/biz/ - Business & Finance

>>14900319
wont work

>>14841514
this

Bitcoin is not fungible because one can always trace where the coins come from (the public ledger is clear for everyone to see). So let's assume that a Bitcoin was used in a shady transaction (drugs, stolen goods, ...). When that coin lands in your wallet, it would be possible to look into the transaction history of that coin and detect that said shady transaction was carried out, so the Bitcoin that landed in your wallet is not equal anymore to a 'fresh' Bitcoin without transaction history. So that Bitcoin is now tainted... Now that Bitcoin/address could be blacklisted so it can't be used anymore. Monero on the other hand has an opaque blockchain, aka the coins' transaction history can't be looked up, so one XMR will always be one XMR, no matter in which transactions it would have been used before. In a way one could compare it to cash vs digital money. Monero would be cash (untraceable) and Bitcoin would be digital money (traceable)

>>14803558
>Hey, I'm a beginner in trading.
stop now while you're ahead
buy and hodl don't be a retard. Serously.

>>14768340
Its the monero troll again we need to come up with a name for you...

>>14741820
yeah you're right they can go even lower, didn't mention this for the sake of understanding
this shit is FUBAR

>>14731503
>international transfers
>large amounts
>fiat debasement

>>14669624
>>14669674
at some point ASICS wont have that crazy increase in hashpower in short timeframes any more, so they don't get exchanged every half year and have actually useful operation times that makes it possible for a lot more people to get and run them. At that can probably drop the ASIC resistance.
Until then, it's good that XMR keeps the chinks out and you can actually still collect whole XMR with gpu and cpu mining in an affordable rig.