/biz/ - Business & Finance

RECENT ARTICLES
https://decrypt.co/31461/coinbase-wants-to-identify-bitcoin-users-for-dea-irs
>"According to public records, the Drug Enforcement Administration and the Internal Revenue Service are planning to buy licenses from Coinbase for a cloud-based software called Coinbase Analytics. According to the prospective DEA contract, Coinbase's software will provide "identity attribution" for crypto addresses both domestically and internationally."
https://blog.chainalysis.com/reports/introducing-chainalysis-investigation-compliance-support-dash-zcash
>"Dash and Zcash allow users to conduct transactions with greater privacy, but that doesn’t mean they provide total anonymity. The two cryptocurrencies’ privacy features — both in how they’re built as well as how they’re used in the real world — leave room for investigators and compliance professionals to investigate suspicious or illicit activity and maintain compliance. With Chainalysis product’s support, cryptocurrency businesses are now able to incorporate Dash and Zcash into their compliance programmes."
https://news.bitcoin.com/chinese-authority-freezes-cryptocurrency-traders-bank-accounts/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
^China freezing the bank accounts of cryptocurrency traders.
https://www.monerooutreach.org/stories/the-tool-for-renewal.html
^ Good read to share with those who are on board with the revolution but want to achieve it bloodlessly.
>"Whether you need to move your money into a private, digital store of value out of necessity or you want to participate on principle to opt out of the current financial system, join us. Together, we can use new technology to limit the intrusion of corrupt bankers and governments, and participate in a financial system that empowers the people. We are all in this together. Let us use these tools to be the change we want to see in the world, for us and our future generations."

https://web.getmonero.org/get-started/mining/
A brief introduction to PoW Mining.

https://coinatmradar.com/bitcoin-atm-near-me/
Find crypto ATMs near you.

100% XMR chad
100% Comfy
The daily tx's going back up again nicely.

>>19661380
Unfortunately it has dropped pretty harshly again. Looks like we are testing 6k.

>>19661412
>6k.
9k

>>19661430
https://moneroblocks.info/stats/transaction-stats
This shows the current 24 hr total. The amount on the bitinfo charts is taken from the 24hr total every day at 9pm edt.

>>19661470
This anon is correct! But I'm a longterm XMR guy, and I wouldn't be surprised to see the current price drop! And raise, and drop, and raise, and drop, etc etc. Same for transactions- there will be busy weeks and slow ones.

>>19661696
Perhaps it’s related to the overall market drop? Looks like a correction is finally starting to happen.

>>19661882
entirely possible!

It's all guesswork, but I suspect that the surge in recent months is partly attributable to quarantine- more people inside, less drug dealers active, more incentive to explore DNMs and therefore Monero.

>>19661084
>>19661133
>>19661253
>>19661380
>>19661412
>>19661430
>>19661470
>>19661696
>>19661882
>>19661991
DIDNT READ. BUY GHOST

>>19661084


Why is more profitable to mine Safex than Monero?

How long till Monero hashpower is zero cos mineros switch to Safex?

Please explain sir

/r/Monero/comments/h09vpc/black_lives_matter_and_the_monero_community/

XMR Dev going political, KEK.

Every single monero thread you will find pajeets shilling shitcoins.

>>19662515
>BUY GHOST
KYS

>>19662802
HAHAHA MONERO IS FOR KEKS CONFIRMED. SAD PATHETIC LITTLE KEKS LIKE >>19662852

>>19662515
You don't have a dick.

>>19662586
Flashes in the pan burn brightly.

>>19662802
I'm not a BLM guy but we share discontent with the political system in common

>>19662819
They hate us cause they ain't us

>>19662802
He’s not a developer. That guy manages monero outreach and is a journalist.
Also from the way it looks, most of the posts disagree with him. So that’s pretty based for Reddit.

>>19663015

>>19663015
How heavy are your bags feeling?

>>19661084
One good OP on this board of crap, thank you.

PirateChain ARRR is better

>>19661084
Why dony we actually accelerate the coming xmr mega moon by contacting fringe political groups and getting them to accept support in xmr?

Theres literally no better publicity than people trusying their public reputations/employment status to moneros privacy features

Monero coin holders

Buy our coin we’re going to be all rich..... not

>>19665646
Who here is saying that?
>>19665603
A pol monero campaign could be a good idea.

>>19665784
I would imagine they (maybe some here?) Have plenty of sockpuppets that could get to

Blm
Antifa
Proud boys
Identity europa
La raza
Etc

All of those groups have serious reasons to want financial privacy and once one of them starts advertsing they accept truly anonymous donations that cant be censored by a payment processor then all will have to do the same

>>19662802
Hahah gay

>>19663015
Hahah based

>>19666284
How're those Verge bags doin?

>>19668371

>>19669276
based

Glad to see some productive marketing tactics from the community! XMR indeed a sustainable ecosystem. Speaking of sustainability projects like XMR, ETH, VID, LINK which have Value Income perspective for the crypto ecosystem will always become scalable and sustainable in the longer run.

>>19661084

XMR will flip Bitcoin.
XMR is what Bitcoin was intended to be, an Anonymous cryptocurrency.
Even tho its used only for daknet shieit idgaf.
The flippening will happen soon or later.
With increasing online demand and the tend to cashless society there will be a demand for privacy easy to buy and easy to sell without leaving the house for it actually.
10k$ end of 2029

>>19661084
Solo mined a block today. feelsgoodman.

>>19669743
Based as fuck... I've heard that a lot of people have been getting lucky lately solo mining blocks. What's your setup?

>>19669762
i7 9700k for about 8-10 hours a day while I shitpost on /tv/. gets a solid 2000 H/s.

>>19661084
Hard to store. I have to download GUI to use with Trezor.

>>19670016
Easy enough to store temporarily for daily purchases with cakewallet or other smartphone friendly apps.

Cold storage with GUI is a pain in the ass, yeah, but it can be used with a remote node to make things easier and quicker. The pain in the ass of downloading the whole chain is worth it for the increased privacy.

I know I truly believe monero is the best and ironically criminally undervalued. I just can’t justify holding massive amounts of wealth on cake wallet and having to deal with the GUI before I had to manually unzip files and such and I’m to retarded for that.

>>19670316
Cake wallet is just an interface. Your wealth is stored in your private seed, which enables you to access your funds with cakewallet or the GUI.

>>19670316
I know it's a pain in the ass brother. I had some headaches the other day updating, but it comes with the territory of managing your own money instead of having a bank do it for you.

Looks like our transactions are back over 9k.
Not sure what is happening. Our transaction count has been plummeting all day and it suddenly shot right back up. Must have been an issue with the monero blocks site not updating..

>>19670408
Automatic updates coming soon :)

>>19670781
Excellent!

I recently found a dope ass XMR seller on localmonero. Super knowledgeable guy, we wind up chatting about all kinds of bullshit for a half an hour after we take care of the transaction. He schooled me on the franco-prussian war recently. Weird dude, good dude.

>>19665986treason,aiding and abetting,sedition,ect

>>19671511
you don't know what those words mean. also google "freedom of speech" glowie.

>>19668371
>10 tokens to mix
Yeah that's never going above 30 cents.

token not needed

What is the biggest XMR issue right now?

>>19672548
We need more onramps and liquidity.
There is also an educational barrier that is hard to onboard noobies, because the baselayer is different than most other cryptos.

>>19672728
Why is it so distant from the ATH (~-88% vs -52% BTC)?

>>19672815
well because that was a bubble. Consider Monero was ~$1.00 in the first half of 2016. Also Bitcoin is still the market mover so they haven't declined as much as other projects.

>>19672879
Can I use it for tax evasion?

>>19672926
If you were so inclined, certainly. But that would be very wrong. Please don't undercut the power of states, even if you perceive them to be tyrannical and consistently eroding your civil liberties.

>>19672926
In small amounts, if you cash out at local monero, then yeah it's actually quite effective for that. One of the usecases we like to talk about is avoiding divorce rape.
But depending on where you live, if you start spending a lot of money with Monero, the feds will eventually notice.

>>19673094
Actually trying to dodge inheritance tax here.

>>19673154
That's more complicated, and I'm not an attorney so I can't give you anything like real advice (and would never advise anybody to commit a crime).

But, for the sake of conjecture, I'd think that if the inheritance has already been transferred to you, you're SOL.

If the person who is leaving you money were to buy monero with their assets and send it to you, I'd imagine it'd be mighty hard for any authority to prove you had that money. Be tougher to avoid taxes if you wanted to spend more than $10,000 of it at once, say on a car or for the down payment on a house, but if you were cashing out a grand or five every so often as your food, gas, groceries, and play money- be a lot tougher for anyone to pin down.

Lemme tell you though- I've seen a close friend go through an audit. It's not pretty. You're playing with fire when you cheat the tax man.

>>19673570
You are thinking small, man.
There are a bunch of countries in the world, there is no reason to stay in the USA if you are not earning money there.
Do you have any idea of what lifestyle $400K buys in Latin America right now?
Make money in America and, unless you are making a shitload of cash, just get out.
Don't allow the boomers to enslave you.

>>19673869
That's the thing about the FUDers who say monero will be banned.
Okay. I will just go to another country and cash out.

>>19674482
Pretty accurate.
You can just buy something like BTC using it somewhere else and then sell BTC in the USA without leaving your home.
That is why I am interested in it.

>>19673869
I would love to leave, but that's a 10-year plan for me.

Where would you go in Latin America, Anon?

evening faggots

>>19675093
At current rates, $400K will buy me something like 20 middle-class apartments in a lot of decent cities (southern Brazil, inner Uruguay, southern Chile,etc...) which would generate enough income to live like the local upper-class without doing much at all.
If you pick a good country, those properties will increase in price and local currency will also do better vs USD, so you could double/triple your money in ten years while also living very well (you could easily get thirty different prostitutes each month, for example) and maybe developing new skills (you can get into a bunch of passable colleges for free in Latin America).
$400K will get you an overpriced house in the USA and that is it.
The choice... is not hard at all, not for me.

>>19675240
Pretty based, anon.
Hablas espanol?