Monero

Sup /biz,

whats your thoughts on pic related? I've accumulated enough bitcoin and link to be comfy but I feel this is a good contender as 3rd coin for my portfolio to accumulate. Privacy coins are the future right, user?

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Other urls found in this thread:

newsbtc.com/2018/08/02/monero-wallet-bug-sees-altex-exchange-suffer-major-loss/
oracletimes.com/monero-xmr-deposits-and-withdrawals-resumed-on-bithumb-cryptocurrency-exchange/
latesthackingnews.com/2018/08/05/monero-wallet-vulnerability-loss-of-1-8-million-to-livecoin-crypto-exchange/
youtube.com/watch?v=aHTRlbCaUyM
twitter.com/AnonBabble

too much is never enough RIGHTT ARRRHHH

>Privacy coins are the future right, user?

I sure hope so because I keep buying this shit when it dips below $100

shit thats poorly audited. look it up, there were 2 bugs last month which several exchanges lost millions on.

do your own research.

>worst FUD ever

>FUD
>that devs confirmed

newsbtc.com/2018/08/02/monero-wallet-bug-sees-altex-exchange-suffer-major-loss/
oracletimes.com/monero-xmr-deposits-and-withdrawals-resumed-on-bithumb-cryptocurrency-exchange/
latesthackingnews.com/2018/08/05/monero-wallet-vulnerability-loss-of-1-8-million-to-livecoin-crypto-exchange/

How many threads do I need to destroy you in before you give it up, Pajeet?

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I unironically think that BTC, Holo, and XMR are the future of crypto for different and complimentary reasons. It would be hard to go wrong stacking up XMR while it’s cheap. It’s already got a real usecase as the preferred coin of the darknet markets as investigators have learned how to track transactions through the BTC blockchain. We saw what being the darknet coin did for BTC back in the day.

buddy, it doesnt matter if its open source if nobody is actually auditing it. how come this bug wasn't found earlier? how come the same thing doens't happen in bitcoin on the reg?

3 exchanges confirmed lost money. thats not a small oops. thats not a single setup bug. thats a flaw that should have been found before it was exploited.

XMR is shaping up to be very resilient which is what you probably want to look for. There is a few main factors that will hurt / hinder.
>Privacy by default
If you look at ZCash very few tx's are set to private. That's why they have a better regulator acceptance shot, but it also means those private tx's are heavily scrutinized because you are only 'going private' because you are doing something bad. XMR privacy by default might be a win / lose here.
>BTC may add on more privacy features
Maybe, but if it does so it'll eat Zcash and other privacy opt-in coins
>Upside based off that Aug 30 report
The prospect of fungible off shore cash may be just too sweet to pass up, and it's very possible the prices quoted there may happen. At the same time that will make XMR probably the most attacked (by institutions) coin of all because the gov wants their tax money.
I'd expect more of this by state sponsored actors, which if XMR can withstand will be a real "Crypto Anarchist Revolution"

Forget this, buy Skycoin instead.

Monero, Masari and Nerva will take over soon enough. Anyone who has used this for transactions will understand. Ease of use is paramount for mass adoption.

I like Zcash better as I find zero-knowledge proof based privacy more compelling than ring signatures. Both are good though

Grin is coming alone nicely, probably launching this year/early next year. I encourage you to watch this explaination of mimblewimble, if you are technically literate it will blow your mind
youtube.com/watch?v=aHTRlbCaUyM

>it doesnt matter if its open source if nobody is actually auditing it
Find me a cryptocurrency that claims to have zero vulnerabilities.
>3 exchanges confirmed lost money.
They claimed they lost money. Maybe they actually did. Maybe not.

Nice

Tari Will come next year too

>Privacy coins are the future
>Blockchain is the future

Pick one and only one.

they did. how else did they find out about the bug, which was only announced after?

when was the last time an exchange lost money due to bitcoins fault? not improper storage of keys, or something fucked on their end. ill wait.

>how else did they find out about the bug, which was only announced after?
Could have been one of the developers that noticed it, notified exchanges, and then updated accordingly. Some of the exchanges may have taken advantage of the bug. I'm not saying they did or didn't, just pointing out the nature of this bug could have allowed a dishonest exchange owner to steal users' funds and deny responsibility by blaming Monero. Your second question is irrelevant because we'll just agree to disagree that any Monero was actually ever stolen.

NSA Jew coin

What's the 21 BTC equivalent for XMR?

XMR has just climbed to #9 on coinmarketcap. I think it’s a top 5 coin at least.

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xmr will moon harder for longer than any other coin
our entire generation understands that if you dont want wealth stolen by divorce, unjust governments etc. you only have two options
physical assets which can be stolen or lost
cryptographic assets with by default privacy

every smart 1%er male will have 10% of his net worth in XMR in 20 years
every. single. one.

18.446 XMR + ~.2XMR per year.

This, but I only hope it will be Monero.

This makes no sense.

Blockchain is the future is basically, "We'll make EVERYTHING TRACKABLE, EVERYTHING TRANSPARENT" for example, a logistics supply chain.

It will be the coin which has successfully been tested against first world law enforcement/confiscation
There is only one to my knowledge that has passed this test

I agree with the guy above, I don't see how both won't have certain applications. Want transparency but want it decentralized? Take your pick of blockchains. Want decentralized privacy? Use Monero.

Monero is a blockchain.

Yes absolutely, but in the application sense of the term, where the street and startups are focused, it means transparency and traceability.

Not necessarily.

At this point you are disagreeing with me on something I agree with you about, but pointing out the semantics of dumb investors and founders.

No, I'm not. I'm disagreeing with your point about what blockchains necessarily mean.

>maybe, maybe not
This is your best fud-busting argument user? Just stop

I think you're pretty naive if you think exchanges couldn't take advantage of this bug. The bug did exist, but who knew about it and when is the question that we probably will never know the answer to, only speculation. Ultimately I don't really care if Monero is flawed because it's still the best option when the rest of the field is even more flawed. Maybe another Cyptonote coin will take over some day but it's unlikely that it'll ever have enough groundbreaking research to overtake Monero.

I got 40 of these things and I'm convinced it will go $1000+ when drug dealers use this as a primary medium of exchange.

user gets it. He really truly does.
You could write a book on xmr. If the Chinese kept BTC mining intact one only has to watch Mr robot to see a rogue nation state adopting xmr and giving it political might which every dissident to globalism could secretly adopt.

Xmr is opt-in transparency by proofs that are extremely easy to get even for brainlets, and is AUDITABLE.

I'm a bit disappointed in anons that
haven't furthered their technical usage with xmr. Spin up a VPS, open a hidden service, SPEND XMR WHILE CHEAP!!
Get off the shitwallets, don't use remote nodes. It's not very hard and the amount you gain in understanding while working through the daemon and CLI will equip you to ultimately make this a truly anonymous coin. (it's not untraceable , just deniable without learning about churns and resending known outputs to original sender, etc etc--get technical!)

The more people using xmr the more ring members there are, cheaper transactions can be theoretically, etc . They can't go after everyone.
So very bullish, price will be great but the implications make this a very secondary factor. This movement more than any other will make us the INTL HEROES of tomorrow.
No matter how many you have, or who you know, it doesn't matter- everyone can shine in opaque luminance. Spend the xmrs, pay the fees (it's like .40$ ATM)
default ring(don't deviate) and lowest fee

Also beyond DEX's of tomorrow do yourself a favor and consider the evolution of DNMs in the form of projects like openbazaar-- beyond drug availability (safe, trusted, encourages pioneering in the trustless anonymous shipping services of tomorrow) and being the final thing to take out violent cartels and corrupt controlling interests who ultimately take pieces away from our families/friends families and other loved ones.
Stop price gouging, stop predatory pharmaceuticals ((PURDUE))stop import tarifs from being passed to us, stop unsafe/adulterated substances, keep marijuana from becoming centralized to a few good ol' boys in a monopolized business, stop Amazon from encroaching into secondary markets, KEEP KNOCKOFFS/COUNTERFEITS from being controlled by gangsters (2t$ market to drugs .6-1t$)

Beyond having the currency to break away or severely rein-in the fed cabal, it is not enough without building the networks to spend, peer to peer, as it should be.
Whatever your political affiliation, you MUST recognize the opportunity and your DUTY to see a trustless world built on free and open software come to pass.

Point me at a community more opening and welcome to the Ross Replicants, one whose initiatives are to trickle UP like rewriting i2p in kovri (game changer for everyone)
Additionally think of the political dissidents and journalists, whistleblowers that NEED XMR to keep us from descending into the darkness! Everyday someone has a secret FISA warrant and is disconnected from receiving any help, are spammed and MTM trying to download tails browser.
We have far too sophisticated UNELECTED adversaries legislating from above us in UNCONSTITUTIONAL positions

Years ago you'd hear crack3rs and phr33kers whisper about the 5&9 eyes without any acknowledgement. Today we are so far in the jaws that they are coordinating press releases!! (anyone from australia?) making unambiguous threats regarding the need to make voluntary backdoors in encryption for "lawful access" ((OR ELSE)) these FUCKS have almost ALL the PhD math talent in the entire world and resort to gangster-tactics to quell your FIRST FOURTH AND FITH - Constitutional, nay, your GOD-GIVEN and only enumerated by ^^ INALIENABLE (only enumerated by the ..) CONSITUTIONAL rights!


It's too much to be distracted by this-coin-that-coin and dump the shitcoin on the donkey! YOURE THE DONKEY!!!
FOOLS, here you have a no-ICO no ??ANNOUNCEMENT?? tool that was HIJACKED and re-appropriated for us DARK NOBLE PRINCES

ACCEPT THIS BOUNTY AND DO NOT REJECT YOUR DUTY OR WE DESERVE OBLITERATION.

Whatever you've done, however far you've descended, I turn my cheek, and give you one challenge. Will you join me, may I join you, to cast off the shackles, only TOGETHER, and help your brother's do the same??

Empires have been built on the backs of FOOLS who were CONTROLLED as so many pieces to a great GAME.

This time, everyone fights!!

Surely our purpose would be divinely blessed, and our courage praised, our modesty mimicked by priests! Shrouded we might stand taller than all before! YOU HAVE what it TAKES. YOU are VALUABLE.

I'm ready to FUCKING DIE for the XMR-ETHOS, and ALL OF YOU..!

When the time comes, Will You STAND Together With Me, UNDER GOD,TO DO BATTLE AND INHERIT THE EARTH

link btc xmr the holy trinity, I see more and more people with such portfolios

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Why no ETH?

$20B market cap is way overvalued for what it does. I know it's one of the very few coins that actually work but with scaling postponed to 2020 and icos still holding a lot I don't see it going anywhere anytime soon. Link has a much better risk/reward ratio

Hmm...if I already have 50k link, what should I invest in next...XMR?

probably not the worst idea, but if you have 50k link, some btc you're already good, you can set some low buy orders for xmr, but I wouldn't fomo market buying everything at once for sure

Going by mcap, isn't btc also a bit overvalued? Also my plan is to DCA roughly 10-20k in a good project, then move on to something else.

yea but the thing with btc is that it serves pretty much entirely as a store of value (regardless of how much people hate this narrative) with altcoins that aren't currencies you usually value them by utility and real demand. What does eth have going for it? a few dapps?

Well, imo ETH will be the de facto smart contract platform of choice despite all the problems it has right now...

Distilled autism but I like the cut of your jib, user. Have an XMR-bro (You).