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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 399 KB, 666x666, 38278932109.png [View same] [iqdb] [saucenao] [google]
58404650 No.58404650 [Reply] [Original]

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized P2P privacy cryptocurrency!

Monero is secure, low-fee, and fungible, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT ensure that Monero's blockchain is obfuscated -- In other words, the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a user willingly providing a view key.

Monero has also improved upon the scaling downsides of current popular cryptocurrencies. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of transactions increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier to entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward gradually approached 0.6 XMR in June 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.

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 Stats: moneroj.net

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

OFFICIAL WEBSITE - getmonero.org

WHERE TO GET MONERO?

>KYC:
Kraken
Bitfinex

>Non KYC:
LocalMonero
Morphtoken
Bisq
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official Gui/Cli
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo

>> No.58404964
File: 69 KB, 810x780, 1446726288001.jpg [View same] [iqdb] [saucenao] [google]
58404964

>>58404613
>I think a (maybe cheaper) Pass paid with Monero over Tor would be the best way to prevent spamshilling in completely anonymous way.
Allowing that doesn't seem to be in their interest. If I understand correctly, you cannot even pay for a pass directly with BTC to a given address, it's all done through (((Coinbase))) integration. Seems like we will all be moving to a different chan soon because of these measures.

>> No.58405011

>>58404964
Yeah. Last time I tried with Tor Browser, the Cuckbase payment page gave an an error. However, with the Tor private browsing mode of the Brave Browser, it did work and I bought it with Monero converted though FixedFloat or whatever it was.

>> No.58405122

>>58404964
>different chan
Suggestions?

>> No.58405208
File: 276 KB, 1700x1700, pepe monero.png [View same] [iqdb] [saucenao] [google]
58405208

>>58404650
there's always been spam on this board. seems to be a different reason for the new verification. what would stop a dedicated spammer from opening a hundred email accounts?
>>58404964
teach them how to run an xmr payment gateway

>> No.58405275

did the monerochan plushie spammer get stopped at the email verification?

>> No.58405296

>>58405208
It's always special pleading with these troons. The worst abuses on the board from from the ones agitating for more verification.

>> No.58405306

>>58405296
>from the ones agitating
yes, because i don't think it's about spam, it's about gatekeeping at a minimum, but mot likely it's about tracking

>> No.58405650
File: 6 KB, 355x60, marketcap.jpg [View same] [iqdb] [saucenao] [google]
58405650

Could monero get 100 percent crypto dominance? This is only apple marketcap after all.
>btc mining global supply chain disaster
>POS coin foundation SEC global lawsuit arrest chain reaction
>other POW coin collapse
>exchange mass bankruptcy black swan

100k monero would be pretty crazy timeline. Craig wright 100k meme with monero instead btc.

>> No.58405977

>>58404650
Monero is completely clogged, transactions taking hours to confirm. I thought dynamic block size was enough to deal with these spam attacks.

>> No.58405979

>>58405977
works fine for me

>> No.58406148

>>58405977
use a better node

>> No.58406231

>>58405977
The wallet code is supposed to bid above to allow the miners to make the blocks bigger. Looks like there might need to be more tweaking to be done.

>> No.58406249

>>58405977
These "spam attacks" are 20% of Bitcoin's tx count. What happens if Monero ever actually gets adopted?

>> No.58406334
File: 1.43 MB, 1024x1280, 1712050496156558.png [View same] [iqdb] [saucenao] [google]
58406334

>>58406249
Hard to say. Official wallets allow for bidding up past the algo, where feather is dependent on the algo. The oldest tx's are 3 hours old, so the algo is "working"?

>> No.58406679

>>58405977
Are you using the latest version of the GUI wallet? Are you using your own node or someone else's?

>>58406249
The blocks will scale to accommodate. But wallets need to ensure they have an algorithm to increase fees appropriately. Even the main GUI wallet had issues until a month ago, now they fixed it.

>> No.58406694

>>58405977
Wallet needs to be the latest github version, v0.18.3.3 to automagically increase tx fees. If you installed from a repo, it may not be there yet.

>> No.58406707
File: 19 KB, 613x197, 1705717978281814.png [View same] [iqdb] [saucenao] [google]
58406707

presented without commentary

>> No.58407109
File: 801 KB, 690x911, everything you wanted to know about Monerochan but were too afraid to ask.png [View same] [iqdb] [saucenao] [google]
58407109

Someone has donated $300,000 worth of XMR to the general fund over the past week. The Monero Research Lab is going to be busy.

>> No.58407381

So LocalMonero has blocked russia as a region to search for. Is there some secret way (maybe some remote region as a placeholder instead) to still use it? In general, what's the best way to turn crypto into russian cash or bank balance? If someone knows in this thread, maybe wrong thread sorry.

>> No.58407430

>>58407109
Holy shit... I remember those cases of cartels fixing broken roads so that they can smuggle stuff better and I wonder if this is similar.

>> No.58407434 [DELETED] 
File: 840 KB, 994x703, 1691422978913369.png [View same] [iqdb] [saucenao] [google]
58407434

Here's the email verification link:
https://archive.is/0Eh6W
>This session is now verified.

Works for the next ~12 hours.

>> No.58407808 [DELETED] 
File: 2.84 MB, 3468x3468, IMG20240416171436.jpg [View same] [iqdb] [saucenao] [google]
58407808

>>58407434
kek nice thanks anon.
I just got these in the mail. I planned to plaster them everywhere and post a pic for each one. But with this new email verification I'm not sure if I can be bothered. I'll still use em. Just not post a pic for each one I guess.
Fuck jannies bte

>> No.58407844

>>58407430
Cartels are CIA, but the US government likes to arm its enemies.

>> No.58407933
File: 388 KB, 700x869, 1713126858835427.png [View same] [iqdb] [saucenao] [google]
58407933

>>58407844
Also because they need to keep importing voters via illegal immigration (anchor babies) and distributing drugs to purge less compliant populations or most of the government would get voted out of existence.

>> No.58408068 [DELETED] 

>>58407434
>Here's the email verification link:
>https://archive.is/0Eh6W
>>This session is now verified.
>
>Works for the next ~12 hours.
Based.

>> No.58408319 [DELETED] 
File: 266 KB, 1200x1145, wirey.jpg [View same] [iqdb] [saucenao] [google]
58408319

>>58407434
thanks, this is the gayest change ever.

Reporting in
##################################
IRC - https://pastebin.com/kP1gZ1Hk
Education - https://pastebin.com/V0SFR8qU
Mining - https://pastebin.com/Rd1V8P5L
Nodes - https://pastebin.com/j6Vv2Xn6

>> No.58408344

>checkout post email verification biz
>realize only the most mind broken deranged shitcoiner cultists have verified
>relatively higher traffic threads include XRP and GME
>realize one of them is XMR
fuck it's over. I can't recover from this self-awareness. goodbye forever.

>> No.58408353
File: 375 KB, 576x1024, comfyUI_00001.webm [View same] [iqdb] [saucenao] [google]
58408353

Monero the cartel dinero

Just dropping obligatory Shinji pics (still at 20k mcap).

Ceterum censeo Shinji esse emerendam

>> No.58408489
File: 197 KB, 456x640, special ed ops.png [View same] [iqdb] [saucenao] [google]
58408489

>>58406334
>WEPOHTING FUH DOOTY THIR!

>> No.58408528

let's not fool anyone, you need privacy because you are a criminal. and monero is not even a coin at this point it's a way for criminals to move their money online. eventually all governments in the world will ban it, plus you are a nigger if you hold xmr bags because with it's infinite supply and no way of telling if someone is printing with some exploit you are asking for trouble, no sane whale will buy your bags, it doesn't have a narrative like even vc-scamshits, so in the end you are all holding a coin would definitely put your name in some list in 3-letter agency databases which will never make you rich. you can lie to yourself all you want like hurr durr xmr is resistant to censorship, as soon as it's banned, the price will got to -> $1. do whatever you want with this information.

>> No.58408534

>>58408528
>it's infinite supply
You suck at math retard.

>> No.58409025
File: 47 KB, 960x596, vibe check nigga.jpg [View same] [iqdb] [saucenao] [google]
58409025

>>58408528
>you need privacy because you a criminal
false. Never committed a crime with Monero, I have a right to privacy, you just believe that you should have domination over others and that those others don't have a right to privacy despite wanting privacy yourself (psychological disorder / delusional)
>nigger
yes you are
>put your name in some list in 3-letter agency databases
baby's first fear tactic, if you aren't already in a database you probably aren't a conscious human being (see:NPC)
I'd be butthurt too if I were you - people are waking up to the fact that they get nothing in return for being raped by using fiat currency and so they seek an alternative that doesn't involve slavery. Cope, seethe, and most importantly, get good.

>> No.58409550
File: 233 KB, 471x452, 1622504046069.png [View same] [iqdb] [saucenao] [google]
58409550

Another $110,000 of XMR donated to the general fund within the last 12 hours (and that's at current prices!)

Someone deeply loves Monerochan.

>> No.58409607
File: 148 KB, 428x414, 1710166095153345.png [View same] [iqdb] [saucenao] [google]
58409607

>>58408528
>you are a criminal
Not yet, but will be magically declared one in the future, it always happens in my country. So I'm preparing because I studied history.
What makes you think you will not be one unless you are so much of a shabbos goy that you serve the system relentlessly? Even then you are not entirely without risk.

>> No.58409609
File: 530 KB, 800x769, 1707328201477873.png [View same] [iqdb] [saucenao] [google]
58409609

>>58409550
>>58407109
Monero-chan is healing.

>> No.58410182

>>58409550
Unsung heroes. Where's the anon that made AI songs about Monero? Next one should be about the donors.

>> No.58410287 [DELETED] 
File: 3.14 MB, 2247x3371, .jpg [View same] [iqdb] [saucenao] [google]
58410287

Fresh email verification link:
https://archive.is/z1kH8
>This session is now verified.

Fresh email verification link:
https://archive.is/z1kH8
>This session is now verified.

Fresh email verification link:
https://archive.is/z1kH8
>This session is now verified.

Fresh email verification link:
https://archive.is/z1kH8
>This session is now verified.

Works for the next ~21 hours from the time of posting this.

>> No.58410338 [DELETED] 
File: 3.80 MB, 2247x3371, .jpg [View same] [iqdb] [saucenao] [google]
58410338

Fresh email verification link:
https://archive.is/z1kH8
>This session is now verified.

Fresh email verification link:
https://archive.is/z1kH8
>This session is now verified.

Fresh email verification link:
https://archive.is/z1kH8
>This session is now verified.

Fresh email verification link:
https://archive.is/z1kH8
>This session is now verified.

Works for the next ~21 hours from the time of posting this.

>> No.58410521

/bant/ thread dead?

>> No.58410678 [DELETED] 

>>58410521
It was never going to work out, hardly anybody knew about it. Using the verification links posted daily in here seems to be the best solution for now.

>> No.58411527

>>58408528
you glowies are way too scared of xmr sometimes and it really shows

>> No.58411570

>>58410521
>>58410678
I hope the /bant/ thread stays up to contain the schizo OP and his (you) bots.

>> No.58411592 [DELETED] 
File: 3.80 MB, 2247x3371, .jpg [View same] [iqdb] [saucenao] [google]
58411592

The link for verifying email (what you get in the email 4ch sends you):
https://archive.is/3Qpht
>The link for verifying email (what you get in the email 4ch sends you):
https://archive.is/3Qpht

Works for the next ~13 hours from the time of posting this.

>> No.58411620

>>58405122
plebchan

>> No.58411724 [DELETED] 
File: 73 KB, 286x348, 1708311466219011.png [View same] [iqdb] [saucenao] [google]
58411724

>>58411620
Your ID says FAP.

>> No.58411769
File: 482 KB, 666x666, 1686721669508201.png [View same] [iqdb] [saucenao] [google]
58411769

>>58411724
it's over. plebchan is cute though.

>> No.58412012

MRL meeting AI summary:

> There was possible spam on the Monero network on April 12-13 and a large number of consolidation transactions on April 16-17. The log discusses potential measures to counter a "black marble attack" like this in the future.
> There is discussion of a proposal for implementing Full-Chain Membership Proofs (FCMP) on Ring Confidential Transactions (RCT) before the planned Seraphis transaction protocol. This proposal aims to provide full sender privacy in a shorter timeline than Seraphis.
> There are disagreements expressed about whether to implement both FCMP-RCT and Seraphis, or choose one. Doing both is seen as potentially adding unnecessary complexity, while FCMP-RCT alone could provide the same features as Seraphis.
> Work updates were provided, including analysis of node network latency data and progress on the Seraphis library integration.
> The discussion did not reach a clear consensus and further discussion is needed on the FCMP vs. Seraphis debate.

Why were there consolidation transactions?

> One hypothesis discussed in the log for the large number of consolidation transactions on April 16-17 after the possible spam on April 12-13 was that the spammer had a limited budget and each output from the spam transactions was worth less than the fees required to create a new transaction with only that single output. Therefore, the spammer consolidated the outputs from the spam transactions into fewer outputs to reduce transaction fees.

What countermeasures were proposed?

> Increasing the ring size for transactions and potentially changing transaction fees were mentioned as possible countermeasures that could be considered if Full-Chain Membership Proofs do not reach a deployable state in the expected timeline.

> Introducing Full-Chain Membership Proofs with the planned Seraphis transaction protocol was listed under "omitted measures" since FCMPs are not currently in a deployable state and Seraphis is estimated to be 5+ years away.

>> No.58412096 [DELETED] 

>>58412012
Thanks for the summary anon. Finally something worthy to read in these threads

>> No.58412526 [DELETED] 

>>58411592
Based. Thanks.

(test)

>> No.58412544 [DELETED] 
File: 286 KB, 1920x1080, The.Expanse.S03E07.Delta-V.1080p.AMZN.WEB-DL.DDP5.1.H.264-NTG.mkv00001.jpg [View same] [iqdb] [saucenao] [google]
58412544

>>58411592
Tack

>> No.58412755 [DELETED] 
File: 146 KB, 377x375, 1708398317223135.png [View same] [iqdb] [saucenao] [google]
58412755

>>58411592
Thanks, so we are not moving to our own darknet altchan or wherever?

>> No.58412760

>coin that only exists because privacy
>had to use some shitty company email to access here, as there are no privacy options there
Delete this general, there is only sell outs here.

>> No.58412864

>>58412760
Not everything has to be super duper private and decentralized. No one cares what basket weaving forum you use.

>> No.58412988

What do you guys think about the ASICs supposed to come out in September? Could it result in a chain split or is it nothing since there are already monero ASICs and they aren't really game changing?

>> No.58413505

>>58412988
>there are already monero ASICs
There aren't though. The one that's sold as a miner is actually full of RISC-V CPUs, isn't it?

There's this: https://github.com/tevador/RandomX/commits/pr-randomx-v2/

I don't know how good it us at targeting commercial CPUs, but I really hope the devs don't give up on trying to make an algo that is ASIC and even custom CPU resistant.

> the ASICs supposed to come out in September
Link? I bet they are just CPUs.

> Could it result in a chain split
Why would it? Have people refused to move to a newer mining algo in the past?

>> No.58413528 [DELETED] 
File: 43 KB, 657x527, 1687975742870240.png [View same] [iqdb] [saucenao] [google]
58413528

>>58411592
Fresh verification link:
https://archive.is/VEarZ
>This session is now verified.
It will work until April 19th 16:40 Tokyo time: https://time.is/Tokyo

>> No.58414223

>email verification, phone number verification, coinbase verification and kyc
Place officially dead…guess I will move to darkenet altchans after all.

>> No.58414243
File: 28 KB, 640x400, bogdanoff_zii.png [View same] [iqdb] [saucenao] [google]
58414243

>>58414223
I like it here

>> No.58414340

>>58414243
It was good while it lasted.

>> No.58414387

I mine this shit in a pool with my below mid spec gaming PC for fun

>> No.58414936
File: 29 KB, 640x400, monero_zii.png [View same] [iqdb] [saucenao] [google]
58414936

>>58414387
I used to mine on azure free trial servers, I wonder if you can still get away with it. Or maybe with the Oracle always free tier machines.

>> No.58415113

>>58404650
Just updated my public node to v0.18.3.3, remember to update guys.

>> No.58415476

>>58414340
There are some XMR groups in SimpleX if anyone wants to join or even make a new one.

>> No.58415832

>enable email verification to combat spam
>spam remains
>privacy coin general dies
lamo

>> No.58415856

>>58415832
The Monero generals were botted to hell weren't they?

>> No.58415912
File: 32 KB, 490x578, GBgAIGmWAAATJDM[1].jpg [View same] [iqdb] [saucenao] [google]
58415912

How's it going guys pretty sure everyone is excited about the halvening

>> No.58415965

>>58415832
Just as intended

>> No.58416217

>>58415856
No, what are you talking about? they had some copypastas with info, but where did you see bots? Have you calculated what ratio these copypastas were? There were tons of regular posts.

>> No.58417425

do I park in moneroo for the 4/20 pump or btc for the halve?

>> No.58417516

>>58417425
>the 4/20 pump
the what?

>> No.58417697

>>58417516
That giant W it's been printing for 2 months.

>> No.58418419
File: 787 KB, 1024x1024, xmrchan.png [View same] [iqdb] [saucenao] [google]
58418419

>> No.58418539

>>58409550
What are they going to develop with that

>> No.58419606
File: 569 KB, 640x981, 7TTe188Ol_NkYXNZGVewa1ro_CoK2uPI8uPa_9Fh380.png [View same] [iqdb] [saucenao] [google]
58419606

>>58404650
ok drug dealer, I will not buy XRM, when there are equally safe alternatives such as SSNC.

>> No.58419787

Over $200,000 more donated to the general fund over the past two days.

>> No.58419802

>>58419606
ssnc isn't fungible and provides no anonymity

>> No.58420401

I have some Monero on Kraken and i´m from EU, what should i do if it´s delisted on my country. Can anyone help me?

>> No.58421275

>>58420401
maybe withdraw?

>> No.58421451

I haven't filed a tax return since 2012
I sold a bunch of bitcoin in 2013 before there was any kind of guidance and before strict aml reporting requirements. I never declared it even though it was like 6 figures, I moved it to another bank and closed the original receving bank just lived off that since 2013, being careful not to make large purchases or earn interest off it, i went full schizo; hiding my address and laying low, fortunately I was never audited

In that time I was also trading my crypto, never declaring my trades, always without kyc.
So anyway I have a good amount of crypto that I can't really use outside of covering basic necesseities by selling f2f. I wish I could just pay the tax but I'm terrified Ill get fucked in the ass in prison.

I'm afraid of doing anything that might trigger an audit, they'll see my past 7-10 years of bank transactions and maybe the origin of my money if the old bank didn't delete my records after 7 years.
My plan is to move to thailand and cash out there I guess, fuck my life desu I do wonder if Thailand will share my info with my home country even after I lose tax residency, fuck

>> No.58421473

>>58421451
Good luck Anon. Taxation is worse than theft. Thieves don't imprison you if you manage to evade them for a while.

>> No.58421541

>>58421451
you can cover a lot if you use bitrefill. its no-kyc. the only thing you can't pay for is rent basically or taxes. and some places actually do take crypto for rent. Argentina for example with Milei, you can settle contracts there in anything, bitcoin , gold , silver, dollars, euros.

>> No.58421641

>>58421451
>stealths.net
>coincards
>cakepay
?

>> No.58421677

>>58421641
stealths and coincards have 5% fees on prepaid credit cards, at least bitrefill is a bit better but doesn't support Monero. What are the fees like on cakepay?

>> No.58422606

did the email verification kill the btc cope redditor that's ruined these generals for years now?
probably the most based thing chinkmoot has done so far.

>> No.58422675

>>58405011
How would you pay with XMR anyway when the payment seems to have to go through Cuckbase or a specific wallet like with the pass?

>> No.58424461
File: 2.84 MB, 4096x3082, 1638652993256.jpg [View same] [iqdb] [saucenao] [google]
58424461

Time is a flat circle.

>> No.58426123

>>58404650
What happened to the massive OP pasta?

>> No.58426128

>>58422606
The gay get out moonfags spam ruined these threads. Bitcoin is better by the way

>> No.58427059

>>58426128
>Bitcoin is better by the way
Lol sure. Get out moonboi.

>> No.58427395

>>58404964
based you mention this thread
>>58405122
>>58411620
soon brothers
working on something

>> No.58427594

>>58421451
are you NEET? you can cash out via kyc if you declare it as long-term capital gains with no cost basis and keep it close to or below the 0% tax bracket, which I think is around $44,000 for singles, you should be fine. As long as you don't give them a reason to believe they're missing out on money they're *entitled* to, they shouldn't audit you.

>> No.58427596

>>58427594
i'm no lawyer but i think this is where monero shines - as long as you don't sell more than your initial investment, the IRS wouldn't be able to tell that you swung any profits without seeing a wallet balance increase, for example, that they could if you kept bitcoin or didn't wash it.

>> No.58427765
File: 2.39 MB, 1024x1536, 04086-2051452104.png [View same] [iqdb] [saucenao] [google]
58427765

New banger:

> Monerochan - Midnight Garden Blooming
https://www.youtube.com/watch?v=ogStrtop_0c

>> No.58429443

>>58427765
Voice is a lot clearer in this one. Sounds good!

>> No.58429474

>>58404650
lmao, monero...
I'll stick to Zcash, thank you very much

>> No.58430128

>>58429474
Good idea if you're a bootlicker.

>> No.58430131

Monero is helpful, is it not?

>> No.58431213

>>58427395
just make a board on plebchan
check the readme here: https://github.com/plebbit/plebbit-cli

>> No.58431408
File: 105 KB, 1920x1080, monero flag.png [View same] [iqdb] [saucenao] [google]
58431408

>>58422606
Does seem to be the case
>>58426123
Wondering the same. Hard to believe years of XMRG pasta posting could be stopped by an email
>>58430131
Helpful now, but someday indispensable

>> No.58431539
File: 266 KB, 1200x1145, wirey.jpg [View same] [iqdb] [saucenao] [google]
58431539

Reporting in
##################################
IRC - https://pastebin.com/kP1gZ1Hk
Education - https://pastebin.com/V0SFR8qU
Mining - https://pastebin.com/Rd1V8P5L
Nodes - https://pastebin.com/j6Vv2Xn6
##################################

>>58431408
ok I caved and verified one of my lesser-used emails.
I can assure you it's exactly why the generals are dead now.

>After this email has been sent, your email address will be purged from our servers. We will not retain long-term records of your email address.

>after
how long after?
>we will not retain long-term records
what *exactly* is long-term?
Does someone else retain long-term records?
COULD someone else capture or recover these records somehow? Are you sure?

Yes I'm being a stinky skeptic and I know things are more complicated than that and that this is all incredibly schizo and hypothetical, but for something like the community around Monero, it makes sense why everybody all up and vanished on the same day you actually needed an email to post on 4chan. We need an alternative place to post these generals.

>> No.58431707

>>58431539
You're absolutely right to be skeptical.
>can't post from VPN
>can't post from tor
>circumventing either of these bans requires the use of a 4chan pass which can only be paid for through coinbase
>now they require an email every single day
This seems less about spam prevention and more about de-anonymizing users. I don't know what is going on behind the scenes with 4chan communicating with the feds but it's definitely suspect that an ANONYMOUS IMAGEBOARD seems uninterested in providing any way to actually post anonymously.

>> No.58431728
File: 97 KB, 1010x611, GL9CYaWWQAAr_ru.jpg [View same] [iqdb] [saucenao] [google]
58431728

so how do we protect monero devs?

>> No.58431825

>>58431728
We don't. Monero works or they go to asspound prison.

>> No.58432510
File: 717 KB, 800x1000, swoonerochan.png [View same] [iqdb] [saucenao] [google]
58432510

Monerochan

>> No.58432983

>>58412012
MRL meeting (24th April) AI summary:

> Researchers discussed KayabaNerve's proposal to implement forward-secret FCMP++ which adds an extra proof of discrete logarithm compared to the non-forward secret version. This was favored over the non-forward secret version.
> Rucknium presented a framework to evaluate tradeoffs between raising the ring size and increasing transaction fees to defend against black marble flooding attacks. Preliminary results found raising the ring size to be more cost effective.
> Tevador is working on a Jamtis version compatible with the FCMP++ key format and incorporating the 4-key variant with flexible view tags. Adapting the existing Seraphis codebase to the new key formats was also discussed.
> Having a unified anonymity set by not invalidating old addresses has benefits but risks technical debt, performance issues, and prohibits goals of the Seraphis upgrade like faster transaction times.

>> No.58433001

there should be an xmr general on /bant/ along with smg etc, you losers should go there

>> No.58433056

>>58404650
Why is XMR dumping? Because weed got legalized in Germany?

>> No.58433203
File: 1.17 MB, 1098x542, XMRMiner.png [View same] [iqdb] [saucenao] [google]
58433203

Thought I would share my project over the weekend, I have like 10 old laptops sitting around and thought it would be a fun project to setup xmrig on all of them and then setup a central PC to monitor each laptops screen, I currently have 8 of them setup and am working through windows updates on the last two.
Using NoMachine as a the remote desktop viewer. I have no expectations of making any money off this setup, I work in IT and this is more of a hobby project to setup a bunch of remote desktop workstations, but I think it's neat. (I also setup an old wifi router with openwrt and set it up as a bridge so all the laptops are running off wired ethernet through the router, this allows me to rate limit them all through one device so they don't bog down my internet, I will clean up the cabling when I finish the last two laptops)

>> No.58433349
File: 169 KB, 500x581, 7-40-7-40-are-you-okay-not-really-but-whatever-3368878.png [View same] [iqdb] [saucenao] [google]
58433349

So I heard some bitcoin devs got arrested recently. Now there's a reddit thread talking about all the ways to hide your transaction. Isn't that literally what Monero is for? kek

>> No.58433429

This is a bit of a more general question, but I dunno if it's worth making a new thread over.
I'm talking to a JP indie creator about translating his work. He wants to protect our anonymity so that his real name doesn't get out during payment, but finding a payment method has given him a problem with other asian language translators before and caused delays to actual development.
Is there a crypto transfer service that's
a) simple to use and
b) supports Japanese?
The ones I find seem to be one or the other. I did explain that Paypal lets you set a business alias but since he'd have to trust that I'm right on that, I figured I might as well look into other more complete privacy options while I'm at it, and if I'm doing that then it needs to be something he could research on his own without having to trust me as a tour guide.

>> No.58433569

>>58433429
You pretty much need to have a shell company or a trusted friend who isn't afraid to fence payments. Crypto is either not anonymous or hard to use.

>> No.58434095

>>58433349
>Isn't that literally what Monero is for?
https://yewtu.be/watch?v=MHaDkeolIZM
no monero is a shitcoin that will go to zero and swapping between bitcoin and monero leaks privacy which is moneros fault

>> No.58434126

>>58433429
monerujo is an android monero wallet that supports japanese.
in terms of difficulty it's just as any other crypto wallet really. no big deal if you have used crypto before.
onramp with trocador or localmonero
(also rip ur friends savings if he doesn't use crypto yet)

>> No.58434168

>>58434095
Did you actually just unironically link "Bitcoin University"?

>> No.58434938
File: 152 KB, 1313x893, 1701170857843755.png [View same] [iqdb] [saucenao] [google]
58434938

check out this 1 day percentage graph

>> No.58435027

>>58434938
Next week is probably gonna see some climactic moves.

>> No.58435250

>>58435027
wait for me to buy back in plox

>> No.58436733

bamp

>> No.58436925

>>58404650
verified xmr chads unite

>> No.58437239
File: 1.61 MB, 800x1109, Vanishing Point.jpg [View same] [iqdb] [saucenao] [google]
58437239

>>58435027
>Next week is probably gonna see some climactic moves
It's just crabs all the way down.

>> No.58437791
File: 197 KB, 600x838, 1686850597266499.png [View same] [iqdb] [saucenao] [google]
58437791

>> No.58437819

>>58437791
Monkey logic. As if the amount of monetary units in circulation matters to how useful an infinitely divisible currency is.

>> No.58437853

>>58437791
>>58437819

So there burning monero reducing the circulating supply effectively increasing the wealth of Monero holders?

>> No.58438226

>>58437853
Yeah they just spread the value of the burned XMR over all XMR savings.

>> No.58438284

>>58437791
Based retards.

>> No.58438322
File: 88 KB, 680x680, schemingnegevchan.jpg [View same] [iqdb] [saucenao] [google]
58438322

>>58433349
who fucking cares that's on them for being stupid. btc users will never fucking learn that bitcoin will be private or anonymous.

>> No.58438346

>>58437791
No fucking way, they will just sell it and pretend they destroy it

>> No.58439735
File: 664 KB, 936x900, monerochan two thumbs up transparent.png [View same] [iqdb] [saucenao] [google]
58439735

Monerochan

>> No.58439851
File: 1.38 MB, 1024x1024, moon-moner-emblem-1024x1024.png [View same] [iqdb] [saucenao] [google]
58439851

THE MONERO M00N newsletter is back with ISSUE 65!

Check it out to find out everything that's been happening in the world of Monero as it continues to grow and offers unmatched financial privacy.

https://www.themoneromoon.com/p/the-monero-moon-issue-65

>> No.58441043
File: 692 KB, 650x975, 1618509179537.png [View same] [iqdb] [saucenao] [google]
58441043

>>58439735
Yes

>> No.58441730
File: 94 KB, 1110x402, 1698933070082699.png [View same] [iqdb] [saucenao] [google]
58441730

BTC and alts are dumping, XMR is gaining sats.
Tell me, what is the real hedge, BTC maxi?

>> No.58441795 [DELETED] 

https://youtu.be/okV8zO7z8wM

>> No.58441804 [DELETED] 

>>58437791
you can't burn monero, you can only send it to a wallet

>> No.58441849

>>58441804
You can create a wallet with an unknowable spend key, which is essentially a burn address.
https://monero.stackexchange.com/questions/10780/how-does-one-burn-and-provide-a-proof-of-burn-in-monero/10783#10783

>> No.58442430

lets just not delude ourselves into thinking they will just burn it... they are just gonna pretend they dont have any and then dump it meticulosly when the time comes

>> No.58442920 [DELETED] 

>>58442430
I've always said that kikes (western governments) and affiliated organizations need monero more than we do for international blackops funding

the way they did it with that ukraine theater shooting, supposedly the russians have tracked the crypto they used to pay them

real sloppy work

>> No.58442929 [DELETED] 

>>58442430
I've always said that kikes (western governments) and affiliated organizations need monero more than we do for international blackops funding

the way they did it with that russian theater shooting, supposedly the russians have tracked the crypto they used to pay them back to ukraine

real sloppy work

>> No.58443253

>>58441730
wait until we get back up to .05 to start casting stones for price action

>> No.58443816
File: 3.34 MB, 900x2705, 1714705358265547.png [View same] [iqdb] [saucenao] [google]
58443816

Its interesting how XMR has seemingly detached from BTC and is now its seems to be in its own gravitation pull immune from BTC.

>> No.58444092

>>58442430
Dumping a medium of exchange is no less stupid. You just enrich guys scalping the bounce instead of hodlers.

>> No.58444122

Can someone explain to me why i got a letter in the mail saying I have 40k worth of monero to my name? I've never touched the stuff

>> No.58444148

>>58443816
Glad to see someone here actually uses their monero to buy crack.

>> No.58444173

looking for an alternative to FixedFloat. that shit is barely operational.
I remember landing on a website that aggregates exchanges and gives you the ones with the best exchange rate. looking for this as well.

>> No.58444411

>>58444173
I believe you're thinking of Trocador

>> No.58444557

>>58444122
From who? The IRS? Afrikan royalty?

>> No.58446401

>>58444122
It's another episode of can't tell if zoomer or boomer.

>> No.58446739

>inb4 wangblows
Just downloaded an update for the GUI and wangblows gives me the choice of "quarantine or remove". What do?

>> No.58448028
File: 168 KB, 1115x838, Screenshot 2024-05-05 at 15-08-06 XMRUSD 132.38 ▲ 7.45% Default.png [View same] [iqdb] [saucenao] [google]
58448028

OUT OF MY WAY NIGGERS

>> No.58448303

>>58444122
sad it was a mail and not a transaction on your wallet

>> No.58448617

Hi frens, hypothetically speaking, when chain analysis takes off and demand for XMR significantly grows, would any of you atomic swap for BTC or ETH? If so, why?

>> No.58448797
File: 45 KB, 500x500, am i retarded.jpg [View same] [iqdb] [saucenao] [google]
58448797

Is it worth using monero as a middleman? Can't buy anything I want to buy using XMR.
I've looked around a lot and haven't found anything that comes close to answering this question:
>traceable fiat currency goes to XMR
>XMR is paid to someone for a product
>XMR is converted to traceable fiat currency so it can actually be used for a purpose outside of crypto spheres
Does it work like this? Couldn't the money be traced once it's been converted to 'real' money?

>> No.58449209

>>58448797
>couldn't the money be traced
You're just tracing dollars at that point, not exactly difficult.

That wouldn't point you to any sort of onchain information, though.

>> No.58449232

Do any anons buy shit coins here, I want to make something that would help monerochan but there's very little creating something on a chain no anons use?

>> No.58449239

>>58449232
I don't understand how your question relates to the rest of what you said.

>> No.58449243

>>58449239
Think onchain market maker that's non custodial due to it being a token with a 50/50 split half the profits going to buy and remove xmr from supply

>> No.58449277

>>58449243
I thought XMR didn't have scripting capabilities onchain, so I'm not sure how you can do this. Also, market maker for what trade pairs?

>> No.58449295

>>58449277
That's why I'm trying to get some sort of consensus if anyone uses any network outside of xmr?

It'd be dumb to make something on say BSC if anons are using say Matic and op for instance?

It'd be against the majors the thought process is similar a cordyceps, basically implanting wherever I wanted to and while yes providing liquidity at some level aiming to be a net taker trying to long term turn any protocols or coins I didn't like into husk zombies flowing it into xmr

>> No.58449357

>>58449295
You're still thinking about Monero as if it was some kind of stock or ETF to be pumped and manipulated like Bitcoin.
Just stop.

>> No.58449378

>>58449357
It's a pow network which needs security, security that comes in the form of mining, mining generally requires incentives and can't rely on altruism forever. Price increases may incentivize mining to occur. Btc, LTC and even doge hash rate charts up up. Xmrs is not.

It was simply an idea to try and keep the network feasible you sound like some boho artist who thinks they are above marketing their artwork for sale. Kindve cringe. But fair enough.

>> No.58449392

>>58449378
>>58449295
Someone made an avax shitcoin that'd youd get in exchange for time locking wownero. Fun idea but people were such autists about not sending their tx view keys that it petered out

>> No.58449418

>>58449378
I get what you're saying, I have been mining for years, but I don't think slapping an extra layer on top who's sole purpose is to do ??? to enrich miners is a proper solution.

Price increases definitely WOULD incentivize more miners AND promote miner retention, but if it is a manufactured price rise, it won't last and we'll be right back at 2.2 GH/s in a year or two.

>> No.58449420

>>58449392
This would be closer to a shit coin realistically.

Token holders would never know realistically if xmr was being purchased other than if it did well maybe see xmr rise in ranks and hopefully it could be hypothesised project started this date and it's been up vs btc or eth since then?

Obviously the other half of the profit split buying back / burning tokens would incentivise people or show that the work is being done.

It's just a spitball, maybe xmr maxis are just that maxis and don't lurk other chains.

>> No.58449435

>>58449418
Not just to enrich miners. It would be quite the statement if post mass delistings if xmr started to win out on the xmr/btc chart. I think it'd start to promote more proper decentralization everywhere?

Realistically everything needs volume to survive, nothing's exempt. Vaguely 720 blocks a day, 0.6 xmr per block. Roughly what 432 xmr a day. Could be a realistic target to do what the el Salvador president set out to do and buy 1 btc per day AND reward those who made it possible to do so?

>> No.58449463

>>58449209
I think I should've phrased the question like this:
>can the money be traced back to its origin (the person that converted it to XMR originally) once it's converted from XMR to dollars?

>> No.58449466

>>58449463
also why the fuck is it giving me a new ID, I haven't changed sessions or IPs or whatever else

>> No.58449509

>>58449392
>>58449295
I don't understand how these work. Time locking it and then it becomes yours again? And what about the other coin that you got time locking the wownero? Does it keep existing after the wownero is unlocked?

>> No.58449551

>>58449509
You send a tx to yourself where the xmr or wow isn't spendable until a certain block or timestamp. So it's always yours, just not spendable. Send a tx view key to prove you've done it and get shitcoins in return. And you could probably have the shitcoin get burned after the lock expires if you wanted.

>> No.58449580

>>58449551
But what is the point of the shitcoin? You cannot give it to someone and have them redeem it into the original coin, so it's not wrapped wownero or anything, it's just a different coin with a weird initial distribution.

>> No.58449838

>>58449580
It's a shitcoin, there is no point. Though there is wrapped monero on secret, but no liquidity and no one used it.

>> No.58450090

>>58449463
the answer isn't really straightforward.

Is it possible to determine who converted fiat to Monero after it's back in fiat? Yes.
Is it possible to do that using any on-chain info? No.

This kind of info would come from off-chain sources, like exchange accounts, captured network traffic or something like that.

Monero does what it's meant to do, whether or not individuals have shitty enough opsec to completely negate the privacy Monero offers is an unknown. Using Monero as a "mixer" is a great way to squander the privacy it affords you, though. (look into the Bitfinex hack and where the money went afterwards for an example of this occurring in the wild)

>> No.58450927

there's some site that you guys can recommend for making bets or gamble using monero?

>> No.58451062

>>58450927
Would be great to have a website allowing non sporting event bets. For gambling in general there are a few on monerica.com

>> No.58452151

https://www.reddit.com/r/Monero/comments/1cmjgqg/localmonero_agoradesk_will_be_winding_down_its/

>> No.58452194
File: 48 KB, 750x467, badnews.jpg [View same] [iqdb] [saucenao] [google]
58452194

>>58452151

>> No.58452243

>>58452151
They banned (((sanctioned))) countries before so this is no surprise for me at all.
>Redditors praising it
It was a centralised pro-censorship service, why is it being praised as something good for monero? It's great that it's shutting down, as that might cause developments in an actual legitimate solution for the problem it was trying to solve.

>> No.58452244

>>58452151
So how do people onramp now?

>> No.58452247

>>58452243
Holy cope, it was the last great p2p marketplace. Its gone, Binance is gone, Kraken will soon be gone, the fuck is left?

>> No.58452251

>>58452151
Where are they based? The announcement smells like gag order.

>> No.58452252

>>58452247
>p2p
It was not p2p, it was a centralised site that can easily be shut down. Monero is p2p, BitTorrent is p2p, i2p is p2p. It's great that centralised sites are getting shut down because as with delistings it shows the importance of Monero even more and allows something actually long-term and censorship-resistant to take its place. Even better that it's localmonero that promoted censorship and caved into (((sanctions))).

>> No.58452256

>>58452244
>>58452247
Telegram & SimpleX groups maybe. And use an escrow the first time at least. And moneromarket.io of course. And you can always buy another crypto and swap on many non-KYC sites.

>> No.58452266

>>58452252
Every imaginable method of on-ramping fiat is centralized somewhere. Paypal, stripe, wire transfers, e transfers, the mail service, they are all centralized bottlenecks. Unless your plan is to get stabbed by some nigger doing in person swaps.

>> No.58452276

>>58452266
But why add another centralisation point that can easily be attacked, like being hosted on clearnet by identifiable people. If monero is working as intended, such services are guaranteed to be attacked, as we see right now.
I'm surprised it's happening only now.

>> No.58452289

>>58452276
Because centralized services are efficient and easily accessible. The way to stop getting crushed by regulators isn't by trying to engineer out every bottleneck (impossible). It's by being popular and accessible before they regulate you to death, rather than sperging about i2p and muh moonbois, so you have enough people to defend you from politicians. Monero community decided dicking around as hackerman for a decade was a better idea and lost.

>> No.58452355
File: 248 KB, 800x1200, 2021-03-11 00-24-59.jpg [View same] [iqdb] [saucenao] [google]
58452355

>>58452289
Yeah as much as I (literally just earlier in this very same thread) typically agree with the "no moonbois/stop thinking of it like you'd think of a stock" school of thought, having precisely 0 fiat onramps is pretty bad.

>> No.58452724

Agoradesk and localmonero immediate shut down is a harsh reality today bros.
I dug this up from their ama awhile ago and I guess it don't mean shit unless they came back as "anonymous devs"
>reddit.com/r/CryptoCurrency/comments/mpjr2k/ama_im_alex_cofounder_at_localmonero_and/guahatx/?context=2

>> No.58452753

>>58452151
they fucked up as soon as they decided this had to be on clearnet

>> No.58452837

>>58452243
>>58452289
This is why linux never gained any significant marketshare while mac is thriving despite being the same fucking thing just packaged differently. You have to get over that hacker/wizard mindset and think of the end user.
The user doesn't want to use monero-cli and type commands in the console to create multisig transactions, the user doesn't want to run i2p in a VM. The user just wants to buy some weed, and all that crap is in the way.
Localmonero shutting down is not good for monero, we need a replacement asap. Monero is not onboarding new users, it is slowly losing the few users it still has.

>> No.58453099

LocalMonero's dead.

>> No.58453417

>>58452837
This is a dog shit comparison because Linux runs the fucking planet. It never needed to pander to retards who cannot into tech.

>> No.58453423

>>58433203
you might get better efficiency with linux and controlling them through an ssh terminal instead of a graphical desktop.

>>58444122
Give them a subaddress and ask them to send you some first. Maybe 0.00001% you'll scam an Indian for some 'neros.

>>58448797
Yes. Make sure you're not transferring exact same amounts which can be tied together at both ends and, optionally, add time delays between the steps.

>>58452256
>Telegram & SimpleX groups
Yeah, realistically, that's how I envision it. Maybe I should just start offering such a local service.

>>58452266
>get stabbed by some nigger doing in person swaps.
I'm thinking of only meeting in daylight in relatively crowded cafés and such.

>> No.58453478

>>58453423
I have done in-person swaps before on multiple occasions. It's literally just 2 dorks meeting up at a Panera Bread to do what looks like an amateurish drug deal, except you can usually get away with charging a small premium for your 'neros because you had to burn gas and time to meet the guy.

>> No.58453488

>>58452837
>Because centralized services are efficient and easily accessible.
>>58452837
>mac is thriving
>run i2p in a VM
If these are the types of comments people who are complaining make, then I'm even more bullish for localmonero closing down, kek. Why are people crying over something being closed and not about it being designed poorly so the closing is inevitable?

>> No.58453520

>bans certain countries to be good goys in the eyes of the US government
For me that was an instant red flag, them cucking out was inevitable.

>> No.58453533

>>58453423
>>58453478
>>58453488
The problem is having enough liquidity to maintain price, miner profits, and network security. A core audience of nerds who are willing to do cash or i2p swaps isn't enough.

>> No.58453537

>>58453533
>having enough liquidity to maintain price, miner profits, and network security
And a centralised platform that will get shut down because Monero is dangerous to the bankers is the solution? Kek, feels good to be a based hackerman.
I hope they can get Monero criminalised so it filters even more people. Only the strong will remain.

>> No.58453558

>>58453537
Centralized markets are much more efficient, letting them attract much more liquidity. It's been a problem with? DEXs in the past, liquidity fragmented across 100 pools so you have high slippage. Premiums like >>58453478 suggests are the worst thing for a currency, turning monero into a collectable rather than money.

>> No.58453567

>>58453558
Central banking is also more efficient than crypto or Monero and has much better liquidity. Why not switch to it instead? Centralized exchanges are just central banking that will get pressured and controlled if they become too dangerous. If you want a cuck coin like BTC this is your choice.

>> No.58453594

>>58453567
Because settlement, custody, emission of new coins, the currency itself, are all decentralized which is what matters. The amount of control over Bitcoin is much more limited than the feds would like because they focused on mass appeal instead of nerd shit that gets no users.

>> No.58453655
File: 41 KB, 553x506, 1679432153345900.jpg [View same] [iqdb] [saucenao] [google]
58453655

Newb here. can somebody explain this to me, it isnt obvious why and so i am a little lost. could be i am total tard so plz explain why too.

anyway why is there a 8+% premium to buy XMR w/ BTC but not to buy BTC w/ XMR. Am referring to exchanges w/ no KYC like Bisq. I thought dirty money would be in XMR so they would be paying a premium to change this to BTC. What am I missing?

>> No.58453748

>>58453655
I literally just explained this. Monero liquidity has dried up, causing larger spreads and requiring larger premiums for buyers to go to the trouble of exchanging back for cash.

>> No.58453757

Thinking about onramps.
-Directly with CEX like Kraken.
-CEX to something like Litecoin. To Monero through a swap.
-DEX. Haveno. Serai. Fingers crossed.
-In person through various Signal/Session/SimpleX contacts through word of mouth and local Monero groups.
-Bisq? (Bitcoin dependent)

Until Serai and Haveno are ready, the swaps are going to be the critical bridge.

>>58453478
That's basically what I'm envisioning, yeah.

>>58453520
We need darknet only swaps for reduced footprint and liability.

>>58453594
Bitcoin can keep doing what it does. For Monero, it (or rather the lower fee alts) provide a vital bridge to Monero. Thanks to other coins, a CEX needs not offer Monero for me to exchange it with fiat.

>> No.58453814

>>58408528
Destiny fan

>> No.58453845

>>58431707
All in the name of "Spam Prevention", I don't buy it.

>> No.58453846

>>58433203
>>58453423
>you might get better efficiency with linux and controlling them through an ssh terminal instead of a graphical desktop.

Sweaty loser nerds lmao

>> No.58453878

>>58431539
>>58431707
There is a Monero thread on BitChan. Those who don't want to get 4cucked should go there for now. Here are the onions:
bitchanr4b64govofzjthtu6qc4ytrbuwbgynapkjileajpycioikxad
Or:
bitchanp3p2oevxxb6cxju5lt3dq5xftlvg25ocmdztw7owrz25p7lad
Also, as a backup:
lambdaplusjs35padjaiz4jw2fugdoeutse262phqr72uf634s2wdbqd

>> No.58453930

>>58453878
Nerd shit. Too much effort. What's with those gay ass random numbers you homo?

>> No.58453937
File: 769 KB, 1080x1388, richardfart2.jpg [View same] [iqdb] [saucenao] [google]
58453937

>>58453748
No this literarrllty doesn't explain it. The 8% premium I am referring to is the additional fee over and above what you can pay for it on Kraken along with its liquitidity.

Thank you come again. next?

>> No.58453968 [DELETED] 

>>58453937
Maybe it's due to demand imbalance? People exchanging from Monero to Bitcoin know they're no longer anonymous, so they're fine with exchanging on KYC platforms that have more liquidity. Meanwhile people going from Bitcoin to Monero do it for the anonymity so they want to do it non-KYC. A lot of people then use that Monero to buy things. This means the platforms have a continuous shortage or Monero thus the premium.

>> No.58453970

>>58453937
Maybe it's due to demand imbalance? People exchanging from Monero to Bitcoin know they're no longer anonymous, so they're fine with exchanging on KYC platforms that have more liquidity. Meanwhile people going from Bitcoin to Monero do it for the anonymity so they want to do it non-KYC. A lot of people then use that Monero to buy things. This means the platforms have a continuous shortage of Monero thus the premium.

>> No.58453985

>>58453970
And correct me anons if I'm wrong, but doesn't this confirm the idea I've read from some anons a while back how banning Monero is going to raise its price because the access is getting constricted yet a demand for a truly private cryptocurrency will continue to exist? Then wouldn't this be that rising street price right there? Is this hopium?

>> No.58453992

>>58453985
But then this doesn't explain the sell price. How is that going to work? Would this eventually drive the Monero sell price up or not? IDK.

>> No.58454017

Is there any prior art on working user friendly multisig on Monero? The time for copes is over, we need to rebuild localmonero asap on stronger foundations, multisig and decentralized escrow are a must have.

>> No.58454079

>>58453533
I can absolutely attest to this personally, too. In all of my in-person swaps, OTC wallet sales, any means by which I exchanged monero for USD, the total value of all of them is under $15k. Hardly a reliable bridge to/from fiat. I also cannot do much about foreigners who want to buy from me, I can only service people willing to cough up USD or metals.

>>58453930
you cannot be serious

>> No.58454247
File: 930 KB, 2731x4096, GKV_ZwYW8AE79ZU.jpg [View same] [iqdb] [saucenao] [google]
58454247

>>58453985
>banning Monero is going to raise its price because the access is getting constricted yet a demand for a truly private cryptocurrency will continue to exist?
Pretty much. Just checked Dread, everybody is still 100% on board with a Monero-only standard, if anything all this just underscores how reliable and thus mission-critical Monero is for doing business.

>> No.58454252

>>58454017
>Is there any prior art on working user friendly multisig on Monero?
Rhino has a working multisig.

https://www.rino.io/

>> No.58454895

>>58454017
I think Haveno is supposed to become that.

>> No.58454925

>>58453985
>banning Monero is going to raise its price because the access is getting constricted yet a demand for a truly private cryptocurrency will continue to exist
In theory that's how it should work, but there's a very real possibility that censorship will (ironically) get in the way of that. People will point to the Streisand Effect and say "all banning monero is going to do is validate its credibility and bring more attention to it!", but really the Streisand Effect is not as absolute as they would like to think it is. Everyone knows that search engines are totally fucking useless now even when you're searching for shit that hasn't been deemed wrongthink. Social media sites shadowban and de-boost anyone who talks about the wrong things but to the average person it appears as though everyone has the same platform to speak on. Not to mention the straight-up lies and deception that the media puts out. The banning of monero will not be some sweeping global law that aims to take it off every centralized exchange in a day and put a bounty on every monerochad's head. They'll just keep chipping away, one exchange at a time, one regulation at a time, one ToS update at a time, until it's death by a thousand cuts. Now I'm not insinuating that monero will ever truly be killed, but it's not at all unlikely that monero will always have an artificially depressed demand because the overwhelming weight of censorship has made it difficult to obtain and/or learn about.

>> No.58455014

>>58453757
>Signal/Session/SimpleX
Are there any Signal groups?
Monerica has only got Telegram groups.

>> No.58455022

>>58453930
You can literally just install Brave Browser, Alt+Shift+N, paste in any of those "numbers", followed by .onion and press enter. Or if you want allegedly even better safety, install Tor Browser instead.

>> No.58455025

>>58454017
Fork OpenBazaar for Monero?

>> No.58455108
File: 346 KB, 1583x1920, 77777777.jpg [View same] [iqdb] [saucenao] [google]
58455108

>>58453970
>>58453985
>>58453992
Thx anon. Yeah I guess the imbalance of demand to buy XMR w/ BTC versus BTC w/ XMR explains the premium on anonymous platforms when you frame the problem in terms of anonymity going into XMR.

What still puzzles me is that surely there exists a greater demand to go to BTC from XMR on the same anonymous platforms? Thjink of the amount of value going into dark markets where people are buying crazy shit to fuel their x1000 gains with liquor, coke and whores.

Okay fine so they use XMR to make these purchases which explains the premium because they want to remain anonymous.

Butt the XMR is going somewhere, obviously to merchants selling these products. If you spend sometime on the Dork Web you see that the number of merchants offering these warez is several orders of magnitdude less than the people buying them. So logically there are fat cats with huge amounts of XMR that surely want to pump it out to BTC? As long as they pay taxes on the BTC, then who gives a shit if it's not anonymous and where their ill-gotten gaines are saucved? This is where the problem breaks down for me. It seems there is not a huge demand from these merchants to push their XMR into BTC ergo no premium. Does this mean that DorkWeb merchants are somehow buying what they need with XMR alone? Or perhaps pushing out XMR to something else of similar value?

plz explain.

> picrel it is what I will be spending my XMR on wen bull over.

>> No.58455478

>>58455108
Its probably that market makers giving you XMR in exchange for BTC are taking on the additional risk that their customers are trying to wash their dirty laundry.

>> No.58455480

>>58455108
Whereas when they take monero from you they dont have to worry if it's dirty or not.

>> No.58455496

>>58455478
aaaaaah okay got it! yah this makes sense if the btc is what's being laundered, so market maker has to take on moving the btc to something of value without getting nailed for where it came from.

>> No.58455543

>>58455496
They probably just run it through Wasabi before converting to cash as a matter of course, but this takes a couple days, so there's the risks from having additional stock on hand + Wasabi's fee + they're the only supplier of non kyc XMR left, so can charge a premium.

>> No.58456589

https://odysee.com/@Anarchast:2/RogerVerCagedSituationReportwithAaronDay:d

Shit has already hit the fan.

>> No.58458344
File: 1.01 MB, 1302x1695, 1634959356313.png [View same] [iqdb] [saucenao] [google]
58458344

>> No.58458345

I am developer but cryptography, decentralized protocols are at least 2 degrees above my skill level and maybe even IQ.... it is so infuriating because I want to help but this is very technical field. How can I make myself useful and contribute my time/know how to the cause?

>> No.58458379

>>58458345
Make websites that people can self-host to sell their services for XMR. Then you can even offer to set up servers for people on XMR paid VPSes.

>> No.58458382
File: 15 KB, 516x550, haveno_logo_icon.png [View same] [iqdb] [saucenao] [google]
58458382

Can someone explain to me how Haveno will support fiat <-> XMR as a DEX?
The FAQ just mentions "cash by mail" & "cash in person"

What's the on-ramp?

>> No.58458577

>>58458379
Interesting idea... I like it

>> No.58458580

>>58458379
If I pursue this idea and it becomes sucessful. I would like to compensate you with XMR. Can you share your address?

>> No.58458751

>>58458580
If it becomes successful please compensate the Dev team of Monero in my name. :)

>> No.58458822

>>58432983
MRL meeting (1st of May) AI summary:

> Generalized Bulletproofs security review is underway and identified a minor issue that can be addressed by modifying how vector commitments are represented. This modification comes with the benefit of potentially more efficient proofs.
> Work is progressing on Full-Chain Membership Proofs (FCMPs) specification and implementation including handling torsioned points using Ristretto encoding which may improve performance over the existing approach.
> Jamtis-RCT specification is under review which aims to mitigate privacy issues from Janus to existing Monero addresses except between main and subaddresses.
> Potential measures against black marble attacks are discussed including evaluating higher ring sizes, transaction fees, and proof-of-work requirements on transactions.
> Research is ongoing on performance optimizations including for rwlocks and integrating upcoming Seraphis protocol changes.

>> No.58458823

>>58458822
MRL meeting (8th of May) AI summary:

> Researchers are working on improving Full Chain Membership Proofs (FCMPs) including simplifying the tree hashing, improving performance benchmarks, and supporting aggregate input proofs.
> A potential method for countering black marble flooding attacks involves analyzing the tradeoff between ring size and transaction fees. Metrics like verification time and blockchain growth under different conditions will be analyzed.
> Generalized Bulletproofs security proofs were updated after an issue was found with cross-terms in inner products. The original functionality is maintained.
> Migration of the key images table in the LMDB database may be needed when dropping the sign bit from key images to simplify membership proofs. This is effectively a soft fork.

>> No.58458864

I have an open cash by mail trade on Localmonero which I still haven’t received. I only just found out about localmonero closing, what are the chances I’m about to get scammed?

>> No.58458950

>>58458864
Existing open trades still have until november to work things out with localmonero staff, you're probably fine.

>> No.58459029

>>58458382
Cash by mail and Cash in Person is the onramp. It'll probably work much like localmonero did. Someone lists a trade, you send cash to him by mail, or meet in person to exchange it, and that guy sends you XMR.
Or did I misread what you were saying?

>> No.58459545

>>58458751
This is a promise ;)

>>58458382
I have no insider information but I am pretty sure Localmonero had to be handling a few million dollars in XMR/USD swaps on a monthly basis. Purely peer to peer, just by allowing users to build a reputation and exchange XMR for USD and vice versa.

The Haveno network (as this anon mentioned >>58459029) would work the same way, BUT it should technically be "uncensorable" and decentralized. if we get such a network (even if all trades are executed by literally filling envolopes with cash), XMR would all of the recent government censorship overnight

>> No.58460153

Should I store my value on XMR or is it a leaking ship compared to BTC?

>> No.58460169

>>58460153
You should store your value in value stock ETFs because they track almost perfectly with monetary inflation. Bitcoin is going back to 30k in the next 3 years and Monero will crab forever.

>> No.58461130

>>58460169
You don't think the stock market will implode? It's a bubble that everyone has been investing in for decades now. Even during covid, it basically absorbed a whole lot of the minted money (which is why inflation in the sense of increasing goods' prices wasn't completely out of control), which made no sense, why would companies be worth more when the future was becoming more uncertain for all of them? Did the total capitalization of major stock markets ever return to pre-covid levels?

>> No.58462020

>>58461130
Bro you're just repeating talking points from podcasts.

>> No.58462035

>>58462020
Do you have an actual argument against the points?

>> No.58462114

>>58462035
You just waved your hands around and said 'muh stock market' a bunch of times. There are no arguments to be made about that. I don't think big value stocks like P&G or J&J are going to implode. They may take a slap from margin calls, but they're not going to stop paying dividends. COVID made their future more certain if anything.

And yes, the total capitalization of major markets did return to pre-covid levels. Like, just look at an index chart retard.

>> No.58462195
File: 117 KB, 1280x720, fact.jpg [View same] [iqdb] [saucenao] [google]
58462195

>>58460153
>Should I store my value on XMR or is it a leaking ship compared to BTC?
Storing significant amounts of value in literal software is fucking retarded. That said, unlike BTC XMR at least has growing utilitarian demand from outside of the clown market, which could in theory eventually make it a somewhat reliable SoV. BTC, on the other hand, is dead the same week Tether finally implodes since nobody these days is buying BTC to actually spend it, HODLtardation and speculative mania fueled by cartoonish price predictions are the dwindling life support system still keeping BTC alive.

>> No.58462258

>>58461130
How is it a bubble? It's just a change in the money supply. Going from $10 trillion/X assets to $20 trillion/X assets is just redenominating the value of those assets. It's not like all that new money has anywhere else to go.

>> No.58462266

>>58462258
Because OP is a retard who thinks nVidia + Tesla = the stock market

>> No.58463485

>>58462114
>You just waved your hands around and said 'muh stock market' a bunch of times.
You need glasses, or a brain.

>I don't think big value stocks like P&G or J&J are going to implode.
No explanation given.

>They may take a slap from margin calls
Unrelated.

>but they're not going to stop paying dividends
Unrelated, also no explanation provided.

>the total capitalization of major markets did return to pre-covid levels
https://siblisresearch.com/data/us-stock-market-value/
It was 33.9 trillion (41.5 trillion if I adjust for inflation) right before covid. It was 50 trillion this January. Did it drop 32% in the last 5 months then?

>Like, just look at an index chart retard.
Show my the index chart you see that shows capitalization returning to pre-covid levels.

>>58462258
>How is it a bubble?
A big chunk of the freshly minted fiat during COVID ended up going into the stock market. People use it as a savings account. At some point they'll take the money out, and it will collapse back to what the stock prices need to be, and the stock prices should have gone LOWER during COVID, not higher. Productivity fell, lay-offs went up for many major companies and are still going up. Everything points to companies NOT being better, yet their stock price keeps going up. You don't think that's a bubble? The only reason the price goes up at this point is that people think it will continue going up and keep investing in it. It's not because of fundamentals. Oh and on top of it, governments have been long creating incentives to invest in the stock market instead of anything else because NGU looks good on politicians. So it was already artificially propped up even before COVID. It just became worse.

>It's not like all that new money has anywhere else to go.
Even if that's true I don't see how that makes it not a bubble.

>> No.58463630

>>58463485
>At some point they'll take the money out
Why would they? It'd just inflate away. You're treating cash like it has value, like it were gold coins, when it's just a bunch of numbers in a spreadsheet and the banks and feds can add more numbers whenever they want. The line will never go back to pre-covid levels because they can make the line go any direction they choose.

If you were pricing the stock market against gold or something then maybe, but the dow vs gold has been flat for 7 years now. It's not really overextended.

>> No.58463632

so where do I buy monero now that localmonero gets shut down?

>> No.58463749

>>58463630
>Why would they?
Because you cannot buy a car, food, taxes or a house with stock. At some point you'll want to spend your savings.

>You're treating cash like it has value
It has value. If it didn't you wouldn't be able to use it to buy stock. I'm guessing you are using a more personal definition of value.

>when it's just a bunch of numbers in a spreadsheet
So are stocks. 1 stock does not represent a fix percentage of the value of the things owned by the company.

>and feds can add more numbers whenever they want
And companies can issue more stock whenever they want. And new companies get listed bringing in more stock you can buy.

>but the dow vs gold has been flat for 7 years now. It's not really overextended.

Or maybe they are both overextended. My point is that if people start pulling out to spend, they'll be pulling out to fiat. And if this starts a panic, I doubt everyone will be trying to buy gold. Of course you could argue that fiat is also a artificially overpriced because you are forced to use it, and that's true, but if USD went down, it's not like the stock market would be a-ok...

>> No.58463757

>>58463632
>>58452256

>> No.58463956

>>58463749
>Because you cannot buy a car, food, taxes or a house with stock. At some point you'll want to spend your savings.
Dumbfuck, where does the money go when you spend your savings on these things?

>> No.58464016

>>58463956
Israel, mostly.

>> No.58465332

>>58464016
Mostly

>> No.58465480

>>58463956
You claim to know where the money goes and how the ones supplying you with those things spend or reinvest that money?

Since you know everything, tell us where the money for your salary came from, that which you later invested in the stock market.

>> No.58467617

>>58463749
Retail pulling out $35 in cash so they can afford groceries at Jimmy John's isn't the deciding factor. It's institutions who never sell anyways, they just use their holdings as collateral for fiat-denominated loans which ultimately get inflated away.

And companies aren't consistently diluting their stockholders 5% every year, that'd be suicide, because unlike the feds they have the responsibility of not fucking over their customers.

>maybe they are both overextended
Trillions of dollars in new money get dumped into the system and your bright idea is that any increase in the price of gold is a bubble.

>> No.58468635

>>58467617
You ignored the part about cars, houses and groceries, and while we're at it the part where people effectively keep their pensions in stock.

I'm not calling gold a bubble. It's a stable investment to the extent that anything can be stable. The main reason it's not the standard is that it's taxed as a commodity. But the reason dow hasn't gone up against gold is that gold has probably gone up against fiat too. It's just that the dow is going up without any fundamentally good reason. That's what makes it a bubble. It's NGU because NGU. Stocks are not proper savings, they are effectively fiat (even if as you say they are less likely to be inflated than cash is). It only makes sense to invest in stock if you see a bright future for these companies. During COVID, with the whole economy winding down, prices should have gone down, they didn't, because all the new money got invested in stock. Once they start pulling out for real, it will be tons of fun for everyone.

I'd rather invest in commodities and derivatives of commodities (precious metals are fine too) than in this joke of a stock market.

>> No.58469015

>>58465480
Ridiculous. You only need to know what broad class of companies get to touch some of the money. Who makes the cars, the pharmaceuticals, basic staples, who does the financing. Someone is always getting paid.

>>58468635
Sounds like you think a lot of companies in commodities have a bright future.

>> No.58469481

>>58469015
I don't know what you're trying to say in the first half of your message.

The second half, yes, some companies have a good future, maybe, depends on what happens with DEI etc. I don't think it's the biggest companies anyhow that everyone seems to be investing in. Might even be unlisted companies and first order commodities that I'd prefer to focus on.

>> No.58469521

>>58469481
You don't know because your brain refuses to process being wrong.

>> No.58469533

>>58469521
That's your fingers.

>> No.58471610

are atomic swaps still happening?

>> No.58472003
File: 162 KB, 915x903, 1709427138391584.png [View same] [iqdb] [saucenao] [google]
58472003

>>58404650
Trying to buy monero privately, what do I do now that localmonero is down? I was thinking of buying btc from coin base then sending that to an atomic wallet before swapping it. Am I retarded?

>> No.58472872

>>58472003
buy btc at kyc fiat-crypto exchange -> exchange btc for xmr at non-kyc crypto only exchange -> your xmr wallet
idk I'm figuring this all out too. btc has very high fees, nano and litecoin are better I think

>> No.58472992

>>58472872
Litecoin, or Algorand if there's sufficient liquidity, or if your originating exchange lets you send stables on a cheap chain use that.

>> No.58473016

>>58472992
if I buy xmr with fiat directly through kraken then send it through two wallets, that provides the same amount of privacy as >>58472872 does, right?

>> No.58473063

>>58473016
Sure, you just lose the plausible deniability of not knowing what Monero is.

>> No.58474260

>>58472872
>>58473016
>>58473063
Bitcoin blockchain still betrays that btc was exchanged for xmr right? (Idk how exchanges work exactly but it's probably traceable and they probably have to keep the receipts) So it really is the same level of privacy.
Also btc to xmr opens you up to false positives via chain analysis so you could end up being accused of crimes you didn't commit (like in the Romanov case supposedly)

>> No.58474385

>>58474260
I'm not sure about exchanges (obviously the exchange will know you swapped btc for xmr), but for atomic swaps it should look the same as a normal btc transaction. Note again that btc has high fees

>> No.58474509

>>58426128
>Bitcoin is better by the way
Prof dropped the holy grail of hopium, time to ramp up my buys on Bitcoin and Eth, but also gotta grab some Xmr, Push, and Reef for the tendies
>>58430131
Yeah, it's basically digital cash, and exists for spending

>> No.58475139

>>58474509
I see that the bots are back