What is the future if all governments follow the japanese lead and try to ban Montero from the exchanges?
I believe you just need one guy somewhere hosting the exchange + BTC or other coins need to be legal to exchange Monero and you can still hide your traces. But I am not sure, is this right?
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I'm looking for a small mobile-app project to teach myself React Native. One thing I'm considering is a Monero wallet that runs on your phone, but doesn't scan the blockchain itself. You would run a "full" wallet on your desktop or a VPS so that it runs all the time and is always in sync. Then the mobile app would simply communicate with this full-wallet via HTTPS.
This would prevent you from having to scan for new txs every time you opened your mobile wallet.
Would anybody be interested in using something like that if it had a slick UI? Or is the separate wallet-backend app running on your home desktop a deal-breaker?
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I've seen people confused about the differences between exchanges so I did some research on some of the most popular Crypto to Fiat Exchanges. These are all exchanges I have personal experience with. They are all solid products but they come with slightly different user experiences and fees.
If you would like to learn in more detail about the UI/UX, Fees, and difference between Coinbase, Coinbase Pro, Cash App, and Kraken read my complete article on the Best Crypto Exchanges
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So I've been trying to figure out how to get around the kyc here in america because I don't want monero users to have to buy a burner phone every time they use the atm (kyc through phone number works and was a good idea until I realized the impracticality of trying to use it as a get around).
So I'm just spitballing here. Can I make it operate in the same sort of fashion that prize/gumball/claw machines or casino chips operate. If you think about it, all that needs to happen is the recipient needs to get some sort of secure way to retrieve the crypto. Let me clarify.
If someone needed to buy monero they'd insert cash or card, the machine would ask how much they'd want, they would be charged and the machine would give them an item that would indirectly give the recipient monero.
Now here is the tricky part. If I blatantly exchange fiat for any cryptocurrency I'd get in trouble because it violates a bunch if laws and blah blah blah. So is there a way to make that last step a sort of mix between, chips at a casino or prize machine? Take for example a prize machine, if you insert a coin you get a prize. But in this case you could in theory buy a token that would hold the same value as however much monero you wanted.
I was thinking, the machine spits out extremely low capacity micro sd cards and on that card you have a file that holds the keys to a wallet that holds the monero. In this case the sd card itself isn't any form of currency. The sd card only holds coded information which is infact protected under the 1st amendment (Bernstein v. Department of Justice https://www.clearinghouse.net/detail.php?id=13683). And at the same time, it holds the monero you wanted.
For crypto other than monero, I would probably just require a phone number because it would still be less privacy invasive but not not make the recipient have to go around the whole anti-kyc process.
This is only half of the problem. The other half would be to find out how to change that monero back into cash. I have a couple ideas but I'm just gonna solve one problem at a time. Thanks!
Edit: spelling and clarification
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Anyone out there with a silk road / alphabay / tainted BTC who wants to exchange it for a clean one?
I’ve got a taker for you on Twitter who seems to believe Bitcoin taint doesn’t exist.
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So I’m new to Monero, it’s quite interesting. I’m trying to buy some Monero online, and safely/successfully get it to market. I’ve received opinions before, but I feel this sub is best suited for this question.
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Krakens Top Crypto Traders Reveal Bitcoin (BTC) Forecasts List Ethereum Monero XRP Litecoin and Tezos As Favorite Altcoins
Tethereum global announce Monero as a main payment method , and giving a nice bounty 2.000.000 TETH on total . don't miss the opportunity https://www.tethereum.website/?ref=G7uo9H1u
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Given the success of the previous MAAMs (see here), let's keep this rolling.
The principle is simple: ask anything you'd like to know about Monero, especially the dumb questions that you've been keeping for you every other days, may the community clarify it all!
Finally, credits to binaryFate for starting the concept!
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I am a big fan of Monero (for privacy and true community driven development) and I am also a big fun of ETH and its DeFi ecosystem for obvious reasons. I found this archived thread:
I wonder if anything came out of it since then? Where I can read more about it? One of the suggestions was to make a wrapped Monero version, so it can be traded on all ETH dex'es. I think it would be really great to have such trustless and decentralized bridge between ETH and XMR. In fact, it would also provide bridge to BTC (through wrapped BTC on top of Etherium). What do you think?
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I'm trying to understand key images a bit better. I have a few questions, I'd appreciate any insight on these:
Motivation: I'm trying to figure out how to set up my system where I have multiple one wallet but multiple view-only computers that monitor it and one offline wallet with private keys. I want all those view-only computers to see the true balance, that is, also the output transactions.
Thanks for any help!
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Monero GUI wallet : created an account address sent money rebooted no more account address in the GUI. How do I access it?
Hi, after restoring a Monero wallet, I generated a new account that I shared to receive payment. After creating it (Receive > Create new address) I rebooted my system and the address is gone.
Is it known bug? How do I access the account that should be in the wallet? (is it thou?)
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When the founder of Bitmonero want to merge with another project and the community revolted and forked what was the other project?
Please stay on topic: this post is only for comments discussing the uncertainties, shortcomings, and concerns some may have about Monero.
NOT the positive aspects of it.
Discussion can relate to the technology itself or economics.
Talk about community and price is not wanted, but some discussion about it maybe allowed if it relates well.
Be as respectful and nice as possible. This discussion has potential to be more emotionally charged as it may bring up issues that are extremely upsetting: many people are not only financially but emotionally invested in the ideas and tools around Monero.
It's better to keep it calm then to stir the pot, so don't talk down to people, insult them for spelling/grammar, personal insults, etc. This should only be calm rational discussion about the technical and economic aspects of Monero.
"Do unto others 20% better than you'd expect them to do unto you to correct subjective error." - Linus Pauling
How it works:
Post your concerns about Monero in reply to this main post.
If you can address these concerns, or add further details to them - reply to that comment. This will make it easily sortable
Upvote the comments that are the most valid criticisms of it that have few or no real honest solutions/answers to them.
The comment that mentions the biggest problems of Monero should have the most karma.
As a community, as developers, we need to know about them. Even if they make us feel bad, we got to upvote them.
To learn more about the idea behind Monero Skepticism Sunday, check out the first post about it:
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Best app for android and iphone for monero wallet and what website is best for meeting ppl in person for cash monero transactions?