/biz/ - Business & Finance

[Anonymous No.10892136]

https://research.bloomberg.com/pub/res/d37g1yWebn9LbRbS09rquSuSoDQ
>he's still not all in XMR

[Anonymous No.10892140]

>his coin still isn't fungible

[Anonymous No.10892166]

this is just your weekly reminder that monero is exactly where BTC was in 2010-2012 currently and is poised to become the closest to ideal currency the world has ever seen.
No more spoonfeeding. DYOR. I will be back to say I told you so.

[Anonymous No.10892209]

>Downside in BCH ($268), and cryptoassets which attempt to inherit brand recognition and provide minimal technological advantage to incumbents

[Anonymous No.10892359]

What do you think of ZEC?

[Anonymous No.10892377]

>>10892136
So bullish on XMR and PIVX it seems. Think they are throwing the baby out with the bath water with XRP.

>inb4 XRP bagholder

I bought a bit at 0.38 and it makes up less than %10 of my portfolio. Interesting read though.

[Anonymous No.10892398]

>>10892136
https://www.cryptoglobe.com/latest/2018/08/satis-research-upside-5-year-in-btc-96000-xmr-18000-and-dcr-535-downside-in-bch-268/

[Anonymous No.10892414]

>>10892359
Z-cash is controlled opposition. >>10892140
and this: https://twitter.com/zooko/status/863202798883577856?lang=en
is all you need to know. optional privacy isn't private. privacy cannot discriminate based on arbitrary laws and if it claims it can, it's not privacy.
zooko is zcash lead dev btw :P

[Anonymous No.10892430]

>>10892414
Why did the study think so highly of PIVX. I thought it was trash?

[Anonymous No.10892487]

>>10892430
because studies find what they want to find depending on who pays them

[Anonymous No.10892493]

>>10892136
ALL IN ON ADA AND EOS

[Anonymous No.10892499]

>>10892136
good read. the team who made this research report seems well versed and experienced.

[Anonymous No.10892599]

>>10892487
true, but also >t. didn't read the publication

[Anonymous No.10892636]

>>10892136
Decent report. Deluded altholders will cry a river because they think crypto is actually useful for more than currency and store-of-value memes. Those are the only use cases that are even remotely mature for this asset class though. Maybe utility tokens will find their footing in a few decades, but store of value is where it's at right now.

I've said it before, Monero's time will come when the obscenely rich reach a critical mass of understanding that parking their money in XMR is more secure and less traceable than traditional means of obscuring their wealth from governments. It's an offshore account with no middleman, no paper trails, no administrative fees, nothing. We're only just talking about the majority of the world's wealth here, people. Literally billions of dollars flowing into XMR to avoid taxation and investigation, and they say market cap rises $10 for each $1 that goes into a project, right? We're talking a cap for monero in the hundreds of billions, even trillions of dollars. All before 2025, in likelihood.

And unlike a lot of speculative assets that will bleed out in a global socioeconomic collapse, Monero will actually be strengthened by the failure of nationstates as the rich park their funds there to escape forced redistribution, either directly or via inflation, like what's happening in south africa / venezuela right now (respectively)

[Anonymous No.10892755]

>>10892487
Out of all the coins in the study I highly doubt PIVX would fund this.

>>10892636
Do you have a compt.sci background? Why do you think PIVX would be so highly valued?

[Anonymous No.10892811]

>>10892414
>>10892636
You convinced me guys, gonna put my last couple of BCH into XMR

[Anonymous No.10892849]

>>10892811
You won't regret it, one of the only legit coins among a sea of ponzi schemes and cash grabs

[Anonymous No.10892886]

>>10892136
>look mom I put numbers in the boxes

[Anonymous No.10892930]

>>10892636
>park your money in XMR to obscure wealth from government
>it plummets 99%

yeah, the insanely rich will love that

[Anonymous No.10893304]

Regardless of which coins actually survive, that 3.6T market cap prediction has me at half mast.

[Anonymous No.10893338]

>>10892811
I mean it is the best privacy coin and for only $100 why not have 1.

[Anonymous No.10893410]

>>10892930
>implying the rich don't want to hide their wealth from government
how (((new))) are you

[Anonymous No.10893478]

>>10893410
>implying the rich aren't above the government
how (((jew))) are you

[Anonymous No.10893487]

>>10892636
brah u dont need to hold xmr to hide transactions, rich fucks just gunna alt->xmr->alt into whatever coin they want

[Anonymous No.10893542]

>>10893487
Right after they do Coinbase kyc and have all of their actions recorded and sent to the IRS. SURE!

People who dont hold XMR hate money. Its such a brainless hold, im just sitting here hoping it stays so low for longer so i can dump more paychecks into it, its literally Bitcoin all over again, looking back people will envy those who got in at 100$.

[Anonymous No.10893588]

>>10893542
You have to cash your XMR out just like any other coin in order to actually realize it, and good luck figuring out how to do it without KYC.

[Anonymous No.10893597]

>>10893487
But what's the point of an altcoin when you can just hold XMR?

[Anonymous No.10893603]

i had some XMR
but i kept them on poloniex
and lost them after their goldman sachs acquisition and bait-and-switch KYC
the irony doesn't escape me

[Anonymous No.10893607]

>>10893542
>Right after they do Coinbase kyc and have all of their actions recorded and sent to the IRS. SURE!
>he didn't mine his own coins

Feels good, having 100 xmr without any of my personal info attached to it

[Anonymous No.10893620]

>>10893588
No i dont- all i need to do is buy stuff i want, no banks involved.

[Anonymous No.10893621]

>>10893478
>implying (((they))) aren't the government
here (((you))) go

[Anonymous No.10893652]

>>10892636
>obscenely rich
>obscuring their wealth from the governments
how to tell the post is written by an uneducated neet who thinks he's smart because he watches youtube videos
at the billionaire level, you own the government, you dumb fuck. they don't obscure wealth in shitcoins, but in offshore corporations, stocks, properties, gifts paid back in favors and favors paid back in gifts, loans, gold...
nobody is coming to pump your bags, kid. drop the tumblr tier "Capitalization of my 4chin posts is important to show I'm a serious person." persona and start hitting the books. even a simple google search as to the habits of the ultra-rich would have enlightened you as to what they do in less time than it took you to type this verbal diarrhea you call a post

[Anonymous No.10893668]

>>10893620
Good luck buying:
>food
>land
>property
>a car

The only real use case XMR has is for money laundering. There is no hodl incentive when Bitcoin exists.

[Anonymous No.10893743]

>>10893668
can you explain how xmr helps in money laundering? lol you clearly have no fucking idea what money laundering is, typical /biz/ CNBC watcher...

Laundering is the act of paying taxes on your illegally obtained cash and moving it into the bank. Right now, if you have no proof of when you purchased the coins and for how much, the bank will never let you deposit any significant money from an exchange, ever.

Buying a car for monero will be possible, just as it is possible to do in certain car dealerships in the US for bitcoin at the moment.

[Anonymous No.10893796]

>>10893668
>The only real use case XMR has is for money laundering

[Anonymous No.10893812]

>>10893743
>Run illegal operation
>Get paid in XMR
>Use that money to "buy" your own goods/services from your "legit" company
>Convert to BTC and cash out
>No one can follow the trail
This is literally the only scenario in which XMR is useful for anyone who isn't buying illegal shit off the dark net.

[Anonymous No.10893889]

>>10893812
>Use that money to "buy" your own goods/services from your "legit" company.

Laundering has nothing to do with the trail lol, if the money is not in the bank, it hasnt been laundered... Jesus bizlets never cease to amaze with their stupidity.

If you have a legit operation parallel to the illegal one, you dont need monero to launder the cash- you just say the cash was recieved in legit transactions in the business.

[Anonymous No.10893905]

>>10893889
> if the money is not in the bank, it hasnt been laundered..
It came from someone's bank and will end up in someone else's bank. XMR is just the way to hide the path from bank A to bank B. You really are a brainlet for needing me to explain this very simple concept to you.

>If you have a legit operation parallel to the illegal one, you dont need monero to launder the cash- you just say the cash was recieved in legit transactions in the business.
And then you get audited and you go to prison. Congrats, great plan.

[Anonymous No.10893919]

>>10893905
Im a CPA lol, im done.

[Anonymous No.10893963]

So biz, I'm trying to get to 2000 XMR. How much do I actually need to make it?

[Anonymous No.10893966]

>>10893919
>i'm incompetent
grats

[Anonymous No.10893997]

>he the network that thinks multiple dollar transactions are a good idea will go parabolic
try and guess which one i'm talking about

[Anonymous No.10894022]

>>10893963
About 28

[Anonymous No.10894034]

>he thinks a network that has multi dollar transactions is a good idea and will go parabolic
try and guess which one i'm talking about

[Anonymous No.10894051]

>>10892140
This is why xmr is awesome

[Anonymous No.10894055]

>>10892636
Sry bucko
Protip I've been raised near Jews for most my life. You really think they would notice the market cap of Xmr going interstellar and everyone is involved.
You really think they would allow their tax scheme to get shat on?

They will have this 'privacy meme' deciphered within a week and get the info they need. If they dont they will sell that lie to the masses or shut down/ban the illegal coin. I am absolutely certain

[Anonymous No.10894071]

>>10893410
>>10893478
>>10893621
kek

[Anonymous No.10894163]

I think the bigger thing to discuss here is lending.

[Anonymous No.10894175]

monero only lives as long as privacy doesnt make its way into bitcoin or ethereum. every other privacy coin is a joke, but if privacy is critical monero's days are numbered just like the rest of alts

[Anonymous No.10894198]

>>10894175
Sorry, but you're wrong. It's impossible for a coin not built for privacy to ever become private. It's not as easy as "woosh, now my bitcoin is invisible"

[Anonymous No.10894213]

>>10894175
>>10894198
Privacy coins will all be outlawed eventually. There is a zero percent chance governments are going to let the masses dodge taxes and hide illicit activity so easily.

[Anonymous No.10894236]

>>10894213
Yeah, just like alcohol, weed, gold, and guns get banned. With the swipe of a pen, everything just magically follows the law.
If specific privacy coins are banned, they will actually raise in value because it shows they are unbreakable.

[Anonymous No.10894258]

>>10893889
"Money Laundering" is an all-encompassing term and doesn't have to be in a bank genius. You could very well launder money by putting money into legitimate assets and then selling them back so you get another batch of money without the paper trail ever leading it back to you or your ill-gotten wealth. Jesus Christ, the absolute state of some /biz/lets here.

[Anonymous No.10894264]

>>10894236
People don't have to follow the law, it's just that it will make it a bad investment because no big investors will touch it. You'll have to risk getting fined or going to prison by using it or investing in it, and it will be incredibly hard to convert to fiat. Not worth the hassle and risks when there are other opportunities out there.

[Anonymous No.10894286]

XMR holders are going to make it once adoption is a go and people recognise the value of true financial anonymity and untraceability.
once we can buy groceries and cars in XMR we don't need to cash out or get our money into the bank. the question is whether the state is going to forbid legitimate companies to sell their products for XMR. Sooner or later that seems rather likely.

[Anonymous No.10894312]

>>10894286
>XMR holders are going to make it once adoption is a go and people recognise the value of true financial anonymity and untraceability
I'm always amazed people don't think like this as a default

[Anonymous No.10894334]

>>10894264
Fundamentally I disagree. If the wealthy get into Monero before the government acts (which is inevitable, government is slow), it will never be banned.
The same people who own the Monero would be the ones financing politicians.
Imagine a rich person donating to a politician anonymously and without the public knowing. Is that politician going to ban that currency?
Imagine a government agency hiding it's illegal funds from gun-running, or paying agents or terrorists overseas anonymously and unaccountably.

Is the same institution that will benefit from hiding money going to turn around and ban the best way to hide money?
The same applies to private persons with Monero. Is a rich person going to lobby to have his offshore bank accounts frozen and confiscated? No.

[Anonymous No.10894353]

>>10893889
your a fucking brainlet. Majority of the time, money laundering is just moving cash around between banks legitimately, to find loopholes so that you dont pay tax.

[Anonymous No.10894374]

>>10894213

impossible with atomic swaps

[Anonymous No.10894395]

>>10892811
Indeed, it does appear that XMR is the new BCH. Congrats on this, shills.

[Anonymous No.10894410]

ITT: Privacy is only valuable if you are doing something wrong


Jesus fucking christ the absolute state. This is just sad.

[Anonymous No.10894416]

To be honest with you guys the way the world is headed with Venezuela capital controls and all that bullshit. XMR upside seems about right for 10 years out. I'm definitely gonna start loading up soon.

XMR is the safest bet for store of value besides BTC out of everything.

[Anonymous No.10894420]

>>10894334
I expect that governments will ban cash within the next 30-50 years. We are moving towards more and more transparency despite successful lobbying. Tax havens are under attack, CRS is a thing, that's only going one way

[Anonymous No.10894429]

>>10894334
The oligarchs who control politicians are not the type to get into emerging and risky markets before everyone else. It took the big names almost a decade to start looking at Bitcoin, and even now most of them still shit on it. This is wishful thinking at its finest.

[Anonymous No.10894590]

>>10894429
Perhaps you should be instead considering the very real possibility that said politicians claiming to be working for their own criminal organizations will, in fact, be outliving such referenced organization.

In the sense that you, anon, will be outliving the United States Government.

Please consider the implications of this before continuing.

[Anonymous No.10894691]

>>10894590
I have no idea what the fuck you even just said. Did you forget to take your meds today?

[Anonymous No.10895074]

>>10894691
Only if you forgot how to read at a fifth grade level bud.

I don't think you did, so you know fucking damn well what I wrote.

Fuckwit.

[Anonymous No.10895107]

>>10895074
>hurrrrr you don't understand my schizophrenic ramblings ur dumb
kys faggot

[Anonymous No.10895124]

Based and redpilled.
Platforms like eth are a meme and not a store of volue.

[Anonymous No.10895957]

>>10893304
Those predictions have me at >FULL MAST