If you haven’t been living beneath a stone for the last few months, then you have heard about Bitcoin too. It started as an internet trend, then it shocked the financial markets, and now even your grandma is buying it. The digital coin is no longer a hype, it became reality and is the first worldwide currency. Globalists love it and hope that soon we will all walk around with a chip in our arm doing fully automated payments. Dystopia is coming and you can be a part of it.
But as the crypto currency Bitcoin is embraced by the “normal” people now, hackers already moved on to the next step. Hackers use Monero. On the Darknet this is the payment method. An entire shadow economy has been created on there, using this specific crypto currency.
Why Monero instead of Bitcoin? There are multiple reasons for this. For one, Monero is anonymous, you won’t see the origin address the funds you receive came from. Where transfers at Bitcoin are transparent, and money transfers can be traced, with Monero they are not.
The second reason is that Monero can actually still be mined. The mining of Bitcoin stopped being profitable years ago. Only big companies or people owning many ASIC miners can still make some income with it, but normal users are no longer mining this coin. However, Monero is a so called CPU coin. The algorithm it uses is called Crytonight, and it is built to be mined with CPU’s (processors).
Where Bitcoin gave an advantage to GPU (graphic card) miners and later ASIC miners, Monero does not. The advantage these people have over CPU miners is minimal. For this reason it is popular among hackers, website owners, but also botnet controllers. Because the more CPU’s you have, the more Monero you will mine. And the Monero coins are, like Bitcoin, increasing in value. Infact, this is going a lot faster than with it’s bigger brother. At the moment we are writing this, the Monero coin is worth around 280 dollars. While a month ago it was worth 28 dollars. So it increased ten fold.
And the third big difference between Bitcoin and Monero is that the latter is not yet influenced by big investors manipulating the market. Due to the anonymous character of the coin it is hard to be used on the speculators market. Because, like we said, it is impossible to trace where transfers come from and where they go to. This doesn’t mean Monero is not being traded. If you believe this, then you have never been on the Darknet.
So what is our conclusion about it? Would we choose Bitcoin or Monero? If you are looking to invest your money and you want to make some real profit? Then go for Monero. If you are looking to use crypto currencies for your daily payments? Then Bitcoin is probably the right choice for you, as it is being accepted more and more by the big stores.
Source: The Internet