/biz/ - Business & Finance

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.

>>30135812

Explain the privacy features to me like the brainlet I am, please

>>30135812
How's your guys' mining rigs doing?
Had a PSU death on my main rig, glad I own a stack of spares

>>30135939
It's not illegal to pay for consulting services with xmr.

>>30136036
i was mining and running a node at the same time so my hard disk ended up overheating and losing all its sectors

>>30135939
xmr isn't a security, so afaik your business could just buy it as a normal asset. purchasing monero would be the expense.

>>30135939
I guess i could just pay myself in XMR instead of fiat. Will nees to look at the tax laws around that.

>>30135939
Tax > Jail

You are laundering money, monero being monero makes no difference. They will notice all the money disappearing and then you will dissapear.

>>30135939
If you are receiving money, you are gonna have a hard time avoiding income tax unless it's cash. And you would also have a very hard time claiming XMR is a business expense, and if you did, you'd be required to keep detailed logs of everything.

If you wanted to *evade* taxes, which is the illegal cousin of avoiding taxes, then you could just straight up accept XMR as payment rather than USD and simply not record it. Of course, you would do this at your own risk. And depending on your business, this might be impossible (like if you sell candles to boomers, they're not gonna know what XMR is.)

>>30135939
could you say you are keeping a portion your businesses cash reserves in monero
if tesla can put 1,5Bn into bitcoin cant you just do the equivalent with monero
>t. not a business owner

>>30136036
>14KH 3900x, 3000 RAM OC to 3200
watercooling coming soon

>>30136242
The idea was to still pay taxes, just reduce it by only ever having a small amount of income.

>>30136242

Taxation is theft, plain and simple.

>>30135964
Alright, as simply as I can:
>Transactions do not display totals on the blockchain
>Send/Receive addresses are obfuscated meaning you can't tell who's sending who what
>Nodes are built with TOR/I2P support by default so you can hide your IP when running a node

>>30136136
That sucks, at least it wasn't an SSD though
A while back I had an SSD in my R710 and the RAID card in it basically mulched the thing's read write cycles in a month
Best bet is to try and keep that stuff on SSD but I guess it's a bit late for that

>>30136349
Very nice, I just stuck a liquid cooler on my machine last month, managed to get 4.2GHz stable without blowing past 90*

>>30136454
When you threw away that last box of tendies where do you think it goes?

>>30135964
>Explain the privacy features to me like the brainlet I am, please

>How is Monero’s privacy different from other coins?

Monero uses three different privacy technologies: ring signatures, ring confidential transactions (ringCT), and stealth addresses. These hide the sender, amount, and receiver in the transaction, respectively. All transactions on the network are private by mandate; there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero. You do not need to trust anyone else with your privacy.

>How is Monero different from Bitcoin?

Monero is not based on Bitcoin. It is based on the CryptoNote protocol. Bitcoin is a completely transparent system, where people can see exactly how much money is being sent from one user to another. Monero hides this information to protect user privacy in all transactions. It also has a dynamic block size and dynamic fees, an ASIC-resistant proof of work (RandomX), and a Tail Emission, among several other changes.


>What is fungibility, and why is it important?

Fungibility is a simple property of money such that there are no differences between two amounts of the same value. If two people exchanged a 10 and two 5’s, then no one would lose out. However, let’s suppose that everyone knows the 10 was previously used in a ransomware attack. Is the other person still going to make the trade? Probably not, even if the person with the 10 has no connection with the ransomware. This is a problem, since the receiver of money needs to constantly check the money they are receiving to not end up with tainted coins. Monero is fungible, which means people do not need to go through this effort.

>>30136242

>>30136169
I'll look into this. Thanks.

>>30136395
im a brainlet but you mean a lower tax bracket? maybe xmr can be an expense? but youre still paying tax on it when you cash to fiat

>>30135964
>Brainlet explanation
You use money on an exchange to buy Monero. Then you send Monero to a private wallet. Monero can't be seen by anyone so it's completely private. You can buy drugs with it because it is so private.

>Midwit explanation
Monero uses an encrypted ledger so all data on the blockchain is encrypted and only you have the key to decrypt your personal address, amount and transactions. You can't see what anyone else did except yourself though.

>High IQ explanation
If you send a transaction with Monero. You generate a fake one-time address for whomever you send it to. Then your output gets mixed with 10 other fake addresses so it can't be traced. The amount that is transmitted is completely hidden but calculated by miners to be correct even though they don't know the actual amount contained within. They use PhD level mathematics to figure out how to still check to see if the transactions are legit and not forged while not revealing the actual transaction amounts.

>>30136036
Rackmount Xeon with software RAID on spinning rust. I'll be fine basically forever, or until I replace the server.

>>30135953

Monero gangster Pepe is awesome

>>30136395
Trust me, it’s never worth it. You are dice rolling years of your life.

>>30135812
How can I buy this safely as a burger?

>>30136642
Nice, I had to do a 1TB RAID0 for my R710, still need to see if I can tune it to run half as well as my R815

>>30136742
Try localmonero or just straight up mining

>>30135812
For anyone who is smart here, how viable is it for point of sale systems to exist for Monero? Do they exist for Monero yet? Non-KYC solutions only, no different than paying with cash IMO.

For example:
>go into pizzeria
>they pull up a qr code for the tx
>i send them monero from my wallet
>they don’t know who I am, it doesn’t really matter does it?
>i get to enjoy my slice of pizza

>>30136582
>>30136520
>>30136582
>>30136621
Thanks lads

pay tax goyim someone needs to buy those missiles for israel

Dont pay more then 230 a coin for Monero

So how do I use Monero to avoid paying taxes on my millions of dollars in unrealized gains?

>>30136742
The privacy of Monero is so good that you can buy it everywhere and just transfer it to your private wallet and no one can trace it. So it's safe to buy from kraken and then transfer it to a private wallet so no one can trace it.

>>30136794
Also curious on how I’m supposed to use this irl

>>30137004
Apologize for Waco

>>30136794
>>30137085

This is a great resource for anyone looking into this: https://www.monerooutreach.org/merchants/ in particular https://www.monerooutreach.org/merchants/monero-retail-resources.html for your example

>>30137148
I'm not a glownigger if that's what you're implying.

>>30136794
Due to privacy reasons Monero needs to do 10 confirmations. This means it will need to be recorded on the blockchain and checked multiple times before being spendable again. This is so the government can't do some spooky shit to your funds.

However this means that it will take at least 2 minutes before the payment is received and another 4-8 minutes for them to confirm payment. Paying for a pizza might be awkward if you have to wait 6-10 minutes for the payment to go through although it beats Bitcoin's hour long transaction time.

Bulletproof+ that will be implemented late 2021 will reduce waiting time to around 1-4 minutes in total. But that still isn't ideal.

Monero is best used for online purchases, illegal purchases or large payments.

>>30137364
I just thought it would be funny to say
Make a wallet, exchange coins/money for monero on non-KYC exchange, send to wallet
I pay my taxes though, mostly because I don't have a lot to pay

>>30137004
>So how do I use Monero to avoid paying taxes on my millions of dollars in unrealized gains?

You're going to have to wait for atomic swaps to do it properly.

>>30137634
God damn I need to buy more before atomic swaps happen and it gets too expensive
Being a poorfag is suffering

>>30136621
Retarded but interested nocoiner here. If transactions and amounts are obfuscated, how does anyone tell what the “accepted” price is?
I’ve been looking for a SoV crypto for a while now but never made the leap, and Monero always had my eye due to my penchant for privacy.

>>30137427
this is idiotic. its a pizza dude... 1 block 2min wait is all you need. hell, if it was my shop id be happy with it just being in the mempool.

>>30137755
>God damn I need to buy more before atomic swaps happen and it gets too expensive
>Being a poorfag is suffering

There is still time. Even if AS dropped tomorrow its going to take a while to set up a functional swaps market, work out all the bugs and build liquidity.

>>30137427
Yeah I was gonna say this: >>30137857

You don't need to wait for the full block confirmation

>>30137782
It's a nifty cryptografic concept called "range proof". The amount is encrypted, but you can still do (simple) calculations with the amount. In particular the code checks that all inputs are positive values and that the sum of all inputs and outputs is zero.
Both the sender and receiver can obviously see the amount.

>>30137782
>how does anyone tell what the “accepted” price is?
I don't really know what you mean with this. Do you mean how do you know if the price transacted is accurate?
If so then Monero actually invented some new math to do so. Turns out using math you can do some calculations that proves the transaction is accurate and the amount transacted is the same without knowing the actual amounts involved. I can't go into details about it because there have been scientific papers published about it. But it's called "RingCT" if you want to read more about it.

All you need to know is that it really works.

>>30137857
I'm kind of a idealist and I dislike that people would compromise the 10 confirmation cycle no matter how small the transaction.

>>30137232
Sweet I will take a look.

>>30137427
I read somewhere that 0-confs is sufficient for most small payments (say 20 bucks or so). Why is 10 confs really necessary?

>>30137427
your information is incorrect. Bulletproof+ has no impact on block time. Bulletproof+ has impacts on verification speed when syncing a node, as well as the size of the blocks.
With monero, if you can quite reasonable see a zero conf payment and accept it, and with Monero these are pretty much instant. If you want to wait for a few confirmations, then you can wait 2-6 minutes to get a couple, although this is unnecessary.
>>30137782
>how does anyone tell what the “accepted” price is?
I don't understand what you mean by this.

So are the atomic swaps basically fully anonymous? For example if I have some XMR in my wallet and atomic swap to btc/ltc, there is no way to say how I got the ltc or btc?

I sent myself 0.001 XMR from Binance to a cold wallet, but I can't see the amount in a view only wallet for that cold wallet. Is the chinese jew scamming me?

>>30138101
>I'm kind of a idealist and I dislike that people would compromise the 10 confirmation cycle no matter how small the transaction.

It's not compromising it, the transaction will still do the 10 confirmations like any other, the difference is you can just send the consumer home instead of making them wait 30 minutes in line

>>30138303
are you synced to a node?

>>30135812
op please add these links to your copy pasta

https://www.youtube.com/watch?v=wq6w03E2DS4

https://www.youtube.com/watch?v=REC5V7d3pqM&t=3157s
dr kims videos.

>>30136794
>>30137085
Monero does not have the "replace by fee" feature of bitcoin. Therefor transactions can not (easily) be removed from the mempool. In practice true zero-confirmation transactions are possible, it only takes a few seconds for the transaction to get into the mempool.
Waiting for blocks increases security. One block might be enough for semi large purchases (ie. a phone or tv), I'd wait the full 10 blocks for a eg (new) car.

>>30138101
weird... i mean the 10 blocks still happen whether the customer is in front of you of you or not.

its supposed to be a currency, nobody is buying from the pizza shop that makes you wait 20 mins while it sits there on the counter or before you start making it. im drunk.

>>30138232
I thought the block size reduction achieved with Bulletproof+ was supposed to also increase block time to once per minute instead of once per 2 minutes or is that not locked in stone? I heard fluffypony talk about it somewhere.

>>30136242
true, but you will make the poors/children on this board seethe by saying this.

>>30138400
I definitely agree that Daniel Kim should have at least one video in the pasta, preferably labeled as "XMR Redpill". We have been having great success winning anons over with those videos. Kim is our Andreas.

>>30138419
no, you likely misheard something.

>>30138101
>>30138232
Like I said, I am retarded.
I mean how do you find out, when buying or selling, what the exchange rate is?
Transactions within an exchange are presumably non-private, right?

>>30138293
>So are the atomic swaps basically fully anonymous? For example if I have some XMR in my wallet and atomic swap to btc/ltc, there is no way to say how I got the ltc or btc?

Correct, the swap will look like an ordinary transaction on the BTC/LTC blockchain.

>>30138419
the blocktime used to be 1, and was bumped up to 2. this allows more trannies to be included in a block.

>>30138411
How exactly does monero prevent mempool spam?

Ex: I, the user, decide to send .00000001 Monero with a super low tx fee, and send millions of those in an attempt to destroy the network.

i only use XMR to buy drugs, never actually invested in it though. Where do you guys expect the price to go in the next few years?

>>30138777
Dynamic block size. Basically if there are enough transactions occuring the block size can go up. However when the block size goes up the fees goes up as well precisely to combat the situation you're describing.

If the transactions stay that large for a certain amount of time (months) then the blockchain adapts to the new block size and normalizes fees for it so that in the long term the blockchain can scale up to more adoption while still preventing spam attacks by raising fees for short term enlargement of block sizes.

>XMR Thread

>>30139070
>i only use XMR to buy drugs, never actually invested in it though. Where do you guys expect the price to go in the next few years?

Assuming continued organized crime adoption and atomic swaps mixing, 4-5 figures.

>>30138570
you go to an exchange and look at the price of Monero?
>Transactions within an exchange are presumably non-private, right?
yeah. Once you get Monero on an exchange remove and send to your private wallet asap.

>>30139144
Oh so the mempool can reject transactions that have too small tx fees?

>>30138777
Good question, I'm not sure desu.
There was an attack (before bulletproofs were introduced, septermber 2017 maybe?) that caused miners to exceeded the minimum block size. Maybe you can find more details on that.

>>30139144
>However when the block size goes up the fees goes up as well precisely to combat the situation you're describing.
Do they? I thought it's more like bitcoins "fee marketplace" where the highest fee gets priority to be included in the block. You could still flood the mempool with cheap tx, which would not be included in the blocks but slow down the nodes.

>>30139334
>Once you get Monero on an exchange remove and send to your private wallet asap.
What if im just buying some to hold for a few years and sell later? I have my own private wallet but i dontr trust myself not to buy drugs with it if its sitting there

>>30139562
I don’t see why it being on an exchange would change that.

>>30138345
nvm, I can see the balance now. I connected to a remote node over tor, but I had to try a few nodes to find one that works properly. Some failed to sync

>>30139720
I've had a rule where anything i buy on kraken, stays on kraken as an investment and stuck pretty well to it. Whereas any BTC/XMR i've sent to tails i just end up overspending on buys

>>30139562
Just keep the mnemonic seed written down somewhere and just that, so it would be a pain to restore and resync

>>30135812
I hope all your XMR moons past ETH, I dunno if anyone can help but you guys are much nicer than the other coin holders, my car is fucked and needing to replace a head gasket anything helps go toward it, thank you fellas.

83PAE4grAw97pSJ4jCYnctXJzoE7zPAHSMQo2k4aNN9n68weAwruFhmZF5Cf1ayDCAh3GFLQPPtX8dQXU2k2EjYkExTCPE5

>>30139506
> I thought it's more like bitcoins "fee marketplace" where the highest fee gets priority to be included in the block.
It is but Monero's blocks will grow if there is an increase in block size. I don't have the exact formula memorized, but it something like the median of the last 100 blocks rising by +10%.
For a sustained Big Bang Attack to occur (this is what you are talking about) it would cost tens of millions. I believe it would be roughly similar in cost to a 51% attack.
Dynamic block size hasn't even been seen yet for Monero, so we are a ways off from seeing something like this. Big Bang Attacks have been talked about frequently in developer meetings, and improvements to the dynamic block size were included in a hard fork a couple years ago. It's something the devs are aware of.
>>30139562
If you don't trust yourself then you are just going to send Monero off the exchange to the dark net lol.
>>30139776
based and tor pilled

>>30139506
>I thought it's more like bitcoins "fee marketplace" where the highest fee gets priority to be included in the block.
Monero has no fee marketplace. The fees are determined by the blocksize which is dynamic. Blockchain has a static blocksize of 1MB and thus you have to compete in fee to be included in a block.

Monero has dynamic blocks and a miner automatically creates a larger block if there are more transaction requests. However the transaction fee for the block goes up exponentially with the block size to prevent spamming.

If the block size stays that large because there is a legitimate usage proven by months of those block sizes being the standard the blockchain automatically reduces transaction fees again so that it scales up.

>>30139460
Not really "reject". The transaction fee is fixed and determined by the blockchain. If a bigger block gets created then the transaction fee goes up. If you spam lots of transactions then you would need bigger and bigger blocks and thus exponentially higher and higher fees until the spammer can't afford to spam transactions anymore.

The monero team basically had to weigh pros and cons and decided to go with a dynamic system instead so that in the short term it can dodge tx spamming and in the long term it can grow the amount of tx/second the blockchain supports.

It's a balancing act but I think Monero devs made the right choice here.

Is there any reason for me to buy xmr locally with cash? Obviously theres an increase in privacy but if its untraceable after it left my kyc exchange, what does anyone (gov) win by knowing i bought monero?

>>30139922
You've received at least 1 XMR the last time you posted this
How expensive is your head gasket?

Monero protects you from getting doxxed and robbed for your coins after the financial singularity

>>30135812
Say i swap my gains in one coin to XMR and then sell to fiat. Is that initial swap traceable in minecraft?

>>30140126
as long as the swap gets done without KYC, yes.

Coin 1 -> Decentralized exchange/swapping mechanism -> XMR -> KYC exchange -> Fiat.

The only thing seen by government would be XMR -> KYC exchange -> Fiat. They would have no idea what happened before the XMR was deposited into the exchange

Xmrig and MoneroOcean have me tearing my hair out.

I tried bumping the port up to 10512, and it worked for a bit, and now it's saying shares are rejected again.

I don't understand, my hashrate is between 2k-4k so I would think the default 10128 port would work (and sometimes it does), but it randomly does this to me on a daily basis.

With CoinSwap and Schnorr signatures coming to Bitcoin, how is Monero going to compete? Bitcoin will have anonymity in addition to its brand recognition, while Monero is still getting dropped from exchanges because it's only used by druggies for illegal activities.

>>30140037
If you live in a first world country with human rights then the government knowing you bought Monero and then it disappearing because it is untraceable isn't a problem.

However not everyone has that luxury. Some people might live in China or some other authoritarian shithole where the government could disappear you just for having bought XMR at some point in the future.

>>30140050
Sorry got ripped fast, and whoever sent that you are fucking awesome just paid for most of my tools, I want to try replacing it myself I need about $340 more for ramps gaskets and one new tire but that guy if it was you helped a shit ton thank you so much.
If I take it to a mechanic gonna be 1600 plus because they want to remove the engine but I don’t think that needs to be done

83PAE4grAw97pSJ4jCYnctXJzoE7zPAHSMQo2k4aNN9n68weAwruFhmZF5Cf1ayDCAh3GFLQPPtX8dQXU2k2EjYkExTCPE5

Just Incase and thanks again seriously first time anyone’s helped me here didn’t think it was even worth a shot.

>>30140430
I use both with no problem. Are you sure you don't have an unstable CPU or something? Maybe your ISP is dropping your connection with those last couple of IP errors.

Hey there guys.

Can you check out Mochimo?

I have seen it posted all over but I need to know can I get in now?

>>30140050
Didn’t even notice till you said something!

>>30140614
Sent you 2 XMR, now fuck off and stop begging.

>>30140526
>he thinks anything useful actually gets added to Bitcoin
Hilarious, bro

>>30140430
I'm also using Xmrig with MoneroOcean, no issue so far.

>>30140741
You’re a legend man thank you so fucking much and deal! I mean it you are a good dude thank you!

>>30137427
>Paying for a pizza might be awkward if you have to wait 6-10 minutes for the payment to go through although it beats Bitcoin's hour long transaction time.
Works fine for delivery.

I know about the dynamic block size. But transactions in the mempool != transaction in next block. This attack is about spamming the mempool, not the blockchain.
Each miner can decide which and how many transactions to include. Large blocks cost a block reward penelty (which is paid out to a later mined block), so miners will only include the most valuable transaction (ie. with most fees for them).

>>30139984
>It is
thanks for the confirmation

>Dynamic block size hasn't even been seen yet for Monero
I'm pretty sure I've seen an interview with fluffy where he said that an attack has happend once. Can't find the link tough.

>For a sustained Big Bang Attack to occur (this is what you are talking about) it would cost tens of millions.
Any source link for this or a rough calculation?

>>30136036
3x ryzen apu's from my business mining for a total of 4,5kh when not i. use. i leave them on at nights, too. planning to add a 3700x to the lineup

>>30140628
no it has something to do with the difficulty. I keep changing the port to a higher and higher difficulty because the errors indicate it's rejected my shares because they're too low difficulty. Doesn't make sense though because I only get like 4k H/s tops so the default port should work.

But it's crazy, I just bumped up to port 11024 and it seems to be working again, but this port is supposed to be for CPUs that go over 20k hash.

>>11024 (SSL 21024): 1024000 diff (20000-40000 h/s)

>>30140741
It’s been a dark week for me I mean it you really just brightened it the fuck up for me you have no idea.

>>30140430
I had to make an exception in AdGuard as it was filtering this DNS request. Try switching to different DNS options (1.1.1.1 etc) in your router config.

>>30140756
I guess you missed the whole SegWit thing and the current Taproot activation debate, not to mention that CoinSwap is already implemented and tested.

So how about an answer instead of gaslighting? I'm honestly wondering.

>>30140998
you mine to pool or yourself? my buddy has a 3990x and wants to mine. anyone know how much he could make?

>>30140614
Post pic of broken gaskets with timestamp (and /xmr/ on the same paper) when you're done with the repair, please.

>>30141203
About 0.7 XMR (currently ~$150) per month mining to a pool, at the current difficulty.

>>30140741
You are literally feeding the animals
He will come back

>>30141509
No I won’t not asking anyway, honor means a lot to me and I told him I’d stop so I will.

>>30141395
anything he would have to tweak to get max gains? bios or otherwise?

>>30141185
I'm just hearing about either of the things you mentioned for the first time, but just looking up Schnorr signatures I can already see articles from March 2019 predicting that it's addition to Bitcoin is "inevitable". I can say with certainty that XMR devs don't and never have spent 2+ years developing something before adding it, and if they were coming in soon then wouldn't the entire privacy coin market be dumping right now? I'm not talking about just XMR, I mean even the other faux privacy coins like ZEC. The fact that smart money and the market at whole has shown no indication about being threatened by any Bitcoin developments, tells me that you are likely consuming hopium.

>>30141664
fastest stable OC and fastest stable ram OC are probably the two most important things. Ram speed*latency matters quite a bit for monero mining as randomx is fairly memory intensive. Also make sure he runs a linux-based OS if possible, will get higher hashrate than windows.

>>30140741
holy fucking sell signal, this is what the top of a bubble looks like

>>30135939
I hear in minecraft that rare pepe ntfs are very valuable with some people paying anywhere from thousands to millions. if someone were to make one with a vpn and purchase it from themselves that would be considered money laundering especially if they bought and held monero for 90 days so it wasn’t recorded on the block chain anymore. If they waited 90 days again the minecraft IRS would have no way of knowing where the source of the funds came from which is why they currently have a 700k bounty in minecraft for anyone who can crack it’s public key.

I am not a financial advisor and all these posts are works of artistic fiction not meant to be taken literally. 4chan dot com is a site notorious for trolling so every post is to be taken in jest. Any similarities any post has with real life criminal activities is purely coincidental and not the intention of the author. this post is copyrighted nigger llc

>>30142099
If helping someone is a sell signal then nobody would buy any coin.

>>30142457
"Helping" someone based on trust and without any proof. Dude didn't contribute to the discussion in this and last thread. Didn't reply to >>30141231 and has a new ID for this >>30141627
Throwing money at a scam shows overconfidence in that paper gains are real gains.

don't sell monero for less than 230 a coin

>>30142457
pls send me a bag of heroin I am really struggling bro

>>30140996
>Any source link for this or a rough calculation?
here is a link to ArcticMine's explanation on the mitigations of a big bang attack: https://www.reddit.com/r/Monero/comments/av0cn3/is_there_anyone_who_can_explain_the_new_block/ehc1ib3/
There really isn't any official calculation, as it's all based on crunching numbers, so sorry if I mislead you there. The big bang attack was considered a pretty big threat a few years ago so there was mitigations put in to prevent spam attacks from being so easy.

>>30142800
One I’m the same person yes my Id keeps changing I can’t control it it’s my phones wifi keeps having to reconnect, thank you for pointing it out though I will post pics and /XMR when done honor legit does mean everything to me I don’t say something I don’t mean but believe what you want I’m not entirely sure if that anon even sent anything but I am very thankful if he did and the other one.

>>30140526
>With CoinSwap and Schnorr signatures coming to Bitcoin, how is Monero going to compete? Bitcoin will have anonymity in addition to its brand recognition,

There is no competition, Bitcoin will NEVER be able to do what Monero can, even Andreas admits as much:

>Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos

In a livestream Q&A on Antonopoulos’ YouTube channel on July 7, he said Bitcoin (BTC) was unlikely to ever implement privacy features similar to those used by Monero (XMR).

Antonopoulos said creating such features on a cryptocurrency like BTC “would create an enormous amount of controversy.” In addition, he said the structure of Bitcoin simply doesn’t allow ring signatures and stealth addresses.

“I think what we’re going to see soon is Schnorr, Taproot, and Tapscript, which open the door to a lot of improvements,” Antonopoulos said, “But they still do not involve zero-knowledge proofs or the types of ring signatures and stealth addresses that are done in Monero. Bitcoin is not a privacy coin.”

Bitcoin can be better thought of as pseudonymous rather than fully anonymous, as many transactions on the BTC blockchain can still be traced even with these privacy improvements.

https://cointelegraph.com/news/bitcoin-will-never-be-truly-private-says-andreas-antonopoulos

>>30143095
Thanks for the link. In particular the following qoute is interesting:
>Another change is that the fee are now set based upon the long term median block weight. this means there is no fee reduction during a short term burst. This both allows the use of a higher penalty for a given fee level to accommodate the short term increase while at the same time providing no fee relief to a spammer attempting to maintain a bloated block weight.
In interpret as: fees stay the same short term, normal fees at the high transaction value is enough to fend of attackers

>There really isn't any official calculation, as it's all based on crunching numbers, so sorry if I mislead you there.
No worries, I'm just trying to understand monero even better

>>30143300
it's nothing personal, I distrust everyone unless proven otherwise. If true I wish you the best of luck

>>30143865
No none taken my house is surrounded by drug addict beggars you should see the way I act towards them, they try breaking into my house every once in awhile good shit so completely normal to distrust, but I’m an American from the Midwest this is actually helping fix my car and get tools to keep it fixed, I’ve gotten 1 XMR which was more than expected my phones shit so it looks shady I get it but I’ll post pictures on the next XMR general when it’s fixed hopefully you all will see it, and to the anon who sent 2 Thank you again dude it hasn’t shown up but regardless even the gesture means a lot I wasn’t expecting shit.

>>30143865
Lol I told my brother about the help and he’s making Pepe monero memes for you all, I’ll get them over when I can.

>>30144333
did you post the right address for 2xmranon? i noticed the one in that other thread was different than this thread

>>30137427
Number of confirmations needed scales with the amount transacted. No one is going to give a shit about the minuscule chance of a 0-conf double spend for a $20 pizza.

>>30135812
why doesnt monero give as good returns as bitcoin?

>>30145250
>why doesnt monero give as good returns as bitcoin?

Currently, because its not a speculative bubble like Bitcoin and has actual utility as currency in black markets.

>>30143726
I highly recommend watching the latest monero talk with arctic mine. He goes into great detail about dynamic blocks.

>>30144993
It’s correct I’m using some monero wallet app that generates new addresses if you hit the button next to copy but it should still goto the same wallet, I dunno though the app was having issues earlier so could be delayed, honesty I’m not expecting anything just wanted to make sure if he did he didn’t just toss it into the wind that would make me feel like shit.

>>30145425
im gonna own a stack to support it

>>30141185
except taproot/tapscript/mast won’t allow for confidential assets and will still only be selective privacy enhancement......nothing beats network wide protocol level mixing of the unlinkable sort ;)

monero is a great mixer for bitcoin, but don't think you can just hold it, alts aren't for holding long term.

>>30145560
yeah, monero makes sense until you have to move transactions off the base layer. up until then it's unbeatable, afterwards it just becomes as good as anything else

>>30145521
>im gonna own a stack to support it

>>30145676
BTC is an alt for Monero until BTC develops a way to hide transactions and the size of your wallet (which it won't).

>>30145250
It is being both bought and sold out of necessary utility.
>drug buyer buys monero to buy drugs
>buyer buys the drugs
>drug dealer receives monero
>drug dealer has to sell the monero for cash to pay for more drugs from supplier

Once this supply chain all the way up to the opium farmer is only taking payment in monero, where no more selling for cash is required, then monero price blows sky high.

>>30145425
except I'm pretty sure btc is still used in way more black market transactions than xmr, and probably most are done in dollars.

>>30146025
>Once this supply chain all the way up to the opium farmer is only taking payment in monero, where no more selling for cash is required, then monero price blows sky high.

When you otherwise have to physically move illicit cash around or risk losing it in the banking system, Monero is a glaring no-brainer. Cuts down operating costs and eliminates the possibility of seizure.

obviously, I should say
not probably

>>30146354
>btc is still used in way more black market transactions than xmr,

Right now, yes, but it is in a constant downtrend and is clearly on its way out.

>>30146354
>>30146415
XMR is now the standard for darknet transactions. Fiat money is the standard for IRL purchases. The biggest darknet store (WHM) only accepts XMR and dropped bitcoin.

Isis, hazbollah and stormfront also switched to XMR donations and funding this year.

>>30144993
I think I was being trolled but it’s okay.

>>30146354
Internet Explorer was once by far the dominant browser. BTC is well on its way out for all the various illegal/unsavory markets.

>now holding [unknown amount] of XMR, 0 of which has ever touched a KYC exchange
WAGMI bros.

>>30145055

>>30148058
Welcome to the Citadel, anon

Any suggestions on hardware wallets?

>>30148363
I ordered a Ledger because it supports XMR as well as the other cryptos I already hold.

>>30140741
Hey man I dunno if it got caught up or was trolling me if so it’s okay I’ll stop anyway but my address was if you did man you saved my ass and I thank you from the bottom of my heart hope it didn’t get lost.

83PAE4grAw97pSJ4jCYnctXJzoE7zPAHSMQo2k4aNN9n68weAwruFhmZF5Cf1ayDCAh3GFLQPPtX8dQXU2k2EjYkExTCPE5

>>30149289
>tfw no Monero gf
If I buy just 2 monero, will I make it?

>>30149408
not really
you need like 100+ to make it

>>30149289
NEED lewds of Monero-chan

>>30148345
>Klaus Schwab guarding the entrance
>Bogs at the top
kek

Truly the patrician's choice

MONERO CHADS: Don’t respond to begging faggots. Just report them and move on.

>>30146616
you're wrong but ok
>>30147441
true
>>30149730
here

>>30150110
>fud id
Hmmmmm

>>30150055
It’s fine to report me I just wanted to make sure he didn’t make a mistake and honestly think I was trolled anyway lol been sitting here refreshing for an hour so he got me.

>>30150317
no one cares you dirty whore, go and beg in the streets like a rat instead of posting here.

>>30150317
Kill yourself nigger

>>30150317
Go kill yourself you filthy fucking beggar, I hope you get cancer and have to beg on the street in a wheelchair.

>>30150317
shut up fucking retard nigger monkey go off yourself and choke on cock at the corner.

>>30150317
Shut the fuck up nigger and die, give to me instead watch this faggot rope himself 8A6G33G11piCQGxELt9PBbaVvZZmAmxQSMUjAt7631d68JQp2skyb1oVeNcrACiPtDHHN4Zkpo66tQ7qRN6jRM7VLwCjzE9 HAHAH

>>30150317
die, nigger

The Monero video by Daniel Kim are so awesome, I'd advise everybody to look at them, he makes a great case on why Monero is an excellent Bitcoin hedge:

>totally different codebase
>tail emission: monero won't need a fee market to develop for miners to keep being incentivized
>dynamic blocksize: monero can scal up when usage grows, so no blocksize-wars/fork
>default privacy: this makes monero fungible, which is a very important characteristic of sound money. >Daniel Kim also makes a great case on why it's the squeaky clean people that need this because they are the ones getting harmed from tainted Bitcoin...
>RandomX mining algorithm which is ASIC-resistant and thus makes sure there's no mining centralisation in hardware
>Certainly I'm forgetting other stuff. But Bitcoin getting delisted in favor for Monero in the places where Bitcoin really got started as money is testament to the fact that monero actually does what it says it does, being private digital cash.

>>30136242
But he's literally just investing in an asset with his business.

mining on my home PC is so fuckin comfy bros

>>30142169
>especially if they bought and held monero for 90 days so it wasn’t recorded on the block chain anymore
I'm a newb and don't understand this.

>>30151463
Why is everyone oblivious to the fact that Bitcoin cannot work as a currency?

>>30151806
>Why is everyone oblivious to the fact that Bitcoin cannot work as a currency?

They retconned its use case, its going to replace gold now.

>>30151581
Based.
It will be so comfy a decade from now telling wide eyed monero moons about how I mined whole moneroj back in the day.

>>30151581
Jelly breh
My CPU is too shit for that, an i5 4690k lmao

>>30152134
Monero noobs*

Is it me or has the XMR community grown exponentially over the past 3-6 months?

>>30152688
on /biz/ yes, not sure about everywhere else

anyone who wants based XMR stickers to share around his city
t dot me slash XMRSticker
this is his channel
the owner is fucking based and I'm going to order some soon

>>30152688
It’s not just you.
The generals would get maybe 40 posts most days last year. Now we are consistently hitting the thread limit.

>>30152873
Definitely on reddit too. Youtube is lagging behind, but that's probably a good thing.

>>30152400
Thats not terrible, I have an i5 8400 getting about 2 kh/sec after full optimization, i reckon you could get 1500 or so h/s
Not really going to be making any money at 200USD/1XMR but it is using computing power that would otherwise just be sitting around

>>30152134
>tfw its gonna take me like 3 years to get a whole monero
I wish I would have known about this when the block reward was higher

>>30153359
you're still supporting the network brother

>>30152688
Monero is the only coin that hasn't mooned yet
It also has the best fundamentals

>>30153652
That gives me more time to accumulate. Going to try and reach 3 digits of XMR this year provided it doesn't prematurely moon.

>>30151581
I have no idea wtf I'm doing but I'm done with playing stocks and built this PC with a 6700k and an RX480 a few years ago. Do I join a pool or go it alone?

What's a monero make it stack?

>>30151463
what's the golden btc/xmr hodling ratio

It looks like I will have to liquidate my current crypto portfolio to pay my tax obligations to the ATO as I'm a poor PhD student. I don't want this to happen ever again.
XMR is probably the answer. Mining has no basis cost and seems like a cool way to turn fiat effectively into untraceablewealth.
How much does it cost to build a XMR mining set-up with enough hashrate something like 1 XMR a week?
I've heard I can mine ETH and be paid in Monero. The return on doing this is probably a lot better but Monero is the future. Any thoughts?

>>30153359
Solo mine?

>>30154071
>40k by end of the decade
do the math. different for everyone.

Awareness of monero is definitely increaaing

>>30153652
Its also one of the only coins being used to pay for a large volume of goods and services

>>30153932
I really hope its a few years before it takes off
I NEED MORE TIME FUCK AAAAAAA

>>30140126
The problem is that you will be taxed and need to provide evidence of what price monero was at when you first obtained it

Is cakewallet a good app? My trezor doesn’t support xmr,Im going to buy 10 xmr and hold long term

>>30140536
Serious question: how to buy BTC or XMR in China? I’m guessing you use local bitcoins to exchange cash or WeChat pay for BTC. And then you could convert to XMR on an exchange. Anyone know if there are any regulations you would need to be aware of?

>>30154048
up to you mang
going it alone you will probably not see any returns, but if you get really lucky and solve a block you will get the full reward for the block, which as of now i believe is 1.1 or so XMR

With a lower hashrate like that Id recc joining a pool. moneroocean.stream is pretty small and good. minexmr is good too but it makes up about a third of the hashrate, which isnt terrible but i would encourage joining a smaller pool for the sake of the health of the coin

If you optomize your rig you can probably get 2.4 kh/s.
only use half your cores and enable huge pages, but tinker around and see what works best.

search get monero on the web. That is the official source of xmrig and has good links to the best pools.

>>30150110
Nice. fuck jannies

I have a Ryzen 5 3600, is it worth to mine a bit of Monero?

>>30154122
meh, i would rather watch monero slowly trickle into my account than wait year after year with no reward hoping to hit it big

>>30154994
Yeah, do a pool and XMRig though

https://twitter.com/realvision/status/1366419096594694146?s=21

everyone tune in to fluffypony

>>30155093
>XMRig
I'm completly new to this, wdym "do a pool"?

>>30155263
You should mine using the XMRig tool and a pool like moneroocean, tends to get better returns than solo by far

>>30150110
bobba
>>30150562
what happened
>>30151463
Dr.Kim is based

>>30154965
actually really helpful. I have homework and reading to do.

>>30155310
thanks bro

>>30154836
Yes. But use the official monero wallet if you have a desktop computer

>>30153122
Straight from the official wallet?

>>30155263
you and others' GPU's are all used together as one GPU to mine Monero to get tangible rewards in a pool then it's split up

>>30154113
>1 xmr per week
according tot he calculator that would be around 400KH/s, at around 20KH/s you would need around 20 AMD Ryzen Threadripper 3970X, so $40,000+ other hardware

>>30145676
Bitcoin is just more accepted cash to be spend while monero is that valuable piece of art that only you can appreciate, until you need cash for cocaine and hookers.

>>30155695
What?

>>30154113
>How much does it cost to build a XMR mining set-up with enough hashrate something like 1 XMR a week?
Around 150 XMR, and that is before paying the electricity. You're much better off just buying the XMR instead of mining it.

>>30155541
My computers too old and its not really worth me upgrading yet so il have to settle for the app

>>30156273
your computer's too old for the monero software? how is that even possible?

>>30155991
It has to start somewhere.

https://bitcointalk.org/index.php?topic=5319713.00

SHYM

>>30156360
The website says windows 10 and Mac OS ,I have an old Mac Pro from 2006 with Windows 7 on it ,I only use it for basic internet,games and downloading torrents

just started, it gets fucking hot, 88 celsius is the average

should invest in better fans

I think I know why XMR is crabbing. Other cryptos like ADA are printing money via staking at something like 4.6% APY and you can sell off the any excess every week or so. Free money for doing nothing.

>>30157199
88°c is fine, nothing to worry about there. if you go above 95°c then you need better cooling.

>>30157385
Go and chase the pyramid scheme faggot. We don’t care.

>>30157447
should I lower max usage to 75%?

>>30156570
Jesus...

>>30156570
>https://bitcointalk.org/index.php?topic=5319713.00

wow 13btc, such demand..

>>30154836
>>30156273
>>30156838
>Im going to buy 10 xmr
>I have an old Mac Pro from 2006 with Windows 7
>not really worth me upgrading yet

First of all, I applaud you for not falling into the consumerism trap. That's extremely based. But I have to say, it might be worth an upgrade at this point. You can get a computer that would be able to run modern programs and be much faster in general for $100-200, no exaggeration. I totally understand that you don't need to have the latest and the greatest, I'm the same way. But at this point you could seriously get a modest desktop for $100 that would be at the very least capable of running Windows 10 (which you can get for free) and modern programs like a crypto wallet.

>>30157998
>running windows
Ngmi

>>30154071
18.7 sui 100 make it

>>30158092
Linux is garbage bud.

>>30157447
>>30157447
It’s okay if you were larping before I’ll stop but to the anon who gave me an XMR here is a receipt from Harbor freight just dropped $190 on tools and saving the rest for the gasket.

https://imgur.com/a/GRpnrNG

If it was you thank you dude.

>>30156838
>old Mac Pro from 2006
that runs monero fine

>>30158367
Okay raj

>>30157447
how about for long term usage? My procesoor is rated for 100C but i try to keep it sub 80 for longitevity. Am i wasting my time doing that?

>>30136794
i've seen DNMs use QR codes for tx
it takes time though,

>>30156570
I believe the My crypto mixer guy sounds like the OP there fucked up.

anyone here sell monero on localmonero? like what are the chances the FBI will blow the back of my skull out or some niggers will show up on my doorstep if i decide to sell $10k/mo.

>>30160360
10k/month will get you flagged by glowies. I’d be careful.

>>30160360
damn based stack
keep on DCAing and I wouldn't sell that big of an amount, sell them in small sums imo

>>30136349
i get less than that on my 5950x i call BS

>>30136036
Tick, tock. Next block.

>>30157385
Indian rupee accounts give even more returns.

All right Monero bears, shill me on why I shouldn’t start investing into this? Give me legitimate reasons why I shouldn’t choose this over say Ethereum. Considering dropping a grand but I want both sides of the argument.

>>30156570
SHYM??

>>30161276
>All right Monero bears, shill me on why I shouldn’t start investing into this? Give me legitimate reasons why I shouldn’t choose this over say Ethereum. Considering dropping a grand but I want both sides of the argument.

Da gubmint dun gunna ban eeet!

>>30161373
Nah but like for real, I know this shit will always be the ugly child cause it’s more secure.

>>30161276
One is decentralized private money, the other is used for build-your-own-ponzi schemes.

>>30140526
Schnorr does not make btc private. Coinswap is imperfect even the own dev admits vurnabilities,by might also take forever before it finally gets added. It can be traced AND addresses will still display amounts.

It is a compromise, in privacy they is no compromise. You either have it or you don't.

>>30161298
>SHYM??

>>30161276

1. Regulatory pressure and negative connotation (e.g. Australia has banned privacy coins from their exchanges and KYC/AML regulations in EU and US put monero/zcash/dash in higher risks)

2. Not listed on big U.S. markets like Coinbase so it is hard to reach for americans which has higher purchasing power in crypto markets from manifacturers (China, Russia, Kazakhstan, Iran)

3. Incentive to mine isn't efficient even for higher end CPU's (AMD Threadripper 3990x priced at $3800 and gives you like 64000 H/s and consumes 600 W which equals to $1500 return or roughly 9.50 XMR per year and it is decreasing until May 2022 in which tail emission kicks in)

4.Used as a real currency than a speculative asset so many people make transactions and sell it not holding like bitcoin holders which doesn't have a use case

5. One of the most shorted coins in the market and it gives nice return from shorting

6. I'm not really sure about this but to my knowledge supply isn't auditable

7. Last month some group tried a 51% attack on monero network and has failed but it reached like 48 % of the hashrate of network 2miners.com IIRC

But nowadays there is a demand from both dark markets and investment firms (grayscale) so it's either crabbing or going up in value. I think it will see like $550-$750 maybe more. I wish it would see $2000 or more until then it is not profitable to mine with a average CPU. Don't forget that almost all bitcoin maxis agree that monero has a use case and some of them even advocate monero (Michael Saylor, Andreas Antonopoulos, Peter McCormack, Nick Szabo) and don't get me started on fungibility part IYKYK

So how do I anonymously get into monero then? I've only used binance so far, I've got mymonero wallet, what now? Do I send tether to metamask and then use that to buy monero on some dex? But won't that monero go into metamask instead of mymonero wallet then? Yes I am retarded and new, all I know is centralized exchanges so far.

>tfw my cpu fan hasn’t worked for year so I can’t mine

>>30135812
NIGGERS

>>30156570
https://bitcointalk.org/index.php?topic=5319713.msg56443562#msg56443562

Yeah. People think Bitcoin is Monero.

>>30161541
>I'm not really sure about this but to my knowledge supply isn't auditable

You can verify the integrity of the supply by:

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

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

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

>>30161534
Should Have Ysed Monero?

>>30161804
>Should Have Ysed Monero?

Indeed.

>>30160886
>1700 H/S
are you running this on a dell OptiPlex or some shit?

>>30140961
crypto isint going to replace current systems, its just gonna offer an alternative

it's over monerobros. it's not going to reach 230 again. I am selling all my moneros immediately, at a loss. Never trusting monero cultists again.

>>30161893
Current systems will become cryptos

>>30161652
>So how do I anonymously get into monero then? I've only used binance so far, I've got mymonero wallet, what now? Do I send tether to metamask and then use that to buy monero on some dex? But won't that monero go into metamask instead of mymonero wallet then? Yes I am retarded and new, all I know is centralized exchanges so far.

Anonymously? Until atomic swaps go live later this year your best bet is buying with cash or learning how to use Bisq.

>>30162155
Even an atomic swap still has a btc trail unless you bought that btc with cash. Just buy xmr with cash or use the KYC Exchange w/Litecoin > Cakewallet method. Cakewallet is based and supports XMR community.

>>30162155
So most people ITT buy monero in a place where that transaction can be traced? If I buy it on Binance and move it to mymonero wallet but tomorrow monero becomes illegal, what exactly happens then? Since there is a record of me buying it

>>30162346
nothing, transfer it to another wallet and lose the seed phrase from the first one that might be tracked down from the exchange.

>>30162155
atomic swaps? it's never going to happen. monero devs are biding time with lies because they know they are selling vaporware. fluffypony lied to us. cash out now before it's too late.
>>30162346
they will be able to deanonymize all past transactions of monero some day, this is a 100% guarantee.

>>30162346
Nothing happens.

If you don't want to use the address linked to your Binance/Coinbase transactionm just send it to your address #2.

>>30158487
based

>>30162519
you sound like an obsessive little faggot, amazing you even bother wasting your time in an /XMR/ general

>>30162346
>but tomorrow monero becomes illegal
schizo fantasy. name me a time a p2p application was made illegal like that around the world at once.
>>30161276
The only reason I can think is if you want a quick profit. This is a long.

>>30162519
Anon, you are not going to get cheaper Monero with such low quality fud. Try harder.

>>30162519
>they will be able to deanonymize all past transactions of monero some day, this is a 100% guarantee.

And yet new transactions will be anonymous the same way.

>>30162741
>around the world
I only live in one country bro, I don't care if it's banned in all the others
>>30162479
Sounds reasonable, guess I'll do that then thanks

>>30158492
I know you were probably yanking my chain but I did get the oil removed up in the air ready to start taking apart to get it ready to replace the gasket, if you did send it I dunno what happened but if you were serious I will absolutely post pictures of the process I put a receipt above in a reply of the tools I just bought.

Thank you again to the XMR chad who bought me my tools,

83PAE4grAw97pSJ4jCYnctXJzoE7zPAHSMQo2k4aNN9n68weAwruFhmZF5Cf1ayDCAh3GFLQPPtX8dQXU2k2EjYkExTCPE5

Just posting this Incase this gentlemen anon did want to help, thank you guys wouldn’t have gotten today done without you I smell like a mechanic now

>>30161541
When did michael saylor mention monero?

>>30162922
you can't ban a p2p application you retard.

>>30163051
kys nigger

>>30161276
- upside might be small

- news mostly about attacks, patches and delistings

- perceived as archaic and static compared to newer smart, agile and well-connected projects

- might get banned and then difficult to trade with no liquidity

- wallets not fool-proof, users of hardware wallets show up daily because they can't see their coins

- no ubiquitous ways to buy directly with fiat

- missing on important exchanges

- (relatively) high barrier of entry for 2021 batch of buyers and people unfamiliar with crypto

- not natively compatible with ETH ecosystem

- no equivalent to easy browser plugins (e.g. Metamask)

- Anti-Virus stops Monero wallet installations

- no major DeFi applications, locked-out of the system

- few ways to earn money & rewards

- rewards only people with beefy mining CPUs

- no staking

- no official support

- no supply deflation by incentivizing to lock-up XMR

- supply inflates forever

- hodlers get nothing and continuously pay for inflation

- network effects haven't reached critical mass

- indirect governance is difficult and incentivizes freeloading

- little incentive to build on top of XMR

- other projects have greater resources

- might get tracked in the future

- privacy might get trivialized and becomes a worthless commodity

- many other projects add "good enough" privacy leaving XMR only attractive for marginal groups

- some DeFi protocol might offer seamless privacy and stability in DeFi ecosystem without having to jump through as many hoops as one has to do with XMR

- stigmatic reputation

- big target for the government while other coins can fly under the radar

- less price action means less attention

- age of coins with just one feature + chain might be over

- perpetual downtrend against BTC discourages hodling

- possibly giga-whales perpetually dumping

- uncertainty about supply bugs

- inefficiency in initial mining exploited

- during attacks simple users had a bad user experience and nothing worked

>>30161724
inflation bugs not necessarily have anything to do with coinbase.

>>30163360
But you can put everyone who uses it in prison if you're able to identify them. It's not the safety of the application that I'm worrying about

>>30163436
That's the whole combined three letter agency fud book

>>30163543
>But you can put everyone who uses it in prison if you're able to identify them.
how's that going for all the people who download movies with torrents? Or what about all the people who use TOR?
There is nothing illegal about using Monero. What is illegal is buying drugs or money laundering -- things that already exist. It's schizo-tier logic that there is going to be a ban and the feds are going to knock on every door of individuals who have, at some point, purchased Monero.

>>30161716
was reading this earlier can't believe such a dumb fuck ended up with 13 BTC to lose

>>30163436
saved. thanks anon, with this list we still have a lot of time to accumulate as much as possible

>>30163836
On the other hand from the XMR Chad bull book :

- class-leading privacy coin

- real world adoption

- great community

- long history

- capable dev teams

- very decentralized

- no company/foundation

- might replace BTC in most use cases

- potential to become the class-leading currency coin

- Atomic swaps will enable XMR to tap into other coin universes with minimal metadata leaks and very low friction

- new buyers and speculators might not be fully aware of flaws in BTC and DeFi and in the future might migrate to XMR

- price action not fully exploited this cycle

- organic price action

- upside from informal sector onboarding is hundreds or thousands of X

- upside potential from more exchange listings

- wrapped versions enable DeFi usage, not yet fully exploited

- little known institutional involvement creates upside potential

- Grayscale Monero Trust will enable easy access for many investors

- most battle-proven privacy coin

- trusted and used by black hats

- honorable use cases improve reputation

- low inflation and no gaming of the explicit supply with locking incentives etc.

- privacy features are working

- separation from other ecosystems keeps XMR running if they go downhill

- coin economics provide long term stability

- high demand for privacy once governments try to enforce regulation and taxes

- demonstrated ability to fend off attacks

- demonstrated ability to keep network up-to-date with latest privacy features

>>30164252
You forgot:

- Monero Chan

>>30136242
The CIA niggers glow in the dark.

>>30163940
>>30163940
https://bitcointalk.org/index.php?topic=5319713.msg56477223#msg56477223

This was the worst part. I know the guy is desperate and probably committed seppuku already, but holy... How can you be this naive with such a huge amount of money. It really makes me think that cryptocurrencies are just a art performance orchestrated by Satoshi to show how people react with it.

how come morphtoken.com is always down for maint.?

>>30163940
>was reading this earlier can't believe such a dumb fuck ended up with 13 BTC to lose

It wasn't luck, he literally sold everything he owned to jump on the Bitcoin bandwagon.

>It’s stressful because i liquidated everything I own in order to reap the benefits and join this epic financial revolution aaaaand, yeah. If I lose it I’m fucked lol.

What did you think?

https://youtube.com/watch?v=1PTbqJOayAw

Did monero ever implement a way to hide IP addresses?

you know if you make it with monero you wont be able to buy a home right? or anything large for that matter because the IRS will audit you and find out you didnt pay taxes on the money used to buy these things.

>>30165334
The reward for HODLing Monero is the permanent death of the IRS.

>>30165291
>Did monero ever implement a way to hide IP addresses?

https://localmonero.co/knowledge/monero-dandelion?language=en

>>30165449
That's just delusional. as long as enough people pay taxes it doesnt matter if some people use monero. you guys are literaly only gonna be able to buy cd keys on steam when you make it or you'll get thrown in jail

>>30165334
>you know if you make it with monero you wont be able to buy a home right?

That's OK, I prefer the flexibility of renting.

>>30165763
Also I already own a home. Whatever XMR I may or may not have doesn't change that.

>>30165892
>Also I already own a home. Whatever XMR I may or may not have doesn't change that.

And who the fuck needs a lambo? Not having to wageslave anymore is reward enough, my lifestyle and spending habits wouldn't radically change much at all.

>>30165334
That's true for anything though not just XMR

>>30165534
Cool. I guess kovri never came to fruition?

>>30166256
Imagine spending your money on a life size hot wheels car and increasing your chances 20x of getting pulled over on any given day.

>>30156838
What website? Sure it's not a fake? Monero official client 100% works on Win 7, or atleast the cli does.

>>30167267
Also increases your chances of getting pussy 20x On any given day.

Worth it

moving from monero GUI to monero CLI, how can I enter my mnemonic seed to retrieve my wallet? Running the cli seems to only allow creating a new wallet.

>>30167779
Use the --restore-from-seed option.

This might be a cope, but do we see XMR dropping to the 150 range ever again?

>>30167779
>moving from monero GUI to monero CLI
based.
like the other anon said, you are going to have to start it with a flag. The correct phrasing is --restore-deterministic-wallet.

>>30168170
--restore-from-seed is an alias for that.

>>30168194
oh neat.

>>30167850
>This might be a cope, but do we see XMR dropping to the 150 range ever again?

Possible....BTC might crash again but XMR might have truly decoupled by now.

>>30167843
running monero-wallet-cli --restore-from-seed seems to just make a new wallet with new seed phrases.
What is supposed to go in seed offset passphrase?
I putt the default empty, but seems to not be working.. must be doing somethingwrong

>>30168678
Yeah you're doing something horribly wrong and/or not communicating the exact details of what you're doing.

>>30168777
>monero-wallet-cli --restore-from-seed
>Specify a new wallet file name for your restored wallet
>Generating new wallet....
>Specify Electrum seed: (enter 24 seed here)
>Enter seed offset passphrase, empty if none
>Enter new password for the wallet

>>30168972
That's working as intended. You apparently can't read.

does cli wallet offer some major benefit over the gui? why go through all of this hassle and risk fucking something up? I'm comfy on the gui,

>>30168972
lol.
>>30169112
The GUI is driving an automatic, while the CLI is driving stick. Separates the men from the boys.

>>30169196
yeah yeah, but aside from an excuse to swing your epeen around what can you do on cli that I can't on gui.

I can work with a cli if I have to. I run headless VMs so I don't have to deal with wasted resources on GUI. But with something like a wallet on my personal PC, who gives a shit? Why not make it easy?

>>30169088
It generated a different seed phrase the first time so I wasnt sure as it gave a different wallet address.....
Second time around it gave the correct results.
Thanks for info

There was a monero chad who I was talking to about helping my friend out with his surgery if you remember me I made a GUI wallet
4AyWtR7S7f16qriRsFo51mLcoFydsaQ6QAKHvYbx5TYWefAD3LjT8xYj2aNxbghrgr9bkqN761rYrHFixd3zPkA53SADv6f He said he wants to thank you and make a video after his treatments thank you sir!

>>30169414
kill your friend and then yourself

NEW THREAD: >>30169462

>>30164252
chad work. ty anon

>>30165892
I bought a home with my XMR when it spiked up to $300 that one time.