/XMR/ Monero General

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/XMR/ Monero General Anonymous Sat, Oct 10, 2020 11:15:33 No.23172887 [Reply] [Original]

It's Saturday morning, and it's a great time to be a Monero holder. We have CLSAG coming in one week! This will decrease transaction size and increase verification speeds by ~20%. We also have had the most active transaction week in Monero's history, and our price continues to slowly and realistically climb.
We don't like pajeets/moonboys. But if you are looking for a cryptocurrency that has fundamental usecase, then look no further. Noobies feel free to ask dumb questions and we will help you out.

>>	Anonymous Sat, Oct 10, 2020 11:16:47 No.23172900 >>23172887 Here's a good intro video https://www.youtube.com/watch?v=005hHOZCb0A&ab_channel=DecentralizedThought

>>	Anonymous Sat, Oct 10, 2020 11:17:17 No.23172914 File: 220 KB, 1913x753, monerodailytransactions.png [View same] [iqdb] [saucenao] [google] updated transactions chart

>>	Anonymous Sat, Oct 10, 2020 11:17:29 No.23172917 >>23172887 Somebody market buy 10000 so we can hit $200 before my bday

Anonymous Sat, Oct 10, 2020 11:41:14 No.23173240
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>tfw became so disgusted by crypto sphere as a whole in 2018, sold everything and followed my heart and went all in on monero
haven't payed attention to anything other than /r/monero coming here to search 'xmr' in catalog and i couldn't be happier.
even if xmr stagnates getting as much money out of cash and out of american economic influence is a huge win in my opinion. the fungibility only adds to it

>>	Anonymous Sat, Oct 10, 2020 11:45:01 No.23173299 >>23172914 seems to be starting a parabolic trend.

Anonymous Sat, Oct 10, 2020 11:48:38 No.23173334

>>23172914
>>23173299
I just hope Monero doesn't fall into the same traps as BTC. Just let the fucker scale guys, for the love of god. I know blocks are adaptive, but stay on your fucking toes. They're going to try and stifle scale. Mark my fucking words.

>>	Anonymous Sat, Oct 10, 2020 11:53:58 No.23173417 >>23173334 does it really matter? by the time thhey try to subvert it its going to be worth like 10k usd / xmr and we'll all already have made it.

>>	Anonymous Sat, Oct 10, 2020 11:55:31 No.23173445 >>23173417 >does it really matter? Absolutely. If we don't let kikes subvert it then it'll be worth even more.

>>	Anonymous Sat, Oct 10, 2020 11:56:41 No.23173464 >>23172887 Short

>>	Anonymous Sat, Oct 10, 2020 12:03:41 No.23173577 Mining season is back anons. Now that we are heading towards winter it's time to turn my gaming pc into a mining space heater and earn some pocket change while I do it.

>>	Anonymous Sat, Oct 10, 2020 12:07:34 No.23173629 https://twitter.com/OxoUtx/status/1314282669153415169?s=09

>>	Anonymous Sat, Oct 10, 2020 12:13:16 No.23173717 File: 98 KB, 769x1285, 1593990557774.jpg [View same] [iqdb] [saucenao] [google] My only issue with Monero is that it's harder for me to build a stack since I do spend it in real life.

>>	Anonymous Sat, Oct 10, 2020 12:16:26 No.23173769 >>23173717 Just replenish what you spend.

>>	Anonymous Sat, Oct 10, 2020 12:21:06 No.23173836 >>23173717 Peak bullish

>>	Anonymous Sat, Oct 10, 2020 12:26:22 No.23173929 >>23173717 actual use case

>>	Anonymous Sat, Oct 10, 2020 12:29:06 No.23173979 >>23173717 I'd put your suicide stack in a cold wallet and then buy and use the remaining amount

>>	Anonymous Sat, Oct 10, 2020 12:30:01 No.23173996 >>23173717 where can I spend it outside of the dn?

>>	Anonymous Sat, Oct 10, 2020 12:32:59 No.23174036 im starting to think Monero is the only real coin in crypto

>>	Anonymous Sat, Oct 10, 2020 12:36:06 No.23174101 Monero, eth, link and quant are all a person needs

>>	Anonymous Sat, Oct 10, 2020 12:39:24 No.23174155 >>23173996 I only use it there currently. But I'd say give it time. DN is a very solid fundation to build general adoption. Remember that even Bitcoin is not used that much yet... We'll still very early in the game, imo.

>>	Anonymous Sat, Oct 10, 2020 12:40:52 No.23174185 reminder that zcash is better

>>	Anonymous Sat, Oct 10, 2020 12:42:16 No.23174208 >>23174185 reminder that kikes get the gas

>>	Anonymous Sat, Oct 10, 2020 12:47:15 No.23174296 >>23173996 you can send Monero to any Bitcoin address with xmr.to >>23174185 >optional privacy that nobody uses >dev tax >centralized company >pump and dump scam kek

>>	Anonymous Sat, Oct 10, 2020 12:49:44 No.23174349 >>23173996 I bought my VPN with Monero.

>>	Anonymous Sat, Oct 10, 2020 12:50:45 No.23174361 >>23174101 Wrong. BSV and XMR are the patrician in the know portfolio.

>>	Anonymous Sat, Oct 10, 2020 13:01:17 No.23174541 >>23174185 reminder that only idiots think zcash is better.

Anonymous Sat, Oct 10, 2020 13:07:07 No.23174654

Monero is my most comfortable hold. A coin that's actually being used and is a privacy coin. It's quick. what more could one want? It's literally the perfect cryptocurrency.

Ethereum and other platform based systems are a different category. For payment, monero is the way to go.

>>	Anonymous Sat, Oct 10, 2020 13:08:49 No.23174690 >>23172887 where can you buy ? or better question where can you store it ? I don't think trezor or the other one have capabilities.

>>	Anonymous Sat, Oct 10, 2020 13:10:12 No.23174721 >>23174185 reminder that noone cares about this shitcoin not even the IRS

>>	Anonymous Sat, Oct 10, 2020 13:20:40 No.23174923 >>23174690 >where can you buy binance, kraken, local monero. you can swap using morph token. > or better question where can you store it Download the gui wallet or a light wallet and write down your seed and throw that in a safe.

>>	Anonymous Sat, Oct 10, 2020 13:28:43 No.23175089 >>23174923 thanks for that ... probably not gunna do it desu cuz it seems like a pain in the ass. I will probably kick myself in the ass when it sky rockets, but such is life...

>>	Anonymous Sat, Oct 10, 2020 13:33:34 No.23175183 >>23174690 both trezor and ledger are supported in the gui wallet. >>23175089 epitome of laziness

Anonymous Sat, Oct 10, 2020 13:38:56 No.23175270

>>23175183
well ya I mean jesus they dont make it easy. I gotta buy some from exchange, then I have to create wallet through gui, then print it out, and if I lose it, I'm sol. seems pretty sketchy if you ask me. and this is , after all, something does not even exist in the real world, its just fake money on the internet. (at the end of the day)

>>	Anonymous Sat, Oct 10, 2020 13:39:04 No.23175273 >>23172887 Thanks to you fags i invested heavily (for me) into monero a few months ago, it really paid off so far THANK YOU XMRBROS

>>	Anonymous Sat, Oct 10, 2020 13:47:37 No.23175415 File: 70 KB, 769x1285, monerowaifu7.jpg [View same] [iqdb] [saucenao] [google] >>23175273 based

>>	Anonymous Sat, Oct 10, 2020 13:55:46 No.23175575 >>23175270 Kek

>>	Anonymous Sat, Oct 10, 2020 13:56:57 No.23175602 >>23175270 kek stay poor pleb

>>	Anonymous Sat, Oct 10, 2020 13:59:11 No.23175646 >>23175602 I'm doing fine, can you say the same ? Do you think xmr will surpass btc ?

>>	Anonymous Sat, Oct 10, 2020 13:59:23 No.23175652 >>23174296 it's blocked for me in america. do i need to use a vpn?

>>	Anonymous Sat, Oct 10, 2020 14:00:29 No.23175677 >>23174349 which VPN anon? >>23174361 get the fuck out of my xmr thread raju

Anonymous Sat, Oct 10, 2020 14:01:00 No.23175694 [DELETED]

>>23174208
>reminder that kikes get the gas
and pedos get the monero, so what's your point?
>>23174296
>optional privacy that nobody uses
it's a choice just like how privacy is a choice, nobody's stopping you from doing so
>dev tax
it's not a charity, you can't go too far with hobbyists and indians
>centralized company
see above
>pump and dump scam
only miners and kids looking to get rich overnight care about the short term price action
>kek
cuck
>>23174721
reminder that you're a name calling faggot
>>23174541
reminder that who cares

>>	Anonymous Sat, Oct 10, 2020 14:01:51 No.23175716 >>23175270 freedom requires responsibility. stay normal normalfag.

>>	Anonymous Sat, Oct 10, 2020 14:04:32 No.23175775 >>23172887 How much is a suicide/make it stack?

>>	Anonymous Sat, Oct 10, 2020 14:07:11 No.23175828 >>23175775 suicide is 100. make it is 1000. assuming XMR hits 1000 this cycle.

Anonymous Sat, Oct 10, 2020 14:12:03 No.23175924

>>23174208
>reminder that kikes get the gas
and pedos get the monero, so what's your point?
>>23174296
>optional privacy that nobody uses
it's a choice just like how privacy is a choice, nobody's stopping you from doing so
>dev tax
it's not a charity, you can't go too far with hobbyists and indians
>centralized company
see above
>pump and dump scam
only miners and kids looking to get rich overnight care about the short term price action
>kek
cuck
>>23174541
reminder that you're a name calling faggot
>>23174721
reminder that who cares

>>	Anonymous Sat, Oct 10, 2020 14:33:24 No.23176309 >>23175677 Nord VPN.

>>	Anonymous Sat, Oct 10, 2020 14:35:04 No.23176347 >>23175924 You should make a zcash thread.

Anonymous Sat, Oct 10, 2020 14:48:04 No.23176582

>>23175924
>and pedos get the monero, so what's your point?
if zcash worked then pedos would use zcash you fucking retard.
>it's a choice just like how privacy is a choice, nobody's stopping you from doing so
By not having privacy implemented in the base layer, privacy will not be used. Tell me, what percentage of zcash transactions are shielded vs nonshielded?
>it's not a charity, you can't go too far with hobbyists and indians
And yet, Bitcoin is worth how much today? Or Monero is worth how much more than Zcash despite not having as many on ramps? You are being taxed on every single transaction to a company that isn't even doing privacy correctly (optional privacy, and trusted set ups)
>only miners and kids looking to get rich overnight care about the short term price action
Except Zcash is unironically an Asic pump and dump. NOBODY USES IT. We make it pretty clear in these Monero generals that moonboys deserve the rope. We are all about use case. Monero actually has adoption and Zcash doesn't, because the only reason people hold Zcash is to pump and dump. What is your transaction growth looking like?

>>	Anonymous Sat, Oct 10, 2020 14:53:40 No.23176698 Monero currently sitting at a 2 billion dollar marketcap

>>	Anonymous Sat, Oct 10, 2020 15:01:33 No.23176839 File: 310 KB, 1636x1156, 0DDDA04A-B0FC-464B-BD95-7FB60C274FC3.png [View same] [iqdb] [saucenao] [google] Monero cracked?

Anonymous Sat, Oct 10, 2020 15:03:55 No.23176888
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>>23176698
the market is trading on future promises of mass adoption of the blockchain smart contracts.
...while completely missing the first step and use case that is a decentralized, usable, fungible currency.

We are decades away from defi that is not swapping and staking virtual tubers, the bubble will pop before true industry adoption.

Anonymous Sat, Oct 10, 2020 15:07:50 No.23176971
File: 306 KB, 769x1285, monerowaifu10.png [View same] [iqdb] [saucenao] [google]

>>23176839
unironically fake news.
ciphertrace made the claim that they could trace monero, so the monero devs had the ceo on a podcast and he wasn't able to answer any of the actual technical questions. In short, this is one of those wastes of taxpayer dollars in which a company convinces a bunch of dinosaurs in the government that they can track something that literally can't be directly tracked.
There are ways to build up metadata leakages over time. This is really the only way of "tracing" Monero, but even then it requires months of surveillance and poor opsec on the part of the target. For example, if a KYC exchange colludes with the government (which you should assume) then things like timing analysis, ip addresses, and poisoned outputs can build probabilities linking transactions. Check out Breaking Monero on youtube if you want more information on this.
But to date, there has not been a single person arrested because Monero was tracked, and the reasons for this are pretty obvious once you understand the ways Monero works (ring sigs, ring ct, and stealth addresses).

>>	Anonymous Sat, Oct 10, 2020 15:09:02 No.23176996 >>23172887 Can anybody tell me if they will update the ledger app? I downloaded the new wallet and it does not work with the ledger wallet.

>>	Anonymous Sat, Oct 10, 2020 15:11:44 No.23177051 >>23176971 when ceo of ciphertrace kept repeating: "idk im not the math guy" i knew this was FUD

>>	Anonymous Sat, Oct 10, 2020 15:17:16 No.23177127 File: 26 KB, 598x574, 1571657251739.jpg [View same] [iqdb] [saucenao] [google] >>23176971 When monerowaifu11.png ?

Anonymous Sat, Oct 10, 2020 15:20:31 No.23177174

>>23177051
Yeah at the absolutely very best -- and again, this is if a major target is being monitored over a long period of time and is a retard opsec wise -- the best a transaction can be traced would be like how monero waifu looks like in the picture I just posted. Metadata leakage is really the culprit here and Monero can never solve that.
But if we are talking about a normie withdrawing money from an exchange to a personal wallet? The feds would have absolutely no way of knowing where the money goes after. It's impossible.

>>	Anonymous Sat, Oct 10, 2020 15:22:38 No.23177204 >>23177127 nsfw https://files.catbox.moe/p03jgm.png

>>	Anonymous Sat, Oct 10, 2020 15:23:31 No.23177219 File: 401 KB, 1120x1225, xmr lewd blockchain manga.png [View same] [iqdb] [saucenao] [google] >>23177204

>>	Anonymous Sat, Oct 10, 2020 15:24:04 No.23177224 File: 96 KB, 640x446, xmrbest.png [View same] [iqdb] [saucenao] [google] we'll win guys

>>	Anonymous Sat, Oct 10, 2020 15:25:50 No.23177245 File: 156 KB, 709x595, 1575965698804.jpg [View same] [iqdb] [saucenao] [google] >>23177204 Houlala. Thanks anon.

>>	Anonymous Sat, Oct 10, 2020 15:54:54 No.23177709 >>23176996 update your ledger firmware https://www.reddit.com/r/Monero/comments/j6ob5w/ledger_nano_app_update_173_is_now_available/

>>	Anonymous Sat, Oct 10, 2020 16:13:19 No.23177999 File: 43 KB, 400x400, 1585359403757.jpg [View same] [iqdb] [saucenao] [google] How did you guys get into monero, and what's the most efficient way to stack coins if, or when, shit starts getting wonky with the market?

Anonymous Sat, Oct 10, 2020 16:31:13 No.23178341

>>23176582
>if zcash worked then pedos would use zcash you fucking retard.
how do you know they don't? tell me, what percentage of zcash transactions are shielded vs nonshielded?
>By not having privacy implemented in the base layer, privacy will not be used. Tell me, what percentage of zcash transactions are shielded vs nonshielded?
irrelevant argument, privacy is a choice, just because it's not private by default doesn't mean you're not able to use it.
>And yet, Bitcoin is worth how much today? Or Monero is worth how much more than Zcash despite not having as many on ramps? You are being taxed on every single transaction to a company that isn't even doing privacy correctly (optional privacy, and trusted set ups)
what is blockstream
>Except Zcash is unironically an Asic pump and dump. NOBODY USES IT. We make it pretty clear in these Monero generals that moonboys deserve the rope. We are all about use case. Monero actually has adoption and Zcash doesn't, because the only reason people hold Zcash is to pump and dump. What is your transaction growth looking like?
enjoy your 51% attack sometime in the future

>>	Anonymous Sat, Oct 10, 2020 16:52:13 No.23178752 >>23177999 number go up

Anonymous Sat, Oct 10, 2020 16:55:00 No.23178797

>>23177999
>How did you guys get into monero
got into it during the 2017 bull run. Kept tabs on it and was really impressed by all the innovations that they kept implementing. Been DCAing ever since.
>what's the most efficient way to stack coins if, or when, shit starts getting wonky with the market?
what do you mean?
>>23178341
>how do you know they don't? tell me, what percentage of zcash transactions are shielded vs nonshielded?
https://explorer.zcha.in/statistics/values
lmao.
>irrelevant argument, privacy is a choice, just because it's not private by default doesn't mean you're not able to use it.
you are so wrong about that. People need to be tricked into using privacy. The amount of time it has taken the dark net to switch to Monero is proof of this. Onboarding newbies to something like zcash is hilarious because the majority of them hold and transact in transparent addresses because they do not understand the technology. Google anon sets you fucking tard. Zcash has no anon sets with their shielded transactions and therefore those stick out like a sore thumb.
Of course, I don't know if pedos use zcash or not but if you look at overall adoption of shielded transactions (EVERY MONERO TRANSACTION IS SHIELDED) then it becomes clear where people are going for privacy.
look at this chart: https://bitinfocharts.com/comparison/transactions-xmr-zec.html
That's all that needs to be said here. People who are actively seeking privacy go to Monero, and the growth shows it. We are hitting 17k anon sets of fully shielded transactions. You have like 50 daily. GG.
>blockstream
If you think Monero adoption isn't going to bring in even more innovation then I don't know what to tell you. Monero has been able to create a more user friendly, safer, more adopted, and more valuable crypto currency than zcash and it was all grass roots without any support from the mainstream.
>enjoy your 51% attack
Our mining network will only continue to grow because it is asic resistant.

>>	Anonymous Sat, Oct 10, 2020 16:58:12 No.23178860 File: 444 KB, 930x534, unknown_amount_xmr.png [View same] [iqdb] [saucenao] [google] >>23178797 this one picture destroys the zcash retard. also zooko basically admitted they built in backdoors for the U.S govt.

>>	Anonymous Sat, Oct 10, 2020 17:01:41 No.23178935 >>23172887 >We have CLSAG coming in one week! source?

>>	Anonymous Sat, Oct 10, 2020 17:08:56 No.23179076 >>23178797 >what do you mean? I should have been more clear. How do I begin investing in crypto with the possibility of a further stock market volatility this coming month?

>>	Anonymous Sat, Oct 10, 2020 17:11:32 No.23179119 >>23179076 you stop caring about dollars and euros and fiat (cause they are being phased out anyway) and focuse on stacking crypto. finance is being revolutionized. I doubt in 100 years we even have national currency anymore.

>>	Anonymous Sat, Oct 10, 2020 17:11:46 No.23179123 >>23178935 nvm that was easy to find https://www.reddit.com/r/Monero/comments/iwd83t/please_be_reminded_that_a_scheduled_network/

Anonymous Sat, Oct 10, 2020 17:16:25 No.23179196

>>23179076
Ah well, you wire money to an exchange, then buy some if it looks an okayish monent.
Keep at least 50% and buy the first major dip.
Then transfer founds to personal wallet, back-up keys and you are good.

>>23179119
This is hazardous, yeah it's profitable and a nice technological advancement, but so far the only legal tender is paper money, not Gold, not crypto.
I do have an unknown amount in them of course.

>>	Anonymous Sat, Oct 10, 2020 17:41:54 No.23179657 what will you buy when monero is back at ATH in the coming months?

Anonymous Sat, Oct 10, 2020 17:52:58 No.23179860

>>23178797
>https://explorer.zcha.in/statistics/values
my point still stands
>People need to be tricked into using privacy
no they don't. those who do are the same people who look up blockchain customer service when they forget their "blockchain account" name and password. in which case neither zcash nor monero will be of any use to them.
>I don't know what to tell you
you clearly don't
>Our mining network will only continue to grow because it is asic resistant.
lmao

>>	Anonymous Sat, Oct 10, 2020 17:59:37 No.23179977 >>23179657 more monero >>23179860 you clearly are stuck with huge zcash bags, so get out of here and start a zcash general

Anonymous Sat, Oct 10, 2020 18:14:17 No.23180225

>>23179860
how does your point still stand? Nobody uses zcash for its privacy. So therefore anybody who wants to use a crypto for transactions will use the crypto with the most liquidity (Bitcoin). Otherwise, if they want privacy, they will go to Monero. Zcash is therefore useless. Over time, Monero's usecases will grow because of it's solutions to scaling, it's faster transactions, it's lower fees, and most importantly it's adoption. The current big factor is the dark net. Soon we will have atomic swaps. Later we will be the swiss bank for the layman. There are many others. Actual digital cash is within reach.
>no they don't.
Yeah, they do. Try explaining zksnarks to somebody who just learned about cryptocurrency. You have no clue what you are talking about. People don't know anything about blockchain tech, and most people think Bitcoin is private. People still post on darknet forums asking about Bitcoin tumblers. They need a protocol that does all the work for them. Monero does this. Zcash does not. And I can actually prove this with the graph I showed you.
>you clearly don't
You have absolutely no comeback to the fact that nobody uses zcash for privacy. Literally none. And because of that Zcash is worthless. Keep posting in these xmr generals. I'll keep showing you the growing transactions and then laughing at you.
>lmao
Your hypothesizing something that has never happened to Monero and ignoring the fact that it's asic resistance gives it value. Keep laughing with those bags of your though. As Monero adoption grows so will it's mining network.
>>23179977
yeah that nigger doesn't even know what an anon set is. It's almost not worth talking to but it's too easy.

>>	Anonymous Sat, Oct 10, 2020 18:23:40 No.23180385 >>23180225 lol not gonna read that schizo tranny rabble. enjoy spending your niggero on child porn and drugs while normal people use zcash.

>>	Anonymous Sat, Oct 10, 2020 18:23:43 No.23180389 I think in this video he presents a good point of why provacy is important even if you're not a criminal (which to some might be obivous but not to others) https://www.youtube.com/watch?v=XIHDZRiH3wE

>>	Anonymous Sat, Oct 10, 2020 18:50:49 No.23180840 >>23180225 don't reply to ZEC shills, they're invariably retarded and just shit up XMR threads

>>	Anonymous Sat, Oct 10, 2020 18:53:26 No.23180903 zcash nigger be like >your privacy coin is too private

Anonymous Sat, Oct 10, 2020 18:58:05 No.23181001
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>>23172887
hello anons im crazy new to monero, crypto and even /biz/ in general. whats the best way for buying monero? localmonero? should i care about privacy? does it matter if i pay via bank transfer?

Anonymous Sat, Oct 10, 2020 19:00:39 No.23181050

>>23181001
>should i care about privacy?
depends on how paranoid you are but it won't be made illegal any time soon, not with these boomers in power
>whats the best way for buying monero?
localmonero seems like a good idea, but if you interest is trading then a lot of exchanges like Binance and Kraken have trading pairs

Anonymous Sat, Oct 10, 2020 19:04:02 No.23181109

>>23181050
thanks already anon
>depends on how paranoid you are
very paranoid usually when it comes to software, but somehow i dont really care in this case since i wont do anything illegal with this wallet
>Binance and Kraken
does it matter that im EU based? im also a poor student with like max 10 bucks per week available, will i actually be able to make any profit by trading with such a small sum?

>>	Anonymous Sat, Oct 10, 2020 19:12:49 No.23181260 >>23181109 Buy bitcoin on any exchange you like and use a reliable swapping site like simpleswap.io to convert it to Monero easily.

Anonymous Sat, Oct 10, 2020 19:12:54 No.23181261

>>23181109
Once you send Monero off of an exchange to your wallet then it becomes untraceable. So find an exchange where you can buy Monero (Binance should work) and then make sure to pull the Monero to your private wallet. If you are okay with knowing that the exchange knows that at x date you purchased Monero then you are good to go (and really there is nothing wrong with purchasing Monero, as it can be used to pay for many things that aren't illegal, as well as anything that Bitcoin can be paid for with a service called xmr.to).
If for whatever reason you can't find Monero, you can always buy Bitcoin and then use a service called Morphtoken that uses an exchange for you and swaps the Bitcoin for Monero. Morphtoken then sends that Monero to the wallet address you give it for your own personal wallet.
> im also a poor student with like max 10 bucks per week available, will i actually be able to make any profit by trading with such a small sum?
I would dollar cost average invest over a long period of time then. Maybe budget ten dollars a week and then every month make a 40 dollar investment? or a 10 dollar investment every week? Crypto is very volatile so this help protects you from swings.

>>	Anonymous Sat, Oct 10, 2020 19:16:28 No.23181323 >>23177709 thanks fren

Anonymous Sat, Oct 10, 2020 19:17:50 No.23181352

>>23181261
>Once you send Monero off of an exchange to your wallet then it becomes untraceable
fuck thats so cool, i really dont know too much about crypto, so it cant be traced back to that one certain wallet?
>>23181260
>Buy bitcoin on any exchange you like and use a reliable swapping site like simpleswap.io to convert it to Monero easily.
there are probably fees involved there, is there any advantage in buying monero directly over doing that?

>>	Anonymous Sat, Oct 10, 2020 19:19:47 No.23181386 also is it normal that binance is probably the slowest website ive ever visited?

>>	Anonymous Sat, Oct 10, 2020 19:24:30 No.23181463 daily reminder both phd math rsearchers stepped down working on xmr due to being contacted by glowniggers

Anonymous Sat, Oct 10, 2020 19:28:56 No.23181529

>>23181352
Yeah so Bitcoin uses a transparent/public ledger. This means that every transaction can be directly followed on the block explorer. You can try it out for yourself. So if you make a transaction that amount can be followed to whatever wallet is sent to, and from there it can be observed. So if an adversary knows your wallet address they have direct access to every transaction you have made or received.
Monero uses stealth addresses to protect the receiver. The public address you have for your Monero wallet doesn't directly link to your wallet. The Monero public address is mixed into the transaction, and it is later unlocked by your private key from your wallet. In the scenario we are discussing where you buy Monero from an exchange and send to your wallet, the exchange would know that you sent a certain amount of monero to a monero wallet address, but that's all they would ever know. They won't be able to snoop any further.
You can also create an infinite amount of stealth addresses for plausible deniability.
>>23181386
I've never used it. I know it is popular though.
>>23181463
that's not true in the slightest. No monero researchers are stepping down because of glow niggers. post a source or neck yourself.

>>	Anonymous Sat, Oct 10, 2020 19:38:09 No.23181667 >>23181463 Sarang personally said that that wasn't the case. If he were contacted by the feds, it was probably to give him job offers.

Anonymous Sat, Oct 10, 2020 20:08:31 No.23182127

>>23181667
>>23181529
yeah when u get contacted by cia u say so in public. fucking retards. xmr got too much heat from hayes cashing out and the cia looked into it. why would two public figures both step down at same time. only two usa based non anon researchers of cryptography.

>>	Anonymous Sat, Oct 10, 2020 20:13:48 No.23182195 Any thoughts on mining? I seriously am considering starting up a mining rack for XMR

Anonymous Sat, Oct 10, 2020 20:16:51 No.23182237

>>23182127
so instead of arriving at the simplest solution that one of the most trusted individual is saying the truth, you come up with a completely unfounded conspiracy theory where they're being threatened to be shipped off to a black site, you stupid Qanon dumbass?

>>	Anonymous Sat, Oct 10, 2020 20:17:46 No.23182252 >>23182237 no its just how CIA works. its called a gag order. welcome to the USA.

Anonymous Sat, Oct 10, 2020 20:19:16 No.23182282

>>23182127
are you retarded? Monero has dozens of devs who have done meetups. Monero has conferences literally every year where all their developers do presentations. Many of these are recorded and on youtube.
Sarang is taking a hiatus and the other guy has nothing to fucking do with Monero and isn't a researcher for Monero.
kill yourself glowie.

Anonymous Sat, Oct 10, 2020 20:20:31 No.23182303

>>23182237
dont hold personal attachement to someone who does evil in the world having mercy for small humble bugman redditor such as u. life is cruel. xmr was under the radar because it wasnt used for big amounts but when Hayes and his whale crew all cashed out into XMR cia looked into it and stomped them. theres a reason other xmr core members are anon or live outside of usa. unfortunately these two phd larpers stroke their egos to their names having phd next to it so now they got clapped

>>	Anonymous Sat, Oct 10, 2020 20:21:18 No.23182317 >>23182237 Governments love us and are always lawfully doing their best to improve the world. Anything else is a conspiracy theory. Right?

>>	Anonymous Sat, Oct 10, 2020 20:22:05 No.23182326 >>23182282 both Brandon and Sarang are only two responsible for cryptography in xmr. rest of the team members are layers above that implementing it in code. xmr without base protocol cryptography researchers is dead

>>	Anonymous Sat, Oct 10, 2020 20:23:43 No.23182359 >>23182282 devs only implement protocol cryptography research retard.

>>	Anonymous Sat, Oct 10, 2020 20:24:51 No.23182380 >>23182359 brah you sound like a Q shitter

>>	Anonymous Sat, Oct 10, 2020 20:26:16 No.23182401 Ionly buy xmr from coinflip atms and only use my phone number with no id. Whats thenchance i am in a database as presumably my phone# could be a throwbaway? Wondering about irs

>>	Anonymous Sat, Oct 10, 2020 20:27:15 No.23182420 >>23182380 what ur brain is having trouble accepting reality with is not my problem. if u reveal urself as a core cryptography protocol researcher of most criminal used coin u are literally taunting whole of cia.

>>	Anonymous Sat, Oct 10, 2020 20:33:47 No.23182503 >>23182326 >xmr without base protocol cryptography researchers is dead >if we don't tweak the protocol constantly the technology doesn't work Go back to Core or Cash, nigger.

>>	Anonymous Sat, Oct 10, 2020 20:38:16 No.23182559 >>23174185 Can you show anyone that actually accepts zcash as payment?

>>	Anonymous Sat, Oct 10, 2020 20:42:43 No.23182636 >>23182503 research is stopped u worm. the privacy isnt anywhere near good enough vs state actors. Brandon himself said this in a talk. its 2/10 his words.

>>	Anonymous Sat, Oct 10, 2020 20:45:08 No.23182679 >>23182636 Either the protocol works or it doesn't. Considering the absurd unknown amounts out there I'm going with works.

Anonymous Sat, Oct 10, 2020 20:45:15 No.23182682

>>23182359
I don't see your point. This is an opensource project and anybody can join or leave. Sarang has contributed for a while and is now leaving. As Monero grows more individuals with high level experience in crypto mathematics will join. Also your assumption that Monero will be illegal is something I strongly disagree with
But why aren't the feds going after the many known developers who are directly implementing the code? They are just as important to the project. We have atomic swaps forthcoming. This would be priority number one in your schizo world.
Why wouldn't anonymous contributors (continue to) commit research in the future?
>>23182636
I have no idea what you are talking about but he probably referred to the fact that if you are a target the government has many ways of spying on you and Monero can only do so much, which is true. Against passive surveillance however it is perfect.

>>	Anonymous Sat, Oct 10, 2020 20:54:36 No.23182842 >>23182503 holy shit cryptography is a constantly evolving field with non-stop research into new and innovative security models, what a fucking shocker? neck yourself

>>	Anonymous Sat, Oct 10, 2020 20:58:37 No.23182914 >>23182842 They'd have to crack cryptonote, nigger.

>>	Anonymous Sat, Oct 10, 2020 21:05:00 No.23183014 >>23180385 >normal people use zcash why would normal people use zcash over any other currency?

Anonymous Sat, Oct 10, 2020 21:07:31 No.23183054

>>23182679
it works for ur mom sending u money. it doesnt work against state actors or for big amounts. Monero PHD researcher words.

>>23182682
never said it will be illegal. CIA deals hidden in plain sight. they arent. implementing code is the easy part. discovering math for protocol . making sure it works. that its secure is at root of xmr. they both are leaving not just one. both. at same time.

u didnt even watch his talk yet u fume to ur investment retard.

https://youtu.be/xicn4rdUj_Q

>>	Anonymous Sat, Oct 10, 2020 21:08:45 No.23183071 File: 58 KB, 499x500, groyper monero.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Sat, Oct 10, 2020 21:09:54 No.23183090 >>23183054 >it doesnt work against state actors or for big amounts Tf are you talking about? Monero transactions are either anonymous or they're not. I think you're confused the exchange from currency A to Monero. Not a Monero transaction.

>>	Anonymous Sat, Oct 10, 2020 21:13:00 No.23183150 >>23183090 wrong. watch the fucking video retard. a transaction has 30 or more properties per layer. and tx happens on more than blockchain layer. all of those giving u 1% chance combined give u 90% accuracy. so much for ur anonymous transactions

>>	Anonymous Sat, Oct 10, 2020 21:15:26 No.23183181 >>23183150 i already mentioned these types of attacks here>>23176971 those types of attacks can be prevented by just sending your monero off an exchange to a private wallet, or using a already available coin swap mechanism like morphtoken.

Anonymous Sat, Oct 10, 2020 21:20:40 No.23183255

>>23183181
no. thats lunch money for CIA. good luck with 1mil+ which is average criminal transaction. im sure morphtoken will work x.d.

what u retards refuse to accept is that xmr is dogshit tool in which monkeys psyopsed with privacy buzzword will never realize they are inside the zoo. meaning that only privacy u actually need is against state actors since they are the ones taking away your freedom. freedom can only exist if its objective and absolute not if its subjective aka " good enough" for small humble nothing to hide redditor bugmen itt

>>	Anonymous Sat, Oct 10, 2020 21:36:44 No.23183456 >>23182195 Do it. One CPU, one vote.

Anonymous Sat, Oct 10, 2020 21:45:02 No.23183559
File: 607 KB, 759x990, feds1.png [View same] [iqdb] [saucenao] [google]

>>23183255
weird how you call us redditor bugmen and you are the only one reddit spacing.
> xmr is dogshit tool
kek. And yet not a single transaction has been traced to this day.
>no. thats lunch money for CIA. good luck with 1mil+ which is average criminal transaction. im sure morphtoken will work x.d.
pic related

>>	Anonymous Sat, Oct 10, 2020 21:47:37 No.23183598 >>23174185 ZEC and Dash pump harder but are definitely not better

>>	Anonymous Sat, Oct 10, 2020 21:48:33 No.23183607 >>23183559 they were traced the public just cant know retard. was PRISM public??? stop fucking having emotional attachment to this

>>	Anonymous Sat, Oct 10, 2020 21:50:53 No.23183647 File: 252 KB, 1079x758, brainlet.jpg [View same] [iqdb] [saucenao] [google] >>23183559 thats what u are. redditor bugmen programmed so deep u seek out authority as "source" to do the thinking for you

>>	Anonymous Sat, Oct 10, 2020 22:04:18 No.23183836 bought an unknown amount of monero

>>	Anonymous Sat, Oct 10, 2020 22:15:58 No.23183969 >>23178752 based color

>>	Anonymous Sat, Oct 10, 2020 23:04:45 No.23184585 >>23183150 That literally makes no sense. A Monero transaction is a base layer operation.

Anonymous Sat, Oct 10, 2020 23:08:37 No.23184632

>>23184585
>That literally makes no sense. A Monero transaction is a base layer operation.
except it has temporal point in time as a layer
and it also has network layer

still base layer operation retard?

oh it also has node client server internetwork layer

i wrote 3 more off ur base layer on a random post
imagine how many described layers cia has. retard

>>	Anonymous Sat, Oct 10, 2020 23:14:58 No.23184704 >>23184632 >except it has temporal point in time as a layer Wtf are you talking about?

>>	Anonymous Sat, Oct 10, 2020 23:17:28 No.23184731 >>23184704 transactions can be analyzed using time as analysis vector

>>	Anonymous Sat, Oct 10, 2020 23:21:21 No.23184777 >>23184632 How do you have 15 posts of tinfoil without naming the Jew?

Anonymous Sat, Oct 10, 2020 23:21:57 No.23184784

>>23184731
That isn't a layer, dude. You could potentially analyze transactions via IP as well, but it tells you nothing about the nature of the transaction itself. It isn't Moneros job to obfuscate literally everything, just the ledger itself. This is fucking cope, give it up.

>>	Anonymous Sat, Oct 10, 2020 23:22:35 No.23184791 File: 80 KB, 600x789, redacted_merchant.jpg [View same] [iqdb] [saucenao] [google] >>23184777 pic rel

>>	Anonymous Sat, Oct 10, 2020 23:26:29 No.23184832 >>23177224 Why is Monero considered so much more fungible than bitcoin?

Anonymous Sat, Oct 10, 2020 23:28:17 No.23184857

>>23184784
ur hard retarded. privacy can only work if its absolute. that means its solved on all layers otherwise that single concealed layer can be side channel attacked. like banks giving out cash withdrawals in a oversized box so people cant tell cash amount by thickness of envelope by looking at u walk out. same goes for ip addresses and other things. if u have alot of transactions from same ip its an indicator of high usage and correlations can be made. the more u can analyze those correlations the more accurate they are at revealing other concealed things.

>>	Anonymous Sat, Oct 10, 2020 23:31:28 No.23184894 >>23184832 Because monero coins have no history attached.

Anonymous Sat, Oct 10, 2020 23:32:38 No.23184909

>>23184857
>a fucking ledger needs to solve all other OPSEC considerations even if they are outside of the scope of the technology itself or the technology is completely useless

Do you also expect physical USD to determine meeting places for transactions?

>>	Anonymous Sat, Oct 10, 2020 23:34:23 No.23184934 >>23173979 How much is a suicide stack? Got the same issue as the other guy, that I actually use monero

Anonymous Sat, Oct 10, 2020 23:35:21 No.23184945

>>23184585
lol yeah none of his posts make sense half the time. He's just word vomitting tech words and sentence fragments to derail conversation. He fundamentally can't hold a conversation and frequently misinterprets things without realizing (e.g. confusing blockchain layers [base vs second layer] with attack vectors) or not understanding how Monero works (by misinterpreting what that Monero researcher said how Monero isn't a solution for all opsec) and he also keeps mentioning CIA, even though the deep state is far more complicated (cia is mostly foreign intervention...homeland security and fbi would probably be more relevant to what he is saying. Or the nsa...or the mossad.)
Frankly he's a cunt who sounds like he overdosed on redpills. Having skepticism is good but declaring things as fact such as the phd math researchers were contacted by glow niggers, or that xmr got heat from hayes catching out is dumb derailment fud, and that's not even getting into his misunderstandings of the technology he thinks he understands.
>>23184832
Bitcoin transactions are all recorded on a public ledger. So if a transaction was made that is flagged as being illegal, the bitcoins used in that transaction become tainted. Therefore exchanges can freeze tainted Bitcoin if they are told by a chain analysis company that a wallet was used on the dark net or by bitcoin tumblers. This is already happening.
Monero transactions are all obfuscated. One monero will always equal one monero.

>>	Anonymous Sat, Oct 10, 2020 23:41:22 No.23185014 >>23184945 He's completely misrepresenting things. My only wonder is why?

>>	Anonymous Sat, Oct 10, 2020 23:43:57 No.23185055 >>23184909 yes. privacy is absolute otherwise those edge cases once analyzed turn into certainty which destroys privacy. >>23184945 >>23185014 did hayes get btfod by usa? did both xmr phd crypto researchers quit out of the blue?

>>	Anonymous Sat, Oct 10, 2020 23:45:34 No.23185076 >>23184945 >its ok if zoo keeper can see everything on his cameras. atleast the other monkeys dont know how many bananas i have thats ur post fucking emotional cucks

>>	Anonymous Sat, Oct 10, 2020 23:45:46 No.23185078 >>23185055 alright so if both of xmr's phd researchers have indeed left the project then why hasn't Triptych been cancelled? it's almost as if a community as big as the XMR dev team is not reliant on a couple individuals to hold the coin together

>>	Anonymous Sat, Oct 10, 2020 23:47:45 No.23185115 >>23177224 Monero and gold. The thinking man's stack

Anonymous Sat, Oct 10, 2020 23:52:29 No.23185153

>>23185055
You're a fucking moron. I'm talking tippy top retard.

Monero solves one very significant piece of a large problem. If you cannot into OPSEC for the rest then maybe get a normal job and avoid these kinds of endeavors all together.

Even this is assuming you're a big fish and doing literally tens of thousands of transactions without practicing basic OPSEC. For anyone else this shit doesn't even matter.

Anonymous Sat, Oct 10, 2020 23:54:51 No.23185184

>>23184934
An unknown amount
>>23185014
Like I said it's one of those situations where someone overdosed on redpills. There's questioning everything which I am down with but there is also the dunning kruger effect and schizophrenia. His combative projection about things he repeatedly misinterprets or his declarative statements about conspiracies are dead giveaways that he needs to take some time off the internet. Normal people would maybe chime in and say "Do you guys thing Sarang left because he was talked to by the feds?" Not, "HURR DAILY REMINDER GUYS SARANG GOT CLAPPED". It's derailment and attention seeking. Kind of sad.

Anonymous Sat, Oct 10, 2020 23:55:09 No.23185189

>>23185078
i never said there is correlation between Tryptich and CIA. they stopped the project growth and evolution of further privacy improvements just as it got some attention. we btfod those larpers claiming they can track xmr. gov set out a bounty. then suddenly both phd researchers quit out of the blue and whats worst is community is so hard attached to their personal investment they refuse to see the truth and attack those who question flawed claims. we got Arctic and Tryptich. great advancement was being made and then suddenly both of em quit ? without any explanation and reasoning. just "open source project anyone can join and leave" sounds like a gag order or bullet to the head to me.

again retards. the xmr dev team can hold the coin together but holding it afloat is nowhere near of being able to sail forward into better privacy to achieve absolute privacy that can overthrow tyranny of gov players who are the real actors imprisoning and spying on people. not ur local grocery store seller. just as we got bigger and started to play in big boys league with more advanced privacy they BOTH quit out of the blue. no post why without reasoning. think about it retards. if u dedicated years to something and were respected in community that funded u. are u so retarded to not see the psyops of no proper reasoning in an explainer post missing and not happening???

>>	Anonymous Sat, Oct 10, 2020 23:55:30 No.23185194 >>23185078 not to mention TWO proof of concept implementations of atomic swaps have been developed by separate teams.

>>	Anonymous Sat, Oct 10, 2020 23:55:35 No.23185197 >>23185076 if I was a monkey I'd be happy to know the other monkeys dont know how many banans I have

Anonymous Sun, Oct 11, 2020 00:00:31 No.23185249

>>23185189
>absolute privacy that can overthrow tyranny
Literally no part of absolute privacy will help overthrow a government when government can use the same tool to oppress people.

Bitcoin has a far better check on power than Monero. Neither will end government.

Anonymous Sun, Oct 11, 2020 00:03:18 No.23185275

>>23185197
yeah but if u are a fat fucking monkey eating 50 bananas a day they can figure how many u got either way. same goes for xmr. side channel leaks destroy privacy.

>>23185153
monero doesnt solve shit. its privacy is equivalent to removing training wheels on bike tier of privacy. 99.9999% of cases dont require privacy because its $ can be deduced from items. idk how much mike has in bank acc but if he has a real rolex and a porsche i can look up their price and figure out more info about him to come to 99% accurate guess.

>>23185249
wrong. absolute privacy nullifies authority or any other superiority and levels out government and single individual to same level. thats the power of absolute scaling.

Anonymous Sun, Oct 11, 2020 00:05:30 No.23185298

>>23185249
>when government can use the same tool to oppress people

governments already control the money and we, the people, have no priovacy

how does something that give US privacy help the government who already has privacy?

>>23185275
that's assuming I'm stupid enough to let it be obvious I eat 50 bananas a day
also, I was just playing with your analogy, I don't think it's actually a good one

>>	Anonymous Sun, Oct 11, 2020 00:06:02 No.23185305 If I am planning to buy is it better to wait untill it's 112 in couple of days?

>>	Anonymous Sun, Oct 11, 2020 00:06:32 No.23185309 >>23185249 ur so retarded it hurts desu. absolute privacy coin is equivalent to gun per individual. yes gov has guns but theres 1000x amount of civilian individuals compared to gov slaves. so using same tool doesnt work due to being outnumbered.

Anonymous Sun, Oct 11, 2020 00:07:41 No.23185320

>>23185275
also reading the rest of your thread it's absically what others told you already, Monero as a crypto solves the problem of everything being public while mantainging the security aspects of blockchain, how you use the tech is up to you

like if monero is private but then I go into facebook and say "I just bought X with Monero on Y" it dosent matter how private the tech is people can connect dots

>>	Anonymous Sun, Oct 11, 2020 00:08:43 No.23185332 >>23185305 it could re-test 113 but it could also moon from here so you could set an OCO order

Anonymous Sun, Oct 11, 2020 00:15:25 No.23185400

>>23185275
None of your analogy refutes Moneros ability to perform anonymous transactions. Cope harder, nigger.

>>23185298
The government using Monero means they have absolutely no accountability at all. If you think individuals and organizations can out maneuver the state in this fashion then you're mistaken.

Your point about currency printing is valid. However I'm making the assumption this is at scale in a post fiat world. Now what could happen is a bunch of instability and political lines change, but the state isn't getting abolished because Monero.

>>	Anonymous Sun, Oct 11, 2020 00:16:12 No.23185411 >>23185309 >more analogies

Anonymous Sun, Oct 11, 2020 00:18:05 No.23185430

>>23185298
analogies are for retarded redditors itt so yeah. theres more ways just from confidence levels u can deduce alot of info especially in todays world.

>>23185320
its not private. a single word means the claim is absolute. its not absolute private. do u get it retard? a person is dead. means they are fucking dead. absolute claim. if i need to do thousands of hoops and other stuff to have privacy then its not private. inside current government and corporation world privacy must be absolute to be had. wtf does it matter if xmr offers grocery buying privacy? did u ever check how engineering is done? it pushes things to 100x their limit so that when that 0.01% chance edge case happens shit doesnt derail itself and fall apart. same goes for xmr. that 0.01% edge case lands u in jail for life. no sane big fish criminal will ever touch xmr because then their life is on a dice roll of a "privacy" coin with 3k transactions and 1/12 casino ring tx lottery every moment of their life forward. even while they sleep. such things like this and say airplane engineering require 100x over the limit testing of 0.001% chance edge case because when that case happens everything else falls apart completely. its called absolute penalty of an extremely high scaling factor system

>>	Anonymous Sun, Oct 11, 2020 00:22:02 No.23185469 >>23185400 anonymous to buy groceries tier items and tumor npc hivemind monero art which sends order summary to ur gmail and is set up on shopify store so everyone whom u wanted to hide ur purchasing is aware of it either way.

>>	Anonymous Sun, Oct 11, 2020 00:22:09 No.23185471 >>23185430 The ledger is private and this is cope >also even more fucking analogies JFC

>>	Anonymous Sun, Oct 11, 2020 00:22:20 No.23185473 >>23185430 Absolute privacy is impossible. There are always ways to attack a target. Google a wrench attack schizo.

Anonymous Sun, Oct 11, 2020 00:28:33 No.23185537

If Brandon and Sarang publicly quit due to regulatory pressure, they could still continue to contribute anonymously.
The community collectively holds $2B worth of relatively liquid coins. We are willing to fund CCS proposals to pay new researchers.
I disagree with your premise if this is your argument:
>It's impossible to have perfect opsec/privacy. Therefore, opsec/privacy is useless.
Even if they cracked XMR, they wouldn't be able to use it as evidence in court or publicly blacklist addresses if they wanted to keep the crack secret.
Even in the "secretly cracked" scenario, it would still be better to use Monero over fully transparent ledgers.

Anonymous Sun, Oct 11, 2020 00:29:22 No.23185545

>>23185309
If you want the level of privacy you seek, use Monero... then burn off your fingerprints, knock your fucking teeth out and get veneers, remove your hair follicles, pluck your eyes out, use tails and tor, switch PC’s and VPN’s every 30 minutes, and learn how to fluently read, speak, and write 30 languages. There, you have achieved privacy on every layer. Now stop with low-tier FUD and give us something good.

>>	Anonymous Sun, Oct 11, 2020 00:32:13 No.23185578 >>23185545 Monero doesn't burn my fingerprints or change my internet settings, therefore Monero isn't private.

Anonymous Sun, Oct 11, 2020 00:34:29 No.23185595

>>23185471
again. ledger depends on rng of 1/12. it is casino private. not private. and u have to put it on that ledger somehow and someway on network and client and node.

>>23185473
thats the point retard. u chase pefection to evolve despite knowing theres no end. but the more u chase it and progress the more perfect u become. more perfect chasing absolute privacy means u scale and strenghten that privacy. the stronger that privacy is the more freedom it gives u. outscaling big brother. like u see evolution is about progressing the fundamentals which xmr can no longer do due to both math crypto researchers being shut down by cia.

>>23185537
they dont have to use it in court. it gives them pinpointing ability which then becomes direct surveilance to find a parallel story for court.

better use for what case? as i said in 99.9999% of cases its irrelevant if its a public or private ledger. in those 0.00001% of cases where it matters due to scaling and context it must either be absolute or u know 100000x edge case solid. thats what i mean with absolute. a 70km h limit car has breakdown going 70kmh but a good car like porsche will have no prob going that speed due to being made for 3x speed.

>>	Anonymous Sun, Oct 11, 2020 00:40:45 No.23185666 >>23185595 You make no sense >Monero isn’t sufficiently private >Monero is so private that the CIA is gagging their devs Which one is it?

>>	Anonymous Sun, Oct 11, 2020 00:41:31 No.23185679 >>23185595 how underwatrer is your short right now? close it before you get liquidated man

Anonymous Sun, Oct 11, 2020 00:43:37 No.23185698

>>23185545
i never said those things are required. i claim absolute 100x edge case cover with "absolute" word. not going outside of system layers of XMR.

u can continue to cope but the truth is there. snap out ur emotional attachement. the reason why this is clear as day is simple. if xmr offered strong privacy to the point of being close enough to "absolute" on Earth ignoring 0.000000001% edge cases then u could go and order a hit on anyone with a single click of a button paying with xmr for it. just like pedos use veracrypt. its encryption is current techological progress "absolute". and no. global private money is not absolute if u can buy personal use drugs w it. encryption is absolute because it secures trillions a day. its claim is solid and "absolute". its uncrackable. best u can do with xmr is pretend u are safe buying penny tier things which no one cares about either way

>>	Anonymous Sun, Oct 11, 2020 00:43:41 No.23185700 >>23185679 He’s over leveraged and thinks shit FUD posting on an anime image board will rescue his position. Bullish af

>>	Anonymous Sun, Oct 11, 2020 00:45:47 No.23185736 >>23185679 Kek this

>>	Anonymous Sun, Oct 11, 2020 00:46:30 No.23185747 >>23185595 It would still be better if they had to secretly use parallel construction instead of using chainanalysis as evidence to blacklist coins on a fully public ledger.

>>	Anonymous Sun, Oct 11, 2020 00:47:31 No.23185765 i remember when these threads used to die after 30 posts. the fomo is real. very comfy with my unknown amount.

Anonymous Sun, Oct 11, 2020 00:49:40 No.23185787

>>23185698
You must be a /pol/tard or Qanon schizo because your thesis is that Monero is a poor privacy tool for anonymous exchanges of value because of its failure to solve the inherent non-fungibility of subjective individual existence? We’d have to wait until we upload our minds to a cloud where every “transaction” or interaction with the digital reality is obfuscated by the XMR protocol to test your hypothesis. Maybe you’re a time traveler with an IQ of 30.

>>	Anonymous Sun, Oct 11, 2020 00:49:59 No.23185796 5 digit USD/XMR coming by 2029.

Anonymous Sun, Oct 11, 2020 00:52:47 No.23185826

>>23185765
i've been continuously making monero threads since like august. every time i checked the catalog and there wasn't a monero thread, i'd make one. nowadays i hardly ever need to because there's always one or two up. /biz/'s interest in XMR has grown exponentially and the 54 unique posters prove that

Anonymous Sun, Oct 11, 2020 00:55:38 No.23185853

>>23185666
never said so. i said monero started to get big enough that cia shut down its progress. both in transactions, public awareness, criminal usage volume, and also new research which sits at root of all this.

>>23185679
i dont trade xmr. it was my only potential coin npcs wouldnt touch due to "nothing to hide". unfortunately i forgot that npc hivemind doesnt operate on logical conscious reasoning so they dont process what they parrot in the hivemind echochamber. can be anything. even "private".

>>23185747
why? point of operating in privacy is to never get caught or pinpointed because if u do its game over. not just in criminal world but in journalism. remember how panama papers journalist got car bombed? if there is any analysis being chainalysis or side channel then its still analysis. either be "absolute" private as cryptography is or private for groceries like xmr is.
>>23185787
no. no thesis. i dont browse pol or follow Qanon. everything else u said about me is wrong aswell. i am saying xmr doesnt offer anything because what it offers is not even remotely close to what it claims to be. 99.99999% of transactions can be public or private its irrelevant. for that other edge case xmr doesnt offer privacy because of thoae edge cases needing more solid privacy.

>>	Anonymous Sun, Oct 11, 2020 00:56:17 No.23185859 File: 27 KB, 514x536, 1599009037277.jpg [View same] [iqdb] [saucenao] [google] >>23173717 Same here anon. Gotta replenish

Anonymous Sun, Oct 11, 2020 00:58:35 No.23185889

>>23185853
dude just use a torrent. if you're expecting a cryptocurrency to also hide your IP, magically obfuscate how much you buy from an exchange so even the exchange doesn't know and hold your hand, you are inevitably going to be disappointed. it is current year +4 and if you are the ultimate privacy junkie the tools exist to achieve that

>>	Anonymous Sun, Oct 11, 2020 01:00:33 No.23185911 >>23185853 The 99.99999% success rate you quote is actually 100% and bullish since the 0.00001% fail rate is due to metadata. Say it with us: meh-tah-day-tah

>>	Anonymous Sun, Oct 11, 2020 01:00:43 No.23185913 File: 144 KB, 64x64, 1599960660666.gif [View same] [iqdb] [saucenao] [google] >>23177204 Mommy milkers

Anonymous Sun, Oct 11, 2020 01:03:47 No.23185957

>>23185787
xmrs privacy is just another shade of grocery bag in the cryptocoin scam space. this one is black so people cant look inside!! eth one is smart so it shows the weight on the outside in kilos!! btc one has golden handles!!

but u see retard. if i want to ship 500 ak 47s across the world what the fuck can i do with a bag? i need a military helicopter which is under the radar. or a quantum gateway.

>>23185889
no. XMR had 3 or so ip obfuscation technologies. two failed and third one is a joke. i wonder why they tried if it doesnt matter what happens on network layer?

>>23185911
that meta data is what lands u in jail. absolute things take care of all edge cases. its why planes why. not because engineers said fuck it 99% is good enough.

>>	Anonymous Sun, Oct 11, 2020 01:06:44 No.23185999 File: 291 KB, 2400x1512, bisq.png [View same] [iqdb] [saucenao] [google] >>23181001 bisq.network, Decentralized exchange

Anonymous Sun, Oct 11, 2020 01:06:49 No.23186000

>>23185957
So you’re upset that XMR isn’t fucking APS? (anonymous parcel service). Every day that the transaction count goes higher, the Monero network becomes safer and safer. Btw thanks for bumping our thread. Also, do you have any conflicts of interest that you’d like to share?

Anonymous Sun, Oct 11, 2020 01:07:29 No.23186013

>>23185957
and if u dont see it then let me make it simple. both cia and criminals and pedos communicate with encryption. it is objectively absolute secure inside whats feasible even to state or secret gov projects not counting 0.000000000000000001% edge case of alien tech. xmr? not so much. why? because i cant pay 10mil $ to order a hit on someone. why? because its privacy is dogshit for that and no one sane will dice their life on a 1/12 casino.

Anonymous Sun, Oct 11, 2020 01:11:05 No.23186067

>>23186000
no. im not upset. im disappointed the project turned into parroting hivemind psyopsed by bootlicking of those who actually put in some work despite jerking off to their "phd" title.

tx count doesnt mean much if 99% of npcs buy xmr off exchanges and with kyc. as network grows bigger it attracts more normies who lack depth so the % of tainted exchange txs grows with network. i have none.

Anonymous Sun, Oct 11, 2020 01:11:42 No.23186080

>>23186013
Wtf use case do you want? Are you a government entity that’s trying to pay off the assassinations of high level people? If so, you can fuck right off. This is the people’s coin and we just want to transact in private peace, not order 7 figure assassinations wtf is wrong with you. PS you can send more the one transaction to exponentially increase your denominator dumbass.

>>	Anonymous Sun, Oct 11, 2020 01:13:30 No.23186107 >>23186067 Lol buying off an exchange is not a transaction. It’s still in the same fucking exchange wallet... it’s just assigned to a user. If it leaves the exchange, POOF, it’s gone.

>>	Anonymous Sun, Oct 11, 2020 01:14:29 No.23186123 >>23185853 >either be "absolute" private as cryptography is or private for groceries like xmr is ok you're retarded

Anonymous Sun, Oct 11, 2020 01:17:13 No.23186164

>>23186067
Fluffypony’s “boating accident” renders surveillance using on-ramps almost useless. They can’t prove that you still have the XMR... sure they can find some BS way to pressure you, but they’d have to beat the private key out of you to get it if it’s stored properly. Is that another privacy flaw? Should XMR stop wrench attacks too?

>>	Anonymous Sun, Oct 11, 2020 01:17:46 No.23186169 >>23186000 >Btw thanks for bumping our thread Unironically this and also he highlights some important points about OPSEC despite being a complete sperg.

>>	Anonymous Sun, Oct 11, 2020 01:19:55 No.23186187 >>23186067 >im not upset Theres no reason to lie on an anonymous Japanese karaoke enthusiast forum

>>	Anonymous Sun, Oct 11, 2020 01:21:24 No.23186205 >>23186169 Yes, maybe schizo fudder is trying to give OPSEC tips in a non-incriminating way while also forcing us to breadcrumb for normie biz readers.

>>	Anonymous Sun, Oct 11, 2020 01:23:11 No.23186220 >>23177999 checked. got into monero after the wannacry news in 2017, that's when I knew literally any coin that isn't XMR is a 100% shitcoin

Anonymous Sun, Oct 11, 2020 01:23:50 No.23186227

>>23186187
>>23186205
to me it sounds like he's an old time, og, holder of monero who sold low do to to fear from the covid crash and so that nows is desperate to get his position back to the point where he convinced himself that monero is actually a shitcoin

Anonymous Sun, Oct 11, 2020 01:24:13 No.23186235

>>23186080
yeah and then u stand out due to tx amount on network layer.

again. monkeys inside the zoo pretending to have freedom because the zookeeper convinced them other monkeys want to steal their bananas when in actual reality zookeeper doesnt want them to know they are keeping track of their bananas to control them.

are u able to understand what privacy means retard? where is it neccesarry? when u want freedom. now who is taking away ur freedom? is it ur friend whom u transact with? is it some guy on other side in whoms interest is to please u so that u come again and leave good feedback? N O. its the big brother that controls u. its the big brother government and other authority figures stealing away from u. they run the zoo. if i want privacy then i need a tool which can give me that over big brother. because big gov brother is the one taking away my freedom. not other people. people agree to mutally beneficial things that benefit both.

>>23186107
gone and that tx has 0 ring members privacy. it tainted the whole network and any tx that includes it is also tainted. now u will come back with just churn it!! so i say this is another loophole edge case which shouldve been solved moving away from ring sigs casino and it would wastly improve privacy. but not happening. ever.

>>23186123
nice argument retard

>>23186164
read above. surveilance onramps permanently taint the chain in the future due to rng of ring sigs like a octopus poisoning the whole aquarium.
>>23186187
im chilling in bed fixing my neck retard. how can u self cope so hard to project onto another person who is trying to not get u hard rekt in jail just to keep going.

Anonymous Sun, Oct 11, 2020 01:25:47 No.23186254

>>23177999
I got into Monero when I started reading white papers for cryptocurrencies instead of picking the most adopted or most hyped coin. CryptoNote (XMR) white paper highlighted deviations from original BTC white paper and offered proven solutions. Didn’t even bother with tokens.
>inb4 pinkies swarm

Anonymous Sun, Oct 11, 2020 01:27:38 No.23186277

>>23186227
im an old time og yes. since 2010. i hanged out with actual privacy btc cryptoanarchists like amir taaki and slush. being old time og im also high rank link "marine" altho thats a disgusting claim even to post due to thots wearing link shirts. rick and morty tshirt faggots in link. nigg being praised into a meme. some retards performing selfdoxing buying link bed sheets so their whale swollen gf can titanic on em for twitter bragging pic etc. so no idc about $ fudding.

>>	Anonymous Sun, Oct 11, 2020 01:27:41 No.23186278 >>23186235 How does one stand out with one-time addresses? Maybe you should read more about Monero and then come FUD us. It does the body good when criticisms are based on well-researched critiques

>>	Anonymous Sun, Oct 11, 2020 01:29:29 No.23186305 >>23186277 so you're a retard that didn't sell at 20? I bought LINK at 17 cents and sold at 20, now all in on monero for the markup that is coming from this accumulation, buy low sell high gg

Anonymous Sun, Oct 11, 2020 01:30:15 No.23186314

>>23186278
what does it matter how many rolls u do on a rigged dice? thats ur one time address. the ring txs are tainted by the moment. that one exchange tx taints the whole chain. not just once by being stored. every single tx which includes it has weakened privacy. and every next tx that includes either this or exchange tx has weakened privacy. notice the tainting octopus effect? fucking worms.

>>	Anonymous Sun, Oct 11, 2020 01:31:43 No.23186331 >>23186305 >selling ((( democracy))) 2.0 new money printing machine while u sleep for temp gains i hope u didnt. i accumulated more.

>>	Anonymous Sun, Oct 11, 2020 01:32:46 No.23186340 >>23186331 lmao ok, thanks for buying my bags

>>	Anonymous Sun, Oct 11, 2020 01:34:41 No.23186364 >>23186331 Link is a token scam.

Anonymous Sun, Oct 11, 2020 01:35:05 No.23186369

>>23186314
that's not how stealth addresses work. You can't follow them. In fact, you can make a new stealth address for every single transaction. All the exchange would know is that you sent monero off of an exchange at a certain time but they would have no idea if you sent it to your personal wallet or someone else.
Monero doesn't have taint. You can't verifiably prove that monero was sent from person a to b.
Second, because of the mandatory mixins, the transaction you sent can then be used by any other node in the network, meaning it will appear in mix ins for other people.
You fundamentally do not understand how Monero works, yet you continue to act like you do.

>>	Anonymous Sun, Oct 11, 2020 01:36:00 No.23186380 >>23186331 Why are you using the Jewish parentheses around something you're trying to advertise as good?

Anonymous Sun, Oct 11, 2020 01:36:34 No.23186384

>>23186340
imagine selling a share of a project providing a permanent guaranteed decentralized secure tamperproof observed value of any type of data at that time point and buying into a project whos two main phd crypto researchers got shut down by cia when other project acquired Ari Juels as chief for their dedicated cryptography research lab as permanent role

x
d
d
d
d
d

>>	Anonymous Sun, Oct 11, 2020 01:38:17 No.23186402 >>23186384 >imagine buying low and selling high x d d d d d

Anonymous Sun, Oct 11, 2020 01:43:11 No.23186442

>>23186380
never said its good. its profitable. link is their big project powering the new matrix. just like democracy is decentralized and everyone gets to vote. imagine how much more power we would have if we could control the value of anything at any time and permanently write future with it on the blockchain while we convince and brainwash everyone its decentralized but we own 650mil of tokens being 65% of the network, lmao.

>>23186369
dont have to verifiably prove. probability is how it works. u cant verifiably prove that im an alien but can make a very good guess im not observing the world. the more data u have the more accurate ur guess gets. the more network gets tainted the more privacy is being lowered. we said the same thing. that one exchange tx has 0/12 privacy. any that includes it has 1 ring member less privacy.

>>23186402
i wouldnt sell a seed of a white tulip to buy a hooker like u did

Anonymous Sun, Oct 11, 2020 01:47:09 No.23186488

>>23186442
>but we own 650mil of tokens being 65% of the network

>he dosen't know
they've been selling for over a year, selling 500k a week for months now

>i wouldnt sell a seed of a white tulip to buy a hooker like u did

I would if I made x100 on the tulip and could make another x4 on the whore

Anonymous Sun, Oct 11, 2020 01:47:40 No.23186497

>>23186369
oh and it gets better. u see. scattering 75% of daily txs with automated tainting transactions means i consumed the entire network in dark transactions. thankfully to bulletproofs and really cheap txs and me being a state actor with good cash this costs max $1000 a day. not like it matters what the cost is. but hey atleast daily transactions are increasing!!!

Anonymous Sun, Oct 11, 2020 01:48:06 No.23186504

>>23186384
>whos two main phd crypto researchers got shut down by cia
why do you keep pretending this is fact you fucking cunt. It's going to be hilarious when we get a new researcher by the end of the year.
>>23186442
>dont have to verifiably prove. probability is how it works.
what is beyond reasonable doubt
>cant verifiably prove that im an alien but can make a very good guess im not observing the world
retarded metaphor. I could verifiably prove you were an alien in a court of law but you can not verifiably prove I made a single monero transaction unless you have an absurd amount of metadata, and even then you wouldn't be able to prove what wallet I sent it to unless that wallet was also compromised.
>the more data u have the more accurate ur guess gets.
you are greatly exagerrating how this works based on your misinterpretation of EAE attacks. This requires a collusion between an exchange and a honeypot, and retarded opsec by the target.
>the more network gets tainted the more privacy is being lowered.
this makes absolutely no sense. another example of you rambling incoherent nonsense and trying to sound smart.
>we said the same thing. that one exchange tx has 0/12 privacy. any that includes it has 1 ring member less privacy.
again, learn english you fucking mongoloid. none of what you write makes sense.

night night glownigger. thanks for getting us over 200.

Anonymous Sun, Oct 11, 2020 01:52:20 No.23186555

>>23186488
selling to whom retard. selling to whom.
>>23186504
i dont need verifiable proof. if u are in monero thread writing a 1000 character post its 99.99999% u made an xmr transaction. good enough to pinpoint and profile u further. i dont have to bust u with xmr. just pinpoint u.

theres no collusion between exchange and honeypot. they are the same thing. who do u think runs the exchanges?

>if 2 out of 10 lightbulbs in a bag go broke whats the chance i pick a broken one
>if 5 go broke did the chance increase?
>no! u are a glownigger!! xmr is private!!

Anonymous Sun, Oct 11, 2020 01:57:01 No.23186613

>>23186555
actually they've been using it to pay for nodes as the current demand isn't enough for them to be profitable and the node operators have been selling to the public
well the 500k batches at least, the previous batches were sold for BTC and ETH

Anonymous Sun, Oct 11, 2020 02:00:07 No.23186644

>>23186504
>why do you keep pretending this is fact you fucking cunt.
you seem very upset due to use of multiple insults. im sorry that u are incapable of concluding on ur own people dont just take a vacation out of the blue. both of them. when they write pages long monthly reports. when they talk and communicate with community. when they did this for years. they dont just zap. they get told to zap. if someone writes monthly reports and does video interviews to raise awareness in the community he cares about and then disappears without explanation and his research partner does the same then its clear someone told them to do so and told them to be quiet about it. im sorry i lack mental abilities to conclude this on ur own. but it wont be on CIA blog titled "Here is the proof and source u can link to prove to npc cattle we shut down both xmr researchers and gag silenced them. please spread this out so u can show to the world the source!"

>>	Anonymous Sun, Oct 11, 2020 02:01:16 No.23186655 >>23186613 u didnt tell me to whom yet. i wonder why x d d dD

>>	Anonymous Sun, Oct 11, 2020 02:01:48 No.23186662 >>23186655 I just did though

>>	Anonymous Sun, Oct 11, 2020 02:02:34 No.23186668 >>23186662 so who bought it? was it by any chance top 200 link wallets? o wait

Anonymous Sun, Oct 11, 2020 02:09:14 No.23186737

>>23186668
team sold their LINK to the public in 2019
the team now uses their LINK to pay for node requests as the current demand isnt enough for them to be profitable while keeping the network useable
the nod eoperators sell to the public

if the public like you want to keep on buying high that's good for you but the fact is the project isn't generating actual profit and the circulating supply is increasing

enjoy holding your bags though, I'm sure it makes you happy, I might get a stack back when it bottoms out, after I made loads of profit with monero though

>>	Anonymous Sun, Oct 11, 2020 02:12:01 No.23186771 >>23186737 again. who is the "public"?

>>	Anonymous Sun, Oct 11, 2020 02:22:34 No.23186860 File: 139 KB, 640x720, u.png [View same] [iqdb] [saucenao] [google] >>23186771 >again. who is the "public"?

>>	Anonymous Sun, Oct 11, 2020 02:27:30 No.23186908 >>23186860 so can u tell me who this public is? im curious maybe we can check all top wallets if they are accumulating

>>	Anonymous Sun, Oct 11, 2020 02:41:45 No.23187007 >>23186860 kek

>>	Anonymous Sun, Oct 11, 2020 02:47:08 No.23187046 >>23172887 I am running my own node, but I am using a hdd and not an ssd. Should I move over to an ssd?

Anonymous Sun, Oct 11, 2020 03:29:44 No.23187412

>>23186644
I haven't read the whole thread nor do I understand enough yet technically to make any absolute judgement. Assuming your arguments are true, do you have an alternative proposal? Or is your only point that XMR isn't 100% perfect? If so, would you agree that there are no solutions currently available that are superior?

>>	Anonymous Sun, Oct 11, 2020 03:32:33 No.23187433 >>23187412 He’s talking out of his ass. Brandon took an extended hiatus before and Sarang made it very clear he is burnt out.

>>	Anonymous Sun, Oct 11, 2020 03:38:29 No.23187490 >>23187412 Using Monero is on one part of your OPsec. >>23186908 That guy is nuts.

Anonymous Sun, Oct 11, 2020 03:41:37 No.23187526

>>23187412
the best way to convince a monkey there is no zoo is to make him think this is the jungle.

is not about 100% perfect. no such thing. but about using things that have 10x worst case actual solid verified properties. xmr doesnt have that. my point is if i cant see illegal(not harmful criminal. theres a big differ 6 7 8 figures $ value trades that govs cant shut down its a clear indicator xmr has no real privacy because people who have done their planning for those big figures use something else. if something is good then those whos lives are at stake will use it. and not small fish. they are irrelevant.

>>	Anonymous Sun, Oct 11, 2020 03:41:41 No.23187527 File: 10 KB, 226x223, clover42isoneofus.jpg [View same] [iqdb] [saucenao] [google] >>23172887 XMR is overpriced just like ETH. Clover42, on the other hand, hasn't even had a market cycle. What do you think is going to do better?

>>	Anonymous Sun, Oct 11, 2020 04:42:40 No.23188135 >>23187526 OK so my question is what is the alternative? What are you claiming the people moving big figures are using? Are there no large transactions in XMR (I haven't looked into this)?

>>	Anonymous Sun, Oct 11, 2020 04:45:26 No.23188160 >>23188135 He is saying: 'just use BTC'.

>>	Anonymous Sun, Oct 11, 2020 04:46:24 No.23188169 File: 405 KB, 1080x2280, Screenshot_20201011-014544.jpg [View same] [iqdb] [saucenao] [google] >>23172887 Can anyone tell me what this was?

>>	Anonymous Sun, Oct 11, 2020 04:47:56 No.23188182 >>23187433 >>23187490 I'm just interacting with the arguments made; only barely skimmed the thread. When most of the posts I see are ad hominem, non sequitur, or strawmen I want to ask some questions that allow for real arguments to be made.

Anonymous Sun, Oct 11, 2020 04:48:17 No.23188184

>>23188135
theres no solution to "absolute" private digital cash. so they arent using one. it doesnt exist. some use art. some use bribed banks. offshore accounts. companies. they are going through hoops that fit their risk and capabilities. thats what it means having no solution. each makes their own good enough one.

>>	Anonymous Sun, Oct 11, 2020 04:48:35 No.23188190 >>23188135 There is no way to tell of there are large transactions in monero. All transactions are confidential. There are likely many whales who can make large transactions. There is no way of telling though because wallet addresses aren’t public.

>>	Anonymous Sun, Oct 11, 2020 04:51:48 No.23188225 >>23188190 directly no. indirectly yes. big whales means alot of s all fish those whales swallowed. not with 16k daily txs tho. not with that hashrate. not with that team opsec integrity etc.

>>	Anonymous Sun, Oct 11, 2020 04:57:21 No.23188277 File: 255 KB, 1080x1590, Screenshot_20201011-015634.jpg [View same] [iqdb] [saucenao] [google] >>23188169 This too?

Anonymous Sun, Oct 11, 2020 04:57:29 No.23188280

>>23188190
and if u ask why or dont think what i said is real. think about it. multimillionare whales cant depend on 2 mining pools having 70% of network hashrate because it means at any point they can take over the network and all their millions go to 0.

>>	Anonymous Sun, Oct 11, 2020 04:57:51 No.23188283 >>23188184 >>23188190 >>23188225 Ok I'm clear on the arguments being made now, thanks for the clarifications. I'll do my own research.

Anonymous Sun, Oct 11, 2020 05:02:03 No.23188328

>>23188280
I'm going to read the rest of the arguments and do more research some other time, but this specific argument I can understand but completely disagree with. It relies on a flawed understanding of the game theory at play and how it will develop moving forward.

Anonymous Sun, Oct 11, 2020 05:02:17 No.23188331

https://miningpoolstats.stream/monero

top two pools have ~70% (1 ghs of 1.5ghs of network. why the fuck would anyone put millions or multiple millions on a decentralized network in hands of two parties having 70% of control over it???? and if xmr had actual real privacy the value of that would reflect in distribution of hashrate being very spread out because even having 1% of network piece of true real absolute private digital cash would be priceless. especiallly making sure its decentralized

not so much with two pools having 70%

>>	Anonymous Sun, Oct 11, 2020 05:02:48 No.23188334 >>23188182 >I want to ask some questions that allow for real arguments to be made. You bring up faulty analogons and arguments which are beyond the possibilities of a crypto currency.

>>	Anonymous Sun, Oct 11, 2020 05:04:54 No.23188347 >>23188328 it wont develop.its not profitable to try and gain % of that network piece its equivalent to solo mining. u check that decentralized claim and see 70% being in hands of two pools and peace out from xmr

Anonymous Sun, Oct 11, 2020 05:04:57 No.23188348

>>23188280
It takes a hell of a lot more than a few million to take over the monero network. If that’s all it would take you would have have seen that by now.
You have no idea how many whales there are. There are many people sitting on large some of monero. There are vendors that accept monero and hold it. There are people with bitcoin who coin swap into monero. The demand for monero on bisq is very high. There are literally millions of transactions. There are people who have mined monero since 2014. Etc etc.

>>	Anonymous Sun, Oct 11, 2020 05:05:04 No.23188349 >>23188334 I didn't make any analogies or arguments. I literally only asked questions.

>>	Anonymous Sun, Oct 11, 2020 05:08:24 No.23188368 >>23188349 Sorry, I wanted to reply to that guy >>23188347 Phoneposting

>>	Anonymous Sun, Oct 11, 2020 05:08:29 No.23188371 Check xmr/btc graph my bizraelis. If you aren’t in Monero it’s not too late to join before this breakout

Anonymous Sun, Oct 11, 2020 05:09:30 No.23188381
File: 309 KB, 1423x918, 20201011_110603.jpg [View same] [iqdb] [saucenao] [google]

>>23188348
millions to start from 0. or just taking over those two pools so being a parasite rather than starting from scratch.

seems pretty decentralized. o wait x
d

the reason its not being attacked is because the most powerful adversary is in control already. two pools 70%. nice decentralization.

Anonymous Sun, Oct 11, 2020 05:12:51 No.23188415

>>23188331
>>23188347
Again the other arguments I haven't read but the game theory at play here I understand very well. None of what you said discounts decentralization although I can see why it would appear that way. Am I right in assuming you're negative on BTC as well then? Are you not in favor of any crypto currency or if you are, what do you like? What medium do you trust your assets in?

Anonymous Sun, Oct 11, 2020 05:13:08 No.23188420

>>23188348
all u do is make claims without evidence or those claims being reflected anywhere. i make no claims just point out the truth u can verify urself. a truly decentralized digital private cash would have more distribution of it. it doesnt. there would be constant wars over hashrate of miners. there isnt.

>>	Anonymous Sun, Oct 11, 2020 05:15:23 No.23188435 >>23188381 >or just taking over those two pools Lol. Yes. A very simple task. Enlighten us on how you just take over these two pools with literally 10000+ miners contributing their cpu power.

>>	Anonymous Sun, Oct 11, 2020 05:16:03 No.23188444 >>23183071 kek. this is so bad its good

Anonymous Sun, Oct 11, 2020 05:16:13 No.23188446

>>23188415
none. trusting something means u are offloading your survival and well being outside of ur mind where it cannot be manifested in combination of awareness wisdom knowledge power skill all at once. theres no democracy privacy or decentralization. buzzwords to keep monkeys in the zoo continue to chase bananas.

my assets are my body and mind. everything else is worthless

>>	Anonymous Sun, Oct 11, 2020 05:17:39 No.23188456 >>23188435 literally 10000+ miners consolidated into two centralized points.u forgot that part.

>>	Anonymous Sun, Oct 11, 2020 05:18:15 No.23188459 does monero have smart contract capability?

Anonymous Sun, Oct 11, 2020 05:24:35 No.23188514

>>23188456
They are not in centralized points. These aren’t mining warehouses. They are people contributing around the world. They support the monero network with electricity and their money because of that. Why would they be irrational and work against that? Miners support the network because they financially benefit from that. As the other anon said it’s game theory.
No, if you wanted to be an adversary, then you would have to match the cpu power of at least 50 percent of the mining network. This is a lot more than 10000 miners, and would cost tens of millions each day. A very simple task based on your amateurish opinion.

Anonymous Sun, Oct 11, 2020 05:26:05 No.23188533

>>23188446
Ok I hear your argument and understand where you are coming from now but I disagree with regards to the possible utility of crypto. I even fully agree with you on your more philosophical argument on a spiritual level but I don't think that detracts from possible developments in the material world.

>>	Anonymous Sun, Oct 11, 2020 05:29:38 No.23188572 >>23188381 >. two pools control a lot of hash its the same for bitcoin or any other pow crypto.

Anonymous Sun, Oct 11, 2020 05:33:05 No.23188608

>>23188514
but why would u try to defeat the miners if u can takeover their centralized points and have control of the miners votes?? fucking retard. ur so tunnel visioned u refuse to see the whole picture. they are centralized points ran off servers which aggregate thousands of miners across the world. the miners dont get to decide. they put their trust and voting power into the pool which does the final call. not them. the pools do. if two pools do 70% of network call then its not decentralized. u would have to match it if u want to compete against them. if u want to be a parasite you take control of them.

>>23188533
theres is utility for groceries tier value transfer.

>>23188572
almost like theres no actual decentralization because all of these systems exist inside a much bigger one called society on Earth

Anonymous Sun, Oct 11, 2020 05:33:09 No.23188609

>>23188533
To expand a little further I think your argument that your only assets to be trusted are body and mind on a metaphysical level, which I agree could ultimately be the most important. However the discussion is simply about the possible merits of a man-made technology compared to alternatives.

>>	Anonymous Sun, Oct 11, 2020 05:36:14 No.23188647 >>23172887 Zeta is a better hold them XMR.

>>	Anonymous Sun, Oct 11, 2020 05:38:57 No.23188676 File: 11 KB, 216x234, BEA187EB-16FB-4A21-A6E8-199AF8D4C005.jpg [View same] [iqdb] [saucenao] [google] XMR/BTC breakout happening

>>	Anonymous Sun, Oct 11, 2020 05:39:50 No.23188686 >>23188609 there arent any u moron. knowing how to make millions is priceless compared to having millions. is about knowing how to fish and mastering the art of fishing vs having fish.

Anonymous Sun, Oct 11, 2020 05:48:53 No.23188789

>>23188609
retards buy fish and store in fridge (bank)
smarter retards invest or create fish pools ( stock up on things going up in value)
a bit smarter retards buy different food and stock up on it
a master fisherman mastered the craft, the rivers,the fishes, nature, his body and doesnt give a fuck about fish because he can get it anywhere at any time due to his investment in best asset ever. knowledge of survival scaled through thousand hours invested in it.

Anonymous Sun, Oct 11, 2020 05:49:10 No.23188795

>>23188608
>the miners dont get to decide.
Yeah, it’s called joining a pool. Those two happen to be the largest. They would be ditched if their servers were attacked or whatever. Miners check their rigs daily. It could be more decentralized but your simple task of disrupting the network is exaggeration.

Anonymous Sun, Oct 11, 2020 05:52:25 No.23188829

>>23188795
they are ran from warehouses left unmonitored. they would be ditched but the damage would be done. if u can make god bleed then he is no longer god. just a man. forever going forward. xmr is sitting on 70% chance at all times of being taken over. completely.

Anonymous Sun, Oct 11, 2020 05:57:17 No.23188880

>>23188829
Dude you are thinking of ASICS. Most monero miners are independent people who have CPU running as a rig. These aren’t warehouses. The reason they join those two main pools is because it gives them the best chance at making profit.
I don’t mine myself but these pools have a reputation in the community over the past 7 years. If they were to be “taken over” people would move their hash rate elsewhere. The bottom line is to successfully 51% attack monero you will have to match the hashing power of the miners. And this isn’t a simple task which you are deluded in thinking.

Anonymous Sun, Oct 11, 2020 05:57:37 No.23188886

>>23188795
and as u said. they decide whom they trust with delegating their voting power. they dont get to decide what someone will do with that power over network. so why is a decentralized system being operated on delegated trust in centralized authority? and why does that authority hold 35% of entire decentralized network? a decentralized system means all participants decide with ther vote WITHOUT DELEGATING IT TO A CONSOLIDATED AND OR AGGREGATED AUTHORITY.

Anonymous Sun, Oct 11, 2020 05:57:56 No.23188890
File: 140 KB, 500x500, 1331261281362.jpg [View same] [iqdb] [saucenao] [google]

>>23188829
I've been trying to figure something in my head, and maybe you can help me out, yeah? When a person is insane, as you clearly are, do you know that you're insane?

Anonymous Sun, Oct 11, 2020 06:06:16 No.23188947

>>23188886
Dude, what part of independent miners who can switch at any moment don’t you understand? These aren’t central authorities controlling miners. They are just pools that can be ditched at any time.
The bigger issue is hardware centralization which occurs with ASICS because they create a barrier to enter as a miner.

Anonymous Sun, Oct 11, 2020 06:06:18 No.23188949

>>23188880
warehouses have gpus and cpus retard. its irrelevant if pow has asic or not. its a mining device. big fish get discounts on huge amounts of units. be it asic or cpu or gpu. big fish joins pools to be more profitable because its unprofitable to solo mine vs 35% pool. most minera arent independant because big fishes have mass unit discount and basically free electricity. unlike 90% of world that pays big amounts compared to mass miners making them heavily outscale independent miners. THEY WOULD MOVE THEIR HASHRATE BUT THE TAKEOVER WOULD HAPPEN AND IT WOULD HAVE TO HARD FORK LIKE ETH U MORON. its value would go to 0. u only have to match 51% of power if u wish to join the network instead of parasiting it. then u just take control of whats already set up.

>>23188890
depends on insanity levels. being insane but unaware is npc tier insanity. being aware u are insane and being unable to become sane while being alive going forward constantly being in a insanity self aware state is unending stroke blood boiling experienced as nirvana orgasm over and over

>>	Anonymous Sun, Oct 11, 2020 06:07:48 No.23188966 >>23188947 and what do these pools do? what are they doing with all that hashpower given to them?

>>	Anonymous Sun, Oct 11, 2020 06:09:10 No.23188978 File: 471 KB, 2000x2000, 1601485544269.png [View same] [iqdb] [saucenao] [google] >>23188949 thank you, your response has been noted.

>>	Anonymous Sun, Oct 11, 2020 06:09:44 No.23188980 Almost sold my monero stack month ago because of FUD here, thank god I didn’t. When $1000?

>>	Anonymous Sun, Oct 11, 2020 06:10:08 No.23188987 >>23188949 It’s peak delusion to think that all at once everyone independent or warehouse miner is all at once going to decide to collude and tank the value of monero and therefore lose out on their investment.

>>	Anonymous Sun, Oct 11, 2020 06:12:00 No.23189004 >>23188987 im waiting for ur reply. what happens with all that hashing power. what happens then. who publishes the block?

>>	Anonymous Sun, Oct 11, 2020 06:26:42 No.23189167 >>23189004 im mooning!!!!!!!

Anonymous Sun, Oct 11, 2020 06:26:51 No.23189169

>>23189004
The block is mined by whoever mines the block. Large pools incentivize this by combining the hashpower of everyone in the pool and therefore increasing the chance at a block reward. Independent miners, especially those with weaker rigs, join these large pools for this very reason.
What you aren’t getting is that miners have a financial interest to make sure they get the right information. If they were to purposely collude to disrupt the network, then people would lose money. Why would anybody join a pool with dishonest actors? If the servers for one of the major pools was attacked then miners would move to a different pool. And as usual, these blocks would be mined by either a pool or a solo miner. Pools combine hashing power. It’s not like there is some president who views the block result and says “oh ho hum I don’t like the transactions so nay I don’t approve”. It’s all about hashing power.
Why this is bad though is if the servers were to get attacked, then miners would have to move. This is inconvenient and temporarily lowers the hash rate. But that’s it.
To take over the network you need to 51% attack it. And to do that you need a lot of hash power which requires a lot of money.

Anonymous Sun, Oct 11, 2020 06:36:39 No.23189258

>>23188331
>why the fuck would anyone put millions or multiple millions on a decentralized network in hands of two parties having 70% of control over it????
They don't have control of it, they produce the majority of the blocks. If your Monero is parked there is nothing they can do to it. If you made a recent transaction, theoretically it could be double spent but that is not going to happen either.

These are two public mining pools made up of thousands of miners contributing their hash power for a share of the block rewards. If the block rewards stop getting payed out even for a short time, people will notice and move their hash rate somewhere else.

Pulling off a double spend requires creating a longer parallel chain in secret so that in 10 or 30 or 100 blocks, whenever the other party feels safe that their xmr is confirmed and they hand over the million dollars of cash or whatever, then you unleash your longer chain of blocks that you were mining in secret without broadcasting to the network. Then there will be a reorg and you get your xmr back too. That only works if you have the physical hash power because if 70% of the networks hash power doesn't mine a block for 30 blocks, everyone is going to know something is up and move their hash power immediately which is very quick and easy to do.

>if xmr had actual real privacy the value of that would reflect in distribution of hashrate being very spread out because even having 1% of network piece of true real absolute private digital cash would be priceless
You clearly have no idea what you're talking about.

Anonymous Sun, Oct 11, 2020 06:38:01 No.23189270

>>23189169
so if pools combine hashpower they are centralized points.
if they are centralized points then its best thing to attack to gain % of network
so small fish delegates their power to a centralized stronger authority

seems like a centralized system. lets check hashrate distribution of that system. oh 35% by one entity. almost like politics.

miners have financial interest to join whatever is most profitable. they wouldnt join a pool with a dishonest actor. they would join a pool with a dishonest actor pretending to be honest one and gaining more and more network % to consume the network.

>>> if hashing power is backed by independant entities "one cpu one vote with vote being hashing power" and pools combine the hashing power then they are centralized points who are delegated voting power for trust and given authority. <<<<

so. centralized points having 35%

again retarded worm. ur argument is telling me i have to rob every house at the same time to rob people of their salaries. when i can just rob the bank that aggregates all of peoples funds and rob all those people at same time since its a centralized point of aggregation. just like pool. now stop defending this scam.

>>	Anonymous Sun, Oct 11, 2020 06:38:26 No.23189275 File: 416 KB, 800x800, 1563293555568.jpg [View same] [iqdb] [saucenao] [google] is anyone else ITT comfy as fuck rn?

>>	Anonymous Sun, Oct 11, 2020 06:40:48 No.23189290 >>23189275 max comfiness watching price rise and reading schizo posts ITT

>>	Anonymous Sun, Oct 11, 2020 06:45:37 No.23189326 File: 88 KB, 518x518, 16003759551731.jpg [View same] [iqdb] [saucenao] [google] >>23189275 opened a 20x long at 115, in addition to my unknowns. quite comfy

Anonymous Sun, Oct 11, 2020 06:46:51 No.23189339

>>23189258
directly no control over xmr of whales. they have indirect control due to "decentralization" in which every member is affecting other member of that system. how much depends on their % of the system. in this case 35% by one or 70% by two.

if u have control of 70% of network hashrate u can disable it by pretending its mining. u dont have to control it. disabling is enough.

pooled pow mining is an eternal deal with the devil where u give up your soul and have no way out. the bigger that network gets the bigger the slash back of collapse. by the block it only gets worse.
if a decentralized system grows without decentralization/spread of major entities growing proportionally with it then its becoming more and more centralized.

>>	Anonymous Sun, Oct 11, 2020 06:49:04 No.23189360 >>23189339 I don't think understood anything I said.

Anonymous Sun, Oct 11, 2020 06:51:14 No.23189386

>>23189270
I honestly tried explaining how it works to you but you just can’t comprehend it.
> they would join a pool with a dishonest actor pretending to be honest one and gaining more and more network % to consume the network.
Why would somebody waste money pretending to be an honest actor? Fucking Kek.
A dishonest actor would 51% attack the network once they have enough hash power to do that, which would cost millions. You fundamentally just don’t understand what you are talking about. I’m sorry you are crazy. I feel bad for you.
>>23189275
Holy shit just saw the price. Nice!

>>	Anonymous Sun, Oct 11, 2020 06:56:24 No.23189440 File: 428 KB, 769x1285, 0xmonero-chan.png [View same] [iqdb] [saucenao] [google] You guys are so close to the truth.

Anonymous Sun, Oct 11, 2020 06:59:06 No.23189466

>>23189360
i did. all of it. the value of xmr is in hands of two centralized pools having 70% of network control.

>>23189386
they would pretend to be honest to gain % of network control. if they didnt pretend and stated they are dishonest then they wouldnt gain any % of network hashrate retard. as u said.

you two retards keep going about a scenario where they take over the network and then use it for profit. they can do whatever they want with it. the ripple effect of anything is huge. 51%double spend attack is like taking control of the bank and trying to do a deposit in it to your name right there on the spot with gun in ur hand.

they can slow the network down while they do a short leverage with million of dollars. they can take hashrate offline. all of those affect the price in negative way. they have control and means as well as knowledge of what to do for self gain to cause NETWORK WIDE EFFECT DUE TO SCALING OF CONTROLED % OF A DECENTRALIZED SYSTEM.

>>	Anonymous Sun, Oct 11, 2020 07:00:17 No.23189481 >>23188169 >>23188277 RandomX ASIC

>>	Anonymous Sun, Oct 11, 2020 07:02:11 No.23189500 >>23189440 0xmonero is fraudulent trash by a small crew of serial plagiarists. you have to be a scumbag or an idiot to promote it. https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/

Anonymous Sun, Oct 11, 2020 07:03:05 No.23189507

>>23189466
>open million dollar short on 10x leverage
>fake a ddos attack on server causing miners to go offline
>miners go sell their mined coins to compensate for downtime
>price demand drops. sell volume increases. price goes down
>make a few millions if shorting and causing network wide effect due to huge % of control u have in it

>BBBUt they cant 51% attack it!!!

>>	Anonymous Sun, Oct 11, 2020 07:07:11 No.23189551 >>23189507 >have 35% of block production >chink mass miner pays u to reallocate block publishing server to china so he has lowest latency for mining giving him a 5-10% hashrate and profits b but muh 51% attack!!!!!

>>	Anonymous Sun, Oct 11, 2020 07:09:38 No.23189575 File: 19 KB, 409x393, 2323245252.jpg [View same] [iqdb] [saucenao] [google] >>23189507 yes 'just open a 1 million dollar short' >ask me how I know your poor

Anonymous Sun, Oct 11, 2020 07:09:39 No.23189577

>>23189551
>chink miner now can cause mass price swings with dumps on demand because he has permanent 10% hashrate reward and those profits only make him invest more and more into hashrate giving him more and more control.

but its ok he cant 51% attack the network with a double spend. x
d
d
d
d

Anonymous Sun, Oct 11, 2020 07:10:49 No.23189590

>>23189466
>i did. all of it.
Obviously not.

>you two retards keep going about a scenario where they take over the network and then use it for profit
Because that is the most they could do

>they can do whatever they want with it
Not for long, no. You still haven't grasped the point that these are pools, not physical miners. Whatever the doomer youtubers are telling you about btc 51% attacks don't apply in this situation. If a group of Chinese had physical control of 70% of the hash power like with bitcoin then you would be at their mercy until you change hash algorithms. Since these are only pools they need to do exactly what their miners expect them to do or they will be out if business immediately. They would have one shot at a small reorg for the price 0.7% of all future xmr mining rewards and that's if they even manage to get organised and cooperate. I'd say you're crazy but you're just misinformed and dumb.

>>	Anonymous Sun, Oct 11, 2020 07:11:05 No.23189593 File: 75 KB, 480x853, 1600450486627.jpg [View same] [iqdb] [saucenao] [google] >>23189326 very nice

Anonymous Sun, Oct 11, 2020 07:17:05 No.23189646

>>23189551
chink now has so much money and profit he creates a second pool which serves as distraction of there being two independant pools ran by different entities because he saw people posting on reddit one pool is gaining close to 50% network control

now he is growing over 50% on two pools everyone thinks are decentralized and he is getting more powerful by the minute.

>>23189575
a million dollar short is nothing u retard. its called chunks spread across multiple easily available apis of exchanges.
>>23189590
U FUCKING WORM IF UR GOAL IS TO TAKE CONTROL THEN U KEEP THE SYSTEM ALIVE NOT TAKE IT DOWN TO ZERO BY SHOWING TO THE WORLD U HAVE MONOPOLY CONTROL OF IT. IF I HAVE CONTROL OF THE SYSTEM THEN I WILL DO MY BEST TO KEEP THE SYSTEM ALIVE AND HAVE IT GROW BECAUSE THE BIGGER IT GETS THE MORE POWER I HAVE SINCE IM IN CONTROL. THE BIGGER IT GETS THE MORE SMALLER BREADCRUMS TURN INTO WHOLE FUCKING PASTRY NOT JUST THE CAKE. ITS EFFECTS OF ANY SYSTEM. ALL U NEED IS CONTROL OVER IT THATS ENOUGH TO CAUSE BIG ENOUGH CHANGE. BE IT 10% CAUSING 0.01$ PRICE CHANGE ENDS UP BEING MILLION DOLLAR PROFIT BECAUSE U HAVE CONTROL AND CAN TIME IT. NOW U SEE AND SNAP OUT OF THE CIA PSYOPS DONE ON UR MIND TO PARROT LIKE A FUCKING BROKEN VACCUM CLEANER ABOUT UR 51% DOUBLE SPEND ATTACK.

Anonymous Sun, Oct 11, 2020 07:19:02 No.23189668

>>23189507
>short on 10x leverage
Crypto markets aren't that rational about fundamentals but they are very rational about making money. Whales are just going to liquidate you, take your money and use the price boost to dump on noobs. And the mining attack will resolve itself quicker than all that will play out, because like you've been told a million times ITT, it's not a big deal.

Anonymous Sun, Oct 11, 2020 07:23:22 No.23189711

>>23189668
except u have more power than whales and u just confirmed what i said.

whales want more money. more than anyone.

>hello whales i have 35% of network if we all go short and i cause 100ms block delay it will cause a price swing and we all make millions.

IT CANT RESOLVE BECAUSE U ARE IN CONTROL OF NETWORK RETARD U ARE THE NETWORK THAT U ARE ATTACKING WHEN EVERYONE IS LOOKING FOR THE ATTACKER.

>>	Anonymous Sun, Oct 11, 2020 07:25:29 No.23189732 File: 8 KB, 236x207, 16019914314819.jpg [View same] [iqdb] [saucenao] [google] >>23189646 >>23189711 You clearly don't understand either the market or tech side of this, so you probably should just stop now.

Anonymous Sun, Oct 11, 2020 07:27:55 No.23189762

>>23189668
remember how whales got private ico deals
remember how youtubers had private deals with bonuses
remember how they all partnered behind the scenes?

thats the real crypto smoke and mirrors behind decentralization not real where those who have % of network eat the small fish to get more % of network

>>23189732
good thing its not about my understanding but the facts u cant deny. is 35% of hashrate controlled by one pool? is that my understanding or is it there on xmr websites retard.

>>	Anonymous Sun, Oct 11, 2020 07:32:04 No.23189807 File: 120 KB, 1092x1050, brainlet-smiling.png [View same] [iqdb] [saucenao] [google] >>23180385 >normal people use zcash. Normal people use fiat USD you retard.

>>	Anonymous Sun, Oct 11, 2020 07:33:12 No.23189821 >>23189762 No brainlet, you're confused about what having control of that hashrate allows you to do, and are very confused about how one might use that control to make a quick buck.

Anonymous Sun, Oct 11, 2020 07:35:18 No.23189839

>>23189646
>U FUCKING WORM IF UR GOAL IS TO TAKE CONTROL THEN U KEEP THE SYSTEM ALIVE...
Thought you were telling me this was about more than double spends? Look man, I know you're probably not up for it but you're going to need to walk through a specific theoretical attack that would actually work because "breadcrumbs becoming a whole fucking pastry" isn't something I can refute.

>chink now has so much money and profit he creates a second pool which serves as distraction
Creating pools doesn't take much money and in times of confusion people are going to be extra vigilante. Very small miners will likely mine to a new pool setup by a trusted community member and many people would solo mine.

>>23189711
>U ARE IN CONTROL OF NETWORK
How are you not getting this? Pools do not have control for any longer than miners give it to them. Miners are in control of where their hashrate goes and pools are their bitches that better act correct.

Anonymous Sun, Oct 11, 2020 07:35:53 No.23189845

all of u got hard psyopsed into believing 51% double spend attack is what the goal is. thats implies scorching the entire network control down for one shot at printing cash in plain sight. which is completely opposite of what someone with goal of gaining control wants. they want the system to keep growing since they obtained control. not take it down. they want to remain hidden in plain sight. not expose themselves and destroy the whole network.

why is this so hard to grasp?

>>23189821
u cannot snap out of double spend. if u can cause delay in tx or block propagation u cause price swings. price swings are network control. fucking deformed worm.

its about network % control.

Anonymous Sun, Oct 11, 2020 07:47:55 No.23189985

>>23189839
again with double spend. do u understand what delay in block or hashrate means? theres as many attack vectors on network as there are properties of it. not just double spend.

i never said second pool will be created in times of confusion retard. they mine where its most profitable. and thats spot nr 2 on hashrate.

pools are like politicians retard. they do what miners or voters want. but lowest amount of it just enough to keep them. miners dont care if they individually lose 1$ of profit. but that $1 of profit multiplied by 35% of hashrate is millions in profit and same amount of network effect
its multiplication by mass % that matters. 10% tax or 10.1% tax is 0.04$ difference but multiply that by 35% of state and thats billions. so is 35% of network. thats how scaling works. a miner is individual entity who has 0.000001% of network. and so is other miner with about same %. they are competing against eachother in a pooled mining system which means they will never union because both want % for themselves. but pool is the one who combines millions of 0.0001% miner votes giving it control over network.

nice decentralization faggot. delegation of power means u are giving it away based off trust for future positive outcome. meaning u are stripped of it until next checkpoint aka block for ur share. what happens inbetween miners dont give a fuck aslong as their share is received. if they cared alot about their power they wouldnt delegate it to pool. because then they would be aware u can abuse that collected pooled power to impact the network for self profit if u cause intentional effects on it which u can due to miners not caring abour having constant power. just paychecks

>>	Anonymous Sun, Oct 11, 2020 07:49:56 No.23190001 >How are you not getting this? Pools do not have control for any longer than miners give it to them. so miners are giving away their power and control. all i needed. >>23189845

Anonymous Sun, Oct 11, 2020 07:50:45 No.23190006
File: 123 KB, 942x943, 1602048707634.jpg [View same] [iqdb] [saucenao] [google]

>>23189845
>control of the network isn't about double spend or fucking with price
>controlling the price is the goal of controlling the network

you see how you make no sense?

>>	Anonymous Sun, Oct 11, 2020 07:53:44 No.23190033 >>23190006 i never said controling the network isnt about price. it is. price is easiest way to profit. i said that control isnt about double spend profit.

>>	Anonymous Sun, Oct 11, 2020 07:55:44 No.23190062 >>23190033 when u have control u dont double spend because that reveals u have control of the network. and then network falls apart. so does ur power and control.

>>	Anonymous Sun, Oct 11, 2020 08:00:45 No.23190126 >>23190062 and it's been explained many times, that any other fuckery you do the manipulate the price will get immediately noticed and your pool abandoned just a quickly as a double spend.

Anonymous Sun, Oct 11, 2020 08:05:46 No.23190187

>>23190126
if people had so much integrity they wouldnt give up that power. but they do. as i said. the more % power u have the more invisible your actions are because it gets smaller and smaller per miner but bigger overall due to % of network scaling factor.

so where did i claim network control isnt about price ? fucking worm tier psyops.

also

>immedietly noticed
remember how xmr had asics for months and people who claimed they were asics got called insane until bitmain went public few months after raping and milking $$$ with 80% of network hashrate?

good thing it was immediately noticed.

Anonymous Sun, Oct 11, 2020 08:11:49 No.23190257
File: 1.45 MB, 4000x4421, 1602014701905.jpg [View same] [iqdb] [saucenao] [google]

>>23190187
you'll get no more chasing circular arguments out of me. Everything you keep saying has already been addressed repeatedly above.

This is once again a comfy XMR thread

>>	Anonymous Sun, Oct 11, 2020 08:14:33 No.23190295 >>23190257 schizo came. schizo stood at the center of arena and taunted all of reality. there was no one to conquer him.

Anonymous Sun, Oct 11, 2020 08:18:59 No.23190353

>>23189845
>delay in tx or block propagation u cause price swings
They absolutely do not. No one is looking at the network and saying "oh look block propagation is 5% slower today, I'm downgrading my valuation and selling some xmr". No one cares until it matters and when it matters the pools are disgraced and abandoned.

Also, either of those actions you mentioned, while having zero effect on price, actually would lower the profits of miners slightly and they would be the first to notice and move. Your entire theory is backwards for this "attack".

>>	Anonymous Sun, Oct 11, 2020 08:20:11 No.23190373 >>23190295 naturally that is your conclusion. I'm confident the sane anons will draw their own.

>>	Anonymous Sun, Oct 11, 2020 08:22:14 No.23190396 >>23190353 they care about their transactions confirming retard. not about block propagation directly. deformed subhuman worm.

>>	Anonymous Sun, Oct 11, 2020 08:23:26 No.23190408 >>23190373 yeah theyll read ur claim about network takeover effects being noticed immediately then remember xmr had private asics having 80% hashrate for months being unnoticed x d d d dd

Anonymous Sun, Oct 11, 2020 08:28:03 No.23190462

>>23190396
You retard. IF the miners know which transactions are yours and IF the two pools with 70% of the hash rate collude to never include your transactions in their blocks, that means your average first confirmation time will go from 2 minutes to just over 6 minutes (still faster then btc). Annoying at worst and most people won't even notice.

Anonymous Sun, Oct 11, 2020 08:29:32 No.23190480

>>23190408
last reply you get from me.
How do we know about the hashrate being 80% asics if it was 'unnoticed' It's a repeated concern in the community, anons will know this?
Also, asics hashpower is not at all equivalent to a bad actor operating and manipulating a pool.

Anonymous Sun, Oct 11, 2020 08:34:56 No.23190544
File: 56 KB, 597x519, 1601617187562.jpg [View same] [iqdb] [saucenao] [google]

>>23172887

i want to literally kms i just sold 2 months ago for like 82$ at least i was good in plus...

where is this shit going?

I was cost averaging literally the last 3 years and now it seems to project 4 digit numbers in price terms???
what the fuck you fuking niggers stop pumping so i can buy back in.

Anonymous Sun, Oct 11, 2020 08:36:40 No.23190559

>>23190462
i never said they target a single transaction. just block delay of network. keep trying little worm.

>>23190480
it was analyzed too bad u dont do any actual research. they are both about entity having hidden control overtaking the network.

>>	Anonymous Sun, Oct 11, 2020 08:36:49 No.23190563 >>23190396 >>23190462 ...and most importantly, a roughly 0% chance of happening. Give up, schizo.

>>	Anonymous Sun, Oct 11, 2020 08:38:44 No.23190581 File: 784 KB, 721x487, Fluffy Pony Monero.png [View same] [iqdb] [saucenao] [google] >>23190544 I really hope you're just trolling. Crypto is about buying hodling until you've made it, fren.

>>	Anonymous Sun, Oct 11, 2020 08:40:12 No.23190602 >>23190559 No one cares about block delay except miners, which I already stated very clearly. You are oscillating between two arguments and I have refuted both.

>>	Anonymous Sun, Oct 11, 2020 08:42:23 No.23190627 >>23181529 >You can also create an unlimited amount of addresses for plausible deniability. BIG IF TRUE

>>	Anonymous Sun, Oct 11, 2020 08:44:13 No.23190651 >>23190581 No but i did put my investment in a better place where it generates me income. 8% Yield in a safe business area was too much inviting you know fren? Gonna cost average back np

>>	Anonymous Sun, Oct 11, 2020 08:46:00 No.23190672 >>23190602 blocks are what contains transactions. if people didnt care about block delay they wouldnt pay higher fees for their transactions worm.

Anonymous Sun, Oct 11, 2020 08:49:45 No.23190721

>>23190672
Every scenario you've talked about, the miners would notice (and care) before the users, who who notice before the market. Your entire premise is there is something the pools could do to affect the market without the miners noticing or caring. Ipso facto, you're fucking wrong.

>>	Anonymous Sun, Oct 11, 2020 08:55:23 No.23190801 I can't wait for XSN to become real and allow cross chain transactions. I bet that there are a ton of people waiting for a chance to get monero without taking the risk of having a CEX wallet tied to the very first transaction.

Anonymous Sun, Oct 11, 2020 08:55:51 No.23190810

>>23190721
if miners cared about integrity of that power beyond being paid they wouldnt give it away. the block delays are minute scale for a reason. so are fees. so is everything else. the network changes are not random or decentralized. they are controled and caused for profit.

miners dont care as long as they are in profits. remember when eth dao got hacked and miners went where profit was? miners dont care about integrity

Anonymous Sun, Oct 11, 2020 09:03:33 No.23190910

>>23190810
>if miners cared about integrity of that power beyond being paid they wouldnt give it away
They're not giving away power, they're outsourcing block creation.

>the block delays are minute scale for a reason. so are fees. so is everything else. the network changes are not random or decentralized. they are controled and caused for profit.
Do you think miners/pools decide these things? They don't.

>miners dont care as long as they are in profits
And every "attack" you suggested would reduce their profits so they aren't going to happen.

>>	Anonymous Sun, Oct 11, 2020 09:10:07 No.23190993 >>23189985 Nobody refuted your point. I'd rather believe in the paranoid schizo

Anonymous Sun, Oct 11, 2020 09:10:50 No.23191002

>>23190910
they are delegating it based on trust in authority being pool expecting reward. so giving it away per block.

>Do you think miners/pools decide these things? They don't.
they do when they want to since they are in control. they can drop a block. they can publish that block from another low hashrate pool and steal it. no one would know.

>And every "attack" you suggested would reduce their profits so they aren't going to happen.
as i said. their individual profit is reduced by amount in 3rd decimal which doesnt impact them individually.
but combined with huge scaling of % wide network hashrate that results in millions of $

keep trying little worm you are almost on ground level instead of being insignificant nothing underground one.

Anonymous Sun, Oct 11, 2020 09:16:59 No.23191091

>>23190993
I refuted it in other replies since that post was too convoluted for any if it to be worth directly quoting. The guy is literally in his own world. I used to think schizos were fun but I grew to hate them when I realised they just waste your time.

>>	Anonymous Sun, Oct 11, 2020 09:18:51 No.23191126 >>23186384 Data is priced in Bitcoin or even Monero. Link is literally retarded and a scam.

>>	Anonymous Sun, Oct 11, 2020 09:19:12 No.23191133 >>23191091 >pool is responsible for publishing a new block >pool is not in control or able to decide what they do with that block why are u so fucking dumb?

>>	Anonymous Sun, Oct 11, 2020 09:21:00 No.23191158 When smart contract?

Anonymous Sun, Oct 11, 2020 09:21:28 No.23191164

>>23191002
>they do when they want to since they are in control
Again, no.

>no one would know
Many, many people would know.

>their individual profit is reduced by amount in 3rd decimal
It doesn't work like this...

>doesnt impact them individually
...but it would impact them. There are people running large operations pushing for every micro gain they can get out of their miners. They care a lot more than users and the market which is the only thing that matters fuck you I keep repeating this fucking get it through your head

>>	Anonymous Sun, Oct 11, 2020 09:23:53 No.23191195 >>23191133 I could shoot someone in the head right now, I have the power but I'm not going to because that would be retarded. Pools fucking with things would be even more retarded.

>>	Anonymous Sun, Oct 11, 2020 09:24:56 No.23191209 >>23187412 Hes literally been btfo the entire thread.

Anonymous Sun, Oct 11, 2020 09:28:43 No.23191258

>>23191126
data is valued based on its accuracy and security retard. xmr and btc are just ledgers of imaginary coins made from valid hashes. BTC cant tell me the price of gold at 9.11. date. chainlink can with a 99.99999% guarante of it being true.

>>23191164
why cant u prove what you keep on parroting worm?

is pool source ran on server with closed source code none can verify? even if its open source you cant know thats the code running publishing the block.

ur refutal to this is "Again,no"
where is some solid ground? pools have luck property. literally a casino. sometimes its bad luck. sometimes its intentional bad luck and random 0.5% share hashrate pool finds the block. but that block is stolen off main pool and pool owners keep the reward. ofc they wont publish it from main pool.

so far u keep barking but cant bite. at all.

>>23191195
why absolute scorched earth scenarios? as i said before. its about hiding in plain sight so u dont lose control. ur scenario is nothing but u fuming to the point of mental breakdown because ur little privacy project is worthless shit.

>>23191209
can u verify what code is ran on pool server publishing the block to network? yes or no?

>>	Anonymous Sun, Oct 11, 2020 09:30:59 No.23191283 >>23191258 Fuck you, schizo. That's all I've got before 404

>>	Anonymous Sun, Oct 11, 2020 09:32:26 No.23191311 >>23191283 Schizo remains unconquerable for he draws his insanity from every mind trapped in the false reality.

>>	Anonymous Sun, Oct 11, 2020 09:33:07 No.23191319 sneed

>>	Anonymous Sun, Oct 11, 2020 09:33:11 No.23191320 >>23188459 Smart contracts as most people understand them are fake and gay.

>>	Anonymous Sun, Oct 11, 2020 09:41:24 No.23191427 File: 227 KB, 332x313, kek2452546.png [View same] [iqdb] [saucenao] [google] >>23176309 >Nord VPN >in a monero thread

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