<ofrnxmr:xmr.mx> snake: for fiat > xmr?

<ofrnxmr:xmr.mx> A cex will charging close to or potentially more than that. Idk why ppl act like you can swap fiat -> xmr on a vex @ spot price, theres always a premium

<ofrnxmr:xmr.mx> on a cex*

I get too bored usercontent.irccloud-cdn.com/file/TixHQcR6/image.png

<dufebo98> Who is behind HyperWagyu? His Wrapped Monero (XMR1) on Hyperliquid now ranks #4 in volume – any rug pull concerns?

yes i have a concern

why are you shilling

I'm having a lot more blocks from my monerod client compared to usual. Would adding these to my blocklist.txt be much off a loss?

<Infinity8> Currently using: github.com/Boog900/monero-ban-list/blob/main/ban_list.txt

but if you're not affliated with this hyperwagyu guy

wrapped XMRs are 100% always a scam

<hooftly:matrix.org> blog.can.ac/2025/12/20/reverse-engineering-hyperliquid

<hooftly:matrix.org> Centralized order book that can be rugged at anytime

lol not only that

monero's chain is incompatible, so there is no way to actually make a decentralized wrapped token of XMR

someone has to be holding the XMR

<hooftly:matrix.org> you can but it requires it own validator set (think serai) and network

hooftly: serai relies on stakes

like people holding liquidity hold money as collateral

the problem with these wrapped XMR tokens, is that there is no collateral, no accountability

<hooftly:matrix.org> How do you thinl XMR will trade? It issues a wrapped version

yeah but what liquidity is backing up against that wraped token?

they don't even need to rugpull the wrapped token, they can rugpull the underlying supply

and the wrapped token becomes worthless

<hooftly:matrix.org> wrapped does not imply un collateralized thats all in the syestem you decide to build. Disclaimer: i attempted a version once upon a time and started working with a custodian but they delisted XMR and it died.

<hooftly:matrix.org> Bitgos WBTC is fully collateralized but they are also fully compliant and regulated.

<hooftly:matrix.org> That being said from ehat I can see this version is just some dude saying trust me bro. It will probably end bad

imagine a water reservoir underneath a city, you can sell off the city, but people are most likely to notice that

but you can sell off the underground water reserve under the city to some rich tech bro guy

the city will collapse on its own

hooftly: yes i know it doesn't imply uncollateralized

but i'm talking about most wrapped XMR implementations

<hooftly:matrix.org> and Im not disagreeing. Only stating its possible in a centralized and decentralized manner. Just not easy in both cases

it's all about trust in the end

i dont trust any wrapped assets

Wrapped assets seems like an attempt to de-anonymize transaction by luring the user in with potential profit

<hooftly:matrix.org> Infinity8: This same outcome occurs using a CEX just saying...

br-m: You say that as though I can still buy through CEX ^_^

<icarolongo> mrelay.p2pool.observer/m/monero.social/VpgXPVOucDojzCnSlrOVbdKw.jpg (IMG-20251222-WA0003.jpg)

<icarolongo> mrelay.p2pool.observer/m/monero.social/RgcadjsADdOwOlaGbstIdHey.jpg (IMG-20251222-WA0002.jpg)

<icarolongo> Feather Wallet on PinePhone

<kowalabearhugs_> The MAGIC Monero Fund (MMF) continues to seek support for our next project.... Monero Fuzzing Round 2: Adding coverage for Wallet, P2P, and FCMP++ donate.magicgrants.org/monero/projects/fuzzing-monero-2

<kowalabearhugs_> The MMF is also hosting an election in January for a new committee member. Voters and committee applicants have until December 31st to apply. magicgrants.org/2025/12/05/Monero-Fund-2026-Election

<milas900:matrix.org> What are security risks if we expose node to public ?

not much if you enable restricted RPC

but an example of an attack that could happen on unrestricted RPC, is a DoS attempt by making a transaction with tons and tons of outputs associated

s/making/sending/

<deepzy99:matrix.org> Should anyone use this hyperwagyu to buy?

no

<321bob321> @kowalabearhugs_: Maybe someone ping Doug

who are these people asking about hyperwagyu

while i can't even a single search result

i highly doubt that these people just stumbled upon whatever stuff out of nowhere

<spvce:spvcer3ii.space> Cindy: Perhaps its a scam?

<spvce:spvcer3ii.space> Not really sure, but I'll probably look into it myself. Looks like a scam to me.