What is the best cryptocurrency and why is it Monero?

This entire thread has almost stunk up my entire house worh goat curry street shit

I hope you all die soon

localxmr or some other service for fiat buys?

I’m a poorfag how many XMR should I get to reasonably have a good life

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i have a little over 100 and feel kinda comfy
but i feel some more would be better
atm using my monero to margin buy more monero
so im full into monero

serious question. from what i can tell, monero is straight up better than bitcoin, it is what 'bitcoin was meant to be' as so many people say. so should i still invest into bitcoin? i feel as though bitcoin won't go away any time soon purely because it was the pioneer and the most popular coin

Can't beat a good korma, homie.

fuck off nocoiner laggard

He made that statement because he sees XMR like paper money. (anonymity of transactions as well as amount carried/stored wise)

When BTC mass adoption comes with LN, KYC regulations, censorship and pretty much loss of complete financial privacy to governments, it will be privacy coins, which will be used to hide wealth from third parties. It will be also privacy coins, which will be used as a medium of exchange where the transaction shouldn't be public information. In the digital faschist future, I'll be using XMR to store my wealth, DEX to convert XMR to BTC or whatever most vendors are accepting at that time to purchase goods.

>no supply cap
Irrelevant if you look at the emissions curve. There will never be more than 24M Monero in our lifetimes.

I am a core contributor to XMR along with other cryptonote currencies. I am currently working with bisq to integrate XMR as a base trading pair on their dex. Soon bisq which runs on the TOR network will have a fiat to XMR gateway where you can buy and sell Monero for cash.

FYI, dero is a joke. Their only claim to fame is they rewrote our code base in golang making few if any changes. They have been clinging to our coat tails hoping to gain some sort of notoriety and ran closed source binaries for a greater part of this year. Do not trust them.

what do you think of ARRR?

never heard of her

FPBP

pirate chain

You are on the right path, I think. I'd say put a small amount of money into BTC/BCH and the rest goes into XMR.

>my uncle works at Nintendo
Fresh, nice FUD pasta coming in.

Roughly 150-200 XMR

One thing to consider is that the best and most well paid devs are working on Bitcoin at the moment. I wouldn't rule out that they solve the fungibility issue somewhere down the line. After all, Monero wasn't always fungible from the get go.

the inflation rate will be less than 0.3% in 2050 user. it's deflationary until about 2021 and negligible for a long time.
but please, by all means, stay poor.

because this is the currency of tax dodgers and capital control evaders, and tax dodging is a several hundred trillion dollar industry.

The current tax dodging solutions are terrible also. Like those chinks buying houses in australia and canada. They are really having to jump through a ton of hoops to get their money out. Im guessing they dont want to deal with all that. If they knew more about monero they would likely consider it thw superior option.

I fully expect monero to 500x from its current position in the next 10 years. Maybe even way more, like 100,000x. Over half the worlds wealth is stored in tax havens. Imagine if half the worlds wealth was stored in monero.

>atm using my monero to margin buy more monero
How does this work exactly? Who are you using? How can I get in on this?

they claim to have sharding working though. Is this true?

I mine xmr and I'm cpu-mining xnv. What do you think about it? I like the concept of pool and gpu resistant as further decentralization.

Kraken.
Kind of an untenable mining model. People won't be interested in solo mining once difficulty hits a certain level.

Yes, they say people will do it in the background if the reward is high enough

Satoshi and the main Bitcoin early adoopters and devs also said to use it as cash, not as digital gold. Things usually don't go the way the creators expected...

Maybe, but what kind of hashrate can this kind of background mining even provide? From a network security standpoint you want people investing serious money into mining hardware to make the network more difficult to attack.

What is the best Cryptocurrency and what is it ZCash?

Oh, I remember! It's going on Coinbase!

XMR BTFO

We're speaking about legit privacy coins, pajeet. GTFO, brainlet.

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NO CURRY

>le coinbase listing
Just look at all the other coins that pumped and dumped because of a coinbase listing. Can't wait until zcash is under xmr again. So keep praising that coinbase listing pump and dump, chump.

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>monero
>the best

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Bitcoin is getting ct at some point. Why do you think blockstream is pushing Liquid with confidential assets and ct? And looking at interviews and comments (back, wuille, poelstra), it's pretty clear that there'll be a puch for ct on bitcoin. Just no untested tech like monero does it.

9 year old coin first in existence. That's had almost a decade of revisions and fixes.
Vs a 4 year old privacy coin that's proven it's worth via actual currency usage that btc was supposed to provide. Yes it has bugs and yes it has its downsides but it's still better than 90% of crypto currencies available at this point in time.

Kek

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Yeah, I'm a monero fan. Just tired of annoying shills.

>Imagine if half the worlds wealth was stored in monero
monero is my coin of choice, but you are fucking delusional.

Those "best and most well paid devs" circle jerk in all eternity about their Bitcoin maximalism with no end in sight before they do something about the currency's progress.

This. Cryptospace is evolving at a rather quick pace.

>monero not auditable, will never gain mass adoption
>monero not auditable, critical money-printing bugs can't be discovered
>people tricked into believing they are using anonymous crypto although it might be cracked in the future and become completely transparent
>hashing algorithm that works well on common CPU/GPU, making botnet viruses profitable

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>Bitcoin getting ct
>can't even change a simple block size
kek

CT is a softfork, brainlet. Block size increase is a hardfork. Big difference .
Monero is a buggy testnet with no users compared to Bitcoin.
Keep coping.

>Monero
>buggy testnet

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>hashing algorithm that works well on common CPU/GPU, making botnet viruses profitable
But that also secures the network. Botnets decentralize the network hash and spreads it across thousands of systems rather than hundreds. But yes mining malware is an issue, and the devs are trying to come up with a solution that doesn't hurt the mining ecosystem. I believe they're gonna stop cpu mining to cull the botnet miners but when who knows.

Oh boy 4k transactions daily means no users? The transaction volume is increasing slowly user, the fees are lower than eth and btc. People are starting to take notice since it doesn't cost 50 cents to send 1 dollar worth of monero.

I did say half of all wealth was the high end. 500x in 10 years is very realistic. Conservative even. Bitcoin did far more than that.

>500x in 10 years is very realistic
that would imply a market cap of roughly 2.5 times BTC's record. possible? yes. realistic? it would need both moneros complete domination over other crypto (what chance are you assigning to that? 5%? 1%? .1%?) and a simultaneous much bigger adoption. very improbable for both to occur.
basically if everything is going dandy in crypto there is no reason to abandon the flagship bitcoin, and if everything is going to shit and only coins with actual usability like monero survive, the market cap will not be gigantic by definition. maybe after an implosion and re-buildup, but out of all possible scenarios, how likely is that? you may not be seeing it, but you are betting on a 1:10.000 or even worse.
>Bitcoin did far more than that.
no, it did not.
bitcoin had a record market cap of ~300 billion $.
the price you are stating is almost 3 times that.
also keep in mind that states do not like monero. if it reaches a ridiculous market cap it will simply become outlawed and then become a niche thing again (like it is now), only traded on shady deepweb exchanges etc.
i guarantee no one is going to allow it to just become the world currency, this is just a childish delusion.

cont.:
and again, i'm not fudding.
i see it as undervalued in respect to other cryptos and i like the idea behind it.
it's just that by definition what makes it so strong (privacy) will simultaneously keep it from becoming the world currency that you propose.

I already explained my logic. They made tax dodging illegal and look how well that worked out.

And yes, it will beat bitcoin and anything else that doesnt have a real use. Monero actually serves a purpose. Keep in mind the entire crypto economy will greatly expand in 10 years, not just monero.

>They made tax dodging illegal and look how well that worked out
they catch tax dodgers all the time, what exactly is your argument here?
the more cryptos will become a threat in terms of tax evasion, the stronger states pushes against crypto will become.
i share your belief that crypto will massively grow and i am convinced that the next world currency will be digital, but i don't see how it could ever be one that simply isn't controlled by the powers that be.
if monero actually got extremely big, media would massively slander it, the state would show its ugliest side by taking any measure necessary to scare people out of holding it etc. etc.
no, i think the next world currency has already been premined and will be somehow given out when the dollar dies, with all other cryptos possibly becoming illegal.
your whole world view seems to be that the banking elite that controls the planet will simply shrug, walk away and accept peoples sovereignty somehow.

HALF
OF
ALL
WEALTH
IS
IN
TAX
HAVENS

All of that is tax fraud. Every penny. They didnt stop shit. Tax law just keeps the npcs in line. People who think dont pay taxes. They could make monero incredibly, full on prison-sentence illegal and people would still use it.

>your whole world view seems to be that the banking elite that controls the planet will simply shrug, walk away and accept peoples sovereignty somehow.
They dont have a choice. They cant stop the internet. Remember when they banned child porn? You can still go find child porn. And bestiality and the anarchists cookbook and alex jones and photos of the tank man and drug marketplaces and every other thing thats ever been banned on the internet. No one can stop it no matter what they try. I dont care how rich and powerful they are, no one can stop it. No one.

>Not deflationary

Considering we have absolutely no clue what the yearly "loss" rate is for Monero (e.g. wallets where the owner loses the password/keys), the small increases in the Monero supply could easily be smaller than the real world losses.

The small built in inflation is actually smart as it helps to balance somewhat the losses in unaccessable wallets.

I remember someone did this during the Bithumb pump and unless they bailed out or found more money to fund their margin account they definitely got completely wrecked. I remember because I bailed out of the same trade. Considering xmr has at least a 1000x in it I don't think margin is a risk worth taking. Monero is extremely volatile but always going up on a log scale. Terrible thing to margin on.

sounds interesting tho

THANK YOU COMFY RICCARDO
This is some of the weakest FUD I've ever read. Botnets are not Monero's problem and I believe they've had some mega-bounties up for grabs for a while for anyone who can discover a Monero-based emission bug.
>it's just that by definition what makes it so strong (privacy) will simultaneously keep it from becoming the world currency that you propose.
Monero will never be a "world currency" but you're shortsighted if you can't see a scenario in which it displaces Bitcoin as the primary cryptographic store of value. If super wealthy people start seeing the value of locking up funds in crypto then they're going to demand total privacy and that is most certainly not possible with Bitcoin at the moment.
>no one can stop it. No one.
Well, I do worry that Monero's hashrate isn't high enough to stop a possible "balls out" attack if a well funded three letter agency got determined to shut it down by relentlessly 51% attacking it. I don't know what that would cost at the moment (it would be enormous even though Monero is fairly small) but it wouldn't be impossible.

He said don't buy Monero if you don't have a use for it. He said it for brainlets who just just buy things because someone says to and then blames them when it goes down. Also stops brainlets who just do what other people say in general from buying since they just take it at face value like an NPC. Store of value is a valid use, fluffy has even said that.

>you're shortsighted if you can't see a scenario in which it displaces Bitcoin as the primary cryptographic store of value
i absolutely do see that scenario, which is why it's my main coin. i was simply arguing against the numbers put out there (x100.000 / "half of worlds money supply") and put a ceiling on the kind of market cap we could possibly expect, because at some point it would (globally) get banned, publicly demonized and make a retreat to dark web activities/exchanges.

>dark web activities/exchanges.
>dark
I like that feel. Owning privacy coins on my ledger makes me think that I belong to some sort of an obscure underground subculture although I don't.

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>mined by ASICs
kek
Stupid decision to remain with the old CryptoNight algo, along with the shittycoins Sumo and Electroneum.

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I hold 1k of DerelictCoin, just in case. Don't you think that the devs have a point when they claim that the hashing power of ASICs is needed to provide security for the network?

No. Why would be necessary?

THANK YOU COMFY RICCARDO

>security for the network
Bitmain have a permanent 51% attack on the network. That's the opposite of security.

>only traded on shady deebweb exchanges

What about the time between BTC whitepaper and MT Gox being founded?