XMR Monero General

[Anonymous No.25437513]

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized p2p privacy cryptocurrency!

Monero is secure, low-fee, and borderless, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT (hidden tx amounts) ensure that Monero's blockchain is obfuscated -- the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with the proof of the transactions being possible by a Monero user willingly providing a view key for a specific transaction if needed.

Monero has also improved upon the scaling downsides of the current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs goes higher. Further, the mining network algorithm Random X establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in May 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.

If you still have questions, feel free to ask and a Monero Chad will be with you shortly.


OFFICIAL WEBSITE - https://web.getmonero.org


WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

>Non KYC:
Local Monero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
https://archive.is/TWOah


HOW TO STORE MONERO?

>Desktop
Gui/Cli (recommended)
MyMonero
Exodus
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo
NOTE: MYMONERO FOR ANDROID IS A SCAM. DO NOT DOWNLOAD ON GOOGLE PLAY.

>Cold Storage
https://archive.is/DEfsP

[Anonymous No.25437687]

*tee hee*
Hey Anon! How much Monero do you have?

[Anonymous No.25437700]

Hail Monero

[Anonymous No.25437754]

>>25437687
An [undisclosed amount] of course!

[Anonymous No.25437869]

i want to buy an undisclosed amount. what exchange should i use? or do i need to use localmonero

[Anonymous No.25437985]

>>25437869
localmonero is the best imo I bought there a lot (cash by mail and Zelle) never had any problem and was never asked for ID (just gotta avoid “buycoinsfast” who is obviously a fed honeypot)
Here’s a crazy idea I had for buying monero anonymously but didn’t try yet: rent some hash power from miningrigrentals and mint your own. I need to calculate if the cost is similar to the commission localmonero charges for anonymous xmr (~$15 over spot usually) but I think it’s comparable.

[Anonymous No.25438002]

buy turtlecoin

[Anonymous No.25438059]

>>25438002
Fuck McConnellCoin

[LebAnon No.25438102]

>>25437869
based
yeah or Bisq
>>25437700
checked freedom birb

[Anonymous No.25438159]

>>25437513
I wonder who pays those bitcoin transaction fees.

[Anonymous No.25438335]

>>25437513
Big question for everyone here. I don't have enough bitcoin to use bisq and there are no atms by me. Can't really find anyone to trade in person either, localmonero same thing. What should I be doing to help my search? No takers on craigslist sadly.

[Anonymous No.25438425]

>>25438335
Where are you from?

[Anonymous No.25438500]

>>25438335
Try local monero with other regions in your country. There are reputable vendors who do cash by mail, venmo Zelle etc

[Anonymous No.25438517]

>>25438425
USA, but rural. Makes it hard as balls to onramp cash. Not giving up though. I'll be damned if I get left behind.

[Anonymous No.25438547]

>>25438335
Mine some.

[LebAnon No.25438569]

>>25438517
based
never give up the fight brother
>>25438547
seconded if you can afford to, and running a node consolidates the network

[Anonymous No.25438636]

>>25438517
>>25438547
I do, but my hashrate is ass, so I make like 3$-5 a month. Run a node already though.

[Anonymous No.25438638]

>>25438517
Cash by mail on localmonero.co

[Anonymous No.25438680]

>>25438638
Won't the seller have your address then? I have never sent money by mail before except for bills.

[Anonymous No.25438691]

>>25438335
you have no way of onramping to Bitcoin?

[Anonymous No.25438748]

>>25438691
Nope, at least I can't find someone willing to take cash at a meet up(low pop area) and there ain't btc atms near me for the same reason. Sucks but I feel like I'm not reaching out enough. I have a posting on craigslist to get bites but that's about it so far.

[Anonymous No.25438821]

>>25437687
I have a amount you will never know even if you call the CIA.

[Anonymous No.25438827]

>>25438748
Maybe you could setup water/wind/solar energy mining?

[Anonymous No.25438923]

>>25438335
I'd offer to trade but
1) You have no way to know I'm not a scammer
1b) I have no way to know you're not a scammer
2) Wouldn't be anonymous

[Anonymous No.25438938]

>>25438827
I wish kek, wouldn't even know where to start. What's a guy gotta do to dump his stimulus into crypto without some asshole sniffing around my transaction logs kek

[Anonymous No.25438968]

>>25438923
Thats why I have been hard at work trying to find someone I could meet at a grocery store at peak hours and just do the swap in cash, but alas.

[Anonymous No.25438974]

I have a semi-serious question about atomic swapping that is coming: Could a party/government/vilain use atomic swap to trick someone into starting a transaction, let's say for 500 millions, and never complete the transaction on their side, so both parties loose the money?

[Anonymous No.25438999]

>>25438974
I don't deeply understand atomic swaps, but iiuc they're based on time-locked crypto, so you get your coin back eventually if the other party bails

[Anonymous No.25439024]

>>25438999
Thanks 999.

[Anonymous No.25439271]

I hope for atomic swaps with Litecoin and BCH. The bitcoin tx fees are way too high.

[Anonymous No.25439300]

>>25438999
This is correct

[Anonymous No.25439375]

>>25439271
It'd be really dope if Bitcoin cash stepped up and decided to partner with Monero on Atomic swaps. As far as I know, Bitcoin Cash already has the required type of signature that is causing the delay in Bitcoin, right?

[Anonymous No.25439638]

>>25439375
Schnorr signatures are still pending for bitcoin. They are needed for atomic swaps as I heard.

[Anonymous No.25439645]

>>25439375
YES, i've been fucking saying its since last thread. The schnorr/taproot protocol is already active on bitcoin cash, they don't need to do anything. Monero DEVS need to fucking make the prototype or beta version on that, I hope they do it. Bitcoin could take forever to implement it, even Q4 2021 isn't a 100% guarantee.

[Anonymous No.25439702]

>>25439645
The problem is I believe that supporters of Bitcoin Cash are just as up their ass as the Bitcoin Maxis and won't see any reason for the implementation. Would love to be proven wrong though.

[Anonymous No.25439737]

>xmr thread

[Anonymous No.25439794]

>>25439702
Oh I agree fuck both those shitcoins, i'm pretty sure the tech has already been implemented on the bch side. Work just needs to be done from the Monero side now, but they haven't shown any interest in bch.

[Anonymous No.25439904]

>>25437687
I'd show monero-tan my view key if you catch my drift

[Anonymous No.25440061]

>>25438938
Use bisq you can do it from your computer

[Anonymous No.25440107]

>>25438974
That is not a concern. From what I understand there is actually a punishment command that is used when one of the two parties is acting in bad faith it causes some kind of a small penalty for bad behavior. No risk of loss for either parties because sharing one of the keys reveals the other key through some kind of algorithmic process. The hold up for atomic swaps to this point has been that Monero lacks a time lock function like bitcoin has

[Anonymous No.25440194]

>>25440107
>to this point has been that Monero lacks a time lock function like bitcoin has
Please go on.

[Anonymous No.25440199]

>>25440061
That's the sad thing, there is a minimum of btc you have to have as collateral, and I do not meet the requirements. My stimulus is kind of my first big onramp into crypto, so I don't have the bitcoin collateral to ironically gain the bitcoin collateral requirement amount.

[Anonymous No.25440436]

Frens, am I too late to get an unknown number of moneros?

[Anonymous No.25440507]

>>25440107
>>25440194
How did the atomic swaps developers solve the lack of time locks?

[Anonymous No.25440548]

>>25440436
Monero is undervalued, Brüdi.

[Anonymous No.25441578]

>>25440436
Nah bro you're early.
Q12022 will be the real beginning

[Anonymous No.25441584]

ANONS, can we PLEASE keep the price low? this rebound is making me nervous, I'm still crying to acoomulate. We were spoonfed the bed fud campaign I've every seen!
https://www.coindesk.com/bittrex-to-delist-privacy-coins-monero-dash-and-zcash

[Anonymous No.25441608]

>>25441584
I'm selling when it rebounds. I'm not getting keked by more delistings while I can just hold something like ltc and get the same gains with no risk

[Anonymous No.25441614]

>>25437687
Ok, different question. Might ask in next thread too. If you got like 20 bucks in crypto but a 600 dollar stimulus in your bank account, how do you get that as privately as possible into btc then monero or directly to monero without 1.) Bitcoin atm. 2.) local in cash meetup buyers.

[Anonymous No.25441666]

>>25441614
Localmonero cash by mail

[Anonymous No.25441673]

>>25441614
bisq! Love it. I'd give it an uncountableamount/uncoutableamount

[Anonymous No.25441932]

>>25441673
Bisq is a no go since 20 bucks of btc doesn't cover the minimum deposit collateral amount for transactions. Sucks, but it is what it is.

[Anonymous No.25441965]

>>25441666
I mentioned this before in the thread, but doesn't that technically involve giving your address to someone else?

[Anonymous No.25442043]

>>25441965
No, I think they send it to a transaction address.
You could onramp with KuCoin

[Anonymous No.25442162]

>>25442043
That's actually the exchange I use. How do you even do that without giving away your bank info and basically iding yourself because of it?

[Anonymous No.25442284]

>>25442162
It’s really hard to on-ramp without kyc.
The good news though is because of the obfuscated block chain, once you withdraw your monero they are unable to see where it goes.

[Anonymous No.25442388]

>>25442284
That's why I host a node and mine it, even for pennies. But damn I really don't want to have to do an all day roundtrip just to get to a bitcoin atm, but my desire to not kyc myself is even stronger.