/biz/ - Business & Finance

XMR IS THE ONLY TRUE CRYPTOCURRENCY WITH REAL WORLD USE ATM. CHANGE MY MIND

>>24096809
>XMR DOESNT HAVE SMART CONTRACTS BRO DECENTRALIZED FINANCE BRO

>>24096809
Bitcoin is still dope but yeah Monero is actually purchased to be used.

XMR is my top dawg crypto. And also its little brother Alias. you probably think its a shitcoin because of the volume but they are pushing to be listed on more exchanges. Check out the tech and stealth staking. Looks quite promising even though it blends in with other shit coins.

>>24097831
Alias is a scam. The transactions aren't private. It's website has no technical details about its privacy because there is none. It has zero adoption because some pajeet shit it out last week. And now all of a sudden it is being spammed on /biz/ and in every Monero thread. Fuck off.

>>24097941
All the fud, and shilling for random shticoins in xmr threads makes me even more hyper-bullish. There is definitely some sort of price suppression going on, not sure why or by who. https://chainz.cryptoid.info/alias/

>BTC keeps going up
>XMR stays put
im 100% in XMR but im considering fomoing into btc

>>24098214
that's probably not a good idea, btc is about to crash 30% and the whole market with it

>>24098214
we are near the bottom of the price ratio. now is probably the worst time to convert to Bitcoin. But do whatever man.

Just bought a known amount of Monero

@35r4uSuv nice bag mate. should also put a small percentage of ur portfolio into alias. similar to monero.

>>24098679
neck yourself raj

xmr > 0.03 btc when?
keeps tanking since forever

>>24098608
based as fuck brother
>>24098749
seconded
>>24098766
as far as I've gathered, the fight against privacy coins is only going to get bigger from now
XMR has yet to establish itself as a store of value but it's getting there
LebAnon here
it might sound cringe for me to "sign off" my replies, just showing my utmost appreciation to the community here

>>24098839
heavy bags man, heavy bags. i really wish xmr/btc improves to hype levels again.

also arent there tripcodes? you could use them instead

>>24098903
it will
keep them hands strong anon!
No I know but a based anon on XMR general gave me the nickname LebAnon so it kinda stuck to me ngl

>>24098766
the ratio will recover. It's hard to say exactly when we will see 0.03 but during the next bull run it is highly likely.
>>24099179
yeah you could use a trip

bump for best privacy coin

>>24096725
I keep spending my xmr, cant control myself fellas

>>24098903
>>24099179
yeah for a "known" person on 4chan having a trip would make sense
prevents other fake faggots trying to pretend to be you for whatever reasons

>>24100270
it's kinda made to be spent at least
just try to buy back what's spent in it, if you can

>>24096725
Will XMR ever become PoS like ETH2 is trying to do? Wouldn't that make xmr even MORE based and MORE decentralized since whales and pools aren't controlling a fat chunk of all the blockchain mining?

>>24100378
no PoS causes more centralization

>>24100378
POW is tried and true. It's basic capitalism, as you need to buy a rig and pay for electricity to mine. And because of asic resistance, anybody can mine. POS is unproven and from what I've seen, is only used to entice people to buy more of that crypto so they can stake and get passive income.
Mining pools aren't necessarily a bad thing. And whales have no influence on mining, however whales would have an influence in a POS system, which is an argument against having POS.

>>24100312
Lol I wont make enough, this winter ill be eating lots of ramen. I got a few months of rent in cash.
Not much work during the winter = not much cash coming in :[

>>24100378
don't fix what isn't broke

>>24100570
iktf bro
shit is fucked right now

>>24100443
Even with people all over the world individually running their own nodes? How so?
>>24100498
>>24100712
My worry with PoW is that it's a massive waste of energy just to keep a tally of everyone's wallets and transactions. The unending arms race to mine the most is only going to raise the electrical waste in the long run when algorithms keep getting more difficult. Is this sustainable for the far future?

>>24100724
Ill probably live with my girl in her small apartment. I know if we do live together, we will just do lots of drugs lol. I may have to just because it would be cheaper then my place now. No lease so i can leave any month. Life is pain, i cant even cope bro

>>24100288
>>24099713
will do
>>24100270
at least you're using it
keep a safe suicide stack though

>>24100845
Damn dude, maybe start with cutting the dope, once your head is clear you wont feel like shit

>>24100841
>Is this sustainable for the far future?
i forget the numbers but i think something like 70% of bitcoin PoW mining is from renewable energy
i get where you're coming from but i don't think it's anywhere bad for XMR, mostly since it's CPU based instead of ASIC (which uses a lot more power and puts out a lot more heat)
that and i wouldn't say it's a "waste' when it keeps the chain intact

>>24101088
How does it keep the chain 'intact' when you barely get fuckall scraps for mining xmr. There's no financial incentive to help support the network when it's demanding altruism. Sure you can mine with your pc cpu during your down time but that becomes a pain in the ass switching it off and on again. Having a dedicated rig to cpu mine more often than not yields pitiful to negative yields after electrical costs.

>>24100909
Yes sir I got a bit of BTC, XMR, ETH, LINK. Wish me luck

>>24100909
Mmmm na me likey though

>>24101088
Checked and its also ASIC resistant, with constant updates if im not mistaken? DYOR

>>24101194
You can have it on at night, maybe on a timer somehow? Any anons that can code?

Whoops too high to post right
>>24101276
Ment
>>24100924
Mmmm na me likey though

>>24101276
>wanting to lower the lifespan of your cpu without guarantee of successfully mining anything
No.

>>24101194
>How does it keep the chain 'intact' when you barely get fuckall scraps for mining xmr.
profit is profit
you're not going to make millions mining but it's a steady stream of income
funny enough a decent amount of xmr mining comes from botnets which is both shitty and funny at the same time
>>24101276
yeah they update constantly since some smart fucks find ways to mine via GPU which blows the fuck out of CPU

>>24101194
>There's no financial incentive to help support the network when it's demanding altruism.
that's just simply not true. There is absolutely a financial incentive. That's why monero has a massive mining network.
>Having a dedicated rig to cpu mine more often than not yields pitiful to negative yields after electrical costs.
Again, not true. If you invest in a good cpu and you calculate electricity costs, usually you will be making a profit sooner than later, especially with how Monero increases in value over time. You won't be making a profit within a few weeks, but any miner will tell you that you need to plan for the long term.

>>24101296
At the very least, cutting dope cuts your loses, especially here that should be as good of a reason as any

>>24101310
>steady stream of income
>lose it all to electricity bills
>have to pay more out of pocket for said electricity bills
Oh boy! Really makes me want to support the network!
>>24101335
>~$0.03 a day
>financial incentive
Okay. You can say there is an incentive. The problem is that the incentive is not enough.

>>24101408
>~$0.03 a day
> incentive is not enough
Pic related, think long term friend. You never know what may happen

>>24101352
I literally dont care about money anymore. I have no emotional connection to it. Seems like inflation will make it worth less too. Thats why im in crypto. Never cashing out. Only use my money for food, gas, insurance, and rent. Rest on crypto

>>24101408
depends on the cpu anon
old ones make pennies but better ones make decent money from pure passive income

GUYS I KEEP LOSING SATS AND NOW I'M ONLY 55% IN THE GREEN!
SEND HELP

>>24100841
because then whales control the network, like with eth whales who bought in the pre-sale will control the network. Eth is a centralized Piece of Shit.

>>24101308
CPUs don't die

>>24101560
That's obvious. But you're still wearing down the nice cpu so you can't exactly say you're gaining the full 100% of that "pure passive income"

>>24101701
talking out my ass but i'm 90% sure cpu wear isn't much of an issue if you're not majorly overclocking
same for GPU's. usually the most damage to a GPU is during the process of heating up and cooling down rapidly and repeatedly from cycling on and off from something like crypto mining

Monero can be tracked, use 0x MR

>>24102094
shoo shoo scammer

What happens if xmr breaks 600k sat support.
It hasn't been lower than that for years

>>24102094
kill yourself faggot
>>24102329
we keep accumulating.

>>24102329
it has to bounce, idk if i've ever seen something dump this hard. margin longing this is the true yolo play if youre a degen, not fucking vaporware erc-20 tokens

Why the fuck is this shit not mooning along with everything else. I'm 50% in XMR and bleeding sats like crazy

>>24103155
There's a sorta-popular theory that the price is being manipulated
>A fund but most likely Binance internal desk sells X amount of borrowed monero. This happend at both peaks. At a low enough price they need to rebuy what they sold off. So they stack the sell side to double the ratio of the bid side. This has happened nearly everytime at bottoms on the ratio this year. This is to discourage noobs from buying while they can rebuy what they sold off.

>>24103155
Sound money doesn’t moon

>>24103155
Its monero bro. Iirc and I may be wrong but during last bullrun monero got left behind as well.
It actually gets used to transfer funds. Big money always in and out. has to stay somewhat stable for all the 'industries' that run off it lol.

>>24096725
Tomochain is a much better privacy play (and better chain imo)

>xmr thread

Monero and Alias are the best in the space!

>>24102094
Obligatory fuck off
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/

>>24103736
fuck off pajeet
>>24103509
kill yourself raj
>>24103261
yep. it's pretty likely this is the case.

>>24103261
That sounds like a qtard tier conspiracy cope

>>24096725
comfy unknown amount holder checking in

Newbie here, when do we expect this dump to end?

Comfy

>>24104638
sounds like youre new to this market

>>24104694
we're going down to 90

>>24105014
We are going to the moon when bitcoin crashes.

0x MR

Just bought a stack. Love this coin

>>24098328
>btc is about to crash 30%
I'm thinking around the middle of Dec.

200 usd EOY

>>24103261
here's my theory - bitcoin will have questionable privacy integrated in the near future and monero will forever be covert and labeled a drug coin because of all the normies that will fall for this