/biz/ - Business & Finance

>>24895642
Predictions for monero in 2021?

https://kycnot.me/ <Exchanges and services with no KYC requirements
This is the most important link in the whole post. Fuck exchanges and their holding up ID selfie shenanigans. Learn how to use bisq.

I hate to tell you but Monero is a fed honeypot. I sold my XMR for piratechain (ARRR)

Hey anons, make sure to update your wallet if you run a node!

https://www.getmonero.org/2020/12/13/monero-0.17.1.7-released.html

Overview

This is the v0.17.1.7 minor point release of the Monero software. This is a recommended release that contains P2P network layer improvements.

Some highlights of this minor release are:

P2P: include first new block in chain entry response
P2P: more restrictive checks on chain entry response
Fix syncing with --sync-pruned-blocks flag
Update OpenSSL to 1.1.1i to fix its recently disclosed vulnerability
Minor bug fixes

>>24895881
fuck off, pajeet
everything in crypto is already pretty set now

>Comfiest coin

>>24895798
$250 eoy 2021

>>24895811
>bisq
thanks anon, I'll look into it

>>24895889
>update
thanks anon, I have work to do

>>24896225
>Comfiest coin
based

still mining
although I have enough miners running that I wonder if I need to keep their clients up to date.

>>24895881
ranjesh called, sir, he asked if you could cover his shift tonight. I hope this is not a problem sir.

>>24895798
depends how fast this bubble plays out but a 20k top could happen if we see btc at 300k and xmr at around 0.06. And the market cap would still be lower than btc's is right now since the circulating supply will be lower until like 2040 iirc. Once we passed ATH in 2016/17 it took only a year to top out.

>>24896466
>$250 eoy 2021
surely you meant eoy 2020 or eom jan 2021??

>>24895798
continued growth in adoption on the dark net and the implementation of atomic swaps.
I believe we break the 1000 barrier.
>>24895642
price action looking real nice today. the USD chart is very bullish. 175 by xmas.
>>24896866
I really don't see 300k BTC as that realistic. But who the fuck knows in this clown world lol.

AAAAAAAAAAAAAAAAAA
I can’t take it
Monero is just so god damn comfy

>>24897840
based and comfypilled

>>24898281
>>24897840
Prepare for all of the recent BTC gains to come back to XMR.

>>24895642
stop fucking spamming this shit retard XMR still cant scale

>>24898731
Says who? Dynamic blocks allow for better scaling than most.

>>24895925
You say pajeet but you have no answer for this: https://cointelegraph.com/news/ciphertrace-develops-monero-tracing-tool-to-aid-us-dhs-investigations
Feds already know how to trace monero transactions so what is the point of monero now? If you want privacy research pirate.black (inb4 pajeet etc)

>>24898974
This is the CEO of ciphertrace. If you cant freely find information on the internet you're ngmi.

https://twitter.com/davejevans/status/1330008956270374918?s=19

>>24898974
name me a single person who was arrested because of a traced monero transaction. Go on. I will wait right here until you do.
Also pirate is a shitcoin. Your anon sets are trash and you have zero darknet adoption. Kill yourself raj.
>>24898731
dynamic block size, dynamic fees, tail emission. Neck yourself.

>>24899052
that faggot is shilling a coin named pirate chain, he isn't making it on that shit - ever.

started with an unknown amount of monero in Q1, was worth 1.1 btc at the time. now in 30% fiat profit, worth 0.72 BTC. Not comfy at all

>>24895642
why would i trust a coin with a mexican name

>>24898871
>>24899064
Dynamic block size doesn't solve scaling, it solves spam transactions, which was the point of Bitcoin's hard block size limit. The real answer is that scaling has never been an actual problem, it's bullshit made up by special interests who want to rent seek on Bitcoin transactions. Hardware and network bandwidth are growing exponentially and Monero has a long way to go before even today's capacity would be limiting factor. Additionally, there's no technical obstacle preventing Monero from adopting Lightning Network in the event that it turns out to not be a buggy pile of garbage.

>>24899358
It's Esperanto. "Monero" isn't even a Spanish word, you might be thinking of "dinero".

>>24898507
Will they? Right now a lot of coins are pumping big but I'm all in XMR and it's not moving much

>>24899545
how new are you? We've been pumping the past few weeks. Plus we never pump significantly with other shitcoins, we always pump on our own.
>>24899476
literally every sentence your wrote is incorrect. It's actually impressive. Bitcoin maxis need the rope.

>>24899606
oh wait never mind I'm retarded
but you are still retarded for thinking dynamic block size doesn't solve scaling, or that scaling isn't a problem

How long does the wallet usually take to sync for the first time?

>>24899781
2 days

>>24899781
Depends if you're SSD or HDD

>>24899954
I have a HDD.

Is there ledger support for Monero? On the ledger site it says yes, but don’t see it here

Had 100 xmr, have 5 left, used everything on stolen Credit card and drugs online, comfy

>>24899985
it's almost 2021. go get a SSD.

>>24900237
But I'm poor :(

>>24900276
no wallet syncing at reasonable speed for you, then.

>>24900233
why did you buy back the xmr with the stolen credit cards?

>>24900661
>>24900233
*didn't

Based and comfy, checking in.

I'm loving the weak FUD attempts that we've been seeing ratchet up this week. Thank you for the lols, glowing strangers.

>>24899699
It doesn't solve scaling, you have an infant's understanding of the so-called "scaling problem". There is a line in the Bitcoin code that says "reject the block if it's bigger than 1 MB". If they deleted this line, the Bitcoin protocol could support an unlimited number of transactions per second. The transaction throughput of Bitcoin could quadruple in a day! Not even Monero can do that! But neither Bitcoin nor Monero uses this approach, because we do need some kind of limit to prevent cheap spam attacks.

The "problem" wasn't that BItcoin devs are too stupid to delete the 1MB limit and replace it with a bigger number or implement Monero's dynamic limit, but rather the manufactured belief that allowing the Bitcoin network to process more than it's average of 1.6 KB/s would place far too much stress on the hardware of hobbyists running Bitcoin nodes on consumer hardware, thus "centralizing" the network. (Never mind that mining nodes are already centralized in China, and non-mining nodes are irrelevant to the health of the network.) Since current hardware can obviously handle much more than the current capped throughput, they deployed a slippery slope argument: "If we increase it now, we'll just have to increase it again later, and then again, and at some point, we *will* run into hardware constraints. We need to address this here and now, with (((second-layer solutions))), not bigger blocks!"

Monero does not address this (fake) problem at all, we have simply automated the process of increasing the limit once blocks are full under the old limit. This does, in fact, increase the hardware demands of running a Monero node as the network grows over time, with no upper bound. But it's not actually a concern, because hardware efficiency also increases over time, exponentially, and we already have a ton of buffer to accommodate sudden spikes in Monero demand.

>>24901023
stopped reading here
>If they deleted this line, the Bitcoin protocol could support an unlimited number of transactions per second.

Some first hand advice from the Anon from earlier today who thought he lost over 50XMR or an (unknown amount) If your coins show up as 0 in your GUI wallet after downloading the latest wallet update then you are probably doing something wrong.. FUNDS ARE SAFU

>>24901168
Then you're retarded, unfortunately. The "protocol" is the set of rules the network follows, not the physical reality of what Bitcoin nodes can handle, which is what the post is about.

>>24901023
But it does solve scaling though because Monero doesn’t bottleneck the network if there is an increase in transactions. It just increases the block size.
The long term problem of storage space or speed of syncing to the blockchain will be solved by improvements in technology.
Once you add in dynamic fees and tail emission, then you will realize that Monero is definitively solved the scaling issues that plague bitcoin in the base layer.

>>24901285
>we have simply automated the process of increasing the limit once blocks are full under the old limit. This does, in fact, increase the hardware demands of running a Monero node
>The "protocol" is the set of rules the network follows, not the physical reality of what Bitcoin nodes can handle, which is what the post is about

What kind of mental gymnastics does it take to hold these two viewpoints simultaneously while being an pompous asshole?

>>24901023
ok gay glowing nigger

How are you coping with bleeding sats? 0.0068 now

>xmr thread

>>24901934
0.0069 now, also we had a run to .0081 like 2 days ago.

>>24895811
thanks faggot
this is really fantastic

>>24901934
we are holding our usd value.
we've decoupled from the market.
if bitcoin drops our ratio will rise.

>>24897361
300k would be around 6 trillion market cap, gold is around 10 trillion and that's a smaller rise than the last halving cycle bubbles. So it's not that unrealistic.

>>24899064
>name me a single person who was arrested because of a traced monero transaction.
Feds are just collecting data right now to not reveal their hand, sort of like the Enigma code break in WW2. Rest assured that once they start issuing the warrants xmr is going straight to 0. You don’t want that risk even if you don’t believe me. Remember that feds always win in the end it’s just a matter of time and xmr is already overvalued. That’s why I tell anons to look into piratechain

>>24902693
lol and we're at 0.07btc now. /biz/ will fomo in at 0.1btc.

>>24903104
even still it's safer than buttcoin or most other things which will be regulated to oblivion since institutional money is getting into it. regulations always follow.

I wouldn't be surprised if the US made it illegal to trade crypto outside of scheduled trading hours, like stocks. LOL

So I was using mymonero web wallet which was working fine. Then saw sendmonero.to web wallet which could convert your monero to btc or fiat. Thought I would give that a try. So I out in my seed phrase and boom. There goes my funds. :(

>>24903104
>Source: dude trust me
If this is somehow true then what are the feds waiting for?

>>24903200
Thanks. Just purchased 8 more XMR.

>>24901469
>Monero doesn’t bottleneck the network if there is an increase in transactions
That wasn't the problem being debated. Bitcoin's bottleneck was a deliberate addition to the code, they knew how to remove it. The argument was that they *shouldn't* remove it, they should leave it bottlenecked permanently, because an artificial bottleneck in the protocol is supposed to be better for decentralization than letting the throughput grow until weaker nodes run into hardware bottlenecks.

>>24901622
None, because there's no contradiction. Those aren't even viewpoints, one is a definition and one is an objective statement about Monero, and I legitimately can't tell what conflict you're trying to highlight here. Don't lecture me about pomposity after your insinuation that reading my actual argument was beneath you on the basis of a single line, which you misunderstood. Fuck you.

>>24901813
Really can't tell why that post is so offensive, other than to the guy I directly insulted. It's a pro-Monero post. The intent is to address the common misconception here that Monero's dynamic block size addresses scaling. It doesn't and it's not intended to, it exists to resist spam in a way that doesn't artificially cap Monero's growth. If a Bitcoiner tells you Monero "doesn't scale" and you respond "dynamic block sizes", you're not addressing the point they're making. Bitcoiners believe that if block sizes are allowed to increase indefinitely, like Monero's do automatically, you will run into hardware constraints which promote centralization. This is the argument they are invoking when they talk about "scaling". Monero doesn't bother addressing this concern because it's propaganda and unlikely to ever be a real issue.

>>24898731
Name any chain that is nog centralised that scales

>>24903306
I linked source above on government sponsored company filing patents on tracing monero transactions. I’m done spoonfeeding you lol just dyor if you don’t believe me and think for yourself.

>>24896866
>btc 300k
>xmr 0.06

delusional. Bitcoin would at the very best be 250k. Most likely bitcoin will be somewhere around 100k-150k and monero 0.03. Top will be somewhere about $3k-$4k.

>>24903104
I'll switch to piratechain when the darknet global market economy puts their trust in i.

>>24903104
Can you explain zksnarks if not you have no idea wtf you are talking about

>>24895642
PirateChain is better

>>24903107
lmao yeah my fellow monero chad.This is spot on.
>>24903104
lmfao. Oh yes. Look into the crypto that literally nobody uses (how many daily transactions do you have?) instead of the one that is actually being adopted on the dark net.
Oh, weird. You weren't able to find me any examples. All you can do is say that the feds are "just collecting data to not reveal their hand". Yeah not a surprise. Keep supporting the vertcoin of privacy kek. .
>>24903200
that's a scam anon.
https://www.reddit.com/r/Monero/comments/kew8jy/dont_use_sendmoneroto/
>>24903336
>because an artificial bottleneck in the protocol is supposed to be better for decentralization than letting the throughput grow until weaker nodes run into hardware bottlenecks.
this makes no fucking sense.
increase the blocksize to allow transactions to go through so there is no mempool shit going on.
and hardware bottle necks? That makes no fucking sense. Tell me, how expensive was it to buy 100 gbs in 2010. How expensive is it now?
Crypto doesn't scale well and you are right about this, but Monero does solve this with a realistic and long term view. This is my point.

>>24903502
Stop shilling

>>24903379
>>24899052

I will remind you again the CEO of the firm said once XMR is off an exchange it is gone. Exchanges can only KYC to the receiving address, as with all existing cryptos (and equities, and fixed income, and derivatives, for all retail, institutional, and darkpool trading is currently and will continue to be under the jurisdiction of the SEC/FINRA) that are currently on a KYC platform.

Reminder every Monero fudder is either a scammer or sad little glownigger, nowhere to go but up

>>24900682
Took out the money and bought btc face to face with cash

>>24903429
I'm used to btc surprising everyone, selling at 100k is like selling at 10k last time just because it's a nice round number. And xmr's ath was around .035 so I think .06 might even be an underestimate. It'll take a lot more money flowing in this time so I see how it seems delusional though.

>>24903508
>this makes no fucking sense.
Agree.
>increase the blocksize to allow transactions to go through so there is no mempool shit going on.
Agree.
>and hardware bottle necks? That makes no fucking sense. Tell me, how expensive was it to buy 100 gbs in 2010. How expensive is it now?
Agree.
My point is that while this is all silly, it is what Bitcoiners actually believe, and it's what they mean when they say Monero "doesn't scale". So it doesn't make sense to say Monero solves this problem, because it doesn't, because it's not a real problem. But they believe it is and if you want to argue with them you'll need to address them on those terms. That's all I've been trying to argue; "dynamic block size" is talking past anyone who makes the "doesn't scale" claim because it doesn't address their underlying assumptions.

>>24903606
So obvious how manufactured it is. There's whole threads where you get almost nobody talking shit and then ones with multiple fags coming here to repeat the same tired drivel that's been proven false. By $250 they should hopefully be less annoying.

>>24903996
Bitcoiners believe that Bitcoin is flawless and that LN will magically solve all of their issues.
>"dynamic block size" is talking past anyone who makes the "doesn't scale" claim because it doesn't address their underlying assumptions.
Well no, it responds to it directly by saying that the blocks will just take all of the transactions and the hardware/technology over time will compensate for that.
But honestly anon it sounds like we are having an argument mostly over semantics, as you agree with what my prior post just said. You just word things weird.

>>24903508
I made that thread. AMA

>>24895881
>>24898974
>>24903104
>>24903502
>piratechain
Do you realize how fucking retarded it is to even talk about the token
"how many ARRR you got bro?"
"send me 10 ARRRRRRRRR I'M FUCKING RETARDED"
fucking imbeciles fuck off with your fucking pirate retarded shit off fucking cocksuckers

>>24903624
Why?

ooo

>>24905044
Sounds less retarded than Monero tbqfh. Monero sounds like some third world bank in venezuela. Hola muchachos, tiene la Monero? Jajajaja

>>24903320
Very cool, how many are you up to now?

>>24906257
Cope

>>24905044
kek

>>24895642
nonce coin

>>24906257
>doesn't know about esperanto
>doesn't realize it is the normie combination of Money and Dinero
not gonna make it

Fuck this stable coin I'm selling everything for bitcoin and shorting this POS

>>24907891
>esperanto
pretentious pidgin

>>24907934
post the short.

>>24907934
1pbtid

monero bros thoughts on this and what kind of effect it will have on monero? >>24904625

>>24908007
Seconding this, please do short XMR as bitcoin goes on the ultimate bull run lmfao

>>24908087
I'm shorting btc desu

>>24908007
>>24908087
No I'm fudding my investment to trick the bots reading the sentiment to flip long Im 2x all in xmr

>>24900237
HDD are safer.

>>24908546
Oh

>>24907891
I don't like Esperanto because "inventing" a language is disgusting and of course it was done by a globalist Jew. Just the name itself though, "Monero" is a decently close to the word money in a lot of languages.

>The word for "money" and/or "coin" in the most spoken European languages:

>English: money (money)
>Spanish: dinero (money) / monedar (coin)
>Russian: мoнeтa (coin) [sounds like "maneta"]
>Portuguese: dinheiro (money) / moeda (coin
>French: monnaie (money/coin)
>German: Münze (coin)
>Italian: denaro (money) / moneta (coin)
>Polish: moneta (coin)
>Ukrainian: мoнeтa (coin)
>Romanian: monedă (coin)
>Dutch: munt (coin)
>Serbian: мoнeтa (money)
>Irish: mona (money)
>Estonian: monēta (money)
>Lithuanian: moneta (money)

>>24895881
What happened to 0xMR being the scam? Now its ARRR?

>>24908589
I'm pretty pissed though this shit needs to pump

>>24908989
they both are

>>24901242
Having this fucking problem right now. 0 balance on my GUI wallet also no transactions, WTF. Ngl is my first day working with monero received literally my first transaction. How the fuck I saw the TX? I mean I got the TX but I need to decode and asks for my PKEY, like WTF why, can I lose my funds by sending my PKEY to a xmr block explorer?

>>24909554
what type of wallet are you running? what is your operating system? are you running simple mode or something else?

>>24905304
Gonna buy a house

will normalfags ever adopt this coin

>>24909790
see
>>24909554

look at this retard struggle and i bet he is far from a normie

when 5 figures

>>24909790
you realize pornhub accepts monero.

It's slowly seeping into the conscience of the normies

>>24909609
Why is he stuck on this for like hours while I selected simple mode (he shouldn't download the blockchain but he is doing it anyway). Will reinstall here and try again
>>24909870
I came from eth blockchain

>>24910084
you probably imported your seed so it needs to check the whole blockchain for transactions

>>24910084
what do you mean? that anon had a problem and it was troubleshooted (he wasn't connecting to a daemon so we told him how to).

>>24910084
You should have set the restore height correctly when you created the wallet. Now it's scanning the blockchain from 2014 until now and it takes a lot of CPU time.

im also trying to download the blockchain and malware bytes keeps blocking this (supposed) trojan. will unblocking it fix my download problems? i did the verification correctly as far as i know

>>24910366
you need to whitelist the gui for windows because it flags the miner that's built into it as a virus.

>>24910366
just connect to a remote node, check google there is a couple of fast ones

>>24910394
Is there an issue opened on this?
Either we ask to whitelist it to AV companies or remove the miner from the base client.

This kills the newfags