/biz/ - Business & Finance

>>49217270
>I’m worried about or if the team is printing more it’s unknown.
This is probably the most common point of FUD brought against Monero, and is caused by the complexity and nuance involved in understanding how supply audits work in cryptocurrencies.
Monero’s supply can be easily audited by anyone running a Monero node, but this process does rely on the soundness of the monerod software implementation and the validity of cryptography used in range-proofs. These range-proofs allow it to be mathematically proven that the inputs and outputs of each transaction add up to zero without revealing amounts, ensuring that the supply is sound and not inflated in any way. Every node on the network is validating these range-proofs in each transaction every time a transaction is first seen, and validating all historical range-proofs when initially syncing.
A manual audit is possible because coinbase transactions (those transactions that are mining rewards in each block including issuance + transaction fees) are intentionally transparent and amounts of these outputs are not obfuscated in any way. Monero users running a node can simply validate these totals on-demand, and all node owners are constantly verifying the amounts in transactions via range-proofs.
Unlike Bitcoin, however, Monero users cannot simply do “napkin math” and validate the supply by manually adding up UTXO amounts, as transactions are never known-spent by the network, only by the parties involved in each specific transaction. This does force some added reliance on code/cryptography over Bitcoin, but as-of-yet I know of no one validating the Bitcoin supply this way. It does remain a valuable advantage of a transparent cryptocurrency, though it comes at the cost of the transactional privacy of every user in the system.

Excellent and nuanced blog post on auditability in cryptocurrencies:
https://web.getmonero.org/2020/01/17/auditability.html

[from sethforprivacy.com]

>>30063619
I’m not sure that slogan makes sense with hedera
Don’t care though HASHCHADS RISE UP

>>22425762
>>22425771
Good luck with your 27c stable coin. XRP faggots.

th-the twin towers

>>8032962

destroy these fucking walls

sell eth, acquire nuls

>>3427974
Watch your btc crumble away.

>>3373704

>he doesnt own wtc

>>2751782
>fake currency
>controlled by the black market

Neither of those things are true, objectively.

>Hackerz caused this mass sell off

I'm still in the green faggot and I paid for two vacations a dope ass desktop and have been eating like a king. This all happened in less than 4 months. I hope this dip lasts until the end of summer or even longer. Please lord please delay blockchain technology for another 2 years so I can accumulate more of these things.

Not even a month ago people were posting here about how upset they were that they missed the gay rocket to the faggot moon. Literally crying about the market being as legit as the fucking NYSE and pretending to know what the fuck was happening.

Nobody knows what just happened but I know that this is just an insanely quick and huge correction for the insanely quick and huge bull run we had. The crypto bros need to get their act together. The only reason the market is down is because everyone has been panic selling for fucking weeks now. If we treated it like a legitimate entity, these things wouldn't happen.

How many of you have made a BTC/ETH/LTC transaction for services rendered with a real human being that you know since you first started buying this shit? That's the problem. We aren't even playing with our new toy. The bitcoin world is just some fat old sperg collecting star wars figures and keeping them in the box to sell later.

Get a grip and stop trying to day trade while you're swimming down a waterfall. Find a few coins that you know and trust and hold them for the next month.

Sometimes I miss the old /biz/

>>2050126
>>2050126
Saw that. No price updates yet on anything pulling straight from poli. Pretty fucking gay