• 2 Posts
  • 16 Comments
Joined 1 year ago
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Cake day: June 12th, 2023

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  • As you “have no time to look deeper into this” we will end the discussion here.

    I find the questions you raise very useful, but this tone totally kills the ability to convince anyone.

    I tend to think that the ability to simply switch to other servers with a few clicks/taps is a big improvement over the Signal model, where you’re at the mercy of a single company. I agree that until community-run servers emerge (I don’t know the progress on this) and people switch to those, SimpleX-the-company can perform a limited form of statistical surveillance. they can also defederate from any server (I suppose that’s how they would carry out the “disruption” they mention in their terns of service), though that’s something that every server can do.

    is there a better architecture that can prevent this? if there is, we should look into that.


  • yeah, you created an account and posted this right after and nothing else. you must be totally not Majestic Bank yourself.

    you ripped me off every time I used your service. you skewed the price in your favor by several percentages after my transaction was detected, while the trade was processing. I even corrected my calculation for price volatility during the trade, so you can’t say “sorry, the market tanked while you were waiting”. overall I usually ended up losing 4-5% compared to mid-market prices at the time of the first confirmation of my deposit. (for perspective, this was in times when XMR had good global liquidity and anything above 2.5% loss was basically a ripoff.)

    the only remotely positive thing about you is that you pour a lot of money into Monero conference sponsorships. this self-advertising is the sole thing that keeps your reputation within the Monero community from going to zero.

    your shitty practices ensured I will never trust you again. get lost.







  • on the major existing decentralized exchange, Bisq, you already have a publicly observable price feed for XMRBTC. you can calculate XMRUSD based on that and a BTCUSD price feed that you trust.

    DEXs that are in the making, namely Serai and Haveno, both plan to have at least one XMR pair with an Ethereum-based dollar-pegged coin. I suppose, although I’m not sure, that at least in the case of Serai the trades on that pair will have publicly observable prices.

    Haveno will also have non-blockchain, actual fiat (cash, wire, payment apps) pairs with XMR.

    you can take sources like this and calculate an average or a median. current price aggregators, like coin listing sites, will probably do the same, so it’s likely that even in a DEX-only future you’ll get your prices from the same sources as today.