/biz/ - Business & Finance

How's the monero family doing?
Monero had arguably it's most bullish week of the entire year. After pressuring the BTC ratio for a number of months, we finally broke through the 0.01BTC ceiling. While short lived, our correction has rebounded nicely and we are already back at 0.0097. Monero's adoption also continues to skyrocket, and this week we had our all time daily transaction high, as well as the all time high for a 7day moving average.
If you are a noobie, feel free to ask questions and a monero chad will help you out.

Sup lads. This is the Monero general, where cypherpunks discuss the world's only fungible cryptocurrency!
Recent news: CLSAG is coming next month, adoption continues to rise on the dark net (we are currently trending at the second highest transaction total in Monero's history), and the legal whitepaper supporting Monero was released.
Come in, get comfy.

Repeat after me anons: LONG LIVE WHITE HOUSE MARKET

>>20892953
Thread needs more Monero-Chan

>>20316353
wow, lots of demand on it,
it's gonna pump to 0.01 btc by august from an insider i know,
long on polo xmr/btc till then

This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. A cypherpunk is any activist advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change.

We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project.

Moonboy posting is discouraged, however price speculation and TA is fine.

Links:
Overview: https://web.getmonero.org/get-started/what-is-monero/
Daily Transaction Totals: https://bitinfocharts.com/comparison/monero-transactions.html
Mining Introduction: https://web.getmonero.org/get-started/mining/
Merchants that accept Monero: https://web.getmonero.org/community/merchants/
Crypto ATMs: https://coinatmradar.com/bitcoin-atm-near-me/

This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. A cypherpunk is any activist advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change.

We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project.

Moonboy posting is discouraged, however price speculation and TA is fine.

WHAT IS MONERO?
https://web.getmonero.org/resources/about/
https://www.youtube.com/watch?v=8quGD9W7B2I&vl=en [Embed] [Embed]
HOW TO STORE MONERO:
https://cakewallet.com/ < A simple, phone friendly wallet
https://www.getmonero.org/downloads/ < Full GUI wallet
WHERE TO GET MONERO?
https://localmonero.co/?language=en <(Always look for vendors with lots of good reviews)
https://coinatmradar.com/bitcoin-atm-near-me/ <Crypto ATM locations
https://kycnot.me/ <Exchanges and services with no KYC requirements
https://web.getmonero.org/get-started/mining/ <A brief introduction to PoW Mining.
https://moneroblocks.info/stats/transaction-stats < Monero Daily Transactions
If you're a Monero enthusiast and would like to join our Telegram group to discuss XMR, feel free to ask for an invite.

Sup Monero senpai, feeling comfy?
This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project.
Moonboy posting is discouraged, however price speculation and TA is fine.

Links:
Overview: https://web.getmonero.org/get-started/what-is-monero/
Daily Transaction Totals: https://bitinfocharts.com/comparison/monero-transactions.html
Mining Introduction: https://web.getmonero.org/get-started/mining/
Merchants that accept Monero: https://web.getmonero.org/community/merchants/
Crypto ATMs: https://coinatmradar.com/bitcoin-atm-near-me/

Sup Monero senpai, feeling comfy?
This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project.
Moonboy posting is discouraged, however price speculation and TA is fine.

Links:
Overview: https://web.getmonero.org/get-started/what-is-monero/
Daily Transaction Totals: https://bitinfocharts.com/comparison/monero-transactions.html
Mining Introduction: https://web.getmonero.org/get-started/mining/
Merchants that accept Monero: https://web.getmonero.org/community/merchants/
Crypto ATMs: https://coinatmradar.com/bitcoin-atm-near-me/

Sup Monero senpai, feeling comfy?
This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project.
Moonboy posting is discouraged, however price speculation and TA is fine.

Links:
Overview: https://web.getmonero.org/get-started/what-is-monero/
Daily Transaction Totals: https://bitinfocharts.com/comparison/monero-transactions.html
Mining Introduction: https://web.getmonero.org/get-started/mining/
Merchants that accept Monero: https://web.getmonero.org/community/merchants/
Crypto ATMs: https://coinatmradar.com/bitcoin-atm-near-me/

Sup Monero senpai, feeling comfy?
This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project.
Moonboy posting is discouraged, however price speculation and TA is fine.

Links:
Overview: https://web.getmonero.org/get-started/what-is-monero/
Daily Transaction Totals: https://bitinfocharts.com/comparison/monero-transactions.html
Mining Introduction: https://web.getmonero.org/get-started/mining/
Merchants that accept Monero: https://web.getmonero.org/community/merchants/
Crypto ATMs: https://coinatmradar.com/bitcoin-atm-near-me/

Feeling so comfy you want to get involved? We have a telegram now to discuss outreach and ways to improve adoption! Simply ask for an invite and we will get back to you.

Sup Monero senpai, feeling comfy?
This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project.
Moonboy posting is discouraged, however price speculation and TA is fine.

Links:
Overview: https://web.getmonero.org/get-started/what-is-monero/
Daily Transaction Totals: https://bitinfocharts.com/comparison/monero-transactions.html
Mining Introduction: https://web.getmonero.org/get-started/mining/
Merchants that accept Monero: https://web.getmonero.org/community/merchants/
Crypto ATMs: https://coinatmradar.com/bitcoin-atm-near-me/

Feeling so comfy you want to get involved? We have a telegram now to discuss outreach and ways to improve adoption! Simply ask for an invite and we will get back to you.

Sup lads. Who here is feeling comfy?
Later today the Fed meeting may cause some fireworks. With the stocks looking like the most obvious bubble an history -- especially with the amount of businesses closing, high unemployment, and the possibilities of a second wave emerging -- we shall see how the markets react to whatever Chairman Powell has to say. This may lead to some nice opportunities to fill up some bags.
If you are a newbie looking for some insight, feel free to ask your questions and a Monero anon will lead you down the right path.

Sup monero senpai, feeling comfy? Got any plans for the weekend?
It has been a slow news week for Monero but signs still point to long term growth. We have averaged 13k transactions each day this week, and we should finish in that range again tonight.
There is also a CSS research proposal for atomic swap research from one of the devs. If interested, you can donate (https://ccs.getmonero.org/proposals/h4sh3d-atomic-swap-research.html).).
And as always, if you are a newbie, feel free to ask basic questions and a Monero anon will help you out.

What's up Monero senpai? Feeling comfy?
News:
- We broke 14k transactions last night, and transactions continue to trend upward, meaning we may be close to reaching an all time high later today.
- Coinbase buys Tagomi, a cryptobrokerage that deals with cryptocurrencies...including Monero.
- New CLI and GUI wallet v0.16.0.0 has been released, which includes Dandelion ++ and faster sync times.

Sup Monero senpai. Feeling comfy? How does it feel knowing Monero is the most fungible cryptocurrency?
If you haven't yet, make sure to update your GUI and CLI wallets to v0.16 to get the innovative new Dandelion ++ update, which helps protect your node from being spotted by botnets.

Sup monero senpai. Feeling comfy?
Our daily transactions were close to 14k yesterday, continuing a very strong week of continued long term growth. In fact, I just read that we had more transactions yesterday than Bitcoin Cash. With continued dark net adoption, we should be pulling ahead of Litecoin and other Bitcoin derivatives within the year.
If you are a noob feel free to ask questions and we'll help you out. It's never too late to become familiar with the most fungible cryptocurrency.

Sup monero senpai. Feeling comfy?
News: The official CLI wallet has released version 0.16. Improvements include faster sync and Dandelion ++!. The GUI wallet should be releasing soon.

Hey monero senpai. What do you have planned for this weekend? Feeling comfy?

Monero News:
1. GUI/CLI v0.16.0.0 is coming soon! The wallet update will integrate Dandelion ++ into the wallets, which will improve privacy against IP tracing. Check out this article for a better overview: https://localmonero.co/knowledge/monero-dandelion
2. Another chain analysis company admits they can not track monero. They also claim that the Dark Net industry is booming yet Bitcoin usage is down 25%, leading them to believe that Monero usage is increasing: https://www.forbes.com/sites/colinharper/2020/05/19/bitcoin-dark-web-activity-up-340-since-2017-report/#6104b9461418

What's up monero senpai? How comfy are you feeling?
1. Today, the big news was an old bitcoin address moved some Bitcoins for the first time since 2009. An interesting story, but one that highlights one of Bitcoin's major transparency weakness. Something like this could never happen with Monero because of Monero's opaque ledger.
2. Another chain analysis company admitted they could not track Monero: (https://www.forbes.com/sites/colinharper/2020/05/19/bitcoin-dark-web-activity-up-340-since-2017-report/#6f9395301418))
3. Supercomputers in Europe were hacked to mine Monero (https://www.forbes.com/sites/colinharper/2020/05/19/bitcoin-dark-web-activity-up-340-since-2017-report/#6f9395301418))
4. Hackers currently ransoming an info dump on various celebrities requesting Monero (https://decrypt.co/29403/hackers-auction-data-madonna))

Sup monero senpai? How does it feel holding the most fungible cryptocurrency?
As an aside, it appears that this board has become infected with telegram pajeets shilling the latest McAfee scam, so I took a little look into the white paper and confirmed all my suspicions. Ghost is nothing more than a copy of Zcash (another irrelevant 'privacy' coin). It has optional privacy, rendering it completely useless. The ledger also appears to be transparent, meaning adversaries can just sit and view the blockchain as amounts are publicly viewable. To make matters even worse, 95% of the coins are owned by the top 100 wallet addresses.
If you are a newfag and don't realize you are being dumped on, but you are interested in privacy, come join the monero senpai and we will be happy to help you get started.

How's my Monero senpai doing today? Feeling comfy?

Some cool news: appears that some hackers have dirt on a bunch of celebrities and Trump. They are asking for a ransom of $42 million in Monero. Bullish: https://cointelegraph.com/news/ransomware-gang-demands-42m-or-it-releases-trumps-dirty-laundry

We also have had another strong weak in daily transactions. Long term growth in Monero usage is still provably happening.

>he doesn't have a position in the most fungible cryptocurrency

A thread for the most fungible cryptocurrency.
Another rough day for the BTC ratio, however there has been more Monero transactions in the past month than at any other month period in Monero's history, which proves that long term growth is continuing to happen despite the bear market.