/biz/ - Business & Finance

updated transactions chart

can you make an prediction where monero will be the next 5 years for each year. hodling doesnt seem a good strategy. hodling btc and whenever monero is needed just swap it for it.

>>20144729
monero animoo girl is fucking hoooooooooot

pic related is the btc supply/inflation and the xmr/supply inflation. XMR will be more scarce for a few years to come. then it will be for the most part equally scarce during tail emission.

>>20144729
id pay her secretly via monero and fuck her

>>20144888
the thing about this argument is that you confirm that Monero has a unique use case (privacy). This use case will lead to Monero controlling the dark net within the next two years, and from there many other use cases will emerge.
Also, why isn't holding a good strategy? What was Monero's price 5 years ago?

I was thinking the other day about how Governments could best track Monero and then it hit me. The best thing Governments could do is tolerate its usage and set up KYC fiat gateways (honey pots) like Coinbase to buy/sell XMR. At the moment they are 100% in the dark as to the names and locations of people holding XMR. With fiat gateways opened up they would still be blind however the fiat gateway could work as the same way that a seeing eye dog does. They would start to be able to build a picture who is buying / selling Monero and using this data they could work from that as a starting point. Rather than just outright ban it, which could never work and would just end up the same way that the war on drugs did. I wouldn't be surprised to see an XMR coinbase listing in the near future. If it does appear It's probably a honey pot

>>20145110
you can use xmr completely compliant to any law you know, there are (one time)viewkeys and such. Either way the way xmr is designed and set up in this market it will become the store of value bitcoin wanted to be over time anyway.

>>20145110
>They would start to be able to build a picture who is buying / selling Monero and using this data they could work from that as a starting point.
Wrong. Once you transfer Monero off of an exchange the feds would have no way of knowing when you spend your monero, how much monero you spend, and where you send it to. This is one advantage Monero has over surveillance coins, because you can provide KYC info and have peace of mind knowing the feds can't track your Monero once you transfer it to your private wallet.
That being said, if the feds wanted to be aggressive they could go knocking on doors of every person who used KYC and purchased Monero, but that would be an insane waste of resources which would amount to nothing (i.e. they would need proof of illegal purchases and warrants...no chance of this happening unless you are a major target in an investigation).

0xMonero

I am new to crypto. But I love the idea of crypto. It's a shame I cannot buy 1 whole one just now. But hopefully some time in the future. I think I will go with 40/40/20 btc/monero/link ... the link and monero could change tho. Depending on the more I read and which one I lean more toward.

Sup frens

>>20144964

>>20146123
based. if you have any questions feel free to ask.

>>20146123
BTC ETH XMR LINK are good picks anon

>>20145210
> Compliant with the law?

You can't see the spend unless you release the Private Key.

If you send some amount to someone and send it back, the amount will be counted 2 times instead of one, because without the private key you can't deduce the amount spent.
(Enjoy your double taxes)

>>20146478
diude your an idiot. monero has view keys. also I'm not american, only the u.s.a has retarded crypto laws to make sure you hold dollars and stay poor/working due to inflation.

Really glad this has become a regular thread. If XMR takes off, govt taxation is at best voluntary.

>>20146478
Are you saying this applies even when using View keys?

>>20147180
no hes just dumb and doesn't know what a view key is, he thinks its a private key lmao.

>>20146478
>If you send some amount to someone and send it back
what?

>>20145249
But they will have a list of individuals that purchased Monero (adding them to a list of suspects). It serves as a dragnet. Monero listing in next two years. Screenshot this.

>>20146835
It will probably be a “show your view key to prove taxpayer status” in order to receive public services. Voluntold at best. It would still make living Inna Woods viable though.

>>20147419
why would they be suspects? There are literally 12k transactions every day. The feds have no means of tracking any of them.
>It serves as a dragnet
No, it protects against the already existing dragnet by creating a large anon set due to Monero's fungibility. Also Monero is already listed on Binance and Kraken, it's not like it is hard to get or anything.

>>20146181

>>20144729
>>20146181
ALRIGHT YOU FAGGOTS I'M HACKING ALL YOUR MONERO WALLETS RIGHT FUCKING NOW!!!
SOON YOU'LL BE AS EXPOSED AS YOUR SLUT OF A MASCOT!!

>>20147683
>>20147881
lewd...

>>20147881

>>20147908
tfw on semen retention , i don't know how many weeks in, more than 3 atleast. monero waifu looks hot and i dn't even like animoo.

>>20148192
Why are you doing that? You read something here that convinced you?

>>20148192

>>20148388
ive been doing it on and off for 5 years.
Life is better when you aren't a coomer.

>>20148463
>>20148388
>>20148388
im doing it cause it has many good effects for me. one of them is that I get more lucid dreams which is pretty nice also reality works in my favor when I don't spank the monkey. I also think about how it would be for ghosts and spirits to see a human beating his meat infront of a computer. or I imagine how disgusting it would be if I would see my dad or some other relative wanking infront of a computer screen. its absolutely pathetic.

So I'm celibate until my next gf.
I've also gotten a gf twice after a 2 or 3 month streak. it just has a good effect on everythign I do. if I wank I have less energy for other things. When I get an urge ( it happens when im sitting infront of a computer only ) I usually go outside and work in the garden or I workout or do something else and I can always go super hard at that thing then and make big gains. its nice. wanking keeps you dumb and enslaved. when I don't wank I go outside more.


the jews broadcast porn in palestine for a reason. people that wank are weak

>>20148761
>I can always go super hard
lol

>>20148761
That's pretty interesting anon
>I also think about how it would be for ghosts and spirits to see a human beating his meat infront of a computer.
Probably like seeing a human take a shit or do other bodily functions
>wanking keeps you dumb and enslaved. when I don't wank I go outside more.
Yeah, video porn occupies the mind way too much. I think 4chan's on to something about 2d>3d

So are your top 3 coins monero, iexec rlc, and digibyte? rlc the only one I don't hold right now.

>>20147180
Yes, a view key only enables you to scan the blockchain for transactions that have been sent to you.

>>20147282
You're the one who doesn't know what a view key is. It doesn't show spends, as the "idiot" was pointing out.

>>20146478
>You can't see the spend unless you release the Private Key.
Not true. If you want to enable an audit of your wallet, you would provide both your view key and a set of signed key images for each transaction you have received. The auditor would scan the blockchain using your view key and see all incoming transactions, which allows them to verify that you provided a full set of key images, and with that info they can reconstruct the wallet's full transaction history.

>>20147881
Go on..,

>>20149209
DGB and XMR are one of my favorites cause they are truly decentralized. RLC is the only ERC20 I have because its blockchain agnostic and a cloud/fog computing disruptor. Uhm I also like Komodo very much. I also hold some ADA, I used to hold a lot of ETH but I traded it for ADA now, I have some spare ETH left and just RLC as only ETH/ERC20 assets. I think ETH2.0 will take another year atleast and ADA is going to moon and take marketcap away from ETH. Also all the DEFI assets are taking marketcap away from ETh cause ER20s on ETH could be seen as ETH in a different jacket.

>>20149297
I understood that a view key was to show people what you have in case for whatever auditing/proofs and thats correct, I don't care about the technicals okay.

>>20150178
based fellow ADA/XMR chad
I also traded all my ETH for ADA

>>20149209
im trying to invest in different blockchain tech. I also speculate on NANO for DAG tech for example. I have quite a lot of assets. Most bought fairly low during the past bear. I'm doing pretty well here. XMR will always be my store of value / private bank though.


I figure that with the massive money printing in the world going on, the only thing you don't want to hold as person on "the bottom" ( not a rich investment group that gets printed money ) the best bet for you is to hold decent cryptocurrencies. Else you get robbed by inflation. Eventually the big players will also want in for the same reason.

>>20150389
don't want to hold fiat currencies* as relatively "not rich" guy

>>20146692

View Key only show the income transaction in the UTXO paradigm of Cryptonote, so if you send 1500 XMR to someone. And if that person send it back that same amount to you then you watch your account with the View Key it will appear that you 3000 XMR on your wallet.

And it the same for every Cryptonote coins.

>>20150524
look. it doesn't matter for me anyway I do not live in the U.S.A where people are cucked by the state. But thanks for the information and sorry for le calling you an idiot.

>>20149297
It gonna to be fun when an official will ask the view key... And where am I suppose to find the full set of key images?

>>20150524
How would that person send it back to you? They would have to know your address. I’m not even sure I understand the real world implications of this happening as well, in that it would require someone sending a large amount of xmr to someone and then that other party sending them right back?
And while true that it effects your balance this can be easily shown when audited with transaction ids. It also depends on what country you are in.
The bottom line however is you can prove transactions happened, and this goes against the idea that your balance can’t be audited.

0xMR

>>20150693
scamjeets btfo.

>>20150671
Same place they got the view key? They'll say "You're being audited, give us your view key and key images or you'll be fined/imprisoned", and you'll give them to them.

>>20150771
ok but...

Where can I find those keys ? I don't see anything in the wallet about it.

>>20150178
>>20150228
Why ADA? Everytime I've checked ada it seems like a scam. It looks behind eth on development, hoskinson doesn't do anything, and it's an overly academic rather than practical project... what do you think about it?
>>20150389
Do you think nano will work with voluntary node runners at many tps?

>>20150683

Send to an exchange or friend then send it back... Jesus.

>>20150859
"export_key_images <file>" in the official CLI. I'm not sure if there's an option in the GUI or other wallets.

>>20150949

Thank you.

>>20150870
>seems like a scam.
Dude Cardano is one of the most legit projects in existence, Charles Hoskinson was one of the most important lead developers of Ethereum. It's development is lightyears ahead of ETH 2.0 and Coinbase are going to allow staking in August. I'm not even shilling it because I want to make money, I'm in it because I genuinely have a hatred of Ethereum I hate the way it's run and how slow and broken it is. I will put my money where my mouth is and vote with my wallet.

I don't really want to derail the XMR discussion with Cardano but I thought I would add my opinion seeing as you asked.
Monero is still my largest holding and is my main project that I'm focused on accumulating, using and holding.

>>20150870
I thought ada was a scam too but they are bringing out the tech that vitalik has wet dreams about right now. so I switched. it was a whitepaper project for many years though, Hodskinson left ETH to build cardano with a better base. ETH is having trouble because the base sucks. Cardano will be able to run cryptokitties by end of year if they stick to roadmap. and until now they are right on track for everything. they prepared for 4 years.

>>20150949
>>20151325
Do you think this tech is legit? I ask because there are many blockchains that claim over 1000 tps and other promises, some that don't actually get that.
>>20150949
So you're saying it's easy to quickly grab key images for every transaction. These could be imported in a different software for analysis...?

>>20151413
Yeah. You don't even need another piece of software, you can run "import_key_images" in a view-only wallet.

>>20151413
Yeah the tech is legit, look into Hydra

>>20151413
I do believe the tech is legit cause they got not one whitepaper but like 20 and its all mathematically calculated and researched. I mean the fact that Hodginson left ETH to start his own project because he saw early that ETH was not going to scale... should be enough. Atleast it is for me. I'm pretty sure they will get 1000tps. theres plenty of coins that can get 1000tps now.

DGB has an BTC based chain and has 1060tps right now ( 15 sec blocktimes , 2mb blocks + segwit )

Nano has shown tests recently hitting 1000tps with DAG tech, under second fully confirmed

Why would ADA with their years of research before starting not hit atleast 1000 tps?

>>20151783
Ok I will thanks
>>20151835
Interesting. DGB might even start using RandomX as one of their algos.

>>20152384
RandomX is pretty awesum. Genius development coming from the xmr camp.

>>20151783
>>20151835
Cardano, despite not actually having any working product, is currently valued at a 3.2 billion dollar market cap. THREE POINT TWO BILLION DOLLARS.
Even if you think this isn't a scam, you have to be honest and see this for being absurdly overvalued.
I'm not a big fan of smart contracts because I don't think they have utility yet and it is highly speculative, but something like Cardano could possibly come in and steal a lot of the developers from Ethereum and become a big player. That said, Ethereum has a massive network effect advantage and a huge head start. We talk every day in these generals about how Bitcoin is slow and horrible at privacy but that has hardly changed anything despite Monero's superior use case. We are now only just starting to win, and it's taken years of shilling to Dark Net users to switch to Monero. People are going to stick with whatever dinosaur they can unless an unavoidable emerging usecase comes along. Cardano offers no utility that Ethereum doesn't already offer instead of supposedly being faster. Cardano at this point is all vaporware and whitepapers. None of that means anything when it comes to a working product.
>>20151227
>Dude Cardano is one of the most legit projects in existence
Oh come the fuck on with that hyperbole.

>>20152836
yes so ? Link has a 5billion+ marketcap and its just a token on ETH.

>>20152836
also you haven't really understood. Charles hodgskindude ( founder of cardano ) also co founded ETH. and the left a year after ETH was build to create Cardano. You see? I don't think its just empty promises. and many other people seem to also not think that. either way the growth potential for cardano is just bigger than taht of ETH. and if ETH doesn't come out with ETH2.0 this year, Cardano is going to snoop a lot of marketcap from eth. its already happening.

>>20152836
It's built upon peer reviewed research and it will just work. Theres no other project in the entire crypto space I hate more than Ethereum which has no use case outside of trading curry tokens and imaginary cats, It's also completely congested and broken. And like I said I'll vote with my wallet, the writings pretty much on the wall for Ethereum at this point and I personally think it's a Blockchain Blackberry. It will suffer the same fate for being old, slow and stubborn to adapt to a rapidly changing market. This conversation is only really starting to take off again and I'm seeing the battle of Ethereum vs Cardano on every crypto discussion page and youtube channel.

How can you say Cardano isn't legitimate? Saying Cardano isn't legitimate is like saying Ethereum isn't.. Whilst I don't like Ethereum and hate everything about it I wouldn't go as far as calling it a scam just because I don't believe in what they are doing.

>>20153210
I have a feeling BTC is going to pump and ada will dump a good 10pct in the cmoing next week though.

>>20152868
Link is also a scam because they haven't solved the oracle problem.
>>20152929
I know about Cardano's origins and who Charles is (and fwiw, his contributions to Ethereum are disputed based on what you think he did..). But I don't see how Cardano won't just end up being a Tron/Eos/Tezos. White papers don't really mean anything. You need adoption and an excited userbase.
If they have a working product that devs are flocking to I will change my tune, but I don't see it unless Ethereum really shits the bed, and/or another random chain doesn't succeed. Way too much of a risk.
>>20153210
>and it will just work
Sounds to me like you are strung out on hopium. Yeah you can have research papers but to act like they won't be patching bugs and struggling to convince people to come to their network and learn a new programming language is naive.
>How can you say Cardano isn't legitimate?
Zero smart contracts. 3.2 billion dollars. ICO pump. Centralized foundation. Staking to entice people to buy in (pyramid scheme). No developers outside of several african nations. No current utility. People only ever talk about it when the price pumps.

>>20153479
I do agree with your argument kinda.

what do you think about Bitcoin Cash, is their 4 billion marketcap "approved" by you or not?

>>20153479
>patching bugs

It's built using Formal Verification this is why it took so long. There arn't going to be any bugs. It's already been Mathematically proven.

https://www.youtube.com/watch?v=-CTNS2D-kbY&feature=emb_title


Smart contracts are being deployed in less than 120 days. They have been in development Parallel to shelly for the last two years and are pretty much complete and ready to go. Whilst POS isn't a pyramid scheme it is a system based on Oligarchy and Hierarchy which I'm not in favour of too much. If your calling out POS as a Pyramid scheme you could easily say the same about POW.

>>20153643
I also have to agree here, they did extensive testing for a year or two.

>>20153643
the only thing im concerned about with ADA is the staking rewards, I read somewhere that its going to be 11pct/yearly, and the staking testned has been live also already for a month or two. those rewards also count and will get transfered. 11pct yearly will turn to be pretty dumpy considering the ico investors got in at $0.002

>>20145110
This is a decent scenario for XMR. As far as I can tell, the only ones at risk would be particularly stupid criminals.

>>20147908
>>20147927
>>20150010
hmhm... hmhmhmhmh.... HMHMHMHM.... HAAAAHAHAHAHAAH!!!
SOON YOU FOOLS WILL HAVE ALL YOUR WALLETS EXPOSED!

>>20153711
Most of the ICO investors sold off on the way up to a dollar. Staking rewards on testnet are returning between 8%-11% on average.

Cardano is already far more decentralised than Bitcoin

>>20153802
fug.

>>20153749
Yeah I actually wanted to talk about this more maybe we could pivot the conversation back to XMR as ADA should have it's own thread for discussion. My thinking is: Lets say theres a Honey pot DNM and the Feds know somebody within a small proximity to a certain area are selling prescribed goods over the internet through Monero. (ie through incepting a mail package sent off from a postal office in a small town) They could look at a data base of people buying/selling monero from within that proximity and tie them together through that buy or sell. It's not solid evidence in a court of law but it gives them plenty to work with and develop new leads with that information

>>20153634
They have no long term growth and have a dwindling user base. They are pretty much irrelevant. Like lite coin.
>>20153643
Bugs happen in software all the time dude. I’m not talking about their proofs.
And yes, Proof of work can be a pyramid scheme if it’s based on something with no utility. But what’s worse with proof of stake you don’t have any barrier of entry other than direct payments, which leads to people funneling money in for staking rewards instead of doing the tech research to get a miner set up. This in turn leads to a less knowledgeable community.
>>20153802
Fuck yes
>>20153898
That’s not how monero works. They won’t be able to tell who is buying Monero within an area. Intercepting packages is different but that requires a lot of observation on an individual and likely requires metadata leaks from other areas. Monero is pretty much air tight if you are trading wallet to wallet.

>>20153870
>>20154020
your foolish confidence in your waifu shall be your DOOM!!! HAAAHAHAHAHAAHAA!!! NOT A SINGLE TINY BIT OF MONERO SHALL BE OBFUSCATED EVER AGAIN!!!!!

>>20154175
Wew. Don’t give up monero waifu. You still have plausible deniability!!!!

>>20154517
oh yeah....?
well....
DENY THIS!!!

>>20153802
>>20154175
>>20154821
Hahaha

>>20154821
Fuckin based

>>20154821
https://files.catbox.moe/p03jgm.png

Here it is with monero logo. Maybe later I could edit something about using view keys and key images. kek

>>20153898
Eh, but what's the use of this discussion? If you're going to figure it out for the FBI, at least make sure they're paying you.

>>20155297
It's fantastic OC man. keep making them. we want more outfits and more poses.

>>20153898
see this:
>>20145577
some transaction used to be partially traceable, not anymore.
>They could look at a data base of people buying/selling monero from within that proximity and tie them together through that buy or sell.
That's not from monero, that's from proximity research

>>20154821
Nice

>>20144729

Buy my SafeX please, i need to buy food