/biz/ - Business & Finance

> xmr thread

I am quite happy that the price is crashing, keeps the community clean from gamblers. Everyone running a local node remember to open P2P port 18080. Less than 900 people have their ports open as such anybody who wants to download a copy of the node has low download speeds.

>>25491560
>>25492020
based
>>25492147
normies will never make it, which makes me very happy indeed

bump for the king

are people really going to hide their profits in xmr? I might buy some if so

>>25493622
how can you even have doubt, does your debit card broadcast your balance and transactions to everyone whenever you check out?

>>25493849
okay. I think I like the ethos of xmr, it reminds me of old btc
what is the suicide stack amount do you think?

>xmr thread

Does monero daemon require a specific port? (18080), because I'm always on a vpn and it does have port forwarding but the port is given to you at random.

>>25493622
>are people really going to hide their profits in xmr?

Of course, (banking) privacy is always appreciated.

>>25491408
Sorry fudder, XMR Chads have Adamantium hands. If you feel financially ruined because you your profile dropped 20%, I feel like you've gotta be new to crypto. Volatility is to be expected, especially with a project like this that will regularly be attacked by the global elite. In the past few weeks a bunch of ripple refugees piled in, and on the news of an exchange delisting they got PTSD and fearfagged out, leading to the current drop.

If you're that upset, sell your XMR, buy anything else, and hang in their generals. Alternatively, stay here and offer whatever legitimate critiques you can offer- (and I know you're articulate from previous threads, so by all means we welcome the intelligent debate). However, if it all boils down to LINE GO DOWN AAAAAAH SHOULD'VE GOT BTC, then you have nothing to offer us and vice versa.

>>25494013
>what is the suicide stack amount do you think?

50 is basic, 100 is comfy, 500+ is hookers & blow

>>25494371
this is from june 2018 and as you can see in historic charts the 1 year target was nevere reached.

Optimistic: Due for a massive ocrrection
Pessimistic: The research is trash

Ok, I got an actual question about atomic swaps and their price impact. Why do you guys think that the implementation of atomic swaps will make btc whales fomo into xmr ?
The current swap fees aren't that huge, so why would they not exchange now ?
Or is it more that we are waiting for btc regulations to come into effect ?

>>25494684
dirty butts get washed with xmr already

>>25494684
I think the theory is that once atomic swaps are available there will be a lot more demand for xmr. more people who need xmr == higher price

>>25494659
BTC and ETH have hit those targets literally today, and now we know XRP is going to 0 just like they predicted. i have faith in XMR, it’s only a matter of time

>>25494849
I'm not fighting you, just providing context.

>>25494371
thanks. i think i will now pick up an unknown amount of monero
1 last thing sorry. am i running a node if i have the monero program running and have daemon all synchronised?

>>25494999
Depends on your settings. iirc it's called advanced mode or something

to make it public you need to open two ports; one for the peer to peer blockchain distribution, the other to allow remote nodes

>absolut with the ice let's get hammered

>>25494659
>Optimistic: Due for a massive ocrrection
>Pessimistic: The research is trash

Reasonable guesstimate based on current trends. They (Satis Group) expect the primary driver of XMR price to ultimately be shadow economy adoption:

"Recently, we have already seen early signs of adoption by some of these cryptoassets; ransoms being posted to large corporations where even BTC could be tracked and was not the preferred method money laundering and asset shielding. Looking into the space, we believe the use cases that target the largest end markets will primarily use XMR (~60%) and ZEC (~ 20 Despite developers and executives associated with these projects declining to comment upon illegal use (to avoid legal ramifications), the largest opportunity within the Privacy networks will be unlawful activities."

https://www.3bit-lab.com/documents/satis-group-cryptoasset-initiation-report-fundamental-valuation-201808.pdf

So, first darknet trade and ransomware/extortion activity (current phase) and then gradually scaling up to major black money laundering. We're already starting to see the big players moving into crypto:

>Latin American crime cartels turn to cryptocurrencies for money laundering
https://www.reuters.com/article/mexico-bitcoin-insight-idUSKBN28I1KD

>Cali Drug Cartel Member Arrested for Crypto Money Laundering
https://decrypt.co/47740/cali-drug-cartel-member-arrested-crypto-money-laundering

And you can bet your ass they won't be using BTC in the long-term.

>>25495128
thank you. i looked at some things. i think i am indeed running a node

>>25495316
>And you can bet your ass they won't be using BTC in the long-term.

And you can bet your ass I won't be using BTC in the med-to-long-term either. Every transaction on a public blockchain is a liability that has to be priced in, but btc maxis don't.

Just can't stand the number big - buy now mentality thats prevelant for every other fucking coin.

>>25495360
f yeah, one node more on the network. ty

Idk wtf "bullish" even is, but I feel it rn, I want to wageslave hard and invest at least 20k into xmr
Can't wait anons

>>25495184
good taste in coin, bad taste in drink. try pic attached

>>25495492
Thanks anon. I just cashed out some btc recently, will see if i can find some

BISQ ANDROID NAO
>incognito.org
Should I?

>>25494684
>Ok, I got an actual question about atomic swaps and their price impact. Why do you guys think that the implementation of atomic swaps will make btc whales fomo into xmr ?

Because once atomic swaps are operational, all other BTC mixers are rendered instantly obsolete. In other words, BTC -> XMR -> BTC becomes the gold standard for mixing/cleaning/rebirthing. And for whales, this represents an ideal opportunity to rebirth/sell their coins with guaranteed discretion, basically to finally be able to enjoy a measure of true banking privacy.
>>25494806
>I think the theory is that once atomic swaps are available there will be a lot more demand for xmr. more people who need xmr == higher price

Asymmetrical demand and BTC's inherent non-fungibility will be drivers of Monero's price. "Oh, you want me to take your potentially tainted Bitcoins off your hands in exchange for my pristine Moneroj? It'll cost ya."

In other words, XMR holders get to charge a premium because they will need our Monero more than we'll need their Bitcoin, essentially constant upward pressure.

>>25495710
I saw this a while ago and completely forgot about it. Anyone use this app?

Dumped all my bags except monero before everything dropped. Looking at the chart during this dump, it seems confirmed that we've mostly decoupled from BTC and ETH. Very bullish for the long term.

Who rekt?

In terms of price action, can xmr reach the price levels of bitcoin?

Im very bullish on monero due to atomic swaps and the tail emission.

Also, im considering buying 100 XMR tokens for the long term (5/10 years).

>>25496223
>In terms of price action, can xmr reach the price levels of bitcoin?

Nobody knows, everyone is talking out of their ass if they claim otherwise. iirc here was a video on the monero youtube channel from some consulting guy comparing BTC and XMR to gold which was rather informative

>>25496037
>Activate quantum immortality.

>>25496223
I think many large cap cryptos will collapse never to recover again, that money has to flow somewhere

It is a sad when the market has decided Monero was the shit coin all along.

>>25496565
>tHe mArKeT HaS DeCiDeD MoNeRo wAs tHe sHiT CoIn

>>25496565
yeah, it's pretty sad, it is arguably the best E-Currency out there and nobody touches it.

>>25496617
>i ThInK MaNy LaRGe CaP CrYpToS WiLl CoLlApSE NeVeR To ReCoVeR AgAiN, ThAt MoNeY HaS To FloW SoMEWhERe.. To MoNeRo RiGhT???

>>25496689
Yes.

>>25496565
>>25496689
cya in the future

>>25496848
>>25496689
>>25496565

>>25496223
>In terms of price action, can xmr reach the price levels of bitcoin?

Based on current adoption trends, 5 figures is reasonable to expect, Satis Group, for example, projects $40K XMR.

>Im very bullish on monero due to atomic swaps and the tail emission.

Atomic swaps will make XMR indispensable for reliable BTC mixing, driving demand through the roof.

>Also, im considering buying 100 XMR tokens for the long term (5/10 years).

100 is very comfy, at $10K XMR you're a millionare. Wait a while longer and you're a multi-millionaire.

BI-WEEKLY REMINDER THAT DJ BILLYBOOL ENDORSES MONERO AND HATES 0XMONERO

>>25496628
boomers get scared because it's used for illegal things. After 10 years and increasing control over btc they finally "dare" to try a piece of the cake

Monero is a scam, Xmoner0z+ is better

>>25494241
You can use any port. This would be the flag to use when starting your daemon

--p2p-bind-port

>>25496952
who the fuck is dj billyboi?

>>25497363
Famous DJ

>>25497817
bullish

>>25496952

Somebody get Ja Rule on the record.

>>25491408
Kill yourself fudding op.

Fellow monerochads
I have a meager 0.09 ETH and 0.085 BTC. An unknown amount of Monero, of course. Would you dump these small amou ts into XMR as well?

>>25491408
Gonna market buy stablecoin pair in few days once btc dump is over. Ez 2x. If it doesn't work out, Ill just hold.

This is why monero is better than any shitcoin.

>>25498047
Don't ever talk absolute values, it's unimportant and just extra attack surface.

>Would you dump these small amouts into XMR as well?

Keep some are reserve, depending on your risk tolerance. I consider 10%-80% monero in any crypto portfolio reasonable.

Don't know much about eth, but I think BTC > ETH; ETH's complexitiy is a substancial risk imo.

Is now the time to stack more xmr, or you reckon the price will drop even further?

>>25494358
based
where to dump monero my ass

Countless times in history have people been cheated out of their labor's worth by rulers and central banks. In order to avoid such fates, free people require free money: Money that is not at the whim of whoever is in power.

Monero really is the last great hope of crypto.
Most other big chains are completely monitored and subverted by legacy institutions.
It is time to get crypto back to its original vision again!
I believe in Monero! I believe in its purpose and its promise!
I believe its best gains have not yet been seen.
I believe XMRs greatest pumps are reserved for the future.
And with the help and the courage of anons from all over the world, we will give people the chance to experience economic freedom everywhere!

If yonder morrow all coins were gone,
All mining gone awry...
And given my own to start anew,
Were a CPU and some time.

I'd bless my gracious fortune,
and boldly hence proclaim...
Monero standeth for liberty...
And they shan't take that away.

There be many fudders, shills and pajeets,
in this humble thread of mine...
But shitcoins and bitcoins will meet their fate,
they shan't stand the long test of time.

I bless my gracious fortune,
and boldly here proclaim...
Monero standeth for liberty...
And they shan't take that away.

The merchants and banks, they bring forth their bans,
their might, they wish to maintain...
They quiver in fright when Monero's in sight,
For Monero reveals their false games.

I bless my gracious fortune,
and boldly here proclaim...
Monero standeth for liberty...
And they shan't take that away.

Now choose ye this day what to trust in,
In fiat or true liberty...
But just as my house and my brethren,
Monero's the future for me.

>>25498618
Incredibly based. Monero is ultimate comfy and fud-resistant coin

>>25494013
an unknown amount
we do have the best ethos indeed
xmr is what people think bitcoin stands for

>>25491408
It's dead man. Sorry.

I've moved on to Fuse and will wait 1-2 years for 2015 esque XMR gains.

>>25491408
imagine fudding xmr I would neck lol

>>25498852
the OP is a shitty FUD
fuck off to Fuse then we don't need no Pajeets in our general

>>25498301

>Is now the time to stack more xmr, or you reckon the price will drop even further?

Yes.

>>25496440
>video on the monero youtube channel from some consulting guy comparing BTC and XMR to gold which was rather informative
Probably this guy
https://www.youtube.com/watch?v=wq6w03E2DS4&t=0

>>25499648
indeed, thanks for finding it

>>25496952
Didn't know this guy. I'd like to post my own reminder: Monero's original music nigger

https://www.youtube.com/watch?v=rRxalfwCS5E

>>25499648
Based Dr. Kim

Freewallet.org is not letting me withdraw due to no email verification.
-no verification email arrives when I hit resend??
Anyone familiar?

>>25501379
why would you use such a piece of shit chink exchange?

>>25501379
freewallet is known as a scam. Your sweat ɱ are gone, sry

Lol, biz recommendation

Fuck, Even though I can see the xmr balance?
Gracias

>>25501379
The only officially recognized web wallet is mymonero.com – owned by Monero Core Team Member fluffyponyza

Never owned any XMR but these levels are tempting. Are there any friendly money lending merchants who will pay interest on deposits?

>>25500740
Wearing a monero hoodie is like asking the IRS to anally rape you. Based monero chad but why the fuck would he wear that hoodie

>>25501593
Most likely. see reddit.com/r/monero/wiki/avoid fot other user stories. was a quick google search, you'll have to put up with that gay site

>>25501616
>Are there any friendly money lending merchants who will pay interest on deposits?

I'm not sure if that's even possibe with the that level of privacy and without trusting a 3rd party.

Can someone give me a quick rundown on syncing the GUI client? I have the banlist txt file and the --ban-list flag. I've been trying to sync ~5k blocks for 5 hours.

How long has this attack been going on? Is it known who's doing it?

>>25501743
Seems to be something like that, so not really a bad thing I guess

>>25502189
>Seems to be something like that, so not really a bad thing I guess

i cant sync tho

>>25501616
>interest on deposits
Poloniex does but the rates are very low and it takes a bit of active management because your constantly re-entering your coins into a lending market.

>>25501850
Are you actually syncing your own mode or are you connecting to a remote node? Sounds like the latter and you se having trouble manually connecting to a remote node.

>>25502462
local node. went really well until ~5k blocks remaining.

>>25502311
Just checked mine (gui on win10) and it works just fine, even without banlist. No clue what's wrong with your node.

>>25502462
I second this

>>25502492
based
thank you for fighting for your privacy

>>25501850
If you've still got 5k to go you might have other problems. The main attack was nodes reporting 2 extra blocks that didn't exist so you couldn't actually finish syncing to 100% until you banned them. You could easily spot these nodes by looking at --sync_info

If you took my advice here
>>25497236 it might have stuffed you up because the correct command for this >>25494241should actually be --p2p-external-port

>>25502492
Did you try restarting?

>>25502619
dunno, i'm not using any other flags. just installed the latest a few hours ago after not updating for a while. i'll start the daemon and it will sync ~200 blocks before stopping, and it will only start up again after stopping and starting the daemon again making the process quite slow in comparison to getting to this point.

>>25494241
>because I'm always on a vpn
most VPNs are NAT, and you can't control port forwarding
therefore, running a node behind a VPN won't help anyone but yourself.

>>25494684
makes it easier to conceal their gains
who wants to pay the government half of what they earn for having no planning, thrift, or foresight when all they do is print money and spend it on wall street and illegals?

>>25502819
Weird. Dunno man could be something new. Haven't run my node for a few days. Could still type "sync_info" (it's not a flag with -- in front like I said before whoops) to investigate and you could experiment with different --block-sync-size amounts I guess.

>>25503022
checked and moneropilled

>>25503132
it gets more weird, it just synced the remaining 4k almost instantly. for w/e reason console commands like sync_info were extremely sluggish to respond as well.

>>25496976
>boomers get scared because it's used for illegal things
Meanwhile the shit that UBS and HSBC among others gets no attention, and essentially no punishment.
Good thing the US Government is all over capital controls and law enforcement


I was lucky last night
I picked up an unknown amount of monero during the dip below $130
I'm nearly break even from 12 hours ago
Not bad.
Also, still mining

What's this pattern called? Crazy wick there, wish I had a limit order in.

>>25503435
>still mining
same here anon, making some profit off all these retarded ETH fees too

>>25503435
>Also, still mining
Thanks for keeping the network secure.

Would like to do, but our stupid covernment slaps a "green tax" on electricity, so 1kWh costs like 0.0025ɱ while big companies pay only 0.0005ɱ. A frickin scam

>>25504176
I have 3 GTX 770s in my various systems.
I need to try to mine ETH with those as they were buggy and slow with XMR

>>25504384
those can't even mine ETH anon, dag size is past 4GB

>>25504485
ugh.
are they good for anything?

>>25503417
Great to hear anon. You’re a chad for supporting the network.

>>25504728
probably not, too old for anything

>>25491408
Respects from /pmg/ to the only crypto worth a damn.

Man, looking at the ways of getting XMR show how early we are. If Local Monero is the best way to get XMR without KYC, then Atomic Swaps will be huge

>>25505435
Based. A lot of us also stack pms.

>>25505163
thanks senpai

>>25505435
Fucking based, I hold an unknown amount of XMR + PMs. /pmg/ and Monerochads share a special bond.

>>25505688
Fact! XMR is lit but you gotta be prepared for a solar flare knocking down the grid and fucking up crypto for years.

>>25505435
good to have you here PMG anon, your format for DGs was an inspiration for ours.

>>25505615
>Man, looking at the ways of getting XMR show how early we are. If Local Monero is the best way to get XMR without KYC, then Atomic Swaps will be huge

Atomic swaps will be a game changer because acquiring XMR will instantly become as easy as buying BTC on Coinbase and thus Monero essentially becomes FUD-proof.

At that point, banning it becomes pointless and would only serve as free publicity.

>>25505615
>>25506414

>>25505615
Why not just get it on regular exchanges? unless kyc is a big factor for you ofc

>>25494013
As much as you possibly can

>>25506610
>unless kyc is a big factor for you ofc

for many whales it is. imagine satoshi to show up at coinbase trying to exchange his early coins. all hell would broke loose, and he'd be hunted down like snowden.

>>25506553
Yep, asymmetrical demand = guaranteed moon mission. To clean/rebirth just one BTC would today require ~230 XMR. To clean thousands, tens of thousands.......