03:41:19 I'm looking forward to that Ultranet thing to hit r/Monero 03:46:23 whats that 04:56:11 "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" 06:13:53 So, finally there's a use for all those al qaeda bitcoin's out there. 07:31:24 Some fuckers keep mining on my node. I must be doing something wrong 07:34:26 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 07:36:08 https://www.reddit.com/r/Monero/comments/7sc8jz/are_there_risk_running_a_remote_node_without/ 07:36:23 Shouldn't RPC access only be permitted on my LAN with my settings? 07:38:04 is there a list of public tor p2p nodes somewhere? 07:45:58 Infinity8: I think depends on your firewall 07:46:24 epic: https://moneroworld.com/ 07:46:24 or port forwarding, not sure 07:46:42 I would run in restricted mode. 07:48:07 selsta: My port 18080-18081 is open 07:48:10 Would that be why? 07:48:39 restrict 18081 07:48:48 18081 is the rpc port 07:49:06 but then he can't use rpc himself. 07:49:17 I'm only accessing it through LAN 07:49:36 Is monerod running on a linux machine? 07:50:25 yes 07:50:43 Okay. I have this option in my router. Internal and external starting port 07:50:46 So you can access it via ssh 07:51:08 d4ndo[m]: why? not port forwarding 18081 shouldn’t matter for LAN 07:51:32 Either way. My node is mining for some reason and doesn't stop mining when I move my mouse 07:51:33 It's so laggy 07:51:42 so it doesn't seem like smart mining 07:52:00 Even my sync time from monero-wallet-cli seems to slow down in my experience 07:52:32 selsta: 18080-18081 is open on my router not my firewall 07:53:30 Yeah so when I leave out the RPC bind I can't set the node as my daemon in monero-wallet-cli 07:55:05 selsta: ok - So block 18081 on FORWARD chain? Couldn't tell you. 07:56:25 Okay well 18081 is closed now 07:57:25 Why not run monerod on default settings and just run "ssh -nNT -L 18081:localhost:18081 user⊙111" on the client side. 07:58:16 this creates an ssh tunnel of 18081. 07:58:37 so you can run monero-wallet-cli with default settings. 07:59:21 Does it speed up syncing 07:59:27 Seems like the same speed as using set_daemon 07:59:31 typing* 08:00:04 I guess it saves me the time of figuring out a config file for monero-wallet-cli 08:00:49 Is mining disabled by default in monerod? 08:01:02 no 08:02:11 What do I enter in my config file? bg-mining-enable=0? 08:05:38 I couldn't tell you. My guess it runs the mining on a different process id. So it makes no difference 0 or 1 08:08:18 Anyone? 08:16:04 d4ndo[m]: I'm just getting ssh: connect to host 192.168.1.5 port 22: Connection refused 08:16:26 The firewall is definitely open on the machine. Should I open it on the router as well? 08:17:58 I'm probably not running an ssh server on my machine? 08:18:20 Does this work ? --> "ssh user⊙111" 08:18:37 probably 08:19:20 On debian/ubuntu apt-get install openssh-server 08:22:14 Okay, it works now 08:22:18 SSH server wasn't even installed 08:22:30 which is pretty normal for a desktop version i guess 08:22:33 On the client call "ssh-keygen" and "ssh-copy-id user⊙111" So you don't need to enter the password everytime. 08:23:37 Then create a system/init script to start sshtunnel on boot 08:24:45 What password am I supposed to enter? The password for the user on server side? 08:25:01 none 08:25:15 Permission denied 08:25:34 Oh when starting the tunnel. 08:25:41 user on the server side 08:26:33 Then start a new terminal and try ./monero-wallet-cli 08:26:53 okay, i'm screwing something up 08:27:07 do I replace user⊙111 with the user account or do i literally write USER 08:27:29 you replace it 08:28:44 Okay, I did that right. It still says permission denied 08:28:51 Clearly it doesn't want the root password when I'm SSHing 08:30:18 are you running monerod as root? 08:33:14 No. I'm running it as a user 08:33:37 I just reset my password with "sudo passwd user" and I'm trying to SSH again with the new password 08:34:08 ok 08:34:19 client side seems to be hanging now with the new password when trying to access SSH 08:34:56 It is not hanging. 08:35:16 here's what I got x6: channel 2: open failed: connect failed: Connection refused 08:35:29 So clearly my password is correct now I guess 08:36:09 so this should work "ssh user⊙111" enter password and have access to bash 08:36:11 Maybe I should open my port 22 on client side firewall as well? 08:36:21 no 08:36:34 Yup it works 08:36:45 depends if you have closed OUTPUT chain then yes. 08:36:59 now i'm in 08:37:06 ok 08:37:10 perfect 08:37:12 but i'm guessing this isn't a tunnel 08:37:20 no. 08:37:21 so i did need to enter the user's password 08:37:32 which i forgot because I never need it 08:38:00 now start the tunnel from you client 08:38:03 XD 08:38:44 ssh is default on my system 08:38:58 ok what's the command for that 08:39:33 ssh -nNT -L 18081:localhost:18081 user⊙111 08:40:40 You need to start this on your PC where you run monero-wallet--cli 08:40:50 on the client side not server side. 08:41:03 Yeah, that's what I was doing 08:41:20 I just literally opened an ssh through ssh 08:41:31 Was wondering why it was asking me about fingerprint again 08:41:45 ^^ 08:41:53 channel 2: open failed: connect failed: Connection refused 08:42:06 Client side of course... 08:42:09 strange 08:42:20 Are openssh-server's default settings allowing SSH tunneling? 08:42:30 Because I didn't do any configuration what so ever 08:42:37 Any other monerd running ? 08:42:57 on client 08:44:00 No just monero-wallet-cli 08:44:32 netstat -tulpn | grep 18081 08:45:04 tcp 0 0 127.0.0.1:18081 0.0.0.0:* LISTEN 23526/ssh 08:45:04 tcp6 0 0 ::1:18081 :::* LISTEN 23526/ssh 08:45:14 18081 is red 08:46:18 tcp 0 0 127.0.0.1:18081 0.0.0.0:* LISTEN 23526/ssh 08:46:31 So ssh tunnel is running already 08:46:52 now try to start monero-wallet-cli 08:49:05 Error: wallet failed to connect to daemon: http://localhost:18081. 08:51:12 maybe kill the ssh process and restart it without going to background 08:51:21 client side? 08:51:30 yes 08:51:52 And then just ssh -N -L 18081:localhost:18081 user⊙111 08:52:27 -N without -Tn command line options. So it does stick to the the terminals stdout. 08:53:07 channel 2: open failed: connect failed: Connection refused 08:53:23 netstat -tulpn | grep 18081 08:53:28 same output as before 08:53:49 well a little different: tcp 0 0 127.0.0.1:18081 0.0.0.0:* LISTEN 23633/ss 08:53:56 23633/ssh instead 08:55:27 Are you familiar with htop? 08:56:12 no 08:57:20 ps -A | grep ssh 08:59:05 2 processes of ssh and ssh-agent running 08:59:43 then kill the ssh 08:59:50 kill -9 pid 09:00:28 netstat -tulpn | grep 18081 shouldnt show any process then 09:01:03 pid is the number infornt of ssh shown by ps -A 09:02:23 including ssh-agent 09:02:24 or just ssh? 09:02:34 just ssh 09:03:14 yup they're dead 09:03:36 sudo service ssh restart? 09:04:31 can't hurt 09:05:01 What about netstat -tulpn | grep 18081? 09:05:33 Nothing 09:05:43 good. 09:05:54 So clearly nothing is using that port 09:05:56 ssh -N -L 18081:localhost:18081 user⊙111 09:06:13 so it wont run in background now 09:06:52 channel 2: open failed: connect failed: Connection refused 09:07:03 I think it might be an issue with server maybe? 09:07:10 if the connection is refused? 09:07:10 try 127.0.01 09:07:18 ssh -N -L 18081:127.0.0.1:18081 nodlr⊙111 09:07:20 that's what i did 09:07:21 ssh -N -L 18081:127.0.0.1:18081 user⊙111 09:07:56 well my user is there but whatever 09:08:25 sorry. i couldn't help 09:09:00 Okay, so once I get passed this connection refused shit I should be able to just launch monero-wallet-cli and sync up 09:09:33 Yes. 09:12:26 ok well onto ssh-keygen 09:13:16 ssh-rsa KEY clientuser@clientmachinename 09:13:19 I'm guessing KEY is my key? 09:14:45 Yes. It creates a public and private key in .ssh 09:15:27 ssh-copy-id user⊙111 09:15:39 copies public key to the romte host. 09:18:03 ssh user⊙111 should not require a password anymore. 09:20:52 Okay I think I might know my 09:20:53 why* 09:21:01 rpc-bind-ip is set to 192.168.1.5 not 127.0.0.1 09:22:10 yes - needs to be 127.0.0.1. 09:23:50 Okay, I'm getting something 09:24:13 curl http://localhost:18081 doesn't spit out connection refused anymore 09:24:58 Okay it works :D 09:25:07 but I still need to enter a password for some reason 09:25:20 ah. nice 09:25:36 So it was a problem with the server 09:25:44 my guess was correct 09:26:00 great. 09:26:03 so that means I can't use set_daemon anymore? 09:26:18 what if I'm on the road and want to use my specific node? 09:26:32 with a web wallet for example 09:26:58 I followed this guide btw: https://github.com/jonathancross/jc-docs/blob/master/ssh_tunnel_to_full_node.md 09:27:05 when diagnosing the problem 09:29:42 legit. good guide 09:30:01 It's still asking for my password and won't let me proceed without one 09:30:06 Despite adding my public key 09:31:02 https://www.ssh.com/ssh/copy-id 09:31:24 It is common stuff. 09:31:50 ssh is pretty cool. 09:33:25 Okay, figured it out. 09:33:35 The entire file was the key 09:33:39 not just the center key looking part 09:33:50 Okay so now I'm in without a password... 09:34:55 Thumbs up. 09:36:57 Yeah so back to the question 09:37:22 Let's say I'm out and about and don't have SSH access because it's only permitted on LAN 09:37:50 How would I use my node to sync when I'm using a mobile wallet/laptop on an external network 09:39:01 It's quite unusual for port 22 to be closed. 09:39:32 You could use a public node to sync 09:41:37 there are tools to create an ssh tunnel on android phones. 09:41:53 wireguard works well too 09:42:01 in combination with Monerujo 09:43:09 A vpn 09:44:02 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 09:48:37 You could aslo harden ssh see your link above. remove the shell etc. way more secure than an open rpc port. 10:07:08 d4ndo[m]: cool beans. thanks a lot for the help. makes it worth while running a node after constantly being attacked 11:32:08 https://community.xmr.to/faucet/stagenet/ is down :( 11:33:08 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." 11:33:09 fuck windows, use linux! 11:33:35 sounds like an antivirus error 11:34:44 yeah i'm assuming false positive...it's just not removing the files automatically i guess i need to exempt them 11:34:59 err, it is* removing the files 11:35:35 also the first time i've seen it (after upgrading from 0.15.0.1) so i just wondering why now 11:56:10 did you verify the signatures 11:56:31 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! 12:22:53 i did verify the sha256..didn't go through the trouble of installing pgp...so it's as secure as it could be 12:23:05 ty 12:43:16 Is there any checksum software for windows that supports gpg keys? 12:55:37 gpgwin? 12:56:36 *gpg4win 12:56:46 or even gnupg itself 12:57:42 But gpgwin does not check your files for sha256, does it? 12:58:31 I thing Git for Windows got all you need. That's what I'm using.. 12:59:10 s/ting/tink 12:59:21 I give up.. 12:59:26 XD 13:00:30 Git works pretty good for source code i guess. What about the binaries downloaded from getmonero.org? 13:00:38 on Linux / macOS you can verify everything in 1 command 13:00:41 `curl https://web.getmonero.org/downloads/hashes.txt -s | gpg --verify | shasum -c --ignore-missing` 13:00:52 not sure if that also works with git for windows 13:01:14 d4ndo[m]: git ships with a with a few tools 13:01:42 ok 13:02:38 gpg and sha* is in there too. 13:03:36 The unix philosophy is the reason why windows will always lose out. 13:03:57 sha1sum.exe, sha256sum.exe, sha512sum.exe, sha224sum.exe, sha384sum.exe 13:04:33 if you have a recent windows you can use Get-FileHash for sha256 13:04:36 bloatware slows down windows development to a point they can't handle the overhead. 13:06:23 lub: is that the official sha256 tool from microsoft? 13:06:30 $ curl https://web.getmonero.org/downloads/hashes.txt -s | gpg --verify | shasum -c --ignore-missing 13:06:30 Unknown option: ignore-missing 13:06:30 Type shasum -h for help 13:06:30 gpg: Signature made Thu Mar 19 04:51:04 2020 SEAST 13:06:30 gpg: using RSA key 81AC591FE9C4B65C5806AFC3F0AF4D462A0BDF92 13:06:30 gpg: Can't check signature: No public key 13:07:17 TrasherDK: did you add binaryFate’s public key? 13:07:23 binaryfate signed the last release. 13:07:28 https://raw.githubusercontent.com/monero-project/monero/master/utils/gpg_keys/binaryfate.asc 13:07:35 https://web.getmonero.org/downloads/hashes.txt 13:07:48 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 13:08:21 lub: Ok- so it is official then. 13:09:12 selsta: No. Just ran the command in a git bash shell, to show it can be done on windows. 13:09:28 Does Windows10 support bash now? I heard some news a while ago, but i did not verify it. 13:09:38 looks like windows has a different version of shasum if it doesn’t understand --ignore-missing 13:10:17 $ bash --version 13:10:17 GNU bash, version 4.4.23(1)-release (x86_64-pc-msys) 13:10:17 Copyright (C) 2016 Free Software Foundation, Inc. 13:11:18 it has WSL (and most recently WSL v2), where you have a complete linux userspace and in v2 I think also a linux kernel 13:11:24 you can install ubuntu, debian etc. from the microsoft store and use bash that way 13:12:29 Way to go. Install Linux to verify your windows binaries :D 13:12:44 cool 13:13:31 hmm the command I posted above does not work anymore :( 13:13:58 Even better. Upgrade to Windows 10, to get WSL, and then install Linux to verify your windows binaries :P 13:14:15 `curl https://web.getmonero.org/downloads/hashes.txt -s | gpg | shasum -c --ignore-missing` 13:14:20 that was the correct one :D 13:16:54 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. 13:17:37 yep shasum and gpg is all that is required 13:18:23 !verify 13:18:23 d4ndo[m]: gpg --verify hashes.txt && sha256sum -c hashes.txt 15:43:24 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 --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 --confirm-external-bind so 15:43:24 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 .mms and it will error out and lose it's connection 15:43:24 to the daemon. Have you guys even seen this error 15:44:37 You can ignore that message. Any other error ? 15:47:11 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 15:47:37 yup, that worked for some reason 18:34:33 Hey fam. I'm completely new to monero. Can you suggest any good resources for getting started? 18:35:53 Look at getmonero.org and follow links maybe. 18:35:59 gordon_fr33man[m, do you want to setup a full node, or just run wallet on phone? 18:37:22 gordon_fr33man: also take a look here https://www.monerooutreach.org/stories/getting-started-helping-monero.html 18:39:07 netrik182: Thanks! 18:39:41 jwinterm: I guess eventually full node. Still very new to crypto in general. 18:40:39 for phones there is monerujo for android, or cake wallet for ios or android 18:40:49 moneromooo: Many thanks 18:41:02 I like monerujo, but cake is apparently very good as well 18:41:39 I'll check them both out. Can I store any altcoin on a hardware wallet? 18:42:02 not any, but many 18:42:13 I think monerujo actually works with ledger nano s 18:42:17 not sure about cake 18:42:27 Oh good thats what I have! 18:55:07 hi 18:55:51 is there other use cases for monero other than acting as a currency? 18:56:45 Yeah 18:57:12 No 18:57:47 Mooo. 19:06:46 It makes a nice paperweight 19:07:10 You can also make a delicious holiday dish out of it (the specific holiday is left as an exercise to the reader) 19:12:32 is there other use cases for monero other than acting as a currency? 19:12:39 not at all? 19:13:12 If you shoehorn, sure. But it's shoehorning. 19:21:07 hey 19:21:37 seriously, there is not one single use case other than using monero as an extremely unstable currency? 19:23:50 Unstable ? 19:24:09 Oh you mean exchange rate, right ? 19:24:58 I don't think it'd be particularly well adapted to other things, though as I said you could shoehorn things in. 19:25:13 <[-mugatu-]> Jackman2: unstable? it basically hasn't moved in days 19:25:26 You could do voting, encrypted chat, but meh. 19:26:00 yes the exchange rate is unstable 19:26:10 extremely unstable 19:28:41 Did you have any particular use in mind for that question ? 19:28:54 well 19:29:05 Monero is a digital collectible like Pokemon cards 19:29:23 I've to much faith about the usability of crypto tokens as currencies 19:29:43 due to their unstable exchange rates 19:29:56 however I like anonymity 19:30:14 so I was wondering what could monero be used for more than buying drugs 19:31:38 as 99.9% of mainstream companies would judge infinitely unacceptable to take such a great rate risk by using monero 19:32:05 is privacy only for criminals? 19:32:15 You could use it to... sell drugs ? 19:32:18 * moneromooo runs 19:32:56 yes I know that 19:32:59 <[-mugatu-]> use it to get rich. Buy low, sell high 19:33:18 privacy coin wit extremely unstable exchange rate, yes is only for criminals 19:33:42 not going to debate the obvious 19:33:47 So Bitcoin is stable in your opinion? 19:33:51 no 19:34:01 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). 19:35:00 I'm not going to debate such an obvious fact that no mentally sane company would accept crazy unstable currencies. 19:35:28 Won't necessarily always be the case 19:35:59 so either monero have more use cases than being a currency, or it's nothing more than a crime currency 19:36:00 but 'Monero' literally means 'money' so idk what you expect 19:36:30 monero, made for criminals by criminals 19:36:37 <[-mugatu-]> ^ 19:37:13 Only because people have that attitude, sadly. It's self perpetuating. 19:37:31 I'm was hoping that there would be more things pushing the prices than demand for drugs and speculation 19:37:53 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. 19:38:05 What did cryptocurrencies achieve apart from being digital currencies? 19:38:09 But it's not nice, so the other part of me hopes not ^_^ 19:38:10 I’m not aware of anything else. 19:38:18 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 19:38:19 they didn't achieve being currencies 19:38:44 <[-mugatu-]> Jackman2: can you please tell us why RYO is the best crypto currency 19:38:58 idk ryo 19:39:05 Guess then they achieved nothing :P 19:39:07 Monero is used for anything and by anyone just like any money. 19:39:13 no 19:39:25 for drugs by dealers and for speculation 19:39:35 you seem to know a lot about how Monero is used 19:39:37 learn to see the reality please 19:39:46 It is permisionless. There is no one that can say no for you to use it. 19:39:48 obvious in front of your eyes 19:40:03 Most drugs are sold for USD 19:40:11 idc 19:40:26 * beep_[m] sent a long message: < https://matrix.org/_matrix/media/r0/download/matrix.org/DKpPzxQnnwTDjmcrIRcZBdJm > 19:41:11 Jackman2: Do you know about hedging? 19:41:22 yes 19:41:30 So how come they can't hedge? 19:41:40 Those cute little animals with lots of spikes ? 19:41:44 I mean there are other issues to accepting payments in XMR, but volatility is not one of them. 19:41:56 because there is no put options available on monero 19:42:02 There are futures 19:42:07 and because most companies are not trading companies 19:42:11 hedging with put options is completely retarded 19:42:16 and because most companies don't hedge 19:42:43 Because they accept currencies like JPY, EUR, USD, where such isn't a problem 19:42:57 and because hedging a possible 2% drop in some fiat currency is different than trying to hedge against 50% moves of monero 19:43:09 Is it? 19:43:12 yes 19:43:18 Trading futures on USD/JPY is heavily regulated 19:43:23 and needs to you to be a bank 19:43:23 idc 19:43:34 any schmuck can trade XMR/USD futures 19:43:42 disgusting 19:43:48 <[-mugatu-]> lol 19:43:48 would be trivial to code a payment processor that did it for you 19:43:57 ^.^ 19:44:08 oh yeah bot hedge trading awesome 19:44:42 your lucidity is being fogged by your hopes, dreams, and ignorance 19:44:47 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. 19:44:58 did you just come here to troll or ? 19:44:58 you seem to be awfully angry Jackman2 19:45:05 Is there anything on your mind weighing you down? 19:45:13 yes you 19:45:13 I am curious as well 19:45:55 Nice. #hedgehog actually exists. 19:46:18 (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; 19:46:30 Is it a channel that talks about hedgehogs or some software? lol 19:46:43 with annualized vol of 80%, that's 1.2% 19:46:46 I dunno. I left after saying hi. 19:47:02 even if you get perfect adverse selection, that's a lower fee than most card processors 19:47:18 and this disregards the bit where you presumably sell some sort of merchandise 19:47:52 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 19:48:41 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) 19:49:32 why would anyone do that 19:49:38 and how is that anonymous 19:50:15 "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." 19:50:16 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. 19:50:25 Why would anyone do what? 19:50:35 But hey. It'll ptobably fail, but at least we'll have tried. 19:50:41 how is that anonymous, even 19:50:43 Why would a merchant hedge their income? To reduce risk 19:50:44 * moneromooo continues trying ^_^ 19:51:04 How is it anonymous? The client is still anonymous, the merchant can be, depending on where he sells his futures 19:51:32 For example, XMRXBT futures are readily traded on Eastern 'fuck compliance' exchanges 19:51:36 and XBTUSD hedging is trivial 19:51:38 let says you want to buy 50k$ worth of merchandise 19:51:43 yeah 19:52:04 you are a big enterprise 19:52:09 drug markets increase the array of goods priced in and reduce overall fluctuations in purchasing power, a win for me! 19:52:11 you regularly do that 19:52:19 you need stability and certainty 19:52:31 Wait, the enterprise is selling or buying? 19:52:36 Or both customers are enterprises? 19:52:43 is buying 19:52:57 so you need to buy 50k$ worth of monero 19:53:14 and you wanna keep it anonymous for some reason 19:53:14 yeah then you just buy the monero and send it instantly 19:53:16 that's not even hard 19:53:18 how do you do 19:53:18 what 19:53:30 well you say, "hey, I'd like to buy $50k of monero" 19:53:34 and someone quotes you a price 19:53:36 and you trade 19:53:38 and you pay 19:53:39 where 19:53:41 what, that's not even hard 19:53:51 OTC desks, IRC, KYC'd exchanges 19:53:53 don't matter 19:53:56 explain the process of buying the monero with great details 19:54:04 <[-mugatu-]> lmao 19:54:14 1) go to any exchange 19:54:18 2) click the 'buy' button 19:54:20 3) done 19:54:30 and how is it "stable, secure, anonymous" and fast because crypto is mean to be fast 19:54:45 You're anonymous to the seller, since Monero is anonymous 19:54:53 crypto is mean but idk about fast 19:55:01 it's reasonably fast, since the transaction time is still just 2m or whatever 19:55:09 I hope the seller has some shipping address for this 50k$ merchandise 19:55:11 anyway, aren't you moving the goalposts? 19:55:26 We were talking about buying stuff from a seller, where the seller is hedging 19:55:36 And he will continue to do so until you stop talking in exasperation, claiming victory over the Monero idiots :D 19:55:38 because he isn't interested in Monero exchange rate risk 19:55:38 I click the buy button, I get the message "not enough funds" 19:55:42 Despite being a nutter lol 19:55:51 then what do I do 19:55:54 <[-mugatu-]> needbrrrrrrr90: :D 19:56:04 well, you transfer in money to the exchange. Have you never used a bank before? 19:56:26 Tfw someone compares the stability of Monero to the largest currency on the planet and not the currency of normal nations 19:56:28 <[-mugatu-]> pls don't stop. This is entertaining 19:56:31 Tfw someone thinks that it can't grow 19:56:44 how long does it takes, is it anonymous, is the exchange stable, trustworthy and regulation-free 19:57:02 Tfw the dollar is used in most global drug trade 19:57:06 needbrrrrrrr90: because eurodollars 19:57:06 Do you use dollars? Wtf? 19:57:11 You're supporting criminals jsrk 19:57:12 Jerk 19:57:26 depends on your bank. Most civilized countries have instant bank transfers. You're anonymous to the seller. The exchange rate is irrelevant. 19:57:38 by the law of one price, it will be trustworthy and unregulated 19:57:56 all europe SEPA transferts are 1 day delay, if not 2. 3 on weekends 19:58:14 Monero is 20 minutes 19:58:19 Wins that one ez 19:58:20 <[-mugatu-]> RYO is anonymous, stable, trustworthy, regulation free, and has unlimited liquidity. It also provides anonymous shipping addresses 19:58:36 20 minutes is enough for monero to drop 2% 19:58:47 why would anyone doing serious biz accept that 19:58:58 National currencies drop that much too lol 19:59:01 Also you can hedge my guy 19:59:05 Shorting exists 19:59:10 Ezpz learn to finance 19:59:22 DTFT 19:59:38 A lack of knowledge on your part doesn't imply the currency doesn't work, have you done research into what shorting is? 19:59:41 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 19:59:42 I'll wait, don't worry 19:59:47 Stop moving goalposts lol 20:00:11 It's almost like you don't want an answer, you just want to shout uninformed opinions at us 20:00:22 Which is like. Fine I guess. But why? You could easily just learn. 20:00:27 I try to make you lucid but you dumb fogged mind 20:00:35 That's not very nice 20:00:57 but I'm a trader my job is to clearly understand what's going on behind people's dreams 20:01:00 "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) 20:01:01 I would appreciate it if you were more pleasant :) 20:01:07 Jackman2: no it isn't 20:01:16 Clearly your mind is fogged if you think you're good at trading... 20:01:20 1 SD for 20 minutes is trivial to calculate 20:01:25 You don't seem to understand the basics of hedging 20:01:30 I posted the formula above 20:01:53 1 sd = P*Ann vol*sqrt(T/365) 20:01:57 Jack, can you explain what hedging is? In your own words 20:02:00 Please don't copy paste 20:02:17 I don't think youre operating with the right definitions :) 20:02:21 needbrrrrrrr90: grrr, he's a pro trader. don't patronise him! 20:02:22 Let's clear this up from the start! 20:02:32 Just keep asking him about hedging before moving on 20:02:35 Don't let him change the subject 20:02:36 gonna bet you $100 Jackman1 has never set foot at a trading desk 20:02:40 ^^^^^ 20:02:45 Jackman2, sorry 20:02:58 idc 20:03:03 I know what hedging is 20:03:04 Trading 100x leverage on bitmex doesn't make you a professional 20:03:06 whatever happened to jackman1 btw? did you kill him? 20:03:16 Clearly you don't jack 20:03:22 Can you please explain? 20:03:40 What is hedging, in your words 20:04:13 let's say you're a company in USA, someone is gonna send you 500k EUR next month 20:04:36 you fear meanwhile the EUR 💶 will devalue VS usd 20:04:47 <[-mugatu-]> 100x is for noobs. To binance.com/MyRefLinkInfoHere and trade at 125x like a chad. 20:04:52 you short it 20:04:55 <[-mugatu-]> go to* even 20:05:02 How is this different from Monero? 20:05:12 Jackman2: And which instrument do you use for this trade? 20:05:19 You can easily short monero :) 20:05:53 yanmaani: a ukulele 20:05:56 How can you claim to know what you're talking about with regards to hedging, yet not realize that hedging just requires the ability to short sell? 20:06:05 It's like half your brain is gone 20:06:13 eur/usd doesn't move by 2% in 20 mins 20:06:14 You got partway there and then just....mentally hit a wall 20:06:17 xmr can 20:06:18 to be gone implies that something at one point in time was there in the first place. 20:06:27 Jackman2: Which instrument do you use to put on this trade? 20:06:29 Lmao it takes seconds to short dude 20:06:40 You're revealing your ignorance on the subject 20:06:53 'pro trader' lmao 20:06:57 This guy 20:06:57 and you seem to not realize that there is actual steps to actually do to actually start the hedge and that it can takes more than 20mins 20:07:17 Maybe for traditional finance! 20:07:24 Not crypto, ez 20:07:25 hey Jackman2, how do you hedge your dollars? 20:07:28 this is #mofi 20:07:36 not #tradfi 20:08:13 yeah the guy call some clerk heyi ima buy 500k$ 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 20:08:46 Thats a scale issue, its gotta go to the moon in price and it'll be stable 20:08:56 Dollars, not Monero. If you have 500k euros coming in, how do you hedge them? 20:09:22 short sell them 20:09:34 And with which instrument do you put on this trade? 20:09:43 futures 20:09:45 why 20:10:08 And why do you use futures, rather than put options? 20:10:36 because it's less risky if price turns against you 20:10:40 for a company 20:10:49 try again 20:10:58 no 20:11:06 what's your point 20:11:07 put options lose you money if the price doesn't change and volatility drops 20:11:24 so futures are the way 20:11:26 ^ 20:12:06 well that's true 20:12:20 <[-mugatu-]> good save :3 20:12:55 Arguing that a small entity cannot satisfy the demands of large scale without scaling up is common sense 20:12:56 oops, just scrolled back, didn't mean to interfere with your grilling, yanmaani 20:13:16 Arguing that Monero can't satisfy capacity now and therefore never will is silly 20:13:25 What's he grilling? Are we all invited? 20:13:30 Just you wait, with scale comes stability 20:13:42 This dude is a pro trader and we are doing an AMA 20:13:49 He knows everything about trading ever 20:14:12 juuuuge knowledge about trading 20:14:15 so you whole argument to save cryptoCURRENCIES is some magic instant hedging? 20:14:17 lol i've not been in this channel for a long time. has it become #monero-markets2? 20:14:25 Jackman1 / Jackman2: What do you trade? 20:14:44 who things hedging will save crypto? i agree with that person 20:14:45 girls 20:14:48 save it? monero tx volume is rising ^.^ 20:15:06 <[-mugatu-]> knaccc: yes, as of 1.5 hours ago or so 20:15:50 <[-mugatu-]> 14:14:45 Jackman1 | girls 20:15:52 Jackman's age O/U 15.5 1.8 1.8 20:15:54 <[-mugatu-]> 0_o 20:16:07 <[-mugatu-]> ping fbi 20:16:07 pong 20:17:52 That's just ad hominem. 20:18:24 Both actually. Jesus. 20:21:54 nah mate I'm serious, quoting odds 20:24:48 <[-mugatu-]> wait, what happened to moo? 20:25:00 I don't see the point of monero apart hiding money and buying drugs 20:26:20 thank god we are all entitled to our own opinion \o/ 20:26:35 what do you see monero for UkoeHB_ 20:26:56 buying non-drugs 20:27:11 I used it to rent a server a few weeks ago, and buy a domain 20:27:17 worked fine, low fees and good privacy 20:27:36 UX was OK but could be improved - much prefer Electrum to Monero-GUI, far simpler design 20:27:42 whatever people want, drugs or otherwise :) it's money after all, there is no specific use case 20:28:41 yanmaani: though Electrum to Monero-GUI comparison isn’t fair :P 20:28:57 Electrum is a light wallet, monero-gui is not 20:29:05 Electrum vs MyMonero would be a closer comparison 20:29:09 no, it is 20:29:13 It's just purely visual 20:29:22 Electrum looks like a normal desktop program 20:29:30 Monero-GUI looks like web stuff 20:29:36 both are Qt 20:29:44 Bitcoin Core looks pretty normal too, but Electrum is nicer. 20:29:56 yeah but Electrum looks native and has better performance 20:30:16 USAF 20:30:32 ? 20:30:48 Yes, monero-gui is not trying to look native 20:31:02 else we would have used QtWidgets 20:31:06 instead of QML 20:31:07 What does that even mean, 'look native'? 20:31:22 <[-mugatu-]> native to the os 20:31:39 <[-mugatu-]> macos styled for osx 20:31:45 <[-mugatu-]> windows forms for windows 20:31:48 <[-mugatu-]> etc 20:31:54 gotcha 20:33:14 yay UI styleguides 20:33:30 https://developer.apple.com/design/human-interface-guidelines/ 20:33:32 for example. 20:33:44 its why apple stuff looks so apple-y 20:33:58 and why linux looks like it was cobbled together by a bunch of friggin nerds 20:33:58 yanmaani: better performance in what way? 20:34:18 except for unity. Unity looks like it was cobbled together by designers with no input from nerds. 20:34:53 <[-mugatu-]> needbrrrrrrr90: hard to find a good nerdy designer 20:35:28 Well yeah, apple hired them all 20:35:41 And Adobe 20:37:42 selsta: uses less RAM, less latency upon button clicks 20:38:05 are you using Linux + VM? 20:38:35 there shouldn’t be any latency when you click something 20:39:36 using Linux on bare metal 20:39:41 it's slight but it's there 20:42:10 Electrum takes 10 seconds+ to start on my system, is that normal? 20:42:44 monero-gui uses 300MB RAM, Electrum 100MB, so yea can agree there 20:42:47 you're mean to receive 500k$ monero from anonymous buyer 20:42:51 you short sell? 20:42:53 lmal 20:43:06 how do you guarantee he pays if not doxxed 20:43:07 ? 20:43:13 dangerous as hell 20:43:43 /filter Jackman1⊙192 20:44:45 at least dapps have some real use cases 20:44:50 lol 20:45:05 bloody hell why doesn't my filter work 20:45:07 damn you weechat 20:46:11 the word cryptocurrencies should be forever changed to cryptoapps 20:46:14 <[-mugatu-]> yanmaani: use /ignore *!Jackman1@* 20:46:17 <[-mugatu-]> ;) 20:46:18 or cryptotoken 20:46:34 [-mugatu-]: nope, don't work either 20:46:37 weechat has different syntax 20:47:04 tiresome. why don't you go back to #bitcoin-pricetalk, where you can discuss 'number go up'? 20:47:10 still haven't heard what you were a trader of 20:47:41 <[-mugatu-]> yanmaani: thats what I'm using and /ignore works for me 20:48:14 /ignore is a different animal 20:48:19 but that doesn't work either 20:48:23 ehh whatever 20:49:51 he said girls, so maybe monero isn't being used by human traffickers yet 20:50:27 which I am perfectly happy with lol 20:56:01 numbers go up is freedom goes up 20:57:35 why? 20:57:56 how does money give liberty? 20:59:48 because it allows you to pursue goods 21:00:19 good, services, time, experience (thus knowledge and intelligence) 21:00:40 beauty 21:00:46 spirituality 21:00:49 sez 21:00:50 sex 21:01:11 I'm a capitalist 21:01:55 actually the girls are running the botnets 21:02:08 pimping out computers is not cool! 21:02:28 the price in USD doesn't necessarily give more freedom, although it may imply it to some extent 21:02:38 how old are you Jackman1? 21:02:49 asl incoming 21:03:23 O/U 20 30 21:03:38 do I look cool geek speaking this way 21:04:04 🍆 21:04:27 <[-mugatu-]> 37/M/Kiev 21:04:43 ))) 21:05:05 gonna guess either Indian or underage. Or both 21:05:51 does that make you horny 21:06:03 the mentalist is among us lol 21:09:12 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 21:10:35 what's my foundation 21:10:50 what money is not fungible 21:11:12 most cryptos lol 21:13:06 most tainted coins are on binance 21:13:27 evidence? 21:13:32 so? 21:13:41 most tainted coins are on binance 21:13:44 all cryptos are fungible on binance 21:13:44 CRYPTO IS NOT CRYPTOCURRENCY ಠ_ಠ ~ IT REFERS TO CRYPTOGRAPHY, Jackman2 21:14:00 and huobi 21:14:07 is Quotes a bot or just a genius? 21:14:32 genius bot? 21:17:13 to begin with, the problem of making a fungible digital currency isn't trivial; expecting there to be an ideal solution is unrealistic 21:17:20 Monero is already pretty amazing 21:19:23 can I get more than ad revenues with monero js mining 21:19:34 that's a great use case 21:20:23 seems unlikely 21:20:41 :( 21:21:02 could be wrong, you'd have to run the maths 21:24:40 monero is not mineable with js 21:24:58 Why not? 21:27:00 large RAM requirement and missing directed rounding support in javascript / webassembly 21:27:56 https://github.com/tevador/RandomX#does-randomx-facilitate-botnetsmalware-mining-or-web-mining 21:28:50 I'm not a criminal, how did I end up here? 21:45:59 Jackman2: why is your connection so poor? 21:46:03 why do you have 2 users 21:58:45 my connection seems fine to me 22:26:34 --man shortly before being disconnected 23:11:56 LOL 23:20:57 Am I live streaming right now?