THE RISE AND RISE OF MONERO

[Blazin8888]

Satoshi brought us Digital Gold. He intentionally gave it a public ledger. Knowing the big banking cartels and wall st goons would pick it up. It was designed for the future. A future that keeps the super rich/wealthy honest. - maybe in the future you will prefer to store your family savings in BTC vs XMR. However, day to day currency may end up being something else. - would you want your employer knowing where the BTC they send you goes? - XMR solves those small issues and other larger ones. Actually, the cryptonote whitepaper is a great read and I do recommend anyone interested in good cryptography to give this a read. This is exactly what we needed. Also, I think the word "Monero" fits great. Esperanto could very well be a key language to know in the future. Like crypto, Esperanto is not only a "structured thing" created by us, it also creates a level playing field for everyone. Imagine going to a different country and not having to worry about learning a new language? Esperanto could be the default language of the universe. Think about the advantages there and I suggest you google and research what the benefits of Esperanto could create for the world. I am not saying forget your culture and your language, I am simply saying this could be a great extra language to help create better relationships and business ties across the globe.


CRYPTONOTE WHITEPAPER: https://cryptonote.org/whitepaper.pdf

CryptoNote is based on many early works and protocols and takes into consideration several issues raised among the Bitcoin community. Below is the list of most important papers and events that have influenced CryptoNote:

1983 – Blind signatures described by David Chaum
1997 – HashCash (an instance of a proof-of-work system) invented by Adam Back
2001 – Ron Rivest, Adi Shamir, and Yael Tauman proposed ring signatures to the cryptographic community
2004 – Patrick P. Tsang and Victor K. proposed using the ring signature system for voting and electronic cash
2008 – Bitcoin whitepaper published by Satoshi Nakamoto
2011 – An Analysis of Anonymity in the Bitcoin System, Fergal Reid and Martin Harrigan
2012 – Destination Address Anonymity in Bitcoin (one-time addresses in CryptoNote).

2014 - Monero is born

ROGER VER ON XMR:
https://www.reddit.com/r/Monero/comments/4n5tlo/le36_roger_ver_and_erik_voorhees_scaling_debate/d435o3d

PETER TODD ON XMR:
http://bitcoin-development.narkive.com/mH0GrHuE/libconsensus-and-bitcoin-development-process#post7

Quote from Theymos the great:

I do think that Monero is probably the best altcoin right now, since it actually does something major that Bitcoin doesn't, even if its scaling is terrible and it'll probably be replaced by a Bitcoin sidechain someday. Achieving Monero-style anonymity for everyone should be a long-term goal of Bitcoin.

BLAST FROM THE PAST: Is the future finally here?

1. http://www.wired.com/1994/12/emoney/

2. http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

3. http://www.nytimes.com/1994/12/31/us/computer-jokes-and-threats-ignite-debate-on-anonymity.html?pagewanted=all

4. http://osaka.law.miami.edu/~froomkin/articles/cfp97.htm

5. http://www.cs.utah.edu/~kmay/look/digital/Laundry.htm

6. http://www.forbes.com/forbes/1997/0908/6005172a.html  -"There is another dimension to the spread of crypto. The same mathematical tricks used to encode a message can be run in reverse, to generate a so-called digital signature. This is a computer stamp of authenticity. It can be used to prove that an electronic document originated with a particular sender, such as a bank depositor or a bank officer. Assemble a few digital signatures in a clever fashion and you have created a mechanism for digital cash;a system of electronic payments akin to Visa or MasterCard but with the added feature that it can be made anonymous." - FORBES 1997


POSTS ON BITCOIN + ANONYMITY BY SATOSHI:

1. https://bitcointalk.org/index.php?topic=8
2. https://bitcointalk.org/index.php?topic=13.msg15997365#msg15997365
3. https://bitcointalk.org/index.php?topic=7.new#new

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[smoothie]

That post was made 2 months ago.

Perhaps he is accumulating quietly much like the winklevoss twins are probably doing (and did with BTC).

[jaesonma]

Maybe he accumulate when the price was 0.003, now he has tripled the btc worth of holding. 

[bbc.reporter]

This might be the next big thing. How could we not have seen it before? It was using Bitcoin's formula to success. A slow but secure development process, darknet market penetration as a preferred currency and whales secretly accumulating all along. Theymos must be holding some in cold storage seeing that he made that statement.

Now I am kicking myself again because I missed BTC and now this one.

[Maksim Popov]

I cant stand that post as serious because you didn't mentioned creation of Ethereum as it is very important step in blockchain evolution.

It looks like just a fanboy post for Monero. Nothing wrong with Monero itself, i think it is interesting project, but your attitude is not noble here.

[dinofelis]

I cant stand that post as serious because you didn't mentioned creation of Ethereum as it is very important step in blockchain evolution.

Ethereum is indeed very important, mainly as an illustration of what one shouldn't do, and the forking experiment of ethereum is of extremely important value to be studied.  Many implicitly assumed mechanisms of block chain behaviour are proven wrong and that's a good thing (to find that out).

[ethereumhunter]

if we watch on market about monero in two days ago, we see that the rate of monero is up to high until it reach about 0.0093 if am not wrong and then slowly its turn down until 0.0083 and many of my friends get stuck with the rate of 0.0085-0.0086. i hope its would be back normal in 0.0088 again or even its up again in 0.009 

[owm123]

if we watch on market about monero in two days ago, we see that the rate of monero is up to high until it reach about 0.0093 if am not wrong and then slowly its turn down until 0.0083 and many of my friends get stuck with the rate of 0.0085-0.0086. i hope its would be back normal in 0.0088 again or even its up again in 0.009 

Its already at 85. Just be patient and HODL.

[MemoryDealers]

Maybe he accumulate when the price was 0.003, now he has tripled the btc worth of holding. 

Maybe it was even earlier. 

You can thank Bitcoin Core for crippling Bitcoin's ability to scale for motivating me to take a look at alt coins.

[Febo]

This might be the next big thing. How could we not have seen it before? It was using Bitcoin's formula to success. A slow but secure development process, darknet market penetration as a preferred currency and whales secretly accumulating all along. Theymos must be holding some in cold storage seeing that he made that statement.

Now I am kicking myself again because I missed BTC and now this one.

Being early adopter of Bitcoin or Monero is way different.  I bought my first moneros in beginning of June 2014 when price was around 0.0025BTC so about $1.5 ( month before and month after price was even higher)( BTC price at that time was about same as now).  That was a month and half after release. Price at that time was way higher then was in beginning of this year.  So bigest Monero profiteers are not the ones that bought Monero in April or May of 2014 but  the ones that bought Monero in 2015. when price reach even under $0.25 in February 2015 and not much higher in December 2015 (big influence on price of course had cheap BTC at that time)

Nonne ever got Moneros super cheap, but everyone paid them fairly. That is why no one will treat them as trash and dump them at any price. That is why Monero behaves so different on exchanges as other coins.

[traderethereum]

i make a good profit last night when it was 0.009 and now i am waiting for next pump 

[bitcoinci.com]

why is monero so important ? whats differency than btc ?

[HeroCat]

I can agree - Monero is really good crypto coin. It is sad, that Monero do not have such popularity like ETH - Monero have some nice advantage in the crypto market - transactions are not public. Plus also currently it is possible to make trade with Monero too - price is around 0.007 BTC, two days ago - it was 0.004 BTC.   

[raphma]

This might be the next big thing. How could we not have seen it before? It was using Bitcoin's formula to success. A slow but secure development process, darknet market penetration as a preferred currency and whales secretly accumulating all along. Theymos must be holding some in cold storage seeing that he made that statement.

Now I am kicking myself again because I missed BTC and now this one.

chill, you didnt missed (at least not all of it). the price still very good and the DN still in "beta" phase.

[obit33]

why is monero so important ? whats differency than btc ?

monero is fungible, bitcoin is not...

[LiskKing]

Maybe he accumulate when the price was 0.003, now he has tripled the btc worth of holding. 

Maybe it was even earlier. 

You can thank Bitcoin Core for crippling Bitcoin's ability to scale for motivating me to take a look at alt coins.

Wow Roger Ver is here. I am going to keep buying/holding XMR not sure about you guys.

Thank you for all your hard work around Bitcoin Roger! I hope XMR is the answer to our problems!

[thejaytiesto]

Theymos says it right. The idea is great, we all should have fungible coins and privacy, but the problem is the scaling of Monero is a mess, and Bitcoin can eventually become as private as money, rendering Monero pretty irrelevant at that point. We'll see how it goes, I wish I didn't sell my XMR last month, the price was stagnant and I lost hope.

[aminorex]

If you think bitcoin will ever move enough technologically to enable meaningful privacy, you must be smoking crack.  They can't even deal with changing a constant.

[LiskKing]

Theymos says it right. The idea is great, we all should have fungible coins and privacy, but the problem is the scaling of Monero is a mess, and Bitcoin can eventually become as private as money, rendering Monero pretty irrelevant at that point. We'll see how it goes, I wish I didn't sell my XMR last month, the price was stagnant and I lost hope.

...I am selling LISK for XMR. Roger Ver is final confirm on this project for me thank you! - scale issue has been fix and much better than BTC!!!


i BELIEVE in crypto - maybe this will be my fuel to fund this crypto ecosystem further in future? - why invest in another coin when we have private digital money so cheap? - can buy into other ALT later


ANON ALT > ALL OTHER ALTS

[European Central Bank]

maybe one to keep an eye on but I don't think this is any more attractive than any of the other weird little coins we got floating around. we seem to get a new bitcoin killer every few weeks off the basis of one pump. then they're not bitcoin killers any more.

when people say bitcoin's vulnerable to being replaced, all of the alts are truly vulnerable. someone's gonna come up with something that addresses all of the obvious flaws soon.