-
annwyn[m]
Save_G: why not Element/matrix?
-
cockliuser[m]
For encryption?
-
cockliuser[m]
Nah
-
cockliuser[m]
Matrix's encryption is unreliable and generally considered insecure because they love transmitting metadata
-
annwyn[m]
cockliuser: doesn't Matrix support PGP?
-
annwyn[m]
* cockliuser: doesn't Matrix support PGP?
-
annwyn[m]
Ah, confused it with Conversations/xmpp
-
k4r4b3y[m]1
matrix uses the tech quite similar to that of signal messenger
-
k4r4b3y[m]1
the problem is metadata
-
k4r4b3y[m]1
<annwyn[m]> "cockliuser: doesn't Matrix..." <- > <@annwyn:matrix.org> cockliuser: doesn't Matrix support PGP?
-
k4r4b3y[m]1
> Ah, confused it with Conversations/xmpp
-
k4r4b3y[m]1
what matrix uses is (double ratchet etc.) much better than pgp. With matrix/signal you get forward privacy in the event some decryption keys get compromised. With gpg, you got one key and if it gets compromised your whole chat history can be decrypted.
-
Nebraskka
the difference is: signal shares it voluntarily, while self-hosted matrix requires a whole server to be seized
-
k4r4b3y[m]1
signal shares "what" voluntarily?
-
Nebraskka
discussion here implies signal is vulnerable to metadata leaks
-
Nebraskka
of who-when messages who
-
Nebraskka
and possibly IPs
-
cockliuser[m]
Nebraskka: Signal is not vulnerable to most metadata leaks because the client is built to prevent any metadata leak
-
cockliuser[m]
You can also run your own Signal server, but that isn't needed for most threat models because their encryption schemes are secure enough to prevent metadata leaks
-
cockliuser[m]
Matrix on the other hand, just doesn't care
-
cockliuser[m]
There was an issue where even if you ran your Matrix server, it still phoned home
-
cockliuser[m]
* doesn't care (about metadata)
-
k4r4b3y[m]1
cockliuser[m]: > <@cockliuser:matrix.org> Matrix on the other hand, just doesn't care (about metadata)
-
k4r4b3y[m]1
more like, matrix by design uses a lot of metadata events for its messaging stuff.
-
Nebraskka
any github issue related? because you control it's behavior in configuration, so no calls happens anywhere but where you configure it to
-
k4r4b3y[m]1
cockliuser[m]: > <@cockliuser:matrix.org> There was an issue where even if you ran your Matrix server, it still phoned home
-
k4r4b3y[m]1
I am running one, and in its config files, I tried to shut off any and all phoneing-home events. But god knows what it is doing..
-
cockliuser[m]
<Nebraskka> "any github issue related..." <- Many github issues but I found this link that sums most of them up
-
cockliuser[m]
-
Nebraskka
what exactly is being mentioned as "metadata issue" regarding matrix? usually it's about who-when contact who, and matrix has advantages on that
-
Nebraskka
thanks, thought afaik it was an overall protocol reference docs and it's dns is unresolvable at the moment
-
jollyboy[m]
recommendations for email provider - not 14 eyes country?
-
jollyboy[m]
any ideas?
-
jollyboy[m]
tutanota is good...but 14 eyes
-
DanIsnotthemanBr
doesnt really matter if its zero knowledge encryption. But if your sending an email without pgp doesnt matter where it is cause it can be read
-
DanIsnotthemanBr
-
DanIsnotthemanBr
Many privacy oriented services like to pretend that the physical location of their services exempts them from falling into the nets of the global surveillance apparatus. One commonly cited case of a “Fourteen Eyes Free Zone” is the small nation of Switzerland.
-
DanIsnotthemanBr
Despite claiming that data hosted in Switzerland is more secure as the country is outside of the 14 Eyes (which is technically true as Switzerland does not belong to the 14 Eyes agreement), the Swiss Federal Intelligence Service (NDB) does monitor the communication of non-Swiss persons, just like any other secret service.
-
jollyboy[m]
Dan (Is not the man & Braxman Tomsparks Advocate): good link, I'll have a read
-
Atque
Buying monero has became a massive pain in .au. Anyone across an easier way?
-
jollyboy[m]
Atque, what methods have you tried?
-
jollyboy[m]
I'm in the same boat
-
jollyboy[m]
currently getting ready to try localmonero
-
jollyboy[m]
its either that, or buying a spyware coin and swapping it to Monero
-
jollyboy[m]
that's how I see it
-
DanIsnotthemanBr
aus?
-
DanIsnotthemanBr
use local monero
-
Atque
DanIsnotthemanBr: ty
-
-
k4r4b3y[m]1
jannies are asleep post rare justins?
-
ceetee[m]
<kyclol[m]> "image.png" <- psyop
-
ceetee[m]
lemme guess, I am supposed to use elite wallet?
-
jollyboy[m]
kyclol: VERY interesting
-
jollyboy[m]
tell us more
-
jollyboy[m]
If someone buys from kraken and sells at localmonero, is the coin still vulnerable to EAE attacks
-
jollyboy[m]
mind you, I don't really understand what an EAE attack is
-
k4r4b3y[m]1
jollyboy[m]: > <@jollyboy:matrix.org> mind you, I don't really understand what an EAE attack is
-
k4r4b3y[m]1
start here
-
ofrnxmr[m]
<Save_G[m]> "how does this data base thing..." <- Snapshots
-
xfedex[m]
giusep11: This chat is English-only. If you wish to speak in Italian, please join #monero-italia:monero.social
-
susman1[m]
is there a UK monero group?
-
ofrnxmr[m]
Hm?
-
ofrnxmr[m]
Please reword the question
-
giusep11[m]
how to start i downloaded the gui wallet in advanced mode now it's downloading the blockchain for me
-
giusep11[m]
I had a basic wallet and I entered unmineable but I didn't trust it and I redid the wallet but it's slow
-
ofrnxmr[m]
so you do NOT want to download the blockchain (run a node)? or you do?
-
ofrnxmr[m]
If not, youll need to switch from "local node" mode to a "remote node"
-
giusep11[m]
I was interested in mining and therefore I need the wallet
-
giusep11[m]
is this file needed? XMRig miner?
-
ofrnxmr[m]
Yes
-
ofrnxmr[m]
Xmrig is the best foss mining software for monero
-
ofrnxmr[m]
you dont have to run a node to use a wallet. Just need to use a TRUSTED node
-
ofrnxmr[m]
Running a node helps the network, but so does mining. So each his own. Or both.
-
jollyboy[m]
buy monero on kucoin exchange? good idea?
-
jollyboy[m]
I'm thinking buying from an exchange in a 'non-western' country is preferable, because our data is not as meaningful to them
-
ofrnxmr[m]
You cant kyc on kucoin as an american
-
jollyboy[m]
does that mean you cant signup?
-
ofrnxmr[m]
Usually its better to ask questions than to offer solutions to problems that we dont know about
-
ofrnxmr[m]
Xyproblem.info
-
ofrnxmr[m]
You can trade crypto to crypto on kucoin
-
ofrnxmr[m]
You can also trade crypto to crypto on tradeogre
-
ofrnxmr[m]
You can also swap crypto to crypto on many swap sites/services (such as trocador.app)
-
jollyboy[m]
thanks
-
ofrnxmr[m]
But perhaps none of these reach your goal - which is still unknown at this time
-
jollyboy[m]
my goal is to stack Monero
-
k4r4b3y[m]1
jollyboy[m]: Based
-
k4r4b3y[m]1
18.7 is suicide stack
-
jollyboy[m]
from the comfort of my own home, preferably
-
ofrnxmr[m]
jollyboy[m]: That is very vague
-
jollyboy[m]
kucoin is either in Hong Kong or Seychellas (cant figure out which)
-
ofrnxmr[m]
Or america
-
jollyboy[m]
it might be based in USA?
-
ofrnxmr[m]
unless you believe what noncompliant exachanges tell you
-
ofrnxmr[m]
Could be in north korea. Cmon now
-
jollyboy[m]
Im just thinking, western KYC laws wouldnt apply right, if it was hong kong or seychellas
-
ofrnxmr[m]
lol
-
ofrnxmr[m]
No
-
ofrnxmr[m]
Youre thinking "kucoin is a regulated entity that is obviousky telling me the truth about their HQ location"
-
ofrnxmr[m]
And forning opinions around such a wild assumption
-
ofrnxmr[m]
Xyproblem.info
-
jollyboy[m]
xy problem..but to find a solution you need to ask people about each solution
-
ofrnxmr[m]
ofrnxmr[m]: Lol. Imagine giving kucoin your id lmao
-
ofrnxmr[m]
jollyboy[m]: Did u read
-
ofrnxmr[m]
Cuz thats not what it says
-
jollyboy[m]
it says, tell people about the problem, not your proposed solution
-
ShaneonConduitrs
BTC going down, XMR going up.. the stable coinnnnn
-
ofrnxmr[m]
Precisely
-
jollyboy[m]
giving ID to kucoin....what would be so bad?
-
jollyboy[m]
or giving it to kraken?
-
jollyboy[m]
can you tell me, without joking, what is so bad about that?
-
ofrnxmr[m]
The problem is?
-
ofrnxmr[m]
Again with your solutions
-
jollyboy[m]
you said "Imagine giving kucoin your id lmao"
-
jollyboy[m]
indicating giving them your id is a bad idea, right...
-
jollyboy[m]
(any sorry for going on about this silly stuff)
-
ofrnxmr[m]
"how can i use coinbase to self custody xmr using a webwallet"
-
ofrnxmr[m]
Is not a question
-
ofrnxmr[m]
jollyboy[m]: Mhm
-
ofrnxmr[m]
And you want to take the long route
-
ofrnxmr[m]
Eliminating each of your sokutions 1 by 1 before you do what step 1 should be
-
ofrnxmr[m]
Xyproblem.info
-
ofrnxmr[m]
You expkained your goal. It was too vague
-
ofrnxmr[m]
You want to stack xmr at home? Any and everyway you acquire xmr will accomplish that
-
jollyboy[m]
problem definition:
-
jollyboy[m]
scared of KYC, want to obtain Monero
-
ofrnxmr[m]
Localmonero
-
jollyboy[m]
I'm trying that at the moment
-
ofrnxmr[m]
Finish trying lol
-
jollyboy[m]
some people deny you based on country though
-
ofrnxmr[m]
I mean
-
ofrnxmr[m]
complete the try
-
jollyboy[m]
I need to go to a cash changer to make the payment
-
jollyboy[m]
so its not from the comfort of my own home
-
jollyboy[m]
which is fine
-
ofrnxmr[m]
why would you have to do that
-
ofrnxmr[m]
Unless YOU decide thats how YOU decided you want to pay
-
jollyboy[m]
one guy denied credit card payment based on my country, he said 'I have no way to explain to my card processor, a payment from your country'
-
jollyboy[m]
you see its not all so 'cut and dry'
-
ofrnxmr[m]
Youre "buying" xmr using debt
-
ofrnxmr[m]
And complaing about kyc?
-
jollyboy[m]
the meaning of your statements isn't clear, I can only guess what you mean
-
ofrnxmr[m]
your card know who you are and youre not even paying for the xmr - visa is loaning you money
-
ofrnxmr[m]
Might as well use kraken
-
jollyboy[m]
there not loaning me, it gets taken from my account
-
ofrnxmr[m]
Credit? Is a loan
-
jollyboy[m]
kraken - you purchase data will remain with a USA company, forever
-
ofrnxmr[m]
Visa doesnt settle instantly either and csn be revoked
-
jollyboy[m]
thats what I dont like
-
ofrnxmr[m]
And credit wont, lmao?
-
jollyboy[m]
anyway, Im not taking out a loan
-
jollyboy[m]
credit card doesnt know the nature of the transaction
-
jollyboy[m]
kraken and others do
-
jollyboy[m]
anyway, how many Monero users buy from american exchanges do you think?
-
ofrnxmr[m]
jollyboy[m]: Lol
-
jollyboy[m]
your 'laughing your ass off' alot, haha
-
ofrnxmr[m]
jollyboy[m]: Most of them
-
jollyboy[m]
yeah...
-
ofrnxmr[m]
Either directly or by buying litecoin etc and swapping for xmr which usually comes from binance
-
jollyboy[m]
interesting
-
jollyboy[m]
that is very precise information. so it seems certain exchanges do certain swaps
-
ofrnxmr[m]
Not really. What interesting is that someone afraid of kyc would like to mix no-kyc with credit
-
ofrnxmr[m]
No
-
ofrnxmr[m]
Onky certain exchanges HAVE xmr
-
ofrnxmr[m]
So when a swap service needs xmr, they get it from whoever has liquidity
-
jollyboy[m]
if 'da gabament' has a crypto crackdown, they can go to the exchanges and say 'who bought da coins?'
-
jollyboy[m]
but if you buy localmonero via visa, the trail is very different
-
jollyboy[m]
am I wrong?
-
ofrnxmr[m]
Yes
-
jollyboy[m]
so tell me all about it
-
ofrnxmr[m]
Who is setup to accept credit card payments?
-
ofrnxmr[m]
And sell xmr while doing so?
-
ofrnxmr[m]
Regulated businesses. Duh
-
jollyboy[m]
theres a few on localmonero, it seems
-
ofrnxmr[m]
Mhm
-
jollyboy[m]
but the paper trail is so different
-
ofrnxmr[m]
And you think the gabanment doesnt know they SELL CRYPTO
-
jollyboy[m]
I dont know
-
ofrnxmr[m]
When their registered business is a crypto sales business?
-
ofrnxmr[m]
No kyc = no kyc
-
jollyboy[m]
Im just saying to find those transactions....they would have to get data from visa
-
jollyboy[m]
and go that route
-
jollyboy[m]
and exchange would just give them 10GB of data in JSON
-
ofrnxmr[m]
I dunno wth pissed in "lemonade" youre trying to drink... but thats a cup-o-piss now
-
rbrunner
In your scenario, what would that crypto-cracking-down government do to you after they found out you bought XMR at one time in the past?
-
ofrnxmr[m]
Lols, like evert credit seller on LM
-
jollyboy[m]
hahaha
-
jollyboy[m]
yes but what crypto did they buy
-
jollyboy[m]
whats the transaction ID
-
ofrnxmr[m]
No kyc = no kyc
-
ofrnxmr[m]
not "theyll never know. Who's gonna know?" Sprinkle a little kyc and then go buy from a honeypot
-
jollyboy[m]
etc etc, visa purchase aint got all that metadeta
-
ofrnxmr[m]
jollyboy[m]: If youre afraid of buying xmr 💀
-
jollyboy[m]
you telling me Ive got to meet someone at the airport to get your 'pure no-kyc'?
-
ofrnxmr[m]
Id never tell these fools "i bought doge". Wa am i, getting scammed?
-
smokyrobinson
Naruto Uzumaki visits Monterrey and meets Governor Samuel Garcia and starts a romantic escapade with him. Naruto was feeling restless as he wandered through the streets of Monterrey, Mexico. As he walked, he stumbled upon a seedy bar called "El Coño Rojo," which loosely translates to "The Red Pussy." Naruto was intrigued and decided to check it out.
justpaste.it/Naruto_Makes_Love_Samuel_Ga
-
ofrnxmr[m]
Nah. I buy xmrx bcuz its bettrr than visa #stepyourgameupvisa
-
jollyboy[m]
sprinkle a little kyc...
-
smokyrobinson
rcia
-
smokyrobinson
Naruto Uzumaki visits Monterrey and meets Governor Samuel Garcia and starts a romantic escapade with him.
justpaste.it/Naruto_Makes_Love_Samuel_Garcia
-
ofrnxmr[m]
Brooooooooo
-
ofrnxmr[m]
Naruto sucks
-
ofrnxmr[m]
plowsof @plowsof:matrix.org: please kick this tasteless asshole
-
ofrnxmr[m]
Yes
-
jollyboy[m]
must be a bot?
-
jollyboy[m]
mathew kratter trader university - wanna buy bitcoinc anonymously - go to the airport
-
jollyboy[m]
serisouly laughed so much
-
jollyboy[m]
when I saw that
-
ofrnxmr[m]
Yeah lol
-
ofrnxmr[m]
Me? I just empty kraken reserves
-
jollyboy[m]
you use kraken?
-
jollyboy[m]
(Im considering it)
-
rbrunner
Well, quite in general, how many things can you still do fully anonymously without problems in today's world?
-
ofrnxmr[m]
Not everyone CAN kyc, but someones gotta keep buying pressure on them
-
jollyboy[m]
what do you mean buying pressure?
-
ofrnxmr[m]
I mean, if we never buy on exchanges, who is?
-
ofrnxmr[m]
If there is no buy orders, the price can freefall
-
jollyboy[m]
so if no one sells/buys on exchanges, XMR price will fall?
-
ofrnxmr[m]
Right
-
ofrnxmr[m]
Because we spend it > store sells it on binance
-
ofrnxmr[m]
when storr sells, no buyers = price drop
-
ofrnxmr[m]
Ive always been surprised at just how bad monero users are at trading stocks
-
jollyboy[m]
someone needs to teach you
-
jollyboy[m]
like all things in life
-
ofrnxmr[m]
Example.. do you remember gamestop?
-
rbrunner
Where would you know from how Monero users trde stock?
-
jollyboy[m]
I remembering hearing about it
-
ofrnxmr[m]
The wallstreetbets short squeeze?
-
ofrnxmr[m]
from trading monero Lol
-
ofrnxmr[m]
Of
-
ofrnxmr[m]
Oh*, how they trade stock --
-
ofrnxmr[m]
Because monero is adversarial. Monero traders, if they were good at it, would be able to squeeze binance
-
ofrnxmr[m]
Instead we have moneruns and nobody calling out the stupidity
-
ofrnxmr[m]
Meaning nobody understands, or anybody that does is trading against xmr
-
ofrnxmr[m]
Monero viral adoption similar to gamestop, shoukd be easier than gamestop
-
ofrnxmr[m]
And actually accomplish what gamestop shilled
-
rbrunner
You speak in riddles for me ...
-
rbrunner
Gamestop was a singular event, mostly a black swan event. Don't you put too much into that?
-
ofrnxmr[m]
No
-
ofrnxmr[m]
If gme was xmr it would have never stopped
-
ofrnxmr[m]
the rules of gme are "how to perform a short squeeze"
-
ofrnxmr[m]
Monerun cant even do something as simple as look at the gme playbook
-
rbrunner
How to perform a *successful* short squeeze. Such are very far between.
-
ofrnxmr[m]
You cant just withdraw. You need to set sell orders
-
ofrnxmr[m]
Because they need to cover their shorts
-
ofrnxmr[m]
And you cant just market buy and then leave
-
ofrnxmr[m]
Without limit orders, price is allowed to freefall
-
ofrnxmr[m]
So if youre binance, you can papertrade xmr right back down to levels where monerun people are in the red. There are no real buy orders stopping you
-
ofrnxmr[m]
Thats what is known as a wall
-
ofrnxmr[m]
You need to set walls and FORCE binance to sell xmr to you at a loss. But lack of traders means binance barely has to sell any xmr to push the price down
-
ofrnxmr[m]
Unlike other crypto, monero DOES have some nice unique qualities.
-
ofrnxmr[m]
when it gets slapped down on an empty orderbook, people show up and buy the dip
-
ofrnxmr[m]
And xmr tends to recover very fast due to actual peoply waiting for a dip
-
ofrnxmr[m]
but yeah. Gme was a flash in thr pan because its basically a shitcoin
-
rbrunner
Not sure what you mean. BTC at USD 10,000 would also get a hell of a lot of "actual people" buying the dip, no?
-
ofrnxmr[m]
no
-
ofrnxmr[m]
Btc "actual" users are a tiny fraction of the volume
-
ofrnxmr[m]
And bts has a lot of walls made by big money
-
ofrnxmr[m]
Do people buy thr dip? Of course
-
ofrnxmr[m]
but those people were already on echange
-
ofrnxmr[m]
And had most of their buy orders already blown through
-
ofrnxmr[m]
Xmr orderbook = empty > volume shows up
-
ofrnxmr[m]
btc orderbook = full > rugged > using leftover cash to reenter positions or buy the dip
-
rbrunner
What did you mean earlier with "squeeze binance". If Monero traders were able to successfully do that, what would happen? Who would profit, in which way?
-
ofrnxmr[m]
Those wallstreet bets guys would be far better off if they knew about monero instead
-
k4r4b3y[m]1
"Shill, shill, shill.. Your were born to shill."
-
ceetee[m]
<ofrnxmr[m]> "You need to set walls and..." <- Unfortunately it is stupid for a low volume trader to do this; if the wall is broken it only means you have overpaid for your XMR.
-
ofrnxmr[m]
Its even more stupid to TELL binance ahead of time to remove their sell walls
-
ofrnxmr[m]
Then market slap a buu
-
ofrnxmr[m]
Then run away with your overpriced xmr thinking you accomokished something
-
ofrnxmr[m]
While binance proceeds to sell xmr right back down
-
k4r4b3y[m]1
ofrnxmr[m]: "imma monero extremist..in da lab likea chemist."
-
ofrnxmr[m]
If im binance, im looking forward to monerun
-
ofrnxmr[m]
Going to sell a few thousand xmr at a higher price than normall? Cool
-
ofrnxmr[m]
Ill buy back next week at a 15% dip
-
side-trips[m]
<ofrnxmr[m]> "Because monero is adversarial..." <- I'm inspired and greatly wish to become a good monero trader who understands
-
side-trips[m]
Please shill and force learning material towards my direction; are you advising us to stop taking part in monerun? or do away with it altogether?
-
ofrnxmr[m]
Monerun needs to look at gamestop and follow what they did
-
ofrnxmr[m]
Monerun as it is, benefits the exchange
-
ofrnxmr[m]
As ceetee said, we dont have enough buying pressure to empty the reserves or to even create solid walls
-
ofrnxmr[m]
The intent should be to empty orderbooks and replace them with 5k sells
-
ceetee[m]
its really hard to understand the dynamics, its not intuitive, at least not for me
-
ofrnxmr[m]
yeah. Thats why WSB was good
-
ofrnxmr[m]
They got a lot of people who dont understand, to just follow some simple steps
-
ofrnxmr[m]
And watch it snowball
-
k4r4b3y[m]1
Trust the plan.
-
k4r4b3y[m]1
ofrnxmr[m]: Isn't this what the ngu-klique also achieved over at the btcland?
-
rbrunner
"5k sells". Please elaborate.
-
k4r4b3y[m]1
"Just stack sats bro. Don't think.."
-
ofrnxmr[m]
rbrunner: Limit sell xmr @5k so the orderbook shows real liquidity
-
rbrunner
I offer some XMR for some equivalent of USD 5000?
-
ofrnxmr[m]
yup
-
rbrunner
And that's more than plain nonsense that everybody will just plainly ignore?
-
ofrnxmr[m]
(or any high enough number that whoever is shorting cant buy back)
-
ofrnxmr[m]
No, thats setting the weight of the liquidity on the orderbook
-
ceetee[m]
Thinking about it, the problem is that binance can just close withdrawals and wait for the market to cool down. Their short position does not have any interest associated with it
-
ceetee[m]
* any interest rate associated with
-
ofrnxmr[m]
exactly. Just like with gme.
-
ofrnxmr[m]
problem os. Xmr is xmr. They have to hand it over eventually. And they cant sell xmr they dont have
-
ofrnxmr[m]
So if they are paper selling xmr and letting me set limits at 5k, but nobody can accquire kiquidity from them
-
ofrnxmr[m]
= short squeeze accompkished
-
ofrnxmr[m]
Time to close the next exchange too
-
rbrunner
And what's preventing this? Not enough people with the required trading knowledge?
-
ofrnxmr[m]
Fixedfloat cant get xmr from binance - needs to go to kucoin
-
ofrnxmr[m]
Kucoin prices are higher because mkre vokume and less kiquidity
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ofrnxmr[m]
Once kucoin fucks around or runs out, kraken get hit
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ofrnxmr[m]
rbrunner: Yeah
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rbrunner
Interesting theory.
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k4r4b3y[m]1
ofrnxmr[m]: Really, that simple?
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ofrnxmr[m]
And i think a bit of misdirection where xmr people are active\y told to avoid trading it
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ofrnxmr[m]
Xmr as an asset has outoerformed a lot of things
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rbrunner
"If something looks too good, it usually is". Only the lack of some trading knowledge is between us and taking down Binance, yeah right.
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ofrnxmr[m]
Tell that to gme
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k4r4b3y[m]1
ofrnxmr[m]: This message needs to reach to a broader audience. Out of this chat room
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rbrunner
Yeah, and why don't we have a repeat of GME once every month?
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ofrnxmr[m]
because we dont talk to wsb peopke
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k4r4b3y[m]1
Normie cattle easily distracted would be my guess
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rbrunner
If your views conflict with reality, reality wins.
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ofrnxmr[m]
And have an aura that trading is taboo or something
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ofrnxmr[m]
Wbs is all abiut NGU to crush shorts
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ofrnxmr[m]
Xmr is like "eww"
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ceetee[m]
ofrnxmr[m]: > <@ofrnxmr:monero.social> exactly. Just like with gme.
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ceetee[m]
>
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ceetee[m]
> problem os. Xmr is xmr. They have to hand it over eventually. And they cant sell xmr they dont have
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ceetee[m]
how long is "eventually"? I think they can easily sit it out for 2 weeks, maybe 4, without looking like they are insolvent. That's plenty of time for markets to cool down
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ofrnxmr[m]
Gme went on for months before the bankers couldnt squirm anymore
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k4r4b3y[m]1
ofrnxmr[m]: We do have that. Another taboo we have is, "Don't buy Monero." or, "Monero is not an investment." Both of which are outrageously stupid. Causes us to shoot ourselves on our foot.
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ofrnxmr[m]
Example
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ofrnxmr[m]
Gme trading was disabled on ibkr
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ofrnxmr[m]
Options positions rules were chsnges to sell only and shit
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ofrnxmr[m]
Do i want people trading xmr? Not any longer than it takes binance etc to learn their lesson financially
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ceetee[m]
k4r4b3y[m]1: Its a balance. XMRs value proposition comes from the fact that is is used as a currency. This hard backlash against moonbois gives it some legitimacy to new users imho
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k4r4b3y[m]1
ceetee[m]: A currency can also be hoarded. Monero is also a store of value. We shouldn't shy away from that proposition. Shows others a weakness of ours.
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ofrnxmr[m]
The trick though, is if moonbois get xmr - theyll hold the first usabke crypto or stock theyve ever had
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ofrnxmr[m]
And might just fackin use it!
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k4r4b3y[m]1
Doesn't matter if this proposition is truthful or not. What matters is saying "monero is not a storr of value" is an admission of weakness.
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ofrnxmr[m]
becsuse there is no reason to sell xmr
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k4r4b3y[m]1
ofrnxmr[m]: Yes. People should hoard Monero and use it for products and services.
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ceetee[m]
If you want to face binance, you have to frame it as a fight against unjust banks - f them over and detach yourself from the banking sector in one go
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side-trips[m]
ceetee[m]: our current global situation is an excellent env for this tho, right?
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ceetee[m]
k4r4b3y[m]1: I like to recommend people a "f it" fund in XMR that can pay for food and shelter for a month or two
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ceetee[m]
people currently dont have the spare cash to gamble. Also plenty of people lost some GME and will be hesitant to try again
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ceetee[m]
In the end it was not those who set their sell at 5k, but those who sold to the newcomers at 300
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ceetee[m]
as usual only retails gets fcked
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k4r4b3y[m]1
I agree. But when people have the cash again, they should see XMR as a store of value, in addition to other functions of money as according to Aristotle.
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k4r4b3y[m]1
One thing I go apeshit everytime I hear certain btc'ers say is this: "monero is interesting from a medium of exchange perspective. But not from a store of value one."
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k4r4b3y[m]1
This motherfuckers think that a transparent ledger can store any value away from the violent coercion of govt mafie.
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k4r4b3y[m]1
Mafia*
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ofrnxmr[m]
ceetee[m]: Right, but in xmr its different - becauae its not JUST ngu
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ofrnxmr[m]
Its viral adoption
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ceetee[m]
k4r4b3y[m]1: their block reward is like piling more and more gold in a bank, while reducing the amounts of guards each time. Of cause it will implode eventually...
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ceetee[m]
for viral adoption there ate too few places where you can spend it yet
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ofrnxmr[m]
6.25 btc per block lol
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ofrnxmr[m]
Imagine if btc went to 1m
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ofrnxmr[m]
What the difficukty woukd have to be to justify paying out such money
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ofrnxmr[m]
ceetee[m]: Not with a wsb-like run
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ceetee[m]
speculative
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ofrnxmr[m]
Gme only has one marketing angle
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ofrnxmr[m]
"Buy because fk wallstreet "
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ofrnxmr[m]
Thats jist a trojan horse for xmrs real qualities for retail investors
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ceetee[m]
crypto in general is dismissed by the general population because there sooooo many scams
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ofrnxmr[m]
Exactttlyyy
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ceetee[m]
I dont think we could reach critical mass without the normie's who only see the scams
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ofrnxmr[m]
Viral xmr is like "i slipped, fell, and landed on the only non-scam?"
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ofrnxmr[m]
Perople accept doge and shiba becuse of viral nonsense
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side-trips[m]
I have nightmares of finding out cake wallet is a scam
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ofrnxmr[m]
Yes. Cake wallet is really a vampire
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ofrnxmr[m]
Or does magical things
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ofrnxmr[m]
Not sure how the monero code can be a scam
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ofrnxmr[m]
Or do you mean some feature of cake?
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r4v3r23[m]
ofrnxmr[m]: you mean the default connection to their servers?
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side-trips[m]
nightmares are hard to describe but yall are making me think I'm about to have alot more of em
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ofrnxmr[m]
r4v3r23[m]: He said scam
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r4v3r23[m]
garbage either way
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ofrnxmr[m]
Stack, feather, monerujo, all make default connections
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r4v3r23[m]
you know what im talking about
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ofrnxmr[m]
And up until a year ago, all wallets made default connections
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r4v3r23[m]
dont down play it
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ofrnxmr[m]
Cakes default connection are to their node and the fiat api btw
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ofrnxmr[m]
Playbwhay down? Feather does the same
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ofrnxmr[m]
Except to 8 nodes and then third party services
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ofrnxmr[m]
Stack does the same, to their own node
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ofrnxmr[m]
And technically local nodes for gui even make defaut connections to seed nodes and dns
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side-trips[m]
I been lurking this chat like 2 weeks tops, and i'm pretty sure ofrn is satoshi
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ofrnxmr[m]
Not sure how im downpkaying it, when im the one who opened the issue
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ofrnxmr[m]
im not dr craig wright 😂
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r4v3r23[m]
ofrnxmr[m]: then you know its not making the same connections as monerujo
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ofrnxmr[m]
ofrnxmr[m]: and caused a storm about it when they didnt allow users to disable it
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ofrnxmr[m]
Monerujo doesnt show fiat values
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ofrnxmr[m]
?
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ofrnxmr[m]
Feather
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ofrnxmr[m]
Default
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ofrnxmr[m]
Stack
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ofrnxmr[m]
default
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r4v3r23[m]
k
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r4v3r23[m]
care to show me where feather shares metadata with their central server, even when using own node?
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ofrnxmr[m]
If you run in default mlde, feather makes a bunch of externsk connections to third party servifes
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ofrnxmr[m]
Cake offers an onion for the fiat api - i cant say the same for any other fiat api
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ofrnxmr[m]
Everyone else is pulling from kraken or coingecko
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r4v3r23[m]
ofrnxmr[m]: cetnral server, please
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r4v3r23[m]
s/cetnral/central/
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ofrnxmr[m]
Coingecko and kraken arent central servers?
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ofrnxmr[m]
Or are you asking "does tobtoht run a fiat api"
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ofrnxmr[m]
And the answer is, no, he doesnt
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r4v3r23[m]
are they FEATHERS central servers?
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ofrnxmr[m]
he relies on someone elses
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r4v3r23[m]
so no
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ofrnxmr[m]
So if feather feather uses cakes fiat api, then what?
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ofrnxmr[m]
s/feather//
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ofrnxmr[m]
all of a sudden its not central?
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ofrnxmr[m]
Do you know what an oracle is?
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ofrnxmr[m]
a price oracle*
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ofrnxmr[m]
If youre using a fiat api, you are relying on a price oracle to feed you good data from somewhere
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r4v3r23[m]
i know shady shit when i see it
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ofrnxmr[m]
Its nice to just plug in coingecko. But why would you trust coingecko if their orices often diverge from exchsnges?
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ofrnxmr[m]
And coingecko has shitty proposaks to try to have prefered treatement on germonero.org
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r4v3r23[m]
👍️
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ofrnxmr[m]
Its ok to feed them price data xmr/usd at xyz time, but using cakes onion is a nono
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ofrnxmr[m]
I run with fiat apis off anyway
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ofrnxmr[m]
Hence my issue and the reason stack allows you to disable it
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k4r4b3y[m]1
ofrnxmr[m]: Is this a dogwhistle for chainlank talk?
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ofrnxmr[m]
No, its about price data all comes from somebodies central server
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ofrnxmr[m]
Whether that be xauxag or usdxag or xagxmr
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ofrnxmr[m]
You either need multiple apis to reach all markets, or you need to create an oracle that tracks multiple markets
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ofrnxmr[m]
on locakmonero, you can set a sell price as
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ofrnxmr[m]
max(coingeckoxmrusd,krakenxmrusdbid)
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ofrnxmr[m]
Why would anyone do this? Because prices arent the same everywhere. Coingecko telling you your balance might vary greatly from whatever is actually trading on a certain exchange
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ajs_[m]
monerokon meeting in 10 minutes in #monero-events:monero.social
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riceandbeans
Is there a way to make loading the wallet faster?
-
riceandbeans
It's been about an hour, wallet still isn't open
-
riceandbeans
Height 2561684 / 2885102
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riceandbeans
To be fair, I haven't opened the wallet in probably a year
-
riceandbeans
But monerod HAS been running the entire time
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riceandbeans
I just didn't use the wallet cli till just now
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nioc
wallet is open and you are waiting for it to sync
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nioc
no idea how long syncing a year's worth of txs takes
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nioc
an hr sounds like a long time
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nioc
but then I use a super computer
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nioc
not a pi
-
riceandbeans
25638 monero 31 52 0 73G 3173M uwait 1 17.5H 7.51% monerod
-
riceandbeans
Damn, monerod must be leaking like crazy
-
riceandbeans
Anyways, it's a 2 core SkyLake
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nioc
I had a 2 core without AES and it was slow
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riceandbeans
oh yeah def no AES
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nioc
wallet sync was recently improved but I think only for txs after the date of the improvement
-
Wallet
nioc: ≈$0.0054 • ≈ value of: 1 SYNC • Source: cmc/ccc/altm
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nioc
^^ look at me, imma rich lol
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nioc
*only for blocks after
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riceandbeans
Ouch.
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nioc
just synced 7k blocks which took ~10 seconds
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nioc
so on this modern comp a years worth of blocks should take a few minutes
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k4r4b3y[m]1
Impressive. Very nice.
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housemate
hello which is a good choice of remote to use?
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k4r4b3y[m]1
Just use feather wallet on desktop and monerujo on android.
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housemate
okay thanks.
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selsta
19:32 <riceandbeans> But monerod HAS been running the entire time <-- monerod can't sync wallets on its own
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cockliuser[m]
<housemate> "hello which is a good choice..." <- remote node?
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cockliuser[m]
you can try using monero.fail to find one
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housemate
okay, thanks
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Save_G[m]
<ofrnxmr[m]> "Snapshots" <- explain please
-
ShaneonConduitrs
I need a payment gate solution for monero that can be implemented in an online shop
-
monerobull[m]
hello, are you using wordpress?
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ShaneonConduitrs
monerobull[m]: No idea what they are using
-
ShaneonConduitrs
seems to be a custom website with comgate
-
ShaneonConduitrs
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ShaneonConduitrs
well custom website made from some template
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ShaneonConduitrs
static pages
-
ShaneonConduitrs
-
monerobull[m]
trocador payment gateway?
-
ShaneonConduitrs
hmmm dunno
-
ShaneonConduitrs
They don't seem to like self-hosting
-
ShaneonConduitrs
-
ShaneonConduitrs
bcs they probably want to be paid in FIAT
-
hate[m]
<ShaneonConduitrs> "I need a payment gate solution..." <- btcpayserver