/biz/ - Business & Finance

>>24553854
Ethereum is total garbage

>>24553854
Dangerously based

These same lines have been repeated ad nauseum.

Fuck off, faggot.

Decent coin, but it's not top dog.

>>24553922
They’re repeated because smart money recognizes the value, especially long term in blockchain, of financial privacy. No other crypto is close to what Monero offers.

>>24553922
gnarly

>>24553854
All crypto is manipulated, why do you think it never goes anywhere?

>>24554094
>The only real use case is private transfer
Yea, lots of uses have cropped up, whether you find it to be of use to YOU is irrelevant.

Don't get stuck playing with mediocre coins like Monero.

>>24553854
XMR is killing the ROI on my gigachad portfolio (btc, eth, link, xmr), but it feels good to at least hold on to some of the cyberpunk ideals that started this movement. I think it will have its time.

>>24554130
Right?
I wonder if these faggots that get dressed up actually believe they look pretty?

private? what do you have to hide anon?? tell me now

>>24554164
Lol, downplaying privacy and calling Monero mediocre. Keep going schlomo.

>>24554356
I'm a private buissnes, the world do not need to know how much money I get every month!

I'd rather buy Zcash.

>>24553854
https://www.forbes.com/sites/forbes-personal-shopper/2020/12/01/best-gaming-headsets/
>The only real usecase for crypto is *private and unstoppable value transfer*.
it's not the only usecase, but it's an important usecase, and like with everything ethereum is going to dominate it.
Fully anonymous transfers are supposed to be released this month. As a bonus the cost per transfer is only about 5k gas.
Monero isn't going to be able to compete with anonymous dollar stablecoins on ethereum coupled with anonymous access to the entire defi.

>>24554819
uhh it was supposed to be this link
https://www.forbes.com/sites/michaeldelcastillo/2020/12/02/visa-partners-with-ethereum-digital-dollar-startup-that-raised-271-million
https://www.coindesk.com/visa-connecting-global-payments-network-to-circles-usdc-on-ethereum-blockchain

>>24554819
Kek your premine ico scams and optional privacy shitcoins won’t get adopted.

>>24554921
Ethereum does as much transactions in 20 minutes as monero does in a day.
It's not even in the same universe of adoption.
>optional privacy
optional anonymity is the only real anonymity, because it allows for plausible deniability. It's not possible to manufacture fake income on monero because it has no defi. It's borderline worthless for real anonymity.
>send monero to an exchange
>funds locked until you provide proof of funds
good luck using monero lmao

Monero is literally the only "crypto" with a real use case.

>>24555009
>Ethereum does as much transactions in 20 minutes as monero does in a day.
Ethereum is the whole ecosystem.
Your anon sets for your privacy tokens are shit. Moneros anon sets are far higher.
Monero is actually adopted in niche privacy use cases. Ethereum is not.
Monero has privacy on every transaction which means far less attack vectors. Ethereum had a base layer that is transparent.
>optional anonymity is the only real anonymity, because it allows for plausible deniability
Lmfao. This is exactly the type of nonsense an eth shill says thinking they sound intelligent.
Every transactions needs to have baked in privacy so nothing sticks out you complete retard. Otherwise your ecosystem will just blacklist people who are using privacy.
> funds locked until you provide proof of funds
Yeah that effects every crypto you complete retard.
Go on. Explain to me the better privacy ethereum has. Use all the buzzwords that you saw on plebbit so I can make fun of you.

>>24555137
Oh and by the way funds are locked when you have transparent ledgers because of coin taint.
Monero doesn’t have that problem.

I'm down for praising monero but attacking Bitcoin and Ethereum is the wrong way to go about it. Bitcoin was the proof of concept and it is rock fucking solid. Ethereum is useful as a platform although I don't think it's worth buying and holding ETH itself. LINK and PNK have much stronger use cases for the tokens themselves.

Monero is great, like you say. Really, everyone who's doing bitcoin transfers right now, UNLESS they have a reason to make a public, in the clear transaction, should be using Monero. But the way to push Monero adoption isn't to attack Bitcoin, it's to expalin to bitcoin users that Monero is closer to the ideal cryptocurrency than bitcoin is, especially right now when so many people are treating bitcoin as a store of value and speculative vehicle.

>>24555137
>Your anon sets for your privacy tokens are shit. Moneros anon sets are far higher.
Even tornado.cash has better anonymity than monero - thousands of deposits for every eth amount while monero only has 11 inputs per transaction.
Tornado.cash is only a temporary solution, the future is in zk-snark rollups that allow for full arbitrary value transfers. That's what's supposed to be released very soon.
Monero gets about 4M transactions per year. It's likely anonymous rollups on ethereum are going to process more per day in 2022.
>Every transactions needs to have baked in privacy so nothing sticks out you complete retard.
>Otherwise your ecosystem will just blacklist people who are using privacy.
so literally like monero is getting delisted left and right?
when everyone is anonymous everyone is suspect and everyone ends up blacklisted.
>Go on. Explain to me the better privacy ethereum has
>make a pointless token
>buy a bit with legal funds
>pump it 100x with funds you want to hide
>sell the token to yourself
now you have completely legal profit.

There are so many variations on this theme it's impossible to list, it's easy to make it much less obvious. It can't be stopped as long as defi exists.
It's not even new, what do you think cryptokitties going for >$100k were? That was obvious money laundering of this type.

That's one of the reasons why ethereum is going to replace offshore banking.

monerobros....
what's happening?

all monero fud is literally jewish fear
i’m not saying it’s going to perform well, but its very existence is one of the biggest weapons in the crypto arsenal and it needs to continue existing

Why would i buy monero if i dont want to buy drugs or care about taxes?
Maybe you should pay your taxes you cuck.
>but muh welfare nigress
If the federal budget was a dollar welfare would be a dime.
Also stablecoin.

>>24555555

show

Please, see duckdao.io and give your opinion about it.

I think it is an interesting solution to combine both crypto game and investment system with long-term partnerships

>>24555553
Unknown amounts of chinese genes can be found in this poster

>>24555358
>Even tornado.cash has better anonymity than monero
fucking lol. Tornado cash is just a mixer. Chain analysis can easily solve things like tornado cash or coin join. It's near impossible to shield transactions when you are dealing with a transparent baselayer.
Monero privacy is not just ring signatures. It also obfuscates transaction amounts and it does not put addresses on the blockchain. Further, you can't visit wallet addresses. There is no way to tell how much monero someone has or has received or has sent.
>zk snarks
those require trusted set ups, and because literally every token on ethereum is a scam, nobody will use those coins other than moonboys who hoard them in speculative bubbles because number go up.
>when everyone is anonymous everyone is suspect and everyone ends up blacklisted.
wrong. Not everybody who uses Monero uses Monero for the dark net. That's the beauty of Monero. It is cash. You can't tell transactions apart. In Ethereum, why not just use Ethereum instead of privacy. Oh, do you have something to hide? This doesn't happen with Monero, because every transaction looks exactly the same.
>now you have completely legal profit.
that's not legal profit (well, depending on your jurisdiction). Although I commend you for blatantly admitting that ethereum is all scams and that's its only purpose
(protip: don't wash funds with a transparent base layer. Wash with Monero, like everyone else. google Monero's atomic swaps).
>That's one of the reasons why ethereum is going to replace offshore banking.
jesus christ, what do you think Monero is for?
You need to actually put effort into studying chain analysis. Once you do, you will realize how far ahead Monero is. By the time Ethereum catches up Monero will be even better.
It has taken literal years for Monero to get adoption on the Dark net, and it's only just starting.

>>24553854
Yeah... I'm thinking based

>>24555760
>Tornado cash is just a mixer
how do you think monero works? every transactions is a mixer with 11 possible inputs. The only difference between coinjoin on bitcoin and monero is that monero has private amounts, which prevents analysis based on balances.
Tornado.cash does the same by restricting balances to equal amounts per mixer.
>those require trusted set ups
so what? it's done in big ceremonies with hundreds of people. Even an intentionally backdoored key doesn't allow deanonymization, it only
allows stealing.
>wrong. Not everybody who uses Monero uses Monero for the dark net.
>Oh, do you have something to hide? This doesn't happen with Monero, because every transaction looks exactly the same.
Yes, which is why using monero is suspect in itself. There's no other reason to use monero than to hide funds.
Eventually it's not going to be possible to trade monero on any centralized exchange at all.
https://coingeek.com/huobi-korea-delists-monero-piling-pressure-on-bithumb/
https://cointelegraph.com/news/australian-exchanges-delist-privacy-coins-amid-chainalysis-integration
https://decrypt.co/47508/shapeshift-quietly-delists-monero-privacy-coin
>that's not legal profit (well, depending on your jurisdiction)
that's legal profit everywhere where crypto itself is legal
>Although I commend you for blatantly admitting that ethereum is all scams and that's its only purpose
I didn't write anything like that
>Wash with Monero, like everyone else. google Monero's atomic swaps
Atomic swaps LOL. There's no value in monero being a separate chain, it's a pure disadvantage. Monero as it is could be a smart contract on ethereum, and with same users it would have identical internal anonymity, while being much easier to trade outside of the system.There's no qualitative difference between using a network and a smart contract. You only think a separate 'blockchain' is somehow different because you have been memed into believing completely arbitrary distinctions are physical.

>>24555760
>By the time Ethereum catches up Monero will be even better.
It can't unless it shifts to zk-snarks. Zk-snark based system use all outside deposits for its anonymity set. It's not possible to have better anonymity.
>It has taken literal years for Monero to get adoption on the Dark net, and it's only just starting.
The peak is going to be in 2021 because zk-rollup based anonymity on ethereum is better in every single aspect, and it's going to be used by millions of people, with drug users a tiny minority. Anonymity is required for ethereum payments to be widely used for real world commerce. Once anonymity is in it's going to be perfect for people in most third world countries. Imagine paying with ethereum or bitcoin in a shop in venezuela and the shop owner noticing you have $10k (a very large sum there). That prevents adoption from happening.

>>24556113
>every transactions is a mixer with 11 possible inputs
wrong. Monero uses decoys. You fundamentally do not understand Monero and it shows through retarded misunderstandings like this.
>so what? it's done in big ceremonies with hundreds of people. Even an intentionally backdoored key doesn't allow deanonymization, it only allows stealing.
that's a problem, and ethereums track record for scams is embarrassing.
You need to have trust when it comes to privacy and Monero has the network effect for privacy like Ethereum has the network effect for smart contracts.
>Yes, which is why using monero is suspect in itself. There's no other reason to use monero than to hide funds.
>Eventually it's not going to be possible to trade monero on any centralized exchange at all.
This same fud would be said about Ethereums privacy if it worked.
And this same fud was said about Bitcoin, fyi.
>that's legal profit everywhere where crypto itself is legal
In America, crypto to crypto gains need to get taxed.
>I didn't write anything like that
To he honest, what you wrote was incoherent. You are creating a useless token, then pumping the price (???) and then selling it to yourself (?????????). Yeah brilliant privacy usecase right there. Or you can just have a form of digital cash that you buy stuff with or hold. Gee I wonder which one people would prefer.
>There's no value in monero being a separate chain
explain to me then why people are going out of their way to wash Bitcoin with Monero if a separate chain is useless?
The reason (I'll answer for you because you are a retard) is because Monero has a obsuscated ledger, so by separating the funds you immediately remove the history of your Bitcoin. Once atomic swaps become adopted people will use Monero to wash away their transaction history.
>>24556196
No zksnarks are not perfect. zt-snarks are better however because they are trusteless.
also monero uses zero knowledge proofs.

>>24553854

>No company (or very, very few) will use a solution where it loses control over the data. Sorry.

you have no idea how dapps work, do you?

>>24554094
>>24553854
what about beam and grin or any whimblewimble crypto?

>>24556196
>The peak is going to be in 2021 because zk-rollup based anonymity on ethereum is better in every single aspect
yeah the magical thing that doesn't exist yet is better. I can already tell you what is going to happen. You will have a dozen scam tokens that offer optional privacy and people will just continue using Monero because of it's proven track record and actual adoption.
>and it's going to be used by millions of people, with drug users a tiny minority
This is basically what happened with Bitcoin, and it is what long term will happen with Monero. You prove a use case and then the widespread adoption follows once it gains recognition and respect.
Ethereum needs to stick to its smart contracts. That's all it is useful for. Once you introduce scam tokens you lose me because NONE of them work like you think they do.
> Imagine paying with ethereum or bitcoin in a shop in venezuela and the shop owner noticing you have $10k (a very large sum there). That prevents adoption from happening.
yeah no shit sherlock, thats why I am in support of obfuscated ledgers.

>>24553854
OP is based yo.

>>24553854
RSR

monero will atleast survive. Cant say the same for most other cryptos

>>24556328
>wrong. Monero uses decoys.
yes, it adds 10 inputs to the true one, 11 inputs in total. It's literally a coinjoin transaction. Cryptography is there to make it non-interactive.
>You fundamentally do not understand Monero
You don't even know how monero works while advocating for it.
>that's a problem
It's not, it's enough for only one party to be honest and everyone could join.
https://medium.com/aztec-protocol/aztec-crs-the-biggest-mpc-setup-in-history-has-successfully-finished-74c6909cd0c4
>This same fud would be said about Ethereums privacy if it worked.
It's literally not fud because monero is actively being delisted.
No, because only direct anonymous transactions are going to be suspect.
>In America, crypto to crypto gains need to get taxed.
That's literally the point lmao. You are fucking retarded. What do you think the point of money laundering is? Apparently your idea of cashing out is to get a handful of dollar bills from some suspicious dude from localmonero.
>To he honest, what you wrote was incoherent
you can't understand even the simplest possible money laundering scheme. The problem is with you.
>explain to me then why people are going out of their way to wash Bitcoin with Monero if a separate chain is useless?
The reason (I'll answer for you because you are a retard) is because Monero has a obsuscated ledger,
you didn't even understand what I wrote, your reply is barely on topic.
>>24556423
>using Monero because of it's proven track record and actual adoption
It has next to zero adoption, it's almost a complete failure. Random erc20 tokens that pop out of nowhere can easily have more users in day than monero has.

>>24555811
Kek

>>24556586
>It's literally a coinjoin transaction
coinjoin mixes actual transactions.
Monero creates decoys (either pulled from the past or created out of thin air). They are not literally the same.
>It's literally not fud because monero is actively being delisted.
Yeah several exchanges with almost no liquidity is FUD anon. It's no different than the "china bans bitcoin!!" fud that we read every other month.
And you are full of shit because if Ethereum was actually a bastion of privacy then any one of its tokens that has privacy would be targeted with fud about delisting. Monero deals with this all the time.
>you can't understand even the simplest possible money laundering scheme
why would a scam token created by you pump? It is completely illogical. If it's a pointless token then how would it have value. You make no sense.
>you didn't even understand what I wrote, your reply is barely on topic.
>It has next to zero adoption, it's almost a complete failure. Random erc20 tokens that pop out of nowhere can easily have more users in day than monero has.
You are clearly just an ETH shill that has nothing intelligent to say about privacy, and the dead giveaway that you know nothing about what you are talking about is that you think Monero is a failure or it sucks. It would be one thing for you to say "Monero has fantastic privacy but I think Ethereum will be adopted more because of x, y, and z", but it's another for you to say that Monero is "almost a complete failure". That just oozes a clueless shill who is reaching for any reason to pump his Eth backs further. I hold some ETH, but I know that when it comes to privacy it is shit. Anybody who knows anything about cryptography will tell you that Monero has fucking legit privacy. Fuck off with your shilling, because Monero is literally what you think that your Ethereum bags will create.
Just wait until Ethereum gets even more pozzed by institutions. You will be begging for built in privacy at that point.

I love anime and RSR

>>24556826
>coinjoin mixes actual transactions.
What you probably meant by that is that there are multiple outputs, but that's functionally equivalent to several monero transactions, so yes, monero uses coinjoin with private amounts.
>Yeah several exchanges with almost no liquidity is FUD anon
Bithumb was very big.
All Australian exchanges, all Korean exchanges, all Japanese exchanges, all Polish exchanges, some other like shapeshift. The trend is clear, once it's gone from bitfinex and binance you will realize it's almost impossible to sell anywhere.
>why would a scam token created by you pump?
Because I'm buying it with funds I want to hide. The point is to manufacture profits by transferring money between accounts in a way that looks like normal market activity. That way when I'm asked to prove the source of funds I show that I made a profit by speculating on tokens, while you with monero is going to create yet another post on r/exchangename about how it's a scam exchange because they demand you prove the source of your xmr funds. Assuming there's still going to be an exchange with xmr.
You seriously don't get how financial anonymity works.
>that you think Monero is a failure or it sucks
Monero is older than ethereum, yet in a day it processes as many transactions as ethereum in 20 minutes. 16.4k in the last 24h - a very small number. That's objectively a failure. It never caught on.

>>24553854
its not for companies faggot, its for users to retake their power away from companies

crypto is a grassroots revolution against entrenched power, not an enterprise accounting product