/XMR/ Monero General

[Anonymous No.19729940]

Sup Monero senpai, feeling comfy?
This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project.
Moonboy posting is discouraged, however price speculation and TA is fine.

Links:
Overview: https://web.getmonero.org/get-started/what-is-monero/
Daily Transaction Totals: https://bitinfocharts.com/comparison/monero-transactions.html
Mining Introduction: https://web.getmonero.org/get-started/mining/
Merchants that accept Monero: https://web.getmonero.org/community/merchants/
Crypto ATMs: https://coinatmradar.com/bitcoin-atm-near-me/

Feeling so comfy you want to get involved? We have a telegram now to discuss outreach and ways to improve adoption! Simply ask for an invite and we will get back to you.

[Anonymous No.19729974]

Loki is a privacy network which allows users to transact and communicate privately over the internet, providing a suite of tools to help maintain the maximum amount of anonymity possible while browsing, transacting and communicating online.

Using the decentralised nature of blockchain technology, Loki creates new private and secure methods of interacting with the internet, as well as building privacy-centric applications, such as messaging services, forums, online marketplaces, and social media platforms.


Next time please add this to your pasta for the LOKI guys in here

[Anonymous No.19730015]

>>19729974
Make your own thread, faggot.

[Anonymous No.19730032]

What is a make it stack fit this :)

[Anonymous No.19730178]

Here is the current daily transactions. It appears that there is a notable pullback from where we were at last month. The current hypothesis is that the reopenings have led to lower darknet usage. Still, the growth over the past 9 months has been tremendous, and it will be a factor moving forward as the Dark Net continues moving towards Monero.
Another thing to consider is people may be holding to weather this correction that is most likely happening this week. Will be interesting to watch the markets. And it may be a good time to pick up some cheap XMR!
>>19730032
It's really hard to predict prices, but Monero is the privacy coin with the largest amount of usage and the best community. We will have control over the Dark Net within the next 18 Months. Our current BTC Ratio is 0.007, so we think that is extremely undervalued considering no other crypto has the fungible aspects that Monero has.

[Anonymous No.19730204]

>>19730178
forgot pic

[Anonymous No.19730272]

I just love Monero. There are so many wannabe Monero coins out there that have shills bombard these threads with brainlet catchphrases like
"I can't believe it's not Monero"

This is a 100% comfy hold

[Anonymous No.19730318]

>>19729974
I second this

[Anonymous No.19730540]

>>19729940
Comfy AF
Cant wait for the coming months

[Anonymous No.19730578]

>>19729940

Monero will need to fork Safex to stay relevant.

[Anonymous No.19730622]

>>19729940
Hello good sir
If all transactions are private on Monero, how do you know there is not currently an inflation bug or that funds are not otherwise funnelled from holes in the system?
This seems like the ultimate fud and there's no answer to it

[Anonymous No.19730651]

>>19730540
Current block reward 1.6
May 2022 block reward 0.6

Sometime between now and then a massive supply/demand mismatch which nobody can see coming because of the opaque ledger
It will be a harder moon than any of the btc havening moons

Heres a hint for anyone standing on the sidelines: if you really want an easy trade just fomo xmr when the first rapid upward spike hits. In contrast with every other pnd in crypto that will be a true supply/demand discovery signal and will only get more lopsided from there

[Anonymous No.19730677]

>>19730622
1. You can audit the code yourself and see if such vulnerabilities exist
2. You can look at price action as a proxy- if someone had such an exploit they would know the long term value of the chain is lost and so would sell as fast as possible

[Anonymous No.19730720]

>>19730677
>1. You can audit the code yourself and see if such vulnerabilities exist
Usually exploits aren't found preemptively in the code
>2. You can look at price action as a proxy- if someone had such an exploit they would know the long term value of the chain is lost and so would sell as fast as possible
Not necessarily. They could funnel slowly to take money from new buyers, keeping it going as long as possible. And Monero's price action has been shitty, so it could be the case

[Anonymous No.19730755]

>>19730622
There are two ways that math secures Monero.
1. Key images -- these are one time cryptographic proofs that prove that XMR was sent to whatever public address.
2. Pedersen Commitments - These are related to Ring CT, which obfuscates the transaction amounts. A random number is added to the inputs and outputs, thereby shielding them. This number will always equal eachother, meaning inputs will always equal outputs.

When you run a node, your computer will then go through every transaction and essentially run the cryptographic math ensuring that each transaction is legitimate. Because the Math is legitimate, it will confirm each transaction.

> how do you know there is not currently an inflation bug or that funds are not otherwise funnelled from holes in the system?
We don't. But this is not as big of a problem as you would think. Bitcoin has had 3 or 4 bugs that could have crippled their network, but the patched them and/or forked and moved on. Ethereum had the DAO hack and it forked and solved the situation. If, for whatever reason, a hack were to happen, then the community would be able to figure out a solution and adapt. Fwiw, Monero hard forks one a year, so community consensus is actually relatively realistic compared to Bitcoin.

[Anonymous No.19730778]

>>19730720
Exploits are explicitly contained within the code
Your argument is "is this thing that i have no evidence for present"

I just told you how to evaluate your statement

Your second point is retard tier lack of thought- a slow drip approach is idiocy because if you can find the exploit then others can, especially when you could pull hundreds of millions out of the asset in a period if days given price and volume

If youre going to try and fud at least come up with something with some logical consistency

[Anonymous No.19730794]

>>19730755
Look at how little XMR has recovered since the bottom. This could indicate an exploit that a malicious actor is taking advantage of slowly, and that the community won't find out about. So the assumption that we'd know when there is a bug is not strong

[Anonymous No.19730820]

>>19730794
How many rupees are they paying you to keep typing this sujit?

[Anonymous No.19730842]

>>19730820
Nice counter argument. I like XMR for payments but I'm hesitant to buy it as an investment / store of value because the price action is shitty and I can't confirm if it's because of a bug

[Anonymous No.19730930]

>>19730842
Your main concern is that the price of an investment isnt high when youre buying

Back to the shitting street

[Anonymous No.19730942]

>>19729940
the patriician choice.

[Anonymous No.19731014]

>>19730794
>Look at how little XMR has recovered since the bottom.
What do you mean? Monero has done fine since the bottom. It's BTC ratio has suffered but I don't think it has done horrible or anything.
>This could indicate an exploit that a malicious actor is taking advantage of slowly, and that the community won't find out about.
That's a leap. I think it's a lot more likely there is price suppression happening on the exchanges. As it is, the lack of fiat on ramps for Monero is something to point out. I explained to you the cryptographic math in basic detail, so I encourage you to look up the actual formulas and audited papers. Otherwise you will just be saying "yeah, but there could be a hack" to everything I say.
I agree, there could be one, but as I said before we have strong cryptographic proofs helping our side and a community that routinely hard forks.
>>19730842
Then don't invest. We don't really care and your concern, though I disagree with it, is valid.

[Anonymous No.19731132]

>>19730794
look at how little xmr dropped relative to most other coins though.

[Anonymous No.19731515]

[Anonymous No.19731542]

Yes all into together bro’s
Muh hodl
Muh scam coiin muh utility
Eoy llambos

Stop fussing your talking to millionaires

[Anonymous No.19731617]

>>19731542
It’s a wonder why you post this in monero threads and not any of the literal dozens of actual scam coins on the board that only involve discussion about the price.
Gee I wonder why.

[Anonymous No.19731943]

Why is the logo different for XMR on coinmarketcap? I'm seeing pic related and I hate it, don't tell me we officially changed?

[Anonymous No.19732021]

>>19731943
It's not. Ever since Binance took over CMC they started changing logos

[Anonymous No.19732081]

>>19732021
What do they gain from doing this?

[Anonymous No.19732192]

Hey, noob here

What are your thoughts on the ASIC resistance debacle? If someone builds an asic for randomX, do you see monero change mining algorithm again, or do you see asics becoming accepted? Do you see a chainsplit coming in that scenario?

[Anonymous No.19732281]

>>19732192
The dev community wants to do everything possible to undermine ASIC dominance, so if somebody figures out a way to use GPU with the current mining algorithm I would expect that they'd change it again. A split is possible but I don't think particularly likely.

[Anonymous No.19732286]

The only coins I hold are Monero and BSV, everything else is bullshit.

[Anonymous No.19732504]

>>19732192
Great question.
One of the big deals with Monero is having a decentralized mining network with hardware that is available to the general public. POW is a tried and true method that comes down to basic capitalism. You want to mine monero? Well you or your neighbor can go online and buy some products and contribute to the system. Or you can use an old cpu and mine right now. Of course, it doesn't prevent mining farms, but it is a check against this type of situation that has emerged for other coins. And what's also great is this low barrier to entry helps the coin circulate and be claimed amongst a grassroots community that supports it.
At this point in time, over 95% of Monero's initial supply is mined, and much of that has been ASIC resistant.
The problem then arises is with how long we can keep this resistance up. And this, I believe, will be something that will evolve with the community. If Random X is eventually taken over by ASICs, there will be a debate in the community and there will be either a new algo produced or we will just go to ASICs. I think the former is more likely based on the history of this coin.

[Anonymous No.19733094]

[Anonymous No.19733505]

>>19731542
This post is glowing

[Anonymous No.19733861]

>>19729940
XMR is literally financial freedom from political fad and inflation, both of which are a threat to literally every investor

If you don't have 100xmr by now you're doing it wrong

[Anonymous No.19733866]

https://asia.nikkei.com/Spotlight/Comment/China-takes-battle-for-cryptocurrency-hegemony-to-new-stage
>At a meeting of the Chinese People's Political Consultative Conference, a political advisory body, at the Great Hall of the People in Beijing from May 21, 10 members proposed a plan to create a digital currency consisting of the Chinese yuan, Japanese yen, South Korean won and Hong Kong dollar.
https://finance.yahoo.com/news/digital-dollar-real-financial-inclusion-192508257.html
>On Thursday the House Financial Services Committee (FSC) Task Force on Financial Technology convened on Capitol Hill to discuss the possible role of a digital dollar in distributing COVID-19 relief payments. The watchdogs discussed FedAccounts, or cryptographic wallets held by the Federal Reserve, for commercial banking services. The National Science Foundation, an independent branch of the federal government, has given blockchain startup KRNC $225,000 to design cryptocurrency features for the U.S. dollar.

It's inevitable that goverments will want to transition to total financial surveillance. Monero offers a solution to this very real problem.

[Anonymous No.19734007]

>>19733866
They’ll win over normies with a digital dollar by tying it into UBI. It makes too much sense.

[Anonymous No.19734088]

>>19734007
i consider that extremely bullish for XMR. Too many career criminals will not stop criming but won't accept digital dollars. We'll win from the fringes in.

[Anonymous No.19734311]

>>19734007
This is what turns digital USD into the new method of taxation
Purchasing power drops every year but nummer never goes anything but up

The only people smart enough to understand this will be the new ruling elite
Prepare for a return to feudal social architecture

[Anonymous No.19734698]

>>19734311
I'm preparing, Anon.
XMR is one of many strategies to escape the game they want us all to play.

[Anonymous No.19734853]

>>19729940
Can i buy monero anonymously? LIke no bullshit kyc to some chink site.
Can you help me out xmr bros?

[Anonymous No.19734897]

>>19734853
Local monero

[Anonymous No.19735379]

>>19734698
Ironically xmr will provide a dynamic check on all global currencies

Govt does not discriminate/no surveillance state/low to zero govt currency inflation=little xmr usage

Govt does one of the above=xmr usage increases until they stop

[Anonymous No.19735530]

>>19734897
Yeah, Ive checked that site, seems like they all want bank wires, which seems even more sketchy then a exchange.

[Anonymous No.19735667]

>>19735530
Cash by mail is the standard now
Any of the high rep vendors are safe to work with

Jsyk people routinely do 5 fig transactions on there via cash by mail. Tape a benjamin to every page of a magazine and send a few in a priority mail box...

[Anonymous No.19735992]

>>19735667
How does cash by mail work, I saw something about recording while you hand it to the postoffice worker, how the hell would you pull that off 'yep not shipping anything suspicious, here is this package and i need to record it'

[Anonymous No.19736053]

>>19735992
For amounts below 1000 just ship it, the vendor is so strongly incentivized to make you happy to keep their rep that really nothing is needed.

Remember they're making a huge comission from these sales and can freely re-up from kraken/binance with nearly zero slippage

For really big stuff the seller will video record the package being opened in case of a dispute. Put unique marks on whatever packaging you pack with and video yourself packing the package and weighing it at home. Ask that the post office record the weight (which they will) and note that in the notes to the seller.

There is no foolproof way to get XMR without kyc but be aware that the vendors on localmonero are dealing with larger amounts and if you're just one of the plebs buying 500 or 1000 you're pretty safe

[Anonymous No.19736115]

Any news about Monero integration with MINDS ?

MINDS remains as the absolute hidden GEM, and we have very strong reasons to believe its price will parabolical explode this week, here's some reasons:

- MINDS is a Social Network on Ethereum, it combines the best features of Youtube, Twitter and Facebook in one decentralised platform. Vitalik has address the need for something like this, and he has already mentioned directly to MINDS: https://decrypt.co/30290/vitalik-buterin-trump-twitter-clash-need-alternative

- MINDS has been on the news lately, and with the new instance of their platform coming soon and the freenzy for this kinds of projects, price will explode: https://decrypt.co/30386/ethereum-based-social-network-minds-now-has-2-5-million-users

- MINDS CEO Bill Ottman will be feature in Bloomberg later this week, and here's proof, his profile was just added to Bloomberg database in advance (https://www.bloomberg.com/profile/person/20833854)) to the feature "The Future of Social Network is Decentralised, meet the players"

- MINDS CEO Bill Ottoman was a guest on Joe Rogan podcast: https://www.youtube.com/watch?v=mJowz_-pj4U [Embed] [Embed] [Embed] [Open] [Embed] It's now confirmed that Ottman will be again on Joe Rogan THIS MONTH.

There are very few tokens available most of them on Uniswap, with a circulating supply of 1.5M (total supply 8M), MINDS has a marketcap of $350k !! So, are you going to watch this story developing on the sidelines, or are you going BIG ??

Be quick, there's many eyes on the target:
https://v1.uniswap.exchange/swap/0xb26631c6dda06ad89b93c71400d25692de89c068

[Anonymous No.19736239]

>>19736053
Yeah im just small time. I guess my question is, ok say I ship 200 or whatever, whats stopping the guy from saying 'i never got that'?
You say reputation but whats stopping a legit scammer from NOT sending money but claiming they do?

[Anonymous No.19736272]

>>19736239
The fact that the vendor does hundreds of transactions and you show tracking that the item with correct weight arrived
If anything they're the one at risk because the total value of your small buy is less than the commission they earn on their higher volume clients

[Anonymous No.19736322]

>>19736239
Also only ramp up after youve established a relationship
Because what theyre doing is legal and theres a lot of competition they really go the extra mile eg text or signal based communication whenever you want etc

[Anonymous No.19736432]

>>19736272
>>19736322
one more question, I see a lot of ads need a reputation, but how do I get a rep if im just starting?

[Anonymous No.19736446]

>>19729940

Getting really tired of this shitcoin.
It doesnt move any direction and produces no interest like all crypto doesnt.
It doesnt produce anything besides of Child Porn distributors adapting to Monero
Am about to sell all cryptos and buy value stonks

[Anonymous No.19736585]

>>19736432
If you're a buyer you don't need rep, that's basically for sellers only
They all auto accept your initial offer to buy, just make an account
>>19736446
Look at the emission curve above
The moment you sell we're off to the moon

[Anonymous No.19736714]

>>19736585

Im Literally holding XMR since 450 Days and it only went down, cost averaging got me a pretty good price desu.
Yeah seems like inflation will go near to 0. Could be a price pusher but i dont know.

[Anonymous No.19737072]

>>19736446
We are in a bear market. Monero isn’t a pajeet scam. It will rise during the next bull run because there will be a furthering need for financial privacy.
>>19736115
Stop shilling your uniswap scams Raj

[Anonymous No.19737368]

>>19730942
These /threads are the closest to an OFG (Old Fag General)
>>19736446
Sadly this is one of the more 'complicated' cryptos. Just storing takes some effort in comparison to others.
Sadly, I don't think we'll have propper price action on this as it lacks derivatives. Derivatives are great as they let the market makers (& you) hedge.
It still is & probably always will be what people think bitcoin is.

[Anonymous No.19737399]

>>19736446

98% of my money is in gold, only 2% is in crypto. But I'm holding my crypto for the next 5 years. What happens to the price in the mean-while means nothing to me. XMR will either go 100x or it will go to 0. You don't buy crypto as a sure way of making money from the present financial environment, you buy it as a very speculative asset which you believe in for the long term. Otherwise you should buy gold, not stocks.

[Anonymous No.19737442]

>>19737399
>Otherwise you should buy gold royalty stocks.
Fixed it for you

[Anonymous No.19737453]

>>19737442

By "gold" I mean everything related to precious metals.

[Anonymous No.19737519]

[Anonymous No.19737625]

>>19737453
I rarely see anyone shilling gold royalty companies, just wanted to point it out. I can't buy any of the miners as its a fuckin minefield. But I'd say the best would be to go from Gold, to Gold miners to gold royalty companies for max profit.

Got any recommendations on miners ect?
I just own a basket of the top 3 gold royalty companies.
Another interesting commodity is Uranium, i've heard its due anther cycle & it a slow cycle i.e could be a good store of value with all the shit going on.

[Anonymous No.19737627]

>>19737368
Lmfao old fag general. I think I’ll add that in the next generals title.
The price action is frustrating and could be because of many factors. Having more on ramps and further adoption is something that realistically will be taking place over the next two years and will help put pressure on the price. Also the lowering inflation is of course a big deal.

[Anonymous No.19737717]

>>19737625

Matthew Crowder of Trader University, who prefers Bitcoin to gold, made a video about gold royalty companies recently. You might like some of his recommendations.

https://www.youtube.com/watch?v=313gvI1e9Lw

I also remember that Kevin O'Leary prefers them to the mining companies.

My money is in junior silver miners. I'm looking for the most extreme leverage I can get in a PM bull market. First Majestic, Silvercrest, Fortuna, Hochschild, etc. I do own Ely Gold Royalties, but that has already gone up 1000%.

[Anonymous No.19737735]

>>19737399
>non productive asset
>every bank under the sun holds shitloads of it
>no actual use other than store of value

gold is shit

[Anonymous No.19737814]

>>19737717
Thanks!
Best of luck predicting the future anon

[Anonymous No.19737845]

>>19737735

>no actual use other than store of value

Contradiction in terms.

[Anonymous No.19738480]

Whatever happened to Masari

[Anonymous No.19739174]

>>19736446
Bullish bro
Future currency
We’re hackers bro mission impsoble
Have to hide muh assists $450 dollars worth of shit Coin

Muh early
Fomooooo
Glowies get out
Fudders are jus big bag holders bro
Fomoooo

[Anonymous No.19739189]

Warning this is a scam!

Warning this is a scam!

Warning this is a scam!

Warning this is a scam!

Warning this is a scam!

[Anonymous No.19739305]

>>19739174
>>19739189
Hello Faggot! We've missed you so!

[Anonymous No.19739445]

Monero bag holders

Muh coin better than grugs

[Anonymous No.19739474]

>>19739305
Lol this fag doesn’t fud any of the blatant uniswap scams. Instead he goes to the one crypto with growing adoption on the dark net and calls it a scam.
If it’s a scam glowie, why is the fastest growing dark net marketplace of 2020 exclusively using Monero right now? Go on faggot, lets hear your response.

[Anonymous No.19739490]

>>19739445
>>19739474
Meant to tag the glowie in this post. I want him to answer my question.

[Anonymous No.19739565]

>>19733094
kek

[Anonymous No.19740535]

https://ccs.getmonero.org/proposals/sarang-2020-q3.html

Funding proposal for Dr. Sarang Noether.
This guy is one of the brightest minds in crypto, and his research has been tremendous for Monero.

[Anonymous No.19740886]

>>19740535
Love how they align incentives for stuff like this
He's worth every penny

[Anonymous No.19740957]

>>19739474
Muh darknet adoption
Damn glowies
Millionaires bros
Underworld big dog millionaires
Muh incentives
Durrrrrrrr
Get out fudder your a big bag holder

[Anonymous No.19741084]

>>19740957
shoo shoo glownigger

[Anonymous No.19741399]

>>19740957
you know, as gay as you are, I still like you more than 0xmonero faggot. Unless you're the same guy, in which case you're gayer than AIDS.

[Anonymous No.19741575]

>>19740957
>he doesn’t have an answer
Lol

[Anonymous No.19741733]

I decided to go 50% XMR and 40% mining stocks with 10% of cash/bonds
Let's hope everything turns all right, see you in a year monerobros

[Anonymous No.19741774]

>>19741733
Sounds pretty solid, but I'd throw a little bit into physical gold, silver, lead, and food- because you never know, Anon.

[Anonymous No.19741855]

He doesn’t answer cuz muh coin
Muh comfy muh hodl
We’re 180 iq guys next millionaire
Muh privacy muh criminals will invest
Early bro’s

These glowies don’t know what they’re missing were fomooo

[Anonymous No.19741980]

>>19741855
Boring. You don’t even want to debate because you are a scared pussy. Answer my question because all the anons see you are spamming and not actually debating like a real one. Fag.

[Anonymous No.19742063]

Bro your big pooossyyy

Don’t want to debate cuz you muh coin has utility muh coin has demand

Get out my post poosssy

I’ll beat you up in real life

Pooissy

Muh coin muh hodl

Muh mcafee

[Anonymous No.19742086]

>>19741855
Note the tactics of the fudder, new anons. He brings nothing valuable to the table, and does not provide cogent arguments.

He believes that he is making other people angry, or making other people laugh. He does neither. His shallow strawmanning is not criticism nor is it comedy.

He is truly a friendless faggot.

[Anonymous No.19742093]

>>19742063
Still not responding to my question because he can’t answer it. And spamming low tier memes. Is anyone even surprised?

[Anonymous No.19742179]

Dum anon doesn’t even answer or have. A good counter argument about muh coin

Fomooooo
Early brooooosss hodl

Get out glowie we’re rich in future

Triggered

[Anonymous No.19742225]

>>19742179
Cope.

[Anonymous No.19742244]

We know what’s gonna happen crab time then trash time.

I believe your in the denial phase next comes grief

[Anonymous No.19742296]

>>19742244
We'll see, Anon! It's entirely possible that the market could drop. Regardless, XMR will continue to be the standard for DNM transactions and real world use cases for anyone seeking financial privacy. That's why we believe in it- what it costs per coin is less important than what it does and can do.

[Anonymous No.19742388]

>>19742244
Who cares? stupid attention seeker. Die in a fire.

[Anonymous No.19743044]

>>19742296
Ah yes. The standard! It makes the glowies seethe! The can’t respond to why moneros value should be on the rise because it is being adopted more!

[Anonymous No.19743509]

How long until this is $500

[Anonymous No.19743693]

>>19743509
No one knows! Personally I'm willing to bet it's some time between soon and eventually.

[Anonymous No.19743767]

Not selling until this is $5,000 each

[Anonymous No.19743791]

does xmr have the capability to surpass bitcoin or is it too technically complex

[Anonymous No.19743912]

>>19730272
Waiting for ZEC to pump for the haling then selling all that crap for XMR.

[Anonymous No.19743922]

Why buy XMR when Ghost has superior tech?

[Anonymous No.19743946]

>>19743791
There have been some great strides made in terms of ease of use, especially with mobile wallets like monerujo and cake wallet.

The team has stated that they prioritize privacy and security over adoption and accessibility, so I think that monero will always lag a bit behind other projects in that department. However, when you consider what this coin has to offer I think that the pros of total privacy outweigh the cons of set up difficulty.

[Anonymous No.19744553]

11.6K Transactions Today.

You guys know how every time there's a school shooting guns get a bunch of bad press, and politicians rattle their sabers about passing legislation to ban gun sales? What happens to the gun shops? How about the price of guns?

Guess what happens the first time we see an article in the mainstream about the scary new crypto that's taking the Darknet by storm, or being used to launder Cartel money? How about the first time there's a bill in the House to make Monero illegal?

[Anonymous No.19745025]

mfw when I'm spreading the word about XMR

[Anonymous No.19745880]

>>19729940
https://youtu.be/errI-bKEKEQ
Milton Friedman predicts the rise of XMR