• 4 Posts
  • 9 Comments
Joined 4 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.




  • “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 😁


  • 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.