/biz/ - Business & Finance

First for Monero (XMR)

>>29430368
who else bought the dip? $100 went just that much farther lol

>>29430444
Monegro :D :D :D :D :D :D

I want to [REDACTED] Monero-chan's [REDACTED] while she [REDACTED] tied up with [REDACTED] until she [REDACTED]

>>29430368
Don’t forget to upgrade your monero to 0x

>>29430902
consistent.

>>29430836

Lets make a CCS proposal for this anons monero-chan hentai. Good advertising.

>>29430368
Is Ethereum also implementing dynamic blocksizes?
I've read this proposal will be approved this week:
https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md
>A transaction pricing mechanism that includes fixed-per-block network fee that is burned and dynamically expands/contracts block sizes to deal with transient congestion.
It looks like Riccardo was right all along on the low-fee solution

I'm concerned about the transaction speed, and lack of economic moat. couldn't someone just fork this with more modern code?

>>29430720
hiding in a bunker in montenegro with unknown amount of monero my monegro

>>29430957
This seems to be the obvious solution. Fixed block size are a stupid idea lol

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>29430986
>More modern code
XMR forks itself pretty regularly to update at no disruption to the end user. Any fork of XMR is bound to be shittier since the best cryptographers for the job already work on XMR (see Wownero, 0xMonero, MoneroV, etc. All of them are forks and all of them are less developed since Monero just keeps advancing.)

>>29431188
rundown on 0xMR? I know it's shitty, but man, being on ethereum would be really cool...

>>29431414
Not with these gas fees it wouldn't. I'm happy paying a penny thank you.

>>29431188
also good to know, but that does introduce a failure point/some amount of centralization. what is the incentive for the devs to keep devving, and who devs if they decide to stop?

>>29431188
0xmonero is not even a fork of monero
it is a plagiarism of a different erc20 token with no privacy features whatsoever
from the standard copypasta:
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504
another recent beatdown >>/biz/thread/S28670476

>>29431414
Their whitepaper is a joke lmao. Its just fake XMR fud. Please don’t buy it, it’s basically a rugpull.

>>29430902
kys quit shitting up the board

>>29430368
I had some XMR but sold it after a 3% profit or so. Why is it crabbing downwards? What are the market forces that determine it's price other than pure speculation? Obviously it's impacted by BTC, like the rest of the market.

>>29431516
Devs get paid by community funding efforts typically. Also the US government puts out bounties on Monero to try cracking it because the government itself has a vested interest in untraceable dark money that it can use for top secret operations.
>>29431414
It's got less than 500 holders, doesn't actually work for privacy, and XMR is building its own ETH competitor at the moment anyway in the form of XTR, which has all of Ethereum's smart contract features but with by-default privacy. XTR will be to ETH what BNB is pretending to be.

>>29431188
0xmonero isn't a fork of monero.
Also wownero is a joke currency like Dogecoin, but it is also used as a testnet for new Monero features (e.g. it was used to test Random X before Monero forked to it)

>>29431743
is this a joke?

>>29431743
There's two prevalent theories as to why XMR crabs so hard.
1: Due to not being able to track XMR moving in and out of exchanges, it's impossible to play the pump and dump game you do with other crypto. You don't know a whale has moved 1000XMR to Kraken until the dump is in progress.
2: Due to XMR having such a low marketcap, state actors have already anonymously purchased a huge amount of the circulating supply and routinely tank the price to discourage a token they can't track getting adopted over BTC which they can easily track.

>>29431776
>xmr is building it's own ethereum competitor.
I'm listening.

>>29431414
I also enjoy spraying hot diarrhea onto the streets and into the alleyways of Mumbai.

>>29432015
TARI

>>29430368

Is it worth mining Monero? I don't have a cutting edge PC

>>29432015
https://www.tari.com/#tari-for-creators

>>29431928
So the government is selling me cheap Monero? B-based???

Everyone says this will boom long term.

HOW? What's your vision for how speculation will happen?
I've seen people say "The entirety of the black market will be in monero", but it simply won't, it's pretty much only dark web purchases. No one is buying pot from their drug dealer with XMR.

Do you expect that in 5 years we'll see news headlines saying "Bitcoin is unfit to be a currency; But this new hot product fixes that"? And then talk about how pedophiles use it to buy CP?
Do you expect a world when we'll be able to buy food and clothes with XMR?
Do you think that's less likely than a world where it gets outlawed (as a threat to the government), or price suppressed forever, or simply forgot in the #200's market cap? How do you see it booming?

>>29432015
https://www.tari.com/
The skinny is:
>BSC’s cheap ass fees
>Ready to handle over 1000txnps at launch
>ETH’s programmability
>XMR’s privacy and decentralization

>>29432287
Oh look it’s the same demoralization nigger from earlier. Kill yourself you miserable fucking tranny faggot, stop shitting up our lovely generals.

>>29431928
You make a good point with the second. Im having trouble finding it now but the NSA released a document outlining how privacy cryptos were a threat and how to manage them. Basically the only option they had was to buy large amounts to control the market.

>>29432287
>No one is buying pot from their drug dealer with XMR.
I know there's at least one

>>29432287
https://www.federalreserve.gov/releases/h6/current/

What's a good exchange like probit, where I can trade in and out of currencies, which supports XMR? I know it kills the anonymity to be in an exchange, but I want to grow my stack by riding the crab! I have such little xmr, and it needs to be fed and grow with crab meat.

>>29432691
kraken is alright

>>29432731

I'll do it then

>>29432287
Didn't read, buying more
>>29432303
Can't wait to fud this

>>29432303
fully. erect.

>>29432287
>HOW? What's your vision for how speculation will happen?
Monero is the only privacy by default cryptocurrency, and we are entering an era where literally all public information is being used by governments against citizens.
>I've seen people say "The entirety of the black market will be in monero"
It's more like, the black market is a multi trillion dollar industry that will find its way into cryptocurrency.
>Do you expect that in 5 years we'll see news headlines saying "Bitcoin is unfit to be a currency;
yes.
>Do you expect a world when we'll be able to buy food and clothes with XMR?
Not within this decade, but within out lifetimes, yes. It's hard to predict the future, but digital currencies are on the horizon and the demand for private transactions will only grow over time.
>Do you think that's less likely than a world where it gets outlawed
Monero can't be banned. See: tor, torrents, Bitcoin. etc. You can't ban a p2p cryptocurrency, and if you think you can, then you will have to give me legal examples that back your claim up.
>price suppressed forever
Price suppression only works until it doesn't, which we believe will inevitably happen.
>simply forgot in the #200's market cap
lmao kill yourself demoralization nigger. There is no privacy crypto even close to Monero.

>>29431776
shouldn't I just buy Tari then?

>>29431516
The role of the Monero Core Team can often be a confusing topic, especially with the various leadership structures employed by other cryptocurrencies. As the technology for a completely trustless society is not yet a reality, all projects, even decentralized ones, benefit from having individuals that can carry out tasks that require trust. A quick example of this is owning a domain name (like getmonero.org) or maintaining servers (on which getmonero.org is hosted). Ultimately, there is not yet a way for a domain name to be owned by a decentralized community. It's in scenarios like this where the Core Team are able to work on bridging the decentralized world we are trying to bring about with the centralized reality in which we are currently living.

The responsibilities of the Core Team are as follows (in no particular order):

+ Act as primary trusted arbiters of the Forum Funding System on behalf of the community, so as to ensure the completion of all projects to the satisfaction of the community.
+ Manage the codebase of the Monero Project, which includes merging code on Github, keeping backups, and ensuring the safety, security, and free access of the code from any party.
+ Steward the general donation fund, and spending the Monero there on anything they see fit to further the Monero Project.
+ Act as trusted signers and distributors of reference clients for the Monero coin, and other related technologies.
+ Set a direction and vision for the Monero Project

In the event that the community deems the Core Team unworthy or lax in their duties, they are free to fork the project away from the current Core Team, as happened with thankful_for_today.
The Core Team does NOT equal Monero. In the event that one, or all of the Core Team goes rogue, we are to remember that Monero is a movement. A global initiative to further privacy globally, and provide real, fungible, digital money for everyone. This can happen even without the presence of the Core Team.

>>29433231
It's not out yet and will be merge mined with XMR, so you might as well support the network and mine for both.

>>29432263
> built in Rust
lmao my sides, why would they switch from C? I can't find their justification anywhere.
Everything I've tried to write in Rust ran into problems that stemmed from Rust itself, not from me. Like panics coming directly from their network library and me being unable to disable them, which realistically has probably happened in this project. Rust is such a young language, it's hard to code anything even slightly large on it.

>>29431455
>>29431527
>>29431776
>>29431188
Just ignore this pajeet, he comes in every thread shilling his shitcoin. It's clearly not some naive newfag, otherwise he wouldn't have brought 0xMR.
I don't know why he shills it though, because even if people wanted to buy it, they probably wouldn't be able to find it anywhere anyway.

>>29431590
You guys really need to start ignoring that guy. Or mods need to ban him, surely this level of shilling for vaporware violates the "no advertisement" rule.

>>29431743
Basically this >>29431928 but also the fact that it has ZERO marketing. Even Apple "that acts professional" has shittons of marketing. XMR needs marketing , but people just don't want to admit or are downright hostile towards it (see the Tesla thing).
At this pace Monero WILL move down to top 30, 40, ... until people realize you need marketing AND fundamentals, in order to have adoption.

I know that it's already adopted in the dark net, but I'm talking about more than just drugs and CP.

>>29433370
thanks, so I'll just buy some when it's out, I'm already mining rvn

>>29430902
man are you even trying any more

>>29433536
IIRC they went with Rust because it's theoretically safer to develop in. I wouldn't be surprised if there's a hard fork at some point to move the codebase back over to C.
>>29433536
How would you recommend marketing XMR? The usual suspects won't touch it. Elon's never going to acknowledge XMR. No glowie-adjacent individual will ever agree to shill it.
You basically need to get a community funded Superbowl advertisement out for it, which is about $6,000,000 or in current value, 28,000 XMR

>>29433536
I'm no dev and I don't really care about cryptokitties on xmr
>it has ZERO marketing
People stay away from things that are heavily shilled, shilling is a usually signal of a countertrade opportunity. Apple is so big because it was first and has had a lot of help from government stifling competition.

http://xmr.is

Someone try it and report back if you got coinjacked

>>29431913
I think it's the stream of consciousness of a double digit IQ

>>29433903
>IIRC they went with Rust because it's theoretically safer to develop in.
Yeah that's usually the reason people do it.
>How would you recommend marketing XMR?
I'm a CS grad and I heard of Monero through two channels, Luke Smith and Mental Outlaw, both are technology channels. So I guess it's starting to have at least some marketing, people are at least talking about it.

Other than that I feel like some people actively AVOID mentioning XMR. Like in the famous NSA paper (or something) where they talked about "privacy coins" for 60 pages but not even a single mention to XMR.
Or like when Molymeme used to do roundtables discussing crypto and avoided mentioning XMR like the plague, like he was scared of doing it. I have NO IDEA why.

My personal position is that if you own a lot of an asset, you want people to know about it so they buy it and grow the price, obviously. But so many of these crypto channels that I've checked out just try to keep distance from Monero for some reason.

Anyway, to answer your question... Tech articles, people discussing it, threads on Reddit, Twitter, making it known that "It's the only crypto that is actually used as a currency" (which is true), just overall talking about it. People just need to know about it and they'll buy.

>>29426142
Use exodus for convenience / exchanging coins. But use the official monero wallet gui or cli to store most of your monero stack. cakewallet is good for mobile.

>>29434771
Anon suggested reaching out to retailers and asking them to start accepting xmr.

Mining question for the thread: I have one single spare GPU right now, earning ~$10/day mining ETH. Am I going to be better off using it to mine Monero or continuing to mine ETH?
>before you ask, yes I am turning a profit relative to electricity costs.

>>29434771
>Other than that I feel like some people actively AVOID mentioning XMR. Like in the famous NSA paper (or something) where they talked about "privacy coins" for 60 pages but not even a single mention to XMR.
NSA knows that would Streisand it right to the fucking moon if they admitted they couldn't crack it. That indicates Molymeme is on their side.

>>29432303
>all testnet still
Interesting, but not yet.

>>29434966
seconding this. also if you make transaction with people (craigslist) you can always try to get them to accept monero for goods. sounds lame but you could give them a premium over current market price. If the are young / into tech, they might agree.

>>29434771
these generals serve exactly the purpose you are seeking. Stop being a fag and help out noobies and spread the gospel here or on social media. Monero is grassroots so its up to us to help people find it.
whining about the price not being good isn't helping anyone, especially when we are trying to teach people about fungibility and the importance of monero's features such as tail emission.

Wen MoneroBay or Monerozon?

>AAAHHHH XMR PRICE GOING DOWN

>>29435322
Thanks for the idea

>>29435035
Monero mining uses CPU not GPU

>>29435498
Wait, really?

>>29435578
Yes

>>29435578
Yes

>>29435578
Yes, they specifically try to avoid going the way of ASIC centralization by picking more precise algos instead of more voluminous ones.

>>29435578
RandomX is a Proof Of Work algorithm developed by Monero contributors and adopted by Monero from release 0.15.
This innovative POW is optimized for CPUs and it's based on execution of random code and other memory-heavy techniques. The goal is to discourage the use of specialized hardware (like ASICs) for mining Monero. RandomX was created with the intent of keeping mining decentralized and to create a more egalitarian distribution of the block rewards.
RandomX specifications and development can be found on the GitHub repository, while an article dedicated to RandomX made by the Outreach workgroup contains more information about the history of RandomX and its relation with Monero.
https://www.monerooutreach.org/stories/RandomX.html

>>29435498
One CPU, one vote.

>price still dumping
Excellent, I've been wanting to accumulate an additional unknown amount.

Who can give me 2 XMR? I need to try something

83E3ATpfcSZ3BsSstNFgWrivgrZ6FoT7b8G4QSJJ4EAT6gHxjJc1xPSjc4NWdnQkfv4CggyuqyuiYf1aPjRXryaJ1j4b5vj

>>29435483
Consider giving 5% of your profits to the Monero dev team and I'll be your first customer. Also, this would entitle you to 3 (three) kisses from Monero Chan.

>>29436031
BEGGAR!!!!!!!!!!! LOOOOOOOOOOL!!!!!!!!

>>29435736
Ha ha dual socket Xeon go brrrrrrrrrr.

>>29435322
It's called White House Market
Though if you mean a clearnet marketplace, the issue is that Monero isn't very good at escrow so it'll be just as full of scammers as eBay but without a central authority to swing its dick and force-drain your account of funds if you sell bullshit.

>>29436031
Sent :)

>>29432231
>>29432263
>>29432303
Tari is not a real eth competitor. They don't support dapps, only issuing tokens. Read their documentation, they're explicitly not planning on it being a platform for building defi apps, etc. but instead as a way to distribute things like loyalty rewards (like, for stores), in-game currency, etc.

>>29436116
Im not begging im asking for it. You guys have much more than that

>>29436190
From the FAQ:
>What sets Tari apart from decentralized application protocol projects? Why not use an existing protocol?
>There are many blockchain protocols that currently, or plan to support some form of digital assets. However, many of these protocols also support the development of decentralized applications. Due to the many trade-offs involved, we think it’s harder to build a scalable, decentralized applications focused protocol, than a protocol that focuses only on digital assets. We also think that protocols that will ultimately change how our world works will combine great technology and a great go-to-market strategy.

>What are specific use cases for the Tari protocol?
>The Tari protocol is being built for a specific use: to facilitate the issuance, management and transfer of digital assets. Digital assets include: tickets, loyalty points, in-game items, and crypto-native assets like CryptoKitties.

>>29435789
>tfw xmr is so private you don't even know how much you own

>>29436031
>gimme free money
How about you suck nigger dick for it instead

>>29436226
Kill yourself

>>29436031
You better learn to use testnet kiddo

>>29436626
>>29436586
>>29436568
Ok im sorry.. I'm just fucked

>>29436043
lol I was half kidding. A couple of months ago I really wanted to start an XMR gambling site like Bustabit though.

>>29432287
Cash will eventually be phased out. It's already happened in China, and is well on its way in China as well. All payments will be digital in the future, either through current solutions (Paypal, venmo, alipay, wechat, etc.) or through government-issued cryptocurrencies (DCEP). By that point, yes, people will be paying their local dealers in Monero.

>>29436178
>Monero isn't very good at escrow
Why not, transactions too fast?

>>29436031
The testnet is an alternative Monero block chain, to be used for testing. Testnet coins are separate and distinct from actual monero, and are never supposed to have any value. This allows application developers or wallet testers to experiment, without having to use real monero or worrying about breaking the main chain.
You can connect and help the testing in the network by still using the your own mainnet daemon and official wallet. You can start syncing with the testnet daemon and wallet by using, on CLI
./monerod --testnet
and
./monero-wallet-cli --testnet
There are other options you can use when regarding testnet, and you can check them out using.
./monerod --help

>>29436787
A clear net Monero only market would be nice, though. I would use it for sure. No KYC of course.

>>29436863
Monero's privacy also means you really do a three-party exchange.

How quick do crypto markets react to news stories? e.g. the story yesterday about it being illegal to not disclose your cryptocurrency holdings. if that were going to contribute to monero being tanked, would it have already happened by now?

I think Monero probably has the widest distribution of coins in crypto. This makes the market cap look low but in the long term means more people can get in at a good price. In the short term having one or a few large holders is good for controlling price action and motivating coordinated promotion but Monero is putting down deep organic roots. Plebs might be happy to ride a whale's coat tails by holding a miniscule fraction of some scamtoken but the real movers and shakers of tomorrow want a real stake in something they can help grow.

also, what apps/programs/websites do you use for managing your bitcoin portfolio? need things like graphing multiple currencies at the same time

>>29437028
*you really can't do

>>29434771
Monero has a fightclub-type element in it. It's very nature demands a kind of secrecy. Ideally, none of us should even be talking about it on a public site like this.

>>29437096
If anything that would make Monero pump, as it's the only currency you can lie about not holding without ever being proven wrong.

>>29437170
So based

hey, is there swap for crypto coin funnel into monero avoid tax on crypto exchange?

>>29430368
I like monero, but it's never going to overtake BTC unless there is a hard problem that BTC cannot fulfil. Otherwise it will always be relegated to back of the schoolbus for shoddier transactions.

I have an old friend who has been a [REDACTED] since forever, meaning Monero adoption would be very interesting for him. I messaged him after not having spoken in a while, "Heard about Monero yet?" He hadn't. I explained it in one sentece. "100% private digital currency. The real deal."

He just responded, "I'm in."

>>29432287 doesn't know anything about how the global drug market functions. Institutional investment is JUST NOW flooding into bitcoin, despite it being the boomer rock of the future. You need to realize that the global black market is much more decentralized than any regulated market. Sure there's always a cartel at the top but the power structure and supply chain are incredibly fragmented across the globe.
At the end of the day, the drug market is driven by PARANOID MIDDLEMEN, the kind of people who make enough money to justify risking their freedom, but not enough money that they can quit worrying about losing that freedom.

They're paranoid for a reason. They stand to lose the most from getting caught, because they lack the support network of the cartels (the drug world's equivalent of the Jewish Elite). And just like boomers, they are TECHNOLOGICALLY ILLITERATE AND SLOW TO ACCEPT CHANGES.

When you see these boomers losing their shit over bitcoin, don't you want to scream at them that this is nothing new? Isn't it almost impossible to believe that it took them this long to "understand" what they're looking at? Well start believing it. Don't sleep on the retarded uncertainty of Norman's feeble brain, and DEFINITELY don't sleep on the inherent and timeless value of financial privacy.

BTC is something special, we can all agree on that. Most of you have been in agreement on for YEARS, and the rest of the world is just catching on. Think about what we're NOW agreeing on: that BTC cannot be used for its proposed use case. Ironically, a large portion of this normie hype is driven by the "BTC is totally private! omg!" meme. Look alive, Chads.

>>29437396
>unless there is a hard problem that BTC cannot fulfil
Like being fungible?

I'm in the [unknown amount] club of Monero and love it, and love these generals, but can people please stop shitting them up with the same copy pastas every time?

>>29437396
That hard problem has already down itself, fungibility.

>>29437447
Extremely high IQ post

>>29437534
*shown itself

is it worth mining xmr on my PC?
amd ryzen 5 2600 3.4ghz

what's with he viruses on the wallet downloads eh?

>>29437396
>unless there is a hard problem that BTC cannot fulfil
Uh...

I do need help..

>>29437377
someone answer please.

>>29437170
yeah i think people forget how manipulated crypto markets are. no one cares about fair launches anymore because most people joined after icos became the standard for launching coins and everyone is used to there being huge amounts of supply held by devs/whales. monero (or as it was originally called, bitmonero) was launched old school style with no premine to whoever was around in 2014. there was also massive inflation initially which led to lots of people dumping but has since led to a more equitable wealth distribution now. this means that it is harder to manipulate for the 50% per day price action people expect from centrally-coordinated projects like bnb that have big treasuries to pump volumes.

>>29437779
sideshift.ai

>>29437692
I see your Internet is still up. You probably didn't download the right version, try again please.

New to crypto and have a question
Could I essentially use monero to break any trail I have with BTC? It looks like with crypto exchange I could
>purchase btc
>transfer to new 1 use wallet
>from 1 use wallet to exchange
>from exchange to monero
And then I could just let it sit there or bring it to my actual main wallet and let the BTC appreciate there. I do plan on using monero too and not just as a middle man

>>29437993
The core wallet is clean. If you’re trying to install miners, mining soda and are is on virus lists

>>29438165
You can wash BTC with Monero but as Monero gains traction fewer people will want to give you theirs for BTC

>>29437779
Hey anon, you can swap on localmonero. I've had success recently. Sifeshift.ai fees are too high and it's being obviously shilled here

Red pill me on monero. Can you actually use it to buy useful shit? I dont give a fuck about drugs, I want a credit card substitute.

>>29438262
Then I better get that done now rather then later.
Any tips on keeping anonymity? Fuck taxes.

>>29438165
yeah so long as you don't have any kyc information attached to your wallets then your bitcoin wallets you should be good in 99% of cases.

>>29437447
Holy shit based

>>29438193
>>29437692
The core wallet has a built in miner for solo mining and gets flagged by Windows. You need to create a folder specifically exempt from virus scanning to put it in.

Is it really a good thing that we can't tell how much people own?
It sounds like a dumb question but what I mean is like, we can't know if someone owns 90% of all Monero. For all we know, there's some huge whale with 15 million XMR controlling the price.

A big part of our society is knowing how great exactly is the inequality (i.e. knowing that the 1% owns 50% of all assets and stuff of the sort).
A big part of bitcoin is knowing exactly that the FBI doesn't own enough to tank the price if they want, or that Tesla does own a lot so they have a good reason to care about having the price stay high. But for Monero this is literally impossible, because you can't tell how much money people have.
Is this really desirable? I've never seen anyone question this.

>>29437447
>I have an old friend who has been a [REDACTED] since forever, meaning Monero adoption would be very interesting for him. I messaged him after not having spoken in a while, "Heard about Monero yet?" He hadn't. I explained it in one sentece. "100% private digital currency. The real deal."
>He just responded, "I'm in."
based.

>>29438277
>>29437850
Thank you, no tax will be had for 2021

>>29438499
Unfortunately, as I am just entering this market and first tried out purchasing some through some kyc site recommended to me

>>29438718
don't admit to not paying taxes online

>>29437447
>I have an old friend who has been a [REDACTED] since forever, meaning Monero adoption would be very interesting for him. I messaged him after not having spoken in a while, "Heard about Monero yet?" He hadn't. I explained it in one sentece. "100% private digital currency. The real deal."
>
>He just responded, "I'm in."
I need an illustrated Apu version of this exchange.

>>29438677
Holdings of any material tends to follow the pareto distribution. I have a feeling that that distribution is replicated regardless of what the material is, or how private it is.

>>29430368
Where can I trade XMR with other Cryptos that isn't a KYC KEK like Kraken. KYC kills the whole fucking point of trading anon cryptos. If I need a VPN, sure have at it, but KYC sites like Kraken can take a fucking hike.

>>29432287
>And then talk about how pedophiles use it to buy CP?

Don't forget drug dealers and terrorists, my man. The three horsemen of internet regulation.

>>29438773
im a little confused at what you are saying, so let me clarify:
1. you bought bitcoin.
2. you sent bitcoin to a private wallet you own off of the exchange.
3 you are thinking about sending Bitcoin to a coinswap service, such as sideshift, which will convert it to Monero.
is this correct?

>>29438973
if you're a swing trader, well, don't be a swing trader. But there are decentralized solutions such as Bisq, or you can grab some on local monero (You can exchange eth, ltc, btc, etc on local monero with escrow)

>>29432389
>the NSA released a document outlining how privacy cryptos were a threat

Pls find it

>>29438418
Merchants of all kinds have come to value the financial privacy that Monero brings. Below is a list of the merchants that we know of that currently accept Monero for their goods and services.
https://www.getmonero.org/community/merchants/

>>29439014
Yeah, and then sending it to another private BTC wallet with no link to the original wallet that does have NYC info since I didn’t know better at the time.

>>29439183
great, sounds like you thought this through well anon.
yes, if you create a brand new bitcoin wallet with no connection to your original wallet, then you can use that as your burner wallet which you can funnel your KYC Bitcoin to by means of Monero (KYC Bitcoin -> Monero -> Burner Wallet Bitcoin). You can later funnel funds back through Monero if you so choose.
Just be mindful of timing analysis -- If you own a specific amount of Bitcoin, say 69, and you were to send that through Monero, and then immediately send that to your kyc wallet, the exchange would could possibly connect you to the original wallet, especially if these payments were reoccurring. So you need to be mindful of metadata like that.

>>29432465
It's you, isn't it.
You're the one.

>>29433127
>You can't ban a p2p cryptocurrency, and if you think you can, then you will have to give me legal examples that back your claim up.

Don't underestimate these government faggots. They already have a hardon for banning encryption. Remember, cryptography used to be a military tool. It's so powerful it can subvert the power of governments and armed forces. They literally do not think ordinary citizens should have access to this.

Undeneath it all lies the battle for computing freedom. Remember that autistic guy RMS? He was right. Can you actually run monero software? Can you run bittorrent, tor? You can now, because computing is free. Governments the world over would very much enjoy reducing computers to radio devices though. Devices that only run software that they approve. Obviously monero is out of that set. Any dumbass can download a compiler and start their own software or even make their own shitcoin with nothing but a laptop. Govs though can legally require computer hardware manufacturers to implement these resteictions. Manufacturing hardware costs billions, they're easy to attack just like ISPs.

We'll never be free until we can literally make computers at home.

>>29439548
is it also important to make sure you're generating a new xmr subaddress every time you go from btc > exchange > your xmr wallet?

>>29436190
>>29436327
Yea I know, hence why I said >>29433943
>I don't really care about cryptokitties on xmr. And I don't really care about "smart contracts/dapps/web3.0" either, those are just buzzwords shills throw around to dump their bags noobs. The only use case for eth after all these years is shitcoin ponzis/ shitcoin dexes, and cryptokitties. And nothing in crypto is truly decentralized we just put our trust in the code and devs.

>>29440064
my formatting lol you know what I meant

>>29437276
Stupid. The more its talked agout, the more problems will be pointed out and the better it will become by improving. This is how crypto eorks, it needs to be plubished in whole to be scrutinized by the world. only the keys remain secret. if it survives the onslaught, it must be good

I know we're not here to speculate but wtf is this

>>29439548
Yeah I’ve been thinking of strategically breaking things up by making them irregular amounts but irregular times should help too.

>>29439832
yeah that's a great point.
it's not the end of the world if you forget to do this step, but if ever send xmr off of a kyc exchange in the future to an address you have previously used in a Bitcoin washing transaction, then it is possible that metadata from those prior transactions can loosely connect your ownership to the KYC wallet.
It's honestly why just holding Monero is the best way to avoid this. Anytime you exit Monero you open yourself up to surveillance, and if you are a big enough target, then the governments will have greater odds of tracking you if you use transparent ledgers frequently.
>>29439723
> They already have a hardon for banning encryption
Encryption has largely won in the legal battlefield.
Anyways, it's not that I disagree with any of your post. I do agree with a lot of it, actually. It's just that because of your scenario, Monero will become all the more valuable. And if it isn't Monero, then it will be an even more perfect type of digital cash. Monero is clearly our best chance right now, and that is why I am a big supporter of it.

>>29437534
>>29437490
OK, but what value is fungibility that will trump that consensus/support of BTC? People aren't going to just go 'damn we need fungibility for buying my yeezys, better go in on monero'.

>>29439832
Not really

>>29438677
Yes, it's a good thing.

>>29439043
hey it's the only way to grow a small stack for me. Can't buy in with fiat. gotta trade what has been mined.

>>29430368
how about wownero?

>>29440463
do you understand what fungibility is? no one wants dirty coins, as people realize this problem exists they will naturally look for a fungible alternative.

>>29439144
>all these hosting setvices

Based.

>>29440609
you could maybe try getting a job

>>29440463
>we have received your BTC for payment of size 10.5 Yeezy 350
>After further analysis we have identified your BTC has been involved with illegal activity / wrong think
>We will freeze this payment and hand it over to the authorities for investigation, please finish paying your bill for the shoes

>>29440374
Bitcoin shitting the bed

>>29432258
Yes

>>29441146
>After further analysis we have identified your
If they can do this with fiat, which they can but don't what makes you think they'll do it with BTC. The reason is that once you trade a value to someone else that you got through crime, that money is different. You're basically banking on that not only will people go after criminals but also victims of their profits like stores, random retailers etc. It's fucking retarded and serves literally no purpose or gain.

>>29440435
>Encryption has largely won in the legal battlefield.

On the US. To this day. They keep fucking trying. They try everything. From hidden obtuse wording to sneaking it ito other unrelated laws. And then there's australia, some kind of legal test site for other fvey. Companies already obligated there to compromise encryption and send malware to targets.

You should see judges in other countries. They think they're literally gods and don't react well when outplayed by encryption. "What do you mean you cant comply with my order?" followed by angry indignant sentencing as if they're nations imposing sanctions. Takes weeks for it to be overturned. Judges literally foaming at the mouth when faced with something simple like whatsapp end-to-end encryption.

>>29441626
>which they can but don't
yes they do retard try spending counterfeit or stolen money you'll get fucking raped

>>29437447
based

Got my refund today and there's a huge dip. I'm so hard right now.

>>29441146
There goes all yeezy sales lmao.

>>29438973
>Where can I trade XMR with other Cryptos that isn't a KYC
TradeOgre.com

>>29440463
>OK, but what value is fungibility
What world do you live in that every single human being is ok with dealing in a transparent ledger? The value of privacy and fungibility is in everyone that does something considered "incorrect" (because tax havens are not necessarily illegal).
By the way, there has been screenshots of Chain Analysis update and it literally puts a risk factor on EVERY bitcoin out there, including yours... I hope you got it from a known and safe place, anon...

>>29438677
To give this aspect up is to sacrifice privacy. I won't use Monero if it stops being private.