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haveno-dex / haveno

Decentralized P2P exchange platform built on Monero and Tor
https://haveno.exchange
GNU Affero General Public License v3.0
1.05k stars 120 forks source link

Exchange USDT TO Monroe #987

Open KTzer087 opened 6 months ago

KTzer087 commented 6 months ago

USDT TO MORENO

boldsuck commented 6 months ago

A few days ago we laughed about Tether in Haveno-reto SimpleX chat about: Tether has frozen $435M USDT A $websearch “Tether Frozen” provides enough arguments why we don’t have USDT. Accepting Tether in Haveno is almost like onboarding the FBI for Haveno arbs. ;-)

haveno-user commented 6 months ago

Against a market cap of $112 billion, $435M is about 0.4%. By market cap, USDT is # 3 after BTC and ETH; it's # 1 in volume today. I would rather let users make their own risk assessment than try to decide for them which cryptos they should ever use.

There's already been one effort to launch a purely-for-profit fork of Haveno. Refusing to list widely used coins is a great way to give them a foot in the door: They can bill themselves as the free-market fork that will list all the popular coins you don't.

boldsuck commented 6 months ago

I'm just a user, I don't decide anything. And if you didn't realize that your link to the purely-for-profit fork of Haveno is a SCAM, then good luck with that. And good luck selling your FBI, CIA & DOJ monitored coin in the Monero community ;-)

preland commented 5 months ago

If people in the community want USDT to be added, then it should be allowed as an option.

That being said, I have incredibly large trust issues with Tether in general, to the extent that I have only ever held any amount of Tether for less than 15 seconds on a CEX. I cannot recommend using USDT for, well, any purpose, but if others do not see it that way then it should be added (with exceptionally strong disclaimers, especially for a cryptocurrency).

Final-Phoenix commented 5 months ago

I agree. Users should be able to take on what risk they want.

If it's not for you then don't take a trade for USDT. There's plenty of digital fiat payment methods that already exist on Haveno that can be frozen just as easily as USDT.

boldsuck commented 5 months ago

Users should be able to take on what risk they want.

No, those who bear the risk have to decide.

The Arbs go to jail, not the users. Tornado Cash and Samurei Dev's are already in jail. It is the currency for organized crime, terrorism and warfare. The delisting is just beginning, in Europe Binance and OKX have started. And I think Tether is only allowed in the US because it is one of the largest buyers of US government bonds. I fear Tether will draw the attention of law enforcement agencies across the globe to the Haveno network. Haveno is primarily designed as an XMR-Fiat gateway for the Monero community, not as a general DEX, and is intended to serve the community well for many decades to come. Tether has high risk with 0 benefit for the Monero community.

As a general note, because many users often don't have stablecoins in their own wallet. Don't send any coins from a CEX directly to Haveno or Bisq!

Final-Phoenix commented 5 months ago

No, those who bear the risk have to decide.

I'm talking about risk of rugpull or being frozen. But I also think all involved bear some form of all these risks when interacting with any form of fiat period.

If this is true, how is the risk of the arbs going to jail different with or without USDT? "Criminals" can launder through whatever crypto or fiat method on Haveno that they want and arbs can wrongly be held responsible for that too.

Haveno is primarily designed as an XMR-Fiat gateway for the Monero community

If you are ok with allowing many other forms of digital fiat payment methods on Haveno I'm not sure how you aren't okay with Tether. USDT is a fiat gateway for many around the world.

"Tether has high risk with 0 benefit for the Monero community."

That shouldn't be up for me or you to say. Only the buyer and seller know if it's to their benefit. I know nothing about where they live or their situation.

Look, I personally don't use or want Tether and agree with almost everything you're saying. I don't think Tether is a "true" crypto either. But that doesn't mean others WONT find it useful for their lives or certain situations.

boldsuck commented 4 months ago

Bisq has had 52 trades with Tether worth 0.3 BTC in 8 years. If someone thinks it is worth the work: Haveno Token examles: TrueUSD & USDC

git clone https://github.com/haveno-dex/haveno
cd haveno
git checkout master
make clean && make

Test on stagenet, then do PR