anesthesia

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BSA AML - The US Treasury’s Move - Crypto and Fiat in c/[email protected]
[–] [email protected] 1 points 1 month ago

Transactions may become less private. This could deter users who value the anonymity offered by cryptocurrencies like Monero.

Ah yes I'm sure that the USA's new definition of "Money" will make the Monero chain less secure and private.

Maybe Monero-Chan will feel threatened and start leaking our transactions to the FBI or something.

No but for real, this cannot "deter users who value the anonymity of Monero". No, it should do literally the opposite. If crypto becomes less private, it should make users more prone to XMR because it spits on the face of all these regulators

Monerochan Token: A Trojan Horse for Promoting Monero in c/[email protected]
[–] [email protected] 1 points 1 month ago

Literally just make a new wallet, as everyone else in this thread (including me) did. Of course no one is going to post here their regular use wallet (if they even had one to begin with)

Monerochan Token: A Trojan Horse for Promoting Monero in c/[email protected]
[–] [email protected] 4 points 1 month ago* (last edited 1 month ago)

Why Ethereum? Isn’t possible to do it on RandomX?

Eh... no? Because the Monero blockchain has no support for custom tokens...?

Also, why limited supply? XMR ≠ BTC.

Because this is not XMR? It is literally just a memecoin.

Why the F will you sell JPEGs with the Monero mascot that I can download off of Google images for free?

Because people are stupid and they like the NFTs. Besides it's not about "having the JPEG", more of "owning it" I would guess.

Is there a guarantee this won’t be a Pump-and-Dump? Also, why is this pinned?

Probably not. Again it's just a memecoin, play the game if you want, or don't. Up to you.

I'm not related to this project but I don't think it is such a bad idea. Just don't play the game if you don't like it. It is not even in the Monero blockchain so what harm can it realistically do to us?

Edit: Formatting

Monerochan Token: A Trojan Horse for Promoting Monero in c/[email protected]
[–] [email protected] 2 points 1 month ago (3 children)

This sounds interesting. I'm up for the free tokens, and might grab some extra ones later for the meemz :)

0xA4E16089D807F2B52353E193D637EB1FAA6DD6bA

3
Question on Initial node Connection (monero.town)
 

I have a quite more technical question regarding how Monero nodes (and other P2P networks) work.

The question is: Once you start your node for the first time, or after it being shut down, how does the node find the first P2P peer?

I get that torrents for instance use trackers for this. But how does Monero (or other cryptos) do it?

I am guessing Haveno does the same thing? ie: Haveno is essentially connecting to two P2P networks at the same time, namely the Monero and the Haveno networks. What tech does Haveno use to find the first peers? Is it related to the seed nodes?

How does Monero do it without seed nodes?

Reto announces removal of trade fees and USDT support (with the next update). in c/[email protected]
[–] [email protected] 5 points 2 months ago

They add support for USDT I assume, as there is no support yet. Weird wording I agree

Is this how plausible deniablity works in XMR? in c/[email protected]
[–] [email protected] 2 points 2 months ago (1 children)

Yes you can just say that.

  1. If someone knows for a fact that you have Monero and they know the exact amount, and want to know where it came from:

    • Move them to a new wallet
    • I mined these coins a very long time ago, I do not have the mining equipment anymore
    • Also the wallet I used to mine them was on an old computer that got infected so I moved all to this new wallet

  2. If someone suspects that you have Monero but does NOT know how much:

    • Imagine you own $10k in Monero
    • Move a small amount to a wallet ($200??)
    • If authorities ask you how much you have, show them the wallet with $200.
    • Go back to scenario 1 (I got those 200 from mining a long time ago etc etc)

  3. If no one suspects that you have Monero, and for now you are "in the clear":

    • Follow good opsec
    • Do not tell anyone that you have Monero
    • Do not exchange that Monero for fiat using KYC services. Always use something like Haveno, or use the Monero to buy prepaid cards anonymously to use in shops
    • If someone starts suspecting that you might be using Monero but does not know how much, revert to scenario 2

Of course it is better if you avoid anyone knowing you have Monero altogether.

Remember that you always have the option of moving them to a new wallet, say you got hacked and have no access to it.

Of course all this depends on your country and how authorities are there. If you live in a very authoritarian area where authorities do not care about evidence and they only care that "you look guilty", nothing will save you. If you live in a country where you must go to court and be proven guilty, I think with Monero its pretty easy to do any of those steps and cover your ass.

But as always, try to not be discovered using Monero in the first place

Is this how plausible deniablity works in XMR? in c/[email protected]
[–] [email protected] 1 points 2 months ago

Yeah you could say that, but as said in another comment, just transfer them to another wallet and claim you lost them in a hack or accident 😄

Is this how plausible deniablity works in XMR? in c/[email protected]
[–] [email protected] 2 points 2 months ago (1 children)

Yes that is exactly it.

That is why you should always make sure to lose all your XMR on a boating accident right after acquiring them 😉

Where do you buy Monero? Haveno, CEXes or instant crypto exchanges? in c/[email protected]
[–] [email protected] 2 points 2 months ago

No, Haveno is completely Non-Kyc.

The only problem with Haveno is that you need to pre-own a small amount of XMR as a safety deposit to avoid scams. So it is not the best if you need to get started from scratch. (You get your deposit back after the trade)

Haveno essentially generates a wallet for you that you use on trades, so when I say "add funds" I mean to that new wallet (which is locally generated and thus non-custodial, keys are always under your control)

Once you add some funds to Haveno, just click any of the offers listed there. You'll probably need to add a payment account to your haveno account but the app will guide you through all the steps. There are some tutorials floating around there.

Sounds daunting but it really is super super easy

Where do you buy Monero? Haveno, CEXes or instant crypto exchanges? in c/[email protected]
[–] [email protected] 1 points 2 months ago (3 children)

Haveno all the way!

Super easy, just open the app, add some funds, click on "take offer" on whatever trade there is and follow the steps.

Monero, Haveno and Russian sanctions in c/[email protected]
[–] [email protected] -1 points 3 months ago (1 children)

I understand your point, however that is not really the topic at hand, I was just trying to give some context and to open the discussion as to why XMR does not seem to be gaining traction in Russia or why there are no Ruble trades in Haveno.

Now I do not want to enter a political discussion here

It is irrelevant for the conversation if it is a good or a bad strategy, or if it is moral or immoral to apply these sanctions. If I were a Russian individual, I would be using Monero to escape these sanctions, which leads me to wonder whether or not this is happening or why we do not see Russian trades in Haveno.

9
Monero, Haveno and Russian sanctions (monero.town)
 

The ongoing Russian conflict has caused Euro Union and other political powers to heavily sanction Russia. Some of these sanctions involve blocking bank transfers between the eurozone and Russia.

Now I do not want to enter a political discussion here, but I think most of these sanctions are actually hurting the individual citizens more than the government to whom they should be targeted.

This has caused that a lot of people that live abroad cannot for instance send money to their loved ones in the country, spend money whenever they go there for a visit, or for people who live and earn money in Russia to spend that money abroad.

Additionally, many banks have seized Russian-owned bank accounts in Europe, essentially stealing their money without them being able to do anything to prevent this.

Of course we could get in the argument here that you do not really own your hard-earned fiat money. After all, if I cannot spend my fiat money in a bakery in Russia, do I really own my money?

This is where Monero shines (or should be shining) in my opinion. Monero should give Russians the ability to break free from these sanctions and actually spend their money however they want.

However, looking into Haveno, there are 0 offers in Russian Rubles (RUB), and historically there have been zero trades with RUB. Also trying to find information on Russian forums about Haveno, no one seems to talk about it at all.

However, before Haveno came out officially, I used another centralized P2P exchange called bitpapa, which I do not promote or recommend, as even though I used it without problems on some occasions, I do not know if it can be fully trusted.

My experience is that (maybe just a coincidence) all trades I did there were done with Russians. So it seems that that platform might be the one preferred by them.

And here is where I want to open a discussion:

Why do you guys think is the reason that there are so little trades in a currency so heavily sanctioned, when Monero is supposed to fight exactly against this kind of issue?

Perhaps there is some failure in our communication methods, and the information about Haveno is not reaching the relevant forums or circles?

Is this how plausible deniablity works in XMR? in c/[email protected]
[–] [email protected] 5 points 3 months ago (6 children)

I would like to add that if you actually have XMR in a wallet that you got from mining, and you never moved those funds before, you CAN confirm that those funds came from mining. In fact, the GUI wallet will show a symbol indicating that it came from mining (what's called a "coinbase" transaction).

However you could just say that you moved the funds from the mining wallet to this other wallet, but then I will ask again: Show me the mining wallet that got those mining transactions.

5
Question regarding Monero fees (monero.town)
 

I have a question regarding Monero fees.

Currently a transaction gets you to pay around 0.00003 - 0.00005 XMR of transaction fee.

This is a very small fee, and given that XMR is priced at ~150€ it results in less than 1 cent of fee (0.6 cents approx).

I know of Monero's dynamic block size and that it will contribute to keeping fees small in the future given increased usage.

However, imagine a scenario where Monero's price skyrockets. Let's say current BTC price of 66k€.

A similar transaction fee of 0.00004 XMR would result in 2.64€ of transaction fee. This would make XMR unusable (or at least not interesting) for transactions of 10€ or less, given that the transaction fee would be 25% or more of the intended spend value.

I know that it is very unlikely that XMR reaches those values, but in that hypothetical scenario, what would happen with the fees? Would the absolute fee value in XMR go down? Is there a system already in place for this? Would the devs manually lower the fees?

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