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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4666828 times)
Mek
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February 22, 2024, 02:38:43 PM
Merited by d5000 (1)
 #42421

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.

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Moreno233
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February 23, 2024, 11:24:18 AM
 #42422

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.

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February 23, 2024, 04:03:51 PM
 #42423

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.

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elrippos friend
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February 25, 2024, 10:47:49 AM
Merited by Hueristic (1)
 #42424

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  Grin Wink

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February 29, 2024, 03:17:32 PM
 #42425

I think Monero is a pretty good buy. It being delisted seems to be a testament to its value
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March 02, 2024, 05:03:31 AM
Last edit: March 02, 2024, 05:14:19 AM by bitcoin talk
 #42426

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
Quote
"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?

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March 02, 2024, 09:24:23 AM
 #42427

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
Quote
"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.
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March 03, 2024, 01:48:07 AM
 #42428

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?

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March 03, 2024, 02:25:18 AM
 #42429

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.
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March 07, 2024, 02:28:31 AM
 #42430

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

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March 07, 2024, 03:19:54 AM
 #42431

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.

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March 15, 2024, 02:09:21 PM
Merited by jwinterm (11)
 #42432

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

Quote
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.

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March 20, 2024, 05:46:52 PM
 #42433

Welcome to new pool: https://aikapool.com/xmr

PROP, SOLO, GROUP - 1% fee


http://aikapool.com - pool for a good mining!
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March 24, 2024, 12:14:56 PM
Merited by Hueristic (1)
 #42434

Welcome to new pool:

PROP, SOLO, GROUP - 1% fee



I advise everyone to stay away from your pool.

You have no reputation in the XMR community, and for other coins, the few things I've found with a quick Google search are not giving me confidence to use your services. For example:

https://www.reddit.com/r/dogemining/comments/ms5pke/dont_use_aikapoolcom/

Quote
Hi, the pool in question is a scam, and even I took the miner's device out of the pool and turned it off. The amount of my account income decreases every moment. I need to know that all the users of this pool are unreal.
Quote
i mined 3 days on aikapool , i can see my shares but no confirmed balance , tried to contact them but never could send an email ... so disappointing

Many others but too lazy to continue to quote them.
Some comments were posted 3 years ago, some 1 year ago, so either your are just a scam, or you are honnest but inefficient to propose mining pool services.

This is probably why all your pools have 1 or 0 active workers: https://aikapool.com/

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