/biz/ - Business & Finance

>>29763137
Monero is only used by criminals.

>>29763196
Exactly, real world use.

>>29763137
criminally underpriced too
>>29763196
the whole point of crypto was to facilitate illicit purchases, it's the only reason you can use to justify the volatility and risk

>>29763196
And?

>>29763196
So?

>>29763137

>blocks your path

>>29763137
Based.

Loving the increasing number of monero threads in this place, shit was completely barren even during the 2017 bull run.

monero's use case is cp, fuck off pedo

>>29763515
Monero threads always bring together the highest IQ bizraelis

>>29763265
>criminally underpriced
>>29763137
>real world use


These statements are entirely mutually exclusive. It cant be both an investment and a currency. A currency that appreciates in value is a poor currency, and an investment that does not appreciate in value is a poor investment.

>>29763196
Yes.

>>29763265
>the whole point of crypto was to facilitate illicit purchases, it's the only reason you can use to justify the volatility and risk
sort of but not really

>>29763628
Yes.

why are xmr fudders so obsessed with pedos? creepy shit, that isn't normal and they should probably be investigated, I'm dead serious.

>>29764063
>buy 1 XMR 5 years ago for a dollar
>it’s now worth 200 dollars
>spend it on something worth 200 dollars
>epic win

You are a retarded fed cocksucker. There is absolutely no reason that something that appreciates in value cannot be a currency, just like there is no reason that something that decreases in value can operate as a currency (USD).

>>29763359

>>29764444
>"it can be a currency!"
>gives perfect example of why it is a poor use case as a currency

>>29764444
Monero value will increase in the years to come, then stabilize.

>>29765405
First off, he got 4 quads and you didn't even acknowledge it, so you're obviously a fedfag.

Secondly, the purchasing power of currencies changes, that's nothing new. Cryptocurrency is new technology which is still largely undiscovered. This means that one can reasonably take a speculative position in this functional currency, purely because it's not unreasonable to expect that demand will outpace supply (especially as finance becomes increasingly digitized).

TLDR, you're retarded.

>>29763628
so was btc
fuck off normie

It's really that simple.

>>29766097
Wrong and brainlet tier flase equivocation. Inflation is not equivalent to deflation.

Inflationary or stable assets encourages using them as a medium of exchange for goods and services. Deflationary assets encourage holding the asset and not trading it. Why would ever you pay 100xmr for a widget today, when tomorrow that same 100xmr could buy two widgets? Whereas why wouldn't you Pay $100 for a widget today when tomorrow that $100 will only buy you .9 of a widget?

A good investment is a poor currency. A good currency is a poor investment.

Are people shilling Monero today because the price tanked?

>>29763196
Based?

>>29766889
Because all they have to their shit coin is the black market, which fails and closes all the time

>>29766847
>Why would ever you pay 100xmr for a widget today, when tomorrow that same 100xmr could buy two widgets
Because I need it today, duh.

>>29763248
Give your [unknown amount] NOW

>>29763485

Goddammit I need a harem of Asian women

>>29766847
You have just described BTC

>>29763137
inflation bug devs can just mint infinite amount of coins, hense why it always dumps

>>29766889
education does not care about the price, it's always a good thing

>>29767716
>inflation bug devs can just mint infinite amount of coins, hense why it always dumps
Could you please point to the bug in the code and how exactly devs mint new coins?

>>29766889
>ratio up 8%
>tanked

>>29764063
>It cant be both an investment and a currency. A currency that appreciates in value is a poor currency,
It's not appreciating, it's just increasing it's buying power.

>>29767716
how many times have you personally validated btc or eth's supply?

>>29766889
there's almost always a Monero thread on /biz/

>>29764063
yeah i largely agree, monero is great money shit investment. if you think otherwise you are assessing your risks badly.

>>29767328
Indeed I have, and almost all crypto on general. It is funny that cryptocurrency is termed as such given that it fails spectacularly at its intended role. The only ones actually useful as an actual currency are things like Tether or USDC that are pegged to fiat and dont fluctuate wildly.

>>29768524
yeah tether and usdc the two horrible shitcoins but aren't they are in big trouble with the eth fees?

>>29763196
Still more real world usage than any other coin.

>>29768463
>monero is great money

So if it’s great money, and the total # in circulation has a 4 billion dollar USD market cap (i.e. how much the US prints in 2 days lol), how is it a bad hedge to convert some of your fiat to Monero?

Can I use Monero to get a Chinese gf?

>>29768626
Probably. Point was talking conceptually, not technically. I dont think on a technical perspective anything even exists yet with the security and transaction speed to be an actual universally adopted currency that would displace like, Visa, in so far as like boomer grandma walks down to the pet store and buys dog food with it or you pay with it at the McDonalds drive through.

>>29767716
>inflation bug devs can just mint infinite amount of coins,

Retarded FUD. You can verify the integrity of the supply by:

>Summing up all the coinbase outputs, which are unmasked (i.e. in the clear).
>Verifying the underlying cryptography (mathematics) of the confidential amounts implementation.
>Verifying the correctness of the implementation in the code.

Those essentially guarantee that the supply has not been maliciously inflated (i.e. unintended inflation has occurred). Note that a similar procedure has to be followed for transparent chains. Furthermore, a hypothetical inflation bug can go unnoticed even on a transparent chain.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

>>29768757
well it's not bad like gold or silver or bonds. it's better than a lot of the alternatives. if we just look at monero on it's price action performance. but the regulatory hostility introduces undue risks and bitcoin will outperform it greatly.

>>29769737
Lol so you were just agreeing with that other guy because you are a covert bitcoin maxi

>>29763137
No.

are the claims that it can be tracked true

>>29769261
shhh i need to acumalate more

>>29770102
ZCASH ZCASH ZCASH

>>29770049
there is nothing covert about it m8. bitcoin is crap substitute for cash. but i have no problems using cash never had any. i have problems with inflation. and soon you all gonna have the same problems.
will monero be an adequate hedge against inflation? could be but risk adjusted no.

>>29770316
Fair enough lol. Agree to disagree

Try mochimo
> Quantum Proof
> Scalable and Fast
> Decentralized and Fair
>Price going crazy right now =)))

>>29770262
>are the claims that it can be tracked true

Nope, those claims were strategically-timed to get IRS contract that was up for grabs last year. Nobody in the know is actually worried, darknet adoption continues unabated.

>>29770507
everything is fast when nobody uses it.

>>29764063
what about the bond market?, do you see any bond market for cryptos?

>>29770866
>everything is fast when nobody uses it.

>literally replacing BTC where fundamentals matter
>"nobody uses it"

>>29763196
>Monero is the only currency used as currency

>>29763196
>>29763628
>>29766992
pic related

>>29768252
xmr is /ourcoin/ anon

>>29771170
that guy was shilling some mochimo (never heard of it) btw

>>29770866
kek

>>29772079
remember when eth was fast? i think i still remember not sure.

>>29763137
haha the funny dog coin is funny though

>>29763196
gov't is indeed a massive bagholder of xmr, but let's not discount the littke guys and legit users

>>29773356
i see what you did there

Comfy 4 digit waiting room

Please take this child trafficking shitcoin off of biz before it gets shut down plz.