/biz/ - Business & Finance

>>11023629
Yes, but
> when young men find out it exists will they not quietly aim to create a stockpile early in life as insurance against gold-digging whores?

End of month they have nothing left to invest

They can simply make it illegal. The threat of jail time will stop it from becoming ubiquitous.

>>11023702
Like Bitcoin in 2011?

>>11023629
Just buy DERO and Nerva. Christ, you plebs will never learn and continue buying people's 1,000x bags, instead of getting in on floors of your own and holding for 6 months.

it probably wont become ubiquitous, if privacy is important, then the most important thing is to put privacy into bitcoin, directly (unlikely) or via layers, so the price is pegged directly to 1 btc.

alts like monero fit the purpose short term, and you should be using them today, but not for storing wealth, thats just irresponsible

>>11023702
So the senator's hiding their money from their gold digging whores will vote yay ?

>>11023712
Also NAV pls, need pump :(

>>11023629
DELETE THIS

>>11023729
Senators will make it illegal but still use it

>>11023712
Why would I buy your bags? Why not buy something with actual value

>>11023771
I have sell targets. They are at least 25x to begin. Don't be a pussy. You really think DERO, Nerva, XBI, and 10 other juicy 1M or sub 1M market-caps are going to stay there forever? Life's a game. Get in.

>>11023806
So roll the dice on your bags then? I will say You have inspired me to mine these shit coins too

>>11023629
Monero is the most undervalued coin in the top 20

>>11023829

> Monero is the most undervalued coin in the top 20
You misspelled the word Overvalued, Anon.

>>11023900
>literally the only coin that is actually used
>overvalued
you're unironically retarded as fuck

>>11023806
can you give me a list of these so i can research more of these hidden gems

>>11023920
Used by who ? Criminals on dark Web, who buy Pedo snuff movie ?

Great Use Case, Anon.

>>11023900
BTC is a transparent store of value with a public ledger, ETH is a decent dApp platform which is mostly used for toys right now, and XMR is a means of transferring value with no public ledger. These are basically the only three functional, useful coins available today... XMR is basically BTC without the benefit of the brand name. Other than tail emission, it's simply a superior BTC.

I'm not sure if it's overvalued or not, but its value certainly seems at least justifiable.

>>11023806
>You really think DERO, Nerva, XBI, and 10 other juicy 1M or sub 1M market-caps are going to stay there forever?
most of them do, actually

>>11023970
They all do. Only time anything moves is when bitfinix decides to print more tether

If only degenerates had an IQ above 50 so they would start buying XMR and id be rich

>>11023964
BTC could be easily replaced by ETH or XMR true, but hose are fucked by scalability :
> LN a faillure.
> Sharding and PoS nothing before 2021-23
> Privacy ? BCH, Zcash, $PAC, Dash, Dero have better privacy and fungibility too

BTC will stay first not because is a store of value but because of the Ponzi scheme with Bitfinex and USDT and normies/cucks watching CNBC.

>>11024086
XMR is scalable enough, all that matters is that it crosses that threshold, which it does.

>>11023951
At least its a real world use case

>>11024119

hope you sleep well anon.

>>11024146
Fuck off moralfag. How do you think BTC got so big?

>>11024099

> muh scale well
4 TPS with BulletProofs.

>>11024198
that's good enough

>>11024185
big company / big investors / bankers

Most Pedo using BTC got v&n anyway.

>>11024146
How can you say shit like that when we are all playing a zero sum game.

>>11023964
The tail emission also makes it superior to BTC. BTC will crumble when 21 million coins have been minted. Miners will stop mining if block rewards become inconsistent... imagine being paid a salary at work that fluctuates +/-50%.

That's what will happen with BTC. Fees will be up or down on any given day, and miners won't know if their next paycheck is secured. Monero eliminates this risk.

>>11024288
By the time 21 million coins have been mined, tx fees will be sufficient.

>>11024233

Everyone who plays know the rules, no one is putting a gun on your head to buy some funny coins.

That different of buying videos with kiddo being raped or worst in the backalley.

>>11024230
All the early adopters were libertarians, ancaps, and druggies. Ever heard of silk road?

>>11024214

Even Bitcoin Core scale better than Monero with the latest update.

>>11024304
Your assuming he’s using it for that. People might just want to hide there money or buy pot. Don’t talk shut when you are playing the same game. You look like an idiot right now

>>11024344
I don't think you understand
that doesn't matter
>muh scale x vs y
it's not about relative performance, it's about whether or not it's good enough, and it is good enough. it's that simple

>>11024086
>BCH, Zcash, $PAC, Dash, Dero have better privacy and fungibility too
Monero is better than any of these shitcoins. Zcash is useful only as a "corporate competitor" to keep Monero on its toes with a different method of privacy. Monero doesn't need to scale to increase massively in value. It's the Swiss Bank of crypto and a completely opaque store of value, not something you use to buy your morning coffee. That's a meme.

>>11024288
>>11023964
What's tail emission and where can I learn more about it and other things (Monero related)? I just got into Monero this weekend and have hard time finding good resources

>>11024324

Early libertarians were present before Bitcoin and now they are all pro capitalist with a good retirement somewhere in pacific.

>>11024380
>What's tail emission
permanent inflation - no hard cap on the coins

>>11024355
How do you expect to growth is your coins isn't ready for the mass adoption ? Normies doesn't care about yours decentralization or fungibility, if the tech isn't better (faster) than a Debit Card, why bother ?

>>11024436
believe whatever you want. XMR is ready for mass adoption and is widely adopted now. It's one of the few coins worth billions and it is for good reason

>>11024436
>mass adoption
Think about who controls the wealth. It ain't normies.

>>11023702
like drugs

>>11024380
Just google monero tail emission.

Some good links from that search on the monero reddit sub and also on monero.stackexchange site

>>11024450

isn't about wealth it's all about technology, do you really think every use internet to share cultural stuff and knowledge ? Yes for a minority, the majority it's about kitten vids, and buying stuff cheaper than local store.

If it's not better than what they have, you'll never have mass adoption. So scalability is a key, because no one will wait 10 min to checkout for a coffee.

>>11024472
>>11024388
Thanks.

>>11024515
nobody is buying coffee with crypto. if they were they'd use nano or some such shit

Monero is fulfilling a far more important role—allowing people to truly control their own wealth

you seem to be delusional

>>11024527

Do you know about Manta ? A Nano fork using RingCT, see Monero is already fucked.

>>11024527
Stop feeding this pajeet troll. If he doesn't want to understand then fuck him. I highly doubt he has any wealth to store in the first place.

>>11024567
you're probably right

>>11023951
Hey faggot I make more money from pedo snuff movies than you do from your shitty 9-5

>>11024571
>Manta
See now hes shilling a scamcoin

>>11024567

What botter with Monero when we tons of Private Crypto fullfilling your important role ?

> Dash, $Pac, Zen, Zec, Dero, Manta.

>>11024580

> kek

>>11023629
>when young men find out it exists will they not quietly aim to create a stockpile early in life as insurance against gold-digging whores?
this is me

>>11024384
This dude is seriously mentally impaired, holy shit.

>>11024622
None of those coins command any respect among people that actually need to protect their privacy. Just because they claim to be private doesn't mean that they have checked off the right boxes.

>>11024622
>Dash - pre mined shitcoin
>$pac - pump n dump low sat scam shitcoin
>Zec - see pic related. Not private
>Dero - pre mined shitcoin
>Manta - scam

>>11024673
and monero isn't private either, it leaks IP addresses of users.
>https://moneroworld.com/
>https://www.deepdotweb.com/2018/01/31/leak-shows-us-army-nsa-compromised-tor-i2p-vpns-wants-track-monero/

gov calls bill gates:
if they have ever installed monero on their computer, give me their MAC and IP address
corelate through isp subpena, bust your door

>>11024702
>What are nodes?????

>>11024622
>Zec
>privacy
LMAO! Lurk more faggit.

How is it better than Zcoin?

>>11023709
kek

>>11024703
"Installed Monero"
Oh you have no idea how crypto works?

>>11023745
can't wait for Trezor hardware support for Monero

>>11024708
what the fuck are you talking about. that talks about leaking CLIENTS IP address running monero wallet.

>>11024673

Everything is shitcoin or scam, even if it's used to help people in some county. But drugs / pedo stuff is ok and fine, it's freedom.

And you pretending being guardians of fulfilling a far more important role ? What kind of libertarian are you ?

Hope you gonna burn in hell, Anon.

>>11024728
Anybody that is doing shit so shady that they have to worry about their fucking IP address is operating through a VPN or some using some other way to obfuscate their location. That has nothing to do with Monero. Monero obfuscates your activity on its blockchain, which is important, but that's it.

>>11023709
Bitcoin wasn't made illegal in 2011.

>>11024848
so does confidential transactions coming soon with bitcoin.
https://people.xiph.org/~greg/confidential_values.txt

>>11023629
Monero, Monero
On its way to zero.
Monero, Monero
So many are going to an hero.
Monero, Monero.
Perhaps I will start a new life in Rio de janeiro

>>11024875
Partial privacy will always be vulnerable to blockchain analysis.

>>11024734
you are a fucking retard

>>11024972
>Partial privacy will always be vulnerable to blockchain analysis.
why? and at best that would provide circumstantial evidence right?

>>11024859
exactly, so why should it happen to Monero?

>>11023629

Monero doesn't care about security, they spend 4 years to add RingCT, the team is just a bunch a kid playing around. Devs are corrupted by US gov, they don't ever spend a nigh in jail and walk freely on US soil each year.

Do you wanna give your Bank account private key or even you life to some kids ?

>>11025126
>that level of FUD

>>11024146
>a moralfag on my chans
top niggerzozzle

>>11025363
>there comes the pajeet shilling his shitcoin
This is a serious discussion. No pajeets allowed here.
SHOO SHOO

>>11023755

No senators won't do that because that would devalue it, this is the beauty of the economics behind BTC and other cryptos that boomercucks don't get, it appeals just as much to the powers that be and simultaneously is impossible to exploit without supporting it in the long term.

They can't profit off the invention and kill it, what they'll do is eventually start supporting cryptos 100% but just garnish wages via control over megacorps who run the AI and infrastructure. People who have 1 BTC will have 'made it' and everyone else will be a serf without even enough money for 1k satoshis.

>>11025089
I'm not an expert but temporal analysis on blockchains with mixed privacy has become pretty fucking sophisticated, to the point where these kinds of "privacy as an option" currencies are all suspect. With enough tumbling and obfuscation (and enough real outputs in the mix) maybe they improve, but if Zcash is any indication, public transactions outweigh private transactions by something like 50:1 which really hurts the overall anonymity set.

tl;dr tacking on RingCT is better than nothing but it is a clear second place to a crypto that has always had forced ring signatures (and later RingCT) like Monero.

What about Safex?

>>11025523
no exchanges really support z addresses, only t, thats why theres more in zcash

>>11025523
interesting, thanks

>>11024380
monero.how

>>11024086
Zilliqa..

>>11024436
you are the dumbest motherfucking brainlet itt. i read all your 16 posts and my eyes are bleeding. holy fuck anon kys

>>11024734
kys you fucking pajeet brainlet holy shit.

>>11025382
>we don't want to talk about why Dero is superior to Monero in every way so let's ban him MODS WHERE ARE YOU BAN THIS SPAMMER ALREADY REEEEEEEEE
>proceeds to spam all Dero threads with FUD

Monero is obsolete whether you want to admit it or not.

Dero is the future.

>>11024086

Tether FUD is so 2017

>>11023629

It goes way beyond divorce court, capitalist or commie the modern systems all run on asset seizure. If crypto is as successful as most people here think it won't be simply get rich on shitcoins and everything stays the same while you snort coke in your mansion. It inherently necessitates a systematic shift, and personally I wouldn't want to be in the countries most heavily invested in the old economy with all their entitlements to pay for when the air starts coming out of the balloon and the masses start calling for extortion.

>>11025762
I've made a fast reserach. That's what I've found:

- 10% premine. Anonymous single dev lied about it being locked in different wallets. All the premine is unlocked at a single wallet. He can literally dump it anytime, or move for whatever reason he wants.
- Doesn't changed the original CryptoNight PoW algo, and now, very few miners who own the remaining CryptoNight ASICs will have giant bags of it, since the emission curve is just in the start phase, and the block rewards are really big. Also, just one pool (miner.rocks) controls the network with more than 90% of global hash rate. The pool owner literally owns the entire network. It'll be possibly the most centralized privacy coin ever.
- It was closed source for a period between April and July, and during this time, the unknown dev made lots of changes and just released the binaries compiled by himself for the brainlets to run. He could have done literally anything, even inserted a secret premine, and the brainlets who follow this will never know.
- Github has no activity at all. Only the unknown single dev makes one or other commit ocasionally (and there's the complete lack of activity during the closed source phase).
- The single unknown dev implemented bulletproofs before the external audits were finished. He claims to have done a single "internal audit" by himself. Aparently, he's just an amateur, since any expert devs would not implement unaudited cryptography. Doing this in a privacy focused project is a giant tragedy, and a big red flag.

You're right. It's certainly the future.
kek

>>11025991
kek

>>11024716
The need for a trusted setup destroys the entire concept

>>11025991
Yeah, it's a scam. I wish every serious thread about an actual privacy coin with real researchers contributing to the advancement of technology didn't devolve into a discussion about this joke of a coin.

>>11024703
Most people using Monero use online wallets since there's no offline wallets, and almost no country in the world allows to retroactively apply laws
Aside that, you're so much of a brainlet you can't fathom people using something that's not Windows

>>11026180
Web wallets*
Light wallets*

>>11025648
>monero.how
Thank you

>>11023702
In every country? Doubtful. Not to mention you can make trivial changes to the code and change the name. They would have to make cryptography and math illegal

>>11025919
how do you refute it then

Lads, was thinking of dropping a few hundred £ on an assortment of GPUs and flying out to my gf's grantparents farm in E. Europe and setting up a Monero rig controlled remotely from UK.

Electricity in their country is $0.09 compared to here where it is like $0.35 topkek.

Totally out of the loop with mining since the bullrun. Does it even matter what cards I slap together for XMR as long as hashrate is decent?

>>11026810

Also - should I just take the hit and buy new GPUs? I am scared used ones will have been overclocked to fuck by some NEET or zoomer on fortnite.

>>11026810
Doesn't matter explicitly, however AMD cards are cheaper and better. An Rx 580 should hash out 6-800 hash per card depending on memory overclock. Vega 56/ 64 cards pump out 1000-2000 hash, but setting everything remotely will be a pain in the ass so you'll have to test things before setting it up in the other country considering should hardware fail you can't access it right away. Good luck anon

>>11026810
You'll want to stick with AMD for Cryptonight mining. RX 580 and RX Vega will be the best performance per money especially when undervolted which you should do using a program like MSI Afterburner (really easy to do).

I would stick with new. Prices in the US aren't unreasonable finally, not sure about the UK. Used cards are usually fine but in the long run not worth the hassle since you'll be so far away you'd want to get some life out of the operation.

Side note - what kind of terms are you on with the grandparents? Are they cool with you setting up mining rigs? They can be loud and generate a fair amount of heat once you start strapping 2, 3, 4 cards together. That's a great price on electricity though.

>>11026837
I wouldn't worry about buying used plus you can see the cards clock speeds in msi afterburner. Just make sure you do your research before even buying any hardware. It's rather risky if you don't know what you're doing

>>11026879

Thanks lad

>>11026891

Prices in UK are pretty shit compared to USA on the whole. RX 580s going for £200 - £240 (around $300).

Also they would be cool, they have a huge fucking farm with multiple out buildings, unlike the cucksheds in the UK. If anything the heat would help - they live in the Baltic region.

Gf's bro lives over there still and is good with computers so I could give him a cut of profit for being onsite help if required. Probably going to marry this bitch so we are all on close terms - no trust issues.

>>11026966
>RX 580s going for £200 - £240 (around $300).
I'd kill for those prices lol, in Canada I'm paying just under 400 cad for a 580

>>11023629
You forgot that the most anonymous thing on this planet are cold Gold bars or stockpiles of Cash, so why the govs dont ban gold or Cash?

>>11027235
Well, the US government actually did ban the hoarding of gold coins and bars for a pretty long stretch of time a few decades ago. Now that we're off the gold standard it's not really a concern of theirs. Also, US fiat cash is probably not as fungible as you think it is these days but it still needs to exist to accomodate all of the everday transactions that occur throughout the country. I bet that within the next few decades that cash will become much more rare as a payment method with everything going the way of debit and credit.

>>11023722
This, you can use monero to day to anonymize your bitcoin - and that's how it should be done.

>>11023629
BCH will eventually be able to do everything XMR can, but better.

>cue the blockstreamers

>>11023722
>>11027672
>>11028479
Optional privacy is a meme. See my post above. It will always be inferior to Monero for pure privacy purposes. If you want to make a scaling argument so that we can start talking about a crypto for the masses' everyday transcations, then fine, but let's not pretend like optionally private bitcoin optionally private bitcoin clones will ever hold a candle to Monero's level of privacy. It's not going to happen.

>>11028733
*optionallly private bitcoin OR optionally private bitcoin clones

>>11028733
Monero subredit is the one that gets cryptography phd's doing their doctorate on the coin cryptography and not the other way around.. just felt like adding it - because I've digged a lot.

Also dude, your post made me jump over 1000 tabs.. I have to go to a journey.

>>11028733
if XMR was private by default, why can nodes so easily expose every user who is running a wallet's IP address? shouldn't they have used TOR?

>>11023702
Lmao

>>11024384
WTF make sure you think libertarians were ever NOT pro-capitalist? You are truly an idiot.