Skip Navigation
Since DAI is currently being destroyed
  • It really is a shame what's happening with dai, isn't it. They're trying to cut out the decentralized thing from MakerDAO without alienating the community by creating another thing with the decentralized characteristics that they will design to fail. It's such a terrible thing happening.

    Thankfully, the makerDAO multicollateral contracts are available, anyone can launch a clone of DAI that functions as is. And they can even prevent things like USDC collateral (the only time they've ever broken peg was due to USDC losing it's peg, DAI is very well designed and IMO can handle decentralized collateral volatility) and keep it strictly ETH or whatever. Also, am interesting thing, the oracle can be trivially modified to provide a price of another asset, so you can synthetically create gold backed stables that hold no real gold if you like, or even more interesting, you can peg to things even more stable than gold and that track inflation, like salt, or peg to non asset measures like CPI if you like. You just have to remember that this is potentially manipulatable by participants in those measures, just like the value of DAI is subject to Fed policy. Personally, I'd rather have my stable pegged to a commodity like salt than to a fiat currency.

    If you like the idea of gold, there's PAXG, I don't know if it's freezable, I would be surprised if it isn't, but I highly doubt these other stables are going to start freezing out small fish just to demand KYC.

    Anyway, this is all off topic for Monero but it's still something I figured is worth discussing. On a Monero related topic, o wonder what the serai developers are going to do in response to this, their entire goal is a dex that supports DAI, ETH, BTC and XMR from launch as basic functionality.

    Edit: apparently, there's liquity and lusd, which is governance free, unfreezable, pegged to USD via ETH collateral (unlike Luna which existed to collateralize TUSD, an obvious fail to anyone who even marginally understands this stuff) and has what I think is a pretty solid peg mechanism from my perusal of documentation. I'll have to look at details and think on it, my main concerns are that the collateralization ratio is hard coded into the contracts at 110% (no governance, remember) and that the base fee for creating LUSD is hard coded to stay between 0.5% and 5%, which may not be sufficient in wild swings in the value of ETH. The contracts are not upgradeable, again, no governance. That's good but also scary. All in all, if I were going to park some capital in a USD pegged stable some time over the next year or two, I wouldn't use it, I want to see how it performs in a bear first, and DAI is going to work as is for the next couple of years anyway so it works fine for now.

  • Far Right Billionaires Are Waging a War to Capture State Courts
  • But the increase is coming from people who would otherwise get abortions and now can't, not from people who also think it should be illegal, those people for the most part aren't getting abortions anyway.

  • Far Right Billionaires Are Waging a War to Capture State Courts
  • Why are there some politicians and billionaires that don't support abortion bans? If there's always a class reason, do they do it because they're eugenicists or something? The divide on this issue looks pretty well evenly split in the US, there has to be some class reason for that too right?

  • As conservatives put religion in schools, Satanists want in, too
  • That's not strictly true. They don't worship Satan, or even believe in "him" as an entity or being, but it's more than just getting under the skim of the churchians. They anthropomorphize the concept of Satan the archetype and learn from the philosophy of such a being as described.

  • There are currently multiple Haveno networks

    At least 2 separate Haveno networks have launched as of today. One is called Reto and the other is called HardenedSteel. Those are the only ones I'm aware of right now, and things are happening pretty fast.

    The haveno software was designed with the assumption that only a single network would be operated. People could fork it and run their own networks, but they wouldn't interact directly at all. But it looks to me as of this moment this is not how it is going to play out.

    The client has the network info hard coded. So to use more than one, you need two copies of the client. This means that for most people they have to pick one. And, users might not understand this, just google "haveno" and pull the first git repo they see. This has significant, fast moving and quickly ossifying network effects with big repercussions.

    We need to be very vigilant right now, as we are about to witness the very swift rise of a major power broker in our community. We don't want to start using a Haveno network run by scammers or authoritarians. Each network is it's arbitrators, and soon, the merchants on each one.

    I think it's probably a good idea to figure out a way to connect to multiple networks, and to show listings with details about which network/arbitrator set a user is trusting when taking up a listing.

    I'm cautiously optimistic, Monero has gotten rid of powerful people without a hitch before. But it is a bigger community now and that will be much harder to do. If we are vigilant during this time and we get through this successfully I think we become unbeatable, but the road directly ahead of us is treacherous, the next few days are going to move very fast.

    14
    Which instant exchanges DON'T use Binance for liquidity?

    Specifically ones listed on kycnot.me. I'm asking (as I'm sure you can guess) because I'm considering buying some XMR via a swap or two and I don't want to get my funds stuck indefinitely.

    3
    It is becoming harder to move your capital into cryptocurrency than it is to move it out.

    I've been noticing this lately. If you want to buy Monero or other cryptocurrencies, you have to KYC, set up accounts, have a bank account, wire money, all that stuff.

    However, if you want to spend it or sell it there are a plethora of options, as simple as buying a prepaid card, or just doing business with people that accept it directly.

    Bonus: once your capital is in Monero or Bitcoin or something, moving it around is relatively easy with swap services, atomic swaps and the like. Even p2p services, you don't have to worry about PayPal, bank accounts, cash in the mail or any of that. Once your capital is internet native you're golden.

    This is a sign to me that it's more valuable than fiat and people are seeing that. Now it makes more (practical, tangible) sense to get all your capital into cryptocurrency than keeping it in fiat and just buying cryptocurrency when you need it, as it was a few years ago. If you can get all your capital into Monero or something, you can easily get fiat when you need it, the reverse is not as true.

    I predict that the barriers to entry will be increasingly bigger than the barriers to exit as time goes on, in an attempt to stop the bleeding, but that it will backfire into people preferring crypto directly and make things better for all of us. And this also means less of a need to exit in the first place.

    15
    torrents-csv.ml down?

    I would guess this is due to the Mali government taking control of the .ml TLD, but whatever it is means I cannot get the CSV file for a search.

    Is there a mirror somewhere that I can use? This was my main way of searching torrents.

    8
    Is the rslashmonero experiment funneling our community back to Reddit inadvertantly?

    Something to think about. It is pointless to interact with any of those posts directly here, so as a result they get no engagement. They're just links to Reddit, and I feel like they're just funnelling engagement back there. I can't help but notice, possibly incorrectly, that activity here sharply dropped as soon as that bot went active.

    If we want the content here, wouldn't it make more sense to pull non self post content directly and post it as a first class Lemmy post here without linking to the reddit post?

    If our goal is to make this the new Monero home, wouldn't a better approach be adding this site to the sidebar on the subreddit, or having automod inform every poster about it's existence? Is moving here even our goal anymore?

    0
    Feedposter - a configurable bot that checks RSS/Atom feeds periodically and posts to Lemmy.
    codeberg.org lemmy_feedposter

    Feedposter is an easy to configure bot that checks RSS/Atom feeds and posts them to Lemmy.

    lemmy_feedposter

    I figured I'd post this here so that people can know about it. If it is against the rules mods please let me know.

    To make this project succeed we need content. There are other RSS to Lemmy bots out there, but they are all difficult to use. This one is easy; the configuration file is pretty self explanatory and the options make it easy to get content onto many Lemmy instances and communities.

    Let me know what you think, feedback/comments, and of course feel free to open an issue in the issue tracker for the repo.

    4
    Lemmy Feedposter: an easy to configure bot to post RSS feeds to Lemmy
    codeberg.org lemmy_feedposter

    Feedposter is an easy to configure bot that checks RSS/Atom feeds and posts them to Lemmy.

    lemmy_feedposter

    I built this specifically for monero.town, but anyone can use it anywhere. It is pretty easy to configure, all the info is in the readme and there's an example configuration file to get you started using it.

    Feel free to aso me any questions you want, recommendations, and also feel free to open issues in the repo.

    0
    Anybody considering running a news bot that posts on this site?

    I could build it, but I don't currently have a VPS or other server to run it. A bot that posted whenever Revuo Monero, The Monero Standard, etc would go a long way towards making this place the only place you need to go for Monero news and information.

    0
    InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)MI
    mister_monster @monero.town

    46zFAv8KHaKVuYDTJ15TXAah6SCXw88Dx9UhTuUJa6ydb8m9uGLaYE3AX5JPFhsJjJ6w7NMc7vNYwQPhGkt3tE2L7pwgrte

    npub1m5s9w4t03znyetxswhgq0ud7fq8ef8y3l4kscn2e8wkvmv42hh3qujgjl3

    https://codeberg.org/mister_monster

    09F911029D74E35BD84156C5635688C0

    Posts 8
    Comments 522