I like Monero but be real even Kraken still lists XMR and its on many CEX still. So this is just hyperbole “can only self custody it”. You guys oversell this point and begin to sound as dogmatic about it as “maxis” feel about bitcoin. Just be honest.
Discussion
I have never got a single piconero from a KYCed source.
Why the hell would you? Seems antithetical... But then there are those trader types trying to "dIvErSiFy"
One reason is so that you can immediately transfer it to a custodial wallet.
But then you're KYCed... So that's a non starter
...So? Is it supposed to be a secret that you own or use cryptocurrency? Do you think they can tell what you spend the currency on from a custodial wallet?
Secret and private aren't the same thing. If you've KYCed you've put your information in a honeypot...
Aren't honeypots supposed to like, catch people doing something sus? Seriously, if the only information at risk is the fact that you own cryptocurrency then what is the issue?
No.
Honeypot just means your information is centralized. So it attracts hackers.
It can also work in the way you mentioned.
Read the article I gave if you have questions.
Personally I don't want a hacker having access to my passport, photos, tax ID etc. Everything one is required to submit to be KYCed...
Not to mention the risk of people put on a list of people owning cryptocurrency. Both from hackers or the government. Ever heard of executive order 6102? Sooo many problems. And your questions indicate you probably didn't bother reading the article I linked
Lmao you have absolutely no clue what a honeypot is, but thank you for explaining what you meant.
I'm not sure which of my statements you were referring to when you said it could also work the way I mentioned, but you have a very poor understanding of Monero if you think that a KYC exchange could have any hope of tracking transactions made with a custodial wallet.
If you care half as much as I do about not handing over personal information over to financial institutions then maybe you can help me. Is there a way to own a bank account without handing over the exact same information that KYC crypto exchanges ask for? Is there a way of paying bills and utilities without having a bank account? Is there a way to live your life without paying bills and utilities?
I respect you too much to waste your time sending you fucking homework just to talk with me. The fact that you read and respond to what I write is enough for me; I don't need you to read some canned website written before I even heard your thoughts. And I expect you to continue treating me the same.
Why on earth would I waste my time rewriting what nostr:nprofile1qqs2vrneurk665gq6a2rke572y7mc8ppwr5wnd60mw8fwxharc8xsycpz4mhxue69uhkummnw3ezummcw3ezuer9wchsz9mhwden5te0wfjkccte9ehx7um5wghxyctwvshsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0vl44wp took days to write? I have a life and family.
There are no short cuts. Do your homework. I don't respect you because you have misrepresented my position and wasted my time.
You sound super well informed about CEXs. I haven't used one in years.
I'm not sure I said anything particularly debatable. Monero people are much more into circular economy and avoiding KYC. Is there not a stark difference between Bitcoin and Monero in terms of being able to acquire it on CEXs?
Educate us since you're so knowledgeable about CEXs. I bow to your superior knowledge. Meanwhile I'll keep buying Bitcoin on Bisq and mining. I bet you also have no problem with KYC and custodians SMH. Get real dude.
I haven’t used one in years either I buy with robosats. A quick search on coinmarketcap will show you how many exchanges list XMR and volume. No need to be “super knowledgeable” lol
I don't use coinmarketcap. I don't care about the price of "cryptos". Thanks for the tip though.
Also be honest, Kraken HAS delisted XMR. Depends on your location.
Fair enough, but it's delisted from Binance, the largest exchange in the world by far, and most others. Not sure what other coin is more delisted/unavailable/banned than Monero. Kraken is basically one of the few major ones left and only offers it in the USA and couple other places afaik.
I’m not disagreeing with that it is for sure heavily banned and delisted no doubt, but to say you can only use it p2p and self custody is not true. It is still listed on some major exchanges KuCoin, HTX, Poliniex etc. I’m just allergic to absolute statements that are provably not true.
Funny that you think 'listed' has any meaning. It just shows that you don't have much of a clue about what is going on in Monero.
HTX and Poloniex have no Monero to withdraw - for years. They just pretend to have Monero reserves like many other exchanges.
Best to try it out for yourself.
So all the volume is fake? Naw I’m not going to KYC myself on those exchanges so I can verify your point.