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

[BoscoMurray]

Monero Privacy is NOT a crime or something to feel guilty about:

https://www.reddit.com/r/Monero/comments/6uldp2/monero_privacy_is_not_a_crime_or_something_to/

1) You are traveling through parts of a country with a medium to high violent crime rate. You need to use some of your Bitcoin to pay for something. If every person you transact with knows exactly how much money you have, this is a threat to your personal physical safety.

2) You are a business that receives a payment from a supplier. That supplier will be able to see how much money your business has, and therefore can guess at how price sensitive you are in future negotiations. They can see every single other payment you’ve ever received to that Bitcoin address, and therefore determine what other suppliers you are dealing with and how much you are paying those suppliers. They may be able to roughly determine how many customers you have and how much you charge your customers. This is commercially sensitive information that damages your negotiating position enough to cause you relative financial loss.

3) You are a private citizen paying for online goods and services. You are aware that it is common practice for companies to attempt to use ‘price discrimination’ algorithms to attempt to determine the highest prices they can offer future services to you at, and you would prefer they do not have the information advantage of knowing how much you spend and where you spend it.

4 You sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment.

Monero solves these privacy issues by automatically applying privacy techniques to every single transaction made. You can have confidence that it is not possible to own ‘tainted’ Monero. This is a concept in economics known as ‘fungibility’ and is historically considered an important characteristic for any currency to have.

Regards,

   So Monero is kind of like not showing your tax returns.  Should be one big supporter in the US white house....   

5) You are a shop owner, and have registered a Monero address with the IRS as your official retailer address. You use this address for receiving payments from all of your customers. At the end of the year, the tax man uses the view key you provided them with to check how much you received, so that you pay the appropriate taxes....

[classicneverdies]

Monero is doing pretty well. Great to see ongoing developement.

[owlcatz]

5) You are a shop owner, and have registered a Monero address with the IRS as your official retailer address. You use this address for receiving payments from all of your customers. At the end of the year, the tax man uses the view key you provided them with to check how much you received, so that you pay the appropriate taxes....

Good stuff, but seriously, the IRS using your viewkey? The IRS forms are ancient, they have nothing for that sort of thing, so how will that ever work in this day and age? I understand it and agree, but I don't see the IRS actually giving any shits about that kind of thing. It's hard enough to claim BTC on tax forms, let alone any other crypto!  

Monero is doing pretty well. Great to see ongoing developement.

Monero is so undervalued it's crazy. I'd still buy more if I could.

[tleilaxu_eyes]

5) You are a shop owner, and have registered a Monero address with the IRS as your official retailer address. You use this address for receiving payments from all of your customers. At the end of the year, the tax man uses the view key you provided them with to check how much you received, so that you pay the appropriate taxes....

Good stuff, but seriously, the IRS using your viewkey? The IRS forms are ancient, they have nothing for that sort of thing, so how will that ever work in this day and age? I understand it and agree, but I don't see the IRS actually giving any shits about that kind of thing. It's hard enough to claim BTC on tax forms, let alone any other crypto!  

Monero is doing pretty well. Great to see ongoing developement.

Monero is so undervalued it's crazy. I'd still buy more if I could.

I was thinking the same thing when it dropped to $30, but I kept buying anyway

[BoscoMurray]

5) You are a shop owner, and have registered a Monero address with the IRS as your official retailer address. You use this address for receiving payments from all of your customers. At the end of the year, the tax man uses the view key you provided them with to check how much you received, so that you pay the appropriate taxes....

Good stuff, but seriously, the IRS using your viewkey? The IRS forms are ancient, they have nothing for that sort of thing, so how will that ever work in this day and age? I understand it and agree, but I don't see the IRS actually giving any shits about that kind of thing. It's hard enough to claim BTC on tax forms, let alone any other crypto!  

Monero is doing pretty well. Great to see ongoing developement.

Monero is so undervalued it's crazy. I'd still buy more if I could.

I suppose it's likely the IRS will barely have Bitcoin on their radar, never mind Monero, but I was simply pointing out to chilly2k the fact that if the day comes when people are using Monero, they can prove their income and pay relevant taxes with the use of a viewkey. The IRS will need to figure out crypto soon enough.

[aminorex]

for Monero held for 12= months or more, AFAICT, the long term capital gains tax applies.  If your AGI on 1040 is less than 75k, you pay 0% tax rate.  Over 75k you pay 10% on long term capital gains.   For Monero held in a Roth retirement account there is no income limit, 0% all the time.

12 months of holding is the critical difference between long-term and short-term capital gains.  The latter are taxed at your marginal (highest) regular income tax rate.

As long as you apply FIFO trading rules it may be trivial to keep all but the last draw down on an actively traded fund from being taxed at marginal rates.

I an not a lawyer or a tax professional.  You should consult your own.

[MGTOW_MONERO_XMR]

Ways you can help:

1. ALWAYS MAINTAIN MAXIMUM CONFIDENCE IN OUR TECHNOLOGY AND COMMUNITY

2. Subscribe, up-vote, contribute, and support comments in any Monero/Crypto-currency community or forum (promote positive vibes)

3. Spread information across multiple Monero/Crypto-currency community Channels & Forums (for maximum coverage)

4. Mention Monero via "word of mouth"
(as fantastic as the technology is, if somebody hasn't heard about it then it doesn't exist to them!)

5. Attend local Monero/Crypto meet-up groups or events (and represent)

6. Youtube or Video marketing

7. Graphic design – create new Monero Logos & Imagery

8. Purchase and spread Monero Stickers, Images (or Posters) around your locality

9. Wear a Monero T-shirt or Hat, and strut around in it (so the Ladies can see)

10. Mine Monero (https://www.reddit.com/r/MoneroMining/)

11. Run a Monero node

12. If your are a Merchant – accept Monero as a form of payment (or encourage other merchants to do so)

13. Write Articles, Blog posts and e-books – educate!

14. Create user-guides or materials in foreign Languages/Countries

15. Translate important Monero news/information into Foreign Languages

16. Contact Exchanges, Crypto/Block-chain services or websites, Media outlets (including youtube contributors) etc etc to request they adopt Monero or contribute to Monero's Coverage

17. Simplify how we express or explain this technology's usefulness (in layman's terms)  to noobs (eg., ELI5)

18. Contribute Code or Web design

19. Protect Monero's REPUTATION by refuting negative press or comments and steering the Discourse away from Criminality (privacy for good Samaritans is NOT a crime)

20. DO NOT commit any crimes with Monero

21. Get people to join the Monero sub-reddit (https://www.reddit.com/r/Monero/)

22. Invest invest invest!

23. HOLD ON FOR DEAR LIFE (HODL)

[Hueristic]

Guess who I played poker with all day? Sean gunn And a good time it was. He and another player flopped the flush he had the nut and got the money in good and the other dude sucked out with the gutshot straight flush as the board went runner runner hearts. I grabbed the last pot before I left with a bet on a busted flush when the board runnered aces, gotta love position with those scare cards. Real nice guy, I don't think anyone else knew who he was at the table until I asked him to write a get well card for a friend thats a fan.

[Maximillioneddy]

cḿon guys! xmr is losing -.- lets break the 50$ wall and go to 100

Soon*

*Soon™

Finally it done!

[reffi]

OMG!!! I just triple my investments!! Thank you XMR!!!!!!!

[Cimmy_revenger]

I remember very well when I bought XRM on May 3, 2016 at the price 0.002179 BTC , and now the price 0.02355 BTC . I am more and more convinced to invest my money in cryptocurrency.
This increase is still in units of bitcoin and Bitcoin prices also experienced a fantastic price increase in 1 quartal this year.

[AngusCanine]

What's driving the price increase today?

[zhongzy]

What's driving the price increase today?

i want to know reason too ,rocket moon also take my eye ,excellent XMR!

[Kn_os]

What's driving the price increase today?

i want to know reason too ,rocket moon also take my eye ,excellent XMR!

rumours about xmr will be added to bithumb
https://twitter.com/WhalePanda/status/899548650673668096

[Arvydas77]

XMR time to shine. Thank you, Korean exchange!

[Piston Honda]

lol time for new bagholders more like it.
shit.

[erok]

lol time for new bagholders more like it.
shit.

You have been wrong about everything for like 5 years... How do you still have bitcoin?!

[ElliottHe]

Congratulations to XMR. A big rising in terms of the price. It's been silent for a while, now it's rising again.

[Myriad Force]

5) You are a shop owner, and have registered a Monero address with the IRS as your official retailer address. You use this address for receiving payments from all of your customers. At the end of the year, the tax man uses the view key you provided them with to check how much you received, so that you pay the appropriate taxes....

Good stuff, but seriously, the IRS using your viewkey? The IRS forms are ancient, they have nothing for that sort of thing, so how will that ever work in this day and age? I understand it and agree, but I don't see the IRS actually giving any shits about that kind of thing. It's hard enough to claim BTC on tax forms, let alone any other crypto!  

Monero is doing pretty well. Great to see ongoing developement.

Monero is so undervalued it's crazy. I'd still buy more if I could.

The privacy issue is all bullshit anyway -
You have to convert your crypto to fiat to consume. 

[explorer]

5) You are a shop owner, and have registered a Monero address with the IRS as your official retailer address. You use this address for receiving payments from all of your customers. At the end of the year, the tax man uses the view key you provided them with to check how much you received, so that you pay the appropriate taxes....

Good stuff, but seriously, the IRS using your viewkey? The IRS forms are ancient, they have nothing for that sort of thing, so how will that ever work in this day and age? I understand it and agree, but I don't see the IRS actually giving any shits about that kind of thing. It's hard enough to claim BTC on tax forms, let alone any other crypto!  

Monero is doing pretty well. Great to see ongoing developement.

Monero is so undervalued it's crazy. I'd still buy more if I could.

The privacy issue is all bullshit anyway -
You have to convert your crypto to fiat to consume. 

Short sighted.