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n1oc
vtnerd Full-Time 2023 Q3 has moved to funding!
ccs.getmonero.org/proposals/vtnerd-2023-q3.html
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comradeblin[m]
Hey guys, I created a CCS for the Monero Business Wallet. If anyone is interested after the Subscriptions wallet, you are more than welcome to look into it :)
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plowsof11
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comradeblin[m]
<ofrnxmr[m]> "comradeblin: lmk if you have..." <- Hey, I understand your concerns, the option to auto convert is there for merchants that are not that much into monero/crypto, but would like to accept.
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comradeblin[m]
<sech1> "Since we're talking about..." <- Thanks for the feedback, I'll make sure to talk this through with Luke, although as said, the conversation with sideshift is option to be as simple as we can.
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comradeblin[m]
<plowsof11> "i think this can be handled by..." <- Definitely, but it is called BTC and not MoneroPay for a reason
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comradeblin[m]
We gladly accept any recommendations about the Business wallet.
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vostoemisio[m]
Hey Everyone!
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vostoemisio[m]
I'm pleased to share with you the voiceover and general script for our first Core Concept video, which focuses on Tail Emission. Also, a big thank you to xenu for revising and helping with the script.
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vostoemisio[m]
//VOSTO
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vostoemisio[m]
* Hey Everyone!
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vostoemisio[m]
I'm pleased to share with you the voiceover and general script for our first Core Concept video, which focuses on the Tail Emission. Also, a big thank you to xenu for revising and helping with the script.
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vostoemisio[m]
//VOSTO
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comradeblin[m]
<ofrnxmr[m]> "convert to stablecoins vis..." <- Sorry, I think you misunderstood, we are not advertising 3% in any way. "We believe that this can be done for less than the cost of credit card processing fees (3%)." As I see sideshift takes about 2.5 percent, and trocador takes about 0.06-0.1%, that being said, we'll implement trocador first instead sideshift. And it will be still optional. Thanks for bringing this to my
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comradeblin[m]
attention.
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nioc
vostoemisio[m]: AIUI the tall emission is necessary for the dynamic block size to work. This is because it makes it possible to use a penalty for certain scenarios of block increases
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nioc
without the tail emission there is nothing to penalize
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comradeblin[m]
lukeprofits:
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naphtha[m]
<DanrdarkIsnotthe> "I had a thought, cause sdk..." <- im off that molly
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naphtha[m]
im off the bean
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naphtha[m]
give me your molly instead pls
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DanrdarkIsnotthe
Send molly through molly
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lukeprofits[m]
<comradeblin[m]> "lukeprofits:..." <- I'm here. Let me respond to a few of these to explain things.
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lukeprofits[m]
<ofrnxmr[m]> "Fiat is not stable (rofl lmfao..." <- Yes. Fiat is ass, Monero is better. I agree. That's why I'm working on software to help people use Monero more easily.... (full message at <
libera.ems.host/_matrix/media/v3/do…95ef52442215bdd3a8bc00c2dbec8c8a09a>)
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lukeprofits[m]
<ofrnxmr[m]> "Naive proposal..." <- If you have any suggestions or things that would make it better, I am open to ideas. There is currently nothing that is easy to setup and works.
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lukeprofits[m]
<plowsof11> "comradeblin: is here yes..." <- I'm also here. :)
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xenu[m]
<nioc> "without the tail emission..." <- this is referenced in the last two sentences of the monero model paragraph
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nioc
xenu[m]: thx, I missed that
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lukeprofits[m]
<ofrnxmr[m]> "Rofl. Business shitcoin 101" <- I understand the hatred of stable coins. If people want to sell stuff for Monero, and then keep the Monero, obviously they can do that. That's awesome. Circular Monero economy ftw.... (full message at <
libera.ems.host/_matrix/media/v3/do…1e01a0e01a4404ae18bfbd0fab6ebaadc9f>)
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lukeprofits[m]
<sech1> "Since we're talking about..." <- This sounds like a good idea, and I will look into it. Haven't used Kraken much, but may be worth implementing. I'd like to provide multiple options to "cash out" with. Lowest fees & easiest to setup will be default.
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plowsof11
comradeblin: "Definitely, but it is called BTC and not MoneroPay for a reason" -> monero works "fine" with btcpayserver - perhaps lacking some docs?... some optimisations maybe?
bounties.monero.social/posts/88/1-9…pay-server-additional-optimizations good enough for monerokon to use to sell beer... why not just add the cashing out feature (which looks to be possible in btcpayserver)
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DanrdarkIsnotthe
Is the business wallet trying to be all in one?
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comradeblin[m]
<lukeprofits[m]> "This sounds like a good idea..." <- Sadly kraken is kyc'd
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plowsof11
the problem i have, i assume some others may share it - is we've had this discussion many times with several projects 'im going to make this thing that helps merchants accept monero easily' (some are in progress / have received funding through the ccs already) what makes this one different? to sponsor something to be built from scratch while existing solutions are already being used
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comradeblin[m]
DanrdarkIsnotthe: Imo thats the idea, but ill let luke answer on that. lukeprofits:
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DanrdarkIsnotthe
If your trying to off ramp it kyc is always there in an exchange
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lukeprofits[m]
<MajesticBank> "also previous work is well..." <- I feel like I've done enough free work for the community to at least be somewhat trustworthy. I don't claim to be the best coder here, but I know I can build something that will work and nobody else has done it yet.
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lukeprofits[m]
If someone else wants to make something better than what I am working on, or take what I write and improve upon it, I'm all about that.
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DanrdarkIsnotthe
Localmonero p2p api when
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DanrdarkIsnotthe
Wallet to account api
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comradeblin[m]
DanrdarkIsnotthe: Wait.. there is one?
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comradeblin[m]
We'll be sure to check that out.
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comradeblin[m]
I was thinking about that one day. Then forgot about it. Thanks for bringing it up.
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plowsof11
another project which has all the same goals and supports many cryptos
bitcart.ai - mrnaif the creator. do you have any advice for people who want to convert their crypto to fiat using your platform?
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lukeprofits[m]
<ofrnxmr[m]> "convert to stablecoins vis..." <- We will be looking into other options as well, but my first though was sideshift because I've used them before. Merchants are charged 3% for credit card processing fees, PLUS have to deal with disputes (total loss on 1%-2% of transactions).
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lukeprofits[m]
With a transaction fee on Monero of less than $0.01, and under 3% conversion fee with Sideshift (open to better alternatives), plus a layer 2 stable coin transaction fee, I'm pretty sure we can be under 3%.
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lukeprofits[m]
Even if it ends up being 4-5% value loss from the start, that may still be good enough for many merchants, due to not having any risk of chargebacks. We obviously want it to be as low as possible though.
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plowsof11
what would the merchant do with the stable coin (usdc)?
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comradeblin[m]
plowsof11: Either hold, or cash out.
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plowsof11
how would they cash out the usdc
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plowsof11
im adding up the fees - where is that usdc held?
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comradeblin[m]
At an exchange. It is just an option for those who want to convert the currency immadiately after being unlocked, and dont have time to go in the exchange. Trade the xmr to usdc. Just enter the usdc address in the config and either trocador or sideshift does it
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lukeprofits[m]
<plowsof11> "comradeblin: "Definitely, but..." <- I have seen people specifically complain about the setup process being too difficult. It definitely works, but is too complex for non-tech people.
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lukeprofits[m]
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lukeprofits[m]
This guys tweet was actually a large inspiration for me, and a big part of why I started working on projects that increase the acessability of Monero.
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plowsof11
what exchange would i be using to hold this usdc? any recommendations (i can't use kraken because as you point out, its kyc'd)
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plowsof11
tradeogre i think?
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comradeblin[m]
I am not familiar w/non kyc exchanges. Although we could implement a usdc wallet to be inbuilt too.
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plowsof11
(they have usdt)
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comradeblin[m]
plowsof11: What chain?
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plowsof11
is usdc on ethereum? are we going to self custody usdc? tx fees? are we turning the kebab merchant into a crypto trader?
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comradeblin[m]
plowsof11: We would have used polygon usdc.
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lukeprofits[m]
<DanrdarkIsnotthe> "Is the business wallet trying to..." <- The goal for the business wallet is to make accepting Monero super easy to use, even if the merchant barely understands crypto.... (full message at <
libera.ems.host/_matrix/media/v3/do…fe97227715c83da6479e9d50aec615543e6>)
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plowsof11
lukeprofits: taxes? kyc exchange is fine thne
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lukeprofits[m]
<plowsof11> "the problem i have, i assume..." <- I understand that.
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lukeprofits[m]
Is it possible to set the CCS to only pay out when we finish it and it works?
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lukeprofits[m]
(I'm building it whether or not we get funding, but it will be a lot faster if I can dedicate working time to it and not just doing it in my spare time.)
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comradeblin[m]
Yea, its fine for most of the non cryptohead merchants. The troc and the sides are just optionals, so no messing with going into the exchange, copying address, pasing to app.... Just do it with the usdc/t address once, and whenever a limit is met, it will auto transfer. They'll just need to CO
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plowsof11
with your wallet + stable coin - i see a PITA and fees comparable to credit cards and then im left with "usdc" - i assume id have to swap it on an exchange again (fees) to then sell it p2p on localmonero? if we're going down the no kyc route
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plowsof11
if i was a merchant i'd turn the crypto payment processor off and go cash only or use
hotshop.onrender.com/# and sell the xmr on localmonero above or at market rates
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Rucknium[m]
plowsof: Agree. IMHO, Kraken (or other KYC CEX) API to actual fiat, ready to withdraw to a fiat bank account, would be fine. You either make it easy or make it hard. Hard is XMR -> LocalMonero. Easy is XMR -> USD-Kraken. No reason to mix hard and easy and have the worst of both worlds.
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comradeblin[m]
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Rucknium[m]
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Rucknium[m]
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comradeblin[m]
Rucknium[m]: We could do cex apis, but that would again complicate things as the merchant would need to get api key.
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lukeprofits[m]
<DanrdarkIsnotthe> "If your trying to off ramp it..." <- True. KYC is always an issue for the offramp.... (full message at <
libera.ems.host/_matrix/media/v3/do…9012ea37ad52d77219251ad9b63915ec211>)
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plowsof11
comradeblin[m]:
support.kraken.com/hc/en-us/article…0000919966-How-to-create-an-API-key if the merchant can't RTFM and get an api key then theyre not going to be a cryptotrader/localmonero p2p seller
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lukeprofits[m]
<plowsof11> "another project which has all..." <- Looks like a cool project.
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lukeprofits[m]
<plowsof11> "what would the merchant do..." <- I want to preface this: fuck coinbase... (full message at <
libera.ems.host/_matrix/media/v3/do…b710642ac201ad06e0fb60cbef8820f278d>)
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plowsof11
Coinbase has fees
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plowsof11
if i want to withdraw USD via wire transfer that'll cost me $25
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Rucknium[m]
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Rucknium[m]
First checkbox is
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Rucknium[m]
✅ NEVER TOUCH CRYPTO — Get settled in cash
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plowsof11
"ACH" is free (not sure what that is)
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Rucknium[m]
If you want to replicate the BitPay experience for merchants, but with Monero....may be a good idea
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lukeprofits[m]
<plowsof11> "what exchange would i be using..." <- This project is about acessability to merchants. The merchants I am hoping to reach are already accepting credit cards (which is KYC).
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lukeprofits[m]
KYC is not the issue we are trying to solve with the project. (Though I agree, KYC sucks.)
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lukeprofits[m]
Merchants who are not okay with KYC can use localmonero (but they will probably not be the ones using the auto-convert to USD option.)
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plowsof11
clearly comradeblin has other ideas so you both need to get on the same page
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plowsof11
a "swap site api integration" into bitpay to "support Monero" would do the job
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lukeprofits[m]
<comradeblin[m]> "I am not familiar w/non kyc..." <- No need for that. People can run their own seperate usdc wallet if they care that much, but we don't need to integrate it directly.
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plowsof11
what happens when a customer sends a payment through a swap site and oops, shotgun kyc - (trocador has measures in place for this and offers insurance)
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Rucknium[m]
Does shotgun KYC ever happen with XMR? I thought shotgun KYC happened because the risk score of the UTXO of transparent coins was too high
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plowsof11
they would only have the amount and 'from whom' (ip geolocation or using anonnetwork/vpn)
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lukeprofits[m]
<plowsof11> "with your wallet + stable coin -..." <- For no KYC, just choose the "Forward to cold storage" option and paste your XMR address. Most Monero enthusiasts will do this rather than auto-convert to USD (Auto-convert is for acessability to non-crypto people).
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lukeprofits[m]
If you want to convert to USD just to avoid price fluctuations, you could send to a self-hosted wallet instead of an exchange, but wouldn't make a ton of sense. Probably better to just go straight to local Monero and sell it.
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plowsof11
Rucknium[m]: Morpheus: could speak on this (i only have an opinion not facts)
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Rucknium[m]
Without auto-convert to fiat, the XMR Business Wallet doesn't offer much that other software doesn't already provide.
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Morpheus[m]
As a matter of fact KYC shotgun has NEVER happened to XMR users
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Morpheus[m]
At least not on Trocador, anyway
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Morpheus[m]
Once it happened to myself when I was a fool, like 4 years ago, using Changelly, but this was mostly because Changelly is a terrible website
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plowsof11
ch*ngelly
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DanrdarkIsnotthe
Found you
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Morpheus[m]
Monero is the only coin that no user has ever had any problems when depositing into these instant exchanges
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plowsof11
i retract the worry of shotgun kyc with xmr then, thanks for the info - xmr is 'clean' (i was just pointing out that a large amount of xmr coming from tor would score high on being sus)
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lukeprofits[m]
<Rucknium[m]> "lukeprofits: comradeblin..." <- > <@rucknium:monero.social> lukeprofits: comradeblin Suggested reading:
uschamber.com/co/run/finance/accepting-cryptocurrency-as-payment
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lukeprofits[m]
>
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lukeprofits[m]
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lukeprofits[m]
Yeah. People don't use Bitcoin due to expensive transaction fees, and you lose some going from fiat to crypto. Monero has the transaction fees figured out, but obviously going fiat to crypto could be better.
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Morpheus[m]
plowsof11: This would not happen
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DanrdarkIsnotthe
Not sure how you could comply with business wallet with off ramps. You would have to declare with irs or wat eva. Give me my tax!!
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Morpheus[m]
Instant exchanges, and regular exchanges rely on AML checking to see if the funds are problematic, but that's impossible with XMR
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plowsof11
wow i love XMR
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Rucknium[m]
Hypothesis confirmed
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lukeprofits[m]
<comradeblin[m]> "We could do cex apis, but that..." <- Yeah I didn't realize about Kraken. We can have this as an option, but I do want a fast, minimal setup option first (and then option advanced setup for better rates)
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Rucknium[m]
There's even a risk score with credit cards. Found that out while using the Stripe API for monerofund.org
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Rucknium[m]
And a fiat testnet ;)
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DanrdarkIsnotthe
Terrorist
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Morpheus[m]
When the user deposits a coin and is surprised by a KYC request, this happens because the exchange knows at that exact moment that a certain % of the funds comes from darkmarket/scam/gambling/ransomware. This is done by tracing all the way from know addresses
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DanrdarkIsnotthe
Guestimate
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Morpheus[m]
s/know/known/
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lukeprofits[m]
<plowsof11> "
support.kraken.com/hc/en..." <- Merchants don't have to be tech savvy, and a lot aren't.
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lukeprofits[m]
Tech savvy merchants who want to accept Monero already do. That's why this project is focusing on acessability to less tech-savvy people.
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lukeprofits[m]
<plowsof11> "if i want to withdraw USD via..." <- I've used it before and didn't have fees like that. It was a few years back though, so worth looking at again.
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lukeprofits[m]
<plowsof11> ""ACH" is free (not sure what..." <- ACH is a normal bank transfer.
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lukeprofits[m]
<Rucknium[m]> "
bitpay.com/business..." <- > <@rucknium:monero.social>
bitpay.com/business
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lukeprofits[m]
> First checkbox is
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lukeprofits[m]
> ✅ NEVER TOUCH CRYPTO — Get settled in cash
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lukeprofits[m]
Yes, services like that work, but you are not in control of your own coins. You are having your customers pay them, and then they take a cut. Our project is self-custodial with no fees (other than the standard transaction fees you can't avoid, and whatever fee the swap service charges)
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plowsof11
" You are having your customers pay them, and then they take a cut" like a swap site or an exchange
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lukeprofits[m]
<Rucknium[m]> "If you want to replicate the..." <- Yeah, that's basically the idea. Similar thing but self-custodial with no fees.
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Rucknium[m]
AFAIK, the fact that BitPay handles the crypto -> fiat conversion means they have to do KYC on merchants. They even do KYC on some customers now AFAIK. You could be a more decentralized BitPay with Monero: The KYC happens at the CEX point, not with your open source software
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lukeprofits[m]
<plowsof11> "clearly comradeblin has other..." <- I'm leading the project, and he is helping out a ton. We are looking for the best options though, so definitely open to suggestions towards the goal.
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DanrdarkIsnotthe
Yeah i would take the responsibility
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DanrdarkIsnotthe
s/would/wouldn’t/
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DanrdarkIsnotthe
It terms of kyc part
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lukeprofits[m]
<plowsof11> "what happens when a customer..." <- If you are a merchant and KYC is a problem for you, I would suggest not using a KYC exchange.
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lukeprofits[m]
Most merchants use credit cards which are already KYC, so I don't see this as an issue. (Though I would love more non-KYC options)
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plowsof11
its ok - XMR does not have this problem, i retract
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DanrdarkIsnotthe
Ban
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lukeprofits[m]
<Rucknium[m]> "Without auto-convert to fiat..." <- It provides the tracking portion to a spreadsheet or database, which can then be used to automatically do stuff for online merchants.
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lukeprofits[m]
The business wallet is independent of the Monero Subscriptions Wallet (which I already built) but it will work together with it flawlessly.
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lukeprofits[m]
Here is an example of something I'm working on:
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lukeprofits[m]
<DanrdarkIsnotthe> "Not sure how you could comply..." <- I'm not going to tell other people what to do, but I pay my taxes. I expect others using the KYC auto-convert to USD will as well.
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lukeprofits[m]
<plowsof11> "" You are having your customers..." <- Swapping is optional, and intended for no-coiners who just want fiat.
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lukeprofits[m]
Above is an example of how I imagine customers paying for subscriptions with Monero.
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lukeprofits[m]
The business wallet will handle the merchants side of recieving the payment, recording it to a spreadsheet/database, and doing whatever the merchant wants (auto-forward to cold storage, or auto-convert to fiat)
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lukeprofits[m]
Once these two pieces are built, I will work on the "middle" piece that reads the output from the spreadsheet/database the business wallet create and automatically takes the needed actions to mark orders as "paid"
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lukeprofits[m]
s/create/creates/
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lukeprofits[m]
(My focus so far has been on subscriptions, but will work for one-off payments as well)
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lukeprofits[m]
And I think from there we can make more integrations to big platforms that merchants are using like Shopify, but I will need to look into the details more to figure out how we can pull that off.
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DanrdarkIsnotthe
Are you making this with or without css proposal?
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lukeprofits[m]
<DanrdarkIsnotthe> "Are you making this with or..." <- I made the Subscriptions Wallet without any CCS proposal.
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lukeprofits[m]
I am making the Business Wallet with a CCS proposal.
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lukeprofits[m]
(I don't think getting paid half my normal hourly rate should be a big ask to work on a project that will be incredibly useful to the community, help simplify the process for merchants, and increase Monero adoption.)
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lukeprofits[m]
The subscriptions wallet + business wallet + something that interfaces with the business wallets output should be super useful, but all parts are needed. Each works on it's own, but together they enable way more functionality.
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lukeprofits[m]
Self-custodial, no middleman, no fees
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DanrdarkIsnotthe
The issue you’ll have is offramp/kyc with people. Cause css is for bettering monero tech, not off ramping.
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lukeprofits[m]
DanrdarkIsnotthe: Well the project is not about off-ramping, but that is one of its features.
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lukeprofits[m]
Regardless, if we want to increase adoption (which I assume we all do) I think this is a great step towards acessability and helping less tech-savvy merchants accept Monero, which increases adoption.
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lukeprofits[m]
We can't have the attitude of "screw you figure it out" towards less tech-savvy merchants (who would like to accept Monero if it was made easy).
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lukeprofits[m]
I see this attitude way too much from the Monero community.
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lukeprofits[m]
While I understand it, it does not help further Monero's cause (it actively harms it).
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DanrdarkIsnotthe
But when you get paid in xmr and the convert to fist looks like its “monero condom”
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DanrdarkIsnotthe
s/fist/fiat/
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lukeprofits[m]
DanrdarkIsnotthe: And to merchants, it looks convenient and easy, and then they put "accepts Monero" on their website that all customers will see.
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ofrnxmr[m]
I always miss the important parts
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ofrnxmr[m]
Anyway.. facepalm
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ofrnxmr[m]
convert xnr > usdc = go get funding from usdc
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ofrnxmr[m]
<lukeprofits[m]> "Merchants don't have to be..." <- > <@lukeprofits:matrix.org> Merchants don't have to be tech savvy, and a lot aren't.
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ofrnxmr[m]
> Tech savvy merchants who want to accept Monero already do. That's why this project is focusing on acessability to less tech-savvy people.
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ofrnxmr[m]
you think merchants know how to setup a visa POS? Lol
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ofrnxmr[m]
<lukeprofits[m]> "> <@rucknium:monero.social..." <- Swap services differ how? They arent atomic
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ofrnxmr[m]
Convert to a stablecoin due to volatility.
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ofrnxmr[m]
s m h
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ofrnxmr[m]
And not ETH, but some insecure bullshit like solana or polygon. Brill8ant "ebterprise" lvl software with dollar store grade security
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ofrnxmr[m]
xmr is more stable than the fuat price of gas at the pump.
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ofrnxmr[m]
usd is losing notably value daily
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ofrnxmr[m]
Stable? Usdc reserves? Short term memory? Lack of DYOR? What is it?
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ofrnxmr[m]
Usdc is not stable and even lost its peg recently.
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ofrnxmr[m]
Usdc is not backed by dollars, but by debt.
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ofrnxmr[m]
This whole idea it prefaced with the idea thar XMR is inferior or reliant of scamtech
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ofrnxmr[m]
* This whole idea it prefaced with the idea thar XMR is inferior to or reliant on scamtech
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ofrnxmr[m]
* This whole idea is prefaced with the idea thar XMR is inferior to or reliant on scamtech
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ofrnxmr[m]
"fuck coinbase"
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ofrnxmr[m]
and usdc, rofl
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ofrnxmr[m]
And usdt, btc, eth, or whatever bullshit you want to dump xmr for
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ofrnxmr[m]
Xmr competes with payment processors, such as visa etc.. not with bullshit "invest in my debt" scamcoins.
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ofrnxmr[m]
if youre considering converting to unstable, hot air backed, expensive nft dollars, its PAINFULLY obvious that you dont understand that xmr is a meant to be THE money, not be subserviant to insecure NFTs
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ofrnxmr[m]
And this isnt "CIRCULAR ECONOMY OR DIE". I'm laughing my ass off at the conversions to anything but fiat.
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ofrnxmr[m]
usdc: "a rug"
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recanman[m]
Wow
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naphtha[m]
5200 different ways
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naphtha[m]
different ways get paid
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DanrdarkIsnotthe
tldr
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ofrnxmr[m]
Tldr: business wallet has business model and is for profit regarless of logic
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ofrnxmr[m]
Greed blinds
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recanman[m]
I will read the proposal
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ofrnxmr[m]
Sell me oxygen and 20k worth of badges, why dont you
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recanman[m]
Oh, it is indeed implementing usdc
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recanman[m]
s/implementing//
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ofrnxmr[m]
(Jk. Msvb is worse)
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recanman[m]
s/indeed//
-
lukeprofits[m]
<ofrnxmr[m]> "Usdc is not stable and even lost..." <- > <@ofrnxmr:monero.social> Usdc is not stable and even lost its peg recently.
-
lukeprofits[m]
> Usdc is not backed by dollars, but by debt.
-
lukeprofits[m]
USDC is more transparent about reserves than USDT (and it lost its peg due to temporary issues with it's banking).
-
sech1
not for the sake of arguing, but USDC is indeed better backed than USDT
-
sech1
I still wouldn't put all my savings in USDC though
-
lukeprofits[m]
<recanman[m]> "Oh, it is indeed implementing..." <- No, it is a project with the goal of acessability for merchants who are less technical. Auto-cash out to USD is one option, and that seems to be the most reliable, simple, and low-fee way to do it. If you have a better method, we are open to better ideas.
-
lukeprofits[m]
sech1: I dont keep (or recommend anyone keep) any money in USDC. It's just a temporary holding place until the merchant hits "sell" to get the cash to their bank account. If there is a better way to turn Monero into to money in you bank with the same amount of effort (almost none) and with lower fees, I would love that and will implement it instead.
-
sech1
Direct conversion to fiat on Kraken?
-
ofrnxmr[m]
Converting to usdc, lol.
-
ofrnxmr[m]
Eth fees, transparent nft, dust attacks, backed by hot air, seizable = good idea
-
DanrdarkIsnotthe
trying to avoid cricle
-
ofrnxmr[m]
Lets use solana instead
-
ofrnxmr[m]
Or better,lets use 550ktx/day btc
-
DanrdarkIsnotthe
systemctl stop solana
-
ofrnxmr[m]
cron 1 week reboot
-
ofrnxmr[m]
Lets but treasury bonds
-
ofrnxmr[m]
* Lets buy treasury bonds directly, skip usdc
-
ofrnxmr[m]
Link with ibkr account for fiat of choice
-
ofrnxmr[m]
Hodl "stable" (incredibly inflated/ing) usd money supply
-
sech1
USDC exists not only on eth
-
sech1
so no eth fees
-
ofrnxmr[m]
Actually, hodl the debt that backs it
-
lukeprofits[m]
<sech1> "Direct conversion to fiat on..." <- Which we were discussing above as a good idea that we would like to implement. Sounds like the merchant would need to generate api keys though, so I might make it a recommended second step, so we can also have a "simple" mode that requires less setup. :)
-
ofrnxmr[m]
Simple mode sounds like greed n stupid mode
-
ofrnxmr[m]
How do you keep track of your swaps?
-
ofrnxmr[m]
Asecond spreadsheet?
-
ofrnxmr[m]
Then on/offramp fees and tx fees? A third?
-
DanrdarkIsnotthe
onlyoffice api?
-
ofrnxmr[m]
Simple mode = fiat or xmr
-
ofrnxmr[m]
Stupid greed mode = swap to broken bs for reasons
-
ofrnxmr[m]
Sideshift,lol
-
ofrnxmr[m]
Tell me you want your swap fees, without telling me this is all about swap fees
-
zadocta[m]
ofrnxmr[m]: What R V talking about here??
-
ofrnxmr[m]
Chose the mot expensive swap to sneak in
-
ofrnxmr[m]
lukeprofits[m]: zadocta:
-
ofrnxmr[m]
Simple implies no setup because it uses addresses to deposit shitcoins instead of api keys to do the autoconversion
-
ofrnxmr[m]
s/mot/most/
-
ofrnxmr[m]
Shpuld have just ccs the subscription wallet
-
ofrnxmr[m]
Business wallet is bs wallet
-
lukeprofits[m]
ofrnxmr:
-
lukeprofits[m]
Please provide better solutions if you dislike the ones that @ComradeBlin and I have come up with.
-
lukeprofits[m]
(The Kraken XMR/USD is a great plan to save on fees, and we will definitely add this.)
-
ofrnxmr[m]
Add?
-
ofrnxmr[m]
Exclusive
-
ofrnxmr[m]
Cut that swap nonsense
-
lukeprofits[m]
I'd like to think we are on the same team here for Monero, but you seem to keep coming for me and I'm not sure why.
-
ofrnxmr[m]
^ better solution
-
zadocta[m]
Meanwhile I'll B waiting 4 Haveno to go online
-
ceetee[m]
If we want people to use monero as cash, people have to be able to buy things with it without any additional effort. So no exchanges or gift cards on the buyers side.... (full message at <
libera.ems.host/_matrix/media/v3/do…5e41a3d409300bb4f723e77c4c09d8a39ff>)
-
ofrnxmr[m]
Stablecoins = no fkn sell
-
ofrnxmr[m]
What is stable about ANY stablecoin? Aside from the name?
-
ofrnxmr[m]
i agree with the rest
-
ceetee[m]
I have never touched a stablecoin
-
ofrnxmr[m]
And the time for tx to appear is because of dandelion
-
ceetee[m]
the idea is that you can get stablecoins for a short period, befor you swap back to xmr and sell that p2p
-
ofrnxmr[m]
Supposedly
-
lukeprofits[m]
ceetee[m]: > <@ctrej:matrix.org> If we want people to use monero as cash, people have to be able to buy things with it without any additional effort. So no exchanges or gift cards on the buyers side.... (full message at <
libera.ems.host/_matrix/media/v3/do…58abe739f8db9daec245b7438fc5ad95d77>)
-
ofrnxmr[m]
Until they are frozen, dusted, priced out, chsin rolled back, treasury bonds,interest rates, bankruns
-
ceetee[m]
yes, fees are higher, but well worth it if you don't want to deal with the burocracy of running a "real" buisiness. Idk, maybe for selling some monero merch smal scall or something
-
ceetee[m]
* yes, woth stablecoins total fees are
-
ofrnxmr[m]
What tha fack would anyone swap xmr into a stablecoin for
-
ceetee[m]
* yes, woth stablecoins total fees are higher, but well worth it if you don't want to deal with the burocracy of running a "real" buisiness. Idk, maybe for selling some monero merch small scale or something
-
ofrnxmr[m]
Unless retarded
-
ofrnxmr[m]
Fiat = necessity
-
ofrnxmr[m]
Stablecoin = ????b?
-
ofrnxmr[m]
Its not stable, fungible, rekiable, or on a good blockchain
-
ofrnxmr[m]
And not DOLLARS
-
louissignet[m]
Stables are huge in Argentina/Latam. Definitely would be helpful.
-
ofrnxmr[m]
Not even backed by dollars
-
ofrnxmr[m]
louissignet[m]: Scammed
-
lukeprofits[m]
ceetee[m]: Precisely. I'm thinking for the average non-techie person (who doesn't care/isn't aware of the financial system and it's issues and just wants cash in their bank), this is a pretty good solution.
-
lukeprofits[m]
They accept Monero, and get something in their user friendly Coinbase account that they can cash out to their bank in like 1 click.
-
ofrnxmr[m]
"buy out debt.. i mean "usd" haha"
-
louissignet[m]
Nah. I've seen its use first hand. People don't care they are using a fucking stable in Tron. They just want some form of dollar. Eventually many of those people get into crypto eventually.
-
ceetee[m]
cashing out to coinbase is terrible
-
ofrnxmr[m]
lukeprofits[m]: > <@lukeprofits:matrix.org> Precisely. I'm thinking for the average non-techie person (who doesn't care/isn't aware of the financial system and it's issues and just wants cash in their bank), this is a pretty good solution.
-
ofrnxmr[m]
> They accept Monero, and get something in their user friendly Coinbase account that they can cash out to their bank in like 1 click.
-
ofrnxmr[m]
Its NOT
-
ofrnxmr[m]
Thats CONSUMER grade bs
-
ofrnxmr[m]
Not a "business wallet"
-
ceetee[m]
stablecoins are only barely accpetable for crypto2crypto
-
ofrnxmr[m]
And stables are BROKEN BULLSHIT
-
Lovera[m]
A little offtopic: Briar has now support (beta) for Windows, Linux and Mac ❤️
-
Lovera[m]
-
ofrnxmr[m]
Cmon
-
louissignet[m]
Yeah, but it's not your call. It's the merchants call.
-
louissignet[m]
Free choice
-
ofrnxmr[m]
louissignet[m]: No
-
ofrnxmr[m]
Merchants use visa
-
louissignet[m]
They are already taking a form of risk by taking credit/cash/etc. Prefering stable is no different.
-
ceetee[m]
Lovera: you should repost that in the normal Monero room, it likely gets burried here
-
ofrnxmr[m]
Its OUR choice whether we scam them or give then tools that work
-
ofrnxmr[m]
Fuck xmr
-
ofrnxmr[m]
Im doing themonerkon dance and selling it all
-
ofrnxmr[m]
I cant even give refunds
-
ofrnxmr[m]
🤡
-
DanrdarkIsnotthe
Briar monero mailbox
-
ofrnxmr[m]
louissignet[m]: Yes it is. Wtf? Do research
-
louissignet[m]
I don't care if the merchants voluntarely decide to take a risk on stables, I care that users are able to spend in Monero.
-
ofrnxmr[m]
Stables arebt backed by dollars
-
ofrnxmr[m]
Misleading people into thinking 1usdc = 1usd us a fucking scam
-
ofrnxmr[m]
Pour out your koolaid and find me a stable with 1:1 backing. Ill wait
-
ofrnxmr[m]
Usdc used to be
-
louissignet[m]
It's all about risk/reward. If you are a merchant in Arg using VISA you are guaranteed to get 50% scammed of every transaction with the fake conversion rate. If you use stable you assume all the risks of stable because you deem the extra 50% worthy enough of the risk.
-
ofrnxmr[m]
Usdt used to claim to be
-
lukeprofits[m]
ceetee[m]: I agree, fuck coinbase, but they have the most user-friendly app. They are how I got into crypto back in 2017. If there is another super convenient app, let's use that instead. Please give me recommendations. It needs to be simple af, with an easy "cash out to bank account" option with low fees.
-
ofrnxmr[m]
I wouldnt know what coinbases app does
-
ofrnxmr[m]
Theyve never supported cryptoCURRECNY
-
ofrnxmr[m]
Never had a use for whatever coinbase is
-
ofrnxmr[m]
A bitcoin bank
-
louissignet[m]
lukeprofits[m]: Fenix Ammo was using Coinbase SDK to take "crypto" payments before they were fully pilled into running a fully sovereign non-custodial BTCPayServer solution.
-
louissignet[m]
Make it easier for merchants. They will eventually end up in the destination you want them to be.
-
ofrnxmr[m]
Fenix wont accept xmr because its too difficult to plug in xmr to their btcpay (??)
-
lukeprofits[m]
<louissignet[m]> "Yeah, but it's not your call..." <- Yep. And that's why we will have options for "Forward to cold storage", and "auto-convert to USD". I hope as many people as possible keep it in XMR, but this gives merchants much better options than they have now.
-
ofrnxmr[m]
But it should be easy
-
lukeprofits[m]
<ofrnxmr[m]> "Merchants use visa" <- And we would like to get them away from that
-
ofrnxmr[m]
lukeprofits[m]: Forward to cold on each tx?
-
ceetee[m]
look ofrnxmr:
-
ceetee[m]
Assume I have an online store selling xmr merch. I can only order a batch of stuff with 100pcs. or mor. it takes me half a year to sell that inventors. Ideally I'd like to buy the next batch with my profits from the previous. Prices for this 3rd party supplier are in USD. If the XMR I took lost value in the meantime, I can't buy the next batch, EVEN IF THEY ACCEPT XMR. This is a terrible risk for business one I wouldn't want to take
-
ceetee[m]
unless I'm a true believer (like most of us in this room).
-
ceetee[m]
By parking XMR in USDC and converting back to whatever, we can mitigate this volatility risk. The menu where you select fiat or stable coin could list the advantages/disadvantages of each, ie. higher risk that a stable coin collapses.
-
louissignet[m]
louissignet[m]: This point is important. They are already getting scammed, that's why they want the stable option.
-
ofrnxmr[m]
lukeprofits[m]: And youd like to do so by telling them a smart and easy way us to use a scamcoin. Gotcha. Profits
-
ceetee[m]
s/mor/more/, s/it/It/, s/inventors/inventory/
-
ofrnxmr[m]
-
ofrnxmr[m]
Parking xmr is xmr mitigates volatility risj
-
lukeprofits[m]
<ofrnxmr[m]> "Fuck xmr" <- Is this guy just a troll?
-
louissignet[m]
No, just straight shooter.
-
ceetee[m]
ofrn is a good guy with strong opinions
-
ofrnxmr[m]
MARKET SELLING XMR LOWERS THE FUCKING PRICE 🤯
-
ceetee[m]
economy is still fiat based unfortunately
-
ofrnxmr[m]
Want volatility? Get merchants to mass dump xmr into a BANKCOIN
-
ofrnxmr[m]
On a CEX
-
ceetee[m]
The idea is to get the foot in the door
-
ofrnxmr[m]
R o f l
-
louissignet[m]
Price is just a low time preference concern. I'm concerned about adoption my merchants and increasing options for spenders.
-
ofrnxmr[m]
As i said > fiat or xmr
-
louissignet[m]
s/my/by/
-
recanman[m]
kek
-
recanman[m]
Just watching this discussion is quite entertaining.
-
recanman[m]
s/is/i/, s/quite//
-
ofrnxmr[m]
Swapping is nonsense. Go all the way and deliver the cheapest and most seamless experience
-
louissignet[m]
Over the long term it would be better for price.
-
ofrnxmr[m]
Or rip people off with your sideshift to treasury bonds hustle
-
recanman[m]
s/quite//
-
lukeprofits[m]
<louissignet[m]> "I don't care if the merchants..." <- Exactly! And if we give merchants what they are literally begging for on Twitter (easy way to set it up and use it) then they will want to accept it, which means that we can spend it.
-
lukeprofits[m]
As more people spend Monero, there will be more demand for merchants to accept it, etc. etc.
-
ofrnxmr[m]
Lets donate to the goldman sachs recovery fund by selling monero. I call it "adoption"
-
ofrnxmr[m]
.. /s
-
ofrnxmr[m]
* Lets donate to the goldman sachs recovery fund by selling monero into usdc*. I call it "adoption"
-
ofrnxmr[m]
* Lets donate to the goldman sachs recovery fund by selling monero into stables*. I call it "adoption"
-
recanman[m]
ofrnxmr[m]: based
-
recanman[m]
dumping all xmr rn
-
recanman[m]
* dumping all my xmr rn
-
ofrnxmr[m]
Dumping to fiat = necessary in current times. We should NOT be enabling or incentivizing users and producers to only use xmr as a POS.
-
ofrnxmr[m]
If your bills, suppliers etc only accept fiat, you need fiat
-
lukeprofits[m]
<louissignet[m]> "Make it easier for merchants..." <- Fenix posting this tweet thread:
-
lukeprofits[m]
-
lukeprofits[m]
...was literally my inspiration for making the Monero Subscriptions Wallet (which is the first 1/3rd of what I am building). The Monero Business Wallet proposal we submitted is 2/3rd.
-
lukeprofits[m]
-
lukeprofits[m]
<ofrnxmr[m]> "Forward to cold on each tx?" <- If they want, or they can say to wait until ___ xmr or ____ usd worth has accrued in the wallet before transferring.
-
ofrnxmr[m]
fenix solution already supports xmr, just missing the FIAT conceversion step
-
DanrdarkIsnotthe
Makes people lazy when its easier
-
ofrnxmr[m]
lukeprofits[m]: The former is bad
-
DanrdarkIsnotthe
Right way or easy way
-
ofrnxmr[m]
It should sweep amounts that the merchant plants to use. Opposite of pocket chsnge
-
ofrnxmr[m]
Dont fkn allow aetosweeping 0.001 xmr transactions
-
lukeprofits[m]
<ceetee[m]> "look ofrnxmr:..." <- > <@ctrej:matrix.org> look ofrnxmr:... (full message at <
libera.ems.host/_matrix/media/v3/do…2c3a857aa5fb286107ed4ff107d1f01e6b4>)
-
ofrnxmr[m]
No
-
ofrnxmr[m]
Your wrong lol
-
ofrnxmr[m]
Stables have 0 integrity
-
ofrnxmr[m]
Mitigating what? Nothing at all
-
DanrdarkIsnotthe
Why not just use usdc circle blackeock
-
ceetee[m]
<ofrnxmr[m]> "If your bills, suppliers etc..." <- Again, this is shit for small scale zero-burocracy community sellers. gift cards are a better option, or maybe localmonero.
-
ceetee[m]
To be clear: I'm not advocating for tax evasion, but if the paperwork overhead for a close-to-zero-profit hobby business is unfeasible large, I'm willing to look the other way
-
ofrnxmr[m]
Monero price falls throughout the day? So dump it for fiat immediately
-
DanrdarkIsnotthe
Welcome to crypto
-
ofrnxmr[m]
I know merchants who accept in business and sell on LM
-
ceetee[m]
<lukeprofits[m]> "Fenix posting this tweet thread:..." <- > <@lukeprofits:matrix.org> Fenix posting this tweet thread:... (full message at <
libera.ems.host/_matrix/media/v3/do…2d91e9c994a58fd1b0527a56369d4f828c3>)
-
ofrnxmr[m]
I read thread
-
lukeprofits[m]
<ofrnxmr[m]> "MARKET SELLING XMR LOWERS THE..." <- And increasing usage increases it and makes it more stable. Your point is?
-
DanrdarkIsnotthe
Twatter borked for non logged in
-
ofrnxmr[m]
that youre NOT increasing usage, youre telling people "fk xmr unkess privacy nut, just use ltc or stables and skip tge extra 20mins"
-
ofrnxmr[m]
Lol. U really want your swap profits
-
DanrdarkIsnotthe
How does price become stable when there exiting?
-
ofrnxmr[m]
Your ccs is a solid no from me as long as youre talking about anything but xmr and fiat. And should require something like haveno to even be reliable
-
ofrnxmr[m]
Idea is DOA if it depends on cex and cex approved scamcoins
-
lukeprofits[m]
<ofrnxmr[m]> "As i said > fiat or xmr" <- Yes, XMR to fiat, and fiat to xmr. We need to be able to easily go both ways with as little fees as possible imo to increase adoption.
-
lukeprofits[m]
People won't spend in monero if it costs 10% to get the Monero for them to spend.
-
lukeprofits[m]
People won't accept Monero if they lose 10% and have to deal with a bunch of complex shit to get it back to fiat.
-
lukeprofits[m]
Monero can't replace fiat until it has mass adoption. That can't happen until it's convenient af.
-
ceetee[m]
ofrnxmr: do you know of a comparison between existing payment providers?
-
DanrdarkIsnotthe
EAE tested
-
ofrnxmr[m]
lukeprofits[m]: > <@lukeprofits:matrix.org> Yes, XMR to fiat, and fiat to xmr. We need to be able to easily go both ways with as little fees as possible imo to increase adoption.... (full message at <
libera.ems.host/_matrix/media/v3/do…fff1ef3e8056f06703fcf3855691b9c501b>)
-
ofrnxmr[m]
Ive never sold a drop of xmr and recieved less than spot
-
ofrnxmr[m]
And i buy above rate too. Fuck a cex
-
ofrnxmr[m]
Lol
-
ofrnxmr[m]
Alex | LocalMonero | AgoraDesk: do you have apis for this?
-
lukeprofits[m]
<ofrnxmr[m]> "The former is bad" <- I'm an anarchist and I believe in letting people choose. One option is "pretty good" (helps the Monero community, and doesn't hurt them at all), the other is better because it really helps the Monero community.
-
Alex|LocalMonero
APIs for price stats?
-
ofrnxmr[m]
For autoselling xmr
-
Alex|LocalMonero
-
Alex|LocalMonero
ofrnxmr[m]: Autoselling? We have a full-featured API
agoradesk.com/api-docs/v1
-
tiberiusmaximus[
Now that Kucoin is requiring kyc does any one know a good non-kyc centralized exchange for buying monero?
-
ofrnxmr[m]
lukeprofits[m]: Im not an anarchist and i believe in setting people up for success by not allowing ad actors to manipulate them
-
ofrnxmr[m]
Kucoin requires kyc? Since when
-
ofrnxmr[m]
tiberiusmaximus[: Localmonero
-
lukeprofits[m]
<ofrnxmr[m]> "It should sweep amounts that the..." <- Depends on what the merchant wants and how much they are comfortable keeping in a hot wallet. Autosweep is on option. Hold for X amount is another.
-
ofrnxmr[m]
No
-
ofrnxmr[m]
It deoends if you have a damn clue how consoludations and solits work fir size and privacy
-
ofrnxmr[m]
Rip your ccs
-
recanman[m]
There are a few merchant solutions right now, no?
-
ofrnxmr[m]
Yes
-
ofrnxmr[m]
Bitcart, btcpay, nowpayments
-
recanman[m]
MoneroPay is nice but it needs postgres for some reason
-
tiberiusmaximus[
ofrnxmr[m]: Starting 15 july
-
DanrdarkIsnotthe
Login?
-
ofrnxmr[m]
tiberiusmaximus[: Imoortant news
-
ofrnxmr[m]
If its widespread?
-
ofrnxmr[m]
Kucoin dud A lot of btc>xmr >volume a couple days ago
-
ofrnxmr[m]
s/>//
-
plowsof11
-
recanman[m]
Ouch
-
-
-
recanman[m]
I used KuCoin once when first trying out XMR
-
-
ofrnxmr[m]
plowsof11: chowbungaman:
-
louissignet[m]
<ofrnxmr[m]> "It should sweep amounts that the..." <- I agree on this one. Threshold conversions. Moreover, Sideshift only allows like a 10-20 dollar minimum. Sometimes more.
-
tiberiusmaximus[
ofrnxmr[m]: As far as I'm aware its the last of the major centralized exchanges that didn't require kyc and which also hadn't delisted monero
-
ceetee[m]
thanks for the screenshot luke
-
ceetee[m]
s/screenshot/screenshots/
-
ofrnxmr[m]
tiberiusmaximus[: Thats why i say important
-
ofrnxmr[m]
monerun asap
-
plowsof11
i consider that felix user simply "anti monero / there is no second best" - they have a btcpayserver instance up and running. and "changing an environment variable" (the person who set the btcpay server up for them will have no issue with doing that)
-
tiberiusmaximus[
ofrnxmr[m]: Is there a good solution yetfor funding a prepaid visa card (physical or virtual) with xmr (or btc)?
-
ofrnxmr[m]
tiberiusmaximus[: Used to be with cakepay
-
ceetee[m]
*cakepay web
-
ofrnxmr[m]
coincards maybe
-
lukeprofits[m]
<ofrnxmr[m]> "Your ccs is a solid no from me..." <- You have yet to provide a better way to convert xmr to fiat directly, with no price variation and lower fees. Offer a better suggestion.
-
lukeprofits[m]
As I've said many times, the Kraken idea is good and we will offer it.
-
lukeprofits[m]
Any other better ideas?
-
recanman[m]
Didn't they suspend that temporarily?
-
DanrdarkIsnotthe
Yeah web is gone
-
plowsof11
would enable monero on their instance* - ok so then we're are back at "but who is accepting monero?" well some things are listed on monerica.com and off ramps are needed but we should also push merchants into using xmr directly where possible
-
DanrdarkIsnotthe
this
-
ofrnxmr[m]
lukeprofits[m]: > <@lukeprofits:matrix.org> You have yet to provide a better way to convert xmr to fiat directly, with no price variation and lower fees. Offer a better suggestion.
-
ofrnxmr[m]
> As I've said many times, the Kraken idea is good and we will offer it.
-
ofrnxmr[m]
> Any other better ideas?
-
ofrnxmr[m]
I said kraken, ibkr for fiat <-> conversion
-
DanrdarkIsnotthe
Its going backwards
-
DanrdarkIsnotthe
Not forwards
-
ofrnxmr[m]
ofrnxmr[m]: And localmonero
-
ofrnxmr[m]
<Alex|LocalMonero> "Autoselling? We have a full-..." <- Here lukeprofits:
-
DanrdarkIsnotthe
Plowsof did you hear back from k8 monerod css project?
-
lukeprofits[m]
<Alex|LocalMonero> "Autoselling? We have a full-..." <- Will look into this more and add
-
DanrdarkIsnotthe
s/k8/k8s/
-
ofrnxmr[m]
Localmonero = volatility who? You sell above spot
-
lukeprofits[m]
<recanman[m]> "There are a few merchant..." <- None that are simple and self-custodial
-
recanman[m]
I would say MoneroPay is simple, and it is self-custodial
-
ofrnxmr[m]
Localmonero also allows csv export of trades etc
-
recanman[m]
recanman[m]: Well, you have to set up a Postgres DB but I made a GitHub issue a bit ago on supporting SQLite
-
ofrnxmr[m]
MoneroPay
-
ofrnxmr[m]
jollyboy[m]: only if you require the amount to receive
-
ofrnxmr[m]
Otherwise,no
-
lukeprofits[m]
<louissignet[m]> "I agree on this one. Threshold..." <- Yeah, obviously we will check the minimums allowed to swap. Not possible under the min or over the max. Lol!
-
ofrnxmr[m]
Example: you NEED 0.98765 xmr = use fixed rate
-
lukeprofits[m]
<ceetee[m]> "thanks for the screenshot luke" <- Sure thing. Sorry about the duplicate. Lol
-
ofrnxmr[m]
lukeprofits[m]: no sideshift smh
-
ofrnxmr[m]
Screw your hustling
-
jollyboy[m]
ofrnxmr: if you don't go fixed, the amount transfered could be a little bit different than estimated?
-
ofrnxmr[m]
A million swaps, you choose one thatt blocjs tor AND is more expensive than changelly (due to kickbacks)
-
ofrnxmr[m]
jollyboy[m]: Yes
-
ofrnxmr[m]
Could be more or less
-
jollyboy[m]
ofrnxmr: thanks as always. So fixed or not, theres only going to be a small difference right?
-
ofrnxmr[m]
Tip, since i feel like one glove us already off
-
lukeprofits[m]
<plowsof11> "i consider that felix user..." <- As I understand it, Fenix actually went to lunch with SethForPrivacy in person at guns & Bitcoin conference but wasn't happy with the btcpay solution. He challenge Monero fans to increase acessability, so that's what I'm going to do.
-
ofrnxmr[m]
Use trocador.app directly or youll pay 2.5%
-
jollyboy[m]
ofrnxmr: it says 'recipient address' is different than my actual address, but thats normal right?
-
jollyboy[m]
thats maybe the address of the transfer itself?
-
jollyboy[m]
**this is my first ever swap...
-
ofrnxmr[m]
jollyboy[m]: .5% or so. Sometimes you get more than expected from floating. cakes best flostinf rate is worse than trocadors best fixed
-
ofrnxmr[m]
Again, i use trocador.app directly and save 2% by doing so
-
jollyboy[m]
yes, I remember you said last time, I'll go have a look afterwards
-
lukeprofits[m]
<ofrnxmr[m]> "Localmonero also allows csv..." <- Sweet. We will add that. I know local Monero is GREAT for non-KYC. Haven't used it personally, but I assumed prices were higher due to non-KYC.
-
jollyboy[m]
should I just click 'Ok!'
-
ofrnxmr[m]
jollyboy[m]: Likely
-
ofrnxmr[m]
lukeprofits[m]: Nope. Higher because real supply
-
lukeprofits[m]
* As I understand it, Fenix actually went to lunch with SethForPrivacy in person at guns & Bitcoin conference but wasn't happy with the btcpay solution. He challenged Monero fans to increase acessability, so that's what I'm going to do.
-
ofrnxmr[m]
You dont get xmr for "160" on cex. You lose like 3$ on the onramo and 3 offramp
-
jollyboy[m]
Inside cake-wallet, it tells you it used changenow.oi
-
lukeprofits[m]
<ofrnxmr[m]> "Use trocador.app directly or..." <- Yeah, we are going to add trocador as well
-
ofrnxmr[m]
jollyboy[m]: Ouch
-
ofrnxmr[m]
lukeprofits[m]: 👎👎👎👎👎👎👎👎
-
jollyboy[m]
whats so bad about that?
-
lukeprofits[m]
ofrnxmr[m]: Good point
-
ofrnxmr[m]
jollyboy[m]: Trocador 👍👍👍
-
ofrnxmr[m]
changenow 👍
-
ofrnxmr[m]
sideshift 💩
-
lukeprofits[m]
ofrnxmr[m]: You don't want trocador added?
-
ofrnxmr[m]
I see no need for swaps in a seamless merchant wallet
-
lukeprofits[m]
Whatever is lowest total fee, and simplest to setup will be the default for the auto-conversion option.
-
ofrnxmr[m]
Anonpay (a trocador service) makes more sense
-
jollyboy[m]
changenow.io offers mastercard to monero on its site, but a swap seems safer to me
-
ofrnxmr[m]
It does the conversions..
-
DanrdarkIsnotthe
-
DanrdarkIsnotthe
Crickets
-
ofrnxmr[m]
Morpheus:
-
Morpheus[m]
Me
-
ofrnxmr[m]
Can you explain a bit about how anonpay works
-
jollyboy[m]
changenow.io has a lot of writing about third-party partners KYC
-
ofrnxmr[m]
So i dont make an ass of myself
-
jollyboy[m]
changenow.io exchange rate for LTC XMR is the same as trocador.app (it seems)
-
ofrnxmr[m]
jollyboy[m]: U s e trocador.app
-
recanman[m]
I would agree with ofrnxmr
-
jollyboy[m]
ofrnxmr: Yes Ill use it next run for sure
-
ofrnxmr[m]
ofrnxmr[m]: Morpheus:
-
jollyboy[m]
exchange to LTC wallet transfer was like 1 minute
-
ofrnxmr[m]
-
jollyboy[m]
pretty amazing
-
jollyboy[m]
to bad LTC is so expensive now
-
DanrdarkIsnotthe
Plowsof getting slow with emojis
-
ofrnxmr[m]
jollyboy[m]: Bch is the joke lol
-
jollyboy[m]
Bch ?
-
Morpheus[m]
On AnonPay you can set the USD amount of any coin that you want to receive, and Trocador will generate you a link and a widget, which you can share or place on your website. When the user clicks to pay, he can choose any other coin that he has, and Trocador will generate the best rate to swap and deliver to the seller
-
ofrnxmr[m]
jollyboy[m]: Up like 350% in a couple weeks. Bitcoin cash
-
jollyboy[m]
whats that got to do with LTC?
-
plowsof11
back in my day i was banned from leaving emoji reactions .. emoji gate they called it.. now look at me.. barely able to leave a thumbs up ... a party emoji at best.. im a shell of my former self
-
Morpheus[m]
When the swap is completed, the seller can receive an email confirming it, or the seller can confirm it via an API call too
-
ofrnxmr[m]
jollyboy[m]: They both rallied. Both git about 5b. But 5b 300% bch, it only 50% ltc
-
jollyboy[m]
rally..you say
-
jollyboy[m]
I only care about ltc to swap for xmr
-
ofrnxmr[m]
Good. xmr didnt rally yet
-
ofrnxmr[m]
400 otw
-
jollyboy[m]
its always been stable
-
ofrnxmr[m]
Open your ccs' now
-
jollyboy[m]
I actually hope it doesnt go up
-
jollyboy[m]
cause I wanna buy it and use it
-
recanman[m]
Why not?
-
jollyboy[m]
not hodl
-
jollyboy[m]
if I goes up its harder to buy
-
recanman[m]
How is that?
-
ofrnxmr[m]
why would it be harder?
-
recanman[m]
You can pretty much always purchase some on LocalMonero.
-
jollyboy[m]
if the price doubles, it will be double the price...right?
-
recanman[m]
XMR/USD pair, yes?
-
jollyboy[m]
i dont know what pair
-
jollyboy[m]
is there a better swap than LTC-XMR?
-
recanman[m]
1 XMR is 1 XMR
-
recanman[m]
People choose to put things in USD, and then they convert it to XMR based on the exchange rate.
-
jollyboy[m]
I cant buy XMR on an echange in my region
-
recanman[m]
Not even LocalMonero or Trocador?
-
jollyboy[m]
localmonero, actually is quite difficult here, I found buying on exchange, and then swapping, is the best option
-
jollyboy[m]
I (get the feeling) exchange->ltc (or some coin)->swap to xmr is better than mastercard->xmr
-
jollyboy[m]
what do you think?
-
ofrnxmr[m]
im not sure where you are
-
ofrnxmr[m]
But localmonero should be easy with cashapp etc
-
ofrnxmr[m]
Harder for cash in person
-
jollyboy[m]
cashapp or wise
-
someoneelse49549
jollyboy[m]: the issue with localmonero and direct fiat -> xmr is that either the fee are very high, either you need kyc. There are more lot of ways to fet no KYC LTC/BTC to swap, with way less fees at the end
-
jollyboy[m]
but...dont you get smacked with kyc?
-
ofrnxmr[m]
Very high = good
-
someoneelse49549
s/fet/get/
-
ofrnxmr[m]
I sellmy xmr there too
-
ofrnxmr[m]
(By posting ads.....)
-
ofrnxmr[m]
Replying to ads = market buy/sell
-
ofrnxmr[m]
posting ads = limit buy/sell
-
ofrnxmr[m]
I buy above market, and sell even higher
-
Morpheus[m]
<recanman[m]> "Not even LocalMonero or Trocador..." <- You can on Trocador
-
ofrnxmr[m]
Yup
-
Morpheus[m]
If you swap BTC to xmr
-
ofrnxmr[m]
Or ltc too, right
-
DanrdarkIsnotthe
Most shitcoin > xmr
-
jollyboy[m]
is there a better swap than LTC->XMR
-
jollyboy[m]
and can it be done in cake-wallet?
-
ofrnxmr[m]
jollyboy[m]: No
-
jollyboy[m]
so whens the price of LTC going down?
-
jollyboy[m]
like to 2022 levels
-
ofrnxmr[m]
Who cares
-
ofrnxmr[m]
Do you care? I dont
-
recanman[m]
What's special about Litecoin?
-
ofrnxmr[m]
I have 0.0000000000ltc
-
recanman[m]
Isn't it a fork of BTC? I don't know anything abou tit
-
jollyboy[m]
ltc->xmr....thats it
-
recanman[m]
s/abou/about/, s/tit/it/
-
ofrnxmr[m]
Slightlymore xmr
-
ofrnxmr[m]
recanman[m]: Its monero without privacy
-
jollyboy[m]
Its only good to swap for XMR
-
ofrnxmr[m]
Fast, cheap, It works. Reliably
-
ofrnxmr[m]
Bch is slow, cheap, unreliable, but it works
-
jollyboy[m]
but its pricey right now
-
ofrnxmr[m]
Cheap = tx fees
-
recanman[m]
Mining algorithm is 'Scrypt', I don't know what that is
-
ofrnxmr[m]
Its not sha256 so not 51% able by btc
-
recanman[m]
Maybe I should get some
-
ofrnxmr[m]
Bch uses the samealgo as btc = ripe for attack
-
ofrnxmr[m]
recanman[m]: Its up like 50% and overrated
-
jollyboy[m]
tell us more
-
ofrnxmr[m]
Id only buy bch or ltc if the mc was lower than xmr
-
recanman[m]
ofrnxmr[m]: What is 'mc'?
-
jollyboy[m]
mc?
-
jollyboy[m]
me too..same question
-
ofrnxmr[m]
Otherwise my money goes furtherand has much mlrepotential in xmr
-
ofrnxmr[m]
jollyboy[m]: Market cap
-
recanman[m]
Ohhh
-
jollyboy[m]
MC of LTC is about twice that of XMR right?
-
jollyboy[m]
which indicates XMR is undervalued
-
jollyboy[m]
(I assumed)
-
ofrnxmr[m]
"is ofrn mashing typos on the keyboard.. or does mc actually mean something..??" 😆😆
-
ofrnxmr[m]
jollyboy[m]: Like 5+x
-
ofrnxmr[m]
And bch was abiut 0.9:1, now about 2.5:1 (dont quote me. I didnt check today)
-
ofrnxmr[m]
jollyboy[m]: Extremely
-
ofrnxmr[m]
Its almost like "delist them! Theyll crash! Muahaha"
-
ofrnxmr[m]
we dont crash
-
ofrnxmr[m]
"Plan b! Pump everything excect for xmr so people think xmr crashed muhahaha"
-
ofrnxmr[m]
A tripling of MC overnight isnt "adoption". Its a pump
-
ofrnxmr[m]
Monero got ignored on purpose and delisted the same week
-
recanman[m]
<ofrnxmr[m]> "Its almost like "delist them..." <- > <@ofrnxmr:monero.social> Its almost like "delist them! Theyll crash! Muahaha"
-
recanman[m]
> we dont crash
-
recanman[m]
> "Plan b! Pump everything excect for xmr so people think xmr crashed muhahaha"
-
recanman[m]
There's quiet a lot of misinformation.
-
recanman[m]
* There's quiet a lot of misinformation.
-
recanman[m]
* There's quite a lot of misinformation.
-
recanman[m]
I do talk to a couple about XMR, but they tell me that there are examples of cryptos (terra luna) that go to zero overnight.
-
recanman[m]
I try to explain it technically, they say it is based on politics, not which one is technologically superior.
-
ofrnxmr[m]
politics would have xmr at 0
-
recanman[m]
?
-
recanman[m]
* What do you mean?
-
ofrnxmr[m]
If politics was the cause of lunas spiral, and not tech, monero world have fallen long ago
-
recanman[m]
Could you explain further?
-
DanrdarkIsnotthe
The ponzi scheme?
-
recanman[m]
Yes, the one with the CEO.
-
recanman[m]
* Yes, (one of many) with a CEO.
-
DanrdarkIsnotthe
The big short
-
ofrnxmr[m]
The one who launched a scam before luna (basis cash or something)
-
DanrdarkIsnotthe
Its ok there is 2.0 now
-
DanrdarkIsnotthe
Scam fixed
-
ofrnxmr[m]
recanman[m]: Monero is technologically sound enough to withstand fud and politics
-
ofrnxmr[m]
DanrdarkIsnotthe: Third times the charm!
-
recanman[m]
ofrnxmr[m]: That is what I tried to explain, that there is no CEO, and can survive if the core team decides to go crazy.
-
recanman[m]
I also said that the community generally is a little more knowledgeable and can utilize their resources to get around censorship.
-
recanman[m]
They said that if XMR was made illegal by the SEC/feds, XMR would crash overnight.
-
recanman[m]
Crash as in <20
-
plowsof11
-community?
-
recanman[m]
* Crash as in \<$20
-
DanrdarkIsnotthe
Only plowsof
-
recanman[m]
plowsof11: Hi
-
recanman[m]
Why did you invite me to Monero Community Dev?
-
DanrdarkIsnotthe
Bff now
-
recanman[m]
plowsof11: People who engage with Monero
-
ofrnxmr[m]
I invited you
-
recanman[m]
Oh, it was you?
-
ofrnxmr[m]
Yeah, sometimes i use my plowof account
-
recanman[m]
Oh
-
ofrnxmr[m]
s/plowof/plowsof/
-
DanrdarkIsnotthe
Alt
-
recanman[m]
Are you the same people or in a relationship?
-
DanrdarkIsnotthe
Split personality
-
ofrnxmr[m]
i love myself, yes
-
DanrdarkIsnotthe
Sometimes plowsof
-
DanrdarkIsnotthe
Sometimes ofrn
-
recanman[m]
I meant a sexual relationship.
-
DanrdarkIsnotthe
Sometimes monerogpt
-
recanman[m]
I've heard that couples like to share credentials
-
ofrnxmr[m]
oh, no, im single
-
DanrdarkIsnotthe
👉👈
-
recanman[m]
ofrnxmr[m]: As do I!
-
DanrdarkIsnotthe
Ledger modified
-
DanrdarkIsnotthe
No deleting posts
-
Lovera[m]
Good activity today in the chat eh!
-
recanman[m]
Lovera[m]: You forgot a comma
-
recanman[m]
But yes
-
recanman[m]
> <@btclovera:matrix.org> Good activity today in the chat eh!
-
recanman[m]
* You forgot a comma.
-
recanman[m]
* But yes.
-
Lovera[m]
Lol 😂
-
DanrdarkIsnotthe
And on topic too
-
ofrnxmr[m]
off topic warning
-
ofrnxmr[m]
-
recanman[m]
I don't get it
-
DanrdarkIsnotthe
Makes plowsof unhappy
-
recanman[m]
I was told that Monero CCS coordinator is an SJW, is that true?
-
ofrnxmr[m]
YES
-
ofrnxmr[m]
i am a ssj
-
ofrnxmr[m]
wait, whats an sjw
-
recanman[m]
I am trying to find the website where it says that
-
DanrdarkIsnotthe
What about ssh
-
recanman[m]
ofrnxmr[m]: I don't even know
-
boog900[m]
IIRC Social justice warrior
-
Lovera[m]
SJW?
-
ofrnxmr[m]
Same. plowsof @plowsof:matrix.org: are you an sjw?
-
ofrnxmr[m]
Ahhh. No. Im just a jackass
-
DanrdarkIsnotthe
Jack with an ass
-
recanman[m]
recanman[m]: It was a 4chan post, now I remember
-
ofrnxmr[m]
oh, probably by 24/25
-
ofrnxmr[m]
I promise i didnt write it plowsof @plowsof:matrix.org:
-
DanrdarkIsnotthe
Flashbacks now
-
Lovera[m]
Seriously, what do the abbreviations SJW mean?
-
recanman[m]
boog900[m]: .
-
DanrdarkIsnotthe
Nfi
-
ofrnxmr[m]
boog900[m]: This sounds about right? I didnt google
-
Lovera[m]
Mmmm 🤣 thanks
-
DanrdarkIsnotthe
-
recanman[m]
think the basis is orienting change towards benefiting minorities.
-
DanrdarkIsnotthe
The accusation that somebody is an SJW carries implications that they are pursuing personal validation rather than any deep-seated conviction, and engaging in disingenuous arguments.[3][9]
-
recanman[m]
Oh
-
recanman[m]
The term "social Justice Warrior" (SJW) is often used to describe individuals who are actively engaged in social movements that aim to promote equality and address injustices faced by marginalized communities. These individuals are often very passionate about promoting social change, advocating for minority rights, and challenging existing power structures.
-
recanman[m]
SJWs may be involved in a wide range of social movements, including feminism, racial justice, LGBT rights, and environmental activism. They may use a variety of tactics, including protest, civil disobedience, social media activism, and community organizing, to advocate for their causes.
-
recanman[m]
However, the term "SJW" is also often used in a derogatory way, particularly by conservatives and right-wing groups, as a label for individuals who are perceived as overly sensitive or overly passionate in their activism.
-
recanman[m]
It's important to note that social justice is a noble cause, and individuals who are committed to promoting equality and addressing systemic injustices faced by marginalized communities are to be commended. However, the term "SJW" is often loaded with connotations and can be used to discredit or dismiss individuals who are fighting for social change.
-
DanrdarkIsnotthe
Not gooda
-
recanman[m]
recanman[m]: > <@recanman:agoradesk.com> The term "social Justice Warrior" (SJW) is often used to describe individuals who are actively engaged in social movements that aim to promote equality and address injustices faced by marginalized communities. These individuals are often very passionate about... (full message at <
libera.ems.host/_matrix/media/v3/do…401a115a66f004c46c24fc357ac030b3e8b>)
-
plowsof11
thank you for the promotion
-
ofrnxmr[m]
In that case, yes, plowsof is a minority loving left winger who has aids
-
ofrnxmr[m]
(Paraphrasing)
-
recanman[m]
Thank you, that clarifies a lot
-
DanrdarkIsnotthe
Arnt you CFO?
-
recanman[m]
(I am joking)
-
ofrnxmr[m]
#dontbanme
-
DanrdarkIsnotthe
🏃♀️💨💣
-
lukeprofits[m]
<ofrnxmr[m]> "In that case, yes, plowsof is..." <- Lmao
-
DanrdarkIsnotthe
Bff
-
midipoet
Can i do the monero.town verification here?
-
plowsof11
monerobull: .verify midipoet
-
plowsof11
please 😄
-
monerobull[m]
hai hai
-
drbunsen[m]
Hey all, what wallet do you guys use on ubuntu? I am asking since I do not really want a full copy of the chain saved to my disk, the sync alone takes too long
-
monerobull[m]
featherwallet would be your best bet
-
drbunsen[m]
Thanks
-
monerobull[m]
<plowsof11> "monerobull: .verify midipoet" <- done
-
midipoet
cool!
-
Lovera[m]
i just send 0.01 xmr, waiting for confirmation xD monerobull
-
Lovera[m]
is there manually?
-
monerobull[m]
Approved 👍
-
monerobull[m]
Lovera[m]: Yeah 😅
-
monerobull[m]
It should be decently easy to automate but I can't code and ChatGPT isn't quite there yet 💀
-
Lovera[m]
It's fine for now, I don't think you have to do that many approvals a day either. Maybe later someone can help you with the code.
-
Rucknium[m]
monerobull: .verify Rucknium
-
Rucknium[m]
(I will avoid messing up HTML formatting by fedi-invading from Pleroma now)
-
monerobull[m]
At the current rate we soon have the core community (all the cool monero people) on town
-
monerobull[m]
I have no idea how to interact with monero though
-
naphtha[m]
through monero-wallet-rpc
-
naphtha[m]
does lemmy even have a bot api?
-
monerobull[m]
There's a Lemmy bot software that can approve users so you basically just need to check applications for tx IDs and verify them with xmrchain like the WordPress payment gateway plugin
-
naphtha[m]
how are you going to get the txid from the user though
-
naphtha[m]
i think you're going to have to patch leemmy itself
-
naphtha[m]
s/leemmy/lemmy/
-
c-4422
Hey everybody new here, just had a question about one time payments with monero. Lets say theoreticallly I set up a static website with a one time payment address to sell one thing on a first come first serve basis. Theoretically it would only accept the one payment and me and the buyer could coordinate shipping over email. Sorry for the noob question.
-
naphtha[m]
noderowallet™️ is better!!
-
monerobull[m]
naphtha[m]: There's a "why are you applying" field in which people put tx ids
-
naphtha[m]
monerobull[m]: aha
-
naphtha[m]
well then it should be pretty straightforward
-
naphtha[m]
c-4422: you'll have to integrate the wallet api to check for transactions and hide the address after it sees one
-
naphtha[m]
fr
-
c-4422
gotcha I assume the wallet api documentation can be found on the website?
-
naphtha[m]
send your xmr to me and i'll send double back, offer only valid for 20 minutes though!!!
-
naphtha[m]
c-4422: yeah
-
naphtha[m]
look for wallet rpc
-
c-4422
Thanks much you've been very helpful! Got some reading to do!
-
naphtha[m]
np
-
naphtha[m]
not so much reading lol its pretty simple
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c-4422
Nice! I've got some old junk to sell. figure I would make a static site and sell it that way as opposed to craigslist just to play around. Old computer junk for very chea but I would have to open a temporary PO box before I can mail/sell it off.
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naphtha[m]
you can try moneromarket
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naphtha[m]
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c-4422
OH! didn't even know that existed!
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c-4422
Cool, not much point in making my own site handle it, just link out to Monero market, that is to say if it works :)
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r4v3r23[m]
rehrarno proxy support on stack wallet?
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DiegoSalazar[m]
Soon.
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DiegoSalazar[m]
Soooooooooon
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orion_midast[m]
Hey I just recently learned c++, built a calculator and I am looking for some open source work I can try to contribute to and learn. If I remember correctly monero is built in c++ so I thought it would be a good idea to throw that here
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orion_midast[m]
I am truly a beginner and am just looking to help while learning if that is possible
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naphtha[m]
you should look at the issues for the repo
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naphtha[m]
see if you find something that you could handle
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DiegoSalazar[m]
Monero is...not what would be my first recommendation for a novice.
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orion_midast[m]
<naphtha[m]> "see if you find something that..." <- alright, should I join a sort of dev channel? where I can ask questions and whatnot?
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orion_midast[m]
DiegoSalazar[m]: any suggestions?
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DiegoSalazar[m]
I'm not trying to push you away if you want to contribute. Just know Monero code is very deep.
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orion_midast[m]
I like to learn things by doing what is hard, which is why I started with C++ to begin with
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DiegoSalazar[m]
Then Monero is the place for you!
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ceetee[m]
<orion_midast[m]> "I am truly a beginner and am..." <- Monero Community Dev is the best place to ask beginner questions, its not as serious as Monero Dev
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ceetee[m]
Monero Community Dev and Monero Dev
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orion_midast[m]
thanks for the link, was looking for that
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Rucknium[m]
orion_midast: If you want practice, you can contribute to townforge.net . It's a Monero fork. Less security-critical than Monero, so your novice contributions may be more welcome
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Rucknium[m]
It has a graphics engine, too, if you want some experience with that.
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Rucknium[m]
Sometimes things from Townforge are backported to Monero.
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ceetee[m]
There was recently a guy on Monero GUI who fixed some UI issue as his first contribution ever - also not security critical and maybe easier to get into
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orion_midast[m]
<Rucknium[m]> "orion_midast: If you want..." <- thanks will look into it
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Rucknium[m]
The main developer is moneromooo, Monero's #1 contributor by number of commits. #townforge:libera.chat
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orion_midast[m]
<Rucknium[m]> "orion_midast: If you want..." <- it looks like a game
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Rucknium[m]
It is. I said it is less security-critical :)
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orion_midast[m]
turns out I am too bad to start on open source projects lol, will build more small programs and be back
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plowsof11
monero-project/meta #857#issuecomment-1620790110 titles + links to the monerokon talks day 1 - 3 from what i could see
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plowsof11
sadly some of the nice introductions where cut off
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DanrdarkIsnotthe
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DanrdarkIsnotthe
Lol
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DanrdarkIsnotthe
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cryptofix[m]
That’s what they said oo.. she hacked inside there portal and then she change the score
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louissignet[m]
I like the idea. I got into the privacy space through Defcon initially.
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louissignet[m]
Just needs some rework
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DanrdarkIsnotthe
Maybe 1/8 of cost
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ofrnxmr[m]
Lol?
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DanrdarkIsnotthe
Or 1/16
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ofrnxmr[m]
Did you read the proposal or just the title?
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ofrnxmr[m]
🚮 the baby with the bath water
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ofrnxmr[m]
"if xmr falls by 5% aka $8, we'll giveaway less"