/biz/ - Business & Finance

>>52453028
go play defi NFT cassino crap then you hide your money with monero

>>52453028
It's possible, sure. We don't discuss price as much though and focus more on preserving the concept of digital cash. It's better to see growth in adoption relative to Bitcoin, which we have seen.
Monero at it's peak usage could be the digital swiss bank of all of crypto. It could also be a niche little project. I think as time passes though it's value will be extremely obvious.

>>52453028
Everyone should have a small stack of Monero. And everyone should be using that stack as Monero is built to be used and not hoarded.

In theory yes. But with all the aml regulations coming out world wide it seems more like a pipe dream. Crypto needs global adoption to thrive but all we see now is global criminalization.

>>52453028
I think the world would have to burn down to the ground first...

>>52453129
Lol if AML regulations come out world wide that would increase the demand for Monero.

I'm tempted dip into my XMR stack and buy a Roland SPD-SX Pro with Cake wallet. I just wish the price wasn't so fucking shitty right now.

>>52453028
> I mean, they almost have the same supply
I'll give you a full Monero if you show proof of that.

>>52453268
https://www.moneroinflation.com/

Monero's supply is protected by cryptographic mathematics. This site is still under construction but it explains the literal proofs.

>>52453268
Send it, chud.

Insider here. The Monero Foundation was badly tied up with FTX and has just lost years of runway. There's 6 months left of funding until operations have to shutdown at current prices.

>>52453412
Thank you Mr. Shekelberg for this information

bitcoin is it's own product
privacy is monero's product

alts will always lose long term against btc because tech is just tech while a unique asset will always be unique

in a decade monero won't even be part of the privacy story

>>52453170
demand cannot exist without supply tho

>>52453644
What do you mean? There are already dozens of non kyc ways to get Monero right now. Also atomic swaps and decentralized exchanges like haveno are in development for this very reason.

>>52453489
Monero is literally outperforming Bitcoin in this bear market.

>>52453095
saving is a form of using

>>52453412
>The Monero Foundation
Lol

>>52453913
it hasn't seen a high against bitcoin for 5 years
almost everything that deep in the red has greater relief rallies

>>52453889
But nobody wants to deal with those ways. The market has shown that they ways people want to interact with crypto is to create a metamask wallet or register an account with email and password and exchange on highly liquid platforms with user friendly interfaces

>>52453095
Where can we use our Monero, friend?

>>52453095
very high iq post

>>52454250
See >>52453044
In addition to this, you are making the retarded claim that everybody who holds Monero bought the top. Look at Moneros daily txs. Way more people use it now.
>>52454251
Speak for yourself. Just wait until literally every crypto transaction is traded by chain analysis and forwarded to the IRS. I think the normies will catch on pretty quickly.

>>52454692
Traced by chain analysis*

save us monerochan

>>52453028
xmr is great for buying coke, dodging taxes etc.
but don't delude yourself into thinking it's got staying power
its adoption will be its downfall

>>52453028
No.

Unless it implements starks and becomes extremely scalable and implements smart contracts somehow to make it programmable

ETH plans on becoming private later down the line so Monero would have to compete with that

>>52455039
>Unless it implements starks
It would once it becomes actually implemtable and ironclad.
>becomes extremely scalable
Monero could easily handle Bitcoin's current daily txs
>implements smart contracts
Unnecessary. Monero is p2p cash. Simple as.
>ETH plans on becoming private later down the line so Monero would have to compete with that
Other way around retard. Monero has an immense network advantage in the privacy sector. Ethereum meanwhile has all signs to being a cucked transparent smart contract platform.

>>52453028
I don't think privacy coins has much of a future desu with all the regulation coming. Only exception maybe ltc since its optional. Dunno. Sold my xmr earlier this year, lost conviction.

>>52455114
>It would once it becomes actually implemtable and ironclad.
Do we have estimates into how long it would take?

>Monero could easily handle Bitcoin's current daily txs
Can we change OPs question to, will it become a top crypto project by 2030 instead of overtake BTC? For all we know, BTC falls into irrelevancy. Matching BTC's TPS isn't really much of an accomplishment and Monero's goal is to be P2P cash which would require much more scalability.

>unnecessary. Monero is p2p cash. simple as.
This is very necessary. Your coin not being able to interact with defi is added friction. This is why ETH is the most used chain for P2P cash. This is a necessity to remain relevant.

>Other way around retard. Monero has an immense network advantage in the privacy sector. Ethereum meanwhile has all signs to being a cucked transparent smart contract platform.
It will eventually zk-snark everything and make everything private.

>>52455039
I don't get the constant whinging about scalability. Bitcoin was invented 13 years ago. Since then internet bandwidth has improved 100x, storage is insanely cheap, no matter how much Monero grows, hardware will grow faster.

And smart contracts are retarded. All I want is money, not some built in auto rug functions and monkey jpegs to bloat everything to hell.

>>52455503
P2P cash for the entire world cannot be done in a decentralized manner on blocksize increases. Storage isn't THAT cheap. ETH's blockchain is already bigger than 1TB and it's starting to have issues with people not wanting to run their own nodes

>>52455772
wrong.wrong. false equivalence. monero chads run many nodes- its in its ethos

>>52455772
Normal people can't run their own eth nodes because it's prohibitively expensive. It's not the hard drive space, it's the need for 4 dedicated modern cpu cores, 16 GB ram, 32 staked eth, and 100% uptime. Fucking retard.

Monero has no such limits, you don't need the uptime, the collateral, or fancy hardware. The blockchain is much smaller, and even with the same level of adoption would continue to be smaller, due to the lack of monkey jpegs and useless smart contracts.

>>52454692
top or not doesn't matter. alts are almost always just leveraged bitcoin bets. you can look at any other old alt to see how its btc chart looks over nearly a decade

>>52454901
Nodes set their price for the job, they'll get paid every time data is requested from them. The more critical the job the more they can charge.

>>52453028
Most of Monero's hashrate comes from mining malware illegally installed on people's servers. The botnet operators didn't pay for the servers and they aren't paying for the stolen electricity. This is why it's not really profitable for people to mine Monero. Those botnet operators don't care about decentralization. That's why most of them just used minexmr and it reached 50% of the hashrate.

Monero also doesn't scale well. Monero and Bitcoin can coexist but Monero cannot replace Bitcoin.

>>52456078
Hahahah. Lmao even, look at the maxipad resulting to blatant lies.

>>52453028
For buying heroin? Sure. Crypto is for criminals bro, may the best coin win!

>>52456078
>Most of Monero's hashrate comes from mining malware illegally installed on people's servers

Source: your ass.


>Monero cannot replace Bitcoin.

Monero doesn't even have to try to replace Bitcoin, it just needs to exist while Bitcoin's fundamental flaws continue burning people, once a tipping point is reached sentiment will shift. See ransomware & darknet sectors.

>>52454982
As soon as CBDCs start to magically appear from the bowels of every central bank Monero will become the standard of privacy that all other cryptocurrencies will need to survive. Have fun with a transparent blockchain when agent Smith wants his cut of your 'illegal' non legal tender coin.

>>52456463
>Hahahah. Lmao even, look at the maxipad resulting to blatant lies.

Maxipad logic: Bitcoin can burn its users and fall out of favor in real-world markets it has historically dominated without ANY resulting loss of confidence/value because its Bitcoin!

>>52456004
>almost always
agreed
>you can look at any other old alt to see how its btc chart looks over nearly a decade
I am. And I literally gave you a point by point refutation as to why this doesn't hold up vs Monero but you ignore it because you are a retarded maximalist who can't comprehend why usage of Monero continues to grow and why resistance against chain analysis will be needed long term.
>>52455358
>Do we have estimates into how long it would take
It's really hard to say. In the mean time ring sig sizes will only continue to grow. When the move becomes realistic it will be made, and I trust the XMR developers.
>will it become a top crypto project by 2030 instead of overtake BTC
Monero is already a top crypto project. Market cap is a meme. If we go by actual usage Monero has shown legitimate long term growth.
>Monero's goal is to be P2P cash which would require much more scalability
Considering crypto usage is effectively still very little, we are decades away from large scale adoption. I am not that concerned with this.
>Your coin not being able to interact with defi is added friction
Look up eth/Monero atomic swaps. Monero will be an entry into defi without a connection to transaction history.
>It will eventually zk-snark everything and make everything private.
lmao that's not how that works. Zk snarks are not trustless, first off, and the dark net which leads the privacy sector has already definitively made their choice. Ethereum has privacy advocates very concerned with choices they have made over the years. There is a reason no Dark nets have ever used Ethereum.

>>52453028
Yes

>MXRSX
>XMRSX
>MONERO SEX

>>52456846
>usage of Monero continues to grow
does it, though?
or are you confusing the ongoing transaction flooding attacks that started 24 months ago for growth? that would be very embarrassing.

>>52453028
It's certain to replace bitcoin, yes.

>>52453028
buy 21 if you can afford it and you have >1/1millionth of the network util 2040
>There is no single greatest asymmetric risk investment than $2700 spent on XMR

>>52458111
checked
>>52458023
>or are you confusing the ongoing transaction flooding attacks that started 24 months ago for growth
yeah bro it's totally a coincidence every DNM is switching to XMR haha its fake usage bro
>maxis will believe this until XMR is 4-figures btw

It's blacklisted and has a shit reputation as the crypto of criminals. it's actually better it stays small and (somewhat) obscure

There is nothing wrong with wanting to see a return on your investment.

>>52453028
I really like monero but it's performance in 2021 made me uninterested in investing in it

>>52458187
Sometimes in bear market times i wonder if there will be another shitcoin bubble and then i read things like this

>>52453028
Lmao at niggers itt claiming monero will get killed by regulations. This is the same argument you people used against BTC until you started investing simply because number go up. Most of you havent even transacted with bitcoin other than between your cold wallet and the exchange. Bitcoin and ethereum will never be as private as monero, maybe the privacy ethereum or LN can offer would be enough for most people who don't want to reveal all their finances when transacting but it won't be enough for illicit transactions. We are already seeing ETH being OFAC compliant. All transparent blockchains can be regulated away, monero can't. It's an opensource project running on stolen hashing power by botnets, which doesnt need specific hardware that can get seized or prohibited.
This doesn't mean that it will get mass adoption or the price will skyrocket. Most people are obeying sheep and don't need something like monero but if we go cashless CBDC mode some important actors will need something like monero, maybe it will be something that doesn't exist yet but monero is the best for now.