monero Monero How to achieve good anonymity with Monero? My current layman conclusion from other people suggestions
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    LobYonder
    1 month ago 100%

    Be aware of the EABE pattern/attack which can leak information: https://monero.stackexchange.com/questions/12479/solutions-to-the-monero-eabe-attack . Avoid repeatedly sending exchange-received funds directly to a regular business without churning and changing your identity for the business

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  • technology Technology Opinion | Don’t Get Fooled Again by Crypto
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    LobYonder
    1 month ago 100%

    There are several cryptocurrencies which are regularly used for purchases. Just because BTC and meme-coins get the media coverage and speculation doesn't stop others being used for transactions.

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  • monero Monero Skepticism Sunday #3 — August 11, 2024
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    LobYonder
    1 month ago 100%

    Hidden amongst all your bullshit (which Bobr has dissected) you do have a few reasonable points

    barely handle the transaction throughput of Visa

    Firstly that's a non-sequitur, you don't need Visa throughput to be a currency, but scalability is a genuine issue in the long term. That will need a 2nd layer technology, probably using sharding or other approach for more parallelism and throughput.

    Monero is confusing for average people

    Generally true. Any self-custody solution will be more complex than just trusting a bank service, but substantial UI improvements can be made and some trusted simple apps will develop.

    Monero is centralized

    There is currently a small group of developers and researchers, but they are distributed geographically and not connected except by their involvement in the project. All hosting and communication occurs on multiple platforms, including distributed ones like this one. It's one of the most decentralized open-source projects around, certainly far better than BTC or ETH for example.

    will not be allowed to be hard-forked

    Bullshit, no-one can prevent hard-forks. Both source-forks and chain-forks can be created by anyone. That is a concern actually as bad actors can cause confusion.

    community can’t decided unilaterally ... technical stagnation

    It will be the reverse. Unanimity or a centralized foundation would cause stagnation. Monero has had forks in the past, and it will have more in the future. That guarantees technical innovation. Customers will choose their preferred version. It's a free market for currency innovation.

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  • cryptocurrency cryptocurrency Over 40% of all Bitcoin transactions are now happening on the Bitcoin Cash blockchain
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    privacy Privacy How crucial are banking apps? Your experience with them vs. browser banking?
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    LobYonder
    1 month ago 100%

    In the UK as well. My bank is pushing the phone app, and making it difficult to use the website without a phone. I will probably change my banking provider soon.

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  • monero Monero [Financial Times] Kamala Harris campaign seeks ‘reset’ with crypto companies
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    LobYonder
    2 months ago 100%

    How naive do people have to be to believe a political party when it reverses an agenda during an election campaign?

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  • technology Technology Global IT outage shows dangers of cashless society, campaigners say
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    LobYonder
    2 months ago 100%

    I don't know of any shop or street/market trader that will "write down a card number" or accept a written IOU from a random customer. In Europe cheques are practically extinct. When electronic systems or banks fail, cash is the obvious and generally the only working solution "in 2024".

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  • monero_memes Monero Memes I can think of a couple of reasons why privacy is power.
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    monero Monero Concerned about my friend who’s a Bitcoin maxi
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    LobYonder
    3 months ago 100%

    You should read about relatives trying to help victims of romance scams on reddit /r/scams. Generally its hard or impossible to convince some who is emotionally invested. I recommend you point out past BTC volatility and drops, and suggest he diversifies a bit if that's all his savings. He could put some in gold, some in shares, leave some (maybe 50%) in BTC. He will still win big if it "goes to the moon", and will have some protection from a crash. Often you need to make a mistake before you can learn this lesson. Eggs in baskets.

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  • monero Monero The Looming Collapse of the Bretton Woods System:
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    LobYonder
    4 months ago 100%

    Durable tools of all types that you can use or sell are good value in an uncertain future. Useful skills and community are important as well. Lynette Zang talks about all this.

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  • monero Monero How To Encrypt Your Mnemonic Seed Without A Computer/Internet
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    LobYonder
    4 months ago 100%

    The first 3 letters are unique for the English seed words, so you just need to encode 25*3 = 75 letters.

    I also think it is worth writing them down in a way that is not obviously a crypto address. You can place 75 letters in a 9x9 square (with maybe some extra dummy letters) that looks like a common word puzzle, eg sudoku or crossword, in a specific order, eg a spiral. You can custom print a template or copy one from eg https://puzzlestream.com/sudoku/blank-grid.php .

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  • monero_memes
    Monero Memes LobYonder 6 months ago 70%
    Monero privacy Apple style odysee.com

    Found this 2021 video

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    meta Meta Meta FAQ
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    LobYonder
    7 months ago 100%

    I notice that searching 'All' with the URL "https://lemmy.world/c/privacy@lemmy.ml" doesn't find anything, but searching with "https://lemmy.ml/c/privacy" does. It seems you need the originating instance for it to work. A ping identifier also work "!technology@beehaw.org"

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  • monero Monero Why Monero Won't Die like Tornado Cash
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    LobYonder
    7 months ago 71%

    The US dollar has lost about 98% of it's value since 1971 yet people still use it in trade rather than gold or silver or a better fiat like Swiss Franc. Don't underestimate the power of inertia. Just because USD has inflation problems doesn't mean XMR is about to take off. It will take hyperinflation or a currency crisis and even then better-known cryptos like BTC or LTC will be the first choice for normies.

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  • homesteading
    Homesteading LobYonder 8 months ago 100%
    A Michigan group discusses alternative currencies realizehomestead.com

    Could XMR work in their economy? It may depend on the of availability of wifi and internet.

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    homesteading
    Homesteading LobYonder 8 months ago 100%
    Communities outside government control https://simplifiedprivacy.com/realworldagora/

    SimpifiedPrivacy has an article on non-state communities

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    cryptocurrency cryptocurrency Bitcoin is going to fail
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    LobYonder
    9 months ago 100%

    Isn't there an equilibrium or oscillatory cycle: fees higher -> smaller wallets stranded -> fewer viable transactions -> lower block demand -> lower fees?

    BTC has no use-value any more, there are better functional crytpos and so it is a pure speculative "asset". I think it's price will increasingly fluctuate and eventually collapse for the same reasons as Beanie Babies or tulip bulbs. The power costs of mining set a lower bound on fees+price tho. Once block rewards are ended we could have a negative feedback where fees take an increasing fraction of tx value and price continues to drop to reducing liquidity.

    One scenario is BTC becomes the "Rai stones" of crypto https://en.wikipedia.org/wiki/Rai_stones which are not used directly but "ownership" is transferred by convention

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  • world World News It's Clear to Everyone Gazans Must Be Destroyed, Israeli Lawmaker Says
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    LobYonder
    9 months ago 100%

    Sure there are some extremists in almost every political faction, but were his comments denounced by others in his party?

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  • monero Monero I inherited my father's crypto savings trough Monero
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    LobYonder
    9 months ago 100%

    I'm curious how he passed on the seed words to you. Did he write it down, give you the password for a password manager, put the info in his Will, transfer to your wallet address, or give you a hardware wallet? Did he just trust you with access to his computer data before he died?

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  • monero Monero Dampening Volatility To Promote The Monero Economy
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    LobYonder
    9 months ago 100%

    If averages are published by a reputable website, shops can choose to use the average rather than "spot" price. In any case as XMR is more frequently exchanged for more stable goods or assets, the natural actions of buyers and seller will moderate fluctuations. However if you create a trading platform to trade averages vs spot prices that will tend to increase volatility, as short-term speculators benefit from volatility.

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  • privacy privacy KYC? No, thanks | KYCNOT.me Blog
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    LobYonder
    12 months ago 100%

    KYC is being used by many businesses as a convenient gatekeeping tool

    The more important point is that the state has the gatekeeping and tracking power, they can see your transactions and refuse access because of "suspicious activity". The business is just "complying with regulations". If it was a business decision you could just find another.

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  • cryptocurrency cryptocurrency ZH article on financial discrimination by crypto exchanges
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    cryptocurrency cryptocurrency ZH article on financial discrimination by crypto exchanges
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    LobYonder
    1 year ago 100%

    This is the only explicit mention of companies applying "risk assessment":

    (Knox suspects she has ended up on a blacklist at Plaid, a provider of technology plumbing to large crypto exchanges like Gemini, Kraken, and Robinhood, leading to the repeated bans. Freya Petersen, spokesperson for Plaid, says no such list exists, but that all firms that wish to use its services are subject to a standard risk assessment process, factoring in the industry in which they operate.) -Wired

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  • moneromining Monero Mining Creating a miner/space heater
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    LobYonder
    1 year ago 100%

    If you want to generate heat, go for higher voltage overclocks (you will need larger coolers to disperse the heat).

    Probably best to clock optimally for XMR/watt to minimize net heating cost. Either keep it on for longer per day or get a 2nd rig for more total heat.

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  • privacy privacy Sign our petition to stop France from forcing browsers like Mozilla's Firefox to censor websites
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    LobYonder
    1 year ago 100%

    Not sure how a government is going to force hobby developers or end-users to implement a specific feature in a specific category of software. How is this different than just banning access to the website?

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  • monero Monero [UPDATES] Cake Wallet / Monero.com now available on F-Droid Platform
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    monero Monero How Monero Works (Animated Video)
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    meta Meta Inline webp images in firefox
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    LobYonder
    1 year ago 100%

    They still don't show if I disable the add-ons. Even if I open monero.town in Chromium I still don't see most of the inline images/thumbnails. For some reason my Manjaro desktop doesn't like webp at all.

    In addition I prefer not to use patent-encumbered standards and formats.

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  • meta
    Meta LobYonder 1 year ago 100%
    Inline webp images in firefox

    I view this website with Firefox, and the thumbnails and images (eg Monerochan Memes) don't display because they are webp. I have the "Don't accept image/webp" add-on active but this makes no difference. Is it possible to configure the website so another inline image format is available? Edit: I notice that accessing via <https://mlmym.org/monero.town/?sort=Hot&listingType=Local> some thumbnails appear, while normally none do.

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    monero Monero Why is Monero hated by Bitcoiners
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    LobYonder
    1 year ago 100%

    At some level it's the fear of backing the wrong horse. To feel safe you have to be a "maxi", and to be a "maxi" you have to deny anything else can work. Bitcoin is the first crypto most people find, and the "everything else is a shitcoin" message creates a self-reinforcing cult atmosphere. The fact that mot altcoins soon fail reinforces that.

    Almost all bitcoiners are there for "number go up" profit, so the price volatility also creates a lot of anxiety. The ones that stick with it become very committed HODLers. It's a bit like an abusive relationship, the pain makes you commit more. Market psychology is fascinating, and is why emotional investors lose their money.

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  • monero Monero *Permanently Deleted*
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    LobYonder
    1 year ago 100%

    I follow George. Most of the more libertarian financial channels are pro gold/silver sound money, and tend to ignore or have antipathy to crypto as competition/distraction. HeresyFinancial is pro-bitcoin though. The technical analysis channels are happy to talk crypto. Now that CDBCs are looming some may start taking the crypto angle more seriously as an alternative.

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