[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 362 KB, 1200x1200, EZTOxJeWsAMnPGj.jpg [View same] [iqdb] [saucenao] [google]
26060657 No.26060657 [Reply] [Original]

explain to me why Monero isn't the best long-term crypto investment

>> No.26060691

>MUH PRIVACY

>> No.26060743

I can‘t

>> No.26060825

>>26060691
Crypto is either going to be widely-adopted and backed by institutions or it's going to be banned, seems like it's the best option to invest in the invest in those two scenarios. Put money in coins that will do well in a system of institutional backing and put money into those that thrive without it.

>> No.26061012

In b4 those clueless about atomic swaps start carrying on about "muh delistings"

>> No.26061069

Monero is the crypto dream made into code
But it works perfectly at 0.2usd so as 10k, so price really doesn't matter for it's use case, which so far does not include the muh store of value / samoa bank jn your pocket (Yet)

>> No.26061110

>>26060657
it isn't
but PirateChain is
enormous upside potential

>> No.26061162

>>26061069
Wouldn't scarcity and delisting drive up the price?

>> No.26061180

>>26061069
On a technical level, Monero is more like a bank than Bitcoin is.

>> No.26061234

>>26061162
Yes. Economics 101

>> No.26061308

>>26060657
literal pedo coin

>> No.26061336

>>26061162
Not really, why there should be scarcity, mining will continue, in case of delisting it will immediately dump 95% then hover around 10usd, enough to do transactions and sell back into stablecoins.
At that time no speculator would hold a considerable amount mid-term and demand will be a fraction of supply.

>> No.26061472

Btc mixers exist

>> No.26061499

>>26061472
They are expensive and don't work against competent adversaries.

>> No.26061568

there's no ecosystem to it and price is too volatile

if there was a stable monero version (yeah yeah xhv) i would put all my profits in it

>> No.26061600

>>26061336
Why wouldn't speculators hold? They can just switch in and out with atomic swaps.

You assume price is mostly driven by speculators and not by fundamental demand for its use case.
What if use case demand grows quicker than the very low level of coins being emitted?

>> No.26061640

>>26060657
https://aztec.network/index.html
This. Ethereum's network effect with privacy will cuck monero into oblivion.

>> No.26061688

>>26061600
>Why wouldn't speculators hold?
Because no gainz
>You assume price is mostly driven by speculators and not by fundamental demand for its use case.
Yes I definitely do

>> No.26061791
File: 1.31 MB, 1150x3896, monero-is-the-future.png [View same] [iqdb] [saucenao] [google]
26061791

>>26061568
>there's no ecosystem to it

Uh, ever hear of the darknet? Its literally replacing Bitcoin.

>> No.26061804

>>26061791
based and moneropilled
people underestimate the amount of traffic on darknet

>> No.26061858

>>26061791
i was thinking about defi

but you are definitely right

>> No.26062048
File: 375 KB, 840x859, retardpepe.png [View same] [iqdb] [saucenao] [google]
26062048

>>26061472

>> No.26062191

>>26061640
>https://aztec.network/index.html
completely different focus. I like what they do, but they are not competing with Monero in any form.

>> No.26062193
File: 769 KB, 821x676, 498504762.png [View same] [iqdb] [saucenao] [google]
26062193

>>26061640
>This. Ethereum's network effect with privacy will cuck monero into oblivion.

lol how about first cuck Zcash's privacy and then we'll see

>> No.26062221

>>26062191
>private
>transactions
How does it not compete with monero?

>> No.26062233

>>26061804
>people underestimate the amount of traffic on darknet

and how much it will grow in future. Safety and convenience FTW.

>> No.26062268

>>26062233
checked and based

>> No.26062295

PirateChain will moon.

>> No.26062321

>>26062193
It doesn't suffer from the some-transactions-are-not-private problem since it's a network where everything is private.

>> No.26062354

>>26062221
>https://aztec.network/index.html
not competing was probably the wrong word. When reading their docs, I think they have a huge disadvantage compared to Monero because of the dev experience, the underlying tech and the stage of the project. You can't just come up with a nice website and think you are now superior to existing projects that have delivered on their roadmap for years. Don't get me wrong, I'm excited for their product and personally support their ideas.

>> No.26062430

>>26062354
They're pretty far into development tbqh. I didn't mean it's ready now, just that it has a good chance of displacing monero due to the fact that it's coupled with ethereum. The underlying tech delivers private transactions, and given that it's compartmentalized from the main chain means that there's no zcash-like problem with it. As long as they deliver a simple wallet the average user that just transacts doesn't need anything more.

In what way is the technology less private? I'm open to changing my mind.

>> No.26062471
File: 123 KB, 1025x1199, iinbifxj2la61.jpg [View same] [iqdb] [saucenao] [google]
26062471

>>26062430

>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.

>> No.26062651

>>26062471
It has fungibility and completely private transactions (sender, receiver, amount). Why is this one in particular worse than the monero system?

>> No.26062673

>>26062471
>>26062651
>there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero
And this too. Inside the rollup there are no non-private transactions.

>> No.26062691

>>26060657
because its a privacy coin and govs are about to ban privacy coins so it will slam down to 0... exchanges will delist it because if they dont the exchanges themselves will be banned under anti money laundering laws... that is why coinbase got rid of zcash by the way....

>> No.26062759

>>26060657
monero could be reduced to a niche investment in a relatively large asset class. Crypto is growing but the open markets for privacy tokens is shrinking. hate to say it but it's the truth. suterusu, however, makes ID tracking hard while not being labelled the same as the others

>> No.26062834
File: 329 KB, 963x933, 7574348.jpg [View same] [iqdb] [saucenao] [google]
26062834

>>26062651
>>26062673

Privacy bolted on top of a maincoin as an afterthought will never be seen as reliable as fundamental privacy built from the ground up.

Monero is king because its not trying to be a Swiss Army Knife like ETH, it focuses on doing just ONE thing and being the absolute best at it. Which is why its currently on its way to becoming the default currency of the darknet and shadow economy.

>> No.26062870
File: 193 KB, 567x1011, 54678347.png [View same] [iqdb] [saucenao] [google]
26062870

>>26062691
>because its a privacy coin and govs are about to ban privacy coins so it will slam down to 0... exchanges will delist it because if they dont the exchanges themselves will be banned under anti money laundering laws... that is why coinbase got rid of zcash by the way....

Called it. >>26061012

>> No.26062913

The thing that worries me about monero is governments sperging out about it, the same way that they do over firearms

>you don't need to keep your transactions private
>if you keep your transactions private, you have something to hide
>if you hide, you are a criminal
>hello exchange, here is a subpoena for the kyc records of everyone who bought monero

Even if you didn't buy your monero on a kyc exchange, your irl identity is still tied to how you bought the monero because of those same damn kyc rules. If you bought through bisq, there will be a bitcoin trail leading to bisq.

>Anon, where is that 0.004 bitcoin you bought earlier? You sent it to someone and we don't know who. You should have provided a complete overview of your crypto holdings for tax purposes.

None of this would technically damage the monero network. Mining could continue on home PCs but that's just muh luty argument.

>> No.26062919

>>26062834
I don't think you realize it's a sidechain, built with privacy from the ground up. You never have to leave the sidechain (but with the shared security of ETH). Entering the sidechain is akin to atomically swapping into Monero.

>> No.26062945
File: 354 KB, 1270x1352, satis-group-privacy-coins-.png [View same] [iqdb] [saucenao] [google]
26062945

>>26062759
>monero could be reduced to a niche investment in a relatively large asset class. Crypto is growing but the open markets for privacy tokens is shrinking. hate to say it but it's the truth. suterusu, however, makes ID tracking hard while not being labelled the same as the others

Actually, exactly the opposite is being projected by seasoned fintech/crypto analysts. Privacy is expected to be crypto's killer app over the next decade.

https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A

>> No.26063074

>>26062945
I have around 200 XMR, will I really make it?

>> No.26063079

>>26061568
How new are you? It has the largest community next to Bitcoin and ETH. Countless websites exclusively tailored for it.

>> No.26063127

>>26062919
>I don't think you realize it's a sidechain, built with privacy from the ground up. You never have to leave the sidechain (but with the shared security of ETH). Entering the sidechain is akin to atomically swapping into Monero.

Sidechained to ETH does not inspire much confidence desu, its an additional layer of dependency when you can just use the self-contained and battle-hardened Monero.

In the end, whomever the darknet crowns king will be the One.

>> No.26063133

There is a hidden inflation bug. You should be buying an audited project like 0xMonero, not some fed honeypot.

>> No.26063146

>>26060691
>crypto
>>MUH PRIVACY

>> No.26063167

>>26062759
its actually the opposite. The market is growing
>>26062870
they had one delisting from an irrelavant exchange in terms of volume. And do you know what? Monero is fully compliant with all regulations. You can watch it here, but I bet you won't: https://www.youtube.com/watch?v=Oqk2JkNYXCU

The delisting was unrelated to regulations, this is confirmed.

>> No.26063187
File: 221 KB, 792x797, 0xmonero-shit.png [View same] [iqdb] [saucenao] [google]
26063187

>>26063133
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
shut up dickless little moron
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

>> No.26063200

>>26063127
I guess we'll see. As long as ETH is producing blocks it will keep running, other than that there is no dependency. The cost of breaking ETH is likely higher than the cost of breaking monero. Fact is that it provides everything monero provides, doesn't have the pitfalls of zcash and dash, and at the same time takes advantage of the price appreciation that all the other ETH use cases create.

>> No.26063210
File: 8 KB, 225x225, 874932423.jpg [View same] [iqdb] [saucenao] [google]
26063210

>>26063074
>I have around 200 XMR, will I really make it?

100 is quite enough to become a millionaire, even 50 should suffice in the long-term.

>> No.26063211

>>26063133
you are shilling this shitcoin everywhere, will you ever stop? Good that you get called out by the same guy on every thread

>> No.26063233

>>26063187
thanks. this is the guy I meant btw.

>> No.26063248

>>26063200
>Fact is that it provides everything monero provides

Can you confirm it provides: ring signatures, ring confidential transactions (ringCT), and stealth addresses?

>> No.26063336

>>26063211
Every day after day I see monero shilled on this board. It must be made public that monero is completely traceable and has an infinite supply. Unlike 0xmonero which has the security of ETH, limited supply, and free of fed honeypot. BUY 0xmonero!

>> No.26063349

>>26063248
>stealth addresses
Yes.
>confidential transactions
Yes.
>ring ...
Can you prove those are better than the SNARK based privacy? As far as I know both are basically unbreakable with current technology.

>> No.26063409

>>26063233
thank you
i just don't want people to make money by lying
lying sucks
there is so much opportunity now
only the worst type of person would try to get ahead by essentially stealing from people by lying to them about the capabilities of a project

>> No.26063413

>>26062913
You can buy it in cash still

>> No.26063424

>>26063133
there is no hidden inflation bug, got debunked in 2018

>> No.26063537

>>26063133
>hidden inflation bug
ITS DEBUNKED SWEETIE

>> No.26063589

>>26060657
Monero has a good use case, but that’s the problem since to fulfill that use it doesn’t really need to massively inflate in price.
Its not a speculative asset but it is an important crypto technology.

>> No.26063613
File: 84 KB, 1064x442, monero-2-strong.png [View same] [iqdb] [saucenao] [google]
26063613

>>26063349
>Can you prove those are better than the SNARK based privacy? As far as I know both are basically unbreakable with current technology.

In theory Zk-STARKs are superior BUT this hasn't been practically established yet, which is why the XMR devs are holding off on adopting. But if it ever becomes the gold standard of privacy Monero will be using it, such are the befits of regular hard forks, you can always up-to-date with tech evolution.

BTW:

>Something similar has already been implemented in the Zcash (ZEC) blockchain, where the information about a sender and a recipient of the transaction, as well as its value, is hidden. However, unlike ZEC, the first version of Aztec launched on Ethereum does not hide the addresses of the recipient and sender — at least for now.

https://cointelegraph.com/news/aztec-at-its-core-a-solution-to-make-ethereum-transactions-anonymous

So its less private than Zcash and Zcash is already unreliable. Gonna have to do much better than that to dethrone the king.

>> No.26063706

>>26063613
First version is not the rollup, it was a hilariously expensive mainchain PoC. Rollup does hide that. Visit the website.

>> No.26063708

>>26061640
Shitcoin optional privacy with no community and no adoption. Eth fags are delirious if they think this trash can compete with XMR.

>> No.26063727

>>26061069
decent points, but at 10 dollars each with a 20mil supply you can only move 200mil a day if you had all of it. consider the millions in paper cash that the cia was paying hamid karzai, the "prime minister" of Iraq. You can'tsetup puppet governments of manipulate global markets with such low liquidity, so at some point it's probably gonna explode in price to accomodate for state actors malarkey in the future

>> No.26063748

>>26063708
Not optional. The entire rollup("chain") is private, just like with monero.

>> No.26063750

would love to rip off her scarf to exchange spit

>> No.26063838

>>26063727
>so at some point it's probably gonna explode in price to accomodate for state actors malarkey in the future
There are literal trillions of illegally obtained/held dollars in offshore accounts. Even if the owners of these funds don't ever realize that monero atomic swaps are an excellent way to launder their money, monero still has a great use case as what people are treating BTC as: a store of wealth. Why store your wealth publicly when you could store it privately?

>> No.26064011
File: 676 KB, 1000x667, 8979382704.jpg [View same] [iqdb] [saucenao] [google]
26064011

>>26063727
>decent points, but at 10 dollars each with a 20mil supply you can only move 200mil a day if you had all of it. consider the millions in paper cash that the cia was paying hamid karzai, the "prime minister" of Iraq. You can'tsetup puppet governments of manipulate global markets with such low liquidity, so at some point it's probably gonna explode in price to accomodate for state actors malarkey in the future

Speaking of:

"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."

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

That major crime syndicates are now getting into crypto is a flashing fucking BUY signal for XMR.

>> No.26064033

>>26063838
no arguments here: i believe in the usecases 100%. only thing i disagree with is the "works on all prices since people don't hodl with it"

monero is definitely made for hodling, but seeing as to how we can't exactly know when atomic swaps will drop, hodling comes with potential opportunity costs. personally i've started building my UA stack and stopped trading

>> No.26064103

>>26063748
kek, ethereum has a transparent baselayer. Have fun working around that.
And I don't have to even look up your vaporware shitcoin that uses buzzwords and has no adoption. I would imagine it doesn't even exist because I've never heard of it.

>> No.26064132

>>26064103
Ethereum's mainchain is to aztec like bitcoin with atomic swaps is to monero. Once you're in, you've gone dark and you can sit there forever.

>> No.26064140

>>26060657
because it will not go anywhere

>> No.26064146

>>26064011
for those reasons alone it is the future. cia can buy our bags at a premium in 5 years

>> No.26064163

>>26061791
and thus you can never cash out

>> No.26064195

>>26062193
chainanalysis business model seems to be fudding crypto but who is paying for it?

>> No.26064299
File: 184 KB, 1601x1600, Atomic_Swaps.png [View same] [iqdb] [saucenao] [google]
26064299

>>26064163
>and thus you can never cash out

Sure you can, atomic swaps make it dead easy.

XMR->BTC -> fiat.

>> No.26064337

>>26060657
1. Bitcoin
2. Ethereum
3. Monero

>> No.26064383

>>26063210
More than enough to make it. All you have to do is sit back and wait.

>> No.26064391

>>26064195
>chainanalysis business model seems to be fudding crypto but who is paying for it?

There is a lot of money to be made claiming you can crack privacy coins, the IRS just paid out $1.25.

>> No.26064442
File: 52 KB, 512x323, 1610232021742.jpg [View same] [iqdb] [saucenao] [google]
26064442

>>26064383
>More than enough to make it. All you have to do is sit back and wait.

Yep, the inevitability of black markets, tax evasion and money laundering = peace of mind.

>> No.26064444

>>26064132
The difference is Monero has prestige and Aztec doesn't. The latter has no community and no adoption. I can find hardly any articles on it and forget about adoption as nobody has ever heard of it. I would unironically recommend shielded Zcash over this garbage.

>> No.26064557

>>26064391
Even if they can crack monero, the time and resources required to do so will mean that intelligence agencies won't be able to track transactions on a mass scale.

>> No.26064588

>>26060657
most normies say they care about their privacy even though they don't care about their privacy, especially if choosing privacy means more work on their end. the average normie:

- uses windows or mac OS which spies with telemetry
- uses a smart tv which spies with telemetry and microphone
- uses a smart phone which spies with general app telemetry, gps coordinates, microphone, video, and cell radio/IMEI telemetry
- uses social media with their real name and location, which catalogs every photo, post, and messenger discussion made (with GPS coordinates)
- actually registers for jewish content moderated apps (discord, twitter, etc.) with their real phone #
- browses the internet without an offshore VPN
- doesn't block ads, doesn't block tracking cookies, doesn't block browser fingerprinting, etc.

now you're beginning to understand why the nigger cattle won't adopt monero. they don't ACTUALLY care about their privacy, because their nigger actions (or nigger cattle inactions) speak louder than their nigger cattle words.

>> No.26064601

Cause it has shit marketing and memes

>> No.26064646

Because IOTA is. Its really that simple

>> No.26064672

>>26064444
>prestige
The fact that this is your remaining argument is bullish as fuck for Aztec.

>> No.26064864
File: 200 KB, 1280x720, 384303847546.jpg [View same] [iqdb] [saucenao] [google]
26064864

>>26064588

1. Normies like using drugs.

2. Normies also like convenience and and safety.

3. Buying drugs on the darknet is more convenient and safe than buying them in da hood at 3 AM.

4. Darknet markets are projected to rapidly expand in future with growing consumer demand (see 1, 2 and 3)

5. Monero is set to become the default and only means of payment on the DNM.

6. Millions of normies worldwide will be forced to buy and use XMR on a regular basis in order to have their narcotics conveniently delivered.

Monero is going mainstream one way or another.

>> No.26064889

160 dollars stablecoin, fuck my life

>> No.26064903

>>26064672
Except it isn't.
You are having people trust a p2p protocol with buzzwords.
My other criticisms, such as it's complete lack of adoption and community, still stand.
I remember I got into an argument on /biz/ last Fall about Aztec and this retard (I'm assuming it was you, because there are probably only a dozen shills who think Aztec has any future) was telling me the same things about how Aztec is insanely bullish and how it is going to destroy Monero.
Well, we are four months later, and still LITERALLY NOBODY uses your shitcoin, and Monero's adoption is booming on the dark net. That's what prestige means. It means it has respect.
Enlighten me. Where is Aztec's adoption? Where is aztecs community that supports it?

>> No.26064912

>>26064672
>The fact that this is your remaining argument is bullish as fuck for Aztec.

Its not us you need to convince, its the darknet boffins.

https://www.reddit.com/r/darknet/

>> No.26064919

>>26060657
Because Doge is.

>> No.26064957

>>26060657
tfw no heroin eyed strung out gf

>> No.26065141

>>26064957
heroin eyes have pinpoint pupils

>> No.26065629

No layer 2 or atomic swaps devs are retards

>> No.26065682

its definately slated to get its milkshake stolen by some lightning enabled privacy coin

>> No.26065758

>>26060657
Monero is unironically my favourite coin but I'd rather hold anything else. I don't understand why. I love the orange color, I love the concept, I love the name, but I just, don't hold monero. If I had a crypto donation link I'd accept Monero first, then BTC and ETH, but I don't want to hold monero.

>> No.26066326

>>26060657
Cuz it's crabbing rn. My only investment that's losing me money

>> No.26066867

>>26064903
based monero chad

>> No.26066901

>>26065758
come on, just one XMR for good measure

>> No.26066952

>>26066901
Maybe later. Just one more shitcoin to x5 my money on...One more...