TiPS (a.k.a. FedoraCoin) is a new state of the art cryptocoin based on the [Tips Fedora meme](http://knowyourmeme.com/memes/tips-fedora). Our objective is to become the tipping currency of the internet. More information is available in the [BitcoinTalk thread](https://bitcointalk.org/index.php?topic=380466.0).
What is Monero? Why is Monero? How is Monero? Everything you need to know in 5 minutes or less.
Monero is one of those coins that doesn't really seem very important or useful but once you understand it a bit better you start to appreciate the fact that it exists.
What is Monero?
Bytecoin, now an ancient name in the crypto community, was forked by an anonymous Bitcointalk forum user thankful_for_today and BitMonero was born in 2014. The very community that backed this fork at first, threw sticks and stones at thankful_for_today so he disappeared from the stage. 5 days later the community took over, renamed the coin to Monero (Esperanto for "Coin), and made quite a sensation out of it. In 2016 Monero was the most transacted cryptocurrency out there, mostly thanks to the Darknet markets and the privacy features of Monero, but since the regulatory crackdown of those same markets in 2017 didn't kill Monero we can safely assume that it doesn't only relate to criminal activity. In fact, it has a lot more to offer.
Why is Monero?
There is a distinct difference between privacy and anonymity. If you want to keep your transactions private, you don't want others to know where your money is going. On the other hand, if you want to keep them anonymous, you don't care if they know where the money is going as long as they don't know who is spending it. Bitcoin already offers anonymity and it may seem impossible to figure out who is behind that random string of numbers and letters but it's actually a lot easier than you think. If you use the same address for everyday payments long enough, by simply observing your spending habits all of us could know exactly where you live, what you like, how much you like it, and what you are willing to pay for it. So, if you had a gambling habit and I was a casino manager, I would probably send you some free money to try out our games but that is just the tip of the iceberg. What if someone has a personal grudge against you but is also a bit insane? At best, we will be annoyed by push notifications on our devices and at worst a lot of psychos will know where we live. Monero solves this problem by creating decoy transactions almost all the time. It uses an obfuscated public ledger that allows anyone to broadcast or send transactions, but outside observers can't tell the source, amount, or destination. The inner workings of Ring Signatures and Bulletproofs are a bit complex but in simple terms, for every transaction you create Monero creates a dozen fake ones meaning that no one can tell the difference, thus your privacy is guaranteed. Reciever addresses are protected as well with a "stealth address" so both sides of the trade are covered.
How is Monero?
Monero is secured by the proof of work consensus meaning that the coin is mined. To be exact, 1.26 XMR per block with a block time of 2 minutes. Recently there have been some concerns raised about the privacy features of Monero.
In August 2020, renowned blockchain auditing and security firm CipherTrace announced that they had developed the world’s first Monero tracing tool in collaboration with the United States Department of Homeland Security. The Monero dev team quickly responded to CipherTrace’s announcement, revealing that a new algorithm called ‘Triptych’ was in development, which promised to protect users against the reported detection methods.
It feels like there is a constant effort to shut down and delegitimize Monero by regulators. In December last year, the IRS offered a $625,000 bounty to anyone who can crack Monero’s privacy. This just goes to show how big of a deal Monero actually is and if you want a confirmation of that in practical terms, here is a simple example. If you don't want others to know your transaction history with Bitcoin you can simply convert that BTC to Monero, convert it back to Bitcoin, and send that Bitcoin to a new address. Even if someone linked the previous address to you, they will have no clue where that Bitcoin went. Monero is designed as a currency but it can also be used as a tool. Those that consider privacy to be a right can now use this tool to gain that right on their own terms. No one can say for sure if privacy coins will survive in the long run but for now, there seems to be a high demand for them. So how is Monero? Very untraceable. TLDR;
Monero is a privacy coin that helps you buy drugs on the internet but also protects you from crazy people and Facebook.
Some coins have optional privacy features but Monero's privacy is mandatory as it is built-in.
Corrections at bottom I'm a retarded GenXer who YOLO'd junior silver miner OTM call options in 2011 and lost a truckload of cash. But I kept my phyzz until a freak boating accident sunk it all. Oh well, this isn't financial advice, I'm a proven idiot, and nobody should listen to me. I've learned a lot about the silver markets charlatans since then. Mike Maloney is a forever pumper. Peter Schiff is a suit and shill. Doug Casey lives on a ranch in Argentina but has his head far up his ass. Since you retards love to lose it all, go listen to those guys. But there are some very serious voices in the precious metals market that have proven the fraud and manipulation and even come up with ways around it: Ted Butler (commodity analysis), Eric Sprott (creator of $PSLV), James Dines (legendary newsletter writer), and James Turk (creator of goldmoney.com). Silver is the biggest opportunity for profit that the general public could broadly participate in. If the price of silver goes up, the miners will see amplified gains. Juniors would explode into the alpha centuri (13,000% gains or more, easily). The reason we know this is because it's been tried before by people smarter than any of us (Hunt Brothers 1980, Buffet's 1997-2006 silver purchase, and 2010 mini-squeeze-beatdown). Even that lucky commie bastard Max Keiser tried to rally enough retards together to squeeze silver and "crash JPMorgan" before he got rich off bitcoin. {If you can't read, there is a video breakdown: search "youtube Is a WallStreetBets Silver Squeeze Possible" for a pretty good historical overview} The forces at play in the precious metals market are global, historical, and backed by the biggest banks, not some meaningless hedgefund. It's the real deal. American's money used to be backed in bi-metallic standard, all coinage had some precious metals (pre 1964 dimes, silver dollars/half dollars and paper currency all convertible to silver or gold). All real silverbugs ultimate goal is to return to a bi-metalic backed US currency. It's a big part of the precious metals folklore, and the fact that the last straw that sealed President Kennedy's fate was signing Executive Order 11110 which would have returned the US to a silver standard. This would have restored faith in our financial system, eliminate the scourge of inflation, balanced the value of labor versus financial assets, and allow regular workers to save instead of being forced to participate in a ridiculous casino just to have a retirement. Attention CNBC media whores reading this: who is the villain of this story? Blythe Masters. Check her out, she's actually pretty hot. {search: "Blythe Masters wants to upend finance again twitter bloomberg"} And she is a goddamn evil mastermind that created the Credit Default Swap (CDS). Yes, she created the financial weapon of mass destruction that sunk the global economy in 2008, she is first author on the paper. Then she went on to lead the JP Morgan precious metals trading desk to unwind Bear Sterns silver short book by containing any rally (that's how I lost all my money). Now she is working on blockchain technology that can be used by the banking cartels as a weapon to further enslave the entire world. And, yes, you degenerates, she has a sexy British accent and a killer set of legs. {search "egonzehnder blythe masters shares career advice daughters 2019"} Steven Cohen is a fucking worm to Blythe Masters. Any financial instrument like SLV would be manipulated easily by her and the ilk that inherited her positions at JPMorgan and other bullion banks. There is only 1 way to perform a real silver squeeze: physical ownership (not paper ownership like SLV, there is a big difference). The commodity futures markets is called the COMEX. The COMEX has about a 250 contracts trade for every 1 ounce of actual silver available for delivery. That means if a handful of commodity traders stand for delivery and the physical delivery can't be made it will crash the COMEX. Sure, they might be forced to settle for cash like the Hunt brothers, but it will crash the COMEX and the price will soar nonetheless. It's a real thing, people have done it, there is no stopping that it will happen again. And what happens historically is a giant leap for junior miners: Copper Lake in 1980 jumped 13,000%. The average silver junior miner lept over 2,300%). It was soo easy to make money, even an ape could do it. So, how do we avoid the manipulation?
$SLV is a scam! SLV's custodian is JP Morgan, the vampire squid sucking on the face of humanity! Don't fall for it. They can never be trusted. Most silverbugs don't even believe they have any silver or gold in their ETFs of any significant amounts, otherwise there would be outside audits which don't happen. Anybody suggesting to use SLV is a pumper, paid shill, or doesn't know the history. And yes, now that JPMorgan has paid almost a Billion dollar fine for manipulating the silver market, they are long silver or at least are holding it as custodian for other players. So if silver goes up will JPMorgan win...yeah maybe. But that's not the point, you'd win, I'd win, the people of the world win.
2. $PSLV is not an appropriate vehicle. PSLV is a closed end fund. Eric Sprott is not going to buy any more silver and issue any more shares. Premium to NAV went over 20% and he didn't do it. PSLV serves a purpose (tax savings), but they don't acquire on commodity exchanges unless a big player takes delivery. If you actually have enough money to take delivery 10,000 oz - then PSLV works. So what to really do: Buy PSLV or physical For the paranoid, you can create an account on goldmoney.com, put money into silver and it is owned by you, stored in Switzerland and registered in the Island of Jersey (for the most part outside of financial oligarchy control). You have to fill out a form on your taxes each year but buying/selling stonks have the same requirement, just a different form. Again, NOT financial advice - I'm a proven town idiot and hold no credentials no should you listen to me. Goldmoney.com was created by James Turk, exactly for this purpose. So people can own phyzz without having to hide a 1000lb safe in your wife's boyfriend's basement or sink your phyzz into a pond. And also he set it up outside of the US so if the US government seized physical (like 1934!), his customers would have some chance at taking physical delivery in Switzerland. I wholeheartedly believed that the crash of 2008 would lead to this eventual outcome if silver went really high and it almost did at $50, at $100 the champagne corks stop poppin. So then what went happened in 2011? Blythe Masters happened. JP Morgan and the other bullion banks beat down the precious metals market in a coordinated attack of naked short selling. Punishing beat downs, if you're into that kinda thing! The silver spike of 2010/11 happened because some silverbugs bought physical metals and there were shortages at the retail level, just like what has started today. In all honesty, there were probably 10,000 Silverbugs in existence at that time all acting as lone actors on a handful of forums. This time could be much different, if a lot of apes bought silver and the intermediaries held for delivery on the COMEX this could break the back of the silver cartel and Lord Rothschild would roll over in his grave. And silver junior miners would skyrocket! I love silver, what will I buy? 90-100% into some other form of physical ownership (coins/or goldmoney.com). $PSLV is also an acceptable vehicle but doesn't squeeze LBMA/COMEX supplies {search: "sprott physical silver trust December 2020 fact sheet"}. And 0-10% into long-dated calls or shares of junior minors. Some pumper was saying $AG (First Majestic). Sure maybe, or just use $SILJ a basket of silver juniors that would all explode and give you less single company risk to enjoy the rally. Get your popcorn. And those boomers, will they help buy silver? Don't count on it, but that's a different type of rant. TL;DR Buy either physical silver, $PSLV, orgoldmoney.comand also a little bit of silver miners to amplify gainz. Blythe Masters is a demon. Break the COMEX. Restore our heritage of sound money. Corrections: PSLV has registered to issue $1.5billion more shares. That’s a lot of shiny silver. See the link in the comments below. It’s looks like PSLV will be retails best bet to apply pressure on the physical market. And if bullion dealers become stocked out, and PSLV stands for delivery, this strategy would work.
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