Question from a crypto perspective

I've been trying to gauge sentiment. Feels like after alpha Bay went down a lot of people noticed now effective monero was at hiding the true value/location of the crypto asset.

Is monero going to become more mainstream on future markets and are there any other coins you guys would prefer to use instead of BTC if given the option?


Comments


[2 Points] taimapanda:

There are a few privacy focused cryptos but Monero seems to be the most efficient and also uses tried and tested techniques (RingCT). Transactions are quick and painless compared to, for example, zcash which uses something dumb like 2.7gb of RAM and a minute to compute a transaction (by your pc, not by the network).

Something important to note also is that although the coin has an unlimited supply it actually tapers off massively, I can't remember the exact number but coins aren't going to be endlessly produced as people might imagine.

I'll fully admit that I support Monero and those others coins probably aren't terrible. Obviously this site is built by Monero supporters too but you can check out the link anyway for some reasons why Monero is gr8 in comparison to the alternatives: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php

Also never heard of PIVX but I saw a graphic they were sharing which is blatantly misleading so I'm immediately put off for that coin.

Yes I think all vendors should start accepting monero, it seems very stable right now and has some really great support/community. The only reason it hasn't been implemented on more markets is because it's not as simple as almost every other crypto, it isn't a bitcoin fork. At least if a market finds it impossible to implement Monero they're probably not a market we can trust, lol.

Oh also one more thing there is currently a contest being held with a rollover prize for anyone that can trace the course of 23 monero, nobody has claimed it in the few days it's been active.


[1 Points] _PrinterPam_:

What you've likely noticed is a ton of loud voices which took the opportunity to shill/lobby for a cryptocurrency they sunk some money into early in the hopes of a giant windfall if they could just get all the stupid people to get on board.

Could it truly be the bee's knees? Maybe. It's just too soon to tell. Plus, by the time we know one way or the other...something even better might have come along that would make Monero completely obsolete. Only time will tell, so anything you read about it at the moment is nothing short of speculation.


[1 Points] bebopx2:

Well, I have been watching this whole DNM saga and had a thought or two. Firstly, I spent years on and off of all the places one might find items of interest. I befriended many people and found trusted people. So, some might look at a DNM , and if one was paying attention, anyone could see holes in the system, better or worse. So, some get crafty and say, "If i wanted a whole lot of this flawless chemical, this person will likely take care of that." So, poof!...a couple letters over months solve this problem, especially when considering volatility. So, again, you have DDs with pros, acquire a lifetime supply of said luxurious compound. So having a goal of "lifetime supply", that problem was solved. Moratorium on orders at that point, so mission accomplished. I watch. I have had 100 accounts here, and even if you don't think you know me, you might. I knew spending years seeking things through a system designed to trap buyers, why risk it? Get what you want and walk away. Long story short, if you want no missing packs, no extreme paranoia, no constant Belize fantasies, save yourself the trouble. Have a goal, don't be stupid, attain the goal, and walk away. Like, if you find a place to get it, and it is good, say, LSD, buy a shitload and store it right and you will be good for years. It ain't rocket science, and you you be surprised at how many others watch, in amazement, as some wander aimlessly looking for something people were giving away a while back. If you were in the right garden, you may have been lucky enough to get free things people could not give away fast enough. Make your move(s), and have an exit plan. It is not rocket science. I think, despite the good things about the DNMs, that they are a limited hang out.