/biz/ - Business & Finance

>>49554930
What is there to bite?
You said here:
>>49536503
>The only use for a cryptocurrency is still the only one Bitcoin debuted with: PayPal for illegal activities. Beyond that use, crypto is completely useless.
>Beyond that use, crypto is completely useless.
The only use for a cryptocurrency is PayPal for illegal activities, and beyond that it is completely useless.

Have you been informed that monero IS a cryptocurrency?

You're stating that monero's ONLY use is to be used as a currency for illegal activities.
You really can't imagine any other use for sound digital money?
Really?

Please be consistent.

>>30138101
>I'm kind of a idealist and I dislike that people would compromise the 10 confirmation cycle no matter how small the transaction.

It's not compromising it, the transaction will still do the 10 confirmations like any other, the difference is you can just send the consumer home instead of making them wait 30 minutes in line

>>29435578
RandomX is a Proof Of Work algorithm developed by Monero contributors and adopted by Monero from release 0.15.
This innovative POW is optimized for CPUs and it's based on execution of random code and other memory-heavy techniques. The goal is to discourage the use of specialized hardware (like ASICs) for mining Monero. RandomX was created with the intent of keeping mining decentralized and to create a more egalitarian distribution of the block rewards.
RandomX specifications and development can be found on the GitHub repository, while an article dedicated to RandomX made by the Outreach workgroup contains more information about the history of RandomX and its relation with Monero.
https://www.monerooutreach.org/stories/RandomX.html

>>28922578
Oh shit, this just convinced me to sell my btc for an unkown amount of xmr. Thanks!

bump

>>28842784
A common mistake energy detractors make is to naively extrapolate PoW’s energy consumption to the equivalent CO2 emissions. What matters is the type of energy source being used to generate electricity, as they are not homogeneous from a carbon footprint perspective. The academic efforts that get breathlessly reported in the press tend to assume either an energy mix which is invariant at the global or country level. Both Mora et al and Krause and Tolaymat generated flashy headlines for their calculations of PoW’s footprint, but rely on naive extrapolations of energy consumption to CO2 emissions.
Even though lots of bitcoin and monero are mined in China, it’s not appropriate to map China’s generic CO2 footprint to crypto mining. PoW seeks out otherwise-curtailed energy, like hydropower in Sichuan, which is relatively green. Any reliable estimate must take this into account.
Now, despite all the caveats listed above, it’s undeniable that PoW not only consumes a lot of energy but produces externalizations in the form of CO2 emissions. This is not under debate. What proponents of PoW are often confronted about is whether monero and bitcoin have a legitimate claim on any of society’s resources. This question relies on a kind of utilitarian logic about which industries should be entitled to consume energy. In practice, no one actually reasons like this. The PoW-energy supplicants are mum when it comes to the energy used to illuminate Christmas lights, to power the data centers behind Netflix or to distribute untold millions of single-serve meal kits. It’s clear that because PoW’s footprint is so easy to quantify — and an object of revulsion among the chattering classes — it is singled out for special treatment.

>>28650091
imagine disclosing your monero holdings. Hearty KEK

>>28605305
Wrapped XMR (kinda like what REN does) already exists
https://blog.btse.com/introducing-wrapped-monero/

>>27647147
we anticipate and look forward to this. It only further validates XMR as a private decentralized currency. That said, I see them allowing it to collect more metadata before any kind of ban.

Bump

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