Bitcoin Core version 0.18.0 released

Subreddit Stats: CryptoTechnology top posts from 2017-12-23 to 2020-01-20 15:51 PDT

Period: 758.36 days
Submissions Comments
Total 956 13660
Rate (per day) 1.26 18.01
Unique Redditors 584 3144
Combined Score 21553 44566

Top Submitters' Top Submissions

  1. 1166 points, 43 submissions: Neophyte-
    1. "Do you need a Blockchain?" - this paper is fantastic, everyone should read this before evaluating a coin and if requires a block chain to solve a solution the coin is promising to solve. (136 points, 41 comments)
    2. Do any of you foresee a crypto being widely adopted as a general purpose payment coin? nano, btc, btccash etc (take your pick). I think it won't happen for reasons in this post. What do you think? (59 points, 54 comments)
    3. Noticed the huge rise of EOS lately what does it have over NEO and ethereum and to a lesser extent Cardano? I tried researching it, but wasn't sold. (54 points, 55 comments)
    4. Hard Problems in Cryptocurrency: Five Years Later ~Vitalik (46 points, 1 comment)
    5. I had a Q&A with Bruno head architect / CEO of oyster, thought you guys might like it. (45 points, 2 comments)
    6. A good article that explains in simple terms how Eth2 works, how it will be rolled out and migrated from eth1 (42 points, 4 comments)
    7. DAI the stablecoin can now be transferred GAS free (article explaining how it works via new MCD DAI contract). This holds alot of promise for the so called "Web3" (40 points, 8 comments)
    8. Veriblock is consuming 27% of bitcoins block space - what does this mean for bitcoins future? (39 points, 16 comments)
    9. Vitalik: Alternative proposal for early eth1 <-> eth2 merge (38 points, 3 comments)
    10. Is launching a PoW permissionless blockchain still possible today? or would it be too susceptible to a 51% attack? (37 points, 37 comments)
  2. 578 points, 16 submissions: crypto_ha
    1. Why is Ripple considered a cryptocurrency (by many)? (109 points, 63 comments)
    2. So reportedly there are serious vulnerabilities found in EOS’ code. And it seems like those are more than just random software bugs. (97 points, 29 comments)
    3. Guide: How to get started with Blockchain development? (60 points, 6 comments)
    4. A newly found vulnerability in Nano's Android wallet (44 points, 12 comments)
    5. The history and state of Ethereum's Casper research - Vitalik Buterin (39 points, 4 comments)
    6. What is the difference between Sidechain vs Child Chain vs Off Chain? (39 points, 12 comments)
    7. EOS mainnet is official live (finally), but... (36 points, 24 comments)
    8. Bitcoin's "doomsday" economics - Bank of International Settlements (34 points, 23 comments)
    9. How Wall Street’s embrace could undermine Bitcoin (30 points, 9 comments)
    10. Ethereum ERC 1497: DApp Dispute Evidence Standard (24 points, 0 comments)
  3. 513 points, 20 submissions: ndha1995
    1. Ethereum Classic is currently being 51% attacked (103 points, 31 comments)
    2. Why are there so many garbage posts the past 24 hours? (58 points, 10 comments)
    3. Google Unveils 72-Qubit Quantum Processor With Low Error Rates (48 points, 24 comments)
    4. IOTA's Network-Bound PoW consensus, is it feasible? (42 points, 13 comments)
    5. The Challenges of Investigating Cryptocurrencies and Blockchain Related Crime (29 points, 7 comments)
    6. Deep dive into zk-STARKs with Vitalik Buterin's blog posts (26 points, 3 comments)
    7. Tether discussion thread (26 points, 21 comments)
    8. Vitalik Buterin Proposes a Consensus Algorithm That Requires Only 1% to Be Honest (24 points, 8 comments)
    9. Can somebody compare Qtum vs. NEO, technology-wise? (E.g. PoS vs. PoW; smart contract protocols...) (21 points, 15 comments)
    10. Introduction to Non Fungible Tokens (NFTs) (21 points, 9 comments)
  4. 377 points, 16 submissions: turtleflax
    1. Around 13% of DASH's privateSends are traceable to their origin (69 points, 3 comments)
    2. "Big Bang" attack could leverage Monero's dynamic blocksize to bloat the blockchain to 30TB in only 36 hours (52 points, 3 comments)
    3. The case for the obsolescence of Proof of Work and why 2018 will be the year of Proof of Stake (41 points, 29 comments)
    4. Monero vs PIVX: The First Scheduled Privacy Coin Debate Thread on /CryptoCurrency (38 points, 12 comments)
    5. Introducing the Privacy Coin Matrix, a cross-team collaboration comparing 20 privacy coins in 100 categories (26 points, 25 comments)
    6. Do permissioned blockchains have any merits? (25 points, 23 comments)
    7. The State of Hashing Algorithms — The Why, The How, and The Future (21 points, 4 comments)
    8. How Zerocoin Works in 5 Minutes (19 points, 5 comments)
    9. Errors made by Satoshi (17 points, 8 comments)
    10. How Much Privacy is Enough? Threats, Scaling, and Trade-offs in Blockchain Privacy Protocols - Ian Miers (Cornell Tech, Zerocoin, Zerocash) (17 points, 4 comments)
  5. 321 points, 6 submissions: Qwahzi
    1. Technical comparison of LIGHTNING vs TANGLE vs HASHGRAPH vs NANO (133 points, 37 comments)
    2. Addressing Nano's weaknesses (bandwidth usage and disk IO). Nano voting traffic to be reduced by 99.9% by implementing vote by hash, lazy bootstrapping, and reduced vote rebroadcasting (x-post CryptoCurrency) (78 points, 8 comments)
    3. Emergent centralization due to economies of scale (PoW vs DPoS) – Colin LeMahieu (52 points, 37 comments)
    4. Nano community member developing a distributed "mining" service to pay people to do PoW for third-parties (e.g. exchanges, light wallet services, etc) (32 points, 20 comments)
    5. What do you think about OpenCAP, the cryptocurrency alias protocol that mirrors traditional email addresses? (15 points, 12 comments)
    6. Bitcoin would be a calamity, not an economy (11 points, 52 comments)
  6. 256 points, 4 submissions: rockyrainy
    1. Bitcoin Gold hit by Double Spend Attack (51% attack). The Attacker reversed 22 blocks. (179 points, 102 comments)
    2. ZK-starks white paper published (44 points, 16 comments)
    3. [Q] How does a network reach consensus on what time it is? (21 points, 17 comments)
    4. Stateless (no history) Cryptocurrency via snapshots? (12 points, 7 comments)
  7. 244 points, 3 submissions: HSPremier
    1. From a technical standpoint: Why does every blockchain projects need their own coins? (181 points, 50 comments)
    2. What is Reddit's obsession with REQ? (61 points, 43 comments)
    3. What is the technological difference between a privacy coin and a privacy coin platform? Won't a privacy coin platform be more superior than a privacy coin? (2 points, 3 comments)
  8. 234 points, 2 submissions: Realness100
    1. A Guided Reading of Bitcoin’s Original White Paper (202 points, 10 comments)
    2. A Guided Reading of Ethereum's Original White Paper! (32 points, 5 comments)
  9. 185 points, 4 submissions: tracyspacygo
    1. My brief observation of most common Consensus Algorithms (159 points, 49 comments)
    2. What are the main Trends/Challenges for Bitcoin and whole crytpocurrencies industry? (12 points, 33 comments)
    3. Guideline for Newbies: Trying out Bitcoin transactions with TESTNET (7 points, 1 comment)
    4. Most advanced Cryptocurrencies Comparison Table (7 points, 8 comments)
  10. 177 points, 9 submissions: benmdi
    1. What's the best argument against cryptotechnology? I.e. Steelman the cryptocurrency skeptic (43 points, 42 comments)
    2. Would there be interest from this community in crypto resources aimed at developers? If so, what topics? (29 points, 14 comments)
    3. Has the window for bootstrapping a new PoW coin closed? (24 points, 57 comments)
    4. What can we, as a community, learn from the rise & acquisition of GitHub (23 points, 8 comments)
    5. 🍱 Rollup Roundup: Understanding Ethereum's Emerging Layer 2 (19 points, 1 comment)
    6. Video Tutorial: Introducing An Experience Dev To Smart Contract Coding (17 points, 3 comments)
    7. Do we need a blockchain to be decentralized? What questions would you ask a self described fan of decentralization, but blockchain skeptic? (11 points, 19 comments)
    8. ETH Block Rewards And Second Order Effects On Hardware Availability (7 points, 8 comments)
    9. Which Of The Big Tech Companies Is Most Likely To Bring Crypto Mainstream? Here's Why I Think It's Apple (4 points, 7 comments)
  11. 175 points, 9 submissions: galan77
    1. Is the Lightning Network a massive threat to the blockchain? (49 points, 66 comments)
    2. TPS of Lightning Network vs. Sharding, which one does better? (28 points, 7 comments)
    3. Are there any major downsides to sharding? (21 points, 33 comments)
    4. What's the difference between trustlessness and permissionlessness (19 points, 7 comments)
    5. Which consensus algorithm is the best, PoW, PoS, PoAuthority, PoAsset? (18 points, 57 comments)
    6. How can XRP reach 50,000 TPS when they have no sharding and every node has to validate every single transaction. (15 points, 14 comments)
    7. A few questions about the Lightning Network (14 points, 6 comments)
    8. Pascalcoin can do 72,000 tps apparently. Is this legit? The new Nano? (8 points, 39 comments)
    9. How does Ripple's (XRB's) consensus algorithm Proof of Correctness work, are there any downsides? (3 points, 23 comments)
  12. 175 points, 1 submission: ilielezi
    1. Why white papers in crypto world are so unprofessional? (175 points, 88 comments)
  13. 165 points, 6 submissions: CryptoMaximalist
    1. Facebook's Libra (48 points, 55 comments)
    2. “Fake Stake” attacks on some Proof-of-Stake cryptocurrencies responsibly disclosed by researchers from the Decentralized Systems Lab at UIUC (31 points, 9 comments)
    3. Quantum Computing and the Cryptography in Crypto (27 points, 14 comments)
    4. PING and REJECT attacks on ZCash (Patch available) | Stanford Applied Crypto Group (22 points, 1 comment)
    5. Introduction to Cryptography: Part 1 - Jinglan Wang (19 points, 1 comment)
    6. New site howmanyconfs.com shows the amount of time and confirmations of Proof of Work coins to match 6 confirmations on Bitcoin (18 points, 11 comments)
  14. 163 points, 10 submissions: GainsLean
    1. Videos For Developers Who Want To Learn Blockchain In A Practical Way (36 points, 17 comments)
    2. What Do You Want To Learn? (32 points, 20 comments)
    3. Get Involved With The Smart Contract Coding Challenge (25 points, 4 comments)
    4. Solution To $10K Art Prize (25 points, 3 comments)
    5. Blockchain Course Outline Has Been Released - Feedback warranted (22 points, 12 comments)
    6. Introduction To Distributed Systems And Consensus Protocols (9 points, 2 comments)
    7. Are there any closed source crypto wallets? (4 points, 19 comments)
    8. Are there any successful proof of identity projects? (4 points, 8 comments)
    9. SPV Wallets Vs API Wallets (4 points, 1 comment)
    10. 12 Popular Consensus Algorithms - Explained (2 points, 0 comments)
  15. 163 points, 7 submissions: QRCollector
    1. Part 5. I'm writing a series about blockchain tech and possible future security risks. This is the fifth part of the series talking about an advanced vulnerability of BTC. (43 points, 43 comments)
    2. I'm writing a series about blockchain tech and possible future security risks. This is the third part of the series introducing Quantum resistant blockchains. (36 points, 4 comments)
    3. Part 4B. I’m writing a series about blockchain tech and possible future security risks. This is the fourth part of the series explaining the special quality of going quantum resistant from genesis block. (25 points, 21 comments)
    4. Part 6. (Last part) I'm writing a series about blockchain tech and possible future security risks. Failing shortcuts in an attempt to accomplish Quantum Resistance (24 points, 38 comments)
    5. I'm writing a series about blockchain tech and possible future security risks. This is the first part of the series introducing the basic concept of blockchain and what makes it reliable. (23 points, 10 comments)
    6. I'm writing a series about blockchain tech and possible future security risks. This is the fourth part of the series explaining the special quality of going quantum resistant from genesis block. (7 points, 1 comment)
    7. Part 2. I'm writing a series about blockchain tech and possible future security risks. This is the second part of the series: An accessible description of hashing and signature schemes. (5 points, 0 comments)
  16. 162 points, 3 submissions: FashionistaGuru
    1. How do we change the culture around cryptocurrency? (118 points, 54 comments)
    2. Which cryptos have the best new user experience? (30 points, 34 comments)
    3. Why does Apple prevent many crypto apps from entering the App Store? (14 points, 8 comments)
  17. 157 points, 7 submissions: SamsungGalaxyPlayer
    1. Breaking Monero Episodes 1-3: Introduction, Ring Signatures, 0-Decoy and Chain Reactions (45 points, 1 comment)
    2. "No, dPoW Isn't a Perfect Solution" (35 points, 48 comments)
    3. Breaking Mimblewimble’s Privacy Model - Dragonfly Research (27 points, 10 comments)
    4. Breaking Monero (and Zcash) Episodes 7-9: Remote Nodes, Timing Attacks, Poisoned Outputs (EAE Attack) (21 points, 2 comments)
    5. "Attacker Collection of IP Metadata" (18 points, 10 comments)
    6. "Tracing Transactions Across Cryptocurrency Ledgers" Using Shapeshift and Changelly (6 points, 4 comments)
    7. Breaking Monero Episodes 4-6: Chain Splits (Key Image Attack), Input Selection Algorithm, Unusual Ringsize (5 points, 2 comments)
  18. 147 points, 1 submission: shunsaitakahashi
    1. Proof-of-Approval: Stake Based, 1 Block Finality & History Attack Defense (147 points, 4 comments)
  19. 146 points, 6 submissions: themoderndayhercules
    1. "The selfish mining fallacy" explained and debunked (60 points, 8 comments)
    2. A Discussion of Stable coins and Decentralized Oracles (35 points, 8 comments)
    3. A Selfish Mining Double Spending attack Simulator (25 points, 2 comments)
    4. Why reputation systems don't work (15 points, 12 comments)
    5. A better incentivization for Swarm (6 points, 0 comments)
    6. When Mises met Szabo - A Discussion of the value of Bitcoin (5 points, 16 comments)
  20. 143 points, 7 submissions: KomodoWorld
    1. Komodo Platform's core developer and founder jl777 has started his own blog on Medium. The blog is aimed for senior developers who want to learn about blockchain. (46 points, 15 comments)
    2. Delayed Proof of Work (dPoW) security explained (36 points, 46 comments)
    3. Proof-of-Gameplay (19 points, 3 comments)
    4. Good guide for getting started with the Custom Consensus tech for Komodo-based blockchains (17 points, 0 comments)
    5. Cross-chain migration of coins with Crypto Conditions - by smk762 (12 points, 0 comments)
    6. A step-by-step example of working with a Crypto Conditions based Oracle - by smk762 (10 points, 0 comments)
    7. Changing consensus rules on the fly with Crypto Conditions (3 points, 0 comments)
  21. 141 points, 8 submissions: Stormy1997
    1. What technical/business advantages does a private blockchain have over a SQL server? (49 points, 79 comments)
    2. Is sharding to scale bad? (24 points, 28 comments)
    3. How would one create a fiat gateway theoretically? (19 points, 19 comments)
    4. Looking for Stellar smart contract/side chain code examples (16 points, 1 comment)
    5. Question - Securing personal information on a centralized server with user-owned keys (13 points, 3 comments)
    6. How do blockchains/smart contracts communicate with oracles? (10 points, 4 comments)
    7. Bandwidth scaling for TPS (8 points, 2 comments)
    8. Best method to transmit detailed data between two parties via existing platforms (2 points, 1 comment)
  22. 141 points, 3 submissions: seventyfiver
    1. Why does Ethereum use Solidity while other ecosystems like NEO stick with popular ones like Java and C#? (94 points, 26 comments)
    2. Chainlink's initial Go implementation went live this morning. Has anyone reviewed the code and can comment on it's quality? (40 points, 3 comments)
    3. What are some great books on cryptoeconomics or blockchain technology? (7 points, 4 comments)
  23. 134 points, 6 submissions: johnny_milkshakes
    1. Sub dedicated to DAG based coins (42 points, 8 comments)
    2. Thoughts on this? (28 points, 38 comments)
    3. This is very interesting (24 points, 19 comments)
    4. Educational presentation by Clara Shikhelman (18 points, 0 comments)
    5. Ethics question. (12 points, 40 comments)
    6. How to scale on chain? (10 points, 30 comments)
  24. 127 points, 4 submissions: sukitrebek
    1. What are you currently obsessed with, and why? (58 points, 150 comments)
    2. Crypto-based social network without a cryptocurrency. (42 points, 23 comments)
    3. How does underlying architecture affect what kinds of applications are possible? (17 points, 3 comments)
    4. Holochain vs. Radix DLT (10 points, 11 comments)
  25. 126 points, 1 submission: RufusTheFirefly
    1. Everytime I try to investigate the technology behind Cardano(Ada), I come across the words "scientific" and "peer-reviewed" over and over but almost no actual details. Can someone fill how this coin actually works and where they are in development? (126 points, 49 comments)
  26. 112 points, 1 submission: rocksolid77
    1. Can we have a real debate about the Bitcoin scaling issue? (112 points, 89 comments)
  27. 110 points, 4 submissions: kelluk
    1. What one can learn from browsing 30 million Ethereum addresses (72 points, 21 comments)
    2. I wanted to categorize all coins/tokens, and this is my proposal (23 points, 33 comments)
    3. Should whitepapers be understood by ordinary people? (10 points, 41 comments)
    4. Querying the Ethereum blockchain: how to & what to? (5 points, 5 comments)
  28. 107 points, 1 submission: NewDietTrend
    1. Outside of currency and voting, blockchain is awful and shouldnt be used. Can anyone explain where blockchain is worth the cost? (107 points, 166 comments)
  29. 105 points, 1 submission: insette
    1. /CryptoTech PSA: there are broadly TWO TYPES of Decentralized Exchanges. Which type are you investing in? (105 points, 55 comments)
  30. 103 points, 3 submissions: dtheme
    1. How to accept crypto payments for digital downloads if you are a small business? Solutions, e-commerce sites are lacking (46 points, 38 comments)
    2. How many 24 letter seeds and "Bitcoin" keys can there be? (34 points, 24 comments)
    3. Is there any reason why the big tech companies are not getting into crypto? (23 points, 36 comments)
  31. 103 points, 3 submissions: dvnielng
    1. Why do so many of these businesses need a token? (Unsure) (61 points, 86 comments)
    2. DAPPS - Only coins that have intrinsic value? Ethereum , Neo? (31 points, 10 comments)
    3. How could blockchain work for expensive purchases/escrow? (11 points, 2 comments)
  32. 101 points, 1 submission: kickso
    1. Is NANO everything it says it is? (101 points, 96 comments)
  33. 98 points, 3 submissions: heart_mind_body
    1. How can we breathe some life into this sub? (56 points, 22 comments)
    2. Can anyone give an example for a technology that provides a "public permissioned blockchain"? (28 points, 16 comments)
    3. Can we do a discussion on ICON and "clusters of private chains connected to a public chain" ? (14 points, 13 comments)
  34. 97 points, 8 submissions: kelraku
    1. Thoughts on Mimblewimble? (23 points, 13 comments)
    2. Has anyone looked at the lelantus protocol? (18 points, 6 comments)
    3. How much control do developers have over the coins (18 points, 6 comments)
    4. Lesser known protocols? (11 points, 17 comments)
    5. Zerocoin and Blockchain Analysis (9 points, 5 comments)
    6. Zerocoin vs Cryptonote (7 points, 14 comments)
    7. Lightning network privacy (6 points, 13 comments)
    8. Integrity of the DAG (5 points, 17 comments)
  35. 96 points, 6 submissions: blockstasy
    1. How to Get to One Million Devs (32 points, 12 comments)
    2. The Decade in Blockchain — 2010 to 2020 in Review (27 points, 4 comments)
    3. Ethereum by the Numbers – The Year of 2019 (26 points, 9 comments)
    4. Knowledge Drop: Mining and the role it plays with the Ethereum blockchain (5 points, 0 comments)
    5. A great article that explains Ethereum’s Muir Glacier Update (4 points, 0 comments)
    6. Youtube Silences Crypto Community (2 points, 6 comments)
  36. 93 points, 3 submissions: OneOverNever
    1. Which is the last WHITE PAPER you've read that's truly impacted you? (77 points, 81 comments)
    2. [CMV] Bitcoin's intrinsic technological value. (14 points, 29 comments)
    3. What are some weak points that still hold XVG back from becoming a top player in crypto? (Technically speaking, not marketing and etc.) (2 points, 19 comments)
  37. 93 points, 3 submissions: ryano-ark
    1. (ARK) ACES Completes Integration of ARK Channels for Two-way Transfers for Easy ICOs When Paired With ARK Deployer (Push-Button-Blockchains) (57 points, 5 comments)
    2. (ARK) ACES Releases Fast (Ansible) Deployments for all ACES Applications. (23 points, 4 comments)
    3. A Future of Cryptocurrencies and Blockchains (13 points, 3 comments)
  38. 92 points, 2 submissions: BobUltra
    1. Our blockchains are all centralized! (51 points, 34 comments)
    2. List of qualities needed to dethrone Bitcoin. (41 points, 43 comments)
  39. 90 points, 1 submission: refreshx2
    1. CMV: It doesn't make sense for (crypto)companies to create coins linked to their tech (90 points, 18 comments)
  40. 89 points, 1 submission: perceptron01
    1. What does Nano do better than Steem? (89 points, 55 comments)
  41. 87 points, 1 submission: Shuk
    1. How does one begin to develop an employable skill in blockchain development? (87 points, 25 comments)
  42. 87 points, 1 submission: conorohiggins
    1. I spent three weeks researching and writing a huge guide to stablecoins. Enjoy! (87 points, 36 comments)
  43. 86 points, 1 submission: Bacon_Hero
    1. ELI5: Why did it take so long for blockchain technology to be created? (86 points, 66 comments)
  44. 85 points, 3 submissions: theFoot58
    1. If crypto now is like 'the Internet' of the past, where are we? (65 points, 53 comments)
    2. If the Internet had its Genesis Block, what would it be? (14 points, 9 comments)
    3. Coin grouping - ruby and CryptoCompare API (6 points, 1 comment)
  45. 85 points, 1 submission: youngm2
    1. Which decentralised exchange has the most promise for 2018? (85 points, 89 comments)
  46. 84 points, 4 submissions: bLbGoldeN
    1. On Mass Adoption of Cryptocurrencies (28 points, 68 comments)
    2. Join the Bloom team for our first tech AMA tomorrow (Tuesday, March 13th) at 7 PM GMT! (23 points, 2 comments)
    3. Join the Decred team for an AMA - Friday, June 1st from 19:00 to 22:00 UTC (17 points, 10 comments)
    4. Join the district0x team for an AMA Monday, April 2nd at 5:00 PM (GMT) (16 points, 0 comments)
  47. 82 points, 2 submissions: SubsequentDownfall
    1. Has a 51% attack ever been witnessed? (45 points, 46 comments)
    2. Is a DAG coin like RaiBlocks able to be private like Monero? (37 points, 40 comments)
  48. 82 points, 2 submissions: guidre
    1. Tron and other source Code (42 points, 24 comments)
    2. Why Will companies adopt blockchain, the user interface is complex and i'm not sure that many companies want all their internal dealings made public. (40 points, 19 comments)
  49. 81 points, 4 submissions: solar128
    1. New Atomic Swap Tools Released (35 points, 4 comments)
    2. Using Blockchain to make a censorship-resistant Reddit (28 points, 14 comments)
    3. Best security practices for addressing Spectre & Meltdown (13 points, 0 comments)
    4. Influence of on-chain governance weighted by wealth - good or bad? (5 points, 2 comments)
  50. 81 points, 2 submissions: Blockchainsapiens
    1. Blockchain study finds 0.00% success rate and vendors don't call back when asked for evidence (47 points, 30 comments)
    2. The elephant in the room: would the public ever use a volatile currency over a stable currency? (34 points, 45 comments)
  51. 81 points, 1 submission: Mycryptopedia
    1. Understanding the Tech Behind RaiBlocks (81 points, 7 comments)
  52. 81 points, 1 submission: davidvanbeveren
    1. Article thoroughly analysing / comparing IOTA and RaiBlocks (x-post /CryptoCurrency) (81 points, 10 comments)
  53. 77 points, 4 submissions: DeleteMyOldAccount
    1. HD Wallets Explained: What they are, and how to make them coin agnostic (28 points, 11 comments)
    2. Bitcoin Cash May 15th fork (23 points, 22 comments)
    3. So you want to build a Bitcoin HD wallet? Part 1 (23 points, 3 comments)
    4. Applications of Blockchain in Supply Chain (3 points, 9 comments)
  54. 76 points, 3 submissions: kryptofinger
    1. Why would anyone bother using any DPOS coins for dapps like Eos over normal systems like AWS? (44 points, 104 comments)
    2. Could a state backed privacy coin work? (22 points, 32 comments)
    3. Thoughts on Elastos? (10 points, 8 comments)
  55. 76 points, 1 submission: francohab
    1. 55% of the Nano representative nodes are "official representatives", presumably held by developers. How big of an issue is that? (76 points, 46 comments)
  56. 75 points, 2 submissions: MerkleChainsaw
    1. The biggest challenge for cryptocurrencies and how to mitigate it (73 points, 37 comments)
    2. Short and long term design tradeoffs in crypto (2 points, 2 comments)
  57. 75 points, 1 submission: jatsignwork
    1. Raiblocks & Spam (75 points, 60 comments)
  58. 74 points, 1 submission: behindtext
    1. Hello, this is Jake Yocom-Piatt. Ask me anything about Decred! (74 points, 49 comments)
  59. 73 points, 2 submissions: TexasRadical83
    1. Why use a new "currency" at all? (40 points, 48 comments)
    2. Why are big price increases for crypto a good thing? (33 points, 41 comments)

Top Commenters

  1. Neophyte- (1649 points, 746 comments)
  2. ndha1995 (583 points, 98 comments)
  3. turtleflax (406 points, 116 comments)
  4. senzheng (326 points, 193 comments)
  5. holomntn (294 points, 40 comments)
  6. manly_ (286 points, 43 comments)
  7. signos_de_admiracion (250 points, 18 comments)
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  9. crypto_kang (222 points, 45 comments)
  10. jatsignwork (220 points, 37 comments)
  11. GainsLean (218 points, 76 comments)
  12. benthecarman (211 points, 48 comments)
  13. rockyrainy (200 points, 39 comments)
  14. hungryforitalianfood (197 points, 58 comments)
  15. rocksolid77 (190 points, 20 comments)
  16. bannercoin (189 points, 11 comments)
  17. insette (181 points, 47 comments)
  18. DiogenicOrder (175 points, 41 comments)
  19. islanavarino (173 points, 51 comments)
  20. behindtext (172 points, 14 comments)
  21. takitus (171 points, 25 comments)
  22. sukitrebek (170 points, 42 comments)
  23. UnknownEssence (170 points, 31 comments)
  24. crypto_ha (170 points, 26 comments)
  25. AlexCoventry (167 points, 17 comments)
  26. DragonWhsiperer (165 points, 38 comments)
  27. stop-making-accounts (164 points, 57 comments)
  28. KnifeOfPi2 (157 points, 13 comments)
  29. Edgegasm (156 points, 42 comments)
  30. ippond (152 points, 15 comments)
  31. dontlikecomputers (151 points, 61 comments)
  32. QRCollector (150 points, 46 comments)
  33. alexrecuenco (145 points, 18 comments)
  34. BobUltra (144 points, 88 comments)
  35. SpamCamel (135 points, 22 comments)
  36. InterdisciplinaryHum (133 points, 107 comments)
  37. theglitteringone (132 points, 10 comments)
  38. ChocolateSunrise (128 points, 23 comments)
  39. PM_ME_UR_QUINES (125 points, 4 comments)
  40. narwhale111 (122 points, 15 comments)
  41. pepe_le_shoe (121 points, 47 comments)
  42. Darius510 (119 points, 39 comments)
  43. glen-hodl (118 points, 21 comments)
  44. HOG_ZADDY (117 points, 23 comments)
  45. coranos2 (116 points, 44 comments)
  46. etherenvoy (116 points, 15 comments)
  47. johnny_milkshakes (115 points, 55 comments)
  48. galan77 (115 points, 52 comments)
  49. hybridsole (113 points, 40 comments)
  50. funciton (113 points, 8 comments)
  51. Mr0ldy (110 points, 24 comments)
  52. Corm (109 points, 42 comments)
  53. cryptoscopia (109 points, 7 comments)
  54. ReportFromHell (106 points, 39 comments)
  55. broscientologist (105 points, 26 comments)
  56. straytjacquet (104 points, 28 comments)
  57. Quadling (101 points, 24 comments)
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Top Comments

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  10. 78 points: NoFaptain99's comment in Why do so many of these businesses need a token? (Unsure)
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Your Guide to Monero, and Why It Has Great Potential

/////Your Guide to Monero, and Why It Has Great Potential/////

Marketing.
It's a dirty word for most members of the Monero community.
It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers.
This is what makes this an unusual post from a member of the Monero community.
This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential.
Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome.
I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so.

///Upcoming Developments///

Bulletproofs - A Reduction in Transaction Sizes and Fees
Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to reduce both fees and transaction size by 80% to 90%. This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! More information can be found here. Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested.
Multisig
Multisig has recently been merged! Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero.
Kovri
Kovri is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy.
Mobile Wallets
There is already a working Android Wallet called Monerujo available in the Google Play Store. X Wallet is an IOS mobile wallet. One of the X Wallet developers recently announced they are very, very close to being listed in the Apple App Store, however are having some issues with getting it approved. The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon.
Hardware Wallets
Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The Ledger Nano S will be adding Monero support by the end of Q1 2018. There is a recent update here too. Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing only about $20! In addition, the CEO of Trezor has offered a 10BTC bounty to whoever can provide the software to allow Monero integration. Someone can be seen to already be working on that here.
TAILS Operating System Integration
Monero is in the progress of being packaged in order for it to be integrated into TAILS and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers, and consequently, darknet market users.
In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01 has provided Sheep's Noob guide to Monero GUI in Tails 3.2, which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow.
Mandatory Hardforks
Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a Consensus Protocol Update. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. This reddit post provides more information.
Dynamic fees
Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees!
Tail Emission and Inflation
There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. Gundamlancer explains that Monero's "main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore.
Monero Research Lab
Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See here and here. The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found here.

///Monero's Technology - Rising Above The Rest///

Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless
Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics, and has lead to the prosecution of numerous individuals, such as the alleged Alphabay administrator Alexandre Cazes. In the Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes, the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: "In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero".
Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently reiterated his concerns of optional privacy after Jeffrey Quesnelle published his recent paper stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, but Zcash is supported by DARPA and the Israeli government!.
Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. You can view Monero's non-existent rich list here to see for yourself.
I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions. To Zcash's demise, Zooko famously tweeted:
" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"
Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law summarised the problematic nature of Ethereum's leadership and blockchain intervention:
" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology."
Monero provides Fungibility and Privacy in a Cashless World
As outlined on GetMonero.org, fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity.
A great example of Bitcoin's lack of fungibility was reposted by u/ViolentlyPeaceful:
"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment."
This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain.
The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and there is a potential for data to be used by third parties for adverse purposes. While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their Private View Key with their accountant for tax purposes.
Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, a Russian cryptocurrency blogger was recently beaten and robbed of $425k. This is why FUNGIBILITY IS ESSENTIAL. To summarise this in a nutshell:
"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain"
For those that wish to seek more information about why Monero is a superior form of money, read The Merits of Monero: Why Monero Vs Bitcoin over on the Monero.how website.
Monero's Humble Origins
Something that still rings true today despite the great influx of money into cryptocurrencies was outlined in Nick Tomaino's early 2016 opinion piece. The author claimed that "one of the most interesting aspects of Monero is that the project has gained traction without a crowd sale pre-launch, without VC funding and any company or well-known investors and without a pre-mine. Like Bitcoin in the early days, Monero has been a purely grassroots movement that was bootstrapped by the creator and adopted organically without any institutional buy-in. The creator and most of the core developers serve the community pseudonymously and the project was launched on a message board (similar to the way Bitcoin was launched on an email newsletter)."
The Organic Growth of the Monero Community
The Monero community over at monero is exponentially growing. You can view the Monero reddit metrics here and see that the Monero subreddit currently gains more than 10,000 (yes, ten thousand!) new subscribers every 10 days! Compare this to most of the other coins out there, and it proves to be one of the only projects with real organic growth. In addition to this, the community subreddits are specifically divided to ensure the main subreddit remains unbiased, tech focused, with no shilling or hype. All trading talk is designated to xmrtrader, and all memes at moonero.
Forum Funding System
While most contributors have gratefully volunteered their time to the project, Monero also has a Forum Funding System in which money is donated by community members to ensure it attracts and retains the brightest minds and most skilled developers. Unlike ICOs and other cryptocurrencies, Monero never had a premine, and does not have a developer tax. If ANYONE requires funding for a Monero related project, then they can simply request funding from the community, and if the community sees it as beneficial, they will donate. Types of projects range from Monero funding for local meet ups, to paying developers for their work.
Monero For Goods, Services, and Market Places
There is a growing number of online goods and services that you can now pay for with Monero. Globee is a service that allows online merchants to accept payments through credit cards and a host of cryptocurrencies, while being settled in Bitcoin, Monero or fiat currency. Merchants can reach a wider variety of customers, while not needing to invest in additional hardware to run cryptocurrency wallets or accept the current instability of the cryptocurrency market. Globee uses all of the open source API's that BitPay does making integrations much easier!
Project Coral Reef is a service which allows you to shop and pay for popular music band products and services using Monero.
Linux, Veracrypt, and a whole array of VPNs now accept Monero.
There is a new Monero only marketplace called Annularis currently being developed which has been created for those who value financial privacy and economic freedom, and there are rumours Open Bazaar is likely to support Monero once Multisig is implemented.
In addition, Monero is also supported by The Living Room of Satoshi so you can pay bills or credit cards directly using Monero.
Monero can be found on a growing number of cryptocurrency exchange services such as Bittrex, Poloniex, Cryptopia, Shapeshift, Changelly, Bitfinex, Kraken, Bisq, Tux, and many others.
For those wishing to purchase Monero anonymously, there are services such as LocalMonero.co and Moneroforcash.com.
With XMR.TO you can pay Bitcoin addresses directly with Monero. There are no other fees than the miner ones. All user records are purged after 48 hours. XMR.TO has also been added as an embedded feature into the Monerujo android wallet.
Coinhive Browser-Based Mining
Unlike Bitcoin, Monero can be mined using CPUs and GPUs. Not only does this encourage decentralisation, it also opens the door to browser based mining. Enter side of stage, Coinhive browser-based mining. As described by Hon Lau on the Symnatec Blog Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using Javascript. Coinhive is marketed as an alternative to browser ad revenue. The motivation behind this is simple: users pay for the content indirectly by coin mining when they visit the site and website owners don't have to bother users with sites laden with ads, trackers, and all the associated paraphern. This is great, provided that the websites are transparent with site visitors and notify users of the mining that will be taking place, or better still, offer users a way to opt in, although this hasn't always been the case thus far.
Skepticism Sunday
The main Monero subreddit has weekly Skepticism Sundays which was created with the purpose of installing "a culture of being scientific, skeptical, and rational". This is used to have open, critical discussions about monero as a technology, it's economics, and so on.

///Speculation///

Major Investors And Crypto Figureheads Are Interested
Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated "One that has real fundamental value besides from Bitcoin is Monero" and said it has "very strong engineering". In addition, when he was asked if that was the one used by criminals, he replied "Everything is used by criminals including the US dollar and the Euro". Paul later supported these claims on Twitter, recommending only Bitcoin and Monero as long-term investments.
There are reports that "Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin.
Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, Charlie Lee tweeted:
All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment.
John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin.
Playboy instagram celebrity Dan Bilzerian is a Monero investor, with 15% of his portfolio made up of Monero.
Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a CNBC Crypto video interview, explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating:
"Monero is a really good one. Monero is an incredible currency, it's completely private."
There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money is aware of Monero and gradually filtering in.
The Bitcoin Flaw
A relatively unknown blogger named CryptoIzzy posted three poignant pieces regarding Monero and its place in the world. The Bitcoin Flaw: Monero Rising provides an intellectual comparison of Monero to other cryptocurrencies, and Valuing Cryptocurrencies: An Approach outlines methods of valuing different coins.
CryptoIzzy's most recent blog published only yesterday titled Monero Valuation - Update and Refocus is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero.
CryptoIzzy also published The Power of Money: A Case for Bitcoin, which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the four figure range.
Monero Has a Relatively Small Marketcap
Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit.
Compared to other cryptocurrencies, Monero still has a low marketcap, which means there is great potential for the price to multiply. At the time of writing, according to CoinMarketCap, Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin.
For this reason, I would argue that this is evidence Monero is grossly undervalued. Just a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin.
Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money.
Technical Analysis
There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found on Trading View. Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: Monero's dwindling supply. $10k in 2019 scenario, in which Ero23 predicts Monero to reach $10,000 in 2019. There is also this chart which appears to be freakishly accurate and is tracking along perfectly today.
Coinbase Rumours
Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the GDAX Digit Asset Framework outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as Coinbase had in excess of 13 million users as of December, and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMfiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMfiat trading.
Monero Is Not an ICO Scam
It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and we have already seen numerous instances of ICO exit scams. Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases.
Monero is a Working Currency, Today
Monero is a working currency, here today.
The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A crypto-assest is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc.
Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin.
Monero is the only coin with all the necessary properties to be called true money.
Monero is private internet money.
Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy.
Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us.
Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users.

///Key Issues for Monero to Overcome///

Scalability
While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader, and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit.
In a post on the Monero subreddit from roughly a month ago, monero moderator u/dEBRUYNE_1 supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability:
"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them."
When the Spagni CNBC video was recently linked to the Monero subreddit, it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining:
"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯"
u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description:
"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money."
Setting up a wallet can still be time consuming
It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node.
For users that do run into wallet setup issues, or any other problems for that matter, there is an extremely helpful troubleshooting thread on the Monero subreddit which can be found here. And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. Monero.how is a fantastic resource too!
Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero.

///Conclusion///

I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so.
Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price.
I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors.
I will leave you with an old on-going joke within the Monero community - Don't buy Monero - unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ?
Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork
submitted by johnfoss69 to CryptoCurrency [link] [comments]

IOTA and Tangle discussion/info, scam or not?

In the past weeks I heard a lot pros and cons about IOTA, many of them I believe were not true (I'll explain better). I would like to start a serious discussion about IOTA and help people to get into it. Before that I'll contribute with what I know, most things that I will say will have a source link providing some base content.
 
The pros and cons that I heard a lot is listed below, I'll discuss the items marked with *.
Pros
Cons