biz/54600759.txt

-----
--- 54600759
Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized P2P privacy cryptocurrency!

Monero is secure, low-fee, and fungible, 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 ensure that Monero's blockchain is obfuscated -- In other words, 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 user willingly providing a view key.

Monero has also improved upon the scaling downsides of current popular cryptocurrencies. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of transactions 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 to 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 gradually approached 0.6 XMR in June 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.

XMR Redpill: https://yewtu.be/wq6w03E2DS4

XMR Stats: moneroj.net

USE Monero: https://cryptwerk.com/pay-with/xmr/

OFFICIAL WEBSITE - getmonero.org

WHERE TO GET MONERO?

>KYC:
Kraken
Binance
Bitfinex

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

>Mining
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official Gui/Cli
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo
--- 54600763
PREVIOUS THREAD: >>54581862 →
--- 54600772
>>54600759 (OP)
Someone make a bull case for XMR in 2023 please
--- 54600773
START MINING IN P2POOL
>START MINING IN P2POOL
START MINING IN P2POOL
>START MINING IN P2POOL

P2Pool combines the advantages of pool and solo mining; you still fully control your Monero node and what it mines, but you get frequent payouts like on a regular pool.

P2Pool has no central server that can be shut down/blocked because it uses a separate blockchain to merge mine with Monero. There's no pool admin that can control what your hashrate is used for or decide who can mine on the pool and who can't. It's permissionless!

Decentralized pool mining (P2Pool) is pretty much the ultimate way to secure a PoW coin against 51% attacks. Once P2Pool reaches & maintains 51%+ of the total network hashrate, Monero will be essentially invulnerable to such attacks.

Although many inexperienced miners think that bigger pools give better profits, this is absolutely NOT the case. Your profits in the long run depend ONLY on your hashrate, NOT on the pool's hashrate.


>YOU CAN NOW MINE IN P2POOL FASTER & EASIER THAN EVER BEFORE WITH THE GUPAX GUI. USES TRUSTED REMOTE NODES BY DEFAULT!!!!

1. Download the *bundled* version of Gupax for your OS here: https://gupax.io/downloads/
2. Extract somewhere (Desktop, Documents, etc)
3. Launch Gupax
4. Input your Monero address in the [P2Pool] tab. USE A SEPARATE MINING-ONLY WALLET!
5. Select a Community Monero Node that you trust, although you can and should run your own node if possible.
6. Start P2Pool
7. Start XMRig

VIDEO GUIDE: https://gupax.io/guide/

You are now mining to your own instance of P2Pool, welcome to the world of decentralized peer-to-peer mining!

>NOTE THAT DUE TO BOTNET SHENANIGANS XMRIG IS AUTO-FLAGGED AS MALWARE BY MOST ANTI-VIRUSES, SO DON'T FREAK OUT!!!


OLD GUIDE FOR P2POOL MINING FROM THE MONERO GUI WALLET: https://pst.klgrth.io/paste/eecbe

https://www.reddit.com/r/MoneroMining
https://web.xmrpool.eu/xmr-monero-easy-mining-guide.html
https://monero.hashvault.pro/en/getting-started
https://www.supportxmr.com
--- 54600780
*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****
*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****


Learn more about Monero's key features and excellent future prospects, have some common misconceptions dispelled and discover the cold hard facts about Bitcoin, Zcash and PirateChain. Also featured is a noob-friendly buying, storage and wallet guide.


>Monero: it's what new Bitcoin users think they bought. Every feature, explained
https://moneroinfodump.neocities.org


>Why Monero is so untraceable: a rundown of the powerful stealth tech Monero utilizes 
https://moneroinfodump.neocities.org#MoneroIsUntraceable


>The Writing on the Wall: Monero replacing Bitcoin as the new standard
https://moneroinfodump.neocities.org#MoneroReplacingBitcoin


>Breaking News: no, Monero still isn't traceable
https://moneroinfodump.neocities.org/#RecognizingTraceabilityFUD


>Vaporware: why nobody is worried about CipherTrace's magic crystal ball
https://moneroinfodump.neocities.org#CipherTraceFail


>Very Clever Math: how we can verify that the XMR supply isn't being inflated
https://moneroinfodump.neocities.org/#MuhInflationBug


>Pssst, wanna buy some Monero? Follow these simple how-to guides
https://moneroinfodump.neocities.org#BuyAndStoreMonero


>Bitcoin: The Original Non-Fungible Token
https://moneroinfodump.neocities.org#BitcoinBlackpill


>Why Monero is Better than Zcash: the "privacy coin" criminals won't touch
https://moneroinfodump.neocities.org#ZcashBlackpill


>The Lowdown on PirateChain: why this Zcash clone is considered a scam
https://moneroinfodump.neocities.org#PirateChainBlackpill


>LATEST UPDATES 

- added Proof-of-Stake update to Zcash Blackpill
- added list of available desktop/mobile wallets
- expanded all sections with more relevant info, graphics & videos
- added easily linkable headers and sub-headers (link icon to the far right)
- added a new section about traceability FUD
--- 54600807
Never forget what this is ultimately all about.

https://anarkio.codeberg.page/agorism/
https://freedomcells.org/

>Help grow the circular Monero economy: buy/sell goods & services with/for XMR!

https://monerica.com/
https://moneromarket.io/
https://www.reddit.com/r/moneromarket/new/
https://kycnot.me/services

>Live off XMR with Cake Pay (now available in 140+ countries!)
https://cakepay.com/

>or with CoinCards (currently US & CA only, UK, EU & AUS coming soon)
https://coincards.com/


>Monero stickers for guerilla marketing
http://monerosupplies.com/

>Buy silver/gold bullion with XMR (US only)
https://monerosilver.com/

>Monero-only VPS hosting
https://kyun.host/

>Win XMR!
https://monero.win/


Say buh-bye to Bitcoin and support the growing number of Monero-only darknet markets/vendors.

# = recently launched, exercise caution

>AlphaBay STATUS UNCLEAR!!
>Archetyp
>Astra #
>Asur Market
>Chimera Market 
>Cloud Market 
>Dark Matter 
>Darkmoon 
>FilthyFellas
>Gofish Market #
>Mercury Market #
>Mellow Market 
>Retro Market 
Links: https://pastebin.com/raw/yaUPVLvk


>LocalMonero is now available on I2P
http://lm.i2p/nojs/


Anonymously exchange BTC for XMR using a reputable darknet service

>Majestic Bank
>Elude EXIT SCAMMING! AVOID!
>Infinity Project
https://pastebin.com/raw/AnkqVGjp


or a reputable clearnet service

https://trocador.app/en/ | I2P: http://trocador.i2p/en/
https://xmrswap.me/
https://unstoppableswap.net/


>Want to support further development? Donate to the Monero General Fund or MAGIC Monero Fund
https://ccs.getmonero.org/donate/
https://monerofund.org/

>Have a particular set of skills? Join a Monero Workgroup and (potentially) earn XMR!!!
https://www.getmonero.org/community/workgroups/

>Want more Monero-chan? Donate to the Community Art Fund
https://www.monerochan.art/
--- 54600812
START RUNNING AN I2P NODE
>START RUNNING AN I2P NODE
START RUNNING AN I2P NODE
>START RUNNING AN I2P NODE


>What is I2P?

I2P is an anonymized P2P overlay network akin to the Tor network but with several key advantages over it. I2P is now replacing Tor as the go-to darknet and will play a pivotal role in growing the Monerocentric economy.


>Why should I care? Why should I run a node?

Increasing shadow economy adoption and the proliferation of an XMR-only standard are what guarantee that XMR will have a floor and won't also crash to zero when the Crypto Casino finally implodes. XMR's long-term outlook is therefore *strongly* correlated with the darknet, you may have already noticed how the number of TXs begins to drop whenever the glowies attack & cripple the Tor network, which underscores just how critical it is that the darknet wins this war against the State. Make no mistake: if the darknet is allowed to die XMR will take a devastating hit as well.

So by running an I2P node you are helping to make the network Monero thrives in that much more robust while also enraging glowies in the process. Win-win!


>OK, but how difficult is it? Do I have to store GBs worth of data like when running an XMR node?

It is literally as easy as installing an Android app and no, there are no storage requirements, the node only consumes some bandwidth.


>Cool, I'm sold. What do?

If you have no interest in browsing the darknet yourself then the simplest solution is to install & run the I2Pd Android app on any compatible (Android 4.1+) device, ideally a TV box since they don't require recharging and are permanently online. But any old phone or tablet is fine too. Make sure you activate "start on boot" in the settings.

https://github.com/PurpleI2P/i2pd-android/releases/latest


Otherwise just install the appropriate desktop client and leave it running.

https://github.com/PurpleI2P/i2pd/releases/latest


The console is accessed via http://127.0.0.1:7070/ or the menu in Android.
--- 54600819
>No tail emission = Bitcoin is fucked 

Right now, at the current hashrate, miners break even on energy expenses at a BTC price of $22K. Post 2024 halving, that break even point, at the current hashrate, goes up to $44K. If BTC does not go to $44K, miners will be unprofitable and hashrate will have to drop (miners going out of business) to reduce the cost of securing the network, also reducing the security.

If you know anything about the power of 2, you already know that things get very big, very fast. If we’re 3 halvings into 32 total halvings, then the estimated break even point for miners at current hashrate going into the last halving would be:

$22,000 * (2^27) = $2,952,790,016,000 per BTC

$2,952,790,016,000 per BTC * 21 Million total Bitcoin = $62,008,590,336,000,000,000 BTC Market Cap

The block rewards shrink so fast that after enough halvings Bitcoin would eventually require a $2.95 trillion price per Bitcoin and a $62 quintillion market cap to sustain the current cost of $7.15 billion/year.

Even if these numbers were somehow realistic, can you imagine securing a $62 quintillion market cap on only $7.15 billion/year of hashrate? LOL.

And that’s assuming energy costs do not increase at all over the next 120 years, which they will.

So basically BTC mining will eventually become so unprofitable the hashrate (network security) will shrivel up UNLESS it is subsidized by BTC transaction fees.

https://cryptostackers.substack.com/p/bitcoin-is-not-a-store-of-value
--- 54600826
Reminder that the /XMR/ bookclub is now a thing.
>What book?
The Sovereign Individual
>Where to get it?
with explanation: https://xmrbookclub.neocities.org/#books
from the tracker: tracker2.postman.i2p/index.php?view=TorrentDetail&id=69603
>Which chapters and for when?
Chapters 1-3, we'll finish and discuss this tomorrow (16th of April, Sunday)
>Where to discuss?
For now, keep it in /XMR/ but if it gains enough traction it will happen on bitchan.i2p as well.

For any more info as to how, check out
>https://xmrbookclub.neocities.org/
>https://xmrbookclub.neocities.org/#guide
>https://xmrbookclub.neocities.org/#where
--- 54600905
How do you guys continue to hold this under performing piece of shit

How do you guys do it?
--- 54600932
>wownero general has more replies than monero general
--- 54600964
Good morning to all Monerochads, privacy enthusiasts and even third worlder Zcuck shills
--- 54600987
>Repost for visibility
As promised, here is the first weekly opsec discussion. The goal here is awareness, not mastery, in the hope that monerochads can have a well rounded understanding of various opsec concepts and tools that are commonly used in conjunction with XMR. This week is PGP, i will try to keep this short and concise as to not shit up the general.

>What is PgP?
PGP (pretty good privacy) is an encryption standard created in 1991 by Phil Zimmermann, an American Comp sci and cryptographer. PGP provides users with communications encryption and originator verification as well as file and disk partition encryption through the use of compression, hashing, Public Key and symmetrical encryption. While it is often referred to as PGP, what people are typically using is OpenPGP, as PGP is actually owned by Symantec.

>Why PGP?
PGP is the de-facto standard for email security among those in opsec critical circles. By using PGP properly, users can have a degree of certainty that they are maintaining their confidentiality and data integrity within the hostile environment that is the internet. One thing all of us should understand is the motto "not your keys, not your crypto", and this applies to our communications security as well. There are many services that provide encrypted email and chat services, but there is often one underlying problem. You don't hold the keys. If your communications are encrypted, but your private key is stored on some AWS server in god knows where, you are vulnerable to exploit in a similar way that custodial crypto holders are, except you may not just lose your money, but also your life or freedom depending on the severity of your threat model. By using PGP software and securing our own private keys you alone are responsible for your security.
--- 54600988
>>54600772
CBDCs are coming.

Your only chance at owning your own money is MONERO

Your only chance at ever doing anything globalists dont like is MONERO.

Your only chance at not having your crypto holdings confiscated is MONERO.

Your only chance at not becoming human cattle is MONERO.
--- 54600999
>Public Key Encryption
PKE is an asymetric cryptographic system which uses a related pair of public and private keys held by each user. The public key is distributed to the people you wish to communicate with, while the private key is held only by you!
To explain the process behind the Public Key encryption we will look at a simple one way message sent from User A to User B.
User A wants to send an encrypted message to User B.
User B sends User A his public key.
User A uses this public key to encrypt the message he wants to send to User B.
The message is then sent
User B uses his private key to decrypt the message.
In this way, we can see how anyone can encrypt a message for another person utilizing the recipients public key, but only the recipient who holds the private key is able to decrypt it.

>Message encryption
Lets take a slightly closer look at how this message is encrypted, including the symmetrical key
User A is encrypting a message to User B
The message is first compressed, this reduces workload and strengthens encryption.
A session key (symmetrical encryption) is generated and used to encrypt the compressed, plaintext message.
The session key is then encrypted using User B's public key.
The message is now encrypted and can be sent to the receiver.
User B decrypts the session key using their private key.
The session key is used to decrypt the message back to plaintext.
--- 54601008
>PGP Signed Messages (Authentication)
 In order to verify the Time of creation, authenticity of a message and to ensure the message has not been tampered with, PGP signatures are used. Here's the basic process of how messages are PGP signed.

 The process begins by creating a hash of the plaintext message.
 User A uses their private key to encrypt the hash.
 This encrypted hash is added to the bottom of the plaintext message.
 Utilizing User A's known public key, anyone can verify the signature by decrypting it using User A's public key and comparing the hash of the signature to the hash of the plaintext.

 >Utilization
 If you're still reading, you might be thinking, fuck. This is a lot of individual steps to take, rest easy. The majority of the processes we have covered are conducted by your PGP software, so have a look at a few of the most common software suites that make this possible. This part is really up to the user, research different software and find out which one suits your skill level and needs best.
 >Kleopatra - PGP GUI for windows and linux
 https://apps.kde.org/kleopatra/

 >GnuPG - Strictly CLI for windows and linux
 https://www.gnupg.org/index.html

 >Final Words
 While this is in no way a complete guide to using PGP, the hope here is that even low IQ anon's can have a basic understanding of how PGP works and how it can improve your opsec. Remember to secure your private key with care and good opsec is about continued attention to detail over time.
 >https://www.openpgp.org/about/
 >https://www.makeuseof.com/tag/pgp-me-pretty-good-privacy-explained/
 >https://users.ece.cmu.edu/~adrian/630-f04/PGP-intro.html
--- 54601024
>>54600772
I'd personally say 2024 will be more bullish than '23. By then:
- DNMs will reorganize and start adopting multisig to a noticable scale downscaling the effect of exitscams
- Seraphis+Jamtis will be rolled out not only making privacy and UX better, and also enabling application like
 - fully fledged light wallets
 - bidirectional atomic swaps
 - offline payment chaining enabling various L2s
 - various wallet tiers with varying levels of information and control
- BTC halving will take place, this will not only indicate the normal cycle related price action, but will likely make BTC encounter various security issues (see >>54600819). Increasing the XMRBTC ratio

And compound that with ever increasing dark/grey market adoption and increasing DNM volumes (I'd say we can reach 3-4 billion by '24, not that it'll be easily identifiable by then). So not only Monero will be robust on the base layer, but I'd argue that the overall markets based/migrating to Monero will be a force that the govt will not be able to stop easily. The question is whether they'll be stuck at the ever more violent political discourse or actually manage to organize and clamp down on Monero. And if so, how much will they succeed? It will probably be a full blown cyber-warfare that will (at least on the short run) strengthen Monero and increase perceived scarcity (fun fact this is already somewhat here, there is simply not enough XMR to go around, exchanges fake their reserves, miners already sold their coins, and tail emission only provides so much).

But at the end of the day, don't forget what this is all about and please learn to use the tools before you are forced to use them in an actual scenario that can land you in the hands of the govt. Learn PGP, learn I2P, learn Tor, learn Monero, learn encryption, learn Linux, learn browser hardening, learn alternative communication channels.
--- 54601107
What's the best hardware wallet to use with Monero?
--- 54601115
>>54601107
Im sure thwlere are pro's and cons to all of them, but for me, its a tails usb with persistence and feather wallet
--- 54601119
BOING
--- 54601134
>>54601115
Thanks. What about a Ledger for a pleb like me though?
--- 54601167
>>54601134
I've never used the ledger so i couldnt make a reccomendation. Honestly though, as long as youre taking reasonable steps to ensure your security in a non custodial wallet you're already way ahead of most normalfags in the crypto space
--- 54601393
>>54601134
its fine. Its more user friendly than trezor. Its code is not open source, but just like ledger its run by company which is liable to you if some wild class action law suits comes. Trezor has been hacked on the hardware level and open source did not help. Ledger the smaller one got hacked a year or ago on the hardware level, the bog one is fine.
You kind of need a ledger or terzor if you want to use it as intended. Paper wallets run on on tails is bad ass, but its kind for receiving mostly. Also there is a risk of paranoia locking yourself out if anything goes wrong. You could just make literal A4 paper and sold it in your door or whatever.
The best thing to do is diversification if you hold a lot of it. If you have like 1k $ of XMR. a hot wallet like cake or menejuro on a new burner phone is probably fine, while actually having the best user experience for actual commerce.
Ledger supports more crypto than trezor.
--- 54601469
Reporting in,
fuck Bitcoin.
--- 54601573
>>54601393
Appreciate it
--- 54601635
Anyone know where to find info on block producer anonymity?

Also, temperature check on XMR sidechains. BTC has some cool ones nascent like mintlayer, XMR arguably is more secure and so I might try and fork one of then someday to checkpoint on xmr instead.
--- 54601649
Threadly reminder that there is now a parallel XMR General on the darknet imageboard BitChan where you can post with the absolute maximum degree of privacy possible. 

Why bother? Well, remember that every time you post on 4chan the content + your IP address are being logged and that data can and will be made available to LE/glowies upon request.

So if you need to ask a very delicate question, want to make a potentially incriminating announcement or you otherwise just absolutely positively DO NOT WANT to risk being deanonymized, the BitChan thread would be the place to do it.

The slightly higher barrier to entry also serves as a badly needed retard filter so a lot of us post there simply to avoid the hordes of mouth breathers that befoul this otherwise delightful basket weaving forum.

>How do I access BitChan?

You need to have I2P configured & running on your device. Fortunately, pre-configured browser bundles are now available and make everything easy. Since most of you lazy faggots are still using Windows we'll default to that for the following guide:

1. Visit https://i2pd.website/ and click on 'Download I2PdBrowser'. 
2. Download either the I2PdBrowserPortable_xxx.7z or .exe file. Extract/install it.
3. Run the StartI2PdBrowser.bat batch file to launch. Adjust firewall settings/port forward as required. Port forwarding > UPnP

A cmd window will pop up and initialize the process. A windowed Firefox instance should soon appear. DO NOT RESIZE IT! Browser fingerprinting is a thing. Once pic-related appears you are officially browsing the darknet! You can monitor yr I2P service by visiting http://127.0.0.1:7070/ in yr *regular* browser.

Then simply copy/paste the following link into the address bar as per usual:

http://bitchan.i2p/thread/BM-2cVPN9mi9oBKATjNxKkopHJSCU9ah7wQwW/047186ce462d

You may have to complete a CAPTCHA on your first visit. Also, NEVER, EVER ENABLE JAVASCRIPT!!!!

Keep in mind that page loading takes longer on the darknet, so be patient.
--- 54601662
>>54601393
Source on these hacks? I'm not finding anything when I search. Appreciate it.
--- 54601683
>>54600772
>Someone make a bull case for XMR in 2023 please

It works and is actually used as currency with increasing frequency.
--- 54601700
>>54601662
I think hes referring to the phishing attempts made on trezor users last year, but theres more out there. Interesting stuff and a good reminder that nothing is perfectly secure.
>https://hackaday.com/2021/02/04/hacking-hardware-bitcoin-wallets-extracting-the-cryptographic-seed-from-a-trezor/
--- 54601808
Very amusing Monero FUD thread: https://twitter.com/Meister_Ancap/status/1646895305047113729
--- 54602032
>>54601808
Not much there aside from the same old worn out fud desu
--- 54602079
Brahs I want to put 100 percent of my earnings into monero but I think I'll settle for 90 percent
--- 54602184
##################################
Swimng Pool - https://pastebin.com/raw/Mb7Dyg24 
IRC - https://pastebin.com/kP1gZ1Hk 
##################################
Education - https://pastebin.com/V0SFR8qU 
Mining - https://pastebin.com/Rd1V8P5L 
Nodes - https://pastebin.com/j6Vv2Xn6
--- 54602209
>>54601808
There is some funny autismo going on, but other than that it is just recycled FUD from BTC maxis. It's almost like they refuse to apply the principles that they do when comparing btc and fiat. They are capable of writing detailed *books* on the several centuries of history of fiat money, but then give up pre-ringCT for Monero. They apply austrian economic principles to explain the value of BTC, but then proceed to give the most shallow and retarded economic arguments for Monero.
I find SoV the most amusing, how the fuck is something supposed to better SoV if it has worse utility and supply mechanics? The argument usually falls back to "look at what line did here, ignore FED money printing or actually worthy arguments based on fundamentals".
--- 54602398
>>54602209
>I find SoV the most amusing
That's probably their most brainlet argument. 
Muh "digital gold".
Bitch my gold won't disappear the second they close down the mine.
--- 54602671
>>54600987
>>54600999
>>54601008
thanks man, this is a nice addition to the thread
--- 54602799
>>54602398
Gold can never be replaced as it fills an important space, an offline store of value. maxi's have just constantly changed the narrative to suit their needs, christ, it started as a cypherpunk, p2p digital currency that was supposed to free everyone from our current system. Now they praise gensler for calling it a commodity, who the fuck cares what gensler says, wasnt that the whole point?
--- 54602811
When’re we getting rich lads?
--- 54602834
>>54602811
It's not about money, it's about sending a message.
--- 54602849
>>54602671
Thanks! If people find this one helpful i will do another one probably mid next week. Anyone with suggestions on what they would like to see for the next topic (opsec related) please chime in!
--- 54603177
>>54602811
>When’re we getting rich lads?

Next Thursday.
--- 54603218
Anime only.

https://www.youtube.com/watch?v=W0kNMGsrmrE [Embed]
--- 54603463
BTC has a finite supply, and it's price action in the last 10 years has been incredible. XMR has greater privacy and anonymity which is a major selling point, but it has an infinite supply, and has been hovering under or around $300 forever.

Can an XMR chad explain how a coin with an infinite supply can ever become valuable?
--- 54603483
I think we are still early I'm not a crypto expert but I can't make sense of top coins and what they do. So I'm guessing this is all a mirage for now that ends.

>btc
it goes up eventually it doesnt and everyone exits
>eth
I dont know what the fuck it does that linux already does for free
>tether
another stablecoin that goes bust eventually
>bnb
the chinese casino guy coin, binance goes bust eventually and CZ runs with money
>USDC
another coin that goes bust
>XRP
Really dont know, just a bunch of /x/ weirdos getting dumped by VC
>a bunch of junk
monero
>a bunch of junk below
--- 54603521
>>54603463
Dont pretend like you cant understand the difference between a rampantly inflating shitcoin and the purposeful use of the tail emission, even gold has some inflation through continued mining.
--- 54603572
>>54603463
>Can an XMR chad explain how a coin with an infinite supply can ever become valuable?
the same way gold is valuable even with an inflation rate. the supply is infinite only on an infinite time scale. on a human time scale, supply is extremely limited. there will be fewer than 25m xmr in existence for the next 40 years.
--- 54603628
>>54603521
I don't have to pretend, because I don't understand. Gold's inflation is trivial because there is still a finite supply on the planet and it has uses outside of store of value.

>Muh mining gold on asteroids and other planets
I'm concerned about things that will happen in the < 60 years I have left on this planet. Additionally even if gold were mined from asteroids there would still be a finite supply in circulation until more was discovered.

Everything about XMR seems superior to BTC, but if a retard like me is scared by the infinite supply, you can't expect any mass adoption by the rest of the world's population (also retards) unless there's a simple explanation for why it would ever be valuable. With BTC it's pretty easy to make the comparison to gold, again because of its finite supply as opposed to infinite USD, which is likely going to inflate to worthlessness eventually.
--- 54603704
>>54603628
>Gold's inflation is trivial
Gold has a higher inflation rate than Monero does.
--- 54603795
>>54603628
What we have is basically a trade off, you can have a continued low linear inflation to incentivise the miners to continue securing the network or in the case of btc, you can have an absolute capped supply where every halvening, the reward to miners is cut in half, eventually reaching zero. At that point, miners will solely be rewarded by the transaction fees, causing them to rise steadily over time. Thats bad for the people transacting(higher fees), and bad for smaller miners who will become unprofitable to mine, there by reducing competition and increasing centralization.
https://localmonero.co/knowledge/monero-tail-emission
--- 54603796
>>54603704
>Gold has a higher inflation rate than Monero does.
When you say this, do you mean that the rate additional gold is added into circulation/total supply is greater than the rate additional XMR is added into circulation/total supply?

Won't the rate of gold inflation continue to decrease towards zero (barring the asteroid/space mining scifi)? In a very practical sense, there is a fixed amount of gold in the entire universe, whereas from what I understand the same cannot be said about XMR.
--- 54603838
>>54603463
A currency must be inflationary (around 3% a year)
NPCs are scared of inflation but they should not (that's also a reason to sell BTC and ETH, shitty hype)
--- 54603969
>>54603838
>NPCs are scared of inflation
If NPCs constitute the majority of the people on the planet, are their concerns not a major factor for mass adoption of anything?
--- 54604059
What machine should I buy to farm Monero 24/7
--- 54604158
>>54603969
The average person dosent care about low level inflation, prior to the more recent acceleration, many couldnt even define it. What the average person fears is hyperinflation, they are finally waking up to the fact that the fiat in their pocket is worth significantly less than it used to be only a short time ago. This concern of parabolic inflation numbers is not an issue that monero has, as i already mentioned, the tail emission is linear and unchanging.
--- 54604272
>>54603796
>When you say this, do you mean that the rate additional gold is added into circulation/total supply is greater than the rate additional XMR is added into circulation/total supply?
Yes

>Won't the rate of gold inflation continue to decrease towards zero (barring the asteroid/space mining scifi)?
Not in a meaningful sense as gold has an elastic supply which keeps it's functional inflation rate oscillating at around the same levels. Monero's inflation actually does go down over time because the supply is completely inelastic and fixed by math.
--- 54604292
>>54604059
5950x or 7950x on the most stripped down micro ATX board you can find, with a fat heatsink, I'd recommend noctua NH-D9L or NH-D15. Ideally get decent ram as well. Boot linux from USB.

5950x rig would cost ~$700-800, 7950x rig would be ~$800-1000, but would perform better.
--- 54604295
>>54603463
>>Can an XMR chad explain how a coin with an infinite supply can ever become valuable?
>>54603628
>but if a retard like me is scared by the infinite supply, you can't expect any mass adoption by the rest of the world's population (also retards) unless there's a simple explanation for why it would ever be valuable.

The moonfaggotry....its all so tiresome.

Monero is valuable because it can be exchanged for an ever-increasing number of goods & services in the underground shadow economy. That's it. Muh immaculate conception, digital scarcity and related memes have no real-world significance and therefore have no bearing on true value, its all about UTILITY. If your crypto isn't useful to NON-investors, its a glorified ponzi token.

Bitcoin merely has the illusion of value because of speculative hype and temporary FOMO. That's it. With every Monero-only market that launches that's one less market that accepts BTC. Eventually there will be no more black markets that accept BTC, leaving it ENTIRELY dependent on mainstream economy adoption, which will never happen because govt-issued CBDC Fedcoins will inevitably be given a monopoly to ensure mass adoption. 

TL;DR: 
>can't spend BTC on the darknet, can't spend BTC on the clearnet = BTC is effectively worthless. 
>can spend XMR on the darknet, can't spend XMR on the clearnet = XMR has actual value.

Or even simpler: as long as you can buy cocaine with your coin, it has demonstrable value. Otherwise, ya dun goofed.
--- 54604322
>>54604059
>>54604292
oh and get a gold rated PSU as well, an inefficient PSU will fuck you. 
500w should be overkill unless you're attaching tons of extra shit onto the rig, but you can get a stronger PSU if you want to turn it into a PC or a server later on down the line.
--- 54604485
>>54603796
>In a very practical sense, there is a fixed amount of gold in the entire universe, whereas from what I understand the same cannot be said about XMR.

The issuance rate is fixed while the rate of coin loss only goes up with increased adoption, so XMR may well end up proving to be deflationary in practice.

Thus, you can think of tail emission as the digital equivalent of old/damaged banknotes being destroyed and replaced with new ones.

>Central banks routinely collect and destroy worn-out coins and banknotes in exchange for new ones. This does not affect the money supply, and is done to maintain a healthy population of usable currency. 

https://en.wikipedia.org/wiki/Money_burning
--- 54604680
I open https://monero.fail/map and there is 19k nodes at the moment. Last 3 years I regularry checked and only 10-11k nodes were online.

Then I opened https://www.monero.how/ and transactions are at very low level... about 500k per month. 

Any thoughts about monero such strange behavior?
--- 54605109
>>54604680
>transactions are at very low level... about 500k per month.

Ongoing DDoS attack on the darknet = less TXs. Run an I2P/Tor relay,
--- 54605149
>>54605109
ok, what about nodes?
--- 54605237
>>54605149
I'm unsure if you can measure node count well, there is Dandelion++ and all, Monero's p2p net is not meant for routing to a specific destination. See https://monero.stackexchange.com/a/2599
Also monero.how is kind of weird in terms of numbers, their fees for example didn't make sense to me (last 100 BTC transaction based on what? id in block? highest fees? when I recalculated the averages were way off).
Anyways 10k nodes doesn't seem correct for BTC, 1ml.com lists 16.4k and bitnodes.io lists 17.5k. As for transactions, see >>54605109 DNM DoS has affected this very much so. But good news, we are rebounding already and probably the bear/bulls will have a say in transaction counts as well.
--- 54605446
Z-fags seriously need to consider a career in comedy.
--- 54605465
>>54605237
Ok, I just checked https://monero.fail/map sometimes during last 3 years and there were 10-11k peers no matter what. And today 19k. What is the reason?

Talking about peers, not nodes. To be correct.
--- 54605496
>>54605465
>And today 19k. What is the reason?

With increasing adoption comes increasing node counts, just one of the perks of having an ideologically-driven userbase.
--- 54605566
>>54605465
peers are nodes
--- 54605597
>>54602811
you already know
two weeks
--- 54605626
How hard is to get cheap old optiplex, get ssd and run xmr i2p and tor nodes on it?
How much trouble will this freedom box get me with my ISP?
--- 54605650
>>54603463
The tail emission was designed to be half of golds inflation rate (back in 2014). And for any crypto, there is the concept of "lost coins". A dead man's coins can't respond to market discovery & can offset the inflation rate.
--- 54605712
>>54605626
>How much trouble will this freedom box get me with my ISP?

Running I2P/Tor nodes is 100% legal.
--- 54605736
>>54605465
Plotted the 22 dates archived from the Wayback Machine (not fancy, did it in 3 minutes), and the average does seem to bounce between 10k-13k, but there are peaks. The issue is that neither monero.fail, nor the Wayback Machine has the full picture so it's hard to tell if these were momentary increases in node counts, a sustained growth, periods of higher counts, etc. It is kind of weird but there are many plausible explanations like >>54605496 or monero.fail's node got rebooted on a different part of the network, the data is incomplete etc.
--- 54605739
>>54605496
>With increasing adoption comes increasing node counts, just one of the perks of having an ideologically-driven userbase.

So users count is growing but transactions count... going down. Where is the logic?
--- 54605818
>>54605739
>So users count is growing but transactions count... going down. Where is the logic?

Where do most users typically spend their XMR?
--- 54606047
>>54605818
you tell me
--- 54606110
i sure love scrolling past several walls of text to get to the actual posts itt

keep it up, guys!
--- 54606129
>>54606047
>you tell me
--- 54606140
>>54606110
>i sure love scrolling past several walls of text to get to the actual posts itt
>
>keep it up, guys!

My heart breaks for you.
--- 54606258
>>54606110
--- 54606386
>>54606110
Try reading, maybe you might learn something, but probably not kek
--- 54606606
>Overview of the Changes to I2P Cryptography in 2022

https://www.youtube.com/watch?v=Zo21_NtbNts [Embed]
--- 54606618
>>54606386
The best part about making walls of text is knowing that fudders don't know how to. And it's important to make walls of text so that you can remind glowniggers that they aren't allowed to have anything good in life. They are allowed to have copypastas and screenshots and weak bait and that's pretty much it. Hey that's a pretty good wall of text, not that a fudder would know AHAHAHAHAHA!
--- 54606662
the thing with moner is i feel its already priced in
thats all
i think its a good coin, just priced in thats all

sorry!
--- 54606700
>>54606662

Note how much more preoccupied the moonfag is with price action as opposed to actual adoption.
--- 54606756
who is going to adopt the pedophile/druggie coin? the gov?
--- 54606787
>>54606618
If the text walls are relevent and informative im all for it. 4chinz has more than enough flame wars and low effort shitposting in the dogcoin/tranny seethe/shitcoin threads
--- 54606809
>>54606756
>who is going to adopt the pedophile/druggie coin? the gov?

WE THE PEOPLE
--- 54606851
>>54606809
already priced in
--- 54606873
>54606851
Kek, even the id is brown.
--- 54606893
The problem of bitcoin is the speed of money, if there was a lot of transactions then the miners could reliably sustain themselves on transactions however the hodl mentality is what will literally kill bitcoin, also bitcoin probably needs smart contracts, if bitcoin doesn't have smart contracts or can't do the necessary shit that etherium does then it will die, I wonder if there are any studys to study if bitcoin economics are sustainable.


Also by the way how transactions work in xmr, what keeps a fee low and also how does the network know a transaction fee is low.
--- 54606911
>54606873
do you think pedos dont already know about xmr?
my nigger in sodom it is PRICED IN
--- 54606939
>>54606851
>already priced in
>>54606911
>my nigger in sodom it is PRICED IN

Nobody with an IQ above room temperature takes price action in a clownworld market seriously, champ.

Go play with the doggie meme of the week.
--- 54607041
Ok anon, I'm new in all this /biz/ thing, I need make money to impresse waifu, I have 4 dollars in bitcoins and I'll turn monero because I want to make money but not being tracker, that's why I want not make money investing in enxhange buying or selling shares, because is lack anonimy. Which are my opptions? Any guide for new investor?
--- 54607051
>>54607041
--- 54607066
>>54607041
just dont buy monero bro thats all
i heard its priced in
--- 54607073
>>54607066
>just dont buy monero bro thats all

This. Dog memes are where the big money is.
--- 54607187
>>54607066
so a private stable coin? 
still has more of a use case than any other crypto
--- 54607210
>Trusted technology, growing adoption

Zcash was launched by one of the most respected technical teams in the world.

Zcash is the 'https of blockchains,' protecting your freedom to save and spend as you like.

Zcash was the first project to implement zk-SNARKs, a novel form of zero-knowledge cryptography that gives its users the strongest privacy available in any digital currency.

Multiple, independent organizations are funded to innovate on Zcash.

Zcash is already available on top exchanges, digital wallets and a growing number of applications.
--- 54607238
This is what Monero chuds dont want you to know.

Buy Zcash if you actually want to make it.
--- 54607580
you will not get a better time to buy fellow gods
--- 54607635
>>54600772
The bull case for monero is the bear case for USD. When you buy monero, you're holding it for using in the moneroconomy, not for selling your bags back into USD
--- 54607709
>>54607238

>With many "privacy" coins (and cryptos in general), there is an attitude of "f*ck the government and regulators, they can't stop us!". But let's be honest, if a coin is to see mainstream adoption from institutions, government, and retail, it has to fit in and be compliant with the traditional system of laws and regulation. Zcash has stamps of approval from FATF, FinCEN, and NYDFS.

>do you really think the (small) Monero team is engaging with regulators and has regulatory compliance? Of course not.

>Zcash institutional investment will continue to grow over time (which will hugely increase the price) because Zcash has the regulatory and governmental stamp of approval.

Holy shit, I am in actual awe of how utterly cucked you trannies are. And all for the moons & lambos, not one iota of revolutionary spirit.
--- 54607763
when the Rockefellers tell the fed to go full CBDC monero will be used off grid while btcucks are stuck in their smart cities spending zcash on beyond burgers
--- 54608007
i love monero so much bros
--- 54608045
Anything that isn't PoW is a scam.
Anything that isn't ASIC resistant is a scam.
--- 54608124
>>54603628
>I'm concerned about things that will happen in the < 60 years I have left on this planet
Well guess what, 60 years from now we'll still be mining gold.
--- 54608242
>>54608007
what about wownero
--- 54608335
>>54608242
idk anything about that, XMR is all i need
--- 54608999
>>54607763
I mean if the world goes more dystopian in the end arent we Ll stuck in the same dystopian citys eating the zeh bugs maybe you may have more money because you have monero and you can spend that on ilegal items but we will all rot equally because smart citys will basically control everyone by the milimeter
--- 54609010
>>54607709
Its actually really funny because goverments would rather have etherium or other cucked POS shitcoins over something as shit as zcash
--- 54609687
>>54608975
Literally me
--- 54609787
Reminder that Monero will die unless the Zcash community licenses its tech for adoption.

Buy Zcash before the moon mission takes off
--- 54610191
>>54608999
Lemme check those digits fren. I dont know what a "smart city" implies, but i think peoplr are starting to wake up to how distopian things are already becoming. The idea of surveillance capitalism was completely off the radar the consumer and are now bubbling to the surface.
--- 54610328
>>54603218
I'm gonna coom hard to sexy monerochan
--- 54610595
>>54607709
I dont know what you mean, i though all cypherpunk revolutions had a board of directors?
--- 54610719
>>54607635
This anon gets it
--- 54611499
/XMR/ general weekly book club - WEEK 1

>>54600826
As promised, this week we read chapters 1-3 of the book "The Sovereign Individual" by Sir William Rees-Mogg and James Dale Davidson. The book is an unconventional study of society, human action, and technology and has a quite startling prediction for the future, one of radical change that we haven't since seen centuries or even millennia.

Also, I'm sorry for the multiple part post, I already cut down much of the stuff I wrote because the book is packed.

Now a brief description of the chapters:
--- 54611503
>>54611499
>Chapter 1: The transition of the year 2000 and the fourth stage of human society
> The coming of the year 2000 has haunted the Western imagination for the past thousand years. Ever since the world failed to end at the turn of the first millennium after Christ, theologians, evangelists, poets, seers, and now, even computer programmers have looked to the end of this decade with an expectation that it would bring something momentous.
The book's first chapter discusses a coming 4th stage of social organization: informational societies. The age of the nation-state will end. They predict that this change will happen almost everywhere at once, within one's lifetime, equally. The individuals who are escaping this collapsing system are referred to as "sovereign individuals", gods by the past's standards. Single individuals will now posses the same power as the largest armies if not more, and the ruling class won't take this lightly at first. This transformation will also bring the end of nations as we know it, states will rather serve as companies having to bargain with their customers, the sovereign individuals. Companies will become virtual, "jobs" will become tasks, not positions to "have". Social safety nets will seize to function. Politics will overheat and eventually drastically downscale. Taxation will be impossible to enforce on a mass scale.
The State will fight back to maintain their revenue, one of the thing the author points to is by printing money. But surprisingly they point to the emergence of "cybermoney" as the defense. The "cybereconomy" will be attempted to be suppressed by totalitarian means. The state of multiple overlapping systems of laws will re-emerge from after a millennia long break.
--- 54611510
>>54611503
>Chapter 2: Megapolitical transformations in historic perspective
>In the new millennium, economic and political life will no longer be organized on a gigantic scale under the domination of the nation-state as it was during the modern centuries. The civilization that brought you world war, the assembly line, social security, income tax, deodorant, and the toaster oven is dying.
The second chapter in turn serves mainly as an introduction to the study of "megapolics" and this is where the book's genius comes from. Rather than to try to make vague predictions based on thousands of uncontrollable statistics, the authors assert that what defines a society's structure is the organization of violence. What are the risks and rewards of employing the violence, and how well does it scale. Every time a significant shift in megapolitical factors happened, society had to reorganize itself. The book also makes the case that technology will be dominating more and more, and will be the only factor that really matters now.

>Chapter 3: East of Eden the Agricultural Revolution and the sophistication of violence
>Understanding the Agricultural Revolution is a first step toward understanding the Information Revolution. The introduction of tilling and harvesting provides a paradigm example of how an apparently simple shift in the character of work can radically alter the organization of society.
This chapter in turn goes to apply the theory laid down in the previous and shows how the Agricultural Revolution, the collapse of Rome, and the Feudal Revolution of the year 1000 had all played out. The explanation is in detail and explains the structure and inner workings of the societies before and after.
--- 54611523
>>54611510
Questions: 
1. How large is the cybereconomy is in the current year of 2023? Both in terms of people and capital. The authors predict that the population will be in the magnitudes of millions by 2025, is that still realistic?
2. Chapter 2 introduced the concept of "The Taboo on Foresight" and said that every social order must make thinking about its end a taboo. So to challenge that, how do you think Monero will end? And what will take its place? Keep in mind this doesn't have to happen in two weeks.
3. What are your thoughts on "megapolitics"? Genius, retarded, or "meh" and why? Can it be applied to Monero's governance?
4. An interesting angle I found myself taking is the monopoly (or the lack thereof) on information, as they always had some sort of place in the mentioned megapolitical changes. Though more related to how they are brought forward. Does the manner in which information is created, copied, and stored affects the enforcement and projection of violence?

Any extra thoughts on the book are obviously appreciated.

Also this is the first week we're doing this, so any problems with the overall structure should be pointed out now.
--- 54611698
there is a way to deal with the hidden inflation fud...
create a new chain periodically, by burning coins on the old chain you are getting coinbase on the new chain, then as everyone moves on to the new chain you get the anon set once more after a few transactions. this also helps with pruning old crap.

or are you afraid what you will find under the bed if you look?
--- 54612336
>>54611698
>do this massive, complex, roudabout bullshit rather than me just do the math several people have explained already

Can't see what could possibly go wrong
--- 54612362
Why is the inflation fud so popular?
It has been explained so many times yet it's keep coming back to this.
--- 54612394
>>54612362
any fud that can be spammed but takes a few sentences to explain will be repeated over and over

common jew tactic, just spam things that aren't true over and over again
--- 54613904
>>54600987
I just want to let you know that this is appreciated.
--- 54614679
>Muh China
>Muh Russia
>Muh USA
According to the Authors of The Sovereign Individual, all three are decaying corpses which will fade away into obscurity. Their prediction of the world is hyper globalized, but one where world dominating military strength is impossible, one where individuals go where they are treated best. All due to their concept of Megapolitics. I will expand on this, but first some history. Commonly accepted history tells of these ages:
>Hunter gatherer
>agricultural
>industrial
The Authors claim we are currently transitioning out of the industrial age towards a new age which they call the information age.
Interestingly, each age is shorter than the last in what resembles a parabolic curve. While the full transition from the hunter gatherer age to the agricultural age took thousands of years, it only took hundreds of years from the agricultural age to the industrial age. And now, it will only be a matter of decades to fully transition into the Information age. This parabolic change can be linked to the parabolic advancement of tech, of which micro-processing tech is currently at the forefront, launching us into the information age and creating societal change at a brain melting pace. 
This pattern of tech creating societal change is called Megapolitics. Climate and microbes also force societal change, but lets focus on tech. As tech changes, the returns of violence change. For example, in the nomadic hunter gatherer age there was no need for military, police, or roaming bands of plunderers because no one had possessions or territory. But with the invention of agriculture, suddenly there was a much higher return to violence. There were things to plunder, such as the harvests, the tools, the arable land, the villages. And so there was a need for government, authority, and military force for protection. This is Megapolitics. And they are rapidly changing.
Looking forward to read more.
--- 54615226
>>54612336
"math" can't prove your implementation is correct. nor can it prove it's own correctness it's all built on assumptions. come back to me little baby when you understand this shit!
--- 54615246
>>54612362
>Why is the inflation fud so popular?
because despite what you may believe it has never been debunked. the pathetic attempts have all shot themselves in the leg.
--- 54615394
>>54615246

Its over. Sell everything.
--- 54615548
>>54615226
ope, darn, guess you're right, time to sell everything! I guess I can use my server infra to sell feet pics, SAD!

https://www.getmonero.org/2020/01/17/auditability.html
--- 54616259
Tari is not dead: https://www.tari.com/updates/2023-04-13-update-106
--- 54617324
>>54615548
mathematicians can't even prove P != NP or that the inverse of certain operations is NP hard. we are just assuming things. and the previous attempts at "auditing" the supply are childish pranks at best.

i told you how you can audit your supply for real.
--- 54617831
>>54600807
>AlphaBay
>Archetyp
>Cloud Market
>Darkmoon
>Mellow Market

Not working. Delete them please.
--- 54618041
>>54600807
>>LocalMonero is now available on I2P

>>54600759 (OP)
>>Non KYC:
>LocalMonero

Localmonero is scam... They removed Russia from the country list and also clearnet site is not available from Russian ip.

Also Alex from LocalMonero team says that he MUST give information to police, if they will need it. He said something about law... but there is no such law to ban Russian ip. He is just liar and think other people are idiots.


Please, remove Localmonero, they ruin idea of crypto (we need to be above the govermnet and politics).
--- 54618449
>>54617831
>>54618041

Oh look, the concern troll is back.

AlphaBay will be removed soon since its obviously dead. As for the other markets, downtime isn't unusual for DNMs. Once its abundantly clear they're dead and never coming back, they'll be delisted.
--- 54618794
>>54603463
take 2nd grade math
--- 54618861
wagmi
--- 54618916
Brahs can we stop pumping for a bit so I can buy more

I want a crash
--- 54619155
>>54611503
>Single individuals will now posses the same power as the largest armies if not more
couldn't keep a straight face
how are you supposed to take these people seriously when their premise is nothing more than a small child's power fantasy?
--- 54620318
>>54618861

Comfy.
--- 54620448
I want to know what basket of goods can you buy with crypto, basically this is the consumer price index

Where can you buy cereals, flour, pasta, poultry, gasoline, chicken, electricity and gas, bus tickets as well with monero or at least bitcoin. 


https://www.bls.gov/news.release/cpi.nr0.htm
--- 54620657
Asking for a friend of a cousin of my ex wife: let's say someone was to get access to a bitcoin wallet with somewhat considerable wealth in it (somewhere between 5 and 6 figures by today's rate), what would be the best way for that someone to quickly and discretely convert that into XMR without having to go through any KYC exchanges?
--- 54620706
>>54620657
Tradeogre is popular.
--- 54620864
>>54618449
just list dark DOT fail , or daunt DOT link , as onion link sources