/biz/ - Business & Finance

>>50353528
Miners rugging us everyday.

No different than the ohm ponzi lol

PREVIOUS THREAD: >>50309782

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

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

True or false: monero chuds are seething because Celsius is laundering funds though firo instead of xmr

*****/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

Never forget what this is ultimately all about.


>Help grow the circular Monero economy: buy/sell goods & services with XMR!
https://monerica.com/
https://www.reddit.com/r/moneromarket/new/
https://monero.com/marketplace
https://cryptwerk.com/pay-with/xmr/
https://acceptedhere.io/catalog/currency/xmr/

>Want more Monero-chan? Donate to the Community Art Fund
https://www.monerochan.art/

>>50353528
Anyone know good ansi artists? I've got one commission going, but want a few Monero-chans for my BBS.

>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 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

any location-suggestions for the cologne meetup?
i dont expect more than 6-7 people in total.

>>50353528
WHERE'S MY UNDER 100usd MONERINOS

>>50354502
in the mail

>>50353704
Obviously, coins that are going to die do not have a usecase. Monero will always have a use case and is cautiously controlled and managed.

>>50353833
We need a burger meetup spot.

>>50355453
Hans im Glück - Köln Am Ring?

why is XMR doing relatively well in this shit market?

>>50355636

Because its being used for big-money transatlantic cocaine deals.

>>50355752
based. same.

>>50355636
Do you think drug users buy stuff only when the economy is up?
Also with the current state of fiat the dealers might as well hold the earnings instead of instantly selling for fiat.

>>50355636
Monero is doing well because it's an actual crypto currency. Speculative shitcoin goombling and obtaining goods and services are different use cases, so of course the price action had to decouple sooner or later.

>>50355636
booba

>>50355810
You're being used for big-money transatlantic cocaine deals?

>finally have the funds to buy some XMR
>price keeps going up
this was supposed to be a bear market

>>50356504
>he did not went all in at 400

>>50353833
Let's post pics and how much XMR we have to get to know each other before the meetup. I have 200.

>>50355636
Monero is the only crypto that actually does what crypto was pitched to do

>>50356613

>>50356613
based monerochad I have 2000

>>50353553
This. My dad is John Monero, he says they are going to double the supply in two weeks to dump on unsuspecting new investors. I'm selling while I can.

>>50356504
you had eight years

>>50356504
>he intends to dump all his funds in at once instead of DCAing
>"finally have money to"

you had the money to do it 6 months ago, but you spent it on something else.

>>50355582
>Hans im Glück - Köln Am Ring?
Sorry Eurobro. By burger I meant American. If I were on your continent I would have definitely been at ur meetup.

>>50358953
If it's on the eastern seaboard I can probably attend.

>>50358953
Don't worry bro, I just finished building my raft. Or if you prefer, our raft.

monero-chan boobies

>>50353833
How bout this: https://www.schokoladenmuseum.de/discover-experience/chocolat-grand-cafe/?lang=en

>>50361162
looks like they only do food till 5pm.
i can only do it around 8pm as i am busy during the day :/

Buy Zcash if you actually want to make it, there is no future in pedocoins.

>>50361245
Oh no! I ordered a hooker for Fri. and Sat. starting at 21:00 thinking we meetup during the daytime :(
So 20:00 wouldnt work for me... Viele spaß ya'al!

I can’t associate myself with something criminals buy so for that reason I’m out

does Tessa Thompson hold monero?

>>50361425
You don't use USD, phones, or cars then right

https://capsai-escort.de/escort/mila/

Or

https://capsai-escort.de/escort/aurelie/

Rate em and Help me pick one lads.

>Sui stack last year
>Didn't trade for all of bull run
>XMR a top 10 performer during the bear market
Is XMR finally going to decouple? Might have to put some savings into it since inflation's currently just eating my cash savings anyway.

>>50358884
>I do

>>50362128
I would pick mila bc she is younger, petite and blond. But why choose is you can have both? Fuck both and tell us which one is better. Can you pay with XMR? XMR+Hookers+Cocaine=Holy Trinity. kek

>>50353528
gaynero
service not needed
>he doesn't know about CoinJoin, LN, Stealth transactions
>moNEGROs ngmi

>>50353528
>>50362428
coin so weak they must constantly pretend with wannabe "memes"
doesn't even have ASIC mining
ngmi
service not needed

>>50362776
>He doesn't know Monero is displacing Bitcoin on the dark net.

>>50362933
the poor fool

>>50362776

>>50362796
>doesn't even have ASIC mining
That's good, Monero has real decentralization. Anyone with a CPU can mine it without the need for government approved special hardware (such is bitcoin).

>>50363729
What's the purpose of replying to SUCH obvious bait

>>50363847
Never underestimate a seed of truth.

>>50364010
What? There's no seed. That post is literally going "lmao your mining isn't even centralised!".

Even bitcoin maxis don't think ASIC mining is a good thing.

>>50363729
That's. . . Not how that meme format works.

>>50364043
It's an analogy. Not every btc maxi thinks that way.
>>50364073
I do not care.

New song from Micky Monero

Rugpuller's Lament

https://www.youtube.com/watch?v=VoTeudzQGTo

anons, i am finally running my own local node

Getting thirsty for fresh Monerochans.

>>50365410
my appetite is insatiable

>>50365394
also joining p2pool mini for the little support i can help

>>50361377
Ive actually shorted z cash quite a bit. Closest I’ve come to jewing the Jew.

schizo DD here. Capitalism is failing in real time with no hope of reviving it but monied elites will refuse to give it up as they are not able to find a replacement or are too scared of pushing into a new one mixed with well they just love the power flex it gave them from their ancestors that put them where they are.
>its failing how
From a tech perspective, the debates are just hot air. We are developing systems too complex too fast to handle them. Controllers of capital push it for the sake of customers increasing in numbers but it won't increase anymore due to natural complications slowing and breaking said systems we make. Monero is the bottom line as its designed around smaller communities and is lower tech friendly a cushion or parachute or lifeboat. BTC will never succeed as its trying too hard to save a dying growth based system we cant keep together. Like
>Oh bitcoin mining saves energy
Never going to make real impact, we cant build big ambitious nuclear projects out of corruption and eventually knowledge loss, using crypto revive energy is a pipe dream. Also things like asic mining, texas and btc mining going back and forth is a failing sign of the network. Future is bleak low power scalping and a CPU based network will be far more secure then BTC.
>my research for this schizo DD
Noticed the oil trade increase to china. The captains of this old economic system are desperate and getting more desperate to keep it in controlled collapse. They showed their cards.

>>50364202
purty good

>>50365503

>>50366596
very nice

I don't have a lot, but in considering converting my doge coins to monero. Not even looking to get rich, just wanna take them off a shitcoin and put it into something that has potential to grow over time.

Is this a good idea?

>>50365503
is it even worth it to burn cpu cycles doing this? i only have a spare chinkpad that acts as a full node.

>>50367644
i traded all my doge to xmr at 9¢ . 0 regrets
the only swap site i know of that uses doge is changenow
>https://changenow.io/?from=doge&to=xmr

>>50362737
( I guess IP has changed )
I too thought of getting Mila cuz she is younger but Auriele is good at pretending to get r*aped..

Such dilemma..

Jerked off and bought a unknown moneroj instead..

No hookers until EOY I guess.

>>50362128
wow all of these girls are busted
im definitely pro-prostitution but can they be cute please

>>50353640

lol, is this the cause of the pump?

>>50368265
If you are cute you are draining coomers on OF instead.

>>50353528

>>50361425
Better stop breathing the same air as criminals, faggot.

Monero chads I need your help! I'm worried that my wallet has been compromised.
I'm using the official GUI wallet together with a ledger hardware wallet. I did some transfers between my addresses and it worked fine.
However, when I try to send some XMR to an instant exchange to do coin swaps, the destination address on the ledger shows a DIFFERENT address than the one I entered in the GUI wallet. I tried it multiple times, even on different instant swap platforms, it always shows a different address on the ledger and I'm not comfortable signing that.
To make things stranger, when I try to only send a small amount (0.1 XMR) to an instant exchange, the ledger actually shows the correct address. So to sum it up:
I try to send small or big amounts between my wallets -> ledger shows correct address and the transfers work fine
I try to send a small amount to an instant exchange address -> ledger shows the correct address
I try to send a larger amount to an instant exchange address -> ledger shows a different address
What is going on here? Do instand exchanges have special addresses that lead to a different destination address or is something fishy going on here? If so, what should I do?

>>50369293
Try it on a fresh install of Windows or Linux (maybe a live Ubuntu USB?)
If it works fine there move all of your funds to a new wallet
I can recommend cake Wallet on Android, the security architecture of phones is way better than that of PCs.

>>50369438
The strange thing is I already tried that. I installed the GUI wallet on another PC and connected it to the same ledger. But the same thing happened, when I try to send larger amounts to an instant exchange it shows another address on the ledger.
I also installed another hot wallet (mymonero). I was able to move some of my funds there without problems. As I said, as long as I transfer between addresses that are mine the ledger shows the correct address and it works.
But at this point I'm afraid to send XMR from mymonero to an instant exchange, what if it has somehow been hacked as well?

I just don't get why it works perfectly fine when I transfer to my own addresses. If someone was trying to steal my funds, shouldn't the ledger always show a differnet address? How could the hacker know if it was my address or an instand exchange address? They look the same to me.

>>50369530
found this on google:
https://www.reddit.com/r/ledgerwallet/comments/b808pe/destination_sending_monero_address_is_different/
https://www.reddit.com/r/Monero/comments/crmy7g/ledger_shows_wrong_address_when_trying_to_send/

>>50369555
>>50369530
also on their github:
https://github.com/LedgerHQ/app-monero/issues/66

>>50369571
Oo, I think that might be it. I'll check my address with the tool later and hope it will show the correct one.
Alright, so when sending to an "integrated address" it doesn't show this address on the ledger. This really sucks since it defeats the purpose of having a hardware wallet to double check your destination address. Oh well.
I think you solved my problem, thank you very much Anon!

>>50353528
XMR is the pedo privacy coin, avoid

I'm new to all this. If I create a wallet on my Linux machine with the official wallet app, how do I backup/restore? Do I just need the 20 meme words and the seed number they give you at the start or do I need to also backup the wallet file?

Also is there a way to see my wallet on my phone?

>>50369877
Your seed phrase is the only thing you need to restore your wallet. Don't ever store it in a computer, physically write it down and store it somewhere secure.

>>50369840
based, bought more.

>>50369555
>fixed in the next release
>2 years ago

>>50362776
>service not needed

Darknet adoption trends indicate otherwise.


>>he doesn't know about CoinJoin, LN, Stealth transactions

No need to know about any of those when one-click Monero transactions are available lol

Hello orange frens. Does any one know how to set the config file for monero ocean to use only 70% the gpu or whatever instead of the 100%

Also how to dissable cpu mining on moneroocean since I wanto to p2p on the gui using the cpu?

Thank you and may your monerinos never glow

>>50368265
(Looks like ID changed again)
Yea but they are cheap.. and you get to do twisted stuff.. Like really twisted.

>>50371377
Checked

>>50367644
>Is this a good idea?
I dunno anon you tell me, would you rather hold a memecoin whose ONLY value is how much twitter users want to buy it, or hold a cryptocurrency which is pretty much the only coin used as an actual currency?

In my opinion monero is the most worthwhile of all coins no matter what. But then that's why I'm here lmao. There's no denying that moonshot chasers sometimes do find moonshots and get an astounding amount of money out of nowhere. It's up to you what you do.
Though if you ask me I feel like dogecoin is kinda played out now and I don't see a reason to hold it anymore. Then again I never participated in the shitcoin mooning gambles so what do I know.

>>50356613
'nero chad reporting in, I have 307 in my wallet

Glow harder faggots

Is eds 1488.eth for 1.488 eth a good investment? Resell it for 14.88 eth maybe. Or wash trade it to 1488 eth for the memes.

>>50369840
The same fucks arguing encryption in australia and opening the entire country to backdoor and corporate theft and identity theft is for pedo terrorists are arguing against privacy.
Grow up, privacy is privacy.

Anyways, does anyone know if it's possible to go below 1GB of ram for running a local monero node? Is there some known absolute minimum required?

>>50372317
https://opensea.io/assets/ethereum/0x57f1887a8bf19b14fc0df6fd9b2acc9af147ea85/35174138645100127136622817249374036653646584586340933563058797430851623867422

Never mind mr.c=pe set the price to 1488 eth not 1.488 eth. kek. Now I have to cope.

Happy Friday, fellas.

>>50373998
Happy Friday to you too, fren.

>>50373998
Shabbat Shalom!!!

Bros, I need XMR to be at least sub-120 USD to keep slurping.

Jews, pls..

UnstoppableSwap max is 0.01 btc: 1.5 xmr. Is this ever going to increase -- maybe anon knows when, or does my fren just do many modest transactions over and over?

>>50375007
As far as I understand unstoppable swap is kinda experimental.
The main swap project is farcaster which according to their presentation should be testing soon and I would expect for it to work by the end of a year.
That one should have everything covered and no limit.
Who knows tho I'm just some random anon reading blog posts.

What is the easiest and most straightforward way of converting 0.0045 BTC from my Ledger into monero?
The atomic swap site listed on getmonero is defunct, the one on GitHub needs me to first transfer BTC to their wallet, I think.

Also, recommend a network to connect my wallet too. I tried to get my own up with docker, but it stopped syncing at 97% or so and I currently don’t have 2 more weeks to retry it.

>>50375495
https://unstoppableswap.net/
https://localmonero.co/
https://changenow.io/

>>50375629
> unstoppableswap
Have you read my message? And no, their app isn’t working either, as it doesn’t search for addresses.

>>50375495
Kycnot.me has a list of services for non kyc. Easiest would be Tradeogre for non kyc. Cakewallet is the most normie tier (wallet with a built in exchange).
Or if you don't mind kyc, kraken.
>>50375629
Stop recommending unstoppable swap retard. It's experimental and not used.

>>50375819
Thanks, will try it out.

>>50375866
Do you have any error logs for your wallet? I don't understand why it would just stop.
For a remote node, look up sethforprivacy.

>>50376004
I do have logs, but it just says “started syncing” over and over again.
There are a couple similar issues on GitHub and solution is usually just restarting it.
Thanks for the node.
I’ll try again once I have a proper domain name.
Would make my own Dockerfile anyway, since the one provided by Monero team is weird as hell and by default installs ancient version of monero.

>>50369840
Guess I will buy some more then.

>>50375819
no!

>>50376004
Pretty much pic related.
Wallet fust says "syncronized".

>>50375495
>stopped syncing at 97%
run "stop_daemon" and wait for it to stop, then retry when your drive is no longer having a seizure, you don't need to re-sync the whole chain.

also
>docker
running monerod by itself is so much simpler I do not know why people ever did this.

connect your wallet to one of these if you don't want to fuck around with a local node right now

xmr-node-uk.cakewallet.com:18081
xmr-node-eu.cakewallet.com:18081
xmr-node-usa-east.cakewallet.com:18081
node.moneroworld.com:18089
node.xmr.pt:18081
node.monero.net:18081

or literally any other node listed on monero.fail

>>50376697
>running monerod by itself is so much simpler I do not know why people ever did this.
Well, I hae 12 or so more servers and managing everything through docker saves a ton of headache.

I'll try fixing it later, thanks for the links!

Right now I have to figure out why Arch has issues importing gpg keys and update Bisq.

>>50376733
Sync on an m.2 SSD, took my server 2 days with monerod on docker

anyone else have issues withdrawing from bitfinex?

>>50367660
it's not like you do anything useful with those cycles anyway

>>50375819
> Top recommendation is Bisq
I just love Java.

>>50356613
>>50356986
>>50371958
Why are these anons posting images from https://thispersondoesnotexist.com/ while disclosing how much XMR they have? How is this psyop supposed to work?

my pc hangs at an undetermined time after i start mining, sometimes fifteen hours sometimes four minutes
is there any way i could find out what the cause is after rebooting?

>>50377465
It's fucking glowniggers again.
It's so tiresome

>>50377772
set it to log everything to a file and check it after reboots (or just tail -f the log file on a remote session and maybe you can see it in real time)

https://xmrig.com/docs/miner/config/logging

Are you mining on all threads? That would certainly make the machine hang and cause a problem like this. Try and leave like 2 threads free if you are.

>>50377465
>How is this psyop supposed to work?
someone anon is retarded enough to post an actual recent picture of themselves and how much Monero they own

release day

>>50377465
>>50377778
>>50378001
you guys should join in, it'd be pretty funny if some retarded anon fell for it. also, this is my aunt, she owns 27 Moneros, say hi!

>>50378088
imagine getting paid tax dollars so you can do harm to your nation's own citizens and enforce only the (((federal reserve financial system))) and then have the balls to lecture people about "integrity" and "serving your country" irl.
No I won't help you

>>50378208
>imagine getting paid tax dollars
I get paid in Monero, anon...

>>50378037
*ahem*

LET'S FUCKING GOOOOOOOOOOOOO

>>50375098
Thanks, anon. I did not know that. My fren said he might indulge the experimental side of Unstoppable until the end of the year.

>>50377987
why does the verbose setting not do anything

>>50367942
Changenow is what Cake Wallet uses. It's how I get most of my non mined XMR.

>>50378787
I am sure Monero fags are unfiltered.

>>50378564
Couldn't tell you, I haven't messed with it, myself.

>>50379140
Agree, yet also no additives or intrusive government cautions or market regulation.

>>50356504
It doesn't seem to ever get much higher than 0.0068 sats before crashing these days. Give it time, the price is on its way back down.

>t. still trying to lower cost basis to 150/xmr since buying at 250

>>50377465
>>50377778
Those anons are telling the truth.

Me and my bitch have 18.7XMR. Probly gonna spend it all on drugz haha.

>>50361536
niggers can't into privacy coins, they just go for trends, like BTC

>>50379648
nigga yo bitch look like my ballsack

>>50369840
bitcoin was fudded as druggy/pedo/far-right money from 2014-2018, right up until institutions had a large enough share for it to suddenly not be labeled as such
funny how that works, innit?
>You cannot shake out those with conviction.

>>50376697
for like $5/month you can simply host your own remote node and then 1) never worry about malicious node related attacks because YOU are the node 2) never worry about "Syncing your monerod" again because it's always up to date
>but anon, I am technically retarded!
that's okay, monkey-see monkey-do this shit:
https://sethforprivacy.com/guides/run-a-monero-node-advanced/

>>50362776
>he can't hit send for instant privacy

lol. LMAO even

>>50362776
>thinks optional privacy deters scrutiny instead of attracting it
lol pic rel it's you in the future trying to spend your coins

>>50353528
Privacy is not just an illusion; it’s a delusion. Things like privacy statements and permission to use cookies are little more than sophisticated propaganda. If you think for a moment the Overlords cannot prepare a dossier on you within minutes that would make your mother faint and your father die of shame, you’re living in fantasy land. You have no idea how much data they store on individuals, and not just credit card purchases: tracking data, telephone conversations, text messages, anything you ever posted on the Internet. It’s a devouring machine. Get in their way, and you will find out how much they know about you. It has been this way for a very long time. This is nothing new. And yes, they really can turn on your cell phone camera and microphone at will without lights, so long as the battery is attached. And VPN? I laugh when I think about VPN. There is no cryptographic protocol used on the Internet, that the Overlords who brought all these technologies out in the first place, cannot decipher. None. The only way to live with this level of privacy evasion is to accept the reality of it. Stop thinking you are ever alone. Out in the middle of nowhere with no electronics on you? Maybe

>>50380345
not entirely incorrect but clearly written with demoralization as the goal
try a more subtle approach

>>50380345

>>50380058
It's gonna cost a lot more than $5 a month for that drive space, chief.

>>50380510
you could run a pruned node
i have a remote node on oracle's free compute instance

>>50380345
>just turn off https bro

>>50380345
please post your social security number, full name, home address, and nose. Privacy is not just an illusion; it's a delusion, you should not have any expectation of it :^)

>>50380603
wow, fantastic opsec.

>>50381463
i dont use it for transactions
just to leech off of the network cuz i cant figure out how to get the p2p working :)

>>50381463
what's the issue of hosting your monero remote node on a cloud server you control?

>>50381567
--p2p-bind-ip and --p2p-bind-port

>>50381629
>you control
Because it's not just you who controls it or sees what's happening on it and it's literally running on a machine owned by a megacorporation that loves to spy on people.

>>50380345
>There is no cryptographic protocol used on the Internet, that the Overlords who brought all these technologies out in the first place, cannot decipher.
gpg is good enough to make FBI glowies to seethe. IKE is a fucking inexpugnable barrier. Even SSL is a glowie seethe if you make sure your root certification authority is sane enough.

>>50381704
it's just a dumb API that streams the blockchain to you and routes transactions to the network
people use random public nodes which they find on google

I've been mining XMR for a year now on three of their free ARM servers for 1kh/s each lol

>SIGSEGV at 0x5609780a6d8f
standard segfault i suppose
is it caused by a lack of RAM or is the cpu doing funny stuff

>>50381788
For the node? Likely RAM if it happened while syncing your blockchain, CPU otherwise.

>>50381821
sorry, that was xmrig

>>50381837
Definitely CPU then.

>>50380510
that is certainly true if you run a full node, chief :(
>do it for her

>>50361377
Don't you fags have your own thread?
zcash is heading under 50 dollars kek.
Also why is zcash less of a pedocoin than xmr?

>>50381766
"they can't do much with my one node" doesn't make it a good idea to give a megacorp root access to the boxes you rely on to supply your wallet clients with accurate data you can plan your expenses with.

>>50382163
meh, it's not that big of a deal imo.
I selfhost my email for example, it's full disk encrypted (just like the rest of my servers) and uses dovecot encryption with my IMAP login password
but it's a standard KVM VPS on a mid-sized hosting company, they could get access to my mail with some amount of effort - why would they though?

what kind of threat are you trying to protect yourself against?
who are your enemies?
what can they do if they pwn your monero remote node?

I'd be more worried about protecting my funds, personally I keep them in cake wallet since I trust the android security model and keystore
"The only system which is truly secure is one which is switched off and unplugged [...]"

>>50353640
>>50368346
Firo just started PoS because they're getting 51% attacked. Stakers get like 30% of the block reward lol. They can't switch to RandomX because they have a fraction of monero's hashrate and our pools would thrash them.

Good little pump though, I hope our firo bros make it back to ATH one day.

https://mobile.twitter.com/sethforprivacy/status/1517141762011140096

In case deroshills decide to come back, not that it really needed to be said

>>50382530
Very sad. I had really high hopes for the project.

What's up with this pump, I don't see what's changed in the market. Shouldn't we plummit with the impending recession, or will monero be the way to avoid taxes when you can barely pay or make money?

I have an old laptop sitting around, 2019 macbook pro. is it worth setting it up to mine xmr in a corner? I don't care about profit

>>50383210
No. x86 Macbooks of any vintage newer than the Core 2 Duo will slag themselves under multi day sustained CPU load.

>>50363729
>>50364043
ASIC mining is good though, in that it more efficiently converts electricity into security.

Beyond 51% attacks, decentralization of miners isn't so much an issue as is decentralization of nodes. For example, at the time of the BTC blocksize wars, miners would have benefited from bigger blocks, at the cost of node operators. Yet node operators had their way, and small blocks were maintained.

>>50383557
>ASIC mining is good though, in that it more efficiently converts electricity into security.
Not if the ASIC miner companies internalize the chips and only sell them when they're obsolete, like happens with BTC.

how do i know if the node is properly contributing to the network

>>50383557

ASIC mining farms are sitting ducks.

>>50383625
It will bitch very visibly if it can't stay synced.

>>50383557
I disagree. CPU-only mining encourages chip makers to make better CPUs which all devices use. ASICs are largely pointless, even as a space heater. Nothing has gotten better as a result. That silicon could have been put to better use imo

Some more good news, boys: yet another Monero-only market has just launched!

That's one more DNM admin that looked at BTC and said "lol, no thanks!"

The Revolution marches on.

>>50353528
https://moneroinfodump.neocities.org/

is this still up to date?

>>50383939

Yeah, why?

>>50383963
put it in the op then

>>50377465
>while disclosing how much XMR they have
the XMR does not exist either

>>50383980
op already consists of 7 posts in which it's listed

>>50384170
didnt see it lol
greetings from san jose del guaviare - colombia

>>50383557
>in that it more efficiently converts electricity into security.
Security comes from cost, not hashrate, you nigger. If there was a way to calculate 1 petahash in 1 second using 1 Watt of power, you wouldn't suddenly be able to run the entire Bitcoin network off a raspberry pi. Everyone would continue mining as normal, you'd just have a dozen orders of magnitude higher hashrate.

Security comes from the fact that an adversary can't just easily buy a server farm and get 51% control of the network, because it costs too much. It doesn't matter whether the network is doing 10 hash/sec or 1000000000000000000000000000 hash/sec, if in both cases it costs the same amount to rent 51% hashpower then the security is identical.

I just bought 1 (one) monero.

me with my brother whose disability money i use to buy my 2k+ xmr stack

>>50384269
>Security comes from the fact that an adversary can't just easily buy a server farm and get 51% control of the network, because it costs too much.
This is actually the one serious threat to Monero. AWS and Azure alone have dozens of large buildings full of computers already dedicated to US government use. All the feds would need to do is spin up a shitton of miner instances and a 51% attack would be feasible. The only thing keeping this from happening right now is that other workloads in those cloud regions are considered higher priority. If Monero ever flipped BTC as King Shitcoin that priority level might change.

>>50384595
>If Monero ever flipped BTC as King Shitcoin
Then mining would become more profitable and the amount of independent miners would rise and ideally at some point it would become infeasible to "just AWS it".

In that sense ASICs do provide one advantage, in that, being special-purpose hardware, you have to build a special-purpose mining farm to execute a 51% attack. The same thing that centralises mining and prevents average joes from participating also helps make it a bit more difficult for the feds to 51% it. However, the thing is, if they wanted to, spending a hundred mil on an order of custom-produced ASICs is very much within their capabilities.
So using ASICs is merely an inconvenience rather than a true defense. It still all boils down to cost. How much would it cost to build an ASIC farm that can 51% Bitcoin? How much would it cost to comandeer enough of AWS/GCP/in-house clusters to 51% a Monero with the market cap of Bitcoin?

I have a newfag question, that maybe someone here could guide me with

Say I wanted to sell trading cards for monero to someone internationally. How could I make a transaction such that I get my monero, they get their purchased cards, and we exchange the assets without a conflict of trust based on who deposits monero / ships the cards first?
I am not sure I explained myself correctly, but if anyone can give me some pointers that'd be great

>>50384651
maybe you could write something with an API that tracks the package with its tracking number to make the transaction trustless

>>50384651
Escrow with a 3rd-party arbiter

>>50384688
I'm not a software developer, and there is zero chance I'm taking the time to learn and do something like that, or pay someone to do it for me. Great idea though, I wonder if something like what you propose could end up being a reality and we can trade items freely country to country

>>50384693
Ok, that sounds interesting. So I'd need to find a company that I'd send the cards to, the other guy would sell the crypto, and the company would re-distribute the assets for a percentage. I guess it doesn't sound too impossible to set up

>>50384374
You're retarded for disclosing that on a public forum with your public IP address accessible to government actors. YNGMI

>>50384734
>So I'd need to find a company that I'd send the cards to, the other guy would sell the crypto, and the company would re-distribute the assets for a percentage.
Do the complete opposite: make a 2-of-3 multisig transaction with the crypto, send the cards, and once the guy receives them he releases the crypto. If there's a dispute, the 3rd guy (who can be any random person you both are willing to trust) looks at the evidence - for example, you send him the tracking number - and uses his "vote" in the multisig to settle the dispute. Simple as.

No need for reshipping companies or anything.

>>50384760
I also met the Queen today and then went water skiing with Brad Pitt. Does that balance it out?

Is XMR worth bothering with as an investment or is it only useful as a tool for buying drugs and cp? If anyone can successfully shill this coin to me I’ll add it to my portfolio, but otherwise I’m not personally interested.

>>50384878
lmao

>>50384878
no it sucks as an "investment" now please short it and tell everyone you know to short it so i can buy it cheaper

poompa

What about SCRT

>>50384878
Go away retard.

>>50384642
Asics will become compromised through regulation. Mining cartels will form and collide with government for ofac compliance and green energy usage.

>>50377332
don't say that

ok so i guess i cant mine it on all threads, just one thread per core

>>50385978
Monero scales well with SMT. Is your system over heating or something?

>>50377465
>How is this psyop supposed to work?
Basically the glowniggers want you to say how many moneros you have so that if you have any undeclared moneros they can add that to your taxes.

>>50386211
nah i think its my mobo now that i remember having similar issues a few years ago
something to do with a shitty chipset
dont buy the cheapest mobo when a better one is five bucks more

>>50386511
sounds like VRM - basically the power regulators. Cheap mobos aren't equipped for powering aggressive multi-core CPUs for more than quick bursts. Had the same problem on an old AMD FX system - crappy case fan pointed at the VRM was enough to skate by.

>>50383818
got a link or sub dread?

>>50386649
mellownx5c2tkrmrvvsnbfdnm3zvp6ozqdyuwwtgd7ivaae5noavwoad.onion/

>>50365410
why does that genuinely remind me of Rouge the bat?

if i lose access to my crypto wallet the same year i acquired the crypto assets, how do i report that on my taxes?

>>50387350
Don't be a boomer and stop looking at crypto as a stock.
It's a currency, you used it to pay hookers/bought weed and you no longer have it.

are there guides on hosting a full node over tor? also, are there mobile wallets that can use a torified node?

>>50387428
the government sees it as an asset for property tax purposes, but if i were to legally lose access to my coins, how would i report that

>>50369840
Link to xmr/pedo sites please?

>>50382147
Zcash is the true pedo coin because it’s run by trannies and we all know what they like to get up to

>>50387731
>trans queer atheist kinky autistic anarchafeminist with ADHD

>>50387629
>>50353528

>>50387731
That's a woman

Monerochads. How do we prevent people like >>50384878 from adopting XMR as it becomes bigger and grows in valuation? We don't want to become another Bitcoin with moonboy retards but we also can't prevent them from buying Monero.

Like seriously, I'm afraid of the community disintegrating or being drowned out when this inevitably becomes a top performing project.

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

>>50389673

We use an IQ filter.

>>50384878
>Is XMR worth bothering with as an investment or is it only useful as a tool for buying drugs and cp? If anyone can successfully shill this coin to me I’ll add it to my portfolio, but otherwise I’m not personally interested.

Fuck off and kill yourself, moonfag.

>>50389673
monero is for everyone

>>50385563
>>50389673
>>50389883
I did literally nothing wrong

>>50389673
Pretty much exactly what we did. Low info idiots who want us to "sell me this pen" to get rich ruined crypto.

>>50390004
No, we made crypto
There is no “community” you dumb “muh sekrit club” redditards

The struggles never cease.

>>50390050
>There is no community
>Literally one of the only crypto general threads on this board with anons who don't care about price
You didn't make anything you filthy pajeet nigger. You are exactly the type of retard we want far away from this project. An "investor" looking for sick gains in his portfolio. You don't care about actual fundamentals of p2p decentralized cash. You coming in this thread acting like we need to impress you to pump bags is cringe and you should go back to pooing in the street.

>>50390122
Cope beyond copes

>>50389973
>I did literally nothing wrong

Why are you still here? You're missing out on all dog meme moon missions.

>>50390227
What’s wrong with using part of the money as investment?

>>50390251
Because you are not actually "using" the money. Instead you are just letting it lie around just to get more. This just gets rid of some of monero's liquidity, making it harder to spend and in turn making the value go down. "Investing" in monero is probably the worst thing you can do for yourself and others with your monero.

>>50390251
>What’s wrong with using part of the money as investment?
Volatility.

If a coin is way to volatile, it is hard for merchants to sell their products to a set price.
Just imagine the Euro or USD would like jump or fall like 30% or more every single day or even twice a day.
No shop would sell stuff anymore since they have to fear selling with a loss. Or they would just open the shop for some few minutes when the value of a currency is at a preferred rate/price.

People that only jump the train to invest and make money, are the ones that ruined it for Bitcoin and most other coins,

>>50390295
> not “using” money
You do know money by definition has multiple uses and storage of value is one of them? I thought monero prides itself on being “the only real money in the crypto world” or something.

>>50390251
As long as you are using Monero and participating in proving Monero, there is nothing wrong with stacking.
It's moreso how the original question was framed, as he is clearly a loser pajeet who wants to make lambo gains.

>>50390303
> just imagine
No need to imagine, shops work as usual during hyperinflation until a certain point.

> volatility
“Normal” money doesn’t get volatile when you “stake” it in the bank, for example, to try and offset inflation.
> only jump on train
There is a big difference between “i only want to use it as a weird stock to get rich” and “I want some of the value I don’t use to rise and not go to shit”.

>>50390251
>What’s wrong with using part of the money as investment?

"crypto as an investment" as opposed to "crypto as a utility" is what gave rise to the Clownworld Casino in the first place.

If you're going to speculate with XMR then STFU about it and stay in the shadows, we're busy fighting a revolution here.

>>50390316
In improving*

>>50390316
Ah, ok. I’m a tourist here and assumed you guys are really autistic about using monero as investment.

>>50390326
>If you're going to speculate with XMR then STFU about it and stay in the shadows, we're busy fighting a revolution here.
100% spot on.

>>50390326
> we are busy fighting a revolution
Ok, I retract my statement in >>50390334 some of you are definitely weirdos.

> A as opposed to non-exclusionary B
You do know you can have both? Just like money is supposed to be? You can’t claim to be money and then shy from stuff money can do.

>>50390348
If you don't think there is an ongoing war against financial censorship, I don't know what to tell you anon. It's only going to get worse.

Anyone tried sideshift.ai to convert xmr to other coins? Is it legit?

>>50390363
XMR is only valuable because you can trade it for US dollars retard
Drug dealers don’t want XMR they want USD
You aren’t fighting a Revolution you’re buying cp

>>50390348
>Ok, I retract my statement in >>50390334 some of you are definitely weirdos.

Not really, MoneroChads just tend to be the most ideologically-driven zealots in all of crypto. While everybody else is off chasing imaginary moons we're here subverting the Establishment and having a damn fun time doing it too.

>>50380345
>Privacy is not just an illusion; it’s a delusion. Things like privacy statements and permission to use cookies are little more than sophisticated propaganda. If you think for a moment the Overlords cannot prepare a dossier on you within minutes that would make your mother faint and your father die of shame, you’re living in fantasy land. You have no idea how much data they store on individuals, and not just credit card purchases: tracking data, telephone conversations, text messages, anything you ever posted on the Internet. It’s a devouring machine. Get in their way, and you will find out how much they know about you. It has been this way for a very long time. This is nothing new. And yes, they really can turn on your cell phone camera and microphone at will without lights, so long as the battery is attached. And VPN? I laugh when I think about VPN. There is no cryptographic protocol used on the Internet, that the Overlords who brought all these technologies out in the first place, cannot decipher. None. The only way to live with this level of privacy evasion is to accept the reality of it. Stop thinking you are ever alone. Out in the middle of nowhere with no electronics on you? Maybe

>>50390321
But you can't say that we don't have a relatively high volatility in cryptos.
Sure, holding assets in Monero isn't a problem, but when people start selling them expensive and buying them cheap, that's where things escalate.
How will you as a shop owner sustain a business, when prices change twice a day both up and down?

I see people daytraiding BTC and it kills the market.

>>50390302
Yea, it is good as a store of value, I thought you meant investment as in mooning since thats what the majority mean when they talk about investing in terms of cryptocurrency.

>>50384819

>>50390439
They could have adopted and spread the word about one of the best practical solutions to counter this fucked world,
They chose to be moon boys instead.
Absolute cattle

>>50390428
>XMR is only valuable because you can trade it for US dollars retard

XMR is valuable because it is an in-demand utility that helps keep drug dealers, terrorists, pedos, etc off the glowie's radar, dipshit.

>>50384878
>Is XMR worth bothering with as an investment
is it worth it to store wealth privately in an uncensorable and unseizable way for a long time frame anon for you?

>>50390491
Which they immediately sell for USD you dipshit. They don’t want XMR they want a hard to trace way to access US dollars.

>>50390537
>Which they immediately sell for USD you dipshit. They don’t want XMR they want a hard to trace way to access US dollars.

Source: trust me, bro. Selling crypto for cash is necessary to a degree to offset living and operating costs but every vendor/dealer knows by now that exiting the XMR ecosystem exposes them to the risk of discovery, which further incentivizes long-term holding, especially now that Monero's prospects keep looking better and better.

In any case, the growing demand is there, which is what ultimately counts.

>>50389673
if you (and others) have such a hissy fit over a legitimate question or people just holding monero then you should preventatively buy some rope (ticker $rope), as you wouldn't last another day in case of a new ath

>>50390619
Oh so moonboys SHOULD invest in Monero
Thanks for playing

>>50390537
But since holding USD is a risk in and of itself combined with the knowledge that XMR can always be sold for USD at a later date they keep holding XMR to stay untraceable and benefit from the protection the blockchain provides.

It's similar to how people first stopped getting their gold out of bank vaults and just started exchanging the receipt between each other to keep the protection of the bank vault as you know you can just cash out the gold at any time afterwards.

That is how the XMR blockchain gains value over time. It inherently becomes more valuable and easy to keep your value in XMR, and as more and more goods and services start accepting XMR this "guarantee" that you can sell XMR at any time for USD becomes irrelevant as you can just directly use XMR.

The drug dealers are just a proxy, a trojan horse to get people to exchange value over the XMR blockchain so that we can slowly over time as a society detach from fiat altogether and have a true completely private, decentralized global currency that can't be censored by anyone.

There's no other currency in existence that could do the same which is why XMR is special and attracts revolutionary thinkers.

It's not about getting rich, it's about getting your freedom and privacy for you and the next generations after you.

>>50390461
> you can’t say
Partially, after all, correlation is not causation.
> how would you do that
Literally the same way physical shops do it when there’s uncertainty (think hyperinflation or sanctions on Russia for a current example): increase the prices to factor in risk. One of the main benefits of digital currency is that you don’t have “worn shoe” effect and transaction costs related to changing price tags (it’s immediate). Therefore effects on crypto prices should be less than on regular M1-3.

>>50390472
Got it. I don’t care about mooning, if it keeps up with inflation, I’m golden.

>>50390643
>Oh so moonboys SHOULD invest in Monero

Holding because you're being hunted is common sense, retard, especially as the circular Monero economy grows and you need USD less and less.

lol looks like we hit a nerve, boys: https://boards.4channel.org/biz/thread/50390458/

>>50390643
>Oh so moonboys SHOULD invest in Monero
No. People that want their wealth to be protected from voyeurism and/or confiscation should park their wealth in XMR.

People that are looking for the best ROI should just go and buy Bitcoin, Dogecoin or whatever the next fad is. Not because Monero will necessarily give a bad ROI. But because it inherently isn't an investment, and this usecase also detracts from the main goal of Monero which is becoming the de-facto standard means of exchange both online and offline.

Can you imagine how muddied the conversation becomes when we have non-technical people with no ideological standards start saying that Monero should drop some security/privacy to adopt smart contract functionality and become Proof of Stake because it would target a larger audience and thus lead to XMR price increase or some retarded for-profit reasoning like that? It would ruin the entire project and its mission (which is what happened to Bitcoin).

It's of EXTREME importance that Monero keeps the revolutionary spirit and shuns pure profit seeking.

>>50390768
I’m buying XMR

>>50384878
>Is XMR worth bothering with as an investment
You have to answer that question for yourself anon.
DYOR
RTFM
>>50353652

>is it only useful as a tool for buying drugs and cp?
Not 'only', but yes it's incredibly useful for that. In fact it's the only tool you can reliably use to do so

>>50390251
>What’s wrong with using part of the money as investment?
Nothing, as long as you're not confusing gambling with investing. Personally, I think monero is a terrific investment but it's probably a bad gamble with the amount of uncertainty across all markets (yield curve inversion, defi insolvency, dollar crisis on the horizon, food/energy crisis on the horizon, etc). It might be a gamble i end up winning, but that doesn't change it's investment appeal

>>50390686
When the chromosome of destruction activates.

Moneroniggers will begin roping once the true potential of ZKP becomes obvious.

>>50391403
>Optional privacy

>>50390656
I see you really don't know how crypto works.

>Shop owner buys shoes for 50 USD (0.35 Monero)
>wants to sell them online for the 100 USD (0,70 Monero)
>gets them sold and receives the 0.70 Monero
>Monero to USD falls from 135 USD per Monero to lets say 100 USD per Monero
>now, if the shop owner wants to buy a new pair of shoes, after all expenses he had, he is barely able to re-buy a new pair of shoes, since the Monero plummeted in comarsion to the USD
This is basically what keeps many people from selling stuff online commercially in Crypto since Crypto is highly volatile.
The shop owner is literally forced to wait and hold the Monero as long as it takes for Monero to recover to the state he made his calculation with.
Sure, he can price in the risk factor of ups and downs of Monero, but that would mean he has to sell his products for a much higher price than he normally would in USD

Mooners just amplify this problem.
That's all i'm saying.
And since it is highly unlikely, a shop owner can source all his products in Monero, he sooner or later faces exchange rates that can crush his calculation.

>>50391486
> greentext
Literally the example with hyperinflation.
How’s crypto special in this case, again?
Also, even without speculation, monero has severe price fluctuations.

>>50391507
Also, if that’s really your main concern, just use stable coins like USDT or whatever they are.

>>50391507
>Literally the example with hyperinflation.
NO, not at all. It goes up and down, whereas a hyperinflation knows only one way going (less and less value)
Volatility is not inflation in it's classical sense, since its going up AND down in an unpredicable manner.
Hard to calculate if you import or produce and sell stuff and have to keep your calculations to add up.

People that speculate on cryptos as i said in my previous comment amplify volatility and make it even harder to compensate with price"creation" or calculation.
This is why many commercial shops stopped using Bitcoin to get paid (and a shit ton of other mostly blockchain and technical reasons like fees and stuff.)
Monero is much better in that sense since it's scalability is better and payments are way faster and transaction fees are smaller.
That's why mooners should stick to meme coins like BTC, ETH, DogeCoin or Z-Cash.

>>50391538
>Also, if that’s really your main concern
Stability is one of the KEY elements of a successful coin to get established.

>just use stable coins like USDT or whatever they are.
USD's inflation is keeping me from this since it's going down in value without the ability to ever recover.
So fleeing from the jewish made up ponzi scheme isn't possible with a stablecoin that is literally locked to the USD.
It's the same drame buy digital. No thanks.
Also PRIVACY.

>>50391578
Devaluation exists too, but I kinda see your point. Still, price of EUR/USD jumps up and down as well. Once again, Russia is an excellent example here, since it went up and down with a downward trend for a while and then shot up during the war.

>>50391614
> no ability to recover
1. Not true
2. As lond as US prints own currency and it’s the same currency that is used in debt calculations around the world, this doesn’t really matter.

Any currency depends on others (at least since we abandoned gold standard and to lesser extent Breton-woods). Let’s say USD has 100% inflation a day, but other currencies have 10000% a day.
This way USD actually gains value. And you can always devalue it.

Still, for me the only important part is privacy. I really don’t care how much Monero costs, as long as merchants convert it semi-reasonably and allow me to pay for stuff without a trace.

>>50391636
>Devaluation exists too, but I kinda see your point. Still, price of EUR/USD jumps up and down as well.
Yes, but it's mostly not that highly volatile as most Cryptos are. That's the problem.
I'm importing stuff myself and if i would have to eal with constant price fluctuations of 30% or more, i would most likely not be able make things economically feasable.
We see that already in the sunken USD to Euro price. EUR massively dropped and it causes problems for resellers since they have to pay way higher prices now in order to import stuff. At the same time, people get poorer and poorer.

>1. Not true
Hm... Interest rates make every FIAT currency a ponzi scheme with a built in hyperinflation that's waiting at the bitter end of every FIAT currencies life cycle.
There's no way back, other than further devaluation and creating more money. A downspiral we are in now already. But we have just seen the the start of it.

>2. As lond as US prints own currency and it’s the same currency that is used in debt calculations around the world, this doesn’t really matter.
We have this inflation phenomenon worldwide. And the USD is affected by this as well. Currently about 8.XX something%

>Still, for me the only important part is privacy. I really don’t care how much Monero costs, as long as merchants convert it semi-reasonably and allow me to pay for stuff without a trace.
Well, i see on this mostly the same, but i also have in mind, that we now have a chance to establish Moero as one of THE main Coins to trade with internationally.
What the corrupt elites have planned for us, is anything but fair and privacy based. And to establish monero as THE main Coin to trade goods for, we need a low as possible volatility.
Trading goods should not be like gambling when it comes to price calculations. I mean sure, you can buy/import a product that no one wants to buy from you and you go punk, but that's a risk of a business owner.

>>50391403
zniggers can't meme

Syscon's anticipated Vilidium will offer speeds of up to four million transactions per second and truly do away with the perceived limitations on blockchain technology.

Sneedcon's anticipated Chuckuckium will ofer speeds of up to four million sucks per second and truly do away with the perceived limitations on feed technology.

does anybody have a decent guide on reporting crypto taxes
i cant find a good answer on how to report holdings, new crypto, or causality losses

>>50387731
ZCash is for groomers.
Monero is for cute and funny enjoyers.

Know the difference.

>>50392469
None of us actually own any crypto so we'd have no idea how to do things like report gains and losses to the IRS. Maybe talk to an accountant that specializes in crypto regulations?

It's over, Monerofags.
The #1 Monero influencer is in jail.

>>50392469
literally just note down all sells and buys
also tax.crypto.com lets you just plug in csv and excel files. site kinda sucks but it also kinda works

>>50392649
based
>https://video.dailymail.co.uk/preview/mol/2022/07/07/6564324310922707893/636x382_MP4_6564324310922707893.mp4

>>50392737
how does it work for property taxes or losses tho
do i legally own the assets even if i lose access to the private keys

>>50392853
if theres a record of you buying them, probably

>>50392863
so if i were to lose access to any crypto, it should be one that is going to depreciate in the long term so my property taxes are lower right?

>>50384806
this is actually amazing but not yet supported in the GUI
https://monerodocs.org/multisignature/
kinda amazing how many use cases monero can already do

>>50392127

At least we dont resort to hentai as a shilling strategy.

>>50393672

lol how do you faggots not realize just how utterly cringeworthy your memes are?

>>50393701

Taste is subjective. Zcash basically sells itself anyway.

>>50393750
>literal jewish CEO
>(((dev tax)))
>major exchanges shill it, still has no adoption
kek

>>50384878
>>50390497
this is the only correct answer, why is everyone so salty in this thread?
I'd say holding 5-10% of your net worth in monero is a sound investment (not necessarily safe though)

>>50384893
>>50384920
>>50385563
>>50389673
>>50389883
what these posters are actually trying to say:
DO NOT USE LEVERAGE
that's what actually ruins crypto, it's used by retards (seemingly also a lot of big "investment" firms) to gamble away their money with absurd amount of leverage (up to 200x for BTC, a 0.5% move liquidates you!!!!)
these forced liquidations due to high leveraged longs is also why crypto valuations can dump so low quickly

if people just buy spot and hold there is nothing wrong with it
also nothing wrong with selling your XMR if you made a profit and have found a good way to use the money (not a lambo)
I'd even go as far as saying that swing trading is fine if you don't use high leverage, you stabilize the price (buy when low, sell when high) and provide liquidity

>>50393828

Dev tax ensures our world-class team keeps developing our world-class tech.

And ZEC adoption is right about ready to take off, just wait and see.

I had a dream that the hard fork was delayed.

>>50394000
>Dev tax ensures our world-class team keeps developing our world-class tech.

Cool, so you have mercenaries who aren't as ideologically invested as the Monero core team, who happily work for free.


>And ZEC adoption is right about ready to take off, just wait and see.

lol how? No darknet adoption to speak of, near-zero traction on social media, all you got are the same tiny handful of Twitterfags posting about "$1500 soon!"

I'd be fucking embarrassed to be on Team Zcash these days.

>Trans queer atheist kinky autistic anarchafeminist with ADHD.

>>50394080

You want the best be prepared to pay for it.

Halo 2 has only just activated so it will take a while for word to spread. But its coming, so watch out and dont cry you werent warned when Zcash leaves XMR in the dust.

new thread >>50394182

>>50393904
dont put words in my mouth buddy
when i told that pimp to not buy monero, i meant it
i'm trying to buy this shit CHEAP

>>50394175
>it will take a while for word to spread
come back when it does

>>50391403
Still got that trusted setup that was initially used, so who knows, there could be billions of zcash just laying in the founder's pockets

>>50391636
>, Russia is an excellent example here, since it went up and down with a downward trend for a while and then shot up during the war.
It really doesn't matter how volatile it is. What does matter, is how volatile people think it is. You saw people trying to withdraw their money after it went down, not as soon as they received it.

>>50393672
You probably want zcash-chan to exist, but people wouldn't make that even if you paid them.

sneed!