/biz/ - Business & Finance

>>25302053
The number of monero in existence is unknown. You are buying a manipulated scam coin with infinite supply.

>>25302137
the exact number is unknown, but the approximations are probably very close. Monero has a tail emission scheme to curb the economic disaster will face after the last coin is mined.

>>25302195
Monero actually gets connected to an unfair initial distribution quite often. The background of that claim is that Monero is a fork of Bytecoin which had an obfuscated and badly optimised, arguably deoptimised miner. Some developers were able to optimise it and use it before publishing those efficiency changes, hence getting an advantage. It is a matter of argumentation if this is an unfair advantage of those early developers or if it was a logical result of forking bad code and making Monero out of it.

Do if you will. A fool and his Bitcoin are soon parted.

>>25302377
well, I'm sure early eth and btc miners had similar advantages. I don't think it says anything about the viability of the project. Eth and most other coins have "infinite" supply too btw

>>25302053
It's a racist alt-right dogwhistle. BTC is inclusive. We need to build back better.

>>25302418
Monero is never going to succeed. Just buy bitcoin. It’s not too late to get rich.

>>25302449
fuck off kike.
i don't want you to know my transaction history

>>25302053
>literally betting that normies are smart enough to acquire monero
seriously?

>>25302449
Because untraceable transactions aren't crypto's killer app

>>25302053
the truth is, anyone asking that question doesn't have enough money to even matter.
honestly, it doesn't matter if you keep your piggybank money in btc or monero or eth, etc.
anything less than 100K is fine whatever you want to do.
if you had real money it literally would never occur to you that there was a question.

I'm on 50/50 split. Very comfy.

>>25302615
Unironically this. Reliable digital store of value is the crypto killer app.

Monero consistently underperforms as an investment.

>>25302053
Why would I try and convince you to hodl king shitcoin for a project that
1. Does better at bitcoins original stated purpose as a currency than bitcoin itself (store of value revisionists can kill themselves for all I care)
2. Does better at bitcoins popular conception as a private magic internet money than bitcoin itself does.
3. Serves an important purpose in maintaining people's privacy, autonomy and sovereignty by stopping ZOG from tracking them (hence shills in this thread trying to convince you to use only traceable, public, transparent ledgers).
4. Curtails the globohomo agenda to control EVERY aspect of your life.
Go for it OP

>>25302053
if you can take the FUD headwinds, you'll ultimately have a better stack than any other crypto.
Monero is what people want from a digital currency.
200 XMR is a make it stack

Watch this if you haven't seen it yet OP
https://www.youtube.com/watch?v=6ckWGZdSBHA

FIRO will get its day in 2021. Have been accumulating these past few weeks.

>>25303101
>It's only up 244% this year
>That means it's shit!!!
You are pic related

This is a coin for vagabonds the monero website has travel guides and all sorts of shit you can buy with it.

>>25302053
>hobbyist project
>barely used
>privacy coin crackdown coming soon

>>25304732
Sounds bullish to me. Dark web dealers often need to stay mobile

>>25304764
Atomic swaps = crackdown resistant

>>25302053
Can you explain how this thing is untraceable to a brainlet?

>>25302053
you should be looking into EPIC before ECR in Q1. go do some reading.

XMR is dead at worst and overpriced at best

>>25305141
Come hang out in Monero DG anon!

I'm a coding brainlet, but I submit to you these facts:

1) the code is open source, so all the people who are super smart at math and programming can see exactly HOW it works to be untraceable, and if they could demonstrate flaws in monero that no one else saw they would gain fame and acclaim.

2) the IRS put a $650,000 bounty on this coin's head for anyone who could trace it, and nobody has been able to claim the money.

Those facts make me reasonably certain that it works as advertised. Beyond that the answer is: complicated ass math and code makes it untraceable.

The free ebook below starts with a simple explanation of the HOW and then elaborates with the kind of complex specificity that I'm not quite autistic enough to wrap my head around.

https://books.google.com/books/about/Mastering_Monero.html?id=K7FqDwAAQBAJ&printsec=frontcover&source=kp_read_button

>>25305673
>free ebook
sounds like a straight up scam, it always start with a free ebook isn't it
>nobody has been able to claim the money
it isn't traceable YET

>>25305866
And unlikely to be traceable anytime soon.

>>25305866
Monero is already broken by Ciphertrace (fed contractors). It is nothing but a honeypot at this point. There are much better privacy projects out there but I won’t shill since I’m not done accumulating.

>>25304764
>nigger

>>25302053
Undervalued? Monero is an overpriced fork of Bytecoin that can be tracked. There are 100 cryptonote coins, all with similar features, many of which are priced under .01 usd. If you want undervalued, that's 0x.Mon.ero.

>>25306884
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
shut up
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

>>25306884
>0x.Mon.ero
please tell me what 0xmonero does and why it is better. i have 1k usd in xmr rn

>>25306963
Not paying your bribe ranjeet

>>25306969
>please tell me what 0xmonero does and why it is better
it doesn't do anything.
it's not better.
0xmonero has no privacy features of any kind.
>>25306996
i haven't asked you for a bribe.
i'm just telling the truth, not extorting you.

>>25306969
You don't have to buy 0xMonero, but you should be aware Monero:
... has wallets that don't work
... has a majority of nodes that are malicious
... is tracked by the government and ciphertrace
... has fake branded wallets
... has malware on it's website
... has the majority of hashrate contributed by cryptojacker malware and bots
... has the majority of hashrate in one pool that can double spend and bring the entire blockchain down at any time
... you cannot properly use without running a full node and using a command line interface

If you want to learn about 0xMonero you can visit 0xMonero.com and contact the team in their Telegram.

>>25307015
Even if the team wanted to, they don't have a dev wallet to pay you with so you might as well give up.

>>25307048
to everyone's knowledge, monero actually works.
0xmonero, despite its name, has nothing to do with monero.
it has no privacy-related techology at all.
it is a plagiarized version of 0xbitcoin.
>>25307085
i don't care.
i doubt anyone is trying to extort you.
it's just another stupid lie that you're telling.
lying is all you ever do.

Monero has a lot of money coming in and out. Its primary use is that of private currency not a private store of value.

>>25302053
It's dumping sats like the turd that it is.

>>25307136
I'm willing to bet you don't even hold Monero, you are a 0xBitcoin shill

>>25306557

I expect they'll be collecting the IRS' $625K bounty then.....any day now......

But seriously, nah.

>Even CipherTrace CEO Dave Jevans has admitted that tracing Monero is more about probabilities rather than certainties.

https://www.bitrates.com/news/p/can-monero-be-traced-how-the-us-is-trying-to-track-the-privacy-coin