/biz/ - Business & Finance

threadly-reminder that this is the perfect Monero-chan

lol @ that pic OP. well done

too comfy with an (unknown) stack

>>30089924
Dangerously based

>>30089924

>>30090054
Pleb opinion

>>30090338
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

wtf is this shit

>>30090054
yikes

>>30090553
Get a real ISP without CGNAT.

>>30090598
lol, I live in the USA, we don't get choices for ISPs. They are all mini-monopolies for their area.

It was working just fine for days. Why all of a sudden an issue?

>>30090666
>lol, I live in the USA
So do I. I'm on fucking Comcast and I don't have this problem.

monero will be BANNED
BANNED BANNED BANNED

>>30090692
I'm on fucking Comcast too bro

Why has the XMR price decoupled from BTC?

>>30090712
I see we meet again shill.

>>30090732
Then turn off the xfinitywifi AP on your router. Someone is doing bad things on your network.

The world will collapse and only the most resilient decentralised networking structures will survive.

>>30089924
is kucoin safe? I want to buy cryptos but afraid of transferring fiat over to it

>>30090748
>Why has the XMR price decoupled from BTC?
It's the only coin whose entire userbase is in it to use it rather than speculative trading. Any coin that doesn't always move in unison with BTC is therefore interesting.

>>30090666
>They are all mini-monopolies for their area
I hate this so much. what the FUCK capitalism do your job

>>30090732
if you have a large number of miners you may need a proxy?

>>30089924
Waiting for a retrace to 0.002

What is the suicide and make it stack, respectively?

>>30090763
You underestimate me anon. My xfinity router is in bridge mode to a homebrewed pfsense router. There is no shadiness going on on my network.

>>30090817
But it did correlate with BTC until October 2020.

>>30090918
<unknown> and [redacted]
But really it's a function of what your personal levels for suicide stack / make it stack are in current-day fiat equivalent, and what your expected price floor is long term.

>>30090772
Kucoin is fine, I use them all the time for crypto-crypto trades. Don't see why fiat would change anything

>>30090598
Wtf...I thought it was shifting to Ipv6 and problem solved

>>30091183
IPv4 peers would still use CGNAT. You can tell xmrig to listen on IPv6 only but not all pools have that.

>>30090824
it is. lmao. this is State Capitalism. these companies were granted monopolies by the state.
without a state they would do the same, it sucks either way.

>>30091292
you know, I have been reading this post and thinking, How can i profit off this?
I shall invest in utilities companies. Next to no competitors so they can give shitty service at exorbitant prices
*rubs jew hands together*

>>30090824
Wut? Monopolies are the end-game of capitalism (see: the literal fucking game Monopoly). Capitalism creates monopolies inevitably, government's job should be to prevent them or break them up.

do I need any coins other than monero? I've just spent the last two hours reading about polkadot and kusama and everything involved in this just infuriates me, I don't know what any of it's about or the use value of it. Kraken lets you "stake" polkadot, kusama, ethereum, etc. for some high percentage of annual returns and I don't know if it's a good idea. It seems like a massive scam that's become way too big, it's nauseating. Please advise.

>>30089924
How does monero protect you from IRS?
They still know when you convert it to fiat.

>>30091732
Monero chan gives em a beatdown when they come knocking

>price dumps
>Zecucks and Dashlets come out of the woodwork to “fud” Monero
>we are still several hundred % above my average buy price

Aha oh noooo aaaaa please nooo ahaha

>>30091664
My folio is 50% XMR, 25% BTC, 10% ETH, and 15% for shitcoin gambling (and even then I try to gamble on projects with good fundamentals).

Fuck all the rest of this ponzi bullshit

>>30091837
I wonder if this needs a Monero chan edit

>>30091225
You're definitely tripping out bro, xmrig doesn't have to listen at all.

>>30091732
Not off you use localmonero and trade it for cash. You ain't gonna be offloading millions that way but you could definitely do thousands depending on how much you want it.

Personally, that's a hassle and I'll just pay my taxes. But it's doable.

>>30091732
One day we will be able to buy tendies with XMR

>>30092116
long term capital gains are low , and in usa you can cash out 52k a year at 0% r ate if no other income. thats more than enough for most peolle

>>30092168
There used to be onion marketplaces selling amazon gift cards for monero, you can order tendies from amazon.
Not sure if it still works or how stealthy spending mass amounts of amazon gift cards is when it comes to the tax man.

ok guys i haz question. i started buying xmr back at the delisting. and been buying since. i feel like ive noticed that the monero charts, are extremely more erratic than they were prior too, and shortly after the delist. what was once small fluctuations and relatively steady chart movements, is now spastic, seems to be highly volatile, looking at the chart on any aggregator website, the chart looks like a fking food coins atm. nonstop valleys and peaks... im just curious as to what other xmr anons might think about this.

CRABBA
*BANG BANG*
CRABBA
*BANG BANG*
CRABBA
*BANG BANG*

>>30093054
It's the same across the market rn, BTC dumping and crabbing between 45-50k has everyone jumping in and out

>>30091732
Cash out through some non-KYC offramp, like localmonero. Personally, I always comply with all applicable laws in my cryptocurrency dealings. It's just too much risk and you should support the state apparatus!

>>30093329
>>you should support the state apparatus!

>>30093329
There's too much red tape though. I wouldn't mind paying the money, but I'm too lazy to deal with all the paperwork.
I'll just hodl for a few more years and hopefully a better solution will present itself.

>>30093558
I suspect being lazy and hodling XMR will prove to be more lucrative than trying to outsmart the market.

>monero chan pictures with visible eyes
ABSOLUTELY HARAM

>>30094247
should I give her sunglasses?

Is $500 possible this year?

$220 stable coin

>>30094421
Bobo activated crab mode. Sorry Bobo, I won’t sell you my Monero for a measly $220.

Bros I'm so fucking comfy

>>30094421
God bless America

I wish i had at least 1xmr..

>>30091176
mothafuckabogodofffffffffs

>>30094421
It was a $150 stable coin a month ago

>>30090054
I like her.
We can have more than one Monero-chan. Just keep the fat ones out.

Someone tell me why I shouldn’t sell my 10k ALGO stack and all in Monero.

>>30095343

>>30095347
Are you looking to use XMR?

>>30093250
ULULULULULULULULULULULULULULUUUUUU

WHO SUMMONS ME

>>30095419
No but its tech fascinates me more than any other coin.

why is it so difficult to buy low and sell high yet its very easy to buy high and sell low?

>>30095551
Most people don’t have the patience to watch something crab for days/weeks while others are pumping off hype

>>30095515
That's cool.
I think it will go up in value in the long term but this coin is more meant to be used as a coin rather than making money with its value going up.

>>30095347
ALGO and XMR are complementary. I'm stacking both.

>>30091652
capitalism is competition.
regulation pushed by company lobbyists creates environments in which bigger companies have an upper hand on smaller companies so monopolization is possible.
the game monopoly is not realistic

>>30095403
delete this
holy shit

>>30096083
Value will centralize itself on the most private chain.

Shitcoins for gambling, Monero for taking profits.

>>30095300
This, lol

>>30095403
>monerochan is a fat tranny

>>30089924
Ok, but how is it going to fuck me?

>>30096267
lmao yeah. the damn regulations!
monopolies form either way. but yea, we have state capitalism right now.
the forcible prevention of states within this economic zone (North American Free Trade Area)

theres no way this isnt being accumulated right now

>>30097981
What do you think I’ve been doing for the last 3 months? Feels good man.

>>30096709
is there a single other coin that you believe has as strong a fundamentals as XMR? all the other 99999 alt coins cant be complete shit can they? isnt there something else trying to do something fundamental like XMR?

>>30098550
i mean for the past couple weeks where it's been bouncing between 230 and 200

>>30098552
no they are all total garbage, no exceptions

>>30098809
so is it that XMR chads only really hold XMR long term? nothing else? im not talking about gambling on shit coins.

>>30098809
also, i was here in 2017 and saw the link shilling, didnt buy. 4 years later its fking 30 bucks, and the memes and community are still bullish. jw watdo

Ok but how do you cash out monero without the IRS sniffing around

>>30098552
>something fundamental like XMR
In terms of privacy? No. In terms of other things, well nano is optimizing for speed and ease of use but it's community is tiny and is without any sort of privacy. Frankly, things aren't looking good for it. I think this shows how important the network effect is for crypto. XMR is lucky since it has the best fundamentals and got adopted by drug dealers.

I'm sure there is some other crypto which is just so great at smart contracts and stuff but I don't understand the appeal of that shit. I want my money to be money.

>>30099128
I can understand the reasoning behind DeFi. But every single current DeFi project just seems like vaporware driven purely by speculation. Still, I think one day, something real will come out of that space. Wondering what the Eth killer will end up being.

>>30098552
There's nothing even close.

>>30099128
>I want my money to be money.
i hear you and thats why we hold XMR. is there not a single other coin tahts trying to do something people cannot live without? is there nothing else being worked on that the crypto community CANNOT live without?

>>30099361
I honestly think there’s nothing comparable today. Monero is the only coin that fulfills a need which exists today. Enough that people who otherwise have no interest in crypto use it on a daily basis. Every other crypto is trying to argue how they’ll fulfill a need which may exist one day.

>>30099361
>is there nothing else being worked on that the crypto community CANNOT live without?
I don't really believe so. It extremely private, low fees, and fast enough (certainly faster than bitcoin) for almost all use cases. It's baffling to me how much bullshit exists within this space. How many second rate implementations there are. And then how many speculators are out there willing to entertain this tripe in hopes of getting lucky.

>>30099479
>people who otherwise have no interest in crypto use it on a daily basis
this is a key fact, no other crypto can claim to achieve this

>>30099479
>Every other crypto is trying to argue how they’ll fulfill a need which may exist one day.
agreed, this is the conclusion ive come to as well, basically everything is a house of cards, built on speculation, moonboys, and socialmedia hype. the entire space seems to me a monumental dumpster fire waiting to happen.
>>30099662
agreed, its honestly terrifying taht 90% of the ecosystem exists solely off of hype.

I heard in a previous XMR general that you can mine ETH but be paid in XMR?

>>30099862
Yeah. Pool mining on moneroocean with algoswitching. They have a custom xmrig repo which you can use.

>>30099862
moneroocean.stream

>>30091930
>>30091837
Make it happen pls.

>>30091176
we need more numbers, trying to figure out whether i am the hope stack or the sui stack

>>30101243
hopes 1. sui is 18.7
50 comfy, 100 solid make it

>>30098552
There's theoretically useful utility coins like GRT, but theoretical use cases are pure speculation. In terms of actual real world proven use, you have Monero, Bitcoin (quickly being superseded by Monero), Ethereum (dying a relatively quick death), and Stellar (because traditional finance isn't prepared for privacy). Defi is the future for sure, but 95% of the coins out there won't be relevant by the time defi is.

>>30101243
If you have to ask, you're probably in the suicide stack. Hodling of XMR is not to be disclosed for any reason, anon. What matters more is holding on to Monero-chan.

>>30101456
solid take.

>>30090377
>>30095403
ew.

>>30090918
18.7 sui 100 ygmi

>>30099479
>>30099662
>>30099361
Bitcoin is a bubble. It has no real utility, and that's why I can't really see it retaining value forever. There's the slight possibility that it will become the "new gold", but I'm quite certain that all the problems it has will become too much of a burden over time. Cryptocurrencies that provide solutions to real world use cases have a much higher probability of retaining value on the long term.

>>30099267
>AAVE
>Vaporwave

Good morning XMR-Kings. Comfily holding XMR, browsing /biz/ and remote waging. Tis the life

>>30098552
Monero is THE privacy coin. There are other cryptocurrencies that are interesting projects such as BAT and the Brave browser.

>>30098552
The only good hold in crypto. Monero is the best digital currency there is. It doesn't need voodoo to do that. https://youtube.com/watch?v=7uLzaKlZSQQ

>>30098552
Beam is looking pretty promising. It's still early days but it looks like they'll be the first project to actually support proper privacy defi

>>30102201
>There's the slight possibility that it will become the "new gold

Eh, don't really see it happening given how insanely volatile it is and continues to be. Gold is stable and predictable and has been for thousands of years, you won't wake up one morning to find gold just crashed 50%.

"Digital gold" became the new narrative after Bitcoin failed to deliver on Satoshi's promise of "P2P electronic cash", and there won't be a third chance at moving the goalposts.

Who do I bank to avoid paying taxes when I want to trade my Monero for fiat USD?

>>30093742
Yes

>>30093054

So many people bought at different prices so it takes time toneven out those that bought in at 70 are probaly releasing half their bags

Then theirs people who buy it to make transactions from one country to another without bank restrictions.

Don't pay more then 230 for a monero coin

People who want to release some of their bags need to do it now at this price

Those that want stacks need to buy in now at this price.

Those that want to hold need to hold

>>30104938
Fuck off with your shit coin

This is a Monero thread

>>30090712
yesterday my mother told me she read that the ECB will go after crypto, and I told her that was bulkish for monero. she agreed. two weeks ago she told me btc is going to 100k, so knew to sell the top, bought an uq of xmr and parked it on paper

regulations = bullish for monero by default

>>30091664
eth has a shitload of value because it will decentralize iceberg-top finance, monero is the bellow-sea-level iceberg part.

personally i'm all in on eth infrastructure (rdn currently) and xmr. whatever profits i take from rdn i put on an xmr paper wallet

i don't know nor do i care what the wannabe eth killahs are doing

>>30092471
just woke up and was like wtf is a sóy marketplace???

>>30106138

thats a pretty amazing analogy and spot on imo. below sea level iceberg represents whats unknown to the world but if your smart enough you see a small tip above water level and u speculate what must be underneath the surface.

>>30099128
>luck had nothing to do with it, xmr has one hell of a flight team

My favourite part of having XMR is that nobody will ever know how much I own. There is something special about that.

>>30106354
not my analogy btw, i'm greek so i heard this analogy used to describe the grey economy (peer ro peer without receipts) many times.

given that my country used to be the leader of p2p transactions i can understand the importance of xmr more than people from first world countries

>>30106464

Its like driving around in your Lexus SUV amidst the carnage of a hyper inflationary world knowing you made it but people have no clue just how hard you made it. Beautiful.

>>30106488

I appreciate your perspective.

I wanted to buy one XMR but people keep saying that it'll never moon. Maybe I'll just buy one when I need it since the sat price isn't going to change anytime soon.

Some programmer told me monero can be tracked if you oberve enough transactions from the target. Is it true? Redpill me on this

>>30090712
Ban monero and this will happen:
>mining hashrates drop so low that mining becomes profitable for everyone
>black market good will flood the system
>XMR skyrockets

>>30090732
>sa i n o nega i shi ma su

Ahhh my japanese studies are paying off
Wtf is a sain

>>30090979
A lot of people are getting into XMR now as a way to bypass the Great Reset. That's why it pumped ahead of schedule last year. As for why it's not pumping right now in BTC terms, I'm not certain.

>>30106680
monero costs pennies to send, you can use new wallets for every transaction

>>30106768
"sign please"

>>30106488
>i'm greek
PAY DENBTS

100 monero when will i make it?

>>30106823
Ahh of course. Sign! I thought it would be sa i gi nu or something like tgat. Is there no japanese word/kanji for signing a document?

>>30106916
By 2025.

>>30106946
i think they probably say the english word "sign" when they mean a signature, because their custom was to sign with carved stamps called hanko

>>30106896
>PAY DENBTS
Man that phrase really takes me back.

>>30106946
>I thought it would be sa i gi nu
Why would it be that? Japanese is written phonetically, and the fact that katakana is used for "sain" indicates that it's a loan word.

>>30107098
Probably this.

>>30106896
come and take them. oh no wait you can't cause xmr

just got paid in xmd for some products i sold by a lad
i like it. gonna use this from now on
fuck u glowniggers

>>30106916

They should be up to 800 by August

>>30107098
I see

>>30107125
>Japanese is written phonetically, and the fact that katakana is used for "sain" indicates that it's a loan word.

True. I spotted the katakana but have difficulty recovering the original word out of it. I'm not native english speaker either and pronounce sign with a bit too strong gn...

Xmd is shit coin

You need real coins like BTC lite coin and Monero

I dunno if any of you monero chads could help a dude out I badly need to get new tires on my car and replace the head casket shit just happened and I’m in a shit position if you could help me out you’ll be my fucking savior and I’m sorry just only know you guys as the nice people here

8BsBTDaaiXcWxHnGyJdACxh6ikNmfdp3qHf6f4aiSAVeLLkazXuPPwVC5iXzdKSVPbT4Z9ZUpijhwf2CEVXVecDpDSWVk5g

>>30107253

Xmd is worth less then Dodge coin get the fuck out if here you stinky pajeet

This is a Monero thread

>>30107314
The 'g' is silent anon...

>>30107558
Uh... no it's not. You pronounce it "sign"

>>30107259

based off what exactly? hopium?

>>30107393
sent 1 xmr, enjoy

>>30107835

Based off of it being a slow build and Ukrainians that like to use it for transactions meant to be private

Eastern Europe likes the Monero

>>30107393
Sent ;)

>>30108264
So.. hopium then?

Its ratio is in the gutter and doesn't look like changing anytime soon...

>>30106680
https://www.monerooutreach.org/breaking-monero/
There are quite a few ways for targeted attacks. But at least for monero they are known, and even then it's still better than other cryptos

OK, I really like Monero. BUT, big institutions/corporations are very sceptical to Monero and my guess is that they will not buy in any time soon. Can anyone please explain to me the case for a potential MOONero? I do not see it as a plausible scenario in the near or even the relative long term as retail investors cannot have that much of a significant impact on the value (and right now I only see retail investors using the coin). Or am I completely wrong? Please enlighten me.

>>30110042
grayscale are looking into it

>>30091732
There are darknet guys who will ship you cash for monero

>>30090748
because we're using it to buy drugs you stupid faggot

>>30110042

Organized crime adoption, not institutional investment, is what is projected to drive the majority of Monero's future growth.

So as long as criminals start and keep using Monero the price will rise in lockstep.

>>30110042
>big institutions/corporations are very sceptical to Monero
good. fuck jews

>>30090824
>what the FUCK capitalism do your job
Usually illegal to compete.

>>30111468
based and moneropilled

>barely reached 50% of ATH this bullrun
>this if the future!
explain

>>30111682
market sell your mj right fucking now.

I bought at 0.005 BTC it will never reach there isn't it?

>>30112480
get a fucking grip

Hey anon have you checked $MCM aka Mochimo.org I am seeing it and thinking of getting in looks like the right time.

>>30098552
I mean there's BAT but that's about it, pretty much nothing else has a real world use case

>>30112480
iirc I bought some at 0.01 becasue I wanted to rebalance to xmr asap. I've still a positive investment so idc about it

>>30113293

You would have more positive investment if you just stayed on BTC fuck this coin it is the only red coin in the market

stupid coin

>>30101243
Hope Stack 1.87
Suicide 18.7
Break It 50
Make it 100
Generational Wealth 1000
Whale Stack 100k+

>>30094304
i can see her eyelashes, that fucking whore

what happened to trad muslim wives

Check Mochimo guys.

They are doing good work can you check and let me know.

Since a lot of people ITT seem to not understand the actual purpose behind cryptocurrency I've decided to write a couple of posts going into detail as to what the actual purpose and reasoning behind investing into cryptocurrency is.

The most important aspect is scarcity. Economics can be viewed as the study of scarcity and its effect on human behavior. Gold, Silver, Real Estate and paintings aren't special. They are relatively scarce which means their ratio to other abundant goods and services makes them relatively valuable.

Now comes the kicker: Real Estate loses utility for every new piece of Real Estate built. Which essentially makes it less valuable. Gold and Silver have an increasing circulating supply which inflates them by 2% and 3% a year respectively. Paintings aren't fungible and their individual pricing are more subjective as there isn't a market for paintings in general. Every single piece of art has a separate market in a sense making investment more risky.

Cryptocurrencies like Bitcoin however currently have an inflation rate of 1.1%. This is the scarcest an asset has EVER been in human history. People invest into Bitcoin because it's the scarcest asset known to man. Meaning that Precious Metals/Real Estate/Art will all inflate at a faster rate than Bitcoin.

Bitcoin was originally created to be a currency. But deflationary pressure and high fees prohibit it from being used. Contrary to what a lot of people think here that is actually a good thing for Bitcoin's valuation.

The formula to calculate inflation is M x V = P x Q.
M = Money supply (How much money is in existence)
V = Velocity (How much the money is transacted)
P = Price (How much of M you have to spend to buy a good or service)
Q = Production quantity (How much economic activity gets increased)

(1/3)

The M for Bitcoin is fixed at 21 million. The V for bitcoin is actually going down because fewer people use it to actually buy stuff with. But both these attributes lead to a fast dropping P. Meaning the prices of goods and services are going down for Bitcoin we usually see this as Bitcoin rising in dollar denominated valuation. But it should be true as well for amount of real estate/art/precious metals per bitcoin as well.

Now that you understand why people invest into Bitcoin (most scarce asset) and it essentially replacing precious metals as an investment class we need to take a look at Monero.

Monero has a constantly increasing supply (but still asymptotically approaching 0). M is bigger than Bitcoin. Monero also is actually used as a currency thus it naturally has a high (and rising) V. This means that in theory the valuation of Monero shouldn't rise as quickly as Bitcoin but also that the price is more stable and less likely to have high volatility like sudden drops in valuation. This is usually why BTC maximalists argue that Monero isn't a good of an investment as Bitcoin. The Higher M and V means the valuation will not be as high as Bitcoin's valuation.

HOWEVER this isn't the full picture. Let's say that both Bitcoin and Monero actually achieve their goals as what they have set out right now. Let's say Bitcoin actually manages to replace Precious Metals as an investment class altogether. Bitcoin reaches 21 trillion market cap but also the combined market caps of all precious metals as everyone in the world switches to Bitcoin instead. This would be around 80 trillion market cap or about ~$4,000,000 per BTC. But it stays around $4,000,000 in 2020 dollars because that asset class doesn't grow.

(2/3)

Let's say Monero managed to capture the global black market which is between 25-40 trillion A YEAR. 1 Monero would grow in valuation by $2,000,000 a year because the added productivity of the black market gets transfered into XMR valuation. This is why people invest in Monero. Not because they think of it as beating Bitcoin as an investment. But because Monero has a higher valued potential market to capture.

Finally let's look at the other cryptoassets in existence. Smart Contract platforms (ETH, ADA). DeFi, Dexes and all others. The problem with all of these projects is that they either have a very high M and if they aren't successful there won't be a lot of value flowing through them causing a low valuation. However if they ARE successful it usually means a very high V which negates the amount of wealth flowing through them. This means that DeFi, Dexes and smart contract platforms will have inherently low valuation perpetually outside of bubbles like we're in right now.

To give an example lets take ETH. It's highly valued right now because of a speculation bubble that it will have future adoption. Let's assume ETH actually succeeds and becomes what everyone dreams of. Now ETH gets perpetually made meaning a growing M. But it also keeps being used by Smart Contracts and Decentralized Applications built on top of ETH. Meaning an extremely high V. This V will directly scale up with the amount of usage ETH has. Thus it negates all of the wealth flowing through it. Thus there might be a situation where everyone uses Ethereum. Yet ETH still has a dropping valuation over time.

This is why serious investors like me don't take Platforms, DeFi, Decentralized Applications and Exchange tokens seriously as an investment opportunity. The only two actual assets worth considering are Monero as a way of capturing black market value and Bitcoin as a way of capturing scarce asset store of value (assuming Monero doesn't replace Bitcoin in this regard over time).

(3/3)

>>30114029
>Let's say Monero managed to capture the global black market which is between 25-40 trillion A YEAR. 1 Monero would grow in valuation by $2,000,000 a year
These don't seem like realistic growth valuations. Cash will always be the king of black market trade.

>>30114304
You missed the point. I was comparing btc,eth and xmr all respectively capturing 100% of the marketshare of each respective market. Realistically none of these three will capture 100% of their markets. It's just to illustrate that Monero has by far the biggest long term upside.

I wrote those posts because I'm getting frustrated that many of the new posters don't seem to actually understand the economics behind cryptocurrency.

>>30099128
>nano is optimizing for speed
Monero is optimizing for digital money. Speed is part of that just like privacy. Monero actually raised block times from it's original one minute block target to two minutes because it's strikes a better balance with current global internet latency. If you ask me, Nano is "optimizing" for a gimmick. It's a ponzi like everything else but it started at a time when crypto ponzis had a thicker veneer of legitimacy.

Bitcoiners actually made this argument about Monero back then. That it's a "feature coin". "We want digital gold, not a privacy feature coin." They were wrong.

>>30113944
>>30113989
>>30114029

Great posts, thank you anon.

>>30113944
>>30113989
>>30114029
high IQ high effort post right here

>>30104983
>there won't be a third chance at moving the goalposts
You're naively optimistic here IMO

>>30099862
https://moneroocean.blogspot.com/2021/02/ethereum-gpu-miner-setup-options.html?m=1

>>30113989
>Now that you understand why people invest into Bitcoin (most scarce asset)

People aren't "investing" in Bitcoin because of its glowing fundamentals, they're buying it because the price keeps spiking unnaturally, its a classic bubble:

>price goes up -> people buy in expecting the price to go up even more -> more people buying causes the price to go up


>essentially replacing precious metals as an investment class

Pipe dream, crypto will NEVER replace gold for the simple fact that gold retains its value even in the absence of electricity and internet. All it takes is a major ecological catastrophe that knocks out the power and wifi for crypto to be rendered useless while you'll always be able to trade gold coins for food & ammo.

Gold has a proven 4000+ year track record as a Store of Value, Bitcoin is barely 13 years old and is still considered a meme by most of the high finance establishment.

>>30116263
Who would want gold in a survival situation?

>>30114029
>the global black market which is between 25-40 trillion A YEAR

Where did you get this figure from? Globally, organized time generates $2 trillion per year.

>Transnational Crime is a $1.6 trillion to $2.2 trillion Annual “Business”, Finds New GFI Report

https://gfintegrity.org/press-release/transnational-crime-is-a-1-6-trillion-to-2-2-trillion-annual-business-finds-new-gfi-report/

>>30094421
>$220 stable coin
Based

>>30114304
>Cash will always be the king of black market trade.

Cash is actually a major pain in the ass for criminals. Pic related.

>>30116318
>Who would want gold in a survival situation?

It's doubtful we'd be knocked back to the Stone Age but in a prolonged shutdown gold would still be an attractive asset.

>>30116383
I should have used the term "dark economy" instead. I was referring to all unregistered financial activity in the world which is about 40% of global GDP global GDP is currently 90 trillion and growing about 3-5% a year.

>>30116263
I can guess purely from the way you're writing that it won't matter what I say you'll never change your mind so I'll keep it short.

The point is relative scarcity. Gold isn't some magical value rock. It is simply just a substance that is relatively scarce. If something comes along that is inherently more scarce it will be valued more than gold. Gold hasn't been "proven track record for 4000 years" instead it's more accurate to say that gold has been scarce for more than 4000 years, which is correct and why it garnered its current reputation.

I don't have the time or will to discuss the other points as I think they are irrelevant and discussion on them will just shift the conversation to discussing future societies instead of basic economics and the foundation of valuation through scarcity.

>>30090338
>ITS OVER
its over

everyone on this planet has an unknown amount of monero you are not special

>>30116983
Most people have an easily guess-able amount of monero, but you cannot guess my amount

>>30090977
Please teach me your ways, is there a good place to learn about making routers/your internet connection non-cucked?

>>30090977
>using cucked pfsense and not opnsense
shame

>>30094098
kek which one of you newfags was this, I probably have more xmr than him. Please stop acting like a retarded newfag when you shill xmr, it makes us all look bad.

Anyone has a quick updated guide on mining monero?

>>30113944
>>30113989
>>30114029
thank you

>>30118543
>mining on moneroocean with algoswitching. They have a custom xmrig repo which you can use.
or nicehash and exchange btc payments on the integrated exchange

>>30118543
1. Download XMRig
2. Choose a mining pool
3. Run a wizard to get the best configurations for your CPU
4. Run XMRig

I only recommend mining Monero on Ryzen/Threadripper CPUs are they're power efficient enough to justify it.

>$220 stablecoin

>>30119121
>>$220 stablecoin

It's called "organic growth."

>>30118966
>buy absolute top of the line cpu in market
>ROI 92759667398547 years
Yeah, really makes me want to mine monero. Fuck this shit stablecoin.

pajeet coin cant even moon properly back to $100 we go

>>30119645
>buy 5600X
>pays for itself in 1 year
?

I wonder how many people are going to rope themselves in the future because they traded xmr based on short term valuation Instead of seeing it as a buy-in signal.

>>30119984
>I wonder how many people are going to rope themselves in the future because they traded xmr based on short term valuation Instead of seeing it as a buy-in signal.

Its why they say "Patience is a virtue." If you're incapable of delayed gratification you're statistically going to do worse in life.

>>30119870
1 year is too long in crypto world.

>>30119121
I'm going to screencap all of these. I already have $50 stable coin, $80 stable coin, $100 stable coin, $130 stable coin, $150 stable coin, $170 stable coin and now $220 stable coin.

I'll post them all together when we reach $1000 stable coin this summer.

>>30120420
And it took you what, almost half a decade? Those pitiful gains are boomer-tier.

>>30117833
just get openWRT for your router. Probably the easiest way to go open source home routing.

>>30120505
10 months.

>measuring gains in fiat
ngmi

>>30120379
>>30119645
You also get a top of the line CPU though, not just a useless brick of ASIC.

>>30119645
>>30120379
>>30120505
>t. zoomer who grew up on the internet, and no longer has more than a 5 min attention span

Leave the thread then if you have the need to make 3 useless posts. If you want to buy goose eggs or toad token, go for it.

>>30120706
so it was you kek, all these noobs shilling xmr is high key a sell signal.

>>30113944
>>30113989
>>30114029
Based and saved

>>30120695
Gains should be measured in xmr but you can't do that with monero itself so we have to use USD

>>30117506
you can't guess my amount either.

I'm DCAing 5 euro a day into XMR for the next 5 years. Will I make it?

>>30120910
>newfag
Na

>retarded shill
Yes

I fud and shill monero for fun and to provoke responses.

>>30114029
Monero, having a higher V and hence being more stable would be a better store of value, especially since the value of the market it captures continues to grow. I guess bitcoin could be the best volatile pump and dump, which is fun of course, like a casino but better since it is zero sum over the long term.

>>30121655
and also maybe you should go back to plebbit instead of telling people to leave the thread. sorry that you can't remove posts and ban people at will here

>can't provide any decent reasons to mine monero aside from being potentially left with leftover computer parts after the stable shitcoin dumps to 0 even when never needing such high performance equipment in the first place
>engage attack mode
>F-fuck off zoomer..!!

>>30094304
Gloves too. Shamefuru!

>>30121967
Ryzens are what /g/ has been buying for years without caring at all about mining. It's free money if you have the CPU and it's easily resellable hardware if mining goes wrong. Not sure why it upsets you.

>>30121909
>wahhhhh who is this newfag wahhh hes making us look bad on 4chan wahhhh. HE CANT DO THIS.
>heh yeah, you told someone to leave the thread, go back to plebbit

Pick one retard

>>30113944
>>30113989
>>30114029
blah blah blah. no one cares about your booklearning, nerd.

>>30108264
>owning Monero
>disclosing
Kek.

Why is the general suddenly filled with retards? Monero general used to be immune from this shit.

>>30122448
>gay bait

>>30122566
Gaining popularity, of course

https://dailystormer.su/support-the-daily-stormer-how-to-buy-and-send-monero/

The natsoc sphere has embraced monero.

>>30122811
>>30122842
Ah nvm, that would explain it.

>>30121967
>leftover computer parts
anon, the top-tier ryzen cpus are very nice and easily resellable
>>30122566
Suddenly? We have always dealt with retards in these generals.
I think the generals have never been comfier to be honest. We have 108 posters out of 231. That's really good.

>>30122408
you can do whatever you want, but it's probably doing more harm than good if it even has any effect at all

Seems even the maxipads are starting to realize they need cross-chain swaps to achieve a modicum of fungibility.

Atomic swaps through XMR are clearly set to become the gold standard of coin mixing across the board and will push demand for Monero even higher.

In other words, between this and organized crime adoption Monero is looking very promising right now, everyone with enough sense to just HODL will make it.

>>30123622
>hurr durr it will become muh gold standard
This was said years ago and nothing has changed. XMR is doomed to crab forever.

>>30123750
Sounds comfy. I'll buy one just in case. How much will it be worth in 2 years? You can lie to me.

>>30123750
>This was said years ago and nothing has changed. XMR is doomed to crab forever.

Auto-fudding Monero chad detected.

based thread

>>30123750
thanks, bought more

Are the GUI wallet files encrypted?

>>30124462
>Are the GUI wallet files encrypted?

Yes.

https://monero.stackexchange.com/questions/1629/what-encryption-algorithm-is-used-for-the-wallet-keys-file

>>30120910
No, I will not be selling you any of my XMR for $220 USD.

An anon was talking about the value is compared to fiat USD. Why don't we price it in terms of a gram of coke?

>>30122842
>>30122931
Scoff at nazi reactionary types all day but this proves a very important monero usecase that everyone could benefit from at some point.

>>30089924
Oxen > XMR. sorry babe.

I've been holding since $20 / XMR, mostly leftovers from druggie times
I'm not selling below $2000

Ooh, yeah! All right!
We're crabbin':
I wanna crab it wid you.
We're crabbin', crabbin',
And I hope you like crabbin', too.
We're crabbin'
To think that crabbin' was a thing of the past
We're crabbin',
And I hope this crab is gonna last

>>30125285
Yeah but they could also take a day or two to read up on this stuff and not shit up our general.

>>30125380
> selling at 2000

Ngmi

my monero stock is doing a lil sum

>>30125040
somebody in th pmg thread compared the price of silver to the cost of a blowjob and how it historically remained stable exept for the last few years

>>30091732
Classic Bitcoin meme, but make it Monero now

>>30126515

Speaking of, this is fucking awesome: https://www.reddit.com/r/moonero/comments/lwbu1j/monero_matrix/

>>30126612
damn nice vid, you alright reddit boy

>>30098552
If you want to shitcoin gamble, look for utility plays. Cross-chain functionality, use cases you can understand in less than 30 seconds, solves a problem in the space.
LINK - Solves the oracle problem, provides accurate and resilient market pricing data; use case is necessary for continued crypto adoption
AAVE - crypto lending platform, allows you to access your crypto's value without triggering a tax event
SNX - crypto derivatives platform, enables leverage trading in a decentralized manner w/o KYC
GRT - the Google of blockchain, built on graphQL and provides pre-structured datasets ("subgraphs") for data mining/analytics; useful because small teams don't want to maintain their own data analytics tools, they want something they don't have to maintain themselves to build on
XSN - cross-chain dex that leverages state channel solutions to enable low-fee, instant trades; intends to deliver arbitrage bots on their platform; primary benefit is it delivers BTC as a native asset on a dex platform, which will bring cross-exchange arbitrage to the masses (a $20B per-day market)
UNN - collateral optimization/collateralized debt obligations for defi, enables you to protect yourself from downside risk on your crypto loans

Comfy

>>30110042
XMR is the only safe way for criminals to accept crypto for illicit activities.

Worldwide drug trade is a trillion-dollar industry, that right now primary transacts in literal, paper money. Imagine if you didn't have to smuggle your money back to Colombia after you sell $100M in coke - you could just structure it in USA, trade it for XMR, and not have to carry the cash around, all the while cutting out a third party who would have to carry the money and could be compromised by a rival cartel or the federal gov't.

What would that be worth to a savvy drug dealer?

>>30126612
This was so long and retarded that it slowly became comedic kino. He basically recapped the entire matrix movie with Neo as Monero.

why the fuck am i getting so many invalid shares

>>30121967
You don't get a Ryzen CPU for mining, you get it for work (where it shines) and you can leave it mining when idling, since it's power efficient enough to make a profit.
If you have a Ryzen 9 or a Threadripper, you can mine on 90% of the threads while you're not working, and the computer works just as well. I have a 3950X that I use for work, but when I'm doing something else (like, playing a VN or watching anime), I can leave 30 threads making >18kH/s on Xmrig while the computer is still responsive, without power usage going over 142W. Note that this computer would be turned on anyway, consuming 1/3 of that to 1/2 of that, even without mining.

Monero is not the stuff you mine to make a short term profit (like you can do with ETH now), but rather something you mine during your free time to lower the cost of your Ryzen CPU (forget Intel, I don't think anything above the i5-10400 is power efficient enough to break even mining).

>>30128843
Your picture makes me realize trannies use Monero to buy hormones to transition without medical licenses

>>30129333
checked and bullish?

I think the most bullish signal for monero is that it is becoming pretty popular with g tards (even though crypto talk is banned there). YouTubers like mental outlaw, and Luke Smith talking about it.

Most g type anons I speak with own monero

>>30129510

The Monero virus is spreading.

>>30128843
>working

>>30128303
Okay i think i fixed this by setting the initial difficulty to high

other anons with around 10,000-14000+H/s make sure to set ur initial difficulty high when you start mining so you dont end up sending invalid low difficulty shares

>>30089924
good morning fellow pedos!

>>30128303
You're getting scammed. When it comes to xmr mining your cpu is no different from jannies working for the pool operator f0r FrEe.

>>30129510
/g/ tard here. I kick myself for not jumping on btc in 2010 when /g/ was shilling it and gave away Bitcoins for free to anyone willing to set up a wallet. I thought it was a dumb toy and not worth my time.

Most oldfags now work in IT and aren't going to miss out on this 2nd chance. Especially as we actually have the technical know-how to know this isn't a shitcoin and is actually going to replace btc.

>>30130797

Amen to that.

what am i doing wrong here? I'm trying to set worker names for the different miners but clearly I'm getting the formatting wrong.

>>30131113
nevermind figured it out. needs to go in the quotes with the address

if someone were to hypothetically try to purchase off of binance, what's a good VPN that they could use without spending money?

>>30106680
Heard it all before, never seems to be proven

>>30131546
why not use kraken?

>>30131546
>Free VPN
>Good VPN
Choose 1

>>30131546
>good VPN
>free
there are none; any free one will harvest your info. use airvpn; really good company that even takes monero (though obviously you won't be able to pay with it yet). you can get 3 days for 2 euro.

>>30131546
>I
You should use Kraken. Support American companies that support Monero.

>>30131546
Just use KYC on kraken and transfer it to your own wallet. They can't track you anyway.

>>30131408
make sure to set your port according to your hashrate
if youre using supportmonero use
>3333 for <7KH
>5555 for >7<12KH
>7777 for >14KH

isnt zcash better?

>>30131720
>>30131726
>>30131785
>>30131797
made a binance account like 4 years ago, now it can only be used with a VPN because land of the free
someone has a few shitcoins they want to get rid of to trade for monero. guess the best option is to pay for a month of some VPN

>>30131962

>>30131962
>isnt zcash better?

No.

>>30106680
>>30131695
This was actually true in the past which is why they increased the amount of participants in the ring system to 11.

What an entity could do was flood one address (for example a darknet payment address) with tens of thousands of small transactions. Then when you a real user would also transact to this address they would see 2x their own address and 1x your address in the mixing. This would mean they could prove you transacted with that address.

Now that is still technically possible but the government would have to spend millions to reach 100% certainty on a single transaction. So unless you are a cartel leader you don't have to be afraid for now. The monero team is also looking at implementing a more permanent fix for this but it can only be implemented after bulletproof+

>>30131962
there's a popular xmr/zec rivalry but I like both desu. it's just that xmr is both a bit qualitatively better, and has more momentum as a standard medium of exchange.

>>30131962
Ask yourself why Monero is used by the darknet instead of Zcash.

>tfw posting in xmr general is bad opsec
>tfw xmr shills on this board glow hard as fuck "use kraken or cake wallet bro completely untraceable"
>muh tax evasion

>>30132738
oh no

The easiest anonymous way to acquire XMR is to simply mine it. Connect to the pool via Tor.

>>30094304
mashallah

>>30132472
>Ask yourself why Monero is used by the darknet instead of Zcash.

That alone tells you everything.

>>30132738
DELET DIS IMAGE

>>30129333
>>30130333

Yoooo my monegroes.

>>30132738

Should the GUI wallet work with torsocks? It keeps on failing to sync with this node:
https://monero.nolog.network/

>>30132830
That works if you have good opsec and doesn't want the government and ISPs to know you possess/mine XMR at all, but not very useful if you ever connected to a pool or visited Monero-related websites even once.
I don't think we're at a point where simply connecting to one of those is a problem. How many normalfags have miners installed in their PCs (without consent)? There would be too many false positives, regardless of what you intend to do with this list of people who might have monero.

>>30132054
Kek

Hey bros, just wondering something.

I run a business. It's just me. The business pays 100% of all income to my salary so the business pays no tax, i only pay income tax.

I'm wondering if i can buy XMR using the business income instead of paying myself, then i just cash out a small amount whenever i need to pay mortgage and what not. That'd reduce my income tax massively, buy not sure how i could say the XMR is a business expense. Unless i setup lile a fake hosting website and claim I'm paying hosting.

>>30090553
You have two rejected shares, that's likely the issue
Check the help section on moneroocean (home button in the top right) and look at the FAQ for the available ports, it should have a list of ports and the hashrate you want to use with them

>>30091664
i was asking this earlier, basicaly the answer is no. only coins with true use cases are xmr and btc. everything else is a literal ponzi scheme. make money while you can and get out before it implodes. 99% of the crypto ecosystem is vaporare hype ddriven bs.

>>30134909
>buy not sure how i could say the XMR is a business expense.

"Consulting fee" to an overseas entity, XMR is cheaper than a bank transfer.

>>30126612
Actually, this reminds me, one of the monero devs made a program that prints blockchain data in a matrix like fashion on your terminal, that was pretty cool

>>30093402
<im to scared to be free

>>30134909
My idea was to create a business and provide monero as rewards to white hack hackers to find vulrnerabilities that you purposely put in into software that the business creates, you get to write off the monero as a business expense. What the feds won't know is that you're the white hat hacker.

>>30094781
get your priorities straight, stop wasteing your hard earned wagie bucks on garbage, and buy a fking xmr now before it moons and you rope for not doing so.

>>30129510
It's a good sign, /g/ might not always be on the money with everything but when it comes to stuff like this they're usually right

>>30135376
I should clarify for the feds reading this thread, I'm way too lazy to commit to such a scheme but I'd imagine many people will do this

>>30135174
As much as I agree, ETH does provide a service with the fact that it's a distributed compute network, though it shouldn't be treated like a value store like it is now, merely a tool

>>30090338
if only this still worked. you could actually go to the "submitted" page without submitting anything, it was great for screencapping the tabs in your browser aswell and trolling the shit out of someone, they fixed it now

>>30135271
Decent idea. It would still need to look legit with invoices. I'll look into opening offshore businesses. Thanks.

Bumplimit, need new bred, this one's stale

>>30135752

NEW THREAD: >>30135812

>>30135837
Thanks bro

>>30114532
thank you for doing so.

>>30120420
doing true chad work. we all gmi

>>30120505
lmfao, boomer tier returns is less than 1% per year, and has been for literaly decades, basicaly a century.