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54215140 No.54215140 [Reply] [Original]

Hypothetically, say I want insurance against capital controls and bank collapses etc (I'm a schizo btw), and I don't own any crypto at the moment.
My plan is to set up a monero (ticker: XMR) hot wallet to receive XMR from exchange and then send to the cold wallet for storage.
Is there any reason to own bitcoin (ticker: BTC), other than speculation? Assuming governments get more tyrannical they can easily associate a BTC wallet to you, and see all the transactions you've made and how much BTC you have.
XMR's private, cheaper and more scalable. Sure BTC may moon in the meantime, but does anyone dispute than XMR is better schizo insurance?

>> No.54215183

How dirty are you willing to get Amon?

>> No.54215192
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>>54215140
Go back faggot.

>> No.54215207
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>>54215183
What do you mean by that?

>>54215192
I'm here from /fit/.

>> No.54215245

>>54215140
Just buy litecoin it's a faster bitcoin fork and has liquidity everywhere if your intention is to have money saved for liquidity.

XMR is great but not for a newfag the wallet itself get's flagged by antivirus software.

>> No.54215292
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>>54215245
>antivirus software
I run Arch GNU/linux, I'll just use the CLI wallet.

>> No.54215310
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>>54215140
Plebbitors and Twatterers are not welcome. Kill yourself.

>> No.54215326
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>>54215292
xmr is fine but if your intention is liquidity litecoin is better, because xmr always loses a few exchanges every bullrun when regulators seethe.

Not that you can't bypass them but if you are a newfag it's not a good option.

Also buy a hardware wallet like a trezor, or ledger, if you want xmr , the cheap trezor is not compatible, so you will need the good trezor or a ledger.

>> No.54215328

>>54215310
The filename makes it clear I saved that gif from 4channel.org.

>> No.54215358

>>54215140
>XMR
>Private
Pick one

>> No.54215425
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>>54215358
Thanks for the gentle hazing chum.
Over on /fit/ we tell newfriends to drink an entire gallon of milk every day, if you can believe that.

>> No.54215450
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>>54215140
>I want insurance against capital controls and bank collapses etc
buy gold
>drink an entire gallon of milk every day
I unironically do this and still can't bulk, am I retarded?

>> No.54215456

>>54215140
>is there any reason to own Bitcoin
Liquidity, On/Off ramps. Monero is interesting, but at the end of the day is just another spinoff of the OG and if you needed to quickly turn to cash legally and quickly it would be quite difficult. It has its purpose as private cash and will stick around. But unless you run a cartel or work for ISIS, it’s better to just hold Bitcoin.

>> No.54215470

>>54215140
Monero is over, it gone! https://www.youtube.com/watch?v=wj4poJOInDo

>> No.54215503

>>54215450
>buy gold
I like gold, but I'd be concerned about divisibility as well as physically looking after it.
>I unironically do this
How much do you weight, what's your height and the rest of your diet like?

>> No.54215572
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>>54215328
>what is 4chanx
Filenames mean nothing. You have to go back.

>> No.54215573
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>>54215503
I'm asian so bear with my twig genes
>5'6
>weight stagnant around 135-140lb
>besides the milk, oriental gook diet of high protein, low fat meals like chicken and fish with mainly rice (probably 1800-2200 calories a day if I had to estimate)
>divisibility
like liquidity or cost? stick to silver if it's more in your financial ballpark but physical gold gets you more bang for your buck
>looking after it
it sits on your desk and you get to gaze upon it that's basically it anon

>> No.54215601

>>54215572
What are you even trying to prove at this point

>> No.54215628

>>54215573
You need to sugar your milk

>> No.54215692

>>54215573
>like liquidity or cost
Essentially that even small gold coins are still much too valuable for most purchases. Maybe silver is better.

Does the milk give you any gastrointestinal trouble? If it looks like the milk isn't working for weight gain I'd try keeping your chicken and fish, but just keep scaling up rice (white so you can eat more calories) and add nuts. I can only imagine that you're not absorbing the full calories from the milk, if I were you I'd measure out the rice and nuts and keep recording my weight, and just keep increasing the food intake while measuring your weight.

>> No.54215730

>>54215692
>Does the milk give you any gastrointestinal trouble?
lmao nope. lactose intolerant fags eternally btfo
yeah maybe I just need to work on increasing my portions

>> No.54215816

>>54215730
If you've been lean all your life anecdotally it takes a ton of calories to get your weight moving up. I don't know how old you are, but if you still might be growing in height it will be even worse.

>> No.54216618

>>54215140
>>54215358
Monero has better privacy properties than Bitcoin, but it is still deeply imperfect. Consider the following: you get a coin (one unspent transaction output) from an kyc exchange. You then spend it in a way the banking cartel doesn't like. As an example you donate to a honeypot donation address that was supposed to be for some spicy organization. Now the feds know that with 9% probability, you were the one who donated. If you got two utxo's from the exchange, and you sent them to the honeypot address in a single transaction, then you're giga-screwed. There's a very small chance (I estimate less than 1 in 10^5) chance that someone else sending to the honeypot address made such a transaction by chance.

For owning the bankers, monero is pretty good because it has significantly better privacy properties than BTC, has significant adoption, and is subject to significantly less violent price action than BTC. However, as with most privacy technologies, it's still extremely easy to screw up.

I'd recommend acquiring a small amount of XMR from an exchange to play around with, spend some time researching Monero and thinking about how you will use it, and when you acquire the bulk of your XMR, take precautions against having it tied to you (maybe buy p2p using something like localmonero.co, use mixing services, carefully send coins to yourself, etc).

For monetary assets that hedge against systemic shocks, I like both precious metals and monero. PMs don't disappear when the internet disappears, but can be only used physically. XMR does disappear when the internet disappears, but can be used to transact over the internet (and thus also across borders). Speaking of non-monetary assets, obviously stock up on food and ammo.

Also imo the only way monero is more scalable than bitcoin is in willingness to fork. The two blockchains grow at approximately the same number of gigabytes per year.

>> No.54216650
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>>54215140
XMR is literally the only cryptocurrency that attempts to achieve the original goal of peer to peer electronic cash (cash does not track you on every transaction).

>> No.54217091

>>54215140
>le epic leddit cat
Kill yourself.