/biz/ - Business & Finance

>>57698516
>are these new ETH privacy chains going to replace monero?

lol no. Unlike them shits, Monero has default privacy at the protocol layer, which puts it miles ahead in terms of reliability.

And then there's also the matter of ETH being PoS.

>>57030369
>A DIGITAL CURRENCY IS A FINANCIAL PRODUCT

lol its a medium of exchange, actually. There for everybody to use.

>>56556591
>Invest in Crime-coin!

Crypto isn't supposed to be an investment, moron. The fact that you retards insist on treating it as such is a testament to your lack of financial literacy.

>Jesus Christ you morons.

Don't Buy Monero

>>55547084
>BTC will soon hit $100K

lol as if. BTC only keeps bleeding real-world economic relevance while public sentiment on crypto only keeps getting more and more negative thus the pool of available fools only keeps shrinking, the odds of another massive bullrun just keep getting worse and worse, the upcoming halvening notwithstanding.

Sorry, bucko, the only thing that gives crypto SUSTAINABLE value is permissionless economic activity e.g. the consistent sale/purchase of goods & services on the black market, free from State interference, something Monero will soon have a monopoly on.

>>55441070

Black markets are eternal.

>>55366815
>BTC globally used as a middle man currency

Its not though, hardly anybody is buying BTC these days to actually use it as currency *with no expectation of future profit*, most demand is overwhelmingly speculative which, as explained, puts you squarely in ponzi territory.

TL;DR: too many investors and not enough users = mathematically impossible for investors to profit = ponzi scheme.

Now look at Monero: as the online black market economy expands over time more and more of the demand for XMR will come from a consistently growing number of users who need XMR to buy shit, making it mathematically feasible for investors to cash out at a fat profit should they desire to.

>>55260130
>mass adoption by the retail class. and the institutional class

lol that goes for ALL of crypto, genius, govt-issued CBDCs will be made legal tender and given a monopoly on digital payments for obvious reasons.

Monero still survives and thrives under such a scenario, can't use CBDCs on the black market!

>>54884471
>Even if the spam is over (it won't be, they can pay the price for an NFT) the path of least resistance is just to stick with what works. Also considering XMR never really had serious fee issues, for ASAP there is no "going back to BTC" now, there is only "going back to BTC as long as it functions, then we'll fall back to XMR". They have demonstrated that the reliable fallback option is XMR, so why use BTC?

Also, going back to BTC when Monero-only is considered the gold standard for safety = bad optics. So yeah, it'll most likely be a case of "if it ain't broke, don't fix it" and they'll just permanently stick with XMR.

>>54775904
>Monero is down 60% since January

Notice how Bitfags obsess over price action instead of the consistent bleeding of real-world economic relevance.

Soon you won't be able to spend your BTC in the shadow economy.
And then the inevitable CBDC monopoly will mean you won't be able to spend your BTC in the mainstream economy or even cash out.

What exactly is the value of Bitcoin then?

Ok boys. Post the most obnoxious Monero propaganda meme posters you have. I'll start

>>54291897
>monero dealers that are as ubiquitous as weed dealers

Street dealers may well end up becoming XMR paper wallet sellers to offset the growing number of clients lost to DNMs.

>>54078969

>>53969305
>again depends on where. bitcoin is working towards having perfect privacy on l2. also l1 will be reduced long term probably to around 300KiB that seems to be the small consensus target and most of the blockspace will be available on sidechains.

As long as the chain you'll eventually settle back down to is transparent, no dice. You'll always be at risk of receiving coins that are even more tainted than the ones you started with.

TL;DR: anything involving a transparent blockchain = automatic NOT INTERESTED.

>>53856264I

The ONLY legit usecase for crypto is permissionless payments. Everything else is a solution in search of a problem.

Drug dealers accept cash.
Drug dealers accept Monero.
Drug dealers don't accept LN payments.

LN is second-rate cash.

>>53627053

Chicken and egg problem, rustle up enough players and make it a nightly thing.

>>53516911
>>53517020

Any "use" in mainstream markets is permissioned and can that permission be rescinded at Uncle Sam's fancy.

Hence why establishing and maintaining a foothold in the shadow economy is critical - its permissionless and black markets are eternal.

>>53377374

Create a listing here: https://moneromarket.io/?category=services-for-xmr

>>53105192
>always send through at least 1 private wallet, one of which is unused

That's only true IF:

a) you have a sufficiently high threat profile (99% of users don't) AND
b) you're going to be depositing the received funds *directly* to a KYC exchange OVER and OVER again.

Otherwise, relax.


>If some clowns paid drug dealer addresses directly from the exchange, they can see it

There are no addresses visible anywhere on the Monero blockchain.

>>52853827

Yes, growth of real-world market relevance is very bearish while loss of real-world market relevance is bullish.

>>52825466
>also the thought that the government doesn't need monero is completely false, they need to pay glowies for blackops, they need to make international illegal deals, glowies might need it as much or even more than the common man

Yeah, but that is cloak & dagger shit, not mainstream finance.