01:11:41
ofrnxmr:xmr.mx:
snake: for fiat > xmr?
01:12:43
ofrnxmr:xmr.mx:
A cex will charging close to or potentially more than that. Idk why ppl act like you can swap fiat -> xmr on a vex @ spot price, theres always a premium
01:12:53
ofrnxmr:xmr.mx:
on a cex*
11:04:12
leonardus:
I get too bored https://usercontent.irccloud-cdn.com/file/TixHQcR6/image.png
13:12:35
dufebo98:
Who is behind HyperWagyu? His Wrapped Monero (XMR1) on Hyperliquid now ranks #4 in volume – any rug pull concerns?
13:14:41
Cindy_:
yes i have a concern
13:14:43
Cindy_:
why are you shilling
13:14:55
Infinity8:
I'm having a lot more blocks from my monerod client compared to usual. Would adding these to my blocklist.txt be much off a loss?
13:14:55
Infinity8:
<Infinity8> Currently using: https://github.com/Boog900/monero-ban-list/blob/main/ban_list.txt
13:16:32
Cindy_:
but if you're not affliated with this hyperwagyu guy
13:16:44
Cindy_:
wrapped XMRs are 100% always a scam
13:16:51
hooftly:matrix.org:
https://blog.can.ac/2025/12/20/reverse-engineering-hyperliquid/
13:16:52
hooftly:matrix.org:
Centralized order book that can be rugged at anytime
13:17:23
Cindy_:
lol not only that
13:17:44
Cindy_:
monero's chain is incompatible, so there is no way to actually make a decentralized wrapped token of XMR
13:17:50
Cindy_:
someone has to be holding the XMR
13:18:44
hooftly:matrix.org:
you can but it requires it own validator set (think serai) and network
13:21:09
Cindy_:
hooftly: serai relies on stakes
13:21:21
Cindy_:
like people holding liquidity hold money as collateral
13:21:42
Cindy_:
the problem with these wrapped XMR tokens, is that there is no collateral, no accountability
13:21:54
hooftly:matrix.org:
How do you thinl XMR will trade? It issues a wrapped version
13:22:25
Cindy_:
yeah but what liquidity is backing up against that wraped token?
13:22:40
Cindy_:
they don't even need to rugpull the wrapped token, they can rugpull the underlying supply
13:22:45
Cindy_:
and the wrapped token becomes worthless
13:25:06
hooftly:matrix.org:
wrapped does not imply un collateralized thats all in the syestem you decide to build. Disclaimer: i attempted a version once upon a time and started working with a custodian but they delisted XMR and it died.
13:25:06
hooftly:matrix.org:
Bitgos WBTC is fully collateralized but they are also fully compliant and regulated.
13:25:06
hooftly:matrix.org:
That being said from ehat I can see this version is just some dude saying trust me bro. It will probably end bad
13:25:16
Cindy_:
imagine a water reservoir underneath a city, you can sell off the city, but people are most likely to notice that
13:25:44
Cindy_:
but you can sell off the underground water reserve under the city to some rich tech bro guy
13:25:54
Cindy_:
the city will collapse on its own
13:26:20
Cindy_:
hooftly: yes i know it doesn't imply uncollateralized
13:26:47
Cindy_:
but i'm talking about most wrapped XMR implementations
13:27:36
hooftly:matrix.org:
and Im not disagreeing. Only stating its possible in a centralized and decentralized manner. Just not easy in both cases
13:30:52
Cindy_:
it's all about trust in the end
13:52:14
riceandbeans:
i dont trust any wrapped assets
13:54:06
Infinity8:
Wrapped assets seems like an attempt to de-anonymize transaction by luring the user in with potential profit
13:55:59
hooftly:matrix.org:
Infinity8: This same outcome occurs using a CEX just saying...
13:56:30
Infinity8:
br-m: You say that as though I can still buy through CEX ^_^
15:06:55
icarolongo:
https://mrelay.p2pool.observer/m/monero.social/VpgXPVOucDojzCnSlrOVbdKw.jpg (IMG-20251222-WA0003.jpg)
15:07:25
icarolongo:
https://mrelay.p2pool.observer/m/monero.social/RgcadjsADdOwOlaGbstIdHey.jpg (IMG-20251222-WA0002.jpg)
15:07:58
icarolongo:
Feather Wallet on PinePhone
19:52:20
kowalabearhugs_:
The MAGIC Monero Fund (MMF) continues to seek support for our next project.... Monero Fuzzing Round 2: Adding coverage for Wallet, P2P, and FCMP++ https://donate.magicgrants.org/monero/projects/fuzzing-monero-2
19:52:46
kowalabearhugs_:
The MMF is also hosting an election in January for a new committee member. Voters and committee applicants have until December 31st to apply. https://magicgrants.org/2025/12/05/Monero-Fund-2026-Election
20:14:56
milas900:matrix.org:
What are security risks if we expose node to public ?
20:15:32
Cindy:
not much if you enable restricted RPC
20:16:08
Cindy:
but an example of an attack that could happen on unrestricted RPC, is a DoS attempt by making a transaction with tons and tons of outputs associated
20:16:24
Cindy:
s/making/sending/
20:17:16
deepzy99:matrix.org:
Should anyone use this hyperwagyu to buy?
20:18:22
Cindy:
no
23:17:14
321bob321:
@kowalabearhugs_: Maybe someone ping Doug
23:18:30
Cindy:
who are these people asking about hyperwagyu
23:18:46
Cindy:
while i can't even a single search result
23:19:06
Cindy:
i highly doubt that these people just stumbled upon whatever stuff out of nowhere
23:44:43
spvce:spvcer3ii.space:
Cindy: Perhaps its a scam?
23:45:02
spvce:spvcer3ii.space:
Not really sure, but I'll probably look into it myself. Looks like a scam to me.