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r/CryptoCurrencySee Post

Breaking down assets of DCG, as best as we can externally.

r/CryptoCurrencySee Post

Litecoin is my favorite!

r/CryptoCurrencySee Post

Is Web3 the future of crypto? An Analytic insight into the development of Web3!!

r/CryptoCurrencySee Post

Huobi completely got rid of privacy coins, so who will be next? (poll)

r/CryptoCurrencySee Post

Huobi delists Monero, ZCash, and several others

r/CryptoCurrencySee Post

RedFlagged / Marked/ "Dirty" BTC

r/CryptoMarketsSee Post

ZEC Price Analysis July 2022

r/CryptoMarketsSee Post

What a green crypto Friday! Are we finally seeing a positive sentiment? COMP (+4.55%), APE (+3.09%) and GMT (+2.09%) showed the most active growth this week, and ZEC (-22.42%), HT (-22.35%) and MATIC (-22.35%) dropped down more than others. Bitcoin’s price is 19.5k and Ethereum's is $1k.

r/SatoshiStreetBetsSee Post

What a green crypto Friday! Are we finally seeing a positive sentiment? COMP (+4.55%), APE (+3.09%) and GMT (+2.09%) showed the most active growth this week, and ZEC (-22.42%), HT (-22.35%) and MATIC (-22.35%) dropped down more than others. Bitcoin’s price is 19.5k and Ethereum's is $1k.

r/CryptoCurrencySee Post

Not all Altcoins recover previous ATH.

r/CryptoCurrencySee Post

Carefully Screen Altcoins Outerpforming in the Bear Martket

r/SatoshiStreetBetsSee Post

Top 5 cryptocurrencies to watch this week: BTC, MANA, MKR, ZEC, KCS

r/CryptoCurrencySee Post

Changelly stole my money

r/CryptoCurrencySee Post

Sry for raising this topic again, but maybe I will help someone not to lose his bankroll

r/CryptoCurrencySee Post

Future Money: What is Zcash (ZEC)? (2022)[00:16:51]

r/CryptoMarketsSee Post

HOT digest: LUNA, ZEC and APE follow the green trend!

r/CryptoMarketsSee Post

HOT digest: LUNA, ZEC and APE follow the green trend!

r/CryptoCurrencySee Post

Let's make a deal, Government. You get to do all the surveillance you want, we won't complain. But in exchange you must whitelist homomorphic encryption crypto like DERO (which is 100% anonymous & where no backdoors are possible). You catch terrorists/criminals & we people still have some privacy

r/CryptoCurrencySee Post

My case for a FULLY anonymous coin and smart contract platform: why I believe the destigmatization of anonymity is inevitable, privacy coins will stop being a “shady” niche and the only 100% anonymous L1 out there DERO is primed to outperform. (DERO vs Monero, ZEC, Secret, Eth, ADA also discussed)

r/CryptoCurrencySee Post

Zcash Shielded Pool Privacy Efficacy Test/Challenge

r/CryptoCurrencySee Post

What is Zcash (ZEC) Cryptocurrency? 2022

r/CryptoMarketsSee Post

Zcash (ZEC) Registers Another Breakout!

r/CryptoCurrencySee Post

Monero’s XMR, Zcash’s ZEC Jump as Privacy Coins Gain Favor

r/CryptoCurrencySee Post

Monero, Dash and ZEC will be delisted from Waves.Exchange

r/CryptoMarketsSee Post

ANC, ZEC, CVX Rides Bullish Momentum Reversing Bearish Trend

r/CryptoCurrencySee Post

Top 5 cryptocurrencies to invest in 2022

r/CryptoCurrencySee Post

My first week of Pipeflare - Play to earn

r/CryptoCurrencySee Post

What is your best Metaverse/PlaytoEarn crypto or website? How much money can you make?

r/CryptoCurrencySee Post

I never see anybody talking about ZEC

r/CryptoCurrencySee Post

Are we about to see a surge in the value of privacy coins?

r/CryptoCurrencySee Post

If you aren't mining or contributing to F@H for Banano then you're missing out

r/CryptoCurrencySee Post

The future of ZEC?

r/CryptoCurrencySee Post

While the market bleeds, let’s learn some crypto terms that everyone should know.

r/CryptoCurrencySee Post

Just holding coins and hoping for the best is not enough. Some coins will never see their ATH again.

r/CryptoCurrencySee Post

Zcash ( ZEC ) missing here !

r/CryptoCurrencySee Post

Gemini Login: Cryptocurrency Exchange to Buy Bitcoin and Ether

r/SatoshiStreetBetsSee Post

A place where blockchain enthusiasts, gamers, and technology lovers can meet chat and play. Free 1FLR, ZEC, and MATIC everyday.

r/CryptoCurrencySee Post

Top 3 privacy coins to buy on December 8th: XMR, ZEC and DCR

r/CryptoCurrencySee Post

For the newcomers: How to earn Crypto without investing money.

r/BitcoinSee Post

Important Crypto Gains....

r/SatoshiStreetBetsSee Post

"Pri-Fi" is the next big trend. Privacy coins in De-fi space. Watch out for XFT Offshift

Mentions

Thanks for sharing, good to know. > In case Grayscale announces bankruptcy they would be forced to sell their tokens (LTC, BCH, MANA, LPR, ZEC, ETC, ZEN). Euh wasn't there talk of Grayscale possibly selling off its GBTC ?

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

#Privacy Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds.

Moner.... Nah, JP This list (no particular order): TRX, ZEC, APE, SOL, BCH, BSV, LUNA, ICP, ELON

They develop new things, new concepts like zk-SNARK for private transactions. Cryptocurrencies are not an investment anyway, they are currencies made to pay for things with it... eg privately with ZEC and their zk-SNARK tech.

Mentions:#ZEC

Don't we already have this? It's called ZCash \[ZEC\].

Mentions:#ZEC

The very first regulations will be to ban privacy coins. XMR, ZEC, DASH and so on. They don't care about "customer protection".

Mentions:#XMR#ZEC#DASH

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

Only decentralised projects. BTC,ETH,ZEC and DGB.

The most important thing is to get full decentralized, so no more CEXs. This eliminates a vast majority of scams. Another thing would be to not buy any tokens that can be minted in arbitrary amounts. Buy real coins instead, like BTC, LTC, DGB, RVN, ZEC, KMD. Use this list to choose from: https://coinmarketcap.com/view/mineable/

ZEC,DGB,BTG but mainly of course BTC.

ZEC \*can be\* private, but most transactions are transparent.

Mentions:#ZEC

ZEC is privacy optional

Mentions:#ZEC

Same with ZEC. Its still in the list...

Mentions:#ZEC

ZEC is also private and anonym it is still in the list...

Mentions:#ZEC

I hoped ZEC would do it but it didn't. Still made an acceptable profit.

Mentions:#ZEC

>the point is the difficulty of the concept The concept is not difficult. You can go look to see how much XMR is in existence at any time you want, just like with BTC. https://moneroj.net/coins/ If you're just wanting people to understand issuance, it's simple. There are X number of XMR, and there will always be 0.6 issued every time a block is mined. We can see this because the coinbase transactions are public and not obfuscated. Wow. Many complicated. >you simply add up the coins and bam you know there isn't hidden inflation So in your mind, someone who cannot understand the fundamental math that make cryptocurrency possible will be able to "simply" add up all the coins to know there is no hidden inflation? Right...ok. And if you're saying it's just about the conceptual understanding, then you should know that, CONCEPTUALLY, the way Monero prevents hidden coin creation is simple. Or, at least, it's similarly complex to understanding, conceptually, how the cryptography of any cryptocurrency functions. People use https daily and have no idea how it works. >"Trust me bro there's some maths..." This is literally how people explain all cryptocurrency. You're telling me a majority of non-techy users of BCH understand how even something simple like block hashing works? No. It's literally "trust me bro there's some maths" unless they are literally validating blocks by hand every time one gets mined. This is still a flawed argument to be using. Monero proofs are understandable on a conceptual level, and it's fallacious to say it must be elementary school simple in order to be a valid technology. People don't even understand how IP addresses and DNS and internet routing works, even on a conceptual level, but they still use the internet. This part of the conversation is getting pointless. >So are transactions public, or aren't they? Isn't the Monero argument "All your transactions are untraceable", how does "but wait they're sometimes not untraceable" fit into the whole "XMR has better fungibility than Bitcoin" argument? I cannot help you if you think you are going to get all your knowledge on a cryptocurrency from a Reddit comment thread with one user. You clearly have not even attempted to do even a modicum of research into the topic. A simple Google search would answer all of these questions. I even told you in my previous comment that this is made possible with a view key, and Seraphis will improve on this. It's OPTIONAL transparency. Private by default but with the option to publish a view key so that others can see things like donations. >is going to decide the winning crypto I think your definition of the "winning crypto" and my definition are different. You want something that can be supported by the government, and therefore a coin that can surveilled, at the expense of the very purpose of cryptocurrency. That's cool. That's just now what I think makes something the "winning crypto." Monero, even with its regulatory pressure, has massively more usage than other cash-like, transaction-centric cryptocurrencies. >Ok so it's not true that pruning can't be done, but it sounds like it is more difficult. Do you have sources that can be cited to explain the specifics? Yeah, but lets first acknowledge that it's a huge issue that this website is promoting so much patently false info. And now you're saying it's more difficult? Where did you get that impression. You literally just add --prune-blockchain to start a pruned blockchain. How is that difficult? Sounds like you, once again, are relying on a random Redditor (me) for your information and not doing any research. I would advise doing deep research into other cryptos from sources actually about those cryptos. >What information sources would you recommend on Monero, I am very happy to read and make updates. https://getmonero.org has a lot of good stuff. Some is outdated, but most of it still applies generally. Honestly searching r/Monero for specific topics and questions will reveal an excellent base of information. The core developers are active and answer lots of questions. Join the sub, and I think you'll see the rapid development and actual usage to be very healthy. >Is there a Monero site that explains what is lacking or problematic with Monero? That seems rather biased. I like to research coins just based on their factual properties and make my own judgements on which properties are pros and cons. Since I don't think like you're describing, I don't think I can come up with a resource that is just about what is problematic. However, the Monero community is extremely critical. Each week we critique it and try to figure out how to improve things on Reddit. It's also an ongoing thing in the Matrix channels. There is also a great (slightly outdated but still applicable) YouTube series by some prominent people in the Monero community called Breaking Monero where we try to highlight how adversaries could "break" Monero's privacy and how to solve it. Some of what is mentioned in the series has already been solved, but still a great watch. The Monero community is pretty ruthless against its own in a good way. You're right that I am currently an advocate of Monero, but the moment another coin does the core principles of crypto better, I will be an advocate for that coin. In my mind BCH ain't it, otherwise, that's where I'd be. FIRO and ZEC show promise but are far from getting there. >Given you're such an advocate for Monero, what is your steelman explanation for why it hasn't just completely taken over everything and is rank 1 crypto? First, who cares? I've never once cared about the price or market cap of Monero. Why would I? Monero has adoption in the spaces where it matters: a P2P currency that is resistant to government interference. Why do you think it's becoming the exclusive coin on the dark web? And since you brought it up, according to https://coinmarketcap.com/, Monero outranks BCH, so what even is your point? I don't think this matters at all, though. Trades and ownership using institutional money and centralized exchanges are primarily responsible for these numbers, and none of that matters to me regarding P2P digital cash, really, so... But BTC has network effect, obviously, and other than that, you can see the other popular coins have a lot of institutional influence, so I'd imagine that has something to do with it. ETH isn't even really a cryptocurrency. It's a decentralized computer, by design. It's not trying to be a P2P cash system.

\*Except for XMR, ZEC shielded tx's, Tornando cash, and a host of other privacy protocols on the horizon.

Mentions:#XMR#ZEC

> No it isn’t. It’s not a daily thing? So if I choose the right day, I can send tainted coins or Wasabi coins to Coinbase, and their flagging system will just be turned off? Is that like a weekend thing? Or…is the flagging system used…daily? I didn’t there were daily news articles about Coinbase (or Binance or whatever) seizing funds. Of course that’s demonstrable hyperbole. I said censorship based on coin history is a daily thing. I know that if I have tainted coins, I cannot send them to Coinbase. That fact is the censorship. Their ability to watch, flag, track, prosecute, persecute, etc. people based on the history of their coins is the exact definition of non-fungible. It’s a daily thing. It’s not a one-off-oops-wow-that-was-unusual thing. It’s a definitive issue. If you try to use tainted coins, the government CAN see that, and you WILL be penalized for using them if you use them with someone or something under government pressure. As this space develops, and the government’s interest and reach extends into crypto in various countries, the problem of fungibility and censorship will worsen. It’s the same with digital fiat. If you hack a bank and send the funds to your personal bank account, guess what’s about to go through asset forfeiture? Everything in your account. Not the same with cash. A dollar bill is just a dollar bill. Just because not every bank account is shut down does NOT mean that the surveillance and censorship of bank accounts is not an ongoing daily thing. > I’m aware it was started, and you should be aware it was quickly stopped. Could it re-occur? Of course. Is it encouraging that it was quickly pushed back? Yes, you also need to give some credit to that and maybe it wasn’t as much of a slam dunk as it seemed. Sure. I am aware of this, but my point is exactly what you said: it’s the simple fact that it’s actually possible to do this that is the problem. Crypto isn’t supposed to be able to be co-opted by states. That’s the whole point. If the design of a cryptocurrency is such that it CAN be co-opted, and proof of concept for that has been done, we already have a problem. What you’re saying is essentially that we should wait until the flaw is being more severely abused before we take notice. I’m saying we should take notice now and not compromise and such core and fundamental aspects of crypto. > I have not heard of anyone refusing to accept “tainted” Bitcoins, I’ve used it for years and never had a problem Confused. We’ve literally been talking about examples already. And again, just because *you personally* haven’t had an issue with it, or even many people, does not mean it’s not a problem with the system. From personal knowledge, I know that many in China would say they aren’t persecuted by the government, but by our standards, they are, simply by the fact they have to be careful what they say and do because they know they *would* be penalized if they did step out of line. Same thing here. If you did something illegal or something the government did not like with Bitcoin, the governments have the *capability* to flag your addresses and prevent you from cashing out or sending to anywhere reputable. That *is* censorship. You censor yourself or get censored by another entity. Canadian truckers is yet another example we haven’t discussed yet. I don’t think I need to explain in detail why that is a perfect example of the terrible failure of Bitcoin’s fungibility and censorship resistance. Sure, the addresses still function, and the network still works, but that is still censorship. You can censor free speech without ripping out someone’s larynx. Imposing negative government-directed consequences on someone for speech is censorship. Same concept applies here. Because of the transparency of Bitcoin, it’s possible to impose those sanctions on someone and make them suffer for what they did with Bitcoin. > the list appears to be pushing a narrative rather than providing a comprehensive objective set of evidence You asked for examples of Bitcoin fungibility/censorship failures. I provided many. Then you tell me it is biased. Of course it is. But it’s truth. True examples that you requested in support of my argument can’t be dismissed by saying that they aren’t comprehensive. That doesn’t even make logical sense. What exact kind of list did you want me to provide? Lol > Bitcoin Cash or Dash > But I think you’re looking for reasons to prefer Monero rather than objectively assessing the available field of options I used to be a BTC, LTC, BCH, DASH, and NANO fan. Equally among them for different reasons. Didn’t even consider Monero or ZCash initially when I got into crypto. I got into crypto for the same basic reasons stated in the whitepaper. More specifically, I believe crypto has the power to develop something that is finally in the free trade/market and finance world what encrypted communication and dark webs are for free speech and information sharing. It’s fantastic. I don’t care what crypto it is or what it’s called. I am behind whichever one can be usable, private, secure, and censorship-resistant P2P cash. Currently ZEC has too many issues for me, but I have my eye on it and Firo. They show great promise. If they do the job of cryptocurrency better than Monero, better believe I’ll be using them more and more. My allegiance is not to a coin but to the whole purpose. If Bitcoin had adjusted to the tracing issues properly (Lightning is not properly) then there would never have been a reason to make Monero. I’m curious to hear what trade offs you think Monero made that makes Bitcoin better? Or BCH or Dash? Because by my standards, BCH and Dash or still far too traceable. Even Monero, with its massively strong privacy guarantees, could theoretically be broken in certain niche circumstances. So there’s no way I’m stepping down from something like Monero (or maybe Firo some day) to something way worse like BCH. Also things with optional privacy are already nonstarters for similar reasons. Again, my goal isn’t to shill a coin. I like Monero because it *currently* does the best job, in my mind, of balancing usability and privacy. It could be even more private, but it’s trying to strike a balance. Quick, two minute block times. Easily self run nodes. The level of privacy needed to actually be fungible on a level like cash. Fungible. Censorship-resistant. Can’t censor or sanction an address when there are no addresses on the blockchain. Cheap transactions at currently less than a cent. Actual real world adoption by the people who are in situations like what crypto was designed for (extra-legal use cases). Tail emission for scarcity but reasonable and controlled micro inflation. Great suite of apps and services and development community which is just a nice bonus. I’d be happy to be convinced that something else is equally as good. When Monero happened, I moved away from the other options. If something else gets better, I will move to that. Privacy and fungibility are mandatory. If you don’t have that might as well use fiat. Which is fine. Fiat has a purpose. But crypto is supposed to be different.

New bear market lows ADA low of $0.3490 DOT low of $5.681 FIL low of $4.64 MANA low of $0.5854 GRT low of $0.0792 ZEC low of $47.50 NEO low of $7.31 KSM low of $36.16 ONE low of $0.01624

Isn't DAI a stablecoin? Does it have a privacy element to it or something? Interesting thing is that my DAI holdings are shielded in Railway, which is a private wallet. So, there is little sense in putting under the same umbrella with privacy coins such as ZEC

Mentions:#DAI#ZEC

TIL Eric Snowdon is one of the founders behind ZEC. Very interesting ...

Mentions:#ZEC

tldr; The privacy-centric Zcash blockchain is suffering from a spamming attack that resulted in tripling its size to over 100 GB. The attack is costing the scammer roughly $10 a day in transaction fees. ZEC’s price remained unfazed by the attack and was currently trading at $56.23. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#ZEC#DYOR

according to: https:/np.reddit.com/r/Monero/comments/xxbed8/comment/irb8ory/?utm\_source=share&utm\_medium=web2x&context=3 ​ > Zcash transactions does not seem to depend on the size of the transactions. Somebody does not not only spam the network, they seem to use enormous transactions with hundreds of outputs which are cheap nevertheless **example:** https://zcashblockexplorer.com/transactions/476bd5f4b65f271f0e8f76825c94fa017fee30055bce620f45ee03317b145470 Fee: 0.0 ZEC **Json:** [https://zcashblockexplorer.com/transactions/476bd5f4b65f271f0e8f76825c94fa017fee30055bce620f45ee03317b145470/raw](https://zcashblockexplorer.com/transactions/476bd5f4b65f271f0e8f76825c94fa017fee30055bce620f45ee03317b145470/raw) seems to be a big oversight in their design... How can we trust their cryptography implementation if they didn't get something like this right

Mentions:#ZEC

Definitely is likely the same conspiracy theorists and bad actors within the XMR community. You know probably the same ones that threatened the cakelab devs over adding ZEC.

Mentions:#XMR#ZEC

Garbage FUD that was deleted. Lol Zcash blockchain is still functioning fine despite the sad attacking attempts. Shielded ZEC transactions still have the highest privacy and larger privacy set (yes even over Monero).

Mentions:#FUD#ZEC

Monero can be tracked through probabilistic analysis. Shielded ZEC transactions are encrypted and cannot be tracked.

Mentions:#ZEC

Possible Motives: For fun For profit (short ZEC, nodes go down, people criticize ZCash). Make it harder for people to run nodes, which makes network-level surveillance or even eclipse attacks more viable.

Mentions:#ZEC

Zcash has a different strategy whereby mining effectively funds the coin’s development budget. Under the Zcash mining model only 80% of ZEC mined in each block actually goes to the miners (in most coins like Monero, Bitcoin, Ethereum, etc. 100% goes to the miners). Of the 20% that doesn’t go to the miners, 15% goes to a group of founders and early investors. It’s similar to a premine except that it’s spread out over time. The remaining 5% of the block reward goes toward funding developers to improve the Zcash blockchain. [Source](https://www.exodus.com/news/zcash-vs-monero/)

Mentions:#ZEC

From the article, emphasis mine: > A transactor pays a small fee of 0.0001 ZEC (worth a few cents) for shielded transactions **with hundreds of output values**, Zcash's block explorer shows. A pretty trivial fee for a normal transaction is not a big problem, but not making transactions with hundreds of outputs more expensive than simple, standard ones looks pretty dumb to me. You could say they were more or less begging for this to happen.

Mentions:#ZEC

Pretty ironic considering a majority of ZEC holders bash on XMR holders for the possibility of chain bloat. At least with XMR nodes you can prune the blockchain to compress old transactions and have the file be 1/4 of the size.

Mentions:#ZEC#XMR
r/CryptoCurrencySee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

How do ZEC and XMR compare?

Mentions:#ZEC#XMR
r/CryptoCurrencySee Comment

What? Crypto around 100 USD lately? BCH, ZEC, SOL, MATIC, BSV... Actually to get XMR under 100 USD you need to go back to October 2020.

r/CryptoCurrencySee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

IMO, older coins with decent reputations that aren't consolidated to a few whale holders are the real mvp's. You might not go 100x with them but you certainly won't see -99% and they have decent utility or adoption BTC, XMR, DOGE, BAT, ZEC, ADA

r/CryptoCurrencySee Comment

Did ZEC have a heart attack?

Mentions:#ZEC
r/CryptoCurrencySee Comment

tldr; Huobi has terminated trading for Dash, Decred, Firo, Monero, Verge, Zcash, ZEC, and Horizen. Deposits for each coin will also cease as of September 12, but withdrawals will continue to function. The decision is an effort to comply "with the latest financial regulations," Huobi said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#ZEC#DYOR
r/CryptoCurrencySee Comment

Tldr # Crypto exchange Huobi revealed that it had already terminated trading for Dash (DSH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC) and Horizen (ZEN) on September 6. Deposits for each coin will also cease as of September 12, but withdrawals will continue to function.

r/CryptoCurrencySee Comment

No it's not, once the coin if off the exchange it's untraceable, XMR or shielded ZEC is invisible and fungible.

Mentions:#XMR#ZEC
r/CryptoCurrencySee Comment

Grayscale seems to think it might be: > For the first time in August, Grayscale acknowledged that ZEC, ZEN and XLM “may currently be a security, based on the facts as they exist today,” a major shift from its May and June stance that the trio might be deemed so down the road.

Mentions:#ZEC#ZEN#XLM
r/CryptoCurrencySee Comment

tldr; ZEC, ZEN and XLM “may currently be a security, based on the facts as they exist today,” Grayscale said in recent, little-noticed filings. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

Was talking investing and crypto with a small group of pals last night, and 1 of them told us she recently put 15k into ZCash. I about fell out of my chair! I wish her well, but damn if I had 15k extra it’d be going to many things that aren’t ZEC

Mentions:#ZEC
r/CryptoCurrencySee Comment

Stable and coin It's antinomic..... Go for real crypto only with real Blockchain Like BTC LTC ZEC or BitcoinZ Google getbtcz for the cheapest zksnarks of the market

Mentions:#BTC#LTC#ZEC
r/CryptoCurrencySee Comment

Stable and coin it's antinomic... Better put risk in crypto not coin I mean real crypto with their Blockchain like BTC ZEC LTC BTCZ...

r/CryptoCurrencySee Comment

ZEC is a BTC fork. I don't know if there's any way that the private crypto can profit from Swift producing their own system. I know that several countries exploring Central Bank digital currencies are looking at private crypto platforms, for instance my other holding is Tezos and they are active with the French Central Bank. However, I don't know if having Tezos the institution involved in a central bank digital currency project is going to help the Tezos token at all. Also, this makes me think of XRP and people claiming that institutions are using it, but I've never really looked into how true that really is. I take everything I see read or hear in the crypto sphere with a large grain of salt.

Mentions:#ZEC#BTC#XRP
r/CryptoCurrencySee Comment

ZEC the fork of Monero? I can appreciate that as a use case. works perfectly for its intended purpose. If you actually read the post; DTCC and swift are producing their own DLT systems to replace what they currently use. Each deal in billions of transactions. Retail wont be involved in anyway. I am trying to discuss how we can profit from this transfer. They must use some sort of existing project for compliance or something? Which would then benefit from the billions of value being processed. What do you think?

Mentions:#ZEC#DLT
r/CryptoCurrencySee Comment

P2P, actually Z2Z using ZEC, is pretty much the only use I have for crypto. And for me to get more use out of it, more people are going to have to adopt it.

Mentions:#ZEC
r/CryptoCurrencySee Comment

Zksnarks is the best privacy 🔏 ZEC or cheapest one of the market BTCZ BitcoinZ Real Blockchain technology crypto Proven resilient since more 5 years

Mentions:#ZEC#BTCZ
r/CryptoCurrencySee Comment

ZEC is centralized. There is one company that develops it and it charges development tax in the block rewards of miners. And it has near zero on-chain use, crappy wallets, and no plans to scale dispite pocketing millions from block rewards, VC investors and government grants. No one interested in actually using privacy trusts them yet they are everywhere because they buy lots of advertisment and exchange listings.

Mentions:#ZEC
r/CryptoCurrencySee Comment

ZEC, LTC, are centralized?

Mentions:#ZEC#LTC
r/CryptoCurrencySee Comment

I have ZEC as my currency of choice, and Eth killers are investments.

Mentions:#ZEC
r/CryptoCurrencySee Comment

”And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …” -zookosounds like a backdoor to me. And that isn’t the only time they’ve made such comments. Chainalysis themselves have said that they can track most zcash transactions due to privacy being opt-in. ”It seems that the large majority of Zcash users do not yet understand Zcash’s operating model,” the study finds, concluding that the “minuscule” set of ZEC users utilizing shielded transactions renders Zcash “effectively traceable.” Dark web uses monero over zcash for a reason.

Mentions:#ZEC
r/CryptoCurrencySee Comment

Tornado cash blacklisted --> Circle froze USDC assiciated with those addresses --> Whales move their money --> Decentralize maker dao pump like liquity, REN, private coin like ZEC.

Mentions:#USDC#REN#ZEC
r/CryptoCurrencySee Comment

XMR and ZEC are the way, especially for legit users. Mixers don't seem to have a legitimate raison d'etre.

Mentions:#XMR#ZEC
r/CryptoCurrencySee Comment

I'm betting on Tezos as platform, Zcash is my currency of choice. Thinking about DOT and AVAX but my XTZ and ZEC bags aren't full yet.

r/CryptoCurrencySee Comment

Success is when a few of my clients pay me a Zcash and when I can use my ZEC to buy a few things or pay some other people.

Mentions:#ZEC
r/CryptoCurrencySee Comment

Buying a little ZEC and XTZ when I can.

Mentions:#ZEC#XTZ
r/CryptoCurrencySee Comment

I'm only interested in seeing ethereum go proof of stake because Zcash is going to do it. I have a use for ZEC, I don't use or need ETH.

Mentions:#ZEC#ETH
r/CryptoCurrencySee Comment

Be careful though, you won't get any moons if you talk bad about Bitcoin, or if you talk good about ZEC.

Mentions:#ZEC
r/CryptoCurrencySee Comment

LTC is very functional. I don't hold it because ZEC exists, but it's a solid currency.

Mentions:#LTC#ZEC
r/CryptoCurrencySee Comment

Back in 2017 wasting 1 year mining 1 ZEC. What a waste of time that shitcoin is.

Mentions:#ZEC
r/CryptoCurrencySee Comment

XLM, LTC, ZEC are all cheap. Penny or less I think.

Mentions:#XLM#LTC#ZEC
r/CryptoCurrencySee Comment

All in on ZEC let's go! Can't get any lower right?

Mentions:#ZEC
r/CryptoCurrencySee Comment

It’s more likely that they pumped to an insane height for whatever reason, and then just moved relative to BTC for the rest of its existence. An example would be ZEC. Clearly still attached to BTC, but never reached peak euphoria during the most recent bull run

Mentions:#BTC#ZEC
r/CryptoCurrencySee Comment

You could do comparison on privacy coins like XMR and ZEC

Mentions:#XMR#ZEC
r/CryptoMarketsSee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

LTC's MWEB is far inferior to the Zcash encryption, which is why I hold ZEC, but no LTC.

Mentions:#LTC#ZEC
r/CryptoCurrencySee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

Got it, thanks! Very quick and 0.0001ZEC fee, that's awesome. Sender is shielded, definitely going to learn more about Zcash

Mentions:#ZEC
r/CryptoMarketsSee Comment

ZEC, XTZ, SOL pretty much evenly split atm.

Mentions:#ZEC#XTZ#SOL
r/CryptoMarketsSee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

Chia (XCH), Zcash (ZEC) and Monero (XMR).

Mentions:#XCH#ZEC#XMR
r/CryptoCurrencySee Comment

ZK = Zero Knowledge as in Zero Knowledge Proofs: - A mechanism that allows one party to prove knowledge of information without revealing what the information is. Originally used in blockchain to hide transaction details in privacy focused cryptocurrencies such as ZEC. ZK proofs are also useful for scaling solutions because nodes can verify transactions without needing to store the transaction details. ZK-EVM = Zero Knowledge Ethereum Virtual Machine - An Ethereum virtual machine supports zero knowledge computation and executes smart contracts using ZK-proofs. Zk-EVMs are used in zk-roll ups which are an Ethereum L2 scaling solution. Zk-rollups broadcast transactions to Ethereum main chain in batches using zk-proofs to verify the transaction data.

Mentions:#ZEC
r/BitcoinSee Comment

You're mining something that uses an offshoot of the original ZEC algo. This has nothing to do with Bitcoin. Sorry. I'm sure you were paid according to NiceHashs's terms.

Mentions:#ZEC
r/CryptoMarketsSee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

Just don't like it. Prefer ZEC for privacy and use, ALGO, ATOM, SOL, TRX for investment.

r/CryptoCurrencySee Comment

Okay, I have two questions: 1) Why 10, obviously. and 2) Why BTC? I never understood why hackers demand BTC when they could simply demand XMR or LTC now with the mimblewimble update or ZEC?

r/CryptoCurrencySee Comment

It looks like Zcash ZEC provides the best possible upside among all of the relatively liquid and mainstream altcoins. I like the Zcash odds of a mean reversion toward ATH because it has the power of a narrative that hasn't yet been juiced for a pump Privacy! ​ All of the ETH-Killer and Dog Meme altcoins had their narrative pump cycle which makes it a lot tougher to send them back to ATH

Mentions:#ZEC#ETH
r/CryptoCurrencySee Comment

Understood. Buying whatever the fuck ZEC is.

Mentions:#ZEC
r/CryptoCurrencySee Comment

Well imma get some shit over this but here we go 👀 First off, before getting into the market I was researching on cryptocurrencys on my teenage years because I've gotten curious on the potential it's used for. Last time I've heard about it the top currency's I've been hearing is BTC, XRP, Litecoin, Monero, and ofc Bitconnect. I didn't know how it's used but an article popped up in 2014 and let's just say it made me feel I'll to join the market nothing to do with the market just that our government was very hostile over cryptocurrenies at the time and it started to ease a bit around 2016. I was about to go into the market around 2018 but ofc I've cowarded out at first. Then 2020 shit the market hard and instead of going into the crypto market I've started off with index funding just to learn a bit in how trading, selling, investing and how taxes are done just to get an understanding how it works and how to avoid future harsh penalties before going into the crypto market. Afterwards once I've built confidence I've transitioned from index since it wasn't making much at a stagnant budget of $200. Making money on cryptocurrency was a lot easier and I just wanna say between March 2020 to January 2022 was a magical time for this market. When I've started into it at first I didn't know what the hell am I suppose to do in understanding hundreds now thousands of cryptocurrenies because I didn't want to get scammed. Following the subs golden advice is to pour a little bit of monies towards BTC and ETH. Excellent. Then I just went to skim through different forms and channels from YouTube which luckily I didn't get the info from Bitboy. But somehow I manage to get to the sweet liquidation part through instincts, self-procrassonation and observing the potential of certain cryptocurrenies. Ofc this sub shit hard on shitcoins but I just yolo'd in this type of way: subside into certain shitcoins that have potential for the future and keep my profolio diversified so I can make money to split between investing in more BTC and ETH while spreading the funds to invest in other projects. The projects that I've started to invest from 2020 was ZEC($100 for 1), LUNA($15 for 0.500), File token($30 for 1), The Graph($15 for 30), Monero ($50 for 0.400 something), Decentraland ($25 for 220) 0x ($10 for 8). Did I buy it for high? Some of them yes but yes. It's unpredictable on which assets are gonna moon and which ones are gonna crash. Mainly around that year (2021) File Token, 0x, The Graph and other assets like Dogecoin crashed hard because -the fear of what happens when I sell -the thought of the goberment going to attempt goberment intervention -fomo Originally my plan was to hodl it off for the entire year because I just want to understand more of investing in a long run just so I could get the hang of it. Only thing that the goberment has interviene is with Monero. Even though I can't buy or sell I'm sure it's still possible to withdraw Monero through a hardware wallet. But like around November that was my month of giving up holding some assets mainly Etherum token type of cryptocurrencies. Mainly the one crypto token asset that I've made huge money on was Decentraland which I've bought it stinking cheap 0.16-0.25 and ended up selling it for $4-$5 a piece. But overall after liquidating it I was able to split to spread on investing on BTC, ETH, diversity during Christmas and able to withdraw it out the rest. The only thing I've made a decent profit in 2022 was ZEC and Polygon. I got super lucky when around the last weekend of April I've sold my remaining half of LUNA because I was going broke due to desperate measures at the time and I just wanted to treat myself some McDonalds. So I did just that to cash out ($52 of 0.400 LUNA) and felt like shit because originally I wanted to cash it out around August not around that month. Then I watched LUNA going deeply down (oof). Even though everything else in the market is currently at the gutter atm 📉 💩because of my previous experience from 2021 it made me confident enough to keep my profolio diversified, cash out when I get the chance and even inherit some coins/tokens like ADA, Monero, BTC, ETH, Tezos, Algorand and my current favorite coin; stellar. My next goal is to save up enough to purchase a hardware wallet so I could withdraw these coins I've mentioned and just keep them safe. I just don't have a thought of selling them when I could just invest in a financial or meme token and get similar results but that's just my opinion. I didn't get rich but when I made some money from hodling a while I can understand in some way why it pays off huge. Then again it's unpredictable and hodling for too long and then that greed will lead to a huge fall just as bad or worse as LUNA (w/o a doubt LUNA is the worst of the worst 😬). I just hope once the market recovers it impacts the scam tokens away from the market just to make it so much easier on which coins/tokens to keep investing on.

r/CryptoCurrencySee Comment

Each XMR (or shielded ZEC) transaction is recorded in the ledger for all-time. This is publicly visible. The specific details may be encrypted or otherwise obfuscated, but the receipt exists. The holder of the private or public view-keys can optionally disclose proof of a transaction making it possible to audit an account. >There's no benefit to hiding the fact that you bought a doughnut, but there is a benefit to hiding the fact you paid for illegal services. Buying a donut with bitcoin enables the doughnut seller to view the amount of bictoin contained in the buyer's account. They can also see other transactions that the buyer made from that same account, both previous transactions and future transactions. Additionally, *anyone* made privy to an individual's transactions or bitcoin address can view all of the the transactions from that account. >Transparency and decentralization don't absolve a user from accountability. Privacy and decentralization also do not absolve a user from accountability. >Bitcoin was public from the start and overlooking that is silly. It's silly to overlook the fact that the creator was actively looking for and discussing ways to add privacy to the network. >There's no legitimate reason why an entire network needs to hide its transactional data. Tornado cash has the same issue, it only exist for criminals. The entire network maybe default to privatizing transaction data, but not all data is hidden. Any registered business dealing in cryptocurrency is complying with existing regulations including those dealing with records handling and cash transactions. Transactional privacy, in itself, is not a crime. If you want to keep your transactions private use *-a privacy preserving digital-* cash

Mentions:#XMR#ZEC
r/CryptoCurrencySee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

Do you think any coins that did not reach a new ATH this cycle would still be around during the next run? There are plenty of them like XRP, TRX, XLM, BCH, EOS, ZEC, NEO etc.

r/CryptoCurrencySee Comment

This is the ZCash route I suppose and makes sense in theory, although I'll admit that my math skills are not high enough to interrogate it. ZEC is also going POS which makes any security it offers redundant (IMO).

Mentions:#ZEC#POS#IMO
r/CryptoCurrencySee Comment

Here’s some parameters. Your crypto investments are high risk high reward, and typically financial advisors say 1%. This is old news, I would do 20% of your net worth to crypto exposure. Most cryptos are a scam. Generally, cryptos should solve analog monetary policy problems. BTC is risk off in the long term because of programmed deflation. This is your gold. Layer 1 meta- OS’s like ETH, XTZ are needed to run all innovation happening with smart contracts. - this is your digital labor or oil Layer 0s like LINK actually earn revenue. This is your passive income Money tokens like LTC, XMR, ZEC are meant to be used as payment avenues. This is your money Premined networking tokens like XLM are like your railroads for transmitting both analog and digital assets. This isn’t an asset that is NOT meant to be held for investment, although because of how early we are, we are far away from its ultimate fair value plateau, and so there is a material upside if buying ISO20022 assets now. Don’t carry more than 30% debt to limit balance, and any payments over the minimum should be allocated to high interest debt FIRST. 10% cash balance for short term obligations is prudent. I like keeping 6 months of cash runway. Of the 20% you’re allocating to crypto, make sure it doesn’t put you over 30% of your total credit line, And make sure the 20% of crypto is properly diversified with digital gold, oil, labor, and data digital assets. Stay away from venture capital backed assets because these defeat the purpose of eliminating middle men and rent seekers.

r/CryptoCurrencySee Comment

tldr; Zcash and ECC are working on developing a PoS protocol for ZEC. We’ll focus on researching existing proof-of-stake (PoS) protocols to understand trade-offs and risks. We'll also consider usability, safety, privacy, and monetary policy constraints that serve as ZEC’s strengths. We have a strong bias toward protocols that have significant pre-existing deployments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#ECC#ZEC#DYOR
r/CryptoCurrencySee Comment

Is Binance afraid of privacy? What about XMR, ZEC, DASH, ... ?

Mentions:#XMR#ZEC#DASH
r/CryptoCurrencySee Comment

Welcome do delisting family! [Delisting XMR, Dash and ZEC. These tokens will soon be delisted from Waves.Exchange](https://twitter.com/waves_exchange/status/1499091770965123072)

Mentions:#XMR#ZEC
r/CryptoCurrencySee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

Zcash (ZEC) and Chia (XCH).

Mentions:#ZEC#XCH
r/CryptoCurrencySee Comment

Yea but I'm gonna use litecoin or ZEC or even doge before I'm gonna pile into something hanging in 2020 lows. I'm far more confident that all those listed will 2x before BCH. Wish you the best but I think you're crazy lol.

Mentions:#ZEC#BCH
r/CryptoMarketsSee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

#Monero Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Monero Pro Argument (Part 1/2) > > - Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/h7d1e6i/). > > - *Disclosure: I currently hold a position in XMR, ~2% of my current portfolio value* > > - **TLDR**: Privacy is a human right and Monero is the leading project aimed at protecting that right. Optional privacy is not sufficient for anonymity. If exchanges delist privacy coins, Monero will still be able to meet market demand through p2p channels and atomic swaps. > > ##Monero: Built different > > **Monero (XMR) is a cryptocurrency focused on private and censorship-resistant transactions** > > - Privacy is a [human right](https://en.wikipedia.org/wiki/Right_to_privacy), recognized by the [UN Declaration of Human Rights](https://www.un.org/en/about-us/universal-declaration-of-human-rights). Even if you have '[nothing to hide](https://en.wikipedia.org/wiki/Nothing_to_hide_argument)' you should still care about privacy, as [I argued for the Cointest Privacy - Pro argument](https://np.reddit.com/r/CryptoCurrency/comments/pfopc9/rcc_cointest_general_concepts_privacy/hf5o1sv/). > > - Monero has many of the attributes that people find valuable about Bitcoin. However, it also improves on some key aspects to align more with [the original vision of Bitcoin](https://np.reddit.com/r/Monero/comments/morrpp/satoshi_talking_about_privacy_features_that_got/) and the original [cypherpunk](https://en.wikipedia.org/wiki/Cypherpunk) vision of cryptocurrency in general: > > - Monero was created by an anonymous dev: like Satoshi, the pseudonymous creator of Bitcoin, Monero was created by an unknown entity, [Bitcointalk user thankful_for_today](https://bitcointalk.org/index.php?action=profile;u=233561;sa=showPosts). > > - Monero is a fork of Bytecoin, outlined in [Nicolas van Saberhagen's 2013 white paper ](https://bytecoin.org/old/whitepaper.pdf) which argued that "Privacy and anonymity are the most important aspects of electronic cash" and proposed areas to improve upon Bitcoin's design. > > - Like Bitcoin, Monero is an 'OG' PoW coin (2014 mainnet) with no premine or ICO > > - Monero does not have a hard capped supply like Bitcoin. > > - Monero *does* have a decreasing block reward schedule like BTC - but it doesn't trend towards zero over time. Instead, [the block subsidy will trend toward a fixed amount to incentivize participants to keep mining blocks](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). The current [annual inflation is 1.45% and decreasing until "tail" emission kicks in around 2022](https://moneroj.net/inflation/). > > - [Proponents regard this as an improvement over Bitcoin](https://np.reddit.com/r/Monero/comments/3z527f/does_monero_have_a_maximum_cap_like_bitcoin_21/). It's unknown if, in the future, transaction fees will supplant the mining incentive that secures BTC's blockchain once the block reward becomes extremely small > > - Unlike Bitcoin, Monero [does not have a fixed cap for block size](https://academy.binance.com/en/articles/a-beginners-guide-to-monero). Instead, it has a dynamic block size, meaning that blocks can expand or shrink to accommodate demand. > > - *[Mining](https://moneroj.net/hashrate/)* > > - Unlike Bitcoin, Monero is designed to be ASIC-resistant with an intent to reduce the dominance of mining pools running specialized, high-performance mining hardware > > - Monero can be mined somewhat efficiently on consumer grade hardware such as x86, x86-64, ARM and GPUs > > - Moreover, Monero's updated PoW algorithm (from CryptoNight to RandomX) favors CPU mining and weakens GPU effectiveness > > - *[Fungibility](https://academy.binance.com/en/glossary/fungibility)* > > - Fungibility is a key property of currencies - at a high level it means that one dollar bill is equivalent to and interchangeable with another dollar bill. > > - Well 1 BTC = 1 BTC right? Yes, at the protocol level there isn't any distinction made between each BTC unit. > > - Fungibility is more ambiguous at the social and political levels. [Some bitcoins have a 'tainted' history due to being used for illegal purposes, confiscated, etc.](https://sethsimmons.me/posts/fungibility-graveyard/) Exchanges and other institutions can then blacklist coins using chain analysis. > > - If 'clean', freshly mined coins are seen as more valuable than older 'dirty' ones, then that undermines Bitcoin's fungibility. > > - Privacy > > - Monero's **private by default** protocol preserves the fungibility of the asset by obscuring transaction sources, amounts, and destinations. > > - Most blockchain networks today reveal information about your holdings and transactions: > > - "[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - In contrast, Ring signatures, stealth addresses and RingCT (Ring Confidential Transactions) make Monero unlinkable and untraceable. > > - If you [search for an address in the Monero block explorer](https://localmonero.co/blocks/search/41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew), you'll see that you can't tie any holdings or transactions to it. > > - I would argue that privacy by default makes Monero more valuable vs. [optional privacy implementations](https://www.wired.com/story/harry-pottery-cryptocurrency-privacy-zcash-monero/) like [Litecoin's MimbleWimble upgrade](https://twitter.com/DavidBurkett38/status/1356469626511712258), Dash's PrivateSend or more direct competitors like Zcash (ZEC) > > - ZEC uses zk-SNARK proofs, which are not fully trustless: "[zk-SNARK proofs are dependent on an initial trusted setup between a prover and verifier, meaning that a set of public parameters is required to construct zero-knowledge proofs and, thus, private transactions.](https://academy.binance.com/en/articles/zk-snarks-and-zk-starks-explained)" > > - If users do not shield their ZEC transactions - and most do not - a third-party can uncover shielded transactions through process of elimination. > > - If you give people optional privacy they don't really use it - thus [Monero's month-over-month increase in transactions surpassed all shielded Zcash transactions *ever*](https://twitter.com/JEhrenhofer/status/1380566462344101899). > > - In September 2020, the US IRS criminal investigation division (IRS-CI), posted a [$625,000 bounty for contractors who could develop tools to help trace Monero](https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero). However no team has provided convincing evidence of their success. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4ybr/coin_inquiries_round_monero_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

r/CryptoCurrencySee Comment

WEX was formerly known as BTC-e. Back in 2014-17, BTC-e/WEX was one of the top 5 exchanges by volume. Problems began when the US Govt. arrested Alexander Vinnik and seized the [BTC-e.com](https://BTC-e.com) domain, along with extensive crypto assets on the platform. Most people assumed the exchange was finished there, but surprisingly it relaunched under WEX several months later. Users' balances had a pretty significant haircut and received WEX tokens for a portion of their balance. Those tokens represented about 40% of their balance (if I recall correctly). The exchange kept on trucking for awhile after that, but never regained its previous volumes. Eventually they started running into further liquidity issues. Withdrawals became disabled for most assets. The only way to withdraw was with ZEC (ZCash), randomly. So you'd have to exchange your balance for ZEC (at a significantly worse-than-market rate). This discouraged some users who opted to wait it out instead. That ended up being a poor decision because the exchange shut down completely a few months later. Plenty of legitimate users' balances were now inaccessible. It's surprising that there is so little push to recover user balances and reimburse them. It's quite clear that the US government confiscated hundreds of millions in user assets and just kept the money. It leads you to wonder how the US government will treat the Bitfinex recovered BTC. These provably belonged to Bitfinex users and were stolen by the now-infamous couple. Most would assume that the US government will forward these funds to Bitfinex, but that has not been confirmed by the US govt. And Bitfinex believes these BTC no longer belong to the original holders, instead they believe these BTC belong to purchasers of their UNUS LEO token. Complicated. But in general, there should be a much stronger push in the industry to refund original owners of these assets and stop letting 3 letter agencies keep innocent people's stolen funds.