/biz/ - Business & Finance

>>16490147

Ill give you protip: don't.
I was big btc than big monero guy and than I met fluffy and had a 15min chat
Lets just say I sold all of my 2016 monero bags
Gl anon

>>16490168
Those f-f-faces show approval, r-right anonkun?

>>16490168
Fluffy basically just approves commits

>>16490168
What’d he say to make you do this? Giving you the benefit of the doubt that it’s not larp.

>>16490168
is it because he's fat or because he's a pedo?

>tfw believe in monero but scared something bad will happen that will make the price go down again

>>16490491
Send us to the moon Esperanto Chan

Hobby project? Check!
All exchanges will ban? Check!
Been losing value for 2 years? Check!
Craig is going to deanonymize? Check!

Fuck monero, I'm looking at $arrr

http://pirate.black

>>16491011
tell me more

>>16490168
>1 post by this ID
God damn glowies

>>16490297
Nothing 5 min price related talk 10 min taking shit about eth after my tech/crypto space related questions not price or shotcoin related -fact is dude literally cares only about dollars he makes and fact such a dickhead irl.

>>16491073
>fact is dude literally cares only about dollars he makes

lol you just described everyone on /biz/

>>16491080
I know and thats fine you do you Ill do me xmr is not comfy bag for me anymore

Well I never really used monero, but I used a couple forks. They always made me sync the wallet, which always took ages, and involved downloading the blockchain. I get why it(privacy) has to be this way but it's so inconvenient.

Dumping? Literally

check em

>>16490147
Supply:
Mar-2019: 3 XMR

Jan-2020: 2 XMR

May-2021: 1 XMR

May-2022: 0.6 XMR (tail emission start)

Demand:

DNMs increasing
Offshoring increasing
Bellweather divorce case coming
Hey anon, what happens when supply goes down a lot and demand skyrockets?

>>16491276
how much to make it, then?

>>16491278
EOY 2020 5000xmr
EOY 2021 500xmr
EOY 2022 100xmr
EOY 2025 10xmr
checkem

>>16491299
Shiee

>>16490147
support corruption, buy monero!

>>16491276
Why would the supply go down and cliff me on the divorce case

Monero is actually a low-fee coin, unlike BTC. I wonder if it can be adopted for online micropayments. It would probably increase the price & demand.

>>16491317
support freedom, use monero

>>16491328
supply: picrelated
monero migration on dnms started when legal precedent was set that xmr transactions were immune to chain analysis, hence the "unknown amount of xmr" trope
imagine what happens the first time a wealthy man gets divorced and somehow there's nothing there for her to take...

>>16491344
I've always thought about that if shit goes south keep assets in monero. Still brainlet to understand the block rewards. Doesn't it mean that there is an unlimited amount mined, or is the deflation in the amount mined more than btc initially that's why?

There still needs to be an awareness campaign on the divorce cases. Any male could ultimately do that not just the Mega rich

Monero had an upgrade one year ago which cut fees massively
>According to data published by BitInfoCharts, average monero fees fell from about $0.54 cents on Thursday to roughly $0.021 cents as of Saturday – a 96 percent drop.

what (non shit) privacy coins are mineable now that Monero is RandomX? and fuck Mimble Wimble

>>16491299
checked

Have 30 XMR so I guess I'll make it in Q3 2023.

>>16491334
its only low fee because of low transactions volume
xmr will become expensive to transfer as use increases because of ringsigs
>>16491396
it smoothly drops the block reward and has a tail emission to forever incentivize miners
this effectively results in steady supply at some point in the future as new xmr inflow = lost/missent xmr outflows
because the curve is smooth without "halvenings" the tipping points for where supply effectively dries up will be market determined and i would argue much more violent as people don't have good analytics on which to predict due to the opaque chain
>>16491408
do it
>>16491429
this was a technologic advancement that will not be reproducible- expect to pay xmr transfer fees in the dollars range in the future
>>16491455
buy amd cpus

>>16490147
>logo looks like neofags
not gonna make it

>>16491299
Well I can buy one now so I guess im doing ok in the far future

>>16491036
PirateChain (ARRR) is a community-driven project with a 100% private-send cryptocurrency. It is a fork of z-cash based on the Komodo blockchain. It uses a privacy protocol that cannot be compromised by other users activity on the network. Most privacy coins are riddled with holes created by optional privacy. PirateChain uses ZK-Snarks to shield 100% of the peer to peer transactions on the blockchain making for highly anonymous and private transactions. The developers who created zcash, which PirateChain is based on, believe the best use of the protocol is a chain that requires private sends only. Komodo's delayed Proof of Work (dPoW) protects Pirate's blockchain from damage against double spends and 51% attacks by attaching a backup of the ARRR chain to the Bitcoin Blockchain. In order to 51% attack Pirate, you would have to first 51% attack Bitcoin. This makes security against double spends and hostile takeovers nearly impossible if not impossible altogether.

>>16490653
>All exchanges will ban? Check!
Why would they ban monero?
>Been losing value for 2 years? Check!
Just like Bitcoin
>Craig is going to deanonymize? Check!
Double digit IQ

>>16490147
Monero is the only privacy coin left standing with any actual academic weight behind it, but it's also the only privacy coin that ever did just about everything correctly in the first place so this shouldn't be a surprise.

>>16491731
>Just like Bitcoin
Oh no no no
Monero was $50 a year ago and is $50 today
Bitcoin was $3k a year ago and is $7.5k today
Monero was $430 2 years ago and is $50 today
Bitcoin was $19k 2 years ago and is $7.5k today
Monerocucks are never gonna make it

>>16490147
>>16491276
>>16491731
Enjoy losing your money with your pedo pesos

>>16491508
?
>>16491674
buy more
>>16491696
shoo shoo
>>16491731
your argument requires craig to have technical expertise, how retarded are you
>>16491733
that's why the people who really need privacy use it, as will anyone who even kind of needs it in the future
>>16491787
ok ill buy high in the future
>>16491798
k

>>16491787
Buy overvalued sell undervalued. Mirin exemplified biz logic.

>>16490147
monero is very good digital cash system
its however not undervalued in the slightest

>>16491787
its cash
you don't hold cash to speculate you exit to cash and spend in it

>>16491506
nobody is building CPU rigs for just RandomX botnet bullshit
AMD GPU privacy coins only

>>16492500
estimate the size of the above use cases idiot
>>16492520
cash is inflationary, xmr is long term neutral like precious metals
>>16493190
cool, be poor

>>16493580
monero won't make anyone rich except the devs good project tho

>>16490147
>actual usecase
you mean drugs and cp?

>>16491317
imagine, still, believing this fud

>>16491396
The supply is indeed infinite but that does not mean infinite inflation because the supply starts to go infinite when most have been mined and there is already 1% inflation.

Look it in this way dogecoin and eth has infinite supply however their inflation decreases over time because if you create 5 coins per day when the entire supply is 1000 coins that's a shitton of inflation.

When your entire supply is 20m coins and you are still creating 5 coins per day that's very low inflation.

Monero is a based coin because it uses an hybrid game theory between btc and eth.

It uses btc game theory of reducing supply(every day instead every 4 years) and once the inflation reaches 1% it goes to eth infinite inflation mode(but remember this is still decreasing inflation).

Pretty based once you understand the infinite inflation thing starts to happen once monero inflation goes way bellow fiat.

This way the smartass bypassed ltc inflation for example or dash.
They will have the lowest inflation of all coins along with btc.

https://www.viewbase.com/inflation

This is why it's price is pretty stable.

>>16490653
>Craig is going to
lol, takes a special kind of retard to believe this

>>16490653
>Craig is going to deanonymize

>Government-proof? Check!
Are you fucking stupid?
It's Governments decides to ban anonymous coins, good luck trading your XMR on shady markets or only use it to exchange it for CP.

>>16497020
What is wrong with you? Privacy is liberty.

>>16490147
This is the only currency I accept for drugs on the empire market.

>>16490147
This shit is actually still buggy. Takes a lot of tweaking just to make it work. What's wrong with stable and functional software? It seems it's still in the nerd phase.

they are wasting funding and focusing on irrelevant things such as anti-asic instead of focusing on removing ring signatures. no one who cares about their privacy will accept it to be affected by others in every move they do, especially not if those ring members are random picks.

>>16498653
You are incompetent.
>>16498852
RandomX increases liquidity. Decentralisation is a main goal of the monero project.
Ring signatures are working today.

>>16498852
>irrelevant things such as anti-asic
lol okay chink

My biggest issue with Monero is how successful it can be. There's NO WAY the regulators are going to let it roam free with the kind of privacy it provides. First off, exchanges are going in the way of compliance to attract bigger fish. This means AML/KYC checks. That means there will be few, if any, entry points where you will be able to get the money into the system so you can actually privately use it. And everyone doing that will be under three-letter agency surveillance for potential terrorist and other criminal threats.

>>16499573
And since exchanges aren't going to support it, I don't see it as profitable to hold it in the long term. Any FUD is just going to lower its price and barring it from the exchanges is going to dump the prices too. It's better to just have a disposable ETH or any other address to just exchange it for Monero on a need to do basis

>>16499244
how does randomX increase liquidity? you are retarded. if you cannot scale in an ASIC, you can scale into mass discount of CPUs as well as electricity, so you are again implicitly scaling into ASIC and centralization.
Ring signatures basically mean, your privacy and anonimity depend (read, you going to jail/being raided) depend on random generator as well as good doing of others, and that falls apart because all exchanges with monero co-operate with governments and give them view keys, rendering all exchange >ring members< and >txs< compromised, moneros privacy is not even something that should be labeled as privacy, its faith in good doing of others and it depends on external ring members instead of being dependant on discrete log only.

>>16499395
tell me, whats the point of anti-asic algo if i can mass buy the CPUs as well as mass produce mining farms with million dollar deals which means i get cheaper electricity and cpus than 99% of miners? the retards spent 300k $ on audits trying to charge head first into wall and beat enconomics of scale which cant be beaten.

>>16499573
>>16499585
u are retarded, Brandon (the monero research lab said-and i quote, every crypto project in privacy aspect is 0/10, monero is 1/10, compared to search engines, google is 2/10.)

https://www.youtube.com/watch?v=xicn4rdUj_Q

>>16499948
>google compared to other search engines is 2/10 in searching, not in privacy.

so if monero is in privacy as good as yahoo in searching, its not that bad really, does what it needs to do just with a little help from user

>>16500027
and yahoo is only used by old dumb fucks, same as monero is used by "privacy" yelling retards, equivalent to flat-earthers. no one who actually needs privacy wants to touch it due to dicing your entire life on ring sig members or people using their keys on a fork effectively ruining entire blockchain of xmr. its literally dicing your every day going to bed if u will be raided the next morning or not. at least with BTC you are in control and can verify what you did to obfuscate the trail, good luck figuring out if the ring member u included is CIA poisoned or exchange ran, or if that retard will use his key to get Monero Diamond and ruin every single ring set which included him

>>16500060
>hurr 1/10 is only used by old dumb fucks because everyone is using 2/10
ok

on his scale everything more then 0 is ok and can work as determined if user is not idiot

>>16500060
>"privacy" yelling retards, equivalent to flat-earthers. no one who actually needs privacy wants to touch it due to dicing your entire life on ring sig members or people using their keys on a fork effectively ruining entire blockchain of xmr. its literally dicing your every day going to bed if u will be raided the next morning or not.

This is THE stupidest thing I've read on /biz/ to date

>>16500108
Monero has some of the dumbest FUDers.

>>16500108
>spend 2 years jerking off and waste 1-2million $ on random features like RandomX instead of research on removing ring sigs (there's ~ 5 different zkSTARKS without trusted setup which XMR could use)

>>16500098
dude, 99% of people need a jacket, not a bulletproof west, understand this? the 1% who need a bulletproof west want it to be bulletproof 100%.

monero is a jacket and will protect you from a bb-gun, but not from a bullet.

every anon in here who thinks they are going to make it by the end of the next bubble by holding XMR is clueless

the writing is on the wall that coins that at least try to appear to be regulation friendly are the way to go. remember muh china guvernmint pump?

Universal Protocol. That's how you'll make it.

XMR is unironically a good buy but its not going to mean much until 2028 probably, that's when the world will go to shit (its got much more to go trust me)

>>16495107
But also tax evasion, money laundering, the likes

In all seriousness if you don't believe people should have the freedom to transact in private you're a fucking commie, unironicly

>>16492247
Is that you fluffy?

>>16497708

DUSK makes Monero irrelevant. Jump ship before it’s too late.

>>16490147
I do not want to go back onto binance with $20,000 USD EVER AGAIN