/biz/ - Business & Finance

Almost like there's no point in using it besides as a utility.

>>55701739
Cool so how do you confiscate it?

claiming haircomb now is like mining bitcoin with your CPU

>>55701739
Dropped from Binance, dropped from sideshift, keeps getting dropped from everywhere.

>>55701744
Make it worthless and they don't have to.

>>55701739
the dev rugged again

>>55701745
Thank you haircomb, very cool

>>55701739
Just like how they banned piracy and nobody does it anymore right? Right??

A world where Monero loses is a world where good people lose and the Satanist homosexuals and Marxists win. I would rather align myself in the fight against the totalitarian cricket state than have no morals or character and try to get the comfiest pod I could.

that's not the problem.

the real problem is tornado cash was sanctioned almost immediately after its creation and widespread adoption,
monero hasn't been touched, even spoken out against.

now why would that be?

>>55701834
You monero jews glow in the dark. The monero chain allows that satanist stuff to prosper like CP distribution

>>55701739
guns and drugs are illegal

>>55701739
Wow, today I learned that drugs are actually not worth anything because they are illegal. Those cartels sure are stupid making something worthless instead of putting their money in a mutual fund...
And Al Capone was convicted of tax evasion. But alcohol was illegal! So it's price was zero! Man the IRS must have been real dunces to do such a thing!

they should also ban credit cards then

banks aren't touching it right now

>>55701973
because money isn't inherently good or bad, it's a medium. Tornado was a money laundering system.

bitcoin can be traced and seized by the feds

>>55702043
curious then why they never wanted to sanction monero for equivalent illegal activity on the same type of decentralized network but are instead only interested in reducing the legitimate speculative activity by removing it from exchanges.

almost like their attacks work well when the SNR is higher.

>>55701834
>anonymous untraceable currency is not used by satanist homosexuals

On 8 August 2022, the Office of Foreign Assets Control of the U.S. Department of the Treasury blacklisted Tornado Cash, making it illegal for United States citizens, residents, and companies to receive or send money through the service.[6] The Treasury Department accused it of laundering more than $7 billion in virtual currencies, including $455 million believed to have been stolen in 2022 by the Lazarus Group, a hacking group associated with the government of North Korea.[7][8] The same day, the domain used by the project was taken down, and GitHub removed the Tornado Cash repository and suspended the developers' accounts.[9]

they had exact info on one of them

these are not the same type of networks

>>55701739
>t. Actual midwit

SEC Claims All of Ethereum Falls Under US Jurisdiction

In a bold and potentially unprecedented move buried in the lawsuit’s 69th paragraph, the SEC today claimed it had the right to sue Balina not only because his case concerns transactions made in the United States, but also because, essentially, the entire Ethereum network falls under the US government’s purview.

https://decrypt.co/110107/sec-ethereum-us-jurisdiction

Who can submit a claim?
Anyone who has lost cryptocurrency funds in any form of a hack, shut down and/or hacked exchange, ransomware, ransoms, fake ICOs or who simply has lost funds by sending them to the wrong address.

We can investigate all blockchain-based assets included in the cryptocurrency market leading coverage, these includes BTC, ETH, ERC20 Tokens, XRP, LTC, BCH, NEO and DASH with more coming.

The Reclaim Crypto service enables the victims of cybercrimes to not only add their claims to the investigators panel but also flag the reported address(es) in Reclaim Crypto's database. Once we flag the hackers’/scammers' addresses in our database, it will be visible to our clients and partners. For example – the exchange that is our client can identify the hacker's address (provided by a hacking victim to our service) and take decisive action e.g. freeze the funds. Reclaim Crypto may also identify that the stolen funds were transferred from scammers' address to the cryptocurrency exchange that is our client or partner and may send a notification informing the exchange that the funds came from a hack/scam and ask them to freeze the funds.

Having obtained a warrant granted by a federal judge in the Northern District of California, the FBI on Monday seized proceeds from a digital “wallet” that held the ransom collected by the hackers, FBI Deputy Director Paul Abbate said. The ransom was paid in bitcoin, a form of cryptocurrency.

The warrant authorized seizure of 63.7 bitcoin, or $2.3 million at the current exchange rate.

The bureau obtained the “private key” for the wallet address, according to an affidavit for the warrant. The key is basically a password that enabled the FBI to move bitcoin out of the wallet.

So OP's pic about "forcefully confiscating crypto" is talking about everything but Monero.

>>55702200
>>55702189
>>55702187
>>55702181
>>55702116
>>55702093
>>55702087
>>55702045
>>55702028
>>55702035
All this boils down to
>Use Moreno for transactions but holding it for price action is naive

>>55702222
Sounds like a cryptocurrency, you can speculate on meme coins to get rich quick.

>>55701739
The moment monero actually becomes illegal is the moment where its' price skyrockets, just like the price of illegal shit always does. Whether it's drugs, or guns, or alcohol or anything else. The difference is that the need for Monero will only continue to grow whereas drugs and alcohol have never been something particularly useful and yet...

>>55702053
because XMR is truly a great digital commodity, not a dirty trick like Tornado cash, and you can't ban commodities, you limit the access. It all seem logical to me

>>55701739
>Nobody cares what basement dwelling neckbeards are doing

They will if they have untraceable money

>>55701739
Crypto is illegal in china. I haven't seen it drop to zero yet.

>>55701742
Hey look schizo anon is back fudding monero after 3 days
Oh wait a minute

>>55702551
>dwelling neckbeards
more like big cartels and glowie black ops aka massive liquidity

>>55701739
What Monero retards don't understand is that the endgame of BTC was never to be an untraceable lolbert currency. BTC was created as the first step to CBDC and complete financial control over the goyim.

>>55702635
chancellor on the brink of second bailout

>>55702232
>>55702222
That‘s basically it. There‘s nothing wrong with holding a small bag of XMR, preferably bought without traces of your ID, just for the case, you might use it.

>>55702501
they're both legally identical
only one doesn't have fundamental flaws that makes tracing it trivial, so it was sanctioned

>>55702657
yeah I agree, I don't give a fuck about avoiding KYC/AML, that's not how we are going to see speculation and massuve growth. Fuck darknet markets, I don't care, I care about true digital currency.
>>55702785
No. Not at all. Tornado cash is a mixing service, fundamentally illegal, like all btc coin mixers of the 2012-2017 era. Monero is simply a currency. Cash isn't easily legal, easily tracable, it's still legal. Monero is the same, it's not a mixer.
in legal affairs, the CORE argument is INTENT

>>55701739
>le reddit screenshot thread
Go back to >>>/r/eddit you fucking faggot and stay there
SAGE

>Newfag announces sage

>>55702804
it's legally identical to monero, which is also a mixing service as a blockchain, or it wouldn't have any privacy. they have all the same legal avenues to go after it, but they actively choose not to, which says everything.

>>55701739
>If something can't be mainstream then its done for
The idea that mainstream and normie mentality defines shit is funny. It's literally the opposite, no class is more powerless than normies. This is proven by history

>>55701739
If the government made a law saying all crypto belongs to them, then banks would collapse. They have too much exposure at this point. That's part of satoshi's design. He used greed as an incentive for banks and the owners of banks to gain exposure and this protects crypto of every form. Satoshi didn't just make Bitcoin. He made something bigger and all crypto is part of his creation.

>Go back you fucking faggot and stay there

>>55702926
it's not, but I understand why you think so. It looks similar, but the intent is different. XMR is technically compliant, uou can share view keys, you can prove good behavior or bad behavior, the currency is neutral. Tornado cash is not, it is a true mixer.

>>55702222
Dumb argument. Monero is good for both usage and price speculation. Monero first saw widespread real-world usage in 2016 and yet the price dramatically increased in the years following. Nothing has fundamentally changed about Monero to make it unable to pump, youve just been filtered due to boredom.

>>55702952
Every time I see you ugly fucking rats in the city you look like this gif.

>>55701834
>A world where Monero loses is a world where good people lose
So, that world is our world?

>you look like this

>>55701750
That's actually bullish. Proof of concept actually works with XMR.
Mind you they will do the same with bitcoin but the instituions are making too much with at the moment.
Governments. All of them. Should and will hate crypto. Centralized is antithetical to all of crypto which those systems are.
People just need to keep using it to spread it around. BTC being held for value was never the intended purpose but it will until it will dump into the hands of all and not held by whales and instituions.

>>55701769
is haircomb a scam or what?

this shit is retarded

>>55703699
haircombschizo is the real winner of the bear market, even the btc snailbro stopped

>>55702615
What do you listen to with those headphones? Seems you have them on every pic. Just curious.

>>55702960
intent does not matter legally one bit. every justification they used to ban tornado cash could have been used to ban monero if it wasn't more useful to the authorities unsanctioned than not.

>>55702020
>childpornerinos
Oh no

>>55701820
no legitimate bank pirates their software nobody cares what a bunch of basement dwelling neckbeards do on their machines

>>55703408
>being inaccessible is bullish
For something to be money it has to be actually used, it has to be universal. If I can't trade Monero for any other currency, can't on or off ramp it, then it's not money.

>>55704299
The truth is Tornado Cash was a centralized piece of shit so it could get taken down, whilst Monero isn't. As soon as there's a non-centralised compliant mixer there's less reason to use Monero. And even a taken-down Tornado still somehow has 100m marketcap fuck knows why.

>>55705111
Monero exists because the FBI is staffed by pedophiles. That is the only reason it continues to operate.

>>55705111
ahem
MixToEarn

>>55704202
where is the haircomb ticker

>>55704202
>>55703699
It's not a schizo it's a bot newfags

>>55705111
that's the cope, not the truth.
the truth is monero's flaws make it inherently useful to government agencies while tornado cash wasn't.