KYC exchanges, are going to be worse than traditional bank accounts.

That’s madness. Asking people to prove where funds come from + their identity for finally freezing their savings like that.

The Monero community is getting immune from this with haveno & AtomicSwaps. SeraiDEX soon :)

  • shortwavesurfer@monero.town
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    1 month ago

    Not your keys, not your crypto. Why this person was stupid enough to leave that much money on an exchange is beyond me. An exchange is like a public toilet. You get in, do your business and get the fuck out. You don’t hang around in a public toilet. People like this unfortunately have to learn lessons the hard way.

  • Mango@lemmy.world
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    30 days ago

    It’s almost like people will take whatever they can get no matter what the organizational structure or who they say they are. Put the good guys in charge and you’ll find out how to make bad guys.

    • shortwavesurfer@monero.town
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      30 days ago

      That was just a person on dread spreading fud. I saw another post later that did a breakdown of everything that was changed in the code and there was no problems.

    • chillband@monero.town
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      30 days ago

      No, stop FUD. This was a post by some crack head on Dread that doesn’t understand shit about Haveno-reto network.

    • tusker@monero.town
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      30 days ago

      The state is too incompetent and lazy for that. That is only on TV shows. In reality they just wait until someone snitches or moves $10 million then they swoop in claiming they were “investigating” all along…

    • IP2@monero.town
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      30 days ago

      Unless we’re talking different things here, my understanding was that a large enough entity could theoreticaly control a large number of haveno accounts and collect all the off-chain data. Not strictly a haveno issue.