Monero (XMR) thread

bucky

Ostrich
Bucky, Keep stacking....

privacy networks/protocols are 100% necessary at layer 1 level. Dark net as already adopted Monero to service the need....just be patient and keep DCAing....XMR is one of the few cryptos I have conviction on.
Thanks, I was honestly interested in what you meant and I agree. One of the few coins I currently hodl and I recently picked up some more.
 

Mikeyd03

Woodpecker
Still DCAing....charts look bad. Zoom out though.

in a world where central banks are all moving towards CBDCs (central bank digital currencies)....

There will be no privacy in your personal finances. You better have that vaccine passport if you want to spend your CBDC....

I read that in France they are starting to enforce jail time if you don’t present a vaccine passport in restaurants and public spaces (fake news...idk?)

either way....the only possible outcome...people will pay premium for privacy protocols.

I expect fully that governments will do all they can to attack Monero and other privacy coins....

they will fail.
 

balybary

Pelican
To answer about the vaccine passport in France:


Venues that do not check visitors have a valid health pass could become liable for fines of up to €45,000 and one year in prison for owners or managers, under proposed laws to be put to parliament on July 21.

The new laws come as part of plans to extend use of the French health pass to a wide range of public spaces, including restaurants, cafes, cinemas, theatres, gyms, sports centres and shopping centres.
 

bucky

Ostrich
To answer about the vaccine passport in France:

Verging off topic, but as much as I like Europe I could do without ever returning if things like that continue to be the norm there. I'm glad I got in a lot of travelling and living abroad when I was young, and I've kind of consigned myself to likely just staying where I am for the rest of my life. At least I've got the memories and the languages from my younger days, even if I never see the places again.

I feel terrible for young people who haven't been beaten down into vaxxed NPC drones, all the things they'll miss that I took for granted.
 

Parmesan

Woodpecker
Verging off topic, but as much as I like Europe I could do without ever returning if things like that continue to be the norm there. I'm glad I got in a lot of travelling and living abroad when I was young, and I've kind of consigned myself to likely just staying where I am for the rest of my life. At least I've got the memories and the languages from my younger days, even if I never see the places again.

I feel terrible for young people who haven't been beaten down into vaxxed NPC drones, all the things they'll miss that I took for granted.
I actually feel the opposite. I was never on the level of RVF 1.0 in terms of prolific, long terms travels, but I tried to get out of the US 1-2 times a year at my peak in my mid-20s. I find myself rarely reminiscing about these experiences, and even forgetting about them entirely. In the end, I had fun, but these experiences didn't offer any long term fulfillment, they were ultimately just wastes of time. I'm not in touch in with any of the people I met. I didn't learn much of value. I didn't improve myself in any way. My memories of cute girls I bedded or made out with in clubs are mostly just tainted with regret that I never had the balls to start a serious relationship with them, or any other high value woman.

Travel is fine as a reward for a goal met, a period of hard work, or a shared experience with someone you love, but as a goal and lifestyle in itself, I think it's empty and narcissistic. I vehemently opposed such freedoms being taken away, but maybe it's a blessing for the next generation of young men, who won't have the temptations of cheap flights and tales of debauchery to lure them away from their goals and ambitions.
 

Jamal D

Robin
So I have been both a full time and part time trader/investor the last 6 year and I feel far too cash heavy now and it worries me for what seems to be coming (hyper-inflation). With indices going hyperbolic like a penny stock and generally overvalued I find the overall market very unattractive now.

I have realized I can`t afford to miss out on the financial changes going on in the crypto/defi world, which still is early days in my opinion.

However, my question is this. Why would anyone put a decentralized asset into a centralized exchange? The whole attraction, besides gains I assume, is to take you off grid of an economic system that is corrupted to the core and have full privacy about it.

My question for you crypto guys is, even if you buy crypto on an exchange and store it on a cold wallet, you will have to account for the amount deposited into the exchange. Have you given this any thought?
 

lonewolf1968

Kingfisher
Question, I downloaded the BISQ app but there's no buyers or sellers in my area. If I buy xmr on an KYC exchange and withdraw to bisq can they track it? or how does the privacy features work.
 
So I have been both a full time and part time trader/investor the last 6 year and I feel far too cash heavy now and it worries me for what seems to be coming (hyper-inflation). With indices going hyperbolic like a penny stock and generally overvalued I find the overall market very unattractive now.

I have realized I can`t afford to miss out on the financial changes going on in the crypto/defi world, which still is early days in my opinion.

However, my question is this. Why would anyone put a decentralized asset into a centralized exchange? The whole attraction, besides gains I assume, is to take you off grid of an economic system that is corrupted to the core and have full privacy about it.

My question for you crypto guys is, even if you buy crypto on an exchange and store it on a cold wallet, you will have to account for the amount deposited into the exchange. Have you given this any thought?
Most people don't know or care how crypto, in general, works. In fact, a lot of these crypto "enthusiasts" on social media really just want to be richer on fiat money, they don't really care about the technological freedom itself per say. So here's a CEX that very convenient for on and off ramping, and you get a lot of normies trading crypto for living. It's why Monero is only one of the few cryptocurrencies actually trying to be a usable one.

Question, I downloaded the BISQ app but there's no buyers or sellers in my area. If I buy xmr on an KYC exchange and withdraw to bisq can they track it? or how does the privacy features work.
The only thing a KYC exchange (and the government) would know is that you know something about XMR. They can't see anything else unless they cracked the Monero cryptography. Also, after buying XMR from an exchange, you send it directly to your own personal wallet where you can control the private keys.


I recommend both of you guys and everyone else reading this to look into the Haveno DEX:
 

lonewolf1968

Kingfisher
Most people don't know or care how crypto, in general, works. In fact, a lot of these crypto "enthusiasts" on social media really just want to be richer on fiat money, they don't really care about the technological freedom itself per say. So here's a CEX that very convenient for on and off ramping, and you get a lot of normies trading crypto for living. It's why Monero is only one of the few cryptocurrencies actually trying to be a usable one.


The only thing a KYC exchange (and the government) would know is that you know something about XMR. They can't see anything else unless they cracked the Monero cryptography. Also, after buying XMR from an exchange, you send it directly to your own personal wallet where you can control the private keys.


I recommend both of you guys and everyone else reading this to look into the Haveno DEX:
So just to make it short, the only thing they'd know is that I bought XMR in Binance, but they wouldn't know where I sent it right, nor where the funds went? Great!
 
Not sure about you guys but I recently stocked up on XMR. Price is on sale right now. The masses, even many crypto enthusiasts, don't understand how important privacy is already but how important it'll be in the future. Especially for those looking to join some underground/parallel economies.
 

BURNΞR

Pelican
So just to make it short, the only thing they'd know is that I bought XMR in Binance, but they wouldn't know where I sent it right, nor where the funds went? Great!

To my knowledge Binance.com (not the .us one) doesn't report anything to any government. Only Binance knows you bought XMR and the wallet you sent to until you send it again to another address you control, then only you know where it is.

I'm long term bullish on XMR despite it massively underperforming the bull market. I am still hopeful that it can go over 1000 USD before the end of this bull cycle. After May 2022 block rewards go down to 0.6 XMR. At this point Monero's inflation will be around half of Bitcoin's, until the 2024 Bitcoin halving. Then Monero's and Bitcoin's inflation will be around the same until the 2028 halving. Monero's inflation will be around 0.8% by 2022, and will continue decreasing slightly each block, since each extra 0.6 XMR is a less % of the total supply. Monero's inflation will be 0.8% and decreasing for around 78% of the century.
 

Parmesan

Woodpecker
The only thing a KYC exchange (and the government) would know is that you know something about XMR. They can't see anything else unless they cracked the Monero cryptography. Also, after buying XMR from an exchange, you send it directly to your own personal wallet where you can control the private keys.]
They would have record of how much you bought in USD. I’m not sure how it works, but I suspect there is some sort of reporting expected when you transfer KYC funds somewhere. So basically, if you transfer out to a non-KYC wallet/exchange, they are going to want to see the balance somewhere else behind KYC. I wouldn’t be surprised if you receive some sort of letter from the IRS requesting you to account for the funds if you transfer them out of a KYC exchange. If we are talking alot of money, it might even be worth finding a crypto lawyer to get advice.
 

Mikeyd03

Woodpecker
To my knowledge Binance.com (not the .us one) doesn't report anything to any government. Only Binance knows you bought XMR and the wallet you sent to until you send it again to another address you control, then only you know where it is.

I'm long term bullish on XMR despite it massively underperforming the bull market. I am still hopeful that it can go over 1000 USD before the end of this bull cycle. After May 2022 block rewards go down to 0.6 XMR. At this point Monero's inflation will be around half of Bitcoin's, until the 2024 Bitcoin halving. Then Monero's and Bitcoin's inflation will be around the same until the 2028 halving. Monero's inflation will be around 0.8% by 2022, and will continue decreasing slightly each block, since each extra 0.6 XMR is a less % of the total supply. Monero's inflation will be 0.8% and decreasing for around 78% of the century.
IMO you will see XMR over $1k this bull cycle.
 

Mikeyd03

Woodpecker
Not sure about you guys but I recently stocked up on XMR. Price is on sale right now. The masses, even many crypto enthusiasts, don't understand how important privacy is already but how important it'll be in the future. Especially for those looking to join some underground/parallel economies.
Atta boy.
 

Parmesan

Woodpecker
IMO you will see XMR over $1k this bull cycle.
Based on anything? I'm under the assumption its days on Kraken US are numbered, and you probably won't be able to buy it with USD on any trustworthy platform (outside localmonero, which is a hassle). I'm somewhat short term bearish because it's not well positioned for normie, crypto bubble investing. I think it's going to be valuable when demand for actual utility of crypto starts taking off, but I'm honestly not sure if that's a month, or 10 years from now.
 
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