8
submitted 1 month ago* (last edited 1 month ago) by XmrLovingAncap@monero.town to c/monero@monero.town

So I got some stats from one of the bigger vendors at PorcFest this year:
Percentage of revenue:
Cash 72.2%
Goldbacks 11.77%
Monero 5.42%
Silver 4.44%
Zelle 2.69%
Bitcoin Lightning 1.82%
Bitcoin Cash 0.62%
Litecoin 0.56%
Bitcoin 0.47%

The vendor accepts any crypto. Over the years he also received Dash, XRP, Doge, TFuel and ETH.

The percentage of crypto sales in general was:
~7% in 2022
~9% in 2023
~9% in 2024

So the numbers, only looking at crypto, are:
XMR 61.0%
BTC LN 20.5%
BCH 7.0%
LTC 6.3%
BTC 5.3%

20
submitted 1 month ago* (last edited 1 month ago) by XmrLovingAncap@monero.town to c/monero@monero.town

Holy! I might be a bit late to the party, but I just checked the recent numbers from ShopInBit.com for june:

#Monero 74,54 % 👀🤯🥳
#Bitcoin 23,64 % 😂
#LightningNetwork 1,73 % 🤣
FIAT 0,08 %

https://xcancel.com/shopinbit/status/1811651225005195471

Also they said if Monero surpasses the volume of Bitcoin in the next two month, they change their bio to "Europe's biggest Bitcoin and Monero Store" (which should obviously name Monero first but whatever xD).

Btw the numbers for coincards.com show a similar but not as devastating picture:

#XMR: 34.4%
#BTC (Onchain): 25.96%
#USDC: 20.20%
#ETH: 9.84%
#LTC: 2.49%
#Solana: 2.31%
#Dogecoin: 2.09%
#LightningNetwork: 2.08%
#USDT: 0.58%
#Dai: 0.04%
#Matic: 0.01%
#Dash: 0%

https://xcancel.com/CoinCards/status/1809702144288882870

[-] XmrLovingAncap@monero.town 5 points 5 months ago

Oh wow, it's already funded xD

Important milestone that needs to be researched for FCMPs. Let's hope they find a proof!

[-] XmrLovingAncap@monero.town 5 points 5 months ago

Why should the goverment stop at the point where they can see your incoming balance? They probably gonna outlaw it completely.

If you still believe a monopoly on force (aka goverment) is A: warranted and/or B: needed I can't really help you.

The state is the biggest threat to our liberty and well being. Monero is here to help us get rid of it (or to just get our well deserved freedom back).

They're going to introduce their CBDCs so they're able to see every transaction (in- and outgoing). To automatically deduct taxes and block you from transacting completely if you don't comply.

[-] XmrLovingAncap@monero.town 4 points 5 months ago

While I agree that a transaction is mostly the business involving the two parties transacting, they still need to adhere to the network rules. And that's were the miners step in. They don't care which two persons are transactig as long as they pay for it and it's in general a valid transaction (according to the network rules).

[-] XmrLovingAncap@monero.town 5 points 5 months ago

As far as I know PoW leads to more decentralization (especially in combination with ASIC resistance) and therefore a more secure network. Energy efficiency comes through advancements in chip manufacturing.

43
submitted 6 months ago* (last edited 6 months ago) by XmrLovingAncap@monero.town to c/privacy@lemmy.ml

I was kind of blown away to what length the developers go to ensure your communication is as safe/secure as possible (while still delivering a very useable app).

16

I was kind of blown away to what length the developers go to ensure your communication is as safe/secure as possible (while still delivering a very useable app).

[-] XmrLovingAncap@monero.town 6 points 6 months ago

Another full node selfhoster here. I did not notice any problems for me (except some transactions taking some time for confirmations), but I tried to onboard someone earlier and wondered why his freshly installed cake wallet acted weird. You might be onto something about official/public full nodes being overwhelmed or something.

[-] XmrLovingAncap@monero.town 9 points 7 months ago

Are you aware of Localmonero? Also with services like Allark, Coincards, ShopInBit, ProxyStore, Monezon and AnonShop I don't really see a big problem of converting your XMR into fiat or products you need :)

[-] XmrLovingAncap@monero.town 4 points 8 months ago

I know that localmonero offers an api that gives you a price based on the trades on lm. https://localmonero.co/statistics

I have no idea tho if there's a way planed to check for average price in haveno or serai.

52

https://nitter.net/watchfund/status/1732391070216908886

Either a whale was generous or the hacker felt bad? 🤔

[-] XmrLovingAncap@monero.town 5 points 9 months ago

How instant? Monero transactions can be seen in seconds (in the mempool) which is okay for smaller transactions. And 1-2 confirmations take roughly 2-4 minutes which is recommended for bigger transactions. So still pretty fast for real world stuff.

And what is your reasoning for PoS > PoW? I'm very curious!

[-] XmrLovingAncap@monero.town 4 points 10 months ago

Lost it all in a boating accident :(

[-] XmrLovingAncap@monero.town 4 points 11 months ago

Primarily localmonero.co

[-] XmrLovingAncap@monero.town 4 points 11 months ago

Thank you for the info! Great to hear. I'm not so worried about a delay. I'd rather wait a little more, donate some more and get even better tech :)

[-] XmrLovingAncap@monero.town 4 points 11 months ago

Commis can't compute that I'm afraid 🤡 Take my upvote brother!

19

Just stumbled upon this video. Never heard of this channel. But the explanation of Monero and some of it's features are pretty good.

view more: next ›

XmrLovingAncap

joined 1 year ago