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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 845 KB, 1920x1080, MuhBoatingAccident.png [View same] [iqdb] [saucenao] [google]
54581862 No.54581862 [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 fungible, 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 ensure that Monero's blockchain is obfuscated -- In other words, 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 user willingly providing a view key.

Monero has also improved upon the scaling downsides of current popular cryptocurrencies. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of transactions 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 to 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 gradually approached 0.6 XMR in June 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.

XMR Redpill: https://yewtu.be/wq6w03E2DS4

XMR Stats: moneroj.net

USE Monero: https://cryptwerk.com/pay-with/xmr/

OFFICIAL WEBSITE - getmonero.org

WHERE TO GET MONERO?

>KYC:
Kraken
Binance
Bitfinex

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

>Mining
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official Gui/Cli
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo

>> No.54581877
File: 577 KB, 1298x900, 162614854231641471.jpg [View same] [iqdb] [saucenao] [google]
54581877

PREVIOUS THREAD: >>54516744

>> No.54581893
File: 888 KB, 1568x1080, P2Pool.png [View same] [iqdb] [saucenao] [google]
54581893

START MINING IN P2POOL
>START MINING IN P2POOL
START MINING IN P2POOL
>START MINING IN P2POOL

P2Pool combines the advantages of pool and solo mining; you still fully control your Monero node and what it mines, but you get frequent payouts like on a regular pool.

P2Pool has no central server that can be shut down/blocked because it uses a separate blockchain to merge mine with Monero. There's no pool admin that can control what your hashrate is used for or decide who can mine on the pool and who can't. It's permissionless!

Decentralized pool mining (P2Pool) is pretty much the ultimate way to secure a PoW coin against 51% attacks. Once P2Pool reaches & maintains 51%+ of the total network hashrate, Monero will be essentially invulnerable to such attacks.

Although many inexperienced miners think that bigger pools give better profits, this is absolutely NOT the case. Your profits in the long run depend ONLY on your hashrate, NOT on the pool's hashrate.


>YOU CAN NOW MINE IN P2POOL FASTER & EASIER THAN EVER BEFORE WITH THE GUPAX GUI. USES TRUSTED REMOTE NODES BY DEFAULT!!!!

1. Download the *bundled* version of Gupax for your OS here: https://gupax.io/downloads/
2. Extract somewhere (Desktop, Documents, etc)
3. Launch Gupax
4. Input your Monero address in the [P2Pool] tab. USE A SEPARATE MINING-ONLY WALLET!
5. Select a Community Monero Node that you trust, although you can and should run your own node if possible.
6. Start P2Pool
7. Start XMRig

VIDEO GUIDE: https://gupax.io/guide/

You are now mining to your own instance of P2Pool, welcome to the world of decentralized peer-to-peer mining!

>NOTE THAT DUE TO BOTNET SHENANIGANS XMRIG IS AUTO-FLAGGED AS MALWARE BY MOST ANTI-VIRUSES, SO DON'T FREAK OUT!!!


OLD GUIDE FOR P2POOL MINING FROM THE MONERO GUI WALLET: https://pst.klgrth.io/paste/eecbe

https://www.reddit.com/r/MoneroMining
https://web.xmrpool.eu/xmr-monero-easy-mining-guide.html
https://monero.hashvault.pro/en/getting-started
https://www.supportxmr.com

>> No.54581914
File: 65 KB, 560x558, TakeThePill.jpg [View same] [iqdb] [saucenao] [google]
54581914

*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****
*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****


Learn more about Monero's key features and excellent future prospects, have some common misconceptions dispelled and discover the cold hard facts about Bitcoin, Zcash and PirateChain. Also featured is a noob-friendly buying, storage and wallet guide.


>Monero: it's what new Bitcoin users think they bought. Every feature, explained
https://moneroinfodump.neocities.org


>Why Monero is so untraceable: a rundown of the powerful stealth tech Monero utilizes
https://moneroinfodump.neocities.org#MoneroIsUntraceable


>The Writing on the Wall: Monero replacing Bitcoin as the new standard
https://moneroinfodump.neocities.org#MoneroReplacingBitcoin


>Breaking News: no, Monero still isn't traceable
https://moneroinfodump.neocities.org/#RecognizingTraceabilityFUD


>Vaporware: why nobody is worried about CipherTrace's magic crystal ball
https://moneroinfodump.neocities.org#CipherTraceFail


>Very Clever Math: how we can verify that the XMR supply isn't being inflated
https://moneroinfodump.neocities.org/#MuhInflationBug


>Pssst, wanna buy some Monero? Follow these simple how-to guides
https://moneroinfodump.neocities.org#BuyAndStoreMonero


>Bitcoin: The Original Non-Fungible Token
https://moneroinfodump.neocities.org#BitcoinBlackpill


>Why Monero is Better than Zcash: the "privacy coin" criminals won't touch
https://moneroinfodump.neocities.org#ZcashBlackpill


>The Lowdown on PirateChain: why this Zcash clone is considered a scam
https://moneroinfodump.neocities.org#PirateChainBlackpill


>LATEST UPDATES

- added Proof-of-Stake update to Zcash Blackpill
- added list of available desktop/mobile wallets
- expanded all sections with more relevant info, graphics & videos
- added easily linkable headers and sub-headers (link icon to the far right)
- added a new section about traceability FUD

>> No.54581921
File: 1.47 MB, 1920x3246, CypherpunkManifesto.png [View same] [iqdb] [saucenao] [google]
54581921

Never forget what this is ultimately all about.

https://anarkio.codeberg.page/agorism/
https://freedomcells.org/

>Help grow the circular Monero economy: buy/sell goods & services with/for XMR!

https://monerica.com/
https://moneromarket.io/
https://www.reddit.com/r/moneromarket/new/
https://kycnot.me/services

>Live off XMR with Cake Pay (now available in 140+ countries!)
https://cakepay.com/

>or with CoinCards (currently US & CA only, UK, EU & AUS coming soon)
https://coincards.com/


>Monero stickers for guerilla marketing
http://monerosupplies.com/

>Buy silver/gold bullion with XMR (US only)
https://monerosilver.com/

>Monero-only VPS hosting
https://kyun.host/

>Win XMR!
https://monero.win/


Say buh-bye to Bitcoin and support the growing number of Monero-only darknet markets/vendors.

# = recently launched, exercise caution

>AlphaBay STATUS UNCLEAR!!
>Archetyp
>Astra #
>Asur Market
>Chimera Market
>Cloud Market
>Dark Matter
>Darkmoon
>FilthyFellas
>Gofish Market #
>Mercury Market #
>Mellow Market
>Retro Market
Links: https://pastebin.com/raw/yaUPVLvk


>LocalMonero is now available on I2P
http://lm.i2p/nojs/


Anonymously exchange BTC for XMR using a reputable darknet service

>Majestic Bank
>Elude EXIT SCAMMING! AVOID!
>Infinity Project
https://pastebin.com/raw/AnkqVGjp


or a reputable clearnet service

https://trocador.app/en/ | I2P: http://trocador.i2p/en/
https://xmrswap.me/
https://unstoppableswap.net/


>Want to support further development? Donate to the Monero General Fund or MAGIC Monero Fund
https://ccs.getmonero.org/donate/
https://monerofund.org/

>Have a particular set of skills? Join a Monero Workgroup and (potentially) earn XMR!!!
https://www.getmonero.org/community/workgroups/

>Want more Monero-chan? Donate to the Community Art Fund
https://www.monerochan.art/

>> No.54581939
File: 540 KB, 1764x866, i2p.png [View same] [iqdb] [saucenao] [google]
54581939

START RUNNING AN I2P NODE
>START RUNNING AN I2P NODE
START RUNNING AN I2P NODE
>START RUNNING AN I2P NODE


>What is I2P?

I2P is an anonymized P2P overlay network akin to the Tor network but with several key advantages over it. I2P is now replacing Tor as the go-to darknet and will play a pivotal role in growing the Monerocentric economy.


>Why should I care? Why should I run a node?

Increasing shadow economy adoption and the proliferation of an XMR-only standard are what guarantee that XMR will have a floor and won't also crash to zero when the Crypto Casino finally implodes. XMR's long-term outlook is therefore *strongly* correlated with the darknet, you may have already noticed how the number of TXs begins to drop whenever the glowies attack & cripple the Tor network, which underscores just how critical it is that the darknet wins this war against the State. Make no mistake: if the darknet is allowed to die XMR will take a devastating hit as well.

So by running an I2P node you are helping to make the network Monero thrives in that much more robust while also enraging glowies in the process. Win-win!


>OK, but how difficult is it? Do I have to store GBs worth of data like when running an XMR node?

It is literally as easy as installing an Android app and no, there are no storage requirements, the node only consumes some bandwidth.


>Cool, I'm sold. What do?

If you have no interest in browsing the darknet yourself then the simplest solution is to install & run the I2Pd Android app on any compatible (Android 4.1+) device, ideally a TV box since they don't require recharging and are permanently online. But any old phone or tablet is fine too. Make sure you activate "start on boot" in the settings.

https://github.com/PurpleI2P/i2pd-android/releases/latest


Otherwise just install the appropriate desktop client and leave it running.

https://github.com/PurpleI2P/i2pd/releases/latest


The console is accessed via http://127.0.0.1:7070/ or the menu in Android.

>> No.54581955
File: 1.03 MB, 1127x1920, 107135691_p0.png [View same] [iqdb] [saucenao] [google]
54581955

Reporting in,
fuck Bitcoin.

>> No.54581965
File: 267 KB, 550x1198, BTC-halving.jpg [View same] [iqdb] [saucenao] [google]
54581965

>No tail emission = Bitcoin is fucked

Right now, at the current hashrate, miners break even on energy expenses at a BTC price of $22K. Post 2024 halving, that break even point, at the current hashrate, goes up to $44K. If BTC does not go to $44K, miners will be unprofitable and hashrate will have to drop (miners going out of business) to reduce the cost of securing the network, also reducing the security.

If you know anything about the power of 2, you already know that things get very big, very fast. If we’re 3 halvings into 32 total halvings, then the estimated break even point for miners at current hashrate going into the last halving would be:

$22,000 * (2^27) = $2,952,790,016,000 per BTC

$2,952,790,016,000 per BTC * 21 Million total Bitcoin = $62,008,590,336,000,000,000 BTC Market Cap

The block rewards shrink so fast that after enough halvings Bitcoin would eventually require a $2.95 trillion price per Bitcoin and a $62 quintillion market cap to sustain the current cost of $7.15 billion/year.

Even if these numbers were somehow realistic, can you imagine securing a $62 quintillion market cap on only $7.15 billion/year of hashrate? LOL.

And that’s assuming energy costs do not increase at all over the next 120 years, which they will.

So basically BTC mining will eventually become so unprofitable the hashrate (network security) will shrivel up UNLESS it is subsidized by BTC transaction fees.

https://cryptostackers.substack.com/p/bitcoin-is-not-a-store-of-value

>> No.54582123
File: 212 KB, 1116x1166, 1621943471634.jpg [View same] [iqdb] [saucenao] [google]
54582123

>Trusted technology, growing adoption

Zcash was launched by one of the most respected technical teams in the world.

Zcash is the 'https of blockchains,' protecting your freedom to save and spend as you like.

Zcash was the first project to implement zk-SNARKs, a novel form of zero-knowledge cryptography that gives its users the strongest privacy available in any digital currency.

Multiple, independent organizations are funded to innovate on Zcash.

Zcash is already available on top exchanges, digital wallets and a growing number of applications.

>> No.54582146
File: 1.28 MB, 1145x3404, G63gsFs7wbnasGVs3.png [View same] [iqdb] [saucenao] [google]
54582146

This is what Monero chuds dont want you to know.

Buy Zcash if you actually want to make it.

>> No.54582233
File: 385 KB, 1700x956, zshill.png [View same] [iqdb] [saucenao] [google]
54582233

Buy ZCash if you want to able to see in the dark.

>> No.54582285
File: 140 KB, 1178x1084, FZ2KyMCWAAApWbi.jpg [View same] [iqdb] [saucenao] [google]
54582285

>>54582233

Yet the literal founder of Monero is a proven Interpol asset.

>> No.54582338
File: 2.41 MB, 225x255, happy.gif [View same] [iqdb] [saucenao] [google]
54582338

You vill eat ze bugs.
You vill live in ze pod.
You vill use z-cash.

https://i.4cdn.org/wsg/1681431750187774.webm

>> No.54582416
File: 470 KB, 851x751, rich-zeze.jpg [View same] [iqdb] [saucenao] [google]
54582416

>>54582338

No compliance = no moon mission, nimrod.

But keep on larping as bad ass revolutionaries, see how that works out for ya lol

>> No.54582434
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54582434

Threadly reminder that there is now a parallel XMR General on the darknet imageboard BitChan where you can post with the absolute maximum degree of privacy possible.

Why bother? Well, remember that every time you post on 4chan the content + your IP address are being logged and that data can and will be made available to LE/glowies upon request.

So if you need to ask a very delicate question, want to make a potentially incriminating announcement or you otherwise just absolutely positively DO NOT WANT to risk being deanonymized, the BitChan thread would be the place to do it.

The slightly higher barrier to entry also serves as a badly needed retard filter so a lot of us post there simply to avoid the hordes of mouth breathers that befoul this otherwise delightful basket weaving forum.

>How do I access BitChan?

You need to have I2P configured & running on your device. Fortunately, pre-configured browser bundles are now available and make everything easy. Since most of you lazy faggots are still using Windows we'll default to that for the following guide:

1. Visit https://i2pd.website/ and click on 'Download I2PdBrowser'.
2. Download either the I2PdBrowserPortable_xxx.7z or .exe file. Extract/install it.
3. Run the StartI2PdBrowser.bat batch file to launch. Adjust firewall settings/port forward as required. Port forwarding > UPnP

A cmd window will pop up and initialize the process. A windowed Firefox instance should soon appear. DO NOT RESIZE IT! Browser fingerprinting is a thing. Once pic-related appears you are officially browsing the darknet! You can monitor yr I2P service by visiting http://127.0.0.1:7070/ in yr *regular* browser.

Then simply copy/paste the following link into the address bar as per usual:

http://bitchan.i2p/thread/BM-2cVPN9mi9oBKATjNxKkopHJSCU9ah7wQwW/047186ce462d

You may have to complete a CAPTCHA on your first visit. Also, NEVER, EVER ENABLE JAVASCRIPT!!!!

Keep in mind that page loading takes longer on the darknet, so be patient.

>> No.54582554

sucks monerofags can't enjoy the pumps with everyone else.. glad i only use monero for transactions and not speculation

>> No.54582600
File: 56 KB, 1293x813, Screenshot from 2023-04-13 20-43-32.png [View same] [iqdb] [saucenao] [google]
54582600

>>54582416
it's going pretty well TBHBBQ
Even if it were true that zcash's tech was better, you would be better off using a zerocoin fork that doesn't have a massive premine and doesn't give a 20% cut of mining reward to the creators.
Zcash is not the next monero. At best, it's the next bytecoin. If there is any worthwhile tech, it will be forked from the terrible governance

>> No.54582627
File: 1.22 MB, 1214x1080, AbsoluteStateOfCrypto.png [View same] [iqdb] [saucenao] [google]
54582627

>>54582554
>sucks monerofags can't enjoy the pumps with everyone else

Monerofags will enjoy not crashing to zero once the Crypto Casino finally implodes.

>> No.54582680

>>54582123
>>54582146
threadly reminder zcash troons (all 2 of them) can't even keep a general alive

>> No.54582698

>>54582416
keep seething mooncuck

>> No.54582721
File: 241 KB, 1600x900, FqTMtS2aUAQ045R.jpg [View same] [iqdb] [saucenao] [google]
54582721

>>54582680

Spewing torrents of baseless FUD will do that.

But Zcash WILL have its day.

>> No.54582735
File: 90 KB, 571x602, Fd7gM4RWAAMC9rM.jpg [View same] [iqdb] [saucenao] [google]
54582735

>>54582698

Nothing to seethe about when you're this comfy.

>> No.54582769
File: 638 KB, 1291x718, Screenshot from 2023-04-10 16-14-52.png [View same] [iqdb] [saucenao] [google]
54582769

>>54582735
you are the least comfy poster in /biz/ history my nigga

>> No.54582808
File: 198 KB, 2048x1065, E1bagZRWUAMm6oj.jpg [View same] [iqdb] [saucenao] [google]
54582808

>>54582769

You'd be surprised how comfy we are.

>> No.54582943
File: 3.33 MB, 7680x4320, Monero Logo Camoflauge.png [View same] [iqdb] [saucenao] [google]
54582943

>>54581862
I'm camo'd up, don't give a fuck
Shoot you down like a buck
Run you down with my truck
To the ground, you're out of luck
I'm camo'd up, suck my cock
Shoot you down with my Glock
Run you down, out of town
With my truck, I'm camo'd up
Camo'd up
Camo'd up
Camo'd up in the swamp
On the block with my Glock
Walk and talk in my Crocs
Rock and roll, I'm on patrol
Who are you? I don't know
Ammo dump into your soul
Camo'd up, out of control
Don't give a fuck in Mossy Oak

Camo'd up with 30 mags
I'm coming up, you're in the back
Sucking dick like it's fun
I'm in the truck with your mom
Camo'd up with 30 bands
Fucking up your favorite bands
Realtree Edge, my favorite brand
30 Glock up in your glands

This ain't multicam, it's Badlands
I might be a bad man
I might be the bad guy
Say goodnight, say goodbye
Realtree Edge and AP
Mossy Oak Infinity
I'm coming up, I'm royalty
I'm camo'd up, you're nobody
I'm camo'd up, don't give a fuck
Shoot you down like a buck
Run you down with my truck
To the ground, you're out of luck
I'm camo'd up, suck my cock
Shoot you down with my Glock
Run you down, out of town
With my truck, I'm camo'd up

>> No.54583040

Chad Zcash transaction: I hereby spend 1 out of million UTXO in the shielded pool, you'll never know which
Onions XMR transaction: 1 out of 16

>> No.54583126
File: 1.84 MB, 3000x1688, doitforher2.jpg [View same] [iqdb] [saucenao] [google]
54583126

>> No.54583389
File: 455 KB, 1194x1910, m8rnvb15owb51.png [View same] [iqdb] [saucenao] [google]
54583389

Why does cash have such shitty reddit tier memes and only like 3 pics of their waifu? Why do they shit up xmr threads constantly? They have to know they're not convincing anyone in this thread.

>> No.54583424
File: 266 KB, 1200x1145, wirey.jpg [View same] [iqdb] [saucenao] [google]
54583424

Reporting in
##################################
Swimng Pool - https://pastebin.com/raw/Mb7Dyg24
IRC - https://pastebin.com/kP1gZ1Hk
##################################
Education - https://pastebin.com/V0SFR8qU
Mining - https://pastebin.com/Rd1V8P5L
Nodes - https://pastebin.com/j6Vv2Xn6

>> No.54583436
File: 1.30 MB, 2700x3430, 168126423118539954.jpg [View same] [iqdb] [saucenao] [google]
54583436

I mean monero was a fork of some premined corporate coin if i remember correctly? /biz/ should fork zcash and delete the premine too

>> No.54583526

>>54583436
Already plans (talks of plans? or just talks?) of taking some of the fancy zkp tech they were so polite to beta test

>> No.54583790
File: 450 KB, 1024x838, Fe0B6vMWQAAZdmb.jpg [View same] [iqdb] [saucenao] [google]
54583790

>>54583389

Unlike you weaboo faggots we focus our attention on actual adoption rather than anime sluts.

>> No.54583835
File: 102 KB, 840x799, 34f45sf.jpg [View same] [iqdb] [saucenao] [google]
54583835

>>54583526

Its all fun and games until the ECC lawsuit drains your General Fund dry.

Its actually pretty pathetic that the (current) #1 privacy coin has to steal tech from a lower ranked competitor to stay relevant

>> No.54583917
File: 323 KB, 588x800, IMG_20230319_110218_e.png [View same] [iqdb] [saucenao] [google]
54583917

>>54583790
Kek good one anon. We know its really because youre afraid of being sued by that faggot zooko for copyrifht infringement on that gay little Z.
>2023 is ZEC's year, theyre finally going to gain a biz general thread adoption, i can feel it.

>> No.54583956
File: 149 KB, 1080x1080, 20230410_185418.jpg [View same] [iqdb] [saucenao] [google]
54583956

What's up with all those Zcash shills in here? And someone explain to me why Zcash sucks.

>> No.54583995

>>54583956
They spend too much on marketing. That's also why their coin always dumps so bad, because they need to sell in order to keep their house together.

>> No.54583996
File: 206 KB, 1280x720, 168125292404249139.jpg [View same] [iqdb] [saucenao] [google]
54583996

I use monero but I'm tired of sending XMR from myself to myself over and over just to increase untraceablity
If people accepted Zcash I don't have to do this
It takes pointless tx fees too

>> No.54584009

>>54583996
You don't need to do this. Just send it.

>> No.54584035

I'm actually pretty happy with how XMR is doing. Everything looking great, tokenomics on track. Possibly the best money on the world.

>> No.54584065

>>54583790
>we focus our attention on actual adoption rather than anime sluts
Then why make a waifu and shitty reddit memes in the first place? Why post the shitty reddit memes here? You have to know they aren't convincing anyone. Why don't you stay on reddit?
>>54583996
That sounds like ur retarded.

>> No.54584162
File: 74 KB, 998x1033, Fr1DSzPWcAEN9ZF.jpg [View same] [iqdb] [saucenao] [google]
54584162

just setup a fullnode because I dont like glowies and I hope they get ran over

>> No.54584189

>>54583956
Its a guy to swore he would spam this threat every single day, i think he is a tranny as well if i remember correctly and basically he lives a lonely life.

>> No.54584254
File: 16 KB, 500x500, C40777AE-8E44-4840-89E2-DBF12D97C163.jpg [View same] [iqdb] [saucenao] [google]
54584254

>>54584065
better careful than (((them))) breaching my door

>> No.54584356
File: 1.30 MB, 800x1296, file (28).png [View same] [iqdb] [saucenao] [google]
54584356

>>54584254
Unless you're actively trying to undermine or embarrass the state, they're likely not going to go after you. Look at that guy that leaked Ukraine shit on discord or the dudes at the Capitol on Jan 6. They go after those fuckers. Not some dude buying drugs on the internet with Monero. That could change one day though but then they'd have to try and crack it and there's no evidence they've done so yet.

>> No.54584765

>>54584356
Monerochan makes a very cute Lady Liberty.

>> No.54585190

Should I trade all my eth for Monero

>> No.54585264

>>54585190
50/50

Not even necessarily as a traditional investment, but as a private Swiss bank account to act as a hedge against the CBDCs and cricket paste.

>> No.54585401

So much green everywhere and monero is crabbing

How do you guys continue to hold this piece of shit don’t know how you do it?

>> No.54585540
File: 21 KB, 400x300, monero-not-asic-compatible-400x300.png [View same] [iqdb] [saucenao] [google]
54585540

Anything that isn't PoW is a scam.
Anything that isn't ASIC resistant is a scam.

>> No.54585553

>https://yewtu.be/watch?v=RPfA_uqeo->8&t=3491s
>A Cypherpunk Manifesto | Crypto Anarchist >Series | Episode 2 (WiM299)
Talking about Monero is a shitcoin or not, thought on his take? Pretty positive for a bitcoin maxi imo

>> No.54585556

>>54583956
look ma, it's me

>> No.54585561
File: 266 KB, 2633x1331, 1676838144427919.png [View same] [iqdb] [saucenao] [google]
54585561

>>54585553

>> No.54585810
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54585810

>>54584009
I can just short XMR on Binance 100x leverage, rent bunch of EC2 clusters, 51% attack monero

>> No.54586115

>>54585810
Why don't you then?

>> No.54586291

do you really have to spam those cringe moneroinfodump.neocities.org copeposts every thread?
makes monero baggies look worse than xrp baggies

>> No.54586396

>>54583835
>steal
monero devs are (or will be?) making their own implementation. anyway, zero knowledge proofs are a new technology and it hasn't been fully battletested so monero devs are not in a rush to replace ring signatures because they work i.e. they protect your privacy.

>> No.54586459

>>54586396
in reality ring signatures are already highly vulnerable in practical ways, while zkps aren't.
what altbaggies don't get though is that you neither need zcash's coin to use zkps nor monero's coin to use a middling ring signature scheme. it's retail adoption and retail adoption alone that matters. zcash will never have any, and monero's being squeezed on all sides.

>> No.54586477

>>54585401
>20 year old laptop
>steel seed storage
ez

>> No.54586488

>>54586459
>in reality ring signatures are already highly vulnerable in practical ways
do tell, anon. how are they vulnerable? can you show us all ring signatures being exploited?

>> No.54586757
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54586757

enormously bearded professors at stanford has worked hard to prove that zcash's underlying security model is reducible to ECDLP
yet some genius at 4chan wants it to be "battletested"

>> No.54586828

>>54586757
first of all theory is not the same as practice. secondly academia in 2000+23 is a joke. i know for a fact that ring signatures work. can't say the same about zero knowledge proofs because zcash is only optionally private and privacy set is also not anything close to that of monero. technology might be god tier but zcash implementation is not.

>> No.54586852
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54586852

>>54586757
>yet some genius at 4chan wants it to be "battletested"
yes.

>> No.54587035
File: 238 KB, 987x1092, 16805130921751288.jpg [View same] [iqdb] [saucenao] [google]
54587035

>>54586828
>theory is not the same as practice. technology might be god tier but zcash implementation is not.
honestly i have to agree. there had been a double spend bug in the og implementation but no one noticed it as balances in the shielded pool are private. complex cryptography -> complex implementation -> critical bugs.
>academia in 2000+23 is a joke.
cryptography is a hard science. its not bad compared to gender studies
>privacy set is also not anything close to that of monero
no

>>54586852
i simp for peter todd but this is a midwit take. le more choice bad. the exact same exploit can be done for monero lmao if the input and output of tx was public

>> No.54587523

>>54581862
Is there any hope for Monero going back in sats?

>> No.54587932

>>54587035
>le more choice bad.
you can be as public as you want to be with monero. the only question is which is the more valuable default. monero has the more valuable default.

>> No.54588011
File: 1.42 MB, 1920x1080, Satanichia Monero.webm [View same] [iqdb] [saucenao] [google]
54588011

the ztard in these threads is either one of us trolling out of boredome or genuinely fucked in the head.

so much persistency, every thread, always posting the same crap. actual insane person behavior.

quite impressive to witness, you'd think anyone with a sliver of sanity left would fold, just give up and leave after zec dropped out of the top 100.

I wonder how much longer theyll keep this shit up, everyone else, piratechain,dero,ergo,verge have already done so a long time ago.

>> No.54588053
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54588053

>>54588011
Ztrash

>> No.54588454
File: 347 KB, 893x768, file.png [View same] [iqdb] [saucenao] [google]
54588454

>>54588011
>quite impressive to witness, you'd think anyone with a sliver of sanity left would fold, just give up and leave after zec dropped out of the top 100.

The few true believers that are left are all coping on Twitter these days, its all very amusing.

>> No.54588494
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54588494

>>54585401
>So much green everywhere and monero is crabbing
>
>How do you guys continue to hold this piece of shit don’t know how you do it?

Coins that are designed to be held are ponzi tokens.

Coins that are designed to be spent are actual money.

>> No.54588573

If I wanted to start a small business catering to monero schizos, what products currently aren't well provided in the eco system?

>> No.54588592

>>54588573
Gold and silver bullion.

>> No.54588614
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54588614

>>54586757
>41 KB JPGenormously bearded professors at stanford has worked hard to prove that zcash's underlying security model is reducible to ECDLP
>yet some genius at 4chan wants it to be "battletested"

Horseshit, literally only a handful of people in the ENTIRE world come close to comprehending zk-SNARKs and even they are in awe of its complexity.

There is no substitute for years of battle testing out in them wild.

>> No.54588665
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54588665

>>54588592
>Gold and silver bullion.

This.

>> No.54588976

When moon ?

>> No.54589281
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54589281

>>54588976
>When moon ?

>> No.54589400

>>54582285
Your source is a sensationalist Twitter thread you canker sore

>> No.54589421

>>54583790
adoption? where?

>> No.54589433

>>54589281
I'm there for the project but dayum it could be cool to finnally ratio the 200% short position since 2019
Bring the real value of XMR

>> No.54589503
File: 1.88 MB, 460x570, 1662764876578699.webm [View same] [iqdb] [saucenao] [google]
54589503

>>54589433

Yeah, well, you're going to have to wait for sanity to return to the market first. Until then, load up on dog memes.

>> No.54589513
File: 173 KB, 1705x960, 168086777073885613.jpg [View same] [iqdb] [saucenao] [google]
54589513

XMRvirgin: simps for monero chan who doesnt even exist
ZECchad: simps for Ying Tong a cryptographer who worked on Zcash

>>54588614
snark itself is not that complex. its just that you have to know the basics of cryptography in order to read the literature. and sadly most soft engineers didnt take a cryptography class in college.
>Common Reference String setup assumption
>non falsiable hardness assumption
both of which got removed in recent hard fork. its just ECDLP now.

>> No.54589577
File: 56 KB, 1300x646, cmpz0lC.png [View same] [iqdb] [saucenao] [google]
54589577

>>54589513
>snark itself is not that complex.

Zcash literally comes with a USE AT YOUR OWN RISK warning label. Insufficiently battle-tested tech = experimental tech.

>> No.54589687

>>54589513
>Ying Tong
2D> any chink chong

>> No.54589757
File: 1.06 MB, 2125x3239, 16807433799872648.jpg [View same] [iqdb] [saucenao] [google]
54589757

i would argue RingCT is more complex than recent SNARKs which dont rely on pairing cryptography. this book is a great introduction on SNARK for people who don't speak math https://people.cs.georgetown.edu/jthaler/ProofsArgsAndZK.pdf

>>54589687
gotta agree. ZEC just have to rename itself to schizocoin and feature an official schizo gf waifu character

>> No.54589911

>hurr durr don't discuss price of this currency or you're le moonfag and i will le downboat you
Imagine being this much of an absolute faggot

>> No.54590035
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54590035

>>54589911
>Imagine being this much of an absolute faggot

Moonfag detected.

>> No.54590102

Friendly reminder that there is a new version of the CLI and GUI out, which includes the new mitigation against Mordinals.

>CLI: https://www.getmonero.org/2023/04/04/monero-0.18.2.2-released.html
>GUI: https://www.getmonero.org/2023/04/04/monero-GUI-0.18.2.2-released.html

>> No.54590910
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54590910

>>54588454
kek at that fucking TA

>> No.54591068

>>54588454
>gaining traction among those well versed in crypto
Holy what a semen slurping statement.
I guess sucking government cock is closely related to sucking tranny cock.

>> No.54591832
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54591832

>>54591068
>I guess sucking government cock is closely related to sucking tranny cock.

Indistinguishable.

>> No.54591927

adoption is dead
transactions are declining
token not needed

>> No.54592346
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54592346

>>54591927

Yes, black markets are doomed. Better buy Shiba Inu.

>> No.54592388
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54592388

Thinking of putting together a weekly opsec piece for the general, since having a perfectly secure currency is put to waste if the rest of your opsec sucks. Starting with PGP, provided there is any interest.
>On another note
Shilling my Captain Blackbeard collection torrent for anyone interested >>>/t/1217698

>> No.54592475
File: 2.95 MB, 1280x720, LessonLearned.webm [View same] [iqdb] [saucenao] [google]
54592475

>>54592388
>Thinking of putting together a weekly opsec piece for the general

Fuck yeah, information is power. We need basic training for darknet noobs so they can begin engaging with the shadow economy.

>> No.54592599

>>54592475
I couldn't agree more. After having to explain multiple times to some guy here the other week why he couldn't just use some other persons PGP sig to fake a verified message, i realized how little some people about opsec and the tools available. Using Monero to transact, but failing opsec in other areas is like driving a Ferrari, but wearing a blindfold. It's good info for people who aren't DNM users as well, government and corporations have made it clear that your privacy and security is not their concern, rather they benefit from you having neither. Its up to the user to protect themselves.

>> No.54592647
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54592647

>>54592599

r/darknet is full of n00bs that clueless, like a startling amount.

>> No.54592723

>>54592647
>r/darknet
Not surprising, im sure there are plenty of teenage edgelords who want to larp about muh deeper than dark web, redrooms or some other equally idiotic nonsense.

>> No.54592917
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54592917

Which wallet do you use?

>Monerujo
>Cake Wallet/Monero.com
>Elite Wallet
>Stack Wallet/Stack Duo
>MyMonero

>> No.54592956
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54592956

>>54592917

No Feather? WTF

>> No.54592978

>>54592956
Mobile

>> No.54593003

>>54592917
monerocom, monerujo, stack in that order
not touching the other ones

>> No.54593184

MONEROMARKET.IO

>> No.54593235
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54593235

>>54592956
imagine being that insecure over a roastie talking to a dude that looks like he hasnt gone through puberty

>> No.54593375
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54593375

>>54589911
>i want my money to be worth more money
can i interest you in DOGE sirs?

>> No.54594153

>>54582600
If anyone paid attention to the MRL, you would know that koe and kabaya are going in the direction to use *some* ZKP for the input proofs in Seraphis (when HF'd into Seraphis or later on). Currently I heard that they are looking into switching to another EC made by Zcash adjacent (unsure to what degree) people right with Seraphis. As for the input proofs. I think BP+(+)s are getting considered for use, because zkSNARKs are fucking large (~11kB ZEC tx ffs vs ~1.5kB XMR tx), require extra data for some reason, and many just weird quirks. BPs are the slowest of ZKPs, so that's why a new curve is needed if they get adopted to prove ownership of an input instead of ring signatures. Monero devs will probably have to do the code themselves as Zcash is really hostile towards outsiders. Hell, even their codebase has parts in Rust and their custom monolithic libraries for their cryptography. Compound that trademarks and weird non-free opensource licenses.

The ByteCoin analogy is nice thought, because in the end, it's only going to be the tech, cryptography, and lessons learnt that will gain adoption. Monero will probably end up ditching its ring signatures and switch to a modular ZKP-based model and Zcash will be left alone in the dark as a reminder that people can still be scamming assholes and get away with it.

That is if it hasn't already slipped into that status already...

>> No.54594312

>>54594153
>Currently I heard that they are looking into switching to another EC
The new EC discussion is fascinating.
So much though goes into selecting the right candidates.

>> No.54594416
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54594416

>>54594153

The whole Zcash fiasco is a stark reminder of just how critical it is to develop a solid reputation for transparency, fair play and excellence right from the start.

No matter what those trannies do, whatever brilliant tech solutions they develop, the coin itself is now tarnished beyond all hope and a walking punchline, basically. I don't see it ever coming back from that, especially now that they have Turd World village feeders obnoxiously shilling ZEC on social media, its literally Shitcoin Marketing 101.

Sure, they're going to try to ride the coattails of zk-SNARKs seeing widespread adoption but unfortunately there are now so many devs working on ZKP tech that token literally not needed. Their only hope would be darknet adoption but since multisig isn't possible with shielded TXs, that ain't on the cards either. And even it it was, which rational DNM admin would risk ruining their reputation by accepting fucking Zcash in 2023, the backlash would be epic.

Sorry, z-tards, ya dun goofed.

>> No.54594542

>>54594416
Can you photoshop George Floyd's face on the body of that African Man? I think they have (surprisingly) similar skin tones

>> No.54594690
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54594690

>>54594542

YO I CAIN'T BREEV

>> No.54594813

Let me explain something we should be bullish with cbdcs, in the end explain me guys how are the masses going to embrace monero if everything is fine and dandy right now, sure the world is changing fast and we have some inflation but until the masses start starving in our surveilance capitalist state then how are people going to adopt crypto, cbdcs will makes us go to the moon because everyone is forced to not cash then we will be thriving.

>> No.54594815

>>54594416
>Their only hope would be darknet adoption
Considering zooko's stance on DNM's in the past i think that ship has sailed long ago. ZEC made some contributions that i think were notable and will be beneficial to the space as a whole. One of the greatest mistakes was to stray from the idea that privacy is for everyone. You simply cannot have privacy for some and traceability for others. Either we all have it, or no one has it.

>> No.54594919

>>54594153
>ZCash
>Rust
>Custom Crypto libraries
That is enough not to trust it. Ring signatures are easy enough to understand if you studied abstract algebra and are decent with proofs,

>> No.54594975

>>54594813
>surveilance capitalist state then how are people going to adopt crypto, cbdcs will makes us go to the moon because everyone is forced to not cash then we will be thriving.
If it ever gets to that point, they will probably implement ai and suicide drones to search and destroy monero nodes.

>> No.54595069
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54595069

>>54594813
>explain me guys how are the masses going to embrace monero

They won't, the masses will never touch crypto because they'll slowly be boiled alive in the CBDC pot.

>> No.54595098

>>54594975
>search and destroy monero nodes.

Ergo the need to run mining and everything else through the darknet. Pretty easy to do if you already have I2P installed.

>> No.54595185

>>54595098

Excuse my ignorance sir, I am a nigger.

Could all monero mining nodes switch to i2p if they wished? Or are there any technical hurdles in the way?

>> No.54595326
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54595326

>>54595185

Sure, tho it would add some overhead and latency. But with a sufficiently large userbase that shouldn't be an issue.

If we could get a couple million I2P routers up and running around the world using the darknet would basically feel as seamless as using the clearnet.

>> No.54595448
File: 258 KB, 734x1024, FGG_ZxqXsAsSTy_.jpg [View same] [iqdb] [saucenao] [google]
54595448

Reminder that Monero will die without Zcash's technical assistance.

Just think what that will mean for the ZEC price.

$1000 EOY.

>> No.54595512

>>54585810
Do it then

>> No.54595552
File: 154 KB, 1224x1164, DaKoaeb.png [View same] [iqdb] [saucenao] [google]
54595552

>>54594416
>The whole Zcash fiasco is a stark reminder of just how critical it is to develop a solid reputation for transparency, fair play and excellence right from the start.
Honestly, and awful lot of things lined up for Monero. Though this might be easy to declare now that the mountains of mostly buried FUD that was present at the initial stages is gone. Stuff like Bytecoin connections, getting labeled scam/premined/broken over and over again. Some of which was valid to be honest. Especially the privacy implication before ringCT. eg: default size=3, no amount hiding just pooling like CoinJoins, stuff like that. A good example of Monero's privacy actually *becoming* good were the academic attacks that were done, but after ringCT implementation ring member detection drops to ~0. picrel from the infodump, the last large drop off of partially traced is when ringCT got implemented.
Also take a look at
>https://bitcointalk.org/index.php?topic=755840.0

Monero would have never flew this high if it wasn't for the community's grassroots origins and traditions. Without it, it would've ended in the same state as Zcash. This is also why corporate actors like Cake and to some extent Majestic are frequently shat on and community consensus is so hard to reach. The tx_extra discussion was going on since 2020, and removing/reducing the 10 block lock has been going on since 2021 even thought we have all the evidence that it can go to 4-5 safely.

>>54594919
The problem is that they are still the weakest part of the privacy guarantees of Monero, it doesn't matter what angle you take. Even with ring sizes being 16 now, and 128/256 with Seraphis, I fear that faulty DSA will lead to attacks. And current research (OSPEAD in specific) points to that a static DSA won't even suffice as spending habits change over time. I know ZKP tech sounds scary and insecure, but there are ZKPs that are much better implemented than Zcash with comprehensible math for the most part. For example BPs.

>> No.54596047
File: 71 KB, 850x330, PGP.jpg [View same] [iqdb] [saucenao] [google]
54596047

As promised, here is the first weekly opsec discussion. The goal here is awareness, not mastery, in the hope that monerochads can have a well rounded understanding of various opsec concepts and tools that are commonly used in conjunction with XMR. This week is PGP, i will try to keep this short and concise as to not shit up the general.

>What is PgP?
PGP (pretty good privacy) is an encryption standard created in 1991 by Phil Zimmermann, an American Comp sci and cryptographer. PGP provides users with communications encryption and originator verification as well as file and disk partition encryption through the use of compression, hashing, Public Key and symmetrical encryption. While it is often referred to as PGP, what people are typically using is OpenPGP, as PGP is actually owned by Symantec.

>Why PGP?
PGP is the de-facto standard for email security among those in opsec critical circles. By using PGP properly, users can have a degree of certainty that they are maintaining their confidentiality and data integrity within the hostile environment that is the internet. One thing all of us should understand is the motto "not your keys, not your crypto", and this applies to our communications security as well. There are many services that provide encrypted email and chat services, but there is often one underlying problem. You don't hold the keys. If your communications are encrypted, but your private key is stored on some AWS server in god knows where, you are vulnerable to exploit in a similar way that custodial crypto holders are, except you may not just lose your money, but also your life or freedom depending on the severity of your threat model. By using PGP software and securing our own private keys you alone are responsible for your security.

>> No.54596057
File: 33 KB, 619x465, WhatisPGP.jpg [View same] [iqdb] [saucenao] [google]
54596057

>Public Key Encryption
PKE is an asymetric cryptographic system which uses a related pair of public and private keys held by each user. The public key is distributed to the people you wish to communicate with, while the private key is held only by you!
To explain the process behind the Public Key encryption we will look at a simple one way message sent from User A to User B.
User A wants to send an encrypted message to User B.
User B sends User A his public key.
User A uses this public key to encrypt the message he wants to send to User B.
The message is then sent
User B uses his private key to decrypt the message.
In this way, we can see how anyone can encrypt a message for another person utilizing the recipients public key, but only the recipient who holds the private key is able to decrypt it.

>Message encryption
Lets take a slightly closer look at how this message is encrypted, including the symmetrical key
User A is encrypting a message to User B
The message is first compressed, this reduces workload and strengthens encryption.
A session key (symmetrical encryption) is generated and used to encrypt the compressed, plaintext message.
The session key is then encrypted using User B's public key.
The message is now encrypted and can be sent to the receiver.
User B decrypts the session key using their private key.
The session key is used to decrypt the message back to plaintext.

>> No.54596070
File: 112 KB, 1850x667, kleopatra_logo.png [View same] [iqdb] [saucenao] [google]
54596070

>PGP Signed Messages (Authentication)
In order to verify the Time of creation, authenticity of a message and to ensure the message has not been tampered with, PGP signatures are used. Here's the basic process of how messages are PGP signed.

The process begins by creating a hash of the plaintext message.
User A uses their private key to encrypt the hash.
This encrypted hash is added to the bottom of the plaintext message.
Utilizing User A's known public key, anyone can verify the signature by decrypting it using User A's public key and comparing the hash of the signature to the hash of the plaintext.

>Utilization
If you're still reading, you might be thinking, fuck. This is a lot of individual steps to take, rest easy. The majority of the processes we have covered are conducted by your PGP software, so have a look at a few of the most common software suites that make this possible. This part is really up to the user, research different software and find out which one suits your skill level and needs best.
>Kleopatra - PGP GUI for windows and linux
https://apps.kde.org/kleopatra/

>GnuPG - Strictly CLI for windows and linux
https://www.gnupg.org/index.html

>Final Words
While this is in no way a complete guide to using PGP, the hope here is that even low IQ anon's can have a basic understanding of how PGP works and how it can improve your opsec. Remember to secure your private key with care and good opsec is about continued attention to detail over time.
>https://www.openpgp.org/about/
>https://www.makeuseof.com/tag/pgp-me-pretty-good-privacy-explained/
>https://users.ece.cmu.edu/~adrian/630-f04/PGP-intro.html

>> No.54596131
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54596131

Feeling good brahs

If we're lucky cz dumps to 80 dollars and I go all in, either way I'm already all in

>> No.54596151

>>54596047
I always lol when crime bosses get caught because they didn't use pgp

>> No.54596211

>>54596151
human nature is often lazy, even when it means potentially losing everything, case in point below.
https://techxplore.com/news/2021-06-anom-global.html

>> No.54596273
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54596273

>>54596047
>>54596057
>>54596070

Great stuff. Consider putting it all into a pastebin for easy posting when required.

>> No.54596316
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54596316

30 to 116 lol

>> No.54596470
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54596470

>>54596316
tends to happen when your founder dumps on your 24/7 and says things like picrel

>> No.54596512
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54596512

>>54596273
thanks, hopefully there's some value in it.
>>54596316
Adoption is clearly going parabolic. the thing i never understood is why make privacy an option? if everyone started using ZEC tomorrow, businesses would want to use the by default unshielded option so they could still collect customer personal data, and if they wont accept your shielded transaction, you're comply or fucked. Not that zodlers have much of a problem with compliance kek.

>> No.54596664

>>54595185
Don't be so hard on yourself, Mental Outlaw, you're not just a nigger, you're the based Alpha Nigger
>>54596070
Thanks for including links to documentation for a deep dive on these subjects. PGP is something I've taken an interest in recently. So far I've only used it for verifying downloads but it would be nice to become much more familiar with at least the software.

>> No.54596720

>>54596664
thanks for reading, its pretty easy to play with a bit, practicing between two key pairs is a good way to figure it out without "going external".

>> No.54597112

>>54595185
It would be easy and the changeover would take all of a few seconds for a given node, literally all you'd be doing is stopping it and then restarting it with a different config that utilizes i2p (or never stopping it and running it with the i2p config as another user.

You could have the same one machine running a clearnet, i2p and TOR node all referencing the same copy of the blockchain. (but this would be kind of silly to do if you're forwarding the clearnet traffic onto the internet)

>> No.54597568
File: 91 KB, 533x1036, 16811607422701640.jpg [View same] [iqdb] [saucenao] [google]
54597568

i like this general.

>>54595512
i will when ZEC has completed the move to PoS. better sell your XMR now. its gonna be a shitshow. it takes just $25k to attack monero for a week. i will make big fat profit. we'll see. ZEC will win.

>> No.54597751
File: 282 KB, 1892x4096, FYh5OeFX0AIeaxK.jpg [View same] [iqdb] [saucenao] [google]
54597751

>>54596316

Who cares about market cap? Zcash's unique tech virtually guarantees it will go to $60K and higher once CBDCs arrive.

Its so stupidly easy to make it.

>> No.54597826

>>54597751
lol nah

>> No.54598389

>>54595552
the worst part about bulletproofs is their size :(

>> No.54598630

>>54597751

Your desperation is palpable.

>> No.54598786
File: 300 KB, 1144x1000, FrLDvDnXsAAVm9n.jpg [View same] [iqdb] [saucenao] [google]
54598786

>>54595552
I think monero's most valuable asset is a userbase that has a history of hard forking to fix the fundamental issues.
Before 2016, I would have said monero was a shitcoin. But has turned into something else recently.

>> No.54598806
File: 1.02 MB, 3508x2140, 3345d6d333876edf344f21f315eb77ded471101c.jpg [View same] [iqdb] [saucenao] [google]
54598806

>>54597751
Zcash? Why not just use firo (zcoin) which already has PoS? lol