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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4664568 times)
Globb0
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September 22, 2019, 08:38:46 PM
 #41021

Are these guys burning coins when they delist? or stealing them?
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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BITCOINET.NET
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Buy and sell Bitcoin >> Rate : 3%


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September 22, 2019, 09:38:04 PM
 #41022

OKEX Korea Drops 5 Privacy Cryptocurrencies Citing FATF Rules

The South Korean arm of the Malta-based OKEX exchange announced early on Monday that it is to delist five cryptocurrencies that provide extra privacy features for users. From Oct. 10, the exchange will no longer support trading in Monero (XMR), dash, zcash (ZEC), horizen (ZEN) and super bitcoin (SBTC).

https://www.coindesk.com/okex-korea-drops-5-privacy-coins-citing-fatf-rules

Alot of these coins are traded on P2P exchanges too and these decisions are not affected the price of monero.

I am buying and selling any amount of Bitcoin , Bitcoincash,Monero,dash,Litecoin Ethereum . Rate +or - 3%
hd49728
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September 22, 2019, 11:00:22 PM
 #41023

Alot of these coins are traded on P2P exchanges too and these decisions are not affected the price of monero.
I don't deny the fact that elisting news on privacy coins seriously affected price of Monero months ago, but the effects has likely stopped, and recent months such news did not force the price of Monero falling down more. I don't think such things will have more serious effects in the long run,  because even bitcoin has hundreds of fraud accusations, and FUDs over years, but it has still been here and even grown steadily and widely over time. I believe that Monero might adapt and grow in the same path of bitcoin.
If there are still good demands on privacy and privacy coins, Monero will still be here because it is a leader of privacy coin ecosystem, so far.

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EastSound
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September 22, 2019, 11:43:13 PM
 #41024

coinbase UK
https://www.crowdfundinsider.com/2019/08/150490-coinbase-uk-delisting-privacy-coin-zcash/

Its not just S.Korean exchanges probably a plot, since some big companies invested in VC coins are coming to the competition.
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September 23, 2019, 12:11:06 AM
 #41025

Upbit delisted Monero(XMR), Dash(DASH), ZCASH(ZEC), Haven(XHV), BitTube(TUBE), PIVX(PIVX) as well end of september which means companies and institution under regulation can't service anonymous cryptocurrencies. If the trends will keep then during the next bubble will be hard to increase price significantly. Maybe some institution don't want to have anonymous coins due to lack of control the customers.

Pasting my reddit comment:



The FATF guidance does not even prevent privacy coins from being listed on an exchange, as long as the exchange enforces KYC/AML for the users. I ascribe the recent events to an overzealous and erroneous interpretation of the guidance by the compliance department of the exchange in question. It further should be noted that, for instance, Binance and Kraken still cater to Korean users. Additionally, see a relevant comment of mine below:



My response to the following article: OKEx Korea delisting all privacy coins, including Monero, Zcash and Dash, as these ‘violate’ FATF’s 'travel rule' - The Block



Quote
as these ‘violate’ FATF’s 'travel rule'

I don't think this is the case actually. As long as they enforce KYC/AML for each account, they should be able to tie deposits and withdrawals to a certain person. In addition, they can send this information to another service (which is essentially what the travel rule is about) in case a direct withdrawal (i.e. a withdrawal to another service) is made.

People should also bear in mind that FATF merely makes recommendations:

Quote
Importantly, FATF doesn't have *any* regulatory authority of its own. FATF makes recommendations, not laws.

Member countries can adopt all, some, or none of FATF's recommendations. There are basically no repercussions for not adopting (or for violating) FATF recommendations.

The U.S. based exchanges will most likely follow FinCEN's guidance

Quote
As you might expect, the United States doesn't really like having its regulatory policy dictated to it by other countries.

FinCEN (the US regulator in charge of AML/CFT regulation) certainly does consider FATF's recommendations, but rarely adopts them wholesale.

Which was positive for privacy coins:

Quote
People often like to purport that Monero will inevitably get banned. However, the new FinCEN guidance is basically inconsistent with that notion. From the CoinCenter article:

Section 4.5.3 states that exchanges are not per se banned from using privacy-preserving cryptocurrencies but will need to comply with the same BSA regulations they comply with for typical cryptocurrencies. We believe that this is possible. Exchanges need to know their customers but they do not have a black letter law requirement to know the customers of their customers. In other words, a bank needs to know who you are but they are not obligated to know the name and address of people that you pay using cash you withdraw from your account.

https://coincenter.org/entry/fincen-s-new-cryptocurrency-guidance-matches-coin-center-recommendations

The full twitter thread on FATF's guidance can be read here:

https://twitter.com/jchervinsky/status/1142578858589347840

EDIT: To add a few more things:

[1] Monero is private by default and optionally transparent. There are plenty of tools available in Monero that allow one to be compliant with an auditor.

https://monero.stackexchange.com/questions/tagged/auditing

[2] Tari Labs is working on an open source framework for listing Monero.

https://twitter.com/fluffypony/status/1172832896727638017

[3] CoinCenter confirmed in the MoneroKon regulatory panel that almost all exchanges are already mostly compliant with the FATF guidance (because they enforce KYC/AML for each user).

[4] Monero is listed on a lot of U.S. based regulated exchages, services, and OTC desks. I made an overview here:

https://np.reddit.com/r/xmrtrader/comments/c1zkfu/daily_discussion_tuesday_june_18th/ergqhzs/

[5] This only concerns *Korean* users of OKEx.



This subject was also extensively discussed in yesterday's Monero Coffee Chat. I highly recommend watching it:

https://www.youtube.com/watch?v=1y0YeTLbYEc


Thanks for all these links dEBRUYNE.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
Switchain
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September 23, 2019, 05:08:27 AM
 #41026

Check out this XMR wallet guide https://www.switchain.com/blog/best-monero-wallets-top-8-monero-wallets-2019/
XxXBigDickXxX
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September 23, 2019, 09:08:37 AM
 #41027

Hello Guys! I have a question! Do e need affraid of quantum PC? Will we protect our chain? Google did 53 qbit Pc!
jwinterm
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September 23, 2019, 02:36:50 PM
 #41028

Hello Guys! I have a question! Do e need affraid of quantum PC? Will we protect our chain? Google did 53 qbit Pc!

Lol 53 qubit personal computer
CryptTech
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September 23, 2019, 04:14:56 PM
 #41029

Why monero together with other anonymous coins try to remove from exchanges?

AllCrypt.Tech - News Cryptocurrency | ✅ BattleHashes.Com - Multiplayer gambling on blockchain | Discussion Thread BH: https://bitcointalk.org/index.php?topic=5188527.0
Hueristic
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September 23, 2019, 04:45:23 PM
 #41030


Why doesn't switchain list Monero?
Other than that nice article.

Hello Guys! I have a question! Do e need affraid of quantum PC? Will we protect our chain? Google did 53 qbit Pc!

What happen, did your other troll account get banned?

/ignored

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
dEBRUYNE
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September 23, 2019, 07:23:30 PM
 #41031

Preliminary information thread regarding the scheduled protocol upgrade of November 30

https://www.reddit.com/r/Monero/comments/d884zt/preliminary_information_thread_regarding_the/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
Zonton
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September 23, 2019, 07:39:40 PM
 #41032

I used to think that Monero is a unique cryptocurrency that has great potential and after a stunning pump in 2017, it will always remain popular, but now I began to doubt because the price of this coin has fallen very much along with the market.

Fatman3001
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September 23, 2019, 07:54:45 PM
 #41033


Just dropping by to check on this thing.

Is this coin still alive and well or does it have some terminal problem?

"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
Fatman3001
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September 23, 2019, 07:56:01 PM
 #41034

I used to think that Monero is a unique cryptocurrency that has great potential and after a stunning pump in 2017, it will always remain popular, but now I began to doubt because the price of this coin has fallen very much along with the market.

It's not too bad compared to other alts, but it does look a bit dead in the water.

"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
PRESDIR
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September 24, 2019, 11:18:21 AM
 #41035

I used to think that Monero is a unique cryptocurrency that has great potential and after a stunning pump in 2017, it will always remain popular, but now I began to doubt because the price of this coin has fallen very much along with the market.


I used to think like you, even had time to enjoy some monero results in the trading of glorious years
but still hope the events of two years ago can still be repeated.

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dEBRUYNE
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September 24, 2019, 11:25:07 AM
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 #41036


Just dropping by to check on this thing.

Is this coin still alive and well or does it have some terminal problem?


Alive and well I would say. Development of both the code and the ecosystem is progressing strongly. A nice overview can be found here:

https://revuo-monero.com/periodicals/periodical-3-2019.html

The weekly issues can be found on the website too:

https://revuo-monero.com/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
dEBRUYNE
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September 24, 2019, 11:26:37 AM
 #41037

I used to think that Monero is a unique cryptocurrency that has great potential and after a stunning pump in 2017, it will always remain popular, but now I began to doubt because the price of this coin has fallen very much along with the market.

From the top 20, Monero is one of the best performers year to date. That being said, it obviously got affected by the significant decline in the altcoin market.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
Fatman3001
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September 24, 2019, 03:03:22 PM
 #41038


Just dropping by to check on this thing.

Is this coin still alive and well or does it have some terminal problem?


Alive and well I would say. Development of both the code and the ecosystem is progressing strongly. A nice overview can be found here:

https://revuo-monero.com/periodicals/periodical-3-2019.html

The weekly issues can be found on the website too:

https://revuo-monero.com/

thx, dEBRUYNE

"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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September 24, 2019, 03:04:18 PM
 #41039


Just dropping by to check on this thing.

Is this coin still alive and well or does it have some terminal problem?


it was a shitcoin  Grin  reeeee

Monero is and remained in Top20 for many years, anyone calling alt like this a shitcoin isn't clever at all. So many private coins only dream about getting where Monero is.




I used to think that Monero is a unique cryptocurrency that has great potential and after a stunning pump in 2017, it will always remain popular, but now I began to doubt because the price of this coin has fallen very much along with the market.

I know, the price dropped against BTC a lot, so did the rest of the market. If you're holding XMR just to get rich quick, you simply have to wait a bit longer for the alt season. If you value your privacy, especially for your shopping, Monero is the right coin for you.
gembitz
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September 24, 2019, 04:57:35 PM
 #41040


Just dropping by to check on this thing.

Is this coin still alive and well or does it have some terminal problem?


it was a shitcoin  Grin  reeeee

Monero is and remained in Top20 for many years, anyone calling alt like this a shitcoin isn't clever at all. So many private coins only dream about getting where Monero is.


it's a CLONE of bytecoin...umm yes it's a living breathing shit-coin pumped by GOLDMAN SACHS bruh.  Cool  you new here?

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