THE RISE AND RISE OF MONERO

[Digitalbitcoin]

why is monero so important ? whats differency than btc ?

Monero have many features but as per consideration Monero is untraceable cryptocurrency.

Currently price of monero is increasing just bcz of higher demand.

Safe, secure and anonymous transactions are important factors of monero which gives them higher value in market.

[1715015739]

1715015739

[bbc.reporter]

@Digitalbitcoin. Also do point out that it is going up also because of the people speculating on XMR. I do not believe there is a high enough "demand" at this point because it is still newly accepted in the darknet. Maybe in the future it will be but not today.

[mirakal]

@Digitalbitcoin. Also do point out that it is going up also because of the people speculating on XMR. I do not believe there is a high enough "demand" at this point because it is still newly accepted in the darknet. Maybe in the future it will be but not today.

But if you base the volume of Monero in one of the trading site which Poloniex, it is the biggest under the altcoins and it has an abrupt increase, I think this year will be the year for Monero and it has overtaken the Etherium already in terms of price. Me, I will just ride with it and continue doing some day trading with monero.

[bbc.reporter]

@Digitalbitcoin. Also do point out that it is going up also because of the people speculating on XMR. I do not believe there is a high enough "demand" at this point because it is still newly accepted in the darknet. Maybe in the future it will be but not today.

But if you base the volume of Monero in one of the trading site which Poloniex, it is the biggest under the altcoins and it has an abrupt increase, I think this year will be the year for Monero and it has overtaken the Etherium already in terms of price. Me, I will just ride with it and continue doing some day trading with monero.

Of course because that is where a large % of the trading volume is coming from. If you have a source of the data of the volume of XMR's buying and selling by the vendors and users from the darknet market then we can compare them with the current volume in the exchanges. How many of those XMR buyers now are buying to use it in the darknet market for illegal drugs and other illegal items? $1 million, $2 million worth or more? That should be enough to ping the FBI to let them start to investigate.

Also what is the safer way to buy XMR to use in the darknet? Shapeshift? What is the current volume of XMR trades there?

[Indrawan77]

I can see and feel that monero is slowly climbing up, i just realized that there are so many people that is investing in monero, and they said monero is a potential alt coin, even though they dont dare to compare it with bitcoin yet, but they said its a good investment, from what i see monero has develop quite well

[NewLiberty]

Bitcoin value will increase as it exits the Dark Net Marketplaces.  (Remember what happened after the Silk Road bust?  New ATH)
Monero value will increase as it enters the DNMs.

Right place and right time for both.

[smoothie]

Bitcoin value will increase as it exits the Dark Net Marketplaces.  (Remember what happened after the Silk Road bust?  New ATH)
Monero value will increase as it enters the DNMs.

Right place and right time for both.

Agreed.

With being on the cusp of financial calamity alternative assets/currencies will likely revalue to the upside in the impending global economic contraction (i.e. recession and possibly beginning of a depression).

I suspect in the next 2-4 months the financial world will have some huge rumblings.

[xmrlove]

This is to me in Russia verygood buying opportunity under 2 MILL SATOSHi...for me I am lucky I thought would never get to this price again. Bank service here is very slow each day to get my money! into XMR!

[Blazin8888]

Lets go first with 100 millions $, then $10 a coin. After that we can go higher.

Both of those things already happened earlier today.
What's next?

Never thought Roger Ver would comment on something I wrote. Thanks!

I got a ban the day I made this thread...no idea why. They had a problem with me "Necro Bumping" Satoshis old posts. That is a direct quote and I will not name mods names..I feel like some people are really upset about this rise. I have been attacked in my PM box. Oh well...I am officially a XMR holder for life. With the fundamentals surrounding this coin and the great minds now looking at it (Ver, and others) shows me that it does have a chance like I believed. If you believe in something dont let anyone else tell you otherwise folks. Think about the true power of having private money. This has never before been possible in human history. I am more than thankful to be apart of this journey with yall.

We have not yet had any "Big press" regarding XMR and its innovations. I believe in a short time we may see more media outlets paying attention to this coin. Time will tell. Until then, I am investing more and holding this coin as a untouchable private store of wealth.

[Bemerand]

XMR is a good coin with great devs, thats all you need to know, as long as it doesnt get fucked with like ETH did it shoudl steadily climb i think

[bbc.reporter]

Bitcoin value will increase as it exits the Dark Net Marketplaces.  (Remember what happened after the Silk Road bust?  New ATH)
Monero value will increase as it enters the DNMs.

Right place and right time for both.

Agreed.

With being on the cusp of financial calamity alternative assets/currencies will likely revalue to the upside in the impending global economic contraction (i.e. recession and possibly beginning of a depression).

I suspect in the next 2-4 months the financial world will have some huge rumblings.

Are you sure? Only in 2-4 months? That is very close to happening and on time for christmas too. For you, what will be the catalyst of the new economic or financial collapse?

If there really is one that is going to happen I speculate that the governments around the world will again print $trillions worth of fiat to stimulate the falling economy. They will not allow a real collapse to happen just like in 2008.

[smoothie]

Bitcoin value will increase as it exits the Dark Net Marketplaces.  (Remember what happened after the Silk Road bust?  New ATH)
Monero value will increase as it enters the DNMs.

Right place and right time for both.

Agreed.

With being on the cusp of financial calamity alternative assets/currencies will likely revalue to the upside in the impending global economic contraction (i.e. recession and possibly beginning of a depression).

I suspect in the next 2-4 months the financial world will have some huge rumblings.

Are you sure? Only in 2-4 months? That is very close to happening and on time for christmas too. For you, what will be the catalyst of the new economic or financial collapse?

If there really is one that is going to happen I speculate that the governments around the world will again print $trillions worth of fiat to stimulate the falling economy. They will not allow a real collapse to happen just like in 2008.

Yes 2-4 months it will begin.

The catalyst is poor-broken-monetary-policy since 8 year ago and longer.

The bolded portion they will do for sure. Will it work? It might do a little but that is just like trying to stimulate a junkie crack addict, eventually the person is dead (person = the economy). Monetary heorine = cheap money printing.

The whole system is flawed. One giant broken experiment that will live on in the history books as one of the worst ever (assuming there are history books in the future).

[Hueristic]

Lets go first with 100 millions $, then $10 a coin. After that we can go higher.

Both of those things already happened earlier today.
What's next?

Never thought Roger Ver would comment on something I wrote. Thanks!

I got a ban the day I made this thread...no idea why. They had a problem with me "Necro Bumping" Satoshis old posts. That is a direct quote and I will not name mods names..I feel like some people are really upset about this rise. I have been attacked in my PM box. Oh well...I am officially a XMR holder for life. With the fundamentals surrounding this coin and the great minds now looking at it (Ver, and others) shows me that it does have a chance like I believed. If you believe in something dont let anyone else tell you otherwise folks. Think about the true power of having private money. This has never before been possible in human history. I am more than thankful to be apart of this journey with yall.

We have not yet had any "Big press" regarding XMR and its innovations. I believe in a short time we may see more media outlets paying attention to this coin. Time will tell. Until then, I am investing more and holding this coin as a untouchable private store of wealth.

LOL, don't fool yourself. Great minds have had more than enough time to scope out Monero.

[Whtwabbit]

Lets go first with 100 millions $, then $10 a coin. After that we can go higher.

Both of those things already happened earlier today.
What's next?

Never thought Roger Ver would comment on something I wrote. Thanks!

I got a ban the day I made this thread...no idea why. They had a problem with me "Necro Bumping" Satoshis old posts. That is a direct quote and I will not name mods names..I feel like some people are really upset about this rise. I have been attacked in my PM box. Oh well...I am officially a XMR holder for life. With the fundamentals surrounding this coin and the great minds now looking at it (Ver, and others) shows me that it does have a chance like I believed. If you believe in something dont let anyone else tell you otherwise folks. Think about the true power of having private money. This has never before been possible in human history. I am more than thankful to be apart of this journey with yall.

We have not yet had any "Big press" regarding XMR and its innovations. I believe in a short time we may see more media outlets paying attention to this coin. Time will tell. Until then, I am investing more and holding this coin as a untouchable private store of wealth.

LOL, don't fool yourself. Great minds have had more than enough time to scope out Monero.

Even the New Zealand Inland Revenue know about it 

http://imgur.com/a/amgkr

[anonbit992]

Happy to hear that Genesis Mining is rolling out XMR mining contracts. I just got an email from them.  It just proved the acceptance that Monero is getting. Obviously the price hike is due to the demand and we can't rule out a correction coming in. MAybe, it may keep gaining. But XMR seems like  a good candidate to diversify your crypto portfolio into.

Is there a major difference between DASH and MONERO?

[dinofelis]

Even the New Zealand Inland Revenue know about it 

http://imgur.com/a/amgkr

It is not because they ask the question that they can know the answer.  Of course you are supposed to declare everything a state can potentially steal, that's why they exist.  There's no way for them to know that you have a private key.  You don't even have to keep it on a computer.  You just have the seed of the wallet somewhere.  Knowing some words is hard to find out.

What is funny, though, is that if they have to give two examples of crypto currencies, bitcoin and monero come to their mind !
That's quite bullish for monero !

[Persinon]

Happy to hear that Genesis Mining is rolling out XMR mining contracts. I just got an email from them.  It just proved the acceptance that Monero is getting. Obviously the price hike is due to the demand and we can't rule out a correction coming in. MAybe, it may keep gaining. But XMR seems like  a good candidate to diversify your crypto portfolio into.

Is there a major difference between DASH and MONERO?

The anonymity created by the Monero is in the protocol, it does not require the mast nodes like the Dash does.

[dinofelis]

Is there a major difference between DASH and MONERO?

There is 1 big resemblance between the way DASH and the way MONERO provide anonymity.  The anonymity in both cases comes from the fact that a genuine transaction to an output A could potentially come from different inputs B, C or D.  This {B, C or D} is what is called the anonymity set (I take 3 elements as an example, it is not 3).  This is different in bitcoin, where an output A comes from an input B.  If you know A, then you know that B paid A.  In monero or in DASH, if you know A, you know that ONE of B, C OR D paid A but you don't know which one.

There are 3 main differences:

1) the anonymity in MONERO is mandatory and automatic, while the anonymity in DASH is an active option you have to take.

2) the anonymity set in DASH are *really spend transactions*, while the anonymity set in Monero consists of *potential* transactions (of which only one is truly happening).

3) the anonymity set in monero is generated by the transmitters' wallet on his own, while th anonymity set in DASH is generated by a trusted party (a masternode) who knows the participants.

[Blazin8888]

I hear Barclays took a look at XMR a while back... is this true? - sources?

http://www.ibtimes.co.uk/monero-opens-were-about-private-you-can-get-1580481

Says somewhere in this article...

[MemoryDealers]

As for someone like Roger Ver shilling for Monero - it's NOT the first alternate he has shilled for, he used to shill a lot for Ripple and also Applebytes,

I've never shilled for Monero or Ripple, and never even heard of Applebytes until your post.