With a privacy coin thats almost totally anonymous why don't more people use it for actual transactions? I hear there are places where you can exchange Monero for BTC and such such, so why isn't it as popular as it seems?
It's hard finding any negatives/cons about Monero, looking for some serious discussion
Is true that Monero debs exploited the Monero vulnerability on SAFEX Monero fork on livecoin? They hacked 50 mil coins?
No idea, I just finally decided to start asking serious questions about monero and why its dominance isn't as big as it is if it's much better than BTC.
Any kind user that knows a lot about Monero can give a quick rundown on the state of current affairs?
Bro xmr is now back in the #10 spot by market cap it's doing fine. Nightmare market recently exit scammed and bisq has millions worth of btc-xmr volume daily, people know what's up.
tell thankful for today to go back in time and release it before king shitcoin
its rekt by l33t hax0rs that found an inflation bug
Buy
Sitting comfy on a small stack. The biggest concerns I see talked about regarding Monero is the fear of a 51% attack and the fear that exchanges might be blacklisted if they list it.
I read that the exchange issue isn’t really a concern since exchanges only need to know who buys the coin, not what happens after it gets off of the exchange. We did just see Zcash get delisted by Coinbase in the UK though.
The Monero community doesn’t wash ASIC mining on the network. Because of the reliance on GPU and CPU mining, the mining rewards are low enough to almost not be profitable, creating a risk that there could be a 51% attack.
1.8 mil $ worth of Monero.
50 mil SAFEX SFT coins.
All Monacoin wallet.
And many other coins where stolen from livecoin a few month ago.
Was Monero vulnerability somehow involved in this hack?
Monacoin is not a Monero fork, but seem the attack was related as happened at the same time, and another vulnerability was found on MONA.
SAFEX is a Shitcoin with low hash.
Can I still web-mine monero or did they make that change that made it less-than-desirable?
criminal coin
The shadow brokers used zcash. That's all the proof I need that that is the true privacy coin.
xmr inflation is now lower than the btc inflation.
>It's hard finding any negatives/cons about Monero, looking for some serious discussion
Monero uses ring signatures which makes blocks huge as fuck.
Why do you even need ring signatures, it's just more implementation complexity.
Like Zcash, I wouldn't be surprised if Monero has problems with loopholes in the future.
Also not very scalable in the long run, will be outcompeted by others with time.
Syncing takes ages.
Monero's emmision curve is bad for late adopters. Almost all Monero was minted in the early days.
It's even more skewed than Bitcoin in terms of advantage for early adaptors.
With time, short sighted coins will die, and future proof ones will survive.
As simple as that.
Monero is the future proof coin. Dynamic blocks, tail emission, anonymity. BTC will die.
Redpoll me on the privacy coins.
Why is Monero the only one worth talking about?
It's the only one with privacy by default, all the other ones are opt-in (Zcash only has a tiny tiny amount of fully shielded transactions per day).
It's also the only coin that is continuously evolving, doing their own research with 2 community funded PhDs which has led to major improvements to the Monero protocol over the last few years (RingCT, then Bulletproofs, soon the ASIC-resistant RandomX PoW, further reductions in transaction size) and will continue to do so.
Do any of the other privacy coins do anything to compete at all or is Monero really just the best?
reddit basedboy cuck coin
The only thing I hold more of than BTC.
>privacy and anonymity are for cucks
t. Retard.
It’s a good coin. Has good privacy and the highest adoption of any privacy coin.
Does it have the best privacy tech? Maybe not but it is more than adequate. Mass adoption always beats better tech. The autists on biz will never get this.
Check out Grin.
It has some really interesting properties and truly captures the cypherpunk spirit.
Elevator pitch of Grin would be that it uses basic elliptic curve cryptography and prunes all spent transactions.
This means Grin achieves way better stability and scalability than Monero, but at a small cost of privacy.
You don't need ring signatures for privacy, it's just bloat for Monero's chain.
Grin is also the most cash-like coin out of Zcash and Monero.
I don't want to hold Zcash or Monero if I'm just some years late due to wack emission curves.
It's not the only one with privacy by default.
Zcash is one of the big privacy coins that don't have privacy on by default, but there are other coins besides Zcash and Monero.
Not true, the supply curve can be verified using MATH. Monero has trustless setup
Randomx will kill asic and GPU mining forever.
So the original goal of satoshi, one computer one vote will be realized
Maybe it will go up. Or it might even go down or stay the same. Personally, I think it will do all three.
This was not a protocol bug.
Social engineering was at play.
Aren't privacy protocols like Enigma going to make privacy coins obsolete?