/biz/ - Business & Finance

>>49570112
Generational wealth.

Can any xmr fag ever explain why this is an investment? It's just a currency

>>49570223
>just a currency
Just sovereign money. nbd

>>49570223
>Can any xmr fag ever explain why this is an investment? It's just a currency

>>49570112
Can any xmr fag address that claim about someone designing an ASIC a while back and singlehandedly gaining over 51% of the hashpower? I know there's a randomization element now to combat that, but can't they make a more flexible asic and do the same thing and none would be the wiser?

>>49571700
Would be made irrelevant by a single hard fork

>>49570112
I will once it hits $30.

>>49571700
>but can't they make a more flexible asic and do the same thing and none would be the wiser?
A Monero ASIC already exists and you can buy it off Newegg, it's an AMD Threadripper. RandomX has you execute a broad range of code that only a generalist processor can handle, if some ASIC company wanted to make a product for mining Monero all they would be doing is reinventing a beefy Threadripper.

>>49572400
Based resp. Didn't realize that. Doesn't that cause decentralization issues? Satoshi never wanted asics.

>>49570112
one of the few coins worth a damn

I started buying this last week. What are the stacks? I have 3.5
My average price in is about $178

>>49570112
Why should I buy this instead of Dero?

>>49572621
Sui: 18.7
Make it: 100

>>49572494
>Doesn't that cause decentralization issues?
Monero is the only coin that's actually solved mining centralization specifically because it's designed to run off generalist, consumer-grade hardware (calling a Threadripper an ASIC is just a joke) so there's no centralized, race-to-the-bottom mining farms that can be targeted like Bitcoin is prone to. People mine Monero on their gaming PCs, on company computers, you can even mine it on your phone.

>>49572494
Also the mining algorithm has been changed before and if somebody ever did manage to make a worthwhile ASIC it would likely just be changed again

monero is the big brain coin

>>49572697
All I can do is buy and hold right? There is no staking or anyway to earn right?

>>49572697
If sui is 18.7 make it should logically be 187 right?
>>49572704
Good point lad. The true bitcoin satoshi vision.

>>49572685
creator is a pussy, you can't even ask him basic questions without him spazzing out and kicking you out of the discord

>>49570223
Imagine if you bought into US dollars before the overwhelming majority of users were even born, and it also had a finite supply.

>>49572797
>All I can do is buy and hold right?
And use. That's the best option.

>There is no staking or anyway to earn right?
Buy or mine. That's it.


>captcha
>HKN0W

>>49572854
That's bitcoin. Xmr is tail emission.

>>49570112
i literally all in shorting until 120

>>49572889
>That's bitcoin. Xmr is tail emission.
That's mostly an academic point as every single one of us will be dead before the last Bitcoin is mined. From a meaningful human perspective both of them are going to continue to inflate and issue new coins for the rest of our lives

>>49570223
Every non inflating used currency gets more and more used as a valuestore

>>49573041
With about 1% inflation each, and dead people/lost wallets, there's a real argument that they could go deflationary.