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25823475 No.25823475 [Reply] [Original]

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized p2p privacy cryptocurrency!

Monero is secure, low-fee, and borderless, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT (hidden tx amounts) ensure that Monero's blockchain is obfuscated -- the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with the proof of the transactions being possible by a Monero user willingly providing a view key for a specific transaction if needed.

Monero has also improved upon the scaling downsides of the current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs goes higher. Further, the mining network algorithm Random X establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in May 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.

If you still have questions, feel free to ask and a Monero Chad will be with you shortly.


OFFICIAL WEBSITE - https://web.getmonero.org


WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

>Non KYC:
Local Monero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
https://archive.is/TWOah


HOW TO STORE MONERO?

>Desktop
Gui/Cli (recommended)
MyMonero
Exodus
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo
NOTE: MYMONERO FOR ANDROID IS A SCAM. DO NOT DOWNLOAD ON GOOGLE PLAY.

>Cold Storage
https://archive.is/DEfsP

>> No.25823713

i still dont understand how i was supposed to buy monero. i cant even find it on dextools.

>> No.25823860

>>25823713
binance

>> No.25823883

i am a poorfag and was thinking of buying monero for a long term hold. is it a good time to buy now or do you guys think it will crash more?

>> No.25823888

What matters more when mining monero? RAM size or RAM speed, or both?

>> No.25823980

>>25823475
got some monero in my wallet how the fuck do i sell it?
bought it when it was 50 and i need money
>bank
idc i just need the money cant seem to find how to sell on binance

>> No.25824000

is there some cheap laptop i could buy thats generally used for cold storage?
could i just swap the hard drive on this laptop?

>> No.25824025

>>25823980
dont sell you nigger
starve
become homeless
but dont fucking sell

>> No.25824135

>>25823713
it's wxmr as for wrapped xmr

>> No.25824146

>>25824025
just tell me i can buy the double back in 2 weeks

>> No.25824567

>>25823713
localmonero

>> No.25824614
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25824614

shoutout to xmr for keeping me out of the red

>> No.25824646
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25824646

Friendly 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, even 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.

>> No.25824743

>>25823713
There's wrapped Monero, so you can technically buy it on a dex

>> No.25825363
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25825363

>> No.25825539

>>25823883
buy a tiny amount to get comfy with transactions & wallets
keep some cash for the jan 15 turbulance, I'm expecting some swings = good deals

>>25825363
source? like to read how it compares to other coins

>> No.25825586

>>25825539
>source? like to read how it compares to other coins

https://www.thestreet.com/investing/cryptocurrency/cryptocurrency-in-focus-monera-s-a-rebel-with-a-cause-15145095

>> No.25825634

>>25825586
thanks!

>> No.25825864

>>25823475
Hey OP, make sure to put ‘/XMR/‘ in the subject so the thread is easier to find with ctrl f.

>> No.25825919

>>25824614
it's fucking salmon season for xmr right now.

>> No.25826260

>>25823888
Bandwidth, but it's actually more about cache size.

>> No.25826353

wtf is up with kraken? Whenever there's a dip I wanna take it goes into "cancel order only" operation

>> No.25826358

>>25825363
should be ranked superb baka

>> No.25826361
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25826361

>>25825864

>> No.25826470

>>25826260

Where can I do my own research about this?

>> No.25826497

I mined 2 xmr a few years ago but I think my mom threw that computer away

>> No.25826535

my stop sell order got triggered yesterday at 160 FUCK

>> No.25826538

>>25826353
Just set a buy limit

>> No.25826701

>>25826538
yeah, but when others can't place new orders mine can't be completed anyways.

>> No.25826750

Best wallet? Exodus says I have to 'upgrade' it to put Monero in.

>> No.25826796

Why Zcash is doing better than Monero, regarding price?

>> No.25826891

>>25823713
Any form the OP and Poloniex. Put Poloniex in the next one, OP >>25823475

>> No.25826922
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25826922

>>25826796

Pricing doesn't mean much in an irrational hyper-speculative market.

>> No.25826929

>>25826796
short term fluctuations don't matter that much. there is fud about governments banning monero, etc.

>> No.25827010
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25827010

What's this mean on my node? Fake block was attempted to get pushed onto the network?

>> No.25827070

I’m new to all of this and just set up a wallet today. Do you guys think monero will go up really high? If so, I’d be willing to invest $700-1000 of my savings into it (which is about all I got.)

>> No.25827152

>>25826796
vitalik shillin

>> No.25827171

>>25827070
You want to buy an [unknown] amount of XMR with an [unknown] amount of fiat friend.
50 is a suicide stack. 100 is a make it stack. Acquire an [unknown] amount at your own accord.

>> No.25827235

give some hopium frens... EOY 2025 price?

>> No.25827636
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25827636

>>25825363
>>25826358
Sorry to disappoint you, but that "summary" is
meaningless. Just compare it to other coins:
There's two B and to S ratings, the rest are A.
Even obvious shit coins. And according to them
Ripple has improved in 2020 compared to 2019.
Yeah, sure.

If you wanna spread hopium that's fine, but wait
till I've filled my bags.

>> No.25827637

>>25827235
500,000 Zuckercreds which will be enough for one trip to the suicide booth

>> No.25827697
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25827697

>>25827235
>give some hopium frens... EOY 2025 price?

Timelines are notoriously tricky, but

A) as long as Monero remains the premier privacy coin in function and by reputation and

B) the shadow economy continues and accelerates its entry into crypto

somewhere around the low 5 figures.

>> No.25827908
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25827908

>>25827697
That is some sweet hopium, thanks fred

>> No.25828467
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25828467

>>25827908

We're all gonna make it!