g2devi

joined 2 years ago
[–] g2devi 6 points 1 week ago

In Europe, probably not. The bureaucracy is too thick. For the US, maybe but as mentioned in other responses we don't need CEX access. What is likely is that due to Trump's executive order, banks may be allowed to hold digital assets. That means, you could just open a litecoin or USDT account in your bank and transfer money in and out of it from your fiat bank accout. CEXes are complicated (compared with instant exchanges) and tend to have KYC rules that if stolen can be used with AI to not only identity theft you, they have the power to put you at the scene of a crime or blackmail you. Banks don't need nearly as much KYC since they know you directly. This would have a huge effect. It allows you to be paid in crypto and merchants to receive money in crypto so crypto can instantly be used by all stores without pain. Not only that, if you can be paid in Litecoin, paying it to your personal wallet, you can use MWEB to instantly swap it with Monero (e.g. on BasicSwapDex, Haveno, or a DEX) so you can hold all your daily money in Monero. It should be possible to do this automatically via a script. Unless you want to do a lot of trading and want the proper tax forms automatically set up for you, I see no reason why anyone of any experience level would even want to use CEXes when banks could hold crypto.

[–] g2devi 7 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

The issue is more the onramping than the offramping. As long as gift cards are available, it's fairly easy to use Monero gift cards for Amazon/eBay/Facebook marketplace. This doesn't create a Monero circular economy, but it does ensure that once you have XMR, you can live off it even if no-one else in your area accepts it. XMRBazaar is better since it help the Monero circular economy and provides a good way to both onramp and offramp.

Three things could greatly help XMR: (1) If banks could custody crypto (promised by Trump, hopefully other countries will follow), even non-XMR crypto and you're allowed to transfer to a self-custodial wallet, then it would be trivial for merchants to accept crypto and businesses to pay in crypto and for individuals to purchase crypto simply by moving money into your crypto account. CEXes would be irrelevant for everyone except degens. Once that happens, it'll be easy for people to be paid in crypto which is easy to convert to and from XMR without KYC. (2) If BasicSwapDex is made easy to install and the appropriate automation scripts are created, converting to and from XMR via P2P should be trivial. (3) If Serai is finalized and proven itself and the appropriate automation scripts are created, converting to and from XMR will be trivial. (4) If all three of the above happen, having a store front that accepts XMR is trivial, even if the store only wants USDT. Also having all your savings in XMR is also trivial and can be automated.

[–] g2devi 3 points 1 month ago

It does. The proof of status comes from your value to the community and that can change with time.

Look at Michael Saylor, for instance. He's undeniably an official Bitcoin representative, yet he's undeniably been incredibly harmful to the Bitcoin ethos, moving it from digital cash, to digital energy, to digital gold (HODL only), to now digital property (i.e. government controlled trad-fi) that should be managed custodially and is subject to a "digital property tax" (i.e. wealth tax). Through Saylor and his ilk, other Bitcoin destroyers have been promoted as Bitcoin representatives and actual OGs have been sidelined.

Meanwhile, Luke Parker (now retiring for a bit), Doug Thurman, Arctic Mine, etc are undeniably Monero representatives because they proved their value, but when some of these representatives try to promote the Zano leads as being kindred spirits with Monero and potentially the way forward for Monero, a large portion of the Monero community balked because whatever past contributes they may or may not have had, they don't represent Monero now and promotes some very un-Monero ideals. This healthy direct contribution=representation ideal keeps Monero on track and on mission.

[–] g2devi 3 points 1 month ago (1 children)

I used to watch on odysee but unfortunately MoneroTalk stopped posting there. GrayJay is an alternative the NewPipe that tend to work better, but when it doesn't work, NewPipe tends to work. Unfortunately the two apps don't have a common playlist so you'll have to manually add all your NewPipe channels to GrayJay and sync them.

[–] g2devi 6 points 1 month ago (1 children)

A problem with zcash is that most people only use transparent addresses, so if you are one of the few people who uses shielded transactions, you're wallet is already marked as "dirty". In addition,I don't know if any other crypto has tor nodes and dandelion++, zano and pirate chain included. Add to this private transaction rates and a large anonymity set and a skeptical community that actively searches for and rewards finding flaws, there is no competition. That may change in the future, but not any time soon.

[–] g2devi 3 points 1 month ago

It might work for USD or EUR to and from XMR but it wouldn't work for any other currency because the liquidity is so low, if the profit isn't there no-one will risk the trade to do the exchange. If you look for instance at CAD, there aren't any trade less that 5% either way. For the Indian Rupee, you can sell for a 10% spread but you can't even buy it. For other currencies, the spread and liquidity can be far worse so the choice will be to either the be no offers or accept the high spread offers.

There is also such a thing as arbitrage. People will go the better offer so if there is a large spread, there will be people who are willing to convert their currency to a foreign currency and buy or sell XMR in USD and pocket the difference. If it's profitable, someone will be willing to do it for less and eventually the profit will reach an equilibrium point that is fair. Since currency conversion usually has a fee higher than 3%, your 2.5% cutoff would eliminate this very fair liquidity (i.e. it's unfair to expect people to trade at a loss).

If you don't like the exchange rate, go to BasicSwapDEX and trade XMR for nimble wimble LTC. It's a bear to install and you will have to do some work to ensure you don't lose funds and you will have KYC issues with LTC to and from fiat, but it gives you a better rate. Or you can use a regular LTC/BCH to and from XMR trade on Haveno and worry about the KYC LTC separately if you want a better deal.

[–] g2devi 3 points 1 month ago

I think you're talking about a number of things that have nothing to do with each other. Yes, communists and anarchists have the "just one thing" in common and don't seem to understand anacyclosis (i.e. all political systems are unstable and flow into each other), but both are a response to the current system. It is not a coincidence that the tea party and occupy walls. Communists accept that governments are going to take over everything, so if that's going to happen, it should work for the people (it won't...it will just make it more abusive and self righteous). Anarchists see government abuses and think that getting rid of governments will fix things (it won't, it just replaces abused laws with "might makes right"). Each are pushing in different directions of anacyclosis and each will fail. So far, the most stable political system is a mixed system that contains multiple systems, but even this seems on the verge of collapse.

WRT Open source, it's not about communism. It actually encompasses many contradictory political theories. Even the self proclaimed commie himself, Richard Stallman had no issues with selling open source programs or paying for maintenance, so there is some nuance you're missing even for the open source commies. Let's not even mention the more nuanced views of Linus Torvalds (creator of Linux). I've been using Linux since the 1990s when it was real bear to use. I did it because I was feed up about being controlled and spied on and nickel and dimed and planned obsolescence. Plus i wanted to know how it worked. I could take a Unix programmer from 1980 and drop him in front of modern Unix and he could start producing useful code. There's no way I could do that on Windows. Linux is good because it's motive for existence is usability, not profit even though profit can enter into the equation. Yes, you may have to pay for something advanced now, but if it's needed and if it's not niche, it will eventually be developed by open source and create a more advanced ecosystem upon which more innovation can be build and paid for if it is good enough.

WRT Lemmy, it depends on which forums you visit. On my forums, I tend to see more apolitical and privacy focused people (i.e. they don't want their info shared to the collective), so your impression may say more about you than Lemmy. WRT Nostr, look at the top 20 tags for any week of the year. Over three quarters have to do with either Bitcoin or Nostr. Yes, other topics exist but for the most part Nostr is a bitcoin maxi echo chamber that tries to chase away all non-Bitcoin conversations. It's being ruined for any non-bitcoin usage.

WRT cloudflare, agreed, even the monero.town owner agrees so it's not about ideology. He said he's not technical enough to know another solution since not using cloudflare resulted in weeks of downtime. Give him a hand on a solution...you can even open up a CSS to fund this work, and you can be sure this will be taken care of since cloudfare prevents Tor from being used.

Regardless, the world is complex. If you see the world as "Just my one thing" alone, you might be a victim of your own analysis.

[–] g2devi 6 points 2 months ago (3 children)

Kewbit, if you look at my previous response, I gave you the benefit of the doubt and encouraged you to get an emotionally intelligent friend to tell your side of the story. If this is the response, it's clear that whether or not you were sincere about completing Haveno mobile and whether or not you wished to scam, you're far too petty an immature to work on the CSS, so the CSS was correct in its decision to close the CSS. It is a pity since Haveno mobile is a much needed part of the XMR ecosystem and I hope someone completes it.

As for BasicSwapDEX, the code is finicky and is difficult to install but it does what it says it does. It needs a lot of improving for the newbie to get right but it does work and it does have liquidity. I'd say it's about six months away from being as competitive as Haveno, and its potential for automation makes it a worthy part of the XMR ecosystem. If BasicSwapDEX mobile could ever be developed, it would be even more competitive.

[–] g2devi 3 points 2 months ago* (last edited 2 months ago) (1 children)

Thanks Kewbit. I hope this is a misunderstanding that can be resolved. That being said, it's unlikely many people will beta test a binary without source code, especially if the main reason to use Haveno is to avoid KYC. IMO, it's probably best to address the drama and move on. Since you're likely gun shy about speaking out, it's perhaps best to contact a diplomatic friend that can help express your side and why you don't feel comfortable releasing the code and what would it take to do it.

IMO, there would only be two reasons why you've sent out a follow up post here: (1) You were sincere but made some bad judgements (e.g. timelines, amount of work, how much XMR you needed, "life got in the way", overreactions that cascaded, the code is uglier than you thought and wanted to clean it up, etc) and you hope there's some way forward, (2) You're hoping to make more money either through binary back doors or selling data or convincing people to fund the rest of the project outside of CSS so you can scam them.

I haven't decided which conclusion to make. At the beginning of the last crypto crash most people were angry at the original Haveno team for halting work when the price of XMR crashed with many calling that team scammers. They made a poor judgement on pricing and could have avoided the drama if they priced their work in USD (paid with XMR). Of course, if XMR continued to go up they'd miss out on the USD gains, but fair is fair. Either you want security or risk. Choosing one and then complaining about not choosing the other isn't fair. When they continued their work once the XMR price appreciated and released, all past accusations were forgotten (I know I did until tried to remember an example) and they were and still are appreciated for their hard work.

If you are sincerely #1 and are able to express yourself reasonably, there is a way back. If not, #2 will be the conclusion most people will make and releasing the binaries without source code will reinforce this conclusion.

[–] g2devi 5 points 2 months ago (1 children)

I agree with Bobr. As someone who regularly keeps friendly relations between several parties who "know" they are "in the right" I can tell you that it's unlikely the complete story is being told once emotions take over. When that happens truth takes a back seat to "being right". From reading the logs, emotions were inflamed far too early with kewbit threatening to stop right at the beginning. You can't lead a horse to water. At that point, the CSS should have dispassionally lay down the law without insult or consession and either negotiate an end to the CSS or negotiate new timelines and expectations.

My reading of that likely happened is this. Kewbit appears to have classic engineer delusions. Engineers naturally overestimate their abilities and underestimate the difficulties. Experienced engineers or well managed engineers know about this tendency and add buffers and contingencies "just in case". Kewbit likely thought he could do more than he was able to in the time period, but "knows he is just needs to get over a minor difficulty to make up the time". When he missed his deadlines, he became defensive and the emotions on both sides started there and escalated.

Could the drama been avoided? From the CSS side, yes. Calling Kewbit an exit scammer automatically ends any hope that can be resolved and brings needless drama. When the deadline was missed and attempts at negotiation (which are not likely show in the published logs) failed, the CSS should have been withdraw and a settlement should be made. At most, it should have been announced, "Due to on project completion disagreements, the CSS has been withdrawn. Anyone else that wishes to take over the CSS may apply with a plan."

[–] g2devi 1 points 2 months ago

Isn’t possible to do it on RandomX? Yes but not on Monero since that's not its purpose and it hurts anonymity (review the Mordinals reaction).

Why the F will you sell JPEGs with the Monero mascot that I can download off of Google images for free? Yes, it's fugazi as is most of the "modern fine art" market.

That being said, NFTs are available on CEXes and there will be an easy XMR to this NFT atomic swap so it might be an on/off ramp for some people.

[–] g2devi 4 points 3 months ago

No but it's a good thing for a few reasons (1) XMR really needs to focus on it's primary mission. Blockchain based smart contracts make privacy harder. (2) There is no consensus on a good smart contract language is yet, especially for UTXOs so it's best to wait until a standard emerges (note there are several challengers to EVMs that might yet replace it), (3) Once something is on the public blockchain, it'll stay forever so it needs to be done right the first time so we need a mature smart contract standard (see previous point), (4) It can be handled by a parallel merge mined chain for added flexibility and experimentation so XMR might never need it, (5) the comining implementation of FCMPs has featurres that will make it easier to do, so any effort spent now will need to be thrown out. (6) Most common smart contracts like automatic payments and smart contracts and payment channels can be done by using time locked XMR and checkpoints (with clear roll back rules) and step signatures. These can be integrated into wallets to run in the background, so it might not even be necessary for most cases to hard code opcodes onto the main block chain. All you need to do is leave your phone on to handle the checkpoints. Atomic swaps and the "Monero Subscriptions Wallet" already prove this is possible. All that's needed is a more full featured wallet extension library that handles all the typical smart contract cases (i.e. currently there are thousands of smart contracts out there...most are abandoned and only a handful are actually useful. We could implement those).

 

It seems that Monero's Dynamic Block Size technology ( https://localmonero.co/knowledge/dynamic-block-size ). It's called Adjustable Blocksize Limit Algorithm ( https://odysee.com/@BitcoinCashPodcast:2/ABLA_Explainer:2 ) and works on a slightly different algorithm, but it's the same essential technology. The reason it's good news is that it shows that Monero was on the right track (the blocksize wars were pointless) and the competing algorithm allows for both blockchains to test out and optimise future versions of the Dynamic Block Size technology.

 

Just wondering, is somethink like RoboSats possible in Monero (Robonero?). The source code is open source (https://github.com/RoboSats/robosats/blob/main/federation.md) so it should be possible to make Monero compatible, just like Bisq was made compatible through Haveno.

I never used LocalMonero because it seemed a bit intimidating, but RoboSats seems friendlier and the Tor by default and per trade anonymous robot feature seems more privacy preserving than LocalMonero. It also has a Telegraph plugin. Liquidity would be an issue, but there's no reason it has to rebuild the wheel. Simply provide a Haveno or BasicSwapDEX or Serai backend and expose their liquidity. Eventually, the Monero to Lightning code that was recently published could be integrated, so in theory the Bisq network could also be integrated for trades.

There's been little incentive to port Robosats to Monero until now, but since LocalMonero is going, and BasicSwapDEX has stated they want a website front end, this is a good opportunity to use a technology that's already open sourced, distributed, and been proven to work. And since its starting off after Haveno/BasicSwapDEX/Serai it can rely on the existing ecosystem rather than build its own from scratch.

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