-
merope
<AlmightyA> "That's what I was thinking..." <- Yes, in this case "in"/"out" only refers to who initiates the connection, but once it's established the data can go both ways. Think nat-punching, if you know what that is; or the way computers talk to websites
-
merope
<AlmightyA> "But I'm uploading far more..." <- You are indeed sending chain (and mempool) data to peers
-
merope
The difference is that you're the one who contacted them first to establish the connection, because they allow incoming connections, whereas other nodes cannot initiate a connection to you because your node can't be reached from the outside; that's exactly what port forwarding does: it makes your program/device reachable from the outside
-
RavFX[m]
Oh, it's possible to use Monero over the Nym mixnet.
-
RavFX[m]
Interesting.
-
fr33_yourself[m]
<ofrnxmr[m]> "Monero RIP if all incoming nodes..." <- I see. So the problem of a large portion of Monero network nodes running on VPS located far away is that the individual running the node can't prevent a counterparty from turning the node off?
-
fr33_yourself[m]
> <@ofrnxmr:monero.social> rpc isnt "helping the network" either
-
fr33_yourself[m]
> its the opposite
-
fr33_yourself[m]
You aren't suggesting to eradicate the rpc feature entirely are you? I agree that simple mode and --public-node could likely be removed. It just means new users need to look up a node they can trust sufficiently to connect to. Not bad in my opinion
-
fr33_yourself[m]
<ofrnxmr[m]> "If my isp says "we'll cut you" i..." <- Sigma male chad grindset
-
fr33_yourself[m]
<jollyboy[m]> "interesting, it seems most..." <- Here here! A shrewd man has joined our ranks😎
-
fr33_yourself[m]
<jollyboy[m]> "michael saylor buying all that..." <- He is a controlled puppet for the Bitcoin maxis. A blubbering fool. The US gov can seize his bitcoin anytime they want, unless Saylor has a small scale army to fight the SWAT, National Guard and Intelligence agencies lol
-
fr33_yourself[m]
<jollyboy[m]> "it seems localmonero.co is..." <- credit market will be dead soon. Paper notes for encrypted ledger money. This is the future for getting into and out of Monero. Improvise, Adapt, Overcome.
-
fr33_yourself[m]
<jollyboy[m]> "any recommendations for a fiat..." <- Dude. Don't be a bankers poster boy. Go to an ATM and withdraw cash. Use cash to buy Monero. Or sell a good or service for Monero. Banks and all services dependent on them are captured, so nobody wants to play pretend games. The digits in your account or just liabilities of an insolvent institution. Red pill time
-
fr33_yourself[m]
<jollyboy[m]> "if not for a big exchange, how..." <- You sell a large amount of goods or services for Monero. Just like you do for fiat. Or you make a trip to the US and do a large cash in person or by mail trade
-
tanyastopguy
cash though mail is the best way to buy monero, as far as I can tell it's reliable and you don't pay too much of a premium for the service
-
tanyastopguy
agoradesk has several listings for cash by mail -> xmr
-
jollyboy[m]
fr33_yourself: thanks for your replies.
-
jollyboy[m]
one thing: apart from the moral aspect, is there anything dangerous or bad about buying monero from a big exchange like kraken?
-
jollyboy[m]
paying in cash and other methods 1: have an increased price for monero, 2: require much more effort, complexity, time (and risk maybe)
-
jollyboy[m]
'fly to the US and pay cash' that defeats the whole purpose of using monero as a currency - it you have to do such a big and dangerous trip to obtain it
-
jeffro256[m]
KYC is the main worry with CEXs
-
fr33_yourself[m]
> <@jollyboy:matrix.org> fr33_yourself: thanks for your replies.
-
fr33_yourself[m]
> one thing: apart from the moral aspect, is there anything dangerous or bad about buying monero from a big exchange like kraken?
-
fr33_yourself[m]
> paying in cash and other methods 1: have an increased price for monero, 2: require much more effort, complexity, time (and risk maybe)
-
fr33_yourself[m]
What is the problem with buying Monero from Kraken? Are you ok with Kraken knowing the amount of Monero you have purchased? Are you ok with government's knowing how much Monero you have purchased? If you don't mind those two entities having that information then Kraken shouldn't be a problem. If you do take issue with those two groups knowing that information then you need a more privacy preserving means of acqurining Monero.
-
fr33_yourself[m]
> <@jollyboy:matrix.org> fr33_yourself: thanks for your replies.
-
fr33_yourself[m]
> one thing: apart from the moral aspect, is there anything dangerous or bad about buying monero from a big exchange like kraken?
-
fr33_yourself[m]
> paying in cash and other methods 1: have an increased price for monero, 2: require much more effort, complexity, time (and risk maybe)
-
fr33_yourself[m]
Paying cash for Monero currently may be more expensive than other methods. That will change eventually. Also you must ask yourself, what is the price of privacy and anonymity? If the price of using cash, i.e actually making a private transaction is too high then you are right, don't pay cash.
-
fr33_yourself[m]
> <@jollyboy:matrix.org> fr33_yourself: thanks for your replies.... (full message at <
libera.ems.host/_matrix/media/v3/do…479f2da68ad50e5640e92d76353737c3870>)
-
fr33_yourself[m]
<jollyboy[m]> "'fly to the US and pay cash..." <- No! You have already lost the war mi amigo. You are trying to trade a paper liability for good money. The point of Monero is that is currency which is obtained by producing for other individuals who already possess Monero and acquiring it via voluntary exchange. Now, maybe there is somebody who wants a paper or digital bank liability where you live. If not, then you just have to accept
-
fr33_yourself[m]
it for goods or services you provide.
-
fr33_yourself[m]
The days where people accept credit or debit card for Monero are numbered in my opinion. The fiat system that isn't paper notes is too easy to censor and monitor.
-
fr33_yourself[m]
Even cake wallet. It's just a regulatory race in the US. Blanket ban soon
-
jollyboy[m]
but surely, if monero market cap is 2.8B, a lot of people payed fiat to get that started right?
-
jollyboy[m]
fr33_yourself: what your saying is technically correct, but not practical
-
fr33_yourself[m]
You want Monero. NObody in your geographic location has Monero and wants what you want to sell, i.e bank liabilities. If you have something that people with Monero want you can exchange for it. Yes I am indeed concluding you need to have currency that they want or you must act in an entrpreniurial manner to satisfy the desires of people who currently possess monero
-
jollyboy[m]
yes that sounds good - working for Monero
-
fr33_yourself[m]
It ain't easy to get Gold or Monero. There is a good reason for that.
-
jollyboy[m]
how does an exchange get its Monero?
-
fr33_yourself[m]
Producing for someone who already possesses Monero to be more price.
-
jollyboy[m]
how come they can just sell it?
-
fr33_yourself[m]
In my ideal endgame exchanges don't get their Monero. Because staying in Monero is as easy as staying in fiat. That is when Monero flips all other chains and claims its position as the king
-
fr33_yourself[m]
Exchange can only get Monero because they are a digital fiat broker for weak Monero hands.
-
jollyboy[m]
what are 'weak monero hands'
-
fr33_yourself[m]
The Monero holder wants to swap back to fiat, only because of it's larger nexus in the market. So he goes to the CEX and dumps a good money for a money which is currently more exchangeable for other goods in the market place
-
jollyboy[m]
yes yes
-
jollyboy[m]
so exchanges actually need to buy Monero like everyone else....they dont just magically have it...is that what your saying?
-
fr33_yourself[m]
A centralized exchange doesn't magically whip up Monero out of thin air. They create a liquid pool by keeping some on their books when people who want out of Monero sell. The people who want out of Monero only want out because they can buy more stuff with fiat than they can with Monero. Is very simple scenario
-
jollyboy[m]
I see
-
fr33_yourself[m]
Yes, and the difference between you and the exchange is that the exchange has more liquidity, more reputation, and is online 24/7. You and your smaller amount of digital fiat are less liquid, an unkown counterparty, and only come online when it is convenient for you.
-
fr33_yourself[m]
Although in practice you are probably more trustworthy and less risky than the exchange is, the Monero dumper is not sophisticated enough to recongnize that in his threat model
-
tanyastopguy
jollyboy[m], one potential risk from buying monero from kraken is that kraken/the govt will know you own monero, but that's not a big deal tbh
-
fr33_yourself[m]
Although, I hold the Monero dumper in low esteem in my examples, I am not implying he should be restrained. I think he should be free to dump even for the most radioactive hyperinfating currency he can find lol. I believe in strong property rights, but see that the way a crypto-currency wins isn't by trying to market to n00bs, but to keep the current holders from dumping by serving them well enough that there is no need to dump\
-
fr33_yourself[m]
Fluffypony should never has to sell his beautiful dark Nero, for toxic fiat. Rather I must bend the knee to king fluffy so that I can obtain his beautiful Nero in voluntary exchange.
-
tanyastopguy
ik you're an ideologue fr33_yourself[m], but monero is most useful for anonymous online transactions, that's it. It's not useful for 99% of transactions in the economy, and it's inferior to USD/US Treasury bonds as a stable store of value.
-
tanyastopguy
the best way to use monero imo is to buy a small reserve, send/receive some of it, then buy/liquidate the difference between what you have and your reserve into USD
-
tanyastopguy
if you have a lot of USD, then buy treasury bonds
-
fr33_yourself[m]
I agree that Monero is more useful for digital than physical commerce. It is more useful than paper notes if you as the producer don't want to get diluted. For example, I have accepted Monero for physical goods, when nobody else in my area accepts it. Why? Because it is a more honest system and I'm not getting diluted by clowns across the narrow sea.
-
fr33_yourself[m]
Yes, an illiquid currency will always be more sensitive to changes in demand than the most used currency on the planet lol
-
jollyboy[m]
fr33_yourself: for you to see physical good in Monero, your trading partner also must have a way to obtain Monero
-
jollyboy[m]
otherwise it will never happen
-
tanyastopguy
"getting diluted" is not a real thing with USD. USD is incredibly stable and has consistently had the lowest inflation rate of every global currency for more than a century
-
fr33_yourself[m]
You think USD is better to hang onto than the Nero, I take the opposite approach. My Nero can't be arbitrarily diluted. 🧠
-
tanyastopguy
I would rather my money not change in price hour to hour +-10%, USD doesn't do that
-
fr33_yourself[m]
jollyboy[m]: Yes, and they very rarely do have Monero. Monero is only owned by a small minority of people on this planet lol
-
tanyastopguy
that's why I don't store my wealth in crypto, cause crypto is volatile.
-
jollyboy[m]
BTC if EU and US cracked down it would be over
-
tanyastopguy
USD is accepted everywhere on the planet, it's stable, it has a low inflation rate. For 99% of use cases, I'm using USD. For the other 1% where i need to stay anonmyous online, I use monero
-
fr33_yourself[m]
tanyastopguy: Although I personally can stomach volatility, I do agree that if you need the stability USD services you much better. This is fine.
-
fr33_yourself[m]
tanyastopguy: Lol you've been psyopped
-
tanyastopguy
I mean, there's an objective advantage to stability in that you can maintain longer time horizons. It's hard to make financial plans if you are unsure how much money you'll have in a week
-
fr33_yourself[m]
-
cockliuser[m]
<tanyastopguy> "jollyboy, one potential risk..." <- tanyastopguy: you also have the risk of an EAE attack for a KYC exchange
-
tanyastopguy
over a long enough period of time, volatility is going to cause you to avoid long term investments and incurring a huge opportunity cost
-
tanyastopguy
what are you trying to show with the m2 graph? fr33_yourself[m]
-
jollyboy[m]
cockliuser: can you tell me more about EAE attack for a KYC exchange?
-
cockliuser[m]
-
jollyboy[m]
having a fiat on-ramp is neccessary for true adoption
-
fr33_yourself[m]
You think stable is good. I think: the local mafia control the issuance of the currency that most people use. I'm not cool with that and think it is unsustainable long term. I don't think I habe much left to say on this point
-
jollyboy[m]
@cockliuser anywhere other than youtube to view? I really dont like that site...
-
tanyastopguy
fr33_yourself[m], yes, stability is good because it enables long term investments. If you're chronically making short term investments due to volatility, you'll end up incurring an opportunity cost in the long term compared to if you just held USD or Treasury Bonds
-
cockliuser[m]
jollyboy: invidious link:
yewtu.be/iABIcsDJKyM
-
tanyastopguy
If I have $10k USD, I know that will be worth $9800 in a year, and so on. If I had 10 monero, next week that could be worth 9 monero, or 11 monero
-
fr33_yourself[m]
tanyastopguy: I wonder how Treasury Holders are paid their interest?🤔 Oh that's funny via expropriation haha
-
tanyastopguy
in the former, I can make financial plans longer than a week in advance, in the latter I shouldn't take too many risks, or I could easily end up bankrupt
-
fr33_yourself[m]
Zero Hedge😎🧠
-
tanyastopguy
fr33_yourself[m], the only thing I care about re: US Treasury bonds is that there's always demand for US treasury bonds, and they appreciate at an incredibly predictable rate
-
fr33_yourself[m]
And you get to collect the spoils of theft. GZ m8. I don't care though lol
-
tanyastopguy
yeah, I'll be collecting my spoils
-
tanyastopguy
the US taxpayer is lucky I don't take more from them fr fr 😤
-
fr33_yourself[m]
If you are cool with collecting the spoils of theft via the local mafia then by all means. As you say there is a liquid market (for now) IOUs
-
jollyboy[m]
cockliuser: EAE attack, has this ever happened?
-
jollyboy[m]
dudes, 1 thing
-
jollyboy[m]
is Monero purchased on an exchange, truly as fungible (private) and Monero purchased P2P?
-
jollyboy[m]
this is the question
-
cockliuser[m]
Monero is fungible, but centralized exchanges can attempt to find statistical correlations between transactions they process
-
cockliuser[m]
Peer to peer is much better by virtue of decentralization
-
jollyboy[m]
surely...
-
jollyboy[m]
in the future, chain-analysis may reveal everything about Monero held on an exchange - is this possible do you think?
-
cockliuser[m]
Monero held on exchanges is already transparent, the exchange and all colluding entities know how much Monero the exchange users own (on the exchange)
-
jollyboy[m]
but when I send it to my wallet - its ok right?
-
jollyboy[m]
and then pay someone from my wallet
-
cockliuser[m]
If you linked your identity to your exchange account, you still run the risk of a EAE attack
-
cockliuser[m]
Just use P2P to be safe
-
cockliuser[m]
If you are forced to use an exchange, you might have to churn before spending to mitigate an attack
-
Alex|LocalMonero
MRC-20 when?
-
taylorbtcusdt[m]
If you are looking for a way on how to enhance your portfolio here is the possibility.
-
taylorbtcusdt[m]
I was saved out of debt and I'll keep advising you about the decent endeavor in my life.
-
taylorbtcusdt[m]
Get equipped on how to double your crypto assets whatapp +1(610) 480-3756 now
-
RavFX[m]
Go 100x short yourself taylorbtcusdt
-
AlmightyA
ofrnxmr and merope: Thanks for your input earlier, I appreciate the convo.
-
jollyboy[m]
If I was going to do a Litecoin (or some other coin) to XMR (someone here said ltc-xmr is a good choice at the moment) - I would need a Litecoin wallet to do that successfully right?
-
jollyboy[m]
I couldnt just swap after buying litecoin on the exchange right?
-
AlmightyA
jollyboy[m]: Yes, you'd need a litecoin wallet to get litecoin.
-
jollyboy[m]
does that take much work?
-
AlmightyA
You can do that easily with something like coinomi if you're a mobile user, just know the risks you run using that type of software in terms of privacy.
-
AlmightyA
No, it's very easy.
-
AlmightyA
But why you'd want LTC over XMR is a mystery haha. You trying to spend atm?
-
jollyboy[m]
I want to obtain XMR
-
AlmightyA
Ahh, I see.
-
AlmightyA
-
AlmightyA
No KYC, no registration, etc.
-
AlmightyA
Rates are pretty much the same as using something like coinomi, exodus, or cake.
-
jollyboy[m]
currently deciding between localmonero (difficult for first time users, payment method difficult) OR buy coin and swap to XMR (requires signup at exchange)
-
jollyboy[m]
I got denied from a commercial exchange after they verified me...they asked for heaps for info
-
AlmightyA
Simple swap doesn't require anything and they're quick. They charge about 4% though.
-
jollyboy[m]
I dont want to give them anymore
-
AlmightyA
3 or 4 percent is pretty normal.
-
jollyboy[m]
get litecoin wallet -> buy litecoin at Japanese exchange -> swap to monero on SimpleSwap
-
jollyboy[m]
does that sound logical?
-
AlmightyA
You can do that sure.
-
jollyboy[m]
signup to exchange is a pain in the ass
-
AlmightyA
Or on coinomi, or cake, or exodus. Just know you're going to be taxed every step of the way.
-
jollyboy[m]
localmonero trades at increased prices though...so maybe its about the same?
-
AlmightyA
Do you currently hold any crypto that you'd like to trade to XMR?
-
jollyboy[m]
I hold no crypto...
-
AlmightyA
Local monero's rates vary by the seller I believe.
-
jollyboy[m]
I'm a newbie
-
AlmightyA
Ahh ok I see.
-
jollyboy[m]
yes
-
AlmightyA
What country are you in?
-
jollyboy[m]
Japan
-
AlmightyA
If you don't mind me asking.
-
AlmightyA
Ahh, nice! Are you in Tokyo or near Tokyo by chance?
-
AlmightyA
I know a great spot that allows you to trade with cash in person.
-
jollyboy[m]
no, quite far, why do you ask?
-
AlmightyA
In Rappongi
-
jollyboy[m]
have you been there personally?
-
jollyboy[m]
that sounds good, but cost of travel + time is very high
-
AlmightyA
Ahh! I was going to suggest a currency exchange there that lets you buy or sell crypto (and other world currencies).
-
AlmightyA
Yes, I've been there.
-
AlmightyA
Great people.
-
jollyboy[m]
you mean the Japanese are great people?
-
jollyboy[m]
they are not 'thinking' people, but they are very nice (on average)
-
AlmightyA
In general from my experience yes haha, but that business is great people as well.
-
AlmightyA
Very friendly, no hassle, easy to trade with.
-
jollyboy[m]
is everyone here a programmer?
-
AlmightyA
No haha, but many are from what I can gather.
-
AlmightyA
jollyboy[m]: Check PMs
-
AlmightyA
Is there a Monero OTC channel on Libera?
-
ofrnxmr[m]
<AlmightyA> "You can do that easily with..." <- nah
-
ofrnxmr[m]
cake wallet or stack wallet
-
ofrnxmr[m]
<AlmightyA> "Try
simpleswap.io" <- nah
-
ofrnxmr[m]
trocador.app 💯
-
AlmightyA
Simpleswap works perfectly fine, so does coinomi. But like I was saying, consider your threat model.
-
AlmightyA
Haven't used trocador, I'll check that out.
-
AlmightyA
ofrnxmr: What's trocador's fees like?
-
ofrnxmr[m]
trocadoy is a tor and i2p pr9xy aggregator
-
AlmightyA
"All fees are already included in the shown rate. They consist of network transaction fees and exchange fees. This means bigger transactions can have better rates, as the network transaction fees are diluted. You do not pay anything extra for using our service instead of using directly your chosen exchange. We do receive a comission for referring the exchange, but it comes out of the exchange's
-
AlmightyA
fee so it doesn't change your rate."
-
ofrnxmr[m]
you get the best rates, dont interact with the actual swap service, and can use tor/i2p even if the other service doesnt allow it
-
AlmightyA
Pretty vague, I may try them out to see what the percentage settles to be.
-
ofrnxmr[m]
trocador.i2p is the i2p domain
-
ofrnxmr[m]
vague?
-
AlmightyA
Nice, that's cool, good to know!
-
AlmightyA
Thanks for the tip.
-
ofrnxmr[m]
its whatever the cheapest available is
-
ofrnxmr[m]
usually that is exch or fixedfloats 0.5%
-
AlmightyA
Vague, yeah. They could give examples of what the exchanges that they use charge for example.
-
AlmightyA
0.5% is awesome.
-
ofrnxmr[m]
they do
-
ofrnxmr[m]
not my job to go to trocador.app and send u screenshots
-
ofrnxmr[m]
maybe i will tho
-
AlmightyA
I just copied and pasted what's on their site about their fees.
-
AlmightyA
. . .
-
-
ofrnxmr[m]
<AlmightyA> "Simpleswap works perfectly fine,..." <- screw a threar model
-
AlmightyA
Oh shit, cool. I like how this is looking.
-
ofrnxmr[m]
dont use trash
-
AlmightyA
Simpleswap is great if you're using lesser known shitcoins.
-
AlmightyA
Only reason I brought it up.
-
AlmightyA
That, and they don't enforce any KYC, reg, blah blah blah
-
ofrnxmr[m]
cake is best for xmr
-
ofrnxmr[m]
stack is coming together nicely
-
ofrnxmr[m]
unstoppable wallet is a good, foss trust wallet competitor, but no xmr support
-
AlmightyA
I really like cake. Can't wait to see their gift card offerings grow a bit more.
-
AlmightyA
What's stack? Can't say I've heard of it before.
-
AlmightyA
I'm pretty BTC/XMR maxi, so no XMR is a deal breaker for me.
-
ofrnxmr[m]
AlmightyA: Stack Wallet, a Multiwallet by Diego and the CyoherStack team
-
AlmightyA
Cool, thanks. I'll make a note.
-
AlmightyA
Mobile or desktop?
-
AlmightyA
Or both?
-
ofrnxmr[m]
it has support for quite a nice selection of blockchains, and basuc xmr support
-
ofrnxmr[m]
stack is fully in beta
-
ofrnxmr[m]
but has a beta desktop as well
-
AlmightyA
Nice! Have a link handy?
-
AlmightyA
For myself and for the room perusers
-
ofrnxmr[m]
-
AlmightyA
Thanks
-
ofrnxmr[m]
np
-
AlmightyA
You know if Monero Village is gonna make a come back at Def Con?
-
ofrnxmr[m]
AlmightyA: stack DUO is btc/xmr only
-
AlmightyA
Nice, that's what I like haha.
-
ofrnxmr[m]
stack wallet also includes bch, ltc, fire, wow and more
-
ofrnxmr[m]
AlmightyA: changed to somethinf else
-
AlmightyA
WTF is up with the BTC mempool and the BRC-20 shit?! Pretty sure that this is the fattest the BTC mempool has ever been, coming up on half a million txs waiting.
-
ofrnxmr[m]
i dontbthink the fattest
-
ofrnxmr[m]
btc is just broken by desigb
-
AlmightyA
ofrnxmr: That's what I was told, said it was "crypto village," now but they're the cringe edege lords that cry "CRYPTO MEANS CRYPTOGRAPHY!" And they shun any kinda currency talk.
-
ofrnxmr[m]
crypto means copy paster go brrr
-
AlmightyA
BTC is functioning as designed, doing it well, but it's crying for some more L2 solutions so bad. I really enjoy Monero's dynamic block size.
-
AlmightyA
I went to the crypto village and got into some legit arguments with some neck beards.
-
ofrnxmr[m]
please, i cant figure thus out
-
ofrnxmr[m]
functioning as designed - what is bitcoins function
-
AlmightyA
Be back in about 20, gotta run to the store.
-
AlmightyA
It's doing what it's supposed to do, not breaking its own rules haha.
-
ofrnxmr[m]
bitcoin is design to be a pet rock, if im basing it off if what it can do
-
ofrnxmr[m]
both form and function of btc are far from viable for anything buy a pet rock
-
ofrnxmr[m]
but
-
ofrnxmr[m]
> <@ofrnxmr:monero.social> looks like this is what happens between the delay on Loglevel 2... (full message at <
libera.ems.host/_matrix/media/v3/do…6ca3df334e5f53138d7077ff0dd6a772cf7>)
-
ceetee[m]
not smart enough to know what wrong here, sorry
-
ofrnxmr[m]
You are me, after all
-
ceetee[m]
As said in the other room I'd try using another remote node with known good performance. I've used the traitors node before for this
-
ofrnxmr[m]
nobody else is awake, figured we could have a sockpuppet show
-
ceetee[m]
just to rule out that the remote node is the issue
-
ceetee[m]
s/is/isnt/
-
ofrnxmr[m]
Shes fully synced now 🥳
-
DanIsnotthemanBr
-
someoneelse49549
cool, happy to see nym isn't dead
-
DiegoSalazar[m]
AlmightyA I'm here if you have questions about Stack Wallet or Stack Duo.
-
someoneelse49549
<DiegoSalazar[m]> "AlmightyA I'm here if you have..." <- Are there any additional cryptocurrencies planned atm ?
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DiegoSalazar[m]
Ye. Ecash will be in somewhat soon. It's inclusion is because it's a Bitcoin fork and costs us like zero dev time though.
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someoneelse49549
Could we have a graph of the price in the wallet? I like to see the price going up or down directly. Like in Unstoppable Wallet. (except Unstoppable Wallet is really for investement)
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someoneelse49549
s/investement/investment/
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ofrnxmr[m]
i like stack clean.
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ofrnxmr[m]
i use unstoppable wallet too though
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ofrnxmr[m]
Well, i used to. Now im still waiting for them to add xmr so they can be taken seriously
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ofrnxmr[m]
Unstoppable put a lot of work into the markets tab etc.
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ofrnxmr[m]
but i dont feel its onky for investment
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ofrnxmr[m]
The wallet and and the receive pages are some of the best and most functional ive seen
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ofrnxmr[m]
And history* pages
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ofrnxmr[m]
Unstoppable wallet + lws would be a homerun for the small guys. The unstoppabke team is clueless on monero though
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ofrnxmr[m]
almost innocently. They seem to focus on btc forks and evm stuff, but have likely never used monero
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ofrnxmr[m]
Kind of annoying to me that they havent taken monero seriously yet. Seem like good people who actually like privacy but just only know eth and btc
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monerobull[m]
1 TB ssds now go for 40€
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ofrnxmr[m]
bring on the volume
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ofrnxmr[m]
Lemme see 450kb new median
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ofrnxmr[m]
we need like 250k tx/day to get there
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ofrnxmr[m]
Its more of "i cant afford to be wrong". Like they are afraid that monero will absorb the volume and chug along like nothing happened.
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monerobull[m]
It's funny
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monerobull[m]
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monerobull[m]
I worded that so badly
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monerobull[m]
Next time I'll just ask ChatGPT
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nioc
seems clear to me, maybe my brain is wired badly
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jollyboy[m]
best ubuntu wallet for litecoin? (for the purpose of swapping to XMR)
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k4r4b3y[m]
> <@jollyboy:matrix.org> best ubuntu wallet for litecoin? (for the purpose of swapping to XMR)
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k4r4b3y[m]
>
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k4r4b3y[m]
I guess stack wallet had a desktoo client
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RavFX[m]
Litecoin wallet. You can get eletrum-litecoin
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RavFX[m]
jollyboy:
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ofrnxmr[m]
<nioc> "seems clear to me, maybe my..." <- LOL looks perfect to me
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ofrnxmr[m]
Maybe monerobulls head is wired badly
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Guest6979
if you have a bad day, just look around at bitcoin block explorer and you may stumble upon a $0.15 transaction with around $10 fees
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geonic
looking at a bitcoin block explorer always cheers me up
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cryptogrampy[m]
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bridgerton[m]
<morato> lmao
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susman1[m]
Be honest here guys: how good is monero as a mini savings account?
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ofrnxmr[m]
perfect
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ofrnxmr[m]
satoshi can never touch his collectible rocks without alerting the entire workd
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susman1[m]
honestly?
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ofrnxmr[m]
yes
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susman1[m]
in terms of price performance
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susman1[m]
why
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ofrnxmr[m]
its outperformed btc over 8byears
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ofrnxmr[m]
so there goes btc arguement
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ofrnxmr[m]
it outperformed everything in 2022
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ofrnxmr[m]
but its not about price
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ofrnxmr[m]
its about adoption
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ofrnxmr[m]
why save monero? because we wont stop until someone stops us. were not btc
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ofrnxmr[m]
you cant kill off the security layer with a few nfts (not for long anyway)
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susman1[m]
ofrnxmr[m]: how about in comparison to a regular savings account?
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ofrnxmr[m]
idunno, ask svb
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susman1[m]
ofrnxmr[m]: that fizzled into nothingness I hear
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ofrnxmr[m]
send me 10xmr and ill revive her
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ofrnxmr[m]
and clog blockchain with only 2160tx throughput of tx /day
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RavFX[m]
It does not clog it by say, it's per bitcoin design, just pay more fee and it's going to go thru 😂
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ofrnxmr[m]
in other words, dont be a sucker
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ofrnxmr[m]
RavFX[m]: txextra breaks the txpool
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ofrnxmr[m]
def does clog and doesnt clear
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ofrnxmr[m]
blocks dont grow
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ofrnxmr[m]
adding high fee tx, blocks shrink
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ofrnxmr[m]
🥳
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ofrnxmr[m]
arb data storage is seemingly weighed differentky thsn real tx
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RavFX[m]
Just use XMR, it work
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ofrnxmr[m]
if you send consonidations and i send nfts, my nfs confirm first at lower fees
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ofrnxmr[m]
was a rather strange experience
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RavFX[m]
So they have to cancel Taproot :D
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RavFX[m]
Or deal with it
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ofrnxmr[m]
they have to deal with it
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RavFX[m]
In any case they will have to hard fork to fix it right?
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ofrnxmr[m]
it was a soft fork
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ofrnxmr[m]
soft forks are like non-consentual sex to these maxis
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ofrnxmr[m]
to the rest of the world, its known as rape
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ofrnxmr[m]
if i want to exploit btc, btc response it "my asshole was made for this, i guessm
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ofrnxmr[m]
"
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ofrnxmr[m]
its rather pathetic to see so many regular folks brainwashed
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ofrnxmr[m]
like. bro. your fucking current money doesnt do this shit
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ofrnxmr[m]
its completely unreasonable and unacceptable for the "only real crypto" to be 15 years old and unusable
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Rucknium[m]
I think BTC miners could undo the soft fork by mining/allowing blocks that do not conform to the soft fork rules.
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ofrnxmr[m]
but why woukd they
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ofrnxmr[m]
its likely miners who cooperated to make brc 20 so they could recoup their tx fees and also force everyone else to pay more
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Rucknium[m]
If miners though the soft fork was a threat to their long term revenue/profit
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ofrnxmr[m]
otherwise miners are getting al\ (f this extra money.
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ofrnxmr[m]
its either for profit or for profit. i dont see why miners would abandon 2.5btc in fees
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Rucknium[m]
If the purchasing power of 2.5btc falls because of the soft fork. The effect is really hard to forecast, anyway
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ofrnxmr[m]
only 1% of btc has to leave to double xmr price :D. they wont even notice :P
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ofrnxmr[m]
but yeah, fork or not, it doesnt solve the fundamental security budget problem
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ofrnxmr[m]
they fork and get back to 7c per tx
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RavFX[m]
The miners want more money so they want to keep small block and will allow exploit like brc20 of course
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ofrnxmr[m]
btc's tokenomics are simply bad imo.
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ofrnxmr[m]
feels like btc is a failed experiment. saving btc = chsnging it. changing it = admitting btc failed
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ofrnxmr[m]
btc is more about never admitting to being wrong, and dying on that hill, than it cares about any of the things its supposed to function as
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ofrnxmr[m]
its a nice little network POC, but ckearly no intent to ever move to a 1.0
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ofrnxmr[m]
bidding to kick tx out of the pool, when you have max 7tps, is broken
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susman1[m]
I am considering saving a little in XMR
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susman1[m]
but in comparison to regular savings account I feel it is a little more stable, how stable would my XMR savings be over a while bc while it is stable for a crypto it is still somewhat volatile
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ceetee[m]
XMR is known to "crab" which means to ho sideways on the chart. This is partially because we actively discourage hype based marketing, and partially because usage stabilizes price.
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ceetee[m]
Still all crypto is more volatile that a bank account, and there is some risk that you loose money (lost key, some scam, etc). That's why I'd recommend to not invest more that you can loose.
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ceetee[m]
One nice part of Monero compared to other investments (stocks, bonds, gold) is that you can spend it without selling it first. And because its private, nobody can really stop you if you want to buy something with it. For me, it makes it really attractive as an emergency fund
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toralien[m]
<susman1[m]> "I am considering saving a little..." <- i would advise a good mix of eth btc xmr
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toralien[m]
xmr is the thing you gotta rely on to survive though when shit hits the fan
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toralien[m]
always carry around a synced node. invest in that ssd. it pays off
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k4r4b3y[m]
<susman1[m]> "I am considering saving a little..." <- Just do it.
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susman1[m]
> <@toralien:monero.social> i would advise a good mix of eth btc xmr
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susman1[m]
> xmr is the thing you gotta rely on to survive though when shit hits the fan
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susman1[m]
> always carry around a synced node. invest in that ssd. it pays off
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susman1[m]
there any good place to get cheap external storage like USBs and SSDs?
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ceetee[m]
Diversification becomes more important the larger the total invested sum is. But because all cryptos move similar in price, I'd advocate for non-crypto diversification
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toralien[m]
susman1[m]: online marketplaces like amazon, you could try using anonshop for ordering with xmr if you're in the US!
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susman1[m]
toralien[m]: not america
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ceetee[m]
susman1[m]: 1TB M.2 costs about 40€ on sale; a USB to M.2 adapter about 20-30€
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toralien[m]
ceetee[m]: i was advocating for his crypto slice of money since there is also a diff in the future expected mobility and security of the assets
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susman1[m]
ceetee[m]: but where
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susman1[m]
> <@ctrej:matrix.org> XMR is known to "crab" which means to ho sideways on the chart. This is partially because we actively discourage hype based marketing, and partially because usage stabilizes price.... (full message at <
libera.ems.host/_matrix/media/v3/do…491e4be9fe885528d366eb9e304fe458cfc>)
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ceetee[m]
Then monero is a great choice 👍
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jamss[m]
Driving and buying
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ceetee[m]
<susman1[m]> "but where" <- 1TB SSD fot 50€ (for a 40€ deal you need a bit of patience)
ebay.ie/itm/284976078274
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ceetee[m]
I can recommend this case, small and tool-less installation:
amazon.com//dp/B0765D6NJV
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ceetee[m]
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ceetee[m]
* 1TB SSD fot 50€ (for a 40€ deal you need a bit of patience)
ebay.ie/itm/284976078274
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ceetee[m]
I can recommend this case, small and tool-less installation: wrong link
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ceetee[m]
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susman1[m]
> <@ctrej:matrix.org> 1TB SSD fot 50€ (for a 40€ deal you need a bit of patience)
ebay.ie/itm/284976078274
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susman1[m]
> I can recommend this case, small and tool-less installation: wrong link
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susman1[m]
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susman1[m]
yeah but idk about the privacy of these sites tho...
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ceetee[m]
* 1TB SSD fot 50€ (for a 40€ deal you need a bit of patience)
ebay.ie/itm/284976078274
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ceetee[m]
I can recommend this case, small and tool-less installation:
amazon.com//dp/B08RVC6F9Y (edit: correct link now)
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ceetee[m]
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ceetee[m]
Its generic computer parts, not really a huge privacy risk. There is shopinbit.com for EU customers, but a bit more pricey
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ceetee[m]
Just checked, all their SSDs are sata only
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toralien[m]
<susman1[m]> "> <@ctrej:matrix.org> 1TB SSD..." <- ordering SSDs is the most regular thing ever?
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susman1[m]
toralien[m]: wb USBs
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susman1[m]
I mean ill prob go online
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susman1[m]
but just in case what kind of local place would have them
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toralien[m]
i watched a GIRL come into a story recently and be like
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toralien[m]
you got SSDs? ok i want like 4 x 1TB thanks
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toralien[m]
susman1[m]: sir usbs are like buying toothpaste
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susman1[m]
> <@toralien:monero.social> i watched a GIRL come into a story recently and be like
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susman1[m]
> you got SSDs? ok i want like 4 x 1TB thanks
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susman1[m]
?
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toralien[m]
susman1[m]: local tech shop?
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susman1[m]
toralien[m]: ok sir
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susman1[m]
> <@toralien:monero.social> i watched a GIRL come into a story recently and be like
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susman1[m]
> you got SSDs? ok i want like 4 x 1TB thanks
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susman1[m]
i dont understand
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toralien[m]
susman1[m]: to explain that it is normal
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ceetee[m]
Not only sweaty nerds with unkept beards buy SSDs these days 😄
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DanIsnotthemanBr
Fake news you saw a girl and spoke to her
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jamss[m]
I'd talk to a girl buying ssds
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jamss[m]
She up to something good
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susman1[m]
ight bro
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DanIsnotthemanBr
Sus
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jamss[m]
No u
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jamss[m]
I don't want to swap btc with kyc info...that's like giving someone else your kyc record, right
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jamss[m]
?
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jamss[m]
Tucador or whatever is like a blackhole
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toralien[m]
<jamss[m]> "Tucador or whatever is like a..." <- no trocador uses cexes i don't know how internals look but i would suppose i can be traced. use xmr and it can't
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jamss[m]
>use xmr
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jamss[m]
But swapping to xmr from btc means my kycd btc is at the mercy of the cex?
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side-trips[m]
Do xmr homies still advocate hodling btc? I don't understand what purpose btc serves anymore but it seems to still outperform xmr. I'm on a quest to see what strategies/guidelines/advice are most recommended for investing in these coins as a means of escaping usd's rampant inflation. Is mining worth the electric usd necessary? I kinda want to do it just to learn honestly
-
nioc
unless you have cheap elec there is no profit to be made
-
nioc
I also use the heat produced so I will probably stop sometime this month
-
nioc
as far as investing.........shrug
-
nioc
i haz no bitscorn
-
great_taste
.invest
-
great_taste
bitcoin is a great_investment
-
bridgerton[m]
<morato> does someone invest in other things than crypto/monero and still trust in the legacy system? i want to liquidate my positions but still attached to some
-
jamss[m]
There's rare rocks
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jamss[m]
Ticker Au and Ag
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ofrnxmr[m]
Monero
-
Alex|LocalMonero
<side-trips[m]> "Do xmr homies still advocate..." <- I'm sure you've seen the top 10 coins by market cap. It's clear that the market cap has little to do with actual utility. The market mature enough to be in a state where utility is what is valued most.
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Alex|LocalMonero
* The market isn't mature enough
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chaserene
<side-trips[m]> "Do xmr homies still advocate..." <- cryptocurrency is not for "investing". especially monero. it's for making you freer. the "investor" mentality will most of the time ruin you, and all of the time leave the world worse off. as for holding BTC and other top 10 coins, ask yourself how much you want to contribute to global financial surveillance, scams, CBDC, vaporware, vulnerable protocols and centralized exchanges. that will
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chaserene
answer your question.