/biz/ - Business & Finance

FAQ
>Why doesn't Monero pump?
Monero has been one of the best performing crypto's over the past 48 hours. Also, most anons forget that Monero pumped in September and October when nothing else was pumping, and during this Bitcoin rally it has held its USD value. Currently the Bitcoin ratio is highly undervalued and is due for an appreciation, so now is the time to accumulate.
There is also reason to believe that price suppression may be ongoing, and if true, would indicate that a sharp upward correction is likely in the future.
>What is the best way to get Monero without KYC?
- Local Monero is a service to directly connect you with people selling Monero. Otherwise, you will need to buy Bitcoin and then move that Bitcoin through a medium without kyc, such as a coinswap service (morphtoken), a centralized exchange (kucoin, tradogre), or a p2p application (Bisq). If you are confused about this and need help, a Monero chad can walk you through the steps.
>I just read _____ that says Monero can be traced. Is it over?
No. Monero can not be directly traced. To date, there has never been a directly traced Monero transaction. What could realistically happen is an adversary can pick up metadata that a Monero user may unknowingly leak when doing a transation. For example, If you purchase Monero on a KYC exchange and then transfer off of an exchange, the metadata that the KYC exchange would store is the date and time you sent Monero, the amount of Monero you sent, the Monero address you sent Monero to, and the IP address that you are logged in. Monero does not prevent metadata, so be aware of this.

>>24541621
>>24541550
Thanks, boss.

>>24541550
>>24541621
>>24541897
Forgot reaction.

holy shit boys we're pumping the sats

i wanna fug monero chan

>>24541925
thanks anon. what are your thoughts on the FAQ?
>>24542037
we all do

i want more monero chan too

why can't btc just get over 20k already so we can start the golden bullrun?

>>24541550
fuck, she cute and secure, and so hecking valid, now I want to convert my bitcoins into monero

>>24541550
adding a good technical doc to the OP would be good I think
took me forever to find something good, but here's one I found
https://web.getmonero.org/library/Zero-to-Monero-2-0-0.pdf

>>24543380
Good idea

Chad Sarang making rapid progress with Bulletproofs+. Verification times and transaction sizes will on average be reduced by 6%-8%.
https://monerologs.net/monero-research-lab/20201204

>>24542921
More time to acoooomulate

>>24544523
the time I needed to accumulate was the 0.1 seconds it took to press the buy button. If you live paycheck to paycheck you shouldn't even put your money in crypto. If you don't, you already put in the amount you wanted

>>24544445
Wow! That’s so fucking based.
>>24544523
Agreed.

>>24541550
Ask me how I know you're gay

>>24544599
Absolute brainlet take

>>24544730
What stopped you from buying more before? Do you have your money in a time locked vault or something? You decide to invest, you decide on the amount, you buy it, that's it. I don't get this "accumulate" mania, is everyone here a mcdonalds worker who can put in 50$ a week from their paycheck?

>>24544808
You buy a stack, and you short it against something to make your stack bigger
If I sell 10FAG, worth $10, and then later when FAG is worth $5, I buy $10 worth. I now magically have 20FAG.

This is how accumulation works you absolute fucking methbrain
go take your ritalin

>>24541550
God why the fuck does my trezor does not let me use monero.

I would be all in xmr now if it was not because of that i don't want to have much xmr on a hot wallet.

If someone can donate some monerujos to me i would really apreciate

XMR WALLET

46VrN4FExqeYyrjSNo7uVYgGV5jXQN5uueJCL91pEYroUxTMunCFM7UUtLCwnutosFg6voTEb3M5x6iM1u8r6bVCHb6z4z7

i want to get a ledger nano s so i can accumulate as i do with bitcoin or ethereum.

I don't like using hot wallets, but my fucking country is collapsing and a fucking nano s costs my weekly wage now due to costing 3x the international price due to customs stealing shit and overtaxing everything.

It makes my blood boil not accumulating xmr as much as btc or eth due to trezor not supporting it.

>>24544971
I thought trezor has suooort for monero
>>24544808
>What stopped you from buying more before
Implying we haven’t been
> You decide to invest, you decide on the amount, you buy it, that's it
It’s a bad idea to just throw money into a volatile asset without determining risk.

>>24545051
>I thought trezor has suooort for monero

The trezor model T does the normal ones does not because the son of a bitches want people buying the costlier one.
And in my shit hyperinflating country argentina since that one has little demand due to it's cost + corrupt customs + import taxes + local taxes that fucking hardware wallet is costing more than my monthly salary and buying it internationally is not possible due to commie customs.

The cheapest way i have to have xmr on a hardware wallet is using a cheap ledger for that since i already own a trezor anyway.
But even the cheap ledger cost 3x the international price here.
And i have too much memory of the viruses attacking electrum during the 2017 bullrun emptying wallets of morons to use a hot wallet to accumulate.

>>24541550
The only thing I'm concerned with for XMR is lack of listings from many centralized exchanges. I think the Winklevoss twins want to list XMR on Gemini, but the fact that its a pure privacy coin makes it difficult. Hopefully DEXs really start taking off for normies.

>>24545207
That's a plus it means xmr is at a under the radar mode atm.

>>24545155
If you want a safe cold storage wallet then you should go with paper then if you can’t afford the hardware update. It’s free and you can save the view key and check the balance whenever.

>>24545258
it's the view part that worries me , people in 2017 accumulated btc on electrum this way and as soon as they opened their accounts were empty afterwards.
I fear this bullrun will attract similar parasites in all coins, specially monero due to having few wallets.

Is the coin a glowie trap?

>>24545296
No it's the crypto that still lives to it's true spirit the most along with bitcoin & ethereum.

With such btc pumping more people try to find good platforms and alts
Recently came across DuckDAO, do you know anything about it? Seems like it is the first crypto incubator with a well-build tokenomic.

>>24545284
You just have to take the necessary precautions with keeping your keys secure. Make sure you didn't download any malware. When you see the recovery seed on your screen for the first time, write it all down on paper. Don't copy or paste the seed anywhere on your computer. You should be good to go.

>>24545296
It's literally the best and one of the oldest privacy coins, monero's ring ct encryption has never been broken. It's more likely to be banned than ever hacked.

>>24545598
not only is it the granddaddy of privacy coins, it's constantly being updated with better programming and novel cryptography. Unlike Bitcoin, which has become trapped due to infighting and is stuck with outdated technology

With such btc growing a lot of people try to take part in crypto and defi

>>24545284
https://www.monero.how/how-to-safely-hold-monero-in-cold-storage
>it's the view part that worries me
Honestly, and don't take this as an insult, I think you just don't understand what a view key does lol. A view key simply allows you to view Monero being transferred into your wallet. It is not the key used for spending. It's useful if you like cold storage because you can check up on your wallet if you add funds to it.
Use that guide I posted. It's pretty straightforward. There are also other guides (some more recent) on the internet if you use google.
We usually recommend the gui/cli for safe desktop use, but there are far more wallet options these days for mobile or desktops, as well as hardware support.
Keep in mind that yes, if your computer has malware or something of those lines your seed could be exposed, so look into getting tails on a usb for example. But this comes down to opsec.

Why would anyone even consider mining monero? You barely get anything out of it.

>>24545986
there can be many reasons. some do it to support the network. others might have free electricity so barely anything is still more than nothing. still others see that xmr will significantly appreciate in the next few years, and so the small amounts they are mining right now will grow in value substantially

>>24546238
>free electricity
forget these coins how do i get in on that?

>>24546261
Get lucky, essentially

>>24546238
>some do it to support the network
Altruism is wonderful but not many will have that trait.
>others might have free electricity so barely anything is still more than nothing
If people had free electricity most would be mining something else several times more profitable than monero.
>others see that xmr will significantly appreciate in the next few years, and so the small amounts they are mining right now will grow in value substantially
Are these people retarded? Why don't they mine something more profitable and then simply exchange what they mined for monero to hold instead?

With the lackluster "incentives" monero has going right now for people trying to support their network, I can't see how this coin will remain reliable in the foreseeable future with so little numbers.

>>24546499
>If people had free electricity most would be mining something else several times more profitable than monero.
Monero is asic resistant.
>re these people retarded? Why don't they mine something more profitable and then simply exchange what they mined for monero to hold instead?
Because Monero can be mined with cpus.
>With the lackluster "incentives" monero has going right now for people trying to support their network, I can't see how this coin will remain reliable in the foreseeable future with so little numbers.
neck yourself glowfag

>>24546540
Did you even read? You greentexted me and yet haven't directly answered any of my questions. What does monero being asic resistant have to do with what I said in terms of gaining monero faster than direct mining? I asked why don't people just mine something else to profit and buy monero instead and you didn't even address my question other than 'hurr monero can be mined with cpu'.

The point still stands that there's little to no incentive to mine monero and will eventually become abandonware at this rate.

>>24545449
it still makes me affraid you can't use it that's the problem.

>>24545963
Thanks i been using gui in desktop but even their site was hacked a few months ago so it makes me paranoid.

>>24546789
you’re the one not comprehending what >>24546540 is saying. there is no other coin worth mining that can be mined with a cpu, faggot

>>24546898
>lock down cpu on full load 24/7 for measly scraps under a dollar per day
>cpu wear and tear
>electrical costs
>pool fees
Yeah sounds like a great idea to get people to join in and help support the network. So what you're saying anyone actually mining monero with their cpu is a retard instead of just mining something else with a gpu and converting that to monero instead for vastly better efficiency.

>>24546789
asics mean there is a barrier to entry because the only profitable way to mine is with asics. Asic resistance means it is easier for the average person to mine, because with an average PC rig you can net solid long term returns.
>The point still stands that there's little to no incentive to mine monero and will eventually become abandonware at this rate.
kek at this brainlet. Obviously the returns for mining in the short term aren't the greatest. Google long term. What was Monero's price in 2015? What do you think Monero's price will be in 2022?
>>24546796
ALWAYS verify binaries. If you do this you will never have an issue with downloading software.
>>24547000
yeah "just mining something" with a gpu is so much more profitable. You're acting like mining is something that is so easy that instantly nets hundreds in profits.

>>24547000

>cpu wear and tear
not a thing unless you have a broken cooler
>pool fees
monero can be easily mined solo, my consumer grade pc can find 2 blocks a year, also there are feeless pools or like 0.1%
>electrical costs
unless you have a 4+ years old cpu or for some reason electricity is more than like 0.25$ per kwh where you live, mining will be profitable
>lock down cpu
choose as many cores as you'd like, I for one have a 16 thread, 14 threads mining constantly, no noticeable performance loss for everyday tasks

>>24547000
>lock down gpu on full load 24/7 for measly scraps under a dollar per day
>gpu wear and tear
>electrical costs
>pool fees

if someone has a spare cpu that they have lying around and would like to put it to use, you instead are suggesting that they buy a new gpu to mine. Not to mention, some one with a spare computer could mine XMR and a gpu coin at the same time. Does that make sense to your thick head?

>>24547311
not to mention, you can't and probably won't be able to buy any gpu this generation at anywhere below 2x msrp for probably 4-5 months at least

>>24541550
Can you post the naked version of her?

>>24547355
ha, that applies as well to the sold out ryzen 5000 series that are absolute beasts at randomx

>>24547644
cpus have much better stock, it's not sold out where I live

bump

>>24547644
The 5000s aren’t beast at RandomX lmao, latest hash on I saw for the 5950x with 3800cl16 ram was like 20800. That’s a $800 card right?
The 3900x gets 15000 if you have decent ram and I coped one at micro center for $400.

>>24550671
Based on your numbers, 5950x is still superior, no? Of course it's more expensive, but presumably you would take advantage of the cpu speeds for other applications.

Sure is odd how the moonboys and pajeets who come in here whining about Monero not performing well are suddenly gone when Monero is outperforming the market.

Just saw that the sybil attacker fag has 130+ malicious nodes running... I know he's not a threat, but damn that's a lot of energy and hardware to be wasting.

>>24551270
wouldn't be surprised if it was a government entity or one of the chain analysis companies

Does someone know why this happens?
I have a node running on my home server and it's always precisely 2 blocks behind, no matter what I do, disk and network is basically completely unused.

>>24551683
nah it's this schizo named fireice uk. He's a notorious cunt who always wants attention. Dumb edrama happened a few years ago and he went and started his own privacy crypto and spends his time fudding Monero. It's kind of sad, as he seems like he'd be pretty smart but he's got mental issues and instead of working with people he is an asshole.
>>24551843
upgrade your node see:
https://www.reddit.com/r/Monero/comments/k5vvsf/update_01715_slow_current_blocks/

>>24551915
Fireice probably glows

>>24551915
wow so is this an attack on the network?

>>24552660
A shitty, ineffective attack but yes. Only GUI users are affected.

>xmr thread

>>24552660
yeah. malicious nodes are reporting different blockheights to confuse the network.
if you run a node you can manually block the ip addresses associated with it for the time being until the next wallet release. I wasn't having any issues with my daemon but I was able to add the block list anyways to help the network.
If any anons need help with it for the CLI I can point you in the right direction. It's a pretty quick fix. The GUI is also pretty simple to fix.

>>24552955
I use the gui wallet with the cli daemon, actually was furious yesterday about this, but the blocklist fixed it now in a second

>>24544808
do you not know what dollar cost averaging is?