/biz/ - Business & Finance

Lowest inflation in crypto.
Dark net usage increasing because drug use increases during recessions.
Dandelion ++ and ring sig improvements this year.
>tfw comfy

leading the way as it should

>>18283245
BNB has better roi over past 2y.
Give some charts m8.

Use this: https://coin360.com/
Give some proof.

>>18283245
Fluffy Pony is so fat and disgusting why the fuck is he married to such a hot milf

>>18283346
EVERY BLOCK THERES LESS LEFT
EVERY DAY MORE DEMAND
AN UNKNOWN AMOUNT ALREADY BURNED

HOLD ON TO YOUR BUTTS

>>18283405
>shilling an exchange coin
Nobody cares about short term gains with Monero. We aren’t stinky pajeets. We are long in Monero because of its use case, which exceed every other crypto.

Is this a good price to buy in at, lads?
Or is $45 a better one

>>18283632
This
And what is a make it stack in 3 years?

>>18283583
Not shilling, but urging to use available data.
Even ETC had better returns over past 2y.

>>18283632
start dcaing if you want, personally I believe every crypto will tank during this recession, might be wrong, still have a small make it stack I haven't sold just in case
>>18283739
easy way to figure it out is ask yourself how much bitcoin would i have to have to have made it right now, and that's the number of xmr you need; 200 minimum for me

>>18283807
>personally I believe every crypto will tank during this recession,
sorry for the stupid question, but I thought we had already entered it? Do you mean that it might seriously tank soon as the recession progresses?

>>18283807
Any specific data you have to predict a 100x from here in 3 years?
Or just best guess?

>>18283859
It's generally hypothesized that XMR is seen as the second most desired cryptocurrency behind Bitcoin due to it's usecase, so we believe that a .1 BTC ratio is realistic. Currently, we are at a .008 ratio. We expect that to improve over time due to the low inflation, use cases, increasing demand for privacy, and tech improvements.
>>18283830
Yeah I mean I don't really like to respond to price analysis questions because it is impossible to predict, especially in the short term. I have no idea. We can see the price drop to 30 tomorrow, or we can see it slowly rise in the near term. I'm more interested in looking 3 years in the future than two weeks.

>>18283830
I believe crypto is mainly used for speculative trading and gambling right now and there will be little demand for it when unemployment is at 20%
>>18283859
a guess, it depends how long this recession lasts

>>18283919
For XMR I see a different trajectory than BTC, but just a guess.
BTC saw darknet adoption and then chain analysis issues arose.
But where BTC never took over was men hedging against divorce, people in borderline countries hedging against collapse etc.
I think XMR has a real chance of taking those markets.

>>18283956
>But where BTC never took over was men hedging against divorce, people in borderline countries hedging against collapse etc.
>I think XMR has a real chance of taking those markets.
You're 100% right on that anon. IMO, the "swiss bank" concept is something that over time will become realized as adoption increases.

>>18283346
Darknets hate dealing with monero kek

>>18284095
Why?

>>18284080
Gib more milkers

>>18284095
Yet they still use it... Why? Because XMR is just that good.

I mined a few of these before RandomX and I've been accumulating ever since. Great project, if you don't see XMR sitting at like $400 AT LEAST in then idk what to tell ya

>>18283245
Gonna buy some Monero

>>18283245
Undervalued 4x to 5x.

>>18284095
That is not true. You can say that the majority still uses Bitcoin, but Monero is sharply growing. And it will continue to grow because it is far greater security/privacy than bitcoin.
https://www.bitcoininsider.org/article/83179/darknet-markets-flourish-white-house-and-empire-toast-milestone-achievements
3/2/2020
>When news.Bitcoin.com reviewed White House Market (WHM) in January, the site had 6,000 listings. That number has now swelled to 14,000, and there are also 60,000 users of the monero-based darknet market. Notably, the number of WHM listings is now roughly equivalent to Empire. In a signed PGP message celebrating six months of business with nearly 100% uptime, WHM’s admin thanked the community for their business and support. In a thread on the market’s Dread board, users praised its good customer support. “WHM has been my go to market the past month or two. I urge everybody to switch over and learn to pay with XMR,” urged one. “Best market since Dream,” added another.

>>18283570

>>18284103
Bitcoin is already well established and essentially has a monopoly on the darknet. It's easier to work with when it's what 95% of the users accept there, plus some people simply don't like using xmr whether it be the wallet or the coin itself.
>>18284147
From what I've gathered there's very little interest in actually adopting monero as standard, though it is being used heavily by some as a cleaner for bitcoin. Time will tell, I like monero as an idea but bitcoin is undeniably king.

t. Darknet degenerate

>>18284095
Monero is easy to use, much easier than bitcoin if you want some degree of privacy.

>>18283919
>tech improvements
>can't even sync up a few weeks on a rotating hard drive in less than literal fucking hours

pick one.

>>18283245
>hobbyist project
>winning
Pick one faggot

>>18284296
>uses hdd
Why don't you sync it on your super nintendo?

>>18284245
I thought bitcoin usage decreased due to the police proclaiming they could trace it somehow but it might have been a rumour

>>18284245
You will start noticing more vendors preferring Monero over time. It is inevitable with chainanalysis getting better and better. And at the least, Monero is, as you said, being used to clean Bitcoins. The arguments in favor of Bitcoin being private are non existent.
I agree that Bitcoin is currently king. But Monero is a simple alternative that newbies can quickly use that guarantees total privacy.
Probably the biggest hurdle is liquidity issues. Like if Coinbase were to add Monero you would see an somewhat immediate shift imo.

>>18284322
For a cryptocurrency to advertise itself as 'secure. private. untraceable' they've seemingly got a massive blindspot for the fact that ssd's don't erase even remotely the same as hdd's, or even mostly at all unless you want to spend literal fucking days wiping it.

it's as if they want to force people looking for security into using remote nodes.

>>18284500
Keep your blockchain on the ssd and your wallet on the hdd.
And there is nothing wrong with remote nodes if used over tor.

Folks have to understand the connection of velocity of money and market cap. Currency X can have wider use than currency Y and still have lower market cap because of velocity of money. Understand that bitcoin is worth so much, because it is hardly used and mostly hodled. Monero gets actually used, velocity of money is higher, therefore marketcap is lower. It is still majorly hodled, but not as extremely as bitcoin. The fundamental value of monero based on darknet usage is less than 20 million usd market cap.

>>18284605
Holding is a legitimate use case.

>>18284500
I personaly have a ssd node running 24/7 and remote connect to it if needed.

>>18283245

the only alt coin worth anything

>>18283583

this, long BTC and XMR and short everything else including scam exchanges like binance and their scam token

>>18284095

they do? what's so hard about using monero? lmao you're just making things up

>>18284604
>tor

lel now i know youre fucked

>>18284677
But are you secure, anon

oe do you just think you are?

>>18285028
>>18285037
Better than using a public blockchain, visible to everyone in the world till the end of time.
What is wrong with using tor?

>>18285139
OK so use a public blockchain where increased security is completely possible because i can still use hardware that wasn't manufactured this fucking millenium of hope on the bandwagon of fucking otherwise worthless fuckwits and have my shit stolen from me due to shit fucking security.

Also this isn't a fucking either-or you brainlet this is a choice between 5%-95% distribution of the portfolio and a 15%-85% distribution of the portfolio.

Please tell me exactly how you know tor is in any way, both secure and untraceable and not just an alternative way to get fucked, other than people've told you so, along with the developers've told you so and maybe i'll get into some details.

>>18285261
>OK so use a public blockchain where increased security is completely possible because i can still use hardware that wasn't manufactured this fucking millenium
Just use a remote node with your super nintendo, still better security than bitcoin.

>>18285261
all connecting to a remote node will do is show your IP address IF you are connecting to a remote node that is an adversary. No financial info is shown. No data of the transaction. So while not ideal for people who want to be completely secure, it is still a hell of a lot more private than using a blockchain with a public ledger, where somebody can literally go over every transaction you have made, and see where you sent your money and where you received it.
idk what hardware you are using. perhaps download the blockchain and bootstrap?
>use a public blockchain where increased security is completely possible
Bitcoin will never have better security that monero. It would require numerous hard forks that would never happen. Same with Ethereum.

this will likely be of interest to you anon: https://www.monerooutreach.org/stories/dandelion.html

>>18285629
>>18285629
Except:
1) Must be able to connect to a likely insecure network, through some shit-retarded router for whatever fucking braindead reason
2) Connecting directly to a computer that's running the blockchain I've copied from an SSD instead of copying directly to the computer.

why the fuck would I bother doing this over syncing on an HDD?

>>18285732
>connecting a secure computer to an insecure computer by route of LAN

yeaokbud.jpg

We're talking about security here, you know?

>>18285778
Buddy, why don't you just stick with fiat?

>>18285790
Why are you paranoid about the security of your hardware, but at the same time so careless about the public transactions of bitcoin you use?

>>18285856
I don't think you realize that fiat is much less secure than bitcoin and monero?

Fuck off muppet you got shit all to add here.

We're talking about the securty model of braindeads optimizing SSD-based blockchain models over HDD-based blockchain models, not that you'd know what that means outside of 'monero-good', or 'monero-bad' and i just don't have the time to speak at you like you're four years old.

>>18285913
Privacy and untraceability are not within the scope of the discussion. Go find some play-dough or whatever the fuck it is kids play with these days.

>>18285932
Moneros database LMDB is a very fast one, faster and more stable than bitcoins. The intensive harddisk requirements are due to ring signatures, one of moneros anonymising techniques.
If you want to use outdated hardware, you might, but buddy please stop crying about waiting times then. On todays hardware you need less then 12 h to sync the full blockchain of monero.
It might be that this hardware is flawed, but you have no proof that your dated hardware is not.

>>18285790
Let's say the feds decide they want to track you. They would have a hell of an easier time following you on a public ledger than on Monero. Like, across the board, one can follow every single payment, when you made it, who you sent it to, etc.
With an IP leak -- and by the way, you can connect to one of the reputed nodes like at monero world instead of a local daemon node -- assuming that the node you connect to is an adversary, all that would be given is an IP address at a certain time. It would not show your payment amount, who you sent it to, or even the wallet address of where it came from. So while not completely secure, it is pretty damn safe all things considered.
>>18285932
you're projecting and swearing like a child anon. But notwithstanding, ssd is faster. so of course it would be easier to download on an SSD. What do you mean by hdd-based blockchain models?

>>18283245
Just don't understand why ppl are using xmr over Zano. Like you could use zano , who's 100 times better than monero in any situation, but ppl are stuck with an old shit

>>18286069
Wow, 54 posts before a stinky pajeet. That's gotta be a new record. Very bullish tbqh.

>>18286069
Hahahahahahahahaha

>>18283346
>lowest inflation in crypto
that's where you're wrong kiddo
NANO is fully distributed

>>18286252
Fully distributed into developers wallet.

>>18283956
>>18284080
Exactly this
It is a safe haven coin and the project is not interested in mooning but simply having a stable maintaining of value/natural rise in value. It is a hedge crypto, I love gold and silver but those assets are more easily taxed and also more likely to lose you at least a little of your money than monero.
This is personally my favorite project, it genuinely excites me.

>>18283245
>>18283346
>Mfw have been mining for two years now and now i'm financially ruined

>>18283245
NOT BUYING YOUR BAGS, FAGGOT

How to mine monero with cpu:
Download xmrig .zip folder for ubuntu linux (it's on github)
extract files and look for donate.h file
edit, scroll down, change min donate level to 0
save and exit
in terminal, go to xmrig by typing and entering: cd ~/your file path/xmrig
type and enter(include the two dots): cmake ..
mkdir build
cd build
in this build folder you made, in terminal type: make
go to xmrig github and use the wizard along with a monero wallet address to generate the command to run in terminal
in terminal (use cd to get into your xmrig build folder) copy and paste the command
mine monero
save your mining command so you can start it again easy if you restart

>>18286429
i understand that use case, but unless the exchange sends you physical fiat notes by mail, how will you justify the incoming money on your accounts to the IRA (or whatever else according to your country of residence)? nowadays these kind of suspicious transfers are taken very seriously, including by automated processes
unless of course, you expect to be able to buy everything you need in the future directly with xmr. which may or may not happen

>>18287789
You can do exactly this with localmonero.co
You can also get usd and euro fiat through kraken and declare a low cost basis on your taxes

>>18286309
There is as much evidence of that as there is of Satoshi pre-mining more than the original 1 mil. Nano is on par with XMR and BTC. These three are the royal family. Show some respect.

>>18287921
nice
>>18287764
mining XMR isn't profitable unless you're essentially stealing electricity. better buy directly $X amount of xmr instead of spending $X on your power bill to get less.

>>18284738
>scam exchanges like binance
So how else can you value, and\or trade coins ?

Bump

Anyone solved thue Guinnes puzzle?

>>/biz/thread/S18252924

The solution gives how to know when XMR is bieng dumped by Botnets.
Never saw the answer, I could delve into this but it will take time.

>>18284500
is this a joke? ssd is flash, it gets wiped as soon as you delete a file, provided you have TRIM enabled which is almost always on by default.

you better drop a serious redpill otherwise

>>18287989
ahhahahahahahahha

NANO

hhahahahahhahah

Anything that isn't secured by POW isnt worth a dime.