/biz/ - Business & Finance

PREVIOUS THREAD: >>52434276

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/
https://freedomcells.org/

>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.

# = recently launched, exercise caution

>AlphaBay
>Archetyp
>Asur Market
>Chimera Market #
>Cloud Market #
>Dark Matter #
>Darkmoon #
>FilthyFellas
>Mellow Market #
>Retro Market #
Onion links: https://pst.klgrth.io/paste/fs7ax


Anonymously exchange BTC for XMR using a reputable darknet service

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


or a reputable clearnet service

https://trocador.app/en/
https://xmrswap.me/
https://unstoppableswap.net/


>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

>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

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

I just want to say I <3 Monero-chan

>>52492618
someone on real vision called it a negative yielding bond

>>52492923

What do you guys think about dero? Legit or pnd by that dollar vigilante guy?

But if XMR is inflationary, what's the point?

>>52493387
Actually using it as a currency rather than a vehicle for speculation.

>>52493440
Oh really? So you're not expecting it to go to $5k?

>>52493484
Over $90,000,000,000 USD would have to be invested into the token for it to reach $5k at the current circulating supply so probably no. That's not even taking tail emissions into account. You'd have to invest over 100 trillion USD to get there. I don't even think there is that much USD in existence.

>>52493387
>But if XMR is inflationary, what's the point?

XMR inflation is fixed and half that of gold's, not to mention it is offset by the steady rate of coin loss which will only increase as adoption grows.

>>52493387
>But if XMR is inflationary, what's the point?
The inflation is fixed at the nominal value of 0.6 XMR per block, meaning Monero has an asymptotically approaching zero inflation rate.
Gold, the soundest money we know, is inflationary. Bitcoin is currently inflationary (until 2140).
You must be 18 to post on this website.

>>52493598
>Over $90,000,000,000 USD would have to be invested into the token for it to reach $5k at the current circulating supply so probably no. That's not even taking tail emissions into account. You'd have to invest over 100 trillion USD to get there. I don't even think there is that much USD in existence.

>>52493387
deflationary money just doesn't get used as a currency in day to day life.
People prefer just to keep it instead of investing or buying because tomorrow is going to worth more than today, leading to major economical crisis. a little inflation is always better than deflation.

>>52493630
>that picture

canada has zero gold reserves? That can't be true.

Does anyone know of a site that lets you book hotel rooms with crypto? And anyone knows of a site that lets you book flight tickets with crypto? I want to know if they exist and see how the site works

>Trusted technology, growing adoption

Zcash was launched by one of the most respected technical teams in the world.

Zcash is the 'https of blockchains,' protecting your freedom to save and spend as you like.

Zcash was the first project to implement zk-SNARKs, a novel form of zero-knowledge cryptography that gives its users the strongest privacy available in any digital currency.

Multiple, independent organizations are funded to innovate on Zcash.

Zcash is already available on top exchanges, digital wallets and a growing number of applications.

This is what Monero chuds don't want you to know.

Buy Zcash if you actually want to make it.

>>52494647
https://www.travala.com/payment/monero-xmr
I think they do flights as well, haven't used them though. I remember checking em out in like 2016, so there should be plenty of feedback online somewhere

>>52495186
>I think they do flights as well, haven't used them though. I remember checking em out in like 2016, so there should be plenty of feedback online somewhere
Thanks. I’m just doing a feasibility study to see what sites look like and how they work (those that accept crypto specifically).

>>52493598
You don't even know how prices work.
Monero will reach 5k faster than you think and will take only a few hundred million to get there.

Drug dealers, ransomware hackers and terrorists use Monero.
Only virgin zToddlers use zTrash.

>>52493598
/biz/ can't do math

>>52493685
I like how this is the view of most economists yet bitcoiners will retardedly act like any inflation (even disinflation like in Monero) is the root of all evil.

>>52495243
>will take only a few hundred million to get there.
see >>52495261
The market cap is 3 billion. Monero needs more than a few hundred million to get from ~150 to ~5000. Now obviously if someone bulk buys a few hundred million it will increase the market cap by more than the bulk buy amount (because it will eat all available supply) but there is no way it will increase the market cap to 1/3 of bitcoin.

Reporting in,
fuck Bitcoin.

this retarded btc maxi is trying to correlate market cap size with blockchain size

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

>>52495335
Boku no order book thickness

>>52495904
Bitcoiners are truly retarded. What did you expect from someone named "trader university" though. The guy will obviously be retarded.

>>52495904
There is not a single billionaire TA guy, but there are multiple billionaire value investors. Monero is the ultimate value investor pick because you're not speculating on these hypothetical future usecases and attendant customers ("hyper-bitcoinization") but on it's actual uses right now + it's potential given it has no viable competition in it's field.

>>52495904
Typical Maxi retardation. Never engage with these people, they're about as close as you can get to real-life NPCs. There's simply no point in talking to them.

For those who don't understand what's wrong with this comparison: Marketcap has literally 0 (zero) correlation with transaction volume. Monero is ~150x smaller than BTC in terms of market cap, but only about 10 or a dozen times smaller in terms of transaction volume. A legitimate comparison would be that XMR transactions are about 5, give or take, times larger than BTC transactions. This is still a lot larger, but Monero's efficiency is improving constantly (we had ~13kb transactions a few years ago, down to about ~2kb nowadays), and don't forget that Bitcoin is giving up the COMPLETELY NECESSARY properties of privacy and fungibility.

And when adjusting for privacy, Monero is actually more efficient while providing far superior privacy and user experience. https://sethforprivacy.com/posts/comparing-private-spends/

As a pmg boomer, monero is the only crypto I'm interested in, so of course I'm here to spread the good word of precious metals. Have you accepted fine silver as your money and savior yet?

>>52497709
I came to silver fa decade ago from the Ron Paul "End the Fed" crowd. Monero is just the digital extension of the that idea.

And I can still larp as a pirate with either one.

>>52497709
>>52497778
based

>>52497177
There are certain maxis I respect, and they're people who are clearly all in on Bitcoin because they understand that its intended role was to be sound money and are just disgusted at the rest of the cryptocurrency space, so they've decided to stick with old reliable.

I get it, because it's something of a hard sell to explain why your non-bitcoin actually DOES follow that vision when literally EVERY other non-bitcoin does not; it's natural for them to be skittish of Monero even when they share our community's vision.

Hopefully we get atomic swaps soon and they can stop being lumped in with cultists who are only maxis because first mover or speculation or whatever.

>>52492553

Any plans to update the traceability section to account for the hardfork in August? Ringsize is 16 now, not 11.

>>52495904

I lol'd

>>52493387
i have a small penis and medium sized balls. and i feel uncomfortable being naked in front of women so i always turn out the lights and quickly put a condom on and finish quick and put my underwear back on. ive never had a gf very long and i think thats why : ^ (

Isn't there a forum post from satoshi about regretting block size implementation and traceability issues for BTC? I'm trying to win a stupid argument.

>>52499292
I don’t have proof but I am pretty sure he said those things yes

>>52493157
>>52492923
I love Monero-chan

>>52499334
Thanks anon for confirming I'm not crazy. Hopefully someone can orovide a screenshot or something. Trying to convert a BTC maxi.

Monero will never get off the ground. You failed to pump to $1k in the greatest bullrun in human history. Why would it pump now in the greatest bear market in history?

>>52499292
satoshi abandoned his project before fixing the issues with fungibility.

>>52499455
Fuck you. I fucking hate you "investors" and your warping of discussion to revolve around price and price alone instead of what actually matters for a crypto currency (which is good functionality as a currency). Go back to your plebbit "investing" threads and take your bullshit with you.

>>52499539
My man

>>52499455
Remember to change IDs before trying to pump Surveillance Trash Zcash or Shit Street Discreet!

kek

>>52499637

>>52498123
You respect those who are too fucking retarded to consider the possibility that they're wrong and refuse to research any alternatives?

>>52494161
Canada has zero gold reserves.

I recently read that Monerujo has implemented the extended seed feature (passphrase) wrongly and the seed was being generated without it.
Sloppy. I really don't want to use cake wallet out of principle. Should I just run CLI from my android?

>>52499784
put it on tails persistence.

>>52499784
>Should I just run CLI from my android?
It is certainly doable. Check out:

-- https://termux.dev/en/
-- https://github.com/CryptoGrampy/android-termux-monero-node
-- https://xmrguide.org/tails/cli/instructions

With these, you can run a monero node on your android (assuming you have a 256 GB microSD card in your phone), and make the monero-cli (the official command line wallet from monero devs) connect to it.

You can sync your android monero node as you go (as you find a wifi hotspot to leech in the town).

For QR-code address generation, you can use `qrencode` package in the termux app repos to generate QR-codes from your subaddresses. You can furthermore scan QR-codes using SecScanQR app on fdroid.

This setup promises you a /comfy/ wallet experience, as you will be eliminating the third-party monero wallet apps from your use of monero, and go directly with the wallet software that monero devs themselves maintain.

>>52499833
I already do that but I want to have some change available on my phone to send to newbies when they ask me about crypto. I tell them to use cake wallet but I don't like it.

>>52499865
based grampy I'll just make it connect to my home private node instead of syncing a new one on my phone. Cheers my man.

>>52499917
Cheers brother.

>>52499592
>price doesn’t matter for a currency
MAJOR cope

>>52499961
Now get the fuck outta here.

>>52499961
The US dollar is ~130x less valuable than a single Moneroj.

>>52499961
No one is coping. XMR can stay at $100-150 forever as long as it continues to be developed in a way that maximizes it's ability to function as a currency.

Anyone who cares more about price than functionality is a bad actor. You speculative "investors" have coopted crypto into some get rich quick scheme which is why it's true value (medium of exchange) is IGNORED by most people. YOU are the problem you fucking creature.

Today, I will remind them.

>>52500286
>XMR can stay at $100-150 forever
I generally agree with you but if xmr stays at this price range forever, it means it's losing buying power and in general is less atractive to use as a medium of exchange compared to other choices thus failing to achieve being the best currency.

>>52500669
If demand and supply remain the same (which, it pretty much will indefinitely since so much of the txn volume right now is just DNMs) then it will match inflation. My numbers assumed zero fiat inflation (which, to be fair, is unrealistic) however it would just mean the coin increases in price marginally to match inflation since S&D are going to be relatively constant. Expecting it to go into the thousands is speculation, staying with inflation is perfectly acceptable and meets one of the goals of crypto currencies.

long term we have seen monero match inflation. There are speculative spikes in price but this is irrelevant. Evaluation performing better than inflation != better as a currency.

tl;dr monero matches inflation which is all it needs to do. If the price of monero rose tomorrow to $20k it would not make it a better currency.

>>52500747
Yup, but if there is 20% inflation(such as my shithole, but dolar printer also goes brrrrr) and xmr continues to crab, then it's losing buying power and failing to be aby sort of viable fiat alternative.

>>52500795
>but if there is 20% inflation(such as my shithole, but dolar printer also goes brrrrr) and xmr continues to crab
But xmr/usd is crabbing, if you have 20% inflation your native currency should be losing vs USD and thus xmr/YourCurrency shouldn't be crabbing.

>>52500900
>if you have 20% inflation your native currency should be losing vs USD and thus xmr/YourCurrency shouldn't be crabbing.
This is true in my case.

>>52492724
Based.
>>52492923
>>52493157
Based.
>>52495681
Based.

Friendly reminder:
1 XMR = 1 XMR

>>52500900
Yes but if every printer in the world goes brr, xmr value has to keep on increasing just to stay even.
In one of the David Kim videos he shows how every country is printing money.
Even before covid.

Bump for Seraphis

https://monero.observer/meeting-log-summary-seraphis-wallet-workgroup-meeting-14-november-2022/

Hello MoneroChads...
I have a feather wallet which I have just logged into for the first time in a couple of months.
It is now syncing, but seems to be taking a long time, certainly longer than it took previously...
It started out with around 695xx blocks remaining
But is now at 69600 blocks remaining, and getting higher...
Surely this should be getting lower?
Any idea what is up with it?
Thanks

>>52501734
>Any idea what is up with it?
Is this a local node? Or a remote node? If it is a remote node, try connecting to another, more faster node.

I think your internet connection is having a problem (speed-wise).

>>52501228
>Friendly reminder:
>1 XMR = 1 XMR

Mashallah, brother.

>>52501757
Soon brother.

>>52501751
It says it is connected to node.sethforprivacy.com
Tx 493.1kb, rx 2049.5mb

Does Tx show how fast it is syncing?
Very possible it is slow internet...
If my internet is too slow, does that mean new blocks are being mined faster than I can sync?

>>52501811
>If my internet is too slow, does that mean new blocks are being mined faster than I can sync?
Yes, that can happen. But is your internet connection really __that__ slow?

Anyways, have you tried restarting the wallet?

>>52501823
Yeah, it can be pretty slow at times
But not really sure how slow is 'too slow'...

Will try restarting... if that doesn't help wat do?
Just let it run and hope connection speeds up?

>>52501852
>if that doesn't help wat do?
>Just let it run and hope connection speeds up?
Yes. Try changing the node that your wallet connects to, too.

How do I anonymously buy layer 1 monero from a metamask wallet that's has a history of funds with a kyced exchange?

>>52502197
Isn't Metamask strictly for ETH and ETH shitcoins? I'd imagine you have to convert on an exchange or swap site but I don't know. I'm too poor and/or retarded to deal with ETH to know for sure.

>>52502567
eth fees are like a dollar max now instead of the $34.82 when it was a pos

https://youtu.be/uORgy-YiG44

0.08 BTC

>get XMR
>rent a VPS
>subscribe to a VPN
I love Monero-chan!

>>52501757
God willing, friend. Blow up some datacenters for me

An easy to use graphical user interface program for monero mining using P2Pool recently got funded.

https://ccs.getmonero.org/proposals/gupax.html

When this program becomes available for download, everybody should help mining on P2pool (mini). We have a direct stake in p2pool succeeding and becoming the dominant mining pool as it decentralizes the mining pool administration.

https://miningpoolstats.stream/monero

Monero newbie about to be paid in XMR. What wallet is best to recieve it? Should I trade it for LTC right away or do something else with it. There's nothing I need to buy with it unless I can spend xmr on gold somewhere

>>52494769
>jewish hands typed this
Ztrash is not a privacy coin.

>>52503672
>What wallet is best to recieve it?
On desktop: feather wallet
On android: monerujo
On iOS: monero.com

>Should I trade it for LTC right away or do something else with it. There's nothing I need to buy with it

Just keep your XMR with you, in your wallet. Ltc is a lost cause coin, why would you even want to swap into that?

>>52503672
Holding some monero is not a bad idea, it gives you flexibility if you need it. For storing monero I'd recommend the official GUI wallet from getmonero.org, it has support for ledger and trezor if you have any of those hardwarewallets. On phones cake and monerujo are most popular. I prefers monerujo for xmr only transaction, and use cake whenever I need to convert it to another crypto, ie. to pay in btc. In the US cakepay can be used to instantly buy gift cards with any value, so you can pay with xmr in many traditional stores.

>>52503746
>and use cake whenever I need to convert it to another crypto, ie. to pay in btc
Monerujo can also make payments to btc addresses. It uses a swap service in between your wallet and the destination. You send XMR from your wallet, and the receiver receives btc to his address.

432 XMR created per day until the end of days

why should i buy an hyperinflated token

>>52503769
It used to work with xmr.to, which I have used when it was still around, but it doesn't work anymore, at least for me. I had to use cake for 2 transactions out of dozends so for, which is an acceptable compromise for me.

>>52503790
Dont' you ever buy XMR you retard. XMR isn't for you. GO buy some dogshit tokens.

>>52503817
>but it doesn't work anymore
Hmm.. Maybe you are right. I have never used that feature in monerujo so I wouldn't know. I just saw that they advertised it so in their webpage.

>>52503700
Ok what am I supposed to do with it then?

>>52503863
This >>52503746
Or, you can send it to me.

Ask yourself, what were you going to do with the ltc anyways?

>>52503825
>15 pbtid
>no valid argument

lol this is just sad. baggie

>>52503894
Why would I want long term exposure to xmr? Serious question. My understanding was that xmr was just used to buy/sell and that people swapped it back to normal crypto afterwards. I didn't know you guys holded

>>52503976
>Why would I want long term exposure to xmr?
Increased government surveillance and central bank digital currencies are aimed at taking away your liberties. Monero is a hedge against that.

Also, you can evade the taxman with it.

>>52503976
>My understanding was that xmr was just used to buy/sell and that people swapped it back to normal crypto afterwards
What is the usecase of "normal" crypto and why would you want to swap to it?

>>52503790
>432 XMR created per day until the end of days
>
>why should i buy an hyperinflated token

Since you're too stupid too understand that Monero's inflation % trends toward zero and is offset by lost coins you probably shouldn't.

When in doubt buy a dog meme.

>>52503976
>Why would I want long term exposure to xmr? Serious question. My understanding was that xmr was just used to buy/sell and that people swapped it back to normal crypto afterwards. I didn't know you guys holded

Why are nameless offshore bank accounts so coveted?

>>52503976
Monero is known for it's crabbing behaviour, moonboys hate it, but most of use like to have a relatively stable crypto.

Remember, when everything IRL goes to shit, for whatever reason, you still can spend xmr. You could rent a hotel room, buy food, clothes or a new computer. It can buy you valuable time to figure out how to proceed and how to access your other assets.

>>52503790
>432 XMR created per day until the end of days
>
>why should i buy an hyperinflated token
why should miners work for 0 XMR until the end of days? If you want something insecure, unreliable and not censorship-resistant, buy something else like FIAT

>>52503672
I see the merchant everywhere

>>52493387
you should think of monero as money not an investment. when you do it makes sense that monero is inflationary. the point of inflation is to encourage people to actually use it as money. jews use inflation as a tool to make people even more poor and dependent on them but with monero or any other pow crypto you can print your own money so it cancels out. the fact that inflation also helps secure the network and help predict the supply of monero in the future is just a cherry on top.

>>52503790
I know this is a troll but for the retards who fall for this just think about how small 432 is compared to the 18,000,000 or so that are currently out there. And this 432 number will only get even more insignificant as time passes. This is hardly hyperinflation. It's barely even inflation.

>>52504413
>it makes sense that monero is inflationary.
Monero is not inflationary. Monero's current inflation rate can be seen at p2pool.io/tail.html

Over time, the inflation rate tends to zero.

Monero is even less inflationary than gold. Get your facts straight.

>>52503976
Monero has a history of being surprisingly stable for a more popular crypto, the value doesn't really change much under normal circumstances. Because of that, it makes for a decent store of value (I use it as a savings account, occasionally dipping into it for a random online purchase or two). Everybody that I know of normally holds XMR after converting from another crypto (or exclusively accepting XMR from the get go)

>>52504067
>>52504065
>>52504140
>>52504156
Cool I'll just hold on to the monero then

>>52504442
in terms of percentage of inflation monero does indeed tend to zero however it is still by definition inflationary since it will never actually reach zero inflation because more block rewards will always be emitted. it's just that the inflation will be so negligable over time that it can basically be disregarded. that said i think it is disingenious to say that monero is not inflationary because it is. then again i suppose there is no other way to convince retards to use it but i don't think there are a lot of retards itt.
>>52499761
to be fair i would also be demoralized and wouldn't want to look at other projects if i didn't know better. a lot of tech people i know actually mine monero because they understand the technical implications of how it works and what it means. since we techies are really autistic it's hard for us to convince others of benefits that monero brings to the table. that's why i think it's important that people like coin bureau and dr kim explain monero in simpler terms to people who are not so well-versed in technology/programming/math.

LOL. I can't believe the finest platform in this WORLD! So-called Bspin.

>Strong casino with a BTC as the playing currency
>On going giveaway with $15,000 prize pool
>Huge amount of partnerships and funders

>>52494827
Lol you're on an anarchist general and want to chill an "institution" coin.
lol
lmao

>>52504625
Monero's inflation is negligible with respect to the amount of XMR coins currently exists. And its inflation rate will only decrease, going forward.

Apart from that, the important point with inflation is that it is not subject to some monetary committee to change it. With fiat money, bunch of men in suits decide on what should be the amount of new money created/destroyed. You have no say in that decision. And they have no oversight nor accountability for their decisions.

This is what Monero does. It separates money and the state, while giving its users a fast, cheap and untraceable medium of exchange.

when’re we getting rich lads?

>>52505163
Next thursday

>>52505216
oh I have a raclette party planned that day

>>52505009
yeah.
>This is what Monero does. It separates money and the state, while giving its users a fast, cheap and untraceable medium of exchange.
it's really nice that regular people can contribute hashes to the network and basically be FED themselves. the only way i would improve monero and its development is by making a DAO that would decide what changes would be made to the network but that's arguably even harder to do than developing monero itself. also, wish there was easier vendor onboarding for bartering using xmr however this is something that people outside of monero developer community can do.

>>52505301
a DAO would just lead to the mega wealthy turning everything in their favor

right now we have community meetings to form consensus. you can join them and make your voice heard :)

>>52505471
>a DAO would just lead to the mega wealthy turning everything in their favor
yes. DAO is hard to implement however i believe if it was done correctly it could be beneficial. not that i know how to do it.
>right now we have community meetings to form consensus. you can join them and make your voice heard :)
i have my voice heard by mining already which is fine as well i suppose.

>>52494769
obvious troll is obvious

>>52500900
>>52500917
>>52500795
>>52500747

Ok maybe this is retarded, but i have question: lets assume for easy math 1 XMR = 100 USD today. We're "crabbing" so a year from now 1 XMR is still worth 100 USD. In the meantime USD has inflated and lost value. Shouldn't 100 USD then buy me LESS than 1 XMR as the dollar inflates constantly?

Obviously this is theory, in practice, supply and demand of XMR being sold and bought means we see a different price on the books.
Which is true for all crypto except stablecoins. So the "best" option is to keep all your money in stablecoins, exchange to XMR when you want to spend and store any received XMR in stablecoins unless you want to get fucked by the markets. Until literally everything you buy is in XMR someone still has to convert to fiat, meaning even if you pay your rent in XMR your landlord would likely have to pay for a new roof in USD, thus adjusting your XMR rent based on the XMR/USD rate.

>good: YOU hold the money, not the bank, somewhat reasonable privacy as you go in and out of stablecoins.
>bad; not full privacy as you mess with stablecoins, still subject to QE and other inflation tactics

Is there a better way to deal with this problem?

Somewhat unrelated I see the slut with the aviators being posted all the time but I never saw the original, can someone please post context.

>>52506405
>So the "best" option is to keep all your money in stablecoins,

Stablecoins are stable until they aren't.

>>52506520
bruh, the point is that carrying around bread thats getting staler and moldier by the day as currency is a bad thing.
But I also don't want to carry around schroedinger's credit card that may or may be maxed out as you try to use it because of market volatility.
I want to know on the 1st of the month if I can pay my bills on the end of the month. As we've seen with haveno, the calculation of X.X XMR = Y.Y USD doesn't work out if XMR crashes between you receiving your paycheck and you paying a bill. So holding XMR as a means to pay your bills (i.e. using a CURRENCY) is retarded. The actual act of spending and buying is something thats great with XMR. holding it not so much.

>>52506788

Consider holding XMR like buying stock in organized crime, an industry that has historically proven to be both recession-proof and resilient to all attempts to extinguish it.

Ergo, comfiest hold in crypto.

>>52506788
There are plenty of people who are more than willing to take a bit of a haircut if it means a near guarantee of secrecy.

I've been shilling PMs and Monero (for IRL and online finance respectively) to pol anons and I've been seeing a lot of progress.
Things are looking up bros
>inb4 top signal
Good.

and just like that xmr will never ever be below 0.08 again

>>52508246
wallah
just
like
that

love to see it

>>52502197
You can wrap eth on metamask to scrt network, exchange for wraped monero and use their bridge to get layer 1 monero.
You can also provide liquidity with sXMR or stake their native token scrt as well

>>52502197
easiest way would be to use a swap site. latest and greatest is trocador, use a vpn or tor for more privacy.
>https://trocador.app/
>http://trocadorfyhlu27aefre5u7zri66gudtzdyelymftvr4yjwcxhfaqsid.onion/en/

I have a question. I have Link on a ledger and bought Link on tons of KYC exchanges. Staking is coming out soon. Is there a way I can use Monero with the Link rewards and spending it on giftcards so I don't get fucked by the tax man? I just hate the government so much.

>>52508691
>Is there a way I can use Monero with the Link rewards and spending it on giftcards so I don't get fucked by the tax man?
I am not familiar with Link in general. But if you can swap the link staking rewards into Monero, then you can use cakepay.com to spend your Monero on giftcards.

Some monero swap services are:
-- orangefren.com
-- trocador.app
-- majesticbank.sc

You can also have a look at localmonero.co and see if you can sell your LINK for XMR.

>I just hate the government so much.
Based.

>>52508691

Swap LINK for XMR anonymously with Trocador and then buy giftcards with CakePay or CoinCards using a burner email address.

>>52508781
That's awesome. But can the government trace and figure out I should have paid income tax on the Link staking rewards?

Bitcoin ATM with bank account requirement or one that has mobile number verification / AML policy touch policy to pre-swap to XMR?

>>52508972
All ETH is traceable, including your stinky linkies. But as soon as you swap it for XMR the trail ends there.

>>52508972
Use the Tor onion address of the trocador:
http://trocadorfyhlu27aefre5u7zri66gudtzdyelymftvr4yjwcxhfaqsid.onion/en/

Trades (swaps) there do not require any KYC info. So, you should be safe.

>>52493484
In order for XMR to be even $1000 at the current supply, it needs to have a market cap of around ~$18 billion which puts it at the top 8 of the market cap rankings.

It's not possible under a bear market and did not happen in the last bull run either.

>>52509022
don't be so sure >>52508993

>>52509048
It was in the top 8 between 2014 and 2016

>>52509049
Ok since yyou posted that thread, can you enlighten me the details of the hack? Surely you must understand what that post means to Monero?

>>52509193
It wasnt at $500 at any point in time. Your point being?

>>52509049
HAHAHAHAHAHAHAHAHAHAHA
>>52509196
Indeed, share with the crowd.

>>52509049
nothingburger.

>>52509196
I didn't post it. I just searched XRP in the catalog

>>52509022
What if I were to trade my Link stack for XMR, and back again to Link, and then my Link to a new Ledger, stake it, get the rewards (which are now untraced), then send the rewards to XMR, etc etc cash out in giftcards?

>>52508972
>That's awesome. But can the government trace and figure out I should have paid income tax on the Link staking rewards?

Depends on how KYC'd you already are. According to the Trocador FAQ

>You transfer the chosen amount to the address provided by the exchange, the trade is made and you receive your desired coins directly in your chosen address.

So if the IRS fags know you currently own the LINK being sent then they'll infer you sent the coins to the exchange and know you exchanged them for XMR, which is where the trail goes cold.

So my advice would be to randomly shift the LINK around to several addresses over the course of a week or two first to make it seem you handed them off to somebody else before going ahead with the swap. Use a VPN after the first hop.

You can read the logs of the Monero Community IRC/Matrix chats online:

https://libera.monerologs.net/monero-dev/20221118

>>52509578
I did. They say it's an effective nothingburger

Does anyone have the link to the monero site that lets you advertise your services? It’s not in the op

>>52492495
i just heard it's all over?
damn.

>>52509966
MoneroMarket.io?

>>52509981
The "vulnerability" is that the bootstrap server is hosted by a single guy. whoop de doo. It's like saying that bitcoin or bittorrent are centralized because of their bootstrap servers. It is a vulnerability in the same sense that the getmonero.org domain is owned by a single guy who could hypothetically point it at a web server with malware.

Trying to poison the network through bootstrap servers is basically a type of social attack that doesn't work if the victim has at least one connection to another peer. If they are already running their own monerod, then it won't work. If they are connecting to someone else's node using a remote wallet, than it won't work.
It could only work against new people connecting to the network, assuming the bootstrap node was malicious. Which would cause people to immediately notice. The only way it would affect the network is if everyone forgot all their peers all of a sudden (e.g. deleted their p2pstate.bin) and re-bootstrapped right after the bootstrap server became malicious.

That being said, more bootstrap nodes would be nice, even just for speed and reliability if not for this very lame mode of attack. If you are hosting a node on your residential IP, port forward. If you have a domain that would be good too. I would expect there to be an update to monerod that includes more default bootstrap servers.

That being said, what do other anons think?

>>52509215
DIS shills revealing their true form

>>52510484
It's already superior to Monero, cry about it.

>>52510532
https://twitter.com/sethforprivacy/status/1517141762011140096
dero is a premine scam, who are you fooling? You are literally just getting rugged and bragging about it.

>>52509981
I wanted to go reverse my losses on the last boating trip anyways, so let's hope for a good, healthy, 10% dip, that will be corrected once it turns out that it's a nothingburger of a pajeet screenshotting old php code, without any technical knowledge, and claiming that he will crash this entire project.

>>52510611
>He can't even use his visual senses correctly
HAHAHAHAHAHAHAHA! Holy shit, i'm not even talking about Dero, you fucking retard. Try again.

>>52510768
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>52510791
>>52510532
Pirate Chain, Dero, whatever scam this is which you refuse to name, it's all the same thing. There is a reason why monero does not implement smart contracts. Smart contracts are generally an antifeature.
It leads to all kinds of complexity and bullshit that distracts from the purpose of cryptocurrency in the first place.

>>52509981
mouthbreather

>>52510768
mouthbreather cuck

>>52510980
>. Smart contracts are generally an antifeature.
>It leads to all kinds of complexity and bullshit that distracts from the purpose of cryptocurrency in the first place.

Smart contracts break TX uniformity and increase the attack surface, Monero being a one-trick pony is precisely what makes it so secure.

OMG, u're stupid af! Try Bspin. its easy even for ya.
>Online Casino with Bitcoin main currency
>Players deposit, play and withdraw Bitcoin without any additional conversion.
>Many different deposit methods.

>>52510980
The fag is referring to Discreet. QRD from my memory:
>currently in testnet stage
>started via ICO
>they're selling coins that don't even exist yet

>>52511904
For anybody trying to detect shills, try reading their posts with an Indian accent and see if it sounds right. Exception being Ztrash, since they're legitimately retarded and/or paid to do it

Looks like Zcash is finally getting some worthy competition lol

>Cardano Is Launching New Privacy Blockchain and Token

Input Output Global (IOG), the firm behind the Cardano blockchain, is releasing a new privacy-focused blockchain called Midnight and a token called dust to accompany the new network.

The system will walk the line between preserving privacy and allowing regulators and auditors a backdoor into the system when permission is granted, he said

https://www.coindesk.com/business/2022/11/18/cardano-is-launching-new-privacy-blockchain-and-token/

>>52506927
I guess the literal only use for xmr would be illicit goods then, as you'd never be able to pay rent with XMR, because depending on todays exchange rate you might need to pay 4 XMR or 8 XMR, who knows? Which in turn means that all this "decentralized" "uncensorable" means jack shit, because all you need to do to censor XMR transactions is to pump and dump the price so people can't afford the prices of the items to be censored.

>>52511980
>as you'd never be able to pay rent with XMR,

Implying you'll be allowed to pay your rent with ANY crypto once CBDC Fedcoins are rolled out

>>52508528
>>52508581
ok but my metamask wallet is known by an exchange that has kyced me, I won't be anonymous if transfer my eth over?

>>52492618
You are totally forgetting about mining fees. Right now you need ~40 cents/transaction to get soonish confirmation. That number can easily become larger at the cost of making Bitcoin less useful for smaller transactions. On most exchanges withdrawing your BTC costs multiples of that already.

>https://twitter.com/monero/status/1593758396519485440

>>52512331
Is there a new guy running the account? It's gotten feisty all of a sudden

>>52493685
>People prefer just to keep it instead of investing or buying because tomorrow is going to worth more than today
Yeah, but people still need to buy food and want to have fun. Eventually they will need a new freezer or just want to reward themselves with something. All that might really happen is that people stop buying more useless shit than they need and even that only if deflation is very high.

>>52501729
Where can I get an anonymous Monero card?

>>52512936
CoinCards.com if you're an American

>>52512331
Surely this won't be in development for 8 years like Cardano, right???

Surely after that 8 year development process people will actually use it unlike Cardano, right???

>>52503746
>In the US cakepay can be used to instantly buy gift cards with any value, so you can pay with xmr in many traditional stores.
You can do something similar with most crypto cards. It's very based.

Why Monero is better than Zcash

I finally figured out how to train off of the NovelAI model.

Behold!

>>52504585
>Monero has a history of being surprisingly stable for a more popular crypto
Isn't this because Monero has a relatively large economy? That should stabilize the price.

>>52513227
I like the cute posing but that hand...

>>52513240
Fuck off /ic/

>>52492495
Monero is owned by China. The answer will always be no.

>>52513250
I want to have sex with monerochan.

>>52505967
Tau.net will fix shit like this in the future. They have tech that can make all voices be heard. However it's still a long way in the future but truly genuine cryptos like XMR or LTC will benefit from it

>>52513124
I meant something like a debit VISA card, not gift cards. Those are useful but too limited.

>>52513549
https://allark.io/

>>52513601
Nice.

>>52512331
>>52512412
>If we lose its the community's fault
Cringe

sisters
the tide turns

Realized I have some XMR on Binance (not US) that I hadn't moved to cold storage; any good VPN recommendations for someone living in US?

>>52513874
Mullvad

>>52513903
It's worth the $5? Can't say I've ever used a VPN because I just had seed boxes lying around, but I don't have those right now; I'm totally new to VPN's.

>>52513939
Mullvad has a strong reputation. I personally use OVPN, which proved in court that they don't keep logs.

>>52513874
Cryptostorm has a free vpn and isn't run by glowniggers (afaik)

>>52513874
I used mullvad for exactly this purpose.

>>52509048
bitcoin had a 500 billion marketcap. youre delusional if xmr cant do the same

>>52509365
or just buy moneto with cash and use a dex to trade into other curriencies

>>52513903
>>52513984
Thanks! It's so rare to see a centralized service that doesn't require an email; I'll be sure to keep it in mind for when I need a clear-net VPN.

>>52513976
Awesome! It looks like the kind of altruistic free service that you can trust, weird as that sounds.

>>52513959
Thanks for the recommendation!

>>52492495
>trust Pajit
>trust Pooh
>trust Bankman
>trust Ponyboy

Geee what could go wrong with his extradition

How do I turn USDC (ERC20) from my Metamask (addressed known to a KYCed exchange) anonymously into XMR?

Bank > Exchange > Metamask > ? > ? > ? > XMR

How does running my own node give me more opsec exactly
Doesn't that prove that I'm the originator of first hops on the network if it can be proven that I'm the only one connecting to the node
For the best opsec doesn't it make more sense to create my own public node, use a VPN/tor when connecting to the public node using the wallet, and getting people to use the public node (this creates noise on the network and creates plausible deniability)

Since I'm the owner of the node I can disable all network logging and such

Am I wrong here? Am I right? What's the best way to approach this

>>52514974
Buy a token and use changenow to turn it into XMR. You can use changenow over Tor/VPN just fine.

If you're extra paranoid about it wash the XMR into a new wallet after you receive it from changenow.

>>52515089
Uh, that website requires a credit/debit card to pay and if you suggest gift card visas, those stores have cameras so they know that you purchased them since there are cameras everywhere that can track and verify that its you.

Here's a book you should read.
When you do, imagine human instrumentality in the hands of a species of super intelligent AI's running on quantum computer server farms all networked to legions of military automated weapon systems such as networked and autonomous tanks and drones.
Any way, the book is /biz/ and privacy coin related in it's subject matter.

>>52515096
You do not have to pay changenow with visas you dumbass
You say you have USDC. Convert your USDC to Monero. You send USDC, you get XMR back. It's that simple.
They offer to buy crypto with FIAT but their notable service is crypto conversion. They do crypto2crypto conversion without KYC.

So if you need to anonymize coin, usually a good path is:
FIAT - > KYC EXCHANGE (or non-kyc if you can do it) -> BITCOIN/OTHER TOKEN -> CHANGENOW -> XMR -> WASH (optional)

Hope that helps. Just use the dialog box to choose what you're paying and the token you want to get back.

>>52515121
>>FIAT - > KYC EXCHANGE (or non-kyc if you can do it) -> BITCOIN/OTHER TOKEN
I am here with a Metamask address
>-> CHANGENOW -> XMR -> WASH (optional)
Won't changenow know my metamask address if I swap wrapped xmr to xmr?

the only viable holds right now

>>52515136
>Won't changenow know my metamask address?
Do the following if you're very very paranoid. Consider your threat model.
Once you get your XMR from them, you're already protected by very strong privacy built into the token. If you want more privacy, then you should use Tor for your exchanges/transfers, and wash the shit around. Move it across different wallets and tokens, and then finally back to XMR. Just doing it one time is usually enough.

Use Tor, move the crypto around, make it impossible to prove you own it.

>>52515200
Only viable holds are Bitcoin, XMR, and USDC
Bitcoin is the FIAT ramp and XMR is what everyone with 2 braincells is using
USDC is there to hold your assets in a stable trust in crypto form (XMR offload)

All other crypto = worthless shit, ETH technology is over hyped memeware. The only thing that matters in crypto is representing money

>>52515239
>Consider your threat model.
That's outdated methodology in the age of the internet and AI smart surveillance. Everyone has a threat value in an automated system. They'd be killing everyone if they had the resources, for now they just evaluate your priority in their shitlist system, but they can come after you anywhere on earth, every government and military and police force might as well all be the same organization now. The problem is they are still human beings but soon they all be replaced with machines.

>>52515200
Fuck off with this low quality bait
Change XMR logo to LINK or XRP and make your add there

>>52515281
If you think tracking 8 billion people and evaluating their threat level via AI analysis of their IRL and online activity is even remotely difficult, you are pathetically ignorant.
China's social credit score is childs play compared to the actual classified global system.
The game is over, we're just waiting on the development of the slaughter bot legions.

>>52515239
From what I understand, the moment XMR leaves the wallet, the receiver won't know the address.

>Bank (KYC) > Exchange (KYC) > Metamask (KYC) > Exchange 2 (KYC) > Buy XMR > Send XMR to XMR wallet (Anonymous) > Send XMR to XMR wallet 2 (Double Anonymous)
>Bank (KYC) > Exchange (KYC) > Metamask (KYC) > Secret Bridge (KYC) > Buy wXMR with wETH > bridge to Layer 1 XMR (KYC) > send to XMR wallet (Anonymous) > send to XMR wallet 2 (Double Anonymous)

Is this correct?

>>52515350
GPT-4 reads all text information on the entire internet once every couple minutes with super human level comprehension.
Just the act of you trying to hide yourself with monero and posting about it online has slightly elevated your threat level in your file in the global monitoring system.
You have absolutely no concept of what is happening right now in this world and what is about to happen, like most people.

>>52515350
Yes, that's right, and if it's a considerable amount of money you can offramp the XMR to various different tokens then repurchase XMR with those tokens and keep it in multiple wallets, like I said you can wash it as much as you feel you need to.

But the layout you posted is correct and will work for most people.

>>52515367
You trying to wake people up to glowie bullshit is raising your threat level to 69, schizo

>>52515383
It doesn't matter.
Humanities will not survive the coming decades.

>>52515383
If it's any consolidation, you're stupidity did impress me. Humans as a species love to have their arrogance and ignorance validated as a form of power, so I will give that to you for free as memento.

>>52515420
>You are stupidity did impress me
Likewise

>>52506520
>>52504125
>>52501228
>>52499970
…where is she now?

>>52515470
thank you
Humor should always punctuate the serious into the absurd, especially on the eve of Armageddon. Anything less wouldn't be poetic enough to qualify as reality.
I call this line of thinking bulldada.

*tee hee*
what's your seed anon?

>>52515350
Yea pretty much you got it. Anything sent on XMR is extremely solid privacy. The only really shitty opsec (that I absolutely see defend on reddit lol) is "transfer bitcoin to binance, convert XMR, send to drug dealer"- that I think is highly suspect as every agent in this equation knows more about you than they should. What you describe sounds fine.

>>52515367
FUD, into the trash you go. Everything you said is negative information, and listening to you is the opposite of learning.

>>52511955
>privacy and allowing regulators and auditors a backdoor into the system when permission is granted, he said
Similar to the view key feature with Railgun, privacy projects are seemingly ensuring that regulations don't grab them in the balls.kek

>>52514071
Even 30 billion is generous

>>52515273
USDC is a scam with no backing

>>52515587
Only a privacy and security retard will give you that

>>52515587
Not even a hard fuck can make anyone spill that, so you figure it out yourself. Already using ORE ID, retarded fag.

>>52515078
Dandelion++ tries to hide where a transaction originated from.
It's too complicated to explain it here.
But your node (and others) process tons of transactions all the time.
They are mixed together, forwarded to other nodes, etc. so that you can't tell with certainty where these transactions originated from, even if you are directly connected to the victim you want to de-anonymize.

i havent keptnup with crypto for a year.
is there any way monero plans on countering exchanges selling more monero than they have and artificially lowering the price?
if you look at the xmr chart it's obviously manipulated to hell.

Monero obviously still works fine as an anonymous way to transfer funds but I'd still like to see the price go up.

>>52516748
The exchanges doing that are going down like FTX

>>52516775
What makes you say that? Plenty of banks have failed but fractional reserve banking never went away.

>>52510980
Isn't seraphis going to implement something like smart contracts?

>>52517048

No.

>>52516748
If this were happening price of monero would depeg on decentralized exchanges. You sound like a seething goldbug.

>>52517278
Binance has issues with xmr withdrawals every single day.
Every. Single. Fucking. Day. For the past 2 years or so.
They clearly do not have the xmr they are selling.
No the network isn't congested and you can't keep on "having troubles" or "maintenance" for this long.
The only question is how much paper xmr they are selling.

>>52516748
>is there any way monero plans on countering exchanges selling more monero than they have and artificially lowering the price?
The plan is to be un-apologetically based and getting banned from the all of the exchanges.

Then we will have the decentralized exchange onramps, in addition to the localmonero.co.

The problem of exchanges selling paper monero will solve itself once monero gets banned from them all. Until then, stack the cheapies.

>>52517048
>>52517205
ok but they are promoting that seraphis will be able to do "Partial Funding" which in practice is to fund a tx with more ppl. Not sure if that qualifies as a smart contract but seems very similar.

See
https://youtu.be/XbMLK-aarKU?t=987

>>52517730
>"Partial Funding" which in practice is to fund a tx with more ppl. Not sure if that qualifies as a smart contract but seems very similar.
It is not a smart contract. It is just a way to refer to a transaction that's not yet broadcasted to the blockchain.

I think it is a cool capability to have. We can have decentralized and permissionless "gofundme" type fundraisers. Bcash has something similar: flipstarter.cash

>>52517774
Here's an example: https://freedomconvoy.cash/
Monero can have this type of fundraising, but even better, with full privacy and anonymity.

Hell, we can even have assassination markets based off of this.

>>52517798
>assassination markets
kek, we don't need that kind of publicity. we already have enough adoption problems because normies see monero as the scary drug money as the news tell them.

>>52517906
>kek, we don't need that kind of publicity. we already have enough adoption problems because normies see monero as the scary drug money
FUCK THE NORMIES.

Wtf, ya're stupid af! Try Bspin. its easy even for u.
>Online Casino with BTC main currency
>Players deposit, play and withdraw BTC without any additional conversion
>Many different dep52ytosit methods

>>52514129
>jeet who can't write good code
>chinese honeypot
>Jew

>fat autist who got v& by the feds for not giving up keys

This Is What Compliance Cucks Actually Believe

>>52512127
where ever you send that eth will be able to be traced. if youre really not trying to show minimal evidence, you could trade the eth p2p on localmonero so the trail doesnt show you sending it to any exchange or swap site.

>>52519093
Monero killers will go the same path as Ethereum killers

>>52519093
The fact that these people unironicaly believe having back doors is a good thing and that only some people should have privacy makes me sick.
What is even the point of crypto at that point when some people decide whether or not other people are worthy of such feature?

>>52516352
>>52516122
p-p-please anon-kun

>>52515587
>>52516122
>>52516352
>she asked nicely. do the needful.

>>52519984
:)

Praying for sub 100 tbqhwyf

>>52520728

We can only hope.

>>52492495
Does Monero even work in any practical sense? You physically can't use it with Ledger hardware wallets currently, lmao.

Unless someone knows otherwise.

>>52521621
What practical sense you need?
Use Cake Wallet to buy questionable stuff or to move money earned in questionable ways.
That's it.

>>52521621
>You physically can't use it with Ledger hardware wallets currently, lmao.
Works on my ledger lmao
Maybe stop being complete retard?

Are there any payment processors I can integrate into a site for xmr? I heard there was a btc one that’s compatible with xmr. Is that the only one?

>>52521699
>Are there any payment processors I can integrate into a site for xmr?
There are quite a few ones. And many more in the development. Check out the /r/Monero subreddit discussions:
https://libreddit.spike.codes/r/Monero/search?q=payment+processor&restrict_sr=on

> I heard there was a btc one that’s compatible with xmr.
The BtcPayServer can be set up for accepting Monero, too. Here are the instructions:
https://sethforprivacy.com/guides/accepting-monero-via-btcpay-server/

>>52515350
You don't need a second XMR wallet. Make a subaddress for receiving from the exchange. If you want to "churn" your coins, make new subaddresses and sweep from one to another. It looks exactly the same on the blockchain as using full separate wallets.

Friendly reminder to buy Zcash if you actually want to make it.

>>52521699
I'm sure there are. If not, you can always check out the developer documentation on getmonero.org to build your own. You should be able to use remote wallets too via RPC commands, just make sure to use proper encryption to prevent data leaks or any potential hacks against whatever site you run

>>52522339
I should add to this that it's a good idea to keep a number of coins in different subaddresses if you plan to buy things frequently, directly from your wallet. There's normally a ~10 block cool down in place to prevent spam attacks on the network, separating into multiple addresses allows for quick follow-up transactions since your entire balance wasn't locked by the previous transaction. Not sure if this lock is implemented by the network or the wallet, I'm kinda drunk rn

>>52509981

This is what happens when you rely on volunteers instead of paid professionals. And then the nimrods here have the nerve to shit talk the dev fund.

Z-chads know wussup.

>>52510532

Replace Dero with Zcash and you're right on the money.

>>52522430
>Not sure if this lock is implemented by the network or the wallet,
That lock is implemented by the network. It is for giving time to other utxos to get spent and shuffled around the ring signatures.

Reminder that the ZCucks are most likely paid shills. They're here to lie to you and try and turn a profit from scamming you out of your hard-earned money. Don't give in, they're lies are meaningless and they'll reap what they've sown.

There's a reason that anybody who's serious about privacy chooses Monero, and that reason is uncompromising security for everybody that needs it.

>>52522428
>>52522480
>>52522502
Here comes the z-faggot.

>>52522517
Thanks, anon. I couldn't remember which it was off the top of my head

>>52511891

You can have both if you use robust zero knowledge proofs like zk-snarks.

>>52522537
No problem, fren. Even though the 10-minute lock is annoying, one can route around this constraint by dividing his large utxos in his wallet into smaller denominations, so that he will always have a ~0.5 or ~0.1 XMR utxo available to spend without waiting.

>>52511955

Fuck off, there is demonstrably NO back door in Zcash no matter how badly you want there to be.

>>52513216

This shit again? Seriously, cant you faggots come up with any new FUD???

>>52514129

Some folks just gotta learn the hard way.

>>52515200

Replace BitDao with BTC and Monero with Zcash and you'll be doing much better.

>>52522584
What sort of schizo ramble is your picrel? You may want to consider a psychiatrist if you're seeing patterns in shit like that

>>52517989

No normies, no moon, retard.

Monerobros what's happening here? >>>52522054

>>52522732
We're not here for a moon, faggot. We're here for a viable currency, unlike your bullshit shill coin

>>52522767
Looks like that anon hasn't come to terms with the fact that BTC has been derailed by the eternal Jew. That being said, I don't see BTC disappearing for roughly 1 generation because nostalgia is a Hell of a drug and tends to keep things floating beyond reasonable expectations (nuclear energy, for example, is still considered incredibly dangerous in some circles because of Chernobyl).

I fully believe BTC will die, but probably not as quickly as some believe. Monero has more potential simply due to the fundamental differences between the two, which I think will cause XMR to flip BTC at some point within my lifetime. I'm not a mathematician or economist, I'm merely a man, so I won't pretend to have a timeline for this event other than it being withing my lifetime.

>>52522847
>has been derailed by the eternal Jew
how?

>>52522767
"Store of Value" is just copium because bitcoin is no longer usable as a day-to-day currency.
In any case, monero is a superior store of value because:
1. It is more fungible due to privacy
2. It has use in actual markets, which cushions the price volatility.
3. It implements tail emission to keep miners working in the long term, as opposed to slashing block reward every halfening

See also:
https://www.youtube.com/watch?v=wq6w03E2DS4
https://sethforprivacy.com/posts/fungibility-graveyard/
https://cryptostackers.substack.com/p/bitcoin-is-not-a-store-of-value

>>52523066
>how?
blockstream controls bitcoin development (or lack thereof) for its own profit.
https://www.youtube.com/watch?v=UYHFrf5ci_g
https://www.youtube.com/watch?v=tKYEQVPklLI
https://www.youtube.com/watch?v=0BZoKH-hX_o

>>52523107
thanks anon, actually i'm the op for the other thread kek. I'm doing my research on monero passing as a bitcoin maxi.

>>52523066
They cannot change(improve) the base layer(certain people in charge don't want to and chink miners wouldn't let it happen anyway) so instead they try to sell investors their new shiny broken L2s that are suppose to solve everything.
You can easily spot rotten btc maxi brain by them using one of these copium arguments:
>it's impossible for blockchain to handle tens of thousands transactions anyway so why bother with L1
>btc still has huge hash rate that can be used for other chains
>btc doesn't care about average people, instead it's tool for governments
>privacy isn't important and if it is important then use LN because it is private and low fee
>tainted bitcoins doesn't exist, it's just people problem, not protocol problem
>store of value bro, limited supply bro, we are early bro, xmr will get banned bro, etc
These are just few I remember when they come to these threads and try to argue how actually btc>xmr

>>52522520

Yes, every single competitor is a scammy rugpull, only Monero is legit, y"all totally dont sound like Bitcoin maxis now

>>52522533

Z-chads never quit.

>>52523337
Another easy way to spot a btc maxi is when they tell you their Raspberry Pi non-mining node contributes to decentralization
>meanwhile 3 mining pools control more than 50% of the hashrate

>>52523315
Yeah no prob dude.
My main point here is that BTC is still legit, but has some major problems because the community has been taken over by normalfags that don't really understand it. Ever since the bitcoin cash fork, bitcoiners have been working overtime to justify not increasing the block size (which was a reasonable change at the time even though BCH is dead as fuck now).
The reality is that bitcoin needs to change in order to survive in the long run, but the bitcoin community is now resistant to any actual upgrades. The bitcoin community only hears what it wants to hear, which is that bitcoin is perfect in every way:
Transaction fees too high? "It's a store of value"
Block reward unsustainable? "Tx fees will be enough to secure the network, just trust me bro"
CoinJoin broken? "That's user error somehow, just do WXYZ like me. no I don't have any experience on DNM why do you ask?".

The cryptocurrency market is very dangerous right now. Stay safe anon.

>>52522789

Mooning is what drives adoption, fool.

>>52520575
Scammers are usually subtle in their approach, and anons who are not security conscious are screwed.

>>52522767
Bitcoin was never intended to be a store of value; it was intended to be a peer-to-peer PayPal. Saying "store of value" is saying "it's broken and will never get better but hopefully it will stay valuable because of first mover advantage", which isn't how technology works.

Anyone in the Bitcoin community with half a brain is working on/supporting Taproot and Lightning, two technologies that are trying to work around Bitcoin's stagnated codebase add Monero's functionality on TOP of the original Bitcoin system because that functionality is needed to actually make Bitcoin work as peer-to-peer PayPal. There is an actual argument to be had about whether this is possible/desirable, but anyone acting like the future lies in being a "store of value" is really saying that the best use of Bitcoin is... not to use Bitcoin, which makes no sense.

Satoshi didn't build a "store of value". If he wanted that, he'd have bought precious metals.

>>52523518

>>52502197
there only is layer1 monero. All other "monero" is a scam or not truly decentralized/permissionless.

>>52503790
>Why should I buy gold if more gold is found everyday!
Go buy fucking dog coins you sad little loser.

>>52505301
There is a DAO. It's called network consensus.
Extreme example:
If the Devs (or more likely FEDS who stole their identity) wanted to remove privacy from monero we would simply not switch to the new fork. No DAO nonsense needed. No chance of the DAO getting hacked and fucking everything over. Plus, a DAO is just whoever has the most money rules, which is the current system.

NEW THREAD: >>52523981
>NEW THREAD: >>52523981
NEW THREAD: >>52523981
>NEW THREAD: >>52523981
NEW THREAD: >>52523981
>NEW THREAD: >>52523981

>>52506405
>lets assume for easy math 1 XMR = 100 USD today. We're "crabbing" so a year from now 1 XMR is still worth 100 USD. In the meantime USD has inflated and lost value. Shouldn't 100 USD then buy me LESS than 1 XMR as the dollar inflates constantly?

Let UsdInflation be the USD inflation rate per year such that 100 USD now = 100*(1+UsdInflation) USD in 365 days (that is, you need 100(1+UsdInflation) USD in 365 days to have the same purchasing power as 100 USD now).
Let N be the value of XMR in USD now.
Let F be the value of XMR in USD 365 days into the future.

Assume the inflation rate of XMR (inflationXMR) is 0.87% per year (this is technically false, but the difference from the amount it will decay is quite negligible for our timeframe)

Holding supply and demand constant:
F = (N)(1+UsdInflation)/(1+inflationXMR)

example: XMR is $100 now, UsdInflation is 10% = 0.10, XMR in 365 days is approximately 100(1+0.1)/(1+0.0087) = 109.05 USD.

So if XMR does not reach 109.05 USD in this situation then either the demand for XMR must have gone down or the available supply must have gone up, and if XMR goes above 109.05 USD in this situation then the demand for XMR must have gone up or available supply must have gone down.

>>52506405
>Is there a better way to deal with this problem?
Stable coins are not a solution to the current financial situation, but rather they are the problem. Stable coins are stable to the ever inflating US dollar (or, if they are eurostable then they are stable to the ever inflating euro).

It has most of the negatives from both fiat and crypto currencies with almost none of the benefits.
Stablecoins still inflate with their pair. Stablecoins are still centralized and can be frozen on the chain by the issuer. Stablecoins do not (to my knowledge) have a "refund" system and you can lose them. Stablecoins are often not stable and will depeg. I'm sure you can find other reasons to hate them because they are just a shitty version of fiat.

>>52508691
>>52508972

Even if you swap for XMR your government will see that your funds have changed hands and expect a tax cut for the gains realized by the swap (which, since it is staking, is a tax on the full value since you paid $0 for the staking rewards and gained whatever the value of link is at the swap).

Realistically there is no way to do what you want so you either pay your KYC tax or you bet on the tax man not noticing you swap your link rewards for XMR. After your link is converted to XMR it will be just as anonymous as everyone else's XMR.

>>52508998
you could use a burner sim. the ATM probably has a camera though.

buying p2p with cash is the best route of no KYC. Using a bank is KYC.

>>52509360
If you do it properly, sure, you could maybe avoid heuristics. Think about what the opposition will be seeing.
YOU swapping ___ link for XMR
some time later someone swaps XMR for a similar amount of link. Hmm... who could this person be?

You would need to at minimum wait between going link -> XMR and XMR -> link otherwise it will be trivial to deanonymize you. Don't use the same DEX either. Use Tor on a setup that avoids fingerprinting (tails is an easy to use option for this). And remember if you swap your staking rewards to XMR you need to use a sub address (imagine, you swap link to xmr and give the exchange address1 and then swap the rewards to xmr using the same address string, really defeats the point of what you're doing because they don't need to break monero at that point to know who you are).

At the end of the day however, how many other people are using link to swap to XMR over Tor? In this case Tor might even be fingerprinting you on the swap back to link (this is not Tor's fault, but rather due to the fact that there is no one else you can blend in with, similar to how the Tor browser "safer" setting can be worse than picking "safest" and the default because no one uses "safer" so your anonymity set is lower). It's tricky, and you would need to do some hard thinking about how to ensure your anonymity set is high enough. Something which I am unable to provide you as I do not know your circumstances. It also depends on how much risk you want to take.

>>52513300
imagine being this retarded

>>52522767
>Bitcoin is muh store of value! Currencies can totally store value without being useful as a currency!