/XMR/ - Monero General

[Anonymous No.29554376]

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.

[Anonymous No.29554465]

BOUGHT THE DIP!

[Anonymous No.29554504]

>>29554376
Managed to buy a cheeky stack yesterday. already up 15% this morning.

[Anonymous No.29554536]

Sound money, Safe mode:
https://www.youtube.com/watch?v=aC9Uu5BUxII

[Anonymous No.29555273]

I don't care about the moon. When Monerochan nudes?

[LebAnon No.29555335]

>>29554536
Monero means money bros

[Anonymous No.29555561]

>>29555273
>I don't care about the moon. When Monerochan nudes?
Do we tell him...?

[Anonymous No.29555584]

>>29555273
Legends say there are some, but jannies don't like em.

[Anonymous No.29555954]

You guys are the only technical people that can explain this to me. Why doesn't people think Bitcoin Cash as a store of value? I mean isn't there will be 21 million of them? Why do they promote themselves as a medium of exchange when ultimately it has a hard cap?

[Anonymous No.29555956]

Comfiest hold in crypto.

[Anonymous No.29555987]

bisq users, am I right in thinking you can use fiat to buy XMR thru the platform?

I'm looking at this also:
https://bisq.wiki/Payment_methods#Fiat_payment_methods
What is meant by 'trading period'?

[Anonymous No.29556123]

>>29555954
>Why doesn't people think Bitcoin Cash as a store of value?
The more expensive the network is, the higher is the payout for miners, the higher is the mining power, the more secure is the network. Add to that network effects, storing wlth in a high marketcap asset is more reliable and thus trusted. The war about SoV is over, BCH knows that, so the only thing that's left is being a medium of exchange.

[Anonymous No.29556496]

>wanted to buy the dip
>there wasn't one
ah, the double edge sword of being the best coin on planet earth.

[Anonymous No.29556940]

I work for a bank and our policy on crypto has very recently turned into "if the client can't/is not willing to provide every single crypto transaction he's ever made, how much crypto he owns exactly or if the answer does not satisfy the banker, then it'll go straight to AML (which will eventually not only lead to a termination of clientship, but also to an temporary account freeze)".

I'm withdrawing a couple thousand € cash soon. I advise all of you to do the same. If your banker calls you, be as polite/cooperative as possible or at least make it seem so. Make sure you make clear that you do NOT view crypto as an investment, but as a hobby/tech/something to play around with...that's the main thing.

We might have to sit this one out, boys. I have reasons to believe that soon this policy will spread like a virus.

I just want freedom ffs

[Anonymous No.29556971]

>Why yes, I do use Monero to buy anime figmas and wallscrolls. How could you tell?

[Anonymous No.29556997]

lol are u an idiot?
wat a’fuck ur talking about here?
I am not a nigger who follows trashtokens that they talk about here
longing for bot ocean pre-sale and their open
wanna trade with top algorithms like an expert

[Anonymous No.29557121]

>>29556940
Which contry (or state if within the us)?

[Anonymous No.29557174]

Lets say theoretically i am going bankrupt or will be away from crypto for a few years. Would Monero be the best place to store my assets? It would be nice to come back to at least a 10x 5 to 7 years from now. What is the Monero price prediction that far out? I was thinking a quarter in Monero, Etherium (theres articles claiming 100k price predictions), bitcoin, and loopring or some other alt. Convince me to just go all in Monero. Im afraid it will be canceled by the fed and not have the same growth as easier purchased cryptos.
TLDR - Monero price prediction 5 years from now.

[Anonymous No.29557220]

>>29556123
>Add to that network effects, storing wlth in a high marketcap asset is more reliable and thus trusted.

How can something so vulnerable to governmental blacklisting be considered trustworthy? With Bitcoin you can never be 100% certain you won't have some kind of taint/fungibility issues eventually, with Monero I can sleep peacefully at night knowing the worst they can do is ban it and even then atomic swaps are only months away now.

[Anonymous No.29557291]

>>29557121
Big EU bank

[Anonymous No.29557295]

>>29557220
I was comparing BTC and BCH, nothing more

[Anonymous No.29557378]

>>29557174
Put all in monero, than exchange some to BTC through a non KYC service as a hedge. But unless you're in prison you can always exchange between xmr and anything else through non-kyc services

[Anonymous No.29557483]

>>29557291
EU is like 20+ contries - can you be any more specific?

>>29557378
Huh, why was >>29557174 banned?

[Anonymous No.29557484]

pump it

[Anonymous No.29557485]

>>29555273
this i came to xmr threads only for monerochan

[Anonymous No.29557529]

how many of you have used monero to buy something? i brought some VPNs with monero and some cool hats

[Anonymous No.29557622]

>>29557174
>Lets say theoretically i am going bankrupt or will be away from crypto for a few years. Would Monero be the best place to store my assets? It would be nice to come back to at least a 10x 5 to 7 years from now. What is the Monero price prediction that far out?

If you want the opinion of professional analysts then check out the Satis Group report from late 2018, in their estimation criminal adoption and "unlawful activities" i.e. black markets, tax evasion, money laundering, etc will push Monero upwards of $40K by decades end.

Bear in mind this is a tentative timeline and the current crypto market is too irrational to predict with any degree of accuracy. But their actual reasoning is pretty much spot-on, we are indeed seeing increasing levels of crypto-related organized crime as time passes, and Monero should ultimately reap most if not all of those rewards.

Full report: https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A

[Anonymous No.29557647]

>>29555273
nobody show him

[Anonymous No.29557702]

>>29555987
yeah, but you need enough BTC for the security deposit
>trading period
it means the trade has to be completed in the given timeframe or the security deposits are released

[Anonymous No.29557748]

>>29557702
actually, scratch that, i think it goes to mediation. funds aren't automatically returned with bisq, mediators resolve issues

also buy some BSQ faggot.

[Anonymous No.29557758]

>>29557529
vpn, email, virtual phone number - all things to improve my privacy online
Also some stickers, because why not
And a bunch of donations to NPOs and individuals

[Anonymous No.29557778]

>>29556940
Insane stuff, but there are plenty of crypto friendly banks in Europe. If I withdraw money I won't use my main account.

[Anonymous No.29557850]

>>29557758
>vpn, email, virtual phone number - all things to improve my privacy online
>And a bunch of donations to NPOs and individuals
Exactly why I love monero. And it really tells how much of a surveillance society we live in that people are so offended by the idea of digital cash.

[Anonymous No.29557893]

>>29557529
No comment.

[Anonymous No.29557933]

>>29557758
based. i really wanted to buy some monero wine, but it looks like the site is gone
https://bitcointalk.org/index.php?topic=5287515.0

[Anonymous No.29557967]

>>29557893

[Anonymous No.29557994]

Is the non-KYC premium persistent even if you buy another coin then trade it for XMR via kraken?

[Anonymous No.29558035]

>>29557933
try asking the guy on reddit directly https://www.reddit.com/r/Monero/comments/jor8pg/in_your_and_all_the_devs_honor/

[Anonymous No.29558088]

>>29558035
im banned from reddit for saying the n word.

[Anonymous No.29558202]

>>29558088
my bad. then use the email from this post: https://www.reddit.com/r/Monero/comments/k1ym2b/friday_monero_market_thread_november_27_2020/gdudsan/?context=3

[Anonymous No.29558204]

>>29557220
BTC is a literal chink ponzi, and normies love it KEK

[Anonymous No.29558323]

REMINDER TO ANY BITTREX USERS:
Get your XMR out by 2/26.
They're ending support for Monero.

[Anonymous No.29558381]

>>29558088
nigger

[Anonymous No.29558551]

>>29558323
" ending support" aka taking any XMR people dont withdraw for themselves

[Anonymous No.29558722]

>>29558381
wtf anon.

[Anonymous No.29559135]

what is possible ATH in next years?

[Anonymous No.29559249]

>>29559135
600

[Anonymous No.29559294]

bros how much XMR do you hold? for me it's an unknown amount

[Anonymous No.29559390]

>>29559294
An undisclosed amount above 50 but below 250.

[Anonymous No.29559425]

>>29559294
An unknown 3 figure amount

[Anonymous No.29559483]

>>29559135
Depends how far the current moon mission goes. I expect at least surpassing last ATH. If it follows BTC in 2017 then it will reach $8000 (20x prev ATH).

[Anonymous No.29559541]

>>29559390
>>29559425
wtf bros, im a single digit stacklet
gubberment is not paying my neet bux AAAAAAAA

[Anonymous No.29559685]

>>29559541
Don't feel bad, in XMR I'm semi-up on worthless petrobucks, but down in sats. It's uncomfy.

[Anonymous No.29559768]

>>29559541
It'll be worth the equivalent of $40,000 per XMR in ~10 years time so don't worry too much. People on biz will call you a larper if you hold a whole monero soon enough.

[Anonymous No.29560054]

>>29559541
I dumped my entire February paycheck + my annual bonus into XMR yesterday.

[Anonymous No.29560099]

>>29559294
an undisclosed amount lower than 1
fuck I wish I had more money to spend on monero

[Anonymous No.29560194]

>>29559294
between 50 and 80, the issue is not what I'm holding now but whether or not I will be forced to sell them within the next decade

[Anonymous No.29560603]

if there would be some massive ban on monero, is it possible that in the long term it could actually make the price grow because they would essentially admit that it's so good

of course short term it would tank the the price

anyway, i think such consensus would be extremely unlikely, going to hold my XMR probably until 2030 at least

[Anonymous No.29560874]

>>29560603
>if there would be some massive ban on monero, is it possible that in the long term it could actually make the price grow because they would essentially admit that it's so good

The only reason to ban Monero is because it's TOO effective at what it does. Therefore:

banning Monero = effectively endorsing its efficacy and reliability = encouraging even more adoption, not less.

And because banning it would reinforce the perception of scarcity the price would likely go up, not down.

Basically, win-win for XMR as long as atomic swaps are fully operational.

[Anonymous No.29561453]

>>29559685
Lol you didn’t seriously buy the crypto administered by Venezuela, did you?

[Anonymous No.29561535]

>>29561453
No I mean petrobucks = USD
My stack is up in dollars but down in stats

[Anonymous No.29561644]

>>29561535
Oh gotcha