/biz/ - Business & Finance

Can someone explain to me that is it possible to evade tax with monero? If so, how?

t. not a glowie or mutt

Remember the Crypto Mining Malware that was spread around back in 2017 ? Russian cyber-criminals have been offloading XMR for the past 4 years but soon the sell pressure will cease causing the price to rapidly increase. You have to remember the fundamentals have been consistently improved with Ring CT's & Bulletproofs being a major success. Now here's something that is not priced in yet, Atomic Swaps. If you think about it, this seems like a technology that will purely benefit Monero only. Why else would you use Atomic swaps in the crypto-sphere?

>>28625112

NO BEGGING

JANNIEEEEEEEEEEEEEEEEEEEEEESSSSSS

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized p2p privacy cryptocurrency!

Monero is secure, low-fee, and borderless, 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 (hidden tx amounts) ensure that Monero's blockchain is obfuscated -- 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 Monero user willingly providing a view key for a specific transaction.

Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs 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 of 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 will gradually approach 0.6 XMR in May 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.


OFFICIAL WEBSITE - httpsweb.getmonero.org

WHERE TO GET MONERO

KYC
Binance
Kraken
Bitfinex

Non KYC
Local Monero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see kycnot.me

Mining
httpsarchive.isTWOah

HOW TO STORE MONERO

Desktop
GuiCli (recommended)
MyMonero
Exodus
Feather

Mobile
IOS Cakewallet
Android Monerujo
NOTE MYMONERO FOR ANDROID IS A SCAM. DO NOT DOWNLOAD ON GOOGLE PLAY.

Cold Storage
httpsarchive.isDEfsP