/biz/ - Business & Finance

Monero-chan is getting fucked by a man... a BLACK man

So is monero some type of online money?

>>30419637
Delet this

>>30419693
You new around these parts?

Fresh thread, spread the good word!

https://youtu.be/REC5V7d3pqM

Monero bull case. Worth a watch for any serious investor in fungible decentralized value.

Post monero-chans to convince my dick to buy this coin

Anyone ever do an in person local monero buy? Actually got a good amount of deleted around me

>>30419827
Good amount of people near me* phone posting

>>30419637
Nice

>>30419818

>>30419578
Inb4 Fernando the Fudder posts 100 pre-typed essays about why Monero is shit.

>>30419789
Going to see if my fish attention span can get through it, thanks for link

>>30420156
Paco the Projector

>>30420405

Diego the Destabilizer

redpill me on grin and mimblewimble

>>30420578
>mimblewimble

Not comparable to Monero's full-spectrum privacy.

>>30419818

>>30419578
based OP with OP id.
thanks for making these threads!
>>30420578
There's nothing to redpill. They aren't used and they have objectively worse privacy features than Monero.

>Monero recommends you host a full node with your wallet
Lmao no wonder this shit is crabbing, nobody wants to host a 60gb blockchain on their shit.

>>30420578
its cool and good but probably destined to remain obscure and experimental

just bought an ounce of flake
thank you based xmr

>>30419578
Brainlet here. I'm looking at dumping some money into privacy coins.

Looking at
XMR
Cardano
Haven
Decred

My question: what allocations should I perform between these, or others? XMR is the only one I am sure of.

>>30420156

- class-leading privacy coin

- real world adoption

- loyal community

- long history

- capable dev teams

- very decentralized

- no company/foundation

- might replace BTC for most use cases

- potential to become the class-leading currency coin

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

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

- price action not fully exploited this cycle

- organic price action

- upside from informal sector onboarding is hundreds of thousands of %

- 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 the reputation

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

- upside potential from supply decreasing features

- privacy is working

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

- coin economics provide stability in the long term

- 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

>>30420888
checked
theres alot of things that are "recommended".
>>30421032
Cardano isn't a privacy coin is it? What do you mean allocations, how much money to each?

>>30421032
80/20 BTC/XMR for me.

>tfw too lazy and stupid to learn about monero and other privacy coins
>only bought in because I like fapping to monero-chan and it makes me feel like I'm helping the White race
I do hope the number goes up but desu I am pretty content. I should really try sit down and read about what all this ring signature stuff is though.
>>30420896
say if a coin comes out with a privacy feature that's objectively superior than what monero uses. can the monero development team just steal ideas from other coins and add it to their own? if monero team decides their the current levels of privacy they tolerate aren't enough, can they copy a feature from zcash, or is everything strictly copyrighted? I mean stealing general ideas, not directly copy-pasting their code.

>>30421193
>can they copy a feature from zcash, or is everything strictly copyrighted?
Yes, in most cases. Cryptocurrencies are almost by definition open source, so you can "borrow" whatever you want.

>>30419789
He presents the message about fungibility and privacy against BTC's non fungibility and public blockchain in a way I've never thought about before, and the examples he gives are really good. Everybody should watch this

>>30421193
>say if a coin comes out with a privacy feature that's objectively superior than what monero uses. can the monero development team just steal ideas from other coins and add it to their own? if monero team decides their the current levels of privacy they tolerate aren't enough, can they copy a feature from zcash, or is everything strictly copyrighted?


Absolutely, Monero undergoes regular hardforks and is constantly being upgraded. All new developments are audited, tested and eventually incorporated into the codebase.

>>30421100
>What do you mean allocations, how much money to each?
Yes, exactly. I have X amount of USD fiat and I am looking to allocate a percentage of that into cryptocurrencies using DCA over a 3 month period. I am assuming that BTC and other trackable currencies will be tracked and confiscated by the US government at some point, so I am looking at things that are either used for darknet transactions OR are privacy-oriented early stage nerd projects that have the potential to eclipse/complement XMR.

>>30421101
Why this mix? Are you worried that BTC will be taken?

>>30421532
I'm not really sure. I would say you should make the Monero the bulk of it, any other privacy-oriented coins I do nut trust as much as Monero for actual transactions.
Even though its just a governance token, TORN is really interesting to me cause its basically a mixer on chain that you can invest in, not really sure how to guide you with the allocation.

>>30421032
The only privacy coin there is Monero.
Then you have two shit coins and a vaporware smart contract bubble.

>>30421193
Monero took dandelion ++ from bitcoin, for example.

Thoughts about ghost coin by mr McAfee? Don’t know anything about it and I’m all in on monero, still like to keep my eyes out for what’s goin on with privacy projects.

>>30421703
>>30421967
OK thanks. Are there any shitcoin/research projects that are worth looking into?

WAGMI

Anything dumb about going all in monero?

>>30422694
Not really other than the fact that your are not diversified. I think it is a really good long term hold and is actually in use and functioning so you don’t have to worry as much about it going to zero like so many other projects. That being said, I personally still have some other coins even though the vast majority of my holdings are in monero.

>>30421532
I'm not worried BTC will be taken. BTC is a safe bet that will go up in value as a wider range of people and organisations add it to their balance sheet.

XMR I own because I believe in the project and ideals. If it moons great, if not at least I can use it to buy drugs.

>>30422694
Debated swapping my entire BTC stack (which granted isn't a whole lot) for XMR.
My only other holding is ATOM, and only because of the 10% APY.

>>30420888
Anon you can buy a 1TB SSD for under $100.

>>30420888
>node
anon... you do know that price per GB of storage has gone down tremendously over time and is at all time record low prices, correct? do you not have 40$ for a 1 TB drive? or are you the 0xMonero guy fudding from some 3rd world country?

>>30422608
incredibly based

>>30423209
I made my normie friend download MoneroGUI to send him an unknown amount and he downloaded the blockchain like it was normal.

Not trying to FUD, but running a full node with open ports is heavy. It's constantly maxing my 20Mbit upload connection causing lag spikes.

>>30422879
>BTC is a safe bet

Ehh....I wouldn't go that far. The concensus with non-maxipad experts is that Bitcoin is currently a speculative bubble that could continue inflating for quite a while yet but WILL eventually pop at some point.

>Bitcoin, along with other cryptocurrencies, has been described as an economic bubble by at least eight Nobel Memorial Prize in Economic Sciences laureates at various times, including Robert Shiller on 1 March 2014,[168] Joseph Stiglitz on 29 November 2017,[231] and Richard Thaler on 21 December 2017.[232][233]

>On 29 January 2018, a noted Keynesian economist Paul Krugman has described bitcoin as "a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology",[159] on 2 February 2018, professor Nouriel Roubini of New York University has called bitcoin the "mother of all bubbles",[234] and on 27 April 2018, a University of Chicago economist James Heckman has compared it to the 17th-century tulip mania.[233]

https://en.wikipedia.org/wiki/Bitcoin#As_a_speculative_bubble

AND because BTC has diminishing utility as currency due to congestion and high fees it is actually more like to go to zero than Monero, which can at least count on consistent darknet/underworld demand if everything else goes to shit.

>>30423380
Just use a remote node.

They can see your IP but nothing else, especially if you're only connected for a short time to receive funds. What's the problem?

>>30422306
Fully homomorphic encryption research. It could run polynomial operations on encrypted data, allowing for private smart-contracts.

>>30423449
Those Boomer economists don't get it at all.

Cryptocurrency is a monetary network, like dollars or gold. The value of the network is its size. Currently BTC is $1T and growing. Gold is $10T. The difference between them is that when SHTF you can get on a plane with your BTC and nobody can take it from you. That's not true of gold, which governments will simply confiscate (they've done it before).

Yes XMR is better than BTC, but network effects matter. You think there aren't 1000 social networks that are better than Facebook? Yet Facebook persists because of network effects.

>>30423449
Non maxis are keynsians fuding

>>30423820
Dangerously based

>>30423669
Any coins using this or exploring this?

>>30419578
Can you really get money into anonymously? Can't someone tracking you just see that you bough Monero?

>>30424606
You can buy it with cash on localmonero.
But the point of it is to make sure nobody can trace your transactions. Even if the feds know that you bought Monero, they won't be able to know what you do with them. Wanna buy drugs? No problem. Kiddy porn? Be our guest! This is fundamentally different from BTC transactions which can, and have been, traced.

>>30424786
How is it unknowable where you send Monero?

>>30424606
You can buy monero with cash totally anonymously. The link is in the OP. Even if someone knows you have monero through a kyc exchange or whatever, it's still better that they don't know how much and to whom you send money. Monero does this.

>>30424988
Monero uses a system of "mixins." These are coins that are mixed in as chaff with the actual transaction. The system essentially takes a number of other Monero transactions and lines them up alongside the real transaction.

>>30424988
>>30425070
There are a bunch of other neat things monero does to keep you private. Zero knowledge proofs make it so nobody other than you and the receiver know the amount which is being sent. Also, when you send monero, your wallet automatically makes a stealth address, so the person receiving doesn't receive any information about you other than the fact that you sent them coins.

>mfw swinging zc*sh and reinvesting the profits into xmr
seriously, look at a price graph of it; easiest patterns to take advantage of ever

>>30425533

based zooko swinger

Does Monero-chan have slits on both sides of her dress?

>>30419637
>Waifu blackd by mentaloutlaw
God fucking damnit

should i bother mining monero
i have a buttload of computers because I'm a tech hoarder and also don't need to pay for power

>>30426477
might as well use them for something, do it

>>30426477
how does 5 USD/computer/month sound?

Funny reply in an earlier /xmr/ general

>>30426477
Monero mining is hard to make worthwhile, you can only mine it with CPU and unless you have a Threadripper your hashpower will be shit.

>>30426613
he could do it too. or maybe he would stay quiet about it if he's smart

>>30426541
>>30426567
I'm getting 3.3kH/s on my old dual-socket Opteron 4386 rig already so that's neat
Should I hodl or convert to btc

Can somebody explain to a retard how XMR has a dev team? How can a group of people change the code to XMR? Wouldn't that make it centralized? If it's not centralized, how do they make changes to other people's coins?

>>30426687
very nice, and hodl. monero has a sustainable future, bitcoin doesn't.

>>30426694
the community must accept the changes in the form of adopting the new versions.

>>30426984
and you can always fork it too.

>>30423449
>quoting Paul Krugman in a technology thread
He literally predicted that the internet was a fad.

>>30423669
>homo
No, thanks, not even looking at that, I'm superstraight.

>>30426984
Should I pool or go it alone?

>>30426277
Yes she does. You a drawfag?

>>30427212
Use Moneroocean pool

>>30419578
i pray for XMR TO BE AS SECURE AND ANON AS POSSIBLE GODSPEED LIL XMR DUDE

>>30426477
It depends on a few things
>How much cache do their CPUs have
>How much time are you willing to spend tuning
>How much about computers are you willing to learn or do you already know

>>30419818

>>30419578
OBLIGATORY EOY PREDICTIONS

As per usual, with every thread, what are your EOY predictions boys ?

>>30427229
Ok. Yes

>>30427842
id cream for ath.

>>30420888
If I host it do I get something for it?

>>30427842
I want number go up but really I don’t care. I just want it to equal or beat inflation of fiat overtime so my wealth is destroyed

>>30421418
Dr. Daniel Kim is an absolute CHAD. He is the Jesus of Monero. I wouldn't be so into Monero if I didn't watch his talks and documentaries. Check these also:

https://youtu.be/8quGD9W7B2I
https://youtu.be/aC9Uu5BUxII

>>30422879
not sure if you've watched the behavioral finance video by based dr. daniel kim, but to sum up, investing in btc because low-information corporations are adding it to their balance sheets (and they're doing this because retail and other corporations are investing in it), is actually a very bad idea in the long run- especially when you know that bitcoin has immense transparency, fungibility and scalability problems that 99% of people say aren't a problem right now because number go up and btc is number 1 crypto. Do you see the circular logic that's going on? Is it getting easier to use bitcoin or is it getting more difficult as chainanalysis and governments start looking hard at your spending/mixing/coin joins? Is bitcoin looking like the sexiest option as time goes on?

>>30427561
Why is there cum leaking out of her

If anyone needs further reason for buying XMR. watch based coked up grandpa McAfee completely thrash BTC, ignore talking about his own crypto project and give nothing but adoration and praise to monero.

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

>>30420578
I'm pretty sure mimblewimble is the same as ZCash basically

>>30428349
nasty coomer fanboy art.

>>30426613
well... wasn't McAfee the retarded celebrity from Monero? kek

>>30428349
The rhythmic red and green dildos from all this crabbing made her coom

>>30423449
>Robert Shiller
>Shiller
kek
>Paul Krugman
TOP KEK
>BTC is a speculative bubble
Finance boomers not understanding the technology or fundamentals as per fucking usual. Bitcoin is not a speculative bubble. Dumb money believes that the things true of bitcoin hyped up in the Satoshi era haven't changed. If you have ever argued with a maximalist, they literally do not give a flying fuck about fundamentals. A bunch of retards foaming at the mouth are ready to buy the dip as they could've between '17 and '20. The sheer amount of stimmy checks ready to do this will keep the price above $40,000.
The simple truth is that China controls well over 51% of the global hash power with ASICs. A 51% attack could be executed at any time. Speculation and average maximalist IQ makes the fundamentals irrelevant. The price could go to 10 million dollars for years, and the entire thing will still come crashing down.

>>30422694
I’ve been all in for months and couldn’t be happier

>>30428070
peace of mind knowing you help secure your own currency

>>30422694
Not really, just remember it's a long term investment

>>30429249
>Bitcoin is not a speculative bubble.
>literally do not give a flying fuck about fundamentals.

>>30419578
>mfw monero isn't on coinbase
the second it goes on there im dumping all of my BTC into it

>>30429583
Never will. The US Govt told them not to list it.

What do you Monero Chads think about the BTC-->Monero atomic swap project?

>>30429645
It will kill Bitcoin. It’s literally the Bitcoin exit scam that has haunted the crypto community for years

>>30429643
>the second it goes on there im dumping all of my BTC into it
They're not going to let Kraken take all of the Monero money. Governments want information and the best way to get that information- who is buying bitcoin- is by allowing it on an exchange. If anything, this means the government DOESN'T yet control coinbase.

>>30429645
>What do you Monero Chads think about the BTC-->Monero atomic swap project?

Benefits Monero, will showcase the flaws inherent in Bitcoin, namely its lack of fungibility.

>>30429583
price will 5-10x almost instantly, and it will happen before anyone in the public knows what's happening. The same goes for the Grayscale listing. Buy now before it's too late.

>>30429832
edit- who is buying MONERO

>>30429914
Reminding myself that this isn’t even on coinbase yet makes me so fucking happy every single time

>>30423449
>Paul Krugman

>>30429525
The money is so dumb here that the exchange rate won't go tits up.
Maxis ignore the possibility of a 51% attack until it happens and they lose all of their money. It's going to become worthless no matter what the exchange rate does.

>>30429750
>Monero market cap $3.7B
>Bitcoin market cap $951B
Um, does that mean that Monero is going to 95x once atomic swaps are in place as literally everyone tries to GTFO before it collapses?

>>30430288
Atomic swaps is great but the vast majority of predictions about how big it will be for Monero are pure hopium. Ignore anyone who says "it will kill Bitcoin" because they are fucking retarded.

>>30430374
It will kill bitcoin but it will be a slow death. Institutions will desperately try to cling onto BTC so they can monitor all transactions.

What exchanges sell monero

>>30430374
>>30430607
Anybody that holds dirty coins is going to want to exfiltrate them right away, right? How much of the total out there is tainted? Likewise I'd think that any of the dormant whale wallets would want to move some of their coins out.

>>30430698
read the op bro

>>30429249
OK I almost never post but I am right now to tell you this is the absolute most retarded thing I've ever read. In my life. What do you think a bubble is?

>>30423820
Literally not true. Short term network effects are important long term fundamentals always win out. IBM is nowhere to be found now it almost died out. Same for shit like Ford and others. BTC will experience the same thing at one point.

I honestly think ethereum has better long term potential compared to BTC in terms of survivability. As will XMR as long as it stays #1 for privacy.

>>30430725
>Anybody that holds dirty coins is going to want to exfiltrate them right away, right?
You still need to find a buyer willing to take the dirty BTC.

>>30430288
Probably closer to 200x in that scenario as nobody wants tainted Bitcoins.

https://www.youtube.com/watch?v=NFSvuKWLGA4
In case anyone missed this from yesterday, Keith Woods interviewing Douglas Tuman from Monero Talk. It seems like the dissident right is making a serious push for monero adoption, and if dissident right memes are anything to go by it's only a matter of time before normies become aware of the advantages of monero too. I've heard trs are going to start accepting donations in monero. My guess is that awareness of monero on 4chan will be saturated within 6 months and that it's definitely already accelerating.

>>30420888
I “Recommend” you have sex incel

>>30431348
Also, some alt-light ecelebs (nick fuentes, ralph retort and some others) are being investigated by the fbi because they received a large donation in bitcoin from some French guy in December while they were organising the Stop The Steal stuff. Everyone who received money from that "anonymous" donor was tracked down and their names and how much they received was published by mainstream media. It's a good recent example of why private coins will be the future.

>>30431348
>It seems like the dissident right is making a serious push for monero adoption,
Daily Stormer already only takes Monero, in fact they have a decent tutorial for dummies like myself. They have been continually the canary in the coal mine regarding getting deplatformed so I assume they know more than I do.

I own 1.25 Monero

>tfw unspecified stack keeps growing

>>30431250
>IBM is nowhere to be found now it almost died out
anon... this is just plain wrong

>>30423449
I'm sure you've seen that book 'dying of money' that's been being shared around here. You should read it. The important takeaway in this case is that Weimar Germany halted their devastating hyperinflation and stabilized their economy by printing what was called the Rentenmark. It wasn't backed by gold, and the full faith and credit of the German government wasn't worth anything. All it was backed by was the word of Hjalmar Schact that they were printing a fixed amount and no more, and he meant it, and it worked, eventually being pegged to the old mark at 1 to 1 trillion. The scarcity of Bitcoin is itself worth a healthy value.

>>30420578
>grin
scam
>mimblewimble
extreme scam (think grin but on steroids)

>>30424988
There's all kinds of shit it does, but basically nobody ever sees your wallet, nobody ever sees any wallets you send to, nobody ever sees amounts you send. It has a system to where basically when a transaction happens multiple fake wallets are made that process multiple transactions each so everybody's shit is moving randomly and anonymized

>>30430374
Anon.... It already replaced Bitcoin....

>>30432313
No it's not, they're bleeding money. Only dark Jewish magic gave them enough cash on hand to buy Red Hat, whose entire product lineup IBM is already ruining.

>>30431250
IBM and Ford are not networks.

>>30428611
grin is mimblewimble. mw on ltc is kind of a big deal because we saw with segwit that ltc is just the testnet for btc. That ties into the question that newfag asked, obviously if the code is open source it can just be copied. But I remember not too long ago learning about a patent expiring called "Method for accelerating cryptographic operations on elliptic curves" that apparently was preventing btc devs from implementing some code.
>>30430741
I fucking hate all these newfags who literally need someone to hold their hand. What ever happened to dyor?

Daily reminder even if monero cant be traced now it will be traceable at some point in the future with quantum computing. You have zero privacy online.

>>30433097
>quantum computing
QC would break basically everything, so who would care if the then-useless crypto could be traced? It wouldn't be worth anything.

>>30433097
That's what everyone's been saying about passwords too, until people started developing quantum generated passwords.
Tech adapts. Monero will just be modified and still be untracable.

That is, if quantum computing ever even moves past the meme stage.

>>30433097
retarded fud. maybe if you bought more zcash...

Is Coinbase purposely not listing monero so they have more time to accumulate? There is no real legal reason why they can’t list it. Maybe they are concerned about regulations and how to comply with them or maybe they fundamentally hate freedom but I don’t think those are true.

>>30433197
Right. But people buying illegal shit with monero right now are in for a rude awakening in the future.

>>30433226
When a company refuses to do something that could net them profits, it usually does it out of fear of getting bad PR.

>>30433097
https://en.wikipedia.org/wiki/Post-quantum_cryptography

>>30430725
With atomic swaps, doesn’t there technically need to be people on both sides of the swap? So if a whale wants to get out of BTC, there would need to be a shit load XMR that people want to swap for BTC for that to work

>>30433097
Cope, Nonero

>>30433436
also,
https://github.com/insight-decentralized-consensus-lab/post-quantum-monero/blob/master/writeups/technical_note.pdf

>>30433288
>what is statute of limitations

>>30433513
That's true for any transaction. Without a buyer there can be no seller and vice-versa.

>>30433097
Monero is quantum proof

>>30423380
Set bandwidth limits in the CLI

>>30433411
Yeah, I could see them being afraid of PR since they are the most normie friendly company too. But didn’t they also hire some people that were involved with terrorism or human rights violations o something like that? I can’t find the article so I guess that didn’t matter for their PR but I remember hearing that

>>30433685
Ive got a laundry list expiring soon

if atomic swaps are already on testnet how long until it's available on the mainnet?

>>30423449
Why would I ever take a keynesian seriously lol

>>30434611
>ID: cry Q
Trust the plan.

Are you ready for the golden pump anon?
https://www.coindesk.com/irs-operation-hidden-treasure-unreported-crypto

>>30434611

Im guessing a few months definitely end of year we will have something concrete...like maker/taker and something with decent ui..

The dream is getting it integrated in a mobile wallet.

>>30435266
>https://www.coindesk.com/irs-operation-hidden-treasure-unreported-crypto

This is so fucking bullish Monero is literally a ticking time bomb at this point imo.

>>30435266
>“These transactions are not anonymous,” the IRS' national fraud counsel said. “We see you.”
*dabs*

>>30423574
Seems like a fear tactic to get people to host nodes for them to me considereding they recommend you host a node and say that not hosting a node will compromise your privacy which is what monero users are interested in. The obvious solution here is for monero to just connect to the remote node over TOR but apparently they'd rather FUD their own coin.

>>30433097
QC is only theoretically useful in cracking SHA-256
We have yet to see it used in a case against monero

>>30435451

>>30435266
>Darknet switches fully to Monero
>normies embrace Monero as the only way to buy weed
>entire IRS+DOJ:

>>30435688

It's inevitable.

>>30433513
A BTC whale would pump the XMR price up

>>30435451
>We see you
no you don't
https://www.youtube.com/watch?v=OaQ5jZANSe8

>>30435688
>>30435753

Which is more likely? War on drugs ends so they can be legalized and an incentive to use XMR removed? Or governments sperg out trying to crack down on it with legislation written by technological illiterates?

Government's need for control versus sunk costs of those in power. Hmm.

>>30436018
Weed is already becoming legal in many states. Some hallucinogens are up next. I’d like to see them legalize opiates and stimulants too.

>>30436018
The United States government is losing competency via the deaths and retirements of boomers hired under the old civil service system and their replacements from "equal opportunity" and "diversity and equity". Incompetence is assured, and that's layered on top of everything else that's going on. Regulatory capture assures that any policy that's been in place for a decade or longer is profitable to someone and those someones control the agencies and legislation via lobbyists. What I'm trying to say is that you will see this

>governments sperg out trying to crack down on it with legislation written by technological illiterates

Except worse than you can imagine.

>>30436018
The federal government will never, ever let go of the war on drugs because that provides too convenient an excuse for a bunch of other shit they want to do.

>>30436018
>War on drugs ends so they can be legalized

More likely is eventual decriminalization where small-time buyers aren't prosecuted while dealers/traffickers still are as per Portugal.

But its unlikely that the really hard stuff will be decriminalized anywhere any time soon.

why should i get monero if i am 42 dlls in eth

>>30436018
Even if the drug war ended tomorrow, having every transaction public is stupid and enough reason for XMR to become widely adopted. There's no need to have my $20 dinner clearly linked to my entire stash through some chainalysis that will eventually be widely available. I hear the excuse BTC maxis make which is that they want government adoption before they implement privacy and while I think it might be a good move, I don't think they will be able to make privacy default on BTC and it will ultimately fail in that respect (like ZEC) making XMR necessary. XMR is probably going to be one of 5-10 base layers that win in the end.

>>30419771
this image is outdated the revised tx count for March is around 700k

>>30436496
>42 dlls in eth
Can you explain what this means?
You mean Dollars?

>>30436530
based. Monero isn't just for criminals. Even normies who are fine with giving up privacy to ad algorithms won't want every entity they transact with to know exactly how much they have. I've seen people who've paid for a service in BTC get asked for more because the vendor checked their address and saw they had "plenty of BTC to spare". Even normies won't put up with that in the long run, BTC is doomed.

current method to acquire monero
>fiat bank account -> Cuckbase Pro ACH -> USDC -> Binance VPN -> sell USDC/USDT -> buy XMR/USDT
>pay a shitload of fees and slippage
>make an account on Kraken cause they sell XMR directly
>Kraken doesn't have ACH
>you have to wire money to their bank account ($30 fee at my bank)
Why is this shit so hard what the fuck

>>30437009
Kraken is trialing ACH right now

>>30436654
Yes

>>30437009
There are direct swap sites in the OP. My faggot state prevents most of them from working so I use cryptiswap. I typically use LTC instead of USDC so I don't get raped by USDC-on-ERC20 gas fees on cuckbase.

>>30437009
Kraken not available in all states so you are lucky

>>30437163
Ah, XMR doesn't have gas fees, I've also found it to be faster than ETH.
Got transaction fees but they tend to be very minimal.
Also, ETH should be treated as a commodity, it's used to fuel transaction and applications hosted on the ethereum network, XMR is a currency, it's used to privately pay for things.
It's also been fairly stable in the recent dip which from what I've seen is fairly consisten.
Which you think would be best for your usecase is for you to decide.

>>30436530
>Even if the drug war ended tomorrow, having every transaction public is stupid
Having all transactions in an unique immutable ledger is not very smart either.

>>30433436
That wouldn't retroactively secure the ledger you brainlet.

>>30437009
God method:
Coinbase pro ACH -> Litecoin -> litecoin to kraken -> sell for usd -> buy XMR

>>30438157
Might as well go for Binance VPN instead of Kraken. I'd rather have the CCP know I bought Monero than a KYC exchange.

>>30437071
sounds based. I guess I'll wait for that then.

>>30419578
I’m new to monero and can’t afford any but man I really want one, I heard you chads are good people and help newbies out my address is 46EeWZQhkkpVTsftXSX7dneSPQX5sTnDHHnCGM4yxPB8YNhhyYAZo4LRrwhrXoixrxCy7MR2Fpvp9bifRfexvc262mgFpMT if any of you chads wanna make me a hodler id love you forever!

>>30437653
>Having all transactions in an unique immutable ledger is not very smart either.
So you want to go back to gold? What are you getting at?

>>30438798
Sent 5 XMR your way. YAGMI.

>>30419578
Bonŝancon al miaj gefratoj de Monero. Ek lunen!

>>30438870
Wtf dude why would you help people....

>>30438924

>>30438870
God I hope you were trolling him.

>>30438924
>Wtf dude why would you help people....
Probably a second connection from the same person, trying to get the donations going.

>>30438870
On the off chance this isn't bait
Try not to give in to the begging, most of them are bots
It's shitty but handing out like that brings in more people begging and bots, keep handouts to people you know

>>30439147
Hope so guy didn't deserve a dime.

>>30439160
>>30439147
>>30439086
>>30438924
If it makes them stare at their wallet for an hour waiting for a transaction, I'm happy to write one line of text.

>>30439232
Based.

>>30439232
based

>>30439232
kek, I shoulda known

>>30435675
quantum hasn't even been proven to break elliptic curves which Bitcoin's actual security is based on.
if they can break sha-256, great, they can monopolize mining for a while before Bitcoin hard forks.

>>30439232
Dangerously based

>>30439416
At least they'd finally get the ASIC miners to fuck off for a little while

>>30439444
Im not a fucking bot but glad you guys said something I would have had my hope dashed later than soon....

If anyone isn’t an asshole who likes to taunt the poor I could use help 46EeWZQhkkpVTsftXSX7dneSPQX5sTnDHHnCGM4yxPB8YNhhyYAZo4LRrwhrXoixrxCy7MR2Fpvp9bifRfexvc262mgFpMT

>>30439665
Sent 3 XMR your way. For real this time. Sorry about before.

>>30439665
Sent 2 XMR your way to be kind unlike the others.

>>30439232
lmfao

>>30439665
Guys stop deleteing my post please
Send cocaine coins to
666420lmaoxd1337rotflamocoptergoeswasdwasdwasdwasdwasdwasd69xxX1337sc0p3zXxx

as someone regularly using this coin as a currency to buy adult candies..... fuck I love XMR. I don't give a shit what the price is on any given day, I'm accumulating as long as people will give me drugs for it!

can the dude ITT post his wallet again, need to send you a few monero, i feel bad

>>30427212
go at it alone. That way you're helping fight decentralization, and you might just win the lottery. Not like pool mining is particularly profitable.

>>30439930
Sent .25 now fuck off nigger

>>30439232
Halo, fako de bazinteco?

>>30427212
fuck profits, be an idealist!

>>30440150
Thank you kind stranger!
Here, have my latest Monero-chan commission, it's the least I can do.

>>30437009
>>30438157
Fiat->BTC->XMR
why are you guys making it more complicated than it has to be?

>>30440345
More please! She so pretty on this one.

>>30423380
I haven't seen that. I run a node in the background

>>30421532

Don t buy more then 1k in monero if your just a speculator

Also add ETH and lite coin to your wallet buy Dont pay more then 205 for lite coin anytime soon

I've been wanting to shift into Monero for a long term hold (as in years not months) but I want to do so in as anonymous of a manner as possible. Not because I want to do anything that is not legal, but simply because it is my wealth and I want to store that long term in a private way just as if I were storing cash under my mattress.

I am an Ameribro so assuming I "visited" the UK to access Binance.com (not the bullshit watered down .us), is swapping BTC from my mobile wallet into Binance into XMR the most anonymous way to go? Or would my KYC BTC be linked to the XMR purchase? Would my visit to the UK be documented along the chain of custody, or would I be better off staying in the US, sending BTC to my friend in the UK, having him swap for XMR on Binance, then have him send it to me? Why the fuck is it so hard to hold wealth without having the prying eyes of world powers keep tabs on my every move?

>>30436018
Even if the war on drugs hurts XMR I still want it to end. It's destroying society.

>>30440429
I think because LTC has lower transaction fees? So transferring it to a non-KYC exchange is cheaper than btc

>>30428952

No Mcafee had his own Bitcoin that was a Ponzi scam
.it was not Monero

>>30440677
And sorry for the reddit spacing it was legit too long of a paragraph

>>30440641
If you don't have port 18081 open to your node, or don't know what that means (since we've been seeing a lot of non-technical people in here), you don't need to worry

>>30440676
>Don t buy more then 1k in monero if your just a speculator
Why not?

>>30430288

Only way Monero can make more currency is if people make transactions with it like currency and trade

So its the perfect crypto

>>30436530
>>30436988
Also your Bitcoin isn't just "dirty" because the government made it illegal, your coins can literally be "cancelled" by the public knowing they got associated with "wrongthink"

https://www.dailymail.co.uk/news/article-9152179/500K-Bitcoin-sent-France-US-far-right-groups.html

So the need of privacy isn't just for the government

>>30440345
Did you receive it yet? I should’ve bought a 4 Chan gold account instead!

>>30440838
Got it ;)

>>30440677
if you already have BTC, just go to some non-KYC exchange that doesn't deal in fiat, like TradeOgre. Or use Morphtoken. Or wait for atomic swaps.

>>30440677
Binance is safe. I also use Kucoin to acquire monero

>>30440429
BTC transaction fees ($20-$25) are almost as much as a bank wire

>>30440760

Because its a slow build if each coin goes down 10 dollars people get paper hands

Also buying 30k at once will attract rug pullers bringing it down to 190

People have to be warned nit to pay more then 230 right now for monero

>>30441015
I'm not buying to flip this shit for a few percent gains, I'm buying because I think it's a reasonable hedge against USD inflation and American government fuckery.

Idiot just cash app to cake wallet and switxh to btc rwtards

>>30419771
>high ball estimate for March

Comfy monero thread

>>30420888
I've never ran a node and I never will. All it does is obfuscate IP.

So is the stock market/crypto market ever going to crash? I want to buy in because I believe in this project but dont want my investment to go from $200 to $50

>>30428070
The only thing you get is better IP obfuscation. That is it. No, it's not fucking worth doing unless maybe you have a serious fucking operation. Otherwise use tor or a VPN before using a wallet.

The thing I fear the most with XMR is it gets kneecaped like BTC and they remove block scaling because muh decentralization.

>>30423449

>>30441478
yeah probably. but probably won't be worse or as bad as march 2020, since now there will be even more people looking to buy the bottom as well

I'm expecting june or july

>>30429997
Coinbase is far more interested in being a middleman for BTC transactions and token scams. The last thing they are going to do is have a market for actual currency.

>>30441355
It also helps the network though.

>>30431250
Ethereum is an unscaleable piece of shit ponzi platform that has literally never produced anything of value.

>>30431348
>going to start accepting donations in monero
Wtf is the hold up? They don't even have to alter the address everytime like they do with BTC.

>>30423669

Homophobic crypto? Based, where do i buy?

>>30439232
BASED

>>30435451
Based Monero Chad

>>30423669
If that can be made quantum-resistant as well, that'd be endgame.

>>30435753
How can you trust any market or vendor? You're probably buying from feds.

>>30436203
I thought Washington legalized heroin.

>>30440728
>>30440986
BTC fees are like 10-60 sat/vB at the moment, the last time I moved btc I paid $3 using 54 sat/vB and the time before that I used 7 sat/vB and paid about 60 cents...usdc fees are probably higher and ltc fees are probably not much cheaper. Why are you penny pinching on fees anyway unless you're buying 0.0005 xmr at a time or something...

>>30419578
>non KYC
>Kucoin
I just noticed this. How do you withdraw without giving them your phone number or making a google account?

>>30442742
>.usdc fees are probably higher
USDC on Coinbase is ERC-20 so calculate in ETH gas fees.

>>30440677
>sending your crypto holdings to another person

>>30442742
>unironically defending BTC fees
You're such a fucking faggot, dude.

Can't a person use cash to buy a Visa gift card, use that and a VPN to fund Binance, buy Monero, and be almost 100% anonymous? (with the only weak link being the VPN) I get nothing is 100% anonymous I just want to get close because fuck invasion of privacy

>>30433513
Or the XMR price will go through the roof.

>>30443079
I was clearly describing a cover story. Didn't know I needed to fucking spell it out

>>30443311
You could buy BTC using your real name and trade it for XMR and still be totally safe.

>>30442907
That's my point, the guy is complaining about nonexistent $20-$25 btc fees but he's using eth and doing abunch of pointless transactions.

Can a MoneroChad give the rundown on running a public XMR node from a home network? What are the main benefits (I'm guessing these are, strengthening the network, providing a safe node for yourself and others to depend on), but I'm mostly concerned about the risks. So, I open a port on my router, and run a node with mostly default settings. Will this get me V&? Hacked?

>>30443716
Nah you'll be fine. Monero itself is completely legal to hold and operate nodes for. Even Tor bridge nodes are fine to run at home, although running an exit node is a bit unwise because you're legally on the hook for whatever exits Tor there.

>>30443398
I guess I just don't want any record of having even ever held Monero. Just like selling something for cash at a garage sale. Because privacy, that's all

>>30440345
Hello sirs, hw can u view picture? I have no Gold account. pls sir do the needful and tell me how to get it sir.

>>30443889
>I guess I just don't want any record of having even ever held Monero.
Why? There's nothing wrong or illegal holding XMR or any other privacy coins.
It also doesn't mean that if you hold XMR you might be a drug dealer, a CP lover or other shits.
It's up to you the use that you do with your XMR. Think about cash, cash is private too, people don't judge and can't know if you use $100 to buy a gram of cocaine or to buy groceries for your family.

>>30443932
Sure, send directing to my monero wallet address 2.5 bitcoins and once funds are is received you will be able to view premium photographs

>>30444142
He probably doesn't want to pay taxes on it I'm guessing
Doubt he would ever get audited though

>>30444142
I understand owning XMR isn't illegal now, but that's not saying it couldn't be cracked down upon in the future. Just like I have physical silver I bought with cash at a local coin store (virtually untraceable), I want to build a wallet with virtually untraceable Monero for whatever the future may bring

defi exchange for XMR -> silver when?

>>30444262
I don't give a shit about paying taxes. It is a privacy issue, and I am looking at Monero as a % of my portfolio as a hedge against future government fuckery

>>30442665
possession is legal, not sale

>>30444380
That'd probably be darkweb or localmonero only because otherwise Uncle Sam is going to want his cut.

>>30437009
Coinmetro ACH -> XLM -> Binance VPN -> XLM/USDT -> USDT/XMR
$5 ACH fees and the rest is practically nonexistent

which is more trust with entering your mnomic seed for android
Cakewallet or Monerujo? OP says use Monerujo for android, but Cakewallet is available there too. Why not cake wallet on android?
Anyone give me some input?

>>30445475
Cakewallet isn't open source. Monerujo is, and is available outside Google Play so you're not tying it to your Google account ID.

>>30419714
I wanna see it

>>30445533
>Cakewallet isn't open source
https://github.com/cake-tech/cake_wallet
?

>>30419578
Hey monero chads... with the recent NFT craze I'm feeling bullish about monero. I think the primary use case for NFTs is going to be money laundering
For example: I buy your NFT with BTC for $10. You send me back $8 in monero along with the NFT. As far as anyone knows only one transaction has taken place.
My question is: How viable is this as a money laundering scheme? Do you see any overlap between monero and NFTs? Are you also bullish or am I a schizo?

>>30438157
>>30437009
>>30440429

>>30445995
Whoops.. I mean $12 in monero. The seller obviously will be the one laundering the money.

>>30445475
Don't put your main seed on your phone.

>>30445995
I am bullish AND you are a schizo

Heres a hypothetical. Moneros transaction history will continue to be private however in theory groups of entities could log your address while sharing it with others. Example: You buy something off Amazon with monero, you then use the same address to buy something on ebay. Amazon and ebay then form a joint business agreement to share addresses that they have collected and the information that is attached to them (so any billing info + purchase history).

>>30446594
You can use different subaddresses

>>30446594
that’s called an EAE attack and applies to any exchangeable asset.
https://www.monerooutreach.org/breaking-monero/poisoned-outputs.html

>>30446594
>"There is nothing sensitive, from a security perspective, about the bitcoin address. It can be posted anywhere without risking the security of the account. Unlike email addresses, you can create new addresses as often as you like, all of which will direct funds to your wallet. In fact, many modern wallets automatically create a new address for every transaction to maximize privacy. A wallet is simply a collection of addresses and keys that unlock the funds within."

And that's just bitcoin too. But it seems silly to use XMR on Amazon.

>>30444336
You said it yourself that nothing is 100% anonymous. For example with gift cards, you're probably on camera and the cashier would probably give the jackbooted thugs every detail they want if they got interrogated. Also if you carry a cell phone, it's tracking you even when powered off as long as the battery is connected so it might trace back to your home. And then of course there your hardware, firmware, and/or software might be compromised with backdoors and exploits.
>>30446044
Yea that's probably the easiest way for new friends, and you save a dollar or 2 in fees.

>>30446663
https://www.getmonero.org/2019/10/18/subaddress-janus.html

>>30442665
only if you are an "individual experience experiencing homelessness"

r/monero is cringe. CRINGE.

atomic swaps will be made illegal by World Government before they're even available. Stop lying to yourselves. DUMP EVERYTHING.

>>30448403
>the peoples crypto!!!!

>>30444380
>defi exchange for XMR -> silver when?
hi anon- check out the PMsforsale subreddit. I've seen numerous XMR exchanges happen there.

>be me
>sell shitcoin I mined 7 years ago on exchange today for BTC
>look for BTC/XMR pair
>can't find any shit, probably banned on that exchange, whatever.
>withdraw $100 worth of bitcoin to hardware wallet
>0.0005 BTC fee ($25)

Is this how it feels when government tax your ass or does the exchange rip me off ?
I'm sure I paid 0.0001 ($5) fee last week on different exchange when I withdraw $600 worth of BTC.

Going to invest $3.5k worth of money to Monero, wish me luck.

>want to buy my first xmr on localmonero
>seller says he is on telegram but doesnt provide a number, just a big "pgp public key" I don't know what to do with
help

>>30449711
just use coinbase/morphtoken

>>30449711
I tried using localmonero but it looks like it's filled with weird telegram scams and dealers that are obviously feds offering 10 different ways for you to buy in. I don't have the patience to buy XMR $50-100 per transaction either. It's still basically kraken/binance/huobi until atomic swaps comes.

>>30449711
Lol just use a different vendor and check they have a decent amount of sales with good ratings.

>>30449876
>>30450088
How is bisq?

whats the new silkroad guys

>>30451412
dark dot fail

>>30451412
Fbi.gov

>>30431727
The fact that anglin will only take monero is probably the single greatesr buy signal out there. Can't wait to throw a few monero his way when I buy in.

>>30420888
>not using feather
ngmi

inconceivably bullish

>>30446594
ngmi

>>30432212
>bamba bia! ibsa pidzerbia!

Beginning of November .0115

Beginning of March .0042

This is the bull run so far for Monero, have to be one of the worst performers? just awful