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janowitz @ janowitz @monero.town
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2 yr. ago

Monero based multisig escrow

  • This is a great idea for a service, however it needs to establish trust that it's not colluding with anyone. If it was a well-known member of the community, it would most probably be more convenient than it is now. Anyway, lowest amount you can secure is 1 XMR but your fees up to 1 XMR are 5% but there is 1 XMR min? All in all the fees seem reasonable.

    • Apparently Coinsbee has temporarily disabled Monero

  • Fully agree, every merchant is a loss, when there are so little...

    • Yesterday first time for more than 3 months more than 25,000 tx a day!

  • Was Tor2door a significant player? I really don't understand why nowadays markets without payments "per order" and multisig escrow still are a thing.

    • Monero @monero.town
    janowitz @monero.town

    Yesterday first time for more than 3 months more than 25,000 tx a day!

    Has something relevant been released or happened explaining the spike? Or is adoption finally incoming?

    How did you even come across XMR?

  • I came across Bitcoin in 2011 when Paypal freezed my business Paypal account and a mid-5-figure amount for 'at least 6 months' for selling Absinthe which is perfectly legal in Europe and more than a year ago they audited my shop and approved it manually. I had to hire a lawyer to get my money out without waiting their insane 6 months, their revenge was cancelling my private account and my girlfirends' too and giving me a lifetime ban without notification, but I tried to activate it again and writing to support even after 10 years, no chance.

    Well, Bitcoin didn't work well back then (and doesn't until today in my opinion), but despite the fact I was selling my stuff with some other credit card and bank processing, I stayed in Bitcoin for years. Until the block size wars went insane and I proposed to solve it by doubling the block size every halving but have been laughed at by several Bitcoiners I respected until then. But I was pretty sure, I can't be the only one to think a fixed variable for the space available for transactions and searched for other proposals... Until I came accross Monero in 2016.

    Until then I was a Bitcoin maximalist, since pretty much all coins had some kind of scams built in and I started searching for the scam in Monero... And I'm doing it until today!

    • SMS Providers (For OTP Verification) that accept Monero

  • AnonIndustries recently launched https://phantomphone.app/ with competitive pricing if you ask me.

    • Monero.Town is back (and on Lemmy v18) 🎉

  • Welcome back, was nice to meet all of you guys on MoneroKon and I wouldn't have time anyway to look into the internets due to the full schedule...