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Mastering Monero: The future of private transactions [pdf] (2019)

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Re: Mastering Monero: The future of private transactions [pdf] (2019)

#141

Post by superklondike »

forty wrote: post #45
EscapeFromNY wrote: post #19

Monero is perhaps the only cryptocurrency that both works as advertised, and has gathered a self-sustaining userbase. No $20 transaction fees. No influencer pump and dumps. No VCs who need to extract value. No fork drama. No unrealistic roadmap. No charismatic leader boiling the frog with scope creep. It's not trying to be an investment. It's actually private. It's actually anonymous. This is all a lot of us ever wan…

I'm curious, what are people purchasing with it?

Pretty much anything: https://monerica.com/

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#142

Post by koonsolo »

forty wrote: post #84
lordofgibbons wrote: post #67

Earlier quoted context omitted.

The whole point of monero is that it's none of other people's business what I buy with my money.

Sorry maybe my question was not well asked. I don't want to know what you buy, but more generally what can be bought with it.

This directory contains around 1300 businesses that accept monero: https://cryptwerk.com/pay-with/xmr/

If you take away the "crypto services" and alike (600), you get around 700 businesses.

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#143

Post by dachri »

Taek wrote: post #85

Going to mention this as a top level comment because a lot of people here seem to believe that Monero is an anonymous cryptocurrency. Unfortunately, techniques to break Monero's anonymity have been known since 2018, and these techniques are effective at breaking essentially any partial-mixing based cryptocurrency. (Monero, Lelantus, CoinJoin, Wasabi, etc). Initial attacks (famously The Flashlight Attack) were capable…

This problems have already been solved. Zcash is far away from being full privat its just opt-in privacy and not privat by default. And the structure that Zcash is a company is not good

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#144

Post by tbrownaw »

roenxi wrote: post #22

Might also consider https://www.getmonero.org/library/ which has links for both both Mastering Monero and the more technical "Zero to Monero" [0] where they go through the maths in detail. Monero really is quite something. It is eye opening to realise there has never been a situation where one person could simply transfer wealth to someone else without anyone in the middle being able to say No. A powerful tool for li…

> It is eye opening to realise there has never been a situation where one person could simply transfer wealth to someone else without anyone in the middle being able to say No.

I believe the traditional tool for this is a suitcase full of either cash or jewelry.

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#146

Post by i2cmaster »

forty wrote: post #45
EscapeFromNY wrote: post #19

Monero is perhaps the only cryptocurrency that both works as advertised, and has gathered a self-sustaining userbase. No $20 transaction fees. No influencer pump and dumps. No VCs who need to extract value. No fork drama. No unrealistic roadmap. No charismatic leader boiling the frog with scope creep. It's not trying to be an investment. It's actually private. It's actually anonymous. This is all a lot of us ever wan…

I'm curious, what are people purchasing with it?

For a long time I renewed my domain name with crypto because my bank's anti-fraud system got hung up on it for some reason (it does that with crypto too but buying more crypto is less time sensitive.)

I used it when originally trying jmp.chat out so I wouldn't have to worry about recurring charges/fraud etc.

I've bought some electronic components with it just to see it work.

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#147

Post by nonameking2026 »

jrm4 wrote: post #131
gota wrote: post #81

Earlier quoted context omitted.

Not to mention that in that same decade crypto coins have failed at everything but item 1 the instant payment systems solved the problem of digital money transfer beautifully (and legally) Yours is a great way to explain it. I'd say - bitcoin and siblings are 'inevitable' like drug trafficking, not like breathing air

I really like this analogy, especially if you go deep on "drug trafficking," -- a corrupted, but not "wholly corrupt" activity that has potential to be legitimized and thus there may be a need to consider something other than "legal annihilation." (as in bootlegging was also once drug-trafficking)

The government/big pharma just have a monopoly on drug trafficking.

Heroin bad/Codeine good. Prozac good/marijuana bad.

etc...

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#148

Post by krainboltgreene »

cedws wrote: post #126
EscapeFromNY wrote: post #19

Monero is perhaps the only cryptocurrency that both works as advertised, and has gathered a self-sustaining userbase. No $20 transaction fees. No influencer pump and dumps. No VCs who need to extract value. No fork drama. No unrealistic roadmap. No charismatic leader boiling the frog with scope creep. It's not trying to be an investment. It's actually private. It's actually anonymous. This is all a lot of us ever wan…

It's one of the first technologies in history that enables completely private exchanges of currency. Whether you're a cryptocurrency hater or not, that's pretty cool.

> It's one of the first technologies in history that enables completely private exchanges of currency.

Monero pre-dates dead drops?

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#149

Post by nonameking2026 »

HideousKojima wrote: post #16
jrm4 wrote: post #4

Earlier quoted context omitted.

Yup. It's always felt like there's a disproportionate amount of hate for crypto -- not that people should like it or love it, but that I'm surprised that tech people here don't appear to understand its inevitability. So it seems like they treat it as something to be killed (impossible) as opposed to something to buckle up and get ready to manage (more or less like they correctly do with AI.)

>inevitability I think it's the crypto bros who misunderstand it's "inevitability." Crypto has far, far fewer practical applications than the people pushing for it it claim. There are two useful situations for crypto: 1) Where you need a trustless distributed consensus method or database (and where the Oracle Problem doesn't get in your way). Trustless is the key word here, 99% of the time that someone proposes a pot…

Maybe if you lived in some 3rd world countries - you could find more utility for it. Hyperinflation is the default for some countries, being able to keep some evil dictators from your money might be a good thing.

F.x. instead of your money funding illegal wars in Libya you could save some of that wealth and try to build a better future.

Re: Mastering Monero: The future of private transactions [pdf] (2019)

#150

Post by nonameking2026 »

suslik wrote: post #65
Yizahi wrote: post #53

Earlier quoted context omitted.

I can send money in minutes too from bank to bank, internationally and domestically. I could do it for years now. Some very big sums require approval and are delayed. But guess what - it's not a technical limitation but a legal one. It not like some TCP packet can transmit wire transfer of 1000 dollars and unable to do so for 50000 dollars. And we as society do want to control large sum transfers, unless we want to e…

> I can send money in minutes too from bank to bank, internationally To any country of your choosing? I doubt that.

Bitcoin will be imported with immigrants to the 1st world.
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