/biz/ - Business & Finance

>>26062647
>muh nero
boring stablecoin

>>26062690
>boring stablecoin
Is his the best fud you have?

>>26062690
Is this the best fud you have?

good day xmrchads

The normies at work keep talking about coins that are 1-50 cents rambling on and on about their vaporware.

Ive been following crypto for 5 years now and continuously recommend XMR to everyone only to hear "nah it's too expensive"

Imagine not owning the only altcoin that's guaranteed to make it.

Imaging being in XMR when a coin like $DERO exists

>smart contracts
>better privacy than XMR
>homomorphic encryption
>faster in every point
>3 year accumulation

DERO is to XMR what ETH is to BTC

>>26063176
im bullish on it but i wouldnt advice to buy it for now, the delisting fud will play against him and if there is an alt season, there is much safer bets, i still keep a suicide bag but i wouldnt pour much money until the delist fud makes it dump hard and then i will refill

>>26063273
$DERO
Who?

>>26063311
I agree it's under the radar right now
but let's see end of the year :)
we're all for privacy here, it's just some coins are better than others

Just bought the dip at 157, did I do good monero bros?

>>26063383
Ok then. Explain why it has better privacy than monero.

>>26063273
>>26063311
DERO? more like DARE desu

Does anyone have any experience with incognito.org? Is it any good?

>>26063273
Neck yourself pajeet nigger

>>26063591
Let rajeesh explain himself, might be worth a good laugh. He can neck himself later.

>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.

>>26062854
i'm sure he can also pee pee poo poo if he tries hard enough

keep dumping and I'll dump you

any of you guy see the ethereum privacy tokens?

>>26064023
>any of you guy see the ethereum privacy tokens?

Ask the darknet folks, their opinion is more relevant.

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

>>26064023
scams and shitcoins.
ethereum tokens are almost all universally trash, pump and dump scams. Their communities parrot buzzwords and don't care about the technology so much as they care about pumping their ETH bags. I would imagine their privacy tokens are no different.

>>26064203
Based and orangepilled

>>26062647
Why does monerod use one core only? The sync takes a long time, even on a SSD. I feel it would be faster is the daemon would use more CPU cores.

>>26063714
pls give me nude monero-tan

>>26064554
As you wish.

This is bullshit. You know it, I know it. But regardless we are HODL'ing. Right anons?

>>26063273
Why do I need homophobic encryption?

>>26064493
why would it only use one core of your cpu?

>>26065047
So that gay people get caught by law enforcement.

Why is the price so suppressed?
Monero is being used more and more yet the price doesn’t seem to be reflecting that.
Every dark net user is buying monero now.

>>26065153
>Why is the price so suppressed?
Whales are accumulating. They are stimulating demand with shitcoins in pump in dumps and then moving those profits into Moneron.
>Every dark net user is buying monero now.
We aren't there just yet, but you are absolutely correct that this is beginning to happen and by the end of the year Monero will be king of the dark net.

flood the gates

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.

Anyone else thinks the 10 mandatory confirmations before you can spend anything in the GUI wallet is way too large? Has there ever been even 3 orphaned blocks at a time? I'd say 5 would be more than enough, or at least have an advanced button to force send something after a couple of confirmations.

Here's an example:
Bob has 170 XMR in his account
He is about to send his friend a 50 XMR transaction
He receives an incoming transaction of 0.5 XMR from the mining pool payout
Now he can't spend any of the other 170 XMR in his wallet for half an hour! His wallet is completely locked up!

This needs to be fixed.

>>26064654
YOU CANT JUST DO THAT
NOOOOOOOOOOOOOOO

Why is monero being fudded so hard on biz? People shilling useless shitcoins but XMR always gets fudded with some old shit?

why is monero not 200 dollars yet?

>>26066294
Monero gets way less serious fud In my opinion. Sure there are some trolls with copypastas but if anything they provide a much needed comical relief for the thread, doubt anyone ever took them seriously.

>>26066334
because i haven’t sold yet

Monero is an overpriced fork of Bytecoin, use 0xMR

>>26066367
This. In fact, whenever people fud cryptos in general, I often see monero exempted. The fud is probably 90% from baggies of other "privacy" coins

>>26066645
>Monero is an overpriced fork of Bytecoin, use 0xMR

>Are Cryptocurrencies 'Super' Tax Havens?

>112 Michigan Law Review First Impressions 38 (2013), 11 Pages Posted: 5 Aug 2013 Last revised: 5 Jul 2015

Abstract

I describe the mechanisms by which cryptocurrencies — a subcategory of virtual currencies — could replace tax havens as the weapon-of-choice for tax-evaders. I argue such outcome is reasonably expected in the foreseeable future due to the contemporary convergence of two processes. The first process is the increasing popularity of cryptocurrencies, of which Bitcoin is the most widely recognized example.

The second process is the transformation of financial intermediaries to agents in the service of tax authorities, as part of the fight against offshore tax evasion. Financial institutions are faced with increased governmental pressure to deliver information about account holders, to withhold taxes from earnings accumulating in financial accounts, and to remit such taxes to taxing authorities around the world.

Significantly, cryptocurrencies possess all the traditional characteristics that tax havens do; Earnings are not subject to taxation, and taxpayers’ anonymity is maintained. The operation of cryptocurrencies, however, is not dependent on the existence of financial intermediaries. Thus, cryptocurrencies have the potential of defeating the recent successes of governments in battling offshore tax evasion.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2305863

>>26066129
What? No. Bob could send his friend anything up to 170xmr whenever he wants. The 0.5 will have to wait. If Bob sends 50xmr and the 170 was all one output then he will have to wait to spend the 120 change. If the 170 was two outputs, if for example he received two transactions of 85xmr to reach the 170 balance, then he would have to wait for 35xmr change but would still be able to spend the other 85xmr output whenever he wants. Hope this makes sense.

Your point is still fine and more advanced modes and lower confirmation times might be good but it's not as bad as you seem to think. You can also split up outputs by sending them to yourself in smaller amounts if you anticipate needing that.

>>26064950
Maybe? It did predict BTC and the transactions of XMR are still going up so a price increase might follow eventually. Currently we are sitting at 20K - 30K transactions a day

>>26068264

Given the irrationality of the current market, that timeline is more likely to be wrong in the short-term but ultimately more accurate in the long-term, especially since their reasoning is actually quite sound.

>>26068264
Just look it up when it was published, idiot it's been 2,5 years

>>26068640
>Just look it up when it was published, idiot it's been 2,5 years

The timeline might be off atm but the fundamentals are spot on: as predicted, Monero is gaining ever more traction with criminal elements and now that major crime syndicates are getting into crypto XMR can expect significant influxes of black money assets in future.

Realistic price predictions?
Not really buying the whole 20k thing, although if it does massively get adopted I could see a few thousand at least

>>26069598
~3.5k peak of this bull run, I wouldn't be surprised at 20k though

>>26069598
>Not really buying the whole 20k thing, although if it does massively get adopted I could see a few thousand at least

I still remember when they used to say that about Bitcoin.

>>26069741
The darknet adoption is REALLY taking off now, especially as using bitcoin was the main reason darkmarket recently got busted.
By the end of the year i expect every market will be using monero

>>26069741
MSM is literally painting bitcoin as the alt-right/terrorist coin. People who were donated bitcoin like Nick Fuentes are being crucified for accepting "tainted bitcoin"

Just bought more with 1k, been doing DCA for a while now

>>26069841
>The darknet adoption is REALLY taking off now, especially as using bitcoin was the main reason darkmarket recently got busted.
>By the end of the year i expect every market will be using monero

There will likely still be a few hold outs for a while yet since BTC integration has been the default for so long but now that the largest DMN is Monero-only it sets the gold standard for OPSEC, and you know how DNMs love to rave about their OPSEC.

So I reckon sometime next year we'll see Monero fully take the throne. Perhaps even sooner if more busts happen.

Just market bought some more! And I have a big limit order in at $150. Should I ape in or average in?

>>26070070
>MSM is literally painting bitcoin as the alt-right/terrorist coin. People who were donated bitcoin like Nick Fuentes are being crucified for accepting "tainted bitcoin"