/XMR/ Monero General

[Anonymous No.20005519]

This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. A cypherpunk is any activist advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change.

We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project.

Moonboy posting is discouraged, however price speculation and TA is fine.

WHAT IS MONERO?
https://web.getmonero.org/resources/about/
https://www.youtube.com/watch?v=8quGD9W7B2I&vl=en
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 ask for an invite.

[Anonymous No.20005652]

>>20005519
What are some interesting sites to shop with Monero? I bought some XMR and want to test buying something (preferably cheap) as I've never shopped with crypto before

[Anonymous No.20005661]

>>20005519
Threadly reminder that XMR is the comfiest hold

[Anonymous No.20005911]

>>20005652
shoot, I don't know why the merchant link is missing from the OP. But here you go: https://web.getmonero.org/community/merchants/
Keep in mind that you can always pay vendors accepting bitcoin as well if you use xmr.to.

[Anonymous No.20006016]

Only have 3...feel bad man

[Anonymous No.20006129]

>>20005911
Thanks,might get something from the list to test the waters. Got another question: apmex.com allows payments of precious metals with BTC/BCH. What's the most cost effective way to go about using XMR? Would I need to convert XMR to BTC then make the purchase?

[Anonymous No.20006302]

>>20006129
dope.
>What's the most cost effective way to go about using XMR? Would I need to convert XMR to BTC then make the purchase?
Yes you can't pay Monero directly to Bitcoin. You can use xmr.to if you want to send Monero to a Bitcoin Address however. The website auto converts your Monero that is received by xmr.to's wallet to Bitcoin via an exchange and then sends that Bitcoin to the recipient address you inputted (in this example, being apmex).
There are a lot of other ways. Morphtoken is a popular website. You can also use any of the dozens of exchanges and trade your Monero for Bitcoin and then make a purchase with the Bitcoin.

[Anonymous No.20007026]

>>20006016
Buy some more if it feels bad, anon? Surely you have more than $180 of savings?

[Anonymous No.20007151]

>>20005519

i love monero for transactions, not storing wealth - but it was literally created as a scam coin and how the fuck is it going to scale when transactions are 10x the size of bitcoin? what happens if people actually start using it and the uncapped block size bloats the blockchain and makes it hard for the average user to run a node?

[Anonymous No.20007293]

>>20007151
>literally created as a scam coin
>transactions are 10x the size of bitcoin
>uncapped block size
>bloats the blockchain

Do you research 1st before posting wrong facts.

[Anonymous No.20007328]

>>20007151
>BTC maximalist spotted
That's a yikes from me dawg.

[Anonymous No.20007378]

>>20007151
>but it was literally created as a scam coin
No, Monero is a fork of a scam coin. A lot of the early cryptonote tokens were scams.
> how the fuck is it going to scale when transactions are 10x the size of bitcoin? what happens if people actually start using it and the uncapped block size bloats the blockchain and makes it hard for the average user to run a node?
The dynamic block size is a good thing. It means that the baselayer will grow alongside improved technology. It is somewhat of an uncertain situation for onboarding new users to run a node, but I don't think the physical size of the blockchain is the issue. The bigger problem is sync time, and this is something that will be improved through continued protocol upgrades. For example, CLSAG is being audited right now which will create more efficient Monero transactions (similar to the previous successful bulletproof implementation) and Arcturus was recently proposed which speeds up ring ct verification times. Recently, they improved verification speed by ~15% of bulletproofs with the v0.16 wallet.

[Anonymous No.20007569]

>>20007378
Interesting info, thanks anon.

[Anonymous No.20008496]

*VRRRRROOOOOOOOOOOOOOM*

[Anonymous No.20009402]

>>20008496
>*VRRRRROOOOOOOOOOOOOOM*
the street shitter has arrived.

[Anonymous No.20009974]

>>20008496
Stop posting this scam!~

[Anonymous No.20011146]

>>20007569
np artist anon. can we get monero waifu in orange fishnets next?

[Anonymous No.20011538]

>>20011146
Maybe, right now the artist is working on other projects.

[Anonymous No.20011559]

>>20005519
I believe in Monero but it's not doing well as a store of value right now which makes me sad and not interested in funneling my money into it

[Anonymous No.20011597]

I'm comfy holding an [unknown amount]

[Anonymous No.20011635]

The Rebel's coin

[Anonymous No.20011872]

>>20011538
So there are no extant Monerochan lewds?

[Anonymous No.20012033]

>>20011872
I don't think so, you could probably get that commissioned

[Anonymous No.20012214]

>>20011872
>>20012033
lmao. i don't wanna see my girl doing porn.
>>20011559
what makes you sad? That we aren't pumping during a bear market? This is the accumulation phase. If you want, you can continue to support Monero and use it when you need, and I respect that. But acting like Monero doesn't sucessfully work as a store of value is pretty absurd when you look at its price action from 2014 to today.

[Anonymous No.20012267]

Getting a stack soon, was flipping shitcoins for while and monero is one of those coins i want a stack of for the long term.

[anonymous No.20012524]

>>20012267
good choice anon

[Anonymous No.20012543]

>>20012214
Now now anon, "porn" is not the right word. Monerochan is nothing like that slut Bitcoinchan, broadcasting her bits out to the whole world. But with the right view key, she could be persuaded to engage in a bit of tasteful nudity.

[Anonymous No.20012565]

0xMonero (0xMR)

[Anonymous No.20012588]

>>20011872
>>20012543
Here, I made a quick one.

[Anonymous No.20012629]

>>20005519
the only good thing about monero is this waifu desu

[Anonymous No.20012642]

>>20012543
>But with the right view key
lmfao
>>20012588
fucking KEK

[anonymous No.20012722]

>>20012543
>broadcasting her bits out to the whole world
WHORE

[anonymous No.20012773]

>>20012588
>Here, I made a quick one.
This should say confidential, not censored.
Monero is even more censorship resistant than bitcoin.

[Anonymous No.20012829]

>>20012588
BRUH

[Anonymous No.20012957]

>>20012588
Hello anon, I'm a representative for the IRS. Your cryptocurrency transactions during fiscal year 2020 will be undergoing an audit. For tax compliance purposes, we require that you provide the view keys for any and all Monero under your control.

Tax evasion is a federal crime with penalties of up to five years jail time and/or a fine of up to $250,000.

[Anonymous No.20013016]

>>20012543
>>20012588
saved

[Anonymous No.20013162]

>>20012957
Oh no, the IRS
>Bought BTC anonymously using an ATM or a DEX like Bisq
>Converted it anonymously using MorphToken or other switchers
>Proceeds to do whatever the fuck I want with my XMR
Oh noes, the IRS

[Anonymous No.20013512]

>>20013162
Tell me anon, does seeing the word "IRS" always send you into a frothing rage regardless of the surrounding context?

[Anonymous No.20013594]

>>20013512
No because I'm not from the US.
I also pay my taxes.
What I dislike is when people use ((( them ))) as an explanation for why Monero couldn't work. It's simply false.

[Anonymous No.20013721]

>>20013594
It was banter, autismo. I was replying to a "lewd" Monerochan with the lewd bits hidden because Monero is private, so I larped as IRS demanding the view key. Tax compliance is the main use case given for view keys.

[Anonymous No.20013733]

>>20005519
Go to /pol/ and /g/

[Anonymous No.20013773]

>>20013721
>autismo here
I am not good at detecting jokes

[Anonymous No.20013948]

>>20013512
It should

[Anonymous No.20014656]

>>20013733
they're our allies

[Anonymous No.20014954]

Would like to know if anybody here knows what the price of BTC was when it was doing 11k transactions a day?

[Anonymous No.20015005]

>>20014954
I believe it was around 0.05 USD (March 2010)

[Anonymous No.20015177]

>>20015005
Yeah was just looking at the charts just now.

Looking at the figures Bitcoin started its exponential growth at around 13k daily transactions in 2012. Looking at these two charts together I felt like I just had an epiphany

[Anonymous No.20015252]

>>20015177
Exactly, anon. The rise in adoption by DNM is also eerily similar to BTC. In 2011, Silk Road was founded and conducted all transactions with BTC just a year after BTC hit 10k transactions. We could be a year ahead of schedule in terms of adoption, and our exponential growth may be more intense since BTC has blazed a trail for XMR to follow.

[Anonymous No.20015516]

>>20005519
anymore crypto waifus lyke diz one?

[Anonymous No.20015567]

this thread made me 25% portfol.io

[Anonymous No.20015609]

>>20015252
>>20015177
DNM adoption has lagged earlier on but the tide is really starting to shift. The fastest growing market this year is White House Market and they deal exclusively with Monero, and every dark net forum is now preaching to use Monero instead of Bitcoin. I hold that within 18 months Monero will be used in the majority of dark net transactions.
There just needs to be a switch from people who are just using Monero to wash their Bitcoins, and those just using and staying in Monero. This is the last stage to take place, and when this happens we will finally win the dark net.
And what happens after that is we can point to this underground economy and say "See, these individuals actually use our cryptocurrency, because it's better than Bitcoin. It has more of a use case".

Pic related is feds admitting Monero can't be traced

[Anonymous No.20015630]

>>20015609
and here is the rest of the pdf

[Anonymous No.20016124]

>>20015516
Here ya go

[Anonymous No.20016203]

>>20016124
thank you sempai

[Anonymous No.20016651]

>>20013773
it's ok bud, we understand. no hard feelings.

[Anonymous No.20016671]

where is original monerochan

[Anonymous No.20017562]

>>20015609
White House seems like a very opsec focused market, beyond just its choice of cryptocurrency. I hope that translates to longevity, enough longevity to outlast Empire, since it'll be top dog when Empire inevitably falls. That'll be a big day for Monero.

Honestly, I think one of the big remaining obstacles for Monero is Bisq not supporting XMR base pairs. Bisq is so close to being the ideal DEX, and it's like they don't even understand their own value. People who are deliberately turning their backs on all the user-friendly, low-fee, (relatively) low-hassle centralized exchanges are likely not big fans of surveillance and coins that enable it. When there's a straightforward path from dollars to Monero, that still enables good opsec, I think we'll start to see a lot less of the "Monero as tumbler" that you're talking about.

[anonymous No.20017773]

>>20017562
the bisq doa is dependent on bitcon colored coins.
Monero is fungible, so there are no colored coins.

Bisq would have to change their governance model.

It's more likely that atomic swaps are adopted.