/biz/ - Business & Finance

monero also just killed all the FPGAs and ASICs unlike bitcoin which is centralized shit

>>11445072
Fuck, is it too late to mine? Have 10k gpus at.my.command to mine this badboy

>>11445072
id be all in if it wasnt for tail emission and nocapped supply. you cant refuse this issue anon.

nobody will ever park wealth in this. transact? sure, but it aint a store of value.

if some random kingpin wants to launder money he would be doing it p2p anyways, so why use monero?

>>11445083
wow major changes to protocol pushed through regularly sounds so decentralized
you guys are brainlets

>>11445096
No tail emission will be the death of Bitcoin. No one will mine a coin that doesn’t incentivize them too (tx fees aren’t enough money to incentivize miners). Monero is future proof. Bitcoin will die an early death if they keep the supply capped.

>>11445072
Fucking hell that's probably impressive, if its true.

>>11445100
Welcome to crypto newfag

>>11445119
oh wow you must have some evidence to back up these claims, you sound so sure of yourself

>>11445072
This shit doesn’t even have a proper wallet. Fuck off with the “Fat Pony” garbage. Buy BTC and shut up.

>>11445119
that will be an issue when we are all long dead so i dont give a fuck anon.

im talking next 3-10 years, which i doubt xmr will outperform corn.

>>11445157
Someone sounds scared.

how many xmr to make it

>>11445162
the halving curve is actually pretty significant in 18 years the block reward will be like .4 bitcoin or something
but these kids think they know what that means by applying today's logic to it

>>11445192
1000

>>11445157
>XMR wallet is great
>BTC doesn't have a proper wallet
really makes you think

>>11445162
Wrong. This isn't an abstract very distant consideration. The exponential decline becomes asymptotic long before it hits zero. By 2036 bitcoins inflation rate drops to 0.1%, but the block reward will be insufficient to secure the chain significantly before that time. Bitcoin has a decade or so to sort out their scaling and fee market. It's far from certain they will be able to accomplish this.

http://randomwalker.info/publications/mining_CCS.pdf

>>11445192
18

>>11445192
Actually, I meant to say an unknown amount.

>>11445214
considering bitcoin isn't even 10 years old, it would be retarded to start breaking the rules
for a fringe alt like monero it makes sense because nobody is going to use it they'll need additional block subsidy

this coin is just awesome !

>>11445214

what if bitcoin cash reaches critical mass?

thats why i have both

xmr and bch

the ultimate electronic cash portfolio

>>11445100
Expecting software & protocols to not receive upgrades and survive in 2018

>>11445706
BTC is unforkable that was the whole deal and then the drama with the segwits

only soft forks are possible

>>11445740

hence its doomed

>>11445752
we still have turtles that are the same since forever
but defiantly the future dominant species will not be BTC

That's because nobody uses it. Monero is making serious tradeoffs to have privacy.

>>11445083
Bitcoin has script versioning now. Schnorr, simplicity, ct with bulletproofs, drivechains are all very simple softforks. You could even reduce the blockreward to redistribute it later with a softfork.
The only needed hardforks can be planned years ahead.
Sorry, but bitcoin has an actual ecosystem with 250k daily transactions and no clear leadership.

>>11445890
>Sorry, but bitcoin has an actual ecosystem with 250k daily transactions and no clear leadership.

> ATMOSD Blocks your path

>>11445890
Bright future for Monero - fuck marketing agents like you

>>11445083
fpgas can be reprogrammed easily
ASICS are dead but monero can't kill fpgas

>>11445890
>can't even change a simple block size
kek

>>11446057
Lmao. "Marketing".
Bitcoin is the only coin that doesn't need marketing.
Stop trying to shit on bitcoin like a spoiled kid, that is all.

>>11445346
Same xmr and bch are frens

>>11445157
repent and join the daddy pony
800k watch eoy2020

Monero>Bitcoin>Litecoin>memecoins>bcash

>>11446228
No brainlet
Bitcoin and litecoin go at the end

>>11446228
Litecoin can only copy paste. At least bcash has its own (retarded) vision/roadmap.

>>11446228
monero > memecoins > bitcoin > btrash/litecoin

>>11445346
bch and xmr are not friends. xmr has no friends because every other coin isn't asic resistant nor private. xmr is in a class of it's own

and then you realize monero is still going to need second layers, and that second layers destroy monero's value proposition long term.

i think people really underestimate just how much destruction second layers are going to have on pure payment altcoins

>>11446228
Monero > DOGE >>> ETH > LTC > Bitcoin
PoS : BeanCash > Ark >>anything else

>>11446296
wrong

>>11445119
>tx fees aren't enough money to incentive miners

this is why we're limiting the blocksize in the first place anon. the fee market has to be able to replace the block reward in the long run, gradually.

>>11446331
and this is why it's going to be such a huge deal. a mtgox scenario for alts, because people like you just can't see it coming.

i have fifty monero am i going to make it

>>11446408
if you think 5 million dollars is making it, yes

>fell for privacy meme
>2017
>no serious wallet
>fuck it i'll hold that shit on polo what's the worst that could happen
>poloniex: hey guys we will warn you before any change and unverified accounts will always be able to withdraw
>2 months later
>poloniex: hey guys we locked all unverified accounts and this is your warning, verify now or else
>tfw my private internet funny money is held on an exchange operated by anonymous people and i can't get it back unless i upload a selfie of sticking my ID in my butt
t-thanks fattiepony

>>11445157
>>11446669
> no proper wallet

https://github.com/mymonero/mymonero-app-js/releases

>>11446780
oh yeah let's all use command prompt and download an entire chain with no blocksize limit what could go wrong

>>11445706
a "decentralized" project that needs to regularly fork is doomed
I guarantee monero will fail whether it's from a rushed bug, a community disagreement, business/dev propaganda, or any other attack vector that gets exploited all while NEEDING to hard fork to stay relevant
it's a ticking timebomb and becomes more and more risky as monero increases in value and size
if you can't see it you don't understand this at all

>>11446794
This is a light wallet with an extremely nice interface, no command prompt and no chain download.

>>11446794
>>11446835
2/10 FUD. Try harder.

>>11445151
long long term, I can see a day when relying on fees only to compensate miners could cause the bitcoin mining bubble to burst. especially if 2nd layer solution "solve" the majority of transactions being done on the network. In essence, this could be construed as a form of theft from "real" miners doing sha256 calculations. im now starting to sound like a bcash shill. but im not, which is interesting.

further down the rabbit hole. we come to this day where miners aren't getting compensated enough to hash, so the ones that are the worst at hashing begin to shutdown first. plus the ones with the highest electricity costs. soon you have only professional industrial mining firms, like hut8 who use bitfury chips on mass. these professional miners would also want/need to get in on the 2nd layer fees game, so they would also dominate there too.

what you end up with isn't far from a cartel in the long run.

duuuump ittt

>>11446995
that's a lot of what ifs but it's a possibility
there are some 2nd layer merge mined projects like drivechain, payment channel, RSK type stuff that are in beta but on mainnet will provide additional compensation
the mining space was worse in 2016/2017 than it is now as far as decentralization and competition goes
and it would be smart for miners to get into 2nd layer stuff, but if those rules in 2nd layer go against the user or are inefficient they won't be used
there are so many variables we'll have to see what happens and react in the best possible way

>>11446835
it isnt forking twice a year forever. it's temporary. the devs say the end goal is to never have to fork it again once they accomplish everything on the road map

>>11446669
this is your own fault. hodling on a exchange is literally a meme.

The monero GUI wallet has been fine for storing monero since its release. you just needed to not be lazy and learn how to verify the binaries, which there is a step by stpe guide for on getmonero.org.

it probably wasnt a large amount, otherwise you would have gone ahead and verfied on polo. its not that hard.

>>11445083
Most ASICS these days are modular. Give it 2 weeks

>>11445346
>what if bitcoin cash reaches critical mass?
LOL

>>11445192
100

>>11447075
Yeah whats with all these retards saying Monero doesnt have a wallet? There is an easy to use GUI wallet that you dont even need to download the blockchain on anymore

>>11447268
and 2 mobile wallets. the fuck are people smoking.

>>11446669
this makes me smile. makes me happy knowing you got fucked for keeping funds on an exchange. exchange holders and traders need to die

>>11447140
>modular ASICs for Monero
LMAO

>>11447140
if this was true you'd see the hash power rise since it fell 50% when xmr hardforked in april. it hasnt came back, it's gone for good

>>11447388
And before people claim the increase is from ASICs, it's refugee miners dropping out of eth and zcash.

>>11445157
What the fuck are you talking about?

>>11447140
>ASICs
>modular
What the fuck am I reading?

>>11447581
>application specific
>modular
Pick one. Fuck I hate this board sometimes.

>>11446156
God bitcoiners are sad

>>11446081
FPGAs lose ~8x even after reprogramming this hf

With enough amount of GPU you still can double spend Monero.

Mean while others are immune to 51% attack.

>>11447291
>>11447075
>my coin is going to be the future of darknet transactions, it's insanely valuable
>please don't actually trade it, we wouldn't want for liquidity to determine proper valuation
>also you have to be a computer enthusiast to use it, no biggie, tyrone and miguel will figure it out
i willingly admit it was my own fault getting fooled by the shills, so why can't you guys be honest? monero is a ponzi. it will never be used in any significant manner justifying its current price, let alone any speculated higher value

>>11449623
Same thing happened to me on Polo, I don't blame you anon. Everything's a ponzi though. Monero really is the best ponzi. More liquidity would be nice though. And this shit is getting easier to use everyday. Tyrone could use MyMonero today no problem.

>>11449358
GET THE HELL OUT I AM SO SICK AND TIRED OF YOU FAGGOT SPAMMING DERO IN EVERY SINGLE MONERO THREAD YOUR COIN IS A PREMINE EXIT SCAM WHEREAS MONERO IS SUPERIOR IN EVERY SINGLE WAY

GET

THE

HELL

OUT!!!!!

>>11450070
triggered
you know dero is superior than ponyfagcoin

>>11450070
RETARD ALERT. getting triggered by newfags.

>>11450070
And then those retards have the audacity to say that monero users are obsessed with their shitcoin, while coming to our threads like Jehovah’s Witnesses

>>11445100
It is decentralized.
The majority of network can always decide to simply not upgrade.
Not the developers fault majority of nodes are run by NPCs.

>>11450438
EXACTLY THESE DERO CUNTS NEED TO BE BANNED OFF THE BOARD AND THE WORD "DERO" NEEDS TO BE WORDFILTERED TO "SCAM"

>>11450337
dero sucks man.
the logo is cringe.
the tech is stolen.

DERO IS A COMPLETELY CLOSED SOURCE SCAM

THE DEV OWNING TWO MILLION UNLOCKED PREMINED COINS IS AN UNFORGIVEABLE TRAGEDY IN CRYPTO

THAT'S THE REASON THE PRICE IS TANKING RIGHT NOW, EXPECT IT TO BE SUB-$1 BY THE END OF TOMORROW

>>11445346
>what if bitcoin cash reaches critical mass?
lul

>>11445096

Don't be a faggot. Tail emission is based and red pilled

>>11445096
>>11450725
https://www.youtube.com/watch?v=ECqcf-Nyjmw
Yes it is. Without the tail emission it can't scale. Bitcoin is fucked because of this and bch is fucked too.

Gold has a higher emission than xmr by far yet gold bugs seem to be stuck on the hard cap meme. Genuine retards.

>>11445346
lol

>>11449358
>With enough amount
Pajeet.
>>11449623
Also Pajeet.