/biz/ - Business & Finance

>>54702403
>does anyone unironically think this will ever be used for anything other than tax evasion, drug dealing and other criminal shit?
No.

What's up with all the anti-Monero FUD recently?

>>54702403
At least it's actually useful

>>54702403
>does anyone unironically think this will ever be used for anything other than freedom

>>54702403
Thats the idea…. Duh

it's entire point is privacy. it won't ever be used for more than where illegal activity is involved. everything else can happen on bitcoin which conveniently doesn't lose value long term.
there's a large market being the largest decentralized mixing service with a small but still not non-existent merchant support.

but what monero and other privacy baggies don't get is that if you live in a world where you have to worry about your bitcoin being tainted, you have to worry about using monero, where all xmr are tainted. leading to the situation today where most exchanges don't support it, because every deposit would have to be treated as tainted funds.

>>54702403
that is a better use case than 99.9% of crypto

>>54702403
It won't even be used for that for long, it occupies a specific niche grift during the shitcoin speculative phase of hyperbitcoinization. Monero is one of the worst shitcoins.

As the laws on the books grows the use case for xmr grows simultaneously.

>>54702403
>he just named the only actual practical use cases of crypto
damn its almost like monero is good or something
>NOOO MY SPECULATION BEANIE BABY COINS ARE BETTER CAUSE NUMBER GO UP

>>54702403

Black market useage is the only type of adoption that isn't at risk of being rendered useless by a CBDC white market monopoly, Monero will continue being used regardless of legalities and regulations, business as usual.

Meanwhile, what are Bitfags going to do when Fedcoin is declared the only legal tender digital currency?


>>54702689
>hyperbitcoinization

How about you megalomaniacs re-bitcoinize the darknet first lmao

>>54702742
It's literally not good for anything but deceiving retarded shitcoiners into thinking simply buying Monero on Kraken gives them magic privacy.

>>54702775
>It's literally not good for anything but deceiving retarded shitcoiners into thinking simply buying Monero on Kraken gives them magic privacy.

>I'm not wrong, the market is wrong

>>54702787
what market dumb fuck? xmr is down 50% just this year lmao

>>54702425
Monero is a cult. It's no different than gamestop

my steroid sources don't even accept it, kek

>>54702804
>what market dumb fuck?

The real-world goods & services market where Bitcoin made its bones and which it dominated for 10 long years.

The only 100% crypto-based economy on the planet.

The market where fundamentals determine price as opposed to dogs.

The only market that doesn't depend on the government giving you a seat at the table.


>xmr is down 50% just this year lmao

Yes, while dog meme #264 is up 25 million %. Clownworld metrics vs real-world metrics, only actual adoption means anything.

Or are you going to make the case that Bitcoin losing a market it used to dominate actually makes it MORE valuable?

>>54702939
no chud you cant actually use crypto to buy things why would you ever do that?? just hold it and hope it goes up forever. Yeah you can't use it to buy things efficiently and it produces nothing and the government is increasingly regulating it as well as the places you can still exchange it but surely nothing will go wrong and my beanie babies will retain value forever even under increased regulatory scrutiny and rising interest rates

>>54702771
>what are Bitfags going to do when Fedcoin is declared the only legal tender digital currency
the same thing as monerofags, only they actually have the size to pull it off?

>>54702939
>The real-world goods & services market
illicit* goods and services market. monero doesn't/can't compete on plaintext commerce because nobody wants to accept it due to every coin having unwashable taint.

>>54702403
idc, but I have 1/50,000th
of the XMR that exists right now
my goal is to get to 1/10,000th of the XMR that will exist in the year 2100

>>54703039
You can't even use gold to buy things it produces nothing and the government us increasingly regulating it as well but you can still exchange it surely nothing will go wrong and my beanie babies will retain value forever even under increased regulatory scrutiny and rising interest rates

>>54702670
> all XMR is tainted
> fungible
> innocent till proven guilty
fuck off fudder, or get good fud

>>54702403
Imagine being so obsessed over this that you have to create constant fud threads
Or is this reverse shilling?

>>54702403
as the governments expand the definition of what isn't legal it will become more and more useful

>>54703322
Audit the supply quick and tell me how many that actually is.

>>54703353
>hurrr I have an unknown percentage of an unknown total supply of internet donkey dollars

>>54702939
you are too extreme fren.
fundamentals mean alot (long term)
but memes mean alot short to medium term
learn to ride the meme waves and you will have more XMR sooner
and meditate

>>54703266
> unwashable taint
lol, every USD is dripping in the blood of tortured babies and bombed syrian kids and that doesnt stop me or anyone and their mother from using it

>>54703353
atleast check my digits before being retarded
XMR supply is known thanks to block emissions faggot.
just because you dont understand a fact doesn't make it true.

>>54703403
Reminder there are no such thing as "fundamentals" when a handful characters hard fork your shitcoin every two months, there is just the new update lol

>>54703413
Hopefully no one accidentally made themselves an infinite supply of the coin during any one of the last 30 hard forks that no one would ever know about

>>54703266
>the same thing as monerofags, only they actually have the size to pull it off?

lol unlike Bitfags, Monerofags have the shadow economy (black market) to fall back on, a place to continuously exchange their coins for goods & services regardless of legal status.

>illicit* goods and services market. monero doesn't/can't compete on plaintext commerce because nobody wants to accept it due to every coin having unwashable taint.

lol illict market = permissionless economy, you can't be shut out of the black market. But you can be shut out of the white market, you have no guarantee that the State will continue tolerating the use of crypto in the mainstream economy in future, especially now they're preparing to roll out their own Fedcoin.

TL;DR: Bitcoin losing the black market makes it wholly dependent on the State allowing it a place in the mainstream economy. Yikes!

>>54703438
lol, XD. your legit retarded, no wonder you buy bitcorn
>>54702403
>does anyone unironically think this will ever be used for anything other than tax evasion, drug dealing and other criminal shit?
only use case for crypto, best at at it.
https://moneroj.net/dread_subscribers/

>>54702804
>xmr is down 50% just this year lmao
THE BEST performing asset of 2022, did you cut your nuts off when you cut your brain off to forget that
https://www.coingecko.com

>>54703353
>Audit the supply quick and tell me how many that actually is.
ok, less than bitcorn kek
https://moneroj.net/coins/

>>54702815
>Bitcoin is a cult. It's no different than gamestop
https://moneroj.net/coincards/

>>54702403
This is why I like Secret Network and other ETH privacy providing protocols like Railgun because there are diverse dapps with enhanced privacy being churned out from these, yet these brown fags think XMR is the "only coin".

>>54703683
>Secret Network
Privacy broken a few months ago, it has a use case as dex for monero. Railgun is a scam
you are brown

>>54703343
its the monero baggies that are spreading the fud by saying people will have to care about utxo taint. IF that's true, monero remains worse off than bitcoin with 100% taint 100% of the time.

>>54703403
right, and that's possible only if people don't try to blacklist bitcoin. if they go down that path, monero in its entirely simply gets blacklisted, and that's what we're seeing across the board for both but on a smaller scale.

>>54703563
they have a black market but it's not a fallback if bitcoin simply has to introduce privacy in order to "survive". an extinction-level event only mobilizes monero's competition from the handful of coins that can conclusively destroy it: bitcoin, ethereum, etc.

the only bull case for monero is that there are no widespread regulations outlawing cryptocurrencies and no onerous kyc/aml regulation. any other world and monero gets relegated to a shrinking slice of a shrinking market.

>>54703722
tainted cash is the most 1984 retarded idea ever

>>54703664
You've shown me the intended supply not the actual supply, which cannot ever be known.

>>54702403
>Does anyone unironically think bitcoin will ever be used for anything other than tax evasion, drug dealing and other criminal shit?

>>54703774
>not the actual supply,
? What, XD, kek lmao
>which cannot ever be known
-open source
https://www.youtube.com/watch?v=eBPqksG9nbA

>>54703821
>average monero holder larping drooling retard shitcoiner with zero technical knowledge

>>54703783
>muh Monero is like Bitcoin
Cope

Your shitcoin has been on the market for NINE (9) years and it has zero irl adoption. The price performance is also beyond pathetic. You're just a midwit holding heavy bags

>>54703722
>if bitcoin simply has to introduce privacy in order to "survive".

lol all proposed Bitcoin privacy solutions have already been examined and rejected by the relevant privacy-critical sectors.


> an extinction-level event only mobilizes monero's competition from the handful of coins that can conclusively destroy it: bitcoin, ethereum, etc.

lol so why not mobilize to halt the loss of the black market to an uppity shitcoin? How that even supposed to work, "muh ossified" BTC doesn't hard fork hahahaha

>>54703865
>zero irl adoption.

Literally retarded.

>>54703839
yea you got me good mr internet dollar knowledge.
kek, 10 post and not a single fact/link or brain cell to back up anything you posted.Not that you even understand what you posted, just rambling of a psychotic subhuman.

>>54703865
price performance LOL monero is supposed to be a currency idiot LOLLLLLLL i hold none by the way but you sound like a fucking child buying GME or some shit. again i hold no monero

>>54703868
>why not mobilize to defend whatever market puts monero at 1/100000 btc market cap?

I only like monerochan
She's my waifu

>>54703349
I also believe this, unironically. People haven't been scared into looking into non traceable options yet

>>54703877
>>54703885
>MUH ADOPSHION WILL PUMP DA PRICE
2014 OGs are down -30% in sats after holding for 9 fucking years

nice shitcoin lmao

>>54702815
Lmao, okay? Do you feel better after saying this? Kys faggot tranny

>>54702403
Any good digital cash needs to be usable for these purposes. Monero being the de facto darknet standard shows it to be the best contender for digital cash

Now being the superior technology unfortunately has nothing to do with token price going up.

>>54703868
that's just you believing that bitcoin won't adapt if it needs to, which is wrong and retarded

>>54703969
Again, the very first principle of Monero is infinite supply digital token, and everything else follows. Talking about "tech" for infinite money is really ridiculous.

>>54703928
2014 OGs are up you retard lol.

Its anonymity set is... people who use XMR. Have fun with your fed coin

>>54704028
>t. mETH head

>>54703969
darknets to begin with shouldn't exist, they shall be completely legal and that's something to aspire to, if something is deemed unacceptable (such as pedo rape shit) then it shouldn't exist also, which makes monero something that will eventually be not needed, assuming our society improves
the market shall have 0% black market, because the presence of black market is the consequence of a problem
monero won't hold value it's just a tool for the current times

>>54704081
No, although Ethereum offers significantly better "privacy" than does shitcoin monero

>>54703928
>>>MUH ADOPSHION WILL PUMP DA PRICE

In time, probably. Adoption = staying power.

and I would argue that in the case of an attack on cryptocurrencies and "fungibility" by countries wownero would be better suited to be a store of value than monero (if bitcoin doesn't adapt which by itself is retarded to imagine)

>>54703995
>that's just you believing that bitcoin won't adapt if it needs to, which is wrong and retarded

The time to start adapting was yesterday, CBDCs are already on the horizon with onerous regulations looming.

And Bitcoin is notoriously slow to evolve and change i.e. ossified, in a rapidly changing regulatory environment that is a potential death sentence.

>>54704028
>infinite supply

Brilliant

>>54704171
You cannot prove there isn't an infinite supply, so you are investing based on faith in the current update and all previous updates.

>>54704156
there's nothing to adapt right now, cbdcs have nothing to do with bitcoin, the only thing needed right now is to be able to resist attacks, which is as good as it can get right now
bitcoin isn't slow to apply a life threatening change, if something requires a change in under a day it will be changed under a day (then some people may or may not fork like for the bcash thing)

>>54704188
you cannot prove that bitcoin won't have an inflation bug today.

>>54704188
>You cannot prove there isn't an infinite supply, so you are investing based on faith in the current update and all previous updates.
yes you can fagot, kek, lmao. As for future proofing, if XMR get coopted like niggercoin by wall street you make a fork and or a roll back. you dont understand open source you don't understand blockchains. They are glorified torrents that can work as money. You would understand tail emission if your queer brain understood how mining work

>>54704226
But I will know if it happens.

also here is some scientific research done in proving the monero supply is accurate: moneroinflation.com

>>54704230
No you cannot, and I am not even criticizing tail emission which is also silly but not the core issue.

>>54704234
precisely

>>54704234
yeah, because the price of Bitcoin would immediately plummet lol. congrats you just played yourself.

>>54704249
>tail emission is silly
Tail emission is what is preventing (((lightning network))) from taking over you mongoloid.
also there will be less monero than bitcoin until 2040. Your "infinite supply" is just a buzzword. Learn math.

>>54704234
>But I will know if it happens.
15 post and still zero chromosomes.
XMR is open source, the supply is checked by monero nodes all the times. Its just the users are randomized so you dont know know who is who. Bitcorn had 2 inflation bugs so far, satoshi still has like 5% of the total supply fagot

>>54704255
if there's an inflation bug, it will be corrected as soon as possible, and the supply will be the same as before, it already happened, funny how useful it is to be able to audit the supply without relying on complex crypto assumptions

>>54704266
You're totally ignoring what I'm saying which is that the supply cannot be audited so if an inflation bug ever was present in any one of the dozens of previous or dozens of future hard forks no one could ever know unless the individual literally just started dumping it to literal zero instantly as opposed to just collecting free money. The fact there is a >0% chance that this is true makes this totally non investable even if it had other ideal properties, which it doesn't

>>54704188
>You cannot add up all the block rewards to prove supply

Except you can. You can do this in bitcoin too, fyi. How exactly do you think the first inflation bug was detected?

>>54704282
>it will be corrected as soon as possible
If you actually think the trust of Bitcoin wouldn't be completely eroded after a disastrous inflation bug I don't know what to tell you. They would lose all credibility as a safe asset and everyone would GTFO overnight.

>>54704292
see:>>54704240
The supply is proven by the mathematics that are proofs which are understood.

>>54704305
Yes, it would be eroded, but it *could* be known. Why are shitcoiners so dense?

>>54704314
>"haha yes it would be known! even though I would lose all my value overnight, I know it haha!"
The irony here is that it would be better in the Monero scenario, because it would at least appear that something is wrong if suddenly massive amounts of XMR started getting dumped overnight. This would give savvier XMR users a chance to hedge incase a bug is happening.

>>54704329
It's not about anything even occurring dumb fuck. It's no wonder you people fell for this shitcoin you're like literally retarded

>>54704292
source: crack-pipe
The supply is open source validated by nodes. The (scary) math is no more difficult to verify than that bitcoins seeds are secure. XMR is not a LMAO private code, its open source. The address are randomized and hidden.
17 post and zero chromosomes. If XMR gets co-opted like bitcoin did by wallstret, it can be forked and or rollbacked, that's what future proof any blockchain that isn't a corporate scam.
You not just wrong but lying with intent as well

>>54704188
>You cannot prove there isn't an infinite supply

Zero-knowledge proving aside, an infinite supply would inevitably be felt in the economy. You feel the effects of PRINTER GO BRRRRRR even if it happens in secret.

The XMR price is legendarily stable, ergo the crabcoin meme. Monero is experiencing the same issues with paper XMR that Bitcoin is e.g. lack of actual supply on exchanges resulting in suspended withdrawals.

The above wouldn't be the case if there was an excess of XMR in circulation.


>so you are investing based on faith in the current update and all previous updates.

Investing? Crypto is for using.

>>54704292
This also applies to every crypto. There's basically 7 errors per 100 lines of code regardless of the software. Your fud isn't specific to monero and i'm surprised you know how to use a computer

>>54704352
Except it is, you retard.
But in the Bitcoin scenario, you would immediately lose everything.
Do you want me to make a diagram to show you how this works? Why haven't you responded to that moneroinflation.com link I posted? Does this go against what you are sperging out about?

>>54704282
>if there's an inflation bug, it will be corrected as soon as possible, and the supply will be the same as before, it already happened, funny how useful it is to be able to audit the supply without relying on complex crypto assumptions

Yeah, and how was that inflation bug fixed? By rolling back the chain and invalidating dozens of legitimate transactions in the process. Not such a big deal in 2010 but today? Fucking catastrophic, it would destroy the immutability principle so you'd never be able to trust Bitcoin again.

>>54702670
Nobody will adopt a currency for regular daily use where their transactions and balance are open for anyone to see. Imagine every time you used your credit/debit card the store clerk could see every single thing you have ever bought.

>>54704355
Moneros price isn't stable, if anything it's strange how one of the arguably better niche cryptos has underperformed literally everything else as bad as it has. As for the rest, I'm trying rephrasing shit to monero holders that don't even know how to read.

>>54704416
>Moneros price isn't stable, if anything it's strange how one of the arguably better niche cryptos has underperformed literally everything else as bad as it has

Price action in a demonstrably irrational market is inherently meaningless.

>>54704536
And a shitcoin that is slightly more convenient to trade for bags of weed on the internet thanks to the liquidity of bitcoin and associated griftcoins is inherently worthless.

>>54704416
Monero's market cap is so low that the US government's discretionary income alone can suppress the price indefinitely, even without kneecapping exchanges. The only way it will ever be a relevant token is if it sees sudden and massive adoption, but because it's on the bad goy list of crypto despite its utility, you got DOGE shilled instead.

>>54704562
>And a shitcoin that is slightly more convenient to trade for bags of weed on the internet thanks to the liquidity of bitcoin and associated griftcoins is inherently worthless.

Weed? Monero is a certified cocaine coin!

>>54704577
Muh asic resistance also ensures a single supercomputer could btfo this larpy shitcoin but why bother when the anonymity set is just 100 dudes buying weed and 1000 /biz/lets stacking on kraken. I'm sure cryptonote isn't backdoored either nope monero is just one click magic privacy and definitely not a shitcoin grift

>>54704614
>buy $300 worth of monero on fully kyc'd exchange on iphone
>send to app store
>hold for 20-30 days to achieve anonymity
>use tor app to go to childsnuffandcocaine09736362.onion
>order $250 worth of Chinese research chemical and tranny hormones to home address
>other 25 transactions are fed spam
>random man in Indonesia sells another $250k worth of his infinite xmr he exploited on hard fork version 34.5 to buy blow and gay hookers to piss on him
>bitcoin btfo

>>54704614
I actually tried getting permission from a university to use their supercomputer for monero mining and they said no, presumably supercomputers are put to work doing more useful stuff. Consider monero's network hash rate is known so a supercomputer would show up and the difficulty would spike accordingly

>>54704753
I meant if a bad actor wanted to shut down their backdoored honeypot infinite money printer

>>54704614
Absolute retard.
Asics are supercomputers for a blockchain. Also said magic computer would crack your bitcorn and bank account.
In fact randomX gives protection against it. It it would start outhasing monero. We can stop and rollback thr chain at that exact point. change the mining algo and brick their trillion dollar gizmo. And or wait for supercomputers to be open source and available to everone to compete. Cat and mouse

>>54702403

Put your bike helmet on you drooling mongoloid

>>54704709
>>other 25 transactions are fed spam
why are there only a few darkmarket vendors on jail than XD.
Transactions en mass are cost prohibitive, randomosation is only one of a whole set of privacy features xmr has.
Even if your stupid enaugh to kyc on iphone, you do t have to wait 30 days. Justa a bit and maybe a churn. If your super paranoid you can sell xmr to a different coin and back to xmr for a classical mix. Its superior to btc or creditcards on the dark web.
No inflation bug unlike bitcoins two. Not a chain trace backdoor public ledger like bitcoin prototype cbdc. Cheep to use and decentralised.
Bitcoin btfo indeed. Why are arrogant and delusional.
If you get dirty ditcoin on your fonation adress your life is over. Why are you so stupid. Why do you think they promote bitcorn on every step while removing xmr from CEX ! Think anon, I know you can do it if you try hard enaugh.

>>54702403
It’s got all the earmarks of a coin that could make you rich, which is what monerocels want deep down. Idk if it’s going to happen though.

Sounds good enough for me.
What else do you need?

>>54704353
OP is a massive faggot, why put so much effort into FUDing Monero, lmao. If that faggot does not like it then he (who will never be a woman) simply does not have to buy/use it.

>>54702403
I use it for some legal stuffs, some people just enjoy not having their transactions be traced.

It's how normal money work, and when paper money is finally dealt with for good something have to become a substitute.

>>54702403
>does anyone unironically think this will ever be used for anything other than tax evasion, drug dealing and other criminal shit

as opposed to nothing, like every other "crypto"

>>54704292
number of show-stopping inflation bugs in Bitcoin : 1+
number of inflation bugs in Monero: 0