[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 52 KB, 1049x534, file.png [View same] [iqdb] [saucenao] [google]
26367596 No.26367596 [Reply] [Original]

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized p2p privacy cryptocurrency!

Monero is secure, low-fee, and borderless, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT (hidden tx amounts) ensure that Monero's blockchain is obfuscated -- the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a Monero user willingly providing a view key for a specific transaction.

Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in May 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.

If you still have questions, feel free to ask and a MoneroChad will be with you shortly.


OFFICIAL WEBSITE - https://web.getmonero.org

WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

>Non KYC:
Local Monero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
https://archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Gui/Cli (recommended)
MyMonero
Exodus
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo
NOTE: MYMONERO FOR ANDROID IS A SCAM. DO NOT DOWNLOAD ON GOOGLE PLAY.

>Cold Storage
https://archive.is/DEfsP

>> No.26367601

I am increasingly convinced that there is some sort of price manipulation to maintain Monero at a steady £100/$150. It always seems to want to stabilise at this price, as if it's some sort of equilibrium position.
Maybe the drug lords like working with £100/$150 units? Makes the math easier when converting Fiat to Crypto.

>> No.26367701

God bless monero

Anyone send me some Unknown Amount?

>> No.26367785

>>26367601
they don't dump too much at once to keep it 100 yo

>> No.26367820

>>26367701
Sent.

>> No.26367833
File: 119 KB, 500x622, monero-apustus.png [View same] [iqdb] [saucenao] [google]
26367833

pee pee
poo poo

>> No.26367857
File: 1.33 MB, 1000x1500, numbah one dj on the planet.jpg [View same] [iqdb] [saucenao] [google]
26367857

>UNKNOWN AMMOUNT!

>> No.26368626
File: 121 KB, 1080x2340, IMG_20210122_180741.jpg [View same] [iqdb] [saucenao] [google]
26368626

>>26367596
Bought some coins

>> No.26368707

>>26368626
welp hope your exchange doesnt save this image

>> No.26368763

>>26368626
>letting people know how much xmr you have
not based

>> No.26368806

>>26368626
I know where you fucking live now.

>> No.26369016
File: 272 KB, 788x669, 1611253548388.png [View same] [iqdb] [saucenao] [google]
26369016

>>26367596
I mined a [small unknown amount] directly into my GUI wallet over the summer and am looking to increase my stack. What is the best way to securely purchase a [larger unknown amount] and transfer it to my GUI wallet?

>> No.26369052
File: 361 KB, 967x1280, anonymous.png [View same] [iqdb] [saucenao] [google]
26369052

>>26368626
>bought monero
based
>known amount
not based

>> No.26369111

Picked up one since it seemed cheap and I'm sure at a minimum i can make 20+ on it so what do you guys really expect a good realistic sell price to be? 172?

>> No.26369185

>>26369111
$100k

>> No.26369208

>>26368626
Fees not high enough. Must be a shitcoin.

>> No.26369210

>>26369111
It's not really a short term sell kinda coin, in the near future it will be hovering from 100-200$ tho.

>> No.26369254

Where my CLI chads at?
Been very comfy lately, especially after the latest update. Looks like the attacker ran out of exploits for the time being :)

>> No.26369275

>>26369016
The way XMR works, transfers can't be traced.

So buy it anywhere and once its transferred it'll look like you bought something.

>> No.26369323

>>26369016
it's good to have record of having buyed moneros through a kyc exchange. you might need to cash out some once we hit 10k. this will help explain where you got the greatest cryptocurrency ever invented

>> No.26369534
File: 66 KB, 1149x841, irs.jpg [View same] [iqdb] [saucenao] [google]
26369534

>>26369323
wouldn't you then have to pay taxes on the gains? how would somebody get around that possibility (in minecraft)?

>> No.26369686

>>26369534
just pay the taxes. it's not worth the effort. if taxes are over 20% look into tax havens like Portugal, Malta and so on

>> No.26369956

>>26369016
buy LTC > convert to XMR > sell XMR in small ammounts

>> No.26370097
File: 99 KB, 1279x1279, 1605570149016.png [View same] [iqdb] [saucenao] [google]
26370097

Can any Chads point me in the right direction? I would like to make my node public, but I'm concerned about privacy and security. I'm kind of a brainlet so if anyone could explain the implications of hosting a public node, and point me in the direction of how to set one up with RPC pay it would be much appreciated.

>> No.26370102

>>26367601
The stable "price manipulation" is the result of people actually using it.

>> No.26370126

>>26369686
Or Andorra, 10% tax.

>> No.26370355

>>26369956
what's a safe way to go about converting? I thought atomic swap wasn't out yet.

>> No.26370455

>>26370097
Your ISP will be able to "see" that you're connected to the monero network and running a node, but that's even if they care to look. You can host a node over for/vpn, but it may take longer to sync.

>> No.26370485

>>26370355
vpn/tor on a random centralized exchange

>> No.26370562
File: 73 KB, 1024x709, sit.jpg [View same] [iqdb] [saucenao] [google]
26370562

>bought the dip just in time
unknown amount and counting monerbros

>> No.26370763

>>26369686
>>26370126
If you can move to malta or andorra there's no point to moving there when portugal is the best option. 0% tax on all crypto gains, inexpensive housing, just a nice country in general. You gotta live there for 6 months before you become a tax resident tho.

>> No.26371267
File: 1.17 MB, 2827x4000, 8DC4CC0B-C621-4F2B-A50B-5861D45B0554.jpg [View same] [iqdb] [saucenao] [google]
26371267

>> No.26371572

Been hodling for 2 years, still not much wealthier than when I started

>> No.26371689

>>26371572
transaction volume is slowly increasing
monero is entering the mainstream more and more day by day
it's not going to skyrocket in one day, it will slowly grow, gotta keep patient

>> No.26372202
File: 53 KB, 432x432, 1611031392694.gif [View same] [iqdb] [saucenao] [google]
26372202

>>26371572
monero is definitely a slow, but strong burn. and with the current adminstration in DC, more people will be actively seeking out privacy and shielding themselves from the government as much as possible. and as more people do so, monero will only go up.

>> No.26372494
File: 15 KB, 882x758, 400.png [View same] [iqdb] [saucenao] [google]
26372494

Reminder that Monero can be tracked by the breadcrumbing of fractured ring signatures and they have yet to patch the exploit.

>> No.26372879

>>26372494
source or gtfo

>> No.26373161

>>26372494
Just spam your usual shitcoin and leave. No need to act like you are interesting.

>> No.26373222

>>26372879
>source
low effort fud pasta

>> No.26373233

>>26372494
Are fud faggots just making up shit now?

>> No.26373261
File: 15 KB, 306x306, DkC6xZjU8AAKqfE.jpg [View same] [iqdb] [saucenao] [google]
26373261

>>26372879
The team themselves said they're planning on expanding the ring size, but hypothetically the exploit still works. It would just require exponentially more addresses.

>> No.26373680
File: 222 KB, 1464x1096, 1607980835197.jpg [View same] [iqdb] [saucenao] [google]
26373680

>>26370097
I have a public node with RPC RPC running. It is also reacheable through tor.
Here is a guide: https://monerodocs.org/running-node/open-node-tor-onion/

>> No.26373778

>>26372494
>>26373261
Well time to claim those 1.2 M then frendo.

>> No.26374146
File: 82 KB, 770x770, 6491799-KJXJKGTO-7.jpg [View same] [iqdb] [saucenao] [google]
26374146

How did this project fall to 17th place behind two other certified shitcoins?

>> No.26374585

I’m 100 percent certain Monero is so stable because it’s actually used. This coin will so lower crab upwards. It’s my favourite coin.

>> No.26374828

Just bought a shit ton more of Monero. This is the time when generational wealth is built.

>> No.26375343

>>26374828
Based

>> No.26375567

>>26369254
checking in btw

>> No.26376329

>>26374828
Based