/biz/ - Business & Finance

>>56571073
Redpill me on Monero, what happened? I’ve been playing vidya all weekend

>>56571073
Saw this but didn't believe. So nothing is truly private?

>>56571097
>What happened?
This is what happened
>https://coinpaprika.com/news/monero-wallet-hacked-460-000-lost/

>>56571104
Best guess, inside job. A backdoor exploited.
It was the community crowdfunding wallet that was hacked, not monero itself. But I'd be damned if that doesn't put a dark cloud of XMR

>>56571145
>>56571111
>>56571104
It was a tranny dev apparently

>>56571073
It's still the best privacy protocol regardless. Solid

>>56571073
Maybe Zec will pump from this

>>56571145
Nothing close to it. The United States Internal Revenue Service has announced a bounty of up to $625,000 to anyone who can crack Monero's privacy in 2020. This could have happened long ago if it is an insider job.

>>56571167
Could be a good time for aztec.

>>56571073
Hunt from the govt. I expect this to happen with regulation at the door.

>>56571111
there's literally nothing there to say anything about what happened or how it happened.

>>56571158
But ZKP complaint protocol like Railgun is top notch.

>>56571073
Privacy still stand. There are other privacy protocol like Railgun that are ZKP-compliant and building solid tech. I can still keep my records private with their private smart contract system.

>>56571173
Any development happening?

>>56571195
Not while other protocols are heading towards compliance and proof of innocence.

>>56571104
protocol not hacked (why only steal 400k?)

speculation is was the keeppass hack, apparently the dev used it to store the CCS wallet on it. hacker waited for a big amount then cleaned it out.

>>56571296
Only privacy project doing anything reasonable in the market right about now is Railgun. Pajeet brownhands will say otherwise but then they're ngmi

>>56571368
Hack is hack. No batter how big or small. There could be more vulnerability.

>>56571457
Privacy on Ethereum? Secret Network is doing that now.

Can I pay to a IBAN using Monero?
Not directly but using something so I don t have to give my real data

>>56571474
saw some lame ass thread about this on Twitter about how shitNetwork is bringing privacy to Ethereum. Still doesn't come close to Railgun's ZK based compliant privacy protocol. ShitNetwork should focus on pamping itsoverpricedSCRT

the endgame for privacy was always doing it in plain sight on bitcoin or ethereum, instead of going out of you way to use privacy alts that make it obvious you're trying to hide something.

no altcoin that has pivacy as a feature is going to succeed in bringing privacy to those who actually need it the most. for that you need plausible deniability, something monero will never offer you.

>>56571073
Monero is not hacked you retarded fucking faggot. Some community fund wallet was hacked because of some retard was running a hot wallet on a windows machine with 2000+ XMR in it.
Do you also make posts about ETH and BTC being "hacked" when some someone's funds are stolen?

MONERO IS LE BAD

>>56571097
Retarded fuck.

>>56571073
Crypto privacy does not end with Monero ranjeet.

>>56571158
Monero is King

>>56571167
More like Aztec and Railgun.

>>56571168
Monero transactions can't be traced till date.

>>56571368
Damn, that's smart. Crypto is looking so vulnerable by the day.

>>56571457
Fucking retard.You don't read. Railgun is based but no the only one. DYOR or YNGMI

>>56571527
does IBAN accept crypto?
>>56571588
was monero hacked or not? lol

>>56571708
Regulation is coming to kill all privacy coins. Wait for it

>>56571173
RAIL bodies it so hard it becomes irrelevant. Like unironically why would anyone buy this shit over RAIL.

>>56571762
>does IBAN accept crypto?
some companies do it like embily

>>56571073
Dead.

>>56571937
Privacy coins might die but not privacy protocols that are zkp complaint.

>>56571937
No retard, nothing kills smart contracts.
Best anyone can do is ban the trading of privacy coins which is already happening. Privacy protocols will exist to be used though, only pea-brained fucktards think privacy can be killed

>>56571073
Don't buy Monero

>>56571693
Nah, it all began with that, senpai. Monero still the OG when it comes to crypto privacy - but not exactly the moonshot investment with a $4bn market cap. All you're really gonna make during the bull run is like 2-3x gains, desu.

Instead, keep your eyes on
>Nocturne
>Railgun
You've been clued in desu

>>56572105
Fuck yourself. Monero is based.
It will always surface when privacy is mentioned based on its usecase.

>>56572188
kek kek kek kek kek

>>56571734
There are still well secured privacy protocols. You just have to find them and use them.

>>56572228
RAIL for sure. The price is currently a steal and given its privacy protocol

>>56571552
Hard to understand what you just said. Are you the govt coming to steal users data and their privacy?

>>56572188
Look here anon, compliant privacy systems will lead the way, buddy. ZEC, DERO and RAIL.

>>56571073
I just updated the monero wallet gui (from inside the gui) and there were half a dozen viruses including trojans. Is this related?

>>56571532
SCRT isn't overpriced dummy. Not as undervalued as RAIL, FIRO and the likes but it's worth holding. Just don't buy if you don't like the price situation.

>>56571708
Agreed.

>>56571195
Privacy is based. The feeling of getting prying eyes off your transactions with Railway is heavenly.

>>56571532
>SCRT
Checked
>RAIL
checked

DYOR

>>56572310
>RAIL
It's still lowcap atm, the privacy-centric community is growing and their TVL has been hitting record highs.

>>56571073
Anon, what the heck happened? I was too deep in the Brillion Open Beta, chasing after those juicy airdrops. Spill the beans, Faggot.

>>56571600
Monero is LE KING.

>>56571937
You have obviously not read VB's privacy pool white paper or Railgun's Private Proof of Inncence.

>>56571463
This is why I'm looking forward to the NexeraID wallet, Jeet. It's gonna let me lock down sketchy accounts and slap a 2FA requirement on transactions over 50 bucks. Gotta stay safe out there.

>>56572296
DERO

Lol I still remember when that one pajeet spammed DERO and DERO Gold every hour of every day in 2017

>>56571693
Account abstraction, noob, it's the solution. It's the alternative the space need to break free from the current user account model.

>>56572304
it's because you can mine with gui wallet

>>56572310
>RAIL
The privacy-centric community is growing and their TVL has been hitting record highs.

>>56572105
All my transactions are private and every based chud should too.

>>56572393
What's the mcap?

>>56572364
That's why I dumped that shit for RAIL, rightly delicate balance between privacy and transparency.

>>56572414
Who the hell still asks these questions in 2023?
It's literally on cmc & CG or your peanut brain only wants to be spoonfed?

>>https://www.coingecko.com/en/coins/railgun

>>56572414
It's currently at $17M mcap chud.

>>56572358
This looks like a perfect solution to the compliance and privacy delimma, thanks to RAIL.

>>56572304
Not sure it's related.
But friendly advice? Move to Railway wallet.
>smart contract based privacy
>Suppors Ethereum and other EVMs
>let's you shield any ERC-20 token in any amount

>>56572387
It wasn’t just the two usual miner programs
>>56572504
Cheers I’ll look into it

>>56572361
Any privacy feature? I use railway wallet.

>>56572228
Monero and Monero

>>56571552
This. I never understood the appeal of Monero if you have to pay crypto taxes. Come tax time, you have to show your transactions on a spreadsheet. What the fuck is the point of denying you had it when you have transactions showing Tether into Monero and Monero into Tether? 99% of us aren't crime lords in crypto and don't need it. I admit though it's nice to know it exists, but I think people are just holding it in case we enter a new dark age and it suddenly becomes a thing (which regulation and crypto adoption is indicating the opposite of).

>>56572716
Have a rethink anon, get your eyes on a top privacy protocols that offer anonymity on Ethereum and other EVMs.

>>56572768
Moron. You think the whole essence of privacy is to evade tax?

The answer is 0xMonero

>>56572796
Clearly, I didn't say that's all. It's basically acting like your mister super anonymous with your transactions not existing on a ledgers and then losing your anonymity by having to literally point out every one to the authorities. I owned XMR on this date, sold it for this at this time, swapped to fiat at this time, etc. The use case doesn't seem relevant for 99% of crypto users aside from people who idolize the basedness of the idea.

>>56571937
>they will ban torrenting just wait for it, biggots

>>56572768
the point of privacy is to even have any right to exist, what the fuck is this boot licker mentality where you own explanations to your slaver because you born in a specific location? nothing i say will change your point of view because you are beyond mind broken so fuck off

>>56572836
That's not all but still you choose evading tax as one option. It shows that your motives might not be that genuine. Not for the right purpose

>>56572836
>The use case doesn't seem relevant for 99% of crypto users
What are you saying? Privacy use case doesn't seem relevant in crypto? Are you sure you want to be in crypto or just go back to the tradfi?

>>56572836
Until you dyor on RAIL, you'll know why Privacy use case is relevant in crypto.

>>56572903
>>56572938
>>56572945
>>56572903
>>56572938
>>56572945

>>56572903
>>56572938
>>56572945
I'm saying that there is no difference between the government seeing fiat into monero and monero into fist vs. fiat into ethereum and ethereum into fiat when it comes to a spread sheet. If you do they did want to know what you bought (aka why you kept it anonymous), it would play out like this.

ETH: oh, the source of the cash that was from nft.
XMR: well, since there's no public ledger, I can't really show you what I did. Those dollars I have obtained were legitimate of course.

I am just saying, besides idolizing the fact that it CAN be done and would be good in a 1984 scenario, what is the point for the average crypto user? Why jump through the unnecessary hoops for the concept of privacy only to have to surface every transaction? Also, sorry if I offended you assuming you were from a similar culture where you have to pay taxes. I know not everyone does, but majority do.

>>56571111
>https://coinpaprika.com/news/monero-wallet-hacked-460-000-lost/
>Security experts suggest

no sources. lame.

>>56572836
Until you dyor on RAIL, you'll know why Privacy use case is relevant in crypto.

>>56573021
Fiat to Monero and fait to Ethereum are two different things anon. Maybe my knowledge of how monero works is just not what it is. For me, It's basically keeping your anonymous and yes the govt can't see how money moves into fait and bring out a spreadsheet showing the txn records. haven't seen that before.

>>56572702
Based. Stick to it, Railway really stands out for its ZK privacy feature.

>>56573021
Are generalizing this on all privacy protocol or monero alone?

>>56572796
That's what moron thinks, Railgun is dedicated to enhancing privacy on Ethereum allowing for anonymous txns while preserving transparency.

>>56573092
I guess all. Why hide what you are doing when the gateway to fiat is centralized exchanges with your bank account
Most have KYC and are beginning to report gains to the gov. I see privacy coin tech as conceptually based, but otherwise an unnecessary (possible) headache. If we go into some 1984 shit, I'm sure I'll eat my words but... Things are actually beginning to look more regulated and as adoption happens, why does the general populace need to make things untraceable when it is literally incompatible with the way one must claim their earnings as legitimate? Is everyone hoping that the government does go 1984 and these will garner a more favorable use case?

What's the point of trying to discuss anything on this board when it's botted and pajeeted like this? Fucking hell.

I always said I'd keep an open mind like how I moved from BTC to XMR but I'm never going to look at a single one of these shitcoins that gets spammed in Monero threads. Frankly, all of you disingenuous shills deserve painful deaths.

>>56571073
>one wallet was drained
>Monero is hacked
Lmao okay. What kind of cryptobro logic is this? All crypto uses the private-key model to secure your holdings. Until that changes the biggest vulnerability is always the end user. Seems like human error as always.

>>56572504
I'm buying more ETH, BTC and Floki to send them to Railway where no one will monitor my transactions.

>>56573132
Can't do anything to change how you think about privacy for sure. I don't think anyone should expose their asset and I don't care how you want to paint it. Just do what suite you and we will all be fine. As for regulation, I know it's happening soon but we see how privacy protocols are standing up to make things right with compliance. Even VB proposal is inline with compliance.

>>56572504
I'm buying more ETH, BTC and Floki to send them to Railway where no one will monitor my transactions. Smart move.

>>56571287
Railway wallet gives true freedom of decentralization, allowing normies to be discreet with your transaction. That's the true power of privacy

>>56571073
Perfect opportunity for RAIL to gain more attention and become a big name in the realm of PriFi

>>56572455
RAIL on a parabolic move, will hit a new ATH sooner and will probably do a 100x.

>>56572291
in layman's terms: monero only helps you when times are good

>>56572768
the appeal for monero is to avoid running up against basic low level coin taint if you use decentralized/non-kyc services or apps. the biggest misconception about monero is that it's somehow better equipped to operate in a world where cryptocurrencies are illegal. in those scenarios monero loses out no less than things like bitcoin.

besides if you're breaking the law you're probably not paying taxes, then again if you're smart you're probably not relying solely on monero while breaking the law in the first place.

>>56571734
Reason why the best privacy system for ETH should be prioritised.

>>56571073
Never selling my monero stack. You understand me? Go ahead and sell your monero, get the fuck out.

>>56572702
Railway and Stashh wallet are the based privacy wallets.

>>56572716
Me telling Monero chuds that Ethereum can also be private

>>56572823
This is the a privacy protocol? or a memeshit?

>>56573081
Private transactions can also happen on Ethereum

>>56573084
Not just that,
>No ads
>intuitive UI
>best UX

>>56573831
I've added more on Coinex. When will it be listed on more exchanges though?

>>56571152
Imagine my surprise

>>56574187
This

>>56574187
Based privacy chud

>>56572938
>That's not all but still you choose evading tax as one option. It shows that your motives might not be that genuine. Not for the right purpose
90% of taxes are unconstitutional, especially income tax and property tax

>>56571588
this

OP is a total newfag and should rope

ANY ROBIN HOOD TYPE OF HACKER IN THIS THREAD THAT CAN HELP ME SURVIVE THE SHITHOLE AM IN??

>>56571762
>was monero hacked or not?
no. a hot wallet on a wintel box was hacked.

>>56571073
Imagine fading the one and only John McAfee privacy coin. This shit will be the easiest meme ever. It’s John’s final gift to our world. His legacy. And it’s superior to Monero in every way.

>>56571073
Litecoin

>>56571958
Token not needed. Doesn’t work.

>>56571073
1pbtid