Why isn't Monero (XMR) more popular?

[Anonymous No.55354762]

Monero (currently at $142) literally solves all major problems of Bitcoin and has basically reached perfection.

* non-transparent blockchain obfuscates transaction details like sender / receiver / amount
* dynamic block size -> low fees
* resistent to ASICs and GPUs through RandomX
* Tail Emission (approaching constant 0.6 XMR block reward) incentivizes mining, while inflation goes to zero
* decentralized pool mining through P2Pool sidechain
* most DNMs (e.g. Archetyp) are now XMR only
* great UX/UI, 60GB pruned blockchain and remote/bootstrap-nodes

[Anonymous No.55354854]

Because the only people who care about trading their digital Chuck E Cheese tokens for prepaid cards are drug dealers and people living under third-world dictatorships.

[Anonymous No.55354866]

Same reason Linux isn't more popular. The goyim do not care

[Anonymous No.55354924]

>>55354762
because you cant buy it on coinbase

[Anonymous No.55354962]

>>55354762
because people (NPCs) still fail to see XMR is bitcoins true endgame. Give it a couple more years

[Anonymous No.55355151]

>>55354924
>KYC:
Kraken
Binance
Bitfinex

>non-KYC:
LocalMonero
AgoraDesk
Bisq
see: http://kycnot.me

[Anonymous No.55355240]

>>55354762
crypto normies are either ignorant or too comfortable to look into protecting their financial privacy. Most people just want to consume product, eat their goyslop, work for the weekend, and talk about the current thing with their fellow NPCs. Freedom from this comes at a cost. And that cost is giving up many conveniences of the system. Most normies don't even understand this concept yet. As things progress more towards an Orwellian dystopia they may wake up. But by then it may be too late for them to escape the clutches of the system.

[Anonymous No.55355252]

>>55355240
>>55355151
>>55354962
>>55354924
>>55354866
>>55354854
>>55354762
Monero is a midwit trap. It's not meant or going to grow wealth

[Anonymous No.55355257]

>>55355240
based Mises poster. Here's a Hoppe

[Anonymous No.55355290]

>>55354854
At least Monero actually has a real-world use case in contrast to most other cryptocurrencies, whose value is caused by retards listening to what Elon posts on Twitter

[Anonymous No.55355305]

Because I don't own at least a stack of 50 and became the biggest shiller of it since Barnum and Bailey.

[Anonymous No.55355584]

>>55354866
The problem with Linux is that it isn't preinstalled on most machines and most people aren't motivated to overwrite their hard drives. But for a crypto normie, buying Monero shouldn't be a lot more difficult than buying random shitcoins.

[Anonymous No.55355682]

>>55355584
>But for a crypto normie, buying Monero shouldn't be a lot more difficult than buying random shitcoins.
Monero not being on Coinbase basically the same as Linux not being pre-installed on a PC or Mac in terms of effort required. It's not hard to overcome but crypto normies are going to default to just not bothering.

[Anonymous No.55355753]

>>55355252
Nobody cares about your impotent seething

[Anonymous No.55355842]

>Governments make it illegal
>It goes to 1 million a piece on decentralized exchanges
>Can’t cash out without first converting to another crypto
>All KYC and banks require documentation of chain analysis as to how you got your crypto in the first place
Okay solve this one XMRfags how do you cash out in this scenario?

[Anonymous No.55355886]

>>55355842
Tell them you mined it back in the past, it's that easy. Also, it's impossible to analyze Monero.

[Anonymous No.55356122]

>>55355842
Non-KYC like AgoraDesk. You send someone XMR and he transfers money to your bank account or sends cash by mail. I've done it before.

[Anonymous No.55356285]

>>55355584
Most crypto bros don't give a shit about privacy, same way most normal people don't. They're in crypto to make money, not to fight a libertarian crusade.

[Anonymous No.55356371]

>>55355290
me on the right

[Anonymous No.55356482]

>>55354762
xmr is great tech, but it has poor usability. Its just not feasible to sync up to a node for 30 minutes to spend coins just cause you havent used your wallet for a few months. And using those full online wallets defeats the whole purpose of xmr.

Compare that to litecoin mweb, you just open the wallet, click a checkbox and your tx is now private enough. That takes literal seconds. I talked to xmr devs about it multiple times, but they are just too autistic to understand this.

[Anonymous No.55356521]

0xMonero is technically superior. So is Zano.

[Anonymous No.55356527]

>>55356482
they're actually just smarter than you. 30 minutes (right now) to sync for untouchable wealth is an obvious choice

optional privacy is not privacy at all, it's moron food

[Anonymous No.55356594]

>>55356527
>Wahhhh, Bitcoin will never be electronic cash, no one wants to wait 10 minutes for a transaction
>30 minutes every time you use your wallet is fine

[Anonymous No.55356665]

>>55356594
Running the Monero Daemon in the background (e.g. on startup) saves you some time

[Anonymous No.55356780]

>>55354762
yes xmr is the best cryptocurrency, and it's already dominant in the only markets where crypto is used for actual commerce. what else do you want?

[Anonymous No.55357317]

>>55356665
this is dumb. I like XMR but it made some uncomfortable tradeoffs. because of its design you can never have simple payment verification so you have to look through every transaction since the last time you opened your wallet, and you have to do it again every time you open your wallet. it scales very poorly. there are better ways to provide the same security guarantees as XMR.

[Anonymous No.55357341]

Normal faggots are late on everything

A jew needs to tell a normie something is good

I used bitshit in 2015, but times have changed

[Anonymous No.55357713]

>>55356665
Sure, but normal people aren't going to do that. We could switch over to a CBDC that tracks everyone's transactions tomorrow and they won't care, they probably won't even notice, and if you try to make them care they'll just call you weird.

[Anonymous No.55357736]

>>55355842
>how do you cash out in this scenario?
You don't. That's the point.

[Anonymous No.55358270]

>>55356594
if xmr continues making progress towards cutting this time down at the same rate it has so far it will be near instant within the decade

[Anonymous No.55358302]

>>55357317
>there are better ways to provide the same security guarantees as XMR.
Please, tell us how.

>>55357713
You know, I've heard a lot of fear around CBDCs, but it seems kinda overblown. Has the government at large suddenly become tech savvy? When Obamacare started, they literally couldn't figure out how to run a website. Idk why anyone would trust them to program their funny money, even if it was all legit and they weren't trying to control everyone.

>>55356594
>Something that becomes more of a problem the more it is used
>Something that becomes less of a problem the more it is used
Yes, you are very smart.

[Anonymous No.55358314]

Because most people get into digital currencies for the purpose of making money, they don't give a fuck about the use case.

[Anonymous No.55358349]

>>55358302
Bitcoin's block time has and will always be 10 minutes, regardless of how much it's used, with no need to scan through every single new transaction whenever you open your wallet.

If more people use Monero, sync times will only get longer, becoming more of a problem the more it is used.

So yes, I am smart.

[Anonymous No.55358893]

>>55354854
monero is what everyone thinks bitcoin is. bitcoin is toast my friend. you only say otherwise because you have 0.041 btc on binance and hope to get rich, lol

faggot

[Anonymous No.55358975]

>>55355252
Nothing in crypto is meant to grow wealth, and that includes Bitcoin. It wasn’t meant to be an investment. Bitcoin and Monero are the same fucking thing. The difference being Monero has a privacy feature to it

[Anonymous No.55359090]

>>55358893
I don't own Bitcoin so I couldn't give a shit about it, though with the SEC sweeping away the BTC pump'n'dump fraud cartel so that the big boys can move in, it doesn't seem like it's gonna go away any time soon. It'll become just a boring commodity instead of a wildly speculative asset. And yes Bitcoin utterly failed in what it first set out to be, a private P2P payment system. For that reason I very much like Monero, but like Bitcoin in its early years, its only real-world uses are crime, sanctions evasion, and circumventing political pressure. It's never going to replace fiat currency on a wider scale, nor is it meant to be a store of value like what Bitcoin ended up becoming. And I'm perfectly fine with that.

[Anonymous No.55359115]

>>55358349
You can run a a full node if you're paranoid but using a public node retains most of the privacy and security. All a node can do to break privacy is link a particular transaction to an IP address, so running through Tor or a trusted VPN mitigates all privacy risk.
But running a full node doesn't require a datacenter either. A raspberry pi and usb ssd works fine, or just keep it running on your PC.

So sync is not a problem. How about transactions? Btc has 10 minute blocks, but during congestion you're unlikely to make the first block, or the second, or even the third. You might wait hours to transact. Monero has an adaptive block which tends to keep confirmations moving every two minutes. Oh and on Monero, the network transmission is close to instant (1-5s) and the fees extremely low. So for low value transactions where the counterparty is unlikely to attempt a double spend, you can accept a transaction as fast as a credit card network can with less cost. Monero works perfectly well for something like a coffee shop or fast food, as well as massive settlements and wealth storage. It's actually a flat upgrade to BTC in usability.

[Anonymous No.55359142]

>>55359090
Bitcoin makes for a shitty store of value because of its volatility. Monero, unironically, makes a better store of value since it’s less volatile.

[Anonymous No.55359168]

>>55357317
>because of its design you can never have simple payment verification so you have to look through every transaction since the last time you opened your wallet,
SERAPHIS
FIXES
THIS

[None !!ZrnK6IK8Nit No.55359203]

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

[Anonymous No.55359957]

>>55355682
Those normies had no problem buying safemoon so doubt thats the reason

[Anonymous No.55359966]

>>55354762
Monero is de-listed from most exchanges. It doesn’t do all the fancy soi boy stuff ETH does like smart contracts and NFT’s. It’s only big feature is privacy. It’s more than enough for me. But for normies the fact that it is tougher to get, and the fact that most normies don’t have any reason to keep their money anonymous, or at least don’t feel like they do for now, means they aren’t going to seek it. They just click ok to continue. They watch all the mainstream media and social media that says “bitcoin good. Go to Coinbase and take a picture of your face and scan your ID here and buy this wonderful ‘crypto’ currency that’s now tied to your identity and completely tracable on the blockchain. Your an awesome rebel now, a part of the cool kids club. Now hodl it and you’ll be rich someday”.

[Anonymous No.55360290]

>>55359142
>Bitcoin makes for a shitty store of value because of its volatility. Monero, unironically, makes a better store of value since it’s less volatile.
this, i only hold monero and DCA in.

[Anonymous No.55360356]

it's funny, everyone knows monero is the best

but only normie retards don't know

the jews will flip the switch because it's too valuable to allow normies to accumulate at the current prices

it's very simple

[Anonymous No.55360607]

>>55354762

Monero is popular where it needs to be, the fact that normies are a bunch of clueles idiots is another matter entirely.

Some faggots just gotta learn the hard way kek

[Anonymous No.55360725]

>>55354762
because only a very small subset of people care about that level of privacy. and it doesn't look like it will ever change.

[Anonymous No.55360732]

>>55358975
>Bitcoin and Monero are the same fucking thing
certainly not. the other guy was right, monero is a gigantic midwit trap, as you showed

[Anonymous No.55360838]

>>55360732
The main purpose for both is the same fucking thing. The difference being Monero offers privacy. You can deny it all you want but it’s true.

[Anonymous No.55360852]

>>55354762
It's not a good investment, so people don't invest in it

[Anonymous No.55360915]

>>55360852
Neither is bitcoin

[Anonymous No.55360928]

>>55354762
>Why isn't Monero (XMR) more popular?
he doesn't understand most people are in crypto for the gains and not the use case
those who really need digital cash use and will use monero
normies will mainly use whatever the govt, the tv and their favorite public person tell them to use

[Anonymous No.55362294]

>>55355842
barter

[Anonymous No.55362444]

Monero has had flat price growth because it actually accomplishes it's stated goal of working as a functioning cryptoCURRENCY. It's extremely useful, but not a store of wealth. Hope this helps.

[Anonymous No.55362626]

>>55357317
see >>55359168

[Anonymous No.55362702]

Reminder that Bitcoin's exorbitant price is not the result of organic real-world supply & demand but is instead the result of 10+ years of orchestrated wash trading by a cabal of schemers who are counting on you to believe the hype and FOMO in every time they initiate a pump.

Reminder that this same kind of market manipulation is how utterly useless dog memes are also able to inexplicably attain multi-billion dollar market caps.

Reminder that price action in a market this spectacularly fraudulent is therefore not truly representative of an asset's actual value and is an inherently meaningless metric.

Reminder that such fraudulent trading is not consistent with long-term growth and stability.

Reminder that Bitcoin is now rapidly losing real-world economic relevance to Monero as *reliable* privacy and *full* fungibility become evermore necessary for truly permissionless crypto transacting. https://moneroinfodump.neocities.org/#MoneroReplacingBitcoin

Reminder that maxipads are delusional bagholders who actually believe Bitcoin can continue losing real-world economic relevance without it negatively impacting the price.

Reminder that those same maxipads will attempt to distract you from Bitcoin's downward spiral with constant appeals to historical price action that, as seen, is inherently meaningless.

Reminder that HOLDING FOR FUTURE PROFIT ≠ ADOPTION.

Reminder that HOLDING FOR FUTURE PROFIT = SPECULATION.

Reminder that actual ADOPTION = sustained & growing utilization by non-speculators as a medium of exchange in a real-world economy for the purchase/sale of goods & services.

Reminder that Monero is the only cryptocurrency that has consistently growing demand from non-speculators due to it becoming the exclusive medium of exchange for cyber-related black market commerce.

Reminder that this growing demand makes Monero the only cryptocurrency with a guaranteed floor since commercial users will continue buying it no matter the price or market conditions.

[Anonymous No.55362762]

>>55362444
any good currency should be a store of wealth

[Anonymous No.55362849]

>>55362702
>Forbes as a source
kill yourself

[Anonymous No.55362863]

>>55362762
The whole "the ideal currency doesn't go up in value" thing is a massive cope. Anything that gets widespread adoption as money has a large premium associated with it. USD as the world's reserve currency, the Pound before it, both were "overvalued" relative to the rest of the world's currencies, and that's despite the inflation they experienced.

[Anonymous No.55362873]

>>55354854
Boomer good goy slave nigger alert. Thank God that boomers will get raped by this market in the long term.

[Anonymous No.55362879]

>>55359115
Not forgetting BTC became the banksters' and shadow orgs' digital wealth storage/speculation asset coupled with price manipulation, whale movment and msm advertising timings.. Monero, at least to me, seems completely ignored by these criminals. They didn't think they'd be able to control it so no dumping and oumping by these bad actors.
>>55359142
My observation as well. Compared to btc, mxr will retain a lot of organic liquidity simply because it's a failsafe alternative to the legacy system. I will probably either hold stables or monero or both when I sell next top.

[Anonymous No.55362899]

>>55355842
Buy drugs and sell them. Stupid boomer cowards.

[Anonymous No.55362901]

>>55362863
Agreed, that's because so many of them are useless bullshit, including crypto. Hence why everything is bleeding against BTC and XMR

[Anonymous No.55362915]

>>55358302
>You know, I've heard a lot of fear around CBDCs, but it seems kinda overblown

Yes goy, let the government and banks track every fucking purchase you make. You worthless nigger slaves deserve to be anally raped.

[Anonymous No.55362956]

>>55362849

Because only Forbes has reached such a conclusion.

Fake, gay & fraudulently manipulated. HODL!

[Anonymous No.55363014]

>>55362956
An asset where, if you have held it for more than 2 years, at any point in history, you are likely in a ridiculous amount of profit

and retards like you still come out to play

[Anonymous No.55363130]

>>55363014

>Yes, I realize the price is the result of orchestrated manipulation but so what?

Winning long-term investment strategy.

[Anonymous No.55363138]

>>55363130
AHHHHHH I DON'T LIKE HOW PEOPLE BUY AND SELL BITCOIN SO IT MUST BE A SCAM

[Anonymous No.55363169]

>>55363138

The BTC price is demonstrably the result of fraudulent trading, so technically it is lol

[Anonymous No.55363192]

>>55363169
Nah, you're just coping and sneeding that it'll scam its way up to 180k while your shit keeps dumping against Bitcoin.

[Anonymous No.55363204]

>>55363169
>Citations are 100% government-owned propaganda
Brainwashing is so fucking easy nowadays

[Anonymous No.55363211]

Just wish the maxipads would come clean and admit that Bitcoin isn't the financial revolution they thought it would be. Instead it's turned out to be nothing but a playground for manic speculation and price manipulation led by the douchiest griftiest VC billionaire bros that have ever lived.

[Anonymous No.55363355]

>>55363192
>Nah, you're just coping and sneeding that it'll scam its way up to 180k

lol deja vu like a motherfucker

>while your shit keeps dumping against Bitcoin.

lol the current BTC price isn't a reflection of its actual value, bro

[Anonymous No.55363375]

>>55363355
I can currently sell Bitcoin for 30k, meaning its current value is 30k, and no amount of cope can change that.

[Anonymous No.55363390]

>>55363204
>Citations are 100% government-owned propaganda
>Brainwashing is so fucking easy nowadays

Yes, this is all a grand conspiracy by academia and news media to FUD Bitcoin!

Wake up, people!!!!

[Anonymous No.55363407]

>>55363375
>I can currently sell Bitcoin for 30k, meaning its current value is 30k, and no amount of cope can change that.

You must be new here.

[Anonymous No.55363410]

>>55362915
Hey man, I'm just skeptical that the state can actually follow through on the most dire implementations of a CBDC due to sheer incompetence. Maybe I'm wrong, but I just think when they do actually try to roll it out, they'll probably fuck up in a major way and completely undermine any trust normies have in it. In the mean time I will keep shilling for XMR.

>>55363375
No one shilling XMR gives a fuck about fiat prices you fucking tard. I'm never going to trade mine for fiat unless absolutely necessary. We want actual adoption. You can be mega rich and have literally everyone know exactly how much BTC you have. Good luck avoiding the state trying to confiscate that from you, or some random criminal beating you with a wrench until you give him your keys. You know, shit that has happened many times. Keep jerking off to the funny money prices of a completely institutionally captured token while Monero continues to make gains in trading for goods and services.

[Anonymous No.55363492]

>>55354762
Because everyone knows that monero is a honeypot. If you own some you are on a three letter agency watchlist. Everything thats on the internet was owned from the start.

[Anonymous No.55363529]

>>55363410
fiat is a measure of adoption, moron
if it gains adoption, the demand will rise, why do I have to type that, god

[CHECK THE VOLUME No.55363566]

>>55363410

coping baggie with braindamage

[Anonymous No.55363569]

>>55363410
>No one shilling XMR gives a fuck about fiat prices
That's a lie. If your bags permanently went to $10/coin you'd be upset, if it went to $10000/coin you'd be ecstatic. You only say you don't care because you are "absolutely certain" it'll go up or even flip Bitcoin.

[Anonymous No.55363620]

>>55362702
>price doesn't reflect demand
get a load of that retard
by the way for something to be money it needs to be a store of value first

>just hold for future loss
that means it's working
lmao retards, that's hilarious

[Anonymous No.55363662]

>>55363620
>>price doesn't reflect demand
>get a load of that retard

The demand is fake, wetbrain, that's precisely how market manipulation with spoofing and wash trading works.

[Anonymous No.55363745]

>>55363529
Ah yes, all those people close to the money printer pumping an asset means demand. We definitely have never seen booms and busts in assets as a result of central bank policies. Cryptocurrencies in general are highly speculative assets, in a environment like we have today with insane amounts of money printing, and the government literally sending checks to practically everyone, you can totally rely on fiat prices as a guide to adoption as payment for goods and services.

>>55363569
>If your bags permanently went to $10/coin you'd be upset
Not if I could be paid in and pay with Monero. It going to $10 likely would mean that isn't that case, but not necessarily so.
>if it went to $10000/coin you'd be ecstatic
Only because it would probably get more attention to XMR and mean more people are open to accepting it.

I know this is /biz/ but I like Monero for /pol/itical reasons. I see it as a means to help overthrow the state, or at least diminish their influence in my life. Bitshit cannot do that no matter what price it is. It will always be captured by the state and serve the interests of the state. You can plainly see this, state actors attack the existence of "privacy tokens", while they co-opt Bitcoin through regulations like KYC. They do not wish to make it illegal, just under their guidance. Even without KYC, because of ASICs, that's another chokepoint to control Bitcoin. Just control the miners, have "approved" miners, and if anyone else mines a coin outside of their control, it is automatically considered tainted. None of this even scratches the surface with the myriad of other technical problems with Bitcoin which have been repeated to death.

>>55363566
How about this, you give me your Bitcoin address, and I'll give you my Monero address and let's compare the size of our bags.

[Anonymous No.55363799]

>>55355252
the currency itself isn't supposed to be wealth.
it is your actual, real life labour and physically held value that can be transformed and held confidentially by trading for XMR instead of SWIFT-coin printed by senile imperialists.

[Anonymous No.55363847]

>>55363745
>>55363662
I know it's hard for a shrinked brained person to understand, but an asset like bitcoin with fixed supply which can't be manipulated will have demand in a world where the opposing money is trending towards zero due to an inflated supply, the price is literally the value and it accounts for everything, including money supply, including manipulation, but in the case of bitcoin it will barely go down because it's too desirable, there's no asset more desirable than the most resilient currency with fixed supply.

[Anonymous No.55364081]

>>55363847
>but an asset like bitcoin with fixed supply which can't be manipulated

Wash trading happens off-chain, numbnuts.

[Anonymous No.55364198]

>>55364081
If someone agreeds to pay x to buy something then the price of that thing is x no matter what kind of manipulation is happening. Manipulators aren't the only persons to buy and sell. If you objectively try to value 1 bitcoin in a situation where it's used by everyone, it's equal to the value of everything, divided by 21 millions.

[Anonymous No.55364317]

>>55364198
>no matter what kind of manipulation is happening

lol people were once willing to pay $650.83 for 1 BitConnect token, a high price doesn't make a ponzi scheme not a ponzi scheme.

But hey, if you feel comfy putting your hard earned money into something you now know for a fact is being propped up in large part by fraudulent trading, go right ahead.

[Anonymous No.55364331]

>>55364317
Holy shit, the Bitconnect argument, these are astronomical cope levels.

[Anonymous No.55364349]

>>55354762
Because its probably the coin that has the highest risk of getting banned from exchanges.

[Anonymous No.55364372]

>>55364317
yeah wow price is dynamic and keeps changing insane discovery by master brainlet. how much is worth 1 bitconnect now? moron. also mixing up "fraudulent trading" with "fraudulent project". not even a midwit at this point.

[Anonymous No.55364386]

>>55364331
>Holy shit, the Bitconnect argument, these are astronomical cope levels.

Yes, mentioning Bitconnect magically makes BTC's price action organic and in no way the result of 10+ years of continued market manipulation.

[Anonymous No.55364412]

>>55364349
Probably because on-chain trading volume is obfuscated so CEXs can't abuse it to create fake demand

[Anonymous No.55364433]

>>55364372
>price is dynamic and keeps changing insane

Yes, fraudulent trading with the specific goal of making demand seem orders of magnitude higher than it actually is to sucker in normies who don't know any better has a way of impacting the price, who'da thunked?!

[Anonymous No.55364467]

>>55364433
>normies impact the price
how do I unsubscribe from your moronic blog?

[Anonymous No.55364503]

>>55364467
>>normies impact the price

Normies getting dumped on en masse tends to lol

[Anonymous No.55364562]

>>55363492
>its ze honeypot
its open sourced, please point to where in the code this backdoor is

[Anonymous No.55364718]

>>55364562
>please point to where in the code this backdoor is
Random number generator.
You are welcome.

[Anonymous No.55364733]

>>55364718
>Random number generator.
>You are welcome.
you're literally saying nothing

[Anonymous No.55364737]

>>55363745
On a side note, gubberment can't do shit it you buy and sell in BTC. The only control they can have is price by driving it up. As long as you don't use the offramp cash vehicle there is nothing they can do.

[Anonymous No.55364793]

>>55364733
Are you retarded?
It is LITERALLY a NSA library. Check for yourself - it is open source after all.

[Anonymous No.55364888]

>>55364793
>It is LITERALLY a NSA library.

OH NOES! I wonder what else the NSA has been involved in.....

>SHA-2 (Secure Hash Algorithm 2) is a set of cryptographic hash functions designed by the United States National Security Agency (NSA) and first published in 2001
>The SHA-2 family consists of six hash functions with digests (hash values) that are 224, 256, 384 or 512 bits:[5] SHA-224, SHA-256, SHA-384, SHA-512, SHA-512/224, SHA-512/256.
>Several cryptocurrencies, including Bitcoin, use SHA-256 for verifying transactions and calculating proof of work[19] or proof of stake.[20]

https://en.wikipedia.org/wiki/SHA-2

[Anonymous No.55365982]

>>55354762
Because it's straight-up obsolete and nobody even bothers with it anymore. True chads roll with programmable privacy systems.

[Anonymous No.55367051]

>>55354962

[Anonymous No.55367056]

>>55354762
Can't audit the supply

[Anonymous No.55367067]

>>55367056
>Can't audit the supply

Sure thing, retard.

[Anonymous No.55367992]

>>55367067
Wtf does this prove? You can't audit Monero's supply and that's why it's value is shit

[Anonymous No.55368551]

>>55367992
>nOOOOOO, i'M tOO sTuPiD tO vErifY tHaT mEaNs yOu CaN't AuDiT tHe SuPpLy!!!! HURRRDURRRRRRRRR

[Anonymous No.55368567]

>>55367051
Literally prints M on the chart. No, you can't unsee it.

[Anonymous No.55369050]

>>55354762
Billionnaires can't shill it

[Anonymous No.55369666]

>>55368551
>>55367067
he's right, shut the fuck up midwits, your project will never catch up despite your retarded propaganda and shilling, and it will be fucked by governments using billions of cpu to bog it down lmao

https://www.getmonero.org/2020/01/17/auditability.html

[Anonymous No.55370742]

>>55368567
i salute you fellow monerochad

[Anonymous No.55370911]

>>55354762
Because people want a public ledger for transparency. That's one of the huge benefits of distributed ledgers, transparency and accountability. For example, you'd trust a bank a lot more if they held their assets on public ledger where you can evaluate the balance sheet, all balances, debt, etc. Privacy can be be optional, built on top. Monero would make a whole lot more sense as an L2 on top of bitcoin or ethereum.

>non-transparent blockchain obfuscates transaction details like sender / receiver / amount
tornado nova does this on eth, except you can do it with eth or any token. I'm sure someone could build the same thing on bitcoin eventually, or you could yourself if you wanted.

>dynamic block size -> low fees
Same misconception, bitcoin is a base layer where applications like low-fee payment networks can be built on top.

>resistent to ASICs and GPUs through RandomX
>Tail Emission (approaching constant 0.6 XMR block reward) incentivizes mining, while inflation goes to zero
>decentralized pool mining through P2Pool sidechain
Any PoW can adopt these features if they wanted to.

>most DNMs (e.g. Archetyp) are now XMR only
cool, but they could also just use a private L2 on bitcoin/eth that would scale far better than L1 XMR. XMR only works for them as long as their market is small

>great UX/UI, 60GB pruned blockchain and remote/bootstrap-nodes
UI stuff that could be developed for any chain.

[Anonymous No.55371452]

>>55369666
catch up with what? its the only crypto currency thats actually used

>>55370911
>cool, but they could also just use a private L2 on bitcoin/eth that would scale far better than L1 XMR. XMR only works for them as long as their market is small

but they won't because L2 privacy will never be as safe as L1 privacy, bitcoin isn't even more convenient than monero now because of transaction times

[Anonymous No.55371484]

>>55371452
monero being fucked by the government is possible tho

[Anonymous No.55371536]

>>55371452
>L2 privacy will never be as safe as L1 privacy
Huh? Why? I'd say actually the reverse because the deposits/withdrawals are all on chain for a privacy l2 with encourages people to strengthen the anonymity set, while XMR relies basically on hidden CEX buys/sells to increase the anonymity, if you are a gov that has access to CEX data you can track XMR a lot more than you can an L2 where everyone has the incentive to try and make their deposits/withdrawals less traceable.

[Anonymous No.55371666]

>>55370911
>That's one of the huge benefits of distributed ledgers, transparency and accountability
Interesting point. I have always believed that institutions / companies should be transparent, while individuals should have a right to privacy. However, banks could easily hide parts of their assets and I don't see why companies would be interested in disclosing their finances. And tumblers like Tornado Cash will never offer the same privacy as Monero's L1 solution (see >>55371452).

>Bitcoin is a base layer where applications like low-fee payment networks can be built on top
I don't think that multiple layers should be normalized. That can easily lead to companies like Blockstream hindering the development of the base layer in order to profit off of their L2 (as was the case with Bitcoins block size debates in 2015).

>Any PoW can adopt these features (RandomX, Tail Emission, P2Pool) if they wanted to.
That requires a hard fork and one would probably just end up with a clone of Monero. Also it isn't in the interest of the government to make ASICs obsolete, because that would further decentralize Bitcoin, so they would try their best to prevent a fork.

>a private L2 on bitcoin/eth that would scale far better than L1 XMR
I don't see a problem with XMR scaling. It seems to work very well.

>UI stuff that could be developed for any chain.
You're insisting that other currencies could just adapt Monero's features. But then they would just end up becoming Monero, so why not use Monero in the first place?

[Anonymous No.55371853]

>>55371666
>tumblers like Tornado Cash will never offer the same privacy as Monero's L1 solution
Tornado cash nova / 2.0 or like railgun (they have some problems tho) are complete private payment systems like XMR and I'd say >>55371536 if anything they would be more private if used because there is an incentive to preserve an anonymity set of public deposits / withdraws, vs on monero where most buys/sells are don't on CEXs and so we have no idea how private XMR really is.

>I don't think that multiple layers should be normalized.
Its kind of a moot point because you can have privacy solutions on the base chain and L2s, like tornado is on eth and arbitrum. But multiple layers is how almost everything scales, monolithic designs never scale.

>That can easily lead to companies like Blockstream hindering the development of the base layer in order to profit off of their L2 (as was the case with Bitcoins block size debates in 2015).
But if you want bigger blocks you can use bitcoin cash. Blockstream doesn't stop you. Its just that smaller blocks and more decentralization are better. Bitcoin also uses PoW out of tradition even though PoS is better. Do you want development or hindrance? Blockstream isn't forcing anything on you, you can choose to use whatever chain you want. The one with the most hash power will typically be considered the "real" bitcoin and have more value.

>I don't see a problem with XMR scaling. It seems to work very well.
Because the volume is low. If people actually used XMR as a payment system, fees would sky rocket like any monolithic payment system, because whoever someone pays for coffee the entire world has to arrive at conscientious, vs a scalable system like lightning where you can transfer instantly by just sending a piece of data to someone or routing it though a small fraction of the network.

[Anonymous No.55371894]

>>55371853
>whoever someone pays for coffee the entire world has to arrive at conscientious
I mean consensus

>>55371666
>You're insisting that other currencies could just adapt Monero's features. But then they would just end up becoming Monero, so why not use Monero in the first place?
Because you're forcing another currency on people who just want a private payment system. And in order to have privacy, you have to hold monero, you can't just buy, transfer, sell or its obviously traceable. And then you have to be exposed to monero's price, vs a pure private payment system on eth can use any token including eth or stables.

[Anonymous No.55372429]

>>55354854
You can buy gold with it

[Anonymous No.55372508]

>>55354762
because IT'S IMPOSSIBLE TO BUY!!

[Anonymous No.55372523]

>>55364737
Wrong. If they know your wallet address they would tax you on short term gains for every sale you made. And on top of that, any bitcoin you kept from sales would be taxed come tax season, at 40%. The government does not consider bitcoin a currency. It is always classified as a short term investment unless you literally just buy and hold for over a year.
t. Accounting fag

[Anonymous No.55372526]

>>55355842
I know a guy

[Anonymous No.55372546]

Someone please explain how to fucking buy monero. PLEASE.

[Anonymous No.55372584]

>>55372508
>>55372546
Kraken if you don't mind a KYC exchange
Localmonero if you're a p2p Chad
https://coinatmradar.com/ there's a Monero filter, and you'll probably need a phone number, so if you don't want it associated with you, you'll need a burner.

[Anonymous No.55372596]

>>55372508
>>55372546
here >>55355151

[Anonymous No.55372740]

what mobile wallet so you recommend on Android? will only be used infrequently and for insignificant amounts, have hardware wallet and monero gui on desktop.

[Anonymous No.55372818]

>>55372740
iOS: Cake Wallet
Android: Monerujo

[Anonymous No.55372919]

Monero is old and has utility, jews cant make money with tech and utility, they prefer shit they control and can sell to hype fags that got fresh capital in from of stimulus packages. No stimulus packages and congress might tighten the busget

[Anonymous No.55372943]

>>55372818
Cake is multiplatform right? What makes Monerujo better in your opinion?

[Anonymous No.55373049]

>>55372818
What makes Monerujo on android better than i.e. MyMonero on android?

[Anonymous No.55373081]

>>55372584
Localmonero app on android asks me to fucking REGISTER. WHY?

[Anonymous No.55373106]

>>55372943
You're right. I don't think it really matters, because they're both open source, so I would just decide based on your UI preferences.

[Anonymous No.55373135]

>>55373081
You need an account for LocalMonero and AgoraDesk, but the only information you have to enter is a username and a password afaik, so it's not tied to your real identity.

[Anonymous No.55373155]

>>55373135
ah ok, thanks

[Anonymous No.55373363]

>>55371894
>And in order to have privacy, you have to hold monero, you can't just buy, transfer, sell or its obviously traceable

>buy a prepaid debit card with cash
>use it to buy Monero
>send Monero to someone's wallet
>the origin, destination, and amount involved are completely obfuscated
>the recipient transfers the Monero to a prepaid card with just an email address

???

[Anonymous No.55373430]

>>55373363
whut

[Anonymous No.55373567]

>>55370911
>>55371536
>>55371853
>>55371894
This all sounds like massive cope from some deluded maxi who thinks Bitcoin is a panacea for anything other than private P2P payments. Like what exactly do you think you're solving here my guy? I know you all desperately want to bring back the gold standard like the Great Depression and the 1970s energy crisis never happened but is that really just it? Do you think the entire financial sector along with the hundreds of regulatory bodies around the world are going to just disregard and throw away the past century of monetary policy development all because a handful of Twitter-addicted billionaire bros are relentlessly shilling their clunky libertarian technotoy?

[Anonymous No.55373578]

>>55358302
Whether the fear mongering is overblown or not, they’ve been very open about their desire to implement CBDC. So it’s not a matter of if, it’s when. But you are at least partially correct in that currently our government is too retarded to figure out how to not implement its own chain without completely fucking it up (see: your obamacare website example). That said, it’s a matter of how bad they want to launch it. I don’t see the urgency just yet. They’re far too busy wasting time and resources on Ukraine and the empty water bottles that toppled the government for a day. It’s about the only crypto that has a plausible use case, as ETH and anything else is just used for NFT/shitcoin gambling. That’s a big reason for it not fluctuating in price. People that do buy it on an exchange of any kind typically send it directly out of circulation and to a private wallet. This the liquidity essentially is gone on the open market.

So for now, it’s not a pump and dump. Was never intended to be. But when CBDC does eventually happen, normies are going to realize too late (as they always do) they fucked up by being complacent and seek a coin that was truly meant to be what crypto has long advertised itself to be. That’s when you’ll see some extremely violent price fluctuations.

[Anonymous No.55373645]

>>55372523
This is why retards need to usd offramps

[Anonymous No.55374022]

>>55354762
Because second layer solves all these problems rendering monero worthless. Only the original crypto has value, otherwise if a new crypto can come every month, it’s the same as printing money.

[Anonymous No.55374546]

>cpu mining
You cant even mine this shit at a profit.
Dead POW coin.
Only darknet hacker fags can make any profit from it by infecting peoples computers with hidden mining malware and operating botnets

[Anonymous No.55374580]

>>55374022
>Because second layer solves all these problems rendering monero worthless.

lol nobody wants a BTC L2 privacy solution.