<shortwavesurfer2009> The last US Monero CEX has fallen.

<shortwavesurfer2009> reddit.com/r/Monero/comments/1nd0f9…kraken_withdrawals_suspended_in_usa

<basses:matrix.org> none of redlib instances work rip

<shortwavesurfer2009> mrelay.p2pool.observer/m/monero.social/TtEHigBHPyjZegzEDUbdiuuA.png (1000008717.png)

<shortwavesurfer2009> @basses:matrix.org: Take a look at the screenshot above.

<basses:matrix.org> @shortwavesurfer2009: Thanks!

As noted in comments monero-project/monero #10067 could be part of the reasons

<eddie:oblak.be> @shortwavesurfer2009: What about poloniex?

<shortwavesurfer2009> @eddie:oblak.be: BaloneyEx

<eddie:oblak.be> you can buy XMR there, afaik

<eddie:oblak.be> are they not US?

<shortwavesurfer2009> @eddie:oblak.be: I don't believe they are US and they are on the avoid list already

<shortwavesurfer2009> That's why I called them BaloneyEx

<eddie:oblak.be> which avoid list?

<shortwavesurfer2009> Bawdys

<shortwavesurfer2009> As far as I know, they fractional reserve and do the exact same thing where they won't allow withdrawals, but they will allow deposits.

<eddie:oblak.be> Never had an issue with them, only used it from small amounts though

<eddie:oblak.be> Anyway, not here to endorse them, all CEXs suck :p

<eddie:oblak.be> I just thought they were US honestly

<shortwavesurfer2009> reddit.com/r/Monero/comments/1mp00w…/list_of_exchanges_and_their_status

<eddie:oblak.be> sell it for BTC, withdraw it and then swap it bay using atomic swaps? > <@shortwavesurfer2009> mrelay.p2pool.observer/m/monero.social/TtEHigBHPyjZegzEDUbdiuuA.png (1000008717.png)

<shortwavesurfer2009> @eddie:oblak.be: Which is exactly what they want you to do because it drives down the Monero price at least temporarily so they can pick up some coins to attempt to satisfy their withdrawals.

<shortwavesurfer2009> It's ultimately going to be just like the Binance deal listing where Monero dropped 30% in the short run and then rose 150% since then.

<eddie:oblak.be> Yeah I wouldn't worry to much about it, one shouldn't have been using CEXs for a long time now

<shortwavesurfer2009> And the reddit link I sent was from a month ago and has baloneyEx being turned off.

<shortwavesurfer2009> Exactly. This is what you get when you use a centralized exchange.

<albertlarsan68:albertlarsan.fr> The only CEX where I could buy XMR closed all all its operation in my country, so now I use Haveno

CEXs are good at price manipulation

albertlarsan68: considering your domain ends in .fr, i'm assuming you're from the EU

the EU is planning to fully ban monero by 2027

and they've been pressuring exchanges to delist monero

<eddie:oblak.be> Yeah, which is totally ironic because they also give companies fines for violating people's privacy 😂

<eddie:oblak.be> You can have privacy but not to much

<shortwavesurfer2009> I have to wonder how many of the instant swap exchanges will now go down because they were probably using Kraken as the backend API or whatever.

<shortwavesurfer2009> I remember some of them having big issues when Binance went down for that exact reason.

<ofrnxmr:xmr.mx> Litecoin ftw > <@eddie:oblak.be> sell it for BTC, withdraw it and then swap it bay using atomic swaps?

<eddie:oblak.be> @shortwavesurfer2009: that's possible, but new routes will emerge

<ofrnxmr:xmr.mx> mrelay.p2pool.observer/m/xmr.mx/MleKxTgiVYGcEdRGsckJMAcT.png (share_8237029395006254165.png)

<albertlarsan68:albertlarsan.fr> Cindy: It not only closed XMR, but all operations (ie I cannot even log in to the platform)

i think they're forcing the exchanges to get a license

or else they'll get fined

and there's a LOT of rules that come with the license (including: no privacy coins, e.g. monero)

<eddie:oblak.be> @ofrnxmr:xmr.mx: That's from BSX?

<binarybaron:matrix.org> How do refunds for XMR <> Litecoin / Bitcoin work on BSX?

<binarybaron:matrix.org> What are the timelocks like?

refunds?

<binarybaron:matrix.org> What happens if one of the two parties doesn’t cooperate ?

<binarybaron:matrix.org> Let’s say the maker doesn’t lock the Monero?

i mean

multisig is usuallly 2/3

(buyer, arbitrator, seller)

<binarybaron:matrix.org> Sorry, wrong chat

<binarybaron:matrix.org> I was talking about BasicSwap Atomic Swaps

ah i see

<shortwavesurfer2009> @binarybaron:matrix.org: An atomic swap cannot get into a state where it does not succeed. Either it succeeds and each party gets the other currency, or it does not succeed, and each party gets their currency back.

<binarybaron:matrix.org> This is not true for most of the current protocols. I have been working on atomic swaps for almost three years now. There are cases where specific refund transaction needs to be published within specific timeframes to prevent DoS attacks

<shortwavesurfer2009> @binarybaron:matrix.org: Okay, then you know more about it than I do, so I will shut up. LOL.

<binarybaron:matrix.org> Didn’t mean it like that haha

<shortwavesurfer2009> What I find annoying about atomic swaps is that you can't use RPC nodes in order to do them. You have to use a full node, at least from what I understand. If you only had to use the tip, that would be one thing, but having to download a full node for every blockchain you want to swap between is a pain in the ass.

<shortwavesurfer2009> Like, if you only needed, say, the last day's worth of blocks in order to do an atomic swap, that would be one thing. But to download an entire chain, just to do a swap, is a pain.

@albertlarsan68:albertlarsan.fr "The only CEX where I could buy XMR" considering your username and domain, I know where you live, and i've been using dfx.swiss just fine to get XMR so I can recommend it myself

@binarybaron:matrix.org: I've been trying to understand what exactly BasicSwapDEX was doing but the codebase is such a disaster that it'd take a few days just to follow the BTC-XMR swap codepaths

<albertlarsan68:albertlarsan.fr> helene: I now use Haveno, but thanks!

dfx.swiss has a full KYC for a transaction above an undefined "daily limit"

which includes: address, copy of your ID and passport, photo of your face, some registration form, economic owner form, first transaction from a bank account in the customer' name to DFX, etc.

it indeed does, it is not non-KYC

there are multiple stages of KYC for them, which change the limits and such

<eddie:oblak.be> Cindy: it's 1000CHF normally

<eddie:oblak.be> Which is the daily limit mandated by swiss law

@binarybaron:matrix.org see github.com/basicswap/basicswap/blob…8e40f0/basicswap/basicswap.py#L4047 and github.com/basicswap/basicswap/blob…8e40f0/basicswap/basicswap.py#L4300 for the main logic, but it's still a mess to understand it

@eddie:oblak.be 1000CHF per year iirc, right?

<eddie:oblak.be> It should be 100k CHF per year

<eddie:oblak.be> unless the law was changed recently

<eddie:oblak.be> Also: docs.dfx.swiss/en/faq.html#why-does…-if-i-have-sent-less-than-chf-1-000

<eddie:oblak.be> @eddie:oblak.be: seems DFX uses 50k CHF

so DFX is KYC

as most CEXes are, I believe

getting any amount of cryptocurrency in France is non-trivial, even more so if your requirements are to have no KYC :)

EU sucks :P

I believe it's easier in a lot of the EU compared to France

for example, in France, you have to declare all CEX accounts to the tax office; if you own any cryptocurrency that isn't on a CEX... best of luck

(and on a listed, accepted and certified CEX, of course)

<eddie:oblak.be> Cindy: France sucks 😂

nah, EU in general sucks

<eddie:oblak.be> The governments yes

<eddie:oblak.be> But it's not worse than the USA

<eddie:oblak.be> It just depends on your priorities

France #1 country of cryptocurrency-based kidnappings 🫡

i hate when europeans say "but at least we're better than the US!" or "the US sucks compared to us" and use that to completely avoid any arguments

blind nationalism

<eddie:oblak.be> I didn't say it's better, I said it's not worse 😂

(the EU isn't a nation though)

we need to make a new word then

we're all a bunch of independent countries that hate each other, very different!

blind EUism

<eddie:oblak.be> Well in Europe you can go to school without getting shot, how's that for an argument: p

i'd rather want people who are overly-critical about their governments

<eddie:oblak.be> you might be ran over by a terrorism but ok :p

than europeans who are always huffing copium while they fall into pits like chat control and eIDAS

<eddie:oblak.be> hmm, the french are very critical of their governments

oh, don't misunderstand, it's a very european thing to say "<other place> sucks" but it doesn't mean we don't think where we live doesn't suck even more lol

<eddie:oblak.be> they really know what protesting is

<albertlarsan68:albertlarsan.fr> @eddie:oblak.be: But the government doesn't listen sadly

i think all countries suck

wait, you expect governments to listen?

equally :P

all governments suck

<eddie:oblak.be> Cindy: that was exactly my point

i see

<eddie:oblak.be> because apart from govt most countries are nice

living in europe is having an attitude of "my country sucks more than yours, but my country's better"

<eddie:oblak.be> beautiful places, nice people, good food

<albertlarsan68:albertlarsan.fr> (let's go to off topic)

People don't listen, why should governments?

nioc: that's what i notice, too :)

the different tends to be that one sucks at communication, and the other refuses to engage in communication

<eddie:oblak.be> love this analysis, spot on 😂

Also differences in "self" interest

aka monied special interests

eh, that not so much