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28699162 No.28699162 [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.

XMR Redpill: https://youtu.be/aC9Uu5BUxII

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

>> No.28699332

1000$ EOY.
10k$ in 3 years.

>> No.28699471
File: 3.27 MB, 600x336, 1613204050393.gif [View same] [iqdb] [saucenao] [google]
28699471

"UNKNOWN AMOUNT OF MONEROJ"

>> No.28699609

Shits expensive brehs

>> No.28699730

>>28699609
just wait a few years then you'll see if it's expensive

>> No.28699779

NEKONATA KVANTO DE MONEROJ

>> No.28699809
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28699809

>> No.28699928

>>28699332
Based. Or maybe $10k at Atomic Swaps implementation

>> No.28699998

1 XMR how much in 10 years?

>> No.28700000

>>28699928
>>28699809
I was gonna attach this image to the reply kek

>> No.28700070
File: 275 KB, 1102x1242, monerowaifu24.png [View same] [iqdb] [saucenao] [google]
28700070

>>28699162
Monero News:
- Dr. Daniel Kim will be live streaming a new presentation at 3:00 PM EDT called "Behavioral Finance, Cryptocurrency Markets". It is a one-hour talk in a similar style his previous talks, "Monero: Sound Money Safe Mode" and "Monero Means Money" -- but the focus is on the following question: to what extent should one expect cryptocurrency market prices to reflect actual project merit?
- 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. Current transactions in February show that Monero is on pace for the highest ratio of Monero to Bitcoin transactions at 6.18%.
- 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

>> No.28700307
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28700307

>>28700000
fuckin wasted on a rat cunt that doesnt know how to attach images

>> No.28700558

comfy af

>> No.28700712
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28700712

>> No.28700918
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28700918

>>28700070
Why aren't both of Dr Daniel Kim's presentations listed in the OP at "XMR Redpill"? https://youtu.be/8quGD9W7B2I

I imagine this one will also be very insightful, great news.

>>28700307
Done, now with XMR chan

>> No.28701208

>>28700918
Agreed. Kim’s videos are essential for incoming newbs. Please add!

>> No.28701311

>>28699730
guess i'll buy some more rn

>> No.28701551
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28701551

>>28700070
>- Cake wallet downloads in January double compared to installations in December.
Best thing these fuckers did was to add a bitcoin wallet to cake wallet. These are the two coins that people will want to actually hold on a mobile wallet to spend / transfer / show off. It also greatly simplifies backups as you can safely backup 1 wallet containing both coins.

>For the unaware, Monero dealt with ~2 months of constant attacks against its network.
Fuck fireice that jealous piece of shit and his dead chain lmaaao

>> No.28702421

bump

>> No.28702648

Joke coin. Nobody really expects a truly anonymous payment system to be mainstreamed, right?

>> No.28702696

>>28702648
why does it have to be mainstream?

>> No.28702968
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28702968

>>28702648
>Joke coin. Nobody really expects a truly anonymous payment system to be mainstreamed, right?

Are black markets, tax evasion and money laundering mainstream?

>> No.28703108
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28703108

>>28700918
>>28701208
>Why aren't both of Dr Daniel Kim's presentations listed in the OP
Honestly it comes down to character limit in the OP. Most newfags don't really read the OP, but I figure if they are curious enough they will read the brief summary and then get sucked into watching the redpill.
I was actually thinking yesterday about how much anons reference the Kim presentations, so I'm inclined to agree with you. Kim has the potential to be Monero's Andreas if he isn't already. He's going to have great perspective on crypto market prices in today's presentation.

>> No.28703126

>>28702696
To get any kind of ROI it does

>>28702968
If you're gonna do those things then invest as a Means of payment, but don't expect this to be a good long term investment that you could ever cash out for fiat

>> No.28703194

>>28702648
>payment system
Nigga, it’s an invisibility cloak.

>> No.28703217

>>28702968
Eses are gonna make me a millionaire until 2022

>> No.28703239

>>28703126
>but don't expect this to be a good long term investment that you could ever cash out for fiat
Monero isn't illegal smoothbrain.

>> No.28703260

>>28703126
I made 390% In one year, I guess that almost beats inflation

>> No.28703263

But Monero isn't really anonymous is it?

https://decrypt.co/40284/us-homeland-security-can-now-track-privacy-crypto-monero

>> No.28703317

>>28703239
Not yet, but when crypto goes mainstream it will be.

>> No.28703339

>>28703108
Where is live stream

>> No.28703391

>>28703194
Yeah, no shit and a broken one. It's not a good investment, but if I was a pedo or the cartel maybe I'd get some

>> No.28703450
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28703450

>>28703263
>But Monero isn't really anonymous is it?
>
>https://decrypt.co/40284/us-homeland-security-can-now-track-privacy-crypto-monero

This bunk again?

>> No.28703463
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28703463

>>28702648
>Nobody really expects a truly anonymous payment system to be mainstreamed, right?
Why? Cash is private. For most of human existence money is a private means of wealth transfer. Within the history of our modern civilisation it's been only a very short time since governments and other institutions have had the ability to track financial movements in absolute granularity. It would be irresponsible to imagine that a future without this possibility is possible. In the real world there are people who really care about fundamental human rights.

>pic related
Federal Reserve of St. Louis
The Case for Central Bank Electronic Money and the Non-case for Central Bank Cryptocurrencies
https://research.stlouisfed.org/publications/review/2018/02/13/the-case-for-central-bank-electronic-money-and-the-non-case-for-central-bank-cryptocurrencies

>Reuters
>Super rich hold $32 trillion in offshore havens
>https://www.reuters.com/article/amp/idUSBRE86L03U20120722
Where do you think this money is going to? When high mobility and flexibility become a requirement of these ultra rich families? Uncensored, untraceable cryptocurrency. If you can't see this you might consider reevaluating your beliefs.

>> No.28703522

>>28703450
Do you have a source that debunks it?

>> No.28703535

>>28703391
How is it a broken one?

>> No.28703582
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28703582

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.

>> No.28703668

>>28703463
I can't see the average pleb like you or me getting rich off of this, that's all. If you're already a billionaire, go ahead. But history tells me that the rich will make this illegal for everyone but them

>> No.28703704

>>28699162
I put usd on coinbase and binance to move btc to cake wallet and exchange for xmr but I can't withdraw for 10 days.

Any faster way I can get in without exorbitant fees?

>> No.28703721

>>28703263
>“We’re not saying that we can identify individuals and we’ve never done that at CipherTrace. We don’t identify individuals, names, addresses, any of that stuff,” Jevans added
makes you think doesn't it

>> No.28703796

>>28703668
How would they do that?

>> No.28703813

>>28703339
>>28700070
Here is a link to the Dr. Kim presentation live stream: https://youtu.be/yGpECyOmvKk

>> No.28703816
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28703816

>>28703260
based
>>28703263
>>28703522
this is the greatest fud of all time. They did some probabilistic estimates, which are useless already but you can make them even more useless if you use an intermediate wallet. Probabilities multiply with each transaction and you end up with a big fat 0.0001%
https://ciphertrace.com/ciphertrace-files-two-monero-cryptocurrency-tracing-patents/

>> No.28703851
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28703851

>>28703522
>Do you have a source that debunks it?

The IRS ignored CipherTrace's bullshit hype and awarded the "break Monero" contract to 2 other companies.

>Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero

https://news.bitcoin.com/chainalysis-and-integra-win-1-25-million-irs-contract-to-break-monero/

>> No.28704029
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28704029

>>28703108
>Kim has the potential to be Monero's Andreas if he isn't already
Not gonna lie was thinking about this yesterday. Kim is fucking lit. Andreas is a cool guy although he gets too publicly with politics no one really gives a fuck. Kim has the potential to be a monster. He is very articulate.

>>28703668
Good fucking lord, mate. You're not very smart eh?
>history tells me that the rich will make this illegal for everyone but them
Do you understand how things are priced? Supply and demand, faggot. The more I buy, the more I'm taking out of the market. They will need a FUCKING TON of monero to hide their wealth and the market is drying up. Have you seen the block reward? Yeah, emission is lower than fucking bitcoin's at the moment. The price will increase because their demand will dry the supply. That's when you sell. There will always be buyers.

>> No.28704248
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28704248

Monero is being adopted on the danknet. BTC and all other surveillance shitcoins are getting canned. This shit is a multi-billion dollar yearly enterprise. And here's the thing: When the price of Monero starts to rise reliably month after month, even if slowly, then the Big Guys on the danknet will start HOARDING their loot instead of flipping it for USD/EURO. This will increase the price, which will draw in more normies, which will cause the Big Guys to HOARD MOAR -> NUMBER GO UP!

Multiple countries are getting rid of cash like Sweden etc. Criminals cannot use fucking fiat card payment systems for their dealings. They will all have to switch to Monero in the long run.

Monero is superior for shadow banking. Richfags will switch to Monero instead of off-shore banking for their tax evation etc. Monero is literally a Top Sekrit FUCKING VAULT IN YOUR POCKET. The off-shore tax haven business is a MULTI-TRILLION DOLLAR FUCKING THING!

Are you fucking retarded niggers not seeing it yet? Buy Monero you stupid fucks. You're welcome.

As for governments banning it: Have they banned Full Disk Encryption? Have they banned Tor? Have they banned PGP? NO: BECAUSE THE SPOOKS NEED THESE SERVICES THEMSELVES: THE FUCKING NAVY AND SHIT USE FUCKING TOR AND THE CIA ETC WILL NEED MONERO TOO FOR THEIR MONEY LAUNDERING AND BLACK OPS YOU FUCKING RETARDS BUY MONERO OR ENJOY STAYING POOR FOREVER

>> No.28704377

>>28704248
you're right but you don't need to be this edgy

>> No.28704403
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28704403

>>28703668
>I can't see the average pleb like you or me getting rich off of this, that's all.

Step 1: buy 100 XMR.

Step 2: wait long enough for black money influxes to sufficiently inflate XMR's market cap.

Step 3: atomically swap XMR for BTC/LTC/whatever and sell on exchange, pay any taxes.

Step 4: hookers & blow.

>> No.28704481

>>28704029
Clearly, among Montero shills, I'm not smart. I understand that the price might rocket, and if you got it on the ground floor, you might turn a profit. But I don't see how you will be able to withdraw this to fiat in the long term if the only purpose of it is for illegal uses. Bitcoin wasn't banned because it wasn't and isn't ONLY used for crime. Not fudding. I had this in my portfolio, but just couldn't justify it there. I see that it has a niche, but if this goes up there are other good projects that will also go up.

>> No.28704562

>>28704248
Last point, is a good point.

>> No.28704892

>>28704481
Wtf, I’m up almost 10k since last week. And I’m gonna be up much more in 5 years. And there will never be a time when I won’t be able to swap into BTC. I don’t know what you’re on about, why are you looking back if you cashed out your xmr anyway?

>> No.28705069

>>28704892
Interested in the debate, could still buy back in

>> No.28705136

>>28703522
It debunks itself. Read it again.

>> No.28705250

>>28704481
You exchange it for other cryptos, then withdraw those for fiat. Decentralized exchanges.

Atomic Swaps are also coming (Google it).

>> No.28705342

>>28703317
Source: my ass

>> No.28705428

>>28704481
>Bitcoin wasn't banned because it wasn't and isn't ONLY used for crime.
Monero also has extremely low transaction fees and will stay as such, making it better than Bitcoin in any use case.

>> No.28705450
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28705450

>>28704481
>But I don't see how you will be able to withdraw this to fiat in the long term if the only purpose of it is for illegal uses.
Imagine still thinking that this is going to be used for illegal uses only.

1. You are travelling through parts of a country with a medium to high violent crime rate. You need to use some of your Bitcoin to pay for something. If every person you transact with knows exactly how much money you have, this is a threat to your personal physical safety.

2. You are a business that receives a payment from a supplier. That supplier will be able to see how much money your business has, and therefore can guess at how price sensitive you are in future negotiations. They can see every single other payment you’ve ever received to that Bitcoin address, and therefore determine what other suppliers you are dealing with and how much you are paying those suppliers. They may be able to roughly determine how many customers you have and how much you charge your customers. This is commercially sensitive information that damages your negotiating position enough to cause you relative financial loss.

3. You are a private citizen paying for online goods and services. You are aware that it is common practice for companies to attempt to use ‘price discrimination’ algorithms to attempt to determine the highest prices they can offer future services to you at, and you would prefer they do not have the information advantage of knowing how much you spend and where you spend it.

4. You sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment.

>> No.28705553

So jealous of you Euros who can use binance

>> No.28705602

>>28705553
binance card is so fucking comfy too

>> No.28705623

>>28705602
reeeeee

>> No.28705689

>>28705623
just move anon, we'd love to have you

>> No.28705724

>>28704481
Monero is not and will not only be used for crime. That's just one of the big selling points. EVERYONE needs privacy. Picture this:

You have BTC in your wallet. You go to BLACKED and purchase a membership. Now your Mom goes on blockchain.com and inputs your address. She sees you just deposited money to BLACKED. Your dad sees it. Everyobne sees it. Soon enough the whole world knows it and your fetish is being plastered all over CNN.

And bitcoin is not fungible: Want to sell your bicycle. You list it on craigslist or whatever. Some guy contacts you wanting to buy. He wants to pay in bitcoin. You agree. He pays and gets the bike. Later the cops come kicking down your door because the coins where earned from selling drugs on the darknet.

See the problem? Literally everyone needs privacy. Imagine how shitty the world would be if everyone could just go online and watch the contents and every single transaction your bank account/credit card has ever made...

Monero is the future of currency.

>> No.28705782

>>28704481
>But I don't see how you will be able to withdraw this to fiat in the long term if the only purpose of it is for illegal uses.

It's quite simple:

- Don't cash out but use the currency for future transactions
- Convert to BTC or any other crypto and then convert to fiat. Although, in the future you won't need to convert to fiat.

>> No.28705803

lllmmmmaaaaaaooooo
have you seen this trash on /biz/
who allowed them to shill this shitcoin?
I have already participated in bot ocean private sale and wait for release
better use algorithms for trading with great algo
than believe in luck or smart chance

>> No.28705804

>>28699998
Still 1 XMR.

>> No.28705835

>>28705689
easy to type that out lad but in reality it's not that simple

>> No.28705853
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28705853

>>28699162
Feeling comfy af knowing Monero will one day be worth upwards of $1,000

>> No.28706168

>>28705853
>$1,000
That's not good enough, make it $10,000!

>> No.28706382

>>28705450
>>28705724

Sounds good. Globohomo is gonna win though

>> No.28706472

>>28700000
Checked

A reminder to not use the lowest fee setting on CakeWallets Bitcoin wallets (the 11sat/byte option) the network is far too congested and your tx will get stuck for days like mine.

>T. Started BTC to XMR conversion when the BTC was worth .42XMR, by the time it actually went through with the help of ViaBTC, it was worth .32XMR

>> No.28706473

>>28699332
>1000$ EOY
>10 months away
No thanks.

>> No.28706606
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28706606

>>28706168
100,000$

>> No.28706765
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28706765

>>28705853
>Feeling comfy af knowing Monero will one day be worth upwards of $1,000
>>28706168
>That's not good enough, make it $10,000!
I also pray for the decoupling of monero and bitcoin but at least for now I'm more interested in valuation in bitcoin. For me it's absurd that monero is not in between 5-10% of bitcoin's value. At 5% this prices monero today at $2,500.

>> No.28706805

>>28705853
>>28706168
>>28706473
>>28706606
I think we can all agree that NOBODY knows around what price we could see Monero holding in the future, but that the general direction for the foreseeable future is upwards.

We ARE the OGs, we set the stage.

>> No.28707499
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28707499

bump

>> No.28707851
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28707851

Still thinkin about this anon.

>> No.28707985
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28707985

Comfy.

>> No.28708050

Do you guys think XMR will drop below 200 again? I was just about to buy into it before it shot up. Also, can somebody explain to me why it's going up when most other alts are sinking?

>> No.28708054
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28708054

>>28707985
>Comfy.

As fuck.

>> No.28708104

Roses are red
Violets are blue
Buy monero

>> No.28708114

>>28707851
Based. Threads like these make me want to convert all my BTC to XMR.

>> No.28708231

>>28708050
>Do you guys think XMR will drop below 200 again?
No. Buy some now, and if it dips, then buy even more and just hold. Always buy before it's too late, you have been warned.

>> No.28708538
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28708538

Finally got my new Pi4 and a 1TB hard drive to run a public node.

>>28707851
We will see how many bitcoin whales from the old days are left...

>>28708114
Just keep some BTC. I was 75-25 XMR-BTC last year but with BTC raising too much it fucked the ratio. I will ride the wave, though. And remember kids, never sell your full stack. Having a bunch of dollars is fun but this is a loooong game...

>> No.28708659
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28708659

Shit like this is why Monero is destined to rule the darknet.

>Feds Traced Bitcoin Transactions to a Drug Dealer's Apartment

"The Bitcoin addresses sent from the vendor to the investigators provided law enforcement with a potentially simple route to identification of Imperial Royalty. Special Agent Ellis, who previously investigated money laundering with the Secret Service, described an analysis of the Bitcoin transactions that ultimately led to Reid’s identification and subsequent arrest."

https://darknetlive.com/post/feds-traced-bitcoin-transactions-to-a-darkweb-dealer-s-home-address/

>> No.28708676

>>28708050
There’s a textbook bull flag on the 1h chart, if we do, it won’t be for a while

>> No.28708705

>>28708538
>Finally got my new Pi4 and a 1TB hard drive to run a public node.
based
i would do the same but i don't want people on my network

>> No.28708839

>>28708538
At the moment I'm around 40% BTC, 25% Eth, 25% XMR with the final 10% in defi.

>> No.28709149

Pajeet doesn't appear to be in this thread yet but I know some of you guys are waiting for him, so *ahem*;:

0xMonero

>> No.28709388
File: 29 KB, 875x366, 0xMoneroFail.png [View same] [iqdb] [saucenao] [google]
28709388

>>28709149
>0xMonero

Darknet: "Who?"

>> No.28709407
File: 309 KB, 1079x602, 1608925937452.jpg [View same] [iqdb] [saucenao] [google]
28709407

>>28706805
>We ARE the OGs, we set the stage.
"Monero today is like Bitcoin in 2014"

>> No.28709556
File: 349 KB, 1684x1067, 1609872336600.jpg [View same] [iqdb] [saucenao] [google]
28709556

>>28707851
do people actually use 4chan on mobile?

But yes, based fucking anon

>> No.28709598
File: 251 KB, 452x417, 1514460685216.png [View same] [iqdb] [saucenao] [google]
28709598

PLEASE SIRS BUY 0XMONERO!

>> No.28709766
File: 124 KB, 976x549, 85319913.jpg [View same] [iqdb] [saucenao] [google]
28709766

>> No.28709869

>>28709766
Someone needs to shop some logos onto the pixelated poop

>> No.28709962

>>28709869
>Someone needs to shop some logos onto the pixelated poop

Haha, yeah, literal shitcoins!

>> No.28710000
File: 234 KB, 540x405, NUMBER ONE DJ XMR.png [View same] [iqdb] [saucenao] [google]
28710000

>>28699471
Based

>> No.28710488

>>28699471
N

>> No.28710593

>>28699809
Bitcoin isn't going to "disappear" from the network. This guy is a retard.

>> No.28710622
File: 55 KB, 600x400, 189E3228-9C27-4E53-B544-E8A28717145E.gif [View same] [iqdb] [saucenao] [google]
28710622

Cozy

>> No.28710671

>>28710593
yeah wtf does this guy think bitcoins are being burned in an atomic swap?

>> No.28710832

>>28710593
yes this is a dumb take

>> No.28710899

>>28710488
UMBER ONE DJ ON THE PLANET MAAAN

>> No.28711252

>>28705853
Monero should be worth at least half as much as Bitcoin, if not more.

>> No.28711614

>>28708538
>running a node for free
cuckery

Look, I get it fampais. I really do, but XMR is going to soon find itself in the same debate Bitcoin has been in for a decade. Which is faggy hobbyists ruining everything for everyone. XMR will eventually have massive blocks to meet transactional demand. If non-mining """"""""nodes"""""""" protest and miners capitulate to their faggotry we'll soon see massive fees and day long transaction times.

It's a tough spot.

>> No.28711990
File: 162 KB, 680x560, 1612626524779.jpg [View same] [iqdb] [saucenao] [google]
28711990

>>28711614

I'm new at this. I could run a node (for free) but I don't. Should I? Why or why not?

>> No.28712194

>>28711990
There are privacy gains, but it's hardly worth it for your typical user. Someone other than me could probably explain what those gains in privacy are particularly, but I think it's mostly related to IP, which can be obfuscated in other ways that are simpler and demand far less resources.

>> No.28712560

Guys I'm super excited about the potential atomic swaps are goong to have and am thinking about going all in on XMR

Instead of the link/GRT/BTC spread I'm currently doing.

Genuine thoughts?

>> No.28712725

>>28712560
I think it's important to not put all your eggs in one basket

>> No.28712798

>>28712560
Monero is the only good hold besides btc. Then again if you believe in the oracle link and ethereum stuff maybe you'll do fine with that.

>> No.28712815
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28712815

>>28712725
Well, shit

>> No.28712994

Dr. Daniel Kim's new keynote lecture "Behavioral Finance, Cryptocurrency Markets" premieres in about 45 minutes!

youtu.be/REC5V7d3pqM

In this TCV Summit keynote lecture from February 2021, Dr. Daniel Kim weaves together award-winning research from academic finance with case studies from both the legacy financial and cryptocurrency markets to examine the degree to which cryptocurrency markets achieve efficient price discovery.

>> No.28713301

>>28712815
im right there with ya. fuck shitcoins, fuck surveillance coins. monero maxis unite!

>> No.28713373

>>28712994
this man is a legend. everything he says should be in ops pasta

>> No.28713510

>>28713373
We should add a link to “sound money, safe mode” to the pasta like they have in the PMG pasta under “Why gold?”

>> No.28713983

>>28713510
LAST THREAD: >> 27727996

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

SOUND MONEY, SAFE MODE
https://youtu.be/aC9Uu5BUxII

WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

>Non KYC:
Local Monero
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

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

>> No.28714051
File: 89 KB, 750x1000, flat,750x,075,f-pad,750x1000,f8f8f8.jpg [View same] [iqdb] [saucenao] [google]
28714051

>>28699162
Hello fellow goyim, where can I buy weed on the dark web without actually getting K2 or some shit? I just moved to a new place and don't know anybody.
Alternatively, what's a surefire way to find a weed guy irl that won't get me clapped? I know literally 0 people here and I don't want to hit or miss pretending to "meet new people" just to find a plug.
I know how hard this post glows, I'm not expecting any responses lol

>> No.28714350
File: 41 KB, 586x458, Screenshot_2021-02-11_13-32-47.png [View same] [iqdb] [saucenao] [google]
28714350

>>28707499
Very cool image thanks for sharing.
What's up Monero boys.
This made me laugh really hard this week.

>> No.28714465

Does XMR ever see pullbacks? I swear this thing was $140 just last month.

>> No.28714559

>>28714051
In person, hit up some bars and follow your nose.

Don’t have more possessions on you than you’re willing to get robbed for, should things go left. Its just weed, though. I doubt it will be hard to find or dangerous to buy no matter where you live. shit’s like parsley now.

>> No.28714816
File: 62 KB, 564x752, 1606879912695.jpg [View same] [iqdb] [saucenao] [google]
28714816

>>28711614
>XMR will eventually have massive blocks to meet transactional demand. If non-mining """"""""nodes"""""""" protest and miners capitulate to their faggotry we'll soon see massive fees and day long transaction times.
What is dynamic block size?
https://localmonero.co/knowledge/dynamic-block-size

>>28711990
Using a public remote node has its risks. The primary risk is that a public remote node can get your IP address. If a public remote node is malicious, the node operator now can associate a transaction with an IP address. They could also know that there is a user of monero with an ACTIVE wallet at a given IP address. They could then scan your IP address to try and identify any open ports. If they find any open ports, they can test these ports to see if they can get in to your computer. Granted, this is true of ANY IP address that can be obtained from the monero peerlists.
There's an active attack vector. The attack is pretty straightforward: when the wallet requests data from the remote node to create a transaction, the remote node sends bogus data in response. This results in an error message displayed to the user. If the user clicks through the error and retries the transaction a second time, this immediately reveals the real input to the remote node. Mitigations: If you see *ANY** error message after attempting a transaction, DISCONNECT from that remote node and DO NOT try your transaction again right away.*

TL;DR, run your own node. If you can't, make sure you have good firewalls, wallet passwords, and malware scanners.

>> No.28715454

>>28714816
>see error pop up on mining rig
>rip power cord from wall without thinking twice

>> No.28715457

>>28714816
>What is dynamic block size?
I'm not criticizing unlimited blocksize. I fervently promote it. I know Monero isn't actually unlimited it's adaptive, but it is effectively. The point I was making is that hobbyists will not be able to maintain XMR nodes like they do today once transaction volume increases beyond a certain point. When that point comes we will see the same fucking bullshit we saw with UASF where Bitcoin is prevented from scaling so (((hobbyists))) can maintain a copy of the blockchain. Then I'm sure shortly thereafter we'll see the some group funded by banksters to offer a banking layer solution for payments like (((lightning network))) which effectively keeps bankers in the middle of the financial system.

It's a Jewish trick, I pray Monero doesn't fall victim to it.

>> No.28715584

>>28715457
They WILL try.

>> No.28715702

>>28714816
Does a VPN help with obscuring my IP address?

>> No.28715916

>>28712560
I would definitely add some xmr to your stack. Keep in mind that atomic swaps will take a while to come to fruition (although there are at least three parallel efforts currently working to add some form of cross-chain liquidity at the moment). Unlike your average shitcoin you won't necessarily see 50% per day rises.

>> No.28716057
File: 137 KB, 220x195, download.gif [View same] [iqdb] [saucenao] [google]
28716057

monero mining frens, do you know why I'm only getting around 4800 H/S on my overclocked 3700X?

I see people posting benchmarks online of 10000 H/S dated a few months ago.

>> No.28716080

>>28713983
Xmr redpill is better

>> No.28716097
File: 828 KB, 850x940, xmr_hold_with_legs.png [View same] [iqdb] [saucenao] [google]
28716097

feeling sooo good about xmr right now hnngg

>> No.28716107

Breakout imminent, strap in we’re going to $260.

>> No.28716111

sup /biz/ i got all my crypto riding solely on eth, should I split my stack and get some monero? Talk me into it.

>> No.28716125

livestream starting
>>28712994

>> No.28716229

>>28716125
well, premiere i should say, it's pre-recorded

>> No.28716253

>>28716057
likely shitty RAM timings

>> No.28716323

>>28716253
I just have DDR4 3600 with the default timings. Can tuning RAM timings really double my mining performance?

>> No.28716332

>>28716057
lol i get more than that on 2700x

>> No.28716411
File: 300 KB, 1280x933, 1612637670526.jpg [View same] [iqdb] [saucenao] [google]
28716411

>>28716323
are you sure its running at 3600 and now 2133?

>> No.28716517

>>28716411
Yep, double-checked it.

I was running xmrig in windows (with nothing else running)

>> No.28716549
File: 442 KB, 1242x1720, 719305D2-79C3-4C62-823E-796726802998.jpg [View same] [iqdb] [saucenao] [google]
28716549

>>28716125
>original stream feb 4

This man, shilling at the bottom. What a fucking Chad, honestly.

>> No.28716656

>>28716323
I don't mine, but I've seen people getting 30+% improvements without increasing power consumption. afaik latency is more important than raw frequency/bandwidth

>> No.28717212

>>28699162
Mi promenas dum vesper'
En la poŝ' bileto kaj Moner'
Por subteni min

>> No.28717454

>>28712994
Thank you. Watching.

>> No.28717557

>>28715916
They say a tentative date is June for the swaps.

So we're well beyond the point of knowing if it's theoretically possible?

>> No.28717944

>>28717212
Wow I can understand this as a native French speaker and I never studied Esperanto.
Something like “I’m taking a walk in the evening, in my pocket I have cash and Monero for sustaining myself”?

>> No.28718244

>>28699162
Fellow XMR chads, should I sell and wait for XMR to drop when BTC drops or just hold

>> No.28718335

>>28704248
Stfu let it dip below $200 one last time before posting this

>> No.28718494

>>28717944
Impressive, as a native Spanish Speaker I can’t understand a thing

>> No.28718976

>>28712994
Dr. Kim is pretty brilliant. about much more than just monero

>> No.28719072

>>28718976
based AncientSionX
but maybe watch it when you're not signed into youtube next time

>> No.28719380

>>28718244
>706473
Just hold bro. The more you trade, the more you run the risk of making a very costly mistake. You should try to make a business to earn money and buy monero that way.

>> No.28719391

Does anyone know when the talk was originally held? Dr. Daniel mentioned that he was the 10th talk on that day at a crypto conference, but I couldn't find any reference

>> No.28719465

>>28719391
this guy says feb 4th >>28716549

>> No.28719631
File: 506 KB, 1080x1066, Screen Shot 2021-01-27 at 12.20.37 AM.png [View same] [iqdb] [saucenao] [google]
28719631

>>28712994
Thanks for posting this

>> No.28720397
File: 177 KB, 256x383, 1604459362880.png [View same] [iqdb] [saucenao] [google]
28720397

>>28712560
>>28712725
I honestly have only BTC and XMR.
I think it's ok to have some side money (a fixed amount or a % of your portfolio) to do some betting on these other random projects prone to pump & dump.
BTC and XMR are here to stay for the long run.

>>28714051
Just go to a bar. Buy a few beers, tell the barman that you're new in town and ask if he knows where you can get some weed. That's all.
Or if you really want to spend monero, ask this same question on dread.

>> No.28720595

>>28719465
thanks

>>28716549
>original stream feb 4
where did you get this information from? I'd like to stay up to date with kim's talks, he seems to become a massive buy signal

>> No.28721028

>>28702648
All it literally needs is high relative demand to deliverable supply

>> No.28721195

>>28717557
Ghostx.live does have working atomic swaps, but not for xmr.

>> No.28721232

kim went from 116 subs to 186 subs within an hour, last friday he gained 9 subs which aligns with >>28716549

>> No.28721459

>>28717944
It's "a ticket and a coin (monero)". I'm not surprised. Esperanto has more Fench word roots than others language roots.

>> No.28721538
File: 1006 KB, 744x1052, 1601771182522.png [View same] [iqdb] [saucenao] [google]
28721538

>>28715702
Yes. That's usually the goal.

>>28717557
>So we're well beyond the point of knowing if it's theoretically possible?
Yes. I don't remember exactly where I watched but there was a video of one of the initiatives working on it already doing an atomic swap on testnet bitcoin and testnet monero.

>>28720595
>>>28716549
>>original stream feb 4
>where did you get this information from?
At some point he's showing coingecko, talking about how it's the day snapshot and it says on the bottom February 4th.

>> No.28721790

>>28721538
thanks anon

>> No.28721971

>>28721459
Ah that makes sense. It's a really interesting language, I might look into learning it for fun.. The only word that threw me off is "vesper" (in French this would be "soir" or "soirée"). However, there is an old church word "vêpres" which means the evening mass, so I figured it must be some Latin root for evening.

>> No.28722022

Which privacy coins are used in the dark web right now. It's the only to find out which is the better one?

>> No.28722221

>>28722022
why not go on the darknet and see for yourself

>> No.28722228

>>28722022
shhhhh
we need to accumulate more first.
remain quiet about it until then

>> No.28722488

Yes. Esperanto tried to use roots that all languages had in common first. For example, we don't have casa in english, but we do have domicile. Esperanto's roots for house is "domo", which is from the latin word.

>> No.28722740

>>28722022
Monero is the only legitimate privacy coin with widespread use on the dark web.

>> No.28723402
File: 414 KB, 2546x1117, 68pfal524ix31B.jpg [View same] [iqdb] [saucenao] [google]
28723402

XMR price is going in a good direction