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Saki

@ Saki @monero.town

Posts
4
Comments
16
Joined
3 yr. ago

New to Lemmy. A privacy advocate. Interested in number theory.

  • The Monero pump finally explained! ... maybe

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  • I think they will be the first to have both digital ID and CBDC.

    Or possibly Israel will be? Or China. Paying/Having cash may become illegal eventually.

  • The Monero pump finally explained! ... maybe

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  • The popularity of privacy increases as there is more and more surveillance, control and censorship by states. Privacy is also being talked about and worked towards in communities of other large networks, e.g. ADA and BCH.

    Interestingly, even Zcash (a less used privacy coin) is like +60%/mo (whereas +70%/mo for Monero) against USD. A coincidence? Or a general trend?

  • The Monero pump finally explained! ... maybe

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  • Ah, AI-generated "cheap" text. That'd explain a lot!

    In addition to what you've pointed out (which perhaps many Monero users agree with) such as the paper Monero issue, I'd say that fundamentally CEXes have this conflict of interest: they're supposed to help investors or whatever, help them become rich (as if that's the point). But reality is, often customers' losses are their profits - that's their (casino-like) business. In short, they essentially want you to lose your money. And in the first place, this investment aspect is not even the point of cryptocurrencies.

    EU bans in 2027? - that's old news. Already in 2022: there were anonymous accounts ban in Lithuania for example (and the remarks by US Deputy Secretary of the Treasury about "unhosted wallets" too). Basically central entities have always wanted to regulate things centrally, but that's not how cryptos are supposed to work. I think XMR is one of the only few coins, still having this fundamental (admittedly, a bit idealistic) philosophy. Either way XMR is only a few "true" cryptos, actually being used (as opposed to just being traded as investment aka gambling). Because of that, some people, including myself, may tend to feel that Monero is essentially valuable and that the recent price movements are something that could have always happened (though, this unconscious assumption could be misleading too). So maybe... even though what's happening now might have been triggered by some criminals, that may have been just catalysts; the cause of these price actions may be intrinsic - because Monero is valuable, it's being valued. Perhpas a bit too optimistic view, but perhaps not entirely untrue either?

    Cryptographically it'd be absurd to share your sec key with CEX ("hosted" wallet). Like 30-year-old PGP/GPG key-escrow debates yet again; or worse, not even escrow, CEX users don't even have their keys. Which feels so absurd. I've never once used CEXes, except I tried no-KYC web swaps a few times (but they too are CEXes, having the same fundamental problems). Obviously pure P2P DEX solutions feel much better and safer, where Alice and Bob are mathematically / trustlessly safe as in atomic swaps or via multisigs. DEXes (e.g. Bisq, Haveno) may be for-profict business too (no free lunch), but that's beside the point. Nevertheless, it's important to realize that everything, including "no-KYC" or "DEX" solutions, may become "sneaky" if not scammy.

  • The Monero pump finally explained! ... maybe

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  • Yeah, most probably. It's crazy, though: they're now saying that: privacy-by-default = bad, no-privacy = good. That's the EU for you?

  • The Monero pump finally explained! ... maybe

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  • That's possible. I happened to see these weird/questionable theories elsewhere, not really convincing:

    "There are also rumors that major exchanges are thinking about relisting XMR, which, when combined with Monero's lower liquidity and more concentrated holdings, can lead to major price movements"

    "Researchers say part of that growth is due to a shift in the U.S. regulatory tone. The FIT21 crypto bill is picking up steam, and the SEC is taking a step back from labeling privacy coins as securities. This seems to be helping the market out a bit. It looks like the easing of pressure has led to more money flowing back into assets like Monero"

    "There is also a lot of excitement about Monero's upcoming FCMP++ upgrade, which is expected later this year."

    https://u.today/xmr-explodes-past-350-is-monero-finally-back

    "Perhaps ironically, the surge is being fueled by this regulatory purge."

    [This may be right.]

    "Monero's rise is reactive rather than entirely organic. Fearing censorship, there is a rush toward decentralization."

    https://u.today/monero-xmr-surges-with-3900-volume-skyrocketing

  • Having Trouble Upgrading to Retoswap v1.0.19 on Tails

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  • I HATE Reddit with a passion (censorship, bots, using our posts to train their AI and sell it to Google and now CQS which punishes you even for connecting in a non-AML/KYC way ) and wish the entire community would just migrate here or somewhere else.

    Yeah, when Monero.town was born, I had hoped and kind of expected that more people were coming here ! Freedom is the core value of Monero ; no surveillance ; no censorship ; no arbitrary freezing or blocking ! It was not entirely Monero.town's fault that that didn’t happen, that more people were not joining, except its Tor blocking was obviously preposterous, a show-stopper.

    You can at least try a privacy-front end such as https://redlib.zaggy.nl/r/monero/ :) Looks like Reto isn't working very well now...

  • Having Trouble Upgrading to Retoswap v1.0.19 on Tails

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  • Try not to take things too personally. Tails devs explicitly said they were making it for regular people (activists, journalists, domestic violence victims, etc.) and mainly not for advanced users. So by design it's a normie-friendly OS (a user is not even expected to know how to use pgp); as such, one might generally assume its users may not be "geeks". Nothing personal there.

    While asking questions and exchanging ideas are wonderful, one can also enjoy the freedom to study (one of the four essential freedoms), guessing, narrowing down a problem by trial and error. An attempt at solving the problem on one's own is often of great value, a great way to learn, even if it's unsuccessful; after that, one might be able to ask an even better question, which could be helpful for more people too. Either way, I think that most Monero users can happily agree with each other that we want a better version of bisq :) (Sorry if this comment is uncalled for.)

    Maybe this is why no one ever posts here.

    Imho (quite) a few users ditched monero.town when they had started blocking Tor.

  • Deleted

    Microsoft to test “new features and more” for aging, stubbornly popular Windows 10

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  • For those who are still on Win 7: Firefox (and so Tor Browser) will stop supporting Win 7 soon. Seriously, you better plan to migrate to Linux. Not-so-good privacy issues aside, everyone knows Windows is not very secure/safe/convenient anyway.

  • This is how it's done. Use their own weapons against them.

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  • Generally, votes are overrated. Especially if you’re not mainstream, by definition most people won’t support you, won’t agree with you, won’t understand you.

    Some things may be downvoted because they’re too stupid. But occasionally, you might be downvoted simply because you’re a bit too early. Like, if you’d said “being gay is not crime” or something 50 years ago, you might have got downvoted… Just a thought.

  • Proposal for peer-to-peer trading room on Matrix with no KYC and no trade fees

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  • Maybe what you’re thinking is like an XMR version of Bisq's “Get your first BTC” room?

    https://bisq.wiki/Getting_your_first_BTC This dilemma is real and understandable, while it’s not clear what would be the best solution:

    For new users, Bisq requires between 0.002 and 0.007 BTC for traders to make their first trade: [...] It can be difficult for new bitcoiners to acquire their first coins, so this requirement is often a barrier for new Bisq users. The Get your first BTC room offers one possible way to get this initial bitcoin without signing up for a centralized exchange.

    Basically the same thing for Haveno, I guess.

  • What's your experience with cakepay? Waiting for more than a week for my gift card...

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  • According to @azalty@monero.town, Cake Pay works fine if you’re fine with KYC, and otherwise you may just lose your money: https://monero.town/post/872283

    If you’re a privacy advocate not fully supporting KYC but want to try this anyway, then try a small amount, because you may lose all your money. Another recent option is more privacy-friendly and KYC-free, but the fees are higher with them.

  • Monero Mining @monero.town
    Saki @monero.town

    Nintendo Switch gets 230 hashes per second mining Monero

    nitter.oksocial.net /DontTraceMeBruh/status/1729488206863704136
  • Monero @monero.town
    Saki @monero.town

    A lemmy.world XMR post more active than here, with unexpectedly (?) sympathetic comments

    monero.town /post/1045387

  • Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach

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  • I do agree most cryptocurrencies are scammy, or traded speculatively. It’s a free country, so one can do whatever they want to with their own money, but I personally think they’re like greedy gamblers.

    I’m a Monero user, not a trader, not an investor. I have Monero because I use it. I support it because I’m a privacy advocate. I’ve never even once used a CEX, totally unrelated to investment. Your points may be valid for those investor people, though.

  • Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach

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  • Exactly, except not “the entire”, but “almost entire”?

    Monero has been largely detached from CEXes, no companies, no middle men… Many users still have that idealism, a cypherpunk philosophy, that which Bitcoin tried to achieve originally. It’s community-based and crowd-funded… Some of that fund was stolen, so we’ve got to admit that the Monero community was not so smart after all… Yeah, a bit embarrassing tbh. To err is human, I guess.

    For example, we do have a zero-fee donation site kuno.anne.media and recently help some girl buy a laptop or doing things like that. Some of Monero users are idealists by nature, maybe silly dreamers or naive philosophers, but definitely not greedy HODLERs. Weird people, either way, haha 😅

  • Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach

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  • The linked article (and so AutoTL;DR) is not very accurate. If you’re interested in this incident, read the original post, which is short and compact. General media articles are only quoting or re-quoting this thread, typically with some misunderstanding.

    Specifically (about this post): Among other things, multisig is only suggested; nothing has been decided yet.

    Generally (in many similar articles): Probably a specific local machine was hacked, though no one really knows yet what happened. It’s unlikely that the Monero network itself was hacked.

    Since I’m a Monero supporter, obviously I tend to say good things about it, but frankly, the ironical fact here is, Monero is so privacy-focused that when something like this happens, it’s difficult to identify the attacker—i.e. by design Monero also protects the identity of the attacker. Some Monero users are having this weird, paradoxical feeling: it would be nice if we could catch this evil attacker, but being able to catch the attacker would be in a way very bad news for Monero (if you know what I mean) 😕

  • Monero Mining @monero.town
    Saki @monero.town

    P2Pool v3.7 & the recently fixed cURL bug

  • Monero Mining @monero.town
    Saki @monero.town
    v3.6 3.6.1 unstable on Mac/Win?

    P2Pool v3.6.2 released

  • What are your favorite resources (guides, studies, etc) to learn about privacy?

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