[XMR] Monero Speculation

[elrippos friend]

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that  

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/

There is no ban in Japan, just a recommendation by the FSA(Financial Services Agency) and so far no one has followed it. From your linked article:

“Unfortunately, Coincheck and Monex already delisted all three currencies a while ago. So far, they are the only companies to do so.”

So, two exchanges delisted XMR (and others) but not related to this FSA recommendation because it was before that.
So writing “XMR banned on more and more exchanges” is clearly exaggerated for dramatic effect.

Also the coincheck (and perhaps Monex) delisting is probably related to the coincheck hack (as I’ve read somewhere). Something about them bring afraid that the privacycoins could be used to obfuscate the stolen NEM. Perhaps that decision even influenced the FSA in their recommendation.

Nothing worrying for me then 

[1714009157]

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[spirali]

Nothing worrying for me then  

Also XMR/BTC is already the most popular pair on Bisq DEX... Bisq is not the perfect solution yet as a trades can take up to 24H to complete but it will improve especially when it will rely on the blockchain to confirm the buyer's payment (instead of waiting for the seller to confirm).

Speaking about DEX, which one are you using?

[dEBRUYNE]

where is the ledger integration? It was "very very soon" two weeks ago

It cant officially happen before there is 0.12.1  Should happen this month for sure. Probably first half.

Read somewhere reddit/twitter that 0.12.1 is one to two weeks out.
Still expecting cli only. Would be a great surprise to see gui integration but I really doubt it.

You can use Ledger with the GUI. There is, however, one caveat. That is, you can only generate the wallet with the CLI.

Why is that? Are there potential security issues with generating through the GUI, or just something else entirely?

Wallet creation in the command line requires a different argument and will interact with the existing 24 word seed in your ledger.  I think that functionality will just need to be mirrored in the gui.  A button for wallet creation from Ledger and such...

Correct.

When could this button be ready?

There's no specific ETA. I guess it will be ready when someone is able to work on it.

[Febo]

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that  

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/

Coincheck was hacked and most likely those that hacked them used Monero to delete traces. Instead of them focus in their security, they think that if they will delist Monero their problems will go away.


What I said is far away from "Xmr being banned on more and more exchanges". That is FUD or simply ignorance.

[GingerAle]

regarding all this "exchanges banning private coins" shit .... i just don't know what they'll do once they realize that you need privacy for fungibility.

putting the fun in fungibility.

[Shnikes101]

regarding all this "exchanges banning private coins" shit .... i just don't know what they'll do once they realize that you need privacy for fungibility.

putting the fun in fungibility.

Agreed.

I played with Bisq and crypto-bridge today. The potential of really good decentralized exchanges has completely removed this concern for me.

[elrippos friend]

Nothing worrying for me then  

Also XMR/BTC is already the most popular pair on Bisq DEX... Bisq is not the perfect solution yet as a trades can take up to 24H to complete but it will improve especially when it will rely on the blockchain to confirm the buyer's payment (instead of waiting for the seller to confirm).

Speaking about DEX, which one are you using?

XMR/BTC 

[guesswho1234]

regarding all this "exchanges banning private coins" shit .... i just don't know what they'll do once they realize that you need privacy for fungibility.

putting the fun in fungibility.

Agreed.

I played with Bisq and crypto-bridge today. The potential of really good decentralized exchanges has completely removed this concern for me.

never used bisq only paradex. how does it work regarding wallets? on paradex you can use metamask but i dont think metamask supports monero or any other non erc20 tokens for that matter.

so i guess my question is about if bisq is safe to use? got quite a big stack of moneros i really dont want to risk losing

[spirali]

never used bisq only paradex. how does it work regarding wallets? on paradex you can use metamask but i dont think metamask supports monero or any other non erc20 tokens for that matter.

so i guess my question is about if bisq is safe to use? got quite a big stack of moneros i really dont want to risk losing

The base currency in Bisq is BTC, so there is no "home currency" acting as fuel (unlike other Decentralized EXchanges). I like this solution. When you buy BTC with XMR, the seller sends you BTC to a BTC wallet within Bisq (from which you control the private key, so it's really yours). Funds are locked in a multisig wallet until both parties confirm they received the funds. You can get more info at https://bisq.network/faq/ or make a small transaction to better understand the process.

It's not the perfect solution though as volume is low, it's slow and quite expensive. But I didn't find a good DEX for Monero. Of course, there are also Shapeshift and xmr.to which are private but still centralized.

Are you guys really trading XMR on centralized exchanges?? If not, what system are you using?

[Hueristic]

never used bisq only paradex. how does it work regarding wallets? on paradex you can use metamask but i dont think metamask supports monero or any other non erc20 tokens for that matter.

so i guess my question is about if bisq is safe to use? got quite a big stack of moneros i really dont want to risk losing

The base currency in Bisq is BTC, so there is no "home currency" acting as fuel (unlike other Decentralized EXchanges). I like this solution. When you buy BTC with XMR, the seller sends you BTC to a BTC wallet within Bisq (from which you control the private key, so it's really yours). Funds are locked in a multisig wallet until both parties confirm they received the funds. You can get more info at https://bisq.network/faq/ or make a small transaction to better understand the process.

It's not the perfect solution though as volume is low, it's slow and quite expensive. But I didn't find a good DEX for Monero. Of course, there are also Shapeshift and xmr.to which are private but still centralized.

Are you guys really trading XMR on centralized exchanges?? If not, what system are you using?

I don't really trade much anymore, I used to margin as it was fun but polo boned me one to many times and I don't trust Bitfinex and Kraken is in USD only and won't take my CC casue I'm not in the right country apparently. So all I usually do now is get BTC and buy XMR with it and try to hit the lows. I use polo until they demand KYC (I'm small potatoes) and Binance now and am looking forward to their decentralized Exchange.

[Febo]

https://monerobase.com/wiki/DevMeeting_2018-05-06


MRL team
- Working on refund transactions.
- Kudelski and QuarksLabs have begun their work on the Bulletproofs audit. Kudelski is expected to complete mid-July.
- The Bulletproofs audit from Benedikt is expected to begin May 21st and complete on June 4th.

GUI
- "bad_cast" issue which affected some Linux users has been fixed.
- Stoffu has fixed some lagginess that some users experienced.
- Stoffu also performed some work to address daemon connectivity and stability.
- Work is being done on the lack of graphics fallback on the Windows GUI.
- dsc is working on the status and receive windows.
     Screenshots:
     https://github.com/monero-project/monero-gui/pull/1359
     https://github.com/monero-project/monero-gui/pull/1341
- A proper installer for Windows is expected for the v0.12.1 release.
- Discussions are ongoing about the install location.
- Icons will be added to assist users with finding log and wallet daemon directory locations.

Monero Hardware / Official Hardware Wallet
- Developer boards have been slightly delayed.
- FFS for a proper enclosure is live.
- An NFC radio test version is expected to be available at DefCon.
- Purism has reached out to collaborate with the Monero team further - especially our hardware team.

v0.12.1 builds are expected to be available on May 9th. These 'may' be test builds.
- Will enable easier support for Ledger Hardware Wallets.
- You can use a Ledger wallet w/ the GUI as long as it's generated by the CLI

Deprecation of Payment ID's continue. Migration to integrated addresses in the short term and SubAddresses in the longer term.

[nominee]

The only scarry part for me about Monero is Monero forks. I don't want to see forks in Monero blockchain. Bitcoin did a lot of forks and I never liked them. Forked ones are useless garbages. Monero is already perfect itself.

[guesswho1234]

never used bisq only paradex. how does it work regarding wallets? on paradex you can use metamask but i dont think metamask supports monero or any other non erc20 tokens for that matter.

so i guess my question is about if bisq is safe to use? got quite a big stack of moneros i really dont want to risk losing

The base currency in Bisq is BTC, so there is no "home currency" acting as fuel (unlike other Decentralized EXchanges). I like this solution. When you buy BTC with XMR, the seller sends you BTC to a BTC wallet within Bisq (from which you control the private key, so it's really yours). Funds are locked in a multisig wallet until both parties confirm they received the funds. You can get more info at https://bisq.network/faq/ or make a small transaction to better understand the process.

It's not the perfect solution though as volume is low, it's slow and quite expensive. But I didn't find a good DEX for Monero. Of course, there are also Shapeshift and xmr.to which are private but still centralized.

Are you guys really trading XMR on centralized exchanges?? If not, what system are you using?

okay sounds kind a meh

im using poloniex for monero while i mostly keep them as collateral and trade on margin. works like a charm

[pstraene]

I think that Monero is the leader among the anonymous coins. And thanks to this, Monero will become very popular. People want to be safe in the crypto world, so they are interested in this coin.

[17men]

Jump in to the plane! We will arrive soon 

[johnalan]

This is the issue... People think that a Monero with:

* 1. A supply **less** than BTC till 2040!
* 2. Complete privacy and fungibility
* 3. Elastic blocks

Is somehow worth 2.7% of a Bitcoin.

(or 3% at 0.03).

I don't. You guys can keep selling at these prices but I think it's really just slowing the inevitable. Monero under 10% of BTC is cheap af.

Eventually the market will move against this inequity and people will say, "Wow, I don't understand why XMR went bananas" - I won't be one of those people.

[johnalan]

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that  

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/

There is no ban in Japan, just a recommendation by the FSA(Financial Services Agency) and so far no one has followed it. From your linked article:

“Unfortunately, Coincheck and Monex already delisted all three currencies a while ago. So far, they are the only companies to do so.”

So, two exchanges delisted XMR (and others) but not related to this FSA recommendation because it was before that.
So writing “XMR banned on more and more exchanges” is clearly exaggerated for dramatic effect.

Also the coincheck (and perhaps Monex) delisting is probably related to the coincheck hack (as I’ve read somewhere). Something about them bring afraid that the privacycoins could be used to obfuscate the stolen NEM. Perhaps that decision even influenced the FSA in their recommendation.

Nothing worrying for me then 

I hope those fucking dopes do ban it. It means it works. It's the biggest, juiciest, stamp of approval they could possible give.

[Nathan047]

The only scarry part for me about Monero is Monero forks. I don't want to see forks in Monero blockchain. Bitcoin did a lot of forks and I never liked them. Forked ones are useless garbages. Monero is already perfect itself.

Luckily I doubt that we will see any of them gain traction (unlike Bitcoin cash).

[tokeweed]

Can anybody give me the TLDR on the assumed double spend that happened recently?  I'm pretty sure it's nothing to panic about but still interested on what really went down...

[garytheasshole]

Jump in to the plane! We will arrive soon