/biz/ - Business & Finance

>>50715631

Why are literal dog memes cracking the Top 10 and returning 45 million % gains? Because the current crypto market is a HIGHLY irrational clownworld casino where absolute shit is considered valuable and vice versa.

So don't make the mistake of assuming that a higher market price is an indication of quality or staying power, without actual real-world utility and adoption such glory is ultimately fleeting.


But to answer your question: because Bitcoin had a 5 year head start and because the Monerofication of OSPEC-critical markets like the darknet & ransomware sectors has only just begun. Consider that just 18 months ago Monero-only markets didn't even exist and BTC enjoyed a 100% acceptance rate.

Now there are already 8 Monero-only markets with more announced and BTC's acceptance rate is down to just circa 50%. And in a couple of years it'll be completely dead in the only 100% crypto commercial sector in the world, good luck reconciling that with the "just keep stacking sats, bro, Bitcoin has no competition!" narrative.

Anyway, once the speculators finally see the writing on the wall and realize Monero is the next big thing in crypto, then we'll see some crazy shit.

>>50686951
>worthless shitcoin

Make sure to keep buying the ubercoin that is steadily losing real-world market share to a worthless shitcoin.

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized P2P privacy cryptocurrency!

Monero is secure, low-fee, and fungible, 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 ensure that Monero's blockchain is obfuscated -- In other words, 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 user willingly providing a view key.

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 transactions 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 June 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.

XMR Redpill: https://youtu.be/wq6w03E2DS4

XMR Stats: moneroj.net

USE Monero: https://cryptwerk.com/pay-with/xmr/

OFFICIAL WEBSITE - getmonero.org

WHERE TO GET MONERO?

>KYC:
Kraken
Binance
Bitfinex

>Non KYC:
LocalMonero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official Gui/Cli
My Monero
Exodus
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo