/XMR/ Monero General

[Anonymous No.26154145]

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.26154334]

[Anonymous No.26154510]

Do you guys think XMR currently fails to pump as hard because darkweb people are actually cashing out frequently?

Also what's up with wrapped monero wxmr and other things like that? I'm assuming they're no threat because they are unlikely to actually provide anything new and if they do it doesnt outweigh the position real xmr is at.

[Anonymous No.26154660]

My Binance card just arrived, finally I can scrap my other scamcards that take 4 times the fees. So excited to actually spend crypto with my card.

[Anonymous No.26154704]

>>26154510
>Do you guys think XMR currently fails to pump as hard because darkweb people are actually cashing out frequently?
I think you are right they Monero is bought to be used. There are, however, a growing amount of holders with strong hands.
I’d wager the more likely reason is the regulation fud scares off the normies. I’d also point to market manipulation as a likely factor.

[Anonymous No.26155063]

>>26154510
wxmr might be a scam, beware

[Anonymous No.26155662]

After an initial investment I decided im going to buy 1XMR every week this year. I believe in the future anons. We will all make it.

[Anonymous No.26155688]

>>26154510
wrapped monero is not a real wrapped monero, it is an ETH token with the name wrapped monero and held artificially at the same price as the real monero so it cna be used in the DEFI CASINO.
It is like calling tether a "wrapped dollar", it might not be a scam, but its value and amount in circulation are not decentralized.
DYOR

[Anonymous No.26155693]

monero is overshilled rn

[LebAnon No.26155774]

>>26155662
FUCKING BASED

[Anonymous No.26155880]

>>26155693

[Anonymous No.26156065]

Is it worth it XMR at $150?

[Anonymous No.26156113]

>>26156065
id say anything below 200 dollars is very cheap

[Anonymous No.26156446]

>>26156065
I sold all my stock on Jan 1st and I'm buying in at $150. It seems like a good entry and Its money I'm not touching for years.

[Anonymous No.26156969]

thinking of buying monero then dont look back after a few months bc im depressed looking at crypto idk

[Anonymous No.26157105]

Feels like there is no hype for this coin at all, even though the potential is great. I mean, it is a real coin, better than bitcoin, and you can actually use it iinstead of those useless tokens a la casino chips

[Anonymous No.26157446]

Bump

[Anonymous No.26157479]

>>26157105
Give it a few months the celebrities tech friends will tell them about it and we'll get a shout out.

[Anonymous No.26157535]

>>26157105
Smart money is accumulating

[Anonymous No.26157695]

>>26156065
The XMR/BTC ratio is the lowest it's been since mid 2016. I'm neutral to bullish on BTC and bullish on XMR/BTC on basically every timescale. Monero has a far lower market cap and greater adoption than a lot of the coins in the top ten. $3 billion cap for the greyhat standard is low imho.

[Anonymous No.26158574]

fyi Monero Chad's, iVPN now accepts XMR as payment.

[Anonymous No.26158624]

>>26155662
dollar cost averaging and with fundamentals in mind? you are gonna make it anon

[Anonymous No.26158705]

>>26158574
fucking finally, thanks anon

[Anonymous No.26158758]

>>26154145
Hyped about livestream XMR tips -
https://ccs.getmonero.org/proposals/tipxmr.live.html

[Anonymous No.26158770]

>>26155662
I'm doing the same... except I can only put 25€ per month cause I'm a poorfag student... Can I still make it ?

[Anonymous No.26159101]

>>26158770
of course anon
all chads will make it

[Anonymous No.26159240]

>>26155693
no one shills monero. it's like shilling bitcoin, everyone knows about it.

[Anonymous No.26159705]

>>26159240
Everyone knows about it, but only S rank brains KNOW about it

[Anonymous No.26159835]

>>26159705
>only S rank brains KNOW
the wise chad has spoken

[Anonymous No.26159881]

>>26159240
and also because they NEED to learn about it if they want privacy or anonymity

[Anonymous No.26160218]

>>26158770
There will always be investment opportunities anon. Right now, you are a student, so you don't have much disposable income. Don't feel down. If anything, you are way ahead of your peers because you area already thinking ahead.

[Anonymous No.26160538]

>How is Monero’s privacy different from other coins?

Monero uses three different privacy technologies: ring signatures, ring confidential transactions (ringCT), and stealth addresses. These hide the sender, amount, and receiver in the transaction, respectively. All transactions on the network are private by mandate; there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero. You do not need to trust anyone else with your privacy.

>How is Monero different from Bitcoin?

Monero is not based on Bitcoin. It is based on the CryptoNote protocol. Bitcoin is a completely transparent system, where people can see exactly how much money is being sent from one user to another. Monero hides this information to protect user privacy in all transactions. It also has a dynamic block size and dynamic fees, an ASIC-resistant proof of work (RandomX), and a Tail Emission, among several other changes.


>What is fungibility, and why is it important?

Fungibility is a simple property of money such that there are no differences between two amounts of the same value. If two people exchanged a 10 and two 5’s, then no one would lose out. However, let’s suppose that everyone knows the 10 was previously used in a ransomware attack. Is the other person still going to make the trade? Probably not, even if the person with the 10 has no connection with the ransomware. This is a problem, since the receiver of money needs to constantly check the money they are receiving to not end up with tainted coins. Monero is fungible, which means people do not need to go through this effort.

[Anonymous No.26160884]

[Anonymous No.26161215]

>>26154145
Whale anon here. I added today 85 XMR.
>Pic very related
I'm holding 1207 XMR right now. When 1000$ per XMR?

[Anonymous No.26161314]

>>26161215
>I'm holding 1207 XMR right now. When 1000$ per XMR?

Why cash out at $1 million when you could cash out at $40 million?

[Anonymous No.26161335]

>>26161215
stop posting how much you have you idiot

[Anonymous No.26161451]

>>26161335
I don't care about the unknown amount meme

[Anonymous No.26161556]

>>26161451
based

[Anonymous No.26161703]

ltchflwyrf7bdoko4esaky3gvvtyy45tprmt742hnbypzch6ebw37had.onion:18089
I added a new onion PRC node, enjoy.

[Anonymous No.26161727]

>>26161215
holy fuck anon, nice stack

[Anonymous No.26161731]

>>26161451
it's not a meme, it's for your protection.
you posted exact amounts of xmr and the times that they were withdrawn. It's really lazy and bad opsec.

[Anonymous No.26161743]

>>26161703
RPC*

[LebAnon No.26161746]

>>26161215
same whale from yesterday?
based

[Anonymous No.26161779]

>>26161215
damn... feels bad man

[LebAnon No.26161963]

>>26161703
doing god's work anon
based af

[Anonymous No.26162016]

>>26161779
Feels bad. Here I am queuing to buy XMR but I just don't have liquidity anymore. I have to wait 10 days for my paycheck to even get on the train before it's too late. I can't sleep at night.

[LebAnon No.26162017]

>>26161215
no offense but I'd really wanna know how tf u can afford this shit anon lol

[Anonymous No.26162025]

If the Tether thing ever comes to light will that be the time to go all in on xmr?

[Anonymous No.26162051]

>>26161215
this fucker broke every rule. but still based anon

[Anonymous No.26162076]

>>26161727
Thanks.
>>26161731
How can this be an attack vector? Knowing the times when it's withdrawn..
>>26161746
Yup, same shitposter.
>>26161779
I started with 2 XMR buy in January 2019, don't feel bad

[Anonymous No.26162108]

>>26162051
meant to attach this image

[Anonymous No.26162144]

>>26161215
By any chance do you donate to the CCS proposals? When atomic swaps was being fundraised a couple whales donated about 2000 XMR really quickly

[Anonymous No.26162170]

>>26162017
Living a normal life, having a normal boring job and having a wage less than 900 dollars per month lol.

I don't even got a television at home...

[Anonymous No.26162227]

>>26162076
Was that all BTC gains or real estate funds going into Monero?

[Chronos No.26162295]

>>26154145
The price of XMR hasn't changed since mid December. Why shouldn't I sell my bags and buy something that's actually pumping.

[Anonymous No.26162442]

>>26162295
I don’t fucking care what you do with your money, I’m here to shill XMR.

[Anonymous No.26162509]

>>26162295
>Why shouldn't I buy something that has already pumped instead of something that has yet to pump
Just look at Monero's chart in the 2017 bullrun. I first learned about it when it was $40 and couldn't fathom why it was so cheap, since the fundamentals were so good. A couple weeks later it tripled in price. Don't let the price of something now being low dictate to you that it must be worthless. If you understand the fundamentals (increasing usage, how much money is kept overseas, atomic swaps, the only true privacy coin, etc) then you should view it as undervalued.

[Anonymous No.26162516]

>>26162295
Why are you posting the pic of a coin with absolutely shitty tokenomics? You got brainwashed by shills on /biz?

[Anonymous No.26162642]

>>26162076
>How can this be an attack vector? Knowing the times when it's withdrawn..
Outputs from that time could be connected to your IP address posting here. It's all probabilistic and would not lead to you deterministically but nevertheless you're somewhat doxxing yourself and giving the agencies stuff to work with.

[Anonymous No.26162791]

>>26162076
It’s not like your house is going to get raided by a pack of hacker goons, but carelessly posting information about your monero holdings goes against the ethos of the community. You open yourself to attacks, however small, by revealing specific information like that about yourself. For example, by posting these exact amounts and withdrawal items, government agencies with access to exchange metadata will be able to connect you to the individual who withdrew that specific amount of Monero at that specific time.
For your threat model this might be inconsequential, but taking care of revealing metadata like this is the chad thing to do, and the more you get used to it the easier it gets. You can never be sure of who is watching you. That might sound paranoid but there are crazy people out there.

[Chronos No.26162809]

>>26162509
If its price isn't rising it doesn't matter how promising the coin is. It's been crabbing during most of this bull run and its on the way down rn
>>26162516
It's made me money. Idc.

[Anonymous No.26162856]

>>26162295
I don't give a FUCK what you do with your MONNNEEEYY

[Anonymous No.26163352]

>>26162642
>he broke the unknown amount meme on a trannie porn subreddit
>furious typing on a keyboard
>hack his mainframe IP address
I'm in.

[Anonymous No.26163394]

All right anons, you've piqued my interest. I'm thinking about buying some Monero. I'm US based. Looking to invest in some "fuck you money" to buy a house, or leave the US, depending on the way the wind blows years from now.

Leaning towards non-kyc to buy it. In case someone decides to "cancel" me in the future for wrong think. Non kyc seems more secure against an exchange deciding to freeze my assets.

Which non-kyc has the lowest fees to trade and lowest to cash out?

Say I decide to cash out, to buy a house, can I just declare the profits on my taxes at the end of the year? Or is there a legal way to shuffle this around into eventual US dollars, without paying tax, or very little?

[Anonymous No.26163397]

>>26161215
Nice stack, but having that amount in a mobile wallet seems risky.

[Anonymous No.26163434]

>>26163352
What’s that? The device his keys are stored on was connected to wifi one time 7 months ago?

*furious keystrokes* ALL HIS MONERO WILL BE MINE BY DAYS END

[Anonymous No.26163558]

Is KYC risky if you instantly move your funds to your monero wallet? Like couldn't you always just create a new one and transfer your funds from your private wallet to a new one and no-one would be able to track that?

[Anonymous No.26163682]

Sometimes I feel like the FUD is getting to me, all the discussion about banning etc, normies being too scared to invest..

But I kind of rely on the idea that there is so much money in shadow economy and when more and more of that moves into monero, it will be good. There was an article that North Korea is mining XMR too. The amount of funds these state actors have is insane.

[LebAnon No.26163960]

>>26162170
yeah but making 900$ per month and u can afford 85 XMR?

[Anonymous No.26163994]

>>26163558
Nobody can track the monero itself, but they will know you purchased it at some time in the past. Depends on how severe you think future government/private actions will be.

[Anonymous No.26164185]

>>26163994
Good thing I lost it all in a tragic boating accident

[Anonymous No.26164536]

bitcoin atms require just phone
all you need is an anonymous phone not tied to your name
then trade btc for xmr

[LebAnon No.26164564]

>>26164536
but I read fees are like 10% and more

[Anonymous No.26164591]

>>26163682
how likely do you think it is that offshore wealth management will use XMR? That's a several trillion dollar market. If XMR sees even fractional market penetration...
It's this that has me sink a large percentage of my profits into XMR

[Anonymous No.26164763]

>>26164564
even for LTC?
better than IRS fucking you over

[Anonymous No.26164827]

>>26163682
>Sometimes I feel like the FUD is getting to me, all the discussion about banning etc, normies being too scared to invest..
>But I kind of rely on the idea that there is so much money in shadow economy and when more and more of that moves into monero, it will be good.

Well here's some peace of mind: even the Establishment is now realizing that the future of money laundering definitely involves crypto. And as the premier privacy coin and soon-to-be the default on the darknet, Monero is clearly going to be a major if not sole player in this game. Criminals clearly trust in Monero's tech and as long as that remains the case their confidence and thus their utilization of XMR will only grow.

So its not at all far-fetched to imagine eventually hundreds of billions, perhaps even a trillion or two going through the wash at the Monero Laundromat.

[Anonymous No.26164921]

>>26164185
top kek

[Anonymous No.26164944]

>>26164591
>how likely do you think it is that offshore wealth management will use XMR?

>Are Cryptocurrencies 'Super' Tax Havens?

>112 Michigan Law Review First Impressions 38 (2013), 11 Pages Posted: 5 Aug 2013 Last revised: 5 Jul 2015

Abstract

I describe the mechanisms by which cryptocurrencies — a subcategory of virtual currencies — could replace tax havens as the weapon-of-choice for tax-evaders. I argue such outcome is reasonably expected in the foreseeable future due to the contemporary convergence of two processes. The first process is the increasing popularity of cryptocurrencies, of which Bitcoin is the most widely recognized example.

The second process is the transformation of financial intermediaries to agents in the service of tax authorities, as part of the fight against offshore tax evasion. Financial institutions are faced with increased governmental pressure to deliver information about account holders, to withhold taxes from earnings accumulating in financial accounts, and to remit such taxes to taxing authorities around the world.

Significantly, cryptocurrencies possess all the traditional characteristics that tax havens do; Earnings are not subject to taxation, and taxpayers’ anonymity is maintained. The operation of cryptocurrencies, however, is not dependent on the existence of financial intermediaries. Thus, cryptocurrencies have the potential of defeating the recent successes of governments in battling offshore tax evasion.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2305863

[LebAnon No.26164960]

>>26164763
true

[Anonymous No.26165332]

Friendly reminder that Monero is poised to become the reserve cryptocurrency of the global shadow economy and is currently replacing BTC on the darknet while also making inroads into the cyber-crime and money laundering sectors.

>Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos
https://cointelegraph.com/news/bitcoin-will-never-be-truly-private-says-andreas-antonopoulos

>Bitcoin is too hot for criminals. They're using Monero instead
https://money.cnn.com/2018/01/03/technology/bitcoin-popularity-criminals-monero/index.html

>Crooks opt for Monero as crypto of choice to launder ill-gotten gains
https://www.theregister.com/2018/03/16/cyber_crime_economics/

>Darknet Giant White House Market Drops Bitcoin, Supports Monero Payments Only
https://news.bitcoin.com/darknet-giant-white-house-market-drops-bitcoin-supports-monero-payments-only/

>Monero replaces Bitcoin for Sodinokibi Ransomware operators
https://www.cybersecurity-insiders.com/monero-replaces-bitcoin-for-sodinokibi-ransomware-operators/

>$7.5M in Monero Demanded in Alleged Cyber Attack on Argentinian Telecom Giant
https://www.financemagnates.com/cryptocurrency/news/7-5m-in-monero-demanded-in-alleged-cyber-attack-on-argentinian-telecom-giant/

>Latin American crime cartels turn to cryptocurrencies for money laundering
https://www.reuters.com/article/mexico-bitcoin-insight-idUSKBN28I1KD

>Criminals laundered $2.8 billion in 2019 using crypto exchanges, finds a new analysis
https://www.technologyreview.com/2020/01/16/130843/cryptocurrency-money-laundering-exchanges/

>Why untraceable cryptocurrencies are here to stay
https://www.cbs.dk/en/the-press/news/why-untraceable-cryptocurrencies-are-here-to-stay

Considering that the global shadow economy is valued in the trillions of dollars, even if just a portion of that ends up in Monero's marketcap that is still HUNDREDS of billions of dollars. 5 figure XMR is inevitable.

[Anonymous No.26165341]

>tfw no quick, kycless method for obtaining xmr

[Anonymous No.26165482]

>>26165341
Try localmonero.co. Had nothing but good experiences there

[Anonymous No.26165484]

>>26165341
Doesn't Kucoin work?

[Anonymous No.26165634]

>>26165482
let me reiterate
>tfw no quick, < +10% market price, kycless method for obtaining xmr
>26165484
kyc means no tie to you at all
debit/credit -> bank account -> you
they dont process the transaction, its a third party
also, they probably report shit to the irs anyways

[Anonymous No.26165718]

>>26155693
>tsla is overshilled rn
for obvious reasons, both cases

[Anonymous No.26165793]

>>26156446
ev or weed stocks?

[Anonymous No.26166059]

>>26165341
>>26165634
Agree with this. I don't feel like dealing with the tax implications of using normal fiat onramps anymore. I feel somewhat lucky to have been able to make my first purchases of BTC and ETH on cuckbase prior to them requiring KYC for withdrawals. Obviously, they still have some of my info from those previous purchases, but I'm guessing they have since stepped up reporting on transactions quite a bit.
>>26165484
Pretty sure you need to give Kucoin at least a mobile phone number to register.

[Anonymous No.26166270]

has anybody here achieved true kycless, immediate xmr buy?
my ideas
>prepaid debit + kucoin (no phone, use cock.li over tor)
>bitcoin atm (use phone not tied 2 u), buy ltc, exchange to xmr with cake wallet
the problems might be fees

of course, cash is true kycless, but takes time, not immediate

[Anonymous No.26166416]

>>26155880

[Anonymous No.26166758]

>>26165634
I bought using cash by mail on localmonero.co. There was absolutely no KYC and it was ~$5 over spot + shipping price ($4).
Sure you have to wait a few days for the XMR to be released, so depending on your definition of "quick", it's not "quick".

[Anonymous No.26167439]

[Anonymous No.26167612]

>>26166758
ill end up doing this desu
so much hassle and fees otherwise

younglet/brainlet here
how do you prove you sent the money through mail?

[Anonymous No.26167909]

>>26167612
> how do you prove you sent the money through mail?
Get a tracking number (certified mail or first class). Film the envelope while you put money in it with the tracking number in the picture. If there is a dispute, you can upload the video and localmonero will probably rule in your favor.
The most important thing is to get a trader with positive reviews (no new accounts). The vast majority of traders there are honest and won't risk their reputation for petty scamming.

[Anonymous No.26167947]

How is this not the most shilled coin, I don't get it

[Anonymous No.26168142]

>>26167947
"Not yet" John Paul said
>>26166416

[Anonymous No.26168268]

>>26159101
based zyzz poster

[Anonymous No.26168384]

>>26167947
>How is this not the most shilled coin, I don't get it

Low-information brainlets i.e. most of /biz/ can't see beyond the next moon.

[Anonymous No.26168591]

>>26168268
t-t-thanks brah
>>26168384
>ost of /biz/ can't see beyond the next moon
little do they know the goal has always been mars

[Anonymous No.26168605]

PLEASE
PLEASE
Lets all just stop talking about it until after we buy up the coming crash.

No more of these threads for at least 2 months.
I beg of you stfu.

[LebAnon No.26168858]

>>26168605
you will never shut up freedom