/biz/ - Business & Finance

>>11590479
Sir please consider dero thank you

>>11590479
>monero
>ero
>dero
lolno

>>11590479
XMR is amazing for what it is built to do, however, it is not something you "invest" in. It has an infinite supply tail, there are much better opportunities. Put your money in to solid crypto projects that are working on actual products. XMR is simply the best private fungible currency atm.

>>11590479
Only if you want to make it

>>11590529
Like what? I’ve been seeing a lot of good things about projects like BitBay that actually have working projects. People think all of these crypto “currencies” are going to be used one day when only ones like Monero will actually be a real currency to exchange on platforms like BitBay. I dont know man... just tired of the shills and fuds I want legit conversations on projects making moves.

>>11590479
XMR is the comfiest hold

>>11591068
basically this. Buying Monero is a store of value in the truest sense of the term. If you have money in a savings account, it'd be better of sitting in XMR. Just facts really

>>11590529
Fucking retards holy shit. The tail emission is only infinite like time is infinite. Every year there will be a FINITE amount of Monero mined and there won't be a single Jew that mint extra.

Every coin without a tail emission is going to fail. https://www.youtube.com/watch?v=ECqcf-Nyjmw

>>11590529
>infinite supply

>>11591131
This.
Bitcoin will plummet to 0 once miners get no reward and start turning off their machines as its no longer profitable to mine.

Tail emmission solves that.

>>11590529
>simply the best private fungible currency
>better to put your money in "solid crypto projects"

I just can't understand you noobs. What got your heads so mixed up?

>>11591168
That's not how that works at all. Bitcoin halves the reward to ween miners off the teat of block rewards. By the time the last bitcoin is mined, mining will represent such a small percentage of the reward that it won't make a difference.

>>11591310
It's still a stupid model. They're hoping the fee market develops when the time is right for it while at the same time you have competing interests pushing scaling for everyday transactions onto second layers while actively advocating that transactions on bitcoin's blockchain should be minimized. All of this is solved with a tail emission that targets ~1% (and decreasing with time) inflation.

>>11590529
>>11591167
> Muuuuh infinite supply.
Faggots check your facts before shitposting. In 2022 XMR tail emission is going to be 0.6 XMR per block (2 mins) which is equivalent of 18 XMR per hour or 157680 XMR per year. Compared to BTC, XMR will have less inflation for the next 10 fucking years. After that XMR will have converging inflation rate to 0.

>>11590529
Also
>Put your money in to solid crypto projects that are working on actual products.
>Solid crypto projects
>Actual products
>2018
Whew laddie.

>>11590479
Buy masari, hold until next year. Thank me later.

>>11591836
Buy Pirate Chain, hold 3 years than me later. There are seriously only 2 projects which matters regarding privacy in cryptocurrencies.
1) XMR for RingCT and now zk Bulletproof
2) Pirate Chain for forced zTransactions, creating 99.99% shielded transactions in the blockchain, using dPoW thus using BTC network security for 51% attacks.

>>11591310
>>11591661
We're going to be dead over 50 years before it happens, so who cares?

>>11591988
>so who cares?
If BTC is to remain "decentralized" then the fee market will need to establish itself way before then as block rewards become few and far between. It'll be an issue within our lifetimes even if it's 10-20 years away.

>>11591930
>Pirate Chain
does it have a trusted setup as well?

>>11592173
Yep. It's basically a fork of KMD (which is a fork of Zcash), which forces transactions to be shielded.

reminder that literally 100% of monero threads get bombarded with desperate dero shills like this one here >>11590529
joke is actually on you fags - i would have put a lot of money into dero already, but all the shills here actually made me reevaluate, because with all the blatant paid shilling/lying it reeks of scam and desperation. fucking lel

>>11590479
No. Check out Dero.

>>11593930
>>11593391

>>11591661
I hold a lot of both coins, but it's not as terrible as you make it to be. It happens gradually over 100+ years and everyone knows about it in advance. If there's any way to make a cent of profit doing it, someone will. Perhaps not the same people doing it today, but someone nonetheless.

>>11591988
Because it will effect my children and grandchildren, so I'd rather deal with the problem now than let it fester

>>11594037
Exactly, 1% tail emissions is not a lot either, but still enough to give miners good incentive to keep mining and supporting the network.

>>11590479
Forget about that shit from yesteryear and put your money into Dero. It's going to break XMR's back.

>>11594216
I'm not necessarily against having tail emissions, but if it can be done without them surely you'd agree that that'd be preferable?

I think bitcoin will be able to manage without it, but most smaller caps will have trouble without a tail. I guess we'll see once litecoin or something else reaches the tipping point.

>>11590479
Private ledgers are a horrible long term investment. Short term is safe though. Count on their value absolutely tanking once major countries start banning private ledger cryptos on their domestic exchanges. But again, that won't be for another 5-10 years.

>>11593391
I love the shills. They are effectively stunting the growth of dero so that I can keep buying at a discount. Thank you for not buying.

>>11591310
but does a pure fees based cypto economy work? MAYBE for Bitcoin it will, because it's so large and first to market and is the only coin that's going to make it in the long run. but for other coins, i doubt a fee only reward mechanism will be worth having.

>>11594524
>Private ledgers are a horrible long term investment.
Imagine actually believing Monero can be stopped by governments.
>>11594586
Exactly this. Maybe it works, maybe it doesn't. It's not worth having a deflationary currency if it means leaving your entire network security up to hoping that things work themselves out down the road. What we know works is miners mining for block rewards.

>>11594816
>>Imagine actually believing Monero can be stopped by governments.

Immagine the news ''we want to fight money laundering, so anyone kept to handle Monero coin will be executed, and since now on any exange should remove Monero from their coin list''

At that point Monero will be traded only OTC, like it was a drug, and to buy drugs.

No normie's FOMO... everyone would be scared to be executed buying Monero.

This is a scenario you have to consider

>Dero
https://github.com/deroproject
Oh look shills trying to unload bags of yet another dead shitcoin

>>11594816
>Imagine actually believing Monero can be stopped by governments.
Imagine actually believing Monero will retain its value when its banned from trusted exchanges. The absolute delusion. Nobody said Monero could be stopped, I said it is a horrible investment for the reason above. Also, this: >>11595053

Keep holding monero for long term, brainlet. I look forward to your pink wojaks once legislation catches up. The tax man always gets his due.

don't buy DERO
i don't want retards to possess one of the most promising coin there is right now

>>11591116
Store of value is retard talk. People get in early and fucking shill to the late schmucks. As soon as there are no more schmucks buying the price plummets, doesn’t matter how much value has been “stored.” If no one is buying the fucking price plummets.

Monero is turning into BTC.
>Just buy it, it’s a store of value!

Fuck off. Fucking ponzi.

Invest in projects trying to build adoption.. the only thing that will keep prices up is cash flow

>>11595261
Spoken like a true ERC20 token holder.

>>11595295
Spoken like someone who is not a fucking idiot

>>11594586
You're asking a question that fundamentally can't be answered until after it happens. Everything that I've studied about economics tells me that fees ought to be enough because of increased usage over time. But it might not be enough if there's not enough usage. Perhaps only bitcoin will have enough usage for fees only, and that's fine because a tail emission is not that big of a deal because it represents a diminishing amount of inflation over time.

>>11595160
>Imagine actually believing Monero will retain its value when its banned from trusted exchanges.
DEXs will just become very liquid if and when that happens. Also, how the fuck are you going to legislate exchages on fucking Malta or the Seychelles, let alone Singapore or Hong Kong. It's not happening in our lifetimes.
>>11595261
>>11595355
I don't have a dumb enough looking brainlet.jpg to describe just how stupid this particular individual is.

>>11595261
exactly anon
>>11595295
there are some good erc20 tokens like REP. however, monero is the true store of fucking value. It's fungible and no one knows how much you have except you! This is what makes XMR so strong. I don't give a shit about my transactions. They can be traced if needed but it''s noones fucking business how much I have!!!

>>11595160
Banning things only increases its value because there is the extra overhead of smuggling. Monero is pure heads I win tails you lose.

>>11590479


Xmr is my comfiest hold when looked at the competition...


Eth is dogshit. Won't scale. Pretty much a pointless commodity that was built to make normies and banks more comfortable with investing in crypto. Doesn't solve anything in the system. Smart contracts are overrated since the oracle problem cannot be solves.

LTC - lol this thing exists still?
Zcash - good tech but the whole zcash foundation ruined the idea of it. Fucking Naval and Vitalik are part of it.
Dash - lol similar to Zcash but even worse. Imagine having a CEO of a coin.

>>11595430
ETH has the biggest network for development among all the cryptocurrencies (and this is the strongest point of ETH). It will scale, whether with sharding or raiden or a combination of both but ETH is the virtual supercomputer of the future. Don't get brainwashed with news. What BTC for currency is ETH for decentralized computing.

>>11590479
no, the price is plummeting, just like eth, with no reversal ahead yet

>>11595160

"Banning" exchanges lol. The technology cant be uninvented. XMR is one of the most interesting projects.

>>11595605
>>11595160
So here is the thing with banning. Besides from DEX, there will be at least one country in the world (aka Cayman islands of fiat money) where buying/selling of XMR will stay legal.
Privacy coins can't be banned and is the main concern of gov'ts.
BTC? Kek it's traceable as fuck and it will even become more traceable with LN nodes and KYC regulations imposed on them. Privacy coins on the other side... There is no solution to them, which is great because ITS NO FUCKING BODY'S BUSINESS HOW MUCH I HAVE.
BTC will be mainstream because it's a win/win/win scenario. Win for Governments, because they can trace the shit out of it. Win for banks because of LN and win for peons because they get reversible transactions from LN. When it gets mainstream though, it will be the privacy coins which will really rise and shine in the faschistic digital world.

>>11595430
>the oracle problem cannot be solves.
o rly?