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Joined 2 years ago
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Cake day: June 25th, 2023

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  • In Europe, probably not. The bureaucracy is too thick. For the US, maybe but as mentioned in other responses we don’t need CEX access. What is likely is that due to Trump’s executive order, banks may be allowed to hold digital assets. That means, you could just open a litecoin or USDT account in your bank and transfer money in and out of it from your fiat bank accout. CEXes are complicated (compared with instant exchanges) and tend to have KYC rules that if stolen can be used with AI to not only identity theft you, they have the power to put you at the scene of a crime or blackmail you. Banks don’t need nearly as much KYC since they know you directly. This would have a huge effect. It allows you to be paid in crypto and merchants to receive money in crypto so crypto can instantly be used by all stores without pain. Not only that, if you can be paid in Litecoin, paying it to your personal wallet, you can use MWEB to instantly swap it with Monero (e.g. on BasicSwapDex, Haveno, or a DEX) so you can hold all your daily money in Monero. It should be possible to do this automatically via a script. Unless you want to do a lot of trading and want the proper tax forms automatically set up for you, I see no reason why anyone of any experience level would even want to use CEXes when banks could hold crypto.


  • The issue is more the onramping than the offramping. As long as gift cards are available, it’s fairly easy to use Monero gift cards for Amazon/eBay/Facebook marketplace. This doesn’t create a Monero circular economy, but it does ensure that once you have XMR, you can live off it even if no-one else in your area accepts it. XMRBazaar is better since it help the Monero circular economy and provides a good way to both onramp and offramp.

    Three things could greatly help XMR: (1) If banks could custody crypto (promised by Trump, hopefully other countries will follow), even non-XMR crypto and you’re allowed to transfer to a self-custodial wallet, then it would be trivial for merchants to accept crypto and businesses to pay in crypto and for individuals to purchase crypto simply by moving money into your crypto account. CEXes would be irrelevant for everyone except degens. Once that happens, it’ll be easy for people to be paid in crypto which is easy to convert to and from XMR without KYC. (2) If BasicSwapDex is made easy to install and the appropriate automation scripts are created, converting to and from XMR via P2P should be trivial. (3) If Serai is finalized and proven itself and the appropriate automation scripts are created, converting to and from XMR will be trivial. (4) If all three of the above happen, having a store front that accepts XMR is trivial, even if the store only wants USDT. Also having all your savings in XMR is also trivial and can be automated.


  • It does. The proof of status comes from your value to the community and that can change with time.

    Look at Michael Saylor, for instance. He’s undeniably an official Bitcoin representative, yet he’s undeniably been incredibly harmful to the Bitcoin ethos, moving it from digital cash, to digital energy, to digital gold (HODL only), to now digital property (i.e. government controlled trad-fi) that should be managed custodially and is subject to a “digital property tax” (i.e. wealth tax). Through Saylor and his ilk, other Bitcoin destroyers have been promoted as Bitcoin representatives and actual OGs have been sidelined.

    Meanwhile, Luke Parker (now retiring for a bit), Doug Thurman, Arctic Mine, etc are undeniably Monero representatives because they proved their value, but when some of these representatives try to promote the Zano leads as being kindred spirits with Monero and potentially the way forward for Monero, a large portion of the Monero community balked because whatever past contributes they may or may not have had, they don’t represent Monero now and promotes some very un-Monero ideals. This healthy direct contribution=representation ideal keeps Monero on track and on mission.



  • I agree with Bobr. As someone who regularly keeps friendly relations between several parties who “know” they are “in the right” I can tell you that it’s unlikely the complete story is being told once emotions take over. When that happens truth takes a back seat to “being right”. From reading the logs, emotions were inflamed far too early with kewbit threatening to stop right at the beginning. You can’t lead a horse to water. At that point, the CSS should have dispassionally lay down the law without insult or consession and either negotiate an end to the CSS or negotiate new timelines and expectations.

    My reading of that likely happened is this. Kewbit appears to have classic engineer delusions. Engineers naturally overestimate their abilities and underestimate the difficulties. Experienced engineers or well managed engineers know about this tendency and add buffers and contingencies “just in case”. Kewbit likely thought he could do more than he was able to in the time period, but “knows he is just needs to get over a minor difficulty to make up the time”. When he missed his deadlines, he became defensive and the emotions on both sides started there and escalated.

    Could the drama been avoided? From the CSS side, yes. Calling Kewbit an exit scammer automatically ends any hope that can be resolved and brings needless drama. When the deadline was missed and attempts at negotiation (which are not likely show in the published logs) failed, the CSS should have been withdraw and a settlement should be made. At most, it should have been announced, “Due to on project completion disagreements, the CSS has been withdrawn. Anyone else that wishes to take over the CSS may apply with a plan.”