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

[jwinterm]

Fuck binance and good riddance, that is all.

While you're fucking binanace don't forget to fuck the system too
https://www.activism.net/cypherpunk/manifesto.html

[mullick]

Honestly the Binance delisting might be a good thing.

We will know if they were solvent and if so, big win

We will also know if they weren't as they will have to buy it back on the market to fulfill withdrawals. Still a win

[aTriz]

While nothing new for the hardcore users & enthusiasts around Monero, our team has written up a summary of the debate about the pending delisting from large exchanges such as Binance 

https://bitcoinvn.io/news/binance-delists-monero/

This didn't age well lol. Binance is actually delisting Monero.

but I am pretty optimistic about that. I think Menoro is better without Centralized exchanges. If team behind monero stay strong. they'll recover from this unfortunate time sooner or latter. but they will.

[Oakey22]

While nothing new for the hardcore users & enthusiasts around Monero, our team has written up a summary of the debate about the pending delisting from large exchanges such as Binance 

https://bitcoinvn.io/news/binance-delists-monero/

This didn't age well lol. Binance is actually delisting Monero.

but I am pretty optimistic about that. I think Menoro is better without Centralized exchanges. If team behind monero stay strong. they'll recover from this unfortunate time sooner or latter. but they will.

This may be the downturn on monero unfortunately, people need to be able to exchange this to make it viable.

[Hueristic]

This may be the downturn on monero unfortunately, people need to be able to exchange this to make it viable.

Just the dumb fucks and who needs them anyway.

[elrippos friend]

POLONIEX sucks heavily! It took me 3 months to get my funds from POLONIEX  In the future i will use BISQ, EXCH, Localmonero -> period 

[Hueristic]

POLONIEX sucks heavily! It took me 3 months to get my funds from POLONIEX  In the future i will use BISQ, EXCH, Localmonero -> period 

I tried to fight them after Square bought them and stole my coins but I couldn't get the district attorney to do anything, they are a wholly owned subsidiary of the Goldman ballsack cabal.

[d5000]

Theory: now that Binance has delisted Monero, XMR price will slowly recover.

My impression is that it was Binance customers unable or unwilling to withdraw (and thus having sold their XMR) and/or panic selling on other CEXes what drove the price down, not a general change in the demand/supply equation. If you look at Exch for example, the demand for XMR there is so high that they charge 5% fees for several weeks now, but they have stated that their reserves still get exhausted fastly.

The dump on February 19 should have been the last significant one, caused probably by the last wave or Binance customers having sold their XMR.

[Mek]

I think so too, but IMHO it will take long to recover.
It is one of the few coins that actually have a usage for the long term. An unrecognized gem among all the sh1tcoins and tokens that appear daily. However, it doesn't have such strong marketing. Maybe, when CBDCs come around and people realize that coins with public ledgers such as BTC and ETH can be tracked, that will be the time for Monero to step up.

[Moreno233]

Theory: now that Binance has delisted Monero, XMR price will slowly recover.

My impression is that it was Binance customers unable or unwilling to withdraw (and thus having sold their XMR) and/or panic selling on other CEXes what drove the price down, not a general change in the demand/supply equation. If you look at Exch for example, the demand for XMR there is so high that they charge 5% fees for several weeks now, but they have stated that their reserves still get exhausted fastly.

The dump on February 19 should have been the last significant one, caused probably by the last wave or Binance customers having sold their XMR.

It is obvious the fight against privacy is bigger than we thought and it is not looking like it will stop anytime soon. I never expected that the authorities will look in the direction of Monero because I felt they will stop at mixers. Binance seems to be easily shaken by the authority hence their decision to delist XMR. Other CEX will follow this direction in less than no time.

It will really take some time for the price to recover because the dump has distorted the balance in demand and supply mechanism. But with time, it will and it is unnecessary to be worried about the dump.

[d5000]

I think so too, but IMHO it will take long to recover.[...]
Maybe, when CBDCs come around and people realize that coins with public ledgers such as BTC and ETH can be tracked, that will be the time for Monero to step up.

I'm actually a bit more optimistic about the timeframe, although I agree the recovery will be slow and gradual.
First, a new equilibrium has to be found. XMR is still in the process of "finding the bottom", although the probability is very high it is already "in". Only if the crypto market is shaken by some external effect I consider sub-100$ prices possible. The most likely evolution is that it will hover around $120 for a while.
The second phase is when slowly new capital trickles in as people see the low prices as an opportunity. This will occur slower than with most other coins, due to the speculative altcoin investor being still in shock, and Binance not more available as a platform (there's still Kraken though, among the big exchanges).
But I believe this second phase can already drive XMR above $150 again in a few weeks.

What you write about CBDCs and a general increase of the level of conscience about Monero's usefulness is a long-term factor which makes it possible for XMR to reach a market cap at least similar to the coins of the "second tier" behind Bitcoin and Ethereum, like Solana, Avalanche or Doge. I don't see that this year though. More likely in 2025-27.

[elrippos friend]

Theory: now that Binance has delisted Monero, XMR price will slowly recover.

My impression is that it was Binance customers unable or unwilling to withdraw (and thus having sold their XMR) and/or panic selling on other CEXes what drove the price down, not a general change in the demand/supply equation. If you look at Exch for example, the demand for XMR there is so high that they charge 5% fees for several weeks now, but they have stated that their reserves still get exhausted fastly.

The dump on February 19 should have been the last significant one, caused probably by the last wave or Binance customers having sold their XMR.

I do not think that this is a theory, i think this is what really happened. Let's see in mid of march where we stand 

[vokain]

I think Monero is a pretty good buy. It being delisted seems to be a testament to its value

[bitcoin talk]

From what I gathered it's best if you want privacy to set yourself up as a node is that right?
Does the node have to be operating all the time if you set one up on your computer?
Can you just switch it on when you need to send/receive and then switch it back off easily?
Does it take up a lot of space of resources back and forth?


You don't have to have a node because the official site says

"running the official Monero GUI, it will prompt you to run the daemon locally by default. This is the same as running a full node."

Bit confused which way I should go? If Monero GUI alone will give me same same privacy as node then why bother with node?

[jwinterm]

From what I gathered it's best if you want privacy to set yourself up as a node is that right?
Does the node have to be operating all the time if you set one up on your computer?
Can you just switch it on when you need to send/receive and then switch it back off easily?
Does it take up a lot of space of resources back and forth?


You don't have to have a node because the official site says

"running the official Monero GUI, it will prompt you to run the daemon locally by default. This is the same as running a full node."

Bit confused which way I should go? If Monero GUI alone will give me same same privacy as node then why bother with node?

You can get pretty good (almost certainly good enough) privacy without running a node, just using feather wallet (or another) and connecting to a node over tor.

If you do run your own node, you can just turn it on as necessary, but it might take significant time to sync depending on your CPU and Internet. Running your own node is best for privacy, and if you do leave it on it helps strengthen the network.

[bitcoin talk]

You can get pretty good (almost certainly good enough) privacy without running a node, just using feather wallet (or another) and connecting to a node over tor.

Wouldn't the same apply for Exodus or Electrum over tor?

If you do run your own node, you can just turn it on as necessary, but it might take significant time to sync depending on your CPU and Internet.

Do I have any say whether I want it to sync or not?

 

Running your own node is best for privacy, and if you do leave it on it helps strengthen the network.

  If I decide to leave it on 24/7 is that with or without tor?

[jwinterm]

You can get pretty good (almost certainly good enough) privacy without running a node, just using feather wallet (or another) and connecting to a node over tor.

Wouldn't the same apply for Exodus or Electrum over tor?

If you do run your own node, you can just turn it on as necessary, but it might take significant time to sync depending on your CPU and Internet.

Do I have any say whether I want it to sync or not?

 

Running your own node is best for privacy, and if you do leave it on it helps strengthen the network.

  If I decide to leave it on 24/7 is that with or without tor?

Re: exodus or electrum - yes but no. For electrum versus feather, xmr offers a lot of inherent privacy features compared to btc. For exodus theoretically I guess using xmr with tor proxy or whatever is same maybe, but exodus is a closed source wallet so you really can't know what's going on in there.

It syncs when you turn it on. It's not really a big deal, takes a few min to few hours. If you leave computer on with node running it stays synced.

You can direct network/block traffic and/or wallet/tx traffic over tor. I think commonly blocks are handled over clear net and txs broadcast via tor.

[bitcoin talk]

Does monero node take up a lot of space on hard disk?

[barto123]

Does monero node take up a lot of space on hard disk?

Not a real lot. Currently ~64GB

Expecting this to climb though, I feel a huge wave of adoption could be on the horizon.

From what I can understand, Monero has dynamic block sizes so it'll only take up as much space as it needs to.

[Hueristic]

https://blog.bitfinex.com/education/the-fortunes-of-monero/

In the shadow of the delisting, an interesting phenomenon has emerged within the Monero community. Rather than viewing this event with disdain, the community has embraced it as an opportunity to emphasise and celebrate Monero’s true purpose: facilitating private peer-to-peer transactions. Monero proponents claim that Monero successfully delisted Binance, not the other way around. This reaction underscores a profound commitment to uncompromising privacy, resilience, and antifragility, qualities that are deeply embedded in the ethos of Monero’s supporters. The delisting event has, paradoxically, served to reinforce the community’s dedication to privacy and financial sovereignty, principles that Monero stands for.