Because FireIce is broke and desperate to bring people into their scamcoin lol. Tried to raise the dev tax on said scamcoin recently and failed

Hi

hi

What kind of person steals from own community?np.reddit.com/r/Monero/comments/6d5yt5/_ Your own leadership is laughing at how stupid you are for falling for thier 'Magical Crypto Friendship'.

jess: You are needed right now to save fluffypony's honour ^^

Not a fan of promoting this via the official Monero channel FWIW: twitter.com/sethisimmons/status/1346816549475250176?s=20

sethsimmons: everything is important, thanks for making notice of this.

official Monero account retweeting this kinda implies a stamp of approval

yeah, kind of a bad rap to be endorsing wrapped monono tbh, and more so from the official^tm account.

Yeah, not a fan.

At least BTSE updated the article with my suggestions, but not sure that is a good thing to promote overll.

dEBRUYNE: sgp_ ?

They also have complete blacklist functionality in the wXMR contract

Can we please undo that retweet? Or at least have a discussion whoever RTd it?

I didn't RT

I can undo for now

Okay, undone

dEBRUYNE and I discussed it, and I didn't see the problem with retweeting it - it's an exchange that accepts Monero that's dishing out IOUs

I think it's dumb

but it will bring liquidity

it would be crazy to ignore stuff like wBTC-backed loans on Aave

the BTC community tried to pretend wBTC didn't exist, and that didn't play out particularly well either

I think their blog post just left a bad taste in my mouth

sgp_: sethsimmons and I reached out to them to complain about that

Then in Telegram they kinda doubled down against Seth

but I think we're getting close to a "no true Scotsman" situation

we can't tell people how they should or shouldn't use Monero

fwiw I at least mostly agree, I'm not against someone offering a wrapped version

we can list best practices

Maybe tell BTSE an RT when they revise the post? Did they already?

Im fine with not officially denouncing it

no clue, about to go live on a podcast

Okay

will check in after

But RTing is an active endorsement

<sgp_ "Maybe tell BTSE an RT when they "> They revised and reached out to me

I think you're putting a little too much pressure seth

But I cant see the update

sethsimmons: we RT exchanges adding Monero all the time, doesn't mean we endorse them

This isnt Monero

it is

they accept Monero

the fact that they issue an iOS is tangential

IOU

lol

stupid autocorrect

<sgp_ "I think you're putting a little "> I may be a bit fired up 😕

let's see what their new blog post looks like

Haha yeah it's not XMR but to think there's no relevance is too far imo

Im not saying there is no relevance

But I have no idea how we can recommend this

It removes every positive aspect of Monero when used

Think about it as like using Bisq

sethsimmons: it lets people play with DeFi whilst holding XMR as an underlying asset

When trading Bisq all details are public since it's on BTC base

You're right there's no real privacy

They (BTSE) should be VERY clear about that

No

Bisq is non-custodial

Sorry was just talking about the privacy perspective

And the XMR TX is not linked on-chain

Whihc I guess this one isnt either

But this is fully custodial, centralized, and the wrapped token carries none of the properties of Monero

I'm fine with not publicly denouncing it through official channels.

But I cannot get behind endorsing/sharing it

I encourage you to continue sharing the risks clearly

There definitely are risks

And there will be a bunch of people who offer their own wXMR

I think the comparison to an exchange is apt. What do we do when exchanges list, I assume we mention it unless we have specific cause to believe the exchange is shady. I'm not familiar with what kind of reputation BTSE has though

Ig the main difference is exchanges have private ledgers and this is public. but as long as that's clear, Idk

well, now I'm thinking about it, and we do generally recommend to people that they don't keep coins on exchange. wrapping eth is sort of like keeping your coins on a public exchange

wrapping xmr*

Their proposed new wording is so dumb lol

"Additionally, Monero is a cryptocurrency with historically strong privacy features which sometimes is a disadvantage. When a user obtains Wrapped Monero, it allows them to provide transparency necessary in a world where KYC/AML is increasingly required because wrapped Monero has the same transparency as other ERC-20 tokens in the Ethereum blockchain."

Like, they support XMR also as-is and are supposedly compliant lol

yeah its a dumb opinion piece now

But at least its not blatantly false and misleading

<sethsimmons "But at least its not blatantly f"> It is misleading, extremely. Not false technically, but borderline to being false. It is written to give the impression that Monero has no view keys.

Yeah it's stupid

<Mumuks[m] "It is misleading, extremely. Not"> Agreed! It’s still terribly written and I’m totally against RTing it, but I see it’s been shared again.

Oh well, I’ve said my piece and done what I can.

“I thought, ‘I’m going to pump it and dump it,’ because I was interested and taking the ideas and implementing them in bitcoin. The bitcoin code base was far more interesting to me than monero, and I thought, ‘I’m not going to work on this codebase, it’s terrible,'” he recalls - fluffypony in interview about Monero

jess: You need to save fluffypony's honour urgently ^^

there used to be a show back in the ancient times, the dead end kids