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Cryptocurrency

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>SAAR! SAAR! uhhhh there's a Paki looking at me through this glass ya kuchh is tarah ka
SAAR! This train collision was caused by PakistanisDon't redeem any card you see. Shill H1B visa while dodging trains to make Bharat a superpooper.

Buy my PEPE CRYPTO SAAR!MY SIDES! THIS PAGE WILL MAKE YOU KEKFROOGOOGAGAS ARE PRAISING KEK ON THIS PAGETHIS PAGE IS FROM KEKISTANpepe laugh fangs.jpegPATRIQTZ ARE IN CQNTRQLSKIBIDI FROG FROG FROG KEK KEK, SKIBIDI FROG FROG SOYCUCKKEK, IT'S KINO!ATTENTION NUSOI, THIS MESSAGE IS FROM THE ADMINISTRATOR/qa2/ IS TAKING OVER THIS PAGEIT'S OVER FOR SOYCUCKS KEEEEEEEKKEEEEEEEEEK DO NUSOICACAS REALLY??NUSOISLUTTAS WILL NEVER RECOVER FROM THISOHNONONONONONO NUSOIPOOPOOS WHAT IS THIS????SOITROONKIKES CAN'T WRITE KEEEEK!!!SHUT IT DOWN SOYTROONSSHADILAY, SHADILAY!JSID! JSID! JSID!
Cryptocurrency is (((Jewish))).
Saar this page do not have virus, you are going to do the downloading of all files on this page into your computer.
Shilling cryptocurrency on any Soysphere site WILL get you banned for rule 3.
This page is a stub or is unfinished. (You) WILL help by expanding it.
An example of a crypto rugpull scam, kindly demonstrated here by Bapepe

Cryptocurrency is a digital and decentralized form of currency created by the jews that is based on blockchain technology. Although originally regarded as a method through which shady hackers could exchange illegal material without federal oversight, it has become far more commonplace within the past decade (AKA it lost all of it's original based intentions to overthrow the banking system and is now nothing more than an investment opportunity). Today, cryptocurrency is a common avenue of financial speculation.

The first cryptocurrency, Bitcoin, was created by "Satoshi Nakamoto" in 2008; the first recorded transaction was the exchange of 10,000 BTC(this is worth hundreds of millions in USD today) for a pizza.[1] Over the course of the 2010s, Bitcoin's value grew immensely, and other cryptocurrencies (most notably Ethereum) began to pop up as well. Government responses to cryptocurrencies have varied widely across the globe: El Salvador codified cryptocurrency as legal tender (up until 2025), while China has banned it entirely.

As cryptocurrency became more well-known by the public, many shitcoins (low-value tokens attempting to replicate Bitcoin's meteoric rise) appeared; the most famous one,Dogecoin, was endorsed by Elon Musk ximself. Crypto rugpull schemes have become a common occurence, which invariably follow the same structure: the shitcoin's creators allot themselves tokens before the coin's release, the coin debuts to the public, retards spend millions of dollars on the token (the value of which then promptly plummets). This type of scheme is commonly referred to as a "Pump-and-Dump", and some people STILL fall for them despite this exact thing having happened dozens of times.

This should go without saying, but if (you) see a soy-related coin (e.g. something called "$SOY" or "$COB") being promoted, DO NOT FUCKING BUY IT. You VILL lose your money, and it will be entirely your own fault for being a gullible faggot.

Technology

Blockchain technology involved chains of blocks. These blocks contain information about the block itself, the block behind it, and the block infront. This makes a digital leger. This also means that EVERY single transaction is visible, SO NEVER CONNECT YOUR BITCOIN ADDRESS TO YOUR REAL LIFE IDENTITY - NEVER BUY FROM A CENTRALISED EXCHANGE - USE A DIFFERENT ADDRESS AFTER EACH TRANSACTION.

To add new blocks, you must complete a Proof of WorkTM. This is done to prevent fraud. Proof of Work is very simple, the chain gives a number between 1 and 10 thrembillion, and if your GPU guesses that number correctly (it guesses a LOT of numbers), then the block is mined. To incentivize mining and therefore the function of the system, mining a block gives you a certain reward (For bitcoin, this is 3.12 BTC, which is about 150,000$). Because of this, bitcoin mining is very popular in countries with cheap electricity. But if (You) want to mine crypto, you should consider that Solo mining (where its just you mining) almost never gives rewards (its equivelant to buying ~12 lottery tickets every day). So, you should mine in a Mining Pool.

Mining Pools are basically a collection of computers mining the same block. This means that blocks (and therefore rewards) are mined at a much faster pace (maybe once a day), but you don't get the full reward, you only get your fair share which is typically a couple dollars because your PC is not good.

Monero (ticker: XMR) uses different mining technology that I dont want to type out because im an SLF. Basically, mining in a pool increases the risk of a 51% attack, which can happen if the pool controls most of the network hashrate (think, a pool gets so large that it can just print new blocks on its own and enact fraud). So, XMR presents P2Pool mining which works on some Terry davis decentralised shroom magic shit that makes the network more secure. Its also the most accessible currency to mine, as it only requires a CPU which almost any computer has. Even a shitty Thinkpad from the 2000's can get a couple dozen cents per day on the nano pool mining XMR. Because XMR is anonymous and untraceable, its illegal in many countries. Before using it, check up on local laws and make sure you have good OPSEC, so even in the event of your country banning this freedom currency you'll stay safe.

People who have ran crypto rugpull schemes

Cryptocurrency OPSEC

Also see the OPSEC page.
Everything done with Bitcoin and Litecoin is PUBLIC INFORMATION on the blockchain. It can and will be traced back to (You).
NEVER EVER SEND YOUR CRYPTO DIRECTLY FROM AN EXCHANGE TO A VENDOR.
Using cryptocurrency does NOT MEAN YOU CAN USE IT FOR ANY ILLEGAL PURPOSE. YOU WILL BE 'NISHED AND HAVE THINGS NEVER DONE TO YOU BEFORE.

Anonymous currency and payments are a very complex topic. Therefore, this guide's approach is to first inform you about the legality of crypto, how to securely obtain Monero, and, finally, provide you with resources on setting up a wallet and additional recommendations. As a reminder, Soyjak Wiki is not a financial institution, does not provide financial advice, does not advocate the use of anything on this page for illicit purposes, is not responsible for you getting scammed by Indians, and nophono cares about anything written here. It is recommended you do further research beyond this page before doing anything. Some places to start are linked at the very end.

The following guide recommends you use Linux. Avoid using Windows, lest jeet vibecoders tomorrow cause BitLocker to nuke everything on your PC and make all your Monero go poof.

Legality

It is illegal to use cryptocurrency for money laundering and supporting anyone unfriendly to Israel. Doing so will get you 'nished and possibly sent to prison.

Though this depends on what shithole you reside in, Amerimutts, Eurocucks, and in other 3rd world countries, you report any transaction of roughly $10,000 or more to tax authorities, and may not hide the transaction. Doing so will result in said tax authorities sending Rapeson your way. To be safe, check up on local laws before doing anything so you know how to proceed. Also, you don't have this much money, nusoi, so don't worry too much.

Saar, shilling is your shiny brahmin crypto on is soyjack sphere is to result in you being 'nished for violating Rule 3. Mr. Nophono Cares is to be may be interested only. He is big prince and is have lots of money, reach him is at nophonocares@soyjak.st.

Now that the SNCA is out of the way, the biggest issue with crypto legality is Know Your Customer rules. Under the aforementioned laws, cryptocurrency exchanges are required to identify their customers. You must dox yourself by providing your real name, income, occupation, home address, and more information. That information is then linked to your Bitcoin address and subsequent transactions. Future legislation may even require exchanges to refuse service to "questionable" individuals.

Your Secure Options

Monero is a secure, trustworthy, giga-approved SNCA.

The only trustworthy cryptocurrency for OPSEC is Monero (XMR). Monero allows the sender, receiver, and transaction amount to be hidden. There are two ways to purchase Monero:

  • a P2P (Peer-to-Peer) exchange,
  • a decentralized exchange,

Some of these exchanges currently do not require KYC. But, eventually, the law will force them to KYS and adapt the rules. KYC-bought Monero is still better than no-KYC shitcoin; but once you buy Monero with KYC, your name is on that transaction, and you must report it to tax authorities without question. You are begging for a Rapeson visit otherwise. Of course, no-KYC Monero should also be stated!

A list of no-KYS services is available on this site. Tor

You can exchange currency or another coin, such as BTC, for Monero. Fees mean there won't be a 1:1 exchange of either, but it is absolutely worth considering converting all your shitcoin to it. You can also exchange XMR back into either cash or shitcoin. Do your homework before doing any business with anyone listed on this site, such as finishing reading this page first.

Why Monero?

If you've been asking this question while reading so far, you are a true giga, nusoi.

The anonymity Monero provides depends on a shitton of math and cryptography. How it works is way beyond the scope of this article, but if you want to learn more, click here. The tl;dr version is that even though your Monero address is permanent, every payment follows a unique, one-time-only "path" to it. The inputs and outputs are anonymous, and nobody has a clue as to whom they belong to or whom they are going to. Not only that, but the transaction amount is also hidden. Through cryptographic proof, the network can verify that no Monero was created or destroyed, and that only a valid amount was transferred, but does not reveal how much.

Monero is also not without issues, albeit it really has only one, and it is not an immediate concern. Monero's cryptography, as it currently stands, is vulnerable to a sufficiently powerful quantum computer. As of this guide's writing, no patch has been issued yet[2]. This is not a reason to not use Monero.

Monero's value might be more volatile than that of currencies and shitcoins. This may impact your financial situation.

Your Wallet

As the name implies, a Monero wallet is what stores your Monero. Keeping it safe is an absolute must; see the OPSEC page to get started, but you must really do your own homework on how to secure your wallet.

Though there are different wallets available, the recommended wallets are:

You can do some further research on wallets here.

Further Resources

Please visit the following links to get started on learning more about crypto, monero, wallet security, and more.

Snopes

  1. ↑ https://en.wikipedia.org/wiki/Bitcoin
  2. ↑ https://megalodon.jp/2026-0731-1251-45/https://github.com:443/insight-decentralized-consensus-lab/post-quantum-monero/blob/master/writeups/technical_note.pdf

Cryptocurrency is part of a series on
Computing

>pssttt... nusoi... use free software.

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SOYNY

Cryptocurrency is part of a series on

Economics & Finance

Money & Banking [+]

Money ♦ Currency ♦ Bank ♦ Central bank ♦ Interest rate ♦ Inflation ♦ Deflation ♦ Monetary policy ♦ Cryptocurrency

Government & Economy [+]

Taxation ♦ Government spending ♦ Fiscal policy ♦ Regulation ♦ Welfare ♦ Minimum wage ♦ Tariff ♦ National debt

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