[XMR] Monero - A secure, private, untraceable cryptocurrency

[Sancho18]

And I like my favorite T-shirt "Don't Buy Monero, It's Bad For Banks".  

I hope the upcoming planned hardfork will be successful. I keep a few coins in a paper wallet and glad that no extra effort will be required.

All the other upgrades have been successful so there is no reason this one won't be as well.

This is true, but with the previous hardfork, a noticeable drawdown of the hashrate was observed, and several alternative chains appeared at once, though they seem to have come to naught over time. I hope this time this does not happen or the decrease in hashrate will be smaller.

ps Sorry, I’m embarrassed to upload personal photos to reduce the risk of de-anonymization. I ordered the print myself, inspired by this. But of course you can not believe me, it is your right.

[1610941866]

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[CryptTech]

If you want see Monero on BattleHashes game, vote for it https://battlehashes.com/votes

[taibas]

If you want see Monero on BattleHashes game, vote for it https://battlehashes.com/votes

Looked at this vote. At the moment, you can make Monero the winner for 10 Dogecoins.
Zcoin now has 37% and only 6 dogeokin have voted. I understand that the competition will last a long time. But for now, you can win for just a penny.

[Andretti83]

Talking about "Korea banning anon crypto". I won't name exchange, so it won't look like adv, but there is s. Korea exchange (with coingecko reported 24 h volume of more than $10 M, and that after taking possible fake volume into account, and more $100 M 24 h raw volume) that list anon (cryptonote) coins like crazy in last weeks. Sometimes it is literally one new anon coin a day.

So news about Korea banning anon coins might be a little exaggerated.

[Zonton]

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

[Andretti83]

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

Lol. I honestly don't think there a couple, if any, meaningful characteristics where Dash is better than Monero. And even if there is couple of them, Monero is still better where it really matters for crypto project.

[dEBRUYNE]

Talking about "Korea banning anon crypto". I won't name exchange, so it won't look like adv, but there is s. Korea exchange (with coingecko reported 24 h volume of more than $10 M, and that after taking possible fake volume into account, and more $100 M 24 h raw volume) that list anon (cryptonote) coins like crazy in last weeks. Sometimes it is literally one new anon coin a day.

So news about Korea banning anon coins might be a little exaggerated.

There is no Korea ban, see my comment below (especially bolded part). Additionally, Bithumb (a Korean exchange) as well as Huobi Korea still have Monero listed.

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

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:

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

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:

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=1y0YeTLbYE

[Zonton]

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

Lol. I honestly don't think there a couple, if any, meaningful characteristics where Dash is better than Monero. And even if there is couple of them, Monero is still better where it really matters for crypto project.

You wrote so many words, but you didn’t provide information on how the Moner is better than Dash. These are empty words.

[Sancho18]

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

I will not tell you why Monero is better, but I will say why Dash is worse. Dash has a premine of about 80%, a less fair distribution of coins than Monero. Monero is true, Dash is shit.

[NeuroticFish]

You wrote so many words, but you didn’t provide information on how the Moner is better than Dash. These are empty words.

Simply put, because of the masternodes, where they are hosted and what they can do internally, Dash is not as decentralized as Monero and, at least in theory, can be less anonymous too.
Wasn't this discussed over and over again? There are also other points like Dash premine, but I let you search (if you want to do so).


The only strong point of Dash is its marketing.

[Globb0]

Dark coin

[taibas]

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

I will not tell you why Monero is better, but I will say why Dash is worse. Dash has a premine of about 80%, a less fair distribution of coins than Monero. Monero is true, Dash is shit.

Yes, 80% of the pre-mine makes us many people don't have a very good opinion towards the Dash and whereas Monroe is completely decentralized and transparent, which we might see complete developments from the team that's why the value will tickle when the market is in an upward trend.

But guys, what's new with Monero? Fork and switch to a new algorithm in the coming months. Dash has a lot of technical solutions (which I don’t understand), if you go to our roadmap, you can see all of their developments.
Monero is more decentralized and anonymous. Dash is more technical.

[Sancho18]

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

I will not tell you why Monero is better, but I will say why Dash is worse. Dash has a premine of about 80%, a less fair distribution of coins than Monero. Monero is true, Dash is shit.

Yes, 80% of the pre-mine makes us many people don't have a very good opinion towards the Dash and whereas Monroe is completely decentralized and transparent, which we might see complete developments from the team that's why the value will tickle when the market is in an upward trend.

But guys, what's new with Monero? Fork and switch to a new algorithm in the coming months. Dash has a lot of technical solutions (which I don’t understand), if you go to our roadmap, you can see all of their developments.
Monero is more decentralized and anonymous. Dash is more technical.

Ha-ha, if you don't understand - don't even start. Monero's code is very progressive (take at least the implementation of bullet proof or Ledger integration), and all that Dash has from "more technical" is tales about Evolution since 2016. 

[jwinterm]

Neat new service from the boys at local Monero:
https://www.reddit.com/r/Monero/comments/dbayyt/from_the_creators_of_localmonero_agoradesk_an

[7jaka7]

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

I will not tell you why Monero is better, but I will say why Dash is worse. Dash has a premine of about 80%, a less fair distribution of coins than Monero. Monero is true, Dash is shit.

Yes, 80% of the pre-mine makes us many people don't have a very good opinion towards the Dash and whereas Monroe is completely decentralized and transparent, which we might see complete developments from the team that's why the value will tickle when the market is in an upward trend.

But guys, what's new with Monero? Fork and switch to a new algorithm in the coming months. Dash has a lot of technical solutions (which I don’t understand), if you go to our roadmap, you can see all of their developments.
Monero is more decentralized and anonymous. Dash is more technical.

Really?

Dash has a lot of technical solutions (which I don’t understand), if you go to our roadmap, you can see all of their developments.

==
DASH has more people (possibly even paid) who highlight every small achievement which is made. And they need to take this information to most people possible.
I just hope you're aware of that.

What does

Dash is more technical.

this even mean?

[Zonton]

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

I will not tell you why Monero is better, but I will say why Dash is worse. Dash has a premine of about 80%, a less fair distribution of coins than Monero. Monero is true, Dash is shit.

I don’t know any info about pre-mine conditions, but Monero is using in Darknet, is it good?

[Globb0]

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

I will not tell you why Monero is better, but I will say why Dash is worse. Dash has a premine of about 80%, a less fair distribution of coins than Monero. Monero is true, Dash is shit.

I don’t know any info about pre-mine conditions, but Monero is using in Darknet, is it good?

You do now. Don't ask and then say I haven't been told to the answer.

[casplend]

wow, the coin jumped up, hope this is just the beginning

[Chiyoko]

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

I will not tell you why Monero is better, but I will say why Dash is worse. Dash has a premine of about 80%, a less fair distribution of coins than Monero. Monero is true, Dash is shit.

I don’t know any info about pre-mine conditions, but Monero is using in Darknet, is it good?

as long as transactions is untracesable nothing is bad. dont be  affraid about dark net .

[Hueristic]

This is true, but with the previous hardfork, a noticeable drawdown of the hashrate was observed, and several alternative chains appeared at once, though they seem to have come to naught over time. I hope this time this does not happen or the decrease in hashrate will be smaller.

ps Sorry, I’m embarrassed to upload personal photos to reduce the risk of de-anonymization. I ordered the print myself, inspired by this. But of course you can not believe me, it is your right.

NP with the pics, I was kidding woith you.

AFA the hash drawdown, that has been intentional and expected!  

It's been to fork off the ASICS.

Monero and Dash are decentralized cryptocurrencies. Why Monero is better then Dash?

I will not tell you why Monero is better, but I will say why Dash is worse. Dash has a premine of about 80%, a less fair distribution of coins than Monero. Monero is true, Dash is shit.

Yes, 80% of the pre-mine makes us many people don't have a very good opinion towards the Dash and whereas Monroe is completely decentralized and transparent, which we might see complete developments from the team that's why the value will tickle when the market is in an upward trend.

But guys, what's new with Monero? Fork and switch to a new algorithm in the coming months. Dash has a lot of technical solutions (which I don’t understand), if you go to our roadmap, you can see all of their developments.
Monero is more decentralized and anonymous. Dash is more technical.

Really?

Dash has a lot of technical solutions (which I don’t understand), if you go to our roadmap, you can see all of their developments.

==
DASH has more people (possibly even paid) who highlight every small achievement which is made. And they need to take this information to most people possible.
I just hope you're aware of that.

What does

Dash is more technical.

this even mean?

IOU  +sM