/biz/ - Business & Finance

Surefire way to not grow wealth

>>49820949
T. Doesn't know what use case means

>>49821017
Stay poor. At least you can send your useless coins to other Monerocels privately

>Monero is a midwit trap
But thats link.

>>49821251
Aren't mutually exclusive

>the only cryptocurrency that actually wants to be used as hidden money is a midwit trap

ok

>>49820949
Are you kidding

>>49820949
Imagine being this retarded

>>49820949
>Reminder that buying drugs on the dark web isn't a usecase.
i bought btc $250-500 in 2015 specifically because i was a drug addict lmao
get fucked OP, monero is the new bitcoin and literally all usage trends point to us being to where btc was in ~2015

>>49820949
To be fair, if the gubmint were to legalize everything and dismantle the DEA, Monero would indeed lose some of it's relevant use.

In a world where everything reasonable is legal, hidden cash is only useful for guns, humans, and murder in which case, yeah, it would lose a lot of it's appeal. Even weed legality is a bit of a problem.

It's kind of funny that XMR depends on the government continuing to prohibit things which should be legal, and if they don't, it becomes very sketchy as to why you would actually need it.

Yes, of course, it's no ones business how much money you spend on video games and sure that *should* be a principle of future humans, but really it only works as long as people are doing coke and not allowed to :/

>>49820949

A+ for effort but lol

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

>>49821586
based

>>49820949
>buying drugs on the dark web isn't a usecase
It absolutely is. I’m not gonna grovel and suck the dick of some retarded (((doctor))) to get adderall and modafinil which I need for my adhd. Gtfo of here.

>>49820949
>unique usecase worth millions isn't a use case

Is that what they call pretending to be dumb?

>>49820949
Okay I'm going to buy and swing it anyway, hope you don't mind.

>>49821534
Drugs is one just one use case. "Criminals" are early adopters if they want to stay free. That's why they used V8 engines and the telephone well before the general population did. XMR is that shiny new V8 for prohibition runs of the 21st century. Ppl will catch on like those canadian truckers did when they found out how unprivate bitcoin was and they're looking for a better tech. The real criminals are the banks owners from the BIS down and their govt stooges. Monero eliminates any need for them because it is the ideal form of money. And they know it.

Token not needed

>>49820949
Supporting domestic terrorism is definitely a usecase

A little boys club of secret coins won't make you money

I want cocaine

>>49822282
I left money laundering off my list of things to do with it, but indeed it will pretty much eternally exist as a laundering valve.

When it comes to big money though, it's not like they're short of laundering methods or institutional protection against crimes. They're free to do them in the light, so having an option to do them in the dark is probably more of a "nice to have" than a necessity. The same powers that be are of course not thrilled by the idea of you as an individual outside the system having similar abilities, so I don't entirely agree with you that this faction inherently supports Monero. It is perfect tech for what they do, but do they need that tech? They already do what they do without it. Every day.

Ultimately though, if it's less effort and cheaper (it is), they will probably migrate in that direction, you are correct.

>>49822369
>won't make you money
not really the point, there are other vehicles for that

>>49822346
The CIA supports domestic terrorism.

And foreign terrorism

Monero should be the official currency of the US

>>49822369
>A little boys club of secret coins won't make you money

Cool story, bro.

Itt midwits coping

>>49820949
>Reminder that buying drugs on the dark web isn't a usecase.

>>49821376
>>49821436
>>49821803
>>49822102
>>49822958
t. poor with worthless coins

>>49822231
There needs to be a Monerpone.

>>49821586
The best argument AGAINST Monero is, that it's illegal and that you might go to jail for owning it

The best FOR Monero is that it's illegal to own it, and governments are scared enough to put you in jail for owning it

>>49823117
Come on anon, try a little harder. You're embarrassing yourself.

>>49821534
>which should be legal
Eat shit lolsperg druggy

>>49823651
Monero is not illegal you brainlet.
From a compliance perspective it is no different than Bitcoin

>>49823912
present a rational argument for the prohibition of any recreational substance

hard mode: explain why tobacco, alcohol, and state-by-state sometimes marijuana are excluded from this rationale

nightmare mode: you can't use black budget funding for intelligence services in your argument

>>49824378
Easy way to throw niggers in jail.

>>49821534
>It's kind of funny that XMR depends on the government continuing to prohibit things which should be legal, and if they don't, it becomes very sketchy as to why you would actually need it.
Other countries besides USA exist.

More Monero FUD pls, I wanna buy all your bags off at 50$ per coin and then get ricj in the upcoming years.

>>49824417
Yeah, the governments of those countries too.

Many of which will follow the US government's lead, but yeah, I mean, I guess there's always a market for Monero for drugs in china and the middle east, even if the US (and europe, commonwealth, etc) changes policies, good point.

Hey boys, big slurping time!

>>49820949
It's botmined shitcoin that only noob devs would associate with. The only reason it's even used on the darkweb is because it's a fed infested honeypot, just like the darkweb.

>>49825014

Bitcoin was used on the darknet first.

>Cases where Monero is used isn't a use case

Raptoreum

>>49825207
And it's still more accepted on the darkweb than xmr. everyone who ever kyc'd their monero wallet is just as easily ciphertrace'able as anyone who used btc. the xmr dust attack in 2021 was used to identify decoy addresses and build an algorithm to anticipate patterns in decoy address assignment. maybe if you're routed through 7 vpn's you can avoid ip tagging but most likely if you're using xmr you are tagged and pwn'd. That is why they shill it so hard here and make up lies about and attack all the other privacy projects. It's an old tech peice of shit and the only thing that keeps it running is malware and tax dollars.

interesting thread

>>49825507
>And it's still more accepted on the darkweb than xmr.

not for much longer it seems

>the xmr dust attack in 2021 was used to identify decoy addresses and build an algorithm to anticipate patterns in decoy address assignment.

Citation needed.

>>49820949
it's the only usecase of any currency in the world you brainlet. everything is drugs

>>49820949
Anonymity and the ability to scale is a use case. Forget about drugs, think about what everyone expected bitcoin to become in 2010

>>49825725
yeah good luck with your fork. maybe if you had the govt's approval to implement some useful shit like atomic swaps or anything that resembles progress you wouldn't have to rely on feds to shill your bags in this ocean of piss 24/7. The tx attack is well documented on github along with the fact that any new dev that comes along gets viciously attacked for pointing out flaws in the protocol. If you're investing in crypto without dyor you should just go back.

I have 10.5 xmr

Wait for me bros!! I'll get 18.5 soon

>>49820949
It's a usecase
But the token price is literally irrelevant
You can just buy monero when you need it and sell it instantly regardless of the price, it's a zero sum usecase

>>49821586
Serious question: why not both? I mean one is a store of value and the other is actual e-money. I don't see why it's got to be Highlander: The Crypto series.

>>49826458
>Serious question: why not both?

SoV on a transparent chain that is increasingly experiencing serious fungibility issues isn't very reassuring. Monero does everything BTC does but with God-tier banking secrecy.

>>49820949
Poo in da loo

>>49825999
>fork
not a fork, original codebase

>atomic swaps
exists already, government approval not needed

>progress
vibrant dev community, steady development with foresight

>tx attack
post github link, likely pre 2018 with older codebase, there have been major improvements since then

>pointing out flaws
see breakingmonero series, by the devs themselfs

>go back
Yes, please do

>>49820949
Kek, at least it's actually used

>>49821016
That's because it's the only cryptocurrency that is still actually used as a currency Anon

>>49826130
>he disclosed

>>49821016
Past performance is not an accurate indicator of future results

>>49821534
>everything reasonable is legal,
>guns aren't
Kys

>/biz/ sitting on XMR for years not making any money
Sad!

>>49826804
>atomic swaps
not implemented at the protocol level in any useful manner without using an intermediary. Your shit sucks and even the devs say to be careful cause you can still lose your funds.
>progress
you have one new dev who has contributed to the core stack recently (after finding the tx timing exploit and getting flamed for it) and a bunch of old ones who haven't done much at all for years.
>tx attack
It's been scrubbed recently or these conversations have now been set to private on gh I guess. I'm not digging in around in this turd anymore anyway. suffice to say everyone knows what happened and your cope is to say it didn't happen or doesn't exist, just like ciphertrace's readily available monero tracing suite of software.
>please go back
You should go back to your general because you are out of your depth and your army of sycophants isn't here to jerk you off.

Just invested 5k in XMR and will probably invest more, how fucked am I?

>>49826458
>store of value
How's that value lookin these days sport?

>shitcoin shills that are mad their shitcoin isnt as popular as the only coin thats used as money.

>>49826458
How is Bitcoin a better store of value than Monero? They're very similar as far as miners are concerned, just that it's possible to conceal monero.

>>49820949
I dont have monero and dont do drugs, but how is this not a use case??

Keep buying monkey images idiot, lmao

Buying drugs is actually a great use case. People are going to do it and there's only one coin to use

>>49820949
Monero's tech is obsolete. There are fresh blockchain projects that focus on data privacy and security like Otto blockchain.

>>49829676
>Otto blockchain

Literally who?

>>49829676
They know they're obsolete. It's why they dont care about rampant bot mining making cpu mining unprofitable. They don't care about privacy, They don't care about adding functionality or improving the protocol. They don't even care about the price. As far as I can tell, they are a cult of retards and feds committed only to destroying any actual privacy protocol that may usurp their precious.

Don't care. Never selling

>>49829838

>>49820949
Litecoin is used as an actual currency.
Watch the monexicans ITT switch to price action narrative now.

>>49823117
keep paying your taxes like a good goy

Been buying drugs on the darknet for years and will not ever use Monero. Bitcoin or nothing I don't want to deal with Monero garbage. Unlike Monero shills claim Bitcoin is still widely used on DNMs

>49828220
>sekrit exploit exists
>NOOOOOOO I WON'T FIND PROOFS

fuck off

>>49824496
It's not just prohibition. If your living in some 3rd world tyranny and your trying to get wealth out of the country Monero seems like a decent option.

>>49829838
If Monero cared about privacy, you would think that they would offer proof that ciphertrace hasn't broken their user's privacy. No such proof has been produced. Because either don't fucking care, or they can't do anything about it /thread

>>49830029
>Been buying drugs on the darknet for years and will not ever use Monero. Bitcoin or nothing I don't want to deal with Monero garbage. Unlike Monero shills claim Bitcoin is still widely used on DNMs

>>49830066
>proof that ciphertrace hasn't broken their user's privacy. No such proof has been produced.

Proving a negative

>Ciphertrace
"Yes we have tracing software for Monero and we charge less than 20 grand a year to use it"
>Monero
"This software company that just got bought up by Mastercard is full of shit and their tracing software doesn't even work. We refuse to seriously investigate it any further."

>>49828220
link the "exploit" or you're full of shit, retard

you fucked up. you should have stuck to vague claims -- did you really think nobody was going to call you out? whatever they're paying you, it's too much

>>49830467
It was an attack. Not an exploit.

>>49830511
great dodge faggot, now let's see the *attack*, it's surely been archived somewhere

>>49824406

>>49823912
Go back nigger faggot kike

>>49830634
here is an explanation of what likely happened before it happened. I'm not gonna fucking spoon feed you assholes. https://ieeexplore.ieee.org/document/9461084

>>49820949
>one of the largest parts of the global economy isn't a use case

Okay guys, this is the bottom. Out of absolutely nowhere, only when Bitcoin is surfing between $18000-$20000...MULTIPLE Monero FUD threads start getting posted? Bull market, commence!

>>49831161
Do you guys just alternate between shilling for Link and Monero or do you circle jerk in both cults at the same time?

>>49820949
Luke Smith endorses it and he's the smartest person on the Internet so I trust him despite only being computer literate enough to play minecraft with mods and shop online

>>49820949
Monero is the only crypto that isn't a midwit trap, what the fuck is even the point of cryptocurrency if not untraceable transactions? Why would anyone keep serious amounts of wealth in something as speculative as crypto? Occasionally buying small amounts of Monero from localmonero to buy drugs or a hitman is the peak of crypto.

>>49831070
I can't find that paper, but it has the same authors as this flood attack from years ago: https://eprint.iacr.org/2019/455

I remember when that came out; it's literally nothing

so it's old news and being addressed with the next hard fork. The decoy selection bug was a way bigger deal than this shit

>>49831070
>paper from 2021
>citations from >2020
>~46% chance of deanonymizing a transaction vs 100% chance of deanonymizing literally any other crypto transaction

Thanks just bought 100k