[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 29 KB, 880x400, 1711901436937649.jpg [View same] [iqdb] [saucenao] [google]
58227016 No.58227016 [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.

Love you all. Except the glowies who I only love when they blow the whistle and then get a real job and stop being parasites.

>> No.58228154

EYES ON THE PRIZE

> SERAPHIS
> JAMTIS
> FULL MEMBERSHIP PROOFS

MONERO IS THE FINAL SOLUTION TO THE TAXMAN QUESTION.

>> No.58228187

For the Captain!

Download all the episodes (01-19) of Captain Blackbeard Radio on I2P torrents:

magnet:?xt=urn:btih:d14744b96a6eeaefbca26b9a175c00cffc5922f8&dn=Captain+Blackbeard+Radio+Ep.01-19&tr=http://tracker2.postman.i2p/announce.php

I2P Torrenting FAQ:
1) Download i2pd.website
2) Download Qbittorrent 4.6.3 (LT20 ==> LIBTORRENT 2.0 VERSION!)
3) Setup your Qbittorrent client as is shown here: https://github.com/qbittorrent/qBittorrent/issues/19794#issuecomment-1890950600
4) Sneed & feed the captain's radio Finest Sounds From The Underground!

>> No.58228219

>p2p
>i2p
>gpg
>xmr
Neveko is the final solution to the extorting dnm glowies
https://github.com/creating2morrow/neveko

>> No.58231529

>>58228154
Why are these threads 70% bot posts?

>> No.58231647

>>58231529
They are not. These messages are repeated because they have useful info. Go look at the previous two generals, the fixed messages are a tiny portion of the total messages.

>> No.58231671

>>58231529
I am not a bot. I am simply repeating the vision and mission of this coin. You either buy into that, or you fuck off to some pregnant-elon-coin.

>> No.58231867
File: 1.16 MB, 768x1152, 1710095282965904.png [View same] [iqdb] [saucenao] [google]
58231867

Some monero chan for all of you

>> No.58232156
File: 266 KB, 1200x1145, wirey.jpg [View same] [iqdb] [saucenao] [google]
58232156

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

>> No.58233580
File: 236 KB, 459x597, 9843873872.jpg [View same] [iqdb] [saucenao] [google]
58233580

>> No.58233993

>>58231647
The fixed messages are all of the OP plus the same copy-paste posts about Jamtis or Neveko or XMR=Cocaine or the cope of the week or whatever any time the thread is about to 404 (often).

>> No.58234263

>>58233993
it’s about the FUNDAMENTALS you buttcoiner

>> No.58234428
File: 110 KB, 400x400, 1302230978701.png [View same] [iqdb] [saucenao] [google]
58234428

I enjoy Monero<div class="xa24desu"></div>

>> No.58234601
File: 390 KB, 1000x818, 1687489054723.jpg [View same] [iqdb] [saucenao] [google]
58234601

>>58233993
>XMR=Cocaine
Problem?

>> No.58238088
File: 378 KB, 2047x1447, 1710022506931.jpg [View same] [iqdb] [saucenao] [google]
58238088

Are all of the other privacy coins grifts and scams? I looked into Zano because it was being shilled on Monero-related conferences, but it turns out it has a premine + proof-of-stake. The other coins like Zephyr seem to be obvious scams with the dev fee and premine with shady devs not creating anything new and just forking existing code.
How does Monero + darkfi not make all of them obsolete forever?

>> No.58238476
File: 634 KB, 660x881, 4804577777.png [View same] [iqdb] [saucenao] [google]
58238476

>>58228154
wen???
>>58231867
God bless you Monerochan!
>>58234263
I think you might also mean FUNGIBILITY

>> No.58239400
File: 1.56 MB, 1546x1772, (((SWIFT))).png [View same] [iqdb] [saucenao] [google]
58239400

Monerobros... They are moving.

>> No.58239484

Why is it dumping so hard?

>> No.58239710
File: 52 KB, 709x588, 1711923333259833.jpg [View same] [iqdb] [saucenao] [google]
58239710

I'm still up 40% with my wownero.

>> No.58239781
File: 86 KB, 742x628, file.png [View same] [iqdb] [saucenao] [google]
58239781

Bitfags are finally starting to realize they've lost the privacy arms race.

Read thru the entire thread and all replies then mine it for weapons-grade copium.

https://nitter.poast.org/callebtc/status/1774747226511741198

>> No.58239855

>>58239484
Concerns about CEX closures. A possible liquidity crisis?

>> No.58240674

>>58239484
Market maker is frontrunning demand for when normalfag crypto cashes out. This is the swing down before the death pump.

>> No.58240776
File: 99 KB, 1204x418, align.png [View same] [iqdb] [saucenao] [google]
58240776

>>58239781
Epic thread.

>> No.58241103
File: 356 KB, 814x1101, Bitcoin-V-for-Vendetta-7.png [View same] [iqdb] [saucenao] [google]
58241103

>>58240776
You can't make this stuff up.

>> No.58241504
File: 94 KB, 1242x300, battle.png [View same] [iqdb] [saucenao] [google]
58241504

>>58241103

>> No.58241703
File: 126 KB, 1200x1200, 1711691486873490.gif [View same] [iqdb] [saucenao] [google]
58241703

>>58241504
Translation: Bitcoin isn't actually permissionless but is otherwise totally censorship resistant.

>> No.58243859
File: 55 KB, 606x678, 1705808205729305.jpg [View same] [iqdb] [saucenao] [google]
58243859

>>58240776
(((Stein)))

>> No.58243991

stop masturbating to anime pics for a second and read something useful you bastards.
Analysis of the monero flood attack
>https://github.com/Rucknium/misc-research/blob/main/Monero-Black-Marble-Flood/pdf/monero-black-marble-flood.pdf

to think some anons in here were seeing the attack as organic growth or some shit really makes you think how much the community has devolved. The level of wishful thinking is out of the charts

>> No.58244095

>>58231529
Russians are pushing it to undermine USD. It's the reason it's currently tanking after being stable for years.

>> No.58244103
File: 179 KB, 1080x1152, 1693118255455075.jpg [View same] [iqdb] [saucenao] [google]
58244103

>>58243991
1. Didn't read.
2. Never complying.

>> No.58244122
File: 142 KB, 1303x1483, 1696582424313551.jpg [View same] [iqdb] [saucenao] [google]
58244122

>>58243991
>stop masturbating to anime pics for a second and
how about no

>> No.58244418
File: 1.54 MB, 1920x1080, cover1.jpg [View same] [iqdb] [saucenao] [google]
58244418

>>58243991
It's over. Sell everything for dog with bandanas or something.

>> No.58244440

>>58233993
Right, and they are not even close to 70%.

>> No.58244607

>>58243991
Go back and re-read the previous threads and count IDs. Most people were saying that ArticMine was wrong about the organic growth. If anyone read the previous threads, with all the arguments against being organic growth, and came out convinced that it's organic growth, that's a problem between the chair and the screen.

>> No.58245287
File: 836 KB, 1920x1080, 1711923711447561.png [View same] [iqdb] [saucenao] [google]
58245287

>>58243991
>community has devolved
What do we do now? Is it over, bros?

>> No.58245342

>>58243991
>default ggplot theme on figs
gross

>> No.58245941
File: 983 KB, 1280x720, 1711457070095293.png [View same] [iqdb] [saucenao] [google]
58245941

>>58245287
>Is it over, bros?
Well and truly. The memecoiners have won.

>> No.58246312

will it stablilize at 115-120 Euros?

>> No.58246478
File: 1.11 MB, 2425x2930, itsover.jpg [View same] [iqdb] [saucenao] [google]
58246478

>> No.58246981
File: 2.76 MB, 3000x4000, IMG_20240401_225723.jpg [View same] [iqdb] [saucenao] [google]
58246981

Hang in there.

>> No.58246997

>>58246981
Cute Monero-chan!

>> No.58247018

What happened to the dudes that were saying it was a good thing that Monero is dropping in value? They're awfully silent right now.

>> No.58247202
File: 50 KB, 320x240, desu slurp.gif [View same] [iqdb] [saucenao] [google]
58247202

>>58247018
Unironically can't wait for it to drop to 100. If only (((they))) posted some news like last time so it was easier to time.<div class="xa24desu"></div>

>> No.58248742
File: 3.62 MB, 3000x4000, 1711403106091268.jpg [View same] [iqdb] [saucenao] [google]
58248742

wagmi fumonero bros

>> No.58248762
File: 269 KB, 1080x1650, 1681728210788414.jpg [View same] [iqdb] [saucenao] [google]
58248762

>>58246981
Love the fumos

>> No.58248896
File: 3.52 MB, 3000x4000, 1710426478806447.jpg [View same] [iqdb] [saucenao] [google]
58248896

Comfy times ahead.

>> No.58248949

>>58234601
dumb bitch wont take it up the ass when her nose is dried out. such a waste of money. all that coagulated blood kills the absorption rate

>> No.58250228
File: 302 KB, 598x714, delicious.jpg [View same] [iqdb] [saucenao] [google]
58250228

Dude i fucking love crypto waifus, i wish jizzlord had one instead of an old fuck with a beard covered in cum.
I might commission some dude in the future to do some "art" of it for me. or just make it myself with stable diffusion KEK

>> No.58252378
File: 16 KB, 1254x318, Labor Formula.png [View same] [iqdb] [saucenao] [google]
58252378

Threadly reminder.

>> No.58253059

>>58246981
Least comfy Monerochan.

>> No.58256232

>>58252378
Extremely based

>> No.58258283
File: 195 KB, 1078x1088, 1609400117485.jpg [View same] [iqdb] [saucenao] [google]
58258283

>> No.58259630

>>58255880

>> No.58261510

Exodus have disabled swaps from BTC to XMR with no explanation. So I cannot buy the dip. Anybody knows do they at least says something about it officially?

>> No.58261853

Sending all monero away from Exodus. What a scam.

>> No.58263176

>>58259630
>xmr
>hard fork
i know journalists are retarded but this is such a beautiful example of a retarded mistake, you just know that article only makes you dumber and less informed

>> No.58264310

>>58261510
>Exodus
stop using scam wallets
just use following wallets:

DESKTOP:
- feather wallet

MOBILE:
- cakewallet or monero.com wallet
- monerujo
- mysu wallet
- stack wallet

>> No.58264498

>>58264310
Also ANONERO wallet for mobile. An airgapped laptop with Feather + NERO is the ultimate combo in terms of balancing security and ease of use.
https://4rkal.eu.org/posts/feathernero/

>> No.58264547

>>58264498
>ANONERO
I had that in mind, but I heard it is now abandonware? I heard there was a split-out between the two developers of that wallet. Mrjanecyk is developing his own wallet now, afaik.

Is anonero safe to use now?

>> No.58264697

>>58264547
It received an update (via the fdroid repo) to set the correct fee during the spam so I think it's maintained. Seems to be safe, especially if you only use the NERO part of the wallet and use Feather for managing the seed.
https://monero.observer/anon-v0.9.3-released-hotfix-automatic-fee-selection-bug/

>> No.58264824

>>58261853
>>58261510
I hate Exodus. Coins in my Exodus wallet got "hacked".

>> No.58264839

It's over.

>> No.58265923

Six days of blood red. Are we going to bounce tomorrow? It is getting scary.

>> No.58266104
File: 3.58 MB, 4000x3000, cleansingthetempleNT.jpg [View same] [iqdb] [saucenao] [google]
58266104

i hate the antimonero

>> No.58266245
File: 191 KB, 386x767, ErKbO_XXMAIrbl3.png [View same] [iqdb] [saucenao] [google]
58266245

>>58265923
Just gotta sit tight and wait for Tether to fire up the printer again.

>> No.58266811
File: 175 KB, 1152x1345, dkhowhighextrahigh2TURBO+.jpg [View same] [iqdb] [saucenao] [google]
58266811

>> No.58267032

>>58266245
Tether printer seems to help Bitcoin and does nothing to Monero.

>> No.58267091

>>58266811
She is growing stronger.

>> No.58267256
File: 48 KB, 1186x314, file.png [View same] [iqdb] [saucenao] [google]
58267256

>>58267032
>Tether printer seems to help Bitcoin and does nothing to Monero.
Whales often clean their gains by washing them through XMR.

And speak of the devil, Tether literally just printed another $1 billion, finger's crossed its enough to get things pumping again!

>> No.58267453

>>58264310
I use it to swap from BTC to XMR without KYC. I never store significant amounts here, so I do not care.They restored swapping later, so I slurped a little more.

>> No.58268092

trying to move bitcoin when it's dumping is just something else. I've already raised the fee twice and still it won't go through

>> No.58268632
File: 354 KB, 975x495, 1701416529100046.png [View same] [iqdb] [saucenao] [google]
58268632

>>58268092
this is why you need the bch

>> No.58268790

>>58268632
i just found out that i have equal amount of bch because i slept over that whole forking thing lol

>> No.58268868

say I want to swap some shit tokens to monero and swap them back to ETH or BTC. I am planning on probably using changenow, but is that really the best option? Is there one that has some privacy principles or maybe even a pseudo decentralized option?

>> No.58269302
File: 136 KB, 680x435, dipnero-chan.png [View same] [iqdb] [saucenao] [google]
58269302

Hope you like red candlewax.

https://www.youtube.com/watch?v=WREJHHrmn6A

>> No.58269315

>>58267453
>proprietary wallet
>without KYC
They probably log your IP or other metadata. Just use trocador or cake wallet to swap.

>> No.58269465

>>58267256
the reckoning this will one day reap is going to be fucking biblical.

>> No.58269493
File: 138 KB, 736x730, 1704246188344649.jpg [View same] [iqdb] [saucenao] [google]
58269493

>>58268790
imagine how much bch do the exchanges have just cuz people are retards and had their bitcoin on exchanges during the fork

>> No.58269601
File: 32 KB, 768x675, 02-04-2024.png [View same] [iqdb] [saucenao] [google]
58269601

all of my precious shares gone down the shitter
a whooping .50 cents lost :(

>> No.58269609

>>58269315
>They probably log your IP or other metadata.
And? I know that Exodus a some western company. Meanwhile some shady no-KYC exchange like tradeogre can be FSB. I do not care if American glowie knows my IP and other metadata. He is not going to torture me with a bottle anyway. There are countries in the world where you actually need monero, you know.

>> No.58269639

>>58269493
and imagine how much bch is forgotten on all prefork addresses. Does that make bch more scarce than bitcoin?

>> No.58269971

>>58269609
why suddenly every xmr thread mentions russians?

>> No.58270186

>>58269971
there are like 17 information/propaganda wars being waged rn.

>> No.58270264
File: 13 KB, 200x200, chuddy.gif [View same] [iqdb] [saucenao] [google]
58270264

is it safe to clean my btc w/ this process?
btc -> unstoppableswap -> xmr -> localmonero -> cash

>> No.58270280
File: 1.07 MB, 992x830, file.png [View same] [iqdb] [saucenao] [google]
58270280

>>58269465
>the reckoning this will one day reap is going to be fucking biblical.
best part is, most crypto-tards will still be caught off guard, this is the tragic degree of sheer ignorance we're dealing with.

meanwhile, Tether just continues printing their funny money and buying whale stacks with it. cue the clown music.

>> No.58270693
File: 45 KB, 860x484, 64a7f3b7-9fe5-43d2-836a-572dec1d2254.jpg [View same] [iqdb] [saucenao] [google]
58270693

>>58267256
>>58269465
>>58270280
will he sink the tether scam?

>> No.58271012
File: 3.06 MB, 4160x1872, 20240402_163313.jpg [View same] [iqdb] [saucenao] [google]
58271012

did some more blacksmithing today. roughed out 1 "S hook" and will make more for a future Moneromarket listing. Had to stop since it started raining, and my forge is "open top".
I'm genuinely excited to get a blacksmithing business going on moneromarket.
https://twitter.com/TMaker117/status/1775262777671815189
>>58270264
yes. I recommend getting the cash through the mailing option, you'll get more for your neros.

>> No.58271017

>>58270693
It probably won't be something you can point to someone and say "this person did it". You'll be able to point to the most recent person when reckoning comes, but it's likely to be a cumulative case that turns perceptions bit by bit until they literally cannot fudge things anymore and THEN the fuckening comes for Tether.

>> No.58271308

>>58269971
Because young slavs who don't want to be put in the jewish meat grinder are using it to evade being located by ukrainian conscription commissars. We will all be doing something similar when they try that crap in the rest of the west, so its good to know that lora and xmr will help us.

>> No.58271931

>>58271308
>young
The average age is like 42 now. They just want the men dead so Blackrock can buy the land off their families and import niggers to work it.

>> No.58272081

>>58271931
>The average age is like 42 now.
Of conscripts, yes. The zoomers are operating comms off-grid via lora/baofengs, using dark web and xmr to exchange goods and services. Word is that they pay one another's sisters/mothers to run errands for them during the daytime.

>> No.58272244
File: 157 KB, 1280x720, maxresdefault.jpg [View same] [iqdb] [saucenao] [google]
58272244

>>58270693
>>will he sink the tether scam?
He actually produced a pretty decent exposé on Tether a couple of years back, well worth checking out to get a proper sense of just how shady Tether truly is.

>Exposing Tether - Bitcoin's Biggest Secret
https://www.youtube.com/watch?v=-whuXHSL1Pg

>> No.58272783

what do we think about darkfi? i think it's a nice idea but some of the fundamentals are lacking and seem a bit too sketchy (in the same way that L2 and ethereum do)

>> No.58272863

>>58272783
I think it's the only non-scam crypto besides Monero.
>fundamentals are lacking and seem a bit too sketchy
Can you expand on this?

>> No.58273910

>>58270280
>>58270693
>>58272244
why does tether get so much hate when they are doing a lot for the crypto space? Its always
>they print tether btc go up
low iq posting

https://www.youtube.com/watch?v=w3Kh9FVOtwA

Its like monero extremists that shit on everything btc when btc started things, yes its not perfect but damn.

>> No.58273992
File: 1.21 MB, 1534x1600, 1694730464859605.png [View same] [iqdb] [saucenao] [google]
58273992

>>58273910
Nice try, based undercover MoneroChad.

>> No.58274662

>>58234601
This is too degenerate for me I am going to have to dump my investment based on this post and the first response to it.

>> No.58274671

monero, the coin that pretends like the nsa doesn't exist

>> No.58275339

>>58274671
>implying the NSA aren't helping keep XMR afloat as a deniable payment channel that can't be found in an audit for other glowies to fund black ops

>> No.58275447
File: 1.06 MB, 1256x1628, 1689744042494483.png [View same] [iqdb] [saucenao] [google]
58275447

>>58275339

>> No.58276248
File: 229 KB, 1125x1384, 1704828500794908.jpg [View same] [iqdb] [saucenao] [google]
58276248

>>58271012
Based, here's your (You).

>> No.58277122
File: 352 KB, 866x1280, 1711387191145838.jpg [View same] [iqdb] [saucenao] [google]
58277122

>> No.58279064
File: 1.10 MB, 1920x1920, 1632715946338.jpg [View same] [iqdb] [saucenao] [google]
58279064

>> No.58279664
File: 161 KB, 1242x1340, 1712140361015193.jpg [View same] [iqdb] [saucenao] [google]
58279664

>>58238088
>>58272783
>Darkfi
I'm not a programmer or anything so I can't really evaluate projects on their technical merit, but I've watched almost literally every single video of the head guy for this project, Amir Taaki, on youtube, and just on that basis I'm definitely loading up on this shit when it launches.
As far as I can tell he's the exact opposite of the typical crypto project faggot grifter. He's basically Monero: The Person.
https://www.youtube.com/watch?v=kl0Lliw_ldU

>> No.58279700

>>58279664
Amir Taaki is based (though I don't like his kurdish sympathies)

We need Cody Wilson to talk about Monero, though. Get him accept XMR payments for defense distributed (DD):

https://yewtu.be/watch?v=OXWYmHqq1gA

>> No.58279959

Does anyone here have a coherent forecast of what'll happen to XMR once (If?) the Tether scam ever implodes? It'll be apocalyptic for Bitcoin, but how much has the printer pumped up Monero? We going to single digits roflmao?

>> No.58280014

>>58279959
Since foreign governments started dumping US treasuries Tether has become one of the top ways foreigners can into US debt, since Tether holds a lot of treasuries now. The feds aren't letting that cash cow implode.

>> No.58280021

>>58272783
>>58238088
>>58279664
More like Dorkfi you poop-skinned nerds.

>> No.58280314
File: 386 KB, 960x960, rachel.jpg [View same] [iqdb] [saucenao] [google]
58280314

>>58280021

>> No.58280782

>>58280314
A potato nigger, even better.

>> No.58280787
File: 25 KB, 500x500, 1573513093694.jpg [View same] [iqdb] [saucenao] [google]
58280787

>darkfi
Please explain merged mining to me anons. I don't understand it.

>> No.58280818
File: 60 KB, 1009x617, 1710601253599241.png [View same] [iqdb] [saucenao] [google]
58280818

>>58280782
>(You)

>> No.58280883

>>58275339
Glowies just use unmarked cash to fund shit. They have no higher authority to hide from. Why the fuck would they need crypto? Are you retarded or a fucking glowie yourself trying to frame XMR as a honeypot to get people not to use it?

>> No.58281060
File: 2.03 MB, 1024x1536, 03985-4161182374.png [View same] [iqdb] [saucenao] [google]
58281060

New Monerochan song:

> Monerochan - Crypto Anarchy
https://www.youtube.com/watch?v=wqRzV3iEwcU

>> No.58281095

>>58280883
Cliques of glowies very often engage in crime for personal profit that they have to hide from other glowies. Or they want to run unauthorized operations that they have to fund without uncle sam knowing.

>> No.58281204

>>58281095
He said NSA though. A rogue glowie isn't really a glowie, they are a plain old criminal. Glowies, the actual glowing ones, are not on personal missions, they are on government funded missions. And uncle sam doesn't check on them anyhow.

>> No.58281922
File: 8 KB, 591x209, 39jxagndgasc1.png [View same] [iqdb] [saucenao] [google]
58281922

lol this is getting ridiculous: literally just 1 day after printing $1 billion USDT Tether has already printed yet *another* $1 billion USDT!!!

That's $2 billion USDT printed in as many days! Maybe they'll go for the hat-trick tomorrow kek

Seems they're trying *really* hard to stop the bleeding and get the King pumping again. Anybody still holding BTC is either ignorant as fuck or has nerves of steel.

>> No.58282110

>>58281922
Can you please explain to me the connection between Bitcoin and tether? I'm a complete idiot with crypto hence why I hold nothing as of yet.

>> No.58282162
File: 105 KB, 1920x1080, 1673485892684621.png [View same] [iqdb] [saucenao] [google]
58282162

>>58279664
>Amir
Amir is the real deal, he's easily the most legit nigga in crypto, an agorist cypherpunk to the core. Also responsible for lighting the fire under Team Monero's ass that resulted in the development of FCMPs.

>> No.58282211

>>58282110
see >>58266245

>> No.58282257

>>58282110
>people sell Bitcoin for USDT
>all available USDT gets bought up
>due to demand, more USDT is minted

>> No.58282347
File: 629 KB, 745x749, krakenUK.jpg [View same] [iqdb] [saucenao] [google]
58282347

>>58279959
>Does anyone here have a coherent forecast of what'll happen to XMR once (If?) the Tether scam ever implodes? It'll be apocalyptic for Bitcoin, but how much has the printer pumped up Monero? We going to single digits roflmao?
Depends on how much of the demand for XMR originates from outside the clown market. A Tether collapse would obviously devastate or outright destroy this batshit clown market and result in an epic selloff, but that only applies to speculators/investors.

Non-investors who regularly buy/earn XMR to spend it on goods & services wouldn't give a fuck and life would go on as far as the real-world Monero economy is concerned. So if we can minimize the number of HODLtards and maximize the number of actual users (spenders), the fallout should be reduced.

In any case, Monero is more difficult to manipulate on account on being much less available on CEXs and having significantly more regulatory uncertainty.

>> No.58282387
File: 941 KB, 1200x1201, 1709655531456291.jpg [View same] [iqdb] [saucenao] [google]
58282387

>>58280014
>Since foreign governments started dumping US treasuries Tether has become one of the top ways foreigners can into US debt, since Tether holds a lot of treasuries now. The feds aren't letting that cash cow implode.
yeah, I'm not going to pin my hopes on the "Tether is Too Big To Fail" cope

>> No.58282447

>>58282387
The feds are pretty good at keeping things afloat in nominal terms when they want to. If they had to choose between tether liquidating all their US debt, or extending tether a "loan", they'd go for the latter option. It all bleeds in real terms, but it's not going to be some epic collapse.

>> No.58282533
File: 190 KB, 1306x1175, 2022.png [View same] [iqdb] [saucenao] [google]
58282533

>>58282110
>Can you please explain to me the connection between Bitcoin and tether? I'm a complete idiot with crypto hence why I hold nothing as of yet.
Tether is deeply implicated in a suspected price manipulation scheme to keep BTC propped up and pumping. Basically, they print billions of unbacked USDT which is then used to buy up copious amounts of BTC on the open market, driving the price up and luring in NGU crypto-tards who kindly provide exit liquidity. Rinse & repeat.

Picrelated is a flow-chart of how this scam works, you can read the entire paper for more details.

>> No.58282575
File: 42 KB, 324x405, 1675362843774489.jpg [View same] [iqdb] [saucenao] [google]
58282575

>>58282257
>>people sell Bitcoin for USDT
>>all available USDT gets bought up
>>due to demand, more USDT is minted

Trust Me, Bro the Post.

>> No.58282618
File: 927 KB, 250x230, 1666458899334597.gif [View same] [iqdb] [saucenao] [google]
58282618

>>58282447
>The feds are pretty good at keeping things afloat in nominal terms when they want to. If they had to choose between tether liquidating all their US debt, or extending tether a "loan", they'd go for the latter option. It all bleeds in real terms, but it's not going to be some epic collapse.
Wait, are you actually claiming Uncle Sam is Tether's hostage?!

>> No.58282669

>>58280014
>>58280021
>>58280782
>>58282257
>>58282447
What drives this?

>> No.58282854

>>58282618
More like tether is a part of uncle sam now, same as tech companies

>> No.58283569
File: 395 KB, 750x1000, file.png [View same] [iqdb] [saucenao] [google]
58283569

>>58282854
>More like tether is a part of uncle sam now, same as tech companies
I love this goddamn guy!

>> No.58283756
File: 216 KB, 1400x1000, 1632078135798.jpg [View same] [iqdb] [saucenao] [google]
58283756

MRL meeting on FCMP was just held:

<kayabanerve:matrix.org> I do support further research on rings, even if I'm hopeful to replace them quite soon
<rucknium:monero.social> kayabanerve: In seriousness, CLSAG with higher ring size is proven battle-tested technology/cryptography. FCMP is not (yet).

<kayabanerve:matrix.org> I'm available for questions. This meeting, I'd call for agreement FCMPs replacing CLSAG is a valid goal and if it works out, should be integrated and deployed.
<kayabanerve:matrix.org> I'm disinterested in drawing this out for months and having it as delayed as Seraphis. I won't ask to rush it, yet I personally see an efficient path forward and would like to take it.
<janowitz@kayabanerve> I am full of hope for FCMPs but I wouldn't rush them too much until they are properly peer reviewed and audited, also their implementation.


<tevador> FWIW, I fully support focusing on FCMP that can replace CLSAG before Seraphis.

<jberman> The biggest change for post-Seraphis integration is probably switching curves and all code surrounding that. My initial estimate seems something like 30-50% of the work would be done
<rbrunner> Doesn't sound too bad.

<chaser:monero.social> I can't speak re the implementation route, FCMP+RingCT seems like best of all worlds: fends off black marbles on the mid term, buys time for Seraphis development, but its inefficiencies relative to FCMP+Seraphis incentivize the eventual switch to Seraphis.

<articmine:monero.social> The fallback becomes CLSAG with ring 64 followed by FCMP plus Seraphis

<jberman> I personally think FCMPs are critically important for Monero and are reasonable to prioritize
<jberman> Now that we have a potential way to do it before Seraphis and without requiring an address change (Seraphis I'd personally estimate is 3y out from deployment with FCMPs), I think it's reasonable to prioritize FCMPs today

----

Essentially the debate revolves around what should be prioritized first: Seraphis or FCMP?

>> No.58284594
File: 830 KB, 1040x1040, 167486930472.png [View same] [iqdb] [saucenao] [google]
58284594

>> No.58284628

>>58283756
It seems like a no-brainer. Seraphis will take many years until it is ready for deployment, but if FCMP can be done relatively quickly, even at the cost of increasing TX size, it solves the most urgent problem with Monero (Ring Signatures).

We can always fine-tune later. We've already done that in the past by setting standard ring sizes to boost privacy, though it initially made transactions bigger. But over time, we've managed to shrink them down, especially with the introduction of Bulletproofs+, which weren't even a thing when we standardized ring sizes. So, implementing FCMP now and optimizing Seraphis in the years to come seems quite reasonable.

>> No.58284793

Seraphis 3 years away? Why?

>> No.58286347
File: 3.45 MB, 1286x1800, crabnero-chan.png [View same] [iqdb] [saucenao] [google]
58286347

>> No.58286490
File: 156 KB, 1092x750, 1708948231512129.jpg [View same] [iqdb] [saucenao] [google]
58286490

>>58286347
Nopan??

>> No.58286502

>>58283756
><tevador> FWIW, I fully support focusing on FCMP that can replace CLSAG before Seraphis.
That's interesting, thanks for posting a snippet from the meeting. I wasn't aware that updating to full chain mem-proofs would be possible before seraphis.

>Seraphis 3y out from deployment with fcmps
That's a shame. Monero might not have 3 years, imo. Currently, Monero has a good momentum with its competition being as bad as they are (btc, firo, zec, etc.) when it comes to establishing itself as THE SHELLING POINT for private, fungible, digital cash. Lingering on Seraphis for 3 more years will definitely give the competition a chance to catch up with XMR and cause XMR to bleed media attention,developer attention, miner attention, investor attention.

Monero is already bleeding in market cap (don't give me the shit 1 dollar XMR is still useful---cheaper the coin, lesser the honest miners incentivised to stay honest), and it needs to have a reason to gain back its purchasing power. Miners can't keep going on purely out of their "altruism", which is no-way to run a global monetary network that openly tries to compete and beat the USDollar.

>> No.58286566

>>58286502
3 years seems really long to me too, but I think Monero has no legitimate competition so why would it not be around? All of the other coins are not even trying to achieve the same goals, the only possibility is some new project but it would need to build up an actual robust economy of users and not be a cash grab like Zephyr. It would be great if FCMPs were implemented quicker than Seraphis though so the main weakness of Monero will be removed.

>> No.58286646

>>58286566 (checked)
>3 years seems really long to me too, but I think Monero has no legitimate competition so why would it not be around?
firo is a legitimate competition to Monero. Firo is a competition in terms of privacy coin technology. Bitcoin is a legitimate competition to Monero, in terms of its merchant adoption metrics.

Monero cannot afford to stand by in the face of firo's lelantus spark updates to its encryption/obfuscation algorithm. Monero cannot afford to stand by in the face of zec's halo2 algo. These encryption/obfuscation tech are much better at what they do than monero's ringsigs (which is the weakest link, really, imagine pretending to be hiding among 15 other utxos while you know that the other 15 utxos can easily be belonging to the attacker himself, or the utxo flow attacks such as EAE, EABE, etc, exists). Monero, with its current utxo obfuscation tech, might not be good to use in the DarkNet Markets in the coming years.

Monero cannot afford to stand by in the face of merchants who want to adopt crypto-currency payments but haven't heard of Monero (due to radio silence on the media, and no easy to use on-ramps) and thus "being forced to adopt btc." (which sucks ass)

>> No.58286657

>>58286646
>Monero, with its current utxo obfuscation tech, might not be good to use in the DarkNet Markets in the coming years.
really, just read dread. Nowadays every other /d/OpSec /d/Monero post is about churning. People are confused, and shooting themselves in the foot while trying to apply their own bootleg churning methods. This is an abomination. If monero was working properly, there would be no such thing as "churning" at all.

>> No.58286669

>>58286646
>firo is a legitimate competition to Monero. Firo is a competition in terms of privacy coin technology.
just check this out: https://firo.org/2024/03/07/curve-trees-research-results.html

Monero has to be the schelling point of all these research and development. If Monero is going to succeed, it has to be the LAST PRIVACY COIN, and the be the LAST CRYPTO-CURRENCY, ever. (check out Peter Thiel's startup investment thesis of "Last Mover Advantage" on his Zero to One book.)

>> No.58287500

>>58282162
>>58279664
I watched 5 minutes of him and my impression is he's like a jewish Craig Wright.

>> No.58287783

>>58287500
He's an Iranian. He's spent his entire life building privacy tech, and doing so in an utterly unapologetic way, directly stating he's building tech to allow darknet markets etc. He volunteered to fight on the front lines in a war because he believed in the cause (Misguided, yes, but that's besides the point). He's the absolute opposite of Craig Wright in every possible way.

>> No.58287883

>>58287783
>(Misguided, yes, but that's besides the point).
Is it? Also that's the kind of shit Craig Wright does, bring up some story that gives him a certain image. He's got too much to say about himself, he's not very good at just answering a question properly.

>> No.58289103

>>58286669
I agree with this but I think you’re underestimating the advantage Monero has of not being infected with garbage like dev fees and such while sticking to a clear vision of digital cash. For now there are projects that are better than Monero on certain individual points but not as a system. The faster we ditch ring signatures the better though.
For me any benefits of Firo/ZEC are entirely negated when I learn it has a dev fee. They cannot uncuck themselves at this point but Monero can still integrate their advances.
>>58287883
I watched a lot of his speeches and he didn’t strike me as that, mostly it’s other people asking him about it because it’s rare to see a programmer/crypto guy that has fought in a war.

>> No.58289242

>>58289103
>For me any benefits of Firo/ZEC are entirely negated when I learn it has a dev fee.
That's a good point, and this is also how I feel towards those coins.

However, Monero still has to compete with merchant adoption&interest with bitcoin, then. And for that, Monero has to up its game, make noise (preferably with some good news about itself).

Also importantly, Monero has to reach a point where the protocol won't be hard fork'ed on its fundamental specs (like addresses, and general obfuscation method), so that we can finally focus on promoting it to the normies. Currently, knowing that with Seraphis + Jamtis the address scheme will change, is going to cause a shitshow with the normies.

One last point of contention I have is Monero's abysmal mining profits. This is yet another aspect that is holding XMR back,imo. As I said before, we cannot rely on "altrusim" and "donations" of its miners for long term, sustained hashpower.

>> No.58289479
File: 258 KB, 1679x945, hodlmaxxx.png [View same] [iqdb] [saucenao] [google]
58289479

>>58289242
>Monero still has to compete with merchant adoption&interest with bitcoin
Bitcoin maxis do that for Monero quite well already when the "hold btc spend xmr" style of thinking is the dominant mentality among them. Three years is long but I think we will be fine in this timeframe. A good project that tries to do the same thing doesn't exist and is not easy to create and strengthen out of thin air, especially with the cuck mentality of most programmers in the "crypto space", just look at pretty much every "ZK" project besides Tornado cash and darkfi, it's pure cuckery only valuable as a speculative investment because its target audience would rather use something uncucked in the first place.

>> No.58289616

>>58289242
>However, Monero still has to compete with merchant adoption&interest with bitcoin, then. And for that, Monero has to up its game, make noise (preferably with some good news about itself).
What merchant adoption? There are services that leverage bitcoin's liquidity like bitrefill but in terms of direct merchant adoption bitcoin has been going backwards since 2017.

>One last point of contention I have is Monero's abysmal mining profits. This is yet another aspect that is holding XMR back,imo. As I said before, we cannot rely on "altrusim" and "donations" of its miners for long term, sustained hashpower.
>>58274263

>> No.58289822

>>58284793
>Seraphis 3 years away? Why?

He means Seraphis + FCMP. Its a lot of work. Not just the coding, the auditing needs to be done right as well, can't rush things. Reliability uber alles.

Seraphis without FCMP would happen sooner.

>> No.58289872

>>58289822
>Seraphis without FCMP would happen sooner.
if that's the case, why the snippet here >>58283756 give the impression that Seraphis+Jamtis is the development work requiring more time+effort?

It seems like kayaba, jberman and tevador are implying that Seraphis is the work that takes a longer time than FCMP stuff.

>> No.58289906

>>58286502
>Monero might not have 3 years, imo.

That's not the plan. The plan is to either move to FCMP by next HF or to boost the ringsize up to 64-128 in the interim.

Either way, we're not going to be lingering with 16 decoys for much longer.

>give the competition a chance to catch up with XMR

What competition? What other privacy coin is getting serious consideration in darknet OPSEC circles? None, its all Monero and it'll remain that way unless it starts fucking up and burning people like BTC does (unlikely).

Remember, that the appeal of Monero extends beyond its privacy.

>> No.58290047

>>58289872
>if that's the case, why the snippet here >>58283756(You) give the impression that Seraphis+Jamtis is the development work requiring more time+effort?
>
>It seems like kayaba, jberman and tevador are implying that Seraphis is the work that takes a longer time than FCMP stuff.

From what I can tell, it still does, FCMP could apparently happen even sooner than solo Seraphis, Luke seems to think he can progress rapidly, with the caveat that a new elliptic curve would have to be implemented.

<kayabanerve:matrix.org> FCMPs are almost like a half Seraphis if it makes you feel better Rucknium, and the whole point is actually getting it done.

<rucknium:monero.social> sgp_: AFAIK the bottleneck isn't funds. It's Aaron Feickert 's time. Cannot work on FCMP and Seraphis at the same time.

Honestly, it all gets a bit confusing, I might have fucked up in my impressions of what to expect, so take it with a grain of salt.

Full transcript: https://libera.monerologs.net/monero-research-lab/20240403#c357176

>> No.58290072

>>58290047
>with the caveat that a new elliptic curve would have to be implemented.
sounds scary. is this going to cause a loss of funds or something? also the new curve's cryptographic-soundness should be established, I am guessing.

The current curve is ed25519, so I heard. What are the candidates for the new one?

>> No.58290114

>>58290072
>is this going to cause a loss of funds or something?

Nah, its just a cryptography upgrade. Luke talked about it at MoneroKon23: https://youtu.be/vrCAiLPfXlg?t=237

>> No.58290222
File: 3.79 MB, 3000x4000, IMG_20240404_195115.jpg [View same] [iqdb] [saucenao] [google]
58290222

It's about sending a message.

>> No.58290355

>Coincheck hackers cash out BTC to KYC exchanges without a mixer
>keep moving it around different wallets during 2018-2024
>don't swap to XMR
Interesting... What is their plan? How did they not get caught?
https://yewtu.be/watch?v=ugSkcmqnwSk

>> No.58290385
File: 484 KB, 1069x720, 1712247854340539.png [View same] [iqdb] [saucenao] [google]
58290385

>>58290222
Based Monero-chan. Absolute fiat death.

>> No.58290538

>>58239781
>Now that BlackRock owns 1% of the supply, I doubt we shall see a real privacy upgrade ever again.
I thought just owning the coin didn't give you power over the protocol? Did maxis lie to me?

>> No.58291072
File: 479 KB, 891x969, shopinbit2024.png [View same] [iqdb] [saucenao] [google]
58291072

We did it, boys! After flipping CoinCards USA, Monero has now also officially flipped the largest EU-based Bitcoin store!!!

Beating BTC on the darknet, beating BTC on the clearnet. Monero-chan just keeps on winning!

Maxipads on suicide watch.

>> No.58291660
File: 105 KB, 473x496, 1661899759639469.jpg [View same] [iqdb] [saucenao] [google]
58291660

>>58291072
Never heard about that shop, looks like they got a decent selection.
Good to see adoption increase.

>> No.58292426

>>58279959
There's very little connection. Monero survived delisting from fucking binance and recovered, that was over half of all XMR volume.

>>58291660
based progchad, my other car is a cdr

>> No.58293323

>>58292426
Volume is 60% of what it was, price is 75% of what it was, or 34% if you're counting against Bitcoin. It's not recovered.

>> No.58293418

>>58293323
This nigger again. Then don't buy it and leave. Monero is a terrible investment and we're retarded. You wouldn't want to be retarded with us, would you?

>> No.58293430

What is some decent inexpensive mining equipment for mining XMR?

I've tried mining on an i5 10th gen, and its pretty ebismal (go figure). Ive checked the xmrig leaderboards and the top CPUs are these 10k+ beasts, which I am not going to fork out on for a 1k p/y return on.

>> No.58293472

>>58293323
Hey! You seem to be very knowledgeable. Can you recommend a coin with better privacy than XMR?

>> No.58293497

>>58293472
Discreet once it launches in Q3

>> No.58293521

>>58293472
Can you recommend a coin that most accurately indexes the price of a ziploc bag? The answer is no one cares, just like no one cares about privacy.

>> No.58293532

>>58293521
Bizarre answer. In any case, have a good day

>> No.58293539

>>58293532
Bizarre answer to a loaded question.

>> No.58294192

>>58293539
Imagine being such a faggot that you go where you don't like, talk to people you can't stand, about subjects you hate, then blame your hosts for being miserable. You do know your jewish masters will just replace you with a chatbot eventually? Doesn't that knowledge inspire even the smallest amount of introspection? It can't be worth the money lol

>> No.58294522

>>58293430
Ryzen 9 5900x, or dual 32 core EPYCs are good options depending on what you can get for cheaper.

>> No.58294860

>>58294192
Kek. You're going to make him cry

>> No.58294964

>>58294522
For the Epyc CPUs, does the clock speed matter? I'm seeing a wide range of prices, with the slower ones being cheaper

>> No.58295022

>>58294964
It plays a distant second to core count. They range from 8c16t to 64c128t.

>> No.58295058

>>58295022
So I should look for high core count and something not too slow, prioritising cores?

>> No.58295096

>>58295058
Yes, also try to fill all the memory channels, e.g. an EPYC 7601 needs 8 sticks of RAM for max efficiency. Speed doesn’t factor in as much because fast ECC ram is expensive.

>> No.58295170
File: 20 KB, 400x366, 0127.jpg [View same] [iqdb] [saucenao] [google]
58295170

>>58227016
so should I just use change now if Im looking to get some monero?

>> No.58295294

>>58295096
>>58295022
>>58294522
I see, thank you all for your help! Looking on ebay I can see a lot more desirable prices now that I know what I'm looking for, and the mining calculator I'm using cross referenced with the xmrig leaderboards show some promising results!

>> No.58295371

>>58295294
>xmrig leaderboards
I don't know how the top results achieved those numbers, realistically it's slightly less. I have an R9 5900x that does at most 14kh/s but I see people with 17kh/s.

>> No.58295435

>>58295371
I assumed that the results would be skewed due to optimisations, but that seems like quite a bit of a difference.

I obviously don't want to splurge on hardware to find out that I've been misled or misinformed, so how can I properly research what capabilities the hardware I'm looking at has? Do I just YOLO it and look for big numbers (in the appropriate measurements) and hope for the best?

>> No.58295445
File: 321 KB, 375x523, 1627826733736.png [View same] [iqdb] [saucenao] [google]
58295445

>>58233993
>>58234263
>>58234601

So the OP will never be doing the usual first ~7 posts of copypasta in the XMR general ever again? is that why there is no link to the previous thread? It really was full of useful info..

I archived it
>https://archive.is/z5IBF
I archived it, because it is full of useful info

>> No.58295460

>>58295445
>>58231647(meant to put you in my post as well)
>These messages are repeated because they have useful info. Go look at the previous two generals, the fixed messages are a tiny portion of the total messages.

>> No.58295471

>>58295435
Check out YouTube, a lot of miners describing their setups. All of the popular processors are there, or at least something similar. Rabid mining is a good one.
It seems the xmrig top scores were done on unstable overclocks with liquid cooling just for the high score, only way to explain it.

>> No.58295474

>>58295445
Last thread died and wasn't made by the same xmrchad.

>> No.58295484

>>58295471
I'll give it a watch, thank you for your reccs!

>> No.58295575
File: 46 KB, 1197x1010, 1614262513344.png [View same] [iqdb] [saucenao] [google]
58295575

>>58295474
>Last thread died and wasn't made by the same xmrchad.

ah i see. thank you, that's good to hear

>> No.58295993
File: 30 KB, 1024x492, Imagepipe_2.jpg [View same] [iqdb] [saucenao] [google]
58295993

I got Monero, hoes, Monero and hoes, I got Monero, hoes, Monero and hoes

>> No.58296398

>>58295435
>I obviously don't want to splurge on hardware to find out that I've been misled or misinformed
Please understand, you will lose money on this. It's only a question of how much and how you want to lose it. You know that right?

>>58295371
You need to undervolt and overclock. Get mclk and ram timings dialed in. Overclock ram as well. You can get at least 15kh/s I believe in you.

>> No.58296428

>>58295575
No matter CTO gonna troll em all the way home!

>> No.58297524

>>58296398
> You inow that right?
As with most things I assumed there would be a way to minimise the loss. I want to support Monero by hosting a node and mining it, but I'm also not in the position to run either without it paying itself off.

But that being said, all of that is a massive cope, and all things considered I probably should stay out of mining for the time being

>> No.58298470

>>58297524
Unless you consider your mining operation a donation you will be disappointed. Consider running a node if you want to contribute without spending too much.

>> No.58298584

>>58297524
You mining at a loss doesn't support the network. That's a myth spread by midwits who don't know what they're talking about. If people had to mine at a loss for Monero to be secure it wouldn't work at all. The proof of work longest chain game theory is the main breakthrough that Satoshi made. It's the whole basis of this entire scene.

The reason it is "unprofitable" to mine XMR is because it has been purposely engineered like that. It is meant to be unprofitable for people to use economies of scale to mine more profitably and out compete regular people. Mining XMR is profitable if you already own the hardware depending on your electricity costs. You cannot buy monero mining hardware at retail prices for the sole purpose of mining without losing money. This is a good thing.

Monero's algorithm is basically desgined around the fact lots of people already have a computer. It is far more decentralized for millions of people to mine a little bit than for a few people to mine a lot. If you don't have a computer then don't worry about it you're not missing out on much. It would be more helpful to spend money on donating to development or even just buying the coin than losing money on hardware.

If you have an internet connection with high upload speeds then it might be helpful to run a node. The most important specs would be upload speed, then RAM size and SSD speed. The CPU would only have to be adequate.

If you don't have a computer and you would like to buy one for reasons in addition to doing Monero stuff, then you could skew your search towards something that would also be good at monero stuff. Don't get an EPYC or anything like that. Just look for the best value stuff like a 3900x and newer equivalents 5900x, etc.

>> No.58298841

>>58295371
>leaderboards
They're probably running the Linux CLU and have custom mem/cpu clocks. I doubt that is worth the time for most people. Definitely not worth my time considering I am donating my electricity and compute already.

>> No.58300520
File: 483 KB, 1082x695, 1609783582596.png [View same] [iqdb] [saucenao] [google]
58300520

>> No.58300591

>>58298470
>dude, just operate a global financial network for free

>> No.58300777
File: 2.03 MB, 1536x1024, DPRM.png [View same] [iqdb] [saucenao] [google]
58300777

https://www.youtube.com/watch?v=3giTYRttoRQ

>> No.58300802
File: 262 KB, 823x749, file.png [View same] [iqdb] [saucenao] [google]
58300802

>>58298584
>You mining at a loss doesn't support the network. That's a myth spread by midwits who don't know what they're talking about. If people had to mine at a loss for Monero to be secure it wouldn't work at all. T

Donating CPU cycles at an *acceptable* loss for a cause you believe in has been a thing for decades now.

https://en.wikipedia.org/wiki/List_of_volunteer_computing_projects

>> No.58301269

>>58293521
yeah. but still monero is king.

>> No.58301291

>>58300802
t. midwit

>> No.58301375
File: 454 KB, 634x714, 1711419024628288.png [View same] [iqdb] [saucenao] [google]
58301375

>>58301291
>t. midwit
Devastating rebuttal.

>> No.58301464

>>58301375
What else is there to say? Your post is too dumb.

>> No.58301645

>>58301464
Because? I pointed out how people the world over are quite willing to donate CPU cycles for the benefit of causes they believe in. People also have charities they donate to regularly. Supporting Monero by paying a little extra on your power bill is no different.

>> No.58302583
File: 334 KB, 1511x765, file.png [View same] [iqdb] [saucenao] [google]
58302583

FYI Tether has printed another $500 million USDT, that's $2.5 billion printed in just the last 3 days.

At this rate we'll be hitting $110 billion by next week and to put that in perspective, remember that the $100 billion USDT threshold was crossed just 30 days ago, on March 5th.

>> No.58302692

>>58302583
Based... Must be that organic demand BTC maxis speak about?

>> No.58302783
File: 131 KB, 800x2000, 33d.png [View same] [iqdb] [saucenao] [google]
58302783

>>58301375
>33 pbtid
You literally are the midwit meme though

>> No.58302868
File: 1.99 MB, 320x240, 1708837056329409.gif [View same] [iqdb] [saucenao] [google]
58302868

>>58302783
Keep saying "midwit" instead of making a coherent counter-argument.

>> No.58302906

>>58302868
Equating running a financial network to donating CPU cycles for cancer research or recouping your losses by using miners for heat shows you don't know shit about economics
https://www.truthcoin.info/blog/pow-cheapest/#making-the-work-useful-wont-work

>> No.58302964

>>58302868
In short, bot farms, donating CPU cycles, using your miner for heat, raises mining difficulty and lowers revenue, putting other for profit miners (something you need for a secure financial network) out of business. The net gain in hash rate is zero.

>> No.58303455
File: 206 KB, 1080x1304, 1709609860023309.jpg [View same] [iqdb] [saucenao] [google]
58303455

>>58302906
What economics? We're talking about altruistic mining here.

>>58302964
>In short, bot farms, donating CPU cycles, using your miner for heat, raises mining difficulty and lowers revenue, putting other for profit miners (something you need for a secure financial network) out of business. The net gain in hash rate is zero.

First of all, who says you *need* for-profit miners to secure the network? Donated hashpower is indistinguishable from invested hashpower as far as the network is concerned. What exactly motivates miners isn't as important as the fact that they are mining. The first BTC miners didn't mine for profit either, ideology is a helluva drug.

Second of all, having a relatively small number of for-profit miners in specific locations (cheap power) providing a majority of the hashrate isn't ideal, for obvious reasons.

Conversely, having a relatively large number of households spread out around the world each donating some CPU cycles thru their old/unused devices and collectively providing a majority of the hashrate *is* ideal as far as decentralized mining is concerned, its easily the best-case scenario.

Its why ASIC-resistance is so based: it makes literally every household in the developed world a potential Monero mining hub.

>> No.58305578
File: 177 KB, 1216x1184, 1635626025437.jpg [View same] [iqdb] [saucenao] [google]
58305578

>> No.58306774
File: 388 KB, 1000x1000, 163672673552060933.jpg [View same] [iqdb] [saucenao] [google]
58306774

>> No.58306868

>>58227016
Can anyone please explain to me why Monero isn't going up in price? I am concerned more with preserving my purchasing power than privacy.

>> No.58306936

>>58303455
It would be very tedious to go point by point on why you're wrong because you haven't grasped the fundamentals. It would be better to start again and get the correct understanding. You need to think more. Like supplement iodine so your brain will work better, then read the satoshi whitepaper, some truthcoin posts, play with the andersbrownworth blockchain demo.
Watch this video https://www.youtube.com/watch?v=vm_Kw5m_Osk
Read this bit again.
>donating CPU cycles raises mining difficulty and lowers revenue, putting other for profit miners (something you need for a secure financial network) out of business. The net gain in hash rate is zero.

Then go for a walk and digest it all. Give it a week and see what you think about your post then. Which bits are wrong and which bits are right. Ask yourself "what is the purpose of mining?"

>> No.58307152

>>58306936
>something you need for a secure financial network
This is an assertion, not a law of nature.

>> No.58307182

>>58307152
I should have cut it down to the pertinent point
>donating
>net
>zero

>> No.58307229

>>58307182
Irrelevant. You can do lots of other profitable things with CPU time. The market will always come back to provide baseline hash rate relative to the value of the coin.

>> No.58307338

>>58307229
Idk what you're saying

>> No.58307438

> -26.77 (17.12%) past year

>> No.58307966

>>58295445
>So the OP will never be doing the usual first ~7 posts of copypasta in the XMR general ever again?
I don't know. I'm OP for the first time because I didn't see a live /XMR/ thread so I decided to start it the same way it has always started.

>> No.58308012

>>58301645
This is true I have no clue why people are disagreeing with you. You can mine at a loss if you want and help. Whether there are better ways to help is irrelevant to whether mining at a loss is helping or not.

>>58302964

>for profit miners (something you need for a secure financial network) out of business.
No, you don't need them. You need hashpower, and clearly some people are willing to done hashpower even at a loss otherwise we wouldn't be having this conversation.

>The net gain in hash rate is zero.
Yes, that's the point that disproves everything you said. The hashrate will not change in the long run when someone decides to mine at a loss. What does change is that it is more decentralized because in practically all cases, the ones that mine at a loss are smaller miners than the ones mining at a profit, so you need, lets say, 10 at-a-loss miners to join to push out 1 for-profit miner causing more distributed mining.

>>58306936
>It would be very tedious to go point by point on why you're wrong because you haven't grasped the fundamentals. It would be better to start again and get the correct understanding. You need to think more.

Nice evasion retard. Everyone can see that you have no idea what you are talking about. You watched a couple of videos but that can't make up for low IQ.

>> No.58308021

>>58286490
>>58286347
I NEED MONERO-CHAN NOPAN

>> No.58308136

>>58231671
Thank you mate

>> No.58309017

>>58307182
Retarded retarded is retarded.

>> No.58309197

So I've been away for a while. Monero's been delisted? This is... Wow. They are actually afraid.

I've been using my shitty laptop to mine a bit whatever little bits I can. I should buy a real computer.

>> No.58309328

>>58308012
>The hashrate will not change in the long run when someone decides to mine at a loss
Exactly, someone who could have mined sustainably just didn't because you irrationally decided to lose money raising the difficulty. You didn't help anyone. You just made more e-waste, burned more coal, and put yourself in a worse financial position to actually support Monero.

>the ones that mine at a loss are smaller miners than the ones mining at a profit
Not for XMR. The monero algorithm is specifically designed for the opposite of that. Profitable mining is limited to hardware you already have free access to. Bitcoin is the opposite, don't get confused.

>You watched a couple of videos but that can't make up for low IQ.
People used to joke about where they got their degree in blockchain but you guys actually need one holy shit. Those aren't the spastic crypto pumper and cypherpunk larper videos you guys watch these days, those are the basics that no one has cared about since 2016. I'm spoon feeding you your first lesson in blockchain, be grateful.

>> No.58309417

>>58307438
Yet my Kraken account only goes up.

>> No.58309508

>>58303455
>>58306936
>>58308012
>>58309328
Miners who donate their hash power don't operate in a vacuum, they are part of a single economy and their decision to mine or not effects the profitability of all other miners, which effects their decision to mine or not.

You "need" for profit miners in that money is how network security is measured, how expensive it is to attack the network. Hash power is just part of this calculation. And all miners are "profiting" from mining, just that the gain volunteers are getting out of it is intangible. But for the purposes of operating a secure financial network you need to measure the gain in something tangible, and as with every economy, money and profit are the most effective way to do so.

It would be great if we could all be freetards about mining, but the vast majority are driven by profit, and people donating CPU cycles are effectively undercutting this majority. The Monero hash rate has been declining since Jan 2022 after all.

>> No.58309659

It needs to be clear there is no such thing as "donating" hash power (besides mining to someone's address which is actually just donating mined XMR). If you mine unprofitably you are just losing money and reducing the mining profit of others. There is a 0.6xmr reward for every block. The more miners vying for that reward, the less each of them will get of it on average. This will reach an equilibrium based on the value of that 0.6xmr and the amount of miners competing for it.

Based on that what would raise the hashrate in the medium to long term?
>spending millions on AWS compute credits
>spending millions buying XMR on the open market

>> No.58309722

>>58303455
>xmr dagger
>mining rig
You sir are highly based.

>> No.58309749

>>58306936
>It would be very tedious to go point by point on why you're wrong
Pilpul.

>> No.58309837
File: 81 KB, 1097x624, file.png [View same] [iqdb] [saucenao] [google]
58309837

>>58309328
>Exactly, someone who could have mined sustainably just didn't because you irrationally decided to lose money raising the difficulty. You didn't help anyone. You just made more e-waste, burned more coal, and put yourself in a worse financial position to actually support Monero.
>>58309508
>Miners who donate their hash power don't operate in a vacuum, they are part of a single economy and their decision to mine or not effects the profitability of all other miners, which effects their decision to mine or not.

Lamenting about the simps who "irrationally" donate CPU cycles out of love for Monero-chan is like lamenting about glowies spamming the blockchain. People will mine/spam XMR for whatever reason they want, you can't stop them so whining about it is pointless and futile.

In this case, donated hashes aren't an attack on the network, the more the merrier.

>> No.58309887

>>58309837
I don't care if you do it, I just want you to know it's not achieving anything. You're not helping, not supporting, not donating. Stop telling people that's why they should mine and why others mine. Some deluded redditors mine under the impression that they're fighting a cause, true. The vast majority of miners are doing it to make a profit and they are making a profit. If it's not profitable for you then there's no reason to mine.

>> No.58310083

>>58309837
I get the impression your entire personality is wrapped up in Monero. Debating with you is impossible because you take every criticism as a personal attack.

>> No.58310111
File: 710 KB, 1920x1200, 1630540501873.png [View same] [iqdb] [saucenao] [google]
58310111

>>58309887
>Stop telling people that's why they should mine and why others mine.

lol who called the Mining Police?


>If it's not profitable for you then there's no reason to mine.

I do it for her.


In any case, I get what you're saying but I disagree. Having a widely distributed crowd of altruists each providing a little bit of hashrate on old/unused hardware is preferable to a handful of geo-concentrated mercenaries providing most/all of the hashrate, at least as far as decentralization is concerned. Altruists will mine even if the price drops, mercenaries won't.

>> No.58310142
File: 385 KB, 761x1033, 1627069621721.png [View same] [iqdb] [saucenao] [google]
58310142

>>58310083
>I get the impression your entire personality is wrapped up in Monero. Debating with you is impossible because you take every criticism as a personal attack.

Nah, bro, I just put ideology ahead of profits.

>> No.58310159

>>58310111
You're saying it like it's an either or thing. If Monero becomes more profitable to mine then less efficient miners (people using their desktop at residential electricity rates) can afford to mine, enhancing network decentralization. When Monero isn't as profitable to mine (e.g., when being undercut by freetards) only highly efficient centralized miners can afford to operate (e.g., bot farms or corporations getting subsidized electricity).
If people have spare money enough to mine monero at a loss, they should put that money towards buying monero instead, raising miner profitability.

>> No.58310187

>>58310111
>In any case, I get what you're saying but I disagree.
Checked and you don't.
>Having a widely distributed crowd of altruists each providing a little bit of hashrate on old/unused hardware is preferable to a handful of geo-concentrated mercenaries providing most/all of the hashrate, at least as far as decentralization is concerned. Altruists will mine even if the price drops, mercenaries won't.
False dichotomy. You have created a fake reality in your mind. There is not a handful of geo concentrated miners providing all the hashrate because this is not BTC as explained above.

>>58310159
Exactly this.

>> No.58310237
File: 43 KB, 640x539, 1b9.jpg [View same] [iqdb] [saucenao] [google]
58310237

>>58310142

>> No.58310326

>>58310159
>When Monero isn't as profitable to mine (e.g., when being undercut by freetards) only highly efficient centralized miners can afford to operate (e.g., bot farms or corporations getting subsidized electricity).

If these "freetards" are collectively outhashing for-profit miners, then who cares? The network ultimately benefits from having a higher hashrate, regardless of the source.

>>58310187
>There is not a handful of geo concentrated miners

Mining is more profitable where power costs are lower. This results in a concentration of for-profit mining operations in specific locales.

Ideally we want Monero mining to be broadly distributed around the world to minimize potential points of failure. Encouraging ALL users to mine helps achieve this.

>> No.58310549

>>58310326
You've missed the point ten times in a row. This is why I told you to get your head around the fundamentals in my first response >>58306936
You're still reasoning by analogy based off random things you've heard.

>> No.58310662

Luke Parker talking about full membership proofs: https://youtu.be/rwA5L1LwSUs&t=0

>> No.58310946
File: 211 KB, 605x404, jcqabr4sasoc1.png [View same] [iqdb] [saucenao] [google]
58310946

>>58310549
>You've missed the point ten times in a row

What point? Your lamentations? You're whining about something you can't prevent or control. Altruists will continue to mine for free, deal with it.

>> No.58310978

>>58310326
>If these "freetards" are collectively outhashing for-profit miners, then who cares?
Because they aren't and they never will. For profit mining operations will always be able to out mine since they're making a profit that can be reinvested, have access to bulk rates on hardware, electricity subsidies or cheaper rates, or in some cases are bot farms.
>>58310142
"Profit" and prices are just a way of indicating where people believe resources should be allocated. Valuing your own personal ideology over the collective beliefs of everyone else (i.e., the market) always leads to fuck ups.

>> No.58311139

>>58310978
>Because they aren't and they never will. For profit mining operations will always be able to out mine since they're making a profit that can be reinvested, have access to bulk rates on hardware, electricity subsidies or cheaper rates, or in some cases are bot farms.

Nice assumption, bro. The idea is that if a sufficiently LARGE number of people around the world each provide a little bit of hashpower on devices they already own, it will add up to a grand total that is sufficient to both secure the network and maximize its decentralization. RandomX and trusted remote nodes make this feasible, its just a matter of encouraging users to mine and streamlining the setup.

Asking people to "plz stop supporting the network for free" comes off as glowie talk btw.

>> No.58311220

>>58309328
>you irrationally decided
Donating is not irrational.

>You just made more e-waste, burned more coal
Which I bought with my money so idgaf if you don't like it.

>and put yourself in a worse financial position to actually support Monero
That's always the case when you donate in any way that isn't the optimal. It doesn't make the donation worthless if the way it's done pleases me and if it also helps in this case decentralize the mining even more.

>You didn't help anyone.
Decentralization in mining helps.

>Not for XMR.
For-profit miners are the ones that are incentivised to keep as much hardware as they can to mine, and even acquire more. I don't know what boards you frequent, but there are lots of people showing "rigs" even here. Clearly they have more hashing power than me and others who just fire up a laptop or random desktop to donate a few cycles and get a few cents in return. Sure, the algo doesn't favor centralization as much as ASIC-doable algos but it's still centralizing on those that can profit from it and moving away from those that cannot.

>spoon feeding you your first lesson
You're feeding me a load of bullshit.

>>58309508
>You "need" for profit miners in that money is how network security is measured
Yes, money that it take sto 51% attack the network, not in miner profit money. It makes no difference to security whether all of the mining power is at-loss or at-profit, only the total hashrate matters. If you add miners who mine at a loss, either you increase the difficulty (and the hashrate), or you don't change it. It won't be reduced. Therefore the security, i.e. the cost to 51% attack the network will either go up or not change.

>money and profit are the most effective
They are. This has nothing to do with other people deciding to simply donate cycles. This is like saying that if I start making bread for free, we'll end up with less bread because now the for-profit bakers will be out-competed by me. Bullshit on many levels.

>> No.58311618

>>58311139
You're the one making assumptions, that your personal ideology can overcome market forces in the long run, when that literally never happens.
And I'm not asking you to stop if that's what you want to do personally, but people shilling to newcomers itt that they should blow money on hardware and electricity, when it ultimately has zero positive impact, is a waste.

>> No.58312024
File: 83 KB, 1079x675, pGmHK2ZhxGur.jpg [View same] [iqdb] [saucenao] [google]
58312024

>>58311618
Who cares faggot? Let idiots waste their money. The market dgaf.

>> No.58312242

this shit requires a supercomputer just to download and sync the blockchain

>> No.58312435

>>58312242
Nope. You can even do that on your phone.

>> No.58312799
File: 103 KB, 478x640, 718933691_1b96fe6dee_z.jpg [View same] [iqdb] [saucenao] [google]
58312799

>>58311618
>You're the one making assumptions, that your personal ideology can overcome market forces in the long run, when that literally never happens.

Uh, FOSS says hello.

You sound like that Microsoft CEO who called FOSS "communism" because its free.

>> No.58313005
File: 69 KB, 1261x757, 1712170815194623.png [View same] [iqdb] [saucenao] [google]
58313005

>>58312799
The FOSS community is essentially Microsoft's paypig at this point.

>> No.58313069

can someone please explain why no major exchange supports XMR? is it just because I live in Jew York? I don't understand why it's easier for me to buy heroin then XMR here.

>> No.58313210

>>58313069
>can someone please explain why no major exchange supports XMR?
Anti-Money Laundering laws and regulations make it a legal nightmare to deal with XMR, because there's virtually no way to verify where the XMR came from when users bring it in. Binance was just hit with a $4.3 billion fine because they "violated AML regulations", which basically sent a signal to every major exchange that the US government is not fucking around when it comes to illicit crypto being sold on exchanges.

>> No.58313358

>>58313069
>is it just because I live in Jew York?
Yes

>> No.58313580

>>58313210
Glowniggers SEETHING

>> No.58313640

>>58313069
buy ltc on coinbase then swap to xmr on trocador. literally a two step process that takes five minutes.

>> No.58314090

#monero-research-lab summary for 2024/04/05:

> There is a proposal by Diego Salazar to conduct a security review of Generalized Bulletproofs. The proposal is in a merge request.
> Custom unlock times for Monero outputs should be removed. There is a PR to do so that has been waiting for over 2 months.
> Kayabanerve proposes a way for FCMPs to provide optional view keys for new addresses without requiring new address types or breaking compatibility with old addresses. This would allow view keys without invalidating existing addresses or fingerprinting wallet software updates.
> The next Monero hard fork should prohibit custom unlock times by consensus rules to prevent them.
> Locked outputs will complicate FCMPs so there is a discussion on how to handle them and potentially deprecating them.

>> No.58314108

>>58313005
Billionaires begging for free support, hands out. That's one of the most disgusting things I've ever seen.

>> No.58314122

>>58313640
Kind of useless if you're a trader though. Guys outside Cali and NY are paying <1/10th the premiums on Kraken. Maybe look into being a digital resident of FL or SD.

>> No.58314150

>>58314108
It's not Microsoft's project. Why should they take over maintenance of an obsolete compression format?

>> No.58314244

>>58314150
That's not xz, that's ffmpeg. Microsoft guys went to their bug tracker and assigned their own issue as high priority like they're their bosses. When offered a support contract, they gave some lowball one time offer. A literally trillionaire corporatio.

The robber barons of today are beggars. Beggar barons. Hands out, they beg for free labor from open source cucks.

>> No.58314343
File: 546 KB, 1024x926, monero-chan glowie.png [View same] [iqdb] [saucenao] [google]
58314343

This whining made me want to mine on my phones now.

>> No.58314516

>>58314108
>>58314244
I work in corpoland. Cutting up copyleft software for our own closed source tools is a matter of course. No one reads licenses.

>> No.58315860
File: 287 KB, 373x537, cz.png [View same] [iqdb] [saucenao] [google]
58315860

>>58309197
>Monero's been delisted?
Yup. Fedbois got to CZ & Binance. Not a bad thing though as they were being real shady with XMR.

>> No.58315866
File: 229 KB, 1540x2048, glock.jpg [View same] [iqdb] [saucenao] [google]
58315866

>>58303455
>picrel
Missing an XMR accessory.

>> No.58316290

>>58315866
>last thing you see before killing a target

>> No.58317158

BUY XMR

>> No.58317295

>>58310946
You're not an altruist because you're not helping anyone. You're a vain poser who larps as a cypher punk. You wasted money on a mining rig so you could post pictures on reddit for upvotes. It's tragic.

>> No.58317339

>>58315866
Where is your monero themed chastity belt?

>> No.58317355

#monero-research-lab summary for 2024/04/06:
> Kayabanerve is discussing the possibility of implementing a new private key and wallet utilities format called "OVKs" that would allow for backwards compatible addresses while requiring changes.
> Tevador thanks Kayabanerve for writing about topics and says they still need to review write-ups on "OVKs" and related topics, and will try to leave comments later.
>OKVs, or One-time Key Validators, are a proposed enhancement to Monero's privacy and fungibility. OKVs would allow a wallet to generate a separate public key, called an OKV, for each transaction output. This prevents an observer from linking multiple spending transactions to a single public address, improving privacy. OKVs could be optionally enabled for new wallets without requiring changes to the existing Monero address format.

>> No.58317627

>>58317355
just focus on the full membership proofs

>> No.58318741

>>58227016
pedocoin

>> No.58319474

>>58318741
Somebody has to think of the children.

>> No.58319632
File: 154 KB, 1600x900, 1684715046415484.jpg [View same] [iqdb] [saucenao] [google]
58319632

>>58306868
Because XMR isn't meant to hold as an investment. Its an actual currency, meant to dodge sanctions and taxes (dubiously, since there isn't enough volume or places to swap XMR to other crypto or XMR to fiat to actually fulfill this purpose). In reality it is a toy currency circlejerked by a couple lolbertarians and darknet druggies.
I still want to breed Monero-chan though.

>> No.58320048

>>58317295
stfu faggot, a hash is a hash, if you can't compete go mine chia instead

>> No.58320077

>>58319632
>XMR isn't meant to hold as an investment
says who ?

>> No.58320445

>can't withdraw my XMR from kraken

It's over, isn't it?

>> No.58320469
File: 1.57 MB, 1920x1080, itsoverope.webm [View same] [iqdb] [saucenao] [google]
58320469

>>58320445

>> No.58320485

>>58320077
4 year performance as an investment is pretty shit. I still think it's going to 215 when the real top is in this cycle, but I wouldn't advise anyone to buy based on that assumption. Monero is most nutritious for people trading the intra-day ~ daily time frame. If you're going to hold for a long time, your position should be well under $100

>> No.58320507
File: 168 KB, 1024x1024, 1710377184560658.jpg [View same] [iqdb] [saucenao] [google]
58320507

>>58317295
>You're not an altruist because you're not helping anyone.

Looking a gift horse in the mouth.

>You wasted money on a mining rig so you could post pictures on reddit for upvotes. It's tragic.

lol not my rig

>> No.58320554
File: 181 KB, 869x683, 1697734156746195.jpg [View same] [iqdb] [saucenao] [google]
58320554

>>58320077
>>XMR isn't meant to hold as an investment
>says who ?

The "Monero is a terrible investment" meme evolved to discourage hoarding. Spending grows the Monero economy, hoarding suffocates it.

Read between the lines.

>> No.58320619
File: 1.07 MB, 1920x1080, clownmarket.png [View same] [iqdb] [saucenao] [google]
58320619

>>58320485
>4 year performance as an investment is pretty shit.

This is a highly irrational, cartoonishly manipulated clown market. You don't "invest" in crypto, you roll the dice like you're at a casino and hope you get lucky.

>> No.58320870

I think monero has a lot of potential, but I'm going to do some more research on wallet security before I begin investing
any vulnerabilities that I should be aware of?

>> No.58321153

>>58227016
First time retard setting up xmrig. I'm getting 1/2>>58320870 of the hashrate that xmrig.com benchmarks say I should expect from my CPU model. Is this normal? Is there some setting I need to tweak? Like page file size or something?
Excuse my newfaggotry, thank you.

>> No.58321168

>>58321153
Accidental reply pls ignore.

>> No.58321177

>>58320485
>4 year performance as an investment is pretty shit.
It hasn't pumped enough, therefore it never will, and that's why it isn't "meant to hold as an investment" ?
You unironically think that looking at the past price action will predict the future ?

>>58320554
>Spending grows the Monero economy, hoarding suffocates it.
"Hoarding" it is important as it increases the value of the circulating supply for everyone else.
You could have everything being "hoarded" except 10k XMR total being actively traded for goods and services and it wouldn't change a single thing for that use case.
What I'm "hoarding" wouldn't have been spent by me either way, I'm already buying everything I need with it.
Spending and "hoarding" aren't mutually exclusive at all.

This anti-moon shit as a whole is a retarded cope.
Kind of odd that in 5+ years, half of the people that will cry about not catching the XMR train will be XMR fags themselves.

>> No.58321197

>>58320619
Nah, you just suck at crypto. Lots of people are consistently profitable.

>> No.58322250

>>58321168
there are no accidents

>> No.58322442

>>58322250
Can you help me with my xmrig hashrate then?

>> No.58322773
File: 690 KB, 1200x1472, 753123843.jpg [View same] [iqdb] [saucenao] [google]
58322773

>>58321177
>"Hoarding" it is important as it increases the value of the circulating supply for everyone else.

There's another way of skinning that cat.


>>58321197
>Nah, you just suck at crypto. Lots of people are consistently profitable.

Well, obviously, all you gotta do is pick coins with the best fundamentals and you can't lose.

>> No.58323211

There aren't any dumb pitfalls I have to avoid as far as transactions go with monero to be private, right? I don't need to use some retarded mixer or wallet or whatever, I can just send/receive no worries and I won't have any privacy issues?

>> No.58323271

>>58323211
There's always going to be weird edge cases like broadcasting through someone else's compromised node, your wallet being compromised, shit like that. Besides those weird edge cases, yes it's just that simple.

>> No.58323347

>>58321197
>Nah, you just suck at gamling. Lots of people are consistently profitable.
99% of people stop investing in shitcoins right before the pump and dump

>> No.58323648

>>58320485
4 year performance, man the zoomers are out of control

I judge things by 20 year performance, bitshit will already be long gone by then

>> No.58323915

Why does xmr only get one commit per month?

>> No.58324572

>>58321153
Yeah it's probably huge pages not being set up properly, and run as root.

>> No.58325647

>>58293532

The most glowing-response I've seen in a while.

>> No.58326250

>>58320077
glowniggers who demand full transparency of people's savings.

>> No.58326549

Is Monezon like purse.io? Has anyone used either?

>> No.58326739

>>58321177
Checked. I hoard XMR. Fight me.

If XMR is valuable, you would be hoarding it as much as you can, too.

>> No.58327102

>>58312799
Most of FOSS as in FSF is useless and insecure because muh bazaar ecosystem. Useful open source stuff is either public domain or MIT/BSD.

>> No.58327165

somebody tell somebody behind DLsite about XMR

>> No.58328035

>>58326739
>If XMR is valuable, you would be hoarding it as much as you can, too.
Of course. But because we are trying to bootstrap a circular economy to secure sustainable long term demand for XMR, a pro-spending, anti-hoarding culture is outwardly proclaimed and strongly encouraged.

Off the record, us anti-hoarders are also (secretly) hoarding because its obvious where things are headed. If you know, you know.

>> No.58328140

The ratio between spending and hoarding (aka saving) is tied to the time preference of people. We should not care what that ratio is, it is what it is. The only thing we should be asking people to do if we care about XMR is to both spend AND save in XMR instead of fiat or less useful crypto. Do not ask someone to not do their savings on XMR. What do you want them to do? To keep their savings in USD? Why would you want that? To prop up the price of USD? Or are you asking people to not save in either XMR nor USD, as if they have no future to plan ahead for?

Spend Monero AND save Monero. Do not increase your spending/saving ratio to help a currency. Increase your XMR/fiat ratio on both saving and spending instead.

>> No.58328607

>>58328140
Conveniently forgetting about gold and silver, I see.

>> No.58329718

>>58328607
It is good to diversify to metals too. But they aren't that easy to transact with right now. Use some for saving because if tech goes down, people WILL start accepting them more in transactions. Just move away as much as you can from fiat and inferior cryptos IMO. Metals are cool.

>> No.58329850
File: 1.26 MB, 1500x1230, 1615308635606.jpg [View same] [iqdb] [saucenao] [google]
58329850

>>58320445
>>can't withdraw my XMR from kraken
>It's over, isn't it?
since which day? and what happens/ what is the message they give? are you sure it's just not because you aren't verified

>> No.58329855

NEW THREAD: >>58329844
>NEW THREAD: >>58329844
NEW THREAD: >>58329844
>NEW THREAD: >>58329844
NEW THREAD: >>58329844
>NEW THREAD: >>58329844

>> No.58330252

>>58329718
This is perfectly acceptable and reasonable. Thank you.

>> No.58331356
File: 55 KB, 618x494, IMG_3750.jpg [View same] [iqdb] [saucenao] [google]
58331356

>>58328140
early bitcoiners were also anti-hoarding and encouraged community to spend everywhere, from pizza to silk road. it’s a 4d move both for adoption and long-term value. no reason to ever hoard it if it never has the utility of a basic currency. monero already has at least that.

>> No.58332495

>>58322442
Give it more threads
Enable 1gb pages
Enable hw-aes
Ensure you have enough RAM
Ensure RAM is fast/using all channels efficiently
Don't use the CPU for anything other than mining
Overclock the CPU.