Hi all,
Tommy from AllArk here.
We have finally grown to a point that we are looking for support staff on Reddit (possibly twitter)
The basic qualifications needed are pretty simple
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Enough Karma to post on major crypto subs
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Ability to push out promo threads
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Polite and unbelievably based 😍
Please message us on Session to apply. Our contact details are front and centre’s on the website.
You can easily make $100 - $200 - $500/month just posting on Reddit a few times a month and answering questions. Payment is per-post and posts are approved by us.
Hope you have a great day!
Tommy from AllArk
If he wanted to know this - he would have searched it (or read a wikipedia article about xmr). You are feeding a troll (or a very dumb person)
Maybe you haven’t had your funds taken into custody yet. And by your funds, I mean the wallet that might host all the XMR for that network. Such is the case currently for polygon and USDT. It’s called crypto custody and I see no reason yet why XMR (another ERC20 token) would be immune.
https://www.coindesk.com/learn/what-is-crypto-custody/
Get your head out of your ass.
Assuming that you’re not joking… what you’re wondering is actually very important: the difference between so-called custodial wallets (aka hosted wallets, web wallets) and non-custodial wallets (aka unhosted wallets, self-hosted wallets). I think at least a few people have their Monero in so-called custodial wallets with CEX, and they do have that risk you’re talking about.
Mathematically, a “wallet” is just a secret key. It’s a random-looking big number (better known as seed words). If you’re familiar with PGP or SSH, it should be obvious for you that you don’t share your secret key (private key) with anyone else. You’ll generate your key pair locally, and only share your public key. If you do that, no one but only you can control your key. It’s like a password. The same is true about cryptocurrencies. You’re not supposed to share your secret key (your “wallet”), be it Bitcoin or Monero. There may be some exceptions, but normally it’s cryptographically absurd to let someone else “host” your secret key while you don’t have “your” own key. In such a situation, “your” wallet is not even yours to begin with.
On the other hand, if you have your own secret key (as you should), then it’s computationally secure, meaning it’s believed to be hard to “crack” your wallet.
Being computationally secure does not mean it’s absolutely secure. In real world, there are non-mathematical attacks too (e.g. physical, political, legal). So you’re right. Anything is not perfectly secure. But if you have your own key and no one else even knows that you have some Monero (i.e. no-KYC), then you see it’s not easy for anyone to steal or freeze your Monero. This comment has nothing to do with whether or not I support AllArk.
I am not joking nor am I talkiny about custodial wallets. Rather, my wallet was non custodial (rainbow wallet). My funds were on polygon, in a pool on quickswap. Suddenly the pool was closed and all USDT on polygon was gone. This happened a few months ago and I doubt I will ever see my money again. A stablecoin custodian froze the funds… all USDT on polygon, and lots more on other networks. Again… my wallet was non custodian but the wallet that held all funds for USDT on polygon (not my wallet obviously) was frozen.
"Hmm, I have a non custodial wallet, you see, but my crypto was not on it, and I lost my crypto.
This means non custodial wallets don’t work as they can’t secure coins that aren’t on it! Bad wallets bad crypto!"
Jokes aside, how can you compare another coin with Monero and say they are the same shit? There’s no lightning network or pool or any shit I don’t know that holds your coin with Monero, you either have it and fully own it on your non custodial wallet, or you don’t.
So you’re telling me you only exchange XMR on the monero blockchain and don’t move it to other networks to invest? Excuse my lack of knowledge in L2, L3 networks but it seems to me that if you are just keeping your funds on the monero blockchain then you’re not using your funds, you’re just holding. If you’re just moving from fiat to xmr on monero, what good are your funds?
Now if you move some of your XMR to ethereum or polygon or any off-chain network, you can use your funds but your funds are as secure as any other ERC20 token, they don’t get some magical protection because they are XMR. If they are off chain, then there is a smart contract representing your funds off-chain and those funds can be frozen.
Well, here is your problem. Don’t move your coins off chain.
You see, people here use Monero as a currency and not mainly for exchanging and betting on what the price will be.
Coins are for hodling. Currency is for using.
Do any places accept monero on the monero chain? I have yet to see any. Can you do anything besides exchange for fiat (which is actual currency)? So far I am seeing that as a “no” which makes XMR about as beneficial as a savings accout, but with more volatility.
Mullvad is a great exemple, there is also njal.la hosting, and there was a website with all sites that accepted Monero that was around.
Or, you know, all the hidden and dark net markets use BTC and XMR
Occasional payment between individuals, or payment through websites that have crypto payment processors. I bought something on instant gaming with LTC for example.
wow, such noob
Yeah I am an idiot.
XMR is not some crap ERC20 token. It is actually what you think BTC is.
Yet not immune to freezes I see.
Unlike ETH, XMR is unstoppable.