/biz/ - Business & Finance

The hairs on my back are standing up

The hairs on the back of my neck are standing up

>>20047446
"I think that the only effective defense against the coming surveillance dystopia is one where you take steps yourself to safeguard your privacy, because there's no incentive for self-restraint by the people that have the capacity to intercept everything. A historical analogy could be how people learned that they should wash their hands. That required the germ theory of disease to be established and then popularized, and for paranoia to be instilled about the spread of disease via invisible stuff on your hands that you can't see, just as you can't see mass interception. Once there was enough understanding, soap manufacturers produced products that people consumed to relieve their fear. It's necessary to instill fear in people so they understand the problem before they will create enough demand to solve the problem." -
"Creating an electronic currency is a big deal precisely because control over the medium of exchange is one of the three ingredients of a state." "If you take away the state's monopoly over the means of economic interaction, then you take away one of the three principal ingredients of a state. In the model of the state as a mafia, where the state is a protection racket, the state shakes people down for money in every possible way. Controlling currency flows is important for revenue-raising by the state, but it is also important for simply controlling what people do- incentivizing one thing, disincentivizing another thing, completely banning a certain activity, or an organization, or interactions between organizations." "Government regulation has made particular financial players kings and doesn't allow other market entrants. Economic freedom has been impinged by an elite group that is able to influence both regulation and the principles involved in these banks."

>>20047446
https://www.zerohedge.com/crypto/cbdc-overarching-goal-behind-digitisation-money
https://www.zerohedge.com/markets/italy-outlines-ten-criteria-central-bank-digital-currency
https://asia.nikkei.com/Spotlight/Comment/China-takes-battle-for-cryptocurrency-hegemony-to-new-stage
https://finance.yahoo.com/news/digital-dollar-real-financial-inclusion-192508257.html
Central banks want to digitalize money, do away with cash, and achieve total financial surveillance.

Daily reminder that Monero will dominate in the coming years.
XMR is the cash of crypto.

Unfortunately most people here are looking for pump and dumps.

But maybe a few non-coomers will see the value in longterm assett appreciation

>>20047483
This really doesn't mean much

>>20047718
It shows that the transactions number are approaching those of BTC when it started it's exponential growth ;)

>>20047718
You don’t think it means much that XMR is actually being used and is growing?

If anyone is writing about Monero, PM me here - 3hspjz

>>20047483
Well aint that something
Demand is rising
And picrelated means theres less and less supply
Whats that mean???

>>20047446
Someone shill me some use cases for this coin. I want to believe but all I’ve seen it do is bleed sats for years

>>20047665
USDC is the cash of crypto and once venmo starts to allow crypto buying and trading you're going to see normies trading it 1:1 because it's easier that way.

>>20049538
Can you easily track cash transactions?
No.
Cash is inherently fungible. USDC is not. Monero is.

>>20049308
It’s privacy against dragnet surveillance. Protect men from divorce rape. Allows individuals to donate to people/organizations that engage in wrong think. Prevents discrimination. Prevents someone from charging you more / less based on how much you have in your wallet. Avoids taxes. Fights against oppressive government. Decentralized, fungible, digits cash with a known inflation and a asic resistant culture.

>>20049583
It's not about what you can and can't track. It's about convenience for normies. If they can load up $100 in USDC to venmo and then trade it around for no transaction fee, they will. It's literally what venmo is anyway. Do you even have friends anon? Everyone uses venmo to pay each other.

>>20049644
Yeah everyone uses Venmo so why would they exchange money to crypto?
And you are wrong. It IS about what is tracked. There are so many use cases for actual private, decentralized, fungible cash. Go look into adoption on the dark net or just keep your head in the sand.

>>20049644
I don't live in a country where venmo is popular.
>do YoU haVE fRiends
USDC will make it very easy to track everyone.

>>20049308
Deepweb markets, kidnap ransoms, trojan cpu miners, tax evasion for millionaires and international transactions for sanctioned states (ie Russia, Venezuela, North Korea..)

>>20049697
Because venmo is going to offer it. Jesus durde, this isn't hard to understand. I'm not shilling USDC or anything, I'm telling you exactly what's going to happen. Venmo has nothing to do with he darknet you autist. What part of normies don't you get? I'm not talking about people like you and I, I'm talking about Brad who buys lunch for Tim and instead of paying him back .0000000000000102473726929473 bitcoin or .55040392827472 chain link or .000000018282737362919 Monero, he will just pay him 6 USDC. You need to get off the computer and join the real world. It will he about convenience, plane and simple. Just like paying with your phone.
>>20049725
>I don't live in a country where venmo is popular
Great, that has nothing to do with our conversation as you probably won't be using venmo. Thanks for your useless input. Glad the US has given you a forum to voice your opinion even if your opinion has nothing to do with the subject.

once Monero gets on lightning network I am very excited to see its integration onto Stakenet DEX.

>>20049875
>because venmo is going to offer it
that makes no sense. they will just continue offering their service. why use usdc when they can just use usd?
>Venmo has nothing to do with he darknet you autist. What part of normies don't you get?
what part of usecase don't you understand you autist. Are you the retard that was in here the other day that didn't comprehend what an escrow payment was?
>.0000000000000102473726929473 bitcoin or .55040392827472 chain link or .000000018282737362919 Monero, he will just pay him 6 USDC. You need to get off the computer and join the real world. It will he about convenience, plane and simple. Just like paying with your phone.
Man if only there was a way to convert monero to dollars hmmmmmm.
And please, go on and ignore all the other usecases we have been listing.

>>20050034
Use cases like adopting third worlders on the dark web. Yeah, I'm sure your average person is going to use that once a week. Enjoy your coin, make sure you put this thread up again in a year after venmo rolls it out so I can come in here and laugh at you idiots for literally being a year slower than me.

You all deserve to know that ETH and XMR are the only two crypto projects that matter and that corecuck BTC is complete and total trash.

>>20050118
Your logic makes no sense. Venmo already works successfully, so why would it adopt a usdc token? It’d be a token for the sake of having a token. People use Venmo because it works as a debt card. However that doesn’t work out in the long run due to surveillance and the erosion of fiat over time (unless you’re actually arguing that holding fiat in the long term is a smart idea. Which would be amusing to say the least).
I also find it funny that you think dark net adoption is a bad thing. It’s how bitcoin got started you idiot. Look where bitcoin is now.
And what would being a “year slower” even dictate? Dollars don’t appreciate in value over time.

>>20049631
this coin deserves a higher price with use cases like this

>>20051423
The funny thing is those use cases were initially applied to Bitcoin before chain analysis became a thing.
>>20050203
I disagree. I don't think Bitcoin is going away anytime soon and they are still making some innovations. For example, Dandelion ++ was originally created for Bitcoin but then Monero just took the research and put it into Monero while Bitcoin just continued existing without getting anything done (they still haven't implemented Dandelion). In my opinion, Bitcoin may in the short term hit 100k at the next bull run, but it is going to slowly lose it's userbase to Monero over time as the aforementioned usecases come to fruition. It is possible Bitcoin will always be on top just because of the network effect, but Monero will ultimately become the ultimate anti-fiat hedge (and especially from a privacy standpoint).

>>20048265
it means if you don't have 10 monero or more you're be suicidal in about 1-3 years

I just bought another [unknown amount]

>>20051423
People are too brain dead to understand privacy.

They'll eventually understand, but by then hodlers will have amassed a fortune.
Just like bitcoin.

>>20047665
comfy af

>>20047446
>The day is July 24 2020. You wake up as the sun starts to rise. You don't need an alarm anymore. Two naked women lie beside you. You don't recognize the second one. She must be a friend of your girlfriend. You really need to lay off the cocaine. You're starting to get sloppy.

>You check your blockfolio, the value of pivvr increased by 5x while you slept, the new hype Wasape was talking about must have been better than expected. You think back to a month ago. You only bought 1 eth in the presale but when pivvr hit 100x you suddenly had 100 eth.

>You were very tempted to sell at 5x,10x,20x but you forced yourself to hold. You sat on your hands. It was even harder to hold when bitcoin did 20x hitting 200k each, but you told yourself that this is your last chance. You thought about how much you would hate yourself if you sold too early.

>Finally when you had $2m in ether you sold half. You couldn't resist any longer. Now you hate yourself for it. If you would have waited that $2m would be $10m by now, and you use a lot of cocaine and ketamine to distract yourself from the fact that you could have bought a yacht if you just waited a little longer.

>You push the new girl aside so you have more room to stretch and she yipes and shrinks away. You look around the room for the drug plate and do a line of ketamine mixed with cocaine. It's OK you tell yourself, $2m is a lot. But inside, you are screaming.

>But you will eventually get over it and stop using drugs. After all, it was only one eth.

https disc ord gg Qh xY qRt

>>20054788

Get out of here with your scam coins.

>>20054788
go clean some shit from your street sanjay.

>>20054788
Poo in the loo

>>20054716
monero chads rise up

bump

Poorfag here, I have been dollar cost averaging every month for a year and up to 6 XMR. This is the only holding I have where I am completely confident that it will pay off over the long term. I know I am not going to 'make it', but it is going to make a significant improvement to my life. Happy days!

>>20058954
Based anon. Just keep in mind that you hold and unknown amount of xmr.
Dca is the way to go however. For all we know the market will dip significantly next month and we can fill our bags even more.

XMR easily goes to $1k next bull run.

>>20058954
nice stack anon

>>20059005
>>20059695

I can't believe there is a wholesome thread in /biz/. Thanks anons!

>>20060275
Let me bring you back to 4chan
Parts of dem cities now have armed antifa killing children
Those dem cities are ruled by dem politicians who are owned by first the trial lawyers and second the bankers

I can only hope open violence comes more quickly
Once the us realizes that their fiat is directly funding the dem banking apparatus, anything that destroys the non gold backed us dollar is a net positive for society

Publicly i would encourage every biztard to verbally support antifa, blm and every other insane parasitic ideology
The quicker they declare an open race war the faster those of us prepared can expel these parasites from the world
And we will never make the mistake of a fake (((currency))) again
Never. Again.

>>20047446
Just use dash, anyone saying either is more secure than the other has no idea how crypto works. I say dash because there is also an option for quick payment, making it versatile.

Recent US legal decision on blockchain privacy:

"He based his motion to suppress that evidence on the Fourth Amendment's prohibition of unreasonable search and seizure. He argued the government had violated his reasonable expectation of privacy in analyzing his Coinbase and on-chain transactions because it was done without a warrant.
But the court effectively found that agents did not need a warrant to search those records. The court said the public nature of bitcoin's permissionless blockchain undercuts any user's claims to a reasonable expectation of privacy."

https://www.coindesk.com/us-appeals-court-allows-warrantless-search-of-blockchain-exchange-data

>>20061448
These are going to become more and more common. Bitcoin is a surveillance coin
>>20061353
How are those bags feeling? Your coin is not fungible. Go shill somewhere else.

>>20047446
any historychads know of any civilization that didnt print their own fiat? were roman coins worth the metal they were minted on? if xmr suceeded it would be the end of usury which i dont think the world has ever seen before? what the fuck is that going to look like lmao

>>20047711
Checked. I’m interested. I mined Darkcoin back in 2014. Thought the concept was really cool before my lack of attention span caused me to drop crypto (biggest mistake).

Anyway, I’m back into crypto and I’ve seen how “centralizing” PoW can become and I’m liking coins pushing PoS. Is Monero PoW?

>>20061858
POS is even more centralizing than POW.

Exchanges will be large users of POS to gain income on deposits.

Not to mention, many people who want to stake will most likely use a staking service that requires KYC. These services are likely to collude or take orders from the government on which blocks will propagate.

Monero uses randomx for POW. It is the most decentralized POW available. All ASICs and GPUs we're kicked of the network. Commodity hardware (CPUs) are now used to support the monero network.