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Has a competitor to XMR arrived? We can expect to see a steady stream of new privacy coin projects emerge, which signals that investors are placing increasing value on the privacy features of cryptocurrencies. This heightened awareness of privacy among investors presents a massive growth opportunity for XMR. In the meantime, I also wish the privacy coin Beam every success in its development.
If gambling were fair, casinos wouldn't be able to make a fortune. Yet, every gambler who walks into a casino is invariably highly confident in their own luck—otherwise, they wouldn't have stepped inside in the first place.
Very practical; the images are highly persuasive.
I saw an image circulating on X showing Israeli Prime Minister Benjamin Netanyahu’s iPhone with all its cameras covered by tape (I wasn’t sure if it was real at first, but it was later confirmed to be authentic). This indicates that he is well aware that iPhones are not secure.
I am very fortunate to frequently read these three books as well. They have had a profound impact on me, and I simply can't put them down. I just wish they were longer—much, much longer... 🤑
I believe that no matter how advanced current encryption technologies may be, they will all eventually be cracked and rendered obsolete. This is not merely a possibility; it is an inevitability. New, even more advanced encryption technologies will subsequently emerge. This is a necessary condition for human progress; there will never be an encryption technology that remains unbreakable forever. All encryption technologies will eventually be compromised by superior successors, and outdated technologies will inevitably be phased out. Without this cycle, humanity would make no progress at all. Therefore, I see no need for panic—nor would panic serve any purpose.
In my view, the encryption technology used for cryptocurrency is far superior to that protecting bank accounts, brokerage accounts, social media profiles, and online stores. If cryptocurrency systems were to be compromised, breaching those other platforms would be child's play by comparison. Just…
For deterrence to work, I have to let him know that I was the one who did it. That is the only way I can exert a deterrent effect on him. If he doesn't know I was behind it, then no matter how much Monero he loses, I won't be able to deter him.
But the question is: "How could I possibly let him know I did it? Have I lost my mind?" Hahahaha.
Even if the price of Monero were to skyrocket one day, the coin’s extreme privacy features mean no one can know exactly how much Monero another person holds. Someone might own just 5 Monero; yet, if I were to hire a top-tier hacker to steal them, the cost could run as high as 500 Monero. Even if I succeeded in stealing those 5 coins, the hacker would likely just laugh at me: "Hey, what is this fool doing? He spent 500 Monero just to steal 5!" Haha.
I’ll hire a team of world-class hackers to steal all the Monero belonging to that guy I dislike, leaving him to go back to living a penniless life. Haha! (∩_∩)
I believe that the privacy features of cryptocurrencies will increasingly be valued by investors, which will lead to the emergence of many new privacy-focused coins. Whether it ends up being Beam or some other coin that appears later, XMR will certainly face some formidable competitors.