/biz/ - Business & Finance

[Anonymous No.12283043]

How stupid do you have to be to NOT be accumulating monero at these prices?

[Anonymous No.12283046]

>shitcoin for terrorists
no thanks

[Anonymous No.12283049]

>>12283043
how is this below IOTA, cardano and tron lmfao.
monerofags on suicide watch

>m-muh fundamentals

[Anonymous No.12283052]

>>12283043
How much XMR to make it? I have 26 atm.

[Anonymous No.12283056]

seeing fattie lug around his rolls with some gay ass $300k watch convinced me to never ever buy monero
most bitcoin early adopters are truly the worst people. can hardly think of anyone in that space who turned out to be a good person, except money skeleton

[Anonymous No.12283064]

>>12283043
Xcash is a better deal

[Anonymous No.12283068]

>>12283056
unironically this too.
i think most of the "good" people are anonymous tho. if you think about it only the real assholes and narcissists would have revealed their identiry

[Anonymous No.12283119]

>>12283046
>>12283049
>>12283056
>>12283064
>t. street shitters

[Anonymous No.12283380]

>>12283056
Correction; 800k watch

[Anonymous No.12283435]

>>12283052
1000+, realistically

[Anonymous No.12283500]

>>12283380
How's that insane price justified?

[Anonymous No.12283517]

>>12283435

100 will do

but think 2022

[Anonymous No.12283563]

>>12283517
>t. holds 100 XMR

[Anonymous No.12283573]

>>12283563

180 actually

[Anonymous No.12283583]

>>12283500
It isn't.
All "high end" watches are fucking consumerist memes.

Much like lambo's: many cars outperform these overprices pieces of shit in every single way imaginable but at a 100/200k discount. Doesn't mean that people won't buy lambo's because "muh lambo".

[Anonymous No.12283631]

>>12283068
And most of the anons are in Monero. For example Smooth is a legend.

>>12283056
As far as crypto personalities go fattypony is easily one of the best. He holds reasonable positions and articulates them well. He isn't a total autist, can be pretty funny and doesn't block everyone who disagrees with him.

>>12283583
>>12283500
Watches like that can be dense portable stores of wealth. Outside of crypto there aren't many ways to strap a million dollars to your wrist and get through customs. And it's a pretty stable asset to diversify into compared to holding mostly crypto.

[Anonymous No.12283644]

>>12283631
So like crypto those watches are grotesquely overpriced memes?

[Anonymous No.12283660]

>>12283644
Same with gold, diamonds, lots of things. For some reason it is useful to have overpriced memes.

[Anonymous No.12283678]

>>12283644
He actually makes a good point. There is a single useful case for watches like the ones we're talking about.
The million dollars on your wrist for customs is a 10/10 solution. Who the fuck is going to recognise it. Can't think of a better way to smuggle 800k across a border other than crypto.

[Anonymous No.12283704]

>>12283043

SHUT
UP
PLEASE
K
THANKS

[Anonymous No.12283720]

>>12283043
Because it's an outdated shitcoin that isn't private or even used in large scale.

[Anonymous No.12283756]

>>12283720

Wow hope you didnt invest too much in crypto as you obviously dont know wtf you’re doing lel

[Anonymous No.12284092]

>>12283043
just tested out the newest wallet.
if you set up a remote node to sync el blockchain its a pretty fast sync.

I like it a lot, one of the better wallets i've used

[Anonymous No.12284160]

>>12284092

no no no no you are deluded, monero is expensive to transact, bloated, slow and has no gui

[Anonymous No.12284185]

>>12284160
what a clumsy attempt at fudding

[Anonymous No.12284199]

I would if I had more money no point if you can only afford 50

[Anonymous No.12284244]

>>12283043
In addition to XMR, I would also buy some low cap cryptonote coins like Masari and Ryo.

[Anonymous No.12284290]

>>12284185

i guess i missed the /s

[Anonymous No.12284299]

>>12283068
not a bad point. it's unfortunate this has left a vacuum for dregs of humanity to be the face of crypto

[Anonymous No.12284340]

>>12283043
HAHAHA

[Anonymous No.12284347]

>>12283043
Another 99% dump incoming for this shitcoin. It's not even accepted in drug markets, only BTC and BCH at the ones I've 'seen'.

[Anonymous No.12284459]

>>12284347
I'm not a drug using degenerate but you may be right....this thing seems to be having real problems. On the surface this seemed like a no brainer, but it just isn't going anywhere but down.

[Anonymous No.12285040]

Monero threads used to be the best, now they're just full of brainlets.

[Anonymous No.12285078]

because monero is already obsolete, not by any other "privacy" alt, but by the way the tech is moving. bitcoin and ethereum will eventually get privacy in the form of what is effectively monero only 1:1 backed by the underlying currency. at that point who's going to care about monero when without having to hit an exchange you can convert your 1:1 private btc or private eth back to btc or eth.

[Anonymous No.12285105]

>>12284290
fuck along back to plebbit now please

[Anonymous No.12285161]

>>12285078
>implying that will be as private as monero

[Anonymous No.12285165]

>>12285078
This.
BTC will implement optional privacy later down the line.
Inherent privacy will prevent adoption widely beyond the black market community. It’s s dead coin in the long term picture.

[Anonymous No.12285179]

>>12285161
why wouldn't it? when the tech is there to support 1:1 layers/swaps/pegs, call it what you want, you can build anything and have its value be known and secure instead of a float like monero.

with ethereum that means you can have 1:1 private dollars via dai or some other stablecoin like tether/trueusd/etc

[Anonymous No.12285192]

>>12285161
‘Good enough’ privacy is all that is needed unless for illegal activities. Which again, will prevent XMRs cap being limitless as BTC

[Anonymous No.12285200]

>>12285192
it'll be better than "good enough", its only a question of liquidity, and theres no reason to think that a btc/eth private token would have less liquidity than a niche altcoin's.

[Anonymous No.12285222]

>>12285165
Wrong.

[Anonymous No.12285233]

>>12283043
I won't accumulate Monero until it goes below 0.0118 again.

[Anonymous No.12285274]

>>12283043
>t.bagholder cope
There is at least 1 thread a week saying the same thing you're saying. So obvious you guys want to dump but there is no liquidity. Just shows the state the market is in rn. Even Monero is getting cucked so badly and is considered a shitcoin. Nobody pays attention to it, nobody wants to accumulate it

[Anonymous No.12285323]

>>12285078
>>12285165
Bitcoin can't even agree on a block size increase. They aren't implementing optional privacy any time soon. If you could trustlessly implement a truly fungible coin like Monero through a dApp on ETH then you might have something worthwhile, but you still have the issue of people actually wanting to use it on top of the technical limitations of getting it to work. Right now, not enough people seem to care.

What also shouldn't be ignored is the fact that Monero wants to create its own scalable ecosystem through Tari.

[Anonymous No.12285379]

>>12285165

>what is tail emission
>what is ring CT
>what is random js

Dead you say?

[Anonymous No.12285602]

>>12283043
Short answer, you should buy more.
Long answer, you should also look at some of its forks. There is some heavy development happening.

[Anonymous No.12285627]

>>12285078
>>12285165
>they think BTC will implement a complex privacy feature
>can't even fork to increase a simple block size

[Apologize No.12285632]

>>12283043
>what is opportunity cost

[Anonymous No.12285718]

>>12285165
>>12285179
>optional privacy
>no asic resistance
Just stop posting. This will make zcash obsolete but monero is king

[Anonymous No.12285749]

>>12285632
Because the rest of the market is doing so great right now, right? Better off actually looking at fundamentals at this point.

[Anonymous No.12285822]

normies will market buy my zcash bags @ 10-20x

they won't buy your dark web pedo terrorist coin, anon

[Anonymous No.12285845]

Monero isn't even used on the darkweb anymore. Dream Market quit using it a few months ago. Its main use case isn't using it. It doesn't have good swings against BTC, maybe a 3x is possible if you snipe the bottom. Assuming all alts are scams, and we're only trading to accumulate more BTC, then there's literally zero reason for my to buy any Monero. Good luck with your bags.

[Anonymous No.12285877]

>>12284160
>Has multiple GUI wallets, even has one on mobile with hardware wallet support
>Quick transactions
>Low fees
FUD harder brainlet

[Anonymous No.12285980]

>>12283046
LOL. exactly, and i mean exactly, what the sentiment was on btc early days.
newsflash: value attracts criminals, criminals didn't build monero.
they use it because it works.
>t. bought monero at $9
>stay poor

[Anonymous No.12285998]

>>12283056
>>12283068
>wow! someone is successful and bought something nice with their wealth! unbelievable!
shut the fuck up you sissies, you know you'd ball out too (if you could, boo hoo)
PS he was interested in fine timepieces long before monero fame; he's just true to himself REEEEEEEEEEEEE

[Anonymous No.12286152]

>>12283043

The fact that all you fags are arguing over this coin vs btc means it’s bullish as fuck. Thanks for confirming my suspicions. Stay poor no monero’s

[Anonymous No.12286301]

>>12285165
This is an argument for why Zcash is doomed to fail, not Monero. I’d say inherent privacy for all txs is Monero’s competitive edge if anything.

[Anonymous No.12286323]

>>12285845
Alright now consider the following:

We know monero is untracable if used properly.
Dream market suddenly stops using it citing some bullshit reason.
>market A is practically exclusively used for "illegal" transactions
>market A suddenly stops accepting the one and only payment method currently offering full anonimity

Does this not jog the cogs of every single person wanting to use this shit? Doesn't smell like a motherfucking honeypot to you?
Wouldn't this necessarily be one of the first steps needed for full proper and succesful honeypotting?

[Anonymous No.12286367]

>>12284244
SHUT THE FUCK UP YOU FUCKING FUCK I AM NOT DONE ACCUMULATING AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.12286391]

i'd say XMR is an investment if you are anticipating a financial collapse soon. or if youre redpilled and know
BTC is NSA eyeballs spying on you that works too.

[Anonymous No.12286428]

the best trustless coin :)

[Anonymous No.12286497]

>>12283043
>lead dev a literal bronyfag
nigga, no

[Anonymous No.12286524]

>>12283043
Retarded.

[Anonymous No.12286611]

>>12286497
Nothing to do with bronies, just a nickname a couple of girls gave him since he's a chad and they wanted his attention.

[Anonymous No.12286940]

>>12283043
Thank you, Varashnu.
500 rupees have been transferred to your account

[Anonymous No.12287142]

>>12283046

[Anonymous No.12287214]

Why would you accumulate this shit coin? The only reason to do so was privacy but LITERALLY every single exchange and even the ones without account like Changelly will HOLD your funds and lock your account until you verify/proof yourself

literally a worthless BTC

proof: just go to the top pages of /r/Changelly, all posts about "changelly stole my XMR" are about ppl who get FORCED verification (or no funds back)

theres no reason for anyone to use this trash

[Anonymous No.12287394]

>>12287214
You are traveling through parts of a country with a medium to high violent crime rate. You need to use some of your Bitcoin to pay for something. If every person you transact with knows exactly how much money you have, this is a threat to your personal physical safety.

You are a business that receives a payment from a supplier. That supplier will be able to see how much money your business has, and therefore can guess at how price sensitive you are in future negotiations. They can see every single other payment you’ve ever received to that Bitcoin address, and therefore determine what other suppliers you are dealing with and how much you are paying those suppliers. They may be able to roughly determine how many customers you have and how much you charge your customers. This is commercially sensitive information that damages your negotiating position enough to cause you relative financial loss.

You are a private citizen paying for online goods and services. You are aware that it is common practice for companies to attempt to use ‘price discrimination’ algorithms to attempt to determine the highest prices they can offer future services to you at, and you would prefer they do not have the information advantage of knowing how much you spend and where you spend it.

You sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment.

[Anonymous No.12287665]

>>12287394
Based

[Anonymous No.12287675]

>>12283678
i agree

[Anonymous No.12287695]

>>12287394
what kind of business would inironically use crypto, your trash is worthless, face it

[Anonymous No.12287696]

Why would a privacy coin ever see widespread adoption? The average person has no need to make private transactions, let alone private cryptocurrency transactions.

[Anonymous No.12287703]

>>12283068
Oh I can think of bigger projects where the figure heads can't even do the work fluffy does. You know some of them claim they're Satoshi and can't even program a fizz buzz

[Anonymous No.12287753]

>>12283056
FP is an agent working under cover. Just watch what else he shills and a lot of what he says

[Anonymous No.12287770]

>>12287394
B&RP

[Anonymous No.12287782]

>>12284160

[Anonymous No.12287989]

>>12287695
>privacy is worthless

[Anonymous No.12288568]

Friendly reminder that anyone unironically FUDding Monero is some kind of paid operative.

[Anonymous No.12288820]

>>12284199
>I would if I had more money no point if you can only afford 50
this is why biz will always be poor

[Anonymous No.12288843]

>>12287695

>No charge backs is worthless

[Anonymous No.12288925]

>>12288820
>2011
>I would buy those interesting Bitcoins for $10 each, but it's pointless to buy only 100 of them with my $1,000.

[Anonymous No.12288962]

Monero is a coin with a decentralized (effective cpu) mining idea, secure transactions, and decently fast transactions.

I can see this being a $2k coin.

[Anonymous No.12288985]

>>12283043
Zcash is better

[Anonymous No.12288997]

>>12288985
>10% dev fee
>optional privacy
>trusted setup

Yeah, way better...

[Anonymous No.12289017]

>>12288997
Regardless of all that, zkSNARKs is so much better than all that monero bullshit, which only adds up to plausible deniability instead of actual hidden private transactions.

[Anonymous No.12289029]

>>12287989
>>12288843
If a company doesn't want to have the ability to track its customers payments and be liable for customers shitflinging government shit fits.

Infact as long as the company isn't offering an illegal product or service I can see many reasons how marketable a privacy based Amazon concept could be to those disillusioned with inflation and purchasing power reduction.

Just picture what wuould happen if a Amazon type of of company started only accepting cryptocurrency.

The banker Jews would shit themselves and ban crypto to Fiat. Because of the Jew crypto ban, people can buy insured gold or silver that can be exchanged for monero and then be spent on other coins.

[Anonymous No.12289031]

>>12289017
No, it requires a trusted setup. GTFO with your shitcoin.

[Anonymous No.12289038]

>>12289017
>CorporateCoin™ by CoinCorp®
No

[Anonymous No.12289082]

>>12289031
Trusted setup is only an issue if every single fucking person colludes as bad actors. And monero has been shown to be traceable if you do a little blockchain analysis. Because it's not really hidden transactions in the same sense as zkSNARKs, it's more like bundling it in a group for plausible deniability. Which can be beaten if you analyze enough transactions (even monero devs admit it). So fuck you.

[Anonymous No.12289111]

>>12289017
>Regardless of all that, zkSNARKs is so much better than all that monero bullshit
but monero literally already works

[Anonymous No.12289132]

>>12286611
>He actually believes this

Face it dude ricky digs furries enough to fuck them.

[Anonymous No.12289134]

>>12284092
>>12284160
Which wallet is this?

[Anonymous No.12289138]

>>12289082
I can hear the weight of your bags through the anger of your words. xmr will make you more money than zec this year due to the inflations. get into zec closer to its first halving

[Anonymous No.12289361]

>>12289111
Monero can literally be traced with a sufficient number of transactions are analyzed (blockchain analysis). Look up An Empirical Analysis of Traceability in the Monero Blockchain. Zcash is NOT TRACEABLE. Monero is for cucks

[Anonymous No.12289371]

>>12289138
We are not talking about which coin is more profitable. We are talking about which of the two is a better privacy coin. And the clear winner is ZCASH

[Anonymous No.12289443]

>>12289361
>>12289371
>research paper that was btfo years before it was even released
>optional privacy
>not asic resistant
Just stop

[Anonymous No.12289472]

>>12289443
Monero has been shown to have a vulnerable setup, and may be exploited in the future. Fuck the whole mixing approach that monero uses. Zcash zkSNARKs are literally not exploitable and much safer. Stop trying to shill a weaker privacy coin.. monero is garbage compared to zcash.

[Anonymous No.12289541]

>>12289472
Can you point us to a few articles that are backed by research? If not then it’s all opinion either way

[Anonymous No.12289558]

>>12289472
Please, read again >>12288997

[Anonymous No.12289588]

>>12289541
https://medium.com/digitalassetresearch/zec-best-in-class-privacy-in-a-public-blockchain-1df2a3728739

Here is an introduction on the strengths of zkSNARKs but I suggest you do more in depth reading on the topic so you can see why it's so much more powerful as a privacy feature than monero's features. And earlier in this thread I posted a well known study on how monero transactions were traceable before RingCT. The fact is that the underlying appoach to privary that monero takes has potential vulnerabilites but zcash's approach are much more likely to not be broken.

[Anonymous No.12289621]

>>12289558
Zero kowlege proof cryptography will always trump address/value mixing and methods that rely on obfuscation. At its core zcash has much more reliable privacy protocols than monero.

[Anonymous No.12289623]

>>12289371
NSA lies.

[Anonymous No.12289624]

how many monero do I need to make it?

[Anonymous No.12289633]

>>12289472
>>12289621
Snowden already released documents saying the NSA is struggling to track Cryptonight (monero.

Nice try at gasslighting tho.

[Anonymous No.12289642]

>>12289624
At least 20.

[Anonymous No.12289662]

>>12289588
>Zcash block rewards are divided following the distribution below:· 3% goes to the Zcash Foundation· 2.8% goes to the Zcash Electric Coin Company· 14.2% goes to Zcash employees, advisors, and founders
>In order for them to function properly, zk-SNARKs rely on a trusted ceremony called The Powers of Tau used to generate a set of keys required prove and verify zk-SNARKs. If compromised (and there is no indication any of the ceremonies have been compromised) it presents systematic risk to the entire project.
...

As such, a total of 20% of the block reward goes to these entities for the next 4 years.

[Anonymous No.12289667]

>>12289642

20? What kind of future price do you think XMR will have?

[Anonymous No.12289681]

>>12289667
$2k is entirely possible.

[Anonymous No.12289685]

just topped off my wallet to 100 XMR, you can pump it now gentlemen

[Anonymous No.12289692]

>>12289681

>$40k is making it

Do you live in Guatemala by any chance

[Anonymous No.12289693]

>>12289633
You're missing the point dweeb. Zcash zkSNARKs, at a very fundamental level, cannot be broken. Everything about the transaction is hidden cryptographically, but the network can still verify the validity of the transaction (zero knowledge proof).

Monero may not be vulnerable at the moment, but it was vulnerable before the RingCT update, and it's entire approach to privacy (mixing/obfuscation) may leave it open to future vulnerabilities.

[Anonymous No.12289742]

>>12289662
Since when do you or anyone else give a shit about who earns the block rewards? I dont see people here complaining about how bitcoin is mostly mined by the chinese. Are you really giving a shit about who earns the block rewards? Please cry me a river. Use the currency that has the best privacy features (ZCASH) and fuck off with your concerns about who gets block rewards

[Anonymous No.12289757]

>>12289693
>>12289742
And you're missing the point that it requires a trusted setup and your entire argument is
>b-but it might be vulnerable again

[Anonymous No.12289853]

>>12289692
Poland

[Anonymous No.12289861]

>>12289472
zkSNARKs space math is cool but not well understood. Monero's cryptography is much more well researched. Also, it's laughable you're saying Monero is vulnerable to blockchain analysis when it's really Zcash, with 3% of transactions using shielding, that's way more vulnerable to temporal analysis. Not even going to shit on you for the more obvious reasons (founder's tax, ASICs, shitty inflation rate, corporate governance). Get the fuck out of here, Zooko. Nobody is falling for ZionCash on this board.

[Anonymous No.12289885]

>>12285323
>>12285627
thats what second layers are for. the laws of computing today are pretty conclusive on how far a distributed blockchain can scale, most transactions will end up on second layers in a closed loop.

within a layer, you can be as private as monero, contrary to popular belief. you lose privacy when you exit a layer with privacy to the base layer, but you also lose privacy when you exit monero to bitcoin.

this isn't theoretical, ethereum has this today for any fungible token on their platform, no cooperation with developers of the platforms themselves needed.

[Anonymous No.12289904]

>>12289757
Youre such a brainlet I swear to god. The only issue with the trusted setup was the possibility that an number of coins could have been improperly minted after the power of tau cremony, which a) would have required the collaboration of all members as bad actors, and b) would have instantly been noticed anyway. And c) it didn't happen. You just see the word trust and you instantly reject it, even thouh zcash is much more safer as a privacy coin than monero ever will be.

[Anonymous No.12289926]

>>12289885
What's a more realistic outcome? People start storing value on an Ethereum dApp or people just use Monero? Nobody is using this shit at a scale we need to worry about now anyway so forget the scaling argument entirely. This shit has been around for almost 10 years.

[Anonymous No.12289936]

>>12289904
>Youre such a brainlet I swear to god
chimping out already

[Anonymous No.12289991]

>>12289926
given that more people by at least an order of magnitude use ethereum today that monero, i think its clear users will absolutely consolidate on an existing dominant platform that can offer them "good enough".

for now sure monero is still the king of privacy, and that may never change, but "good enough" privacy on btc or eth will always win out with the majority, and if you're speculating on monero (you probably shouldn't be), thats what you should be thinking of.

[Anonymous No.12290011]

>>12289936
Guess you just needed an excuse to stop arguing with me since you are stupidly wrong. Glad I gave it to you. Goodbye.

[Anonymous No.12290013]

>>12289904
>even thouh zcash is much more safer as a privacy coin than monero ever will be.
No, it's literally not for about the 12th time in this thread.

[Anonymous No.12290020]

>>12283043
I'm waiting for $15

[Anonymous No.12290030]

>>12283064
this

xcash is superior

[Anonymous No.12290041]

>>12289991
I don't know why you're pairing BTC and ETH together as if it's already been completely decided that those are the only two blockchains that are ever going to matter. A few short years ago lots of BTC maximalists were scoffing at the idea that ETH would ever see development. Things can change.

[Anonymous No.12290078]

>>12289861
>>12290013
Man I don't care how many times you keep repeating yourselves, you are dead wrong. Encrypting all transction information and having a network be able to validate the transaction without seeing any of the details (or publicly publishing any of the details) will always be more powerful and safe than having all transaction details unencrypted but just hiding the actual details in a sea of irellevant data.

[Anonymous No.12290089]

>>12286323
Dream is fucking garbage anyway

[Anonymous No.12290096]

>>12290078
it's literally not though because you have to rely on a trusted entity. RingCT is good enough. How dense are you

[Anonymous No.12290167]

>>12290078
Put it this way. zkSNARKs (in a vacuum) may be better than Ring Signatures, but Monero is still better than Zcash. That's how bad the rest of Zcash is.

[Anonymous No.12290169]

>>12290096
Do you fucking know what the trusted setup was? Please describe it to me because I don't think you get it. The process to generate the initial keys to get zk snarks going was done in an extremely public and controlled manner so that trusted party wouldn't collude (hundreds of people) to generate coins without everyone else knowing. Once this trusted group generated the first set of keys, the system stated up and we have no further need for this group. So I really don't think you have any clue about how this stuff works. You just see the word trust and get autistic on us.

[Anonymous No.12290229]

>>12290169
I know what it means and it's not going away. Trust is involved. Period.

[Anonymous No.12290278]

>>12290167
this

[Anonymous No.12290320]

>>12290229
Gotcha. I'd rather use a system that completely encrypts my transaction data and can only be compromised to have improper coins generated if hundreds of people collude, than to use monero which has been proven to be traceable before, and may eventually be proven to be traceable again. Zcash's potential risk is dilution of your coins values from improperly minted coins by a conspiracy of hundreds if not thousands of people. The risk of using monero is to have your entire transaction history become traceable. Mixing will always be weaker than full on encryption. You take your chances and I'll take mine.

[Anonymous No.12290413]

>>12290320
>monero which has been proven to be traceable before
Mate, that is such out of date fud it was irrelevant even when it was released. Monero protocol now is very different from 2014, people had barely stared working on it then and certainly no one was trusting their life to it.

ZCash's trusted setup is a single point of failure that can't be disregarded.

[Anonymous No.12290430]

>>12289904
>>12290413

[Anonymous No.12290446]

>>12290169
>Do you fucking know what the trusted setup was?
It was a backdoor according to one of the smarter participants.

[Anonymous No.12290461]

>>12290169
>>12290446

[Anonymous No.12290478]

>>12290413
Out of date?? Monero had been around since 2014 and ringCT was introduced in early 2017. So literally for 3 years people thought they were using a great privacy coin with untraceable transactions, and now we know that with enough effort, all those transactions can now be traced if law enforcement wanted to.

I'd rather not bet surprised like that one day when the government figures out some other way to break the heuristics involved in mixing and obfuscating transactional data in monero. Just encrypt all the data please and thanks. Zcash is the way to go.

[Anonymous No.12290502]

>>12290478
>all those transactions can now be traced if law enforcement wanted to
Not with certainty. Only 0-mixin transactions would be really compromised.

[Anonymous No.12290529]

Because I have Dero instead.

You can take your hidden mined garbage and shove it.

Fags.

[Anonymous No.12290533]

>>12290478
The issue in that paper was 0-mixin transactions and they were removed well before ring-ct. Also 0-mixin transactions are still the vast majority of zcash transactions and research papers have shown they cause privacy problems in zcash TODAY.

[Anonymous No.12290568]

>>12290478
>>12290533
Over 30% of 'hidden' zcash transactions linkable.

[Anonymous No.12290583]

>>12290529
>I will support the coin with an actual premine instead of the one with an imaginary premine.
What did he mean by this?
>>12290533
Exactly. 97% of Zcash transactions are unshielded RIGHT NOW and they created this ridiculous Andrew Miller FUD paper to address an issue that Monero solved 16 months prior. Pathetic.

[Anonymous No.12290644]

>>12290568
I don't know the details of this but I would assume this is more of an issue with user behavior than the underlying ZKSNARKS and stealth address. A shielded address (z) sending funds to a translarent address (t) can be analyzed the way they describe. Sending funds from z to z should not have a blockchain analysis vulnerability. If I'm wrong though please let me know.

[Anonymous No.12290666]

>>12289667
40k

[Anonymous No.12290692]

>>12290644
>user behavior
If you churn your XMR transactions a few times you'd probably have an effective mixin larger than zcash's hidden pool. As for people that don't think about it too much they will have more private transactions on monero vs zcash. Seriously where are you going to do a z to z transaction? In practice monero is more private than zcash.

[Anonymous No.12290789]

>>12290692
I dont get what point you're trying to make. Zcash's ZKSNARKS is infinetly better at hiding your transaction information than monero's mixing if you use the technology correctly.

[Anonymous No.12290801]

This is where (APL) Apollo Currency steps in and solves the problem. Complete privacy, IP masking and more. All in one wallet. https://apollocurrency.com/en/

[Anonymous No.12290834]

>>12290529
>10% premine
>ASIC mined since the fifth month of the network (centralized and shitty distributed)
>not open source (dev actually has a license over the code)
>was closed source in the past (lmao), and dev only released the binaries he compiled
>one single unknown dev does everything, takes all the decisions and controls all the premine
>dev makes promises and can't accomplish them
>machine has to be synced with a NTP server for the daemon work (rlmfao)

KEK

[Anonymous No.12290944]

>>12290789
Tell me one place I can spend or receive shielded z transactions. Fucking nowhere because it takes to much CPU and ram and implementing t transactions is easier.

[Anonymous No.12290954]

>>12290944

Solution is Zcoin. Fuck Zkikes and fagnero

[Anonymous No.12291077]

>>12290944
Guess you haven't heard of this most recent upgrade. Here you go:
https://z.cash/blog/reducing-shielded-proving-time-in-sapling/

[Anonymous No.12291098]

>>12291077
I have heard of it. Yet to hear of anywhere supporting z txs.

[Anonymous No.12291180]

>>12291098
https://z.cash/blog/sapling-addresses-turnstile-migration/

>To do the same function, Sapling shielded addresses take only a few seconds and 40 megabytes of memory on a modern computer. This equates to a time reduction of over 90% and a memory reduction of over 97%!

[Anonymous No.12291212]

>>12290944
And the reason we have updates like sapling come out so quickly instead of waiting for years for updates (like ethereum) is precisely because the zcash foundations and employees have a steady stream of funds from the block rewards to pay people to improve things.

[Anonymous No.12291230]

What's the chance of Grin (and MimbleWibmle) destroy both and becomes the best privacy coin?

[Anonymous No.12291272]

>>12291230
From what I understand Grin will be less private as it will show transaction amounts. I could be wrong about this as it's been awhile since I've researched it.

[Anonymous No.12291348]

>>12291230
Zero

[Anonymous No.12291382]

>>12283043
too busy accumulating Enigma

[Anonymous No.12291407]

>>12289134
https://ww.getmonero.org/downloads/

[Anonymous No.12291523]

>>12283043
>buy my bags
No.

[Anonymous No.12292549]

>>12291230
Grin seems like a coin for bitcoiners that missed out on Monero.

[Anonymous No.12292776]

>>12287782

Tfw u see urself in a screen

[Anonymous No.12292987]

>>12284092
which node do you use?

[Anonymous No.12293224]

>>12283043
Better go all in SAFEX.