Deadpool breaks down Monero, the privacy coin launched in 2013 that hides sender, recipient, and amounts unlike Bitcoin. It covers real uses like private retail purchases and musicians like the B-52s accepting it, with a cautious hold recommendation.
October 2013.
December 28, 2017.
The B-52s (named as an example).
Hold.
Monero, Bitcoin's badass cousin. Like Bitcoin, Monero never knew its father. It came into the limelight from the dark after its mysterious creator launched it back in October 2013. It has since been taken over by a team of talented developers who have continued to improve the coin's security and efficiency. Monero is the deadpool to Bitcoin's Ironman. It is cooler, naughtier, and you're not quite sure if you should let your kids know about it. Its appeal is that it allows for completely anonymous transactions because all transactions are untraceable, since the addresses of senders and recipients are totally hidden. So say you wanted to buy a backpack. No, a backpack. Thank you. So say you wanted to buy a backpack. You could use Monero to buy this backpack from a retailer as a Christmas present to your wife, and she won't be able to track it down and ruin the surprise. Monero, unlike Bitcoin or Ethereum, hides literally every aspect of a transaction to make sure that nobody can find out how much money you spent last year on Taylor Swift memorabilia. Okay, fine. Or drugs. But Monero is very valuable in other aspects as well. It can help businesses a lot, because if a business buys something from a supplier with Bitcoin, that supplier can use the company's Bitcoin address to track all previous transactions the company has made. If this happens, the suppliers could gain a serious upper hand in negotiations or altogether remove the company's ability to negotiate, depending on the information they uncover. Or if you have a company that charges on a per project model, you could have the client knowing all the fees for every other client, making it harder to grow and once again taking away the business's ability to negotiate. But it isn't just corporations, hackers and stoners who love Monero. Recently, a number of musicians such as the B52s, have decided to start accepting Monero as payment for their music. Now you can pay for that love shack without anybody finding out. So, as an investment, Monero seems like it's on the right track. It has a solid target, proven tech, and is a shoo in for mass adoption. So we'd advise hold as to how this currency has been used and may continue to be used for illicit behavior. Well, I like the old adage, guns don't kill people, People kill people. But if you're looking for people who do kill people, I'm sure they take Monero.
Still a morning Just touch my cheek before you leave me d Just call me Angel. Morning, Angel. Just my feet before you leave me?
