/biz/ - Business & Finance

yeah why so much shilling Monero

>>12355653
they're trying to change their optics.
A price crash from ath, new privacy coin competition, and the ever-present association with drugs and pedos hasn't been good PR for the coin.

Why else would they foray into Fortnite shit?
Bearish indicator homie.

>>12355633
>>12355653
>>12355681
This coin used to be in the top 10. Look at where it is now. Look to what happened to the XMR-ETH price. I'm so glad I dumped my XMR for 0.54 eth. /biz/ is basically full of bagholders.

It's a good project but it will never be legal. People used to launder money with it in 2017, which drove the price up. Now they the NSA, the CIA, and the FBI know about and monitor it. Buying or selling Monero immediately makes you a suspect. If you wanna launder money, why wouldn't you use a more obscure coin instead?

>>12355633
There is a lot of competition now, since people realize that financial privacy is a must and bitcoin is not private. So there are also a lot of shills for other projects like dero (which is a scam IMO) and monero FUDers aka bitcoin maximalists.

>>12355843
>Bitcoin is not private
It is private. The real difference is that Bitcoin is traceable. Untraceability also creates a host of other problems. For example, you have no clue of how Monero's supply is distributed. Or: if someone steals your coins, you're fucked. You'll never be able to trace them.

There's no transparency, which makes it less likely that people will want to trust it. The market will decide if untraceability is important. So far, it isn't - the dark web still uses Bitcoin and no one gives fuck. Monero is good for certain use cases (e.g. people transferring money under dictatorships), but for wealth storage you're better off with bitcoin.

>>12355901
>It is private
If every person you transact with knows exactly how much money you have, this is a threat to your personal physical safety.

How is this private?

>>12355901
>the dark web still uses Bitcoin and no one gives fuck
This is not entirely true.

>>12355936
Haha wow, I hope your mother dies in her sleep tonight.

>>12355633

>>12355633
>alot

Problem with investing in Monero is that no matter how popular it is, there’s no reason for the price to go up. For example someone buys it to buy an item in Fortnite, Epic immediately sells it. There’s no tokenomics built in to make it appreciate. On the other hand with something like Ethereum if it goes mainstream then everyone needs gas so that could drive the price up.

You already decided to buy so just do it and come cry about it later when your bags aren't worth half a turd.

I love monero, it's like having an unnamed Swiss bank account in the Bahamas where all my money is stored. Can't fuck with it not even the tax man. I can do whatever I want with it too, just bought a legit high grade sex doll.

>>12355931
You can always have multiple wallets. Also, Bitcoin mixers have existed for a while.

What you autists fail to see is that the average user thinks traceability is a good thing. I really like the fact that I can trace every transaction in Bitcoin and ethereum. It makes me trust it. I have no clue if who owns the private keys to most address, but bring able to see every transaction is very reassuring.

>>12355633
Get reading
>>12354653
>>12344247

>>12355995
>You can always have multiple wallets. Also, Bitcoin mixers have existed for a while.

You aren't serious, are you? Bitcoin mixers are not free and you have to trust them. Also, having many wallets is not a solution.
...But why I am even talking to a...bug.

>>12356058
>Poorfag can't afford a mixer
Guess what. Owning a coin that is going to get busted by the FBI and the Interpol also has a cost.

>>12356113
This is the gayest FUD

>>12356118
It's not Fud you faggot. Do you think they're going to let a untraceable money be legal forever? Just wait until they arrest some human traffickers and pedophiles using Monero to hide transactions. When this happens, governments will force exchanges to delist it, like they've done in Japan. (Japan is always ahead of time when it comes to crypto legislation, by the way.)

Then there will be a massive sell off. The coin will still exist, but it will be worthless. Criminals will keep shifting to more obscure coins that are outside of the government's scope. Anyone can fork Monero. Why would you use the core chain, which is surveiled, instead of some obscure fork?

>>12355969
imagine being this stupid
>sell stolen CCs for monero
>keep XMR for buying backend servers for your botnet
>keep XMR for buying bots and installs for your RAT
>keep XMR for buying proxies in russia
>keep XMR for buying a VPN
>keep XMR for buying blackhat SEO
>keep XMR for buying a card printer/blank physical CCs to code them

>>12356113
>Owning a coin that is going to get busted by the FBI and the Interpol also has a cost.
Privacy is an human right. Do you understand that?

>>12356158
yikes this guys actually being serious... it wasnt just a bait

>>12356171
also, 9/10 times i sent someone any crypto apart from XMR they checked all my transactions and balances on explorers, people like to stalk other people, especially if money is involved, why do u think facebook and instagram sluts are so popular? because people want to invade others privacy to gossip about them.

>>12356158
cryptography exists and is legal while still being used by pedofiles terrorists and other malicious actors, XMR wont be forked off because XMR has 100 devs, math PhDs and hashrate backing it while forked shitcoin has nothing

>>12355633
TURTLE GANG TURTLE GANG TURTLE GANG

>>12355969
>comparing an infinitely replicatable supply of fortnite items vs a limited supply of currency

Basic supply and demand research needed by yourself sir before you comment

>>12356176
Lol

>>12356176
we wuz kangaroos

>>12356184
>100 devs
Nope. False. Check GitHub.
But it really doesn't matter. If governments force exchanges to delist it, it's over. It happened in Japan. It will happen elsewhere for sure.

>>12356176
Privacy is a human right as long you don't use it as an excuse to violate other people's rights. If people begin to use a private coin for human trafficking, it is perfectly justifiable to crack down on the coin and break their privacy. This is pretty basic stuff, everyone knows this. You guys are deluded if you think society will allow criminals to and transact money secretly.

>>12355633
Monreo is shit even for drug market, even in the one I have seen they only accept BTC/BCH and not monero. Guess why? Because they expect you to use privacy coins for this stuff...

>>12356227
Cars are used for terrorist attacks, so ban cars and car manufactors? You are cherry picking.

>>12356227
>You guys are deluded if you think society will allow criminals to and transact money secretly.
They don't allow criminals to do anything criminal but they do it anyway because they are criminals.

>>12356233
>Guess why?
Honeypot

>Dero through the eyes of normal hodlers
>Dero through the eyes of Monerocucks

>>12356259
No one mentioned Dero. You're doing it again. >>12320154

>>12356259
You dero cucks are envy that dero has no own threads with more than 10 replies.

>>12356271
That's because we have no need to have a 24/7 general running all the time like you Monerocucks do

Seriously, what has Monero even done in the past few months? Release bulletproofs? Dero released them three months earlier, and Dero's bulletproofs are over three times faster!

What a joke.

>>12356276
Not a gamer I take it.

>>12356315
>kek he thinks literal children have the money to support his funnymoney habit

wew lad lay off the crack pipe for a nite or two.

>>12356315
also

https://twitter.com/TimSweeneyEpic/status/1081708879472410625

bahahahahahhaahhahhHAHAHAHAHAHAHAHAAH

dumb moaner go get a real job you broke two bit chump ass punk bitch.

>>12356332
>
...ok

>>12355633
Monero will be replaced by Dero in 2019, which is technologically superior in every way. DYOR

>>12356864
DERO has Smart Contracts running on testnet whereas Monero is not even compatible with SC. Never mind Dero DAG allowing for unlimited scalability without orphans unique among all PoW coins.

>>12355769
I've noticed this myself. On paper XMR should be a top 5....yet it struggles badly to maintain its value.

I have a buy I set last year for $20 and I'm really thinking of closing it before it gets filled sooner than later.

>>12356315
I have a feeling a maximum of .03% of sales will be done via XMR.

>retards in this thread still fudding dero even after they released smart contracts
stay poor i guess. pic related

>>12355990
>just bought a legit high grade sex doll
And you shipped it.. to your local address on your name? Wow many anonymity, very privacy.

Turned into pnd shitcoin:

Fortnite denies accepting Monero for payment. Another pump and dump attempt from fluffy.

BAHAHAHAAA

Fucking DENIED
https://twitter.com/TimSweeneyEpic/status/1081708879472410625

Fluffy trying to pump his coin for another pump n dump!
https://twitter.com/fluffypony/status/1080121873877352450

Nerva doesn't do things like this.

Despite /biz lies.

>>12356886
Just like every coin, including bitcoin, it gets pumped and dumped so it can be accumulated again. XMR was number 3 at one point and there's no doubt it will be there again before going higher still. It's lucky you're interested in it during an accumulation phase. Don't get greedy trying to buy in too low or you could miss out altogether.

>>12356985
I'm sitting comfy on my nerva stack. Bitcoin failed miserably, .onerous is being targeted by those who cannot control it, privacy coins are the way. At least with nerva, we are not dependent on mining farms to keep the currency operating. It's a beautiful thing.

>>12356985
Nerva is complete scam mined by the dev with FPGAs in secret

>>12357056
You are full of shit faggot. God you dero fags are a joke.

>>12356985
>>12357009

Nerva fucked himself up with the ridiculous emission curve. It was released like a year ago and it's almost completely mined already? The devs must've mined literally millions of it in the first month lol. It's a shame really, it had potential.

That's a bunch of fud

Nerva is a solid privacy project coin with cup only mining and no pools. It's the way satoshi intended things. Basic and to the point, robust community on discord, active devs, and a neat young privacy project with huge potential