Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized P2P privacy cryptocurrency!
Monero is secure, low-fee, and fungible, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT ensure that Monero's blockchain is obfuscated -- In other words, the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a user willingly providing a view key.
Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of transactions increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in June 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.
If you still have questions, feel free to ask and a MoneroChad will be with you shortly.
Please save us from the fucking Corporate Memphis art style though and if you must, then at least use the more professional variant: undraw.co/illustrations
Dylan Hill
Come to think of it, boomers might also respond well to an (old timey) newspaper style, not to mention save you from dying of boredom.
Evan White
How far will the goalposts move this time? I thought Monero wallets were completely decentralized. Monero to $20 today lmfao
For any retards buying the fud above, the Monero user who had his wallet "sanctioned" can just move funds to a new wallet and delete the old one, problem solved.
Grayson Reed
Too stupid to realize that Monero addresses don't appear on the blockchain lol.
Zachary Morris
Okay well Canadian Monero holders are losing their coins to the government somehow. How is this happening then blockchain expert man
Luke Williams
This is a good time to buy monero right frens? With the fbi bitcoin surveillance shit?
Jackson Garcia
Reminder that monero can be traced by the feds. The Bitfinex hackers tried to launder the stolen funds using Monero and they were caught.
*****/XMR/ Monero General Info-Dump***** >*****/XMR/ Monero General Info-Dump***** *****/XMR/ Monero General Info-Dump***** >*****/XMR/ Monero General Info-Dump*****
Learn more about Monero's key features and excellent future prospects, have some common misconceptions dispelled and discover the cold hard facts about Bitcoin, Zcash and PirateChain. Also featured is a noob-friendly buying, storage and wallet guide.
- added Proof-of-Stake update to Zcash Blackpill - added list of available desktop/mobile wallets - expanded all sections with more relevant info, graphics & videos - added easily linkable headers and sub-headers (link icon to the far right) - added a new section about traceability FUD
How does monero dex privacy work? Whether you're buying or selling BTC, the precise amount of BTC involved in the trade will be advertised in public, right?
Jaxson Williams
>The irrational exuberance of cryptocurrency investors
Irrational exuberance is characterized as a hype-fueled mania that causes investors to massively overestimate an asset's real-world value. In this delusional state, investors tend to become so smitten with expectations of greater profits that they disregard the assets’ potentially weak fundamentals and drink the proverbial Kool-Aid.
This then leads to them recklessly and repeatedly buying into whatever asset is currently rising in the charts, thereby triggering and/or sustaining an asset bubble. This bubble is kept inflated solely by the mass delusion that the market price is justified and will only keep going up in future, effectively becoming a self-fulfilling prophecy. Note that bubbles can last for years, especially in an age of easy investor on-boarding. However, when history inevitably repeats and the bubble bursts that optimism invariably turns into panic as the asset crashes back down to its real-world value.
A very popular parallel that is often made regarding irrational exuberance is how the current state of crypto markets is analogous to the Dot Com Bubble. There are very obvious reasons for this, namely the striking similarity between the emergence of early applications of disruptive communication technology and the massively volatile market that has emerged around the blockchain ecosystem. The recently disruptive trends in the crypto market make the similarities even more conspicuous.
I assume there will be an Automated Market Maker (think Uniswap). With Monero as the base currency the multi-sig setup wont leave an easily seen transaction on the blockchain. BISQ trades on BTC are pretty easy for blockchain analytic companies to spot. In theory it should just look like you are moving btc from 1 wallet to another.
That said the dex will still know the trades you made. So proper opsec will still be needed on the user end if that meets your threat model.
