blake

But can it do Atomic Swaps?

UPDATE:

Thanks so much to our 4 donors over at Kuno (https://kuno.anne.media/fundraiser/i3gx/). You anonymous few are true legends.

We raised 0.502 XMR !!!

That's enough to print over 100 high quality stickers. I have now had them printed and delivered. They will be travelling with me tomorrow to the Royal Courts of Justice in London where they will be handed out to protestors and speakers at the protest.

In all, using Kuno was great - I had communication with staff there and they were supportive and helpful. We had an interesting debate too about anonymous fundraising - which I will put into another thread. I'd recommend using Kuno for random small-scale fundraisers, particularly those which relate to Monero.

Any UK based people here, feel free to DM me an address and I'll send you a sticker.

You can still donate towards stickers and any extra Monero will be donated to the Assange Extradition Fund and Wikileaks. I will close it at the end of the month, or if it reaches its goal.

@tusker

allark.io looking EXTREMELY sus...

see pic related

allark feb '23 - selling 100 different products

heavily shilling on r/monero and even on here

allark dec '23 - suddenly a USD > crypto exchange

offering usd trades, plus interest bearing instruments [illegal] doesn't mention what stablecoin is used no further information or contact us information

this from the same guy who refused to answer customers who didn't receive prepaid cards ignores any questions on his spam posts.

we don't want scams like this on monero.town

doesn't deal in monero likely doesn't deal legit at all..

Even if Monero daily transaction volume seems low compared to cryptocoin X , Y or Z. That's not a problem

can any other coin (other than bitcoin) point to numerous different marketplaces using monero as standard?

can any other coin offer what monero offers to market participants?

and lastly; numerous sources have researched wash trading - including US Gov, big banks like JPM and each find that at least 70% of transaction volume is wash trading.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4649565

as such you can look at daily volume and diminish it by at least 70%, then compare.

eg / solana, #5 on coingecko at $2,633,235,375 24h volume ($2.6billion) minus 70% for wash trading = $789,970,612 ($789 million) monero @ #45 = $85 million

[not saying there isn't fuckery with xmr price, especially until binance drops it] [also noting that the question is still valid about how data is collected on transaction volume for xmr in private]

imo, most 'above board' businesses won't accept monero payments.

they have to bend over backwards to the state - commercial law, tax law, aml procedures with commercial banks. If they lose their business bank account they're done so they are cautious actors. think how slow shops are to adopt new payments technology compared to say internet based payments.

those shops are to an extent part of the state apparatus as they are 'permitted'.

as monero is, to an extent, money, you can use it to transact in as far as you can convince the other party to accept it - barter. barter works a lot better with individuals, and within communities than it does with formal business. however, monero is not physically limited, like gold, butter or bullets, monero is infinitely transactable around the globe at high speed. So it is furthermore suited to the aforementioned internet based payments services. its anonymity is not a problem when you have the tech on hand, wallets, escrow services etc. so that's where it is best suited to help.

the perspective of wanting more 'real-world applications' is, in my opinion, a diversion. those shops stuck in the fiat system are passé and monero is a new technology. it's not up to monero to try and fit into a bank card, although that can be useful (and possible with iterations of cakepay) but it's up to monero to blaze a new trail for the cypherpunk ideology. to be anonymous digital money that is fungible. if you have that, it is a unique and novel value proposition that new economies can be built on.

tl;dr monero doesn't need commercial adoption.

tradeogre.com

tortoise, meet hare

welp

have we hit the local bottom?

long term, this is good for xmr, when binance inevitably gets torpedoed

looking at the stats, binance is about 34% of the exchange volume - kucoin, mexc, kraken all added together don't make up for it.

don't think many xmr users will want to KYC for some minor exchange.

I would direct people to localmonero for p2p trades, and tradeogre for private exchange.

any other suggestions? is any atomic swap protocol functional yet?

Yeah tbh fuck cloudflare, fully compromised

cloudflare to host top level US government web services .gov https://cloudflare.net/news/news-details/2023/Cloudflare-Wins-CISA-Contract-for-Registry-and-Authoritative-Domain-Name-System-DNS-Services/default.aspx

however I understand why many people use it. it's the biggest of the ddos protection services, and with ddos mitigation, the beefier the better. i've seen plenty of smaller, ethical, cypherpunk ddos services but when the big ddos comes they can't help too much.

with something like monero - it's an obvious target for censorship, even temporarily - imagine a financial crash, or nation state revolution where people want to get their money out. perfect time for monero adoption, but getmonero.org is down to ddos. therefore being with cloudflare is the best protection. however if sed flight to monero goes against the interests of the USA and they threaten to pull their $8million contract from cloudflare, things might change very quickly (one of many ways in which corporations are controlled)

i guess it's still up for debate - obviously monero is a force of decentralisation so cloudflare is antithetical. but what is the alternative?

bandcamp sold out

look forward to its demise

https://www.theguardian.com/music/2023/oct/17/bandcamp-lays-off-half-its-staff-after-buyout-by-songtradr

Thanks Terry, The first downvote was within minutes of posting. I suspect that it has more to do with posting it here (context) than it does with Assange (content). I must say thanks to the gang who have upvoted and balanced out the haters!

Either way, I've recieved the first batch of stickers today, will post a photo soon.

Furthermore, I've had communication with Kuno about the fundraiser, to verify my identity and so on. They are a cool organisation and I think I will write them up a little promotional post on Monero.town in good time. I think that fundraising is a great way to open up Monero adoption - it's not just for drugs ;). Plus their code is neat and open source, something we can get behind. I will be donating to their cause in the future!