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Monero

Monero is a privacy focused, PoW cryptocurrency that enables untraceable transactions through ring signatures. Monero launched in 2014 as a fork of Bytecoin.

Privacy coin

πŸ”‘ 64%

Reviews for Monero

πŸ”‘ 14 positive | πŸ’© 8 negative

πŸ’©

Seems pretty reasonable to me that almost all PoW-GPU coins that aren't ETH are prone to being 51% attacked, at least until ETH moves to full PoS, at which point it's likely to become XMR I think (could be even sooner depending on FFG economics).

2018-05-24 | Full Review

πŸ”‘

Monero and BTC are the only two cryptocurrencies I've ever publicly recommended for investment. I'm a big fan of the XMR devs and the Monero ethos.

Ari Paul, Co-founder and CIO of BlockTower Capital

2018-05-17 | Full Review

πŸ’©

I think that ASIC resistance is still incredibly unwise and that it worsens the ASIC centralization issue. (ASIC manufacturers have the incentive to mine with their ASICs until the parameters change, then sell them for use on forks)

2018-05-08 | Full Review

πŸ”‘

Monero is one of the few projects with a genuine community.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-04-30 | Full Review

πŸ’©

Monero is so centralized and editable [that] its devs can clandestinely plan surprise hard forks without miner manufacturers finding out. Good luck having that kind of shitcoin sustain any kind of government attack. . . . Anonymity is not a switch you can flick on.

2018-03-30 | Full Review

πŸ’©

All privacy technology comes with a cost, and unfortunately, Monero (and Zcash) style transactions have a very significant impact on scalability (spent coins db).

2018-03-01 | Full Review

πŸ”‘

Monero (symbol XMR) is the current leader of the privacy-focused digital currencies.

2017-01-03 | Full Review

πŸ”‘

Good progress on more space-efficient range proofs in Monero: https://getmonero.org/2017/12/07/Monero-Compatible-Bulletproofs.html
Bulletproofs will also hopefully lead to other improvements in Monero and elsewhere.

2018-07-19 | Full Review

πŸ’©

22 days until Monero has Ed25519 bulletproofs. But the real question is, how many days until a critical vulnerability arising from the naive repurposing of Ed25519 β€œref10” arithmetic is discovered?

2018-09-27 | Full Review

πŸ”‘

Monero is considered the gold standard among private coins largely because it started with domain experts in privacy who took all the right steps in the formation and design choices for a private coin.

2017-10-01 | Full Review

πŸ”‘

All private transactions. More tested privacy tech [than Zcash]. No tax on miners to pay investors. No high inflation . . . better investment.

2017-09-29 | Full Review

πŸ”‘

Like Bitcoin before them, the assets that have met a real economic need have done so by enabling a form of ownership or transaction that was not previously possible. Zcash and Monero, which both implement privacy as a feature of transactions, are good examples of this.

2017-12-05 | Full Review

πŸ”‘

Over $20 trillion is believed to be stored in the Cayman Islands and in Swiss bank accounts. These offshore accounts are used due to their discretion and privacy. Digital privacy tokens like Monero and Zcash will subsume this use case over time.

2018-05-02 | Full Review

πŸ”‘

Most of my concerns with BTC since 2013 have been around fungibility.

No one seems to care about the increasing sophistication of Bitcoin surveillance tools. The lack of attention there is why I'm overweight XMR.

2018-11-15 | Full Review

πŸ’©

Monero is an awesome coin as long as you’re not putting any strong faith in its privacy guarantees.

If you do, you’re dead. No joke. Not even breathing.

2018-03-02 | Full Review

πŸ”‘

You know Monero is the real deal because US Attorneys routinely have to say Β―\_(ツ)_/Β― in court filings describing seizures thereof.

2018-11-30 | Full Review

πŸ’©

Monero is less scalable [than Bitcoin] because you have to store all transaction outputs (key images) instead of just unspent transaction outputs, since Monero does not know which outputs are fully spent (for larger ring sizes). And these must all be stored in fast random access memory for double-spend prevention. That’s an ever-growing pile of data!

While in Bitcoin, you can offload older UXTOs to a slower memory, because the access pattern is β€œUXTOs die young.” Also, UXTO set grows much slower or even can be stable (β€œ1 UXTO per person”) while transaction volume grows forever.

Bitcoin scales way better than Monero or Zcash (that has the same requirement to store all β€œnullifiers” to prevent double spending).

2017-12-29 | Full Review

πŸ”‘

With Bitcoin or Ethereum, once you have transacted anything with your wallet, the person you transacted with can look at your wallet, see how much is in there, see how much you're spending, see which wallet it's going to, [and] see how much you've received.

If your bank provided that information to anybody who wanted it, would you be happy with your bank? I don't think so.

With privacy coinsβ€”and I keep saying Monero was the first and I still think the best, certainly the one used the most on the dark web . . . β€” nobody can see anything.

You can give them your wallet and they can see jack shit about what's in yours. They don't know who you are or where you came from. People looking at it don't know what you bought, who you bought it from, or what you sold or who you sold it to.

John McAfee, Software developer, founder of McAfee, CEO of MGT Capital Investments Inc.

2019-01-07 | Full Review

πŸ”‘

In theory, Zcash has better privacy than XMR; in practice, due to XMR's mandatory privacy, XMR is probably better overall but depends on what exactly you're doing and how.

Zcash is cooler crypto; XMR is relatively boring. Of course, boring and working is what you want in money.

2019-02-05 | Full Review

Privacy coin comparison

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