/XMR/ Monero General

[Anonymous No.26896792]

Welcome to the Monero Based Department, 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 transactions being visible only by a Monero user willingly providing a view key for a specific transaction.

Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs increases. Further, the mining network algorithm RandomX 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 MoneroChad 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.26897117]

>>26896792
welcome back chads and welcome newfags. did you buy the dip?

[Anonymous No.26898643]

Binance or Kraken? I'm in EU.

[Anonymous No.26898704]

>>26897117
I literally only ever buy XMR when I want to buy weed

[Anonymous No.26898784]

>>26896792
Is the news about Greyscale opening a monero trust legit?

[Anonymous No.26898947]

>>26896792
dont disrepect the Wheel like that you fucking charlatan

[Anonymous No.26899048]

>>26897117
1st time i buy the monthly low

Im still waiting for the major crash though. Im holding about 1/2 my investment in tether right now waiting for the right time.

I really think we can get near $80 if not lower. Assuming btc drops below $26k

[Anonymous No.26899072]

>>26896792
patriot act v2 will kill monero and tor along with it. change my mind

[Anonymous No.26899374]

>>26898784
>>26899072
Grayscale (largest investor in the world) just opened an approve dnew fund for Monero. So the regulators see no problem with. XMR existing. Now fuck off.

If they decide to buy huge gains awaiting.

[Anonymous No.26899393]

Can I set up XMR mining on a 10 year old computer to use a little bit of power only when idle for mining? (So it's not sucking my electricity)

Is it even worth it? I heard it's easier to mine XMR than BTC. I also heard you can join pools, so that may work in my favor?

I've never done any mining, and am brand new to cryptocurrencies.

[Anonymous No.26899534]

>>26896792
Shill me XMR monero-shills
Assume I have 1000 Link
and 10K in a low mc moon shot
why should I dump 5 K of my potential 100x and save 10x into xmr?

[Anonymous No.26899536]

>>26896792
>KYC
Which of these is best for Americans?

[Anonymous No.26899580]

>>26899048
BTC just started going up though, maybe it's all the euphoria from the recent market action but let's wait and see

>>26898704
still based. this means it works as intended

[Anonymous No.26899927]

why this and not zcash or dash

[Anonymous No.26900294]

>>26899580
Maybe. Ill have a better guess after monday and this gamestonk thing is resolved.

I definitely intend on having at least 80% of my bag filled by Q2

[Anonymous No.26900443]

>>26899927
Monero is the only private by default, so using private transactions on ZCash or Dash doesnt make you anonymous, it actually makes you stand out more. Also privacy by default fixes the "tainted coins" issue

[Anonymous No.26900542]

>>26899927

[Anonymous No.26900773]

>>26899072
quite the opposite, the minute the feds come after crypto is the minute monero quadruples.

[Anonymous No.26900814]

BTC is up, DOGE is flying. Where is Monero?

[Anonymous No.26900945]

>>26900542
>>26900443
great thanks. will probably buy and hodl until it gets to btc's current level or falls to 0

>>26900814
>BTC is up, DOGE is flying
the r*ddit crowd

[Anonymous No.26901137]

>>26897117
Sure I did [an unknown amount]

[Anonymous No.26901390]

>unknown ammount.

[Anonymous No.26902058]

>>26900773
you underestimate the power of the government. they kept the troops at the capital because theyre about to pass some very controversial bills
>>26899374
obviously fake. learn to spot photoshop

[Anonymous No.26903310]

>>26898643
I think binance has lower fees, but kraken is non kyc for crypto to crypto transactions