/biz/ - Business & Finance

>>25932555
Bloomberg had an article saying its drug money

>>25932555
mined exclusively by botnets

>>25932585
>Bloomberg had an article saying its drug money
(((Bloomberg)))

I'm not done accumulating

>>25932555
better gains elsewhere

>>25932585
USD assists in acquiring and literally doing drugs
>>25932590
That was before RandomX

>>25932555
It is the same thing it was 7 years ago... are you a newfag who just learned what it is?

>>25932555
You can use it for anonymous transactions but there is no reason to hold it.

>>25932555
To be honest, normies think a crypto transaction is instant and doesn't requiere any fee. So no, Monero is not what they think Bitcoin is. That said, Monero is still the best and most undervalued coin out there.

>>25932585
Thanks, just bought 100k.

>>25932585
That's how bitcoin was known as pre 2017 and is still know as that in some boomer circles

>>25932712
And what better reason to hold bitcoin do you have, it's literally only psychologic reasons and monero makes more sense to hold long term.

>>25932712
I don't think you realize how fucked up the Biden administration is gonna be.

>>25932585
just went all-in thx

>>25932655
Cope
https://xmr.nanopool.org/stats
Literally a botnet coin

>>25932555
So?

>>25932796
I do wonder what keeps XMR so supressed; you'd think it would at least track with ETH in terms of USD value. I guess you could argue that big media doesn't want to spread XMR knowledge and institutional money likes BTC more because XMR is so private that you can't even guarantee the amount in circulation.

>>25932995
dgaf

>>25933075
If anything XMR is stable, even during the crash. Just give it time.

>>25933075
Underworld still clings to BTC for now. Normies are not informed on how to buy it correctly and they don't realize the value of privacy fully. Every year the frog gets a little more boiled and your rights get slowly eroded away.

>>25932585
all the more reason to
>>25932555
triple checked
no reason anon
welcome to the good side, the based private side

>>25933169
true
XMR chads have Adamantium hands

>>25932555
>being delisted
>hobbyist project
>70% down from ath

>>25932555
>Pedocoin

>>25932995
So it has an actual usecase unlike 99% of crypto? nice.

>>25933283
sounds like lots of upside potential to me. bittrex had less than 1% of xmr volume

>>25932555
cuz we'll never get past bitcoin in the public mind.

When we do it'll be because some centralized solution will be imposed on the public to replace it. BTC is gen 1, prototype future currency.

>>25933283
>>70% down from ath
Do you only buy coins on their ATH ?

>>25933400
>some centralized solution will be imposed on the public
And what circumvents that ? Literally XMR.

>>25933180
>Underworld still clings to BTC for now.

That is changing, XMR is steadily replacing BTC in the darknet and blackhat sectors.

>>25933267
My first XMR paper wallet I apparently saved the wrong key for or some crazy shit like that and lost my first XMR hold. I wrote down the key, I thought, but apparently wrote the wrong thing down, which I'm not even sure how I did. 2 INT plays honestly, I had 6 XMR, too, back when it was $20
Now I have 5 ETH which I'm probably going to just swap into 30 XMR and actually properly keep my info for this time around.

How secure is this method really? I don't know if I want to mail cash or meet some nig in person.

>>25933627
you can rent big boi hashrate and get monero that way

>>25933627
Can't you just buy on kraken?

What wallet do you guys use? I have cake wallet for minecraft purposes, but if I’m going to start looking at monero as an investment I would want something more secure

>>25933756
it says so right there at the beginning durr

>>25933400
>cuz we'll never get past bitcoin in the public mind.

Once the public understands that the US government maintains a blacklist of tainted digital currency addresses, things might change.

>>25933627
Doesn't Bitcoin Cash have lower fees?

>>25933757
Exodus.

>>25933756
yeah, kraken isn’t available everywhere though

>>25933627
secure? pretty good, you don't need to be afraid to loose your funds
private? pretty good, once it's monero it can't be traced. "Churn" (resend to a second wallet) a few times if your life pends on the privacy.
Mind you that off-chain data can still be used against you, such as amount and timing correlation attacks.

>>25933757
official gui

>>25933778
fees a like <2ct and get lower with increased adoption.

>>25933778
Probably, but who gives a shit? It's not private.
>>25933757
Just use the official GUI wallet from getmonero.org.

>>25932555
I would like to hold it but cant justify the missed opportunity cost right now

>>25933967
>It's not private.
I mean lower fees than Litecoin when purchased for the purpose of swapping for XMR.

What if monero does get cracked though? It will lose pretty much all its value over night

>>25934056
XRP fees are probably even lower

>>25934100
So would BTC, though. All cryptos rely on not getting cracked.

>>25934100

>>25933627
How does it remain anonymous if you buy with Kraken? You have to verify your identity to use Kraken.

>>25934134
Americans can't really but it for cash from most exchanges.

>>25932995
Lmao this doesn’t have anything to do with botnets retard

best marketplace for monero?

>>25934056
Oh shit, sorry I didn't realize you were responding to the graphic. Yeah BCH may be even faster and cheaper than LTC these days for the purpose of transfers, I hadn't even thought of that. I've always used LTC in the past. Normie KYC exchanges like Coinbase rip you the fuck off moving funds off the exchange anyway though.
>>25934100
Monero's protocol isn't super complex. It's basically a mixing system plus the addition of stealth addresses. This is an oversimplification but there isn't much to "crack."

>>25934135
wrong term, what i mean is if it could be traced?
people thought bitcoin was anonymous at first hence all the markets adopted it

>>25934212
>How does it remain anonymous if you buy with Kraken? You have to verify your identity to use Kraken.

Kraken only knows you've bought X amount of Monero, once it leaves their exchange the trails goes cold.

But if you'd prefer to be as anonymous as possible, wait for atomic swaps (Q4 2021) and do a cross-chain exchange.

>>25934252
>at night, miners unanimously lower their hashrate for no reason anon! trust me!

>>25934273
Isn’t that quite concerning though?
it’s whole selling point in the privacy, if that’s gone it’s just another shitcoin

So what are the world governments going to do after atomic swaps are implemented and people can conjure BTC out of UNDISCLOSED AMOUNT of monero nilly willy?

>>25934356
No. Low complexity is good as less things can break.

>>25934384
Control personal computing. You will only be allowed to use a terminal connected to the globohomo Network. All storage and computing power will be in the cloud.

>>25934444
Quads for truth

>>25934274
>people thought bitcoin was anonymous at first hence
except bitcoin never had the intend to be private, only tech illiterate people thought so

>>25933283
>Calculating XMR in sats
Fuck off BTC maxi

>>25934444
Based and checked

Alright I’m sold, will start accumulating.
Seeing as all the markets are adopting it now it has more use that 99% of the shit shilled here

>>25934933
based

>>25934933
>>25934966
based and checked

>>25934933

>>25932555
>$168
>underpriced

>>25932555
It was hacked by the government and is a honeypot don't buy it. I heard the honeypot is going to end around June so buy then don't buy yet

>>25932995
>botnet coin
this was 2012 bitcoin fud. try again retard

>>25935376
zoom out retard

>>25935430
i literally posted proof faggot

>>25935625
Yes, but even if it's true, who the fuck cares?

>>25935410
>It was hacked by the government and is a honeypot don't buy it. I heard the honeypot is going to end around June so buy then don't buy yet

>>25935625
>proof
kek

>>25935755
>win10 pushes miner detection update (all retards are using win10 in 2021, probably even including you)
>monero hashrate drops to one tenth of what it was - overnight
>gets 51'd by a chink

>>25935757
I'm a monero dev trust me wait until June you should sell now and buy then

Signed message:
sdogfiq3rgn4io5g45gh45G$%G45gui34ng1gg43g34g%YH54h45yh2h2

>>25935813

>>25935944
the ape one was funnier

>>25935997
Must of struck a nerve

>>25934273
this is a retarded oversimplication.
1. it's not a "mixing system".
2. stealth addresses make it so you can't follow transactions on a block chain. the recipient is 100% private and this can't be "cracked" unless you have quantum computing.
3. You forgot about ring ct which obfuscates transaction amounts.
>>25934356
it's not concerning at all because Monero's privacy is insanely strong and literally available today.

>>25936042
Must have*

>>25936042
You know how I know you're a nigger?

>>25935806
I use Linux. Your scenario is unlikely as monero can still be mined by normal people so it's not concentrated in a few hands.

>>25936364
Just a simple phone poster. Using gboard voice to speech teehee.

>>25935806
anybody who is mining can figure out how to whitelist something on an antivirus

>>25936442
>nigger can’t write
big news

>>25936364
He said 'must of' instead of 'must have'

>>25933548
damn sorry for your loss OP
hope you get back on the train soon

>>25932590
>>25932995
Unironically a better setup than btc.

>>25932555
Normies dont even know what Monero is bro

>>25937468
Worse. I don't think they can detect sarcasm.

>>25936296
>this is a retarded oversimplication.
I admitted I was oversimplifying things. I'm not saying it isn't beautiful, just that it's unlikely to be "cracked" as that other anon was asking because the fundamentals don't rely on some crazy math like Zcash's that hasn't been around for a while. I didn't mean to imply that this makes Monero "less than" any of the others. It's the best by far. Its simplicity is its strength.
>>25935806
RandomX performs horribly on 99% of retail CPUs that are currently in use. You also have to consider that most malware miners get bricked every hardfork unless people keep getting reinfected with new viruses. I find it hard to believe that botnets have any influence over the current Monero hashrate.

>>25936042
lol you didn't understand my post. I didn't want to ruin it with a \s or something dumb like that, and I figured a clearly faked signed message wasn't too subtle but oh well. I guess this place is getting dumber

>>25932585
That’s a reason to buy, drug cartels are going to pump it, I wish I could buy it tho, I am too retarded to exchange my fiat to monero

>>25937627
compare the chart i posted to the number of people online on steam
>https://store.steampowered.com/stats/
positive correlation

>>25938200
well what's stopping you? buying xmr is no different than buying any other coin

>>25932585
Thanks, just bought an unknown amount.

>>25934331
You’re the retard that picked an image from one mining pool. Stay poor.

>>25937627
it doesn't matter about how well it performs, its just about scale. CPUs have the advantage here just because there are so many more pieces of hardware that can run randomx relatively under the radar via infection

>>25938467
I can’t use Coinbase in my country, just looked that kraken launched an app that is allowed here, might try that later, I am a college student so I will buy just around 15 usd