/biz/ - Business & Finance

seeing all coins crashing in anticipation to the Tether FUD in my opinion, I've never been happier to be a Monero bull
we're in it for the long haul boys
fight for your privacy

>>25831033
I’m surprised we’re not dumping harder than this.

>>25830884
Stop making generals you fucker. They cause a dump every time

>>25831033
Checked, based lebanon.

>>25831107
XMR being down 4% compared to BTC's 16% is pretty comfy

>How is Monero’s privacy different from other coins?

Monero uses three different privacy technologies: ring signatures, ring confidential transactions (ringCT), and stealth addresses. These hide the sender, amount, and receiver in the transaction, respectively. All transactions on the network are private by mandate; there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero. You do not need to trust anyone else with your privacy.

>How is Monero different from Bitcoin?

Monero is not based on Bitcoin. It is based on the CryptoNote protocol. Bitcoin is a completely transparent system, where people can see exactly how much money is being sent from one user to another. Monero hides this information to protect user privacy in all transactions. It also has a dynamic block size and dynamic fees, an ASIC-resistant proof of work (RandomX), and a Tail Emission, among several other changes.


>What is fungibility, and why is it important?

Fungibility is a simple property of money such that there are no differences between two amounts of the same value. If two people exchanged a 10 and two 5’s, then no one would lose out. However, let’s suppose that everyone knows the 10 was previously used in a ransomware attack. Is the other person still going to make the trade? Probably not, even if the person with the 10 has no connection with the ransomware. This is a problem, since the receiver of money needs to constantly check the money they are receiving to not end up with tainted coins. Monero is fungible, which means people do not need to go through this effort.

It seems like wallets are a somewhat big hurdle for new people adopting, so maybe the anons here can help support the development of more options?
https://ccs.getmonero.org/proposals/tobtoht_feather_dev_q1_2021.html

Theadly reminder

>>25830884

I'VE BEEN PUMPING BIRDS LEFT RIGHT AND CENTRE SINCE BEOFRE YOUWERE BORN M8

>what do you make of that? how do you like them apples?

>>25831126
If you say that because of a belief in luck or magic, no.

If you say that because you think that biz by itself is enough to substantially influence XMR's 3 billion dollar market cap, then also no, plus you're retarded.

The purpose of these generals is for enthusiasts to hang, plus to school newfrenz who may want to buy in. Neither of those is causing a dump. Anticipation of this tether inflated btc bubble popping is causing the dump, so go take it up with them.

>>25831168
I just switched my wallets currency to Rupees so I have no idea what I’m even looking at.

Dump-proof hands.

>>25831168
comfy as tits

Friendly reminder that Bitcoin's inherent infungibility has real-world consequences and that the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) maintains a blacklist of tainted digital currency addresses.

Sauces:

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

https://home.treasury.gov/news/press-releases/sm556

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/646

>>25831397
this is almost based, but XMR is too pure for street shitter currency. Switch to Venezuelan Bolivars, you'll be comparably lost and be a millionaire even with a tiny [unknown amount].

>>25831597
touché
1 XMR is around 1,350,000 Lebanese pounds
Based XMR pepe

>>25831597
CakeWallet just reads “0.00 VEF” and this is even better because now I see no numbers going up or down except my XMR balance. Based anon, thank you.

>>25831836

I'm going to start mining
M O N E R O

XMR is the only general where I routinely see anons celebrating dips/crashes in the market so that we can accumulate more

incredibly bullish long term desu

cheers men

>>25832340
Feel that! I'm comfy with my [unknown amount], but I could always be comfier. Since I don't anticipate XMR realizing its true value for years, it's hard to be upset when it goes on sale in the present.

>>25832340
cheers my dude

Really comfy hold. Btw how much monero do you guys have?

>>25832514
Between none and all of them

Monero is about to the dump isnt it

>>25832566
checked and based
>>25832514
unknown amounts

>>25832340
cheers lads i love the dips buying some rn for good luckies

>>25832514
If you have to ask, you'll never knooooooooowwwww

>>25832514
way too few

>>25831327
Im a monero maxi but as a 4chan oldfag generals are cancer, they always devolve into circlejerks that drive people away

Do I buy more now or wait a bit longer???

>>25832785
Id wait until tomorrow

Based Naval

>>25830884
Swap to 0xMR before it's too late.

>>25831172
What about the "Ghost" coin by McAfee ? I don't know much about it but McAfee is a big Monero supporter so is it any similar?

>>25832581
If it is, we're pumped for the sale.

>>25832750
Nah, generals are a learning resource and if someone is turned off by enthusiasts being enthused than fuck em.

>>25832933
McAfee pumps scamcoins so he can put his profits into XMR.

>>25832919
Thanks, just bought for 10 millions of xmoneroScam0Z.

>>25832933
kek, do people still hold that shit?

>>25833007
McAfee tweets so much from prison I suspect that he's just using his phone in his cell constantly. Probably downloaded the XMR mobile wallet lmao

>>25833108
Don't you regret not buying more Ghost?
Kek. Dumbass is still in jail

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/

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

>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/

>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.

>>25833140
Doubt that. Pretty sure he passes msgs (wife?) to someone to post

What happens when xmr gets delisted on ALL CEX. How do we trade it?

>>25833443
p2p
and DEX

>>25833443
>What happens when xmr gets delisted on ALL CEX. How do we trade it?

>>25833443
It will be listed on coinbase before it gets delisted from major exchanges if the fed really wants to crack down on it

thank fucking god its dropping, gonna throw $10k at it soon

>>25833443
The answer is in the question. Also, I highly doubt it will get delisted from kraken unless it is made explicitly illegal. They actively support development, so I doubt they will be strong-armed.

I own 1 XMR just in case, I'm not gonna make it am I? In all seriousness everytime I see some XMR will be banned fud it makes me want to load up on it.

>>25832750
>oh no! The coin has a dedicated community that actually actually cares about the network rather than line going up!

>>25831203
I reall dont get why though. GUI wallet is soooo comfy and holds your hand the entire process

>>25833574
depends on your definition of make it, how long you're willing to wait, and the unknowable machinations of fate.

But yes, load up anon. Worst case scenario is it goes to 0 (just as any crypto investment could) and you went down on the ship that represented the best crypto has to offer.

>>25833773
I’d rather go down with the titanic than drown on a canoeing trip.

>>25833773
Its the only crypto that I can't actually see going to zero and that actually has a use case rather than "Muh Digital Gold". Illegal usage of xmr is ironically based.

>>25833869
Based. I don't believe in cryptos but invested a grand in XMR just cause of its privacy attributes and ability to buy weed with it.

>>25833930
>Its the only crypto that I can't actually see going to zero and that actually has a use case rather than "Muh Digital Gold". Illegal usage of xmr is ironically based.

Whether we like it or not, XMR is inevitably going to be hoarded and widely used by criminal and assorted dodgy elements. But as they say, "don't blame the tool."

What price to buy in?

>>25832340
Lol because we want more and we realize that this is a long.
My guess is we will have strong support at $130. Anything below that is a steal.

>>25834380
$100, maybe less. I'm fully expecting a total crash on every market just before the 15 due to the increasing levels of scared normalfags who bought Bitcoin for the memes.

>>25834380
Just buy and don't look back, it's not fucking rocket science

>>25834664
If Monero ever losses it's anonymity capability is it time to abandon ship?

>>25834793
Of course, at least for me because I want to use it for emergencies in case shit hits the fan in the real world.

>>25834223
>XMR is inevitably going to be hoarded and widely used by criminal and assorted dodgy elements
It needs less volatility for that to happen, but you're right that it is probably inevitable. I wonder how many years out we are from that happening.
>>25834793
That's pretty unlikely so don't worry about it. 51% attack is far more likely.

>>25834380
Don't drop all you cash at at once, better to do some short term DCA over a few weeks and only drop more it it's a flash sale.

>>25834793
It wont loose all at once, remember the privacy is made up of different parts. Even if one part is broken, it still remains the best option.

Developers will rush to fix the issue. Some people rely on it for bunisiness and no doubt they'll fund any proposal on getmonero.org if it means they can resume.

Also the other good things remain: POW CPU mining, tail emisions, low fees, reasonably fast, solid community - most other shitcoins have none of these features

>>25835109
>51% attack is far more likely.
Yes, but also way less powerfull than bitcoin. You may be able to double spend some XMR, but you can't censor/block transactions of unwanted participants, simply because the miners don't know the addresses themselfs.

>monero pumps
Feel comfy
>monero dumps
Feel comfy

What do you call this bros

>>25833574
>I own 1 XMR just in case, I'm not gonna make it am I?
Two years down the road it'll be good fuck-it money in case you need to getaway for a few days (ie. because of crazy ex partner) or if your government decides to limit daily atm withdrawls (ie. in hyperinflation szenarios).

>>25835344
Being based

>>25835344
The feeling of being a Monero chad.

With XMR so cheap what is a makeit stack?

50-100 xmr

>>25835766
10k usd right now probably

>>25835766
50 XMR and you’re on your way to FIRE. Probably not in burgerland, though.

>>25835109
>It needs less volatility for that to happen, but you're right that it is probably inevitable. I wonder how many years out we are from that happening.

Its already started. As seen in an earlier post, money laundering via crypto is about to become the Next Big Thing and criminals are actually highly incentivized to use digital cash:

>The only thing tougher than smuggling drugs across borders is getting the profits back to cartels, officials say. Cash is heavy, and transporting it exposes traffickers to high risk. Putting it into banking systems geared to detect dirty money is perilous, too.

>In a sign of the lengths organized crime is going to avoid moving hard cash, U.S. officials have told Reuters that cartels are also turning to Chinese “money brokers” who use burner phones and Chinese banking apps to move funds.

>A drop in seizures of hard currency, from $741 million in 2011 to $234 million in 2018, suggests newer technologies including cryptocurrency laundering are gaining ground, according to a U.S. Drug Enforcement Agency (DEA) report published in January this year.

https://www.reuters.com/article/mexico-bitcoin-insight-idUSKBN28I1KD

So that the underworld is already adopting crypto is an established fact. The only question is which one will end up being the most used.

>>25836265
>50 XMR and you’re on your way to FIRE. Probably not in burgerland, though.

50 XMR in 5-10 years in Central Europe = hookers & blow every day.

>only green in a sea of red
Has XMR unironically decoupled from bitcoin?

>>25836947
Monero is a hege against shitcoins.

>>25836947
I wouldn't say it's green but XMR is definitely not doing bad. ETH, BCH, LTC, ADA, LINK are all crashing harder than BTC right now. XMR is down 8 percentage points less than BTC is.

>>25836947
Monero is hedge.

>>25836947
It appeared that way briefly yesterday as money was fleeing Bitcoin and XMR went to $175.

Just wanna say I was that pessimist predicting $160 XMR, hooray for me

Didnt position myself to buy or anything like that tho, so it's all hot air

gonna yolo x100 xmrbtc in 5h, wish me luck

>>25836265
>50 XMR and you’re on your way to FIRE. Probably not in burgerland, though.

FIRE in flame-broiled burgerland was my plan. I assumed it's cheaper to live in the USA than in Western Europe. Is this not the case?

>>25837541
don't. we are no gablers

I will make you breakfast for XMR.

Monerobros, rethorical question: why people are so submisse to the modern State?
Look at the Tether fud. Its literally retarded, people selling because Tether might be indicted of fraud. So what if they are? Do it change the fact you are buying assets not sanctioned by the State?
After the coronahoax, I thought some people might have learned the State main intention is to cause harm to the population.
But they didnt.

>>25837677
Kiwi? I'm making breakfast too but it's a bit grimmer than yours

>>25837597
Pretty sure it is, I've heard youtubers talking about 100-400k for a whole house.

In my country the cheapest houses cost at least 400k in bumfuck 500 populated towns in nowhere built in 1950's with mold inside.
The cheapest house in my capital is about 700k for a very shitty house, decent house is prob around 850-1.2m region.

From Iceland btw, so I do get high pay for my jobs but still its annoying

>>25830884
Please. I'm without question the first person on here to buy Monero but it's dead, they killed it. Stop posting these threads and let it rest in peace

>>25830884
XMR already rebounding
Its all true
>>/biz/thread/S24828235

>>25836947
XMR seems to be "dampened", when shit pumps or dumps monero follows but later and slower. Sometimes it randomly pumps tho

>>25837765
Can confirm, I live in Texas and I got a new (built in 2016) house that 2400 square feet, 4 bedrooms, 3 bathrooms, for 230k.

>>25837972
What do you pay on property tax and maintenance?

>>25837853
Where is he our monerochad

>>25837597
I guess it depends on where in the USA you want to retire.

>>25836824
sounds comfy

Has somebody a hi-res version of the logo with the white center line but transparent background? Need it for meme purposes

If you live sensibly and don't splurge on stupid shit you can live very decently off of $500K - $1 million for the rest of your life.

And that includes regular travel and the odd luxury item here and there. Its the nouveau riche morons who buy lambos that end up having to move back in with ma & pa.

>>25838040
1.2% of home value (2760) a year.
Maintenance, not any so far. I've not had to do any sort of maintenance to the property.

>>25838230
Get a vasectomy and you can live any life you want for cents on the breeders dollar

>>25832785
>Buy a little now
>buy a little more when the price cut gets a price cut
>>?????? Not financial advice
>repeat on red
>strongth of thine hands on greeeeeeee
>>>>??????again NOT FINANCIAL ADVICE
>....
>profit

>>25835227
I guess the real concern isn't necessarily traditional 51% attacks as we understand them (allowing double spends) so much as other network attacks like the current ongoing peer list spam attack. My point to that other anon was Monero's privacy is unmatched but it still depends on the actual network being strong enough to ward off attacks.
>>25836294
I think illegal business may be conducted in Monero but the ultimate goal for these people will eventually be to get back to fiat, at least for the foreseeable future. The real needle movers will be people that just need to hide wealth and don't mind the volatility because they're set to lose whatever they have anyway (think busted criminals avoiding assetdiscovery, millionaires getting divorced, businesses hiding funds before liquidation by creditors, etc.) The issue for these people is getting into Monero without leaving a bitcoin paper trail.

>>25839162
>The issue for these people is getting into Monero without leaving a bitcoin paper trail.

Banks have notoriously assisted cartels in the past, don't see why corruptible exchanges would be any different.

>>25835344
Just another day of Chad life
>>25838376
I give creampies all day to a IUD

>>25838230
Do you abide by the 4% annual withdrawal rule? I never heard someone apply the 4% rule to crypto, only dividend stocks. But I am curious to see some insight into this, given crypto's volatility...XMR seems ironically safer in this regard.

>>25840059
At some Point it's more about maintaining wealth and diversifying to chill till the end of days. 100% crypto is way too risky for that.

>>25830884
COMFIEST OF HOLDS

>>25840423
this anon isn't going to make it

>>25840605
No, he has the right idea.
If you are 100% into crypto you are doing something wrong.

>>25840641
Not everyone has the testicular fortitude to make it I guess.

>>25832750
If it drives people away then we can accumulate more. Sounds like a win win

>>25832514
14.88 XMR

Are there laws against exchanging XMR for cash in person?

>>25833681
>oh no! The coin has a discord tranny inner circle jerk that actually actually cares about the network rather than line going up!

>>25841081
No.

>>25833531

regarding atomic swaps, won't this just make XMR a stable coin? No requirement to buy/sell monero so the price will not increase/decrease.

can someone elxplain because i don't understand.

>>25841097
Sell. Don’t ever come back.

>>25841356
ywnbarw

>>25841426
Have sex. Maybe you can use some XMR for it?

>>25840769
What are you talking about?
Not diversifying is retarded.

who /monero atms/ here? I tried using one a few times this week but it wouldn't read my (cake) QR code.

I tried all the standard advice I could find online about raising/lowering brightness, etc.

>>25830884
I know the Feds want to go after this for obvious reasons, but why not just list it on the KYC exchanges? There are tons of normies that want to buy it just to speculate alone.

>>25841576
Diversifying should go no further than
1. Established cryptoCURRENCY
2. Disruptive cryptoCURRENCY
3. Established utility token
4. Disruptive utility token
Diversifying beyond that is just gambling.

>>25841310
>regarding atomic swaps, won't this just make XMR a stable coin? No requirement to buy/sell monero so the price will not increase/decrease.
>
>can someone elxplain because i don't understand.

If XMR is universally delisted it will increase its scarcity and therefore its price. Just like narcotics.

Also, XMR will soon become the default and likely only means of payment on the darknet. More utility = more demand = higher price.

And finally, unlike BTC, XMR is fungible and thus a more attractive acquisition than potentially tainted BTC, meaning there will be an asymmetrical demand for XMR, further increasing its price.

Therefore atomic swaps will primarily work to Monero's advantage and to Bitcoin's disadvantage.

>>25840423
>>25840641

The "risk" investing in crypto is subjective imo. How do you quantify that?

I try not to over-complicate this. I believe XMR has enormous value and it is currently foolishly undervalued. I believe Monero has a great dev team which will continue to attract inspired talent, and the orgs like CipherTrace undermining Monero are not worth betting on. So I don't see any reason why I shouldn't live off Monero for the rest of my life, barring some unseen catastrophic development.

What I AM trying to quantify is how much Monero in USD I need so I can figure how the lifestyle I can afford.

>>25841710
lol smoothbrain, I am talking about diversifying into other classes, such as stocks, real estate, land, precious metals, etc.
If you are 100% crypto you are setting yourself up for extreme risk.
>>25841781
I agree with many of your long term ambitions, but getting into a situation where you are overleveraged is a very, very bad idea. If the network were to catastrophically fail (unlikely, but possible) then you would lose everything.

>>25841097
Lukewarm IQ.

Sell your bags and buy back at the top.

>>25841781
I’m with you brother. Suicide stack all the way.

>>25841922
Hey retard this is a crypto thread. Of course I own stocks, precious metals, and bonds. Stay on topic and don’t gnash your teeth when others do.

>>25839767
>don't see why corruptible exchanges would be any different
It depends on who is hunting who I guess. Bitcoin is not really corruptible in the sense that the blockchain is easily traceable, so major players may need some help on the inside of banks/exchanges to be able to make big plays when it comes to laundering while maintaining plausible deniability. Crooked exchanges are definitely here to stay though, that's for sure. As long as theirs some banana republic out there with internet access, there will be shady exchanges.

But to get back to the point, the issue isn't with Monero, it's with getting funds to Monero (and back).

>>25841781
>barring some unseen catastrophic development
There is always possibility for catastrophe with technology this young. Nobody thought ASIC miners would control Monero's network, yet they did for almost a year. Luckily they weren't hostile. As Monero gains followers it will also gain enemies. Keep that in mind.

>>25841922
>if you are 100% in crypto you are setting yourself up for extreme risk.

Guess I like to live dangerously B)

>>25842141
you might be smart, but other anons in this thread aren't.
these same anons are the ones who stink up the xmr generals with "when moon" garbage. I'd rather give them sound advice like to diversify instead of telling them to pump my bags...not that it matters I guess lol.

As there a resource that tracks the most favorable coin to swap for XMR?

When do we arrive at Bitcoin prices pls

>>25842742
XMR/USDT or XMR/BTC are probably your best bets. Really just depends on what exchange you wanna use.

>>25842868
I've heard LTC has lower fees. I've only tried swapping with BTC so far.

>>25842768
aprox 10 years

>>25842414
I get that. Don’t forget to pick up some green energy stocks/ETF’s ;)

>>25841716
I understand about the demand for it increasing but if atomic swaps exist then the price doesn't need to increase.
The value of a coin increases because of how much someone is willing to purchase it for. If instead of going to an exchange and buying XMR from someone I can just swap btc instantly for it then there is no requirement to pay more than the market price? no reason for the coin to increase in value.

>>25841922
The only thing people should invest in outside of a company 401k is real estate and crypto. Everything else is retarded. Prescious metals are retarded. Paying capital gains on blue chip stocks and bonds is niggerliscous.

>>25843020
Nah, nuclear is green energy too
I rather hold some more broad tech ETF's, semiconductors, automation and networks are everywhere

>>25843179
Terry?

Bump

>>25842964
I don't know how many active XMR/LTC markets there are anymore but LTC does have lower fees for moving between wallets/exchanges.
>>25843384
kek

>>25843132

>If instead of going to an exchange and buying XMR from someone I can just swap btc instantly for it then there is no requirement to pay more than the market price?

First, if XMR can't be bought on exchanges i.e. delisted & banned then you don't really have a choice. That puts XMR swappers at an advantage.

Second, as I explained, BTC is not scarce and is inherently less desirable to XMR holders due to fungibility/taint issues.

So, you (BTC holder) could offer me (XMR holder) the going market price and I would simply demand an added premium for taking the risk of receiving tainted coins.

Don't want to pay? You don't get my XMR. But if I want BTC all I have to do is log on to Coinbase and I'll get verifiably untainted coins.

In other words, XMR market price + taint premium = higher price.

>>25843262
Nuclear will be embraced as a middle solution until green hydrogen is viable

What will happen when centralised exchanges remove Monero?

>>25844198
I agree. Massive solar farms for electrolysis would be cool if it's economical enough.

>>25844391
I believe they are working on it now. Plan on moving my crypto gains into revolutionary tech like that

It's freezing in my basement and my space heater broke, so I set up an old pc to mine monero
what pool should I use to best help the network?

>>25844218
>What will happen when centralised exchanges remove Monero?

>>25833531

>>25838215
It's not a very good resolution but I have that

>>25841310
Market determines prices. If there is more demand for monero through atomic swat than the other asset, monero sellers can ask for a higher price. Atomic swaps wont change the pricing mechanism, perhaps liquidity. I'm not sure as I'm a newfriend

I love you frens, just bought an unknown amount. What are your price predictions for 1 year? What about 4 years?

>>25845993
In 1 year, Monero will be worth an [unknown] amount and in 4 years probably an [unknown] amount!

>>25846212
Thanks, I just sent you 0.5 XMR

>>25845993
In an unkown ammount of time it (maybe) will be worth an unkown ammount

I want to mine and hold monero.

Timeframe on becoming a milionaire?

>>25844647
SupportXMR

>>25844731
Wayy better than what I needed, thank you.

>>25846969
6969 lol checked
don't think of it like that brother
think that you are fending off, TRULY fighting for your privacy against their 1984 schemes!
HODL!

>>25837774
Not quite yet :^) . pic related

161st post for $161

>>25837774
Monero will never be gone, not as long as those who remain are loyal to it

>>25837914
>random
I only believe in probability
the only random I like is Random X

>>25847851

Im just sad that I never cared about crypto in the early days. I remember reading about bitcoin in 2011 and never gave a fuck.

>>25849036
Anon, there are going to be other anons in the future who will say the same thing about Monero.
“I can’t believe the only private cryptocurrency was so undervalued in 2021. I could have made a fortune if I bought that instead of [insert shitcoin here].”
“How could I have been so dumb to not think privacy would be an issue going forward”
“These scaling solutions are so much better than what other crypto currencies have proposed” etc etc.
getting in now is like what the people who got in early on Bitcoin felt like.

>>25849220
truly

was reading the method of storing the address in a paper wallet, cant you just use store the wallet information in an encrypted volume that comes with tails?

>>25849220

Yep. Monero is pretty much as close as you can get to a sure thing in crypto. Those who get in NOW will make it.

How much money does it take to get started? I'm new here and generally stupid. $1k, $10k? $50k?

>>25849579
unknown amounts unironically
never invest more than you can afford to lose

Selling half of my BTC stack for an unknown amount of XMR.

>>25849579
How much can you afford to lose? Don't spend more than that. Other than that, 1 XMR is around 160USD right now. You don't need to buy whole coins.

>>25849334
>was reading the method of storing the address in a paper wallet, cant you just use store the wallet information in an encrypted volume that comes with tails?

You really want to entrust your stack to volatile tech? Paper wallet stored in a safe location is foolproof.

>>25849715
>Selling half of my BTC stack for an unknown amount of XMR.

>>25849748
what do you mean volatile tech?

>>25849220

Im using 3 pcs to mine and im only getting 6khs. What the fuck am I doing wrong

How much $$ would it take to build a good mining rig?

>>25849748
wait, i know for sure the persistent drive of tails is not volatile in itself, and you can clone your drives pretty easily

>>25849847
>what do you mean volatile tech?

HDD/SSD/USB could potentially fail and then you've lost everything.

Ink on paper is safer.

>>25846528
>scrolling through xmr thread
>wait what
ITS THE NUMBAH DJ ON THE WHOLE PLANET MAN

>>25849943
you can make many clones, but I agree with you.
Ultimately though, what you're saying is this is the only hurdle in keeping the info out of the persistent volume?

Are you people aware that this coin is used to buy child pornography? By supporting it's developments you support child pornography.

>>25849685
>>25849735
Not that anon, but I'm a wagie who finally gave in into this crypto stuff. I can put aside some 400 bucks a month safely (otherwise I spend it on BS anyway) and I think I'm going to wait for BTC drop and buy as much as I can throughout the year. And just hold and when I have a little bit of money made, I will diversify it and use some 40% for day trading

Does this sound in any way sensible or doom scenario

>>25850392
>camera manufacturers support child pornography.

>>25850392
The USD is a bigger supporter of that trade...

>>25850392
Im not

*remains being unaware*

>>25850162
>Ultimately though, what you're saying is this is the only hurdle in keeping the info out of the persistent volume?

Yep. And make sure you generate the wallet OFFLINE.

>>25850392
the Internet, heard of it? transfers petabytes of data every minute; do you have the slightest idea how the fuck that works? no, you're too busy shitposting since you have 3 posts asking HoW mUcH mOnErO do you guys have; or majoring in gender studies in some shithole

>>25849927
Depends on what you mean by good. Current "break even" time for most Monero mining PC's are about 2 years, but if you plan on holding then the Monero you make mining might end up being worth much more than that. Depends on your power costs as well. Mining is not for the faint of heart.

I wish bunkeranon still posted here.

>>25850709
the guide tells you to generate it while connected to the internet? what?

So, can I download that website and run it offline? Is there a github link to run it?

Thanks mate!!! I'll make the value of your bags rise so much you'll die in front of your screen.

>>25837597
>>25837597
In some places you can own 20-100+ acres of land for around 100k

>>25850826
>bunkeranon
Is that the same bunkeranon from /DIY/?

>>25850946
Yes. I don't have the pictures handy but he had set up an entire blade server farm to mine Monero in his bunker (or one of his bunkers?) several years ago. I'm talking dozens of blade servers. Looked like a fucking Bond villain's mainframe center.

I wonder if they are still profitable since the RandomX switch. They were old Opteron (some Xeon I think) IMB rackmounted servers from what I remember that he picked up on the cheap. Absolute legend that guy.

>>25850826
Thanks for the reply. That helps me set expectations! I plan to hold but really I just want to do my part to strengthen the network.

I have 3 pcs running XMRig but the pool I am using is telling me I have only 1. Am i doing something wrong?

>>25849876
CPU L2 / L3 cache and memory are big factors even if you have a relatively high core count.

Example, if you had three PCs running xmrig and each has a 6th gen quad core i5, you may still only be getting ~1-2KH/s each and you wouldn't necessarily be doing anything wrong.

>>25844018
Very nice but I will refute this, what’s stopping the tainted btc holder from saying fuck your xmr premium I’ll just sell on localbitcoin? Practically circumventing the xmr premium?

>>25850844
>the guide tells you to generate it while connected to the internet? what?

WTF? which guide you reading?
>So, can I download that website and run it offline? Is there a github link to run it?


Yep, thats how I did it. Actually ran it on an old laptop with busted wifi, just to be sure. I wrote my seed down 3 separate times and then obsessively cross-referenced to make sure they were all identical.

https://moneroaddress.org/

https://github.com/moneromooo-monero/monero-wallet-generator

>>25851322

Im starting to think that unless you have free electricity. Mining monero is not very profitable ??

>>25851383
can you sign off transactions on that also?
Thanks again life saver!

>>25851372
>Very nice but I will refute this, what’s stopping the tainted btc holder from saying fuck your xmr premium I’ll just sell on localbitcoin? Practically circumventing the xmr premium?

Tainted BTC is tainted BTC whether its bought/sold online or offline. THIS is why fungibility is so important.

>>25851144
I haven't used XMRig much but I know in XMR-Stak there was an option in the config file to label individual PCs "worker1, worker2, etc." (or really name it anything you want.) XMRig is probably similar. If you have the same config on every PC then the pool will just see one big hashrate coming from your IP address.

>>25851533
>can you sign off transactions on that also?

Think you need the proper wallet for that. You can push raw TX here tho: https://xmrchain.net/rawtx

>>25851418
Having monero is profitable. You being able to mint your own coins by doing work is more valuable than the fiat money you pay for electricity or even the cost of the machine itself.

>>25851908
Yeah even if you are mining at cost, its still cheaper than buying monero.

Anyone tried selling monero for cash locally? Thinking about using my PO box.

>>25849220
this is completely true, and people are going to think that it was the most easy/obvious choice in hindsight, completely failing to recognize how many people went wrong

unironically read satoshi's whitepaper and think about what has happened to bitcoin since then. monero is the true way forward.

>Kidnappers Demand 100 BTC Ransom for The Son of an Indian Crypto Investor

https://cryptopotato.com/kidnappers-demand-100-btc-ransom-for-the-son-of-an-indian-crypto-investor/

Imagine demanding a ransom be paid through an infungible and traceable public ledger

Officially joined Monero gang. Am I gigachad now?

>>25852508
welcome to the dark side. Monero-chan says hi

>>25851418
>>25851418
There are Monero mining calculators available online which can help - plug in your hashrate, cost of electricity, etc. and you can get more information with which to weigh your decisions.

>>25852498
The police caught fucking 6 of them lmao

to be fair, they seem so dumb they wouldn’t have gotten away with it even IF they used Monero.

Certainly would’ve upped their chances

>>25830884
Wishing comfy blessings on everyone in this thread

how do you guys feel about piratechains claim on being the most private crypto

Is Monero inversely related to BTC? Looks like it went up yesterday as BTC fell now it's going down as BTC goes up

>>25851418
Mom pays electricity.

Can someone make this with the monero bird screaming monero or as its known by smart men the black throated bushtit

>>25853526
I literally Care about no other crypto, apart from eth as mining grows my xmr stack.

>>25853646
Nah. Theres still correlation on larger time frame. Might be decreasing tho
>>25853682
Based. Turning boomer electric into digital gold

>>25853526
>how do you guys feel about piratechains claim on being the most private crypto

https://www.reddit.com/r/darknet/comments/ksj5b9/why_monero_and_not_piratezcash/

>>25853526
pirate chain is just a fork of shielded zcash, meaning the issue of it being a trusted set up already exists.
and this is ignoring all the other really trash things about the project, such as their supply economics, the cringe name, and the lack of any worthwhile tech innovations.
But the dark net choosing Monero is really the only response that needs to be made.
>>25853646
Monero is just moving on it's own for the most part. It'll dump if everything else dumps but not as much, and it'll pump when everything else pumps but not as much. And then sometimes Monero will pump or dump on it's own. It's going to be a fun bull run though, that is for sure.

>>25851981
Easy money, it's in-demand too. Depending where youre at.

Use localmonero

We're all gonna make it.

Aren't the police going to get really mad when there aren't any cash assets in the premises?

Exchange for a make it 1.5x stack, cash out the rest for fiat and move to Uruguay? What say you Men of the Monero?

>>25853815
>>25853526
There's also the issue with zk-SNARKS cryptography being so cutting edge that it hasn't been put through the ringer of analysis like Monero's elliptic curve cryptography, which has been around for a while. zk-SNARKS is "space math" as some call it. Like, it's probably really good cryptography but we aren't really sure yet because it is, relatively speaking, fairly new to the world of cryptographers.
>>25854460
They'll just start planting Ledgers.

>>25854460
>>25854515
most street dealers will still have an abundance of cash for the average cops to seize. organised crime will laundering money via crypto

>>25854279

>>25855810
Lit image

>>25855810

>>25856090
yeah some anon posted these a few days ago. kino.

>>25846969
somewhere between 1 & infinity

getmonero is an amazing wallet, so easy to use.
why didnt i install this before

can based anon post the monero sovereign citizen startpack meme thx

>>25854460
Fuck em

>>25857189
Cake and only cake

>>25857939
Have u been donating them your dust, fren?

*swoop*

Bump

If I buy monero through kraken and send that to offline wallet, will my privacy be exposed? Does monero offer something to remove the traces or should i buy from non-KYC exhanges. Big noob here but just bougjt 2monero

>>25858950
Your wallet address that you give out to receive monero doesn't appear on the blockchain.
Kraken will have data that at that time, you sent x amount of monero to a wallet address. That's about all the information they would ever have, because anything done with Monero after it is taken off of an exchange is impossible to directly trace.

>>25858950
yes what you have to do is find somebodies credit card or personal information buy a burner phone then use it on a starbucks wifi then switch to another wifi then dl apps then goto another wifi then break the phone, then buy another burner phone with the same apk saved and then imput the information then goto another wifi then break the phone and buy another burner phone and then finish the task only then.

>>25859240
*I used kraken here as an example of a kyc exchange.

Almost back at 0.005 bros
Next step 0.008

>>25859240
Thanks, you awnsered my question perfectly.

>>25859242
Thanks, you made me laugh and understand how silly i sounded

How will the Atomic Swap work, practially? Where does your BTC go when you buy XMR with it, and where does the XMR come from, and vice versa?

>>25830884
ZEC will outperform XMR. LOKI will outperform ZEC.

pick your battles.

XMR won't do well in 2021.

>>25859434
Its some cryptographic juggling, read the proposal. But from what i understand its done thanks to BTCs locked coins function and maybe multisig

Is Monero going to continue fluctuating between 170 and 125 for the foreseeable future?

>>25858886
yaay people are saving <redacted> content

>>25859862
hehehehehe

>>25859920
hohohohohohoho

sure feels good loading up on the currency of the internet, boys.

*blocks your path*

>>25860098
A challenger?

>>25831107
Monero will never dump as hard as these other shitcoins so long as it's being propped up by the darknet markets. When/if something better comes along, that's when it's time to short.

bros, should i sell now and restock on next dump?

A few years ago in Pakistan there was a massive campaign to connect biometric identification with every mobile phone in the country. I wonder what they would do in the United States to get rid of anonymous money.

>>25860165
Nothing better than Monero will come along as long as the codebase is maintained by the brilliant minds and cypherpunks that develop and implement the cutting edge cryptography that makes it so great. The same can't be said about Bitcoin, which has been infiltrated by the corpos and meets huge resistance to any network update and just creates forks like a shitcoin.

Decred is the real Monero

>>25860098
Pictured: zec attempting to block monero's path

>>25860260
Im just going to hold bro, the market is acting weird and you never know when we might snap back to previous btc ratios (we are currently near 5 year low)

>>25860427
Newfags take note: other privacy coins can't survive in their own threads, so they come to ours to shill their scams.

Uh, bros?
We moonan

>>25860459
that's fair, last time i sold was right before stellar mooned. still, i feel like the tether stuff will drag us down.

If BTC doesn't shit the bed again we'll push new local highs within the next day

>>25830884
Any monero buying guides?

>>25860658
You probably won't find any exchanges you can buy it for cash so just buy something else and exchange it with a wallet. I use exodus..

>>25860706
I assume The only thing tied to my identity will be that I bought x dollars of monero, right? I'll be buying a few other real crypto too.

>>25860658
just buy eth or ltc and swap on morphtoken or fixedfloat

>>25860877
cool, I'm planning to buy eth anyway. Any detailed written guides though? Like what the deal with wallets is? Like can't you just write down your password on paper and such?

>>25860397
Yesterday's rebels become today's rulers, and tomorrow new rebels will come to rise against them

>>25859725
Yes, until the portfolios of the intelligence agencies are empty (the dumps of death from nowhere will finally stop).

>>25859599

>>25832933
McAfee still has his dong intact?

>>25861083
sage.

>>25833681
You don’t give a shit about the network

*BOOM* FBI! FREEZE!!! GET DOWN ON THE GROUND NOW!! WE HEARD YOU HAVE MONERO!!

Will this be more valuable than bitcoin in 4 years?

>>25861209
Probably not, 10 years tho...

>>25850392
Better get rid of all your dollars aswell. People use it to buy child pornography. You don't want to enable that right?

H-hi

>>25830884
why can't i buy monero on coinbase? i'm a normie btw

>>25862200
US regulators don't like it because of its secrecy.

okay geniuses, whats the difference between Monero and Litecoin?

>>25862548
Nothing it's just numbers.

>>25862507
That's just a convenient front. Coinbase owners partially own/are heavily involved with Zcash corp IIRC.

>>25862548
Everything? Litecoin is Bitcoin with faster blocks, that's all.
Monero is completely new crypto and fundamentaly private.

>>25862548
Monero is for the unemployed and Litecoin is for the retired.

>>25862548
litecoin is bitcoin with all the numbers multiplied by 4
monero is drug money

I'm too stupid to mine Monero. Please bear hand for me sirs.

>>25830884
I used to like Monero but with recent news that feds are able to trace transactions I lost confidence. I sold my XMR stack for a scam called SAFEX that is literary an identical clone of Monero but with a huge possibility that will do 100x because its economics created by SAFEX Chief Economist Ivana Todorovic is based on a Polish MLM system that never fails.

>>25862909
Just shut the fuck up idiot.

>>25849976
Based

>>25861751
Hello monero-chan

>>25857189
Are you talking about the official GUI wallet? Yeah it's awesome!
>>25861117
BirCoin (sic!) never reached 1,000,000

>>25862548
>optional privacy
ill give you one piece of dog poo for all your litecoin

>>25841576
>midwit

What are your experiences with local monero? I dont think I am going to use cuckbase anymore

>>25864634
Not posting dual XMR waifus

>>25862583
This.

>>25850505
buy XMR not BTC.
Otherwise solid plan.

New owner of an undisclosed amount of XMR. Where do you see the price reaching in 5 years? Does it have any kind of artificial scarcity like BTC has or is it more like ethereum?

>>25850826
will I make it if I use my ryzen chip to mine xmr for cypherpunk dev's?

like bitlybt

https://www.biglybt.com/donation/donate.php

>>25851418
correct, however if you live in a cold climate you can just think of it as a small electric heater that collects monero as a bonus.

Why do you guys celebrate the pumps and the dips here? Is it just because it gives you more time to accumulate or what? This community interests me

>>25865851
I know many people here dream about making it and I've heard prices anywhere from 1-5k. Personally I'd be even fine with 10% API, way more that I'd get with traditional banking anyways.

>>25866066
Why not? pump = indication of growing interes t & holdings gain in value; dump = limited time discount

>>25835766
33 is suicide stack, 100 is make-it stack

>>25838376
>castrate yourself goy, then maybe you can afford a lambo

>>25830884
How do u even buy this shit. I dont see it on binance or coinbase

>>25866790
>can't even read the first post
ngmi, sorry anoon

>>25866790
Same here, I am a newfag that wants to buy before more pedos and drug cartels adopt it, but I downloaded the wallet and have no idea what to do next

>>25866856
look at >>25860706

>>25860706
Na thats gay and too complicated. Im gonna pass on this shit coin

>>25866960
Your loss my retarded friend

>>25860706
How long until coinbase veries my id?

>>25861083
Makes me kek everytime

>>25867104
verifies*
The fucking ID is in Spanish, it will take forever

>>25867072
Not my loss. No normies are going to do this retarded multiple step shit. Bitcoin and ethereum is fast and instant. Enjoy floating in the $100s forever.

>>25867132
Screenshotting this

>>25867132
>No normies are going to do this retarded multiple step shit
Exactly why this is the ultimate shitcoin, there are people who need XMR, people that pay an undisclosed amount for an undisclosed service

>>25867132
>>25867162
You turned thin into a ylyl thread, great