/biz/ - Business & Finance

>>19634170
monero is one of my favorite coins but im starting to lose hope, shitcoins are pumping left and right and all xmr does is be le stable to btc rate goy.

>>19634186
If you're looking for a pump and dump meme then you should probably go elsewhere m80. Monero is about slow and long term growth. The low price is a benefit of the tech barrier and normies scared of regulation.

>>19634355
>> low price.

kek.

>>19634186
>shitcoins are pumping left and right and all xmr does is be le stable

The shitcoins you see pumping left right and centre are mostly Uniswap scams and other random p&d projects. XMR is a solid project that's also undervalued and it's price will go up slowly. XMR is the long game, just like Bitcoin.

Monero will need to fork Safex to stay relevant

mining SAFEX vs MONERO is 25% more profitable, so far!.

>>19634355
The only CONSISTENT slow and long term growth I've seen in cryptoland was Chainlink.

Monero follows usual cycles like 99.99% of coins out there, and when it does it doesn't pump as much.

It's a legit and comfy hold but it's not a money maker unfortunately.

>>19634402
Shut the fuck up

>>19634402
>Safex
He look it's another sub 50 IQ brainlet shilling a random project with an entirely different ecosystem that uses a public blockchain in a Monero thread. KYS

>>19634439
Correct, Monero doesn't pump and it has a pathetic btc ratio. But this is indicative of an irrational market that will eventually correct. The tech Monero offers is too strong not to. It's not like one of the products derived from Bitcoin. It's fungible, digital cash.
chainlink has no long term future. it does not solve the oracle problem. It's one of the biggest scams in crypto right now. any centralized premine should be looked at with overwhelming scrutiny...and when you add in the fact that chain link doesn't actually solve the oracle problem you realize that it -- along with almost all of Ethereums products -- are nothing more than short term pyramid schemes. (fwiw Ethereum does have first mover effect for smart contracts and is likely going to make a lot of people money in the bull run...not really disputing that).
But I don't care about pumps. I just want a cryptocurrency that actually works as intended and is fungible. People will eventually come as adoption continues. Frankly if we stay sub $100 for the next two years. I'll be fine as long as the tech continues to improve and the adoption continues to grow. The pump mindset is just unhealthy when you are looking at investing with cryptos just because this market is so volatile.

>>19634601
i have 100pct faith in the long term propositions of monero. However, if you want to grow value, holding xmr isn't your best bet right now. personally I'm trading shitcoins and putting profit in xmr. that works wonderfully.

>>19634705
I understand your position. Personally I don't think the risks are worth it. I'd rather just support something I know works and that I have a genuine interest in.

>>19635106
yes ok. but I want to be able to buy a house, in 3 years, not in 10 years.

>>19634170
Good morning, brother Chad.

>>19634355
Dubs of definite truth.
Projects like cakewallet are bringing the tech barrier down, brick by brick.

>>19634402
>>19634429
Raj you can't just copy paste the same thing in every thread. Have some creativity. Also you don't have a dick.

>>19634601
>>19634705
These are based posters.

//

Glad to note that we've driven 0x faggot from our thread back to his village.

I'm gonna have some coffee and I'll dump educational links after.

Ghost will btfo Monero, get fucked sadcuck

>>19635153
yeah but cryptogambling is really not the best long term plan of getting money anon. You're better off getting a stable job and slowly building wealth. Also don't get married ;)
>>19635212
I kek'd at brother chad

>>19635265
> ghost

did they just need to shit out a project as fast as possible? why would you name your currency "Ghost". Think about this for a few seconds. at one hand we have "Monero" which means Money in a lot of languages. at the other hand we have some shitcoin named "Ghost". so, do you think you will ever be able to pay with "Ghost"? fucking retards I swear.

>>19635265
>Ghost will btfo Monero,
There's always one Brainlet ghost bagholder that invades every XMR thread thinking Ghost has "superior tech" when in reality it was cobbled together by reddit pajeets in two weeks

>>19635298
>> stable job.

I am at work right now. Also, your proposition only is valid for places where you have low taxes.

I will get married. But in spirit.

>>19634170
why would anyone buy monero when ghost is superior in literally every way?

>>19635265
>>19635435
These posts will never grow you a dick. You'll have to spend your life as a eunuch trying to time it just right so that John McAffe's dump lands on someone else's chest.

Now go start yet another ghost thread and let the adults talk.

Beam is superior to all other privacy coins

>>19635435
>ghost is superior in literally every way?
Explain your hypothesis brainlet...
You need to come good because there's some pretty high IQ anon's here ready to put you down.

Can anyone redpill me on the Ghost shilling? I haven't been to /biz/ in a while but is this the new flavor of the month Monero-killer or what?

>>19636114
>Monero-killer or what?
Far from it... John Mcafee hired some lazy stoner to copy + paste the pivx whitepaper then they hired literal pajeet devs off reddit to cobble together a "mainnet" in 2 or 3 weeks... It's was a flavour of the month p&d shitcoin with a bunch of bagholders still sitting around desperate to sell

>>19634170
https://www.monerooutreach.org/quick-facts.html
^ Monero 101 for anons who aren't familiar with the project and want to learn more. Even if you're a Chad, it's never bad to brush up on fundamentals.
///
https://www.monerooutreach.org/guerrilla-toolkit.html
Strategy for those in the community on how to do your part promoting monero to your peers and the world at large. (NOTE: we firmly encourage you to be a realist, not an optimist. If you're going to pitch monero to your friends and family, educate yourself first and tell them all the potential bad things along with the good. No one should buy any crypto expecting that it's sure to moon, or that it couldn't all collapse like a house of cards. We have good reasons for thinking Monero has a bright future, but no one is Nostradamus.)
///
https://www.monerooutreach.org/stories/the-tool-for-renewal.html
^ Recent article to share with friends who are on board with the revolution but want to achieve it bloodlessly.
>"Whether you need to move your money into a private, digital store of value out of necessity or you want to participate on principle to opt out of the current financial system, join us. Together, we can use new technology to limit the intrusion of corrupt bankers and governments, and participate in a financial system that empowers the people. We are all in this together. Let us use these tools to be the change we want to see in the world, for us and our future generations."

>>19634170
Obligatory LOKI is going to out gain and you can still feel comfy post

>>19636419 cont'd

RECENT ARTICLES
https://decrypt.co/31461/coinbase-wants-to-identify-bitcoin-users-for-dea-irs
>"According to public records, the Drug Enforcement Administration and the Internal Revenue Service are planning to buy licenses from Coinbase for a cloud-based software called Coinbase Analytics. According to the prospective DEA contract, Coinbase's software will provide "identity attribution" for crypto addresses both domestically and internationally."
https://blog.chainalysis.com/reports/introducing-chainalysis-investigation-compliance-support-dash-zcash
>"Dash and Zcash allow users to conduct transactions with greater privacy, but that doesn’t mean they provide total anonymity. The two cryptocurrencies’ privacy features — both in how they’re built as well as how they’re used in the real world — leave room for investigators and compliance professionals to investigate suspicious or illicit activity and maintain compliance. With Chainalysis product’s support, cryptocurrency businesses are now able to incorporate Dash and Zcash into their compliance programmes."
//
TO ALL SHILLERS ABOVE AND BELOW:
GO. MAKE. YOUR. OWN. THREAD.
We didn't care about Verge. We don't care about DASH, or Zcash, ghost, or loki, or beam, or whatever the fuck. Your project may moon. Good for you. We're not here to talk about you and your shitcoin. OUT. RAUS.

>>19635562
nope. It's monero without ring signatures, and you need to be online with the other person to make a payment, which is a major pain in the ass. you also have a dev fee in place, and a much tinier community. Mimblewimble is pretty cool for scaling however and it is why Tari is being built on it.
>>19636114
It's a total scam coordinated by pump and dump maestro John Mcafee. The privacy options on it are optional and and most cases nonexistent.
>>19635364
I don't really understand what you are saying. At least, from where I live, you are taxed literally every time you "flip" a crypto when you are doing your trades. It is actually more cost effective to just buy and hold. I mean, you can get around not paying taxes for small purchases, but anon, if you are going to be buying a house you will have the taxman wondering where you got all your money, and you will then open up a can of worms looking through all your trades.
>>19636439
obligatory "the monero fork with no community, small dev team, and no adoption is never going to get anywhere" response.

Who is moneromooo?

Well I got many questions..
Who is that guy moneromooo? He does a good job!
Does the pybitmessage implementation of multisig work?
When is SLAG coming?
Is an optimized miner for RandomX out there?
hom many devs are working on the project right now?
Will i2p be integrated into the wallet/node?
When will the light wallets support RPC payments? I have a full node running.

>>19634170
Every day the block reward drops
Every day more chains become compromised by chain analysis
Every day druggies lose their keys, silently burning supply
Every day more people realize that they cant donate to their preferred political party without being fired unless they do it via XMR
Every day more people realize that their assets can be devalued via inflation unless they store them in XMR
Every day more people become subject to asset confiscation for political reasons, unless they store value in XMR
Every day more XMR is bought via cash by mail
Every day more BTC becomes dangerous to hold because of its transaction history, leading to more people understanding XMR
Every day the community maintaining the network improves, strengthens and streamlines the product

It's coming frens
And it will be awesome

whats the inflation rate for monero and how does it plan to scale with pow?

>>19636988
based
>>19636983
you don't have a dick
>>19637225
Daniel Kim answered this question on reddit:

For the last 10 years, the world's supply of above-ground gold has been inflating by 1.7%/year. https://www.gold.org/goldhub/data/above-ground-stocks

When the Monero tail emission begins in mid-2022, the annualized inflation rate of XMR will be 0.9%.

Since Monero's tail emission is linear, the annualized inflation rate will forever decrease towards zero starting from the initial 0.9% rate.

So, if you think of gold as a sound store of value, consider that gold inflates at double the rate of mid-2022 XMR, and gold will look progressively worse relative to Monero as time goes on, due to XMR's linear emission growth, i.e. asymptotically zero annual inflation.

I know it is tough for Bitcoin folks to get their heads past the binary position that inflation is either zero or infinite, but this position is not supported by math. The macroeconomics of linear nominal inflation is an entirely different situation than exponential nominal inflation.

Also, consider what we in Monero are getting in exchange for this. We know that miners in the future will get paid. We do not need to set aside a group within the ecosystem to pay the bill for future miners. This is not a trivial decision; in fact, disagreement over this point was a driving factor in the divorce of BTC/BCH.

>>19636943
- I think he's just an anon. he's had funding proposals go through. I'm not sure if he has one now, but in the future if he does you can donate to help support him :)
- with the monero cli I believe you can. I've never dabbled into this. I found this on reddit that might be relevant: https://www.reddit.com/r/Monero/comments/f81lbe/monero_multisig_runthrough_zerotomms_in_an_instant/
- the upcoming hardfork will have a ring sig update. I believe that they are running through the audits now. I'm not sure which proposal they are going with to be honest as the research is ongoing. CSLAG is one of them.
- No idea. You'd have to find a mining forum and ask. You also have to factor in electricity costs.
- It's sort of hard to estimate though because it's decentralized so nobody is hired and randoms contribute. There are routine funding proposals that go over that stuff where you can see exactly who is working on things.
- i2p is integrated just not by default.
- is that even possible? I think that only works if you have a node running and you are mining. Correct me if I'm wrong tho.
>>19637225
The block reward is currently 1.63 xmr. Monero scales with dynamic block size and yearly updates to lower transaction size.

>>19634402
GO lang is a brainlet meme that was pushed by Google so their fresh out of college brainlet hires could work together without knowing how to code

>>19637352
Kim is actually the guy who coined the phrase “Monero is what people think Bitcoin is”

>>19637352
based

I have a comfy XMR stack that I'm planning to just hodl, and a lil overflow slush that I want to spend here and there to pay, for example, my barber, or my mechanic- guys who might otherwise not be interested in the project.

Debating, next time I get a chunk of money, between investing in more XMR or putting some into precious metals (which I have much less of comparatively).

>>19635265
All it did was scammed me out of 0.6 ETH fuck that project and fuck Mcafee.

>>19634170
question for Monero Chads:
What other coins do you hold? Are there other projects in crypto you're excited about?

The lion's share of my investment is in XMR, but I have some bags of 2017's greatest hits and a couple of moonshots too.

the monero thread is comfy

>>19638514
Link

>>19636510
i don't live in a shitty country like you.
also, I can drive to a far neighbour and cash out everything there ( portugal ) completely tax free.

>>19639050
ah damn I'm jealous. I may have to take a vacation
>>19638514
I'm 100% xmr. I may buy Ethereum because of the next bull run. Not really sure on it, will have to do some more research.

>>19639633
all the ETH related DEFI tokens are mega pumping... my beloved xmr when will you follow :(

>>19639858
Patience padawan.
Buy and flip ERC20s for pocket money.
Bury monero like gold in your back yard.

token not needed

>>19639858
DeFis are the ICOs of the next bull run.

>>19642417
Xmr isn't a token

>>19642417
>token not needed
Thinks XMR is an erc-20 token...

>>19642417
lmao

xmr one of the actually needed cryptos.

>>19634170
Why is Monero so terrible when it comes to returns on your capital?

>>19643047
this questioned is framed in a way that; 1. Ignores that Monero has gained massively over its seven year history and 2. Acts like crypto isn't 99% pyramid schemes.
I mean, if you bought at the peak of the 2017 bull run then yeah your Monero stack doesn't look that nice. But if you are accumulating at the dips you will look splendidly in the long run, especially as we are about to see an increase in price based on the low inflation and rising need for privacy.

>>19643047
>he didn't buy at $4, literally a clear second chance at making money with crypto

>>19643186
i bought at 50 dollaroos and I still feel like a bagholder. when the fuck is this shit gonna pump lol.\


REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>19643271
It won't pump, it will slowly climb as other projects go full icarus.

>>19644328
its not climbing on the BTC pair.

I want to set up a mining rig, do I go gpu or cpu for RandomX? Anybody run multiple rigs?

>>19644547
CPU. RandomX is designed to confound ASIC supremacy.

>>19644563
You're running a half dozen ghost threads at a time. Get the hell out of ours.

is [an unknown amount] of xmr enough to make it?
was are make it and suicide stacks for xmr?

>>19644902
I have 100 amps electricity available to use. This doesn’t seem likely to make any sustainable income unless I can obtain larger power draw.

>>19644563

Lmfao, anyone else catch the list of cryptos that coinbase is considering?
What a fucking joke. All scams and yet monero is still on the outside.

>>19646508
If we were getting institutional support we would be doing something wrong, brother.

Privacy coins threaten one of the foundational pillars of state power. They're a bloodless revolution. You can't expect that they'll be greeted with open arms.

>>19638514
Cardano (ADA). I have huge bags in both since both are fucking amazing.

>>19634439
>The only CONSISTENT slow and long term growth I've seen in cryptoland was Chainlink
?????????
literally no price action for a year, then a soild year of pump and dumps where it 10xs. not slow and not consistent.

>>19646620
yeah that's a great point monero bro.
Coinbase is clearly shit. I'm also annoyed by that article they put out at the beginning of the year, claiming that "we’ll eventually see a “privacy coin” or blockchain with built in privacy features get mainstream adoption in the 2020s". It sounded like a dog whistle for Monero but it's clear this dick is talking out of his ass.
It's good that Kraken is sticking up for Monero. They put out an essay about Monero recently (they actually emailed it to people with accounts) talking about how Monero is important. So that's cool.
And we also have the legal framework that Tari Labs is working on with lawyers. It's a bit of a wild card, but this could lead to further liquidity and adoption of we have some legal mumbojumbo backing us up.

>>19646701
funny enough, I just bought some ADA for the first time a few days ago.

I still hold onto some NEO, even though I haven't seen much in the way of signs of life.

>>19647536
Let's certainly hope so!

I've turned a lot of people onto this project because of their recent displeasure with the government and the banking system- more than I ever could (or would want to) with the idea that it's gonna be an appreciating investment.

Getting solid footing legally would be nice, but it's not strictly necessary IMO. Privacy Rights vs Government Encroachment is a war nearly as old as civilization itself, and the spread of privacy crypto will be a significant battle won on the side of individual liberty. It'll be fought by and won for common people.

If Coinbase sees an opportunity to cash in by being an on ramp? Great. If not, fuck em, we don't need em.

>>19647763
You don't have a dick

thanks just market bought 100 ZEC

>>19647913
I honestly don't know how much the American government is looking at Monero. Perhaps they are putting pressure on exchanges...but then again, Kraken is US based.
>Getting solid footing legally would be nice, but it's not strictly necessary IMO
Well, it is pretty essential for adoption. Banning Monero would have a Streisand effect, sure, but having more open crypto laws would also have a positive effect.
My take is that government is going to kick the can down the road as long as possible before they have to overcompensate, and by then it will be too late. Whatever. You reap what you sow ;).
>ve turned a lot of people onto this project because of their recent displeasure with the government and the banking system
Honestly, same. My father for example is bullish as fuck. So bullish, actually, it's to a point where I now realize I am 110% his son kek.