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

[LiskKing]

I'm curious how a currency like XMR is allowed to trade on Polo. How can they comply with KYC and AML given the fundamentals of XMR?

Western union accepts cash.

Does XMR have scaling issure?

Theymos says it right. The idea is great, we all should have fungible coins and privacy, but the problem is the scaling of Monero is a mess, and Bitcoin can eventually become as private as money, rendering Monero pretty irrelevant at that point. We'll see how it goes, I wish I didn't sell my XMR last month, the price was stagnant and I lost hope.

This user says so?

[c789]

I'm curious how a currency like XMR is allowed to trade on Polo. How can they comply with KYC and AML given the fundamentals of XMR?

Western union accepts cash.

Does XMR have scaling issure?

Theymos says it right. The idea is great, we all should have fungible coins and privacy, but the problem is the scaling of Monero is a mess, and Bitcoin can eventually become as private as money, rendering Monero pretty irrelevant at that point. We'll see how it goes, I wish I didn't sell my XMR last month, the price was stagnant and I lost hope.

This user says so?

No, there's not a scaling issue. There may have been a long time ago, but not now: https://bitcointalk.org/index.php?topic=1594513.msg16022690#msg16022690

[LiskKing]

I'm curious how a currency like XMR is allowed to trade on Polo. How can they comply with KYC and AML given the fundamentals of XMR?

Western union accepts cash.

Does XMR have scaling issure?

Theymos says it right. The idea is great, we all should have fungible coins and privacy, but the problem is the scaling of Monero is a mess, and Bitcoin can eventually become as private as money, rendering Monero pretty irrelevant at that point. We'll see how it goes, I wish I didn't sell my XMR last month, the price was stagnant and I lost hope.

This user says so?

No, there's not a scaling issue. There may have been a long time ago, but not now: https://bitcointalk.org/index.php?topic=1594513.msg16022690#msg16022690

ah this user make for spreading LIE on monero...

[c789]

ah this user make for spreading LIE on monero...

Unfortunately there's a lot of that happening by FUDers right now due to the price rise. I suppose it's due to jealousy/envy, but who knows. Anyway, I recommend reading the first post of this thread. Also, take into account the major entities who endorse Monero either directly or by using it  (SIGAINT, darknet markets, etc.). Entities of that calibre wouldn't use Monero if it had problems and wasn't everything it's claimed to be.

[canth]

From the questions asked here, r/bitcoin could use some [constructive] education on Monero: https://www.reddit.com/r/Bitcoin/comments/4zb53t/how_is_monero_different_than_simply_using_a/

[LiskKing]

What makes XMR a "Store of Value" ? - my final question
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Here Roger Ver say he like XMR as well is this true or fake account? https://bitcointalk.org/index.php?topic=1595182.20

[bitebits]

I'm curious how a currency like XMR is allowed to trade on Polo. How can they comply with KYC and AML given the fundamentals of XMR?

Western union accepts cash.

Ba Dum Tss!
We live in a crazy world where financial privacy is considered a crime. Monero is a tiny voice against this truly absurd mantra.

[aminorex]

What makes XMR a "Store of Value" ? - my final question
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Here Roger Ver say he like XMR as well is this true or fake account? https://bitcointalk.org/index.php?topic=1595182.20

A store of value that can be stolen from you is no store of value.  Privacy is essential to self-defense against extortionists and thieves.

The supply policy of monero is crafted to assure the future operation of the mining network, while preventing supply inflation.  I have more confidence that monero can operate for 100 years than I do for any other crypto - bitcoin included, as it lacks a tail emission policy.

Ver has operated the MemoryDealers account since before I joined BTT.

[Anon136]

Do you think pump is over?

Fool. It's not a pump. the train has left. And I'm one of the fools left at the station.

It looks like you still have time to meet us at the next station if you take a taxi. Unfortunately taxis are much more expensive than trains but it will still get you there.

Did I take the analogies too far?

[LiskKing]

Official sold LISK for XMR. Hello Team!


will only 5000 XMR be ok for me? - or will i be a poor man in my future? what is a "good amount" of this coin to hold?

I will be still learning from all of you thank you!!!!!!!!!!!


How many people hold over 10K coin of this?

how many people hold 5k ? -- if you have to make guess? I know there is no richlist so if any veteran XMR member can give me opinion

[Dafar]

Anyone still buying XMR?

[birr]

Do you think pump is over?

Fool. It's not a pump. the train has left. And I'm one of the fools left at the station.

It looks like you still have time to meet us at the next station if you take a taxi. Unfortunately taxis are much more expensive than trains but it will still get you there.

Did I take the analogies too far?

In Ukraine, the trains are cheap and slow.
Bus tickets here cost more than train tickets and the buses move faster.
So a bus metaphor works, and ties in beautifully with other great bus methaphors, like
"Don't miss the bus" and
"You're either on the bus or off the bus."
All these bus sayings are à propos.

Okay, so it's actually "Don't miss the boat,"
but a guy's allowed a little poetic license

And by the way,
WE'RE GONNA NEED A BIGGER BOAT

[jwinterm]

* jwinterm throws birr under the bus

[DaveyJones]

Official sold LISK for XMR. Hello Team!


will only 5000 XMR be ok for me? - or will i be a poor man in my future? what is a "good amount" of this coin to hold?

I will be still learning from all of you thank you!!!!!!!!!!!


How many people hold over 10K coin of this?

how many people hold 5k ? -- if you have to make guess? I know there is no richlist so if any veteran XMR member can give me opinion

https://bitcointalk.org/index.php?topic=753252.20320 is the Speculation thread.

[Anon136]

Official sold LISK for XMR. Hello Team!


will only 5000 XMR be ok for me? - or will i be a poor man in my future? what is a "good amount" of this coin to hold?

I will be still learning from all of you thank you!!!!!!!!!!!


How many people hold over 10K coin of this?

how many people hold 5k ? -- if you have to make guess? I know there is no richlist so if any veteran XMR member can give me opinion

Well I'm not going to tell you how much I hold but here is a way to think about it. Bitcoin will top out at ~20 million and monero will top out at ~30 million. So if we normalized for percentage of total money supply what you have right now is a portion of the monero currency supply that would be the same as having 3333.33 bitcoin. Would you be happy with that amount of bitcoin?

[Hueristic]

FTFY!

Do you think pump is over?

Fool. It's not a pump. the train has left. And I'm one of the fools left at the station.

It looks like you still have time to meet us at the next station if you take a taxi. Unfortunately taxis are much more expensive than trains but it will still get you there.

Did I take the analogies too far?

LOL, spot on but it matters not as if it took one BTC to get around the world I've got myself so broke I can't afford to get outta sight!

[LiskKing]

I have hear there is something called"daughter chain" - what is this? - is XMR capable of this? ..how does it differ from a "sidechain"?

- Thank you very much.

[dEBRUYNE]

What makes XMR a "Store of Value" ? - my final question
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Here Roger Ver say he like XMR as well is this true or fake account? https://bitcointalk.org/index.php?topic=1595182.20

Ver has operated the MemoryDealers account since before I joined BTT.

From that thread:

Maybe he accumulate when the price was 0.003, now he has tripled the btc worth of holding. 

Maybe it was even earlier. 

You can thank Bitcoin Core for crippling Bitcoin's ability to scale for motivating me to take a look at alt coins.

Source: https://bitcointalk.org/index.php?topic=1595182.msg16023599#msg16023599

[aminorex]

Anyone still buying XMR?

I am trickle-buying the micro-dips.  I need to replace XMR wallets which I am giving to friends and family members to whom I owe a duty of service or compassion.  However, I will withhold from them each a single seed word, stored among my secure papers, to be delivered in the event of my death along with instructions not to sell below $75/XMR.  It seems like a good time to do this, because now they will appreciate that it has present value as well as future potential value, and delaying this is likely to result in greater costs.  Knowing that they have these funds (which the view key allows them to monitor) is likely to pique their interest in Monero in a way which my facts and logic can not - hopefully, to their benefit.

When I have finished that, I plan to make tax-deductible donations for the year, in the form of Monero wallets, to be delivered without restrictions on December 31st.  In this way I hope to provide a much larger sum to my favorite charities than I would have been able to provide in dollars.  Indeed, since they will not be delivered until nigh 2017, I may personally gain a large tax benefit from the timing, to offset gains on Monero which I retain.  I will have to review the apparent optionality with my tax accountant.

[XMRenthusiast]

New Twitter handle: https://www.reddit.com/r/Monero/comments/4zfqsi/new_twitter_handle/