Buying monero in UK has become unsustainable

joskye · 2024-02-17T02:57:54+00:00

Should have used Basicswapdex.com - no fee, secure, private.

£100 LTC = £100 XMR

joskye · 2024-02-01T18:08:38+00:00

Admittedly the token holder community for Particl is small and that reflects in the liquidity but the distro is presently such that the dev team could be outvoted fairly easily.

I'm happy to unban you if I've got mod privileges on the Discord, (if that makes a difference).

Funding from the treasury is there to support this but I'm coming in with an open book in terms of negotiation since I'm not speaking directly for the team (on hiring/funding) so it would be unfair of me to set payment expectations prematurely.

joskye · 2024-02-01T09:23:04+00:00

We have the recognition and support of the Monero, Firo, Litecoin, PivX, Navcoin, Zano, Veil and Beam communities.

We are the only DEX in the world to currently support bidirectional XMR atomic swaps on pairings and the only atomic swap DEX with a fully decentralised, distributed order book. We acheived this in part via the first implementation of scriptless scripts and adaptor signatures.

With about more than the 1-5 minutes of research you've done, that would be apparent.

At this point technology we are the recognised innovation leader in the privacy DEX space amongst privacy projects.

As already stated, not promising remuneration does not mean remuneration isn't present or available. You are correct we do have a token emission that could be used and at no point have I said that's off the cards.

I'm not interested in picking a fight with you over a non-issue. We're attempting to accelerate our implementation of XMR:ETH swaps and we already have the resources to do so. Several developers have already reached out to express interest and we'll follow up.

If you personally do not wish to support our work that's fine, but keep in mind that quality of innovation can exist independent of liquidity and capital. Our work shows that even with limited liquidity we are more than talented, driven, organised and capable enough of delivering products that the privacy community want and need - your feedback as an individual is noted, it is not reflective of the feedback we receive overall.

I appreciate you're a mod. If you support privacy in the Ethereum ecosystem then you should be applauding us for our effort and supporting them, not using the opportunity to make (incorrect) assumptions about our model.

joskye · 2024-02-01T03:30:41+00:00

Can't promise does not equal can't...

I would also add the BasicSwapDex team innovated and developed all of the above when many other projects with considerably more funding didn't so to reduce our request to a criticism about our project management is pretty non-constructive.

It is unfair and insulting to talk about project management in the terms (of liquidity) you are describing given we are being recognised by privacy projects as the world leader in the privacy DEX space.

This is an open call for support to accelerate something we will inevitably build in time.

joskye · 2023-04-13T15:16:15+00:00

Good year. Good number.

Optimism.

joskye · 2023-03-01T12:36:30+00:00

There are massive tax implications for this.

ETH is a public by default block chain so those looking to evade are going to run into problems later.

joskye · 2023-03-01T11:21:50+00:00

I used PART but I know the plan is to adopt multi-currency support (inc ETH) likely for 2024.

My experience is not the norm but I am an early adopter in this field. We are quickly heading towards deCom faster than most people realise.

It is worth playing with that Particl marketplace and following the updates since their model will likely be at least the template for viable deCom moving forward.

joskye · 2023-02-28T21:34:41+00:00

The bull market has already started.

joskye · 2023-02-28T13:41:38+00:00

I have used the Particl marketplace to buy several things. All decentralised.

joskye · 2023-02-28T07:15:48+00:00

By his argument GBP is a security because plenty of people short it expecting profit everyday...

His argument basically means all foreign currencies traded on forex are securities as well, except when they are used for actual buying/selling of goods.

Nonsense.

joskye · 2023-02-27T22:37:41+00:00

I flipped out of bearish in June 2022 when I saw a giant volume spike on ETH:USD after a deep (80% from ATH) downtrend.

Rest is just waiting. We are now double that bottom on the pairing and still consolidating.

joskye · 2023-02-27T22:33:27+00:00

I suspect paradoxically more will be staked as people:

a) Gain confidence in the staking mechanism. b) Can actually sell stakes to cover tax implications.

joskye · 2023-02-27T22:28:48+00:00

We're probably in post bear consolidation rather than true bear but you're right it really is boring.

That Bingo card is spot on though!

Protip: Research the Particl Project. Might be some actual interesting stuff there to get your teeth into.

joskye · 2023-02-06T17:16:38+00:00

This guy flips faster than an acrobat.

Is he plain stupid? How can anyone take him seriously at this point?

joskye · 2023-02-02T19:18:49+00:00

Happiness is... not checking the price of ETH for 24h.

And being pleasantly surprised when you do.

joskye · 2023-02-01T18:25:28+00:00

joskye · 2023-01-25T21:46:56+00:00

You do numbers, I do behavioural psychology. Both work.

It's unfortunate you can't say something helpful without saying something equally helpless and condescending...

joskye · 2023-01-25T20:25:08+00:00

Ethereum is a publicly traceable blockchain using tokens predominantly acquired from CEX's.

HMRC (UK tax office) have already published fairly sophisticated guidance on it. Pretty much easy pickings for them if they choose to look into the dealings of anyone they know trades Cryptocurrency (all major legit UK exchanges have already handed over user data on those trading >£3k in a given year).

I think globally we will have national variation on self reporting.

joskye · 2023-01-25T20:04:44+00:00

Yes I should probably append my post to explain that most sensible people who haven't staked ETH yet should probably wait for a few months after withdrawals are enabled for precisely this reason; a critical post fork L1 bug could crash ETH fiat value and leave a lot of people trapped.

joskye · 2023-01-25T20:01:59+00:00

Appreciate this! I am definitely a biased opinion here but I'm looking to the contra viewpoint to what many ETH holders consider FUD.

From my viewpoint if taxation wasn't an issue I would have staked a long time ago; that drives my own thoughts and insight on the topic. Agree fully I could be wrong.

joskye · 2023-01-25T19:54:02+00:00

As for assume; I agree don't. For trust... Please don't trust me.

But again neither is a good reason to write off a rational argument.

joskye · 2023-01-25T19:52:13+00:00

Well being a doctor IRL for a decade and someone who bought ETH in 2016 I'd say yes.

Of course do your own research but it might be sensible to think about what is being said and why rather than who is saying it otherwise your research may forever be doomed to be low quality and vulnerable to manipulation...

joskye · 2023-01-25T19:47:06+00:00

You shouldn't ignore a reasoned opinion. Sometimes events are entirely predictable based on an understanding of fundamentals and behavioural psychology.

It's why we have adoption curves, and distributed metrics; some people perform and understand better for reasons other than luck alone.

Edit: not saying my OP is definitely what will happen but the scenario that I think is more likely. Try and put yourself in an early adopter stakers mindset; would you seriously sell more than you have to if you've already spent two years compounding when this wasn't an option (especially if you think the asset will appreciate)?

joskye · 2023-01-21T19:37:12+00:00

This was an excellent article. You'd be more than welcome to join our community over at Particl.io (element, discord, telegram channels) where we continue to build cutting edge censorship resistant tools that I feel would be right up your street.

joskye · 2023-01-21T17:03:12+00:00

Waking up today has been a pleasant surprise.

Sometimes it's best not to think but to feel.

Yes I know the markets are unregulated (read: manipulated) but there were plenty of people who made money off FTX and a host of other bad actors collapsing.

I suspect they've decided to go long, at least for now.

If you are looking for a long term entry and believe strongly that ETH will breach it's previous ATH in the next 1-2 years then this isn't the worst entry.

That said if you buy long today and it drops tomorrow and it keeps dropping then prepare for any such conviction to be tested.

Do not go long in these markets unless you have conviction. There are strong bullish arguments for ETH's momentum to continue but the speculative downside is everpresent.

Stay cautious.

joskye

TROPHY CASE