/biz/ - Business & Finance

Thread mix: https://www.youtube.com/watch?v=zzoxXIHJcFI

Shit, monerbros.
I got so cozy holding XMR that I had to take a nap.

>0.0039
why am i still holding this garbage

>>25579776
https://
discord
.gg/mKRm3py9

XMR CHAT, Join and have fun

>>25580361
go away cia

>>25579776
Monero is the IDEAL medium for private value exchange. Cash abolishment will happen faster than you think and Covid19-2? has created the perfect alibi for this. Adoption begins with darknet markets, just as it did with BTC, and then eventuates to absolutely private SoV. The rich tend not to like their wealth as public knowledge. Or the source or destination of it. There is huge value in mapping the Bitcoin (or any transparent) blockchain. Hence the abundance of blockchain analytics companies. There will undoubtedly be more delisting FUD this market cycle but the technology is close to unstoppable. Did you finish off last year with more individual sovereignty than you started with? Do you think the same will be true this year? and the next? God I hope the Monero project continues to be successful, because a world without it is grim.

>>25580494
SHUT UP YOU FUCKING JEET

>>25580327
Did you lose your nerve after a few days?
This is an opportunity to get monero at a discount.

Remember where buttcoin was 5 years ago?
Where will monero be in 5 years?

>>25580614
If you want to converse use the iirc or the mattersmost rooms. Don't spam your honeypot here.

>>25579776
Can we realistically expect $1000 moon mission in spite of the delisting fud?

>>25580702
if you listening to the delisting fud your ngmi

what is the roadmap for Monero?
better logo hopefully

>>25580327
>>25580702
if you weak hands but really care about monero just mine it and or run a node to support the network.

>>25580735
>better logo hopefully
The essence of /biz/ in three words.

>>25580903
are you denying the importance of a good logo bro? It's important to me

>>25580681
SHUT UP join my discord

>>25580735
>>25580935
the logo is never going to change, this isn't some pajeet scam that was created last year.

>>25580946
at least don't shill it in every thread.

Nice read:
https://downloads.getmonero.org/Monero_Policy_Working_Group_FinCEN_01-04-2021.pdf

>xmr thread

Is there any way to generate interest with my Monero? using legitimate platforms like blockfi or Nexo? Dont hit me with "now your keys not your crypto".

Time to drop some red pills for any prospective Monerbros lurking.

>>25581670
there's one called "coinloan" that lists xmr but i'm not sure if it's a scam or not

>>25581670
Kraken has some open research grant, I think on the most recent coffee and monero chat or whatever its called the team was going to reach out to them. Helping stateside broker/dealers and regulators understand KYC would be a good start, this would be worth a read. https://www.perkinscoie.com/en/news-insights/anti-money-laundering-regulation-of-privacy-enabling-cryptocurrencies.html

>>25581670
shit sorry anon I thought you meant general interest in Monero

>>25581670
How legit is BlockFi?

I know its XMR thread but I want to start earning some interest on my ETH instead of it just sitting there.

>>25581713
IRS seems like they have a bone to pick.

Maybe it’s because Monero WORKS

>>25582100
This should be ringing bells for those of you old enough to remember 2010-2013 Bitcoin threads. Even as a young teen with my head up my ass at the time, this is ringing a lot of bells.

>>25581713
so... i don't have to pay commisions to the Binance jew anymore?

>>25580644
checked and based miner

>>25582100
Bullish.

>>25582433
CZ ain’t keeping those funds safu once this is available

>>25582313
Black hats choose Monero because it works

>>25582850
So do government officials

>>25582906
why declare though

>>25580735
>>25580935
XMR's logo is one of the best and most memorable. Plus we have monero-chan

>>25582974
Maybe he’s working his way to a spot where he doesn’t have to worry about being caught.

monero logo is dope.

the name is kind of shit on the other hand.

Bitcoin has that one advantage of the perfect name. It perfectly encapsulates the idea of internet money.

>>25582037
BlockFi is legit. I stack sats in there. 90% is in cold storage, big official backers, they don't accept Tether... Might be an unpopular opinion ITT

>>25581670
>>25581868
I'va been using coinloan since June and it's great, live chat through the day, small team that answer emails. They just raised interest rates for fiat, monero's only 3-5 percent though. And also guaranteed feeless withdrawals on any asset, which is pretty cool although not needed for monero.

Realistically, how much time do we have before it moons? Do I have at least another month?

>>25583123
It's easy to say Bitcoin has "the perfect name" when it was the first crypto and also the largest one (and always has been)

How long until atomic swaps.. I don’t want to get raped on tax

>>25581713
I honestly think we need to stop hyping aomic swaps. It's stil a year away, stop talking about it like it's being released next week, every newb who comes in and gets hyped to buy because of the atomic swaps will leave and forget about monero when they hear it's a year away still. Not a good thing to spread to new people

>>25583248
Not long, but this is one of many cycles to come, I’m sure it’ll dump and be real cheap after this cycle, so you have a while to accumulate.

Mine it!

>>25583123
Monero means coin in Esperanto, a language created to facilitate communication between people all around the world. It's awesome, imo

>>25583341
Q4 2021

>>25583540
any links to this?
I've seen the ccs website but the last update was 3 months ago, and zero milestones have been completed since, couldn't find any updates on it, would appreciate if you could help me out.

>>25583362
Yeah I agree. Plus even when swaps are released adoption will be gradual and not overnight. Too many moonboys come here asking only because of potential pump and dumps. Really annoying.

>>25583245
What is it that gives you trust in them? It's a estonian op, if they exit there's no recourse. The founders and backers aren't doxxed. I am very comfy with BlockFi, but IDK if I want to KYC my monero again and trust somebody else to hodl it.
- Anons is there any OTHER way to have my monero working for me?

>>25583628
Last activity was ~14 days ago https://github.com/farcaster-project/RFCs

>>25583628
>>25583975
It's still very early anon. If I remember correctly, it's really dependent on BTC's implementation of Taproot and Schnorr signatures, so it's possible it comes early.

I've been holding these bags for years and it looks like the bull run is happening without xmr

>>25584091
Then sell

Meanwhile XMR/BTC ratio.... https://www.youtube.com/watch?v=K_e1T3zSZw8#t=1m11s

>>25579776
>https://archive.is/TWOah
The link is down, do you have a new one since I want to use an old rig to join a pool.

SWIM just purchased an unknown amount of XMR

bamp

XMR will test your hands and reward your patience.

https://www.3bit-lab.com/documents/satis-group-cryptoasset-initiation-report-fundamental-valuation-201808.pdf
^TLDR Privacy coins have the biggest potential for long term growth in crypto. Related note: dash and Zecash aren't actually private.

STOP MAKING THE GENERAL PROJECTS WITH GENERALS ONLY GO DOWN

>>25580361
>discord
>xmr
does not compute

>>25585683
go away, please

>>25584091
All planned of course.

XMR was pumping hard even pushing up against $200 but quite (((conveniently))) the delisting FUD was announced and that literal who exchange delisting. Garbage weak hands piss me off. Keep holding monero chads

>>25585519
Wow a report by a literal who that hasn't been close to accurate, awesome stuff

>>25585683
XMR's been on the upswing since March

>linear, asymptote
Pick one.

>>25585904
btc ratio is at all time low you coping dickhead

>>25586166
Satbro, we know your butt hurts. We know you bought monero hoping for a giant 10x overnight. We know that you think in terms of opportunity cost, and the best possible trade you could have possibly made on any given day. You seethe if you didn't make that trade, and you hate that you gambled on Monero last week instead of bitcoin or ethereum. You're thinking about all the money you could've made. We know you don't have faith in XMR or care about what it could do in the long run, but only give a shit if a coin is making you money right now.

I'm sorry it's like this. Sincerely. I'm sorry you're so angry. Now sell your monero and get the fuck out. We'll see you in 5 years.

>>25580935
>>25580735


implying you have any design sensibility or basic taste. gtfo out scrubs

>>25582906
>>25582850
>>25582313

All these posts are the exact content that lead to Bitcoins rise.

Brainlets around here like to pretend people weren't trading BTC for pizza and drugs on silk road

>>25583325
thats true to an extent is has some usage bias.

but bits being central to computing and coin obv means money it's just a dope name. its only 2 syllables which is good.

monero kind of sounds like money but also just kind of weird name

>>25583412
jesus phuck that makes it worse. you might as well name it after lord of the rings language.
nerdcoin

>>25586500
Checked and rekt

>>25587303
>>25587338
Bitcoiners are the retards who don’t realize that a currency should be designated with an X at the beginning of its ticker. BTC will never be what it was intended because it was cooped by the store of value crowd. They couldn’t give two shits about LN and even if they did, LN is a centralized plan that weakens the integrity of the network. XMR is the heir apparent to BTC.

>>25587303
>>25587338
Your criticisms of XMR make me think that you are 14 years old, up way past your bedtime, a BTC maxi because you’re too inexperienced to know a good project when you see one, and poor.

>>25580733
literally this. Thank you weak hands for discounting my xmr purchase of ???

>>25579776
if bitcoin is plan b is monero plan c?


nice monero nippppps

>>25580735
bro wdym it's the best logo out there

>>25587649
BTC is plan b for beta males who let the surveillance state fuck them in the ass
XMR is actually plan a for alpha chads who are returning value transactions to their roots.

Let me get this straight, moneros success is dependent on btc gaining widespread adoption so you can easily cash out monero drug money by atomic swapping it with btc then cashing out into fiat?

Question, is atomic swaps limited to btc xmr? Or can other pairs like xlm xmr be made aswell?

>>25587706
>asks leading question about drugs, btc, and atomic swaps
gtfo glowie, we’re not falling for your bait

>>25587509
>>25587608
im on team xmr retard. mining an undisclosed amount rn. im just acknowledging bitcoin has the best name. its a coin made of bits. self-explanatory.
wtf is a monero??

>>25587727
It means coin in a language that belongs to no one. It’s literally the epitome of decentralization.

>>25581574
elaborate

>>25587727
It means money in Esperanto.

>>25583123
>the name is kind of shit on the other hand.
respectfully disagree

the name bitcoin is bound inherently to technology and has a kinda not-real/virtual vibe to it. It was first, so we all got used to it anyways

monero on the otehr hand literally means coin/money. It's esperanto, so it's deliberatly choosen to bridge boarders and bring people together, no matter their language and nationality. because money is indifferent about race and culture. It's also the only name you could say unironically at the cashier. Just imaging going up and saying "I want to pay with etherium/ ripple/ polkadot/ cardano/ chainlink". Every other coin just sound edgy af.

>>25588035
damn you just redpilled me.

i def agree most the coins sound super cringy so at least monero isnt like that. Ethereum sounds so bad cant believe they did that

>>25588035
Based

>>25587727
It means money in a constructed language that is mostly just Spanish with a few extras tacked on.

>>25583123
>logo

i dont give a shit how much xmr is worth in fiat. just holding it makes me feel like im fighting against the NWO

>>25589242
based af. good to have you here

the nice thing is that monero is not about tearing down the establishment, just offering a better option and letting the market do the rest.

Xmr is the way

shyiettt I just learned there's only 17.81 million coins (why 17.81 btw?) and has a fraction of Bitcoin's marketcap and yet is the true decentralized coin which wasn't that supposed to be the point of all this? Monero is stupid undervalued eh. Think I'm gonna start mining this thing. It'll never disappear, it can only go up.

>>25590321
mine ETH too if you got a decent GPU, just flip it for xmr

>>25581713
Someone cryogenically freeze me and wake me up when atomic swaps are a thing

>>25590404
I can't allow that anon, you have to be here to make fun of the butts when the bubble pops

>>25579910
fucking based music tastes anon

>>25590321
there's no cap, we have the 0.6XMR per block tail emission to secure transaction independent from the current transaction volume or demand. Real lifetime cap (monero in circulation at the point you die) is around 33M (year 2120)

>>25590404
Let's get wasted vodkanon

>>25590461
Hell yeah bro let's get hammered

>>25590393
sorry can you explain why eth first? is the difficulty more efficient going that direction? why not XMR only?

>>25590495
XMR is mined on CPU, ETH on GPU
why only utilize half your pc? besides ETH mining is more profitable because of the crypto craze

>>25590495
XMR is optimized for CPU mining to combat big mining farms which always bring along some centrealisation.

XMR mining needs CPU specific instructions (eg. AES) to be efficient and a lot of fast RAM per thread. GPUs have neither AES and a poor Corecount/RAM ratio

>>25590455
honestly didn't really understand what you said but the last part.. 33M even at 2120 is still nothing compared to these multi billion coins.
>>25590583
ah I see thanks for explaining that. will plan for mining both then. Cheers

>>25590495
Let me explain this anon.
A threadripper 3970X is roughly around 2k USD, and gets roughly 25k hashes/second. Not factoring in electricity (prices vary a lot by country), that would make you around 1.64 USD/day. Not to mention that you also need to pay for am expensive motherboard that is compatible with the threadripper, and some good RAM, it affects hashrate greatly.

Right now, since the ethereum price is so high, a single RTX 3080 (which costs roughly 800 USD) can make you about 7.38 USD/day (not factoring in electricity prices). Bonus is that you don't need expensive parts for a GPU mining rig, and you can have multiple GPU's in one rig.

>>25590495
Also,check whattomine.com for calculating profitability with the electricity price you pay, and other GPU's.

>>25590683
> honestly didn't really understand what you said but the last part
Do you want to understand it?

Bitcoin has a hard limit as the reward is cut in half every cycle. All the mining is expensive and has to be paid somehow, so progressively more and more of the cost will be covered by the transaction fees. If nobody wants to pay the insane fees, the mining isn't profitable and will implode.

Monero solves this by having a 0.6XMR tail emission to infinity. Sounds le at first because the supply is infinite, but unlike the fiat inflation this suppy increase is linear. This means the year-to-year percentual inflation will go down over time. But, even if there are zero transactions, the network is secure.

>>25590683
You'll hear noobs say "but monero has infinite supply!"

Compare to bitcoin: there will only be 21million btc ever in existence. After you hit that magic number, it can inflate anymore. This is good, right? Well, kinda. Scarcity is good, but the creation of new bitcoin is what incentivizes miners- the people who run the network and keep the whole show going. Without them, bitcoin can't be sent and spent. How do you keep the system going when there's nothing in it for the people doing the work? Btc's community has some ideas for solving this, but none are perfect and a decision has yet to be reached.

Monero has a constant block reward, forever, to incentivize its miners. This means it technically inflates forever, right? Yes, but the reward is constant, even as the supply grows larger. Let's do easy math.

Year one, there are 10 total monero. 1 monero is generated per year through mining. You've increased the supply by 10%.

Year two, now you have 11 monero. At the end of the year, one fresh monero is generated. But 1/11 is 9.09%, so the amount you've inflated, as a percentage of the total supply, is less.

Year 3 you're at 1/12, now you've only added 8.3% to the total supply. Year 4 = 7.6%. And so on.

Every year the new monero added to the supply is a smaller and smaller percentage of the total. It doesn't take long before you're down below 1% (PS- gold inflates by about 1.5% annually as we add new shiny rocks to the global pile).

This is what's meant when you hear anons say that monero's inflation rate goes asymptoticly toward 0: it never hits 0, but it constantly gets closer to it.

This means monero never has to worry that it won't be worth it for the people who run the network to run the network.

Thanks for coming to my Ted Kaczynski talk.

Hourly reminder that Monero is poised to become the reserve cryptocurrency of the global shadow economy and is currently replacing BTC on the darknet while also making inroads into the cyber-crime and money laundering sectors.

>Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos
https://cointelegraph.com/news/bitcoin-will-never-be-truly-private-says-andreas-antonopoulos

>Bitcoin is too hot for criminals. They're using Monero instead
https://money.cnn.com/2018/01/03/technology/bitcoin-popularity-criminals-monero/index.html

>Crooks opt for Monero as crypto of choice to launder ill-gotten gains
https://www.theregister.com/2018/03/16/cyber_crime_economics/

>Darknet Giant White House Market Drops Bitcoin, Supports Monero Payments Only
https://news.bitcoin.com/darknet-giant-white-house-market-drops-bitcoin-supports-monero-payments-only/

>Monero replaces Bitcoin for Sodinokibi Ransomware operators
https://www.cybersecurity-insiders.com/monero-replaces-bitcoin-for-sodinokibi-ransomware-operators/

>$7.5M in Monero Demanded in Alleged Cyber Attack on Argentinian Telecom Giant
https://www.financemagnates.com/cryptocurrency/news/7-5m-in-monero-demanded-in-alleged-cyber-attack-on-argentinian-telecom-giant/

>Criminals laundered $2.8 billion in 2019 using crypto exchanges, finds a new analysis
https://www.technologyreview.com/2020/01/16/130843/cryptocurrency-money-laundering-exchanges/

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

>Why untraceable cryptocurrencies are here to stay
https://www.cbs.dk/en/the-press/news/why-untraceable-cryptocurrencies-are-here-to-stay

Considering that the global shadow economy is valued in the trillions of dollars, if just a portion of that ends up in Monero's marketcap that is still HUNDREDS of billions of dollars. 5 figure XMR is inevitable.

>>25590455
i'm going to live to be 150 years old? based

>>25590817
thank you for taking the time to explain that. I'm saving both these posts. I honestly thought the reward would be a little more but it's getting a piece of the coin and believing it'll go up. Wondering if the capital for me is better off buying coins and holding instead. Electricity isn't that cheap where I am unless I hooked it up to the building electricity but obviously that's illegal and not ethical.

>>25590985
isn't it inevitable that it will implode then? Bitcoin is brewing hoarded and so the limited transaction fees will increase even greater and it'll price people out. (apologies if I'm way off). So if Monero has this check built in, why has it not gained more traction with miners? I'm starting to think Monero is one of these "if you know you know" situations. Cards will play out eventually. No need for marketing as the tech speaks for itself.

Should I pump Monero or Doge? I love investing in memes

>>25591521
>monero
>meme
Pick one.

>>25591430
>isn't it inevitable that it will implode then
that's exactly what I think will happen, the market cant stay irrational forever eventually capital will flow to the better tech

>>25580681
What is the original photo of the knight wielding the standard?

>>25591430
>isn't it inevitable that it will implode then?
My guess. Still holding an unknown mix of assets for risk minimasation. Someone said recently "Bitcoin is a hedge against fiat, Monero is a hedge against Bitcoin." and I'm inclined to agree. However, rich people will do everything in their power to keep it proped up, even if it's just hanging by a thread. Only time will tell.

>No need for marketing as the tech speaks for itself.
Too fast growth is ironically dangerous for the long term. The nodes in the network may handle a 5x in transactions right now, but beyond some nodes are forced to drop out. The steady growth we have is much better.

>Monero has this check built in, why has it not gained more traction with miners?
My guess? Simply doesn't scale well. Pumping a lot of investment into it doesn't give you much of an edge by design. Add uncertainty of regulations, low current price (miners have to sell a part for operational costs), and a global shortage of PC parts and this is what you get.

>>25583065
Comfy

No coinbase? No thx

>>25591521
>monero
>memes
better invest in rope, fren

The market has decided Monero is a shit coin ?

>>25591716
>No coinbase?

Yeah, its too effective at what it does so they're afraid.

>>25591354
You’re too old to browse 4chin

>>25591218
MW will eat Monero’s lunch. First on LTC then on BTC

>>25591771
the market has an attention span of a 4 year old

remember: buy high - sell low

>>25591771
>The market has decided Monero is a shit coin ?

The market is highly irrational at the moment and hopped up on speculative hype.

>>25591816
>MW will eat Monero’s lunch. First on LTC then on BTC

lol optional privacy bolted on top of a public ledger will never be a reliable as default privacy built from the ground up. If your freedom depends on it, you'll use Monero.

>>25591916
Do they pay you in Monera? I'm sorry if they do

>>25592040

>>25591816
>MW will eat Monero’s lunch. First on LTC then on BTC
>>25592040
bro i've been hearing about how btc/ltc are "implementing privacy soonTM" for LITERAL YEARS when the fact is monero works TODAY FOR LESS - get fucked idiot buy the low or stay poor.
stay retarded, /biz/

>>25579776

I'm not gonna lie, I've been holding this since it was $400 a few years ago - however all these years later, even looking past the fact it is mined by botnets and only used to buy drugs, is the fact that there isn't a supply cap. Why bother buying 1000 XMR today if in five years time it will be worth less because there is more in circulation? Also, the recent sat price dumping hasn't instilled confidence in me either.

>>25592455
>that there isn't a supply cap
explaination in thread, no gonna spoonfeed you

>>25592535

The amount of /biz/ brainlets who can't conduct a basic Google search never ceases to amaze me.

>MW will eat Monero’s lunch. First on LTC then on BTC

>https://cointelegraph.com/news/slippery-slope-as-new-bitcoin-mining-pool-censors-transactions
Private currencies will be the next bubble, forget about BTC, forget about DeFis and ETH killers scams. Get yourself a fat stack of Monero and just wait.

I traded ally BTC for XMR. Did I fuck up?

>>25592692
>Get yourself a fat stack of Monero and just wait.

This is the Way.

>>25592750

Yeah, extremely risky to be in Monero atm

>>25592692
Defi points the way to the privacy bubble. The unspoken reason for the interest in defi is so trading can't be shut down by centralized globohomo powers. Private currency itself is the next step.

Will monero crash when the btc bull run ends?

>>25592750
>I traded ally BTC for XMR. Did I fuck up?

moonboy FUDsters will say yes, the fundamentals and adoption trends say no. If you're willing to just sit on it for a few years it should yield you some very impressive gains.

>>25592750
No.

>>25591792
>So why is XMR not listed on coinbase? Too good at what it does?
Is that really all there is to it? Just globohomo hate of the idea of a truly untraceable money system?

>>25592773
>BTC at ATH a week before tether potentially being exposed as a massive fraud operation
Sounds a bit more risky than XMR to me.

>>25592858
>>25593158
Thanks for the confidence, fellow monerochads

>>25579776
I really wish I lived in a based non-American country without the resources or willingness to send federal agents after you over for using crypto with inherent user obfuscation.
Monero is clearly the most based crypto out there. Live the dream for me, frens.

>old janny hotpockets gave me a three day ban for posting this last night
What did jan jans mean by this?

>>25593181
>s that really all there is to it? Just globohomo hate of the idea of a truly untraceable money system?

More like pre-emptive action in anticipation of future regulatory developments. They're worried about being liable in case XMR and privacy coins in general become conduits for money laundering.

In any case, atomic swaps will soon make exchanges irrelevant, so no worries.

How many is a suicide stack of XMR and what is a 1m stack 2025

>>25593343
Jannies are faggots. It doesn't even matter what they meant.

>>25592750
Of course not

fuck monero because I can't get it anonymously unless you have btc and that's already shitty fees and super expensive, it's too good but also much of a hassle to put up with, why can't people just exchange fiat

>>25593411

>How many is a suicide stack of XMR and what is a 1m stack 2025


50 is nice, 100+ is where you start getting into future millionaire territory. But if market projections come to fruition even just ~30 XMR should eventually be enough to push you into 6 figures.

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

>>25593600
>too much of a hassle
Get out.

>>25593600
Just use localmonero bro, whats the matter???

/xmr/ matrix group
>https://matrix.to/#/!aPTsXOKuYMQfuqtxYP:matrix.org?via=matrix.org

>>25587303
>weird name
Volkswagen also sounds like a weird name at face value, but due to how ubiquitous it is, it has become a household name.
Expect the same with Monero over the long term

>>25593627
how do you expect your coin or technology or privacy to take off if fucking hard to obtain

>>25594682
>Expect the same with Monero over the long term

"Monero" is near-universally equatable with "money", so ideal from a marketing standpoint.

>>25593600
I honestly can't tell what you're complaining about.
There are ways to do it, most people don't want to or have a need to be 110% anonymous.
Give me one good reason please.

>>25594957
well its hard to obtain due to government regulations. not anything about the coin itself.

>>25594957
very, very, very complex to buy
fucking retard

>>25595350
is kraken kyc

>>25595398
yes, but i dont see why thats a problem they dont know where the money goes once its off kraken so

>>25594957
Stay poor

I bet you'll figure it out once it 10x though, won't you.

>>25592784
It's been a decade and we haven't had a privacy bubble yet. Once it arrives, XMR will go parabolic 5-10k USD is my price target - at which point, I will buy a tesla.

>>25595472
it means that the government potentially knows you purchased monero.

>>25595591
>it means that the government potentially knows you purchased monero.

its not what they know, its what they can prove. And atomic swaps are the ultimate wild goose chase.

>>25595591
And? If you ever want to get out, you're going to have to use an exchange, and pay the tax man. Not like you will meet tyrone to sell your 'make it' stack at an arby's, at which point you have undeclared capital gains and an inibility to spend it without the IRS noticing, assuming you aren't robbed.

Once monero is off the exchange it's untraceable. You decide if you want to cash out. If so, there isn't a viable way assuming you 'made it' without KYC.

>>25595729
The interest is privacy doesn't necessarily mean a desire to evade taxes. It may simply mean that you don't want google to be able to view your transactions.

>>25595729
i wont be 'getting out', i will be using my monero to buy goods and services directly. not impossible to trade xmr for gold or silver. fiat currency is for gay faggots. also, i carry a printed 3d gun with me to arby's whenever i go. im not a faggot who needs to hide behind a computer screen because im not a 100lb weakling whose nevr been to a gym or used a rifle.

>>25595685
yeah the proof is that you KYC'd and then purchased monero with your KYC'd account

>>25595591
>>25595831
>>25595867
you're a schizo, nobody cares that i bought monero
in fact my gubberment retard boomers wouldnt be able to tell bitcoin from bitconnect
and we have 0% capital gains tax, welcome to europe senpai

>>25595820
I never said that it did, you said you don't want the government to know you purchased monero. The only reason you wouldn't is because taxes, Once the monero is off the exchange there is no tracing it, no way to tell what you bought if anything. Government can't do anything unless you decide to sell your position for fiat, and the only reasonable way to sell potentially hundreds of thousands in crypto would be an exchange.

I never said anything about general privacy, I was responding to your shit about governments and KYC.

>>25595921
if nobody cares why does everyone want KYC to buy it you dumb faggot.

>>25595990
>The only reason you wouldn't is because taxes
no, you dumb stupid asshole, there are many reasons. one of which being they might declare it an illegal asset to own. what kind of retard would want their name on the list of KYC faggots who purchased it if it's declared illegal?

>>25595997
Everyone wants KYC to buy any crypto, it's dependent on regulations for your country.

Bought some from bitfinex yesterday, did i do good?

What is this delisting stuff?

>>25581713
gonna hodl monero and imagine it like how it was bitcoin in 2011

>>25596035
Ok, lets assume the government would somehow make it illegal (which is fucking retarded), the government can't take it from you? they can't through you in jail cause you USED to have it? There is nothing to prove you own it if you use some common sense in how you store it. Sure if you keep thousands of XMR on an exchange's wallet and it was somehow made illegal they would take it, but if you aren't using a paper wallet, or otherwise encrypted way to store keys. you're just braindead.

>>25582313
I'm buying ty. I have been on the fence about MNR. But the fact that it's got BTC vibes, it's not too hard to buy then hodl for the next 10 years.

>>25596036
yeah but monero and privacycoins in general are on the chopping block everywhere. states HATE it. they cannot stop people laundering money with it. when monero is being sold out of nowhere, they freak out. when it's being brought with KYC, they definitely add you to a list.
kyc for a privacycoin is bad

>>25583386
will this dump some more? I've run out of liquidity this month and waiting for my next salary. Gonna buy $1000 initial and keep dumping $50 a month until forever.

>>25596181
Then use localmonero?

>>25596159
>lets assume the government would somehow make it illegal (which is fucking retarded)
they already did so in australia. its illegal for australian exchanges to sell monero or some other privacycoins. next they will make it illegal for australians to buy it, anywhere.
>the government can't take it from you
they will ask you where it is / what you did with it. if you say you still have it, they will demand you forfeit it
>There is nothing to prove you own it
except that you purchased it using KYC service and can't explain what you did with it. do you really think "i lost it" will work? really? im not giving anyone my fucking information so that i can bet on "sorry but i lost it in a boating accient" to save me when they decide to get rid of xmr

>>25596232
im explaining why using kraken is a problem
>>25595350
>>25595472

>>25596293
>they already did so in australia. its illegal for australian exchanges to sell monero or some other privacycoins.
Show me the legislation faggot

>>25596293
>If you say you still have it
If someone is that retarded they deserve to lose it

>Do you really think "i lost it" will work? really?
Yes, there is no proof it exists, no proof you have it. Bitcoin is literally the opposite, they can track every penny you have.

Crypto depends on you having access to the keys, and as we know from the early bitcoin guys who lost their millions from losing the keys many people end up losing their keys. Even if they know the public address, with KYC transactions of you buying them, there is no proof you actually have access to the coins themselves, that they're even still there, etc.

>to save me when they decide to get rid of XMR
save you from what? Like I said, there isn't proof you own it. Do you really think countries like the US, Canada, UK, etc. would throw you in jail without any evidence you currently own it? If that's the case, do you think they're just going to round up everyone who ever bought it and chuck them in a prison?

If your threat model is that monero would be outlawed and punishable by governments, then there wouldn't even be a way for you to profit off it without breaking the law anyways, so just don't buy it. If it is outlawed you would be forced to sell on black markets, better hope they don't just decide to rob you for it.

>>25596679
>If it is outlawed you would be forced to sell on black markets, better hope they don't just decide to rob you for it.

If XMR is outlawed it becomes more scarce so you can atomically swap it at a profit for BTC then cash out as usual.

>>25596293
>they already did so in australia
didn't they also ban encryption or at least try it? lmao schizo government

>what you did with it
boating accident, officer

>do you really think "i lost it" will work?
yes. what are they gonna do, tax you on capital gains? They've declared it illegal so it's worth zero. Or just say outright you lost it when gambeling on other shitcoins

>>25596630
i was wrong, the australian delisting is "voluntary". extremely cringe
but look at this:
https://www.cpomagazine.com/data-privacy/south-koreas-new-crypto-aml-law-bans-trading-of-privacy-coins-monero-zcash/

>>25596679
>Yes, there is no proof it exists, no proof you have it. Bitcoin is literally the opposite, they can track every penny you have.
technically wrong. theres no way to prove you still have your private key for your bitcoin

>Do you really think countries like the US, Canada, UK, etc. would throw you in jail without any evidence you currently own it?
no i think they will issue warrants to seize hardware wallets, computers etc. if you brought a sufficient amount through KYC exchanges. lets say the price of XMR goes to something outrageous like $100k per coin, how many of use would be multi millionaires in (future illegal) evil internet money? do you think they wont fuck with your life if they knew that?

>If your threat model is that monero would be outlawed and punishable by governments, then there wouldn't even be a way for you to profit off it without breaking the law anyways, so just don't buy it
governments are illegitimate, but doesnt mean giving them your information is not a bad idea. even if they ban it, you can still trade it to individuals. fiat doesnt even enter the picture. stop fucking thinking in terms of fiat and 'getting out' into fiat you annoying fag.
>hurr you could get robbed!
you can get robbed using fiat too. news to you?

>>25596857
yeah you can atomically swap it for tainted BTC which is completely trackable in every way shape or form. then when you go to "cash out as usual" your exchange account is frozen for using tainted btc. because theres no way to prevent that happening when you do an atomic swap.

also reminder atomic swaps are priced in

>>25596903
You earlier:
>can't explain what you did with it. do you really think "i lost it" will work? really?

You now
>technically wrong. theres no way to prove you still have your private key for your bitcoin

Are you just braindead or maliciously retarded?

>>25596903
>i was wrong, the australian delisting is "voluntary". extremely cringe
I know you were, they were supposedly strong armed into complying with these guidelines: https://www.fatf-gafi.org/media/fatf/documents/recommendations/RBA-VA-VASPs.pdf
or face debanking, but they are not specifically illegal.
https://cryptonews.com.au/australian-crypto-exchanges-forced-to-delist-privacy-coins-or-be-debanked
It's gay as fuck but it's not illegal and there is no indication from actions taken so far that it will be made illegal for Australian's to own it.
Those guidelines are also inter-governmental, Australia appears to be the only cunt trying to comply with it though.
I'm not a lawyer so I could be misinterpreting it too.

>>25596969
YOU are the retard. i am saying that you can claim 'i lost it' with bitcoin OR monero, and that in EITHER case, that's an unfalsifiable claim, and also a claim THE GOVERNMENT WONT GIVE A SHIT ABOUT, they will issue a warrant immediately. have fun having your whole life ruined

>>25597033
>It's gay as fuck but it's not illegal and there is no indication from actions taken so far that it will be made illegal for Australian's to own it.
theres nothing stopping them from making it illegal because they make up rules arbitrarily because they are evil. why would they not make it illegal, its literaly everything they are against; freedom, privacy, autonomy, sanity

>>25597121
If they make up rules arbitrarily because they're evil why would they not make living illegal? better just kill yourself.

>>25597171
they will make being a faggot illegal when they see your post history

>>25596950
>yeah you can atomically swap it for tainted BTC which is completely trackable in every way shape or form. then when you go to "cash out as usual" your exchange account is frozen for using tainted btc. because theres no way to prevent that happening when you do an atomic swap.

If tainted coins become *that* much of an issue then Bitcoin itself is doomed.

>>25597201

>>25597045
>they will issue a warrant immediately
>have fun with your whole life ruined

Yet again, you're basing this whole argument, that they will issue warrants and hunt you down like some futurecrimes division, on the basis that back when it was legal, you bought some crypto on an exchange. Yet again, with no proof you have any access to it.

In your thimble brain not only does buying some crypto mean everyone will get swat warrants and have all of their property seized, but also will ruin your life.

kek, just don't buy it then

>>25597233
atomic swaps are where all the tainted coins will funnel to because they won't be useful anywhere else. can't use them on exchanges, cant really spend them, cant even sell them in person without potentially revealing your identity. with an atomic swap from xmr to btc youre basically playing russian roulette for if you get clean btc or worthless tainted btc, and even worse you probably wont evne know until some account on some exchange is deleted or some shit

>>25597322
that they will issue warrants and hunt you down like some futurecrimes division, on the basis that back when it was legal, you bought some crypto on an exchange.
Yes.
No dude, its as simple as
1. You buy XMR on KYC exchange because you're a dumb faggot and probably a moonboy looking to 'cash out'.
2. XMR becomes dominant form of black market currency, price explodes
3. Government sees you own the equivalent of ex. 1 million usd in monero
4. Government asks you where it is
5. You give the equivalent of an insanity plea by saying you 'lost it' (like saying you lost 10kg of gold, as if they would just nod and walk away)
6. Government issues warrants to seize all of your computers and accessories such as hardware wallets

What part dont you understand? the part where the government does bad things? thats why this coin exists ;)

>kek, just don't buy it then
i dont own, nor have i ever owned, or purchased monero

>>25597271
Go back to facebook you're not welcome here

>>25597520
God I love when newfaggots smugly out themselves.

>>25597662
thats rich for someone who has to buy monero because they missed out on mining it

>>25597505
right just like they busted down doors of buttcorn holders
literally never happened, apart from dumb darknet big fish selling kilo's of drugs over a public blockchain

>>25597693
And you're still upset I called you out for lying
Top kek, I bet you phone posted as >>25597520
too you little nigger

>>25597744
except for the fact that bitcoin isnt a threat to the monetary system at all whereas monero is. thats why its being delisted and not bitcoin. bitcoin is crypto for wallstreet and probably fucking created by the CIA to demo blockchain technology which is gonna be used for the upcoming fedcoin.

>>25597774
lying about what? i dont have a smart phone

>>25597832
>lying about what?
>>25596293
>they already did so in australia. its illegal for australian exchanges to sell monero or some other privacycoins. next they will make it illegal for australians to buy it, anywhere.

>>25597662
you are not forming coherent thoughts anon, and those images can't really be anything other than trolling or you're actually 12 years old, either way you're ruining the thread

>>25597859
i wasnt lying you retarded faggot, i was just wrong. are you autistic? because i'd like to punch you in the face

>>25597352
>atomic swaps are where all the tainted coins will funnel to because they won't be useful anywhere else. can't use them on exchanges, cant really spend them, cant even sell them in person without potentially revealing your identity. with an atomic swap from xmr to btc youre basically playing russian roulette for if you get clean btc or worthless tainted btc, and even worse you probably wont evne know until some account on some exchange is deleted or some shit

Should be insanely lucrative for XMR holders willing to swap at hefty premiums. And as long as BTC keeps mooning, thus maintaining demand, they'll be able to swap back and repeat.

>>25597940
>And as long as BTC keeps mooning, thus maintaining demand, they'll be able to swap back and repeat
meaning it will be faggots swapping tainted btc for xmr, back and forth, forever... gay
im less concerned about how 'lucrative' it is but how disruptive it is to the financial system. if you want lucrative this is the wrong coin, it will dump every time theres a delisting kek

>>25597899
>2 posts by this ID
>they're both absolute trash
>y-you're ruining the thread
'no u'
>>25597903
>I'm not a liar I'm just a retard who speaks with authority on topics I know jack shit about
Glad we cleared that one up.

>>25597996
>meaning it will be faggots swapping tainted btc for xmr, back and forth, forever... gay

Wherever there are easy gains to be made there shall ye find them. But at least they'll maintain liquidity in the swaps market while showcasing Monero's godlike fungibility.

>>25597996
Ok, fine, but why the fuck are you here? To warn us all in advance because you're a generous god? To kek a bit while holding shiny rocks or overment issued slips of paper?

>>25579776
XMR is dead anon. I'm so sorry. You can keep the beanie baby. It's over.

>>25580517
This post makes it sound like XMR is $1 or something. It's market-cap is HUGE for what it is.

You need to let it go.

LOKI is the real gem of 2021.
https://loki.network/2021/01/06/oxen-rebrand-rollout/

>>25597505
Why are torrents legal?
Why is tor legal?
Why is bitcoin legal?
What legal precedent do you have as an example for banning Monero?
You are a brain let anon. You live in a fantasy world. The fincen docs released a few weeks ago make no indication that Monero is legally any different than Bitcoin (and for what it’s worth, monero is mentioned second most out of all cryptos behind Bitcoin, so the government is aware of it).

>>25598290
>LOKI
Gay corporate shit.

Australian never “banned” monero, they are just strong arming exchanges. You can still legally use Monero over there. Same as with the several Asian countries who have “banned” monero.
There is nothing illegal about using Monero. If you use a vpn you can simply coin swap bitcoin for Monero in the literal current year.

>>25598290
>LOKI
What the fuck is this shit lmao

How much for this monero-chan?

>>25599120
>monero chick 1
I'd give an unknown amount of monero if you show the rest.

>>25599120
An unknown ammount of XMR.

>>25599120
god damn
chad likes what he sees, in every possible aspect

>>25599374
based

>>25599374
What he said

>>25599120

>>25598867
Some obscure coin for autists.
They say it will go 100x, but nobody adopts it, because its exclusive to autists, which are less than 1% of the potential customers.
No adoption means price wont go up, so the autists collect these coins because they long for heraldry, so they see those symbols and think on flags, on tribalism. Its a unconscious mechanism, more present in autists.

>>25599120
The video is private on youtube :/

Post XMR address and I'll give you .00001 XMR to release the rest of the clips.

>>25599902
>They say it will go 100x
wrong thread buddy. we don't give a damn about the price or the gainz, shill us on the tech

or provide us a link to >>25599120

Serious question about atomic swaps

1. Will DEXs that use it still have orderbooks? I have a market maker bot on CEXs and really like using limit orders

2. Wont people be swapping tainted BTC with our untaintable XMR? While I can understand people who want to clean their BTC with XMR, whats in it for people who hold XMR? How will they clean the BTC? I am guessing this would add buying pressure to XMR from the BTC side but will it only be from dirty buttcoins?

I just don't get what is going to happen with dirty btcs once atomic swaps using monero make it feasible. I don't want XMR to just be the janitor of crypto and have us looked on as criminals, although maybe that's a good thing, and people will eventually skip other cryptos and stay in monero since swapping will be too cumbersome?

>>25600042
This was the vid before it was made private.

https://www.youtube.com/watch?v=FeNYjYA2lVg&feature=youtu.be

I hope op gives the sauce.

>>25597996
not saying that monero won’t face any legal issue but thinking governments will ban any profit made via tainted Bitcoin and monero in the next few years is pure paranoia, just like the autists on those threads fearing they’ll get in trouble if they buy it via kyc exchange

>>25600386
underestood. just wanted to give >>25599902 a chance to redeem himself

Jan, 6. Still no emergency $600 tendie airdrop from the government.

I watch my bags slowly get more and more expensive

>>25600136
>>1. Will DEXs that use it still have orderbooks? I have a market maker bot on CEXs and really like using limit orders

DEXs become irrelevant since atomic swaps will be P2P via custom wallets. But something like that will likely be a feature, its just matter of coding it into the GUI.


>2. Wont people be swapping tainted BTC with our untaintable XMR?

Indeed they will, Monero's fungibility is what they crave.


>whats in it for people who hold XMR?

If BTC keeps mooning some will want to jump over for the gains. Others will swap-for-profit by charging hefty premiums. And some will just use it to cash out in case XMR is delisted/banned.

>How will they clean the BTC?

They can't, taint is forever.


>I am guessing this would add buying pressure to XMR from the BTC side but will it only be from dirty buttcoins?

Not necessarily, some OG whales might want to finally cash out with a measure of banking secrecy, and using XMR enables that. And once XMR's price goes into overdrive and FOMO kicks in, plenty of normies will also be rushing in hoping to get in on "the next Bitcoin."


>I just don't get what is going to happen with dirty btcs once atomic swaps using monero make it feasible.

Taint only becomes an issue when off-ramping, so dirty coins will be in constant circulation providing liquidity for the swaps market.


>I don't want XMR to just be the janitor of crypto and have us looked on as criminals, although maybe that's a good thing, and people will eventually skip other cryptos and stay in monero since swapping will be too cumbersome?

Atomic swaps will glaringly showcase Monero's virtues and Bitcoins flaws to the crypto world and over time incentivize more people to stay in XMR. Any way you look at it, its going to be very good for Monero, exciting times ahead!

Looks like wrapped monero as an ERC20 was just released.

>>25579776
do you guys know how a typical purchase with monero on the deep web looks like? Everytime I want to buy something on the deep web I get scared with the long ass instructions

>>25602316

>Introducing Wrapped Monero

Wrapped Monero, brings XMR to the Ethereum network with all the flexibility of an ERC-20 token. Wrapped Monero (WXMR) is backed 1:1 by Monero and secured by BTSE.

Wrapped Monero brings greater liquidity to the Ethereum and DeFi ecosystem. It gives holders of Monero more flexibility to utilize their tokens without having to sell it for Ethereum or stablecoins, in order to access the many exciting opportunities in the DeFi space.

Additionally, Monero is a cryptocurrency with historically strong privacy features which sometimes is a disadvantage. When a user obtains Wrapped Monero, it allows them to provide transparency necessary in a world where KYC/AML is increasingly required. By wrapping Monero into the Ethereum blockchain, a user is not sacrificing any privacy that’s already afforded to them by the Monero blockchain.

Minting and Redemption

Wrapping your Monero is as simple as depositing XMR to BTSE, then using the “Convert” function on the Wallet screen. To unwrap, you can also use the same “Convert” function. In this way, WXMR is always backed 1:1 with XMR.

BTSE is the custodian of the Monero backing Wrapped Monero. Due to the strong privacy of Monero, “Proof of Reserves” is more complicated than with open blockchains. BTSE has been a trusted custodian since 2018 as an exchange, with experience securing many forms of cryptocurrencies and digital assets. With millions in fiat and crypto currencies under custody, BTSE has proven to be safe and reliable. BTSE will maintain the custody of XMR from beginning to end through the minting and redemption process, and will publish regular cryptographic proof of reserves.

https://blog.btse.com/introducing-wrapped-monero/

>>25598179
He's right though anon, go back to your facebook groups

>>25602599
This would be great if the fees werent 1750x the fees on monero

>>25602591

>do you guys know how a typical purchase with monero on the deep web looks like? Everytime I want to buy something on the deep web I get scared with the long ass instructions

>How to order from White House Market! Noobs friendly #Darknet
https://www.youtube.com/watch?v=KAPuyrHr74w

Well, given you asked nicely...

>>25593620
im a big fan of monero (bought in at 8 usd) and see it growing to a top 4 coin but why does this fucking table by some literal who get posted as proof of monero's value?

>>25602726
thanks !

>>25603088
Honestly make your own table, buy a domain name, and people will post it.

>>25595990
You are correct anon. Once we have atomic swaps however literally billions will come rushing in from traced BTC. Just be patient.

>>25602864
aw she's cute

>>25603088
>coin but why does this fucking table by some literal who get posted as proof of monero's value?

because Satis Group is a professional and respected crypto analysis firm that is considered authoritative enough to be used as a source by the European Union's financial affairs dept.

https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=SWD:2020:0380:FIN:EN:PDF

https://satisgroup.io/

bizzump

bizzump

>>25602591
it's easier than acquiring monero lol

>>25602864
Enough! I'm going all in Monero.

bizzump

>>25592819
maybe, hold enough cash for this case :*

>>25580327
Because after you sold it will make +25% in a day.

>>25607232
>>25580327

Tell you what anon, you sell your monero now, here's what could happen:
>monero goes up, I get rich you retain your wealth
>monero goes down, you saved money
>monero crabs, you retained your wealth

Murphy's law states it will go up, so I'll probably get rich and you literally can't lose. Tell you what, I'll give you 5% of the profits because you were such a sport

When will this shitcoin stop dumping. I missed on the golden bullrun holding this POS

>>25607904
but anon, it's up 6% today

Patience is a virtue, gentlemen.

why the fuck is xrp pumping more than us they're literally getting sued, were an illegal security, and delisted off every exchange

>>25603840
>she

$PHR PantsOnHeadRetarded is a yield farming NFT project with wrapping capabilities similar to REN and Aavegotchi. That is all. Read more in the Medium article.

https://memecat.medium.com/pantsonheadretarded-phr-token-farming-nft-wrapper-66780d167b17

twitter.com/HeadRetarded

https://dogred1.typeform.com/to/tBXTqqM6

Airdrops are given based on effort, go create publicity for the project. Below you can find a few links to telegrams and discords, there's plenty more crypto instagram facebook, twitter, free discord self-advertising channels to pick from.

Website coming soon.

We're aiming for a 1M marketcap current supply starting point before I launch on Uniswap
10% of the current supply will be airdropped.
5 effort-loving lucky investors get to buy tokens -50% cheaper with an exact amount of 2 ethereum per each person and also receive a limited edition pair of pants NFTs.
Presale will start once we get enough exposure and investors.

PHR planned tokenomics
Total supply - 20k tokens
10k presale+airdrop
6k for farming
4k for advertisement funds boop

>>25592040
I would kill to have my employer pay me in Monero. I take an invisible pay cut every second of every day by being paid in USD. Wealth is stolen from me for every moment that my wealth is stored in dollars. Unlike fedbux, Monero isn't a centrally-managed shitcoin.

>>25609060
Whales
>>25609297
Neck yourself pajeet

How the fuck do you buy anything on Kraken?

nooo why is it mooning I want to buy more

>>25609843
>why is it mooning
It's not, the entire crypto market is just going up in tandem right now. XMR/BTC is flat.

>>25609746
Did you KYC?
Then go to Funding and do a deposit.

>>25610027
Yes. I don't know what any of these deposit methods mean though.

>>25610216
Jeez, if you need to be handheld through that I'm going to double down on my shorts.
Those are banks. You pick one of them, add them as beneficiary in your online bank, and do a deposit WITH YOUR ACCOUNT REFERENCE that you find the kraken deposit page.

>>25610216
shouldn't be too hard, it's just a banktransfer

https://support.kraken.com/hc/en-us/articles/360021985471-How-do-I-fund-my-Kraken-account-

>>25609737
B A S E D

>>25610320
>>25610326
This is a pain in the ass. Why can't I just link my bank account like every other platform on Earth?

>>25610823
Because you really don't want your actual bank account to be used as collateral for your margin trades.

>>25610823
>Buying bitcoin is pain in the ass. I mean, it's almost $200 - why can't I just buy it from the bank or a store? I can't believe I have to do all of this work to get in early on the most advanced decentralized cryptocurrency...
this is kinda what you sound like. i'm guessing Mt. Gox would be too confusing for you too back in the day. it's okay, you can buy our bags from normie base in a year or so.

>>25610823
NGMI

>>25610823
>Why can't I just link my bank account
Ahh i remember when bitcoin was like $150 and I would fucking wire money to btc-e which was in fucking RUSSIA. TOP KEK.

>>25610877
I have brokerage accounts linked to my bank account, which I use to transfer money into my brokerage account. Who fucking wires money anymore like it's 1997?

Bump

>>25612171
See you there xmrchad

>>25579776
is it really as easy as sending everything to binance, swap to monero and cash out tax free?

>>25604305
Their prediction had been completely off for every coin, why do you think monero will be right?

>>25610823
They probably only have a license to operate as a broker/dealer and don't have a NACHA agreement.

>>25613051
>is it really as easy as sending everything to binance, swap to monero and cash out tax free?
no, because when you sell the monero you need to declare a cost basis. sure, you can declare the cost basis as 0, claim you mined very early, and then pay 15-30% on your entire XMR cash-out. But that is a lot of money depending on your needs.
there is no tax-free cash-outs for meaningful amounts unless your goal is to only spend that money on cash lunches for the rest of your life.

>>25607981
That’s just btc pumping, it’s all time low in sats.

>>25613082
the numbers are shit and I tell him that every frikkin thread. I think they severaly underestimated the short-to-mid term market irrationality

However the fundamentals (ie. reasoning behind the gain numbers) are sound. There was a quite insightful podcast .mp3 last time, maybe someone can repost the link.

>>25613082
>Their prediction had been completely off for every coin, why do you think monero will be right?

Yeah, its a rough guesstimate obviously, timeline will likely be off by a matter of years, BTC only just hit $30K. But the tendency towards a steady constant rise seems to be on the mark.

Monero is a little different due to it being a privacy coin, which brings with it a degree of regulatory uncertainty that regular coins don't face, ergo no real institutional capital flowing into it.

But if you read the study the analysts point out that Monero's primary driver of value won't be institutional capital, it will be the billions in offshore/black money assets that are expected to flow into crypto over the next decade:

>90%+ of cryptoasset value will be derived from penetration of offshore deposits in the next decade

>Currency and Privacy networks will be the largest beneficiaries, as most fundamental value will stem from store of value use cases

> 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)

And we're already seeing this flow start to happen:

>Criminals laundered $2.8 billion in 2019 using crypto exchanges, finds a new analysis
https://www.technologyreview.com/2020/01/16/130843/cryptocurrency-money-laundering-exchanges/

>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

>>25613320

>Monero $18,000 in 5 years? A talk with Satis Group.
https://aphid.fireside.fm/d/1437767933/9813d709-5a6d-4a87-8b5e-46ebf14f99d6/6c733c2b-d644-416b-a518-bcda03824f02.mp3

The US capital is under siege, Monerbros.


This is fucking insane.

>>25589242
Dangerously based

can you use monero to buy ganja off the deep web?

asking for a friend

>>25614885

Hookers & blow, my man

>>25614151
Meh it’s a nothing burger.
The luggenpresse will make a big deal of it but riots are literally weekly, and often from the left.

>>25614885
See dark.fail for a list of DNM's. Thank me later.

>>25614885
yes. whitehouse market.

twitter.com/naomibrockwell/status/1346892258474401798

Just in: shapeshift is apparently ending KYC. It's a DEX so it may play nicely with the new wrapped XMR.

Livestream intervie with the CEO/founder: youtu.be/RN3wcDFXAFE

bizzump

>>25616097
Based.

Where I can buy monero with the lowest fees?
Just got jewed by Changelly:
>sell some XMR
>sent ETH to Changelly address
>they charged a % trade fee
>they charged 0.01 ETH on-chain fee
>went to see tx said only 0.002 ETH spent for miners
So they just robbed me on 0.008 ETH what the fuck.

>>25617926
yes i sold some for eth to ride eth wave and now want to buy back, also you can see from the chart XMR/ETH pair is at all time low, I'm about to buy some XMR I dont think will dip more

MONERO IS SO FUCKING STAGNANT AAAAAAAA AAAAAAAAAAAAA AAAAAA AAAAAAAAAAAA AAAAA

to sell half btc stack for monero or not hmmm

>>25598281
do i have to be a moonboy faggot to browse this board and talk about monero?

>>25618865
>to sell half btc stack for monero or not
If you did you'd probably end up regretting it. XMR is as close as you can get to a sure thing in crypto.

>>25600884
dude there are already reports of peoples accounts being frozen on exchanges because they sent tainted btc to the exchange

anyone buying thru kyc exchange is just lazy and stupid.

>>25619262

An Iranian bitcoin trader, Ghorbaniyan was among the wallet holders whose names and blockchain addresses were added to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions list last week.

But in the wake of that event, Ghorbaniyan has told CoinDesk that he was unaware of the origins of his apparently tainted bitcoin, which OFAC said was extorted from more than 200 victims including corporations, hospitals, universities and government agencies that were hit with the SamSam ransomware virus.

https://www.coindesk.com/iranian-bitcoin-trader-on-us-sanctions-blacklist-says-hes-innocent

how to purchase monero for retards please? thanks also fuck niggers

>>25619262
how would you track "tainted" monero?

>>25619690
>kycnot.me

>>25619395
I know right?
btc maxis in the region here were like but hurr durr you can be private and evade sanctions
this is a prime example of how they CAN sanction and track BTC, hence why they allow it to be bigger and traceable
a based anon once suggested that BTC might actually be governmental though that might be far fetched, imagine if it's code came out almost flawless, maybe it's an experiment on how the people would adopt it instead of fractional reserve banking?
this is all a conspiracy but what if
also XMR is comfy af
hope other sanctioned countries start using it

>>25589242
this
this is a man I am proud to call my XMR brother
stay based anon

300+ posts, gentlemen.

>>25619254
you mean... not regretting it? I'm a long term hodler fundamentalist, XMR is the way it seems, BTC was just the gateway coin to XMR

>>25618371
i'm buying the dip unironically

>>25620703
Yeah, I misread, thought you meant sell XMR for BTC, hahaha.

If you're prepared to let your XMR just sit for a few years it should yield some very nice returns.

are you expecting the 40k point to be hit by 2028?
I feel it can get higher, t. new hodler

>>25621050
>are you expecting the 40k point to be hit by 2028?

Thats a ballpark timeline, so could be sooner, could be later. It'll definitely depend on the rate of shadow economy adoption, which will itself depend on its confidence in XMR's reliability, stability and longevity.

So, the first few years will be a gradual testing of the waters followed by a more substantial and sustained influx of offshore/unbanked capital, which is where the the most dramatic gains should be seen.

>I feel it can get higher, t. new hodler

Yeah, I agree.