He can now buy it from you for 1 ETH.
True. Similarly, it's kind of sad how you have to register accounts on all established and new popular social media if you want to avoid people getting scammed in your name. And even then there's a proliferation of handle variations scammers can still use.
Vanadium also interrupted the connection and alerts you it's probably a fake website that slightly changed the URL. Nice.
Should Mutiny buy up all these domains?
Friendly reminder to not buy the paper.
I can buy more stuff with my corn?
Another ocean breeze onchain ☺️
Gotta love mempool.space.
They wanted to close channels for some time and fees are currently dropping so they think it's a good time.
Bisq indeed has high volume XMR trades (a few power users), but the absolute majority of trades are not with the Monero trading pair.
There is no "major" demand. It's at best niche compared to demand for bitcoin. Atomic swaps have been a buzzword for many years, glad to see there is finally smth happening there..
Why swap to a slow bleeding privacy coin every month, if you can use the best SoV privately already today?
You are forgetting that you also need to acquire Monero before you "hit the send button". The swapping to non-kyc Monero can also be considered tedious and expensive. Not a lot of apps and low liquidity. Acquiring bitcoin non-kyc is a breeze with Peach, Robosats or Hodlhodl, because there is demand and adoption.
The reason that the happy few can transact cheaply on Monero today is because adoption is so low, hence fees remain low. Monero is not even processing 10% of Bitcoin's onchain txs (again small anonset, and even disregarding all the LN tx here). Demand is just so low that it's a "fraction of a cent" now, but this is not sustainable if you think Monero will be successful and adopted more widely.
Lol, have you read the article?
“Senders have amazing privacy on Lighting on a general level,” Giorgio said.
That's right, "amazing" sender privacy just like I claimed.
Receiver privacy is being worked on, but let's not claim Monero doesn't have any challenges. It can't scale, there could be an inflation bug, etc. Bitcoin made the right choice to build on a foundation of transparency, and to add privacy later. The market has been confirming this time and time again.
Also, Bisq and Robosats are Bitcoin decentralized exchanges that happen to offer an xmr trading pair. Xmr trading is very limited to almost non existent on them.
Monero is a bad store of value asset, meaning you need to swap in and out every time you want to use it, else you lose purchasing power. These swaps reduce the anonset further.
If you instead open a LN channel with a non-kyc, conjoined Bitcoin UTXO, you can spend when and where you want privately, without losing purchasing power over time.
When you spend through Lightning, your anonset is practically the entire LN network.
True, but Bitcoin did a 20x prior to that..
Bitcoin has had ridiculous tx fees indeed, but scaling is being worked on. One onchain tx can now allow for thousands of L2 tx.
Monero privacy is impacted though by the small anonset. Having less and less ways to obtain xmr will hurt adoption and the anonset at play.
It's getting slapped back to 100 USD. But price doesn't matter, right?
Binance announced they will delist Monero in two weeks.
XMR maxis celebrating. XMR holders rugged.
Friendly reminder to not hold any XMR, as it will continue its slow bleed against BTC in the coming years.
