/biz/ - Business & Finance

>>49250747
Yes Obviously, an individual's Gold Holdings are public information right?

>>49250747
And a loaf of bread will cost $1,000.00

>>49250747
>QOM is digital money. Simple as that. QOM will be $1 by 2030 & BTC $100K. Suck my balls faggots

There, fixed it.

U forgat AVAX bro new eth

Dont forget

if you like XMR you should stop shilling it on public forums
peace

>>49250747
>Bitcoin is digital gold
Fuck no, even gold has a better usecase than that old, clunky and slow shitcoin.
>Monero is digital money.
Indubitably.

>>49250747
>illegal
>money
kek

Correct, let me pound your ass bareback and cum deep inside, faggots.

Meds, now.

Remember kids, use Monero so the fed can put you on the list!

>>49250747
I think apecoin should switch to avalanche subnets

>>49252969

lol CipherTrace FUD in 2022???

https://moneroinfodump.neocities.org#CipherTraceFail
https://moneroinfodump.neocities.org#CipherTraceFail
https://moneroinfodump.neocities.org#CipherTraceFail
https://moneroinfodump.neocities.org#CipherTraceFail
https://moneroinfodump.neocities.org#CipherTraceFail

>>49253247
Oh shit! you mean regulation compliance officers at every major exchange are spending $16k/yr on software that doesn't work? You guys should let them know, now!

>>49253247
also, neocities? really? You mean to tell me that feds can't afford their own domain?

>>49253546
kek a little too obvious anon

>>49252969
>>49253502
>>49253546

>>49253663
Yeah I'm the glowie, It's not the army of shills who all follow the same script with identical posts day in and out.

>>49253502

What is compliance theater, genius?

>Of course, you might be wondering: what is the point of developing and marketing a Monero tracing tool that doesn't actually work? The answer is simple: it's all compliance theater and CipherTrace's tool is merely a prop to be used accordingly. In their own press release they state:

>"The availability of this enhanced Monero tracing bolsters the viability of privacy coins for the long-term, assuring regulators that exchanges, OTC desks, and other virtual asset service providers will be able to comply with global Anti-Money Laundering requirements while continuing to accept Monero transactions."

>Pricing for source tracing of Monero transaction capabilities starts at $16,000 USD per year, per user, for existing licensed CipherTrace users at selected customers and agencies.

>So if you're an exchange and you want to make or keep Monero available to your customers you now need to be demonstrably proactive with regards to AML regulations and such and for the small sum of $16K per year CipherTrace can cover your ass and verify that you did indeed do everything you were supposed to, up to and including "monitoring" suspicious Monero transactions. Yeah, it didn't amount to anything but at least you tried, right? It's actually win-win for everybody involved: CipherTrace gets paid, the exchange is certified as compliant and Monero keeps being available to customers.

>And in the end it turns out that CipherTrace's little publicity stunt most definitely did not backfire on them: in early September 2021 it was revealed that MasterCard will be acquiring CipherTrace for an unknown amount (kek) of USD. Well played, gentlemen!

>>49252675
You do realize that monero has about 10x worse scalability properties than Bitcoin right?

Just wait for it. In 2025 the top layer 1 will be Sy.scoin. With all of these executed, surely _SYS_ will be one of the best cryptos come year 2025. Indisputably unstoppable

>>49253970
400 TPS is fine. need high tps for usdc-t payments? algo. simple as

>>49253833
>Yeah I'm the glowie
Yes you are, and you're doing a terrible job.
>It's not the army of shills who all follow the same script with identical posts day in and out.
Then you should try and actually read the neocities ciphertrace info dump instead of posting retarded FUD that was dismantled years ago.
Atleast get educated, you're embarrassing yourself.

>>49253970
lel, lets hear it
>hard mode: dont mention lightning network

>>49253847
>>49255574
So this is your evidence? The fact that ciphertrace wont give away trade secrets to a literal who youtuber faggot? You really are out of excuses. If cex's cant trace xmr then why has so much volume moved to non kyc exchanges like Trade Ogre?

>>49250747
And OP ia a faggot.

>>49255895
>The fact that ciphertrace wont give away trade secrets to a literal who youtuber faggot?

lol they don't gave to give away ANY secrets, just need to demonstrate they can do what they claim they can do.

But they have consistently failed to do deliver the goods so nobody takes them seriously.

>>49250747
Is that the walmart kid?

>>49255895
Fine, picrel and Twitter thread:
https://nitter.net/sethforprivacy/status/1516971118854344705#m

>>49256158
Ok so ciphertrace is charging fees for software that doesn't work, and Mastercard was so impressed with their fraudulent product that they decided to buy them outright for an undisclosed amount of cash. Because Mastercard's board of directors felt like exposing themselves to acquiring a fraudulent product was a great investment for shareholders? I mean, I know people are retarded but is this really the logic tree that you shills are sticking with?

>>49256384

selling Cover Your Ass insurance is highly lucrative, especially in the cryptosphere with billions flying around.

It doesn't have to work, you just need to use the right kind of vague language to imply you can kinda sorta "visualize" transactional activity lol

>>49256503
Yeah and when the feds show up to audit your customers' xmr wallet activity you just shrug your shoulders and say "well ciphertrace said it would work but it was all really just a scam but we'll keep paying for it anyway cuz we do billions in volume and need to keep up appearances". What level of actual cope is this? You think the feds aren't serious about nailing your ass to the wall whenever they want? The moment that xmr actually manages to circumvent the current surveillance tech is the moment that it disappears from all major kyc cex's.

>>49255835
Because it's still global broadcast which inherently doesn't scale, but each transaction is about 10x bigger than a Bitcoin transaction because of ring sings. So it has even worse scaling properties and needs layer 2 just like everything else in this space, but monero community doesn't care and isn't even working on it

>>49256759
>>Yeah and when the feds show up to audit your customers' xmr wallet activity you just shrug your shoulders and say "well ciphertrace said it would work but it was all really just a scam but we'll keep paying for it anyway cuz we do billions in volume and need to keep up appearances".

lol do you even understand how Monero works and why deterministically tracing it is impossible?

>>49250747
Montero has simply not done so well with the dip and you all army of monerians should accept that cos I can say my PINK token rewards from the DeFi protocols of Dot finance has done me more good.

>>49256966
The cex logs your IP and can prove that you performed a transaction. Monero also has a non-constant fee that will leak information on when you signed the transaction, even if you delay its broadcast. Decoys can be separated from legitimate addresses by analyzing when you connected to the network. I suspect ciphertrace combines all of these techniques to eliminate plausible deniability. I really am a privacy advocate and think more privacy is better for crypto. But Monero is a fucking compromised joke and the army of shills it has infected this board with are anything but beneficial to the cause of privacy in crypto.

>>49257417
>The cex logs your IP and can prove that you performed a transaction.

That has nothing to do with Monero, you can't expect any privacy while logged onto a CEX


>Monero also has a non-constant fee that will leak information on when you signed the transaction, even if you delay its broadcast.

lol no, the timestamp you see = what time the new block is added. Have a look:

https://monero.com/block/467389e2480d0bcbffc4f99bb9b11c046ea8858b45f5d333c34087c5bbef997b/

Notice how ALL the transactions in that block feature the exact same timestamp.


>Decoys can be separated from legitimate addresses

No addresses appear on the blockchain, if you actually understood how Monero works you'd know this.


>by analyzing when you connected to the network.

Can't do that either, Dandelion++ shields your IP address.


>I suspect ciphertrace combines all of these techniques to eliminate plausible deniability

lol so why not demonstrably prove it? They have nothing to lose and everything to gain by proving they've got a magic crystal ball that can do what nobody else can!!!


>But Monero is a fucking compromised joke

You have displayed an impressive degree of ignorance about Monero's privacy protocol.

>>49256759
>the moment that it disappears from all major kyc cex's.
which major kyc cex actually carry XMR?

Is no one even going to mention how big that kids boots are? Wtf happened to this board man?

>>49258586
that's a man