/biz/ - Business & Finance

Crazy that normal people don't want to buy drugs on the dark web. Wonder why it doesn't ever do anything, what could it be?

>>49875184
Crypto was never meant as a store of value. You are playing into jew banker hands if you use it as a store of value and not as a means of virtual transactions to circumvent the fed's control over the world's fiscal system.

>>49875251
WHY!?

>>49875413
So that you get a big hearty whiff of their armpits.

>>49875184
I'm Canadian, after the Ottawa protesters getting their faces smashed in, bank accounts seized, and bitcoin wallets blocked, it became obvious why Monero is necessary.

>>49875184
you know it’s bad when the fudders don’t even fud the tech in fact they compliment the tech but STILL call monero a bad investment. i told everyone not to buy monero unless you actually plan on using it. it will cycle between $100 - $500 for perpetuity. but you’re talking to midwits and polbrains

>>49875473
>investment
It's an awful investment

>>49875634
if monero is bad investment then so is all of crypto.

>>49875943
All of crypto is a bad investment.
It is fine to speculate on it, and you might get lucky with a big bank pumping the crypto you chose, but that doesn't change the fact that it is a terrible investment and that it was never meant as a store of value.

>>49876016
>it was never meant as a store of value
if you don't see value in digital scarcity then that's fine - it's not for you - but the only other option is gold/silver and it's cumbersome. i will still keep stacking both.

>>49876202
I see value in it, but how it is currently implemented is not a secure store of value.
If you want to pretend like it is, that is fine by me.
Once they come out with one that is decentralized, resilient to pump and dumps, and has some kind of intrinsic value built into it that has it accepted as an appropriate currency to exchange value, I will be one of the first ones in.
Until then I am going to keep stacking metals, and speculating on the rise and fall of crypto.

>>49875473
> it will cycle between $100 - $500 gor eternity
Sounds like a pretty good investment

OXEN

>>49875943
Chainlink was a bad investment but I still bought at 33¢ and sold in the 40s/50s

>>49875184
Monero's privacy and investment potential is mediocre at best. Which is why it will continue it's slide into obscurity.

>>49875184
monero is the least like a security and the most like actual money. xmr has real utility and will be around until the anonymity has been cracked. however, if you're looking for a crypto that's going to pump like crazy in a short period of time i would not recommend xmr either. people actually use it though, so arguing that it is useless or stupid is false. it's rare when you hear people shill xmr like a security

>>49875184
Monero is definitely not an investment, it is a currency.

>>49876286
>Once they come out with one that is decentralized
monero is decentralized and so are any other proof of work coins for the most part. eventually more and more miners will switch to p2pool.
>resilient to pump and dumps
there is not a single asset that is resilient to pnd. even fiat is being manipulated - just look at eur/usd chart. point is to own something that is scarce which monero is. anyway, as long as you get rid of fiat you should be fine.
>has some kind of intrinsic value
money of any kind has no intrinsic value. since blockchain technology is still relatively new there are not too many vendors that use it. that said there are a lot of services online which you can pay for using crypto - monero included. the elephant in the room are obviously drugs and other illegal stuff but for regular people it's also means to hide wealth. what i'm trying to get at is with growing number of transactions network will grow as well which will further improve decentralization, anonymity set and, of course, market cap.

>>49876635
Exactly
>>49876866
Stay poor

>>49877094
>monero is decentralized
Great that monero is decentralized, what else does it have?

>there is not a single asset that is resilient to pnd.
Convince me monero isn't a ponzi scam, or provide me with a source.
Compared to crypto, there are definitely assets that are resilient to pump and dump.

>money of any kind has no intrinsic value.
Money has no intrinsic value, that is why it matters so much in what is backing up that money. Money derives its value from what is backing it up.
What does crypto have backing it?
The USD is fiat dogshit, but it at least has the US military and government backing it.
There are some crypto that could potentially be valuable due to the technology backing them up. Since the blockchain itself would have a defined use, and not just be a means to facilitate transactions with virtual fiat.

>>49877273
When the debate is lost, slander becomes the tool of the loser.

>>49876635
>Monero's privacy and investment potential is mediocre at best. Which is why it will continue it's slide into obscurity.

Make sure to inform the OPSEC nerds on the darknet, they don't seem to be aware.

>>49876866

Upvoted for hilarious truth. Maxipads be sweating, yo.

>>49877513
>people on the darknet will always have your best interests in mind
That is unexpected and very nice of them.

>>49877456
>Money has no intrinsic value, that is why it matters so much in what is backing up that money. Money derives its value from what is backing it up.

Monero is backed by cocaine.

>2022
>Monero
>private

lmao

Monero is history

>>49877698
>people on the darknet will always have your best interests in mind
>That is unexpected and very nice of them.

Oh its all done for selfish reasons, the DNM admins are the ones pushing for Monerofication because it keeps them and their customers safe.

>>49877748

Why do you make it so easy?

https://sethforprivacy.com/posts/fungibility-graveyard/

>>49877903
>literally who schizo blog
no thanks

>>49877513
opsec nerds know the darknet is a honeypot, much like monero. the cia is the world's best funded cocaine trafficker. makes sense that they would support Monero's constant, endless gaslighting of those looking for true privacy, since they can use it to keep tabs on them.

>>49877940

He'll be on Peter McCormack's BTC podcast next week blackpilling even more of you faggots.

>>49878022

>It's honeypots all the way down!

>>49878103
Who created the darknet?

>>49878103
if monero is so hard to trace explain to me how the feds got their hands on McAfee's Monero bags.

>>49878149
>Who created the darknet?

Who created the internet?

>>49878214
>if monero is so hard to trace explain to me how the feds got their hands on McAfee's Monero bags.

Did they? Seizing somebody's devices isn't the same thing as tracing funds through blockchain analysis.

Who created life?

>>49878214
you mean to tell me that the guy who invented antivirus software an outspoken advocate and supporter of internet privacy wasn't able to secure his own xmr bags? how in the fuck is that possible unless monero has some real traceability issues?

>>49878549
>you mean to tell me that the guy who invented antivirus software an outspoken advocate and supporter of internet privacy wasn't able to secure his own xmr bags? how in the fuck is that possible unless monero has some real traceability issues?

lol it can be as simple as not securing your seed properly. Get raided and oops!

>>49878452
People think you are mentally ill, not because they don't understand you, but because you act like you are mentally ill.
I will sum up my point better, since you are such a fucking midwit.
>monero is backed up by something
>cocaine
>why don't you use monero?
>all the bros on the darknet said it is safe
>lol you are crazy to think the darknet is a honeypot
>so what if the us government created the darknet
>so what if monero is backed by the illicit drug trade
>so what if i am directly funding the illicit drug trade through investing in monero knowing it is backed by cocaine
>the government created the internet too, goy
>you ever think about that?
>did you?
Typing it out, I can't help but laugh at how big of a fucking idiot you are.
Proving that monero is tied to cocaine makes you sound like a glownigger, and is probably a bad move if you are looking for more marks to join your ponzi scheme.

>>49878591
they're all glowniggers anon. they give themselves away as such everyday. I enjoy calling them fed faggots. If they cared about opsec and privacy they would endorse using all the privacy tech available but instead they insist that you only invest in and use one, xmr. dead giveaway.

>>49878591

lol wrong coin, dipshit, we have an established policy of encouraging people to NOT buy Monero.

DON'T BUY MONERO, folks! It's only for criminals and totally glows!

>>49878682
>shills monero entire thread
>I was ACTUALLY trying to get you to NOT buy it.

>>49878713

There's shilling and there's pointing out how full of shit maxipads are. Note how the Info-Dump doesn't make a SINGLE appeal to price action or suggest Monero will moon anytime soon.

How refreshing.

>>49878853
>Even though I was shilling it and trying to defend how awesome monero is.
>I wasn't
>Don't pay attention to what I have been doing, look at all of these people that are shilling different cryptos
>they shilled differently from me, so my shilling doesn't count as shilling and their shilling is worse.

>>49878919

Yes.

>>49878953
Being the retard that all the other retards bully doesn't make you special in a good way.

>>49878591
Why did the gov't invent the darknet
>to allow their operatives in foreign hostile territory a means to communicate securely
What happens if you put a backdoor into something?
>it gets exploited by you, but also by anyone else who finds it

>>49877693
Bitshit maxis are shaking hard right now, they don't know what to do lmao especially guys like Tone Vays

>>49877698
>That is unexpected and very nice of them.
Indeed. It is also bad for business if they get caught, for both seller and buyer.

>>49877456
>Money has no intrinsic value, that is why it matters so much in what is backing up that money. Money derives its value from what is backing it up.

You're thinking of currency. Money has intrinsic value, along with a few other properties. Gold and silver are money because they derive their value from their elemental physical properties that let's you make and do certain things you can't with other metals. No one needed to force anyone to make gold and silver valuable.
Currency is valuable because some 'authority' says it is, and they'll kill you if you don't agree. There's nothing intrinsically valuable about a piece of paper with a dead guy's face on it; anything you can do with a dollar can be done with a regular piece of paper.

>Inb4 some autistic rant about intrinsic value not existing because it no longer fits your narrative that money has no intrinsic value

You guys can use Monero to buy drugs on the darkweb all you want, when its 2024 and 4000 XMR is a dollar at least you can say you're being super secret!

>>49879067
Good on you for believing someone beat the glowniggers at their own game.

>>49879077
>Indeed. It is also bad for business if they get caught, for both seller and buyer.
This is based on the idea that the seller is legit, and there is no way they can track you on the darknet.
Who do you think maintains most of the tor nodes your connection is getting bounced through?

>>49879097
Thank you for the lesson on semantics. The point I was trying to make still stands. As long as there isn't something intrinsic backing up a crypto, you are trading one shitty fiat for another shitty fiat.

>>49879247
Then you have to argue that the ability to digitally transact value securely and privately is not intrinsically valuable. It's a hard sell since, as it stands right now, there's no way of doing this with any currency outside of crypto, and Monero is the only one that does it well enough for darknet markets to adopt it.

>>49879494
>Monero is the only one that does it well enough for darknet markets to adopt it
The reason bitcoin was "adopted" and not outlawed was because all of the big banks went in on it.
If something was officially adopted by the darknet, that makes my personal glowie alert go off. Sorry, sounds like bullshit.
Crypto could be tied to intrinsic value, since the blockchain could be leveraged for something with utility.
A blockchain being leveraged purely for fiat is actually worse than the USD, and I get you saying that you can't use USD in the same way you can use a virtual currency, but that just helps prove the argument that crypto currencies, as they stand right now, should be used purely for virtual transactions and not a store of value.

What's the Wrapped Monero IPO

>>49879589
Darknets adopted bitcoin because the alternatives like paysafe card or sending cash by mail were inferior to magic internet money available to you in 10 minutes. The big banks were able to go in on bitcoin because of blockchain analysis, which showed that when combined with a bunch of metadata bitcoin isn't all that different from art or real estate that banks are also allowed to hold. Darknet adoption makes it glow, sure, but it also shows that it's alternatives are inferior.
And aren't all assets leveraged in one way or another to acquire other assets, even the bad ones like fiat? Wouldn't it make sense to keep assets that are easily exchangeable for other assets in your possession? That's why I keep physical cash lying around.

>>49880174
> Wouldn't it make sense to keep assets that are easily exchangeable for other assets in your possession?
I get that, but up until recently, physical cash was pretty stable, and its value didn't have a risk of fluctuating wildly in a 24 hour period. It is fairly stable, it does inflate, but it does it at a slow controlled rate.
This point doesn't stand as well now, due to USD being so unstable right now, but I consider USD the same as I consider crypto currency, not as a store of value, but as a means of enacting financial transactions.
I have a couple different crypto currencies, and i don't sell off all that I use to speculate, because I like the idea of having some the same way I keep cash in my wallet, but I don't use it as a store of value. That is peak retardation at the moment, and not really what it was intended for.