/XMR/ Monero General

[Anonymous No.27235528]

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized p2p privacy cryptocurrency!

Monero is secure, low-fee, and borderless, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT (hidden tx amounts) ensure that Monero's blockchain is obfuscated -- the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a Monero user willingly providing a view key for a specific transaction.

Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in May 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.

If you still have questions, feel free to ask and a MoneroChad will be with you shortly.


OFFICIAL WEBSITE - https://web.getmonero.org

WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

>Non KYC:
Local Monero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
https://archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Gui/Cli (recommended)
MyMonero
Exodus
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo
NOTE: MYMONERO FOR ANDROID IS A SCAM. DO NOT DOWNLOAD ON GOOGLE PLAY.

>Cold Storage
https://archive.is/DEfsP

[Anonymous No.27235787]

bumpity bomp bamp
stop playing vidya
and mine some XMR

[Anonymous No.27236150]

>>27235787
Yes sensei

[Anonymous No.27237084]

>>27235528
I'm conflicted between buying more stocks, more silver or more monero these days. My silver stack is the weakest out of the three.

[Anonymous No.27237256]

Would larger drug market exchanges exclusively using monero for payments have any real effect on it?

[Anonymous No.27237346]

>>27237084
I'd get more silver

[Anonymous No.27238281]

>>27235528
with all this BS going on in the financial world I've never felt more comfy with the monero I hold
Make no mistake, I'm still holding onto my GME that I bought with spare fiat

[Anonymous No.27238610]

Should I buy 1 more XMR right now or buy the Ledger Nano X to keep my existing XMR comfy?

[Anonymous No.27238644]

>>27237256
Bitcoin went from cents to low digit thousands purely on the strength of its shadow economy adoption.

[Anonymous No.27239152]

>>27237256
that's the way markets have been heading, I exclusively use XMR for ordering stuff online for a while now

[Anonymous No.27239206]

this shit isnt doing anything since i bought one

[Anonymous No.27239485]

>>27238610
ledger nano X is comfy, i also use it, but the nano s is enought for xmr

[Anonymous No.27239586]

>>27238610
remember to not buy it from ledger directly because these cocksuckers are leaking your personal info

[Anonymous No.27240785]

Why is Monero not talked about as much?

[Anonymous No.27240955]

>>27240785
It’s talked about a lot amongst darknet users

[Anonymous No.27241539]

can you do swaps on cakewallet in the US?