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/biz/ - Business & Finance


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26552184 No.26552184 [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.26552257

I've finally figured out how to properly use and hold Monero. I've never been happier.

What's the suicide stack?

>> No.26552518

>>26552257
18.7

>> No.26552555

I like this ID, too bad it's red

>> No.26552574

>>26552518
based "Hold" id.

>> No.26552625

>>26552257
suicide stack is [unknown amount] and make it stack is [unknown amount]

>> No.26552693

>>26552518
C, Hold, Dil, +
Can't hold, plus dilate

>> No.26552965

Dead coin, just sell accept your loss and move in.

>> No.26553098

>>26552965
>t. newfags after any slight dump

>> No.26553183
File: 307 KB, 1080x1350, 16088167297867267375011353026866.jpg [View same] [iqdb] [saucenao] [google]
26553183

>>26552965
Just bought for $120k.
How fucked am I?

t. Multicryptollionaire

>> No.26553261

Comfiest hold bar none. Little bit of shitcoin gambling for the ol dopamine rush, and XMR for those sweet long term gains. Anyone who can't see the privacy bubble on the horizon is a fuckin brainlet.

>> No.26553316

>>26553261
agreed, I'm doing the same. Shitcoin portfolio for fun, XMR for being rich in 10 years.

>> No.26553331
File: 384 KB, 3648x1853, XMRBTC.png [View same] [iqdb] [saucenao] [google]
26553331

>>26553183
Bought it because great tech + capitulation on XMR/BTC ratio is fucking over.
Upside vs BTC alone is easily 15-20x

>> No.26553436

will this pump for altseason even despite the regulation FUD? All the privacy coins are lagging really hard, thinking about rotating some eth into them

>> No.26553552

>>26553331
Nica chart

>> No.26553612

>>26553436
not substantially, if you care about short term like that you're probably better off with some shitcoin

>> No.26554152
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26554152

>>26553436
Delisting and regulation FUD for all the privacy coins was priced in when they didn't pump at all the last four weeks. They should be pretty numb regarding this.

Actually, I see the risk more for the Defi tokens where most of the casual traders will be baffled by the regulation thrown at them. Doubly worse as they can't really hide. It will be fun to see the zoomers youtube videos then.

>> No.26554316

>>26554152
but that kind of FUD could suspend big pumps until they are resolved. kind of like XRP.

>> No.26554899
File: 8 KB, 225x225, 1610385382759.jpg [View same] [iqdb] [saucenao] [google]
26554899

>>26554152
>some transparent smart contract chain tokenizes xmr
>people flash their stack of unknown amount in random addresses with no previous transactions to scrape some fees in an AMM and disappear again after some time
>regulations and delistings happen to said smart contract chain
>mfw

>> No.26554959

>>26554899
based

>> No.26554982

Also what happened with Monero Gold?

>> No.26556201

>>26554982
The hell is that?
Sounds like a scam lol

>> No.26556238
File: 1.12 MB, 1080x720, resim_2021-01-26_073701.png [View same] [iqdb] [saucenao] [google]
26556238

Sold my 1 XMR for BTC it's not much but I'll keep coming after gainz

https://www.youtube.com/watch?v=KnrGMHhnqrw

>> No.26556290

XMR stability once again prevents Monerochads from getting rekt while Bitcoin shits itself, but you'll never see anyone praise that

>> No.26556399

>>26552184

Monero is superior to Bitcoin in almost every single way. It's even superior on the presentation and normie-friendliness front. The website is cleaner. The docs and tools are better. Setting up a full node through the GUI or CLI is a breeze. Mining it is easy, and you can do it with regular hardware.

This is the coin that people should be using. Everything else is shit in comparison.

>> No.26556529

>>26554899
what does this mean sry im a xmr newb

>> No.26557028

finally a good general

>> No.26558003

>>26552184
Buying Monero is literally 50 IQ tier. There are 100 cryptonote coins that do the same thing and are pennies on the dollar. In fact, Monero is just a fork of Bytecoin that shouldn't be valued any higher. I sold My Monero for 0xMonero.

>> No.26558094
File: 704 KB, 496x807, 0xMonero is for people who shit in the street.png [View same] [iqdb] [saucenao] [google]
26558094

>>26558003

>> No.26558131

>>26558003
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

>> No.26558222
File: 367 KB, 488x680, vsiiednk3ic61.png [View same] [iqdb] [saucenao] [google]
26558222

How long do i have to hold this shit coin to make it if i have between 30-50 xmr

>> No.26558516
File: 360 KB, 534x460, checkem.png [View same] [iqdb] [saucenao] [google]
26558516

>>26558222
6 years

>> No.26559641

>>26554899
Already exists
https://blog.btse.com/introducing-wrapped-monero/
People do this already but I think it usually goes XMR to decentralized exchange, ???, back to XMR, cash out
>more accurately: buy XMR, ??????

>> No.26559802

So is it confirmed at this point that Monero is a form of fractional leverage on bitcoin? Like if bitcoin goes down 4% XMR goes down 2%, or if BTC goes up 10% monero only goes up 5%, and so on. If so, pretty based, it means the majority of people holding it aren't speculating on the crypto market as a whole but just want to have monero (probably to use it)

>> No.26560487

been downloading this blockchain for the past week now. got 357K blocks to go. The joys of an HDD. Anyway, I just want to hurry up and invest before it booms so I don't get left in the dust like with bitcoin.

>> No.26560787

>>26560487
Downloading the blockchain shouldn't be taking nearly that long unless you have absolutely piss poor (like less than 1mbps) internet, it's only 100 gb. Also you know can invest without or prior to having a copy of the blockchain, right?

>> No.26560905

>>26558003
>cryptonote
lol you don't even know the name of the fucking pow hashing algorithm you fucking retard.

>> No.26561288

>>26558131
you are still eligible for the tip I offered you a few days ago. You are a hero for posting this reply everytime 0xMoneroshill comes along. Post an address and I will tip you an unknown amount of Moneroj

>> No.26561449

>>26556529
It’s called tax evasion fren

>> No.26561619
File: 104 KB, 220x220, holyxmr.gif [View same] [iqdb] [saucenao] [google]
26561619

stack up boys. t.me/xmrgif

>> No.26561721

>>26552184
XMR is the single most based project in existence. Everyone should DCA in. That being said, it’s pretty clear it will lag a DeFi (mostly LINK) - led bullrun, so the opportunity cost is too Rey. Best route is LINK this bull cycle, maybe a couple option plays on AMC for quick cash for more LINK, then end of DeFi cycle cash out into the only true privacy coin XMR. ZEC is fucking garbage and can suck a cock

>> No.26563143
File: 123 KB, 1063x545, wtf.jpg [View same] [iqdb] [saucenao] [google]
26563143

>>26552184
How can i safely delete this shit?

>> No.26563710

>>26560787
> ~20 mbps download
A barely okay speed. Don't know what else it could be. Oddly enough the closer I've gotten to finishing the download the slower it's gotten. Before, I could get 10-12% of the chain downed in a day, now it's at about 1-2% down per day.

>> No.26563738
File: 713 KB, 1079x1215, 1610051434926.jpg [View same] [iqdb] [saucenao] [google]
26563738

>>26561288
based dubs bountyposter

>> No.26563892

>>26563143
Thats the chain file, why? Just exit client and del it.

>> No.26564000

>>26563892
Yeah did that, I just relocated the blockchain to my hdd, it was fucking my C:/ SSD

>> No.26564001
File: 327 KB, 700x500, dj billybool and monero-chan.png [View same] [iqdb] [saucenao] [google]
26564001

>UNKNOWN AMMOUNT!

>> No.26564114

>>26564001
tremendously based

>> No.26564275

>>26552965
can't lose anything with XMR. Take the final redpill. EOY:
1 XMR = 1 XMR

>> No.26564586

>>26553331
or more downside who knows?

>> No.26564616

>>26564001
>buy this and let unknown amount of hidden inflation visit you at night

>> No.26564735

>>26561288
well, this post does not have (you) so there must be at least two of us. If you want to get rid of your precious moneroj put it into the getmonero.org general fund

>> No.26564853

>>26561288
I'm convinced the 0x shill and the anti-0x guy are both bots in an arms race to detect and post in monero threads. I've never once seen their IDs make another post

>> No.26564893

>>26553316
>>26553261
BTC should still be 50% of everyone's portfolio.

>> No.26564939

I will only buy coins accepted by drug and loli traffickers just has it is intended in a AnCap society.

>> No.26564971

What do you guys think about changing the logo color? There have been some murmurs on Monero forums about getting rid of the ugly orange.

>> No.26565041

>>26564893

Im 20% BTC/80% Monero long run.

I was listening to a podcast with bitcoin maximalists calling XMR a shitcoin and only usable to move in and out of BTC.

What these morons dont seem to understand is when bitcoin billionaires start being minted do you really think they will move in and out of XMR with atomic swaps or just convert a part of there massive stash to XMR long term so they can move wealth around without being monitored by the chainalysis surveillance state?

These fuktards dont realize government is gonna have its boot up BTC's ass its basically a surveillance blockchain and the whole blacklisting addresses and tainted coins really leads me to believe these stupid wall street fucks and normies have no clue that BTC has an Orwellian 1984 future coming.

BTC is the opt out of the BRRR printing from govts.

XMR is the opt out of surveillance state BTC.


Long term I think this means that BTC eats the world and XMR slowly eats BTC. What do you think happens when people realize how important privacy is and large mexican cartels start hoarding XMR and atomic swaps drive up the price of XMR because of tainted BTC.

For the next 20 years XMR is actually more scarce than BTC and has slightly lower inflation rate which is below one percent a year.

The trade of a generation is here in plain sight and yet 99% of /biz is going to miss it.

>> No.26565080

>>26564735
based
>>26564853
you have a point there

>> No.26565355

>>26552518
way too specific lol

>> No.26565359

>>26565041
In my opinion, XMR is what everyone thought BTC was and would do when they first heard about it. I’ve really come to hate what the kike handlers have done to the world in the past year. I don’t even care if XMR moons, I just more people to use it.

>> No.26565406

Market has decided Monero is a shit coin?

Has done nothing but go backwards for months while other alts are up 100-200%

>> No.26565440

>>26552184
Would invest but have a strong gut feeling that this currency would be made illegal in some way because of how untraceable it is.

>> No.26565497

>>26565359

XMR has always been a long term play. Im pretty confident that if we see BTC go 10-15x from here or eth go 50x from here XMR can easily go 100x or more depending on global factors.

Mexican drug cartels still think BTC is private. Wait till they find out about monero. Its going to be the global reserve currency for the entire offshore economy.

In the meantime just keep stacking and enjoy ur life knowing that once atomic swaps come online late this year u will be holding the most important asset in the history of the world (hint its not BTC).

I compare BTC to Hewlett Packard. Yes they were the first to innovate but does anyone still own HP stock?? Fuk no things evolve and they hold Google, Tesla, MSFT etc

>> No.26565524

>>26564971
fuck no, it looks great

>> No.26565528

>>26565440

How does being made illegal matter if we dont need exchanges anymore with atomic swaps?

How can you ban something like that?

>> No.26565738

>>26565524
A yellow-gold color would look more appropriate and marketable.

>> No.26565781

>>26565528
Atomic swaps seem like the answer but I'm sure the surveillance party will find a way to track which bitcoins had been atomically swapped to monero.

>> No.26566145

>>26564853
>the anti-0x guy are both bots
have seen at least one other chad who customized the copypasta and not long ago the copypasta was always posted witth the same lint-green monero knockoff logo

Thus I conclude there must me at least three of us retards to repost it manually

>> No.26566156

problem with Monero is I keep putting off buying it. and apparently I'm rewarded for doing so because the price keeps going down. it's the opposite of FOMO. it feels like if I just wait longer, it'll be even cheaper

>> No.26566195

>>26565781

nope the swap breaks the transaction.

>> No.26566249

Has any of you guys tried to mine Monero using an android phone? Wha app did you use?

>> No.26566258

>>26565355
it's 1ppm (1 millionth) of the suppy at the point where the block reward starts to be a constant 0.6XMR

>> No.26566271

>>26565781
atomic swaps appear on chain as bitcoin moving from one wallet to another, just like a normal transaction

>> No.26566329

>>26565781
Well as of today that would be possible, but atomic swaps require bitcoins taproot feature (which is to be introduced soon) which causes all transactions, even complicated ones like atomic swaps, look like just a normal transaction.

>> No.26566388
File: 111 KB, 625x666, color-emotion-guide.png [View same] [iqdb] [saucenao] [google]
26566388

>>26564971
>friendly
>cheerful
>confident
fits pretty good to monero and the community around it, imo

>> No.26566434

>>26566249
You can barely run a full node on a phone, let alone mine on it.

>> No.26566813
File: 41 KB, 1080x1213, 1595972272498.jpg [View same] [iqdb] [saucenao] [google]
26566813

>>26552184
How /fit/ is /xmr/?

>> No.26566845
File: 119 KB, 984x800, 1611582376193.jpg [View same] [iqdb] [saucenao] [google]
26566845

>>26552184
i need to get 2 more XMR to be comfy

>> No.26566851

>>26566258
you know what, that was obvious in retrospect and i'm a ducking midwit. that said he asked for the suicide stack, not the make it stack

>> No.26566914
File: 901 KB, 961x863, sat.png [View same] [iqdb] [saucenao] [google]
26566914

>>26566845
1238 XMR
>based
Known ammount
>not based

>> No.26566944

>>26565497
>eth go 50x from here
hahahahaha

>> No.26567092

>>26566845
you need to get rid of 4 xmr desu

>> No.26567132
File: 8 KB, 262x192, download.jpg [View same] [iqdb] [saucenao] [google]
26567132

>>26567092
why

>> No.26567151

>>26567132
because you'll have 1234 :3

>> No.26567157

>>26567132
1234

>> No.26567172

>>26566249
You can mine on android, I am positive. Some anon on here was using like 6 smartphones to mine XMR lol

>> No.26567187

>>26566434
You don't have to run a node or download the blockchain to mine Monero. You just need a processor

>> No.26567217

>>26567151
>>26567157
More is better than less, buddy

>> No.26567272

>>26566851
>that said he asked for the suicide stack, not the make it stack
18.7 suicide stack
50 comfy stack
100 make it stack

at least this is the general rule of tumb here

>> No.26567312

>>26566845
when did you start accumulating?

>> No.26567315

>>26567217
You have a pretty big bag, aren't you afraid of being traced and having those monegros linked to you?

>> No.26567369

>>26554152
>Actually, I see the risk more for the Defi tokens where most of the casual traders will be baffled by the regulation thrown at them
Not only that, but there are many ghost blockchains, i.e. blockchains+tokens with millions or billions of dollars in market cap but with zero activity on the blockchain itself. Many of these ghost blockchains will see their value migrate to active blockchains.

>> No.26567532

>>26567217
send them to another wallet then

>> No.26567610

I dont have a clear idea on how much XMR I have and how much it values now. I barely check the price for this coin.

>> No.26568152

comfy holding, pump is coming soon

>> No.26568293

>>26567312
December 2018

>> No.26568368
File: 86 KB, 624x850, 16097247387725958660796325037870.jpg [View same] [iqdb] [saucenao] [google]
26568368

>>26568152
>comfy holding, pump is coming soon

Do you hear the anons sing?
Singing a song of unkown men?
It is the music of a people
Who will not be traced again!
When the beating of your heart
Echoes the pumping of the chart
There is a bull-run about to start
When tomorrow comes!

>> No.26568524

>>26568293
Wow, it was cheaper back then (40€ for those reading along), but you still put a lot of cash in to a rather young currency. Based, glad to have you here

>> No.26568733

btw, /biz/ mining pool when? i feel as if we should put our cpu's where our mouths are and drop our collective dicks on the table

>> No.26569109
File: 2.88 MB, 300x200, ok nigger.gif [View same] [iqdb] [saucenao] [google]
26569109

>>26568733
Not a bad idea actually. Don't know what autist would manage it tho.

>> No.26569145

>mfw my friend told me to buy this years ago and I shyed away.


IT HURTS

>> No.26569721

>>26569109
can't we automate this with smart contracts or some shit? worst case scenario we go really low tek with it, all you need is a domain and some code to split the profits

>> No.26570597 [DELETED] 

>>26567132
>>26566845
Did you have a twitter account that you deleted?