Isn't Monero just a more private and decentralized Version

aka SHOULD I BUY THIS FOR HUGE GAINS?

the creator is literally called 'fluffypony'

>>2859182
No it is the first fungible decentralized digital currency. It is digital money. It is what bitcoin was supposed to be. Yes it's worth a buy.

The only market for monero is shady people that what to hide their money trail

Btcs market is billions of people while moneros is probably 10s of thousands

yes, I just bought 100k myself recently.

>>2859211
The creator was called thankful_for_today and he was just doing a fair launch of cryptonote invented by some Dutch sounding guy Nicholas VanSaberhagen or something. Probably a fake name like Satoshi Nakamoto.

>>2859216
>The market for shady things is 10s of thousands
So the global markets for offshore private banking, drugs, arms, and other generally private shit would be a combined total of less than 100k?

>>2859281
Not to mention bitcoin can fuck you, not just on the darknet, but in everyday life.

>The most critical flaw in Bitcoin is its lack of privacy. If you give me your Bitcoin wallet address so that I can send you a payment, you immediately compromise your privacy. I can see as a matter of public record how much money you have in your Bitcoin wallet (there are messy workarounds to attempt to fix this problem, which we will address shortly). The same situation applies even if you are the one sending Bitcoin. Any recipient can then see how much money you have in your Bitcoin wallet, both now and in perpetuity. To understand how critical this privacy problem is, consider the following scenarios:

>1. You are travelling 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.

>>2859291
>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.

tl;dr, you want to hide your shit by default in everyday life, not broadcast it out for everyone to see and use against you.

>>2859216

At least have some actual use and is not buildt upon promises and bullshit like the mayority of coins out there.

>>2859301
Also consider divorce cases. If the judge sees how much bitcoin you have, you can't get out of losing half your shit. But with Monero...

>>2859216
>The only market for monero is shady people that what to hide their money trail

oh you mean like the people involved in the most profitable and global industry in the entire planet? Those shady people?

Yeah theres definitely no value in having an currency that enables money laundering and facilitates anonymous purchasing of illegal goods. None.


you dumb cunt

Hm.

I am torn between Zcash and Monero?

Aren't both ultimately anonymous and used for drug lords?

>>2859333
No zcash is a Jewish CIA backdoored coin that isn't even fungible if you took away the backdoor.

File: 1487015514920.jpg (69KB, 768x960px) Image search: [Google]

69KB, 768x960px

>>2859333
Monero is completely anonymous and untraceable while zcash has two sides to it, which is why banks love it. One side is public and the other is anon, and taht's why goldman sachs is pumping into it cause they love it.

>>2859189

> huge gains

if you're smart and HODL unlike dumb kids still trying to convince their moms that they are "day traders".

Monero's price has been really stable. Given the recent cataclysmic events in the darknet drug markets and what not, it is almost a certainty that monero will start to replace bitcoin as the primary transaction for darknet marketplaces.

That will give monero significant growth, but IT IS NOT a replacement for bitcoin in general.

IMO, the only two worthwhile coins are bitcoin and monero, everything else is garbage.

File: Adolf Memler.jpg (43KB, 640x611px) Image search: [Google]

43KB, 640x611px

>>2859378
how about waves with its DEX? I'm looking at BTC XMR and WAVES to invest and maybe DCR cause they seem the most promising for HODLing.

>>2859378
It is a replacement for Bitcoin in general because the only real use of bitcoin is making censorship resistant transactions. It is a replacement for bitcoin because Bitcoin's lack of fungibility makes it basically unusable once you need to it's it in the real world for real world things.

File: monero-2aac4a400251aebe03ad7f3ad11bb16d.png (30KB, 250x250px) Image search: [Google]

30KB, 250x250px

Monero is solid as fuck, OP.

Do your own research and figure out if people will use it.

Personally yes, it is a better bitcoin, because contrary to bitcoin fags, privacy is important, and Segwit is trash.

Read this to see why privacy by default is critically important for a coin to be used in any serious capacity:

https://www.monero.how/why-monero-vs-bitcoin

So yes, hold it and hold a lot. It has serious value.

Personally I just hold Bitcoin as a legacy, moneymaking tool at this point. I don't really believe in it's long term use/utility. Other coins eclipsed it years ago.

XMR is at a pretty good price right now if you want to invest.
It's been holding within about 5-10% of the current level so it's a good coin for holding value.

>>2859399

> everything else is garbage

thats my opinion, I'm not sure how much clearer i can phrase it. I have money in altcoins, but its a case of I'm literally waiting for some retarded hypejob to get them to $1 so i can sell and make a tidy profit which i will summarily invest back into BTC/XMR

>>2859425
>>2859378
Agree with all of this. Anonymity and fungibility are critical to a future cryptocurrency becoming an actual currency that can be used just like fiat cash. I'll always be a long term BTC holder but I sincerely hope XMR beats out Zcash.

I also hodl ETH and LTC but fully realize they are just fucking memes compared to XMR.

What do you guys think of Dash? I think it could be used for daily transactions if you don't give a fuck about privacy

BTC - Not exactly gold, but a store of wealth
Monero - Private discrete transactions
Dash - daily credit-card-like payments

If Monero actually did real world volumes of transactions, like bitcoin, would it be able to still run smoothly or would it crash / freeze up / congest like bitcoin and ether have?

Protip: you don't know.

>>2859546
Fuckin stupid noobs, how does dash always get you? No, dash is shitter than shit.

>>2859552

we'll find out soon enough.

>>2859559
why tho? They are expanding Dash labs into Asia and it seems like a legit way to spend crypto. I don't hold any Dash anymore, but I'm still interested in it

>>2859552
Protip, yeah we do. Monero already accounted for that, they have a dynamic blocksize. Blocksize goes up if needed, goes down if needed.

That's another reason why it has a better long term future than BTC. The dev team don't work for a company that directly discourages on-chain usage.

>>2860009
ok you're kinda dumb so I'm gonna try to type on your level:

Yes monero has dynamic blocksize. No monero would not scale perfectly. You understand that when blocks begin to get 10mb, 100mb, even 1000mb as more and more people use it, there will be less and less nodes willing to pay the cost of storing/transfering that much data every block.

>>2860405
Now THAT is the real pure dumb shit.

Why aren't blocks 1KB? Why are mining networks getting more and more decentralized all the time despite some coins RAISING the blocksize?

Protip: it's because a 10MB blocksize doesn't mean shit nowadays. Blocks are designed to scale for more users, and with more computing power.

Why do you completely discount the increase in computing power?

Hell if anything, keeping blocks small is what centralizes shit. When you have full blocks, you correspondingly have higher and higher fees, slower and slower confirmation times. Regular users cannot afford that. Big companies and corporations can. A "settlement layer" is just code for "corporate sellout".

Sit down.

>>2859399
The concept of a decentralized exchange is great, but Waves isn't that
It's a platform to exchange your tokens for valueless tokens provided by the creators, it's also literally designed for PnD letting you create whatever token you want like niggercoin
It's literally for braindead pajeets, since the retarded ones can just copy paste some source code and change some names here and there

>>2860536
>the retarded ones can just copy paste some source code and change some names here and there
This describes basically every single fucking altcoin with a few non-Pajeet exceptions, yet people still get duped. Someone post the "/biz/ buys here" graph.

>>2859552
The nice thing about the Monero community it's that they actually hire top tier PhD's to work out the science behind out, and they also hire programmers based on what they have contributed
Unlike your average PnD shitcoin whose only reason behind development it's the greed of the developers

Everyone should be holding some Monero. You don't have to cheerlead it and become the worlds most rabid fanboy. You can still have "your" coin that you sperg out over in every thread while still holding a small reserve of Monero.
It's a $100+ coin easily. Once it becomes clear it's more private and more secure than Zcash and Dash, it'll start to siphon more market share from them and of course benefit from the general increase in crypto. It's also slowly being adopted more and more as a general payment method. The active social presence ensures it's always to the forefront of peoples psyche.

I personally keep 5% in XMR but i expect that % to increase naturally over time.

>>2860536

Buy BLOCK, do it, JUST DO IT!

>>2861130

If BLOCK manages to pull through with what it aims to do, it will be unbelievably powerful.

>>2861159

I am 100% sure the team have the skils to pull this off, really excited for this one.

BlockNet is already setting the standard for the future of trustless, interoperable exchanges, it's gonna be beautiful.

Here's something to consider.

It's five years down the track. A few coins have become huge and a lot of the current ones have died off.

Let's say that, for all the coins that have survived, they have gone 10x.

Now imagine you're new to crypto. You see a coin called Monero that is $500. It is a way to turn $500 of your fiat into $500 of extremely private currency.

Let's also assume that the price has stabilised at around this point and you're not expecting your Monero coin to be worth much more than $500 for the near future.

Would you still buy it?

For me, as that postulated future investor. The answer is yes. There is still a strong value proposition for me to turn my $500 of regular money into $500 of completely private money. Money I can send overseas and do other things with without scrutiny or oversight.

That's why Monero is one of the strongest holds. If you can still make a value case for something, if you can still SEE YOURSELF BUYING IT at 10x the price, then a future investor will see it the same way.

Who are monero competitors?

File: 1480986348597.jpg (202KB, 600x544px) Image search: [Google]

202KB, 600x544px

>>2861204

its the only coin with total privacy by default, therefore nothing comes close, literally not even other cryptonote coins.

>>2861182
What are the other strongest holds right now?

>>2860523
To a point... but eventually having the massive resources needed to mine and store 1GB blocks will only be availiable to large corporate miners

>>2861204
Zcash, but that requires trusting Jews (srs, look it up)

Just buy Pivx instead.

File: tBHD5qP.png (437KB, 730x604px) Image search: [Google]

437KB, 730x604px

>>2861290

so wat? they can't censor transactions (unlike bitcoin) and they can't rewrite the past (unlike bitcoin).

>>2861204
Zcash until Alphabay got busted. The findings from that basically showed Monero has no competitor at the moment.

File: 1488332285547.jpg (26KB, 400x397px) Image search: [Google]

26KB, 400x397px

>>2859182
>>2859211


>>2859213
>>2859378
>>2859425

Monero has mostly one use: money laundering.

[initial currency] > shapeshift > monero #1 > monero #2 > etc > shapeshift > [initial currency]

That isn't to say that it is worthless, on the contrary. But it's still unethical to buy this coin. Just as it's unethical to use Tor etc.

File: 1.png (190KB, 540x482px) Image search: [Google]

190KB, 540x482px

>>2859213
>>2859213
>>2859213
>>2859213
>>2859213
>>2859213

>>2861314
((()))

File: 1500146280251.gif (216KB, 400x400px) Image search: [Google]

216KB, 400x400px

>>2861315
>>2861311

>>2859291
>>2859301
but you can make a new address for each transaction

File: 1483371315776.jpg (100KB, 1024x768px) Image search: [Google]

100KB, 1024x768px

>>2859213
>
>>2859213
>>2859213

File: sketch12184722.png (114KB, 1232x800px) Image search: [Google]

114KB, 1232x800px

>>2859213
>>2859213
>>2859213

>>2861278
Everything else is a long shot, but look into IOTA, SIA...

>>2861325
Send 0.1 BTC to your temporary address, from your horde of 100btc... immediately spend it on something. Still fairly obvious yeah?

File: 1500854352120.jpg (138KB, 1247x810px) Image search: [Google]

138KB, 1247x810px

>>2861339
>>2861334

you seem bothered by the fact, stay triggered.

>>2861297
fuck is this

>>2861314
the value of the coin wont make it any more or less private, i don't see why it would be unethical.

>>2861314
BTC is only worth that much because you can use it for drug ebay

It doesnt make it moral, just putting up its value
If Monero is really that solid, it makes it really useful and not unlikely to be worth a lot long term

>>2859216

HOLY SHIT GUYS CRIMINALS USE CRYPTOS?

SELL SELL SELL SELL SELL

Are Monero wallets safe? As a newcoiner, the entry point is Bitcoins but in order to ensure safety, I'd rather get a wallet on a USB key that I'm sure will never be hacked.

Is a Monero wallet can bring more privacy and safety than Electrum, I'm all in in this coin.

>>2861583
Monero has their own official GUI Wallet and you can backup it in your USB key, so, yeah.

Nice, just bought 100k

File: 15000247841260.jpg (18KB, 327x333px) Image search: [Google]

18KB, 327x333px

I have confirmed at least two new darknet markets are adding Monero as we speak.

this is going to be the greatest pump since Bitcoin went to $1000

File: 1488820002377.gif (2MB, 477x262px) Image search: [Google]

2MB, 477x262px

>>2861885
how high is XMR going to go based anon?

>>2861885
which?

File: 17634412_340108513058808_1326690829890803928_n.jpg (27KB, 480x526px) Image search: [Google]

27KB, 480x526px

>>2861901

Sourcery and Enigma, that I know.

>>2861896

not even the sky is the limit,

>>2861896
Source on gif?

File: Jake Paul.jpg (65KB, 736x646px) Image search: [Google]

65KB, 736x646px

>>2861921
>mfw Fluffy pony was behind the raids of non-compliant markets who refused to implement Monero.

>>2861314
>this currency is unethical because it is anonymous
Are you fucking kidding me?

>>2859333
Zcash is kiked to hell. Fuck zcash and fuck the jews.

the least scalable coin

>>2862592
Have you heard of Ethereum?

>>2861314
We need things like Monero and Tor just to make sure that people like you have no power over us.

>>2861314
>privacy is now unethical but mass surveillance is not

War is Peace, Freedom is Slavery, Ignorance is Strength.

Weird that Alphabay added ZCash since it's obviously backdoored.

File: zEhbbul.jpg (42KB, 720x540px) Image search: [Google]

42KB, 720x540px

>>2862759
And it got busted right after they added it. Hmmm.

>>2859378

I hate you "HODL" fags

>>2859182
Yes. Just had a thread a day ago about the FBI busting some darkweb drug site and they seize so many zcoin, bitcoin, etherium and an unknown amount of Monero.

Monero has been proven.

>>2859425
>Investing in a CC which already mooned
Find other suckers for this shit.

File: Screenshot_2017-07-24-19-22-27-808012739.png (94KB, 1920x1080px) Image search: [Google]

94KB, 1920x1080px

>thinking Monero has mooned yet
Nigga, this coin has more moon potential than ethereum and ripple combined but during the last few months of pumps it's basically the only coin that hasn't moved against BTC. This is the megapump waiting to happen.

It's like if you were here a month ago telling us Sia had already mooned because of that time it got over 100 sats in 2016 (the same year Monero "mooned").
>Pic related

This coin should honestly be worth more than bitcoin and the fact that it isn't at least #2 is a travesty. At a market cap of under a billion, Monero is so undervalued it's like picking up free money at this point.

>>2863100
>this coin has more moon potential than ethereum
literally how? when metropolis comes, monero will be made redundant
This was once a solid coin, a very respectable one. It's sad to see it happen but it won't be around for much longer. Sorry anon.

>>2863132
If you truly believe this you are beyond helping.

>>2863143
This, also, there are only two other alts that utilize cryptonote. Those being, boolberry & digitalnote.

>>2862787

thats nice. I dont think about you at all.

have fun with LARPing as a "trader" on the most volatile market around.

File: XAxaV[1].gif (916KB, 245x285px) Image search: [Google]

916KB, 245x285px

>>2862971

> coin is about to come into primary use to facilitate darknet marketplace transactions
> "has already mooned"
> "find other suckers!"

no one gives a shit about you moron, stick to scam coins.

>>2861314
>Monero has mostly one use: money laundering.

nice bait, bro.

literally any money (traditional or crypto) is good for laundering, as long as you're able to create your entrypoints and exitpoints.

cryptocoins just enabled any 12 years old dude to instantly become an International Launderer.

btw I'm not yet into Monero because I don't yet see how those claims about privacy would make it better for me than Bitcoin.

They're just assuming that everyone has a roaring cash flow from/to fiat.

>>2861294
>but that requires trusting Jews

top kek

>>2862632

I've heard about it because of multi-million scams, like the recent $31M one.

>>2859378
>if you're smart and HODL unlike dumb kids still trying to convince their moms that they are "day traders".
Kek. So true.

>>2861314
>Unethical to use Tor
Nice bait. Almost got me

>>2863822
>I don't see how privacy helps me

See
>>2859291
>>2859301

Monero is not truly anonymous, anybody saying otherwise is lying or misinformed.

>>2864495
Which coin is truly anonymous then? If you answer with some smartass shit like ''no coin is truly anonymous'' I will ignore you.

Monero is truly anonymous, anybody saying otherwise is lying or misinformed.

>>2859182
I would buy some if I knew how/trusted the exchange I could buy it on.

File: 8787879.jpg (30KB, 468x351px) Image search: [Google]

30KB, 468x351px

>tfw monero is doing better than your litecoins

>>2864515
signatum

>>2864495
De-anonymize me then.

>>2861343
They can trace it back retard.

>>2864495
The fbi could not even figure out how much monero they had, just that they had monero. Which could basically be that they had a moero wallet but could not get inside.

Until such a time that Monero is proven to not be Anonymous then its anonymous.

>>2864597
This is probably what happened. They saw there were Monero wallets set up, but didnt have the passwords so they couldn't check the balance. So they're shit outta luck on that one. The seized Monero might as well not exist for them.

Tough shit, Feds.

I dont understand why the darknets didnt hop on this sooner. Probably cause they're lazy ass druggies.

>>2859211
And he created the most useful private crypto to date, where as you've done nothing. Huh, really makes you think

>>2864515
$espers$ on yobit

>>2864495
How many levels of anonymous can you be on?

File: 01cca3b1-baf2-4933-9c3f-9ee706ae0f81..jpg (20KB, 236x353px) Image search: [Google]

20KB, 236x353px

>>2862726

File: 1483916438119.png (68KB, 150x260px) Image search: [Google]

68KB, 150x260px

>>2864495

you are lying and misinformed.

https://www.coindesk.com/fbi-concerned-about-criminal-use-of-private-cryptocurrency-monero/

>"There are obviously going to be issues if some of the more difficult to work with cryptocurrencies become popular. Monero is one that comes to mind, where its not very obvious what the transaction path is or what the actual value of the transaction is except to the end users."

>>2861314
How do you know I'm not using my monero for a good cause, like donating to Niggers Anonymous or whatever other non-profit scam the "good guys on the right side of history" are currently balls deep in?

Problem with Monero to me is that it didn't moved much even during the golden rush of april and may

>>2864807
Anon, only shitcoins pumped. Monero set itself apart from the trash.

>>2864896
BTC went from $1000 to $3000 anon.

>One of the most important observations that we make here is that over 65% of inputs have an anonymity-set size of one. This means that these inputs are traceable by default.
https://drive.google.com/file/d/0B7e8g-wJId8md3FYUGF0TlB5NjQ/view

I like Monero and I think it will improve, but it isn't completely anonymous yet.

>>2864778
Sure would be a shame if they had to do actual police work.

>>2864917
>>2864807
Went from 10 to 50...

>>2864917
Like he said, only shitcoins pump.

>>2863143
I could say the same to you. I'm only stating facts. Monero was good once upon a time, but why bother with it when Ether manages to do everything Monero can plus more?

I'm legitimately asking, I simply don't understand why I should bother with Monero if Eth will render it useless.

>>2864961
I know you are trying to be ironic, but by definition everything except BTC is a shitcoin

File: 1483184440397.jpg (186KB, 536x593px) Image search: [Google]

186KB, 536x593px

>>2864961

ouch. poor buttcoiners, they have no idea what is about to hit them.

File: 1479906610838.jpg (29KB, 600x456px) Image search: [Google]

29KB, 600x456px

>>2864964

personally, fuck Vitalik and Ethereum, nothing can be anything and good at every single thing, I won't fall for that pre-mined scamcoin.

File: 21d.png (42KB, 550x309px) Image search: [Google]

42KB, 550x309px

>>2864971
>It's the newfag tries to predict death of BTC episode
I hate this trope, has been epidemic ever since 2010

File: 1496150802521.gif (465KB, 429x313px) Image search: [Google]

465KB, 429x313px

>>2864995

I have probably more Bitcoin than you (5) but I can see how Monero is way waaaay better.

>>2861941
It's Alexis Ren in a music video made by Jay Alvarez. They're on youtube - only about 6 of them so it's not hard to find.

>>2864932

>falling for jewish FUD

https://getmonero.org/2017/04/19/an-unofficial-response-to-an-empirical-analysis-of-linkability.html

>>2864990
>scamcoin
w/e

but really, help me understand. If Ether manages to do everything monero can, why should I or anyone else bother with Monero over a crypto that offers lots more?

Most markets already accept Ether.

>>2865056

>why should I

You don't need to, we don't need you, thats how the world works, the weak gets left behind.

>>2865001
You don't. But anyway, the value of Bitcoin doesn't stem from having better technology than its competitors, but from having proved that's actually a stable, secure and trustable coin that resisted countless crashes and fluctuations from the market over the course of 8 years. BTC is supposed to be store of value now, like digital gold.

Monero is good and one of the few useful coins I agree, but it fills a very specific niche as this level of privacy and anonymity doesn't have demand among the vast majority of people.

>>2865069

I don't have a problem with Bitcoin staying at the top forever, its not a scam.

>>2865081
Well, maybe I misunderstood you then, your other posts gave me the impression that you were one of those people declaring the death of BTC.

>>2865065
So there's literally no reason for ANYONE to buy this redundant garbage? Ok, got it.

If you can't give me a single reason, then clearly there isn't one.

>the weak gets left behind
yep, sucks for you

see ya

>>2865069
>stable

>>2865108
Compared to literally any other cryptocurrency yes, it is.

>>2865103

I'm not here to sell Monero, the ship has sailed.

>>2865099

Its not going to die, but won't stay at the top in each and every market for ever.

>>2865153
It may, or it may not. it's still the crypto with highest chance of making it.

>>2865056
You need to do some research on Ethereum with an eye for criticisms of it. I mean the whole thing is a rolling disaster so far but for some reason idiots don't want to know.

Also it is impossible for Ethereum to recreate what Monero does.

>>2865103
You're asking for advice on a Mongolian basket weaving forum and you don't think you're the one who's getting left behind? Sorry Monero doesn't have the shill budget of Jewish scams.

>>2864617
>They saw there were Monero wallets set up, but didnt have the passwords
Now that's bullshitting. That could just as well hold true for BTC. They could estimate the btc he owned but not know it for sure without the keys either.

>I dont understand why the darknets didnt hop on this sooner.
Because there are dozens of other cc's promising privacy

>>2865297
> the whole thing is a rolling disaster so far but for some reason idiots don't want to know.
That's because ETH has sth no other CC ever had, and that's the seal of approval from the big bros/corps. Even if it'll turn out to be a complete shit it'll moon again after a remake

>>2864617

if the alphabay debacle should illuminate anything for you, its that the people on the darknet are not as intelligent or savvy as they like to make themselves out to be.

The owner was literally operating out of a hotmail account with his real name.

What exchange do you guys use to buy Monero? I can't decide.

>>2866516
Anything other than Polo - it'll become a Mt. Gox 2.0 soon and you'll loose all funds there. Screencap this.

>>2866516
bittrex

>>2866702
>Mt. Gox 2.0

don't you mean 9.0?

>>2861583
Only as safe as your computer is

>>2866745
I mean that you should run away as soon as there's still some time for them to solve tickets concerning failed withdrawals from Polo to other exchanges.

>>2861979
I want Fluffypony to become the ironic /biz/ version of Daiz

>>2863132
Metropolis won't come anytime soon thanks to BTC politics (good thing, this stops retardation from fucking the code and spec) and it's optional privacy (shit thing, but forced privacy would never make it to core)

>>2864617
Darknet markets are started by amateurs and retards, once they go into the spotlight they have fuck ups from the past
Alphabay guy got busted by a rookie mistake

>>2866360
>They could estimate the btc he owned but not know it for sure without the keys either.
You shouldn't be investing in cryptocurrencies if you have this little understanding of how they work.

>Because there are dozens of other cc's promising privacy
But only Monero delivers

>>2861414
PIVX
Fastest privacy coin.
It's a fork of dash and it's actually probably the most exciting privacy counnin terms of potential.

>>2866726
say i want to buy monero with fiat instead of btc?

>>2869290
Not POLO. idk which one though gl

>>2869166
Pivx is junk. See this thread >>2863159

>>2869290
Kraken or Bitfinex. Idk if Bitfinex still has bank issues, so Kraken.

Someone give me the nonshill rundown on Monero please.

>>2870754
100% privacy by default and design, unlike other coins like zcash (aka nsacoin) and dash (lol masternodes, I can't believe you people fall for that kind of shit). It severely weakens the privacy of everyone involved to have an optional privacy system. Monero has everyone covered, no exceptions.

Dynamic blocksize, so no scaling debates like bitcoin.

2 min confirmation times, as opposed to btc 10.

Drawbacks are you still have to run a full node to take full advantage of the privacy offered. If you dont give a shit about privacy you can get a web wallet or park em on poloniex or something.

Community and devs are pretty serious about the technology and privacy aspect as opposed to worrying about the price.

All in all IMO its one of the most solid coins out there, and one of the few with an actual bright future.

>>2870828
Oh and, this is how serious they are about anonymity/privacy, they are currently working on their own implementation of i2p called kovri, so someone snooping on your node wouldn't even be able to tell you're using Monero in the first place.

>Can't tell you're using Monero
>Nobody can see who you paid
>Nobody can see how much you have, how much you've spent, how much you've received, anything.

>>2859333
Zcash is just a scam.
Drug lords know that and will never use it.

Monero on the other hand is fully trustless, decentralized and anonymous.

>>2870754
>>2870828
Would like to add that the always-on privacy is relevant even for people who don't care much about privacy themselves. It makes Monero fungible, like cash, because Monero coins have no history tied to them. With any other cryptocurrency, the entire history of a coin can be viewed. There could easily be "blacklisted" coins that people won't accept because they were used in crime, or for whatever other reason. I wrote an example scenario here: >>2868378
I think this is something that gets often overlooked. All historical currencies as well as precious metals have been fungible. It's pretty critical for using something as a store of value, yet Monero is the only coin with true fungibility.