/biz/ - Business & Finance

>>30406943
>I don't buy opaque magic bricks that only some chosen devs can look inside of. How did the dev get the information about the number of transactions?

Monero is open-source and is constantly being audited by for-profit 3rd parties, you're welcome to examine the code yourself.

https://github.com/monero-project/monero

>>30296790
>can we get back to the btc monero atomic swap?
>i mean we had this retarded conversation probably a hundred times. but is there truly something out that's working?

https://www.reddit.com/r/Monero/comments/ly62tk/let_there_be_swaps_public_xmrbtc_atomic_swap_demo/

>>30228171
>Do not endorse illegal use!

You realize we're on 4chan, right?

>>30137755
>God damn I need to buy more before atomic swaps happen and it gets too expensive
>Being a poorfag is suffering

There is still time. Even if AS dropped tomorrow its going to take a while to set up a functional swaps market, work out all the bugs and build liquidity.

>>30044734
>Where do i buy this jacket?

I believe its a Valentino design and costs $3K.

>>29758912
>and i rest my case

"Investigators were able to link transactions from the bitcoin address to Paxful exchange. Paxful provided the feds with information about the account associated with the bitcoin transactions in question."

>>29699261
>kk thank you. im hoping the feds arnt interested in a small amount of mushies. i mean what can i do lmao

They don't typically give a shit about recreational buyers so I wouldn't worry too much.

>>29381398
>Well yeah that’s my point. Gold is limited in quantity, even if we don’t know what that quantity is, and if 500 tons of gold were just dug out of the ground it would tank.

Right, and XMR's tail emission roughly matches gold's 2% annual inflation.

If we assume there will always be a percentage of the private keys being lost due to technical failures, human error, people dying and not arranging for access, etc., then any fixed rate of supply will reach an equilibrium where the rate of production (0.3/minute in Monero) is equal to the rate of loss which is PM (P=percentage lost keys per unit time, M=money supply). If we solve this equation for M we get M=0.3/Pminute which comes out to around 30 million XMR with P=0.5% per year.

We don't know P exactly, and P may not quite be constant over time, but this is a very reasonable model and it shows that Monero's money supply is not actually infinite in practice.

>>29248313
>yeah I know this but I mean like real website like whm not an article

WHM url: 7yipwxdv5cfdjfpjztiz7sv2jlzzjuepmxy4mtlvuaojejwhg3zhliqd.onion

alternative links: auzbdiguv5qtp37xoma3n4xfch62duxtdiu4cfrrwbxgckipd4aktxid.onion,
cieprrpdgp7moka2ktlwy54ooymtgsre23enrf4dfzssap74zz45f6id.onion

>>28801707
>Haircomb is private, it's untraceable, it's secure, fungible, and decentralized. Not only that, but it's quantum resistant, AND has a limited supply.

Talk is cheap, adoption speaks for itself.

Shit like this is why Monero is destined to rule the darknet.

>Feds Traced Bitcoin Transactions to a Drug Dealer's Apartment

"The Bitcoin addresses sent from the vendor to the investigators provided law enforcement with a potentially simple route to identification of Imperial Royalty. Special Agent Ellis, who previously investigated money laundering with the Secret Service, described an analysis of the Bitcoin transactions that ultimately led to Reid’s identification and subsequent arrest."

https://darknetlive.com/post/feds-traced-bitcoin-transactions-to-a-darkweb-dealer-s-home-address/

>>28675142
>not to mention xmr itself is getting obsoleted by privacy on ethereum in the same way, and second layers on btc/eth further erode any valid/plausibly deniable reason to use xmr

lolol you fail to appreciate just how comprehensive and complex Monero's privacy protocol is.

TL;DR: optional privacy bolted on top of a fundamentally transparent public ledger will will NEVER, EVER be as reliable and airtight as default full-spectrum privacy built from the ground up.

And if you're in any doubt about this just observe what the darknet crowd are using and recommending.

HINT: it aint ETH, nor BTC nor LTC nor anything other than XMR.

>>28602248
>taproot will bring signature aggregation and a bunch of other things that will increase privacy along with ln it could offer even more privacy than monero in time.

Never going to happen.

>Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos

"“I think what we’re going to see soon is Schnorr, Taproot, and Tapscript, which open the door to a lot of improvements,” Antonopoulos said, “But they still do not involve zero-knowledge proofs or the types of ring signatures and stealth addresses that are done in Monero. Bitcoin is not a privacy coin.”"

"The director of research at blockchain firm Blockstream Andrew Poelstra has referred to Taproot as a system which could possibly render any transaction mostly indistinguishable from one another on the BTC blockchain. However, he noted that “transaction amounts and the transaction graph are still exposed, which are much harder problems to address.”"

"Bitcoin can be better thought of as pseudonymous rather than fully anonymous, as many transactions on the BTC blockchain can still be traced even with these privacy improvements."

https://cointelegraph.com/news/bitcoin-will-never-be-truly-private-says-andreas-antonopoulos

>>28571980

>>28410246
>When smart contract?

Monero isn't trying to be a Swiss Army Knife.

Any anons have a screen cap of a /bizlit/ reading list? I’m going to buy a shit ton of books with my AAVE gains?
>my lil avuh stock doin some

>>27215760
>What's the privacy problems wiht MW? I thought it had some hard crypto behind it.

Its not the level of privacy you need when your freedom is on the line.

>>27172106
>I highly doubt it will reach anything above $200.

I still remember when they used to say BTC will never reach $100.

>>26338262
>But doesn't monero have a infinite supply of its coin? therefore it can never be very expensive.

Common misconception. You can verify the integrity of the supply by:

>Summing up all the coinbase outputs, which are unmasked (i.e. in the clear).
>Verifying the underlying cryptography (mathematics) of the confidential amounts implementation.
>Verifying the correctness of the implementation in the code.

Those essentially guarantee that the supply has not been maliciously inflated (i.e. unintended inflation has occurred). Note that a similar procedure has to be followed for transparent chains. Furthermore, a hypothetical inflation bug can go unnoticed even on a transparent chain.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

>>26317523
>https://coingeek.com/monero-is-traceable-using-new-ciphertrace-tool/ what's this then?

An attempt to rustle up some attention just as the IRS was about to award a $1.25 million contract to crack Monero.

Didn't work tho, they failed to impress the IRS with their bullshit claims and the contract was awarded to other bidders, haha.

>Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero
https://news.bitcoin.com/chainalysis-and-integra-win-1-25-million-irs-contract-to-break-monero/

>>26277140
>Also, adding all that to the current political climate, I'm pretty sure it's safe to say we are soon entering the point of accelerationism for all that to come true.

Yep, its often said that privacy will be crypto's next killer app.