What went wrong?

[Anonymous No.22652090]

Few years ago we had Monero and other based coins, what went wrong in crypto with all these Ponzi gay Uniswap scams?

[Anonymous No.22652118]

Faggot zoomers happened.

[Anonymous No.22652159]

>>22652090
good coin

[Anonymous No.22652481]

>>22652090
Great coin. Technologically superior to boomercoin as a store of wealth

[Anonymous No.22652558]

>>22652090
>What went wrong?
try doing some research

[Anonymous No.22652606]

>>22652090
fluffypony was too busy shitting on other projects rather than focusing on XMR. Also, XMR is very cheap to 51% attack

[Anonymous No.22652746]

>>22652606
How cheap is it to attack XMR?

[Anonymous No.22652760]

>>22652606
Why would the CIA allow their preferred method of shuffling around funds be 51% attacked?

[Anonymous No.22653037]

>>22652090
As more people came to crypto the average IQ dropped. A lot.

[Anonymous No.22653054]

>>22652090
I actually was going through the server at my job the other day and found a txt file with the previous IT guy's xmr wallet in it. Looks like he was going to background mine on the computers but didn't do much, only like 0.9 on the wallet. Should I move it and let him know?

[Anonymous No.22653176]

>>22652090
Gen-Z

[Anonymous No.22653802]

>>22653054
>only like 0.9
That's over $5000 in the next bull run

[Anonymous No.22654759]

>>22652090
Dude, calm down. Monero has actual use. It is spent on actual stuff much more regularly than other cryptocurrencies. You nee to keep in mind that adoption is actually bearish because people dump their shit instead of holding it and thus making the circulating supply more scarce which results in the coin pumping. This doesn't happen much with Monero since it's used to buy services and commodities which makes the circulating supply less scarce and thus putting downward pressure on the price. There's nothing wrong with Monero, it just isn't the currency that makes you rich quick.

[Anonymous No.22654774]

>>22654759
>making the circulating supply more scarce which results in the coin pumping
To make it clear, I mean holding makes the supply more scarce, of course.

Also
>nee
*need

[Anonymous No.22654785]

>>22653802
>5000 usd in a fucking bull run
Not gonna make it

[Anonymous No.22655341]

>>22654759
>adoption is actually bearish
NGMI
The value long term will only go up when consistently more people want to use it to buy shit without a trace or to launder money.
Monero's biggest challenge is that a lot of places will never accept it because of regulations surrounding privacy coins.

[Anonymous No.22656280]

>>22654785
>10 minutes setting up a miner
>some months later $5k
Seems good to me. Obviously you should buy a stack if you want to make it.

[Anonymous No.22656341]

>>22652090
nothing went wrong you retarded noob

[Anonymous No.22656551]

>>22652090
'17+ fags ruined everything. The worst part is the think their ICOs ARE cryptocurrency.

[Anonymous No.22656555]

>>22652118
This also of course

[Anonymous No.22656576]

>>22652090
Monero is for child porn enthusiasts, for washing other coins (in/out doesn’t affect price so this use case is not a pro monero argument), and for /g/ tier autist

[Anonymous No.22656580]

Why would I use XMR when I can just use SUTER to wrap my coins?

[Anonymous No.22656595]

>>22656576
fuck off glowie

[Anonymous No.22656614]

>>22653037
>As more people came to crypto the average IQ dropped. A lot.
This, sadly.

[Anonymous No.22656625]

>>22652481
>store of wealth
did I miss something?

[Anonymous No.22656667]

>>22656595
The CIA is training pedos to use xmr right now. They will make big news after 'uncover' a pedo ring and blame monero.

[Anonymous No.22656677]

>>22652090
Privacy coins do what exactly? Keep your privacy. If you are smart you can do the same thing with fiat, btc, eth, etc.
There are even dApps that can solve this or L2 solutions.
XMR/GRiN were great projects. I loved them and still mine GRiN.
There needs to be something more to these projects.

[Anonymous No.22656689]

>>22656625
1 XMR = 1 XMR. This is not that hard to grasp, friendo.

[Anonymous No.22656701]

>>22652606
Lmao idiot

[Anonymous No.22656710]

>>22656625
It's going up

[Anonymous No.22656718]

>>22652090
https://github.com/Nadro-J/tipbot-v2-discord
Discord bots not allowed to have fun, thats wrong.

[Anonymous No.22656740]

>>22656625
Wait

[Anonymous No.22656741]

if monero is so shit why is it still the only coin with actual real life applications (buying drugs on darknet)?

[Anonymous No.22656759]

>>22656677
>Privacy .... If you are smart you can do the same thing with fiat, btc, eth, etc.
And this is the point, with monero everyone may have privacy. Not the smart ones only.

[Anonymous No.22656763]

>>22656689
Retarded and copepilled

[Anonymous No.22656774]

>>22656689

[Anonymous No.22656800]

you invested in a fat guy who was more interested in flashing fancy watches than tech
the next wave invested in a fat guy who was more interested in big macs than tech
every generation of gamblers has gullible idiots banking on fatties because they relate to them as fellow overweight losers. but the truth is if you take a historical view, performance is negatively correlated with weight

[Anonymous No.22656818]

>>22656774
1 bitcoin != 1 bitcoin, noob.

[Anonymous No.22656831]

>>22656759
>everyone may have privacy
>you just need to learn how to use cli or navigate obscure wallet software while autists shit on you
mate this is as deluded as "year of desktop linux" type shit
for the average person it is 10x easier to achieve reasonable privacy on eth than to use monero

[Anonymous No.22656848]

>>22656763
Name calling. Any arguments?

[Anonymous No.22656863]

>>22656831
Try cacke wallet on android. It is super easy to use.

[Anonymous No.22656865]

G-guys thoughts on SUTER?

[Anonymous No.22656867]

>>22652118
Nah, this is on all the boomers "tech wizards" who found 4chan and crypto space from reddit, stormfront and social media

[Anonymous No.22656876]

>>22652118

This.

[Anonymous No.22656883]

>>22656831
Try cake wallet on android. It is super easy to use.

[Anonymous No.22656885]

Once everyone realises that XMR's privacy really can't be broken and DEX's become the norm, I'm thinking top 5.

[Anonymous No.22656889]

>>22652481

>store of wealth
>cant audit coin supply

Lmao i like monero but you fags are tiring

[Anonymous No.22656909]

>>22656889
>i like monero but
>i like monero but
>i like monero but
>i like monero but

You again?

[Anonymous No.22656917]

>>22656759
>with monero everyone may have privacy.
Everyone may have privacy without Monero. It's up to people to take the steps. 99% of people don't because they willingly pay taxes and willingly follow the law.

I've already thought a lot about this too. Privacy and protection doesn't matter to retail investors. Think about all the retards who use MetaMask without Ledger. Think of all the retards who don't use 2FA on exchanges.

In a better world privacy coins would rule the day, but we are in a shit one.

[Anonymous No.22656938]

>>22656909

It’s useful as a currency not a store of wealth pleb

[Anonymous No.22656940]

>>22654759
retard here, what kind o services and commodities are we talking about?
I heard monero is the preferred coin for illegal trade (e.g. narcotics) due to its untraceability

[Anonymous No.22656954]

>>22656848
Wealth is measured in purchasing power. 1 turd = 1 turd

[Anonymous No.22656986]

So if I sold all other coins and bought monero, then sold monero and bought all the coins I had back and transferred them to another address, that'd pretty much be a way to distance myself from KYC I had to do when I signed up on coinbase/bitstamp/binance?

[Anonymous No.22657046]

>>22656917
>Pay with btc for a pizza. Get robbed, since the pizza guy knows may see what is inside you wallet.
Thank you, bitcoin.

[Anonymous No.22657061]

Why is everyone ignoring me?

[Anonymous No.22657067]

>>22657061
I hate to tell you but it’s because you are ugly

[Anonymous No.22657087]

>>22656954
The point is you cannot distinguish one monero coin from an other monero coin. But each btc is unique, since it has a history attached to it. Freshly mined bitcoins are prized more than bitcoins which were used to buy something illegal.

[Anonymous No.22657107]

>>22656986
Your freshly bought btc coins could also be tainted. Keep this in mind.

[Anonymous No.22657146]

>>22652090
Monero is the only PoW coin that will even exist in 10 years. Comfy hold.
Most of the hash power comes from botnets that mine it for free.

[Anonymous No.22657154]

>>22656677
>Privacy coins
Monero is digital cash. Part of doing that properly is being private by default, something none of the other "privacy coins" do. If you are "smart" and do some kind of mixing with btc, you get inferior privacy and you flag yourself as a dodgy guy.

Bitcoin is a permanent public ledger of every transaction. Every time you transact with someone you are linking your wallet to theirs. Someone can buy something from you and two years later you could be a suspect in his crime. Besides it being really shitty to get caught up in other people's problems, this is also related to fungibility.

Fungibility is a critical attribute of money and as >>22656818 says, bitcoin is not fungible. For another example exchanges might not accept deposits from bitcoins that have been through a coin mixer or Wasabi Wallet or whatever. Since bitcoin has no use besides hodling and dumping, it would be undesirable to receive these coins. Those coins are worth less than other bitcoins. 1btc could be worth $11k or $10k depending on where it's been and that makes it useless as money.

Every bitcoin has a unique history on the blockchain that makes them not fungible. Monero is also a permanent public ledger but coin histories are homogenised by ring signatures, stealth addresses, and CT bulletproofs.

I also want to add that the lack of privacy in bitcoin is unprecedented. It's not lindy. People haven't really felt this yet because no one actually uses bitcoin besides trading it on exchanges which act like giant mixers. A world where bitcoin is used as money would be a dystopian nightmare but I don't see that happening anyway because the lack of privacy would be so unacceptable to basically everyone (especially rich people) that it could never catch on.

Monero isn't bitcoin with a "privacy feature", it is bitcoin with its fatal flaws fixed (not just privacy but scalability, decentralisation, and long term security). It's Satoshis real vision.

[Anonymous No.22657490]

>>22656625
magin using a linear scale line chart when looking at cryptocurrency kekeke fucking noob

[Anonymous No.22657959]

>>22656938
>It’s useful as a currency not a store of wealth pleb
Store of wealth is a good use case. Just think back to your divorce.

[Anonymous No.22658524]

>>22657154
Did anyone read this?

[Anonymous No.22658772]

>>22658524
I did, thank you. Have an excellent rest of your sunday.

[Anonymous No.22658790]

>>22652481
How many monero exist?

[Anonymous No.22659228]

>>22658790
Kek nobody knows

[Anonymous No.22659399]

>>22656889
>math more complicated than arithmetic can't be done

[Anonymous No.22659481]

>>22658524

[Anonymous No.22659539]

>>22656889
https://web.getmonero.org/get-started/faq/#anchor-thin-air
>>22658524
I did

[Anonymous No.22659681]

>>22656831
A couple years ago Monero actually was hard to use, yes, but it's improved since then and will continue to improve because it's rising in popularity among DNM users who are somewhat crypto illiterate.

[Anonymous No.22659719]

>>22656940
>I heard monero is the preferred coin

It's also the preferred coin in the tech industry if you hold illegal opinions.

[Anonymous No.22659755]

>>22652090
The crypto space got popular, this is the consequence of it

[Anonymous No.22659773]

>>22652090
Delisting from major exchanges due to (((regulation)))

[Anonymous No.22659827]

>>22652606
>very cheap to 51% attack
just need a server farm full entirely of 3990x's, very easy

[Anonymous No.22659854]

>>22652090
I dunno about anyone else but I'm keeping a percentage of my uniswap ponzi scam profits in XMR and never selling.

[Anonymous No.22659855]

monero's problem is that you can't spend it. once we have truly private, anonymous, decentralized amazon-style p2p marketplaces with monero offramps, and particl is probably the closest atm, it'll be good for *all* privacy coins. especially monero.

[Anonymous No.22659863]

>>22659773
Can you name any actual major exchanges it's been delisted from? I can only think of ones in Australia, South Korea and Japan.

[Anonymous No.22660042]

>>22658772
Thanks man. You too.

>>22659481
>>22659539
Cheers guys

[Anonymous No.22660125]

>>22652090
nothing

[Anonymous No.22660234]

good morning

[Anonymous No.22660264]

Monero is my favorite coin. I hope it does well into the future.
This DeFi craze is all crackhead zoomers who can't be patient and hodl on something truly great.

[Anonymous No.22660468]

>>22660234
What are you running on the 2200g? I only get ~1.2 KH/s

[Anonymous No.22660539]

>>22660468
ubuntu 20.04
can't remember if it's xmr-stak or xmrig
but the stats shown on this page seem to show higher than what the client reports

[Anonymous No.22660562]

>>22652090
LOKI happened but that's right

[Anonymous No.22660739]

>>22660539
Probably the web stats but it could be windows. I always use xmrig because it's easier, works the same or better, and the guy who makes it probably isn't an asshole like the xmrstak guy.

[Anonymous No.22661035]

>>22660739
supposedly xmr-stak is a little more efficient than xmrig but probably not enough to really matter

[Anonymous No.22661116]

>>22659863
and that only matters for traders anyway, people who are using monero for its privacy features aren't buying it from cexes unless they're retarded.

[Anonymous No.22661162]

>>22661116
>people who are using monero for its privacy features aren't buying it from cexes unless they're retarded.
why would that matter?
worst case you create a separate address to receive your monero from the CEX

[Anonymous No.22661377]

>>22661162
Just the comfort of not sending that data about your xmr purchases directly to chainalysis etc. But you're right I guess it doesn't really matter, and dexes could be honeypots (shapeshift) or have addresses that are being watched.

[Anonymous No.22661572]

>>22657154
Lets say you sent someone 1 monero for some drugs. Then they show up at your door with a gun demanding payment. How can you prove you sent it if its untraceable?

[Anonymous No.22661894]

>>22661572
You give them the transaction key, the transaction ID and the destination address. Anyone can plug those in to prove the transaction.

https://web.getmonero.org/resources/user-guides/prove-payment.html

[Anonymous No.22662657]

>>22652090
Best payment coin by far. However, as often, quality is not correlated with success. It might have it's success one day thought.

[Anonymous No.22662931]

>>22652606
>>22652746

can't be done due to randomx. proof me wrong.

[Anonymous No.22663001]

>>22652118
This

[Anonymous No.22663168]

>>22658524
DR;NS u know the drill

[Anonymous No.22663279]

>>22652090
Still comfy, people haven't realized how good this shit is

[Anonymous No.22663379]

>>22657046
Nowhere let’s the place you are buying from see your wallet. Almost all crypto transactions use a middle man. The only time you should worry about someone robbing you is if you pay your drug dealer in crypto and they check your wallet and decide to fuck you up later.

[Anonymous No.22664206]

>>22663379
The whole point of cryotocurrency (initially bitcoin) was not needing middle men. Now bitcoiners are celebrating PayPal getting into bitcoin even though the only reason people used to use bitcoin was because PayPal had banned them.

[Anonymous No.22664609]

>>22663379
>middle man
You are what went wrong. /thread.

[Anonymous No.22664771]

>>22664206
Doesn’t matter what it was intended for it’s what it is now.

>>22664609
You’re just angry about your low iq you mutt.

[Anonymous No.22664840]

>>22656885
cant have a dex with a privacy coin though. think about it.

[Anonymous No.22664873]

>>22657087
in reality though its totally fungible and every exchange takes all bitcoins.

[Anonymous No.22664950]

>>22660264
>transaction costs remain low

flat out lying, they were more expensive than BTC in 2017. Their transactions per second is about 0.8 compared to bitcoins 7.

[Anonymous No.22664953]

>>22664771
Now bitcoin is a useless ponzi. If you need a middle man for bitcoin to be workable then bitcoin is pointless. You may as well use PayPal (with dollars).

[Anonymous No.22665105]

>>22664771
>low iq you mutt.
Oh, name calling again?

[Anonymous No.22665184]

>>22664873
>every exchange takes all bitcoins.
Except there are blacklisted BTC addresses. How do you think the twitter hacker got cought?

[Anonymous No.22665223]

>>22664840
Monero has opt-in transparency. Whatever point you're trying to make is irrelevant.

>>22664873
This isn't true.

>>22664950
It isn't 2017. Not only are transactions much smaller now, the fee algorithm has been changed to decrease fees as blocks grows.

[Anonymous No.22665296]

>>22665184
>cought
Caught* sry I am on my phone.

[Anonymous No.22665431]

>>22664950
This is median tx fees in USD for BTC and XMR. They were roughly similar until bulletproofs were implemented which brought down fees by shrinking tx size like 90% and also the fee algorithm was reworked a bit.

You also have to consider that bitcoin fees grow exponentially as competition for blockspace increases and 2017 was nothing compared to what's coming if btc were to fulfill its ambitions. Very high fees will be necessary for the security of the btc network in the future due to the capped supply meaning no more mining subsidies. Monero's blocksize can grow due to the tail emission. So even if nothing changed with bulletproofs and the fee structure in 2017, it was still obvious how much lower fees would be on a successful future monero network vs a future successful btc network.

[Anonymous No.22665495]

xmrfags need to add to the equation now that exchanges are acting as banks and regulators, they regulate which btc comes into their bank, for the security of their users, they allow them to exchange with another crypto bank and those bitcoins will never be "tainted" as long as they are in this sphere of centralization. this also removes the FUD of long transaction times and possibly fees, as these are covered by the banks and when they are in good terms they allow the user to spend instantly even if the transaction is not fully through

[Anonymous No.22665543]

>>22665495
actually to cut on fees you need to do the modern bridge of turning your customer into a reward points operator and to purchase memberships

[Anonymous No.22666323]

>>22665431
its still only about 0.8 tps. This is after accounting for bulletproofs. Before it was like 0.08 tps. Fees are only lower on monero now because nobody uses it.

[Anonymous No.22666329]

>>22665495
>banks are good, actually
The absolute state of Bitcoiners in 2020. Do you even remember the dream? You could consult the title of the original whitepaper, or perhaps the message embedded in the genesis block, if you've forgotten. Bitcoin wasn't always the sad "21 gorillion forever" ponzi it is today.

[Anonymous No.22666357]

>>22666323
>its still only about 0.8 tps [citation needed]

[Anonymous No.22666380]

>>22652090
Harder and harder to convert. Legit exchanges have dropped monero for us customers

[Anonymous No.22666389]

>>22666323
You have no idea what you're talking about. You assume Monero's fees work like Bitcoin's, but they don't.
https://web.getmonero.org/library/Zero-to-Monero-2-0-0.pdf#section.7.3

[Anonymous No.22666451]

>>22666329
there was no bias in my post

[Anonymous No.22666498]

>>22653802
$500*

[Anonymous No.22666741]

>>22666451
Okay, but your post is describing Bitcoin as being usable only while under the control of banks. That defeats the entire point of Bitcoin. Bitcoin is absolutely atrocious as a payment processor if it's competing with any systems that utilize trusted third parties. If the future of Bitcoin is that it needs trusted parties to work smoothly, then it loses to PayPal and it's not even competing in the same problem domain as Monero.

[Anonymous No.22666806]

>>22652090
Wallet is not normie friendly. Blocked by every anti virus software because it contains a built it miner. All XMR miners are considered viruses. Was a huge pain for me to install it correctly. Will take 5+ days to sync the wallet. Fear that it will be regulated, banned from exchanges. Hard to buy in

[Anonymous No.22667242]

>>22656625
yes, you bought in over $100 max and didn't mine

[Anonymous No.22667282]

>>22666741
doesnt need its technology to work. as long as you tell everyone "hey come here ive got something great to show you" and you give them what they asked for they will use it. as long as the idea of privacy and being your own bank exists in their head they will use bitcoin. its all about the herds decisions. is there anything else popular you dont like? maybe amazon? facebook? netflix? do you think this is the best things humans can intellectually achieve? i believe that the only thing competing against bitcoin banks is the real world banks, but when people slowly migrate to bitcoin they won't go back once their quality of life is assured, they will get addicted like most things, like amazon shoppers, or anything else i mentioned

[Anonymous No.22667660]

>>22667282
>when people slowly migrate to bitcoin
This is the part that won't happen. Bitcoin is extremely inefficient at processing payments. "Bitcoin banks" aren't going to eat all the associated costs and still deliver the same level of convenience to customers as normal banks. Why would this herd-follower archetype you describe decide to switch over to a service that costs them more?
Banks won't hamstring their operations by adopting Bitcoin of their own volition. Herd-followers will not demand they do so because they accept whatever the banking system offers. Principled people will not use "Bitcoin banks" because the idea is an oxymoron.

[Anonymous No.22667735]

>>22652090
People just wanna make a dollar and leave. They dont really care what they buy their lambo with. Also xmr is a currency a means if exchange not a store of value.

[Anonymous No.22667821]

>>22660125
Oh my god

[Anonymous No.22667947]

>>22667735
>not a store of value
Anything that people want has value.

[Anonymous No.22668123]

>>22667660
exchanges manage to get by so far with or without inefficiency's.

what if someone was so keen on using his new exchange turned into bank turned into visa card to buy something. what if the receiver misses out on this sale because he doesnt have the same crypto bank set up. if the buyer enjoys using his crypto bank visa card so much there must be a reason he chooses so over classic banking, then that switch that the seller makes into adopting crypto banking might be because modern solutions meat modern customer demands

[Anonymous No.22668609]

>>22668123
>exchanges manage to get by so far with or without inefficiency's
Normal people don't use them and aren't about to start. And their purpose is trade, not banking. No one would be willing to pay exchanges' deposit and withdrawal fees for the sole purpose of banking.

>what if someone was so keen on using his new exchange turned into bank turned into visa card to buy something
Why do you expect this person to exist?

>if the buyer enjoys using his crypto bank visa card so much there must be a reason he chooses so over classic banking
You haven't specified what this reason might be.

>modern solutions
Bitcoin is not a "modern solution" to banking. It is worse than every existing tech for this purpose, because that's not what its purpose was supposed to be.

[Anonymous No.22668751]

this uniswap nonsense is a complete meme, it will suffer catastrophic collapse within a few months because normies can't fucking understand it
private coins like Monero can be understood. They're private, untraceable, that's it. So simple to understand that crackheads on the darknet can use it.

[Anonymous No.22669262]

>>22668751
Still plenty of work to be done on the front of user accessibility. Bit of a libertarian-esque take but I expect companies will continue to develop things like wallets as they have for the past couple years.

[Anonymous No.22669619]

>>22668609
just because i link the same properties of a classic bank to what a bitcoin bank would look like, doesnt mean there arent some key characteristics a bitcoin system might have. it has made the money supply transparent, it has attempted to reduce the cost of a middleman, and wishes for others to become their own bank. what is in the best interest of a company man? where he doesnt need to worry about inflated currency, can create his own chuck-e-cheese tokens for his business, and believes he has somewhat some control of his banking solutions. those points are all up for debate, but the point being it's trying to beat something that a classical bank can not. as for the consumer there are many things that can similarly interest him, but for now its all about opposing the elites, so to put it.

have you used these modern day solutions of what its like to transact with crypto from your centralized point like an exchange? have I? I can't say for certain for the either of us, which is why its so important for that feel good moment for the consumer to discover any of his unmet modern desires for the first time, which isnt what current banking is going to do