Monero Is Decoupling From All Markets, And That’s a Good Thing
If you’ve been watching the crypto markets lately, you've probably noticed something odd and amazing happening with Monero (XMR), that is if you care anything at all about your financial privacy. While most of the market has been either chopping sideways or dipping into the red in a year-to-date comparison, Monero has been quietly doing its own thing, and by that, I mean taking moon shots away from the rest of the market.
Just check out this chart I’m sharing. I was playing around with some of the premium features on TradingView and made this comparison chart. You can see how Bitcoin, Litecoin, Dogecoin, and even our beloved Hive are either struggling to stay flat or down significantly year-to-date. Meanwhile, Monero is up over 74%. It's not just outperforming other cryptos including BTC, it's also beating gold, and the S&P500! That’s not just decoupling. That’s a full-on flex move by true cypherpunks, no Wall Street or governments needed.
Why Is Monero Taking Off?
Now here’s the kicker that most people just can't seem to understand... Monero is doing all of this while being actively delisted from most major exchanges and being banded in the EU! Why? Because it works too damn well! Monero offers real financial privacy, and that scares the ever loving shit out of governments and centralized regulators. Unlike Bitcoin, which can be traced pretty easily through tools from companies like Chainalysis, Monero is built from the ground up to be untraceable. And it's not just marketing fluff, it's the truth. The IRS literally offered a bounty in 2018 for anyone who could break Monero’s privacy. Nobody’s cracked it yet.
FCMP++ is Coming
And just when you think it couldn't get more private, Monero is about to be leveling up in a big way. With the new FCMP++ (Full Chain Membership Proof++) update, it’s going to become even harder to track, or more like damn near impossible. This update improves ring signatures to make it even more unclear which input in a transaction is the real one. It's like hiding a needle in a stack of all the identical needles. It takes the 1 of 16 ring signature to a 1 in EVERY TRANSACTION! I mean, Good luck, IRS, haha!
Real-World Usage Where Privacy Actually Matters
Here’s the part that really says everything you need to know about Monero: it’s actually used. And I’m not just talking about speculative trading or holding on exchanges. I mean real peer-to-peer commerce. It’s the go-to currency on the dark web, and whether you like or hate that fact, it speaks volumes about its privacy. If you’re trying to avoid surveillance or censorship, Monero is the tool of choice.
But it’s not just happening in hidden corners of the internet anymore. There’s a whole Monero circular economy forming in the open. Marketplace sites similar to eBay, like XMRBazaar and Monero Market, are popping up for people to buy and sell goods directly using Monero. There’s even a business directory called Monerica that lists Monero-accepting merchants around the world. So Monero is like a private version of what Bitcoin should have been. Anyway, I can also buy gift cards for just about everything I need, including Visa prepaid cards I can use in my Apple Wallet at any real world merchant, all without giving my personal information!
There are DEXs like Bisq, BasicswapDEX, and Havano that are popping up that allow you to exchange XMR for various currencies including fiat in a true digital peer-to-peer way. This is the kind of stuff that scares them. They can't stop it, we can develop faster and better than they could even think about regulating.
Shifting My Commerce Focus
And this hits close to home for me. I’ve been trying to build something similar on Hive for a while now, 5 years actually. The dream was a real circular economy powered by crypto and supported by the community. But it just hasn’t caught on the way I hoped. The support for commerce on Hive, especially privacy-focused or peer-to-peer efforts, just isn’t where I need it to be.
So I’m shifting my focus. I still love Hive and what it stands for, but when it comes to building a truly usable, privacy-friendly commerce system, Monero is leading the pack. That’s where my energy is going now, and honestly, it feels like the right move. I am now even accepting Monero on the Hivelist Store for all digital items over BTC and LTC. I accept those too, but Monero sits higher on the list, haha, if it's not right now, because honestly I can't remember the exact order, but it will be later today...
Why I’ve Been Stacking Monero
All of this just reinforces why I’ve been so focused on mining, earning, and stacking Monero. I’ve talked about it many times before, but I don’t think people realize just how important financial privacy is until it’s gone. We’re heading into a world where everything is trackable, monitored, and controlled. And yet here’s Monero, the digital equivalent of cash, quietly gaining strength while the rest of the market gets slapped around. With governments across the world beginning to compete for BTC for their strategic reserves, I fear that transparent coins like BTC, LTC, and others could be targeted for confiscation if they are able to tie your wallet to your real world ID through being stupid and using KYC exchanges.
My Portfolio Couldn't Be Happier
My portfolio is loving it though. And I’m feeling pretty validated for putting in the work to build out a mining setup that earns me Monero every single day, as well as sending all my other mining rewards and much of my Hive rewards into XMR. This isn’t about trying to get rich quick, or proving my social worth, it’s about owning and using a form of money that actually protects you, not just pumps your bags.
So yeah, while Monero might not make the headlines like some of the others in ways other than governments banning it, exchanges delisting it, etc, it’s leading in one of the most important battles of our time, the right to privacy in our financial transactions. And from where I’m sitting, it’s winning. I mean, the charts don't lie...
Until next time...
Be cool, be real, and always abide with you my dudes!
Posted Using INLEO
https://www.reddit.com/r/CryptoCurrency/comments/1kmibp7/monero_is_decoupling_from_all_markets_and_thats_a/
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Notice that too did you?
It's because it's been suppressed by constant delistings and a lack of liquidity/connection.
I bought some for the first time some months ago when it dipped to $100.
XMR will go parabolic when it gets a DEX listing that can't be delisted.
I value the token just as high as BTC, which is crazy considering it needs to x100 to get get close.
The more they suppress it, the more people start paying attention and then want it. There are several DEXs built around it, they are still just kind of clunky and hard to use. I still do not understand why it's not listed on Thorchain or Maya. Drives me nuts, and nobody has ever been able to give me a good reason as to why not.
Considering XMR won't tell you the sender, receiver, or amount of crypto on the blockchain I assume the technical complexity of integrating that into a DEX is much higher than other networks. How do you even begin to stop a node from cheating someone if the cheat can't be proven on-chain? I'm surprised integration is even possible but apparently it is.
I would assume it would need to be something like Simpleswap that would have a specific address that would be expecting a certain amount or something. I don't know, I have my smart moments, but not that smart to know how or it would already be done, lol. I normally use the internal exchange in the Cake Wallet that uses various centralized and decentralized liquidity sources to swap from LTC or BTC. To go from Hive, I just use Simpleswap. But I am looking at things like Bisq which you have to download to your computer and it connects through TOR I believe. It's just not like what a traditional Uniswap like DEX or even centralized exchange looks like. It's more like what LocalBitcoins and LocalMonero were.
Two things that don't exist on XMR blocks :D
So basically it's a shared address that anyone can peek at.
Yeah I don't know enough about XMR clearly.
I just know that with simpleswap, it gives a subaddress for you to send XMR to if you are sending to it to exchange for something else and it processes it that way. There is a view key for every wallet that can be made public by the user, so they have it on their end. Like with the Hivelist store and the payment plugin I am using there, I have my wallet entered in the admin settings, and the view key so that the plugin can see if the transaction lands in the wallet, then it processes the payment. The View Key allows someone to see into the wallet but not do anything with it.
XMR is the ONLY coin that guarantees financial freedom. Nothing else.
I might get me some XMR, if only as a place to hide all this 'wealth' from the government if they come looking. I don't even want to try and navigate what they call cryptoassets... sounds like a right mess.
I'm a hive witness supporting the blockchain please consider voting for me! - Find out more here!
That's my main thing. I am getting what I can out of their reach. And apparently I am not the only one that is doing this, lol.