Thread 60747979

Welcome to the /XMR/ Monero General, dedicated to the discussion of the world's most widely adopted privacy coin.

Monero payments are anonymous, low-fee by design and fully fungible, meaning users can send XMR globally without issue and receive XMR without having to worry about tainted coins. Battle-tested privacy tech (Ring Signatures, Stealth Addresses and RingCT) ensures that critical TX data cannot be gleaned from the Monero blockchain. Thus by default, the TX history of all Monero users is kept hidden from the prying eyes of adversaries, with TXs being optionally transparent via the aid of a view key.

Monero algorithmically ensures low TX fees by employing a dynamic (elastic) block size that can "stretch" to easily accommodate sudden TX spikes.

Monero's bespoke mining algorithm, RandomX, is optimized for devices using general-purpose CPUs e.g. desktops, laptops, smartphones, tablets, keeping the barrier to entry low and ASICs out of the equation.

Monero's tail emission - 0.6 XMR every block forever - financially incentives for-profit miners to keep mining, helping boost long-term network security. This constant linear inflation asymptotically trends to zero and is offset somewhat by a steady rate of coin loss.

Monero has thus far proven to be the only altcoin capable of overcoming BTC's network effect by driving it out of the darknet economy BTC dominated for over 10 years. Monero is now also starting to overtake BTC in clearnet commerce as well. See below.

If you still have questions, feel free to ask and a MoneroChad will be with you shortly.


XMR Redpill: https://yewtu.be/watch?v=wq6w03E2DS4

XMR Resources: https://libereco.xyz/resources/

XMR Stats: moneroj.net

USE XMR: https://cryptwerk.com/pay-with/xmr/

OFFICIAL WEBSITE - getmonero.org

WHERE TO BUY XMR: https://i.imgur.com/XdppsQ7.png
Crypto ATMs: see kycnot.me

>MINING
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official GUI/CLI
Featherwallet

>Mobile
IOS: Cakewallet
Android: Monerujo

PREVIOUS THREAD: >>60714190

START MINING IN P2POOL
>START MINING IN P2POOL
START MINING IN P2POOL
>START MINING IN P2POOL

P2Pool combines the advantages of pool and solo mining; you still fully control your Monero node and what it mines, but you get frequent payouts like on a regular pool.

P2Pool has no central server that can be shut down/blocked because it uses a separate blockchain to merge mine with Monero. There's no pool admin that can control what your hashrate is used for or decide who can mine on the pool and who can't. It's permissionless!

Decentralized pool mining (P2Pool) is pretty much the ultimate way to secure a PoW coin against 51% attacks. Once P2Pool reaches & maintains 51%+ of the total network hashrate, Monero will be essentially invulnerable to such attacks.

Although many inexperienced miners think that bigger pools give better profits, this is absolutely NOT the case. Your profits in the long run depend ONLY on your hashrate, NOT on the pool's hashrate.


>YOU CAN NOW MINE IN P2POOL FASTER & EASIER THAN EVER BEFORE WITH THE GUPAX GUI. USES TRUSTED REMOTE NODES BY DEFAULT!!!!

1. Download the *bundled* version of Gupax for your OS here: https://gupax.io/downloads/
2. Extract somewhere (Desktop, Documents, etc)
3. Launch Gupax
4. Input your Monero address in the [P2Pool] tab. USE A SEPARATE MINING-ONLY WALLET!
5. Select a Community Monero Node that you trust, although you can and should run your own node if possible.
6. Start P2Pool
7. Start XMRig

VIDEO GUIDE: https://gupax.io/guide/

You are now mining to your own instance of P2Pool, welcome to the world of decentralized peer-to-peer mining!

>NOTE THAT DUE TO BOTNET SHENANIGANS XMRIG IS AUTO-FLAGGED AS MALWARE BY MOST ANTI-VIRUSES, SO DON'T FREAK OUT!!!


OLD GUIDE FOR P2POOL MINING FROM THE MONERO GUI WALLET: https://pst.klgrth.io/paste/eecbe

https://www.reddit.com/r/MoneroMining
https://web.xmrpool.eu/xmr-monero-easy-mining-guide.html
https://monero.hashvault.pro/en/getting-started
https://www.supportxmr.com

*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****
*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****


Learn more about Monero's key features and excellent future prospects, have some common misconceptions dispelled and discover the cold hard facts about Bitcoin, Zcash and PirateChain. Also featured is a noob-friendly buying, storage and wallet guide.


>Monero: it's what new Bitcoin users think they bought. Every feature, explained
https://moneroinfodump.neocities.org


>Why Monero is so untraceable: a rundown of the powerful stealth tech Monero utilizes
https://moneroinfodump.neocities.org#MoneroIsUntraceable


>The Writing on the Wall: Monero replacing Bitcoin as the new standard
https://moneroinfodump.neocities.org#MoneroReplacingBitcoin


>Breaking News: no, Monero still isn't traceable
https://moneroinfodump.neocities.org/#RecognizingTraceabilityFUD


>Vaporware: why nobody is worried about CipherTrace's magic crystal ball
https://moneroinfodump.neocities.org#CipherTraceFail


>Very Clever Math: how we can verify that the XMR supply isn't being inflated
https://moneroinfodump.neocities.org/#MuhInflationBug


>Pssst, wanna buy some Monero? Follow these simple how-to guides
https://moneroinfodump.neocities.org#BuyAndStoreMonero


>Bitcoin: The Original Non-Fungible Token
https://moneroinfodump.neocities.org#BitcoinBlackpill


>Why Monero is Better than Zcash: the "privacy coin" criminals won't touch
https://moneroinfodump.neocities.org#ZcashBlackpill


>The Lowdown on PirateChain: why this Zcash clone is considered a scam
https://moneroinfodump.neocities.org#PirateChainBlackpill


>LATEST UPDATES

- added Proof-of-Stake update to Zcash Blackpill
- added list of available desktop/mobile wallets
- expanded all sections with more relevant info, graphics & videos
- added easily linkable headers and sub-headers (link icon to the far right)
- added a new section about traceability FUD

Never forget what this is ultimately all about. Don't be a HODLtard.

https://archive.is/YBnPG
https://freedomcells.org/

>Help grow the circular Monero economy: buy/sell goods & services with/for XMR!

https://monerica.com/
https://xmrbazaar.com/
https://www.reddit.com/r/moneromarket/new/
https://kycnot.me/?t=service&q=&xmr=on

>Shop on Amazon with XMR!
https://monezon.com
https://peershop.app

>Live off XMR with Cake Pay (now available in 140+ countries!)
https://cakepay.com/

>or with CoinCards
https://coincards.com/


>Monero stickers for guerilla marketing
http://monerosupplies.com/

>Anonymous burner phone numbers
https://silent.link/

>Monero-only VPS hosting
https://kyun.host/

>Win XMR!
https://monero.vegas/


Say buh-bye to Bitcoin and support the growing number of Monero-only darknet markets/vendors.

# = recently launched, exercise caution

>Alias Market #
>Asur Market
>Babylon #
>Calypso #
>Candy Haven #
>Chimera Market
>Cloud Market
>Cypher Market
>Dark Matter
>DrugHub #
>DrugTown #
>Drugula #
>FilthyFellas
>Gofish Market #
>Gramazon #
>Hectate Market #
>Mercury Market #
>Pygmalion's Refuge
>Retro Market
>Smackers
>Sonanza Market #
>Squid Market
>SuperMarket #
>Tribe Seuss
>Whales Market #
>Wizard's Palace #
>World Trade Center #
Links: https://pastebin.com/raw/fF95wTNi


Anonymously exchange BTC for XMR using a reputable darknet service

>Infinity Project
https://pastebin.com/raw/75mVpfED

or a reputable clearnet service

https://trocador.app/en/ | I2P: http://trocador.i2p/en/
https://xmrswap.me
https://unstoppableswap.net
http://basicswapdex.com


>Want to support further development?
https://ccs.getmonero.org/donate/
https://monerofund.org/

>Join a Monero Workgroup and (potentially) earn XMR!!!
https://www.getmonero.org/community/workgroups/

>Want more Monero-chan?
https://www.monerochan.art/

>How to *safely* acquire, store and spend XMR

An optimal XMR user set-up involves 2 separate wallets: an offline cold wallet (savings account) and an online hot wallet (chequing account) for everyday spending. XMR amounts larger than a few hundred dollars worth should not be stored on a hot wallet for obvious reasons. So ideally, you'll want to direct all payments/donations to your cold wallet by default and then transfer smaller amounts over to your hot wallet as necessary.

Relying on 3rd party hardware wallets comes with certain security caveats so they are not recommended. Instead, its surprisingly easy to engineer a very robust storage solution yourself using readily available hardware: a laptop and a smartphone.

>Laptop

This will be running Featherwallet and must be *permanently* disabled from ever connecting to the internet again! That means physically removing the M.2 Bluetooth/Wi-Fi card and gumming up the ethernet port with superglue.

OS should be Linux rather than Windows, preferably a Debian-based lightweight distro. Encrypting the relevant user directory with LUKS is recommended but not essential.

It must have a functional webcam.


>Smartphone

This can be your primary device. It will host both your hot wallet e.g. Cake, Monerujo, etc and the NERO view-only wallet that is paired with your laptop.

To set everything up: https://4rkal.com/posts/feathernero/

NOTE: if you don't have a laptop you can use another smartphone and install the ANON wallet onto it, its essentially the same thing but with somewhat weaker security guarantees. Video guide: https://www.youtube.com/watch?v=oJqYzZyqyno

>In a nutshell

- you accept all (substantial) payments to your cold wallet.
- you monitor incoming payments on NERO.
- you initiate the transfer of funds from your cold wallet to hot wallet on NERO and sign the TX on your laptop via QR codes.
- you spend the funds and help grow the XMR economy.


FYI this is the most secure storage solution currently available.

>Bitcoin's price = NOT the result of organic real-world supply & demand = NOT sustainable

Wash trading has been artificially driving BTC's insane price action since the first major spike in 2013.

>Wash Trading 101
1. create/maintain the illusion of high volume
2. wait for poor unsuspecting fools to FOMO in
3. dump at a fat profit and leave them holding the bag

When the supply of gullible fools finally runs out, the entire scheme implodes.

TL;DR: exciting price action means nothing in an unregulated market rife with such manipulation, real-world utilization is the ONLY reliable metric of actual value.

***** DISCLAIMER *****

The creator of this thread actively discourages holding Monero. We, the broader community of Monero, do not agree with him. Buying and holding Monero is a completely legitimate way to participate in the protocol, and we encourage you to save your wealth in XMR.

XMR is THE best store of value in the world. Not only is it highly scarce, it is entirely untraceable by any third party. No other store of value, including Bitcoin, provides the ability to anonymously hold your wealth anywhere in the world. Armed with only your seed phrase, you can literally take your private bank account anywhere without the consent or permission of anyone. It is like having an invisible stockpile of gold only you know about.

Privacy will be increasingly rare in the coming years, but the supply of Monero will barely increase. Many people understand that Monero represents the most undervalued asset in the world.

***ADDITIONAL DISCLAIMER***

The creator of this thread has been credibly accused of being a federal agent and is a self-admitted pedophile, unironically (pic related). A "fedophile" if you will. He actively pushes all potential holders of Monero away unless they agree with only using XMR in bartering scenarios. He will use straw manning tactics against anyone who advocates for saving their wealth in XMR. Anyone suggesting that Monero can preserve and hide their wealth will be called a "grifter", "moonfag", or any of several other slurs intended to end the conversation.

These tactics support the state apparatus directly by denying Monero the notoriety it deserves. Widespread use of Monero, especially through wealth preservation, starves the state of key financial information and tax farming. Pretending there is only one "legitimate" use of Monero (bake sales at Porcfest) while shunning any other uses foments fake division, a favorite strategy of the intelligence community.

Remember that many authors (W. Rees-Mogg, The Sovereign Individual) predict that states will get increasingly "nasty" as private currencies threaten their power of surveillance. The OP has strategically installed himself as the self-appointed "leader" of Monero on this board, but has no such authority to tell you how to use the best currency ever invented.

>>60748199

lol disingenuous faggot. Says everything about your agenda here.

Look at the price retards
Qubic is winning

>>60748269

No. Qubic dumped more than XMR, so their ' sell and burn' strategy is either less effective or net zero

Tourist here
Why is it dumping hard? Did something happen?

>>60748309
The Monero network is currently under attack with the very real possibility of a 51% attack happening in the near future

>>60747979 (OP)
I'm concerned, is his enlarged cranium still growing?

>>60748323
if pubictrads can unstuck their network, stop getting ddos'ed, and find another 30% of monero hash rate that is

>>60747979 (OP)
I was unironically excited for a full scale war aimed at total XMR death, sad it went out with a whimper like this. We need a real charismatic leader to lead attacks against XMR and generate hype for the coin. Can XMR whales fund some based chad to actually go through with it and deliver?

>>60748406
sorry the best we can do is chud

I AM TIRED OF THE PRICE GOING DOWN

THE QUBIC SHIT IS ANNOYING

THE ROMAN STORM SHIT IS ANNOYING

THE WAIT FOR FCMP IS ANNOYING

WATCHING SHITCOINS MOON IS ANNOYING

WHY THE FUCK IS THIS COIN SO FUCKING CURSED?

>>60748466
>WATCHING SHITCOINS MOON IS ANNOYING
this coin dumps every time there is an alt/meme season and pumps at the end of it, then it's bear market. happened last few times like this, right?

>>60748466
A combination of a few things embedded in the Monero culture:
>botnets are le good fallacy
>price doesn't matter fallacy
>a belief that XMR is ONLY to be a medium of exchange
>an irrational fear of moonfags
>an irrational fear of becoming BTC
Along with a host of other things.

which bridge did chud_from_beyond attempt to rob?

>>60748789
I like GPUs, they're easier to scale up an at-home mining system. It'd be nice if RandomX was better able to balance GPU performance against CPU without completely eliminating either.

Also reminder, money has four functions, all of which are valid.
>Medium of exchange: used in the sale of goods and services
>Store of value: used to hold value into the future through saving
>Standard of deferred payment: loans are issued and repayed in Monero
>Unit of account: the value of goods are measured in Monero

The first function has been achieved, we are working towards the second one. If that takes off we can lobby for Monero loans, which would naturally lead to the fourth function being achieved.

>>60748935
So basically, NGU is absolutely necessary and we should behead OP and all of the other anti-Moonboy agorism faggots?

How do you expect Mass adoption if the GUI wallet takes years to synchronize quick payments means nothing if you can't check your balance

>>60748466
>THE QUBIC SHIT IS ANNOYING
they literally have done nothing

>>60749181
>GUI wallet takes years to synchronize
?????????????????????

It takes A very long time I have a normal computer and regular Internet connection

>>60749181
FCMP and CARROT solves wallet syncing.
https://m.youtube.com/watch?v=MYzZ1DzSWCY

>>60748406
>sad it went out with a whimper like this
psyop or did this actually happen?

>>60743913
>During this review, analysts considered any means by which a potentially dishonest prover could use unexpected or invalid values to produce a valid proof to be a soundness risk to the protocol. On the other side of things, Veridise analysts considered any information which could be abstracted from an honest prover by the verifier to be a privacy risk. The analysts assumed that the prover was executing in a secure environment, and that attackers would not have access to information leaked through side channels. Despite this, the Monero developers (notably Luke Parker) took steps to ensure memory was zeroed out and constant-time operations were used wherever possible. Veridise found one Warning severity issue and one Information severity issue. Both of these have been addressed
>>60746378
good lore
>>60746788
>nakadashi
never heard of her

>>60749773
285

Guys, calm down, the 51% is not going to happen, their pool graph is misleading at best.

In order to 51%< you need to double the XMR hashrate, means they have to own 5Gh and the nethash is 10Gh

>>60749826
283

>>60748935
>I like GPUs, they're easier to scale up an at-home mining system.
You can still use GPUs to mime xmr.

>>60749826
the 51% attack is not monero's problem
do you understand what a doublespend is?
this guy is trying to rob someone

>>60748789
>botnets are le good fallacy
neutral. mining doesn't care about abstract human concepts like good and evil.
>price doesn't matter fallacy
does. if nothing else for security.
>a belief that XMR is ONLY to be a medium of
exchange
that goes against the basics of sound money. of course it's a store of value too. monerofags shill that as a counterbalance to moonfags, for what it's worth. (not a lot imo)
>an irrational fear of moonfags
i'm neutral to them, mostly because i don't believe in hodl. i'll sell their pumps. as long as there is a rising floor, i'm happy.
>an irrational fear of becoming BTC
becoming a fossilized protocol that becomes unable at doing the things it set out to do? the fear is very real. that said monero is way past its dead satoshi moment and adopted a culture positive of hard forks so it already won't fossilize like bitcoin. protecting the devs as the pressure rises is a concern.

>>60749207
this. another disappointing nothing burger. once you leave the most basic proven fundamentals in crypto, nothing is real. everyone is a full on scammer and all claims are completely false hype.

>>60748935
i have a suspicion the same gpu scale up will give an outsized advantage to big miners.

>>60750405
nowhere near comparable hash per watt though.

Might get new cpu's because this feels like having a small dick.
but I am doing my part.

>>60750861
280

>>60751199
it'll go down to like 240 or 220

>>60751259
Awesome!!!! Death to moonboys r-right? Who cares about USD value as long as I can buy my cookies

>>60751270
276

>>60751290
Fuck yeah, we hit 250 I'm buying one

Can GPUs be used to mine on Moneroocean?

it's so over broskis it has never been this over

>>60751335
yes i used to mine kawpow there

https://haveno.markets/

This is the real price of XMR.

WAGMI
Chances are some cartel or cybersec group got pissed and found videos of CFB rubbing his clitty and blackmailed him.

Reporting in

>>60751511

More than twice as many € trades than $ trades. Intredasting.

274

273

272

271

don't worry i'm cooking extra cakes for the bake sale. i hope this helps stabilize (but not increase) the price.

hold tight chuddies! i'm on my way to sell the first cake.

WAR WERE DECLARED

>>60752052

lol this retard is the Bizarro Mavrick: claims he is personally responsible for the dump lmao

>entire market rising when monero is falling
this happens like clockwork each cycle though.
first you have a monero pump following a bitcoin pump.
second you have bitcoin crabbing and monero dumping.
third you have alts and memes pumping.
fourth you have monero pumping. the so called whales washing their gains.
then everything dumps and it's bear market.
as i said, like fucking clockwork. yet every time people will cope one way or another, how this time monero will always pump or how this time monero will always dump. i will be really surprised it happened different this time, but this cycle is a bit weird too.
tell me i'm a schizo who's making shit up.

>>60750861
Mining does care about the economics of supply and demand though. Having producers that can mine at zero cost makes everyone's hash worth less in $ terms, making security worse.

And all I know is I had a way more enjoyable time scaling my at home GPU rig than I did my cpu miners. Plus reselling after was way easier so I didn't have to worry about ROI on my initial equipment

>>60752075
A single buy from a single person was responsible for the 50% pump a couple months ago. Liquidity is low so it's possible

are we at the bottom yet? i want to buy

>>60752176
you say this but bitcoin miners did shit like set up shop near chinese dams, iceland geo plants, exploit renewable subsidies etc. to secure a cost advantage to their operations no normal miner could match. it has a similar effect of making a hash worth less. it makes us basic miners seethe but it's just inherent to mining. i'm not super worried about it.

just like some have secured access to cheap energy, some have secured access to the computers of idiots. i have a darwinian view on cybersecurity. basically the retards deserve to get botnetted. in some hypothetical monero dominant future, i imagine people will realize empty cpu cycles are actually worth something and maybe not give them away to botnets so easily.

also let's not pretend for a second the profitability of eth gpu mining rush had anything to do with some botnet fairness. it had everything to do with eth transaction costs being an insane rip off. i don't think monero will ever be that profitable because i think monero strives to not be a complete shameless scam to use.

>>60752339
You're talking about cheap/subsidized electricity which is what Monero botnets and server farms already have, even more so than Bitcoin. But I'm not talking about asic mining which is inaccessible to the average person. I'm talking about GPUs, which everyone has access to but are also harder to co-opt because there's lots of demand from AI, and have better resale value than a bunch of motherboards. When did Monero become synonymous with luddism? Gpus don't kill decentralization, especially if they adopt a mining algorithm that more equally weights GPU and CPU work.

>>60752445
i'm not against gpus. i just don't think they add much on top of cpu. if there is a way to have something like randomx on gpu without sacrificing the viability of cpu in any way and it was just as asic resistant, why not i guess. i don't think botnets are that bad either. botnets and their lower hash profit make it more expensive for someone to 51% attack for instance.

>>60750861
>botnets are neutral
Well it's good for decentralisation which is bad for the price because a small cabal of miners can better coordinate their selling strategy.

>>60752312
269

why are we tanking?

>>60752695
Isn’t it awesome? All those pesky moonboys who care about these weird things like “wealth” and “not having to slave for Jewish corporations their whole life” will go away and we can get back to the important things: selling cookies on the darknet with fellow agorism enjoyers.

265

>>60752703
hey doomer, i have not sold all the cakes yet!

>>60752703
hell no nigga your insane, i have 530 xmr, i lost $20,000 in 3 days because it dropped 15%

>>60752722
Might want to up your price on that! Monero isn’t worth as much “fiat” as it used to be. Who cares about “fiat” gains though HAHAHA

>>60752075
>XMR buys less qubic to burn
>Profitability goes down
>"We're winning guys!"

I love how he always gives a warning first before nothing happens lol

has he ever reached above 30% he just made a article on his site saying he reached 50 but ive been watching xmrhasrate pools for the past week and the highest the "unknown" pool (which may or may not be him) has even gotten to was 27%

>>60752510
>>60752552
Security should be thought of in terms of miner costs and profits, how much it would cost to "buy" their work (e.g., Qubic). A botnet has no costs, so no skin in the game, so not much to lose by doing something that could wreck the network. They can mine and sell at any price, undercutting more involved participants who are subject to economics. They depress the price, lowering the cost required to buy out miners, resulting in things like Qubic. Say what you want about miners buying power plants, but if a bunch of Monero guys could pool their resources and buy a plant, things like Qubic wouldn't exist, plus it'd be pretty cool.

>>60752762
>A botnet has no costs
Oh really? That's awesome you should get yourself a botnet right now then. Shouldn't cost you anything.

>>60752167
Its wash trading for people stacking/hoarding/laundering btc and xmr
Since btc is the highest liquidity crypto
And xmr is the only true fungible crypto
I watch both tickers every day, I know what you see as well

261

259

so anyone know what the retards at XMR are currently doing??? Is this coin maintained by a bunch of teenagers??

>>60753118
they are selling xmr for btc next biggest exit pump

>>60753185
>AAY
I am alien lol

These quibtards needs to kill themselves asap. No one is buying their pump and dump shitcoin. Literally not selling even if it drops to 100. Do these retards seriously think XMR won't jump back eventually? kek. If anything this will most certainly strengthen XMR.

Do you think 260ish is the bottom or will it drop even further? I think XMR will certainly recover but unfortunately I wouldn't be surprised if it drops even as low as 200. Think the worst case scenario is it goes to 180ish.

Anyone know who actually coordinated this dump? Do you think retards will scare sell? This botnet shit will be fixed eventually so idk why people are panic selling.

>>60753225
markets are unpredictable and anyone telling you they know whats going on is lying, but i think 250 is max pain,

We're bouncing back boys cmon don't let these scum make you sell. Fuck quibic. I can already see 280 today.

Someone buy the dip don't let it drop under 260 again.

Fuck these fat retards and slavic looking bastards. We can make it. Avoid shitter, just buy.

>>60748306
I just checked the price though and it's dumping

Buy now!!! Its free fucking money, imagine how rich you'll be once its back to 300. We have enough traction to get to 350 as well. IT will bounce back to 300 mark my words.

I've been considering selling since 290, only pulled the trigger at 262. Wtf is going on. I'm ready for the giga bounce tho, not sure where the fuck it will be. I swear to god it better not happen while I'm asleep, may put some limit orders at 240

Where are the north korean's at when you need them. Pump it for me baby.

>>60753118
what you think this is a token with a telegram group or something?

>>60753284
sybau

>>60753286
kek where did you retards came from? pubic 'cord?

>>60753286
272*
>captcha: xmr

>>60752747
I mean, are you using trinary on your hardware right now?
he warned about that

>>60753286
u really sold at 262 ? why nigger ?

Aaaaah!

FUCKKK YEAH CMON!!!!!

>>60753245
>Anyone know who actually coordinated this dump?

Been wondering if its an OG whale dumping XMR just to fuck with the Q-tards

>>60753301
u sold at 272 ?

>>60753118
>>60753256
>>60753262
>>60753284
Serious bagholder vibes

Its going doooooooooown

>it's 256 already
B4S3D

>>60752839
No need to be pissy. A botnet doesn't have ongoing electricity or hardware costs. Obviously there's the expense of time and acquisition but this is negligible next to normal miners.

Did chuddie_from_beyond deliver?
https://files.catbox.moe/0ki78n.mp4

>>60753225
>Do you think 260ish is the bottom
>>60753256
>We're bouncing back boys cmon
>>60753262
>Someone buy the dip
>>60753269
>We can make it. Avoid shitter, just buy.
>>60753284
>Buy now!!! Its free fucking money,
>>60753294
>Pump it for me baby.
God damn is this fucking telegram? Monero needs to be a store of value, OP is a fed, but even he is right about these kinds of posts.

someone's trying to psyop monero but they hired fucking indians on fiver using ai for the job

>>60753477
>someone's trying to psyop monero but they hired fucking indians on fiver using ai for the job

Problem, my bastard?

What's Satoshi's/Q's next move?

Uhhhh monerobros what the fuck is happening?
Kinda tempted to buy the dip...

>can't pay with xmr on travala anymore
>pepe and trump coin are available
>meanwhile xmr is crashing into the abyss
it's just so fucking over i can't

>>60753429
And what value does it store if it dumps like a bitch?? Seriously who tf is going to take this shitcoin seriously and how can you even buy anything with it with such a volatile price range. Since its probably going to dump below 250 its really over for XMR for some time. Maybe another major hack might lift it up again but who know how many more years from bow that'll be.

>>60753525
>value does it store if it dumps like a bitch
Maybe you niggers should have thought of that before years of "fuck moonfags, binance delisting is bullish, let's be overtly antagonist to the feds, anything that isn't a bespoke p2p dex on i2p must go" bullshit. Shot yourselves in the foot with not wanting normies to make it because they weren't as based and privacy conscious as you. Now your liquidity is all dried up because you didn't have their support.

248

>>60753578
>let's be overtly antagonist to the feds

Problem?

Decoupled!

>>60753593
Yeah, shouting "hey feds, here I am, come fuck my shit up" is something only a fed or a complete retard would do.

For God's sakes, when Binance was considering delisting you guys made multiple campaigns to spam withdrawals, telling them you weren't worth their time and might as well delist. That came with promises that every delisting would pump the price, which never happened, and now there's no liquidity so a single guy can swing the price double digits in either direction.

sorry guys i think me posting >>>/b/938138573 caused the crash

I think its people on exodus wallet swapping out of XMR before they drop it.

>>60747979 (OP)
Pls someone explain what's happening

>>60753593
Oh look the OPfedo with a shit tier take and a react image.

Shouldn’t you be dancing on the moonboy graves right now? You successfully tanked the price by shouting down any positive sentiment for years!!! Nice!!!!

>>60753642
The news say that one guy has 30% of the hashing rate and that concerns people but it sounds like bologna
My theory were just inching towards great reset timeline

>>60753634
what u post ?

If the feds control XMR it is going to boost the price just like TOR became more usable when they put more resources into it. I for one welcome our Washington overlords.

>>60753640
Too early

>>60753615
>>60753642

Being a moonfag seems awfully stressful. Can't imaging living like that.

This was extremely predictable, the only question is how low is it going

AHHHHNGGGGGGGG. IS THIS THE BOTTOM?!?!?
should i go all in? 249 seemed like a good price

>>60747979 (OP)
Would transition have saved her?

>>60753734
>Would transition have saved her?

Transition = guaranteed employment at the Electric Coin Company.

>>60748309
The tornado cash guy got in some trouble, so some hands feel they should get rid of anything related to privacy.

>>60753881
what trouble ? sauce ?

>>60753726
its slowly climbing back up

>>60753301
>>60753308
Sold at 272 bought back 260. Made a tiny profit but fuck that was scary. I think k we are good now.

>>60753299
Suck my dick i made money today by clicking 3 buttons

heard the news and just wanted to stop by and pay my respects.
rest in peace. this was a based coin truly.

>>60753924
its 258 right now

>>60753929
what news ?

>>60753892
https://www.wired.com/story/tornado-cash-developer-roman-storm-guilty-on-one-count-in-federal-crypto-case/

the fact that a lot of you still don't understand what a 51% attack entails of, is concerning
this exactly the feeling I have when I see a maxipad finding out that he has to close the state channel he opened
blockchain isn't even complicated

interesting fed op to devalue xmr but the QUBIC token also tanked so not sure what to make of that

I CARE ABOUT PRICE
>FUCK OP FEDO
I CARE ABOUT PRICE
>FUCK OP FEDO
I CARE ABOUT PRICE
>FUCK OP FEDO
I CARE ABOUT PRICE
>FUCK OP FEDO
I CARE ABOUT PRICE
>FUCK OP FEDO
I CARE ABOUT PRICE
>FUCK OP FEDO
I CARE ABOUT PRICE
>FUCK OP FEDO
I CARE ABOUT PRICE
>FUCK OP FEDO
I CARE ABOUT PRICE
>FUCK OP FEDO
I CARE ABOUT PRICE
>FUCK OP FEDO

I'm thinking this is the bottom. Probably going to buy. Anyone else?

It's down 8% in a day, this is bad for XMR on the daily/monthly chart but let's be honest this is nothing in crypto. Still better to hold XMR than anything else.
I just wish I'd bought more. Don't have any fiat to swap into XMR at this discount.

latest theory: that previous big buyer is selling now so a bart basically. 220 basically.

>>60753593
even doe certain feds and basically all the power player of the society want untraceable money too.
it's just that most normies will not use it, but since when big money was their business? monero is literally set up to be inevitable. it transcends good and evil. the inevitability of monero is so crystal clear and obvious that in hindsight it's going to feel unbelievable there were ever any doubts for all these years.

>>60754087
there is no bottom
t. knower

>>60754087
I think it'll go back to hovering around $160

>>60753615
>hat came with promises that every delisting would pump the price, which never happened

The price went up plenty since then.

>>60748789
botnets are actually bad because they are the kind of malicious entity that would participate in these cubic schemes for a quick profit

If you buy monero from an exchange then trade it to a private wallet, then trade from that private wallet to another private wallet, will it mitigate the tracking risk from using an exchange?

>>60754427
Yes, but ideally nobody should know you ever touched Monero in the first place. People are getting searched by the police if they're caught using a Google Pixel because of GrapheneOS, this will happen with Monero if it isn't already happening.

>>60752445
idk what the gpu would really add as the difficulty would increase and your big number hashrate would still pay pennies. only now the entry barrier is ridiculously high as the majority of mining power is big business exclusive super expensive special gpus and desktop gpus costing thousands

It's a buy point. But the long term trend is only slightly up.

It will go down more, but it will go up more than that long term. That's basically inevitable because Monero is used in the real world as a currency and money printers have been going brrrrrr. If those drug dealers want to earn the same amount they will need to charge more XMR.

Let's face it, Monero could be pegged to the price of growing/manufacturing/transporting drugs (real world physical products and labour). If fiat currency is devalued, XMR has to go up.

What this basically means is Monero is a store of value, but not a speculation coin. Explosive growth or mooning like you see with scam coins is unlikely, because it is pegged to real world value of people actually doing something in exchange for goods and services, which is quite unlike any other crypto.

There is basically a ceiling on Monero, which is roughly pegged to inflation, because it's actually in use as a currency. It won't 10x or 100x (and if it does it will be brief before correction). But on the flip side of that, you won't lose your investment. In that respect it's similar to gold. If they print money, your XMR holds its value.

>>60753640
if things turn out to be fine its probably nothing to worry about but its not that surprising people want to move their money to a safe place and exchanges don't want to take unnecessary risk. while you might think 25% isn't high it does mean it would be relatively easy for the feds to destroy this

Should I set my buy orders for $200 or lower?

>>60754592
Actually, scratch that, $200-150 will probably be the next good accumulation phase.

It's likely we're already at the bottom. Please call me a stupid nigger if it reaches $230.

>>60754677
Lol wut? we're definitely going back to $200 at some point.

>>60754427
As soon as you send it to a fresh subaddress you're good. The second swap isn't needed.

The qubic situation is starting to get concerning. Not even trolling. Their hashrate share is growing and Supportxmr clearly has last miners today to them.

Not being funny, but aren't these Qubic nerds putting themselves at risk of serious harm?

They're literally fucking with the money used by rogue nations, international criminal gangs, drug dealers, assassins, etc.

Seems unwise to me?

>>60755634
those rogue nations and cartels don't use monero for speculation, they actually use it for its intended purpose

>>60755634
Where can I see these numbers? I thought they failed.

>>60753411
>Obviously there's the expense of time and acquisition but this is negligible next to normal miners.
Oh, I see. It's not nothing, it's negligible. I still think it's worth it for you to get yourself a botnet for this negligible cost then. Maybe us Monero guys could pool out resources to get a botnet instead of the plant you suggested earlier.

>every other crypto i'm holding is going up[
>xmr dropping like a rock
erm, what the sigma?

>>60755715
Or you could just stop huffing your own farts you smarmy cunt

piece of shit can't even hold 260 lmao

Don’t marry your bags. You’re not righteous for holding on to monero anyways. If it took off society would turn to shit.
Death and taxes o algo.

here we go again

>>60756032
Brainless.

>>60754457
This is a lie and FUD. No one has ever gotten in any trouble for buying Monero. It's not illegal. Fuck you.

>MUH BOTNET MININNNNNGGGGGGGGGGGG
you got ZERO source material backing your concern trolling

>>60754501
Maybe that would be true if every person that can be served by Monero was already using it, but I just don't believe that. It's not even close.

>>60755634
Very few of them actually use it. Like 1%. That's why I'm a Monero moonboy.

>>60755930
Happens every alt season like clockwork.
>>60752167

>>60756285
Literally all I want is sound internet money. That means an actually fungible one that doesn't snitch on you. It's not a moral position, it's a necessity. That's why Monero is inevitable.

>>60747979 (OP)
this fucking coin keeps dumping.
so glad i sold all my coins at $395 and didn't heckkin "hodl" like a retard.
maybe i'll buy back in sub $150 but this shit takes 4 years to hit ath again... :/

>>60756506
It's called Mises' theory of monetary regression

Just in case you missed it, FCMP++ testnet is a go. Muh vaporware.

Just imagine the inevitable Z-baggie cope lol

>>60756802
I’m starting to think this dump is Tradeogre selling before FCMP to buy back once it’s ready.

You’re going to see a lot of weird things happening before FCMP as people may want to erase their ring signature history from any possibility of future discovery

>>60756802
Indeed if I don't read about it on 4chan it never happened. This is good news.

I'm fucking going to killing someone tonight. Got liquidated by these fucking cum guzzles. I'm literally going to find u fucking 4 eyed fuck.

>>60756973
Why the fuck are you leverage trading an obviously manipulated market event? Fucking moron

>>60757017
I didn't long this week, I have been leveraging XMR for the last couple of months at x5, this fell fucking hard. I thought maybe 270 was bad but fucking 250s liquidated me. Didn't think it would drop any lower.

>>60755231
>Their hashrate share is growing and Supportxmr clearly has last miners today to them.
Subtract 5-10% from 'unknown' whenever you look at the hashrate, as that's been the historical average. Also:
% of found blocks != % of hash power
Qubic hasn't done any of the things that should be possible for miners with 33%+ hash power for good reason: they don't have it.

What's the go-to exchange for monerobros now that tradeogre is over?

is it even possible to buy crypto without the tedious kyc process without getting scammed? no fucking idea where my id card is and i shouldn't have to go through all this shit just to use my money without asking permission from these fascist democracies

>>60756731
it's called you are a nigger

>>60751511
why is this not in the million part op?

>>60757372
I just used trocador for the first time and it was way easier than even tradeogre.

where do i buy monerochan

ok so what the hell is the point of these decentralized exchanges if you can't buy anything without putting in money first that you can only get through a kyc exchange?

>>60757683
>expecting a DEX to take a credit card

>>60757372
trocador, retoswap, anything else listed on kycnot.me (trocador is an aggregator of a bunch of stuff tho)
you never needed tradeogre I haven't touched it in ages

Monero niggers shot themselves in the foot when they changed the mining from gpu to cpu. People are less able to participate and now its getting 51% attacked.
Cpu mining is only viable for jeet bot nets, no ones trying to stack hundreds of motherboards

>>60757683
There's no deposit sellers

We're already back. Monero is unstoppable.

>it dumped?
>post botnet fud with zero proof again for no reason

>>60758217
in a way it sounds good too. cost of attack will be high as you can't just load up a gpu riser box or a shelf of asics

>>60753245
>who actually coordinated this dump
me

>>60758532
Thanks for the cheap XMR.

>>60758323
yea finally nooticed. fuck eu and its gay ass regulation lovers

>>60758217
institutions now have unfathomably huge amounts of enterprise-grade GPU compute. this isn't 2017 anymore where the best GPUs were consumer grade and there were no LLMs.

>>60758217
Nigger there are GPU farms right now

>>60758685
But unlike CPU-only datacenters you don't have a ton of machines sitting idle waiting for the bored IT guy to put XMRig on them. Every GPU out there is being used for AI. Having competition for mining hardware would be good.

>>60758501
I used to run XMRig on free trial servers. Wasn't hard, but I have a job so also wasn't worth playing wack a mole with their filters. But for some chink or Russian with nothing better to do, it'd be worth it

>>60758739
the difficulty increase would just make it unprofitable for all the miners that keep the hashrate decentralized. most people wont have the absolute latest highest end nvidia card. now you at least get something when mining even if its not life changing amounts but try mining bitcoin with some random pc and you'll be getting absolutely nothing at all

>>60758760
It's already unprofitable for all except the chinks running at zero hardware or electricity costs. MC=MR, the revenue from mining Monero (XMR price) equals the cost to mine it is basic economics. If producers can mine 1 XMR for $0.01 then they can sell for $0.011 and still be in profit.

>>60758783
yeah but at least you get something. mining btc you get nothing but the bill, not a single satoshi will come if you mine with the home computer but with xmr you might get a coffee once in a while

its pretty cool that monero is so popular in the part of the world that probably hates it the most.. eu

>>60758501
See
>>60756731
The value of any commodity-based currency lies in the opportunity costs with creating more currency. Botnets with near zero opportunity costs create coins with (near zero value + demand) instead of (operation costs + demand).
If you want to see what the price of a coin looks like with near zero costs to mine and fees that has to rely on market demand for pricing, check out nano.

Monero needs treasury companies to accumulate the coin for investment and drive the price up. That's the only way mining can remain viable in the long term. The current low hashrate unprofitable mining is communism and like communism it will fail eventually. As things stand today, Monero is just Vertcoin with privacy and we all know how Vertcoin turned out.

CAN'T the federal government doesn't use their digital panopticon to view the money flowing into XMR?

>>60760958
VTC is good I love vertcoin

>>60760988
I mean if you buy from Kraken I'm sure the government hardly needs a panoptican to know you bought N amount of Monero and sent it to your wallet, in the same way they can see you get out 400 dollars from the ATM as cash.

But no one know where you are spending your cash or your Monero. That's the privacy part.

>>60761620
I like Vertcoin too but it doesn't seem to have much of a future. Once a coin gets 51% attacked like Vertcoin was the loss of market confidence is almost impossible to recover from. Look at how few exchanges list it these days.

when does it moon? im tight on money and could use the actual unsupressed value of $248,000 per XMR coin

>>60760958
it's profitable for me. stop seething. this coin is NEVER going to be your minercoin you fucking gpu niggers. ALL HAIL THE BOTNETS for keeping the gpu niggerkikes out.

the fact there is so much seethe about the mining only makes me think the mining is working perfectly to keep gpu niggerkikes out actually.
>monero is exactly like [some shitcoin that was nothing more than a miner coin "but with privacy"]
see that's why i don't want you faggots mining my fucking coin """profitably""". fuck off. you're some retard with gpus and you think you deserve to make a living off of that. only shitcoins are profitable like that. wasn't vert a minercoin? yea and that saved it, right? lol.

>>60761774
it must dump to 248 first

>>60760958
>Monero needs treasury companies to accumulate the coin for investment and drive the price up.

Legit comedy gold.

>Bolstering PoW to be Resistant to 51% Attacks, Censorship, Selfish Mining, and Rented Hashpower

https://github.com/monero-project/research-lab/issues/136

lol, is this intentional?
xmrwatch.net

are there decentralized or non kyc alternatives to trading platforms like kraken?

>>60762142
more like swap platforms.
decentralized: retoswap
non kyc centralized: trocador, orangefren
see kycnot.me
more like cex: tradeogre (still down?), some other one i forgot

>>60762142
If you're in the EU/UK and have no crypto already the answer is no. I'm pretty sure reto is the only way to onboard with cash and even then you'll pay the no KYC tax. Once you have any form of crypto you have more options.

>>60760958
>Monero needs treasury companies to accumulate the coin for investment and drive the price up
XMR-USDT swaps are easier, permissionless, and accomplish the same thing. And since all the chains tether is on are EVM compatible, once we get one we can do them all.

>>60761781
>ALL HAIL THE BOTNETS for keeping the gpu niggerkikes out.
Botnets don't keep gpus out; RandomX does. GPUs are more than welcome to point their miners at moneroocean

>>60762142
>are there decentralized or non kyc alternatives to trading platforms like kraken?

If you're looking to acquire XMR consider selling goods or services on XmrBazaar.

>>60762182
those things seem more suitable for acquiring coins. i was thinking of leverage trading

>>60762366
you need capital to acquire things to sell and doubtful that the demand there is very high for anything

>>60762374
The KYC battle is lost in Europe. At this point it's only costing your time, money and effort and accomplishes absolutely nothing for monero because it's private anyway.
It's sad but blame the people who never pushed back and allowed KYC to take over everything, it's too late now.

>>60762415
the average euro probably thinks its good since they always promise its for the children or terrorism or god forbid laundering when the governments want to run socialist schemes with the majority of the working mans income

>>60762509
I'm european and european style socialism is a good thing
it provides is with a safety net

>>60762525
you could just save a bit for the hard times instead of getting fully entangled in the "safety nets" paying astronomical taxes for something you'll need very little and having to submit to the whims of "democracies". policy flipflops every couple years and regulators constantly rape the citizens harder

>>60762374
Until tradeogre comes back, Monero.Vegas is as close as you're going to get to leverage trading

tfw no BawdyAnarchist hubby boyfriend

>>60762374
I take this back
>>60762596
HTX also doesn't require kyc IIRC, but chances are it's illegal in your country. It's also notoriously insecure

>>60763330
Faggot

>>60764061
so you're saying i get free housing and food for the winter with that? pretty cool

the hashrate has fallen. billions must mine

how we gonna buy XMR, when the Stasi EU bans transferring to private wallets?

>>60764426
you'll have to do it the way it was always meant to be

>>60764430
>i must suffer in hell so that monero may live and rise to the moon

The fact that my position got liquidated in the 250s and now XMR is already back to almost 280 make me want to equip myself to destroy the Qubic community in person. These fucking retards not only failed to do anything to XMR but also stained their shitcoin that now no one with a backbone will ever take into consideration. If it hits 300 I'm engaging.

>go on bisq
>have to have 150 euro deposit to buy btc
>buying xmr you either get 3000 euro btc deposit or pay 15-20% premium
I don't like this.

Anyone who is not already mining, need to start doing so right now

>>60765848
Where does Tari merge mining go on that chart?

whats the xmr sui stack? make it stack?

>>60765848
I saw as high as 49 out of 100 unknown blocks earlier this morning. Clearly the bad pool is capable of 51% and are just waiting for the right moment. If some Russian dude by himself can get almost 51% of the hashrate then things are looking very grim for Monero.

>>60765690
>leverage trading
>selling at a loss, ever
just don't
>not writing down what amount you bought at what price and never ever selling that amount below that price even if years pass

>>60766707
pic. just round up to 20.

>>60765777
why not retoswap?

>>60766890
>why not [increasingly niche bullshit dex because we refuse to petition for an exchange that anyone who isn't a terminally online autist can use]

>>60766897
bisq is for bitcoin. retoswap is for monero. bisq is never going to make monero a first class citizen. it's by bitcoin people for bitcoin, right?

>>60766897
>anyone who isn't a terminally online autist
It's actually anyone full stop because when there's no one to trade with, no one can trade.

>>60766967
unfortunately. the agoratard was right in a sense everyone in monero should be an obsessed autist who lists all his possessions for sale on xmrbazaar and provides liquidity on reto as a side hustle, while also having all his computers mine in the background.

Z-cucks are taking a page out of the salty maxipad playbook and literally making shit up now.

>>60766988
This is the way.

moonero fags don't know that xmr is still worth about 250 dollars and what happened here is not monero mooning but the dollar crashing

>>60766988
>provides liquidity on reto as a side hustle Amazon
I've been trying to figure out how to do this without getting reported to the Israeli Revenue Service or getting my bank account closed

change in opinions. gpu okay if it doesn't make cpu worthless in hash per watt. as a basic principle average productive computer users should be able to participate to all aspects of running the monero network at least at the same hash per watt order of magnitude as a big players.

the transaction fees should not ever be lower than a cent or even 10. they're too low. if the coin moons we can lower them later. monero is for paying and saving, but it's not for almost feeless microtransactions.

>>60767283
we have to fight for monero-chan. there is no alternative.

>>60767391
yeah

>>60767453
also botnet bad. in a sense that qubic is a botnet where one hostile actors controls a lot of hash. so pools bad too probably.

>>60767453
just see what happened with bitcoin. as the ones with deep pockets take up hashrate share it becomes impossible for the little cpu miners to make anything at all. now you can at least make something

>>60766988
in the extremely unlikely scenario that you were selling something there and someone bought, how do they deal with shipping costs which obviously vary depending on where it goes? it would be difficult to put that into the price and then you have a buyer from china or the deepest africa

>>60767516
>extremely unlikely scenario that you were selling something there and someone bought
happened to me. not on xmrbazaar but the simiar moneromarket that has shut down.
i set different shipping options with different costs per region i know the ballpark cost for. also in description i write something like:
>message for more shipping options
then i check on the local post office shipping cost calculator website. it lets me input the country and the weight to see the shipping cost. if it's too bad then i would write an apology message and cancel the order.

aaaaaand we're dumping again

>>60766988
Checked. This is the way. This is how monero survives and thrives.

Luke Parker was on Monero Talk yesterday and confirmed that Qubic has reached up to 40% of mined blocks. He advocated a PoW/PoS hybrid consensus model to defeat dishonest pools. Even said Monero could be 100% PoS in 5-10 years.

Do you all realize you’re going to be 51% attacked very soon? Why do you think tradeogre went offline? Why is the author of FCMP sounding the alarm? Why is the chart dumping yet again even when the testnet of FCMP is ready to launch?

You seriously think Monero can recover from this? Your coins are about to dump 70%+

>>60767953
wow that sounds pretty bad i guess but i'm not selling if that's what you're asking.

can they even do pos without cucking on privacy?

>>60768034
Can you do pow without cucking to a single well funded autist?

>>60767953
man pos would suck. i don't want to be forced to use coinbase

>>60768070
Yes, if you aren't retarded about CPU mining and allow GPUs or even ASICs. Economically, more hash per watt isn't a bad thing.

This whole chain has just become a playground for economically illiterate tranny programmers. Lay off the darknet hrt.

>>60767953
>Guys guys guys

Worrying about it doesn't solve anything. If you don't have a plan to fight this by rapidly increasing our hash rate/price or rapidly decreasing their hash rate/price, then all you're doing is giving coomer-from-beyond free press and emboldening his cronies.

>>60768146
Number go up incentivizes more miners to join but nooooo making money would be too much like Bitcoin

The only viable near term solution to secure Monero's blockchain is to change the pow algorithm to Scrypt or SHA-256 and implement merge-mining with Litecoin or Bitcoin if such is possible. Switching Monero to proof-of-stake would probably take months of development and testing. That's time Monero doesn't have since the bad pool almost reached 50% hashrate yesterday.

>>60767953
>Do you all realize you’re going to be 51% attacked very soon?

Unlikely. Luke said as much several times during the interview. It's definitely a wake up call but not a DEFCON 1 situation.

>Why is the author of FCMP sounding the alarm?

He's not panicking or anything close. You're concern trolling.

>>60768245
He literally spent the entire episode talking about alternatives to the current consensus model. Implication being, the current model doesn’t fucking work. How is that not sounding the alarm?

>>60768137
it is. i wont have any incentive to mine then as it will produce absolutely nothing since every rich miner autist has a shelf full of latest nvidia shit. this leads it to being even more centralized

Monero?
More like
Monegro
Negroes.

>>60768256
You listened for four hours? Anyway he likes thinking about this stuff. He's talked at length about quantum resistance but no one's worried about that right now.

>>60768220
None of that would help. What Monero needs is a higher price to make the block rewards more valuable. Hybrid PoS would only help by pumping the price.

>>60768292
>You listened for four hours
Yes. Monero is in a really bad spot right now and I want to know what the plan is. Despite multiple major Monero contributors saying this is a serious problem, about half the community continues to spout bullshit about this being a fake attack with misreported hash rates.

I’m fucking tired of this. It just feels like there’s a massive threat on the horizon and nobody is doing shit about it.

>>60768256
>He literally spent the entire episode talking about alternatives to the current consensus model.

Discussing alternatives is one thing, suggesting that a 51% attack is imminent is another.

Luke *specifically* called out the concern trolls like you who are going around talking shit about how XMR is about to be pwn3d.

He doesn't think they can pull it off: https://youtu.be/_dUpDtqkEiA?t=5043


>Implication being, the current model doesn’t fucking work.

It is holding the fort and should continue to do so until the Pubic halving next week.

Doesn't mean optimizations aren't necessary but Pubic ain't an existential threat yet.

>>60768304
>Hybrid PoS would pump the price
Good it obviously fucking needs to happen

>>60768256
>talking about alternatives implies the current status quo bad
you are retarded.

>>60768304
If Monero was merge-mined with Litecoin or Bitcoin the bad pool would need to 51% those blockchains. That's unlikely to happen and is probably impossible for anyone due to cost and hardware availability. Dogecoin switched to merge-mining with Litecoin years ago when faced with 51% attacks and it solved the problem. Hybrid PoS is a better long term solution but nobody is implementing that in a few days or weeks. If you want the price to go up, then a treasury company needs to buy lots of Monero just like they're doing for Bitcoin, Ethereum, Litecoin, Dogecoin etc. Maybe the devs need to start pitching Monero as an investment to Wall Street.

>>60768350
You wouldn’t be talking about it now unless qubic was proving how easy it is to attack

>>60768359
>Maybe the devs need to start pitching Monero as an investment to Wall Street.

Have you ever considered a career in stand-up comedy?

>>60768373
Right on, fed pedo OP! Can’t let anyone pump XMR. Just keep baking cookies until cum-from-behind destroys us

>>60768371
wut. ppl talk about shit for lotsa different reasons. not every internet argument is a proof of a thing

>>60768386
Go watch the fucking episode retard. He specifically says that there is more support for these new approaches because qubic is fucking with us.

Why do people in this community feel compelled to share their opinions when they are knowingly ignorant? You don’t know what the fuck you’re talking about. How about you just shut up and lurk more?

>>60768391
I am going through the episode. But you got your pants on fire very much. I won't take whatever argument you have any smore seriously. Go take a breather.

>>60767351
As long as it continues functioning as the only actual crypto being used in the real world im not worrying.

while people are malding over the qubic stuff i think its a good wakeup call as things like this aren't just set and forget. if it wasn't for this no one would be talking about this flaw now or thinking of solutions to it

>>60768271
Well what's more important to you, getting 51%'ed or being forced by your retarded devs to adopt proof of stake (it would be over for Monero) so you can make pennies, or having a secure proof of work network?

>>60768494
>muh pick the two options I present to you
fuck off. no to proof of stake. no to asics. We stay the course, sink with the ship if necessary. if we sink, it is proof positive that this crypto shit is never going to be used for parallel societies anyways.

>>60768494
well i definitely don't want proof of stake. how would that even work for a privacy coin? isn't it 100% centralized? never seen it available in the same way as normal mining, you always had to use a centralized exchange to stake

>>60768304
>>60768311
Proof of stake is inherently centralized. If you gain 51% of the coins, you have total network control forever. Right now you have three branches of power. The devs, the node operators and the miners. Proof of stake would turn the devs who have a lot of Monero into the biggest mining cartel. Even worse POS merges node operators and miners into validators meaning miners now handle transaction relaying. So you'd end up with a single party the devs who now take the role of Dev, Miner and node operator.

>>60768514
What do you mean “if” we sink? The network is being pushed to the brink by ONE autist. Imagine if there were two!

It’s already fucking over

>>60768533
kek. you think we sunk? why are you here still? it is over.

>>60768516
I agree, but cpu only mining is retarded. It's the devs gatekeeping the free market for hash rate. No wonder there are now hash problems.

>>60768543
>but cpu only mining is retarded.
how new are you to monero? which one are you: class of 2024 monero basedcial media cohort, or a bitshit concern troll? I wager the latter.

NEW THREAD: >>60768549
>NEW THREAD: >>60768549
NEW THREAD: >>60768549
>NEW THREAD: >>60768549
NEW THREAD: >>60768549
>NEW THREAD: >>60768549

>>60768542
I want to see if the only useful currency actually makes an intelligent decision at a critical juncture

>>60768553
kek. at most you have half-baked ideas about what you want. It is good that the network doesn't bend to your whims.

>>60768543
how do you keep mining viable for all of us with a computer but no shelf of high end gpus? thats why its cpu only, so gpu farms don't hoard it all. with all this ai shit its gonna happen if allowed to just like with all the other coins

>>60768548
I've been here years. I told you niggers last year this sort of attack would happen and it happened exactly as I described it. I have been talking about the importance of price to network security for years. I have been telling you that your op is a Fed for years because he is.

Sha256 mining isn't ASIC mining, it's the free market, let the best hardware win. RandomX explicitly gate keeps what hardware you're allowed to use which is by definition anti-free market.

>>60768560
You are literally describing a planned economy which didn't work for the Soviet Union. It didn't work for China. Let the free market decide what hardware is the most efficient for hashing before you get pushed into an even more centralized proof of stake where your commie devs are the Party.

>>60768573
that runs against the idea though and would just make xmr yet another pump and dump coin for the profit seekers. now people can mine xmr without spending tens of thousands in hardware for diminishing returns

>>60768587
Yes, and now A single autist owns 40% of your hash rate for your socialist policies.

>>60768597
everything will be fine. unknown in a pie chart isn't the same as a single entity having all of that

>>60768573
you can also make randomx machines and a free market around it.

>>60768618
40% is straight from the devs
>>60767953
>Luke Parker was on Monero Talk yesterday and confirmed that Qubic has reached up to 40% of mined blocks

>>60768644
i believe one even exists already

wagmi desu