/biz/ - Business & Finance

bought 100k

>>16874953
Would investors want to pour money into something that may be outlawed?

Buy SAFEX
Monero is a scam

Monero is cool and all, but its rate of return is weak.

>>16875008

XMR offers a direct and very real USE-CASE.
In times like these in our world this use-case might offer extreme value.

Remeber, this bull-run is about projects that already offer something practicable. Pure hot air will be left behind

Why would I invest in a “privacy” coin when it’s transactions were made visible until 2017? Why would I invest in a monero if we don’t know how many are out there and can’t tell if there has been coin forgery?

>>16875110
This

>>16875090
During the 2021 btc bullrun only 450 xmr will be mined per day.

You didn't hear that from me.....

>>16875110
So you're saying I should buy XMR, Eth, and NKN ? Three highly use-case based coins?

>>16875022
Reminder all posts related to Safex are made by an admitted tranny shitposter who offered to pay people to help promote it. Scam.

>>16875117
that's zcash monero tx are not auditable but the monetary supply can be checked to verify for hidden inflation.

>>16875138
Hi Rich, how you doing?

>>16874953
>when governments around the world launch a crackdown on cryptocurrencies, Monero-like anonymous coins will have great use cases to offer.
what use would monero have if you're not a purveyor of cheese pizza?

>>16875183
>what is cash useful for

>>16875183
Corruption,tax evasion, illegal purchases, laundering, tariffs evasion, wealth transfer etc

>>16875183
due to randomX allowing anyone to mine with cpus is about to become the coin with the biggest liquidity around the world.

So far only btc managed to create p2p markets like localbitcoins sucesfully , monero will succeed in doing that too due to randomX creating liquidity around the world instead of only were the asic are.

Also it's going to be the coin with the lowest inflation.

>>16874953

Have you ever heard of the lightning network?

>>16875137

Don't know enough about NKN, but yes, use-case is THE factor this time.

Look back at the NASDAQ bubble in 1999/2000, every shit mooned, same like 2017 crypto.
But after that, only the projects survived who offered real use-cases and value.

So, my advice is: Forget all the ER20 shitcoins who promised the world to naive investors, and focus on PoW use-case projects like XMR, ETH...

>>16875207
>due to randomX allowing anyone to mine with cpus is about to become the coin with the biggest liquidity around the world.
except that you spend more in electricity because of botnets. no random x didn't get rid of all botnets.

>>16875110
If you count buying drugs, guns and child porn, then yes.

>>16875202
So pretty much like USD.

>>16875255

stupid argument. That were the only cases Bitcoin was used for back in the day, and still it got mainstream and is called the digital gold nowadays.

With the world getting into more conflicts, banks closing and governments searching for ways to control peoples capital and transaction, XMR's use-case gets more and more valuable

>>16875117
Are you a nigger

>>16875279
Yes but to do it with USD u need solid connections with banks. Monero allows the average man to do this

>>16875279
Almost, it will also be fee-less.

>>16875342
based

bitcoin will have confidential transactions and bulletproofs in like 18 months
monero will always be some obscure shitcoin that you mine on your gaming computer kek

>>16875996

> monero will always be some obscure shitcoin that you mine on your gaming computer kek

and what was btc in its early stages?

>>16876023
and tell me how will monero overcome their asic resistance design flaw
also how are they going to scale
you don't have enough developers or momentum to overcome these problems

so monero forks their mining algo and forever remains an obscure gaming card coin
or they will make blocksize flexible know that doesn't solve scaling problems

>>16875215

>>16876060
It's retarded.

>>16876084
These posts should fire up bitcoiners to compete with hardware node manufacturers
they're using raspberry pi4 and open source software
someone could sell those for half the price and still make huge returns

>>16876060
You clearly don't know what you are talking about.

>>16876234
yeah I've been through it thinking about every outcome and asic resistance is a meme
I can list 10 reasons why but it isn't worth my time
also monero transactions are larger in size than bitcoin so it'll have scaling problems
we all know if blocks get too big they break
I know monero has a weird incentive that costsinks transactions if the blocksize is growing too fast but the end result is a larger blocksize that remains constant if the demand remains
this eventually results in expensive nodes which centralize the system

>>16876280
Your logic here is miserable, if you said instead that 'monero transations take more computational power to verify so it will have scaling problems' i might have agreed and we could piss on this shitcoin together.

Also blocks don't just break like fucken eggs anon.

Man monero sucks quite a bit but I'm sure you could suck a dick through a straw.

>>16876407
obvious reddit user arguing over semantics and double spacing
what about bandwidth anon ever think of that?
see we can bring up any number of problems it doesn't make you smart fag

>>16876453
keks, you really got me anon, someone still shit posting on /biz/ who literally forgot to add half of his argument to his blog post telling the world where monero touched him called me a reddit-using double-spacing unsmart fag who'se unaware of bandwidth.

>>16876453
We are nowhere near the bottleneck, so why cry about it. You may buy 12 TB ssd and bigger today, connection are getting faster too. You live in a shithole and want use monero? Use a remote node. Updates are coming for faster verification time too.
Better monero than crippled btc with daydreamers lightning network.

I understand using xmr but not holding it. If I need it, I trade btc for xmr and buy whatever. I do not need to hold it.

Monero vs pirate chain - ARRR wins by miles!

>>16876848
>I understand using xmr but not holding it
your BTC balance is visible to the whole world. Good luck with that.

What's a good time to buy monero? When it's below $50?

>>16876848

You don't NEED to hold anything. You hold an asset or coin because you think the demand will rise in the future.

What are you even doing in biz?