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Joined 1 year ago
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Cake day: June 25th, 2023

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  • I think you miss what the poster and I are trying to say. On LocalMonero and on Bisq2, you could purchase without deposit based solely on the reputation of the person. That is all the person was asking. I commented that if Haveno had a field in the seller information for private contact (e.g. simplex, signal, etc) the trade could be done outside of Haveno since other than listing the sellers and contact information, Haveno would provide no guarantees. That’s an acceptable risk for many people to start off - you just don’t risk too much on first contact. Unfortunately I’ve checked and , Haveno doesn’t provide this feature yet…IMO, it will as it incorporates Bisq2 features or at least adds a contact field in the seller information.



  • Give it time. I never used LocalMonero since I was happy with instant exchanges but I came close to using it just before it got shut down. At the time, there were only 2-3 acceptable sellers of XMR for Canadian Dollars and the best one kept having banking issues. There are currently 2 acceptable sellers of XMR for Canadian Dollars, which means that in Haveno’s short life it’s getting close to replacing LocalMonero for me. My hope is that eventually it gets integrated with Unstoppable Swap and BasicSwapDEX (and maybe Serai DEX) since there’s no technical reason it can’t automatically mirror the offers. Once that happens, it’ll have more than enough liquidity for anyone.


  • May I suggest that you don’t convert to fiat and instead buy either gift cards and debit cards or buy items directly with Monero? This avoids all the KYC issues with offramps and helps the Monero economy. If you need the cash in hand, then buy a gift card for something you normally pay with fiat (e.g. amazon, gas, phone, vpn, etc) and then use the money you would have spent on those items or bills for whatever you need the cash for.


  • Also agreed. Having atomic swaps for BCH, LTC (MimbleWimble), and ETH would be fantastic. IMO, we don’t need liquidity pools if we could have a simple UI that would allow us to say “I have 30 LTC to convert to XMR” and it allows you to divide up your 30 LTC into several XMR offers and then press “start” to execute the batch process. Sure you might only be able to convert 29.3 LTC to XMR using this method, but it would be completely peer to peer and could be done without the need for an arbitrator or liquidity pools or (if it’s loaded into wallets) any separate software like Haveno that you have run on your computer. It would also allow someone to convert large quantities of one crypto into another safely without arbitrators. And if I’m not mistaken, the trade could be done in parallel so making a trade of 50 smaller exchanges would not be significantly longer than a single trade.


  • Objectively, ZCash has the equivalent of FCMP++ right now but there are a few issues. Firstly, most ZCash transactions are public so the anonymity set for ZCash is small and even smaller when compared with Monero which has a lot more users. Also, because of the former issue, every time you switch from public to private transactions, it taints your wallet just as it does with coinjoins in Bitcoin. There’s also a much smaller purely private ecosystem (e.g. Haveno, Atomic Swaps, Serai, Tari, DarkFI, etc), since there is less pressure to do things privately. That makes it easier for ZCash to cave to governments request, even if it didn’t have a company to target. It also lacks other features like Dandelion++ to help anonymity or P2Pool and RandomX to help avoid centralisation. Pirate chain, being a fork of ZCash, solves some of these issues by getting rid of the public blockchain but it is smaller and dependent on ZCash for new research so it is not viable yet.


  • Both socialism and capitalism are real. Socialism itself on the large scale is undesirable and impossible. It can be approximated on the small scale (say less than 20 people) in a very tight nit community (e.g. family or tribe) where there is strong social pressure and environmental pressures to pool resources and help each other, but the moment the community grows so large that you do not know and interact with every single person and do not have a strong bond with every single person, the community fractures into factions, with some factions dominating over other factions and eventually become the elites with special privileges ruling over the plebes which have privileges at the mercy of those in power.

    Capitalism, OTOH is simply a system where there is a free exchange of capital which is anything of value. The main critique he has is that because there is no absolute free exchange change of independent value, there is no capitalism. This is the same mistake people who don’t believe in free will make. Yes, there is no absolute free will. I cannot will myself to be on the sun drinking ice tea with Socrates. But that’s not what free will in finite entities means. It means, given the limitations of your circumstances, you can make a choice. If someone paralyses you and puts you in a sensory deprivation tank, you can still have more free will than your captors since you can choose how you react to your circumstances.

    Similarly, most hard assets depreciate in some sense. Rice is a classic store of value, but pests can get to it. Gold and silver wear out with time and their value changes dependant on availability and speculation. Fiat deflates. Properties depend on the ability of you to protect it and environmental factors. Yet all can be considered assets despite their imperfection. Similarly, all trade has restrictions. I can’t send some property in the Sahara to the Caribbean. I might transfer “the title” between people of these countries but I cannot guarantee that anyone accepts such transfer as legitimate. I can’t easily transport a large quantity of gold or silver or any commodity including fiat with there being a risk of confiscation by either thieves or governments. But to the extent that I can have and transfer value, there is capitalism.


  • Exactly which problem is it trying to solve? If it’s KYC-free purchases, Bitcoin and Monero and Gold/Silver already give you that and unless it has enough mindshare (something that is almost impossible to get even for megapower, see Microsoft vs android and Microsoft vs iPod) this option won’t be available. If it’s privacy, Gold/Silver and Monero gets you that. If it’s traceability but privacy for “legal uses”, CBDCs are supposed to give you that. Note, a big issue today is banks not holding enough reserves and not allowing you to move your money. Tales, by its nature depends on 3rd party custodians thus can be shut down or collapse if the custodian goes out of business or refuses to validate spends. Bitcoin and Monero and Gold/Silver allow for self-custody, ensuring that your money stays your money.