/biz/ - Business & Finance

>Monero
i'm going to assume you're just a midwit and not some monero baggie.

there is no benefit monero can bring you in a world of surveillance and restrictions around "tainted" cryptocurrencies. monero and other pseudo-privacy systems will simply be banned and all coins within or passing through their networks considered as tainted.
there is nothing you can do about this.

if your solution is "monero", you're restricted to the black market, underground, or countries that do not participate.
but those countries will also happily accept "tainted' cryptocurrencies for the exact same reasons, they do not care about kike-your-customer laws, thus leading to monero being less useful in these economies as they don't also carry white market uses.

there's no world where monero thrives that doesn't also allow auditable blockchains to.

>>56103471
/thread

>>56103471
Damn a whole lot of bullshit right here Anon, it’s funny what stupid people believe or think they can gauge and speculate some sort of idea of what’s coming. No doubt monero will continue to serve a purpose for its users, and its usecase becomes more applicable with gov’s banning crypto and forcing people into fiat slavery. you underestimate how worthless fiat is for holding and how priceless crypto is

>>56103694
I honestly can't tell if jeet or chud anymore

>>56103710
>no arguement, Just another dumb nigger broadcasting his stupidity

>56103471
>56103532
Samefagging with a /thread does not help your arguments anon.

>>56103694
it can serve a purpose like bitcoin mixers serve a purpose. they are both equally affected by onerous privacy laws, only one also has utility within the system.

>>56103732
>too feminine to quote properly
get your t levels checked, little boy.

Brexit means
> we win, again

>>56103399
>Is it time for Monero to rise?
It's going to do precisely the opposite (along with all private trackers and none kyc defi products) as it's delisted from major exchanges to comply with upcoming transaction treacability regulations.

Actual fact.

>>56103865
the advantage of defi and things on ethereum is that you don't necessarily need a centralized exchange in the first place. it's why north korea "laundered" with tornado cash, public ethereum bridges, and eastern exchanges, and never with monero.
it's also why tornado cash caught real heat and monero is just getting the retail squeeze. tornado cash was integrated, liquid, and brought large amounts of privacy to a lot of people very quickly. a zero trust contract on a public network that actually does things that aren't all black market activities is more dangerous than a silo'd network for drug users.

>>56103471
>it doesnt work because it will be banned
So it will work up until it is banned, then.

>>56103399
> 2026
Kek. Time tl go full self custody and close all my accounts

>>56103710
>jeet
Using racial slurs is chud behaviour.

>>56103912
banning monero won't stop it working, it'll just make it as useful as tainted btc is. monero baggies don't seem to understand that they need to be fighting against coin "taint" and invasive tracking of public blockchains. base layer privacy does not matter when your network's only purpose is privacy.
if you make your network intrinsically illegal don't expect to out compete those who can serve both sides while you're forever stuck on one.

>>56103772
Yes both serve a purpose.
>>56103865
>“Actual fact”
Lmao lol kek oh god Anon please short Monero with your actual facts. Monero is laughably small market cap. Please god almighty listen to this fucking retard and let Monero believers get some sub 100 coins. Hahaha god you are stupid Anon
>>56103895
Ok I see why you are stupid. You are an eth guy. J.P. Morgan as a service to run web apps which have some tangible relation to a shit centralized quasi JP morgan cloud. Anyway I don’t expect you to understand me or learn anything. But it’s an absolute fact you are very mistaken, and what you think is very stupid as such(stupid thoughts lead to mistakes, Anon.)

>>56103942
Here ya go chumpster
https://www.fca.org.uk/news/statements/fca-sets-out-expectations-uk-cryptoasset-businesses-complying-travel-rule

>>56103942
don't really care about ethereum, but there's no liquid decentralized market outside of ethereum these days. it's the playground for the intersection between regulated markets and unregulated markets.

there's nothing i can learn from anything you say, not sure why you would think there is. i have a much stronger understanding about monero than you do, clearly.

this is not a technical problem and there's no technical solution, this is the fate bytecoin developers made for themselves and the monero fork inherited. it's still a somewhat useful tool, but nobody is going to build an economy on a piece of privacy technology. black markets do not survive without their tendrils spread into the white market world and monero can not offer you those tendrils.

>>56103938
For the reason of filtering normies, I will continue to call you stupid fucks NIGGERS. Your attempts to categorize are amusing though.

>>56103471
>t-they ban it, and then you won't be able to use it because it'll be against the rules!
Dull little statist slavemind

>>56103399
Will it apply retroactive?
Or should one just close all accounts before the deadline

>>56104017
you'll also be able to use any public blockchain you like too, with no restrictions (>>56103939). funny how that works, huh.

>>56104019
if you've been using a centralized exchange with your kike-your-customer info and thinking you can avoid tax in perpetuity you're a retard.

>>56104053
Just asked

Ebay etc also started reporting at a deadline, so?

>>56103399
Kek. They should have released this during the bull run. My remaining bags are worth <1% of the taxes I owe.

>>56104069
it's entirely down to how the law is written, if they always should have been reporting they will, if it's a legal amendment it they might anyway, or might not.
either way you should always assume centralized entities with your identifying information are reporting everything or saving everything to report later to save their asses.

>>56103399
>IT'S WRITTEN ON THIS PAPER RIGHT THERE THAT YOU'RE A SLAVE

>>56104407
Lmao. ! Follow the slave rules!

If they make monero illegal I will just buy it from currency dealers.

>>56105130
you'll be able to buy it with atomic swaps on bitcoin anyway, or p2p markets, but that isn't the problem. the problem is monero doesn't have an answer in a world where privacy is a crime, monero's only chance is privacy is desired and legal for the general public.

>>56105208
Don't care if it's a crime. Still using monero.

>>56105208
The solution there is to just go somewhere else. It's not like your home country is desirable after it got filled with niggers.

>>56105248
lots of regulatory arbitrage possibilities, but monero is just a tiny part of that. if you ignore the law entirely you simply don't need a privacy tool like monero. you don't care that people have marked your coins as outputs from a mixing service the same way you don't care they've blacklisted monero itself.

>>56103857
terrifyingly based old chap what

>>56103471
>le drugs will be banned therefore nobody will use them and they will be worthless

>>56105424
try reading it again, or translate it into whatever third world gibberish you speak.

>>56103399
I already pay my taxes anyway, so it's good news to me. I can't stand tax avoiders.

>>56103939
You maxis need to decide if you want something that works or something that's compliant with surveillance obsessed states.

And Monero will always be more useful than BTC, tainted or not. You still have no privacy with tainted coins, that's why they're tainted.

>>56105872
good goy

>>56103939
>need to be fighting against invasive tracking
>hey stop looking at my public blockchain
Just ridiculous. The only way to do it is like Monero does it.

>>56103471
This.
They basically get you at the withdrawal phase, Monero is all good until you want to use money to pay for your expenses.

>>56105980
>>56103471
Monero will work once society has collapsed and the blockchain run on a decentralized mesh internet. In this anarchist post-apocalyptic world using a public blockchain will mean exposing yourself to the scrutiny of powerful quasi-state criminal groups that are tracking you for your organs.

>>56105283
No because when you fuck up and get your bitcoin tainted you just lost a lot of money because it's worth less.

And you retards need to understand there's a lot of reasons to want privacy. None of you idiots are thinking in terms of a currency. Then you make really stupid statements because you're only thinking about how much some fool in the future might pay for your useless coins.

>>56103471
>you're restricted to the black market
You have ACCESS to the black market. Every other "cryptocurrency" is literally useless.

>>56103399
>effective Jan. 1, 2026.

>>56103399
THE PRIVACY FAGS WERE RIGHT, WE ARE FUCKED

>>56105877
>>56105957
>>56106031
>>56106103
you clearly don't get it.
the whole point is that monero is as easily blacklisted as bitcoin mixers are. what that means is purely regulatory and has nothing to do with the underlying tech.

monero does not solve the core problem of coin taint and blacklisted funds, it just redistributes that risk to every single monero user instead of just the "bad actors".

How will they track lightning btw?

>>56107513
by rejecting transactions from TOR relays. This has already begun.

>>56107513
lightning channels can be tracked if they're "public", but most are private. private channels can be tracked by anyone that ends up in the liquidity chain when you pay, though there is onion routing so if a pays b via c, b can only see that c was the source of funds, iirc.

the key with lightning though is that it's privacy is simply there to allow scaling. by not using a clunky l2 that's just a l1 of blocks and instead using independent but linked channels, you don't have to care about the rest of the network, only your counterparty. this ends up being good for privacy whilst not being designed explicitly for privacy.

privacy through these plausibly deniable "scaling solutions" and other pieces of tech tangential to privacy itself is the only way you can survive crackdowns on privacy technology. this was all probably coincidental with lightning though, but i expect to see this be the common thread for all new privacy tools.

>>56107548
won't help at all to track people.

>>56107557
>associating IP addresses with wallet addresses wont help
>forcing people to not obfuscate their IP addresses wont help
ok

did I miss anything?

>>56107615
tor isn't the only way to obfuscate your ip address, and the "rejecting" has nothing to do with whether you can make a payment or not. every payment that passes through an intermediary no matter your ip address is obfuscated. that's by design and there's no changing it.

>>56103710
>jeet or chud
Go back nigger faggot

>>56103471
>if your solution is "monero", you're restricted to the black market, underground, or countries that do not participate.
but those countries will also happily accept "tainted' cryptocurrencies for the exact same reasons, they do not care about kike-your-customer laws, thus leading to monero being less useful in these economies as they don't also carry white market uses.

White market participation = permissioned & cucked
Black market participation = permissionless & based

Enjoy being marginalized by the State once CBDC Fedcoins are rolled out and granted a monopoly.

>>56107503
>the whole point is that monero is as easily blacklisted as bitcoin mixers are. what that means is purely regulatory and has nothing to do with the underlying tech.

Regulations only matter in white markets.

Black markets are going Monero-only.

Life is good.

>>56103694
Answer this. How do you buy monero in first place anonymously? If you a caught buying you will be put to jail for trying to bypass crypto laws

>>56103399
>54 replies and nobody has pointed out
>UE

>>56107954
union européenne

>>56107858
fewer marginalization happens on public networks with tainted privacy tools than netwoks whose entire purpose is privacy.

>>56107891
they aren't going anything close to monero only, you're seeing the publci, low-stakes retail crime.
there's a reason north korea hasn't used monero.

>>56103399
I guess they've been doing this before, but anyway, I don't have any shady deals, so I'll keep using my CryptMi card instead of looking for some privacy nonsense to make payment

>>56107503
>Monero does not solve the core problem of coin taint and blacklisted funds
>the core problem
>coin taint and blacklisted funds
No, you really, really don't get it.

Also Monero has solved taint. Monero is fungible whether you (and regulators) like it or not.

>>56107901
Yeah, not many of them are wise enough to think about this
>>56109027
I also use that card for online shopping, and I like its zero fees on all transaction

>>56109236
monero taints all as one (except for those with an inside view like chainalysis). that helps no one using it because suddenly they find their xmr is as good as tornado cash withdrawals.

tech. can't. fix. regulation. but please, keep coping.

>>56109554
Looks like you missed this part
>A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.
If you have a real cryptocurrency, financial institution is not needed, regulation does not apply. Fixed.

>>56108507
>fewer marginalization happens on public networks with tainted privacy tools than netwoks whose entire purpose is privacy.

You can't be banned from the black market. You can be banned from the white market.

>they aren't going anything close to monero only, you're seeing the publci, low-stakes retail crime.

lol Italian organized crime is now using XMR to buy cocaine from South American narco cartels. A good start.

>there's a reason north korea hasn't used monero.

Haven't you ever wondered why Kim Jong-un keeps showing up in Monero memes?

>>56107901
Honestly I don’t care to inform you. If you have an internet connection you can get it if you need it. If you know the right people they are connnected to inform you. You and your people are fine to opt out and continue to decay from fiat slavery, I care not. Enjoy holding cash lol crypto is just not for you

>>56107901
>Answer this. How do you buy monero in first place anonymously? If you a caught buying you will be put to jail for trying to bypass crypto laws

Street dealers. Cash by mail. DEX running over the darknet.

>>56103399
fucking sucks
not selling though
will dump on normans during next mania, pay 7% to globohomo and never ever buy anything other than XMR

>>56103471
Guy has stuff I want and is willing to trade it for monero.
I have service that the guy wants and he wants to give me monero.
Somehow magic politicians will be able to stop this by the power of internet magic?