-
nioc
chad[m]: apotheon churning is useful in certain circumstances and there are ways of getting it wrong
-
nioc
for regular use churning is not necessary
-
Kontvolkoren
-
chad[m]
nioc thanks for the reply. Are you aware of any wallet's that facilitate coin selection, or at least some ability to make sure I'm churning my outputs to the degree I require?
-
nioc
you can do so in the CLI with sweep_single
-
nioc
why do you think that you need to do so ?
-
nioc
there are more ways to churn incorrectly than to do it right
-
nioc
I might be getting it wrong but it only seems only necessary to churn if you are receiving txs from someone who knows your identity and sending to someone who knows your identity and they exchange info
-
nioc
remove the second only
-
hyc
that's mainly it
-
hyc
the whole EAE attack scenario could happen though without you knowing
-
hyc
I mean, if you buy XMR from an exchange, send to a merchant, and they immediately cash out using the same exchange - you have no way of knowing the merchant is doing that
-
nioc
would that apply if you only did so once or does that scenario need to be repeated for a connection to be reveled ?
-
hyc
I guess a repeat makes it obvious
-
hyc
as you said, there's plenty of ways to churn wrong and make things worse.
-
hyc
best case I suppose is to sweep single outputs by themselves
-
hyc
I mean, the very best if you withdraw from an exchange is that you receive a single output. so you only need to do one sweep_single.
-
hyc
if you receive multiple outputs you'd want to sweep them individually at randomly separated times
-
hyc
if they ever get combined in the same txn that kind of gives it all away
-
nioc
when knacc talked about it in MRL even sweeping single outputs b4 combining seemed to be wrong, very confusing (removed a c as to not ping him :) )
-
hyc
well, combining is probably the bigger issue there
-
nioc
somehow made things worse
-
hyc
not sure that's a big issue any more, ever since ringCT
-
nioc
.shrug
-
nioc
yes with RingCT
-
hyc
I mean, before that we had denominated outputs
-
hyc
so you were pretty much always receiving multiple outputs
-
nioc
you either leave a trail to the past or the future depending on you churning methods
-
hyc
now, you should pretty much always be receiving a single output of the exactly correct amount
-
anonmon777[m]
Are there security flaws for using the Monero wallet private key also for a crypto lock login system (
github.com/monero-ecosystem/Monero-Crypto-Lock)?
-
anonmon777[m]
Would love to discuss this. Anybody?
-
DisBotXMR1
<D.A. Rothschild> Anyone try Moneroswap? It's got some good reviews on dread
-
DisBotXMR1
-
DisBotXMR1
<D.A. Rothschild> I need a new btc to xmr exchange after xmr.is disappeared and they seem promising
-
throwd
anonmon777[m] well I guess if it's just public/private key stuff and you create a wallet dedicated to auth and don't have any funds without looking into it it sounds fine
-
fehho[m]
DisBotXMR1:
swapspace.co is an aggregator that tells you the best rate out of a load of different instant exchanges.
-
throwd
I'd prefer entering a passphrase before unlocking it each time
-
kijari[m]
<DisBotXMR1 "<D.A. Rothschild> I need a new b"> Are you after a decentralized exchange or does it not matter as long as you can exchange between the two?
-
BigBoiiMike
.balance
-
Wallet
BigBoiiMike: • Your balance is: 0.0000252 XMR (≈0.01 USD)
-
BigBoiiMike
woot
-
BigBoiiMike
tips accepted all day errrrrday
-
kijari[m]
This is just sad. Looking at other privacy coins that exist, there are very few that seem to be as developed as Monero. Firo seems like a mess due to 2miners.com having over 51% of the network (Comparing their pool hashrate to the network earlier showed around 70% of the network on their pool) and others just seem to be abandoned or privacy opt-in rather than the privacy always on approach of Monero which as most of us will
-
kijari[m]
probably know is not good enough for actual privacy.
-
kijari[m]
That's without touching on the problem that most seem to be ASIC friendly which seriously hurts the ability for people like us to mine them with reasonable hardware.
-
Drgonz0
Just started mining with home pc. cpu got up to 103 degrees! Whats the way to configure xmrig to ust only a portion of the cpu power?
-
dxrwzy9y[m]
I received some Monero, why is it showing up in my transaction history but not in my primary account in the Monero GUI?
-
Mumuks[m]1
<dxrwzy9y[m] "I received some Monero, why is i"> Which system and Monero GUI are you using?
-
dxrwzy9y[m]
The official one from the Monero website
-
dxrwzy9y[m]
Using a ledger hardware wallet
-
fehho[m]
Could you go to the transaction history and say the blockheight of the receiving transaction?
-
fehho[m]
Or look at the confirmations at the same page
-
dxrwzy9y[m]
Just checked the ledger app, I'm gonna update my firmware now
-
fehho[m]
Make sure that your seed is written down before updating firmware if it isn't already
-
dxrwzy9y[m]
I did that when I first got it
-
fehho[m]
👍️
-
dxrwzy9y[m]
Okay it's showing up now :D
-
dxrwzy9y[m]
Wait what's total unlocked balance? How do I unlock it?
-
fehho[m]
How many confirmations, just to know? It might have just been a UX problem of unconfirmed transaction if under around 20.
-
fehho[m]
^unlocked after 10 confirmations, 1 confirmation over ~2 minutes
-
dxrwzy9y[m]
It says 3/10
-
dxrwzy9y[m]
Oh I see
-
dxrwzy9y[m]
It's 4 now
-
fehho[m]
Sounds like it put the transaction into history when it was found in the mempool but didn't add it to unconfirmed balance until first confirmation
-
kijari[m]
<Drgonz0 "Just started mining with home pc"> In the CPU configuration part of the ``config.json`` file you can manually enable or disable cores by adding or removing them.
-
dxrwzy9y[m]
Okay good to know
-
kijari[m]
Generally speaking if it's that bad I'd recommend you try to disable every other core and then slowly add cores back until it's in a comfortable temperature zone. If it's still bad with half of your cores, you can dial it even further back if needed. I doubt you'll have to do that but use your best judgement.
-
Inge-
.faucet
-
Wallet
Inge-: How many letters in flap
-
Inge-
4
-
Wallet
Inge-: @bonuspot tipped 0.0000012 XMR to Inge- [5c416ecb] Wait ≈23 hrs 55 min before trying again. @bonuspot: 0.01683731
-
pixelized[m]
<kijari[m] "This is just sad. Looking at oth"> yeah, absolutely
-
pixelized[m]
the focus on asic resistance of monero is a major selling point for me
-
pixelized[m]
the fact that other 'privacy coins' are so mediocre does provide me with confidence that picking monero as a favorite is wise :P
-
pixelized[m]
so hey, an advantage there
-
Metamorphosis
Hello guys. Noob here. How can I mine monero. What is a good wallet?
-
moneromooo
You can either mine alone or in a pool. Alone means it's private, you have large variance (you get a whole block of monero but very very seldom), you pay no pool fee.
-
moneromooo
Pool means you mine for a pool, which pays you later when blocks are found, payments more often but small slices at a time.
-
moneromooo
The pool miner is usually xmrig. It can also mine to the daemon if you want to mine alone. xmrig hashes faster than monerod.
-
moneromooo
To mine alone: in monerod, once synced, you run: start_mining ADDRESSHERE N
-
moneromooo
N is the number of threads to mine on. You can tweak N to see what works best for your computer.
-
moneromooo
For pool mining, you get xmrig from github and choose a pool. Don't pick one of the two big ones, it's dangerous.
-
moneromooo
Then the pool you choose will typically have a sample xmrig command to use to mine to it.
-
moneromooo
You can use
townforge.net/cgi-bin/choose_pool to pick a pool. If it gives you one with > 25% hash rate, you may want to reload.
-
moneromooo
As for good wallets, monero-wallet-cli is a good wallet. I hear good things about Feather wallet too.
-
moneromooo
And monero-wallet-gui.
-
zib
my securitynerve tickles when I see monerod doing upnp by default. Didn't notice that before
-
Metamorphosis
thanks a lot moneromooo does monero have official discord?
-
fluffypony
zib: I mean, upnp is trivially blocked on your router, and it's good for the network because it means more nodes with open inbound connections
-
Zyborgh
Flash Forward is a truly deflationary token, rewarding holders making every FFW count
-
Zyborgh
◼️ Name: FlashForward
-
Zyborgh
◻️ Ticker: FFW
-
Zyborgh
◼️ Total Supply: 6,000,000 (half burned🔥)
-
Zyborgh
◻️ Only 6 decimals!
-
Zyborgh
◼️ 5% to holders
-
Zyborgh
◻️ 5% to LP
-
zib
fluffypony: Sure. But I would still expect it to be disabled by default. I'm not a fan of software, yet alone privacy sw, poking holes in a fw without asking. It's a minor thing but it causes an itch :D "Normal" People might not know that it's happening and their ISP or whatever can now see they use monero.
-
moneromooo
You might be confused about what this does. Or alternatively I might.
-
zib
it just forwards 18080
-
moneromooo
In case it's me, can you explain why the use of this system would cause their ISP to see they use monero while they would otherwise not ?
-
zib
Well scanning for 18080 isn't illegal but mitm/sniffing a customers traffic is in most places
-
zib
Not saying it would happen. Just saying it shouldn't be default
-
fluffypony
you don't even need deep packet inspection
-
moneromooo
Emphasis on "while they would otherwise not".
-
fluffypony
your ISP would know that you've got connections with a 18080 source port / destination port
-
fluffypony
and that's enough
-
zib
ok ISP was maybe a bad example. Let's say anyone instead :D
-
moneromooo
Anyway, it doesn't poke holes. It asks the router to open it if it was configured to do so. Otherwise it won't.
-
moneromooo
Now, some might be configured to do so by default, and that'd be a fair point.
-
zib
I understand it's probably pointless. But there's still no reason for it to be default imho. Just like asking a client to "background mine" etc you could ask a client about this
-
zib
moneromooo: You mean 99.9%? :D
-
moneromooo
There is, you missed the reason above. Let me paste it...
-
moneromooo
<@fluffypony> zib: I mean, upnp is trivially blocked on your router, and it's good for the network because it means more nodes with open inbound connections
-
fluffypony
zib: you don't want to prevent a node from starting up because you require interactivity
-
fluffypony
a wallet is different
-
moneromooo
It's the same as IGD, right ? (fairly sure it is, just not 100% sure)
-
zib
fluffypony: It doesn't have to be something that has to be configured on startup. I've never used the GUI wallet but i'm sure you can get some prompt
-
zib
moneromooo: So we're assuming all users know or can disable upnp in their router?
-
fluffypony
we're assuming that anyone who is sensitive about it has disabled it on their router
-
fluffypony
lots of software (eg. Bittorrent, media servers, VMS for security cameras) uses UPNP so it's not even out of the ordinary
-
zib
I know. And alot of easy to hack chinese webcams. Doesn't mean you can't be different :D
-
xrv0[m]
Is there such a thing as proof of funds in monero?
-
moneromooo
You can prove your wallet balance is >= some threshold.
-
moneromooo
At a given height.
-
xrv0[m]
Do you have a link to some documentation?
-
moneromooo
No.
-
xrv0[m]
Ah, it's called proof of reserve
-
xrv0[m]
thanks
-
moneromooo
Running those commands in monero-wallet-cli without any params should hopefully give you a synopsis.
-
moneromooo
{get,check}_reserve_proof I think.
-
zib
Oh well. You probably thought this trough but i'm never going to like it :D
-
zib
fluffypony: More important. Did you get the LMX yet?
-
fluffypony
yes - but not received yet, will only be later in the year
-
fluffypony
v. excited
-
zib
:)
-
zib
I reserved also. But if covid drags out longer they can't hold it
-
Metamorphosis
does this channel support faucet or beg?
-
xrv0[m]
i think there is a faucet bot.
-
Metamorphosis
.beg
-
Wallet
Metamorphosis: OOPS! 30 min penalty. 13 hours to go.
-
Mochi101
.beg
-
Wallet
Mochi101: How long is the string DGD
-
Mochi101
3
-
Wallet
Mochi101: @bonuspot tipped 0.0000066 XMR to Mochi101 [f6b18a5f] Wait ≈23 hrs 54 min before trying again. @bonuspot: 0.01682011
-
Mochi101
.faucet
-
Wallet
Mochi101: OOPS! 30 min penalty. 24 hours to go.
-
Mochi101
what... they're the same?
-
mfoolb
.faucet
-
Wallet
mfoolb: Twins are how many
-
mfoolb
2
-
Wallet
mfoolb: @bonuspot tipped 0.0000035 XMR to mfoolb [97fd73b8] Wait ≈23 hrs 56 min before trying again. @bonuspot: 0.01681661
-
mfoolb
.balance
-
Wallet
mfoolb: • Your balance is: 0.00646654 XMR (≈2.99 USD)
-
Mochi101
.balance
-
Wallet
Mochi101: • Your balance is: 0.0000218 XMR (≈0.01 USD)
-
azy
.faucet
-
Wallet
azy: @bonuspot tipped 0.0000033 XMR to azy [1ec4a9ba] Wait ≈23 hrs 57 min before trying again. @bonuspot: 0.01681331
-
azy
.balance
-
Wallet
azy: • Your balance is: 0.0002362 XMR (≈0.11 USD)
-
parazyd
.beg
-
Wallet
parazyd: Your default coin is now set to XMR. Change with coins command.
-
Wallet
parazyd: How many chars in flung
-
parazyd
5
-
Wallet
parazyd: @bonuspot tipped 0.0000033 XMR to parazyd [8346e58a] Wait ≈23 hrs 58 min before trying again. @bonuspot: 0.01680781
-
parazyd
How does this work?
-
Metamorphosis
.balance
-
Wallet
Metamorphosis: • Your balance is: 0 XMR
-
Metamorphosis
Oh, I am poor
-
parazyd
.faucet
-
Wallet
parazyd: OOPS! 30 min penalty. 26 hours to go.
-
Drgonz0
anyone declares crypto gain to CRA?
-
SlyFerret
don't have to worry about gains if you hodl
-
Metamorphosis
.duckcall
-
Wallet
Metamorphosis: ・゜゜・。。・゜゜(')> 🦆 'QUACK QUACK!!'
-
Metamorphosis
.bang
-
Wallet
Metamorphosis: YOU GOT HIM! Time: ≈3.08 sec Ratio: 3 of 3 Bullets: 1 of 2
-
Metamorphosis
.reload
-
Wallet
Metamorphosis: You're reloaded with 2 bullets & 2 treats.
-
Metamorphosis
.bal
-
Wallet
Metamorphosis: 0 XMR
-
Metamorphosis
.bang
-
Wallet
Metamorphosis: WTDuck you shootin at? They'll come when they're ready or try .duckcall
-
Metamorphosis
.reload
-
Wallet
Metamorphosis: You're reloaded with 2 bullets & 2 treats.
-
nioc
Metamorphosis: please not in this channel
-
Metamorphosis
ok. sry
-
nioc
you can do it directly with wallet or in #tippero
-
moneromooo
o_O
-
botcoinnotbot[m]
hey, when adding a peer to the monerod.conf file you im guessing you dont have to add the "--" right?
-
botcoinnotbot[m]
thanks
-
moneromooo
Yes.
-
selsta
add-peer=IP
-
parazyd
-
selsta
or add-priority-node=IP
-
botcoinnotbot[m]
thanks! btw another noob question here, do I have to do anything special in order to connect to onion nodes
-
moneromooo
Yes, run a tor server.
-
moneromooo
You'll also want to run --tx-proxy, see ANONYMITY_NETWORKS.md for details.
-
parazyd
-
moneromooo
There's a script in contrib/tor or so which does it.
-
botcoinnotbot[m]
last question, are there any high bandwidth performance nodes you would recommend for an initial sync?
-
selsta
no
-
selsta
just increase out_peers
-
selsta
it should saturate your bandwidth to the point that the bottleneck is somewhere else
-
-
botcoinnotbot[m]
hey, should i be worried about this
-
moneromooo
Of course.
-
selsta
botcoinnotbot[m]: what script is this?
-
selsta
also which OS?
-
selsta
it says shasum command not found which should be installed everywhere
-
moneromooo
shasum ? Or sha256sum ?
-
moneromooo
"sha" is underspecified
-
Mochi101
sha++
-
-
selsta
botcoinnotbot[m]: `shasum --version`
-
selsta
what does this return on your system?
-
yanmaani
run alias shasum=sha256sum and run again
-
yanmaani
(run the command "alias shasum=sha256sum", then run ./download_monero_binaries.sh again)
-
selsta
the script uses `shasum -a256` which should work fine on debian
-
selsta
at least it works on my ubuntu VPS
-
Bill48105
games should be disabled on Wallet in here now
-
yanmaani
works on mine too
-
yanmaani
o yeah, maybe just try to install shasum
-
selsta
sethsimmons: ^
-
-
botcoinnotbot[m]
i did alias `shasum=sha256sum` but i still get the tampered message
-
selsta
don't do alias shasum=sha256sum
-
Duvio
.faucet
-
selsta
or wait
-
Wallet
Duvio: How many letters in heat
-
Duvio
4
-
Wallet
Duvio: @bonuspot tipped 0.0000046 XMR to Duvio [ae27d019] Wait ≈23 hrs 55 min before trying again. @bonuspot: 0.01676991
-
selsta
-
botcoinnotbot[m]
was having same issue after changing to sha256sum, so i went back to using ubuntu and it was fine
-
selsta
not sure what exactly is different on debian
-
ocb
exceptions happening randomly, rarely. last time happened when connecting to a remote node.
termbin.com/ghcp
-
moneromooo
Use your own node.
-
botcoinnotbot[m]
sorry for all of the questions, but when i add a peer to the config file (add-peer=) and then try to start monerod it says `Error: Couldn't connect to daemon: 127.0.0.1:18081`
-
moneromooo
Is your daemon running on that machine and that port ?
-
moneromooo
er, wait
-
moneromooo
monerod says that ?
-
yanmaani
where can you buy domain names for monero?
-
selsta
njal.la
-
ocb
moneromooo: i am already using my node.
-
ocb
moneromooo: my node which is remote node.
-
ocb
that log is from the node.
-
yanmaani
selsta: anything else?
-
ocb
moneromooo: other than that, monerod is running well ~2tb upload in 3 weeks
-
-
ocb
that log is from monero-wallet-rpc
-
ocb
as for the monerod i can't see anything related in the log (until i increase verbosity (maybe))
-
moneromooo
OK. Is it a slow connection ?
-
moneromooo
Slow or unreliable.
-
ocb
dedicated 1gbps, unreliable no as it's 95% percentile is about 300mbps
-
moneromooo
And is it synced ? Syncing would take the main blockchain mutex for long periods of time, which would stop most RPC.
-
ocb
at the moment of the error i am not sure if it was fully synced. i will check logs.
-
ocb
moneromooo: it is fully synced. i assume more verbose logs will be needed, will restart daemons for more logs a bit later.
-
ocb
the last log related to sync i see it 2021-05-09 18:27:41.069 [P2P7] INFO global src/cryptonote_core/blockchain.cpp:1247 REORGANIZE SUCCESS! on height: 2357325, new blockchain size: 2357327
-
ocb
but i assume that should be ok
-
ocb
nvm, will get back with more logs
-
moneromooo
Seems fine, yes.
-
moneromooo
Unexpected recv fail is typically a timeout.
-
ocb
will keep an eye on it
-
thommy
so what is the current status of atomic swaps?
-
moneromooo
People are working on it. At least two teams/projects.
-
kayabaNerve
PoCs exist, along with a testnet MVP by COMIT. Work on the full suite is being done by Farcaster, still.
-
synaps3
what is recommended configuration for solo mining monero ?
-
moneromooo
Fast Ryzen, lots of cache.
-
moneromooo
There is a site called monerobenchmark.something IIRC, probably com.
-
moneromooo
with an s too probably
-
moneromooo
You may want to use xmrig, which can mine to monerod, and is faster than monerod.
-
apotheon
synaps3: Also, use a pool that is not a significant percentage of the total mining on the Monero network, and consider trade-offs between connecting your mining rig via anonymity network (I2P or Tor) for privacy versus clearnet for less latency.
-
moneromooo
Pool selection is not relevant for solo mining.
-
apotheon
Oh, solo mining.
-
apotheon
I missed "solo".
-
apotheon
I *just* woke from a nap. Sorry.
-
moneromooo
Don't worry, all stormtroopers also did.
-
apotheon
I was just going to make a Star Wars joke.
-
apotheon
. . . but I'm slow, with this whole nap issue.
-
moneromooo
Carbonite too ?
-
apotheon
couch, actually
-
apotheon
It's one of those couches where the ends recline, though.
-
apotheon
I think I'm going to call it an "accleration couch" from now on.
-
apotheon
except without missing a letter
-
moneromooo
You wrote too fast.
-
apotheon
indeed
-
apotheon
synaps3: I think another good recommendation, for Solo mining, is to give your mining rig the hostname "slave1".
-
Doomer
hehehe or "botnet11546"
-
apotheon
1138
-
thommy
kayabaNerve where can I find whitepapers/resources, i tried looking but I can't seem to find any execept some lonely github repos or newssites
-
kayabaNerve
-
kayabaNerve
-
kayabaNerve
Can't comment on COMIT though
-
kayabaNerve
Oh. Farcaster does do monthly updates on Reddit
-
yanmaani
would it be possible to do pooled mining in a decentralized way by doing something like p2pool but with a layer 2 solution?
-
yanmaani
with p2pool, the situation is basically you have a gearing ratio, right
-
yanmaani
so if main chain has 10 minutes/block, sharechain has 1 minute per block say, so you need 10x less work to find a block
-
yanmaani
but the problem is there's a lower limit
-
yanmaani
but say you get together with a friend to mine, 50/50, blocks of the sharechain
-
yanmaani
then you can get a gearing ratio of 20x
-
yanmaani
so you'd send him all the shares you find, and vice versa, and then you'd publish it to sharechain once you got something big enough
-
yanmaani
(and you'd demand that the sharechain template was to pay 50% to you and 50% to him, and ensure that was true in the shares you saw)
-
yanmaani
This reduces the problem to a simple "who goes first", which I think could be solved in other ways.
-
thommy
kayabaNerve: so what you are saying is that the protocol has been decided, the mathematical theory is sound, and now the only work left is the implementation?
-
kayabaNerve
better implementations
-
kayabaNerve
feasible ones
-
thommy
what about economic considerations? what if a large number of bitcoin sellers want to buy monero but there are not enough moneros being offered - who gets to execute trades? how are prices set?
-
sech1
supply and demand
-
synaps3
apotheon, i'd solo mine
-
synaps3
for the network :D
-
sech1
if there is not enough monero to sell at current price, price goes up
-
synaps3
buy low sell high
-
apotheon
synaps3: cool
-
apotheon
synaps3: I wasn't sure whether you were looking for profit, or what.
-
apotheon
I kinda feel like Monero's worth mining even if you just break even on purchasing power.
-
synaps3
i wanna support the network
-
synaps3
i really like monero
-
apotheon
cool
-
synaps3
best cryptocurrency imo
-
synaps3
what is purchasing power ?
-
apotheon
breaking even on purchasing power is . . .
-
apotheon
before: I have enough fiat currency to buy thirty pieces of pie.
-
apotheon
after: I have enough Monero to buy thirty pieces of pie.
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apotheon
synaps3: Basically, purchasing power is how much of common commodities your collection of currency denominations can buy.
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synaps3
aha got it
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anonmon777[m]
<throwd "anonmon777 well I guess if it's "> That would be the best way. Why do you think a wallet with founds would be problematic?
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thommy
apotheon: the current issue is: i know where to buy thirty pieces of pie with fiat. i dn't know where i can spend my moneros....
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Lyza
converting electric bill to Monero is pretty dope even at like, a 90$ return
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Lyza
90%*
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thommy
apotheon: and the amount of goods that you can buy depends on locale
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anonmon777[m]
You have to ask your hairdresser, driver, employee, etc.
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apotheon
Lyza: Measure the purchasing power at the time you use it, I guess.
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apotheon
thommy: true
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apotheon
It's a difficult calculation.
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thommy
Yeah, but convincing someone, even technical ppl, is not easy. I'm trying to teach a friend how to use monero and maybe I'll be lucky and convince him to buy some.
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Doomer
how to convince normies to buy crypto 101 : step 1: tell him "it will make you rich" . step 2: ... step 3: profit?
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thommy
If i could pay my bills with moneros that would be so peak
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Doomer
You have enough to pay your bills?
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throwd
anonmon777[m] Well you'd need to unlock your wallet each time you needed to sign something. If you're running an RPC server and your wallet is unlocked and someone else could interact with it then they'd also have access to your funds (I don't knwo what the RPC server provides). Just seems better to seperate 2 valuable things, your passwords, and your funds
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throwd
It's also what they reccomend in the video on their page
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thommy
Doomer: thats exacly what i've been doing. "I told him: remember when i told you to buy? and you didn't? look at the price now!"
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Doomer
thommy and it worked?
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thommy
Doomer: nah, I'm not exacly rich lol, i like the technology and idea behind moneros
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thommy
Doomer: It's still a work in progress, I hope that I can convince him to install it this week
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Doomer
thommy same. i was fascinated by the blockchain as a technology and as a potentially alternative for our economic system in the far future.
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Doomer
yet i dont actually own any.
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thommy
but I think he was receptive to the concept when I explained the benefits
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Doomer
cause it's practically illegal in my country
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throwd
We won't tell your government if you get some monero
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thommy
It's (still) in my country :)
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thommy
I think I maybe should start to mine some...
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throwd
You should, it's pretty straightforward
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apotheon
thommy: Convince people you don't even know to use it by offering some goods or services payable in Monero. In fact, if you provide goods and services somehow, offer them at a discount if the client/customer pays in Monero.
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Doomer
throwd well the thing is it pretty hard to get your hand on any. the only way i know of is either if you have relatives from outside the country or if you trust a shady local
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Doomer
who would 99% scam you
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thommy
thowd: but I only have old PCs so I'm not sure if i even get to mine anything at all
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apotheon
thommy: If you know of local entrepreneurs running lifestyle businesses, and you need their goods or services, offer to pay in Monero at current exchange rates, and point out that cryptocurrencies tend to gain value relative to fiat currency over time, so that they can actually profit from taking Monero.
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throwd
I had some old parts laying around and I used them to start mining. The returns were bad compared to the power used, but it was an exercise that I found enjoyable and lead me to buying newer equipment for it
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Doomer
throwd wanna sell me some monero in exchange for our national worthless shit currency?
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throwd
You make it sound so appealing lol
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Doomer
it's so worthless they decided to not integrate us into paypal
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apotheon
Doomer: I think 98% is more realistic, by the way.
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Doomer
yeh 98% would scam me the other 2% would sell at an extraordinary inflated price
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apotheon
Well . . . just sit on it a while and Monero value may climb past that point.
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throwd
Are there any electronic sites that take monero?
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apotheon
I say all this stuff, but I know it's difficult to actually do some of it. I struggle with it, too. Those are the most straightforward ways I know to pursue the stated goals, though, combined with the mining option.
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thommy
apotheon: that's actually an excellent idea; it's called "the good currency drives the bad one out of business"; at this point in history I'm waiting for the prommised hyperinflation due to central banks printing money like crazy and increasing monetary supply to never before seen levels - it's just a question of when ppl will notice their fiat is wothless
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apotheon
throwd: yes, one moment
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apotheon
throwd: I'll find the link.
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Doomer
sorry for being butthurt but this week a guy was sentenced to prison in my country JUST for owning cryptos
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throwd
How did they find out?
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throwd
Is there a news article maybe?
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apotheon
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Doomer
the guy was selling it
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throwd
Thank you apotheon
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Doomer
yes
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apotheon
throwd: not a wide range of useful stuff, but there's definitely stuff
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Doomer
the thing is we dont even have a law about cryptos, they arrest them for "owning foreign currency"
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Doomer
which is illegal in here
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apotheon
About mining at a "loss", though, it's also worth considering the fact that the loss can be reversed by expected increases in the ratio of Monero purchasing power to fiat currency purchasing power.
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louipc
tunisia?
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Doomer
unless you're one of the few who are allowed
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Doomer
yes
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thommy
oof for owning foreign currency
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apotheon
It just takes time for that ratio to change enough to overcome the inefficiency of mining with suboptimal hardware and electricity prices.
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louipc
i heard there was some foreign crypto mining business operating there too
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louipc
yea one of the few allowed
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apotheon
I've been to Tunisia, in the mid-1990s. It was an interesting experience.
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Doomer
that's the thing foreigners are allowed, locals not so much at least legally
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apotheon
I did not go to the parts of Tunisia in travel agency posters.
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Doomer
where did you go?
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louipc
thats tough man not sure what to say
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apotheon
Doomer: somewhere inland, in shepherd country; dunno even where on a map it was
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louipc
the ppl need to assert the rights they wish to have... or escape if they can
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apotheon
Doomer: I was US military at the time, and doing some joint training stuff with Tunisian special operations units.
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Doomer
louipc not enough people care.
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Doomer
apotheon when was that?
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Doomer
pre 2011?
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louipc
Doomer: or scared
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apotheon
yeah
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apotheon
23:52 < apotheon> I've been to Tunisia, in the mid-1990s. It was an interesting experience.
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apotheon
It was only a few days.
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Doomer
louipc neh not scared. luckily tunisia is a long way from that past
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louipc
Doomer: people are even scared in canada
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throwd
In Canada!?
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louipc
yes
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throwd
What's going on in Canada
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Doomer
tunisia is political anarchy but not in authoritarianism no more
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louipc
scared of prison or fines
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throwd
For crypto?
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louipc
throwd: pandemic authoritarianism
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Doomer
prisons for cryptos?
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louipc
im just saying ppl generally scared of authority
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throwd
I don't know too much about that. I've heard that you get slapped with fines for going outside
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louipc
throwd: yea but also a canadian crypto exchanged was subpoenaed for all users personal data
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louipc
they are doing that too
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apotheon
louipc: Was that a fishing expedition, or were they looking for some specific person?
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louipc
its all part of the money grubbing tax systems allover the world
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apotheon
. . . or pretending to look for some specific person to get access to a bunch of data for fishing expeditions?
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throwd
Is requesting data for all users legal in Canada?
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louipc
apotheon: dragnet i think
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apotheon
throwd: good question
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apotheon
I'm not clear on the relevant legal situation in Canada.
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louipc
they dont care about laws
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apotheon
I don't think I've been to Canada since the '80s.
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throwd
If it isn't legal, they could have a loophole for money laundering or something
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throwd
I've only been to Canada once it was nice. I was surprised how clean it was
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throwd
I even saw someone sweeping a sidewalk lol