To those whose been laughing to Monero's situation recent days. “Nobody cares about Privacy” right? After all it was just a trend after Snowden revelations and got quickly forgotten.
A couple years have passed and now you click every “accept all” button you see in every website and every app on your phone again, because who cares right? It's just feeding AI. No agent is actively tracking you.
Well, there will be a time that you wish you had sent your $51 donation with Monero and not get 20 years in prison:
https://www.theguardian.com/world/2024/feb/20/russia-arrests-us-dual-national-for-51-ukrainian-charity-donation
or when they “taint” your bitcoin and track it down to the depths of hell for whatever X reason, you will wish there would be no way to throw dirt on your bitcoin and now suddenly you are in a position to prove how “clean” your bitcoin is. Search for the term “Blockchain Forensic Analysis”.
No one can ever taint your Monero. End of story.
We “Monero boys” also have bitcoin and other coins.
Will I ever use them for any personal transactions? No.
Will I get rid of them on the top? Yes profits increase my life quality why not? But these are just like gold / stocks, bound to Greater fool theory;
https://en.wikipedia.org/wiki/Greater_fool_theory
I was thinking what is the difference between a CBDC and a trackable cryptocurrency, to be honest I can't find much arguments. Use CBDC then, why do you even bother for a cryptocurrency? Ohhh…but a CBDC will not go to moon, that's right. That is the argument.
Then, what is a cryptocurrency?
Satoshi whether he was Hal Finney or Len Sassaman or both doesn't matter, they created Bitcoin after 2008 crisis against the banks as “people's money” and today Bitcoin is at the hand of the bankers. They will manipulate it, play with it. They will absorb all Pension funds into it then blow them all away. Remember back in 2017 they said they will “tame” Bitcoin, and they did:
https://www.coindesk.com/markets/2017/11/07/cme-groups-leo-melamed-well-tame-bitcoin/
Monero is the only cryptocurrency. True “People's coin”.
Have a good day!
The good news is, Binance can no longer do anything to negativity affect the price of XMR and Kucoin just isn’t big enough to make any difference.
Monero pros & cons with related info are in the collapsed comments below.
To all those who
> “have nothing to hide”
Publish all your bank statements of the last 10 years, your real name and address below this comment or GTFO
“But I don’t commit a crime, privacy is for paranoids only, professionals in authority will resolve every issue”.
The problem is that notion of crime is super relative and heavily depends on jurisdiction given.
Even Marijuana trading legality depends on US state within one single country – but jurisdictions differ dramatically.
Respect the precious value of Monero, remember till year 2040, despite tiny tail emission, total Monero coins ever mined will be less than Bitcoin coins ever mined. Almost whole 16 years to wait for.
https://np.reddit.com/r/Monero/s/M4nfX0VR8r
Respect Monero price and temporarily join to our honest open source strategy on it till May 20 2024, when heavily malicious actor Binance will technically close all the rest Monero withdrawals.
https://np.reddit.com/r/Monero/s/RohAV5uzog
PS. Broadcast this statement to all your social media, reach the celebrities, miners, and owners of exchange services.
Because of its dedication to privacy, Monero is a great choice for people who value their financial security. Against a background of competing cryptos with a range of private features, it highlights the value of Monero as a major supporter of individual privacy in the digital age.
This is hard shilling
I love monero! I also hold and like other crypto as well.
I think if we framed the loss of privacy as a loss of potential data profit they may start to think differently about it. As consumers and contributors of media (now ai) we should get a yearly dividend payout from various tech companies for sale/use of your data. An opt out of tracking feature alongside fair profitability would be ideal.
Wen data divi
Come on, let’s be real.
Russia arrested the us citizen for made up charges. If it wasn’t that, they would invent something else.
She was arrested for organising it, not because she sent money.
Why this sub so obsessed with XMR?? I just want my money number go up
Bought the dip. Feeling very optimistic about a quick rebound here.
Is there any hope for the price adjustment?
If you haven’t already, take fifteen minutes to read this:
https://www.activism.net/cypherpunk/manifesto.html
It was written in 1993. At least this part:
> We the Cypherpunks are dedicated to building anonymous systems. We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money.
> Cypherpunks write code. We know that someone has to write software to defend privacy, and since we can’t get privacy unless we all do, we’re going to write it. We publish our code so that our fellow Cypherpunks may practice and play with it. Our code is free for all to use, worldwide. We don’t much care if you don’t approve of the software we write. We know that software can’t be destroyed and that a widely dispersed system can’t be shut down.
People acting they are in for the revolution and not for the gains are so ridiculous
Time to mine some XMR. Always in the background
The problem with Monero is that you can’t tell how much was just handed to the founders at launch….
Did they dump their bags already? How much is left in the founders hands for a rug pull?
So you just hold the amount of Monero you actually need to make day to day purchases or whatever. And keep the rest in bitcoin.
Is this paid promotion for Monero?
>A couple years have passed and now you click every “accept all” button you see in every website and every app on your phone again, because who cares right? It’s just feeding AI. No agent is actively tracking you.
Nope lmao I turn it all off manually
>Satoshi whether he was Hal Finney or Len Sassaman or both doesn’t matter, they created Bitcoin after 2008 crisis against the banks as “people’s money” and today Bitcoin is at the hand of the bankers. They will manipulate it, play with it. They will absorb all Pension funds into it then blow them all away. Remember back in 2017 they said they will “tame” Bitcoin, and they did:
And the idea was a transparent public ledger that could hold institutions etc. to account. Monero does not provide this. Everyone using it can be shady.
you sound fun at parties. 😛
Are you sure Monero doesn’t have an inflation bug? We never know for sure. Maybe someone is slowly dumping his inflation coins to the public. When Bitcoin had an inflation bug it was detected immediately after the abuse and fixed a few hours later.
If you need privacy in Bitcoin, avoid KYC and do your transactions in higher layers. The base layer’s job is securing the network and guarantee the maximum of 21M coins. Privacy happens above.