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Author Topic: what is your opinion on Monero?  (Read 414 times)
ayan9167
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August 07, 2021, 02:36:44 PM
 #41

Monero is a digital currency that offers a high level of anonymity for users and their transactions. Like Bitcoin, Monero is a decentralized peer-to-peer cryptocurrency, but unlike Bitcoin, Monero is characterized as a more anonymous or privacy-oriented digital cash.
Monero is considered more of a privacy token and allows cyber criminals greater freedom from some of the tracking tools and mechanisms that the bitcoin blockchain offers.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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August 07, 2021, 03:52:51 PM
 #42

Monero is a digital currency that can be used to send or receive payments. Also, like Bitcoin, Monero is built on blockchain technology. But unlike Bitcoin, Monero uses the CryptoNote algorithm - this is what makes it so unique.
In Monero transactions, the identity of the sender and receiver is 100% confidential. In addition, Monero transactions cannot be linked to each other and cannot be traced to the origin of the transaction.

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August 07, 2021, 04:01:35 PM
 #43

Everybody knows that Monero is claimed to be the only anonymous coin, but even it can't guarantee complete privacy. For example, if there was not enough time (less than 20 minutes) between your transactions of buying and selling, your wallet can be revealed.

Personally I don't use Monero, because now I don't really need a lot of privacy, I don't need to hide or launder my money.

Sure, you can apply all kinds of different statistical parameters to detect connections between wallets. Output sizes and so on, but as you say timing is very relevant, but that also applies to mixers for Ethereum or Bitcoin. That is why mixing service providers usually recommend to wait even up to 24 hours if possible. I guess that is where many users think that they can go for shortcuts and 3 hours are also fine, but it is in fact not. You really need to be a patient individual to ensure that you've put the most effort possible into keeping your actions on the blockchain private.
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August 07, 2021, 04:47:11 PM
 #44

Monero can be tracked, I use 0xMonero. They are releasing a casino next week called mixercasino dot com. It includes coin mixing and a token bridge.
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August 07, 2021, 07:55:24 PM
 #45

Monero can be tracked, I use 0xMonero. They are releasing a casino next week called mixercasino dot com. It includes coin mixing and a token bridge.

you still spreading the same fud huh
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August 13, 2021, 07:01:43 PM
 #46

The government goes against everything that takes away power from them. For example, it is very noticeable in China where the government restricts mining and close different exchanges like Binance, so it is quite possible that Monero will be delisted from exchanges, so people will not be able to use it easily, on the other hand authorities can’t stop smart-contract, so people who really need anonymity will find ways to use it. To support this, have you heard that the founder of Monero has been arrested recently? Authorities can’t put up with this private currency!
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