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23407896 No.23407896 [Reply] [Original]

Shouldn't this be 2# or 3# mcap?

It's the gold standard token for pretty much the only purpose crypto is used for, buying shady shit on the internet or to hide your assets from the popo.

>> No.23407905 [DELETED] 

not once there are quantum computers

haircomb token will dominate

>> No.23407907

>>23407896
It will be

>> No.23407992

>>23407905
lets assume you're right. does monero actually become worthless or is it still mostly private? would the monero devs allow it?

>> No.23408191

>>23407896
That’s pretty much the only thing crypto WONT do in the future. Cash will always rule the underground, but digital currency will be regulated and Monero will not survive. Cool concept, and will always be a part of crypto history.

>> No.23408211

>>23408191
Huh? Paper cash will be regulated out within 15 years (probably 10) for that exact reason (hard to regulate)

>> No.23408653

I sold my XMR for $0xMR

>> No.23408691

>>23408653
"0xmonero" is not a real project.
what actually exists in the project is all plagiarized.
what doesn't exist, the claims, are all vaporware.
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/

>> No.23409791

>>23407896
>the only purpose crypto is used for, buying shady shit on the internet
It's not 2012 anymore

>> No.23409823

>>23407896
>Shouldn't this be 2# or 3# mcap?
No, because most people in crypto just want to make money even if they have to pay half to the jew. Only a too pure for this world minority are interested in improvising, adapting and overcoming the glow niggers.

>> No.23409866

>>23407896
Not number #2. ETH belongs in that spot. LINK #3. XMR #4

>> No.23410041

>>23407896
It should be #1 but it will go back to #3 again so you can expect about a 10x vs every other crypto soon.

>> No.23410558

>>23409791
Name another purpose.

>>23408211
This. Monero is safer than cash because it at least has a chance of surviving regulation. Globalists are itching to ban cash.

>> No.23410585

>>23409866
and PNK number 5

>> No.23411225

>>23407896
Yep. Accumulate while you can anon. Monero slowly grows in adoption every day. That low inflation is a big deal.

>> No.23411318

if monero actually does what it claims then it will be banned from all exchanges and get all the fiat gateways removed making it basically worthless. if it doesn't get banned it means it doesn't actually do what it claims which makes it again worthless

>> No.23411329

>>23409866

OMG is #4 you imbecils.

>> No.23411500

>>23411318
>What are atomic Swaps

>> No.23411606

>>23411500
explain to us how exactly does that help you hide your fiat? all exchanges that let you convert fiat have kyc. Even if someone converts all his fiat to monero the government still knows you have X amount of fiat into crypto and you are still liable

>> No.23411656

>>23411500
>to anon, PanopticonExchange has suspended your account pending investigation. Our security system has flagged bitcoins passing from your exchange account as having been used in an unauthorised atomic swap. Please submit proof of legitimacy documentation to unlock your account. This matter has been referred to local law enforcement partners.
>we apologise for any inconvenience!

>> No.23411945

>>23411606
Atomic swaps allow you to p2p swap bitcoin and monero you retard. And later on it will allow Monero swaps with every cryptocurrency. So now you can move your crypto off of a kyc known wallet and onto the monero blockchain where it disappears.
>>23411656
> as having been used in an unauthorised atomic swap.
impossible. It is a peer to peer swap. It would just look like somebody sending bitcoin to another bitcoin address. There is no way to link it to to the atomic swap. The atomic swap is set so Bitcoins are sent to a bitcoin address and Monero is sent to a monero address with failsafes in line in case one party is trying to steal the bitcoin/monero.
Ironically, what is currently happening is exchanges are flagging bitcoin that are going through known tumblers or that were used in dark net purchases. They can do this because of the transparent ledger Bitcoin has. Do some research on chain analysis and then when you realize privacy on blockchain will be at a premium, you will then be Monero pilled.

>> No.23412063

>>23407896
it's stupid and slow we oracle gang now. read about DIA.

>> No.23412072

>>23410558
>name another purpose
Blockchain technology can be applied in tons of usecases. Cryptocurrencies can be used as "shares" for companies developing blockchain technology. Also the DeFi is a thing.

>> No.23412079

>>23411945
are you honestly this dumb? if you deposited your fiat into a kyc exchange the gov already knows you have that amount of fiat. it doesn't matter where you hide it afterwards, you will still be liable for the nominal value of that fiat. You might as well just dig a hole and hide your fiat in it, you achieve the same thing

>> No.23412308

>>23412079
jesus fucking christ.
yes, on ramps with kyc allow governments to loosely track how much crypto somebody purchases. However, with transparent ledgers, crypto purchases can be DIRECTLY tracked. So the government knows what wallet anon uses for all of their purchases by literally looking at the blockchain and following the transactions.
With Monero, you can't do this. It's plausible deniability. The amount would be washed and suddenly it becomes impossible to follow the funds the second you withdraw Monero from an exchange. You can then make whatever purchases you want and not worry about being tracked or, once atomic swaps come along next year, you can then swap to whatever crypto currency you like with the peace of mind of knowing that the government has no idea how much of that coin you own. The potential use case for this is massive. Consider how many anons on this pajeet board need to wash their uniswap tokens to avoid the tax man. Consider the layman who is worried about becoming divorce raped in the future. Consider adoption from the deep state who want to send funds without being traced. The use cases for Monero are basically everything where Bitcoin fails with privacy.
Bitcoin taint is a big problem and people get funds locked on onramps every day because of it. And the problem will only get worse.
>you will still be liable for the nominal value of that fiat
wrong. If you aren't paying your taxes that is one thing, but the government would have no way of proving how you got your Bitcoin's in the first place if you were to use an atomic swap.
>You might as well just dig a hole and hide your fiat in it, you achieve the same thing
what is inflation

>> No.23412321

>>23412072
>Cryptocurrencies can be used as "shares" for companies developing blockchain technology.
Why do you need a decentralized ledger for that? All crypto use cases where the blockchain is replaceable by a central database are fake and gay.

>> No.23412358

>>23412072
>Blockchain technology can be used [...] for [...] blockchain technology.
>DeFi
Use cases outside of self referential ponzi trading, please.

>> No.23412530

>>23407896
when you're as experienced as i am you can immediately tell the experience levels of others just from a couple of sentences.

drop the shitcoin.
stack sats.
be humble.

>> No.23412534

>>23408191
fags like you have been saying the same shit since bitcoin launched.
>muh gonna get destroyed
>mug gonna get regulated
you dumb ass don't realize that this technology doesn't allow that?
You can tax it but you can't touch it. it's unstoppable unless you shutdown the internet.
you try to predict the future and yet you don't know anything about it.

>> No.23412607
File: 159 KB, 800x600, 11211312.png [View same] [iqdb] [saucenao] [google]
23412607

>>23412308
>hello mr.anon, we detected by your fiat deposits in this exchange that you currently have over 1 million dollars in undeclared wealth which you now owe taxes for
>oh yes mr.IRSman, I actually lost that money in some mysterious unknown place, so I guess now I don't owe you anything
>oh sure anon, no problemo, sorry for bothering you!

imagine being unironically this dumb to actually think this is how it works

>> No.23412616

>>23411318
>if monero actually does what it claims then it will be banned
That's what people said about bitcoin but to be fair bitcoin doesn't do what was claimed.

>> No.23412756

>>23412534
>every first world government makes owning or using Monero punishable by up to 30 years in prison, creates a Monero task force for finding criminals
You gonna risk it?

>> No.23412785

>>23412607
>hello mr.anon, we detected by your fiat deposits in this exchange that you currently have over 1 million dollars in undeclared wealth which you now owe taxes for
explain to me how they would detect this if you moved the money off of an exchange and wash with Monero. How would they prove that the x amount of fiat turned into over 1 million in fiat?
Sure they would see Fiat deposits but you won't be taxed unless you cash out you gigantic retard. If you wash with Monero they lose trace of any of your funds. You then have plausible deniability. Once you cash out at an exchange you pay your taxes on a zero cost basis. Or you keep your wealth in crypto and simply buy everything online.
Kill yourself glownigger.

>> No.23412804

the real question is why it isn't called moonero

>> No.23412865

>>23412785
>Sure they would see Fiat deposits but you won't be taxed unless you cash out you gigantic retard
do you even realize how retarded you sound? if its already in fiat that means its already cashed out dumbass. it means the government already knows you have x amount of fiat and now you have to pay taxes for them. just because you convert that fiat to something else it doesn't change the fact that you still owe taxes for the previously undeclared fiat that the government now knows about because you deposited it in an exchange

>> No.23413015

>>23412865
>if its already in fiat that means its already cashed out dumbass
That's not what I'm saying. learn reading comprehension. The government would know you DEPOSITED FIAT FOR CRYPTOCURRENCY and that is it. You do not owe taxes just because you bought a cryptocurrency with Fiat. For americans, you owe taxes if you sell that cryptocurrency for another cryptocurrency and make a profit, or if you later sell the cryptocurrency you purchased for fiat. If either of those things happen, then yes, you legally have to pay taxes.
OR, you can wash your crypto with Monero and be at a peace of mind that you can now swap to other cryptos without any trace, and then you can later cash out and pay taxes.

>> No.23413026

>>23407896
It's hard to buy it anywhere.

>> No.23413156

>>23413015
so let me get this straight... you can totally hide your assets with monero, but in order to do that you first have to legally declare all your assets worth to the government and pay your taxes? yep, thanks a lot for nothing faggot

>> No.23413203

>>23407896

monero will always do well if it's reasonably liquid

>> No.23413359

>>23413156
No that is not what I am saying at all. Learn how to read.
And second, what fantasy world are you living in where you can cash out millions of dollars and not pay taxes in America? You are beyond stupid if you think you will ever be able to do this.
And if you don’t understand the issues with chain analysis then you simply misinformed. It’s no surprise you ignore all the use cases for Monero and then make this retarded assumption that because you have to pay the tax man that Monero is pointless.

>> No.23413388

>>23407896
XMR is retarded. You can't see what's happening on chain. Nobody even knows, if creators didn't premine it. There even was a bug which let people to mine 2x the block rewards. As much as it has use case, that use case is not approved by law. And because of that XMR will always stay in shadows. Major exchanges will keep banning anonymous coins, and there is nothing that can be done about it.

>> No.23413434

>>23413359
>where you can cash out millions of dollars and not pay taxes in America? You are beyond stupid if you think you will ever be able to do this.

thats exactly the entire point I was making if you actually read my posts. monero will never be able to help you avoid taxes and cash out freely, and if you can't do that then its worthless. basically the only actual usecase monero has is to buy drugs, thats all

>> No.23413773

>>23413388
lol you can verify the supply yourself. this is basic-level fud that's been disproven long ago

>> No.23414007

>>23413434
If the level of adaption is sufficient you won't need to cash out.

>> No.23414105

>>23411606
You buy products that you then sell

>> No.23414486
File: 8 KB, 275x183, index.jpg [View same] [iqdb] [saucenao] [google]
23414486

Just a friendly reminder that we are next after LTC (and possibly and regrettably Bcash) into the take-off queue

>> No.23414580
File: 49 KB, 1280x720, IMG_20200610_201501_976.jpg [View same] [iqdb] [saucenao] [google]
23414580

I prefer 0xMR

>> No.23414724

>>23414580
it's trash
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/

>> No.23414791

>>23414580
Bitconneeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

>> No.23414838

>>23410585
Based.

>> No.23414858

>>23411656
Fucking retard
>>23411945
Based anon, good noggin on you

>> No.23414912

>>23412756
Why? This is some chunk level dystopian shit your imagining. If things are that bad then digital money is not on the forefront of concern.

>> No.23414960

Anyone else bought dip today? I'm assuming it'll catch back up to previous ratio since 0.17.1 bugfix dropped.

>> No.23414978

>>23413388
>There even was a bug which let people to mine 2x the block rewards.
This has a great story.
https://da-data.blogspot.com/2014/08/minting-money-with-monero-and-cpu.html

AFAIC since this guy basically dumped everything as quickly as he could it actually helped to spread the supply across more holders since most people buy on exchanges instead of mining. Maybe the Bytecoin people that intentionally gimped the code in the first place got a few extra XMR and maybe that's fair enough since they were basically the Satoshi of Monero. Their advantage didn't last long though and they would have only got a tiny fraction of Satoshi's stack.

>> No.23415201

>>23414912
The only hypothetically where Monero's usability can be denied entails a completely dystopian world which is lunacy

>> No.23415229

>>23415201
*hypothetical

>> No.23415595

>>23412804
Because monero means money kek