08:48:27 good morning 08:50:48 So, I've seen many posts like this on reddit: https://www.reddit.com/r/Monero/comments/1h0z3av/is_monero_bannedgoing_to_be_banned_in_the/ 08:51:27 and wanted to share easy solution: https://bitcointalk.org/index.php?topic=5511533 08:52:06 I don't have enough Karma on reddit to post, if someone would like to share it there it would be great 08:52:53 i know using DeX is the proper way but people should know Monero can't be really banned. 08:53:12 and still can use CeX if they want, just with a proxy. 10:51:16 no offense but cake takes some pretty steep fees 10:51:48 and you arent moving more than 1-5 grand through centralized swap sites 10:52:49 the few ones where you dont have to worry about getting frozen charge insane fees (exch goes as high as 5% and is still constantly empty) 10:53:07 serai will completely revolutionize this 10:53:15 god i am so bullish on serai 10:54:21 the fees for cakewallet can be adjusted on every release (via variables during the build process). sadly these are not transparent 10:54:47 by fees i mean, what cake puts on top of the swappers fees 10:55:17 interesting, i thought they just have ref-links and manage it through that 10:56:08 easier to deal with when you support a bunch of swappers i guess 10:56:30 for example: "StealthAdditionalFee" https://github.com/cake-tech/cake_wallet/blob/4ca50b5e6329dd5be066396ccb2e5a4c0483df53/.github/workflows/pr_test_build_android.yml#L208 10:57:35 and "trocadorExchangeMarkup" https://github.com/cake-tech/cake_wallet/blob/4ca50b5e6329dd5be066396ccb2e5a4c0483df53/.github/workflows/pr_test_build_android.yml#L177 10:57:53 these are secrets, and can be per-release specific 11:18:09 Evidently, they need to make money somehow, as they need to pay their staff etc. 11:18:51 of course 11:19:03 i just didnt know it was implemented like this 11:20:01 Stack Wallet also has credentials like this for swap purposes, but you can build and use it locally without third party services 11:20:05 I can tell you from speaking to people who work directly with regulators firsthand (such as Coinbase compliance). Monero will never be banned, ever. It is more effective to quietly inform CEXs to delist and allow shady CEXs to continue operating with wash trading and fake volume, which in turn will dwindle demand. Banning it will only bring more attention than it already has. 11:20:48 price attacks clearly work 11:20:54 every single "privacy" shitcoin pumped hard 11:21:11 monero was about to break out but whoopsie, 20k XMR open short interest appears 11:21:23 this is clearly meta. 11:21:45 serai will show moneros true value 11:21:47 you cant manipulate that 11:21:49 Monero's getting banned sets a bad precedent for all cryptocurrencies, as it would be influenced by vested interests from large financial institutions such as Blackrock and Vanguard. However, it is unlikely to happen. 11:21:51 Monero getting banned sets a bad precedent for all cryptocurrencies, as it would be influenced by vested interests from large financial institutions such as Blackrock and Vanguard. However, it is unlikely to happen. 11:21:53 ban monero => get attention 11:21:55 let people say there is price manipulation => make xmr community look delusional 11:22:12 only works as long as you can manipulate the price though 11:22:48 so excited I wake up every morning with a photo of Serai discord server count 11:23:11 I drink Serai, eat Serai, breath Serai 11:23:15 I even renamed my kid Nerve 11:23:45 and I also put the entire Schnorr or not to Schnorr post on a t-shirt which i deposit on my parents tomb 11:24:07 grave* 11:25:00 Liquidity is constrained. Buying XMR in large amounts requires significant risks. One whale is accumulating as much as possible on exch, but doesn't use CEXes due to lack of OTC support. There is no person or organization actively attacking the price. 11:25:23 I can tell you from speaking to people who work directly with regulators firsthand (such as Coinbase compliance). Monero will never be banned, ever. It is more effective to quietly inform CEXes to delist and allow shady CEXes to continue operating with wash trading and fake volume, which in turn will dwindle demand. Banning it will only bring more attention than it already has. 11:25:42 what about the 20k open short interest on perp markets? 11:26:11 right when everything else pumps because good news for privacy 11:28:11 20k XMR? 11:28:49 yeah 11:33:42 I don't see any evidence suggesting manipulation on the futures market. It may be HFT bots hedging or something else entirely. An orchestrated attack is highly unlikely, as there are easier ways to take down Monero if that were the intention. This appears to be noise. 11:33:47 https://matrix.monero.social/_matrix/media/v1/download/matrix.org/jvIlpsqXxzNPzVdVJiWpoRkX 11:35:58 I won't deny that the volume on these CEXes is artificially inflated. It's clear they use wash trading bots, but no one is actively manipulating the price of Monero. The current state of the market is due to the fact that it's extremely difficult to easily acquire large amounts of Monero, while it is easy to get major cryptocurrencies like BTC, LTC, or others. 11:36:33 it doesnt explain why monero bounces right back off but shit like ZEC doubles 11:37:56 Monero is tracking really well in different indicators compared to other cryptocurrencies. You have to filter out the noise to get an accurate picture of its performance. 11:38:51 I mean, you're close. At least, you recognize that Serai will help alleviate the liquidity restriction that Haveno and BSX were unable to fully address. 11:46:20 people dont exactly help the decentralized options when they keep suggesting people to use centralized options 11:46:58 but serai is going to be so damn simple to use 11:48:08 its frustrating because downloading haveno is imo way easier than signing up to a kyc CEX where you have to deal with confirmation emails, holds on funds, etc 11:48:26 i once completed a haveno trade start to finish, in 10 minutes 11:48:42 takes longer to withdraw funds from kraken than that 11:49:44 When current decentralized options require a default 0.15 XMR deposit or running multiple nodes and using an installation script on Windows, it's no surprise that people are opting for centralized alternatives. Many users use DEXes like Uniwap, Jupiter on Solana, and Thorchain have a significant number of users. What is common across all of them? Simple UX. 11:52:42 its $15 deposit 11:52:43 0.1 xmr 11:53:05 bsx is currently truly unusable for casuals but haveno has matured a lot 11:53:10 I'm not sure what the exact number is for the security deposit on Haveno. I may have misremembered it. 11:55:44 if you can download monero gui, you can download haveno 11:55:46 Monero DEXes still fall behind in terms of UX. Unfortunately, you can't run Haveno on mobile devices without having a dedicated desktop, for example. This is pricing out many cryptocurrency users who only rely on their phones. Also, there are no reviews like LocalMonero. 11:56:14 yeah they should set up a forum for reviews 11:56:48 Monero GUI is not a good example. Many people have reported issues with it, which is why alternative wallets like Cake Wallet, Feather, and others are more popular. 11:58:29 You should see how dead simple it is to use other wallets, DEXes, and services on other chains. None of them are perfect, but they are still better than Monero. I know some of the reasons why UX is subpar is due to the trade-offs that need to be made for privacy, but this needs to gradually improve with additions like Serai. 12:01:43 ive tried railgun and it was horrendous 12:01:54 Sorry if my previous messages seemed dismissive of your opinions. I definitely agree that Monero is improving and their potential looks promising, but this is coming from someone who uses Ethereum/Solana almost daily. I know they are not perfectly decentralized, but the convenience often outweighs this drawback. 12:02:23 Sorry if my previous messages seemed dismissive of your opinions. I definitely agree that Monero is improving and the potential looks promising, but this is coming from someone who uses Ethereum/Solana almost daily. I know they are not perfectly decentralized, but the convenience often outweighs this drawback. 12:03:12 every tx costs $20 to $40 and at one point it just didnt generate the stupid proofs and funds were frozen for a month 12:06:27 Monero wins in terms of privacy, but when comparing other aspects, ETH L2s and Solana offer lower fees compared to Monero. Transaction times are essentially instant. Dex UX is almost perfect, with superior liquidity compared to Monero. All coins have their advantages/disadvantages. 12:06:39 Monero wins in terms of privacy, but when comparing other aspects, ETH L2s and Solana offer lower fees compared to Monero. Transaction times are essentially instant. DEX UX is almost perfect, with superior liquidity compared to Monero. All coins have their advantages/disadvantages. 12:07:19 most of defi has no actual economic use 12:07:58 I am just noting one aspect Monero can improve. 12:09:04 and serai is going to fix this 12:09:35 That's beside the point. I agree that other cryptocurrencies have largely become glorified ponzi schemes at this stage. However, that doesn't mean we can't still make a profit from them. We need to find a way to secure our returns, as stablecoins will eventually lose their value and CEXes will disappear. So, there must be an alternative. 12:10:52 Monero could potentially be the alternative, although it still has a long way to go. 12:12:20 monero more stable than many stablecoins 12:13:43 Articmine made an insightful comment about this. He compared the collapse of AOL and Bitcoin after the dot-com bubble to Amazon's later success. In our opinion, if Monero follows our current model, it won't suffer a downturn, but thrive instead. 12:15:38 Articmine made an insightful comment about this. He compared the collapse of AOL to Bitcoin after the dot-com bubble with Monero's potential trajectory likened to Amazon's later success. In our opinion, if Monero follows its current model, it won't suffer a downturn. Instead, it will thrive. Articmine has another prediction in mind we don't agree with. 12:18:29 For windows* casuals. For linux its dead simple 12:19:48 plowsof I tried cakewallet swap today, and the XMR amount I sent matched the amount on the swap website. I don't see any fee anywhere, except for the swap website's fee 12:20:21 If it wasn't clear here, Articmine suggested that Monero would eventually "flip" Bitcoin, but proposed a twist. It would happen at a price of $50, not $50,000. By then, he argued, Bitcoin's value would be almost negligible. However, our current models indicate that Monero's potential value might not reach this level if Bitcoin fails. More data is still needed though. 12:22:42 BSX in its current state is amazing for OTC. 12:41:48 but you can manipulate localmonero when it existed? 12:41:52 or haveno? 12:42:46 people need to just stop follwing CEX pricing and start charging 0.1 BTC for 1 XMR 12:43:33 you can manipulate p2p trading but that is usually very low volume 12:43:39 You are comparing a P2P DEX with an AMM DEX. The latter is easy to run arbitrage bots that can make money off anyone trying to manipulate prices. We will also be running one to ensure we're aware of such opportunities. 12:43:59 so not setting the price 12:44:29 most volume will ove to p2p after delistings 12:45:13 nah 12:45:20 just have people refuse to sell under 0.1 btc 12:45:23 p2p is too involved 12:45:36 No, AMM. You are underestimating how much Serai can handle. 12:45:39 as long as there is some cex, it will set the price 12:45:51 serai isnt p2p? 12:45:56 no 12:46:52 Assuming sufficient liquidity, Serai could potentially handle swapping $100m in BTC to $100m in XMR without low slippage and almost instantaneously. You can never do that on P2P or any CEX for that matter. 12:47:16 Assuming sufficient liquidity, Serai could potentially handle swapping $100m in BTC to $100m in XMR with low slippage and almost instantaneously. You can never do that on P2P or any CEX for that matter. 12:47:19 who are you swapping with 12:48:17 This is just a contrived example. The actual outcome will depend on several factors, including the amount of BTC/SRI and XMR/SRI staked, as well as the economic policies such as fees that come into effect when it launches. 12:48:28 the automated market maker 12:48:36 you swap against the pool 13:03:47 @r4v3r23:monero.social It will look somewhat similar to this when swapping on Serai, although it will support more Monero and other coins: 13:04:11 https://matrix.monero.social/_matrix/media/v1/download/matrix.org/ydpGQUztjlqblzVKTDuoGFJf 13:05:31 it will look exactly like this: 13:05:36 https://matrix.monero.social/_matrix/media/v1/download/matrix.org/HHZEDeXAgcrVPWeNxVyizLsF 13:06:10 bcs thorswap will definitely add support for it 13:24:56 Support for Monero? 13:29:37 Never mind I see the photo 14:51:53 I love the design 14:51:58 I need good design. 14:52:10 Everyone knows everyone needs good design over 1000+ little features 16:03:26 Tell this to the apps in Monero community lol 18:02:25 real 18:07:14 🚨 Protect Your Digital Life: CyberSpectre Has Got You Covered! 🚨 18:07:15 Are you tired of living in fear of cyber threats? 🤔 Do you receive suspicious emails or messages that compromise your personal data? 📧 18:07:17 In today's digital age, data breaches and online scams are rampant 🚨. But there's hope! 💡 CyberSpectre is here to provide you with top-notch cybersecurity solutions, ensuring your personal data remains private and secure 🔒. 18:07:19 _Our Expert Services Include:_ 18:07:21 🔍 Data Leak Detection and Prevention 18:07:23 🚫 Advanced Threat Protection 18:07:25 📧 Email and Message Encryption 18:07:27 🔒 Personal Data Privacy and Security 18:07:29 📊 Cybersecurity Consulting and Auditing 18:07:31 _Why Choose CyberSpectre ?_ 18:07:33 🏆 Proven Track Record of Success 18:32:57 Any Cashapp? Chime? Zelle? Btc? Usdt?Skrill? Apple Pay? Pay pal? Venmo? BOA? Wells Fargo? Join my channel 18:32:57  https://t.me/+2eJ0Zp6D0L83Njg0 18:32:59  Got any of these Chase? BOA? Wells Fargo? Navy federal? Capital one? Truist? Att &t? PNC? TD bank? Credit union? M&T bank? Santander bank? Northwest bank? Or any other local Bank but JOIN THE CHANNEL NOW TO GET PAID Join the telegram channel✅ 18:39:14 Clean it up jannies 18:40:03 i believe i detected a scammer with several accounts on xmrbazaar. whom should i contact with details? 18:42:52 <321bob321:monero.social> @monerobull 19:00:04 Revuo Monero Issue 219: November 21 - 28, 2024. https://www.revuo-xmr.com/weekly/issue-219/ 19:15:08 Such a nice street price in today's issue, by the way. 19:15:12 https://matrix.monero.social/_matrix/media/v1/download/kernal.eu/qXwhWjhdLnQdPxjyYysXYXkl 19:16:27 reply to my question? 19:26:41 Nah that was for spam removal