/biz/ - Business & Finance

Agreed. Monero kills the orange man

>>14741278
those bags must be heavy

He can't ban crypto any more than he can ban religion, air, or language. Monero is truly a garbage shitcoin.
Meant for privacy but its not private. Meant for decentralization but it's not decentralized. Meant to be worth something but it's not worth anything. Everything it does bitcoin can do better, which is actually quite embarrassing because objectively speaking bitcoin sucks ass when you remove the historical significance of being the first.

>>14741768
>Meant for privacy but its not private.
it is private you retard. you think wasabi will save you? lol
>Meant for decentralization but it's not decentralized.
since mining is more egalitarian i would say it actually has the potential to become more decentralized than bitcoin
> Meant to be worth something but it's not worth anything.
its literally worth like 90 bucks right now? fucking retard
>Everything it does bitcoin can do better, which is actually quite embarrassing because objectively speaking bitcoin sucks ass when you remove the historical significance of being the first.
again wrong and no argument

>>14741768
zcash cope detected

>>14741768
>He can't ban crypto any more than he can ban religion, air, or language.
Alright I'm with you.
>Monero is truly a garbage shitcoin.
Wait, what?
>Meant for privacy but its not private.
Privacy is a spectrum and Monero is the most private while making the least amount of critical compromises compared to any other crypto at the moment.
>Meant for decentralization but it's not decentralized.
It's about as decentralized as any cryptocurrency project can be but ultimately it does have core developers that carry a lot of weight. It's completely open source and anyone can participate in its development which is why it has something like 300 contributors to the code at this point.
>Meant to be worth something but it's not worth anything.
This is... obviously false.
>Everything it does bitcoin can do better
Negro please. Monero is fungible by default and scales better than bitcoin AT THE PROTOCOL LEVEL due to its adaptive blocksize. Yes, Ring Signatures and RingCT specifically bloat the size of the blockchain as Monero gets used, but at least Monero will never have endless retarded blocksize scaling debates for FUCKING YEARS like Bitcoin has had to suffer through resulting in serial larpers like Roger and Craig creating garbage forks.

>>14741768
ZCASH
ZCASH
ZCASH
ZCASH
ZCASH
ZCASH

got a few of these. not selling

>moon
How the fuck are you going to buy/sell it when every exchange is banned from trading xmr.

>inb4 muh decentralized exchanges
Cool beans, so you can trade one tulip coin for another.
But when do you exchange it into actual currency which you can buy things with?

>>14741278

And turtlecoin!

>>14742029
>still comparing crypto to tulips
go back to 2014 retard

>>14742029
If XMR is locked out of the exchanges, it means that any money the black markets put into XMR will stay in XMR. The black markets will still be using XMR and putting money into it every day. They will have an incentive to use XMR for more than just illegal goods and services because they can't cash out. The black markets are 20% of the global economy, so do not underestimate the impact of that money flowing into XMR and being locked in.

>>14742306
>The black markets will still be using XMR and putting money into it every day
Firstly, dnm still use BTC for majority of purchases.
Secondly, that's the dumbest argument I've heard all week. It's so far from reality it's not funny. Just because someone wants there bags of untradeable xmr to be worth something doesn't mean anyone is going to exchange them drugs for it.

Also I think youre extremely overestimating moneros role in the black market economy, which is almost exclusively done in USD

>>14742432
It's the drug dealers who are demanding Monero.

>thinking this bald cheeto will ban crypto

>>14742432
>dnm still use BTC for majority of purchases.
Any "DNM" using Bitcoin in 2019 is honeypot as fuck.

>>14742432
>imagine using a completely traceable coin to buy something from a DNM

when it gets banned and delisted all normies will dump their bags on your face

>>14742827

>>14742827
>prohibition
alcohol got cheaper
>drug war
drugs got cheaper

lol how can you be this dumb

>>14742827
They literally won't be able to dump their bags.

>>14742879
yeah, because people are addicted to poonero, they will seek to buy more. fucking retard lmao
>>14742857
yeah, that will be your face when your bags are worth 2 dollars

>all these monero niggers

Monero is not untraceable. See link: https://www.researchgate.net/publication/324863990_An_Empirical_Analysis_of_Traceability_in_the_Monero_Blockchain

Say you send your doxxed coins into a temp fake wallet to break the public ledger. You then wash those coins by tumbling them through multiple privacy coins using multiple exchanges. However this assumes these exchanges wont ever forfeit their logs. It would only be a matter of time to fingerprint you. Plus you're going to have to transfer it back into fiat at some point. Also, they monitor the public ledgers in real-time for micro-structured transactions designed to evade record keeping. Instead of making it illegal they will more than likely just revise the blockchain protocol to limit transactions to KYC–verified wallets so that it would be more trivial to trace back to an identifiable wallet.

>>14742970
>https://www.researchgate.net/publication/324863990_An_Empirical_Analysis_of_Traceability_in_the_Monero_Blockchain

this paper was found to make alot of wrong assumptions and also, the research was funded by people with close ties to Zcash, implying that Zcash was trying to FUD monero

>>14742897
>yeah, because people are addicted to poonero, they will seek to buy more. fucking retard lmao


>implying the only reason drugs are expensive are because people are addicted to them
you really are a fucking brainlet

>>14742970
That research paper is ancient and has been debunked. Like above said, they make some critical assumptions about traceability that aren't an even an issue anymore now that there aren't any 0-mixin transactions permitted. The other shit you mentioned highlights issues with the rest of the centralized system, not Monero itself. Sage yourself retard.

>>14743056
I said people SEEK drugs because they are addicted retard. nobody is gonna want to buy your poonero shitcoin if it gets banned. your shitcoin can be duplicated ad infinitum, it works the same if its 1 dollar or 1000 dollars. please keep holding your bags like a moron, I will be here laughing at you when you get dumped

you can't cash out if the government bans monero. exchanges will kick you out, and banks will block exchanges.
your only hope is localbitcoins and meeting up irl, but there you risk getting stabbed by some nigger.

Banning Monero will be a government seal of approval that it's the most private currency in the world

When was the last time this had steady growth, 2017?

>>14741768
Agreed, Nerva does a hell if a better job and the transactions are almost instantaneous but none of you fags will try it out

>>14743346
>Nerva
Get the hell out with that premined scam

>>14743111
Can you post a doc/link or something to confirm this?

>>14743480
https://www.getmonero.org/2017/04/19/an-unofficial-response-to-an-empirical-analysis-of-linkability.html

Even this response is somewhat dated as minimum mixin now is, I believe, 7.

>>14741278
too many high-ups own bitcoin for it to get banned directly and even if it would still work in the rest of the world. miners won't be able to operate in us tho

Nobody needs fucking permission from a nation state to make transactions in a way two people agree to

>wont be able to cash out

It's meant to be used as a fucking currency so make decentralized services and spread memes to everywhere so you can do something good for the world rather than go with the status quo just so you can make money

Never underestimate the power of collective thought. There will be a new generation of peoples who do not identify with the general rule of law of the nation states with a monopoly violence and monetary policy. With a global anonymous currency we can truly become free people.