/biz/ - Business & Finance

[Anonymous No.9123726]

Hard bottom an hour ago. Upcoming fork. Only coin with true utility.

[Anonymous No.9123777]

>>9123726
And what utility is that?

Allows you to buy KP anonymously?

[Anonymous No.9123806]

>>9123777
You're fucked if that's where your head immediately goes when you think of privacy.

[Anonymous No.9123816]

>>9123806
unironically this

[Anonymous No.9123836]

when is the fork

[Anonymous No.9123850]

>>9123726
Go and buy some real goldcoin.
Buy VERGE

[Anonymous No.9123872]

>>9123836
couple of days

[Anonymous No.9123881]

>>9123777
>only criminals are entitled to privacy so I'm not going to hold Monero

ishygddt

[Anonymous No.9123897]

>>9123836
monerov.org. it's a fixed block fork, so no specific date.

[Anonymous No.9123912]

>>9123881
>>9123806
You can't argue with people like that. They're either bagholding some other "privacy coin" or they're just the goodest of goys.

[Anonymous No.9123913]

>>9123897
This just means price stagnation as dream market will be fucked for weeks again.

[Anonymous No.9123969]

>>9123913
due to privacy being compromised due to the fork?

[Anonymous No.9123983]

>>9123912
"i don't do anything wrong, i don't need privacy, lol! reeeeeeeeee"

[Anonymous No.9124001]

ARIGATO MONERO SENPAI !!!

[Anonymous No.9124012]

>>9123969
Due to market developers incompetence to update internal wallets in time - it happened 1 month ago, monero was fucked fuck 3 weeks. No withdraw or deposit possibility. Lots of people quit the market, vendors couldn't load their big monero volume on the market, no purpose to ever buy xmr from buyers.

The irony is that the price skyrocketed after that and it didn't show signs of recovering yet... if that happens again monero will be full volatile as you'll have most day traders and occasionally a buyer or a seller rarely unloading / getting monero to buy on drug markets.

[Anonymous No.9124047]

Is it better to hold coins for the fork on an exchange or in a wallet? I can’t see bittrex supporting monerov unless it gets much traction. But it could be difficult to safely separate the coins yourself. Any suggestions?

[Anonymous No.9124116]

>>9124047
always a personal wallet. always.

[Anonymous No.9124220]

>>9124012
it's not that kind of fork u stinky noob. there's no change to xmr

[Anonymous No.9124234]

>>9124220
Easy there pajeet.

[Anonymous No.9124434]

>>9124234
He's right though. MoneroV has nothing to do with the scheduled hardfork for Monero. Monero has forked regularly every 6 months for a while now. Markets have always been fucking slow to adapt.

Monero's biggest flaw is that you do need to babysit the wallet and mind any updates. It's still not really noob or vendor friendly in that sense.

[Anonymous No.9124457]

>>9124434
I see, ty for clarification.

[Anonymous No.9124490]

>>9124001
I laughed so hard at this not sure why kek

[Anonymous No.9124711]

>>9123726
Also the only coin in the top 30 you can 51% attack with an investment of less than half a mil a day courtesy of their economic ignorance.

[Anonymous No.9124852]

>>9124711
Why it isn't happening though?

[Anonymous No.9125217]

>>9124852
Nobody has half a mill a day and wants to short it? Worried about legal repercussions? Can't find a place to short it with enough payoff to make it worth their while? Waiting for a pump so they can short it harder? Who knows.
When you see someone walking on a burning bridge that is not yet collapsing though, do you want to go walk on it too?

[Anonymous No.9125254]

>>9123726
shitty coin that panders to miners

[Anonymous No.9125768]

>>9123726

[Anonymous No.9126313]

>>9125217
>>9125254
Spotted the BITMAIN chinks.

[Anonymous No.9126382]

>>9126313
What is it with coretards and their monero bros that make them think pointing out their weaknesses can be effectively refuted with something like "YEAH BUT YOU'RE BAD SO YOU SHOULD FEEL BAD SO NER".
Sad fucks.

[Anonymous No.9126464]

>>9126382
I'm not a corecuck and I also don't suck Chinese cock. Please enlighten me as to how you think resisting ASICs is somehow detrimental to the long term security of Monero. If you think attacking a ~500 MH network with only CPUs/GPUs/FPGAs at your disposal is somehow cheaper than attacking a ~1GH network with dirt cheap ASICs that BITMAIN can roll out at will then you're fucking delusional.

[Anonymous No.9126503]

I used to want to accumulate more BTC. Now i only care about XMR.

[Anonymous No.9126518]

>>9123850

[Anonymous No.9126530]

>>9124047
>difficult to safely separate the coins yourself
Nigga wtf r u talking about, just export your keys and import them in the forked wallet and you're done

[Anonymous No.9126557]

>>9126464
Because you can rent more hashpower than 51% of the monero chain for about 440k per day.
You flat cannot do that with an ASIC chain.
This is why "ASIC resistance" is not just stupid and unachievable, but actually dangerous for the people dumb enough to buy into it.
ASICs are both inevitable *and* desirable.
This has been well understood by even minor chains for quite some time now, see the siacoin announcement about their in house obelisk asic development for blake2b mining which basically restates in long form what I just said above.
And I'm not Chinese, just not a retard.

[Anonymous No.9126627]

>>9124711
>less than half a mil for a single double spend trx
>>9126557
Uhhuh so you can double spend for 440k$? Just don't buy things that cost more than that or wait for more confirmations.
This is literally a nonissue. The point of it being asic resistant is to keep mining ''democratized'', which is extremely valuable and important.

[Anonymous No.9126700]

>>9126627
Well no, you could start the attack with a double spend, and then you could mine empty blocks while you announce what's happening, and rake in the money on the shorts you placed because so many people in this space don't know shit about how blockchains actually work, case in point this discussion.

[Anonymous No.9126727]

>>9126518
stay semi-poor

[Anonymous No.9126761]

>>9126700
Riiiiight. Because a single double spend trx would cause everyone to instantly panic sell (remember, he has to UPHOLD the attack for it to work). Bitch please, by the time it reaches anyone the guy would've lost everything, couldn't pay for any more hashrate, the normal network with the ''proper'' fork catches up and you're done.

I'm not saying attacks like this won't or can't happen. I'm saying it won't cause huge issues and it will be solved quickly if it does, and the system will become much better and more resiliant through it.

[Anonymous No.9126766]

i'm about to buy, what i do biz?

[Anonymous No.9126788]

>>9126761
No, a single double spend would just allow you to liquidate a pretty chunk of XMR on some exchange. People would panic when they realise, hey, shit, there's no monero blockchain anymore. And you *can't* hard fork away from it, because the nature of the attack is to rent GPU capacity to attack it, meaning the attacker can upgrade just as easy as any other miner, he's not using ASICs, he has no skin in this particular game or this particular chain, if XMR dies he doesn't care he can just mine another coin, etc.
The only solution is go to proof of stake or asic based proof of work.

[Anonymous No.9126804]

>>9126766
Just fucking do it. The devs will release their p2p obfuscating network soon, after which Tor won't be necessary to hide your IP because it will be integrated within XMR. It will be fucking epic when that happens.

[Anonymous No.9126806]

>>9126761
To be clear, 440k is for the entire day, not a couple blocks, you can mine empty blocks or pretty much do whatever you want with it for 440k a day.

[Anonymous No.9127522]

>>9126788
Ty for the good info anon.

[Anonymous No.9127586]

>>9126804
I bought earlier at 0.00284
I hope it will be worth it

[Anonymous No.9127605]

>>9123777
hmm what's on your mind??