01:12:05 <br-m> <ofrnxmr:xmr.mx> snake: for fiat > xmr?
01:13:07 <br-m> <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
01:13:17 <br-m> <ofrnxmr:xmr.mx> on a cex*
11:04:36 <leonardus> I get too bored https://usercontent.irccloud-cdn.com/file/TixHQcR6/image.png
13:12:59 <br-m> <dufebo98> Who is behind HyperWagyu? His Wrapped Monero (XMR1) on Hyperliquid now ranks #4 in volume – any rug pull concerns?
13:15:05 <Cindy_> yes i have a concern
13:15:08 <Cindy_> why are you shilling
13:15:19 <Infinity8> 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?
13:15:20 <Infinity8> <Infinity8> Currently using: https://github.com/Boog900/monero-ban-list/blob/main/ban_list.txt
13:16:56 <Cindy_> but if you're not affliated with this hyperwagyu guy
13:17:08 <Cindy_> wrapped XMRs are 100% always a scam
13:17:16 <br-m> <hooftly:matrix.org> https://blog.can.ac/2025/12/20/reverse-engineering-hyperliquid/
13:17:16 <br-m> <hooftly:matrix.org> Centralized order book that can be rugged at anytime
13:17:47 <Cindy_> lol not only that
13:18:08 <Cindy_> monero's chain is incompatible, so there is no way to actually make a decentralized wrapped token of XMR
13:18:14 <Cindy_> someone has to be holding the XMR
13:19:09 <br-m> <hooftly:matrix.org> you can but it requires it own validator set (think serai) and network
13:21:34 <Cindy_> hooftly: serai relies on stakes
13:21:45 <Cindy_> like people holding liquidity hold money as collateral
13:22:06 <Cindy_> the problem with these wrapped XMR tokens, is that there is no collateral, no accountability
13:22:18 <br-m> <hooftly:matrix.org> How do you thinl XMR will trade? It issues a wrapped version
13:22:50 <Cindy_> yeah but what liquidity is backing up against that wraped token?
13:23:04 <Cindy_> they don't even need to rugpull the wrapped token, they can rugpull the underlying supply
13:23:10 <Cindy_> and the wrapped token becomes worthless
13:25:30 <br-m> <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.  
13:25:30 <br-m> <hooftly:matrix.org> Bitgos WBTC is fully collateralized but they are also fully compliant and regulated.
13:25:30 <br-m> <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
13:25:40 <Cindy_> imagine a water reservoir underneath a city, you can sell off the city, but people are most likely to notice that
13:26:08 <Cindy_> but you can sell off the underground water reserve under the city to some rich tech bro guy
13:26:18 <Cindy_> the city will collapse on its own
13:26:45 <Cindy_> hooftly: yes i know it doesn't imply uncollateralized
13:27:11 <Cindy_> but i'm talking about most wrapped XMR implementations
13:28:01 <br-m> <hooftly:matrix.org> and Im not disagreeing. Only stating its possible in a centralized and decentralized manner. Just not easy in both cases
13:31:16 <Cindy_> it's all about trust in the end
13:52:39 <riceandbeans> i dont trust any wrapped assets
13:54:31 <Infinity8> Wrapped assets seems like an attempt to de-anonymize transaction by luring the user in with potential profit
13:56:23 <br-m> <hooftly:matrix.org> Infinity8: This same outcome occurs using a CEX just saying...
13:56:54 <Infinity8> br-m: You say that as though I can still buy through CEX ^_^
15:07:19 <br-m> <icarolongo> https://mrelay.p2pool.observer/m/monero.social/VpgXPVOucDojzCnSlrOVbdKw.jpg (IMG-20251222-WA0003.jpg)
15:07:49 <br-m> <icarolongo> https://mrelay.p2pool.observer/m/monero.social/RgcadjsADdOwOlaGbstIdHey.jpg (IMG-20251222-WA0002.jpg)
15:08:22 <br-m> <icarolongo> Feather Wallet on PinePhone
19:52:44 <br-m> <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++ https://donate.magicgrants.org/monero/projects/fuzzing-monero-2
19:53:10 <br-m> <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. https://magicgrants.org/2025/12/05/Monero-Fund-2026-Election
20:15:20 <br-m> <milas900:matrix.org> What are security risks if we expose node to public ?
20:15:56 <Cindy> not much if you enable restricted RPC
20:16:32 <Cindy> 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
20:16:49 <Cindy> s/making/sending/
20:17:41 <br-m> <deepzy99:matrix.org> Should anyone use this hyperwagyu to buy?
20:18:47 <Cindy> no
23:17:39 <br-m> <321bob321> @kowalabearhugs_: Maybe someone ping Doug
23:18:55 <Cindy> who are these people asking about hyperwagyu
23:19:10 <Cindy> while i can't even a single search result
23:19:31 <Cindy> i highly doubt that these people just stumbled upon whatever stuff out of nowhere
23:45:07 <br-m> <spvce:spvcer3ii.space> Cindy: Perhaps its a scam?
23:45:26 <br-m> <spvce:spvcer3ii.space> Not really sure, but I'll probably look into it myself. Looks like a scam to me.