/////Your Guide to Monero, and Why It Has Great Potential///// Marketing
It's a dirty word for most members of the Monero community.
It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers.
This is what makes this an unusual post from a member of the Monero community.
This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential.
Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome.
I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so.
///Upcoming Developments/// Bulletproofs - A Reduction in Transaction Sizes and Fees
Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to reduce both fees and transaction size by 80% to 90%
. This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! More information can be found here
. Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested. Multisig Multisig has recently been merged!
Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero. Kovri Kovri
is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy. Mobile Wallets
There is already a working Android Wallet called Monerujo
available in the Google Play Store. X Wallet
is an IOS mobile wallet. One of the X Wallet developers recently announced
they are very, very close to being listed in the Apple App Store, however are having some issues with getting it approved
. The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon. Hardware Wallets
Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The Ledger Nano S will be adding Monero support by the end of Q1 2018
. There is a recent update here too.
Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing only about $20!
In addition, the CEO of Trezor has offered a 10BTC bounty
to whoever can provide the software to allow Monero integration. Someone can be seen to already be working on that here
. TAILS Operating System Integration
Monero is in the progress of being packaged in order for it to be integrated into TAILS
and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers
, and consequently, darknet market users.
In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01
has provided Sheep's Noob guide to Monero GUI in Tails 3.2
, which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow. Mandatory Hardforks
Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a Consensus Protocol Update
. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. This reddit post
provides more information. Dynamic fees
Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees! Tail Emission and Inflation
There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. Gundamlancer explains
that Monero's "main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore. Monero Research Lab
Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See here
. The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found here
///Monero's Technology - Rising Above The Rest/// Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless
Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics
, and has lead to the prosecution of numerous individuals, such as the alleged Alphabay administrator Alexandre Cazes
. In the Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes
, the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: "In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero"
Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently reiterated his concerns
of optional privacy after Jeffrey Quesnelle published his recent paper
stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, but Zcash is supported by DARPA and the Israeli government!
Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. You can view Monero's non-existent rich list here
to see for yourself.
I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions
. To Zcash's demise, Zooko famously tweeted:
" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"
Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law
summarised the problematic nature of Ethereum's leadership and blockchain intervention:
" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology." Monero provides Fungibility and Privacy in a Cashless World
As outlined on GetMonero.org
, fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity.
A great example of Bitcoin's lack of fungibility was reposted
"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment."
This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain.
The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and there is a potential for data to be used by third parties for adverse purposes
. While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their Private View Key
with their accountant for tax purposes.
Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, a Russian cryptocurrency blogger was recently beaten and robbed of $425k
. This is why FUNGIBILITY IS ESSENTIAL. To summarise this in a nutshell:
"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain"
For those that wish to seek more information about why Monero is a superior form of money, read The Merits of Monero: Why Monero Vs Bitcoin
over on the Monero.how
website. Monero's Humble Origins
Something that still rings true today despite the great influx of money into cryptocurrencies was outlined in Nick Tomaino's early 2016 opinion piece
. The author claimed that "one of the most interesting aspects of Monero is that the project has gained traction without a crowd sale pre-launch, without VC funding and any company or well-known investors and without a pre-mine. Like Bitcoin in the early days, Monero has been a purely grassroots movement that was bootstrapped by the creator and adopted organically without any institutional buy-in. The creator and most of the core developers serve the community pseudonymously and the project was launched on a message board (similar to the way Bitcoin was launched on an email newsletter)." The Organic Growth of the Monero Community
The Monero community over at monero
is exponentially growing. You can view the Monero reddit metrics here
and see that the Monero subreddit currently gains more than 10,000 (yes, ten thousand!) new subscribers every 10 days! Compare this to most of the other coins out there, and it proves to be one of the only projects with real organic growth. In addition to this, the community subreddits are specifically divided to ensure the main subreddit remains unbiased, tech focused, with no shilling or hype. All trading talk is designated to xmrtrader
, and all memes at moonero
. Forum Funding System
While most contributors have gratefully volunteered their time to the project, Monero also has a Forum Funding System in which money is donated by community members to ensure it attracts and retains the brightest minds and most skilled developers. Unlike ICOs and other cryptocurrencies, Monero never had a premine, and does not have a developer tax. If ANYONE requires funding for a Monero related project, then they can simply request funding from the community, and if the community sees it as beneficial, they will donate. Types of projects range from Monero funding for local meet ups, to paying developers for their work. Monero For Goods, Services, and Market Places There is a growing number of online goods and services
that you can now pay for with Monero. Globee
is a service that allows online merchants to accept payments through credit cards and a host of cryptocurrencies, while being settled in Bitcoin, Monero or fiat currency. Merchants can reach a wider variety of customers, while not needing to invest in additional hardware to run cryptocurrency wallets or accept the current instability of the cryptocurrency market. Globee uses all of the open source API's that BitPay does making integrations much easier! Project Coral Reef
is a service which allows you to shop and pay for popular music band products and services using Monero.
Linux, Veracrypt, and a whole array of VPNs now accept Monero.
There is a new Monero only marketplace called Annularis currently being developed
which has been created for those who value financial privacy and economic freedom, and there are rumours Open Bazaar
is likely to support Monero once Multisig is implemented.
In addition, Monero is also supported by The Living Room of Satoshi
so you can pay bills or credit cards directly using Monero.
Monero can be found on a growing number of cryptocurrency exchange services such as Bittrex, Poloniex, Cryptopia, Shapeshift, Changelly, Bitfinex, Kraken, Bisq, Tux, and many others
For those wishing to purchase Monero anonymously, there are services such as LocalMonero.co
you can pay Bitcoin addresses directly with Monero. There are no other fees than the miner ones. All user records are purged after 48 hours. XMR.TO has also been added as an embedded feature into the Monerujo android wallet. Coinhive Browser-Based Mining
Unlike Bitcoin, Monero can be mined using CPUs and GPUs. Not only does this encourage decentralisation, it also opens the door to browser based mining. Enter side of stage, Coinhive browser-based mining. As described by Hon Lau on the Symnatec Blog
The main Monero subreddit has weekly Skepticism Sundays
which was created with the purpose of installing "a culture of being scientific, skeptical, and rational"
. This is used to have open, critical discussions about monero as a technology, it's economics, and so on.
///Speculation/// Major Investors And Crypto Figureheads Are Interested
Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated "One that has real fundamental value besides from Bitcoin is Monero"
and said it has "very strong engineering"
. In addition, when he was asked if that was the one used by criminals, he replied "Everything is used by criminals including the US dollar and the Euro"
. Paul later supported these claims on Twitter, recommending only Bitcoin and Monero as long-term investments
. There are reports
that "Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin
Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, Charlie Lee tweeted
All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment.
John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin
Playboy instagram celebrity Dan Bilzerian is a Monero investor, with 15% of his portfolio made up of Monero
Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a CNBC Crypto video interview
, explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating:
"Monero is a really good one. Monero is an incredible currency, it's completely private."
There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money
is aware of Monero and gradually filtering in. The Bitcoin Flaw
A relatively unknown blogger named CryptoIzzy
posted three poignant pieces regarding Monero and its place in the world. The Bitcoin Flaw: Monero Rising
provides an intellectual comparison of Monero to other cryptocurrencies, and Valuing Cryptocurrencies: An Approach
outlines methods of valuing different coins.
CryptoIzzy's most recent blog published only yesterday titled Monero Valuation - Update and Refocus
is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero.
CryptoIzzy also published The Power of Money: A Case for Bitcoin
, which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the four figure
range. Monero Has a Relatively Small Marketcap
Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit.
Compared to other cryptocurrencies, Monero still has a low marketcap
, which means there is great potential for the price to multiply. At the time of writing, according to CoinMarketCap
, Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin.
For this reason, I would argue that this is evidence Monero is grossly undervalued. Just
a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin.
Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money. Technical Analysis
There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found on Trading View
. Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: Monero's dwindling supply. $10k in 2019 scenario
, in which Ero23 predicts Monero to reach $10,000 in 2019. There is also this chart
which appears to be freakishly accurate and is tracking along perfectly today. Coinbase Rumours
Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the GDAX Digit Asset Framework
outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as Coinbase had in excess of 13 million users as of December
, and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMfiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMfiat trading. Monero Is Not an ICO Scam
It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and we have already seen numerous instances of ICO exit scams
. Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases. Monero is a Working Currency, Today
Monero is a working currency, here today.
The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A crypto-assest
is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc.
Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin.
Monero is the only coin with all the necessary properties to be called true money. Monero is private internet money
Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy.
Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us.
Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users.
///Key Issues for Monero to Overcome/// Scalability
While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader
, and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit. In a post on the Monero subreddit
from roughly a month ago, monero
supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability:
"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them."
When the Spagni CNBC video was recently linked to the Monero subreddit
, it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan
summarised the issue explaining:
"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯" u/xmrusher
also contributed to the discussion, comparing Bitcoin to Monero using this analogous description:
"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money." Setting up a wallet can still be time consuming
It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node.
For users that do run into wallet setup issues, or any other problems for that matter, there is an extremely helpful troubleshooting thread on the Monero subreddit which can be found here
. And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. Monero.how
is a fantastic resource too!
Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero.
I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so.
Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price.
I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors.
I will leave you with an old on-going joke within the Monero community - Don't buy Monero
- unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ? Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork
Cryptocurrency Regulations submitted by
Since the launch of Bitcoin in 2009, the economic revolution of cryptocurrencies has generated a stir in its demand, causing an increase in its popularity, therefore, increasing the transactions within the blockchain and the movements of crypto in the market. Consequently, many countries have had to implement laws and regulations to control crypto transactions within their jurisdiction, note that the blockchain are decentralized and do not respond to any public financial and legal entity, causing a lack of control over the transactions within the network.
Telos Blockchain, having governance and a specific and defined arbitration system, is governed by laws and regulations that prevent many illicit actions from becoming effective, this collaborates with the cause of the countries that are implementing new regulations, becoming the ideal platform.
As the demand for crypto increases, governments apply greater regulations at a global level, taking into account that cryptocurrencies are not backed by central banks, which is why many countries believe that there should be regulations that control this type of currency since it affects its local currency directly and indirectly; despite being an asset that can bring economic benefits to its users, it also lends itself to criminal actions through the network and the crypto. Any decision or economic announcement made in each country determines negatively or positively the behavior of the price of digital currencies.
The regulators aim to prevent illicit actions in exchange houses, such as, for example, money laundering, terrorism financing, scams, payments to the dark web among others; According to the DEA, 10% of transactions with cryptocurrencies are used for illegal activities. During an interview with Lilita Infante of the United States Drug Enforcement Administration (DEA), published in Bloomberg, five years ago the percentage of criminal activity in blockchain transactions was 90%, at present, this number represents 10%, which has become transactions for price speculation and not for other purposes.
In countries of the first world, governments have established regulations and laws that control the use of crypto assets. The regulations applied in China are not the same applied in the United States or Japan. Herein will be specified some regulations of countries where crypto have marked a trend.
Regulations In Japan
Asia, is one of the continents where more transactions of cryptocurrencies are made, not all countries that constitute the continent have been receptive, but this is not the case in Japan; where there are regulations in the commercial exchange of cryptocurrencies. The amendment that approved the use of cryptocurrencies in the country took effect as of 2017; under the Payment Services Act, only exchanges with representatives that reside in Japan and have offices in the country registered as part of the Japanese financial services agency may legally operate in the exchange of digital currencies.
The National Tax Agency (Dec 2017), established that all income in cryptocurrency are classified as “miscellaneous income” and are added to the total amount of other income that a citizen has; the taxes are calculated from the total amount of the incomes and then they are taxed. Investors must pay taxes at rates that range from 15% to 55%.
Japan under the Act on Prevention of Transfer of Criminal Proceeds, exchanges are required to verify the identities of customers who open accounts, keep records of transactions and notify the authorities when a suspicious transaction is recognized. Following the loss of 400 million dollars in NEM tokens in one of the most used exchanges in Japan, Coincheck, the government of Japan, according to the Library of Congress
“The local Finance Bureau ordered Coincheck to submit a report on the same day, examined it, and issued an order of business improvement on January 29, 2018. The following day the FSA requested all cryptocurrency exchange businesses to review their system-risk management plans and report the results to the FSA. On March 2, 2018, the FSA conducted an on-site inspection of Coincheck. On March 8, 2018, the local Finance Bureaus issued business-improvement orders to seven exchange businesses, again including Coincheck. A group of cryptocurrency exchange businesses publicized their decision to form a new self-regulating body on March 2, 2018, that all registered exchange businesses will join. The body aims to obtain authorization from the FSA under the Payment Services Act.”
Regulations In China
In this country, both cryptocurrencies and exchange houses have been banned by the People’s Bank of China (PBOC), were completely eliminated in 2017, where 173 platforms were closed by 2018. Financial institutions cannot make any transactions with Bitcoin or another digital currency. In addition, they also banned ICOs and national currency exchanges. Additionally, as of January 2018, most of the crypto miners closed operations.
Unlike mainland China, there is a British ex-colony that in 1997 stopped being part of Britain and became part of the Chinese, but it was agreed that this region would be autonomous for half a century before Beijing takes full control over it. In other words, it is “one country, two systems”. This area called Hong Kong is governed by the same president of mainland China but does not comply with the same communist regulations. Unlike China, the cryptocurrencies are legal, currently, there is no legislation that regulates digital money, but they have an anti-crime organization which sanctions those who do not comply with requirements that stops cases of money laundering or fraud; Bitcoin is considered a virtual asset. Crypto Legal Status 2019
Regulations In The USA
Currently, cryptocurrencies are not considered as legal tender, although their exchange is; the regulations will depend on the state and the federal authorities since each one has different concepts of cryptocurrencies.
The Financial Crimes Enforcement Network (FinCEN) considers that tokens are another value that replaces the local currency (Dollar), unlike the Internal Revenue Service (IRS) which establishes that cryptocurrencies are taxed as a property and not like a coin.
In 2015, 802 people declared and paid taxes on the cryptocurrencies profits, which means that users are evading these taxes; The IRS is apparently using a unique software that helps them locate those users who are evading taxes. This theory is promoted by Laura Walter, a certified public accountant and cryptocurrency tax specialist, who published on July 8, 2018, a document that apparently has been presented to IRS agents of the Criminal Investigation division. The document indicates that the IRS intends to serve the subpoenas to request from large technology companies (Apple, Google, Paypal among others) information on users’ download history and to confirm whether they have any application in their devices related to any cryptocurrency.
The United States is considered one of the countries with most transactions in LocalBitcoin, therefore, they have placed more regulations and laws when making this type of transactions. In 2018, the US Supreme Court debated the future of Bitcoin for the first time, and this and other cryptocurrencies are regulated under United States law.
The treasury of the United States classified in 2013, that Bitcoin is a “convertible decentralized virtual currency”. The Commodity Futures Trading Commission, CFTC, classified bitcoin as a “good or asset” in September 2015.
The US government has required all monetary service companies, such as, for example, exchanges, which carry out considerable transactions in the region, to meet several requirements:
• Register in the FinCEN.
• Design an anti-money laundering (AML) program.
• Maintain record and make reports in case of suspicious activity (SAR). US FinCEN receives 1,500 SARs per month.
• Make and deliver reports of digital currency transactions (CTR).
Regulations In Canada
Currently, cryptocurrencies are not considered as legal tender, although their exchange is, depending on the province. Since 2013, the Canada Revenue Agency has taxed the cryptocurrency transactions depending on the type of activity. Canada was one of the first countries to draw up cryptocurrency legislation, which designated exchanges as “money service businesses,” where they have to follow with anti-money laundering and know-your-client requirements among others.
Regulations In The European Union
Cryptocurrencies are legal, depending on the country the regulations will change. Exchange houses are currently not regulated at the regional level. In some cases, the exchanges have to register with the regulators of each country, where they grant these companies authorizations to operate legally within the jurisdiction of each country. In addition, each jurisdiction has different tax systems, which charge citizen’s taxes from the profits of the purchase and sale of cryptocurrency that ranges from 0% -50%.
Regulations In Australia
In Australia cryptocurrencies (treated as property) and exchanges are considered legal; In 2017 the Australian Senate declared the legality of cryptocurrencies and are subject of Capital Gains Tax. The same year, they began debating statutes for anti-money laundering to the country’s cryptocurrency exchanges; by the end of the year, cryptocurrency exchanges have to register with the country’s financial intelligence agency Austrac where they have to verify the user identity and other requirements. Currently, there are no regulations for the use of digital money as a payment method.
Countries where cryptocurrency is banned or legal 2019
Consequently to the economic collapses that many developing countries have been through, there is a need for a stable economic structure that is not easily influenced by its environment. The blockchain has provided solutions to this need and many users from all over the world have had to resort to this economic model, as, for example, Third World countries, which suffer inflation, exchange controls, economic regulations by their governments, among other problems. Telos Blockchain has come to give an economical alternative to the user for the best management of their assets and their patrimony with a reliable and safe model, unlike other blockchains that have fallen into fraud, scams, money laundering among others, many countries have taken action on the matter and have placed regulations and laws that control possible security flaws in this model, such as unlawful acts.
I woke up to see the market down (bleeding red for some people) and knew what kind of posts I was going to find here. I learned a lot from this community, people have been kind to me, answered my silly questions, and I wanted to help back in some way. I am not an expert, but I hope you will find this post useful. Pls upvote so others can see.
A little about my background. I got diagnosed with a rare form of cancer (4-5 cases in the world kind of rare) 6 months ago. Tumor was removed but it is a translocation cancer, which means the source is located elsewhere. Doctors told me my case is unique, they don't have enough data and my case will be studied. I lost all my freelance clients, not being able to work, and went broke. I am 30 yrs old and got debt on me.
Life is funny. This whole episode changed my perspective. I realized I was concentrating on the wrong stuff. I needed to be more with friends and family, never took that dream trip because hey, there's always time. Truth is, you don't know what will happen tomorrow. People have died taking selfies.
Why I am talking about this????
Because no one needs money more than I do. My life is literally on the line here. But when I see the market bleed, you know what I think? What I see? I see opportunity and I think I will invest some more next month.
Yes, I am broke and I don't have enough to invest. My friend told me about crypto currencies and I spent my days in the hospital reading up on them. You see my name on reddit? I am here to learn, not for moons, lambos and FUD.
It is true that some of you have invested thousands and even millions in the crypto. My $500 investment is nothing compared to that. But for me, it is a huge deal. It depends on your financial condition really. Add to that the fact the I got cancer, debt, and that $500 becomes more important than anything else. But I am here. I am not panicking. I say HODL.
Here is my plan and below are some resources that will help me achieve this plan. Let me know if you are joining me on this journey. PLAN
In 5 years, I will be cancer free, debt free, broke-free (is that a word?). In 5 years, I will be rich. When I say rich, I don't mean lambo on the moon. I mean a lot of money, re-connect will all lost friends, more time with family, and own 2 businesses (hobbies) that I will enjoy working on.
I forgot one more thing - matte black customized mustang boss 429. :)
Why have a business if I am filthy rich? Because the ability to work on your hobbies and follow your passion is what financial freedom means for me. An empty mind is a devil's workshop. I have seen rich people go broke because they had nothing better to do except spend all their money on drugs, whores, casinos. It is better to be working, but not all the time. It gives your life meaning, purpose, direction, and perspective. How will I do it?
I will continue to make small investments in crypto for the next 5 years every month. It will be small amounts like $200-300 but in 60 months, it will translate into... more. I will withdraw some of it in the middle to start my small business and work on it. This should allow me to invest more in crypto and my business. In short - crypto will support my sites and sites will support crypto investments. I will improvise as I go along. Resources
I want to thank the community of reddit which helped me find these resources. These are not my findings. But I am sharing it here for others.
Read below pls.
I have copy pasted the whole thing from this thread - https://www.reddit.com/CryptoCurrency/comments/7pgh7u/ive_made_over_500k_in_crypto_here_are_some_good/
I saved the whole thread in Evernote. I do this for every important page, discussion, website, blogpost that I find and you should too.
Good info but it seems with the wrong intention. Anyways, it is important to pick the good from the bad. Learn to avoid FUD posts and look for quality informative posts that teaches you something. Have a good thirst for learning.
The original post has been deleted for PnD scheme, so I am just posting useful sites and info that will help you make better informed decisions. Hope the mods won't mind. Thank you.
- http://www.coindesk.com - Overview of what's going on in the crypto world
- http://cryptopanic.com - An aggregator of various crypto sites and news, filterable.
- http://coinmarketcap.com - Not just for checking prices, they also are the most convenient way to start your research as they have the blockchain explorers, official website links and also a useful API that can be linked to Excel. http://cryptomaps.org - Visualization of price across different segments, primarily hashing functions and ICO release dates
- http://onchainfx.com - A better version of coin market cap, has all sort of columns and you can add flags. Only downside is it only has 61 cryptos, but its always adding news ones.
- http://icotracker.net - I like this site for looking at what ICO are coming up
- http://icobench.com - Another ICO tracker which does nice summaries, shows teams, milestones, financials and gives a rating for each ICO
- http://solume.io - compares the number of Twitter mention increase decrease to price
- http://eveningstar.io - this is basically like Morning Star except for cryptos
- https://bitcoin.tax - for calculating taxes owed on your crypto gains
- BitcoinTalk Forums - Probably my favorite place to discuss crypto. Much more intelligent discussion than in this sub.
- Steemit and Medium have tons of great blogs about crypto, find what alts specifically interest you there.
- Follow developers on Twitter, Reddit has decent communities for each coin
Crypto markets move really fast and honestly that was why I entered the market. To make some quick money and support my treatment. But I quickly realized the true potential and the future. People who think long term, invest with the intention to hodl are the ones who make the most money more often that not.
If I can hold inspite of having cancer, I know you can hold too, and if you still can't, then please take a moment to sit back and think why you entered the market in the first place? What is your purpose? Your true north?
Here is a bullet point list for those who have little time on hand.
- Spend time with friends, family, and do more of things that you love and enjoy. Check market twice a day.
- Don't respond to FUD posts. You are wasting your time.
- Read whitepaper, site, follow investors, founders on twitter. Add them to your private twitter list and check the feeds once a day
- Only believe official sources of news and not reddit thread alone
- Don't panic and don't spread FUD, hate
- Help others and others will help you
- Look for investments, partnerships, and rumors too but dont believe the last one. Rumor can be true or false, so investigate and follow it.
- Invest in coins that has a business model, solves a problem, offers real product/service. Remember the 5 yr plan.
I hope I was of some help. I have learned a lot from reddit. Even the FUD posts helped me, these posts taught me to believe in my research, my decisions, and myself. There is something to learn from every bad experience, every bad person. You know what you to do, and more importantly, what you don't want to do, what you don't want to be like. Motto - Stay healthy, invest better. The should be the last hodl thread. Honestly, we don't need more :)
Before you read any of this I need to clarify that I'm not a Christian but there is truth in the Bible just like there is truth in almost all religions. You just have to know how to pluck it out from all the bullshit. This is also an expansion of my other post. https://www.reddit.com/conspiracy/comments/8tuwr1/what_do_these_2_very_obvious_signs_say_to_you/
Trump's "Space Force' is not just some dumb idea he has. I think it's foolish to believe that. When Trump repeats certain big ideas, they are never impulsive or his. Someone planted them in his head just the right way and he ends up believing he came up with it. Just like he claims he came up with all sorts of things that he indeed did not. That's the genius of getting people to believe everything Trumps says and to not believe anything the media says or anybody who speaks out against him. Now whoever is really in control of Puppet Trump can filter their ideas through him and everyone follows right along. The Reagan similarities are WAY too eerie to ignore and this space program is just one of many. There's also the fact that 25 scientists mysteriously died over an 8 year period who worked on that "Star Wars" program. https://en.wikipedia.org/wiki/GEC-Marconi_scientist_deaths_conspiracy_theory https://youtu.be/BDA3gGBzMKA
This woman named Carol Rosin claimed in 2001 (I think) that there would be an attempt to build weapons in space and a fake alien invasion would happen. https://youtu.be/Eix9mMrPPmE
If you look at the information in this link, you'll see how this plan supposedly is playing out. https://in5d.com/are-the-ruling-elite-about-to-play-the-last-card/
I think it's ALL apart of the plan. Carol's warning included. She's like controlled opposition. I think the alien/spiritual Ascension stuff is probably true but that information will be used against us. There is a "Great Awakening" happening and Q anon is attaching Trump to it to try and hijack it and lead people down the wrong path. I'm seeing all sorts of people do this that have good ideas but attach all of this to him. From Candace Owens, Kanye, Dave Rubin to an extent, people in these Ascension/spiritual communities. They all think that since Trump is tearing the whole thing down and people are becoming more aware of the world's evils, that means he must be good. It's a trick, pro wrestling.
The awakening is happening by itself. If Trump has anything to do with it, he's making people want to be the complete opposite of him. Trump is here to lead the awakening astray, like lambs to the slaughter. Either that, or he's going to get assassinated or taken out during the coming conflict and Obama will be put back into the presidency and he'll be the one to lead the lambs to the slaughter because of how safe everyone will feel now that Trump and his supporters are gone.
12 “The ten horns you saw are ten kings who have not yet received a kingdom, but who for one hour will receive authority as kings along with the beast. 13 They have one purpose and will give their power and authority to the beast. 14 They will wage war against the Lamb, but the Lamb will triumph over them because he is Lord of lords and King of kings—and with him will be his called, chosen and faithful followers.”
15 Then the angel said to me, “The waters you saw, where the prostitute sits, are peoples, multitudes, nations and languages. 16 The beast and the ten horns you saw will hate the prostitute. They will bring her to ruin and leave her naked; they will eat her flesh and burn her with fire. 17 For God has put it into their hearts to accomplish his purpose by agreeing to hand over to the beast their royal authority, until God’s words are fulfilled. 18 The woman you saw is the great city that rules over the kings of the earth.”
Verses 10 and 11 confuse the fuck out of me but I think I may have found something relating to verse 12. These 10 kings that do not yet have a kingdom and give their authority to kill the Whore of Babylon.
Ok so what does this have to do with these 10 kings without a kingdom? Well Carol is trying to get a treaty signed by NINE world leaders. Nine is in all caps in this link repeatedly. https://www.peaceinspace.com/index.php/en/ https://youtu.be/NWWRf02CgN4
Could this be the real "covenant of many" that the book of Daniel speaks about? The chapter in Revelations describes what looks like a deal being made with the beast and these 10 kings. They even show the symbol of the UN in the video and talk about getting it ratified through them to make law. Now I'm not sure if it's 10 kings + the Antichrist or its 9 + the Antichrist making it 10 total. But maybe someone else gets added after the initial 9.
So lets say aliens do come. What happens next? Take a look at this passage.
37 He will show no regard for the gods of his ancestors or for the one desired by women, nor will he regard any god, but will exalt himself above them all. 38 Instead of them, he will honor a god of fortresses; a god unknown to his ancestors he will honor with gold and silver, with precious stones and costly gifts. 39 He will attack the mightiest fortresses with the help of a foreign god and will greatly honor those who acknowledge him. He will make them rulers over many people and will distribute the land at a price.
I've been researching what it means by saying "he will honor a god of fortresses ("god of forces" in the KJV); a god unknown to his ancestors" and "He will attack the mightiest fortresses with the help of a foreign god ("strange god" in the KJV) and will greatly honor those who acknowledge him". One interpretation is it just means he will basically worship war and strength. Meaning he just loves to go to war. Which sounds like it makes a lot of sense. But where it doesn't hold up is the second part that says "with the help of a foreign/strange god". War certainly isn't foreign or strange. Yahweh loved war. And what exactly is a "foreign" or "strange" god? Especially after it says "He will show no regard for the gods of his ancestors or for the one desired by women, nor will he regard any god, but will exalt himself above them all". So I take that to mean that every god that the Earth has ever heard of, the Antichrist will exalt himself above them all. Well what gods are left when you've exalted yourself above them all and what kind of god would you even honor after you do that and think so highly of yourself? A god that is foreign apparently. But foreign/strange to what if all the gods known to the people of the Earth don't apply?
You can only conclude these strange gods are from outer space. They would certainly cause you to worship them. Especially if you're the chosen leader that they want to speak to. I've heard this theory as far back as my childhood. The point of the alien invasion is to get everyone to stop believing all of their current religions and follow whatever the aliens say. They'll come promising to help humanity but it will all be a ruse to get you to follow the Antichrist. This is the exact same thing the Ascension communities speak about, except they believe it's not a ruse. And they don't believe in the coming of an Antichrist or an "End Times". It's a new beginning, a paradigm shift to a higher consciousness. Apocalypse actually means "an uncovering"or a disclosure of knowledge or revelation.
Paul speaks about the possibility of a ruse being played on humanity here:
3 But I am afraid that just as Eve was deceived by the serpent’s cunning, your minds may somehow be led astray from your sincere and pure devotion to Christ. 4 For if someone comes to you and preaches a Jesus other than the Jesus we preached, or if you receive a different spirit from the Spirit you received, or a different gospel from the one you accepted, you put up with it easily enough.
For such people are false apostles, deceitful workers, masquerading as apostles of Christ. 14 And no wonder, for Satan himself masquerades as an angel of light. 15 It is not surprising, then, if his servants also masquerade as servants of righteousness.
Satan masquerades as an angle of light. The people of the Ascension communities claim to be light workers. These aliens, should they come, will no doubt present themselves as beings of light. These Ascension people speak about this a lot and some claim to be in contact with these beings. Even creating rival factions among themselves as to which side are the real good guys and who are the evil ones. It's kind of bizarre actually and hard to sift through all the bullshit to tell who is being deceived and who isn't. These people are obviously in contact with something. That's the conclusion I've come to from reading a bunch of stuff they've said. Take a shortcut and do some DMT if you want to contact some other worldly beings yourself. Now as to what the nature of the contacts is, good or bad? Hard to tell. There is a website https://ascensionglossary.com/index.php/Main_Page
that seems to have the most accurate and evil agenda-free information I can find but the woman who writes it seems pretty off to me. Everything she could be saying could be 100% true just to hook people so she can be used to promote a giant lie when the time comes.
What might be this giant lie? NESARA. This is a short passage from this link about how the Ascension community explains NESARA. https://goldenageofgaia.com/building-nova-earth-toward-a-world-that-works-for-everyone/nesara-or-the-abundance-program/15332-2/
The acronym NESARA stands for “National Economic Security and Reformation Act.” The Act was passed by the American Congress in the year 2000 and never proclaimed, for reasons we will touch upon shortly.
As a program, NESARA can be viewed from several perspectives.
As a spiritually-directed financial program, it traces back to the work of St.Germain and three other ascended masters. That work began in the Fifteenth Century and was designed to provide a new economic system for the world during the present time of transition.
NESARA is designed to erase poverty and all its attendant ills from Earth during a transitional period preceding Ascension so that the planet’s sovereign citizens can focus their attention on planetary transformation.
Here is what Wikipedia says about it. More relevant info in the link. https://en.wikipedia.org/wiki/NESARA
National Economic Security and Recovery Act (NESARA) was a set of proposed economic reforms suggested during the 1990s by Harvey Francis Barnard. Barnard claimed that the proposals, which included replacing the income tax with a national sales tax, abolishing compound interest on secured loans, and returning to a bimetallic currency, would result in 0% inflation and a more stable economy. The proposals were never introduced before Congress.
Harvey Francis Barnard, a Louisiana graduate in systems philosophy, and an engineering consultant and teacher, created the NESARA proposal during the late 1980s and early 1990s. He printed 1000 copies of his proposal, titled Draining the Swamp: Monetary and Fiscal Policy Reform (1996), and sent copies to members of Congress, believing it would pass quickly on its merits. Based on a theory that debt is the number one economic factor inhibiting the growth of the economy, and compound interest the number one "moral evil" and reason for debt, Barnard made several other attempts during the 1990s to draw political attention to the problems he saw in the US economy, and his suggested economic recovery proposal based on the root causes he determined. After these did not succeed, he decided in 2000 to release the proposal to the public domain and publish it on the internet. Barnard established the NESARA Institute in 2001, and published the 2nd edition of his book in 2005, retitling it Draining the Swamp: The NESARA Story – Monetary and Fiscal Policy Reform.
After Goodwin began commenting on NESARA, other internet-based conspiracy theorists latched onto it. One supporter, Sheldan Nidle, ties the imminent NESARA announcement into his years-old prophecy of an imminent large scale UFO visitation by benevolent aliens (occasionally on his website reports, but more prominently in his videos, seminars and public appearances). Jennifer Lee, who used to publish internet NESARA status reports almost daily on her now defunct site, discussed a host of other-worldly and "interdimensional" beings who are helping behind the scenes to get NESARA announced. Internet evangelist Sherry Shriner, who operates many websites, sees NESARA as linked to malevolent reptiloid aliens she feels have long controlled the U.S. Government.
Notice a familiar phrase in there? Draining the Swamp. The use of phrases and group chanting is a common way to open people up to brainwashing and to condition them. Trump even talks about how they (the people running his campaign) wanted him to use the phrase and he didn't like it but people responded to it so he started to love it ("I even started to say it like I actually meant it!"). Gee... Funny how that works with him. All it takes is the response of a crowd to get him to do what you want. Just plant an idea in his head, have him say it at a rally and watch him get hooked on the cheers like a drug. Just like him leading the birther movement was all because he was told to talk about the idea that Obama might not be born in the US and the crowd went nuts for it. From then on, he was hooked on the narcissistic supply he got from talking about it, setting himself up as the adversary to Obama years before he became president and psychologically attaching the pathological Obama haters (future Trump supporters) to him.
Think about how fucking outright frightening this is. We have a man, purely driven by the response from a select group of people, being influenced by who the fuck knows to push certain ideas and the response of this select group of people determine whether or not he continues pursuing the idea. This select group of people are, at the same time, being conditioned to ONLY trust this one man and are told that all other sources that speak against him are just lies to try to lead you astray from a promised Golden Age of America. This means that sooner or later, literally anything he says will get the response he needs to feed on and it will just be taken as fact no matter what that what he says goes. Q anon's common chant is "Where we go one, we go all!" I wonder where they're all going? Take a look at this list of brainwashing techniques and tell me a lot of this doesn't sound like exactly whats happened to Trump supporters. https://listverse.com/2016/04/29/top-10-brainwashing-and-mind-control-techniques/
So back to NESARA. What's so nefarious about NESARA?
16It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, 17 so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.
18 This calls for wisdom. Let the person who has insight calculate the number of the beast, for it is the number of a man. That number is 666.
Since NESARA is suppose to be a law that goes into effect all around the world, we can connect these two concepts together and it makes a lot of sense. Now what kind of mark would not allow you to buy and sell if you didn't have it that would be detrimental to your ability to join the Kingdom of Heaven? Since the Bible says whoever takes the mark burns forever in the abyss. Well after the Equifax hack, the White House has openly stated that they are looking for alternatives to Social Security Numbers because they are easily stolen and then you are just fucked. The White House and Equifax Agree: Social Security Numbers Should Go
- October 3, 2017 https://www.bloomberg.com/news/articles/2017-10-03/white-house-and-equifax-agree-social-security-numbers-should-go
So what's the solution? The common solution talked about is using blockchain technology like Bitcoin does. Commentary: How Blockchain Could Replace Social Security Numbers http://fortune.com/2018/01/11/blockchain-technology-social-security-number-cybersecurity-identity-theft/ Want to Ditch Social Security Numbers? Try Blockchain https://www.bloomberg.com/news/articles/2017-10-09/want-to-ditch-social-security-numbers-try-blockchain
And apparently, Estonia is well on it's way to incorporating blockchain into all areas of the country. Welcome to the Blockchain Nation The world’s most advanced digital nation is helping entrepreneurs unleash the potential of blockchain technology. https://medium.com/e-residency-blog/welcome-to-the-blockchain-nation-5d9b46c06fd4
Well the challenge with all this is identity theft. Where is the information stored on someone's person that can't be easily stolen or hacked? A card can be lost and a phone can be hacked. Well an Israeli company has been working on something pretty interesting. DNA Block Chain Project Boosts Research, Preserves Patient Anonymity
- 2014 https://www.coindesk.com/israels-dna-bits-moves-beyond-currency-with-genes-blockchain/ Genetic blockchain startup DNAtix releases its first blockchain-based open source DNA compression tool
- May 2018 https://techstartups.com/2018/05/10/genetic-blockchain-startup-dnatix-releases-first-blockchain-based-open-source-dna-compression-tool/
This is the companies official website. https://www.dnatix.com/
DNAtix has completed the first Proof Of Concept (POC) test by transferring the complete genome sequence of a virus over the Ethereum Blockchain. This test is a key milestone and the company believes that it is the first time that anyone has successfully transferred a DNA sequence over a blockchain.
Now, they say they are doing this for the purpose of sharing genetic information anonymously and maybe they are. But all things that start out for good purposes will get subverted for evil if it can be. So how does this relate to 666 and denying your ability to access the Kingdom of Heaven? Carbon has 6 protons, 6 electrons and 6 neutrons, 666. It's obviously the basis for all life on Earth. The number of humanity. One of foundational elements for the material world. Now what would cause a person to be stuck in the material world and not allow them to ascend to heaven? Genetic manipulation of the DNA would be something to consider I would think. It is my opinion that when NESARA is implemented, it will require a genetic marker (Mark of the Beast) to be implemented into people's DNA which will have all their financial information and most likely all their other information too. Blockchain Technology used to record 50 Million DNA data in India https://smartereum.com/8396/blockchain-technology-used-to-record-50-million-dna-data-in-india-blockchain-news-tue-jul-03/ A Piece of DNA Contained the Key to 1 Bitcoin and This Guy Cracked the Code https://motherboard.vice.com/en_us/article/7xe3dx/dna-storage-bitcoin-mystery-puzzle Carverr Wants to Embed Bitcoin Private Keys into Strands of DNA https://nulltx.com/carverr-wants-to-embed-bitcoin-private-keys-into-strands-of-dna/
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