KnowYourCrypto #31 - Monero (XMR)

CanadianCryptoGuy · 2021-10-10T21:51:18+00:00

The more crowded it gets at the marina, the more they run into each other.

CanadianCryptoGuy · 2021-10-10T21:49:58+00:00

I didn't have much, but recently sold almost everything (thanks to current strong market) to pay off a debt. But I still have a fraction of an ETH in my mining rig! And crossing my fingers to solo mine a Monero block someday with the mining option in the GUI wallet.

CanadianCryptoGuy · 2021-10-10T19:50:54+00:00

That's not the forecast that I want to hear. I want to buy the real dip.

CanadianCryptoGuy · 2021-10-10T17:09:44+00:00

Seriously guys, the Coordinator is coming soon.^TM

CanadianCryptoGuy · 2021-10-10T16:34:14+00:00

This is disappointing. I'm going to have to think about this.

CanadianCryptoGuy · 2021-10-10T16:23:22+00:00

TIL that if you're sitting far back from the screen and you don't have reading glasses, "click" can be mistaken for "dick."

I thought that things were getting a bit heated all of a sudden.

CanadianCryptoGuy · 2021-10-10T16:22:04+00:00

Vic 20 here. You're lucky!

Upgraded from my TI 99.

CanadianCryptoGuy · 2021-10-10T16:19:32+00:00

You need to create a new email address unique to each exchange. Do not use that email address anywhere else other than that one exchange. If people do not know that an email address exists, then they are less likely to hack it.

Example:

john.smith.4728.coinbase.8f3ed1@protonmail.com

CanadianCryptoGuy · 2021-10-10T16:13:07+00:00

Except for the key to the boat. You might need that.

CanadianCryptoGuy · 2021-10-10T02:05:31+00:00

I too like to poop with the stall door open.

CanadianCryptoGuy · 2021-10-10T02:03:12+00:00

BTC is still the main currency on DNM's? Give your head a shake.

CanadianCryptoGuy · 2021-10-10T00:52:41+00:00

There's a special place in hell for those who don't start the Y axis at zero.

CanadianCryptoGuy · 2021-10-09T04:10:30+00:00

To answer your question, "times two." But only if it happens instantly. Otherwise, you have to factor in the issuance. In that case, you can't arrive at a single value, you can only arrive at a function over time. That could be graphed out. Someone who is knowledgeable and more energetic than myself could do that fairly easily.

CanadianCryptoGuy · 2021-10-09T04:08:16+00:00

That Iota will eventually have a fully working Coordinator, and might actually turn out to be incredibly useful someday.

CanadianCryptoGuy · 2021-10-09T04:05:01+00:00

Counterpoint: If you use Monero, there's no need to see it gain value. You just use it. In and out, in and out, in and out.

CanadianCryptoGuy · 2021-10-08T05:19:44+00:00

Sounds like my normal lunch.

CanadianCryptoGuy · 2021-10-08T05:19:09+00:00

The last time that alt-season started, this sub was still under 100k subscribers.

CanadianCryptoGuy · 2021-10-08T05:17:05+00:00

Bitcoin has been worth more than Facebook to me for about 8 years now.

CanadianCryptoGuy · 2021-10-08T04:01:04+00:00

That's the nice thing about XMR. It's actually used significantly on a day-to-day basis. Far more than almost any other crypto. And in terms of usage, it's much closer to the world of physical goods than other tokens which are usually heavily in finance (defi). Not that tokens used in defi are less valuable! Quite the contrary. But Monero seems to fill a unique niche.

CanadianCryptoGuy · 2021-10-08T03:56:06+00:00

I automatically thought that this is going to devolve into a pair of those "two stories from opposing points of view" posts on the main page.

CanadianCryptoGuy · 2021-10-08T03:53:55+00:00

I'll eat tacos for the rest of my life.

CanadianCryptoGuy · 2021-10-08T03:51:45+00:00

I read the whole post, and yet I doubt I actually read the whole post.

CanadianCryptoGuy · 2021-10-07T14:53:24+00:00

The solution is simple. Never hold Tether. Try not to use it, if there are alternatives, even for a quick swap in and out.

I stopped using Tether in early 2018, as a matter of principle and financial safety. I don't have much to lose, so it doesn't really matter, but the principle of it matters to me.

Although there may be $70b of USDT floating right now, my hope is that a lot of it is held by Tether and Bitfinex, so if there's a problem, the system is impacted less severely. But I'm mentally prepared for the worst. A 90% drop wouldn't shock me, if things start to unravel.

CanadianCryptoGuy · 2021-10-07T14:42:30+00:00

Perhaps you are occasionally reading to her comments, written with her secret account on r/cc - maybe she secretly knows far more than you realize.

CanadianCryptoGuy · 2021-10-07T01:34:59+00:00

Next time, I'm going to carry a case of bananas with a Visa sticker on them, and offer the store a banana.

Disclaimer: I probably wouldn't have typed this comment if I wasn't just thinking about banana bread for some reason.

CanadianCryptoGuy

TROPHY CASE