/biz/ - Business & Finance

For the past few weeks I’ve been seeing this coin being mentioned on a daily basis.

Give me the low down. Basically, shill me this coin.

Reminder to that anon last week that it’s time to buy 100 XMR and stash them away for 5 years

Price of monero when bitcoin hits 2.5k?

I want to load up my bags, preferably, 4 figures.

will I be able to buy this for ~$10 soon?

Shill me this coin ? I’m thinking of going all in when the price dumps to the 30s

I’m about to acquire 1000 Xmr when it bottoms out. Will I make it by 2025? This isn’t a larp, these are my life savings.

>>11793010
>Monero maybe exception
Personally I'm split between XMR and another highly speculative alt. I do not believe in Bitcoin as anything other than a possible store of value.

>>11703471
One better coin? WEW that was tough, pic related. It's also not that new as I heard of it many months ago. It's an ICO scam that showed up a year too late to scam enough people to even amount to being a successful scam. It takes like 5 minutes of research to realize the entire project is completely corrupt. Also PROTIP: Mass adoption and "real world use" is a fucking meme. Crypto will remain underground as a speculative, if not very private and secure, store of value for years and years to come.

>>11621512

A thread dedicated to the coin that changed cryptocurrency forever

A thread dedicated to the greatest coin ever that changed cryptocurrency forever

How sure of a bet is this?

Will any cryptonote based coin ever flip Monero?

Is mining this a meme at this point?

My gf's parents live in Eastern Europe and their electricity costs are dirt cheap compared to UK. I was thinking of grabbing a few GPUs and next time we go visit them set up a Monero miner that I can control remotely from UK.

Cost of electricity in UK per kWh = 20p ($0.26) + 23p per day standing charge
Cost of electricity in their country per kWh = $0.09

I also want to support the network in general since I hate centralised state power over citizens assets.

>Truly decentralized
>Secure
>ASIC resistant, Jihan Wu can't control it.
>Fungible

Let's face it, Bitmain controls almost 50% of Bitcoin's hashing power and they can fuck the whole network whenever they feel like. Monero, with all its flaws, is still immune to that sort of attack. Compared to altcoins, Monero is faring much better during this crash. That's why I think Monero will be #1 in the next 3-5 years.

Why are banks so fucking horrible?
I'd love to have all my money in crypto but how do you handle day to day life daily tansactions.

XMR will survive the purge.
Your ERC-20 carwash ICO vaporware scamcoin will not.

This is a thread for the king of crypto, Monero.

Just a friendly reminder that you should be filling your bags with Monero if you're playing the long game. Monero is private, fungible, digital cash and is positioned approximately where Bitcoin was 4-5 years ago while improving on Bitcoin as a currency in many ways. Monero is what Bitcoin was supposed to be.

I'll elaborate a bit. Monero is decentralized and has few if any whales due to not having a pre-mine or central corporate authority with a huge chunk of coins stashed away. This is evident by observing its near constant "low" volume across all exchanges. In other words, XMR/BTC or XMR/USD trading in 2018 is still comparatively organic, similar to BTC/USD several years ago. You'll see similar low volumes across exchanges for other coins that have fair distributions since they aren't being constantly wash-traded in markets that can be manipulated by whales/devs to draw eyeballs to the charts.

Back to the 2013-15 technical comparison.
>BTC marketcap ATH before Mt. Gox crash: 13 billion USD
>BTC marketcap low after Mt Gox sell-off: 2.8 billion USD
>XMR 2017-2018 bull run marketcap peak: 6 billion USD
>XMR current marketcap: 1.9 billion USD

Obviously we still may be in the middle of an overall downtrend, so invest when you think the time is right, but I think the parallels are there when comparing marketcaps of two coins that are supposed to be functioning like currencies at similar times in their development cycles.

Monero has a completely different codebase than Bitcoin (and thus most other altcoins) and in a lot of ways is still a hassle to use, so it isn't flawless. If any anons out there have questions I'll stick around for a while.

tl;dr
Go long XMR.

>>10021614
You were saying?

>>9780162
>implying I don't know all about it
Fuck off summerfag. The miner was on the devs github for a few days, at least, before he made the ANN. You know what you call a "dev fund" that's locked away before anyone knows that the coin can be mined? A pre-mine. They just only came out and mentioned it after people pointed out that the git was up for days before the ANN was made.
>>9780550
They can claim 0.5% and you can do some rough calculations based on block height and when the ANN was finally created but it's still disingenuous for them to claim it wasn't premined. It fucking was premined, just call it what it is.

Anyway, all of this shit about a premine is just an extra red flag on what should already be the most obvious red flag that this coin addresses nothing that Monero is already addressing with a much more experienced and respected development team that has self-funded pretty much 99% of the research that has been taken up by these Cryptonote shitforks. If you think this is your ticket to get rich because it trivially implements a few more ring signatures than Monero, then be my guest. Keep in mind that if Masari somehow comes out with some crazy new novel tech it can just be incorporated into Monero, the Cryptonote coin people actually care about. Open source software is a two way street and Monero has first mover advantage.

This will be $400 by tomorrow.

can someone give me a realistic scenario in which an average person that isn't a criminal/terrorist/drug user would ever want to make a transaction that is completely untraceable?