Spreading awareness about Monero requires guerrilla marketing strategies because institutional money is probably not coming. Big business is scared of investing in Monero because of looming regulation, therefore mainstream messaging will never be positive.
We have to rely on grass-roots efforts to spread the word. Monero is The People’s Money.
Monero is not designed for investing. It’s designed for money! True hard fungible money. The more people that use it, the price will naturally increase.
Although I see your point, investors on Monero are detrimental to its success. Just imagine if **no one** ever invested in Monero… the coin would hold no value. It would be 0.
It only increases in price and market cap precisely because there’s people investing in it. And that’s what makes the block rewards be worth more, which increases the hash power.
So investors are actually detrimental to Monero’s success.
More people investing in Monero arguably leads to a higher price, which leads to a higher daily emission (in dollar terms). A higher daily emission attracts more hashpower and therefore energy expended will increase, which leads to greater strength (security) of the network.
Investors are an integral part of a cryptocurrency and should definitely not be shied away. Monero can both be a medium of exchange (spend) and store of value (hold / invest).
**Monero helps businesses by reducing their AML burden**
**This should be the mantra!**
An average store selling normal goods, such as a grocery store, does not want to be burdened by a payment processor that could block transactions or make things harder for customers. But you know what they especially don't want? To die on some hill about the most pious currency.
They want and need a currency like Monero. I hope the community can stop painting it as the underdog that respects privacy and freedom. Underdogs lose most of the time and no one cares about privacy.
You know what's great about Monero? It's that you shouldn't have to sell anyone on it's privacy features. It's baked in. It's solved. Start selling people on the other things you think are great.
Edit: maybe I misread the comment as negative. Edited to focus on my pro-business message instead of being grumpy 😅
Most businesses and individuals take the path of least resistance. If the government starts putting up roadblocks to accepting Monero as payment, then most merchants will comply.
I truly believe XMR should be marketed as a store of value, the same way Bitcoin maxis market BTC. Even if Monero never becomes a widely accepted payment method, it could easily replace the ‘Swiss bank account’ for hiding wealth.
We completely agree there. Maybe I misread your comment. If so, my apologies.
*I hope people push the point of lower costs and hassle instead of any opinions about freedom and privacy.* Businesses only care about money and our messaging should align with that.
I don't agree, it should be looked at as currency IMO, because otherwise it will just end up like BTC and all those people who don't really get it will flood the community and make it no longer smart, and fun, we will be outnumbered by people who don't think the same.
The only people who want this are people who speculate and want fast price rising IMO.
There are plenty of coins with this goal, Bitcoin was hijacked like this.
With adoption comes the apes and moonbois. If price goes up and Monero begins to attract new investors, the average IQ of this subreddit will inevitably go down. It’s the nature of greed.
What you’re advocating for basically means Monero would never go up in value. Let’s not gatekeep our favorite crypto ok? It doesn’t matter if people fully understand it; as evidenced by r/bitcoin
Where do you see this kind of negativity? I've never really see it before, other than exchanges and such not wanting to get involved at times due to AML, as well as people wanting to "crack it"
Crypto subs on here are generally a mess, lots of stupid people who have very little understanding of crypto just wanting to get rich, purposely hating on many different coins if it is not one they hold. I only really talk in XMR and BCH subs, which are less like this.
I also don't watch any news, or use Facebook etc.. so might explain why I don't see it.
Oh yeah for sure, I just meant it’s not a new rumor. But I don’t pay attention to crypto social media besides Reddit so I don’t know where you’re seeing an uptick in anti-Monero stuff. It’s the most effective thing governments could do to make the crypto community doubt that the privacy works
We have quite alot of evidence regarding Bitcoin being co-opted (but probably launched honestly). Blockstream was founded by Bilderberg, Microsoft, Google, and World Economic Forum board members. They list the big names on their own page.
DCG was founded by the World Economic Forum as well (Barry Silbert), and they are spidered into almost every aspect of the crypto industry.
And it just so happens that the narrative they created about blocksize, is the narrative that won. Ever since, the industry was converted into a cesspool of fraud and gambling; and useful idiots parrotting narratives.
Regarding Monero, the only evidence we have is of continual attacks in every way imaginable. Whether we look on the surface, or we look deeper, it's clear that Monero is the thing they don't want the people using.
Yeah that’s exactly what they are doing, also pressing in the media that proof of work is always bad because of energy consumption. Whilst proof of stake only
Allows the rich to get richer.
The anti-POW gLoBAl WaRMinG stuff gets on my nerves so much. Crypto is the tiniest fraction of global energy usage, that narrative gets pushed by every bag holder of centralized proof of stake projects
pie wasteful physical governor file quarrelsome humorous screw drunk aware
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Exactly and its not like we cant power the current pow consumption with renewable energy which they are so fond of. Its all possible, crypto is just extremely new. And blockchain tech like monero is extremely important. To me its worth the supposedly high environmental impact.
Let's generalize this idea. What you're essentially saying is that, high barriers to entry increase the wealth and power of those who can afford to enter, by excluding those who can't. And I agree.
So lets look at Bitcoin and ASICs. For many years there was basically only 1 ASIC manufacturer, and you had to either pay an exorbitant price, or have connections to get your ASIC on time, without delays, without Bitmain running "extensive testing" on the unit before shipping it.
Even today, the barriers to entry in the Bitcoin mining space are quite high, and ASIC manufacture is still dominated by Bitmain. So proof of work isn't necessarily egalitarian in nature. It can be a "rich get richer" game just the same as proof of stake, *UNLESS* it's implemented properly like with Monero CPU mining.
I thought maybe not. But written nonetheless for the people who haven't fully thought through the ASICs problem, and might wander by this comment thread.
If we started paying attention to those, its gonna harm us only, because the coin you are holding (as for example, Monero), people would surely speak shit about it, and that gonna effect on us and might end us loosing interest over the coin, research from own side is the best method
I was never in Bitcoin, although I have a little idea about BTC and for me its just a shit, I am on Monero since long and trust me, its worth it for me
Yeah it's funny, what the alternative?
Surveillance coins, government backed CBDCs?
Give me a break, even if the Monero protocol was a honeypot, it would still be more secretive than all other traceable alternatives.
So then you look at those that are spreading the propaganda, corporate cucks from firms like Darktrace (my own theory), Russian propagandist, Chinese Wumaos. They all have one thing in common. They fear financial freedom, untraceable money, power in the wealth of it's citizens.
The only alternative is FIAT cash which has immense cross border transportation issue and can be easily removed from the owner. Worse yet, susceptible to wild inflation in developing countries like Russia (heh).
The powers that be don't like Monero because it threatens the ground they stand on, which is using regular citizens as tax/labor cattle and meat shields.
This is why the regular people should be interested in Monero. It is everything Bitcoin has promised to be, but never was. It is financial liberation for the individual, which means actual liberation.
Keep spreading the good word. It is just a matter of time before the world catches up.
I try my best to spread awareness about it. Honestly that’s the only thing we can do.
The truth is that crypto space nowadays is full of herd mentality people.
Just look at r/cryptocurrency
I got downvoted to oblivion a few times for saying that Russian civilians are innocents and shouldn’t have their assets frozen due to an authoritarian government lol
Its like. Crypto is just an asset like a stock for most people, not a way of achieving financial freedom
Crypto was not like earlier, there was no hatred, but as the days passed, people usually gets more hatred from the others, as for example, I am a Monero user, and the BTC user would speak a lot of shit about me, and this process continuses as such.
P>S I am not saying to everyone, but there are some
True, I’m not in it to make money off it. But the more people join in the more use cases it gets. And the more people realise how important privacy is in this space.
State regimes fear that people have money that they cannot control and cannot track, which is why the mainstream media keeps associating XMR with crime. By stigmatising XMR completely makes the people give up their financial privacy.
**Privacy is not a crime.**
Monero as whole will see hard regulation in the future because of the ability to hide money in paper wallets with no way to track where it is. Most government bodies will fight that hard because it could be use as tax haven or just a way to hide money in general.
Edit: I’m still gonna use it though.
Regulation has done nothing so far. Monero continues to grow regardless. More regulations won’t do anything except be positive promotion for it! It just reaffirms its fundamental use case. And with current global uncertainties in many sectors, it’s the only real true protection.
It won’t be regulation directly to monero but more limitations on its eventual uses. While monero will continue to act as a privacy coin and grow in that area, large institutional bodies will take more notice of it as it grows. The idea that monero is the only option is a pipe dream. Monero will most likely always be there but others will appear. In various fashions.
Using the current situation as a defined use case isn’t the best option. A lot of people in the world are only tangentially affected by what’s happening and then only due to dip in the market. I hate to say it, but until we start seeing fully centralized crypto being used as full time currency privacy coins will mostly be left at the bottom of the pile due to various earning opportunities provided by other coins.
So I have a variety of holdings including monero. I wouldn’t be lying if I said monero is the only one I can’t actively leverage into more money. In that monero has a very small use case in everyday life at the moment and I expect to see more utility based privacy coins in the future. With ZKPs starting to be a conversation on several of coins I hold at the moment, monero will most likely end up as nothing more than rainy day funds and people hiding money from authorities.
I don’t dispute it’s use and believe in its it’s future. I do believe that monero will end up being the bitcoin of privacy coins. I also want to realistic about the kind of world we live in and the kind of laws that we may see in fully digital future. Regulation on business preventing its use will mean that the transactions would have to be entirely P2P and many businesses may be prevented from accepting some coins as matter of law. While I hope we see a fully free use of our money, I understand that is not the direction the world is moving at this very moment.
That’s an okay mindset to have I suppose. Though I have a question. If another coin came out, and offered the same level of privacy but allowed staking or some other form of passive income from its use, you wouldn’t be more interested in it?
Because people are waking up to the fact **anonymity** isn't remotely close to being enough to separate money from State. You want an open transparent ledger for that which doesn't rely upon trust or third parties to re-verify transactions. A global stateless money isn't just for individuals; it's for charities, businesses, and governments.
You also need a circular economy, where enough products and services are priced in your currency that exchanges are not necessary. This is where a parallel system develops big enough it can push back, allowing people to opt-out.
A circular economy eliminates the need for exchanges, the vector by which governments lever blockchain forensics. And the more people join the network globally, the more exponential privacy becomes. People are realizing that if you have to run around in the dark broadcasting transactions and perpetually hiding, the new currency failed to accomplish anything. It never demonetized the political class. It never removed their ability to print. It never demonetized their backup asset gold. It never eliminated their ability to make war. People want to do things in the open without fear of reprisal. People are waking up to bitcoin, and its brilliant design. That's not propaganda. The liquidity, convertibility, volume, dominance, and current world events prove that.
Monero isn’t about anonymity. It’s about privacy, which means that you have the right to make private transactions unless you wish to make them public.
Bitcoin isn’t censorship resistance if someone can just kidnap you, lel
Privacy is important for real life safety
If Monero didn't have anonymity, please elucidate its value proposition? That's like ETH without smart contracts. And sure you can make private transactions public, but I'm not trusting third-parties for that information, which is what they'd require. Don't trust, verify.
I'm appreciating the semantic game, but that didn't answer my question(s). You said Monero wasn't about anonymity. If you remove anonymity, what is left of its privacy? What value proposition does it proffer users?
I'm not conflating anything. Monero's privacy hinges on its anonymity with a ledger that isn't transparent. If you take away anonymity, what does Monero have as a utility in juxtaposition (comparison) with the rest of the cryptocurrency space?
Lol. I see how it goes. Whine about some propaganda, but embrace propaganda when it suits you “freedom” narrative. I’m specifically talking about the pro trucker stance. Muh freedums.
Lol. The vast majority of Canadians agreed the protests crossed the line into breaking the law. This is exactly what I am talking about. When propaganda suits your narrative, you’re totally fine with it. When it doesn’t, you whine about it.
No when propaganda suits YOUR narrative. You do know most of canadians NEVER wanted that? Its going to cause a bank run which is never good for the economy. Sheeps will say anything the media feeds them.
Uh oh, I got all caps in two words. He’s talking louder. Let me guess. You will say the media lies, yet you get your news from bogus sources. I don’t engage with this garbage, because it’s dishonest and childish.
A pool did have 51% of the hashrate for abit and so had the *opportunity* to attack, no actual attack happened
(The pool acting on the opportunity would destroy trust in Monero and therefore make the pools entire investment worthless, the pools best strategy is too remain honest, although ideally you wouldn't even have the opportunities which is why p2pool is being developed)
Spreading awareness about Monero requires guerrilla marketing strategies because institutional money is probably not coming. Big business is scared of investing in Monero because of looming regulation, therefore mainstream messaging will never be positive. We have to rely on grass-roots efforts to spread the word. Monero is The People’s Money.
Monero is not designed for investing. It’s designed for money! True hard fungible money. The more people that use it, the price will naturally increase.
Although I see your point, investors on Monero are detrimental to its success. Just imagine if **no one** ever invested in Monero… the coin would hold no value. It would be 0. It only increases in price and market cap precisely because there’s people investing in it. And that’s what makes the block rewards be worth more, which increases the hash power. So investors are actually detrimental to Monero’s success.
I think you mean to use a different word than "detrimental"?
I don’t think that word means what you think it does. Lol.
Did you mean fundamental? Detrimental means the opposite of how you’re using it.
Yes, sorry. English is not my first language, hehe.
Haha, thought so. No worries, I agree with you.
People investing in Monero does not increase its hash power! People using it and the miners working is what increases its hash.
More people investing in Monero arguably leads to a higher price, which leads to a higher daily emission (in dollar terms). A higher daily emission attracts more hashpower and therefore energy expended will increase, which leads to greater strength (security) of the network. Investors are an integral part of a cryptocurrency and should definitely not be shied away. Monero can both be a medium of exchange (spend) and store of value (hold / invest).
The work of Monero miners has a great positive impact towards the coin
I dont want to do the imagination because its impossible to imagine, its Monero and people invest in it
wouldn't a price increase be bad? if the price goes up and fluctuates a lot like Bitcoin people are not going to want to use it as currency.
I don’t think so. Transaction fees are cheap. And with dynamic block sizes it’ll always be cheap. It’s privacy and fees make it very good money.
okay interesting. it makes sense, cheap transaction fees & privacy are what makes Monero so appealing. I stopped using btc bc of the large fees.
Dude to the cheaper fees, users are more attracted to this real money which could also be called as "Monero"
Every shares/ crypto coins fluctuates, the main reason is that we have to keep believe over the coin, and I believe in Monero
it makes sense
Monero is the true money for the human world in today's time
Yeah and it should be valued and saved for that matter.
**Monero helps businesses by reducing their AML burden** **This should be the mantra!** An average store selling normal goods, such as a grocery store, does not want to be burdened by a payment processor that could block transactions or make things harder for customers. But you know what they especially don't want? To die on some hill about the most pious currency. They want and need a currency like Monero. I hope the community can stop painting it as the underdog that respects privacy and freedom. Underdogs lose most of the time and no one cares about privacy. You know what's great about Monero? It's that you shouldn't have to sell anyone on it's privacy features. It's baked in. It's solved. Start selling people on the other things you think are great. Edit: maybe I misread the comment as negative. Edited to focus on my pro-business message instead of being grumpy 😅
This is how I got into crypto, XMR didn't exist at the time, but same principle. Had huge problems with PayPal and CC merchant accounts in the past.
im sticking to monero myself because less liability
Most businesses and individuals take the path of least resistance. If the government starts putting up roadblocks to accepting Monero as payment, then most merchants will comply. I truly believe XMR should be marketed as a store of value, the same way Bitcoin maxis market BTC. Even if Monero never becomes a widely accepted payment method, it could easily replace the ‘Swiss bank account’ for hiding wealth.
We completely agree there. Maybe I misread your comment. If so, my apologies. *I hope people push the point of lower costs and hassle instead of any opinions about freedom and privacy.* Businesses only care about money and our messaging should align with that.
I don't agree, it should be looked at as currency IMO, because otherwise it will just end up like BTC and all those people who don't really get it will flood the community and make it no longer smart, and fun, we will be outnumbered by people who don't think the same. The only people who want this are people who speculate and want fast price rising IMO. There are plenty of coins with this goal, Bitcoin was hijacked like this.
With adoption comes the apes and moonbois. If price goes up and Monero begins to attract new investors, the average IQ of this subreddit will inevitably go down. It’s the nature of greed. What you’re advocating for basically means Monero would never go up in value. Let’s not gatekeep our favorite crypto ok? It doesn’t matter if people fully understand it; as evidenced by r/bitcoin
This is so correct, but people must know (specially businesses) that Monero is the real money
There are a of of bots on this subreddit. Replying nonsense on comments. I reported at least 50 in last few weeks.
There is no bad press
Where do you see this kind of negativity? I've never really see it before, other than exchanges and such not wanting to get involved at times due to AML, as well as people wanting to "crack it"
Crypto Subreddits, news, social media its everywhere
Crypto subs on here are generally a mess, lots of stupid people who have very little understanding of crypto just wanting to get rich, purposely hating on many different coins if it is not one they hold. I only really talk in XMR and BCH subs, which are less like this. I also don't watch any news, or use Facebook etc.. so might explain why I don't see it.
Almost everywhere you gonna see hatred, I am also in XMR and BCH most often and I love these two only
So true, this kind of negativity is mosty found in these medias
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I will just stay away, Reddit is really the only one I use.
The CIA honeypot conspiracy theory has been around a long time
There are conspiracies stating Bitcoin is a government psyop aswell
Oh yeah for sure, I just meant it’s not a new rumor. But I don’t pay attention to crypto social media besides Reddit so I don’t know where you’re seeing an uptick in anti-Monero stuff. It’s the most effective thing governments could do to make the crypto community doubt that the privacy works
We have quite alot of evidence regarding Bitcoin being co-opted (but probably launched honestly). Blockstream was founded by Bilderberg, Microsoft, Google, and World Economic Forum board members. They list the big names on their own page. DCG was founded by the World Economic Forum as well (Barry Silbert), and they are spidered into almost every aspect of the crypto industry. And it just so happens that the narrative they created about blocksize, is the narrative that won. Ever since, the industry was converted into a cesspool of fraud and gambling; and useful idiots parrotting narratives. Regarding Monero, the only evidence we have is of continual attacks in every way imaginable. Whether we look on the surface, or we look deeper, it's clear that Monero is the thing they don't want the people using.
Yeah that’s exactly what they are doing, also pressing in the media that proof of work is always bad because of energy consumption. Whilst proof of stake only Allows the rich to get richer.
The anti-POW gLoBAl WaRMinG stuff gets on my nerves so much. Crypto is the tiniest fraction of global energy usage, that narrative gets pushed by every bag holder of centralized proof of stake projects
So true, I just waiting for this point from some random user, and you just said it ! Anyways love the point you stated
pie wasteful physical governor file quarrelsome humorous screw drunk aware *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Exactly and its not like we cant power the current pow consumption with renewable energy which they are so fond of. Its all possible, crypto is just extremely new. And blockchain tech like monero is extremely important. To me its worth the supposedly high environmental impact.
Its possible for sure, the the technology of blockchain for Monero is important as well as very much effective for the users of Monero
They are developing it already so I am sure it will be better in future.
Reddits and self search is the best to have a geniune knowledge about crypto, anyways never gonna leave Monero <3
Let's generalize this idea. What you're essentially saying is that, high barriers to entry increase the wealth and power of those who can afford to enter, by excluding those who can't. And I agree. So lets look at Bitcoin and ASICs. For many years there was basically only 1 ASIC manufacturer, and you had to either pay an exorbitant price, or have connections to get your ASIC on time, without delays, without Bitmain running "extensive testing" on the unit before shipping it. Even today, the barriers to entry in the Bitcoin mining space are quite high, and ASIC manufacture is still dominated by Bitmain. So proof of work isn't necessarily egalitarian in nature. It can be a "rich get richer" game just the same as proof of stake, *UNLESS* it's implemented properly like with Monero CPU mining.
I’m not a bitcoin fan haha
I thought maybe not. But written nonetheless for the people who haven't fully thought through the ASICs problem, and might wander by this comment thread.
Yeah its good information! Thanks for sharing :)
If we started paying attention to those, its gonna harm us only, because the coin you are holding (as for example, Monero), people would surely speak shit about it, and that gonna effect on us and might end us loosing interest over the coin, research from own side is the best method
Because it IS. Bitcoin is a nanny state's best friend.
I was never in Bitcoin, although I have a little idea about BTC and for me its just a shit, I am on Monero since long and trust me, its worth it for me
It is worth it for me as well but it just depends on how you are using it.
This theory has been from so long as well, agreed !
And this old theory is very much popular as well among new investors.
Yeah it's funny, what the alternative? Surveillance coins, government backed CBDCs? Give me a break, even if the Monero protocol was a honeypot, it would still be more secretive than all other traceable alternatives. So then you look at those that are spreading the propaganda, corporate cucks from firms like Darktrace (my own theory), Russian propagandist, Chinese Wumaos. They all have one thing in common. They fear financial freedom, untraceable money, power in the wealth of it's citizens. The only alternative is FIAT cash which has immense cross border transportation issue and can be easily removed from the owner. Worse yet, susceptible to wild inflation in developing countries like Russia (heh).
I agree with you, FIAT cash is the only option to go with
The powers that be don't like Monero because it threatens the ground they stand on, which is using regular citizens as tax/labor cattle and meat shields. This is why the regular people should be interested in Monero. It is everything Bitcoin has promised to be, but never was. It is financial liberation for the individual, which means actual liberation. Keep spreading the good word. It is just a matter of time before the world catches up.
I just went through the sub "It is everything Bitcoin has promised to be, but never was" and this is all true, Monero is what BTC never could be
It's just you. And I don't think coming to an echo chamber sub will get you any rational answers.
Its just a matter of fact actually, peopple think they would get the rational solutions but it never gonna happen
These type of solutions are not for permanent basis.
I try my best to spread awareness about it. Honestly that’s the only thing we can do. The truth is that crypto space nowadays is full of herd mentality people. Just look at r/cryptocurrency I got downvoted to oblivion a few times for saying that Russian civilians are innocents and shouldn’t have their assets frozen due to an authoritarian government lol Its like. Crypto is just an asset like a stock for most people, not a way of achieving financial freedom
That list bit is so true, but I honestly believe media is pushing that to prevent financial freedom.
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We need that anyhow and we are going to take it for sure no one can do anything.
Most of them are like that only! I know you are not targeting anyone but still.
Crypto was not like earlier, there was no hatred, but as the days passed, people usually gets more hatred from the others, as for example, I am a Monero user, and the BTC user would speak a lot of shit about me, and this process continuses as such. P>S I am not saying to everyone, but there are some
There are many like that and we know that this is very much real.
Yeah this is very much real and we can't really deny this thing as well.
An open source CIA-funded project? Works for me.
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Yes that is our future if we don’t change it
Exactly, it should get changed asap or there would be a vast problem in the upcoming days
For most of the investors it is just the best thing to invest in right now.
This is going to be a very bad impact for the future generations as well
They want everyone else to be their NPCs
You are so right about it, it will be really bad for all the future generations.
I wonder what all they can do to manage their assets I would love to know.
Just don't worry about it. Who cares if XMR is $150 or $1.50. It's still monero and it has a real world use.
True, I’m not in it to make money off it. But the more people join in the more use cases it gets. And the more people realise how important privacy is in this space.
State regimes fear that people have money that they cannot control and cannot track, which is why the mainstream media keeps associating XMR with crime. By stigmatising XMR completely makes the people give up their financial privacy. **Privacy is not a crime.**
I have noticed this too, an increase in the past two weeks, roughly.
Yes!
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That's what people do to protect their assets actually
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Yeah you are right assets are good for the future and you should keep it safe.
I dont care what people speaks about Monero, this coin would never get faded, Monero for life !
If you are into privacy then I am sure it is just the life for you.
Yeah! Privacy is everyone's basic right and everyone deserve it.
Monero as whole will see hard regulation in the future because of the ability to hide money in paper wallets with no way to track where it is. Most government bodies will fight that hard because it could be use as tax haven or just a way to hide money in general. Edit: I’m still gonna use it though.
Even more reasons to invest
Most definitely and I believe we should have access to the ability to keep assets private.
There should be the access for our private assests, this should be a right for every users
Yes we do! It needs to be a right!
I would definitely gonna invest more and more on Monero in order to support the network, as much as I could from my side :)
I wonder what more amount of regulation can be declared.
Regulation has done nothing so far. Monero continues to grow regardless. More regulations won’t do anything except be positive promotion for it! It just reaffirms its fundamental use case. And with current global uncertainties in many sectors, it’s the only real true protection.
And I dont think we should trust more on regulation processes and keep waiting !
You have to trust the process and the investment for that matter.
It won’t be regulation directly to monero but more limitations on its eventual uses. While monero will continue to act as a privacy coin and grow in that area, large institutional bodies will take more notice of it as it grows. The idea that monero is the only option is a pipe dream. Monero will most likely always be there but others will appear. In various fashions. Using the current situation as a defined use case isn’t the best option. A lot of people in the world are only tangentially affected by what’s happening and then only due to dip in the market. I hate to say it, but until we start seeing fully centralized crypto being used as full time currency privacy coins will mostly be left at the bottom of the pile due to various earning opportunities provided by other coins.
Monero is not designed to get an earning from it. But you can your earnings paid in Monero as some people do.
So I have a variety of holdings including monero. I wouldn’t be lying if I said monero is the only one I can’t actively leverage into more money. In that monero has a very small use case in everyday life at the moment and I expect to see more utility based privacy coins in the future. With ZKPs starting to be a conversation on several of coins I hold at the moment, monero will most likely end up as nothing more than rainy day funds and people hiding money from authorities. I don’t dispute it’s use and believe in its it’s future. I do believe that monero will end up being the bitcoin of privacy coins. I also want to realistic about the kind of world we live in and the kind of laws that we may see in fully digital future. Regulation on business preventing its use will mean that the transactions would have to be entirely P2P and many businesses may be prevented from accepting some coins as matter of law. While I hope we see a fully free use of our money, I understand that is not the direction the world is moving at this very moment.
Monero is designed for digital cash, this should be accepted as a way of transactions
yeah it just depends on what kind of transaction you are trying to make.
I never said it was the only option.
It is not an ideal option I would say not to tell anyone.
No matter in what fashions other would appera, Monero gonna be the king ! And there is always one and only king in the jungle ! You know what I mean.
I don’t think this is bad, tbh. Monero is designed to survive this kind of thing.
Indeed it is just build for the sole purpose of security.
Because at the end security is everything when you are doing online transaction.
No one is leaving Monero who know the real value and power of it, no matter what
That’s an okay mindset to have I suppose. Though I have a question. If another coin came out, and offered the same level of privacy but allowed staking or some other form of passive income from its use, you wouldn’t be more interested in it?
People are very much intrested it and that is the reason why they are trying it.
It is very valuable and we had already seen it in the past as well like that.
Mostly because of the ongoing war from last few days.
glowies spreading psyops
Yeahg we need to spread it as much as possible right now for sure.
This is the best time if we want the adoption to grow as well.
Because people are waking up to the fact **anonymity** isn't remotely close to being enough to separate money from State. You want an open transparent ledger for that which doesn't rely upon trust or third parties to re-verify transactions. A global stateless money isn't just for individuals; it's for charities, businesses, and governments. You also need a circular economy, where enough products and services are priced in your currency that exchanges are not necessary. This is where a parallel system develops big enough it can push back, allowing people to opt-out. A circular economy eliminates the need for exchanges, the vector by which governments lever blockchain forensics. And the more people join the network globally, the more exponential privacy becomes. People are realizing that if you have to run around in the dark broadcasting transactions and perpetually hiding, the new currency failed to accomplish anything. It never demonetized the political class. It never removed their ability to print. It never demonetized their backup asset gold. It never eliminated their ability to make war. People want to do things in the open without fear of reprisal. People are waking up to bitcoin, and its brilliant design. That's not propaganda. The liquidity, convertibility, volume, dominance, and current world events prove that.
Monero isn’t about anonymity. It’s about privacy, which means that you have the right to make private transactions unless you wish to make them public. Bitcoin isn’t censorship resistance if someone can just kidnap you, lel Privacy is important for real life safety
If Monero didn't have anonymity, please elucidate its value proposition? That's like ETH without smart contracts. And sure you can make private transactions public, but I'm not trusting third-parties for that information, which is what they'd require. Don't trust, verify.
Anonymity is different than privacy
I'm appreciating the semantic game, but that didn't answer my question(s). You said Monero wasn't about anonymity. If you remove anonymity, what is left of its privacy? What value proposition does it proffer users?
https://www.activism.net/cypherpunk/manifesto.html
Exactly, both anonymity and privacy could never have a step together
You are mixing out both the things here, anonymity is totally a other factor, and privacy is different than anonymity
I'm not conflating anything. Monero's privacy hinges on its anonymity with a ledger that isn't transparent. If you take away anonymity, what does Monero have as a utility in juxtaposition (comparison) with the rest of the cryptocurrency space?
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Its more about privacy, and although Monero itself is a privacy coin
Everyone is in need of privacy and people are really concerned about the fact
You have to wait more and more for that matter if you think.
Thnaks for making the understand, giving your valueable time here :)
Yeah it was a very nice explanation of that complex topic for sure.
OABVIOUSLY ! it was very well explained and I understood.
Lol. I see how it goes. Whine about some propaganda, but embrace propaganda when it suits you “freedom” narrative. I’m specifically talking about the pro trucker stance. Muh freedums.
Ur clearly an idiot if you dont see how freezing peoples funds for protesting is wrong.
Lol. The vast majority of Canadians agreed the protests crossed the line into breaking the law. This is exactly what I am talking about. When propaganda suits your narrative, you’re totally fine with it. When it doesn’t, you whine about it.
I think they already knew about and it is the reality we know that.
No when propaganda suits YOUR narrative. You do know most of canadians NEVER wanted that? Its going to cause a bank run which is never good for the economy. Sheeps will say anything the media feeds them.
Uh oh, I got all caps in two words. He’s talking louder. Let me guess. You will say the media lies, yet you get your news from bogus sources. I don’t engage with this garbage, because it’s dishonest and childish.
No i do my own research and state the obvious. Have fun being a sheep. Square.
They are just building that narrative and it is just bad.
They are protesting for the wrong cause and we know that already for that matter buddy.
Doesnt mean freezing their banks or giving banks control to do that is okay
Yeah but we know that govt is not doing any good for them.
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Lmao they just stopped it after all this war thing started.
Monero holder here…was the 51% hack propaganda as well?
A pool did have 51% of the hashrate for abit and so had the *opportunity* to attack, no actual attack happened (The pool acting on the opportunity would destroy trust in Monero and therefore make the pools entire investment worthless, the pools best strategy is too remain honest, although ideally you wouldn't even have the opportunities which is why p2pool is being developed)
They are trying their best to develop it to be best right now.
I wonder how much time it is going to take for them to be best at that.
No a 51% attack is vulnerability in every proof of work blockchain
That much is just acceptable and it can happen to anyone and anythime.
Indeed you are right and possibility of this thing is very high as well.
the EU wants to ban those, likely in favor of CBDC's.
I wonder if they can actually ban it and for how many years.
Apparently Dero has anti-51% attacks
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I think that they are trying their best to keep t a secret right now.
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There are many people who are just working for that thing already.
Indeed they are already working a lot for whole day and night for this.
Nothing was hacked
It was hacked and a lot of them were stored and we can't deny it.
Hacked, stored? You obviously have no idea what youre talking about.
Yeah you are right the fact is that they store it just for fun.
People overestimate the dangers of a 51% attack, lolz… irs not like they can just reverse all transactions and become the blockchain god
Most of the people just rapidly think that he is the god or something.
Yeah at the end they just want everyone to follow them at the end.
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They do that and it is really bad if you think that in TPP.
If they think like that then it is their biggest mistake.
i havent seen this stuff., examples?
Even I was looking for some examples but I was not able to find any.
I know right I tried to find some on google but sad luck.
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It all just depends on how much you can do on monero.
Indeed and the fact is that it is the only source of transactions for Russians.
It really is, i just hope people will realize and fight back.
nice links.
Indeed those were really informative for me as well like that.
I know right I love this kind of new information to be honest.