/XMR/ Monero General

[Anonymous No.26224582]

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 is 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.

If you still have questions, feel free to ask and a Monero Chad will be with you shortly.


OFFICIAL WEBSITE - https://web.getmonero.org


WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

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

>Mining
https://archive.is/TWOah


HOW TO STORE MONERO?

>Desktop
Gui/Cli (recommended)
MyMonero
Exodus
Feather

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

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

[Anonymous No.26224710]

Is this breakout (shouldn't be called that but we've been crabbing for awhile now) to $160 a fluke? Or are we back to going on the uptrend?

[Anonymous No.26224748]

>>26224582
If you want to be a real general you bros gotta link the previous general and number each one. Plus a pastebin archive for the old breads etc.

That said this is my comfiest long term hold

[Anonymous No.26224864]

>>26224748
>If you want to be a real general you bros gotta link the previous general and number each one. Plus a pastebin archive for the old breads etc.

Thats actually a pretty good idea.

[Anonymous No.26225056]

>>26224710

If Monero has truly decoupled then its anybody's guess.

[Anonymous No.26225068]

>>26224748
The problem with linking the generals is we are actually at a character limit in the OP. It also requires the OP to do extra work instead of throwing up the general. We are also not hitting the thread limit each time, so it’s probably too early for that. Maybe in a few months.
And I’m against numbering the threads. That’s too autistic.

[Anonymous No.26225382]

Monero seems to have become a good predictor of BTC crashes, every time it tries to pump BTC takes a spraying shit

Is this in some way related or just bogs bogging

[Anonymous No.26225736]

the king

[Anonymous No.26225860]

>>26225736
Why is cash digital and private? It can be one or the other, but surely it can't be both at the same time?

[Anonymous No.26226053]

>>26225068
Maybe I’ll re-write this General copypasta to have enough for “Previous thread: >>XXXXXXX”

(OP of the last one)

[Anonymous No.26226203]

>>26225860
Why not? Not that guy, just curious

[Anonymous No.26226277]

>>26226053
LAST THREAD: >>XXXXXXXXX

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 is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a Monero user willingly providing a view key for a specific transaction.

Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs increases. Further, the mining network algorithm RandomX 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.

If you still have questions, feel free to ask and a MoneroChad will be with you shortly.


OFFICIAL WEBSITE - https://web.getmonero.org

WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

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

>Mining
https://archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Gui/Cli (recommended)
MyMonero
Exodus
Feather

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

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

[Anonymous No.26226375]

>>26224710
>Is this breakout to $160 a fluke? Or are we back to going on the uptrend?
When the beating of your heart
Echoes the pumping of the chart
There is a bull about to start
When tomorrow comes!

We will see. I feel Monero has a lot of smart and volatile Money, hence the past bleeding against BTC. Now supply and demand gets less and less elastic with regard to BTC.

Professional pumpers are staying away because they don't know what they are up against. With normal coins, they analyze all wallets, check the condition and location of the whales and the normal plebs, and then plan their moves accordingly. They can see how many coins are at each exchange and when coins are being sent there.
None of this is possible with XMR markets. Our waters are so dark and murky that they wouldn't know if there was a Leviathan lurking just centimeters away from them once they start their pumping and dumping schemes.

[Anonymous No.26226380]

>>26226053
We can probably just cut the mymonero mobile wallet being a scam on android. Morons are going to get phished regardless of us putting that warning on there.
There may also be some cuts to the first few paragraphs, though I think it does a good job of summarizing moneros technology.

[Anonymous No.26226444]

>>26226277
Oh checked and nice work anon. Didn’t know it could fit.

[Anonymous No.26226521]

>>26226380
>We can probably just cut the mymonero mobile wallet being a scam on android. Morons are going to get phished regardless of us putting that warning on there.
This.
By now it should be Google's responsibility. They have gotten so many warnings not to permit this app. Is it still there? I think it already got taken down a few times.

[Anonymous No.26226548]

>>26226203
Paying in hard cash is private, but it's not digital for obvious reasons. And if you want to pay someone digitally, you typically have to do it via bank transfer, card or some other method that is linked to an account that can identify you (therefore it isn't private). You can't satisfy both criteria at the same time with cash.

[Anonymous No.26226573]

ok i know the positives associated with monero, but what are the NEGATIVES or potential negatives? every coin has cons if it has pros

[Anonymous No.26226686]

>>26226573
downside:
normies will seethe when they find out we got rich from fugazi internet bytes

[Anonymous No.26226770]

>>26226686
>normies will seethe
i said downside

[Anonymous No.26226782]

>>26224864
>>26225068
however shit you think the coin may be, XSG is an example of a very successful general, theyre up to 500+ now kek. no shame in pinching the best parts of their OP and adapting it

[Anonymous No.26226949]

>>26226573
It's the preferred currency for cyber criminals and black market purchases, so governments and financial institutions may try to either stop people from cashing out or blacklist you if they find out you've been dealing in Monero.

[Anonymous No.26227155]

im going to fucking buy monero, if its the last fucking thing i do.
im the egyptian anon from last thread, thanks for all the advice bros, ill do more due diligence and hopefully take the monero pill soon

[Anonymous No.26227338]

>>26227155
Based, wishing you luck!

[Anonymous No.26227533]

It’s somewhat demoralizing watching the shittiest of scam coins mooning left and right while this stays still.

I feel like selling but then it would immediately moon so I will just sit on it just like I have done with btc since 2015

[Anonymous No.26227673]

>>26227533
It's decoupled that's why

[Anonymous No.26227852]

>>26227533
>I will just sit on it just like I have done with btc since 2015
This one knows

[Anonymous No.26227955]

>>26226573
Potential downsides for me would primarily be the fact that normies would be afraid of buying XMR. Regardless of whether any talk about banning it has merit, they'll assume by default that it is, and that Monero is at risk of losing value. This makes it rather hard for XMR to encourage any FOMO.

[Anonymous No.26227993]

>>26227533
if you take a look at projects in the top 200 you'll see that the majority of them have crickets in their githubs.

A very smart anon in the previous thread said right now it's speculation market time and the actual crypto market is in a correction (somethin to that effect anyway). I agree with his take because a lot of shit I'm following that has decent fundamentals is right now circling the drain in satoshi value. For me that seems like a positive thing, but I've been dead wrong before

[Anonymous No.26228002]

>>26225860
Can you see transactions in my PayPal account? It's "private" in that sense.

[Anonymous No.26228173]

>>26226770
When normies seethe they try to legislate against you. THAT’S the downside

[Anonymous No.26228230]

>>26225382
>Is this in some way related or just bogs bogging
could be government market manipulation teams trying to keep a lid on the price of XMR to scare speculators away.
XMR tends to shit when BTC shits, but not pump when BTC pumps

[Anonymous No.26228367]

>>26228230
i saw todays moneros rally live on binances order book
the amount of sell walls that it had to break down on a literall moon rocket was perplexing, why would people want to stop a pump of an asset they own? i leave the answer as homework

[Anonymous No.26228453]

>>26228367
Because they wanna cash out? Also a lot of whales still left with 10000's of XMR

[Anonymous No.26228514]

>>26228453
it was literally the only coin on the green and they just put them there as monero tried to climb

[Anonymous No.26228925]

>Chamath Palihapitiya - Privacy is the killer feature (that Bitcoin is missing)
https://www.youtube.com/watch?v=iilzD82hAFg

[Anonymous No.26229438]

guys these bags are getting too heavy I can't hold on much longer......

[Anonymous No.26229526]

Wouldn't it be smarter to sell all my Monero for a coin that actually pumps and buy back even more Monero once i x2-x5??

This coin is too stable and all you will just watch the bull runs go by if you stay here.

[Anonymous No.26229528]

>>26229438
If it makes you feel better just stare at the BTC charts and pretend you bought in 2013. It looks like we've re-correlated (if we even lost correlation) so it's the same thing.

[Anonymous No.26229551]

>>26229438
you're not married to your crypto, sell it if you want too

[Anonymous No.26229574]

>>26229438

>Delayed gratification, or deferred gratification, describes the process that the subject undergoes when the subject resists the temptation of an immediate reward in preference for a later reward. Generally, delayed gratification is associated with resisting a smaller but more immediate reward in order to receive a larger or more enduring reward later.[1] A growing body of literature has linked the ability to delay gratification to a host of other positive outcomes, including academic success, physical health, psychological health, and social competence.

https://en.wikipedia.org/wiki/Delayed_gratification

[Anonymous No.26229677]

>>26229526
sounds like a solid plan
go for it anon, sell your bags

[Anonymous No.26229719]

>>26225860
I believe its taking into account physical cash being private, while also having the option of being digital $s

[Anonymous No.26229820]

>>26229526
>Wouldn't it be smarter to sell all my Monero for a coin that actually pumps and buy back even more Monero once i x2-x5??

If you already have a make it stack, you'll be best served by just sitting on it until 5 figures. Otherwise, do what you gotta to accumulate.

[Anonymous No.26229851]

>>26227533
Maybe actually start using it

[Anonymous No.26229887]

>>26229677
>>26229820

I'll be back.
Im going to ride btc to $100k and then i'll return here to buy xmr at $170.

[Anonymous No.26230222]

>>26226573
Monero requires a moderate degree of tech literacy that will scare away a lot of people.

[Anonymous No.26230379]

>>26230222
Checked

But so did BTC until just a few years ago

[Anonymous No.26230597]

>>26230222
gui wallet holds your hand like a mw2 campaign map, any average white guy can do this

[Anonymous No.26230725]

>>26228514
If there was any real demand it would have broken through. Low pressure upwards means you can't cash out without it crashing either.

[Anonymous No.26230789]

>>26229526
Perhaps but XMR is unpredictable

[Anonymous No.26230824]

>>26230597
and i use 'average white guy' as a metric because they're the main demographic in the west in vidya and consooming.

[Anonymous No.26230886]

>>26224582
if you make a coin truly private you can1T audit the supply and then it's worth $0

[Anonymous No.26230964]

>>26227533
Consider the fact that Monero has probably some of the most viable usage as currency for big (clandestine or otherwise) purchases and the fact that Monero is generally less volatile than shitcoins starts to make some sense. In a scenario where a buyer and seller agree to terms on a deal (let's say a purchase of goods that cost $5M. to be paid in XMR) there is significant incentive for the buyer and the seller, especially the seller, to place enough XMR sell orders on an exchange to ensure the price remains stable until the goods have changed hands and the seller has cashed out to BTC/fiat.

I suspect that this kind of price fixing occurs regularly with Monero because it's one of the only cryptocurrencies that is actually being used as intended. Eventually retail interest should catch up to this kind of market manipulation.

>>26230886
brb mining my free monteros

[Anonymous No.26231067]

>>26225382
um... youre almost right. the correlation is there but your causation is off. Money flows into monero prior to a btc dump, smart, big money going to a private coin to weather out a btc dip. it's actually a really good indicator for btc movement

[Anonymous No.26231125]

>>26230886
>if you make a coin truly private you can1T audit the supply and then it's worth $0

You can verify the integrity of the supply by:

- Summing up all the coinbase outputs, which are unmasked (i.e. in the clear).
- Verifying the underlying cryptography (mathematics) of the confidential amounts implementation.
- Verifying the correctness of the implementation in the code.

Those essentially guarantee that the supply has not been maliciously inflated (i.e. unintended inflation has occurred). Note that a similar procedure has to be followed for transparent chains. Furthermore, a hypothetical inflation bug can go unnoticed even on a transparent chain.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

[Anonymous No.26231245]

This scam wick action makes me think the bullish momentum for XMR is appearing quickly

[Anonymous No.26232064]

Looking good gentlemen. Heads up face forward, exciting times ahead!

[Anonymous No.26233155]

[Anonymous No.26233372]