/biz/ - Business & Finance

plenty of people use tornado.cash, but nobody uses monero or litecoin

>>50871770
monero will never make more than a 5x in gains plus it has no smart contracts so there's no chance of a shitcoin turning random people into millionaires over night forming so there's no need to worry about it. Tornado cash is dangerous because anyone could just sneak 0.1 ETH into a metamask account then start trading or scamming retards then become a billionaire in two seconds

isn't litecoin just optional privacy? wheres the value in that? you're just making yourself look like a target for using it

>>50871812
they say you can build smart contracts on top of bitcoin can't you do the same for monero?

>>50871829
Monero already has smart contract capabilities, an atomic swap is one and is already working. It's just not a smart contract
>platform
like Ethereum where you can get extreme chain bloat through monkey jpegs and uniswap shitcoins because you can add your own contracts and use the EVM functionality.

>>50871792
>>50871812
doesn't matter because you can do the same thing, move any amount of funds anonymously

>>50871876
is it as capable as OmniLite?

>>50871792
The entirety of deepweb uses monero

>>50871770
Because eth devs go to north korea and explain to them how to use eth. pic related.

>>50871770
They can't break Monero privacy so they can't apply sanctions to anyone.

>>50871770
it shows that tornado cash worked, maybe monero isn't all that anonymous after all
or maybe it's next on the target list

because they can

>>50871770
Because tornado was used to launder literal billions. Monero is used by retards to buy $5 worth of drugs.

>>50871770
>bans tornado cash
these boomers are banning shit that came out 3 years ago, they dont even realize now there are protocols that not only mask your usdc/eth, but can privatize EVERY transaction which released a few weeks ago, I wont name it hear not doing the glowies homework for them

when the fuck are atomic swaps for eth - xmr going to be released?

>>50874261
well, give sauce anon

>>50871770
Because they can ban a service but not a cryptocurrency.

>>50871812
Isn't this a good thing, though? monero is literally what all the crypto people originally wanted a currency to be, stable. not moving the needle a fucking inch. as stable as a rock. people who are for real about internet money are obviously going to want to park their money in a currency that doesn't fluctuate too much and is as stable as humanly possible.

>>50871792
Monero did 25000 transactions yesterday alone, about 9% of what Bitcoin did, much of them were actual purchases (DNM's) rather than just shuffling or trading. That is orders of magnitude more commerce being facilitated by Monero than pretty much any given shitcoin.

>>50871812
>>50871829
>>50874196
picrel

>>50874249
Monero is used by the 'Ndrangheta for transatlantic coke deals.

>>50874155
Norks are literally mining Monero right now.

bump xmr is true

>>50871770
being charitable to his captors, I can imagine a situation like >>50874155 where he is under prosecution not for creating the software but for deliberately educating and facilitating its use by a sanctioned group

>>50874320

>>50871770
There is always 0xMonero's 0xTIP off-chain privacy solution for Ethereum users.

How tf do u “sanction” a decentralized dapp?
Fuckin boomers i swear

>>50871885
If one vector of evading the law is 100x more prominent than another, obviously that's the one law enforcement will crack down on

>>50871770
Because Tornado's SNARKs can't be cracked (despite what Monero fanboys keep yelling about their trusted setup) but Monero's "obfuscation" is laughably weak.
/thread

everything that gets hacked on a routine basis happens through smartcontracts. tornado cash will let you use ethereum addresses. i'm suprised people can't put the two together here

>>50874802
>Monero did 25000 transactions yesterday alone, about 9% of what Bitcoin did
OK.
>much of them were actual purchases (DNM's) rather than just shuffling or trading.
Wrong. Monero is under constant spam attack to weak then privacy set.
Glowies started with a dumb flood. Monero devs noticed it and wrote about it https://mitchellpkt.medium.com/fingerprinting-a-flood-forensic-statistical-analysis-of-the-mid-2021-monero-transaction-volume-a19cbf41ce60 Then glowies moved to a smarter flood. The anonymity set is small as is (just 11 possible values; 100k for Tornado) but when 99% of outputs are spam, it shrinks to nothing.