-
mj-xmr[m]
I think that the Community as a whole should know this, even though for me it's just one rejected person's drama, but it's starting to get sick, IMO.
-
mj-xmr[m]
-
chesterfield[m]
> <@mj-xmr:matrix.org> I think that the Community as a whole should know this, even though for me it's just one rejected person's drama, but it's starting to get sick, IMO.
-
chesterfield[m]
-
chesterfield[m]
oh scary we don't know how this open source software will be used... what if someone uses the library for analyzing monero
-
chesterfield[m]
Might be cool to have a CCS that focuses on creating a sort of psychological Monero dev welcome manual that highlights some of the types of harassment one will begin to receive as a Monero developer and tie it into some of the documented disruption tactics used by the feds
-
chesterfield[m]
would be cool if it had some real examples from reddit/twitter etc
-
onions
-
ZombieMaster[m]
<chesterfield[m]> "Might be cool to have a CCS that..." <- Monero Dev: An introduction to modern psychological warfare
-
luigi1111w
repo.getmonero.org/monero-project/ccs-proposals/-/merge_requests/295 please engage the like/dislike buttons and leave a comment if desired
-
sethforprivacy
<luigi1111w> "
repo.getmonero.org..." <- Left a comment and thumbs up there, seems an oddly combative crowd (that I have never seen on other platforms) jumped in there to downvote, name call, and be toxic.
-
sethforprivacy
I absolutely support the proposal and see it as a necessary step forward or Monero as a tool for freedom.
-
chesterfield[m]
-
chesterfield[m]
Apparently the gov is testing out an 'e-cash'
-
chesterfield[m]
'5. Does E-Cash involve blockchain or distributed ledger technology?
-
chesterfield[m]
No. In contrast to most cryptocurrencies like Bitcoin and Ethereum, E-Cash is a true bearer instrument. Consequently, E-Cash transactions do not involve or require settlement via a blockchain or distributed ledger.
-
chesterfield[m]
Instead, an E-Cash transaction works by transferring an e-cash balance, which is a unique digital representation of value issued and verified by the government, from one secure hardware device to another. The hardware devices themselves, as well as the security measures undertaken by government at the point of original issue, are responsible for preventing double-spending and counterfeiting.'
-
-
merope
Huh, that's an interesting concept
-
merope
But it doesn't address the issue of "where does the money come from"
-
chesterfield[m]
merope: yeah it needs another column in there :)
-
merope
Whoever is in charge of that system has the power to create an infinite amount of money out of nowhere with no oversight nor restrictions
-
chesterfield[m]
but but cryptocurrencies are backed by nothing. it's just numbers on a distributed excel spreadsheet. ngmi
-
chesterfield[m]
wow i'm loading up on ecash
-
merope
If it weren't for the issue of fetching data to create ring signatures, it could even be applied to Monero
-
merope
* of fetching chain data to
-
surgeon_[m]
Well bearer instrument seems great, the "unique" digital representation makes me question the fungibility
-
merope
It would definitely be doable with a transparent coin like Bitcoin though. You'd basically be creating chained transactions with whatever you have "offline", and then settling them all at once when you sync your device online
-
merope
Ooooh nvm, it still doesn't solve the issue of double spending
-
merope
Uniqueness in the sense that you can't duplicate the contents of a device on another device
-
merope
(I presume)
-
merope
Because otherwise you could get two devices, copy the money from one to the other, and end up having twice the money
-
merope
Aka infinite inflation bug
-
merope
And it only takes one pair of such 'broken' devices to send the whole economy in the shitter
-
surgeon_[m]
>Although the ECASH Act does not specifiy a specific per-device denominational or transactional cap, it is expected that such limits will ultimately be incorporated into the final E-Cash design following the pilot phase, similar to how physical currency has denominational caps today.
-
surgeon_[m]
So will that mean I can only hold $1000 in ecash?
-
surgeon_[m]
Or will I simply have 2 "ecash smartcards" with $2000 total?
-
chesterfield[m]
withdraw from your cbdc account to your ecash smartcard(tm)
-
chesterfield[m]
i keep my cash in ecash smartcards under my mattress
-
surgeon_[m]
>galactic credit chits become real
-
surgeon_[m]
Is the bill text unavailable for anyone else? I get 404
-
chesterfield[m]
surgeon_[m]: sir you need a license to read the bill
-
chesterfield[m]
just trust me
-
surgeon_[m]
I have special permission from the Federal Reserve to access public domain information, its all good
-
chesterfield[m]
someone find that damn bill
-
chesterfield[m]
404 for me too
-
entry1[m]
Prob just a nice little trial test run to see if people will adopt it
-
Inge
Nice to see Monero now officially on the UA govt donation page. It was just "someones" tweet a couple of weeks ago.
-
surgeon_[m]
"Oh shit ecash failed, better introduce CBDC asap"
-
entry1[m]
Cash and crypto only, get with the time stinky govt
-
entry1[m]
s/time/times/
-
surgeon_[m]
What is worse: not trying out ecash and it fails and a CBDC gets adopted as a better replacement, or lots of ppl trying out ecash and a CBDC gets adopted because people were clearly excited for digital USD.
-
entry1[m]
Doesn't matter, media will already be primed to write articles shitting on eCash and praising CBDC
-
entry1[m]
Have to keep spreading WEF memes to combat it
-
entry1[m]
-
r4v3r23[m]
> <@sethforprivacy:matrix.optoutpod.com> Left a comment and thumbs up there, seems an oddly combative crowd (that I have never seen on other platforms) jumped in there to downvote, name call, and be toxic.
-
r4v3r23[m]
>
-
r4v3r23[m]
> I absolutely support the proposal and see it as a necessary step forward or Monero as a tool for freedom.
-
r4v3r23[m]
yawn. the attempt to discredit any negative feedback in pathetic and telling
-
r4v3r23[m]
* yawn. the attempt to discredit any negative feedback is pathetic and telling
-
sethforprivacy
Literally thanked two people for negative feedback lmao, but good try.
-
sethforprivacy
Critical feedback != Poop emojis and name calling
-
xxfedexx[m]
Haveno seems too much for profit to me, but still it'll be probably better than CEXes
-
sethforprivacy
I don't understand this fixation to not letting any entity in the ecosystem be for-profit...
-
xxfedexx[m]
You know, I still remember about the huge funding request...
-
sethforprivacy
For-profit that contributes back to the community and ecosystem is a huge win and necessary component.
-
xxfedexx[m]
And anyways it's like paying them to make them earn later
-
xxfedexx[m]
I hope Haveno helps spreading Monero by the way
-
xxfedexx[m]
it may also be useful to stop centralized exchanges from shorting XMR and faking its price
-
r4v3r23[m]
xxfedexx[m]: its not the profit thats the issue, its this ridiculous engine council they are trying to tie to it
-
sethforprivacy
r4v3r23[m]: Then propose something better instead of shitting on everyone else
-
r4v3r23[m]
sethforprivacy: get rid of the engine council
-
r4v3r23[m]
this is a proposal for front end development
-
r4v3r23[m]
and ill shit on who i want, thanks
-
sethforprivacy
r4v3r23[m]: THen how do you handle fee funds and proposals?
-
sethforprivacy
r4v3r23[m]: And the council is part of how the Monero community gets control of future income
-
r4v3r23[m]
sethforprivacy: Haveno can pay for frontend developement and keep profits and decide how to use those funds however they want
-
xxfedexx[m]
sethforprivacy: I am against forced dev funds, it reminds me of ZCash's 20% of block rewards to developers to help development
-
xxfedexx[m]
I want to choose if, how much, and who I want to support
-
sethforprivacy
xxfedexx[m]: ??? How is this at all reminiscent?
-
r4v3r23[m]
xxfedexx[m]: exactly. this is a pathetic attempt to control CCS process
-
r4v3r23[m]
whoever thought of the engine council should seriously be ashamed of themselves
-
sethforprivacy
r4v3r23[m]: How, exactly, can they pay for front end dev before they have fees or income?
-
sethforprivacy
Are you even reading how this works?
-
r4v3r23[m]
sethforprivacy: get a working product out
-
r4v3r23[m]
use bisq UI until they have enough
-
r4v3r23[m]
do yo u not know how a start up business works?
-
sethforprivacy
So ship a half-baked product because you don't like anything?
-
sethforprivacy
With no start-up funds
-
sethforprivacy
And no front-end
-
sethforprivacy
And no devs
-
r4v3r23[m]
half baked? they themselves say its wors
-
r4v3r23[m]
s/wors/works/
-
r4v3r23[m]
its a bisq fork. use the UI
-
sethforprivacy
They could, would be not what they have proposed or been building though
-
sethforprivacy
And that's why you can choose not to donate
-
sethforprivacy
Or give civil feedback
-
sethforprivacy
To help the community make a well-informed decision
-
r4v3r23[m]
all feedback is valid
-
chesterfield[m]
Or throw up a CCS for a cheaper alternative
-
sethforprivacy
r4v3r23[m]: No lol
-
sethforprivacy
No adult thinks this
-
r4v3r23[m]
sethforprivacy: yes lol
-
r4v3r23[m]
no one asked you
-
r4v3r23[m]
jfc
-
sethforprivacy
Literal poop emojies and "commie" name calling is valuable... how?
-
r4v3r23[m]
commie is an accurate description
-
xxfedexx[m]
I am not specifically against UI fund, I am pretty much against the Engine forced donations to development, but as I already said, it's still better than a centralized exchange's fees because at least this might help improving Monero
-
r4v3r23[m]
as for "poop emojies" not my thing but whatever
-
sethforprivacy
xxfedexx[m]: Then leave your feedback! Now is the time π
-
r4v3r23[m]
xxfedexx[m]: exactly. go ahead and mentioned that the 2 should be separate
-
xxfedexx[m]
sethforprivacy: isn't that CCS for UI funding? it would be not too much related
-
r4v3r23[m]
this is literally like a govt spending bill that jams in random things that have nothing to do with main proposal
-
r4v3r23[m]
its a power grab
-
sethforprivacy
xxfedexx[m]: Yes, ultimately it's for front-end dev funding
-
r4v3r23[m]
from the mind of a statist
-
sethforprivacy
But the council/new proposals/etc. are how the Monero community benefits from the donations past just the funded product.
-
sethforprivacy
Monero community gets a 3/5 control over the council
-
xxfedexx[m]
sethforprivacy: a lot of people is downvoting for the Engine, not for the front-end dev funding tho
-
r4v3r23[m]
sethforprivacy: how exactly
-
r4v3r23[m]
it already has 100% control over CCS by direct donations
-
sethforprivacy
r4v3r23[m]: Community chooses 3/5 seats?
-
sethforprivacy
Did you read the proposal?
-
r4v3r23[m]
sethforprivacy: you dont see an issue in this?
-
-
r4v3r23[m]
"community" now becomes 3 peopls
-
sethforprivacy
r4v3r23[m]: How, exactly, do you propose the community each custody funds?
-
sethforprivacy
And handle transactions?
-
r4v3r23[m]
Democratic People's Community Council of Monero
-
r4v3r23[m]
has a great ring to it
-
sethforprivacy
If you come up with some useful insight or feedback feel free to share it.
-
sethforprivacy
Until then this is obviously a useless venture wasting time on your trolling and time-wasting name calling.
-
r4v3r23[m]
sethforprivacy: resistance to a horrible idea is great feedback
-
sethforprivacy
If anyone else wants to chat about the proposal let's do so π
-
r4v3r23[m]
feel free to stop being smug and pretentious
-
surgeon_[m]
<sethforprivacy> "I don't understand this fixation..." <- The problem I see is how Dexs will be regulated going forward. A legal entity subject to LE requests and duress is the problem, not being for-profit imho.
-
sethforprivacy
surgeon_[m]: It's not a legal entity
-
sethforprivacy
That has been changed and is clear in the new proposal.
-
surgeon_[m]
Yes, and thats a good thing(tm)
-
sethforprivacy
Steps are being taken to reduce and pressure points on the HCT members as well, like signing using ring sigs.
-
sethforprivacy
surgeon_[m]: Absolutely!
-
sethforprivacy
Thus why the funds are always kept in Monero and re-distributed by a multisig between many parties (the HCT)
-
sethforprivacy
Circular economy plus distributed keys = much harder to pressure.
-
surgeon_[m]
Yup.
-
r4v3r23[m]
no one is against having a monero dex
-
plowsof[m]
There's 280 xmr / 62k usd collecting dust from this proposal
ccs.getmonero.org/proposals/36c3.html , no one seems to care.
-
chesterfield[m]
We need to get back to more serious and based CCS's like the Tesla giveaway and Project Coral Reef
-
sethforprivacy
plowsof[m]: Huh, Idk that anyone knows -- luigi1111w could these funds be pivoted into a future proposal?
-
lockhead[m]
plowsof[m]: I could have it, I guess
-
lockhead[m]
:^)
-
plowsof[m]
Theres 7kusd in bitcoin in moneros btc general fund wallet collecting dust.
-
chesterfield[m]
chesterfield[m]: you see, the Tesla has a REAL engine. it's a 450 horsepower dual motor. You can't take that away. It's ungovernable (okay there is a governor chip)
-
nioc
7k usd is very little
-
r4v3r23[m]
plowsof[m]: now would be a good time to convert that to XMR
-
chesterfield[m]
r4v3r23[m]: ahem. XMR is going to ZERO. It's a transfer of value currency, not a store of value. Monero devs have repeatedly ignored my requests to add Bitcoin like store of value properties
-
r4v3r23[m]
nioc: thats one's month salary for community spokesmen! god knows we have so many self-proclaimed losers trying to take the role
-
r4v3r23[m]
s/self-proclaimed//
-
plowsof[m]
nioc: $8.6k * , i think that is quite a substantial amount xd
-
nioc
so people are advocating that haveno should get private funding and give the profits to that private entity instead of community funding and money going back to the comunity
-
nioc
hmmm
-
plowsof[m]
People are begging for haveno to support the monero community with donations but we have funds collecting dust that we dont care about . so we frankly dont deserve ANYTHING! (if we dont care about the 'useless' funds)
-
r4v3r23[m]
nioc: that money comes at a cost of giving "engine council" authority on what they deem to be good for monero development
-
onions
nioc: when and where did people "advocate" for that? care to link me to a specific comment or post a screenshot of it?
-
nioc
onions: semantics lol
-
chesterfield[m]
r4v3r23[m]: more funding mechanisms for monero is a good thing
-
r4v3r23[m]
chesterfield[m]: not at the cost of centralization
-
onions
nioc: clearly. brain fog is back on IRC, so not surprised. Welcome back, either way.
-
nioc
that would be the result
-
r4v3r23[m]
there are people out there like seth who think they know better than you what is right or wrong
-
chesterfield[m]
r4v3r23[m]: wut
-
onions
nioc: that would be "your" result. get it right.
-
chesterfield[m]
r4v3r23[m]: so you should also make a funding mechanism
-
r4v3r23[m]
these are the types that will be attracted to a "council" position
-
plowsof[m]
We are trying to use a centralised service (CCS) to discourage a centralised service. My +1 vote is to let the free market decide
-
r4v3r23[m]
chesterfield[m]: we have the ccs. people vote with their wallets
-
nioc
so let them vote
-
r4v3r23[m]
they already do
-
nioc
how do we vote if it doesn't go to funding
-
lockhead[m]
by.. sending monero?
-
lockhead[m]
like we do now?
-
r4v3r23[m]
youre not getting it
-
r4v3r23[m]
we already have the CCS where users can decide directly what to fund
-
nioc
so how do we fund monero development?
-
onions
nioc: Well, you don't "vote" with money, you vote _before_ it gets moved to funding required stage, so the community does come to a loose consensus whether it should be moved there or not, in the first place.
-
onions
Does nioc ever use his brain?
-
r4v3r23[m]
Haveno wants to replace that with their fees and council that decides how those fees are spent
-
r4v3r23[m]
nioc: "who will build the roads?"
-
onions
If we are going to move everything to funding required stage because we "vote" with donations, might as well scrap the comments section and get everything posted in funding required stage by default.
-
onions
Fuck the community meetings, fuck the reddit threads, fuck the GitLab comments section, amirite?
-
nioc
tdo you want to require haveno to fund things in addition to the CCS?
-
luigi1111w
sethforprivacy hmm let's see
-
sethforprivacy
r4v3r23[m]: CCS is not being replaced, no idea why you're lying about that.
-
r4v3r23[m]
onions: THE COUNCIL WILL DECIDE
-
nioc
onions: I know you know, I was asking someone else :)
-
sethforprivacy
onions: No one is saying the current approach isn't fine and working well.
-
sethforprivacy
CCS will go on as-is
-
onions
ok.
-
r4v3r23[m]
sethforprivacy: im not lying because thats not what i said
-
sethforprivacy
Haveno fees will fund a new funding platform, CCS will still be funded by community donations as always
-
r4v3r23[m]
but haveno is selling that monero development will not be self-sustaining
-
sethforprivacy
More funding sources = huge win for Monero
-
r4v3r23[m]
s/not/now*/
-
sethforprivacy
Relying on community donations forever is not sustainable, I would argue
-
nioc
there needs more development than is currently happening
-
sethforprivacy
Expanding to more sources, especially funding sourced from other entities that don't drain community donations, is a huge win.
-
sethforprivacy
nioc: 100%
-
sethforprivacy
And more ways for devs and researches to get and maintain funding.
-
nioc
are donations from haveno limited to funding via the CCS?
-
sethforprivacy
nioc: What do you mean?
-
sethforprivacy
Haveno fees will fund Haveno Engine proposals, CCS will go on as always
-
nioc
are those proposals limited to funding only CCS proposals?
-
nioc
there are other funding avenues currently being used
-
r4v3r23[m]
sethforprivacy: not at any cost, stop being disingenious
-
sethforprivacy
nioc: No, new proposals that are distinct
-
sethforprivacy
People can propose directly to the Engine to have things funded
-
plowsof[m]
The CCS rejected Monerujo - but the free market voted with their wallets and gave them everything they asked for
funding.monerujo.app
-
sethforprivacy
Instead of CCS
-
r4v3r23[m]
the only way i see this working out is if Haveno gives you an option to decide what CCS proposals you want to fund using your fees directly in the UI
-
sethforprivacy
Or alongside I suppose
-
sethforprivacy
<sethforprivacy> "image.png" <- Haveno Engine proposals are distinct
-
sethforprivacy
nioc: Yes, MAGIC in particular
-
r4v3r23[m]
plowsof[m]: yes. CCS is already too centralized, Council is a step too far
-
plowsof[m]
May i just shill the new wishlist which accepts WOWnero too , thanks
getwishlisted.xyz/donate
-
sethforprivacy
This "type" of person that contributes nothing and spends all their time shitting on every approach being taken in the community is.. quite something.
-
sethforprivacy
plowsof[m]: Love it π
-
bridgerton[m]
<RawParrot> I'm a bit confused about the centralization concern. If you don't like the proposal, don't donate to it. The proposal changes nothing about the Monero project itself.
-
bridgerton[m]
The choice that is on the table is between Haveno completely funding itself, or it receiving community funding and setting up a system to channel funds to Monero related work. Why do the specifics of the system in the latter case cause a centralization concern? If you donate to the proposal then you are accepting that your investment is represented by the council that is planned.
-
bridgerton[m]
For the record, I don't plan on donating to the Haveno CCS. I also don't see why it should concern me if this plan goes forward and others decide to do so.
-
r4v3r23[m]
sethforprivacy: yup
-
entry1[m]
What % of the engine fee collected goes towards Monero, not Haveno, development? Or is it completely up to the 3/5 members?
-
sethforprivacy
entry1[m]: Up to all 5 members what is approved or not for funding
-
sethforprivacy
But I would suspect with 4/5 being non-Haveno, most will be Monero-focused
-
sethforprivacy
Especially as Haveno funding will be via distinct proposals every 6-12mo
-
sethforprivacy
That will likely encompass the bulk of Haveno work, and comes out of the other 50% of fees collected.
-
r4v3r23[m]
i repeat: the only way i see this working out is if Haveno gives you an option to decide what CCS proposals you want to fund using your fees directly in the UI
-
Rucknium[m]
N.B.: Certain variants of Seraphis would allow non-custodial crowdfunding in a similar way to Flipstarter on BCH:
-
Rucknium[m]
-
sethforprivacy
> <@bridgerton:matrix.org> <RawParrot> I'm a bit confused about the centralization concern. If you don't like the proposal, don't donate to it. The proposal changes nothing about the Monero project itself.
-
sethforprivacy
> The choice that is on the table is between Haveno completely funding itself, or it receiving community funding and setting up a system to channel funds to Monero related work. Why do the specifics of the system in the latter case cause a centralization concern? If you donate to the proposal then you are accepting that your investment is represented by the council that is planned.
-
sethforprivacy
> For the record, I don't plan on donating to the Haveno CCS. I also don't see why it should concern me if this plan goes forward and others decide to do so.
-
sethforprivacy
And that's the beauty of a completely opt-in funding system like the CCS π You can just... not donate!
-
lockhead[m]
r4v3r23[m]: ugh stop name calling jeez π
-
sethforprivacy
> <@rucknium:monero.social> N.B.: Certain variants of Seraphis would allow non-custodial crowdfunding in a similar way to Flipstarter on BCH:
-
sethforprivacy
-
sethforprivacy
Ohhh, nice!
-
surgeon_[m]
They are gonna blow all the fee funds on coke, aren't they? π
-
r4v3r23[m]
lockhead[m]: ?
-
lockhead[m]
sarcasm
-
r4v3r23[m]
:)
-
r4v3r23[m]
surgeon_[m]: for the good of monero!
-
lockhead[m]
gulago
-
r4v3r23[m]
r4v3r23[m]: Seth For Privacy: here's your "constructive feedback"
-
r4v3r23[m]
in b4 "that unrealistic"
-
inlight
i love monero
-
inlight
i use monero to launder my money
-
inlight
thanks a lot)
-
lockhead[m]
based?
-
r4v3r23[m]
inlight: based
-
sethforprivacy
<r4v3r23[m]> "i repeat: the only way i see..." <- Actually a good idea, propose it π
-
sethforprivacy
Although it doesn't work until there are proposals actively needing funding
-
sethforprivacy
But once there are it's an interesting one.
-
r4v3r23[m]
sethforprivacy: why? so i can be shot down for attacking monero for going against ericcoines wishes?
-
r4v3r23[m]
sethforprivacy: general fund
-
r4v3r23[m]
with NO council
-
sethforprivacy
r4v3r23[m]: it would be the first useful feedback you've provided
-
sethforprivacy
You chose your approach and chose to be toxic so far so it's likely you won't be taken seriously
-
entry1[m]
Assuming 50% of engine fees (effectively 1/4th of the 1% transaction fee collected by using Haveno to trade), we would need $61,600,000 trade volume to recoup the amount raised by the community. That would be the break even for a profitable recurring revenue stream based on amount raised. Again, it would be a flowing revenue stream from the beginning, but just less than the amount raised until that point is reached.
-
sethforprivacy
But you can always try to claw back some shred of reputation.
-
r4v3r23[m]
sethforprivacy: bitch about it
-
sethforprivacy
r4v3r23[m]: Then build it or propose it and see if Haveno are open
-
r4v3r23[m]
sethforprivacy: spoken like a true clout chaser
-
sethforprivacy
I would be against funding general fund directly, FWIW.
-
sethforprivacy
entry1[m]: The donations are also 100% funding the critical front-end work, they're not just being given away.
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lockhead[m]
sethforprivacy: jesus man
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sethforprivacy
We're getting FOSS development for that, and the whole Engine council situation
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r4v3r23[m]
lockhead[m]: this is the type of attention seekers we are dealing with
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sethforprivacy
entry1[m]: Good to run the numbers though, I hadn't considered that angle on the ROI for the amount itself
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sethforprivacy
I would love to think we get to that volume rather quickly once Haveno is live π
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sethforprivacy
But only time will tell.
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entry1[m]
sethforprivacy: 100%, just wanted to put some perspective out there. This is not intended to be just a recurring revenue stream fundraiser. I'm all in favor for another dex because if something happened to LM, that would be extremely devastating.
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sethforprivacy
entry1[m]: No kidding, and the centralization of LM makes that a distinct possibility.
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sethforprivacy
Something decentralized and FOSS is key as an alternative, and it will have quite different approaches and so quite different pros/cons.
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xxfedexx[m]
<entry1[m]> "Assuming 50% of engine fees (..." <- who said that Haveno will have an 1% fee?
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inlight
hi seth
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inlight
you seem nice
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xxfedexx[m]
the fee is not decided yet, right?
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sethforprivacy
inlight: Hi π
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inlight
btw- i have an issue
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xxfedexx[m]
1% would be a lot by the way
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inlight
why are you using nad promoting threema ?
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sethforprivacy
inlight: Great tool for private e2ee chats w/o phone number
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inlight
you promote anything cheesy and shiny which comes on the internet (no offence)
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sethforprivacy
lol
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inlight
Threema is just a cheap insecure clone of signal
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inlight
signal use phone no. to counter spam (threema is snake oil)
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sethforprivacy
inlight: Lol Threema existed 2y before Signal
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inlight
Tox and briar is better.
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inlight
but it is
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sethforprivacy
And was more modeled off of an e2ee WhatsApp
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inlight
and it's marketing tactic
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sethforprivacy
inlight: For a few distinct threat models, but has massive draw backs.
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sethforprivacy
This is off-topic, lets keep this room for Monero discussions please.
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sethforprivacy
Feel free to DM about all of that if you feel like it.
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inlight
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entry1[m]
xxfedexx[m]: Its not. Based my 1% fee on this resource and to a comparable DEX.
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inlight
^ kindly read this :)
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entry1[m]
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xxfedexx[m]
i hope for 0.2% fees or less
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xxfedexx[m]
nearly no one would use an exchange with 1% fee
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nioc
current fees for LM are 1% maker 0% taker
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r4v3r23[m]
inlight: anything for the likes!
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merope
xxfedexx[m]: Kraken's "buy with credit card" fee is 3%
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xxfedexx[m]
I am talking about crypto<>crypto
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inlight
wut , i'm genuine,before reading i used to believe threema is better but its a snake oil
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merope
(not saying that it's "good", just that it exists)
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inlight
r4v3r23[m]: yah)
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xxfedexx[m]
merope: exchanging bitcoin into monero and viceversa on tradeogre costs you 0.2% fee, why would any user switch to haveno?
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xxfedexx[m]
only for fiat to crypto?
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nioc
because fiat
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merope
yup
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nioc
what are the fees on Bisq?
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merope
"We havenβt made a final decision on the amount of the Haveno fee, but it will most likely be less than 1%"
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merope
So it's not really 1% - nor any other number really, because they haven't decided yet
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entry1[m]
nioc: Combined BTC trading fee rate is 1% (0.12% by maker and 0.88% by taker).
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xxfedexx[m]
i know, i said "i hope for something like 0.2%
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xxfedexx[m]
* like 0.2%"
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entry1[m]
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nioc
yes I ddg ed
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nioc
Combined BTC trading fee rate is 1% (0.12% by maker and 0.88% by taker)
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nioc
thx entry1[m]
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entry1[m]
np OG
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nioc
a possible issue with voting on proposals by trading fees is that the whales have more say, sort of like pos
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nioc
there is no simple answer, even this idea which certainly has merit
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surgeon_[m]
<xxfedexx[m]> "exchanging bitcoin into monero..." <- They probably wouldn't
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sethforprivacy
nioc: The fee-payers don't get the vote, the council does FWIW
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sethforprivacy
And fee-payers don't get a correlated voting weight when choosing council members or anything.
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nioc
I was commenting on an idea put forth here
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sethforprivacy
Ah
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sethforprivacy
Sorry π
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nioc
np
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xxfedexx[m]
surgeon_[m]: I know, this is why we need super low fees
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sethforprivacy
be sure to give feedback in #haveno:haveno.network, I could also see different fees for crypto<>crypto and fiat<>crypto trades as they have different risks and difficulties.
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xxfedexx[m]
sethforprivacy: already did
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xxfedexx[m]
different fees for crypto<>fiat and crypto<>crypto can work
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xxfedexx[m]
but anyways why putting fees?
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sethforprivacy
To fund development, fund arbitrators, etc.
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xxfedexx[m]
i mean, at least some minimal fees are for avoiding spamming
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sethforprivacy
If you have a way to do all of the things necessary from fees without fees, please do propose it π
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sethforprivacy
<1% is already quite minimal
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xxfedexx[m]
sethforprivacy: it's not minimal if you are a trader
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sethforprivacy
Idk that a platform like Haveno is really ideal for "trading"
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sethforprivacy
Of course it can be used for that but p2p solutions for exchanges will necessarily be not great for "trading"
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sethforprivacy
As they introduce a lot of friction and time delays (necessarily) over CEXs and paper-trading.
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surgeon_[m]
xxfedexx[m]: Why? Just use tradeogre instead.
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sethforprivacy
surgeon_[m]: TradeOgre is custodial, could KYC or freeze funds at any time, cannot do fiat trades, etc.
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xxfedexx[m]
tradeogre is bad just like any centralized exchange
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sethforprivacy
It's a good service but not ideal long-term in any way.
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sethforprivacy
Only reason it's "fine" is that it's no-KYC (for now)
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xxfedexx[m]
sethforprivacy: centralized exchanges can also give you "fake xmr" they don't actually own, thus reducing the price
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sethforprivacy
xxfedexx[m]: Yeah as long as you don't withdraw.
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xxfedexx[m]
this happened for centuries with gold and happens with Monero tooΓΉ
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sethforprivacy
For sure
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xxfedexx[m]
s/tooΓΉ/too/
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xxfedexx[m]
sethforprivacy: Not many people withdraw
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xxfedexx[m]
including myself, i keep a part of my XMR on TradeOgre
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surgeon_[m]
sethforprivacy: So what you're saying is there is value in a service that doesn't have these shortcomings? Could this value possibly be expressed in higher fees?
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sethforprivacy
<surgeon_[m]> "So what you're saying is there..." <- Yes, and should be
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sethforprivacy
Higher fees are necessary as you're paying arbitrators, open-source contributors, and can't be as "lean" as a centralized and closed-off entity.
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sethforprivacy
IMO, of course.
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surgeon_[m]
Yeah, that was exactly my point.
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inlight
hi
-
inlight
i closely follow monero , but i use bitcoin cash/ btc
-
inlight
however, i would like to use monero as early as possible, but the problem i am facing is related to the 24 word seed key
-
inlight
generally i remember my 12 word (multiple) wallet keys of my btc/bch wallet
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inlight
that isn't possible in monero wallet
-
inlight
and i want a electrum style wallet for monero), not some electrion gui thing.
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nioc
just make believe it is 2 twelve word seeds :)
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nioc
it is actually 25 words
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nioc
feather wallet uses a 14 word seed
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nioc
c11
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r4v3r23[m]
inlight: you can import your 12 word seed into Monerujo
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r4v3r23[m]
it will convert it to monero's 25 word seed
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nioc
convert a btc/bch seed into monero?
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r4v3r23[m]
yes
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inlight
hi
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TuscanDigitalNom
Maybe is a too basic question, but can someone tell HOW to buy Monero at beginning? I look for no fees starting from IBAN accounts or debit cards or cash at ATMs
-
inlight
ther are fees )
-
TuscanDigitalNom
Withdrawal from BTC wallet in Crypto.com is fixed to about 20 EUR. How much withdrawal for Monero?
-
sech1
what? withdrawal from where?
-
sech1
Monero transactions cost less than 0.01 EUR
-
sech1
withdrawal fee on Kraken is 0.0001 XMR, or about 2 cents
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entry1[m]
<TuscanDigitalNom> "Maybe is a too basic question..." <- Kraken, Binance (make sure to immediately withdraw due to their history), LocalMonero, ChangeNow, FixedFloat
-
TuscanDigitalNom
I mentioned withdrswal fee from BTC
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TuscanDigitalNom
entry1[m]: Thanks
-
inlight
hi
-
inlight
brothers
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TuscanDigitalNom
Hi
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chaser1
<TuscanDigitalNom> "Maybe is a too basic question..." <- You can't avoid fees because operating a service costs resources. Don't use centralized exchanges. First buy BTC with fiat from a someone at your local Bitcoin meetup group, Bisq, or a crypto ATM (find one on Coin ATM Radar). Then use Bisq or an instant exchange (e.g. Fixedfloat, Sideshift) to exchange the BTC to XMR.
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mj-xmr[m]
<chesterfield[m]> "> <@chesterfield:faelix.im> oh..." <- Then I propose to close the sources of Monero, if that's your concern. Same with OpenSSL.
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mj-xmr[m]
-
TuscanDigitalNom
<chaser1> "You can't avoid fees because..." <- Not possible to buy Monero with Fiat currency?
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chesterfield[m]
<mj-xmr[m]> "Then I propose to close the..." <- It was a joke ππ
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mj-xmr[m]
Booahhh. I was starting to loose hope in humanity!
-
mj-xmr[m]
Sorry. I'm in a bad mood today.
-
chesterfield[m]
mj-xmr[m]: Take a walk in the woods, and know your work is appreciated by many π
-
chaser1
<TuscanDigitalNom> "Not possible to buy Monero..." <- Possible, but for now, much harder. There may be someone in your local crypto community who is willing to sell monero as well, ask around. You can find a few ATMs that work with Monero. You can use LocalMonero too. Hopefully this year Haveno will launch, which will be a decentralized fiat <--> XMR exchange in the spirit of Bisq.
-
seragold[m]
well there is bisq which I imagine will be around. And some CEX though you have to KYC to buy from fiat carry it. In US Kraken is the best of them. And you can buy most any coin you like for fiat and swap it to monero without KYC on swapzone, changenow, stealtex.io, xchange.me etc.
-
yarg
whats a "store of value property" that XMR lacks?
-
plowsof[m]
inflation bug
-
plowsof[m]
* inflation bug /s lol
-
chesterfield[m]
plowsof[m]: instant visibility of an inflation bug ;)
-
yarg
there might be a gigantic gold mine in my backyard that nobody has discovered yet, which has enough gold in it to double the amount on earth. is gold not a store of value?
-
merope
That would not be a bug though
-
yarg
point is, total gold supply is not auditable. this does not stop gold from being an excellent store of value. of course we know that gold cant just arbitrarily inflate due to laws of physics so not direct analogy
-
plowsof[m]
store of value - currency - pick one?
-
yarg
i call false dichotomy
-
plowsof[m]
i would agree - i meant 'number go up' instead of store of value
-
kinghat[m]
they are on to you Jesus:
youtu.be/IoE28DSp2SU
-
kinghat[m]
* to you, Jesus: