/biz/ - Business & Finance

>be me
>decide to get an unknown amount of adult candies for my 40th birthday
>forget that i had left over change in my wallet
>logon to darkweb
>see i still have change from my 35th birthday
>change now valued at 100kg of heroin
>mfw

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized p2p privacy cryptocurrency!

Monero is secure, low-fee, and borderless, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT (hidden tx amounts) ensure that Monero's blockchain is obfuscated -- the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with the proof of the transactions being possible by a Monero user willingly providing a view key for a specific transaction if needed.

Monero has also improved upon the scaling downsides of the current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs goes higher. Further, the mining network algorithm Random X establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in May 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.

If you still have questions, feel free to ask and a Monero Chad will be with you shortly.


OFFICIAL WEBSITE - https://web.getmonero.org


WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

>Non KYC:
Local Monero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
https://archive.is/TWOah


HOW TO STORE MONERO?

>Desktop
Gui/Cli (recommended)
MyMonero
Exodus
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo
NOTE: MYMONERO FOR ANDROID IS A SCAM. DO NOT DOWNLOAD ON GOOGLE PLAY.

>Cold Storage
https://archive.is/DEfsP

I LOVE MONERO!

>>27008111
Trips of truth BOOOOOOOOOOOOOOOOOST BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOST BOOOOOOOOOOOOOOOOST IIIEEEEEEEEEEEEEEEEEEEEEEEEET

>>26461691
long term hold for diamond hands monerochads

>>26224269
>>26225826
>>26227640
incredibly bullish

>>26228715
GNH Bhutan faggot

>>2595832

Monero has a slight inflation rate designed to keep mining incentives stable yet still allow Monero coins to hold a strong value. With a long-term inflation rate at about 1%, which is similar to the rate of increase in gold, Monero incentivizes miners to join the network with solid reward.

This mild, predictable inflation makes for good economics and puts Monero in a greater position than any other large-cap cryptocurrency to be a viable, long term replacement to fiat currencies. Stable inflation ensures demand for products and low interest rates (my money can buy more now than later) and protects against rapid deflation.

In turn, decentralization is strengthened across the network. The network remains healthy when it comes to speed and transaction verification. Monero’s adaptive block reward schedule, which guides the inflation rate, ensures consistent, automatic fee rewards so that mining participants are not discouraged with sudden changes in their profits. The emission curve for inflation adapts algorithmically on the fly for mining conditions.

Gettin deliciously close to 180.....

> Chinese CCP buying an unknown amount of XMR

Stock up on XMR lads, $1k coin for 2018 for sure

>>5004224
BTC is limited too, Anon

Onward!

Up we go lads!

2018 will be epic lads!