/biz/ - Business & Finance

>>17347288
The feds hate it.

It is unironically the best crypto, talking in terms of crypto's intended purpose. Its one of a few projects that will last the distance imo.

>>17347288
could be banned anytime in US and 99% of population would shit their pants. They don't need to know your address, just that you own any by getting data from microsoft/google. Only real criminals and power users will be ok and they wont be able to sell this shit for legal cash anyway

>>17347305
good sign i guess, so it has a purpose in hiding wealth and buying illegal shit

>>17347360
and BTW it will be only getting worse in coming years with AI and mass invigilation, intel backdoors etc. The technology evolves and the traces we leave now will be easy to obtain in the future. Just saying.

>>17347360
if they can cash out in japan, Switzerland or just any country without a meme currency, that would be fine

>>17347363
Or it being an actually digital cash.

>>17347374
So when buying coins you don't want taxed in future trades, be sure to convert your new funds to Monero and bounce them around a few wallets, right?

>>17347288
it's probably untraceable since glowies are constantly shilling and doing smear campaigns against it with the pedo bullshit.

>>17347475
What if that's just what they want us to think, so we keep using it?

>>17347536
Like someone already said, they can track you if it’s purposeful using Microsoft/google. Things like tor and monero make it impossible to pinpoint. Think of it as a thumbprint. So long as someone is trying to find out when the thumbprint is used, it’s trackable. Once it becomes thumbprint-less, nothing to search for. Monero doesn’t even show volume amounts which is genius.

I have an "unknown amount of Monero" anon.

In the same vein, How hard is it to track transactions if you use DeFi to swap currencies from different blockchains? Volume seems like the only plausible way to do it, but there must be shitloads of transactions between things like BTC and ETH so combine it with price differences and fees only really huge amounts would be easy to follow.

>>17347536
I doubt it the community seems to be full autistic , go ask for help and they will tell you that you are retarded and need to read the documentation.
Reminds me of bitcoin in 2013-2014, the people there truly care about anonymity and are very passionated about it, also it's the only coin that is taking descentralization to the extreme by pushing for things like randomX.

glowie honeypot would be centralized, not developening technology that helps cryptos to be more descentralized.

>>17348107
>Bump

Anyone?

>>17348107
It would be quite difficult since one XMR has no public ledger and two the transactions made with XMR are mixed with others so it's very hard to tell who's sending how much and where. Amounts won't matter to much. If you're going from Eth to XMR then you're transaction is safe. But going from XMR to Eth is more risky due to the public ledger. At that rate using fresh addresses will be a must if the government really wants to track everything. And coin mixers really have proved their worth after 2 major ones have been shut down one on the darknet and one of the clear net. So either DeFi is the key or else coinmixers will still be used to ensure anonymity.

>>17347344
im not understanding how electronic money CANT be untraceable. true untraceable money would have to be physical like cash or gold

>>17349187
can*

>>17349187
Monero is very difficult to trace you'd need the transaction hash to do it and only you and the recipient have that info. Check out the XMR block explorer. I was just looking up my address on there and this what I got.

>>17347288
the jews are seething

>>17349187
>>17349230
And here is a transaction from a mining payout from nanopool. I have to post the link since taking screen shot is terrible on my phone.
https://xmrchain.net/tx/acd86327f365595839dc718b82efae63e375a88583da7ae2d23198f16b348e81

>>17349145
many mixers are compromising or honeypots. i dont trust them.

>>17349274
Right now they are since the CIA and FBI see how crucial they are to criminal underground. Give it time and a few trustworthy ones will pop up again

>>17347461
Glow harder, Tyrone from Langley.

>>17347461
>So when buying coins you don't want taxed in future trades, be sure to convert your new funds to Monero and bounce them around a few wallets, right?
Not really necessary to send the monero to different wallets but you could if you want there's no harm.

>>17347461
even shuffling around wallets is unnecessary but you can if you want.

>>17347288
Probably the best privacy coin. I like BEAM too, but they have a lot of work to do.

>>17347344
>cryptos intended purpose
Stop trying to get us all fucked because you don't want to pay taxes

>>17349490
The ones who don't wanna pay taxes are far and few between anon. Especially if you're in the us with the IRS having the executive power to fuck you hard with fines and prison time. So let's say maybe 2% of people in crypto want to avoid taxes there's still 98% of people paying taxes and submitting to the gov. Megacorps are committing way more tax evasion than anyone in the crypto space could ever manage.

I love Monero and I hate the Police State we currently live in the US. Not trying to fund, just giving what I know is coming, regulation. XMR can't be regulated so the US will ban it. Don't try to tell me why that's a good thing. The price will plummet to $1 in a week. Again, fuck regulation, XMR is exactly what a Crypto currency should be. And I'm willing to put my money where mouth is on this. Where can a Land of the Free citizen short XMR. I think it will be banned in Q3 or Q4...

>>17349601

Don't be so naive. 2%?! I guarantee you over 50% don't even bother to mention any Crypto holdings on their taxes. Mega corps use legal loopholes. Joeblow just says fuck it and doesn't pay capital gains. The IRS is going to fuck Joeblow up the but.

>>17349668
>. Don't try to tell me why that's a good thing. The price will plummet to $1 in a week.

I doubt it anyone can buy xmr with electricity due to randomX.
And it will have the lowest inflation of all coins by 2021 by a shitton of difference.

I think the us banning it and this shit going up non stop will be the ultimate btfo from crypto to the police state.

>>17349668
Or it could cause a short term price spike as people want to get in on it so they can sell to desperate burgers. P2p exchanges and a VPN can swap Monero for something legal easily enough. Failing that, there's always Bisq or similar.

It would certainly hurt the price overall, but the way alt-tech is going, governments are going to have a harder and harder time controlling the internet. The harder their grip, the more it'll slip.

>>17349710
Regardless the IRS isn't going bother going after small fish. Whales and traders are their main goal since they can rack in the tax money. Especially when most traders are using bots to trade.

>>17349738
I think such a ban would be incredibly bullish, places with low banking usage like venezuela or argentina have seen massive rise in p2p crypto usage and the localbitcoins data show that's the case(and localbitcoins is a dying shit site for the last year and half with better alternatives).

I think we underestimate the people in power they are 100% aware that such a ban would lead to people trading it in cash making it untaxable and 100% anonymous.

>>17349869
True. 'The crypto the government doesn't want you to have' combined with the spike in awareness and promise of privacy would help. Don't know how much that would do to offset easy access by US buyers.

>>17349713
>I doubt it anyone can buy xmr with electricity due to randomX
If you meant mine, then you could if you have the new Ryzen cpus they're quite efficient for mining xmr and the electric costs aren't prohibitive as gpu mining was. Having a 3700x mining on randomX is still profitable if your rates are lower than say 12 cents a kw

Sure, they could say it's "banned", but anyone can buy any coin on any of the thousand sites which offer fiat to crypto and trade it for xmr on any other site. I don't see the problem. They either ban all crypto or do nothing. They won't use google tracking to go after a guy who buys 10 xmr or whatever

>>17349869
I haven't been around for a while. What are some good alternatives to localbitcoins?

>>17350154
>I haven't been around for a while. What are some good alternatives to localbitcoins?

reddit.com/r/Bitcoin/comments/dyclf8/list_of_bitcoin_persontoperson_p2p_bitcoin/

Localbitcoins is dying the week they increased kyc regulations the volume in fiat collapsed, interestingly the traded ammounts in btc collapsed even more meaning that the supply in the market is still being devoured.
Ironic that statecucks castrated the only p2p market that openly shared data and statistics.

>>17350134
Even if you have relatively old cpus it can be worthy, money is nothing more than a proxy for energy that we use as a medium of exchange.
With randomx anyone can exchange electricity for hard currency.

>>17349230
even with the transaction hash you can't actually trace anything. stealth addresses + bulletproofs + ring signatures = untraceable

>>17347288

the only alt coin worth anything.

As regulation ramps up the crypto OG's will want anything that means they can avoid taxes to cash out, no matter which of the other shitcoins comes out top. I've done some meme triangles on the price and lads, it's going to an unknown amount.

If any actor owns a majority of mining and coins, they can spam fake transactions making real transactions traceable. It's not infeasible some state actor has done this already.

https://steemit.com/cryptocurrency/@anonymint/is-monero-s-or-all-anonymity-broken

>>17347288
Best crypto. Unifortunately, the best product rarely have success. It is copied, and the copy has success.
Also, it still has some user interface bugs, and could be faster to update, even connected on a remote node.

Has anyone done a stock-to-flow chart based on Monero's tail emission?

>>17347288

Yes of course, why do you think fluffy left? Ans why pedo are all using Monero right now?

Enjoy the van.

>>17353082
Unironically Bitcoin circa 2012

>>17347360
Ban transferring encrypted data between two people? Isn't that against freedom of speech?

>>17352333
51% attacks aren't anything new and are hard to pull off.

>>17349187
99.95% of everything you do online is traceable because you're all part of a massive spy net. Every kike-owned tech giant, every ISP, your OS, your browser, your phone, it's all tracked from the base level. They're all working for the same central jew government. Transferring payments through Runescape isn't going to make this secret to anyone who's actually looking; the best you can do is make things harder for low-level mercenaries and local police.

That last .05% that are aware have a chance to get out alive. They have to operate an an incredibly diligent level of opsec, operating systems that they compiled themselves, yet still they only have to screw up once and it's over.

>>17353082
> Ans why pedo are all using Monero right now?
How do you know.