/biz/ - Business & Finance

$237?!!
WHAT IS HAPPENING

Wish me luck bros, going to start DCA on XMR and hopefully in 10 years I'll be rich enough to retire.

>>28633700
Whats the best way to buy Monero? I've been using Coinbase to buy LTC then sending it to cake wallet to transer, but thertes a lot of fees and it takes like 6 days to be able to transfer $3000 worth of LTC out of Coinbase into cake. I'm in Texas so I cant use Binance, and Kraken is taking forever for my application.

Should I just go to a Bitcoin ATM, buy Litecoin and then send to cake? I hate having to do all these transfers, but idk when Kraken is gonna let me buy stuff with fiat.

>>28634579
Use localmonero and send by cash.

>>28634579
kucoin is a nonkyc exchange you can use to swap for Monero.
Bisq is a great option for trading Bitcoin for Monero. Check the OP for other recs.
>ATM
Those fees are a lot worse than what you are currently dealing with.

>bought $50 XMR last night
>now have $90
I like this coin.

the slow bleed is coming, just as predicted

>>28635143
God I hope so I only caught wind of the monero bull case and started accumulating a month ago.

ULULULULULULULULULULULULULULUUUUUU

oh wtf are we about to moon?

>>28633700
STOP I'M STILL ACOOMULATING!

>>28635449
ALL ABOARD THE CRAB ROCKET

WE ARE GOING NEXT DOOOOOOOOOOOR

fuck. I only bought like 1/5 of what I was planning.

The fuck do I do about exchanging xmr as an Ausfag. Fucking LNP ruins everything.

>>28635873
same here
I'll just get a few more and wait up until 1000$ I guess

...i-its going back down right?

>>28636474
morphtoken

>>28633700
>Local Monero
How likely will people start getting V&'d for this?

>>28635656
Settle down, cuck

>>28637055
I actually hold XMR, just having some fun

>>28635449
>that fucking btc ratio

Goddamn we have a LONG way to go.

I have a friend that swears Monero will hit like a million one day and wants me to toss him 100k for telling me about it. Can anyone help me explain to him why he's a faggot and why i'm not investing in this shit coin? I need some pointers

>>28633700
Hypothetically speaking.... How useful will Monero be fore money laundering. This is entirely speculation of course...

Butcorn Maxis are shorting us. Their ass is wide open for the green dildo

>>28636474
You buy crypto with the numerous aud onramps, you trade on the numerous exchanges that dont require kyc from australian IPs... ????

I sold my eth for xmr yesterday night, might be the only good trade I ever made holy shit

>>28637325
Having a black hole to move cash through might have some benefits...

>>28637295
is this bait

>>28637325
Your kinda glowing but at leat in minecraft the villigers don't know how much emeralds you hold or if you give them to another player

Buying monero at $200 is like buying BTC at $200

>>28637325
The best option retard.

>>28636856
oh this poor faggot, is someone going to tell him

>>28636474
hey ausfag, kraken litecoin > changenow

>>28637669
How long will it stay at around $200 is the question, the FOMO is getting too strong.

>>28637295
You are both faggots.

>>28635029
congrats and welcome

>>28635606
>>28635873
>>28636806
>>28636856
>BCHBTC +17%
>LTCBTC +15%
>EOSBTC + 14%
>DASHBTC +55%
>ZEC BTC +21%
and XMRBTC only +19%

Calm down guys, it's not like suddenly everyone figured out how great XMR is a lot of coins got good gains in the last 24h

>>28638033
Curiously all the ETH-like coins are dumping now.

They called me a madman...

>>28637488
good move

>>28637488
Good trade.

ETH is filled with bugs and a constantly changing code which billionaire investors are not happy investing in something so fragile and rapidly changing.

XMR's fundamentals are solid enough to make it a 100 year asset. I expect to beat the ATH this March.

Screencap this. I have been following it since 2016.

>>28637946
Just DCA. If you believe monero is the best crypto in the sense of Satoshi's original vision for bitcoin just accumulate. Literally don't look at the price and buy how much you can afford to lose on each paycheck.

>>28638169
Hmm, I don't see any massive dumps on kraken. AAVEBTC seems the worst with -6.1%

>>28636869
>>28637397
>>28637931
Thanks for the options lads

>>28638261
I understand, it just sucks that I'm late on everything. I hope I can make it.

REEEEEEEEEEEEEE THIS WAS WORTH .42 XMR WHEN I INITIATED IT WHYYYYY CAKEWALLET WHYYYYY WOULD YOU TELL ME 11SAT/BYTE IS AN ACCEPTABLE FEE PRIORITY AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>28636474
what's LNP?

>>28638432
IT FINALLY WENT THROUGH BUT AT WHAT COST

>>28637818
just you wait... i assure you its going down soon

>>28638432
>YOU TELL ME 11SAT/BYTE IS AN ACCEPTABLE FEE
Nothing about BTC fees are acceptable. In the end it will only be Monero and BSV.

The xmr generals have been so fucking comfy lately. I finally made a good move and exchanged out all my ETH and defi shitcoins for a fair amount of XMR when it was between 130-140$. Never looking back, ETH is a dogshit and defi is boring and gay.

>>28638835
thanks anon, I never miss an opportunity to stack up more

>>28638874
BSV = Bitcoin Scam Variant

>>28639003
epic ownage, guy

>>28638033
This

TFW sitting comfy in the best technical coin in the entire crypto space

>>28638916
>ETH is a dogshit and defi is boring and gay.
Eth wouldn't be so bad if it wasn't for high gas fees.

>>28639603
Sharding WHEN, though.

Vitalik needs to yell at people to code faster

>>28638562
It's a shitcoin peddled by an incompetent govt full of whales.

>>28637325
Depends on how good your opsec is. It's like using Tor: you can't just launch the Tor browser and assume "OmG LiTeRaLlY No OnE cAn FiGuRe OuT iT's Me!!", you have to account for
>where are you connecting to the internet from?
>what operating system are you using?
>are you using your own computer or a public one?
>are you in a locked room? a house with other family members or roommates? in a public place with surveillance cameras?
>is there anyone else who can access this computer?
>if there is, is there any way they can find out you were using TOR? did you download anything that they could possibly find in a file manager?
>if you downloaded a file that could contain a trojan that sends your real IP out, do you have any safeguards in place (i.e. disconnecting from the internet before opening the file, setting up a firewall, etc)?
>did you verify the PGP hash from the Tor Project before you downloaded the browser?
>is the software up to date?
>did you verify the security settings?
>when creating sock puppet accounts on websites, are you using personal identifying information? (think usernames you've used on other websites outside of TOR, did you use your personal email, did you post your real location, etc)
>are you mixing up linguistics/dialects between sock puppet accounts?

I could go on and on. But if anyone wants to completely hide their transactions for crimes in minecraft, they need good opsec. Tor can protect you but only if you use it right, and Monero can protect you only if you use it right. Some food for thought: there are some OG minecraft crime lords that can still use Bitcoin today because their opsec is so fucking good.

WHY DOES IT KEEEEP GOOING UP I DONT GET PAID UNTIL MONDAY AAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHH

Also, I don't necessarily want to "use" it for anything, just invest, but do you think I need to do the LTC swap if I'm on Binance.com? I'm American and got an account cause I live in Europe.

>bull flag on 1h

>>28641632

comfyest crab in months

comfyest crab in months

>>28643238
nice

>>28633700
>tfw sold my XMR stack for RBC

Never listening to XMR FUDers anymore.

>>28643238
KEK

>>28633700
>>28636869
>Morphtoken
hasn't worked for months and still doesn't work
stop recommending this

>>28643774
what would you say we should change it to? I don't use coinswap services and I thought morph was what cakewallet uses.

>>28639003
why does everyone hate BSV? I'm very bearish on it, but the tribalism is pretty extreme. Like the guy that forked it seems kinda nuts, but in like a crazy genius way, and BSV has sound fundamentals. I always prize how XMR threads foster intellectual discussion. What are your guys thoughts?

>>28643238
fucking kekked and almost spewed water all over my computer at work

>>28644374
sideshift looks good

>>28644532
BSV = Butt Sex Victim

>>28644532
Lol bsv is trash and creg is not satoshi I thought India banned crypto what are you even doing here

>>28644374
right now I would say fixedfloat, had (slightly) the best rates there the last couple of times I swapped, but maybe other anons can share their experiences

>>28644882
Oh I forgot xmr is untraceable, so you are here to shill bsv and swap it for xmr?

I have 2 Monero from 2018 will I make it?

>>28644982
I'm a monero bull. I don't own any BSV and never will. I just don't understand why everyone hates on it so hard. As someone in a monero thread I am comfy assuming that you are quite crypto literate. So you must know that BSV has solid fundamentals right? Just trying to understand the h8 senpai

>>28636932
v&'d for losing your hard drive after receiving some crypto from a p2p trade for less than 10k dollars? you'll be fine, just don't make 10k and over ourchases off a fucking p2p platform

>>28645065
Never disclose your amount, anon.

>>28645200
craig wright is a conman, fuck off

>>28634579
>Buy BTC or Litecoin on coinnase.
>Transfer to Binance.
>use a vpn. Proton VPN is free.

>>28643391
dude. i know guys with a large xmr stack and they were fudding to accumulate lower. it is all part of the game. Same with link OG

>>28645519
This is exactly the aggression I don't understand.. but I'm happy to drop the subject anyways, I've never been comfier. Most of my net worth is in monero, and I'm sitting at work on the clock literally just watching the charts, and watching the snow falling heavily outside. It's a great day to be a monero bull :-)

bump

>>28644374
ChangeNOW, CakeWallet uses it already.

>>28647003
excuse me sir, we don't condone cocaine use here

https://youtu.be/VNfhIY5-63I

>>28647204
Speak for yourself

guys wanna do something about this or just let it die?
>>28647260

>>28647350
don't bump it, let it die

>>28647350
it's bait lol

>>28647350
>owner is a NEET who calls himself fluffy pony
Well this is just a buy signal for me bro(nie)s.

>>28647421
>>28647488
Bullish FUD. Not even good fud, just a paper thin layer to keep any browsing redditors poor.

I’ve been in monero since 2017. Just bought 5k usd worth last week at 150. Want to buy more since I have like 15k extra cash liquid right now. I’m hesitant to fomo purchase but I really believe this is cheap in the long run. Feels bad because I was going to buy at 200 and now it’s 240. I guess I’d rather have my asset in xmr than usd though... what do?

>>28646108
Most of my crypto is in monero, also snowing heavily here too.

>>28647938
i have about a $15k buy order at $203. i refuse to fomo in

>>28647938
>>28647938
>>28648072
I would be surprised if we didn't retrace. 215 seems like a solid zone of resistance turned support

>>28647938
Diversify with some boomer etfs

>>28647350
BAHAHAHAH BROS Paneer forgot to switch his IP, looking like a foool samefagging

>>28645837
The problem is it take 10 days for $3000 LTC to be able to be transferred out of coinbase. I'm probably just gonna have to wait for Kraken customer service to get back to me.

>>28633700
It's slightly off-topic but is bitfinex legit? I don't quite trust them.

>>28648940
Bitfinex is tether's front. It's safe enough, just don't hold their stablecoins

>>28649149
Thanks anon. They seem to offer most fiat-crypto pairs but I've seen they've been hacked and that they're located in Honk Kong, so it undermined my trust a bit.

>>28649584
It's headquartered in Hong Kong but registered in the British Virgin Islands

>>28637295
Tell him it's a shitcoin bubble, then invest the money yourself and don't tell him. Obviously.

>>28647938
same boat but not nearly as much money to buy in... shitty... ugh... oh well, I need to try and make a run for at least 5 xmr in the next coming weeks. Wish my luck

>>28649149
What's wrong with tether as a stablecoin?

>>28638835
capped for luls at 300

>>28650269
They have fractional reserves, it's not properly backed and Bitfinex is laundering their printing press. They're allegedly printing freely without restrictions, they stopped audits in 2018, no longer transparent, so they basically have a free money printing machine at this point, house of cards is bound to fall some time.

>>28650269

backed by BTC that was bought with tether that was bought with BTC that was bought with tether that was bought with BTC that was bought with tether.....

>>28640896
This. Get your opsec so flawless that you could be using BTC and still be anon. Then use XMR on top of that, and your money will be so clean only God could de-anonymize you.

I'm a poorfag, can I even get in on this?

>>28651350
Yeah man

>>28651570
Thanks bro.

>>28651350
>>28651570
>>28651732
XMR is the comfiest hold and has the best community

>>28643238
Based indeed

>>28643238
Thanks for the hearty kek anon!

>>28638169
BNB is strong, trust the chinese.

>>28651198
but you won't be able to spend your gains on expensive shit if you have good opsec. its pay taxes and buy shit or don't pay taxes and just build your stack forever

Zcash or monero?

>>28653979
idk do your research on both and decide for yourself

>>28653979
XMR is the superior choice imo but you can still make money from Zcash

>>28643238
lmao

>>28653979

>>28654406
Well there we go.

>>28633700
Is XMR mining still worth it?

>>28648413
i might wait a little bit then...

>>28650227
good luck man. also i didn't realize this but i just checked and i'm actually still holding some monero that i bought for around 300 back in 2017. despite the price not even being there yet, monero is still my favorite and i will continue to accumulate, support it and use it

>>28633700
Fuck why does it keep going up?
I need to spend that shit you fucking niggers, I don't want this to become another investment type coin, where else am I gonna get a secure transaction?

>>28648413
It is likely retrace; a lot of people shorting it down. What is important is if the resistances will hold and new money comes flowing in eventually else we will bleed back down.

>>28654685
yeah mining is still worth it if you make a tiktok channel about it and scam kids

since we are privacy focused here, how do you guys post here? did you find a vpn provider that actually isn't banned? do you use that in combination with a 4chan pass? i noticed that the 4chan pass doesn't accept monero, how do i privately send btc to them? use a tumbler?

>>28654928
haven

>>28654406
BASED!

>>28654928
As demand grows, which it will. Since there is a lot of fucking demand. So will price. Currently XMR has 5% of BTC transactions. Which means a valuation of 2000 or more once the market catches up.

All in all the price will correct upwards as more and more people join the network. It is just a matter of time.

If in a few years it has half or 1/3 of BTC's transactions can you really see it being value at 200? That is is to nonsensical even for the crypto market and to much volume for any one whale to or institute to manipulate it.

IT WILL GO UP. Do 't hand over your XMR to FUD. You will regret it forever.

>>28633700
so i converted some XMR ive been holding for a while into DAI on kraken to hedge.
how does taxing work if i convert dai to XMR using Cake wallet?
Is this traced?

>>28654685
you won't make money from it at hobbyist level but it might be fun if your electricity is cheap

>>28650091
imagine disclosing your monero holdings. Hearty KEK

>>28655485
Yeah I know, I just miss the golden days where it was cheap darknet money

>>28650386
>house of cards
While I generally agree with what your saying, Tether is more backed up and audited than the average bank. I don't see this coming down unless regulators reeaally try to come down on crypto..

>>28655631
Dont listen to this anon - go for it bruh - I mined all this past year and with the bump we just saw here, it was all worth it. So get in on it before the mining rewards go down again.

>>28647938
I haven't looked at the chart but what I do is market buy with like a third of your cash and then set up buy orders below that for the rest, just keep it realistic. $220, $210, $200, something like that. The less comfortable you are with those not executing and getting left behind the larger your market buy should be.

Story time: I had a limit buy on ADA back when it was at $.15, set for $.13. I let it run for two weeks and it never hit. I cancelled, that night it went to like $.125
Guess how dumb I feel now.

>>28656285
I mined also but not for short term profit

>>28656285
>>28656769

You could have just mined something more profitable and used the proceeds to buy XMR. You'd probably be better off than mining XMR unless you already had the CPU hardware lying around.

>>28657015
Not that anon but I'd like to set up some CPU mining while I'm GPU mining, and XMR seems to be the most notable CPU mining coin. On the fence about it though.

>>28656176
yeah but whatever, markets will just correct the price to the new value. it should make no difference to dnm users unless you're the end holding the crypto, but that being said I'd be pretty happy holding monero right now ;)

>>28657248

It's definitely the best choice for CPU mining if you already have a mining rig with a suitable CPU doing nothing, but AFAIK there are relatively few CPU's that produce significant profitability; I think a ryzen 5 3600 produces about $10 profit per month. Not exactly a barn buster but I guess it's better than $0 if the rig is already running.

>>28656176
I don't understand this shit. Putting $20 into XMR is still putting $20 into XMR, regardless of whether you did it today or two years ago. The only difference is that the person who put it in 2 years ago now has $80 of XMR. Do darknet vendors really not adjust their prices based on the market value of XMR?

>>28654685
>>28655631
>>28656285
Financially it is interesting to mine if you have free or very cheap electricity. The other possibility as some have commented before is simply for hobby purposes and to learn about the tech without thinking about profit. The interesting feature of investing in a small mining operation is that you can resell the parts in the future. So if somehow monero loses its value, you will not completely lose of your investment because you can resell the hardware parts that will still have value in the PC market.

>>28657740
Recently built a rig so it has an i9 10900k in it. I can't really play vidya while mining on GPU so it made sense to me that I should mine CPU during that time. Expensive electricity in my nation(Ausfag), got new solar so it'll hopefully help with expenses.

>>28657902
Markets usually take the price from the vendor as usd and display as xmr using thr latest rate

we need xmr chan artist to bless us with some OC.

I think I might need to start a big compilation of all the times bitcoin users were caught by the authorities because they were fucking traced on the blockchain. People might understand better monero if they can understand how fucked up using a transparent blockchain can be.

>>28658723
darkdotfail tweeted about a vendor traced because of Bitcoin today.

>>28657993
A solar to XMR rig would be extremely based

can someone run me down on how this boating accident meme started?

>>28638248
>XMR's fundamentals are solid enough to make it a 100 year asset
I'm a Monero hodler but I wouldn't make any long-term plans past 2050. A.I. apocalypse inbound.

Can you get XMR on Metamask?

>>28659475
>659475▶
>Can you get XMR on Metamask?
lol

>>28659128
What meme? This actually happened to me. It was awful and I lost everything.

>>28659128
this is an old meme that precedes monero, if I'm not mistaken it initiated in the gun scene with people saying that if the authorities came to confiscate their guns they would say they lost them on a boating accident... but it became popular on monero when fluffypony said in an interview that he lost his private keys in a boating accident and the interviewer kinda believed the story.

>>28654968
To begin with you shouldn't be rewarding the 4chan mods for their shitty behavior.

>>28658260

>>28658260
I’ll take a request, don’t have access to illustrator atm, but I might draw something by hand and figure something else out.

you guys are my only friends
someone hold me, can't believe the fuck is currently going on on biz
grt drones make me sad about the future
VCs are dumping on them and they think they are going to make it

>>28645200
BSV won't go anywhere compared to Bitcoin. Monero will rise alot, but Bitcoin will be the new gold standard on which all other cryptocurrencies (monero included) are valued.

>>28657740
>I think a ryzen 5 3600 produces about $10 profit per month
While true, when I was mining BTC in 2014 and 2015, I was getting about 0.01 BTC every other day. At the time it was roughly $4. Today that amount is worth $450. Imagine getting $450 every two days, practically for free. That's why I mine monero; I get the same amount, 0.01 XMR every two days; it's only worth about $2 so it's not profitable right now; but I'm hodling it forever.

>>28661019
Make your own seductive version of Monero Chan!

Is it worth to buy in now? I have 100 lying around and XMR is the only project I really believe in

>>28661233
I don't think so. I believe XMR will be it's own thing. Even within the crypto space. Especially if a lot of traffic moves over to XMR.
>>28661590
Maybe? Who knows. Buy if you want.

>>28661590
DCA

>>28661233
chekked
>gold standard
I agree. BTC dominates, nobody is switching over to the forks. BSV's use case is better handled by monero. shit even nano better solves the "problem" that BSV was trying to capitalize on

>>28654968
I don't mind 4chan logging my home IP. I'm not that interesting and I couldn't care less about politics and ideologies. I just want to make a fuck ton of money and be comfy with my gf.

>>28660303
true

>>28661233
BSV is literally the product of an essentially corrupt mind. There is no reason within reality that justifies the existence of this project.
I don't mind bitcoin dominating but monero is incorrectly valued @ <1% of a single unit of bitcoin. It's insanely cheap.

>>28654968
If you have monero you can get bitcoin on a non-kyc method listed in the OP. You now have anonymous BTC.

>>28657015
No I prefer xmr because of cpu mining

>>28634659
I used my amazon gift card on local monero and they guy wouldn’t give it to me because I didn’t have receipt but still took my codes anyway. Don’t use local monero

>>28663958
bob and vagene

>>28653979
Any privacy coin is better then a Zcash. I would use Firo, ZenCash, or Monero.

>>28662918
Good point, didn’t think about that, lol

I swapped monero for some Particl so I can sell my sonic VHS on private crypto marketplace.

>>28662902
I don’t care about politics but a stance on anything can be political. Maybe I’m just paranoid though. But saying I want to make money, I like freedom, I like monero, fuck taxes... those could all be political

>>28661865
>>28662902

Nano is a DAG. It doesn't solve the problems Bitcoin does. BSV is important because stability of protocol and scale.

That said XMR is the only crypto besides Bitcoin worth holding.

>>28664389
>That said XMR is the only crypto besides Bitcoin worth holding.
I used to agree but after reading Vitalik's blog and seeing him talk about Austrian economics as well as new ideas for crypto, it made me resist swinging my ETH stack (10% of folio)

>>28659632
I feel like that's the same retard that comes into these threads to troll and fud when xmr isn't pumping.

>>28664486
>seeing him talk about Austrian economics
link? I thought he was a commie

>>28664669
nvm I found it

>>28664669
He identifies a few legitimate flaws in the philosophies of Mises and Hayek, in that they place too much power and faith in the role of the consumer, when it's actually the entrepreneur who is the most important factor in creating new markets.

>>28664746
Link it here please

>>28664486
>>28664669
Ethereum is fun and all but the fees are fucking stupid and we're in theory super early. And Vitalik was mocking bitcoin not too long ago for its high fees. They need to fix a lot of shit or some other project will take over on the long run. Funds and institutional money don't have loyalty to a specific project.
Also, ether is not money. Bitcoin and monero both try to be money so it's worth having them, like gold and silver they complement each other.
Ether on the other hand is literally gas used to run another software.

>>28664897
>Ethereum is fun and all but the fees are fucking stupid and we're in theory super early
There is work to be done, but I think it's a solid investment. I try to judge crypto projects by the size of their development communities.
>Vitalik was mocking bitcoin not too long ago for its high fees
You are probably right however he also said that BTC is the best store of value, better than Ethereum. Remmeber Vitalik got his start by creating Bitcoin Magazine as an 18 year old. Bitcoin, Ethereum, and Monero can happily coexist. We are living in exciting times; this is what finance should have felt like for the past 108 years if it hadn't been derailed by 1913's establishment of central banking.

>>28665155
>Bitcoin, Ethereum, and Monero can happily coexist. We are living in exciting times; this is what finance should have felt like for the past 108 years if it hadn't been derailed by 1913's establishment of central banking.
Absolutely they can co-exist. And people are more than free to invest on whatever they want. Personally I'm not comfortable enough to put my money on it but I'm a little bit more conservative, so I invest on "hard digital money" let's say... because unless there's a catastrophic bug, I don't see bitcoin nor monero going anywhere -- Ethereum has a bit of risk. Isn't Cardano and some other projects on the top #20 trying to be competitors to Ethereum? Who knows in the end how many of them will survive.
Which is a bit off topic but brings me to ponder when will be the reckoning for all these fucking shitcoins out there lmao. At some point society will settle on a few massively used cryptocurrency networks and all the rest will simply have no chance to compete. Fuck XRP, fuck BSV, fuck Dash, fuck Bytecoin, fuck Zcash, fuck Ethereum classic, fuck all this shit.

>>28664897
ETH fees are still lower than BTC, whilst handling 5x the txs. ETH is better than BTC as a currency, always has been and always will be.

>>28664486
ETH is a premine, the monetary supply is decided at a whim and the system itself does not scale even if they tried to scale like BSV.

Ok I guess I'll just ask again here. Is there a way to lend your monero while keeping it private? Like if I had some could a get a 4% average return off it every single year without anyone seeing it go to my wallet?

>>28665155
Friendly reminder: the Jews that control everything via the central bank and agents in government will not cede power peacefully. They're going to come after your crypto and gold.

>inb4 can't ban crypto
Monero certainly has a better shot at resisting, but if globohomo is activated in a serious manner to tackle crypto they can just raid miners and seize their hashpower.

I suppose what I'm really saying is it won't be easy.

best affordable vpn for xmr?

>>28665900
I am sure if that happens all Monero holders will leave a node running. This is the advantage of CPU mining. Good luck seizing millions of PCs.

>>28665548
>ETH is better than BTC as a currency
If you want to call the premined product output of a centralized project, "currency", be my guest.
Currency, or in this case, money, in this scene is very hard to do correctly. Monero shares a very similar story to bitcoin's origins:
- Cryptonote was written by a pseudonymous
- Bitmonero was founded by an anonymous person who disappeared
- Fairly released with no premine
- Has kept privacy-oriented ethos / mentality with a grassroots community
This kind of scenario is extremely hard to be reproduced as nowaday's coins are released, pre-mined, pre-sold, etc.
If you want to learn more about monero's story, enjoy:
https://bitcointalk.org/?topic=740112.0

>>28665900
>if globohomo is activated in a serious manner to tackle crypto they can just raid miners and seize their hashpower.
damn it feels good to have RandomX so mining rigs are actually just computers.

>>28664880
I'm assuming he's talking about this
https://twitter.com/VitalikButerin/status/976986530857107456

>>28666001
mullvad

>>28665900
aren't proof of stake coins resistant to this because they don't require mountains of gpus?

>>28666060
>>28666069
People still mine Monero commercially. So there are large targets.

>>28666379
It might, but the problem with PoS is distribution. There is no way for smaller wallets to ever out compete large wallets. Ever. So a small group would control the monetary system forever unopposed. That's basically what we have now.

>>28654406
This doesn't prove anything. The retard was using a T address for his zcash instead of a Z address

>>28667119
This is what optional privacy does to you

>>28665900
Good thing tor, vpn and Linux exist

I’ll keep mining from my pc to support monero

Hello fellow /Biz/nessmen!

How much monero are we all holding?

Share your blockfolios!

there was this whistleblower on 4chan i think who posted some documents about some government agency getting more funding to try to decrypt the ring signature of monero, it was a few years ago maybe 2017 or 18. Does anybody still have it, i can't find it anymore

>>28667421
about tree fiddy

>>28667184
What's the other argument against Zcash if you're not braindead enough to know how to use privacy when you want to?

I feel the fomo of normies.

>>28667469
You're literally brain dead.
>know how to use privacy when you want to?
Because <1% of Zcash transactions are fully shielded, the ones that do use privacy features stand out and draw attention. you want the transactions in your blockchain to be as homogeneous as possible.
also, 20% of all mined Zcash goes to the founder. Top fucking kek.
It's literally a US Company, and it required a trusted setup. I don't think that's the epitome of decentralization, mate.

>>28667425
the irs gave a few million to some kike data analysis company to work on moneoi but they haven't accomplished shit

>>28667469
Trusted setup by israelis.

>>28667733
checked...

>>28667733
>>28667834
i'm still filling my bags with zcash though

>>28668085
Good luck trusting kikes.

>>28667062
>People still mine Monero commercially. So there are large targets.
Fair enough. But because it uses consumer-grade CPU, then even if the government control many warehouses of CPUs there is still a chance for the community to fight against it because it's just a bunch of CPUs.
This scenario is impossible with ASICs, but it's possible with RandomX.

>>28668085
>i'm still filling my bags with zcash though
My friend I wish you the best of luck. This is the wild west for speculators so I hope you make 100x on Zcash on the condition I make 1000x on my Monero ;)

>>28665883
Not yet. I think there's one sketchy eastern european exchange that pays an APY if you let them hodl your monero, but they are anonymous and there would be no recourse if they exited. Wrapped XMR already exists, and I expect it to be stake able on DeFi platforms any day now.
https://blog.btse.com/introducing-wrapped-monero/

>>28667425

>>28668197
True. An interesting thing about Monero is it could exist as malware. Siphoning processing power globally to secure the chain. Although if someone were able to absolutely dominate XMR hash this way that would be another problem, aside from the already fucked up practice of stealing hash from random computers.

Monero is broken, use 0xMonero

>>28668910
fuck off pajeet

>>28668347
thanks

>>28668910
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

Bro's I offered to sell my friend an unknown amount of Monero for $120 a while ago and he ghosted me like I was some kind of scamming pajeet. Now he messaged me back saying he wants to do the swap. I can't believe how dumb this motherfucker thinks I am. If you're lurking here you can suck my balls cunt.

>>28666001
Cryptostorm directly accepts monero and so do a few of their vendors.

>>28665883
>>28668347
There is also incognito.org that gives 13% APY for providing liquidity.

>>28670549
Hm, I'll look into it. It's kind of against the ethos of monero to not hold it yourself, but I'm in <unknown amoun> hell and so I try to take any advantage I can get. Do you have to pool it with another token setting yourself up for impermanent loss?

>>28670549
sounds interesting but if its like any of the other places I've seen so far I'm willing to bet its 13 under certain undesirable conditions while 5 normally. Oh well I really just wanted the privacy part thanks for the find.

>>28670831
You don't have to pool with another token, no risk of impermanent lost. However you have to trust that the network will give you your monero back and there isn't some backdoor where the devs can empty the pool. I did some tests and it seems legit, but I won't bet my entire stack on it just yet.
>>28671067
Yeah, the catch is they pay you in their native token PRV that you have to sell for Monero. If the price of Monero goes up and PRV remains stable, you won't get 13% obviously

How long until the IRS catches you and fuck you over for not paying taxes?

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 market cap that is still HUNDREDS of billions of dollars. 5 figure XMR is inevitable.

>>28672078
Owing taxes on what? I pay taxes for income from my job

>>28672078
i pay the kikes income tax, sales tax, social security for niggers and spics, etc. i pay tax double or triple on all of my fiat. hey can go fuck themselves if they think i'm paying more taxes for more niggers. i'm 100% monero and it's staying that way. i have my mnemonic key memorized they are never touching my unknown amount

>>28672204
Isn't owning Crypto considered a "capital gain tax" or whatever the fuck?

>>28672378
only when you sell it do you realise gains which is a taxable event.
I keep different subaddresses for XMR that i've bought on exchange with KYC and XMR that I've obtained anonymously. If I ever cash out I will either use my KYC wallet and send it back to an exchange and pay gains tax, or I will forget the private keys to my anonymous subaddress. In minecraft of course.

>>28672667
>only when you sell it do you realise gains which is a taxable event.
So technically anyone (immigrant, citizen) can buy Monero and not worry about taxes so long they hold it?

>>28673619
i guess you might pay tax on whatever you were generous enough to tell the government that you had

"UNKNOWN AMOUNT OF MONERO"

tfw more euphoric about the 1 xmr i bought a few days ago at $150 than i am about my unknown amount in cold storage

https://youtu.be/QauZ8sDL0-o

>>28674921

>Disclosing how much moneroj you have bought

NGMI

hope you lazy niggers are using your computers to help the network

>>28633700
Alright boys, just bought in ZEC/XMR. Hope monero moons to give me some more zats! :^)

Imagine not selling and buying back at $140