/XMR/ Monero General

[Anonymous No.28448482]

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.

XMR Redpill: https://youtu.be/aC9Uu5BUxII

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

[Anonymous No.28449511]

Is there any point to having multiple wallets? Right now running a full node and using CLI wallet. Also got cake wallet downloaded but haven’t really needed to use that yet.

[Anonymous No.28449532]

>>28448482
when bros

[Anonymous No.28450314]

>>28449511
if it helps you sleep at night, sure why not
it's like having multiple bank accs
I might eventually make different paper wallets, but im still very comfy with coinomi on my phone, pin + passphrase

[Anonymous No.28450412]

>>28449511
I'm paranoid so I have 3 wallets.

1 wallet which I use to check out my coins into from exchange.

Then I transfer that entire amount from wallet #1 to wallet #2 (exchanges know to which wallet they send what amount to, so due to KYC so does government).

Then If I buy something (wink) I transfer the amount I want to buy something with from wallet #2 to wallet #3 and then send it from wallet #3 to seller/merchant.

[Anonymous No.28450969]

some paranoia can be healthy but you're increasing the risk of user error by sending to the wrong address. unless you're paranoid about ring signatures you can just repeatedly send funds to your own wallet, which has the added benefit of increasing your available funds after a spend.

beyond that, a cold or hardware wallet and a hot/mobile wallet for everyday transactions seems like the sweet spot to me. people don't really store cash anywhere other than their wallet and their bank right?

[Anonymous No.28451022]

>>28448482
only pedos use this stagnant shitcoin

[Anonymous No.28451173]

comfy coin

[Anonymous No.28451642]

Imagine wearing a clear plastic wallet around your neck like a btctard (or insert literally any other crypto here) with your entire transaction history and wallet value for all the world to see. Monero is awesome.

[Anonymous No.28452180]

>>28450412
So wallet 1 is the exchange wallet right? I don’t like then I send xmr to my personal wallet that they now know my wallet address. Probably doesn’t really matter though. Either way they can’t see anything else

[Anonymous No.28452228]

>>28451022
Yes. And the fact that's possible without them being arrested is great marketing for xmr.

[Anonymous No.28452405]

>>28450969
What's digital about papermoney?

[Anonymous No.28452607]

>>28451642
I agree but also it could be a subtle flex too. Buy a coffee and now the qt barista knows you are ballin without needing to overtly flaunt it.

[Anonymous No.28452808]

>>28452607
But so does your black skinned weed guy. You're not going to survive for more than a week in the US if everyone could see your net worth openly at all times.

[Anonymous No.28452956]

>>28448482
Store of value is an already fully realized use case for scarce crypto assets. Bitcoin is obviously the best example of this, with the market cap quickly approaching $1,000,000,000,000. Bitcoin exhibits all the properties of sound money, except one -fungibility. Fungibility means that each unit of money is absolutely interchangeable with one another. Bitcoin can not be considered fungible as each unit of it has a transparent history on the blockchain 'attached' to it. Who cares right? Well, with data analytics companies racing to meaningfully map the bitcoin blockchain, you'll be likely to see more headlines like this in the future:

https://bitcoinexchangeguide.com/iranian-bitcoin-trader-receiving-us-sanctions-affirms-innocence-in-wrongful-address-blacklisting/

You could be holding tainted bitcoin right now. By no fault of your own you could be linked to proceeds of crime, or perhaps a problematic political group.

Due to Monero's default privacy, it does not suffer from the same unit inequivalence. Monero is absolutely fungible, the missing piece of the Bitcoin puzzle. Further, Monero improves on many more of the monetary properties of Bitcoin, such as supply consistency (https://monero.supply/)) and divisibility (10^-8 vs 10^ -12).

As Dr. Daniel Kim said, "Cryptocurrencies are a genuine innovation, of which there are not that many that happen in one's lifetime". Support a project that aims to preserve individual liberty and sovereignty in a world where it is constantly being diminished.

"Privacy is the killer feature of the 2020's" -Chamath Palihapitiya

Fundamentals always win out on a long enough time scale.

[Anonymous No.28453070]

>>28449511
based CLI chad
>>28450412
It's overdoing it if you are concerned about increasing your anonymity, however having multiple wallets is not a bad idea.
>>28452180
your wallet address gives them no information about how much Monero you have, though.
You can always use sub addresses for each withdrawal if you are concerned that a KYC exchange may be keeping tabs on you, as there is no way that different sub addresses can be linked to eachother.

[Anonymous No.28453636]

>>28453070
So the exchanges might know my wallet address but they can’t see any of my transactions, right? What’s the worst that could happen, you have to prove your innocence as the government forcibly demands to show your transactions? In that case I see a benefit of having a second wallet because then you could say, “see I spent it all” or “I sent it to another wallet and lost the keys”. Then again you could always say you lost the keys to the first wallet.

Sub address are different addresses that are essentially linked to the same wallet?

[Anonymous No.28454569]

>>28453070
>>28453636
I am a libertarian that is against taxation from a philosophical perspective so I don't want any wallet tied to my identity, period.

But yes Monero has a kind of mixer built into it already. However if you send 50 XMR from the exchange to your wallet and it becomes $10,000 per XMR the government is going to ask questions because the KYC knows you put 50 XMR into a wallet once.

[Lishka !Lea.KUM092 No.28454595]

desu I think /xmrgen/ should move from /biz/ to /g/
Monero isn't about making profits, it just doesn't fit in this hellhole full of greedy people

[Anonymous No.28454698]

>>28453636
Yep. They could argue they can compel you to provide transaction from the wallet you used for KYC under the "foregone conclusion" exception.

Proving you own the other wallets would be more difficult, so it would be harder to legally compel you to produce transactions for them if you claimed you didn't know the passwords.

[Anonymous No.28454860]

>>28454569
send your funds from that wallet to another gui wallet. do you know how easy it is to lose a wallet anyway? they can't do anything about it.

[Anonymous No.28455149]

>>28454595
I'm an oldfag enough to know when /biz/ split off from /g/ because it became dominated by BTC price speculation.

I don't think they'll really appreciate it, but I get where you're coming from.

[Anonymous No.28455182]

>>28448482
Is this a stable coin?
I get free power at my work, tempted to ape in a basic mining rig - do I need better than a 2080 super?

[Anonymous No.28455278]

>>28454569
You can say someone sent you monero as a gift?
Gifts are tax free where I live.

[Anonymous No.28455280]

>>28455182
Can only mine with CPU. GPUs and ASICs have been essentially blocked from mining.

[Anonymous No.28455427]

>>28448482
poorfag here, will Monero dip any time soon?
I have 7 days left until my paycheck

[Anonymous No.28455482]

>>28453636
>So the exchanges might know my wallet address but they can’t see any of my transactions, right?
yes
>Sub address are different addresses that are essentially linked to the same wallet?
yes. They start with an 8.
>>28454569
>so I don't want any wallet tied to my identity, period.
then get monero without providing KYC.
The feds will only come knocking if you cash out and don't pay taxes.
>and it becomes $10,000 per XMR the government is going to ask questions because the KYC knows you put 50 XMR into a wallet once.
they have no way of knowing what ended up happening to the 50 XMR though.
For all they know, you blew it all gambling.
>>28454595
crypto talk isn't allowed on there.
we have support from /g/ for sure. I lurk there myself.
But agreed with your statement. We really emphasize running a node and mining if you can.

[Anonymous No.28455488]

>>28455278
The exchange account is tied to your ID due to KYC so you bought the XMR and the exchange sees which wallet you send what amount to.

This is why I send it to another wallet. Monero encrypts this data so no one can see it. The only reason the exchange knows it the first time is because they are sending it the first time so they know the account and the amount they did send.

[Anonymous No.28455532]

STOP PUMPING MY CRABCOIN I DIDNT BUY ENOUGH YET

[Anonymous No.28455564]

https://youtu.be/35q4QihBUoA

thank u based monero king

[Anonymous No.28455671]

>>28455532
This crab ain't playing games
>>28455427
dollar cost average

[Anonymous No.28455813]

>>28455671
>dollar cost average
gayest fud, maybe xmr will go down to $1 when btc crashes and link costs the same as a coffee cup

[Anonymous No.28455904]

>>28455488
This logic makes no sense though. The feds have no way of knowing what happens to your Monero once you yeet it off of an exchange. It's like withdrawing cash from an ATM. The would know you sent Monero to an address at a certain time, but that's it. Sending it to another Monero wallet doesn't change anything else here.
>>28455564
KEK holy fuck

[Anonymous No.28455952]

>sell monero for a quick profit
>it instantly fucking pumps
when will this shit dip again

[Anonymous No.28455955]

>>28455427
It's a long term grower you can just put a little bit into it over the next 5 years and you'll make a profit over the long-term because it's actually used as money on the dark web and other places.

It's basically the real bitcoin but no one realized it yet.

[Anonymous No.28455959]

>>28455813
> 1$
you are next level delusional.

[Anonymous No.28455986]

>>28454698
Or if you transfer from your known wallet to a secret wallet with random amounts at random intervals, that you even own a second wallet.

[Anonymous No.28456304]

>>28455904
The argument would be that if a KYC exchange sends funds to address xyz for you, feds could argue it's a foregone conclusion you own crypto at that address and (successfully) demand you produce the keys to unlock the wallet. Transferring to a second wallet with proper opsec (plausible amounts, times, frequency, unique subaddresses) would allow you to produce the transaction history of your entry wallet and plausibly claim you got rid of your crypto.

[Anonymous No.28456437]

>>28448482
we literally just punched those shorts in their balls KEK
https://datamish.com/xmrusd/24h

[Anonymous No.28456458]

>>28456304
or destroy the first wallet and forget about it

[Anonymous No.28456558]

>>28450412

>not using 5 wallets at bare minimum

Bro do you want to be tracked?

[Anonymous No.28456676]

>>28455813
It's more probable that it goes to $100.000 than to $1.

[Anonymous No.28456986]

>>28456458
Also an option but lower courts have been fucking atrocious and SCOTUS has been cucks.

[Anonymous No.28457045]

>>28456304
If this is a concern for you, then you can just create subaddresses each time you withdraw. That plausible deniability would already guarantee what you would do with the unnecessary second/third/fourth wallet transfer.
But this type of nightmare scenario is highly implausible and really only necessary with very high threat levels to be honest with you. Transaction fees are so low right that you can mix stuff around if you really want to, but I think you are confusing noobies lurking this thread who think that this is necessary, when really it's a waste of time outside of the highest of threat levels (e.g., ones where you should probably be more concerned about a $5 wrench attack).

[Anonymous No.28457070]

Well its pumped above $200. do I sell now? there's no volume anymore.

[Anonymous No.28457158]

>>28457070
Sell. It will pump to $1000 right after.

[Anonymous No.28457243]

>>28457070
Yes, sell me your bags

[Anonymous No.28457269]

>>28457045
Fuck the noobies in the thread. I'm still accumulating.

[Anonymous No.28457473]

>>28456437
Kek can’t afford to get too complacent with the most fudded coin in the game

[Anonymous No.28457529]

>>28457045
oh and to add to this, IF you are concerned about the government knowing you have monero, then buy without KYC!

[Anonymous No.28457595]

>>28457529
Not an option for everyone.

[Anonymous No.28457731]

alright bros, am i gonna a knock from uncle sam from pulling 40-50 xmr into a gui from kraken?

[Anonymous No.28457956]

>>28457595
how so? Bisq or Morphtoken are available without KYC.

[Anonymous No.28457961]

>>28457731
Only if you don't transfer it immediately to a 2nd wallet by paying a 5 cent transaction fee.

[Anonymous No.28458048]

>>28448482
>tfw I wasted all my money in shitcoins when I just could have had it all with monero-chan ;(

[Anonymous No.28458194]

>>28457956
You can't use fiat on those exchanges

[Anonymous No.28458400]

>>28448482
guys Feather is a great wallet. highly recommend if you want a light wallet. gives me nostalgia from back when I actually used bitcoin/electurm

[Anonymous No.28458570]

>>28457731
Nothing will happen, it really isn’t what Reddit would have you believe. If you purchase 100,000 xmr then maybe someone will take interest

[Anonymous No.28458646]

I now realize newfags don't realize that bitcoin actually used to be used a lot to buy shit online between 2010-2015. Most people never experienced that time so they can't compare it with Monero right now.

That might explain why everyone is so dismissive of XMR's usage on the dark web and its low transaction costs.

[Anonymous No.28458818]

>>28458194
No, you need Bitcoin first obviously.
Again, you do whatever makes you feel comfortable, but feds don't give a fuck unless you are evading taxes in minecraft.
>>28458646
great point.
I'd also add that newfags haven't figured out the technical issues with Bitcoin, especially with regards to privacy as well as transaction fees.

[Anonymous No.28458889]

>>28458646
It's better then bitcoin.

I would go all in if I had the money. It's Bitcoin 2.0

[Anonymous No.28458898]

>>28455952
they expect one of us in the wreckage, brother

[Anonymous No.28459070]

>>28458898
lol

[Anonymous No.28459353]

Is he right about us?

>>>/pol/307689036
>>>/pol/307687685
>>>/pol/307686684

[Anonymous No.28459580]

Where is the anon that sold the bottom? Lol

[Anonymous No.28459782]

>>28457956
You never know who you’re buying from on bisq... could be the man himself

[Anonymous No.28459847]

>>28459580
$rope store

[Anonymous No.28459913]

>>28459580
Some rat guy on Reddit

[Anonymous No.28460017]

>>28452405
>

[Anonymous No.28460533]

just pumped 1.500 lol

[Anonymous No.28460679]

>>28460533
At this price point it doesn't even matter when you buy. High or low. Monero is still cheap.

[Anonymous No.28460815]

>>28460679
yeah, i've been following monero since 2015 and at 30$ last year i realized this, too late but have been still making gains

[Anonymous No.28460943]

Anyone else providing liquidity on incognito? It’s the only place I found to yield farm XMR, but I don’t know if I should trust them.

[Anonymous No.28461082]

>>28460017
>private

[Anonymous No.28461300]

Wow I just saw the good news. A unknown amount of congratulations is in order!

[Anonymous No.28461313]

>>28456304
doesnt make sense. I always send people crypto straight from my exchange account. If you withdraw to an address doesnt mean you own it.

[Anonymous No.28461362]

>>28455952
>>28457070
swingies get the rope

[LebAnon No.28461428]

>>28455564
THANK YOU BASED MONERO KING

[Anonymous No.28461440]

>>28455952
You don’t sell monero retard. You buy the dips and sell other shitcoins into monero. Still time to accumulate btw.

[Anonymous No.28461593]

OOOOOOOOOOOOOOOOOOOOOOOO

[Anonymous No.28461653]

can someone explain to me how this coin can possibly be the future currency when it takes 20 mins to fully confirm and become spendable??? what the fuck

[Anonymous No.28462077]

200 HAS NEVER FELT SO GOOD LET'S FUCKING GOOOOOOOOO

[Anonymous No.28462157]

>>28462077
we are all going to make it

[Anonymous No.28462348]

>>28461653
Why do you need the <20 minute money to be spendable again so soon? Can't you use other xmr you have in the same wallet?

xmr has low fees and is fungible. Those are great reasons to use it for the future currency.

[Anonymous No.28462577]

>>28462077
WOHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

IT'S SUCH A BEAUTIFUL FUCKING DAY

[Anonymous No.28462653]

Very few people care about privacy

Hidden inflation bug likely if it hasnt occured already. pow coins are prone to infla tion bugs, bitcoin had 3 already

That said i appreciate that xmr is truly private but i think its a bad investment when big money is going into defi. even doge will outgain xmr. Remember tech doesnt matter nowadays this is the meme market. If tech mattered bch would be worth more thab slow, high fee btc.

[Anonymous No.28462825]

>>28462653
Wrong on both accounts, people care about privacy:
https://cointelegraph.com/news/privacy-in-blockchain-and-crypto-is-a-major-concern-for-users-study-reveals

Inflation bug can be checked for:
https://monero.stackexchange.com/questions/11548/how-does-monero-protect-users-from-inflation-bugs-if-the-blockchain-cant-be-aud
>The daemon command print_coinbase_tx_sum is useful for auditing the supply (sum of all coinbase transactions).

[Anonymous No.28463173]

>>28462825
What you posted about inflation bug simply isnt true

[Anonymous No.28463406]

>>28463173
care to explain? Did you check the link?

[Anonymous No.28463483]

>>28448482
i really really really want monero-chan to peg me

[Anonymous No.28463642]

>>28463483
we call that a dump

[Anonymous No.28463727]

>>28452607
>>28462653
>Hidden inflation bug likely if it hasnt occured already. pow coins are prone to infla tion bugs, bitcoin had 3 already
https://web.getmonero.org/2020/01/17/auditability.html

[Anonymous No.28463825]

>>28448482
I really, really, really like this coin

[Anonymous No.28463923]

>>28462653
>pow coins are prone to infla tion bugs
all crypto is prone to bugs. just like anything technology related, you have to put your trust into it.
as you have said, Bitcoin has had several bugs. Well, how is Bitcoin doing these days?
>If tech mattered bch would be worth more thab slow, high fee btc.
Bitcoin cash is not different enough from Bitcoin to really move people over. You underrate built in privacy.

[Anonymous No.28464055]

THE CRAB KING SURFACES

SNIBBEDY
N
A
B

:DDDDDDDDDD

[Anonymous No.28464096]

CRAAAABPEOPLECRAAAABPEOPLE

[Anonymous No.28464097]

>>28462348
>Why do you need the <20 minute money to be spendable again so soon?
did you just ask me why i need to spend my own money as soon as possible? what the actual fuck
>Can't you use other xmr you have in the same wallet?
no are you going to expect everyone to have "other xmr" laying around for the first time

[Anonymous No.28464328]

>>28448482
hello i am a fucking brainlet, i get how monero has an obefuscated ledger where you can transmit the transactions but can't tell what the amounts and whatnot are but how can the person recieving the xmr be sure they've recieve that amount of money AND how can those people trust em

[Anonymous No.28464345]

>it just keeps going up

[Anonymous No.28464407]

>>28452405
i mean i think it's more there to represent fiat money which is digital and private to some extent

[Anonymous No.28464581]

Which of you butterfingered fags was it

[Anonymous No.28464666]

I get a bazooka worth of money two weeks from now, will it still be under 300 by then?

I want to be in the 100+ XMR club.

[Anonymous No.28464705]

>>28463173
Stop posting the same weak FUD every thread, Suresh.

[Anonymous No.28464708]

>>28464581
who the fuck cares about ADA, this is the XMR thread

[Anonymous No.28464890]

WE'RE GOING PARABOLIC
173 EUROS
210 AMERICAN DOLLARS

[Anonymous No.28464928]

>>28464328
not sure I fully follow but you can provably show that you sent a transaction to an address https://www.getmonero.org/resources/user-guides/prove-payment.html

[Anonymous No.28464930]

>>28464666
its a simple equation anon, if XMR < $1000 you buy, if XMR > $1000 you hold.

[Anonymous No.28464996]

>>28464930
Can I buy XMR with XMR?

[Anonymous No.28465077]

>>28464930
Okay, but my question wanted to know if we'd see 300+ Monero two weeks from now. Is that possible?

[Anonymous No.28465087]

>>28460679
this.

[Anonymous No.28465128]

>>28464890
WTFWT

[Anonymous No.28465135]

activate it

[Anonymous No.28465207]

>>28464928
ohhh that's quite smart but how is that checked globally, does that mean any exchange must know your entire transaction history to not overdraft and can you not omit any transactions where you bought shit then.

[Anonymous No.28465212]

>>28465128
McNeros

[Anonymous No.28465221]

>>28465077
As someone who completely supports Monero, probably not. XMR is a slow mover, but its because its not some shitcoin that gets attention for a quick pump and dump.

The reason Monero goes up is because people actually use it, and their are no good alternatives.

[Anonymous No.28465236]

>>28465135

[Anonymous No.28465322]

210 BROKEN, REPEAT 210 IS BROKEN AND ACCEPTED, NEXT RESISTANCE AT 250

[Anonymous No.28465361]

He solde?

[Anonymous No.28465411]

>>28448482
DELETE THREAD MY WIRE TRANSFER HASN'T COMPLETED FUCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK

[Anonymous No.28465486]

>>28465411
>he is still using wire transfer in 2020+1

[Anonymous No.28465532]

>>28465486
how else do you send large amounts of money in canada?

[Anonymous No.28465565]

imagine not buying the most private, high tech crypto ever conceived by man for 200$. Once the dark economy gets a whiff of this thing, it's going to DA MOOOOON

[Anonymous No.28465572]

>>28465411
>wire transfer
Nice. What brand of typewriter do you use to telegram mother with?

[Anonymous No.28465575]

>>28464996
Yes but I've seen people lose their stack like that. Crypto's too volatile for leverage.

[Anonymous No.28465580]

>>28465532
convert it into maple syrup

[Anonymous No.28465586]

>>28465077
it's still way below ath whereas other similar vintage projects like eth have already made new ath this cycle. long term could easily see a new ath i think unless janet yellen releases a fud bomb

monero usually does it's own thing since it is not a shitcoin so it may feel a bit slow vs scams but it actually has value at the end of the day so hop on for the ride

[Anonymous No.28465603]

>>28465532
carrier pigeon...

[Anonymous No.28465691]

>>28465586
>>28465221
Guys. I'm saying I'm getting like tens of thousands of dollars and I just want to be certain since you're here that 300 dollars can't be fully achieved by the end of February.

Trust me, I think this project is fucking GOLDEN. Potentially the very best solid fundamentals in the entire crypto space. I love Monero.

[Anonymous No.28465694]

>>28465580
>>28465603
holy shit you guys are faggots

[Anonymous No.28465732]

>>28465694
but funny :)

[Anonymous No.28465894]

>>28465691
Just buy a make it stack then and shit the fuck up

[Anonymous No.28465952]

>>28465691
how the fuck are we supposed to know?
you had years to accumulate. I wish you good luck and may you be blessed by xmr chan.

[Anonymous No.28466003]

>>28465691
Probably not by end of Feb...if BTC corrects @ $50K, which is likely, XMR will follow. By March/April, if we continue on this trajectory, I think $300 is more than feasible.

[Anonymous No.28466024]

Fuckkkk, why are we mooning? I'm not done accumulating yet :(

[Anonymous No.28466039]

>>28459353
He's scottish or something so i don't care

[Anonymous No.28466105]

>>28466003
Thanks for the helpful post, sir.

[Anonymous No.28466130]

>>28466024
sold some for ya anon, get in.

[Anonymous No.28466183]

>>28465532
I mean I guess if its LARGE large then no. But on coinbase i'm pretty sure you can do like 10k buys with debit card instantly.

10k btc -> kraken/decentralized coin swap -> XMR

[Anonymous No.28466290]

>>28466130
I've been dumping every last bit I can in, twice a month, for the last 1.5 years. Was hoping we'd stay around 150~ for another year or so so I can finish my make it stack :(

[Anonymous No.28466398]

>>28466290
ygmi

[Anonymous No.28466434]

STOP THE PUMP! I WAS FINALLY PLANNING TO BUY THIS SHITCOIN!

[Anonymous No.28466522]

>>28448482
Monero is my long term play in crypto. It is the closest thing to the anonymity of hard cash. Just trying to soak up as much info as possible. Thinking about mining with the several shitty computers I have sitting around the house plus an Alienware r3 but don't want to fry it.

[Anonymous No.28466570]

>>28466434
>SHITCOIN

[Anonymous No.28466696]

>>28459353

He doesn't know.
It's ok.

[Anonymous No.28466709]

whats a makeit stacc and a sui stack for xmr ?
sitting on 10 atm semi confy, have like 5k fiat waiting on the btc crash agane

[Anonymous No.28466711]

>>28466434
shitcoin? this shit is more authentic then bitcoin itself.

[Anonymous No.28466881]

Why is bitcoin chan a loli?

[Anonymous No.28466965]

>>28465694
at least im not a canuck

[Anonymous No.28467039]

>>28466881
pedotoken

[Anonymous No.28467123]

Back under 200

CRAB KING CRAB KING CRAB KING CRAB KIIIIING

[Anonymous No.28467326]

>>28467123
you wish

[Anonymous No.28467357]

>>28466105
yeah agree with this as monero's pumps are usually interrupted by btc dumps. if your time horizon is that short it is tough to make a call but i think it's the easiest bet for a potential large cap 10x out there (my position is similar or maybe bigger than what you are proposing)

[Anonymous No.28468137]

[Anonymous No.28469136]

Lads, what's the new floor?

[Anonymous No.28469381]

>>28466881
hey that's my future wife asshole

[Anonymous No.28469876]

>>28452956
great post

[Anonymous No.28470020]

>>28463825
Fugggggg I need more of this thicc xmr chan

[Anonymous No.28470068]

>>28455482
question monero chad sir, min recomended req system specs for mining. most likely solo just for fun maybe in a pool one day. idk yet

[Anonymous No.28470936]

>>28461440
i did this. im happy and sad at the same time. i held grt, prq, rbc, all under 20 cents. and sold mid .40s on all of em into xmr. my stack is tidy, but im still sad as the rest of the market pumps crazy stupid hard. nonsensical imo.

[Anonymous No.28471034]

>>28470068
Mining solo is difficult and unless you have a nice rig, it isn't recommended because you probably won't earn anything. However, this is something you can do for fun of course. Plus, it supports the network and you will be considered a chad if you do that.
Joining a pool is easy and you can earn small amounts daily even with weaker cpus. Find a smaller pool if you can to further decentralize the network.
check out this site for cpu recs: https://monerobenchmarks.info/

[Anonymous No.28471497]

>>28469136
0.0042

[Anonymous No.28471674]

>>28469136
ty for link il check it out. at a glace seems I7 cpu is needed. prolly not worth frying my little I5. im ef gonna look into it. if i can build a rig for less than a grand, im in. electricity cant be that bad right?

[Anonymous No.28471787]

>>28462077
It is going down again. To many people shorting it still. Let's see if 200 holds or gets broken again.

[Anonymous No.28471849]

https://youtu.be/VNfhIY5-63I

[Anonymous No.28473382]

>and STILL no XMR atomic swaps???

they're waiting until the US cracks down first before they release this, aren't they

[Anonymous No.28473622]

>>28466709
18.7 sui
50 comfy
100 make it

[Anonymous No.28474091]

>>28471674
If you are building a new rig for mining, AMD is much better than Intel. I wouldn't worry about frying your processor unless you are already having temperature issues or you only have a laptop. Ryzen 5 3600 and ryzen 9 3900x are the best value miners.

[Anonymous No.28474255]

This unironically might be Grayscale.

[Anonymous No.28475198]

>>28455427
imagine if you had a chance to buy the true btc under 10k. now imagine its under 1k. now again under 500. under 300. under 250.

[Anonymous No.28475448]

>>28473622
im comfy but i wanna make it T_T

[Anonymous No.28475521]

>>28474091
noted, thank you.

[Anonymous No.28476278]

IM JACKED
IM JACKED TO THE TIIIITS

[Anonymous No.28476309]

[Anonymous No.28476686]

>sold for SNX a few days ago
>XMR pumps
I should just kill myself

[Anonymous No.28476786]

>>28476686
oof

[Anonymous No.28476787]

>>28476686
>sold

[Anonymous No.28477209]

>>28452956
utterly based

[Anonymous No.28477354]

>>28476686
Same, I sold it for CAKE at 165 :(

[Anonymous No.28477498]

>>28477354
>sold
I hope you learned your lesson.
I'm very bullish on cake though! Just remember to take profits and feed them back into XMR.

[Anonymous No.28477542]

>>28476686
>>28477354
Cut your losses, buy back in and turn off the charts for a while.

[Anonymous No.28477576]

>>28457529
Funny thing is that people think being banned is bad. It's the opposite. Think for a second. If bitcoin was a service, let's say, that protects your wealth from corrosion from inflation, banning this service would make it cheaper to protect your wealth from inflation? Certainly not, because the service keeps having its demand and value, but now supply is way less (since less people are now able to provide it for you). Now, if Monero is protection from surveillance state, let's say, a service that gives you privacy. If the government bans this service from economy, do you think it will be CHEAPER to have privacy? Of course not, now it is way more expensive to have privacy, since no one is willing to sell you their Moneroj. This is why countries that ban bitcoin see an increase in its price. Both Monero and Bitcoin are anti-fragile, which means they not only endure against odds, but they benefit because of it.

[Anonymous No.28477777]

>>28475198
Imagine watching from the sidelines as Elon and grayscale enter their positions

[Anonymous No.28477788]

>>28458818
>I'd also add that newfags haven't figured out the technical issues with Bitcoin, especially with regards to privacy as well as transaction fees.
High IQ post

[Anonymous No.28477980]

>>28477576
Ban drugs > drugs get more expensive
Ban guns > guns get more expensive
Ban gold > gold gets more expensive
Ban Monero > Monero gets cheaper???

NOT SO FAST

[Anonymous No.28478053]

>>28477777
holy shit, checked

[Anonymous No.28478094]

>>28477777
Holy shit, both will have to buy now

[Anonymous No.28478922]

Couple questions. I like monero and been holding an unknown amount for over 2 years so seeing it finally go up is cool.
>why hasnt anyone else made a private coin like xmr? what prevents them to do so
>why is the creator some fat fucc named fluffypony? do we really want this dude to be filthy rich?

[Anonymous No.28479168]

>>28463825
>fugly art posted again
Yeah, I'm dumping all my bags. Fuck this mexican cartoon general. Never coming back here ever again.

[Anonymous No.28479401]

My ETH is bleeding sats and I've meant to hold XMR for a while now; should I split my ETH into XMR and ARTE?

[Anonymous No.28479595]

>>28478922
Not sure if you are serious but making an effective private currency is quite difficult. Monero was built on an entirely separate codebase and has taken years of development. Things like hardware wallet support and a web wallet all had to be built from scratch.

Fluffypomy was not the creator. Monero was made by whoever made bytecoin, possibly a team at Stanford was the rumour back in the day. Since then a large number of contributors have evolved it.

[Anonymous No.28479635]

>>28449532
btc to 1 million

[Anonymous No.28479725]

>>28461653
Bank transfers of fiat take days to clear... you're crying about a few minutes?

[Anonymous No.28479775]

>>28465586
ETH is way off its ATH in sats though

[Anonymous No.28479929]

>>28478922
Monero regularly self funds high level, autistic, post-graduate cryptographic research to create novel techniques for privacy. Way more effort than some shitty btc or eth derivative.

[Anonymous No.28481388]

>>28464097
BTC blocks take ten minutes to mine and has no 0conf so minimum time to receive and spend again would also be 20 minutes. Often more because the blocks are so variable.

[Anonymous No.28482423]

>>28461653
Yeah cash out now

[Anonymous No.28482908]

>>28476787
yfw even that guy didn't hodl

[Anonymous No.28483105]

still many shorts left to get busted
comfy

[Anonymous No.28483122]

>>28479725
>you're crying about a few minutes?
few minutes? try 20 mins you retard
sure while we're comparing it to bank transfers there are other options that are near instant (visa, mastercard)
>oh no muh decentralization

[Anonymous No.28484204]

>>28483122
>near instant (visa, mastercard)
OK you're just baiting and fudding to buy in cheaper aren't you?

[Anonymous No.28484471]

CRAB KING CRAB KING CRAB KING CRAG KING

>[crustacean noises intensify]

[Anonymous No.28485147]

>>28452956
what the fuck bitcoin is going to become boomercoin isn't it

[Anonymous No.28485943]

>>28459353
Why can't /pol/tards make an argument without getting absolutely flabbergasted? Do they realize that a good argument speaks for itself?
To respond to his point, money can serve the purpose of allowing users to remain safe under an oppressive government. Sure, criminals use it right now to sell drugs, but what happens when having the wrong opinion or associating with the wrong person becomes illegal? Monero will come in handy then. What if taxes on purchases are raised to intolerable levels? Say a 200% tax on your digital purchase? Then the vendor can accept Monero and no one will know the purchase was made.
If technological society collapses or becomes exponentially more invasive, then it might not be possible to use cryptocurrencies.

[Anonymous No.28486402]

>>28448482

Is it worth mining Monero? I only have old computers so I'm not sure if I should, but I am interested in acquiring some.

[Anonymous No.28487495]

>>28485147
It already is, unironically

[Anonymous No.28487610]

>>28487495
kek

[Anonymous No.28487658]

>>28486402
probably not if it's old hardware

[Anonymous No.28487748]

>>28462077
I'm so comfy right now

[Anonymous No.28487819]

>>28485943
Is this Chad's son?

[Anonymous No.28487873]

>>28477777
Checked

[Anonymous No.28488520]

>>28477777

[Anonymous No.28488620]

>>28448482
hey anons what kinda internet speed do i need to mine this fine lady. I have a sick PC but idk if a spotty 5mb down/500 kbps up is gonna cut it even when i do eventually manage to download the blockchian.

[Anonymous No.28488653]

>>28448482
Monero is pumping. Life is good.

[Anonymous No.28489027]

$0xMR is a mineable privacy focused project on Ethereum with no premine or dev wallet. It's impossible for the devs to dump on your, exit scam or rugpull because they don't control token issuance. 0xMR cannot be tracked, shorted, banned, blacklisted or delisted. It's also regulatory compliant as there were no funds raised from the public and there is no company or foundation behind it that can be sued. It's a completely decentralized store of value managed by the community.

[Anonymous No.28489128]

>>28489027
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

[Anonymous No.28489752]

Is Monero the only crypto that makes sense and people use it as intended? Every other crypto looks like a ponzi scheme with no intention of ever actually using it as a currency

[Anonymous No.28489981]

>>28489752
bitcoin has institutions behind it so it might become semi mainstream for large purchases. there are a couple others but Monaro will become what bitcoin has been for the last few years IMO for smaller and under the table trades.

[Anonymous No.28490168]

I think Monero great project, but how do you sell it
for let's say BTC?
I see on binance I can buy Monero that's ok but cannot sell, am missing som?

[Anonymous No.28490474]

>>28448482

we are crabbing up

[Anonymous No.28490652]

Hey are you guys alright with it if I rewrite the /XMR/ Monero General OP? There are some terms here that could be replaced and other links could be used.

For example "borderless" should be changed with fungible. Every cryptocurrency is borderless, not every cryptocurrency is fungible.

You might also want to write a part about mining and specifically to NOT join large mining pools as it aids centralization but to either mine by yourself (the best but not as profitable) or to join small mining pools (reasonable compromise).

[Anonymous No.28490685]

>>28486402
not for monetary gain with an old computer, but worth it to support the network, keep your room warm, and get some monero while your at it

[Anonymous No.28490743]

0x-MR

[Anonymous No.28490750]

>>28489128
thanks for posting this man, god are these people actually employed to shill that junk?

[Anonymous No.28490811]

>>28489981
Yeah, I just dont see the point when the price obviously correlates with USD anyway

[Anonymous No.28490885]

>>28489752
Well, certain projects have use cases different than being a currency

[Anonymous No.28490891]

>>28490652
those all sound reasonable to me

>>28490168
you can sell the same way you bough it but in reverse

[Anonymous No.28490945]

>>28490743
hey
shut the fuck up
you already spammed this thread
see >>28489128

[Anonymous No.28491031]

>>28490750
hi, no problem
i don't think anyone is paying them
i think they are just a small scam crew of a few people
they are barely able to even plagiarize other people's work
they have no coders as far as i know

[Anonymous No.28491048]

>>28490652
Go ahead anon

[Anonymous No.28491097]

>>28490891
>>>28490168 (You)
>you can sell the same way you bough it but in reverse
sorry are you sure?
I do not find the other way around in binance
do you use something else?
do you use binance?

[Anonymous No.28491147]

I think the difference between BTC and XMR in terms of valuation lies in the fact that BTC is priced for its future potential while XMR is priced for its current use case on black markets. The reason it never dipped below a certain point was because people actually needed to buy it to use on the dark web.

The price of XMR is now going up because more underground players are switching to only accepting XMR so more people need to buy it before purchasing something off the deep web.

The valuation is even a little bit suppressed because people are afraid of the ban hammer hitting the exchanges to make monero obsolete.

This means there are 3 potential for pumps
>1. Everything stays as it is right now. Monero slowly goes up in valuation over time due to dark web purchases propping it up, the amount of purchases using Monero online has grown exponentially since 2016 and is projected to continue down this path (more transactions than BTC expected by early 2022).

>2. The US government says it can't regulate Monero and gives up trying. Causing a massive moon mission that could go as big as 10-100x growth within months

>3. Cryptocurrency as a whole gets more regulated and tax payers crack down harder on BTC and other big cryptocurrencies. Due to how XMR works they can't crack down on it the same way, causing a large moon mission and potentially even an industry-wide flip from BTC to XMR. This is where even the 1 XMR holders might get rich.

[Anonymous No.28491390]

>>28491147
at some point they try to pair monero with litecoin
not with bitcoin you can see it in the last 2 months

[Anonymous No.28491515]

>>28470068
whatever you have, make an address and pool mine instead of solo. just make sure your whateveryouhave is a ryzen

[Anonymous No.28491601]

>>28491390
What are you talking about anon. "pair"?

[Anonymous No.28491645]

>>28491601
pump and dump value

[Anonymous No.28491729]

>>28477777
c-c-checked

[Anonymous No.28491747]

>>28491515
>>28470068
>make an address and pool mine instead of solo.
pool mining is really bad for the monero ecosystem. It's better than not mining at all but mining solo is 1000x better. If you really have to use a pool make sure that the pool is a smaller one so that the mining stays relatively decentralized.

[Anonymous No.28491805]

>>28477788
kek vults this thread. it's raining racist green frogs tonight, lads

[Anonymous No.28491849]

>>28491390
>>28491645
I have no idea what this indian ESL speak means. "Pair" is a technical term that doesn't apply to Monero. "pump and dump value" what the fuck is that my dude.

Monero is something you use to buy stuff off the internet, that's it. It's actually used as a currency unlike other crypto meaning it's unique in this case and can only be truly compared to 2010-2015 BTC. Litecoin was never legitimately used the same was as BTC or XMR on the dark web or by other merchants.

[Anonymous No.28491858]

>>28478922
checked. xmr is being built by math and physics phd autismo grandes, not everyone can do what they do

[Anonymous No.28491984]

>>28491747
what you are saying is true and we should not be using pools that are remotely close to pulling a 51% on the network. but we also have ro make some sweet gains, and pool mining helps with that. personally i'm using eu pool, it's 3rd or 4th in total hashrate

[Anonymous No.28491998]

>>28491849
monero is better in any however way thats the reason of implementing the mimblewimble privacy on litecoin. and this 2 coins have similar price

[Anonymous No.28492144]

>>28491984
Use a smaller pool if you can. It won't affect your gains just something outside of the top 10 and maybe closer to your place geographically so you can speed up local purchases.

If everyone started to go into smaller mining pools we might have 10 minute transaction time and 0.005 USD fees instead of 20 minute transaction time and 0.05 USD fees. Which is a much healthier ecosystem while no one is losing out, miners still get the same share and might even make more because the faster transaction speed and lower fees cause more transactions to happen and raise valuation.

[Anonymous No.28492205]

>>28491147
>The US government says it can't regulate Monero and gives up trying
Couldn’t they just mandate turning over your view key by law?
“Turn over your view key or else police bust down your door and repo your assets.”
Or something like that?
Holds true for any government btw.

[Anonymous No.28492241]

>>28491998
>and this 2 coins have similar price
They don't have similar amount of transactions. Monero is USED AS MONEY. Litecoin is the silver equivalent to BTC's gold. They aren't even comparable in any way.

Comparing coins because they have similar valuation is one of the weirdest shit I've heard of. How is that relevant?

[Anonymous No.28492309]

>>28492205
>“Turn over your view key or else police bust down your door and repo your assets.”

Yes, so you put it in another wallet and show your initial wallet's content to be empty. This is why you need 2 wallets.

Exchange -> Fake wallet -> real wallet

The government will ask for the fake wallet view key and see it's empty, then they can't do anything anymore.

[Anonymous No.28492534]

>>28492309
>Hmmm the view key anon gave me shows an empty wallet.
>But he lives in this mansion.
>We’ll give him one last chance to disclose ALL wallets, as per the law.
>If he still can’t disclose his funds we repo him.

[Anonymous No.28492769]

>>28492534
Point is government can't sentence you based on reasonable ground suspicion. At least not in first world countries. They need to actually prove you are dodging taxes. Which is impossible to do if you hold XMR.

Why do you think they have a million dollar bounty on cracking XMR?

[Anonymous No.28493305]

>>28492769
>They need to actually prove you are dodging taxes.
Other way around in my country (Australia). You need to show where you obtained funds/assets.

[Anonymous No.28493373]

>>28492241
i buy monero and hold, i dont use it as "money", for me it is a store of value.

a lot of people are like me. so stfu

[Anonymous No.28493547]

>>28493373
You're a speculator, not a monero user. I also buy and hold XMR. But not to speculate, but because I know I will use it as money in the future to buy things as it's essentially the only way to buy things truly anonymously online.

>>28493305
Even in your case what you could do is have a couple of wallets

Full fund wallet -> Housebuy wallet

Then you just disclose the 2nd wallet and pay taxes on it when you buy the house, now you disclosed your funds while still hiding the rest of your stash from the government.

The point is you can avoid capital gains tax and as long as you never go into a currency anymore you can avoid taxes, and if you want to buy something large you can just pay taxes on the exact amount you need.

[Anonymous No.28493771]

>>28490891
Ok, I see now, you use the same couple to buy and sell sorry for the fuss never used binance or trading platforms thank you

[Anonymous No.28493958]

thought I could flip my coins, sold at £130 expecting it to go back down to £100, but nope, it rose again to £150
I bought again.... never selling again, learned my lesson

[Anonymous No.28494233]

>>28493958
This is not a speculation coin it's going to slowly increase in value over time. Use other cryptos to moon and put your profits into XMR for long-term stability.

Remember that it's projected for one XMR to be worth $40,000 by 2030 so just slowly accumulate without worrying about it.

[Anonymous No.28494560]

i have my main stack in monero and being untraceable is nice for me,even if im not doing anything illegal
but what about a really decentralized crypto (using randomX) with a trasparent blockchain?
i mean, trasparency is good to fight things like corruption, so it has a point to exist. is there any crypto like this?

[Anonymous No.28494734]

>>28494560
No that doesn't exist and most likely won't even be able to compete.

BTC is a transparent coin and because it is transparent the centralization doesn't matter as much because you can look onto the public ledger anyways. In essence it's eventually going to become like a bank where governments can force transactions to roll back because they know exactly which address belongs to which person etc.

You have to ask yourself what decentralized mining would add to a project. If it's purely transparent then what is the long-term benefit of it being decentralized vs centralized? The end results are the same.

[Anonymous No.28494913]

>>28494560
Sorry what I meant to say in a TL;DR fashion is that it's literally impossible in the long term to be both decentralized and transparent. It's impossible because the act of transparency itself is always going to lead to centralization.

[Anonymous No.28495527]

Fuck you all, I bought monero at $350 when BTC was, what, $17k or something? Now we're on our way to triple the 2017 bullrun and monery hasn't even matched it
Tell me why I should cash it all out for zcash right now

[Anonymous No.28495606]

>>28494913
thank you for explaining, i'm still thinking about it. decentralization may still be useful to fight against 51% attacks

[Anonymous No.28495987]

>>28495527
just sell you moron

[Anonymous No.28496418]

>>28495527
Do it

[Anonymous No.28496800]

We need RenVM to work with Monero

[Anonymous No.28496966]

>>28496800
Ren is a dead project

[Anonymous No.28497218]

newfags get out and market sell all your moneroj
REEEEEEEEEEEEEEEE

[Anonymous No.28497469]

>>28495606
That's not the meaning of decentralized. What you meant to ask was "are there other cryptocurrencies that hedge against 51% attacks without being private?".

Decentralized means without a central figure forcing changes or movements on the blockchain. Even BTC can't claim that in the long run and no public crypto actually can because in the long-term every address is going to be known by the government and thus they can just force reversals of fund transfers like they can with regular bank payments.

At that point what is the difference between regular bank payments and crypto?

[Anonymous No.28497766]

>>28496966
How so? It's cornerstone to cross chain defi as of now

[Anonymous No.28498363]

AAAAAAH I SOLD AT 185 YESTERDAY WHY DID U BETRAY YOU XMR CHAN, WHY????

[Anonymous No.28498410]

>>28498363
It is you who betrayed her, now buy back and take your loss as punishment

[Anonymous No.28498547]

When the fuck is this thing dipping, I want more

[Anonymous No.28498604]

>>28498410
Idd, I only sold 1/8 of my stack tho.. See you at 500 bois

[Anonymous No.28498781]

>>28498547
This is like waiting for $200 BTC to dip. It doesn't really matter in the long term. Just slowly accumulate over the next 5 years. There's still enough time.

Use other coins to speculate and go on moon missions and use the profit you made to slowly put into XMR as your retirement fund.

[Anonymous No.28499205]

>>28469136
>floor
>during bullrun
shiggity bigggity doo, I smell a new fag you

[Anonymous No.28500274]

>>28488620
You don't need the blockchain, you just pool mine. That connection should be fine.

[Anonymous No.28500772]

>>28498363
you thought that "swingers get the rope" was a meme?

[Anonymous No.28500884]

>>28498781
how many XMR do you think we need to make it? i have only 30 but adding more slowly..

[Anonymous No.28501027]

>>28500884
It's expected to reach $40,000 valuation by the end of 2030. If it somehow replaces Bitcoin then it will be around $200,000 by then.