/XMR/ - Monero Thread:

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they lost a shit ton of money due to it left a rightfully sour taste in their mouth

and bugs continue to appear

monero, the buggy liberal sjw coin

>lots of motivation for governments to shut it down. its existence is basically an aggressive affront to governments and regulators.
>fluffypony
>uncapped supply, making it hard to ponzi fomo new investors
>darknet markets (the most applicable use case ever) still use Bitcoin mostly, which proves that liquidity is more important than privacy in people’s eyes

example of a bug?

They only claimed to have lost Monero. They never actually proved it because they can't for any number of reasons. Seems like just a convenient way to scam people for their Monero when they have no way to fight back.
>uncapped supply, making it hard to ponzi fomo new investors
How is this a bad thing? lmao
>darknet markets (the most applicable use case ever) still use Bitcoin
Honestly any DNM using Bitcoin should automatically be assumed to be a honeypot.

google them, i dont keep up with this shitcoin. i do see new bugs found on a regular basis but i dont click and read about them. im not invested in it.

OP asked for a flaw and i named the biggest one im aware of, the bugs.

IM SORRY MONERO WE BULLS AGAIN GOING BACK TO BTC

not being used by existing financial institutions
>that's where the money is

>Liquidity is more important than privacy in people's eyes.

Really? How good was liquidity for bitcoin in the silkroad days? Also if you are actually using monero how often would you go from crypto to fiat?

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checked

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nice, just lost an unknown amount of monero in a boating accident

Found the ripple shill

hahahaha found out
>no shame

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Not exactly a flaw, but I think they should try to improve scalability on chain istead of going for the second layer.

If a good solution presents itself.
This why moneros ability to hardfork without contention is such a big tick and especially for a PoW coin.

>How good was liquidity for bitcoin in the silkroad days?
What’s your point? Bitcoin was the highest liquidity coin during Silk Road 1.0 days.
>Also if you are actually using monero how often would you go from crypto to fiat?
The drug dealers need to restock. Mexican cartel dealers only accept fiat, so the darknet vendors need to cash out often. Hence Bitcoin.

Ring signatures of size 11 are not enough for full sender anonimity and until XMR offers absolute privacy(only sender anonimity needs to be fixed) it will not be used anywere, no one wants to be answered with "its 1/11 chance u go to jail"

XRP -"muh bank coin"
Doesn't even have a wallet.

Wownero - literally 'fuck you' troll coin
Has a wallet.

other than I'm financially ruined it's great!

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Obviously it was the highest liquidity coin. My question was how good was it? How easy was to get in and out? As easy as it is today?

>ASIC *resistance"

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Thats correct

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I'm really sorry if your coin is controlled by Bitmain and ASICs.

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You wouldn't even know what transaction to look for in the first place. The whole 1/11 ring size thing never really applies to a real world scenario.

Monero has an unstustainable development method. It will suffer from the same forking and community bickering that ended Bitcoin.

Dash is the coin you should be in.

Screenshot this. 11/28/2018

lol

ill pick one up sub 50 in 6 months.

>Dash

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New monerujo version is out. It has an open node scanner! Hot.

it does, especially since all exchange and coinbase transactions reveal everything about them.

How many xmr to make it?

This shit is about to blow up. For the first time in history, the US has sanctioned a bitcoin address. We need a fully anonymous crypto and this is the best one there is. Now is the time to get the fuck in. I'm glad I didn't wait like a retard.

Shill

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Fuck yourself. I'm ready to moon. Bitcoin has no long term sustainability but XMR does because of it's anonymous nature. Looks at the types of deals crypto is currently used for. We need a fully anonymous currency.

My god user you weren't lying.

bloomberg.com/news/articles/2018-11-28/u-s-exposes-bitcoin-users-addresses-in-iran-cyber-sanctions

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I agree with you. Get trolled.

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1. Coinbase transactions would never be truly clandestine in nature, so that's not really the context of what we're talking about here.
2. Exchange transactions not being properly mixed are an issue with centralized exchanges revealing user info, not really a knock on Monero. Everyone knows exchanges are the weak link.

>that picture
lmao shit bitch X'D

70%+ of XMR transactions are exchanges, if any agency wants to track XMR users they will get access to those transactions and reduce the privacy set of the entire blockchain by removing ring members that they know arent real. XMR is the best shitcoin at the moment but until it replaces ring signatures or makes the ring size in 1000s+ its basically pointless to argue it offers privacy since privacy is either absolute or not there at all.

500

>70%+ of XMR transactions are exchanges
Any source on your claim?

scan the blockchain for transactions that have unencrypted payment ID.

Here you are implying that only exchanges are using unencrypted payment IDs.

This scenario still involves exchanges. If something like this were to come to pass, Monero users would just churn the fuck out of their wallets to create thousands upon thousands of new outputs that never had anything to do with an exchange transaction to increase the set of non-compromised outputs. Or alternatively mandatory ring sizes would be increased by some large factor as you mentioned. Ring signatures are a compromise but they're the best trustless setup mechanism for fungibility that I'm aware of.

As to your last comment, privacy in the digital age is never absolute. It's a constant cat and mouse game between attackers and defenders. As long as there is a possible way to break some kind of security, there will be people trying to do just that. Monero has always worked through plausible deniability. It's not perfect but it is most definitely the best there is right now.

Max supply is a meme that leads to hoarding and economic stagnation. Currencies need stability and liquidity.

True af

>true
Check and don't be a brainlet.

>Still owned entirely by giant pools.
Oh user.... Please don't tell me that was supposed to be a ground breaking rebuttle. Having lower mining efficiency, network security, and still having centralization isn't something to be proud of.

>owned entirely
Not any of those pools has more than 50% of the network. So, fuck off.

>50% of the network
Bitmain doesn't with bitcoin although they are close. But they don't control 50% of Equihash coins either which are ASIC mined as well.

ASICS don't necessarily mean centralization. Just efficiency. Like standard mining it requires competition. Although PoW in general is honestly some worthless shit and I'm not huge on the lack of concurrency in blockchain. Inefficient.

>ASICS don't necessarily mean centralization.
Bitmain most likely owned the majority of Monero's hashrate for like 6 months. See

>he doesn't know
>he's heard of them
>3 post be this I'd
Dero shills are getting desperate

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It took me two days to download

Honey Pot coin. >.<

Heard rumors large amounts of Monero were moved and careful people got burned.

idk anything about dero, not invested, i think its kinda a copy of monero but idk, sounded like a scam so never researched.

> binance
> anonymous money
Pick one

So it wasnt a bug with their wallet then....

i don't want this early mining fat fuck to get even richer and become a literal billionaire by dumping his bags on plebs, and for that reason, i'm out.

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Neither is grin, genius

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the joke here is that monero devs already announced they would implement mimblewimble if it worked.
shitcoins like grin are just a training ground and will exit-scam after having done the groundwork.