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File: 24 KB, 758x223, 59364F65-DDCC-45C6-AADE-2F6E10ABCE4E.png [View same] [iqdb] [saucenao] [google]
26182946 No.26182946 [Reply] [Original]

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



>Non KYC:
Local Monero
Crypto ATMs
see: kycnot.me



Gui/Cli (recommended)

IOS: Cakewallet
Android: Monerujo

>Cold Storage

>> No.26183054

Comfy hold

>> No.26183139

Monero is the only crypto I actively use.

>> No.26183164

dead general for a dead coin

>> No.26183351

What’s the deal with this being at an ATL against BTC right now? I mean seriously, it’s lower than before 2017...

Thinking of buying in hard, but need to see it stop sliding. This crypto is seeing a lot of adoption if you know where to look...

>> No.26183372

For what?

Is xmr worth mining with a few year old pc?

>> No.26183404

Have you seen the graph of transaction volume?

>> No.26183513

I love Monero but I can't explain this either. Absolutely destroyed in terms of sats over the past few years. One plausible explanation I've seen is that there is a lot more Monero in circulation than bitcoin, generally attributable to the millions of "lost" bitcoin/those that belong to Satoshi that will never be sold. Monero came into being years later with a more savvy community of early miners that could still be slowly dumping.

>> No.26183529

It's our turn next after LTC, calling it now.

>> No.26183566
File: 1010 KB, 1593x2460, Monero Chan.png [View same] [iqdb] [saucenao] [google]

>> No.26183629

Check for yourself at
And use this calculator

>> No.26183735
File: 1.74 MB, 1150x3896, F544B7E8-7709-4CF5-A59A-E5588942306A.png [View same] [iqdb] [saucenao] [google]

Low market cap doesn’t equal less use.
Monero is being used more than ever.


>> No.26183795

i love it when poorfags complain when the price is low and then complain even more when its goes up high

>> No.26183997

Id actually rather see it start pumping before you buy. Buy the trend up

Can’t tell you either. It has been delisted on a lot of exchanges, and people usually just sell their coins when this happens. Also I can tell you that monero wallets are a pain to work with, endless syncing and the like. Old wallets actually wanted you to pay to fast sync them... bleh

I think that this will need to be tokenized eventually on Ethereum to gain legitimate traction. You still have trouble exiting XMR if you use it

>> No.26184036

transaction volume doesn't make you any money you dumb hodler

>> No.26184303

>fiat paperbux are more important to him than sound value storage


>> No.26184354

He’s a trader and/or moonboi. Ignore him. His type sees profits after trends are nearly complete. They never see maximum returns.

>> No.26184544

purchasing power and opportunity cost are important to me

I 200x'd my money trading in 2017 but cope however you want

>> No.26184925

I'm happy about the price, I'm accumulating. If you look at the fundamentals, you'll know that monero is going to keep going up, both in transactions and in price.
>purchasing power
A low entry point is good good thing. Trading doesn't really belong here, this is a long term play.

>> No.26185382

>for what
lol you serious??

>> No.26185521
File: 7 KB, 128x124, A3253837-0363-4F00-8EA6-C133B053486F.jpg [View same] [iqdb] [saucenao] [google]

Comfy stablecoin hold.

>> No.26185525

I bought a private domain name from njalla yesterday it was really nice. About 0.12XMR for one year.

>> No.26185839

Monero is an awful store of value though. All the places that transact in monero peg their prices to its fiat price anyway.

>> No.26185883

Im with you anon, comfy hold

>> No.26186012

Supply is still limited. Even if Monero is mainly a conduit for now, there is a demand for having access to that conduit.

>> No.26186031

And that’s not the case with every single other crypto in circulation?

>> No.26186057

Do you think it is deliberately being suppressed?

>> No.26186123

We are still in accumulation phase. I doubt there is an inflation bug. Likely its the feds trying to corral its price.

>> No.26186248
File: 75 KB, 638x638, 1611030102871.jpg [View same] [iqdb] [saucenao] [google]

... so buy or no?

>> No.26186375
File: 9 KB, 340x145, Donovan_death.jpg [View same] [iqdb] [saucenao] [google]

This shit's been accumulating for so long I feel like a Chinese peasant on the Long March. Not sure how much longer I can bear it bros
Probably buy

>> No.26186593

The floor for the time being seems to be around 150USD. The Biden presidency will cause many groups to want to come into XMR to escape cancel culture and censorship. Neverminded the fact that you can basically evade taxes and fly under the radar forever. This will create a demand to have cash be converted directly to Monero because all the rich right wing people have normal mom and pop businesses and such as well as the Hispanic communities with their untold amounts of mattress money that is difficult to move. But these people are not usually in the know until people like Alex Jones start talking about it and their buddies at the BBQ. It will likely shoot up to at least 300 by the end of the year if not higher because of the larger criminal communities taking notices and auditing the tech for holes.

>> No.26186744

Didnt say it wasnt.

>> No.26186832

>It has been delisted on a lot of exchanges, and people usually just sell their coins when this happens.
Hard to say. Bittrex didn't have a ton of XMR volume and I can't imagine the Australian ones did either.
>Also I can tell you that monero wallets are a pain to work with, endless syncing and the like.
This really only applies to the official wallet, which is actually way better now than even 3 years ago. There are easy to use lite wallets available now that most normies will use anyway. It's a stumbling block but definitely a minor one. The low price vs BTC is probably something else entirely.

>> No.26186873

the Biden presidency was exactly what i was thinking of when it comes to buying, if monero keeps its current reputation and gets wider recognition as a more secure crypto, value should rise fast.

>> No.26187119
File: 53 KB, 432x432, 1610476089898.gif [View same] [iqdb] [saucenao] [google]

Think about the culture and all the underground shit surrounding Snowden, Assange, Silk Road these things got famous because it started to make people think about privacy. Normies I would have never expected are switching to Signal and deleting Instagram and Facebook shit because of the uncontrolled power these stupid apps have on their lives. Yes there are always more secure things but privacy is an evolving battle. People looking for the short term investment into XMR will probably get flushed out but those who hold will be max comfy.

>> No.26187585
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>> No.26187706
File: 305 KB, 1440x810, image (1).jpg [View same] [iqdb] [saucenao] [google]

Please no more xmr general thread.
Please just stop
Sage sage sage sage sage.
Let me buy. I need more time.
Just wait a few weeks. These threads help nobody. Enough people already know.
Go talk on reddit if you're bored, just stop with the shilling for now

>> No.26187919

how can I buy this if I don't feel like setting up an account with binance, kraken, etc?

>> No.26187959

I wish we could but tacos with Monero.

>> No.26188000
File: 150 KB, 740x640, 13.jpg [View same] [iqdb] [saucenao] [google]


>> No.26188004

ask a friend or relative to register an account for you, probably takes less than 10 seconds

>> No.26188031
File: 110 KB, 900x900, BrotherNathanael.jpg [View same] [iqdb] [saucenao] [google]

More YouTube personalities adding Monero as a option to Bitcoin payments would generate interest.

>> No.26188083

I would order Taco Bell right this instant
Someone get Sunny Decree and the Bitsonar gang on the line ASAP

>> No.26188202

send me Monero, and ill get uber eats too your house

>> No.26188240

Send me monero and ill be your boyfriend on Discord for a day.

>> No.26188279

They’re talking about XMR in /PMG/ c:

They may not be too well educated on crypto, but by golly people are talkin!

>> No.26188347

Why the fuck are you on /PMG/

>> No.26188407
File: 51 KB, 604x453, 05B5E819-D7DA-4BFD-B6B3-D9B8E28B4336.jpg [View same] [iqdb] [saucenao] [google]

Silver and stupid banter

>> No.26188445

Glowie niggers fear XMR.

>> No.26188775

I hate this console wars shit between precious metals and crypto holders. We literally want the same things, and the future is uncertain. Why not diversify?

>> No.26188895


>> No.26188977
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In awe at the size of this lad. Absolute unit.

>> No.26189156

Why would they do that?

>> No.26189530

Why talk about it? Not surprising really. A lot of people that see precious metal as a fungible store of value will be attracted to Monero.

>> No.26189578

Somehow they ended up on Bitcoin which inevitably was divisive and one guy said “Montero” was a better play because it brings crypto back to its drug dealing roots.

>> No.26189604

I just find it odd that any of them would know about Monero in the first place
Classy boomers at it again

>> No.26189826

I mean they’re just a few clicks away and the board is swarming with crypto at all hours of the day, I’m sure plenty of them have at least heard the name, but right now it doesn’t mean anything more than “Bitcoin” meant in 2010

>> No.26189864


>> No.26189917
File: 105 KB, 1024x683, XMRcoming.jpg [View same] [iqdb] [saucenao] [google]

Why? They are not stupid and of all the cryptos XMR should be the most relatable to them. Precious metals are basically an analog version of the anti-tracking, anti-surveillance and establishment play that XMR is.

>Monero might legit be banned at some point.
>BTC can be banned. Monero can't. It matters for BTC since dump hedgies never bought into the anti-establishment aspects of crypto. They were just motivated by price action
Monero is going to be how drug warlords pay for weapons overseas. Doesn't matter what the Fed says.

>> No.26190130
File: 71 KB, 767x610, monero miners 20210118a.png [View same] [iqdb] [saucenao] [google]

i sold my unknown amount of monero at 161
when do I buy in again?

>> No.26190154


>> No.26190232
File: 384 KB, 3648x1853, XMRBTC.png [View same] [iqdb] [saucenao] [google]

XMRBTC-ratio might drop one more time.
Not sure about the USD price.

>> No.26190390

im not too concerned about buttocin, but ive been killing it on DOT, and i think there is a lot more to go.

I think ultimately XMR will get there to, but not on the same time scale as dot

that being said, Jo Bi Deng might really do who knows what to crypto

>> No.26190774
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>> No.26190792

This is precisely the issue. Most people didn't lose their keys like Bitcoin. Also being used for everything from drug sales to tax evasion doesn't help with scarcity. This is why many btc maximalists hate the idea of Bitcoin being passed around on lightning.

Because Monero came way later than Bitcoin it's lunch has been eaten so badly it's like gold where the price is stuck under 2k.

My theory is that when btc reaches 100k XMR will be bought up by the holders of Bitcoin to consolidate their power. The Bitcoin ratio will jump as XMR gets bought up rising to 0.02BTC and likely higher. This is where I will sell. I'll keep 100XMR because I know this is the future. If there is any alt Bitcoin holders find appealing it is XMR.

>> No.26190814

How many to make it tho?
>inb4 undisclosed amount

>> No.26190905

Assume that the possibility of 5-figure XMR is within the decade.

Do your make it math off of that assumption

>> No.26191179

no they probably use it all the time. its useful to them

>> No.26191646

XMR/BTC ratio is at lowest point but will it ever return to 0.01 territory or is it doomed to only decrease over time given that btc is more scarce.

>> No.26191696

Tezos is getting private transactions next month. Is there any way XMR can compete with private transactions/smart contracts?

>> No.26191812

Monero can be tracked, use 0xMonero

>> No.26191962

What time is it where you are

>> No.26191965
File: 157 KB, 1024x683, masternaut.jpg [View same] [iqdb] [saucenao] [google]

Is that a low mid high or [unknown level] 5 figure mate ;)

>> No.26191986

It's 1PM in Mumbai

>> No.26191995

I’d say lower end to maybe 30k

Of course, crazier things HAVE happened...

>> No.26192039
File: 44 KB, 360x360, Monero Moving Forward.gif [View same] [iqdb] [saucenao] [google]

Here is the slightly better version if you want, I messed up the lighting of the Monero logo on the first one. Even this one could still be better if anyone likes modifying

>> No.26192075
File: 221 KB, 792x797, 0xmonero-shit.png [View same] [iqdb] [saucenao] [google]

nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project

>> No.26192110

That's quite conservative my friend, but it should suffice for a [unknown multiple] x make it stack,

>> No.26192209

that link doesn't work for me

>> No.26192310

they work for me
one is split over two lines due to formatting issues
work with me here

>> No.26192337

18.7 suicide stack
50 comfy stack
100 make it stack


>> No.26192362


>> No.26192363



>> No.26192449

i fixed it, browser did a weird redirect
thank you

>> No.26192479

np, have a good day

>> No.26192623

hecked and all but i'm actually worried for him.. yes i know this is old pasta, just honestly worried cause he seems like a good person

>> No.26192748

so you made 200$


>> No.26193096
File: 198 KB, 2048x1152, LOKI IS THE GOLDEN OX.png [View same] [iqdb] [saucenao] [google]

Imagine buying XMR chinese ponzi miner coins at 1,500X instead of LOKI which is not only a better spec bet but a better hold in general.

>> No.26193240

>but a better hold in general
[citation needed]

>> No.26193576

This shitcoin is really suppressed. State actors like North Korea accumulating?

>> No.26193610

it's the only coin on coinmarketcap who is on the 7D timeframe -7%. Absolute shit is mooning but XMR is not going up

>> No.26193648

Market has decided Monero is a shit coin??

Last few months have been horrendous

>> No.26193784

Kek. Wanna go to the Bakhleet's for curry tonight? I'll treat you.

>> No.26193828

absolute state of this coin

>> No.26194282

Normally I'd be celebrating this low price but I'm damn near all-in at this point. Ready for number to go up now.

>> No.26194384

More complicated then that. Believe it or not but XMR is one of the very few coins that is effectively detached from the BTC market.

XMR was mooning a few years ago when BTC took fat dumps. Or more recently it was busy doing nothing while the entire market was crashing.

Nobody knows wtf Monero is doing. The price is prob low because a lot of whales are still selling of their stacks.

>> No.26194872


So, the market has decided Monero is a shit coin.

Nearly all other alts have gained tremendously over the past few months, Monero has gone backwards

>> No.26194894
File: 65 KB, 640x648, 1610630136980.jpg [View same] [iqdb] [saucenao] [google]

Please sell all your XMR and don't come back to our threads.

>> No.26194983

ok so all this fud and crabbing made me bullish
be greedy when other are fearful etc
I'm officially balls deep in this shit, for better or worse.

>> No.26195005

Please sell all your XMR and come back to our threads crying when it 10x out of nowhere on one day :^]

>> No.26195157

There was some article that said North Korea has increased their XMR mining efforts this year. Hope Kim will pump our bags

>> No.26195239

i am gonna draw a black version of the monero girl :3

>> No.26195410

please don't

>> No.26195506

maybe he means in black clothes

>> No.26195514


Offloaded my Monero for ETH @ 800

About +60%, lucky I got out of this coin, great tech and all that but market/price it is going nowhere and has gone nowhere for months now.

>> No.26195670

you do you man, chase that instant gratification.

>> No.26195737

well thats why 99% of people are in crypto, for a profit.

>> No.26196053

Yeah XMR is definitely a laggard when it comes to gains. Even in 2017 it was one of the last ones to pop if I recall correctly. So you'll see ADA, ETH, LTC, DOT pop first then XMR will catch up because it will be perceived as undervalued by BTC holders. Then boom, it spikes and you've missed out because you didn't hold any.

>> No.26196265

thats alright, i understand, but it's also precisely my point. you are absolutely free to do what the other 99% is doing.

>> No.26196356
File: 169 KB, 1020x1020, 1594730891072.jpg [View same] [iqdb] [saucenao] [google]


>> No.26196372


How would I have missed out when I am in another coin and already +60%

When will Monero be +60% of where it is currently? Months? Years??

>> No.26196410


>> No.26196453

what is funny anon

>> No.26196595

green id says it'll be great. go for it anon

>> No.26197185
File: 120 KB, 450x568, 1611009689542.png [View same] [iqdb] [saucenao] [google]

Here's a thought.. let's all buy a Raspberry Pi, and create a Monero node to strengthen the network too strengthen our gains?

>> No.26197315

Don't forget the epic pumps from fall 2016. Xmrbtc pumped big time in August 2016 and then took until August 2017 to surpass the heights.

>> No.26197809
File: 455 KB, 1080x2240, Screenshot_20210119_122519_com.android.chrome.jpg [View same] [iqdb] [saucenao] [google]

These days were like the worst of all the top 100 coins.

>> No.26198359


Buy signal everybody

>> No.26198394


>rare pepe
>thanks anon
bless your gains

>> No.26198426


fact checkers?

>> No.26198486

Since XMR is decoupled now it is entering previously unknown waters. Only time can tell.

>> No.26198520

An unknown timespan

>> No.26198924

I only believe decoupling if XMR rises while DeFi coins are dying. Until then it is just underperforming.

Appealing of DeFi: Are there already markets where wrapped XMR can be traded?

>> No.26198941

this is due for a pump, im going in

>> No.26199423


Pump it

>> No.26200279


>> No.26200357
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>> No.26200368

The only coin that is actually being used as a cryptocurrency.

>> No.26200487

XMR was rising when the entire market was crashing so including defi or whatever scam is hot atm. Wtf you on about?

>> No.26200665

I'm starting to believe monero has actually decoupled from btc.
That's why the btc/xmr ratio has gone all screwy and why xmr no longer follows the market.

xmr reflects the cryptocurrency market, while btc reflects the speculator market.

>> No.26200688

So 2x best case scenario when there are a hundred other alts out there that could do that in a week ? I just dont see it guys, this coin is already in the top 20 and has been crabbing along for ages now.

>> No.26200724
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nobody expects the monero moon

>> No.26200842

It's a long term safe bet. No money but long months off slow gains and crabbing

>> No.26200919

Better benchmarks here imo https://xmrig.com/benchmark

>> No.26200977
File: 557 KB, 596x723, suffers.png [View same] [iqdb] [saucenao] [google]

Are you blind?
Upside is 20x on the BTC-ratio alone
If BTC stabilises around 70k that's 40x in USD.

>> No.26201008

Tezos is getting private transactions next month. Is there any way XMR can compete with private transactions and private smart contracts?

>> No.26201032

Based. Give her curly hair, not that fake weave shit.

>> No.26201053

Based thumbnail poster

>> No.26201212
File: 47 KB, 1197x1010, 1609853075307.png [View same] [iqdb] [saucenao] [google]

yeah the generals usually are slow but some of them have great discussions, I think most people already know what monero is there's not much to talk about, we are not trying to shill it or make crazy gains anyway, that's why people say comfy hold, they trust the fundamentals

>> No.26201265

PIVX and Komodo—have integrated Sapling as well, so it is not unheard of elsewhere.

Furthermore, other blockchains have similar features. TRON introduced zk-SNARK-based privacy in a summer upgrade last year.

>> No.26201303

Monero's privacy is still the gold standard and will likely remain so for quite a few years yet.

>> No.26201418

Still all of these are second class privacy more or less.
Tezos devs themselves write:
>The intent is not to make Tezos a privacy coin, but rather to give to the user the liberty to exchange privately, while letting him handle it’s own regulatory issues.
>The pro’s are a privacy feature, that can be used by anyone, to handle tez or other kind of token. This is different than having first class private transaction, which we chose not to propose. Ethereum has the same capabilities and was not delisted, which makes us think that we would not be either.
Note also that a user that did not interact with a shielded pool can easily show that it was the case. (...) Moreover the total amount going in and out of a shielded pool is public.

>> No.26201484

Feels to me that many players just want enugh privacy to get it off their bucket list.

>> No.26201504
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very based. it's time to a c c e l e r a t e

>> No.26201652
File: 58 KB, 499x500, 1603734428920.png [View same] [iqdb] [saucenao] [google]

kek this is the type of meme I want to see

>> No.26201699
File: 254 KB, 1286x677, 92E3570F-23D1-4FF4-A2E7-43507966435F.jpg [View same] [iqdb] [saucenao] [google]

Riccardo needs to take the Peat pill.

In the spirit of the /general/ cross-posting ITT (/pmg/) I'd like to encourage my fellow monerobros to check out the Ray Peat/Anti PUFA general on /fit/. Polyunsaturated fatty acids are the major root cause of the world's growing obesity and health problems. Fluffypony would get loads of pufas since he's always eating at restaurants.

>> No.26201807

Anons, what do you think our future with regards to regulation is?

inb4 atomic swaps

>> No.26201816
File: 3.16 MB, 1080x1519, 1609875205536.png [View same] [iqdb] [saucenao] [google]

by being private by default. having a "privacy option" just makes you stand out more. it's like using Tor browser to use Facebook, this just makes you look more suspicious and looking like you have something to hide

>> No.26201895
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>> No.26201908

>Monero price moves differently from all other altcoins (shitcoins)
>Monero is a shit coin
Lol. Obviously this only reinforces the fact that Monero is the only non-shitcoin.

>> No.26202023
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>> No.26202216
File: 25 KB, 358x480, 1581923776937.webm [View same] [iqdb] [saucenao] [google]

Why would they take their tops off but not the bottoms? Doesn't make sense to me.

>> No.26202329

Thanks anons

>> No.26202334

Whoops meant to link it >>59420090

>> No.26202337
File: 23 KB, 640x428, based.jpg [View same] [iqdb] [saucenao] [google]

there's no going back once the XMR pill has been swallowed

>> No.26203293

Based image

>> No.26203697 [DELETED] 

how fucked is monero?

>> No.26204315

PMG boomers and Monero chads have common distrust for government, not a surprice there is cross posting. Monero is one of the cryptos even PM boomers find value in.

>> No.26204375
File: 7 KB, 1280x1280, monero.png [View same] [iqdb] [saucenao] [google]

I've been mining Monero for a few months. It's the only coin that I know of that you don't mine with GPU, which is nice. I have all 3 of my old laptops mining it, making themselves useful.

>> No.26204414

>Is xmr worth mining with a few year old pc?
Yes, XMR is a perfect coin to mine with your old PCs. All you need is a processor, no GPU required.

>> No.26204506

The other interesting thing about Monero is that there is a 99% chance that the creator of Monero is Satoshi Nakamoto. He created it 3 years after he created Bitcoin.

>> No.26204687

You can't just add privacy on as an afterthought. This question has been asked before when Litecoin started looking to add private transactions. Privacy only works when it's the entire system.

>> No.26204815

Good for a node but you can't really mine monero with a raspberry pi because monero mining is CPU-based unlike 99% of other cryptocurrencies.

>> No.26204882


Fucking based

>> No.26204898

>I have all 3 of my old laptops mining it, making themselves useful.
What laptops and what's the total hashrate? I have a couple of old laptops laying around too but I figured they would be so slow it wouldn't be worth it.

>> No.26204970
File: 3.16 MB, 640x480, use-monero.gif [View same] [iqdb] [saucenao] [google]

>You can't just add privacy on as an afterthought. This question has been asked before when Litecoin started looking to add private transactions. Privacy only works when it's the entire system.

This. The brainlets on /biz/ seem to think all crypto "privacy" is essentially the same.

>> No.26205178

Total hashrate is ~15kh from my 3 old laptops which produces around 0.01 xmr per day. It aint much, but those laptops are useless anyway. When I was mining BTC in 2015 I got around 0.01 btc per day. I sold most of it as i mined it instead of holding. Not going to make that mistake this time. Everything I mine is for hodling. On my pc I mine ETH with 3 gpus.

>> No.26205272

I'm mining on 6 of my old phones, do it anon

>> No.26205424

Thanks Capitan obvious, I was referring too the node not CPU mining, don't go full retard on us now

>> No.26205583

In that case yes. I have a machine that hosts nodes for several cryptocurrencies, monero, bitcoin, stellar, chainlink, and ethereum. Basically everything i hodl

>> No.26206499

I went to bed and woke up and the Euros kept the thread going all night I’m so proud of you guys.

>> No.26206881
File: 123 KB, 1025x1199, iinbifxj2la61.jpg [View same] [iqdb] [saucenao] [google]

>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.

>> No.26206992

When I try to transfer from the cli I get this output: "Transaction spends more than one very old output. Privacy would be better if they were sent separately." What does this mean? I have received sums that are from this year, and more than what I am trying to send.

>> No.26207129

The algo randomly chooses txn for ring CT based on age. Sounds like your txn is trying to compile a ring with more old txs that the standard amount (think it's just 1 aged for now). Make sure your client is up to date.

>> No.26207144 [DELETED] 


seems like 1 transaction should only point to 1 output for optimal privacy

>> No.26207170


I think we the monerization will come sooner than people imagine. Everybody will try to hide their wealth. There is no other way than using Monera. Fuck exchanges

>> No.26207554

I’m picturing like a 70’s gogo dancer but Monero themed.

>> No.26207872

Monero: sound money.

>> No.26207913

Thanks, anon. Sound strange. The version is "v0.17.1.9-release". I tried the same transfer with the monero-wallet-gui, and that worked.

>> No.26208104

monero-wallet-cli is giving me problems as well. I use a Trezor and can't open my Monero-Trezor wallet via the CLI, but it works with the GUI.

>> No.26208394

Monero will always be the last missing puzzle of crypto for me. Bitcoin is gold, Ethereum is oil, but only Monero fills the role of cash.

>> No.26209390

Lmfao at that gif

>> No.26209537
File: 43 KB, 569x569, 1608555190546.jpg [View same] [iqdb] [saucenao] [google]


>> No.26209710

I love that video
truly explanatory and based
comfy af thread

>> No.26209760

>1 post by this ID
DeAd GeNeRaL fOr A dEaD cOiN

>> No.26209942
File: 503 KB, 914x1343, 1609857075223.jpg [View same] [iqdb] [saucenao] [google]

Me too, and it's very recent as it goes through the pandemic etc. Probably the best video to show beginners if they want to research in depth

>> No.26210153

Anyone watch the new monero talk with arctic mine? I gotta check it out.
For the unaware, Arcticmine is a huge reason monero has dynamic block size.
Link: https://youtu.be/WZItfC5d8Bc

>> No.26210601
File: 1.14 MB, 2208x1242, 0DDCAFC3-0A39-491D-BBA1-72CE065DB563.png [View same] [iqdb] [saucenao] [google]

Wait isn’t this very low for monero or am I missing something I don’t watched before of it but will do

>> No.26210667

Yeah I watched it yesterday I thought it was funny how he basically called out the blockchain monitoring companies for lobbying against Monero because they're powerless.

>> No.26210678

You would have to be a right spacker to not have at least a little bag of xmr.
It’s the only coin actually being used in the real world.
EVERY market will be monero only by the end of the year

>> No.26210717

Monero not being a top 3 crypto is proof the crypto market hasn't peaked.

>> No.26210769

Fucking based.

>> No.26211097
File: 461 KB, 828x1388, 864547.jpg [View same] [iqdb] [saucenao] [google]

>called out the blockchain monitoring companies for lobbying against Monero because they're powerless.

This kind of approach just emboldens criminal use of XMR. Anything suggestive of governmental frustration or fear further reinforces Monero's reputation for reliability.

If they actually ban XMR it'll come off as the ultimate USE MONERO, IT WORKS! advertisement.

>> No.26211098

extremely based

>> No.26211357

based XMR chad
Monero is making them seethe so much and this unironically brings me joy

>> No.26211425

Because you XMR price will pump before you buy back in.

You can't compare 2021 with 2016/17. Totally different circumstances.

>> No.26211847
File: 177 KB, 640x640, 98749283742342564.png [View same] [iqdb] [saucenao] [google]

>Are Cryptocurrencies 'Super' Tax Havens?

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


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.


>> No.26212288
File: 769 KB, 1024x683, 1609989293077.png [View same] [iqdb] [saucenao] [google]

Who else here starts feeling the tingle of the coming bull?
XMR feels like edging very very long.

Do you hear the anons sing?
Singing a song of unkown men?
It is the music of a people
Who will not be observed again!
When the beating of your heart
Echoes the pumping of the chart
There is a bull about to start
When tomorrow comes!

Will you join in our moon-mission?
Who will be strong and hodl with me?
Beyond the meme lines
Is there a price you long to see?

Then join in the coin
That will give you the right to be free!

Do you hear the anons sing?
Singing a song of unknown men?
It is the music of a people
Who will not hear FUD again!
When the beating of your heart
Echoes the pumping of the chart
There is a bull about to start
When tomorrow comes!

Will you buy all you can buy
So that Monero may advance
Some will lose and some will gain
Will you stand up and take your chance?
The blood of the leveraged
Will make volatility dance!

Do you hear the anons sing?
Singing a song of unknown men?
It is the music of a people
Who will not pay tax again!
When the beating of your heart
Echoes the pumping of the chart
There is a bull about to start
When tomorrow comes!


>> No.26212599

based XMR chant

>> No.26212678

I have a question. Let’s say I want to cash out for whatever reason. I exchange whatever I’m holding for Monero and then what? Where do I go to cash out the Monero? Or do I just hold in Monero?

>> No.26212784

>I have a question. Let’s say I want to cash out for whatever reason. I exchange whatever I’m holding for Monero and then what? Where do I go to cash out the Monero? Or do I just hold in Monero?

You mean coin mixing? You exchange for XMR and then back again. This process will be streamlined with atomic swaps (COMING SOON).

>> No.26212891

So I exchange, let’s say LINK for XMR. Then back to LINK. Then I cash out the LINK? Due to the way XMR works this would essentially be like tax evasion?

>> No.26213000

>I exchange whatever I’m holding for Monero and then what? Where do I go to cash out the Monero? Or do I just hold in Monero?
Depends really on your personal and local situation.
Monero gets rid of any trail and taints that your previous holdings might have had.

>> No.26213105

If you mean trading your XMR for fiat, you’d just send it to an exchange that you have bank withdrawals set up on, sell it for fiat and just start your bank transfer. Often, if there’s not an actual fiat pair with XMR on the exchange (rare) there WILL be an XMR/BTC pairing, and a BTC/fiat pair.

There’s other peer to peer options like localmonero that help with privacy if that’s what you’re looking for.

>> No.26213119

I’m in the US. This is all academic and completely hypothetical of course. Seems like it would just be prudent to do this before doing any swapping in my wallet going forward though. Like if I were to buy say GRT, then send to my wallet, then swap GRT in wallet for XMR and then swap back, for example?

>> No.26213176

I’m basically looking to simplify the tax burden for when/if I cash out. Having to deal with crypto-crypto in the US is annoying and if I have to pay taxes I would prefer to just pay the capital gains on cash out.

>> No.26213303

>So I exchange, let’s say LINK for XMR. Then back to LINK. Then I cash out the LINK? Due to the way XMR works this would essentially be like tax evasion?

XMR is like a black hole, once your transaction goes in it becomes untraceable. When you swap back into LINK you have essentially given your blockchain history a new identity that can never be traced back to your original LINK history since Monero was the intermediary.

>> No.26213318

What exchange let's me swap xmr for "coincaine"?

>> No.26213410

That’s fucking awesome. So my idea of using XMR as a medium of exchange is perfect then.

>> No.26213424
File: 21 KB, 700x394, 1604407753908.jpg [View same] [iqdb] [saucenao] [google]


>> No.26213471

/r/darknet *** my bad

>> No.26213578

feels comfy doesn't it?

>> No.26213588
File: 90 KB, 649x769, 1590439970599.jpg [View same] [iqdb] [saucenao] [google]

Imho the way that gives you maximum control is to use XMR as an interface to the KYC-government world.
Cash -> KYC-Exchange -> BTC (or XMR directly) -> XMR -> "Non-KYC exchange with wild trading back and forth" -> XMR -> KYC-Exchange -> Cash

The issue is that you can only ever cash out XMR that you bought originally and the remaining profits will have to accumulate in your XMR wallets. However, you could also exchange these to BTC or something else but basically, these coins could never touch the KYC world. Alternatively you could claim to have some sort of XMR mining operation going on that would be the reason why you might cash out more XMR than you originally bought.

>> No.26213661

i missed the bullrun holding this piece of shit

>> No.26213716

also im shutting off my node for what you've done. xmr needs to be punished for costing me money

>> No.26213726

then sell and buy the ones that will moon

>> No.26213791

don't be mad
HODL and you'll be the victor in the end
Maxis are gonna seethe

>> No.26213858

I don’t think I would ever cash out the XMR. I would more likely convert it to BTC then send to KYC for FIAT. That works as well, yes?

>> No.26213906

that was close, i almost sold

>> No.26213943

what do you mean anon? this is not the expected price, as it would be low for Bitcoin as well lol

>> No.26214047
File: 80 KB, 247x139, 2B6FEC3E-76F3-4BE6-82DD-CA771C856A1E.png [View same] [iqdb] [saucenao] [google]

xmr is legit but boomer-tier tech
SUTERUSU is the patrician’s privacy pick for the future

>> No.26214208
File: 371 KB, 1279x1751, 1609901832007.jpg [View same] [iqdb] [saucenao] [google]

this is so beautiful anon

>> No.26214307

>I don’t think I would ever cash out the XMR. I would more likely convert it to BTC then send to KYC for FIAT. That works as well, yes?

Yes. Just remember to break things up into smaller, irregular transactions, basic OPSEC.

>> No.26214376

Yeah, it’s a bad idea to cash out large amounts all at once no matter what.

>> No.26214632
File: 543 KB, 1106x1012, dj billybool pepe.png [View same] [iqdb] [saucenao] [google]


>> No.26214934

XMR is excellent for laundering crypto

>> No.26215081
File: 30 KB, 640x721, wash-your-taint.png [View same] [iqdb] [saucenao] [google]

>>XMR is excellent for laundering crypto

>> No.26215472
File: 195 KB, 1000x666, 2FAFC561-E0DD-4090-A38C-DDEA5AA1CF7B.jpg [View same] [iqdb] [saucenao] [google]

The idea is to filter everything through monero. Let’s say you buy some BTC or LINK on an exchange with $USD. You convert it to Monero and send it to an off-exchange Monero wallet. From there you can convert to any currency you want and nobody will know it’s yours. As far as the government can prove, that money is gone from your possession, untraceable. They can’t see how much Monero is in your wallet, and they can’t see where that wallet sent Monero. You can convert it back into Bitcoin and keep it in an anonymous wallet that the government cannot possibly tie to you since you laundered it through Monero and broke the chain.

>> No.26215694

So, let me get this straight
>Buy LINK on normiebase
>Send to Exodus
>Swap for XMR
>Swap XMR into whatever the fuck I want
>When I want to cash out swap back into XMR
>Swap XMR into LINK or whatever
>Send back to normiebase
>No taxes paid on crypto-crypto
Is that right?

>> No.26215810
File: 597 KB, 1680x1050, 579045.jpg [View same] [iqdb] [saucenao] [google]

Pretty much. Every swap into Monero wipes the slate clean.

>> No.26215835

Does someone know the story to fireice_uk, the rouge ex developer?

>> No.26215882

That’s hilarious. Do you even pay capital gains on this? Since there’s no record of any gain doesn’t it just look like money appeared from the ether?

>> No.26215895

you do have to pay taxes on link-xmr and xmr-link

>> No.26215925

Im getting tired of goverment restrictions. What do you guys think the expected price will be?

>> No.26215942
File: 65 KB, 1024x768, 1610368532471.jpg [View same] [iqdb] [saucenao] [google]

>Does someone know the story to fireice_uk, the rouge ex developer?

Legit mental patient, got royally butthurt when one of his proposals was rejected so he made his own Monero fork and now spends his time pretending he can de-anonymize XMR users.

>> No.26215986

regarding https://monero-badcaca.net/

All he is doing is taking IP addresses that you can pick up from running a node and running it through a torrent search (to see what torrents that person downloaded). He then makes up porn descriptions to smear the person.
It doesn’t reveal anything about the transactions — if a person made a transaction, when they did, how much they did, etc.
regarding ciphertrace:
Filing patents mean nothing. You can’t directly trace monero, as has been literally confirmed by the cipher trace ceo himself.

>> No.26216008

You will always owe taxes when you sell crypto for fiat. The idea is to avoid taxes on savings, which exist in many countries (not the US). If you want to dodge income taxes then you need to be paid in crypto. Then the tax man has no idea of your actual income.

>> No.26216034



easily debunked
stay based brother
let them seethe

>> No.26216059

Only if you hold the XMR/LINK and it gains though, right? It might gain or dip a little while doing the process but that pales in comparison to the cost otherwise, no?

>> No.26216076

No the taxes are on fiat trades. Like buying/selling Bitcoin with dollars or euros.

>> No.26216138

Cool, love that. Sounds like crypto is new savings account. Fuck this 1.9% interest bullshit. Especially with the printing spree the Fed is doing.

>> No.26216188

Yes, exactly.

>> No.26216195

Exactly right. I remember a few years ago the government of Cypress started withdrawing money from people’s savings accounts to pay debt to the Germans or whoever. Perfect case for keeping your savings in crypto.

>> No.26216301

>1.9% interest
it's literally 0.11% here

>> No.26216407

If you make gains, you are good provided they don't do chain analysis and see the LINK appear from different wallets (or the LINK is dirty). If you lose, I don't know how you could write those losses off.
If you use Bisq, you can buy BTC ->XMR and put the XMR -> whatever coin from a non-kyc exchange/dex and trade that way afaik. DEXs will set us free

>> No.26216435


> All he is doing is taking IP addresses that you can pick up from running a node [...] It doesn’t reveal anything about the transactions — if a person made a transaction, when they did, how much they did, etc.
Jup, I thought that was the case. If he had broken it, he would've sold that information already. But knowbody wnat to buy the crubs he has, apperantly.

>running it through a torrent search
ah, ok now the whole concept of the page makes sense

>He then makes up porn descriptions to smear the person.
lowlife move to drag random strangers into shit like this

Thanks, that's what I was curious about

>> No.26216530

stay based bro

>> No.26216593

In this scenario everything would be done from my singular wallet. So, I can basically hold for big gains, swap to Monero when/if I want to cash out, and then pay no taxes on the gains just the FIAT itself?

>> No.26216705

Kek, this reminds me of the REQ FUD from 2017, where "the token burn chose coins in my wallet, they burned all my tokens!" Truly clown world we live in.

>> No.26217158
File: 100 KB, 1752x1267, ecn99l81xh861.png [View same] [iqdb] [saucenao] [google]

>> No.26217165

I have no clue. At this point my only explanation for this market is that XMR completely, unironically has decoupled from the rest of crypto. In the Bitcoin/crypto world there's currently a bull run but in the XMR world we're either in a crab or bear phase depending on which ratio you look at. If XMR starts mooning shortly after crypto dumps then you know for sure it's uncorrelated.

>> No.26217306

xmr to gold to cash is an option

>> No.26217677

>xmr to gold to cash is an option

Given how XMR is set to become inundated with shady capital I could definitely see governments specifically banning the sale of bullion for Monero/privacy coins.

Probably wouldn't for maincoins so atomic swaps become essential here.

>> No.26217761

Lol so then I will just use xmr.to.
It’s so funny how these government “bans” work. All they do is give clout to Monero.

>> No.26217782

>Probably wouldn't for maincoins so atomic swaps become essential here.
I didn't realize this was a thing (soon). Perhaps I will try to contribute to the github repo. Monero is C++?

>> No.26217901

it looks like miners getting steamrolled by the tank

>> No.26218313
File: 50 KB, 234x215, 1609942827010.jpg [View same] [iqdb] [saucenao] [google]

>I didn't realize this was a thing (soon). Perhaps I will try to contribute to the github repo. Monero is C++?

There are currently 2 teams working on atomic swaps, officially only one (Farcaster).


COMIT team aren't officially engaged but are nonetheless working on the front-end.


>> No.26218389

yup it is
one of the reasons I'm refining my skills again

>> No.26218424

Oops, disregard the first link.


>> No.26218617
File: 189 KB, 1610x876, 1609743582582.jpg [View same] [iqdb] [saucenao] [google]

Based anon. good choice

>> No.26218635

Nice little pump here. Very comfy.

>> No.26218720
File: 584 KB, 735x690, monegro.png [View same] [iqdb] [saucenao] [google]

Irreverent marketing is based.

>> No.26218907

that doesnt work though, imagine kindergarten math, when they tell you a square can be a rectangle but a rectangle cant be a square. in that basicness, if bitcoin cant fill the roll of a currency then its hard for it to be money, but monero can be a currency so it can also be a store of value

>> No.26218929
File: 44 KB, 1828x940, triangle.png [View same] [iqdb] [saucenao] [google]

is this it anons? is the triangle breakout imminent?

>> No.26218942

pump is starting lets goooooo

>> No.26218996
File: 64 KB, 956x521, EntcXBmXMAAKuy6.jpg [View same] [iqdb] [saucenao] [google]

finally frens, this was a long and annoying crab

>> No.26219041

its up like 5x since march lmao

>> No.26219172

yeah but it's been on the same range for 100 days now kek

>> No.26219273

XMRBTC also looking VERY juicy

>> No.26219402


>> No.26219507

please be real

>> No.26219660

this dude just uploaded this video lol great timing?


>> No.26219769

Fuck no, I want to accumulate more.

>> No.26219854
File: 23 KB, 600x439, db4.jpg [View same] [iqdb] [saucenao] [google]

Is there any DEX out there where I can trade and still use stop loss? HELP!

>> No.26219856

I've with monero through this guy. What a chad /g/ poster

>> No.26219881

The most based and redpilled currency
fuck niggers
fuck trannies
and fuck feds

>> No.26220067

Fomod this because it's literally the only real crypto.
How much is monero going to dip when bitcoin crashes to 5k?
Crypto "investors" don't even know what the point of crypto is so expecting them to buy the only real coin is a bit of a stretch, even when it would be the obvious choice.

>> No.26220158

I did buy some suter in february last year. So far the position is -63%, including the staking rewards.

>> No.26220201

Dangerously based.

>> No.26220233

Good take, I'm actually monitoring a basket of cryptos that follow the same pattern that's what drew me to xmr in the first place. Then I started reading the subreddit and there's some pretty based dudes in there and good discussions

Anyway the crypto market really is separate from the speculator market. So long as you are able to understand the gist and activity of a github, that's where you can find the next gem

>> No.26220261

theyre sluts not whores anon

>> No.26220480

"Know Your Bitches" 101

>> No.26220789

okay im trying to take the crypto/monero pill but im facing some problems,
crypto is illegal in my country(3rd world shithole), so im wondering if theres a way to bypass my governments kike rules safly?
execuse my ignorance /biz/ chads im 18 and trying to get into investing to save my future

>> No.26220879

maybe localmonero and a vpn / tor
not an expert, some will have more complete answers for you
if anything careful with crypto don't fuck even more your future

>> No.26221050

im trying to get into investing generally and thought id start with crypto because there seems to be a big fuss about it.
i don't understand though, how could it be "illegal" and how would they know anything when its anonymous and without KYC

>> No.26221076

Mining might be your best option.

>> No.26221225

highly illegal and heard a lot of horror stories about people getting arrested because of it

>> No.26221290

They don’t know anything, they can only know something when you use a bank to buy it, which is kinda necessary right now unless you find a way to work for crypto and have someone send it to your crypto wallet.

>> No.26221344

A crypto only swap meet would be fun. I want to spend my XMR on something practical.

>> No.26221363
File: 255 KB, 1242x1427, 6AE9750C-256D-4CEF-9427-1ADE919172DC.jpg [View same] [iqdb] [saucenao] [google]

>crypto is illegal in my country
That sucks mate. There are only 5 countries in the world that have banned crypto and you had to be born in one of them

>> No.26221375

6* countries

>> No.26221421

See >>26221290
Unless your ISP is reporting on your activity to your government (highly unlikely if you're just mining), you are safe to mine. You could access mining networks through tor/VPN if you were really concerned. Chances are unless you have access to a lot of CPU power that you would be mining a trivial amount of XMR anyway, but it would be a foot in the door to crypto.

>> No.26221445

so basically if im getting payed in crypto its safe but if im directly paying for it with my bank account thats when shit goes south,
im guessing thats when p2p comes into play, it doesnt show that im paying for "crypto" unless its a pig on the other side.


>> No.26221524

Why the fuck would they ban crypto? It's so retarded because then the local crypto businesses will probably just move abroad

>> No.26221583

fucking kikes, if theyre not controlling it and getting a piece of the pie, its "haram" fucking kike is a disgrace

>> No.26221637
File: 17 KB, 737x145, kikes.png [View same] [iqdb] [saucenao] [google]

forgot the pic

>> No.26221948

Hey anon, I did a quick google search and it looks like it’s possible to get bitcoin in Egypt. Is this law something that is localized?

>> No.26221957

It's going to be a interesting new world.

>> No.26222083

uhm are you sure anon?
did you see >>26221948 pic related?
or am i retarded?
no it should be a law on everyone.
excuse my ignorance if im dumb im new to all of this

>> No.26222195

can confirm
there's a diff between banning it aka going to jail and our shitty banks calling them a ponzi scheme, meanwhile they pull the biggest one of all and cuck us out of our savings
based neighbor
here we only deal peer to peer since even localbitcoins is banning the users
don't you have some social media groups or telegram groups like us to exchange knowledge and trade?
the way we cash out here is basically posting that I want to buy or sell an unknown amount so on so forth
good on you for getting ahead of what's coming

>> No.26222399

yeah can confirm
banking restrictions in the 3rd world basically block paypal and other "western" ways of getting or sending money
we never could purchase from cuckbase, binance etc... but can use them to convert and trade
ironically, there is an exchange in the bahrain that wanted to allow us but after US sanctions started we mysteriously got black listed lol
cashing out crypto is done the right way here my brothers, peer-to-peer, like Satoshi wanted
thus, Monero stands for what people think Bitcoin is

>> No.26222401

no i actually dont know any groups, not really looking to joining any either since i dont know who is on the other side and im not looking forward to getting sacked.
i dont get what youre saying though, do you mind explaining a bit more?

also what about pre paid cards?

>> No.26222476

How do you do it, anon?

>> No.26222529

could you explain a little more anon? does than mean that buying P2P is safe in countries where its illegal? am i gonna get sacked? do you know any walk through or something like that, that can help me understand a bit more?

>> No.26222737

we don't have any prepaid cards and paxful does not allow us to sell steam shit etc... plus I dont trust this
we built a secure network and a voting system for trades when you have a successful one, and meet publicly
when I go sell let's say 50$ I always bring a friend because you never know
the central bank here banned skrill 2 years ago as well since e banking always stated that attempting to buy crypto will get you banned
let's say you use localmonero or bitcoin, we have a telegram group and state: Want to sell 50$ monero for 50$ cash in x area and we talk and meet up
here its illegal to purchase and I reckon its the same in Egypt
so they ban you from e purchases but fuck banks and KYC, but they cant arrest you for using bitcoin
there are politicians here who purchased sadly and I fucking loathe the morons that sold them
fiat corrupts
tell me about your monero journey if you dont mind brother

>> No.26222837

do you have telegram?
add t dot me slash joinchat before Vdvqna4_7ueAIur9Vdvqna4_7ueAIur9
join our humble comfy chat and I'll explain more in details if you want

>> No.26223026

Wish they’d hurry up with atomic swaps. What are the risks that you end up getting g tainted or black listed btc in the atomic swap pool?

>> No.26223161

Mental Outlaw is based as fuck. I thinking he should do a video about Monero yesterday actually. He couldn't have timed it better if he was reading my mind.

>> No.26223196

Reddit cucks are saying atomic swaps are already here but very difficult and user unfriendly.

>> No.26223211

I know right?
I watched this vid today and shared ttf out of it

>> No.26223269
File: 150 KB, 1600x990, call.jpg [View same] [iqdb] [saucenao] [google]

okay, so i'm a newfag who's deciding to go into monero for my first crypto. i made a wallet on the gui application, and now i'm going in to actually buy some. is there a way to link my wallet to binance or do i buy it on binance and then transfer it to my gui wallet?

>> No.26223378

You have to buy on binance and then send to your gui.
Welcome aboard anon!

>> No.26223407

The second one, buy on Exchange and send to your wallet.

>> No.26223622

okay that's what i figured, thanks for the help
happy to become a monero chad!

>> No.26223634

>Wish they’d hurry up with atomic swaps. What are the risks that you end up getting g tainted or black listed btc in the atomic swap pool?

Pretty high at first, those with dirty coins will be the most incentivized to put them through the wash. Which is why XMR holders who are willing to take the risk will be charging a healthy premium for the service.

However, you also gotta figure that those only there to clean their coins will instantly swap back into BTC, thus keeping the bitcoins circulating, if you get tainted coins you just pass them onto the next guy when you swap back into XMR. Rinse and repeat.

I expect that simple blockchain scanning might eventually be incorporated into the process to determine how "virginal" the BTC is, since a smaller blockchain history = more likely to be clean, so you could adjust your premium accordingly.

>> No.26223655

still here anon?
it's quite simple, you just talk to someone on a group and meet them in a public place
most sellers and buyers are known and each time a sale is successful we vote on it to increase reputation or credibility
do you know any egyptian citizens that have crypto or want to sell?
maybe try red pilling your brethren and form some Monero power groups

>> No.26223854

i just want to see it hit 170 ; [

>> No.26223954

It's past the proof of concept stage using bitcoin's testnet and monero's stagenet. It's moving forward rapidly. They need to iron out quite a bit with regard to the "automated market makers" that are actually what make the swap happen, but this is looking really great.

One massive side benefit of atomic swaps is the ease with which miners will be able to convert mined XMR to BTC for easier and faster cashing out to fiat to pay for operations. This makes mining XMR essentially like mining BTC with one tiny extra step, no more worrying about an extra third party exchange that actually has a BTC/XMR market (which may be different than your preferred BTC/fiat exchange). I expect to see a nice hashrate bump once atomic swaps are active.

>those with dirty coins will be the most incentivized to put them through the wash
This is definitely a concern and once again highlights a weakness of BTC.

>> No.26224345


Based MoneroChad onboarding normies for us all.