full image - Repost: newbie question...how do i actually use Monero day-to-day for privacy (
from Reddit.com, newbie question...how do i actually use Monero day-to-day for privacy)
Tried to make a post just before but I think didn't publish for some reason.Interested in using Monero for privacy.I set up Cake Wallet but I just want to check if I'm understanding this right or missing something:So for example after I purchase BTC or Eth, is the basic idea that I send that currency to my Cake Wallet (or use something like simpleswap), transfer it into Monero, then transfer it back out to the original wallet/token? And should I repeat this step before selling my crypto for fiat?Is Monero basically like an in-between currency? Whereby for privacy, I "wash" through Monero after purchasing BTC and before selling BTC? Are those the main times/situations to use it i.e. on ramp and off ramp? OR should I additionally be using Monero for every transaction e.g. altcoin swaps. Let's say I am swapping one altcoin for another altcoin, is it best if instead of doing that I swap to Monero first, and then from Monero to that new altcoin?Sorry hope you got the gist I may not have explained too well.. Thanks guys really appreciate it
full image - Repost: Buy Signal Monero USD - 19 Dec 2024 @ 18:07 -> USD196.09 (
from Reddit.com, Buy Signal Monero USD - 19 Dec 2024 @ 18:07 -> USD196.09)
Ticker: XMRUSDExchange: CRYPTOTime: 19 Dec 2024 @ 18:07Price: USD196.09Link: https://ift.tt/FTvnLV9
full image - Repost: Buy Signal Monero USD - 18 Dec 2024 @ 19:01 -> USD210.73 (
from Reddit.com, Buy Signal Monero USD - 18 Dec 2024 @ 19:01 -> USD210.73)
Ticker: XMRUSDExchange: CRYPTOTime: 18 Dec 2024 @ 19:01Price: USD210.73Link: https://ift.tt/uawzqGo
full image - Repost: I don't like polyseed. (
from Reddit.com, I don't like polyseed.)
There, I said it. I don't think I'm the only one.It's much too complex for what a seed is for. A seed is a key, nothing more. It encodes a key in a human readable way. Whether there's a passphrase or not is not encoded in the seed, and shouldn't be, for plausible deniability.Custom bits in the seed seem like one hell of a way to cause trouble.Information in the seed besides a key means the seed is not uniformly random. Polyseed attempts to mitigate this by distributing the extra information in the seed in a predictable way so that there are no seed collisions. I don't think this is a good idea even then.Block height... I'm sure it helps a lot of people to sync a seed when the block height is encoded in it. But you can just write the block height on the paper you write the seed on and accomplish the same thing.150 bits of a polyseed are the key. I'm partial to 256 bit keys. Everyone says it's overkill, but I don't see a cost that outweighs said overkill. The order of a 12 word bip39 mnemonic (for example) can be brute forced in minutes. A 24 word one takes billions of years. Nobody is ever going to convince me that that is not worth it.I'll stick to 25 word mnemonics in Monero for the foreseeable feature. I just wanted to bring this up because I've never seen a whole lot of discussion on the matter, and very little of the naysayer side on this topic.
full image - Repost: What do we need Monero to ultimately be, and is Monero in its current state fulfilling that need, and will be able to fulfill that need in the future? (
from Reddit.com, What do we need Monero to ultimately be, and is Monero in its current state fulfilling that need, and will be able to fulfill that need in the future?)
This question is pretty complex, but it is very important to the longevity of Monero both as a project and as a concept. The way that I see Monero is as a currency, full stop. Any feature that it has should first and foremost make it a better currency. Using it solely as a "privacy tool" fails at a micro and macro level of scrutiny for the same reasons that ZCash's shielded transactions do.The more people use Monero, the stronger the currency becomes. As such, Monero needs to be capable of scaling that exceeds the theoretical scaling of network demand. A failure to do so doesn't merely limit the number of users to the literal bounds of the network's capability-it will turn potential users away from the network far before it reaches that point, as they wouldn't be able to trust the network to work for them.I'd be curious to hear the thoughts of others
full image - Repost: Buy Signal Monero USD - 15 Dec 2024 @ 19:32 -> USD220.74 (
from Reddit.com, Buy Signal Monero USD - 15 Dec 2024 @ 19:32 -> USD220.74)
Ticker: XMRUSDExchange: CRYPTOTime: 15 Dec 2024 @ 19:32Price: USD220.74Link: https://ift.tt/ndrRU3Y
full image - Repost: Ancap chad (
from Reddit.com, Ancap chad)
https://ift.tt/Nbr2qZi
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