[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 27 KB, 630x630, monero.jpg [View same] [iqdb] [saucenao] [google]
17284516 No.17284516 [Reply] [Original]

>> No.17284563

>>17284516
quick rundown?

>> No.17284584

press C to cheer for monero

>> No.17284648

>>17284516
>t. IRS

>> No.17284674
File: 223 KB, 1600x1200, 1581040927100.jpg [View same] [iqdb] [saucenao] [google]
17284674

B for Banned from legal use

wanna buy some monero sirs?

>> No.17285005

Oh look, it's another glow thread.

MONERO IS KING

>> No.17285634

>>17284516
This glow posts are getting desperate.

>> No.17286216

>>17284516
>>17284674
So you want to ban free speech?

>> No.17286521
File: 189 KB, 852x1024, JewJennings.jpg [View same] [iqdb] [saucenao] [google]
17286521

>>17284516
Who is behind this post ?
Sorry Jew we do not want to buy this shit coin and spend it on your illegal site. Go back to shilling trannies on Porn Hub then gas yourself

>> No.17286546
File: 96 KB, 768x1024, JewThug.jpg [View same] [iqdb] [saucenao] [google]
17286546

>>17285634
Its like the Jews figured out a way to shill their illegal deep web activities to the goyim now with out risk of getting caught.

>> No.17286699
File: 153 KB, 1065x954, tax_upontax.jpg [View same] [iqdb] [saucenao] [google]
17286699

Surveillance coins: Helping thieves steal money from you under the guise of "taxes"

>> No.17286874 [DELETED] 

>>17286546
>>17286521
Ok, jew.

>> No.17286907

>>17284516
Name one pedophile that has used monero... go on i mwaiting....

>> No.17286928

>>17286521
>>17286546
Jews prefer zcash as far as know.

>> No.17287323

>>17284563
>has an actual use case
>is currently being successfully used for that use case by criminals
>already has pro-anon trading infrastructure in place, namely localmonero and bisq
>is doing a much better job at actually being private than the only real competitor, ZCash
>good enough at being private that if you mention it glowies will come out of the woodwork to shit on ring sigs without actually providing any substantial evidence

Supply (mining):
Mar-2019: 3 XMR

Jan-2020: 2 XMR

May-2021: 1 XMR

May-2022: 0.6 XMR (tail emission start)

Demand:

DNMs increasing
Offshoring increasing
Bellweather divorce case coming
Hey anon, what happens when supply goes down a lot and demand skyrockets?

smoothly drops the block reward and has a tail emission to forever incentivize miners
this effectively results in steady supply at some point in the future as new xmr inflow = lost/missent xmr outflows
because the curve is smooth without "halvenings" the tipping points for where supply effectively dries up will be market determined and i would argue much more violent as people don't have good analytics on which to predict due to the opaque chain.

>> No.17287367

>>17284516
>it works
>anyone with a nice gpu can mine it
>the transaction fees are extremely low

Oh no... a bad person somewhere might do a bad thing...

>> No.17287386

>>17287323
>lost/missent xmr outflows
does the protocol actually track this, otherwise where does the 0.6 figure come from

>> No.17287425

>>17284516
swiss cheese security alphabet agency scam
DERO is patrician choice for secure decentralization done right

>> No.17287431
File: 818 KB, 1416x672, 1581585714684.png [View same] [iqdb] [saucenao] [google]
17287431

>>17287323

>> No.17287581

if there is a coin which is so good with its features it markets that pedofiles can use it and not get caught it just means its actually that good as marketed.

your point?

>> No.17287597

>>17284516
If my choice is between paying taxes or letting pedos jerk off, im choosing the latter.

>> No.17287680 [DELETED] 

>>17287581
Cars and are used by pedophiles, lets ban cars and roads.

>> No.17287695

>>17287581
Cars and roads are used by pedophiles, lets ban cars and roads.

>> No.17287697

Why pedos exist?

>> No.17287756

evidence of a crime is not a crime

>> No.17287780

>>17287697
probably a combination of genetics and the cycle of hatred

>> No.17287815

>>17284674

This is a massive buy signal though?

>> No.17287860

>>17287367
gpus are worthless for xmr mining now; anyone with a desktop cpu with 2+gb free ram can get decent mining rewards

>> No.17287882

>>17287386
>does the protocol actually track this
No, of course not. The protocol is designed to track nothing. There's really no way of knowing how many forgotten private keys there are out there for any coin though, that's just a human element. The 0.6 block reward, I believe, is a result of targeting 1% inflation after 21 million XMR are mined. That inflation rate permanently decreases as the supply increases infinitely slowly over time of course.

This means that Monero is inflationary, but the rate of inflation as a reflection of the total supply is constantly decreasing. (1% as of May 2022 and then constantly decreasing as the years go on.) In other words, linear inflation.

>> No.17287919
File: 278 KB, 930x534, xmr.png [View same] [iqdb] [saucenao] [google]
17287919

>>17284674
If you look at where BTC is actually being used as currency, it's almost entirely to illegally avoid taxation or being forced to use shitty fiat.
Whether that's buying gold online from JM/SD bullion, or doing online consulting work in the hyperinflated LatAm economies, it's the same thing.
You say 'banned from legal use' like it's a bad thing. It's not, it's the absolute best thing for a coin, because it means the government has openly admitted that the existence of XMR is a threat to their ability to force everyone to keep their money in a constantly depreciating fiat asset.
Pic related.

>> No.17287929

>>17287860

Randomx is great. Running spare cycles on a 1950x and dual xeon. 1xmr / 2 months(lately).

>> No.17287943

>>17284516
Also,
>this post literally brought to you by Zooko

>> No.17287949

>>17286216
Yes
>>17286907
Do I have proof? No. But it’s moreover the fact that Monero as a system could easily facilitate such interactions under the guise of anonymity, not very cash money, modern society does not need this
>>17287323
DNMs are not positive for your market buddy
>>17287367
Yes this is literally why Bitcoin was invented. It forces everyone to publicly show what their doing but maintain privacy. But if you do a bad think then you can be prosecuted accordingly. Sorry drug addicts/sex traffickers/money launderers

>> No.17287975

>>17287949
>if you do a bad think you can be prosecuted accordingly
based accidentally honest poster

>> No.17287976

>>17287949
>the current state of glowies

fuck this is the comfiest hold

>> No.17287981

>>17287919
You can't logically argue with these IDs. They're paid opposition.
>>17287949
>It forces everyone to publicly show what their doing but maintain privacy
How can you even write this out without realizing how much of a contradiction this is?

>> No.17288054

Can't wait for governments to make dark net markets illegal, that way people will finally stop buying cryptos.

>> No.17288141

>>17287981
We’re talking about key distinctions between privacy and anonymity here. You can maintain privacy on Bitcoin currently if you just use a new public key with every transaction.

Anonymity on the other hand can allow anyone to hide in the shadows and act in darkness. The goal is that if everyone can maintain their privacy but is forced to publicly project that information.

I know we all want to hide from the glowies and alphabet boys, but that’s only because they can act behind the scenes currently. If everyone forced to perform on stage, I believe it’s a better take than what we currently live under.


You can still do your shady shit with privacy under Bitcoin, unless your a kingpin or something the feds don’t really care for you, you’re a speck

>> No.17288210

>>17287695
they breath air and eat food. ban that shit too

>> No.17288244

>>17288141
You sell a good to an individual for x amount of bitcoin.
you go to cash out x and suddenly your funds are frozen, because apparently x was spent on illegal goods.
Because bitcoin isn't fungible, you get screwed.

The fact that you don't understand this means you are a retard.

>> No.17288259

Reminder it’s perfectly legal to watch a 12 year old get murdered but not get his dick sucked.

>> No.17288262

>>17288141
>You can maintain privacy on Bitcoin currently if you just use a new public key with every transaction.
This is easily broken by chain analysis. What is this, 2012?
>>17288141
>The goal is that if everyone can maintain their privacy but is forced to publicly project that information.
These are contradictory statements. Broadcasting your transactions on a public blockchain for the entire world to see, FOREVER, is antithetical to that very transaction ever being anonymous. Bitcoin and Monero are completely different projects and are quite obviously not interchangeable. Monero allows you to optionally make a transaction public by sharing a public viewkey, a much better option than the other way around.

>> No.17288393

>>17288244
>>doing something illegal, over a value of $10,000
>putting that money into a bank
Congrats retard what did you expect? Learn how to play the fucking game
>>17288262
>antithetical to that very transaction ever being anonymous
Thank god I never said anything regarding being anonymous on Bitcoin. I said privacy, again two very different things.

Get use to having to comply with the government, you don’t win in a war against them

>> No.17288442

>>17288393
You have no idea how bad things can get.
You do not understand how the worse the situation gets with fiat currency, the more becomes illegal.
When fiat implodes into a hyperinflationary spiral, governments respond by making it illegal to use alternative currency.
So your options are to hold your fiat, which by end of day tomorrow won't buy you what you need to live, or to enter the black market.
This is not a hypothetical, it's a reality for many people, and has been through history.
Your posts aren't making a point, they're showcasing naivete.

>> No.17288474

>>17288393
desperate glownigger

>> No.17288484

>>17288442
You’re operating on the basis that I support fiat which is incorrect. When you create a system that works within law, and is honest, you don’t have an issue with the governments, you comply with them. I am in full understanding of the fiat-related issues in underdeveloped/3rd world nations and the impact of it for the citizens don’t get me wrong. But trying to circumvent the government entirely isn’t a good start to fixing the problem

>> No.17288502

>>17284516

I don’t get what this monero fud is about? Are you guys just trying to buy in low or what? You do understand that this is literally the only coin besides bitcoin with an actual use case right?

>> No.17288508

>>17288393
so instead of responding to my question to make up something else. yeah. good job nigger.

>> No.17288562

>>17288484
If your system works within law, it won't fix the problem.
If governments don't have a problem with your system, it means that your system is by default not providing an alternative to hyperinflationary fiat.
Because if it did, they would have a problem with it. Pure and simple. That's why hyperinflationary regimes make any attempts to use alternatives illegal through currency controls.
By default the only systems that can actually provide people freedom and the ability to not have their lives ruined by inflation, are illegal systems.

>> No.17288785
File: 50 KB, 719x1025, 5FED4254-4DF7-452B-85F0-D0D4B7E57DDB.jpg [View same] [iqdb] [saucenao] [google]
17288785

>>17288508
I am sorry that you fail to understand fungibility.
>>17288562
This is a very schizo-take. I can respect that, but it’s far from reality.

>> No.17288797

>>17286928
they do. cuz its fake

>> No.17288804

>>17288785
>this is a very schizo-take
Not an argument.
I'm going to assume that means you don't have one.
I accept your apology, and it's big of you to admit you are wrong.

>> No.17288811

>>17287323A
I believe the only real fud concerns scalability and competition.
On scalability, my understanding is that monero is much better than bitcoin, but certainly not prepared to replace Visa, let alone become the international reserve currency, which I believe one cryptocurrency must someday do.As far as I know, there are no existing layer-two projects on monero. This problem isn't necessarily insurmountable, but it is concerning that no active development is ongoing to address it.
On competition, it seems plausible to me that most users will accept "good-enough" privacy or fungibility if perfect privacy comes at the expense of speed, cost and the ability to use smart contracts. If Ethereum 2.0 can implement private sidechains, it may be "good enough" for everyone who isn't actively hiding from the law, marginalizing monero's use for day to day activities.
A third objection that admittedly applies to most of this space is that with the rise of decentralized stablecoins such as DAI, it may be possible to make a private stablecoin, which would presumably be much more reliable as a day-to-day currency.
Monero is miles above most shitcoins, but it still has some significant problems.

>> No.17288834

>>17288804
>>if the government isn’t out to get you then that means your doing it wrong ):<
>the government will come for you if you ever step within their competitive door
Yes I am in the wrong here I am very sorry for wasting your time

>> No.17288846

>>17288834
So still no arguments?
Before you were admitting you were wrong through making non-arguments. Now you're making non-arguments and literally admitting your wrong.
I'll ask one more time, for the last time, do you have any argument to support your point or just ad-hominems and sarcasm?

>> No.17288943

>>17288846
Yes I’m going to continue to make non arguments to your outlandish claims. You claim that “hyperinflationary regimes” are out to ban anything that opposes their system, without providing any evidence on a large scale that this happens. Countries don’t ban monero because it protects the user from escaping their fiat system, it’s because it can be used by criminals to circumvent the law.

Bitcoin can provide you protection from inflation without inherently being illegal because it is private, not anonymous

>> No.17288954

zcash is king and will replace btc

buy today

>> No.17288966
File: 534 KB, 800x800, crypto-1oz-monero-obv.png [View same] [iqdb] [saucenao] [google]
17288966

>>17285005
This

>> No.17288976
File: 123 KB, 511x671, fjannie.png [View same] [iqdb] [saucenao] [google]
17288976

>>17288943
Anons of biz, please bear witness that Hy320wek, on February 16th of 2020, had nothing better than 'the burden of proof is on you, you have to prove a negative' after being prompted three times for a single piece of evidence to support his point.
And with that, I'm out.

>> No.17289011
File: 418 KB, 220x165, hes_already_dead.gif [View same] [iqdb] [saucenao] [google]
17289011

>>17288976

>> No.17289035

>>17284516
I hate to say this, but I have to agree with OP. Monero will never be fully legal nor it's not the kind of money we as a law abiding society want to have.

>> No.17289044

>>17288954

LOL. Kys

>> No.17289053

>>17289011

Bahahhahahaahahahahha

>> No.17289113

Which CPU is better to mine Monero on the Ryzen 9 3900x or 3950x?

>> No.17289123

>>17289035

How did gold function as money for so long?

>> No.17289125

>>17289044
enjoy ur pedo coin faggot

>> No.17289164
File: 213 KB, 1500x1500, privacy_human.jpg [View same] [iqdb] [saucenao] [google]
17289164

>>17289035
>>17289123

Or even just physical coins.

Privacy doesn't automatically mean you're a criminal ...

fuck off with this generalized bullshit

>> No.17289543

>>17288393
>I said privacy, again two very different things.
Privacy without anonymity means you need to trust the system. The beauty of Monero is that you don't need to trust anyone to protect your privacy. I don't see how there can be total privacy in a system that requires you to trust a third party with your information.

>> No.17290174

>>17288804
>schizo is not an argument
>hallucinations of apology
based schizo