this post was submitted on 27 Jul 2024

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Monero

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A federated localmonero (lemmy.dbzer0.com)

submitted 3 months ago by [email protected] to c/[email protected]

37 comments fedilink hide all child comments

With localmonero shutting down, what would be the challenges of creating a federated version of localmonero? Traders and buyers can have accounts at different servers but still be able to trade each other and see each others' listings.

The pros i can see are: It would be harder to stop without a single point of failure, and brave server maintainers can host their services in different jurisdictions to prevent legal troubles. And it would be very difficult to prosecute server admins, as they aren't the creator but merely hosting a site.

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[–] [email protected] 1 points 3 months ago (1 children)

Bisq and then change to XMR on other DEXes

[–] [email protected] 3 points 3 months ago (1 children)

Just use Haveno to buy XMR directly, way cheaper and quicker than dealing with bisq and BTC transactions.

[–] [email protected] 1 points 3 months ago (1 children)

He wants a DEX which is easier to set up

[–] [email protected] 1 points 3 months ago (1 children)

Haveno is literally just a .exe you run. Looks like he wants a DEX with NO setup.

[–] [email protected] 1 points 3 months ago (1 children)

I guess. LocalMonero was an online account

[–] [email protected] 2 points 3 months ago (1 children)

And what is easier to take down, a website or a decentralized network of nodes?

[–] [email protected] 1 points 3 months ago (1 children)

I didn't ask the question lol. I'm just waiting for reto to be more mature before I step in. I wish Bisq would do XMR. Do you know of DEXes which would p2p swap bitcoin <-> XMR?

[–] [email protected] 1 points 3 months ago

Reto has been working pretty well for me. Sure, startup can take a while but I've heard they are migrating all the seednodes to tor pow which should help with the ddos attacks.