/biz/ - Business & Finance

>>30288168
Yeah this coin is dogshit. Literally tying their future to BTC by praying Taproot is implemented

Yea definitely dont own any of it or mine it at home on your cpu

yeah i just sold everything, piece of shit

>>30288168
it's a good coin to cash out into.
just hurry the fuck up with the atomic swap you niggers!

>>30288490
horrible investment man never ""invest"" into cash!

>>30288422
>implying i own a computer

>>30288168
Monero is vaporwave
0xMonero is the true Mac Daddy
simple as

>>30288168

Check the date

>>30288857
Checked
Fuck Monero, it's a scam

>>30288955
>wheres the lie

>>30288224
>Literally tying their future to BTC by praying Taproot is implemented
How so? I asked in a previous Monero General about why people believed Monero had a future, given that BTC is implementing privacy features, and no one even knew what Taproot and CoinSwap were.

tl;dr: Taproot/Schnorr/CoinSwap will add major privacy features to Bitcoin, so why have a dedicated privacy coin like Monero?

>>30289890
monero still has harder privacy than bitcoin ever will BUT it comes at a price and that is scaling.

>>30288224
ITS ALREADY BEEN PUSHED YOU IDIOT, ITS NOT IF BUT WHEN

Guys I don't own any Monero, but as far as I know it's supposed to be a stablecoin, as it is actually being traded on the darknet. So don't expect huge swings in its price.

>>30289890
>How so? I asked in a previous Monero General about why people believed Monero had a future, given that BTC is implementing privacy features, and no one even knew what Taproot and CoinSwap were.
>
>tl;dr: Taproot/Schnorr/CoinSwap will add major privacy features to Bitcoin, so why have a dedicated privacy coin like Monero?

Because no matter how much they try Bitcoin's retrofitted optional privacy will never be as reliable as Monero's default full-spectrum privacy.

>Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos

In a livestream Q&A on Antonopoulos’ YouTube channel on July 7, he said Bitcoin (BTC) was unlikely to ever implement privacy features similar to those used by Monero (XMR).

Antonopoulos said creating such features on a cryptocurrency like BTC “would create an enormous amount of controversy.” In addition, he said the structure of Bitcoin simply doesn’t allow ring signatures and stealth addresses.

“I think what we’re going to see soon is Schnorr, Taproot, and Tapscript, which open the door to a lot of improvements,” Antonopoulos said, “But they still do not involve zero-knowledge proofs or the types of ring signatures and stealth addresses that are done in Monero. Bitcoin is not a privacy coin.”

Bitcoin can be better thought of as pseudonymous rather than fully anonymous, as many transactions on the BTC blockchain can still be traced even with these privacy improvements.

https://cointelegraph.com/news/bitcoin-will-never-be-truly-private-says-andreas-antonopoulos

>>30288168
I, for one, welcome our new Ukrainian overlord. By 2030 this guy will be a mutlibillionaire.

>>30288168
Pumpers and thristyboys hate real principled and open source projects.

>>30288168
Niggas finna be mad af when XMR hits $40,000 end of decade.

>>30290933
>Just use NigglyWiggly protocol and poopoopeepee network and 5 mixers and you can use bitcoin just fine
>Its SUPPOSED to work like that

>>30291457

OH SHI-

>>30291025
Zoomers..I..kneel..

>>30291507
Oh nonono hahahahahhahahahahha

So comfy to own a crypto to use, instead of dumb speculation

>>30291507
when it starts impacting their business they will have a change of heart and won't care.

People don't want financial transactions and balances out in public Monero makes sense

>>30288168
Awful shit. Fuck this pedocoin and anyone who uses it.

>>30288857
For the newfriends, read this and soak it in or get burned

>>30292737
>when it starts impacting their business they will have a change of heart and won't care.

They're complying with regulations, not fucking with customers for the hell of it.

Bitcoin is fundamentally broken: if you don't mix, you're potentially in for trouble. If you do mix, you're potentially in for trouble.

And even if you do jump through all the necessary hoops you can still get fucked simply by receiving tainted coins from somebody else. Pic related.

Yet all of these headaches are a non-issue if you #JustUseMonero.

>>30291507
but they don't accept monero either i presume

>>30288168

Its going back to 230

>>30293413
>Bitcoin is fundamentally broken
no it's not. that's a retarded thing to say. but i' not sending my coins to a mixer until regulation clears up that's for sure.
my hodl wallets and spend wallet have no relation to each other. so the information anyone could glean is superficial and doesn't translate.

Never understood a coin that hides who is transacting and over what... How would a government/private company (you know, the only entities that matter for adoption) make money???

>>30288168
this is the coin you just buy a suicide stack to forget about and go trade other shit

>>30293476
>but they don't accept monero either i presume

Dunno, regulatory pressure is a motherfucker. But that doesn't change the fact that Monero is reliably fungible by default while Bitcoin ain't.

>>30288857

Hi Pajeet

>>30293732
>this is the cryptospace understanding of your average xmr fudder
ok we're early

>>30288857
Haven't been here in like 4 months, are you still posting this every day?

>>30293712
>no it's not. that's a retarded thing to say. but i' not sending my coins to a mixer until regulation clears up that's for sure.

If you HAVE to mix and jump through an array of hoops just to achieve a modicum of privacy and fungibility, something ain't right.

>>30293862
it's basically like this as i see it.
if your bitcoins are not tainted they are accepted and pretty much fungible. they are not fungible if they have a criminal history like cash bills painted with a patron.
with monero all bills are considered dirty. almost nobody accepts them and may be pressured out of legality completely.

if i ever have to interact with the black market i will definitely get some monero tho. but it's not a life goal for me really.

I'll act like a Monero Shill:

"Monero is fungible, have you ever heard about fungibility? Well fungibility is the spice of life. Get on our fungible level you unfungible scrubs. Monero is fungible and that makes it so valuable, because every coin needs to be fungible. BTW guys, if you didn't know, Monero is fungible"

>>30294111
Checked and based

>>30294009
They have a point though, but it's the opposite. Why would institutions want to use a public ledger so all their competitors can see every move they make?

>>30294111
but you don't have to and you shouldn't.

>>30293732
1. Why would a government or private company want to conduct their finances completely in the open so all their competitors and regulators could see every single transaction and balance? the elite want privacy as much as anyone else or moreso
2. How about the 10s of trillions tied up in the black market, why wouldnt those entities matter for adoption?

>>30294456
with monero you have a way to opt out of privacy if you are a fundation or institution. publishing your view private key.

>>30294214
>>30294232
institutions isn't the fundamental goal of xmr
tsla isn't going to say "oh yeah btw we're keeping some funds in this truly-fungible coin" ever
xmr shills that are betting on some btc overtake are retarded for sure, tainted coins/unperfect fungibility will not be a major concern for pro investors, they just want a deflation asset
the complement that monero brings on the table - privacy - is mainly aimed at the shadow economy
a fraction of that market cap would be enough to make the price skyrocket

>>30294180
>if your bitcoins are not tainted they are accepted and pretty much fungible. they are not fungible if they have a criminal history like cash bills painted with a patron.

Thing is, you can NEVER know 100% for certain IF or HOW MUCH your coins are tainted i.e. how many hops back are being counted and by whom, different agencies use different criteria.

And if you get it wrong and your coins are on a blacklist, they'll get seized the moment they touch a compliant exchange. Pic related.

THIS is why fungibility is so fundamental, no fungibility = perpetual threat of blacklisting = nobody willing to use it.


>with monero all bills are considered dirty. almost nobody accepts them and may be pressured out of legality completely.

You need to keep up with current events, Monero is seeing increased mainstream adoption, these happened just yesterday:

https://www.tapjets.com/article/private-jet-pay-with-monero

https://finance.yahoo.com/news/cypherpunk-holdings-inc-announces-corporate-215700164.html

Also, the first working atomic swaps service was released literally today, meaning even if they ban Monero in future, buying/trading XMR will still be as easy as buying/trading BTC.

>>30294268
>but you don't have to and you shouldn't.

....and that's how something like this happens:

>FBI traced Bitcoin Transactions to a dark web vendor’s apartment

"Reid did not mix his bitcoins and the Bitcoin addresses sent from the vendor to FBI agents provided law enforcement with everything they needed to identify him. FBI Special Agent Ellis, previously investigated money laundering with the Secret Service, provided a simple analysis of the Bitcoin transactions that ultimately led to Reid’s identification and arrest."

https://darkweblive.net/fbi-traced-bitcoin-transactions-to-a-dark-web-vendors-apartment/

And now you know why Monero is replacing Bitcoin on the darknet and everywhere else where privacy and fungibility are paramount. Pic related.

>>30295001
>Thing is, you can NEVER know 100% for certain IF or HOW MUCH your coins are tainted i.e. how many hops back are being counted and by whom, different agencies use different criteria.
don't really care for my financial holdings it's just sent only to the same exchange it came from.
for spend money it's a risk you can easily take.

>>30295001
>Also, the first working atomic swaps service was released literally today
finally cause i couldn't even buy monero right now if i wanted otherwise.
but wait does that mean the devs done fucking around or it's just some bullshit third party escrow thing in reality?

>>30295305
but i'm still not a criminal no matter how much you push this crap. i don't need to work beyond legality right now. and if i ever have to it will be a local affair not applicable to a decent country.

>>30295892

>hurr I have nothing to hide I'm not a criminal

You guys fucking deserved patriot act

>>30288168
Cnbc published an article stating if you or ever interacted with Monero the Grimaldo justice system has already started investigating you. I don’t know about you but a coin this risky doesn’t have much upside. I’m surprised it’s still listed on Kraken (which if you don’t know by know it will be delisted soon according to that article). You’ve been warned and don’t be posting your AAAAAAS pink woman thread when they fucking van you after your associated with this pedocoin and terrorist coin. Not evening FUDing, doing you guys a favor XMR has no future as the govt will cease its operations. I’m actually surprised the devs haven’t been imprisoned yet (soon). Heathe the call and switch to Litecoin hell even Zcash as that’s already been accepted and you get the same level of privacy. You were warned.

>>30296086
nobody deserves that crap. but obviously if my country forces me into illegality i will find a new country where my bitcoins will be 100% accepted.

>>30294636
Honestly, tesla and microstrategy are a meme and I don't think many corporations are going to follow suit, Mass Mutual might be the only notable company that holds btc. But if institutions were going to start putting crypto on their balance sheets, they don't want to get front ran so they would probably prefer an opaque ledger and companies don't need to disclose their purchases immediately.

>>30296517
most companies will have the common sense to keep bitcoin exposure down to a few %

>>30296130
>Cnbc
I'm actually mad at how retarded you are but I'm going to be nice and virtuous, ill educate you instead
last month event for xmr : grayscale listing, realvision report, no delisting whatsoever
link here is an actual law firm saying that the upsides should lead to adoption and no global ban :
https://www.perkinscoie.com/images/content/2/3/v7/237411/Perkins-Coie-LLP-White-Paper-AML-Regulation-of-Privacy-enablin.pdf
I know you're a fucktard so you won't bother to read a line but at the very least shut your little mouth next time when you don't know what you're on about

can we get back to the btc monero atomic swap?
i mean we had this retarded conversation probably a hundred times. but is there truly something out that's working?

>>30296666
Nice get I kneel.
But replying to my obvious FUD lol

>>30296798
drunk as shit rn my bad

>>30296790
>can we get back to the btc monero atomic swap?
>i mean we had this retarded conversation probably a hundred times. but is there truly something out that's working?

https://www.reddit.com/r/Monero/comments/ly62tk/let_there_be_swaps_public_xmrbtc_atomic_swap_demo/

>>30294180
jesus fuck we really are early lol

>Atomic swaps live
NO I ONLY HAVE A SUICIDE STACK I DON'T GET MY BONUS FOR TWO MORE MONTHS FUCK

>>30296798
This is why its so difficult to talk about XMRs strengths and weaknesses lol. All fudders are actually Monerochads who just shitpost pretending to be against it

>>30297128
so it's testnet only. but that's something...

>>30296584
My point was that I think "muh institutions" is a meme, but if it's not companies might not want to use a surveillance coin like btc since people can front run them if they notice the transactions on the blockchain. But now that I think of it these trades are done with an OTC desks, and OTC desks use bots on cexes and miners. So the trades on cexes aren't visible on the blockchain but they're still visible and there are tools like heatmaps.

>>30296130
>xmr is money laundering!
>heathe the call!
uradumbass

>>30297291
Yeah no shit. It’s obvious the coin’s fundamentals exceed everything in the space right now. Strengths? Total privacy, criminal adoption, tax evasion, decoupling from BTC (soon). Weaknesses? Govt regulations and possible jail time by interacting with it (were years away from this but it’s very possible).

Dr Daniel Kim’s presentation and his explanation of tail emissions. CPU mining (fair mining as opposed to GPU/ASICS machines).

We FUD because we know and we know that we do not have enough.

>>30296130
>cnbc

HAHAHAHHAAHAHAHHAAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAAHHAHAHAHAHAHAHAHAHAHHAHAHA. I pity you normie.

>>30297990
Oh fuck I fell for the bait kek

>>30297128
so lemme get this straight, they basically implemented the atomic swap on almost completely bitcoin side and that's about it? ahahahah. this is what was bugging me the "how?"
this is funny.

>>30297654
companies will buy derivatives and from custody through otc desks no on-chain volume (as you couldn't see tesla buying either)

with government banning monero and exchange delistings you must sell your xmr

>>30298385
>so lemme get this straight, they basically implemented the atomic swap on almost completely bitcoin side and that's about it? ahahahah. this is what was bugging me the "how?"
>this is funny.

Bear in mind this isn't the official Farcaster project.

>>30298669
>with government banning monero and exchange delistings you must sell your xmr

>>30294180
you're just making up a subjective definition of fungible
bitcoin is not at all fungible by the fact that you can trace every single fucking transaction that has occurred all the way back to the miner.
you're an idiot and you deserve nothing but failure

>>30298785
it's actually clever i did not see that coming. but i can't shake the feeling of moneros lack of timelock and hashlock gonna hurt it.

can you guys please fud it more, i like to get some below 200.

>>30298669
>id the colour of the ganges

Checks out

>>30299333
it's not subjective. it' pretty objective. untainted coins are perfectly fungible each and every one of them will get you the same price.

>>30299582
va falloir apprendre à parler un anglais décent mon pote

>>30300000
Wasted quints

>>30300000
absolute fucking state of this get
>>30299999

>>30299945
>untainted coins are perfectly fungible each and every one of them will get you the same price.

Actually, you can sell freshly mined coins at a 20% premium in some places.

>What is ‘virgin Bitcoin’ and why are people paying 20% extra for it?

"Some are now turning to ‘virgin Bitcoin’, paying a 10% to 30% premium for ‘clean’, often freshly mined, Bitcoin."

https://micky.com.au/what-is-virgin-bitcoin-and-why-are-people-paying-20-extra-for-it/

So, 1 BTC doesn't always = 1 BTC.

>>30300138
>>30300166
xmr maxis are blessed tonight, you can suck on it.

>>30300000

WITNESSED

>>30300295
>Actually, you can sell freshly mined coins at a 20% premium in some places.
if you find a stupid fuck you could sell a used shoe for more than a new one.
doesn't mean anything no sane person will give you more for coinbase than any other coin not blacklisted.

>>30301159
also just because certain bills are going way higher than their nomination because of rare printing errors or being used by a famous person doesn't mean the usd i s not fungible. it's not what the definition means.

but sure when we are talking about cash moneros approach makes sense. i only have doubts about regulatory approval and scaling.

>>30296130
>switch to Litecoin or Zcash, those have the same level or privacy
>yet somehow only XMR is being banned
The cognitive dissonance is palpable. That's exactly the point, LTC and ZCash are fundamentally worse than XMR. Which is why, over time, XMR will prevail.

>>30289102
>It's at capacity
+
>No adoption
Dumb faggot retard.

>>30288168
You dont know anything about xmr noob.

>>30293051

Explain, please.

>>30290933
>Because no matter how much they try Bitcoin's retrofitted optional privacy will never be as reliable as Monero's default full-spectrum privacy.

I have to remind you guys that segwit is optional and lots of people don't use it even though its costing them money. If privacy is optional on Bitcoin expect almost nobody to use it.

>>30288168
you have to be over the age of 18 to post on this website

>>30290933
>making it private would be controversial
Yes, that is why it's morally imperative for crypto to be made private.

>>30288168
>>muh pedocoin
What?

don't buy monero to get rich. buy it to use it

>>30305534
So it's an actual currency, unlike bitcoin.

>>30305534
yes when the day comes when i can use it for anything i will. promise.