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27210345 No.27210345 [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 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.

>> No.27210626

Everything that's happened with gamestop leads me to think projects like monero will be popular soon

I hope i can but enough in time.

>> No.27211484

How profitable is XMR mining? Can I set up a miner on a VPS and make money off it (do VPS hosts even allow crypto mining or where should I set up a rig?)?

>> No.27212499

>>27211484
It's not very profitable in the short term, but if you look at it as a 10 year project, then you can make some real nice gains.

>> No.27212852

Why does XMR get so much hate?

>> No.27213725
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27213725

>>27212852
because it works

>> No.27213915

>>27212499
That really doesn't make sense. If it's not profitable right now (say I need to invest $50/month to get $40 of XMR/month), but it "will be profitable" becase XMR will grow in value over time, it would make more sense for me to invest the $50 in $50 worth of XMR instead.

>> No.27214010

>>27210345
So I've heard this is the cryptocurrency to buy if you actually want to use cryptocurrency to buy shit, is that right?

>> No.27214273

>hold LTC
>just exchange for monero when I need to acquire goods
Why should I hold monero? LTC is even going to introduce mimblewimble soon so we might not even need XMR if its good enough.

>> No.27214702
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27214702

>>27214273
Stop lying.
You know perfectly well that MW offers no good privacy. Otherwise why doesn't LTC have delisting FUD?

>> No.27214842

>>27214702
There is delisting fud. Thats why there is debate in the community on whether they should make it an extension or not

>> No.27214921
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27214921

>>27214273
>Why should I hold monero? LTC is even going to introduce mimblewimble soon so we might not even need XMR if its good enough.

lol LTC+MW doesn't even come close to comparing to XMR's full-spectrum privacy.

https://www.reddit.com/r/litecoin/comments/kq37v3/questions_about_litecoins_privacy_upgrade/

>> No.27214982
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27214982

How much monero to I need to buy to make her real

>> No.27215760

>>27214702
>>27214921
What's the privacy problems wiht MW? I thought it had some hard crypto behind it.

>> No.27215990

>>27210345
What's up with all the gay tranny art for monero? Trannies have no money. Chad has money. But Chad is not into trannies.

>> No.27216146

>>27214982
20 suicide, 100 make it stack

>> No.27216300

>>27212852
Because it's being used as a real currency, so it doesn't often moon like other alts

>> No.27216371

>>27214273
You can't just add on privacy to a blockchain as an afterthought. Part-privacy is no privacy at all.

>> No.27216627
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27216627

>>27215760
>What's the privacy problems wiht MW? I thought it had some hard crypto behind it.

Its not the level of privacy you need when your freedom is on the line.

>> No.27216729

>>27210345
1 Monero = 100,000 when Bitcoin becomes too mainstream

>> No.27216741

>>27214010
Yes

>> No.27216956

>>27213915
yeah pretty much.
but it's a pretty comfy side hustle from what I hear.

>> No.27217030
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27217030

For your amusement:

>ZEC is better than Monero/Dash
https://www.reddit.com/r/zec/comments/l91wqc/zec_is_better_than_monerodash/

>Id love to see a counterargument from someone on the Monero side.

>> No.27217212

>>27217030
Topkek
https://www.google.com/amp/s/cointelegraph.com/news/researchers-claim-999-of-zcash-transactions-are-traceable/amp

>> No.27217743

>>27217030
> After all, what is the point of a privacy coin that doesn't get widely adopted?
kek.

>> No.27217968

>pay for meal with monero
>can't leave until transaction clears
>end up waiting 1 hour because network was slow

>> No.27218005

>>27217743
Idk bro monero is adopted and will become more widely used as people get pushed underground as well

>> No.27218006

Buy afdlt

>> No.27218282

>>27216146
what's the suicide stack for poorfags who can't afford 20?

>> No.27218330

>>27218282
19.999

>> No.27218365

>>27218005
I know anon.
in that reddit post, the zcash shill asks that question.
The context is that the shill is trying to argue that zcash will be more adopted than Monero because of optional privacy, but anybody who is following the dark nets can recognize that Monero is the privacy crypto taking over the marketshare.
>>27218282
an unknown amount

>> No.27218429

>>27216627
Explain.

>> No.27218603
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27218603

>>27218429
>Explain.

"Good enough" privacy obviously isn't "the best" privacy.

>> No.27218643

>>27213915
Ya but if you mine you will have XMR plus the means of production. The obvious answer is to buy a stack now and think of mining as DCA with the side effect of protecting the network.

>> No.27219022
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27219022

My sides, I can't even

>Dash may be technically superior than most other cryptos but it seems nobody is really taking notice. Only people already onboard with Dash seem to value it. Dash needs new blood.
https://www.reddit.com/r/dashpay/comments/l8l1jy/dash_may_be_technically_superior_than_most_other/

>> No.27219664

Any monero mining bros in the thread? I have some questions.

>> No.27220528

Anyone here have any 0xMonero?

>> No.27221054

>>27219664
Then just ask them nigger.

>> No.27221555

>>27219664
You might catch a knowledgeable anon lurking, but if I were you I'd check the official FAQ at getmonero.org or r/moneromining

>> No.27221645

>>27220528
No, because 0xmonero is a vaporware scam. Aren't there cocks somewhere you should be sucking, or streets you should be shitting in?

>> No.27221867

>>27218603
You still haven't explained why MW's privacy is worse than Monero's. You just keep saying that it is worse but without any reason. Looks like maybe you're actually just repeating something you heard and don't actually understand the cryptography between either system?

>> No.27221955

>>27221054
no. bitch.
>>27221555
Checked

>> No.27222113

>>27217030
but opt in privacy is a bad thing. everything needs to be private otherwise you are instantly suspicious for using the privacy.

>> No.27222190

>>27219664
don't ask to ask nigga just ask

>> No.27222248

>>27219664
i don't know a lot but i mine while i'm working to keep my office warm when i'm on my work computer. even if i'm not making money, i can exchanging electricity for monero and supporting the network. also it keeps me warm

>> No.27222349

has anyone used bisq? there isn't a lot of people on it and the sellers want all this information... any tips?

In the past i just used coinbase and transfered to binance but these days binance could lock me out because of US and coinbase has KYC.

>> No.27222518

>>27210345
Upgrade your Monero to 0xMonero. Unlike XMR, 0xMR cannot be banned, blacklisted, tracked or delisted.

>> No.27222602

>>27222349
What pairing are you trying to use on bisq?

>> No.27222751

>>27222518
Nice! Why do people never talk about 0xmo ero?

>> No.27222954

>Be me
>Purchased this shit back in 2015 got in when it was 60cents a coin
>Have 3000
>iamgoingtomakeit
>fast forward to now
>every alt has gone up 100-200% last few months, Monero has gone backwards
>my one chance in life hitched to a coin that barely moves these days

why me

>> No.27222998

>>27222751
why would they?
it's garbage.
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

>> No.27223140

>>27222518
this guy wants you to get vaccinated.

>> No.27223626

>>27222602
oh i guess i was looking at agoradesk. but yeah on bisq i want to go xmr/usd and send someone usd for some monero. haven't actually set it up yet

>>27222518
>0xMR
what's this? scam copy?

>> No.27223634

>>27222113
But doesn’t that apply on a macro scale across coins? If you choose a privacy coin (like Monero) over something like BTC/ETH//LTC doesn’t that also make you instantly suspicious?

>> No.27223796

>>27223634
it makes you suspicious in the same way as using cash USD instead of your bank card.

>> No.27223807

>>27223634
some people are just suspicious people anon

like all those folks who got into bitcoin in 2009, lock em up I say!

>> No.27223837

>>27222518
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
warosu.org/biz/thread/S24750658#p24755504

>> No.27223847

>>27223626
>scam copy?
here's the entire diff of the 0xbitcoin and 0xmonero contracts
https://i.imgur.com/c5cf0MJ.png
0xmonero has no privacy features
they just lie and lie and lie and lie all day
trying to trick the technically illiterate out of their money

>> No.27223860

>>27210345
This sexy anime girls has convinced me to buy Monero.

>> No.27224009

>>27223626
yeah, 0xmr is a shitty scam token that Rajeesh here spams in every monero thread. just report and hide

>> No.27224027

what is everyone's thoughts on what will happen to monero as government restrictions on crypto and personal freedoms continues?

on one hand this will make monero extrememly valueable as this is part of it's purpose, being resistant censorship. on the other hand, if exchanging cash for monero becomes a crime, how will people actually get monero with such high risk?

>> No.27224449
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27224449

>Monero is untrace-

>> No.27225232
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27225232

>>27221867
I did some research for you and apparently 96% of mimblewimble transactions can be traced. The only thing they cannot see is how much you sent to each other but they do know who you are trading with.

Source: https://news.bitcoin.com/researcher-breaks-mimblewimble-deanonymizing-96-of-grin-transactions/

Also your stack will likely be public with LTC so everybody knows how much you own. XMR has none of these problems anymore.

>> No.27225823

>>27224449
>>27225232
It is untraceable. Look at this chart. It is probability their software calculates. Which will be useless in about a year as ringsize will be 64 or more.

Also nobody going to lock you up because software sais there is 50% chance you did something.

What is more IRS bounty is still open to track monero. So no it has not been tracked yet.

>> No.27226453
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27226453

Comfy