/biz/ - Business & Finance

>>30409846
>Fuck. What would I need for a make it or generational wealth stack?

Depends on what your needs are. Assuming Monero hits its oft-cited $40K projection by decade's end, your potential stack would be worth:

10 XMR = $400K

25 XMR = $1 million

50 XMR = $2 million

75 XMR = $3 million

100 XMR = $4 million

>>30167850
>This might be a cope, but do we see XMR dropping to the 150 range ever again?

Possible....BTC might crash again but XMR might have truly decoupled by now.

>>28889680
Monero you idiot

>>28848456
>I truly think that privacy coins will get the ax in this new administration.

Yeah? What does that entail exactly?

>>28519832
>I am personally planning to slowly putting 10% of my paycheck every month into Monero for the next 10 years. My goal is to have 1000 XMR before 2030.

Probably won't get to 1000 if the price keeps rising. But you really only need 100 to make it in the long run, hell, 50 XMR should eventually be sufficient.

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

previous thread: >>26367596

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 transactions being visible only by a Monero user willingly providing a view key for a specific transaction.

Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs increases. Further, the mining network algorithm RandomX 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 MoneroChad 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

>>26315238
>This is my biggest fear. What is stopping governments from blackmailing or killing the XMR lead developers?

There are 7 lead developers: 5 have chosen to remain anonymous while 2 have opted to make themselves known.

So the government could "get" only 2 and others would undoubtedly take their place and remain anonymous from there on out.

Monero devs are crypto and OPSEC experts, these people know how to stay hidden.

>>26158574
fucking finally, thanks anon

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

>>26031691
>it won't get picked up by institutions like bitcoin. There's just too much regulatory risk to them

Good thing Monero doesn't need institutional capital to thrive.

>>25835109
>It needs less volatility for that to happen, but you're right that it is probably inevitable. I wonder how many years out we are from that happening.

Its already started. As seen in an earlier post, money laundering via crypto is about to become the Next Big Thing and criminals are actually highly incentivized to use digital cash:

>The only thing tougher than smuggling drugs across borders is getting the profits back to cartels, officials say. Cash is heavy, and transporting it exposes traffickers to high risk. Putting it into banking systems geared to detect dirty money is perilous, too.

>In a sign of the lengths organized crime is going to avoid moving hard cash, U.S. officials have told Reuters that cartels are also turning to Chinese “money brokers” who use burner phones and Chinese banking apps to move funds.

>A drop in seizures of hard currency, from $741 million in 2011 to $234 million in 2018, suggests newer technologies including cryptocurrency laundering are gaining ground, according to a U.S. Drug Enforcement Agency (DEA) report published in January this year.

https://www.reuters.com/article/mexico-bitcoin-insight-idUSKBN28I1KD

So that the underworld is already adopting crypto is an established fact. The only question is which one will end up being the most used.

>>25800597