/biz/ - Business & Finance

>>24693442
yes but it doesn't matter, this is just a big casino for broke retards. In the end only xmr and btc will survive though, so hopefully the retards are able to cash out before it's too late.

>>24693442
Wrong, Monero is just an overpriced fork of Bytecoin and there are 100 cryptonote coins that do the same thing, only faster and cheaper.

I sold my Monero for 0.x.Monero

>>24694246
Sounds like you should die

>>24694246

>>24694246
shoo pajeet

Instead of just being a moon boy for monero. Why don’t we actually start using it? Is there an eBay where you can buy Normal things with crypto? Why not? Why haven’t YOU created it? Remember when they sold a pizza for Bitcoin and it was a new fun experiment in technology? Where is that Enthusiasm for Monero? Adoption starts with YOU

>>24694745
Basically this, being useful to the community and contributing is one thing. Being a flag waving parasite is another

>>24694745

>he doesn’t know

Xmr is the future of shadow banking and commerce

>>24693442
Yes.

>>24694745
I use it all the time to purchase certain things in minecraft

A lot of people think the government will ban XMR.

>>24694745
>Is there an eBay where you can buy Normal things with crypto?
Well, there was one, but it got shut down by the FBI.

>>24693442
You’re 100% correct anon. Monero is objectively better than ETH which is a trend chasing project that failed the decentralized test(DAO hack) it should’ve died a long time ago. They’ve been trying to fixed the scalability for 2 years now and POS is unproven.

XMR just works.

>>24694246
>I sold my Monero for a shitcoin scam no one else uses

>>24694745
Shut the fuck up

>>24693442
it fucking bullshit, lost 10 coins from your fucking bullshit software.

Monero loves all of us and will protect us from the lizard people.

>>24694246
You are the most persistent nigger Indian shill I have met. How much they are paying you?

>>24697691
nobody's paying him
he's one of a crew of like 3 really pathetic scammers
they just plagiarize other projects and make web sites with elaborate claims that never materialize
they hold stupid promotions on twitter and have a little scam hive on telegram

>>24694745
it's used in dnm's and anything else that needs real privacy

>>24694745
We are. Adoption is skyrocketing.

>>24693442
There are thousands of coins that have been created after seeing Bitcoin's success. Monero is one of a handful that saw the distributed ledger secured by proof of work as the success rather than just the price appreciation. Monero built on that success and improved it, making a better peer to peer digital currency. Other coins improved on the price appreciation aspect and actually made the fundamentals worse. Bitcoiners always point at these projects but they make sure to ignore Monero.

XMR will be $1k by EONY. The coming crypto regulations and tax increases across the west will increase adoption tenfold

>>24693442
Cardano and Algorand.

>>24693442
it's the only crypto I have

>>24693442
>store of value use case
The problem is that bitcoin derives all of it's value from the public ledger. You made bitcoin 2.0 that no one will trust.

>>24699861
The regulations either make us hit $1k or $1 no in between LOL

>>24701107
Exactly. Anyway, I'm betting on the good guys

>>24701107
Surly it will succeed no matter what if atomic swaps are implemented

>>24700576
Why not?

>>24694745
If a vendor offers XMR as a payment method, I use it, 100% of the time (then I go buy more XMR to keep my position steady)

>>24693442
How does double spend protection work on monero?

>>24701180
Pretty much yeah, atomic swaps is the main development that will make monero moon. No more having to rely on exchanges.

>>24703413
values from previous outputs are encoded in 'commitments' to hide them
you can do arithmetic on these commitments to verify that they add up.
can explain further, but how are your math skills?

>>24703500
No, this just asserts that the outputs are correct and to prevent hidden inflation. It doesn’t have to do with double spends.
>>24703413
Key images.

>>24703500
>values from previous outputs are encoded in 'commitments'
Do I understand correctly, that the history of an address in encoded in the transaction? And if so, why this cannot be used to restore a wallet?

>>24700576
And Monero derives value from it's privacy. Darkweb Markets and anyone turned off by public ledgers trust Monero just fine.

>>24703733
>Key images.
Can you explain please? How the miner does know that the output is ledgit and why a transaction cannot be casted twice?

>>24704076
Because the client has to scan (most) of the current ledger to identify which outputs/coins are credited to your wallet. If you try to spend more than total amount of txns credited to you, you can't spend. This is all done via arithmetic.

>>24704116
>If you try to spend more than total amount of txns credited to you, you can't spend
How does this work? The miner needs to check if the balance is ledgit before including the transaction into the block.

>>24704348
From a high level, yes.

>>24704076
In the simplest terms, every output has a proof that shows it has been spent called a "key image". Miners are able to tell if a key image was already used, and they will therefore then know you are double spending.
https://monerodocs.org/cryptography/asymmetric/key-image/
>>24704348
Again without getting techincal, basically there is a math formula which encrypts that transaction amount, but the miner will know it is legitimate because the inputs and outputs will equal eachother.
https://www.getmonero.org/resources/moneropedia/pedersen-commitment.html

>>24704540
Thank you.

>>24704572
no problem, they're good questions

>>24694745
This is /biz/ not reddit

>>24693442

>>24693442

it's over guys. monero won. if you don't own any xmr you are not paying attention. politicians and governments will not ban Monero. They need it more than we do.

>https://cointelegraph.com/news/19-year-old-ukrainian-politician-reports-crypto-holdings-of-24m-in-monero

>>24705040
bullish

where can you trade btc for xmr?

>>24707063
binance if you are not american, changenow, kraken

>>24707222
checked, thank you

>>24707063
Incognito wallet

>>24693442
monero:
- unlimited supply (no cap)
- ringCT only disassociates data, doesnt hide or encrypt it
- monero’s blockchain provides a record of every transaction that has ever taken place (when its cracked someday ur privacy goes to fuk)
- lite wallets leak the clients IP

i like what monero stands for (privacy) but theres better coins emerging and since monero keeps a ledger, eventually it will be cracked and the ledger analyzed at which point money will go into other privacy coins

>>24693442
>Is Monero literally the most undervalued cryptocurrency from a usage/network effect perspective?

>>24701148
>Exactly. Anyway, I'm betting on the good guys
you are aware people were saying this exact same sentiments about bitcoin back in the day?
look at how that bet turned out...

>>24700576
>The problem is that bitcoin derives all of it's value from the public ledger. You made bitcoin 2.0 that no one will trust.
the amount of people trusting it has more than doubled in the past year. the amount of people trusting it will double again.
please think before you comment, or alternatively, head to the cryptocurrency subreddit. Have a nice day!

>>24708389
>unlimited supply (no cap)
no, this is brainlet logic. Monero has a tail emission to ensure the mining network is preserved. There will be less Monero than Bitcoin until the year 2040. At least you didn't refer to this inflation as "infinite supply" like most braindead paeets though
>ringCT only disassociates data, doesnt hide or encrypt it
wrong. ring CT is what obfuscates the transacted amount, and this literally does encrypt it. You are thinking of ring signatures which use decoys. And even then, the decoys used add plausible deniability to what is real or what isn't real.
Also monero does hide data. As mentioned there are no transaction amounts on the blockchain. There is no wallet addresses on the block chain (and there never will be, as wallet addresses like on the Bitcoin blockchain don't exist with Monero...there is no way you can view somebodies wallet unless they provide you with a view key). So I'm not sure what your argument is, as Monero actively hides and encrypts literally everything.
>monero’s blockchain provides a record of every transaction that has ever taken place (when its cracked someday ur privacy goes to fuk)
yeah, like every other blockchain you fucking dingus. that's the point of block chains, to have a protocol that you can confirm is true with a mining network. Also Monero can't be "cracked". The only way this would happen is with quantum computing, but Monero research labs is already doing research into figuring out how to get around that.
The only way to loosely trace Monero is through metadata basically, but this comes down to the user.
>lite wallets leak the clients IP
yeah, p2p applications leak ip addresses. This is nothing new. You can connect through tor if this bothers you.
That's also why it is recommended for people to run theier own nodes.
>i like what monero stands for (privacy) but theres better coins emerging
lol no
>and since monero keeps a ledger
blockchains have ledgers you retard.

>>24706879
Thank u anon for my daily dose of hopium

>>24710055
That chart is from 2017. Xmr should be 6k USD. That’s not hopium but rather shows failure.

>>24710445
>Statis price prediction going wrong equates to failure for the whole coin
aw look, it's retarded :')