Oddbean new post about login | logout It is really hard for normies to buy monero. The persecution has been quite heavy this year, managing to get it delisted from Binance and then forcing to close localmonero.co We really need a decentralized way for normies to exchange fiat with XMR that is bulletproof.
I don’t disagree but there are still many exchanges on which you can swap Bitcoin for Monero. If a user can’t even do this then yes he’s a normie but normies wouldn’t understand why they would need Monero in the first place.
Normies need it for donations. Many groups with wrong opinions are now asking for donations in monero to protect both the donators and to keep privacy on the donated values. It is difficult for donators to convert bitcoin to monero on some unknown chinese site. In the past was simple enough, head to localmonero and find a local dealer.
The ultimate goal is to develop the circular economy for #Monero so there is less of a need to convert back to another currency.
it already exists at https://haveno-reto.com. You do need 0.11 for the security deposit, but that can be gotten with either XMRBazaar or the get your first monero rooms on SimpleX or Matrix
Thanks, didn't knew Haveno was already working. Will test it.
Also on this topic, woudln't this kind of transaction with an arbitrator already be possible with the nostr NIPs?
Yep, it's been running for just over three months already and has like 650 transactions.
I don't know nostr well enough to say whether it would be possible or not.