XmrLovingAncap

joined 2 years ago
[–] XmrLovingAncap@monero.town 1 points 3 weeks ago

Currently it's usually between 30-50 uXMR (Micronero) (0.00003-0.00005 XMR).

This would go down the bigger the amount of transactions gets, but it will increase with the FCMP++ upgrade.

[–] XmrLovingAncap@monero.town 2 points 3 months ago

Yes, ɱ is basically just a short version for Monero/XMR. Denominations for Monero are just plain metric system prefixes: mXMR (milli-), μXMR (micro-), nXMR (nano-) and pXMR (picoXMR).

[–] XmrLovingAncap@monero.town 6 points 4 months ago (1 children)

Have you tried Retoswap?

I mean you need a PC to trade on (mobile is coming) and it's not instant, but most people are very quick with crypto<=>XMR swaps so it feel basically instant.

[–] XmrLovingAncap@monero.town 2 points 5 months ago

Have you read/seen the following? https://monero.observer/openmonero-hacked-reports-all-funds-stolen/

Openmonero isn't really the answer.

It would be nice if we'd be able to make trades without arbitrators and a 100% security budget on Haveno. Or have a system where you can choose your arbitrator (with some sort of profile page for them). So arbitrators could build trust. Solving decentralized trust systems isn't easy.

[–] XmrLovingAncap@monero.town 3 points 6 months ago (1 children)

Mini and Nano (in regards to P2Pool) are separate Mining pools. Think of them as a very big miner. The bigger the miner (i.e. more hashrate) the time to hit a block is lower and therefore he receives more rewards per time interval. The smaller pools (Mini/Nano) are for people with low hashrate devices so that the blockreward gets split somewhat equally between them.

For example if you would mine with a very low hashrate on your own, you'd maybe hit a block every 10 years. If you then combine your hashrate with other miners, that have a comparatively high hashrate to yours, the pool hits blocks much more often, but you won't get rewarded that often because you didn't participate that much. If you then join a pool with people with low hashrates, your mining pools hits blocks more often than you would by yourself, but not all too often. But it's also much more likely for you to get rewarded a piece of the block reward, as you contributed somewhat equally to the pool.

I hope this explanation helps with your understanding and I didn't butcher to many details 🙃

 

Another year of #Porcfest, another round of vendor stats: Percentage of revenue:
#Cash 68.99% (was 72.2%)
#Zelle 2.16% (was 2.69%)
#Goldbacks 3.2% (was 11.77%)
#Silver 3.82% (was 4.44%)
#Monero 7.95% (was 5.42%)
#Bitcoin 5.33% (was 0.47%)
#Zano 3.09% (was 0%)
#BitcoinCash 2.73% (was 0.62%)
#FUSD 1.79% (was 0%)
#Zcash 0.41% (was 0%)
#Dogecoin 0.22% (was 0%)
#Ethereum 0.17% (was 0%)
#Litecoin 0.13% (was 0.56%)
#BitcoinLightning wasn't available this year, as the non-custodial setup stopped working (was 1.82%)

The percentage of total crypto sales was:
~7% in 2022
~9% in 2023
~9% in 2024
~22% in 2025

So the numbers, only looking at crypto, are:
#XMR 36.4%
#BTC 24.4%
#ZANO 14.2%
#BCH 12.5%
#FUSD 8.2%
#ZEC 1.9%
#DOGE 1%
#ETH 0.8%
#LTC 0.6%

So Zano coming in hot (probably thanks to the three Zano Foundation guys mostly) and Monero is still leading the crypto pack. Overall Fiat usage declined ever so slightly (-5%), while precious metal usage declined dramatically (-57%, probably because this year there was no Goldback tent and/or people around). Though Crypto usage increased a lot (+140%).

Maybe I need to ask more vendors if they collect their stats to get a more general Porcfest overview.

Oh and most vendors accepted Monero. Majority of the few that didn't were onboarded by me. Like the Satoshi film makers, which you can now fund/support using XMR (https://linktr.ee/satoshi.movie)

Link to the original Nostr Post

[–] XmrLovingAncap@monero.town 2 points 6 months ago

Just in case someone isn't aware of it yet:

Kewbit scammed the Monero Community so stay away from his stuff (haveno.com etc)!

If you're interested in the REAL haveno mobile version you should look at this here: https://github.com/atsamd21/Haveno-app

[–] XmrLovingAncap@monero.town 4 points 6 months ago

Thanks and sure, no Problem :)

[–] XmrLovingAncap@monero.town 4 points 7 months ago (4 children)

I don't think it's so bad tbh. If you look at BTC/BCH they have 10min block time so if you wait for at least 1 confirmation you have around 3 XMR confirmations on average. But for bigger sums you most likely want at least to wait for a second or third which brings you close to or close above 20min. (For really small sums you can just accept 0-conf. Monero does NOT have RBF (replace by fee), so the other person can NOT betray you.) And that is only IF you get into the next block (which is a problem for BTC).

In reality, if you start using Monero, vast majority has more than a single output, so you can buy a few things in quick succession. Also you can just use Cake as a receiving wallet and then Monerujo as your spending wallet, which has the feature named Pocket Change (that makes sure you always have a bigger amount of outputs available). That's why I'd argue that the 10 block lock isn't really a big hindrance in reality.

[–] XmrLovingAncap@monero.town 1 points 7 months ago

The 'KYC' informations you need to provide are just necessary informations for the trade (like an address for cash by mail or your bank account for SEPA). Also those informations are stored locally and only revealed to your trading peer when needed. So no complaints there from me.

And unlicensed? What license do you expect? We're free humans that just exchange wealth in a voluntary trade. No license needed.

The process is not really complex, but you need to do it once to really grasp the concept. But it's pretty much self explanatory. Depending on your region Zelle/CashApp can be used, yes.

[–] XmrLovingAncap@monero.town 5 points 7 months ago

I agree. With the mobile app around the corner it's going to be even better. Haveno is basically Normie-ready xD

[–] XmrLovingAncap@monero.town 2 points 7 months ago

Even though it's more like Twitter I see pretty good discussions on Nostr. So maybe take a look at that? https://following.space/d/ygm6vtdp3arx?p=af740d198babb8c7b82d0a4718eb354bb3f6af9a98639b85d4a5cf1371caba85

 

So I got some stats from one of the bigger vendors at PorcFest this year:
Percentage of revenue:
Cash 72.2%
Goldbacks 11.77%
Monero 5.42%
Silver 4.44%
Zelle 2.69%
Bitcoin Lightning 1.82%
Bitcoin Cash 0.62%
Litecoin 0.56%
Bitcoin 0.47%

The vendor accepts any crypto. Over the years he also received Dash, XRP, Doge, TFuel and ETH.

The percentage of crypto sales in general was:
~7% in 2022
~9% in 2023
~9% in 2024

So the numbers, only looking at crypto, are:
XMR 61.0%
BTC LN 20.5%
BCH 7.0%
LTC 6.3%
BTC 5.3%

 

Holy! I might be a bit late to the party, but I just checked the recent numbers from ShopInBit.com for june:

#Monero 74,54 % 👀🤯🥳
#Bitcoin 23,64 % 😂
#LightningNetwork 1,73 % 🤣
FIAT 0,08 %

https://xcancel.com/shopinbit/status/1811651225005195471

Also they said if Monero surpasses the volume of Bitcoin in the next two month, they change their bio to "Europe's biggest Bitcoin and Monero Store" (which should obviously name Monero first but whatever xD).

Btw the numbers for coincards.com show a similar but not as devastating picture:

#XMR: 34.4%
#BTC (Onchain): 25.96%
#USDC: 20.20%
#ETH: 9.84%
#LTC: 2.49%
#Solana: 2.31%
#Dogecoin: 2.09%
#LightningNetwork: 2.08%
#USDT: 0.58%
#Dai: 0.04%
#Matic: 0.01%
#Dash: 0%

https://xcancel.com/CoinCards/status/1809702144288882870

 

I was kind of blown away to what length the developers go to ensure your communication is as safe/secure as possible (while still delivering a very useable app).

 

I was kind of blown away to what length the developers go to ensure your communication is as safe/secure as possible (while still delivering a very useable app).

 

https://nitter.net/watchfund/status/1732391070216908886

Either a whale was generous or the hacker felt bad? 🤔

 

Just stumbled upon this video. Never heard of this channel. But the explanation of Monero and some of it's features are pretty good.

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