/biz/ - Business & Finance

>>28920842
Look at that sexy bitch run up

POOMP IT

>>28920842
today was a good day to learn how to mine

>>28920842
Monero is my comfiest hold. Even if it's not performing as well as a lot of the other coins I don't care. It's the only one that is actually useable without getting fucked by the goy watchers.

>2026
>I wake up in my home in Athens next to my Qtp2t Greek waifu
>start coffee and check on my mining rigs
>order a gyro and dolmas for lunch
>pay on XMR rewards debit card
>check the mail, my copy of MGS6 has arrived earlier than expected

I can dream...

Comfy pump

So realistically what is the likely price action if this gets mass delisted?

>>28920842
I'm looking to convert ETH to XMR since ETH is doing so poorly right now. Should I just use changelly and be done with it or deal with gas rates using an exchange?

I like the price stability. Stability is to be cherished.

>>28922162
It's not likely its mass listed to begin with

>>28922162
Drop at first due to panic selling, then moons because of scarcity.

>>28922162
I think it would depend entirely on whether or not atomic swaps are a thing by the time it gets no-no'd.

>>28921445
I started mining at work today. Extra /comfy/

>>28922162
>what if it became harder to obtain

What happens every time demand outstrips supply?

>>28922285
Would scarcity make it less attractive for swaps?

>>28922162
it's already delisted from most USA compliant kyc exchanges

FUCK JANNIES
FUCK TAXES
MONERO FOREVER

>>28922578
based

>>28922446
No because atomic swaps mean anyone that's actually after it can find it.

Okay fags, long term DCA'ing fren here. SHOULD I GO WITH XRP OR XMR FOR LONG TERM GROWTH AND STABILITY?

>>28922736
You should invest in the one you believe in

Thought we were headed for some nutty gains

Pulling back a little now :(

>>28922578
Thanks for the content!

>>28922736
Do not touch XRP. You will get eviscerated

>>28922162
>>28922452
I find it extremely unlikely Monero gets a federal ban in the United States. Kraken is an exchange with a bank license and it lists a XMR/USD pair. By the way, Kraken even contributes to Monero development, so much it supports the project.

The Federal Reserve Bank of St. Louis agrees:
>In general, we don't think that a central bank should be in the business to satisfy the demand for anonymous payments. We believe that such a demand can and will be perfectly satisfied by the private sector, in particular through cryptocurrencies. History and current political reality show that, on the one hand, governments can be bad actors and, on the other hand, some citizens can be bad actors. The former justifies an anonymous currency to protect citizens from bad governments, while the later calls for transparency of all payments. The reality is in between, and for that reason we welcome anonymous cryptocurrencies but also disagree with the view that the government should provide one.

https://research.stlouisfed.org/publications/review/2018/02/13/the-case-for-central-bank-electronic-money-and-the-non-case-for-central-bank-cryptocurrencies

So, yeah, sorry but it's highly unlikely. The longer Monero is available to be exchanged legally the harder it will be to pass a ban on this asset. It's not really a factor other than occasional FUD.

>>28922736
>decentralized, proof of work, private, secure, no legal troubles
VS
>heavily centralized, premined, completely transparent, being investigated by the SEC

This is really no contest, newfren.

Just look into sav3.org. you can find token info at token.sav3.org ... it's legit, idk why people think 2 mil mcap is the peak lol.

>>28922811
Fuck you, it needs to go down.

>>28922980

No?

>>28922736
XRP

I'm watching you dirty bastards. You will not get away with it!

>>28922846
>I find it extremely unlikely Monero gets a federal ban in the United States

I agree. Banning xmr would not prevent criminals from obtaining and using it, and it would become much harder for the government to track who's holding it. Would be a terrible move on their part.

>>28922736
>>28922767
>>28922840
>>28922884
>>28922767
K, so I'm a retard so I don't know too much about either but I think XRP probably has more corporate and common payment potential which could be a growth factor. XMR is more based in terms of cryptography and seems to fit the purpose of a cryptocurrency more. Not sure why XRP is being investigated, hadn't heard. fk Monero is sounding kind of hot. So expensive though.

>>28923167
BURN IN HELL BITCH

>>28923075
2nd on that. USD into XMR into XRP and comfy hodl. Don't even bother looking at the chart.

Repeat as required until trial verdict next fall. Then FTW

>>28922736
please no trolls :(

>>28923218
God, no. Stop, there's no reason XRP has any value at all. These are not stocks of a company even if it's working like they are. Even if they partner with some government or company it's extremely unlikely it's going to run using the XRP currency. And they're being investigated exactly because their token is working like a stock but it smells bad and the SEC knows it.

>So expensive though.
stack piconeros.

>>28923075
I guess my contention is that, although XMR being a stick it to the monetary system thing is based it may not be a very stable long term growth project. Not sure, though. That's why i ask my frens.

>>28923218
Do some research so that you completely understand what you hold, and you'll never be tempted to sell a dip. In a few yours it won't matter what price you accumulated at, but mostly that you did accumulate. Read pic related and watch this video:
https://youtu.be/aC9Uu5BUxII

>>28923374
WOOOOOOOOOOOOSH right over his head

>>28923420
>>28923412
Yes, and after you watch Sound Money, Safe Mode, then go watch his latest: Behavioral Finance, Cryptocurrency Markets
https://www.youtube.com/watch?v=REC5V7d3pqM

>>28922578
Every day this gets posted will mean monero will increase by a magnitude in the future

>>28922162
>price action

Well that would mean very volatile, as there will be less liquidity, and then it's up to the market to set the direction

>>28922578
fucking based. fuck jannies fuck bankers fuck feds and fuck bill gates

>eth and all other alts dump 10% in btc value
>monero gains btc value
blessed

>>28923420
This post unironically

These threads are giving me massive early eth thread vibes

I've always been sexually XMR-curious. So I decided to take a shot. Then I got cucked. What is this shit.

>>28923787
Thats funny because monero is older than eth lel

>>28923420
It's a good privacy coin. The best one. But that's what it is. It's not good crypto liquidity. Its extremely expensive because of the overhead associated with what it does. Use it for what its good for. Store of value or everyday moving around it aint. One only has to look at exchange rates. Right now you will get some good pops as people move in to dodge Janet.

>>28923787
It's just an absurd how monero is undervalued at the moment, being as useful and as solid as it currently is. And after 5 years people are finally taking notice of how serious this project is. It's really mind boggling when you stop and think about it for a second.

The intelligent move is to just go XMR. And BTC if you really want to diversify. Unless you're trying to day trade, then whatever just go for the pump and dump coins.
Serious money will go to XMR for the long run.

>>28922578
Oh shit, this just convinced me to sell my btc for an unkown amount of xmr. Thanks!

>>28922578
based

>>28924018

I've only recently gotten into crypto (shame) but everything I read about Monero has me agreeing with this. It seems like a mature project with real fundamentals and real purpose. Undervalued relative to the rest of the fluff out there for sure.

>>28924018
i actually sold most my btc and put it all into xmr. probably should have kept it but still, monero makes me feel good inside and safe with the privacy it offers

What's the chance it stats under $300 for another couple months?

>>28924183
Yes, it's a mature project with a very important and precise objective: to provide the best money possible to its users, which forcefully includes privacy and fungibility. Its story is also very interesting. Most cryptocurrencies are forks (code base clone) of Bitcoin. Not Monero -- it uses the CryptoNote protocol as base layer, making it truly a great hedge against Bitcoin.
I've been spamming this post about the beginning of Monero lately but it's because I find it's a truly interesting and important part of Monero's life as a project: https://bitcointalk.org/index.php?topic=740112.0

>>28924340
The only reason I'm 60/40 BTC/XMR at the moment is that because I achieved a specific goal in Bitcoin and I don't want to sell. But all future investments are instantly going to Monero...

>>28924404
7

>>28924404
who know really, it's hard to tell what the market will do in the short run. i just invest because there is value here and it seems really underpriced compared to btc

>>28923887
Eventually wouldn't it become a store of value due to people wanting to use it to avoid taxes and finding nobody wants to sell theirs for BTC just to need to get ahold or more XMR later?

Suppose you get into XMR through a KYC exchange now. Is transitioning to having your XMR truly private as easy as transferring it to another address that you also own? Would there be any reason to do this sooner rather than later?

>>28924689
The only thing the exchange would know is the wallet address and how much was sent from the exchange to your private wallet. They wouldn't be able to see anything else. If you'rw really paranoid send XMR from the exchange to a private wallet and then send it to another private wallet you own.

I've been reading about fees in conjunction with Monero and I'm a bit irked about it, also can't find the most clear answers. Can someone maybe link an article or video explaining fees for XMR. I just need to know if I'm going to get butt fucked over the years for buying regularly.

I am mining on http://xmrvsbeast.com/ with my i5-10500 getting 4000H/s. Been at it for 3-4 hours and yet still nothing. How often will I actually get a reward; every block? Or do I have to luck out to get a share of the block

>>28924860
It's mostly luck; they don't utilize every person in the pool for finding a block so you aren't guaranteed a payout. I started mining last night and coincidentally managed to solo mine a block using the GUI wallet my first day of mining, but the odds are usually ~1/1000 for solo mining.

>>28924860
Just wait 24 hours, depending on the mining pool it might take longer to show the actual XMR ammount that you have mined.

>>28924934
>>28924933
Thanks anons

>>28924860
You need to hit the 0.01 threshold to receive a payment. Do the math and it will take more than 3-4 hours. Also don't forget to consider lucky, but it's seems that the pool has been finding blocks lately.

POOMPA

>>28925046
I was under the assumption that that meant I needed 0.01 for it to actually be sent to my wallet, but that my "Balance due" would still climb in increments smaller than that. Does the 0.01 actually mean that I will not receive any reward at all unless it is >0.01XMR?

>>28925194
You're right, it would be showing in the balance due on the pool website. The 0.01 is only for the actual payment to your wallet.

>>28923887
retard or bait? I can't tell

>>28925235
Thank you. I hope I wake up to something. Ordering a 3600x and better mobo/ram, was due for an upgrade anyways.

>>28924689
Yes. It's technically totally private in the first wallet you send to from KYC. However, it's plausible you could be coerced to produce keys for that wallet that KYC knows you have. Without those keys they couldn't see anything. So if you were really, really paranoid, you'd send all your XMR from KYC to a single wallet. This would be your fed bait incase you need to produce keys. From this wallet you would make RANDOM transactions to a secret wallet, using a new address every time. This way if you're ever forced to produce keys, they'd see a random transaction history to nondescript addresses.

>>28925046
mo negro

How does XMR scalibility currently look like? Would the fees raise as high as currently in BTC & ETH?

Here's Dr. Kim's video from two days ago:
https://youtu.be/REC5V7d3pqM
>>28925850
XMR could currently handle btc's transaction volume with lower fees. In the future when there are more transactions XMR will be exponientially better because of it's dynamic block size
>dynamic block size
dynamic block size

>>28925850
>How does XMR scalibility currently look like? Would the fees raise as high as currently in BTC & ETH?
Block size is dynamic. The higher the block, lower are the fees. Users win.

>>28925395
And the plausible deniability for those transactions would be...I gave it to my /biz/raeli friends to get them excited about XMR?

>>28926241
what transactions? I don't see any transactions here.

>>28925243
So you think a coin that has a realistic chance of being completely outlawed and has high computational overhead is good for everyday use and a good store of value.
Good. You do you.
I'm not anti XMR. I use it all the time. But I use it appropriately.

>>28926241
That's the purpose of randomizing it. You can see they were random allotments of funds to whatever. Twitch thots? Who cares. The randomness is the main protection. If you were to transfer $15,000 from a KYC to your wallet, and then became a suspect and had to produce keys to show what you did with the funds, if you revealed your wallet's history and there was a $15,000 transfer the next day to another address, that's going to look really, really bad, and you're going to have to provide more answers. If there's a long history of benign transactions to random addresses, it's much harder to prove you're being nefarious. All of this is predicated on a somewhat functioning court system, which has been historically true in the US despite abuses and is required to have coherent conversation. Saying feds can just call BS and do whatever they want is reductionist and unproductive because if that's true once they suspect you of something it literally doesn't matter.

Isn't XMR have infinite supply? Meaning coin can dump like shit and there's no reason to chimp in early?

>>28926636
No.Learn what an asymptote is: there will be more BTC than XMR for another 20 years.

>>28926636
The block reward has been decreasing steadily since the birth of the coin. It's going to hit a minimum of 0.6 XMR per block on May 2022.

>>28926636
inflation is currently lower than btc. We will hit tail emissions in may 2022, at which point inflation will be about 1-2% and constantly decreasing. This should just about keep pace with the amount of lost and forgotten coins.

>>28923804
But Litecoin, convert with changenow.io

>>28926568
Also don’t downplay the likelihood of glows not actually getting enough evidence to charge (or if they can charge, convict) you for anything. I know people who were charged with distribution who spent 2 years floating from court date to court date STILL OPERATING THE ENTIRE TIME and charges were ultimately dropped.
Even half decent opsec could be enough, why not go balls to the wall and ensure you’re squeaky clean?

>>28926636
It does have infinite supply, but it works to 0 inflation.

Example of 1 xmr block rewards over time:

>First block 1 XMR supply 100% inflation
>2nd block 2XMR supply 50% inflation
>10th block 10 xmr supply 10% inflation
>1000th block .1% inflation
>1,000,000 blocks .0001% inflation

>>28925850
dynamic blocksizes and hilariously low tx fees; more transactions per block actually is better for the network than less.
the only real downside to xmr scaling is that the blockchain is comparatively large. in practical terms however if you can’t afford a 512gb ssd to host it on you’re better off not hosting your own node

>>28926636
in the sense that gold has an infinite supply. ignoring time as a constraint than yes xmr has infinite supply. accounting for time it has a lower inflation rate than gold

>>28926977
>inflation will be about 1-2%
Less than 1%, actually.

ColdCard wallet for XMR WHEN????

>>28927531
Monero is literally so simple it can be taught to children. It just works, simple as that.

Just. Use. Monero.

My initial USD investment in XMR is up 500 dollars in just one day

Bump

I finally did it guys. Got myself a nice chunk of XMR. I’ve been a Bitcoin Maxi since 2014-5, but I’ve been using monero for a while now to buy drugz. Over the last few months I couldn’t understand why monero is still so underpriced compared to BTC, when it’s such a solid coin with a good use case. The up coming atomic swaps and hitting tail emissions next year sealed the deal for me. Swapped out some of my BTC gains from the bull run into XMR - I am now 70/30 BTC/XMR.

When lambo?

>>28922162
dump to around $60 again, crab around there for a while. meanwhile Bitcoin will be at $100k and Monerofags will be forever priced out

>>28928977
Congrats anon, I'm not in the BTC 1 million club but I am in the XMR 1 [undisclosed amount] club. I moved half my ETH into it because ETH's doing awful and I meant to buy XMR sooner.

>>28928977
you will regret this
>selling bitcoin during a historic halving bullrun
ngmi
enjoy your "privacy"

>>28929225
Still got plenty of Bitcoin, don’t worry about me :)

>>28920842
I sold my Monero for 0xMonero

>>28929393
fuck off curry nigger

Downloaded GUI wallet, synching daemon. I am 3.5 years behind with over 900,000 blocks to go, lol. I sent 0.02 XMR to the address as a test. I will only see that in my balance once I am synched, right?
As a test I quickly connected in simple mode, and also in advanced to a remote node, and yet in both the 0.02 did not show. Am I doing something wrong?

>>28929393
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
another recent beatdown >>/biz/thread/S28670476

>>28929585
Yeah, you won't see it in your core wallet until it's synced.

>>28929683
Any reason it did not show in wallet when connected to remote node and on simple mode? Is it just a requirement that I fully synch at least once?

This can't go on forever

>>28929824
I’m sure it’ll always be around, even if it’s just a rarely transacted reserve asset or even a defunct collectible, but people wanted global adoption... they certainly got it AND all the baggage that brings with it.

How do I buy Monero without KYC bs?

Why are we not dumping? Not complaining just curious. Serious answers only please

>>28930169
>kycnot.me
you will pay more per MJ by not buying from an exchange tho

>>28930169
>>Non KYC:
>Local Monero
>Bisq
>Kucoin
>Tradeogre
>Crypto ATMs
>see: kycnot.me
(From OPs copypasta)

>>28930183
btc smashed an all time high again

>>28929759
>>28930183
XMR was already undervalued.
>>28929759
Simple mode won't work with remote node, so you'll have to sync the wallet once, yeah.
https://www.getmonero.org/resources/user-guides/remote_node_gui.html

>>28930205
>>28930230
What if I buy it on a KYC exchange and then shuffle it with something like wasabi wallet?

>>28930251

And so? We supposed to dump. Are we just decoupled? Holy KEK

>>28930251
Yeah but that made almost all the other alts bleed except XMR. Is it something to do with people hiding their cashouts from uncle sam?

>>28930322
Some guys were actually talking about this earlier
>>28924689
>>28924818
>>28925395

Selling back for fiat is all you’d have to worry about.

>>28930322
xchange.me

>>28930267
I am that anon on phone now. I mean that I connected on advanced mode to a remote node, and it wasn't there. I also connected on simple mode (not too sure what the point of that is, just saw that I did not need to download the whole chain) and it wasn't there.

Should I tether up and buy at the dip?

>>28930879
Oh same ID lol. Any help is appreciated. Hope my inquiry is clear. Just hoping to figure it out as it will take me almost 20 hours to synch locally. It concerns me that despite fully synching on a remote node I still did not see the funds. I suppose that remotes are not too consistent to begin with.

The shorties still haven't given up https://datamish.com/xmrusd/7d
>>28930924
if you can see the future, why are you not a millionaire yet? Buy and hold.

>>28930924
>selling your XMR

Gross.

>sell all my coins and put it in xmr yesterday
>already up 8%
Just can't stop winning with xmr

>>28930959
not sure what's wrong, I'm guessing it's not fully synced? Idk. Either way you can prevent this from happening if you use a lightwallet. Just FYI

>>28931166
We also crab a lot, don’t get discouraged when that’s happening.

>>28930924
I'm never ever selling back to tether

>>28931261
did u say crab
>>28931273
based

>bought some at 150
>bought more at 220
>still have 10k usd to spend
what do? i don't want to fomo but it still seems under priced for the long run

>>28931431
dollar cost average
it's boomer shit but it works

>>28931553
i guess what i could do just start putting in like 500 a week or something...

that's usually my strategy in general too, just feel bad having 10k "extra" cash over my normal reserves

>>28931815
don't feel bad anon
most people cant dump in 10k in half a year time
t. poor NEET

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.

>>28931984
Thanks man. Didn’t think about it like that. I really should just stick with DCA then... the thing is, when I get a bonus or commission or what not then I get a 30k and not sure if I should invest it all right away or what

>>28930335
Soon people will find out what the real Bitcoin is. XMR might not have a direct bloodline but it has the spirit for sure.

>>28933443
>Soon people will find out what the real Bitcoin is.

Soon people will find out what the actual Bitcoin is.

Bump

>hurr durr xmr only crabs
>fucking stablecoin
>bleeding in stats
>pnds are much better
mfw I woke up and everything was getting slauthered but xmr

>>28923029
Yes. Go somewhere else moonboi. We are accumalating.

>>28926554
What chance? Because you think so? Same shit was said about BTC for ages and nothing happened. Also it is better then ETH or BTC in moving cash around. Very low fees. It also better in hiding wealth so as a store of value. As a currency it is top tier and it's value will come to reflect that. You are just full of shit.

>>28930335
XMR is just weird. Sometimes it follows sometimes it does not. Random moons huge dumps are a daily thing aswel. If anything it is unpredictable.

>>28931048
Yeah not sure why so many people keep shorting XMR, at this point it seems counterproductive. Perhaps it's bots or smth.

>>28936595
deluded BTC maxis? kek
Love seeing these shorts burn

What are any of your hashrates? I am mining on a i7 6700K and get about ~3500 H/s is this around the expected range or should I change some miner settings to optimize it?

>>28920842
lost several bitcoin holding monero, never selling

>>28937068
Did you buy XMR at peak?
In other news I found out Satis Group is a fraud founded by a guy that got booted from otehr groups for being shady: https://nypost.com/2017/12/01/mass-firings-at-top-digital-currency-investment-bank/
I still think XMR's useful long term but I don't think Satis Group can be trusted on its (40k by 2030) projection.

>>28922736
If you are comparing XRP vs XMR seriously then you deserve to go all-in into XRP.

>>28937054
>i7 6700K and get about ~3500 H/s
that's already above expectations monerobenchmarks.info
my ryzen 3600 does about 5kH/s

>>28922188
Make sure to keep a diversified crypto portfolio this way you can sell a little bit of overperforming coin A to put in underperforming coin B and when it reverses you can do so again which will increase your total position. XMR should be your long-term hold not speculation hold.

>>28922162
Game theory basically dictates that Monero isn't going to be delisted. To understand this you basically need to realize what it actually means for a government to delist something.

Even if we assume a government can just immediately decide to delist something (even though it goes against fundamental rights of freedom that the court would defend).

Let's assume the government has the ability to immediately ban Monero. Now what would go through the government's head for banning Monero in the first place. "We can't spy on transactions so this is a risk to our surveilance state we have to ban it".

Now what will happen if they actually ban it? Now they have ZERO information because they don't even have the KYC from some monero holders AND they are giving the other governments potentially rich and bright people on a silver platter.

In game theory we call this a prisoner's dilemma where two or more entities lose out if they decide to ban Monero but other entities decide not to. It would only work if all the global economies come together and ban Monero as a single entity.

Is that a possibility? Yes. Is that probable? No.

Thus you can price in the small chance of XMR being delisted. Most people are irrational traders so they will think "XMR has A chance to be delisted therefor I won't buy".

So even though the real chance might be as low as 0.1% that XMR gets delisted the valuation of Monero might be 80% lower than it would have been without this threat. You as an investor can exploit this asymmetry in the market by being smart and taking that 0.1% risk for a 500% price premium.

>>28936595
I assume anyone shorting XMR has literal brain damage.

>>28937135
Weak fud,

Explain what you just said, in quotes from the article.

>you cant

>>28924404
The market is irrational but we know XMR should be worth more in the future. That's why the best strategy is to dollar cost average into it over the next couple of years.

>>28937194
I'm holding XMR for the long run, yeah.
>>28937448
>“Ms. Channing was fired for cause upon the discovery of evidence suggesting serious misconduct by her, including the potential misappropriation of Argon assets and intellectual property for her personal gain, and the dereliction of her fiduciary duties as the general counsel and an officer of the company,” Brian Ruby, a spokesman for the company, told The Post.
Channing is the CEO and founder of Satis Group

>>28929225
>babby's first bull run

>>28924689
>Is transitioning to having your XMR truly private as easy as transferring it to another address that you also own?
Yes. The exchange won't even know what address it was sent to.
>Would there be any reason to do this sooner rather than later?
Yes a couple of reasons for this. Firstly because Monero is truly anonymous and fungible it's the perfect currency for a exit-scam by a exchange. There is basically no risk for exchanges to just steal your XMR.

2nd Hackers actually actively target XMR on exchanges because again they can steal it and get away with it because no one knows where it went to.

3rd and least likely to happen is that the exchange or your government if it's authoritarian decides you either can't get your XMR off the exchange or you can't trade in it anymore. Therefor moving XMR off the exchange as soon as possible removes the risk of this happening.

Also last but not least. Exchanges use XMR that people own to short XMR. No XMR on exchanges=no shorting.

>>28937135
>In other news I found out Satis Group is a fraud founded by a guy that got booted from otehr groups for being shady:

>I still think XMR's useful long term but I don't think Satis Group can be trusted on its (40k by 2030) projection.

The actual paper wasn't authored by the SG founder but by two other analysts that work there.

Furthermore, the SG projections don't require you to trust in THEM, all they're essentially doing is gathering data. doing some math and then drawing certain tentative conclusions, leaving the debate up to us.

And as far as their core reasoning goes, its pretty spot-on: we are in fact seeing criminal adoption of crypto and Monero is thus perfectly placed to start receiving substantial black money influxes in future, which is precisely what SG predict will eventually push XMR to $40K.

>>28925850
Blocks can increase when needed. More nodes and more miners also mean lower transaction fees and faster transaction times.

Monero actually improves the software so transaction fees go down over time. In 2017 bull run transaction fees were ~$1. In 2018 due to an update it dropped to $0.01. Then in 2019 and late 2020 another couple of updates dropped it to about $0.001-$0.005. The transaction fee is now up to ~$0.02 but that has to do with XMR increasing in valuation while the transaction fee being the same in XMR. It's going to go down again in late 2021 as they have another update in the works that will halve the transaction size and thus halve the transaction fee and also make the transaction time lower.

>>28937570
>In other news I found out Satis Group is a fraud founded by a guy that got booted from otehr groups for being shady

>Emma
>a guy

Anyway, why would you not trust the satis report based on the fact that she used internal info for her personal gain?

They make pretty good arguments in the report, I don't see why that should be tainted by the possibility that she's a fraudster.

So guys, Im watching monero for quite a while now, its always “steady”, not much pumping and not much dumping.. I like the idea and fundamentals.. just need to know if you really think this will at some point explode and why? What is suicide stack bag? Want to start from suicide then build my way up to make it stack.. thanks for info fags, i appreciate it!

>>28937906
Even my id says im a clown kek

>>28926636
The quick answer is technically yes, but practically no.

It's designed to always pay out 0.6XMR per 2 minutes from may 2022 onwards. But the rate of inflation will thus get lower. It will be 0.6% in may 2022 and then slowly get lower until it asymptotically reaches 0%. Effectively in the long-term the inflation rate is negligible while still encouraging mining. It's essentially why BTC will stop existing by 2078 for certain (yes the last block will be mined in 2078 NOT 2140 like many non-technical people seem to think).

Monero will keep existing because the financial incentive to mine will keep existing.

>>28937906
Given the emission rate, a suicide stack would be ~20 and a make it stack would thus be 200

>>28928244
Use % not total amounts. In theory feds could calculate your XMR holdings from the amount of total gains you made. It's against OPSEC to state the amount you own.

>>28937906

>Cluwn

KEK

>>28930169
I recommend localmonero and verify the reputation. That said KYC doesn't really matter for Monero since the exchange won't even know the address it will be sent to.

>>28937947
But what is emission rate? I need some arguments so I can confirm my speculations about this.. kinda noob about monero but as I said i like the idea of it..

>>28936051
based anon, fuck moonboys,

>>28937906
>suicide stack of freedom
1 monero

>>28938138
https://youtu.be/wq6w03E2DS4

Watch this video if you are truly interested in Monero, don't skip. If you skip through it you're probably the type of person that is better off trading other coins.

>>28938029
Why won't it know? Don't you have to give an address for it to arrive in your wallet?...

>>28938274
Thanks, I will when i get back from work.

>>28936595
I see it as a gift to the community. They give us free cheap XMR to buy.

Converted some more of my BTC to XMR last night. Extremely comfy rn

>>28938295
That "address" isn't even your real address. You give it to people so they can pay it to you. Then the monero blockchain actually pays it to a one-time fake address and then to your real address that is hidden from everyone.

Basically the address you give to exchanges that starts with a 4 or 8(subaddress) can't be linked to your actual wallet.

Monero is designed to be as private as possible. They even have built-in features to prevent you from doxing yourself. It's why the US government is so aggressive in putting up bounties to crack it.

>>28937906
>just need to know if you really think this will at some point explode and why?

Its not just us, many professional analysts consider privacy to be crypto's killer app in future and as the premier privacy coin Monero is perfectly poised to become to go-to crypto for black marketeers, drug cartels, tax evaders and money launderers. Pic related.

And since the amount of money in play here is in the TRILLIONS, its not difficult to see how Monero might end up receiving influxes worth hundreds of billions of dollars over time, and it only needs a $184 billion market cap to be at $10K per XMR.

>What is suicide stack bag? Want to start from suicide then build my way up to make it stack.. thanks for info fags, i appreciate it!

Depends on what your needs are. Assuming Monero hits the oft-cited projection of $40K by decade's end, your potential portfolio would look like this:

10 XMR = $400K

25 XMR = $1 million

50 XMR = $2 million

75 XMR = $3 million

100 XMR = $4 million

So as little as 10 XMR might make a decent suicide stack, 50 XMR is quite comfy and 100+ XMR is solid make it territory.

>>28937413
/thread

>>28938419
Wow, XMR is really great.

>>28939188
SMINEM NOOOOO

>>28938301
Watched it twice. Well worth my time. Converting from BTC to XMR as I type this.

What's a good pool to join for mining?

>>28939938
Also is it worth it pulling along my GPU and install the CUDA plugin? I have a geforce 970.

>>28940098
XMR is really ASIC-antagonistic and as a result, GPU mining is way weaker than CPU mining. It's basically just adding wear with how weak GPUs are for XMR mining

BASED MONERO BIRB EDITION
who's feeling comfy as tits?
XMR chads are

>>28940163
Got a nice undisclosed amount.

>>28940163
I got {redacted} XMR, and I feel {superlative adjective}

>set a limit order for 170
>it jumps up to 220
i just want to accumulate bros...

The only place I see that I can buy XMR from is Binance. Does Binance have an auto buy feature for dollar cost averaging? Is XMR even okay to dca? I still dont know how core fees work.

>>28940151
Thanks

>>28940690
Automate deposits with your bank and write a 15 line script to buy with binance API
>Is XMR even okay to dca?
why would it not be

>>28941029
Okay yeh thats cool and all but im not a coder. just a retarbed fren

So XMR General... Do you wear the mask?

>>28940442
same here -.-

pamp incoming, hold on bois

>>28942557
Sure I do. The additional privacy is great - especially in the summer when you can combine it with black sunglasses - and it's the first time that masking your face is not only socially acceptable, but expected (and sometimes even mandated).

>>28942909
kek

>>28942557
Of course I do. I like freedom as much as not seeing my grandparents die.

>>28939938
Oceanmonero 0.0% fees and it's private. Meaning it hides mining activity from your ISP and doesn't record your IP in the mining activity.

>>28940690
>he didn't buy during the delisting fud dump

>>28942557
Yes. I am a privacy advocate so I always encourage clothing trends that make you better at safeguarding privacy. Covering up 70% of your face with a piece of cloth is great for that.

>>28943487
>>28939938
https://moneroocean.stream/

>>28942557
yes hiding my face in public is great

>>28942909
>>28943623
>>28943689
Based and red-pilled

>>28942557
I do
But at the same time I feel like we should just fuck off with everything and let the weak boomers die

>>28943480
implying that masks actually help

god damn it should have bought ze dip

>>28942557
Of course. You do not wear it for you, but to protect the weakers. Also, I did get Covid myself, so anybody who say it's not real can go fuck themselves.

>>28944217
I agree, but that's not the right answer the troll.

Bump

>>28943672
thanks guys i love you frens

should i use also their miner?

Since the other guy didn't deliver I'm going to run a miner on my Raspberry pi 4B 4gb to see the hashrate. I'll let it run 24 hours to see how much I got. I will tweak it to run as fast as possible (overclocking, overvolting, remove overhead from pi OS, optimize miner). Will post results tomorrow.

I don't think it's economically viable but who knows. I was already surprised I managed to squeeze 3.5 KH/s out of a i7 6700K without overclocking.

I'm expecting around 300 H/s max to be reached.

>>28923499
YouTube censored me on the live chat during the livestream, when I rewatch some chat got deleted

>>28948045
with raspberry pi's you will count s/H not H/s

Trust me famalam you're wasting your time, the monerod takes 5 days to sync with an SSD on RPi4B

>>28948045
realistic is around 100H/s: https://monerobenchmarks.info/

Reason is that the processor doesn't have a few instructions needed (so it has to do software emulation) and the tiny on chip cache

you fuckers better be running a FULL local node on your pc right now and helping the network by mining in small pools or solo

anyone have the address of the xmr-chan oc guy? thinking about donating an unknown amount

>>28940442
just fking buy and stop trying to time the market.

>>28942557
privacy is nice. igaf about no coof though. i kinad like covering my face,

>>28947861
How technical are you? Just download the standard XMRrig if you aren't really that technical. If you are technical I recommend downloading their miner and tweaking the settings for your specific hardware to squeeze out every single H/s.

>>28948347
I don't need to sync anything just have to mine whatever the pool sends over and return the results.

>>28948417
Monerobenchmarks.info seems to be lowballing the hashrates or the average miner is a retard that doesn't know how to customize settings for their hardware and thus lose out on a lot of easy pickings in terms of mining performance but we'll see.

>>28949039
im mining currently raven and monero. Raven on teamred in nanopool. I see that oceanpool mines whatever is most profitable and pays you in xmr, do you think that if i mine with gpu and cpu, will mine raven with gpu?

>>28949039
I haven't mined yet (stupid expensive electricity here) so I don't know how accurtate their numbers are.
If you get better results I'd be pumped to see them.

>>28949240
ETH is more profitable IF your GPU can handle the DAG size, otherwise you're stuck to raven ye

>>28949240
I recommend mining something with your GPU and using the left-over cycles on your CPU for XMR. Then selling the GPU mined stuff like for example ETH into XMR.

Yes oceanpool has that option but I don't make any use of that I think it's more profitable in the long-term to mine specific coins that also moon during the mining.

The reason to use Moneroocean is because they charge no fees and don't record your IP and hide the mining information from your ISP so it's the most private and cheapest way to mine in a pool.

>>28949400
580 4gb memorylet

>>28949400
protip with ETH the block height changes so quickly because every kid with a gayming gpu is mining it right now you can never get a share in before it changes so mine the next profitable coin to avoid nicehash kids

>>28939938
supportxmr.com

>>28943832
Everything above ffp2 helps. Everything below is placebo

Thing is, with oceanpool miner i get 6.6 khs with my ryzen 3600 but with the standard one of xmrig i get 7.6khs

>>28949685
You can use the standard xmrig just change the config file to connect to moneroocean.

>>28949039
I mentioned the sync time just for you to get a picture of how slowly rpi processes hashes.

Raspberry Pi foundation cheaped out on AES instructions in their cpus. Its useless both for mining and as a node.

But go ahead, give us print screens for the luls

>>28920842
i keep askig myself if now is the right time to convert all my buttcoin to monero.

Thread still alive from last night, feels good

>>28950337
there's never a wrong time for monero anon. join the comfy

dont u feel like xmr will be back to ~160/usd
in this week?
and ofcourse i will buy more, cheap coins

>>28939027
Great post thank you Chad

>>28950611
I don't feel like that at all

>>28950337
>all
Don't be a retard and maintain a diverse portfolio of different projects. Monero is a long-term project, sure. But this is a bull market and not all projects moon at the same time. Put your winnings into Monero but don't go all in.

Also Monero isn't really a good coin to speculate with. There are bigger profits to be had in the cryptocurrency market. Treat Monero more like your retirement fund where you lock in your long term gains that you will cash out in 10-20 years time.

>>28951000
ok nvm, i will sell like 1/3 of my monero today anyway, it was nice growth in last days

>>28950611
Np idea why it would retrace that far. Though even if it does i will rejoice and scrounge up some more cash to buy.

>>28951127
This anon is not going to make it. Imagine selling BTC at 1500 when you bought at 1000

>>28950523
NEW rare CHAN!? It's a good day.

>>28950611
I sure hope so. Sadly I don't see that happen any time soon. Mainly because it's bull season and I see more and more non-technical people come to this general or people asking how to acquire Monero which is going to make the price go up.

Also people try to diversify their portfolio by holding some projects in every "sector" of crypto. Be it decentralized computing, "defi", but also privacy coins. And Monero has basically won out as the top privacy coin out of Zcash and Dash even in the eyes of non-technical people. This means adoption is going to grow, not slow down.

damnit I wanted to accumulate more
whatever, lets go
OOOOOOOOOOOOOOOOOOO

Oh no no no
Shorties are u ok?

why is xmr pumping?
did it finally wake up?

>>28950523
why do her tits keep growing with each new version I see. the first one was the best I hate big tits.

>>28951445
We are not spreading enough FUD. Honestly where are all fudders that ensure we can accumulate more when you need them?

>>28950404
us eurofags kept it up

>>28951574
new art from a different artist posted 1 or 2 days ago

>>28951574
Her tits size represent the long-term potential behind Monero. Every time there is an update to the protocol that makes it more viable in the long term grows her tits.

>>28951445
It's trying to break 250

>>28951697
People only care about price. Number go up = good

Any explanation on why Bitcoin users prefer using coin join instead of Monero?

>>28951127
post proof and cap this for lulz>>28951127

>>28951834
stop lying you little shit

>>28951574
Are you gay?

I'm not done accumulating go down you whore

>>28951834
no one uses bitcoin. its only for holding, on exchange. while number goes up.

>>28951929
no i just like normal sized tits. or small tits. big ones go last for me. saggy bags of fat. ew. I had sex with a big sag tit girl once. WOULD NOT BANG

>>28951834
I haven't transacted in bitcoin since like 2014. The fees are too high to bother and it's only to hold on exchanges as a store of value.

>>28951809
kek, there was an anon the other day who swings crypto on a profit and said "i just buy what's going up"

>>28942557
Depends. I have no problem wearing a mask if a business wants me to, and if it's crowded (can't social distance) and everyone else is I will too. But typically no one gives a fuck where I live and if there's room to distance and the business doesn't care I don't. I personally couldn't give a fuck about the virus. The mortality rate isn't enough for me to care beyond reasonable precautions; if people around me are concerned and there's no room to physically avoid them I'll wear a mask to be courteous. But my grandparents are the only reason to slightly care but they also don't give a huge fuck because all four of them have refused risk living their last year (they were old already and at the point where they could easily die randomly at any point for any reason, no reason to let this virus ruin their lives just to die anyways) as gay retarded shut ins wasting away on their couch, so they've continued to travel (good for them), so I'm kind of apathetic. I do detest enforcing mask orders via police. It's fine to issue them symbolically. It's fine for businesses to enforce it and have people removed for trespass, as is their right. But it's way over the line to force businesses and people into compliance with the threat of force.

>>28951834
Because they are stubborn and tribalistic. They ignore Bitcoins inherent problem of fungibility and instead pretend it doesn’t exist.
The ones who actually need privacy use Monero. It really makes you think, does it it?

>>28951834
>Use
>Bitcoin
Kek, nobody actually uses honeypotcoin

>>28940442
DCA MY BROTHER
>>28940332
>>28940211
based

>>28951941

Same dude I'm yelling things into xmr/btc chart like hell

I'm already done accumulating. Please go up.

>>28951697
Your post opened my eyes. I'm a xmr maxi. I need to start fudding for my own benefit. Duly noted, thank you chad.

XMR general is the only one where monero holders get mad when the price goes up because they wanted to have more.

>>28952128
>honeypotcoin
Top fucking kek.

>>28952600
No don’t listen to that anon.
The generals are based because monero chads are talking about setting up nodes or mining or accumulating more. Posting annoying fud doesn’t contribute anything.

>>28952600
>>28952834
Yeah it was mostly a smug joke.

pay your taxes.

>>28951834
>>28952110
Indeed. I didn't believe they could be this stupid, but here, watch how Peter Mccormack struggels with the concept of fungiability:
https://lbry.tv/@MoneroTalk:8/peter-mccormack-why-bitcoin-s:1

>>28951941
>>28952501
Same. Advertised xmr to a close friend @110€, he didn't care; reminded him @140€ more strongly worded and he gave in, only to see the price rising and kraken beeing slow AF with verification. Almost most feel bad that I didn't pressure him more.

>>28952638
kek. Only monero chads understnaf this isn't a game that is won, but a game that is played over many years to come.

>>28953022
Of course I do. I assure you everyone that actually owns XMR would disclose their amounts to the government even though there is no way for the government to verify if you hold any. That's just how good we are as a community.

>>28953180
I'm not disclosing my holdings, but I will disclose any fiat gains I make, as required by law.

During the previous bullrun of 2017 Monero outperformed Bitcoin the entire run. Now Bitcoin is handily outperforming Monero the past couple years. Do you guys see a reversal in the cards or do you not care that it is losing against Bitcoin.

>>28952600
no, don't fud for xmr, shill for "alternatives". Monero is good, but 0xMR, HVN and AEON are sooo much better

XMR is so comfy

>>28953513
Xmr is measured in $ and follows a similar stock to flow as BTC, it was just 4 years late. Check the log charts and ride it to 40k

>>28935609
Bitcoin whales were fudding to accumulate

Under 0.01 XMRBTC is accumulation of a lifetime.

Think about it. Is privacy and fungibility worth at least 1% of Bitcoin?

WHAT THE FUCK WAS THAT

>>28953986
based

>>28942557
I look pretty cool with my nike SF1 high blacks & canada goose & black corona mask on

>>28952128
honeypotcoin
>honeypotcoin
honeypotcoin
>honeypotcoin

>>28954009
>Xmr is measured in $
Yep, and when it does poorly in dollars we just measure against cowry shells.

>>28947861
if you guys want i can send up a fork of xmr rig with the donation ripped out. Imagine paying donations kek

>>28954867
>literally the same graph as btc/use
it's not doing poorly anon, it's doing exactly what's expected

>>28953513
Its due to sell pressure from major ransom payments

Holy shit this threads still goin?

>$250

>>28955111
Checked and DGs are getting more and more attention by the day
the show goes on

>>28951574
I agree her tits look a bit fake now... A bit too round at the top. Still, very, very nice to have such amazing new pics of Monero Chan! Thanks to the artists.

>>28953513
>During the previous bullrun of 2017 Monero outperformed Bitcoin the entire run. Now Bitcoin is handily outperforming Monero the past couple years. Do you guys see a reversal in the cards or do you not care that it is losing against Bitcoin.

Performance in a hype-fueled speculative bubble is no indicator of long-term viability, hot air won't sustain an irrational price forever.

Monero is kicking Bitcoin's ass where fundamentals matter, and that bodes really well for its long-term prospects.

So dwell more on what the XMR price might be 5-10 years from now rather than 5-10 months from now.

>>28954009
Looks like some people are trading against btc because it's making some neat little trading ranges.

>>28920842
Monero is broken, upgrade to 0xMonero.

cue the bot

Monero generals are the most based threads.

>>28956258
>Monero is broken, upgrade to 0xMonero.

Why is the darknet ignoring 0xMonero?

>>28920842
attention all bears and market-makers
i am not selling until 0.025 xmr/btc OR $1200 XMR
i will buy more every single month, and store off of your scam-exchanges, and i thank you for these cheap prices
amen

>>28956258

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

(as usual)

>>28956398
I'll buy your bags in the blink of an eye when you sell at 1200

>>28956398
>selling monero at 1.2k

>>28929585
Hey this guy again. Any help would be appreciated. Wallet is synched to blockchain and still nothing showing up. I have the txid that says the transaction went through and has been mined. Really not sure what's going on here.

>>28922369
How much do you mak

Not to beg at all but just trying to figure out this wallet situation before I start mining seriously. If anyone would be willing to send me a small amount of XMR to confirm that my wallet it working, it would help lots. Let me know

>>28957458
This is my "status" output:
[2021-02-17 10:27 AM] 2021-02-17 18:27:21.550 I Monero 'Oxygen Orion' (v0.17.1.9-release)
Height: 2298866/2298866 (100.0%) on mainnet, not mining, net hash 1.82 GH/s, v14, 12(out)+0(in) connections, uptime 0d 0h 8m 24s

>>28957605
post your address, I'll send a few cents

>>28957752
best to sync locally. this is why i love cli over gui. cli scares people but its so easy to use; you only need to understand like 2-3 commands.

>>28958047
I am now synced locally, as far as I understand. Does that status indicate otherwise?
>>28957950
49ad4FKPj1JPymbkDnqaniVtqUTg2qPrT3iXhPVXBTdRVYthfkZcGwr3QM9mzSychrTosUAwhbHnFE8WyEHmkfWuRDn9rfp
Thank you anon

>>28958047
know any good tutorial about it (for gui users)? would like to give it a try

>>28957950
based
this is why I love this community
We're all gonna make it
>>28958047
CLI user reporting
>>28958166
https://www.monero.how/tutorial-how-to-use-the-monero-gui-wallet

>>28933156
If you're sitting on a pile of cash, come up with some kind of strategy to DCA.
If you have 10k, try investing 250 per week. In theory it would take you more or less 10 months, but if there's a dip and you want to invest more you will have the cash in hand. Worst case scenario if a correction happens with a big drop then you can go all in.

>>28954085
>Think about it. Is privacy and fungibility worth at least 1% of Bitcoin?
Few understand this.

>>28937135
Imagine being bothered because someone who claims to predict the future has not predicted the future correctly. No one knows where the price is going, seriously.

>>28937413
Based and truth pilled

>>28958283
Oh, I meant a tutorial for CLI that can be understood by gui users. Never done much with CLI based software, but it seems like monero is worth learning it.
Would preffer a tutorial to follow along to reduce the risk of fucking up and loosing money.

>>28956602
>>28956746
you don't know my stack amount, my average buy-in, or how long I have been holding.
I will ALWAYS hold monero - but I want a fucking house, bros.

>>28958140
well you said you connected in simple mode? sounds like its using a remote node not local (since you did say you were behind by 900k blocks which in reality would take 2 days to sync...)

>>28958166
try youtube
all you do is dl the cli software. there are 2 parts: the daemon (communicates with the network, syncs, etc). this is what you leave running. the 2nd part is the wallet, this is used to make wallets, do transfers etc. it requires the daemon to be open so it can connect to it.

daemon = monerod.exe
wallet = monero-cli-wallet.exe

not sure if this will help but it might:
https://www.monero.how/tutorial-how-to-create-a-command-line-monero-wallet

[2021-02-17 10:43 AM] 2021-02-17 18:43:48.399 I Monero 'Oxygen Orion' (v0.17.1.9-release)
Height: 2298877/2298877 (100.0%) on mainnet, bootstrapping from 173.180.211.213:18089, local height: 57080 (2.5%), not mining, net hash 1.81 GH/s, v14, 0(out)+0(in) connections

Now this is my status output. Local height needs to synch fullly? Never saw that one before. I am going to switch to CLI on a Linux machine I think.

>>28959054
neat, I'll give it a go!

>>28954597
What a faggot.

>>28959054
I did that last night just to see if it would work. I downloaded blockchain overnight and am now synched locally. Again, as far as I understand

How do you call what is required to be downloaded when you use simple mode? It's not the entire blockchain, but it's infos required for the wallet to sync properly... And it still takes time to be downloaded. Does it have a name?

>>28959232
send some more to ur wallet or wait for that anon to. its possible you might need to rescan the chain to check for transfers associated with ur address (this is not a resync... something different).

anyways as always: cli is 1000x more chad than gui.

>>28959600

I think you are refering to the intial blockchain scan for outputs?? feather wallet is a really fast and comfy light wallet

>>28959907
Yeah I got some redditors working OT to try to figure it out, if nothing works I will just go CLI. Thanks everyone for your help

>>28959123
ok im retarded. you are 100% connected to a remote node.

>bootstrapping from 172.180....
>local height: 57080

not sure why youre transfers wouldnt show in that instance though

>>28959996
>intial blockchain scan
Yeah, I though it may have another name. "initial blockchain scan" it is then!