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How to buy Monero after the delisting of Monero – get to know Haveno

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by COINS NEWS 57 Views

Back in the days we were expecting that instead of embracing Bitcoin (then the only coin), states around the world would fight it hands over fists. Now, one can not say that fighting didn’t happen. But Bitcoin as is today, became part of the political agenda and finds itself in the portfolios of the largest funds – unfortunately more often than not under control of custodians. Because for better (decentralization) or worse (custodianship) BTC has a limited transactions capacity which forces it into custodial solutions.

There are two fights

One for a store of value that can not be inflated at will (hidden tax). And another one for digital cash and privacy. Satoshi didn’t intend to separate the two. But the lack of fungibility and the inherent nature of blockchains helped separate the two ideas.

Bitcoin seems to have won the store of value contest. Which means there’s now a control knob on government and central banks inflationary policies. It needs to be seen, if centralized institutions might run afoul and reintroduce fractional reserve crypto banking down the road.

Bitcon is winning.

And the state gave in? Or did it? Not so fast!

There is another fight. One for permissionless and private digital cash.

Enter Monero. The one project most similar to Bitcoin’s story of creation.

Anoynmous founder… Left the project early… Cypherpunks culture ...

What we’ve seen with privacy coins in general and Monero in special is that the state didn’t give in, but instead turned all it’s power against what it represents. The freedom to transact privately between two parties without needing a third party nor anyone to identify or surveil the parties involved.

The last years of Monero history are full of negative stories

  • Price suppression in cahoots with centralized exchanges
  • Overreaching regulation of cash-like AEC (anonymity enhanced coins) - mostly in Western countries such as UK, Australia, Japan and EU.

Which concluded in the delisting of Monero on basically all major CEX.

But in the end delistings are an overall good thing for both users and speculators who believe in the need of a cash-like medium in the digital age that doesn’t leave traces.

Delistings….

  • Increases privacy and reduce attack vectors
  • Increases the need for self-custody
  • Reduce market manipulation capabilities

all that at the cost of

  • Temporarily reduce liquidity and access

Monero is not yet winning like Bitcoin does, but delistings are not a sign of defeat either. Much rather they point to governments being afraid of it wanting to ignore it and getting rid of it. But Monero does one thing exceptionally good: Refusing to comply and refusing to die.

The decentralized ecosystem

While Bitcoin’s success has been built around the advent of CEX and the financialization of it as a mainstream asset class, Monero is all but that.

Cypherpunks are currently creating decentralized, permissionless and private infrastructure like Haveno, a P2P exchange running over Tor around Monero.

So if Bitcoin was at the center of the centralized cryptocurrency ecosystem plugged-in into mainstream financial networks. Monero is at the center of the decentralized and private cryptocurrency ecosystem.

Truly decentralized exchanges

Projects like Haveno make it easy to obtain Monero for any fiat payment method and any currency.

If you are ready to leave behind the cumbersome, intrusive and dangerous KYC (Kill Your Customer) processes of large CEX, Haveno will provide you with a fresh trading experience.

Not so convenient at first because it requires to rewire our own thinking process in regards to trading. But so far no one would want to miss the ease of a DEX like Haveno after using it for a couple of times.

How to use Haveno?

Haveno-reto is currently the only viable network running the Haveno software. It is „up“ for a little over five months seeing constant growth. You can download it in https://haveno-reto.com and it will run on Windows, iOS and Linux. Though you really should consider to run it exclusively on Linux for privacy reasons.

It’s easy to install it on an USB sick with TailsOS (Linux) alongside your main system. See below.

This is a short guide to install "Haveno Reto" debian package on Tails: https://github.com/retoaccess1/haveno-reto/tree/master/scripts/install_tails


Step by step instruction after you already have a Tails USB.

  1. Enable persistence https://tails.net/doc/persistent_storage/index.en.html
  2. Set up administration password https://tails.net/doc/first_steps/welcome_screen/administration_password/
  3. Activate dotfiles in persistent storage settings
  4. Run the following command in the terminal to download and execute the script from the "Haveno Reto" repository. Enter the administration password you have setup when requested

 curl -x socks5h://127.0.0.1:9050 -fsSLO https://github.com/haveno-dex/haveno/raw/master/scripts/install_tails/haveno-install.sh && bash haveno-install.sh https://github.com/retoaccess1/haveno-reto/releases/download/v1.0.12/haveno-linux-deb.zip DAA24D878B8D36C90120A897CA02DAC12DAE2D0F 

You can then start Haveno by finding the icon in the launcher under "Applications" > "Other". It should connect and synchronize with both the Haveno Reto and the Monero network.

Check your configuration:

  1. reboot Tails
  2. enable persistence and admin mode again
  3. launch Haveno and confirm you can access your account

Haveno Reto public signing key of fingerprint above. https://haveno-reto.com/reto_public.asc

submitted by /u/gr8ful4
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