[-] XmrLovingAncap@monero.town 2 points 1 day ago

Just in case someone isn't aware of it yet:

Kewbit scammed the Monero Community so stay away from his stuff (haveno.com etc)!

If you're interested in the REAL haveno mobile version you should look at this here: https://github.com/atsamd21/Haveno-app

[-] XmrLovingAncap@monero.town 4 points 5 days ago

Thanks and sure, no Problem :)

[-] XmrLovingAncap@monero.town 4 points 6 days ago

I don't think it's so bad tbh. If you look at BTC/BCH they have 10min block time so if you wait for at least 1 confirmation you have around 3 XMR confirmations on average. But for bigger sums you most likely want at least to wait for a second or third which brings you close to or close above 20min. (For really small sums you can just accept 0-conf. Monero does NOT have RBF (replace by fee), so the other person can NOT betray you.) And that is only IF you get into the next block (which is a problem for BTC).

In reality, if you start using Monero, vast majority has more than a single output, so you can buy a few things in quick succession. Also you can just use Cake as a receiving wallet and then Monerujo as your spending wallet, which has the feature named Pocket Change (that makes sure you always have a bigger amount of outputs available). That's why I'd argue that the 10 block lock isn't really a big hindrance in reality.

[-] XmrLovingAncap@monero.town 5 points 2 weeks ago

I agree. With the mobile app around the corner it's going to be even better. Haveno is basically Normie-ready xD

[-] XmrLovingAncap@monero.town 6 points 4 months ago

No, thank you. The only communication with exchanges should be 'please delist us, we have haveno now (and serai soon)'.

Besides that, every single one of us is capable of telling people about the use-case and advantages of monero (and potentially help others to start using it).

So yeah, I like my monero without an official head, that would be chopped off anyway.

10
submitted 10 months ago* (last edited 10 months ago) by XmrLovingAncap@monero.town to c/monero@monero.town

So I got some stats from one of the bigger vendors at PorcFest this year:
Percentage of revenue:
Cash 72.2%
Goldbacks 11.77%
Monero 5.42%
Silver 4.44%
Zelle 2.69%
Bitcoin Lightning 1.82%
Bitcoin Cash 0.62%
Litecoin 0.56%
Bitcoin 0.47%

The vendor accepts any crypto. Over the years he also received Dash, XRP, Doge, TFuel and ETH.

The percentage of crypto sales in general was:
~7% in 2022
~9% in 2023
~9% in 2024

So the numbers, only looking at crypto, are:
XMR 61.0%
BTC LN 20.5%
BCH 7.0%
LTC 6.3%
BTC 5.3%

22
submitted 10 months ago* (last edited 10 months ago) by XmrLovingAncap@monero.town to c/monero@monero.town

Holy! I might be a bit late to the party, but I just checked the recent numbers from ShopInBit.com for june:

#Monero 74,54 % 👀🤯🥳
#Bitcoin 23,64 % 😂
#LightningNetwork 1,73 % 🤣
FIAT 0,08 %

https://xcancel.com/shopinbit/status/1811651225005195471

Also they said if Monero surpasses the volume of Bitcoin in the next two month, they change their bio to "Europe's biggest Bitcoin and Monero Store" (which should obviously name Monero first but whatever xD).

Btw the numbers for coincards.com show a similar but not as devastating picture:

#XMR: 34.4%
#BTC (Onchain): 25.96%
#USDC: 20.20%
#ETH: 9.84%
#LTC: 2.49%
#Solana: 2.31%
#Dogecoin: 2.09%
#LightningNetwork: 2.08%
#USDT: 0.58%
#Dai: 0.04%
#Matic: 0.01%
#Dash: 0%

https://xcancel.com/CoinCards/status/1809702144288882870

[-] XmrLovingAncap@monero.town 5 points 1 year ago

Oh wow, it's already funded xD

Important milestone that needs to be researched for FCMPs. Let's hope they find a proof!

[-] XmrLovingAncap@monero.town 6 points 1 year ago

Why should the goverment stop at the point where they can see your incoming balance? They probably gonna outlaw it completely.

If you still believe a monopoly on force (aka goverment) is A: warranted and/or B: needed I can't really help you.

The state is the biggest threat to our liberty and well being. Monero is here to help us get rid of it (or to just get our well deserved freedom back).

They're going to introduce their CBDCs so they're able to see every transaction (in- and outgoing). To automatically deduct taxes and block you from transacting completely if you don't comply.

[-] XmrLovingAncap@monero.town 6 points 1 year ago

As far as I know PoW leads to more decentralization (especially in combination with ASIC resistance) and therefore a more secure network. Energy efficiency comes through advancements in chip manufacturing.

43
submitted 1 year ago* (last edited 1 year ago) by XmrLovingAncap@monero.town to c/privacy@lemmy.ml

I was kind of blown away to what length the developers go to ensure your communication is as safe/secure as possible (while still delivering a very useable app).

[-] XmrLovingAncap@monero.town 6 points 1 year ago

Another full node selfhoster here. I did not notice any problems for me (except some transactions taking some time for confirmations), but I tried to onboard someone earlier and wondered why his freshly installed cake wallet acted weird. You might be onto something about official/public full nodes being overwhelmed or something.

[-] XmrLovingAncap@monero.town 7 points 1 year ago

I agree blockchain growth could become a problem someday. I think it's not right now and it probably won't be in the next few years (as @monerobull already pointed out).

I'd recommend watching this monero talk episode, because near the end Luke Parker (kayabaNerve) talks about what's next for monero after seraphis/jamtis. And to me it sounded like there is a solution for the blockchain growth problem in there (nova or what it's called?). https://www.youtube.com/watch?v=GhNljgiQKp8

I think for now full chain membership proofs are one of the most important things for us (i.e. fixing the weakest link in the system aka ring signatures). After that we're mostly set on privacy and focus on other things like blockchain growth/accessability etc. (which seraphis/jamtis also tackles).

About the currency and store of value topic: In the literature it's often said money or a currency has three functions -> store of value, transfer of funds and unit of accounting. Thorsten Polleit argued in one of his latest books that these three functions actually can be condensed into a single one -> transfer of value. Store of value is just a transfer of funds through time. And unit of accounting is just that a business wants to pick the most liquid exchangeable good which circles back to transfering funds effectively and efficiently.

If you're now saying monero should be aiming for becoming the best currency, but not a store of value, you limit it's capability as a currency as transfering value (through time) is the fundamental function of a currency.

So we need to find a technical solution to that problem without compromising on the currency aspect.

So to wrap up, I appreciate your input as I agree, we need to always keep the shortcomings of monero in mind and work on improving them. I think the discussion around and permanent reevaluation of monero is one of the things that made it what it is today and if we can keep the spirit going it's what it'll make it successful in the future too :)

[-] XmrLovingAncap@monero.town 9 points 1 year ago

Are you aware of Localmonero? Also with services like Allark, Coincards, ShopInBit, ProxyStore, Monezon and AnonShop I don't really see a big problem of converting your XMR into fiat or products you need :)

53

https://nitter.net/watchfund/status/1732391070216908886

Either a whale was generous or the hacker felt bad? 🤔

21

Just stumbled upon this video. Never heard of this channel. But the explanation of Monero and some of it's features are pretty good.

view more: next ›

XmrLovingAncap

joined 2 years ago