/biz/ - Business & Finance

PREVIOUS THREAD: >>52817752

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://monerofund.org/

>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

Hold monero and stay comfy bros.

I think I messed up and lost 3 Litecoins... I used trocador.app and chose Majestic Bank to exchange for 1.5 XMR, it's been 2 hours now and the coins are nowhere to be found, do I just wait 24 hours before punching the wall? create support ticket with trocador or majestic?
I've done the same thing in the past, exchanging 2 or 3 Litecoins for XMR, but tonight the transaction failed? it now says the exchange is not available for US residents wtf

lads rich getting we are when?

>>52876017
Out, moonfags.

Lemme check......yep, still an infinite supply shitcoin.

Keep coping, midwits.

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

>>52875676
Full R logic

>>52876148
>Full R logic

Feel free to elaborate.

>>52875586
Still buying. Also hoping my artist has another commission slot open soon for second ANSI banner. Eventually, it might be cool to do a Monero-themed ANSI game or visual novel.

Based and cute Monerochan in OP pilled.

Riseup invites - 0.17 XMR
Cock.li invites - 0.035 XMR
imevil@cock.li

>>52876246
It's very wholesome for an AI image.

>>52875833
just use their support account thing, or email them. Have your transaction ID handy, as well as your ltc hash to show that you sent. remember your manners. nobody needs a BPD spergfest. and go full karen if they give you guff after a few interactions. don't mention you're a burger. they do have their own tor site. tor link at the bottom of the page.
t. had to go full karen on simpleswap, despite providing my sec view key showing the hash they provided wasn't mine.
tt. had a stalled out one a week ago with stealthex. they were marvelous in fixing me up.

>>52875687
>Hold monero and stay comfy bros.
basado

>>52876998
Tell you what, if you buy a riseup invite you get a cock.li invite for free.

>>52875687
I definitely want to hold monero
she would be so warm due to all the mining wouldn't she bros, would be fun to cuddle with during winter

>>52872302
>>supply equilibrium reached
>i think your assumption is wrong. what makes you think monero is going for an equilibrium between its inflation and deflation?
>if some day 100k xmr is lost, nothing guarantees that before that 100k are replenished again by the tail emission another 100k are not gonna be lost.
In the other hand you can neither assume that the loss of xmr is going to keep up with the tail emission.
>Anyway i'm a little pessimist in this matter, i think deflation will take over the coin and make it a store of value rather than a day-to-day currency.
This is a theoretical model over a time frame going to infinite. More supply more coin loss. Not immediately, maybe not even later, but eventually, yes. If supply goes down coin loss should go down. In reality you can't know or control any of this so thankfully the worst case is set to <0.85% inflation and decreasing. If deflationary, I don't think that's a real problem. Too much coin loss might also mean coin value is down (we have not taken over the world yet) deflation will pressure it up (a tiny bit).
In any case, we're talking about less than 1% a year fluctuations which will be completely overshadowed by price fluctuation. In any kind of practical scenario this has zero effect for the user. You can safely go full normie and pretend Monero is constant supply, you'll be off by less than 1%.

>>52872430
>in a couple of years when the linear mining reward is reached
The tail emission has been already reached this summer.

>>52877654
Agreed

>>52875586
North korea mining monero is bizzare af

Anything that isn't PoW is a scam.
Anything that isn't ASIC resistant is a scam.

>>52878612
Not as weird as the fact that North Korea has a lot of meth labs

>>52878652
Do they?
I guess you can exchange a lot of rice/weapons for meth.

>>52876125
Axis of time?

Comfiest hold.

>>52875687
Privacy is already turning out to be a trending narrative, keeping my fingers crossed to see how it will trigger crypto mainstream adoption

>>52875586
Monero looks like THAT!?

Any market for digital goods on TOR without fees?

>>52879537
Linux Pinephone holds well in the hand especially with reference cli wallet... Would give an arm for a feather arm build.

>>52879537

>>52876129
dangerously based

>>52876129
basado

anyone know where the discreet shills went? they were flooding up the xmr boards a week ago

>>52882815
They ran out of rupees due to bear market

>>52882815

Shills come in cycles: first it was the ButtPirates, then the Z-niggers, then Derotards and Failgunners, so the Discreet Pajeets will be back eventually.

>>52883070
I almost forgot how big number 2 used to be. I once made a parody thread for them, had like 10 posts most of which were us.
>>52877040
That's an AI? Well it does have the 1:1 ratio

>>52879894
that is literally me.

>>52875586
I can’t tell what is and isn’t made by ai anymore

>>52883143
lmao, we should do that again

>>52883143
>That's an AI?
The hands tipped me off, but you also have the mutilated coat buttons and the classic AI-generated anime eyes.

>>52876998
4 already sold, 3 left in stock.

>>52882815
It was one anon lol.
He was sockpuppeting.

the only viable holds right now
>XMR: anonymity
>ETH: dapps
>BIT: self governance

If Haveno's security model eliminates the chance of being scammed to a significant extent, does that mean we'll see better prices for monero than what's typically offered on localmonero? At first I thought the premiums were driven by the fact that it's non-KYC monero, but it does seem like the offer price is correlated with how risky the payment option is (for example, it's incredibly easy to do charge-backs on paypal, paypal offers are usually 20-30% over spot).

>>52889808
>>BIT: self governance
fuck off

NSA made bitcoin for CIA after 9/11. CIA did 9/11 cause they needed a bigger budget for overseas drug trafficking opening up in afghanistan after soviet union left and the trade tower 1993 bombs was a test run they went through with, coincidentally just 2 years after fall of soviet unon. CIA tricked department of defense into going to afghanistan over bin laden boogeyman and baited DOD into the WMD meme they just wanted slush fund money and an excuse to drop agents in afghanistan. CIA didnt want the banking system taking cuts of their profits anymore so they asked NSA to make bitcoin. Shadow banks that worked with CIA got mad over losing CIA as client and put heat on IRS to try to blackmail CIA and get them in trouble with DOJ. CIA realized they needed to bribe IRS privately outside banking system. CIA went to NSA NSA agreed to work on private ledger crypto. Monero was made IRS looked other way, shadow banks got mad. Shadow banks collaborated with public banks and made XRP. CIA responded with tether and seeded global crypto exchanges as traps for banks and hedge funds. Silicon valley picked up on things and made ethereum vitalik is a plant. Banks and WEF sided with ethereum as a hail mary to try and get power back after XRP failed.

>>52890335
So what should I hold?

>>52888249
>It was one anon lol.
>He was sockpuppeting.
If all of them leaving at once wasn't proof enough, nothing will be.

>>52890335
Uhhh.... Yeah..... Or they just made bitcoin because they can trace it and conduct mass surveillance on foreign nations (and their own citizens, but they could already do that pretty easily).

>>52889808
>BIT: self governance
why do you need an app to govern yourself? are you sure you know what self governance means?

>>52890840
when CBDCs take over, DAOs will be our only hope left anon

>>52890995
bullshit. why do you need some nebulous group of people to tell you what you can do? if you want self-governance, then self-govern you fuckin coward

>>52883280

>>52892087
Is that haikyuu cosplay?

>>52876017
I made this for (you)

>>52875586
What'cha you gonna do when they pass this anti-private money law?

>>52892840
Watch my bags moon? Wasn't the whole point of crypto to have a seperate economy outside the purview of ZOG? If XMR is truly the "privacy coin", any legislation couldn't touch it, and tons more people would adopt it, right? Why are so many people concerned about complying with government regulation?

>>52892840

Fuck the law.

>>52892840
>this anti-private money law
You mean the same way they have a law saying Marijuana is bad?
People still somehow manage..

How much would guys pay for riseup invites? Keep in mind they're pretty rare. I initially priced it at 0.17 XMR but am trying to get all sold off before christmas, so I'd be willing to lower the price

>>52889518
Big mommy moneros

>>52893248
>How much would guys pay for riseup invites?
I will pay you 0 xmr right now, take it or leave it.

>>52893550
I mean, you could probably round 0.4 XMR to 0 XMR. I'll take it. Send the 0.4 XMR, and I'll give you the invite

cheapies

MONEROMARKET.IO

Apart from Monero, what other crypto do you guys hold?

>>52896156
Your mom's titties.

>>52892840
What kind of question is that? We have to ‘do’ something? Do you work for the regulators?

>>52896156
lol

>>52896156
Wownero

>>52896156
I also own a CSGO skin

>>52896156
None. I've lost faith in everything except XMR. BTC can be saved but atm it's been coopted by tptb

>>52898727
my csgo skins were a better monetary investment than xmr but the xmr brings me freedom and no risk of getting banned by gaben

Is the Cake wallet secure enough?

>>52899734
Also would like to know, as I plan on keeping some in there just to have it mobile/ accessible

I <3 crab

>>52899124
is also why XMR will never pump, and is a simple currency that will never be traded on the CME

>>52900958
>is also why XMR will never pump, and is a simple currency that will never be traded on the CME

>Monero is too effective and useful to ever achieve significant valuation.

>>52875833
>>52877184


the good news: the funds arrived in my wallet , I was not expecting a 40 hour delay but oh well, better late than never

>>52893586

I just sent you 0.0 XMR, now I'm warmly wating for my invite :-)

>>52893248
says on their site that new invitees are tied to the person who gave them their code. does that mean you'd know the email addy of the person you invited?

https://nitter.net/DontTraceMeBruh/status/1603504938771877888
Will this be a free stress test, or a credible threat to Monero?

>>52899734
>>52899928
secure enough for small amounts, but your main stack should be on a secure device. One that is easy to setup would be Tails.


just like how if you had tons of cash, most of it would be in a safe at home, and you would take some out to spend.

>>52902063
at the very least it confirms jack is a complete dumbass who got extremely lucky

>>52902183
>jack is a complete dumbass who got extremely lucky
So like all the silicon valley retards?

>>52902214
you're not wrong

>>52901927
They might not have had enough liquidity at the time

>>52902063
Stress test and maybe a crime (like DDOS attacks), so if it does actual damage then someone could probably take him to court for lost funds or something

Bought my first Monero yesterday. Would you consider it a good investment or should i look at other cryptos? I like the concept of private money but i want to get rich also. Waiting 100 years to reach 3k $ doesn't seem appealing in all honesty.

>>52902063
The funding looks unrelated to monero. Jack is larping as a philanthropist by sending crypto to projects that he likes, and fiatjaf is apparently one of the devs involved with nostr, which is just another decentralized twitter clone (as if we haven't seen twenty other projects doing the same fucking thing). Fiatjaf did want to fund attacks on monero but that's not why jack gave him money.

>>52894040

Where? It's fucking 0.008. Sad.

>>52902645
>Waiting 100 years to reach 3k $ doesn't seem appealing in all honesty.
I don't think you understand the shown table at all.

>>52902645
>I like the concept of private money but i want to get rich also. Waiting 100 years to reach 3k $ doesn't seem appealing in all honesty.

>>52902645
>Waiting 100 years to reach 3k $ doesn't seem appealing in all honesty.
is this seriously what you got from the table.

>>52902645
Monero is the only asset in the cryptocurrency market that is not kept afloat by FED credit. Monero is not good for investing, it's a must-have bet against the Federal Reserve and Keynesian/communist economic policies and planning. So without credit and a low stable inflation, the only thing determining Monero's price is demand by utility. And look throughout the its existence, Monero's utility only increased, each and every time, and continues to do so. Many don't consider it, but Monero's devs and researchers have time and time again implemented fundamental technologies, ASIC resistance with randomX, IP address hiding in P2P networks with Dandelion++, taking away the power from mining pools with p2pool, smallest and fastest rangeproofs on the entire market with BP+. These are not only good innovations, but market leading innovations with utility outside of cryptocurrencies.

>>52903427
wen lambo wen lambo wen lambo wen lambo wen lambo wen lambo wen lambo wen lambo
>wen lambo wen lambo wen lambo wen lambo wen lambo wen lambo wen lambo wen lambo
The moonfags are starting to flock to Monero, I really hope the project doesn't get subverted just like bitcoin did with blockstream.

>>52903720
God told me Monero opposes the Antichrist, so it's likely to see turbulence. Either way, I will be here

>>52903699
What happens when the devs get arrested like they did with TornadoCash?

>>52904487
>What happens when the devs get arrested like they did with TornadoCash?

Most of the core devs are anonymous, they don't even submit code directly.

>>52904487
Sure arrest *is* possible, but the community is way larger, and there are schitzo devs.
>>52904521
There was a CCS proposal for redoing the entire networking stack by a guy that only submitted code through a trusted core dev. So yes, we have devs that literally cannot be arrested. Combine that with the fact that a few billion dollars of DNM revenue depends on the chain running.

What color of Lambo are you guys getting?

>>52905720
Brown Toyota

>>52903720
What prevents Monero from getting hijacked a la blockstream style?

>>52905896
community fork, because monero users are not as stupid as bitcoin users, and development is funded by donation.
Monero community has forked against malicious developers before and survived. https://localmonero.co/knowledge/monero-history is an interesting read.

>>52902645
No cryptocurrency is a great investment, but monero and bitcoin are less bad than most cryptocurrencies.
At the end of the day, the market is still in a massive speculative bubble. But what will survive after the crash? Stay safe.

Anyone ever had any issues buying XMR from Kucoin?

>>52906483
Kucoin does this thing where they bait you into their service with the "no KYC" thing, and then when you try to withdraw a high amount they'll lock your account and force you to KYC. Keep in mind they do have rules for how much you can withdraw daily/monthly, but there are a plethora of testimonies from users who were slowly withdrawing over weeks/months as to not hit the limits, but they still got flagged and their crypto held as ransom unless they KYC'd. I suggest using tradeogre instead, it has less trading pairs than kucoin but I've not heard of anyone getting their tradeogre account locked unless they KYC'd (I don't think you can KYC on tradeogre even if you wanted to).

>>52905896
It'd be up to Monero users.

>>52905720
White '99 Toyota Hilux

>>52901967
Email addresses are tied as in the inviter is linked to the invited person in their database to review if the inviter is malicious or not. The inviter doesn't see the email address of the invited person. And the linking data gets deleted after 1-2 months

>>52901956
Sent :)

>>52906800
>tradeogre
my 2FA doesn't work. I set up the QR code but it keeps saying "the token is expired"

>

>>52895490
Now that's what I want under my tree!

Bump for Seraphis/Jamtis: https://piped.video/watch?v=xGEBRQU1lzw

>>52906800
>Kucoin does this thing where they bait you into their service with the "no KYC" thing, and then when you try to withdraw a high amount they'll lock your account and force you to KYC. Keep in mind they do have rules for how much you can withdraw daily/monthly, but there are a plethora of testimonies from users who were slowly withdrawing over weeks/months as to not hit the limits, but they still got flagged and their crypto held as ransom unless they KYC'd.

Thank you Anon that is very useful to know.

>>52892840
Continue on as usual, since my money is private

Member when link niggers were all smug?
Feels good to be right.

>>52906030
>but monero and bitcoin
Never buying your bags.
Any crypto is better than bitcoin

>>52892840
>anti-private money law

Laugh my head off. That would backfire something terrible.

>>52902063
Nah hes just emulating elon. Big holders watch these people like hawks and move their money around based on their tweets. Jack is just trying to make a quick buck. Dont overthink it.

>>52902956
I know i dont.

what is the level of confidence oldfags like wirey have on monero's future, more specifically regarding the possibility of a nsa/cia cracking the cryptography

I was pondering using xmr as a high risk savings account; as a swiss bank

>>52910334
fuck me
ignore the typos

>>52910334
she's happy because she's shorting it right bros?

>>52910334
nsa and cia usually don't deal with cryptocurrencies, the departments you're looking for are the fbi and irs

>>52910357
well how confident are you the fbi/irs won't crack monero?
or any nerd out there really, as they have a bounty

What do you think of safex?
Is a fork of monero but with a marketplace integrated into the blockchain. It was created by the software ingeneer Daniel Dabek.

>>52910370
that bounty was given to two private corps

>>52910377
for doing what?

// i know all these questions have probably been asked plenty of times, but bear with me lads. plz

>>52910370
The bounty has been given to the corps to try and break Monero's cryptography which means if they do crack it, they get the money. They haven't been able to crack it though.

>>52910395
The bounty has been given to the corps to try and break Monero's cryptography which means if they do crack it, they get the money. They haven't been able to crack it though.

>>52910410
thanks for replying
how do you guys know it hasn't been cracked though?
i feel like if they did, they wouldn't publicly announce it, so how would you fine folks know

>>52910417
Chainalysis is a "blockchain analysis" platform. Their literal job is to make crypto data publicly available. Their customers pay them for the data. If they had cracked monero. They haven't offered anything related to Monero as of yet so it's safe to assume they haven't been able to do shit. The only way to "compromise" monero is running lots of remote nodes and logging everything. This can be circumvented by running your node.

>>52910417
Adding to >>52910439, Chainalysis have already cracked Zcash and advertise it as a product for their customers.

>>52910376
Daniel Dabek is a scammer, I remember hearing about him years ago at a conference, I didn't meet him but I was told by the organisers of the event to be carefull with a scammer promoting SAFEX, I was luck enough to not cross path with the scammers, I was later told that Dabek was kicked out, he never come back to Malta after that

>>52892874
A view key function will make Monero less of a target by regulators

>>52892874
>Why are so many people concerned about complying with government regulation?

Because they wrongly (or correctly, depending on how you look at it) assume that government regulations = MOOOOON!, since it means instatooshonal invoosters will jump in or have already jumped in. See the XRPiefag copypasta about what happens to companies the SEC sues.
The problem is that it assumes that the rules will be (((clarified))) to fit X being regulated. This doesn't apply to monero since it's already capable of being fully compliant with current financial regulations thanks to TX_extra; we just don't do it because fuck you we'd rather put the entire script of The Bee Movie in there

>>52905988
>community fork, because monero users are not as stupid as bitcoin users
this is what I'm scared about though. The fucking moonfags are migrating over and pretty soon monero users will be filled with bitcoin type brainlets, which is TERRIBLE for the future of the project.

we must take steps to avoid their mental rot from infesting our ecosystem, les we succumb to the same fate as bitcoin.

>>52910984
>TX_extra
Wasn't there a talking about removing it?
I thought I heard something like that in the koe seraphis talk.

>>52911168
>oh no my crypto is going to get popular

>>52911397
Fuck these zoomers, fuck these maxis, and fuck everybody now that I think of it

>>52910370
Monero can't be "cracked" unless it's encryption is broken, which would take quantum computing.
The vulnerabilities of ring signatures are already well understood. Check out Breaking Monero for a series that gets into this. If you don't want to watch it, just keep in mind that there is metadata that you release if you use KYC and this can be used against you, but Monero is like steel walls and Bitcoin is like a sandcastle if we are talking about protection.

>>52911458
fuck IDK they allowed webm here

>>52875687
Comfy
>>52889808
>the only viable holds right now
>>XMR: anonymity
>>ETH: dapps
>>BIT: self governance
>SYLO: decentralized and end-to-end encrypted

>>52911576
>the only comfy holds
>XMR, ETH
>and some fucking shitcoin I’m pumping

darkifi will be monero L2s

>>52875586
I paid in monero at my neighborhood restaurant. Got a 10% discount for paying in xmr and the government did not collect capital gains. eat shit government fags

>>52876998
Holiday sale :)
0.02 XMR - cock.li
0.1 XMR - riseup.net
Just mention you're from /biz/ in the email and you'll get ze discount

>>52912146
email: imevil@cock.li

>>52912146
Hey faggot, answer me this. Should I report your annoying bullshit for advertising? Let me know.

>>52912578
I have a Dynamic IP so please do

an AI could never

>>52912146
Stop spamming

>>52912037
cataclysmically based. I use Cake pay at Hooter's and Longhorn but I am trying to get more businesses onboard with direct PoS integrations.

>>52910334
>what is the level of confidence oldfags like wirey have on monero's future, more specifically regarding the possibility of a nsa/cia cracking the cryptography


Monero doesn't use custom-built cryptography, it relies on WIDELY-USED elliptic curves so if Monero is ever cracked it would mean that SSH, TLS and related protocols have also been cracked and the collapse of Western civilization as we know it is imminent.

And it would also certainly mean that BTC private keys have been cracked due to its reliance on EEC.

>>52910334
It's actually in the governments better interest to allow Monero to exist, perhaps do what off-chain analysis they can (because there's still plenty of that to be done) but it's not exactly unlike the government to allow crime to keep happening for their own benefit.

You let some bad guys sell drugs, slaves and guns (which they would have found ways to do REGARDLESS) and in turn you get a robust payment network and nobody can see you funneling dark budget money to people who (on paper) are in bed with our enemies.

tl;dr If the US federal government really wanted someone to break monero there would have been an extra comma on the bounty they offered and they would have helped.

>>52911357
I think this was addressed by the SeraiDEX guy when he was on Monerotalk. Basically they said it should be removed but won't be.

Completely unrelated note:
https://monero-mixer.in/
LOL. LMAO even.

>>52910334
See >>52913938. Monero uses ed25519 aka EdDSA

>>52915438
>monero mixer

>>52916486
to be fair, there is some use-case for monero mixers to prevent EAE attack. but this can be done with atomic swaps for example.

>>52916670
If you want to prevent eae just keep track of uxtos or don't use kyc.

>>52916670
>to be fair, there is some use-case for monero mixers to prevent EAE attack. but this can be done with atomic swaps for example.

WTF? There has never been a successful EAE attack out in the wild, likely because they're so easily avoidable, just bounce suspicious outputs off a freshly-seeded wallet or two. Or never deal with KYC entities in the first place.

>>52916818
>There has never been a successful EAE attack out in the wild
Wrong. The Lazarus group chain-hopped BTC (obtained in the WannaCry ransomware attacks) to XMR via sideshift, which was successfully de-anonymized by chainalysis because sideshift's API was able to give them important metadata about the transactions (the time of the transactions, the payment IDs, the amounts, etc). This was back in 2017, so monero had weaker tech than it does now (the Lazarus transactions only had 3 decoys in the ring signature), but regardless it was a notable EAE attack in monero.

>>52917585
damn 3 decoys and no randomx? 2017 monero was busted.

>>52917585
>Wrong. The Lazarus group chain-hopped BTC (obtained in the WannaCry ransomware attacks) to XMR via sideshift, which was successfully de-anonymized by chainalysis because sideshift's API was able to give them important metadata about the transactions (the time of the transactions, the payment IDs, the amounts, etc). This was back in 2017, so monero had weaker tech than it does now (the Lazarus transactions only had 3 decoys in the ring signature), but regardless it was a notable EAE attack in monero.

uh, that wasn't an EAE attack, that was full-blown retardation:

- used a custom ring sig of 4 instead of the standard 3 which made them stick out like a sore thumb. BTW custom ring sizes are impossible now.
- used payment IDs (off by default, deprecated in 2019)
- sloppy use of transparent ledgers
- depositing amounts totaling very close to the exact amount they stole into THE SAME transparent wallet
- all of the above on a KYC exchange

Lesson: Monero or any other privacy coin won't protect you from atrociously bad OPSEC.

monero extremist unite

Anyone else thinking of going to Monerotopia next May?

Line-up of speakers looks good and I've never been to Mexico so sounds like a fun vacation.

>>52919334
>going to an IRL event
No.
>in mexico
Fuck no.

>>52919454
Sorry the event doesn't cater to nolife neet losers

>>52919454
It sounds fun and adventurous.

https://www.youtube.com/watch?v=rL6zNCVuNrk

>>52903698
holy shit this is the most embarrassing post, outed yourself as a complete retard who can't read

>>52919454
Based

>>52919454
>>going to an IRL event
>>in mexico
Let me ask my mom first

>>52892874
The point of blockchain was the have the entire population using completely traceable digital tokens that use of can be shut down by a central authority.

>>52919591
>going to an IRL event specifically for people who wish to remain anonymous online
sounds like a glowies wet dream to catalog anyone who shows up

>>52919303
How much does it cost to build one of these things anyway?

>>52922083

An unknown amount of XMR.

>>52915438
>https://monero-mixer.in/
what the fuck LOL

>>52922083
I haven't really looked into it, but I'd imagine roughly $100 or less (~$20 in filament, the rest in metal and some miscellaneous tools). Mind you I'm making this estimate based off of pictures I've seen, literally no math has been done on my part

Will XMR work on ngrave?

Why does privacy general on /g/ never lists Monero-chan?
It is the perfect overlap of neckbeards with trannybooted T420s and anime wallpapers.

>>52923443
>buying a dedicated cold wallet from a company
https://www.ebay.com/sch/i.html?_nkw=used+laptop

>>52923443
>Will XMR work on ngrave?

Nigga, just install Featherwallet on Tails.

https://featherwallet.org/download/
https://tails.boum.org/doc/first_steps/persistence/index.en.html

>>52923773
crypto discussion is banned on /g/ newfag. This board exists precisely as a containment board to stop shitcoin spam from plaguing /g/

>>52923443
why fags love cold wallet devices?

>>52924060
A lot of people either suck at security and need something for that specific purpose or get a dopamine release off of buying niche super secret spy stuff. Same reason 10 year old boys become obsessed with becoming leet haxorz, they think it's cool and them owning it will make them cool by extension

>>52923443
that would be up to them. Keystone wallet is working with feather to support xmr.

>>52924060
Because most people don't want to have a whole dedicated laptop for cold storage. A device designed and dedicated to crypto can be made EXTREMELY secure by lowering the attack surface significantly.
Too bad all crypto wallets fucking suck and need retarded software to function. My ideal wallet would be a ColdCard but its bitshit only so usb stick plus LUKS it is.
>>52923443
Crypto wallets as they are right now only exist to be CONSOOMED no real purpose. Use a encrypted usb.

Anyone who is against monero price going to the moon is a COMMUNIST and wants monero to be BANNED in western countries so he can LARP as a "resistance fighter" against the West.
If monero is adopted, price SHOULD GO UP. If you don't like money, it is because you don't pay your own bills, and live in mommy's basement.

>>52924060
Lack of closure with immateriality. They need a physical device else they don't feel safe.
This feeling is very common with flat-earthers.

>>52924820
>>52924838
I suppose moonboys are technically Homo Sapiens, but sometimes I'm not so sure.

>>52924820
>If monero is adopted, price SHOULD GO UP.
Why?

I don't really care if price goes up or down, that's not the purpose of monero

>>52924838
>flat-earthers
I don't bro
I saw a debate with a flatearther and they have some good points. Now I don't know where we live
I certainly don't trust government. It could all be fake and a lie, just like the fiat fake money

>>52924137
>A lot of people either suck at security and need something for that specific purpose or get a dopamine release off of buying niche super secret spy stuff. Same reason 10 year old boys become obsessed with becoming leet haxorz, they think it's cool and them owning it will make them cool by extension
precisely this, cold wallets are for retards who can't use a secure distro or don't have the mental capability to just simply not connect your thinkpad to the internet

>>52924820
>Anyone who is against monero price going to the moon is a COMMUNIST and wants monero to be BANNED in western countries

god, they're already among us
>>52911168

>>52924921
>I saw a debate with a flatearther and they have some good points
Don't go full retard bro, I guarantee the arguments they used were not very good and probably only fooled you because you don't have the prerequisite skills to reason against it.

There are plenty of other well supported reasons to think the government is lying to you, this is not one of them.

>>52924921
>I saw a debate with a flatearther and they have some good points

>>52924921
>I saw a debate with a flatearther and they have some good points.

>>52925399
they argument it happens because of the distance and perspective. We believe we can see indefinitely far in a straight line like billions of trillions miles away, that might not be the case
like street lamps on a long road. They ones farther away look like they go close to the floor until you cannot see them but I know they are still there and they are over my head, the earth is not blocking the lamps. Meaning some places don't see polaris because polaris it's too far away from them, not because earth is blocking polaris.
anyway bros, this is not an earth shape discussion thread
peace

>>52896156
XRP and XLM

>>52925521
Average shitcoiner

>>52912578
nigga

>>52912884
>>someone offers a product for monero
>oh stop spamming
>>other pajeet cryptos come here and shill for their shit
>this is okay

>>52878636
Someone help me understand this
>>52829789
>step one: sweep_all (now you have one transaction)
>step two: sent 5% of funds to yourself. This freezes your entire balance but now you have one transaction with 95% and one transaction with 5%.
How/why does this freeze the balance?

>>52925702
you can only spend your funds when they reach a certain amount of confirmations on the blockchain, if you send everything to yourself this locks them until it's confirmed

>>52922083
~2.5 xmr using the kit

>>52925866
i might add that when you send everything to yourself, this combines everything into one output, so that every time you spend your xmr this one output gets used and the change (your entire rest balance, that gets sent back to you as part of the transaction) has to be reconfirmed after every transaction.

>>52925702
Monero uses randomx as a PoW algo. The algo changes every block (random, chosen based on the solved nonce I believe), and uses a lot of the cache and floating point stuff that only a CPU can excel at.
This has the effect of making mining decentralized. ASICs can't be made, as the manufacturers would just be trying to make a CPU. Video cards can run randomx, though CPUs are much more efficient.
>steps
sweeping is the act of spending an enote (maybe to yourself), and splitting the resulting outputs so you end up with many unspent enotes of equal size. Essentially breaking a $20 in to smaller parts (four fives, twenty ones, etc.) Sweeping uses the "pay to many" feature where a spend can be broken up to 16 outputs. Sweeping can also be just spending a single enote minus mining fee so the result is more current on the blockchain.
One does this as monero has a 10 block lock (~20 mins) on spent enotes for anonymity. Better to have some more change in one's wallet in case one wants to spend more prior to the enotes becoming unlocked.
Churning is the opposite, sending all of the unspent enotes to be combined into a single bulldog output. I do that for my hodlode.
Rember, with monero your wallet has to find it's enotes on the encrypted blockchain. With public blockchains the nodes provide everything for you. Finding shit from a year ago is data heavy.

>>52921038
Good that we have Monero and other privacy solutions like Railway, Dero that helps to make anonymous and untraceable txns. There's so much security risks attached to having all of one txns publicly visible on block explorers.

>>52926058
Stop slipping in that garbage with monero. You stick out like a sore thumb, faggot shill.

>>52926058
>Good that we have Monero and other shitcoins that nobody uses
Stop bundling us with your fag bags

cryptonote.org dead?

>>52924857
>10 people with $1 want $1 apple
>100 apples available
>supply => demand so price remains stable
>price may even decrease to get rid of extra supply

>10 people have $1 want $1 apple
>10 apples availavle
>supply => demand so price stable

>10 people with $1 want $1 apple
>1 apple available
>supply < demand so price goes up to whatever people are willing to pay for apple, assuming demand doesn't change for some reason

>>52920322
Damn it feels good to be a gangsta

holy shit does a full node really take a whole fucking day to sync, what a piece of shit

>>52926241
Get better internet

>>52926327
Actually get a better SSD

>>52926388
Both

>>52926140
My first post was shit. What I meant to say is, Why is monero's value increasing an event exclusive to its adoption? In the past when things get banned the value increases as the supply decreases so wouldn't monero's do the same? Or does that only apply to goods that are destroyed upon use and therefore suffer a real "supply" issue not just an issue of distribution/access.

>why does increased demand mean price will go up

>>52926058
lmao I once tried to say "Monero for private stuff, Solana for public stuff"; learn from me

>>52875586
I want to marry her

>>52911647
kek I'm always waiting for it when they start a list.
"I'm playing it safe in this market, only investing in bluechips like BTC, ETH, and HONK"

>>52926474
>Or does that only apply to goods that are destroyed upon use and therefore suffer a real "supply" issue not just an issue of distribution/access.

It's this. That being said, a price increase could happen if said banning resulted in coins being seized from exchanges since the policy is to *not* resell these like seized bitcoins

*not that anyone would be able to tell if they sodl anyways

>>52926058
go fuck yourself

lole

Been checking out the Monerotopia venue area on Google maps and street view. Looks like a decent neighborhood, and some nice hotels within walking distance. Lots of greenery + parks too.

>>52926832
Interesting! Thanks for the insight

Dumping more of my best AI monerochans

>>52919334
I think I'm going, I dont like Mexico City and chilangos but its a nice excuse to finaly visit.
>>52919454
Good, dont come Mexico is not for fagots.

try and spot the theme

last one for now

>>52928203
>I think I'm going, I dont like Mexico City and chilangos but its a nice excuse to finaly visit
What's the difference between them and other Mexicans?

>just further dox yourself and your dedication to using an alternative currency to fedbux also go to a 3rd world hellhole and risk being killed by the most powerful cartel on earth

No mas

>>52928212
>>52928223
>>52928233
kill yourself faggot with your altcoin

>>52928950
Wtf how new are you. Fuck off.

>>52928930
>just further dox yourself and your dedication to using an alternative currency to fedbux also go to a 3rd world hellhole and risk being killed by the most powerful cartel on earth
?

>>52928950
the salty bitcorner has revealed themselves

>>52928993
>going to an irl monero holder meet up

Shiggy diggy

>>52928212
these are good especially the eye detail

>>52929079
God has not given us the spirit of fear.

>>52924849
How is the gangsta druglord larp going on, basement neckbeard?

>>52911168
And this means monero suceeded, as it was made for the people, not for neckbeards larping as latino commie ganglord. Feels SO GOOD to be a normie. We going to associate monero to doggie memes.

>>52929129
PAging ArtAnon.
If there is a Saint Monerochan art that requires funding I might drop a bag.
Saint Monerochan in Ortodox Christian artstyle.

>>52929129
I'm sure some of the dumbest animals on earth also feel no fear

>>52929309

>>52928184
>>52928196
>>52928204
>>52928212
>>52928223
>>52928233
These are sooooooooooooooooooooooo GOOOOOOOOD

how to exchange btc for xmr? the exchange service unstoppableswap listed above has a max of 0.004 btc and the other ones just don't work at all.

>>52930170
try trocador.app . xmr centric swap aggregator.

>>52928233
This one is really good for an AI.

imevil@cock.li
cock.li and riseup invites christmas sale
0.02 for cock.li
0.1 for riseup

>>52905720

WOWnero

>>52905720
Black and orange of course.
Split horizontally in the middle to inco the monero logo on the side and monero chan itasha on the bonet just for good measure.

>>52933336
>Split horizontally in the middle to inco the monero logo on the side and monero chan itasha on the bonet just for good measure

Anime wraps sound fun.

>>52929171
Hi Luke.

Can I not send Monero to my own address?
I send a small amount to my primary address, to test if it works, and it only shows the out transaction but no in transaction.
The reason, that I want to do this, is so that I can increase the restore block height.

>>52936394
You can, that's called churning. On feather wallet you can send yourself a single amount divided into multiple parts, so that you can spend each amount without your entire balance being locked for 10 block confirmations

>>52936394
Sure you can. If on the GUI I think you have to select the wallet you sent to before it'll show in the transaction list, but I could be wrong

Sharing a few more AI highlights

>>52929171
>Saint Monerochan in Ortodox Christian artstyle.
Added to idea list on monerochan.art

>>52938277
>>52938236

>>52938236
>>52938277
She is suppose to be classy advocate for privacy not almost showing her private parts.

>>52938629
it's the pov when you have her private key

Christmas time is upon us, frens. First to respond to this post with dubs gets to chose which monerochan.art commission gets 0.5 xmr closer to its goal. I will donate it today after work.

>>52938819
The mining animation pixel art.

>>52938819
test

>>52938819
Checkum

>>52938819
roll

>>52938819
rollin, I'd go with
>As an angel with cyber wings

>>52938819
Rolling for shopping confidently

>>52938819
monerochan as Isis with a gigaSerapis representing consort

>>52875628
Proof of stake when?

>>52940784
>Proof of stake when?

Right after Zcash moons.

>>52938819
Zing.

>>52939201
fren rolling

god im retarded af

just respond if that counted kek

>>52941044
Looks like you win! Which art will receive the 0.5 XMR?

You still conduct all your real-world transactions in fiat, don't you?

>>52938819
Guess that’s me.

>>52896156
Algorand. It's dogshit as an investment vehicle but as a smart contract platform goes it's way better than ethereum.

>>52941058
I'm a poker guy, so:

3) At a high stakes poker game

>>52924527
That'd be pretty sick.

holding hands with the monero-chan!

>>52941183
how about a hug

>>52941058
Thanks for pointing out, also sent a smaller amount in the spirit of gifting, gotta give back to the community economy.

May monero thrive as long as current encryption works.

>>52941215
>>52941237
>>52941312
Cute and funny!

Some updated memes for 2023

>>52942022

NEW THREAD: >>52942053
>NEW THREAD: >>52942053
NEW THREAD: >>52942053
>NEW THREAD: >>52942053
NEW THREAD: >>52942053
>NEW THREAD: >>52942053

>>52942022
a millionaire!?!?!

>>52938819
im rollin

>>52942233
lol nvm didnt see the other anon won

>>52938629
view key, simple as