ITT: Ask a guy that just purchased 1,700 Monero (XMR) anything

Thank you for the erudite, articulate contribution you fucking sperg. I fail to see how Monero is for SJWs though. Far right fringe groups actually use Monero because it's so private. Kind of retarded to say its a coin for SJWs...

enjoy being on a list

LOL, fucking fag.

Monero and it's community are literally the shit-and-piss eating SJW cucks of the crypto world

U can mine it retard.

Why are Monerofags actual cuckolded fags? Well, you guys literally made a fat fluffypony fag so rich he bought a million dollar watch with your funds.

After there was an infinite coin exploit.

Lol XMR faggots are so fucking gay

Cuck

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what are you going to do with all that monero?

That pic looks like the phone got skull cancer.
Is that what it represents? Monero = skull cancer?

long time xmr holder
give me something to toughen up my hands

don't buy monero
faggot

what makes monero SJW?

Why would it put me on a list, I'm a legitimate investor. I'm going to claim capital gains on my taxes when I sell...

Then go mine 1,700 of them and sell them to a guy like me if that's all that there is to it.

You seem upset that early adopters are much wealthier than you'll ever be. Maybe instead of whining like a pathetic little bitch you should do something to improve your situation (like load up on XMR)

I'm going to do the same thing I did when bitcoin was only worth $75. I'm going to accumulate a fuck ton of them, put them into cold storage, and make millions when the price rises in 2-5 years.

Well, as the OP suggests its too late for that, faggot. All my prior analyses have made me relatively wealthy. I don't think my analysis of XMR to be any different. There are a lot of reasons I'm buying the shit up. I'm not going to shill XMR here, objective research and analysis speaks volumes more than any desperate shill. Do your homework kiddos

do you hold any of the following:
ETH
XLM
LINK

I have a nice little chunk of ETH i hold onto. XLM seems to be shilled an awful lot and I don't really see why it's pushed so much. I'm considering a small amount of it for diversification purposes that's about it. I'm always open to new perspectives though, if it's awesome tell me why and change my mind

>>I have a nice little chunk of ETH i hold onto
how much

Do you believe there is a third coin with a real use case in addition to BTC and XMR?

65

How many CP are worth 1700 XMR?
Tons of gibabytes?

I'm not quite sure what you're asking me.

I hold a fair chunk
From my perspective its the most important project in crypto, specifically:
- It will likely be the value transfer aspect of all the hyperledger integrations pushed by IBM
- It is the only network working on the most important tokenized assets: CDBCs
- Two price drivers are coming: increased transaction fees (which pay out to inflation holders) and state channels which are high value private transfer corridors used between CB and commercial banks

What specifically made you choose XMR? What do you think the next driver will be for a price/rank increase?

I picked XMR because privacy coins are a niche that will always have real world value beyond speculation. There is a massive demand for non-transparent digital money. State actors have already been taking advantage of Monero because of this fact. Wealthy people absolutely do not like having their wealth out in the open for public view. The way I see it Monero allows any individual or organization to become their own Swiss bank, that's one hell of a use case right there in my opinion. Also, the XMR community is very reminiscent of the early bitcoin community in a lot of ways which is quite encouraging. I'm not terribly impressed with the other privacy coins for various reasons. Essentially Monero fulfills the criteria I was looking for in my next big investment. I just wish I had bought in 4 years ago, I actually downloaded the wallet and deleted it back then because I didn't trust myself using a command line based wallet. That was a huge mistake.

tl;dr Monero might not get pumped as much as other coins in the future but I see it as a solid investment with definite staying power brought on by its extreme utility as a currency

good points

I agree with most of what you've said ITT so if you're up for it I'd love to see your portfolio/allocations. We seem to have a similar mindset

How did you become so intelligent?

Are you a 30 yr old boomer?

Unfortunately I can't share my portfolio. After I cashed out my bitcoin during the last 2 bubbles I was able to convince a few wealthy family friends and acquaintances to invest and let me collectively manage our holdings. There is a nondisclosure clause in the agreements that we made (though I can say that the vast majority of the XMR i'm purchasing is separate from that joint venture)

Not for another year or so ;)

What are you going to do when stealth ASICs destroy your network?

LARP
A
R
P
K
Y
S

>There is a nondisclosure clause in the agreements that we made
lol ok bud

>$83/XMR
>2018
pick one

How are you today?

I'm not too worried about that

I'm not sure why that's such a hard thing to believe. Unless of course you allow the people that you trust your funds with to openly talk about those holdings with strangers. Do yourself a favor and read "Wealthy people absolutely do not like having their wealth out in the open for public view"

Next time I'll add an exemption to the agreement that states I'm only allowed to disclosein order to get (You)s on Jow Forums, I'm sure they'll be totally cool with that, amirite?

>hurr durr muh NDA
>can't list off a few shitcoins on an anonymous image board
m8 you are straight up retarded regardless of what the actual truth is, whether that's a full blown LARP or not

>ASICs
>stealth
now you pick one lmao

>Untraceable ancap coin literally used to trade drugs and child porn and avoid taxes
>Literally everything lefties hate
>Puts up a sjw façade to try and dissuade them
>Jow Forums is too low iq to see past the millimeter-thin veil
Really makes you think.

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He's like a weird double reverse LARPer but every time he posts it's a buy signal for XMR.

If the price had kept dropping that was my next calculated buy in point. Quite unfortunate it didn't work out that way, MM was willing to sell 1,700 for

lol just go back to lereddit already

thoughts on btc in next 6-12months?

Always buy Monero because it's controlled by banker fucks who will always pump it.

Then always dump that shit during/after the pump.

>Always buy Monero because it's controlled by banker fucks

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>it's controlled by banker fucks

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Hoping BTC tests 4,000ish and trades sideways for an extended period to clear out some of the shitcoin hype before money pours back in. I'd also imagine that in the future you can expect the price of alts to decouple from the price of BTC a bit

>. I'd also imagine that in the future you can expect the price of alts to decouple from the price of BTC a bit
...not going to happen until there are massive fiat onramps for them

how does it feel knowing that you've secured your financial future for the rest of your life before 2020-2022?

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i think the decoupling will have to do with how exchanges allow arbitrage and who they let trade, which will determine which exchanges become homes for market makers of specific alts. how much of a tokens current price is based on its market maker wash trading it to fluctuate with btc? do you think they would want to pay fees/taxes do that on Coinbase or Gemini?

zksnarks

>Why are Monerofags actual cuckolded fags? Well, you guys literally made a fat fluffypony fag so rich he bought a million dollar watch with your funds.
this just in: investing in good tech early yields wealth. wtf faggot?
>After there was an infinite coin exploit.
yes and you can personally audit the code base to see that this exploit was never used on the mainnet. something that cannot be done with z-cash, funnily enough.
stay poor tho

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oh, you missed the juicy $84 moneros that happened this month? that's a shame.

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That image was one of the reasons I chose XMR, actually

2011 mtgox fag here. loaded the fuck up on xlm back in october after the ibm news dropped.

What r u implying monero is gonna be worth in 2022

that image is the reason i doubled down my holdings. through dumb luck i actually got my first portion sub $2. feels good man.
unirionically will be worth thousands in a year or two's time

thoughts on pinkdate?

>unirionically will be worth thousands in a year or two's time
why

give us more than that, I agree with

minimum $800-1200; i'm projecting 2-3k.
>The United Nations Office on Drugs and Crime's World Drug Report 2005 estimates the size of the global illicit drug market at US$321.6 billion in 2003 alone. With a world GDP of US$36 trillion in the same year, the illegal drug trade may be estimated as nearly 1% of total global trade.
what happens when a 2.2 billion mcap coin captures even a fraction of a percent of this market? exactly :^)

>DOGE
but why????

Fucking Bitfinex meme strikes again.
Monero is going to explode.

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hundreds of millions being pumped into chain analysis, incidents such as these: theverge.com/2018/6/27/17509444/dark-web-drug-market-money-laundering-hsi-dark-gold will only become more frequent.
but, we all know prohibition doesn't just solve problems; the financial incentive for crime/drugs/et al will always be there. so they will adapt, and monero is the clear obvious candidate for this.
DYOR but I'm a cybersec faggot and i've done mine.

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>mtgox fag

My nigga

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monero has weird dumps because anywhere from 10-30% of the network are botnet miners, so t heir cost basis is already $0 essentially.. or very low with time/effort, anyways.
this is not a bad thing. ethically grey area aside, it's actually incredible for decentralization.

I'm going to use this thread as an opportunity to dump something i found recently...

bare with me anons...

See page 16 and 17 for details here:

vox.com/2018/7/13/17568806/mueller-russia-intelligence-indictment-full-text

45 The conspirators conducted operations as Guccifer 2.0 and DCLeaks using overlapping computer infrastructure and finance:

a. For example, between on or about March 14, 2016 and April 28, 2016, the conspirators used the same pool of Bitcoin funds to purchase a Virtual Private Network ("VPN") account and lease a server in Malaysia. In or around June of 2016, the conspirators used the Malaysian server to host the dcleaks.com website. On or about July 6, 2016, the Conspirators used the VPN to log into the @Guccifer_2 twitter account. The Conspirators opened that VPN account from the same server that was also used to register malicious domains for the hacking of the DCCC and DNC networks.

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further on on page 21, line 57

57 to facilitate the purchase of infrastructure used in their hacking activity - including hacking into the computer of U.S. persons and entities involved in the 2016 U.S presidential election and releasing the stolen documents - the Defendants conspired to launder the equivalent of more than $95,000 through a web of transactions structured to capitalize on the perceived anonymity of cryptocurrencies such as bitcoin.

60 The Conspirators used several dedicated email accounts to track basic bitcoin transaction information and to facilitate bitcoin payments to vendors. One of these dedicated accounts, registered with the username "gfadel47", received hundreds of bitcoin payment requests from approximately 100 different email accounts. For example, on or about February 1, 2016, the gfade47 account received the instruction to "[p]lease send exactly 0.026043 bitcoin to" a certain thirty-four character bitcoin address. Shortly thereafter, a transaction matching those exact instructions was added to the Blockchain.

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what happens when eth gets zksnarks? monero becomes irrelevant then

Why would an existing protocol make monero irrelevant? Has zcash made it irrelevant? Just curious

no, zk-snarks is backdoor opposition garbage. pic related, really just the tweet. when lead developers say that, criminals will not use it. period.
furthermore, please refer to the AlphaBay case docket here and you will notice the difference between z-cash/zksnarks and monero.
i suppose the protocol could be proven to be beneficial though, in which case the developers have already acknowledged they will implement it themselves... monero works because the developers aren't cocky and the community actually regularly funds it.

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>For example, on or about February 1, 2016, the gfade47 account received the instruction to "[p]lease send exactly 0.026043 bitcoin to" a certain thirty-four character bitcoin address

So I went ahead and looked through the blocks on this date and found the transaction in question here: blockchain.com/en/btc/tx/0fd10a297245feac5e42cab2a58fad2f8262c4bde548c99c7e7373cfda6b65bc

Implications:
>any address associated with the above transaction, either before or after, is associated with Russian intelligence operations (((allegedly)))

If someone can prove otherwise, then this indictment could be thrown out by the court of public opinion...

In any case, Russian intelligence is probably not using Bitcoin to move money around through crypto anymore...

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This is what I was thinking of too. Surprised this didn't get more pub among Monero enthusiasts but it isn't exactly a wholesome thing to talk about. Still, if they had better opsec..
zksnarks are computationally heavy and not to be trusted. Ring signatures are "good enough" and implemented trustlessly.

im retarded, the docket is in this screenshot too. oh well.
a notable excerpt from the article i linked earlier from :
>Melendez declined to give specifics on how the department had linked client wallets to drug transactions, saying simply, “there are tools and technologies that law enforcement uses to conduct blockchain analysis.”....“The biggest selling point for the blockchain is that it’s transparent. Everybody can see it. And we can see it, too.
guess what? can't see monero's chain and it's already becoming standard on DNMs.
this is an east 10x over 2-3 years, mark my words.

it did get a thread in r/monero but it was shutdown by mods after the link to the transaction in question was published...

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zcash is a mess, whereas eth has selling points other than just being user. Monero has just the one

why did gemini list zcash?

>>any address associated with the above transaction, either before or after, is associated with Russian intelligence operations (((allegedly)))
this is exactly why taint kills coins and fungibility is so important.

If you need a privacy coin, you don't give a fuck about ETH's "other selling points." The people that need total blockchain obfuscation just need to know if the shit is going to work and if they can trust it.

> shutdown by mods after the link to the transaction in question was published...
that is chicken shit as fuck. i hang out in Jow Forumsxmrtrader more than Jow Forumsmonero though

(M)y thoughts exactly user.

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I've been wondering if i should post a medium article about this all and then repost to r/monero

but i don't want to get swatted by the FSB

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you say "monero has just the one" as if it's a bad thing, but everyone knows you ditch the pocket-knife and get a real standalone blade for any serious cutting.
same principle. true financial freedom is a hard task to achieve, anything more would be too ambitious. they're doing good work at a decent pace, and that's coming from a developer mind you. (not a monero dev, just a dev)

Listing Zcash is easy as fuck if they aren't allowing any Z-transactions. It's literally just fucking bitcoin. Coinbase will probably end up doing the same thing.

Probably because the people that created zcash get a disgusting 20% "founder's reward" that they can use to push their coin. That 20% reward combined with the emission curve are some of the reasons I stay away from it. Pretty scammy if you ask me

>but i don't want to get swatted by the FSB
do it man, nobody cares about that. i will be sharing this information with others in any case, so you're still doing gods work :)

>and not to be trusted
?

fuck ya, someone gives a shit about my autism success. lets make it happen.

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I'd actually be more interested in seeing how r/cryptocurrency would react to this. It's sometimes kinda cute to see how they react to this stuff when they learn for the first time that blockchain analysis is very fucking real.

See I mean, who the fuck knows what Zooko was actually talking about but as far as crypto privacy is concerned that was the tweet heard 'round the world.

>guess what? can't see monero's chain and it's already becoming standard on DNMs.
so you don't think ETH, given that it's already a 10x larger market, will simply take on that role once it gains privacy features?

can you explain how zksnarks is inferior to ring signatures?

but it comes down to the math/proof, yeah that tweet is suspect, but that doesn't necessarily demonstrate that zksnarks is somehow inferior

I'll be sure to post there as well, keep an eye out.

>give us more than that
you asked for it. bitcoin cash is the real bitcoin.