I just saw them on kycnot.me, and gave them another try, not bad at all, it’s been what, 2 years they’ve been around? It seems like the OGs stick around. Another XMR ramp is always welcome.
they’ve done worse every time I used them: they jacked up the price well after my deposit was detected by them. I ended up losing several percents compared to the price they promised.
it’s a scammy service and they invest a lot into event sponsorships (for conferences, meetups) to gain visibility. they also leave useless comments on GitHub issues, which also looks like self-promotion. just like this useless Lemmy post. I’ll never use them again.
yeah, you created an account and posted this right after and nothing else. you must be totally not Majestic Bank yourself.
you ripped me off every time I used your service. you skewed the price in your favor by several percentages after my transaction was detected, while the trade was processing. I even corrected my calculation for price volatility during the trade, so you can’t say “sorry, the market tanked while you were waiting”. overall I usually ended up losing 4-5% compared to mid-market prices at the time of the first confirmation of my deposit. (for perspective, this was in times when XMR had good global liquidity and anything above 2.5% loss was basically a ripoff.)
the only remotely positive thing about you is that you pour a lot of money into Monero conference sponsorships. this self-advertising is the sole thing that keeps your reputation within the Monero community from going to zero.
your shitty practices ensured I will never trust you again. get lost.
Does anyone know an unfreezable stablecoin that is the least at risk of becomming another TerraLuna? I love Monero but its too volatile to keep 100% of my life savings in an unfreezable stablecoin is CRUCIAL. This is such horrible news. Fuck Rune Christiansen for this shit!!
as someone who has studied both, I would recommend LUSD (v1) over dai. LUSD was launched 3 years ago, so it stood the bear test. the minimum collateralization ratio of 110% applies to individual troves as long as the total system collateralization is over 150%. once that’s breached, troves are required to have 150% minimum. the Achilles heel is the oracle. if Chainlink pulls the rug, which they can, it’s over (sadly, Tellor is used by Liquity in a way that it can’t protect against a Chainlink apocalypse). Maker is somewhat better in this because they use Chronicle, which is ran by more trustworthy people, but I’m almost sure they haven’t made their contracts immutable. if that is the case, then the same attack vector exists there.
as you’ll see, neither of these are the solution we’re looking for, and they both run on the no-privacy, hypercomplex, captured, constantly changing Ethereum blockchain, so… fuck.
but dai for a long time has not been what the market thinks it is. avoid it.
TLDR: I am afraid the Seraphis upgrade might make it possible for governments to pass legislation demanding all businesses and exchanges to collect wallet view keys from users for any and all transactions involving Monero and maintain records, hence allowing state sponsored blockchain analysis companies the abilty to ‘Trace’...
We’re waging war against big tech. For those of you who don’t know, we posted an article criticizing Mullvad’s use of Gmail, and surprisingly thanks to you guys sharing it, they actually changed. Using this momentum, we’d like to turn towards among the biggest “fake privacy” offenders of them all, AnonShop and what...
Binance is doing leverage ? Or speculators leveraged the bounce on Binance (still not really delisted until the 20 Feb). These people (if they can be reached) should more be advised to trade in spot, on places where they can actually withdraw funds to use them.
there is nothing that requires a perpetuals market to have a lower volume than the whole spot market for the underlying asset. perpetuals are derivative assets, the reason they exist is to enable trading regardless of access to the underlying asset’s supply.
side note: Binance will shut down their XMRUSD perpetuals with the delisting, but they will keep running their XMRUSDT perpetuals (USDⓈ-M XMRUSDT):
Please note that users may continue trading USDⓈ-M XMRUSDT and ANTUSDT Perpetual Contracts.
Following delistings, Monero will need to also decentralize it’s price tracking. How can the monero price can be known in a decentralized way ? Like aggregating DEX prices in a oracle ? Or fetching directly DEX public peers ?
on the major existing decentralized exchange, Bisq, you already have a publicly observable price feed for XMRBTC. you can calculate XMRUSD based on that and a BTCUSD price feed that you trust.
DEXs that are in the making, namely Serai and Haveno, both plan to have at least one XMR pair with an Ethereum-based dollar-pegged coin. I suppose, although I’m not sure, that at least in the case of Serai the trades on that pair will have publicly observable prices.
Haveno will also have non-blockchain, actual fiat (cash, wire, payment apps) pairs with XMR.
you can take sources like this and calculate an average or a median. current price aggregators, like coin listing sites, will probably do the same, so it’s likely that even in a DEX-only future you’ll get your prices from the same sources as today.
heads up about the screenshots – when you need to obscure text (or anything else) on a picture, don’t use blurring, pixelization or similar effects. they can be brute-forced and the original text can be retrieved, with trivial computing power. always use color fill to obscure data, and don’t make it exactly as big as the data is (~visual padding).
this concept has been discussed before as "return addresses". it would marginally increase the transaction size and thus the storage requirements, but it's possible and seems reasonable. it looks like no one pursued it since knaccc formalized it. nevertheless it's on the roadmap ("Future" tab).
"bloat" would be an exaggeration. if you take 1 in / 2 out transactions as representative, it's a ~2% increase in transaction size (presuming knaccc's numbers apply to the presently used Bulletproofs+ transaction format).
I'm not sure deleting your history is a good idea. Reddit posts and comments form a vast amount of valuable knowledge built over these 9 years. if everyone does this, that collection of knowledge will be lost.
it makes total sense, but I hope it's clear that it also has a price (loss of publicly accessible knowledge) that both all of us and future generations of Monero users will pay. is there a way to archive all of r/monero and host it somewhere in a searchable form? that would make it more worth it.
Holy shit Majestic Bank is still around, I had forgotten about them. (majesticbank.sc)
I just saw them on kycnot.me, and gave them another try, not bad at all, it’s been what, 2 years they’ve been around? It seems like the OGs stick around. Another XMR ramp is always welcome.
Since DAI is currently being destroyed
Does anyone know an unfreezable stablecoin that is the least at risk of becomming another TerraLuna? I love Monero but its too volatile to keep 100% of my life savings in an unfreezable stablecoin is CRUCIAL. This is such horrible news. Fuck Rune Christiansen for this shit!!
Paranoid about the Seraphis upgrade
TLDR: I am afraid the Seraphis upgrade might make it possible for governments to pass legislation demanding all businesses and exchanges to collect wallet view keys from users for any and all transactions involving Monero and maintain records, hence allowing state sponsored blockchain analysis companies the abilty to ‘Trace’...
AnonShop ain’t that Anonymous (simplifiedprivacy.com)
We’re waging war against big tech. For those of you who don’t know, we posted an article criticizing Mullvad’s use of Gmail, and surprisingly thanks to you guys sharing it, they actually changed. Using this momentum, we’d like to turn towards among the biggest “fake privacy” offenders of them all, AnonShop and what...
Binance is over leveraging on their perpetuals volume (160% vol. of the market)
Binance is doing leverage ? Or speculators leveraged the bounce on Binance (still not really delisted until the 20 Feb). These people (if they can be reached) should more be advised to trade in spot, on places where they can actually withdraw funds to use them.
How happy are you with monero.town?
The instance is now over half a year old and so far we’ve experience decent growth and minimal downtime....
Monero price tracking question
Following delistings, Monero will need to also decentralize it’s price tracking. How can the monero price can be known in a decentralized way ? Like aggregating DEX prices in a oracle ? Or fetching directly DEX public peers ?
What's your experience with cakepay? Waiting for more than a week for my gift card...
Did you buy a gift card from them? Did it work and how long did it take to get the card?...
"refund" transactions
Is it possible to, without any extra knowledge, send a transaction back to whoever sent you monero?...
Wipe your reddit history, shill monero.town (or lemmy, or whatever)
If you’re considering leaving Reddit, consider also salting the earth on your way out!...