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File: 319 KB, 847x1200, monero waifu.png [View same] [iqdb] [saucenao] [google]
24320833 No.24320833 [Reply] [Original]

Welcome to XMR General, dedicated to the discussion of the world's leading privacy-coin!
Because Monero is secure, low-fee, and borderless, people can easily send money despite corrupt and broken governments or banks. This provides economic empowerment of individuals in oppressive countries or depressed economies.
Private financial history protects consumers and companies from price manipulation, supply chain exploitation, economic discrimination, or the like. Monero is the only cryptocurrency that has the features to serve as completely fungible, decentralized, electronic cash.
If you're new, feel free to ask any questions you like and a Monero Chad will be with you shortly.

WHAT IS MONERO?
https://web.getmonero.org/resources/about/
https://www.youtube.com/watch?v=8quGD9W7B2I&vl=e

HOW TO STORE MONERO:
https://www.getmonero.org/downloads/ < Full GUI wallet, for your PC
https://cakewallet.com/ < A simple, phone friendly wallet


WHERE TO GET MONERO?
https://bisq.network/ <Trade Bitcoin for Monero completely anonymously over Tor, decentralized. Slow but completely private!
https://cakewallet.com/ <Trade Bitcoin for Monero through a centralized exchange built into the wallet!
https://localmonero.co/?language=en <(Always look for vendors with lots of good reviews)
https://coinatmradar.com/bitcoin-atm-near-me/ <Crypto ATM locations
https://kycnot.me/ <Exchanges and services with no KYC requirements
https://web.getmonero.org/get-started/mining/ <A brief introduction to PoW Mining.

STATS:
https://moneroblocks.info/stats/transaction-stats < Monero Daily Transactions

>> No.24320897
File: 47 KB, 1197x1010, 1605127322330.png [View same] [iqdb] [saucenao] [google]
24320897

Unknown amount checking in

>> No.24320904

>>24320833
checked. why is monero chan so based?

>> No.24321047

XMR is a honeypot, use 0xMR

>> No.24321057

>>24320833
Monerochan looking kawaii

>> No.24321080
File: 221 KB, 792x797, 0xmonero-shit.png [View same] [iqdb] [saucenao] [google]
24321080

>>24321047
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
shut up
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/

>> No.24321210

>>24321047
>XMR is a honeypot
...with an unknown quantity of honey, in an opaque container that can only be used by the bees.

What a great danger for our democracy.

>> No.24321230

>>24321080
Yes, please read the summary of findings where the benefits of using 0xMonero are clearly outlined and 0xBitcoin shills are exposed.

>> No.24321245

https://www.youtube.com/watch?v=aC9Uu5BUxII

>> No.24321253
File: 39 KB, 588x823, 1.jpg [View same] [iqdb] [saucenao] [google]
24321253

>>24321047
warning to all noobs that this poster is a known Indian scammer who tries to shill his 0-volume shitcoin on every Monero thread.

>> No.24321268

>>24321230
Benefits of using something used only by scammers : 0

>> No.24321293

Love XMR.. serious question though.

Homeland security are working with Cipher Trace, a company that says they can trace Monero now.

Is this legit?

And I noticed there was an attempted Sybil attack a few weeks ago.. was this connected to Cipher Trace at all?

>> No.24321359

>>24321293

We currently don't know who was behind the attempted Sybil attack, but we do know that it failed miserably and we are very happy that it has demonstrated the resiliency of our network.

As for CipherTrace, the CEO tweeted 3 days ago that "no one can trace Monero deterministically yet" and the IRS refused to give them a contract to trace Monero. It is presumed that they are building a tool which gives probabilities of transactions originating from certain addresses, which has been a known technique for years. It's also been known that it is not feasible to trace transactions for more than a few hops this way before your "most likely candidate" has a likelihood of 0.0001% of being the originator of the transaction.

Source on CipherTrace CEO tweeing that nobody can track it: https://twitter.com/davejevans/status/1330008956270374918

>> No.24321437

>>24321359
Great reply, thanks for the info.

>> No.24321689

>>24321437
If you are interested in learning about all the known attack vectors on Monero, check out the series "Breaking Monero" (link at the end of the post.)

Lucky for us, and spoiler alert, none of the known attacks would actually break Monero. Some attacks described in this series are complex, but others are simple things like "if you share the same withdrawal address across exchanges, then they can infer that you are the same person if the exchanges share data with each other." Best use of XMR entails generating a new subaddress for each transaction, something you probably know if you love XMR.

In short though, of all the known attacks on Monero's privacy, none of them are good enough to "get the job done" and truly break it. They have been analyzed deeply. Here is the link to the series if you are interested: https://www.youtube.com/watch?v=WOyC6OB6ezA&list=PLsSYUeVwrHBnAUre2G_LYDsdo-tD0ov-y&index=1

>> No.24321749

>>24320833
bump

>> No.24321766

>>24321047
Hi Ranjeet

>> No.24321775

>>24321766
>id is Sex

based

>> No.24321790

>>24321766
checked also based id

>> No.24321806

>>24321689

Super interested. Checking it out now.

>> No.24321834
File: 425 KB, 2274x1416, 10.jpg [View same] [iqdb] [saucenao] [google]
24321834

It is quite hard to find a good platform for investing. With this btc rising there are a lot of new projects and most of them are cheating.

Came across duckdao.io crypto incubator, looks trusty, what do you think about it?

>> No.24321845

>>24320833
What is the suicide stack for xmr?

>> No.24321851

>>24321845
unknown amount

>> No.24321859

>>24321845
an unknown amount

>> No.24321893

>>24321851
>>24321859
Ha ha. But seriously?

>> No.24321948

>>24321845
(((unknown amount)))

>> No.24321961

>>24321893
120

>> No.24321962

>>24321893
5

>> No.24321992

>>24321834
ugh christ man...

such a sell signal, like dec 2017 all over again.

>> No.24322045

>>24320833
what if the guberment decides that they confiscate your money once your converted into fiat? what if guberment says its illegal for businesses to offer payment with xmr?

>> No.24322497
File: 9 KB, 253x199, 13496959.jpg [View same] [iqdb] [saucenao] [google]
24322497

>xmr thread

>> No.24322540

>>24321893
21
>>24321992
Can't wait to pick up some cheap moneroj
>>24322045
Where we're going we don't need fiat, what if the government says you can only spend your FedCoin balance at their approved Amazon™ retailer? But on a more serious note your concerns are irrelevant because that would never happen, people used to say the same sort of thing about btc back in the early days when it was ~2b market cap. You are basically getting a second opportunity to buy bitcoin in 2013 and you're spending your time fudding it instead of doing your own research that would put your concerns to rest.

>> No.24322564

>>24321992
I would say it's more similar to dec 2016 though

>> No.24322582

>>24321210
This is extremely dangerous to our Democracy

>> No.24322608

>>24322540
not even fudding fag i think xmr will be an outperformer in the bullrun butttt my questions are legit. you can't conpare btc with monero. btc is a storage for value. monero will be needed to escape the dependency of a bank. how powerful will it be tho? will it overcome the power of banks? will its users go through the risk of not being able to convert their money into illuminati coins without them funds getting frozen? that's the question every investor should ask themselves. blindly believing is not enough

>> No.24322779

>>24322608
true it's a legit question and I think so if we succeed desu, we'll have the death squads coming after us for our $1MM moneroj. But that's quite literally "fear uncertainty and doubt." But maybe not though since the powers that be also need financial privacy, so maybe we'll even see more mainstream acceptance. Institutions love their surveillance-coin btc for now but eventually they'll learn the benefits of an opaque ledger.

>> No.24322849

>>24322779
kinda good point tho but wouldn't they just create their own privacy coin then?

>> No.24322899

>>24322608
Not sure if you've heard, but the Monero community crowd-funded an atomic swap implementation a few weeks ago. It's scheduled to be completed in Q2 2021.

What this will allow you to do is swap between Bitcoin and Monero without any middle-man and any chance of losing money from either party - a trustless exchange from crypto to crypto.

The existence of this type of swap will guarantee that you can "cash out" your Monero, even if it's banned, by trading it for Bitcoin and then selling the Bitcoin.

And there will always be a demand to swap between Bitcoin and Monero because the people who already use it illegally are not going to be deterred by another law - and they will continue doing whatever they're doing. So in short, even if a government bans Monero, it won't stop the trading or the demand for Monero, or the ability to cash it out to fiat through a few steps.

Check this page out for more details about the upcoming atomic swaps:
https://localmonero.co/knowledge/monero-atomic-swaps

>> No.24322996

>>24322849
Who in their right mind would use a government created "privacy coin"
Just as there are coins with better token tokenomics than btc, btc still leads as its the original and its trusted. With longevity comes trust and XMR has that.
I think once newbs cotton onto the fact that btc isn't as private as advertised and xmr.to become more well known btc as a payment method will become less and less and something like monero will take over. The bullrun will also help as well because why would you pay with btc when everyone is telling you it'll moon over the next months / years, you'll use an alternative like xmr

>> No.24323058

>>24322849
I don't see why they would, don't fix what isn't broken. Similar to BTC, XMR has network effect and first mover advantage, and maybe the best technology. I don't think many xmr advocates are like btc maxis though, and if there were true flaws with xmr I'm sure everyone would love to know them.

>> No.24323120

>>24320833
monero is a stupid piece of shit that barely moves in price. fuck you and your larp steampunk faggotry, i want sick gains not this pussy piece off shit coin

>> No.24323245

>>24321689
based Monero guru

>> No.24323302

>>24323120
fuck off newfag. Xmr isn't a moonboy coin, go back to plebbit. XMR is THE coin of the great reset. $unknown by EOY is confirmed

>> No.24323393

So let's talk facts
A month ago some anon said that monero was no longer anonymous and IF the fed wanted to know the details they could.

Lots of people said this so its unlikely its a coordinated fud. Any explanations?

>> No.24324172

>>24323393
If you trade with someone directly from an exchange they can look up the date and amount and correlate things

>> No.24324900

>>24324172
This
It’s just using inference, in some cases they can be 100% sure, but the more convoluted the chains you go through the harder it becomes to trace with enough certainty to catch you if you’re doing something illegal
This is as good as any privacy coin could realistically hope to be.

>> No.24325124

>>24322608
Monero is going to be THE storage of value once atomic swaps come around. The tax man will be able to link kyc accounts to bitcoin wallets. By using an atomic swap, people can remove their idendity and store their value in monero, and then atomic swap back to Bitcoin when they want to exchange value or to ethereum if they want to use a smart contract.
Any tax regulation story is bullish for monero because most people don’t want to pay taxes.

>> No.24325162

>>24321080
>>24321210
>>24321253
>>24321766
it's clearly bait and you fags fall for it every single time

>> No.24325935

>>24325162
Telling raj to kill him self is a rite of passage in the xmr gen

>> No.24326681
File: 99 KB, 769x1285, 1606014572443.jpg [View same] [iqdb] [saucenao] [google]
24326681

>>24323393
>A month ago
The sybil attack? Pure FUD by one very dedicated autist.
Transactions were not traced, amounts were not revealed, senders and receivers were not revealed, and even the IPs of those making transactions were probably not revealed.
He attempted to find IP's of individuals sending transactions to the network, and associating it with a given transaction. He still could not read anything inside of a transaction. He also attempted to use public torrent activity (provided by another website) to make it look like he was tracing porn transactions, but he was really just looking up what that IP was doing on bittorrent (that IP is also not necessarily from the person who sent the transaction).
Monero transaction broadcasting (dandelion++) is a bit more complicated than a typical crypto, so any given IP that he parses could either be from the target individual making the transaction, or from a node relaying it. I'd also guess that many people who make a monero transaction are using a vpn/tor/i2p/proxy, so even if the attacker got lucky and had his node intercept the transaction on the first jump, he still probably only got a VPN's IP.
either way, transactions weren't deanonymized. He might have gotten a few people's IP's if he was lucky, but with no information on what the transaction actually is, I don't think it's much to be concerned about.

>> No.24327006
File: 30 KB, 680x572, 1606379792204.jpg [View same] [iqdb] [saucenao] [google]
24327006

>>24320833
I SPENT THJE REST OF MY MONEJERO FUCKKKKKK BROS

>> No.24327076
File: 392 KB, 2082x1226, monerochad.jpg [View same] [iqdb] [saucenao] [google]
24327076

>>24321689
>>24321359
Mega based, amazing info anon

>> No.24327080

>>24320833
checked
I am a retard. So please bare with me.
Will XMR ever be "cracked"
I know how it somewhat works (not the math behind it though) and I read some interview of a guy who likes to crack it. He said he loves Monero and it is beautiful, however he didn't say that every aspect of it is anonymous.
Then I watched some retard on YouTube who said it would be only a matter of time untill Monero gets cracked and the privacy aspect is gone.
I am scared bros

>> No.24327374
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24327374

Where do I get cheap stickers in europe

>> No.24327479
File: 319 KB, 769x1285, 1606275893672.png [View same] [iqdb] [saucenao] [google]
24327479

>>24327080
"a matter of time" could be 100 years, but yes, if Monero stays in its current form forever, it is likely that a quantum computer which can solve the discrete logarithm problem would crack Monero. This is because Ring Sigs and RingCT are all secured purely under the assumption that you can't find the private key from the public key in an elliptic curve digital signature algorithm.
If someone found a way to do this, e.g with a quantum computer, it wouldn't just break Monero, it would break Bitcoin/ethereum/every other crypto as well as SSL and most other standard public key encryption schemes.
There are probabilistic metadata attacks that under certain circumstances can probabilistically reveal some subset of information about a wallet, but I would hardly classify it as a 'crack', and methods of preventing this are improving every day from Monero researchers.
The fundamental mathematics behind Monero encryption will not be cracked through any other means besides solving the DLP, you can't crack math.

>> No.24327711

Im waiting for it to dip below 100 to buy an unknown amount

>> No.24327974

>>24321047
someone ban this motherfucker

>> No.24328001

>>24325935
based
>>24327006
at least you spent them
stack and spend again based XMR bro

>> No.24328090

>>24321047
shut the fuck up retard, stop shilling your niggercoin

>> No.24328152
File: 387 KB, 650x637, JANNIE.png [View same] [iqdb] [saucenao] [google]
24328152

>>24328001
I LITERALLY HAVE NO MONEY BUT IM GONNA BE A FUCKING SLAVING AWAY THIS WINTER. IM GOING TO CRUSH THE SKULLS OF JANNIES AFTER GETTING RIPPED AT MY JOB

IVE INVESTED IN CRPYTO AND DROOGS AND HAVE NO FOOD, I SHALL LIVE OFF OF RAMEN AND BACON FUCK JANNIES FUCK NIGGERS AND FUCK >>24321047

>> No.24328166

>>24323393
>Lots of people said this so its unlikely its a coordinated fud.
lol, wtf? that's literally the definition of coordinated fud

>> No.24328253

>>24327080
The limitations of Monero are already known. We are far away from perfect privacy (and desu, perfect privacy is impossible) but a retard using monero with no idea about possible vulnerabilities would be safer than someone using bitcoin who is an expert in tumbling and trying to avoid chain analysis (which, with bitcoin, you can’t unless you swap with Monero).
The problem with any private cryptocurrency is metadata. So adversaries (likely kyc exchanges) can compile data of Monero transactions and build transaction graphs. I’m simplifying things because it’s a lot more complicated than that, but if you take the time to study monero you will quickly realize that it is very safe for at least the next 5 years, and this is also ignoring the fact that privacy improvements will be implemented along the way (for example, our biggest vulnerability is ring signatures and sometime next year we are going to increase the size of them in the next hard fork update).
Monero is so far ahead of the curve with privacy, and with more governments investing in chain analysis, it’s only a matter of time before jaded crypto users seek privacy that they now need. In the mean time, we continue stacking.

>> No.24328288

>>24327479
Thank you based anon.
Gonna buy some more
One retarded mistake I made was buying on Binance and not using a VPN

>> No.24328325

>>24328288
Using a vpn is sort of pointless because the exchange with kyc info will know you withdrew monero at a certain time.
To get around this, make sure to use a unique subaddress when you withdraw your monero.

>> No.24328384

>>24328152
FUCK YES TEAM FUCK EM ALL!
LIVE OFF RAMEN AND STACK UNKNOWN GODDAMN MOTHERFUCKING AMOUNTS OF XMR
HODL ON BROTHER!

>> No.24328684

>>24328253
Thank you as well anon. Good response, definetly helped me.

>>24328325
What are the chances that you get fucked over if you deposit XMR to a chink exchange, trade, exchane some coins back and forth and withdraw your XMR again?
"They" basically would have to go to the Chink exchange and force them, to give out the logs, then backtrack each user to their IP and fuck them over this way.
While possible in theory, the chances of this happening should be pretty small I guess

>> No.24329128

>>24328684
No problem anon, glad I could help.
Yeah in that case you use a vpn and limit any metadata that might expose your identity. I agree that the chances are pretty small (by the way, the governments are catching up with chain analysis but they are still far behind. Monero only recently appeared on their radar because of dark net usage). There are certainly non kyc exchanges that you can use. If you are washing all your profits with monero you are well ahead of the curve. You can even look into decentralized markets like Bisq which will separate you further.
If you know someone who used an exchange in the past without reporting taxable events on a chink exchange, they are probably going to be fine. Feds are mostly targeting big players right now and are not going to waste resources going after some random trader unless he is moving large funds in kyc exchanges.

>> No.24329757

Please explain for a brainlet. I am just now looking into Monero despite being a Hodler. I don't want to avoid taxes, but I'm concerned about being overcharged due to the way exchanges can screw you over when you finally try to cash out and may make it seem like I made more than I did. I'm moving to a different country for work and I'm concerned about the way I could get screwed over by two different governments. If I were to move to Monero with my private wallet, what can I expect from the IRS so long as I claim the correct number for capital income? Pls no bully.

>> No.24330277

>>24329757
>I'm concerned about being overcharged due to the way exchanges can screw you over when you finally try to cash out and may make it seem like I made more than I did
What are you taking about?
Regarding moving to a different country, everyone one is different so you need to consult a tax expert.
For the IRS, all you need to disclose is any taxable event. If you directly purchased monero that is not taxable. If you bought bitcoin and swapped to Monero, that is taxable.

>> No.24330354

Pretty sure XMR is the only coin that once I've acquired it, I've never sold or traded into anything else. And I think that's because even when there was bad news or "reasons" to be bearish, pretty sure there's no better hill to die on than XMR. The community really does have a grassroots, honest, relentless pursuit of individual privacy; things don't get swept under the rug. Everything that Ciphertrace or any other whoring org working with the nanny state is patenting has been practically laid at their feet in the Breaking Monero series. BTW Sarang is a boss. Kudos to him and his dedication to improving XMR. Hope to see BP+ soon. Since apparently he can't stay away even for vacation.

>> No.24330448

>>24330277
I explained poorly. I used coinbase before almost immediately getting out and moving to a private wallet. I know that they are terrible about providing the correct profits to the IRS because they only measure the amount of money that transferred between their wallets. I started with 3k. If I make 110k, I don't want the IRS to be able to report that I actually made 113k since I initially invested 3k before moving off of CB entirely. Thank you for the rest of your input. It was helpful.

>> No.24330724

>>24330354
i’m surprised there haven’t been any based sarang memes. feels good having a literal genius on our side

>> No.24330827

noob question: ive downloaded monero gui wallet but didnt exported private key, i whithdrew some moneros and my balance shows 0, is it because of that ? i dont want to export my key to figure it

>> No.24331262

>>24330448
>I used coinbase before almost immediately getting out and moving to a private wallet.
what do you mean by this? If you bought Bitcoin and moved the Bitcoin off of coinbase to your own private wallet, chain analysis can easily track that. Bitcoin is not private at all.
> started with 3k. If I make 110k, I don't want the IRS to be able to report that I actually made 113k since I initially invested 3k before moving off of CB entirely
keep records of every transaction you make. If you are a Bitcoin hodler this is very easy because you do not need to pay taxes if you are going from fiat to crypto. On coinbase you can print off your history of transactions. If you were to swap today between Bitcoin and Monero, you would then have to pay a tax.
>>24330827
>but didnt exported private key
what do you mean?
>i whithdrew some moneros and my balance shows 0
So you sent Monero off of an exchange to your wallet? Have you connected to a remote dameon? You need to scan the blockchain with a node, and if you are not downloading the blockchain, you need to connect to somebody else who has so you can scan the blockchain for transactions.

>> No.24331263

are the ledger hardware wallets comfy to use with XMR?

>> No.24332466

>>24331263
I have a ledger nano s, I will find out soon

>> No.24333016
File: 30 KB, 411x628, imagine_not_buying_kek.png [View same] [iqdb] [saucenao] [google]
24333016

>>24320833
there are people "buying the BTC dip" instead of buying pic-related
we will have our time soon, brothers

>> No.24333046

>>24321047
without fail this slide pajeet is in every monero thread. kek.

>> No.24333080

>>24333016
i dont think its a good idea to bring too much attention to monero too soon. If we pump to top 5 MC it can get negative attention before it gets stronger and safer. i rather it remain in the low 15s for a few years more while it gets improved

>> No.24333147

I brought monero at $117 around 2 weeks ago, time to buy more?

>> No.24333162

>>24333080
>i dont think its a good idea to bring too much attention to monero too soon. If we pump to top 5 MC it can get negative attention before it gets stronger and safer. i rather it remain in the low 15s for a few years more while it gets improved
i am not posting these metrics on reddit, twitter, telegrams etc. it is only for you all. and the data is no secret either way i have not cast pearls before swine my friend.
i agree slow and steady growth fueled by organic usage is ideal growth-case scenario.

>> No.24333172

>>24333147
im waiting for sub 100, i think it will correct around 20% more before we start the bullrun

>> No.24333330

>>24333172
a prudent man would set buy orders around the 0.0064 btc range for xmr/btc and stagger between 95-105 for xmr/usd.
there is a possibility that 100 holds and it bounces that's why I recommend putting half above half under.

>> No.24333407

>>24320833
bitcoin is almost a teenager. monero is still a wee lad at 6 years old.
patience. patience is all you need.
crypto is a game of hold 'em and holding monero is like holding a royal flush on the flop. the game has only just really begun, and there will be bluffs and folds from all around but at the end of the game - if you don't fold - you win.
patience.
patience is all you need.

>> No.24333909

>>24333080
Monero is not a new coin, It's been around long enough, I think the tech has matured enough to become mainstream.

>> No.24333924

>>24333080
What do you think had been happening the last 4 years?
>>24333407
Based analogy

>> No.24334045

reminder that Monero released a minor update two days ago to improve Dandelion++, and that you should upgrade to benefit from the performance improvements it gives

>> No.24334286
File: 29 KB, 741x568, hmmm.png [View same] [iqdb] [saucenao] [google]
24334286

>>24320833
THE question is lads, how do you onramp fiat to Monero with maximum privacy BUT it is still online. I mine, but its taking a long time and I won't be able to trade with it anonymously without being erased by gas money until months from now. What guaranty does stuff like bisq have that someone cant look at the bitcoin wallet that sent the bitcoin and go "huh, where did that go? Looks like it might have gone to this exchange, and we know that exchange is for shady things. Time to kick this guy's door down." Still trying to pick up terms and stuff here and there, so if I sound retarded, please be gentle.

>> No.24334566

>>24334286
Monero isn’t illegal. You are able to trade for it on exchanges literally everywhere. You won’t get your door kicked down because monero is used for an exchange of value for many things. Anyone saying otherwise is a glowie.
For maximum privacy use local monero or bisq. You can also use non kyc swaps like morphtoken or non kyc exchanges like kucoin and trade ogre.

>> No.24334758

>>24334566
I know its legal, but what I'm worried about is if I onramp fiat for bitcoin and then use bisq to ship it to my monero wallet so I can trade anonymously it will raise red flags if someone tries to pin me.

>> No.24334785

>>24334758
bisq to turn it into monero then ship it to wallet that is.

>> No.24334977

Also, want to feed my monero mining wallet into a wallet I can us on KYCless DEX exchanges. Anyone got a recommendation if privacy and anonymity is key? To much of a poorfag to get an hardware wallet yet, so something in the meantime?

>> No.24335537

>>24334977
Coinomi/Exodus app is fine

>> No.24335667

>>24335537
I have heard exodus come up a few times. Why does everyone around here use metamask though? Haven't hear of Coinomi but once so far.

>> No.24335733

is there a way to buy monero without id verification?

>> No.24335897

>>24334758
>it will raise red flags if someone tries to pin me.
Why would that happen? It’s legal.

>> No.24336058

>>24335897
Maybe I'm just paranoid, but its like with the gold confiscation of the Great Depression. I want to make sure nothing like that ever happens to me if they go after crypto. Gov has fucked me and my family in the ass so much I just want to keep my property safe.

>> No.24336077

>>24335733
You could go to a crypto ATM. If the ATM offers Monero, you just buy it with cash. If not, you buy Bitcoin with cash, then you trade it for XMR.

You can then trade the Bitcoin for XMR with the Cake Wallet app which is very beginner friendly, or you can use Bisq if you are a privacy ninja which is a p2p decentralized exchange that runs completely over Tor. It takes a long time to find a trade on Bisq though unless you are swapping large amounts, so Cake Wallet will probably be good for your use case.

>> No.24336172

>>24323120
Bossed

>> No.24336185

>>24336058
If you are buying large amounts and not paying taxes then you will get the government looking at you. Just be a good goy and if you nightmare scenario happens you would have ample time to prepare. You’re assuming everybody that uses monero only uses it for drugs, which is a criticism that bitcoin had to deal with for years before it was taken seriously. Monero won’t be banned just like Bitcoin.

>> No.24336256

>>24336058
>>24334758

I know exactly what you are talking about. Monero is *the* crypto to protect you against a new Executive Order 6102.

Let me tell you something about how Bisq works: it is a decentralized exchange, and when you perform a trade with a peer, you each lock a deposit into a multisig wallet. Then the peer sends you the XMR, and once you are happy and have received it, both of you use your parts of the multisig wallet key to return the deposits to each other.

What this means is Bisq has no centralized wallets. Nobody will know that you traded Bitcoin for Monero - if somebody performed chain analysis on the Bitcoin blockchain, they would see that you bought Bitcoin for fiat, it went into a multi sig wallet, and then it left the multi sig wallet. They would have no idea that it was used to trade for Monero on Bisq. Hopefully this should lay to rest your privacy concerns.

>> No.24336366

>>24336185
The thing I'm worried about is just government tracking ability increasing to the point where "just be small fry" won't be a shield anymore. As example in most nations their tax divisions are ruthless and operate under a "guilty till proven innocent" framework. I'm worried they will use these same systems again like they did in the gold confiscation to try that shit with crypto since its clear gov has no qualms at walking all over it's citizens.

>> No.24336586
File: 1.42 MB, 2325x1679, image1.png [View same] [iqdb] [saucenao] [google]
24336586

>>24326681
>>24327479
Wow, great posts!

>> No.24336639

>>24336366
Yeah I see. I would use bisq like that other user said or local monero (through tor). There is no way you can track funds that way. Once atomic swaps come around it will get even easier.
The aforementioned non kyc exchanges and swaps are also sufficient. You will leave some metadata however so righted up your opsec.
The government is way behind when it comes to tracking who has monero. Them being able to track small frys is something they are not capable of anywhere in the near future. Frankly that’s why I think they are being idiots because if all exchanges are Monero it would be easier for them to track.

>> No.24336658

>>24336586
Is this OC? Nice

>> No.24336688

>>24334286
Here's the secret: buy bitcoin literally anywhere, put it through a mixer, trade it to monero somewhere without KYC. That's it, all done.

>> No.24336722

>>24335667
Isn't metamask for shitcoins?
Theres wallets for xmr only too like cake, check the subreddit

>> No.24337006

>>24336256
It does yeah, though my only concern at that point is them going "so, where did that bitcoin disappear to?" I guess it can't be helped unless you do cash for Monero in person, but sadly that is not an option for me even though if it was available that's exactly what I would be doing.
>>24336639
What I was planning on doing was having a wallet be the middleman between my monero mineing wallet, a dex exchange like maybe Uniswap or someone else if they are better and some kind of wallet that down the line of a few wallets is connected to an wallet used only for onramping/offramping. It's my attempt at least of compartmentalizing my monero into a web to shake off anything that tries to fallow my money into the web from the on/off ramp. I'll still pay taxes when I cash out and all that which is fine, but if anything happens, anything in the web is safe and the amount could be 0 to anybody trying to pin it. What can I do improve this with the leftover metadata you mentioned?

>> No.24337122

>>24336586
agreed good posts
>>24326681
>>24327479

>> No.24337184

>>24336722
I just see it a lot on here. Funny enough, differences in wallets is my weakest subject in all this when it comes to privacy/security. I hear cake has some heavy fees, but with how heavy competing pajeets tare into each other you never know what info is genuine or fud/scam.

>> No.24337272

>>24337006
If asked "what ever happened to that Bitcoin", you don't have to answer if you're a US citizen due to the 5th amendment. If you are either not a US citizen or you foresee a dystopian future where the 5th amendment is null and void, there are various lies you could give which are essentially unprovable either way.

The easiest one would be to say you sold it at break-even or at a loss to somebody IN-PERSON for cash (which would mean that you would have had no tax liability for it.) Hopefully the world never goes to such an authoritarian shitfest that you would have to do this.

>> No.24337336

TOPKEK
>Ciphertrace solves the coin and found a way to track it
Monero tards:
>but muh privacy
>muh bags
>TFW XMR is about to go down 30% in value but I shill on /biz/ hoping to get just one more pump

>> No.24337347

>>24337006
>so, where did that bitcoin disappear to?"
You traded it for bitcoin. That’s literally what you would say on your taxes. There’s nothing illegal about that. Make sure to keep a record of this.
> What can I do improve this with the leftover metadata you mentioned?
It’s not a bad idea to have more than one wallet. I have my main wallet and I have a “vault”.
Further improvements: use sub addresses, run your own node, watch “breaking monero” to find out how Monero leaks metadata.

>> No.24337356
File: 74 KB, 645x729, 2.png [View same] [iqdb] [saucenao] [google]
24337356

>>24337336
>ciphertrace CEO admitted on twitter that nobody can track it.
>he didn't read the thread and see the link to this tweet posted yesterday

>> No.24337395

>>24337356
>>he didn't read the thread and see the link to this tweet posted yesterday
No one cares about your shitcoin. Theres are like 8757645 other privacy coins. Plus XHV seems to be a lot better than monero

>> No.24337428

>>24337347
I actually do run my own node, though I'm not sure if it runs properly or not. I'm still new and a poorfag, but I did want to help, even if its just having the ~75gb set aside to run the node and to mine at .01 monero a month on a pool.

>> No.24337430
File: 37 KB, 505x567, 4.jpg [View same] [iqdb] [saucenao] [google]
24337430

>>24337395

>> No.24337453

>>24337395
But only Monero is being cracked down on around the globe. Weird that they are scared of it in particular then and not all the others.

>> No.24337457

>>24321210
This is extremely dangerous to our democracy

>> No.24337474

>>24337428
Protip, prune the blockchain on your node and it will only take up 1/3 of the space. Here's a guide for how to do it.

https://monero.stackexchange.com/questions/11454/how-do-i-utilize-blockchain-pruning-in-the-gui-monero-wallet-gui

This guide is for doing it with the GUI wallet but if you run a separate node or the CLI the steps are similar and if you can't figure it out, just ask on this thread.

>> No.24338095

>>24337474
Thanks. Knew about pruning but wanted to know more about the side effects of doing so before I did, but know I know how to do it when I make the choice.

>> No.24338817

>>24336586
rare monero-chan

>>24337395
and XHV is one of those 8757645 other privacy shitcoins. XMR reigns supreme and has DNM adoption

>> No.24339167

>>24338095
Sounds like you are well ahead of most monero users to be honest.
If you want to study more then breaking monero can’t be recommended enough. That will explain all the vulnerabilities to you. Good luck.

>> No.24339182

How do I actually store my XMR?
I've been using Mjonerujo on my phone. Dont really understand it but seems to work.
I bought a Trezor Model T and got a complete refund for because it advertised XMR but had no way of easily doing it.

>> No.24339358

>>24339182
Your solution probably works well. If you are ultra paranoid and you want to store it offline, you could do the following:

Download the Monero wallet software to your PC, turn your internet off, generate a new wallet. Then write down the seed words, and also write down some receive addresses. Then you can actually delete the wallet file entirely off your computer before you reconnect to the internet.

You can then send XMR to those addresses and when you want to access them to move them again, you restore the wallet from the seed words. Only do this though if you plan on storing them for a long time without moving them because otherwise it's a pain. But this process will ensure that the keys to access your Monero only exist on paper until you're ready to spend.

>> No.24339531

>>24339182
how much monero are we talking about here? if more than 1 xmr print your private keys and store safely OFFLINE

>> No.24340425
File: 484 KB, 1082x695, 19.png [View same] [iqdb] [saucenao] [google]
24340425

wow these monero threads are getting longer.. just picked up another bag

>> No.24341278

>>24340425
Very comfy

No whale alerts like bitcoin (that sway the price).
Just good old privacy.

>> No.24341316

>>24320833
If I bought $100 worth of XMR in 2016 how much richer would I be today?

>> No.24341397

>>24341316
Between roughly $15k and $1.2k, depending on when in 2016 you bought.

>> No.24341547
File: 24 KB, 112x112, 1597186380920.gif [View same] [iqdb] [saucenao] [google]
24341547

>>24339182
I use a ledger nano x + the XMR gui wallet, it works pretty well.
>>24337122
>>24336586
thanks frens