/biz/ - Business & Finance

[Anonymous No.12401587]

>Criminals Grabbed at Least 4.3 Percent of All Monero Coins on the Market
Monero encryption flaw exposed lmao

[Anonymous No.12401623]

>>12401587
its about websites that secretly mine on your PC you fucking retard
and them choosing monero over other cryptos is bullish af

[Anonymous No.12401634]

>>12401623
This. Hackers prefer Monero. Comfy as Ricardo

[Anonymous No.12401673]

>>12401623
>>12401634
>Hackers, criminals and pedos love this coin
>we are gunna make it guys
holy shit guys i dont even know what word to use to describe this level of dumb. good luck guys you are really goin to need it

[Anonymous No.12401749]

>>12401673
nice strawman you massive faggot
the news article simply states that some people hacked websites to secretly mine crypto on visitors' computers. them choosing monero is a clear sign that they trust monero most to be untraceable.
you can pull buzzwords out of your ass all you want, i'm not impressed by baseless accusations.

[Anonymous No.12401756]

How is that an encryption flaw you fucking brainlet its literally just stealth mining

[Anonymous No.12401761]

>>12401673
literally btc in 2011/2012

[Anonymous No.12401806]

>>12401749
ok so how does monero plan to scale? because to me it seems likes you guys already mooned, the chances of mooning again is unlikely. what is the plan to scale and take monero beyond hackers, drug dealers, and pedos? Looks like they are already using it, thats good the coin is being used for its usecase BUT WHATS AFTER THAT YOU FUCKING RETARD? HOW DOES THIS SHIT SCALE? HOW DO YOU PLAN TO GO BACK TO ATH?

[Anonymous No.12401850]

>>12401761
i can say this for 1,xxx other coins. And no its not btc in 2011 because NO ONE FUCKING KNEW ABOUT BTC, now in current time people know monero as a currency for criminals. literally, btc was suspected as that at first which it was and still is BUT THIS SHIT IS MADE TO BE JUST THAT. HOLY SHIT YOU GUYS ARE DUMB

[Anonymous No.12401862]

Wheres the best place to purchase monero without any of it leading back to me personally for tax reasons

[Anonymous No.12401882]

>>12401862
Exactly my point. Monero's use case everyone here it is. Good luck guys again you are going to need it

[Anonymous No.12401884]

>>12401850
>now in current time people know monero

lolwut
most peoples don't even know or understand what btc is let alone other crypto

[Anonymous No.12401903]

>>12401884
yeah youre right it was in top 10 and 5 billion market cap because no one knew about it. thanks for clearin it up. Theres no way people knew about it if it had those two things going for it

[Anonymous No.12402036]

>>12401850
its made to be private. that is literally all. if privacy equals criminality in your mind, then you are simply extremely misanthropic.
the usecases you put forward (muh pedos etc.) speak more about you than the actual coin itself. many people just don't want the system to know absolutely every intricate detail, and you are doing your part of working against that by spewing your 1984-tier "privacy is evil" propaganda.

[Anonymous No.12402083]

>>12401587
This is actually bullish af

[Anonymous No.12402099]

>>12401850
Stop projecting, just because you recently learned about BTC and feel like you missed out. Online criminals absolutely knew about bitcoin in 2011.

[Anonymous No.12402155]

All this recent XMR news is fake news perpetuated by important bag holders

[Anonymous No.12402210]

>>12401761
THIS
>>12401850
>And no its not btc in 2011 because NO ONE FUCKING KNEW ABOUT BTC
Newfag!
>MUH WHAT IS THE SILK ROAD
THIS>>12402099

The problem is these fucks think they know what they are taking about!

[Anonymous No.12402243]

>>12402155
Have to say i agree...Historically XMR is not a performer, definitely shills about. Not that it is a bad product, but it is niche when ppl where doing XMR type stuff with BTC it was the only option!

[Anonymous No.12402258]

>>12402243
>niche when ppl where doing XMR type stuff with BTC when it was the only option

[Anonymous No.12402280]

>>12401749
*verified.

The word you're looking for is verified.

Not trust.

[Anonymous No.12403135]

>>12401587
EXTRA: Criminals control the emission and more than 90% of all issued Fiat in the world!!

[Anonymous No.12403385]

mexican cartels use dollars
the dollar confirmed to be tainted, it's over for united states

[Anonymous No.12403543]

>>12401587

to all the brainlets posting about how the fact that this coin actually works as advertised is a bad thing, you are never going to fucking make it in crypto. jesus fucking christ.

go buy XRP and continue trying to not rock the boat and get rich at the same time, we'll see your bags at zero

[Anonymous No.12404203]

>>12403543
>privacy isn't useful for the rich

[Anonymous No.12404296]

>>12404203

>didn't understand what i was trying to say

[Anonymous No.12404338]

>>12404296
To be fair, I had to read it like three times to figure out what you were trying to say, but I agree with you. I am concerned about an imminent 51% attack though.

[Anonymous No.12404358]

>>12404338

details ?

[Anonymous No.12404372]

>>12404338
>I am concerned about an imminent 51% attack though.
last week nobody gave a fuck about 51% attacks and now everyone is an expert, crypto is so funny.

[Anonymous No.12404380]

>>12401850
He's saying that BTC was used for nefarious purposes early in its life and it's still legal to own and trade. He's not saying this is like buying BTC in 2011.

[Anonymous No.12404394]

>>12404338
Could a 51% attack compromise the privacy protocols?

[Anonymous No.12404398]

>the criminal currency
that's right goys stop buying monero or you're making pedophiles rich. think of the children!

[Anonymous No.12404407]

>>12404358
he saw the same nicehash chart that everyone else has been throwing around without looking into how much of moneros hashrate is actually on nicehash

[Anonymous No.12404424]

>>12401587
>Dero posters were right all along

No wonder Dero threads have been getting raided with hate as of late.

[Anonymous No.12404447]

>>12404358
Hashrate coming from unknown pools is currently sitting at exactly 49%, up from like 20% over the past week or two. It's unlikely that it's all coming from one organized group but still... kind of unsettling.
>>12404372
I've been worried about it for a while. Huge previously ETH-based GPU farms could have taken advantage of Monero's hashrate for a while now if they wanted to. Looks like either that's happening right now or something else is going on. Back of the envelope math on the amount of money it would take to 51% attack Monero would be on the order of 50-100 million USD plus ongoing power costs. A lot of money but also not such an insane amount that it's unbelievable, plus if someone already has the GPU hardware...
Either that or they are new ASICs or FPGAs coming online.
>>12404394
Not specifically the privacy aspects, but someone malicious could cause double spends to scam people or exchanges which would obviously compromise the entire blockchain's reason for existing.
>>12404407
Nah, Nicehash only has like 10 MH available for rent or something like that. Something like 150 MH has come online over the past week.

[Anonymous No.12404479]

>>12404447
>Something like 150 MH has come online over the past week.
why is it so unbelievable that this is happening for non-nefarious reasons? Miners are leaving both eth and etc, gpus are the cheapest they've been in years, and this is the most critical year for monero's emissions yet.

[Anonymous No.12404507]

>>12404447
Wait, Monero isn't 51% vulnerable, is it? I thought they would have patched that out by now. Dero doesn't even sweat that crap anymore.

[Anonymous No.12404519]

>>12404507
neck yourself you fiverr faggot

[Anonymous No.12404521]

This shitcoin can be 51 percented by any technically oriented upper middle class asshole.

Stay far away. Monero is going to zero while grin will one day become the USD of the Internet.

[Anonymous No.12404533]

>>12404479
That's not unbelievable at all, maybe that's what's happening, but it is something to be concerned about. The last time we had anything close to this kind of hashrate distribution was when Cryptonight v6 ASICs were online, possibly all controlled by Bitmain. If they were completely benevolent, they could probably join existing pools to distribute the hashrate more evenly.
>>12404507
Nah you can't just patch out the way the entire blockchain works.

[Anonymous No.12404540]

>>12404507
They tried to 51% attack monero last year and it didn't work. Suddenly everyone is jerking off because it happened to a fork no one ever used or cared about. Gee really makes ya think..

It's the best privacy coin to exist even if it were to get 51'd successfully it changes literally nothing except an exchange gets fucked which happens all the time. Hell kucoin sent me twice as many coins as I owned on a withdrawal once.

[Anonymous No.12404558]

>>12404533
>That's not unbelievable at all, maybe that's what's happening, but it is something to be concerned about. The last time we had anything close to this kind of hashrate distribution was when Cryptonight v6 ASICs were online, possibly all controlled by Bitmain. If they were completely benevolent, they could probably join existing pools to distribute the hashrate more evenly.
I hadn't seen the chart with the pool numbers before, interesting.

[Anonymous No.12404626]

>>12404521

grin tech will be implemented on 2nd layer

bitcoin and monero layer one will never die

[Anonymous No.12404654]

>>12404540
They didn't try to 51% attack it. They could have but they didn't. A 51% attack from someone malicious would be disastrous.

[Anonymous No.12404674]

>>12404447

this is a fake chart from assholes trying to spread FUD

the current network hashrate is 372 MH/s and has been hovering around that rate for months

FUCKING KILL YOURSELF DERO SHITCOINERS

[Anonymous No.12404703]

>>12404674
Check Minexmr out if you want, it's right on their site. Not sure why one of the biggest and best Monero pools would gain anything from making this up.

[Anonymous No.12404708]

here is the ACTUAL feasibility on a 51% attack of monero you dumb cucks

[Anonymous No.12404726]

>>12404703

dude i run a XMR node retard. some random website isn't more accurate than a full node. off yourself

[Anonymous No.12404739]

>>12404708
That's literally the post I was referencing with my quote above (50-100 million USD). I did the math myself anyway and it checks out. It's a lot of money but absolutely not impossible for someone dedicated (state actor, billionaire, etc).

[Anonymous No.12404742]

its to expensive to do 51%

just FUD from premined shitscamcoins

[Anonymous No.12404744]

Monero after the bulletproofs update is golden. Previously, it had a severe drawback in terms of large transaction fees. Now that the fees have been reduced, Monero is literally perfect.

[Anonymous No.12404758]

>>12404726
>minexmr is a random website
Every single estimate from reputable sites is reporting the nethash at about 470MH. You are a clueless newfag.

[Anonymous No.12404767]

>>12404708
All it takes is a pool operator to collect enough hash and decide he wants to pay his miners but also want to keep what’s actually being mined and it’s all ogre.

[Anonymous No.12404787]

>>12404758

do you know how a crypto works? holy fuck man.

[Anonymous No.12404798]

>>12404767

so sell your bitcoins?

hahahaha faggot

[Anonymous No.12404819]

>>12404742

this x10000

[Anonymous No.12404845]

>>12404787
This is /biz/. No one here knows how crypto works.

[Anonymous No.12404860]

>>12404845

it's pretty sad how many people got scammed by biz over the last year and a half lol, i only come here to try to help newfags learn about bitcoin and monero

[Anonymous No.12404882]

>>12404540
>It's the best privacy coin to exist even if it were to get 51'd successfully

What a retard. That's like saying "McDonald's is the best restaurant even if their restaurant burns down and they do nothing to fix it in the future :^)"

[Anonymous No.12404896]

>>12404742
You forgot to post the only chart that matters.

[Anonymous No.12404917]

>>12404787
Yes, as a matter of fact I do know how crypto works. The Nethash is the difficulty divided by the target blocktime. Difficulty is currently reported as 57246215789, and Monero's block target has always been 120 seconds.

57246215789 H / 120 s = 477,051,800 H/s, or 477 MH/s.

Wow, that was tough.

[Anonymous No.12404934]

>>12404896

FUCKING
KILL
YOURSELF
ALREADY

[Anonymous No.12404948]

>>12404917

i just posted a fucking screenshot from my monero full node and it says 372 MH/s

die in a fire

[Anonymous No.12405041]

>in 10 years one xmr will be worth $10,000
imagine being a delusional monerocuck
monero is from yesteryear dumbfucks

[Anonymous No.12405083]

>>12404948
Current blockheight is 1746304 (approx). Your screenshot is from 1800 blocks ago, or about 2.5 days ago. I just synced my node and it reported pic related.

You are a retard.

[Anonymous No.12405084]

>>12405041

if you think monero and bitcoin are "from yesteryear" how do you expect any of this shit to be a store of value long term and hence even be a form of money

god you bizlets are fucking new

[Anonymous No.12405092]

>>12401587

[Anonymous No.12405101]

>>12404934
Calm down!

We're all frens here!

[Anonymous No.12405133]

>>12405083

FUCK I WAS OUT OF SYNC YOU WIN

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.12405184]

>>12405133
kek it's all good fren. But seriously do you believe me about the hashrate now? Look at that spike in two days. Something is up, hopefully we'll be alright.

[Anonymous No.12405229]

HODL

[Anonymous No.12405244]

>>12405041
it'll be more than 10k by then

[Anonymous No.12405247]

>>12405184

yea i do believe you now bro, i was being a brainlet, my thing was synced but for some reason teh hash rate didnt update until i refreshed the node completely.

i think we're fine.. look at the long term hash rate (pic related)

and the feasibility of attacking us :)
>>12404708

[Anonymous No.12405253]

>>12404296
well, you've posted a 2/10 bait

[Anonymous No.12405268]

[Anonymous No.12405284]

We need you /biz/

[Anonymous No.12405309]

>>12404860
Youre doing gods work
>monero orange ID

[Anonymous No.12405347]

>>12405309

:)

here is also a chart of the inflation schedule for bitcoin and monero

[Anonymous No.12405369]

>>12401673
I wonder at the marketshare that a coin that's only used by hackers, criminals and pedos can achieve. Surely in the low billions.

[Anonymous No.12405406]

>>12401634
>I am a leet hacker and thus everyone is a leet hacker. Also please mommy change my diaper. Gotta be prepared for when people want my bags of pedo cone.

Why do you choose to be this retarded, anon?

[Anonymous No.12405413]

>>12404674
I'm a XMR maximalist, but I'm afraid the chart is real, there's a loot of unkown hash rate incoming (not in any pool). But it's just unknown hash (possibly from former ETH/ETC miners), and probably not one single person controlling it.

[Anonymous No.12405418]

>>12405369

monero will be better than offshore bank accounts, what is the market cap on that?

[Anonymous No.12405430]

>>12405413

more hashrate could mean people are realizing monero is the jelly to bitcoins peanut butter :)

[Anonymous No.12405442]

For all the Dero shills: Enjoy your 10% premined centralized scam, which was closed source in the past (legitimacy of the code and network gone forever). If you want to make better than Monero, restart your coin from a new Genesis.

[Anonymous No.12405459]

>>12405430
Exactly. What would be the best option to mine if ETH change from PoW to PoS? XMR, obviously.

[Anonymous No.12405506]

monero threads are the only biz threads where people actually talk about the tech and network instead of fantasizing about parterships for their erc20 tokens

[Anonymous No.12405532]

>>12405506

LOL yes, it's true. Bitcoin and monero don't need to be shilled so threads don't pop up as often as all the scam tokens

[Anonymous No.12405563]

>>12405092

can i see a single person post a screencap with timestamp of their ZCASH node in this thread?

DOUBTFUL

[Anonymous No.12405584]

[Anonymous No.12405598]

>>12405563
cope with this $zec bounce faggot

[Anonymous No.12405614]

>>12405092
>>12405563
>>12405598
>"encryption"
>trusted setup
>10% dev fee

[Anonymous No.12405624]

>>12405598

>i'm the one coping

nobody wants zcash dude sell out

[Anonymous No.12405642]

>>12401806
Tax evasion. Its a trillion dollar market.

[Anonymous No.12405654]

>>12401862
binance with a non-registered account

[Anonymous No.12405667]

>>12405624
look at the xmr chart right now
then look at zec
then cope some more

[Anonymous No.12405672]

>b-bitcoin is not p-private use my no liquidity shitcoin instead

[Anonymous No.12405688]

>>12405667

ok.
lol.

[Anonymous No.12405695]

>>12405667
Up a whopping 3 point something % on the day in sats. Wow, stop the presses.

[Anonymous No.12405700]

>>12405667

kek.

[Anonymous No.12405701]

>>12404507
All things that aren't Bitcoin are either 51% eable or doing tard crypto (non PoW)

[Anonymous No.12405719]

>>12404744
its still only around 1 TPS after the update

[Anonymous No.12405722]

>>12405701
Wrong. Dero is completely 51% immune thanks to its BlockDAG infrastructure. Just because Monero devs aren't smart enough to figure out how it works doesn't mean that it doesn't exist.

[Anonymous No.12405727]

>>12405701

the question is, how feasible is the 51% attack? i would say monero is the most difficult all things considered compared to bitcoin

[Anonymous No.12405735]

>>12405722

KILL YOURSELF DERO SHILLS
EXIT OUR THREAD
LEAVE OUR THREAD
OFF YOURSELF YOU FUCKING SHILLS

[Anonymous No.12405795]

>>12405722

so you have a centralized shitcoin with super low market cap nobody cares about that you are shilling. cool dude. you missed 2017 bro. dump ur bags before ur discord whale dumps on you first KEKKKKKKKKKKKK

[Anonymous No.12405812]

>>12405719

base layer speed isn't super important, it's about security, immutability, and strict monetary policy.

[Anonymous No.12405859]

Join the community

[Anonymous No.12405936]

>>12405719
4.

[Anonymous No.12405977]

[Anonymous No.12405999]

>>12405977

[Anonymous No.12406118]

>>12401673
this sentiment is literally BTC 4 years ago, when you didn't buy then as well.
stay fucking poor.

[Anonymous No.12406181]

>>12405735
hey buddy calm down, it is bait.

[Anonymous No.12406233]

>>12405695
uh its up 7% on binance.

xmr is still breaking down, as it should be

[Anonymous No.12406786]

>>12401850
rolmao, no one knows what monero is on the streets. Try leaving mom's basement once in a while brainlet

[Anonymous No.12407100]

>>12404447
Sorry, been testing my FPGA farm. Peaks are around 110 MH/s.

Also, there might only be 10 MH/s on Nicehash immediately, but if you create a higher priced bid then miners will auto-switch over if they use NHM or other profit-switching mining software.

[Anonymous No.12407354]

>>12407100

nobody is buying your dero dude