Why XMR is the future of cryptocurrency.
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TLDR at bottom. TLDR at bottom.e going for it then ETH or BTC do in terms of actual use for payments. BTC is effectively the "Bluechip" of crypto that will be around for a while. ETH is used in DEX and smart contracts. XMR will also be on DEX eventually. While XMR provides people privacy, quick transactions, and most importantly privacy, security and anonymity. XMR is Untraceable. XMR cannot be tracked. It cannot be taxed. Unlike Bitcoin or ETH you can't see whenever anyone moves money anywhere. The government cannot just look for large wallets and try to find their identity and then tax them. XMR is the future of crypto. More and more people are recognizing the need for privacy. People are switching from google chrome too Brave browser or Tor. People want anonymity. People want to not be tracked. Fees The average transaction fee for the last 100 transactions for BTC was $38, while for XMR it was just 2.5 CENTS much, much lower than XMR. It was also private, and faster. XMR's block time is just 2 minuets. Versus BTC's which is 10. Decentralization XMR is also decentralized. Unlike Bitcoin where you need ASIC's to mine it, and a large chunk of the hash power is located in China. Monero is decentralized. It can be mined of a CPU or a GPU. Heck, I'm mining it of my MacBook Air 2018 as I write this. It is also ASIC resistant and CPU mineable. And did I mention that Satoshi talked about features that are in XMR but not Bitcoin.. hmmm. "What if they ban it" They can't. No one can ban XMR. You can see my post about why not exactly here: https://www.reddit.com/r/CryptoCurrency/comments/n288dr/why_xmr_cannot_be_banned/ But the summary of it is, that it will soon have Atomic Swaps implemented which is a risk free way to directly trade your XMR>BTC and BTC>XMR, without a centralized entity such as an exchange and no need to meet up in person. Also, it's impossible to ban something that people like. Like look at Prohibition in the US in the 1920's and The War On Drugs. And unlike Bitcoin, you can't take out a large part of the network by just shutting down the large operations. Price: XMR just recently cracked it's 2017/18 ATH. As you know, BTC went about 3x it's high, and ETH went about 2.5x (so far). And it's a great project which has been around since 2014 and has survived every single bear market so far intact and just fine. Each time coming out stronger. And it also has the 3rd largest amount of contributors after BTC and ETH… TL;DR: XMR is a great crypto with lot's of potential. Buy it. DYOR. submitted by /u/KingOfNumismatics |
