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/biz/ - Business & Finance


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File: 264 KB, 827x1181, 1689724578245.jpg [View same] [iqdb] [saucenao] [google]
49796697 No.49796697 [Reply] [Original]

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized P2P privacy cryptocurrency!

Monero is secure, low-fee, and fungible, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT ensure that Monero's blockchain is obfuscated -- In other words, the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a user willingly providing a view key.

Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of transactions increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in June 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.

If you still have questions, feel free to ask and a MoneroChad will be with you shortly.

XMR Redpill: https://youtu.be/wq6w03E2DS4

XMR Stats: moneroj.net

USE Monero: https://cryptwerk.com/pay-with/xmr/

OFFICIAL WEBSITE - getmonero.org

WHERE TO GET MONERO?

>KYC:
Kraken
Binance
Bitfinex

>Non KYC:
LocalMonero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official Gui/Cli
My Monero
Exodus
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo

>> No.49796750
File: 577 KB, 1298x900, 162614854231641471.jpg [View same] [iqdb] [saucenao] [google]
49796750

PREVIOUS THREAD: >>49775629

>> No.49796803
File: 889 KB, 1568x1080, P2Pool.png [View same] [iqdb] [saucenao] [google]
49796803

STOP MINING IN MINEXMR
>START MINING IN P2POOL
STOP MINING IN MINEXMR
>START MINING IN P2POOL

P2Pool combines the advantages of pool and solo mining; you still fully control your Monero node and what it mines, but you get frequent payouts like on a regular pool.

P2Pool has no central server that can be shutdown/blocked because it uses a separate blockchain to merge mine with Monero. There's no pool admin that can control what your hashrate is used for or decide who can mine on the pool and who can't; It's permissionless!

Decentralized pool mining (P2Pool) is pretty much the ultimate way to secure a PoW coin against 51% attacks. When P2Pool reaches 51% of the total network hashrate, Monero will be essentially invulnerable to such attacks.


YOU CAN NOW MINE IN P2POOL DIRECTLY FROM THE MONERO GUI WALLET!

If you have a PC or laptop:

1. Download Monero GUI
https://i.imgur.com/ZGefPef.png

2. Pick 'Advanced' mode
https://i.imgur.com/4c0uSE4.png

3. Set up your wallet
https://i.imgur.com/4lMKh00.png

4. Keep the default Daemon settings "Start a node automatically in the background"
https://i.imgur.com/maACmmT.png

5. Once sync'd, go to Advanced->Mining and pick 'P2Pool'. If you have a laptop or low-end PC (~50 kH/s) pick "Mini" pool, else pick "Main"
https://i.imgur.com/E60JeMG.png

P2Pool-compatible remote nodes if you do not have your own local copy of the blockchain:

>p2pmd.xmrvsbeast.com - (Western Europe) (rpc-port 18081, zmq-port 18083)
>myxmr.net - (Northern Europe) (rpc-port 18081, zmq-port 18083)

OTHERWISE SWITCH TO A SMALLER POOL, IT TAKES YOU 30 SECONDS AND YOU CAN JUST SOURCE A DIFFERENT CONFIG FILE IF YOU DON'T WANT TO FUCK UP YOUR EXISTING ONE.

Many inexperienced miners think that big pools give better profits which is not the case. Your profits in the long run depend only on your hashrate, not on the pool's hashrate.

https://web.xmrpool.eu/xmr-monero-easy-mining-guide.html
https://monero.hashvault.pro/en/getting-started
https://www.supportxmr.com

>> No.49796848
File: 65 KB, 560x558, TakeThePill.jpg [View same] [iqdb] [saucenao] [google]
49796848

*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****
*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****


Learn more about Monero's key features and excellent future prospects, have some common misconceptions dispelled and discover the cold hard facts about Bitcoin, Zcash and PirateChain. Also featured is a noob-friendly buying, storage and wallet guide.


>Monero: it's what new Bitcoin users think they bought. Every feature, explained
https://moneroinfodump.neocities.org


>Why Monero is so untraceable: a rundown of the powerful stealth tech Monero utilizes
https://moneroinfodump.neocities.org#MoneroIsUntraceable


>The Writing on the Wall: Monero replacing Bitcoin as the new standard
https://moneroinfodump.neocities.org#MoneroReplacingBitcoin


>Breaking News: no, Monero still isn't traceable
https://moneroinfodump.neocities.org/#RecognizingTraceabilityFUD


>Vaporware: why nobody is worried about CipherTrace's magic crystal ball
https://moneroinfodump.neocities.org#CipherTraceFail


>Very Clever Math: how we can verify that the XMR supply isn't being inflated
https://moneroinfodump.neocities.org/#MuhInflationBug


>Pssst, wanna buy some Monero? Follow these simple how-to guides
https://moneroinfodump.neocities.org#BuyAndStoreMonero


>Bitcoin: The Original Non-Fungible Token
https://moneroinfodump.neocities.org#BitcoinBlackpill


>Why Monero is Better than Zcash: the "privacy coin" criminals won't touch
https://moneroinfodump.neocities.org#ZcashBlackpill


>The Lowdown on PirateChain: why this Zcash clone is considered a scam
https://moneroinfodump.neocities.org#PirateChainBlackpill


>LATEST UPDATES

- added Proof-of-Stake update to Zcash Blackpill
- added list of available desktop/mobile wallets
- expanded all sections with more relevant info, graphics & videos
- added easily linkable headers and sub-headers (link icon to the far right)
- added a new section about traceability FUD

>> No.49797380

Nigger

>> No.49797399

>>49797380
based

>> No.49797482
File: 604 KB, 1200x879, 1655508634699 1638531857230.jpg [View same] [iqdb] [saucenao] [google]
49797482

Why is the thread getting terminated so quickly, it only reached 162 replies.

>> No.49797514

>>49796803
i smell curry

>> No.49797569
File: 1.47 MB, 1920x3246, CypherpunkManifesto.png [View same] [iqdb] [saucenao] [google]
49797569

Never forget what this is ultimately all about.

>> No.49797590
File: 284 KB, 685x1024, 1550105063317.jpg [View same] [iqdb] [saucenao] [google]
49797590

>>49796697

>> No.49797599
File: 64 KB, 800x531, History-of-Asset-Bubbles-Past-40-Years.jpg [View same] [iqdb] [saucenao] [google]
49797599

>The irrational exuberance of cryptocurrency investors

Irrational exuberance is characterized as a hype-fueled mania that causes investors to massively overestimate an asset's real-world value. In this delusional state, investors tend to become so smitten with expectations of greater profits that they disregard the assets’ potentially weak fundamentals and drink the proverbial Kool-Aid.

This then leads to them recklessly and repeatedly buying into whatever asset is currently rising in the charts, thereby triggering and/or sustaining an asset bubble. This bubble is kept inflated solely by the mass delusion that the market price is justified and will only keep going up in future, effectively becoming a self-fulfilling prophecy. Note that bubbles can last for years, especially in an age of easy investor on-boarding. However, when history inevitably repeats and the bubble bursts that optimism invariably turns into panic as the asset crashes back down to its real-world value.

In finance, the "greater fool theory" suggests that one can sometimes make money through the purchase of overvalued assets—items with a purchase price drastically exceeding the intrinsic value—if those assets can later be resold at an even higher price.

In this context, one "fool" might pay for an overpriced asset, hoping that he can sell it to an even "greater fool" and make a profit. This only works as long as there are enough new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value, which in some cases could be zero.

This effect is often further exacerbated by herd mentality, whereby people hear stories of others who bought in early and made big profits, causing those who did not buy to feel a fear of missing out.

>> No.49797615

>>49797590
RIP photognome :(

>> No.49797624
File: 267 KB, 550x1198, BTC-halving.jpg [View same] [iqdb] [saucenao] [google]
49797624

>No tail emission = Bitcoin is fucked

Right now, at the current hashrate, miners break even on energy expenses at a BTC price of $22K. Post 2024 halving, that break even point, at the current hashrate, goes up to $44K. If BTC does not go to $44K, miners will be unprofitable and hashrate will have to drop (miners going out of business) to reduce the cost of securing the network, also reducing the security.

If you know anything about the power of 2, you already know that things get very big, very fast. If we’re 3 halvings into 32 total halvings, then the estimated break even point for miners at current hashrate going into the last halving would be:

$22,000 * (2^27) = $2,952,790,016,000 per BTC

$2,952,790,016,000 per BTC * 21 Million total Bitcoin = $62,008,590,336,000,000,000 BTC Market Cap

The block rewards shrink so fast that after enough halvings Bitcoin would eventually require a $2.95 trillion price per Bitcoin and a $62 quintillion market cap to sustain the current cost of $7.15 billion/year.

Even if these numbers were somehow realistic, can you imagine securing a $62 quintillion market cap on only $7.15 billion/year of hashrate? LOL.

And that’s assuming energy costs do not increase at all over the next 120 years, which they will.

So basically BTC mining will eventually become so unprofitable the hashrate (network security) will shrivel up UNLESS it is subsidized by BTC transaction fees.

https://cryptostackers.substack.com/p/bitcoin-is-not-a-store-of-value

>> No.49797796
File: 266 KB, 1200x1145, wirey.jpg [View same] [iqdb] [saucenao] [google]
49797796

Reporting in

tor irc- https://pst.klgrth.io/paste/tzm4s
Aliases- https://pst.klgrth.io/paste/bjbx3
Extras- https://pst.klgrth.io/paste/daxte
Nodes- https://pst.klgrth.io/paste/ke2k8
Mining- https://pst.klgrth.io/paste/c7na4

>> No.49797889

any news?
when moneromoon?

>> No.49797974

>>49796697
Pick a better OP picture next time, it looks like shit

>> No.49798109

Is 185 XMR to one BTC a good price to buy XMR? When I buy physical silver, I don't worry too much about spot since the historical and technical value are overwhelming.

>> No.49798292

>>49797624
>So basically BTC mining will eventually become so unprofitable the hashrate (network security) will shrivel up UNLESS it is subsidized by BTC transaction fees.
News to absolutely no one who read the Satoshi paper.

>> No.49798423
File: 44 KB, 852x475, HeadJanitor.png [View same] [iqdb] [saucenao] [google]
49798423

>> No.49798682

>>49797624
Got any chart that displays xmr mining profitablity over time since launch?

>> No.49798782

>>49793635
You should always have a three month buffer lol
I guess sell some after this liquidation shitshow?
And I mean your net worth is apparently 90% crypto, which is horrible.
Guys please get some REAL financial education before putting any real amount of money into crypto, stocks, etfs and real estate.
Anon would not have ended up with issues like this if he had only bought 5k worth of xmr, DCA would've helped his portfolio too.

>> No.49798822

>>49797615
How did he die?

>> No.49798863
File: 31 KB, 570x666, 1652049123800 dSoK0.png [View same] [iqdb] [saucenao] [google]
49798863

>>49798682
Like this one?

>> No.49798920

>>49798863
>Matlab
Extremely bearish

>> No.49799062

>>49797624
Whoever wrote this post doesn't understand how PoW ledger works. Mining doesn't need to be profitable. Extra miners will just leave and nothing of value will be lost.

>> No.49799198

>>49798863
Something in this fashion. Take the most used mining hardware and it's profitablity data and turn it into a monthly chart. Don't know if someone kept track of this tho.

>> No.49799218
File: 154 KB, 1080x325, 0265cd53e9fc5ca8.jpg [View same] [iqdb] [saucenao] [google]
49799218

>>49798863

>> No.49799367
File: 230 KB, 1024x1449, 1655508665863 1637356219216.jpg [View same] [iqdb] [saucenao] [google]
49799367

>>49798920
I don't see how that is relevant. I have another but this one is more complete.

>>49799062
You're projecting. Mining absolutely needs to be profitable, they need incentives in order to keep the network secure. If this does not happen, fees are increased to have said incentives. You don't expect to have miners working for free right? This isn't communism, fool.


>>49799198
I don't think this is tracked, would be cool to see anyway.
>>49799218
That's for bitcoin though, it's sha-256. Monero uses cryptonote.

>> No.49799540

So if Bitcoin goes to zero and liquidity dries up how will I buy monero to buy my drugs off the deep web?

>> No.49799629

>>49797482
Is that OC or is that a lookalike?

>> No.49799667

>>49799367
Monero uses Random X, not cryptonote

>> No.49799691

>>49799367
>Monero uses cryptonote.
I know it's just an example

>> No.49799750

>>49798822
Heart problems from being very fat.

>> No.49799854
File: 81 KB, 600x816, 1655508489032 1653037555417.jpg [View same] [iqdb] [saucenao] [google]
49799854

>>49799629
Don't know what OC is but the girl looks like monero-chan, that's why I posted her. Here, have another one.
>>49799667
You're right, it started with cryptonote and move on to randomX.

>>49799691
I understand what you mean. I don't think you can really know for certain as you can mine xmr with any CPU, not hardware specific like ASICs. I might be wrong.

>> No.49799876

>>49799540
It will literally never go to zero. There will always be a way to buy or sell. You'd have to literally install a global capital punishment for involvement with crypto in order to stop crypto

>> No.49800159

>>49799854
>>49799629
I think she is Black Hole Chan, they look pretty similar

>> No.49800192

>>49799367
>I don't see how that is relevant
We're not all made of Matlab money, anon.

>>49799540
You'll have to earn it instead of fiat. When you do dissident things online you can ask for Monero donations or do work online and take Monero for it. Circular economy and all that.

>> No.49800491

>>49800159
I've seen that black hole Chan posted here before aswell. They're either twins or an alternative lifestyle lol.

>>49800192
>We're not all made of Matlab money, anon.
My brother, I didn't even know what Matlab was until you said so lmao. I just saved it from someone else since it's good information.

>> No.49800527
File: 622 KB, 368x368, 4f63a006dca1845c83c53b35076b680b45d1abf0.gif [View same] [iqdb] [saucenao] [google]
49800527

Where my Z-Chads at?

>> No.49800534

crypto is dead

>> No.49800564

>>49800491
>They're either twins or an alternative lifestyle lol.
Monero-chan is part black hole; it's why she's so good at hiding information. (She's self-conscious about it, though.)

>> No.49800672
File: 143 KB, 600x850, 1655508519741 1649482032881.jpg [View same] [iqdb] [saucenao] [google]
49800672

>>49800564
BASED

>> No.49800931

>>49800672
>Anon, you know I don't really talk about that side of my family...
>Anon, stop it! You know I don't like it when you call me your little black hole; I really don't...

>OK, fine, Anon, I'll do the eye glowing thing JUST THIS ONCE because it's your birthday, but you have to PROMISE you won't get scared if I make any noises or look like I'm gonna hurt you; it's hard to contain this sort of thing once I let it out...

>> No.49801206

>>49796697
I lost 1k$ lmao
when will this heroin coin stabilized ?

>> No.49801239

Black Hole Chan is her cousin should be canon.

>> No.49801289

>>49799367
Blockchain needs enough miners to keep it secure e.g. to make 51% attack unlikely. My claim is that Bitcoin has way too many miners already (not sustainable), but it doesn't mean fees will skyrocket. If fees are too high to transact people won't pay them (unless there is too much hype), miners will have to take what they are given and deal with that. If they are unprofitable, they should leave.

At the same time Monero mining is far from being profitable right now. So either Monero price goes up or miners start to leave or everybody mines out of enthusiasm.

>> No.49801465

>>49801239
See >>49800564, I choose this to be canon.

>> No.49801535

>>49801289
>everybody mines out of enthusiasm
best possible scenario

>> No.49801558
File: 208 KB, 696x1002, 7689346266.png [View same] [iqdb] [saucenao] [google]
49801558

>>49801206
>when will this heroin coin stabilized ?

Cocaine coin, not heroin.

>> No.49801625

>>49796697

fuck I was asleep all day...did I miss the bottom?

>> No.49801721

>>49801535
North Korea will lead the way forward with infecting all our computers with monero mining malware

>> No.49801891

>>49801289
Monero mining isn't designed to be profitable, it's designed to net you money if you already have hardware.

>> No.49802760

>>49801465
No they need to be separate

>> No.49802831

>>49801558
cocaine is cringe

>> No.49802888
File: 401 KB, 948x1406, 162652247842885351.jpg [View same] [iqdb] [saucenao] [google]
49802888

>>49802831
>cocaine is cringe

>> No.49803011

>>49802888
yes. any other drug gives a better high and cocaine is so fucking expensive its the only drug where you have to sell your house to buy a few grams

>> No.49803126

>>49798109
It's an alright price. The low recently is 0.004, it's not too far from that.

>> No.49803369

>>49800159
It is. Though I consider BH-chan an alternate form of monero that sucks in all the glowie light from IRS-chan. Might make a drawing of an idea I had involving her.

>> No.49803573
File: 545 KB, 512x512, slurp.gif [View same] [iqdb] [saucenao] [google]
49803573

>> No.49804120

>>49803011
>yes. any other drug gives a better high and cocaine is so fucking expensive its the only drug where you have to sell your house to buy a few grams

name one drug that gives a better high than cocaine? It's not amphetamines, those just give you energy and make you focus. Weed dulls you down and makes you lazy, or paranoid depending on personality type. Psychedelics can be fun but, like amphetamines, they last 8-12 hours.

Name one other drug that gives you a euphoric high that only lasts an hour or so thus allowing you to still sleep at a reasonable hour when you're getting high at night? I'll wait

>> No.49804198
File: 151 KB, 436x484, Screenshot_20220618-221416_Firefox.jpg [View same] [iqdb] [saucenao] [google]
49804198

>>49797590
>if only you knew how comfy these bags are

>> No.49804774

>>49804120
>name one drug that gives a better high than cocaine
opium, heroin, meth, lsd, shrooms, weed, mdma, even cigs and alcohol lol
>Weed dulls you down and makes you lazy
better than being coked out thinking you're on top of the world when in reality you look like a psycho
>Psychedelics can be fun but, like amphetamines, they last 8-12 hours
what's wrong, can't handle being high for a while?
>boo hoo name a drug that caters to my shitty tastes lol
opium

>> No.49805350
File: 1.68 MB, 1500x2000, 1647350112213.png [View same] [iqdb] [saucenao] [google]
49805350

>> No.49805377

>>49799062
>Extra miners will just leave and nothing of value will be lost.
normies won't though. number go down causes them fear.

>> No.49805762

>>49798920
Could be worse, could be python. All it means is he's just a depressed grad student.

>> No.49805779

>>49797624
BTC will always be a way to monetize fugitive energy, so there will always be a motive to mine it

>> No.49806400

>>49804120
>>49804774
thought you'd wait? too coked to respond?

>> No.49806683

>>49804774
>opium, heroin, meth, lsd, shrooms, weed, mdma, even cigs and alcohol lol

Opium is good but impossible to get. Heroin is usually tainted with fentanyl and not worth it. Plus, those are different highs, no one is going to take opium and be productive or have a good convo at a party.

>meth
literally lasts days on end, pointless

>lsd
interesting but lasts 12 hours and is huge mental commitment, not worth it for quick fun

>shrooms
same as acid

>weed
depends on strain, can cause paranoia, doesn't energize you like coke

>mdma
worst drug on this list, causes extreme brain damage at anything over 100mg or when combined with alcohol or overheating. A drug only a retard should do

>cigs and alcohol
fun, but enhanced with cocaine

Sounds like you've never had good cocaine. You're probably a zoomer who lives in the UK or Australia where good cocaine does not exist, and is overpriced thus making it pointless.

Anyone who says "coke isn't that good" has simply never had good coke. There is no other possible explanation

>> No.49807031
File: 3.73 MB, 2540x3443, 1655613079736.jpg [View same] [iqdb] [saucenao] [google]
49807031

I was gone for only like a week man. How much lower does bitchcoin have to drag us down?

>> No.49807089
File: 172 KB, 518x571, 1655613297532.jpg [View same] [iqdb] [saucenao] [google]
49807089

>>49806683
>Anyone who says "datura isn't that good" has simply never had good datura. There is no other possible explanation

>> No.49807188

>>49807089
kek ty for making me laugh anon. But datura is not like cocaine, completely different substance. Cocaine is enjoyable when it is pure, you only need a little bit to feel very good

>> No.49807414
File: 1.25 MB, 1200x676, 1654102928309.png [View same] [iqdb] [saucenao] [google]
49807414

>>49797624
>breakeven price is $22k
>buttcorn now trading below that
I'm gonna mine more Moneroj tomorrow.

>> No.49807560
File: 1 KB, 125x95, 1520400865600s.jpg [View same] [iqdb] [saucenao] [google]
49807560

>>49796697
>use bisq
>enter trade
>stranger asks for your ID
>can't leave trade
>lose coins/money
>no kyc

>> No.49807714

>>49807414
NO CIRNO DON'T TEST THE DEMON CORE WITH A SCREWDRIVER THERES NO FAILSAFE

>> No.49807785

Are there any general do's and don'ts when using XMR for payments?
I'm going to setup a storefront for others and take a small cut.

monero-wallet-rpc+Daemon RPC seems pretty easy to deal with, but how should I handle the customer wallets?
I'm thinking not at all, no escrow, just pay, cut, and buyer gets the thing later.

What do you think? Is holding a large amount of coins in escrow worth it?

>> No.49807908

WHEN DO I JUMP ABOARD, AT 600$?

>> No.49809011
File: 1.61 MB, 1200x1200, 1631298969334.gif [View same] [iqdb] [saucenao] [google]
49809011

>> No.49809126

>>49806683
A lot of the markets like Alpha don't let fent and related products be sold. Alpha literally has a disclaimer. It will get you de listed.

>> No.49809131

>>49806683
Also shrooms only last 4 hours anon.

>> No.49809262

>>49809126
>A lot of the markets like Alpha don't let fent and related products be sold. Alpha literally has a disclaimer. It will get you de listed.

that's good, I'm not really into opiates either way so I wouldn't know. I just know it's common now. Not something I want to risk. If I could find a dw market where I could get pure good opium I would do that, but the one time I bought opium it came from nepal and was just like this gunk that looked like hash oil shatter but tasted like shit and didn't get me high

>>49809131
good shrooms should last 8 hours from when you eat them until the trip is totally over. The peak will be over by 4 hours, but you'll still be pretty high unless they are garbage mushrooms or you're microdosing

>> No.49809341

>>49809262
~1.5 hours on, ~4 hours peak, ~2 hours come down is how its always been for me

>> No.49809456
File: 78 KB, 1362x766, 180123-avlon-trump-tweet-hero_ykmwsd.jpg [View same] [iqdb] [saucenao] [google]
49809456

>>49807560
>>stranger asks for your ID
dick pic is most valid ID

>> No.49809528
File: 322 KB, 1313x525, xmr note 2.png [View same] [iqdb] [saucenao] [google]
49809528

>> No.49809549
File: 139 KB, 678x959, xmr tax free.jpg [View same] [iqdb] [saucenao] [google]
49809549

>> No.49809648

>>49799062
That compromises security. You realize mining isn't done just for fun right? It's there to secure the blockchain. If 95% of the miners have to leave for things to become sustainable it means 95% of your security just evaporated. That's not sustainable and is a gigantic risk to a blockchain.

Monero figured it out by making mining CPU exclusive which resulted in mining being more decentralized and therefor better to absorb shocks since a lot of Monero miners are volunteers and not for profit organizations.

>> No.49809932

>>49807560
>tell him that clearly wasn't part of the deal
>ask escrow officer to terminate trade

>> No.49809933

>>49797624
>Right now, at the current hashrate, miners break even on energy expenses at a BTC price of $22K
pretty sure industrial miners produce btc at around 10k with $0.04/kwh but okay retard

>> No.49810322

>>49804120
I'm jealous of people like you. Cocaine doesn't give me an euphoric high at all it just gives me a light buzz of energy like supercharged caffeine. Only opiates give me an actual euphoric feeling

>> No.49810360

>>49807089
I've tried datura three times and had one great experience, one okay experience and one I don't really remember

>> No.49810484

>>49806683
>cigs and alcohol, fun, but enhanced with cocaine
This is very very true, most people I work with always have a little coke on them when they go drinking for emergencies and you need to take a bump to quickly become sober and productive like a client calling.
>Anyone who says "coke isn't that good" has simply never had good coke.
I've done a LOT of coke in my life (meth is hard to get here and we need to work long hours) and it doesn't produce the same effect in everyone. Some people (like me) never get the euphoric feeling or feeling on top of the world effect. It might be that I am a narcissist and already feel that way normally or maybe it's just a brain thing but either way I don't feel it.
>weed doesn't energize
Some strains absolutely do, try it out more, yeah not like coke but weed can both have a calming "stoned" effect or a productive "high" effect. I personally don't like weed but I have colleagues that use it daily to keep engaged with the task.

For a party drug I actually think Shrooms are the best. But you need to go with a large group of friends, rent a nice cabin in the woods for a weekend off where you won't get disturbed by any strangers and just trip your balls off together.

Just evening parties when done with work are banal to begin with it's harmless fun but those events shouldn't be your peak enjoyment anyway.

>> No.49810763
File: 1.86 MB, 1502x1201, 16890347598325.png [View same] [iqdb] [saucenao] [google]
49810763

>> No.49810832

>>49801891
It doesn't even cover electricity costs.

>>49809648
Security is a complex thing. There always will be a chance of 51% attack, we can only make it less likely. But there is a point when its enough. The limit would be enough miners so that no centralized entity could quickly accumulate 51% of computing power. If you got more, you can afford to lose some, increasing rewards for everyone else.

>> No.49810896

>>49809933
That post is so fucking retarded that all of the regulars here ignore it. Speculation about BTC miners has no business in the OP of these threads.

>> No.49811183
File: 1.10 MB, 339x500, dmt.gif [View same] [iqdb] [saucenao] [google]
49811183

>>49806683
>opium is impossible to get
theres some on tormarket right now
>no one is going to take opium and be productive or have a good convo at a party
yes they can. plus you are not being productive or having good convos either, 90% chance you look like a coked out lunatic and barely get anything done while you think you are carrying some 500 iq deals, like methheads
>huge mental commitment, not worth it for quick fun
if you don't wanna make mental commitments, don't take drugs you fucking pussy. better to spend 10 bucks on 12 hours of fun than spending 50 on a gram that lasts 1 hour at best. you can also do 4-HO-MET or 2cb if 12 hours is too much for your pussy genes
>weed can cause paranoia
as if the same wasn't true for coke. i see coke making people twitchy, irritable and paranoid all the time. i don't feel shit and i tried every drug there is to try, save for high level shit like datura and dmt
>mdma causes brain damage
source? again, implying coke doesn't damage your brain also. every coked out person looks and acts like a complete psycho.
it's a shit tier drug, more expensive than all others yet it's the shortest lasting one and makes you look insane if you take too much. get based, do lsd

>> No.49812481

should i join the TEAM?
shill me on monero

>> No.49812493
File: 235 KB, 526x701, 1655632990481.png [View same] [iqdb] [saucenao] [google]
49812493

bumpp

>> No.49812512

>>49812481
>should i join the TEAM?
>shill me on monero
If you need convincing and spoonfeeding, fuck off.

>> No.49812687

>>49799062
>Extra miners will just leave and nothing of value will be lost

https://www.coindesk.com/learn/what-is-a-51-attack/

>> No.49812783

>>49810832
>Security is a complex thing. There always will be a chance of 51% attack, we can only make it less likely. But there is a point when its enough. The limit would be enough miners so that no centralized entity could quickly accumulate 51% of computing power. If you got more, you can afford to lose some, increasing rewards for everyone else.

No
>hashrate is X amount of mining rigs producing Y hashpower - the total $ amount invested in this is Z
>to do a 51% attack, you logically need to spend Z*1.02 if we assume everyone is already using an optimal mining setup that you would have to match (i.e. you couldn't just buy faster machines)
>consequently, if X decreases, then Y and Z decreases too - less miners means less less hashpower which means less is being spent on securing the network, so it becomes easier to attack

So no there isn't a point where we can afford to lower the security budge

>> No.49813378
File: 26 KB, 600x598, agony.jpg [View same] [iqdb] [saucenao] [google]
49813378

>>49796697
bros, you told me once the moon phase is over XMR would unlock its' true price potential. What happened? Can this coin ever pump?

>> No.49813392

>>49813378
sell you nigger.

>> No.49813469
File: 5 KB, 220x229, wo.jpg [View same] [iqdb] [saucenao] [google]
49813469

>>49813392
But.. Monero is supposed to be the better BTC.. It was supposed to rise up. It even has better tokenomics.Why is it dumping???

>> No.49813497

>>49813469
>Monero is supposed to be the better BTC.
Yes. And it is.
>It was supposed to rise up. It even has better tokenomics
Sell you moonboy nigger.

>> No.49813579

>>49812783
Not how it works. Easier or not, it is always possible to perform the attack. The only difference is in how hard it is. And going beyond certain threshold is unreasonable. We have the amount of miners in Bitcoin because it is profitable, not because it need more security.
To make parallels with engineering, there is a price to every human life - the amount of money you can spend to avoid the explain crashong. If it costs too much, you just let it go and let them die.

>> No.49813604

>>49813469
xmr isn't a mooncult, it's a apocalyptic cult
faggot here won't mind if monero dropped to 0.1$ if it replaced petrodollar

>> No.49813608

>>49813497
Look I ain't gonna pretend I'm simply in it for the tech. I like what it stands for, but everyone is wondering the same thing - The price action is disappointing to say the least. How would you make sense of it being a third of its' 2017 ATH?

>> No.49813615

>>49813608
nigger.

>> No.49813642

>>49813378
>bros, you told me once the moon phase is over XMR would unlock its' true price potential.
The moon phase isn't over yet. BTC is still at 5 digits, come back when it's at the low 4 digits
>>49813469
>But.. Monero is supposed to be the better BTC
It is
>It was supposed to rise up
It's the only cryptocurrency that has broken out of a downtrend to BTC over time so yes that is happening
>It even has better tokenomics
True
>Why is it dumping???
Because the cryptocurrency market is heavily overvalued and in dire need of a correction. I believe the total marketcap of crypto should be around ~100 billion USD it's still at 900 billion USD right now. The difference is that I believe Monero should hold the majority of Cryptocurrency marketcap. But it takes time for adoption to take over, which is still growing despite the market crash btw.

>> No.49813778

>>49813642
>The moon phase isn't over yet. BTC is still at 5 digits, come back when it's at the low 4 digits
Opinion discarded

>> No.49813872

>>49813778
I bought BTC at $6000 less than 2 years ago anon. Why do you guys always have such short time horizons?

>> No.49813957

>>49813872
Cause BTC is right around the 200ma level, and almost never reaches the 300ma level. It's also only gone 84% down from ATH in 2014 and 80% down in 2017. Look at the chart and tell me it's going below 14k.

>> No.49814031

>>49813957
BTC just broke the previous bull cycle's ATH. All bets are off as the investment thesis of "store of value" has essentially been disproven now support levels mean jack shit when the underlying investment thesis just collapsed.

Monero at least has actual usage as a currency so it doesn't rely on this investment thesis. What does Bitcoin have beyond store of value? (which is now disproven)

Go play more with charts and tea leave analysis while I and the rest of the thread focus on fundamentals and trends in macroeconomics.

The good news is that you at least know about Monero so that in the future you can come crawl back when it hits you that BTC is not going to go up anymore.

>> No.49814328

>>49814031
>(which is now disproven)
How is it disproven? It went down much more than current levels historically and is still in a much better position than XMR as far as store of value goes.

XMR should've been in the 4 figures by now if it followed BTC trajectory

>> No.49814383

>>49814328
>How is it disproven?
Store of value was based on the presumption that BTC always goes up every bull cycle and then during bear market never crashes below the previous bull cycle top. So in 2017 the top was $20,000. The "store of value" expectation was that therefor BTC would never crash below $20,000 EVER again.

That has been invalidated now, which resulted in the "store of value" investment thesis now being disproven. You can never be sure that your BTC will retain value and regain it the next bull market. Hell it's not even assured there will be a next BTC bull market now that the investment thesis has been invalidated.

Monero however, is still growing as a currency breaking transactional ATH every month. The investment thesis of it becoming the de-facto internet currency of choice is still coming true. It's just not valuated rationally by the market yet.

>> No.49814415

>>49796697
just doubled my stack selling at 200 and buying back at 100

>> No.49814655
File: 35 KB, 750x551, Fear Factor Ket.jpg [View same] [iqdb] [saucenao] [google]
49814655

>>49804120
LSD, ketamine
coke sucks dick

>> No.49814755

>>49814383
Being a store of value doesn't mean "BTC always goes up every bull cycle and then during bear market never crashes below the previous bull cycle top". We saw that the gap from ATH to next markets' ATL was getting smaller and it wasn't out of possibility for it to go below.
>Monero however, is still growing as a currency breaking transactional ATH every month.
huh? What does that mean?
>It's just not valuated rationally by the market yet
Who says it'll ever be "valuated rationally", then?

>> No.49814761
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49814761

don't mind me, spamming random meme

>> No.49814941

>>49814755
>huh? What does that mean?
He means Monero transactions are going up and never coming down

>> No.49815055

>>49814755
I'm trying to explain this as simple as possible for you to understand.

Different coins have different purposes and therefor also different "investment thesis" behind them.

If a coin has a different purpose you also measure its success in fulfilling that purpose differently. Following me so far?

Okay so the investment thesis for modern Bitcoin is that it's a "store of value". This means that you measure the success of Bitcoin in how well it retains value over time. Specifically what most investors claim how Bitcoin proves this is that yes, Bitcoin is volatile but at least it stays above the previous bull market's ATH every time. This has just been invalidated showing that Bitcoin is NOT a good store of value.

Monero never claimed to be a store of value. Monero has a different investment thesis: "Private internet currency". Therefor Monero has a different measure of success. The measurement of success for Monero is how much it's used as a currency. Or how much transactions are done over the Monero blockchain. This is still growing and even reached its ATH a couple of days ago. This shows Monero is growing in adoption and more and more people use it as a currency.

The current valuation of Monero isn't an indication of its actual value as a currency because the market is irrational and hasn't priced that into Monero yet.

Why do we think that is going to change in the future? Because adoption is growing over time in a clear up trend and to facilitate a higher volume of value as a currency means the buying pressure goes up over time, resulting in a higher valuation per coin. This is a long process however which takes years. Which is why we are early by investing right now when the usage is still relatively low and this effect on the market is negligible.

Hope you understand now anon.

>> No.49815224
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49815224

>> No.49815312
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49815312

>>49815055
>Monero never claimed to be a store of value. Monero has a different investment thesis: "Private internet currency". Therefor Monero has a different measure of success. The measurement of success for Monero is how much it's used as a currency. Or how much transactions are done over the Monero blockchain. This is still growing and even reached its ATH a couple of days ago. This shows Monero is growing in adoption and more and more people use it as a currency.

You are absolutely correct, however money IS a store of value, and Monero is money.

A currency is:
>a medium of exchange
>a unit of account
>portable
>divisable
>fungible (interchangeable)

Money is:
>all of the above from currency
>PLUS a store of value

It's just that the narrative for Monero is not directly a store of value, but it absolutely is such due to its properties. You don't immediately spent every money you have, it is stored.

>> No.49815360

>>49815055
checked and well written. Can we screencap this for future generals?

>> No.49815367

I fucking love monero chan and her little pet rock money

>> No.49815414
File: 1.08 MB, 1200x1887, 1655401766490.jpg [View same] [iqdb] [saucenao] [google]
49815414

>>49810832
>It doesn't even cover electricity costs.
Like I said, Monero mining makes sense IF YOU HAVE THE EQUIPMENT. Available power counts as equipment.

The original purpose of bitcoin mining wasn't as a source of passive income for would-be extractive value guys with piles of graphics cards, it was as an altruistic use of self-hosted servers, like seeding torrents or hosting a website or something. Monero tries to hold to that vision. Just because everything else has become a hypermonetized Passive Income™ nightmare where you sit on your ass and get paid for playing Fortnite while people watch your makeup tutorials doesn't mean Monero has to be, too.

(1/2)

>> No.49815465
File: 598 KB, 800x769, 1653602646768.png [View same] [iqdb] [saucenao] [google]
49815465

>>49810832

>>49815414 (cont. 2/2)
If Monero made a lot of money to mine, people would set up mining farms for it; mining farms are bad because they're terrible for power demand and drive up the price of computer hardware we need to do other things.

Think, would you rather have a network made up of random autistic neckbeards who throw a 2,000 word tantrum if a dev moves a pixel the wrong way (plus maybe a few North Korean government guys with a private nuclear reactor who need the currency to stay private) or a network of NFT avi crypto staker guys who will immediately turn their rigs off if some shitcoin moons/rugs or if the government comes knocking?

Think, anon!

>> No.49815504

I bought [REDACTED] XMR :)

>> No.49815581

Just found out there's about $2k in a 401k plan from an old job I left in a huff.

Time to buy some monero :)

>> No.49815940
File: 1.42 MB, 1920x1080, 1654740936776 1646238101535.webm [View same] [iqdb] [saucenao] [google]
49815940

>>49815504
BASED for not disclosing the amount.

>> No.49815943

>>49815465
>IF YOU HAVE THE EQUIPMENT. Available power counts as equipment.
There very few people who have free electricity that can be used to mine.

But my original post wasn't about Monero, but about Bitcoin and its miners leaving due to low mining rewards. And my point was - it doesn't matter if they leave.

>> No.49816189
File: 2.97 MB, 2000x2800, 1655646048609.jpg [View same] [iqdb] [saucenao] [google]
49816189

what's up with all the glowies itt

>> No.49816407

>>49815581
Usually its not best to removed funds out of 401k, Its 10% venality + income taxes. Rollover to your new 401k if you can

>> No.49816520

Why is going up? I need more time to accumulate AAAAAAA

>> No.49816553

>>49816520
same here. fuck me.

>> No.49816562
File: 21 KB, 400x300, 3a449be7469541a7f81147f9483122c8.jpg [View same] [iqdb] [saucenao] [google]
49816562

POOMPA
*BANG BANG*
POOMPA
*BANG BANG*
POOMPA
*BANG BANG*

>> No.49816576
File: 57 KB, 967x528, xmrbtc.png [View same] [iqdb] [saucenao] [google]
49816576

>not zooming out
Monero is holding as much sats in a near real capitulation crypto market drop when we experience that china mining panic last year last spring/summer. Wouldn't be surprised if btc survived off defi lending and big players in exchanges know this and are slowly holding more monero quietly. You think defi can make some comeback in 2-3 years?

>> No.49816622

>>49816407
I'm fine with the fees and paperwork I'm bailing out of that sinking ship.

Thank you for the concern though

>> No.49816637
File: 51 KB, 958x533, linkbtc.png [View same] [iqdb] [saucenao] [google]
49816637

Here is linkbtc. The defi darling that does well in "bear market" has quite a gap between current sats against its september 2021 sats.

>> No.49816657
File: 615 KB, 904x643, 1649442305054.png [View same] [iqdb] [saucenao] [google]
49816657

Monero-chan, hear my plea. Your guidance to find my btc/eth paper wallets so I can send them to you.

>> No.49816849

>>49815943
Oh, then I agree. BTC's constant difficulty means that it actually matters relatively little how many people mine.

What's really gonna fuck everyone is the finite supply.

>> No.49817029
File: 299 KB, 660x371, 1655648734289.png [View same] [iqdb] [saucenao] [google]
49817029

How much longer until bitcoin's obvious manipulation becomes impossible for normies to ignore?
How much money have jews siphoned off off this cycle, wyckoffing over and over?

>> No.49817188

>>49815055
>Specifically what most investors claim how Bitcoin proves this is that yes, Bitcoin is volatile but at least it stays above the previous bull market's ATH every time
This is not a stipulation for being a store of value. In fact, it was obvious it'll happen sooner or later seeing as BTCs price got closer and closer to its' previous ATH in previous bear markets. This doesn't mean it suddenly isn't a store of value

>> No.49817431

>>49817029
it's been like this for years.

>> No.49817440

>>49816189
I also don't know. So anyone else doing illegal things. I usually like to do illicit activities with a fren.

>> No.49817485

>>49817188
This is just moving the goalpost man. It was something considered sacred in the Bitcoin community until 3 days ago when it finally broke

>> No.49817572

>>49813378
>once the moon phase
>phase
as if this was a fucking plan or something, like we're in a hollywood thriller and Nicholas Van Saberhagen himself is just waiting for the right time to turn the "pump" dial on his instrument panel from 1 to 10

>unlock its true price potential
what the fuck are you talking about its price potential is entirely dependent on people using it as a currency or private store of wealth, go set up a full node and buy some protein powder with monero or something.

>> No.49817801

>>49813957
>14k
This is also my guess but there's nothing really stopping it from dropping to 5k again. The fundamentals aren't there anymore.
The peer-to-peer cash narrative failed with the block size limit. The store of value narrative is about to fail because hedgies will sell all their bitcoin once the billionaires they work for threaten to pull their funds if they don't, which will cause more dipping and less demand. A store of value needs steady demand for the asset in order to store value.

>> No.49818240

I remember reading something in the threads about some sort of Monero convention a couple days ago, what was this all about?
Anything interesting going on there, information dumps or is it just a social meetup thing?
Would you reccomend atttending one in the future?

>> No.49818351

>>49818240
Fed.

>> No.49818507

>>49818240
I went to one Monero meet up because it was close to me and it was equal part slimy Crypto Promoters™, dumbasses who get taken in by slimy crypto promoters, and severely autistic anons who were visibly uncomfortable.

Shit smelled, too.

>> No.49818510
File: 1.42 MB, 6071x4299, 1654908914147.jpg [View same] [iqdb] [saucenao] [google]
49818510

>>49815943
>IF YOU HAVE THE EQUIPMENT. Available power counts as equipment.
>There very few people who have free electricity that can be used to mine.
Back when people rented space in datacenters they generally got a flat power bill even maxing out all their systems constantly. This was much more true before the rise of AWS and VPS providers, and so the original Bitcoin miner ethos was to use some spare cores in racked servers. I have a colocated server like that and so I have effectively free power and cycles to mine on. I have mined an unknown amount of XMR on it via p2pool and will continue to do so.

>> No.49818517
File: 1.99 MB, 2997x3919, 1650904361803.jpg [View same] [iqdb] [saucenao] [google]
49818517

Bump

>> No.49818533

>>49818507
As an addendum, maybe there are bigger ones in places like NYC or whatnot, or maybe I just went to one at the wrong time (it was right after Bitcoin Miami) but still, it was very awkward.

>> No.49818556

>>49818510
Very based. The Internet runs because of people like you.

>> No.49818640
File: 50 KB, 732x431, Roger.png [View same] [iqdb] [saucenao] [google]
49818640

just slurped XX amount at ~100$, anons are u still slurping?

>> No.49818716
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49818716

>>49818640
waiting for $80. $100 is a decent price though

>> No.49818811

>>49818640
>just slurped
That's probably not a bad move, but I'm staying on the sidelines until the market doesn't look like a dumpster fire about to turn into a living nightmare.

>> No.49818901
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49818901

>>49818811
It will inevitably get much worse. Is everyone else here blackpilled on USDT and all this other scammy bullshit in the crypto market? I mean look at the effect that this "celcius" or "luna" bullshit had on the market, I didn't even know that they existed before they fell, yet there's tons of these shitcoins that have way higher market caps than monero. When they go down, they bring down BTC price and XMR with it.

>> No.49819011

>>49818901
I'm not blackpilled because it doesn't impact me at all. The long term play hasn't changed. I sold the top on multiple asset classes to buy more XMR.

>> No.49819197

>>49809549
the entire point of a 401(k) is that it does not have capital gains tax...

>> No.49819391

>>49818901
I was blackpilled because they're obvious scams were allowed to flourish. Now I'm happy they're collapsing. I want mooncunts broke and demoralized so they get the fuck out.

>> No.49819480
File: 1.94 MB, 640x358, 1636994713154.gif [View same] [iqdb] [saucenao] [google]
49819480

>>49818901
>"celcius"
I have no idea what kind of hype bullshit convinced all these idiots that Celsius was some sort of communally run financial services provider just because they said the word "decentralized" a lot. I looked at their terms and thought I was reading them wrong; they're a nakedly corrupt unregulated bank that promises to NOT give you your money back.

I mean, read this shit!
https://celsius.network/terms-of-use

>Your Celsius Account is not a bank account, deposit account, savings accounts, checking account, or any other type of asset account and should not be characterized as a banking product or service. All Eligible Digital Asset balances on your Celsius Account represent Digital Assets that are either (1) held in your Custody Wallet by Celsius or a Third Party Custodian, (2) loaned by you to Celsius, or (3) posted to Celsius as collateral and, therefore, owned, held and/or controlled by Celsius (under the applicable Service, as further detailed herein), and subject to Celsius’ obligation to deliver such Digital Assets back to you upon the termination of the applicable Service.

>Celsius may freeze, suspend or terminate your Celsius Account at any time in its sole discretion, in addition to taking any action and seeking any remedy it may be entitled to in law or in equity, including if Celsius suspects your involvement in any fraudulent activity of any kind or other misuse of the Services, provision by you of inaccurate or misleading information, or your involvement in any money laundering or other financial crime related to you or your Celsius Account.

>> No.49819611

>>49818533
Why didn't you go to Monerotopia?

>> No.49819626

>>49819611
Not in Miami.

>> No.49820002

Why is Monero lower price than Bitcoin, I dont get it? Monero is worth more honestly.

>> No.49820083

>>49820002
Price =! Value

>> No.49820910
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49820910

>>49815055 (checked)

>> No.49821168
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49821168

>>49810763

>> No.49821493

>BasicSwap DEX getting closer

“As for the DEX's GUI progress, it's been going very well and we're finally nearing its completion. Once that is complete, we'll run one final internal testing round along with the closed beta group and will be ready to release the open beta publicly right after!”

https://particl.news/particl-development-progress-report-17-06-2022/

>> No.49822685
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>> No.49823351
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49823351

>>49818901
I've been blackpilled since I read pic related and realized that bitcoin along with most crypto is actually priced in stablecoins, so if there's ever a stablecoin run it would make the luna crash look like childs play

>> No.49823696

>>49823351
Tether crash would unironically knock BTC to around $2k.

Don't feel too bad about it, though, because chances are high a concurrent global economic meltdown will be giving you bigger things to worry about. At least Monero will still work if you want to buy some drugs!

>> No.49823839

>>49823696
I'm honestly close to capitulating. Not with regard to crypto, just wealth in general. Seems like land is the only thing you won't get crushed by holding and it's damn near unattainable.
I might just stop caring and give up on owning anything.

>> No.49823904

>>49823839
I've stopped looking for safe assets. I'm gonna live where I want to live with my little stack of precious metals, maybe get some land there if I can, and just try to ride it out.

No point in hiding, might as well be somewhere you'd die for.

>> No.49824967
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>> No.49825204
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49825204

>>49823839
>I might just stop caring and give up on owning anything.
>>49823904
>No point in hiding, might as well be somewhere you'd die for.

Anons, never give up your hope, faith and love. Always remember that you are FREE to choose the concept you accept to yourself, be it good, bad or indifferent.

You give beauty for ashes when you concentrate your attention on things as you would like them to be rather than on things as they are. You give joy for mourning when you maintain a joyous attitude regardless of unfavorable circumstances. You give praise for the spirit of heaviness when you maintain a confident attitude instead of succumbing to despondency.

>> No.49825367

>>49822685
You bitch, you are not making it easy.
But well, you are one leg of the Saddle. So I will hold on to you.
I will hold you and will never leave you, you are the only place where I can put my savings ( and semen ) in a way that no one knows.
Around 2040s-50s when butter, non gmo veggies, non gmo milk, seeds, legumes, heirloom edibles, eggs and meat becomes illegal I might use you to buy organic food.

I hope I live my life in a way that millions of anons find useful and beneficial. That I serve the world in the best possible way - just like your fathers and mothers created you and now anons are finding you to be epitome of freedom against the globohomo.

>> No.49826086

>>49796697
>>49797590
Newfag here, who is she?

>> No.49826381
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49826381

>>49826086

>> No.49827152
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49827152

>> No.49827663
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49827663

>>49826086
>>49826381

>> No.49827717
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49827717

>>49827663

>> No.49828034

>>49819197
and funny enough you pay income taxes on the money you withdraw from a 401k, you might be thinking of a roth ira, which does have no taxes.

>> No.49828045

>>49796697
Hello I am from /pmg/ and was curious if there is a way to use XMR to buy precious metals, or a specific site? An anon in our thread mentioned you gentlemen might know

>> No.49828060

>>49828045
https://monerica.com/
go to the "Precious Metals" sections. any links with a check mark have been verified by fellow anons.

>> No.49828159

>>49828060
Thanks fren, stay awesome /xmr/

>> No.49828171

>>49827152
Is there imgur or something with rule34 of monero girl?

>> No.49828627

>>49828171
yeah
mega.nz/folder/JSYUlZrY#CxTF5PTJKcWIPt7qzduHzQ

>> No.49828684

Am I getting in too late? Looks like the slump is over.

>> No.49828690

>>49828627
Nice, thanks anon!

>> No.49828843

Gentle reminder that atomic swaps on Monero are still shit. https://github.com/comit-network/xmr-btc-swap/issues/922

>> No.49829677
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>> No.49830448

Guys I'm getting conscripted in a few weeks and I have some cash I want to invest. What makes monero better than eth or other coins. My mind is open towards noncrypto investments as well.

>> No.49830526
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49830526

>>49830448
>What makes monero better than eth or other coins.

>> No.49830569

>>49825204
Based evola poster.

>> No.49830622
File: 52 KB, 585x385, nick szabo.png [View same] [iqdb] [saucenao] [google]
49830622

>>49830448
>What makes monero better than eth or other coins.
Because in crypto no one actually uses any of this shit for payments or "real life" uses unless you're using Bitcoin or Monero to buy drugs, and Monero moreso as it's supplanted Bitcoin as the king of DNMs. This gives us an actual non-zero price floor because we have real-world demand, as opposed to Ethereum/"ETH killers" that have zero demand or users outside of speculators and gamblers (the most generous case for them being like holding casino stocks during a recession, good luck with that).

>> No.49830654

>>49827152
I assume the lower of that AR is 3D-printed.

>> No.49830739
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>> No.49831469
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>> No.49832321
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49832321

Why eth sucks and private smart contracts are a meme

>> No.49832639
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>> No.49832726

How can I pm someone on localmonero?

>> No.49833618
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>> No.49834131
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>> No.49834428
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>> No.49835128
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49835128

>>49821493
>GUI.
shudders

>> No.49835733

Nigger

>> No.49836214

Nigger

>> No.49836254

>>49836214
why should we entertain your posts if you don't run a public node?

>> No.49836334

does it really takes half a day to sync anytime I want to open my wallet in my laptop?

>> No.49836400

>>49836334
Host the node on a small computer like a pi since it's really meant to run continuously

>> No.49836419

>>49836334
The hard fork next month is going to significantly decrease sync times.

>> No.49836462

>>49836400
that sounds good, thanks
>>49836419
i hope so

>> No.49836498

>>49836400
my rpi memory usage is currently at 182/923 megs. i've been wanting to migrate my node to my pi, but i don't know if my pi will be able to handle it. you think it's a good idea?

>> No.49836569

>>49836498
No problem, I have 16GB on my server box and monerod uses around 3%. Just beware the CPU is going to get rekt as it syncs and you need an external HDD for the blockchain depending on your SD card size.

>> No.49837134

Nigger

>> No.49837675

Nigger

>> No.49838073
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>> No.49838703
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49838703

>>49818901
i have married my bags and this does not concern me. i only care about buying more gold, silver, monero and stocks of some domestic companies.

>> No.49838753

>>49820083
>Price =! Value
this, price is derived from the law of supply and demand, value is determined by something's usefullness.. i have actually put 80% of my savings into land that i'm renting

>> No.49839549

Is ARRR just a pump and dump? Looks it to me.

>> No.49839616

>>49836498
It should if you install zram with these tweaks
https://pastebin.com/UnNKT58F

>> No.49840290

How much did you pay for the privilege of having a digital swiss bank account?
For me, half of my fortune, but at least I didn't pay taxes

>> No.49840514

>>49839549
All other privacy coins but Monero are scams.

>> No.49841202

>>49840514
Wownero isn't a scam, I don't think oxen is either.
It's not that Monero is a "privacy coin", it is that every other crypto is a surveillance coin.

>> No.49841250

>>49841202
Monero is the natural shelling point for non-surveillance coins.

Thus, every other "non-surveillance" coin is a loser to Monero's network effects.

>> No.49841302
File: 468 KB, 763x896, 1652037530000 e474d5fd4bbfa36bff58ae64fadde3f1.png [View same] [iqdb] [saucenao] [google]
49841302

>>49841250
I concur, it is the pinnacle of privacy.

>> No.49841493

>>49833618
Moanero

>> No.49841797

>>49832726
I think you have to open a trade first.

>> No.49841821

>>49840514
I will concede that Litecoin's privacy attempts seem to be in good faith.

>> No.49841879

>>49841821
Have fun staying spied.

>> No.49841898

>>49841879
I didn't say I USED them, just that they don't SEEM to be feds.

>> No.49842764

>>49797796
>Based

>> No.49844461

Boomp

>> No.49844861

>>49826086
the organizer of groestl coin festival or something

>> No.49845079

>>49810832
>>49813579
>security is a complex thing
How much does it cost to make a 51% attack on bitcoin
How profitable would it be
If A > B, there's your security

Well, you're right that there's extra complexity in the form of supply scarcity. You can't just flush down a couple $bn and have a giant warehouse of ASICs poof into your backyard. However, something like a state actor with dozens of billions to throw around could easily secure supply directly from manufacturers, if need be accumulate hush-hush for a few months (and by hush-hush that could even mean running front "mining operations" to make it look like legitimate miner expansion), and then one fine day come out with 51%.

There's no magical cutoff that makes it impossible. The higher you go, the harder it becomes, but cutting 95% of the mining power is in no way inconsequential for security. A better question is motivation; why would a large actor do this? States are rarely motivated by profit; but they might have other reasons to mount an attack. Or can any individual do it?

>> No.49845185

>>49813608
It's listed on the same exchanges and in the same contexts as the other shit, so when bubbles get blown up, it gets caught up in that as well. The fact that it's hard to trade for fiat arguably makes it even worse, as most trading happens crypto-to-crypto so if XMR is 0.05 BTC and BTC doubles in dollar value there's a good chance XMR will remain 0.05 BTC and therefore swing relative to the dollar.

2017 was a fucking moonboy run to end all runs, every normie was talking about it, it was the first time any coin had broken five digits, etc. Before that the moons weren't that crazy, and since then people seem to have realised that a bull market doesn't rise forever.

>> No.49846153
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>> No.49846334

>>49797796
love you nigga

>> No.49846552

I bought.

>> No.49846664

>>49846552
>he bought

>> No.49846716
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49846716

>>49846552

>> No.49846796

How will XMR interact with CBDC's once they finally get released?

>> No.49846905
File: 54 KB, 614x586, 1654281295394.jpg [View same] [iqdb] [saucenao] [google]
49846905

Just set up my wownero wallet bros.

>> No.49846971

>>49797796
Hexchat says : "Connection failed (Connection refused)"
pmlease helmp

>> No.49847011

>>49816520
At this point, staking is the better option because you're still full possession while earning passively. Presently I'm staking my Kog NFTs, and I'm getting Rfox tokens in return. I will buy more XMR if it goes below 90 dollars.

>> No.49847033

>>49846664
An entire monero, we will see if I come to regret this purchase.

>> No.49847096

>>49841821
Secret Network private by default platform is far much better than the privacy litecoins have promised to bring to this space. Deal with this message however you want.

>> No.49847871
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>> No.49847878
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>> No.49848080

>>49847033
That will put you in the global top 0.1% which may or may not be satisfactory

>> No.49848165

>>49846552
>>49847033
Awww cmon pussy scared to loose a grand? Get 9 more and stop being a cheap bitch

>> No.49848263

>>49848165
Stop trying to goad people into putting up more money than they are comfortable putting up, that's moonboy behavior.

>> No.49848380

>>49847096
Hey, can we get a janitor in here? Yeah, we have curryniggers sprawled about in our thread..

>> No.49848492

With wakarimasen gone, what's the best archive for /biz/?

>> No.49848530

>>49848492
warosu is archiving threads again, I think they just stopped during the pump to avoid archiving dozens of gigabytes of literal scam shitcoin threads, but other sites carried the torch.

>> No.49848557

>>49846796
It won’t

>> No.49848666

>>49796697
How much money could I make from mining if I have an 8-core AMD Phenom II (I think it runs at 4 GHz, with 16 GB of RAM and two ATI XFX Radeon 5770s? It's an old gaming rig I had back in high school that I haven't really used for the last 6 years, and I'm wondering if it may be possible to repurpose it for anything?

>> No.49848669

>>49848530
Huh, I thought it was dead. And /g/ is finally gone

>> No.49848711

>>49848666
A dollar a day, Mr. Natas

>> No.49848786

>>49848711
>Mr. Natas
There's a name I never thought I'd hear again.

>> No.49848943

>>49797590
i'd give everything for her

>> No.49849890
File: 242 KB, 987x1292, Monero-chan Doodle Criss Cross Applesauce Fingering Herself Using Both Hands.png [View same] [iqdb] [saucenao] [google]
49849890

>> No.49850096
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49850096

I bought 5 monero, am I going to make it in the next bullrun?

>> No.49850143

>>49850096
>disclosed
sorry to break it to you anon, but no

>> No.49850399

>>49849890
>filename

>> No.49850830

can a monerochad tell me how i can anonymously buy monero? wasn't there a list of legitimate people who take cash and send you monero?

>> No.49850886

Hey, XMR bros. I understand why Monero is desirable if one is concerned with privacy, which I am, but I'm not sure I see a mass adoption occurring which would force price appreciation. For example, most people seem to willingly use cards now instead of cash, despite being much easier to track. Then you have apps like Venmo, where Chad and Stacy broadcast their purchases to the world willingly. Personally, I'm sold on Monero, but why do you guys see Venmo Chad suddenly being concerned with privacy? Genuinely asking, please, no bully.

>> No.49851040

>>49848943
Ngmi
Stop simping.

>> No.49851111
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49851111

So guys. Let’s say I’m super fucking skizo about gov/corporations/hackers/bank mafia knowing where my shitcoins are. I’ve been reading different strategies about how to keep your monero super hidden. Many say cash by mail. But how good are the atomic swaps? I’ve read other strategies like first buy bitcoin from a fully KYC exchange. Withdraw to private wallet(they can’t deny you if your not a Canadian trucker). Then you send this to another wallet. Then send it to atomic swap. Get a different shit coin like Z-cash. Then send this to a different wallet. Then buy monero on local monero peer to peer with this. This a good setup? Good as cash by mail at that point I think.

>> No.49851134

>>49850830
localmonero and suck up the premium you're paying for no KYC.

>> No.49851204

>>49851111
checked and your single best bet at obtaining monero while leaving a minimal trail of data is mining it over TOR to a cold wallet that's never been on a machine with any networking capabilities.

Then atomic swaps from BTC you bought with no KYC

Then it's in-person cash purchase

then cash by mail

>> No.49851210

>>49850886
venmo chad might want to buy some girls onlyfans and doesn't want stancy to know
there are a lot of reasons why privacy is wanted in SOME transactios
I honestly don't care if the government knows that I buy groceries
but it's also nice having a private bank account with funds that can not be frozen or tracked, just in case - kinda like gold, except better in a lot of ways

>> No.49851377

>>49851111
>all this autism
Either use a bitcoin ATM, buy bitcoin with cash by mail then coinjoin it or whatever then swap, or just fucking get monero with cash by mail.

>knowing where my shitcoins are
Mind you once you have monero, send it to yourself like once and they will not be able to ever tell where they are anymore. The advantage of doing no-KYC methods is that they won't know you had monero in the first place. This is mainly useful so you can go beyond plausible deniability and instead significantly reduce the suspicion of possession in the first place, but if you start off by getting KYC bitcoin then you already have provably possession and if they come knocking you're gonna have to explain where you spent it. If you have an explanation ready then I don't see a reason to go through 50 layers of autism in the first place, if not then don't KYC into crypto at all, cash only.

>> No.49851554

>>49826086
Groestlcoin lead dev

>> No.49851730
File: 16 KB, 200x146, patrick question.jpg [View same] [iqdb] [saucenao] [google]
49851730

Guise, is it illegal if I accept Monero for fiat, if I know the Monero has likely been used for illegal activities? Wouldn't I theoretically assist someone with their money laundering?

>> No.49851799
File: 175 KB, 1000x1308, YXDkPpo.jpg [View same] [iqdb] [saucenao] [google]
49851799

>>49851134
what is kyc?

>> No.49851981

>>49851730
Thing is, you do not know for certain that it was used for illegal activities due to its private properties. Even if the guy you're swapping to is on a list of criminals, if both parties do not disclose the transaction information, there is no need to worry. You can still lie and said you do not know such person.
Cash by mail is still the better option, as CCTV cameras can be used to see you receiving money.

>> No.49852285
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49852285

>>49851204
So as of right now I do Apple Pay on local monero completely peer 2 peer. I feel fairly secure using this method. All I gotta do is pay taxes on my peer2peer cash app useage. Only way to be caught is if the person I peer2peer with is the IRS undercover. And what’s the worst that can happen in that case? They tell me “hey you owe taxes muh fugga!” But honestly I don’t even think they’d bother because you already get your money thru Apple Pay taxed right? That just happens automatically. Then if the governments really worried about the crypto you purchased well… it all got spent on vidya, gambling, then I lost my fucking seed phrase. So long as I’m taxed on my entry everything is cool. They shouldn’t give a fuck I imagine. It’s if I sell later at a profit. THAT is where they will get a 5 dollar wrench and beat me till I give up seed phrase right?

>> No.49852289

>>49851730
I wouldn't accept blood money if that's what you're asking. Whether illegal or not

>> No.49852987
File: 31 KB, 225x225, file.png [View same] [iqdb] [saucenao] [google]
49852987

I have more than 5 figures in this without understanding any of the tech.

>> No.49853028

>>49851730
How would you even know that THAT particular monero was used for criminal activities? I thought all Monero was fungible and interchangable due to its privacy. Furthermore, can you really be deemed maliciously partaking in illegal transactions when transacting with someone's tainted funds to ANY degree, even a fraction of an XMR?

If we use BTC here as an example here, say someone with obviously tainted funds sends ini tiny amounts of BTC to as many addresses as possible that are known to be used by other real individuals, wouldn't that make everyone basically criminally involved, making the concept of tainted funds completely worthless? I know it'd cost a ton, but what if someone more wealthy would do this and even target some larger wallets for collateral damage?

Now add the fact that the transactions are private. There's almost basically no grounds for getting you in legal trouble just by looking at the funds sent between you and the other criminal party. One would have to look at your relationship and take into account other factors.

>> No.49853088

>>49852987
How many tokens did you get in presale? I have 16,500

>> No.49853261

>>49851799
kill your celf

>> No.49853608

>>49852987
>much private, super smart contract, 100k TPS yeah bro we promise
It's a blatant scam which had a brief but truly embarrassing shill campaign on /biz/ last year

>> No.49854150

>>49846334
<3

>>49846971
9 times out of 10 the answer is "kill and restart TOR, then try again"

>> No.49854269

Monero is backdoored

>> No.49854287

>>49853088
I have 30k.

>>49853608
For my wallet's sake I hope you're wrong.

>> No.49854293
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49854293

>>49854269
>Monero is backdoored

>> No.49854948

>>49854287
You didn't even spend five minutes to look at their ridiculous claims, or look at the team?
>advanced math
>degreed computer scientist
Sure, these bros came up with something that is both orders of magnitude more private and higher throughput and at the same time has smart contracts
>AP graduate in computer science
In denmark, this is vocational school for code monkeys, a two year programme if memory serves
You can check an archive and find discussions where some smart anons took the time to explain why their claims are utter bullshit

>> No.49855628

WHY IT KEEPS GOING UP, I WANT TO BUY UNDER 100

>> No.49855969

I have the opportunity to get a bunch of laptops for cheap/free (they're ~4-5 years old, an office is upgrading). Are laptop farms viable for XMR mining? I mine on my desktop when I'm away/asleep and solo mined a block on my first day, but haven't since.

>> No.49856855

>>49851730
The funds shouldnt be traceabe but I cant say for sure because Monero has number of token limitation it can keep anonymous, in the case where it covers it all there will not be any need for fear, although in the case of Railgun, it would have been a 100% safe situation because it has no token limitation to the number of tokens it can keep anonymous and obscure from other parties

>> No.49856934

>>49853028
Your attack wouldn't work because people can just not spend that UTXO. Yes, they now "own" the coins in their wallet, but they can just never spend them and only spend the other, clean, coins in their wallet.
Of course it could still work in practice if nobody notices what's happening, and then the wallet software ends up spending that UTXO because it's available. But if the guy really sends small amounts (and they would need to be small if you want to do it at scale and don't have millions of $), then it would just be an inconvenience at most whenever it gets discovered. A vendor would go, "oh, I lost $5 worth on that sale because these coins are tainted; I'll just chalk it up as a loss", for example. And that's if it's even worth $5 and not like $1.

>> No.49856967

>>49856855
From your mention, it implies that Railgun is more reliant than XMR if I am correct because what is the point of placing a barrier on the number of token that can be kept anonymous.

>> No.49857326

>>49855969
Energy costs are generally the limiting factor. If you have very cheap or free electricity then it can probably work. Don't expect a massive profit of course, $1/week isn't a bad return if you can even get that much.
You might need to jury-rig some kind of rack to position them to make sure they get decent cooling.

>> No.49857362

>>49856855
Railgun is also a private smart contract platform, which makes me very suspicious.

>> No.49857828
File: 1.28 MB, 311x240, 1646612483231.gif [View same] [iqdb] [saucenao] [google]
49857828

>>49856967
>Railgun is more reliant than XMR

>RAILGUN, a privacy and anonymity system built directly on-chain on Ethereum
>more reliant

>> No.49858328

>>49851111
At that point just use western union or whatever other payment service to buy bitcoin/litecoin/whatever without kyc and swap it for monero on a DEX. It's not illegal to send money to strangers on localcryptos/hodlhodl/bisq/etc. The important thing to avoid goobermint eyes is to not buy crypto directly with apps like cashapp or on CEXs; if you send $500 to Sneed for seed and feed and he sends you crypto instead, who are you to judge?

>> No.49858791
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49858791

Please crab in the low 100s for a while. Thanks

>> No.49859125

>>49796697
Some resources for ya, get educated: https://www.youtube.com/playlist?list=PLsSYUeVwrHBnAUre2G_LYDsdo-tD0ov-y

>> No.49859548
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49859548

Moneroniggers on suicide watch

>> No.49859816
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49859816

Monero is my heaviest bag to this day.
I'm still not selling and have hope in the future of the project, fuck though it's been performing like shit. I don't care for it to moon or whatever, just why is it so volatile? Compared to bitcoin it doesn't even have overleveraged people liquidating to not go bankrupt, or are criminals selling it?

>> No.49860133

Is monero mining considered good for higher end cpus? Currently have an old Ryzen 1700 and with this recent bear market was thinking of upgrading some of my PC parts including my cpu. Is it worth buying a used high end Ryzen CPU bros?

>> No.49860158
File: 129 KB, 820x642, hmm.jpg [View same] [iqdb] [saucenao] [google]
49860158

https://bitinfocharts.com/comparison/monero-transactions.html#3y

Is this number correct? Only 30k transactions per day seems really low to me

>> No.49860493

>>49796697
Thank you MoneroChad. I love Monero. But I don't really want it to moon. I want it to be used as currency. I want it to stabilize.

>> No.49861012

NEW THREAD: >>49861000
>NEW THREAD: >>49861000
NEW THREAD: >>49861000
>NEW THREAD: >>49861000
NEW THREAD: >>49861000
>NEW THREAD: >>49861000