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Cake day: June 26th, 2023

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  • frogmint@beehaw.orgtoMoneroLarge loans in monero
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    8 months ago

    Well you don’t want to lose Monero and you don’t want to lose fiat, but you can’t have both. XMR isn’t a stablecoin.

    If it matters more to you that you get your XMR back, then require XMR payments. You need to include the XMR volatility as part of the interest rate calculation.

    If it matters more that you get your fiat back, then require fiat-equivalent in XMR payments.

    Or, demand you get either XMR or fiat back, whichever is higher. But I don’t think a borrower would like this. Tesla did this when they let you pay in BTC; Tesla reserved the right to refund you in whichever currency was cheaper. For the consumer, it a bad deal.






  • For fairness, here is Tuta’s response to the allegations: https://tuta.com/blog/tutanota-not-a-honeypot

    There really is no way to verify that any email service isn’t a honeypot. Even if you open source your server code, that doesn’t mean it’s what’s actually running on the server. They could publish served code then be running totally different code on their servers with no way to tell.

    Tuta’s biggest weaknesses for me right now are the seeming lack of independent audits and the lack of interoperability for encryption. Proton is the biggest competitor and seems to have both. However, Proton has grown more in the way that a honeypot would, adding VPN, cloud storage, password manager, etc, so more data collection points. Tuta is still email, contacts, and calendar.













  • frogmint@beehaw.orgtoPrivacy@lemmy.mlThoughts on Cryptocurrency?
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    9 months ago

    BTC, ETH, and XMR are the only ones that matter. Some stable coins (USDC, GUSD) are okay, too.

    BTC (Bitcoin) is good because it’s the most widespread. If a vendor accepts crypto, odds are they accept BTC. However, the blockchain is easily traceable.

    ETH (Ethereum) is good because its blockchain is far more versatile, so it can be used for other things than just crypto payments. However, it’s less widely used for payments than BTC and is also easily traceable.

    XMR (Monero) is excellent. It’s extremely difficult to track an individual user. Your transactions are private. There are some possible attack vectors for the future, but they’d require that you be an actual target to be worthwhile. Someone that’s going to track you is going to find a different way than XMR to do it. XMR isn’t as widely used as the others, though, and it’s also not on as many crypto exchanges. Kraken has it.

    However, crypto as an investment is not a good idea. Spend your crypto.