ITS HAPENING

ITS HAPENING

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monero.stackexchange.com/questions/23/what-is-the-purpose-of-the-tail-emission
havocscope.com/market-value/]
coinmarketcap.com/]
medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800
twitter.com/NSFWRedditGif

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LMAO.

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verge shill go

nothing special happening only asians buying

>sold $40 worth of Monero to buy some Wojakcoin
>Wojakcoin crashes from 96 sats to 25

I'm still doing great but god damn. No more shitcoins for me. BTC, ETH, Monero all the way. If I had just held those for years and not given a fuck, I'd have done just as well if not better than I've done by fucking with bullshit coins.

Monero is what Bitcoin was supposed to be.

Private and decentralised and fungible.

If A Bitcoin can be worth $5k, Monero can be worht as much if not more. It does more.

I don't even need to shill, I fucking love this coin.

>private blockchain
>unlimited amounts
>adaptive blocksize
Let me guess they didn't realize segwit + LN is the only way to increase network capability.

asian buyers create moon missions daily

this

you speds are only confident and excited after obvious pumps

>He doesn't know what disinflationary means
Top kek

>believing in disinflation

HAHAHAHAHAHA

A deflationary currency means nobody is going to be spending it.

True Monero has infinite supply, I was a bit worried for this at first.

However the inflation is linear, so each year the inflation percentage will be lower. But the inflation is good since it keeps miners mining.

And the inflation takes forever: 1,000,000 new coins in 10 years. In addition some monero may be lost due to various reasons. It's really not as bad as you think.

BTC for example is going to have huge issues when the run out of new BTC to mint. The fees ill continue to skyrocket without an end in sight.

TL;DR The inflation is linear + good because miners would otherwise ask high fees

Well percentage wise the guy is correct. Each year the inflation will be less compared to all the coins in existence.

Such is the nature of linear inflation, fiat has exponential inflation for comparison.

That's what I hope, but to what? 10x? I have a sell order set at 500 sats.

To put it all a bit in perspective:

Over 10 years Monero's average inflation will be: 0.52%

Over 100 years Monero's average inflation will be: 0.052%

So yea even after 100 years Monero's supply still will not have doubled. It will take around 200 years. By which you will be long dead.

For fiat the inflation remains @ 2% every year.

After 10 years you have 20% more fiat (only 5% more Monero)

After 100 years you have 624% more fiat (only 50% more Monero)

And after 200 years you have 5100% more fiat (only 100% more Monero)

I really do not see how people think inflation is health for the fucking economy. The amount of total wealth will go 50x in 200 years.

What else can you tell me about the merits of Monero?

I've been hearing good things about the privacy of Monero, even from notorious bitcoin absolutists.
At this stage it's also a time-tested institution in crypto.
I get the sense that Monero is the ninja sidekick to the protagonist; stealthy, indispensable, head and shoulders above the rabble, but not quite front and center.
Is Monero next in line if BTC/BCC bite the dust from too much infighting?
Or will Monero continue to do well even in the shadow of bitcoin?

It's going to overtake Bitcoin eventually. Once the DNMs adopt it will skyrocket however that could be anything from a few months to a year.

if bitcoin dies when it hits it's circulation cap, monero will be the one to take over.

So why monero and not ethereum for instance?

>momentarily drops below 0.0346
>SELL ORDERS

Monero's dev team is privacy focused almost to the detriment of the coin at times and the coin itself was designed from the ground up to be just a simple currency. It's not aiming to be some kind of blockchain 3.0 technology.

Ethereum is more like a platform for other side projects that want to use the Ethereum network's blockchain. It can function as a currency directly but that's never really been its primary intention.

monero is private and fungible. It's simple, basic shit, but those qualities are important to be able to use it as currency.

Its competitors so far on those fronts aren't as impressive, worth comparing for yourself.

Better privacy and security. After the shutdown of Alpha bay and Hansa they will be looking for a much more secure currency it also has a pretty good dev team. Don't get me wrong ETH is going to go up significantly in the next two months and allot of money can be made but XMR is going to be in it for the long term.

>Bittrex API doesn't update Monero data for an hour

Wow, privacy virus in full swing I guess

can't wait for that pony faggot to shake off all the weak hands and put monero where it now belongs - at $70

Monero has some other key aspects for it to be a good virtual currency:

>Private blockchain
This means that people can't see how much Monero you own or which transactions you made. (This is possible with BTC)

>Dirty money
Imagine somebody uses BTC to buy Childporn. (illegal) and guy who receives the money uses it to buy some plasma tv you are selling. Suddenly you are in a web of childporn traffickers. And your funds might be frozen until the police figures it all out. With Monero transactions are untraceable so this is not an issue.

>Blocksize scaling
Monero's blocks scale with demand. More people using it => bigger blocks. (it uses an algorithm for this)

>Opensource
All the code is publicly available for people to check for any backdoors the FBI, CSI, ... might be exploiting

>ASIC resistant
ASIC's are super computers which can mine certain coins incredibly fast. (Example: BTC) Monero has safeguards against this, so you can use your laptop to mine some yourself. (You do not need fancy equipment)

They are also developing other technologies to hide your IP so you become even less traceable.

It's really an awesome coin. Planning to buy some more later.

>childporn seller buys a TV from you with a hundred dollar bill
>implying the cops will come to your house and confiscate the hundred dollar bill

or maybe you just proved that fiat is superior, either that or it's a completely stupid and unrealistic thing to be worried about, hmm

>ASICs are super computers
no
they're specialised computers
like an fpga but not reprogrammable

what are the anti-asic safeguards?

told you guys to sell at 145, faggots

>selling for under 1k

no fucking shit the fomo was real breehs glad i didnt step in it. no fucking big asian invester or korean is gonna invest at that high

it's just getting started there, chap

It's 146 now tho

Fiat has a myriad of other problems.

And you are only partly correct, in the traffickers case the cops won't come and confiscate it. However...

Each bill has a unique ID stapled on it, if you where to somehow steal some large amount of money that has been printed they can trace you with those IDs.

Those ID's indicate where a bill came from, leave a trace.

Not being able to do so (like with gold) is called fungability.

>burgers are awake
say goodbye to gains for at least 8 hours

I was trying to make it understandable for other people user.

I am not a mathematician or have sufficient knowledge about this topic. But it is mentioned on Monero's website. If you understand maths better then me feel free to compare the source code and how ASICs work.

from stack exchange:
>Cryptonight requires 2 MB of fast memory to work. This means that parallelizing hashes is limited by how much memory can be crammed in a chip while keeping cheap enough to be worth it. 2 MB of memory takes a lot more silicon than the SHA256 circuitry, for instance.
>Cryptonight was designed to take advantage of the AES-NI instruction set, which uses existing hardware circuitry on modern x86_64 CPUs to speed up AES operations (Cryptonight is based on AES, a modern symmetric cipher). This means that at least some of the work done by Cryptonight is already being done in hardware when run on modern consumer machines.
>There has been some talk of replacing the PoW algorithm with Cuckoo Cycle (an alternative PoW hash designed to be ASIC resistant too). If such a switch happened, the R&D cost of developing a Cryptonight ASIC would be lost in large part, since they could not be used for Monero anymore.

Think of Monero as that hundred dollar bill but in digital form, and decentralized.

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polo is rigged as hell. motherfucking bot just pushes the price at will.

Buying that dip for Wednesday.

what's on weds?

Cup & Handle forming for the trader faggots,
investors hold for $1000 monero

look at this virgin retard who doesn't know what a cup and handle is and just repeats TA shit he read on Veeky Forums

Sorry, are you too poor to afford glasses or are you just a rube?

I'm surprised Monero was able to make a comeback.
It took a big image hit during a few weeks ago and that was the reason why I went out.

You talk about Monero like it's some kind of corporation.

No.

is it now?

I didn't say it would crash, I said "sell now and buy back later when it dips" you'd have to be really mentally challenged to hold at ATH

> Mixing*, No*

What is with the asterisk with these Verge? What does it mean?

>buying a coin for pedos and narcs to use
>trusting the pedos and narcs wont dump their shit on you when they want to cash out, just like they pumped it when they cashed in

what do you think a narc is?...

westerners are perma bears and literal retards
>h-heh, what a p-ponzi
>cant even buy burgers
>muh SEC
>what gives it value??
>stop gambling user
>bitcoin core
asians are saving crypto

As a westerner, you're probably right

Both westerners and burgers do this. Screw you cucks

Do i cut my losses or will it moon over night again HELP HELP HELP PINK WOJAK

Lol, not my fault buddy, I never sell

Lmao narcs.

Retard.

well in spanish a "narco" is short for "narcotraficante", now that I think of it, you call "narcs" the DEA (for example), so yeah, my bad

you still understood my point, didn't you?

Sell it's gonna dump super hard soon.

Buy it's gonna moon super hard soon.

Koreans are sleeping, low demand right now, panic selling about to ensue. Get out.

pussy

wtf did you smoke.

let the autism kick in

compare it to USD/XMR
the demand comes from dollars, the BTC chart follows

how many of you bought this with USD/USDT?

you're playing someone's else game

Koreans are going to wake up and buy more. They know what's coming and they know where the value is, they don't have bags.

weren't the koreans supposed to make this moon yesterday?
the price went up from hype, koreans are smart enough to not buy at ATH

And yet, it mooned yesterday. FOMO is a human condition btw.

I'm in the camp that see $1k value in XMR, and I think it could go much higher than that. Needs to address scalability.

user, answer me a few things:

(1) what is the size of the online black market
(2) what is the velocity of monero per year
(3) what is the circulation
(4) what is the implied valuation from 1, 2, 3?

When do you guys predict the next major rise, or at least something like yesterday's ATH?

World Black Market Value: $1,812,102.83 Million ($1.81 Trillion) [havocscope.com/market-value/]

Monero Market Cap: $2,075,890,819 ($2.08 Billion) [coinmarketcap.com/]

That's all you really need to know.

(5) What is the size of offshore wealth

20kb transactions
that's all you need to know

Unbreakable anonymity
That's all you need to know

i've suspected this for years.

already addressed in the september update

Hard fork coming in September

SELL SELL SELL

what am I supposed to see here?

They realize lightning network is needed, but it is lower priority than the current planned shrinking method fluffy blocks which would be more effective. Lightning network would also be somewhat easy to implement since segwit, an essential component of LN, is theoretically (and only theoretically) already able to be activated. The adaptive block-size is only to avoid panic attacks, like what was seen with Bitcoin/Bitcoin-crash.

Lightning is literally centralization for Monero. Holy shit it's a shit idea and will never find it's fucking way into Monero.

It literally uses banking nodes to fix it problems. Holy shit you are such a retarded piece of shit

medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800

What we fucking NEED is a way to not need pieces of the blockchain anymore. For monero it would be even better if only parts of the blockchain would be stored.

The transaction time is not the issue, the blockchain size is the issue

From what I understand Monero devs are already working on scalability, like inner-forks, like a stock-split concept