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Simplex Group for former Agora/LM sellers and buyers
(simplex.chat)
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this post was submitted on 21 May 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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Keep in mind that Haveno has launched and is going to be better than doing direct deals because you still have an arbitrator involved and multi-signature wallets. The Haveno reto network already has over 100 Monero worth of offers at almost all times and is growing rather rapidly. It was only launched less than a week ago.
https://monero.town/post/3143272
I am using haveno-reto but it doesn't do everything I need it to do
What does it not do? Perhaps that's functionality that can be added into the software.
It's not capital-efficient for high volume crypto-fiat sales because every coin can only be listed/earmarked with a single payment method. Meaning I can't list all my XMR at once with every payment method I take as an option, just one. I was told if I make a custom listing with all my payment methods then I'd basically be fucked in arbitration. So I can tie up all my available coin with one payment method in one listing, or pick a few payment methods and split my coin among a few listings. None of those options are efficient for crypto-fiat.
Ways I'd currently use haveno-reto:
But the way it's set up for fiat is too limiting for my business model.
That's done because of network latency. With a centralized service like local Monero was they could offer that because if somebody took an offer for one payment method they could immediately disable all the other ones so that there was no conflict and double locking of Monero or fractional reserving of Monero. Running everything over the tor network introduces drawbacks and latency is a huge one and so they cannot guarantee that quality. If you had the same Monero earmarked for say three different payment methods and somebody took one and somebody else tried to take a different one, that Monero would not be available.
Is there a guide for setting up haveno reto on arch? Is it on the aur?
Not that I am aware of, and no. I think there might be a flat pack, but I'm not totally sure on that. What I have done is set up a virtual machine, and I run it in that
I will send info once arch info is ready
Because it's completely decentralized and there is no centralized server to shut down. Absolutely everything runs over the tor network. The only thing that needs to happen is that there needs to be a number of seed nodes in different countries. Once there is enough of those, the network can literally never be taken down. Well, without shutting off the whole internet, that is.
@shortwavesurfer @helenslunch
Also looks like the community has chosen Simplex for instant messaging.
Great to see it being used this way.
Exactly. Use these decentralized technologies in the best way possible.
There's not one arbitrator. There's multiple arbitrators across the world. All running over the tor network. So you have to find them all first. That would be easy enough to defeat by just purposely having some arbitrators in countries without extradition treaties such as Iran.
Oh, absolutely. But even if you can find them, if there's no way you can get them, then it's pointless.