/biz/ - Business & Finance

>>23881829
I'm not feeling so good monerobros, xmr has been underperforming vs pretty much every other coin this past week and the fud is making me antsy about whether monero's tiny anonymity set is adequate.

>>23881908
name me a privacy crypto with a larger anon set than Monero.

>>23881951
zcash, firo(zcoin), beam. Granted monero has the most liquidity and adoption though, which is huge but ringct seems pretty weak vs mimblewimble, zksnarks, and lelantus.

>>23882107
you do not know what "anon set" means. Anon set implies a large amount of anonymous transactions to hide in. The coins you listed don't have that. Monero is the only coin with built in privacy on the base layer, meaning all transactions are fully shielded, and Monero has far more transactions to hide in compared to those shitcoins.
Zcash is pointless because it has optional privacy. Only 1% of it's daily transactions are fully shielded, and they regularly average about 4000 overall transactions compared to Monero's 18k of fully shielded, so they get blown the fuck out. I've never even heard of Firo so I can only assume it has absolutely zero adoption and therefore no anon sets. Can you even name me a vendor that accepts that shitcoin? And Beam also is not adopted at all, which means its anon sets are trash. Because Beam's market cap is so low, for example, moving a lot of value in that coin will make you stick out like a sore thumb. And this isn't even getting into why Monero's privacy is better than those three.
>ringct seems pretty weak
explain to me how it is "pretty weak". Monero transactions have never been directly traced, and that's why Monero is actually being adopted on the dark net.

>>23881829
How do we know the transactions are organic and not the result of glowies establishing a base on monero??? Im scared bros

>>23882368
trust in the code brother
>>23882352
BASED

XMR is not a coin for getting rich with imo. I'm comfy af with my XMR but have other plays for trying to make quick fiat

weak hands gtfo.
> Muh XMR isn't pumping this month
Yet you forget last month when everything else was dumping and XMR went from $80 - $130.
short term thinking only ... ngmi

>>23881829
even though the ratio's been hit hard it's honestly pretty surreal that we're having capitulation while holding above $100. In the $90 range I was waiting for a dip to buy back in (oldfag from 2014 here who didn't HODL) but I don't think we'll go much lower than this so good enough for me.

>>23882583
dude most people care more about the btc ratio than fiat. noone wants to lose their bitcoin.

>>23882352
yeah the anonymity set is basically how many other transactions yours is mixed with, which is only 11 for xmr and in the 10s of thousands for say beam. Yeah there aren't a ton of people transacting on beam, but what about litecoin w/ mimblewimble? seems a serious threat to xmr with their tx volume and would immediately become the top privacy coin.

>>23882780
More info on beam and LTC + mimble?

>>23881829
This is the one coin that I'm not JUST holding for a profit. What if I want to buy some shit on the darkweb? XMR is perfect for the what ifs.

I sold my 0xBitcoin for XMR

>>23882941
HIGHLY BELIEVABLE STORY
THX FOR SHARING

>>23882368
take a look at pic related. It seems pretty organic to me. White House Market (the dark net market that uses Monero) started in the fall of 2019..
Also, glowies in different countries are trying to crack Monero. Hell, in America's deep state oftentimes different intelligence agencies are working on objectives without knowing that other agencies are also working on the same objective. Ironically if glowies are spamming transactions there is no way of knowing if other glowies are doing the same, and therefore it increases the anon set!
So to answer your question: there is no way of knowing, but we do know that dark net adoption is increasing and this is likely where most of the growth has been.
>>23882780
Regarding litecoin, again, this is optional privacy. Optional privacy doesn't work. You need to have it integrated in the baselayer for normies to use it. Privacy is something that needs to be hardwired into the baselayer to actually be used. 99% of people who buy crypto don't want to put in extra research. In fact, most are buying to hold. This is why Monero is king of privacy, because not only is it private, but it is being bought to be used, as proven by it's long term growth.

>>23883183
Forgot to include the transaction chart lol

>>23882709
yea that's fair, I get that. The dumping on the ratio has been brutal but imo that just means the bounce will be just as brutal (to sellers) since the fundamentals are stronger than ever, so I just see it as a buying opportunity. And I'm sure there are a lot of other people who didn't hold through 2017 looking to get back in. The fud (other than mining centralization) is only concerning to people who don't understand opsec and those who don't understand what makes xmr superior to mw and zk-snarks(like yourself).

>>23883285
I know the trusted setup is major problem with zksnarks, but what is the main problem with mw? seems only a lack of tx volume.

>>23882107
what's le lantus?

>>23883444
it seems to be a much improved version of zerocoin. coins are burned and go into a pool, then later you can mint fresh coins from the pool. the anonymity set there is all the coins that have ever been burned instead of only 11 mixins.

>>23883513
>the anonymity set there is all the coins that have ever been burned instead of only 11 mixins.
for every Monero transactions there ten mixins. Today there is 20k monero transactions, meaning there are 200k total dummy transactions in the pool. This privacy is enhanced by ring ct (amount being sent unknown) and stealth addresses (preventing people from knowing where the monero is being sent).
>>23883426
beam has a 20% dev tax. was developed in israel. It has a retarded supply. Not user friendly (I believe both parties have to be online). No adoption. Small community. Privacy wise monero is better because you can build transaction graphs against MW.

>>23881829
I AM FOMOING SO HARD FOR BITCOIN AND ETHEREUM

fuck this xmr shit coin

>>23883426
From my understanding mw txs can be easily traced, and mw on ltc or btc means optional privacy, which is also zcash's weakness. Also I'm pretty sure xmr could adopt it anyway. There's a reason xmr has been adopted already and not zcash or grin. Also like OP said in the post above, beam is developed by an israeli corporation, also zcash devs are on record supporting implementation of a backdoor.
>>23884118
ngmi

>>23881829
WHERE'S THE FUCKING LIST OF USEFUL LINKS?

>xmr thread

So much FUD.

How much should I put in XMR right now? I currently hold no crypto, and I have about $1000 I'm willing to invest. In all my research BTC and XMR seem safest in the long term, but I want to hear your ideas.

comfy

>>23884812
yeah my bad. I was too lazy to look up the archive.
I think I am going to create a pastebin with a somewhat revised OP with some FAQs in there as well. And then that pastebin will be included in every OP so other anons can start generals. I might do that later tonight if I have time. If other anons want to work on it to meantime that'd be dope
>>23887098
Well anon, keep in mind that Bitcoin is approaching it's top, meaning that investing everything at this point could be a bad idea. To hedge against this volatility, you may want to consider dollar cost averaging.
As for your choices of crypto, those are the two safefst bets in my opinion. Bitcoin is undeniably the safest, but Monero has a lot of upside. Check out the Monero BTC ratio. Monero should hold to at minimum .01 BTC during the next bull run, but most of us in this gen believe it will be anywhere between .02 - 0.1.

>>23887316
I see. I think I'll be putting the vast majority into XMR then.

That dumb FUD sybil attack seems to have scared some people, even though it's obviously not a concern if you know how XMR works.
Also the twitter account of the 'hacker' is incredibly obnoxious.
>>23882780
>>23882810
I'd also like to know about LTC+mimble, how does that work?

>>23887316
Btc is not the best. ETF's and xmr for me

>>23887794
Probably a soft fork.

I am planning to get a bag if monero at $90-100, do you think it will go that low in the next week or two. Is this the bottom?

I am searching for a way to swap Eth to Xmr anonymously, is there any way to do that without kyc and Id verification? I heard some good reviews about changelly.

>>23889643
i think changelly you can use if it's below a certain amount
there's others too but i can't ever remember the names

>>23889643
oh i just read the last part
yeah there's more but i've always used changelly and have done multiple orders with it

>>23883183
>Ironically if glowies are spamming transactions there is no way of knowing if other glowies are doing the same, and therefore it increases the anon set!
top lel. never saw it from that perspective

>>23889833
Thanks anon, I will probably end up using changelly.

>>23889643
>>23889820
>>23889833
Just so you know, Changelly has done real shady things in the past with people switching to monero. It’s listed as a scam on r/monero. Ymmv.
Morphtoken is often recommended as a solution for this.
>>23889578
There’s no way of knowing but I’d be really surprised if our ratio keeps bleeding.

>>23890537
>Morphtoken
that one sounds right. i forgot the name but you saying that reminded me
i'd used changelly about 5 times last year for converting to monero and didn't have issue, but that was 14 months ago and things change

>>23890697
Morphtoken.com is rad. There's also godex.io and several other exchanges that don't apply KYC. Just check out kycnot.me for more information.

>>23891711
>kycnot.me
very cool, gonna bookmark that

>>23881829

I do expect a slow rise in Monero because the censorship will get harder and harder, it is a way for the people to finance who they want, or get financed, without getting jewed by the banking system.

>>23881829
Last month salary went 100% in XMR. Now I have to eat rice and noodles every day :(

>xmr thread

>>23892197
yeah man. What people don't realize is that demand for privacy will grow over time. Monero is the king of privacy in crypto. As more people seek privacy, more will turn to Monero. It will always serve this niche usecase as the ultimate privacy layer for Bitcoin. The digital swiss bank that any person can access. Once atomic swaps come to fruition Monero demand will follow any rise in bull markets from speculators looking to stash profits.
>>23892413
I've been dcaing every month. Slow and steady gains.

>>23892413
where can i buy one?

I only have an unknown amount :(

>>23892865
Got it from this german store https://kryptolampen.de/

>>23893095
>amazon store
>ebay store
fuck me I was getting excited