11-22-2021, 12:33 PM
Why I am extremely bullish on XMR
<!-- SC_OFF --><div class="md"><p>Monero is what everyone thought bitcoin was about. Private, secure, ultra low fees, untraceable and truly decentralized.</p> <p>Decentralization: Monero is ASIC resistant and CPU mineable, that means it would be extremely hard for someone to attempt to centralize it. It is also profitable to mine it off of your CPU.</p> <p>Privacy: There is a reason that XMR (Monero) is known as the king of privacy coins. It is untraceable. The IRS/DHS still have large multi million dollar bounties that no one is able to claim (and if they are able to, the devs can always change the code and their back to square one). The hardest part is going to be to finding out if/when they crack it. People are recognizing their privacy as more and more important, I personally am extremely bullish on XMR. </p> <p>Low fees: This speaks for itself, the block times are two min long. As well as the fact that the average transaction is measured in the cents instead of dollars. The average transaction is 12 cents.</p> <p>There is the commonly used argument that Monero is only used by criminals, while some criminals do utilize XMR, the vast majority of them are done in Fiat such as the US dollar, since Monero does leave some sort of a trial (mostly on exchanges and in your wallet), while has is not. That is why cash will always be king for criminals.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/LifeIsMeaningLess--"> /u/LifeIsMeaningLess-- </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qyy1wv/why_i_am_extremely_bullish_on_xmr/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qyy1wv/why_i_am_extremely_bullish_on_xmr/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Monero is what everyone thought bitcoin was about. Private, secure, ultra low fees, untraceable and truly decentralized.</p> <p>Decentralization: Monero is ASIC resistant and CPU mineable, that means it would be extremely hard for someone to attempt to centralize it. It is also profitable to mine it off of your CPU.</p> <p>Privacy: There is a reason that XMR (Monero) is known as the king of privacy coins. It is untraceable. The IRS/DHS still have large multi million dollar bounties that no one is able to claim (and if they are able to, the devs can always change the code and their back to square one). The hardest part is going to be to finding out if/when they crack it. People are recognizing their privacy as more and more important, I personally am extremely bullish on XMR. </p> <p>Low fees: This speaks for itself, the block times are two min long. As well as the fact that the average transaction is measured in the cents instead of dollars. The average transaction is 12 cents.</p> <p>There is the commonly used argument that Monero is only used by criminals, while some criminals do utilize XMR, the vast majority of them are done in Fiat such as the US dollar, since Monero does leave some sort of a trial (mostly on exchanges and in your wallet), while has is not. That is why cash will always be king for criminals.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/LifeIsMeaningLess--"> /u/LifeIsMeaningLess-- </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qyy1wv/why_i_am_extremely_bullish_on_xmr/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qyy1wv/why_i_am_extremely_bullish_on_xmr/">[comments]</a></span>Kind Regards R