00:00:06 Revuo Monero Issue 223: December 26, 2024 - January 12, 2025. https://www.revuo-xmr.com/weekly/issue-223/ 01:32:23 BlueyHealer: came across that and I am trying to understand how it works 02:01:09 wondering if I should go with a crypto ATM instead... depends on what measures they have 07:06:36 At least the ATMs we have here have full KYC. Heard it is the case in some other places too. 11:02:08 what bridge is this chat using for IRC <--> Discord 11:02:59 probably hv-bridge 11:03:30 github link? 14:41:48 Not hv-bridge iirc 14:43:00 It does say "hv-bridge" for me on IRC. 14:54:03 Where 14:54:49 (i'm probably wrong anyway lol) 14:59:45 The user that sent the messages from Discord. Also there is such a user in the user list. 15:08:27 meow. 15:13:01 I read irc<>matrix. I forgot that this room is (thought was) bridged to discord 15:27:55 Since pigeons did maintenance on matrix a few days ago matrix image links no longer work on irc 15:40:56 In terms of privacy, does this make sense? USD -> LTC (Coinbase) -> XMR (CakeWallet) -> XMR (cli wallet) -> receiver 15:41:35 Buying LTC on coinbase, then sending that to cakewallet to swap, then sending that to my monero cli wallet, then sending that to the receiver 15:42:28 is there any added benefit in privacy doing the second to last step? Sending from the cli wallet instead of cakewallet? Like is there traceability if the transaction were to occur with the swapped funds on cake? 16:53:22 nioc: There was a change in matrix https://matrix.org/blog/2024/06/26/sunsetting-unauthenticated-media/ 16:55:08 Maybe we need to disable this authentication or maybe there is a setting that will apply to bridged rooms or maybe somehow to configure the bridge integration 16:57:14 pigeons: thx 17:04:22 nioc, ppl used matrix to host content 17:04:30 I think we will just disable this authentication requirement for remote media to allow users across bridges to access links, I'll talk it over witha few people and anyone with feedback let me know. 17:05:31 https://element-hq.github.io/synapse/v1.120/upgrade.html#authenticated-media-is-now-enforced-by-default 17:05:58 or people could use a pastebin or imagehost I guess 17:08:48 On IRC, people already do that. 17:12:13 yeah makes sense 17:21:09

I told you the market would fall 18:02:10 all large cap gains since the election have been wiped out, small caps well below pre-election levels 18:02:37 if you're into monero because of line up, you should just stop lol 18:03:00 i was speaking of the stock market 18:03:09 ah 18:03:14 LA fires might just crash the insurance industry 18:03:38 tradfi realizing the don's tariffs are serious and going to cause chaos 18:03:51 This is not the channel for price talk 18:04:50 Maybe link it to the need for monero :D 18:06:09 i don't want monero to appease to the speculators, being disconnected to its point as a currency, and end up crashing and burn (like ethereum) 18:06:49 I just want the price to stay roughly where it is... 18:07:10 So that people would be more comfortable using it as a currency... 18:07:20 yes 18:08:39 a more expensive monero will actually have a negative effect, since people will be hoarding it for the sake of value 18:09:11 [Citation needed] 18:09:35 and negatively affect its reputation 18:09:51 The real goal is day to day usage 18:09:55 yes 18:10:05 If the money flows, it becomes more stable 18:10:41 If it doesn't, then any gambler with a hole in their pocket can make the price spike up and down 18:10:51 the fees in ethereum and bitcoin has made it unattractive as its use as a currency 18:10:57 due to network congestion and static block sizes 18:11:12 when i tried out ETH, i had to pay over $60 in fees for one transaction alone 18:11:22 and this caused a feedback loop 18:12:35 because since i could barely afford the fees, i had to hold the currency 18:13:34 and then it becomes more "unstable" at that point 18:13:59 the market cap is currently too small to be a currency except for a small part of the overall market 18:14:19 chicken and egg issue 18:15:12 @bbl 18:15:37 maybe monero has a chance to avoid the same issues that plague ethereum and bitcoin 18:15:40 like dynamic block sizes 18:20:57 $60? WTF, why would anyone use that?? 18:21:21 i tried it out for a bit, out of curiosity 18:21:27 but the fees were a big turn off 18:21:38 sometimes it cost LITERAL HUNDREDS of dollars 18:21:41 for one transaction 18:21:45 I wonder how Monero scales, and whether the fees would get higher with higher adoption... From what I understand, the dynamic block size itself is for short activity spikes. 18:21:49 The more monero is adopted the higher the price would go. Wanting price to remain 'stable' makes no economic sense. 18:22:06 $60 is more than any of my Monero transactions I ever made! 18:22:17 not to mention, 'stable' in dollar terms means it's going down like the dollar 18:22:43 as2333, maybe. But I just don't want it to be a rollercoaster with extreme airtime. In both direction. 18:22:51 bitcoin was 10x worse 18:22:59 without L2 hacks 18:23:10 it's not a matter of what one wants - it's a matter of supply and demand 18:23:12 it was unusable 18:42:57 Monero's dynamic blocksize also deals with long-term usage trends 18:57:32 as2333, how can there be a demand for fees thos high?? 18:57:45 By the way, what highest fees did you get with BTC? 18:58:01 BlueyHealer: the only demand you'd get is from people wanting to "HODL" it 18:58:58 I see Bitcoin accepted in quite a bit more places than Monero. 18:59:11 useful places* 18:59:18 Which is sad because I don't want to interact with higher fees. 18:59:22 also i used bitcoin in around 2017 18:59:30 back when 1 BTC = $300 or something 18:59:37 fees weren't that high, but they were kinda high 18:59:45 now it's hundreds or thousands of dollars 19:00:01 the highest i've seen 19:00:11 And fees? 19:00:26 i'm talking about the fees lol 19:00:33 the most i've paid is 5$ and its too much 19:00:36 not the price 19:01:16 people have to do transactions over a 3rd party layer (which has its own problems) 19:01:26 to avoid the extremely high fees nowadays 19:01:57 if your currency depends on a L2 (which applies to ETH and BTC), then it needs to be redesigned tbh 19:02:05 like hard fork and start over 19:07:32 BlueyHealer demand for monero, not for fees/ 19:07:36 fees. 19:08:41 in a poorly-designed currency, demand increases fees 19:08:47 up to an unaffordable amount 19:09:00 and yes as usage goes up, fees will go up 19:09:06 basic economics - nothing is free 19:09:30 so the more monero is used the higher the price and fees will go 19:10:50 $5 is my average Monero transaction lol 19:12:37 as2333: IIRC XMR's dynamic fee algorithm depends on usage, the more usage there are, the less fees there are 19:12:47 or at least as i can understand 19:13:11 but it doesn't correlate with price, only usage. 19:13:23 if monero was bought a lot, but rarely used, fees would be expensive 19:13:31 bought/sold* 19:14:41 "the more usage there are, the less fees there are" 19:14:44 that is absurd 19:15:14 i found it on monero's (somewhat dated) blogpost on fees 19:15:23 "Basically the inverse of the percentage increase of the median block size (against a base of the minimum block size) translates to the percentage reduction in fees. " 19:37:24 by the way average fee in bitcoin right now is 1 sat/byte so that's $0.30 for a standard transaction 20:49:58 Yeah because nobody is using it as actual p2p cash