/biz/ - Business & Finance

>>50658450
Monero is a decentralized, anonymous, private and censorship-resistant cryptocurrency. It is not an investment nor a ponzi. No moon faggots allowed.

>>29014485
>you can use the same seed for different wallets?
It's the same wallet, but you can restore it in different devices. My hot wallet is a Cake Wallet on my phone but I also open it on my desktop using Feather.
The only way you can use the "same" seed would be if you're actually extending it with your own custom words (only available on CLI during wallet creation). Then it will open something completely different -- make sure to never backup the passphrase and your wallet is completely safe unless you have memory loss.
looks like you got your shit in order. Everyone's case is different but I feel too many noobs out there don't understand the importance of having a solid backup and security plan.

>>29014503
Why is it not safe? Just need to have everything inside an encrypted partition on the persistent storage. If you're running Tails why this wouldn't be enough? Even if someone got possession of the USB it's virtually impossible to crack a VeraCrypt encrypted partition.

>>26162051
meant to attach this image

>>24687929

>>23525331
Also inb4 0xmonero fag comes in here trying to simultaneously steal your money and FUD the king of privacy coins. When he shows up, don't forget to remind him he doesn't have a dick.

>>22143048
I'm about to buy some kiwifarms merchandise with it.

These are the Rules. Any anons new to Monero should familiarize themselves.

>>20047446
"I think that the only effective defense against the coming surveillance dystopia is one where you take steps yourself to safeguard your privacy, because there's no incentive for self-restraint by the people that have the capacity to intercept everything. A historical analogy could be how people learned that they should wash their hands. That required the germ theory of disease to be established and then popularized, and for paranoia to be instilled about the spread of disease via invisible stuff on your hands that you can't see, just as you can't see mass interception. Once there was enough understanding, soap manufacturers produced products that people consumed to relieve their fear. It's necessary to instill fear in people so they understand the problem before they will create enough demand to solve the problem." -
"Creating an electronic currency is a big deal precisely because control over the medium of exchange is one of the three ingredients of a state." "If you take away the state's monopoly over the means of economic interaction, then you take away one of the three principal ingredients of a state. In the model of the state as a mafia, where the state is a protection racket, the state shakes people down for money in every possible way. Controlling currency flows is important for revenue-raising by the state, but it is also important for simply controlling what people do- incentivizing one thing, disincentivizing another thing, completely banning a certain activity, or an organization, or interactions between organizations." "Government regulation has made particular financial players kings and doesn't allow other market entrants. Economic freedom has been impinged by an elite group that is able to influence both regulation and the principles involved in these banks."

>>19933785
Rule #1, anon.

>>19934063
I agree with this anon, trying to guess prices is just that: guessing. Nobody knows what the future holds, but there's lots of good reasons to think it will be bright for technologies that offer people privacy in the face of increasing surveillance.

"I think that the only effective defense against the coming surveillance dystopia is one where you take steps yourself to safeguard your privacy, because there's no incentive for self-restraint by the people that have the capacity to intercept everything. A historical analogy could be how people learned that they should wash their hands. That required the germ theory of disease to be established and then popularized, and for paranoia to be instilled about the spread of disease via invisible stuff on your hands that you can't see, just as you can't see mass interception. Once there was enough understanding, soap manufacturers produced products that people consumed to relieve their fear. It's necessary to instill fear in people so they understand the problem before they will create enough demand to solve the problem." -
"Creating an electronic currency is a big deal precisely because control over the medium of exchange is one of the three ingredients of a state." "If you take away the state's monopoly over the means of economic interaction, then you take away one of the three principal ingredients of a state. In the model of the state as a mafia, where the state is a protection racket, the state shakes people down for money in every possible way. Controlling currency flows is important for revenue-raising by the state, but it is also important for simply controlling what people do- incentivizing one thing, disincentivizing another thing, completely banning a certain activity, or an organization, or interactions between organizations." "Government regulation has made particular financial players kings and doesn't allow other market entrants. Economic freedom has been impinged by an elite group that is able to influence both regulation and the principles involved in these banks."

New anons, familiarize yourself with the rules!

If you're a Monero enthusiast and would like to join our Telegram group to discuss XMR, feel free to join us at:
<https://t dot me/joinchat/RzBppVXb6p1_fS3jM47yqg/>

>>19843412
Speaking for myself, haircuts and car repairs.
XMR Enthusiasts believe in using it as a currency.

https://en.wikipedia.org/wiki/Cypherpunk
>A cypherpunk is any activist[1] advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change.

>>19837996
Monero is meant for actually using it, not for speculation (see rule #3 in pic related) which means that it won't pump that much, if at all. If you want pumps, you have to put your money on either Bitcoin, for long term gains, or on the shitcoin casino, for short term moon shots.

wikipedia.org/wiki/Cypherpunk
>A cypherpunk is any activist advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change.

"I think that the only effective defense against the coming surveillance dystopia is one where you take steps yourself to safeguard your privacy, because there's no incentive for self-restraint by the people that have the capacity to intercept everything. A historical analogy could be how people learned that they should wash their hands. That required the germ theory of disease to be established and then popularized, and for paranoia to be instilled about the spread of disease via invisible stuff on your hands that you can't see, just as you can't see mass interception. Once there was enough understanding, soap manufacturers produced products that people consumed to relieve their fear. It's necessary to instill fear in people so they understand the problem before they will create enough demand to solve the problem."

"Creating an electronic currency is a big deal precisely because control over the medium of exchange is one of the three ingredients of a state. If you take away the state's monopoly over the means of economic interaction, then you take away one of the three principal ingredients of a state. In the model of the state as a mafia, where the state is a protection racket, the state shakes people down for money in every possible way. Controlling currency flows is important for revenue-raising by the state, but it is also important for simply controlling what people do- incentivizing one thing, disincentivizing another thing, completely banning a certain activity, or an organization, or interactions between organizations." "Government regulation has made particular financial players kings and doesn't allow other market entrants. Economic freedom has been impinged by an elite group that is able to influence both regulation and the principles involved in these banks.

>>19810932
Your coin is bad and you should feel bad

https://asia.nikkei.com/Spotlight/Comment/China-takes-battle-for-cryptocurrency-hegemony-to-new-stage
>At a meeting of the Chinese People's Political Consultative Conference, a political advisory body, at the Great Hall of the People in Beijing from May 21, 10 members proposed a plan to create a digital currency consisting of the Chinese yuan, Japanese yen, South Korean won and Hong Kong dollar.
https://finance.yahoo.com/news/digital-dollar-real-financial-inclusion-192508257.html
>On Thursday the House Financial Services Committee (FSC) Task Force on Financial Technology convened on Capitol Hill to discuss the possible role of a digital dollar in distributing COVID-19 relief payments. The watchdogs discussed FedAccounts, or cryptographic wallets held by the Federal Reserve, for commercial banking services. The National Science Foundation, an independent branch of the federal government, has given blockchain startup KRNC $225,000 to design cryptocurrency features for the U.S. dollar.

>>19771362

>>14895551
>Conversely, bitcoin is fairly bad for privacy but easily lends itself to easy store of value due to its transparency.

I would argue against that actually. Look at gold, the oldest store of value, its completely fungible (which is a core aspect of sound money), and yet still a massive store of value. Bitcoin, on the other hand is not fungible.

I believe were going to start moving away from wall street holding funds for us (like gold) and people are going to realize they need to hold the shit they own in their hands, and not on paper, or technically they don't own it. (like their keys) This has been a huge scam perpetuated by wall street and banks for years (technically its been happening since the inception of banks).

>>14844229
holy shit i love that pic

>>14763779
>>14763753
lol look at this statist cuck. Truth is it doesn't matter what you think because this shit is designed to be resilient from brainlets like you. No matter what you think, how much you scream and how much you hate monero, it will still be around and that's a BEAUTIFUL thing