-
TrasherDK1
I'm looking forward to that Ultranet thing to hit r/Monero
-
thespiritmolekul
whats that
-
hyc
"Look, our technology is beautiful and sound. You'd truly appreciate it if you woudln't get hung up on our misuse of a fundamental term of art"
-
TrasherDK1
So, finally there's a use for all those al qaeda bitcoin's out there.
-
Infinity8
Some fuckers keep mining on my node. I must be doing something wrong
-
Infinity8
In my monerod.conf I have: rpc-bind-ip=192.168.1.5 and confirm-external-bind=1 and somehow that's allowing people to access my node VIA RPC
-
Infinity8
-
Infinity8
Shouldn't RPC access only be permitted on my LAN with my settings?
-
epic
is there a list of public tor p2p nodes somewhere?
-
selsta
Infinity8: I think depends on your firewall
-
d4ndo[m]
-
selsta
or port forwarding, not sure
-
selsta
I would run in restricted mode.
-
Infinity8
selsta: My port 18080-18081 is open
-
Infinity8
Would that be why?
-
selsta
restrict 18081
-
d4ndo[m]
18081 is the rpc port
-
d4ndo[m]
but then he can't use rpc himself.
-
Infinity8
I'm only accessing it through LAN
-
d4ndo[m]
Is monerod running on a linux machine?
-
Infinity8
yes
-
Infinity8
Okay. I have this option in my router. Internal and external starting port
-
d4ndo[m]
So you can access it via ssh
-
selsta
d4ndo[m]: why? not port forwarding 18081 shouldn’t matter for LAN
-
Infinity8
Either way. My node is mining for some reason and doesn't stop mining when I move my mouse
-
Infinity8
It's so laggy
-
Infinity8
so it doesn't seem like smart mining
-
Infinity8
Even my sync time from monero-wallet-cli seems to slow down in my experience
-
Infinity8
selsta: 18080-18081 is open on my router not my firewall
-
Infinity8
Yeah so when I leave out the RPC bind I can't set the node as my daemon in monero-wallet-cli
-
d4ndo[m]
selsta: ok - So block 18081 on FORWARD chain? Couldn't tell you.
-
Infinity8
Okay well 18081 is closed now
-
d4ndo[m]
Why not run monerod on default settings and just run "ssh -nNT -L 18081:localhost:18081 user⊙111" on the client side.
-
d4ndo[m]
this creates an ssh tunnel of 18081.
-
d4ndo[m]
so you can run monero-wallet-cli with default settings.
-
Infinity8
Does it speed up syncing
-
Infinity8
Seems like the same speed as using set_daemon
-
Infinity8
typing*
-
Infinity8
I guess it saves me the time of figuring out a config file for monero-wallet-cli
-
Infinity8
Is mining disabled by default in monerod?
-
d4ndo[m]
no
-
Infinity8
What do I enter in my config file? bg-mining-enable=0?
-
d4ndo[m]
I couldn't tell you. My guess it runs the mining on a different process id. So it makes no difference 0 or 1
-
d4ndo[m]
Anyone?
-
Infinity8
d4ndo[m]: I'm just getting ssh: connect to host 192.168.1.5 port 22: Connection refused
-
Infinity8
The firewall is definitely open on the machine. Should I open it on the router as well?
-
Infinity8
I'm probably not running an ssh server on my machine?
-
d4ndo[m]
Does this work ? --> "ssh user⊙111"
-
d4ndo[m]
probably
-
d4ndo[m]
On debian/ubuntu apt-get install openssh-server
-
Infinity8
Okay, it works now
-
Infinity8
SSH server wasn't even installed
-
Infinity8
which is pretty normal for a desktop version i guess
-
d4ndo[m]
On the client call "ssh-keygen" and "ssh-copy-id user⊙111" So you don't need to enter the password everytime.
-
d4ndo[m]
Then create a system/init script to start sshtunnel on boot
-
Infinity8
What password am I supposed to enter? The password for the user on server side?
-
d4ndo[m]
none
-
Infinity8
Permission denied
-
d4ndo[m]
Oh when starting the tunnel.
-
d4ndo[m]
user on the server side
-
d4ndo[m]
Then start a new terminal and try ./monero-wallet-cli
-
Infinity8
okay, i'm screwing something up
-
Infinity8
do I replace user⊙111 with the user account or do i literally write USER
-
d4ndo[m]
you replace it
-
Infinity8
Okay, I did that right. It still says permission denied
-
Infinity8
Clearly it doesn't want the root password when I'm SSHing
-
d4ndo[m]
are you running monerod as root?
-
Infinity8
No. I'm running it as a user
-
Infinity8
I just reset my password with "sudo passwd user" and I'm trying to SSH again with the new password
-
d4ndo[m]
ok
-
Infinity8
client side seems to be hanging now with the new password when trying to access SSH
-
d4ndo[m]
It is not hanging.
-
Infinity8
here's what I got x6: channel 2: open failed: connect failed: Connection refused
-
Infinity8
So clearly my password is correct now I guess
-
d4ndo[m]
so this should work "ssh user⊙111" enter password and have access to bash
-
Infinity8
Maybe I should open my port 22 on client side firewall as well?
-
d4ndo[m]
no
-
Infinity8
Yup it works
-
d4ndo[m]
depends if you have closed OUTPUT chain then yes.
-
Infinity8
now i'm in
-
d4ndo[m]
ok
-
d4ndo[m]
perfect
-
Infinity8
but i'm guessing this isn't a tunnel
-
d4ndo[m]
no.
-
Infinity8
so i did need to enter the user's password
-
Infinity8
which i forgot because I never need it
-
d4ndo[m]
now start the tunnel from you client
-
d4ndo[m]
XD
-
d4ndo[m]
ssh is default on my system
-
Infinity8
ok what's the command for that
-
d4ndo[m]
ssh -nNT -L 18081:localhost:18081 user⊙111
-
d4ndo[m]
You need to start this on your PC where you run monero-wallet--cli
-
d4ndo[m]
on the client side not server side.
-
Infinity8
Yeah, that's what I was doing
-
Infinity8
I just literally opened an ssh through ssh
-
Infinity8
Was wondering why it was asking me about fingerprint again
-
d4ndo[m]
^^
-
Infinity8
channel 2: open failed: connect failed: Connection refused
-
Infinity8
Client side of course...
-
d4ndo[m]
strange
-
Infinity8
Are openssh-server's default settings allowing SSH tunneling?
-
Infinity8
Because I didn't do any configuration what so ever
-
d4ndo[m]
Any other monerd running ?
-
d4ndo[m]
on client
-
Infinity8
No just monero-wallet-cli
-
d4ndo[m]
netstat -tulpn | grep 18081
-
Infinity8
tcp 0 0 127.0.0.1:18081 0.0.0.0:* LISTEN 23526/ssh
-
Infinity8
tcp6 0 0 ::1:18081 :::* LISTEN 23526/ssh
-
Infinity8
18081 is red
-
d4ndo[m]
tcp 0 0 127.0.0.1:18081 0.0.0.0:* LISTEN 23526/ssh
-
d4ndo[m]
So ssh tunnel is running already
-
d4ndo[m]
now try to start monero-wallet-cli
-
Infinity8
Error: wallet failed to connect to daemon:
localhost:18081.
-
d4ndo[m]
maybe kill the ssh process and restart it without going to background
-
Infinity8
client side?
-
d4ndo[m]
yes
-
d4ndo[m]
And then just ssh -N -L 18081:localhost:18081 user⊙111
-
d4ndo[m]
-N without -Tn command line options. So it does stick to the the terminals stdout.
-
Infinity8
channel 2: open failed: connect failed: Connection refused
-
d4ndo[m]
netstat -tulpn | grep 18081
-
Infinity8
same output as before
-
Infinity8
well a little different: tcp 0 0 127.0.0.1:18081 0.0.0.0:* LISTEN 23633/ss
-
Infinity8
23633/ssh instead
-
d4ndo[m]
Are you familiar with htop?
-
Infinity8
no
-
d4ndo[m]
ps -A | grep ssh
-
Infinity8
2 processes of ssh and ssh-agent running
-
d4ndo[m]
then kill the ssh
-
d4ndo[m]
kill -9 pid
-
d4ndo[m]
netstat -tulpn | grep 18081 shouldnt show any process then
-
d4ndo[m]
pid is the number infornt of ssh shown by ps -A
-
Infinity8
including ssh-agent
-
Infinity8
or just ssh?
-
d4ndo[m]
just ssh
-
Infinity8
yup they're dead
-
Infinity8
sudo service ssh restart?
-
d4ndo[m]
can't hurt
-
d4ndo[m]
What about netstat -tulpn | grep 18081?
-
Infinity8
Nothing
-
d4ndo[m]
good.
-
Infinity8
So clearly nothing is using that port
-
d4ndo[m]
ssh -N -L 18081:localhost:18081 user⊙111
-
d4ndo[m]
so it wont run in background now
-
Infinity8
channel 2: open failed: connect failed: Connection refused
-
Infinity8
I think it might be an issue with server maybe?
-
Infinity8
if the connection is refused?
-
d4ndo[m]
try 127.0.01
-
Infinity8
ssh -N -L 18081:127.0.0.1:18081 nodlr⊙111
-
Infinity8
that's what i did
-
d4ndo[m]
ssh -N -L 18081:127.0.0.1:18081 user⊙111
-
Infinity8
well my user is there but whatever
-
d4ndo[m]
sorry. i couldn't help
-
Infinity8
Okay, so once I get passed this connection refused shit I should be able to just launch monero-wallet-cli and sync up
-
d4ndo[m]
Yes.
-
Infinity8
ok well onto ssh-keygen
-
Infinity8
ssh-rsa KEY clientuser@clientmachinename
-
Infinity8
I'm guessing KEY is my key?
-
d4ndo[m]
Yes. It creates a public and private key in .ssh
-
d4ndo[m]
ssh-copy-id user⊙111
-
d4ndo[m]
copies public key to the romte host.
-
d4ndo[m]
ssh user⊙111 should not require a password anymore.
-
Infinity8
Okay I think I might know my
-
Infinity8
why*
-
Infinity8
rpc-bind-ip is set to 192.168.1.5 not 127.0.0.1
-
d4ndo[m]
yes - needs to be 127.0.0.1.
-
Infinity8
Okay, I'm getting something
-
Infinity8
curl
localhost:18081 doesn't spit out connection refused anymore
-
Infinity8
Okay it works :D
-
Infinity8
but I still need to enter a password for some reason
-
d4ndo[m]
ah. nice
-
Infinity8
So it was a problem with the server
-
Infinity8
my guess was correct
-
d4ndo[m]
great.
-
Infinity8
so that means I can't use set_daemon anymore?
-
Infinity8
what if I'm on the road and want to use my specific node?
-
Infinity8
with a web wallet for example
-
Infinity8
-
Infinity8
when diagnosing the problem
-
d4ndo[m]
legit. good guide
-
Infinity8
It's still asking for my password and won't let me proceed without one
-
Infinity8
Despite adding my public key
-
d4ndo[m]
-
d4ndo[m]
It is common stuff.
-
d4ndo[m]
ssh is pretty cool.
-
Infinity8
Okay, figured it out.
-
Infinity8
The entire file was the key
-
Infinity8
not just the center key looking part
-
Infinity8
Okay so now I'm in without a password...
-
d4ndo[m]
Thumbs up.
-
Infinity8
Yeah so back to the question
-
Infinity8
Let's say I'm out and about and don't have SSH access because it's only permitted on LAN
-
Infinity8
How would I use my node to sync when I'm using a mobile wallet/laptop on an external network
-
d4ndo[m]
It's quite unusual for port 22 to be closed.
-
d4ndo[m]
You could use a public node to sync
-
d4ndo[m]
there are tools to create an ssh tunnel on android phones.
-
asymptotically
wireguard works well too
-
d4ndo[m]
in combination with Monerujo
-
d4ndo[m]
A vpn
-
Infinity8
d4ndo[m]: I've got a super simple password right now and I just exposed my user so I'm keeping it closed at the moment
-
d4ndo[m]
You could aslo harden ssh see your link above. remove the shell etc. way more secure than an open rpc port.
-
Infinity8
d4ndo[m]: cool beans. thanks a lot for the help. makes it worth while running a node after constantly being attacked
-
azy
-
SmokeyTeh
Hi, Trying to copy any of the files in the Window CLI v0.15.0.5 wallet, I'm getting some Windows "Unexpected Error 0x800700E1: Operation did not complete successfully because the file contains a virus or potentially unwanted software."
-
Quotes
fuck windows, use linux!
-
azy
sounds like an antivirus error
-
SmokeyTeh
yeah i'm assuming false positive...it's just not removing the files automatically i guess i need to exempt them
-
SmokeyTeh
err, it is* removing the files
-
SmokeyTeh
also the first time i've seen it (after upgrading from 0.15.0.1) so i just wondering why now
-
azy
did you verify the signatures
-
azy
You are strongly advised to verify the hashes of the archive you downloaded. This will confirm that the files you downloaded perfectly match the files uploaded by the Monero development workgroup. Please don't underestimate this step, a corrupted archive could result in lost funds. Always verify your downloads!
-
SmokeyTeh
i did verify the sha256..didn't go through the trouble of installing pgp...so it's as secure as it could be
-
SmokeyTeh
ty
-
d4ndo[m]
Is there any checksum software for windows that supports gpg keys?
-
Luuubb
gpgwin?
-
Luuubb
*gpg4win
-
Luuubb
or even gnupg itself
-
d4ndo[m]
But gpgwin does not check your files for sha256, does it?
-
TrasherDK
I thing Git for Windows got all you need. That's what I'm using..
-
TrasherDK
s/ting/tink
-
TrasherDK
I give up..
-
d4ndo[m]
XD
-
d4ndo[m]
Git works pretty good for source code i guess. What about the binaries downloaded from getmonero.org?
-
selsta
on Linux / macOS you can verify everything in 1 command
-
selsta
`curl
web.getmonero.org/downloads/hashes.txt -s | gpg --verify | shasum -c --ignore-missing`
-
selsta
not sure if that also works with git for windows
-
selsta
d4ndo[m]: git ships with a with a few tools
-
d4ndo[m]
ok
-
TrasherDK
gpg and sha* is in there too.
-
d4ndo[m]
The unix philosophy is the reason why windows will always lose out.
-
TrasherDK
sha1sum.exe, sha256sum.exe, sha512sum.exe, sha224sum.exe, sha384sum.exe
-
Luuubb
if you have a recent windows you can use Get-FileHash for sha256
-
d4ndo[m]
bloatware slows down windows development to a point they can't handle the overhead.
-
d4ndo[m]
lub: is that the official sha256 tool from microsoft?
-
TrasherDK
$ curl
web.getmonero.org/downloads/hashes.txt -s | gpg --verify | shasum -c --ignore-missing
-
TrasherDK
Unknown option: ignore-missing
-
TrasherDK
Type shasum -h for help
-
TrasherDK
gpg: Signature made Thu Mar 19 04:51:04 2020 SEAST
-
TrasherDK
gpg: using RSA key 81AC591FE9C4B65C5806AFC3F0AF4D462A0BDF92
-
TrasherDK
gpg: Can't check signature: No public key
-
selsta
TrasherDK: did you add binaryFate’s public key?
-
d4ndo[m]
binaryfate signed the last release.
-
azy
-
azy
-
Luuubb
d4ndo: I don't know what you mean with official sha256 tool, but it's built-in starting with powershell 4.0 and using the .net methods
-
d4ndo[m]
lub: Ok- so it is official then.
-
TrasherDK
selsta: No. Just ran the command in a git bash shell, to show it can be done on windows.
-
d4ndo[m]
Does Windows10 support bash now? I heard some news a while ago, but i did not verify it.
-
selsta
looks like windows has a different version of shasum if it doesn’t understand --ignore-missing
-
TrasherDK
$ bash --version
-
TrasherDK
GNU bash, version 4.4.23(1)-release (x86_64-pc-msys)
-
TrasherDK
Copyright (C) 2016 Free Software Foundation, Inc.
-
Luuubb
it has WSL (and most recently WSL v2), where you have a complete linux userspace and in v2 I think also a linux kernel
-
Luuubb
you can install ubuntu, debian etc. from the microsoft store and use bash that way
-
TrasherDK
Way to go. Install Linux to verify your windows binaries :D
-
d4ndo[m]
cool
-
selsta
hmm the command I posted above does not work anymore :(
-
TrasherDK
Even better. Upgrade to Windows 10, to get WSL, and then install Linux to verify your windows binaries :P
-
selsta
`curl
web.getmonero.org/downloads/hashes.txt -s | gpg | shasum -c --ignore-missing`
-
selsta
that was the correct one :D
-
TrasherDK
I don't remember the commands I used to verify the GUI, but I did it in Git bash shell. The CLI I build on Linux so not verifying those.
-
selsta
yep shasum and gpg is all that is required
-
d4ndo[m]
!verify
-
qoopbot
d4ndo[m]: gpg --verify hashes.txt && sha256sum -c hashes.txt
-
torrit
Hey guys so I'm hitting this issue when I run the monero wallet rpc. Here is the command I'm using ./monero-wallet-rpc --testnet --rpc-bind-ip <vm_ip> --rpc-bind-port 28083 --disable-rpc-login --wallet-dir path/to/wallet/dir --confirm-external-bind and here is how I run the daemon ./monerod --testnet --rpc-bind-ip <vm_ip> --confirm-external-bind so
-
torrit
I'm running my rpc and daemon on one vm and I have my application code on another, the problem is the rpc process will start but when I run a command (my application executes an rpc command) It will load the wallet but then I'll get an error stating it couldn't find an mms file called <wallet_name>.mms and it will error out and lose it's connection
-
torrit
to the daemon. Have you guys even seen this error
-
moneromooo
You can ignore that message. Any other error ?
-
torrit
I think I figured it out. I ran the monero daemon without the --rpc-bind-ip and it didn't give me the "no connection to daemon" error
-
torrit
yup, that worked for some reason
-
gordon_fr33man[m
Hey fam. I'm completely new to monero. Can you suggest any good resources for getting started?
-
moneromooo
Look at getmonero.org and follow links maybe.
-
jwinterm
gordon_fr33man[m, do you want to setup a full node, or just run wallet on phone?
-
netrik182[m]
-
gordon_fr33man[m
netrik182: Thanks!
-
gordon_fr33man[m
jwinterm: I guess eventually full node. Still very new to crypto in general.
-
jwinterm
for phones there is monerujo for android, or cake wallet for ios or android
-
gordon_fr33man[m
moneromooo: Many thanks
-
jwinterm
I like monerujo, but cake is apparently very good as well
-
gordon_fr33man[m
I'll check them both out. Can I store any altcoin on a hardware wallet?
-
jwinterm
not any, but many
-
jwinterm
I think monerujo actually works with ledger nano s
-
jwinterm
not sure about cake
-
gordon_fr33man[m
Oh good thats what I have!
-
Jackman1
hi
-
Jackman1
is there other use cases for monero other than acting as a currency?
-
wizardsmoke
Yeah
-
yanmaani
No
-
moneromooo
Mooo.
-
needbrrrrrrr90
It makes a nice paperweight
-
needbrrrrrrr90
You can also make a delicious holiday dish out of it (the specific holiday is left as an exercise to the reader)
-
Jackman1
is there other use cases for monero other than acting as a currency?
-
Jackman1
not at all?
-
moneromooo
If you shoehorn, sure. But it's shoehorning.
-
Jackman2
hey
-
Jackman2
seriously, there is not one single use case other than using monero as an extremely unstable currency?
-
moneromooo
Unstable ?
-
moneromooo
Oh you mean exchange rate, right ?
-
moneromooo
I don't think it'd be particularly well adapted to other things, though as I said you could shoehorn things in.
-
[-mugatu-]
Jackman2: unstable? it basically hasn't moved in days
-
moneromooo
You could do voting, encrypted chat, but meh.
-
Jackman2
yes the exchange rate is unstable
-
Jackman2
extremely unstable
-
moneromooo
Did you have any particular use in mind for that question ?
-
Jackman2
well
-
wizardsmoke
Monero is a digital collectible like Pokemon cards
-
Jackman2
I've to much faith about the usability of crypto tokens as currencies
-
Jackman2
due to their unstable exchange rates
-
Jackman2
however I like anonymity
-
Jackman2
so I was wondering what could monero be used for more than buying drugs
-
Jackman2
as 99.9% of mainstream companies would judge infinitely unacceptable to take such a great rate risk by using monero
-
selsta
is privacy only for criminals?
-
moneromooo
You could use it to... sell drugs ?
-
» moneromooo runs
-
Jackman2
yes I know that
-
[-mugatu-]
use it to get rich. Buy low, sell high
-
Jackman2
privacy coin wit extremely unstable exchange rate, yes is only for criminals
-
Jackman2
not going to debate the obvious
-
selsta
So Bitcoin is stable in your opinion?
-
Jackman2
no
-
moneromooo
Anyway, I assume drug users are not super wealthy, so so if they can take the exchange rate dice roll, so can buyers of anything else. I'm not sure that's the most salient argument against cryptocurrencies. It's more like... why would I use it since I can use paypal and I don't care about privacy (or being scammed).
-
Jackman2
I'm not going to debate such an obvious fact that no mentally sane company would accept crazy unstable currencies.
-
UkoeHB_
Won't necessarily always be the case
-
Jackman2
so either monero have more use cases than being a currency, or it's nothing more than a crime currency
-
UkoeHB_
but 'Monero' literally means 'money' so idk what you expect
-
selsta
monero, made for criminals by criminals
-
[-mugatu-]
^
-
moneromooo
Only because people have that attitude, sadly. It's self perpetuating.
-
Jackman2
I'm was hoping that there would be more things pushing the prices than demand for drugs and speculation
-
moneromooo
Part of me really hopes there's a huge privacy rape in the near future so I can feel schadenfreude at all those people whose inaction causes me so much grief trying to keep mine.
-
selsta
What did cryptocurrencies achieve apart from being digital currencies?
-
moneromooo
But it's not nice, so the other part of me hopes not ^_^
-
selsta
I’m not aware of anything else.
-
UkoeHB_
thankfully Monero is highly private and fungible, so whether or not criminals use it will not affect you :) just like all 'illegal' cash transactions have no bearing on my cash usage
-
Jackman2
they didn't achieve being currencies
-
[-mugatu-]
Jackman2: can you please tell us why RYO is the best crypto currency
-
Jackman2
idk ryo
-
selsta
Guess then they achieved nothing :P
-
Febo
Monero is used for anything and by anyone just like any money.
-
Jackman2
no
-
Jackman2
for drugs by dealers and for speculation
-
UkoeHB_
you seem to know a lot about how Monero is used
-
Jackman2
learn to see the reality please
-
Febo
It is permisionless. There is no one that can say no for you to use it.
-
Jackman2
obvious in front of your eyes
-
Febo
Most drugs are sold for USD
-
Jackman2
idc
-
-
yanmaani
Jackman2: Do you know about hedging?
-
Jackman2
yes
-
yanmaani
So how come they can't hedge?
-
moneromooo
Those cute little animals with lots of spikes ?
-
yanmaani
I mean there are other issues to accepting payments in XMR, but volatility is not one of them.
-
Jackman2
because there is no put options available on monero
-
yanmaani
There are futures
-
Jackman2
and because most companies are not trading companies
-
yanmaani
hedging with put options is completely retarded
-
Jackman2
and because most companies don't hedge
-
yanmaani
Because they accept currencies like JPY, EUR, USD, where such isn't a problem
-
Jackman2
and because hedging a possible 2% drop in some fiat currency is different than trying to hedge against 50% moves of monero
-
yanmaani
Is it?
-
Jackman2
yes
-
yanmaani
Trading futures on USD/JPY is heavily regulated
-
yanmaani
and needs to you to be a bank
-
Jackman2
idc
-
yanmaani
any schmuck can trade XMR/USD futures
-
Jackman2
disgusting
-
[-mugatu-]
lol
-
yanmaani
would be trivial to code a payment processor that did it for you
-
UkoeHB_
^.^
-
Jackman2
oh yeah bot hedge trading awesome
-
Jackman2
your lucidity is being fogged by your hopes, dreams, and ignorance
-
yanmaani
the algorithm is simple: quote a price in USD. When hitting 'pay' button, convert to XMR. When payment is in mempool, sell that notional worth of XMRUSD futures.
-
UkoeHB_
did you just come here to troll or ?
-
yanmaani
you seem to be awfully angry Jackman2
-
yanmaani
Is there anything on your mind weighing you down?
-
Jackman2
yes you
-
UkoeHB_
I am curious as well
-
moneromooo
Nice. #hedgehog actually exists.
-
yanmaani
(the vol in the X hrs until then isn't so bad - if we say they have 2hrs to pay that gives appx. 1 sigma = sqrt(2/(24*365))*annualized vol;
-
selsta
Is it a channel that talks about hedgehogs or some software? lol
-
yanmaani
with annualized vol of 80%, that's 1.2%
-
moneromooo
I dunno. I left after saying hi.
-
yanmaani
even if you get perfect adverse selection, that's a lower fee than most card processors
-
yanmaani
and this disregards the bit where you presumably sell some sort of merchandise
-
yanmaani
if you manage to offer people a 1.2% discount and that makes them buy it whereas they previously wouldn't have bought it, that's objectively good business
-
yanmaani
and that ignores the bit where there is no way in hell that your customers will watch your checkout page and try to use it for trading)
-
Jackman2
why would anyone do that
-
Jackman2
and how is that anonymous
-
Jackman2
"the algorithm is simple: quote a price in USD. When hitting 'pay' button, convert to XMR. When payment is in mempool, sell that notional worth of XMRUSD futures."
-
moneromooo
That's the sad thing about people who complain about drug money. It's not like it makes the money worse. Might as well try not to breathe air criminals breathed before. Self perpetuating idiocy tbh.
-
yanmaani
Why would anyone do what?
-
moneromooo
But hey. It'll ptobably fail, but at least we'll have tried.
-
Jackman2
how is that anonymous, even
-
yanmaani
Why would a merchant hedge their income? To reduce risk
-
» moneromooo continues trying ^_^
-
yanmaani
How is it anonymous? The client is still anonymous, the merchant can be, depending on where he sells his futures
-
yanmaani
For example, XMRXBT futures are readily traded on Eastern 'fuck compliance' exchanges
-
yanmaani
and XBTUSD hedging is trivial
-
Jackman2
let says you want to buy 50k$ worth of merchandise
-
yanmaani
yeah
-
Jackman2
you are a big enterprise
-
UkoeHB_
drug markets increase the array of goods priced in and reduce overall fluctuations in purchasing power, a win for me!
-
Jackman2
you regularly do that
-
Jackman2
you need stability and certainty
-
yanmaani
Wait, the enterprise is selling or buying?
-
yanmaani
Or both customers are enterprises?
-
Jackman2
is buying
-
Jackman2
so you need to buy 50k$ worth of monero
-
Jackman2
and you wanna keep it anonymous for some reason
-
yanmaani
yeah then you just buy the monero and send it instantly
-
yanmaani
that's not even hard
-
Jackman2
how do you do
-
yanmaani
what
-
yanmaani
well you say, "hey, I'd like to buy $50k of monero"
-
yanmaani
and someone quotes you a price
-
yanmaani
and you trade
-
yanmaani
and you pay
-
Jackman2
where
-
yanmaani
what, that's not even hard
-
yanmaani
OTC desks, IRC, KYC'd exchanges
-
yanmaani
don't matter
-
Jackman2
explain the process of buying the monero with great details
-
[-mugatu-]
lmao
-
yanmaani
1) go to any exchange
-
yanmaani
2) click the 'buy' button
-
yanmaani
3) done
-
Jackman2
and how is it "stable, secure, anonymous" and fast because crypto is mean to be fast
-
yanmaani
You're anonymous to the seller, since Monero is anonymous
-
UkoeHB_
crypto is mean but idk about fast
-
yanmaani
it's reasonably fast, since the transaction time is still just 2m or whatever
-
Jackman2
I hope the seller has some shipping address for this 50k$ merchandise
-
yanmaani
anyway, aren't you moving the goalposts?
-
yanmaani
We were talking about buying stuff from a seller, where the seller is hedging
-
needbrrrrrrr90
And he will continue to do so until you stop talking in exasperation, claiming victory over the Monero idiots :D
-
yanmaani
because he isn't interested in Monero exchange rate risk
-
Jackman2
I click the buy button, I get the message "not enough funds"
-
needbrrrrrrr90
Despite being a nutter lol
-
Jackman2
then what do I do
-
[-mugatu-]
needbrrrrrrr90: :D
-
yanmaani
well, you transfer in money to the exchange. Have you never used a bank before?
-
needbrrrrrrr90
Tfw someone compares the stability of Monero to the largest currency on the planet and not the currency of normal nations
-
[-mugatu-]
pls don't stop. This is entertaining
-
needbrrrrrrr90
Tfw someone thinks that it can't grow
-
Jackman2
how long does it takes, is it anonymous, is the exchange stable, trustworthy and regulation-free
-
needbrrrrrrr90
Tfw the dollar is used in most global drug trade
-
Jackman2
needbrrrrrrr90: because eurodollars
-
needbrrrrrrr90
Do you use dollars? Wtf?
-
needbrrrrrrr90
You're supporting criminals jsrk
-
needbrrrrrrr90
Jerk
-
yanmaani
depends on your bank. Most civilized countries have instant bank transfers. You're anonymous to the seller. The exchange rate is irrelevant.
-
yanmaani
by the law of one price, it will be trustworthy and unregulated
-
Jackman2
all europe SEPA transferts are 1 day delay, if not 2. 3 on weekends
-
needbrrrrrrr90
Monero is 20 minutes
-
needbrrrrrrr90
Wins that one ez
-
[-mugatu-]
RYO is anonymous, stable, trustworthy, regulation free, and has unlimited liquidity. It also provides anonymous shipping addresses
-
Jackman2
20 minutes is enough for monero to drop 2%
-
Jackman2
why would anyone doing serious biz accept that
-
needbrrrrrrr90
National currencies drop that much too lol
-
needbrrrrrrr90
Also you can hedge my guy
-
needbrrrrrrr90
Shorting exists
-
needbrrrrrrr90
Ezpz learn to finance
-
ndorf
DTFT
-
needbrrrrrrr90
A lack of knowledge on your part doesn't imply the currency doesn't work, have you done research into what shorting is?
-
Jackman2
and why do you ignore all the IRL process behind actually doing the transaction from A to Z, and only focus on the part that interrest you while ignoring the real hard facts that surround it
-
needbrrrrrrr90
I'll wait, don't worry
-
needbrrrrrrr90
Stop moving goalposts lol
-
needbrrrrrrr90
It's almost like you don't want an answer, you just want to shout uninformed opinions at us
-
needbrrrrrrr90
Which is like. Fine I guess. But why? You could easily just learn.
-
Jackman2
I try to make you lucid but you dumb fogged mind
-
needbrrrrrrr90
That's not very nice
-
Jackman2
but I'm a trader my job is to clearly understand what's going on behind people's dreams
-
UkoeHB_
"20 minutes is enough for monero to drop 2%" -> "20 minutes is enough for monero to drop 2% in terms of USD"; it's a big point, since if there is a large market with many prices, those prices are (overall) quite stable and react quite slowly to changes in other prices (such as the price in USD)
-
needbrrrrrrr90
I would appreciate it if you were more pleasant :)
-
yanmaani
Jackman2: no it isn't
-
needbrrrrrrr90
Clearly your mind is fogged if you think you're good at trading...
-
yanmaani
1 SD for 20 minutes is trivial to calculate
-
needbrrrrrrr90
You don't seem to understand the basics of hedging
-
yanmaani
I posted the formula above
-
yanmaani
1 sd = P*Ann vol*sqrt(T/365)
-
needbrrrrrrr90
Jack, can you explain what hedging is? In your own words
-
needbrrrrrrr90
Please don't copy paste
-
needbrrrrrrr90
I don't think youre operating with the right definitions :)
-
asymptotically
needbrrrrrrr90: grrr, he's a pro trader. don't patronise him!
-
needbrrrrrrr90
Let's clear this up from the start!
-
needbrrrrrrr90
Just keep asking him about hedging before moving on
-
needbrrrrrrr90
Don't let him change the subject
-
yanmaani
gonna bet you $100 Jackman1 has never set foot at a trading desk
-
needbrrrrrrr90
^^^^^
-
yanmaani
Jackman2, sorry
-
Jackman2
idc
-
Jackman2
I know what hedging is
-
needbrrrrrrr90
Trading 100x leverage on bitmex doesn't make you a professional
-
yanmaani
whatever happened to jackman1 btw? did you kill him?
-
needbrrrrrrr90
Clearly you don't jack
-
needbrrrrrrr90
Can you please explain?
-
needbrrrrrrr90
What is hedging, in your words
-
Jackman2
let's say you're a company in USA, someone is gonna send you 500k EUR next month
-
Jackman2
you fear meanwhile the EUR 💶 will devalue VS usd
-
[-mugatu-]
100x is for noobs. To binance.com/MyRefLinkInfoHere and trade at 125x like a chad.
-
Jackman2
you short it
-
[-mugatu-]
go to* even
-
needbrrrrrrr90
How is this different from Monero?
-
yanmaani
Jackman2: And which instrument do you use for this trade?
-
needbrrrrrrr90
You can easily short monero :)
-
asymptotically
yanmaani: a ukulele
-
needbrrrrrrr90
How can you claim to know what you're talking about with regards to hedging, yet not realize that hedging just requires the ability to short sell?
-
needbrrrrrrr90
It's like half your brain is gone
-
Jackman2
eur/usd doesn't move by 2% in 20 mins
-
needbrrrrrrr90
You got partway there and then just....mentally hit a wall
-
Jackman2
xmr can
-
yanmaani
to be gone implies that something at one point in time was there in the first place.
-
yanmaani
Jackman2: Which instrument do you use to put on this trade?
-
needbrrrrrrr90
Lmao it takes seconds to short dude
-
needbrrrrrrr90
You're revealing your ignorance on the subject
-
needbrrrrrrr90
'pro trader' lmao
-
needbrrrrrrr90
This guy
-
Jackman2
and you seem to not realize that there is actual steps to actually do to actually start the hedge and that it can takes more than 20mins
-
needbrrrrrrr90
Maybe for traditional finance!
-
needbrrrrrrr90
Not crypto, ez
-
yanmaani
hey Jackman2, how do you hedge your dollars?
-
jwinterm
this is #mofi
-
jwinterm
not #tradfi
-
Jackman2
yeah the guy call some clerk heyi ima buy 500k$ worth gimma monero quote then phone CEO who confirm to treasurer to hedge to come tommorow at office to turn on computer send money to futures exchanges and blind click short in 1 sec
-
needbrrrrrrr90
Thats a scale issue, its gotta go to the moon in price and it'll be stable
-
yanmaani
Dollars, not Monero. If you have 500k euros coming in, how do you hedge them?
-
Jackman2
short sell them
-
yanmaani
And with which instrument do you put on this trade?
-
Jackman2
futures
-
Jackman2
why
-
yanmaani
And why do you use futures, rather than put options?
-
Jackman2
because it's less risky if price turns against you
-
Jackman2
for a company
-
yanmaani
try again
-
Jackman2
no
-
Jackman2
what's your point
-
knaccc
put options lose you money if the price doesn't change and volatility drops
-
knaccc
so futures are the way
-
yanmaani
^
-
Jackman2
well that's true
-
[-mugatu-]
good save :3
-
needbrrrrrrr90
Arguing that a small entity cannot satisfy the demands of large scale without scaling up is common sense
-
knaccc
oops, just scrolled back, didn't mean to interfere with your grilling, yanmaani
-
needbrrrrrrr90
Arguing that Monero can't satisfy capacity now and therefore never will is silly
-
Mochi101
What's he grilling? Are we all invited?
-
needbrrrrrrr90
Just you wait, with scale comes stability
-
needbrrrrrrr90
This dude is a pro trader and we are doing an AMA
-
needbrrrrrrr90
He knows everything about trading ever
-
Mochi101
juuuuge knowledge about trading
-
Jackman1
so you whole argument to save cryptoCURRENCIES is some magic instant hedging?
-
knaccc
lol i've not been in this channel for a long time. has it become #monero-markets2?
-
yanmaani
Jackman1 / Jackman2: What do you trade?
-
knaccc
who things hedging will save crypto? i agree with that person
-
Jackman1
girls
-
UkoeHB_
save it? monero tx volume is rising ^.^
-
[-mugatu-]
knaccc: yes, as of 1.5 hours ago or so
-
[-mugatu-]
14:14:45 Jackman1 | girls
-
yanmaani
Jackman's age O/U 15.5 1.8 1.8
-
[-mugatu-]
0_o
-
[-mugatu-]
ping fbi
-
Quotes
pong
-
moneromooo
That's just ad hominem.
-
moneromooo
Both actually. Jesus.
-
yanmaani
nah mate I'm serious, quoting odds
-
[-mugatu-]
wait, what happened to moo?
-
Jackman1
I don't see the point of monero apart hiding money and buying drugs
-
UkoeHB_
thank god we are all entitled to our own opinion \o/
-
Jackman1
what do you see monero for UkoeHB_
-
yanmaani
buying non-drugs
-
yanmaani
I used it to rent a server a few weeks ago, and buy a domain
-
yanmaani
worked fine, low fees and good privacy
-
yanmaani
UX was OK but could be improved - much prefer Electrum to Monero-GUI, far simpler design
-
UkoeHB_
whatever people want, drugs or otherwise :) it's money after all, there is no specific use case
-
selsta
yanmaani: though Electrum to Monero-GUI comparison isn’t fair :P
-
selsta
Electrum is a light wallet, monero-gui is not
-
selsta
Electrum vs MyMonero would be a closer comparison
-
yanmaani
no, it is
-
yanmaani
It's just purely visual
-
yanmaani
Electrum looks like a normal desktop program
-
yanmaani
Monero-GUI looks like web stuff
-
selsta
both are Qt
-
yanmaani
Bitcoin Core looks pretty normal too, but Electrum is nicer.
-
yanmaani
yeah but Electrum looks native and has better performance
-
wizardsmoke
USAF
-
yanmaani
?
-
selsta
Yes, monero-gui is not trying to look native
-
selsta
else we would have used QtWidgets
-
selsta
instead of QML
-
wizardsmoke
What does that even mean, 'look native'?
-
[-mugatu-]
native to the os
-
[-mugatu-]
macos styled for osx
-
[-mugatu-]
windows forms for windows
-
[-mugatu-]
etc
-
wizardsmoke
gotcha
-
needbrrrrrrr90
yay UI styleguides
-
needbrrrrrrr90
-
needbrrrrrrr90
for example.
-
needbrrrrrrr90
its why apple stuff looks so apple-y
-
needbrrrrrrr90
and why linux looks like it was cobbled together by a bunch of friggin nerds
-
selsta
yanmaani: better performance in what way?
-
needbrrrrrrr90
except for unity. Unity looks like it was cobbled together by designers with no input from nerds.
-
[-mugatu-]
needbrrrrrrr90: hard to find a good nerdy designer
-
needbrrrrrrr90
Well yeah, apple hired them all
-
needbrrrrrrr90
And Adobe
-
yanmaani
selsta: uses less RAM, less latency upon button clicks
-
selsta
are you using Linux + VM?
-
selsta
there shouldn’t be any latency when you click something
-
yanmaani
using Linux on bare metal
-
yanmaani
it's slight but it's there
-
selsta
Electrum takes 10 seconds+ to start on my system, is that normal?
-
selsta
monero-gui uses 300MB RAM, Electrum 100MB, so yea can agree there
-
Jackman1
you're mean to receive 500k$ monero from anonymous buyer
-
Jackman1
you short sell?
-
Jackman1
lmal
-
Jackman1
how do you guarantee he pays if not doxxed
-
Jackman1
?
-
Jackman1
dangerous as hell
-
yanmaani
/filter Jackman1⊙192
-
Jackman1
at least dapps have some real use cases
-
selsta
lol
-
yanmaani
bloody hell why doesn't my filter work
-
yanmaani
damn you weechat
-
Jackman1
the word cryptocurrencies should be forever changed to cryptoapps
-
[-mugatu-]
yanmaani: use /ignore *!Jackman1@*
-
[-mugatu-]
;)
-
Jackman1
or cryptotoken
-
yanmaani
[-mugatu-]: nope, don't work either
-
yanmaani
weechat has different syntax
-
yanmaani
tiresome. why don't you go back to #bitcoin-pricetalk, where you can discuss 'number go up'?
-
yanmaani
still haven't heard what you were a trader of
-
[-mugatu-]
yanmaani: thats what I'm using and /ignore works for me
-
yanmaani
/ignore is a different animal
-
yanmaani
but that doesn't work either
-
yanmaani
ehh whatever
-
UkoeHB_
he said girls, so maybe monero isn't being used by human traffickers yet
-
UkoeHB_
which I am perfectly happy with lol
-
Jackman1
numbers go up is freedom goes up
-
UkoeHB_
why?
-
Jackman1
how does money give liberty?
-
wizardsmoke
because it allows you to pursue goods
-
Jackman1
good, services, time, experience (thus knowledge and intelligence)
-
Jackman1
beauty
-
Jackman1
spirituality
-
Jackman1
sez
-
Jackman1
sex
-
Jackman1
I'm a capitalist
-
wizardsmoke
actually the girls are running the botnets
-
asymptotically
pimping out computers is not cool!
-
UkoeHB_
the price in USD doesn't necessarily give more freedom, although it may imply it to some extent
-
yanmaani
how old are you Jackman1?
-
UkoeHB_
asl incoming
-
Jackman1
O/U 20 30
-
Jackman1
do I look cool geek speaking this way
-
wizardsmoke
🍆
-
[-mugatu-]
37/M/Kiev
-
asymptotically
)))
-
yanmaani
gonna guess either Indian or underage. Or both
-
Jackman1
does that make you horny
-
UkoeHB_
the mentalist is among us lol
-
UkoeHB_
although imo a capitalist with any ideological rigor would recognize fungible money is the only money worth thinking about, so Im a bit skeptical about your foundation
-
Jackman1
what's my foundation
-
Jackman1
what money is not fungible
-
UkoeHB_
most cryptos lol
-
Jackman1
most tainted coins are on binance
-
yanmaani
evidence?
-
UkoeHB_
so?
-
Jackman2
most tainted coins are on binance
-
Jackman2
all cryptos are fungible on binance
-
Quotes
CRYPTO IS NOT CRYPTOCURRENCY ಠ_ಠ ~ IT REFERS TO CRYPTOGRAPHY, Jackman2
-
Jackman2
and huobi
-
yanmaani
is Quotes a bot or just a genius?
-
UkoeHB_
genius bot?
-
UkoeHB_
to begin with, the problem of making a fungible digital currency isn't trivial; expecting there to be an ideal solution is unrealistic
-
UkoeHB_
Monero is already pretty amazing
-
Jackman2
can I get more than ad revenues with monero js mining
-
Jackman2
that's a great use case
-
UkoeHB_
seems unlikely
-
Jackman2
:(
-
UkoeHB_
could be wrong, you'd have to run the maths
-
selsta
monero is not mineable with js
-
wizardsmoke
Why not?
-
selsta
large RAM requirement and missing directed rounding support in javascript / webassembly
-
selsta
-
niocbrrrrrr
I'm not a criminal, how did I end up here?
-
yanmaani
Jackman2: why is your connection so poor?
-
yanmaani
why do you have 2 users
-
Jackman2
my connection seems fine to me
-
yanmaani
--man shortly before being disconnected
-
hyc
LOL
-
wizardsmoke
Am I live streaming right now?