[-] g2devi@feddit.nl 3 points 1 week ago

No but it's a good thing for a few reasons (1) XMR really needs to focus on it's primary mission. Blockchain based smart contracts make privacy harder. (2) There is no consensus on a good smart contract language is yet, especially for UTXOs so it's best to wait until a standard emerges (note there are several challengers to EVMs that might yet replace it), (3) Once something is on the public blockchain, it'll stay forever so it needs to be done right the first time so we need a mature smart contract standard (see previous point), (4) It can be handled by a parallel merge mined chain for added flexibility and experimentation so XMR might never need it, (5) the comining implementation of FCMPs has featurres that will make it easier to do, so any effort spent now will need to be thrown out. (6) Most common smart contracts like automatic payments and smart contracts and payment channels can be done by using time locked XMR and checkpoints (with clear roll back rules) and step signatures. These can be integrated into wallets to run in the background, so it might not even be necessary for most cases to hard code opcodes onto the main block chain. All you need to do is leave your phone on to handle the checkpoints. Atomic swaps and the "Monero Subscriptions Wallet" already prove this is possible. All that's needed is a more full featured wallet extension library that handles all the typical smart contract cases (i.e. currently there are thousands of smart contracts out there...most are abandoned and only a handful are actually useful. We could implement those).

[-] g2devi@feddit.nl 2 points 2 weeks ago

Given Monero's anonymity and the media lock out, it would be hard to know how popular Monero is in Russia. Haveno isn't the best measure of adoption. Perhaps Russians prefer swapping Monero for other easier to acquire crypto on Russia-agnostic DEXes? Remember also Russian citizens are masters of covert communications. Back when computer programs were on cassette tapes a common strategy was to embed programs and documents in the middle of extremely hard to listen to music like high volume death metal or MERZBOW Woodpecker #1. Any guard charged with finding illegal content would have to listen through hours of ear-bleeding and harsh music before they could detect that "something" was being hidden. Perhaps there's an active trade in the underground market which the average citizen is a part of. Perhaps they have an active independent street exchange as is available in Argentina (from what I know, street vendors tend to give the best rates).

[-] g2devi@feddit.nl 3 points 3 months ago

Since you're not asking about Haveno, the key question is, what are you trying to federate and what do you mean by localmonero?

This is what I liked about localmonero: (1) It had an easy to use web site -- this can be federated over onion; (2) it had many options (especially necessary if you're not using USD or EUR) -- federation reduces liquidity per mistance; (3) It had a reputation system for sellers -- this is hard to federate; (4) The arbiters have been proven over time to be trustworthy -- this may be impossible to federate without a reputation system.

So, IMO, your first task is to come up with a federated trust system for both arbiters and sellers. Once you have that, listings and trading can happen on any platform, even lemmy or nostr or Simplex or Haveno or something like robosats.

In my simpleminded approach, a wallet public key could have multiple reputations associated with it (e.g. seller, buyer, arbiter). There would have to be a way to confirm that sellers actually "sold" and "buyers" actually bought and arbiters actually arbitrated....I'm sure this could be done in a hidden ZK way by adding transaction IDs to the reputation . Could this be abused since a person can create multiple wallets and trade with himself? Sure, but that could also be done in localmonero and it did fall apart.

[-] g2devi@feddit.nl 3 points 3 months ago

I've tried to connect but there are so many options that I really don't know what to do. The link has a series of node addresses. What do I do with them. There are networks, people, chats, files, channels, forums, boards. Where do I enter the node information? As far as I can get so far is that I have a New Channel listed in Activity for monerohub. I can't subscribe to it or do anything except delete it. Can someone post a few screen shots from the beginning of how to get the boards for (I assume) monerohub . No explanation beyond the pictures is needed unless there's a "gotcha" step that's more complicated or behaves unintuitively.

[-] g2devi@feddit.nl 3 points 5 months ago

There is no "we". Like fiat, Monero is used by activists and persecuted people on all sides of any issue or normies in messed up countries where banks prevent you from getting your own money or normies who long for something better (either new or from the before times).

I'd be perfectly happy if the fiat system returned to the 1980s when you could get a bank account without ID, banks had to bribe you to share purchase history with "partners", banks didn't censor you because of your politics, you weren't asked questions or restricted when you wanted to remove your money from the bank, MMT did not exist, and governments provided fewer services so they taxed you less. But that world isn't coming back (at least not without a collapse). A 1960s world when fiat was still tied to gold would be better. But that's even more unrealistic without a collapse. There are still a number of people who still remember the before times, and many have a similar vision and we can reach them. Bitcoin isn't good enough...it's too public...the information on it is too permanent. Showing the account balance and purchase history of an arbitrary Bitcoiner to a normie is the surest way to turn him off to crypto, especially when that normie learns that you can find out the purchases made during their younger years. People don't want to be financial exhibitionists. So privacy coins like Monero are our only hope and our only hope to reach the normie.

People who do not remember the before times tend to either accept he current state or lean to a form of libertarianism or anarchism or agorism.

IMO, it's a good thing there is no "we". It means Monero is for everyone.

[-] g2devi@feddit.nl 2 points 6 months ago

Note with this federated approach it would be possible for some instances to add plug-ins for haveno and basicswaodex and serai.

[-] g2devi@feddit.nl 3 points 6 months ago

An old school method is to write a note with every fifth word being a seed word. Keep that note among 20 others so you cannot know what is relevant.

[-] g2devi@feddit.nl 3 points 6 months ago

Mining isn't a transmission service. All mining does is validates a transmission that already happened. If validation equals doing, then you could send all auditors and detectives and judges to jail for the crimes they investigate and convict.

[-] g2devi@feddit.nl 3 points 6 months ago

It's nowhere near as complicated as this. Anarcho-Capitalism inevitably leads to Crony-Capitalism since some people out-compete others and eventually you arrive at a state where its possible to 51% attack any system (e.g. Cantillon Effect). There is only one solution, complete decentralisation in everything so that no-one person can dominate. Bitcoin's main weakness was the lack of privacy (so real life attacks such as censorship, KYC regulations, etc could happen), lack of ASIC resistance (so power centralises), transaction speed so you have to rely on L2s, and the inability to mine your own transactions to push them forward. Monero is far better but it is not free from these issues. Mining should be so light that all wallets do it and the chance of centralisation is near zero.

[-] g2devi@feddit.nl 3 points 7 months ago

I agree to an extent, but banning from CEXes is the only way for Monero to truly become digital cash since cash is P2P. If everything depends upon CEXes, all Monero has done is replicate the existing financial institution. We might as well adopt anonymous repaid debit cards. It would have been best if this happened after Haveno, Serai, Serai integrating with the Maya Protocol, Seraphis, and FCMP (Full Chain Membership Proofs). But realistically, Haveno was taking forever, as was Serai, and FCMP were supposed to be done after Seraphis, and Seraphis might take 5 years to complete. IMO, because of the pressure with the delisting, Haveno and Serai have accelerated their development as has the interest in using them. FCMP may arrive before the end of the Bitcoin bull run. People from the Maya Protocol have also eyed Serai as a possible hub into the privacy space (since Monero proved that it won't go away or be bow to regulation) and an integration like the Cosmos integration might be possible, making Monero integration into the whole DeFi world convenient and possible.

[-] g2devi@feddit.nl 3 points 11 months ago

Why not both? No one platform dominates today. Reddit's monero community, lemmy's monero community, nostr's monero community, matrix's monero community, and twitter's monero community are all distinct. Monero needs to be supported everwhere since the world is moving away of the "one world monoculture". WRT Nostr vs ActivePub (Lemmy/Mastodon), Nostr has a unique ID assigned to each person that can be easily portable, but the over-reliance on GUIDs makes it harder to identify people. ActivePub has a more diverse community but your identity is tied to a server. That being said, it is possible to move profile identities with the host support. The GUID and identity issue can be solved in both protocols within a year with suitable software upgraded, but the community issue is a much more difficult issue to change. Nostr tends to be more geeky while Lemmy tends to be more an "every day folks" forum.

[-] g2devi@feddit.nl 2 points 1 year ago

There is no Monero company so if you want it popularized you need to be part of the solution. Go to or start a user's group. Take part in localmonero.co. Convince people to use monero for remittances and get stores, especially gold and silver shops and pawn shops to accept or sell monero. Etc

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g2devi

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