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I'm gonna be honest I didn't understand jackshit from your reply. So I won't comment on it, maybe my US-english-rant-comprehension skills are not the best. I'm not saying it's wrong, I'm just saying that I did not comprehend it due to language barriers.

However, ditching the Dollar will not make "rich" people broke. It will make the average person that doesn't ditch the dollar in time, broke.

If people ditch the dollar (or any fiat for that measure), you will have 3 types of people:

1. The early adopters of this new money (hopefully Monero), which will end up with a lot of purchasing power
2. The people that don't believe in it, that kept most of their money in their bank account which is now worthless - This is the average person. It's your mom who spent 40 years working to save 100k to retire, which just became worthless now so she can't retire.
3. The rich dude who is worth millions or billions, but has probably less money in his bank account than your mom, since most of his wealth comes from real estate, company stocks and other types of investments, and bussinesses that he owns, that generate either dollars, or whatever people decide to pay in at the moment. If people migrate to Monero, it will be Monero. So this guy will not be thaaat affected by the change.

I agree with you that we should "ditch the dollar" or the Euro in my case, but it will not be beneficial for most people in the short term as you might think. At least that's my opinion.

It will be beneficial for them if they manage to swap their assets into Monero in time, but not otherwise.

Quickly googled about rsyncing big files. It is aparently slow, as it must checksum the whole file.

My guess would be that: If both blockchains are NOT pruned, then it should be fine but super slow If they are pruned, then since the pruning involves randomness, I guess it would be useless to rsync them. Because the history will be different.

My bet is that a normal copy would be better.

Transactions may become less private. This could deter users who value the anonymity offered by cryptocurrencies like Monero.

Ah yes I'm sure that the USA's new definition of "Money" will make the Monero chain less secure and private.

Maybe Monero-Chan will feel threatened and start leaking our transactions to the FBI or something.

No but for real, this cannot "deter users who value the anonymity of Monero". No, it should do literally the opposite. If crypto becomes less private, it should make users more prone to XMR because it spits on the face of all these regulators

Literally just make a new wallet, as everyone else in this thread (including me) did. Of course no one is going to post here their regular use wallet (if they even had one to begin with)

Why Ethereum? Isn’t possible to do it on RandomX?

Eh... no? Because the Monero blockchain has no support for custom tokens...?

Also, why limited supply? XMR ≠ BTC.

Because this is not XMR? It is literally just a memecoin.

Why the F will you sell JPEGs with the Monero mascot that I can download off of Google images for free?

Because people are stupid and they like the NFTs. Besides it's not about "having the JPEG", more of "owning it" I would guess.

Is there a guarantee this won’t be a Pump-and-Dump? Also, why is this pinned?

Probably not. Again it's just a memecoin, play the game if you want, or don't. Up to you.

I'm not related to this project but I don't think it is such a bad idea. Just don't play the game if you don't like it. It is not even in the Monero blockchain so what harm can it realistically do to us?

Edit: Formatting

I would even argue that having multiple Haveno networks working together is unsafe. Because I would be able to create a Haveno network where the arbitrators and offer makers are colluding together and post those offers in the global Haveno network.

Then you from Reto would see my offers in my poisoned network and would be able to take them, and I could cam you. If that makes sense.

However with the current system, if you trust the Reto guys, then you just use Reto. If people stop trusting them, they will just spin up a new network.

The only downside I see to the current system is that if Reto goes under, then we are back to square one: Getting everyone onboard a new network once again from scratch.

Perhaps a future update of Haveno could add such "federated style" networks where you can see offers from different networks if it is done in a safe manner. Being able to ban or accept different networks to avoid poisoned ones.

Then if Reto goes under, not all is lost.

This sounds interesting. I'm up for the free tokens, and might grab some extra ones later for the meemz :)

0xA4E16089D807F2B52353E193D637EB1FAA6DD6bA

You cannot set an offer without a security deposit. Minimum is 15% of the trade amount. You can specify an even larger percentage when creating the offer.

When taking the offer you must agree to whatever security deposit percentage the creator of the offer has set.

But the idea is that scamming in Haveno is unprofitable (or risky I guess) because you risk losing your security deposit, yes

Its not about reversibility.

Let's say you and me trade BTC/XMR.

When we start the trade, both security deposits + the trade amount in XMR get locked.

If I'm offering the BTC, then if I never send the BTC you just never release the coins. In this case you call the arbitrators, you prove you never received the coins, they will unlock the funds and since I am trying to scam you, you will get a refund of your XMR, your security deposit, but also my security deposit, so I lose the deposit.

If you are offering the BTC, let's say you send them to me but I claim I never received them. Then, again you call the arbitrators, you prove that you sent them to me, they will unlock the funds, and you will receive either your security deposit, or that PLUS my security deposit, or maybe even the whole trade amount (which were my coins, but I tried to scam you, so I lose them)

So the security deposits are in place to try to make it unprofitable to scam people in this situations.

Actually, since a bank transfer is reversible, security deposits do not really give safety in this case. We can do a trade normally, I send you 300$ and you send me 2 xmr, and I can contact the bank 2 weeks later saying someone hacked me and get my money back while I still hold the xmr. So this is always a risk. That's why cash is always better, but personally I have used haveno a few times and never got problems.

They add support for USDT I assume, as there is no support yet. Weird wording I agree

Yes you can just say that.

1. If someone knows for a fact that you have Monero and they know the exact amount, and want to know where it came from:

   • Move them to a new wallet
   • I mined these coins a very long time ago, I do not have the mining equipment anymore
   • Also the wallet I used to mine them was on an old computer that got infected so I moved all to this new wallet

2. If someone suspects that you have Monero but does NOT know how much:

   • Imagine you own $10k in Monero
   • Move a small amount to a wallet ($200??)
   • If authorities ask you how much you have, show them the wallet with $200.
   • Go back to scenario 1 (I got those 200 from mining a long time ago etc etc)

3. If no one suspects that you have Monero, and for now you are "in the clear":

   • Follow good opsec
   • Do not tell anyone that you have Monero
   • Do not exchange that Monero for fiat using KYC services. Always use something like Haveno, or use the Monero to buy prepaid cards anonymously to use in shops
   • If someone starts suspecting that you might be using Monero but does not know how much, revert to scenario 2

Of course it is better if you avoid anyone knowing you have Monero altogether.

Remember that you always have the option of moving them to a new wallet, say you got hacked and have no access to it.

Of course all this depends on your country and how authorities are there. If you live in a very authoritarian area where authorities do not care about evidence and they only care that "you look guilty", nothing will save you. If you live in a country where you must go to court and be proven guilty, I think with Monero its pretty easy to do any of those steps and cover your ass.

But as always, try to not be discovered using Monero in the first place

Yeah you could say that, but as said in another comment, just transfer them to another wallet and claim you lost them in a hack or accident 😄