/biz/ - Business & Finance

>Unlike Bitcoin, however, Monero users cannot simply do “napkin math” and validate the supply by manually adding up UTXO amounts, as transactions are never known-spent by the network, only by the parties involved in each specific transaction. This does force some added reliance on code/cryptography over Bitcoin, (cope start)but as-of-yet I know of no one validating the Bitcoin supply this way(cope end). It does remain a valuable advantage of a transparent cryptocurrency, though it comes at the cost of the transactional privacy of every user in the system.
kek

>>51146847
https://moneroinfodump.neocities.org/#MuhInflationBug

>>51147004
>https://sethforprivacy.com/posts/dispelling-monero-fud/#you-cant-audit-the-monero-supply
>It does remain a valuable advantage of a transparent cryptocurrency, though it comes at the cost of the transactional privacy of every user in the system.
>https://moneroinfodump.neocities.org/#MuhInflationBug
>The lesson here being that undiscovered bugs are always a possibility (giga cope start)but at some point you just have to accept that the code has been sufficiently audited and battle-tested and move on (giga cope end)
kek

>>51147289
explain to me how an inflation bug wouldn't ruin Bitcoin overnight.
Cope harder retard. Inflation bugs infect every crypto.

>>51147300
an inflation bug would be much less catastrophic on bitcoin because it would be detected instantly, and fixed without issue, exactly like it has been in the past, not like monero which will require some obscure cryptographic proof to be found at an undetermined time in the future. if it's the world currency the impact, with on top the inability to have any kind of simple audit capabilities, it will really do some harm.
it's not a matter of possible or not, it's a matter of which one handle it better (not monero)

>>51147388
>an inflation bug would be much less catastrophic on bitcoin because it would be detected instantly
Imagine thinking the price of Bitcoin wouldn't crater because an inflation bug would created a trillion Bitcoin which would forever taint the chain and then force debtates about rollbacks, etc.
>not like monero which will require some obscure cryptographic proof to be found at an undetermined time in the future.
Spoken like a true brainlet.
>if it's the world currency the impact, with on top the inability to have any kind of simple audit capabilities, it will really do some harm.
Monero is audited by it's actual code, which are mathematic principles which are understood.
>it's a matter of which one handle it better
There is literally no difference in the trust of a cryptocurrency if an inflation bug were to occur. It would be catastrophic. The fact that you don't concede this shows that you are a retard.

>>51147417
what part of "This does force some added reliance on code/cryptography over Bitcoin" are you failing to understand?
the longer the bug runs the worse it will be. with bitcoin you can detect it instantly. not the case with monero. you can be certain that if it runs for a while then people will never ever use monero as the world currency. bitcoin is pseudonymous for this reason, it's much safer in that regard. you cannot argue otherwise. even your shitty anti fud links all accept that.

>>51147546
>This does force some added reliance on code/cryptography over Bitcoin" are you failing to understand?
The part where Bitcoin can literally also have an inflation bug which would destroy it over night you fucking retard. If you are seriously arguing that an inflation bug where I print 20 trillion Bitcoin wouldn't completely wreck the price of Bitcoin I don't know what to tell you.
>the longer the bug runs the worse it will be
Retard take. If a bug is found to be implemented it is a problem, period. It doesn't matter how long it has been implemented. If anything, savvy Monero users would have an advantage because they could sell once they start noticing funky things going on.
>bitcoin is pseudonymous for this reason
Not it isn't.
>it's much safer in that regard
Yeah, getting tracked by chain analysis is so safe, right? Faggot.
>you cannot argue otherwise
I want you to explain to me in detail how an inflation bug on bitcoin would not completely tank Bitcoin overnight. You won't, because you know it is true.

>>51146785
Why won't it dump? I spent some at $140 the other week and I need it to go lower so I can buy back in

>>51147923
XMR is consistently a safe place during bear markets. It's actually used so price remains relatively stable

>>51147004
>im gonna DEBOOOOONK

>>51147907
bugs happen. bugs might happen in the future. if you argue that ONE inflation bug will kill a cryptocurrency forever, then it means you advocate for centralized money. which is moronic.

I repeat, it's not a matter of happening or not it's a matter of how bad. it's a matter of which is the superior money, the best suited money. it's not monero for the reasons I'm explaining.

someone could find and exploit a bug on monero without anyone noticing. this could be for various reasons related to the many cryptographic methods used in monero. monero rely on cryptography assumptions. there is no "napkin maths" possible. this means the bug would run longer than with bitcoin. get that into your brain, please. print your anti fud links and read them aloud every day.

>chain analysis
coinjoins with big anonymity sets with good address management is perfectly fine for me. I would not use bitcoin in dangerous totalitarian countries, I would agree with that. but bitcoin is heading toward more privacy. privacy the right way is hard. monero is just a tool, stop trying to defend it as a world currency, it can never be that, stop being a retarded fanatic.

>>51146785

>>51148122
> if you argue that ONE inflation bug will kill a cryptocurrency forever, then it means you advocate for centralized money. which is moronic.
retard take. A better, sounder money would simply replace it long term.
Also funny how you STILL have not answered my question about how an inflation bug wouldn't take Bitcoin overnight. Why are you avoiding this?
>it's not monero for the reasons I'm explaining.
That makes absolutely no sense. You have not made a single refutation as to how an inflation bug wouldn't be disastrous for Bitcoin.
>someone could find and exploit a bug on monero without anyone noticing. this could be for various reasons related to the many cryptographic methods used in monero. monero rely on cryptography assumptions. there is no "napkin maths" possible. this means the bug would run longer than with bitcoin. get that into your brain, please. print your anti fud links and read them aloud every day.
okay, and somebody could make a bug on Bitcoin with everyone knowing which would plummet the price of it overnight and cause the largest fud crypto apocalypse of all time. The difference with Monero, as already stated, is that savvy owners who aren't retarded would notice shenanigans happening.
>coinjoins with big anonymity sets with good address management is perfectly fine for me.
lmao coinjoin. This maxi has to cope with the fact that Monero is now king of the dark net and will soon command all internet money exchanges because nobody will want to fuck around with CEXes as chain analysis continues to de platform people for mixing coins.

>>51148122

>>51148268
what does that mean a better, sounder money? if it can happen to one crypto it can happen to any because they are purely softwares. and we need it to be digital. so no it can't be replaced based on that criteria alone.
I never said such a bug wouldn't be bad. I keep telling you that it's a matter of how bad. I'm not wasting my time talking about the effect of an inflation bug because the alternative is centralized currency, and the impacts of that are worse long term.

"they would notice shenanigans happening", so what? your point is that when a crypto encounter a breaking bug it shall be stopped being used (including monero)? how retarded is that? I said that bugs can always happen regardless of any software. are you advocating for centralized money?

if CEXs are deplatforming mixed coins, then what do you think will happen to 100% anonymous crypto like monero? lmao. in every cases monero is least suited for global adoption. I would rather use bitcoin with filtered coins on CEXs and free everywhere else, than monero filtered 100% on CEXs. at least with bitcoin we have something to work with. but that's a different subject.

>>51148362
https://moneroj.net/merchants/

>>51148562
>https://moneroj.net/merchants/
>btc: 856, xmr: 300 >> 856/300=2.85x
>mcap btc: $376bn, mcap xmr: $2.6bn >> 376/2.6=144.6x
fucking bullish, thank you for the link anon

>>51148562
Don't buy Monero

>>51148655
you might as well hope for wownero to flip bitcoin

>>51147923
this coin will be used to buy meat in order to avoid social credit systems. I've already said too much, the citadel... au revoir anons.
https://youtu.be/NXyzpMDtpSE?t=169

>>51148454
Weird how you suddenly don't care about just Bitcoin. You should go reread your earlier posts where you were trolling as a Bitcoin maxi. Not surprising.
The rest of your post is pure jibberish. I don't give a fuck about laws. I will continue to use Monero. Suck a dick compliance nigger.

ahem, it appears my superiority has led to controversy

>>51147289 print_coinbase_tx_sum