Bitcoin, please give privacy a chance!

POLONIEX:XMRBTC   Monero / Bitcoin
Goverments hate privacy and empowering the people and that is Moneros biggest problem on the market right now.

  • "Seven developers were initially involved in creating Monero — five of whom decided to remain anonymous. There have been rumors that XMR was also invented by Satoshi Nakamoto, the inventor of Bitcoin .
    XMR’s origins can be traced back to Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012. Two years later, a member of the Bitcointalk forum — only known as thankfulfortoday — forked BCN’s codebase, and Monero was born. They had suggested “controversial changes” to Bytecoin that others in the community disagreed with and decided to take matters into their own hands.
    It’s believed that hundreds of developers have contributed to XMR over the years."

"Monero and other privacy-oriented currencies have concerned regulators targeting illicit activities and money laundering. Exchanges in South Korea and Australia have delisted Monero and other privacy coins due to regulatory pressure. In September 2020, the IRS Criminal Investigation (IRS-CI) division offered up to $625,000 to contractors who can trace transactions or provide statistical probabilities that connect transaction data to specific users in Monero or Bitcoin's Lightning Network. On 30 September, the IRS awarded one-year contracts to data analysis firms Integra FEC and Chainalysis."

"How Many Monero (XMR) Coins Are There in Circulation?

Monero is slightly unusual as a token sale wasn’t held for XMR — and no tokens were premined either. At the time of writing, the circulating supply of XMR stands at 17,703,471.

This cryptocurrency is designed to be resistant to application-specific integrated circuits, which are commonly used for mining new Bitcoin . In theory, this means that it can be possible to mine XMR using everyday computing equipment.
Overall, there will eventually be a total of 18.4 million XMR in circulation — and this cap is expected to be reached on May 31, 2022. After this, miners will be incentivized using “tail emissions,” with a small amount of XMR being fed into the system every 60 seconds as a reward. It is believed this approach is more effective than relying on transaction fees."


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