Token Daily

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SuperNewk Karma CC: 1427 XLM: 416 VTC: -11 52 mins ago

Annnddd it will get delayed until 2019 or we crash again like in December

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NaabKing Positive | 11418 karma | Karma CC: 1040 BTC: 771 50 mins ago

we have to rise first, so we can crash :D

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SuperNewk Karma CC: 1427 XLM: 416 VTC: -11 49 mins ago

6400 to 1 buck is a long ways down haha

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_meowmix_5 2 months old | Karma CC: 257 Ripple: 460 1 h ago

Legggooooo

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MadBodhi 1 h ago

So nothing is happening on Nov 18 now?

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striderida1 Positive | 11290 karma | Karma CC: 5657 MIOTA: 137 45 mins ago

The platform goes live November 5th. Futures trading starts on December 12th. Also the platform will be prefunded...meaning they will be buying massive amounts of BTC very very soon.

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mekane84 Karma CC: 2191 BTC: 676 38 mins ago

what if they already have?

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Kagero465 Negative | 11 months old | Karma CC: 421 39 mins ago

Would they not buy otc?

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travis- 128029 karma | Karma CC: 3161 XMR: 1603 1 h ago

Likely not as much as people think on Dec 12th too.

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MadBodhi 52 mins ago

Why dont you think it will spur a lot of activity?

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travis- 128029 karma | Karma CC: 3161 XMR: 1603 50 mins ago

Because I go with my gut which is based on nothing and the fact everyone is expecting it to. Been in crypto for close to 3.5 years now and it never really does what people expect it to.

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Callaghanman90 11 months old | Karma CC: 982 MIOTA: 886 30 mins ago

People underestimate the gut bud, it's like a sixth sense sometimes.

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TheBuddha777 12310 karma | Karma CC: 1105 1 h ago

Great, more futures.

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CryptopherWalken 41813 karma | Karma CC: 38090 VEN: 6872 1 h ago

Try reading the article instead of blindly commenting. These are physically backed futures, which means actual bitcoin needs to be purchased by Bakkt in order to back the contracts. This is enormous for the industry. The services Bakkt provides will allow institutional money to flow in, if its going to. Current infrastructure - lack of custody services etc. - make it very difficult. Bakkt is changing that.

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Dagdag35 Karma CC: 1783 WTC: 452 1 h ago

But daily futures bring crazy daily priceswings, or im wrong on this point?

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striderida1 Positive | 11290 karma | Karma CC: 5657 MIOTA: 137 47 mins ago

Bakkt made it clear the contracts won't be trading on margin, use leverage or serve to create a paper claim on a real asset. This is huge...

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crypt0crook 36 mins ago

What are some results of this? My s9's keep saying incorrect firmware and it reverts back to whatever it was. Disappointing so far, I guess I have c5 boards? Idk. I'm trying it on older 14th/s s9s. I have some s9i's to try also but im pretty sure it said it wouldn't work for those at all currently.

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IGotThisYo 32 mins ago

I saw one guy reporting a 10-15% reduction in power consumption but I can’t verify that because I haven’t had a chance to update mine yet. He also mentioned that he flashed an S9i and the firmware is apparently working fine but again can’t verify that’s correct at this time. Edit: he also mentioned hash rate remains the same or even improved on some of the ones he flashed with the new firmware.

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crypt0crook 29 mins ago

10-15% reduction in power consumption? shiiiit. i'll take it lol just gotta figure out how to get it to work. thanks.

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MaxVernon 2 hs ago

For me, this firmware results in 100% rejected/discarded shares.

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IGotThisYo 2 hs ago

I haven’t tried it myself yet but I believe people were having trouble with pools like Slushpool. I’ve seen reports of it working on btc.com pool and I assume Antpool will probably work as well. Maybe try one of those to confirm if it is a pool issue.

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MaxVernon 2 hs ago

It certainly works with Bitmain's pools. Slushpool is working on a fix now.

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IGotThisYo 2 hs ago

Ok great that’s good to know. I prefer slushpool myself.

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MaxVernon 2 hs ago

Me toooooo

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bitspun 3 hs ago

The new firmware works great on my S9s connected to the btc.com pool. PDUs reporting power consumption drop of between 10-15%. Hashrate reported at the pool is equal or slightly higher on all updated workers.

Note I accidentally flashed an S9i as well and it appears to be working fine but it’s probably best to wait for the ‘official’ S9i and S9j LPM firmware next week.

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IGotThisYo 1 h ago

10-15% is significant. That would be awesome.

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reddit4485 4 hs ago

BTW, this is also good for segwit! Covert ASICBoost does not support segwit but overt does. If you want to see overt Segwit adoption here's a website! https://asicboost.dance/

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BTCMONSTER 4 hs ago

someone is being sneaky around.

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CosmicHemorroid 2 - 3 years account age. 150 - 300 comment karma. 4 hs ago

https://www.np.reddit.com/r/Bitcoin/comments/9qfic5/dear_miners_we_strongly_recommend_you_dont/?st=jnkj5mjj&sh=1f88f646

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striderida1 Positive | 11290 karma | Karma CC: 5657 MIOTA: 137 1 h ago

I don't mind on slush pool, I merge mine Elastos and Bitcoin on BTC.com pool so I don't have an issue

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CosmicHemorroid 4 hs ago

https://www.reddit.com/r/Bitcoin/comments/9qfic5/dear_miners_we_strongly_recommend_you_dont/?st=jnkj5mjj&sh=1f88f646

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jonezypls 4 hs ago

I'm having trouble getting Slush Pool to work after flashing the new firmware. Reverting to the older version makes everything work again. Something I set up wrong or....?

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IGotThisYo 4 hs ago

Are you flashing on the S9 or S9i / S9j? Reading the post it looks like firmware for the S9i and S9j will be released next week.

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jonezypls 4 hs ago

Tried it with one S9 and one S9i.

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IGotThisYo 4 hs ago

Maybe try Antpool and see if it makes a difference.

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chriswheeler 6 hs ago

Bitmain confirmed the existence of the circuitry for ASICBoost on April 7th, 2017.

Our ASIC chips, like those of some other manufacturers, have a circuit design that supports ASICBOOST. However, the ASICBOOST method has not been used by us on the mainnet.

Source: https://blog.bitmain.com/en/regarding-recent-allegations-smear-campaigns/

They even linked the above post in today's firmware announcement that you linked to...

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sQtWLgK 7 hs ago

This implies that all Bitmain patents are now open, right?

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CarpMackereles 30 mins ago

> This implies that all Bitmain patents are now open, right? No, it does not. I think you are trying to manipulate with your insinuations. The fact is that there is [prior art](https://en.wikipedia.org/wiki/Prior_art) covering what is now referred to as "AsicBoost". This should be the primary and expected reason why they would state that "there isn’t and may never be a patent right over AsicBoost" (note that it does not state *anything* like "there *is* a patent right, but it's open to us now").

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WikiTextBot 30 mins ago

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Aruk19 4 hs ago

Yes! I cannot find them here : [https://blockchaindpl.org/users](https://blockchaindpl.org/users)

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Blazerfan503 7 hs ago

The only "controversial" part was them not releasing it.

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striderida1 Positive | 11290 karma | Karma CC: 5657 MIOTA: 137 6 hs ago

No it's actually the way it solves the blocks it goes against normal mining standards. Some say it's not safe to use but at this point it looks like everyone might be using it soon anyway.

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DesignerAccount 7 hs ago

And if you need anymore proof that Bitmain is effin their customers over, this should do it. The S9 had AB since it's launch, but you, as the customer, couldn't use it. They, in the other hand, do you think they used it???

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CatatonicMan 6 hs ago

It's *overt* ASICBoost, so in principle it should be obvious when they're using it.

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joinfish 7 hs ago

Bitcoin is an adversarial network.
This mofo is one of the main adversaries. He's not your friend, he's no one's friend.

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sudophant 3 hs ago

Your post reminded me of a History of Russian Rulers podcast, Russian history from way back in the day all the way through to now, when he got to Stalin's time he talks about Stalin's various *friends* over the course of his career, and where they ended up. Definitely got the impression that Stalin at a very fundamental level didn't really understand friendship.

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joinfish 1 h ago

All right! One the same note: when the Wu-Ver relationship to goes sour - the fallout should be spectacular.

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uglymelt 8 hs ago

I thought about exactly the same as you op.

Braiins today revealed that they verified the existence of AsicBoost-functionality in Bitmain’s S9 ASICs. For unknown (but possibly patent-related) reasons, this feature is not made available to regular users, however. The Braiins team plans to unlock this feature with BraiinsOS, which would mean that Bitmain S9 owners will be able to increase the effectiveness of their machines by more than ten percent."

Bitmain would pretty fast lose dominance on their own firmware.

https://bitcoinmagazine.com/articles/braiins-os-open-source-alternative-bitcoin-mining-firmware/

https://braiins-os.org/

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zluckdog 6 hs ago

previously, bitmain had a secret backdoor built into their firmware

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Bitcoin_21 redditor for 3 months 4 hs ago

Jihad Wu is a fucking criminal

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CryptoNoob-17 redditor for 3 months 50 mins ago

Jihad Who? Is that Jihan Wu's cousin

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earringstud 8 hs ago

How long have you guys been running this on your machines? Now you decide to make it public?

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archetyp91 9 hs ago

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ABitcoinAllBot 9 hs ago

Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: archetyp91

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ricci-flow Redditor for 21 days. 50 mins ago

Love it

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vaultsq 1 h ago

a cryptographer at the Monero Research Lab that led the work on the bulletproofs implementation, writing that "it's gonna be great seeing the blockchain growth charts."

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fullmeasures 1 h ago

Question: if the fees get so cheap and the chain gets to the point where the block reward gets very small, what enthuses miners to still mine the transactions? That's something that still has me confused when it comes to transaction fee and the mining network. Wouldn't you still want a decent fee to keep the mining profitable?

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fat_stackz Redditor for 10 months. 1 h ago

So Monero miners are fcked?

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LSDmillionaire 1 h ago

if someone can now build a darknet market dex with xmr than you guys could get a few more billions in market cap: )

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xwerter 1 h ago

Big step for Monero

1

ricardosnow 2 - 3 years account age. 25 - 75 comment karma. 2 hs ago

On IOTA you pay literally 0 fees

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SamsungGalaxyPlayer 28421 karma | Karma CC: 3278 XMR: 9323 1 h ago

And you have (essentially) 0 privacy by comparison.

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Steven81 Karma CC: 337 BTC: 959 41 mins ago

And security is not really tested in those unminable/unstakeable coins. They are pretty much elaborate databases that you hope will work long term. IMO you don't build something like this without at least some proof that it can resist most types of attack. By doing away with PoS/PoW game theory you make it far cheaper to transact and use but also you prolly took away a crucial component, I.e. people acting out of self interest. It's basically why public services (in many countries) are never up to task, noone in particular cares about maintaining them.

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SilverHoard 22700 karma | Karma CC: 2417 XVG: 624 2 hs ago

And Binance withdrawal fees are still 0.04 XMR. Shame!

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ZenaidaChesson 1 h ago

Binance is the only exchange with good liquidity and 0.1% trading fee that is allowing XMR withdrawals without KYC right now. Shame on you for demanding a free lunch!

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mrcavooter 17068 karma | Karma CC: 2098 44 mins ago

I've seen you post this multiple times. Stop spamming

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BTCMONSTER 2 hs ago

shouldn't be no fee applying for all coins. but great move!

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sexyama 3 hs ago

Amazing, Monero is the real deal. Congrats to the devs.

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Biyamin Karma CC: 18 3 hs ago

I am holding Monero and I believe Monero will be there on top in 5 years

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HereIsSomeoneElse Positive | 5 months old | Karma CC: 1139 57 mins ago

Marilyn?

1

Biyamin Karma CC: 18 56 mins ago

Monero 😭

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nulsec123 7 months old | Karma CC: 257 BTC: 328 NANO: -64 4 hs ago

So what’s the point of NANO

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Confederate_Chad 4 hs ago

milking money from gullible people

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YummaySmoohie 4 hs ago

Or you can just use nano for 0 fees

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selsta 4 hs ago

and 0 privacy.

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YummaySmoohie 4 hs ago

Good point

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WoodenRoom 4 hs ago

Monero is a shitcoin make no mistake. First the software is very buggy and laggy. The leader is a 4chan troll that has been Repeatedly involved in insider trading and is said to hold 90 million dollar worth of monero. Despite that he let's the community pay for his trips to conferences and always uses top 5* hotels and sums up restaurant bills of to 4k dollars in a couple of day. He pays shit for his gf (air fares) from the community. I used to be one of the top developers of monero in late 2016 but quit after fights with the fat fuck fluffy. Monero has an infinite inflation. Fluffy was always keen and not shy to try to promote monero as a coin for criminal activities

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philkode 9 - 10 years account age. > 1000 comment karma. 4 hs ago

🤣

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InnovationV1 5 hs ago

We’ve been knowing this since the upgrade.

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Nileke 5 hs ago

Moon is very sure, fasten your seat belt

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Nileke 5 hs ago

Moon is very sure, fasten your belt

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SutekhThrowingSuckIt 5 hs ago

Is malfunctioning.

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Nileke 5 hs ago

I say moon

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Nileke 5 hs ago

Moon

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SutekhThrowingSuckIt 5 hs ago

This bot

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cryptomilbz Redditor for 12 months. 5 hs ago

Team XMR are doing a fantastic job.

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piceto 6 hs ago

Summary:

- Average monero fees fell from about $0.54 cents to roughly $0.021 cents, a 96 percent drop
- Reduction of the fees happened after "Bulletproof" hard-fork that was introduced to the network
- The upgrade was "definitely making the notion of micropayments more palatable again."

More summaries: piceto.com

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ministroni 3 hs ago

Is this supposed to be $0.54, or 0.54 cents? Maybe I'm wrong, but "$0.54 cents" seems like a confusing and invalid amount.

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BifocalComb 2 hs ago

Yea it's actually $0.0002 or 0.02¢ now and was $0.50 or 50¢

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ministroni 2 hs ago

That would be an insane drop, and you almost had me fooled. monero.how lists current fees around 2 cents, and I assume they used to be 50 cents. One article I saw said "0.019 cents", and also quoted a tweet that said "2 cents". That's a pretty serious discrepancy...

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BifocalComb 2 hs ago

Oh damn.. I haven't actually send any xmr in like 2 weeks. Yea looking at the charts it looks like average fee recently is about $0.02 which is 2 cents.

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ministroni 2 hs ago

Which is amazing! Last I remember looking it was like $1.50 or something. At 2 cents it's lower than LTC, for crisp steak!

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BifocalComb 2 hs ago

Yea and you can even use the half cent fee option and your TX will probably be included in the next block anyway, so it's pretty dang good.

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Redditridder 8 months old | Karma CC: 240 6 hs ago

Monero is the best privacy coin out there, but it's not good as a long term investment. Even if you believe that crypto will gain mass adoption, privacy coins will stay fringe, used mostly by criminals, for one simple reason - you can't and won't be able to legally pay salary in monero (exactly because there is no tracking of that money) or settle debts between companies - for tax and other audit reasons. Same with buying stuff in stores - stores won't be legally allowed to accept privacy crypto because regulators can't trace it.

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ZenaidaChesson 1 h ago

Crypto doesn't need mass adoption to be valuable. There's $21T in offshore banking and it's only used by a tiny subset of the population.

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kaitje 4 - 5 years account age. 125 - 250 comment karma. 2 hs ago

Pffff, this argument again. Monero is not only private, but also FUNGIBLE which is an absolute necessary feature to ensure that every Monero is worth exactly the same as another Monero. No one can know where a specific Monero came from. Seems trivial, but all open ledger coins are not fungible since governments can decide that your coins were once used for ilicit purposes and should be blocked by exchanges. This could even be without you wrongdoing, but simply because somewhere in the chain your coins were tainted. Just wait until we have block explorer where adresses are labeled with anyone’s name and see how quickly people will flock towards privacy coins. By the way, do you think governments want people to see their spendings on weapons? I don’t think so.

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OsrsNeedsF2P 106178 karma | Karma CC: 11945 XMR: 4504 4 hs ago

You can publish Monero transaction view keys. Also, I 100% disagree that it would be used only by criminals. Imagine going on a date and paying the bill with Bitcoin - she goes home after and searches up your TX on the blockchain. "Ooh, RedditRider makes this much a week.. Oh he spends a lot of money on his car.. Hmm.. Oh wow look at that balance!". I pretty much do all of my transactions in Monero, except for those with my close friends who idc if they know my financial status. You should really be weary of the permanent nature of a blockchain...

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Raj9224 Monero fan 3 hs ago

The criminals argument is moot. I mean 100% of the criminals use cash, does that mean cash is bad ? No. Monero brings cash to the digital realm.

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OsrsNeedsF2P 106178 karma | Karma CC: 11945 XMR: 4504 3 hs ago

Can't snort coke with XMR. I can think of more illegal uses of cash than Monero

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Raj9224 Monero fan 3 hs ago

OMG. Cash is bad, it will never be adopted by the masses. Government will never allow it. People will never touch it.

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SamsungGalaxyPlayer 28421 karma | Karma CC: 3278 XMR: 9323 5 hs ago

> you can't and won't be able to legally pay salary in monero (exactly because there is no tracking of that money) or settle debts between companies MRL researchers receive payment in Monero and legally report their income for taxes. Cypher Market accepts Monero for setting a business payment. Cash is private and is used for wages in some cases. This argument doesn't hold up imo.

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Redditridder 8 months old | Karma CC: 240 5 hs ago

I'm talking about real companies, big corporations with European/US legislation.

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SamsungGalaxyPlayer 28421 karma | Karma CC: 3278 XMR: 9323 4 hs ago

Circle is a large US company that processes Monero for exchange.

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Redditridder 8 months old | Karma CC: 240 4 hs ago

Ok, you seriously think that companies not dealing with monero in their business will stay using money for payroll and debt settlements? There is no reason for that, like zero. Nada. If in some future companies decide to use crypto for inter-company payments, they will probably use Stellar. For salaries - maybe nano or another feeless crypto. For accepting payments in stores - some instance crypto, probably also nano. There is nothing that monero does outside of privacy that no other crypto does better.

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philkode 9 - 10 years account age. > 1000 comment karma. 4 hs ago

Man that is such a great idea! When companies all do salary payments on transparent blockchain it will be so easy to snoop on competitors, see how much they are paying some of their key employees (by following the transactions) and offer them a higher salary! Transparent blockchain are fundamentally broken for corporate finance use as far as secrecy is concerned. It’s impossible to keep things private (e.g supplier relations, sale volumes, turnover etc). Not all companies want everyone (including competitors) to be able to audit their books at the drop of a hat. Imagine company X is secretly working on a product Y, which is utilizing some proprietary technology that is the main product of company Z. If people see that X are paying lots of money to Z, they can infer that they will be incorporating their tech into an upcoming product, Y. Supply chain analysts try to do this to companies like Apple all the time. Transparent financial ledgers would make it laughably easy.

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Redditridder 8 months old | Karma CC: 240 4 hs ago

Yeah, the simplest solution to all that, which will be free to implement is to keep using fiat. My overall point was that crypto will not get mass adoption as it's not needed, monero is just one case.

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philkode 9 - 10 years account age. > 1000 comment karma. 4 hs ago

I thought we were discussing a future where some companies use crypto for inter company payments, or salaries, or point-of-sale payments? It’s a scene you set up in your original post. You’re changing the goalposts on a discussion which you initiated. Pretty amateur tactics. Regardless, if one sticks with your scenario of such a future, transparent blockchain are a dumb idea if companies value their secrecy (which, FYI, almost all do). In which case, Monero’s privacy features seem pretty strong.

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Redditridder 8 months old | Karma CC: 240 4 hs ago

I actually realized that using transparent blockchain for salaries is a bad idea, so I'm not moving goal posts but adjusting. But I also don't see companies using monero for payroll. Crypto may have some business use cases, like XLM for moving large sums of money around the world by corps, but common folk doesn't need crypto.

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philkode 9 - 10 years account age. > 1000 comment karma. 4 hs ago

Ok so you’re just anti-crypto in general and not specifically anti-monero? Cool. Everyone is entitled to their opinion.

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SamsungGalaxyPlayer 28421 karma | Karma CC: 3278 XMR: 9323 4 hs ago

I strongly disagree. Do companies want to make the salaries paid to their employees public? The list of all their customers and suppliers and the amount transacted? Absolutely not. It would be an incredibly stupid strategic decision that would lead to the end of business. Businesses have the *most* incentive to use private solutions. Their whole business is at stake.

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selsta Redditor for 10 months. 5 hs ago

Monero can be made optionally public for tax and other reasons. Also stores accept cash right now, which can’t be traced.

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tempMonero123 12621 karma | Karma CC: 2586 XMR: 1521 1 h ago

Even banks accept cash!!! And banks give you cash too without being able to track it afterwards!

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clownonabike 2 hs ago

Do you think the fact that it *technically* can be made optionally public is good enough for it to achieve *mass adoption*? Crypto is 10 years old and not even Bitcoin has acheieved mass adoption or anywhere close to it.

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Redditridder 8 months old | Karma CC: 240 5 hs ago

Public monero doesn't make sense, it's only advantage is privacy. Otherwise it's just one of hundreds crypto coins, not the fastest nor the cheapest to transfer.

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pblokhout 18166 karma | Karma CC: 317 4 hs ago

Optional public transactions could make sure that some tx are traceable at a certain point in time, but not outside of that single transaction. Good for tx that need outside confirmation, but still private enough that nobody can track what you're doing with the money you received.

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UnknownEssence 14186 karma | Karma CC: 2208 ETH: 3024 6 hs ago

Okay, Ill just keep everything in Monero and atomic swap it to Bitcoin at the time of purchase.

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Redditridder 8 months old | Karma CC: 240 5 hs ago

Huh?

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Throeplith 6 hs ago

that is fuck*ng finally about time, wasted so much on xmr fees

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tempMonero123 12621 karma | Karma CC: 2586 XMR: 1521 1 h ago

Thank you for supporting the network. Without spending some XMR, your future XMR wouldn't be as valuable. That's why I use XMR when I can instead of only hosling, and why I donate to the FFSes which pay for Monero's advancement.

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ZestycloseHat 7 hs ago

Is it worth it to invest?

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tempMonero123 12621 karma | Karma CC: 2586 XMR: 1521 1 h ago

When it comes to *any* crypto coin, it's more like speculating than investing. I only put in as much money as I was willing to light on fire and walk away from. One hack, and it could all be over. But I'll tell you this: the money I did put into crypto, is all in XMR.

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ShinyBike Karma CC: 1280 3 hs ago

I can imagine that in the future it will be risky to own, but incredibly valuable.

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z3rAHvzMxZ54fZmJmxaI 5 hs ago

invest no, gamble maybe

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Light_of_Lucifer 17373 karma 6 hs ago

I believe monero is a worthwhile investment. I would at least hold a certain % position in it. I think true fungibility/privacy will always be valuable.

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OsrsNeedsF2P 106178 karma | Karma CC: 11945 XMR: 4504 6 hs ago

Monero always does these silent pumps. Right now you might have missed it, but in like a month buy some and just sit on it for the next bull. You need some patience, but imo it's one of the must reliable

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SamsungGalaxyPlayer 28421 karma | Karma CC: 3278 XMR: 9323 6 hs ago

No one has any idea.

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PrivacyToTheTop777 7 hs ago

This is fantastic, but nobody will be able to see if anyone made a $184 million Monero transfer for half a cent and make a reddit post about it.

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weekev Karma CC: 13 6 hs ago

I think you can publish your end of the transaction key and it'll be visible to all

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DaveyJonesXMR Positive | Karma CC: 638 XMR: 2279 2 hs ago

I think he wanted to point out the obvious flaw a open ledgers... that people brag about $xxxx being moved... honestly the flaw is in the eye of the people yet they cannot see or grasp the point of why open ledgers are Orwellian Dystopia becoming real.

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SamsungGalaxyPlayer 28421 karma | Karma CC: 3278 XMR: 9323 6 hs ago

Yeah, you could do this if desired.

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AlternativeWinter 52 mins ago

Cool. Be sure to add them to the Marco Coino directory.

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Buttoshi Redditor for less than 60 days 4 hs ago

Go ahead and try to send bitcoin cash to them.

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cryptoglia 4 hs ago

[Check this out.](https://www.reddit.com/r/btc/comments/9mzybo/bitcoin_cash_stickers_at_bettys_place/)

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zcc0nonA 2 hs ago

Do they have a payment QR code?

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Lumi_wallet 5 hs ago

Speaking of mass adoption... Do you think introducing crypto to the developing countries makes sense?

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SaltyPockets 9 hs ago

Ms Wambugu started trading in Bitcoin two years ago and and within a year she made enough money to buy the two-storey Nyeri hotel, which she converted to Betty's Place.

...

However, her payments in Bitcoin have been modest - about 30,000 Kenyan shillings (£230, $300) in sales from about 20 people.

To encourage more take up, she holds classes in how to trade in Bitcoin every Sunday at her restaurant.

So... she rode the insanity of the last couple of years for a profit, and is now encouraging people to chuck their money down the bit hole. Likely for a fee.

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michapman2 1 h ago

Honestly I suspect that a lot of butters are like that. They got lucky by buying in when the price was rock bottom, were able to make a ton of money by selling when the price skyrocketed last year, and have now convinced themselves that this strategy can be replicated and taught to others. It’s the equivalent of a gambler with a system, or someone who wins the lottery their first time playing, and thinks that this qualifies them to train people on how to pick lotto tickets. The good part is that it sounds like she also owns and runs a legitimate, real life business as well. I just hope she doesn’t screw it up with this crypto nonsense.

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thehoesmaketheman 5 hs ago

I really want follow up stories on all these morons who started up 'crypto consulting' businesses in their own communities and roped in their neighbors and shit. There was an article about a dude in the Midwest who cashed out last November and bought a big truck and a big house and started being like a crypto financial advisor. He had a small room without like 15 farmer looking adults in there. I would love to have a hidden camera these past 10 months just watching each excruciating conversation during this downside.

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NonnoBomba 7 hs ago

That's the textbook definition of a True Captain of Industry.

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AppropriateLeg3 9 hs ago

Everyone can make money with Bitcoin, the others just need to know the strategies in investing on this kind of market.

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piceto redditor for 2 weeks 12 hs ago

Summary:

- Betty's Place specialises in "nyama choma", a lip-smacking goat meat barbeque
- She allows customers to pay in Bitcoin and Dash, which she started trading 2 years ago
- So far only 20 people have paid in BTC with a sum worth $300
- Whoever asks about crypto-currencies: 'How does it work? What is Bitcoin?' I train them,"
- Africa may once again bypass traditional banking much like it did with the fixed-line telephone.
More summaries: piceto.com

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cointastical 12 hs ago

And if you won't be making your way to Nyeri (Kenya) any time soon, you can prepare Nyama Choma ya Mbuzi (roast goat) yourself on an awesome grill, paid for with Bitcoin and shipped to anywhere in the world.

Other bitcoin-accepting merchants and crypto companies in Kenya:

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alexmma777 redditor for 3 months 13 hs ago

very nice! tasty roast meat and booty at night

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PatrickBitmain 13 hs ago

Stupid unquestioning article. This is how the BBC typically covers creepto.

Aside from not questioning how improbable and technically impossible this story is they have simply looked for someone ‘poor’ ‘ethnic’ and ‘female’ to divert from the typical narrative that bitcoin is massively controlled by white or Chinese rich males and their online stooges.

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mrmishmashmix 14 hs ago

Nice one Betty

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SnapshillBot Yesterday

Days since last Bitcoin-related hack and/or theft: [0]

Snapshots:

This Post - archive.org, megalodon.jp*, archive.is

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ABitcoinAllBot Yesterday

Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: EnvironmentalDirt1

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jontroop Karma CC: 313 8 hs ago

I think the point of this article is that central-bank issued cryptocurrencies are ineffective. If people have a choice between a free, open, permissionless system vs an opaque permissioned system where your assets can be controlled by a government, it is clear that they wouldn't choose the government coin -- unless forced.

Also, a lot of countries (not necessarily Japan) companies, and individuals cook the books, which is easiest when using cash. If every transaction were public, it would be much easier to expose shoddy accounting practice.

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FlyTheElephant Trader Yesterday

Did the bank of Japan just claim that their own currency is not an effective tool?

Or did the bank of Japan just claim that they don't understand how their own system works?

I am not sure which, but it must be one of the two.

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Teslainfiltrated Positive | Karma CC: 201 NANO: 652 Yesterday

Maybe it's consistent with the theory that they feel the Yen is ultimately doomed and are allowing their population to hedge with BTC

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HeadShot305 16585 karma | Karma CC: 974 Yesterday

Ironic considering the BoJ is the hallmark example when it comes to showing that it's the central bank which controls all points on the yield curve, and not the bond markets.

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tsevniotyprc Karma CC: 159 NEO: 496 Yesterday

The only ones losing when the Crypto becomes popular is the people who are rich with money and power. Illegal activity will almost be impossible with digital identity and a nice consensus mechanism.

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HelpNickTheBaller 1 month old | Karma CC: 67 Yesterday

Lol you want crypto to be tracked and everyone to have the identities tied to their crpyto? You are the anti crpyto anarchist.

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FlyTheElephant Trader 8 hs ago

Bitcoin is already like this.

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icyboy89 Karma CC: 1829 Yesterday

Criminals can use privacy coins for illegal stuff

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HelpNickTheBaller 1 month old | Karma CC: 67 Yesterday

Lol criminals use drugs, cash, diamonds, art, weapons, metals, oil and humans as goods and money, crypto is great but when u have to come back into fiat ur fucked. Unless you can get cold hard cash, cashing out a good amount of money will get u on a radar.

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Sulack Yesterday

Don't forget that the rich are also competent. Those who are rich through competency will remain rich when crypto is everywhere.

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SuperNewk Karma CC: 1427 XLM: 416 VTC: -11 Yesterday

this is really interesting. Getting rid of cash would = impossible for Illegal immigrants to live in Developed countries, drug dealers abolished, tax revenue would increase because you would have to use a tracked digital currency vs trying to live off the grid with cash.

I know they tried to outlaw the 100 dollar bill..younger generation would like a cashless society

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