XMR Monero General

[Anonymous No.19827169]

Welcome to XMR General, dedicated to discussing the world's leading privacy-coin!

Because Monero is secure, low-fee, and borderless, people can easily send money despite corrupt and broken governments or banks. This provides economic empowerment of individuals in oppressive countries or depressed economies.

Private financial history protects consumers and companies from price manipulation, supply chain exploitation, economic discrimination, or the like. Monero is the only cryptocurrency that has the features to serve as completely fungible, decentralized, electronic cash.

If you're new, feel free to ask any questions you like and a Monero Chad will be with you shortly.

WHAT IS MONERO?
https://web.getmonero.org/resources/about/
https://www.youtube.com/watch?v=8quGD9W7B2I&vl=en [Embed]

HOW TO STORE MONERO:
https://cakewallet.com/ < A simple, phone friendly wallet
https://www.getmonero.org/downloads/ < Full GUI wallet

WHERE TO GET MONERO?
https://localmonero.co/?language=en <(Always look for vendors with lots of good reviews)
https://coinatmradar.com/bitcoin-atm-near-me/ <Crypto ATM locations
https://kycnot.me/ <Exchanges and services with no KYC requirements
https://web.getmonero.org/get-started/mining/ <A brief introduction to PoW Mining.
https://moneroblocks.info/stats/transaction-stats < Monero Daily Transactions

If you're a Monero enthusiast and would like to join our Telegram group to discuss XMR, feel free to join us at:
<https://t dot me/joinchat/RzBppVXb6p1_fS3jM47yqg/>

[Anonymous No.19827179]

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://asia.nikkei.com/Spotlight/Comment/China-takes-battle-for-cryptocurrency-hegemony-to-new-stage
>At a meeting of the Chinese People's Political Consultative Conference, a political advisory body, at the Great Hall of the People in Beijing from May 21, 10 members proposed a plan to create a digital currency consisting of the Chinese yuan, Japanese yen, South Korean won and Hong Kong dollar.
https://finance.yahoo.com/news/digital-dollar-real-financial-inclusion-192508257.html
>On Thursday the House Financial Services Committee (FSC) Task Force on Financial Technology convened on Capitol Hill to discuss the possible role of a digital dollar in distributing COVID-19 relief payments. The watchdogs discussed FedAccounts, or cryptographic wallets held by the Federal Reserve, for commercial banking services. The National Science Foundation, an independent branch of the federal government, has given blockchain startup KRNC $225,000 to design cryptocurrency features for the U.S. dollar.

[Anonymous No.19827226]

wikipedia.org/wiki/Cypherpunk
>A cypherpunk is any activist advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change.

"I think that the only effective defense against the coming surveillance dystopia is one where you take steps yourself to safeguard your privacy, because there's no incentive for self-restraint by the people that have the capacity to intercept everything. A historical analogy could be how people learned that they should wash their hands. That required the germ theory of disease to be established and then popularized, and for paranoia to be instilled about the spread of disease via invisible stuff on your hands that you can't see, just as you can't see mass interception. Once there was enough understanding, soap manufacturers produced products that people consumed to relieve their fear. It's necessary to instill fear in people so they understand the problem before they will create enough demand to solve the problem."

"Creating an electronic currency is a big deal precisely because control over the medium of exchange is one of the three ingredients of a state. If you take away the state's monopoly over the means of economic interaction, then you take away one of the three principal ingredients of a state. In the model of the state as a mafia, where the state is a protection racket, the state shakes people down for money in every possible way. Controlling currency flows is important for revenue-raising by the state, but it is also important for simply controlling what people do- incentivizing one thing, disincentivizing another thing, completely banning a certain activity, or an organization, or interactions between organizations." "Government regulation has made particular financial players kings and doesn't allow other market entrants. Economic freedom has been impinged by an elite group that is able to influence both regulation and the principles involved in these banks.

[Anonymous No.19827263]

This bitch thinks individuals can't be trusted with privacy tech. Oh boi is she wrong

Monero is a hedge. The ultimate peaceful way of opting out

[Anonymous No.19827315]

Im DCA Buying. Want to hold 10% next to index funds. To increase Risk/reward. Sounds good? Along side that im heavy in tech ETF's.Ultimate Chad plan

[Anonymous No.19827349]

>>19827263
Peaceful rebellion is the best kind as long as it's not ineffective. We don't need no hippie drum circle, change the world through the power of positive energy bullshit.

[Anonymous No.19827410]

>>19827315
>>19827349
Nice plan... Relevant talk from balaji srinavasan :

The argument that the Valley is a problem is incoherent, but it’s not going to be sufficient to respond via voice. We can make this argument, but the ultimate counterargument is actually exit. Not necessarily physical exit, but exit in a variety of different forms. What they’re basically saying is: rule by DC means people are going back to work and the emerging meme is that rule by us is rule by Terminators. We’re going to take all the jobs. Whereas we can say, and we can argue, DC’s rule is more like an overrun building in Detroit, and down right there is a Google data center. And so we can go back and forth verbally, but ultimately this is about counterfactuals: they have aircraft carriers; we don’t. We don’t actually want to fight them. It wouldn’t be smart.

So we want to show what a society run by Silicon Valley would look like without actually affecting anyone who still believes the Paper Belt is actually good. That’s where exit comes in. So what do I mean by this? What do I mean by Silicon Valley’s ultimate exit? It basically means: build an opt-in society, ultimately outside the US, run by technology. And this is actually where the Valley is going.

[Anonymous No.19827429]

>>19827315

Tech ETFs I support heavily.

For me, I have what amounts to Saving XMR and Checking XMR.

DCA wouldn't make much sense for the savings, because it's a looooong hold, so the precise entry point means less. The Checking XMR is bought specifically to spend- I've got my barber on board, and my mechanic is next. It's more about doing my part to promote the growth of the community, so again the entry point means less to me.

But, if the DCA makes you happy and is worth the effort, than God Bless.

That is a pretty Chad plan though, Anon. I'd throw in some PM into that folio, plus a little lead because you never know.

[Anonymous No.19827707]

>>19827429
Thanks anon. Idk about metals Physical metal has pretty heavy fees as they fuck the exchange rate.

[Anonymous No.19827714]

>>19827410
>What do I mean by Silicon Valley’s ultimate exit? It basically means: build an opt-in society, ultimately outside the US, run by technology.
Building something without US influence would be almost impossible

[Anonymous No.19827800]

>>19827410
I say this as an individual, and not a representative of the XMR community: the political philosophy of Agorism appeals to me for similar aesthetic reasons.

It's the only pragmatic left-libertarian school of thought (in my opinion). Agorism suggests that the optimal act of protest and rebellion is peaceful and rooted in the creation of new and distinct economies whose terms are not dictated by institutional powers.

[Anonymous No.19828130]

>>19827169

let's just take a moment to thank monero developers for doing privacy without a trusted setup and then calling it decentralized or a cryptocurrency like the assholes at zcash or eth

[Anonymous No.19828408]

>>19828130
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."

[Anonymous No.19829013]

>>19827263
socialist mommy loves crypto

[Anonymous No.19829084]

>>19829013
She wants to tax it. They can't just allow crypto to take away power from the banks like that. The more common crypto usage becomes, the weaker fiat currencies become. Fiat currencies are borrowed into existence through the banks. They are debt itself.

[Anonymous No.19829347]

>>19829084
and conversely, the weaker fiat becomes the more incentivized normals are to use crypto. Visit Venezuela to see this principle in action.

[Anonymous No.19829890]

>>19827315
yeah great plan.. especially since the stock market is totally dislocated from the real economy. sounds like a real /biz/ plan. If you believe the economy/stonks will do wel the next coming 5 years you are delusional af. It will be a bloodbath. We already got a taste in March

[Anonymous No.19830334]

Bump because Monero is great

[Anonymous No.19830342]

>>19829084
source on this new tax?

[Anonymous No.19830574]

Because you cannot selectively reveal transactions for audit purposes this coin is completely worthless and will be delisted from all exchanges

[Anonymous No.19830722]

>>19830574
absolutely glowing

[Anonymous No.19830750]

XMR is private but would ZCASH be a good competitor if people actually used it's privacy feature?

[Anonymous No.19830933]

>>19830750
If I had wheels I'd be a wagon

[Anonymous No.19831185]

Monero is blessed. Down with the banks.

[Anonymous No.19831288]

People who talk about a currency collapse or other economic chaos always say buy PMs and crypto, I feel like Monero is the only one that anyone with those concerns should stack but they never name it specifically.

[Anonymous No.19831444]

>>19830574
>this coin is completely worthless and will be delisted from all exchanges

I expect it to be blacklisted by all (((Western institutions))) pretty soon as it becomes de-facto currency of not just the deep web but countries targeted by heavy US sanctions.

But even that cannot stop Monero. The worst that will happen is Jewgle App store won't carry Monero wallets and Kraken etc won't carry them. But they cannot stop people from trading Moneros in peer to peer KYC less exchanges and anyone savvy with Cryptos are experienced or at least have heard of them.

Decentralization is the future and it will drastically change the world, and unless (((they))) nuke the internet, it cannot be stopped.

[Anonymous No.19831450]

>>19830750
zcash is just and experiment that was necessary for showing that zk snarks are very processing power demanding. you can't use it as a private currency because of that.

[Anonymous No.19831491]

>>19830933
explain
>>19831450
Is processing power really that bad?

[Anonymous No.19831567]

>>19831450
the trusted setup doesn't help much either. nor does the limited privacy txn set. Just use Monero. Don't get SHUMd

[Anonymous No.19831937]

>>19830750
optional privacy does not work. so your question is irrelevant because the average person isn't going to put in the time to figure out how to do shielded transactions.
https://explorer.zcha.in/statistics/values

[Anonymous No.19832272]

>>19830574
dream on glownigger. ever heard of decentralised exchanges. you'll never be able to stop monero glownigger. get fucked

[Anonymous No.19832360]

>>19829890
Lol anon. It's always different this time. People have been predicting crashes for the last 10 yrs. QQQ is overpriced, that's true. Im diversified over the world and tech is unstoppable

[Anonymous No.19832895]

>>19832360
The difference now though is we have a lot of unemploymenet and no demand in the economy. Once the second wave hits we will plummet again, and long term we have issues with stagflation.

[Anonymous No.19833043]

[Anonymous No.19833603]

0xMR

[Anonymous No.19833642]

What's the safest way to store Monero? Are paper wallets a thing for Monero?

[Anonymous No.19833726]

>>19833642
of course. As long as you have your seed phrase you can have access to your Monero.
safest is probably some sort of cold storage, which would be either paper wallets or something similar.

[anonymous No.19833735]

MOONERO

[Anonymous No.19833766]

>>19833726
I have a Ledger Nano S. Would this be fine? or should I go for paper wallet? What I don't understand about paper wallets is how can I see my balance? From what I understand you can look up the public address on a blockchain explorer or something.

[Anonymous No.19833777]

>>19833726
>you can look up
>>19833766
I mean't to say can't look up your public address on a blockchain explorer

[Anonymous No.19833786]

>>19833603
0xmonero is a copy paste of 0xBTC code with the Monero name slapped on top. It has no ring sigs, no bullet proofs, no dandelion++, no asic resistant mining, no smooth emissions, no Elliptic curves, no spend key priv key combo. It is nothing but a code fork of a failed token on a bloated network bogged down by chinese pyramid schemes. If you legitimately think its ever going to go anywhere, you're retarded.

But you don't think that, because you're a dickless shill scammer.

[Anonymous No.19833855]

>>19833642
Paper wallets van be done for any crypto. If you plan on hodl, just import the viewkey. Also dollar cost average, keep Buying

[Anonymous No.19833938]

>>19833766
Monero has ledger support. it is a little tricky from what I have heard, but if you take your time and google your troubleshooting questions it shouldn't be an issue.
> What I don't understand about paper wallets is how can I see my balance? From what I understand you can look up the public address on a blockchain explorer or something.
you will need to get your secret view key. see this guide: https://www.monero.how/how-to-verify-your-monero-funds-with-a-private-view-key
Monero's blockchain does not allow you to view balance amounts of anybody. The only way you can view your balance is either by unlocking your wallet with your seed phrase (your private key) or by using your secret view key.

[Anonymous No.19834656]

bump