Get the full guide w/ dope groups to join, including Monero focused ones (reddit)

typical smear campaign trying to link Monero to drug users und drop outs. Last time I called you out you just created a new sock puppet. I wonder what happens next.

[–]rbrunner7XMR Contributor 10 points 2 days ago

Where does this come from? https://github.com/AtomicSwapLabs/AtomicSwapWallet/blob/main/public/monero_wallet_full.wasm

Answer: idk will ask devs.

[–]rbrunner7XMR Contributor 18 points 2 days ago

Thanks for the info.

A bit unfortunate that you list “open source” as one of your key features in your post, but the single most critical part is just a large binary blob where I have to trust you that you didn’t doctor it from woodser’s original …

and then… reddit account and all posts deleted.

As you can see in my post on overlay networks I’m all in on DeFi. I just want to do it in a way that doesn’t ruin Monero in the process. Blind merge mining and hashlock escrows are NOT the way to implement it correctly. Twiddle sees the problems clearly and points them out, if you dare to read. (He got paid very little and invested a lot of time, so please read.)

I would implement dApps or scripting, first, not on monero core. One-way atomic swaps is all you need! BasicswapDex and Oxen are less known examples.

TL;DR: blind merge mining and hashlock escrows are an attack vector for monero security on the consensus layer and an entry point for trojan horses. We CAN have all the DeFi we want without compromising security.

https://yewtu.be/watch?v=9ZdWe5VZRuo [Kewde - BasicSwap: Increasing Monero’s Resiliency using BasicSwap DEX] https://www.monerotalk.live/104 [Creating L2 & Proof of Stake Infrastructure on Cryptonote w/ Kee Jefferys (Oxen)]

ease of fiat by having legal entity compliant sidechains

rofl

Good work. Thx. Sorry, but KYC on a sidechain… that was a funny thought.

So… your personal conclusion is that you want some scripting. I asume then you would be happy with any solution other than Hashrate Escrows ?

If I don’t know you, I will insist that you give me back something immediately. When I know you better, I become more relaxed: "yeah, maybe tomorrow … … " see where I’m going? CCS is a form of credit in this respect with loose conditions and no interest, of course.

At this stage (barter) order book based pricing used primarily for speculation is vastly overrated. When you use XMR for barter what you get will eventually cancel out.

Later on, a elastic money supply, i.e. varieties of social credit based on trust as well as a trustless basis (xmr) will be necessary … but it will hopefully support ALL people, NOT only the 1% parasites. (That’s why I shilled OXEN BTW - credit could be an app there)

And, to put things in perspective, a -25% drop in price means nothing, compared to the effort put into the attack. Fiat drops -25% every so often (measured in real goods). Most people take that, because they rather carry on and not worry about the gun pointed toward their head. To use a racket like this as a unit of measurement amounts to moral insanity.

https://www.consilium.europa.eu/en/policies/fight-against-terrorism/fight-against-terrorist-financing/

The new rules will also cover most of the crypto-sector. All crypto-asset service providers will need to conduct due diligence on their customers. This means that they have to verify facts about their customers and report any suspicions to FIUs.

The new laws require CEX’s (including Kraken and trocador) to report to a central authority (FIU). Chat protocols included, Coinbase informs their customers, that is, after your funds have been frozen.

Swiss, EU, GB and USA have harmonized their efforts. Expected to pass 2024-02-22, just when the unwashed masses are herded away from Binance to the enclaves for XMR. Watch out for terrible terrorist tribunals.

If I am correct, Binance entered into short contracts, sold their XMR reserves ~@170, then released the BIG NEWS and now buying XMR back ~@130. This is - of course - a scam. Because they knew in advance when they will release the news and guarantee the drop.

Anyways, these financial acrobatics are short lived, so don’t worry.

/EDIT/

In the past four years -3.1 standard deviations (FTX debacle) was the lowest value of the daily probability distribution for XMR. This time it is -4 stds, an order of magnitude lower.

Heuristics reveal that the delisting in itself (which was expected) is not a sufficient explanation for the magnitude of the panic. Given the track record, analysis and parallels to past financial attacks, a short wave based on a shark mentality of many players is likely.

For a short run down on Short selling attacks (like this one) you might be interested in https://monero.town/comment/3264836 (doesn’t link to the correct comment, is this a bug? anyway.)

This is ~ 4 standard deviations BTW. I’d wait for a W on the dayly before buying the dip.

plz see https://monero.town/post/1895049 - Manipulation (bandwagon effect) - These are likely willful attempts to create a downvote bubble …

Using the opportunity of this first responder to make couple of points: First, I’m not fighting in the sense that I want to destroy the legacy system. I am annoyed that it exploits the poor, right, but I put my anger to creative use, building something new. I opt for a slow evolutionary process.

Second, panics and hysteria are inherently built into the legacy system and rest assured a 10k loan will not rock the boat. BTW right now I expect a correction of the BTC and stock market hype, so wait taking out your loan until August if you will (after a major downturn, NFA). For the next six month I hold fiat, but after that its party time.

Third, the second option, the real economy, whats called Monero Market here is not a house of cards, quite the opposite. PoW is real, STARKS are real. I buy my olive oil directly from the farmer 2000 miles away and for this to work (globally) we need a trustless, private, digital cash system - which doesn’t enslave the 99%.

Fourth, nobody forces you to take risks you are uncomfortable with. But holding a positive fiat balance long term without investment in real world assets means paying a tribute to the super rich in the form of loss of buying power. (Definition of inflation has been tempered with)

Fifth, FIAT promotes violence and destruction. It destroys humanity from the inside. Its the RULES of the game which create a toxic complex system, not the people obeying the rules (with a few exceptions).

-hm