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

[dragonvslinux]

Buckle up people, XMR is leaving the launchpad, breaking resistance against FIAT and BTC.

The more I've seen this in the recent days and weeks, the more I think this price move is related to:
https://www.cnet.com/news/us-largest-dark-web-market-bust-seizes-6-5-million-from-179-drug-dealers/

The general "theory" is that Tor was exploited, but instead they talk about tracing Bitcoin transactions. I'd put money on the fact they successfully analysed BTC transaction, whether through mixers (that have proven to be flawed), then easily associated these transactions to exchange withdrawals, debit card uses etc.
Seems like drug lords are learning to launder their money properly again, in a secure manner.

[explorer]

Buckle up people, XMR is leaving the launchpad, breaking resistance against FIAT and BTC.

The more I've seen this in the recent days and weeks, the more I think this price move is related to:
https://www.cnet.com/news/us-largest-dark-web-market-bust-seizes-6-5-million-from-179-drug-dealers/

The general "theory" is that Tor was exploited, but instead they talk about tracing Bitcoin transactions. I'd put money on the fact they successfully analysed BTC transaction, whether through mixers (that have proven to be flawed), then easily associated these transactions to exchange withdrawals, debit card uses etc.
Seems like drug lords are learning to launder their money properly again, in a secure manner.

Add in ever increasing scarcity for an explosive mix...  Reminds me of the $1.xx range, where it was just becoming impossible to short it into the ground anymore.

[nullius]

Seems like drug lords are learning to launder their money properly again, in a secure manner.

Enough brainlaundering about so-called “money laundering”.  Anyway, using anonymous digital currency is not “money laundering” at all!

For a drug dealer, the whole point of “money laundering” is not merely to conceal the source of funds, but rather, to fake the source of funds so that he can file his taxes (unlike Al Capone), have money in the bank, and buy a Lambo without getting in trouble.

Bitcoin mixers, CoinJoin, onion-routed Lightning, and of course, XMR are all almost approximately useless for that!


If you have truly anonymous digital currency, and you cannot document the source of funds, that is pretty much equivalent to having a big ol’ duffel bag full of cash that you just “found”, um, somewhere.

That may or may not be acceptable to you, if you don’t actually do anything illegal.  I myself love cash (or I did, before I spent it all on anonymously purchased Bitcoin...).  To sane people, there is nothing wrong with having a bag of cash; indeed, perfectly law-abiding old folks who wisely distrusted banks used to keep their life savings “under the mattress” (figuratively—I hope not literally).

I don’t do drugs; I have never bought anything off the “darkweb”; I just want privacy, because it is my right to keep my money stuffed under my virtual mattress!

But this world is not sane.  To the “AML” tyrants, untraceable funds are ipso facto “guilty till proven innocent”.  And for a drug dealer, using anonymous money without a means to fake a “clean” source of funds is suicidal—because a drug dealer really does have “something to hide”.

[Iamtutut]

Buckle up people, XMR is leaving the launchpad, breaking resistance against FIAT and BTC.

The more I've seen this in the recent days and weeks, the more I think this price move is related to:
https://www.cnet.com/news/us-largest-dark-web-market-bust-seizes-6-5-million-from-179-drug-dealers/

The general "theory" is that Tor was exploited, but instead they talk about tracing Bitcoin transactions. I'd put money on the fact they successfully analysed BTC transaction, whether through mixers (that have proven to be flawed), then easily associated these transactions to exchange withdrawals, debit card uses etc.
Seems like drug lords are learning to launder their money properly again, in a secure manner.

Could be indeed.

I prefer to think common people are starting to protect their privacy. May be it's just wishfull thinking.

[podpod]

Buckle up people, XMR is leaving the launchpad, breaking resistance against FIAT and BTC.

The more I've seen this in the recent days and weeks, the more I think this price move is related to:
https://www.cnet.com/news/us-largest-dark-web-market-bust-seizes-6-5-million-from-179-drug-dealers/

The general "theory" is that Tor was exploited, but instead they talk about tracing Bitcoin transactions. I'd put money on the fact they successfully analysed BTC transaction, whether through mixers (that have proven to be flawed), then easily associated these transactions to exchange withdrawals, debit card uses etc.
Seems like drug lords are learning to launder their money properly again, in a secure manner.

Thank goodness drug dealers have never used cash to trade and they dont have bank accounts.....

[Iamtutut]

Buckle up people, XMR is leaving the launchpad, breaking resistance against FIAT and BTC.

Well, it happened.

Hashrate going over the roof, 2.3GH/s it's crazy !!

[dEBRUYNE]

CLI & GUI v0.17.1.0 'Oxygen Orion' released!

https://www.reddit.com/r/Monero/comments/jb0vo9/cli_gui_v01710_oxygen_orion_released/

[M.Antonio]

why i cant withdraw monero from binance ?

[dEBRUYNE]

why i cant withdraw monero from binance ?

What kind of error message is displayed?

[M.Antonio]

why i cant withdraw monero from binance ?

What kind of error message is displayed?

Rejected

i try send from binance to my coinomi

[dEBRUYNE]

why i cant withdraw monero from binance ?

What kind of error message is displayed?

Rejected

i try send from binance to my coinomi

Can you verify the address on this website?

https://xmr.llcoins.net/addresstests.html

It was made by core-team member luigi1111. Basically, you need to enter the address in box '8. Public Address:'

Subsequently, press the 'Check Address' button.

[Hueristic]

As we watch the tree get shaken and the soft troll fud warnings pile in let us not forget this.


https://www.youtube.com/watch?v=-q9upPs6-Ms&feature=youtu.be

I prefer to think common people are starting to protect their privacy. May be it's just wishfull thinking.

^^^
Not just the common people.

[explorer]

As we watch the tree get shaken and the soft troll fud warnings pile in let us not forget this.


https://www.youtube.com/watch?v=-q9upPs6-Ms&feature=youtu.be

I prefer to think common people are starting to protect their privacy. May be it's just wishfull thinking.

^^^
Not just the common people.

We uncommoners have been here for 6+ years 

[owlcatz]

We uncommoners have been here for 6+ years 

Same here, but damn.... I can't believe this was my first forum post. Not even about btc, but XMR! I made my account in april that year I believe, so I had been already lurking for a couple months LOL. 

weird, for some reason on the wallet page it says disabled and the link is removed to the market. no way to withdraw though, just buy/sell..

[nullius]

I prefer to think common people are starting to protect their privacy. May be it's just wishfull thinking.

^^^
Not just the common people.

We uncommoners have been here for 6+ years  

I myself refused to touch XMR until it had both CT and minimum ring sizes.  I don’t think that it was a worthwhile privacy coin before 2017, at the earliest.  Bigger ring sizes, and better selection of mixins, have been only some of the important changes since then, in terms of privacy.  (Bulletproofs and RandomX are important for other reasons.)

This is not to express negativity toward Monero, but rather, to say:  Never stop improving!  MRL’s work is an important part of the Monero value proposition.  A better solution to the coin merge problem would be excellent; I think that it would go a long way toward preventing probabilistic clustering, à la CipherTrace.

My perspective:  I lost out big time by avoiding Bitcoin for years, due to its abject lack of privacy.

I can't believe this was my first forum post. Not even about btc, but XMR! I made my account in april that year I believe, so I had been already lurking for a couple months LOL.  

weird, for some reason on the wallet page it says disabled and the link is removed to the market. no way to withdraw though, just buy/sell..

Congrats.  Your permanent blockchain records are probably at least a little bit less revealing than most people’s. ;-)

Rejected

i try send from binance to my coinomi

:-/

Edit 2020-10-17:  Correction for reasons stated here (but Coinomi is still not recommended).

From centralized exchange...
...to centralized exchange.

Not your keys, not your coins—and you have no privacy!

I do hope that you get “your” Binance’s money “back”, if they will be so magnanimous as to let you have it.  Please try keeping it in your own wallet.

[owlcatz]

I myself refused to touch XMR until it had both CT and minimum ring sizes.  I don’t think that it was a worthwhile privacy coin before 2017, at the earliest.  Bigger ring sizes, and better selection of mixins, have been only some of the important changes since then, in terms of privacy.  (Bulletproofs and RandomX are important for other reasons.)

This is not to express negativity toward Monero, but rather, to say:  Never stop improving!  MRL’s work is an important part of the Monero value proposition.  A better solution to the coin merge problem would be excellent; I think that it would go a long way toward preventing probabilistic clustering, à la CipherTrace.

My perspective:  I lost out big time by avoiding Bitcoin for years, due to its abject lack of privacy.

I can't believe this was my first forum post. Not even about btc, but XMR! I made my account in april that year I believe, so I had been already lurking for a couple months LOL.  

weird, for some reason on the wallet page it says disabled and the link is removed to the market. no way to withdraw though, just buy/sell..

Congrats.  Your permanent blockchain records are probably at least a little bit less revealing than most people’s. ;-)

yeah, but I don't really care. I pay my taxes.

I got into Monero because the code is solid and I was new and looking at future alternatives, also a friend who was better at code than I tipped me off that it would be a great coin someday. I guess I lucked out, but hey, timing is everything as well, so I could have done a lot better LOL. Dont ever feel bad about missing out - I've lost a Gold Cas coin worth 14k at the time due to sloppy packaging, also a copy paste virus that scammed me a few thousand a few weeks later, so I know what real loss feels like, trust me there!  

BTW. good to see you here, been a while, hope you are well.

[Bigger By The Day]

coinomi XMR i think is not centralized    

coinomi  XMR privacy ?

[bitebits]

https://xmr.noctism.com/

‘Network Upgrade’ (hard fork) successful!

[scolary23]

https://xmr.noctism.com/

‘Network Upgrade’ (hard fork) successful!

Well, such positive news will attract and nudge new members who appreciate the privacy that Monero provides. Moreover, the work done was not in vain, in particular, it was shown by the successful launch of hard fork.

[Hueristic]

What the fuck is this bullshit FUD???

https://en.wikipedia.org/wiki/Monero_(cryptocurrency)

Due to its privacy features, Monero experienced rapid growth in market capitalization and transaction volume during 2016, faster and bigger than any other cryptocurrency that year. This growth was driven by its uptake in the darknet market, where people used it to buy stolen credit cards, guns, and drugs.[3] Two major darknet markets were shut down in July 2017 by law enforcement.[6] From the beginning, Monero has been used by people holding other cryptocurrencies like Bitcoin to break the link between transactions, with the other cryptocoins first converted to Monero, then after some delay converted back and sent to an address unrelated to those used before.

After many online payment platforms shut down access for white nationalists following the Unite the Right rally in 2017, some of them, including Christopher Cantwell and Andrew Auernheimer ("weev"), started using and promoting Monero.[8][9]

The operators behind the May 2017 global ransomware incident WannaCry converted their proceeds into Monero.[2] In June, The Shadow Brokers, the group that leaked the code used in WannaCry, started accepting payments in Monero.[2]

Looks like Wiki is being used to rewrite history with a pretty obvious spin.

See also

    Crypto-anarchism
    Darknet
    Darknet market

Well looks like there needs to be a move to fix this shit.