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/biz/ - Business & Finance

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File: 1.28 MB, 2673x3260, wownerochanheadpats.png [View same] [iqdb] [saucenao] [google]
55247430 No.55247430 [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 fungible, 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 ensure that Monero's blockchain is obfuscated -- In other words, 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 user willingly providing a view key.

Monero has also improved upon the scaling downsides of current popular cryptocurrencies. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of transactions 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 to 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 gradually approached 0.6 XMR in June 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.

XMR Redpill: https://yewtu.be/wq6w03E2DS4

XMR Stats: moneroj.net

USE Monero: https://cryptwerk.com/pay-with/xmr/

OFFICIAL WEBSITE - getmonero.org



>Non KYC:
Crypto ATMs
see: kycnot.me



Official Gui/Cli

IOS: Cakewallet
Android: Monerujo

>> No.55247439
File: 266 KB, 1200x1145, wirey.jpg [View same] [iqdb] [saucenao] [google]

Reporting in
Swimng Pool - https://pastebin.com/raw/Mb7Dyg24
IRC - https://pastebin.com/kP1gZ1Hk
Education - https://pastebin.com/V0SFR8qU
Mining - https://pastebin.com/Rd1V8P5L
Nodes - https://pastebin.com/j6Vv2Xn6

>> No.55247443

So I should 2X long Monero right now, right? I mean, it seems physically impossible it would go below 70 dollars.

>> No.55247454

I literally doubled my XMR wallet. this is a beautiful moment. I have set more aside incase it dips below 120.

>> No.55248265

Give me some red pills anon i feel partially defeated, feel nothing happened after the debt ceiling was lifted, most shitcoins are possed centralized garbage, bitcoin has the biggest chance of mass adoption and yet its technology is so shit with no privacy and monero suffers from the fact the blockchain would eventually get centralized because not everyone can afford the latest terabyte hardware and the liquidity of monero is not at its strongest, also when push comes to shove people would rather take it in the ass and use their cbdcs over some abstract form of freedom in internet money, in part the concepts of blockchains themselves are kinda dogshit and i feel we will get some form of money of crypto 2.0 that wont rely on stupid blockchains, am tired of seeing so many scams i think the future of decentralization must be somehow out of this space

>> No.55248353
File: 228 KB, 612x612, 1686069898871888.png [View same] [iqdb] [saucenao] [google]

For The Captain


>> No.55248550

>and monero suffers from the fact the blockchain would eventually get centralized because not everyone can afford the latest terabyte hardware
that's bullshit. Monero's blockchain is currently at 170 GB disk space. You can literally fit it into your phone.

Get rid of your own delusions.

>> No.55248872

Why is everything dumping again?
So tiresome...

>> No.55249030

>not everyone can afford the latest terabyte hardware
A TB SSD is under 100 bucks new. Kek the African Zcucks seething

>> No.55249149

Bitcoin is a fat piglet still to be slaughtered, something with no usecase can't continue to be valued at 500 billion dollars, that's just stupid

>> No.55249320

What is Wownero?

>> No.55249329

>not everyone can afford the latest terabyte hardware
What do you mean? How many TB we talking here?

>> No.55249901


>> No.55250064
File: 888 KB, 1568x1080, P2Pool.png [View same] [iqdb] [saucenao] [google]


P2Pool combines the advantages of pool and solo mining; you still fully control your Monero node and what it mines, but you get frequent payouts like on a regular pool.

P2Pool has no central server that can be shut down/blocked because it uses a separate blockchain to merge mine with Monero. There's no pool admin that can control what your hashrate is used for or decide who can mine on the pool and who can't. It's permissionless!

Decentralized pool mining (P2Pool) is pretty much the ultimate way to secure a PoW coin against 51% attacks. Once P2Pool reaches & maintains 51%+ of the total network hashrate, Monero will be essentially invulnerable to such attacks.

Although many inexperienced miners think that bigger pools give better profits, this is absolutely NOT the case. Your profits in the long run depend ONLY on your hashrate, NOT on the pool's hashrate.


1. Download the *bundled* version of Gupax for your OS here: https://gupax.io/downloads/
2. Extract somewhere (Desktop, Documents, etc)
3. Launch Gupax
4. Input your Monero address in the [P2Pool] tab. USE A SEPARATE MINING-ONLY WALLET!
5. Select a Community Monero Node that you trust, although you can and should run your own node if possible.
6. Start P2Pool
7. Start XMRig

VIDEO GUIDE: https://gupax.io/guide/

You are now mining to your own instance of P2Pool, welcome to the world of decentralized peer-to-peer mining!


OLD GUIDE FOR P2POOL MINING FROM THE MONERO GUI WALLET: https://pst.klgrth.io/paste/eecbe


>> No.55250082
File: 65 KB, 560x558, TakeThePill.jpg [View same] [iqdb] [saucenao] [google]

*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****
*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****

Learn more about Monero's key features and excellent future prospects, have some common misconceptions dispelled and discover the cold hard facts about Bitcoin, Zcash and PirateChain. Also featured is a noob-friendly buying, storage and wallet guide.

>Monero: it's what new Bitcoin users think they bought. Every feature, explained

>Why Monero is so untraceable: a rundown of the powerful stealth tech Monero utilizes

>The Writing on the Wall: Monero replacing Bitcoin as the new standard

>Breaking News: no, Monero still isn't traceable

>Vaporware: why nobody is worried about CipherTrace's magic crystal ball

>Very Clever Math: how we can verify that the XMR supply isn't being inflated

>Pssst, wanna buy some Monero? Follow these simple how-to guides

>Bitcoin: The Original Non-Fungible Token

>Why Monero is Better than Zcash: the "privacy coin" criminals won't touch

>The Lowdown on PirateChain: why this Zcash clone is considered a scam


- added Proof-of-Stake update to Zcash Blackpill
- added list of available desktop/mobile wallets
- expanded all sections with more relevant info, graphics & videos
- added easily linkable headers and sub-headers (link icon to the far right)
- added a new section about traceability FUD

>> No.55250112
File: 1.47 MB, 1920x3246, CypherpunkManifesto.png [View same] [iqdb] [saucenao] [google]

Never forget what this is ultimately all about.


>Help grow the circular Monero economy: buy/sell goods & services with/for XMR!


>Live off XMR with Cake Pay (now available in 140+ countries!)

>or with CoinCards (currently US & CA only, UK, EU & AUS coming soon)

>Monero stickers for guerilla marketing

>Buy silver/gold bullion with XMR (US only)

>Monero-only VPS hosting

>Buy books with XMR

>Monero-only Airbnb

>Win XMR!

Say buh-bye to Bitcoin and support the growing number of Monero-only darknet markets/vendors.

# = recently launched, exercise caution

>Astra #
>Asur Market
>Chimera Market
>Cloud Market
>Dark Matter
>Drugula #
>Gofish Market #
>HighSupply #
>Mercury Market #
>Pygmalion's Refuge
>Retro Market
>Sonanza Market #
>Squid Market
Links: https://pastebin.com/raw/P7xABCCb

>LocalMonero is now available on I2P

Anonymously exchange BTC for XMR using a reputable darknet service

>Majestic Bank
>Infinity Project

or a reputable clearnet service

https://trocador.app/en/ | I2P: http://trocador.i2p/en/

>Want to support further development? Donate to the Monero General Fund or MAGIC Monero Fund

>Have a particular set of skills? Join a Monero Workgroup and (potentially) earn XMR!!!

>Want more Monero-chan? Donate to the Community Art Fund

>> No.55250432
File: 13 KB, 195x258, 1615553708175.jpg [View same] [iqdb] [saucenao] [google]

Anyone know of a printing service that accepts monero? looking to have some custom vinyl's made. If the monerosupplies chad is still around maybe you could point me in the right direction.

>> No.55250696

Why is it dumping so slow, I want to fill my bags. It's not supposed to be a stblecoin, damnit.

>> No.55250928

>zcucks down 20%
This is so funny.
Can their dev fund survive to the end of the year?

>> No.55250961

He buys from flyeralarm.com
t. original sticker guy before Monerobull

>> No.55251102
File: 345 KB, 2112x1120, af387868805fddf4d3fe6e18582cc2de78e8c58f.png [View same] [iqdb] [saucenao] [google]

Can their dev fund survive to the end of the year?

Not at their current burn rate lol. The downsizing will continue until the price improves!

>> No.55251110

Thanks! I'll look into that one but its way out of my local, not that its a deal breaker

>> No.55251419

A fun shitcoin that uses some of moneros tech.

I just checked my running node and the entire blockchain is 165.197972 Gigabytes (I think it was like 145-150 in Jan or Feb). I have no idea what he is talking about considering my node runs on a secondhand gaming PC I got for $70, with an SSD that cost me an extra $50. If I opt for a RAID setup that allows redundancy, I might be looking at a $300-400 drive setup instead.

>> No.55252041

Are we eating tinki-linkies today?

>> No.55252087

i have gold and silver too friend :) also Norwegian Krone and 0 (large) debts. i feel pretty secure in my diversification, XMR is just another string to my bow and every month i add more to each stack, this month was monero and a hedging short on btc. thanks for the kindness though

>> No.55252181

do you run at a loss?

>> No.55252209

Yes and no

It's a net (roughly) -$1 per day, but the security and connectivity it provides me and the rest of the world is way more than worth that dollar a day in my opinion, so I just consider it part of the proverbial "cost of doing business"

>> No.55252262

Also I should note that that -$1 a day comes from a node running a mining pool as well as 4 separate mining rigs, but I spent about 6 months slowly tweaking them to consume less and less power while maintaining hashrate and staying stable.

>> No.55252270

cool. how much XMR do you mine per period if you dont mind me asking?

>> No.55252318

give or take 0.009XMR per day with my current setup, for an upfront cost of roughly $3k in hardware.

>> No.55252614

> the security and connectivity it provides me and the rest of the world is way more than worth that dollar a day in my opinion
Absolutely, undeniably based

>> No.55252961 [DELETED] 
File: 148 KB, 960x745, FtEZHE1WYAIV1Dh.jpg [View same] [iqdb] [saucenao] [google]

Monero's price (and even usability) might get ugly for a while. But in the end getting kicked out of every CEX will force the ecosystem to develop DEX solutions

>> No.55252979

Monero's price and adoption will take a hit for a while. But in the end getting kicked out of every CEX will force the ecosystem to develop DEX solutions

>> No.55253005
File: 1002 KB, 1920x1080, X4XMR.png [View same] [iqdb] [saucenao] [google]

>But in the end getting kicked out of every CEX will force the ecosystem to develop DEX solutions

Yep, and then that's one less chokepoint to worry about.

>> No.55253012


so you can only store your monero in your PC or in your phone? not very safe

>> No.55253030

you will buy dedicated crypto thinkpad, debloat it, encrypt it and like it.

>> No.55253057
File: 1.88 MB, 460x570, 1662764876578699.webm [View same] [iqdb] [saucenao] [google]

>so you can only store your monero in your PC or in your phone? not very safe

The deal breaker for me is not having a dog.

>> No.55253121


how do i download this thing

>> No.55253146

Does that husky have african ancestry by any chance?

>> No.55253408

Bri'ish.. that is why he be stealin

>> No.55253456

That's monerujo, the android xmr wallet. Go to the google play store or F-Droid to install, or you can visit that github page on your phone and download the apk and run it.

>> No.55254027

I expect this bear market to replicate the last one almost identically

so I believe we still have further to drop

also I believe in confluence with the fact that institutions might see now as the best time to get rid of their bitshit, they pushed the hype and probably got all they could get out of it, it's a clunky barely functioning piece of shit

I expect us to drop to 80 dollars within the next year

and bitshit to 10k or below

>> No.55254059
File: 1.12 MB, 1920x1080, MuhPriceAction.png [View same] [iqdb] [saucenao] [google]


Price action is meaningless in a market this manipulated.

>> No.55254112

price action means you can acquire more xmr for worthless fiat

>> No.55254262

WGMI senpai, go with God.

>> No.55254460

That checks out

>> No.55254680
File: 68 KB, 763x661, monero miners 20230610.png [View same] [iqdb] [saucenao] [google]

it's been a while...
reporting in

(I also run a full node)

>> No.55254749

Phones are pretty safe as long as
>you only connect it to a secure network
>you use only a strong secure password. No mememetrics
>you turn your phone off when not in use
Just about every exploit for phones does so using one of the above including the ones used by uncle LEO

>> No.55255067

Its so sad watching algorand retards and other shitcoins trying to cope we need to comply or get regulated out of existence literally pathetic dick suckers the only coins with some usecase are the POW coins, storage as a service coins and probably oracles but something like chainlink is a fucking ICO centralized failure

>> No.55255188

>anon missing out on that sweet 3x pay from the NSA/CIA

>> No.55256819
File: 8 KB, 300x118, Screenshot_2023-06-10_19-19-53.png [View same] [iqdb] [saucenao] [google]

Its going to take hours to sync my wallet. Can I spend before it is synchronized?

>> No.55256883

Assumingbyou chose the right setup option, you can use your wallet with remote nodes until the block chain is finished downloading and you start using your local node.

>> No.55256929
File: 11 KB, 381x124, Screenshot_2023-06-10_19-38-30.png [View same] [iqdb] [saucenao] [google]

The wallet says there is this much even thought there are 450,000 blocks to be synced.

>> No.55257358

anyone else waiting for this shit to drop below $50 to accumulate more?

>> No.55257363

no this is one of the main issues keeping XMR from mass adoption. the devs are fucking retards when it comes to end user experience

>> No.55257438
File: 135 KB, 300x287, 1686395973441804.png [View same] [iqdb] [saucenao] [google]

why does jannie hate uncle ted so much?

>> No.55257986


>> No.55258086

Cake id promoting monerujo wallet
>oh the irony

>> No.55258572


Bump for seraphis + jamtis upgrade.

>> No.55258814

>Wrong answer & low IQ.
Kek, at this rate yes. XMR is holding up nicely against the shitcoins

>> No.55259104
File: 2.44 MB, 2000x1588, wownero.png [View same] [iqdb] [saucenao] [google]


>> No.55259266


>> No.55259363 [DELETED] 

Is it hard to create a public view keyif you wanted to prove you had xx.xx xmr?

>> No.55259714

Congratulations on dumping upward

>> No.55259727

What's been going on with this based shitcoin?

>> No.55259866

So what now? I've been holding for 3 years now slowly losing money.

Is XMR actually going to do anything? I'm not even fudding (I'm not selling). Just want to know the realistic state of things. How is the darknet market doing? What is the state of offshoring through XMR?

what is the long term roadmap and adoption theory looking like?

>> No.55259884

>ID starts with ONIONS
It's over

>> No.55259912

>holding for 3 years
You've missed the point, stop holding and start using

>> No.55259968
File: 405 KB, 1536x2048, FskPtKDWYAEHcM4.jpg [View same] [iqdb] [saucenao] [google]

>So what now? I've been holding for 3 years now slowly losing money.

My heart breaks for you.

>Is XMR actually going to do anything?

It's actually proving itself to be reliable and fungible electronic cash.

>How is the darknet market doing?

Oh, not too bad, its only totally replacing Bitcoin and is on its way to becoming the exclusive medium of exchange in a multi-trillion dollar economy.

>What is the state of offshoring through XMR?

Might want to direct that question to the Colombian cocaine cartels who are sitting on fat XMR stacks.

>what is the long term roadmap and adoption theory looking like?

Keep building and let nature take its course.

>> No.55260130

doubtful. the devs are basically a volunteer force of stoners and chink autists who come and go as they lose interest or get new pokemon games to play and dont understand end user functionality or how the average normie uses an app. because of this it will never have mass adoption by the retail class. and the institutional class will forever avoid it in favor for goytracking coins that report your social credit score back to the kike botnet to determine whether or not you earned your bugs for dinner, for obvious reasons.

>> No.55260179

if anything that serves as a shit test against normies

>> No.55260245


>> No.55260264

The redpill is that Monero isn't a flimsy get-rich-quick scheme. Our goal isn't to trade our bags for fiat, we do not fear regulatory crackdown as people already use XMR for illicit transactions and most exchanges already don't list it. The goal should be to arrange your life in such a way to be able to conduct all of your transactions in Monero. There will probably be certain realities of the world that will make something like this impossible (property taxes, for instance) for now. However taking steps towards that goal is nonetheless worthwhile. Each step loosens the grip the state has over you, and because you are a part of a network of interconnected individuals, there will be second order effects that you attempting to arrange your life in that way will have on people. Monero is the greatest threat to the state to be created since the firearm. Your job is to try to convince those around you to be like-minded. Which is easier said than done, but that hard work is what is necessary because Monero adoption won't just happen.

I'm trying to walk the walk, and admittedly it is very difficult. However, there are really easy, small things you can do. Something as simple as wearing Monero merch. Just yesterday I had someone ask me "What is that logo on your hat?" and I gave them a brief summary of Monero in a way I thought might be appealing to them. Asking people who often work fairly cash-heavy businesses if you can tip in Monero might work too, someone like your barber. Setting up a public node for people to connect to can help make the onboarding process easier. There's tons of opportunity out there to spread the good word, do not be disheartened because someone else hasn't done it yet. Try to be one of the people doing it. Godspeed Anon.

>> No.55260541
File: 270 KB, 1191x710, CashOrMoneroOnly.jpg [View same] [iqdb] [saucenao] [google]

>mass adoption by the retail class. and the institutional class

lol that goes for ALL of crypto, genius, govt-issued CBDCs will be made legal tender and given a monopoly on digital payments for obvious reasons.

Monero still survives and thrives under such a scenario, can't use CBDCs on the black market!

>> No.55260683
File: 76 KB, 900x900, 1679655631939254.jpg [View same] [iqdb] [saucenao] [google]

>monero suffers from the fact the blockchain would eventually get centralized because not everyone can afford the latest terabyte hardware

Something something Moore's Law something something capacity. Tech always starts out enterprise-only and then trickles down to the filthy masses.

>The rising popularity of advanced technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) will drive increased demand for data storage (and therefore SSDs) that can deliver the high performance and low latency that support and enable complex high-capacity workloads. Enterprises will need SSDs that are ever faster, smarter, and denser for high-performance computing of all kinds. Both 32 TB and 64 TB SSDs are available now. Expect to see petabyte-scale SSDs starting at 128 TB in the near future.


>> No.55260807

That's a terrible cope, unless you can prove that increased accessibility demands technical compromises

>> No.55260840
File: 125 KB, 1252x751, downwiththeship.png [View same] [iqdb] [saucenao] [google]


Syncing is the price you pay for not having addresses appear on the blockchain. If you don't care for that trade-off then have fun playing Russian Roulette with CoinJoin.

>> No.55261142

Bad take considering there is an option to skip this syncing.
Also obligatory "seraphis will fix this"(and much much more)

>> No.55261335

no option to "skip" syncing, but you CAN have a proxy listening and constantly syncing so when you go to check or spend, it's already done syncing.

>> No.55261597

Seraphis update brings a solution to the table for the sync times.
Rn you can have almost instant sync times but you have to give your view key to the node which is obviously a privacy problem unless the node its yours. In seraphis you will be able to provide a key to the node that doesnt reveal anything from your transaction history and will allow you to insta sync with the node.

>> No.55262177
File: 27 KB, 1155x226, Capture2.jpg [View same] [iqdb] [saucenao] [google]

Git gud.
Advanced with bootstrap remote node access.
needs an i2p/tor mirror.

>> No.55262710
File: 782 KB, 4096x3072, monero.png [View same] [iqdb] [saucenao] [google]

Anons, hypothetically speaking, what is the best way to store your seed online?

An encrypted keepasxc database inside a cryptomator vault inside a veracrypt encrypted disk, all with large (more than 25 characters) and different passwords. Is this a good setup?

Hypothetically speaking

>> No.55262815
File: 365 KB, 290x400, 16980724.gif [View same] [iqdb] [saucenao] [google]

>what is the best way to store your seed online?

>> No.55262870

I think monero should have a native stable coin. Something to swap monero for. I'm sure monero people can design an algorithmic stable coin that doesn't implode. The inflationary nature of monero would make it so people won't horde the stables either.

>> No.55262943

>I think monero should have a native stable coin
Stupid idea. This topic has been discussed to dead several times already.

>> No.55262952

>An encrypted keepasxc database inside a cryptomator vault inside a veracrypt encrypted disk
Probably too many layers, too much risk involved with forgetting even one complicated password. Really you just need one of those, anon. I would use veracrypt and use the hidden volumes feature, that way you can literally name the file "main wallet monero seed phrase" and set it up so that one password opens a decoy seed phrase text file with a trivial amount of monero in it, and a separate password opens up the real seed phrase. In the unlikely event that this file gets seized and the feds are demanding the password you can give them the decoy password and they won't know and can't prove that there's a different password that unlocks something else.

If you're going to upload the encrypted volume online make sure you're using a service that isn't going to delete your files after long periods of inactivity. Even google is going to start deleting accounts that haven't been logged into in 2 years.

>> No.55262982
File: 73 KB, 452x469, dlfkgjkgjdkj.jpg [View same] [iqdb] [saucenao] [google]

Store the seed without the passphrase

Since you have to sync the blockchain to see if the wallets has funds, it is pretty hard to brute force the passphrase

>> No.55263151

i saw one mod on a reddit reject stables because of ideological reasons, but nothing sound in reasoning.

>> No.55263169

what should i hold then?

>> No.55263240

A stablecoin requires centralized "dao" to be able to be able to purchase and liquidate assets needed to maintain the peg, or else it would have to be a liquidity pool prone to rugging. That's why its a retarded idea.

>> No.55263243

Gpg encrypted text file sent to your email

>> No.55263419

then monero team should come up with something better. I'm sure they can figure it out, smart as they are.

>> No.55263466
File: 176 KB, 885x769, Monero-chan Bitcoin-chan exposed private parts cropped.jpg [View same] [iqdb] [saucenao] [google]

I'm a bit burnt from /biz/ communities fuding each other and everyone thinking only their investment will succeed while all others fail. Is it possible that BTC will be valuable and useful (for reasons unknown), even if monero does become the best crypto for darknet and black/grey markets? I just don't wanna fall for the classic trap of bearish arguments sounding more sophisticated that bull arguments.

>> No.55263550
File: 84 KB, 1141x725, lolbtc.png [View same] [iqdb] [saucenao] [google]

>Is it possible that BTC will be valuable and useful (for reasons unknown)

lol how? Its value is largely the result of outright fraud (wash trading) while its utility is basically negligible now, it lacks fungibility and the fees are comedy gold.

BTC is basically coasting on former glory at this point, and that can't last.

>> No.55263615

You're not alone. I think Bitcoin and Monero are both great, hold and use both regularly, and don't get the whole BTC maxi<->XMR maxi shit flinging competition that's going on. Both have freedom as their goal, though they take different approaches to that problem.

>> No.55263628

BTC is already valuable and useful. It is literally the most valuable crypto currency in the world, by a wide margin, and the most used.
Granted, its a young project, the bitcoin network is only 14 years old, and the block rewards are still high. Will BTC still be the most valuable and useful 120 years from now, when the final BTC is mined? It's anybodies guess, but I figure the best way to approach the future is to be vigilant and pay attention to what happens in the present, each day until the future arrives.

Personally, I think BTC will continue to survive. I think oridinals demonstrate that fees can serve as an alternative to block rewards for miners, and long term there will be more reasons to transact on bitcoin, generate fees, etc.
My main concern, the bitcoin network is slow to react, slow to adapt. Only in critical situations do people seem to mobilize, like with SegWit. People need to be encouraged to run full nodes, but its currently tricky for most people to do that. For the most part, people still rely on exchanges to act as custodian, but given the US legal situation, I think more people will be moving assets off exchanges and into wallets.
Kinda rambling now, but monero, it is not a darknet token, it is a payment token, and can be used for anonymous transactions. It's not some illicit substance, normal people can use it, normal people should not be considered criminals or associated with criminal activity for wanting to stay private.

>> No.55263914

Why would it need to be a "native stable coin"? I'm not really familiar with the term and am uncertain what it means.

>Something to swap monero for
If you're concerned about on ramps, afaik atomic swaps could be developed for coins other than Bitcoin. I don't know why people would need to create a stable coin for that.

>> No.55263940

seriously considering buying some wownero just to satisfy my bimbo fetish.

>> No.55263960

native as in algorithmic stable coin. Just a coin without dependancy, other than the main chain. I support atomic swaps between bitcoin and monero, super valuable in my mind. A stable coin that's native to monero shouldn't need atomic swaps to facilitate though. More like, xmr is used as collateral to 'mint' xmr-stable. I'm not too familiar with monero's capabilities, but I imagine something like that is doable.

Would it be ideal? Not sure, lack knowledge of monero. But I do know there is value in having a stable asset, even more valuable when tied to XMR.

>> No.55263961

>literally can't think on a longer timescale than 3 years
>nigger brained and stupid

yea please sell, someone else deserves your xmr

shit tier fud

>> No.55263970

bitshit is over bro, your narrative died over 5 years ago now, let go

>> No.55263976

>there is value in having a stable asset
This is basically just an accounting fiction though. If everything was priced in XMR you'd say that dollars fluctuated wildly in value.

>> No.55264043

And for why it needs to be native, monero is a self-sufficient, batteries included ecosystem, but lacks access to a stable asset. When the price of a payment token fluctuates, it makes it inconvenient to use it for payments. A stable token is more consistent for payments. A stable token on monero should depend on an external asset to maintain its stability. It only need rely on the base layer token to mint, burn, exchange, etc.
Money is funny. Depending on how you look at it, a currency pair could either be green or red. Is bitcoin volatile compared to the dollar? Or does the dollar continue to lose value versus bitcoin? Or is it both? Same for any other currency pair desu. Sure we may perceive something as stable, but there could be instability in other places. I think so long as the mathematic proofs are correct then we can operate freely without having to think about it too hard.
To put brief, if it looks like a duck and acts like a duck, then i'll be damned if i don't treat it like one.

>> No.55264055

if it looks like a shill it's probably a shill

swiftly neck yourself

>> No.55264127
File: 302 KB, 1218x545, explain cityfag wv.jpg [View same] [iqdb] [saucenao] [google]

as a sovereign individual in a post apocolyptic, corporate technocratic future, having a renewable source of energy to mine xmr is mandatory to retain some level of sovereignty

personally I like hydro electric, and isolated rural mountainous regions that it seems no one wants to move to, it might be

>muh no girls
>muh no jobs
>muh no barcades
>muh no indian food

or whatever other stupid consumerist cope a cityfag will set themself up with

wars over power generation and industries essential to modern life will be fought over in wars between corporations as the central government dissolves over time

it is extremely important to try to become as independent as possible from these systems

>> No.55264500

Bitcoin can eventually become a bearer asset used by white markets as collateral for loans without affecting the monero ecosystem, given that you can't actually make loans in bitcoin because there's no inflation. You can make loans in monero, but since you can't tell who owns what monero, it can't be used as collateral like, say, a house could.
This is the best "neutral end" I could come up with

>> No.55264527

holy fuck at the hoops bitshitters jump through to pretend their asset has a usecase, it's literally dead

there will never be any new supply, it will never be valuable as an asset for any reason, other than to sell it and get rid of it

>> No.55264529

Why can't you make loans with no inflation? Just very low interest rate loans.

>> No.55264661

He asked if it's possible, anon. I just gave the only path i could see happening. Pls no bully

Because unless velocity is high enough you can't pay back the loan without new currency creation. Hodl mentality in the community would fuck you.

>> No.55264797

We had a gold standard before and the economy worked just fine, despite the lack of free money printer loans, so I don't buy that. I guess loans would be more expensive, growth could be slower, and we'd have to save more, but I don't think that's a bad thing relative to the system we have now.

>> No.55265084

Did the monero reddit go private?

>> No.55265185

Gold does inflate though, not a ton but just enough so that you can loan it out and expect to be paid back with additional interest. Without that inflation the gold standard wouldn't have worked to begin with

>> No.55265312

coming to you in 2035

>> No.55265373
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>> No.55265429

The important part is that its inflation is slow because of how much effort is required to find, extract, and refine it. xmr tail emissions are supposed to basically be that long term which seems much more sustainable than whatever it is bitshitters think will work

>> No.55265839
File: 2.95 MB, 8000x6060, 47B874A2-9F4E-4D2B-851C-500C7A60072F.jpg [View same] [iqdb] [saucenao] [google]

Glad to see link fud bots have died.
Along with their coins. You get what you deserve, faggots. Furthermore I am amazed at how cheap a tb flash drive is these days. We are good on layer 1 scaling for probably ever. Monero remains the best of the coins. Good prices

>> No.55265854

breasts too large

>> No.55265902

why are you gay

>> No.55265925

will never thrive compared to other options in the market. unironically the best token for the current use case of crypto (buying illegal stuff) but it will never exist otherwise outside of an ancap fantasy

>> No.55265983

why are all of you beast fetishists?!

>> No.55265995

In that timeline you can learn cryptography and how to program. Go do it and make your prediction come true.

>> No.55266000
File: 440 KB, 568x1232, file.png [View same] [iqdb] [saucenao] [google]

They don't even need to be small but they're simply too big rn.

>> No.55266126

is anyone here all in on XMR? i mean like 90% of your wealth here not just you put a decent chunk of change on it. if you are 90%+ net worth XMR can you state your reason for your conviction of why its the future? im trying to convince myself to buy 10 XMR right now which is a big chunk of change for me. ive already mostly decided its the future but im still kind of worried the masses of NPCs are retards who will never figure out that privacy is the only thing that matters and the sheep will just trade privacy for the illusion of "safety" because all those ebil "money laundering terrirsts" out there

>> No.55266312
File: 85 KB, 640x640, New-Non-currency-Coins-Monero-Coin-Commemorative-Coin-Physical-Metal-Antique-Imitation-Art-Collection-Gift-for.jpg_640x640.jpg [View same] [iqdb] [saucenao] [google]

The only person who would be 90% would be someone who values privacy above all else. Gotta always be able to buy jew led rugpoles if not. Do your part and be a tiny annoying market maker

>> No.55266367


>> No.55266371

Are we talking about chainlink on my own retail research i find an oracle is necessary for an economy to work but if chainlink is centralized whats the solution

>> No.55267164

The reason not to go YOLO on any crypto is that it's completely possible that governments attack any given crypto (or all crypto) at some point in time. Lets assume Monero weathers this storm eventually and you end up in the black even with it. Great!

But did you last? Like pretend it was illegal for 10 years, did you last?

If you didn't last, if it wrecked you, you aren't all in on XMR. You are all in on "the assumption that XMR will not have any meaningful opposition for long enough to wreck you". That's very different. A government can oppress hard and for a long time, after all.

Going all in on anything is a bet on short term events- that governments will be reasonable in the short term, etc. It's got precious little to do with the fundamentals.

>> No.55267309
File: 3.54 MB, 2870x2060, mw boob squeeze dc.png [View same] [iqdb] [saucenao] [google]


>> No.55267761

>muh leddit has gone le dark
More power to lemmy and federated alternatives:


>> No.55267795

>Yes and no

God I fucking hate when people say this shit
I will fucking destroy you in minecraft

>> No.55267822
File: 94 KB, 333x599, Screenshot 2023-06-12 045557.png [View same] [iqdb] [saucenao] [google]

Federated alternatives are pretty good and all, but why the fuck are you hosting in Germany? They have draconian speech laws, and tons of /pol/tards on here will say something that they'd say here with impunity, and then get banned for it -- it's a disaster waiting to happen.

>> No.55267833

>but why the fuck are you hosting in Germany?
I am not the admin of monero.house instance. But I agree with you, hosting in germany and adhering to their "woke-speech" laws is stupid.

I would say, spin up your own lemmy instance and host a monero community there/post your comments fom there.

Lemmy seems quite lightweight.

Apart from all of that, I also like what the monero.house admin does with his instance monetization: 0.01 XMR if you want to register an account on his server. I like this model. Monero is well-poised for such spam-account countering. It should be the de-facto registration for all internet forums (instead of email registries).

>> No.55267854

not good. I don't care how much you hate normies, they are necessary to facilitate the adoption of Monero. closing the community is in direct opposition to the objective of Monero adoption.

the average person doesn't know what lemmy is or how any of this shit works.

>> No.55267858

to add, closing the Monero subreddit does nothing to "stop le api changes" or whatever, but DOES harm Monero's reach, which is simply a negative to the project.

>> No.55267871

>the average person doesn't know what lemmy is or how any of this shit works.
nigger you are aware that you can use lemmy just like you use reddit? just register an account on any lemmy instance and start posting. How much more "normie-NPC-friendly" can this be? At some level we do well by filtering out actual retards.

> but DOES harm Monero's reach, which is simply a negative to the project.
Monero's main reach is on twitter. Nobody cares about leddit.

>> No.55267909

The people on Monero's reddit do not care about the API changes. They are piggybacking off the current momentum surrounding that to build up a more censorship resistant community elsewhere. Far less controversial reddit communities have received bans without warning, and it is wise to prepare for it.

As for your comments about "Monero's reach," they are frankly irrelevant. Monero as a project is incredibly well known among the people that will use it, and a subreddit being up or down won't impact the project that much. It is nice to have a place to talk about new developments and preach to the choir, but if that can be taken away at any time to appease shareholders, then we can't count on it one way or another. It's no big loss, and I'm a huge fedifag anyway, so I'm happy that things are moving in that direction.

>> No.55267984

There's a lot of discussion about federation, and its uses, so here's an interesting article about the topic. It goes into hypothetical confederal protocols, a kind of halfway point between p2p and federation with the strengths of both.

>> No.55268172

Pretty sure this is an ebin sitewide protest (the kind of cringy shit reddit faggots love) that will fizzle out like every other stand they take

>> No.55268820


>> No.55269014
File: 143 KB, 793x794, 1502215729530.jpg [View same] [iqdb] [saucenao] [google]

>will never thrive compared to other options in the market.

lol what other options? And how permissionless are they?

BTW, the black market has been thriving for the past 6000 years or so.

>> No.55269043
File: 1.38 MB, 4032x3024, Fq3TnvEXsAMQP2q.jpg [View same] [iqdb] [saucenao] [google]


Host that shit on I2P and we're really cookin

>> No.55269788

I hate redditors so much it's unreal

>> No.55269896
File: 27 KB, 500x490, 1664821142943231.jpg [View same] [iqdb] [saucenao] [google]

me too btw the narwhal bacons at midnight

>> No.55270348

>The goal should be to arrange your life in such a way to be able to conduct all of your transactions in Monero
Sounds nice in theory, but I refuse to spend my bags Monero's liquidity sucks dick and its a major PIA to get any in the first place.
So it just sits.

>> No.55270606
File: 173 KB, 1059x873, CypherMarket.png [View same] [iqdb] [saucenao] [google]

lol the continuing abandonment of Bitcoin is really starting to speed up now: Cypher Market, one of the oldest DNMs around has announced they've finally decided to shitcan BTC and jump on the Monero-only bandwagon effective immediately.

I think this puts us at over 20 Monero-only DNMs now. For comparison, this time last year there were just 6.

Bitcoin is so fucked, its just a matter of how long it takes for a critical mass of bagholders to realize there's virtually no sustainable economic activity propping up the price.

>> No.55270958

Each seed can refer to multiple wallets, by default only the offset "0" is used which any wallet will check automatically. Put a comparatively small but plausible amount of monero here.

Then use the same seed with a random offset for your true savings wallet. Because of the high sync times brute forcing all offsets is not readable. (not sure what the maximum offset is, but even if you need only 5min per seed, you can only brute force 300 wallets/day)

Now the best part: set up a node with a view key for offset 0. Any attacker would withdraw the money from there first, giving you an early warning that you got compromised.

>> No.55271298

I am. Probably a horrible idea, but I am regardless.

>> No.55272366

Why the fuck would anons visit monero meetups?
It is like going to a Dark Horse pub to grab a beer or something!
Monero is anonymous, you should be too.
No XMRchan pussy for you inperson-meetup-goers.

>> No.55272384

Flat chested wownerochan looks like a tranny.. get the fuck out of my thread and let big booba wownerochan be herself

>> No.55272522

Diversify. $500 in metals, $500 in security, $500 in xmr, as an example. If $1500 worth of fiat is really that important to you right now, the best thing to do is to have it in cash. Don't put yourself at risk of the poor house because you aren't thinking rationally because of all the tales you read online. Having the peace of mind that comes with being ahead on bills or reaching short term capital goals is worth exponentially more than the fomo making you a nervous wreck because you're so illiquid that you're back to living between paydays. You're gonna make, but only if you value yourself.

Big disagree, monero is the silver of crypto. The smaller the pool, the bigger the fish we all become. I like being one of the only people I know who's stacking, especially since even when you tell them what's happening, they don't care.

>> No.55272596
File: 259 KB, 2048x1548, 5143d0e4dac4a3304ef893aaf938f4f3.jpg [View same] [iqdb] [saucenao] [google]

What's the monero make it stack?

>> No.55272604
File: 910 KB, 957x695, Queen Harlot.png [View same] [iqdb] [saucenao] [google]

1 Monero.

>> No.55273236

excluding stablecoins, we're #18 by market cap now

>> No.55273447
File: 840 KB, 544x960, 1657000042835.webm [View same] [iqdb] [saucenao] [google]

>we're #18 by market cap now

Nice but inherently meaningless.

>> No.55274007

What XMR-related hobby/pet project could I create as a backend software developer?

>> No.55274028

help monero market develop a dark web mirror.

>> No.55274052

I sold my XMR which I bought for 150 in 2018. Never again unless I'm using it.

>> No.55274124

how does america buy monero properly

>> No.55274142

>bought in 2018
>Didn't sell in 2021
You deserve it, moonfag
lm cash by mail

>> No.55274470

they moved to

poorfag here, where do i register to another server, i don't want to pay the fee.

>> No.55274506
File: 334 KB, 1100x1100, jilliondollars.png [View same] [iqdb] [saucenao] [google]

Hello. The server is now in Lithuania. I still don't want to get raided by the feds because someone calling for the death of all (anything but straight white men).

it's an awesome way to anonymously verify someone is a real community member instead of a bot and can even help with covering the hosting bills!

the fee isnt to fleece people for money, put some codeword into the registration application and after you applied post it here.

>> No.55274529
File: 23 KB, 400x400, 1655611249265710.jpg [View same] [iqdb] [saucenao] [google]

GM what is the make-it stack, sirs (not necessarily restricted to the meme-answer)?

>> No.55274546
File: 158 KB, 871x792, 1680686676069013.jpg [View same] [iqdb] [saucenao] [google]

>breasts too large

>> No.55274641
File: 74 KB, 591x1280, IMG_5561.jpg [View same] [iqdb] [saucenao] [google]

so is this retard (u.s. government) finally running out of money?

>> No.55274676
File: 71 KB, 1280x720, 1669366238776606.jpg [View same] [iqdb] [saucenao] [google]

codeword is 'wagmi'

>> No.55274696

>It is like going to a Dark Horse pub to grab a beer or something!
whats a dark horse pub

>> No.55274707
File: 4 KB, 249x249, 6543645334.jpg [View same] [iqdb] [saucenao] [google]

shit i don't even want to know.

>> No.55274731

Welcome to the town :)

Im going to sleep now so if anyone registers, I'll approve accounts again in a couple of hours

>> No.55274822

great, i no longer wanted to set foot in reddit ever again

>> No.55275548

Where book club?

>> No.55275693
File: 34 KB, 600x524, 230114_908223010.jpg [View same] [iqdb] [saucenao] [google]

>Anon makes it until the day the coca cola or nestle private operators kill him in his sleep so they can steal his water

This is what you get for bad opsec from revealing your mining location to be archived on their cloud database. I hope you post this on a VPN behind many proxies.

>> No.55275816
File: 137 KB, 1024x762, Fu3gMifX0AER2Gw.jpg [View same] [iqdb] [saucenao] [google]

Lets see 140 hold and back to 150 and a steady accumuating phase again. Coordinated dump resistance appears to be at 125. Next time bitcoin dumps for Jewish market maker coordinated reasons possible retest there. Would love to see the BTC correlation continue to slowly decrease, and eventually a great decoupling.

>> No.55276372


Yeah, hook us up!

>> No.55277287
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>> No.55277702

No current reading right?

>> No.55277745

This property sold

I have other tricks up my sleeve

>> No.55278301

Bump for "Seraphis Fixes This"

>> No.55278427

I2P copypasta pls

>> No.55279926
File: 200 KB, 925x616, I2Pd.png [View same] [iqdb] [saucenao] [google]


Threadly reminder that there is now a parallel XMR General on the darknet imageboard BitChan where you can post with the absolute maximum degree of privacy possible.

Why bother? Well, remember that every time you post on 4chan the content + your IP address are being logged and that data can and will be made available to LE/glowies upon request.

So if you need to ask a very delicate question, want to make a potentially incriminating announcement or you otherwise just absolutely positively DO NOT WANT to risk being deanonymized, the BitChan thread would be the place to do it.

The slightly higher barrier to entry also serves as a badly needed retard filter so a lot of us post there simply to avoid the hordes of mouth breathers that befoul this otherwise delightful basket weaving forum.

>How do I access BitChan?

You need to have I2P configured & running on your device. Fortunately, pre-configured browser bundles are now available and make everything easy. Since most of you lazy faggots are still using Windows we'll default to that for the following guide:

1. Visit https://i2pd.website/ and click on 'Download I2PdBrowser'.
2. Download either the I2PdBrowserPortable_xxx.7z or .exe file. Extract/install it.
3. Run the StartI2PdBrowser.bat batch file to launch. Adjust firewall settings/port forward as required. Port forwarding > UPnP

A cmd window will pop up and initialize the process. A windowed Firefox instance should soon appear. DO NOT RESIZE IT! Browser fingerprinting is a thing. Once pic-related appears you are officially browsing the darknet! You can monitor yr I2P service by visiting in yr *regular* browser.

Then simply copy/paste the following link into the address bar as per usual:


You may have to complete a CAPTCHA on your first visit. Also, NEVER, EVER ENABLE JAVASCRIPT!!!!

Keep in mind that page loading takes longer on the darknet.

>> No.55280165
File: 216 KB, 767x900, afghalkgj.png [View same] [iqdb] [saucenao] [google]

>> No.55280201
File: 21 KB, 316x316, e1.jpg [View same] [iqdb] [saucenao] [google]

hahahahah........170gb lol
Imagine swiping left or right on a dating app (Tinder) to find your perfect match. Well, DYOR.Exchange brings that captivating swiping experience to the exhilarating world of #DeFi and Web3 investing. Get ready to navigate the crypto landscape like never before!

>> No.55281170

Not at this time. Next one coming up.

>> No.55281192

I always punch my seeds into old baking sheets I cut up, don't trust digital backups.

>> No.55281238
File: 120 KB, 1280x720, 1689763789654.jpg [View same] [iqdb] [saucenao] [google]

>don't trust digital backups.

You can clone a Tails installation over multiple USB drives, the odds of them ALL failing at the same time are astronomical.

>> No.55281389

Or I can just have multiple copies of a chunk of metal distributed across various safes. If I suddenly croak, my wife isn't going to understand tails enough to not fuck it up, even if I make her a step-by-step tutorial.

>> No.55281624

Use KuCoin

>> No.55281653

The probability of your house burning down is not astronomical. Device MTBF does not account for external factors

>> No.55281842
File: 69 KB, 300x250, monerocel.png [View same] [iqdb] [saucenao] [google]

kraken, dex's, swap sites, swap aggregators (trocador).

>> No.55282289
File: 133 KB, 693x1024, v0bmu4np29w81.jpg [View same] [iqdb] [saucenao] [google]

>If I suddenly croak, my wife isn't going to understand tails enough to not fuck it up, even if I make her a step-by-step tutorial.

At least with Tails she'd have a SECURE pre-configured wallet ready to go, with just a seed she'd need to SECURELY recreate the wallet from scratch, the odds of her fucking that up are even higher.

The seed should be used as a last resort if all else has failed.

>> No.55282328
File: 154 KB, 1170x1354, FMNJD5DWYAQJNp2.jpg [View same] [iqdb] [saucenao] [google]

>The probability of your house burning down is not astronomical. Device MTBF does not account for external factors

Well obviously you wouldn't keep all the drives in one location. Hand em out to trusted family and friends for safekeeping.

>> No.55283342

My op sec plan is probably to bury a paper seed in multiple properties that I own of course that no one would look

Secured within stainless steel and plastic, something like that, like a time capsule

Or behind a floorboard or something

>> No.55283390

Memorize your wallet password and I don't see the flaw with this

Basically the state would have to seize your property and do a large scale excavation to find it

Also let's say you do 3 separate wallets 1 hidden at each location

Even if 1 of them falls into someone's hands you've only lost 1/3

>> No.55283490

Basically the way I see it, you can be imprisoned, have all your properties stolen by the state, houses demolished etc

But if you can get back to the location with a shovel and night vision you still haven't lost it

>> No.55284176

>posting your opsec plan on a honeypot used by every intelligence and law enforcement agency on the planet
enjoy watching your properties get paved over

>> No.55284206

Hear me out
If crypto, lets say monero, make it to the big leagues and gains an important level of adoption from the masses then a crypto bank will be necessary
>inb4 nice try fbi
I'm not talking about any bank that currently exists, a new form of institution would have to be born. it goes down like this:
>client go to bank to open account
>bank does complete KYC
>client transfer crypto to bank wallet
>bank is now 100% responsible for the crypto in the clients account. they CAN'T use your crypto, they can only store it
>bank hands over a view key so client can check at all times the real balance of the wallet
>client uses app to transfer crypto from their bank account to personal wallet or to pay for stuff -- max withdraw amounts are set by the client and can only be changed with the client going in person to the bank. example, you can set a maximum amount of 5 xmr to be withdrew per week so in case someone steals your bank app credentials they would only be able to do so much damage
>bank system must be robust - air gaped wallets that communicate with the client app though a system of qr codes to sign transactions or some highly paranoid system along with proper backup system
>bank must have top notch physical security, probably war-level weaponry, and computers (without network capabilities) holding seeds should be in underground facilities
>bank charges their client certain amount monthly for this service
>client can go in person at any time and withdraw all of their crypto
>client can create a list of trusted people. these people would be able to withdraw the crypto as well
>contract will be signed in which these point are clearly stated and in case of contract infringement by the bank then you can unleash a legal wrath on them

>> No.55284221

>all the big fuck ups are in the bank side now, and so the bank must repay their client in case of crypto gone
>no need to spread sheets of metal in all of you relatives houses and explain your tech illiterate family what to do in case you die and hope nothing would go wrong. just like current bank accounts, the family would be the legal owner of the crypto in case of death
>normies would be able to use crypto without getting scammed too hard or shooting themselves in the feet
>in case of lose of credentials you just need to provide ID so you can regain access to your crypto

>requires limited state power, clear and strong property rights in the constitution. a state with too much power or too corrupt would be able to grab the crypto regardless
>you can be taxed
>bank and therefore government will know that you own that crypto
>not your keys, not your crypto. this is only true to certain degree which is proportional to the institutional strength of the country. the more strong the private property rights the more "yours" become the crypto stored in the bank

if i would have a life changing amount in crypto i would seriously consider using a system like this to save at least 50% of my bags.

>> No.55284392

fedniggers will be so disorganized and distracted by infighting they won't have the time or resources to track me down on my remote estate

>> No.55284394
File: 562 KB, 1200x1600, 168964347075.jpg [View same] [iqdb] [saucenao] [google]

>make it to the big leagues and gains an important level of adoption from the masses then a crypto bank will be necessary

If big leagues = white markets then no. Only black markets are permissionless.

>> No.55284436

would you put your gold in a bank vault

personally, I don't trust banks, over a long enough timescale monero becomes the world reserve currency and there is no competitor currently to the throne, institutions can't be trusted

>> No.55284591

by big leagues i mean only wide adoption, i'm not pointing at any type of market.
if a country doesn't ban crypto and people find it more convenient than other currencies then that crypto might become widely adopted

i know where you are coming from, i understand. but in the cons i clearly stated that the country must have strong private property rights.
tell me friend, do you use a bank or have you ever used one in your life? i for one have to use a bank and i hate it, but its a tradeoff. i don't want to have a mountain of cash in my house.
people have used bank for centuries and the bigger problem we face when it comes to using bank is that they run out of liquidity. with the proposed system, they wouldn't be able to run out of liquidity.
gold have been seized from banks through history but its something that can be seen from the distance. if you see the political system is becoming corrupt then act before they do. getting crypto out of the bank should be easier than getting gold out.

>> No.55284808

banking was a thing for the wealthy in the past

currently banks function as a societal extortionist force

I can really only see the wealthy opting to use an xmr bank

in the future I believe many of the systems and "trust" built into the digital surveillance fiat structure will be a thing of the past

that's why I like the term, neo feudalist, or corporatism

rule of law will necessarily erode, we will live in a corporatist state, where trust will be low, vast swaths of land will most likely be abandoned

kind of like a technological pioneer age, a transitionary period from the old fiat system to a more loosely "policed" unless of course you're on corporate territory

the total collapse of fiat is on the horizon, self reliance will be important, xmr will be for the "luxuries" of life

being from america to me it lines up with the wild west, but also the pioneer settlement of any state, local justice and a more loose form of law

>> No.55284850


My bags. Should buy more.

>> No.55285808
File: 698 KB, 1220x707, ring-signatures-explained.webm [View same] [iqdb] [saucenao] [google]

should we use tools like monero to survive the abuse of the state or should we go to the 'streets' and challenge the system so we don't have to hide like rats?
after all the state is a form of organization created by the citizens that has to have in mind the interest of its people when acting, if it derails from that then it is our duty to set it straight.
if everyday on your way home some asshole punch in the guts and take away your money what do you do?
-you pick another road and hide your money in the hopes he doesn't find you again
-you fight the bastard and teach him a lesson
it seems obvious to me which one is the ideal

>> No.55285992

They're not mutually exclusive. Even in your hypothetical scenario you'd be retarded if you brought your money with you to fight the guy

>> No.55285997

a little of column a a little of column b

>> No.55286068

Does anyone else keep thinking about the metadata or the third-party risk kind of ruining moneros potential?
Like look at what makes XMR good: It's that the privacy status is the default. For the average user, there's no dumb way to spend it or receive it. A tech illiterate friend of yours could send you xmr to repay a dinner check and he can't deliberately or through his incompetence fuck with your privacy.
But that doesn't stop him from having an iphone with his reminder app set to cloud upload with a note in it that says "PAY ANON X.X XMR FOR DINNER". In the case of businesses, whether you're legit, tax-evading or selling le weed on the dark webz it's the same. Your transactions are private, great. But whats stopping Dorothy from tallying up payroll in an excelsheet on her windows 10 machine? You think Josexxxdrugz4u on darknetmarket.garlic has an IT department that makes sure personal info gets deleted after receipt of payment?

>> No.55286492

If you're playing the long game, then no to the latter. If you have no institutional power, you should hide like a rat as long as possible, make no action against the powers that be, and do nothing to attract their attention.
Take the Amish, Mennonites, or Hutterites for example. They go so far as to be pacifists, absolutely no one sees them as a threat, but have spent hundreds of years in North America accumulating land, wealth, and growing their population from hundreds to millions. In the long run, despite being pacifists, they are much more likely to inherit the earth than we are.

>> No.55286511

Basically, the longer you can go without drawing attention, the longer you have to accumulate resources, power, and influence to the point that you are an actual threat. Any overt action taken before then would just get you squashed down.

>> No.55286575

Retards gonna tard regardless, but xmr at least ensures they can’t leak too much information. With your examples, even if they have a wallet address written somewhere the only thing an outside observer can see is that you’re associated with that wallet. Even the taxman can’t prove that any transfer actually occurred. Overall it’s a net gain, and way better than the panopticon that is dollar finance

>> No.55286581

Also infiltration and subversion (e.g. leftoids and the long march through the institutions) requires stealth if you want to seize the levers of power.

>> No.55287582
File: 1.26 MB, 1256x1628, xps5pwu8q6s71.png [View same] [iqdb] [saucenao] [google]

>> No.55287814

Lol at pirate chain being spammed. I wonder if it's the same script ZCash guy made.

>> No.55287844

these are the most comfy general threads
t. I hold unknown amount of xmr

>> No.55288964
File: 615 KB, 900x854, beernerochan.png [View same] [iqdb] [saucenao] [google]

>> No.55289229

What is the best contender for decentralized social media that will become popular among normies

>> No.55289260
File: 64 KB, 285x276, 1383949130315.png [View same] [iqdb] [saucenao] [google]

Lost my stack

>> No.55289419

i wouldn't store them digitally but if i had to choose then encrypted plaintext using pgp. also, exodus is the best mobile wallet which you should recommend to everyone who just started investing in crypto because it's retard friendly.

>> No.55289606

Is wownero not on tradingview?

>> No.55289820

Take me down to the Monero City
Where the govts are weak and
The liberties plenty



>> No.55290468

>what is the best way to store your seed online?
There is no best way to store your seed online as this can expose it to hacking, you can just create a multiple copies on a piece of paper, and store them in safe places, this is what I'm doing with my sylo wallet
and kinda update my passwords and two-factor authentication on a regular basis.

>> No.55290528
File: 98 KB, 426x341, 64532643532453.jpg [View same] [iqdb] [saucenao] [google]

US cash-by-mail trader on localmonero arrested by the feds

>> No.55291018


>> No.55291126

I wouldn't recommend exodus. Look what happened with atomic wallet

>> No.55291422

It depends on individual dude, personally i look out for wallets that offer additional features, like staking or trading, with an end to end encryption.

>> No.55291443

>wouldn't recommend exodus
Why thou?

>> No.55291544
File: 7 KB, 226x250, 1683347960634632s.jpg [View same] [iqdb] [saucenao] [google]

Exodus offers a number of features that make it a versatile wallet for storing
>A built-in exchange that allows you to swap between different tokens
>Integrated with dApps
>Staking options
Just wondering why a retard will come out from no where to condemn it

>> No.55291593

Just a reminder, if you hold Monero you are doomed

>> No.55291617


>> No.55291624

functions a wallet might have, like builtin exchange, are in a lower order of importance when it comes to crypto.
first thing and most important is security, if wallet is not open source and custodial then that's a big nono for me. of course it might work for some people willing to take the risk in exchange for the advantages.

>> No.55291721

>Exodus offers a number of features that make it a versatile wallet for storing
>>A built-in exchange that allows you to swap between different tokens
>>Integrated with dApps
>>Staking options
Yeah, we no exodus is great and all that, bur if you delve a little more, you'll find this feature in Trustwallet, metamask, sylo wallet, zengo, and I could go on.
One need to dive deeper before handing his asset on them

>> No.55292041

So it is all speculation at this point, but what is illegal about selling something for cash online? Maybe they don't have anything and just want to punish the guy by putting him through the legal system in the first place. The only thing I can think of is some kind of tax evasion/money laundering. I'd also be surprised if this guy was having people mail it to his actual home, getting a virtual address is pretty easy, though if there's a warrant you can get sold out.

>Sounds nice in theory
It definitely is easier said than done, but that's my goal.
>I refuse to spend my bags
So why do you have it? Just for fiat number to go up?
>Monero's liquidity sucks dick
Not sure how true this is since I have not and will not sell for fiat.
>its a major PIA to get any in the first place.
Not really, depends on how private you want that onboarding to be. Just sending fiat to some rando via Venmo is still way better than getting it from an exchange.

>> No.55292168
File: 687 KB, 4096x3072, monero.png [View same] [iqdb] [saucenao] [google]

As i said, look what happened with Atomic Wallet.

The fact that exodus is closed source is already a reason not to use it. We cant know how they handle the private keys

And support so many coins is a pretty big red flag for me too.

>> No.55292252

>And support so many coins is a pretty big red flag for me too.
Wait, I agree with the other stuff you said but why is supporting multiple coins a red flag? Is that why cake wallet made a separate app for just monero?

>> No.55292457

>Wait, I agree with the other stuff you said but why is supporting multiple coins a red flag?
More support for more coins = wider attack surface.

>Is that why cake wallet made a separate app for just monero?
Possibly but I think they just like showing off their monero.com domain at any given opportunity

>> No.55292461

Fediverse/ActivityPub is already pretty popular, widely interoperable with many platforms, though the protocol is kind of kludgey/complex. Nostr is well designed and doesn't lead to as much tribalism, but has less audience and some admins look like they want to janny. Blue sky is lol.

>> No.55292983

You make me feel like I'm the only fed in the world

>> No.55293039
File: 68 KB, 2560x1707, lebxmr.png [View same] [iqdb] [saucenao] [google]

based XMR chads doing God's work

>> No.55293167

needs to be updated, cake wallet no longer supports fiat to xmr.

>> No.55293296

the only real drawback is that it's close source. other than that it offers you all the features that you'd expect out of a crypto wallet - self custody of private keys and ability to transfer funds. note that you have to use desktop exodus wallet in order to export private keys of currencies monero included.
eh, i wouldn't store a lot of crypto on it but it's a great analogue to a physical wallet - keep as much crypto on it as you'd expect to spend. it's just really convenient and a good choice for normalfags who won't buy more than 100$ worth of crypto anyway just to test the waters of self custody which is the point of crypto.

>> No.55293314

I'm just saying whether we're talking (((activists))) or feds or even criminals - they will want your data. and what better way to attack that data at its end points rather than spend effort trying to break the encryption?

>> No.55294032
File: 52 KB, 670x960, 1639874354035.jpg [View same] [iqdb] [saucenao] [google]

Are we going back to $100?

>> No.55294208

>what better way to attack that data at its end points
Well yes, but that is much more difficult than if you're broadcasting that data to anyone who will listen. There's no way to ensure all data related to you will stay purely with those it is intended to be shared with. Faulty opsec and is typically how people get caught, but that's only because routes that are easier for your enemies are kneecapped by tools we can use. It is a good thing that they are playing whack-a-mole rather than trying to break the system.

>> No.55294353

she needs a father figure

I predicted 80 dollars and a full market crash last thread

>> No.55294386

Looks like fud to me. What retard playing big man would do it stark naked on clearnet like that? Real name as ID? Unencrypted comms? No burner address? Not obfuscating mailing address? 5 figure shipments? More likely he was robbed than pinched, if this fishy ass story has any merit. You'd think he'd give returning clients an alternate form of comms to prevent this exact thing, but I can't believe that any monero aficionado can be that retarded when it comes to opsec.

>> No.55294626


>> No.55294823
File: 27 KB, 400x400, -_sjwkFZ_400x400.jpg [View same] [iqdb] [saucenao] [google]

Sorry Anon but I don't feel bullish on xmr

>> No.55294914

Can someone write a script of this for the lulz?
I'll tip some Xmr for the hell of it.

>> No.55295174

>Gets arraigned on 5/31
>Still working through the 12th?
>No bail, but the money keeps flowing
>Using real name
>shit opsec
>Not a jew
>Working the most kiked up region in the country
So I'm right, this is fud against the cause, and a lesson for those in it: OPSEC OPSEC OPSEC!

>> No.55295368

Something something clown market

>> No.55295405

gb2shitcoin, moonfag.
My friend, its good to know that you still live!

>> No.55295888

> Represented by Robert Marshal /Pol/lack

>> No.55296608
File: 994 KB, 980x980, 1680051531006436.jpg [View same] [iqdb] [saucenao] [google]

>why does jannie hate uncle ted so much?

He was considering becoming a tranny but backed out. Jannies hate traitors

>> No.55296882
File: 2.25 MB, 1377x877, 1685386157594781.png [View same] [iqdb] [saucenao] [google]

Bitcoin is a fully decentralised web of nano sharks conjuring the old gods of smartness, hovering in the never-ending stream of independence, continously accelerating without pause through a cyber chain of unlimited power.

>> No.55297034

A country can go from having strong "private property rights" to "no property rights" with a single revolution.

>> No.55297462

can soemone explain why doesnt ethereum or bitcoin just copy the security code in monero and make their coins private?

>> No.55297510
File: 704 KB, 1014x1009, 1694587650532.jpg [View same] [iqdb] [saucenao] [google]


Because you can't just bolt privacy on like that, it has to be designed and built from the ground up.

>> No.55297587

my fear about stacking too much monero is that one day people will realize they want the privacy and all the regular top normie coins will get protocol updates to copy monero because monero has no patents or legal protection on proprietary technology and its open source

>> No.55297905

Etherium is possed centralized garbage its retail that gives power to crypto and institutions can stay in that pos garbage but people will move on

If bitcoin adopted moneros tech it would be a net win considering i think monero is probably competing with zk rollups thought i don't have the expertise to defend that but ideally etherium kills itself and if bitcoin adopts some form of privacy its a net win

>> No.55297920

pointless when monero exists

>> No.55297938

even if bitcoin "adopted privacy", that still wouldn't fix the mining and supply problem

>> No.55297965

The incentives just don't really work like that, honestly unfortunately. See, you should WANT this to happen. Monero is a tool to a goal. Putting your money into XMR is a bet on ubiquitous monetary privacy. If something else also accomplishes that and does it better overall, we should be happy to adapt to the situation. That could mean incorporating similar technologies, or jumping ship entirely.
The much more likely outcome is that opportunistic people who mostly just want to get rich quick, partner with the government to entrench their own position. Think someone like SBF. This involves concessions to the government in that they will not be any kind of threat to their power. It seems that state officials are happy with "digital assets" being more or less meaningless gambling tokens, as long as they get their cut. Call them all securities, operate in a way they can audit without any kind of reasonable suspicion or warrant, so they know for sure you're paying your taxes on this. Technology that allows you to operate outside of their control is a threat to them.
They pacify the revolutionary aspect of the technology by taking the heads of corporations into the fold, and these people are happy to do it because it means they can solidify their position and continue to gain wealth. They sell it to the public through media gatekeepers and suppress opposing views wherever possible. They keep people ignorant through lies by omission, outright misrepresentation, burying the lede, etc. So far it seems they intend to mostly ignore it as long as possible.

>> No.55298000

But i mean the nodes are the ones that decide and ordinals proved if enough people are retarded to use on-chain transactions it can become economically viable to only rely on fees like satoshi wanted

>> No.55298008

I did fiat to bitshit to xmr a few weeks ago

did it used to be just fiat to xmr

that would be better

>> No.55298022

no, it really can't, and time will show that you're horribly wrong

>> No.55298238

if i send my xmr to another wallet and back to the same one, can i just use the current date for restore height?

>> No.55298532

Yes, you can effectively reset your restore height by doing that. You can just send it to your own address, no second wallet needed.

>> No.55298727
File: 83 KB, 720x1120, 1680139766045745.jpg [View same] [iqdb] [saucenao] [google]

have you seen the BTC mailing list. KEK those fucks will never ever agree to such a change. Privacy is no concern to them. One thing that had a privacy element was stripped out and made into a "fee reducer" "transaction size reducer" and took I shit you not 5 years to deliver. With this BTC enhancement, instead of 5x fees they are only 1x so still 50$. Bitcoin is utter corporate Jew garbage guys, very sad.

>> No.55298736

not really dumbass. people who hold millions of $ worth of BTC are not just going to take a loss and migrate to monero. there will always be manipulation from the people who have the assets.

>> No.55298764

they'll take the loss whether they like it or not as bitcoin is a failing currency

>> No.55298860

i hope youre right it would make XMR the opportunity of a lifetime. XMR is basically what bitcoin said it was going to be. every normie i talk about cryptocurrency with unrioncaily thinks BTC is untraceable and thats why the government hates it

>> No.55298867

sometimes i wonder if XMR right now is BTC in 2014. ~$200 per coin and nobody understands its value yet

>> No.55298882


>> No.55299344
File: 1.37 MB, 896x1344, 1679508844656139.png [View same] [iqdb] [saucenao] [google]

Picrel is better

>> No.55299896

just use it
I don't care about pump

>> No.55300053

nice hashrate
I used to get in the 60s but my work situation might change so I took my biggest rig home
still I mined over 11XMR with company power so that feels like winning

>> No.55300107

I noticed that stack, you're a genius to think of it. I bet you're either using ddr3 and/or laptops now, but I started making less than you, keep it up!

>> No.55300119
File: 390 KB, 1000x818, 1681958592483416.jpg [View same] [iqdb] [saucenao] [google]

My portfolio :

>$200 monero
>13k silver 7k Gold
>30k oil, uranium, and royalty companies
>10k in commercial office REITs and dividend companies.

It is the perfect time for me to accumulate Monero. In the short term the regulatory fuckery will likely cause Monero to drop below 100 dollars but in the end, the tech's usefulness (private, cocaine backed, cartel secured) will win in the end.

>> No.55300122

bonus blocks

>> No.55300327
File: 712 KB, 1920x899, 16948593858213.jpg [View same] [iqdb] [saucenao] [google]

>but in the end, the tech's usefulness (private, cocaine backed, cartel secured) will win in the end.

This. Always bet on Big Cocaine.

>> No.55300663

monero sucks

>> No.55300780

unless you have 1 years worth of food and water, 20,000 rds of 5.56 and 12 AR-15s you have no business wasting money accumulating anything else

>> No.55301110

Where can i see that, if the fuckers don't care or don't have some plans then bitcoin is fucked i just care xmr becomes more mainstream and maybe even get smart contracts (i don't know if we currently havw something like a communication network thats similar to zaps) or for bitcoin to eventually get privacy those are the only 2 horses that matter

>> No.55301987

I thought

>12 ars that's stupid

But then I remembered every member of your family must be proficient with a rifle

Also spare parts

I like

It's hard to deny the speculative upside of monero though just saying

It is the future reserve currency of earth

>> No.55301994

Holy based

>> No.55302001

It 100 percent is

We're what bitcoin got away with emulating and pretending to be

>> No.55302167
File: 2.19 MB, 1280x720, blm behaves.webm [View same] [iqdb] [saucenao] [google]

i just said 12 because they are so cheap right now and you want spares as you noted, and being by yourself in a SHTF scenario where there is no rule of law and angry mobs of peasants roaming the countryside for food is not a good place to be. you will want your family to help with security and there will inevitiably be friends or neighbors that you will need to arm because they were too retarded to think of it beforehand. what do you think people are going to be like in a year when gas is $20/gallon and food has 100xd?

>> No.55302458
File: 620 KB, 949x1152, 1685813604292851.png [View same] [iqdb] [saucenao] [google]

Realistically speaking, how much is it to mine Monero and is it worth the extra cost of electricity? I'm considering mining because I'm a poorfag and need something to keep me afloat but I don't want to mine at a loss.

>> No.55302477
File: 697 KB, 598x574, 1683891758733387.gif [View same] [iqdb] [saucenao] [google]

Didn't read.

>> No.55302502
File: 52 KB, 640x673, zWPksu7WhxpaR4tDC1Vo2FGdNUfn3gL_CrGOgv4aLbPRKVaN7mqw6t7DV2kvEgKCDsYZuN033zpZJpYtrp_xhkOBXxz-TcYVxUfkjbA.png [View same] [iqdb] [saucenao] [google]

>Mfw only 900 rds of 556 and 1 AR

>> No.55303105

>months of uptime rekt by a power outage because I am too cheap to buy a UPS (in my defense it's like $600 for the one I need)

>> No.55303164
File: 35 KB, 440x104, file.png [View same] [iqdb] [saucenao] [google]

You jelly /xmrg/?

>> No.55303247

what is your hardware and what is your electricity rate?

>> No.55303691

I've been mining for a few years
Your electricity needs to be almost free in order to make any money mining
I mine at work because our electricity is included in the lease (it's free)

>> No.55304565
File: 448 KB, 1590x1462, 165278282826356979.jpg [View same] [iqdb] [saucenao] [google]

>Research project on the EAE Attack and Churning is now fully funded!

Funded Goal: 220 XMR (86 XMR contributed from MAGIC Monero Fund general fund)


>> No.55305136
File: 380 KB, 1080x1297, 1683922340842742.png [View same] [iqdb] [saucenao] [google]


>> No.55305455

Im not the smartest when it comes to cryptography. Is this just a study of how much damage certain attack can do?

>> No.55305510

People have been saying for the past 5 years...yeah... any day now...
>inb4 moonfag

>> No.55305898
File: 52 KB, 482x286, 38640F70-CD45-439E-8F21-27B26B48A45D.jpg [View same] [iqdb] [saucenao] [google]

The great decoupling is upon us. One of our smart jewcoin followers is jumping ship to monero ahead of schedule, enriching himself at the expense of his fellow jewcoin whales. His holding the line at 133 instead of letting us goyim buy the cheap monero. It is happening

>> No.55305926

It’s a colluded entity attack. It’s gonna cost some money to even create test conditions. Like buying a bunch of hash power type shit and seeing if you can gather info on transactions happening. Ultimately fruitless as there is no issue imo but good to be ahead and glad to see it’s picked up some funding momentum

>> No.55306079

no an EAE attack concerns poisoned outputs being given to a person in the middle, who then sends those poisoned outputs to the colluding exchange/entity.

>> No.55306291
File: 3.84 MB, 2274x1687, 51uhk7.png [View same] [iqdb] [saucenao] [google]

>> No.55306825


>> No.55307328

What do I do if a service only accepts BTC?
Do you have any preferred hardware wallets? Which ones are they and why.

>> No.55307380
File: 60 KB, 1280x720, 1682050541122534.jpg [View same] [iqdb] [saucenao] [google]

>Printed the Monero whitepaper to read it at leasure
>Monero isn't on the title of the paper
>The word "Monero isn't even written once in the whole document"

>> No.55307436

Satoshi Nakamoto didn't have a time machine when he wrote the original Monero whitepaper in 2008.

>> No.55307568

Find another service that cares about privacy. Otherwise, create a new wallet, transfer XMR to it, atomic swap for BTC, use it, and never touch that wallet again

>> No.55307745
File: 44 KB, 1200x675, 1689074239064.jpg [View same] [iqdb] [saucenao] [google]


Bytecoin launched before Monero did, genius.

>> No.55307870

Thank you. Does the official wallet support such swaps?

>> No.55307894

NEW THREAD: >>55307892
>NEW THREAD: >>55307892
NEW THREAD: >>55307892
>NEW THREAD: >>55307892
NEW THREAD: >>55307892
>NEW THREAD: >>55307892

>> No.55308231


Look at yourself

>> No.55308605

what if your AR breaks bro? extractors can fail, bolts can fail. you cant rely on just 1. sure you can keep spare parts and repair it, but thats what you do in your downtime. you need a backup that can be pressed into duty immediatley if something happens

>> No.55308637

whats your average cost? im jelly. i wish i got in at $30 when i first found out about it. im glad i didnt buy at $500 though. slowly stacking away 1 per month as a NEET with uber delivery money now

>> No.55309842

use the pay option on trocador.app which is on tor if you need it. simple to pay for anything with xmr