/biz/ - Business & Finance

>>28186370
>how is this allowed?
how are you gonna stop it?

>>28186370
XMR is what BTC claims to be.

>>28186370
Xmr is a scamcoin.

>>28186523
the real scamcoin is USD

>>28186416
Make it illegal to interact in any way with the Monero blockchain, monitor all traffic through ISP's in north america and block Monero interactions (this would render VPN's useless)

>>28186370
how do you cash out without going through a app or paying 30% to a crypto atm? Monero is traceable, the transactions aren't.

>>28186370
>what's stopping criminals/companies from laundering money and cashing out

Exchanges banning it. If you can't go from Monero to cash criminals are going to be gigafucked unless you can buy mansions with Monero straight in 2040.

Monero is amazing but you have to be a complete faggot to think it has value. Even those countries that don't ban BTC, will ban Monero because it's too private. It has been delisted and will be further de-listed from exchanges, and there will just not be many buyers due to it's nature.

>>28186664
Wait.. what? I've never seen a post make less sense than yours. The whole point of using Tor or a VPN is so your ISP can't see your traffic.. you're traffic is wrapped in an encrypted tunnel and can only be seen at the point the traffic exits the tunnel (the VPN server, or the Tor exit node).

If you want a cracker of a privacy project, which is extremely undervalued and is literally going to change the way developers implement native privacy into software, I suggest you check out oxen
> https://docs.oxen.io

p.s. talk less shit bruh

Can i buy monero with btc and then buy btc again with a different new clean wallet to lose trace?

>>28186855
atomic swaps coming

>>28187342
yes you stupid fucktard

>>28187202
>bruh
opinion discarded

>>28186664
seethe, cry and shit yourself

>>28187425
I literally can't wait

>>28187342
Yep, you can. Once the funds go to a XMR wallet they've literally entered a black hole. However, you need to be smart if you're truly trying to hide from someone attempting to track your transactions. A couple of examples:
> offline wallets if possible
> always use TOR if you need to interact with an exchange or online wallet.. no exceptions on this one
> don't re-use any wallets
> after sending to XMR, don't send to BTC straight after
> even better, send to multiple BTC wallets, each with differing amounts and at differing time intervals

This increases difficulty of tracking your internet usage and makes it harder to correlate transactions into XMR with outgoing to your fresh wallet.

>>28186370
The problem is by the time they comprehend applications like this they would be logically compelled to abandon their authoritarian worldview. The very existence of one-way functions is such a death-blow to surveillance, it's like God himself just rugpulled the fabric of reality out from under surveillance agencies right before they thought they were gonna end history.

>>28186664
>Make it illegal to interact in any way with the Monero blockchain
>the blockchain
you can download the blockchain from a torrent and verify it yourself you stupid fucking nigger. there is no centralized location of any blockchain

>>28186664
LMFAO, please stop, I'm ashamed for you.

>>28186370
you can't cash out

>>28188661
why not?

>>28186370

How would you use Monero to launder money exactly?

>>28188661
because exchanges delisted it duh

>>28188661
localmonero.co

>literally cash out with Fiat too strangers.
Sometimes your LARP's are retarded

>>28189493

Delisted? You can buy/sell it on Kraken

>>28186664
>>28186523
>>28188661
>>28189493

>>28186370
Most cryptos are untraceable if you take the correct steps to not link your coins with your true identity.

>>28186787
Buy physical gold using crypto and then cash it out.

>>28190252
then kyc will come to that place as it did to localbitcoins. i have bee quarreling with localbitcoins about my stuck balance i don1t want to give those pajeets my kyc i just want my coins back. they refuse to comply.

>>28190826
kek, what a retard.
most cryptos use transparent ledgers.

>>28186370
>what's stopping criminals/companies from laundering money and cashing out?
Nothing, that's why we like it. You can sell shitcoins to Bobby "Two-Feet" Malone for a massive profit and he'll flip it immediately. Probably lose a couple hundred in the transaction, but he makes cocaine money, he doesn't give a shit.

>>28186490
All the criticisms of XMR are the exact same arguments I heard against BTC 8 years ago.
>It’s only used for illegal activities!
>the price won’t go up because it’s an actual currency
>It’s too hard for normal people to buy it

>>28186370
It's allowed because the IRS is literally retarded. They and the SEC are so out-of-touch with real world developments they still think that Bitcoin can't be traced without their super advanced chainanalysis tools. They're just beginning to find out Monero exists.

And, most importantly, XMR IS NOT ILLEGAL

>>28192986
some things never change.
ma main problem with monero is that altho it's quiet well engineered it's dumb as fuck even compared to bitcoin.

>>28186664
Israelian by chance?

>>28186370
>untraceable crypto currency, how is this allowed? what's stopping criminals/companies from laundering money and cashing out?

>>28187516
>bruh
opinion enhanced
>>28192682
why would the people running a peer to peer exchange specifically for a privacy coin all of the sudden enable KYC? they even have an onion. I would hope they don't back down.

>>28187202
>Using emojis in the middle of sentences in an official document
Fuck this gay earth

>>28186664
>this would render VPN's useless
I am now fully convinced /biz/ is the most retarded board on the site.