/biz/ - Business & Finance

>>50822041
...

It's bullish you retard

>>50822151
Is it?

>>50822041
XMR

>>50822151
It's down almost 30%, you moron

>>50822041
This is not the first time something like this has happened.

>>50822315
They can see you using tornado that's why they sanctioned it. How would they sanction a properly privacy by default blockchain? Think about it.

>>50822435
The market may be retarded short term.

>>50822041
One falls others rise

>>50822349
Hey fren,privacy does not revolve around monero they are more modern tech.

>>50822478
They sanctioned it because it's being used so that it will not be used anymore. Isn't that it? They are probably against the lack of transparency peculiar to it.

>>50822551
All other privacy coins are basically in the shadow of Monero. Go KYS

>>50822041
IRS will have a field day with this news.

>>50822478
>The market may be retarded short term.
You are underestimating the power of market sentiments. Before you know it, short term becomes long term very quickly

>>50822435
that's fucking nothing
what do you think happened to the price of heroin when it was banned from pharmacies ?

>>50822594
They are all bunch of clowns

>>50822582
Here we go again with the subtle cult bants.

>>50822552
Yes, just like drugs, they banned it because people use it. However, there's a difference between a public vs private service like tornado and other privacy coins. Everybody, including the government, can see who uses it so it's possible to sanction everyone that dares to defy the law. The same, however, is not applied to privacy coins because, if done properly, it's impossible to know who is using so they can't chase anyone, just like drugs.

>>50822478
>They can see you using tornado that's why they sanctioned it.
Can never be XMR.

>>50822661
Any privacy system connected to tradfi is just a joke because its still dependent on the law and regulatory bodies.

>>50822620
Scarcity creates demand.

>>50822582
you are emotionally overinvested in Monero

>>50822041
Fuck tornado cash, Railgun is the shit.

>>50822938
Not sure if the correlation here makes any sense.

>>50822661
Is that the point of using a privacy coin in the first place??? Shielding your transactions so that no one would be able to find them

>>50822041
In a way, it's a positive thing for privacy protocols. Won't take a lot of time before the pressure come from actual honest traders using the system who happen to be highly influential. More highlight on the need for privacy itself

>>50822911
>Fuck trustless and permissionless privacy systems
Any privacy system that is dependent on anything is not a privacy system at all

>>50822552
Question of the day?
Can you be transparent, yet anonymous while trading?

>>50822945
Monero is actually a very good investment. Whatever the case is

>>50822481
I doubt if there will be any fall at all. The prospects of privacy altcoins cannot be denied

>>50823545
Well, there are about 3 privacy focused coins I'll choose ahead of it.

>>50822617
Kek. Reminds of how some cunts deceived themselves into thinking that LUNA fall was short term, up until it hit zero. Although, it's totally unlikely that happens with Tornado

>>50822041
Never been a fan of mixers anyway. I believe smart contract privacy protocols have higher chance of making it in long term

>>50822041
You can't just generalise the situation. There are so many other privacy project ms in the space. Users would just explore other options.

>>50822041
You can't just generalise the situation. There are so many other privacy projects in the space. Users would just explore other options

>>50823178
Yeah, people aren't exactly addicted to privacy coins

>>50822620
Don't forget the fact that 'heroin' is addictive. You can't compare the two. Privacy is fucking right

>>50823835
>Privacy is fucking right
Privacy is a fucking right

>>50823265
Honest traders dont care about influence, they just want safety and privacy from prying eyes.

>>50822582
Railgun is not, moron.

>>50823340
Transparency is still tainted with exploitation in finance, I'd rather stay anonymous and be safe.

>>50822714
If it's an actual on-chain privacy protocol, there is no way you can be seen. I'm not sure I've used Tornado or mixer of any kind before. But based on the ones I've interacted with, it's completely anonymous

>>50823545
Any privacy-focused coin is good investment IMO. Makes sense why DCG put in a big one on a highly promising privacy project few months ago.

>>50823608
Okay. I wonder what the three are

>AZTEC
>RAIL
>TORN
>MINA
>ROSE
>ZEC

I won't be surprised if the three are part of these.

>>50823545
Never been a fan, the community is more like a cult. I'd pick Railgun and Beam over it anytime of the day.

>>50823972
Transparency and anonymity are the key words

>>50822582
Monero is outdated compared to Railgun. It's been cracked, can't use stablecoins or defi.

>>50822041
The demand for privacy is rising like fuck. There is no stopping it

>>50822349
Kek, Monero is outdated and you know it

>>50823825
You have no idea anon. Privacy is a basic need for all users so it's only natural that people value privacy coins.

>>50822466
That is enough to let you know that there is a major value to privacy centered projects. If it's not relevant, you'll hardly see any talks about it.

>>50822552
>>50822552
Well, you can do your research further. There are privacy protocols that offers the option to stay transparent if you want. The good side you are the only one that gets to have access to the reports.

>>50822594
Good for them

>>50823208
The whole point of shielding transactions and maintaining private wallets can be traced back to security. There are certain information that you should be the only one that have access to them. The state of finance and assets is one of them

>>50823298
If a privacy protocol is not trust less or permission less, I'll pass. This is one of the reasons why I'm a major fan of Railgun

>>50823676
You should probably check what Relayers are and why they are considered to be better than mixers

>>50823915
Every one does. I can't imagine a stupid ass somewhere knowing every fuck thing I've been spending on

>>50824074
Which privacy project is that

>>50822041
No, projects like 0xMonero and PRV will take the place of Tornado cash.

>>50823972
Optional transparency coupled with anonymity is golden.

>>50823576
The niche still needs a lot of awareness, people are still losing funds to hackers due to over exposure.

>>50823635
>it's totally unlikely that happens with Tornado
If its in the option then it can happen, I aint ruling this out again.

>>50824113
RAIL is my best pick on the list. Zero inflation and has a good amount of the circulating supply staked. Definitely my choice for the long term.

>>50822315
depends on how you look at it. their ban signals that the tech is solid an in fact private. that's why monero is great and zcash is trash as well.

>>50824113
RAIL is my best pick on the list. Zero inflation and has a good amount of it's circulating supply staked. Definitely my choice for the long term.

>>50823835
And how will people pay for their illicit addictive drugs when CBDCs enter the fray?
They aren't directly comparable; but the need for privacy partly comes from the need for illegal materials.

>>50823676
Relayers are much more advanced compared to mixers.

>>50823765
If I am being honest the crypto space still needs more privacy protocols, tho there are some very good one with solid tech and in need of bridges or token to access services but more competition will always bring out the best.

>>50823825
With this level of exploits, I hope they get addicted.

>>50823835
Regulators be like "yea right"

>>50826346
Regulators or not, it will still be needed.

>>50825895
Kek, why call ZCash trash?

>>50824074
>Makes sense why DCG put in a big one on a highly promising privacy project few months ago.
They see the future, its just a matter of time before every crypto user understands the importance of privacy and its correlation to asset security and when that time comes only the best projects will be in high demand.

>>50826178
The exploits are fucked up really. Investors need to smarten up and take responsibility for their security

>>50824113
I see what you did, exempting XMR lol. if I'd choose my best three based on my experience
>XMR
>RAIL
>SCRT
Will be my choice.

>>50826387
Because it is.

>>50825176
Monero has been cracked? oh so someone finally got the bounty price.

>>50825785
Most people are just ignorant.

>>50825563
Railgun

>>50826443
The advent of quantum will make it more vulnerable. Security should be highly prioritized and alsoresistant to quantum threats. What do you think?

>>50826387
you either have privacy or you are compliant. you can't have both. that is ignoring the fact that zcash has a dev tax and a company behind it. also, last time i heard it's now proof of stake as well. pos is fine for smart contract platforms and not so much for money.

>>50823865
Privacy is definitely a right and users who want to keep their assets and transactions away from prying eyes would opt into efficient privacy protocols.

>>50825569
Both trash. Not even worth the mention

>>50826387
I don't think it is, but I don't likeprivacy solution. Once regulation sets in, it will be a major setback and clampdown on all.

>>50826586
>pos is fine for smart contract platforms and not so much for money.

No doubt, but there are many amazing consensus mechanisms with high BFT. That of Geeq's derived consensus mechanism, POH, makes it invulnerable to hostile actors. I like that of POR as well, used by Qanx. I believe more will evolve with time.

>>50826568
>Available on multichain(Eth,bsc and polygon)
>Frictionless
>No use of bridges(more security inclined)
>uses relayers not mixers
>Host a Private Dex
DCG chose perfectly.

So much coordinated Railgun shilling lately clearly done by outsiders. What's up with that.

>>50826387
>is a company
>has dev mining tax that go to the company
>company has ceo
>the zero knowledge they use (zk-snarks) requires secure setup
>they trash talk monero with their zero knowledge use but 1. monero does use more proven forms of zk (pedersen commitments, bulletproofs+) and 2. monero doesn't jump on the first shiny thing it sees to shill it
>zcash somehow claims both privacy and regulatory/law enforcement compliance
just like their trannies they're unstable, walking contradictions

>>50828151
The perfect most subtle way to shill monero. Nice try.

>>50822041
Crypto, as the libertarian concept of a censorship resistant form of currency, is pretty much dead

All that's left is a degenerate casino rigged by two billionaires who control the entire market with every transaction tracked and taxable.

The only thing left is Monero but on its own it cannot stand, it's only a matter of time until countries ban its use killing any demand by non-criminals so it completely rugs.

Blockchain, sure there's a ton of potential in exploitation of the technology by corporations, some of it may even improve society somewhat, but crypto? Crypto is over.

>>50828447
No need to be subtle: I am 100% Monero.

PRO-TIP: when in doubt about which privacy tech is actually reliable just look to what darknet market admins are using or avoiding. There is no better arbiter than he who has his freedom or life on the line.

>>50828464
>The only thing left is Monero
Seems you're ignorant about the host of privacy options in the space with some even being more innovative with defi integration and smart contracts.

>>50825223
Monero solves literally every problem growing out of the tornado cash sanction debacle. Fungible, untraceable, and unstoppable.

>>50825176
MONERO is the only GODD*** cryptocurrency that's used!

>>50822582
True. No other coin needed for privacy. Anything else pushed here is confirmed backdoor to Rothschilds CBs.

>>50828988
None of them matter, there's no amount of technical chicanery you can pull off to give a coin that you are legally banned from owning or trading throughout the world value

>>50829494
Monero is good but using the word ONLY is absurd and you know it.

>>50829398
Railgun is still a much more complete and upgraded version of it. Go dyor

>>50825563
Barry's project is Zcash.

>>50830122
it's a McAfee quote

>>50829494
Cringe. I get why they can't stand you XMR maxis now. You all have tunnel vision and can't even acknowledge good innovation in other privacy solutions when you see it.

>>50830465
>good innovation
XMR developers literally wrote the textbooks on cryptography and privacy my good man

>>50828151
>the zero knowledge they use (zk-snarks) requires secure setup
hasn't been true for months. Railgun and Tornado also require trusted setup but you only FUD Zcash, glowie.

>>50825895
this. if it wasn't going to succeed they'd have no reason to sanction it

>>50826576
I assume you mean quantum computing. nothing modern can be safe against quantum computers. for security against quantum, you'd need quantum security. there's nothing we can do right now.

>>50830683
There is something they are doing. For every problem, there is always a solution. The good thing is that many projects are putting this into view already through the use of solid security models.

>>50830465
>You all have tunnel vision
You won't blame their narrow, brainless way of seeing things.There are many more good, innovative privacy solutions than Monero, but Monero remains at the top of the table.

>>50830493
Oh now you're just bluffing anon. Same XMR which I read was planning to take a different road and start using ZkSNARKS as a backup plan for ring signatures?

>>50833259
the answer is a "ask jeeves" search away

>>50822594
Kek, I really doubt that cause privacy is a right to every human so the crypto space shouldn't be any different.

>>50830562
>glownigger accuses you of what he is
Heh. Zcash is literally a glownigger backdoored VC coin.

ITT: Glowniggers are butthurt everyone's on Monero and they can't trace you there so they shill whatever dubious supposedly private but compliant :^) shit there is in order to fool you into using unproven or straight up scam "projects". Not to mention you will be 1 of like 10 people total using this shit in the world so you're de-anoned from that alone.

>>50825985
Agreed. Another notable innovation I've seen is privacy protocols that integrate with smart contracts and defi to give users a wider delivery of privacy.

>>50822041
Not really
Privacy has levels and different from each other, some are auditable, while others are not.

>>50822041
If you were smart, you'd realize that Tornado Cash is ungovernable.
Whatever it is that you attached to your post clearly tells me it's the opposite in this case.

>>50825176
>can't use stablecoins or defi
We just saw what a centralized shitshow that is. Enjoying those frozen USDC?

Monero is just money, doesn't need to or even tries to be anything else.

>>50834340
Privacy protocols are simple trending as regulation threatens the crypto space. Azero, Secret Network, Railgun and the likes.

>>50835702
>Monero is just money
How is monereo money anon?

>>50835762
Lets see if your shitty ERC20 privacy tokens check any boxes.

>>50835725
Yes, because People will only understand the value of privacy when regulation sets in fully

>>50828151
>So much coordinated Railgun shilling
Agreed. Let's see how it goes once their VC funding runs out.

>>50822041
No, privacy coins are going to explode. Stuff like tornado cash acted as the layman's excuse not to use privacy coins. DEXes and Privacy Coins are the endgame alongside glowie coins. We're hitting the fork in the road where two economies form.

>>50835702
No one enjoys the centralized shitshow but the SEC and retards. let's advocate for privacy protocols.

>>50835800
>We're hitting the fork in the road where two economies form.

Good point. I am very bullish on Thorchain as they will integrate Monero and Haven.
But they might have to fork because privacy coins and centralized stablecoins are irreconcilable.

>>50835783
That's so true. But you don't actually have to wait for regulation to set in first. The privacy space is going to be huge.

>>50835847
More projects are integrating and building on Secret Network instead as they support developers.

>>50835780
No point arguing with your fucking myopic thinking, because you're only focusing on your shilly token alone
Besides, I only didn't see any smart contracts & any auditable features on the list, that means your privacy is limited, and the government will come for you soon

Any erc 20 privacy coin is rent seeking. Why would they use a shitty network like ethereum for this purpose. Other than there's more liquidity on it. True privacy autists would avoid networks that lack private transactions.

OFFSHIT
XFT
if you know you know

>>50822349
>Sanctions any CEX offering XMR
>XMR goes to 0 as nearly all meaningful liquidity disappears overnight.
I would buy XMR if this happens though and hope DEXs catch up. DEX liquidity really needs to improve to solve the CEX problem though; even buying 1 btc worth of XMR using them is nearly impossible. The UX is beyond trash as well.

>>50835850
No one will underestimate the value of privacy, because it prevents you from public spy, which leads to cyberattack

>>50835987
Shut that gutter of yours up, you don't have to call ETH shitty because of your fucking hyped coin, ETH is still a good project, but it only lacks privacy, which other projects like secret network are playing the same role ETH is playing because of it's smart contract

>>50825575
That's right. Having the option to generate verifiable records of your transactions should be available to users alone. In that way, absolute privacy can be guaranteed and in the case regulations demands record of it, user will be able to provide the details i.e transparency when it's needed.

>>50835896
>token
Retard alert.

>>50835995
Kindly stfu please sir don't tell them yet

>>50828107
They sure did. No doubt, their investment in Railgun will pay off big time in long-term! I'm looking forward to see how relevant privacy protocols will turn out to be once privacy requirement is made everyone.

>>50828151
You need to accept the fact that Monero is outdated. With the high demand for privacy solutions across multiple chains, I wonder how scalable Monero is. I'll bring out a chart to show you how limited Monero is and why you need to accept the fact that there are more complete privacy solutions in the space now

>>50830225
Are you sure about that?
Do you need a little lecture on what Digital Currency Group is?
Besides, there is nothing wrong with VCs backing more than one privacy focused projects.

>>50826532
I think it's more about awareness. Many people do not even realize that these information i.e transactions history should be confidential in the first place.

>>50835796
Kek, you probably need to tune in at DeFiCon and see the performance there. At this point, it's already showing prospects of how far it can go

>>50835783
Even before then, they will.

If the darknet ain't using your privacy tech, it ain't worth considering.

>>50836867
And it is more beneficial when you use a privacy by default blockchain with smart contract features

Nah monero still here. Polygon ID still here. privacy still here baby.

>>50835725
Threatens it? How does it do that
I believe it encourages users to exercise their right. This has to do with finance, a very sensitive issue. Without doubt, privacy shouldn't even be optional.

>>50829518
Well, you shouldn't need to swap to coin in order to anonymous. It's much better when privacy utilities are non-token gated.

>>50830225
Sure as hell that DCG staked over $10M worth of RAIL in its strategic partnership with the project.

>>50837748
Making inference out of this is absolutely retarded

>>50828107
>Plus Mobile app

>>50835290
Which of them are auditable?
I think they are all the same

>>50837526
Which one is DeFicon anon?

>>50837678
Yes, but most of them are skeptical about using privacy chain, even when they know about the security, anonymity, and it gives both in

>>50837801
Polygon?
I never heard of polygon in privacy before

>>50838423
Unlike other privacy blockchain, Secret is auditable with smart contract features (other projects are building on it)

>>50835725
Its more than the regulation, privacy is more about safety,control and management.

>>50822435
Buy at bottom is the first step in buy at bottom sell at top.

>>50835783
We dont need regulations to step in before knowing the importance of privacy, the awareness needs to keep going its a solid way to limit this recurrent exploitation of wallets and platforms to the barest minimum.

>>50835800
Privacy coin exploding is based on a lot of factors like ease of access and simplified tech features, so far just a few of these privacy protocols have features and system that are easy to use and complete.

>>50838963
I get your angle. But I'm aware of Railgun being live on the blockchain so users can have privacy on assets and transactions.

>>50839057
SCRT is a public ledger.
Its warped tokens have some kind of backdoor privacy guarantee. still are really good dex.

Smart contracts are mostly a joke today anyway, while being a big attack surface for hacks as well as privacy loss.

XMR is king. I wish there was an alternative just in case. but there is not. mostly scams

>>50836095
I dont think anyone in their right senses will underestimate the value of privacy or privacy coins, infact it might just be the bases of the mass adoption we've all been vying for since tradFi offers no form of financial privacy.

>>50822041
No, sir please by oasis rose. I need to feed my village

>>50839407
Well, It seems you're not aware of privacy protocols that integrate with smart contracts currently. The era of frequent hacks are over chad.

>>50837432
The awareness should be on the implications of exposing these information, since its a major for hackers to trace and hack your wallets. This is exactly why privacy systems are important.

>>50837801
Polygon ID is more like an identity management tool just like the ORE ID.

>>50837999
Sign me up to Railgun on this one, its the only frictionless privacy protocol I know.

>>50839963
>The era of frequent hacks are over
XD. SCRT got hacked a few moths ago. the devs did not fix it aspa because they were on a jewish holiday was the official response.

fuck you and your pajeet coins. no one who cares about privacy will use a smart contract coin over a dummy chain like XMR

Do you "my shitcoin is safe" retards realize the same would happen when they put sanctions on them?
It's a matter of time states are scared of BTC and they will ban all exchanges, what the Fuck do you think happens next?

>>50840895
The adoption of crypto as payments is increasing so I don't see exchanges going to be closed any time soon. Doesn't make sense imo.

>>50828107
>Available on multichain(Eth
Nothing is private on eth, that's the problem. You require a purpose built chain with crypto primatives supporting private tx from the start.
No worry though, we're all still ahead of the curve. You'll see that soon in the normie x cbdc arc.

>>50839407
You must be a roockie anon
Calling secret a public ledger blockchain is a proof to how daft and unwise you are about blockchain, it will be better you learn more about what you don't know.

>XMR is king. I wish there was an alternative just in case
I regard XMR as bitcoin while SCRT is the ETH of privacy, because of its smart contract
Thus, It is the alternative you are seeking for.

>>50840109
I'd say both tools are more than just identity management tools, an access point to mutichains will be the likely description in my opinion.

>>50823825
The ones that are yet to get to get the memo are just a bunch of granny shaggers. Onces regulation sets in, they will all cum at their faces as some of these rules have high taxes attached, therefore privacy protocols like Monero and secret are required to get around these unfair levies. Why should I be forced to pay these absurd taxes if the financial crisis's perpetrators may do so without suffering any repercussions?

>>50824113
Kek, seeing you fail to mention SCRT, the fast-top rising privacy gem makes you fail out of the class. Turns out that you are not as smart as I thought.