<T​heFuzzStone:matrix.org> Am I the only one waiting for Monero to be banned for individuals? 😏

<T​heFuzzStone:matrix.org> Was that a joke?

<T​heFuzzStone:matrix.org> Or did you in your regulatory games miss the news where the ECB (my favorite and most democratic Christine Lagarde ❤️) said it hopes to have the legislative framework ready by October to launch the digital euro?

<system> file digital_EUR.mp4 too big to download (8942782 > allowed size: 1000000)

<T​heFuzzStone:matrix.org> digital_EUR.mp4

<c​t:xmr.mx> man somehow she manages to sound even more corporate the my current ceo

<T​heFuzzStone:matrix.org> Because her job is to lull European taxpaying cuckolds into thinking that everything is fine and it will be even better!

<T​heFuzzStone:matrix.org> And if you feel a little bad right now, it's someone else's fault, but it's definitely not theirs.

<T​heFuzzStone:matrix.org> And if you still feel a little bad now, you just keep quiet and continue working for the boss, and in the future the boss may make your chain a little longer and give you the label "fighter for democracy".

<T​heFuzzStone:matrix.org> It's a tough time for everybody right now... you know? These are the times we live in. Geopolitical turbulence, markets instability... But! I am sure that the Queen of the EUSSR (her Majesty Ursula) and Christine are not sleeping at night, but are fighting so that you and me personally, all of us from the EUSSR - have a wonderful life!

<T​heFuzzStone:matrix.org> They decided to ban CASPs (businesses) from working with Monero, simply because they know it's useless to fight XMR.

<T​heFuzzStone:matrix.org> These dictators would rather shut down the internet completely than allow XMR. On the other hand, I don't need their permission to use any FOSS.

<T​heFuzzStone:matrix.org> Throughout the years I've been in the Monero community, I've always tried (and continue to do so) to educate new XMR users on the basics of XMR, and that XMR is not about "sell XMR and withdraw EUR/USD to own bank" - because that makes absolutely no sense in the context of Monero. Because Monero = privacy, freedom, censorship-resistance, and refusal to work with states and regulat<clipped message>

<T​heFuzzStone:matrix.org> ors. And it's pretty easy to sell to people whose brains are not yet infected with the: full KYC centralized exchange account + full accountability to their state of how much XMR you bought/sold and how much you have to pay in taxes.

<y​olakalemowa:matrix.org> hello

<f​reeaeronaut:matrix.org> Hi Guys, I've translated polyseed for german language and add it on Github. But unfortunately, tevador does not respond to the pullrequest. that can i do here?

<f​reeaeronaut:matrix.org> tevador/polyseed #17

<h​bs:matrix.org> not feasible without ignoring so many laws

<p​laiwanone:matrix.org> WDYM?

<T​heFuzzStone:matrix.org> There are no laws for big boys. :)

<T​heFuzzStone:matrix.org> "Laws" are only for plebes.

<T​heFuzzStone:matrix.org> Step by step. I believe in her majesty Queen of EUSSR and that she will succeed.

<p​laiwanone:matrix.org> Brb

<p​laiwanone:matrix.org> Ah

<p​laiwanone:matrix.org> Speed belongs to the devil

<p​laiwanone:matrix.org> Intelligence belongs to the men

<p​laiwanone:matrix.org> All fighting under heaven, judgement is done by swiftness

<f​reeaeronaut:matrix.org> CASP mean not all businesses, only those who custodial handle monero for others. the AMLR Law just enforce, what monero loves: self hosting of wallets. (non custodials)

<f​reeaeronaut:matrix.org> So please, to all folks: stop spreading this bullshit, its just a false flag. Monero cant be prohibited neither is that in the intrest of states. sounds weard? think about it ...

<o​frnxmr:xmr.mx> Tell that to japan

<T​heFuzzStone:matrix.org> I know.

<T​heFuzzStone:matrix.org> > Monero cant be prohibited neither is that in the intrest of states. sounds weard? think about it ...

<T​heFuzzStone:matrix.org> I think you have too much confidence in the current system, and that states have a logic other than to have even more control over people. Let's see what happens :)

Hop on nostr boyos! following.space/d/ygm6vtdp3arx?p=af…54bb3f6af9a98639b85d4a5cf1371caba85

is it bridged to IRC? :D

<l​anre:envs.net> alr people i've got a pitch and i think you should hear me out. disclaimer: i'm trying to get rust & frontend devs on board

<l​anre:envs.net> ## **The Problem: Monero’s Volatility**

<l​anre:envs.net> Monero (XMR) is hands down one of the best privacy-focused cryptocurrencies out there, offering real, untraceable transactions. But let's be real—its price volatility is a huge barrier. Unlike fiat currencies, which are relatively stable, Monero swings up and down like crazy. This makes it tough to use for everyday transactions or even long-term savings. Until Monero can offer s<clipped message>

<l​anre:envs.net> omething similar in terms of stability—like the USD or EUR—it won’t ever reach its full potential as a global currency.

<l​anre:envs.net> If Monero is ever going to become a widely trusted, go-to currency, it needs to have consistent value over time. Right now, you can’t trust it to hold its worth for the long haul, and that's a big problem for adoption.

<l​anre:envs.net> ## **The Solution: XAU – A Decentralized, Trustless Bond System**

<l​anre:envs.net> ### **The Big Idea**

<l​anre:envs.net> We need a way to guarantee that Monero holders can lock in their purchasing power without worrying about price swings. Enter **XAU**—a system that ties Monero’s value to gold, specifically using **1 troy ounce of gold** as a benchmark. This lets Monero holders maintain their wealth with a stable asset (gold) while using Monero for all their privacy needs.

<l​anre:envs.net> The goal is simple: make Monero a store of value people can rely on, without losing the privacy and security it’s known for.

<l​anre:envs.net> ### **How It Works**

<l​anre:envs.net> 1. **Monero-Pegged Bonds**:

<l​anre:envs.net> if you want to help out: obp44wtaisnr42r37gi4ihzxjc5odd4j5gzap5f5yxlu6zeh445mqnqd.onion 6667 IRC #XAU

<o​frnxmr:xmr.mx> xmr/gold exchange rate requires xmr/usd and gold/usd

<s​yntheticbird:monero.social> tl;dr: kewbit-tier ai generated slop about a stablecoin that is supposed to be linked to xmr smh

<o​frnxmr:xmr.mx> ty m-reIay

<o​frnxmr:xmr.mx> Saved me from ranting

<3​21bob321:monero.social> Someone remove that shit

<l​anre:envs.net> now here comes the part where i ask you retards to your your minds

<l​anre:envs.net> if you're converting both to USD, and then dividing the rates

<l​anre:envs.net> USD is canceled out

<l​anre:envs.net> simple math

<l​anre:envs.net> my guy. XMR has no provision for smart contracts

<l​anre:envs.net> by definition, i cannot build a stable coin on top of XMR

<l​anre:envs.net> but what you *can* make is an off-chain agreement secured by multisig wallets

<o​frnxmr:xmr.mx> I dont have an ai powerful enough to spam slop responses

<l​anre:envs.net> i don't have an AI dumb enough to be incapable of doing high school level math

<l​anre:envs.net> yk what, check something for me

<l​anre:envs.net> calculate the rate of XMR to USD

<l​anre:envs.net> and XMR to CHF

<l​anre:envs.net> or any other currency

<l​anre:envs.net> and do the same for GCW (gold futures)

<o​frnxmr:xmr.mx> Nk

<o​frnxmr:xmr.mx> no*

<l​anre:envs.net> and then divide the corresponding value out

<l​anre:envs.net> you'll get the same number

<l​anre:envs.net> not linked to XMR. held on chain, but pegged to gold

<l​anre:envs.net> and that's not through supply and demand

<l​anre:envs.net> that's why USDT and tether failed

<l​anre:envs.net> you need vast amounts of a stablecoin to be able to counteract inflows/outflows

<l​anre:envs.net> but when you have an agreement that states one party has to maintain a certain margin amount based on the exchange rate, risking losing their entire investment minus fees, you have a feasible system

<o​frnxmr:xmr.mx> #monero-slop:monero.social

<3​21bob321:monero.social> thats monero policy room ?

<o​frnxmr:xmr.mx> Nope, better