<s​hortwavesurfer2009:monero.social> You are gunna use retoswap and you are gunna fuckin like it

<i​mprevisto:matrix.org> I was just thinking of mobilecoin.

is retoswap the same as haveno or no?

<o​frnxmr:monero.social> Two4one monerobull @monerobull:monero.social:

<s​hortwavesurfer2009:monero.social> Yes, it was previously known as haveno-reto

<o​frnxmr:monero.social> matrix.monero.social/_matrix/media/…ero.social/RwpPfSjzimRMKbNkXmcHTsyq

<m​onerobull:matrix.org> Yeah this is just straight up marketing again

<a​shven:matrix.org> I have been doing research here and i found out from original whitepepar that empirical data shows minimal broadcasting issue up to 15% 🤔

<a​shven:matrix.org> dl.acm.org/doi/pdf/10.1145/3292040.3219620

<a​shven:matrix.org> I have been doing research here and i found out from original whitepepar that empirical data shows minimal broadcasting issue it should be around up to 15% max 🤔

<a​shven:matrix.org> dl.acm.org/doi/pdf/10.1145/3292040.3219620

<a​shven:matrix.org> Is it good or bad i actually bought keystone based on this

<a​shven:matrix.org> But this guy is misleading

<a​shven:matrix.org> I thought it would work on gui

<a​shven:matrix.org> I thought it would work on gui since there is collaboration however community have clarified things for me

<o​frnxmr:xmr.mx> There is no community collaboration

<o​frnxmr:xmr.mx> Its, imo, terrible that @monero shills the same companies WIP like.. 30 times

<3​21bob321:monero.social> someone from cake has access

<3​21bob321:monero.social> if keystone dont accept monero on the wallet then its not going to work on cake wallet

<3​21bob321:monero.social> a company shouldnt be in control of monero twatter account, its biased

<a​shven:matrix.org> I know thats the clarification i meant there is non lol you told me before

<o​frnxmr:xmr.mx> Cakes vp and waterboy both said they dont know who has access

<3​21bob321:monero.social> well go forget password

<3​21bob321:monero.social> if its cake orientated marketing most of the time, then its a cake person

<o​frnxmr:xmr.mx> Cakes vp and waterboy both said they dont know who has access <<>> this doesn't necessarily mean that they they are saying it's not someone from cake

FWIW I vote to kick cake out of anything that seems to be from the "monero" project. They're already squatting monero.com, it's pretty clear they've been worming their way in to make it seem like they're "official". As long as their software isn't scammy they're welcome to be around, but they should *not* be welcome to... well close to impersonate really.

(before someone claims they do link to getmonero.org, I know they do, and IIRC that's becaise of previous complaints, and it doesn't fix the thing, just makes it more discoverable for newbies who pay attention)

<m​onero.arbo:matrix.org> also their swap fees are hidden which I do not appreciate. as far as I can tell there's nowhere they actually disclose the 2.5% cut that they take from third party swap services, and they've even suggested the opposite, that they don'

<m​onero.arbo:matrix.org> also their swap fees are hidden which I do not appreciate. as far as I can tell there's nowhere they actually disclose the 2.5% cut that they take from third party swap services, and they've even suggested the opposite, that they don't take a cut

<s​onex_046:matrix.org> Please guys, I don't really understand what's going on here 🥺

This is the main discussion channel for the monero cryptocurrency. See getmonero.org for an intro.

If you know bitcoin, monero's similar at a high level, but fixes bitcoin's privacy disaster.

There are other differences, some pros and cons.

<r​ottenwheel:unredacted.org> Where have they said they don't take a cut for the swaps? Can you link me?

<o​frnxmr:xmr.mx> Someone fwd to rottenwimp

<o​frnxmr:xmr.mx> these strongly imply no extra fees are being taken by cake:

<o​frnxmr:xmr.mx> reddit.com/r/darknet/comments/1d3x7we/damn_fees/l6euiu7

<o​frnxmr:xmr.mx> reddit.com/r/Monero/comments/17six8…o_to_another_cryptocurrency/k8vjhj7

<o​frnxmr:xmr.mx> matrix.to/#/!eBgZCVRnRRkKchiYzS:mon…mx&via=matrix.org&via=monero.social

<s​yntheticbird:monero.social> rottenwheel unblock ofrnxmr he just insulted your cats and threaten to dox you

<m​onero.arbo:matrix.org> stuff like this:

<m​onero.arbo:matrix.org> reddit.com/r/darknet/comments/1d3x7we/damn_fees/l6euiu7

<m​onero.arbo:matrix.org> reddit.com/r/Monero/comments/17six8…o_to_another_cryptocurrency/k8vjhj7

<m​onero.arbo:matrix.org> 2.5% is super steep for doing effectively nothing. many of the providers don't even take that much and they're actually providing liquidity

<h​ardhatter:monero.social> How do you know they’re taking that on top of the spread or fees of the exchange provider in cake ?

<o​frnxmr:xmr.mx> By comparing

<h​ardhatter:monero.social> Well I say this because if cake is using trocador or the same exchanges as trocador routes to. Then most of the first few options are around 2%.

<h​ardhatter:monero.social> I think the exchange provider is stated when using cake right? Is the rate you get from cake greater than the current rate of the exchange in your transactions?

<o​frnxmr:xmr.mx> Yes

<o​frnxmr:xmr.mx> 1xmr -> bch

<o​frnxmr:xmr.mx> - Trocador: 0.436236

<o​frnxmr:xmr.mx> - cake trocador: 0.4291549

<o​frnxmr:xmr.mx> matrix.monero.social/_matrix/media/…oad/xmr.mx/GakOxXisdkyaDVcMbJHmftCi

<o​frnxmr:xmr.mx> matrix.monero.social/_matrix/media/…oad/xmr.mx/ZLlESIsVxxCUxjoEVriKFudh

<o​frnxmr:xmr.mx> matrix.monero.social/_matrix/media/…oad/xmr.mx/bZfFOSygKYsFjcJjpWAADovA

<c​t:xmr.mx> hmm does cake limit the providers to a selection? i.e less risk of trouble at the expense of higher fees?

<o​frnxmr:xmr.mx> It auto selects by default

<c​t:xmr.mx> because trocador always shows the best price first, and I often choose another more expensive option because I prefer the provoder

<o​frnxmr:xmr.mx> Lets you choose manually, allso lets you granularly choose trocadors partners

<o​frnxmr:xmr.mx> Stack shows 0.987xmr for 1.8872 ltc via fixedfloat

<o​frnxmr:xmr.mx> Fixedfloat direct is 1.00152

<o​frnxmr:xmr.mx> just to show that cake isnt doing anything that every other wallet isnt

<o​frnxmr:xmr.mx> I'm sure exodus, edge, monerujo, ans whatever else are all charging a markup as well

<c​t:xmr.mx> interesting

<o​frnxmr:xmr.mx> Also, fixedfloat maybadvertise 0.5% but thats obv a lie

<o​frnxmr:xmr.mx> Its 1.5%

<o​frnxmr:xmr.mx> 1.5% above spot*

<h​ardhatter:monero.social> Well I meant can you compare the rate of the provider cake use for your transaction and the rate of the provider directly (that you can see on trocador)?

<h​ardhatter:monero.social> Or did you use the same provider in that comparison?

<r​ottenwheel:unredacted.org> He can do whatever he want, I don't care.

<r​ottenwheel:unredacted.org> Alright then.

<r​ottenwheel:unredacted.org> So we call building a wallet effectively doing nothing now. Nice.

<r​ottenwheel:unredacted.org> Yes, you get to know which provider is executing the swap before broadcasting the tx. and initiating the exchange.

<o​frnxmr:xmr.mx> Spoken like a true employee

<m​onero.arbo:matrix.org> yeah basically, I did a comparison just a week or two ago

<3​21bob321:monero.social> PR department

<o​frnxmr:xmr.mx> More oral department

<o​frnxmr:xmr.mx> Personal bidet

<m​onero.arbo:matrix.org> I mean, using wallet2 to build an android app isn't exactly rocket science, plus there are other free wallets. the only real work they could be argued to be doing as to swaps is maintaining the API to swap from the wallet, but I mean.... trocador provides effectively the same service for free

<m​onero.arbo:matrix.org> It's not taking a fee per se that bothers me, but 2.5% is a lot and it's hidden from the user. that's not chill

<r​ottenwheel:unredacted.org> Fair enough.