XmrLovingAncap

Currently it's usually between 30-50 uXMR (Micronero) (0.00003-0.00005 XMR).

This would go down the bigger the amount of transactions gets, but it will increase with the FCMP++ upgrade.

Yes, ɱ is basically just a short version for Monero/XMR. Denominations for Monero are just plain metric system prefixes: mXMR (milli-), μXMR (micro-), nXMR (nano-) and pXMR (picoXMR).

Have you tried Retoswap?

I mean you need a PC to trade on (mobile is coming) and it's not instant, but most people are very quick with crypto<=>XMR swaps so it feel basically instant.

Have you read/seen the following? https://monero.observer/openmonero-hacked-reports-all-funds-stolen/

Openmonero isn't really the answer.

It would be nice if we'd be able to make trades without arbitrators and a 100% security budget on Haveno. Or have a system where you can choose your arbitrator (with some sort of profile page for them). So arbitrators could build trust. Solving decentralized trust systems isn't easy.

Mini and Nano (in regards to P2Pool) are separate Mining pools. Think of them as a very big miner. The bigger the miner (i.e. more hashrate) the time to hit a block is lower and therefore he receives more rewards per time interval. The smaller pools (Mini/Nano) are for people with low hashrate devices so that the blockreward gets split somewhat equally between them.

For example if you would mine with a very low hashrate on your own, you'd maybe hit a block every 10 years. If you then combine your hashrate with other miners, that have a comparatively high hashrate to yours, the pool hits blocks much more often, but you won't get rewarded that often because you didn't participate that much. If you then join a pool with people with low hashrates, your mining pools hits blocks more often than you would by yourself, but not all too often. But it's also much more likely for you to get rewarded a piece of the block reward, as you contributed somewhat equally to the pool.

I hope this explanation helps with your understanding and I didn't butcher to many details 🙃

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

Thanks and sure, no Problem :)

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.

The 'KYC' informations you need to provide are just necessary informations for the trade (like an address for cash by mail or your bank account for SEPA). Also those informations are stored locally and only revealed to your trading peer when needed. So no complaints there from me.

And unlicensed? What license do you expect? We're free humans that just exchange wealth in a voluntary trade. No license needed.

The process is not really complex, but you need to do it once to really grasp the concept. But it's pretty much self explanatory. Depending on your region Zelle/CashApp can be used, yes.

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

Even though it's more like Twitter I see pretty good discussions on Nostr. So maybe take a look at that? https://following.space/d/ygm6vtdp3arx?p=af740d198babb8c7b82d0a4718eb354bb3f6af9a98639b85d4a5cf1371caba85

Okay, your comment shows that Monero truely is the one continuing the real cypherpunk legacy. Getting delisted is just a sign that it is dangerous for the elites. The delistings brought us Haveno, a Bisq equivalent. We're already seeing Haveno havening more volume than Bisq and it's not even a year old. So the need for centralized exchanges isn't needed for Monero anymore.

But okay, let's play with your idea.

Monero's weakest part of privacy gets fixed probably around end of the year (as we then move from ring signatures to full chain membership proofs). Then Monero has pretty much perfect privacy when it comes to cryptography.

Let's say BCH can achieve that same level of privacy in a few years. You don't really specify a time horizon so let's say 2-3 years? Basically 2 years after Monero's upgrade?

When the upgrade for BCH hits, the need for BCH users to swap to XMR most likely won't be there anymore. But it depends on the actual implementation. To get that privacy you probably need to make at least one normal TX. Which should have a fraction of a penny as fee? In 2-3 years we also most likely have Serai, a decentralized instant swap service where you can also swap BCH into XMR with the fee equivalent of one to two TXs. Atomic swaps also take two TXs worth of TX fees I believe but these take longer for the swap to finish.

So for BCH users you can either choose to use a privacy token minted on BCH or swap into the most private coin XMR. Either one will most likely cost you only a fraction of a penny.

For XMR users it won't really make sense to switch to BCH except for when the vendor doesn't accept XMR but instead would accept BCH. Which I don't see anywhere currently. I mostly see Monero overtaking BTC onchain and LN at pretty much any service that accepts both or all three (see the usage volume numbers of ShopinBit, Coincards, OrangeFren, MyNymBox, silentlink and Proxystore)

https://xcancel.com/shopinbit/status/1912191172740821189 https://xcancel.com/CoinCards/status/1907477293489909882 https://xcancel.com/OrangeFren/status/1913165293615976514 https://xcancel.com/mynymbox/status/1914712805971738701 https://xcancel.com/silentlink1/status/1836839383833391206 https://njump.me/nevent1qqszzpsusyqysljs8dldqhfsnzzshp5x56jvmgzu9ptlantpl8qn6rgprdmhxue69uhkummnw3ezuur0wf6x2mt0dejhymewvdhk6q3qtn0q609j0nzeh0zpxtll5hrwwnr4ulny5kh4jtsat3hqarwvnerqxpqqqqqqz74matc

I don't really know what kind of DeFi you're alluding to but with Haveno and Serai we have two decentralized exchanges that can't be stopped anymore. Also the FCMP++ (full chain membership proof) upgrade will enable more L2s and such for Monero.

When it comes to ASICs and network security: BTC has a ~262 times larger marketcap than BCH and a ~233 times bigger Hashrate. So congrats, you guys are technically slightly more secure than BTC in relation to ones marketcap. For Monero the numbers aren't as easily calculated as it uses a different algorithm but the factors are the following: BTC has a ~375 times larger MC but only needs 206 times as many miners for their respective hashrate. That makes Monero even better secured than BCH in relation to it's MC.

So when the time comes for BTC and/or BCH to switch their mining algorithm because quantum computers can break the sha256 hash function, all of the current mining equipment will be useless. That's gonna be devastating for the miners of BTC/BCH. The miners of XMR only need a software upgrade though ;)

And last but not least you say BCH wouldn't need a tail emission. When we look at the relation between the block reward, sum of TX fees and the total reward for miners we can clearly see, that BCH is even worse than BTC. BCH hovers at about 0.1% of the total miner reward coming from TX fees currently with a recent spike to 0.6%. BTC is more in the 1-2% range. Good thing for BCH though is you guys can just scale up the number of TX thanks to dynamic block size. So if BCH wants to keep it's security budget you guys need a 200-1000x in TX volume or price without increasing the MC or Hashrate. I don't think an increase in usage comes without an increase in price. So you guys have to live with a drastic increase in TX fees.

In contrast Monero can just increase it's user numbers without needing to increase TX fees, as the block reward pays the miners.

https://bitinfocharts.com/de/comparison/fee_to_reward-btc-bch-xmr.html

At the same MC Monero is going to give you much cheaper TX while having a higher security level (hashrate per $ of MC) than BTC and/or BCH.

Monero's dynamic block size did not fail! There was a slight error in the wallet implementations. The wallets were always choosing the lowest possible fee, even as the mempool filled up. After the fix they now start to choose a slightly higher TX fee when the mempool gets filled, which let's the blocks expand much quicker.

What's the argument here? BCH is going to have a feature to enable minting a token on BCH with privacy comparable to Monero in a few years?

Why should anyone switch to this token instead of using Monero? Wouldn't it take like an onchain TX to switch BCH into this token? Why would I do that if I can already swap into XMR for a negligible fee today?

And even if it had an equivalent level of privacy, BCH still has no tail emission and no ASIC resistance.

Also today Monero rivals Bitcoins usage and not BCH.

So yeah, bold claim, but not much more it seems.

For me the link works, but the site looks a bit broken on mobile 🤔

If your trading partner changes any aspect from the trade you can get an arbitrator involved. That's why we have a security deposit. The arbitrator then decides if you are getting scammed by the other party in any way and if so you get (part of) their security deposit (and maybe your money back depending on what exactly happened).

Do not just blindly suck up any fees that weren't mentioned in the original trade.

Are you aware of p2pool (decentralized pool with 0% tax)? Also there is gupax.io for easy mining setup with p2pool. Oh and then there is gupaxx (notice the two x on the end). Might want to look into this :)

XMR_loving_AnCap

@ XmrLovingAncap @monero.town

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XMR_loving_AnCap

Question: Transaction costs? Microtransactions?

1 ɱ = ... (?) 1 XMR? or some sub denomination?

Looking for a non KYC exchange to buy/sell XMR now that Tradeogre is gone

Permanently Deleted

Decentralization & Trust Models in Monero DEXs — Some Observations

novice question concerning xmr nano and mini chains

Monero/Crypto revenue stats from Porcfest

Building a TCP Tunnel to a Tor Onion Service in Rust with Arti for Haveno Mobile

10 Block Lock

10 Block Lock

What happened to localmonero, localcryptos, and LocalBitcoins? Did competition close them, or was it governments? Is paxful a non-kyc alternative, particularly for localbitcoins?

What happened to localmonero, localcryptos, and LocalBitcoins? Did competition close them, or was it governments? Is paxful a non-kyc alternative, particularly for localbitcoins?

Post of Mine Critiquing r/monero That Was Blocked by r/monero

Fiat Exchanges

How BCH Will Make Monero Obsolete - The Bitcoin Cash Podcast

How BCH Will Make Monero Obsolete - The Bitcoin Cash Podcast

How BCH Will Make Monero Obsolete - The Bitcoin Cash Podcast

German news site BTC-ECHO misses the mark in Monero video

What if Haveno trading partner sends different payment currency?

Mining without joining a pool?

Do you consider Monero as investment or only the payment option?

Usage numbers of crypto at PorcFest 2024

XMR usage/adoption numbers for june are... 👀🤯🥳

Interesting article about SimpleX chat's security design/considerations - monero.town

Seems like the monero general fund received 2696.73 XMR 🤯🥳

Actually good explanation video of XMR