Altcoins News

Story: Monero (XMR) Is Not Going to Go Away Sound Money in Safe Mode

By Steven Anderson

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Monero (XMR) and the Darknet Giant

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Privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system.

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An anonymous transaction system empowers individuals to reveal their identity when desired and only when desired; this is the essence of privacy.

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Cryptocurrencies were basically developed to protect the financial privacy of individuals and businesses.

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There are well-known and identified deficiencies in financial privacy mechanisms.  Different privacy coins make use of privacy, encryption and security.

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Monero has the most obvious application for privacy in a decentralized network.  Several decentralized projects like Tor, i2p, Freenet, and many others have been around…

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White House Market, the Darknet Giant recently expressed that it will be henceforth supporting only Monero payments as they dropped support for Bitcoin.

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One of the observers stated that Monero will be the only Dinosaur to survive long after all the other PoW Dinosaurs have become extinct, and that Monero has great utility.

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Some of them are very firm in their view that Governments do not have and will never have the capabilities to fight cryptography by citing an example: Torrenting: 0 funding media…

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Monero is definitely the sound money in a safe mode.  For those who missed the information, Bulletproofs+, a zero-knowledge proving system which ensures Monero transactions…

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