Is it the holy grail of money laundering? How long until it's outlawed?

you ban buying and selling of it for fiat DUH

I updated my wallet which was 190 days out of sync within 5 hours.

>a widely used dex will never exist

imagine actually believing this

i don't even hold any monero but how can anyone actually believe this isn't the direction things are going? it has a huge potential value. someone will make it work sooner or later.

Within the year.

monero doesn't matter anymore bitcoin is private

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>it will be banned from all exchanges.

this is flat out retarded, over half the exchanges are run by asians and they dont give a fuck about skirting regulations

see: binance literally moving to malta just to fuck around with their lax laws

in a space thats already enormously difficult to regulate, there will always be 10+ loopholes, no fucking way top tier exchanges refuse to list a top 25 coin

Reminder that all coins are scams except for XMR because its the only coin people use on the black market

still not as good as monero's privacy

yup in norway, he probably killed her himself.

Atomic swaps are on their way

And XMR is going to be illegal soon for that reason
When two people can get an app and exchange money with no trace or evidence at all, the government has a problem with it

t.guy who has never used dark net markets

80%+ still use BTC, at least half dont even offer XMR as an option

Possibly brainlet question....can't the government just keep taking down dex sites as they pop up?

What happens when things are banned? People desire them even more

A dex isn’t a website newfag

XSN's DEX will be immutable and allow anyone to mix BTC or do Lightning swaps to a number of other coins (LTC, XSN, Tether) without even registering an account.
The government couldn't do a damn thing to shut it down.
I see Monero being a prime contender for its DEX

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>can't the government just keep taking down dex sites as they pop up?
Actually I think this is a pretty good question. Lots of ways for governments to make it pretty hard on these guys, e.g. tracking anyone who sends btc or eth to one of these. Also note that if law enforcement of US, PRC and Europe all come down on to you then your life will suck pretty bad. IOW, not so sure that, in practical terms running a DEX is the magic "get out of jail free" card that biz thinks it is.

USG has lots of ways to fuck with you if they decide they don't like you/that you are funding shit they don't like. Interesting book on after math of 9/11 [inb4 retarded conspiracy theories] discussed how lots of what USG did was go after the FUNDING.

A decent dex is gonna be really intersting

Governments will either start losing power as crypto advances and gain more adoption, or we gonna see a massive war against them.

I bet on crypto, fuck the jews

Wow
Such brainlets

LISTEN
shut the fuck up and read for once in your pathetic lives...

When Napster came onto the scene govt said "Napster bad we're banning it". Then they banned it and it went offline because there was a master server.

When torrents can out a little while later the govt said "Torrents bad we're banning it". I can still down load torrents today.
Why don't they ban it? Cause they CANT ban p2p.

>but much cash out
Where we're going the ecosystem will be coins (btc/ltc mostly) so you won't need to cash out

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>The government couldn't do a damn thing to shut it down.
Bullshit. USG can do lots of shit to fuck with this. Can pump it full of bs transactions. Can make it so funds that get traced back to the DEX automatically flag an investigation. Can use paid informants to entrap people and throw them in jail for using the DEX. Can make it a federal felony punishable by 20 years in federal pen for using one of these.

>When torrents can out a little while later the govt said "Torrents bad we're banning it".
Bullshit. It is not a federal felony to use a torrent. TOR was actually started by USG and, who knows, but it looks like they WANT torrent working. If you have USG on your ass then you truly have someone on your ass.

doesn't matter monero isn't secure liquid or verifiable

>blockstream

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>Napster gets shut down
Morpheus, Kazaa, WinMX, and Limewire come to replace it
>Megaupload gets seized
20 other sites replace it
>thepiratebay gets shut down
Relocates to a new domain and builds anew

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meant for

>Bullshit
en.wikipedia.org/wiki/Legal_issues_with_BitTorrent
lel wat u smokin son

>tari

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monero's devs sold out to venture capital firms they're completely bought and comp'd
and you idiots act like monero is private and safe LOL

At one point bitcoin wasn't secure either, and then it was. At one point bitcoin wasn't liquid, and then it was. Monero is a fucking giant waiting to be awoken by the right set of circumstances.
Yikes.

>pump it full of bs transactions
I don't see how this is a problem in any way. The more LN swaps people perform on the wallet, the more small fees are paid to MN owners and the developer fund.
>Can make it so funds that get traced back to the DEX automatically flag an investigation
I suppose they could, but that would be a monumentally tall order. They'd have to know every wallet directly associated with it and confirm that it was indeed used to mix BTC. They barely have the time or resources to audit tax evaders owing tens of millions of dollars.
>Can use paid informants to entrap people and throw them in jail for using the DEX. Can make it a federal felony punishable by 20 years in federal pen for using one of these.
I'll believe that extreme case scenario when I see it. That would be free publicity and it would only be detrimental to whoever tried to ban it over time.

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Yes and no.It wont crash it that much, its a dangerous or highly risky asset without as much growth potential as others but that doesnt mean its not being used for example, the simple fact its being used makes it valuable. Id suggest holding 1-3% of your portfolio in it.

Some user unironically sent me 5 xmr in 2017 at the peak
Very based and made me get more into crypto

Going to pass it on to another user when I finally make it

You tards are not getting it. No one (but the movie studios) gives much of a shit about a few dorks sharing pirated copies of the Avengers.

Once we are talking about actual money laundering, funding terrorist shit, PRC and USG (among others) get much more serious and start bringing out big guns.

When the studios and music companies started taking CIVIL legal action, i.e. suing people, USG mostly stayed out of it.

Things will be very different if people start moving significant sums around. You guys are all smoking the "muh boomer government doesn't know shit about technology"

Most of this will, as always, come down to social engineering by USG rather than "tracking every single transaction in and out of the dex" i.e. paying bounty to people to turn each other in, and otherwise disrupting the network.

Actually it was on New Years right before midnight

Do you even know a single fucking thing about how Monero works?

>Do you even know a single fucking thing about how Monero works?
Such a retarded question. Here let me help you retard. Yes, here is how it works, someone holds an asset, called monero. They can then get into transactions using it.

You are, retardedly, focused on the "muh technically impossible to trace" part.

The human element is going to be the attack vector. If USG makes it a felony to use Monero they can make your life fucking miserable if you try to use it to buy one sex doll. You are retarded if you think otherwise.

u sound more idiotic with each post
go sit in the corner and lurk moar

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have you ever tried using the wallet? it's garbage

>u sound more idiotic with each post
>go sit in the corner and lurk moar
Great points and typical biz arguments.

We have a lot to learn from you. We should all lurk and sit at your feet.

You fucking moron are convinced you have a cloak of invisibility. Do you understand that most security breaches are not the result of technical breaches, but social engineering. Do you not understand what happens when someone on the other side of a transaction turns you in?

You're incapable of responding to my post, but feel the need to keep running your mouth.
Bitcoin dark markets have existed for years at much larger volumes than Monero let alone any DEX. All throughout the time it was still assumed to be anonymous, there was only so much they could do. For that matter, stacks of USD are considerably more efficient for funding terrorism. None of these social engineering tactics have done shit.
Sure, they might go after very large transactions (>$10 mil in one pop) to prove a point, but they would exhaust themselves trying to shut down crypto - especially DEXs

If they jumped on it before 2012, they may have had a chance. Now? It's too late. Far too much with any one coin happens in places far outside any one particular country's jurisdiction. All banning it would do is give it free publicity

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>None of these social engineering tactics have done shit.
I suspected you were full retard but now it is confirmed. You have NO FUCKING IDEA what shit has been done to shut down money laundering.

Ross Ulbricht is sitting in solitary confinement for the rest of his life because he thought he was smarter that LEO coming after him.

Best of luck to you but I hope other anons understand the stupidity of your "I am invincible" attitude.

not gonna make it

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>Such a retarded question.
Not really a retarded question seeing as how every single boomerish part of your redditspaced horeshit speculative blogpost indicates one iota of technical knowledge.
>here is how it works, someone holds an asset, called monero. They can then get into transactions using it.
Yes, this is how digital cash works. Looks like you conveniently left out any technical details about how Monero becomes broken though.
>You are, retardedly, focused on the "muh technically impossible to trace" part.
That's the reason this thread even exists.
>If USG makes it a felony to use Monero
Imagine the government trying to craft a law in such a way that applies very specifically to Monero but not a fuckton of other cryptocurrencies. Something like this would be unprecedented and completely unsuccessful as long as open source software and the internet exist.
>You are retarded if you think otherwise.
There's only one retard in this conversation and I have bad news for you.

>the guy that ran the Silk Road and trafficked every illegal drug under the Sun all over the globe got arrested so everyone that uses privacy coins is guilty of the same thing
Cherrypicking 101. The more you fail to argue with substance, the more you get increasingly emotional about your big daddy government. Then again, you did hurl out childish insults and use CAPS, and if that isn't the finest way to argue a point, I don't wanna know what is.

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If "the gobermen ban it" is the best FUD you fags have got then this shit is going to 5 figures easy

I have been trying to warn anons. Unless you want to go to a high security prison in the United States, do not use monero. I repeat DO NOT use this terrorist coin. You guys talk a big talk online about muh privacy, but you will end up in prison alongside terrorists. Freakin brainlets.

PROVE I USED IT.
PROTIP: YOU CANT

Ever download a monero wallet? Ever search for monero on google? Yea, you’re on a list retard. Oh guess what. Monero isn’t private. The team sold out to the government and the code is full of backdoors. Go check for yourself

Monero was sabotaged by its devs, it's a coin on a death row.
They're forking to the cpu pow. One guy is easily going to be able to 51% monero, for one hour, at the cost of ~$10k on spot ec2.

Threadly reminder that the people that post this kind of stuff are paid operatives, government employees, or just really unfunny trolls.
There's already a RandomX Nvidia miner that's hitting like 80-90% of its CryptonightR hashrate, so no. We'll see if an optimized AMD can even be developed. GPUs will take a hit for sure but all of the speculation that GPU mining would completely die looks like it's going to be wrong.

Hashrate is not a unit that can be compared between algorithms.
monerooutreach.org/stories/RandomX.php
According to this, Ryzen 7 1700 is almost 4x faster than 1080 ti.

Who cares if I’m a “paid operative” what I’m saying is true and will happen

Personally I think the Monero team is the old Bytecoin team who had to find a way to salvage their scamcoin after it was outed they premined the shit out of it and tried to hide its age.

EOS is the only improvement to ethereum that's worth a damn. Not a bad investment but I hardly think it's going to revolutionize the world.

>Is it the holy grail of money laundering? How long until it's outlawed?
You can use mixers, monero, etc. all you want but you need to cash out eventually...How are you suppose to explain the source of the crypto when you go to cash it out to fiat to a bank and the IRS?

>i found these million moneros on a used hard drive sir

You better pay your tax sir. If you hold it over a year it's only 15% which isn't too bad especially if you have millions like you say. You make a lot of money, and the IRS/goverment agency makes money. Win-win! :)

You people really underestimate the whole cashing out problem. The world will not be using Crypto for anything for a long time, and cashing out as it is RIGHT NOW is ALREADY hard enough. Make one wrong move and Coinbase or the IRS steals all your money.

>Hashrate is not a unit that can be compared between algorithms.
Hashrate is just a unit of measurement for how many attempts per second a miner makes trying to solve a block. In this case none of the other parameters of the actual Monero blockchain are changing so of course the hashrate can be compared.
>According to this, Ryzen 7 1700 is almost 4x faster than 1080 ti.
Completely outdated. See:
github.com/SChernykh/RandomX_CUDA
Why would anyone believe what you say if you're being paid to say it?
I don't even know why you would believe this. Everything about Bytecoin suggests a lot of the scammy shit was done in secrecy including their refusal to ever admit publicly that they were scamming people. Monero was basically created out of the outrage that the Cryptonote whitepaper was being shit on by the mere existence of Bytecoin.

OP needs to read the definition of money laundering before making stupid threads on this garbage board.

As long as people mine those blocks and have access vpns and the software and wallets, and have options to buy or sell its futile to ban it. Just look at the drug trade and human trafficking, billions in funding and it still happens daily in more than 100 countries.

desu I hate the fucking US government but not achieving financial freedom just because you have an autistic issue of giving the US gov a few million (chump change to them) to achieve true freedom that's the real cuck.

Because it’s true you fucking brainlet. Anyone with any intelligence understands

>Anyone with any intelligence understands
That the open source code is backdoored? literally lmao

bisq.network is already a thing

Not sure if this is a feeble attempt at FUD, or you're just this retarded. I can assure anyone that reads this that the notion of putting a back door on software that IS PUBLISHED IN THE OPEN ON GITHUB is probably the dumbest person in the room and we should all point at him and laugh.

>t. monero developer.

ITT: people who understand XMR and love it and government operatives trying to FUD XMR because they can't track transactions.

maybe if there were less faggots like you that wanted shitty fiat and more true crypto visionaries, people wouldn't even remember when cucks like you "cashed out to fiat".

Crypto was created to be your own bank. All you faggots do is send funds to and from exchanges. Go out and fucking trade your crypto for goods and services you stupid nigger.

there is a single way to track transactions. and it is all thanks to exchanges. but if you keep your monero off exchanges, you have nothing to fear.

Check for yourself before making statements like this. Have you actually spent the time to review the code? Probably not you just take people word for it mongaloid

Be very skeptical of anything that comes out of Norway.. it is a very corrupt country. The state is staging things all the time in order to get its will.

Checked. Who the fuck uses exchanges to cash out? Pathetic noobs. Monero was meant to be digital cash. It's going to be more valuable when traditional fiat collapses. I'll be a fucking trillionaire.

monero is backdoored, fluffyphony told me

>Have you actually spent the time to review the code?
I've checked it and about a million other people have checked the code. It's pretty fucking simple enough to do. It's right there on github if you want to take a look yourself.
I haven't really given much of a fuck about all of the BSV/CSW threads that have popped up since it forked from BCH but I do have to say that there is a huge coincidence to the timing of these retarded "Monero is backdoored" kind of posts and all of the BSV spam we've seen infest the board.

>there is a huge coincidence to the timing of these retarded "Monero is backdoored" kind of posts and all of the BSV spam we've seen infest the board.
what if craig and roger are cashing out their bsv pump gains to xmr

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>what if craig and roger are cashing out their bsv pump gains to xmr
The only one of them that would pump XMR is Calvin so he can buy more prosties.

I rarely post but I have to say, you're a fucking glow in the dark nigger retard paid shill mother fucker nigger.

Actually, very valid point. I find it suspicious too.

dexs dont exist. and wont ever exist. distributed db is still centralized.

Yeah, that’s why the US took down Swiss banks. Oh, wait.....

lmfao you know nothing

>Yeah, that’s why the US took down Swiss banks
Great point, genius. Please talk out your ass more, that is a big help.

fedortax.com/resources/swiss-banks-give-up-u.s.-customer-names-under-government-pressure

In fact US Government has gone after the swiss banks in recent years and swiss banks have started to cave.

haha, a centralized entity squeezing another centralized entity. too bad monero is decentralized and it's inherent features stop anyone or anything from even uncovering account balances at any given point in time. imagine being as retarded as you.

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also, need i remind you that the tide is shifting to privacy acceptance in congress and courts.

>I can assure anyone that reads this that the notion of putting a back door on software that IS PUBLISHED IN THE OPEN ON GITHUB is probably the dumbest person in the room and we should all point at him and laugh.

Actually agree with this. Two levels of moron in ITT.

Level 1 EXTREME moron:
Believes that there is back door or stupid shit in Monero. Many many many eyes looking at this code, that is open source on github.

Level 2: Non moron on technical issues but moron as to real world issues
The rest of you tards that think your cloak of invisibility is going to work and want to keep the debate on technical issues. (Include dumbass tard "namefag" who picks a name like "DarkTrip" based on a D&D campaign he was on where he got some cool magic items) This is not purely about technical issues. First, because, as has been repeatedly explained to you, when it comes to money laundering, then there are lots of folks in government/military who will go to extreme measures.

Another issue is that if it is made illegal then NO this is NOT like marijuana where that is only going to drive demand. Most normies like getting high and they like getting drunk, so making those illegal was stupid in the face of huge demand. Most normies do not give two shits about privacy, as shown by their willingness to put their whole life on Zuckerbook. Privacy coin is not a big deal to them. they don't give a shit. Main use case for monero in short to medium term is HIDING ASSETS, for example from your soon to be ex wife. Yes, some folks are going to do that, but for many, making that ILLEGAL adds a whole layer of shitfuckery that they don't want to deal with.

Currently, if I hide assets in a divorce proceeding I can face civil penalties but not criminal penalties. So, atm we are already seeing crypto assets come up as issue in divorce proceeding. But if all wife has to do is find evidence that husband has some monero and that in and of itself is a crime, thatis different thing.

IOW yes monero is cool technology, and it is retarded to fud the TECHNICAL issues wrt to monero.

But if in fact it was made illegal then, as a practial matter, it becomes purely a fringe item that a few crazy fuckers use. There's not going to be some groundswell of adopters jumping on board. Only hope for monero to reach anything like mainstream adoption is if it remains legal.

>also, need i remind you that the tide is shifting to privacy acceptance in congress and courts.
absolutely moron tier and you have no fucking idea what you are talking about. Lots of normies freaking out about crypto and freaking out about terrorists about to jack their shit.

Level 3 Moron: You
>money laundering
this is already done without monero, every single day
>normies dont give a shit
good, this is for big money who cant use swiss accounts anonymously anymore or need to move large amounts without anyone but themselves knowing
>crypto assets, wife finds out
if the husband is competent enough to buy and wallet monero in the official wallet, im sure hes competent enough to not let wife ever find out.