/biz/ - Business & Finance

>>29739444
Its really the best crypto It should be number 1 on marketcap. Its what bitcoin wishes it was.

>>29739444
monero is indeed based much better money than bitcoin.
but i would never invest in it when i have bitcoin.
what exactly do you want crypto to do for you? once you answer that you can pick your coin.

>>29740147
nah, bitcoin is way better at what it does.
monero is just better at buying drugs.

>>29740325
>bitcoin is way better at what it does
in what way?

>>29740234
>>29740325
Monero is better than bitcoin at everything bitcoin is trying to be. If you want a digital gold/store of wealth, why wouldn't you want it to be private and fungible? Keeping your wealth private is incredibly basic.

>>29740442
every way

>>29740458
apparently not
you people ranting about bitcoin not being private because it is fully auditable, but when i show you an address i used you can't tell how much btc i have and on what addresses.

bitcoin is anonymous system. and guesswork is awesome but does not meet "beyond reasonable doubt" and won't be admissible in court. you think you know things but in reality you are guessing because you have no way of knowing if someone possesses a secret or not.

>>29740490
BTC is literally garbage that is keep alive by the network effect. High fees, slow as fuck, not private.

>>29740618
>bitcoin is anonymous system. and guesswork is awesome but does not meet "beyond reasonable doubt" and won't be admissible in court.
The DEA was able to use it and other collected evidence to nab several dealers on SR before it was shut down.

>>29740652
maybe one day you will understand what bitcoin is and why it is valued magnitudes higher than any shitcoin.

>>29740700
yes they need other evidence because there is no way to prove shit from blockchain unless you reuse your addresses like a brainlet.

>>29740700
bitcoin can be totally traced, it's worse for that purpose than a credit card

>>29740490
Wow. You convinced me with your unparalleled rhetoric. Good luck with your tainted bitcoins. Bitcoin is not fungible and there is no counter-argument to it.

>>29740707
Maybe one day you'll be able to see that bitcoin failed to be what is was originally designed to be, which was digital cash. BTC will be replaced as the top currency by something newer, but I think XMR deserves a place in the top 3 if not number one.

It is the only coin I would be my life on.

>>29740618
>bitcoin is anonymous system. and guesswork is awesome but does not meet "beyond reasonable doubt" and won't be admissible in court.
lmao how do you think darknet markets and vendors get taken down?
Darkmarket recently got busted BECAUSE they were one of the few markets still accepting bitcoin

>>29740746
sure hope you use a vpn+tor when broadcasting transactions buddy or else your BTC address can be linked to your IP address ;)

>>29740770
indeed and that is not a bad thing in my opinion.
it's private enough also bitcoin has coinjoin with wasabi if you really want to make it hard to track it. i would not use it personally for my purposes it only poses risk.

>>29740800
>lmao how do you think darknet markets and vendors get taken down?
by a lot of traditional detective work and finally making them admit shit and rat on each other. you know like usual police work.

>>29740746
If you are making transactions that Uncle Sam or whatever government doesn't want you to do, they will be able to use blockchain analysis to find out which wallets are yours. Read some of the court cases related to DNMs. There is a reason why many sellers on DNMs only accept Monero now.

that is one option. there are also services that broadcast for you and don't keep a log.

>>29740828
>it's private enough

>>29740897
they could or they couldn't but they can't prove shit that's my point. nobody can objectively prove you know a secret. it's impossible.

>>29740955
>they could or they couldn't but they can't prove shit that's my point. nobody can objectively prove you know a secret. it's impossible.
They can prove it enough to get a conviction from a jury. Read the court cases, particularly those from the whole SR debacle.
>it's private enough
The guys risking years behind bars say otherwise, hence why BTC is falling out of favor. Let me ask you this. Are you confident enough in BTC's privacy measures that you would launder several million through it? Or not pay your taxes on trade profits?

I like threads like this, being the best BTC is where XMR really shines.

Now all we need are atomic swaps, and we can even save the BTC holders from their own tainted coins.

>>29741261
>They can prove it enough to get a conviction from a jury.
any decent lawyer would tear that apart in a minute. no.
and also like i said i don't give a fuck about criminals not using btc. in fact that is bad pr.
no i am extremely bullish on bitcoin for unrelated reasons. and it's private enough for a private person that's the point.

unless you can tell me how much btc i have and where... here is an address i used for showcasing a point.
1Bz8gDNtwdVWNjsHkXc16JoHucJxrqpPW

>>29740955
They did a pretty good job rounding up the guys over at SR and got convictions. Read the court evidence presented. Blockchain analysis was used and helped build the case.
>it's private enough
Are you willing to use only BTC to launder money or evade taxes anon? Do you trust their privacy protection on that level? Because in almost every thread here, when the topic or taxes come up, XMR is thrown around as a solution, not BTC.

>>29740872
the latest bust was because of a bitcoin opsec mistake

>>29741324
it wouldn't be $200 if that was true m8.
it would be $50k.
also no you can't. atomic swaps and dexes just pose more risk of getting a tainted coin.

>>29739444
It's funny because Monero is literally just a straight upgrade from Bitcoin in everyway. Not even a matter of weighing different downsides etc

>>29741324
when are those coming? Some anon said should be end of this year. Any truth to that?

the only use case for this is people buying illicit things, which isnt a very large demo

>>29741420
420 check

>>29739444
Montero isn't anonymous, you want anonymous you want SCRT

>>29741385
>Blockchain analysis was used and helped build the case.
and the difference escapes you completely between proof and help?
>Are you willing to use only BTC to launder money or evade taxes anon?
that's not my purpose lol. but it is definitely doable. yes bitcoin is private enough for these purposes. xmr doesn't have good lawful fiat off-ramps. an other reason i would never trade my btc for xmr specifically.

>>29741501
thank you for doing the needful, sir

>>29740147
Technical superiority and market dominance have little to nothing to do with each other when normies are involved.

t. Linux user

>>29741470
that's what everyone said about btc 10 years ago, faggot

>>29741569
so they were wrong

>>29741420
yes and yet >>29741416
face it folks. tech is no basis for valuation in crypto.

also moneros lack of smart contract capability does hurt it a lot. bitcoin was born atomic swap capable for example and moreo is still kicking that can down the road.

>>29741569
69 check

>>29741356
>1Bz8gDNtwdVWNjsHkXc16JoHucJxrqpPW
I'm not law enforcement nor do I have the resources to watch you make transactions from that wallet over a period of months and years in order to build a case.
>and also like i said i don't give a fuck about criminals not using btc. in fact that is bad pr.
Yeah totally anon. Not like criminal use is what put BTC on the map, proved the concept, and popularized the idea. Jesus you maxis are tiring. And you better hope that the current political situation doesn't eventually turn you into a criminal either anon. Wouldn't want your wallet address getting blacklisted.

>>29741553
i wouldn't call linux superior to anything. i used it for years and it still haunts me.

>>29741517
i have used kraken to sell and buy XMR many times over the years, very large sums too and never have had any problems getting the money to my bank

>>29741608
>I'm not law enforcement nor do I have the resources to watch you make transactions from that wallet over a period of months and years in order to build a case.
so it's private enough for a private person. that was my point. it's anonymous because the system works without providing identity. and keys are not really identity. they are used as identity but they don't identify a person. you can't tell how many knows them or how they were transferred or lost.

Bitcoin is HTTP.
Monero is HTTPS.

I remember a time when HTTPS was only used when you're about to enter your credit card info, etc. Now it's used almost everywhere. There was no formal switch; it just happened as people realized the value of privacy. The same will happen with Bitcoin & Monero. Monero is the future.

>>29740707
>maybe one day you will understand what bitcoin is and why it is valued magnitudes higher than any shitcoin.
>immediately after he failed to explain what it supposedly does
top kek
the absolute STATE of maxipads

>>29739444
imagine thinking that a growing supply is a good thing

>>29741608
>Not like criminal use is what put BTC on the map, proved the concept, and popularized the idea.
hope not. i'm pretty sure it was the mystery of satoshi and how the trove and the hard cap moved peoples imagination.

>>29741735
Linear inflation > static supply > geometric inflation.

>>29741727
>Wouldn't want your wallet address getting blacklisted.
i didn't even try i thought that was obvious.
who the fuck doesn't know what bitcoin does in 2021? even boomers starting to get it.

>>29740700
>using 2014 DN markets and antiquated OPSEC practices as an example for why Bitcoin isn’t secure
Let’s use a more modern example. Interpol seized the servers for and arrested an admin of Wall Street Market. How did they find him? He used his dirty coins to buy a videogame, without using any obfuscating services. Any time bitcoin is used to trace you to your real identity, it’s user error. Not to say that monero doesn’t make things MUCH easier to anonymize through churning.

>>29741735
Imagine knowing so little about Monero that you repeat red herrings which serves only to announce your ignorance. The monero inflation rate is well below the Bitcoin inflation rate, and will continue to be for decades. Monero inflation asymptotically approaches zero.

>>29741416
BTC is overshilled, BTC has failed as cryptocurrency, BTC is now cryptoasset and is a bubble.
Once the unsustainability of the mining process and the scalability reaches its threshold, people will switch to other concept.
Monero is here to stay, and no one can disturb it.

>>29741850
>BTC is overshilled
lol it's pretty much the only coin that doesn't have (need) a marketing department.

>>29741517
>and the difference escapes you completely between proof and help?
If I'm risking life or even just a few years in prison, I want the feds to have as little as possible.
>that's not my purpose lol. but it is definitely doable
If you really thought that you wouldn't be paying taxes. I'm not gonna ask you to self-incriminate, but we both know that you pay your taxes.
>xmr doesn't have good lawful fiat off-ramps
True, but then again dirty money should not come off using a KYC'd offramp anyways. It needs to be washed offline. The method that is most reliable is XMR -> bullion -> local coin or pawn shop or craigslist/ebay -> fiat or good/service

Obviously buying the good directly with XMR is preferred, with using the bullion to buy the good as a second option. Try to keep out of USD and never deposit large amounts into a bank.

>>29741909
>If I'm risking life or even just a few years in prison, I want the feds to have as little as possible.
i'm not risking anything
>If you really thought that you wouldn't be paying taxes.
i don't pay taxes on my bitcoin gains obviously

>>29741767
>source: my high school diploma
>monero inflation rate is well below the Bitcoin inflation rate
bitcoin velocity is literally decreasing. imagine thinking that a growing supply is more deflationary

>>29741808
see
>>29741943

>>29741745
>hope not.
I got some bad news anon. Normies don't know who Satoshi is, but they do know what Silk Road was.

>>29741800
>le heckin peer to peer electronic cash like the white paper says
Well it failed at that big time, no surprises there considering it's a non fungible surveillance coin.
>le heckin store of value
It's a speculative asset that dropped 10% today and will burn the majority of people who buy in now until the next peak.
So tell me, what is it that this makes this surveillance coin valuable other than its (fading) network effect?
Over twice the value of what it was at its 2017 bullrun peak and only 2/3 the dominance, soon it won't even have that to fall back on.

>>29741909
you also forget how the lightning network makes it hard to impossible to track payments with bitcoin using blockchain analysis.

when it comes to buying stuff it needs to be mentioned because in bitcoin on-chain is not for these kind of payments.

>>29741943
It's not about "more deflationary," it's about miner incentives. What happens when the last bitcoin is mined? Nobody has any incentive to continue mining except by continually raising fees on transactions, so either the network hash rate will fall off a cliff and transactions will take forever to process, or fees will go through the roof. It'll destroy the value of BTC as a currency, although not as a hyper-illiquid asset.

>>29742006
doubt that very much.
>>29742007
lol no

>>29740325
What does bitcoin do?

>>29742101
retirement in 5 years and generational wealth in 10 years. unless you are dumb.
also it's a very asymmetric bet if you just want to hedge against inflation with only 1-2% exposure you are completely hedged against real inflation.

>>29742067
>lol no haha i t-totally c-could b-but i w-wont
>btw l-lightning n-network...
OH NO NO NO HAHAHAHAHAHA he really bought king shitcoin just because reddit told him to.

I just realized how bullish it is for XMR that most people are still retarded and uninformed. The question is if I will be able to hold onto my unknown amount until retards become aware of it and understand it.

Just let the guy FUD Monero. He is probably not done accumulating yet and massively butthurt XMR is gaining rapidly in sats.

>>29740700
If you have two bitcoin addresses it's really easy to prove whether one sent bitcoin to the other. If you only have one, it's impossible to prove significance of any of its transactions. You would have to enumerate every possible path, which quickly becomes unwieldy even for a small number of transactions.

It's like the difference between finding the path through a maze when you only know where the entrance is, vs. proving that there is or isn't a path between a chosen entrance and exit. In the case is the silk road admins, they found the people first, then the wallets, and used it to prove money changed hands. They didn't start with a wallet and find all the people it transacted to.

>>29741593
and they were wrong about xmr too.

>>29741594
btc was not born atomic swap capable, brainlet. it's just that every other coin that came afterwards forked the btc code and uses the same secp256k1/ecdsa elliptic curve, whereas monero uses Ed25519/EdDSA, making atomic swaps a lot more difficult. But the geniuses of the xmr community made it happen.

>>29742160
i understand your frustration you bet on a shitcoin that simply doesn't move while everyone is making mad gains. but stop projecting man it's pathetic.

i like monero a lot and if i'm ever forced to illegality by my retarded government i may use it as cash substitute. or an other privacy coin or just wasabi. whatever. but holding it for gains instead of btc is full retard.

>>29742306
>btc was not born atomic swap capable
it had script capable of verifying a hash from day 0. and that's all you need for an atomic swap. satoshi described this way before it had a name.

>>29741261
>Are you confident enough not to pay your taxes on trade profits?

This questions puts maxis' backs against the wall. Governments won't go down without a fight and they need taxes to keep the machine going.

>>29741802
>Any time bitcoin is used to trace you to your real identity, it’s user error.
Indeed, but XMR, as you stated, makes having bulletproof opsec discipline not as important. Which is important for less sophisticated and less intelligent criminals and normies alike. The admin of WSM, a major DNM, screwed up on his opsec. How does the average person who uses the same password for every website and app compare?
>>29741938
>i don't pay taxes on my bitcoin gains obviously
Good luck.
>i'm not risking anything
Anon, you aren't paying the feds their share. You are risking an audit and fines at minimum if they catch you.
>>29742067
>doubt that very much.
You are foolish enough to not report taxes on a coin with public ledger. I don't have high faith in your judgement.

>>29741553
cringe

>>29742307
>pr-project-t-ting
Simply do what you claimed you could and I'll stop dabbing on you.
I don't think you will though, because you can't.
Nice reddit spacing btw, maxipad.

>>29741553
>linux user
Okay, confirmed Monero is worst coin if Linux users like it.

>>29742306
atomic swap has nothing to do with ecdsa wtf are you smoking? you use a lock script that allows recipient to spend by revealing m for h(m). you do the same on the other chain ad the one holding the secret shall have longer lock time on his escrow. that's all you need.

>>29742156
>retirement in 5 years and generational wealth in 10 years. unless you are dumb.
Literally gambling that your shitcoin will let you escape wageslavery. Holy shit this coin is done.

>>29742384
>Good luck.
no luck needed i will pay my taxes when i cash out. hopefully by that day there will be clearer regulation. today the local version of the irs says contradictory and confusing things. but we also have an eu precedent where they ruled bitcoin is currency and i don't even have by current laws any need to pay capital gains on long term currency valuation only on day trading.

so i may never pay taxes on my btc gains. i certainly hope so.

>>29742444
it's not a gamble for me i already made it. now comes generational wealth.
if you know basic math it's literally stupid not to take the bitcoin bet.

>>29742355
>it had script capable of verifying a hash from day 0
dude, you're talking in such generic terms that it makes absolutely no sense.

>>29742427
btc/xmr atomic swaps has everything to do with the difference in elliptic curves. that's why it took so long for it to be developed.
https://eprint.iacr.org/2020/1126.pdf

>>29742637
that's what i said if you read back. it's moneros fault that it is so hard. see >>29741594
>also moneros lack of smart contract capability does hurt it a lot. bitcoin was born atomic swap capable for example and moreo is still kicking that can down the road.

>>29740325
Privacy, fees and transaction times xD

>>29742701
You must be trolling

>>29742789
it's the objective truth. all of bitcoins forks can do atomic swaps from day 0 basically. monero made it very hard to build on it with all the innovation.

>>29742701
it's not Monero's fault of anything. the CryptoNote/Monero core team decided to use a different elliptic curve than btc and all the other shitcoins out there using the same elliptic curve as btc.

Was it a mistake? I don't think so. What happens if secp256k1 was broken? Then XMR would be untouched. Does it make atomic swaps more difficult? Sure, but people eventually figured it out, and are developing it right now. It's not like it's an impossible task.

>>29742827
You're viewing it as the narrow minded brainlet that you are. How is all of the shitcoins using the same elliptic curve that enables atomic swaps innovation? If anything, a coin that can exist without the vulnerabilities of other coins is the true innovation.

>>29742756
bitcoin is a way to own wealth by your own right not being dependent on violence but on knowing a secret. it is the first trustless permissionless and secure but still publicly auditable byzantine fault tolerant distributed ledger in existence and also has a hard capped supply. now these properties seem trivial to copy but as history shows they are nigh impossible. tech is freely transferred consensus is not.

there are many reasons to be bullish on bitcoin buying coffee or weed is not particularly one of them. but it's still possible we will have that. they system is capable of a lot more privacy and more importantly it is capable of sporting side-chains based on audited smart contract templates with trustless permissionless unilateral exit after taproot. shared non-custodial liquidity pools basically allow ecosystems to flourish on top of bitcoin network that can be totally obfuscated to the outside world.

morons think we need a new coin for that but in reality privacy can be slapped on as needed.

>>29740325
>t. didn’t read the white paper
Faggot

>>29742914
>he CryptoNote/Monero core team decided to use a different elliptic curve than btc
that has nothing to do with any of what i'm talking about. two coins that can do atomic swap don't need to be signature compatible. don't even need to be in the same cryptographic family.

>>29742827
Hey cuckold, got salty and reported me for saying the truth? Now imagine when government does the same with your traceable bitcoins. Also fuck jannies. They are the only ones who get paid a known amount of Monero: 0.

>>29742977
>How is all of the shitcoins using the same elliptic curve that enables atomic swaps innovation?
has nothing to do with it. each chain can use it's own signature scheme. they don't need to be cross compatible at all. because that's only for spending.

>>29740707
I never will but money number go up so me buy more bitcoin

>>29743085
>Hey cuckold, got salty and reported me for saying the truth?
wtf are you smoking? if you got banned you were probably posting tranny porn.

>>29743128
that's the boomer way of doing it but it will work out for you probably.

>>29743027
Look I really appreciate you fudding Monero as I and many others still want to accumulate.

However this post made me doubt you're just universally fudding and actually believe what you're saying. If so I would highly recommend reading some papers on heuristics and machine learning guided chain analysis. Specifically that you only need to identify 3% of the blockchain of Bitcoin (or other open ledger projects) to heuristically identify every transaction, wallet and bitcoin to every person that ever used it.

As a fellow BTC holder I wouldn't want you to actually be arrested in case you legitimately didn't know this. Doesn't matter how much privacy you slap on it. If 3% of open ledger activity is out there it can be fully mapped out by modern techniques.

>>29742283
>It's like the difference between finding the path through a maze when you only know where the entrance is, vs. proving that there is or isn't a path between a chosen entrance and exit. In the case is the silk road admins, they found the people first, then the wallets, and used it to prove money changed hands. They didn't start with a wallet and find all the people it transacted to.
Yes but monero would have made that process much harder since the transactions are obfuscated as and the amounts exchanged hidden. A lot of people wouldn't be rotting in prison rn if XMR had been in use.
>>29742502
>no luck needed i will pay my taxes when i cash out.
There it is. If BTC is so private, why would you pay any taxes at all?
>so i may never pay taxes on my btc gains. i certainly hope so.
If the feds smell money, they'll try to take it. I wouldn't count on it anon. Only things certain in life are death and taxes.

>>29743077
i'm a dev i look at things a bit differently i read the whitepaper dozens of times. (it gets brought up in arguments all the time)
the whitepaper does a piss poor job at describing bitcoin protocol and differentiating it from any of it's forks or even litecoin.
bitcoin as a system already was a billion times more specific and different system upon the first release.

to me bitcoin was never the whitepaper to me the whitepaper is a childrens picture book about the adventures of a car as opposed to the full technical documentation of a real car and a working prototype (which is bitcoin)

>>29743266
>There it is. If BTC is so private, why would you pay any taxes at all?
because when the money ends up on my bank account i will have to account for it. what can i do i have some financial goals that require a sizeable sum to appear.
private banking is a bitch but it's not as private as crypto the irs get a report of everything it's just better service.

>>29743266
>Only things certain in life are death and taxes.
i get the sentiment...
but there is nothing certain about crypto taxes i recently read through 300 forum posts deicated to local law and crpyto tax and i feel dumber than before. people spent years to figure it out and in the end they coudln't.

>>29743406
we will agree to disagree. I appreciate you providing your insight/opinion regarding our favorite coins. I hope we all make it, anon

>>29743565
>because when the money ends up on my bank account
Just hold enough fiat cash to last you through the month. BTC, even though its outdated, will beat fiat. For bigger stuff, barter directly. Use the bullion method. Worse case convert to stablecoins and get one of those crypto credit cards.

>>29743565
open up a taxi company, escobar style.

>>29743782
Laundromat that only accepts XMR.

>>29739444
Oxen is a better bet fren. XMR is BTC to privacy coins.

>>29743027
>Privacy can be slapped on as needed
No, show that it can be. The past 5 years hoas shown that it cannot. Especially with darkmarket switching.

Also fellow XMRChads, only a higher price will convince maxis and normies. NOTHING ELSE, NOTHING.

So hoard and hold an unknown amount XMR NOT on an exchange. Get people in for the money, let them stay for the tech. The other way around DOES NOT WORK. Price comes first.

>>29740707
It's deprecated tech with a network effect. There is literally nothing special about it.

>>29739444
>monero: exists
>gets banned.
If you try and convert this into anything other than drugs or weapons in five years time you'll be arrested by interpol.

>>29744456
You can't be arrested if the government doesn't know you used Monero. That's the entire point of the coin. Nobody knows if you hold it or what you are doing with it.

>>29744456
Quite possibly the most bullish thing I can think of. Imagine a crypto that makes feds so mad they kill you on site for hodling it. Its like the government just rage quits after getting blown the fuck out.

>>29744728
>buying something
>completely anonymously
Impossible.

>>29744905
That is kinda why people are bullish on Monero. It's the only coin where that's actually possible for the first time.

>>29744857
>Its like the government just rage quits after getting blown the fuck out.
yes, that's exactly what they do, except to you, and then they find a pile of dead babies under your corpse, and old classmates suddenly remember you as a creep
then they just go back to finding the next patsy

>>29743658
indeed. and i love to learn about monero actually i am taken by the tech. it's just investment wise i'm pretty set on bitcoin. for now... who knows what i will see in 5 years.
>>29744357
wasabi try it!
>>29744424
you keep calling it a network effect but that is a piss poor way to explain the strongest distributed global consensus in existence.

>>29745250

Dude wasabi wants 0.1 BTC from me for coinjoin. Is there more cheaper way for that?

>>29740828

It doesn't make Bitcoin fungible on default.
It will just provide suspicions and maybe get you in trouble when trying to exchange it for some other shitcoin and a CEX will not let you move it in case your Beetcoin was involved in some illegal transaction.

Whereas your XMR was probably involved in some illegal shit, but noone will ever know.

>>29739444
monero can be tracked, exchange to 0xmonero asap

>>29745630
wat are you serious? rofl
>>29745827
bitcoin is just a better layer-1 for a divers and vast crypto ecosystem.
i don't believe we should have multiple root blockchains definitely not multiple pow chains.
every sidechain could have it's own rules a trustless permissionless exit to layer 1 and it's own rules and protocols.
my main issue with monero and the likes is they are trying to compete with this monster from the ground up instead of building on it. not gonna work.
mostly all shitcoins are just about the devs printing their own free money to buy bitcoin with. that's the purpose of alts in the end.
monero is one of the better ones out there. definitely should be in the top 10. it's a crazy world where bsv and bch was higher ranked market cap wise then monero. and fucking xrp and stellar lmao.

>>29746860
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
ANOTHER recent beatdown >>/biz/thread/S29537367

>>29739444
>Hey anon do you own these crypto things?
>Yes I own Monero mlady
>Oh so you are a pedophile drug addict... i gotta go

>>29747084
>monero can be tracked, exchange to 0xmonero asap
literally the best post to bump a monero thread twice. works every time

>>29740707
>>29740746
will actually post an argument or just treat everyone like they're worlds below you? This is usually the behavioural pattern of a fat loser neet that doesn't understand the shit he's blabbering about and got caught in a net of lies.

>>29747182
> "w-w-why? Yes"
Unzips foreskin
> "m-maybe ypu'd like a bowl of boiled eggs on the morrow m'lady?"

>>29747286
please explain your suggestion further

>>29747510
>40 posts by that ID
>hasn't said a single thing of value
He's either a brain dead maxipad or a fudding retard, either way he's not worth the time.

>>29747510
can't help you if you can't read or use logic.

all this late adopter cope. monero is a fine utility, but it like every altcoin will never be money, will never be a store of value, and as we've seen, will never keep its value against bitcoin long term

>>29747574
monero doesn't need to be fudded. the price action speaks volumes.
it all started however with you brainlets fudding and shitting on bitcoin.

>>29747542
>be monero holder
>see monero thread
>notice it's on page 9 or 10
>post 0xmonero bait
>generate instant response
>result: thread bumped twice

>>29747660

>>29747660
please don't summon me without cause
you didn't sound like the real motherfucker
but i can't take the time to analyze every byte under a microscope before responding

>>29747660

>not using catalog

ngmi

>>29747703

>>29747792
i think it was pretty clear that i'm a bitcoin maxi but to be so delusional about crypto is painful to watch.
crypto can't harm the banking system it's not so much competing with the banking system it's more of a way to opt out.
nothing stops the bankers from buying up all the supplies of any crypto that would actually be a threat to them. they could jerk the price any way they like and buy it all up for microscopic fraction of the derivative market.

>>29747658
>tries to argue fundamentals but doesn't understand them
>"it's obvious" "i could but i just don't want to" etc
>alternates between posting FUD on the fundamentals and "it's a really great project no lie bros I really like it but it's shit"
>gets called out on his 40 posts of retardation
>resorts to price action after getting BTFO on fundamentals
>doesn't understand that everybody else can see ever other moronic post he's made
Keep going desu
The more you post the more your position gets exposed

>>29740325
I will now, buy your coin

>>29747940
like i said if you can't read and comprehend then i can't help you.

>>29747762
chill, I reply with the copypasta whenever needed
just didn't want this thread to disappear

>>29748000
>doubling down on the vague evasions after you were specifically called out here >>29742007 and many other times
Kill yourself unironically

>>29740147
based

>>29747958
or don't who cares.
there is a reason why bitcoin is ranging between $45k and $60k here and most shitcoins are not.
it's not about the red herring of tech and utility altho bitcoin offers plenty. but it's a distraction.

>>29748024
oh ok, thank you
i can't watch all the time

>>29748052
what can i say the charts never lie. if you think you are smarter than the market i personally think you are dumb as fuck.

Monero is useless

>>29748129
You have mental issues. Stop trying to give us BTC holders a bad name. You have made more than 40 posts ffs.

If you are legit and not a fudder I highly suggest you actually do some research. You're lucky you already hold BTC. But you really need to educate yourself on how these things actually work or you might lose your "generational wealth" in 10 years time.

>>29747877
it's all tongue in cheek mate. you can keep yur btc, usd or whatever and so do I. this is not about winning, but about offering alternatives. btc and maximalists like you did/do a great job bringing crypto closer to mainstream.

>>29748237
wow that's unusually unbiased anon.

>>29748129
>what can i say the charts never lie.
STILL cannot justify his claims and has no idea what he's talking about
> if you think you are smarter than the market
Ah yes, make sure you *follow* the market, what could go wrong?
>i personally think you are dumb as fuck.
But you're a fucking retard
Make another 48 posts and maybe you'll manage to string some words together that could maybe be interpreted as a point.

>>29748270
>You have made more than 40 posts
i can make more
> this is not about winning, but about offering alternatives
i'm too old for that. i lost this naivety about a decade ago. not completely but mostly.
bitcoin will replace gold and demonetize it. that's all the revolution that's gonna happen for now.
i don't think crypto will change the world as fundamentally as we first thought.
and for my purposes that's fine.

>>29748387
you are literally way dumber than this guy >>29743128
how does that make you feel?

>>29748437
>bitcoin will replace gold

>>29748487
STILL evading
STILL a fucking retard
STILL making post after post and not saying anything at all

>>29748598
it will there is no reason it wouldn't. it will take a while tho. but the industry would like to get that stash for production so it makes sense.

>>29748611
i'm evading nothing i'm just pointing out the obvious. you don't get it because you are dumber than a fucking dog.

>>29748759
I've specifically pointed out claims that you made but STILL haven't addressed twice you brain dead downs syndrome faggot. And that's not getting into the many, many other BASELESS claims you've made in the 52 posts that you shit into this thread.
>you don't get it because you are dumber than a fucking dog.
Keep seething you literal and unironic retard. I'd tell you to stop playing dumb but I don't think you're playing. Over 1/3 of the posts in this thread are yours and there is not a single one of any worth in the lot.
The world will be a better place when you're dead.

>>29741662
All the Top500 supercomputers run Linux, sweetie

>>29749155
nah you are just buttmad because your pea brains don't get it.
>Over 1/3 of the posts in this thread are yours and there is not a single one of any worth in the lot.
projecting much?

>>29739444
Check'd
Monero is objectively the best crypto, why else do you think it went UP while everything else tanked?

>>29748759

You are shitting yourself, anon. Stop it, it's embarrasing.

>>29749710
STILL evading
STILL a fucking retard
STILL making post after post and not saying anything at all

>inflation good!
Big cringe, yikes

>>29749710
you're an idiot. i hope for your sake this is some big brained play to FUD bitcoin and you're not being genuine

>>29749866
hey i said everything i wanted to say. bitcoin will reign supreme and shitcoins are a bad investment even if they happen to pay out by some miracle.
it's not about the tech as i explained it's about human nature.
that all said bitcoin still has the superior tech roadmap to everything else.

making pasta

>>29749957
i don't get it. what do you thin i'm evading you cuck nugget? i answered all your questions.

>>29750453
Let's see what this literal subhuman retard considers answering questions
>>29742067
>lol no
STILL evading
STILL a fucking retard
STILL making post after post and not saying anything at all

>>29739444
Yeah if normies knew what the fuck they were doing Monero would be valued way way above what it is now. When the government literally has to stop exchanges selling it and over half of all darknet transactions are in Monero, and over a third of all crypto transactions in total are in Monero, that's such a huge bullish sign it's unreal
Literally 2014 BTC feel from Monero and it's barely $200

>>29740618
>bitcoin is anonymous system
kek

>>29750453
>cuck nugget

>>29749957
You seem like an unpleasant person. Is that the image you like to convey?

I will never again go for this trash that scammed everywhere on /biz/
just lost 25% of my portfolio
thank I take part in enq mining and alpha nets provide great income
but don’t trust this scam that they try to discuss here

>>29741441
Few months. There are like 3 different teams working on it right now. It's right around the corner.

>>29750699
>nnnnnoooooo you have to handle retards with kid gloves
back to >>>/r/eddit you fucking loser

>>29750549
okay you brainlet if you refuse to actually search for it
>Well it failed at that big time
no it does perfectly everything we need for it to do. this could take a few page long essay to enumerate but the most important part is >>29742156
>>29740618 (it's not surveillance coin that's retarded but it can be forensically examined to a degree especially if a connections are made from outside the network)
the dropped 10% after going up 1350% i will just ignore because it's dumb.
network effect thing was addressed >>29745250
>soon it won't even have that to fall back on
specualtion and projection ok who cares that's not a point
>Over twice the value of what it was at its 2017 bullrun
and all of it's bullruns were magnitudes higher we are way early in the cycle buy the dip you moron!

go be stupid somewhere else!

>>29750655
it is it doesn't require any identity to be attached to transactions of mining.
it's by definition an anonymous system.

>>29750765
this is so fucking funny i mean sure i'm rooting for you guys hell i may actually try it out if we get in a bear market ad i will have some junk btc i don't mind losing...

but the amount of brainstorming and engineering going into the simplest most trivial task in the cryptoshpere is ridiculous to me.

>>29748437
>bitcoin will replace gold and demonetize it
You absolute fucking brainlet lmao

>>29751053
it will happen. the reason for that is two fold.
1 bitcoin is an asymmetric bet so everyone with basic math skills will eventually take it.
2 gold is not going anywhere but down long term inflation adjusted and thus it does a piss poor job at what most people try to use it for.

at first people who are into the whole gold ethos will only hold a little bit of bitcoin to their gold so that they don't bleed out the ass against inflation. then they will hold less and less physical metal as it is slow and cumbersome illiquid while bitcoin travels with the speed of light super liquid impossible to counterfeit inexpensive to secure and unconfiscateable at border crossings and all that jazz.

>>29750916
>it’s by definition an anonymous system

>be me
>go on newegg
>buy a graphics card
>they now can associate my public key with my identity and know how much I own in btc
>shiggy diggy

Can I mine monero with gpu?

>>29750853
>no it does perfectly everything we need for it to do. this could take a few page long essay to enumerate but the most important part is
>>29742156
>retirement in 5 years and generational wealth in 10 years. unless you are dumb.
also it's a very asymmetric bet if you just want to hedge against inflation with only 1-2% exposure you are completely hedged against real inflation.
So lets see what this ""answer"" boils down to
>it would take too long to prove it but just trust bro
>but despite that question being about it a peer to peer electronic cash as it is called in the white paper i am going to ramble about electronic wealth
Now since you're STILL evading that question I'll move on to your next ""answer""
> (it's not surveillance coin that's retarded but it can be forensically examined to a degree especially if a connections are made from outside the network)
>it's not surveillance coin despite it being a fully public ledger
>even though I admit it can be forensically examined that doesn't count because just dude trust me
STILL evading
STILL a fucking retard
>the dropped 10% after going up 1350% i will just ignore because it's dumb.
Volatility is perfectly relevant to the question of a store of value, especially when you consider it as part of a cycle. Or do you think something being only useful during the low parts of a cycle and actually a net negative during the highs of a cycle is truly valuable?
But that's just ""dumb"" so you ignored it, like you've ignored everything else in this thread you spastic faggot.
>network effect was addressed at >>29745250
Which boils down to a mere assertion of
>that's a piss poor way to explain buzzword buzzword
STILL EVADING
STILL A FUCKING RETARD
I'll address the rest of your ""answers"" in a second post

>>29744357
Agreed. Normies are delusional as expected. >>29744357

>>29748437
Gold will demonitise itself once elon brings down the first asteroid or mars dust. This may be one of the reason he is going into btc and brinjaling scihff

>>29751238
So far I still see 0 reasons for your absolutely stupid claim

>>29751404
>>29750853
Now for your next """""""answers"""""""
>specualtion and projection ok who cares that's not a point
>and all of it's bullruns were magnitudes higher we are way early in the cycle buy the dip you moron!
What was that you just said about speculation and projection? Your answer is a non sequitur again, makes me think you're STILL EVADING
It's not speculation and projection at all, smoothbrain, in actuality it's readily measurable by bitcoins dominance, given that it's twice as valuable as its peak during the 2017-1028 bullrun but only 2/3 as dominant that seems like something you should address rather than EVADE as you just did.
Now for the final verdict to your post:
STILL evading
STILL a fucking retard
STILL making post after post and not saying anything at all
Kill yourself

>>29740490
Let me know when BTC lets you move $500 in 3 minutes for 2 cents in with complete privacy.

>>29750620
>and over a third of all crypto transactions in total are in Monero
I don't think that's true, but XMR txs are groing really well.

>Yeah if normies knew what the fuck they were doing Monero would be valued way way above what it is now.
The problem with Monero is the short term. It's simply too good, and governments wont get behind it in the near future and because of that, the Michael Saylors of the world are forced to get something that can be tracked. Bitcoin is balancing ideals and privacy and is basically a trojan horse for monero. Don't get me wrong, XMR is my favorite coin and soon will be my 2nd biggest stack after BTC and ETH. See this video (1.5 minutes only): https://www.youtube.com/watch?v=ccJ33hLaMF0&feature=emb_title

>>29751238

"Wow guys we did it, bitcoin is the new world reserve currency!"

"Wait, what you you mean somebody made a bitcoin 2? SELL SELL! BUY BUY!"

"Whew, we front-ran the market and swung to the new-new world reserve currency, thank goodness we were quick enough."

"Wait why is it devaluing!? Bitcoin 3!? Somebody hard forked it again? WTF SELL"

"Well you know, that's just how it is with reserve assets, constant vigilance, finger on the sell button at all times. Best way to protect your wealth really."

>>29752012
But people have made plenty alternatives to bitcoin and its yet to be supplanted

>>29752079
>But people have made plenty alternatives to fiat and its yet to be supplanted

>>29751258
lmao

>>29751404
lol you are buttmad at this point. don't take it so personally. bad for your mental health.

bitcoiners and altcoin flippers will all make it. the only group that will statistically not make it is diehard altcoiners with their special snowflake pick. the odds are horrible there.
you will not make it. but you still can.

>>29751776
it can do the same in about 3 seconds with good enough privacy. while not inviting undue regulatory hostility i might add.

>>29752538
STILL evading
STILL a fucking retard
STILL making post after post and not saying anything at all

Comfy

>>29752012
it has nothing to do with reserve. gold is not reserve currency. wasn't in our life time.

and it would boggle my mind if the banks would adopt bitcoin as reserve.

>>29752614
everything was explained dum dum. fuck off kindly!

>>29752727
>fuck off kindly
hahahahaha oh that explains everything. You're a fucking pajeet.
I mean you're STILL evading
STILL a fucking retard
STILL making post after post and not saying anything at all
But it's nice to know that you are literally a subhuman shitskin too. I guess now I'll have to add
STILL won't poo in the loo

>>29741726
>Bitcoin is HTTP.
>Monero is HTTPS.

Zcash is HTTPS.

Monero is .ONION

>>29747047

Monero doesn't want to compete with Bitcoin.
It tries to HELP Bitcoin
Do you know about the Atomic Swap protocol Monero is building?
That's collaboration, not submission.

>>29748082
>there is a reason why bitcoin is ranging between $45k and $60k here and most shitcoins are not.

Is this your first bubble?

>>29753374
>Bitcoin is HTTP
>Zecash is a government psyop
>Monero is HTTPS

Ftfy

>>29753705
i have spoken about the atomic swap a few times. but i have nothing against it. of course it's great. i don't like competing pow chains fragmenting network security and the whole thing about everybody on this fucking planet trying to create a new token with it's own price discovery that the can grab up early and cheap and dump later on the masses.
that's how i see alts in general.
>>29753806
hell no lol

>>29740828
So what are you arguing about, it's not anonymous then. Really it's just semantics but pseudonymous would be more accurate since addresses are essentially pseudonyms. And it's impossible to keep addresses anonymous because the ledger is transparent and even if you don't buy from an exchange that knows your identity you'll probably leave metadata that traces back to you. Also blockchain analysis isn't done by manually sifting through a block explorer so posting an address here and telling us to trace just shows that you're retarded and have no idea what you're talking about. Also coinjoin has been traced already, for example
https://blog.chainalysis.com/reports/plustoken-scam-bitcoin-price
https://github.com/kristovatlas/coinjoin-sudoku
https://www.coindesk.com/blockchains-sharedcoin-users-can-identified-says-security-expert
>Many of those transactions were conducted through mixers like Wasabi Wallet, which utilizes the CoinJoin protocol to make it more difficult to trace the path of funds. You can see an example in the Chainalysis Reactor graph below.
>In the end, the funds moved to the address of an OTC broker operating on Huobi to be liquidated — that’s how nearly all of the funds so far have been cashed out.
>Blockchain has responded to the warning with a blog post reminding customers that SharedCoin and CoinJoin offer protection only against “casual observers”.

>>29754527
>So what are you arguing about, it's not anonymous then
you are confusing anonymous with obfuscating privacy.
bitcoin is anonymous but doesn't have built in obfuscating privacy features. there is plenty of development but it's a double edged sword. there may come a time when bitcoin will be too big to squash we are far from that.
>>29754527
>can identify
that's not can prove which was my argument the whole time. legally proving is difficult as fuck.

>>29754527
btw wtf is that mixing utxos of differnet size?
is this shit real?

>Maxipad cope

A coin that is this vulnerable to governmental surveillance and blacklisting is living on borrowed time, once the normies realize their precious BTC could theoretically be seized tomorrow for "suspicious activity" the whole thing will start to collapse, a greater-than-zero chance is too much when you have a viable and battle-tested alternative that doesn't require you develop a special set of mixing skills.

>>29754978
when i want to cope with the hard life of being a maxi i open price comparison charts and zoom out.
works every time.

>>29755189
you think people don't know in 2021 the bitcoin blockchain is fully auditable? that's like one of the main selling points.

>>29755199
>67 posts defending his shitcoin against Monero
>”guys I’m not coping!!!”

>>29755351
i'm bored and sv cucks my usual targets are hiding under rocks.

Why doesn’t it pump though? Can it reach 1000s?

>>29755189
>seized
Explain how they "seize" 12 words you have memorized?

>>29740325
Was Bitcoin not the currency of choice at the glow nigger honey pot that was the Silk Road? Bitcoin is great at buying drugs AND tracking people

>>29755430
the usecase
investing in money is an oxymoron
cahsing out INTO monero from bitcoin if the regulatory hostility lessens may be a good idea. seems to be less volatile.

Lol did that maxipad nigger unironically say Bitcoin is anonymous?

>>29755475
hey i can't account for stupidity.
i have been trying to explain inflation to goldbugs for 5 years and it took me nowhere.

>>29755276
>you think people don't know in 2021 the bitcoin blockchain is fully auditable? that's like one of the main selling points.

Normies also still think the "crypto" in "cryptocurrency" means anonymous and untraceable.

They're also are blissfully unaware of all the potential headaches that come with transacting Bitcoin.

Bitcoin coasts on user ignorance of its many flaws. But that will change with time and greater publicity of Uncle Sam's fuckery.

bitcoin is better because it make number go up

>>29740234
Money? What legitimate businesses take Monero? This is a serious question, I have no idea where I would spend them. Obviously you can trade them back and forth like a but is there anyone that actually uses Monero?

>>29755991
Monero has displaced btc on the dark net. Meaning it has organically been chosen as the better form of money. That is the start of Monero displacing btc for everything.

>>29755783
i could barely explain crpyto and the very basics of bitcoin to my colleagues who are also devs.
i was beat and dead tired after a session. and those are people you could have this conversation trivially.

>Bitcoin coasts on user ignorance of its many flaws.
nah

the thing is altcoiners don't get it still. and while monero is great i would say it's a hundred times better engineered than bitcoin. from dev perspective. but as investment i'm a 100 times more bullish on bitcoin. because the two is totally unrelated.

and if i had to choose which development i join after i retire i will try join bitcoin definitely. i have so many ideas how to improve it. monero is in good enough hands. altho some of the devs are hard to listen to because they have this weird autistic smugness despite dicking around for years on the simplest things.

>>29755657
yeah that tends to happen when you try to explain things you dont understand yourself retard

>>29755991
dunno man but i don't know a single place where i could pay with bitcoin irl either. so crypto is awfully underwhelming in that regard.
i have been berating exchanges about not adopting lightning for many months and nothing. at least inter exchange transfer and settlement should be a light speed highway...

nothing ever fucking happens in the aspects of transforming our society or habits. in that regard crypto is a big dud.

>>29756147
oh really? so tell me what do you think the rate of real inflation been the past years?

>>29755469
>>seized
>Explain how they "seize" 12 words you have memorized?

1. Your address/coins are blacklisted.

2. You're not aware of this.

3. You send your coins to an exchange to trade or cash out as per usual.

4. The exchange automatically seizes your coins as is required by regulation.

5. Now you have to prove you haven't been involved in related criminal activity, otherwise your coins are gone.

This is exactly what happened to some poor Iranian bastid a few years back, he unknowingly received tainted Bitcoins and ended up on the OFAC blacklist. Pic related.

THIS is why privacy and fungibility are so critical.

>>29756128
Yeah man those development teams would be thrilled to have a renowned computer scientist like yourself onboard, you clearly demonstrated your intelligence in this thread I'm sure you're totally capable of writing Hello World let alone maintaining an advanced crypto algorithm you fundamentally have no understanding of.

>B-b-but Bitcoin has brand recognition! Fundamentals don't matter!

Wow you're such a genius dude you noticed the crypto market is in an irrational bubble right now. Too bad you're too retarded to reason out the end result of that long-term.

>>29755790

1 BTC's remaining 1 BTC, brainlet.

>>29756617
>Yeah man those development teams would be thrilled to have a renowned computer scientist like yourself onboard
or not we will see. but i could definitely contribute.
>Wow you're such a genius dude you noticed the crypto market is in an irrational bubble right now.
that's not at all what i said. i like to call it human nature. and it is a great opportunity for us. it's not a bad thing. it also happens with just about any asset not just crypto. because basic human behavior is not tech specific.

If they decide to go against currencies, it's gonna be the privacy ones. No thanks.

>>29756889
I was mocking the btc guy

>>29741356
>speaks out of his ass teh entire time while not even being a lawfag
how do you speak for others so well, anon? even when the evidence is in front of you proving your arguments wrong.

>>29757260
>75 posts
you sure are invested into this anon

>>29741553
This is the only post that has made me bearish on Monero.

>>29757340
what evidence? show me a case where someone was convicted based on solely blockchain analysis... not 99.99% police work searches and confiscation of hardware and signed confessions... no just a random tx on a blockchain and bamm jail!

>>29741662
>he browses on a macbook pro he paid for with his first income raise in 2016

>>29757462
i am deeply invested in bitcoin i will not deny that.
and i am interested in monero but nothing you guys said makes me rethink my stance on it: not a good bet. especially not now.

>>29757658
Please, don’t invest right now when things are unsure. I will sell you my bags for $5000 a pop in a couple years.

>>29756128
>monero is great i would say it's a hundred times better engineered than bitcoin. from dev perspective but as investment i'm a 100 times more bullish on bitcoin. because the two is totally unrelated.

If you're not investing based on fundamentals you're not investing, you're essentially gambling.

Its absolutely possible to get filthy rich during this bubble, providing you get in and out in time. But the bubble WILL pop at some point, and that is when fundamentals will become the only thing that matters, just like in the rational, healthy tech sector.

And Monero itself makes a damn good long-term investment considering organized crime is moving into crypto now. Consider this:

1. Worldwide, criminal enterprise generates $2 trillion annually.

2. Monero only needs a $184 billion market cap to be worth $10K

The likelihood of Monero eventually hitting 5 figures is thus reasonably high. And its currently only $200.

>>29757658
I think you made all the right points.. Monero is better from a technological perspective, but bitcoin is much better from a marketing perspective as things stand. So yes, betting on BTC short term is better at the moment, but in the long run who knows. My bet's on Monero anyway.

>>29757486
>This is the only post that has made me bearish on Monero.

Monero's future growth is projected to come primarily from black money influxes i.e. adoption by criminals, not from institutional investors or normies.

here is a situation where a coin like monero may shine: let's say cyberpunk like future comes after a collapse of the old monetary system and with it the final decline of governments. let's say mega corps take over running the world and everything is hyper capitalist. of course the bankers will easily transfer their power to the new system. so in this environment where corporate sovereign currencies built on crypto technology are the new money but a lot of the old concerns about illegal activities drugs and terrorism are just forgotten in the mess.
in that world monero could do great. but it's hard for me to find a counter argument to why bitcoin still wouldn't do better than monero in that environment.

>>29757806
and i will buy them gladly when the picture clears. it's a deal anon. gonna be a bargain.

>>29758131
that's only in the begining, normies like to be late to the party

>>29748237
How is gold more decentralized than bitcoin?

>>29741905
What?
Are you fucking mad?
Start browsing with ads again you fucking idiot. In fact try living in the space of normies for just 30 minutes of your life.
They see tons of ads for this shit on JewTube, and other Jew owned assets. Jews have known for a long time now that asset ownership and control over money would eventually become 'apart of the air,' so to speak. There's absolutely zero reason to doubt that the rise of digital currency is due to their influence in some regards as well as non-Jewish goys and those who are aware but want to get in on the making of the monies.

You'd be a complete nigger faggot to not know that one of the heads of one of the most esteemed and well known family of Schnozzlenose hand rubbing Jews proposed there'd be a world currency in the future far far away from the point in time where we are at now. That was like the early 1900s when that greedy bastard said that.

Here we are now as the world is increasingly becoming more centralized and one side fights to remain decentralized.

Independence vs dependence.

People believing that JEws would not try to shill Bitcoin are fucking idiots. If they're in on it then you can bet damn well it's not a benefit for you to be involved in, in the long run. You dumb nigger.

No fucking way can anyone believe BTC doesn't have a marketing department except some fucking autistic faggot who lives in his own world, worlds apart from what normies exist in and see.

>>29758164
https://www.monero.how/monero-transaction-fees
>Inb4 lightning

>>29758002
>Monero is better from a technological perspective
no i said better engineered. but i still see more potential in bitcoin. it's hard to explain i have an image of how this should all look like and it can turn out to be nothing but monero while it's smarter and better designed for one specific thing just can't do the same things as bitcoin.

>>29757563
>what evidence? show me a case where someone was convicted based on solely blockchain analysis... not 99.99% police work searches and confiscation of hardware and signed confessions... no just a random tx on a blockchain and bamm jail!

>FBI traced Bitcoin Transactions to a dark web vendor’s apartment

"Reid did not mix his bitcoins and the Bitcoin addresses sent from the vendor to FBI agents provided law enforcement with everything they needed to identify him. FBI Special Agent Ellis, previously investigated money laundering with the Secret Service, provided a simple analysis of the Bitcoin transactions that ultimately led to Reid’s identification and arrest.

Investigators were able to link transactions from the bitcoin address to Paxful exchange. Paxful provided the feds with information about the account associated with the bitcoin transactions in question. The exchange provided; a username, an email address ([email protected]), and at least three I.P. addresses used to access the account.

Reid has pleaded guilty to unlawful distribution and possession with the intent to distribute oxycodone. Reid is scheduled to be sentenced on June 1, 2021 and faces a maximum sentence of 20 years in prison."

https://darkweblive.net/fbi-traced-bitcoin-transactions-to-a-dark-web-vendors-apartment/

>>29758351
>Start browsing with ads again you fucking idiot.
huh? what did i miss? do you have a screenshot cause i'm not turning on that crap...

>>29758393
Lmfao midwit detected

>>29741669
They know more about you than your local bank, tho

>>29758393
Well you said at least two stupid things in that message

>>29758435
>addresses sent from the vendor to FBI agents
and i rest my case

>>29758435
The feds are practically screaming at people to invest all their net worth in XMR, and idiots here still don't get it.

>>29754744
>you are confusing anonymous with obfuscating privacy.
no, that's just the dictionary definition...
>pseudonymous: bearing or using a fictitious name
>anonymous 1 : of unknown authorship or origin
Also you say again
>bitcoin is anonymous
no, it isn't. and a blockchain can't be anonymous anyway, the users on it can be though. At first bitcoin.org said
>Main properties:
>Double-spending is prevented with a peer-to-peer network.
>No mint or other trusted parties.
>Participants can be anonymous.
But since 2014 or maybe even earlier it has a section titled "Is Bitcoin anonymous?"

>Bitcoin is not anonymous and cannot offer the same level of privacy as cash. The use of Bitcoin leaves extensive public records.

>legally proving is difficult as fuck.
you're just taking for granted the fact that the laws of wherever you live aren't incredibly draconian and assuming it won't ever change. and it really isn't hard for them to prove beyond a reasonable doubt anyway.

>>29758912
>and i rest my case

"Investigators were able to link transactions from the bitcoin address to Paxful exchange. Paxful provided the feds with information about the account associated with the bitcoin transactions in question."

>>29758707
like what? bitcoin with it's smart contract capability now with taproot being rolled out has magnitudes more potential to anchor a blooming crypto ecosystem with minimal shared global burden.

i'm very focused on distributing burden according to concern. when you buy a fucking milkshake that transaction doesn't need to be a global burden fro everyone. and so on.

bitcoins primary role in the future will be to provide a singular consensus root and a trustless foundation to higher layers. i simply don't think it will do much in itself like how monero is functioning right now.

also the time when bitcoin was used as a money substitute was in it's early highly inflationary period. and i just don't believe bitcoin can function as useful money with a fixed cap. monero is only slightly better in that regard it's inflation curve predestines it to be deflationary also it will have the same problems. we will see.

>>29759287
yes no bitcoin transaction has your name or identity attached. i explained this it's all guess work. now if you confess and it leads to a conviction that's on you. but why would you confess to knowing a secret that comes with jail time?

Can you mine monero with gpu?

>>29759668
No

>>29759300
man the dude confessed that's why he went to jail. show me a conviction that happened based on my criteria...
show me guy that was sentenced despite not admitting to shit just because they linked a tx to his name... you won't be able to i would have heard about it.

>>29756371
Just want to chime in here. Read the whole thread and noticed your ID. You're an idiot. Stop posting.

>>29759021
>The feds are practically screaming at people to invest all their net worth in XMR, and idiots here still don't get it.

After enough people have been publicly burned for using Bitcoin, the tide will start to turn. The darknet is years ahead of the curve in this respect.

>>29740458
Bitcoin works incredibly well as store of value precisely BECAUSE it's transparent and not private.

>>29759781
>man the dude confessed that's why he went to jail. show me a conviction that happened based on my criteria...

He was traced and arrested because he used Bitcoin.

>>29759816
20 iq take

>>29759945
Sure
Enjoy your crabbing trash privacy coin lmao

>>29759816
>Bitcoin works incredibly well as store of value precisely BECAUSE it's transparent and not private.

>store of value
>vulnerable to governmental blacklisting and third-party seizure

>>29759939
but he was sentenced because he admitted knowing a secret. either that or other evidence. that's my point reading the blockchain is guess work. there is a hell of a lot law enforcement has to back it up with to bag a sentence.

if the dude would have taken out his coins at an atm and used the cash to buy his cards do you think they would have got to him?

>>29760211
only if you fuck up. but when about 90% of the bitcoins will be owned by fortune 500 companies this will be a completely moot argument anyhow.

>>29743406
>i'm a dev
you're actually a nolife faggot, anon.
you do not deserve to make it.

>>29760449
but i already did. now what?

>>29760016
>ID: IQ none
holy shit lol

>>29739444
Monero is the best tech by far of the Bitcoin clones. Better than Bitcoin tech. But it will never be the standard because:
1: not auditable to ensure attack has not occurred
2: tail emission destroys any semblance of scarcity.

>>29759646
but the sender and receiver address is public, those are your pseudonyms. It can be used anonymously but most people are leaving a ton of compromising metadata and a confession isn't necessary at that point. You are aware that people have been indefinitely detained for refusing to unlock encrypted files right?

>>29760604
not in reality but in peoples mind. tail emission is so low that you would probably lose way way more of the coinbase every year.
but i agree the greatest thing about bitcoin is how it moved the hearts and minds of people. and monero is lacking in that capacity.

>>29760776
address is not identity
even a private key is not identity
this is crypto 101

>>29760260
>but he was sentenced because he admitted knowing a secret. either that or other evidence. that's my point reading the blockchain is guess work. there is a hell of a lot law enforcement has to back it up with to bag a sentence.
>
>if the dude would have taken out his coins at an atm and used the cash to buy his cards do you think they would have got to him?

The point is that had he used Monero he'd still be a free man right now. Bitcoin requires too many "if he had only done X" steps and you still get an inferior level of protection, Monero is fire & forget and then sleep peacefully at night.

Bottom line: when your freedom and property depend on you not being traced, USE MONERO!

>>29760776
>You are aware that people have been indefinitely detained for refusing to unlock encrypted files right?
land of the free?

Damn anon you put all in all for btc why haven’t you tried some other alts for easy profits like $MCM

Check it out here Mochimo.org

>>29761105
that's not where my argument lies. i just said bitcoin is an anonymous system. you can start sticking identity labels to addresses and transactions but proving that is difficult to impossible. but it can be done nevertheless. you can make good educated guesses. sure.
>Bottom line: when your freedom and property depend on you not being traced, USE MONERO!
i have nothing against that statement either. i have given this same advice myself to others.

>>29761023
I didn't even use that phrasing in the first place, an address definitely can be considered an identity or name though. Obviously one address doesn't mean one person, you can have multiple pseudonyms. You seem legitimately mentally handicapped t.b.h.

>>29760600
Haha

Gotta admit it's funny

>>29761122
I think I've heard of it happen in other countries too

>>29741416
>he doesn't realize that crypto markets are irrational
retard

>>29761268
fuck off kindly!

>>29760358
>only if you fuck up.

In other words, you can't just use Bitcoin as is, you also have to develop a very particular set of mixing skills and then HOPE you did everything right, even though the best possible Bitcoin privacy is still inferior to Monero's privacy.


>but when about 90% of the bitcoins will be owned by fortune 500 companies this will be a completely moot argument anyhow.

Nobody outside of the BTC echo chamber actually thinks this will happen.

>>29740325
Assuming you're talking about BSV, yes.

>>29740618
>being this dumb

>>29761605
the only irrationality i see is the sheer amount of scams that are worth more than $0. and no i don't think monero is a scam. i just think it's a bad investment. still better than gold tho or silver lmao.

>>29761769
>Bitcoin privacy is still inferior to Monero's privacy.
i don't think anyone ever denied that.
>>29761769
except for those ceos...
>>29761772
definitely not. it's one of the worst order of shitcoins out there. slightly better than defi rugpull scams.

>>29741324
what is atomic swaps?

>>29762064
>what is atomic swaps?

Pic related. Bitcoin and Monero will be swappable very soon, with each chain benefitting: Monero gains access to Bitcoin's liquidity while Bitcoin gets a truly impenetrable privacy layer.

>>29739444
>unlimited supply
That makes it worthless in the long run, right? Why would it not?

>>29762870
>because there's not unlimited time
>because there is some amount lost over time
brainlet
>b-but potentially, given infinite time...
And potentially bitcoins code could be changed to make it inflationary, potentially you could stop sucking dicks

>>29740700
they found the admins through TOR exploits (they control the majority of exit nodes) and then just tracked their money

kek at the BTC maxis desperately trying to pretend public ledger isn't retarded.

>>29762493
it's what i tried to explain to people atomic swaps are trivially easy. you don't need signature compatibility. you just need the same hashing algos. without that it's impossible.

>>29763562
it's firs gen tech. but you seriously think without it without bitcoin being so simple like a wooden peg - and the assurance that anyone without help or permission could audit the blockchain for themselves - would anyone every bothered to think about crpyto aside from 5 people on cypherpunk levlist?
i can't even explain how bitcoin works to normies. i have to use mental crutches like dies and locks. good luck explaining monero's ring signatures... monero just put on level of complexity on every aspect of the bitcoin consensus algo and incentive system.

>>29739444
Monero is the beta coin, bitcoin is for alphas only.

>>29741416
Bitcoin has leverage for being the first and Mastercard plus Visa invested in Blockstream. Bitcoin is the entry. Monero is the true decentralized, fungible, anonymous digital cash. Bet the government uses XMR for dirty laundering. So what if its used for drugs. Thats someone's choice.

>>29764128
>bitcoin is for alphas only.

>>29758296
What the fuck are you even asking? You can burry it in your backyard, lose it in a tragic kayaking accident, there are thousands of various mines or vaults owned by countless different people and thousands of places where you can buy or sell it, both online or in person. You can't get more decentralized than that.

>>29764128
Other way around maxipad

>>29764128
Monero is literally going to upend the world order. Bitcoin tries to be as obedient and submissive as possible to the powers that be in fear of getting rEgUlAtEd

>>29764172
bitcoin is the root. and i expect a fucking huge tree growing from that root. if that doesn't happen it still gonna mog gold. but i will revise my views in say 5 years. for the next 5 i'm definitely all in bitcoin.
like i said to an other anon i would rather buy monero when i need it and when it has grown strong enough for $5000 then for $200 here. may sound silly but it's just risk management.
>Bet the government uses XMR for dirty laundering.
probably.

>>29739444
>your kiddie porn transactions are public? no worries! come on over to XMR!

>>29764128
>Monero
>beta

>>29764559
sounds truly based

>>29753948
>Zecash is a government psyop
when will you faggots ever learn? XMR is the real honeypot.

>>29751850
>Michael Saylors of the world

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.

>>29764172
>Mastercard plus Visa invested in Blockstream
funny how the first sentence of the white paper says:
>A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
maxis have no principles and are the type to buy high
>>29764490
>rather buy monero when i need it and when it has grown strong enough for $5000 then for $200 here

>zWeJDpdu
>98 posts by this ID
>mfw there are only 313 posts

What the fuck is going on here?

>>29764646
>zioncash
Fuck off moishe

>>29765187
Notice he stopped responding to me when I pegged him as a pajeet?
>>29753036

>98 posts against monero


/biz/ isn't safe anymore

>>29765173
whatever the whitepaper says the bitcoin source code reads otherwise on a lot of points.
one particular example is how the whitepaper defines "coins" as chains of digital signatures. cashies absolutely love this sentence too bad it's never been a proper or even remotely accurate presentation of how coins are defined by the protocol.
>maxis have no principles
that's all we have. oh and lots of bitcoins. lmao

>>29765559
It's a single butthurt pajeet spammer too cowarsly/dishonest/retarded to accept that king shitcoin is going the way of the dinosaur
I guess that IP hopping faggot that makes dozens of '1 post by this ID' posts every thread is probably here too.

>>29765559
i'm not against monero i said many times i like it a lot. i don't like it as an investment. for my purposes it's retarded right now. and i had issues with people shitting on bitcoin when it's the absolute best. unless you go to very weird places why you need crpyto in your life of course.

>>29766033
STILL evading
STILL a fucking retard
STILL making post after post and not saying anything at all
STILL won't poo in the loo
kill yourself ranjeet