/biz/ - Business & Finance

>>51074911

"Monero is still a shitcoin" lolololololol

>>51074911
if that was true surely it would sport a higher price than in 2017

>>51075265
>if that was true surely it would sport a higher price than in 2017

Price doesn't correlate with fundamentals in markets as irrational as this one.

>>51075265
What "if"? It's a fact, Bitcoin is now a minority on darknet markets.

>>51075294
price correlates with adoption in scarce assets. now either monero is not actually scarce due to a hidden inflation bug or it gained no adoption since 2017.

>>51075317
Monero has a high money velocity and only a small number of people are long-term holders. Everyone's afraid to invest in it because of exchange/regulatory uncertainty.

>>51075356
this will be interesting with eth merge coming up. will the user be able to strong arm exchanges into playing nice or will they get fucked? serious implications for the future...

>>51075317
>price correlates with adoption in scarce assets.

Only in rational markets. For example, Shiba Inu had a supply of 589 trillion coins when it famously mooned 45 million %, its utterly bananas.

https://cryptotips.eu/en/news/shiba-inus-45-million-percent-price-rise-has-cnn-discussing-memecoins/

why monerotards focus on stealing bitcoin mcap instead of vc shitcoins like ethereum and solana?
stop trying to beat the king, even the clowns court dogecoin have a bigger impact than you

>>51075799
>stop trying to beat the king, even the clowns court dogecoin have a bigger impact than you

Trying? Nigga, adoption trends speak for themselves: Monero-only is the new standard for OPSEC-critical applications, even organized crime syndicates and Latin American narco cartels are jumping on the XMR bandwagon.

>>51075799
i think at this point they are happy they didn't go to zero just lost about 50% purchasing power since 2017.

>>51074911
lol yeah that's a great stat to compete with. Hope you have a string of cold wallets kek

>>51074911
>btc store of value
>xmr actual use case
Simple as

>>51075799
Because this all they can do seethe about things that are better than their shitcoin.
>low volume
>The same price as 4 years ago, this means they are bagholding this shitcoin for over 4 years by now
>They are low iq losers who can only find satisfaction when they try to lower the quality of the board for everyone else
>They are /pol/chuds
Now their thought process is
>Le btc was a le coin used on le black market for le drugs and shieet
>This means le xmr will also pump just like lie bitfuck because it is also a le drug market coin
Yes they are stuck in 2013 this is how bad it is.

>>51075888

On-brand as always kek

monero is not anonymous, and probably not a good currency to invest in barring some public hype

>>51075947
>N-No I d-don't care about le price action
>xmr pump 5 %
>WOWOWOWOOWOWOW LE GUYS BUY LE XMR NOW WE WILL PUMP TO DA MOON XD
>inb4 n-no w-we are n-not like this we only buy this shitcoin with our own money because we like le tech XD
How about you tell us how comfy you are.

>>51075998
>How about you tell us how comfy you are.

As comfy as one can be knowing their holdings are backed by Colombia's finest marching powder.

It's a scam. Actual tech people know this.

https://youtu.be/Q_ZfusSdyWA

>>51076035
>Dude
>le drugs XD
Absolutely pathetic.

>>51076050
>It's a scam. Actual tech people know this.

Yes, we know. Be sure to spread the word!

>>51076059
>Absolutely pathetic.

Do a line or two, it'll make you feel better.

>>51076050
>not even 2 minutes in
>I did not do any research, I don't know any technicals
topkek nice one, absolute state of bitcucks

>>51076071
You didn't even watch the video.

S to spit. S

https://youtu.be/JLK4ObO0wPY

Monero is more or less a broken Chaumian e-cash that relies on marketing to con drug addicts into thinking it's magic.

>>51075317
use is parabolic

>>51076134
tone and his bunch is not the average iq part of the bell curve but the retard end. they are all meat worshipping trumpist putinist antivaxxers.

>>51076250
given the price action that's almost certain to be ether spoof or alphabet soup deanonimizing everyone on monero by creating 90+% of the outputs.

>>51076254
>meat worshipping
?

the only way for salvation
>privacy
>dApps
>self governance

>>51076219
>Monero is more or less a broken Chaumian e-cash that relies on marketing to con drug addicts into thinking it's magic.

See, the thing is that the Monero-only standard is being pushed primarily by DNM admins and veteran privacy nerds, who by necessity have a background in OpSec/NetSec.

In other words, the de-Bitcoinization, that is, the Monerofication of the darknet and related sectors is being spearheaded by relevant professionals who have their freedom on the line, not low-level drug addicts who don't even know what day it is.

>>51076279
it was delisted, imagine believing all that disney channel shit your whole life.
Media fudded people out of bitcoin, yet nsa was neutral. They will do it continue to do this monero as well
>muh spooks
>muh good/bad
doesn't exist, everyone is in on it, it's technology.

>>51076433
DNM admins get arrested all the time. They are retards. You can't find a single expert who's not a bag holder who says positive things about Monero.

>>51076736
https://youtu.be/9oAuDf9-mdU?t=687

>>51076736
>Everyone who chooses Monero over Bitcoin is a retard.

>>51076280
yes the only eat meat. no veggies no nothing it's a weird religion.

>>51074911
BASED.

>>51076583
kraken never delisted it that's a major us exchange with soft kyc. what a lame excuse...

>>51077181
Go and watch marvel

>>51077181

>>51077181
>Kraken
Lol

>>51075317
>hidden inflation bug
this is literally the most tired tranny fud imaginable
if there was a hidden inflation bug exchanges wouldn't be on the brink of XMR-insolvency for fucking weeks at a time

>>51075317
I'm a big (bag) holder of xmr but this is a decent take. We really underperformed btc/eth and that's a valid point for critics. It would be great if all fudders mentioned valid concerns such as this so we could do some productive discussion but that's rare.

Notice how all the most aggressively shilled and defended coins are centralized entities with a vested interest in marketing? LINK, XRP, BNB..

Funny that Monero is also one of the most shilled and defended coins. Funny that an anonymous grassroots decentralized ledger would have so much marketing and shills. COME USE THIS IF YOU'RE A CRIMINAL. FREE TAX EVASION HERE. FREE MONEY LAUNDERING. GET AWAY WITH CRIMES SCOT-FREE. Huh, funny

>>51080004
It's funny to larp around criminal activies, tax evasion and shit, you know.

>>51080004
You're not as smart as you think you are.

>>51080206
Smart enough to smell a honeypot

>>51080004
2/10 made me reply

>>51076254
>trumpist putinist antivaxxers.
I hope you realize that this is an oxymoron.

>>51076736
DNM admins get arrested all the time because it's an inevitable consequence of working in that industry: you either retire early or get punked.
It is survival of the fittest: the DNMs staying around for the longest are those using monero.

>>51075834
>Italy
>mossos
Sorry Catalan bros

>>51074911
Having never used monero, what are the fees like? Horrible like btc/eth?

>>51081887

Less than a penny.

>>51081887

>>51081908
Seems like a perfect crypto then, if it's truly secure an anonymous

>>51081887
way less, something like 0.0001 xmr for the next block. see https://www.monero.how/monero-transaction-fees

>>51082026
https://www.youtube.com/watch?v=s3ENWEHgFPg
rabit hole is deep fren

>>51074911
Why not focus on other chains?

>>51081631
no it's somehow not.

>>51074911
maxis are irrelevant
best you ignore they even exist

>>51078762
banks can go insolvent and fiat is literally infinite in supply in fact these banks print it every day. go figure econ is weird.

>>51075317
>hidden inflation bug
you realize that the crypto checks would not match in case of an inflationary CVE

>>51082889
that's why it's called hidden because the sanity rules don't catch it. implementation error or weird quirk of math... bitcoin had 2 or even 3 major inflation bugs found so far. but i'm sure monero had none... oh wait. you would never know.

>>51076400
>Railgun's on-chain privacy system on Ethereum.
Check again.

>>51082717
Well, I guess the option of anonymity is in question. Although, smart contract privacy contracts on L1 has enabled that

>>51081916
How do I profit from this?

>>51075356
>Everyone's afraid to invest in it because of exchange/regulatory uncertainty.
The sentiment won't last long. Sooner or later, privacy focused altcoins will lead the market. Regulatory uncertainties only amplifies its relevance further

>How are Bitcoin maxis explaining the fact that Monero is now the dominant currency on darknet markets?

thats not an accomplishment, because the biggest bitcoin dark market in russia was taken down, and it accounted for MOST of the dark market activity in the world. when another russian market takes over, bitcoin will become the most used again

>>51075436
it will never stay legal

>>51074911
Perhaps privacy and anonymity is becoming appealing to traders, or it's always been instinctively valued.

>>51083346
OBJECTION!
Can't ban encryption.

>>51083340

lol have you visited the darknet lately? Nobody gives a shit about BTC anymore.

>>51082717
There are different blockchains that also offer security, privacy, interoperability, and scalability. Geeq is one of the layer1 chains I'm considering. Some privacy projects were ruined due to the tornado cash damage.

>>51082717
There are different blockchains that also offer security, privacy, interoperability, and scalability. Geeq is one of the layer1 chains I'm considering. Some privacy projects were ruined due to the tornado cash damage.

>>51076736
What constitutes an expert?

>>51081887
Incredibly cheap. Less than a penny and very fast

>>51084170
Not gonna make it

>>51085064
What do you mean? Geeq has not launched yet but has the potential to serve better when it comes to their multi-chain platform. Don't conclude easily. For privacy, I'm just sharing my sentiment.

>>51083695
Kek

>>51077217
>"Monero was delisted, and I'm gonna imply everywhere!"
>"Monero was never delisted, because I can still get it on Kraken!"
>"Monero was delisted in the UK probably as a result of government threats THEREFORE IT WAS DELISTED EVERYWHERE CHECKMATE"

Yes, we know it was delisted on Kraken in the UK. People who don't keep with the Monero news might not know that. People who don't do anything in the UK might also not know that.

>>51084566
Cryptographers and distributed network engineers.

>>51075265
>>51075317
Darknet markets have a very small userbase to begin with and that's the only people really using Monero over any other crypto. Even though it overtakes Bitcoin for DNM transactions it's not enough to make a dent in comparison to Bitcoin and other chains which are use for legal purposes by millions more people. Even if Monero achieved 100% usage on DNM its price action would still be shit unless it started being used by normies for legitimate purposes. Which will never happen because it's already highly associated with illegal activities and massive normie-friendly exchanges won't list it until governments gives the thumbs up (which won't happen since governments hate privacy coins).

>>51083060
fookin based monero heads will never understand how important it is to audit supply