Monero: Financial Anonymity, a Swiss Bank Account in your pocket.

Let me first point out that this was intended for /r/privacy but I think they ban crypto talk and didn’t wanna waste this post; if I have made a mockery of your favourite coin, it is not personal – I wish you every financial success, truly! If there’s anything you take issue with please let us discuss it

Crypto. Chok-a-blok filled with garbage, from DogeElonMars to CumCoin. It originated with Bitcoin, a decentralised open source internet currency that “hides the identity of its users”. Really, it gained much popularity when it became standard use as a form of payment on the Dark Web. I doubt I even need to mention Silk Road and Dread Pirate Roberts.

Well the thing is, Bitcoin has never been “anonymous”. From DAY 1, it has been a TRANSPARENT BLOCKCHAI*, meaning that every single coin ever mined has its complete transaction history associated with it. Where it’s been, where it was divided from, who it was sent to (wallet address) and from what time. With chainalysis companies like Cyphertrace, they can probably now also get ur IP, wouldn’t be surprised.

Monero is the answer to Bitcoins problems. Formed in 2014 as a fork of Bytecoin, XMR has the following properties:

  • One of the Oldest Cryptocurrencies on the market, 2014 launch. Before ETH.
  • Completely open source: the entire code can be both worked on, and audited, by anyone in the world. There is no founder, no ceo, no leader. The main developers are nearly all “pseudonymous” – we only know their online names.
  • WORLD CLASS CRYPTOGRAPHY employed to maintain Monero’s integrity. Don’t believe my words, the IRS has a $1.25 million bounty on cracking it.
  • Severely undervalued; multiple metrics used to predict Bitcoin’s price, such as stock to flow, which also do apply to other coins, put Monero’s current fair price at well over $1000. Ratio with Bitcoin has held strong despite SEVERE MANIPULATION from the powers that be: XMR is the most shorted coin in crypto. I wonder why? 🤔
  • Recently written article on NASDAQ on “the undervalued sleeping giant of crypto”

All of this is to say, if you care about privacy. If you want to keep your wealth in something FUNGIBLE (indistinguishable from each other like gold), fundamentally sound, and undervalued. Then buy Monero.

Want to cash out crypto gains? Convert to Monero first so that you’re anonymous. Want to bring hundreds of millions of dollars with you on an airplane? 12 words on a piece of paper is all it takes.

/r/Monero /r/xmrtrader

I would highly recommend Kraken exchange, LocalMonero, Bisq DEX, amongst others. We also now have trustless atomic swaps with Bitcoin, no third parties and completely anonymous.

One last thing. Fungibility is ESSENTIAL for a currency. Bitcoin isn’t fungible for the fact that it’s coins have their history connected to them. A Bitcoin transferred from a darknet market to a wallet, which was then sold to you for cash? Or sent from a friend? Deposit that on Coinbase, and you risk getting investigated. No such thing with Monero.

In the future it is highly likely that we see a secondary Bitcoin market: one trading at a discount to spot, which will be newly mined AND “non tainted” coins, while “dirty coins” which have less utility will likely be sold elsewhere for a discount. What’s the use in owning Bitcoin if no exchange will allow you to sell it? This is a huge future risk for Bitcoin.

submitted by /u/Fungible_ecash_XMR
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