/biz/ - Business & Finance

XMR is a honeypot, use 0x>>MR

>>23551388
you don't have a dick.

0xmonero is a copy paste of 0xBTC code with the Monero name slapped on top. It has no ring sigs, no bullet proofs, no dandelion++, no asic resistant mining, no smooth emissions, no Elliptic curves, no spend key priv key combo. It is nothing but a code fork of a failed token on a bloated network bogged down by chinese pyramid schemes. If you legitimately think its ever going to go anywhere, you're retarded- but you don't think that, because you're a dickless shill scammer.

Noob question but how much time will it take to mine one monero with my shitty internal uhd graphics card.

>>23551336
"Creating an electronic currency is a big deal precisely because control over the medium of exchange is one of the three ingredients of a state." "If you take away the state's monopoly over the means of economic interaction, then you take away one of the three principal ingredients of a state. In the model of the state as a mafia, where the state is a protection racket, the state shakes people down for money in every possible way. Controlling currency flows is important for revenue-raising by the state, but it is also important for simply controlling what people do- incentivizing one thing, disincentivizing another thing, completely banning a certain activity, or an organization, or interactions between organizations." "Government regulation has made particular financial players kings and doesn't allow other market entrants. Economic freedom has been impinged by an elite group that is able to influence both regulation and the principles involved in these banks."

>>23551529

Short answer: probably a while. If you're solo mining it's essentially a lottery, so you COULD hit it on day one or it could take years. If you're in a mining pool you'd earn fractions of a monero every day, which is the route I'd go if I were you. How quick that would add up to a monero depends on the CPU (not graphics card, monero is ASIC resistant) you were using to mine, the pool, luck, and a few other factors.

>>23551529
Monero is mined on cpu
Get a gaming pc you can game and mine eth + xmr, convert eth to xmr

>>23551336

>>23551529
Infinity. Price will keep rising and computer hardware will keep improving. Hashing on your shitty laptop will be like pissing into the ocean.

>>23551652
I have a gaming laptop i5 and 8 gigs RAM with gtx 1050ti and a normal pc with 8 gigs RAM and Intel UHD Graphics card 8 gigs.
Is it enough to mine though?

>>23551925
cute. let's have that with a smug expression.

>>23551529
download xmr stak and join a pool and find out your hashrate and then figure out if it is worth it or not. If you are asking us, it probably isn't worth your time, and will be more cost effective using the money spent on electricity to dca into Monero.
>>23551925
>when he tells you Bitcoin is fungible

>>23552029
No. Laptop is not made for constant load

>>23551336

I LOVE MONERO.. but..

>>23552029
It's enough to mine 0x>>MR

>>23552029
>>23551529
Just mine in the background whenever your computer is on. You'll get fuck all but why not. It might be worth mining around the clock when the price explodes but for now mining is saturated and Monero is cheap so just buy it.

>>23551548
Who or what are you quoting?

>>23552109
Something like this?

>>23553364
fuck

>>23553266

That's from the book Cypherpunks: Freedom and the Future of the Internet. Strongly recommended reading.

>>23553364
MOAR

>>23551491
it's a bot, my guy

>>23554579
I don't think so- the timing is inconsistent and the posts aren't uniform. But hey, I could be wrong.

bros..
thoughts?
https://youtu.be/8oXiGny6iQw?t=3043

>>23554928
Bullshit. They just want access to entry and exit points a la Tor. And the privacy coins they’ve cracked are limited to DASH, ZEC, and other sub-par AEC’s. Allowing privacy coin listings could also be signaling defeat and actually be an attempt to triage the situation. Still comfy af

>>23554928
The Feds can’t directly trace monero, so their only chance is to create large databases of metadata using KYC info to loosely track individuals hoarding Monero or other cryptos.

>tfw holding an unknown amount

>>23555950
so best bet of buying and selling is only face to face?

>>23551925
this one is so much better

>>23557478
yes local monero is still your best bet
however with Monero you can withdraw from an exchange and use different subaddresses each time, thereby preventing the feds from provably being able to connect that you are withdrawing transactions to the same wallet.
Alternatively, when atomic swaps come to fruition, you will be able to p2p send Bitcoin for Monero. This already exists through Morphtoken but it is not p2p, so it is not perfect and also you are eating fees trhough the service.
There is also Bisq, which is a p2p service. It's not based on cryptography though so you do run into difficulties with the service being attacked.

>>23551336
I am so fuckin comfy

>>23557677
>atomic swaps
keep talking anon.. but wait, if i buy btc on an exchange they will know who i am
what do?

>>23557888
The exchange will have no way of knowing you swapped Bitcoin for Monero.
>but wait, if i buy btc on an exchange they will know who i am
Like I said before, you can buy in person. You can also sell services in crypto or use an ATM.
If you are buying large amounts of crypto you will be flagged. Just the way it works. Be smart about your investments and hold for a while and you will be under the radar. There is nothing illegal about buying Bitcoin/Monero. But the many niche usecases Monero has that Bitcoin and other crypto requires will make it the digital swiss bank of crypto, among other things.

>>23554404
My good sir

i tried telling my girlfriend about monero and the privacy features and she just kept saying stuff like:
>huh???? whats that anon?? you mean like bitcoin?? i dont understand bitcoin it's too complicated
so i messaged her 'fuck you' and then blocked her on every social media. fucking stupid bitch

>>23559989
based

>>23559989
Based. What a dumb bitch.

XMR was just plastered on the front page of one of Trump's websites by lefty hackers. I think we're about to see if Monero's privacy buckles or not...

>>23560559
just crack ringCT bro

>>23560559
>0.9% move upwards after a multi-hour downward trend
This is why holding XMR feels so comfy.

>>23557677
Can I get scammed on bisq?

>>23560934
no, each party has to stake a security deposit

>>23560934
>>23560998
as a caveat:
>fiat to xmr
absolutely no
>>>do not do that.
obtain btc (exchange, atm, in person for cash or whatever) then use that to trade for xmr on bisq. you will likely pay a premium for your trade but that is the price of freedom.

LET'S FUCKING GO

>>23561323
Why did i fall for that

>>23561543
but it's real

https://www.zerohedge.com/technology/president-trumps-campaign-website-was-just-hacked

>>23561543
https://www.businessinsider.com/trump-official-campaign-website-shut-down-after-appearing-hacked-2020-10

>>23561605
LOL they published the addresses. At least Zerohedge blurred them out.

>>23561643
the chad publish with no second thought
vs
the virgin blur like a JAV porn video

>>23561598
>>23561605
Holy shit ok i was wrong bros. Buying more now haha

The first coin to get taken out and banned.

Bullish or bearish?

>>23561767
You really think they're gonna ban Monero over a 5-minute hack of a campaign website? By that logic all Bitcoin holders should be sitting in jailcells rn

>>23561676
kek
>>23561680
based
>>23561767
mega bullish

>>23561767
>banned
from what and how?
banned from kyc exchanges?
banned from owning?
banned from the internet?

>>23561767

>>23561856
keked and saved
post more memes

>>23561894
kek

>>23561847
literally just bought a few hundred worth of buttcoin, gonna convert later tonight :D

>>23561993
You wanted to say an unknown amount, right?

>>23551491
based

>>23562022
Kek you think i ONLY got a few HUNDRED tonight?

>>23551491
quality post

>actually judge i dont own any monero
>ok then how do you explain this massive folder of monero memes found saved on your hard drive

>>23561323
it's a shame they used Monero here, we can't see how many retards actually fell for it

>>23562140
they should have just published the view keys

>>23554579
i don't think so. 0xmonero has no coders associated with the project. that's why they plagiarize so much.

>>23562347
The 0xmonero guy sometimes responds and tries to argue in favor of his coin, usually only when some newfag asks about it. So we know for a fact it's a real person spamming this shit and not some program

Newfag here redpill me on monero. I get the privacy, but what else is there to know? What drives its price, and is it only used as a degen currency for darkweb memes?

>>23562382
It's verifiably private, and has asymptotic emission to motivate miners far into the future.

>>23562109

>>23562382
There will be less Monero than Bitcoin until the year 2040.
Wallet addresses can not be traced and nobody can prove how much Monero you own unless you show them a view key.
Monero can be used for anything Bitcoin is used for with xmr.to. Although many merchants do accept Monero, the most popular markets are going to be ones with usecase. The dark net is proof of that.
Bitcoin became valuable because of the Silk Road.
Monero has dynamic block size and dynamic fees to help with scaling long term. Monero blocks are every two minutes vs Bitcoin being every 10.
Monero's tail emission ensures miners will secure the baselayer in the long run.
Monero is a swiss bank of the future. Because nobody can connect your purchases with how much Monero you own, it will be a valuable way of "shielding" whatever crypto wealth you have. Once atomic swaps are develops (next year) this will create an extreme amount of demand for privacy. Would you feel comfortable knowing that anybody could snoop on your finances?
Monero is what noobs think Bitcoin is.

>>23562382
>is it only used as a degen currency for darkweb memes?
I just made a legal purchase with crypto earlier today, I didn't use monero since their price feed was fucked up and I got a killer deal using LTC, but it was listed as an option on CoinPayments.
It's just generally better than public blockchains for practical purposes. If crypto did have general adoption, you wouldn't want everyone to know every merchant you transacted with, or even how much money you have.

>>23563030
this. btc is worse than even a bank account in terms of privacy. maybe satoshi really is craig (an idiot).

>>23562762
Based and pony-pilled

>>23562762
Must-save pasta incoming.

>>23561856
based pic

>>23562762
>Monero is what noobs think Bitcoin is.
stealing this

Monero being mentioned all over the media right now because of the hack on Trumps site

>>23564937
extremely bullish

>>23564937
so drug dealers and terrorists are funding R&D while the IRS and news media does the marketing? holy shit what a chad

>>23565192
>so drug dealers and terrorists are funding R&D while the IRS and news media does the marketing?
fairly reminiscent of how BTC was viewed in the early days

>xmr thread

>>23562382
Monero is fungible and bitcoin is not (very important). Monero can scale. Scaling is possible because of the tail emission so bitcoin can never replicate this.

Basically Monero is digital money. It was conceived as such and with that understanding improvements that make Monero a better digital money are implemented. Bitcoin was started as an experimental peer to peer digital cash. It was a successful experiment for validating PoW and discovering a lot of useful information but ultimately it cannot work as money. Many stories and rationales for bitcoin have been made and the the only common denominator is 1mb blocks transparent ledger so there can never be consensus change.

bitcoin to Monero atomic swaps are coming. When complete every centralized exchange could ban Monero and its utility as a layer-2 privacy solution for bitcoin would be preserved and keep track price high

>>23565844
>bitcoin to Monero atomic swaps are coming

how does that work?

>>23565768
this
as much as I hate bcv shills, they have a point about this. BTC has stopped being digital cash, it no longer is effective at this, the fees are far too high, and it has a horrendous throughput. It's completely shit at micropayments and the LN is questionable at best.
BTC is now a 'store of value', not cash. It's fairly silly once you take a step back and look at it.
>>23565878
https://medium.com/comit-network/monero-bitcoin-atomic-swap-1cab015d7af9
https://eprint.iacr.org/2020/1126.pdf

>>23565894
>BTC is now a 'store of value'

you can only store value in something other people want/need.

>>23565918
I'm stating what other people's current story for bitcoin's value is, not what I believe.

>>23551336
LOKI > XMR. change my mind

>>23565940
Your mind cannot be changed because you are a shitcoiner who can only get a dopamine by intruding into threads dedicated to another coin

>>23565940
I haven't look into it much, just looks like a privacy coin with a messaging feature tacked on or something
shill me on it

>>23565967
*dopamine hit, whatever

>>23565894
>It's fairly silly once you take a step back and look at it.
Our entire civilization in a nutshell.

>>23561856
>banned from all CEXes
>no DEXes exist
>Atomic Swaps' privacy can be uncovered with little work
>zero fiat on/off ramps

/biz/ doesn't really deserve this thread, but only a few will get it anyway.
Comfy stacking XMR (is there a sat equivalent for XMR? We may need it soon)

>>23565878
https://icryptonode.com/blogs/news/bitcoin-to-monero-atomic-swaps-how-this-enables-private-bitcoin-transactions

Explanation posted here. You can also read very long technical documentation but this post explains it for average idiot

>>23562762
>Once atomic swaps are develops
Doesn't work like that Pranjeep. Atomic Swaps will never be private.

>Unfortunately, the current candidates of atomic swaps (hash-lock time contracts) offer no privacy; the identities as well as the exact trade that happened between any two parties is publicly visible.
http://fc20.ifca.ai/wtsc/WTSC2020/WTSC20_paper_20.pdf

Monero is unsustainable because it isn't immutable and going in or out of it is fully exposed. Prove me wrong. I'll wait.

>>23566054
chainalysis will show the trade occurred, but obviously they can't see the monero side, and once you go into XMR you can wait and go back out to BTC and break the link

>>23566012
Moneroj is the standard unit of Monero
>>23565998
What the fuck are you even on about lmao. Monero's listed on Bisq (a DEX) and Binance (a normie exchange) but there's no fiat onramps?

>>23566040
That blog post isn't even a solution. Its a shitty workaround and you're basically saying that Monero needs Bitcoin to survive. Where is the value if you always need another separate project to survive?
Monero isn't even functional unless you connect to a (((remote node))) and to avoid this, you need to download and maintain a FULL node that no normal person's computing device could even store right now, if you can even be bothered to wait for the trickle speed download.

>>23566117
Within Monero itself yes, they can't see shit. This is reliance on another blockchain, again. What if BTC shits it's pants again like it did in the last bull run while you're waiting for a swap in or out? Being a custom private chain puts yourself in a corner.

>>23566054
you dumb faggot, have you never read a manuscript before? youre quoting the abstract. their whole paper goes on to show their research into their solution. either way, they did not account for monero in that paper. make a new wallet for atomic swaps, then transfer to your main xmr wallet, if you’re so scared

>>23566157
monero is itself fungible and private. Bitcoin atomic swaps just add more utility to monero by making it a workable privacy layer on top of the most popular crypto. You are not only extremely negative but extremely dumb, you may want to exit this industry forever and get into restaurant or retail work because your blockchain knowledge is shit

>>23566130
>What the fuck are you even on about
The future, mongoloid. Is this the future you want for Monero, buy it on Chinknance with your ID or Bisq with your exposed swaps? The swap will never be private and if someone is watching you and your wallets they will see your every move.

>>23566219
>>23566054
I wondered when our resident schizo would show up. Care to share what you think a better crypto is, oh wise one?

>>23566219
The only mongoloid here is you, do you think that not a single one of the hundreds of thousands of people who follow Monero updates has questioned the privacy atomic swaps offered? Which government agency is paying you, by any chance?

>>23566219
monero is on poloniex, kraken, bittrex, bitfinex... the only places it isn't on are cucked IRS exchanges like gemini and coinbase

>>23566161
>make a new wallet for atomic swaps, then transfer to your main xmr wallet
Are you mentally disabled? The problem is the reliance on Bitcoin. The problem is the swap from ANY Bitcoin address you have. Tumblers are weak as fuck for Bitcoin, if they're still up as you know, they're websites and servers.

>>23566192
>Bitcoin atomic swaps just add more utility to monero
Wrong, Monero would actually be better off without them. You're doomed to fail if you begin as a privacy project. Any vote on forking to allow optional transparency will always be rejected by miners.

>>23566274
>do you think that not a single one of the hundreds of thousands of people who follow Monero updates has questioned the privacy atomic swaps offered?
I don't have your, and the apparent brainlet Monero community's "Someone else will do it for me" way of thinking. I'm presenting this knowledge to you now because everyone else has been too lazy.

>>23566293
>poloniex, kraken, bittrex, bitfinex
>not 'cucked IRS exchanges'

Kraken operates in on US soil for fucks sake you clueless Moronerofag.

>>23566305
this entire post is the most retarded, dipshit thing I read in the past month. Whoever you are, seriously reconsider ever posting here again, I assume you work a minimum wage job and have a smug look on your face as you fart in your beat up ford taurus. That you can type at all is an incredible accomplishment given your innate mental deficiencies. If you reproduced, which will never happen, your children would have hoofs. You are the reason eugenics was thought of - people looked at your kind and realized they needed to be exterminated lest the future be absolutely fucked

>>23565998
>banned on all CEXs
>no DEXs will exist
>>23566219
>oh im talking about the future... which hasnt happened yet...
fud harder

>>23566254
>>23566305
I didn't think so.
Honestly just ignore this schizo.
For all his apparent dislike towards XMR he spends significant amounts of his time trolling our threads.
>>23566324
This being a perfect example of his faggotry, acting as though kraken having a small in with one state invalids the entire post he's responding to.
Luckily his distinct style makes his posts fairly obvious.

what should we call our bird mascot?

>>23566904
fluffypidgeon

XMR is a honeypot, use 0x<<MR

>>23567763
Thanks for saving the thread, bot
>>23566904
Ok thats actually cute as hell, what species is it?

>>23567763
>its monero on ethereum
no its not, its a copy paste of 0xBTC code with the monero name slapped on top. It has no ring sigs, no bullet proofs, no dandelion++, no asic resistant mining, no smooth emissions, no Elliptic curves, no spend key priv key combo. It is nothing but a code fork of a failed token on a bloated network bogged down by chinese pyramid schemes, if you think its ever going to go anywhere your sadly mistaken

>>23566012
>is there a sat equivalent for XMR?
It was tacoshi for a while but now its just piconero because it makes sense to use SI prefixes. Referring to the smallest unit since Monero actually has 12 decimal places vs bitcoin's 8. That's important because 1 Monero will be immensely valuable in the future when it is base money for the whole world and off planet settlements. 1x10^-8 XMR atomic units would not be precise enough for many transactions.

https://www.getmonero.org/resources/moneropedia/denominations.html

>>23566054
>going in or out of it is fully exposed
That's why the future is staying in always.

>>23568449
>>23566130
Both of these are too long, it needs to be a single syllable like sat. I know posting this here is kinda silly, but its still true. Why not Mon?

>>23568684
cool 'mon

what about em, as in X em R?

>>23568703
or keeping with our privacy theme, the smallest unit can be a ?, pronounced squiggle, or squig for short

>>23568703
XRP goes by Zerps so how about Zimmers

>>23568761
an unknown amount of zimmermen gunning down black thugs? dare i say based

>>23568774
Or Cendo since that is Esperanto for “cent”

>>23568792
Plural in Esperanto yields Cendoj

>>23568774
Lul

>>23568792
>Esperanto

>>23568828
It’s be weird not to stick to the naming convention! I personally like Sabers (in honor of Saberhagen, the Cryptonote founder’s pseudonym)

>>23568774
>Black thugs
Dus you mean niggers

>>23568944
Oh I get it, Monero means "money" in Esperanto.
I always thought it sounded vaguely mexican.

>>23568944
But yeah in seriousness
>Cendo
kinda no
>Cendoj
Very no. You'll never get people to pronounce it correctly

I like mon

>>23568684
When people start regularly referring to the atomic unit it will quickly become "Picos" or something when used informally. "Satoshis" is still 3 syllables but as we've seen things can always be shortened when they are used commonly enough.

>>23569201
Very true, its not something that will be decided, it will come about naturally

>>23551336
1 MONERO = 1 MONERO
2 MONEROJ = 2 MONEROJ

>>23568449
>off planet settlements
Hypothetically, how distantly would monero work? Just in the Earth-moon sphere? To mars and venus? Inner planets? Outer planets? The light lag is already 1.5(x2) minutes for the moon, and 13(x2) minutes for mars and venus. For mercury and asteroids it's even longer, and going to the outer planets it sttetches to hours one-way.

>>23570486
The moon is only 1.3 light seconds away so anything there or in earth's orbit would be fine. Everything else probably not since it's minimum 3 minutes to mars. HYC is thinking about this though so he'll probably work it out.

Hello
I'm from Lebanon and I cannot purchase any XMR let alone any cryptocurrency since exchanges were always banned and our banks disallow online transactions after the economic collapse
are there any freelancing platforms that pay in XMR so I can join the Monero train?

>>23570780
I think having seperate blockchains for each planet would probably be the best way to do it, there would be a lot of internal low-latency traffic needed, and only a few high latency interplanetary transfers.
What about for something like a dyson-sphere though? It's huge, so there's long latency between opposite ends, but it's also uniformly distributed, with neighbors changing over time, so you can't just seperate it heiarchichly like you can for the long latency between planets.

>>23570953
You can advertise your services on WhiteHouseMarket which can be found at
auzbdiguv5qtp37xoma3n4xfch62duxtdiu4cfrrwbxgckipd4aktxid.onion

In all seriousness though you should mine it on your CPU. There's also monerojobs.com and r/moneromarket but I wouldn't count on great results from them.

>>23571285
I have a low end laptop so I can't mine
is this onion site legit?
oh lol the hack yesterday lmao
yeah jobs4bitcoins as well is shit cause pajeets spam their awful services but I hit a goldmine last month and made 200$ in BTC which I sold for cash
thanks for the reply anon

>>23571217
>seperate blockchains for each planet
Yeah I think so too. These will be the distances that give us the separation we used to get from continents.

>dyson-sphere
By then something new will be used for money. Idk what though.

>>23571349
Yeah that's a legit onion. You can get more from dark.fail

>>23571561
oh it's cause you said in all seriousness I thought you were trolling
and it's called whitehousemarket lol as the donaldjtrump hack yesterday

>>23570953
What type of freelance work do you do?

>>23571590
>WhiteHouseMarket
>>23571561
I googled and it's legit
I hope I find something thank you so much anon!

>>23571590
Yeah I just assume those aren't your kind of services but who knows.

>>23571561
I think we are so far away from blockchain being on different planets that by that time we will have work arounds.

>>23551336
XMR threads are so comfy

>>23551336
LOKI > XMR

few

>>23572105
Ah yes, a fork of Monero with literally no community and no merchants who accept it is better than the consensus privacy coin. Kill yourself raj.

>>23571603
sorry for the late reply
Im a developer
>>23571645
what are the services? I'll check it out when I'm home from work

>>23572493
Oh well I am not familiar with how to find freelance work as a developer, but I am sure you are. Just ask for crypto as a payment. You will likely need to accept Bitcoin just because it is more liquid, and then later convert to Monero (which is really easy). When asking for crypto as payment you may need to ask for a discounted price knowing that you will make gains on it over time.

>>23551336
How much monero currently exists?

>>23573285
I do but like freelancer.com and such only have fiat payments and paypal is not accessible
but I'll find a way and yeah I do tasks dirt cheap lol

>>23573761
>How much monero currently exists?
The total market cap of Monero sits at $1,728,798,235. In total there are 18.4 million XMR and mining is projected to go on until 31st May 2022.

>>23573888
What happens after mining? What incentivizes miners to keep working?

>>23573888
17,741,343 XMR according to a block explorer. Not on my PC so I can't find the number myself with my node.
>>23573806
You will just need to advertise crypto payments as being discounts off of your regular price in the description then. Because you are developing you should find more tech literate people who can probably meet that demand.
>>23573888
keep in mind that tail emission is unlocked on that date, meaning that Monero will have a 0.6XMR block reward until the end of time. This is to incentivize miners to continue mining forever to maintain the network.
>>23573968
he was misinformed. tail emission happens. Right now the block reward is slowly falling to 0.6xmr, where it will remain until the end of time.

>>23568140
Flame Robin

>>23574145
alright my dude

>>23573888
Did you copy that from Google's AI answer or something?

>>23573761
17,741,340 and the market cap is $2,290,264,103 for the record.

>>23574243
Yes