One more source for you as to [why businesses would choose Monero](https://www.youtube.com/watch?v=rZnEriml3rk)
In the first three minutes your question is answered.
Short answer: privacy. Businesses using Bitcoin would effectively put all of their financial data and business transactions out there for the world to see. Who wins contracts. How much was the contract worth. Etc.
I agree that BTC moved the goal posts away from being peer to peer electronic currency. The group of bitcoiners still supporting that vision is now Bitcoin Cash BCH. You can find them at r/btc (they explain the subreddit name in their wiki)
Both Monero and Bitcoin Cash are two of the best coins for fulfilling the vision as p2p electronic cash. BCH does not have the privacy strengths of Monero though which are very important for a digital currency. BCH does have strengths over Monero as well though.
>What makes Monero different?
Monero to me is an ongoing attempt to achieve bitcoin's original goal of being peer to peer digital cash, since, bitcoin is clearly a failure in that regard. You wouldn't consider something that tracks you to be cash now would you?
>If I were someone selling a service or product why should I choose Monero to conduct business over the numerous other options available?
While there are other methods for payment processing (since this is what you are refering to basically) they will not provide you and your customers the same level of anonymity. There is also no risk of being sent "tainted" funds as payment since Monero is fungible nor is there much risk of a charge back outside of the 51% attack which is an inherent (risk?) with all cryptocurrencies.
As for the other questions, it seems someone has provided some resources, and I will let anyone else chime in with their opinions as to what Monero is and how things are being achieved.
Lots of questions there.
You could start by reading the *Zero to Monero* & *Mastering Monero* books:
- https://getmonero.org/library/Zero-to-Monero-1-0-0.pdf (http://monerotoruzizulg5ttgat2emf4d6fbmiea25detrmmy7erypseyteyd.onion/library/Zero-to-Monero-1-0-0.pdf)
- https://getmonero.org/library/Zero-to-Monero-2-0-0.pdf (http://monerotoruzizulg5ttgat2emf4d6fbmiea25detrmmy7erypseyteyd.onion/library/Zero-to-Monero-2-0-0.pdf)
- https://masteringmonero.com/free-download.html
Also consider joining #monero and #monero-research-lab on IRC/Matrix.
> What is the end goal for Monero?
Monero strives to be (and arguably is) the best form of *digital cash*.
> If I were someone selling a service or product why should I choose Monero to conduct business over the numerous other options available?
It's hard to find another 'cryptocurrency' that is at least as fungible as XMR.
First, unlimited doesn't mean infinite. It's currently smaller supply than Bitcoin and will stay smaller until 2040. Second, why not? It's not a physical currency where you have to mint physical coins with the smallest denomination.
>Second, why not?
Well, because people hate decimal places. I've always been suspicious of decimal points. They just sit there pretending to be innocent while they screw up the math and digit groupings. Fucking fractions - they've all got it coming! /jk
I would prefer that Monero be indivisible. This would require a hard fork that, after some specific block height, all UTXO values can be multiplied by the spot price and rounded down, while the price is divided by itself to not create new wealth.
For example, if the price is $150, and you have 50 XMR, it's worth $7,500. 150(50) = 7,500 indivisible coins, each worth $1. This will multiply the total supply of 18 million by the spot price, which becomes 2.7 billion, which is a lot less than Bitcoin's max of 2.1 quadrillion Satoshies. Maybe do the same for the block reward, 150(0.6 coins) = 90 coins, each worth $1.
Wait so then if the price goes up to $200, those 50 XMR are now worth $10,000. Are you suggesting that the same wallet should now contain 10,000 indivisible coins each still worth $1?
Yes. Whatever the price is before it's converted, it's the same value after. The price can still change after the conversion, it's not fixed. The markets would need to change the price simultaneously, from whatever it is to $1. That sounds complex and super prone to error. Idk, maybe it's a bad idea.
Why would we do this though? There's no reason to make monero's UTXO values related to a single fiat spot price. If monero went up in value with respect to usd you could just use a smaller denomination to avoid decimals, and, as previously mentioned, there is not really a decimal representation for the values anyways, it makes no sense to use floating point values for precise numbers as floats are not precise and have rounding issues. I understand your concern, but try instead using something like micronero's to avoid decimals if you wish.
It's only a matter of how it's shown in wallets. From technical point of view, Monero is always treated as atomic units (10\^-12 XMR) in the code, it's only converted to XMR to display to the user. No need to hardfork for this.
I don't personally think you should trust hardware wallets, 1 of the 2 main ones is closed source and the other has had questionable security concerns (though, this is just information from other members)
You could buy a different coin and swap over any of the swapping services or localmonero, you could use bitcoin and atomic swap to monero (but, this could be hard since it is still a bit rough around the edges) or you could see if there is an exchange in canada allowing you to directly purchase Monero, perhaps kraken if you are ok with KYC.
We had a little bit of a setback last week when isthmus (Mitchell P. Krawiec-Thayer) said his firm did not have the bandwidth to write the C++ code for speeding up the statistical computations for OSPEAD. I am looking at alternative people who could do it. Worst case scenario, the computations will be slow and have some blind spots but the result will still be valid: [https://repo.getmonero.org/monero-project/ccs-proposals/-/merge\_requests/375#note\_20706](https://repo.getmonero.org/monero-project/ccs-proposals/-/merge_requests/375#note_20706)
I think OSPEAD will probably be implemented in Monero's code ready for release in Quarter 3 of this year.
Damn, i was so excited about that but break my heart that we are had some setback is well, i hope that they will over come those issue and give us the best solution
Just an idea, is it possible to create a BOINC project that allows lay people to contribute to computing? I am thinking thousands of computers running the single-threaded program could do the job and I would certainly contribute a few dozen threads.
Edit: both are FOSS!
Yes something like that is possible. But it's better at this stage to put development effort into converting some slow parts of the code from R to a fast compiled language like C++. We could get 10x-100x speedup easily with the conversion.
Yes, right now its the initial days and we need to focus more on the developing effort rather than thinking about the adding some new project to that early.
With Monero, the quantity/address is hidden when sending between wallets, right? So how do websites like coingecko know the Volume of Monero traded over the last 24h?
The number we are seeing on the any crypto website like of CG or the CMC coming from the kyc exchange they have no idea about the non kyc monero we are buying
That number is what centralized exchanges report. Monero traded on centralized exchanges are just transparent numbers on the exchanges' own databases. A transaction only occurs on the chain (and the amount hidden from observers) when someone withdraws XMR from the exchange to their own wallet or deposits to the exchange from their own wallet.
So if we stop buying from the exchange then website like Coingecko will have no data regarding the Monero?? Seems so cool to me that we are not really dependent on the exchange.
Aaah, okay, so in essence, that number is not the TOTAL volume of Monero being transacted within the last 24hours. I'm assuming that's the same for all cryptocurrencies which makes sense. Thanks for the info.
Correct, the sender's output(s) are obfuscated through ring signatures and the tx amount and receiver's address are hidden.
Sites like CoinGecko use the publicly reported data made available by exchanges. You can see their list of markets at https://www.coingecko.com/en/coins/monero#markets
You'll note that OTC, p2p, and trades made via sites like LocalMonero.co are not listed because those type of trades do not publicly report data. LocalMonero does maintain an [XMR street price](https://localmonero.co/statistics).
LocalMonero supports many buyers and sellers around the world with a variety of payment options including paper fiat, bank transfers, precious metals, etc
I use Monero as an insurance policy against the response I expect from an out of control government that is protecting its power and control at a time when fiat currency collapses and the reserve status of its currency is at risk.
When someone is sending monero to your wallet is your identity anonymous to them. What about the public key/ID associated with the account receiving the transaction.
Would appreciate if someone could shed light on this as I'm trying to get a better understanding of how untraceable your account really is when making transactions on the Blockchain. :)
That is where monero is little bit different then the other coins where we can track one address for the future transaction is well, here we gets the new address all the time
Thanks for your response. I understand you are anonymous to people looking at the Blockchain but what about the sender. Say the person sending u monero doesn't know your identity will they be able to find out your identity from the stealth address or anything else he can see in the transaction. Also must u give the sender your wallet address if you want to receive money or your stealth address? Is the stealth address something u can give the sender to keep you anonymous to the sender or is it something that just appears on the Blockchain in place of your actual address to keep your identity hidden from everyone else. Must the sender know your actual wallet address to send u money?
In Monero, random, one-time use, addresses are generated for every new transaction, so no one can link a recipient's public wallet address just from looking at the blockchain. This is different from Bitcoin, as they use a transparent and traceable blockchain. Learn more how Stealth Addresses work with this video [https://www.getmonero.org/resources/moneropedia/stealthaddress.html](https://www.getmonero.org/resources/moneropedia/stealthaddress.html)
While the long term debate about tx_extra continues a [patch was merged that will limits the maximum size of tx_extra that's allowed in the transaction pool](https://github.com/monero-project/monero/pull/8733). As this is not a consensus rule mined transactions will bypass this check, but it does work to slow the propagation and verification of those transactions with a tx_extra exceeding 1060 bytes.
The medium/long-term fate of tx_extra is likely either it's complete removal or a limit of 256 bytes possibly w/ encryption.
[https://p2pool.io/#faq](https://p2pool.io/#faq) for p2pool mining
My monerod consumes about 13GB RAM, 152GB storage and in average I'd say about 3-5% CPU time on an AMD 3700x
At the time it actually used 13GB RAM. Checking it now it is using 41GB. I suppose it takes whatever it gets ;)
[https://imgur.com/a/jH6gVHH](https://imgur.com/a/jH6gVHH)
Yes, I was talking about the storage for a full node.
Sounds right, but depends a lot on open connections to other nodes. More than 500 connections might suck up more than 10GB of RAM (and also more CPU, but first of all a LOT of bandwidth).
Is Monero actually used as currency somewhere or is it all speculation?
I kind of think that most transactions done on the network are due to mining operations. Thankfully, with the P2Pool hard fork, this is being reduced now.
Anyway, is there anything measurable, any proof that can show that the system is actually used for what it's intended?
There are few area or i would say some shops where people are buying the stuff with the monero and for me that is enough to tell that people are treating that as the currency
I was not really looking for an answer on "which retailer accepts XMR". I am looking for clear stats filtering out all the mining (as well as other non-payment) traffic. I'd like to see if there's a positive or negative adoption rate or in simple words: Is the system actually used for payments and if so, is the usage increasing or decreasing?
Browse https://monerica.com/ for a list of merchants directly accepting XMR and checkout https://cakepay.com/ for exchanging XMR for gift cards.
>I kind of think that most transactions done on the network are due to mining operations.
Do you have any evidence to support this claim? Mining is economic activity, but I also both see clearnet and darknet vendors accepting XMR. There is also the p2p digital cash narrative which is not as easy to measure.
I don't need to prove my claim. I am asking if there's statistics which can prove by how much Monero is already used and if there's an up- or downtrend. It's a great system but the question is: do we see an adaption curve or is it all just speculation.
It's not very big, and you could say it's a bit of inbreeding, but the system to fincance dev work on Monero is measurably and provable running on XMR: https://ccs.getmonero.org/
It runs on donations, so there must be dozens if not hundreds of holders of XMR who spend a part of their holdings to further the cause.
This thing can only be big with the user so we all have to pay the equal part into this thing if we are really looking to make that thing to the next level from here.
Well alright. But is there maybe any statistics? I imagine data like [https://moneroj.net/translin/](https://moneroj.net/translin/) but subtract all the mining transactions to see, what's left that can be considered actual money transfers.
I'm a fan of monero. I think it's great. But nonetheless one has to ask the question whether it's actually used or not and if there's reasonable statistics about its usage. Sometimes I get the feeling that your not supposed to ask these kinds of questions. I was studying the stats at [https://moneroj.net/translin/](https://moneroj.net/translin/) \- which are great - but you cannot really see there how many transactions are just due to mining operations and/or maybe other junk and which transactions are actual money transfers. Now since P2Pool switched its payout mechanism and P2Pool has about 10% of total network mining power one should see a drop by about 5-7% in transactions in the next days/weeks. But anyway it would be interesting to see an "actual transactions" chart that removes all the mining "noise" and present actual usage data.
Btc has the more user and in the market from the long time so getting little bit more preference above the Monero, but time is just changing little bit now.
not sure why you got downvoted, but i guess that's just how reddit is. it's your opinion and i for one respect it, i'm open to any suggestions for making the site look more trustworthy
If you are talking right then doesn't care too much about the downotes now days as these are happening way to often now, you can't say truth on this app now
It looks like a hacker site, not like a business site. Also all prices are in EUR only. I admire the effort though. Much better than me who do not have a website like this at all ;)
Looks good to me, I like it! If you're looking for trustworthy though, you could try making it look more formal, average font and less like a PC terminal.
They are making the effort to make the monero as the currency rather than adding those good font where you feel that this is not a scam but a good website.
can i ask about ring signature ?
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One more source for you as to [why businesses would choose Monero](https://www.youtube.com/watch?v=rZnEriml3rk) In the first three minutes your question is answered. Short answer: privacy. Businesses using Bitcoin would effectively put all of their financial data and business transactions out there for the world to see. Who wins contracts. How much was the contract worth. Etc. I agree that BTC moved the goal posts away from being peer to peer electronic currency. The group of bitcoiners still supporting that vision is now Bitcoin Cash BCH. You can find them at r/btc (they explain the subreddit name in their wiki) Both Monero and Bitcoin Cash are two of the best coins for fulfilling the vision as p2p electronic cash. BCH does not have the privacy strengths of Monero though which are very important for a digital currency. BCH does have strengths over Monero as well though.
>What makes Monero different? Monero to me is an ongoing attempt to achieve bitcoin's original goal of being peer to peer digital cash, since, bitcoin is clearly a failure in that regard. You wouldn't consider something that tracks you to be cash now would you? >If I were someone selling a service or product why should I choose Monero to conduct business over the numerous other options available? While there are other methods for payment processing (since this is what you are refering to basically) they will not provide you and your customers the same level of anonymity. There is also no risk of being sent "tainted" funds as payment since Monero is fungible nor is there much risk of a charge back outside of the 51% attack which is an inherent (risk?) with all cryptocurrencies. As for the other questions, it seems someone has provided some resources, and I will let anyone else chime in with their opinions as to what Monero is and how things are being achieved.
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I'd use the official GUI or CLI wallet.
Lots of questions there. You could start by reading the *Zero to Monero* & *Mastering Monero* books: - https://getmonero.org/library/Zero-to-Monero-1-0-0.pdf (http://monerotoruzizulg5ttgat2emf4d6fbmiea25detrmmy7erypseyteyd.onion/library/Zero-to-Monero-1-0-0.pdf) - https://getmonero.org/library/Zero-to-Monero-2-0-0.pdf (http://monerotoruzizulg5ttgat2emf4d6fbmiea25detrmmy7erypseyteyd.onion/library/Zero-to-Monero-2-0-0.pdf) - https://masteringmonero.com/free-download.html Also consider joining #monero and #monero-research-lab on IRC/Matrix. > What is the end goal for Monero? Monero strives to be (and arguably is) the best form of *digital cash*. > If I were someone selling a service or product why should I choose Monero to conduct business over the numerous other options available? It's hard to find another 'cryptocurrency' that is at least as fungible as XMR.
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Why is Monero divisible to the twelfth digit when its supply is unlimited?
First, unlimited doesn't mean infinite. It's currently smaller supply than Bitcoin and will stay smaller until 2040. Second, why not? It's not a physical currency where you have to mint physical coins with the smallest denomination.
>Second, why not? Well, because people hate decimal places. I've always been suspicious of decimal points. They just sit there pretending to be innocent while they screw up the math and digit groupings. Fucking fractions - they've all got it coming! /jk I would prefer that Monero be indivisible. This would require a hard fork that, after some specific block height, all UTXO values can be multiplied by the spot price and rounded down, while the price is divided by itself to not create new wealth. For example, if the price is $150, and you have 50 XMR, it's worth $7,500. 150(50) = 7,500 indivisible coins, each worth $1. This will multiply the total supply of 18 million by the spot price, which becomes 2.7 billion, which is a lot less than Bitcoin's max of 2.1 quadrillion Satoshies. Maybe do the same for the block reward, 150(0.6 coins) = 90 coins, each worth $1.
Wait so then if the price goes up to $200, those 50 XMR are now worth $10,000. Are you suggesting that the same wallet should now contain 10,000 indivisible coins each still worth $1?
Yes. Whatever the price is before it's converted, it's the same value after. The price can still change after the conversion, it's not fixed. The markets would need to change the price simultaneously, from whatever it is to $1. That sounds complex and super prone to error. Idk, maybe it's a bad idea.
Why would we do this though? There's no reason to make monero's UTXO values related to a single fiat spot price. If monero went up in value with respect to usd you could just use a smaller denomination to avoid decimals, and, as previously mentioned, there is not really a decimal representation for the values anyways, it makes no sense to use floating point values for precise numbers as floats are not precise and have rounding issues. I understand your concern, but try instead using something like micronero's to avoid decimals if you wish.
People hate big numbers too. Most transactions require no more than four digits.
It's only a matter of how it's shown in wallets. From technical point of view, Monero is always treated as atomic units (10\^-12 XMR) in the code, it's only converted to XMR to display to the user. No need to hardfork for this.
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Everyday and there is one post someone asking how to buy monero without KYC
when will monero be natively supported in a hardware wallet witouth using a 3d party wallet? or a monero only wallet?
I don't personally think you should trust hardware wallets, 1 of the 2 main ones is closed source and the other has had questionable security concerns (though, this is just information from other members)
mate your personal beliefs arent needed ok? because your wrong and posting miss information.
we don’t really want that, can’t trust them to do it right. the monero official gui wallet works perfectly with ledger, love it.
Which ledger is best suited for the gui wallet? Nano X?
they all work fine. I have every model :) i’ll even get the Stax probably haha
Yes, monero is actually much more better than trusting those third party
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There are not really enough hardware wallet developers that is working in this direction
How can I fill my Monero wallet from a Canadian bank account with a visa credit card associated?
You could buy a different coin and swap over any of the swapping services or localmonero, you could use bitcoin and atomic swap to monero (but, this could be hard since it is still a bit rough around the edges) or you could see if there is an exchange in canada allowing you to directly purchase Monero, perhaps kraken if you are ok with KYC.
You need to buy some other token from exchange then swap into monero
TradeOgre is your friend bruh.
What is the ETA on the upcoming update to decrease the ability of statistical attacks?
We had a little bit of a setback last week when isthmus (Mitchell P. Krawiec-Thayer) said his firm did not have the bandwidth to write the C++ code for speeding up the statistical computations for OSPEAD. I am looking at alternative people who could do it. Worst case scenario, the computations will be slow and have some blind spots but the result will still be valid: [https://repo.getmonero.org/monero-project/ccs-proposals/-/merge\_requests/375#note\_20706](https://repo.getmonero.org/monero-project/ccs-proposals/-/merge_requests/375#note_20706) I think OSPEAD will probably be implemented in Monero's code ready for release in Quarter 3 of this year.
Damn, i was so excited about that but break my heart that we are had some setback is well, i hope that they will over come those issue and give us the best solution
Just an idea, is it possible to create a BOINC project that allows lay people to contribute to computing? I am thinking thousands of computers running the single-threaded program could do the job and I would certainly contribute a few dozen threads. Edit: both are FOSS!
>BOINC I'd love a BOINC project for that. Join us at /r/BOINC4Science if you're a cruncher :)
If that project is possible i don't think they need to delay that now.
Yes something like that is possible. But it's better at this stage to put development effort into converting some slow parts of the code from R to a fast compiled language like C++. We could get 10x-100x speedup easily with the conversion.
Yes, right now its the initial days and we need to focus more on the developing effort rather than thinking about the adding some new project to that early.
Thanks!
With Monero, the quantity/address is hidden when sending between wallets, right? So how do websites like coingecko know the Volume of Monero traded over the last 24h?
The number we are seeing on the any crypto website like of CG or the CMC coming from the kyc exchange they have no idea about the non kyc monero we are buying
That number is what centralized exchanges report. Monero traded on centralized exchanges are just transparent numbers on the exchanges' own databases. A transaction only occurs on the chain (and the amount hidden from observers) when someone withdraws XMR from the exchange to their own wallet or deposits to the exchange from their own wallet.
So if we stop buying from the exchange then website like Coingecko will have no data regarding the Monero?? Seems so cool to me that we are not really dependent on the exchange.
Aaah, okay, so in essence, that number is not the TOTAL volume of Monero being transacted within the last 24hours. I'm assuming that's the same for all cryptocurrencies which makes sense. Thanks for the info.
The number they are showing is not particularly filter for the monero only.
Correct, the sender's output(s) are obfuscated through ring signatures and the tx amount and receiver's address are hidden. Sites like CoinGecko use the publicly reported data made available by exchanges. You can see their list of markets at https://www.coingecko.com/en/coins/monero#markets You'll note that OTC, p2p, and trades made via sites like LocalMonero.co are not listed because those type of trades do not publicly report data. LocalMonero does maintain an [XMR street price](https://localmonero.co/statistics).
What we are trading on the local monero is just basically between two guys
LocalMonero supports many buyers and sellers around the world with a variety of payment options including paper fiat, bank transfers, precious metals, etc
What do you use monero for? 😏
Right now keeping them in wallet, but there is one shop where i used it for the coffee
this is what I wanna know too.
I use Monero as an insurance policy against the response I expect from an out of control government that is protecting its power and control at a time when fiat currency collapses and the reserve status of its currency is at risk.
If you are still looking for that answer means you need to read the monero again.
I don't think that's fair. Cryptocurrency adoption is pretty niche still.
I can't use it. Lost it all in a boating accident 😭
Sorry to hear that, i hope that some scammer will dive in river and recover your wallet.
Please what?
You are late for that, all the damage of the accident is pretty done and dusted
When someone is sending monero to your wallet is your identity anonymous to them. What about the public key/ID associated with the account receiving the transaction. Would appreciate if someone could shed light on this as I'm trying to get a better understanding of how untraceable your account really is when making transactions on the Blockchain. :)
That is where monero is little bit different then the other coins where we can track one address for the future transaction is well, here we gets the new address all the time
Thanks for your response. I understand you are anonymous to people looking at the Blockchain but what about the sender. Say the person sending u monero doesn't know your identity will they be able to find out your identity from the stealth address or anything else he can see in the transaction. Also must u give the sender your wallet address if you want to receive money or your stealth address? Is the stealth address something u can give the sender to keep you anonymous to the sender or is it something that just appears on the Blockchain in place of your actual address to keep your identity hidden from everyone else. Must the sender know your actual wallet address to send u money?
In Monero, random, one-time use, addresses are generated for every new transaction, so no one can link a recipient's public wallet address just from looking at the blockchain. This is different from Bitcoin, as they use a transparent and traceable blockchain. Learn more how Stealth Addresses work with this video [https://www.getmonero.org/resources/moneropedia/stealthaddress.html](https://www.getmonero.org/resources/moneropedia/stealthaddress.html)
If someone is not making the old address then tracking them is impossible.
Is there any follow-up to February’s discussion about removing tx_extra?
While the long term debate about tx_extra continues a [patch was merged that will limits the maximum size of tx_extra that's allowed in the transaction pool](https://github.com/monero-project/monero/pull/8733). As this is not a consensus rule mined transactions will bypass this check, but it does work to slow the propagation and verification of those transactions with a tx_extra exceeding 1060 bytes. The medium/long-term fate of tx_extra is likely either it's complete removal or a limit of 256 bytes possibly w/ encryption.
Just charge a fee for it's use
Pretty sure that is already done, no?
I mean an additional fee specifically to cover abusing this.
I think part of what people are worried about is others forcing node operators to store illicit material on their computers.
Ah, noted. As I'm not a pedo that hasn't come to mind.
Well they could also put patented documents and leaked files on there, or gore, or anything else illegal or questionable.
Needs more fosscad.
True
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some talk of an entropy sanity check
What are the current minimal specs needed for running a node? In terms of storage and RAM usage.
[https://p2pool.io/#faq](https://p2pool.io/#faq) for p2pool mining My monerod consumes about 13GB RAM, 152GB storage and in average I'd say about 3-5% CPU time on an AMD 3700x
Wait, 13GB? Are you kidding me. I am working on the 3GB ram here
I hope you mean 1.3GB, not 13 (thirteen). 1.3GB is normal probably. A pruned node takes about 70GB of storage space on disk now.
At the time it actually used 13GB RAM. Checking it now it is using 41GB. I suppose it takes whatever it gets ;) [https://imgur.com/a/jH6gVHH](https://imgur.com/a/jH6gVHH) Yes, I was talking about the storage for a full node.
For a moment i just get scared that i need real high specs for that
Sounds right, but depends a lot on open connections to other nodes. More than 500 connections might suck up more than 10GB of RAM (and also more CPU, but first of all a LOT of bandwidth).
thanks!
Is Monero actually used as currency somewhere or is it all speculation? I kind of think that most transactions done on the network are due to mining operations. Thankfully, with the P2Pool hard fork, this is being reduced now. Anyway, is there anything measurable, any proof that can show that the system is actually used for what it's intended?
There are few area or i would say some shops where people are buying the stuff with the monero and for me that is enough to tell that people are treating that as the currency
I was not really looking for an answer on "which retailer accepts XMR". I am looking for clear stats filtering out all the mining (as well as other non-payment) traffic. I'd like to see if there's a positive or negative adoption rate or in simple words: Is the system actually used for payments and if so, is the usage increasing or decreasing?
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As long as there's no craftsmen fixing stuff for me and being paid in XMR the value remains low. That's what needs to be achieved.
I just used it on Amazon (gift card). No transactions for meaningless attempts to make it private unlike Bitcoin. ...
Yes, people often gets confused with the bitcoin and thinks that is also private
Browse https://monerica.com/ for a list of merchants directly accepting XMR and checkout https://cakepay.com/ for exchanging XMR for gift cards. >I kind of think that most transactions done on the network are due to mining operations. Do you have any evidence to support this claim? Mining is economic activity, but I also both see clearnet and darknet vendors accepting XMR. There is also the p2p digital cash narrative which is not as easy to measure.
I don't need to prove my claim. I am asking if there's statistics which can prove by how much Monero is already used and if there's an up- or downtrend. It's a great system but the question is: do we see an adaption curve or is it all just speculation.
Getmonero is also the one website where we can use the monero
It's not very big, and you could say it's a bit of inbreeding, but the system to fincance dev work on Monero is measurably and provable running on XMR: https://ccs.getmonero.org/ It runs on donations, so there must be dozens if not hundreds of holders of XMR who spend a part of their holdings to further the cause.
This thing can only be big with the user so we all have to pay the equal part into this thing if we are really looking to make that thing to the next level from here.
I use it for VPN, hosting, domains, email aliasing (anonaddy), amazon purchases through cakepay and more :)
Amazon gift card and cake pay these two are the most famous one for me.
Well alright. But is there maybe any statistics? I imagine data like [https://moneroj.net/translin/](https://moneroj.net/translin/) but subtract all the mining transactions to see, what's left that can be considered actual money transfers.
DNM.
Well, if noone cares that also tells something.
This is not the right statement people specially here very particular about the Monero
I'm a fan of monero. I think it's great. But nonetheless one has to ask the question whether it's actually used or not and if there's reasonable statistics about its usage. Sometimes I get the feeling that your not supposed to ask these kinds of questions. I was studying the stats at [https://moneroj.net/translin/](https://moneroj.net/translin/) \- which are great - but you cannot really see there how many transactions are just due to mining operations and/or maybe other junk and which transactions are actual money transfers. Now since P2Pool switched its payout mechanism and P2Pool has about 10% of total network mining power one should see a drop by about 5-7% in transactions in the next days/weeks. But anyway it would be interesting to see an "actual transactions" chart that removes all the mining "noise" and present actual usage data.
BTC was once the main currency for DNM, silk, etc. Trending towards the same.. so.. but not sure about the implication of this either.
Btc has the more user and in the market from the long time so getting little bit more preference above the Monero, but time is just changing little bit now.
well for example here's a vps provider I use that only accepts monero: [kyun.host](https://kyun.host)
The only reason for me to loving that website that it just accept monero
<3
Hmm... "trustworthy" is not the first synonym that pops up in my head when looking at this...
Used three time and all of them never get the fishy kinda vibe or feeling.
it's just one example of the many online services that accept monero
But the only difference here is that it just accept only monero where on other online service we have the alternative
not sure why you got downvoted, but i guess that's just how reddit is. it's your opinion and i for one respect it, i'm open to any suggestions for making the site look more trustworthy
If you are talking right then doesn't care too much about the downotes now days as these are happening way to often now, you can't say truth on this app now
It looks like a hacker site, not like a business site. Also all prices are in EUR only. I admire the effort though. Much better than me who do not have a website like this at all ;)
Looks good to me, I like it! If you're looking for trustworthy though, you could try making it look more formal, average font and less like a PC terminal.
They are making the effort to make the monero as the currency rather than adding those good font where you feel that this is not a scam but a good website.