/XMR/ Monero General

[Anonymous No.28860056]

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.28860254]

Good morning, senpai. A new day to educate complete retards why monero is the best long-term investment opportunity on the scene.

[Anonymous No.28860821]

>>28860254
is cpu mining viable and how good does the cpu need to be? i got i9-9900k

[Anonymous No.28860825]

>>28860254
This fud thread a few days a go got me a bit nervous. Is there any truth to this anon's claims?

[Anonymous No.28860859]

Where my CLI chads at?

[Anonymous No.28860950]

>>28860825
Are you trolling or are you literally retarded? I can’t even tell these days.

[Anonymous No.28861080]

>>28860825
Fuckin kek. I posted that a few days ago. Nothing better than FUDing your own coin.

[Anonymous No.28861213]

What’s the suicide stack?

[Anonymous No.28861401]

>>28860859
Testing Feather these last few days. Used to use CLI exclusively because I could bet multiple times with one transaction on Minko, but now even THAT closed. I wonder if something is happening with binaryFate since he managed both xmr.to and minko.to.

[Anonymous No.28861448]

>>28860825
kek. The only truth there is that it was really a fork of Bytecoin originally.

[Anonymous No.28861778]

>>28861213
An unknown amount xD

[Anonymous No.28861847]

>>28860825
>>28861080
>>28861448
Just in case anyone is interested in reading the actual story of Monero, CryptoNote (the protocol Monero was built on) Bytecoin (the original implementation of CryptoNote, and where monero forked from)

[Anonymous No.28861870]

>>28861213
any amount because holding this heroin dealer paedophile coin is equivalent to moral suicide

[Anonymous No.28861925]

>>28861213

It used to be 18.7 but I don't know that everyone can reach that level

[Anonymous No.28861952]

>>28861213
18.7

[Anonymous No.28862070]

>>28861870
Ok glowie

[Anonymous No.28862069]

Monerchads, is there any other future promising coin besides XMR?

[Anonymous No.28862153]

>>28861847
https://bitcointalk.org/index.php?topic=740112.0
I'm dumb and forgot to paste the link of course.

[Anonymous No.28862217]

>>28861925
>>28861952
why such a strange amount?

[Anonymous No.28862289]

>>28861213
What does suicide stack even mean? Someone please explain, I am new to this board.

[Anonymous No.28862367]

>>28862289
the amount you need so you don’t rope yourself when it moons

[Anonymous No.28862456]

>>28861401
Minko closed because of a bug and because of some bad luck with payouts.
Xmr.to closed because there were alternatives and they didn’t want to deal with kyc stuff.
Binaryfate is active on Twitter. I wouldn’t worry.

[Anonymous No.28862642]

>>28862069
Literally all other coins are shitcoins at a fundamental level, so no.

[Anonymous No.28862757]

>>28862456
"some bad luck" is a weird reason for someone closing a gamble website. I was there almost everyday for months, I've seen lots of people losing tens of thousands of dollars. Unless the payout bug was someone exploiting minko's platform and literally robbing their XMR. Could be.
I don't think he's compromised or anything, I'm just wondering if he's gonna release something new, or simply do nothing and enjoy the massive stack he must have. I know I would lmao.

[Anonymous No.28862794]

>>28862642
That was what I was thinking...

[Anonymous No.28862815]

>>28862069
After analyzing more than 1000 projects, XMR is still the winner for me.

Two that I have invested in the past:

ADA, despite Charles Cuckson, if manages to deliver is promising.

IOTA is centralized shit, but it will grow in adoption.

Best way is to go through each of the coins, read their whitepapers, check their teams, verify their repository, see their community, look for red flags in forums/boards/plebbit/twitter. It is time consuming, but then you will have more chance to do a good investment.

[Anonymous No.28862840]

>>28862217
tail emission kicks in around 18.7 million coins

[Anonymous No.28863002]

>>28862456
is there really an alternative to xmr.to though? Somewhere that we can point fudders to when they ask shit like "who even accepts xmr except for criminals"

[Anonymous No.28863081]

>>28863002
you think fudders give a fuck

[Anonymous No.28863191]

>>28863002
There are literally thousands of alternatives.

[Anonymous No.28863203]

>UNKNOWN AMMOUNT!

[Anonymous No.28863317]

>>28863203

>OF MONERO

[Anonymous No.28863998]

>>28861870
Beter burn all your fiat then

[Anonymous No.28864100]

Why is primary addresses starts with 4 and subaddresses(or other accounts with primary addresses) starts with 8? Is there any reason for this? I think it leaks some info about it and as far as I heard you need to use your primary address for mining payouts

[Anonymous No.28864458]

>>28864100
I actually read the "zero to monero book".

The reason for that actually has to do with scalability. By making subaddresses different from primary addresses they can basically infinitely scale subaddresses. I.E. to process 1 subaddress or 10,000 subaddresses it costs the same amount of calculations on the blockchain. This keeps the transaction costs low if someone has a lot of subaddresses.

That's all there is to it. They were primarily designed so that you could have multiple different forms of income and payment scheduling in your wallet. So you can from a glance easily see who paid you as you have a different subaddress for every customer etc.

[Anonymous No.28864628]

>>28860821
Monero mining is not done on gpus. People sometimes mine monero on the processor and something else like eth on the gpu simultaneously.
There are websites that give hash rate reports and estimates. Search duckduckgo for it or I'm sure someone will help you with a link.

[Anonymous No.28864796]

>>28864100
>Is there any reason for this?
I will try to explain in a simple way: subaddresses are generated kinda using your main account address as the seed, that's why they are different and you can have thousands and thousands of subaddresses all linked to the same account (main address).
>I heard you need to use your primary address for mining payouts
If you're solo mining, yes, the coinbase transaction goes to the main address. If you're mining on a pool you can (and should) use a subaddress.

[Anonymous No.28864823]

>>28861870
>what is cash
If anything monero will be the tax evasion off shore banking coin. Imagine when bitcoin hits 100k or 200k and greedy NEETs realize they will owe millions in cap gains. They'll hide that shit.

[Anonymous No.28865179]

>>28864458
>>28864796


yeah but OPSEC-wise let's say that you used your primary address that starts with 4 in a centralized exchange and after that you did a new transaction with a sub-address that starts with 8. It is safe to assume that those 2 addresses are belong to you and not someone else. I think it should've been random but I guess you can't change the main addresses to 8 from now on

[Anonymous No.28865241]

>>28862840

Anyone care to do the math when that is?

[Anonymous No.28865392]

>>28865241

End of May 2022

[Anonymous No.28865427]

>>28865179
Best practice is just never use your address that starts with 4, ever. Featherwallet is trying something like that where it doesn't even show the main account address.
That being said, in your scenario the exchange will only know that the wallet that starts with 4a9nf... is yours. It can't see anything after that, not in the blockchain, not anywhere.

>>28865241
~ May 2022
It's closer than you think. Lot less monero gonna be available in the market...

[Anonymous No.28865493]

>>28864823
>If anything monero will be the tax evasion off shore banking coin. Imagine when bitcoin hits 100k or 200k and greedy NEETs realize they will owe millions in cap gains. They'll hide that shit.

Oh, you want to swap for my pristine, fungible XMR? It'll cost ya.

[Anonymous No.28865585]

>>28860056
Once atomic swaps are live, will we be able to generate yield with XMR?

[Anonymous No.28865611]

>>28865427

there is less monero in the market every day

[Anonymous No.28865987]

Reminder that monero is much more divisible and here is the names of each division

1 piconero = 0.000000000001 monero
1 nanonero = 0.000000001 monero
1 micronero = 0.000001 monero
1 millinero = 0.001 monero
1 centinero = 0.01 monero
1 decinero = 0.1 monero
1 monero = 1 monero
1 decanero = 10 monero
1 hectonero = 100 monero
1 kilonero = 1000 monero
1 meganero = 1000000 monero

[Anonymous No.28866108]

>>28865585
i hope so. but then again, seems risky. im still waiting for 2021 bitconneeeeeeeeeeeeeeeeeect rug pull equivalant.

[Anonymous No.28866162]

>>28865585
>Once atomic swaps are live, will we be able to generate yield with XMR?

You can charge juicy premiums to BTC hodlers desperate to get into XMR and avoid the IRS. They won't be able to use regular exchanges due to KYC so atomic swaps will be their only option.

[Anonymous No.28866238]

I like monero but why can't I trade it on Binance?

[Anonymous No.28866272]

Can I mine Monero with a GTX1060 and how much energy will it spend?

[Anonymous No.28866319]

its a shame i lost all mine in a boating accident. oh well, goodluck frens!

[Anonymous No.28866452]

I've started mining Safex.

thoughts?

[Anonymous No.28866580]

>>28866272
You can't mine on graphics cards. You have to mine on CPU's, but you can use your graphics card to mine ethereum and exchange the ethereum for monero
>>28866319
Based

[Anonymous No.28866657]

>>28865427
Interesting... I think I need to read up more on addresses and tighten my practices.
Just for theoretical purposes of course. I don't own any monero.

[Anonymous No.28866728]

>>28866580
surely you could buy a shitload of old cpu's and mine this thing at a lower cost per yield than your average gpu mining rig

[Anonymous No.28866772]

>>28860056
Monero is broken, upgrade your Monero to 0xMonero

[Anonymous No.28866908]

>>28866772
leave

[Anonymous No.28866969]

>>28866772
>sir, I have a crypto brownpill for you, buy 0xMonero

Shoo shoo pajeet

[Anonymous No.28867032]

>>28866728
Not really. With GPU mining you can have up to 12 GPU's on a single motherboard, and with CPU monero mining you would need to have 1 motheboard per cpu, so that means 1 psu for every CPU. That would probably be very expensive in terms of electricity, plus you'd be plugging in a bunch of shit and risking causing a fire.
>>28866772
Either this is the 0xPajeet or an anon trolling. Anyways fuck off.

[Anonymous No.28867192]

>>28866162
It will be a pool of XMR & BTC and the fees will be split amongst participants, right? Just like pooling on uniswap/bepswap

[Anonymous No.28867633]

>>28866728
You can but that doesn't mean it's the most profitable
I checked hash rates between older and newer hardware (R3900x vs 4xOperton 6276, yes 4 server grade 12 core chips) and the 3900x outperformed the opterons by a factor of 14 while only drawing at most 500w for the whole system while the opterons pull 1100W for everything

[Anonymous No.28867870]

>>28865987
Send me 1 meganero senpai

[Anonymous No.28868194]

>>28866969
>brownpill

Kek

[Anonymous No.28868242]

>>28865585
What is the liquidity of atomic swaps going to be? And will it actually be decentralized? I never understood why a DEX like Bisq isn't the same thing.

[Anonymous No.28868486]

>>28863191
What I mean is how with xmr.to you could just tell people anywhere that accepts btc accepts xmr. But now that I think of it I guess it's possible to just put the btc address as the recipient in a coin swap service that has xmr. Most places that "accept btc" just use bitpay and don't actually have a btc address though so it doesn't really matter anyway. Obviously it's better if places that take btc and not xmr just add xmr support. Even if xmr didn't have any privacy features it would still be a better currency than btc or eth just based on tx cost and speed. But I suppose that won't matter for btc and eth since everything will run on bankster centralized layer 2 hubs.

[Anonymous No.28868505]

>>28860056
Where do I buy this as an american? I know binance.us doesn't have it. Does Kraken have the same restrictions? I do already have ETH/BTC to trade for it so I would hope to not have to verify with another exchange first

[Anonymous No.28868714]

>>28866238
You can. Maybe you can't on Binance US. Open an account at Kraken.

>>28867192
>>28866162
Atomic swaps doesn't mean anything but being able to exchange monero for bitcoin and vice-versa without having to use an intermediary. It's fully P2P. That's all. It doesn't have anything to do with generating yield or pooling fees what the fuck.

>>28868242
Bisq and Localmonero use an escrow system. I'm not sure why would centralization or decentralization be a problem. Ideally you will have a couple of services hosting the platform where interested parties can post their ask/bid and trade freely using atomic swaps as the protocol and not requiring any intervention ever.

>>28868486
Be a nice monero supporter and email your vendor/service provider/store requesting them to accept monero natively.

>>28868505
I think Kraken might not work on WA and NY, other than that it should be enough. If you have BTC you can use normal Binance and deposit your BTC there to buy XMR. Or you can use one of these coin swap thing websites.

[Anonymous No.28869094]

>TFW no big bagged XMR gf

[Anonymous No.28869115]

>>28866238
With Jews you lose

[Anonymous No.28869478]

>>28868714
Kraken isn't listed on https://www.monero.how/ so maybe it won't work. I also am unable to make a binance.com account because of my address

[Anonymous No.28869564]

>>28869478
tried kucoin?

[Anonymous No.28869621]

>>28869478
monero.how is a bit outdated.
Kraken is one of the most reputable exchanges you can buy XMR from, you won't have any problems there.

[Anonymous No.28869659]

>>28866238
Because you live in the United States of America. You can only buy this coin in regions where privacy is not demonized by the government.

[Anonymous No.28869782]

>>28860825
Absolutely true, sell all your XMR

[Anonymous No.28869870]

>>28869478
>monero.how
their price's widget has prices from Kraken. they have a XMR/USD pair if that's what you need. that's the usual go-to place as they are the only OG exchange from back the day that never got hacked, even if they had their own system outages problems.

>>28869782
.buyorsell

[Anonymous No.28869986]

>>28869870
SELL SELL SELL

[Anonymous No.28869999]

>>28860056
Question for you guys I got the MIR airdrop and I was considering turning it into XMR I know I need to use an exchange to turn it into a coin the cakewallet exchange will accept for XMR but which coin pathway do you think will cost the least gas?

[Anonymous No.28870018]

>>28868714
I think I'm missing the entire point of atomic swaps. The tech seems good...
>Peer to peer transfers from one coin to another
I guess what I'm confused about is the liquidity. You'll have various "hosts" running the protocol. But two people need to be online at the same time and wanting to swap say $100 of btc for $100 of monero since keys have to be verified for the transfer to take place. I understand you save on txfees of moving coin to and from an exchange and exchange fees but the liquidity is going to be shit.

[Anonymous No.28870129]

>>28862815
Or just put everything on XMR

[Anonymous No.28870144]

Any news on atomic swaps?

[Anonymous No.28870283]

>>28869999
i heard LTC to XMR was the cheapest in the cakewallet

[Anonymous No.28870457]

>>28869478
In the OP.
>>Non KYC:
>Local Monero
>Bisq
>Kucoin
>Tradeogre
>Crypto ATMs
>see: kycnot.me

Binance with a VPN works with no verification for up to 2btc withdrawal/day I haven't tried to withdrawal that much though, and I've heard of them locking people out of their account. Kraken is good of course, verification required and shit tier interface though.

[Anonymous No.28870514]

That fat shit buttboy crypto said monero is compromised because the gubment payed some company (twice) for some exploit. Plus there's the bad caca site that publishes people's ips. What's up with that monebros?

[Anonymous No.28870634]

>>28870283
Problem is MIR is an erc20 shitcoin and I can't direct swap it to LTC. Which erc20 coin that cakewallet uses do you think would be the best intermediary between MIR and XMR?

[Anonymous No.28870823]

>>28870018
>but the liquidity is going to be shit.

There will definitely be less XMR holders looking to acquire BTC than vice versa, since BTC is non-fungible and thus potentially tainted.

And demand will build as more and more Bitcoiners realize atomic swaps with XMR is the gold standard for mixing, they'll be lining up around the block to clean their filthy coins sans all the AML/KYC/trading fee bullshit.

[Anonymous No.28871488]

So I have a 3090 (I'm rich, bitch), and I'm mining eth at a pretty crazy rate. My plan is to exchange this to monero. However, I only have KYC exchanges available. Is there a way to change ethereum to monero without compromising my privacy?

Also, monero is unironically the future. I am so ridiculously bullish on this coin.

[Anonymous No.28871526]

>>28860056
how does atomic swaps clean btc? btc is still transparant so after swap, it keeps recording, it just has a small blank in the history because swap?

[Anonymous No.28871724]

>>28871488

sideshift.ai

[Anonymous No.28871746]

>>28870018
My understanding is that these protocols are going to be used by people who will create services that provide this capability: of transacting P2P in a safe and trust less way. Maybe the requirements are not that high: just leave your computer on with the client running so your offer doesn't leave the pool. You can improve on that and make something cool with it. But yeah, we will see about liquidity how's that gonna work. I don't expect a crypto ban, but bitcoin is going to be scrutinized by the powers that be and a lot of people will start noticing that it's better to hold your currency in something they can't monitor. Watch Dr. Daniel Kim's last presentation.

>>28870514
>Plus there's the bad caca site that publishes people's ips.
>IPs are not even correct
monero has dandelion++ mitigating this attack, these IPs are not even correct. fake ass website. and the government offering a bounty to break monero just proves the whole fucking point of this currency existing, so

>>28871488
>Is there a way to change ethereum to monero without compromising my privacy?
Binance (behind a VPN if needed), Kucoin.

[Anonymous No.28871850]

>>28871488
>(i'm rich, bitch)
so cringe
for no kyc you can use sideshift.ai, incognito.org, binance, poloniex, kucoin

[Anonymous No.28871883]

>>28868714
retard once the functionality is there u could easily set up pools and such

[Anonymous No.28872003]

>>28871526
>how does atomic swaps clean btc? btc is still transparant so after swap, it keeps recording, it just has a small blank in the history because swap?

It breaks the chain of custody, you basically exchange your BTC transactional history with somebody else.

Of course, odds are you'll end up getting even more tainted coins but that's the risk you assume by using Bitcoin.

[Anonymous No.28872030]

>>28871526
It doesn't make the BTC clean. Which is why XMR is going to be worth more than BTC in the long-term.

[Anonymous No.28872198]

>>28872030
>in the long-term
How many years are talking about?

[Anonymous No.28872281]

>>28872198
* are we

[Anonymous No.28872486]

>>28866238
it's on voyager, but your not really buying, you're borrowing.

[Anonymous No.28872494]

>>28872198
You need to be a fortune teller to put specific dates on it but it's a mathematical inevitability that one coin being traded to another where one is inherently more risky and expensive to hold is going to result in the appreciation of the asset you can easily swap it to.

I'm being a conservative chap and suggest it's going to take 10 years. XMR is a long term sure performer but not a coin you should use to speculate short term.

[Anonymous No.28872767]

>>28872494
>not a coin you should use to speculate short term.
don't mind me speculating that this coin is severely undervalued at <1% BTC, there are some easy 50x to be made 'short term' before XMR tries to overtake BTC.

[Anonymous No.28873084]

>>28871746
>Dr. Daniel Kim
Can you provide a link? I DDG'd him and there are just to many links and videos. My time is limited today.

[Anonymous No.28873117]

>>28872494
>it's a mathematical inevitability that one coin being traded to another where one is inherently more risky and expensive to hold is going to result in the appreciation of the asset you can easily swap it to.

Indeed. Atomic swaps are where Bitcoin's inherent fungibility flaws will really start to get noticed. The maxipads will be in for a rude awakening when they're confronted with the cold harsh reality that their precious surveillance coin ain't worth all that.

[Anonymous No.28873318]

>>28873084
It's in the OP
https://www.youtube.com/watch?v=aC9Uu5BUxII

[Anonymous No.28873459]

>>28873084
There's a 3 minutes snippet of the presentation on the front page of the monero subreddit.

But you should watch the full thing when you have the chance, on his youtube channel https://www.youtube.com/c/SweetwaterDAC

[Anonymous No.28873472]

>>28873084
>My time is limited today.
You better take the time to actually familiarize yourself with Monero. If you don't have the attention span to watch a 1 hour video without skimming through it then Monero is most likely not for you and you are better off just trading BTC,ETH and ERC tokens.

[Anonymous No.28873566]

in stupid terms, what's the deal with having a local node? I download a bunch of stuff and i'm good to go? only need to update the node when i want to send?
my internet is so shit i don't want stuff running all the time.

[Anonymous No.28873640]

>>28873459
>He has a new video up.
Thanks for linking me up. Watching it right now.

[Anonymous No.28873716]

>>28871850
>>28871746
>>28871724
thanks homies

[Anonymous No.28873784]

>>28873318
Thanks
>>28873459
I'll listen to the whole thing. Thanks for the snippet though.
>>28873472
I came in 4th on the monero trivia over the weekend. Thanks for your insults faggot. I run a business and don't have time to listen to a bunch of videos that aren't the video the post was referencing.

[Anonymous No.28873791]

>>28873566
It helps keep the infrastructure decentralized and more secure so it's always appreciated if you run a local node. If you in the future have XMR that's worth a lot of $$$ you should ALWAYS run a full node to minimize the risk of a near node you're using instead of a local one to be compromised.

[Anonymous No.28874250]

>too late to feel part of the club despite believing in monero for years and not actually buying because I was 'too poor' and wanted to chase pnds instead
>missed out on the crash last year whilst too busy spending xmr and not accoomulating
>still broke
Serves me right but this hurts more than anything

Will reading zero to monero cover-to-cover help me to redeem myself?
I know I've sinned

[Anonymous No.28874392]

>>28874250
Accumulate as much as you can, anon.

[Anonymous No.28874478]

>>28874250

My child, your sins are forgiven.

[Anonymous No.28874525]

>>28871488
are you BigWallet guy

[Anonymous No.28875056]

I would be so well off if it wasn't for that terrible boating accident. Is there any way to recover funds from a lake /biz/raelis?

[Anonymous No.28875180]

>>28875056
>I would be so well off if it wasn't for that terrible boating accident. Is there any way to recover funds from a lake /biz/raelis?

I am sorry for your loss.

[Anonymous No.28875307]

>>28873784
>I run a business
So you're a lazy piece of shit then kek

[Anonymous No.28875792]

>>28873566
It's like torrent. It's only using when the software is open. Just make sure it's not running during the startup and only when you run your wallet. It's gonna take a few minutes to sync depending on how long it's been since you last used it but it won't be running 24/7.

[Anonymous No.28876050]

>>28875307
Someone has to have lunch while my 2 employees type code on a computer. I'm 35 minutes in and havent learned anything new.

[Anonymous No.28876128]

>>28876050
>lunch with customers...

[Anonymous No.28876318]

Monero chads, I need your help. I'm worried of the one chance that my XMRs get stolen so what are the best practices?

[Anonymous No.28876325]

>>28874478
thank you

[Anonymous No.28876401]

>>28876318
best practices to keep them secured?*

[Anonymous No.28876440]

>>28876318
>Monero chads, I need your help. I'm worried of the one chance that my XMRs get stolen so what are the best practices?

Paper wallet generated on an offline computer and stored in a safe, dry place.

[Anonymous No.28876550]

am I an idiot for storing my wallet on a mac? private key is on a trezor.

[Anonymous No.28876631]

>>28876440
Your house burns down => you loose everything. You need an encrypted copy of your seed somewhere online.

[Anonymous No.28876633]

>>28872486
>Voyager
That's new, seems about as retarded as buying crypto on RH or paypal. It's weird to me when people act like it's difficult to buy monero though, especially in these threads where the OP has a pretty good list of exchanges.

>>28871724
>>28871850
sideshift.ai also blocks ips located in certain jurisdictions of totalitarian regimes like North Korea or the USA I think, but I haven't used it personally so I might be wrong.

[Anonymous No.28876766]

>>28876631
I can just memorize my seed in that case as well.

[Anonymous No.28877050]

>>28876631
>Your house burns down => you loose everything. You need an encrypted copy of your seed somewhere online.

I'm well aware of the fire/flood risk, I have a copy in a plastic tube buried elsewhere and another copy stashed at another property I own.

Personally, I don't want my seed touching the Internet in any shape or form, it helps me sleep better at night.

[Anonymous No.28877144]

>>28876766
>Gets bonked on the head
>Can't remember seed anymore
>lose everything
I don't think this is the best idea.

[Anonymous No.28877253]

>>28876766
And lose everything if you hit your head too hard in a car accident for example or develop dementia another way, good luck.

[Anonymous No.28877289]

What I recommend for high value owners of XMR in for the long run is to generate a paper wallet. Write the code down.

Then write every word down on a separate piece of paper. Distribute 1/3rd of the words over 3 separate safes.

[Anonymous No.28877393]

>>28877144
>>28877253
At that point I would be more worried of being retarded that I can't use anything.

[Anonymous No.28877560]

>>28876631
Paper copy couple places. Or buy plate tungsten and etch it. Or buy two children and tattoo half the seed phrase on each and send them to different orphanages and track them secretly over the next many years. Just spitballing here.
Hold on, if you were to keep huffing hexchro paint, perhaps you could derive a seed phrase from your damaged DNA. That way, in the future you could just nut into your USB port to unlock your keys....of course that'd just be gameytes... wait... come back to me... I can figure this out.

[Anonymous No.28877958]

>>28876550
seed should be on a piece of paper. that's it

[Anonymous No.28878007]

>>28876050
>>28876440
>>28876631
I've been thinking about writing some kind of backup guide so I can help my monero friends find which backup plan would work for them. It's not necessarily too difficult, but it's a very underrated subject.
I usually don't recommend keeping your mnemonic phrase on paper. Firstly because your house might catch fire, and secondly because in the not too distant future people will know what that combination of words means and you might be the target of burglaries. If you absolutely want to do it, make it in a hidden manner not so obvious, people like writing letters putting the words in there in a way that's only identifiable for them but I won't get into this.
Because of this, the mnemonic phrase should preferably be stored digitally and encrypted (zip with AES256 password would be enough) and with a unique password that only you know.
Hot wallets I keep the mnemonic phrase on a password manager that is synced with the cloud, easier to manage.
That settled, I like the option of having my cold wallets available on a USB stick with Live Linux on an encrypted VeraCrypt partition. This also allows me to easily make clones of my pendrive to keep multiple backups in several different physical places. If you want to get creative, you can store other important digital documents, photos, and even your will on those USB sticks.
Just make sure you're using open source, community approved wallets software like Monero GUI / CLI.

[Anonymous No.28878093]

>>28878007
>putting the phrase anywhere near a computer ever

you don't understand how shitty software is

[Anonymous No.28878368]

>>28878007
Why not hardware wallets? In my fireproof safe. Protected by various guns.

[Anonymous No.28878377]

>>28877289
>Then write every word down on a separate piece of paper. Distribute 1/3rd of the words over 3 separate safes.

What about generating three different wallets, and having each of those seeds in different places? That way you don't increase the risk of losing your entire wallet, for the cost of increasing the risk of losing a portion of your wallet

[Anonymous No.28878654]

>>28878093
I feel fairly confident generating my mnemonic phrase using the recommended implementation of the protocol on an offline Linux computer, and then proceeding to zip encrypting with a password using AES-256.
Don't underestimate the opportunity bad actors will see on this. It's like if you were storing gold at your home but in a piece of paper.

>>28878368
>Why not hardware wallets? In my fireproof safe. Protected by various guns.
Nothing wrong with hardware wallets I guess. I just am comfortable enough to deal with the actual wallet software for Monero and Bitcoin and prefer that. It's a bit DYI, but it's cheaper and so easy to clone. If you travel a lot you have to consider the possibility of shit hitting the fan and you being anywhere.

[Anonymous No.28878917]

>>28878368
>Why not hardware wallets? In my fireproof safe. Protected by various guns.

Because relying on circuitry of any kind is not as foolproof as ink on paper, properly stored in multiple locations.

And by "properly stored" I mean not in plain sight or anywhere a thief might go looking. Be creative.

[Anonymous No.28878973]

>>28878654
fair enough. Once it gets to >300k I'd probably start thinking about ways to reduce risk of getting robbed. Obviously good opsec is a large portion of this, don't let anyone know you have a crypto position.

[Anonymous No.28879180]

You can put your files or seed phrases in a photo or a sound file with a steganography software and decode it when you need it. I heard a software called "deepsound" from mr robot. No one will take a look at your mp3 files or family photos and think hmm there it is that's the seed phrase.

[Anonymous No.28879200]

>>28878917
>Be creative.
Being creative is the key. You can store your encrypted seed online in a way that is pratically impossible for anybody to know what it is and why they should be interested in that particular file. You can also split the seed in multiple encrypted files, reverse the seed before the encryption, etc. Be creative indeed.

[Anonymous No.28879262]

>>28878654
That's a bit to doomer for me. SHTF is a meme. And with the little to no real world adoption of XMR whats the point? It's like a guy in /pmg/ who wears a gold bracelet "just in case" shtf and he needs to barter with it. Just get a carry permit if you are worried. And a credit card. Or if you really want some XMR to carry with you just have some in storage and put a bit on cake wallet when you leave the house.

[Anonymous No.28879287]

So these are ways that you get robbed
>Connecting to any public node that isn't your own private one
>Buying anything with XMR online
>Having your seed stored anywhere that isn't on a piece of paper cleverly hidden
Is that about right?

[Anonymous No.28879290]

>>28879180
creativity is boundless. You could write the words in a different language and translate backwards. You could etch it on the bottom of something that you would never ever lose (something with sentimental value, like a wedding ring).

[Anonymous No.28879420]

>>28878917
They give you a little card to write your seed on. What's wrong with that? The device is useless.

[Anonymous No.28879531]

>>28879262
>That's a bit to doomer for me. SHTF is a meme.
Shit hitting the fan might just be you needing quick access to your stash if you are visiting family in another country or state. There are many reasons one might decide to have multiple backups.

>>28879287
No

[Anonymous No.28879593]

>>28879531
>No
What am I missing?

[Anonymous No.28879624]

>>28879420
>The device is useless.
Hardware wallets are useful because you can send and receive coins without your private key ever touching your computer. That said, I don't use one. I use a fresh Linux VM with nothing installed on it except officials wallets.

[Anonymous No.28879715]

>>28873791
>>28875792
nice, downloading now.

[Anonymous No.28879726]

>>28879200
>Being creative is the key. You can store your encrypted seed online in a way that is pratically impossible for anybody to know what it is and why they should be interested in that particular file. You can also split the seed in multiple encrypted files, reverse the seed before the encryption, etc. Be creative indeed.

Technically, you're correct, I just personally wouldn't feel comfortable knowing my seed was online.

Probably the safest solution is a ziplocked paper wallet placed in a sealed plastic tube and buried somewhere in your backyard. Impervious to metal detectors and somebody would first have to know it was there to go digging for it.

[Anonymous No.28879794]

How the fuck do I speed up the initial blockchain synch?
With BTC you can move a folder to a fast drive and create a symlink, can XMR do the same?

[Anonymous No.28879805]

>>28877393
I'm pretty sure there are different degrees of memory loss, people obviously can get permanent memory loss without turning into a vegetable. 25 random words seems like it would probably be one of the things you'd be most likely to forget.

[Anonymous No.28879999]

>>28879794
Took my work computer 8 hrs yesterday lol

[Anonymous No.28880027]

>>28860056
friendly reminder that in the past decade the elite have shit themselves over bitcoin, collectively decided the only way to win against it was to co-opt it and price you out, and it's worked.
monero is the obvious counter, for the people and private by default, but now we are up against entrenched institutions who may or may not support monero and have a whole lot of new money to fight it.
the solution? disregard derivatives and anti-monero media, follow only the tech and usage, acquire at spot and store OFF EXCHANGES. the game cannot and will not go on forever.
the entities that priced (most of) us out of bitcoin will come to the same conclusion and attempt to price you out of monero too. at the VERY FUCKING LEAST i want EVERY SINGLE ANON to strive for 1.87 monero - this is 1/10-millionth of the network share, equivalent to 2.1 bitcoins equivalent share. if you're not a poorfag, try to acquire and hold 18.7 monero - this is the comfiest long with one of the best possible R/R's you'll ever have given global regulatory trends.
as always, do your own research, renounce the archons and their soul-contracts, smoke cannabis, and love thy neighbor.
I wish well upon you all.

[Anonymous No.28880075]

>>28879794
use your own node. put the lmdb on a ssd. make sure the computer running the wallet software (verifying) isnt cpu limited

[Anonymous No.28880175]

>>28879794
also
>initial
choose a restore height around the time you made the wallet. there is no need to verify blocks before your first transaction

[Anonymous No.28880206]

>>28879287
Public nodes don't have any information about your wallet, you leak your IP but sometimes that's not relevant.
You can buy things with XMR, but if you do be ready to re stack using dirt old USD asap.
I don't mind storing the seed in an encrypted manner online. But the raw text should not see light of internet connectivity.

>>28879624
>That said, I don't use one. I use a fresh Linux VM with nothing installed on it except officials wallets.
Yeah, I feel this is pretty safe. Hardware wallets are pretty expensive in some countries too. The Linux VM method is way cheaper and still very secure.

>>28879794
>initial blockchain synch?
>initial
It's just one time, bro. It's gonna be alright. Otherwise, buy a SSD.

[Anonymous No.28880230]

>>28879794
SSD is practically a must. Also, there is a torrent available of the chain to the nearest day or week I believe. If you have an SSD I would just let it run overnight and it should be fine unless your firewall is gay. Otherwise, here you go: https://downloads.getmonero.org/blockchain.raw

[Anonymous No.28880318]

>>28880230
>>28880206
>>28880175
>>28879999
we have the best community, don't we folks?

[Anonymous No.28880342]

>>28860056

hope all moneroCHADS are having a comfy day!!

[Anonymous No.28880424]

>>28860056
But what if monero was able to mint stablecoins that could be traded easily like cash?

Check out Haven, it has moon potential

[Anonymous No.28880487]

>>28880342
Saved! Thanks!

[Anonymous No.28880566]

>>28880027

I buy a bit of crypto every week. Half into ETH and half into XMR.

[Anonymous No.28880626]

>>28880075
>>28880175
>>28880230
>>28880206

Thank you friends, especially Anon at >>28880075 who said
>put the lmdb on a ssd
that's what I'm looking for.

[Anonymous No.28880844]

>>28880424
You’re looking for moonboys in the wrong place.

[Anonymous No.28880881]

>>28880626
you can also run a pruned node but then you'll be supporting the network less
https://github.com/monero-project/monero/commit/b750fb27b0f20e9443827732b69a504a76036430

[Anonymous No.28881214]

>>28880424
who or what maintains the price peg?
what happens if someone with a significant network share in XHV were to mint/burn xUSD at a whim? are their any further implications?
as soon as you answer these questions you will realize why that coin is doomed.

[Anonymous No.28881229]

>>28880342
Oh fuck new OC!!!
BOOBA

[Anonymous No.28881468]

>>28880342
BOOBA indeed
>>28880027
Dangerously based and moneropilled

[Anonymous No.28882118]

>>28880342

[Anonymous No.28883177]

Bump

[Anonymous No.28883349]

>>28880342
Comfy

[Anonymous No.28883588]

>>28860056
Give the shorts some breathing room before assrape
https://datamish.com/xmrusd/14d

[Anonymous No.28883618]

What's the best way to get XMR on Binance as I can't buy directly with EUR?
EUR > BNB/BTC/ETH/BUSD/USDT > XMR

[Anonymous No.28883730]

>>28883618

EUR>USDT> XMR

Isn't this possible?

[Anonymous No.28883745]

>>28883618
I believe BNB has less fees since its their product
I use kraken personally

[Anonymous No.28883851]

so uhhh is there a loli version of monero chan?
asking for a friend

[Anonymous No.28883984]

How does price fluctuation a crypto relate to the stock market?, I want to gather up a bag of XMR. what time of day is best?

[Anonymous No.28884006]

>>28883745
Alternatively, I might just load up on some BTC as well and convert only part of it

[Anonymous No.28884035]

>>28883851
1/2

[Anonymous No.28884110]

>>28883851
2/2

[Anonymous No.28884136]

>>28884035
>>28884110
you dropped this, king

[Anonymous No.28884141]

>>28883984
exactly at 4:20pm
or any other time of day, since it's literally random

[Anonymous No.28884231]

>>28883984

depends on your time horizen. if you plan to hold for years then buying at 230 compared to 250 is not going to make much difference. I would look for a chart based entrance or breakout if I did not have a full position

[Anonymous No.28884291]

>>28884136
Those aren’t actual monero Chan originals. It’s a photoshop of a character from an anime.
And also loli is gay and not based.

[Anonymous No.28884389]

>>28884136
>>28884110
>>28884035
>>28883851

[Anonymous No.28884461]

>>28871488
you can do no KYC on most exchanges with withdrawal under $2K or $3K per day

[Anonymous No.28884470]

>>28883851
bitcoinchan is the loli of crypto. monerochan is stable, mature, and professional

[Anonymous No.28884514]

>>28884389
kek
not into this lol shit but he asked for it

[Anonymous No.28884557]

>>28884470
Hey anon are you the original xmr chan artist or are you a new anon?

[Anonymous No.28884924]

>>28866162
>You can charge juicy premiums to BTC hodlers desperate to get into XMR and avoid the IRS. They won't be able to use regular exchanges due to KYC so atomic swaps will be their only option.

Convince buyer atomic swaps aren't acceptable because they wont be able to prove transaction history. Fortunately you knew this was coming so you preppared wallets with 1-100 XMR that have sat dormant since 2015.

Sell wallet seeds and keys with transaction history showing HODLed XMR to wallets that have been sitting dorment for some time for an additional additional markup.

Send bitcoin first buddeh.

[Anonymous No.28885318]

>>28884291
I know and don't care

[Anonymous No.28885807]

>>28884557
i am new. big fan of monero chan

[Anonymous No.28885862]

>>28860056
token not needed

[Anonymous No.28885948]

>>28865987
>Nero.

[Anonymous No.28886168]

>>28885807
That’s awesome anon. I could tell there were slight differences but she looks great. Definitely post more!

[Anonymous No.28886228]

There is an Interview with Riccardo "Fluffypony" Spagni if you guys interested with it

https://www.youtube.com/watch?v=G98JFz1wmBY&t

[Anonymous No.28886315]

>>28866162
>Average American preparing for a grocery shop - 2023

[Anonymous No.28886718]

>>28870457
Binance does KYC, though, does it not?

[Anonymous No.28886749]

>>28880342
muh niggah! sav'd!

[Anonymous No.28886819]

>>28886718
all exchanges do, since they're required to do so
if you dont want it check kycnot.me

[Anonymous No.28886998]

>>28886819
It hurts to try thinking about ways to convert millions of $ worth of XMR>LTC back to fiat tho

[Anonymous No.28887049]

>>28879287
Public's aren't that risky but definitely worth hosting your own priv
Make sure it's a reputable seller
GPG to encrypt and overwrite the unencrypted file with RANDOM binary data, not NULL binary data

[Anonymous No.28887330]

>>28871746
>the government offering a bounty to break monero just proves the whole fucking point of this currency existing
The thing I find hilarious is this is basically illegal given some of the vague verbiage in anti-hacking laws. It's like busting into people's private bank accounts. Absolutely oppressive.

[Anonymous No.28888086]

>>28860056
I just started mining XMR. My hash rate is 4.70 KH/s. Is this considered good?

I'm used to mining Bitcoin and this is the first time I'm mining XMR. I don't need it to be that profitable because XMR is actually inherently more valuable to me but I'd rather not lose money...

[Anonymous No.28888415]

>>28886819
kucoin don't my friend

[Anonymous No.28888539]

>>28888086
Way faster than me. My piece of shit laptop gets 300 hash/s lol, you're doing over 15x my hash rate.

[Anonymous No.28888580]

>>28880027

[Anonymous No.28888662]

>>28888539
I have been balls deep into BTC so i have good hardware lol But still, is it profitable for you?

[Anonymous No.28888697]

>>28888086
>Is this considered good?
pretty good yea but depends on which CPU you're using ofc
>I'd rather not lose money
if you got a good GPU too, mining ETH is more profitable
I use nicehash and flip everything to XMR with the built in exchange

[Anonymous No.28888840]

Just dropped an undisclosed amount on XMR. Did I buyed the dip?

[Anonymous No.28888884]

>>28886998
sell it for cash of craigslist type websites at top of hysteria cycle. works every time

[Anonymous No.28889050]

>>28888086
I get 12k H/S with a ryzen 5900x

[Anonymous No.28889155]

>>28888086
also, I'm mining eth wtih a 3090 on the side and turning it into XMR. Computer stays usuable that way

[Anonymous No.28889167]

>>28888662
No, but I am not doing it to profit. I run a public XMR node with my laptop and use it for nothing else, so I figure I may as well mine to offset as much of the power cost as I can.

When I started, I did a calculation and was like "At current prices and hash rate I'm only going to make $3 a year."

A little while later and just because of XMR price going up, my income from it is now expected to be like $30 a year or something like that.

But I guess if I hold and it keeps going up, it could retroactively be like earning $30,000 a year lol. You never know.

[Anonymous No.28889197]

>>28888840
are you ready?

[Anonymous No.28889243]

>>28880027
Great post

[Anonymous No.28889546]

>>28880027
>1.87 monero - this is 1/10-millionth of the network share, equivalent to 2.1 bitcoins equivalent share. if you're not a poorfag, try to acquire and hold 18.7 monero - this is the comfiest long
wagmi

[Anonymous No.28889563]

>>28889155
>3090
I can only dream...
will you buy me a drink in the citadal fren?

[Anonymous No.28889669]

>>28889563
Ofc anon, were all going to make it

[Anonymous No.28889730]

>>28889669
t-t-thanks brah

[Anonymous No.28890011]

What happens when Monero is banned and VPNs are banned/compromised? It will happen sooner than you think.

[Anonymous No.28890205]

>>28890011
Can't ban math. See nigeria. Ted was right. Technology is an unstoppable force.

[Anonymous No.28890217]

>>28890011
Nothing, except the value will go up due to it being less obtainable.

[Anonymous No.28890242]

>>28889197
I'm going to put 90% of my disposable income in XMR for as long as I can. IDC if it crabs.

[Anonymous No.28890249]

>>28890011
The same thing that happened when drugs were banned - the price goes way up.

Too bad it won't happen though.

[Anonymous No.28890414]

>>28890249
>The same thing that happened when drugs were banned - the price goes way up.

Indeed. Demand + scarcity = NUMBER GO UP

[Anonymous No.28890435]

>>28889546
Literally 18.7? I consider myself a poorfag, and my initial investment pretty much put me there.

[Anonymous No.28891719]

bump

[Anonymous No.28891983]

>>28880844
right cuz we going to mars. in 10 years. lol

[Anonymous No.28892353]

>>28888697
>>28889155
Thanks, frens, this is a good idea. Only a shame that ETH is supposedly so crappy with its gas fees.

>>28889167
That's a risk I'm willing to take. XMR is so undervalued its unreal to me, to be honest.

[Anonymous No.28893170]

>>28890435
18.7 will be 1/1millionth of the network share, or the equivalent of 21 bitcoins' network share, until 2038. See: monero.supply
in the absolute trough of shit that is /biz/ in 2021, I urge all decent anons to strive for the 1.87-18.7 coldstorage monero long if they can afford to do so. Do not sell your freedom for peanuts!
"friends, autists, countrymen, lend me your ears..."

[Anonymous No.28893478]

>>28874250
Mine It faggot