/biz/ - Business & Finance

>>18407851
my monero is a pretty lightweight wallet. The monero gui is also pretty cool. I've heard good things about cakewallet.
you can buy monero directly on kraken. Most exchanges have btc/xmr switches too. If you are really paranoid, you can use local monero.
>does it stay completely private wherever it's traded?
pretty much. Once you get Monero from an exchange, transfer it to your wallet. At that point, you are essentially anonymous.
This is for a few reasons:
1. Monero uses ring signatures. Meaning your transaction is mixed with 10 other dummy transactions. A person observing the block chain would have no way of telling which transaction is the real one.
2. Monero uses Ring CT, which makes the transaction amount unknown. (There's complex math behind this, but essentially it makes it so the amount of Monero you send is unknown to people observing the blockchain).
3. Monero uses stealth addresses. So instead of your public wallet address linking to your wallet, your public wallet address is mixed with the transaction, creating a one time address that only your private key can unlock. Because of this, it is impossible to know what somebodies wallet contains even if you have their public address.

>>18302725
It's not 'unlimited supply'. It's a fixed linear inflation that incentivizes miners with a block reward.
Monero has the lowest inflation of the top 30 coins in crypto, and will have the lowest inflation over the next two decades.

>>18251796
your point is moot because Monero has the lowest inflation for the next twenty years. Lower than Bitcoin. And because of that, there will be significant upward pressure on Monero's price during the next bull run. For the real ones who understand scarcity and value, this is major bullish signal.
And once the .6 block reward is reached, the yearly low inflation will preserve the mining network and will replace lost coins. The sub 1% inflation is negligible. Hell, it's literally less than Gold's inflaiton.

>18230309
Gotta stay safe from you coof-fags ;).
And yes, monero is the consensus privacy coin, so it is a pretty safe bet to rise in value over time. I believe that it will be used as a crypto swiss bank to hide gains due to how poweful its opaque chain is.