what is "it"

is there any downside to registering with an american exchange like kraken?

could there be legal trouble in the future?

I want to get some monero, but localmonero.co looks like to much of a pain in the ass

Localmonero is great, depending you're location.

Else yeah, you can try to use any exchange you can use then use service like trocador to swap you're whatever crypto to monero.

Protip, don't buy bitcoin for that swap, at least not right now, get Litecoin or tron or whatever half decent.

jollyboy:

hi

what do you think about exchanges like kraken? could doing business with them cause problems in the future?

Doubt it

You can't retroactively ban stuff

Kraken is fine. I think it is KYC so you will have to provide papers.

It's better to find an exchange without such requirement.

But if you're plan is to obtain crypto using a credit card or debit card, only options are KYC exchange as credit/debit is viewed as an unsafe payment method in the crypto industry

RavFX: if you want to buy a sizable amount...buying with fiat is the only way right?

if not, you already need to own coins to swap

You have to start from something.

I buy mine with cash or I just get paid with them so yeah, I use fiat sometime. But cash is not reversible, that was what I ment.

I think cake have also a way to buy monero with card, I never tried it..

But anyway, Kraken is fine

"New mixnet integration: Nym for Monero!" blog.nymtech.net/f0a3068e803f

Not bad

<Rucknium[m]> ""New mixnet integration: Nym for..." <- Yeah , it is nice, but there are some “bad points” I don’t like the business model behind NYM… yesterday at Monerotopia I was talking with Daniel (from Latinoamerica NYM) and seens that in the future you will need to pay to use NYM…

To pay you need NYM tokens 😩 actually to get NYM legacy you need to go through KYC

Payment for use is part of their anti-Sybil model. Since Tor nodes are run by volunteers, they argue, it is easier to Sybil attack Tor. Or DDoS attack Tor, which happened in the last year.

They need to fix the KYC issue.

Agreed 👍🏼

As Daniel told me (unofficially) the issue of the KYC is temporary while the company grows, once it is more developed they will eliminate it... If they did it now the governments could cut off their heads.

So by reading the docs on their website and if I understand correctly, you have to pay to use this network. (You also have to pay if you want to run a node.)

So that’s a privacy tool for people that can afford it and have access to their nym token.

I don’t like this model. It’s not for all of us, if you can't pay you’re out. That’s bad.

> <@isis2022:matrix.org> So by reading the docs on their website and if I understand correctly, you have to pay to use this network. (You also have to pay if you want to run a node.)

> So that’s a privacy tool for people that can afford it and have access to their nym token.

> I don’t like this model. It’s not for all of us, if you can't pay you’re out. That’s bad.

Actually is free but yes, you will need to pay

Yo run a node and be able to mix 24 hours you need 200k tokens = 40,000 USD

This tokens can be staked from other people in your node… Not necessarily you need to put it from your pocket

So now I live in Myanmar and want to have some private internet. Do I hav to buy a token?

<Lovera[m]> Actually is free but yes, you will need to pay <<>> ^_^

and if the price of the token goes up 10x = $400k 0_o

are they setting the price of the tokens?

how many do they make out of thin air for themselves?

no I did not read the link :D

soon™

Nym has a lot of venture capital backing. IMHO, it's an interesting project, but maybe it will not achieve its goals.

I don't know how to sell my Nym tokens lol

fortunately I did not buy that much

venture capital means a profit MUST be made

isis2022: Yes. That's how incentives in the system work. AFAIK, there is no way to get basic internet access without some sort of cost, anyway. May be opportunity cost of using the internet outside of your home, of course.

If governments try to launch a Sybil attack against Nym by buying tokens and setting up surveillance Nym nodes, the purchasing power of NYM token would rise. So a de-anonymizing attempt is ironically good for people who hold the token.

Like I said, privacy with nym is not for all of us. Might be a sexy crypto, but as a privacy tool it sucks already. Privacy for the happy few that have access to money and the infrastructure to buy their token. That’s a big no no.

Meanwhile Tor and i2p are getting DDoSed. They don't have an incentive model. I'm not saying Nym is the best solution. It's an alternative model.

There is almost no dossing atm on Tor.

Then with Tor, you can have free privacy only in years when it's not getting DDoSed. With Nym, you can only have privacy if you pay. The models are different. That's innovation and competition.

The Nym mixnet model is supposed to provide stronger privacy against extreme threat models than Tor's onion routing.

Only for those who can afford. But I agree, it’s a different model. Not one that I like, but hey, that’s me. It’s not a competition for tor imo. The goals are different, Nym is about money, Tor is not.

Okay, I have made my statement and will go on. Enjoy Nym if you like. I resent its model and will not.

<isis2022[m]> "There is almost no dossing atm..." <- Ask yourself - do you run an exit node?

When i run tor, i leech

when i run i2p, i contribute

I2p is safer for me to contribute to (and contributes by default), whereas a tor exit node can get me in trouble over the websites someone else decides to visit (and has to be setup manually)

Yeah well, I don’t agree, never mind. We were discussing nym. As a long time tor contributor and seeing what tor means for a lot of people in repressed countries I just resent nym’s model. That’ all. Be a happy i2p user, that’s just fine.

So, you do run an exit node?

You really replied to nothing i said. Didnt answer the question about contributing via running exit nodes and then spoke vaguely about contributing

I _use_ both tor and i2p. Happy user i guess

but using =/= contributing bandwidth. I contribute nothing to tor

And that is the default setup of tor.

The only way to rely on tor as a backend for monero, would be for monero node runners to also run tor nodes

Thats likely never going to happen

Nothing is perfect, but while i like tors usability better, its thr ratio of users to contributors is terrible

<ofrnxmr[m]> "Thats likely never going to..." <- You are right, I don't like when half my vps are getting flagged.

My tor contribution lasted a month

Tor make it too easy to get the IP of the exitnodes

Like... why... lol

My pfsense has a list of entry and exit nodes from emerging threat rules