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LobYonder @monero.town
Posts 7
Comments 31
macroeconomics @monero.town LobYonder @monero.town
brownstone.org You Might Own Nothing Sooner Than You Think ⋆ Brownstone Institute

This article explores ownership, assets, Central Bank Digital Currencies, and The Great Taking, which threatens our non-monetary assets.

You Might Own Nothing Sooner Than You Think ⋆ Brownstone Institute

Article about WEF/CBDCs discusses Monero positively.

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Skepticism Sunday #3 — August 11, 2024
  • 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.

  • Global IT outage shows dangers of cashless society, campaigners say
  • 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".

  • Concerned about my friend who’s a Bitcoin maxi
  • 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.

  • How To Encrypt Your Mnemonic Seed Without A Computer/Internet
  • 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 .

  • Corbett Report interview on living fiat-free (mentions XMR)

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    odysee.com Monero privacy Apple style

    View Monero privacy Apple style on Odysee

    Monero privacy Apple style

    Found this 2021 video

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    A Michigan group discusses alternative currencies

    realizehomestead.com Alternative Currencies and Methods of Exchange - Realize Permaculture Homestead

    Here at Realize Homestead, we don't accept US fiat dollars 💵 in exchange for our goods and services. (okay, there are a few minor exceptions...) We also

    Alternative Currencies and Methods of Exchange - Realize Permaculture Homestead

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

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    Communities outside government control

    SimpifiedPrivacy has an article on non-state communities

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    Bitcoin is going to fail
  • 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

  • [Meta] Looking for new mod to take over
  • I have an interest in prepping and self-sufficiency, although not much practical experience. I can take over for now if the technical requirements/duties are not onerous but if the community remains inactive then closing it in a few months may be the best option.

  • I inherited my father's crypto savings trough Monero
  • 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?

  • Monero on Nostr: Some progress
  • So I installed Gossip, created an identity but did not publish it, and added some relays and followed your public key. Now Settings says my "public key not set" while Account>Keys says "ready to sign events" and your follow says "relay list not found" and Inbox is empty. What else do I need to do?

  • Dampening Volatility To Promote The Monero Economy
  • 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.

  • Nostr needs a Monero Takeover
  • I already have done some rough work on the idea and have a bit of an idea what a good spec would look like.

    Can you expand on that? Is the idea being actively discussed/developed anywhere?

  • 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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