/biz/ - Business & Finance

>>14894635
Based & BitGold-pilled

>>14894635
This is huge.

https://www.youtube.com/watch?v=LdvQTwjVmrE&t=1697s

Nick know nothing about BTC sorry.

>>14894816
What is that bold assumption based on?

>It's better FOR PRIVACY than Bitcoin
>FOR PRIVACY

>>14894635
>I encourage people to use it
He may mean to use it in tandem with btc to maintain fungibility? I could see xmr always existing as a sort of perpetual fog through which btc can be washed when it is transferred? Or maybe btc is the base layer of value and something like xmr is used as actual currency for smaller transactions. It could still have a high value even in this case. Do you guys really think xmr dominance is a probable future outcome?

>>14894881
I like XMR, but everyone needs to agree that its all pro/cons....there is no "crypto A is better in all cases"
The downside of XMR is the 'privacy' also means the network if very opaque, thus its possible a bad actor can counterfeit coins and it would be very difficult to determine that.
This is opposed to BTC which is totally transparent, thus much higher trust.

Who cares? It will be worthless when banned

>>14894896
Why would you not just always use Monero then? There’s no need for Bitcoin.

>>14894908
>thus its possible a bad actor can counterfeit coins and it would be very difficult to determine that.
You don't know what you're talking about. It's actually very easy to tell with monero.

>>14894922
Why would it be banned? You'd have to ban all crypto, then. Including bitcoin.

>>14894635
Why should I care what some literally who thinks on twitter?

>>14894974
>Why would it be banned?
Ask Japan

>>14894816
Sorry you got tricked into being a BTC maximalists by rich chads. They had you pump their coin while they loaded up on the good alts. Looks like you are gonna get stuck holding the bag again lmao.

>>14895005
Japanese are obsessed with formality, it's a cultural thing. They just deemed it too "informal". Hardly the case with other nations. If shits hits the fan, it's like all of crypto will take a toll. Because BTC etc. can be used in an untraceable way too.

>>14895073
>Because BTC etc. can be used in an untraceable way too
Nothing like monero.

>>14894947
How can a coin both hide balances + ensure transparency of balances?

>>14895105
Yeah, it's more cumbersome, it involves third parties, but still doable, and still being done. Which means the Japanese were not being particularly rational because they'd have to ban it all.

Bitcoin itself was not intended to be government-compliant in the first place. The fact that it's accepted as granted by the powers that be is an achievement rather than a favor. The same can be pushed for more private solutions.

>>14895170
I said it's easy to tell when a bad actor counterfeits coins

>>14895178
Bitcoin is accepted because it's traceable. Anything that can be used for money laundering will not be accepted. They're already cracking down on this

>>14895197
Wrong. Monero is cash. From the FinCEN guidance:

>Section 4.5.3 states that exchanges are not per se banned from using privacy-preserving cryptocurrencies but will need to comply with the same BSA regulations they comply with for typical cryptocurrencies. We believe that this is possible. Exchanges need to know their customers but they do not have a black letter law requirement to know the customers of their customers. In other words, a bank needs to know who you are but they are not obligated to know the name and address of people that you pay using cash you withdraw from your account.

https://coincenter.org/entry/fincen-s-new-cryptocurrency-guidance-matches-coin-center-recommendations

>>14895197
>I said it's easy to tell when a bad actor counterfeits coins
Wall street would absolutely prefer if btc also had hidden balances because then they could rehypothecate it to death exactly like they do to GLD and related....and this is the point. Hidden balances lend themselves to counterfeiting.

>>14895197
Bitcoin's traceability is limited. You cannot link addresses to real identities unless the funds come from a KYC-verified exchange account, which is not guaranteed. This is definitely not compliant and is nothing like, say, banking transactions.

>>14895220
Why would you use monero through an exchange???

>>14895239
The monero supply is auditable mate

>>14895242
It's not guaranteed but I would bet it's a large percentage

>>14894975
he made bitcoin

>>14895264
Because I use Monero for legal purposes and I don’t care who knows I have it.

>>14895170
pederson commitments ensure that no coins are created out of thin air

>>14894926
Now you're getting it.

>>14895332
>pederson commitments
But the attack vector isn't really at the protocol level...its custodians being able to trivially 'frac reserve' reserves with no simply way to verify their holdings.

Reminder that szabo is one of the people who made up the consortium known as ‘satoshi’

>>14895369
You're missing the whole point of crypto dude, not your keys = not your coins. this is basic shit.

>>14895510
Your inventing an argument that was never said....the entire argument is "Everything has pros / cons...there is no perfect crypto"

So yes, XMR is great for privacy, but doesn't lend itself toward institutional store of value because of the opaqueness of the network.

Conversely, bitcoin is fairly bad for privacy but easily lends itself to easy store of value due to its transparency.

>>14895551
>Conversely, bitcoin is fairly bad for privacy but easily lends itself to easy store of value due to its transparency.

I would argue against that actually. Look at gold, the oldest store of value, its completely fungible (which is a core aspect of sound money), and yet still a massive store of value. Bitcoin, on the other hand is not fungible.

I believe were going to start moving away from wall street holding funds for us (like gold) and people are going to realize they need to hold the shit they own in their hands, and not on paper, or technically they don't own it. (like their keys) This has been a huge scam perpetuated by wall street and banks for years (technically its been happening since the inception of banks).

>>14894896
It's two different purposes. While XMR has opt in transparency, BTC is transparent by default. BTC is a much better option for a large payment like for a house, while XMR is great if you don't want to get raped on taxes for everything small or if you don't want to get messed up for fees when moving money across borders.

>>14895787
XMR is private by default, not opt in. You may be thinking of Zcash.

>>14894635
What ever happened to Dero shills? You couldn't even have an xmr thread without one of those fags in it before. Xmr is comfy as fuck for the record, third largest hold behind link and BTC.

Anyone have an idea what h/s i can get with these specs? Any ballpark estimate would be helpful

20 CPU's in total:
Eleven core 2 duo's (mac mini's)
Eight dual core i3/i5's (lenovo's)
One quad core i7 (xeon)

>>14896138
talking about RandomX btw

>>14896138
Join #monero-pools on IRC Freenode.

>>14896138
hey georgie

>>14896331
hey

Szabo is based, it is known

>>14894635
it's better for privacy, the fucking best actually. BTC is better for gains, it's gold. Crypto is many things not just private TX.
Szabo is Satoshi, he knows his shit about crypto

>>14896138
That's some pretty old hardware, nobody here will have the answers most likely. even on benchmark sites it may be hard to find that stuff. Your best bet would be to try and set up the hw on wownero, which is a fork of monero that has already implemented randomx, other than that I seriously doubt youre going to find your answers.

>>14896138
Thats all thrash, sell that stuff now and start stocking up on Ryzen 3xxxx cpus.

Ryzen 1700 and 2700 get 40 H/W and 50 H/W, Ryzen 3900 gets 80 H/W.

>>14894635
TOMMY DOESN'T KNOW
https://www.youtube.com/watch?v=YPmijD6jqHs&t=33

>>14894635
what happened to zabo bitgold yo

>>14895679
>Bitcoin, on the other hand is not fungible.
How is Bitcoin non fungible? 1 BTC = 1 BTC

>>14894896
you got a handle on where this is going.

>>14894926
This is narrow minded. Not every internet tX should be public or private. BTC has value in it's security, scarcity, supply schedule. We haven't had an asset that is so public and transparent, that is extremely valuable. All these other blockchains are living off BTC, some piggyback mine of BTC. They all will swap to BTC eventually they all will contribute to future BTC upgrades, right now they're bringing people to work in the industry BTC created.
We need choices, only idiots want their freedoms and liberties limited.
>>14894974
Governments would want to ban XMR if they knew what we know. I don't think they will but they could ban XMR and only privacy coins. >>14894975
That is Satoshi, son, shut your mouth.
>>14895059
Don't brag to BTC holders about losing money.
We all hold alts bro but you need mostly BTC to make real money, not a one time pump
>>14895239
smarter than biz

we need freedom in cchoices, why do you children try to limit us to your favorite? That's why you'll never make it.

>>14896707
Coins can be linked to criminal activity and become tainted. If you can distinguish 1 BTC from another then they are not fungible.

Convert these shitcoins into BTC.
In 2025, this is $1000 for two mins work.
You're fucking welcome!
https://coinbase.com
/earn/eos
/invite/prgkvfj9

1: Blockchain protocol for fast scalable transactions
2: Delegated proof of stake
3: Fast free transfers
4: Stake EOS tokens
5: Upgradable smart contracts

https://coinbase.com
/earn/xlm
/invite/sk8723f9

1: A decentralized protocol that unites the world's financial
infrastructure.
2: Facilitating low-cost, universal payments.
3: Transactions are fast, inexpensive, and global.
4: To issue, exchange, and transfer tokens quickly and efficiently.
5: It relies on the cooperation of trusted nodes to confirm transactions.

>>14896759
Yeah i'm good bro, I don't need CONbase gathering information on me

>>14896138
fucking garbage gtfo
buy a ryzen and trash that shit

>>14896747
you can mark dollars too. BTC is fungible by design

>>14896870

>>14894635
Ask him if he thinks it will come anywhere near flippening BTC, even using a thousand foot pole.