/biz/ - Business & Finance

>>18406662
what happened to the MONERO: THE KING threads?

>>18406667
I vaguely remember those threads from the bull run, right?

>>18406662
if monero is so good, why can't fluffypony afford a personal trainer?

>>18406662
Daily transaction volume has increased 3x since january last year, but price is stuck in the 50 usd range again. Looks undervalued to me.

:D

>>18406726
kek. well he made it so who cares at that point. If I ever make it, I'd probably just become even more of an alcoholic.
>>18406777
checked. and yeah, the daily transaction volume is the most bullish chart for Monero right now. In the past week, we were twice close to breaking our all time high in daily transactions despite a literal recession and bear market, and this past month has been the highest monthly amount of daily transactions. It proves that Monero is actually being used.
https://bitinfocharts.com/comparison/monero-transactions.html

can someone spoonfeed a total xmr nub? what wallets/exchanges should i use or does it stay completely private wherever it's traded?

>>18407851
You may use monerujo on android or cacke wallet. On a desktop I use the official cli wallet, but GUI is fine too.
Once the fundy are in your wallet, you are anonymous.
Monero has a small linear inflation, that will start in 2022. But despite the FUD the supply is not unlimited. In fact monero has the smallest inflation of all pow coins today.

>>18407851
exchange depends on if you want to trade in USD or BTC. Kraken is the best if you want to trade with fiat. You can just use unverified binance with VPN for BTC pair.

>>18406662
Isn't that the coin that fell behind LINK in market cap?

>>18406662

great! eating donuts, about to buy 10 more

>>18407851
my monero is a pretty lightweight wallet. The monero gui is also pretty cool. I've heard good things about cakewallet.
you can buy monero directly on kraken. Most exchanges have btc/xmr switches too. If you are really paranoid, you can use local monero.
>does it stay completely private wherever it's traded?
pretty much. Once you get Monero from an exchange, transfer it to your wallet. At that point, you are essentially anonymous.
This is for a few reasons:
1. Monero uses ring signatures. Meaning your transaction is mixed with 10 other dummy transactions. A person observing the block chain would have no way of telling which transaction is the real one.
2. Monero uses Ring CT, which makes the transaction amount unknown. (There's complex math behind this, but essentially it makes it so the amount of Monero you send is unknown to people observing the blockchain).
3. Monero uses stealth addresses. So instead of your public wallet address linking to your wallet, your public wallet address is mixed with the transaction, creating a one time address that only your private key can unlock. Because of this, it is impossible to know what somebodies wallet contains even if you have their public address.

>>18406662
Amazing
Awaiting a tsunami of money

>>18408074

this frens, who here XMR whale? and 4 digit+ holders?

what are your stacking goals?

i'm just trying to get to 100 at the moment :)

>>18408163
There are a few anons here with big stacks
Any man who interacts with women needs at least 100 in a wallet only he knows about

This levels the playing field

>>18408200

teehee :)

the biggest holder i've seen here is that guy that only holds btc and xmr and he has like 1000 BTC and 44,000 xmr or something insane like that

i'm in his camp though, it's bitcoin and monero and everything else is junk

>>18408237
I think theres an appeal to being a maxi but it causes you to miss a lot of value
That said btc/xmr is a reasonable portfolio especially if you dont want to spend a lot of time looking into projects

>>18408295

i just don't see any utility in any other projects with the proper principles to keep things decentralized

i don't like investing in scams

I wish ZKsnarks became the standard instead of monero's. The Privacy set is too small imo. Maybe lelantus will improve it.

>>18408508

nah, there will always be an infinite number of new coins coming out anon, you need to get behind a privacy coin with a community that started as early as possible, the later the launch at this point the more centralized the coin will end up being

>>18408508
10k txs is a small privacy set?

good time to accumulate boys

>>18408508
monero uses zero knowledge proofs called bulletproofs. And Monero's privacy set is far larger than every other privacy coin, so don't really know what you are referring to.
>>18408163
I unfortunately lost all my monero keys in a tragic boating accident :(
>>18408451
yeah. I think Ethereum has a lot of smart people working on it but the amount of scams is such a turn off.
>>18408892
yep. Anything under $100 is black friday super deal. Monero is absurdly undervaued.

>>18409394

$50 XMR is the deal of the decade for sure

bump

I will buy your bags when you capitulate at 0.0065 sats again, and then sell them back to you. Have a great day anon

>>18406662
shill me xmr against zano

>>18407929

link is a scam with no use case tho lol

>>18410880
Been around longer, better name recogntion

Has people actually using it to buy real things with

Solid, established community


Wtf is Zano again... literally ..

Not trying to be an ass .. but gl with your "come late to the party" shitcoin

And why the constant need to try to bring it up in Monero threads - that just makes it seem even scammier if it can't stand on its own.

>>18410880

what the fuck is zano?

really all you need to know.

why is monero so centralized?

>>18410935
>>18410953
some are saying the privacy is better, so i ask

junkies all around the world (including me) use xmr weekly.
long live xmr

>>18411027

they are just shilling you scam coin bags

>>18411022

meh could be lot worse, at least they are staking electricity and we control the nodes. to be honest it's more dev centralized than miner centralized

>>18411022
two mining pools occupy 59% of the network. So it's really not the end of the world, especially when the Random X fork just assblasted ASICs (and ASIC farms are really the biggest problem with centralization). All this means as that indiviual miners are, 59% of the time, choosing the two largest pools. It would be a problem if these pools were centralized organizations like Bitmain, but they aren't.
>>18411027
literally nobody is saying that except a pajeet hiding behind vpns. every time I explain to him why zano has trash privacy and I bring up the points other mentions anons mentioned above, I either get ignored or called a shill. So whatever.
>>18410870
>He thinks i'm selling

>>18406662
Appreciate these XMR threads. I'm slowly accumulating, and it's nice to see a coin thread without a bunch of faggots shilling and saying absurd $1000eoy shit.

XMR is definitely one of the legit projects. I just wish Fluffy didn't pull that shit with the pump and dump a few years ago. Really turned me off from the project for a while.

>>18411182

what did he do exactly? still don't really care since the project is pretty well decentralized

>>18411325
He announced an announcement.

>>18411397

lel ohhh god

>>18411404
Except there's more to it. He made an announcement that something was coming up in order to intentionally pump the price and cash out. After everyone realized they were played, he said some stupid shit like he did it to prove a point. It was fucking scammy as hell.

>>18411466
>in order to intentionally pump the price and cash out
Nah he was pretty clearly just trolling Ethereum and moonboys who kept diving into "new paradigm" scams. He'd gone out of his way to prove that trust is a liability, and you need to do your own research instead of dick riding on hype marketing. Here's a followup tweet he made: https://mobile.twitter.com/fluffypony/status/867514780617236480
To be honest with you though, at the time this happened I was pretty pissed. But after getting fucking shat on later by (in retrospect) blatant scams, I now appreciate what he did here. You are correct that the Monero community was divided about it, but there is no evidence he profited from this, as he has made it pretty clear what his intentions were in his follow up.

Off topic. I may have bought some grin. What would you think about that?

>>18411819
grin wont make you money, the inflation is insane. get beam instead, its another MW based coin.

>>18411727
he made the point but saying shit like "im not the leader" is retarded.

>>18411819
Mimblewimble is cool so you could do a lot worse. It has issues.

>>18406662
Zano doing fine thanks for asking. Soon enough xmr will go back to the ground, where it belong

>>18410880
>zano
Zoidberg, the original creator of cryptonote is behind zano. So you can expect all the flaws of monero to be fixed with zano

>>18412963
Have you managed to find a vendor or merchant that will accept your shit coin yet raj? I know you’ve been looking for weeks to no avail. Kek

>>18412963

is this what the derofags moved on to?

>>18412963
The author of the cryptonote protocol is anonymous. Why is this always repeated.

>>18411466
>>18411727
Decent joke and I'm sure he didn't trade it but I know his chink friends would have.

Funny thing is people weren't mad when he announced the announcement. If he used the "announcement" to talk about any of the ongoing development work (of which there was lots) then people wouldn't have been upset. He used the announcement to prove a fundamental point about Monero development happening transparently and out in the open while also demonstrating how stupid and superficial all the other projects are. Bullish long term but that's definitely not where peoples heads were, which is ironically what prompted the joke.

>>18409394
>monero uses zero knowledge proofs called bulletproofs. And Monero's privacy set is far larger than every other privacy coin,

Totally false.

>>18408508
>>18415323
Name something with a larger anonymity set.

Zksnarks or starks or whatever are not even off the table for Monero. Monero has hardforked in plenty of changes to make things more private. If zksnarks developed to the point where the tradeoffs were worth it, it is likely Monero would implement them.

Churn your outputs if you don't think the current setup is private enough for you.

What price do you guys see XMR in 5 years?

Is Free-Monero.com a scam?

>>18416034
The dominant distributed pow crypto will be worth 1tn by then
My money is on xmr being that crypto

>>18416034
I don't know. But I feel that the price will start to climb in the coming weeks and we wont see such low prices ever again.

>>18416041
Do pajeets poo in the streets?

>>18416034
Low 4 digit range. Unless another cryptocurrency can displace it by offering private by default transactions without the hassle of downloading the entire blockchain. If that happen, it'll hover around a few hundred dollars indefinitely as a speculative asset without being actively used for commerce.

>>18417606
You don’t have to download the entire blockchain. Though you do get a little extra privacy from ip leakage and other benefits from running the network, it’s not required for the vast majority of users. Lightweight wallets like my monero are fine and safe.

>>18417606
Just connect to a remote node over tor. It light and fast.

>>18406662
Fine, thanks, and you? I'm waiting for XMR to head south of $30 before I buy. Why would you hold this now?

Suterusu's in-between cycle will do you much better if you wanna hold shitcoins. This is essentially just like holding BTC / ETH at this point. Why bother?

Just buy SUTER mang

>>18417649
>>18417737
Yeah remote nodes are perfectly fine and very private. Being able to download the blockchain and verify the supply is a good thing but it's really autistic shit that 99% of people don't need. It's like wanting to audit Fort Knox before trading gold.

>>18406662
Is this a bottom?

>>18417760
Pajeet shitcoin, that’s why