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.
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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
>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.
God, I would give my entire stack just to fall asleep in her bum
Evan Bell
the whole canary thing was overplayed and stupid. the only thing they could really get is chat logs but just dont say anything on the site and dont deal with anyone that asks for id (cant believe theres any desu)
Isn't the US government going to start requiring all venmo transactions to be reported to the gov / IRS now?
Chase Ortiz
yea because people run entire businesses off of venmo and arent paying taxes.
im sure they could get the LM logs and see what venmo transactions happened at that exact time and pin point me but all that for my small increment payments of xmr? they would probably be more interested in the people selling the bulk amounts rather than the buyers
