/biz/ - Business & Finance

>>24617380
ive been holding an unknown amount of monero for an unknown amount of time.

Monero is the default coin desu.

>>24617380
where can i get some monero

I will never admit to holding monero.

>>24617493
tfw i hold 0 so i dont have to hide anything

>>24617493
I will
FUCK THE GOVERNMENT
FUCK FEDS
FUCK DATAMINERS
AND, MOST OF ALL
FUCK JANNIES
YOU CAN COME TAKE MY MONEROJ FROM MY COLD DEAD HANDS

>>24617591
uhhh yeah... me too

>>24617434
inb4 xmr flips btc screen cap this

can someone explain in layman's terms why this is private and Bitcoin is not?

also I once heard you can flip back and forth a couple times and it's virtually undetectable. No wonder it's going up right now with all the global reset shit rumours happening

I lost 0.5 xmr trying to swing ... when will i learn??

>>24617738
Wouldn't change it, can't hide your gains from the feds with XMR

>>24617771
Monero uses cryptography to hide the sender, receiver and amount. On BTC all senders, receivers and amounts are transparent, you can go look at them on a block explorer, you can't do that with Monero.
>senders
Senders are hidden through a 'ring signature', which makes it impossible to tell which Monero address is responsible for a transaction among a pool of ring members. The way it works is you 'sign' (not exactly the same as BTC) the transaction using public keys of previous transactions, as well as your own actual private key. An outside observer would not be able to tell who among the ring members is responsible for the transaction.
>receivers
receivers are hidden through 'stealth addresses', a one time address that's generated by the sender and derived from the receivers public key. This effectively creates a one time private/public key that only the receiver is capable of knowing. You can not determine the actual public key of the receiver from the stealth address.
>amount
amounts are hidden through 'ringCT' and 'commitments', which encodes amounts cryptographically using an elliptic curve (same thing bitcoin uses for signatures).
Without getting too technical, if you encode an amount 'a1' in an elliptic curve, call it 'C1', and an amount 'a2' in an elliptic curve, call it 'C2' then, and then have the sum 'a1 + a2 = a3', then
a1 + a2 = a3
and
C1 + C2 = C3
which is how it's able to arithmetic on these encoded values.

in short, it's effectively impossible to tell where someone sent money, where they got money from, and how much money they have

Just bought an unknown amount.

>>24617380
HOW MANY UNKNOWN AMOUNT TO MAKE IT?

>>24618317
stacklet: [unknown amount]
suicide stack: [unknown amount]
make it stack: [unknown amount]
black market kingpin stack: [unknown amount]

>>24618364
based

I don't understand what the f*** a rebase is I do not know how to farm but I would like to get some XMR but I feel like it's going to be beyond my skill level because I've tried this one before
What wallet do I use and how do I keep it secure and where do I buy it?

Death to the State apparatus.

>>24618483
Monero has nothing to do with rebbases or farming, you buy it on kraken or binance and keep it in the official wallet on your desktop

>>24617771

In actual laymen's terms, and not like the other anon's explanation:

Bitcoin is an open ledger, meaning if you put a wallet address into a blockchain explorer you can literally see every transaction from that address.

Monero is not an open ledger, all wallet amounts and transactions are hidden by default.

It's less easier to use than say XLM, but the benefit is privacy. Bitcoin Cash has it's own privacy protocol called Cashfusion (but you have to download a wallet with Cashfusion), and combined with Bitcoin Cash's ease of use it's a good middle ground between XLM and Monero.

>>24617771
Bitcoin blockchain is a public ledger that shows sender, amount and receiver for every transaction ever performed.
Monero doesnt,

>>24618483
>What wallet do I use
use the XMR GUI on desktop, you can find it on the monero website
on mobile, cakewallet is pretty good, there are others as well.
>how do I keep it secure
write down your private key seed phrase and store it in a safe place.
>where do I buy it?
Kraken, changelly, morphtoken, Binance (if you're NOT in the US), bisq (a bit complicated to set up)
Kraken is probably the best choice of all of these in terms of fees.

>>24617417
Kek
Very comfy Monero chads

>>24618578
If the money has been through monero, who exactly is on the public ledger?