/biz/ - Business & Finance

>>57754761

>>57753243
They still have a cert, there's only the one pre-production sample that doesn't have one. Only 101 monerochan fumos in this world and 100 with a cert.

10K by 2030

Can somebody break down in non schizo terms what this crypto "market" is going to be end of decade? Bitcoin is unsustainable if that one posters numbers are real but institutes are throwing everything at it. Defi is a big black box of nothing. We have over 1 million coins according to coinmarketcap. Are the shitcoin factory coins like eth going to be shut down and the fed releases XRPee (token not needed though) backed CBDC while the btc ETFs crab up then dump slowly like sears stock after the internet went public? Then your options of finance left are either frequently hacked AI driven FEDbux or monero miner gangs?

>>57755023
>Bitcoin is unsustainable
that turned out to be a retarded shitcoiner lie.

I'm Satoshi

>>57755163
take your meds schizo!

>>57755190
Shut up Craig! You'll never be a real Satoshi!

I do not have the words to describe the absolute seething hatred I feel when I hear people wishing each other wagmi. That anger increases tenfold when I'm the recipient of a wagmi and have to reply back to not seem rude. I just wanna punch the person in the face. I can't be the only one who feels this way.

>>57755572
i simply can't care about your feelings unless you are a hot female with a respectable rack.

>>57754761
good morning GME Baggies!

oh wait this is XMR

Same thing

reminder that
monero coin.

>monerochan is kill

>>57755572
wagmi

>>57754804
If you have not shipped the fumos yet might as well just wait for tomorrow.

It's probably just a coincidence.

>>57755846
how many years has tether been getting away with this

Fumo enjoying a fully legal home grown blue cheese cannabis cigarette. No breaking the law under my watch!

>>57754761
FFS STOP POSTING MONEROCHAN
I already ruined many CPUs because of her.
Why does she have to be so GODDAMN FUCKING CUTE???
I want to stop mining XMR but... I can't, she's just too fucking cute

Fugg, forgot it's not April yet and I can't delete the post.

Turns out I still have XMR locked on Binance. Should I try to withdraw it or just wait until they inevitably give me USDT for it and withdraw to cash?

>>57755846
what is happening here?

>>57757618
the tether scam.

>>57757618
>tether prints
>btc pumps
Basically it's a big pump and dump.

>>57757120
>or just wait until they inevitably give me USDT for it
if withdrawals open before they force convert xmr, why would you wait?

Binance ever gave a proof of reserve for xmr?

>>57757803
>>57757785
>it's ok when FIAT and stocks do this

>>57758385
I'm shorting both fiat and stocks.

I can't pump

not your keys not your coins

>>57754861
History stickers didn't make it to me today, hopefully tomorrow :/

Current stock minus the 5 pending should be 6 remaining

>>57758659
>>57755715
Replied wrong bcs phone

>>57756104
>how many years has tether been getting away with this

Since at least 2016. They were fined $41 million in 2021 for flat-out lying about USDT being 1:1 backed, turns out issuing unbacked Tethers was/is the norm. They were also caught lying about their ownership of Bitfinex.

And they STILL stubbornly refuse to submit to a *full and thorough* 3rd party audit despite promising to do so for years, we have to take these admitted liars at their word that "Tether is totally backed now, bro, trust me!"

The entire operation is shady as fuck: Tether is about to hit $100 billion USDT issued yet it has only 5 employees managing everything....it also relies on a very convoluted issuance scheme that seems specifically designed to frustrate litigation efforts.

>Nowhere in Tether’s Terms is it mentioned at all whether, as far as a USDT user is concerned, the USDT issuance comes from Tether Limited, or Tether International Limited.

>Everything appears to depend on where the user is domiciled which creates an impossible infinite loop to determine the appropriate forum to bring any litigation.

>For example, let’s say you’re a US-person, Tether’s lawyers could argue the USDT you hold was issued by Tether Limited (the BVI entity), and given you don’t have a direct relationship with Tether (it was purchased in secondary markets), that makes your use of Tether in violation of Tether’s Terms.

>Tether’s lawyers could then defend a claim by pleading forum non conveniens — meaning the court where that lawsuit has been brought is not the proper forum to exercise jurisdiction over the case.

https://archive.is/FgRLK

>>57754761
XMR to USDC, thoughts?

>>57758743
Is Tether controlled by the glowies? Anything popular enough that threatens their power gets shut down immediately, see Tornado Cash.

>>57758659
>6 remaining
Is that with or without the special edition?

>>57758829
They supposedly back tether using US bonds so they are intricately linked. Might as well consider them an arm of the government.

hi, im a huge retard when it comes to crypto. I was last interested in it in 2018 but was too young and had no money to invest then and just now i started to make some basic income. my question is how do i even begin? where do i learn about this stuff, mind you im not the type of a retard that would instantly buy the top to start panic selling when it drops or whatever. So if any /biz/CHADS would drop some stuff to read or help even in the slightest it would be greatly appreciated.

>>57758743
>noooo! it can be printed indefinitely??!!
so it IS the same as the USD

>>57757618
>what is happening here?

1. Tether prints billions of USDT out of thin air
2. Tether uses that USDT to buy BTC
3. BTC pumps
4. Laser-eyed morons FOMO in thinking the pump is indicative of organic demand and higher future price
5. Profit-takers dump their BTC bags onto laser-eyed morons and cash out
6. Laser-eyed morons cope by convincing themselves that "it's still so early! WAGMI eventually!"

>>57759323
Just hang out here to make it. OP has a few links. Monero is all about the circular economy so start buying and selling goods and services for monero.

>>57758829
>Is Tether controlled by the glowies?

>>57759159
including. btw the special ones are otherwise very nice, the other ones might need some slight work with scissors to make the edges of the dress clean as ive obviously shipped all the perfect ones first

>>57756180
Very comfy.

>>57760173
Alright, thanks.
I already feel greedy so if I can reach my goal and still leave some for others that makes me feel better lol.

Yikes!

>>57760799
Probably "holding" on an exchange too.

>>57760799
this guy is not ready to sell the top

>>57757618
liquidity entering exchanges to purchase (mostly) bitcoin

>>57754761

How come Monero (the best coin) is not going up?

Is learning Hebrew a good investment?

>>57761311
Because miners don't get enough fiat supply to manipulate the market.

>>57761311
>How come Monero (the best coin) is not going up?

Because it doesn't have a dog.

Zoom out.

>>57761411

No, Latin is far superior and far more profitable.

I knew it, Hebrew is the way to go.

I sold my small bag of XRP to buy cheap servers to mine Monero with.

>>57758755
Which chain? Ethereum gas fees are miserable these days. I'd say maybe Algorand if you can get enough liquidity on the USDCalgo side.

I can get ai porn for free so why i should use xmr i am not even interested in those shady darknet markets

Where can I buy anime pictures for XMR?

>>57761875
I just did some math and with a total hash rate of 2GH/s, a 16 core Ryzen with 25KH/s gives you 1/758496th of the total hash rate
>(20*1000**3)/26367.97=758496
Which means with a 0.6XMR reward per block, 6 blocks per hour and 24 hours per day you can on average expect
>((0.6/758496)*6*24)=0.0001
0.0001 XMR a day, currently worth a cent or two.

This seems awfully low and doesn't even pay for the energy cost. Am I retarded with my math?
>>57762339
You can try moneromarket.io, if what you want isn't available you can request it.

>>57762571
>6 blocks per hour
I don't understand this number. Monero block time is 2 mins.

>>57762640
Oops, but that's still just 0.00057XMR a day, which is about 10 cents.

>>57755163
Oh yeah? Me too.

>>57761411
israel is months from being leveled to the ground, fuck no man, terrible decision, learn some gook shit or russian

>>57762925
Let me introduce you to "Kaifeng Jews". They speak Hebrew.

>>57755163
We all are Satoshi, brother.

>>57762946
there are like 4 of them

Still learning Hebrew just to piss you off.

>>57761411
Learning Japanese is the obly real investment today, anon. All the other cultures are being globalized but many good Japanese picture books still aren't being translated.

>>57763099
also the the Jews rewrote the Bible, so even learning Koine Greek is a better investment. Today's Hebrew is based on Rabbinic lies.

>>57763117
Jap niggers, like most chinks, banned the shit out of Monero. Fuck them
>is op still justifying not buying bitcoin?

>>57763162
The Japanese government is just a satellite state of the US, anon. It's only natural. But its art hasn't underwent globalization (yet) to the level most other cultures have.

>>57763117
Already went through the learning Japanese phase. I got stuck about halfway.
>>57763144
That doesn't satisfy my morbid fascination with Jewry.

>>57763197
>Already went through the learning Japanese phase. I got stuck about halfway.
Same here, but I started again recently and all my grammar knowledge is still intact. My vocabulary tanked though and now I have to look up most words. You just have to read a lot.
>morbid fascination with Jewry
Then learn Yiddish and learn to larp as one of them to obtain secret information.

Fuck jews

>>57763217
I already know this one
>A goy blaabt a goy.

>>57763197
Maybe it's a good idea if you want to study the Bible as a scholar (or Abrahamic religions in general) or interested in medieval Jewish culture. Otherwise I cannot understand.

>>57763186
> But its art hasn't underwent globalization (yet) to the level most other cultures have.
It’s another different form of opiate for their dwindling masses. When they finish erasing themselves, their out of date art will be gone with them. Just as they deserve for their failures.

>>57763237
I just want to make Jews seethe, man. It's not that complicated.
Seems like learning Hebrew does the trick.

Guys I used to buy Monero on kucoin. Want to get some more now. I live in US; which of the OP links do y’all recommend?

>>57755572
anon, don't be rude
>>57755678

something is missing in this thread
wtf?

Retard question:
If Monero is so private, why would non-KYC be so important?

>>57764913

Because non-KYC's have no limits to deposits or withdrawals and no questions asked. Unlike traditional kyc exchanges, where they could block your account until you provide proof of where you got the BTC from.

>>57764913
You have a box that you can put money into and nobody else can look inside of it. You are the only person who can open it or access the funds. The box works as intended and as designed.

Then you go to the IRS, you give them a printed photo of you holding your government-issued ID card and allow them to watch and count as you add or remove money into it. They can't observe the wallet itself, but by willingly coughing up your info and showing them your money, it's pretty fucking simple to deduce that Anon P. Fucklesuck has 13.37 monero in his wallet.

At no point did the box not function as intended, you just misused it in your ignorance.

>>57765167
Lets say I was to just buy from Kraken, have those funds transferred to my own HW wallet with a separate address, then only use Monero as a store of wealth to trade for goods and services. IRS can't really put the two and two together, right? All they would really know is at some point I owned X amount of MXR.

>>57765415
Yes, the transaction that withdraws the funds from the exchange would obfuscate your trail, the most the exchange and co. would have at that point is your info and the wallet address you sent the funds to, which is pretty much useless to them for anything other than sending you even more money.

>>57762571
Well yeah that's why you need cheap power and a lot more than sixteen cores.

>>57763579

Use tradeogre.com, they have the best rates for XMR/BTC, no limits, no personal info required, only an email address. Give it a try with a small amount.

Monerochan is healing. The Binance delisting wasn't nearly as damaging as it could have been.

>>57766684
Cute image.
Monero-themed medieval visual novel about grey markets when?

>>57766709
Wolf-eared Monerochan in a Spice and Wolf spinoff.

>>57766749
That would be peak comfy.

when are we getting rich lads?

>>57766990
>6990▶
>File: saylor you need monero.jpg (134 KB, 1916x1077)
>when are we getting rich lads?

I don't know dude, I'm at 12 figures and still feel poor.

>>57763099
based I say go for it! Im learning it as well!

>>57761411
yes go for it! You gonna need it to understand them!

>>57766951
>seven shadows in the RingCT
>trading sideways against BTC
https://www.youtube.com/watch?v=B6JVjuo1u5Q

Thank you to the anon who donated some xmr yesterday to my fundraiser. I'm going to convert the xmr into cash and buy some charcoal pretty soon, since i don't have any at the moment. I expect to be listing some blacksmith'd items on moneromarket within the next 2 months, so long as the weather doesn't get all retarded.

>>57766250
okay thanks anon will do

>>57759862
I bought some books with Monero.

>>57761311
It has. It's already recovering from the Binance de-listing. Glad I bought the dip!

>>57767825

XMR/BTC is terribly low, do you think it will go back to $1 from $0.00219138?

I want a serious discusion on the natural markets of xmr, we can make fun that monero is only good for drugs but i want to see at least in theory who uses monero and what are the next markets using monero, i only think monero is good for ransomwares, drugs, onlyfans thots unbanked by the banking system and digital goods like runescape collectibles but what else?

>>57768043
i plan on selling random shit at a fleamarket in the next few months for xmr. Think more local, anon

>>57761311
Too difficult for people to ape into it unlike bitcoin

>>57759579
I'm not sure that this is how it works. Here's what I'm thinking:

If they print out of thin air to buy BTC then those USDT will end up the hands of those ex-owners of BTC that sold the BTC to Tether, they'll likely try to cash out a good big chunk of those USDT. So either Tether will end up paying for that BTC they bought by having to redeem that USDT, or the USDT price would drop (which isn't allowed to happen or the facade falls). You could say that any USDT not redeemed after they purchased BTC with it is basically a discount for their BTC purchase, and that's true. So effectively their aim is to convince people to hold on to more USDT. Is this whole print out of thin air to purchase BTC the best way to do that?

I'd say the following is more likely: Someone wants to buy BTC. They buy USDT that they can use on an exchange. Tether mints the USDT, give them to the buyer, and immediately invests the USD it received it in BTC, pumping up the price in the process, and attracting more users due to FOMO as the price goes up who want to be onboarded into the exchanges using USDT.

Though now that I'm thinking about it. Both ways could work, independently or in tandem. Whatever they do to pump up the price means more people get FOMOd into the exchanges system, requiring USDT.

>>57762682
https://www.coinwarz.com/mining/monero/calculator?hs=117

>>57764913
>If Monero is so private, why would non-KYC be so important?
The Monero community has a huge overlap with the open source privacy tech sphere, so it comes from a fundamentalist point of view that opting into a KYC exchange goes against the very nature of using privacy-respecting tech in the first place.

Reminder that moonfags get the rope.

I'm Satoshi

>>57768043
What I actually used Monero for:
Buying servers (VPS) and proxy (VPN).
Buying stuff on the internet (MoneroMarket), with the emphasis on bypassing a lot of the bullshit doing fiat over the internet brings (fees and regulatory). Gray markets are underrated I think.

>>57767809
Gigachad.

>>57768043
I sell PMs on moneromarket and the demand is such that I'm almost completely sold out. The monero economy is absolutely amazing for me.

If I start selling this German beer (5 liter) for 25€ on moneromarket, is anyone interested? For every 2 sold I can drink 1 myself, that's just fair.

>>57754761
Good morning Phaggots,
Friendly reminder, that Monero has a child thus born and breast fed by MacAffee namely SafeX and SafeX cash.
This shit is coming along, slowly but surely, waiting on V2 to be developed on the Big Box Store.
There are only two rules on the SafeX Big Box store, no
Fed Posting and No being nagger
5% of all SafeX-Cash spent on Ecommerce Items gets distributed to stake holders of SafeX
That means no more subversion from Mr. Noseberg at Ebay
wanting to see the Goy's bank accounts, track their purchases and asking sellers for receipts. Decentralized shid

>>57771615
Do it.

>>57768043
Bro. are you not aware of SafeX or SafeX Cash as the Fork of Monero ?
Go to the SafeX Forums and read what's going on with the development.
All of this has already been under works for years, its slowly coming along.
I was shopping for basic General Goods' last year or two on the first App that was developed.
Using this is only a matter of spending tokens, No accounts,
No Visa Cuck Credit Card info on file, No Data harvasting.
This is what Monero was made for.

>>57771652
I'll buy 2 or 3 tomorrow and try to figure out how to do the packaging. Idk how much delivery will cost because it's really heavy ~6 kilo each probably.

>>57771639
>>57771701
good morning, saar

captcha: XMR0W0

>>57771615
Looks comfy.

>>57771706
I can definitely see some crazy monero chads going for it (not me I don't like beer) if shipping isn't astronomically expensive. German beer is quite popular around the world. Maybe smaller units would work better though. Though that big ass barrel looks fun.

>>57771639
>Decentralized
>Safex Foundation is a Domestic Non-Profit Corporation (Wyoming, File # 2020-000897721) established in January 2020. On 20 July 2020, Safex Foundation announced it had received 501c3 tax exemption status.
>Decentralized

>>57771728
Based Captcha poster
The other day on a jeet Scamdrop posted here
You know Jannies will ban you nown for racists Jeet Memes, I got 3 days

>>57771615
5 euros for a 1 liter? Wtf Paulaner is great but I don't thin it's that expensive. Though shipping 5 liters of beer could be more expensive than the beer itself...

>>57771838
you still have to have the app system and someone to create it. Doesn't mean the Coin isn't decentralized dude.
Nice waifu btw

>>57771639
>5% of all SafeX-Cash spent on Ecommerce Items gets distributed to stake holders of SafeX
So *literal bagholders* want to take 5% of my retail transactions. Why would I use that and not Monero?

>>57771918
>you still have to have the app system and someone to create it.
git and GPL already exists. (((corporation))) not needed.

>>57771929
Its across the board over the entire platform. distributed to stake holders. So what's ebay's yearly revenue ? 5% of that goes to everyone Stake Holding.
Why not use both coins ? I use Ebay and Amazon, both.
Not like I have some loyalty to one or the other.
>>57771959
Good point.

>>57771861
Yeah, actually that sounds quite expensive lol.

>>57771823
The problem with smaller glass bottles is that they break really easy, so the packaging costs will be extremely high. Glass bottles also weight way more if someone orderes a 6pack. There are also smaller 0,5l aluminuim cans but they cost 0,25€/can extra because if we bring the can back to the supermarkets we get the 0,25€ back what is not possible in this case. But maybe I'll list some small cans special editions idk yet.

>>57771982
>I use Ebay and Amazon, both.

>>57771861
That's only 2,50€ for 1 beer.

>>57772020
Glowie meme doesn't even apply to this shit.
No one is selling nigger merchandise on the apps.
I would agree with you if MC Tyrone was selling his glock switches there.

>>57772013
I'm aware of the Pfand, but with those prices it barely registers.
I mean it all depends on how expensive shipping that behemoth is. I think 25 cents for the cans is not that big of a deal. What does a 0.5l paulaner cost? Or maybe some other beer. I thought beer is like 1-2€/l? But overall, I think german beer in one way or another would probably sell.

>>57772109
1 paulaner in a can 0,5 liter costs 1€ + 0,25€ pfand + packaging costs + delivery costs ~700gramm in total + my profit

>>57772199
Sounds like those cans are way, way cheaper per l.

>>57772306
Depends on my profit margin

>>57771982
>Its across the board over the entire platform.
You just made it sound even worse. Please tell me that at least when sending simple payments it doesn't take a 5% cut every time and that it only happens on the "official" marketplace.
>So what's ebay's yearly revenue ?
I'm not comparing to ebay though. Nor is my complaint that the fee is high.
>Why not use both coins ?
There are thousands of coins out there. I need clear reasons to use them, not clear reasons to avoid them. This one seems to me till now like a downgrade from Monero (e.g. has staking) with some applications built on top of it (correct me if I misunderstood).

Seems too complex to me and when I see complex payment structures I just move along cause they all seem like differently shaped pyramid schemes to me. The token already has a market cap of 1.8 million USD. That's the evaluation of a trading platform which I don't understand how it will evolve in the future at all (who governs it and with what goals?), and which is created to support only a single cryptocurrency that's not used on other trading platforms but was created specifically for this platform.

Good luck to them, I hope they make a great market that lasts long but I have my doubts because of this weird coupling between the currency and a specific trading platform, marketed as one.

We definitely need more OpenBazaar style markets, but I want one that supports other currencies and doesn't come with its own currency.

>>57772360
Ah, right, you're selling for 25€, not buying at that price. Makes sense. Seems way more reasonable now.

>>57772045
I can get it (Paulaner 0.5l) for 1.62 EUR at retail in my country including taxes. Maybe I should start exporting instead. :-D But seriously, I think the packaging and shipping cost will bring it up to 2.5 for small quantities anyhow.

>>57772390
I'm buying at 15€ but there are a lot of other costs like
~3€ for the packaging
5-10% if I want to cash out to euro to just new beer
~6€ , 30 minutes to walk to the supermarket, do the packaging and bring it to the post office 12€ min. wage an hour
And the monero price I not stable to if it drops 10-20% during that time I've to compensate it to process the new orders

>>57772416
That's the main issue, see >>57772537

>>57768043

XMR is good for wire transfers, why go to the bank when you cana use Monero? It is also a replacement for Western Union and MoneyGram, no limits, you cn send whatever amount you want, even $1 million, no questions asked, super low fees (less than 1 penny), and way faster than a wire transfer or Western Union/Moneygram, almost instant. I think these are the huge benefits of XMR, priceless.

>>57772537
*5-10% if I want to cash out monero to euro to buy new beer

>>57772566

Why? Use tradeogre.com to convert it to BTC (0.2%) fee, then cash out the BTC for 1% or less at a place of your choosing.

>>57769642
>If they print out of thin air to buy BTC then those USDT will end up the hands of those ex-owners of BTC that sold the BTC to Tether, they'll likely try to cash out a good big chunk of those USDT. So either Tether will end up paying for that BTC they bought by having to redeem that USDT,

That's the neat thing - the average USDT user can't actually cash out to USD, Tether's ToS make certain of that.

First of all, they don't allow Tether redemption for amounts below $100K, which excludes basically the vast majority of USDT users.

>To redeem your tokens, you will need:

>A verified Tether.to account.

>The minimum redeemable amount of Tether tokens on your account. The minimum redemption amount is 100,000 USD equivalent.

https://tether.to/en/redeem-tethers-to-fiat-currency/

But wait, there's more!

>Additionally, U.S. citizens must be classified as Eligible Contract Participant to redeem USDT via the website."

What is an "Eligible Contract Participant" you ask?

>An Eligible Contract Participant includes a corporation with total assets exceeding $10,000,000 and incorporated in a jurisdiction outside the United States or its territories or insular possessions.


Second, they reserve the right to refuse redemption whenever it suits them by invoking "muh liquidity issues". Article 3 of Tether’s ToS explicitly states:

>Tether reserves the right to delay the redemption or withdrawal of Tether Tokens if such delay is necessitated by the illiquidity or unavailability or loss of any Reserves held by Tether to back the Tether Tokens, and Tether reserves the right to redeem Tether Tokens by in-kind redemptions of securities and other assets held in the Reserves. Tether makes no representations or warranties about whether Tether Tokens that may be traded on the Site may be traded on the Site at any point in the future, if at all.

https://tether.to/en/legal/

Essentially: "We can't guarantee you'll ever actually be able to cash out. Problem?"

>>57772553
Yeah, sounds reasonable. After all I'm pretty sure that 2.5 EUR is way below retail for some Nordic countries.

>>57772378
No man, their not taking 5% of your shit When you pay. That would be insane and retarded. Its built into the staking rewards on some level I do not completely understand.

You are also correct some of the over complicated shit is another complaint that this project has.

But it has outlived Storiqa, (RIP) and now there is also that Bitcoin Cash market that appears it will be short lived also.
If you find me on the forums there some way, shit poasting, I will drop to you and you can check it out.

I'm sure many people would like to hear what you have to say,on top of shit to challenge the devs. and call people out.
Sorry for the reddit spacing.

>We definitely need more OpenBazaar style markets, but I want one that supports other currencies and doesn't come with its own currency.
This:
I had Ebay lock my deposits last week until I Re-Verified Micro deposits.
Why ?
I suspect Because I had done a few price adjustments on items multiple times.
The old system is becoming obsolete we all agree people are done with this crap.

I've got some wagie shit to do, today for a job, I'll come back later if the post is here still.

>>57772537
I'm aware of the costs and risks of cashing out to stock up again. Just go for it and see how it goes. If nothing happens you can just drink it.

>>57772608
I don't have a bank account (and don't want to use one) so I need it in cash or at least gift cards for the supermarket (Aldi, netto,...)

>>57772673
>I don't have a bank account (and don't want to use one)
based ghost maxxer

>>57772669
>If nothing happens you can just drink it
Kek that's the point, I mean I buy it anyways and if there's someone out there who's willing to pay for the trouble I'm willing to ship him 1 too and finance my own beer with it.

>>57772746
That's how I roll, too. I buy stuff I like and enjoy personally (mostly PMs) and just put it on moneromarket.

>>57772769

Have you considered starting your own shop? That's what long-term darknet vendors often end up doing once they've built up a robust reputation, a loyal customer base will follow you anywhere.

>>57772634
Most people "cashing out" of Tether take it to a KYC CEX and sell for dollars.

>>57772673
>I don't have a bank account

>>57772912
I thought about it but I'm really not that big of a deal. I'm just a poorfag punching above his weight if we're being generous. Sold like 1000€ worth last month. Currently I have no stock other than few RMs and almost no funds. The gov is after me and I can't cash out to my bank account and buy more metal so I fomo'd into fumos instead. And in any case the fee for selling PMs on moneromarket is just 1% so there is little reason to move elsewhere. So yeah, maybe some day but right now it makes little sense.

What happened around the start of 2022?

It's over.

>>57774890
have had mine for a while now, sitting on top of the 8u gator case in the spare room that I'm filling up with machines at the same pace molasses runs in winter.

>>57774890
Genuinely surprised it took so long. The plushies are cool.

>>57775279
>>57775688
They're super ultra giga cute. I've had one for time time and I couldn't bring myself to unwrap it.

We need loli artists to start accepting Monero.

>>57775846
some do

can't stand n's and j's

>>57777195

>>57775833
Theres no more

>>57777799
Yeah, I did that. Me on the left.

>>57777857
anything with an anime mascot automatically gets bumped up on my list of things to investigate. it usually correlates with higher quality software.

Will a wownero plush be made? Im willing to pay $300 dollars just for one!

>>57777961
>not pricing it in WOW or at least XMR
baka desu senpai

>>57777903
That's actually a useful strategy in general.
For example, these cheap chink iems sound great, are made of metal instead of shitty plastic and you can coom to the anime girl at your leisure.
>>57777961
The fumismaticis nerds would love that.

>>57777969
agreed

>>57777969
Also the nuphy keyboard. Literally bought it because I needed a mechanical keyboard and knew that anime mascot would translate to a good level of quality. Maybe there are better things, but you can rarely go wrong with this heuristic.

>>57778012
Damn, with a mascot like that they don't even need to be any good. But of course they are.
I think they just cater to a generally higher IQ market.
Also nice watch. Looks very autistic.

>>57754761
You stupid niggers know you can just buy BTC in cash, in person, without KYC

who was >>57777777

>>57778118
>just buy BTC in cash, in person, without KYC

And do what with it?

>>57778118
>and have your face forever be associated with the BTC you bought
Great idea, anon.

>>57778118
We know retard. What's you point? Why are you even linking to the OP?

>>57778200
>>57778172
>>57778146

>muh ring signstures

how about disguise your identity and buy a coin that’s actually worth something and has actual weight in its proof of work fucking brokies are all the same

>>57778285
Dogshit-tier troll, anon. Really just sloppy work.

>>57778118
>>57778285
or you could just swap KYC'd crypto to XMR. no risk of getting stabbed, etc.

>>57778302
>>57778146
>>57778172
Be careful, he might be getting paid for each (You). Always beware of the 1 post by this ID.

>>57778285
>how about disguise your identity
>but don't disguise your transactions tho!!!
>>57778338
>getting paid
it's probably a couple of sats in Lightning anyway.

>>57778368
I would only do it for XMR.

>>57778307
yessss goy swap your $101,356.52 USD of BTC to XMR and back so we can match your entry and exit.

I'm Satoshi

>>57778368
>a couple of sats in Lightning anyway
LN is such a joke. The whole idea of paying a fee in order to keep some of your funds reserved on a channel that may or may not end up getting used is so fucking retarded. It has some great niche uses but is there anyone who actually believes this crap will be useful to regular people jumping into BTC for the first time?

>>57778588
no, your ID is the same colour as a niggers skin

>>57778626
That’s why I treat BTC like an asset, something you can’t do with XMR because it’s not backed by solid energy and appropriate difficulty adjustments.

>>57778432
>and back
That's where you're wrong.

>>57778658
>something you can’t do with XMR because it’s not backed by solid energy and appropriate difficulty adjustments.

"solid energy and appropriate difficulty adjustments" don't keep my ass out of prison when the feds audit my colorful BTC TX history.

Monero does. And that's precisely what gives it value.

>>57778432
>swapping an exact amount both ways
shiggy diggy

monero does what bitcoin't

>>57779067
Another nigger coloured ID
Opinion discarded

>>57779119
ok mr. heroin overdose

>>57779131
I smoke crack a luxury XMR bag holders can’t afford

>>57779067
Kek

Hours ticking down till #19 of the captains tales from the dark seas is out! Show some love for a fellow pirate and XMRChad

/biz/ ruined crypto for me

>backed by
>wagmi
>moon
Etc

>>57780446

Been looking forward to this

First time I've bought bitcoin was at ~200$

>>57780568
monero is backed by a horde of hackerman terrorists

>>57780576
Same, its a been a while since the last one. The AI gen voices show a lot of promise

It's not only the technical misunderstanding but also the other parts

>>57780589
It's so much more

You won't get it

you are drunk aren't you

That doesn't mean I'm wrong

So what do I not get?

You don't get (it)

well it happens

Bring it on

i recommend the herbal jew or maybe something like ghb

>>57780446
what is it about?

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

>>57766990

>>57781851
Hard to describe, its a mix of music built around a comedic story centering around captain Blackbeard and a few recurring characters like the DJ seaman filthy fingers, resident Russian dark net admin Yuri jackhoff and guests.
>redcircle.com/shows/14998969-fa6d-4c2b-a277-ccbc4ec92d4c

>What's 'neros precious? What's 'neros eh?

>>57755637
Nope! You can buy things with XMR and that is impossible with GME. Please think next time before posting.

>>57782531
you can buy GameStop giftcards with XMR

>>57754761
Is there some estimate on where most mining comes from? Do small-scale individuals make a significant portion of the total mining? Is it mostly planted malware miners? Maybe server farms utilizing idle CPUs?

>>57778658
>can’t do with XMR because it’s not backed by solid energy and appropriate difficulty adjustments.
What do you mean? Define "backed", "solid energy" and "appropriate".

>>57778626
its no surprise lightning is the most complicated l2 network because its the most decentralized l2 network by a huge margin. if you make it as centralized as all the ethereum l2s are by using custodian wallets it's as easy to use as those are.

>>57784635
It can be decentralized but it has so many issues when it is. If you make it centralized then you have a company providing the liquidity and a topology that looks like a star where 1000 users are connected to that company. The company can then have clear requirements about what it demands of someone before opening a channel to them and reserving liquidity on their side of the channel.

Now if you want to make it a true mesh, it's a fuckfest. Would you reserve $50 on a channel with me? Why would you? You have no clue if I'll be using that channel enough for the fees to make it worth it. You also don't know if I will be creating channels towards other users or if I'm just taking advantage of you by having you connect me as a leaf to the network without providing any second hand connections to you from my side.

And then there's all the problems and added complexity of accepting payments while offline, or having someone watching your channel while you are offline, or routing over a network that you want to be big and distributed but making it big and distributed increases the chances of payment failures because something changes in between, and crap like that. Sooooooo many moving parts. It's a horrible over-engineered mess that makes "use tabs" seem like a good solution.

Payment channels (and even a network of them like LN) are a good solution ONLY for exchanges that want to keep liquidity and do a thousand quick payments between them every second with practically no fees. It's an great idea that doesn't need to be overengineered when used in a proper place, but it's presented as a solution for the wrong problem and in an effort to make it fit, it has been turned into a monstrosity.

And we didn't even touch the possibility (or actually the impossibility) of a mass channel closing caused the discovery of a critical bug. Where the closing fees will be so high that most channels won't be worth closing and will be at the mercy of the poor side.

>>57780446
I love this radio, where can I find the episodes?
Would be cool if he had a simple HTML/CSS only Tor website for posting them :)

Has the new episode finally dropped yet or what?

I'm Satoshi

>>57785749
if true you’d post anywhere but this bavarian cauliflower farming imageboard

>>57786361
It's 4D chess, you wouldn't get it

>>57785422
Still waiting, it was supposed to come out late last night but hopefully we will see it at some point today. Captain must be on island time kek

>>57786618
i like especially like this 4d chess move >>57755234 where you reply to yourself, very chessmastery

>>57786854
Hate the game, not the player

>>57784310
It's basically impossible to tell but what I can say from my experience mining in just the pool I mined in was- Every couple of days, sometimes it was daily, at roughly 3am Pyongyang time, the pool would suddenly double in hashrate in the span of just a few minutes. I'd wager this was one very large actor with an exceedingly large botnet at their disposal. I can imagine botnets are at least 30% of the total hashrate.

1. Buy chickens
2. Sell eggs for xmr
3. ??????????
4. PROFIT

>>57787108
>3am Pyongyang time
That's market open for Moscow, Riyadh, East Africa, ...

Is Pitch down for you guys?

http://pitchprash4aqilfr7sbmuwve3pnkpylqwxjbj2q5o4szcfeea6d27yd.onion

>>57788234
Did anon just discover an infinite XMR glitch?

>>57788784
Did you know an egg weights around 70g, which is about 6% of a chicken's own body weight??
Imagine an average 70kg human laying a super nutritious delicious 4.2kg food product almost every day!!! Fucking crazy!!

>>57788573
Yep

>>57789342
Eggs are peak comfy.

>>57786930
everyone likes the court jester, even the king

>>57771639
safex... now that's a name I haven't heard in a long time

>>57766684
what if binance wasn't helping

Pitch is back up but still no word from the Captain. :(

After being around for nearly one year, they say bye :)

99 were sent out and I've spontaneously decided that #100 will make another appearance in an auction where the proceeds get donated to monerochan.art :)

>>57791446

>>57791446
Um, that one in the middle looks like it's missing the black armband. Are you sure you're not mixing things up?

omg there's like a 1% pump today

>>57792346
REEEEEE MOONFAGGOTT WE DO NOT CELEBRATE MONETARY GAINS HERE
Losing wealth is le good actually

>>57792447
True. Just by doge coin.

For how much XMR would you be willing to let your Wife/GF get BLACKED for?

>>57792668
find christ

>>57792668
100000

>>57766684
>The Binance delisting wasn't nearly as damaging as it could have been.
The pure cohencidence of it happening right before this rally indicates that it was an attack timed to do maximum damage.
I think this is an under appreciated fact and shows how resilient it actually is.
What's the next attack going to be?

>>57778631
Uhmm.. red..?

>>57760799
Picotop signal

>>57794737
had a friend text me today asking about ETC
"Hey you know a lot about crypto right"

local top beyond all doubt.

>>57775833
You’re gonna need a bigger jar if you’re gonna do a cum jar of a Monerochan that big.

the new AML checker on trocador is interesting. when buying a nominal amount of LTC from a random exchange off trocador itself, the AML checker correctly identifies the funds as medium risk simply for being bought off a no-kyc exchange. checkers like this will soon become ubiquitous.
who is comfortable holding "medium" or "high risk" funds in any large amount? i predict this will drive crypto holders to two camps: kyc only (in which case, they won't transact for fear of sending/receiving tainted coins), or xmr-only, the only coin that can't be tainted. this will force your hand, there will be no middle ground.

>>57795264
We need to invest into open-source chainalysis to force the acceleration of this divide.

>>57795264
>>57783424

>>57792668
Die.

>D-did you just say you want your coin to keep up with inflation?
>MOONFAGGOT!! Y-YOU'RE A MOONFAGGOT
>WE'RE IN IT FOR LE TECH
>what do you mean central bankers are debasing fiat money by 15% YoY and XMR isn't keeping up?
>FUCK OFF MOONBOY
>GETTING BANNED FROM CEX IS LE GOOD
>SHUTTING DOWN ONRAMPS IS AKSHUALLY LE GOOD
>LE CIRCULAR ECOONOMY
>BEING USED BY FENTANYL ADDICTS IS AKSHUALLY A BIGGER ACHIEVEMENT THAN WALLSTREET ADOPTION C-CHUDS

>>57797213
this but unironically

>>57797639
>this but unironically

So many alts are popping the fuck off no doubt you guys are too

>-15% 30d

Whoops sorry guys, enjoy missing another bull run!

>>57797714
nooo they're in it for le tech

I'm Satoshi

>>57792668
Sir, this is a cuck-free zone, please leave.

>>57754761
pedo coin

>>57798471
>Sir, this is a cuck-free zone, please leave.
>this

>>57791441
Fresh caught sounds from the dark seas, Captain Blackbeard Radio episode 19: Captain Blackbeard VS George Soros is out now!
>redcircle.com/shows/14998969-fa6d-4c2b-a277-ccbc4ec92d4c

>>57784773
you're slowly getting it. they're for recurring payments and business relationships which represent 90%+ of all payments individuals make already over their lifetime.

there's no reason to over-complicate a protocol for the niche edge-cases of someone wanting to spray money randomly to people when most people will never do that. the use case is to remove the vast, vast majority of payments (which are uneconomic to make due to block demand) from the permanent, expensive layers. lightning isn't bitcoin, it doesn't need to carefully make decisions that affect decades in the future, it's fine to throw lighting away and replace it with the next thing eventually.

there is no other way to solve this problem without adding cryptographic complexity to the base layer (including cryptography that hasn't yet been invented). zero knowledge proofs get close, but the fundamental problem is blockchains do not scale.

>>57799157
>but the fundamental problem is blockchains do not scale.
Why can't they scale at least as fast as the tech scales? BTC is just insisting on being stuck at tech levels acceptable for 2010. 14 years. 14 years of tech becoming better and BTC using none of it and lost most grassroots adoption because of it to other coins.

> they're for recurring payments and business relationships which represent 90%+ of all payments individuals make already over their lifetime.

OK let them target that audience and see how it works. None of these people has trouble transacting freely in the first place, and the are already heavily regulated so BTC will change nothing for them. You need adoption from the ground-up if you intend to replace the financial system. Nobody should give a crap if Adidas uses BTC to settle with their suppliers and banks.

>>57799766
No blockchain scales without sacrificing decentralization. That's the job of Layer 2s.
>but muh monero costs pennies to transact with atm
Like any other ghost chain with no usage. doesn't have a fraction of the usage bitcoin has. Picrel (can't even see the red line of XMR it's so nonexistent compared to BTC) If it had the usage of Bitcoin the fees would be unfathomably large. Look at fucking ethereum fees today which is at a quarter size of BTC.

>>57799871
>No blockchain scales without sacrificing decentralization. That's the job of Layer 2s.
You are just regurgitating bitcoin maxi dogma.

There is absolutely no reason to NOT believe that Monero can have sufficient independent "home-run" nodes, so far as the badnwidth, along with SSD disk space, becomes larger & cheaper to reach.

Bitcoiners just stuck on a stupid 1 MB blocksize limit, and thus try to bad-mouth actually possible scaling on the base layer along wit the advances in bandwidth&storage.

>>57799897
Monero's blockchain is half the size of bitcoin's despite having 1/10th of its usage. Good luck scaling that. I'm sure the average normie will run a 18TB full node to secure the network.

>>57799897
Don't even bother with these morons. It's easier just to indulge their NGU delusions while encouraging them to never spend their coins.

Bitcoin hoarders are God's gift to the Monero economy.

>>57799871
>No blockchain scales without sacrificing decentralization. That's the job of Layer 2s.
BTC has refused to scale since 2010, on purpose, despite the tech scaling. It could have scaled without losing decentralization, but refused to do so. What's the point of being able to run it on old Raspberry Pis? You've made decentralization of blockchain validation, which is a USELESS feature for 95% of users, some holy grail that must never be touched, when ASIC mining which actually defines the rules of what is the chain with the most PoW is centralized AF.

>Picrel (can't even see the red line of XMR it's so nonexistent compared to BTC)
Let me overlay on that graph the number of almonds I eat every day too. Why are you comparing number of SHA/sec with RandomX/sec? This is absolutely meaningless. You can get any relation you want between them by simply changing the algorithm.

>If it had the usage of Bitcoin the fees would be unfathomably large.
What? Why? Give me the math cause you are just pulling things out of your ass at this point. Block size or block size adjustability somehow doesn't play into this equation?

>Look at fucking ethereum fees today which is at a quarter size of BTC.
Again a meaningless comparison. Ethereum is a completely different beast because validation there has completely different computational costs.

>>57799950
Not exactly half the size. Monero has <180GB blockchain, and btc has >500 GB blockchain. (that's what I read on my home node for btc).

>Good luck scaling that
Yeah, thanks. Many devs are looking into/considering future improvements into cutting the average transaction size on Monero. Bulletproofs++ is one of such improvements. Future may provide us with better compression techniques, especially after Monero switches to full membership proofs.

>I'm sure the average normie will run a 18TB full node to secure the network.

By the time XMR will require 18 TB disk space, we might have such storage spaces cheaper at today's 2 TB SSD price points. You never know.

Also, I would celebrate such a grand-adoption of XMR if it were to reach these sizes of blockchain. Long live Monero!

>>57799982
Miners don't mean jack shit without node validators keeping them in check. I run 3 full bitcoin nodes and two of them are on raspberry pis. Look at the hardware requirements of running an Ethereum node or a Solana node. Those shitchains are still exponentially larger than fucking Monero. Enjoy your little ghostchain's low fees due to the lack of its usage, but don't pretend like it wouldn't be absolutely wrecked if it were to scale to the size of Bitcoin.

>>57800001
>your little ghostchain
kek my dude... cheap name-calling won't make your points stand on their merit (which I fail to see much).

>>57799988
>By the time XMR will require 18 TB disk space, we might have such storage spaces cheaper at today's 2 TB SSD price points.
You're correct in that. By 2060 Monero might hyptohetically reach Bitcoin's current size.

>>57800014
>>57800013

monero

Oh, and as far as the blockchain size goes: ZKP recursion promises fucking INSANE compression since a single proof can be used to validate thousands of other proofs instead of each proof having to be validated individually i.e. you're only recording a fraction of current data to the chain.

This, in combination with growing storage capacities and increasing bandwidth, is what will help Monero scale on-chain in future.

Maxipadads are utterly clueless about what optimizations lay in store so feel free to disregard their "expert" opinions on such matters.

>>57800117
>dude just wait until patch v.1.3.9 comes out for my money it'll be worth more than yours

>>57800117
exactly. bitmaxis will probably wank themselves with various layers 2/3/4 and various custodial third parties.

grim.

>>57800127
lol nice. "appeal to price". what else to expect from a banker-coin?

>>57800127
>>dude just wait until patch v.1.3.9 comes out for my money it'll be worth more than yours

Yes. Now go have fun being fabulously wealthy somewhere else, us poor folk have work to do.

>>57800138
>appeal to price
as if preservation of wealth should be something you're ashamed of. Just because yours is devaluing you don't have to act all sour grapes about it.

>erm I would prefer if my Turkish lira didn't devalue relative to the goods I can purchase with it
>NICE APPEAL TO PRICE MOONFAGGOT

>>57777857
Her midriff is criminally sexy

>>57800146
"preservation of wealth" and "my ngu is bigger than yours" are different things. I hold Monero. I am fine with it. bitshit getting pumped by various scammy institutions (*cough* tether *cough*) doesn't make it better than monero.

>>57800146
>he still still can't differentiate between a functional currency and a tulip

>>57800161
>plebbit tether fud
Lmao. Back to buttcoin with you, they would love you there.
>>57800205
>Tulips returned to their ATHs after every crash
Wow another r/buttcoin classic. This general is literally plebbit on /biz/. Tulip bubble happened once, it popped, then never returned. Bitcoin is like Amazon before the dotcom bubble. Was amazon a tulip bubble ponzi scam just because it crashed massively in 2001? Was Apple? Was Microsoft?

>>57800227
>Lmao. Back to buttcoin with you, they would love you there.
kek.

======

Monero is the final solution to the taxman question.

>>57800246
Thanks for the gold kind stranger.

Sent from my iPhon using Tapatalk.

>>57800227
>comparing bitcoin to companies that innovate and/or provide actual products
lol. lmao even.

>>57800138
>exactly. bitmaxis will probably wank themselves with various layers 2/3/4 and various custodial third parties.

Maxipads are wonderfully stupid:

- they actually believe BTC's insane price action is a reflection of organic market forces
- they hoard their coins en masse while simultaneously expecting a healthy circular economy to magically emerge
- they actually believe there is enough liquidity in this zero-sum clown market for them all to cash out at a fat profit
- they take Mike Saylor seriously

Just indulge their retarded takes and continue encouraging them to hoard their coins, let nature take its course.

>>57800266
Does Gold have to innovate to stay relevant?

>>57800267
>MUH CIRCULAR ECOONOMY OF FENTANYL

>>57800286

You are going to be SO rich, bro!

>>57800305
I already am.

>>57800313

Yes, we can tell.

NEW THREAD: >>57800334
>NEW THREAD: >>57800334
NEW THREAD: >>57800334
>NEW THREAD: >>57800334
NEW THREAD: >>57800334
>NEW THREAD: >>57800334

>>57800329
In the same way I can tell you're not since you're in a Monero general

>>57800273
>Does Gold have to innovate to stay relevant?
is bitcoin used for electronics and jewelry? is bitcoin fungible?

>>57799157
NEXA can do 10kTPS on a UTXO chain. BTC has been deliberately crippled to benefit miners.

>>57799766
if you're retarded enough to confuse scaling and capacity you're too retarded to be having this debate with anyone

>>57801231
chink miners were the ones teaming up with craig wright and roger ver to make failed alts like bcash. they wanted bigger blocks because they didn't care how centralized the network got.

thankfully bitcoin remains the one place the users actually have enough power to tell them to die.