/XMR/ Monero General

[Anonymous No.25259250]

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized p2p privacy cryptocurrency!

Monero is secure, low-fee, and borderless, 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 (hidden tx amounts) ensure that Monero's blockchain is obfuscated -- the financial history of all Monero users are forever encrypted from the prying eyes of adversaries on a public blockchain, with the proof of the transactions being possible by a Monero user willingly providing a view key for a specific transaction if needed.

Monero has also improved upon the scaling downsides of the current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs goes higher. Further, the mining network algorithm Random X establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of 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 will gradually approach 0.6 XMR in May 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.


WHERE TO GET MONERO?

>KYC:
Binance
Kraken

>Non KYC:
Local Monero
Morphtoken
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
With a solid rig you can conceivably net a good return over the course of several years.


HOW TO STORE MONERO?

>Desktop
Gui/Cli
MyMonero
Exodus
Guarda

>Mobile
IOS: Cakewallet
Android: Monerujo
NOTE: MYMONERO FOR ANDROID IS A SCAM. DO NOT DOWNLOAD ON GOOGLE PLAY.

>Cold Storage
https://archive.is/DEfsP


Official Website
https://web.getmonero.org/

[LebAnon No.25259771]

Based XMR chads
Loving the new OP

[Anonymous No.25260348]

>>25259250
Okay, I have a question. I want to withdraw my XMR to a cake wallet. Should I use a subadress?

[LebAnon No.25260622]

>>25260348
from binance or some other exchange?
yeah I think cake allows you to create accounts for each subaddress so yeah make use of it
I never used it but I've read it's quite similar to the GUI

[Anonymous No.25260669]

>>25260622
>based LebAnon gave me a (You)
Sorry if it's a newfag question, but what's the advantage of using subadresses?

[Anonymous No.25260749]

>>25259250
there is also guarda wallet for mobile btw

[Anonymous No.25260985]

>xmr thread

[Anonymous No.25261015]

>>25260348
I generally use a new subaddress every time I withdraw from an exchange. It gives an extra layer of plausible deniability.
>>25260669
It's impossible to tell if a subaddress is linked to a main address, or other subaddresses. So it's a good way to separate payment types and prevent people from connecting payments.

[Anonymous No.25261189]

>>25260985
WAGMI

[Anonymous No.25262122]

bump

[Anonymous No.25262359]

>XRP Finished
I'm so happy I can't stop smiling bros. Finally crypto can prosper, there's such a bright future ahead of us.

[LebAnon No.25262373]

>>25261015
basically this
>>25261189
loving the gif!

[LebAnon No.25262408]

>>25262359
i see trees of green
red roses too

[Anonymous No.25262446]

>>25262408
I see them bloom,
for me and you

[LebAnon No.25262526]

>>25262446
The world is a fine place and worth the fighting for

[LebAnon No.25263194]

https://twitter.com/NickSzabo4/status/1169655517318242304
Never forget that Nick Szabo put Monero on equal footing as Bitcoin

[Anonymous No.25263594]

>XMR/BTC ratio at an absolute floor
What does it mean?

[Anonymous No.25263861]

>>25263594
It means it's a good time to get in

[LebAnon No.25263986]

>>25263861
yup

[Anonymous No.25264593]

Why doesn't coinbase trade this?

[Anonymous No.25265080]

>>25263594
It means that the risk of your Monero dropping relative to Bitcoin is lower than what it would be if Monero was at, say, 0.01.
>>25264593
1. Coinbase is paid off by zcash
2. There are 'regulatory concerns'...even though Monero is listed on other well known kyc exchanges
3. They are still accumulating.
Non ironically, I think it's mostly a mixture of 1 and 3, especially because the recent FinCen legislation was actually great news for Monero.

[Anonymous No.25265174]

>>25264593
because coinbase is a U.S federal exchange and uncle sam fears monero's anonimity

[Anonymous No.25265202]

>>25265174
Kraken is based in the United States.

[Anonymous No.25265244]

>>25265202
something can be geographically based in the United States and not be run by the feds.

[Anonymous No.25265537]

>>25259250
Just want to say thanks to the anon who recommended CakeWallet yesterday. After syncing for around 30 minutes I was finally able to see my balance. Meanwhile Exodus still doesn’t show anything even after full sync. This is definitely an exodus bug not a Monero bug, sorry for being so rude and sperging in this thread, I’m just a degenerate druggie in need of his fix.

[Anonymous No.25265964]

>>25265537
Out of curiosity, do you know what sort of fees are charged on CakeWallet for exchanging BTC to XMR? I use Exodus for other coins and I know the fees are atrocious.

[Anonymous No.25266149]

>>25265537
All is forgiven anon.

[Anonymous No.25266174]

>>25265537
Were you the 10xmr guy that was convinced it was gone?

[Anonymous No.25266205]

>>25265244
It's likely that Coinbase is more influenced by feds than other crypto exchanges, but my point is that if Coinbase really wanted to they could list Monero and nothing would happen. At a certain point the profit from listing Monero will be greater than not being on the good list from the feds, so my suspicion is that they are building a heavy Monero stack because they know the second they list XMR that Monero's value would grow exponentially overnight.
>>25265537
based, we've all been there

[Anonymous No.25266318]

I'm a burger brainlet that "holds" crypto on Coinbase Pro, but I've been considering getting a big boy wallet and buying Monero.
What's my best path forward? Sign up for Kraken and get a Trezor Model T?

[Anonymous No.25266567]

Why is this shit ever going to moon when nothing has changed? You people have been inciting the same scenarios where there is huge capital flight in XMR for years now. Nothing ever happens. The only way monero could survive exchange delisting is if atomic swaps were functional, which is another dead end I've been hearing about for years. It's also pretty delusional to think that the privacy will never be cracked. It's a never ending game of cat and mouse between 100 or so monero devs and all of the world government. When enough resources are applied, the latter will probably win. Then what

[Anonymous No.25266796]

>>25261189

[Anonymous No.25266933]

>>25265537
That was me and I'm glad everything worked out Anon! Make sure to save just a lil XMR for a rainy day.

>>25266567
https://medium.com/comit-network/monero-bitcoin-atomic-swap-1cab015d7af9
Atomic swaps are demonstrably possible, and monero devs are working on realizing them: https://ccs.getmonero.org/proposals/h4sh3d-atomic-swap-implementation.html#:~:text=Atomic%20swaps%20unleash%20interoperability%20between,protocol%20exposes%20the%20interop%20socket.

Regarding exchanges, if EVERY SINGLE ONE delisted today it would be a problem, but not an insurmountable one. The (dark) market has already spoken, and monero's privacy is highly in demand. If exchanges mostly stopped, the ones that didn't would corner the new money buying monero to transact. If exchanges ALL stopped, other providers would step up to fill the vacuum and get the money begging to be spent. You would need a global, heavily enforced criminalization of all forms of transacting with monero, and even then I'd give it 50/50 odds that the thing survives. Don't underestimate the human appetite for vice or privacy- we'll go to extreme lengths for both.

[Anonymous No.25267013]

>>25266567
>Why is this shit ever going to moon when nothing has changed?
>You people have been inciting the same scenarios where there is huge capital flight in XMR for years now. Nothing ever happens.
A lot has changed anon. Dark net adoption is booming because of easier-to-use wallets (e.g. cakewallet) and Monero had a year of successful, under-the-radar technological updates (CLSAG, Dandelion ++, Random X). Currently, the largest dark net marketplace White House Market is now trading Monero only, which indicates a shift in dark net sentiment towards the faster and cheaper cryptocurrency with improved privacy features and lower fees. And if that's not enough, it is becoming more and more clear that the upcoming regulations will push people towards privacy.
You aren't paying attention.
>he only way monero could survive exchange delisting is if atomic swaps were functional, which is another dead end I've been hearing about for years
It extremely easy to get around delistings and this notion that all of a sudden every government is going to ban Monero is childish. Governments can't ban p2p cryptocurrency. This same kind of FUD was all over Bitcoin in the early days.
And your sentence about atomic swaps makes no sense. The project to build it was fundraised in the fall and they are finishing in 2021.

[Anonymous No.25267032]

>>25266933
good post. to change tone a bit, I did just use XMR on white house market the other day. It's sleek as fuck and I would go all in when my FUD is quelled

[Anonymous No.25267084]

>>25266567
>It's also pretty delusional to think that the privacy will never be cracked. It's a never ending game of cat and mouse between 100 or so monero devs and all of the world government.
What do you mean by cracked? Are you talking about quantum computing? Because on that front, everything would be fucked.
Because otherwise, if you understand how Monero works, there really aren't many ways of tracing it without gathering massive amounts of metadata. You could hypothetically do poisoned output attacks with how Monero currently is, but this is only possible with KYC exchanges (The type of opsec required to avoid this surveillance would only be pretty low, ex: don't send exact amounts, don't send directly off an exchange to a hot wallet, etc). And not to mention that these weaknesses are known and constantly being worked against.
To give you an example, the ring signatures are going to be increasing to ~100 next year for example, and this increase will more-or-less make the anon sets even greater.

[Anonymous No.25267348]

How retarded I am for using these? I like the physical aspect and I only keep 5 XMR per coin

My only concern is fully trusting that the manufacturer does have some backup database. Their website is very legit and theyve been around for a long time now. No different that the casascius bitcoins

[Anonymous No.25267378]

>>25267348
*Doesn't

[Anonymous No.25267484]

>>25267084
Why does it seem like the network is under constant attack whenever I check the subreddit. It's somewhat concerning that monero has such a target on its back

[Anonymous No.25267529]

>>25266567
>t. a salty sailor who didn't buy @ 45USD in January

[Anonymous No.25267744]

>>25267348
I wouldn't trust it, You can get ones where you can put on your own keys, I'd only use one of those.

[Anonymous No.25267747]

>>25267484
They're basically script kiddies and it's not really compromising anything, more an annoyance. I'm interested in what they end up doing for the Levin packet limits though.

[Anonymous No.25267778]

>>25267747
do you think monero will be able to withstand a targeted attack from a nation state's cyber military?

[Anonymous No.25267794]

>>25267778
Do you think ant crypto can?

[Anonymous No.25267898]

>>25267778
Today? No. By the time XMR has gained enough recognition and momentum for them to marshal that kind of attack, my money is on Monero.

[Anonymous No.25267927]

it's so much harder to get xmr

[Anonymous No.25267932]

>>25267794
no, but monero is the obvious target

[Anonymous No.25267987]

>>25267932
Why? If I'm the Feds and I know I can't track xmr, why not spend my OFAC $ on tradable crypto laundering that will make my boss happy.

[Anonymous No.25268044]

>>25267932
>>25267987
Traceable* and it would probably be easier/cheaper to force kyc'd exchanges to hand over fincen information if they actually gave a damn.

[Anonymous No.25268159]

Comfy

[Anonymous No.25268564]

>>25267484
Well the attacks have been ongoing for a few months but we've hit transaction all time highs in that span. I think the community has rallied very strongly and I know a bunch of anons running nodes to help fight the attack.
https://bitinfocharts.com/comparison/monero-transactions.html
The target on Monero's back is a reflection of it's power. Something as strong as p2p cash has the attention of a lot of powerful and influential people.
Consider anon: you weren't even a supporter of Monero but you bought it and used it. What other cryptocurrency can say that? This adoption that is going on right now on the dark net is by a group of people that are buying something for use, many of which don't even speculate on cryptocurrency.
>>25267778
I think what >>25267898 said would be the case.
Nation states right now are studying Monero. Doing anything more would give Monero a serious amount of clout and I believe there are enough Monero supporters to fight off a 51% attack even today, or at least enough to put up a fight that would make this type of attack pointless.
I think it's more logical that in the mean time they are running fud campaigns against Monero. This is a lot cheaper and probably more effective.

[Anonymous No.25268747]

>>25267778
Would be interesting to watch.

In such a case, I imagine other big (state) actors that use XMR to their benefit would try defending the chain.
That said I believe XMR market cap today is way too. State actors might pop up once XMR crosses the $50-150bn range.

[Anonymous No.25268968]

>>25267932
there’s a good reason for it no?

[Anonymous No.25269032]

Monero is just an overpriced fork of Bytecoin that can be tracked, I use 0/x/M/o/n/e/r/o

[Anonymous No.25269124]

>>25269032
Shoo, fag

[Anonymous No.25269163]

Do you think XMR will increase value in 2021?

[Anonymous No.25269214]

>>25269032
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
shut up
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

[Anonymous No.25269277]

>>25269032

[Anonymous No.25269352]

>>25269214
nobody is paying your bribe

[Anonymous No.25269486]

>>25269352
nobody is believing you that i'm asking you for a bribe

[Anonymous No.25269764]

What’s the ETA for atomic swaps to come out?

[Anonymous No.25270611]

>>25269764
EOY 2021

[Anonymous No.25270612]

>>25259250
post her

[Anonymous No.25270635]

>>25259250
>25259250
I have 3.1 XMR.
Debated throwing my measly little 1.15 ETH at it.
Should I do it?

[Anonymous No.25270929]

>>25259250
Considering throwing my 2k stimulus into XMR.

[Anonymous No.25271071]

>>25269032
Shoo shoo, poojeet.

[Anonymous No.25271088]

>>25270929
That would be a good move. You'll double your money, at least.