/biz/ - Business & Finance

>>18181590
But XRP, LINK, CRO, and MCO.

>>18181590
>imagine investing in outdated tech that is broken which even devs admit

PirateChain ARRR is the most private coin to date.
And it's safe from 51% attacks.

pirate.black

So what's the consensus on the possible banning of monero? Will it create value or make it worthless?

>>18181758
bitcoins are bamned in argentina and they go for a premium.
Im not sure about monero though.

>>18181590
I have 150 MONERO

When will I make it?

>>18181613
stinky pajeet
>>18181640
Arrr is way, way behind in terms of development and community. It's an okay side project but that's about it. Calling it "the most private" is flat out wrong. Monero Devs do not thing ring signatures/ringct/stealth addresses are outdated, and calling monero outdated tech is blatantly wrong. Monero uses ring signatures because it is actually scalably realistic in this current time and still completely private. In the future (likely ~a decade from now) they will move towards zk transactions but it is not possible to have this AND have built in privacy in the base layer.
Monero has the largest amount of daily private transactions of any cryptocurrency, and this is by a massive amount.By that measure alone, it is king of privacy crypto. Also don't understand your "safe from 51% attacks" criticism, considering Monero is POW and forks to preserve asic resistance...
>>18181758
This criticism was all over Bitcoin a decade ago. What happened? Well the thing is government can't ban a cryptocurrency. They can make it difficult to cash out, but that's about it. A good way to think of it is with regards to torrents: It is completely legal to use a program like utorrent, however utorrent can be used for the illicit downloading of movies. In that regard, the government can prosecute someone. But the service is still very much used. In a similar manner, if someone uses Monero they need to report their taxes, and if they don't and the government can prove it, then you can be prosecuted. Fluffypony has mentioned he is working with a team of lawyers to essay a guide that goes over why Monero is compliant with AML/KYC, which should be public shortly.
Additionally, Monero being banned would be bullish because it would prove it's use case. Streisand effect.

>>18181889
NGMI. Only bitcoin but nice try though.

>>18181954
>Fluffypony has mentioned he is working with a team of lawyers to essay a guide that goes over why Monero is compliant with AML/KYC, which should be public shortly.
>Additionally, Monero being banned would be bullish because it would prove it's use case. Streisand effect
This tells me it will indeed be bullish in the future. Good to know. Also its usage in drug markets will mean that people will keep buying it or looking for it unless there is a competitor in that space

I guess now would be a good time to stock up as it's hard to tell when this bearish period ends

>>18182054
>competitor
>Zano

>>18181957
This is a big concern of mine. Am I better off just owning BTC? Will I miss out on a moon mission by sticking with XMR

>>18181957
I'm a top 700 link whale

So kill yourself, bitcoin maxi

>>18182088
Monero is what normies think Bitcoin is. Monero is currently only worth .0074 Bitcoin. It is insanely undervalued and will show massive gains during the next bull run, especially from people looking to shield crypto gains into a crypto swiss bank.

>>18181889
unironically ~2023

but anyway monero chan is cute. CUTE

I like zcoin

>>18182772
zcash chan is cuter than zcoin..

>>18182810

No privacy by default

Possibly not trustless

>>18182870

>>18182870
>No privacy by default

Gonna add this to the list of buzzwords like "digital gold" and "Store of value".

>>18181590
Monero is the only crypto with an actual use. Problem is governments will eventually ban it because ((finances terrorism)) or some other dumb shit. Legit exchanges won't exist and it will become impossible to trade for fiat.
Land of the free.

Finally a thread for a real crypto. Tired of the stinky linky shitcoin threads.

>>18183059
and yet the only reason zcoin is improving because they have implemented recent protocols that are not trusted setups. if you're going to shill for zcoin at least understand that optional privacy is fucking retarded.

>>18183147
>optional privacy is fucking retarded.

What do trusted set ups have to do with optional privacy? You're just throwing words around like a chimp throws shit.

>>18183162
nothing, but sigma is built into the layer is it not?

>>18183277
*base layer

>>18182326
I'm betting on people eventually realising this. People just have no idea how unworkable bitcoin and every other crypto is. Shit is hitting the fan now and people will need something that actually works, not just bullshit ponzis.

>>18183277
Yes, sigma got rid of (as far as I understand) the trusted set up.

>>18183067
It is going to be used outside of USSA. Also CIA needs it to fund their little projects.

The way I see it, it's the only crypto that is actually being used as money.

>>18183349
Right. I'm not following zcoin at all really but in a previous thread someone mentioned it (assuming it was you) and I did a little research and it appears to be a better alternative than zcash, for example, because zcoin is (from what I see) moving towards nonoptional privacy. But I only looked into it briefly so I really can't confirm if that is accurate or not.
But from a privacy standpoint, this is crucial for a cryptocurrency because it means the currency is fungible, which is the ideal goal that we must have for digital cash. "Buzz word" is a pejorative. Why is built in non optional privacy a bad thing? Do you think that fungibility is a bad thing?
Because ideally you want large anonymity sets where it is impossible to tell apart every transaction, because everyone is using the same service and the same parameters. This is something that every advocate of privacy crypto should agree upon. If you have something like zcash, where 99% of the transactions are nonshielded, then the "secure" transactions stick out like a sore thumb.

>>18183067
What is to stop people from collectively agreeing to exchange monero and then just using it no matter what anyone else says?

XMR is definitely one of the better cryptocurrencies out there. There needs to be more fiat on-ramps for it though.

>>18183574
From what I understand, optional privacy is only a problem for Mixin setups like monero because the anonymity set suffers if not everyone uses the privacy features. But with zcash and zcoin you can have optional privacy because the anonymity set is still very large even if you allow it.

>>18181590
tHaT iS a MaN.

>>18182117
sir
give 100 LINK please dearest sir

>>18183855
I was looking on Litebit and for some reason they didn't have it. I wonder why.

>>18184044
nope. every monero transaction currently has a ring sig of 11.
> the anonymity set suffers if not everyone uses the privacy features
That's what I'm trying to explain to you anon. With monero, EVERYBODY IS FORCED TO USE THE PRIVACY FEATURES. That's why optional privacy is a meme. The anonymity is strong because Monero has about 10000 transactions a day that all share ring sigs of 11 (and also ring ct and shielded addresses). And therefore as monero grows, it becomes even more private. (And fwiw the ring sigs are going to be updated this year to increase in size and scalability).
>But with zcash and zcoin you can have optional privacy because the anonymity set is still very large even if you allow it.
Lol no. I know for sure that zcash sheilded transactions are only ~1% of all transactions. Don't know about Zcoin but if it is mostly optional then it will be similar. And virtually every example of optional privacy in any medium will show you that the vast majority of normies will not take the time to learn how to use the advanced privacy features.
Basically, privacy needs to be built in so the layman will be able to immediately use it. Monero is the only crypto to actually have that capability, and its what makes it so strong.
>>18183855
My tinfoil conspiracy is that Coinbase is accumulating Monero and waiting for the moon mission when they add it to their list of onramps.

>>18184516
*meant to say stealth addresses instead of shielded

>>18184516
I actually like this conspiracy. I've been watching xmr for a while and it's a sleeper compared to the other shitcoins. It's stuck around even after that issue where some miners were using asics I believe.

>>18184783
coinbase put out an essay at the beginning of the year saying that privacy coins are the future. How can they possibly say that and not endorse Monero, which has by far the largest community involved in the privacy scene? Fluffypony has even done presentations at their headquarters, so the whole thing is very odd.

>>18184516
Actually idk if they ever would since coinbase is on the US/govt side and XMR goes directly against the govt wanting transparency.

Only reason they'd do it is to track who originally bought XMR.

>>18181590
what do mushrooms have to do with internet money

>>18184856
I think it's more realistic that the feds are going to keep an eye on individuals who are affluent that aren't paying much in taxes. If they were to put a flat out ban on crypto -- which wouldn't happen but let's pretend it would -- then they would receive no tax revenue. People are still going to use Monero on the dark net like they already are.

Gov't still needs a private way to move money
That's why they'll want Monero around

catch 22 anon

>>18182810
Dash needs a qt 3.14 anime mascot now

>>18188036
this and i bet the police also appreciate the confiscated monero to spend on their budget

>>18188466
member the unknown amount of alpha-bay?

>>18181758
Make it worthless, can't cash out what is banned. Only deluded ancaps denie this

>>18188814
Cash out into what? Into paper? Why would I do that? you glowing jew