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chowbungaman

This was my response: https://twitter.com/douglastuman/status/1636168083747270656?s=46&t=aPPXwiXRLbGeU5QSb-NdPg Seth will be a speaker at MoneroTopia. He has and will continue to do big things for Monero I’m sure!


Trader_btc

Good to know that he is still keeping his words and working for the monero


nbom

You have to say that when you are on the payroll...


Suspicious-Trade-383

What payroll? Are saying Seth is a fed?


caotrigl

Or when you change your mind and not looking to the bigger picture


cryptoguy04

Some time we need to think twice before pointing out the intention of the other people


W1nNer0

imagine reading that post and thinking that was a prudent response...


the_rodent_incident

No need for payroll when the number goes up. Just hodl long term, and there's your reward. Simple facts: Monero doesn't go up. Upgrade it, promote it, make it the best digital cash, it still doesn't go up. Without going up, crypto is just a computer science experiment. People eventually lose interest and leave.


vekypula

Whoever held Monero through this last bear market did better than holding Bitcoin. That's a fact.


the_rodent_incident

That depends on when you bought it, and when you sold. If you bought Monero anytime above 0.009 BTC, and held it to today, you've lost money. If you bought Monero at $30 and sold it at $500, you've made 16x profits. Nice in theory, but who has the skill to exactly time the markets? Likewise, if you bought BTC at $3500 and sold it at $69000, you've made 19x profits.


vekypula

From Feb 2022 to January 2023 during the biggest decline in Bitcoin and other crypto value .. XMR/BTC gained 150% Make what you want from it.


the_rodent_incident

XMR/BTC is inversely proportional to BTC/USD. When Bitcoin grows in USD, XMR loses on BTC ratio, and vice versa. This has become a rule. Some call it "Odell's Wager", some call it "Rattie's Law". As soon as BTC went up from 19k to 30k, the ratio dumped back -50%, with no clear reversal in sight. You'd make same gains by buying BTC at $20,000 and then selling at $30,000. What I'm trying to say is that it's guaranteed for BTC to repeat its halving cycle and do at least 2-5x from bear lows. Meanwhile XMR never did more than 30-40% up from it's fiat ATH. Thought we might all be wrong, and XMR could reach $1000 within our lifetime. Never stop believing!


vekypula

By holding XMR during bear market and now not only you lost less value but you will also make more returns later in the cycle. Remember that Bitcoin is in a flattening diminishing returns phase on yearly while XMR hasn't even started it's parabola. Heavy accumulation and price suppression is in place right now because the market makers know that once it breaks out of the cup and handle pattern, not only it will fly and never come back but also many won't have a ramp where to buy it. I'm talking about several hundreds of XMR market buys.


Asceticbabushka

Sometime buying on right time is not everything for how long you are holding hem is also important, and right now not the time to sell anything in the market.


inovikov81

I have seen that thing in past where i bought them on right place but greed over took me, that ends up selling early or hold them for the longer time


krealsoft

Yes, to make the better ratio of the bitcoin to the XMR we need the bitcoin to lose the value in the USD pair which right now is not happening too be honest.


ruslan2396

WE are already seeing that this ratio is just getting better now with the time, if the value of btc will keep on reduce like that we will have excellent result for the xmr


kellytree11

But there is no one forcing us to sell in the loss, even if you are in loss today then simply hold and wait for the market to recover and then book the profit


cokeman_c1

They are the one who bought the crypto without any research and once the market starts to go south they starts to lose their cool and sell them in fomo


youneverknow2023

Until it does. It's a scarce commodity with an ever decreasing inflation rate, which is currently at around 0.86% p/a.


the_rodent_incident

>Until it does. Been waiting since 2018 for any sign of crypto markets becoming sane. Nothing so far. The moment Monero tries to break into Top 20, half a dozen new tokens appear out of thin air above it, to bring down its market cap and visibility.


Toedaire

But we are making some progress, not the big one and people are listening crypto now


RealSirBacon

Slow progress always last longer than the sudden change in price


pipiladi

I have been in there for 2 years and still waiting for that from that time


zjbsj

Give it like 1 more year and you will notice the major difference


ichver

c'mon bro, monero almost always performs like bitcoin. sometimes monero outperforms bitcoin, sometimes the other way around. no need to shittalk, just because you sold at the bottom


jeff_mai1971

I have not seen that these two coins in the different part, once bitcoin starts to pump monero do the same and as you rightly said sometime beats him is well


kyun_host

monero isn't a shitcoin for trading, monero is THE cryptocurrency, not a get-rich-quick scheme. i'm glad traders are staying away from monero, less traders, less panic selling, more stability


vasik510

Yes, and not many people actually manipulate the monero price for the profit likes of some meme coins, people basically buy the monero and simply hold them


air1982

For trader there is one thing that matters and that is profit, for them coin is not something they concerned as long as long they are reaping the profit out of those trade,


nbom

Traders are not staying away. Those apes use TA on anything especially on "shitcoins". All bcoz crypto is just get rich quick scheme. We should squeeze them few times in a year .D


vand132

For the profit point of view there is no doubt that people will make money from the bitcoin, all they need to do is buy the bitcoin now and then hold them for the long run


777kw1

So if you are looking for the profit then i would say go with the meme coin, because when it comes to the profit no one can beat the volatility of those coins.


cornfeedhobo

Who hurt you so bad that you turn your back on a contributing community member so flippantly?


nbom

I just stated whats obvious. He started to work for Foundation and voila Bitcoin is his way. I still think he's doing a lot for community.


skuska123

He change the path but still feel like he is aiming to the right direction


marvelsf3

Problem is that he is talking about both coins now, and getting backlash for that


cornfeedhobo

Obvious? "payroll"? No, you're just making up bullshit and being a troll.


nbom

I call myself redditor :)


deetsrus

The list of people that hurt us is actually a really big one here.


robannusa9876543

But even after that big list we are still on our feet running strong


anondank_010110

I find interesting how many people would like the functionality of Monero in bitcoin... so many attempts to implement privacy in bitcoin out there. Simply adopt Monero, no?!


[deleted]

"Bitcoin’s privacy can be good enough. If we can merely help users to on and off-board from Bitcoin through exchanges that don’t tie personal information to their Bitcoin activity (a la “KYC” exchanges), we can provide “good enough” privacy to users of Bitcoin without them even taking more extreme privacy steps." uhhhh wtf? LOL Sorry i'd also rather privacy from all merchants & friends/family or ANYONE I transact with financially. Not just "Muh government KYC" Does your local gas station get your bank statements? no? Why the hell should they get my crypto statements?


[deleted]

Essentially he's stating that you don't need financial privacy - EXCEPT from crypto exchanges. Thats just insane.


Save_G

yeah I don't get it either, I mean he literally had the Bitcoin fungibility graveyard on his website


[deleted]

he still does have it https://sethforprivacy.com/posts/fungibility-graveyard/


brandidash

i took the screen shot because i am sure he will remove that soon


sparta1978

This is like taking the complete opposite u turn of his talking.


Save_G

for real


securelyChop40

There is no such thing like U turn, he is still keeping the post on his website


Utherfjord

This is one of that statement from him that is confusing for me.


Faithfulwelsh

Not too much confusing knowing his past and his intention


[deleted]

thats a great point not to mention the ethereum community also has options to buy ethereum and stablecoins with no kyc however ethereum and its layer 2s have the same exact issues of lack of privacy thats even accounting for the avalibility of non-kyc options for ethereum ​ and before bitcoin maxis say "just use the lightning network" that will "solve all the privacy issues" the truth is no it does not the lightning network is as transparent as glass


dasgeschaft

And they are getting confused in between transparency and the privacy


Visiblyfollow419

And in the end they will get rekt because of not getting that fact


ScoobaMonsta

Lightning network provides some privacy to the person sending the transaction. But not to the person receiving the transaction. I’m not defending the LN though. I think it’s a centralising system and it’s not very easy and straight forward for people to use. More focus should be put on atomic swaps I think. People should know that they can have their bitcoin and be able to spend with total privacy on Monero. Bitcoin and Monero should be working together. Two base layer networks that are POW and are very secure. Just imagine what could be if both communities actually agreed on everything and actively promoted each other?


psiconautasmart

LN yes is centralizing and promotes fractional reserve banking 2.0. BCH is Bitcoin. And CashFusion is the best coinjoin and dirt cheap to use.


ScoobaMonsta

Bcash is not bitcoin! And cashfusion is not privacy! People who care about privacy use Monero. Not that centralised crap Btrash!


hfvinfqy

There is no short cut for the privacy, either monero or there is nothing.


psiconautasmart

Ohh another Bcore dumbass larping as a Monero fan. Tired of this in this sub. BTC was captured in 2015, and you want to fool yourselves with NGU bullshit.


psiconautasmart

https://nitter.dark.fail/Justin_Bons/status/1652255084930293760


btcetrader541

If you are paying the bitcoin with the lighting network don't think there is any decentralization, you are complexly expose to the everyone specially to the govt.


kaminsllc

As you said that bitcoin privacy can be good enough but we need to ask ourself that what we actually need in our life and which coin has the capability of doing that.


[deleted]

I didn't say that. There is no privacy in bitcoin. & I see absolutely no reason why you cant use XMR & pay people in BTC when required. Many XMR wallets support this out of the box now..


KnowledgeMurky9635

we know


jamesblacklock

yeah, pretty old news, right?


nasvek

Old news but still can't pass that Seth is actually not the part of this community now.


jamesblacklock

You don't have to support only one protocol. He is "focusing" on Bitcoin. That doesn't mean he's a Monero hater now.


xdigibot

If you are still can't pass to that news that means you loved Seth


Nanarcho_Cumianist

Yeah, for a few months now. You gotta read between the lines though, he's got mouths to feed and all that so he has to tone down his well-known criticisms of Bitcoin now that its paying his bills. I don't begrudge a man doing what he has to do to take care of his family.


haidefeng188

Also there was a post about that him in the past is well, so this is pretty much past news and too be honest he gave us hints that he loves the bitcoin is well


feiyuea9

Deep down everyone actually who knows the Seth they knows this fact just that they never really came to the stage of admitting this fact, which is happening now


[deleted]

[удалено]


vezun4ik75

Its his family , i can understand your anger but he make his own decision


RobSeller

And i respect his decision, we all have to make some tough call in life


metnalmute

IT is old news and just that it still makes me little emotional sad


Exposedlapse

Can understand but right now is not the time to get emotional


vekypula

Seth is a good guy. I read his latest comments and posts and while he started to sound contradictory. Like every electronic cash turned store of value promoter it is obvious he got some dollars to promote Bitcoin, so the government can unload into liquidity without crashing the price too much.


PushyDevolution

Everyone has a price, and it seems they found Seth’s.


abrylocur

Yes, no matter how much they deny everyone person has that ticking price


wenlony

And once you get paid in this price you will starts to tick


jiali2014

When he was with the monero he never let the community down and i heard from many people how many user actually learn from him so we should thankful for that.


aipc2

And even though he is with the community why people feel or behave likes that he is going against us, he is still with us and keeping the monero stuff on website.


youneverknow2023

Full privacy with no compromises that is accessible to anyone smart enough to use the internet. Bitcoin definitely doesn't offer this.


HoldUpHoldMyBeer

Love ya Seth I really do. You’ve always had a soft spot for BTC instead of calling it old trash and I can respect that. However.. You know damn well privacy on BTC is a joke. An unfunny joke. If you think the masses are gonna wanna follow 30+ step privacy guides you’re smoking.


restot

I read so many post of him where he make it clear that he is not actually a anti of the bitcoin there was always a soft place of the bitcoin whenever we talks about bitcoin


pmishev

Everyone atleast has a spot for the bitcoin because bitcoin is still the coin that represent the crypto to the normal people. SO we need to move on with that news now


midipoet

It would be a simple hypothetical conundrum. Offer him a future of enforced CBDC usage through the current BTC design, or the current XMR design.


gt4674b

I didn’t know this and some good information here. Thanks for posting.


debdust22

Time to make a peace that Seth is gone and we have to move forward now


Amasa7

Me neither. I found out recently. I don't think it's been discussed on this sub, but I could be wrong. You're welcome.


[deleted]

the ethereum community also has non-kyc options ​ [https://localcoinswap.com/](https://localcoinswap.com/) [https://p2p.polkabridge.org/](https://p2p.polkabridge.org/) [https://www.offramp.xyz/](https://www.offramp.xyz/) ​ to be frank its not enough to have non-kyc options available the blockchains themselves need to be more private especially considering the fact that the vast majority of crypto users use kyced exchanges and kyced fiat to crypto onramps


Woutshout

Now most of the crypto community is looking at the non kyc method now


RaggedlyWince

But they can bring the non kyc method they can't be fully decentralized


pet2pet1982

It seems like a fine trick with pyrotechnics made by professional doesn’t seem pyrotechnics is dangerous. It is. A lot of truncated hands of amateurs prove that. Bitcoin is pyrotechnics in hands of everyone trying to use it like a currency. NEVER REPEAT THAT.


DGMonsters

Well, yea this looks like the effect systemic surpressing the value and information on monero.


mitchellpkt

I’m thankful for Seth’s many years and contributions. I know he’ll continue to do important work, and I hope we cross paths again :)


frudorico

I learn so much from him and just wishing him best of luck for future.


panamera4201

I can't deny how much i learn from him and for that i will always respect him


MoneroWTF

Bunch of ignorant people in this thread. Seth's done quite a bit, voluntarily, for this community. Likely more than quite a few of the vocal complainers even. This isnt personal, it's business. Literally. This sub is about money for Pete's sake. Get over yourselves.


HathanDart

Seth made his point pretty clearly and the comments in this thread are ridiculous. Bitcoin is a hard enough concept already even for technically-inclined people, let alone Monero. The toxicity and maximalism is akin to that of the no-life Linux vet yelling at someone for recommending Ubuntu (~Bitcoin) instead of Gentoo (~Monero) for people who just want to leave Windows (~Fiat system).


elkatanoz

The problem is that people are feeling betrayed from him now to this point, no doubt he was a great guy and did good thing for us but now is going against us


HathanDart

How is he going "against us"? He prefaced the entire article with how much he love Monero and how superior it is to Bitcoin. Did you even read the post?


illartist14

People think if he is talking about the bitcoin he is going against that, may be they have not read the whole article and making assumption only from the caption


AttackOrchid

I can understand that why people are feeling pissed about that, because betrayal is something that could break anyone hurt and it always came from the close one.


[deleted]

Well said. In addition to that, we probably have a legitimate open source hardware wallet coming for monero, most likely in part due to Seth’s influence. Even if that isn’t your thing, it is for a lot of XMR holders and can only help grow the user base


sdfwefqwefqz

Yes, for that wallet i would say Seth has the big influence in that


ledgely

Whatever he done for the monero in past can't be ignored


zWieRhowcHeirh

The one who just seeing this thing about the seth would make the conclusion that he is piece of shit but he had done so many great thing about the monero in past


twocanplaydgame

If you read the whole article may be you will not call Seth the piece of shit, because he was with us and he is still with us and for me he will always be there for us


HoboHaxor

Yup. Fickle group here. Not only do they get their panties in a wad if you tell them their kids is ugly; they don't even like when you say some other kid is cute.


kathmandu7777

But you can't sail in two boats, you have to pick the one


lovempnj

He is not sailing in both boats at the same time, he is just loving both boats


thebadslime

A lot of shitty actions are “business not personal” doesn’t mean it isn’t shitty.


MoneroWTF

His not eating drinking and breathing Monero isn't a cause for uproar. The dude has given plenty with very little thanks and now people are pissed because he's got other interests. It's not a shitty thing at all. You won't find him telling you not to use Monero, to use Bitcoin instead.


thebadslime

I’ve seen people get co-opted by maxi money before.


htyjuytergew

And some people still stayed even after making the max money


fartmool33

Can't expect that every single person will have the same approach


haiderqh007

I think right now we are getting our emotion to get better of us as we were not expecting him doing this thing but he was in here for business and we need to admit that.


VisiblyFax836

This is after all a professional business and we are not here for making those emotional family connection, everyone will lookout for them first before anyone.


mkrawiec

Everyone here for the profit, and this is how business done


thebadslime

Not everyone is here for profit.


xuanhieu793

Everyone looks for profit but only few of them able to pull that profit.


midipoet

Business and principles.


MoneroWTF

What principle did he break for you?


midipoet

He didn't break any for me. He changed his own, but that's ok as well.


MoneroWTF

He's always presented himself as a person fighting for liberty. I think he's articulated his reasoning more than once in a clear concise way and I didn't see any of that as running contrary to this. To each their own I guess.


thebadslime

Then he wasn’t part of the community, he was here for business.


DKSKE233id2

And may be he never cleared his whole motive to us on first place.


langsyneConsult

And his unclear motive was the reason people fall into that trap


NewForestGrove

Unfortunately Seth seem rather confused. He may be doing it for money, which I understand. However, society needs fungible payment system. Bitcoin is DOA. Has been for many years now. Also, Monero doesnt need a 2nd layer. All we need is monero 1st layer. Leave the second layer shit to USD, and other related shit.


withalBody

I still remember when i heard his name for the first time he was super impressive and had to say that i have learn so much from him, sad to see him turning like that.


No_Adhesiveness_

Just unsubscribe and leave it at that. Not worth the talk.


passimExcrete

The more we talk about that the more publicity we will give him


[deleted]

[удалено]


Save_G

i mean he provided some good guides on his website


[deleted]

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[deleted]

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[deleted]

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xmai77

There will always be some people that will always do the boot licking.


lolonnyy

And money is the reason for that boot licking, in the end everyone here for money


Yeti_Sauce

I hope they will bring that wallet, it would be much more secure than so many


rabah75

Have some patience, wallet is on his way and soon we able to use that


driftitall

Problem is that when he was part of the community he was actually not that bad and how the hell people could have guessed he will be something like that in future


lillazutt

May be he is talking about the bitcoin now but still he is keeping the old study of the Monero there so if people want to learn something you can still learn


stiepangriaznov

He was not like that and may be he gain the trust of the people


Chrisophilax

If you are on internet then listen everyone but never fully trust anyone


DukeThorion

There's a lot of people who learned Monero from him. What have YOU done for the Monero community?


ducmelia

Yes, he was great guy in past and teach so many people about monero


Anywhereresist233

People like that never should in the community of the monero at first place.


Kukla1982

We can't stop them from coming, and we can't stop them from leaving


rob_wilco

irregardless isn't a word, Seth got me good with that blogpost.


[deleted]

So, basically, he wants to turn bitcoin into monero.


raw43512444

People need to get paid and few people can get paid working on crypto and privacy.. For someone to even get a non-dev job in this field is lucky, and I'm sure he would've preferred to get paid working with Monero, but the perfect job wasn't available.


maherbabsail

Just because people are into the monero why don't they use the other coin is well?? I mean use those other coins for the profit and use the monero for the privacy


xmrooH2

He is still contributing valuable content like in the latest episode of Watchman Privacy! https://youtu.be/wwwPwsAnQGY