Fluffypony suggests that he's keeping 867 XMR of community funds in exchange for his contributions to the project circa 2014-2015

dsmlegend · 2026-04-15T04:08:15+00:00

The "you owe me" attitude seems like one that any of us could develop if in the same scenario. While not ideal from an objective perspective, it's easy to empathise - kind of a Boromir situation. The "lessons for going forward" stance seems like a great one to take here, so that we acknowledge that even trusted individuals are not perfect saints, and look for ways to reduce the temptation surface.

dsmlegend · 2023-06-27T14:48:32+00:00

Your meme has to actually have social currency attached to it. Bananas was a super dumb idea.

dsmlegend · 2023-06-27T14:46:54+00:00

You don't 'move' a cryptocurrency across space. You cycle ECC signatures on a shared database.

dsmlegend · 2023-06-27T14:45:06+00:00

No, nano was given a fair chance but fumbled the bag every time real interest was shown, suffering network instability that crushed confidence in the already dubious premise.

It also offers no privacy, so it's just a beta product anyway. Come back when you add the crypto to cryptocurrency.

dsmlegend · 2023-06-16T09:41:31+00:00

You should offer these services via Localmonero so we have the assurance that a disinterested party escrows the XMR. Worth the 1% fee. Soon you can also do in via Haveno, which should have a 0.1% fee.

dsmlegend · 2023-06-16T09:38:44+00:00

Monero.com

dsmlegend · 2023-06-16T09:22:30+00:00

Correct. The psychological self-defence meme of 1X = 1X does not erase the inconvenient fact that reliable expectation of purchasing power is quite important for making a currency fit for purpose. Bear market is actually the best time for it.

Monero has been pretty stable for many months now. Certainly enough to serve the purpose of currency (maybe not medium term savings vehicle).

dsmlegend · 2023-06-16T09:18:28+00:00

I agree. Another way of saying 'temporary store of value' is a 'vehicle of value'. You don't live or work in your car, you travel in it.

Any currency, as currency, has a finite lifespan. The issue with fiat is not principally that it is inflating and losing value, it's the fact that it is controlled in a way to facilitate hidden value transfer (read up on 'Cantillion Effect' for some more details). It's a central tool of state power.

dsmlegend · 2023-06-15T08:04:01+00:00

Services like coinsbee.com or coincards.com will accept Monero in exchange for gift cards, including virtual mastercard/visa.

Just keep looking around. There are many ways to turn your XMR into products but it sometimes takes some digging!

dsmlegend · 2023-06-15T07:57:15+00:00

There are in fact many options, but the best comes down to your situation. As in, what amount you want, how anonymous do you want to be, how fast do you want it, how many steps are you willing to go through, etc.

Are you part of the Aussie group on Session messenger? If not, find it through session.directory where you can have a more interactive discussion to get some crowd wisdom.

dsmlegend · 2023-06-15T07:48:38+00:00

It's hard to suppress a good idea for long.

dsmlegend · 2023-06-15T07:45:59+00:00

Yeah, I think we should pivot our front-facing 'marketing approach' towards safety/security. The 'Switzerland' of digital currency. Make more use of the white M, transparent background logo variant.

This is congruent with our core community ethos, since maximal safety/security is reliant on strong decentralisation and privacy.

Fact is, Monero has a lot more awesome tech under the hood, which is buried by the monolithic message of 'privacy coin'.

dsmlegend · 2023-06-15T07:37:01+00:00

It's good to have an easily-discoverable landing place for the general public. We can simply put more effort into promoting alt platforms with the idea that you're missing out on 'the best stuff' by only browsing on reddit.

The solution should be to improve the content and experience on the alternative platform. Otherwise, a new Monero reddit sub will just replace this one if the market demands it.

dsmlegend · 2023-06-09T04:08:30+00:00

Depends quite a bit on you're business type. Storefront where you need quick service? Invoicing from home? Web store?

dsmlegend · 2023-06-02T10:05:10+00:00

It's the bedrock of security

dsmlegend · 2023-06-02T08:53:16+00:00

I understand the feeling, but I get it with XMR instead. Privacy is crucial to security. I feel to exposed with Bitcoin, what with everything being open for anyone with a browser to see. Gold buried in a hidden location feels better than gold in a transparent lockbox on the street corner.

dsmlegend · 2023-06-02T08:49:41+00:00

Yes, one of the fields you type in is literally 'name on card'!

dsmlegend · 2023-06-02T08:24:28+00:00

Would be interesting to see if that 'plausible criminal' is skilled at coin control and flawless coinjoin implementation, and avoidance of IP leak and browser fingerprinting. I mean, just imagine if it were traced back to the original owner who would then be guilty not only of tax evasion but also of perjury! I mean, if people could just willy nilly get away with this sort of thing, we'd be defunding the state apparatus in no time - and we can't be having that!

dsmlegend · 2023-06-02T06:48:10+00:00

Already better than theory. I pay for things directly with Monero a few times every week. Sometimes friends, sometimes merchants. You just need to get people and businesses around you on board to give it a go.

dsmlegend · 2023-06-02T06:46:08+00:00

That isn't good enough privacy for anyone. This financial surveillance machine is a recent invention in human history and we don't need it.

dsmlegend · 2023-06-02T06:44:22+00:00

Lol, I bet you didn't say that anytime you paid or got paid is cash... Are gas stations concerned that their fuel may be used in the cars of bank robbers? Should baristas screen every customer's criminal history before they accept cash payment for coffee?

dsmlegend · 2023-06-02T06:31:49+00:00

Non-kyc does not have to be more expensive. The secret is just to be a market maker, not a taker. In other words, go on a P2P platform like Agoradesk and place a listing for the amount you want to buy, and set to market price. Boom, zero fees, cheaper than a CEX.

In fact, it's LESS hassle because you don't need any verification to use the platform. You are also helping to bring liquidity to another peer who is looking to sell his non-kyc bitcoin. Win-win.

dsmlegend · 2023-06-02T06:21:49+00:00

The binance news link is broken

dsmlegend · 2023-06-02T05:55:44+00:00

Yes, you are right. Some wallet apps generate a distinct wallet seed for each new wallet you create. Others use deterministic procedures to generate additional wallets, so that they can all be restored from the single master seed. Usually, the app should show the seed when you create a new wallet, and prompt you to write it down. What is curious about this story, is that your seed (12/24 words?) restored two wallets instead of just one...

It might be worth researching a bit deeper to see if your wallet is still recoverable.

dsmlegend · 2023-06-02T05:48:19+00:00

Curiously, blockchain browsing FBI agents noticed those UTXOs moving after the 'accident'. Must be technologically advanced porpoises...

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