/biz/ - Business & Finance

>>52621923
Monero is king

>>52621923
>>52621938
Shhhhhhht
I tried to swing with Eth and need a dip to swing back

1 year
-0% USD

>>52621923
Make it stack?

>>52621978

>>52621985
yo the fuck mr white doing in there??

MATIC still good.

is there an android wallet for monero one can trust?

>>52622164
Cake wallet, it has a lot of cred in Monero and Bitcoin circles

>>52622164
Cake wallet is pretty good.

>>52621923

It was inevitable, at the end of the day Bitcoin is backed by nothing more than maxi talking points and speculative hype while Monero is backed by real-world utilitarian demand and bricks of Colombian marching powder.

Hail to the One True King.

>>52622210
>BTC: 5.3 million miners. massively secured
Monero: 29k (lmao) miners. very unsecure
and lets not talk about the rumors going around about infinite printing.
nice "investment" faggots kek
"mic drop"

>>52622260
>BTC: 5.3 million miners. massively secured

lol secured by who exactly? Anonymous home miners who can defy OFAC sanctions with impunity or high-profile institutional miners who will inevitably be forced to start censoring transactions under threat of fines and criminal prosecution?


>and lets not talk about the rumors going around about infinite printing.

If there was infinite printing exchanges would be flush with excess XMR, the exact opposite is true.


>"mic drop"

Seems your IQ dropped there as well.

>>52622317
>If there was infinite printing exchanges would be flush with excess XMR, the exact opposite is true.
then whats ur excuse for this pathethic price action?

>>52622317
and you're right. 5.3 million miners is cringe. 29k is much better

>>52622260
>BTC: 5.3 million miners
5.3 million asics? (soon to be paper weights) lmfao
>rumors going around about infinite printing
the classic fud
>Monero: 29k (lmao) miners
citation needed, network hashrate is still at 3GH ath
>>52622324
>pathethic price action?
up 100% against your "golden standard" in a year. Cope.

>>52622260
>>52622333
here are your superiour miners, bro.

>>52622354
>citation needed
miningpoolstats(dot)stream/monero :) 2.7 and shrinking, not 3 kek
>up 100% in a year
>rank 24
kek

>>52622324
>then whats ur excuse for this pathethic price action?

How did utterly useless shit like Shibu Inu yield 45 million % gains? Irrational market is irrational. Until one day sanity returns.

>>52622260
>Bitcoin
Have to buy expensive specialized equipment that you can't use for anything else to mine. Favors big commercial operations. Both factors can be controlled, no plausible deniability.
Miners can see addresses and amounts, can censor transactions. Already being tested as OFAC compliant miners.
>Monero
Uses general purpose commodity hardware everyone has to mine. Plausible deniability, hard to target. A good RandomX miner is also a good CPU.
Miners cannot see addresses and amounts. Can't censor transactions.
Decentralized P2Pool that actually works and is a significant rising portion of the hash rate.
>nice "investment" faggots kek
It's not an investment, it's a currency. Monero, despite being 0.8% of Bitcoin's market cap, accounts for 6 to 10% of Bitcoin's transactions. And those transaction are not bullshit wash transactions.

>>52622333
>and you're right. 5.3 million miners is cringe. 29k is much better

29K (and growing) home miners incapable of TX censorship is objectively better than 100 billion institutional miners capable of TX censorship.

>>52622381
>Uses general purpose commodity hardware everyone has to mine
you will mine at a massive loss unless you buy the fanciest of CPU with only a motherboard to operate it (its like ASIC lol)

>>52622384
>29k is better than 100 billion
and that's why monero will always be outside the top 20

>>52622407
>you will mine at a massive loss

Yeah, most Monero miners these days mine at a loss for purely ideological reasons.

>>52622416
>and that's why monero will always be outside the top 20

As opposed to what, dog memes and OFAC-compliant Bitcoin?

>>52622426
>As opposed to what, dog memes and OFAC-compliant Bitcoin
yes. mainstream will always win. Monero is an underdog, an outcast, and it will always be "shunned" in one way or another

>>52622441
>Monero is an underdog, an outcast, and it will always be "shunned" in one way or another

That's precisely what makes it so damn cool.

>>52621923
Monero can't scale.

>>52622407
I mine for a few cents of profit per day with my Ryzen 3600 and old Intels. 0.08$/kWh here.
ASIC resistance means that even if I end up mining at a loss, it will be a small loss and it will still largely pay for itself. The rest will be regular cost just like me hosting I2P, Tor, torrents etc. has a cost but I don't really care. Also it's a space heater lol.

>>52622492
As opposed to what, Bitcoin? Whatever Lightning L2 faggotry there is, it can also be applied to Monero and since Monero can upgrade its network, it can be a much better adapted solution. As it stands today, there is just no need for it in Monero. Dynamic blockchain size ensures scaling in accordance with growing storage and bandwidth is possible while preventing spam. As it currently stands, we can't do "everyone on the planet uses it even to buy a candy", but we can do bank transfer level of transaction for a great portion of the internet.

>>52622441
You could say the same about Bitcoin in 2010

>>52621923
Monero is owned by China.

We don’t want your stupid commiecoin.

>>52622492
Very difficult for a privacy crypto that is not multi-chain composable to scale

>>52622164
Railway wallet. Not for monero but it supports anonymous transactions in that regard.

>>52622591
Owned by China? That's new

>>52622452
I don't think so. Not in a space like crypto where privacy rights can easily be compromised.

>>52622381
You can't censor transaction on Ethereum that has been shielded as well.

>>52622591
Crypto is banned in China you retard

>>52623244
Are you serious? Majority of Ethereum validators now censor transactions in the name of OFAC compliance. They straight up don't touch anything related to Tornado Cash.
https://www.mevwatch.info/
They can see whether you're using Tornado at all is a problem.

mmyyyyyyyyyy gooooooooooooood I LOVE XMR

>>52623890
Basado

>>52621923
I sold solana into USDC on a solana dex at $240.

That solana was purchased at $1.50 using the proceeds from my Monero purchase.

Monero is a shitcoin

>>52622381
>Have to buy expensive specialized equipment that you can't use for anything else to mine. Favors big commercial operations. Both factors can be controlled, no plausible deniability.
>Miners can see addresses and amounts, can censor transactions. Already being tested as OFAC compliant miners.
Not quite right. You can use excess equipment/energy to mine Bitcoin, thus contributing to a greener planet by ensuring that nothing goes to waste. Comparing Bitcoin and Monero makes no sense either. Monero is currency, Bitcoin is a baseline for fair valuation of assets. People used to value assets in terms of fiat or precious metals but this is wrong as both are subject to manipulations of all kind. Gold for example is manipulated via IOUs, derivatives, counterfeits, etc. and fiat can be and is devalued at will by money creation. This makes valuation of assets in terms of fiat and gold a stupid idea. On the other hand Bitcoin is auditable and immutable with a fixed supply. This is what a modern economy should stand on. Liquidity problems make Bitcoin a volatile asset right now but at the end of the day 1 BTC = 1 BTC

Gm, that's cool! Everybody knows that crypto is the future, but have you tried Bspin?

>Safe, secure Casino with a wide variety of provably fair BTCs games
>Huge Giveaway with 15,000$ Prize pool
>Trustworthy / Lightning fast performance / Champion minded team of experts

>>52621923
Based and bumped. 1 XMR = 20k in 2028. 1 BTC = 0, 1 stinklink = 0, 1 eefereum = 0. Patriots in charge trump will win 2024 and biz will be purged after the jeet smallpox and maxi/stinklinker/skellenigger purge executive order of 2026.

Regulate THIS, bitches

>>52624803
>You can use excess equipment/energy to mine Bitcoin, thus contributing to a greener planet by ensuring that nothing goes to waste.
A completely irrelevant point. You can do all that with Monero too, and if you care about green shit, then Monero's "miners" are just regular CPUs that can be reused for all sorts of things besides mining too. Just from the logistics point of view, ASICs are the waste here compared to CPU mining.
>Comparing Bitcoin and Monero makes no sense either. Monero is currency, Bitcoin is a baseline for fair valuation of assets.
Why? Why not?
>both are subject to manipulations of all kind
And Bitcoin isn't? CEXes do the same exact paper gold derivative debt shit. Fucking FTX is literally that. And just like with gold, self-custody is king.
>auditable
If your idea of auditability is snooping through everyone's transactions, no thanks. Monero is auditable too. The emission is known, and then there is math to prove everything checks out. If you have doubts then go find the problems in the math and in the code.
>fixed supply
So after a while there is zero incentive to secure the network except for transaction fees. No fresh trickle to account for lost coins and consolidation. Not great.
>at the end of the day 1 BTC = 1 BTC
Wrong. A fresh mined untainted BTC is worth a lot more than a BTC tainted by interacting with some sanctioned entity. Bitcoin is not fungible, a core requirement for sound money. 1 XMR really is = 1 XMR however.

>>52621923
I like to think about, which could would I buy if all had the exact same market cap, i.e., all things being equal.
monero is clearly the choice. it is actually useful as a bank account not controlled by you know who.
aside from that, maybe ethereum if you have use for smart contract faggotry though I personally don't

>>52625059
>And Bitcoin isn't? CEXes do the same exact paper gold derivative debt shit. Fucking FTX is literally that. And just like with gold, self-custody is king.
I thought it was already established that CEXes like FTX never really held BTC, they just pretended to do so. It's not really a Bitcoin issue at this point, but rather an user issue. Excuse the recurring adage, but not your keys not your coins. Since you mentioned gold, I'd like to point out that self-custody and gold are nice when it's proven that what you're holding is in fact gold. Even trusted banks were sold fake gold or had counterfeits in their inventories at some point. If banks can be scammed in such ways, imagine the common person with fewer verification methods/tools. https://www.ctvnews.ca/business/fake-gold-sold-at-ottawa-rbc-branch-royal-canadian-mint-investigates-1.3658491?cache=vpwzeytrnkqkdl

And this is precisely why Bitcoin is better than gold. There is no such thing as fake Bitcoin. If your wallet has a bitcoin balance, then it's bitcoin.
>So after a while there is zero incentive to secure the network except for transaction fees. No fresh trickle to account for lost coins and consolidation. Not great.
Many misconceptions and misunderstandings here. First of all, the current hash rate is insane right now. Even if a mass exodus of miners were to occur, there would be sufficient hash rate to secure the network. You forget miners compete between each other. This process filters out inefficient miners and allows newer ones to join the network as the mining difficulty adjusts. Miners can even merge-mine on Rootstock if incentives were truly an issue.
>Wrong. A fresh mined untainted BTC is worth a lot more than a BTC tainted by interacting with some sanctioned entity. Bitcoin is not fungible, a core requirement for sound money. 1 XMR really is = 1 XMR however.
Tainted BTC doesn't exist. It's an idea that people (CEXes) came up with. If CEXes are gone, then so does the idea of tainted BTC.

>>52621923
yeah. i had been getting xmr to pay streamers but i'm not giving them away anymore

2023 make it pack:
XMR
BTC
BNB

>>52626423
>Tainted BTC doesn't exist. It's an idea that people (CEXes) came up with. If CEXes are gone, then so does the idea of tainted BTC.
They would still dig into your history and try to cancel you. Even if the state is removed, peer pressure is still a thing.

>>52625059
>Bitcoin is not fungible, a core requirement for sound money.
Money isn't even fungible by your definition but it works. In case you failed to notice every note has an unique serial number on it.

And one last thing. Monero didn't need to exist, just like Litecoin and every other Bitcoin fork out there. Monero at the end of the day offers no real innovation over Bitcoin. CoinJoin and LN already is sufficient privacy. The fixed supply issue is moot. LN extends Bitcoin to smaller denominations (millisatoshis). In theory, there is no difference between infinite supply (Monero) and infinitely divisible supply (Bitcoin). Monero, just like Litecoin, was invented to give the creators and their friends and families a head-start in mining when they thought they were too late to mine Bitcoin. You can check the supply of Monero and how it makes an L curve typical of scam coins. Close to a third of the Monero supply was mined in the first year.

>>52623852
The transactions are not really censored, they just take more time to be confirmed. Right now 75% of the blocks are OFAC-compliant. This means that if your transaction was "censored", instead of taking 15 seconds to be confirmed, it would take 60.

Also it's not the validators doing the censoring, it's the MEV block builders. And as long as there is at least one that's not OFAC compliant, your transactions will be confirmed, albeit slower.

>>52622549
>we can't do "everyone on the planet uses it even to buy a candy"
But we can do "everyone on the planet uses it to buy some nosecandy".
And this is what ensures the long-term success.

parker = nigger

>>52622572
Which one is for buying heroin in the current year? And money laundering? I'm a sucker for utility.

>>52626541
>In case you failed to notice every note has an unique serial number on it.
Why emulate cash when you can have better then cash?
>Monero didn't need to exist, just like Litecoin and every other Bitcoin fork out there. Monero at the end of the day offers no real innovation over Bitcoin.
Haha. The entire reason Monero exists is because Bitcoin is a fossil and no improvement is possible to it. Bitcoin could've added the privacy and fungibility features, the dynamic block size and tail emission features. Most of these features were supposed to be added to Bitcoin at first, but they failed to improve anything at all, so here we are. But please cope how it's "actually not needed" and how Bitcoin is some god sent eternal perfection.
>CoinJoin and LN already is sufficient privacy.
Yeah, no. Those are things maxis came up with to tick boxes and hand wave away real criticism. They don't actually give a fuck about those. Every time we're amazed to see some people insist on not using Monero and jump through these hoops, only to get busted. "Should've used Monero" Just using those flags you, and wasabi censors sanctioned address. WTF is this halfass shit?
>supply
Not that much different from the advantage the early Bitcoiners got but more compressed in the grand scheme of things. Both suck actually but it's the best we've got. At least there is always new coins to mine with Monero.

>>52626620
And to what end? Now it's "just slower", and later when when ETH is completely taken over by financial institutions? And if they then cook up some "governance" shit to completely bar non censored transactions? Yeah speculation on my part, I won't be surprised though.

>>52626541
>Monero at the end of the day offers no real innovation over Bitcoin. CoinJoin and LN already is sufficient privacy.

lol sez you. The free market thinks otherwise.

>>52622210
how many of yall are actually getting shit delivered to your house?

>>52627421
>how many of yall are actually getting shit delivered to your house?

Safety in numbers, LE doesn't give a shit about recreational buyers.

>>52622037
>He doesn't know
Heh.

>>52621942
Swingies get the rope

>>52622324
>what is price suppression

>>52626712
Cash

>>52622416
Enjoy your CBDC tokens.
>>52624803
>1 BTC = 1 BTC
he fell for it.
>>52626423
>Tainted BTC doesn't exist. It's an idea that people (CEXes) came up with. If CEXes are gone, then so does the idea of tainted BTC.
If we pretend it doesn't exist then it doesn't exist! Brilliant! I forgot that accepting money from crime was only illegal because CEXs made it illegal!

>>52627250
Reminder that all bitcoin privacy solutions do absolutely nothing.