/biz/ - Business & Finance

[Anonymous No.28822941]

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

SOUND MONEY, SAFE MODE
https://youtu.be/aC9Uu5BUxII

WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

>Non KYC:
Local Monero
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

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

[Anonymous No.28823044]

XRP

[Anonymous No.28823265]

>>28823044

[Anonymous No.28823621]

Slowly been consolidating my gains into XMR, so very comfy

[Anonymous No.28823809]

>>28823621
Certainty feels good, man.

[Anonymous No.28824116]

PoS or PoW? Which one is better?

[Anonymous No.28824574]

Bad money moves into good money.

[Anonymous No.28825664]

STOP SHILLING XMR!

I NEED TO ACCUMLATE WITH MY NEXT PAYCHECK

[Anonymous No.28825804]

>>28824116
POW is the only way.

[Anonymous No.28825873]

>>28825804
Why?

[Anonymous No.28826210]

>>28822941
would a second hardware be a good buy if I want to wash my alts through XMR?

[Anonymous No.28826244]

>>28826210
*hardware wallet

[Anonymous No.28826466]

>>28822941
Based and privacy-pilled.

>>28824116
PoS depends on people/institutions staking. PoW depends on a common commodity called electricity. One is extremely easier to corrupt and coerce, I will let you find the answer for yourself.

>>28826210
I don't even understand how that makes sense. What is it that you're trying to accomplish?

[Anonymous No.28826589]

>>28826466
Eth maxis say PoW is bad for the envoronment

[Anonymous No.28826759]

someone post XMR pepe's so after we moon i can post them and laugh at ETH niggers

[Anonymous No.28826784]

>>28826589
You meant communists. PoW coins are a form of energy arbitrage. If I had 1 billion dollars to invest, I’d build a fission power plant and use excess energy to mine PoW coins. Then use the crypto gains to fund R&D into nuclear fusion projects. Climate change is a hoax.

[Anonymous No.28827059]

>>28826589
Because they have literal mental retardation.
A common mistake energy detractors make is to naively extrapolate PoW’s energy consumption to the equivalent CO2 emissions. What matters is the type of energy source being used to generate electricity, as they are not homogeneous from a carbon footprint perspective. The academic efforts that get breathlessly reported in the press tend to assume either an energy mix which is invariant at the global or country level. Both Mora et al and Krause and Tolaymat generated flashy headlines for their calculations of PoW’s footprint, but rely on naive extrapolations of energy consumption to CO2 emissions.
Even though lots of bitcoin and monero are mined in China, it’s not appropriate to map China’s generic CO2 footprint to crypto mining. PoW seeks out otherwise-curtailed energy, like hydropower in Sichuan, which is relatively green. Any reliable estimate must take this into account.
Now, despite all the caveats listed above, it’s undeniable that PoW not only consumes a lot of energy but produces externalizations in the form of CO2 emissions. This is not under debate. What proponents of PoW are often confronted about is whether monero and bitcoin have a legitimate claim on any of society’s resources. This question relies on a kind of utilitarian logic about which industries should be entitled to consume energy. In practice, no one actually reasons like this. The PoW-energy supplicants are mum when it comes to the energy used to illuminate Christmas lights, to power the data centers behind Netflix or to distribute untold millions of single-serve meal kits. It’s clear that because PoW’s footprint is so easy to quantify — and an object of revulsion among the chattering classes — it is singled out for special treatment.

[Anonymous No.28827308]

>>28826466
The coins I purchased on a KYC exchange can be traced to my ledger (and other wallets). I want to transfer through Monero so they aren't traceable (and potentially just leave some in Monero.) Is it advisable to buy another hardware wallet to store the washed coins?

[Anonymous No.28827373]

>>28827059
>>28826784
Good posts, thanks anons!

[Anonymous No.28827527]

>>28827308
Absolutely not. Completely unnecessary unless you want to gift the other hardware wallet to me.
Yes, the exchange has your monero address, and hopefully you've used a subaddress (starts with an 8) and not your main wallet address (starts with a 4). Anyway, it doesn't matter, now that you're in the monero blockchain no one can see that you're moving your stack, not even the exchange. It's like if you went to the bank and withdrew $500 from the teller. The teller knows he gave you $500. What you made with that later... He has no fucking idea and can't trace it to save his life.