/biz/ - Business & Finance

>>50241051
That's some high quality weeaboo software.
>deep cryptography knowledge
>judicious use of Rust for safety critical parts of the code
>a [caravan]serai is a place traders would gather along a larger land route like the Silk Road
>username kayabaNerve is an anime/manga/LN reference (Sword Art Online)

>>49810832

>>49815414 (cont. 2/2)
If Monero made a lot of money to mine, people would set up mining farms for it; mining farms are bad because they're terrible for power demand and drive up the price of computer hardware we need to do other things.

Think, would you rather have a network made up of random autistic neckbeards who throw a 2,000 word tantrum if a dev moves a pixel the wrong way (plus maybe a few North Korean government guys with a private nuclear reactor who need the currency to stay private) or a network of NFT avi crypto staker guys who will immediately turn their rigs off if some shitcoin moons/rugs or if the government comes knocking?

Think, anon!

>>49490842
Fully synced and mining as of a few minutes ago.

>>49334661
>how is this going to work when btc goes up to compensate for smaller pools of energy being available?
Bitcoin's price is a function of two things:
1. People's confidence that Bitcoin will be useful/valuable in the future.
2. Difficulty in obtaining bitcoins.

#1 is why Bitcoin swings wildly in price; we're all just playing a guessing game on whether or not crypto will be useful or is just a galactic-scale scam. It's also why Monero swings less often: people know that it's already being used and won't change in usage and also that it'll probably stay niche. It's a surer thing with smaller returns. It'll probably exist in 10 years, but it also probably won't be anyone's reserve currency.

#2 is actually very stable. Bitcoin is designed to spit out the exact same amount of Bitcoin every 10 minutes. The algorithm that mints it adjusts difficulty in response to how many people are mining SPECIFICALLY so that the same amount is minted every 10 minutes. The only time it changes is at each halving, which is why each one is correlated to a single sharp jerk upwards in price and then stops mattering.

Why does this matter? Well, when energy crises do what they do and halving schedules do what they do, and mining is made prohibitive, #2 isn't going to be affected. The supply will still be constant, BTC will still be traded. What WILL be affected is #1, and it will be affected NEGATIVELY, as people become less and less convinced that a dwindling amount of miners can process a growing global transaction demand that already far outruns them even today, with plentiful mining AND nothing but speculative transactions.

For this reason, I anticipate a decrease in mining hash rate on the Bitcoin network to drive prices DOWN, not up. But that's just my guess.

>So XMR price appreciation would be because of demand for XMR
Purely based on demand, yes. Monero is designed to be anti-speculative: easy to mine but not lucrative. All demand is based on adoption and usage.

>>49226013
>If only one set of the inputs in a ring can be proven to equal the outputs, don't you know exactly which inputs were used?
No, because you need a view key to prove that. Without the key, there's no way of proving or disproving the validity of the transaction.

>>49226147
The one promised use case of crypto was peer-to-peer PayPal. This is literally the only currency in the world that does that. I'm not joking. Most of our transaction volume is people buying guns and drugs and making illegal wire transfers. Not a single other non-fiat digital currency can make this claim.

Go buy something with Monero right now, if you don't believe us. It's literally as easy as using PayPal. The wallet software is very easy to use and you can literally go spend your Monero in seconds on virtually any illegal product you want. Or play it safe and buy an Amazon gift card from CoinCards.com. Either way, it will literally be as easy as using PayPal. Not a single other crypto does this. Not even Bitcoin.

And, let's be honest, there's not really another actual use case for digital CURRENCIES aside from, you know, paying for things.