• 5 Posts
  • 17 Comments
Joined 7 months ago
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Cake day: May 22nd, 2024

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  • Going through this book at the moment, it is very insightful. Don’t steal it though, support people who are contributing to defi and wanting to build crypto economies!

    A quote from the book that made me see the importance of the CCS and crowdfunding in general for Monero:

    For most cryptocurrency projects, not just Bitcoin, developers call the shots. And notably, software developers don’t finance themselves. They have to get paid somehow. Therefore, the real power dynamics within a cryptocurrency projects are determined by how its software developers make decisions and get paid. The history of BTC is a cautionary tale of what happens when the incentives of developers become misaligned with the rest of the network.




  • MoneroMasterOPtoMoneroMarketing Monero
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    7 months ago

    “out of the box solution for business owners like a POS software or even a little hardware gadget.” this was one reason I started Monero Master, was to help local businesses set up payments should they need assistance.

    One thing I’ve been thinking of, let me know if you think it’s a bad idea, is to create a “crypto tip” business card, the idea is that when tipping someone in the service industry you would first offer them crypto, when they say they don’t have any you offer them a fiat cash tip and then hand them the card which has a QR code to a website that gives them a step by step guide on how to get set up. At that point, if you are local, you could say that if they serve you again in the future and you go to tip them in crypto you will double their tip.

    "By the way, is the monero network even prepared for such a thing in terms of speed? " this is a good problem to have 😁


  • MoneroMasterOPtoMoneroMarketing Monero
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    7 months ago

    I agree, however, this can be rather challenging to communicate and convince people of due to the vast amount of social engineering people have been exposed to via centralized information systems.

    Imo it’s better to focus on the direct and immediate benefit to the individual as to encourage mass adoption. It will be much harder to pass and, more importantly, enforce laws that restrict/limit defi if more people are using Monero for legitimate and legal business.





  • The pledge listed here is more a “word is my bond” social agreement to get folks thinking of a Monero to Monero economy, rather than a financial pledge or investment to me.

    I don’t have, nor do I plan to collect fiat subscriptions with Substack. At this point in time I’m using Substack more for convenience to test a concept. I’ll invest capital into infrastructure if people find what Monero Master is doing helpful enough ☺


  • Thanks for your input - this pledge does not exclude people working with Fiat, it’s more so that they keep Fiat with Fiat and Monero with Monero.

    Not all businesses will be able to do that and that’s ok, some will have to limit the number of clients they take this way but it’s still a good step to get the Monero culture moving in that direction 😁



  • Hi Nihilist, I recently saw your Haveno demo on Monero Talk, good job! Thanks for contributing helpful resources to the community, we need more of this.

    One thing I try to keep in mind is that if we get to a stage where governments are holding citizens in embassies without pressing charges for decades, arresting developers for “conspiracy” to commit crimes, etc. then plausible deniability is not really applicable anymore. Plausible deniability assumes courts are seeking justice instead of following orders.

    I’ve recently been studying the GULAG system of the USSR and it’s amazing how everyone knew that their mock trials were a show and that the vast majority of people in the forced labor camps were innocent. The good news is that these types of systems can never endure any significant longevity. Compare the length and legacy of the USSR to the Roman Empire and it’s a laughable comparison.

    That being said, your suggestion for a decoy is a good system to implement for added security indeed. Thanks for sharing Veracrypt, I was not aware of this particular encryption method. I’ll need to compile a list of other encryption systems for people to investigate if they want something more complex/robust as I’ve received a lot of feedback about this.

    It might also be worth considering creating a dummy seed that is kept in a safe, so if a thief was to break in and access it you would have misdirected them from your true seed hidden in another location.




  • Thanks, glad you found something useful in it.

    I’m not sure, I’ll have to look into polyseed. I guess the over all point is to take elements of this and make it your own :)

    My key focus, as you pointed out, was not to use any third-party software or technology. Trying to think of a “worst case scenario” that provides decent encryption while also only needing a memorisation of a short password and a pen/paper. You could write out the Vigenère Table by hand if you really wanted to.

    Next, in this line of thinking, I’ll do something on the Playfair Code which was used by the British during the Boer War and by German spies during WWII