XMR

EndSmugnorance

Unless XMR

DicksFried4Harambe

Yo fuck these knobs saying short crypto and where bull run We’ve been pushing ath give or take a dozen percent for like a month and we’re not even where bitcoin spikes usually My bags are loading up daily/weekly I’m looking at L1 offering pos, btc and its likes such as bch and LTC for potential etfs , XMR I don’t have any (cough), doge, ban and shib for meme potential

Stunning-Ad-7598

There are several better privacy coins now and I read something a year or two ago about a police department somewhere in Europe claiming that 60% of monero transactions could be traced. Who knows if that was true or not though, seems a bit far fetched, but there are definitely better privacy coins out there. XMR has the first to market advantage though and it would be very difficult to dethrone it as king of privacy at this point. No big exchanges want to touch privacy coins too. Didn't Binance delist it?

G0alLineFumbles

Just HODL for another year at this point. Buying ADA in 2021 was like buying it in 2017/18 during it's previous bull. In Jan 2018 it hit .80 then fell to .03 during the market lows. It's no Dogecoin, but still number 11 in the market cap. So it hasn't faded too hard. If you were still hodling something like Nano or XMR then yeah sell as they spent a whole bull cycle away from their highs.

mR_m1m3

XLM and XMR are 2 very different things, my friend!

Few_Walrus_6924

Why do you think XMR is still worth as much while constantly being delisted on exchanges, a monera wallet is in the Congress starter pack for new lawmakers.

Hurricane_Ivan

BTC, XMR, QNT, and maybe LTC

YorkshireDancer

Only if you’ve BTC & XMR….

g2devi

Everything you say about XMR can be said about cash and gold and silver. The key issue is if the cure is worse than the disease, should you not pick a better cure? The current "cure" about taxation and crime is to punish the innocent by spying on them, forcing people to beg for their money at banks until banks are satisfied, outright closing bank accounts, being "guilty until proven innocent". A society cannot work that way. If tax avoidance is a problem then both make people want to pay taxes by improving services, and for the necessary but no-one wants to pay for taxes, restructure taxes so they can't be avoided and be non-invasive (i.e. the way it was done for thousands of years where the government had little control, i.e. property taxes, head taxes, and user fees). Granted, you wouldn't be able to collect nearly TAX as much as the current system (e.g. taxed before salary is given, then income tax, then taxed on purchases, then taxed if invested, then taxed through inflation, then taxed if....) but we are also forced to pay for a lot of stuff we don't want and often work against us or can be done better through the local community or church. So we do need to find ways to make governments less top-heavy since the current tax ponzi scheme is not sustainable and will eventually collapse.

vicanonymous

One of the reasons why I like Monero (XMR) is because you don't have to worry about receiving any tainted coins since it's actually fungible (unlike Bitcoin and other transparent surveillance coins).

EndSmugnorance

XMR

-TrustyDwarf-

XMR is crypto as it was meant to be.

Objective_Digit

XMR would crash even more. Your answer makes no sense.

alive1

Yes hello I am a toxic bitcoin maxi. We accept XMR as one of our own. Any currency that isn't bitcoin is a shitcoin. Except XMR.

uthillygooth

Real currency shouldn’t bei a store of value in itself. XMR is an actual privacy currency

soggyGreyDuck

Not holding a little XMR in a hardware wallet is like not buying BTC in 2013. There's a chance it gets crushed by regulations but it's also possible it becomes as big as BTC if governments make some dumb decisions (it's never stopped them before)

PokeJem7

Ehhh, I'm a fan of monero and not a defender of most governments, but it isn't really that simple. Coins like Monero do make it easier for people to get away illegal activity and tax evasion. Despite being an XMR fan I can acknowledge that being a potential issue. As much as I like decentralisation, an entirely decentralised society would not work, we need both. What we need is a government that embraces crypto that, instead of banning coins like XMR, attempts to provide solutions to the challenges that they present.

Yogi_DMT

How can you truly verify the integrity of XMR block chain without being able to trace all the txs?

EdgeLord19941

All the possible advantages for Monero don't mean shit when you look at the BTC/XMR chart

redubshank

XMR is fine for it's intended purposes but, as evidence of the delistings, it's not something I would invest in.

Reclaimer2401

Technologically its an overall decent ledger, the problem lies with the success of it's objective. Privacy. The chain makes transactions untraceable, meaning it is impossible to verify if the money is stolen or is the proceeds of crime. Due to this, may exchanges will not list it which makes it very hard to trade it for cash. So, lets examine privacy. There is privacy between peers and privacy between yourself and the government. The government and law enforcement absolutely has a legal right to investigate your financial history. While your peers do not. To gain anonymity of a wallet between yourself and peers, this is actually quite easy. Buying BTC on an exchange and sending it to a self custodial wallet gives you privacy between peers, as there is nothing that obviously connects your identity to that wallet. Only the exchange has this record, which can only be obtained in the case of a legal investigation or audit. As such, BTC and any coin can easily offer privacy between yourself and peers. What XMR offers is the ability to hide funds from the government, which is potentially illegal unless you keep your own record of transactions to hand over in the case of an audit. Which is why the currency is inherently problematic.

bimalreddy

It’s not a shitcoin, it’s privacy is better than btc I fell like it might take off in price as a lot of criminals are now considering XMR over BTC because of it not being traceable

inShambles3749

I would exclude XMR from the shitcoin list. BTC and XMR are both truly decentralized and trustworthy.

three_eyez

XMR, BTC and Litecoin are the three major cryptos used for transactions on the dark web.

Chance-Permit4247

XMR is the only non-regulated, truly decentralized (to the point you can’t even buy it on 99% of exchanges), and untraceable crypto currencies (to the point that firms even hired by the IRS cannot legitimately track transactions without implementing poisonous nodes) Bitcoin on the other hand may be “decentralized” but it’s so regulated to the point that it’s original purpose is lost to those that don’t understand the true original purpose of crypto. One day, maybe 100 years from now, people will finally let Bitcoin die and allow a truly unregulatable currency take the reign

Linux_is_the_answer

XMR is what BTC wishes it could be

Moist_Bus7755

Take what you can use  my choice is XNO/XMR

KeepBitcoinFree_org

You think powerful governments already aren’t doing this? They hate the fact that there is a digital equivalent to cash in the form of shielded ZEC or XMR, or protocol level mixers. Both ZEC & XMR have already gone through numerous spam attacks and are still here generating blocks full of anonymous transactions. Most criminals are simple and just use Fiat Cash anyways.

Lumpy-Initiative-779

Monero is being attacked by price suppression (look at charts and @MoneroMavrick on X) Accounts talking about more are banned and suppressed. News outlets threatened to not cover XMR and if they do it must be in a negative light Monero is a way to opt out of dystopia Who wants to use a public bank account?

DicksFried4Harambe

Oh snap we’re shilling our bags here? Any POS like ETH ATOM DOT TEZ Banano BTC LTC and XMR Don’t quote me

mcdai

Keep in mind, Jesse Powell would be happy if you bought DJT instead of XMR. Hope Kraken goes the way of Truth Social and X.com

mira-neko

low fees (and fast transactions) only on lightning, which is unusable workaround for made up scaling issues and do LTC/BCH/XMR really that much less decentralized, especially since they're much more affordable and having a full node not less affordable than of BTC? BCH and XMR also have useful features BTC don't have

-Blue_Bull-

Aannndd we're long! Love these XMR vol plays.

PleasantSubstance491

Ignore these fools. Mine XMR, stay warm homie

Qwahzi

Thanks for supporting Nano Vik, we love Cake Wallet! I've updated the links 🙌 One small request, hopefully one day we can convince y'all to update the Nano implementation to use websockets for even faster confirmation notifications 👀 Anyways, cheers for a great product and for supporting the crypto space. I follow you on Twitter & love that you support both XNO & XMR in one wallet

Environmental-Food36

I am interested in this subject (like I said, I'm not even an amateur) Can you please teach me why this XMR (I searched and it's also named Monero) is the only one that is good to mine?

DaRunningdead

Anything other than mining XMR is a waste of time and resources

WorriedDifficulty772

Keeping an eye on Rics other project Tari while loading up on dumped XMR

solarsalmon777

I love BTC and ETH, but XMR is just so sexy. Haven't is an XMR/Tor based decentralized exchange that recently launched and looms extremely promising. The selective pressure govs are putting on XMR is creating their worst nightmare.

CryptoBombastic

I have, i buy software and even gift cards just because it's been a good investments and I want to use it once in a while. I buy it because I think privacy is one of the most important things we should never let go of. If you ask me, there is only one real cryptoCURRENCY and it's XMR

MohTheSilverKnight99

This crackdown will eventually wear down the price of XMR unfortunately

amartinkyle

I’m confused, I can buy XMR on Kraken right now.

Borax

Yes, that's why I made the comparison to BTC. XMR has moved with the crypto market this week. However, in the last month and last year it has fallen a lot vs BTC

MohTheSilverKnight99

As a dip for the delisting of XMR

EndSmugnorance

Also Haveno which is built on XMR.

WoodenInformation730

It *is* good. Custodial exchanges poison the anonymity set because they work together with law enforcement and blockchain analysis companies. We also do not know how much XMR exchanges actually own so it's easy for them to run fractional reserve schemes. Binance and other exchanges suspended withdrawals for weeks at times citing "network congestion" which we knew was a lie. So why did they to suspend it? Sure, delistings also have negative consequences but if you want to replace the current financial system, you have to make sacrifices. If Monero fails because of that we still have Bitcoin (Cash) and Zcash. It's just different strategies.

StructurePublic1393

Valuation doesn't mean value, I rather buy XMR than BTC because it's used as money (mostly for drugs and such). With BTC having a huge transaction fee SOL or XRP are a better choice.

EvilBeanz59

Can anyone direct me to where I can get XMR. I been looking for awhile...

bimalreddy

good thing i kept all my 236.68 XMR in the official wallet

NambaCatz

Let's say you are Vitalek, or perhaps even Satoshi himself. You don't want the entire world to know you are spending your coins. Let me think .... Move 50 BTC -> XMR -> 49 BTC fresh and free. You loose 1 BTC in fees in order to spend that 49 BTC completely anonymously. It took 5 milliseconds to answer your very very silly naive question.

MohTheSilverKnight99

Is this April fool's in October..!? Cuz XMR has gone up 5% in the last 24h

lovelybittabusiness

1. Anyone that isn't a beginner in crypto knows how to get XMR, and it is not particularly difficult 2. Only use it if you have something to hide - what utter nonsense.. Having privacy does not equal doing something wrong just as we give everyone a presumption of innocence and guilt must be proven.. You're an authoritarian governments dream

Every_Hunt_160

Really curious, has anyone here actually used XMR for its purported use case (not as an investment)? And if yes, have you used it for something that is... not illegal? Because I'm actually curious as to why would someone want to use XMR for something that is legal but feels the need to hide it. I'm sure there are some legal uses out there, but just feels like majority of it won't be, idk.

Every_Hunt_160

The best thing the creator of both BTC and XMR ever done was to stay anonymous They will eventually come after all of the creators, just look what they did to the Telegram founder recently.

Every_Hunt_160

Curious strategy to convert everything to BTC I think Kraken thinks that the 2 groups of 'investors' overlap closely so the XMR holders won't be pissed off when their XMR gets converted

Every_Hunt_160

A lot of XMR maxis will unironically tell you this without the /s lmao Everything is good for Monero for them

Etrensce

Only XMR fanboys could tell you with a straight face that reduced liquidity is good for the price.

Kekkins

"customers have until December 31, 2024, to withdraw their XMR, after which remaining coins will be converted to Bitcoin"...so will any Kraken employee or CEO keep the converted Monero? but I guess they'll be so good they'll burn them, lol

coinfeeds-bot

tldr; Kraken, a major crypto exchange, announced it will delist Monero (XMR), the largest privacy coin, from its European Economic Area offerings due to regulatory scrutiny. This decision impacts XMR trading pairs like XMR/USD and XMR/EUR, with trading deactivated by October 31, 2024. EEA customers have until December 31, 2024, to withdraw their XMR, after which remaining coins will be converted to Bitcoin. The delisting follows similar actions by other exchanges, reflecting regulatory challenges faced by privacy coins like Monero. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Few_Walrus_6924

Might be a good time to start an exchange/ bank that backs a credit card company based out of the caymans . Two separate entities that co mingle. Also the caymans are crypto friendly and registered there your not subject to any other boundaries. Pretty easy to get a business license being basically a digital nomad in the caymans and then approve credit limits based on XMR holdings like a credit score but it would be a legitimate CC company based out of caymans that like chase accepts crypto as payments but with all visa/mc can be used at ATM . Or for larger transfers they want to hit a bank account then use xrp for cross border transfers from kyd to usd

CrazyAppel

The title is misleading, the big bankers wanna migrate and use XMR, but for that it needs to be invisible, hence the delistings and censoring. Right now, privacy coins have the reputation of being impossible to trace and very useful for criminal activity. The effect of all these delistings and censoring will be apparent in 10-20 years when people will no longer find any information about XMR, only a few people will remember why and how XMR was used. This is what big boy bankers want to achieve.

SeriousGains

Holding XMR because one day it could explode like BTC did. The world truly needs privacy and BTC doesn’t provide that.

sketelontin

Well, it's holding its value despite constant mining. Monero must have the biggest real market too, by which I mean use outside of price speculation. Might not be pretty but it is a real market, and a massive one, since it is very natural for humans to use drugs and we happen to be in a tiny slice of our history as a species where we are being denied the right to choose for ourselves what drugs we can and can't access. Monero is standard in onion markets, which means it has constant demand. One of few cryptos with real utility that is required and actually being used to fulfil cryptos' intended purpose to negate oppressive and tyrannical governments. Doubt the majority of the current top 100 would survive more than a few weeks of being delisted and suppressed like XMR.

VendettaKarma

[XMR Theme](https://youtu.be/0RfaVsfWZL8?si=GgdVugDAxX57UOuY)

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Lumpy-Initiative-779

It’s happening more and more Look at Monerica (Directory of where you can spend XMR) and Xmrbazar (EBay with 0 fees) The monero circular economy is spreading like a wild fire

Objective_Digit

It doesn't have to be as private as XMR. 99% is good enough.

Jaster-Mereel

How would you end up selling XMR after it explodes?

soggyGreyDuck

I have a little pile of xmr sitting in a hardware wallet because I see XMRs rise almost immediately after BTC becomes widely accepted and thus tracked. There's a lot of "if ands and buts" but I don't see how xmr doesn't eventually explode. BTC is the faster get but you need to get your hands on XMR asap if you really want it to serve it's true privacy purpose

Regular_Remove_5556

How can you prove that a BTC mixer is actually as untraceable as XMR? How could any BTC system hold a candle to Monero? I find it a little hard to believe, do you have proof?

VendettaKarma

XMR for life

CBDwire

Yes but to add it to a mining pool, or similar application is just the same as BTC, LTC and others. My point was really that things like ETH and XMR are very different to integrate with things.

EndSmugnorance

Wouldn’t it be funny if he (and other billionaires) were hiding wealth in XMR?

CBDwire

I accepted ETH earlier on, but I assume the gas fees went crazy as people just stopped using it. Also confusing from a coding point of view, same with XMR. Making a payment gateway for something like BTC, the same applies to coins like LTC, BCH etc.. that are based on same thing, so is pretty much just a copy and paste job with a few edits, but coins that do not work like BTC-core took me far to much work to integrate into websites. Yeah old problems, if somebody wants to pay me in BTC now I will charge them an extra 10% on total price, might as well just use a credit card instead.

CBDwire

LTC, XMR, BCH.. all still good options for peer to peer cash. My only interest is p2p cash, I don't hold coin and pray the price goes up. I just need payment methods that involve no third party rules, fees, or restrictions.

zmooner

Nope, because you could get XMR for cheap and screw your counterparty

ThatInternetGuy

No, they could run their own secret XMR/BTC swap somewhere that only their group use. So they could still use XMR to transact many billions worth of dollars a month. What exchanges do here is closing a small loophole where they could exchange XMR to fiats like USD and EUR.

zmooner

My point is that the whole market cap of XMR is less than 3B so you can't hope to funnel billions of USD worth of value through XMR transfers, be they on chain

710rosingodtier

I mean I feel like most people swapped another crypto for XMR anyway and bypass most exchanges when buying it as it kind of defeats the purpose of buying Monero if there’s a paper trail, even if it’s untraceable after you send it off the exchange and I don’t think this will necessarily hurt the value of XMR cause I mean you know why Monero is valuable. 🧅

PhoenixJ3

Broad strokes purposes, and a fair answer to this guy's question. To be precise though you're describing XMR, not BTC. BTC is not fungible; coins are blacklisted all the time.

ThatInternetGuy

They could still move XMR as on-chain transfers but not into exchanges. To be honest, XMR is fairly stable, and seems to peg to USD for the past 18 months.

vicanonymous

Haveno is a peer-to-peer trading platform that supports XMR, some other cryptos, and fiat. It's a bit like LocalMonero and LocalBitcoins if you're familiar with them. It's also very similar to Bisq (for Bitcoin). Serai is only crypto to other cryptocurrencies, but will have a so-called liquidity pool. Therefore, I don't think you have to trade anything peer-to-peer, you can just click on what you want and trade in your crypto for it. However, it hasn't launched yet so we don't know exactly how it is. I think it will launch in 2025.

Guilty_Fisherman5168

I wonder if all the EU citizens will pay taxes now they are only using kyc free dexes for their XMR...

ThatInternetGuy

I'm surprised that they haven't done that years ago. Most other exchanges already delisted XMR for US and EU markets.

zmooner

IIRC MiCA will require CEXes to deploy specific measures to track the transactions to/from self-custodial wallets. While this could technically be done for Monero by requiring signatures when depositing and withdrawing to prove the KYCed user controls the source/destination address, implementation would render the user experience so awkward that Kraken, and Binance before that, have understandably decided that it would be simpler to delist XMR altogether. This does not mean that Monero is illegal in Europe, or.that CEXes have had more pressure put on them, it is just a business decision following the promulgation of a very clear piece of legislation.

xmronadaily

So does that mean XMR trading will remain open to customers from these countries (not part of EEA)? * **Albania** * **Andorra** * **Armenia** (partially in Europe, geographically transcontinental) * **Azerbaijan** (partially in Europe, geographically transcontinental) * **Belarus** * **Bosnia and Herzegovina** * **Georgia** (partially in Europe, geographically transcontinental) * **Kosovo** * **Moldova** * **Monaco** * **Montenegro** * **North Macedonia** * **Russia** (partially in Europe, geographically transcontinental) * **San Marino** * **Serbia** * **Switzerland** (not part of EEA but part of the European Free Trade Association) * **Turkey** (partially in Europe, geographically transcontinental) * **Ukraine** * **Vatican City** Please confirm!

xmronadaily

Hey Bria, what about XMR access on Kraken for customers that are from countries which are not part of EEA?

whairthaging

Luckly we can still off-ramp in P2P with XMR I ain't risking my portofolio getting seized when i want to off-ramp with their silly little "AML" system that treats everyone as guilty just so they can benefit from it

kirtash93

Sounds like Kraken is being forced by MiCA. Title should be "Kraken is forced to delist Monero (XMR) in the European Economic Area (EEA) because of MiCA"

s-cup

Yeah, just read the email. As someone who regularly buys xmr through kraken this is a bit annoying… Does anyone know which regulatory changes is the cause for this? “… we have no choice but to delist Monero (XMR) in the European Economic Area (EEA) due to regulatory changes.  “

The-Alcoholic-Seal

Just in: Kraken to halt XMR trading in the European Economic Area due to regulatory changes. This will go in effect as per 31 OCT.

acecardx321

BTC & ETH. I still like ADA, XTZ, LINK, XMR, & KAS, because I value decentralization. I only hold ADA out of all those though.

PirateSKB

I mean, I don't disagree but if you bought XMR under $1 or LTC back when it was a few dollars and just sat on them, you'd be doing fine. Even if you bought Nano when it was raiblocks and it was under a penny or Eth when it was like 40 some cents or so, it would have been decent. 99% of new projects fail, but some do flourish and you have to adapt risk accordingly

melonmeta

Nano (XNO), Monero (XMR), Bitcon (BTC), Ethereum (ETH) and maybe Nuls (NULS).

Lee911123

It has, disappointingly so, but the people buying XMR aren’t your regular folks anyways, it’s mostly used to be bought and sold almost instantly, at least that’s what I’d like to think. So yea, it’s good at its job as a cryptocurrency, but it’s not something you wanna hold long term.

Adventurous-Peace691

BTC - store of value ALGO - real world assets HNT - internet of things XMR - privacy/illegal or illicit activity And a stablecoin

Lee911123

ICP?? All those coins you’ve mentioned have been pretty disappointing throughout previous cycles, maybe except for XMR, but then XMR has been delisted across all of the major exchanges for being too good of a cryptocurrency

MinuteStreet172

In order of importance: XMR BCH NANO ADA ICP(or Arweave, or any solution for storage).

strasbourgzaza

I believe that my statement "bitcoin doesn't have privacy, only anonymity" stands, with or without kyc. This is to say that, since all transactions can be publically viewed, it's just that you may not be able to see *who* is making these transactions, it is anonymity without privacy. Furthermore, to be a complete replacement to fiat, it must be accessible to the general public (who are generally rather stupid). While Bitcoin is accessible, I highly doubt that the general public would be able to ensure that they are buying it while maintaining their anonymity. Truthfully, I don't know enough about the inner workings of lightning, so apart from seeing people on reddit have issues with it, I don't know about its specific flaws. In my view, the main thing that bitcoin has above any other crypto is that it is significantly more well known, and therefore would be much easier to convince the general public to adapt it. I 100% agree that the current fiat system is terrible in so many ways. However, I believe that aside from its popularity, Bitcoin does not have many advantages over, for example, XMR (not shilling, we're having a discussion, please don't ban me)

Ur_mothers_keeper

So I don't touch anything that didn't survive at least one bear market. This means I miss out on the exploding new things, but the Sharpe ratio on that class of coins is much worse than what I do. It's risk management. There's no real news in the crypto world that's going to give you a heads up on anything. I stick to the original principles of this stuff: censorship resistance, decentralization, self custody, crypto as money, privacy, empowering the user. Anything with a dev tax, weird staking schemes and other perpetual motion machines, "blockchain can solve all the worlds problems" and stuff like that are to be avoided. These are the fundamentals in this world. Sticking to those doesn't guarantee that you make money, there are plenty of projects that fit that bill that just nobody paid attention to, or they don't have a value add big enough to overcome existing networks' network effects, but you can be certain, the ones that do explode to be worth something long term have these traits. At this point in time, investment wise, the only things that stand a chance IMO of paying off are BTC, BCH, XMR and ETH. There are some cool things on the ethereum network, MKR is one. There are some others that are fantastic but for one reason or another haven't paid off financially even though they are really cool, GRIN, Firo and Pirate chain are some, as examples that even sticking to the principles I outlined carries risk. There are also some that could pay off but we just don't know yet, darkfi is one project worth watching, and maybe having a few coins just in case is not a bad idea.