/biz/ - Business & Finance

Monero Hopium:
- Cake wallet downloads in January double compared to installations in December.
- Monero transactions in January was the highest monthly total in Monero's history, hitting 607,000.
- xmr.to has shut down, citing the multitude of alternative coinswap services available as well as the increased difficulty of dealing with restrictions. Rather than sacrificing privacy (e.g. not allowing tor or vpns to use their service) they have shut down.
- Grayscale has applied for a Monero trust. They have not announced any purchases of Monero, nor have they confirmed this in a press release.
- An anonymous contributor has created a CCS proposal to help refine the p2p network. For the unaware, Monero dealt with ~2 months of constant attacks against its network. While the attacks were fought off and ultimately fruitless, it does display that the network could be optimized. This anon appears to be in good faith with the dev team. You can see the CCS here: https://ccs.getmonero.org/proposals/anon-perfect-peer-to-peer-protocol.html
- Monero chan scored a gorgeous goal in the /biz/ 4chan winter cup match yesterday. Shout out to all the anons who voted for her to be included, as this is great exposure to the other 4chan boards who watch these games. You can see the goal here: https://twitter.com/oven770/status/1357794694705651712

Updated Daily Monero Transactions

GIVE INTOTHE MEME ANON

>>28136136
>Cake wallet
Are monero bought mostly with bitcoins? will it dump when bitcoin dumps?

>>28136136
awesome title OP
>>28136653
bullish

>>28137291
I wouldn't say mostly, but because of Bitcoin's liquidity, it is used to swap into Monero.
> will it dump when bitcoin dumps?
yes.
But historically Monero doesn't dump as much as other alts.

https://news.bitcoin.com/darknet-giant-white-house-market-drops-bitcoin-supports-monero-payments-only/

>>28137892
Yeah XMR price action is weird. It seems partially decoupled.

>>28136810
what is that upside down XMR

>>28139244
I cant post the pic but there was a good greentext about it
soon to be fully decoupled
atomic swaps are gonna be a huge game changer

Hidden inflation bug, its over

>>28139973
Theres a btc double spend fud every few months what do you know

Where can I find a XMR community other than /biz/ of course?
Are people accumulating still? I have 5-10% in XMR and I'm thinking of swapping some ETH or XTZ to XMR, increasing my XMR stack. Good idea?

>>28141266
i have like 10% and personally I am not buying more now, just holding

dunno about other XMR communities, reddit one seems dead

>>28141266
The monero Reddit is actually great. They ban moon boy discussion and a lot of the devs post there.
Regarding your stack size: it’s up to you. A lot of us are still accumulating, especially at this ratio and usd.
Tezos is a shitcoin and you should dump it.

>>28136136
>>28136244
xmr-tan is cute!

I just looked at a bunch of the high cap coins and their tx counts, and monero (and dash weirdly) seem to have the most organic looking adoption. BTC and ETH look stuck but would grow more if capacity increased. I will try to fix this plot and only compare the relevant cryptos later.

cake wallet or exodus?

>>28141266
XMR is insanely undervalued imo, but you should invest what you feel comfortable with

>xmr soon out of top 25 mc
feelsbadman

>>28141266
I have 60% of my crypto allocation on XMR, however I'm starting to think about swapping most of that to BTC and ETH and leaving something like 10% or 20% on XMR as an emergency secret money fund instead of waiting for it to stop being so undervalued

>>28143662
cake on phone
gui on desktop

>>28144014
I wonder how many people expect XMR to moon long term, but are holding BTC and ETH for the short term gains, which they then plan to convert to XMR. XMR may explode after BTC peaks this cycle.

>>28144150
cli on desktop, imo. gui randomly freezes for me.

>>28139244
Only issue is that current decoupling is no correlation with upswing and strong correlation with downswing of other cryptos (real talk: decoupling is a good thing long term tho)

>>28144014
With the current XMR/BTC ratio this would be a terrible idea. You're selling at the bottom.

>>28143287
Based. Nice OC anon.
>>28144279
Based CLI chad

>>28143287
bitcoin's tx counts are capped, though, and we've basically already hit that cap. one of many reasons bitcoin will fail long term.

>>28144712
ty, I will fix it up tomorrow. The thumbnail looks like shit.

>>28144648
Yeah, I should just hold, feels bad to underperform btc this hard tho

is it true that with monero, the fees become cheaper the more transaction there are?
how does that even work

>>28145480
I haven't heard that, but miners are allowed to increase blocksize in exchange for reduced mining rewards. So if transactions slightly exceed block capacity, you'll start to get fee competition to be included, but if there's an excess transactions, miners will be able to expand blocks and make up the loss in mining rewards with all the losing fee transactions.

>>28145480
Block size increases if transactions increase. Google dynamic block size and dynamic fees.

I just love that while the coin's price is having some nice price action, everyone is still just discussing the fundamentals of the coin and spreading good info.

Yeah, this is the one gents. Glad to have you all here.

>>28146288
>>28145928
holy fuck man reading this just makes me cum
monero truly is one of the best pieces of technology ever created
>>28147304
:)

>>28147304
Have you or anyone else seen the elon tweet about deflationary coins vs tail emission coins and the monero subreddit comments about it? They are discussing economics and it's wild to believe everyone thinks there right. I'm not sure what to believe. I feel like these things should be known by now. Haven't smart people figured how what is best by now?

>>28147632
Yeah the dynamic block size is a huge deal and one of the more underrated parts of xmr.
>>28147677
Yeah tail emission is a brilliant way of keeping the mining network stabilized. In conjunction with dynamic block size, monero has a base layer that scales better than any other crypto.

I'm waiting for my new rig parts to arrive to set up a node and start mining Monero-chan
this year is gonna be great

Comfy thread. Monero chan nfts.
https://app.rarible.com/token/0xd07dc4262bcdbf85190c01c996b4c06a461d2430:124076

>>28148577
Cute monero Chan!

>>28144492
Hmm yeah. But like I said XMR is weird. It moves up when it wants to. Or if you really forced it by pouring in millions like this mad bullrun here.

>>28148221
It scales better than any other PoW crypto, for sure. I'm still a little on the fence about PoW vs. PoS, though. PoS has much more direct incentives for securing the network, and also avoids issues of hash power concentrating in areas with cheap electricity costs. It's the only thing about Monero that's a little iffy to me. But on the other hand, PoW is a proven technology, and there's been no major implementation of PoS that's really exercising all the edge cases.

>>28148976
Also, RandomX is just insanely cool. Monero is just filled with really neat tech.

>>28148577
Nice!

>>28148577
how do we know if that's the original creator of the image
>>28148976
what bothers me about momero is always syncing the wallet, why is that?
i don't want to wait 5min every time i want to send something

>>28148976
I read a comment a little while ago someone said about PoS. The problem with it seems to be that is continues to pour new money into the hands of those who already have a lot of money. It is less accessible than PoW w/ RandomX right now is, for instance.

Anyone with consumer hardware and mine monero right now, not for a ton of profit, but enough to cover the cost of the electricity it takes to mine it and maybe some of the hardware costs. It's pretty cool.

>>28149300
I’m a monero Chan enthusiast and I can confirm that is OC.
The OC anon appears every so often and blesses us with more drawings. He’s very elusive though and never responds to our inquiries for more drawings lol.
>>28149300
It’s because your private key needs to run through every transaction to see if you received any inputs. 5 minutes is an exaggeration. It only takes a few seconds for me.

Mining XMR: yeah or nah?

Stolen for the community.

>>28149388
I mean, it depends on how the staking works. If it's like eth, where there's a minimum amount necessary to stake, yea, that creates a barrier for the little guy. But theoretically, staking responsibilities (and rewards) could be partitioned proportional to your holdings, regardless of how much you have.

For PoW, the same concentration of capital also applies. If I have a lot of money, I can buy a lot more hardware, and mine a lot more coins, and therefore buy more hardware, etc.

>>28149704
Support the network anon, use your cpu for something good for a while.

>>28149602
>It’s because your private key needs to run through every transaction to see if you received any inputs.
isn't this bad for adoption?
and yeah on desktop it takes seconds but on mobile it's minutes, and first sync took almost an hour
is there a way this can be fixed?

>>28149729
He should just post his address and ask for donations. I’m sure plenty of anons would oblige.

>>28149704
mine if you either have a fast, new, and efficient cpu with 2+ mb of l3 cache per thread, or if you don't care about profit. don't mine if you have an old or slow cpu and you care about profit.

>>28149704
If it's profitable for you, absolutely do it. If it's not quite profitable, you should probably still do it because 1. you'll contribute to the security of the network, and 2. presumably you believe in the future of Monero, and believe it's likely to be worth significantly more in the future.

>>28139296
wownero. kinda like mario and wario or something like that

>>28149704
>>28149997
also if you care about helping the network, pick a smaller pool instead of one of the big ones

>>28149880
You can restore from a specific block height, so if you make a brand new address you can scan from the most recent block and you’d be fine.
Monero is based on cryptonote, so it requires running your private key through everything. It’s not ideal but that’s the trade off for privacy.

>>28150388
are there plans to optimize that or make it retard friendly
or make the syncing faster on mobile, probably not but i guess asking is always good

>>28149880
>is there a way this can be fixed?
it's not broken.

>>28149093
monero is basically the linux of crypto: very well thought out, highly technical but because of that not very approachable to newbies. like linux it will probably not dominate the retail space but still has a very strong niche

>>28149602
https://files.catbox.moe/5n766x.png
https://files.catbox.moe/9add6j.png

>>28149880
You could use MyMonero which stores your view key and scans every block as it comes in. I think the backend is open source so maybe people could run their own version and have both privacy and convenience.

>>28151204
How technical, exactly? What's the requisite background knowledge?

I'm considering getting in on this coin as a long term steady growth is there any pattern for dips any anons have identified?

>>28147677
>Haven't smart people figured how what is best by now?
The only smart people who were ever given a platform to discuss monetary policy historically were Jews that argued about how specifically to steal the goyim's money through inflation. Even when currency was hypothetically hard pegged to gold, Jewish bankers routinely printed more paper currency than actual reserves, leading to inflation and then deflation (Jefferson talked about this). Strictly enforced inflation limits are a brand new thing enabled only by cryptography, as banks flouted any restrictions gold should have imposed on them. So no, hard money theory has never been thoroughly attempted. Remember that inflation is taxation; every new unit printed attains the value of each existing unit, but devalues circulating units. Thus any method of inflation functions as a tax on those who have currency to those who can print it. Moving on to crypto, I believe the biggest difference will be in endgame fee economies. While it's true Monero and other coins inflate, they do so at a fixed rate, meaning the yearly inflation rate as a percentage of supply gets infinitely close to zero. Is there a monetary difference between 0% inflation and 0.0...001% inflation? I kind of doubt it. (Technically bitcoin deflates because coins will be lost.) The biggest difference is that bitcoin will eventually have to rely solely on tx fees to pay miners, while tail emission coins will rely on an infinitesimally small tax on all users.

>>28151204
A big difference is that the Monero community is autistically obsessed with optimizing the experience as much as possible to make it as accessible as it can be without compromising privacy. An example of the Linux approach would be coins that make the user learn and then jump through a ton of hoops to attain some amount of limited privacy.

>>28151204
It should be observed that Bitcoin was in a similar area at this stage in the early 10s. Monero will get more and more user friendly as time goes on. Hell, the past year with cake wallet has been an insane amount of growth.
>>28151496
anon drop your xmr address lol
>>28152145
Based and tail of emission pilled

>>28152062
Just buy. It is way undervalued.

>>28152778
explain please

>>28151496
POOPA

>>28152145
can i have examples of tail emission coins?
eth and doge? what does that even mean anon

any guesses on what sort of price action will happen to XMR when we hit tail emission period??

>>28154078
Monero is a tail emission coin. Not sure about others. The basic idea is that instead of mining rewards going to zero, they go to a fixed amount. I believe for Monero it's 0.6 XMR/block. Bitcoin will famously go to 0BTC/block eventually. All of the "infinite supply" coins I know of, like Monero, only emit a fixed amount (such as 0.6/block). This is opposed to traditional currency where inflation is targeted as a percentage of the total supply. (If the dollar had a fixed 2% inflation rate (lol), for example, the supply would grow by 2% annually *compounding.*) In our hypothetical world, the dollar supply would always grow at 2% each year. With cryptocoins with tail emissions, the idea is that since the supply is expanding at a fixed rate, the inflation expressed as percentage of supply will go to zero.
If you had a supply of 100 coins, and a fixed inflation rate of 1 coin/year (like crypto), the first year you'd have a 1% inflation rate. (101 coins). After a hundred years, however, you'd have a supply of 200 coins, but still the 1 coin/year inflation, so now your inflation rate is 0.5%. Eventually you'd have a thousand coins, and your inflation rate would be 0.1%. And so on
On the other hand, if your inflation was 1%/year (like (sane) traditional fiat), the first year would be an increase of 1 coin for a supply of 101 coins. But in order to keep the 1% rate, the next year would be an increase 1.01 coins. When you got to 200 coins (much sooner), the increase would be 2 coins. When you got to 1000 coins, the increase would be 10 coins.

>>28152977
Monero is one of the only coins with actual adoption. The only coins with more real adoption today are BTC, ETH, and arguably LINK. It's currently not even in the top 20, and if markets were rational it's market cap would be at the very least on par with Litecoin. That would put Monero at over $500 per coin. It's one of the only coins that's fundamentals have outpaced it's price action this bullrun. Personally I'm fine with that, because it gives developers a chance to continue the pursuit of true digital cash without moonboys complaining about their decisions. I don't know when the market will realize it's value, but I have no doubt it will survive any culling bear markets can bring.

Does anyone have good reasons as to WHY xmr price is so low? Good fundamentals, great adoption, literally the only real privacy coin. It's difficult but not at all impossible to buy. Wtf is happening? Are there giga whales dumping?

>>28155409
1. Lack of marketing. Monero is a grass roots community and they have an anti moonboy stance, so the project isn’t hyping up upgrades as “new paradigms” to normies.
2. A lack of on ramps. This is improving, but Monero is not as accessible as Bitcoin.
3. Tech barrier. This is also improving every day, but it scares off normans.
4. Regulation fud.
5. A steep supply curve. Bitcoin has halvenings, whereas Monero has a steep emission curve. This has possibly lead to miners hoarding Monero and selling off periodically.
6. Price suppression.
7. The crypto market is retarded.

>>28149729
>>28152645
4Aw7RhiAKznR8jJtX4qtLRSbX5Q64zDbNhX1suMdrHYTGB2tPnLUAxi6X1z8bLF1G5NoWbvjgdxBvS4XRUkXkBpJ8kx7xAB

>>28136136
I'm gonna start my own mining operation soon :)

>>28155898
>6. Price suppression.
How so?

>>28156394
Based.

>>28136136
Is it worth trying to mine this on a mid-range PC (i5 4690k / GTX 1060 6GB / 16GB ram)?

Started messing around with XMR-Stak last night, but looks like it will be a painfully slow road to even 1 XMR...

>>28151781
its core competency, privacy, requires you to understand why things like bitcoin are actually not private at all despite what the general public might think. the economic concepts like fungibility, while also a critical feature, are not immediately obvious to moonboys who just see people buying lambos with profits from vaporware ERC20 tokens that don't even work.

>>28152555
i hope so anon. they have definitely made improvements from back in the day when it was cli only.

>>28156112
check your wallet anon. thanks for all your hard work!
>>28156692
Sell walls, shorts, and FUD.
There's a reason why every shitcoin has random, massive pumps "out of nowhere" while Monero kind of slowly does it's own thing.

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.

Gentlemen, I do believe we have finally escaped from $150 purgatory. Now the fun can resume.

>>28159820
unfortunately at the cost of getting slaughtered on the btc ratio but it's something i guess

xmr decoupling continues

>>28159820
LTC is pulling away from us...

bump dont die pls

Bumping. Discussing monetary policy rather than memes... you've got my attention.

We need someone to step up and dogpill snowden on monero

Crazy idea I had bros.

What if I built a PC with all shit specs besides a top-tier CPU and just mined Monero while I watched YouTube or anime or whatever

Would I see any significant gains? Anybody have any experience with this?

>>28162249
Yeah monetary policy is crucial to having a successful long term cryptocurrency.
>>28162518
A Snowden endorsement would be huge.

>>28159540
nice leaked meme, will donate when that one goes live brother

>>28141266
>Increasing stack a good idea
Yes just keep stacking, if my long term projection is correct and xmr adoption and decoupling continues we'll be between $800-$1,000 by April 2022

>>28162551
I was considering doing this, but having my rig set up at my job without anyone knowing.

Help frens, Morphtoken says LTC -> XMR is "under maintenance." Any way around this? Alternatives are fine, so long as they are instant and don't require any verification

>>28163771
changenow

>>28163771
sideshift.ai is fast and has some pretty low fees, would recommend it over morphtoken/changenow/godex

>>28136136
I can also store monero at a hardware wallet no? Like nano x

>>28158472
Thanks anon!

been holding xmr for years, just bought 5k more. I don't need xmr to moon but i just want to know that it has a future and doesn't keep slipping on coinmarket cap. what do you guys think?
will people realize that privacy is very important? hell, that's the reason why i got into bitcoin in the first place.

*bans all exchanges from buying/selling monero*

>>28165823
feds are suppressing the price

>>28165973
>just uses one of the many xchanges on TOR

>>28165823
>feds finally legalize weed
Bearish

>>28165973
>le pedo coin is traceable!!!
>le US gov bans coin they can apparently trace

>>28157866
Depends on your electricity cost
Mining effrium (if your graphics card has enough RAM) is going to be more profitable

>>28165973
*Buys BTC then trades It for monero*

>>28166789
Hmmm anon it says in the blockchain that your bitcoin address exchanged to some monero

>>28166902
that's not how it works KEK
How retarded are you?

Any similar site like avacus.io or purse.io but pays out XMR instead?

>monero drops from #18 on most charts to #23 in just 2 weeks
Please, tell me how this is good for xmr.

>>28163771
Cute!

>>28165973
>*bans all exchanges from buying/selling monero*

OH NOES!!!!

any anon used localmonero before?

>>28167429
More time to accumulate cheapies whilst the normie, biz autist and nigger coalition chase shit like dogecoin. Monero will still be here when a thousand shitcoins are ash.

>>28167530
atomic swaps for xmr will never be actualized. face it, not even fluffypony has given a shit about xmr in years.

>>28151496
Monero chan ... pls accept my gift ... don’t ever leave me again

>>28167688
Based and cheapies pilled

>>28158472
The only surefire way to get XMR to moon is to make more cute and endearing pictures of monero-chan (none of that deviant art vomit-inducing garbage-tier rubbish) and have them spread everywhere throughout reddit and twitter to spark curiosity and awareness of the project.

>>28167540
Yes, never had any issue with it

>>28167530
>just wait til unobtainium is discovered!

>>28162551
Probably not but it would be fun anyway. I've done something similar but been getting by with a 2200g until a good deal on a 3900x or better comes up. You will need a half decent motherboard to run a good CPU. For example the MSI Mortar b450m has a good VRM heatsink for it's price which is the main thing. Also fast ram will improve your hash rates a fair bit and better CPUs will save you money on electricity.

https://xmrig.com/benchmark
You can use these results with any mining calculator to estimate your earnings with theoretical PCs you build on PcPartPicker.

>>28168720
*better PSU will save electricity

Lots of things to min/max actually. Fun but not simple and from a financial point of view better to just buy XMR.

How is Monero not a buy when people are still doing illegal shit? There must be another lesser known Silk Road out there that's humming along. Drugs sustained Bitcoin through the dark ages, they sure as hell can sustain Monero.

>>28162518
>>28162670
Snowden has already fudded Monero in the past. He shills ZionCash because that's what he's paid to do. He only exposed the NSA because he's CIA and CIA regard NSA as a threat to their own power. NSA being relatively more patriotic American and CIA being more globalist Jewish.

>>28167019
There is a problem with bitcoin fungibility, because it is increasingly unlikely to be banned (with shit like Tesla happening), but it needs to be fungible enough to be tradeable on dexes without risking poisoning your public wallet. Either only blacklisting via an accessible tool so users can avoid trades, or at minimum the ability to easily check before depositing to a regulated exchange to avoid seizure.

>>28167530
You'll still incur BTC blockchain fees. And if regulated exchanges start anally blacklisting/whitelisting BTC finding counterparties could become very difficult.

>>28167778
>atomic swaps for xmr will never be actualized.


>>28168308
>>just wait til unobtainium is discovered!

lol FUD harder, ewe guise!

>Farcaster: Community update January
>https://www.reddit.com/r/Monero/comments/l9offg/farcaster_community_update_january/

>XMR<>BTC on stagenet - update by COMIT
https://www.reddit.com/r/Monero/comments/kwbzrh/xmrbtc_on_stagenet_update_by_comit/


>You'll still incur BTC blockchain fees. And if regulated exchanges start anally blacklisting/whitelisting BTC finding counterparties could become very difficult.

When BTC starts getting majorly raped by governmental blacklisting is when confidence in Bitcoin begins to death spiral, kicking off a mass exodus into Monero.

In any case, atomic swaps are eventually going to be expanded to other chains, LTC and ETH will likely be next.

>>28168923
It definitely is. Multiple darknet markets chugging along, pretty much all accepting XMR. The biggest of which is XMR only.

>>28170067
How would one hypothetically find a list of these exchanges? Or the top one you mentioned? I’m no stranger to the technology aspect here, I just haven’t paid attention and things change often.

>>28170294
dark.fail

They stopped accepting BTC for donations recently too. It's XMR only for anyone with a brain.

>>28170482
>XMR only for anyone with a brain
Sadly that's very bearish given how many stupid people there are in the world.

>>28170670
>Sadly that's very bearish given how many stupid people there are in the world.

I wouldn't worry about that, normies love their drugs and will do whatever is necessary to score.

>>28136136
0xMonero

>>28154975
thanks anon

>>28171164
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

>>28170482
Thanks man.

>>28170825
I appreciate drugs which is part of the reason I love monero. Also I just love freedom

There are breadcrumbs that Elon Musk likes Monero. Will make a post when the chink bastard that owns this place un-rangebans Australia from making OPs or starts accepting XMR for passes.

>>28158472
>>28156112
holy fuck, this guy's stack is such an <unknown amount> it's crazy

>>28170825
Honestly idk about that, I'm guessing most people use imessage and facebook messenger to buy drugs lmao. The ones who manage to figure out how to use the darknet usually just send btc directly from their kyc verified exchange to the marketplace. They're too dumb to even figure out how to install a wallet.

>>28174038
>I'm guessing most people use imessage and facebook messenger to buy drugs lmao.

High-risk proposition, especially for sellers.

>The ones who manage to figure out how to use the darknet usually just send btc directly from their kyc verified exchange to the marketplace.

BTC is gradually being phased out on the DNM, the folks over at r/darknet can't wait for it to finally be gone.

>>28174404
>gradually
But its been phased out?

>>28174548
>But its been phased out?

Not fully, but its getting there. WHM forcing lazy n00bs to switch is helping things along.

Is it possible for there to be an ETH ERC private coin? Because I think that would kill monero.

>>28174776
No

>>28174776
>Is it possible for there to be an ETH ERC private coin? Because I think that would kill monero.

Nope. Optional privacy bolted on top of a fundamentally public ledger will never be as reliable as default full-spectrum privacy built from the ground up.

NEVER. EVER.

>>28174776
the closest thing i know of is tornado cash

>>28159367

>>28143287
lol you can see the point where eth got gimped due to tx costs lmao

How many monero to make it?

>>28147677
checked. elon's take on doge's tail emission is very fucking bullish for xmr

>mined doge in 2014 for the meme
>found my old wallet with 2k in it
>sweet its worth $170
>traded it yesterday for 1 xmr
Feels good guys
Also started mining xmr to heat my room, I've got electric heaters so it will porbably save a bit of money

why even shill coins here if they aint microcaps, like wtf is the point?

>>28145073
you still perform better than 99% of people in real life

>>28139341
Any idea when atomic swaps are going to be a thing? I have been hearing about them for what feels like years now.

>>28175912
You won't make it with monero.
This coin will never fluctuate more than +-10% monthly.
It's very stable.

>>28136136
this coin isnt the best for growth, which isnt a problem, but it does change things. seems like a good thing to have a bit of, but how much would you say is a good amount to have just to be prepared ahead of time before it becomes harder to get a hold of?

>>28174404
>High-risk proposition, especially for sellers.
Right, but people are retarded or just don't care. And if customers only want to use text messages then the dealers have to as well, but that's why dealers use trap phones.
>BTC is gradually being phased out on the DNM, the folks over at r/darknet can't wait for it to finally be gone.
plebbitors are retarded, and r/darknet seems like a honeypot otherwise it would've been banned already. But yea xmr adoption is growing, I'm sure another marketplace will take Dark Market's place soon since the average person is too dumb to figure out xmr or simply doesn't care enough about their privacy. I don't think the dnm has much of an effect on price action anyway, especially since vendors need to sell for fiat. Chainalysis claims dnms only had 1.7 billion in volume last year, and apparently Dark Market only had 170 million. Hopium is nice, I'm just a bit cynical after being in this market for a while.

>>28176660
I feel like with all the censorship and regulations the biden admin is pushing in regards to internet censorship in general and cryptocurrencies, there will be a massive mooning of XMR some time these next few years.

>>28176789
How long have you been holding xmr and what % of your portfolio?

>>28176863
possibly, and would like to see that in general, not just for this coin, but also only slightly relevant to my question. still appreciate the input though.

>>28166154
feds are juat trying to accumulate more because they already have pretty decent confiscated bags (by offering plea deals). they have plenty of reason to want the price to rise eventually

>>28168879
once xmr goes up, ryzen processors qill have the same fate as ati's gpu's; ie they'll double in price and be impossible to find in stock because their profitability will moon (unironically)

>>28176595
You say that as if it's a bad thing.

>>28176872
You're glowing a bit...but I got into btc in 2014 pretty much at the top of the 1.2k bubble and was buying all the way down during the bear market. But I got out near my breakeven at like 600 and missed the run to 20k. Right now I'm about 60% xmr 40% btc.

>>28152145
Based.

>>28177399
It's not.
But if he hopes to 10x his fortunes with no risk, ain't gonna happen.

>>28176944
For the part where you asked how much to make it, no one knows. It's one big gamble. It will strongly depend if everything goes according to plan and people flood to XMR once the public can't handle all the censorship and regulations anymore. Imagine if you could buy BTC for only ~$150 right now. You would go all in right? XMR is what BTC should have been.

>>28176789
>Right, but people are retarded or just don't care. And if customers only want to use text messages then the dealers have to as well, but that's why dealers use trap phones.

The proliferation of darknet markets clearly shows the demand is there and continues to grow. An Amazon-like interface with buyer feedback obviously makes for a superior user experience, its just a matter of normies realizing such an option exists now.

>plebbitors are retarded, and r/darknet seems like a honeypot otherwise it would've been banned already.

Darknet veterans know their OPSEC so their opinion counts for a lot, which is what matters here.

>I'm sure another marketplace will take Dark Market's place soon since the average person is too dumb to figure out xmr or simply doesn't care enough about their privacy.

Dark Market is dead: https://www.reddit.com/r/darknet/comments/kvqb3v/darkmarket_is_seized/

And figuring out XMR isn't rocket science, people are just lazy and won't switch unless forced to.

But with the US Treasury blacklisting the shit out of compromised BTC addresses the imperative to move to Monero continues to grow, so its just a matter of time until BTC is history on the DNM.

> I don't think the dnm has much of an effect on price action anyway, especially since vendors need to sell for fiat. Chainalysis claims dnms only had 1.7 billion in volume last year, and apparently Dark Market only had 170 million. Hopium is nice, I'm just a bit cynical after being in this market for a while.

DNM are small potatoes compared to the tax evasion and money laundering sectors, literally trillions are in play there and XMR only needs a $184 billion market cap to be worth $10K.

>>28176595
does that mean there is no point in holding if i don't use it?

>>28178692
well, i suppose my question was a bit vague.
wasn't asking to 'make it', heck i was expecting not to.
was more of, considering i cant afford to just dump alot into this, more of a vague % or estimate that seemed like a good idea. like 10% hold up in XMR, or 1 dollar for every 5 invested in other things, or something, over some specific magical amount.

more of a 'like gold storage' situation. agree or not with gold, most people dont store wealth in gold for profit, but for security against inflation or monetary collapse. but because of thats its still recommended only to drip so much in compared to other investments.

>>28169214
anon I'm truly impressed. What websites do you look at for your information

>>28177657
in my experience it's often those who got into xmr early that have dull expectations, just wanted one more data point on that. don't care about who you are or your absolute investment - and I mean that in the best sense possbible

>>28170825
implying normies use darknet

>>28179503
>implying normies use darknet

The ones that know its available do.

>>28177290
It'll still be better to buy after the pump with gains. For example I bought a GPU for ~$100 when ethereum was ~$150 a couple of years ago. Now the GPU goes for over $300 but ethereum is $1800.

>>28178937
More or less.
If you want to move you savings out of FIAT for whatever reason though, this is a relatively safe choice.

>>28178832
>The proliferation of darknet markets clearly shows the demand is there and continues to grow. An Amazon-like interface with buyer feedback obviously makes for a superior user experience, its just a matter of normies realizing such an option exists now.
1.7 billion transaction volume out of ~3 trillion total crypto market tx volume isn't what I would call proliferation, and SR1 was mainstream news so this has been common knowledge for about a decade now.
>Darknet veterans know their OPSEC so their opinion counts for a lot, which is what matters here.
Those people would not be posting on reddit.
>Dark Market is dead
You missed my point, they were apparently the largest not WHM, I assume because people are retarded and/or don't care about their security. So those people will just migrate to the next largest marketplace that accepts btc.
>blacklisting the shit out of compromised BTC addresses the imperative to move to Monero continues to grow
>DNM are small potatoes compared to the tax evasion and money laundering sectors, literally trillions are in play there and XMR only needs a $184 billion market cap to be worth $10K.
I agree with you there and those are the main reasons I'm bullish on xmr, it might not seem like it but my price target for xmr is even higher than your $10k. But I also think it might get there without the help of plebs who don't have enough money to care about their financial privacy, let alone to move the price of a multibillion dollar asset.

>>28176287
based

>>28180517
idk man, in europistan it's very different. cards that go for 700usd are sold for 1.1k euros here. and they're all out of stock. fucking crazy

love this coin but I'm holding Bitcoin for now to prevent insane sat losses

>>28181509
I'm talking market rates; used prices on eBay. The other day I followed a listing for the exact same GPU I bought years ago and the final auction bid was exactly 3.3x what I paid. Same GPU, same condition (technically 2 years more used but whatever), same sales platform. Ethereum has done over 10x since then.

you guys know that Dogecoin has more transactions and did better than Monero right?

>>28179117
Mostly 4chan/nel.org unironically. I have a decently curated twitter feed as well. Just an INTP that spends hours everyday following whatever interests me. Too ADD to follow blogs properly but I recommend raypeat.com and blog.reaction.la (formerly Jim.blog)

there's a /biZ/ on 8 kun, don't tell the newfags

>>28182257
it's more popular and memed more, is anyone surprised by this?
monero is still incredibly solid and honestly you would have to be braindead to not buy at these prices

>>28136136
Heres how hopeless monero is: its the replacement drug coin for btc, but everyone just uses btc and exposes themselves to risk instead

>>28181926
true, but the gains you get from mining are also increased 10x and you get to keep the hardware

>>28184128
The mining gains will be far less than the coin gains because many more people will start mining due to the high price. You also find that a lot of the hash rate hangs around even when the price drops, destroying your profitability. That means the hardware drops in value considerably. You get to keep it but the non-miner can also quite easily afford to buy it now as well. So you both end up with the hardware but one will have more coins, probably the non-miner unless the miner has particular advantages like access to very cheap hardware and electricity.