/biz/ - Business & Finance

>Monero

what's to say? wait for tether to pop.

>>29817676
Piece of shit crabcoin.

I'm thinking about buying monero for 2500 euros. It seems a bit scary but the monerochads here promise that the price will go to the moon.

Also thinking about trading my mined ETH for XMR, because I'm not sure if ethereum will really be a good long term investment.

>>29818089
It won't moon ever. This is a shitty stablecoin. It's literally designed to never moon.

I am attempting install the GUI but my computer is having an autistic fit and will not let me. I am cucked by the fucking pakis that designed this shit (Win10)
Can I just send my monero to a paper wallet?

>>29818578
bullish

>>29818604
>>29818604
distrowatch.org

Satoshi will make ALL the announcements May 31st. Swimming against this current will be futile.

During the fireside chat with Jimmy, Craig will lay the foundations for all of his extraordinary claims, which will include posting independently-verifiable documents and evidence addressing some of the false allegations that have been leveled, and transferring bitcoin from an early block.

There will be extraordinary proof that can be independently validated regarding the Segwit flaw. Similarly, Craig will also discuss the fundamental flaws with privacy coins, such as Zcash & Monero. This will effectively kill "privacy coins" as Craig will show you that it is basically as private as running through Times Square with your pants around your ankles.

Craig will also expose the pure fraud that is binance. He will discuss how these bucket shop exchanges are all squarely within the realm of US control. To say so is not a mere assertion, ‘.com’ domains have been considered to come under US territory for decades now. It is well tested in law. All major exchanges, including Coinbase, will be immediately forced to remove the bitcoin moniker from BTC/BCH/BTG/BTCP and all the other scam forks that have deviated from the whtiepaper. This will all be legally enforceable by his recent copyright approval.

During a Q&A Dr. Wright will also be asked about the court proceedings vs Kleiman's estate. At this point he will reveal irrefutable proof that the TulipTrust is in fact real and the accurate name that Satoshi gave to his enormous stash of bitcoins. Craig will demonstrate how he will take sole possession of the TulipTrust in 2021 once the contract reaches maturity.

Listen, I genuinely care about Anons well being. Cryptoscammers have been trying their hardest to suppress the coingreek conference bcuz soon there will be a sea of red across the board, with the exception of one coin that will rise from the red ashes like a phoenix. That coin is original bitcoin BSV.

>>29818604
check out my monero or feather

>>29817848
same fud bitcoin was hit with, bullish as fuck

the amount of XMR fud recently has been impressive. shit is starting to happen. eventually you have to ask yourself - is the coin youre holding worth anything? or is it bullshit? I just bought back in, then bought some more

>>29818089
thing is, monero is useful. it's so useful that now even bitcoin maximalists are saying that monero has "utility" but that's it, and it's not as pristine as bitcoin. laughing my ass off. you might be wondering how monero is useful, so let me tell you, because once you've actually used it, you'll understand. I've moved money in quantities and across boarders that is literally impossible any other way. from a cell phone, in a foreign country, on a train, privately, instantly, and without permission or oversight. this tool is incredibly powerful. world changing. infuckingcredible. this genie is never going back in it's bottle.

>In its present state, it may not be convenient for transactions, not good enough to buy your decaffeinated expresso macchiato at your local virtue-signaling coffee chain. But its mere existence is an insurance policy that will remind governments that the last object establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future. - Nassim Taleb

crypto isn't about coffee (not yet anyway). it's sex, drugs and rock and roll. the demand is denominated in trillions.

>>29818987
i think this might actually be a new level of bullshit
even for biz
even for xmr threads
remarkable

>>29817848
People said the same about bitcoin in 2013. Strong buy signal.

BTC POOMPA

>>29819755
Nice Taleb quote! Is he actually talking about Monero or Bitcoin ten years ago?

>kucoin says its putting a send cap of 5BTC on outgoing crypto to limit its use in money laundering
>Thats a quarter of a million dollars
what the fuck did they mean by this?

>>29818089
You shouldn’t buy it because you heard other people say it’s going to moon. This isn’t some pump and dump shitcoin. Only buy it if you do the research and agree that it’s the only coin that has a legitimate, proven use case, and is being bought and used (today!) by people who otherwise have no interest whatsoever in crypto. Buy it if you understand and agree with the thesis that underlies its future growth. If you’re not fully convinced that it’s fundamentals will lead inevitably to growth, you should not buy it.

>>29818089
this is the way.

ETH is a shitcoin. I dumped my 32 ETH for unknown amount of XMR a few weeks ago.

>COMFY

>>29820918
>Nice Taleb quote! Is he actually talking about Monero or Bitcoin ten years ago?
more like three years ago. it's about bitcoin, but we know monero is what they were all thinking bitcoin was.
https://medium.com/opacity/bitcoin-1537e616a074

Just increase by 10k sats per day please

>>29820985
I am unironically only here because i saw it as payment methods for nefarious items, which makes me think how I used btc back in 2015, although I think XMR was an option then, BTC was easier for me at the time.
Its actual use in payment for things, even illicit things, is bullish as fuck. I do not see XMR ever just "failing" like could happen to many of the defi startups

Monero may turn out to be nonsense, but everything about it reminds me of the energy around the original BTC when I first became aware of it but was too busy with other things to really pay close enough attention.

The Monero community, to some degree, may just be a bunch of larpers roleplaying that they discovered the original bitcoin -- but it's fun, and very few coins have fun communities with well drawn cryptowaifus and quality memes.

Even if it never moons, it's fun. But since it's fun, it'll probably moon.

>>29820950
>what the fuck did they mean by this?
laundering billions is going to be a bit slower now, sorry for the inconvenience.

>>29821241
based kucoin

can someone answer this pleasE?
>>29820709

>>29821134
And even if it doesn't moon, at least Monero gets used as a cryptocurrency. Few crypto projects can say the same. Monero is market-tested and preferred in a truly free market environment, an ancap's dream.

>>29821623
Get some xmr newfrog, they only Know u bought

>>29821623
Im a fucking tard but this is what I did
VPN up. Then get protonmail account. Use it too register for kucoin. Then send your KYC hosted coins over to kucoin. using this method the kucoin account should be untracable other than being linked by one transaction from your KYC exchange, which in no way proves that the kucoin account you sent it to is owned by you. Then convert your coin of choice to BTC or ETH then convert it to XMR, then send it off to whatever shady deal you have going on

>>29820110

>>29821810
yes, I need to get XMR. But how is the best way to get it anonymously?
>>29821855
sounds good thanks
> using this method the kucoin account should be untracable other than being linked by one transaction from your KYC exchange, which in no way proves that the kucoin account you sent it to is owned by you.

but this does seem dangerous and someone could find it.

We need something that deanonymizes Kyc exchange > XXX > Non-KYC Kucoin account

stop it
i need more time to accumulate

>>29822078
Buy LTC and swap

>>29822078
>1. open Tor
>2. go to changenow or any of these other instant exchange websites
>3. convert BTC to your own XMR address
>4. ??????
>5. PROFIT
Simple as.

>>29822078
Someone could easily find it. But there is absolutely no proof that you own the kucoin account
after you have xmr in the kucoin account, and send it wherever, it cant be traced back to you

I believe you could probably just go xmr on KYC to wherever, but the kucoin anonymous account adds another layer of protection.

That said, unless the transaction youre trying to do is like over 1000 dollars i wouldnt worry about it too much. Ive bought shit a few times using fucking coinbase and BTC and gotten away with it

>>29822187
fuck you
PUMP NOW

>>29822203
>>29822232
>>29822270
thanks for the suggestions. Will check them out


Also Monero needs to be at fucking 1000 dollars.

>>29822270
huh. I want to buy atleast 30-70k usd worth of moneros

when do i get some xmr in my wallt from mining?

>>29822362
depends if you are mining in a pool or not and what their minimum payout is, check a calculator for that

anyone else offer to pay people in monero for things your are buying directly from individuals? do they ever accept monero?

>>29822773
ok thanks. i think i have a while. but one of these days i will have some pop up. i think the pool wants .1

>>29822807
I offer to accept monero when selling used stuff. Despite a 5-10% discount when paying with XMR nobody has taken that offer yet :(

>>29822807
i plan on it when i open my online store and sling things for crypto irl.

any news on monero smart contracts?

>>29819755
Isn't bitcoin just a glorified shitcoin?

>>29823226
technically infeasable and maybe impossible except for very specific use cases. Monero works best if all transactions look the same, and smart contracts will obviously look different and stick out.

>>29817848

>>29823315
Network effect is powerful. If Bitcoin was created now it would be considered a shitcoin.

>>29824714
This. Unfortunately with the speed the financial institutions move, having taken ten fucking years to buy in, they'll blindly hold BTC for at least another ten before moving on

>>29824714
amen

>>29822870
:(

>>29824811
Btc can implode any time, it's not gonna last another 10

I hold XMR because organized crime is eternal.

>>29826523
Based.

Comfy

>>29819755
>Nassim Taleb
God he's such a self satisfied piece of shit. Bit damned if he isn't right this time.

Changelly asks for a email to trade between your own wallets.
Is there a service similar to Changelly, but which dont ask for email or a login, and dont keep tabs of your activity?

Bought some more Monero lads

>>29828621
Create a fresh email for it. You'll be glad you've got it when they fuck up your transaction somehow.

>>29828621
Coinswitches are integrated in a lot of lightwallets, coinomi,. Exodus, cake, ...

>>29818604
https://support.microsoft.com/en-us/windows/add-an-exclusion-to-windows-security-811816c0-4dfd-af4a-47e4-c301afe13b26

everyone still asleep or why is it so quite here?

>>29831072
>everyone still asleep or why is it so quite here?

We're all hungover from last night's insane Monero party.

>>29831228
damn, missed the invite somehow

threadly reminder that this is the perfect xmr-chan

>>29818987
This is q tier bullshit lmao

XMR is already up to $220. Do you think it will go down to buy more under $200?

>>29819746
fud dropped price since 280. fud intensifies, we drop to 190. fud increases, we rise to 220. if anyone fuds XMR, buy signal.

To the dude who helped me recomending XMRIG over nanopool, holy shit, i just rebooted to eanble huge pages and my hashrate went rom 2400 to 4900 on my R7 2700X

>>29833261
Doesn't really matter if you're thinking of holding long-term. I'd buy immediately.

>>29822203
not right now, ltc price is too far below xmr atm.

>>29817676

Literally MOONero at this point

>>29819755
based

is xmr the bad boy of crypto?

>>29817676
chad reporting inn

>>29834089
Yes.

>>29834137
I love all of you XMR chads

>>29834089
XMR is actually the hero and protagonist of the crypto anime. Bitcoin is the older brother that eventually dies while sacrificing itself before Monero takes up his mantle and strikes the final blow against the feds in the final season.

Monero hasn't done anything and yet it feels like it already mooned. I know for a fact it will moon and the FOMO will be galactic. We're all gonna make it Monero Chads.

>>29819755
So this haha and fees wich monero complete fixes by having a tail emission

>>29834415
Stop it anon you're making me too hard

>>29817676
Kek jannies deleted my monero thread. They are threatened.

>>29834415
Cringe.

XMR bro!
CHINA money is coming
this is comfy

>>29835683
based hyper-inflated Venezuela

>>29817848
chad monero shitposter

>>29835683
>>29835758
Yeah interest is naturally the highest in authoritarian countries that actually have the capability to do chain analysis to disappear your ass. I've said this for months now but it's inevitable for Chinese wealth to move through monero in the long run.

Also yeah Venezuelan government is cracking down on crypto usage because no one is using their petro coin. Monero is a safe haven so government can't catch you.

>>29835922
can confirm

>>29817848
>bearmarket.png
kek

>>29822232
bros please access your exchange websites OUTSIDE of Tor. never sign in to anything important when browsing. convert it to monero first and then go through onion links

>>29834415
Similar vibe to some more XMR artwork I am having commissioned. Should be done late March if done by deadline. Thanks again Lebanon and other anons for helping to make it possible.

>>29833650
FYI
Use ubundu. My hash is around ~6000H/s

>>29836178
>16kH/s
jesus, what CPU ?

>>29836287
It's my main PC, sadly can't switch. I'm running ubuntu on my other miners tho.

>>29819895
its actually an historical level of bullshit
>fireside chat with Jimmy
them were the days, my frens..

Nooooo stop pumping. I need more.

>>29818987

Jesus, what a clown. Even for this clown world.

>>29837355
We still have time left. It's not even close to ATH yet.

>>29834089
Yes and no. As with all things, monero has an ability to be used for both good and bad. It is your job to be good representative of the community.

>>29837195
I partitioned a portion of the HD for mining.

>>29836299
5950x, can hit 19.8 on a good day

>>29835683
>St.Helena

Wut.

>>29838632

Soon.

>>29838632
shhh trust the plan

BTC Ratio still bouncing off 0.0046. Nice!

Give a dumb burger like me a step by step on how to get in the US

Monero is so comfy

>>29817848
>Monero

>>29840083
cashapp -> cake wallet -> cold storage

>>29840083
Buy BTC, send to Cake Wallet or Exodus Wallet, convert to XMR

>>29840083
Kraken

Interest among normos is growing https://subredditstats.com/r/monero

>>29840512
I can definitely say that the /xmr/ general interest has skyrocketed over the past month. We are building a base of enthusiastic holders at the current rates and I expect our value to hold comparative to other cryptos during a marketwide dump.

>wake up to 4627 sats in value
Very nice

>>29823870

>bought 2 BTC by sending a money order to a shady Russian exchange in 2014
>"cashed out" by buying [unknown] products after Mt.Goy tanked

XMR is my only shot at redemption and to drop the albatross that weighs heavy on my neck.

>>29840949
>XMR is my only shot at redemption and to drop the albatross that weighs heavy on my neck.

Monero is everybody's second chance at making it.

Sirs, please do the needful.

69 XMR

am i gonna make it

>>29841647
unfortunately not

>>29841439
I've heard 0xmonero is the best way to buy $500 gift cards anonymously to share with Microsoft tech support.

>>29841439
Isn't this the coin made by that one giggasperg that got mad when the monero team wouldn't pay him to release the rights to a patch?

5 May 2021

>>29841719
It is also accepted at every curry shop in Bengaluru

>>29841647
Yes, 5 years from now.

>>29840762
Monero is inevitable.

>>29841647
how does 6.9 million sound

>>29842046
this is the only answer i see thank you

>>29841106
I fondly remember using Bitcoin several times in the early decade. I never once considered it as an investment. If only I had stopped a few seconds to study it, I'm sure I would have seen its growth potential..
>>29842032
In retrospect, it will be obvious.

Why is kucoin listed as not requiring KYC in the OP? just checked and it clearly does.

I have no interest in cryptocurrencies or in acquiring cryptocurrencies, just curious.

>>29840083
Kraken

Sitting comfy knowing that I hold one of the most valuable digital assets on the planet.

I want to increase my stack but can't into day trading shitcoins unfortunately

>>29843313
Just DCA monthly. It'll take a while before Monero reaches the promised $40,000 price.

>>29843313
Trading shitcoins is no guarantee at making profits. The DCA and hold method is tried and true. It may not be the most exciting but we have considerable long term gains ahead of us.

>>29843313
Trading shitcoins is an excellent way to lose money quickly.

>>29843313
I'm down 20% to IL in about 48hrs on some bsc farming ponzi, but my xmr stack is sitting comfy

>>29843583
>>29843778
>>29843829
I know it's irrational but how the fuck do these moonboys and retards do it? I just don't understand. I guess I just have to resist the urge

>>29843313

ngmi

>>29844142
They don't. They are gambling and post when they win. But you don't see their losses. Over time they are losing money on average.

You can go to the casino right now and double your money with going black on roulette. But doing so loses you money in the long term.

Therefore just go to the project with the biggest potential upside and the actual potential to achieve something (Monero) and keep stacking over time.

>>29841847
no, this would be fireice_uk (creator of miner xmr-stak) who got emotionally hurt because monero wouldn't pay "licensing rights" to his code. he then went to work for a monero competitor as the main developer, sumokoin (monero codebase fork). a few months later he was already wreaking havoc on that community to the point of forking it with some other people creating ryo. it's was truly a shitfest.
when he noticed his efforts were completely destroyed and that his shitcoin would never work, he decided to follow up with attacking the monero network using whatever money he has scammed from his previous endeavors (and the xmr-stak fees that he must have accumulated). there's a very high probability that the last network attack and trying to label IP addresses as "pedophiles" or "drug vendor" was him, as he was the most prominent retarded that would spew the bullshit on how monero was used by the alt-right, nazis and other considered bad actors. he very often succeeded to change the wikipedia page for monero including such affirmations, because it happens he's autistic enough to be a 'known' wikipedia editor, giving him special powers. this is in the past though and the wikipedia page doesn't have these claims anymore.
anyway it doesn't matter, I just felt like describing this old drama here for the noobs who weren't around back in the day. today in 2021 fireice continues being a moron, developing his retarded coin all alone, screaming to his 1,000 followers how monero is bad. he doesn't even promote his scamcoin anymore. 100% of the content (literally, no joke) he spews is negative on monero because he will forever hold a grudge for not being considered a "monero developer", hah, and Snipa22 who was way less active but developed the very famous nodejs-pool became a "monero developer" and this probably hurt his feelings even more.
get fucked fireice

>>29844142
It's luck just like when some people win big when they go to a casino or bet on sports.

>>29844142
Transparent blockchains can be super helpful if you know what you do. Basically:
1. Find whales that profited in previous PnDs
2. Look what they've bought last
3. Check if the price has mooned yet
4. If not, jump on the ship
5. Sell before whale sells

Maybe the whale sells often at +200%, so you sell at +150% to have a bit of a safety margin.
Never done that myself, don't want to support a scam, even if it can't be traced back to me.

>>29845184
>there's a very high probability that the last network attack and trying to label IP addresses as "pedophiles" or "drug vendor" was him
He literally admitted that on twitter: "https://twitter.com/fireice_uk/status/1324309168514342912

>>29844949
I agree. But I still like to bet a small amount on 1-2 underdogs, for fun. I like the shilling, fudding, shitposting and memes on /biz/. It's more fun than just hodling.
I'm 80% Monero and 20% underdogs/shitcoins.

>>29845184
Have you heard any speculation about the network attacks at the end of the previous year?
Unlike Badcaca, these were actually successful and helped harden the network. At first I thought it was fireice but now I'm not so sure.
I also find it suspicious that the attacks suddenly stopped and then an anon came forward and submitted a ccs proposal to improve the network coding. Almost feels like a white hat or something.

>>29840438
kraken doesn't work in NY and WA, plan on moving out soon though. its gonna be a shit show when the collapse comes anyway

>>29845184
Jesus christ, it's like the TES3MP v Malseph debacle but with a serious project
At least he ended up falling off into obscurity, sometimes shit like that can kill a project

>>29846243
What type of service are you looking for?
There are resources in the OP but if you want something more personalized you will have to give more detail.

>>29840316
You need to use a vpn for exodus or it won’t let you exchange in those states

>>29846508
im just interested in stacking and holding, that's about it. some anons said that krakens good for those kinds of crypto traders and I like the way kraken looks so that's a plus

>>29840762
I’ve noticed this too, generals are more active

is 40-50 xmr enough bros? i want 100 but cannot make it there. tfw no /comfy/ stack

Why would you sell XMR for cash what is their endgame on localmonero

>>29847439
Those who sell Monero for cash are dealers who ship out orders placed on DNMs and have loads of XMR from their orders.

>>29847439
Localmonero is a front for darknet and ransom people cashing out without going through some sort of KYC. It's the safest option for them.

>>29847405
Depends on your time frame. In 5-10 years time, absolutely it is enough.

>>29847405
>is 40-50 xmr enough bros? i want 100 but cannot make it there. tfw no /comfy/ stack

If you're willing to wait a little longer, absolutely. If projections pan out 50 XMR should be worth $2 million by decade's end.

Like they say, "Patience is a virtue."

>>29818604
Just dual boot linux instead of trying to convince your shitdows10 that the monero gui wallet is not a virus.

Either that or use an antivirus exception, but would you really trust your hard earned crypto to the brainchild of bill gates? Install linux already bros

>>29845983
I do the same. That 20% is my gambling money. 80% is the actual investment.

>>29848345
all your money is in crypto? are you sure prices will remain viable during the inevitable collapse

>>29819755
Checked based and this is where I shill my RDN bags. RDN for instant clearnet transactions and XMR as the private settlement layer.
When the time comes where this combination is as easy as loading up a prepaid card, crypto will reign supreme

>>29848419
Nah, that's just how I spent the part that I invest in cryptos every month. I'm in for long term anyways so the collapse doesn't matter for me. Hopefully I can take some shitcoin profits out before shit really hits the fan but not too worried about it.

>>29818089
monero is not a moonshot, do not buy on the presumption that it's going to skyrocket in the short-term
monero has great technology and is an awesome system, while it is currently undervalued when looking at the stock-to-flow, don't expect it to jump up to $800 in a few weeks
this is a longterm hold and we probably won't start seeing consistent upward movement until 2022 when tail emissions kick in

>>29848823
There's no reason for it to start gaining momentum when tail emission kicks in over now.

Tail emission changes nothing as the mining rewards are already slowly dropping every 2 minutes currently. In fact I even think Monero will crash a little bit in 2022 when tail emission starts.

>>29845564
how can I follow whales like that? where do I find their transactions? Sorry I'm a noob

BUMP

>>29849435
block explorers.

https://explorer.bitcoin.com/btc

https://ethblockexplorer.org/

>>29849033
>Tail emission changes nothing as the mining rewards are already slowly dropping every 2 minutes currently.
It's psychological. Monero becomes scarcer and demand for Monero will be growing, so it could stimulate demand from investores looking to capitalize on the overall supply.

>>29848823
right, holding monero is like holding a bond. Nobody who's non-autistic is in it for extreme gains, it's a stable investment with a long term and viable use case. IMO everyone should hold at least a little bit of Monero in case they ever needed it.

>>29849435
also here

https://twitter.com/whale_alert

>>29817676
is monero a good hedge? I need to cash out in 3 years

>>29849650
why is monero so stable?

>>29849575
>>29849854
thanks a lot fren

Monero has been 25% of my stack since 2017. It's one of the very few coins with tangible utility, and one whose demand only grows with the years.

It's so fucking undervalued right now and has been for years. Fucking dogecoin has higher marketcap than it.

>>29849650
Fudder trying to accumulate

>>29850067
That's exactly my thought. I believe in Monero, with BTC it's the only crypto I actually used and can see a legitimate use for.

Why hasn't it climbed more then?

>>29844142
By going into a coin that's up 10% and cashing out when it's 25-30%. I've made money on GRT, FTM, ADA recently and I'm a noob. Up by ~20% today from ADA and I got out when it got over 1.40, it mightgo higher but it might also dump, so just rinse and repeat safe and meager gains.

>>29849579
Yeah but why would someone think Monero is scarcer when the mining reward STOPS dropping. It's basically the opposite of Bitcoin's happening.

"Ok from today on Monero will keep the same reward and stop lowering reward supply" I can't comprehend how anyone can see that as meaning increased scarcity. It should be the other way around "I'm not buying monero because apparently it keeps giving away 0.6XMR every 2 minutes perpetually" vs the reward constantly dropping like now.

>>29849033
i could definitely see what you state happening, once rewards hit the floor miners may want to take as much profit as possible and as a result suppressing the price growth for months
it would be short-sighted on their part to do so

>>29849898
It's the perfect hedge and retirement fund.
>>29850067
>>29850295
It being cheap is a good thing. Means we can buy more every month. We like that it is undervalued. It's like being a time traveler going back to 2011 when BTC was $200 and knowing what the next 10 years will bring. Of course everyone here wants the price to stay low for as long as possible to buy more.

Also reminder that normal tags only follow the price, not the projects so just keep accumulating and let the normalfags fomo in when XMR does the inevitable 100x-1000x or more over the coming years.

>>29850495
that would ultimately depend on the demand growth for monero, if usage and adoption continues to grow as we've been seeing, but the reward remains fixed; that would have upward pressure on the price

>>29850542
That's the opposite of what miners would want. They get 0.6xmr every 2 minutes at a fixed rate forever. It's in their best interest to raise prices so that those fixed 0.3p/m is as valuable as possible. Keeping prices low would actually mean their USD reward would be lower as well as it wouldn't raise their XMR yield.

Unless you mean ETH->XMR miners. In which case you'd be correct.

>>29850851
https://trends.google.com/trends/explore?q=%2Fm%2F0130q41b

its starting to look popular in china

0.5 xmr holder here, stay for the meme

>>29822870
We are still very early into crypto adoption, few people even know what crypto is

>>29851215
Those are rookie numbers.

>>29821241
always (You) best monero-chan

>>29822870
Xmr No Escrow

>>29849967
>why is monero so stable
Monero is purchased because it is used, so it has steady demand.
>>29850495
Well first the yearly inflation would be lower, and would continue to get lower over time. So Monero would become scarcer over time.You are conflating inflation with scarcity...we need to consider that Monero's demand will grow over time, so there will be less Monero vailable based on demand.
And also, most people aren't paying attention to the block reward. Hell, most people don't even understand how Monero's block reward works. So when tail emission hits, Monero should get attention from the market because of the innovation of the mining scheme, the mining network's proven asic resistance, and also because of the size of the mining community (that's showing very steady growth, I might add).
The short term effect would be many different people now becoming unaware of the low inflation Monero will always have as well as its dedicated mining community, which would stimulate demand from individuals looking to scoop up Monero before the effects of the low inflation are realized.
I don't think the pump will be major, but it's a milestone that sets Monero apart from pretty much everyone else, and it's brilliance hasn't been realized yet.

>>29851256
Yeah sorry but this is delusional. Everyone I know including colleagues, children and elderly family knows what cryptocurrencies are and their purpose. They learned so around 2017-2018.

Most people have not decided to put in money however. Around 10% of first world country population holds some form of crypto and between 20-30% of third world countries hold crypto. Specifically south america, asia and the middle east hold a lot due to problems with hyperinflation in those regio's.

>>29851045
>EEU hotdots
healthy society, really bulish, I will buy 5-10 when I get fund.

>>29851256
>he thinks it's 2015

>>29851437
Yes I agree that the price of XMR increases with a steady growing adoption rate and more exposure.

However I meant specifically the effects and of tail emission kicking in is going to be a negative why? Because it means a slower dropping inflation rate. Currently Monero's inflation rate is dropping faster than Bitcoin's inflation rate due to block rewards dropping. Once tail emission kicks in the inflation rate will suddenly only drop very slowly and linearly instead of exponentially like now.

To me a slower rate of inflation drop equals fewer interest and most likely some type of first sell-off. It will most likely cause a good buy-in at the time.

But who knows for all we know when tail emission starts XMR is at $3000 and crashes back to $2000 or something. Either way make sure to keep cash on hand when it happens. It's a certainty that that is going to be the perfect time to fud.

>>29851469
>Everyone I know including colleagues, children and elderly family knows what cryptocurrencies are and their purpose.
idk about that man lol.
If you surveyed 100 people and asked them what bitcoin is, how its worked, and what it's used for, you aren't going to get many correct answers.
>They learned so around 2017-2018.
How can you say that and look at what the top 20 is right now in market cap? It looks like nothing has been learned.
>>29851854
>To me a slower rate of inflation drop equals fewer interest and most likely some type of first sell-off
Monero will have the lowest annualized inflation at the time of tail emission. Again, it will be a market indicator that Monero's inflation is lower than all the other cryptos, and the increase in demand will be a signal to speculators. I don't believe this will drive the price up significantly, but we should see buying pressure.
>It's a certainty that that is going to be the perfect time to fud.
Fud what? Your theory doesn't really matter anyways because Monero's demand will really be the driving factor in it's price, and that the scarcity will just amplify things. Case in point -- dogecoin has retarded monetary economics but it is outperforming Monero. The inflation concerns have no greater meaning.
In Monero's case, the inflation would just be the icing on the cake, because we and other smart speculators have viewed this benefit of hoarding early.

>>29851469
>between 20-30% of third world countries hold crypto
Are you nuts? Most people here in south america don't even know how to use proper online banks, let alone sending crypto from one wallet to another. You are vastly overestimating not only crypto adoption, but the IQ these retards.

>>29852712
Ya that post is nuts, its nowhere near that high of a percentage. Vast majority dont own any crypto and a few may have heard of bitcoin.

>>29851256
This is correct

>>29851256
>We are still very early into crypto adoption
Of cours we are, but the question is WHAT crypto will people have their money into.
Once the banks and governments get involved, who knows what will happen.

>>29852951
incorrect.

I’ve never felt more comfy in my life anons.

Literally unfudable.

>>29852828
I work in tech and only a few people I know have any crypto. Part of that is because I talked to them about it and basically convinced them or sent them some crypto which got them into it. Most everyone knows about Bitcoin but they also thing blockchain is just another fad buzzword - which it is in some sense

>>29819755
> I've moved money in quantities and across boarders that is literally impossible any other way. from a cell phone, in a foreign country, on a train, privately, instantly, and without permission or oversight.
Based. I'm loading up now before it moons.

serious question - has that EU law gone into effect yet that bans holding a private wallet with more than 150 euro worth of crypto? if not, what effect do you think think that will have on monero's value and how do you think it will effect euro anons from these threads?
>>29822807
>>29822870
is there a list somewhere of businesses that accept monero as payment? besides those listed on the official getmonero website, nothing there interests me.
I find it strange that even privacy-oriented businesses will often accept bitcoin and even cash payments, but not monero.

>>29853540
I came across this list too: https://cryptwerk.com/pay-with/xmr/

Is there a site I can easily buy giftcards with monero?
Would be nice if there is something like that. I'd like to be able to convince people that they could accept Monero as payment for something and have them feel confident they could just exchange it easily for an amazon gift card or something.

>>29853195
I'm an aircraft engineer and loads of people in the industry are holding various cryptos, all without knowing anyone else was. It all came out a couple of years ago when one of the flight attendants abruptly resigned, turned out she'd made something like 8 million bucks from Waves

In a hypothetical world where big government bans holding or trading XMR, are atomic swaps the only real way out?

>>29854238
>In a hypothetical world where big government bans holding or trading XMR, are atomic swaps the only real way out?

Off ramp? Either that or selling directly for cash. But its unlikely that there will ever be a UNIVERSAL Monero ban.

>>29854238

How would you effectively ban Monero? That would be absolutely no different than banning crime.

anyone else got cucked by trying to deposit xmr to this chink exchange? my deposit still hasnt shown up after 5 days i've triple checked all addresses

>>29853081
saucepls

>>29854793
>That would be absolutely no different than banning crime.
Committing crimes is illegal, Anon.

>>29853540
>EU law gone into effect yet that bans holding a private wallet with more than 150 euro worth of crypto?
Excuse me, what?

>>29817676
must accumulate Moneros.

>only use I can think of for monero is buying loli SFMs and dojins
>artists don't accept monero
What's the point...

I love this coin and the people who participate in these lovely generals. Never selling.

>>29851032
This does beg the question. If inflation is constant, the hashrate will be directly correlated to the amount of money available to make with XMR a day.

So if XMR price drops to low the hashrate will plummet alongside with it. If it goes up more hashrate will join the pool.

As for BTC I am pretty sure hashrate will plummet and fees will skyrocket. Unless they introduce a minimal block amount like XMR does which I heavily doubt.

>>29856120
It shouldn't be hard to convince them that there's a whole market worth of people who will ONLY pay them anonymously

>>29840762
It has already held

how real is this

>>29858912
>ciphertrace
I still have yet to hear HOW they actually do it, until then I'll consider it bullshit

>>29858912
Fake as fuck. Literally

>>29858912
Fake news.

>>29858912
lol

>>29858912
The screencap you posted even outs itself as sensationalist garbage

>MONERO CAN BE TRACED!!!

body of text:

>some shysters *claim* to be able to trace it

A claim which turned out to be untrue

>>29859043
in a video (i don't have the link) the dude slipped and said it was heuristic, i'm guessing they can only look at the outside and try to speculate what transactions are linked to who based solely on transaction amounts and time

>>29859272
>heuristics
>"Your honor we have a really good guess."
>"Get the fuck out of here. Case dismissed."

>>29859226
https://decrypt.co/40284/us-homeland-security-can-now-track-privacy-crypto-monero?&utm_medium=referral&utm_campaign=feed&utm_source=coinbase
better go through 5 vpns I guess

I'm all in on monero going to DAC this coin until I die (and buy weed online with it too)

>>29836178
SO I mine ETH, monero seems to be not worth mining at all, maybe if I had a ryzen 3900 XT or something, which I might upgrade to but seems the payoff for monero is low for a CPU?

>>29859455
I tried to mine it, you make very little money doing it, not really worth it at all. Just buy

Anyone know the best way to convert Fantom to XMR without KYC exchanges? Preferably with as low transaction fees as possible

>>29859416
Based.

>>29859455
A lot of people mine because they want to support monero and accept a poor payout. That's why it's so low.

Ah, another day of just looking at the images in the /xmr/ DG. How's life treating you, monerochads?

>>29859763
The payout is good if you look at it in the long term, or if you already have a nice rig and you want to make use of it. I mine as a side hobby because it is fun and it helps support the network.

>>29859763
$20 a month with a monster cpu....

I mean my i7 isn't shit but its getting on now, 5 years old but its basically worthless to do, seems like they would do better by upping the payout.

>>29860106
See >>29860047 for proving my point

Bitcoin payout was shit at the early days too.
Keep mining if you believe in it.

>>29860047
this. people really love this coin and what it could do. its different from all these other shitcoins that are used mostly for pumps

>>29846243
I bought xmr through Kraken, are you sure si gonna colapse?
How can I Move my xmr

>>29854238
At that point people just start to use Monero just to stick it to the man.

I'm thinking about setting up a service, where you can pay to have remote node hosted, accessible over clearnet, Tor, I2P and private VPN.
Would anyone be interested in such thing?

>>29858912
SELL SELL SELL!

>>29862249
Please do, I'm looking to buy more

>>29861542
I love this meme, made me buy a bit over 10 to start with.

>>29861881
i have no idea what its going to do to the enite market. best thing to do is to unironically diversify and wait. it will all crash down with one or two headlines

I know nothing about anything
But I own 14.5 monero and someday I'm gonna be a real boy

Do you monero chads hold in a hardware wallet?

So which onion site is the main site for buying ... items in 2021? Been out of the loop since Agora got jew'ed.

>>29859996
quite comfy, my good sir. i am expanding my position from [unknown] to [unknown]
i pray you are in good health and hope we can have a fruitful discussion at the monero island in [unknown]

>>29862739
Air-gapped cold wallet on an old laptop.

>>29862788
dark dot fail

>>29862739
Trezor

>>29862937
Was looking at this but seems I need to get the expensive one to hold xmr, I might go for it tho

>>29859996
im good anon
just bought a ryzen 9 3950 for mining, so feeling very comfy. :)

>>29863190
What is mining
How does one do it

>>29862739
Linux VM here.

>>29863843
>Simple
Mining is processing transactions
>Verbose
Miners connect and validate transactions by running an algorythm in order to get a certain value, which they then use to submit transactions to the blockchain, this is often done on GPUs or specific hardware built to do this task but also can be run on CPUs, which Monero's algorythm is specifically designed to work with the best

>>29862739
literally just write down mnemonic on a few pieces of paper and store them in trusted locations

>>29818089
If you don't do your research you will have weak hands and sell at a loss. This is an incredible utility coin that does everything Bitcoin claims to do but better. You need to know what you are investing in first and foremost. Invest and hold for 100 years.

>>29828621
>Is there a service similar to Changelly, but which dont ask for email or a login, and dont keep tabs of your activity?
Read the OP
>kycnot.me
Its literally in the OP
All these services have AML policies so if flagged suspicious they ask for KYC. Changenow is the very best because if you don't want to KYC they just send you back your crypto, other services will just hold your coins if you don't KYC.

>>29831432
Cute!

>>29862642
NGMI

Bump

When atomic swaps come this year what price do you predict? It will open up xmr to a lot of countries that have it blacklisted right?

>>29868325
How does 5 million dollarinoos post hyperinflation sound?

Please, feather, add support to hardware wallets!

>>29862739
Mnemonic on a used toilet paper. Stored in airtight container.

>>29862739
I store it on the exchange like a fucking baller

>>29868325
I kind of feel like it'll be a nothingburger or even sell the news event since people can already buy it through a bunch of different places with no verification required.

>>29868832
There's a huge security weakness formed between using the toilet paper then travelling to the airtight container. Your most secure method is storing the used toilet paper directly in your bum

>>29868325
I'll be very honest here. I'm not sure new "improvements" such as atomic swaps will quickly increase the price of Monero. Only the usage, years after years, will make Monero really shine.
I am investing in another coin (that I will not name) that just announced two very, VERY serious and well known partners... The price of that coin didn't go up that much after the release of that news.
Imo, the future of Monero is based on:
1) Patience (since it is based on actual very good tech, it will flourish).
2) Dark net usage. Like Bitcoin in the beginning.

>>29868841
So that they can loan your XMR without you knowing for some other guy using it to short your investment? Absolutely cucked.

>>29868988
you underestimated the amount of traffic to my bum

>>29869061
It will drastically increase it's value. The silk road wallet alone that is blacklisted by the US treasury contains 100,000 BTC.

>>29869102
>you keep it on exchange
>they lend it to some faggot, who shorts with it, dropping the price, letting you buy more cheap Monero

Who’s REALLY getting cucked?

>>29869061
Based I don't want it to moon yet I need to accumulate more

>>29869231
True, fair point. Still have to be careful to not goxxed. And with XMR you will never ever see those coins back.

>>29869166
Cool, I hope I'm wrong about this.

>>29869061
I've been think the same thing, I'll dump my shitcoins near the end of the bullrun and buy back into Montero after the crash.

>>29869293
I would be happy if it keeps crabbing while BTC dumps.

>>29869363
It is pretty much a given. There is a lot of blacklisted BTC locked up, that cannot be traded away easily. Atomic swaps offers a trustless solution.

>>29869529
>It is pretty much a given. There is a lot of blacklisted BTC locked up, that cannot be traded away easily. Atomic swaps offers a trustless solution.
Would people want to trade the opposite way if there is a significant chance of receiving blacklisted BTC?

>>29847660
>>29848107
bros, i'm holding my stack for at least 10 years. godspeed fellas.

>>29869673
I believe the way atomic swaps are being set up the monero holder will be able to view the bitcoins first, and can then decide to abort if they are blacklisted.

Can anyone redpill me on the XMR coin supply? Some anon mentioned the finite BTC supply vs XMR’s infinite(?) supply like it was a bad thing.

>>29870163
Once the last block of Bitcoin is mined, the only way to inventivize miners is spiking transaction fees. Monero will reward 0.6 XMR per block forever, which means hash rate will stay steady and thus transactions will remain fast/cheap.

>>29869061
>The price of that coin didn't go up that much after the release of that news.
exactly, that's usually how it goes.
buy the rumor, sell the news

>>29858912
A couple guys who were involved with the Monero Project (a dev from the R&D team and a Monero advocate) invited the CEO of Cyphertrace to an interview to talk about this claim that Cyphertrace had developed a tool that could track Monero. While he didn't disclose exactly how the tool worked, he basically said that they look at ring signatures, and assign a probability (of if it's authentic or not) to each of the signatures using other metadata (time of the transaction, the fee amount, and compromised signatures/data from crypto exchanges like Kraken or Binance).

This kind of tracing could only be useful in very short transaction paths. For example, if you buy Monero from Binance (and you can assume that Cyphertrace/DHS has access to Binance's internal data), the transactions that you send out of that exchange will have the ring signature compromised, the amount compromised, and your receiving address will be compromised (a stealth address will be recorded on the blockchain, but exchanges will store the real receiving address you provided). So, now that you've moved your XMR off of an exchange, the only thing that would likely ruin your plausible deniability is immediately sending your XMR to an undercover FED. That narrow transaction trail, as well as the timing/amount, is important because it would affect your signature probability score:

>[compromised wallet (exchange wallet)] --> [private wallet] --> [compromised wallet]
The amount of XMR could be probable cause. For example, if you want to buy exactly 7.9514XMR worth of LSD, and you purchase that amount of XMR off of an exchange, send to your private wallet, then (unluckily) send to an undercover FED, well... They can put two and two together.

TL;DR Monero traceability relies on one party overseeing funds {sent to / received from} compromised wallets, and doing a lot of guesswork to determine which Monero trail is the real one. The more people using Monero, the harder that guesswork becomes.

>>29870348
Isn’t that a good thing? Possible store of value without being totally useless? I’ve gotten gouged on dozens of random transactions before I started stacking XMR seriously. Nothing comfier than moving undisclosed amounts of monero between various wallets for next to nothing.

>>29817676
Thinking about setting up a mining rig. What consoomer CPU is good for this?

>>29870602
Unless you have solar power in your house, it’s not worth mining

>>29870602
https://monerobenchmarks.info/

>>29870563
yes. most modern economic theory is bunk, but one thing they have gotten correct is that a little bit of inflation is actually a good thing, as it encourages active usage of the money instead of hoarding it. with PoW crypto, it's doubly good because it helps decrease fees. and this is before factoring in natural deflation resulting from lost wallets.

>>29845184
>wikipedia page for monero
I remember this was really good and then it all got deleted because for sources you can't link to where something literally happened, you have to sight a news article where some Jew talked about it. It looks better now, more filled out at least but still kind of a negative slant. Not as good as it once was. I really hate Wikipedia these days.

>>29870163
>>29870563
The concern with Monero's supply is how those tail emissions will affect the value or price of Monero. Bitcoin's high value comes from its finite supply that will slowly dwindle with time as more wallets become lost. A 0.6 XMR block reward will amount to 157,000 Monero being created every year, for as long as Monero exists.

A lot of the FUD surrounding Monero's coin supply is related to inflation. Some will argue that Monero is steadily inflating at the same rate that new Monero is being mined. Some will argue that inflation (or the devaluation) is based on the annual percentage of the total supply being added, which means that Monero's never-changing rate of tail emissions will cause the percentage of new Monero entering the supply each year to always be less than the previous year's.

>Year 1: 18,000,000mj + 157,000mj = 0.87222% increase
>Year 2: 18,157,000mj + 157,000mj = 0.86468% increase
>Year 3: 18,314,000mj + 157,000mj = 0.85726% increase
This is what they mean when they say that the inflation of Monero will "asymptotically approach zero".

>>29817676
Lame

>>29872198
thanks bro.
>>29872777
fucking checked bro.

xmr community is the best community.

>>29873098
monerbros... we lost. the might of this fud is too strong......

>>29873369
fir uk id fudding monero, kek

>>29873369
AAAAAAAAAAAAAAAAAAAAAAAA

>>29873715
lol, pussy

>>29870467
>compromised signatures/data from crypto exchanges like Kraken or Binance
>[compromised wallet (exchange wallet)] --> [private wallet] --> [compromised wallet]
In the general yesterday I linked to something that talks a bit about that
https://www.monerooutreach.org/breaking-monero/poisoned-outputs.html
In a lot of posts that I read people seem to assume xmr is just 100% untraceable and use paths like the cashapp -> cake wallet -> cold storage that even I posted above in this thread. But I assume cakewallet data is fed directly to blockchain analysis algorithms.

>This kind of tracing could only be useful in very short transaction paths.
It's sort of confusing to me but from that transcript:

>If you have two people that are involved on both sides of the transaction again. Let’s say you have Eve here who sends funds to Alice who then sends funds to an exchange early on.
>Well, there’s not a very deep transaction graph and so Eve and the exchange have at least a decent idea.
>They can do a statistical test that has a pretty high degree of probability.
>But if there's only one test all the way down here [base of the tree], there’s a ton of other entropy that could occur and the statistical test is far weaker.
>But if a user does this twice, sure it might be deep down in the transaction trees, but there are several trees that they can collect information from.

So I guess that just means reusing addresses, but there's also another video about linking subaddresses so a new wallet for each withdrawal from an exchange might be necessary to stay completely anonymous.
https://www.monerooutreach.org/breaking-monero/subaddress-association-janus-attack.html

Currently stacking:
>GRT
>ADA
>LINK
>XMR

i just want to make it lads

>>29818987
kek

>>29817676
piano teacher here, a student agreed to start paying me in XMR today :)

>>29870602
Ryzen 3900x

>>29872777
checked, nice digits

>>29849650
I am, it's so predictable that you can just use Binance margins to make mad profits.