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@xenumonero
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The zcash spam attack continues. Almost every block contains a shielded transaction with hundreds of outputs. In doing so, the spammer can successfully blow up the size of the chain by maxing each 2mb block every 75 seconds. The cost of each spammed transaction? Less than a cent.
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The arrest of Rui-Sian Lin, alleged owner of dark net site Incognito Market, gives us a peek into the current efforts of law enforcement to catch criminals and how they are adapting to the growing use of Monero. [Thread]
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Monero is mentioned in a new Netflix Norwegian TV show. There is a ransom and they are demanding Monero.
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Breaking: The Monero CCS wallet was breached, with 2675.73 xmr stolen. This is not the general fund wallet, which currently contains ~8k xmr, but nonetheless substantial amount of donated Monero Lost. There is currently no explanation for this incident.
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The theft of 2675.73 XMR (~$460,000) from the Monero CCS fund is an enormous OPSEC failure from a community project that prides itself in risk management. To call it embarrassing is an understatement. [thread]
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Monero had more transactions than Doge yesterday. Don’t think that’s ever happened before.
#Monero
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Frontpage of r/darknet.
The only reason to buy Bitcoin for dark net market users is to swap to Monero, but now the recommended way is Litecoin due to its equally strong liquidity and low fees.
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Today, the federal government announced that the 2016 Bitfinex hackers were caught. $3.6 Billion worth of BTC seized. The court report released is a fascinating summary of poor opsec, and one of the most impressive endorsements of Monero's obfuscated blockchain to date. 1/
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Once Monero adopts full chain membership proofs, all 'privacy coins' will be left so far in the dust that it is completely over. It's already the case but this is the coup de grâce.
Monero has the network effect for privacy because of its dnm adoption. Simple as.
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An open boycott against proton mail is the only solution to this. They are at best ignorant, and at worst compromised.
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ASAP Market, one of the largest DNMs currently, has switched to XMR only. They join fellow large DNM Archetyp Market as leading the charge for broader XMR adoption. There is no current front runner for largest DNM but there is a frontrunner for most used cryptocurrency on there
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Let's start a campaign for Bitcoin maximalists to answer why Monero is being used more on dark net markets....these free market economies dependent on cryptocurrency.
I want answers from them.
Whenever I ask they don't respond.
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If Monero is a shitcoin, why is it mogging Bitcoin usage on dark net marketplaces? I.e. the oldest free market economies DEPENDENT on cryptocurrency. Why is that? Explain to me how a free market is using Monero instead of Bitcoin when they NEED p2p digital cash.
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The media blacklist of the word 'Monero' continues, this time substituting it with 'untraceable cryptocurrency'. Ironically, this helps XMR continue to organically grow. Smart money knows that Bitcoin's hopes of attaining privacy is over, and smart tech is now adopting it
#Monero
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A bug was found in XMR's GUI/CLI decoy selection, allowing chain analysis to guess a real spend with high probability if the spend is exactly 10 blocks old. While not severe (due to custom wallets with different decoy selection) it's recommended you updated to 18.2.2 today!
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Because Bitcoin Core didn't fight back, Bitcoin was lost. These "cypher punks" will never admit it. But that's the reality. Enjoy your collaborations with the banks you frauds.
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Atrocious journalism. Calling monero a zombie block chain is laughable. Monero is the cryptocurrency of choice on dark net markets, the largest p2p markets that depend on cryptocurrency.
In December, this crypto founding father resigned from his languishing privacy-centric blockchain. Now he’s trying to fix it from the outside, with the help of a Swiss-based non-profit.
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I would imagine kraken delisting in the US is right around the corner at the rate we are going. Please take the time to study how to acquire XMR. Many resources out there. The future is kyc only and therefore Monero will be needed.
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After several years of widespreade dark net adoption of XMR, the first alleged tracing has been announced by Finnish authorities. Not much information available, but looks to be related to exchange metadata and poisoned outputs. Conclusion: don't use kyc.
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@ApeDurden
Name me a single dark net market that uses zcash. Does that get my point across?
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Monero does not only have the network effect for privacy, but more importantly, it has the network effect for fungibility.
#xmr
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The reason zcash isn't used is because people do not trust it. Zooko destroyed their reputation by tweeting about locking up criminals using zcash. It was about as disastrous of a pr campaign as you could imagine. They never recovered and XMR continues to mog it in actual usage.
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If you look at the xmr/btc ratio, Monero is exactly where it should be. Out of 1000 crypto investors, who is buying crypto for the properties of digital cash? Not that many. Only 2 or 3 of them are interested in crypto to break governments. The majority want to get rich quick.
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The best way to make a privacy tool is to make it so stupid people don't know they are being private.
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Name me a single dnm that is built on lightning network. I can keep asking and you can keep ignoring me if you'd like.
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Monero will end the day over 50k transactions for the first time in history. Nice to see that coincide with the 8/13/2022 hard fork happening tomorrow.
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The Monero spam attack is no longer happening as of now. Transactions over a 24 hour period are now back down to regular levels, currently at 33,000 over a 24 hour period. .
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32500 xmr buy order on trade ogre right now. That's about .18% of Moneros supply.
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Spent an hour or so reading the Satoshi emails. Some really interesting things, though I'm surprised more people arent talking about this part.
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Stop saying that Monero is a "privacy coin". It is not -- it is a cryptocurrency. Yes it has privacy features, but so does any useful form of money.
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The bitcoin mining alliance is a Trojan horse for censoring transactions. Don’t worry, there will be an alternative to keep things decentralized.
#Monero
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It's genuinely unbelievable that Dash is STILL mentioned in articles about cryptocurrency privacy. How is this possible? Total incompetence. Their devs got on their knees and begged for forgiveness after the Bittrex delisting. "G-g-guys we aren't private, please relist". Sad.
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It's underestimated how Monero's stigma of being a "drug coin" has done a tremendous job of filtering out the lames.
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One incredibly overlooked thing about Monero's transactions during this bear market -- They are continuing to trend upward and has even reached an all time high.
Almost every other cryptocurrency, to my knowledge, has trended downwards over the past several months.
Use Monero.
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Here's a thought: A $22 million ransomware payment was made March 1 by United Health. It was paid in Bitcoin. On March 3, the funds began to move. Later that day, Monero began getting transaction spammed. Perhaps that BTC was swapped into XMR, and chain analysis pursued...
UnitedHealth CEO confirms in US oversight hearing that they paid a $22 million ransom to Black/ALPHV ransomware operation.
Our previous coverage from yesterday:
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XMR daily txs near record highs. Currently around 36k per day, and closing in on 11% of Bitcoin's total daily transactions for the month of June.
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We don't need more people interested in cryptocurtency. We need more people interested IN USING cryptocurrency.
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One thing to make clear is that this incident is highlighting how much of a liability Bitcoin's public ledger is, and also how all of these coinswap sites are being monitored by law enforcement. This timing analysis is certainly a way to trace crypto transactions.
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Sizable surge is Monero transactions, nearing 50k in the past 24 hours.
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Lol. Should have used Monero.
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Pirate chain has had 9 months watching the ZCash spam attack. They did nothing. Now they have been hit with it (though not to the level of ZCash yet) because they share Zec's code. Their solution? Wait until someone else figures out a solution. Avoid this scam at all costs.
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XMR transactions have spiked in the past several days. Looks like BTC holders fed up with fees are using XMR instead. Litecoin also way up.
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A market wide dump, and another Monero hash rate all time high. A good day to invest in a cryptocurrency that is actually used and supported, despite whatever valuation it currently stands.
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Archtyp Market, the largest dark net market currently, announced a valid pgp public key is now required and that 2fa is now on by default. Their current user base is nearly 420,000 and they are Monero only.
🚨Archetyp Market🚨 has announced a change and that their user count is almost 420k users.
#CTI
#Darknet
#DarkWeb
#DarkWebInformer
#Cybercrime
#Cybersecurity
#Archetyp
#infosec
BigBossChefofArchetyp has announced that from now on they will require a valid PGP Public Key from
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Major dark net supplier arrested. BTC sold through KYC exchanges were traced. XMR given a beauty of an endorsement: "Some of the money" indicates they have no clue how much XMR the supplier has. They actively sold on Alphabay 2 (which was Xmr only).
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MineXMR announces they are closing August 12. Their website recommends mining Monero on p2pool instead.
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The biggest mistake Bitcoin Cash made was not rebranding. They come off as a Chinese knock-off because of it. It's surprising to me that more people don't feel the same way.
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Over the past 365 days, and in the midst of the worst financial crisis to impact cryptocurrency in its history, Monero is up 99% relative to Bitcoin. It is clear that the steady demand that brings people to digital cash has helped Monero weather this storm.
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Wouldn't it be ironic if the reason he kept all that unencrypted data on his server was to extort people when he exit scammed, and by doing that it lead to his arrest?
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It's awfully poetic that in the midst of the Bitcoin ETF frenzy, the biggest news about Monero is how it will likely soon be delisted from the world's largest cryptocurrency exchange.
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Today is the one year anniversary of the Zcash spam attack. Because of Zcash's low fee structure, the attacker was able to increase the blockchain ~225gbs in size, while also causing an abundance of wallet sync issues. It cost him roughly $10 per day. The attack is ongoing.
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Unsurprisingly, Zcash is now spamming transactions to make it seem like "organic adoption" due to their recent upgrade. Wouldn't be surprised if this is now a talking point used in (paid) crypto media articles as well as their upcoming conference.
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Will the Monero Run be a success? It depends on how you look at it -- many of us have never held XMR on a CEX, nor do we care about NGU wankery. But it must be said that exposing CEXes with their pants down will bring awareness to the need for the development of p2p markets. 1/
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The lack of lightning network devs coming out to defend mr testnet speaks volumes.
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Shall we start a betting pool as to when the ongoing Zcash spam attack will stop bloating their blockchain? 🫃🫃🫃🫃🫃🫃🫃
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The good news for zcash? The spam attack finally stopped on Thanksgiving day. The bad news? It started up again Monday. The spammer must have ate himself into a food coma. There are still wallet sync issues and no new fee solution. 150gbs of spam in 5 months. It cost ~$1500.
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The takeover of Bitcoin is a broader issue. They took over crypto entirely. Are you paying attention?
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#Monero
is a swarm of cyber boobies serving the goddess of narcotics, feeding on the fire of boomer coins and defi ponzis, exponentially growing ever smarter, faster, and stronger behind a group of autists with literally nothing better to do than disrupt the status quo.
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Another xmr only dark net market has entered the chat -- Dark Matter Market.
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Fluffyponys arrest is a blatant shakedown. To coordinate an international extradition would cost thousands of dollars, and the alleged, ten year-old crime is only in the amounts of $100,000. The goal here is to besmirch the Monero brand and send a message.
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Two new Monero-only dark net markets have opened in the past week -- Mellow Market and just yesterday Darkmoon market.
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Binance has now disabled withdrawals for almost every cryptocurrency, several days after having Monero withdrawals suspended for the same "maintenance".
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Alphabay 2, the largest dnm that was XMR only, is dead. It had highly questionable origins, and featured an admin who boasted of "alphaguard", a technical feature supposedly protecting user funds in case of market failure. It sounded like bs before and it is now confirmed bs.
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Monero again subtly enters the news with the report of a nuclear engineer attempting to sell classified secrets in exchange for XMR. Some media outlets are referring to the payment as just "cryptocurrency" but many are saying the 'M' word. Are you paying attention?
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Hey all, check out the latest informative video about Monero I helped produce.
We're excited to announce the release of our latest video on Monero Nodes!
Discover how the crucial component of nodes secure the Monero network by verifying transactions and contributing to decentralization.
A big thank you to the CCS funder, the devs/community for their
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A bitcoin core developer has made the claim that 'XMR has always been compromised'. Hilarious.
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Monero's hashrate just broke 3.4 GHash/s. Prior all time high is 3.35...While I may be beating a dead horse here, it is interesting to note that this increase happens after Bitcoin temporarily dipped below 40k.
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Yes, this picture of Monero-chan was made with AI. The art fund may no longer be needed.
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P2Pool is now above 8% of the mining network share. Slow organic growth is the best kind.
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Another moon boy who doesn't see how powerful of a tool XMR is.
Why has monero displaced Bitcoin as the most used crypto on dark net markets despite this negative price trend?
I think some people really struggle with math.
They think because something is down 75% that it can’t go down much further - maybe another 25%?
But it’s mathematically programmed to drop 90%. Then 90% again. Then 90% again.
And even *at that point,* all of the Monero in the
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Wild. Dark net marketplace Archtyp announced a scavenger hunt at Defcon.
#Defcon
scavenger hunt.
Dread:
http://g66ol3eb5ujdckzqqfmjsbpdjufmjd5nsgdipvxmsh7rckzlhywlzlqd[.]onion/post/f9b92bc8cde5755b08b6
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@super_testnet
>calling bisq a dnm
Lmao.
Hey tough guy, regardless, do you want to bet on bisq adoption one year from now? Xmr vs lightning?
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The news of Atomic Swaps reaching main net is extraordinary. Now, we await the rush of innovation to bring a complimentary user experience to this incredible achievement.
#Monero
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You guys want global adoption and you can't even handle monkey jpegs.
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If you are looking for a white pill, check out the Bitcoin N Guns twitter space that
@MoneroTalk
uploaded. Freedom advocates that primarily hold Bitcoin are embracing XMR in greater numbers every day.
#Monero
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Shilling Bitcoin at a college graduation is probably the most absurdly cringe thing I've ever seen. I'd be embarrassed to graduate at that school. What the actual fuck lol
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@zcash_community
@ApeDurden
>the largest economy dependent on using cryptocurrency privately isn't a metric
LOL
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Sarang Noether has been working his ass off doing volunteer work for Monerotopia. Says a lot about his character. He was criticized unfairly for working on a different crypto, but the guy really cares.
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And here law enforcement uses timing analysis by observing swaps occurring from the BTC wallet on coin swap sites and then matching the converted amounts of XMR to deposits that later happen on KYC exchanges with Monero.
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And I expect this type of opsec blunder to be seen more and more, as it is clear that even if people understand that Monero is a powerful privacy tool they fail to understand that there are always ways to get information about someone, especially when it involves KYC data.
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The subtext of anybody saying "well...Monero won't ever get mainstream adoption because it is too private and Governments won't allow it" is GREED. These people want to be wealthy. They don't care about the Satoshi vision. They only care about gainz.
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