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Thread: Cake Wallet - Monero Atomic Swaps

  1. #21
    Unobtanium Shami-Amourae's Avatar
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    Re: Cake Wallet - Monero Atomic Swaps

    TxStreet now supports Monero.
    Previously they've only supported Bitcoin, Bitcoin Cash, and Ethereum.


    Here's a link showing what's going on with Monero versus Bitcoin live:
    https://txstreet.com/v/xmr-btc


    This website has been around for a long time too, so the fact their adopting Monero over all the other coins should give you an indicator of the shift I've been trying to tell you guys about.
    Notice how each block automatically scales with every transaction, and how the fees are all fractions of a penny.

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    Chatmaster Flash vacuum's Avatar
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    Re: Cake Wallet - Monero Atomic Swaps

    Damn, Pirate Chain is going parabolic.

  3. #23
    Unobtanium Shami-Amourae's Avatar
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    Re: Cake Wallet - Monero Atomic Swaps

    Here's a copypasta on Pirate Chain floating around /biz/
    Pirate Chain is no more than a pump and dump vehicle for the Komodo platform and Asic miners.

    - The blockchain launched three years ago, and has already mined 90% of it's total coins. Not even bitcoin has reached this percentage yet. The vast majority of these mined blocks are completely empty outside of a single transaction (being the block reward) giving the owners of these block rewards an overwhelming supply to dump on investors.

    - Pirate Chain has a convoluted mining system called "DPow". The easiest way to explain DPow is its Proof of Stake (notary nodes) mixed with Proof of work (Asic miners). The block reward is dominated by ASICs who have hoarded the entire supply, presumably in collusion with the owners through their dex.

    - Can you run a notary node? Nope. There are only 64 notary nodes, and the only way to vote for these nodes is during annual elections if you own KMD, the cryptocurrency based on Komodo. One KMD = One vote. Good thing you hold ARRR!

    - Oh, and did I mention the creator of Komodo, Jl777, is a known scam artist who loves premines? KMD, by the way, had a 100,000,000 premine out of a total supply of 200,000,000.


    - What about the product? Pirate Chain has not developed a single technological innovation. They have not published any research or have influenced any other chains. Their entire project is based on the success of Zcash -- literally, Pirate Chain needs a shitcoin like Zcash to innovate for Pirate Chain's project to even survive long term.


    - And if it can't get any worse, the technology behind Pirate chain privacy, zk snarks, requires what is ironically called a "trusted setup", because you need to trust that the developers had destroyed their private keys during the setup ceremony. Otherwise, they will be able to create coins out of thin air. Nice job doing research on this you retarded butt pirates!

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  5. #24
    Unobtanium Shami-Amourae's Avatar
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    Re: Cake Wallet - Monero Atomic Swaps

    Hackers attempt extort Apple for $100 Million of Monero for data they stole and plan to leak out.
    https://twitter.com/thenewsoncnbc/st...41341817180170

    Notice they don't want Bitcoin.

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    Unobtanium EE_'s Avatar
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    Re: Cake Wallet - Monero Atomic Swaps

    Quote Originally Posted by Shami-Amourae View Post
    Hackers attempt extort Apple for $100 Million of Monero for data they stole and plan to leak out.
    https://twitter.com/thenewsoncnbc/st...41341817180170

    Notice they don't want Bitcoin.
    Notice they don't want cash, or money from a bank account. They would have to meet for cash and the FBI would be involved if ransom money was coming from a bank.
    Cryptos are perfect for extortion.
    DON'T TAKE THE VACCINE!

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    Unobtanium Shami-Amourae's Avatar
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    Re: Cake Wallet - Monero Atomic Swaps

    Dr. Daniel Kim presents the case why Monero is the perfect money.

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    Unobtanium Shami-Amourae's Avatar
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    Re: Cake Wallet - Monero Atomic Swaps


  11. #28
    Unobtanium Shami-Amourae's Avatar
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    Re: Cake Wallet - Monero Atomic Swaps

    Built in Atomic Swaps should come out later in the year from a project called Haveno.

    Haveno will allow built in decentralized, and trustless Atomic Swaps, as well as fiat onboarding/offboarding. People can send others bundles of physical cash in the mail and back, as well as swapping for other cryptos. I expect this to start mostly with criminals and cypherpunks, but this marketplace can really grow into something more Normie friendly over time.

    This will speed up the adoption of Monero, and should continue to solidify the underworld/black market. I believe strongly the black market continue to use Monero, and it will grow immensely as a preferred method of exchange. This will be the foundation where real crypto commerce begins without taxation. This will all happen while government scrutiny will clamp down on crypto holders since the governments will be desperate after destroying their currencies for more taxes.

    I believe the true bull run for Monero is in the next 3-10 years potentially. Accumulate until then.

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  13. #29
    Unobtanium Shami-Amourae's Avatar
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    Re: Cake Wallet - Monero Atomic Swaps

    https://dailyhodl.com/2021/04/16/cri...tor-heres-why/

    Criminals Are Abandoning Bitcoin, Says Former CIA Director – Here’s Why

    The former CIA director says online darknet marketplace (DNM) White House Market and ransomware-as-a-service group Sodinokibi are now only accepting privacy-focused cryptocurrencies for payments.

    “The prominent DNM ‘White House Market’ has moved to accepting Monero (XMR) exclusively. Similarly, the ransomware group, Sodinokibi, no longer accepts Bitcoin as payment and will only take Monero.”

    According to Morell, Bitcoin’s publicly available and verifiable blockchain makes it ill-suited for criminal activity.

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    Re: Cake Wallet - Monero Atomic Swaps

    I agree.

    I think that the big thing in the 2020s is going to be currency crisis. All the PoW cryptos will do great imo. Btc, dash, bch, ltc, xmr, and whatever else. There will be a government crack down as the old system dies, and hence the supremacy of xmr.

    We’ll all be criminals when the draconian currency, taxation, and price control laws come into effect.

    Currency collapse happens in 2 to 4 years imo.

    After the world begins rebuilding, then all the other cryptos will be what grows. But to get there you need cold hard coins.

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