/biz/ - Business & Finance

monero also has massive marketing potential, but also the danger of being the first illegal crypto in all countries

>>13738301
Do dark markets use it? Speaking of which didn't they all get nuked recently?

>>13738301
Monero is not good

Defeats the purpose of a blockchain

>>13738301
Monero is an obvious hold for high IQ individuals but people on /biz/ hate it because they either don't understand it or because it's a threat to whatever shitcoin they're invested in. Case in point: >>13738358

>>13738358

Lol wut

>>13738388
checked and high IQ pilled

>>13738388
No I'm talking about BSV

I don't care about a pizza coin have fun with that

I would I use this when I can use whirlpool on btc in a few weeks?

>>13738388
This

Monero anti-shills in a nutshell

>>13738353

Dark markets have been decimated in the last couple of years. Even so, it was like 97% BTC. Monerjuo wallet has a xmr.to service which allows you to convert XMR to BTC when you transact so a lot of people were actually using XMR instead of mixing BTC which takes time, costs money and you are taking risk. In addition to transactions, I think the bigger use case is a crypto Swiss Bank account of sorts to hide your money.

>>13738344

I think at the very least Monero ends up getting banned in exchanges at some point. This might make it take a huge hit in price but eventually it'll only add to it's legitimacy.

I think a lot of Monero adoption will come down to how much people will interact with crypto directly. The general consensus is that crypto is too technical for the normie. But things change in a generation. I am an old fag and I remember teaching people to point and click to open up Windows and browser the internet, upload pictures, etc. It was painful. I also travelled to 3rd world countries where my dad said they'll never use cell phones because they don't have the infrastructure and people are too stupid. Now poor kids all over the world are running smartphones or poor fags are eliminating the middleman in poor countries just using cellphones. Even if mainstream adoption doesn't come, all it takes is a small percentage of technically literate people to realize the value of a digital Swiss bank account -- and I think that will happen.

>>13738516
If that dire quality of "girl" is what monero hodlers choose then im out.

>>13738301
KMD will provide atomic swaps

>>13738516

Dark markets are alive and well, and many of them use Monero. Probably at least 30-50%. Check out dark.fail sometime

>>13738557

Thanks Anon. I really haven't used the markets the last couple of years. Used AlphaBay in 2015 and 2016. Then Dream in 2017. Nothing really since then. Those were huge and even when XMR was supported it was mostly Bitcoin. But I saw a big change in vendors accepting XMR in Dream compared to AlphaBay until they removed XMR.

I am familiar with some of these and the avengers forum. I'll check them out.

>>13738623

Empire market is the current go-to, they are excellent with their support of XMR. From what I hear at least

>>13738623
>pawg
photoshopped ass white girl?

>>13738353
no they dont 93% btc 6% ltc 1%rest including KING OF PRIVACY MONERO

kek

Lots of used to bes in this market op monero will keep going down

Stay away from this coin. Does nothing but bleed in sats because there are backwoods all over the place. Buy if you want to lose money and potentially be arrested

>>13738353
Monero is actually being used by darkweb users. Niggers just prefer BTC because its the main crypto.

>>13738717
>>13738776

EVERYTHING has bled sats and lost value in ratio to Bitcoin. If you look at the June 2017 BTC was $2,500, ETH was $370, XRP was $0.30, LTC was $46, XMR was $49, DASH as $190, IOTA was $0.40, ZCASH was $376, etc..... Hell LTC was $50 in 2013.

Once a coin rises and gains value, it generally bleeds to eternity against BTC unless it can show actual value and utility. You hold coins like ETH and XMR because long term, you are speculating that there actual utility and a use case for it.

>>13738516
dark markets went down exactly likely BECAUSE they used btc and not monero.

Isn't Monero the only coin that's "anonymous?" If I had more money I'd be accumulating this and LINK.

>>13738388

2k by 2021

Fuck chink shitcoins, fuck ethereum and fuck BSV

Monero is one of the only coins that I think has a legitimate usecase but I don't see why its value would go up significantly. Its main purpose is to perform illegal transactions on the darkweb, it'll never see mainstream adoption. The average person barely has a need for crypto and an even lower need for privacy crypto.

I bought Monero so I can get free drugs

Let me explain: it already hit like $500 and its low af rn. So I put in $1000 a few days ago and I was gonna buy some free weed when it hits $1000.

Just because I use drugs doesn't make me a retard I know math

>>13738976
That makes it a good hold for funds though.

>>13738998
Like it was already half way there! It's hitting $1000

Theres people rn who mined this shit and can get FREE DRUGS!!!!!!!!!!!!

Dont miss out. I'm telling you...you're gonna feel like a retard

>>13738976

READ this whole article and replace Monero with Bitcoin

> Thirty years ago, we had several means of making transactions anonymously, without governments knowing about therm. For small sums, cash was almost completely anonymous, although numbered bills always gave police departments the chance to trace transactions in large criminal cases. For larger amounts, there were a wide range of banking jurisdictions offering anonymity and complete respectability to those seeking a safe bolt-hole for their cash ...

> This was no doubt convenient for Third World dictators, terrorists and the international Mafia, but it is also essential for ordinary citizens, for one very good reason: governments cannot be trusted. They always seek to expand their control and income, and they will generally give way to temptation if it is presented to them, even fleetingly. The extreme example, of course, is that of the Jewish inhabitants of inter-war Germany who had the foresight to hold a Swiss bank account; if they were able to escape when the Nazis came to power, as many were, their Swiss bank accounts were essential to being able to re-start their lives in a safe country.

> Yes, those unfortunates who did not manage to escape and did not tell their non-German families about the Swiss bank account provided an unexpected bonus for the Swiss banks, but contrary to public hysteria when this was revealed; this did not make the Swiss banks collaborators with the Nazis. It made them diligent service providers whose diligence could not solve all their clients’ problems, just the financial ones. But against governments less insane than the Third Reich, financial defenses are often the ones you need most.

https://www.tbwns.com/2017/07/17/bears-lair-coming-crypto-currency-bonanza/

>>13738516
it's already banned in Japan.. I should have sold right after that but at least I got mostly into eth instead

>>13738899

Wtf is this shit hahahah.

No btc mixers working as intended they went down because some retards left they fb profiles all over it kek

>>13739091
>it's already banned in Japan
True. https://oracletimes.com/japans-coincheck-removes-monero-and-other-privacy-coins-on-fsa-ban/
Still active in Korea, though. Nonetheless, decentralized exchanges with atomic swaps are the future. There are some that support Monero like OpenLedger

>>13738301
What is the best monero wallet? Looking to get my stack off Poloniex and my ledger doesn't support XMR

>>13739003
>>13739078
The thing is that I, and most people, are looking to increase capital, not secure it.

Right now, Monero works as intended (I assume). Most coins are enticing because they aren't "finished" yet and people believe that when they're finished then the price will boost dramatically. But Monero is "finished" and its price is what it is.

If you’re based, your top two holdings are
1) BTC
2) XMR

>>13739621
And this is how you lose it all folks

>>13738301
The problem with Monero is that it is too good - will never be accepted by the kosher monopolies and that it has no infrastructure like Dash, no atms, no fast food acceptance in venezuela etc

I hold both, btw, but mainly Litecoin.

>>13738640
any onion links?

>>13739362
there's mymonero for newbs, or if you download the monero gui it's a wallet and miner all in one

>>13738344

>illegal crypto
>illegal
>crypto

Fucking hell I am surrounded by absolute new-fucking-fags.

>>13738557
is greenroad compromised?

>>13740069
if all exchanges refuse to trade it, and the gov makes all transactions with it outlawed, it does become "illegal"

>>13738301
monero has no future because of Ernst & Young's Nightfall and EIP 1829

>>13738776
This is the special kind of /biz/let I was referring to. I know you meant to write "backdoors" but Monero has zero backdoors because it's completely trustless and open source. Don't believe me? Just check the code. Monero requires you to trust nobody which is precisely why it works. I can't believe I have to explain this shit. Monero will bleed in sats until it doesn't.
>>13739112
BTC mixing is fucking bullshit. Any serious chain analysis group that's motivated enough will be able to break a centralized mixing service.
>>13740109
The reason bitcoin boomed in the first place was because it was thought to hold value as a means of exchange as a form of digital cash, not because it was friendly for regulators. It just so happens bitcoin isn't really private.
>>13740120
Trusted setup garbage.

>>13740965
>Trusted setup garbage.
it's not a problem because of multi party generation.
Monero anonymity is horrible, only zk-snarks truly work.
Even worse, monero can be deanonymized completely by quantum computers, while zk-snark anonymity constructions are inherently resistant to that.

>>13738388
100x this

>>13738538
the eyes are a cool novelty desu

>>13741510
They're literally fake.

Bitcoin is haram, anon. You will never see your 72 virgins this way.

>>13738884
>You hold coins like ETH and XMR because long term, you are speculating that there actual utility and a use case for it.

there's more utility and use cases for ETH than XMR.

>>13739166
>banning crypto

>>13740965
dont talk w zcash shills even peter todd said theres no MPC trusted setup proof and zooko tweet literally is kys.png

XMR will never be used by anyone but cybercriminals (this excludes deepweb), people on deepweb are just normie npcs that read or watch some 10min tutorial and buy off coinbase then send $10-50 to themselves and dont even use PGP, their brains are just too dumb to figure even how BTC works, let alone figuring how XMR works. sorry but this coins entire market value is determined by russian mafia and cybercriminal kingpins. if you are not in either of those grps u have no need for XMR.

STOP TALKING ABOUT XMR TILL 2021 PLS

>>13740965
You sir are a fucking moron. There is secrete code that in placed into the viewable code which fluffy pony and co released. Also I don’t want to have the FBI knocking at my door for buying a terrorist coin with USD

>>13738344
Lol, like drugs? Loooooooool!!!

They'd have to eliminate all cash and precious metals.

>>13742203
t. brainlet

>>13742354
>not realizing ((they)) released this to trick you into thinking it is private
kys moron, there are backdoors all over the place and anyone with any sort of sense understands this

>>13742203
>secrete code that in placed into the viewable code
Secret code in an algorithm?

>>13739362
Guarda supports it

>>13742452
shhhhhhh

>>13740988
>it's not a problem because of multi party generation.
>Just trust the parties, bro.
No. zk-snarks space math is way more vulnerable than Monero's cryptography which has been around for decades and has proven itself over time to be a reliable form of zero knowledge proofs. It's much more likely that zk-snarks have some fundamental flaw (other than the trusted setup) that could be discovered in the future than quantum computers unraveling Monero's encryption in our fucking lifetimes. If you're worried about quantum computers breaking Monero get back to me in 400 years. Also, the optional privacy on coins like Zcash leave themselves vulnerable to temporal analysis because so few people use ztransactions that when they are made they stick out like a sore thumb.
>>13741858
>dont talk w zcash shills
I know. I should know better.
>sorry but this coins entire market value is determined by russian mafia and cybercriminal kingpins.
This is why I'm bullish on it.
>>13742203
>There is secrete code that in placed into the viewable code which fluffy pony and co released.
Take your meds.

>>13742771
too bad xmr has no reason to increase in value. you wash your coins with it and thats it.

>>13742904
People said the same EXACT thing about bitcoin years ago.
>you just use it to wash your cash
Speculators gonna speculate.

>>13742378
Nice FUD, brainlet.