/biz/ - Business & Finance

[Anonymous No.14035170]

Is it the holy grail of money laundering? How long until it's outlawed?

[Anonymous No.14035288]

Texas is already taking steps in that direction. But they can't really ban it entirely can they?

Also, with DEXes allowing swaps between chains - laundering will become even easier.

[Anonymous No.14035335]

>>14035170
The only coin I've got a few of.

[Anonymous No.14035338]

>>14035170
Didn't some millionaire's wife get kidnapped and the kidnappers demanded a large payment through Monero?

[Anonymous No.14035362]

>>14035170
It's a stablecoin with an infinite supply who's wallet takes days to sync up. No thanks, changers/mixers made this obsolete.

[Anonymous No.14035372]

>>14035288
Impossible to ban, how would one prove that someone has it?

[Anonymous No.14035382]

>>14035362
Zcash is finite though isn't it? Also anything good about EOS?

[Anonymous No.14035396]

>>14035338
yes

[Anonymous No.14035407]

>>14035372
>impossible to ban
it will be banned from all exchanges. that is enough to crash its price by at least 99%. It will still exist and used but it will be worthless as an investment

[Anonymous No.14035410]

>>14035382
Fuck off /g/.

[Anonymous No.14035413]

>>14035372
you ban buying and selling of it for fiat DUH

[Anonymous No.14035606]

>>14035362
I updated my wallet which was 190 days out of sync within 5 hours.

[Anonymous No.14035683]

>>14035407
>a widely used dex will never exist

imagine actually believing this

i don't even hold any monero but how can anyone actually believe this isn't the direction things are going? it has a huge potential value. someone will make it work sooner or later.

[Anonymous No.14035696]

>>14035170
Within the year.

[Anonymous No.14035700]

monero doesn't matter anymore bitcoin is private

[Anonymous No.14035709]

>>14035407
>it will be banned from all exchanges.

this is flat out retarded, over half the exchanges are run by asians and they dont give a fuck about skirting regulations

[Anonymous No.14035727]

>>14035709
see: binance literally moving to malta just to fuck around with their lax laws

in a space thats already enormously difficult to regulate, there will always be 10+ loopholes, no fucking way top tier exchanges refuse to list a top 25 coin

[Anonymous No.14035734]

Reminder that all coins are scams except for XMR because its the only coin people use on the black market

[Anonymous No.14035756]

>>14035700
still not as good as monero's privacy

[Anonymous No.14035764]

>>14035338
yup in norway, he probably killed her himself.

[Anonymous No.14035770]

>>14035407
Atomic swaps are on their way

[Anonymous No.14035824]

>>14035734
And XMR is going to be illegal soon for that reason
When two people can get an app and exchange money with no trace or evidence at all, the government has a problem with it

[Anonymous No.14035836]

>>14035734
t.guy who has never used dark net markets

80%+ still use BTC, at least half dont even offer XMR as an option

[Anonymous No.14035840]

>>14035683
Possibly brainlet question....can't the government just keep taking down dex sites as they pop up?

[Anonymous No.14035861]

>>14035824
What happens when things are banned? People desire them even more

[Anonymous No.14035868]

>>14035840
A dex isn’t a website newfag

[Anonymous No.14035917]

>>14035170
>>14035824
>>14035840
>>14035868
XSN's DEX will be immutable and allow anyone to mix BTC or do Lightning swaps to a number of other coins (LTC, XSN, Tether) without even registering an account.
The government couldn't do a damn thing to shut it down.
I see Monero being a prime contender for its DEX

[Anonymous No.14035929]

>>14035840
>can't the government just keep taking down dex sites as they pop up?
Actually I think this is a pretty good question. Lots of ways for governments to make it pretty hard on these guys, e.g. tracking anyone who sends btc or eth to one of these. Also note that if law enforcement of US, PRC and Europe all come down on to you then your life will suck pretty bad. IOW, not so sure that, in practical terms running a DEX is the magic "get out of jail free" card that biz thinks it is.

USG has lots of ways to fuck with you if they decide they don't like you/that you are funding shit they don't like. Interesting book on after math of 9/11 [inb4 retarded conspiracy theories] discussed how lots of what USG did was go after the FUNDING.

[Anonymous No.14035938]

>>14035683

A decent dex is gonna be really intersting

Governments will either start losing power as crypto advances and gain more adoption, or we gonna see a massive war against them.

I bet on crypto, fuck the jews

[DarkTrip !nNThBA7CKU No.14035953]

Wow
Such brainlets

LISTEN
shut the fuck up and read for once in your pathetic lives...

When Napster came onto the scene govt said "Napster bad we're banning it". Then they banned it and it went offline because there was a master server.

When torrents can out a little while later the govt said "Torrents bad we're banning it". I can still down load torrents today.
Why don't they ban it? Cause they CANT ban p2p.

>but much cash out
Where we're going the ecosystem will be coins (btc/ltc mostly) so you won't need to cash out

[Anonymous No.14035961]

>>14035917
>The government couldn't do a damn thing to shut it down.
Bullshit. USG can do lots of shit to fuck with this. Can pump it full of bs transactions. Can make it so funds that get traced back to the DEX automatically flag an investigation. Can use paid informants to entrap people and throw them in jail for using the DEX. Can make it a federal felony punishable by 20 years in federal pen for using one of these.

[Anonymous No.14035983]

>>14035953
>When torrents can out a little while later the govt said "Torrents bad we're banning it".
Bullshit. It is not a federal felony to use a torrent. TOR was actually started by USG and, who knows, but it looks like they WANT torrent working. If you have USG on your ass then you truly have someone on your ass.

[Anonymous No.14035986]

>>14035756
doesn't matter monero isn't secure liquid or verifiable

[Anonymous No.14036004]

>>14035683
>blockstream

[Anonymous No.14036006]

>>14035953
>Napster gets shut down
Morpheus, Kazaa, WinMX, and Limewire come to replace it
>Megaupload gets seized
20 other sites replace it
>thepiratebay gets shut down
Relocates to a new domain and builds anew

[Anonymous No.14036018]

>>14036004
meant for>>14035700

[DarkTrip !nNThBA7CKU No.14036064]

>>14035983
>Bullshit
https://en.wikipedia.org/wiki/Legal_issues_with_BitTorrent
lel wat u smokin son

[Anonymous No.14036065]

>>14036018
>tari

[Anonymous No.14036080]

monero's devs sold out to venture capital firms they're completely bought and comp'd
and you idiots act like monero is private and safe LOL

[Anonymous No.14036098]

>>14035986
At one point bitcoin wasn't secure either, and then it was. At one point bitcoin wasn't liquid, and then it was. Monero is a fucking giant waiting to be awoken by the right set of circumstances.
>>14036080
Yikes.

[Anonymous No.14036103]

>>14035961
>pump it full of bs transactions
I don't see how this is a problem in any way. The more LN swaps people perform on the wallet, the more small fees are paid to MN owners and the developer fund.
>Can make it so funds that get traced back to the DEX automatically flag an investigation
I suppose they could, but that would be a monumentally tall order. They'd have to know every wallet directly associated with it and confirm that it was indeed used to mix BTC. They barely have the time or resources to audit tax evaders owing tens of millions of dollars.
>Can use paid informants to entrap people and throw them in jail for using the DEX. Can make it a federal felony punishable by 20 years in federal pen for using one of these.
I'll believe that extreme case scenario when I see it. That would be free publicity and it would only be detrimental to whoever tried to ban it over time.

[Anonymous No.14036142]

>>14035407
Yes and no.It wont crash it that much, its a dangerous or highly risky asset without as much growth potential as others but that doesnt mean its not being used for example, the simple fact its being used makes it valuable. Id suggest holding 1-3% of your portfolio in it.

[Anonymous No.14036162]

Some anon unironically sent me 5 xmr in 2017 at the peak
Very based and made me get more into crypto

[Anonymous No.14036169]

Going to pass it on to another anon when I finally make it

[Anonymous No.14036187]

You tards are not getting it. No one (but the movie studios) gives much of a shit about a few dorks sharing pirated copies of the Avengers.

Once we are talking about actual money laundering, funding terrorist shit, PRC and USG (among others) get much more serious and start bringing out big guns.

When the studios and music companies started taking CIVIL legal action, i.e. suing people, USG mostly stayed out of it.

Things will be very different if people start moving significant sums around. You guys are all smoking the "muh boomer government doesn't know shit about technology"

Most of this will, as always, come down to social engineering by USG rather than "tracking every single transaction in and out of the dex" i.e. paying bounty to people to turn each other in, and otherwise disrupting the network.

[Anonymous No.14036193]

Actually it was on New Years right before midnight

[Anonymous No.14036218]

>>14036187
Do you even know a single fucking thing about how Monero works?

[Anonymous No.14036255]

>>14036218
>Do you even know a single fucking thing about how Monero works?
Such a retarded question. Here let me help you retard. Yes, here is how it works, someone holds an asset, called monero. They can then get into transactions using it.

You are, retardedly, focused on the "muh technically impossible to trace" part.

The human element is going to be the attack vector. If USG makes it a felony to use Monero they can make your life fucking miserable if you try to use it to buy one sex doll. You are retarded if you think otherwise.

[DarkTrip !nNThBA7CKU No.14036283]

>>14036187
>>14036255
u sound more idiotic with each post
go sit in the corner and lurk moar

[Anonymous No.14036327]

have you ever tried using the wallet? it's garbage

[Anonymous No.14036328]

>>14036283
>u sound more idiotic with each post
>go sit in the corner and lurk moar
Great points and typical biz arguments.

We have a lot to learn from you. We should all lurk and sit at your feet.

You fucking moron are convinced you have a cloak of invisibility. Do you understand that most security breaches are not the result of technical breaches, but social engineering. Do you not understand what happens when someone on the other side of a transaction turns you in?

[Anonymous No.14036329]

>>14036187
You're incapable of responding to my post, but feel the need to keep running your mouth.
Bitcoin dark markets have existed for years at much larger volumes than Monero let alone any DEX. All throughout the time it was still assumed to be anonymous, there was only so much they could do. For that matter, stacks of USD are considerably more efficient for funding terrorism. None of these social engineering tactics have done shit.
Sure, they might go after very large transactions (>$10 mil in one pop) to prove a point, but they would exhaust themselves trying to shut down crypto - especially DEXs

If they jumped on it before 2012, they may have had a chance. Now? It's too late. Far too much with any one coin happens in places far outside any one particular country's jurisdiction. All banning it would do is give it free publicity

[Anonymous No.14036366]

>>14036329
>None of these social engineering tactics have done shit.
I suspected you were full retard but now it is confirmed. You have NO FUCKING IDEA what shit has been done to shut down money laundering.

Ross Ulbricht is sitting in solitary confinement for the rest of his life because he thought he was smarter that LEO coming after him.

Best of luck to you but I hope other anons understand the stupidity of your "I am invincible" attitude.

[DarkTrip !nNThBA7CKU No.14036422]

>>14036327
not gonna make it

[Anonymous No.14036487]

>>14036255
>Such a retarded question.
Not really a retarded question seeing as how every single boomerish part of your redditspaced horeshit speculative blogpost indicates one iota of technical knowledge.
>here is how it works, someone holds an asset, called monero. They can then get into transactions using it.
Yes, this is how digital cash works. Looks like you conveniently left out any technical details about how Monero becomes broken though.
>You are, retardedly, focused on the "muh technically impossible to trace" part.
That's the reason this thread even exists.
>If USG makes it a felony to use Monero
Imagine the government trying to craft a law in such a way that applies very specifically to Monero but not a fuckton of other cryptocurrencies. Something like this would be unprecedented and completely unsuccessful as long as open source software and the internet exist.
>You are retarded if you think otherwise.
There's only one retard in this conversation and I have bad news for you.

[Anonymous No.14036507]

>>14036366
>the guy that ran the Silk Road and trafficked every illegal drug under the Sun all over the globe got arrested so everyone that uses privacy coins is guilty of the same thing
Cherrypicking 101. The more you fail to argue with substance, the more you get increasingly emotional about your big daddy government. Then again, you did hurl out childish insults and use CAPS, and if that isn't the finest way to argue a point, I don't wanna know what is.

[Anonymous No.14037266]

If "the gobermen ban it" is the best FUD you fags have got then this shit is going to 5 figures easy

[Anonymous No.14037271]

I have been trying to warn anons. Unless you want to go to a high security prison in the United States, do not use monero. I repeat DO NOT use this terrorist coin. You guys talk a big talk online about muh privacy, but you will end up in prison alongside terrorists. Freakin brainlets.

[Anonymous No.14037423]

>>14037271
PROVE I USED IT.
PROTIP: YOU CANT

[Anonymous No.14037527]

>>14037423
Ever download a monero wallet? Ever search for monero on google? Yea, you’re on a list retard. Oh guess what. Monero isn’t private. The team sold out to the government and the code is full of backdoors. Go check for yourself

[Anonymous No.14037581]

>>14035170
Monero was sabotaged by its devs, it's a coin on a death row.
They're forking to the cpu pow. One guy is easily going to be able to 51% monero, for one hour, at the cost of ~$10k on spot ec2.

[Anonymous No.14037678]

>>14037271
>>14037527
Threadly reminder that the people that post this kind of stuff are paid operatives, government employees, or just really unfunny trolls.
>>14037581
There's already a RandomX Nvidia miner that's hitting like 80-90% of its CryptonightR hashrate, so no. We'll see if an optimized AMD can even be developed. GPUs will take a hit for sure but all of the speculation that GPU mining would completely die looks like it's going to be wrong.

[Anonymous No.14037709]

>>14037678
Hashrate is not a unit that can be compared between algorithms.
https://www.monerooutreach.org/stories/RandomX.php
According to this, Ryzen 7 1700 is almost 4x faster than 1080 ti.

[Anonymous No.14037773]

>>14037678
Who cares if I’m a “paid operative” what I’m saying is true and will happen

[Anonymous No.14037803]

>>14037527
Personally I think the Monero team is the old Bytecoin team who had to find a way to salvage their scamcoin after it was outed they premined the shit out of it and tried to hide its age.

[Anonymous No.14037877]

>>14035382
EOS is the only improvement to ethereum that's worth a damn. Not a bad investment but I hardly think it's going to revolutionize the world.

[Anonymous No.14037890]

>>14035170
>Is it the holy grail of money laundering? How long until it's outlawed?
You can use mixers, monero, etc. all you want but you need to cash out eventually...How are you suppose to explain the source of the crypto when you go to cash it out to fiat to a bank and the IRS?

[Anonymous No.14037948]

>>14037890
>i found these million moneros on a used hard drive sir

[Anonymous No.14038045]

>>14037948
You better pay your tax sir. If you hold it over a year it's only 15% which isn't too bad especially if you have millions like you say. You make a lot of money, and the IRS/goverment agency makes money. Win-win! :)

[Anonymous No.14038048]

>>14035953
You people really underestimate the whole cashing out problem. The world will not be using Crypto for anything for a long time, and cashing out as it is RIGHT NOW is ALREADY hard enough. Make one wrong move and Coinbase or the IRS steals all your money.

[Anonymous No.14038065]

>>14037709
>Hashrate is not a unit that can be compared between algorithms.
Hashrate is just a unit of measurement for how many attempts per second a miner makes trying to solve a block. In this case none of the other parameters of the actual Monero blockchain are changing so of course the hashrate can be compared.
>According to this, Ryzen 7 1700 is almost 4x faster than 1080 ti.
Completely outdated. See:
https://github.com/SChernykh/RandomX_CUDA
>>14037773
Why would anyone believe what you say if you're being paid to say it?
>>14037803
I don't even know why you would believe this. Everything about Bytecoin suggests a lot of the scammy shit was done in secrecy including their refusal to ever admit publicly that they were scamming people. Monero was basically created out of the outrage that the Cryptonote whitepaper was being shit on by the mere existence of Bytecoin.

[Anonymous No.14038124]

>>14037890
OP needs to read the definition of money laundering before making stupid threads on this garbage board.

[Anonymous No.14038239]

>>14035170
As long as people mine those blocks and have access vpns and the software and wallets, and have options to buy or sell its futile to ban it. Just look at the drug trade and human trafficking, billions in funding and it still happens daily in more than 100 countries.

[Anonymous No.14038241]

>>14038045
desu I hate the fucking US government but not achieving financial freedom just because you have an autistic issue of giving the US gov a few million (chump change to them) to achieve true freedom that's the real cuck.

[Anonymous No.14038347]

>>14038065
Because it’s true you fucking brainlet. Anyone with any intelligence understands

[Anonymous No.14038373]

>>14038347
>Anyone with any intelligence understands
That the open source code is backdoored? literally lmao

[Anonymous No.14038380]

>>14035917
bisq.network is already a thing

[Anonymous No.14038407]

>>14037527
Not sure if this is a feeble attempt at FUD, or you're just this retarded. I can assure anyone that reads this that the notion of putting a back door on software that IS PUBLISHED IN THE OPEN ON GITHUB is probably the dumbest person in the room and we should all point at him and laugh.

>t. monero developer.

[Anonymous No.14038416]

ITT: people who understand XMR and love it and government operatives trying to FUD XMR because they can't track transactions.

[Anonymous No.14038428]

>>14037890
maybe if there were less faggots like you that wanted shitty fiat and more true crypto visionaries, people wouldn't even remember when cucks like you "cashed out to fiat".

Crypto was created to be your own bank. All you faggots do is send funds to and from exchanges. Go out and fucking trade your crypto for goods and services you stupid nigger.

[Anonymous No.14038444]

>>14038416
there is a single way to track transactions. and it is all thanks to exchanges. but if you keep your monero off exchanges, you have nothing to fear.

[Anonymous No.14038469]

>>14038373
Check for yourself before making statements like this. Have you actually spent the time to review the code? Probably not you just take people word for it mongaloid

[Anonymous No.14038490]

>>14035338
Be very skeptical of anything that comes out of Norway.. it is a very corrupt country. The state is staging things all the time in order to get its will.

[Anonymous No.14038502]

>>14038444
Checked. Who the fuck uses exchanges to cash out? Pathetic noobs. Monero was meant to be digital cash. It's going to be more valuable when traditional fiat collapses. I'll be a fucking trillionaire.

[Anonymous No.14038563]

>>14035170
monero is backdoored, fluffyphony told me

[Anonymous No.14038711]

>>14038469
>Have you actually spent the time to review the code?
I've checked it and about a million other people have checked the code. It's pretty fucking simple enough to do. It's right there on github if you want to take a look yourself.
>>14038563
I haven't really given much of a fuck about all of the BSV/CSW threads that have popped up since it forked from BCH but I do have to say that there is a huge coincidence to the timing of these retarded "Monero is backdoored" kind of posts and all of the BSV spam we've seen infest the board.

[Anonymous No.14038792]

>>14038711
>there is a huge coincidence to the timing of these retarded "Monero is backdoored" kind of posts and all of the BSV spam we've seen infest the board.
what if craig and roger are cashing out their bsv pump gains to xmr

[Anonymous No.14038860]

>>14038792
>what if craig and roger are cashing out their bsv pump gains to xmr
The only one of them that would pump XMR is Calvin so he can buy more prosties.

[Anonymous No.14038880]

>>14037527
I rarely post but I have to say, you're a fucking glow in the dark nigger retard paid shill mother fucker nigger.

[Anonymous No.14038927]

>>14038711
Actually, very valid point. I find it suspicious too.

[Anonymous No.14039322]

>>14035288
dexs dont exist. and wont ever exist. distributed db is still centralized.

[Anonymous No.14039456]

>>14035929
Yeah, that’s why the US took down Swiss banks. Oh, wait.....

[Anonymous No.14039686]

>>14038711
lmfao you know nothing

[Anonymous No.14039711]

>>14039456
>Yeah, that’s why the US took down Swiss banks
Great point, genius. Please talk out your ass more, that is a big help.

https://www.fedortax.com/resources/swiss-banks-give-up-u.s.-customer-names-under-government-pressure

In fact US Government has gone after the swiss banks in recent years and swiss banks have started to cave.

[Anonymous No.14039761]

>>14039711
haha, a centralized entity squeezing another centralized entity. too bad monero is decentralized and it's inherent features stop anyone or anything from even uncovering account balances at any given point in time. imagine being as retarded as you.

[Anonymous No.14039778]

>>14039711
also, need i remind you that the tide is shifting to privacy acceptance in congress and courts.

[Anonymous No.14039818]

>>14038407
>I can assure anyone that reads this that the notion of putting a back door on software that IS PUBLISHED IN THE OPEN ON GITHUB is probably the dumbest person in the room and we should all point at him and laugh.

Actually agree with this. Two levels of moron in ITT.

Level 1 EXTREME moron:
Believes that there is back door or stupid shit in Monero. Many many many eyes looking at this code, that is open source on github.

Level 2: Non moron on technical issues but moron as to real world issues
The rest of you tards that think your cloak of invisibility is going to work and want to keep the debate on technical issues. (Include dumbass tard "namefag" who picks a name like "DarkTrip" based on a D&D campaign he was on where he got some cool magic items) This is not purely about technical issues. First, because, as has been repeatedly explained to you, when it comes to money laundering, then there are lots of folks in government/military who will go to extreme measures.

Another issue is that if it is made illegal then NO this is NOT like marijuana where that is only going to drive demand. Most normies like getting high and they like getting drunk, so making those illegal was stupid in the face of huge demand. Most normies do not give two shits about privacy, as shown by their willingness to put their whole life on Zuckerbook. Privacy coin is not a big deal to them. they don't give a shit. Main use case for monero in short to medium term is HIDING ASSETS, for example from your soon to be ex wife. Yes, some folks are going to do that, but for many, making that ILLEGAL adds a whole layer of shitfuckery that they don't want to deal with.

Currently, if I hide assets in a divorce proceeding I can face civil penalties but not criminal penalties. So, atm we are already seeing crypto assets come up as issue in divorce proceeding. But if all wife has to do is find evidence that husband has some monero and that in and of itself is a crime, thatis different thing.

[Anonymous No.14039856]

IOW yes monero is cool technology, and it is retarded to fud the TECHNICAL issues wrt to monero.

But if in fact it was made illegal then, as a practial matter, it becomes purely a fringe item that a few crazy fuckers use. There's not going to be some groundswell of adopters jumping on board. Only hope for monero to reach anything like mainstream adoption is if it remains legal.

[Anonymous No.14039861]

>>14039778
>also, need i remind you that the tide is shifting to privacy acceptance in congress and courts.
absolutely moron tier and you have no fucking idea what you are talking about. Lots of normies freaking out about crypto and freaking out about terrorists about to jack their shit.

[Anonymous No.14039879]

>>14039818
Level 3 Moron: You
>money laundering
this is already done without monero, every single day
>normies dont give a shit
good, this is for big money who cant use swiss accounts anonymously anymore or need to move large amounts without anyone but themselves knowing
>crypto assets, wife finds out
if the husband is competent enough to buy and wallet monero in the official wallet, im sure hes competent enough to not let wife ever find out.

[Anonymous No.14039887]

>>14039761
>centralized entity squeezing another centralized entity. too bad monero is decentralized and it's inherent features stop anyone or anything from even uncovering account balances at any given point in time. imagine being as retarded as you.

simply moron tier. Let me try to explain (can't write in crayon unfortunately). Some tried to use swiss banks as a counter argument. That is a stupid counter argument for the reasons I explained -- in fact the swiss banks have started capitulating.

Please please please stop being a moron if you think the technical specs are going to save you. over and over and over: the issue is that the government does not need to do a direct attack that way. The weakness is the other humans that are using it. Many of them, such as yourself, are clearly morons. And overconfident. And arrogant.

[Anonymous No.14039905]

>>14039879
>if the husband is competent enough to buy and wallet monero in the official wallet, im sure hes competent enough to not let wife ever find out.

Utterly moron tier. Smart people get caught in this shit all the time. But keep telling yourself that.

yes, money laundering is done every day, and people in PRC and USG are not above waterboarding people and throwing them in Guantanamo to get to the bottom of it.

[Anonymous No.14039911]

>>14035407
Yeah it will get banned. It‘s just a matter of time. Especially Monero has been a pain to law enforcement for years already. The clock is ticking especially with this anonymity coin.

What people don‘t get is „why“ outlawing it would make it drop to zero:
It‘s because you cannot exchange it to FIAT anymore. Exchanges that are fiat compliant will have to delist. Illegal DEX where you could trade it have no Fiat on/off ramp. It has no use when you cannot convert it into real world stuff. One day Monero will just drop dead within moments, it is inevitable.

[Anonymous No.14039941]

People used to say the exact same shit about bitcoin.

>>14035362
>what is a remote node
lol retards

[Anonymous No.14039972]

>>14039887
monero has been around for 5 years already and traded on poloniex which is owned by circle which is a goldman sachs startup you fucking moron. coinbase which is based in US and abides by US regulations already lists ZEC which is a privacy coin you fucking moron. BTC, ETH, other cryptos is used for money laundering too and other illicit activities but you dont see it going away or getting made illegal anytime soon if ever, you fucking moron.
>>14039905
first they would have to find out whos holding what xmr and good luck ever finding that out you fucking moron

[Anonymous No.14039975]

>>14039911
In the end only BSV is fully compliant with the law.
BTC has crippled traceability due to SegWit and running Lightning on it kills it for good. If BTC ever surpasses ATH again it has a big problem. It will get a lot of attention but not only good one. The only solid proof crypto is BSV, if you like it or not. It‘s fully compliant and within the law, the way Bitcoin was initially designed to be by Craig.

[Anonymous No.14040014]

>>14039686
Please educate me, senpai.
>>14039818
>>14039887
>Please please please stop being a moron if you think the technical specs are going to save you.
Monero is just one version of an idea that involves really good technical aspects, but the idea itself is basically impossible to shut down. Any "socially engineered" attack against one cryptocurrency will just spill over into the development of another coin or another feature that has similar principles and adapts to whatever new future you're imagining.
>>14039911
>>14039975
There are only a handful of direct XMR/USD onramps as it is anyway. Most XMR trade volume is with the BTC pair. Just one extra hoop to jump through if you're doing a lot of Monero to fiat conversions.
>the way Bitcoin was initially designed to be by Craig.
Bitcoin was designed to be peer to peer electronic cash. Nothing more.

[Anonymous No.14040031]

The biggest money laundering currency is called the United States Dollar. It's also the biggest currency used by terrorist. It's literally backed by the biggest military in the world who used it countless times to do illegal shit through the agencies such as CIA to supply terrorist groups abroad.

If anything, CIA is happy for monero. And so is the US government. You guys are fucking retarded. EVEN GOVERNMENT NEEDS ANONYMOUS TRANSACTIONS. How else are they gonna keep doing shady shit? You people are so fucking ignorant. Literally craig KYC wallet tier.

[Anonymous No.14040037]

>>14039972
>but you dont see it going away or getting made illegal anytime soon if ever, you fucking moron
God it is painful to argue with a retarded teenager.

Dumbshit, nobody knows what is going to happen. It is very hard to predict how regulations are going to change. Unlike you, I'm actually a smart person who follows this shit and I don't know.

We are not talking ITT about likelihood of regulations changing. We are talking about what happens IF that changes. And IF that changes, then monero is fucked and you are fucked if you think fucking ring signatures and shit are going to save you.

They absolutely positively would find out who holds monero for the reason I keep explaining but that you are refusing to accept. They can use confidential informants, they can make it nearly impossible to convert to fiat. You say you don't give a shit because we'll all just be happy as pigs in shit using monero. But you can't pay your rent in monero if its illegal. And you can't buy a house with it if it's illegal. and you can't pay your kids tuition with it if its illegal.

[Anonymous No.14040057]

>>14040037
You realize that unless all crypto gets banned that's not even remotely possible? Decentralized exchanges exist. Someone somewhere in the virtual space would always be willing to exchange your monero for other crypto.

[Anonymous No.14040087]

>>14040014
>There are only a handful of direct XMR/USD onramps as it is anyway. Most XMR trade volume is with the BTC pair. Just one extra hoop to jump through if you're doing a lot of Monero to fiat conversions.
Disagree with you but you are less retarded than others in the thread. You are correct but as you know BTC is also traceable. USG can use this to, for example, flag BTC coming from a particular source. Switching XMR to BTC is not a simple "clean slate" like that. BTW more and more work being done right now to trace transactions on BTC chain.

[Anonymous No.14040097]

>>14039941
its crazy cuz satoshi basically made bitcoin to money launder and stuff since hes still in prison. i think he had no idea what he actually made or what it would be worth today i think

[Anonymous No.14040130]

>>14040057
>Someone somewhere in the virtual space would always be willing to exchange your monero for other crypto.

Maybe they would, at a large premium. At that point though, Monero is driven almost completely underground and stays in the shadows. It becomes risky to use, and risky to trust the people you are exchanging with. getting that crypto to a place where you can turn it into fiat is also risky. Of course everyone in this thread is a genius and so each convinced that they would never make a mistake.

The point is, government does not have to ERADICATE monero, they just have to make it a big pain in the ass to use. And that they can do.

[Anonymous No.14040149]

>>14040097
>its crazy cuz satoshi basically made bitcoin to money launder and stuff since hes still in prison.
please shut up with this stupid shit and also whoever is posting about Craig please double shut the fuck up.

I disagree with several anons in this thread (and have even called them morons) but for fuck's sake at least they are trying to discuss serious issues, not bull shit about faketoshi.

[Anonymous No.14040183]

I really have to laugh. It’s going to be a glorious day when XMR anons are in jail. The price will crash to $1 a coin within 2 years. Pls cap

[Anonymous No.14040195]

>>14040130
>at a large premium
Why? If it was banned from exchanges, the exchange rate would be hard to track that's one, second.
You can't just "ban monero". Some governments could, some would never. Like with everything. There's countries where you can fuck children, look it up. As long as one country remained where it's legal (and there always will be) monero will stay legal tender. Because you know, virtual space doesn't have borders. Go with your LEA fud somewhere else. No one is buying this shit. Take care of your USD first (biggest money laundering and terrorist funding currency in the entire world) instead of talking shit about privacy coins.

By the way, US would run in a lot of lawful problems with banning a currency, bitcoin or not. Supreme court would eventually get involved but I cannot tell you what will happen, neither can you know.

[Anonymous No.14040217]

I'll be here laughing at you all retards when this moons. Imagine if you told all the normies they can have their goods actually private. There's a reason why the "swiss bank" shit is so popular among them. Nobody wants to share their wealth. If they hear bitcoin is not as private as they heard guess what coin will be bought?

[Anonymous No.14040221]

>>14040195
>typing this out
Wow ur gey dude

[Anonymous No.14040232]

>>14040217
It’s almost comical how retarded you people are. This will never be worth anything

[Anonymous No.14040264]

>>14040232
People said the same shit about bitcoin. See you in 2 years. Screencap my post so you have something to cry to.

[Anonymous No.14040354]

Software falls under free speech, see pgp. They cannot ban free speech.

[Anonymous No.14040394]

>>14040354
All it takes is a supreme court decision to rule that it's a store of wealth used by criminals, which it is. (((They))) can ban anything they want to.

[Anonymous No.14040472]

>>14040394
>which it is
You are implying too much. Criminals may use crypto, criminals may use knifes. Is everyone who uses knifes or guns a criminal?

[Anonymous No.14040495]

>>14040472
>is everyone who uses knives or guns a criminal
In the eyes of the government, yes.

[Anonymous No.14040562]

Can XMR support sidechains? I'm a total brainlet with crypto.

[Anonymous No.14040621]

>>14040354
>Software falls under free speech, see pgp. They cannot ban free speech.
Based clueless neet autist, get a life and understand how WRONG you are

[Anonymous No.14040650]

>>14040394
>store of wealth used by criminals
So we also ban the dollar. And most banks.

[Anonymous No.14040723]

>>14035170
>Is it the holy grail of money laundering?
no because putting dirty money doesn't just wash your monero you idiot. there is still the question of, "when/where did you buy this monero?" when you want to cash out. fuck this FUD.
monero unironically to $1200 by 2021

[Anonymous No.14040792]

>>14040723
why are any of us trying to convince each other about anything? either you have high enough IQ or you're too brainlet, and one side will be proven right and the other will be proven wrong. and if you're right, no need to waste your breath on these nay-saying fud-fuckers while we go to the moon. But one thing I think many of us can plainly see is that both BSV and BCH are both shit coins that will go to $1 way before either BTC or XMR.

[Anonymous No.14040794]

>>14037527
>t. Glownigger
Go back to pol and leave biz alone.

[Anonymous No.14040849]

>>14040723
This. /biz/ is literally brainlet tier and doesn't realize how
1. Cashing out works - YOU have to proof where your money came from, literally guilty until proven innocent is how it works. That's how literally most money laundering is prevented.
2. Tax collection works - No one cares about information from neither your bank (it almost never reports you to IRS/government if the above mentioned is ok), or your wallets. Everytime you get caught for tax evasion it isn't because you have money, it's becuase you buy shit like (expensive) cars and houses/property that there is public record of where IRS can take a look via their electronic systems. I worked in a certain european country's tax agency. If you have no official income, we have no way of knowing how much money you have. We will only know if, again, you buy houses, cars and other shit that requires registration. No tax agency can just check your balance without a court order. If you have suddenly a lot of income obviously IRS is going to give you a visit, especially if it's a lot. But usually to even have that income in the first place, you already went through bank's AML/KYC so we probably have literally nothing to do, you just show tax agency what you showed to the banks.

[Anonymous No.14040860]

Oh and there's also the snitches. Neighbors and jealous people sending anonymous notices. Many people were caught this way. I'd probably say it's #1 reason people get caught. That and buying property.

[Anonymous No.14040884]

>“Whether code is covered by free speech is actually pretty settled. The answer is yes,” said Kendra Albert, a technology lawyer and affiliate at the Berkman Center for Internet and Society, as well as a clinical instructional fellow at the Cyberlaw Clinic at Harvard Law School.

[Anonymous No.14040964]

>>14035836
Because it’s all a honeypot now

[Anonymous No.14040972]

>>14040849
Okay but what if I cash out and just straight up say "yeah I held onto this shitcoin for a year and now Coinbase is giving me money for it?"

What happens then?

[Anonymous No.14041013]

>>14040972
You have to prove it. Most coins have transparent blockchain, so you just show them the proof. There's specialized bankers in crypto cashout, they will help you with that shit.

If you bought monero anonymously 3 years ago and you want to cash it out now, sorry mate, you're shit out of luck. If you can show them you bought monero on an exchange and you cash out the same amount of monero you bought then then you're clear. Again, the rule is simple - guilty until proven innocent. If you can't prove where money came from, you're probably fucked. Or just cash out anonymously(absolutely possible). Just beware you'll be treated like a criminal regardless if you are. Of course nobody will be able to prove you actually money laundered(if you didn't), but in most countries that means you'll have to pay like >75% penalty tax for "unknown source of money" Check your laws for more info, it might be that you won't be even able to use your money at all.

[Anonymous No.14041037]

>>14041013
Well I heard that Coinbase will steal your funds if there's a large transfer and they see even one of your coins having been used to buy drugs in the past. Let's just say that LINK moons and I'm suddenly a multi-millionaire who wants to cash out all of my money and put it into fiat stocks after the crash and live the comfy life off of the 4% dividends. How do I go about doing that without getting hassled too much or losing my money?

[Anonymous No.14041079]

>>14035836
This. They're careful with giving out their address but the options I was offered were BTC bch and ltc

[Anonymous No.14041115]

>>14041037
Everyone knows not to use Coinbase. Plenty of other exchanges mate. Kraken is friendly.
If you want to cashout a large amount, you're better contacting someone specialized in crypto cashout and tax, there's people who do that for a living. They will give you a much better advice than I will. They will not ask for more than 1% (if they do tell them to fuck off) anyway and they will handle everything bank and tax related.

It comes primarily to supplying proof where and how you bought LINK (information from exchange, how you acquired the original amount of money before investment), then paying your tax properly (I'd HIGHLY advise contacting a tax advisor here as crypto taxes can be convoluted) and you're pretty much good to spend your millions. Never just try to transfer big funds to a bank without informing your bank first, guaranteed you'll get feds called on you. You gotta contact the bank before the transfer, supply them with evidence, and then you do a transfer after they give you an OK. This way you will avoid freezes, problem with the law etc. I also hope there's no weird shitty tax in your country. If it's just income tax it makes everything so much easier. After you pay the tax, if the authorities ask you to prove to legitimize your income you just give them the same information you gave to the bank and voilla unless your country's tax agency is an asshole.

[Anonymous No.14041145]

>>14041115
Well Kraken is busting my balls over the verification right now but yeah, I guess the best thing to do would be hire a crypto cashout and tax expert. I live in the US and I don't plan on making many trades, so hopefully I can skim by just paying the bare minimum amount of tax and then I'll have the money for my own private jet and can flee the country whenever I feel like it.

[Anonymous No.14041168]

>>14041145
Yeah US is kinda shitty for crypto sadly.
Isn't the verification there pretty easy? US regulations require just ID, bank statement, selfie. Every FIAT exchange handling a US customer requires at least that much.

[Anonymous No.14041216]

>>14038502
>Who the fuck uses exchanges to cash out?

How the fuck are you supposed to cash out large amounts if not throughout exchanges

[Anonymous No.14041225]

>>14041115
ORRR just export your KYC exchange trade history and walk into H&R block and pay a real expert to do it lmao who wont screw up your taxes and steal your btc lmao

[Anonymous No.14041821]

>>14040037
Fuck off nigger boomer. You're white trash.

[Anonymous No.14041847]

>>14041013
Where the fuck do these niggers come from? Why do they have so much time on their hands? Oh right, they're paid shills or just a unfunny retard. Jesus fuck go fuck your sister you inbreed.

[Anonymous No.14041859]

>>14041216
Your mother's vagina.

[Anonymous No.14041878]

so many 2018 newfags holding heavy bags here, dont be reckless with your money like them anons

[Anonymous No.14041880]

>>14036142
100% in Monero there's literally no reason to own anything else

[Anonymous No.14042331]

>>14037890
>because its the only coin people use on the black market

xmr.to...

Cash out in Bitcoin.

[Anonymous No.14042347]

>>14041821
>>14041847
>>14041859
lmao, what made you sperg out so much?
What's your problem?

[Anonymous No.14042414]

>>14038490
Damn Norwegians.

>>14038711
BSV and XMR are both controlled by gov.

[Anonymous No.14042490]

in a mass surveil state where crypto is outlawed, the only thing you will be able to use moneros for is digital assets.

Buying any physical asset will lend you to human risk (i.e. you being entraped, dogged on etc) or you being discovered through surveillance technology.

[Anonymous No.14042509]

>>14039911
>Trade monero for btc on DEX
>Transfer btc to fiat exchange
>???

[Anonymous No.14042651]

>>14040621
any arguments, or are you able to name calling only?

[Anonymous No.14042658]

>>14042651
can you simps stop posting porn just for once?

[Anonymous No.14042690]

>>14038048
How to not make the wrong move

[Anonymous No.14042920]

Hahahahahaha anons are STILL arguing in this thread about this shitcoin. Anyone who likes money and not being in prison should stay far away from this terrorist coin

[Anonymous No.14043023]

>>14040087
All of the stuff you mentioned here just highlights issues with BTC and fiat gateways. Monero itself isn't really the weak link. I'm not saying this isn't something to be aware of, it's just not really a Monero-specific problem. Also, getting back to what you were replying to, a ban on USD/XMR transactions would definitely affect the price for a while, but would it cripple BTC/XMR permanently? Unlikely.
>>14042920
>stay far away from this terrorist coin
0.00000100 BSV has been deposited to your account.

[Anonymous No.14043157]

Bought 3 not so long ago. Poorfag trying to get to 100k. Am I gonna make it, frens?

[Anonymous No.14043372]

>>14043157
You need 18.4XMR to make it. 5K EOY

[Anonymous No.14043937]

>>14035407
>exchanges
wow I just turn it into BTC and cash out on any BTC ATM
that was hard

[Anonymous No.14043954]

>>14036004
>it's not from the brand I like so I don't want it
imagine not being an objectivity and pragmatic person
you're a fucking retarded rapebaby

[Anonymous No.14044395]

>>14040149
Paul Le Roux is satoshi

[Anonymous No.14044704]

>>14041168
Even if it is shitty crypto is still worth the risk. There are no other launchpads for me to escape the wagecuck life.