01:39:03 i scared off everybody from the music channel with my elitism :( 02:02:53 Kewbit is more trustworthy than erc 02:03:14 that's all I have to say 02:07:57 lol shouldnt your name be CrE ? 02:08:27 LebAnon is active on /pol/, and was banned because he posted things like this 02:08:28 https://matrix.monero.social/_matrix/media/v1/download/unredacted.org/yZdNoFLvAgqGYjNwxPivprjS 02:08:31 We reported him 02:09:10 He's not active here 02:09:25 He was 02:09:31 A year ago 02:10:52 https://repo.getmonero.org/monero-project/ccs-proposals/-/merge_requests/367 02:12:28 lol hyperinflation was the the word in parenthesis 02:12:35 never forget the success gathering party 02:13:36 Do not fund this https://repo.getmonero.org/monero-project/ccs-proposals/-/merge_requests/564 02:14:02 . 02:14:06 SyntheticBird is unreliable 02:14:26 He's back 02:14:32 Anyone pretending to be erc's opposite is unreliable. 02:15:10 I have a funding idea 02:15:13 we forgot about dr cre 02:15:23 he's not the only 4channer. monerobull is one too. they all use the same vocabulary, but it's illegal in Germany, so he stays silent; however, we all know 02:16:11 Get community members to be in a dunk tank and others pay for the opportunity to try and dunk them 02:16:24 monerobull is antisemitic, but he presents himself as a mod 02:16:25 🧽 02:17:12 I don't care about erc. he's been irrelevant for years 02:17:24 We could probably raise millions 02:18:04 nioc, you can do better than a dunk tank 02:18:33 You cared enough to use his name 02:18:52 I don't ignore things that pop into my head 02:19:16 how does exch have 38k in reserves? has laundering started yet? 02:19:20 xmr 02:20:05 they run out daily 02:20:47 they currently hold approximately 38896.2423501215, which translates to over $7 million 02:21:09 I've never seen anything like this before 02:22:00 https://exch.xmrpri.se/ 02:22:25 Lol 02:22:28 see 02:22:35 Clearly they bought the dip 02:22:48 They had near 60k 02:22:58 inflation bug 02:23:04 /s 02:23:07 Look at their volume 02:24:30 over $16 million in volume at its peak, with a 5% fee 02:24:49 Yup 02:25:00 this proves that cex holds no xmr 02:27:00 it looks like manipulation 02:30:59 buy xmr from exch -> sell on cex to lock behind kyc 03:19:24 I'm surprised you don't remember me from /xmr/ 03:23:08 how about you stop dming me for attention 03:23:40 plowsof already does that 04:38:42 " they run out daily" - i don't understand this. why don't they raise the price to prevent running out? 04:40:19 Because they are a swap service. They offer xmr at ~5 04:41:01 because there's some rule somewhere that says they can't charge more? 04:41:15 a "being a swap service" rule? 04:42:01 Their business model? 04:42:06 "i must charge what the cex says i should charge, because i am beholden to them" 04:42:12 Have you ever used a swap service? 04:42:12 Of course they could charge more for a higher quantity, but all swap services charge a set %. Its essentially OTC 04:42:25 that's not a stupid business model that causes you to run out of product everyday? 04:43:35 They buy at market and sell 5% above. Of course its not a stupid business mpdel 04:44:04 theyve always run out, from the day they first launched iirc 04:44:14 Its a simple matter of xmr being in high demand 04:44:32 there's no zero logic to what i'm reading 04:44:50 it's stupid to not raise the price if the demand is there 04:44:59 there's this thing called "supply and demand" 04:45:07 it's supposed to drive free markets 04:45:17 Even binance and other cex ran out of xmr often lol. 04:45:42 locked prices usually exist in fascist societies 04:45:52 If supply and demand was respected by cex, and not fake prices, then xmr price would be much higher 04:46:21 As long as exch can replenish at suppressed rates, then cex can sell at those rates 04:46:55 "then xmr price would be much higher" - this is my point 04:46:59 exch is complicit 04:47:35 any service not obeying supply & demand principles is complicit 04:47:52 They arent. They buy at N and sell at N+5% 04:47:53 If they can buy at N, then they arent complicit. The xmr they buy is real 04:48:22 smh 04:49:07 You cant just ignore that the supply is available and then cry about price suppression 04:49:17 i didn't say the xmr is fake. i said they're suppressing the price, at their own expense at that 04:49:31 it makes no business sense whatsoever to run out of product every day 04:49:47 so the only remaining question is, why are they doing it... 04:49:55 If exch can buy all of the supply, and _people stop selling it back to the cex at a 5% loss_, then price will go up 04:50:07 As long as you dump xmr of cex at a 5% loss, the cex and exch are both accumulating at the expense of retail users 04:50:34 and suppressing the price at the same time 04:51:04 it doesn't matter that it's available. they're still refusing to raise prices 04:51:13 Blame the ppl supple cex with xmr. 04:51:52 no, they're idiots. exch is supposedly a for-profit business. they're expected to act more logically than idiot crypto gamblers 04:52:27 They raise price by 5% above whatever its available at. Thats _your_ fault for making it available at the -5% rate. 04:52:28 THEY MAKE A 5% PROFIT ON 17M EVERYDAU 04:52:46 which is less than they could make 04:52:54 it's price suppression 04:53:12 Youre free to run basicswap and put 60000xmr for sale at 10% if youd like to lead the charge 04:53:32 we all are 04:53:53 it's worthwhile to call our those acting against xmr as a currency though 04:53:59 s/our/out 04:54:43 And how many walk it like they talk it? Not many! 04:55:02 very true. but without shaming them, it not going to increase 04:55:19 Call out my ass, add your xmr liquidity to dexes at the rates you clamour about, or stop barking at the wall 04:55:50 lol what makes you say i don't? 04:56:00 shaming them isnt going to change anything aside from create a new competitor that will sell at 5% 04:56:04 there's usernames on the DEX? 04:56:39 you can see the liquidity on the dex broski 04:56:54 what's your point? 04:57:44 yeah, exch shouldn't be glorified in the least if we know they've actively suppressing the price. knowing that they deliberately sell out every day is clear evidence of that 04:57:46 Instead of yelling at a _cex_ swapper about how 5% of 15m daily volume isnt enough profit, how about you yell at community members to use dex instead of exch? 04:58:13 you haven't realized that's what the current topic is yet? 04:58:39 "it's price suppression" 04:58:42 "they're complicit" 04:58:52 "exch shouldn't be glorified in the least" 04:59:20 "add your xmr liquidity to dexes at the rates you clamour about" 04:59:57 They arent suppressing anything 💀 05:00:25 that's a good little sheep 05:01:08 anyway, have fun yelling at the sky about a for-profit entity not making enough % by trading a 5% spread all day 05:01:28 i will 05:02:13 tHeY ShoUlD SeLl aT 60%!! 05:03:27 As if they dont have 30 competitiors already selling higher volumes at lower rates _and all pulling a profit_ 05:03:57 if that's true, they wouldn't be selling out 05:04:06 someone please go read about supply & demand 05:04:44 exch offers no kyc at a drop dead easy interface. of course it can sell higher 05:04:45 its literally true lol 05:04:46 Exch isnt the only no-kyc swapper 05:04:54 yet they sell out 05:04:59 please go read about supply & demand 05:05:30 Wizardswap and iirc bitcoinvn are 2 others 05:06:22 Bro doesnt know what "supply" means 05:07:47 it's amazing when you realize how few people understand very simple concepts 09:08:32 NorrinRadd: if they don't sell out every day, wouldn't they have to maintain the risk of price slippage over their preferred 24 hour time range? If they do sell out, they know all they have to do is hope price doesn't slip by -5% from their purchase price in the 24h window to still make profit. 10:55:32 NorrinRadd, all societies are fascist if there are pigs with guns 10:55:56 "supply and demand" is a hoax 10:56:38 CEXs just set a price without even doing one trade. it is just deception by showing pictures on a screen, like the evening news 10:58:43 someone will folow, does a successful trade with another one, and that is the new price, although only a handful followed. real trading has slowed down for a while, until it picks up 12:02:48 syntheticbird meowwwwwwwwwwwwwwwwwwwwwwwwwwww 12:03:08 seems like my fans were making my ears burn while I was catching my beauty nap bb. 12:03:17 fun times. 12:24:08 dukenukem PPPPPPPPPUUUUUUURRRRRRRRRrrrrrrrrrrrrrrrr 12:24:30 Let's go I have my hater club 🚀 13:14:59 is this the trading channel? 13:15:14 I sell N+11% 13:16:23 Yes 13:16:46 Monero-markets isnt bridged to matrix, so community is the nee bridge 13:16:52 send cash to: 13:17:23 PO Box 420; New North Korea; 60609 13:25:11 I've lived here for 16 years and never knew we could get a PO box 13:27:36 it's all about how you do who you know 13:29:45 I know you though 14:30:18 Wrong pin it’s 433769 17:38:50 syntheticbird your hating club? hm? 18:19:35 midipoet: even when they do sell out, price slippage is still a risk. price could fall more than 5% within a day. I wouldn't say the risk is higher than, because then they wouldn't be limiting themselves to sell at only 5% above the current CEX price. Depending on demand, it could be 10%. Their profits could be much higher. to spell it out more clearly, as supply drindles(sp?), their 18:19:37 raise their price higher and higher. as supply does not fall, stop buying. 18:24:41 The slippage is only a risk as long as they hold stock bought at price N. They obviously prefer to limit that risk, by ensuring they don't hold stock past a 24 hour window (or even less sometimes if they sell out earlier). Then, the next morning they buy at the new N and start the process again. 18:26:16 Plus i would imagine demand for swaps is pretty elastic, given that wallets often recommend the cheapest swap. I would imagine that the majority of swaps are conducted through wallets (could be incorrect on that though). 18:36:11 Probably correct in # of swaps, but not volume 18:36:54 wallets charge more, so anyone doing large volume has an incentive to save $ by going as close to the source as possible 18:39:51 Biggest savings come from kyc'd accounts on an exchange, followed by no-kyc on exchange, followed by swappers. Kyc swappers will have lower limits, so those are more of a convenience for low volume. High volume no-kyc has its own market, which is why you see hundreds of thousands or millions in volume on dex's and even more on no-kyc swappers 18:40:25 Slippage and depth arent / shouldnt be used interchangeably 18:41:33 There is no slippage on a swapper. WYSIWYG. There is slippage on uniswap. 18:41:34 For w cex exchange, there is depth, which is why a market buy can print a god candle 18:43:31 Swappers dont just _sell_ coins, they also buy coins. they dont have to deal with slippage. 18:43:32 their (iirc) impermanent loss comes from market moving inbetween huy/sells.. but buy high + sell higher works all the samr 18:44:24 https://magicgrants.org/2025/03/11/truenas-monero-arti-i2p.html