/XMR/ - Monero General

[None !!ZrnK6IK8Nit No.58650542]

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/watch?v=wq6w03E2DS4

XMR Stats: moneroj.net

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

OFFICIAL WEBSITE - getmonero.org

WHERE TO GET MONERO?

>KYC:
Kraken
Bitfinex

>Non KYC:
LocalMonero ***shutting down***
Morphtoken
Bisq
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official Gui/Cli
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo

[Anonymous No.58650812]

>>58650542
I saw your other thread where you admitted that your team and community are anti-White, open borders globohomos, pro-gay and pro covid-19 lockdowns. What a bunch of faggots. Dumping this shitcoin.

[Anonymous No.58650831]

>>58650812
Are you just bored or something?

[None !!ZrnK6IK8Nit No.58650840]

>>58650812
make sure you market sell

[Anonymous No.58650941]

>>58650812
thank you for bumping the thread.

[VEIL PROJECT No.58651594]

>>58650812
weird fud
>>58650831
>or something
buy signal tbqh

[VEIL PROJECT No.58651604]

>>58650840
they’re trying to buy

[Anonymous No.58651639]

Why not just name it the crime coin lmao

[VEIL PROJECT No.58651660]

>>58651639
please do, you guys did that to bitcoin and look where it got you

[Anonymous No.58651749]

monero belongs under 100 USD

[Anonymous No.58651943]

[Anonymous No.58652216]

>>58651943
Based captain. See you on the 4th!

[Anonymous No.58653191]

retard itt
how to swap xmr for btc or eth?
>why?
my seller of genuinely legal stuff is retarded and thinks xmr is for criminals

[Anonymous No.58653696]

Somebody somewhere is gunning for Tether now.

https://www.youtube.com/watch?v=xE2nfBXU5rs

[None !!ZrnK6IK8Nit No.58653758]

>>58653191
changenow.io or some other swap service like that

[Anonymous No.58655740]

[Anonymous No.58657276]

>>58653191
Trocador is my goto for quick swaps

[Anonymous No.58658465]

[Anonymous No.58659405]

>>58650542
I wanna convert some PayPal to Monero. Are there any exchanges that can do this? KYC is accepted.

Also, since LocalMonero is shutting down, are there any alternative platforms that convert XMR to Western Union?

My process is like this: PayPal -> XMR -> Western Union (to receive IRL).

[LebAnon !!2ce/22LTWFi No.58659750]

happy to see generals are still up

[LebAnon !!2ce/22LTWFi No.58659757]

>>58659405
we use telegram "verified" groups because its a small ass country and everyone knows everyone kind of
its bartering

[Anonymous No.58659758]

>>58659750
just give up already

[Anonymous No.58659792]

>>58659757
How can I join "verified" telegram groups?

[LebAnon !!2ce/22LTWFi No.58659841]

>>58659792
check my namefag
its in lebanon because we actually know the people hence why verified
its just easier to barter on telegram, here at least
its stupid but its working so far, with war and shit I have more concerns lol
>>58659758
when keynesians give up

[Anonymous No.58659916]

Testsaar

[Anonymous No.58660320]

okay bros how do I get a credit card with monero that actually works for online subscriptions?
Let's say I want to support people on x.com and kofi and subscribestar that I don't want my name associated with.
Is that be at all possible and how illegal is that?

[Anonymous No.58660334]

>>58660320
forgot my thought provoking image

[Anonymous No.58660344]

>>58660320
You are actually retarded and have no idea how crypto/monero works.

[Anonymous No.58660892]

>>58650840
>if (other.has_opinion(NEGATIVE_XMR_STANCE))
>{
> print("Market sell Idiot.")
>}

[Anonymous No.58662345]

[Anonymous No.58662648]

[Anonymous No.58663513]

this coin has already pumped, i missed the train, now it won't do a x100, best it could do a x10

am I in the wrong here ?

[Anonymous No.58663547]

>>58663513
xmr is at its absolute top
usdt ban will be in affect in 10 days - ramoving cake wallet from normie use
xmr will only dump until it find its bottom in the lower 2 digits

[Anonymous No.58663644]

>>58660344
what are you talking about? what does this have to do with how monero works?
they sell prepaid credit cards on cake and trocador and stealths. It's just that these don't work for subscriptins usually. I'm looking for an option that allows recurring payments

[Anonymous No.58665447]

[Anonymous No.58666849]

[Anonymous No.58667115]

>>58663513
It'll pump to 220 and then down to 105.

>>58663547
Normies will suck xmr out of whatever hole they need to. It's a monopoly.

[Anonymous No.58667125]

>>58650542
Delete this pepe. After 8 years I won't aks you again

[Anonymous No.58667866]

[Anonymous No.58667945]

>>58667866
Politicians are the scum of the earth.

[Anonymous No.58668395]

>>58663547
any other coin would have been dead by now between all the delistings and on ramps being destroyed. it won’t play out the way you say it will.

[Anonymous No.58668543]

I told you baggies to sell at $180. Why didn't you listen?

[Anonymous No.58668623]

>>58668543
I'm not at a point where I hold any significant amount and honestly since it's so fucking ahrd to even get kyc free xmr rn I'd rather hold on to it.
It's going up again eventually.
degeneracy is for surveilance coins for me

[Anonymous No.58668813]

>>58650542
pedo coin

[Anonymous No.58668814]

cunny coin

[Anonymous No.58668911]

>>58668543
Because I bought again when it bounced off the 800h. This move isn't over until King Shitcoin tanks hard.

[Anonymous No.58669711]

AI summaries of MRL meetings (again I cannot remember what was the last one posted):

22nd of May:

>Discussion of potential measures against black marble attacks, including increasing ring size and fees.

>Rucknium presented preliminary cost-effectiveness analysis for different ring sizes and fees to defend against black marble flooding.

>Proposal to award a contract to Veridise for reviewing and potentially proving Full-Chain Membership Proofs (FCMPs).

>The proposed cost for Veridise's work is $10,000 USD, to be paid through MAGIC.

>Debate over the transparency of auditor options and quotes, with some names redacted for privacy reasons.

>Concerns raised about Veridise's low price quote and short estimated completion time, but overall support for awarding them the contract due to their qualifications.

>Discussion of the timeline for FCMP++ implementation, estimated at 16-18 months.

>Consideration of a potential hard fork before FCMP++ to mitigate vulnerabilities.

>Brief mention of coinbase consolidation transaction types and their potential impact on P2Pool mining.

>Agreement to move forward with the Veridise proposal for FCMP review, pending any major objections.

>Tevador shared thoughts on black marble attacks in a GitHub issue.

[Anonymous No.58669720]

>>58669711

29th of May:

>A draft paper on "Defeating a Black Marble Flood Against Monero" was completed, suggesting large ring size increases and modest fee increases as potential deterrents.

>Concerns were raised about monerod performance issues, including nodes falling behind and memory problems during high transaction volumes.

>A task force was proposed to address daemon inefficiencies and create a benchmark testnet for testing.

>The Full-Chain Membership Proofs (FCMP) project is progressing, with Veridise now onboarded for the work.

>Discussion on optimal ring sizes, with analysis suggesting larger sizes (up to 60 or 64) could be more cost-effective against attacks.

>Consideration of a modified clawback mechanism for transactions with multiple outputs to discourage spam.

>Updates on FCMP transaction sizes, with estimates ranging from 3000 to 5500 bytes for a 2-input/2-output transaction.

>Acknowledgment that long-term scaling solutions may require parallel processing to address verification time issues.

5th of June:

>Stress testing of monerod is ongoing, with a new "stressnet" created for testing network limits and performance.

>The txpool reached nearly 200MB during testing, with over 16 hours of backlogged transactions.

>Memory usage spiked to 17GB on one node during stress testing, suggesting potential memory management issues.

>Work continues on optimizing ring size and fee analysis for potential black marble attacks.

>Full-Chain Membership Proofs (FCMP) development is in progress, though no specific updates were shared.

>Discussions on transaction verification processes in monerod, particularly regarding when expensive cryptographic checks are performed.

>Upcoming MoneroKon presentations on scaling changes and cryptocurrency's role in banking the unbanked were mentioned.

>Various ongoing development efforts were reported, including LWS remote scanning, fixes for duplicate transactions, and improvements to the P2P stack.

[Anonymous No.58669728]

>>58669720

12th of June:

>A stressnet release has been published for testing Monero nodes under high load conditions. Stress testing is set to begin on June 19th.

>Researchers are working on various projects including full chain membership proofs (FCMP), scaling improvements, and traffic pattern obfuscation.

>A Shiny app was created to visualize the fee/ring size tradeoff for black marble defense.

>Discussions on potential measures against black marble attacks, including analysis of how reducing the surge factor could limit short-term attack effectiveness.

>A PhD researcher presented work on improving Inner-Product Arguments (IPA) in zero-knowledge proofs, potentially benefiting Bulletproofs and range proofs in Monero.

>The proposed IPA improvements could reduce proving and verification time to 1/2 of the original time.

>Discussions on how the IPA improvements might impact Full Chain Membership Proofs (FCMP) and Generalized Bulletproofs.

>Clarifications on the efficiency analysis of the proposed IPA improvements, noting potential optimizations for verifier performance.

>Interest expressed in further exploring the application of the improved IPA to FCMPs and range proofs, pending performance evaluations and expert review.

[Anonymous No.58669730]

>>58669728

19th of June:

>Stress testing of monerod is in progress, with reliable reproduction of out-of-memory errors when a stressnet node has many connections.

>Stressnet is running for performance testing, expected to continue for about two months. Developers are encouraged to sync nodes and test performance patches.

>Progress on Full-Chain Membership Proofs (FCMPs) was discussed, including completion of a proof for the divisor technique and ongoing review processes.

>An implementation of compressed sigma-ipa was presented, claiming 50% optimization on verification times compared to BP's IPA.

>Discussion of a potential "black marble attack" was mentioned, with updates expected in the next meeting.

>Various ongoing development efforts were reported, including work on transaction anomaly detection, fcmp trim_tree algorithm implementation, and updates to serialization code.

>The meeting concluded with plans for further testing and review of proposed optimizations and proofs related to FCMPs and other Monero technologies.

[Anonymous No.58669796]

Currently, Monero faces a significant challenge due to the limited availability of P2P platforms for exchanging fiat currency into XMR.

One of the primary methods to acquire Monero right now involves purchasing Bitcoin via platforms like RoboSats and subsequently swap it for Monero on unKYC exchanges.

RoboSats is a simple and private way to exchange bitcoin for national currencies. Robosats simplifies the peer-to-peer user experience and uses lightning hold invoices to minimize custody and trust requirements. The deterministically generated avatars help users stick to best privacy practices.

This bounty aims to incentivize and support the development of a fork of RoboSats based on monero.

The community has already demonstrated its capability by successfully creating Haveno, a fork of Bisq. Expanding the availability of P2P exchange platforms not only enhances convenience but also strengthens the resilience and decentralization of the Monero network, aligning with its core principles of privacy and user autonomy. As the Monero community continues to evolve, the development of robust P2P infrastructure will play a pivotal role in its journey towards broader acceptance and usability.

https://bounties.monero.social/posts/141/0-100m-create-a-fork-of-robosats-based-on-monero

[Anonymous No.58670225]

>>58651943
>>58652216

https://voca.ro/13zJ1gA2mDng

[Anonymous No.58670725]

The only way to utilize Multisig is via the CLI wallet. I believe incorporating this functionality into the GUI wallet would facilitate its usage.

Example use cases:

shared account (1-of-2; both husband and wife individually have full access to their funds)
consensus account (2-of-2; both husband and wife must agree to spend their funds)
threshold account (2-of-3; an escrow service is involved as an independent 3rd party, to co-sign with either the seller, or with the buyer, if seller and buyer do not agree)
secure account (2-of-3; a single owner controls all 3 keys but secures them via a different means to diversify risks)
arbitrary threshold account (M-of-N; some cryptocurrencies provide full flexibility on the number of signers)

https://bounties.monero.social/posts/139/0-200m-add-multisig-in-the-gui-wallet

[Anonymous No.58671423]

monerostoreita.com

hi

this is my site where you can sell thing on XMR and USDT, you can convert USDT to XMR in some way, and you can send messages to you friend

i dont have ssh so write down monerostoreita.com and check it

i would like to recive some feedback

no, i'm not a indian scammer, italia here, pizza pasta mandolino

[Anonymous No.58671532]

Is there a particular Haveno network that is best to use? Or at least any to avoid?

Also Happy Pentecost!!

[Anonymous No.58672741]

[Anonymous No.58673219]

>>58663547
USDT is never going to get banned because Tether keeps buying a gorillion Treasuries as backing.

[Anonymous No.58673795]

>>58671532
Reto is the only one that is actually live.

There was an attempted at launching something calling themselves "haveno main" but it was a mega obvious grift (even bought @haveno on telegram) and cloned the official haveno website. In the end they never even launched.

[Anonymous No.58674181]

>>58659405
Buying crypto with PayPal is against the ToS, so doing it is risking getting banned and having your money stolen.
The best way is to transfer the money from Paypal to a bank account, then buy Monero with it.

[Anonymous No.58675057]

What's the current meta for SELLING monero for cash by mail?

[Anonymous No.58675141]

>>58675057
haveno https://github.com/retoaccess1/haveno-reto/releases/tag/v1.0.7
still in beta tho don't do high ammounts

[Anonymous No.58675165]

MONEROMARKET.IO

[Anonymous No.58676134]

>>58674181
That's the issue, fren. I don't have a bank account nor can I create one. I wanna cash out with Monero and then converting that Monero to Western Union.

Also, PayPal does let you buy crypto. For example, in the US, there is a tab for buying crypto within the PayPal app. I CTRL+F'd "crypto" in every page of the tos (paypal.com/my/legalhub/useragreement-full) and crypto didn't come up.

I receive my salary, as a freelancer, through PayPal. For future reference, no, I cannot change it to Monero directly(sadly). I tried joining >>58659841 telegram group but to no avail.

There has to be an entity that exchanges PayPal balance for XMR. I wanted to use LocalMonero but it went defunct right when I started working.

[Anonymous No.58676168]

>>58676134
My current idea is to buy Mastercard Gift Cards from my PayPal balance and use that or convert it to XMR and buy with it western union and receive western union IRL.

[Anonymous No.58676183]

>>58650542
We need one of these for VestaRWA too, I’ll start

[Anonymous No.58677412]

>need to renew my pass
>"We currently accept (...) Litecoin (...)"
>swap XMR for LTC as i always did, no option to pay with LTC though, only some dogshit browser or mobile wallets available through coinbase
>create and try multiple wallets, none have LTC payment option, despite storing LTC
>in the end had to swap XMR to MATIC (whatever that is) and paying with that
what the fuck happened? You used to be able to just pay with a simple BTC/LTC transaction.
If someone is looking for ideas: selling 4chan passes on moneromarket (i believe you can buy gift passes?), i'd gladly pay a premium to not have to deal with this coinbase commerce bullshit.

[Anonymous No.58677780]

>>58650542
How low are we going? I would love to pick up a fat stack at $120 but something tells me I won't get the chance.

[Anonymous No.58678695]

>>58673795
Thank you!

[Anonymous No.58678982]

>>58676183
Vestarrwa? i prefer on sharkroll instead

[Anonymous No.58680632]

[Anonymous No.58681952]

[Anonymous No.58681978]

Extremely common Monerochan win.

[Anonymous No.58683705]

>>58681978
Starting to get tired of all this winning.

[Anonymous No.58684388]

>syncing with cakewallet
>starting from 3,000,000 blocks
>gets down to less than 200,000 blocks
>app crashes, restart
>back to over 3,000,000 blocks left
This has happened 3 times now. Any ideas on what I should do?

[Anonymous No.58684412]

>>58684388
Try switching nodes, I had a similar issue a while back but I believe I had to reinstall cake.

[Anonymous No.58684492]

>>58684388
Maybe it's the background sync. It's broken. You can turn it of in the settings.

[Anonymous No.58685227]

>>58684492
I can't find that setting. Maybe I have an outdated version of the app but since my phone is old it never updated. I'm using android 7.0.

[Anonymous No.58685708]

>>58685227
>android 7
Big update guy huh? For your own security you should probably update to a supported version, and you'll likely fix your issue at the same time.

[Anonymous No.58685744]

>>58685227
>old phone
Follow on, I'd upgrade hardware at least to a cheap supported pixel and install GOS or something. If youre that cash strapped look at lineage os for your current phone but if your wallet and security isn't worth a couple hundred bucks I don't know what to tell you.

[cunny_slayer No.58685844]

>>58650542
TOTAL NIGGER DEATH
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[Anonymous No.58686162]

>>58651749

[Anonymous No.58686178]

>>58669711
>>58669720
>>58669728
>>58669730
Everyone's distracted by meme coins

[Anonymous No.58686287]

>>58686178
Yeah I had to got to matic to get my fix. Monero's a $165 stablecoin today

[Anonymous No.58686304]

>>58650542
CLEAN IT UP JANNY
>CLEAN IT UP JANNY
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[Anonymous No.58687635]

[Anonymous No.58687786]

>>58685708
>>58685744
It's not that I'm cheap it's just why replace something if it still works (also just never liked upgrading to a new phone)? I haven't checked the app in over a year and I'm just learning now a lot of things are no longer supported for it. It keeps saying it's up to date when I check for updates (SM-G928V). Guess I can't use monero on mobile anymore until I get a new phone.

[Anonymous No.58689056]

>>58687786
>why replace something if it still works
Because its an unfixable security hole as android 7 hasn't been supported since 2019. If like most people youre doing banking etc on your phone you are putting yourself at risk. If you're really committed to keeping it at least look into lineage OS and maybe you will get some kind of security patches.
Its your personal security so do as you please but just know that you're willingly vulnerable.

[Anonymous No.58690182]

[Anonymous No.58690351]

>>58676134
>>58676168
>>58659405
Okay bros, I found a solution. Buy Gift Cards through G2A with PayPal, buy Bitcoin with them on Paxful or any other platforn, swap Bitcoin with XMR.

A more anonymous way to do this is to buy Amazon Gift Cards and trade em over Bisq.

[Anonymous No.58690633]

>>58690351
have you tried looking at localcoinswap.com?

[Anonymous No.58690902]

>>58690351
why not just cash by mail, paypal or revolut in haveno?

is anyone using shopinbit? I can't finalize my purchase somewhow. bit confusing

[Anonymous No.58692667]

[Anonymous No.58693294]

[Anonymous No.58694441]

[Sage No.58694489]

>58650542
Crypto is satanic, therefore incredibly jewish

[Anonymous No.58694579]

>>58694489
>Nooo! You have to use fiat! Anything else is Jewish!
Kek

[Anonymous No.58694713]

Can anyone please share the link of the Monero song where the chorus goes, "Monero is a (something), Monero is a scam, Monero is a waste of time and moneyyyyyyy?" Certified hood classic.

[Anonymous No.58694978]

On the philosophy of money, should cryptocurrencies including Monero be classified as fiat money? A web search shows several definitions of fiat money:

"Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver. It is typically designated by the issuing government to be legal tender, and is authorized by government regulation." -Wikipedia

"Fiat currencies are government-issued currencies that are not backed by a tangible commodity, such as gold or silver." -Skilling.com

"Simply put, fiat currency is legal tender that derives its value from its issuing government rather than a physical good or commodity." -Binance Academy

"Fiat money is a currency that lacks intrinsic value and is established as a legal tender by government regulation." -Corporatefinanceinstitute.com

"Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. " -Investopedia

XMR is not backed by precious metals, but the preceding definitions emphasize government issuance. So does it make a difference if the issuers are government agents as opposed to cryptography experts?

I see more similarities than differences between the properties of XMR and national fiat currencies. XMR behaves like a digital national currency, except it is private, much harder to inflate and much harder to confiscate. To me, the lack of precious metal backing is more significant than government sponsorship, so I consider Monero a fiat currency. But I also agree with John McAfee that a currency derives its value from its use case, so being a fiat currency isn't bad per se. Monero could be viewed as an ideal fiat currency.

[Anonymous No.58695408]

>>58694441
Where's that guy?

[Anonymous No.58695425]

>>58694978
"Fiat" means "by decree" if I'm not mistaken. I'm not completely sure if just the issuance is done by decree, or if it means that acceptance is forced by decree too. Crypto certainly doesn't fit the acceptance part, since nobody is forced to accept it, except BTC in El Salvador. Whether it can be issued by decree is tricky: it is created initially by decree but then the minting is more predictable and governed by harder rules than even gold mining, so it would be unfair to call it fiat. But nobody stops you from making your own new crypto that nobody accepts, so crypto as a whole seems kinda fiat in the same way that the group of things that can be currencies can by "inflated" by crap by "fiat".

My final answer: crypto as a whole is fiat, individual cryptocurrencies like XMR, BCH etc are not fiat.

[Anonymous No.58695853]

>>58694978
>It is typically designated by the issuing government to be legal tender, and is authorized by government regulation.
>legal tender
Is statist for "we will shove a plunger up your ass and throw you in the bbc pit if you don't accept this as money"

They always try to confuse the issue with bs about gold and silver, hard money, opportunity cost, ..., but it's just legal tender laws / threat of force that makes fiat. For instance after 1873 the US minted silver fiat coins which were supposed to be worth a certain weight of gold, even though the silver they were made of wasn't near that valuable.

[Anonymous No.58696863]

[Anonymous No.58696954]

Need my paycheck to go STRAIGHT to Monero.

[Anonymous No.58698048]

[Anonymous No.58699230]

>page 9
literally dead

[Anonymous No.58699299]

>>58650542
It's insane to me that this thing is still in the top 30 by marketcap after all the delistings.