/biz/ - Business & Finance

PREVIOUS THREAD: >>50998225

START MINING IN P2POOL
>START MINING IN P2POOL
START MINING IN P2POOL
>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


>YOU CAN USE P2POOL-COMPATIBLE REMOTE NODES IF YOU DO NOT HAVE YOUR OWN LOCAL COPY OF THE BLOCKCHAIN
https://xmrvsbeast.com/p2pool/monero_nodes.html


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

*****/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.

https://anarkio.codeberg.page/agorism/

>Help grow the circular Monero economy: buy/sell goods & services with/for XMR!

https://monerica.com/
https://moneromarket.io/
https://www.reddit.com/r/moneromarket/new/
https://monero.com/marketplace
https://cryptwerk.com/pay-with/xmr/
https://acceptedhere.io/catalog/currency/xmr/

>Live off XMR with Cake Pay (currently US only)
https://cakepay.com/

>or with CoinCards (currently US & CA only, UK, EU & AUS coming soon)
https://coincards.com/


>Monero stickers for guerilla marketing
http://monerosupplies.com/


Say buh-bye to Bitcoin and support the growing number of Monero-only darknet markets/vendors

>AlphaBay
>Asur Market
>Chimera Market (recently launched, exercise caution)
>Cloud Market (recently launched, exercise caution)
>Darkmoon (recently launched, exercise caution)
>FilthyFellas
>Mellow Market (recently launched, exercise caution)
>Retro Market (recently launched, exercise caution)
Onion links: https://pst.klgrth.io/paste/8fg2g


Anonymously exchange BTC for XMR using a reputable darknet service

>Kilos
>Majestic Bank
>Elude
>Infinity Project
https://pst.klgrth.io/paste/8cunb


>Poker Club: play no-limit Texas Hold'em in real time with 2-8 players over the safety of Tor with the privacy of Monero! No user account required.
http://pokerggxmrvzecuo6afhucjwdljuve5eoavxdxdr6zedyejd6mvz5wad.onion

>XMR Poker
http://xmrpoker3icphjr7c6dgct3by44ph4xvxrds4jzwjkjh7h2owdf6icyd.onion


>Want to support further development? Donate to the Monero General Fund or MAGIC Monero Fund
https://ccs.getmonero.org/donate/
https://magicgrants.org/funds/monero/

>Have a particular set of skills? Join a Monero Workgroup and (potentially) earn XMR!!!
https://www.getmonero.org/community/workgroups/

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

>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.

https://www.youtube.com/watch?v=YQ_xWvX1n9g

>>51041973
The Jews fear XMR. Every time you buy XMR, the Jew screams in pain. The nosy Jew wanders what you have in your want -- he wants to know but he can't. Do NOT let the glow in the dark Jew what you have, stack your XMR. Jews have been kicked out of 108 countries because they're nosey little fucks.

>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

>>51042102
110 now

just bought a domain and hosting with Monero on hostmenow.org. first real transaction. feels good brahs

>>51042102

>>51042143
is there kyc? can you put fake info when u sign up for the web hosting?

>>51042153
This image is much funnier when you realize (((who))) vampires and Superman were based on.
>vampires
>weak to sunlight and silver
>superman
>weak to green(back) kryptonite, works at a newspaper

>>51042251
i put in fake information and haven't had any hiccups so far, but i'll report back if i do. didn't register with anything except an email

Reporting in
##################################
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

>>51042143

A bit unrelated but is anyone staking xai on sideshift? is it worth it?

>>51042615
>staking
check the mail anon

>>51042615
I sense that with history rhyming, shit times ahead. better to stack neros than weimar marks.

>>51042102
>The Jews fear XMR
Based

>>51042122
>Right now, at the current hashrate, miners break even on energy expenses at a BTC price of $22K
Checked.

Are these calculations still valid today?

should i even worry about buying monero completely anonymous or no? Say for instance I bought btc from whatever run of the mill KYC and traded it for XMR, couldn't someone with prying eyes estimate how much monero I had by simply looking up the price of btc on a particular date, and the amount I traded on that particular date, and just sum up all those transactions?

I've been considering just buying btc for cash at a bitcoin atm and then trading for XMR to bypass KYC that way. Am I just being too paranoid?

>>51045547
kycless atm is a good route. plenty of ways to swap for xmr. once it hits xmr its gone from those watching.

>>51045547
It’s a shame you lost your seed phrase in a doomed production of Hamlet on a cruise ship.

I need MORE MONERO

Ethereum seems like a scam from bankers and investors to just create another fiat system under their control. Is Monero the only legitimate crypto project besides Bitcoin itself?

>>51046848
yes

>>51046848
underlords swapped over

>>51046471
I really feel for you monero trannies. The earlier you know that the next bull run based on real utility the better for you

>>51042153
pol user detected fuck off back there

>>51048423
Found the Rabbi

>>51048434

/biz is not pol if you want to rammble on about shit no one cares about go back to /pol and leave the grown up to talk

>>51048434
I just filter their dictionary lmao

>>51046848
yes

I truly believe that smart contracts are the future, the possibilities of what you can accomplish are only limited by your smarts. Will monero in the future have smart contracts, or the technology it is build on wont allow it?

>>51049376
with the way smart contracts work now? no.
this anon sums it up better than I can a while ago

>>51049376
>Will monero in the future have smart contracts, or the technology it is build on wont allow it?

Smart contracts break TX uniformity and increase the attack surface which thus weakens privacy guarantees. No thanks.

>>51049439
>>51049498
well, this ruined my whole day.
Thanks for the info anyway.

No one has explained how Monero survives worldwide bans in any practical sense. Your money immediately becomes trapped inside Monero at that point, and all of the legitimate businesses you've gotten to accept XMR will rapidly stop doing so.

Why support a doomed network?

>>51049738
https://www.youtube.com/watch?v=REC5V7d3pqM&t=778s
48 minutes - 56 minutes
tl;dr. banning any cryptocurrency worldwide faces the same problem that it's like a prisoners dilemma where either everyone needs to ban the cryptocurrency or else the countries which do not ban it get an extra economic and brainpower benefit relative to the countries that do ban it.

>>51049738
You mean like how drugs are banned worldwide?

>>51049872
Have you ever tried to buy stuff on Amazon with cocaine?

>>51049908
have you ever sold cocaine and bought a gift card at a 7/11?

get on our level

>>51049738
ok lets suppose monero gets banned world wide right now, this exact moment.
There are currently some real use cases
for monero like drugs, ransomware, gamble, guns, terrorism, cp, and all sort of illegal shit you can find in the internet.
Legal products and services offered with monero as a form of payment are scarce but they exist, like VPNs. They can't get their money out of monero using centralized methods like kraken, binance, etc. that doesn't mean you can't get the money out at all, you can still sell it to people who needs it to buy product or services listed above. The worst case scenario would be having to sell monero person to person but that hardy the case. Atomic swaps are coming to save the day really soon and decentralized exchanges will do their part.
Use your imagination, if you are so negative and pessimistic about monero it is because you are not even trying to look for a way out of this fucking monetary system.

>>51049946
Yeah, sorry if I'm not enamored with the scalability of a network of behind-the-supermarket drug deals.

Isn't this supposed to be where the new financial system is being developed? You really think you're going to recruit a large percentage of the population to transact within an explicitly banned system?

Why not just use cash if your blockchain actually takes place in back alleys?

>>51050000
checked but I dont care what happens to the global financial network. I just know the world of human psychoactive prohibited substances uses Monero so I keep some monero in case I ever want to get high.

Bitcoin used to be like this, so the extrapolated idea is that maybe Monero becomes the main chain of the Internet, but it doesn't really matter. It does what it's supposed to do and is an educational tool. When someone learns about XMR they also learn about BTC, they learn about TOR, they learn about this history of drug prohibition, they learn about the martyrdom of Ross Ulbricht and maybe the long line of anarchist heroes before him.

If it's a honeypot or if it doesn't explicitly work as it's advertised, it sure has a funny way of spreading an anti-state education to people who pretty much just want to smoke weed in Nebraska or whatever.

One of the last interesting corners of technology in the increasingly state run digital hellscape in my opinion.

"le new financial reality" is a marketing meme. All this stuff is just code. People are attributing real world dollar values to the code but the code doesn't have an agenda, it's just code bro.

>>51041973
I like monero-chan.

>>51049738
>No one has explained how x survives worldwide bans in any practical sense.

People will just find ways of trading x for y to exchange for dollars.

>>51050000
Whew checked
>Why not just use cash if your blockchain actually takes place in back alleys?

Because cash gets banned, seized, and demonetized in today's world. Monero can survive these things since the network operates independently of any central authority, but cash can't.

>>51050102
I also like monerochan

>>51050000
Nobody here cares about the globohomo financial system. We just want private digital money.

>>51042143
you plannng a business or just domain squatting? was it anonymous? i thought buying domains require you to register with ICANN your actual name and address

>>51049376
>>51049439
>>51049498
there is literally a privacy coin that specifically has the sole purpose to do private smart contracts

Is it just me or is /biz/ 10x more comfy now in the bear market? The quality of threads seems to be far better than the dogtales months ago lol.

>>51049872
but people dont use drugs to trade for most goods and services. the liquidity market for drugs is acually pretty low, despite your pedantic memes its not easy or low risk to convert 1 pound of drugs into the daily groceries and gas you use in daily life.

with monero bans the issue will be adoption, if the masses dont adopt it, then you will never really have a use for it other than random secretive illegal transactions that are risky to your freedom and health.

>muh security
>muh anonymity
>just use localmonero!
ok faggot, have you ever heard of a sting? what do you think is going to happen when the nationstate starts cracking down and sends the undercovers to sell or buy some monero from you in those listings?

>>51048423
Fuck you cocksucker Monero funds the Daily Stormer, the most censored publication in history, which is pretty god damn cool if you ask me.

>>51051690
i keep hearing anons say this, but imho /biz/ is fucking awful during bear market. there is nothing to talk about and there are like 1000 smug bears shitting the catalog. even pajeet inu coin spam is more funny

>>51049439
Great copypasta here.

>>51051659
>there is literally a privacy coin that specifically has the sole purpose to do private smart contracts

Same principles apply, you can't enable smart contracting without making trade-offs.

>>51051707
>with monero bans the issue will be adoption, if the masses dont adopt it,

there will NO mass adoption of crypto, period. CBDC Fedcoins will be granted a monopoly in the mainstream economy so that leaves ONLY the multi-trillion dollar shadow economy, which Monero has already endeared itself to.

>>51051707
>fudding monero
that's funny the nsa loves it lmao

>>51042122
Break-even price varies greatly depending on the location of the miner. Whatever you're paying in electric there is someone that is paying less per kwh. Miners with more expensive electric will drop out as rewards decrease. But this also leads to the difficulty decreasing and leading to greater profits for the miners in the money.

It's clear at this point that btc long term security is based on the fee market. During the last year it wasnt uncommon for the transfer fees to make up 20-30% of the block reward with some blocks making more from the fees than the coinbase reward.

BTC has its issues, but network security isn't one of them.

>>51049376
As I see it Monero has the potential to offer "Privacy as a Service" with atomic swaps. Imagine the following.

You get paid ETH from a smart contract from your employer. Your wallet automatically arranges an ETH <----> XMR atomic swap. Then you can either keep the XMR, swap back into ETH, or hedge your position with private stablecoins (you could peg this to almost any asset theoretically). All of this would happen "behind the scenes" requiring you to just state your preferences during setup.

possible exit scam in progress with majestic bank

>>51047831
That's more reason I picked Holoride ahead of other projects

>0.0072
I hope we can get to 0.01 by the end of bear.
Once bull starts it's going to go to shit again.

>>51041973
If you're using the GUI miner do you need to do anything to sign up for the mining raffle?
Asking for a friend.

>>51052761
Wouldn't surprise me, a lot of people seem to have trouble with them and they delete comments of people complaining from dread all the time.

>>51051707
Are you retarded? Anon made a post about how if
>>51053058
Yes you need to port forward your p2pool port so the raffle can mine to your pool.

>>51053815
Thanks for the response
I have to say the XMR community is one of the most helpful, and the GUI wallet is the most user friendly experience I've seen among all crypto wallets

Morning, frens.

>>51041973
>This clause is to allow us to request ID verification in instances where there are clear reports of fraud and stolen bank accounts and similar instances. For example, if a trader reports to us that they've received a trade request and the buyer is paying from a 87 year old woman's bank account.
>We don't conduct ID verification in any instance where there isn't a report and evidence that some form of fraud or scam is being committed.
What is this?
What's with monero being untraceable if anyone who makes trade with you can trace your age thru your ID?

>>51049439
As a caveat, there's another set of computers who hate each other that need to synchronize data because they hate the centralized ledgers even more: securities traders. Smart contracts on a blockchain are fucking magically efficient and transparent compared to the bullshit of the current system, and all trades are public by law anyways so there's no need for a privacy layer. Ethereum isn't money, it's the settlement layer for digital asset transfers (XRP not needed kek). Monero is fungible, private cash, not a security or any other sort of tagged asset, and so it logically needs to be a separate system.

>>51051628
>i thought buying domains require you to register with ICANN your actual name and address
There are services out there that will register a domain name for you using their contact details.

>>51051724
I just stay here in /xmr/ for the most part anyway. The rest of /biz/ just don't exist for me unless I click "Catalog".
>feeling lazy at work
>open /xmr/ bookmark
>post
>close 4chainz

>>51054940
can those services be trusted to not have little faggot SJWs who will leak or dox you for your "racist nazi" website?

>>51054955
I don't know anon. I haven't tried them yet. I just know they exist. I'll let you know if I ever get one.

>>51050000
>Why not just use cash if your blockchain actually takes place in back alleys?
nobody has any idea how scarce cash really is. everyone can audit supply of monero. it just makes more sense to use monero. you might not be able to buy a house with it but you will certainly be able to buy stuff on the gray market if we go full 1984.

>>51052606
This sounds like a great idea. But this would eliminate a good portion of the "financial services" sector. Therefore, I don't think this will ever happen.

>>51054969
asking because i want to make a news site but dont want to be canceled just because i was posting true stories that make trannies look bad

>>51055005
>posting true stories that make trannies look bad
Hm. Sucks I can't be of much help right now. I would like to see that kind of news site bear fruit though. Just post a link here when it's up and I'll visit it.

>>51055005
Daily Stormer has all the news I need. Unironically the best news site.

>>51042252
Who is she? I want to buy her and breed beautiful babies.

>>51055221
Why put her by a fat guy? He gonna bone her?

>>51055537
He is not fat. That's what peak performance looks like.

>>51055537
The average Monero owner's body is based on Sacred Geometry. The shitcoin male is troubled and confused when he witnesses a geometrically perfect man anatomically modelled after golden ratios

>>51055663
kek.

>>51041973
monero is cute and funny

>>51055978
You mean Monerochan, right?

>>51055978
>It's called a pedersen commitment. I'll show you later

You are showing the kids how this all works, right anon?

>>51041973
>Non KYC:
>Kucoin
STOP SHILLING KUCOIN
THEY WILL STEAL YOUR XMRS AND DEMAND FIAT ONRAMP RECEIPTS

>>51055663
He has quite the bubble butt on him. I’m white, but I’m very obsessed with women who got big fat bubble butts. It looks awful on a fat balding man though.
And… wtf did you just call the average monero owner? Fat, balding, bubble butted and gyno from excess fat boy estrogen production? Suck my dick!

>>51054908
>there's another set of computers who hate each other that need to synchronize data because they hate the centralized ledgers even more: securities traders. Smart contracts on a blockchain are fucking magically efficient and transparent compared to the bullshit of the current system
QRD? I've never heard about this and it sounds fascinating.
I always thought traders/funds were extremely insular and always built all their tech in-house behind five NDAs. And just communicated the orders directly to the central exchanges. (In the case of HFTs, often using even their own in-house physical network links as opposed to the pleb public backbone network.)

>>51051628
not planning a business, just a personal website/experimenting. i'm not sure how far you could push it if you tried to make it a business. when i whois the website i see the fake information i entered. i have heard that the only way to truly anonymously buy and use a domain is for a real person somewhere to buy it for you, using their real address, and then get you the login information securely in exchange for Monero; the big drawback of this being they ultimately have legal ownership of the domain and can use their identity to seize it from you. but i don't have the technical knowledge to say this is the case.

https://www.youtube.com/watch?v=ax-2N8xR1vg

>>51056665
The problem is the structure of the exchanges themselves and how nobody but one fucking company actually owns stocks in the US market without going through a multi day withdrawal process. It's the mother of all CEX problems, Binance to the tenth power, complete with fractional reserve shares, leverage fuckery, front running, and naked shorting open to the market makers and the people who run the exchanges.

This all got exposed through GameStop, believe it or not.

>>51054082
morning

>>51057181

Based and ravepilled.

>>51057181

>>51055537
>>51056622
>doesn't know bloatman
the absolute state of newfags

>>51056699
>double freaky checked
https://www.youtube.com/watch?v=g7EO6x8B8yI

Do you think monerochan will ever become monerosan?

>>51058573
No. Fuck no. No tranny bs. Fuck you for even mentioning it.

>>51058731
>doesn't understand honorifics
Anon, I...

>>51059171
So wtf is "honorflics"?

>>51059453
*honorifics.

>>51056782
and the sec still is on "muh crypto is a security", while a shitton of amc ape synthetics are trading. gresham's law along with cantillon effect makes xmr the happy little oasis for good money.
https://youtu.be/_KWLn9vQZv0

HEY, WHERE CAN I BUY DURGAS?

>>51032652
The solution is to make Monero more popular. This is entirely a market cap and security budget issue.
Making Monero more popular will raise its market cap -> raise its value -> raise its mining reward -> raise its security budget -> require more money to attack it. If Monero came anywhere close to Bitcoin or even just top 10, I think attacking it would become vastly more unfeasible even by governments.

>>51051707
>>51051948

> there will NO mass adoption of crypto, period

Exactly. Cryptocurrencies will either be forced to bend to regulatory compliance and control, effectively becoming a CBDC, or be banned and pushed underground. There's no in-between. It's a direct threat to one of the main pillars of state power. They aren't just going to say "oh well I guess we have to surrender our control now".

They will not allow any form of cryptocurrency to exist unless they can track, control, and centralize it. They've only tolerated transparent chains so far because they've been largely successful in KYC-tagging everything, and leveraging chain analysis. But now since usage keeps growing, there are more and more restrictions being forced onto even the "compliant" projects.

>>51049498
I rather have a separate smart contract platform. Ethereum only makes sense to me in a world where I can freely swap it with Monero. Not as money mind you, but as a financial products platform. Furthermore I don't see Binance Chain as much worse in that context, in fact it may be better because it doesn't even pretend (and charge exorbitant fees for it).

>>51049738
>legitimate business
Ah, this mythical legitimate business. If you so care about legitimacy IRL, why even bother with crypto? Just use bank payments or Paypal.
What is legitimate anywhay? Is a street shop that accepts monero/cash to not account for taxes legitimate? (As I've done business with a couple days ago) Is some website that sells stuff legitimate? Monero is internet-native money. Is BitTorrent legitimate? Well I use it. Am I legitimate? What about giant corporations, executives of which get away with plenty or on supposedly illegal shit? How legitimate is Deutche Bank? World isn't as system-autist black and white as you imagine it is.

>>51050000
>Isn't this supposed to be where the new financial system is being developed?
Monero is internet-native self hostable money protocol. A new financial system may come from it, the same way internet itself revolutionized things, but shilling that onto itself is hypebro moonshit.
>Why not just use cash if your blockchain actually takes place in back alleys?
Cash & gold works in IRL alleyways, but what about cyber alleyways? Monero takes care of that. Cashing in and out can (and should) also be done on those alleyways. You people got too used to CEX compliance bullshit. Being compliant to the old system is not what made Bitcoin a thing, quite the opposite.
I've bought hosting, VPN, 4chan Pass all with, or by swapping through Monero. It's just me and a website on the internet. Cyberspace has a certain independence onto itself, where rules are based on computer code and code of law has no real jurisdiction (otherwise I'd be in jail).

>>51041973
Can someone give me a rundown of what happened to tornado.cash? The articles I've read make it sound like tornado.cash is some building somewhere that the government shut down, and I know that a dev got arrested in another country and the same git repository that was busy bitching about "master" and "whitelist" and doing SJW bullshit deleted their repo or something.

What happened, and what's the risk to something like Monero?

oh shit

>>51061412

THE RETURN OF THE KING

>>51055978
With Monero you can acquire a daughter on darkweb, *and* her generational wealth!

Seems we're losing potential P2Pool miners due to poor documentation and difficulty getting things configured.

https://www.reddit.com/r/Monero/comments/wtz7od/has_decentralization_efforts_and_p2pool/il7ilhs/

We need a qualified minerchad to make a CCS proposal for an ELI5 step-by-step P2Pool tutorial.

>>51061412
Bullish for the resistance

>>51061910
Between this and the CIA doc release on Hitler a few years back, Central and South America are holding all kinds of pleasant surprises.

>>51061399
OFAC (the part of the Department of the Treasury responsible for issuing sanctions like the kind against Russia) sanctioned Tornado Cash. As a result, no American is legally allowed to interact with the service.

As much as this space LARPs about being revolutionary, most major cryptos immediately fell in line and would not allow Tornado Cash to interact with the protocols in any way. See AAVE.

The threat to Monero (really, a certainty) is that OFAC will also sanction it. Meaning it will immediately become socially blacklisted by every reputable business.

The idiots in these threads refuse to accept that this will have a massive effect on Monero, and instead basically just pretend that they don't care that their XMR will be trapped within their network of criminals and nobody will be legally allowed to accept it anymore.

It's OK though because everyone in the world will turn into a revolutionary overnight and start using XMR despite the sanction, because reasons.

>>51062134
https://www.youtube.com/watch?v=kLWvu51Vk4E

>>51061545
bump

>>51062134
>every reputable business.

We are not going to need "reputable businesses" where we're going. These same "reputable businesses" like CocaCola working with paramilitary thugs to murder Sinaltrinal union workers in Colombia.

>>51062134
>It's OK though because everyone in the world will turn into a revolutionary overnight and start using XMR despite the sanction, because reasons.

There aren't many people who think monero will get "mass adoption" or anything like that. And the people who do think that are faggots. Besides a few speculators getting rekt, monero will continue in it's niche if it gets banned. Monero is the honey badger of crypto and it would take a more serious attack to take it down.

>>51062134
Good thing monero has been preparing for this scenario from day 1 unlike tornado cash.
Crypto is never getting mass adoption anyway so it's not monero only issue.
The markets that NEED crypto will chose monero over competition(they already do) which is good enough.

>>51061545
p2pool is simply not viable for anyone who is commercially mining already
low payout threshhold is great for retail, it's a tax nightmare for volume -- hundreds/thousands of events/day
i run 50 GPUs so I would classify myself as medium-residential but what we really need is a youtube video showing HiveOS integration
all of my monero mining rigs are GPU rigs first, that just happen to have 3900x or 5900x that can CPU mine
follow the money

>>51055537
He might bone her but most importantly he will MOG her!

P2pool 3rd largest pool on Monero by hashrate right now. Let's enjoy this ride.

>>51062833
>Good thing monero has been preparing for this scenario from day 1 unlike tornado cash.
How?

>>51062739
>There aren't many people who think monero will get "mass adoption" or anything like that
Don't know what you call "mass adoption" but under my own definition I think it will

if monero is private, how can one verify the transaction went through?
also, how is it possible to know the marketcap if even the amounts are hidden?

>>51063433
>if monero is private, how can one verify the transaction went through?
when you do a transaction, you perform a diffie hellman key exchange with the public key of the receiver to generate a one time address (this one time address public key will be what is actually on the blockchain, that is on top of that hidden in a ring signatures with many other previous outputs), where only the receiver will be able to claim/use that txo because only him (not even you, the sender) can derive the private key of that one time address
>also, how is it possible to know the marketcap if even the amounts are hidden?
you know all the subsequent block rewards from the genesis block + all the fees are written in clear, on top of that even though the amount are cryptographically obfuscated, we can still know that the commitments are in a certain range (so they "checks out"/are valid)

>>51064824

>>51055005
You may want to become an editor/writer for a site that's already established before committing to your own, anon. Even if you don't get fucked by the bureaucracy, you might have some hot shot (or group thereof) decide to try and DDoS you, spam your email, etc.

>>51041973
I love fucking females with feminine dicks (I'm not gay) and I hold triple digits worth of XMR. Make of it what you will.

Hmmm the OP image makes me feel uncomfortable and for that reason I am out.

>>51066843
y u wypipo gotta be so fragile?

>>51066843
>Hmmm the OP image makes me feel uncomfortable and for that reason I am out.

>>51066632

>>51062134
>The threat to Monero (really, a certainty) is that OFAC will also sanction it.
This isn't a threat because monero is not a service

>>51066843
Look all markets can't matter until black markets matter. Do you hate freedom or something?

>>51065732
You're a faggot but a smart faggot y'know like Freddie Mercury.

>>51041973
can a nigga have a source code for silent miner to infect my uni computer lab ?

>>51067393

https://github.com/tevador/RandomX#does-randomx-facilitate-botnetsmalware-mining-or-web-mining

Cameras will find out that you're burning electricity to make $0.02 on shitty machines

>>51067393
>uni
setup a mining rig somewhere and drink off the uni juice. campus housing perhaps?

>>51059453
>>51056622
>>51066843
it sure is summer

>>51066957
All laws that regulate firearms are in blatant violation of the 2nd Amendment, yet those are followed despite being null according to the Constitution. It could still happen if you get some asshats with egos who think they're doing "what's right", although I really hope that doesn't happen

>>51067393
That's a kinda serious crime that can be pointed back at you. Theoretically you could try using public WiFi to infect people's downloads and/or inject a web-based miner into their webpages? It might require SSL injection and disabling compression so that you can see what's going on, but Ettercap can manage both of those with the correct setup and you can stay relatively anonymous since most people won't be filing any reports and you can spoof your MAC address.
>disclaimer, this is also illegal and I haven't tested this on my LAN since ~2016 so details may have changed slightly

How do I get from XXX to XXXX

>>51063278
Cpu only mining, swaps, tor nodes etc.
It's decentralized by design, you can always swap your "nono" xmr for something that isn't banned and people that need xmr can get it without getting caught.
US can scream that xmr is bad but in the end it doesn't mean shit if xmr is the only way to buy things in minecraft.

Morning, frens.
Imagine meming ArticMine to be a guest on The Lex Friedman podcast. That would be awesome.
>inb4 kike.

>>51060775
Good post anon

>>51062101
are those docs still online?

>>51042102
Updated pasta:

The Jews fear XMR. Every time you buy XMR, the Jew screams in pain. The nosy Jew wants to know your wallet amount but he can't. Stand against the glowie Jew, stack your XMR.

Jews have been kicked out of 110 countries because they're slimely subversive little fucks. Sam Bankman-Fried (born March 6, 1992) is such a Jew that steals funds from his customers. He also has a gay muslim boyfriend.

>>51070476
>>51042102
Unironically cringe. And I am an Antisemite.

>>51070476
This >>51070550
Fuck off with your pol bullshit

>>51059453
Consider it your lucky day, summerfag.

>>51070711
Well, I don't what a genderswapped trannyfied Monerochan. I is that too much to ask?

what did they mean by this?

>>51041973
Mesdames et Messieurs!
BEHOLD A NEW GEM FOR XMRCHAN!
IS IT OGREE?

MAY I PRESENT TO YOU.. A NEW AND DASHING BUG.. STRAIGHT OUTTA ZOOKO'S BUTTHOLE...

MONERO HAS AN EMERGENT BACKDOOR!

>>51063433
>if monero is private, how can one verify the transaction went through?
You mean to prove someone that you paid? Your wallet can generate a transaction proof for that transaction. And you give that proof to him. I don't remember how it is on the official GUI wallet but on Feather Wallet there are 3 types of proofs you can generate:
- Prove that a transaction ID involves you without revealing anything else.
- Prove that a transaction ID involves you and you paid this much to this address.
- Prove that a transaction ID involves you and you received this much to this address.
If you mean just knowing if it's on the blockchain, the wallet can decode which transactions involve you of course.
>also, how is it possible to know the marketcap if even the amounts are hidden?
The total supply so far mined is known. The amounts of coinbase transactions (block rewards) are public so you can add those up to find the total supply.
market_cap = total_mined_supply * monero_price

>>51063433
That's the catch. Nobody really knows how much XMR are in circulation.

>>51071364
i do nigger

>>51071364
I know and I will not tell you, nigger.

>>51068604
you buy (XXXX - XXX)

>>51068604

p2pool is like getting showered in cash but with the bills of smallest denomination

>>51072514
$0.001 bills lmao

>>51070811
Did you have a stroke?

>>51068978
>Us scream
They actually seem kinda neutral or refuse to give it airtime. It's just on this website XMR is demonized. The media hasn't talked about it in agwile or they refuse to acknowledge it.

>>51071441
>>51071517
>muh nigger
See, they don't have any counterarguments.

>>51041973
fuck you for appropriating for BLM name/logo

>>51068978
>you can always swap your "nono" xmr for something that isn't banned and people that need xmr can get it without getting caught.
Where? How do you know these touch points won't be shut down or decide to stop operations after the ban?

>>51071071
They meant "Always keep a cold spare backup" Very unfortunate, hope they can recover it all.

>>51073323
Shut up, nigger. DYOR. No spoonfeeding here, you dumbcunt.

>>51073437
I serged out bc of 3dpd tranny looking spic chick dearing to cosplay as my beloved Monerochan. "Black Markets Matter" is pretty funny and smart.

https://yts.mx/movies/running-with-the-devil-the-wild-world-of-john-mcafee-2022

https://www.youtube.com/watch?v=k-HdGnzYdFQ

moneromarket.io

Start using XMR for legal good transactions

>>51041973
Monero: Sound Money, Safe Mode was good listening. Sticking with silber though because it is an essential tech commodity.

haveno?
atomic swaps?
any new developments?
i havent been around for a while

>>51075074
We just hard forked.

>haveno

Yeah... About that...

>>51073469
>Where?
The internet?
As long as it's profitable and you can't get caught unless your OPSEC is really bad, people will host swaps.
It's like selling weed without the risk from going to the streets.
>>51075074
Haveno backend recently had some news about test net. The GUI is... yeah.

>>51072860
>Us scream
>They actually seem kinda neutral or refuse to give it airtime. It's just on this website XMR is demonized.
This website is run by feds.

>>51074830
Monerujo is based.

>>51071071
>>51073566
it's so fucking easy to make a cron job pipe out your data to another server over SSH even hourly I do not understand why people lose data beyond a day, especially for just text which can be stored so cheaply

>>51075074
Live AMA with the lead dev for eth<>xmr atomic swaps

https://www.reddit.com/r/CryptoCurrency_Tech/comments/wwkb4x/im_noot_the_lead_developer_on_the_ethxmr_atomic

>>51076918

>>51076914
People are retards about data storage. They don't even understand that hard drives CAN fail in most cases.

>>51076918
This is a good link, and they immediately discuss why the complaints about Tornadocash don't apply to Monero. That's excellent.

>>51075846
>Monerujo is based.
indeed

I am a retarded newfag. Can I have a single XMR wallet on my phone and on my PC? Thinking of using Monerujo on Android, Monero-GUI (windows x64) on my flashdrive so I can use it between laptops/desktop, and connect to a remote node specifically the P2Pool compatible ones on stated here >>51042034
I might buy a 120gb SSD just for the Monero node but I'm poor.

>>51070476

>>51079914
Yes, you can have a "single" wallet on your phone and PC. You just need to use the same wallet seed to access it.

>>51079914
>Can I have a single XMR wallet on my phone and on my PC?
wallets can share the same seed. not a good idea to carry one's stack on their phone.

>>51080006
Thanks
>>51080009
Huh, that is true. I guess I'll stick with the portable flash drive.

Would going to 2 or 3 RAID-Z2 HDD vdevs be enough to have network sync and wallet scans faster than with one vdev or should I have blockchain data on SSD?

Is there no LTC wallet quickly and easily set up like Metamask for ETH? Even Monero has different browser wallets.

There have been a number of competitors who have attempted to steal the mantle from ethereum typically by proclaiming lower fees, higher speeds, greater security or increased decentralization but not with one or more serious trade-offs. Syscon's Network Enhanced Virtual Machine (NEVM) promises all of the above but without the constellations.

>>51078592
Yes good soundbyte

Cant wait to buy back in at 60$

I restarted a node a few hours ago that was offline for 2 months. I'm confused by sync progress in logs. What's the first percentage (97) and what's the second (10% of total synced)? I see monero process doing mostly reads, is the "total synced" an indicator of how much of existing data it read? Does it need to read entire blockchain I have to verify it or some other purpose?

>>51073437
You need to go back.

>>51081897
posting your own comments is cringe, bawdy

>>51081063
I use exodus to hodl ltc to send to a swapper.

>>51081029
Put chain data on SSD. Even on RAID10 without the ~50% ZFS penalty it still takes over a day to sync a chain.

>>51081365
>implying we give a shit about eth
syscorn is a spam word, jeet

bump

>>51082772
That isn't me you stupid dumb nigger, I am posting here all the time I do that for the scrolling nonposters

>>51082069
One is for the data simply being downloaded. The second is the data being validated as legit.

>>51080074
be based and put it on tails

Just curious as to what the issues are with Firo? My gut tells me it must be shit but I don't really know what is actually wrong with it.

>>51056622
https://youtu.be/1LsIQr_4iSY
this video terrifies the ztranny. they know what we can do when we're angry.

Morning, frens.

>>51084498
Trusted setup

>>51086672
Morning!

https://youtu.be/_rN1km_GD-c

>>51073323
>See, they don't have any counterarguments.
>they
Who is this "they"? Are you referring to us while not referring to yourself? And if so, then what does that make (((you))).

>>51088425
good mix

>>51070476
You are missing quite a few.
>protip: antisemitism is logical
https://www.docdroid.net/BZHplSm/the-complete-list-of-the-1030-jewish-expulsions-in-human-history-pdf

Hypothetical question:
>have non-KYC XMR in cold wallet
>have KYC XMR in CEX
>transfer KYC XMR to cold wallet with non-KYC XMR
>tax season
>report KYC XMR to IRS
>IRS asks for some sort of proof my KYC XMR is in personal cold wallet
Could the IRS discover there is non-KYC XMR in that cold wallet?

>>51090201
Wait, you have to tell IRS about XMR you purchase?

>>51090687
Did you not file taxes in the last 2 years? Are you a child or a foreigner?

>>51090054
>>>/pol/

>>51090751
Wow, that's sad. Is there more you need to fill (like amounts) or is it just to mark you as a cryptocurrency user? Either way, sad.
Here you just need to report profits from selling cryptocurrencies, not the fact you received some.

>>51090812
Yep. The IRS currently expects you to report everything you acquire (bought, mined, were gifted or paid, etc.), traded, sold, or spent. It's kind of treated like stocks. They want to know the price action so they can tax it.

>>51090751
They never asked me.

dev giving lecture on Monero and Seraphis tx protocol
https://youtu.be/XbMLK-aarKU?t=99

>>51091170
They never asked you what? Did you just select that checkbox, but never provide any trade history information? If so, then you fucked up. You might not have got caught yet, but the IRS are niggers who will contact you years after the fact and send you a bill, plus daily compounding penalties.

t. goyim who accidentally didn't report a stock trade and got sent a $15k bill years later

>>51091712
I mean that question has simply never once appeared on any of my tax forms ever. I've heard about it, I still expect it every year, I still never get asked that question.

>>51091765
Oh, hahahaha. Where do you get your magical Form 1040 from? It's literally on the front page, immediately after your basic contact info, and is the very first question about your finances.

>>51090201
>>51090751
>>51091840

>>51091840
Listen man, I just get paperwork from my employer every year and then punch my info into some data harvesting goyim farm online tax prep service and they handle it for me. None of them have ever asked me that question. I don't pay attention to this shit because I've abandoned all hope of seeing any of that tax money ever again, in social security or in public works. It's just a recurring ransom payment to me at this point.

>>51091883
It's funny and all if you bought non-KYC, then yes, you can thumb your nose at the IRS all day and laugh about it. But CEXs send records to the IRS each year, same as stock brokers, and if the IRS discovers you bought crypto or stock and you didn't report it, then they will contact you by mail with a bill that grossly overestimates what you owe, plus a fine, plus a daily compounding penalty that doesn't stop until you respond with your records in full, proving what you owe (likely much less than they claim) and a check that pays that amount plus the penalties.

So, my question remains:
>IRS asks for some sort of proof my KYC XMR is in personal cold wallet
>Could the IRS discover there is non-KYC XMR in that cold wallet?

>>51091981
>uses an electronic tax service like eceryone else
>claims his Form 1040 is special and doesn't ask about crypto
I'm beginning to suspect your a fed desu. Even if you went and got a paper copy of a Form 1040 it would have this question. Form 1040 isn't a unique form made for each person. It's the same form for every single American. You can login to your Turbo Tax or whatever you used, pull up your tax return for the last 2 years and see it. You either lied to the IRS and selected no or your lying to us. Idk if you lied to the IRS, if your crypto is non-KYC then they can go fuck themselves, but if any of your crypto was KYC, then you have given the IRS (with 80k new faggots) a reason to fuck you in the ass.

I don't care if people find ways to skirt taxes, more power to you, but it always amazes me how many anons on /biz/ straight up don't know what is required of them each tax season and will deny it, even in the face of evidence. Makes me suspect many anons are underage b& and just talking out their ass.

>>51091883
>>51090201
>>51090751
>>51091840
If all youve done is bought you should answer No in 1040 nignogs

> https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

>>51092083
Simply purchasing Monero is not a taxable event. You are way overthinking this.

>>51077197
She is such a good programmer, are you sure she is not a tranny? ( or has a female penis?)
> inb4 adams apple
It can be surgically shaved snickers

>>51092130
>>51092169
Cool. Thanks for the grown up answers. I had read mixed things about reportable events. Some sources used to say you had to report even just purchases, but it looks like the IRS has now clarified that you don't. Thanks!

>>51090758
>>>/trash/

>>51092083
>"I have never seen this question on my taxes, I know about it, I expect it, I just don't see it"
>I'm beginning to suspect your a fed desu
Maybe it's time to have a talk with a mental health professional.

>>51092328
>Anon, is Form 1040 that doesn't ask about crypto in the room with us now?

>>51092130
What is real currency? Paper money?

>>51092083
> if the IRS discovers you bought crypto or stock and you didn't report it

? You have to report when you make dollars selling crypto. This counts any time you exchange it for something too, as that's assumed to be priced in dollars. If you buy crypto, you definitely don't need to report that.

The IRS cares that you pay taxes on profits. That's it, that's all.

>>51092169
>>51091883
>If you only bought cryptocurrency with U.S. dollars, you can answer No.
Why? What's the point of this question then, why not omit "receive" from it? Or does it mean that receiving isn't buying, and buying makes your IRS happy because it's somehow taxed already?

>>51093348
Yeah, it's definitely not worded well. I guess by "receive" they mean it was given to you as either payment, donation, or mining (and they want you to pay taxes on it). Thank God we don't have to report every single purchase though. That'd be such a headache. However, if you trade for another crypto, spend it on something, or sell it, then you will have to have to produce the records that show what you paid when you bought into it, that way they know what capital gains rate to tax you (did you make a profit or lose money?). At least, that's my understanding.

>>51073909
Nice. If you're seeding, could you also share it on soulseek?

>>51090758

enough with the chit chat. i want price predictions for next years

>>51096379
My prediction is that by 1-1-2024 1xmr =1xmr

good infographic from recent article

>>51092292

>>51087131
firo moved away from a trusted setup three years ago.

>>51094880
It is just a link.

if i buy this on binance and withdraw it to my local wallet, is it enough to hide where it went or should i send it again to another wallet?

WTF is going on with the CAPTCHA? Its stopped working on 4chan-X all of a sudden. Updated it but keep getting pic related.

Cookies are enabled, always have been. Cleared em just in case, no luck. What do?

>>51097183
yes its is enough, but only if they allow you to withdraw it that is.

>>51097351
also been getting this. Had it keep queueing up captchas at one point and I had 3 blank captcha fields with an actual captcha at the bottom. Still let me post when I filled it out though.

>>51041973
Sorry but firn protocol makes monero worthless garbage, sad!!

>51097451
poopy for a rupee

>>51096606
wouldn't the only way they could quantify that is through seized markets and occasional vendor busts? if so, they are missing a massive portion of that "cumulative value". also, WHM et. al were the main marketplaces not this hydra shit

>>51097443

Thanks, seem to have fixed it by reenabling cookies for 4channel.org.

>>51097714
hydra was bigger than all english DNMs combined, and it used exclusively bitcoin up until it was shutdown in april.

currently there is a race to replace the darknet market in russia, and instead of one market, it seems there will be multiple hostile competitors. and in that case theres a high chance that russian darknet markets will need a more anonymous means of payment like XMR instead of BTC

https://itwire.com/guest-articles/company-news/release-the-kraken-the-battle-for-the-russian-language-darknet.html

I know a network that is on the top with one of the most promising networks.
By combining ETH + BTC and ZKRollups, their chain is secure, decentralized and super scalable.

Hello XMR chads
I am an XRP maxi, but I do hold a little XMR to play that side

I bought a little XMR a while back, I installed the GNU Monero wallet, and connected it with my Ledger
I know this sounds stupid, but I actually forgot the login password to this account

I assume, that the assets are not lost, because I can use my ledger seedphrase (masterkey)
Cba doing it now, I just need to know its accessable

>TLDR:
>has stored xmr on ledger
>forgot password to GNU monero wallet
>masterpassword from my ledger is enough to retrieve funds
>yes/no?

>>51099969
You’re fine so long as you have your seed. Just import your seed and it’ll ask you to setup a new password for that wallet.

>>51096715
You can't "move away" from a trusted setup as any coins secretly minted from a comped private key would still exist and still be undetectable.

It is the exact same scenario with Zcash.

>>51051707
Is this footage real?

>>51096715
"We used to be able to mint infinity coins in secret and keep them forever. Now we no longer can."

>ok cool but what if someone used a key to mint a zillion coins in secret before that feature got removed?

"We'll just never address that and make it sound like we aren't using that blockchain anymore somehow with clever wording in our FAQ. Trusted setup was a great idea when we did it, but then it was a bad idea and now we pretend that any zerocoin or zcoin or whatever may or may not have been created entirely in secret isn't just firo and ready to be spent"

>>51102239
You have to be so far up the communities ass to even get that whole thing.

11/10 amazing

>>51079914
>I might buy a 120gb SSD just for the Monero node but I'm poor.
blockchain is like 140gb right now

Sideshift vs Fixedfloat. Which should I stick to?

>>51103254

Niggas be pruning

THE MONERO MOON (ISSUE 56) IS OUT NOW!

Grab a coffee or a beer and kick back for a read.

Like, share, subscribe, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://www.themoneromoon.com/p/the-monero-moon-issue-56

>>51097351
>>51097443
>>51097731
It's 4chan new countermeasure against bot spam.
Sadly, it also mean more cloudflare tracking on top of breaking many things including archives.

>>51099969
>>51100075
This is a little trickier. You might not be able to use Ledger seed in Monero GUI, because Ledger converts the seed somehow, to make it suitable for Monero. Now there are tools to convert that.

>>51099969
The way to retrieve funds is to create a new wallet. Just name it differently., If you use Monero GUI, there is an exit button, so click Exit, and create it as if you create new wallet. It'll only have to sync from the beginning, so make sure your blockheight is correct.

>>51099969
>>51105334
This is the tool probably https://github.com/LedgerHQ/app-monero/tree/master/tools/python

Always be careful with your seed. I always worry for others.

>>51105334
>>51105369
>>51099969

TLDR:
Yes. Just keep that in mind. Also don't use random tools to convert the seed. And use offline only.

>>51104990
holy SHIT bros...

>THE MONERO MOON (ISSUE 56) IS OUT NOW!

>>51105190
So you're saying that 4chinz is filled with bots?

>>51105616
beep boop beeb bloop i am a bot. joe biden won a historic victory in our free and fair elections, lets all stop and give him praise for his strong leadership so far!

how come I can't buy XMR on binance?

in australia btw. did we get cucked. i only bought like 1 month ago

>>51106027
(\._.)\

Monero, the only useful crypto.

>>51106061
Australia is cucked. I'm sorry, but your government is a nightmare.

>>51106344
>>51106061
https://www.reddit.com/r/Monero/comments/tm08ai/which_exchange_will_let_me_buy_xmr_in_australia/

>>51106344
don't buy on centralised exchanges, you don't want the ATO and your bank to know. Binance will gladly hand all your records to govt, in fact I'm confident they have a direct feed to the ATO to simplify the process.

I think the phrase "DO NOT BUY ON CENTRALIZED EXCHANGES" should be a included in the OP. Do not compromise your privacy at the very start by KYCing yourself to a centralized exchange.

https://youtu.be/aC9Uu5BUxII
I love this vid by Dr kim

>>51106430
>>51106509
>want to buy coin
>localmonero meetup scary and risky because I might be kidnapped or pickpocketed or followed to home
>localmonero bank transfer scary and doxxy (we'll see each other's real names, unless the other guy has a fake account which then means I'm transacting with a sketchy guy)
>coin ATMs sketchy, why don't they ask for KYC if everything else that is a coin selling business must do KYC? also possibility of being followed by some thief
>mining absolutely not profitable
>no friends who have coin
>CEXes are KYC but seem safer (not private nor anonymous, but Monero should take care of this? aside from need to do taxes afterwards) compared to above
what now

>>51106854
I believe that KYC is as dangerous as Meeting up with a person. I never used a KYC exchange to buy/sell any crypto and never will.

Find a way to obtain a crypto without KYCing yourself. Maybe a friend. Maybe ATM. Yes, there'll be some fees.

I guess, it's a different. I'm from 2015 and I'll still gladly pay 5% for the extra anonymity.

>>51106854
If you have other crypto, exchange that for XMR.
CEXes aren't ideal, but better than not using monero at all and being stuck in fiat.

>>51106854
>>51106991
Generally, the best would be to obtain crypto with plausible deniability.

I often use LocalMonero too and some e-money. Which is still KYC if you think about it, but at least not directly. I never send ID to anyone. If ever asked, I could provide some service to someone and he just decided to pay me using someone over LocalMonero.

Or find homeless, western - union and all.

>>51106854
>localmonero meetup scary and risky because I might be kidnapped or pickpocketed or followed to home
Do it in a public place with a lot of people or get a friend that will serve as your life insurance if things go south.
>localmonero bank transfer scary and doxxy (we'll see each other's real names, unless the other guy has a fake account which then means I'm transacting with a sketchy guy)
Then don't do bank transfers.
>coin ATMs sketchy, why don't they ask for KYC if everything else that is a coin selling business must do KYC? also possibility of being followed by some thief
Stop being a weakmind. If you're that afraid then go with a friend that will serve as a lookout and insurance if things go south.
>mining absolutely not profitable
Then don't do it.
>no friends who have coin
Why not change that and start the conversation with your friends.
>CEXes are KYC but seem safer (not private nor anonymous, but Monero should take care of this? aside from need to do taxes afterwards) compared to above
The problem with CEXes is that you're announcing to the world that at some point in time you've exchanged some of your fiat assets to XMR. It doesn't matter what XMR can do for you at that point since any three letter agency that are intent in pursuing you for using private crypto knows that you've had a financial exposure to it at some point. They don't need to know how much XMR you have, or who you're trading with. That one fact alone, that you've exchanged your fiat for XMR in a CEX is enough for them to send someone at your door to "inquire" about your finances.

>>51106854
Here in Europe, ATMs are not required to ask for KYC as long as it's below €1000. Fee usually around 5% - which I agree, is not the lowest, but I don't mind. I pay for anonymity.

Also services often ask for KYC for absolutely no reason. Usually just because they like to harvest customer data or if the police comes, they don't have to deal with explaining of why they don't collect the data.

in Europe, I can purchase Iphone from an e-shop and all that is required is email essentially for them to send me the Order Data for me to pick-up. Legislation doesn't really say to harvest full information. That's a scam.

>>51107082
This is good. Yeah, it is a tricky, but it works.

I for one, never KYC'ed myself on any Crypto exchange and never will.
I don't feel too good about it.

>>51107168
Times have probably changed, but back before the big pump, before 2021, I wouldn't even dare to tell anyone I had anything to do with crypto and I'm glad I've never did it. I'm still paranoid and try not to talk about it too much.

Back before 2021, people who had something to do with IT, were usually considered as some sort of "hackers" or "secretly crypto billionaires", which already made you target by default. Nowadays the narrative has changed. People know that even if Bitcoin is $20k, you can own just fraction - $100.

At least in my country.

>>51107257
Before, nobody ever heard what crypto is. Back in 2021 I attended some school and kids were trading Bitcoin or Monero for pizza. Even teachers discussed it.

>>51107257
>I wouldn't even dare to tell anyone I had anything to do with crypto and I'm glad I've never did it. I'm still paranoid and try not to talk about it too much.
This is good OPSEC. I only mention crypto to a select few people that I trust. There's no point in announcing to anyone that don't need to know that I know crypto.

NEW THREAD: >>51107312
>NEW THREAD: >>51107312
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>NEW THREAD: >>51107312
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>NEW THREAD: >>51107312

>>51106336
t(''t)

>>51106854
just use a CEX, buy some buttcoin or other cucked worthless crap, then swap it to somethin useful. you dont have enough money to matter there are literally hundreds of thousands if not millions of 20 year old retards buying crypto from CEXs they are not going to send armed agents to your house to seize your $200 worth of shicoin

>>51106854
swapper sites. simpleswap.io, changenow.io, more on kycnot.me

>>51108044
This whole ordeal like you have to hide, as if you were doing something illegal by wanting to waste money on some shitcoin to hodl - that's really weird to me. I just want to waste money, maybe send to a friend for laughs, maybe later sell it for profit and pay the taxes, whatever. I don't want to feel like I'm a criminal due to that.

>>51106854
Any VPN for privacy plus fixedfloat to convert any of the zillion cryptos they support to any of the other zillion cryptos they support, Monero being one of them.

There's other swapper sites about as good too.