<s​gp_:monero.social> monerobull: is there a video demo of grease?

<s​gp_:monero.social> if the UX is good enough, I think the clearest use-case is probably for things you might use a tab for

<m​onerobull:matrix.org> I don't think I'm allowed to share it yet ':)

@sgp I heard that you're working for the police/law enfircement now. Is that true?

<m​onerobull:matrix.org> Might be reserved for monerokon

<s​gp_:monero.social> [@monerobull:matrix.org](https://matrix.to/#/@monerobull:matrix.org) I think the biggest problem with channels in practice, at least while on chain fees are low, is that the volatility risk can be significant. If I'm a merchant that has costs in EUR and receive an XMR payment via a channel, I need to close the channel to send the received XMR to an exchange and then sell it. Which<clipped message>

<s​gp_:monero.social> defeats the purpose. So a merchant needs to short the XMR they are due, and there aren't that many good ways to do this right now

<m​onerobull:matrix.org> True but then you can also have payment providers for this thing

<m​onerobull:matrix.org> "make a channel with me and spend xmr on 10k websites"

<m​onerobull:matrix.org> And then the provider settles fiat with the stores and handles the volatility themselves

<m​onerobull:matrix.org> I guess you could do that without a L2

<s​gp_:monero.social> That might only work at a quite large scale due to regulations, which makes it hard to set up and gather initial traction. And yeah, and L2 isn't strictly necessary if there's a third party

<s​gp_:monero.social> Might as well be a custodial balance

<m​onerobull:matrix.org> Ok but how about the gambling example

<s​gp_:monero.social> For the gambling site example it might have advantages, especially if their payouts are tied to XMR

<m​onerobull:matrix.org> I know that there are some very specific use cases this shines in and that it's mostly useless for other types of transactions

<s​gp_:monero.social> But a gambling site custodial balance addresses this, at least mostly

@sgp what types of activities are you doing with law enforcement exactly?

<m​onerobull:matrix.org> Yeah but then you have custodial balances

<m​onerobull:matrix.org> The thing is, many claim they need instant transactions but they really dont

<m​onerobull:matrix.org> Nobodies credit card settles instantly

<s​gp_:monero.social> I consider the main advantage (from the site's perspective)to be psychological: "I'm a gambler and I'm opening this channel but I might not actually spend it all" but then they actually do. It might help stimulate more gambling

<m​onerobull:matrix.org> I am totally fine waiting for 2-5 minutes when paying for an online order

<m​onerobull:matrix.org> Or the opposite, XMr.gg locks you behind some stupid play-through number before you can withdraw

<m​onerobull:matrix.org> > <@sgp_:monero.social> I consider the main advantage (from the site's perspective)to be psychological: "I'm a gambler and I'm opening this channel but I might not actually spend it all" but then they actually do. It might help stimulate more gambling

<m​onerobull:matrix.org> Or the opposite, the one newish site locks you behind some stupid play-through number before you can withdraw

@sgp your publicly facing profile says you "help law enforcement agencies track and understand complex cryptocurrency transactions and blockchain activities. This includes in-depth analysis of blockchain transactions and infrastructure, advanced tracing of Monero and other privacy coins, and de-obfuscation of sophisticated illicit financial flows."

<m​onerobull:matrix.org> legitimately the best usecase is at a bar

<s​gp_:monero.social> Yeah I agree. For a chain with a financial department that properly configures shorting XMR to eliminate the volatility risk

<m​onerobull:matrix.org> wafflefrie there is nothing wrong with sgp using the expertise that they got to fight crimes

Maybe there is and maybe there isn't. I'd love to know how they are de-obfuscating monero transactions.

<m​onerobull:matrix.org> Well you're in luck

<m​onerobull:matrix.org> youtube.com/playlist?list=PLsSYUeVwrHBnAUre2G_LYDsdo

<m​onerobull:matrix.org> youtube.com/playlist?list=PLsSYUeVwrHBnAUre2G_LYDsdo-tD0ov-y

<m​onerobull:matrix.org> Here sgp explains most of it

I don't really use YouTube unfortunately.

I'll note the links for now and try to get around to them. Thabks for that, though.

Some might say it contradicts with Monero's goal of being the best privacy coin if people in our own community are financially vested in exploiting weaknesses in Monero's privacy.

I'm not saying burn @sgp at the stake, but I'd love to know how he squares that in his mind.

<s​pirobel:kernal.eu> wafflefrie xcancel.com/L0laL33tz/status/1904565854227804430 I don't like that he decided to live a life of crime. The industry he is part of is filled with fraudster, criminals and surveillance freaks. I also don't like that he tried to ban me and others before. but even criminals like him do useful things for the community sometimes.

<s​pirobel:kernal.eu> wafflefrie xcancel.com/L0laL33tz/status/1904565854227804430 I don't like that he decided to live a life of crime. The industry he is part of is filled with fraudsters, criminals and surveillance freaks. I also don't like that he tried to ban me and others before. but even criminals like him do useful things for the community sometimes.

<s​pirobel:kernal.eu> (not here to reheat old drama, just kindly helping to resolve the cognitive dissonance for onlookers :D )

<3​21bob321:monero.social> Ban ?

<s​pirobel:kernal.eu> (((for committing the heinous crime of freely using parentheses 🥺)))

<o​frnxmr:xmr.mx> surprised dan doesnt remember, he got muted the same day

<s​pirobel:kernal.eu> anyway just wanted to mention that I added multiwallet scanning repo.getmonero.org/monero-project/c…als/-/merge_requests/555#note_30356

<s​pirobel:kernal.eu> someone mentioned on twittor that they are triggered by the callback api. maybe I should add a generator based version 🤔

<3​21bob321:monero.social> Memory leak

<3​21bob321:monero.social> Should of used rust

<d​iego:cypherstack.com> Disagree. If Monero is traceable, the thing to do is harden the tech.

<d​iego:cypherstack.com> Hence FCMPs.

<o​frnxmr:xmr.mx> at wafflefrie ^

<o​frnxmr:xmr.mx> Re contradicting monero goak

<d​iego:cypherstack.com> Bitcoin is lame because they whine instead of build. "No don't work with chain analysis companies! Its bad for bitcoin, you monster."

<d​iego:cypherstack.com> Rather than just building better tech.

<d​iego:cypherstack.com> Cypherpunks build

<o​frnxmr:xmr.mx> I also think its absolutely dumbfounding that ppl think that shoving your head in the sand make monero private

<o​frnxmr:xmr.mx> Therr are times ive personally wanted to attack the network to expose privacy holes, since ppl like to LARP around like there are none

<o​frnxmr:xmr.mx> But then i remember that the irs bounties are pathetically low

<o​frnxmr:xmr.mx> If sgp can break monero, you should assume that he's far from the only one. Being out own biggest critics is the only way to stay ahead of our external critics / adversaries

<o​frnxmr:xmr.mx> I'm not even defending sgp, but saying that you have to be incredibly naive to assume that anything that any one of us does is a problem.

<o​frnxmr:xmr.mx> whether qubic can 51% monero, or sgp can trace monero transactions, thats a "you" problem. Fix the blockchain or keep crying rivers

<o​frnxmr:xmr.mx> you dont get stronger by lying to yourself about your weaknesses