/biz/ - Business & Finance

why is there no way to buy a 4chan pass with monero?
you can buy one with many other cryptocurrencies, but not the only bona fide private currency.

With taproot increasing privacy in Bitcoin, will it kill the use of monero?

Why would anyone use Monero if privacy can be achieved (even if inferior) directly on-chain?

Fundamentals do not matter.

They have never mattered.

They likely never will matter.

What the FUCK is his problem?

Long term hodler

I traded all my BTC for XMR back in 2018. I left some on Poloniex though (this is relevant later).

I have a wallet on my other machine that I haven't touched since 2019. Literally its just been sitting there. I fired it up yesterday and its fine, I see a balance of [unknown amount] but for the sake of ease lets call it 70 XMR. Daemon is version 14 so obviously I need to upgrade but I haven't ran the node in literally something like a year.

I decided to download and run the MyMonero desktop wallet. I did so and entered my restore mnemonic. It pulled up a balance of [unknown] but again lets just call it 30XMR.

>wut

Ok I'm thinking that this wallet isn't going back on the blockchain far enough, and this 30XMR might be the stuff I finally withdrew from Poloniex last year. (My personal accounting spreadsheet shows 100XMR total). MyMonero seems to want to charge a fee to go back longer than its default blockchain height though, so I said fuck that and downloaded the official GUI wallet.

I did so, set a block date of mid 2016, and let it do its thing (connecting to a remote node via VPN, and again using my restore mnemonic). This fucker shows a balance of zero.

Both MyMonero and the official GUI wallet are restore using my mnemonic. They show the correct wallet recieve addresses. Anyone got an idea what is going on? I am probably just going to fire up my old machine, install the new daemon/cli and sync up manually, but I want to understand what the hell is going on here first.

Thanks guys.

For all of its supposed benefits why hasn't this thing really mooned yet? Why is its mkt sitting around 5 billion?

100% serious, is this shit's price being suppressed? I'm hearing about bitfinex naked shorting it, all sorts of hijinks to explain its BTC ratio collapsing. etc etc etc

Whats going on?

After 3 years, I am done. I am fucking sick of holding this trash. I have held nothing but it since 2018. Effectively fucking myself.

What is the best platform, KYC free, to move it to and start trading for BTC/ETH?

I have 430 XMR I need to unload. I am fucking done. I can't explain why this shit won't move (I do believe it is the best technical coin out there) but here we are. If I had never traded all my BTC for it I would be a fucking multimillionaire now. Instead I have ~65k.

Unironically don't fucking buy monero unless you are going to flip it immediately for drugs. I see no serious financial future in this coin.

I am a true believer from late 2016.

But I have missed so many fucking gains stubbornly holding this shit that just.....doesn't.....fucking......move.

I know that on a technical level it is one of the best coins. And most used IRL.

But fuck, I have been hearing this cope for years now.

Welcome to XMR General, dedicated to the discussion of the world's leading privacy-coin!
Because Monero is secure, low-fee, and borderless, people can easily send money despite corrupt and broken governments or banks. This provides economic empowerment of individuals in oppressive countries or depressed economies.
Private financial history protects consumers and companies from price manipulation, supply chain exploitation, economic discrimination, or the like. Monero is the only cryptocurrency that has the features to serve as completely fungible, decentralized, electronic cash.

If you're new, feel free to ask any questions you like and a Monero Chad will be with you shortly.

WHAT IS MONERO?
https://web.getmonero.org/resources/about/

HOW TO STORE MONERO:
https://www.getmonero.org/downloads/ < Full GUI wallet, for your PC
https://cakewallet.com/ < A simple, phone friendly wallet


WHERE TO GET MONERO?
https://bisq.network/ <Trade Bitcoin for Monero completely anonymously over Tor, decentralized. Slow but completely private!
https://cakewallet.com/ <Trade Bitcoin for Monero through a centralized exchange built into the wallet!
https://localmonero.co/?language=en <(Always look for vendors with lots of good reviews)
https://kycnot.me/ <Exchanges and services with no KYC requirements
https://web.getmonero.org/get-started/mining/ <A brief introduction to PoW Mining.

STATS:
https://moneroblocks.info/stats/transaction-stats < Monero Daily Transactions

>>16808302
the market is very stupid right now. In no way is monero only worth a mere ~0.7% of bitcoin. massive correction coming soon methinks

>>9218242
Yes it does.
What a time to be alive

>>7708221
Buy an unknown amount of XMR

>>7554731
Sleeping giant. It really deserves to be in the top 5 at least.

>>6990843
monero unironically has the comfiest aesthetics

>>6864047
it's going to a tenth of a BTC by mid-spring.

>>6520004
>High speed, low fees, small spread, high liquidity
more importantly for currency is stability and fugibility

silently moons

>>5895033
cli is fucking comfy.
Setting up a RPC is a bit difficult, but rewarding, especially getting near instant online confirmations for customers with a QR.
Anyone who says Monero is wanting for something on a technical specification level is high as fuck.
Seventeen Hundred Transactions per second.

>tfw loaded up at fire sale prices earlier

who else here hodling?
https://shouldhaveusedmonero.xyz/

currently monero has the best fundamentals out there. definitely the best choice for 1+ year HODL imo

Should I be buying xmr now? Or will it drop lower yet? Have all these btc gains I want to put into it now. feel so liberated!

It's so fucking heavy. I can't hold on much longer.

Do ZBags weigh less?