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/biz/ - Business & Finance


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27645348 No.27645348 [Reply] [Original]

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

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

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

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


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

WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

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

>Mining
https://archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Gui/Cli (recommended)
MyMonero
Exodus
Feather

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

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

>> No.27646927
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27646927

first for monero-chan

>> No.27647143
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27647143

>> No.27647147

xmr is pretty based, don't you all think the gov is not gonna let this shit fly though with NWO and all

>> No.27647342

>>27645348
so xmr.to got shutdown and morphtoken.com XMR is under maintance, currently only changenow.io works if you need to swap XMR for BTC or other coins, hopefully these services are not being targeted by regulators or something like that

>> No.27647360
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27647360

>>27647147
we anticipate and look forward to this. It only further validates XMR as a private decentralized currency. That said, I see them allowing it to collect more metadata before any kind of ban.

>> No.27647435

>>27647342
Does the new cake wallet allow you to exchange xmr and btc natively?

>> No.27647664 [DELETED] 

If you are looking to start working from home send me private message. We will learn you how to trade with bitcoin. You will earn when go up and drop down. How much money depends how much time you will spend. Sky is the limit . You will have access to support groups, educators and plenty of learning material. Worldwide company. Start changing your life today . This is not a scam. It is spectacular opportunity https://www.instagram.com/p/CK1Kj8HnXBY/?igshid=1lnu0kzo38j10

>> No.27647666

>>27647435
Yes now you can make a Bitcoin wallet in the app, it's not Monero only anymore, and exchange each other, but you can also use these third party services for other coins or wallets

>> No.27647815

>>27647342
atomic swaps would have phased xmr.to out anyways, but of course its not great to be waiting on an implementation not yet available.

>> No.27647947

>>27647815
exactly, now either we wait for atomic swaps or get merchants to accept Monero as payment if we want easy ways to use it

>> No.27648121

piece of shit crab coin
expected at least something these last few months with all the darknet adoption

>> No.27648131
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27648131

Monero is missing out on the bullrun again with puny single digit gains kek

>> No.27648307
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27648307

some one menshoned the term "opportunity cost"
What they means by that?

>> No.27648371

>>27645348
>1.25 million
is this a joke? ahhahahahah

>> No.27648392

>>27648121
>>27648131
Bullish

>> No.27648455

>>27645348
All. XMR. Fags. Are. Secret. Pedophiles.

>> No.27648485

>>27648131
Its a stable coin, the cartel miners keep it that way.

>> No.27648551

>>27648307

Found the monero-chad

>> No.27648754
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27648754

>>27648551
I would never hold such a craby crypto.
It has no use case, it is trackable, and has a duplication bug that is inaudible

>> No.27648768
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27648768

>>27648455
>Monero today is like Bitcoin in 2014

>> No.27648891

>>27647342
sideshift.ai and godex.io work, but yeah these kind of services are absolutely and 100% being targeted, they pretty much have the side effect of allowing you to wipe all history off of your coins in any cryptocurrency and of course the glowies can't have that

>> No.27648914
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27648914

>>27648121
>>27648131
>>27648307
the normies are arriving, strong bottom signal

>> No.27649136

>>27648891
Forgot about sideshift, didn't know about godex

>> No.27649665
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27649665

>>27645348
chad bought some more for himself and grillfren

>> No.27649822

>>27648768
There's your buy signal folks. Xmr is going to the moon

>> No.27649879

>>27645348
How can anyone work for the IRS and actually have a life? If I suddenly found out my friend was an IRS agent I’d literally make his life a living Hell. It takes a real subhuman to work for the devil like that.

>> No.27650137

Thanks god for the comfy thread

>> No.27650659

>>27647342
https://localmonero.co/buy-monero-using-cryptocurrency-with-btc
I assume they won't go after P2P for a while

>> No.27651998

just bumping the monero thread

>> No.27652118
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27652118

>>27645348

>> No.27652223

>>27649879
they're just losers trying to go home and watch their fav tv show. Gov workers are notoriously lazy.

>> No.27652772

>>27648914
>Bottom signal

When the normies come in its the top, bull run has happened alt season is dieing down its nearly bear town baby,

>> No.27652911

>>27652772
maybe for pump and dump shit

>> No.27653033

>>27648891
simpleswap.io also works.

>> No.27653211
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27653211

fuck i broke the rule guys i was swinging xmr so it poooompad
got lucky that inswung into eth but never again

>> No.27654172

>>27652772
they are coming feeling bearish I mean, they are not normies asking "hey fellas, how do I get some of those Moneros?" like it happens in the market top

>> No.27654199
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27654199

>>27653211
yea, just stack 'n chill

>> No.27654465

>>27648768
i said it had a usecase. not that you would like the usecase

>> No.27654554
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27654554

>>27645348
>IRS
Whoever still lives in that burgerland shithole deserves everything that's coming. Should've got out when the idiots elected a literal conman reality TV star with multiple failed businesses and bankruptcies who said he would run America like a business and "drain the swamp".

>> No.27654676
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27654676

>>27654554
kek

>> No.27654897
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27654897

How would you crack Monero? What are they even trying to do? It's not possible.

>> No.27654989
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27654989

>>27648754
I see makes sense. Thanks for the amazing insightful comment. Truly I am enlightened now. If only more clever people like you existed the world would be a better place.

>> No.27655192

>>27654897
Who knows? The IRS is an idiot for thinking it's possible and ChainAnalyses am even bigger moron claiming they can do it. Watch them both get BTFO in 6 months.

>> No.27655294
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27655294

>>27655192

>> No.27655854
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27655854

>>27655294
kek

>> No.27655890

>>27653033
yeah, there are several others services like this also, i just mentioned the two i trust the most. here's a list of all the ones i know about in case anyone's looking for other options for when theirs gets shut down

sideshift.ai
godex.io
morphtoken.com
changenow.io
fixedfloat.com
simpleswap.io
flyp.me
stealthex.io

>> No.27656039

>>27655890
wow thanks for this, really thought there was fewer options, so the swaps won't be a problem for now

>> No.27656098

>>27645348
>1.25 million
Am I a joke to you?

>> No.27656202

>>27654897
>>27655192
Plus with how much they fork the code and change the privacy protocols. Any progress made by anyone looking to crack xmr is sent back to square one again and again.

>> No.27656398

>>27654897
>How would you crack Monero? What are they even trying to do? It's not possible.

It can be tracked by the breadcrumbing of fractured ring signatures.
The Monero team knows of the exploit and will soon expand the ring size.
But hypothetically the attack would still work, it would just require exponentially more addresses.

https://www.monerooutreach.org/breaking-monero/unusual-ringsize.html

>> No.27656410

>>27645348
I have a few XMR sitting on bittrex, but I haven't logged in for years. Have to fill out KYC to get back in, and they are disabling withdrawals soon. Worth getting my name on a list?

>> No.27656680
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27656680

>>27656202
this. the OP image is more like "IRS invests 1.25 million to make XMR stronger"

>> No.27656880

>>27656410
That's jewish as fuck, I thought exchanges just made new accounts do KYC, not existing accounts. Shouldn't have kept your coins on an exchange anyways though.

>> No.27656936

>>27645348
Upgrade your Monero to 0xMonero

>> No.27656961

>>27656410
ofcourse, what does it matter that you bought it some point in time, boat accidents happen all the time :^)
>>27656398
>breadcrumbing
maybe you should eat some bread instead of crayons

>> No.27656989

>>27656410
I would say it is, as long as you withdraw it the KYC means nothing, and it's because it got delisted so it probably isn't getting back any time soon

>> No.27657194

i get monero's strengths, but why would you hold this?

>> No.27657284

>>27656410
Yea I'd pull it out and send it to a wallet and send it to another wallet, then if anything happens just say you lost it or sold it. The kyc is horse shit for withdrawal but at least after you can forclose the account after.

>> No.27657296

>>27656936

Fuck off Pajeet

>> No.27657387
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27657387

>>27657194
so that no one can spy on you, like these guys:
>>27645348

>> No.27657414

>>27656398
triptych will allow much greater ringsizes and also the longer there is a mandatory ringsize >1 this will be less and less a problem

>> No.27657433

>>27646927
i want to crack monero-chan's encryption!

>> No.27657523

>>27647342
>>27647947
use bisq
utilizes tor, can't be shut down without shutting down tor

>> No.27657758

>>27657194
because we believe in the technology

>> No.27657949

>>27657758
>>27657194
wE LiKe ThE sToCk

>> No.27658126

>>27657758
there are other, more lucrative technologies to believe in

>> No.27658127

>>27657949
Huge buy signal

>> No.27658304
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27658304

also this: https://twitter.com/travalacom/status/1356956981399965702

If the IRS comes after one of yall Travala now accepts XMR

>> No.27658655

Do you guys see this falling from $150 anytime soon? Or will it be a slow pump to the top? Trying to decide whether to do a slow accumulation or live irresponsibly and grab a make-it stack now. I feel like when bitcoin tanks again it'll bring xmr down some too...just not sure when that'll be.

>> No.27658780

Someone redpill me on the following coins’ future

>Monero: Seems like a dark horse candidate to become huge but what if it gets cracked and loses it’s mystique or it stays private and fails to gain mainstream acceptance by major financial institutions/governments

>DOT: /biz says it’s the next generation of Crypto

>Avanlanche: see above

>Cardano: see above

>> No.27659096

>>27658780
Every crypto has the problem of "getting cracked" one fatal bug and this shit is gone, same is true for monero.
Ofc most bugs can be fixed afterwards, and so could monero when a bug reveals the users, remember monero hardforks every 6 month to update the network. What was the last successfull update on btc you remember?

>> No.27659173

>>27658780
>What if it gets cracked
literally applies to every crypto
>/biz/ says...
biz has yet to ever mass shill something that didn't turn out to be a scam, pumpNdump a rugpull or just a failed project. NEVER. 0% SUCCESS RATE SO FAR.

>> No.27659395

>>27658655
Yeah i think it will come down again, accumulate slowly and average out

>> No.27659722

>>27659096
>>27659173
What are your predictions for it’s future? Third in line behind BTC and ETH? What do you think it’s price will be in 5 years?

>> No.27659933
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27659933

>hire data firm to crack it
lol what a joke
those retards are too dumb to understand the work of mathematicians

>> No.27660234

>>27659722
i dont know, i just like monero because it is everything bitcoin ever wanted to be

>> No.27660554
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27660554

>>27659722
By market cap I think it can be ranked top 5 easily, since it already has a big share of the darknet and also because it definitely has more use than a coin like XRP that is the number 5th right now

>> No.27660624

>>27645348
Alright so we know the jew is scared of XMR, hence why they also don't offer it on Coinbase.

>> No.27660783

>>27656936
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

>> No.27660943

>>27660783
RenVM + Monero will be the ultimate cross-chain collateral.

>> No.27661049

>>27659395
Thanks, that's what my gut was telling me. FOMO is a dangerous force.

>>27658780
I almost don't see how xmr could fail in the long run. It's anonymous, which is a big asset especially as society and the state are increasingly harassing and punishing people for associating with the wrong crowd. Imagine having all of your transaction history available for all the world to see. Atomic swaps should take care of much of the delisting issues people are worried about, if I understand things correctly. For everything else, there's bisq. The available supply of xmr is comparable to btc. I imagine many people will convert their assets to xmr to hide their money. With such a limited supply, this would drive the price up considerably.

The only thing that I'd consider a real negative with monero is how long transaction times take. But...transaction times aren't so important with online drug purchases or money laundering, so it may not be a big deal at all.

I dunno, somebody tell me if I'm missing something here.

>> No.27661078

>>27658780
> but what if it gets cracked
what do you mean by cracked? The limitations to Monero are already known. The tl;dr is the only way to loosely track Monero is by gathering a fuckload of metadata, and even then logical opsec decisions will protect even direct targets.
>loses it’s mystique
Monero is going to have an immense amount of clout once the greater cryptocurrency community realizes it has taken over the dark net. The majority of maxis are convinced Bitcoin will rule forever. Little do they know...
and fails to gain mainstream acceptance by major financial institutions/governments
They said the same thing about Bitcoin.
Grayscale created a Monero trust the other day. Yeah. The investment is coming anon.
>Dot/Avalanche/Cardano
Shitcoin vaporware that only exists because of speculation from moonboys.
Monero is bought and used today for exactly it's purpose.
Monero works right now exactly as advertised.
Monero has the network effect for privacy cryptocurrency in a world that is increasingly becoming monitored and censored.
>>27659722
Long term growth, likely the hedge for Bitcoin. The longer Monero lasts the more respect and clout it will gain, which will lead to more investment. Right now normies are scared off because they think Monero will get "banned".
>>27660624
Coinbase is invested in Zcash as well.

>> No.27661466
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27661466

>>27661078
>The majority of maxis are convinced Bitcoin will rule forever
also the recent Monero Talk with Peter McCormack is very entertaining. He basically rage quit the interview saying "You are getting too technical about Bitcoin for me"

https://youtu.be/V3b42wTdxuU

>> No.27661884

>>27660234
I'm finally just getting into Monero, having known since 2010 that Bitcoin is completely non-anonymous. I mean BTC is safe as long as you
>only pay cash for it
>use a new address for each Tx
>never publicly list any address
but what a fucking hassle sometimes. Monero is going to replace Namecoin in my crypto portfolio. I love Namecoin's concept but the project fell flat on its face years ago, unfortunately.

>> No.27662434

>>27661884
based

>> No.27662721
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27662721

>>27661466
checked.
and yeah, there are retarded Bitcoin maxis out there. I haven't seen this interview but these guys are snake oil salesman because they do not understand what the fuck they are talking about, especially with regards to crypto privacy.
The longer Monero stays in the space, the better. Because we are going to reach a point where Bitcoin maxis will actually have to admit that Monero is better at privacy and should be used over Bitcoin. They can only defer to the lightning network as a solution for so long. And if they keep fighting? Then Monero will continue to eat away at its market share.
If they were smart they would embrace atomic swaps, but tribalism will probably get in the way.
>>27661466
Bitcoin is anonymous so long as you have no KYC attached anywhere near your wallet. This is why, with the dark net, they are primarily getting Monero by making use of cake wallet (a monero wallet with a crypto exchange built in). In fact, now cake wallet holds both Monero and Bitcoin, making this onboarding even easier. .
But it's reaching a point where now the new users are pissed off about the Bitcoin fees, and they realize that if they just use Monero they save in fees...and that iXMR is faster...and that it doesn't require tumbling...and that it has more room for growth.......

>> No.27662818

>>27658780
Avalanche and Monero are my main bets

>> No.27662843

>>27661078
recommended opsec?

>> No.27662875

>>27661049
my guess is that there will be a major global event like wikileaks getting blocked and being forced to accept btc for monero then a good amount oft maxis and normies will wake up and monero will rise.
Just get in before that
Make a plan how much you want to invest and then think about how long you think it will take the world to go apeshit about privacy, then average out your investment over that time

>> No.27663062

>>27662843
hardware wallet + own node + i2p

>> No.27663366

>>27655192
I feel like the whole IRS debacle (for them) is mainly a result of them not understanding how fast privacy coins upgrade their tech constantly. If the IRS truly understood what was backing Monero they wouldn't be chucking a milly at some companies to do the work for them.

>> No.27663433

>>27662434
Yeah, my crypto portfolio is looking like it's gonna be approximately
>50% BTC
>20% LTC
>20% XMR
>10% CURE
I know Curecoin is a quasi-shitcoin but I refuse to abandon it because it's a legitimate good. Will unironically hold CURE to $0.00 and then keep my wallet if it dies, same as how I still have the debit card from my extremely secure credit union that got (((acquired))). Industrial Credit Union in Liberty Square.

>> No.27663580

>>27645348
>18.4 million rotating supply at all times
>Private but gives option for Public Address
>Atomic Swaps incoming

Honestly, for 154 dollars this fucking thing is a steal and I'm glad I'll soon have over a 100 of them.

>> No.27663604

Brainlet here.
What's the usual protocol for avoiding the tax man, and the best way to cash out?
Just buy bitcoin again?

>> No.27663973

>>27663580
Based. Is https://localmonero.co trustworthy? I need at least a foothold in XMR. It's been on my radar for a while. I have a Kraken account but for obvious reasons am completely loathe to buy any crypto via wire transfer.

While I'm waxing nostalgic about altcoins come and gone, does anyone here remember Peercoin? They invented Proof of Stake, which Curecoin now uses.

>> No.27664308
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27664308

>>27662843
>recommended opsec for using Monero?
1. Avoid KYC if possible.
2. Use unique sub addresses every time you withdraw.
3. DO NOT withdraw exact amounts from exchanges. e.g. If you need to pay 1.23 XMR to somebody, withdraw 2 XMR.
4. DO NOT send XMR directly off of an exchange. ALWAYS send your Monero to your private wallet first.
5. DO NOT send XMR once immediately available in your private wallet (this protects against timing analysis).
6. Run your own node by downloading the blockchain. If you aren't able to do this, connect to a trusted remote node.
7. Only use the communities trusted wallet software (the Gui/Cli), and ALWAYS check the binaries.
8. Never reuse sub addresses, unless that sub address is specifically used for the individual you are exchanging Monero with.
9. If you are still concerned, regularly churn your XMR (sending Monero to yourself).
10. And last, and most importantly, NEVER TELL SOMEONE HOW MUCH MONERO YOU HAVE.

>> No.27664411

>>27663973
Just purchase USDC and/or USDT and then swap for XMR. A trusted crypto investor I know of revealed their portfolio that was actually 10% heavier in Monero than Bitcoin. They think the privacy craze will see a major funneling into Monero, Zcash, and others once governments begin cracking down on Bitcoin through blockchain analytics.

>> No.27665225

>>27664411
>Just purchase USDC and/or USDT and then swap for XMR
You mean I should fund my Kraken account, buy USDT, withdraw into a full node, and use Bisq or something to trade for XMR?

>A trusted crypto investor I know of revealed their portfolio that was actually 10% heavier in Monero than Bitcoin
Interesting. I only have a pitiful amount of BTC, and cursing myself for "trying to get 1 BTC organically before buying it" back when 0.1 BTC bought you a Freedom Hosting invite which was about $10. Trading with all the paranoid retards on Bitcoin Talk (fuck that place, I should've scammed the fuck out of them like that guy who absconded after pretending to sell Cuban cigars and fine whiskey).

>They think the privacy craze will see a major funneling into Monero, Zcash, and others once governments begin cracking down on Bitcoin through blockchain analytics
Based. I predicted in 2013 that original, intact blocks would sell for a substantial premium as collector's items. Another big regret: not buying a bunch of Casascius coins and getting them slabbed when the major coin rating companies were appraising physical Bitcoin. A mint state original Casascius slabbed would be worth huge money, especially with all the knockoffs floating around.

Fun fact: researchers were able to deanonymize a huge chunk of Silk Road users by scraping Twitter for "donation addresses" in bios, like anyone's ever donated to a Twitter rando just because he had a BTC address in his bio.

>> No.27665969
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27665969

>>27658126
yeah but none of them are private. and that means you have to pay taxes which is basicaly money going to gays and israel. and thats very gay.

>> No.27666140
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27666140

>>27665969
Based

>> No.27667274

>>27665225
yeah and we are seeing blowback from bitcoin addresses linked to Nick Fuentes and other conservative pundits.

>> No.27667444

do you guys invest in any shitcoins to get more xmr short term? rather hear stuff about shitcoins from the anons in this thread than the shills all over the rest of /biz/

>> No.27667613

>>27667444
i have some throwaway investments in PNK and STA, i brought htem when they were like 4 cents each woudnt recommend buying now
i also brought some mobilecoin because i heard that signal is potentially working on integrating it into their app
other than that i only care about btc and xmr

>> No.27667993

>>27667444
nope. Though, once Monero's ratio appreciates I'll pick up some Bitcoin.

>> No.27668066

>>27667274
https://www.splcenter.org/bitcoin-and-alt-right

Feeling strongly counter-semitic, not gonna lie.

>> No.27668810

>>27645348
Based Monero!

>> No.27668953

>>27657523
This

>> No.27668985

>>27667444
I'm not into gambling

>> No.27669000

For the first time in history the plebs have financial weapons and the kikes are going to lose. It may not be in our lifetime but their days are numbered.

>> No.27669192

>>27658126
See the problem with investors like you is that you don't really understand the technology, you only se crypto and an investment vehicle. Don;'t get me wrong, nothing wrong with that, but technical people are into this because we believe in the technology and it's usefulness in every day life sometime in the future. Maybe even the near future.

>> No.27669788

will it surpass its ATH again? also, what's the best way to get this off an exchange?

>> No.27669975

>>27669788
The fact that it's adoption is so high and it isn't even halfway to its ath says how undervalued it is. There's no question XMR will pass its prior ath.
I'd recommend Kraken and the GUI wallet for acquiring it.

>> No.27670147
File: 208 KB, 1199x615, BTCvsNano.jpg [View same] [iqdb] [saucenao] [google]
27670147

>>27658304
Nice to see more companies adopting crypto

>> No.27670157

>>27669975
sorry, should've been more clear. i'm holding it on kraken but i want to hold it outside of the exchange. what's the best way to do that?

>> No.27670481

>>27669975
>There's no question XMR will pass its prior ath.
No doubt about it, most of the top cryptos will. Just a matter of time. Most people don't even know what cryptocurrency is. We haven't even reached 1% adoption at this point. Sky is the limit.

>> No.27670611

>>27670157
Withdraw to the GUI wallet. Be sure to physically write down your backup phrase.

>> No.27670688

>>27670147
Travala is probably the best in this aspect of adoption for consuming their products, it's really an example to be followed. Why is it so hard for someone like Amazon to do something similar

>> No.27670727

>>27670157
the official GUI wallet, like the other anon said, is very good as long as you trust your OS. if you're just holding, though, the most secure way would be a paper/offline wallet without ever using your private key on an internet-connected device.

>> No.27670751

>>27670157
Look at Atomic wallet Anon. It's non custodial which means you have control of the keys. Don't keep shit on an exchange, especially if you have a significant amount.

https://atomicwallet.io/

Of you want better security look into a hardware wallet.

>> No.27670990

>>27670688
>Why is it so hard for someone like Amazon to do something similar
Agreed. Bezos probably has some deal with the government no doubt. I know at one point Amazon was looking into creating it's own coin. Then suddenly you didn't hear anything about it anymore. Nice digits also.

>> No.27671049

>>27661466
I think our community has a problem with being raging assholes, who are correct, which makes them even more insufferable.

That said, watching a bitcoin maxi with normie computer knowledge get pummeled for a full hour made me super hard. Thx for sharing.

>> No.27671292

>>27661466
Thanks for the link Anon. Nice digits too

>> No.27671412
File: 405 KB, 2434x1506, m10.jpg [View same] [iqdb] [saucenao] [google]
27671412

Blockchain is rising now because of the defi sphere, that's why I usually check new exchanges. Not long ago, I found BAEX(#baex), did you hear about it? That's a defi binary assets exchange with Yahoo Finance quotes source

>> No.27672374

>>27645348
Let's say hypothetically that crypto were illegal where you live, what would you do so the gov doesn't know you have coins?

>> No.27672386

>>27645348
How do we crush the IRS, bros?

>> No.27672557

>>27672374
a good start would be not posting about crypto on here

>> No.27672632

>>27671049
lmao I agree, we do look like nerds and stuff, but this can literally be compared to a Bitcoiner talking to a FIAT supporter a few years ago, it's like we went full circle

>> No.27672725

>>27672374
bisq maybe? like others suggested

>> No.27672973

>>27672374
>what would you do so the gov doesn't know you have coins
use cash to buy it, never make transactions to/from your personal accounts, simple as

>> No.27672990

>>27670611
>>27670727
>>27670751
great, thanks bros.

>> No.27673089

>>27647147
Xmr exists BECAUSE of nwo. Great idea, unfortunately it may be relatively easy for the globohomo to compromise it given enough time.

>> No.27673602

>>27672557
what's the second?
>>27672725
did you use it, hypothetically
>>27672973
use cash how?

>> No.27674001

>>27673602
you can use stuff like localmonero.co to facilitate p2p cash

>> No.27674049

>>27672374
>Let's say hypothetically that crypto were illegal where you live
is it the same type of "illegal" like how pirating movies is illegal? Or is it the type of hypothetical illegal where if anybody is caught making a crypto transaction is immediately taken out back and executed by a surveillance state?

>> No.27674249

>>27674001
can the gov tell that i used it?

>> No.27674355

>>27674049
torture first for few years, then take you out back

>> No.27674543

>>27674249
>can the gov tell that i used it?
Do you plan on telling them?

>> No.27674748

>>27674543
no, i just don't know how this works exactly

>> No.27674770

>>27664308
>Use unique sub addresses every time you withdraw.
There's no reason to do this and you're just adding the slight risk that you will get the address wrong each time. The blockchain only sees a unique stealth address uncorrelated to whatever address/sub address you give out. The main reason to use sub addresses from a privacy perspective is if you're posting your address all over the internet and you don't want people to link those identities by googling the address. It would be reasonable to use a different sub address for every trading partner like one for kraken, one for poloniex, one for donations on your YouTube channel. Using a different sub address every time you withdraw from Kraken would be stupid.

>> No.27674868

>>27674748
The gov probably knows that you've interacted with the idea of Monero, but they would have no way of reasonably deducing how much you have personal "possession" of.

I for instance, have none, but I love learning about it :)

>> No.27675093

There's no reason to hold this coin. Scenario Monero moons to 1k a Monero token. You try to cash out. World governments already have bans in place for Monero or other privacy tokens (pretend its 5 years later). You convert the Monero to a normal asset such as Shitcoin1,2,3(fill in the blank here). You put said shitcoin back into a fiat account. You sell said shitcoin. Audit season comes around, bank uses world banking jew magic to track down where that shitcoin originated from. No trace
>Hi There Goy, it appears you have terrorist funds in your account, we have to freeze all of your assets, and investigate.
You rope shortly after. Refute this, and no you cannot say "people will buy things with satoshis" because even if they did, the government will still want to track where the cash came from.

>> No.27675187

>>27661466
The problem with McCoreCuck is he's so opinionated. Like if you want to be ignorant and retarded that's fine but you're not allowed have any opinions in that case.

>> No.27675509

>>27655854
is this an elliptical curve or what lol

>> No.27675757

>>27674770
it's primarily another way of creating plausible deniability.
You are absolutely right that you really can just make a unique one for each exchange, but it's easier to tell noobs to just make new sub addresses each time because 1. It doesn't hurt; 2. It's a good habit; and 3. Most noobs reuse their same addresses out of habit from transparent crypto.
>>27674355
Well in that case I would tell you not to use Monero and to find a way the fuck out lol.
But hypothetically, you would have to connect to the monero network with tor or i2p. Then, assuming electricity is also not illegal, you would be able to access your wallet.
Now if you don't have Monero it gets trickier. I would assume you would have to get drops of Monero in some type of black market deals. This is something out of my purview though and would depend on your jurisdiction. There are always black markets, so if you have good street smarts you can eventually get a connect.
So long as your IP activity can't be spied on, and you are in possession of Monero, there is really no way of monitoring your usage.

>> No.27675854

>>27661466
lmao, bitcoin hypemen know nothing.

>> No.27676285

>>27674748
>no, i just don't know how this works exactly
just use a vpn that doesn't keep logs + cash and youre good mate, if you're trying to keep it hidden don't expect it to be convenient thanks to those people in small hats who worship the demiurge

>> No.27676697

>>27645348
how much is syicide stack

>> No.27677303

>>27675093
If someone actually does live in an authoritarian regime they probably prepare for this shit, but really all you have to do is buy bitcoin and swap it anonimously for monero. Then, when you want to cash out, swap it back anonimously and sell it.
You're delusional if you think privacy coins will be illegal though. With that logic, paper notes should become illegal soon tok.

>> No.27677631

>>27675757
>>27676285
Thank you, sorry for asking alot of questions.

>> No.27677700

This guy’s ID is literally ‘C .U. CK’ please come ridicule him: >>27671702 #

He needs many (YOU)’s. This is literally history guys. Biz has found the ultimate KEKold of the board. Come drop a (you) to mark yourself in the archive history books.... let’s get this to a record number of you’s don’t give the cu ck a break...Lmfao we are breaking you’s records

>> No.27678045

>>27677700
Can you get the fuck out of here? You're the reason this board is turning into a kindergarden and the monero generals have been quite comfy recently, please don't ruin it, go back to /b/.

>> No.27678334

2014 og here still holding. Kind of painful to see obvious scam bullshit continue to rocket past monero. Unclear if there is going to be a catalyst to restore it to its rightful spot given the ludicrous amount of fud and associated capitulation in markets. It being one of the few legit mineable coins also puts pressure on price vs scam coins where supply can be artificially suppressed. Still the most cypher punk project out there tho.

>> No.27678656

>>27678334
I consider it a blessing because it gives the monero chads time to accumulate.
>>27677631
no problem anon. glad I could help.

>> No.27679617

>>27674249
Nigger, you mail an envelope with cash to a private party and get paid in Monero. What do you think? Protip: Use a #10 security outer envelope, a #9 inner envelope, and the cash in a printed page.

>>27675093
>converting crypto to cash is a high-IQ move

>> No.27680635
File: 333 KB, 640x625, dj billybool.png [View same] [iqdb] [saucenao] [google]
27680635

>UNKNOWN AMMOUNT!

>> No.27682156

>>27661466
I was about to comment how funny it is that for some people you have to frame it like "well yeah maybe it's good if the US government can catch terrorists by tracing bitcoins but what about the people living under DICTATORSHIPS like Iran" but then McCormack unironically pointed out Lukashenko wasn't able to stop BTC donations to PRO DEMOCRACY FREEDOM FIGHTERS in Belarus.

>> No.27683278

>>27645348
Monero can be tracked, banned, blacklisted and delisted, upgrade your Monero to 0xMonero.

>> No.27683283
File: 86 KB, 624x850, birbbb1.jpg [View same] [iqdb] [saucenao] [google]
27683283

>> No.27683286

>>27647815
it does create some amount of urgency which isn’t an absolute negative

>> No.27683395
File: 13 KB, 300x289, thumb_downloadangryapuapustajaclipartpepethefrogvideopol48830387.png [View same] [iqdb] [saucenao] [google]
27683395

>>27683278
fuck off Rajeesh

>> No.27683721

>>27683278
banned, blacklisted and delisted - sure
tracked - nope
0xMonero - scam in the most literal sense of the word

>> No.27683941

>>27669000
witnessed. do not lose hope brother. when things start happening they’ll happen fuckin quick. logical growth like all things natural

>> No.27684119

>>27645348
kinda want some of this, as the actual idea behind it sounds neat, over it just being an investment.
but so far the only exchange that will let me trade doesn't support it.
should i just use exodus to swap bitcoin for some?
seems like something i'd want to hold long-term but im unsure if just wallet exchanging is the best way to draw any profits if i do want/need to draw any, over finding an exchange that supports it.

>> No.27684135

>>27683941
logistic*

>> No.27684801

>>27677303
>He thinks paper notes aren't going to become illegal soon

>> No.27685439

>>27684119
Buying with BTC on Poloniex should be cost efficient and I think they're no longer KYC. Poloniex should be added to the OPs >>27645348

>> No.27685788

>>27659933
what is a(x)?

>> No.27686286

Smoothbrain anon here. If the IRS cracks Monero, do they effectively crack some protocol like SHA-256?