/biz/ - Business & Finance

>>26582287
the inflation bug only impacted exchanges who probably held their house accounts pooled like omnibus mutual funds. this inflation bug is pure fud. keep selling me your bags

>>25331032

>>25003364
beautiful

>>23828327
I may or may not suck fluffy pony's dick, you'll never know

>>23664178
Btc cannot reach 100k since its high fees. Link cannot reach 1k since sergey will take a massive shit. Eth cannot reach 5k since it is a tumor.

>>23562382
There will be less Monero than Bitcoin until the year 2040.
Wallet addresses can not be traced and nobody can prove how much Monero you own unless you show them a view key.
Monero can be used for anything Bitcoin is used for with xmr.to. Although many merchants do accept Monero, the most popular markets are going to be ones with usecase. The dark net is proof of that.
Bitcoin became valuable because of the Silk Road.
Monero has dynamic block size and dynamic fees to help with scaling long term. Monero blocks are every two minutes vs Bitcoin being every 10.
Monero's tail emission ensures miners will secure the baselayer in the long run.
Monero is a swiss bank of the future. Because nobody can connect your purchases with how much Monero you own, it will be a valuable way of "shielding" whatever crypto wealth you have. Once atomic swaps are develops (next year) this will create an extreme amount of demand for privacy. Would you feel comfortable knowing that anybody could snoop on your finances?
Monero is what noobs think Bitcoin is.

>>23446315
I have an unknown amount of Monero

We've hit our first activation block height, and we will hit the second one in less than 24 hours. At that point, CLSAG will be implemented.
*** IMPORTANT ***If you haven't yet, make sure to update your CLI and GUI to 17.1

>>23301066
My understanding is that you will have to show each crypto to crypto transaction and calculate the percentage gain or loss in value. If you do not have that proof it is possible you may run into a little auditing. My recommendation is to find a tax lawyer. They will know the every jewish trick (hire a jew unironically) and pay him off his share and you won't have to worry about anything. This is what I plan on doing.

>>23290408

>>22434407
XMR. I go literal years without thinking about it. I don't check the price, I don't read news, it's the comfiest hold imaginable. I don't even think of it as being mine, it belongs to some future me who's going to need it.

>>21716831

Yes, as long as you understand the long game. XMR will be increasingly maligned as a crime coin, and will eventually be banned everywhere. It's not comfy in spite of these facts--it's comfy *because* of them. TPTB attack it because it works. They'll be buying some in secret even as they publicly trash it.

>>20227341
http://archive.is/liBEq
forgot to include a link to plebbit that announced it
>>20227602
Yeah I don't see why not. Lightning network is having trouble with adoption as of this point, and it's unclear if it is the solution to scaling because of issues with nodes and privacy.
But if LN does become popular, xmr.to will be a valuable tool for it. Because now anyone who holds monero can make use of the lightning network without even holding Bitcoin, and in doing so keep their transactions complete hidden. It's a pretty brilliant solution that means if Lightning network succeeds, Monero's value goes up, and if it doesn't we will still get adoption from people using the lightning network and wanting their transactions to be private. Very comfy news.

>>20147881

>>20121037
based

>>20091514
Great points.
Yeah you're right about Bitcoin Cash. We had more transactions than then for a 24 hour period in May for the first time ever, but I just checked and over the past couple weeks we have had more transactions than them in a 24 hour period several times. Great to see.
> I truly see no point in the hype for holding these assets. they are tokens on ETH. erc20s. not even technically a cryptocurrency and not even going to be accepted for payments anywhere.
Exactly. This is a criticism that should be applied to any of these projects. Why is there even a token involved?
>>20091639
speaking of this strategy, I think one usecase Monero will have is waashing any sort of profit made with shitcions, thereby preventing the feds from being able to trace your transactions and ask why you aren't paying your taxes (at least in America, you are technically supposed to pay taxes for every crypto to crypto exchange). There is also the "swiss bank" theory, where Monero will act as a haven where you can keep your profits and know that nobody can see how much value you have because of the obfuscated ledger.

>>19988243
Nope. However they are doing post-quantum research. I'm pretty confident that as we get closer to quantum computing, we will have ways of fighting against it.
See link: https://ccs.getmonero.org/proposals/research-post-quantum-monero.html
>>19988327
I've never used changenow, so I don't know. Morphtoken does work. I also recommend xmr.to if you want to send Monero but the recipient only has Bitcoin (the service auto swaps Monero for Bitcoin and send Bitcoin, thereby keeping you anon).

https://decrypt.co/31461/coinbase-wants-to-identify-bitcoin-users-for-dea-irs

The decoupling is nigh

>>19472778
lmfao all of this glownigger fud.
1. cryptonote and many of its forks are scams, monero is not. everything is self funded. no premine. no ico faggotry. no centralized foundation scam.
2. fluffy pony did no such thing.
3. monero has the third most devs
4. two mining pools where people can independently join and/or leave. it isn't like these are mining farms. Google Random X and asic resistance you fag.
5. Tail emission is not a bad thing. it provides an incentive to miners and it makes up for burned/lost coins. It is also extremely low and known/planned inflation, which is not inherently bad. There will be less Monero than Bitcoin until 2040, for example.
6. Monero is available on most exchanges you retard.
7 .Google whitehouse market. It is the fastest growing market place of 2020 that exclusively uses monero, and it's rise in transaction volume explains why Monero's daily transaction volume has also grown recently. 100k new users since the beginning of the year.
8. The bug, from early 2017, was something found in all cryptonote forks. It was found before any adversaries were aware and silently patched. Bugs happen. Bitcoin has had several bugs, Ethereum has had the Dao hack, etc. The community will adjust/fork and move on if anything were to happen. But that bug was also pre-ring ct which has added another protection against exploiting the txs (ring ct)
9. The GUI allows you do do basically everything that CLI can. Also it's not that complicated, you are just a retard.
10. There is no other privacy coin even close to Monero.
11. You can not trace monero transactions by knowing an ip address. You can't trace transactions because of ring sigs, ring ct, and stealth addresses. Knowing someone's IP is only possible if you are an adversary hosting a node and see an IP that made a tx on a specific block that is routing to you, but that is it. you still would not be able to tell which transaction in the blockchain is actually connected to the IP.

>>19464100