/biz/ - Business & Finance

It doesn't matter. Brand is EVERYTHING. Even grandma has heard of Bitcoin. Lightning scales better and will be private enough once PTLCs are implemented. Monero will be most obvious choice for pedophiles, criminals, men about to get a divorce, etc and normie society won't be comfortable with that. Bitcoin still has work to do breaking this mental barrier in mainstream society from the silk road days but is making progress.
Monero simply can't catch up.

It is better

Litecoin is better than both

>>18450712
Better in what way? It's certainly better in privacy

>>18450783
>men about to get a divorce

Now that is a brilliant idea

>>18450783
>what is MySpace

>>18450712
Scaling monero is harder because of all the privacy tech bolted on.
>inb4 bulletproofs
Doesn't solve anything

Bitcoin is the most well-known crypto by far. Bitcoin also has much greater liquidity. Otherwise Monero is better. It is fungible unlike BTC

>>18450783
Bitcoin fees are sqeezing normal people out from using it.

>>18450937
>second bailout
wtf

>>18450869
People didn't invest their personal savings in myspace, or create a philosophy behind their use of it. The friction to move to a new platform was zero.

>>18450937
I haven't sent a transaction for over 1 sat/byte in 2.5 years. Look for direct onboarding to lightning from exchanges within the year.

>>18451096
People absolutely created a philosophy of use behind MySpace (building social networks). Musicians and businesses used it heavily and it was the first social networking platform. They later dumped it for better services. Sure, they weren’t invested, but the vast majority of bitcoin users either don’t have that much invested, or can easily switch to another currency if they value another one better through exchanges.
Saying Monero will only be used by pedos and criminals is ironic btw considering Bitcoin had that same reputation when it started being used in early 2010s.

>>18450712
Ultimately monero will surpass bitcoin.

>>18450783
ok boomer

normies still think only criminals use bitcoin. they're too stupid to work a computer, let alone play with crypto

>>18450867
unironically i was thinking to myself that when I make it, i'm buying a cold wallet and putting in like 1-10k monero as a backup for dark, dark times

>>18451235
Yeah there's maybe 1000 asshats with serious money in bitcoin and they're literally all retards. I mean the Winklevii have a track record of getting cucked in these situations.

>>18451096
You think cryptos have network effects and social NETWORKS don't? Look at FB and Twitter today. They're not going anywhere. MySpace really was big but it hadn't taken over the world. By the same token, as big as bitcoin is, no one actually uses it. Bitcoin is nothing compared to the dollar so I have no idea what kind of lock in bitcoiners imagine they have when it come to network effects.

XMR is king.
Running the official wallet including syncing the blockchain: easy
using myMonero: even better (and maintained by XMR core developers).
Using XMR: easy and widely adopted (you know the marketplaces....)
Good investment: I don't think so. The power is the utility, not future price.
I still love XMR but only buy it for utility

>>18450712
XMR and SUTER are literally the way

>>18450712

Because It's for crime.

Bitcoin is for the opposite. It's a transparent honestly ledger

>>18450712
Unlimited supply.

>>18453471
I hope every pro bitcoin faggot like you gets hit by a train. Fucking dumb NWO cashless loving faggots go die already.

>>18453528
Technically and economically, the tail emission is one of the main benefits of Monero over Bitcoin.

>>18452676
Brainlet here, I wish it was easier to use with Ledger

>>18450712
the only problem I see is that transactions are so fucking huge (14KiB!!). If it ever is mass adopted, the blockchain will grow to TIBs of data…

>>18450783
Hi Adam

>>18450712
It is

>>18451623
you should do so.
have a monero paper wallet that I send 500-1000 EUSSR-bux worth of XMR to every month for when the inevitable happens and my wife and I get a divorce.

>>18454450
should add that I don't use exchanges, obviously. All with cash and either ATMs or trusted resellers on localmonero

>>18450867
> buy 10k xmr to hide fund from your ex-wife
> price crash and you lose 30% anyway

the problem with all these shitcoin is hat they have fluctuating value, make a stable coin with the same privacy as monero and you have a real winner
but the problem course is that fat neets wouldn't be able to profit by holding while sitting on their ass ...

>>18454332
>transactions are so fucking huge (14KiB!!)
That was before bulletproofs. Transactions are now around 1.8 KByte.

>>18454473
>make a stable coin
Tied to USD FED scam?
How about no, boomer jew.

>>18454551
yeah but that scam run the world and is accepted everywhere
you cryptotard don't understand that crypto will never see mass adoption as long as it has massive price fluctuation
it will forever stay a speculative market with no real world application

>>18454662
put down the computer chang

>>18450712
liquidity

>>18454662
The price fluctuations are growing pains. POW cryptos synchronize the costs for energy world wide. After that is done, the price will stabilise at 200k for bitcoin and 30k for xmr.

>>18454473
Stable coins are a scam.

Limited supply vs unlimited supply.

>>18450712

Buy Gold!

>>18454473
Monero is more volatile but USD is a shitcoin. If I was socking away money for some unknown time in the future I would definitely prefer Monero. Dollar cost average in and out if you have to.

>>18450712
no fixed supply, it has a gargantuan size and its best used as a temporary exchange coin

>>18450937
>0.2 cent fees scare normies
yea, no

>>18455726
All false.

>>18455349
i truly hate you retards who spout this shit. everyone in this thread will be dead before the last bitcoin is mined and a predetermined inflation rate isn't a bad thing.

>>18455744
Yep, as long as no one uses bitcoin, fees are low. Monero is already helping with that by taking over darknet transactions.

Brainlet here, what does fungibible mean in terms of memecoins?

>>18456570
Fungible means perfectly substitutable. A group of guys can leave $100 each on a table and it doesn't matter who takes what later because its all $100. Every atom of gold has 79 protons. There are different coins, jewelry, etc that aren't fungible but are fungible at the atomic level.

Transaction history of gold/cash doesn't matter. They don't hold information about previous owners.

Not with blockchains. With blockchains the value of a coin is derived from its history. The coin is its history. When you spend bitcoin you are transferring ownership of a transaction output that can trace its lineage back to the block it was mined in. If you can't establish a history back to a block reward then it's not real bitcoin. The problem this creates for fungibility is that each transaction output has a unique history. The different histories makes each output different and therefore not always substitutable. Take the $100 example but now with BTC paper wallets. One contains a freshly minted coinbase reward, the next carefully managed coinjoin outputs, the next outputs received from a poker site, the next from payments for ransomware, etc. You think those first two guys would be happy to take home any of the other paper wallets that nominally have the same amount of bitcoin? Fuck no.

Monero is still a PoW blockchain. Every output needs to be able to trace a lineage to a pow block reward. The difference from bitcoin is that every transaction has its history obscured to the point where each output becomes practically indistinguishable. Every tx on the blockchain goes to a one time stealth address, every tx amount looks the same, and each output is mixed in with many other outputs that exponentially increases the amount of possible paths for the genuine input each time a tx is made. Monero makes the inherently non fungible public blockchain fungible for practical purposes.

Also
https://monero.stackexchange.com/questions/1967/what-is-fungibility-and-why-does-it-matter

>>18456885
Thanks anon

>>18450712
When is it going to pump frens my hands hurt from holding these bags

Should I stay 50% BTC 50% XMR or go all in XMR

>>18457079
logic would demand holding 100% in XMR, so better go with 100% BTC.

>>18457922
What’s more likely, a 10x to BTC making it worth 70k/ea or a 10x to XMR making it worth $600/ea?

>>18456950
Noob.

one thing I worry about crypto is scaliblity. i've read somewhere that bitcoin can only process 7transactions per second globally. thats really not enough. is monero better here?

>>18450783
I agree but only with the brand part. Bitcoin dominance is assured for this bullrun which if it happens will more importantly renew public interest in crypto as a whole and legitimize it for many because it will mean that it survived the "dead fad" FUD.

After this run however bitcoin dominance will slowly wain as it was intended from the start, alt coins will become the new stock market. Faster, more efficient, large corporations will have their own cryptocurrencies, governments will either adopt their own digital money or be taken over by private corporations that can create a system of FIAT backed digital currencies that will eventually lead to fiat being used as often as we use gold to pay today.

This technology is an eventuality, and the fact that boomers are still delusional about it is very very bullish.

>>18458898
Bitcoin could transact more, but its software is crippled to 7 transactions per second. Moneros transactions are bigger than bitcoins, but it is not crippled. Monero can transact as much as the internet speeds allow to.

>>18458898
>is monero better here?
Yes
https://www.youtube.com/watch?v=ECqcf-Nyjmw

>>18450712
It isnt better than btc
Xmr is much much better than btc

>>18450712
As long as people keep re-opening websites that cater to facilitating exchange of illegal goods - for example drugs or illegal digital content. Then monero will keep increasing in value. However it doesn't have fixed supply to my knowledge, so that's a minor problem, which causes decrease in value.

Quick question about Monero. Will it always be necessary to have the complete blockchain locally, if you want to do things anonymously without trusting a third party? Or is there some kind of mechanism to deprecate older transactions at some point? For me currently it's not a huge problem, but it makes it a bit annoying to use.

is monero better than ETH tho?

>>18450712
It's not on Coinbase. Normies will never adopt it until it is at least on Coinbase.

>>18459677
>ecate older transactions at some point
btc mixers

>>18459677
You do not need to download the whole block chain. If an adversary is monitoring your IP address through a node, they can see when you made a transaction based on your IP being broadcasted when a transaction is made. However, you are still protected by Ring Sigs, Ring CT, and stealth addresses -- the adversary would have to sift through the other transactions in the block, as well as the mix ins for you and all the other transactions.
If you are concerned about this risk, you can connect to a remote node over Tor without downloading the blockchain.

>>18459939
Ok so basically what you are saying is, that it's no longer necessary to hold the block chain locally? If I used a public node, it's only used to basically read the block chain and not to interact with it. So I'm not sending them my transaction in that sense. Otherwise I suppose they would be able to mess with stuff they could basically just fake to be a proper server and instead just monitor my stuff and even steal from me.

>>18453471
privacy != crime

>>18460418
Yeah node adversaries have no way of connecting you to a transaction. They would only be able to tell that x IP address appeared in y block. But that’s it.

>>18450712
It has an infinite supply, and its current supply can't be calculated. So we don't know how much is really out there.

Additionally, the fed is pouring millions of dollars in cracking this.

>>18450783
*teleports behind you*

>>18460769
how likely is it that other IPs appear in a block? What is causing for you to appear there?

>>18460997
IP does not appear in a block, but is known to the node you connect to. Simply use tor to connect to a public node and you are golden.
>>18460785
Technically and economically, the tail emission is one of the main benefits of Monero over Bitcoin.