AllArk is looking for Reddit support staff. Paid in XMR. :)
AllArk is looking for Reddit support staff. Paid in XMR. :)
Hi all,
Tommy from AllArk here.
We have finally grown to a point that we are looking for support staff on Reddit (possibly twitter)
The basic qualifications needed are pretty simple
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Enough Karma to post on major crypto subs
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Ability to push out promo threads
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Polite and unbelievably based š
Please message us on Session to apply. Our contact details are front and centre's on the website.
You can easily make $100 - $200 - $500/month just posting on Reddit a few times a month and answering questions. Payment is per-post and posts are approved by us.
Hope you have a great day!
Tommy from AllArk
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Well, here is your problem. Donāt move your coins off chain.
You see, people here use Monero as a currency and not mainly for exchanging and betting on what the price will be.
Coins are for hodling. Currency is for using.
Do any places accept monero on the monero chain? I have yet to see any. Can you do anything besides exchange for fiat (which is actual currency)? So far I am seeing that as a "no" which makes XMR about as beneficial as a savings accout, but with more volatility.
Mullvad is a great exemple, there is also njal.la hosting, and there was a website with all sites that accepted Monero that was around.
Or, you know, all the hidden and dark net markets use BTC and XMR
Occasional payment between individuals, or payment through websites that have crypto payment processors. I bought something on instant gaming with LTC for example.
Ok so let's recap here..
XMR is a currency with its own blockchain, like BTC, polygon, ETH, Cosmos, BNB, etc.
"XMR is superior to BTC and ETH" because as best I can tell it has its own blockchain, like BTC and ETH.
"XMR is better than BTC and ETH" because you can use monero on a handful of places and use BTC and ETH in many more places.
Yeah.. I must be an idiot here because I am still not understanding. XMR looks like BTC, just a lot less popular and worth less money.
So.. why would anyone want to be paid directly in XMR? This is the question that started my comments and I don't see a good answer.
What i see is that if you like XMR, get XMR. If you like BTC get BTC. If you want to avoid getting any crypto stolen, keep your funds in your wallet and don't move them to another network. Very cool. Good talk.
āXMR is superior to BTC and ETHā because as best I can tell it has its own blockchain, like BTC and ETH.
I never said that XMR was superior, it's down to personal preference, and imo they can't be compared as they have different use cases.
XMR looks like BTC, just a lot less popular and worth less money. Soā¦ why would anyone want to be paid directly in XMR? This is the question that started my comments and I donāt see a good answer.
Privacy, anonymity and fungibility. One can easily trace which wallet currently holds a coin for BTC and ETH, and in case of governments or police forces, they can get the identity of a person behind a wallet if they used a CEX at least once.
This is not the case with XMR: each time a transfer/transaction is made, you multiply by 16 the number of possible routes it could have went. A single payment is enough to obfuscate the route (and certitudes); doing more (ex: sending to yourself 'churning') will multiply this number by 16 again, again, again...
16, 256, 4096, 65536, 1048576
By doing 5 transactions, you've set the number of possibilities to over a million. Congrats, your coin is now untracable.
Please note that churning is controversial among the Monero community as it increases the blockchain's size and people claim it could hurt your privacy, even though it clearly can't if you're churning your own coin, you can only increase possibilities. At the end of the day, churning isn't for everyone, but it can be useful when you want to hide the origin of the coin or mask where it went. I churn once in a while.
BTC is known to have been a source of trouble when the coin you can get in swaps or exchanges can have a background of being stolen, in which case exchanges can freeze your account, ask you questions and annoy you, even though you weren't linked to the actual problem.
Privacy, anonymity and fungibility
Thatās L1 networks for you.
This is not the case with XMRā¦ your coin is now untracable.
Security through obsfucation is not security. Youāre describing a situation where an app (one that either hasnāt been written yet or is written but you donāt know about yet) can reverse the transactions youāve done. Sure, itās not as simple as going on etherscan and looking at a wallet, I guess.. but thatās not nearly the same.
Blockchain is a ledger. A ledger is a record of transactions. In order for the network to work, that ledger has to be verified. If the network can verify who has what in what wallet and where the money went, so can a purpose-built application or script.
ā¦churning is controversialā¦
Iām going to guess thatās because it probably isnāt security and comes at the cost of greatly increasing the size of the ledger, all so a script has to take a few more CPU cycles to get the information.
Security through obsfucation isnāt security but it does make you feel more secure because itās harder for you to understand. Whenās the last time you calculated a crypto transaction by hand? Thereās a reason we let computers do this work.
BTC is known to have been a source of trouble when the coin you can get in swaps or exchanges can have a background of being stolenā¦
Which networkā¦? Because it sounds like youāre just describing L2/L3 networks in general. That was kind of my whole point with this.. Once you go to L2/L3, it doesnāt really matter if you have BTC or XMR or ETH, because as you put it yourself āthe coin you can get in swpaps or exchanges can have a background of being stolenā. I donāt know if thatās what happened in my case, I just know one day I woke up and all USDT (a fairly well known coin) on Polygon was gone. My point is, that couldāve been XMR and it would have likely happened the same way.
My larger point is.. what good is money if you arenāt going to use it? Is it the L1 XMR network which earns you money or the DeFi options on L2/L3? If youāre just looking to HODL, then pick a coin on any L1 network, and donāt leave that network, and then I guess convert back to fiat some day or find a niche retailer. Otherwise when you go to L2 / L3 or do any of the ādAPPsā your precious XMR may be taken.
I use Monero as a currency, not for trading and betting. Youāre not doing the same? Great for you, but donāt say it canāt be used like that.
Cryptocurrencies were first made as currencies, as their name states.
Iāve never talked about security, idk what youāre talking about. Btw if you canāt do simple statistics without using a computer, then thereās your problem.
Btw no specific apps are needed to trace BTC transactions, just a basic blockchain explorer and manual searching, itās really easy.
But yea nah, there are definitely apps out there that do that, and I could make one myself. Thereās no math involved or any hard things. Itās just like figuring out where money was transferred to (ex: bank account), but all transfers are public.
Thereās no obfuscation that can be reversed or whatever youāre calling it, just decoy transactions which are indistinguishable from outside. Good luck finding which one of those 16 transactions attached was the real one spent, and which one of those 16 transactions before the real spend was the right one, and so onā¦
I use Monero as a currency, not for trading and betting. Youāre not doing the same? Great for you, but donāt say it canāt be used like that.
I donāt use XMR, period. But thatās not the point here. The point is youāre just describing L1 networks, not anything thatās special about XMR.
Can you pay your rent with XMR? No. Can you pay for a meal down the street with XMR? No. Can you buy some physical item that you need for every day life with XMR? No. Can you pay your rent with XMR? No. Can you buy virtual goods with XMR? Yeah, probably. Can you buy anything you want with an app/service/offramp that converts your XMR to fiat and pays the vendor in fiat? Yeah, most likely, but then youāre using XMR as more of a savings account with variable interest.
Can I walk over to a BTC atm and purchase bitcoin in cash? Yes! Can I buy virtual goods with BTC? Yes! Can I pay for some physical goods with BTC? Yeah, maybe kinda, but also maybe not due to US laws and retailers wanting to comply with US tax code. Under the table? Sure, but thatās true of any crytpo or really anything. Find a cool rock? Trade it for drugs! Idk.
Not the most fair comparison but my point is that XMR and BTC function the same as far as it goes being a ācurrencyā. The only functional difference between the two is that one has more adoption, which is just a product of popularity and time. This may change for XMR. may change.
Cryptocurrencies were first made as currencies, as their name states.
And they still are? This a weird angle. I think you may be looking at a very narrow version of currency. Iām calling currency anything that can be traded for goods and services, ideally something thatās more useful than just trading it for more currency of a different type (convert to fiat).
But then, trading you are doing, are you not? Each time you buy XMR, you buy it in fiat, which is a trade. You then trade it back to fiat, which is another trade. The cryptocurrency is volitile, so timing it is important and now weāre betting.
Iāve never talked about security..
No, youāve talked about hiding your transactions, which .. is security. Security in your peice of mind that your transactions are private. Security by way of obsfucation, which isnāt security as Iāve explained.
Thereās no obsfuscation.. only decoy transactions.
You mean decoy transactions which are meant toā¦ obsfucate the true transactions? Thatās obsfuscation.
Look, Iām not a cop but I write code. An investigation would start with a real transaction that was flagged, likely via some automated means. If I were tasked with hunting this down, I would just need to write a script to do so. Youāre honestly making me want to give this a try, so if you feel you can point me in the direction of a good example that I could use as a challenge, let me know. No promises for any result any time soon but it would be fun to try to understand. My gut tells me that itās not only possible, but very easy to do.
Granted, as a human with only web based tools, itās near impossible, I understand what you are saying. But, some humans codeā¦
You "buy" fiat by trading your time (working). You see, if you use this angle, everything can be considered a currency or can be deemed as not a currency because you trade something else to get it.
I donāt get why youāre so obsessed with the term "security". No, privacy and anonymity isnāt linked to the security aspect of XMR transactions. It just feels like youāre being dishonest about it.
I code too, I know what Iām talking about, it isnāt for anything that even the US government is looking to identify XMR transactions
Listen, I told you the thing that made XMR a good choice for currency usage: itās the privacy aspect. You donāt want it? Good, XMR isnāt for you then. There are plenty of good alternatives!
Stablecoins can be controversial but are easy to use and you donāt really have to think. 1 USDT is 1 USD.
BTC is really known and accepted pretty much everywhere crypto is accepted, but has high fees and slow blockchain inclusion.
ETH is great forā¦ making shitcoins I guess? And itās nice that they changed to a more eco-friendly proof system.
LTC is BTC but with lower fees and fast blockchain inclusion, but it is less known.
Iām not trying to kill other cryptos, but I donāt get why youāre shit talking about XMR when you obviously donāt know the coin, and act like I said it was the best crypto in the world when I didnāt (although itās my preferred one), and act like I said it was more secure and other nice things that Iāve just never said, or didnāt word this way.