Privacy on Monero and Lightning: an interview with Riccardo Spagni

Riccardo Spagni worked as a Monero maintenance manager for several years, before starting his own project.

Crypto services must constantly evolve to stay ahead of the people who try to stand in the way.

Is it possible to complete Riccardo’s six-month challenge?

The Trust Project is an international consortium of news organizations based on transparency standards.

BeInCrypto recently spoke with Riccardo Spagni, also known as @FluffyPony, to talk about the state of privacy on Monero and the Lightning Network.

BeInCrypto: Welcome, Riccardo, and thank you for your time. First of all, can you tell us about your specific role at Monero?

Riccardo Spagni: As a member of the core team, I started as a maintenance manager, at the very beginning of BitQT. I worked as a maintenance manager for about six years and then left the leadership position late last year to focus on Tari. I still work as a maintenance manager.

Monero offers several models to pay developers

BeInCrypto: It’s often difficult to know how open source projects compensate their developers, especially when people are spending the majority of their time on the project. How does Monero solve this?

Riccardo Spagni: There are several compensation models for developers. Even within Monero, we use different approaches. As in most open-source projects, the majority of our developers are made up of volunteers, who help them in their spare time or when they have free time for their work.

Second, a business can sponsor someone to work on Monero. For example, there are companies like XMR.to, mineXMR, and others who have paid developers in the past to work on Monero, and some of them still do.

The third way is quite interesting and somewhat unique to Monero. Monero has a crowdfunding system where teams or individuals can propose that they want to create a particular feature or just work on Monero for a few months.

They can then fundraise in XMR from the community. It used to be called the Forum Funding System (FFS), while it still worked on the Monero forum.

Now that it has its own section on the Monero website, it’s called the Community Crowdfunding System (CCS), and there are tons of activities, many great proposals, and many proposals that have been fully funded. . It has been working pretty well for about five years now.

How to reconcile regulation and confidentiality?

BeInCrypto: Right now, privacy wedges are fighting on three different fronts: there’s regulation, then there’s tracing companies, and third, there’s adoption. Let’s talk about regulation first.

While governments and regulators cannot shut down Monero directly, they can at least hamper its progress by pressuring exchanges to pull XMR out. How do you try to balance the demands of regulators and confidentiality?

Riccardo Spagni: There are a few aspects here. Tari Labs worked with Perkins Coie, an international law firm, to develop a regulatory white paper , which helps regulators, law enforcement agencies, exchanges and others who deal with privacy-focused cryptocurrencies to understand how they can comply with existing legislation and still interact with these cryptocurrencies.

This also includes payments on Lightning Network or deposits made with CoinJoin obfuscation, so this doesn’t just apply to Monero. The journal came out about a month ago, and so far it’s been quite successful, especially getting a lot of interest from exchanges.

Ultimately, regulators need to be educated and they need to understand that, to a large extent, privacy wedges are like money. Cash is not an anti-law enforcement thing or an anti-government thing, and it is perfectly compatible with existing regulations.

Regulators need to learn that having a publicly traceable currency is not good for anyone. It’s not good for governments, it’s not good for individuals, and it’s not good for businesses either. In fact, privacy is what governments, individuals and businesses want.

Bitcoin (BTC) strebt bis Ende 2021 $225.000 an

Bitcoin (BTC) strebt bis Ende 2021 $225.000 an

Warum braucht der Markt kleinere Bitcoin-Einheiten und Stückelungen 696×449 1 – Bitcoin (BTC) strebt bis Ende 2021 $225.000 an

In letzter Zeit gab es allerlei optimistische Vorhersagen im Krypto-Raum und auch große Erfolge bei einigen Projekten.

Zum Beispiel haben Ripple und der bei Bitcoin Circuit digitale Vermögenswert XRP nach der großen Annuität, dass Ripple mit der Bank of America zusammengearbeitet hat, Schlagzeilen gemacht.

Vor einigen Tagen feierten die Ripple-Gemeinschaft und die XRP-Fangemeinde die Bestätigung der großartigen Neuigkeiten.

Ripples Swell-Konferenz brachte einige ziemlich interessante Neuigkeiten. Während einer Präsentation wurden Details enthüllt, die die Partnerschaft von Ripple mit der Bank of America förderten.

Bitcoin soll bis zum Ende des nächsten Jahres 225.000 $ erreichen

Bitcoin hat in diesen Tagen einige ziemlich großartige Vorhersagen gesehen, und die Preisentwicklung ist auch für die Königsmünze großartig.

Zum Zeitpunkt der Abfassung dieses Artikels handelt BTC mit der grünen Münze, und der Preis der Münze liegt bei 11.785,11 US-Dollar.

Nun wurde enthüllt, dass der Mitbegründer von Bitcoin Bull und Morgan Creek Digital Assets, Anthony Pompliano, einige Gründe genannt hat, aus denen BTC seiner Meinung nach in etwas mehr als einem Jahr 225.000 $ erreichen könnte.

Er enthüllte einige Makrofaktoren, die den Preis der Königsmünze in die Höhe treiben könnten.

„Die Federal Reserve hat die Zinssätze auf 0% gesenkt. Sie plant, uns für die absehbare Zukunft in einem Nullzinsumfeld zu halten. Mehrere Konjunkturpakete im Jahr 2020 belaufen sich jetzt auf insgesamt mehr als 3 Billionen Dollar in QE. Wir haben weitere 2 Billionen Dollar auf dem Weg…“, sagte er.

Eine erhöhte Nachfrage nach BTC

Er fuhr fort und erklärte gegenüber Bitcoin Circuit, dass „die Kombination aus der Vermögenspreismanipulation der Fed und Inflationsängsten Gold und Bitcoin dazu gebracht hat, Aktien und andere Rohstoffe drastisch zu übertreffen“.

Er hob auch die Tatsache hervor, dass die Wall Street „für den Bitcoin-Handel aufgewacht ist“, was laut Pompliano die Nachfrage nach BTC erhöht habe.

Wir empfehlen Ihnen, sich den Original-Podcast anzusehen, um mehr Details über den nächsten Bull-Run-Fall von Bitcoin zu erfahren.

Die Pokerturniere beginnen zwischen dem 1. und 7. Juni

Obwohl die Ausgabe 2015 der World Series of Poker derzeit in Las Vegas stattfindet, gibt es eine Reihe von Turnieren, die diese Woche beginnen und die es wert sind, beachtet zu werden. Zum Beispiel wird Georgia Gastgeber des WPT National sein, Manila wird die APT begrüßen und ein einmonatiges Turnier soll in Wynn Las Vegas beginnen. Hier sind die aufregendsten Poker-Events, die in der Woche vom 1. bis 7. Juni beginnen, sowie ein bisschen mehr Informationen darüber.

Sommerstart 2015

Der Summer Kickoff 2015 soll am 1. Juni beginnen und bis zum 13. Juni dauern . Das Turnier findet im Foxwoods Resort Casino in Mashantucket, Connecticut, statt. Es werden insgesamt 11 No-Limit Hold’em-Events mit Buy-In-Gebühren zwischen 230 und 400 US-Dollar angeboten. Die Preispools variieren ebenfalls zwischen 25.000 und 75.000 US-Dollar.

2015 Wynn Summer Classic

Das legendäre Wynn Las Vegas ist Gastgeber eines mehr als einmonatigen Turniers, das vom 4. Juni bis 11. Juli stattfinden wird . Die Spieler haben die Möglichkeit, an 28 verschiedenen No-Limit Hold’em-Events teilzunehmen. Das viertägige $ 1.600 No-Limit Hold’em-Main Event mit einem garantierten Preispool von 300.000 $ ist zweifellos das aufregendste.

Die Buy-In-Gebühren beginnen bei 300 USD und die garantierten Preispools variieren zwischen 25.000 USD und 300.000 USD .

2015 WPT National Georgia

Der WPT National wird als nächstes im Europe-Bet Poker Room in Tiflis, Georgia, an einem viertägigen Europe-Bet WPT National Georgia $ 1.000 No-Limit Hold’em Main Event mit einem garantierten Preispool von $ 100.000 teilnehmen . Die Veranstaltung beginnt am 4. Juni . Die Satelliten dafür sowie die WPT Georgia Poker Championship starteten am 30. Mai .

2015 APT Manila

Dieses Turnier findet vom 5. bis 9. Juni statt und wird vom Waterfront Manila Pavilion Hotel & Casino in der Hauptstadt der Philippinen ausgerichtet. Spieler können an bis zu 10 verschiedenen No-Limit Hold’em-Events mit Buy-In-Gebühren ab PHP5.500 ($ 361) teilnehmen. Das viertägige No-Limit Hold’em Main Event mit PHP27.500 ($ 1.805) wird das Highlight des Turniers sein. Es soll am 6. Juni beginnen.

Turnierwochenende 2015 $ 50.000 GTD

Dieses Wochenende wird Dover Downs Hotel & Casino Spieler zu einem dreitägigen Turnier begrüßen , bei dem drei verschiedene No-Limit Hold’em-Events stattfinden. Das $ 165 No-Limit Hold’em mit einem garantierten Preispool von $ 15.000 beginnt am 5. Juni , das $ 225 No-Limit Hold’em mit einem garantierten Preispool von $ 30.000 beginnt am 6. Juni und das abschließende $ 50 No-Limit Hold’em mit einem garantierten Preispool von 5.000 USD findet am 7. Juni statt .

Penalty of $60 million for Bitcoin mixer for diverting payments

The Financial Crimes Enforcement Network (FinCEN) fined Larry Dean Harmon $60 million yesterday.

He offered Bitcoin (BTC) mixers for years and would have violated the U.S. Bank Secrecy Act.

Bitcoin minxers

Harmon was sued by the U.S. Department of Justice in February for operating Helix. This was a way to increase Bitcoin’s privacy, a tool that would be especially popular on the Dark Net.

With a mixer, you throw your BTC on top of other people’s, as it were, and mix up the origin. Payments are more difficult to trace back to an identity and origin, so it offers extra privacy.

According to documents published by FinCEN on Monday, they „identified at least 356,000 Bitcoin transactions through Helix between June 2014 and December 2017.

„Mr. Harmon, who was working on Helix and Coin Ninja, operated as a exchange bureau of exchangeable virtual currencies, accepting and sending Bitcoin in different ways.

From June 2014 to December 2017, Helix executed more than 1,225,000 customer transactions. The wallet addresses have sent or received more than $311 million dollars. “

Subsequently, FinCEN has been able to identify at least 356,000 Bitcoin transactions. Harmon offered Helix as a mixer or tumbler, and promoted it on the Dark Web. Later, he also founded Coin Ninja, with whom he did the same as Helix as CEO.
Indictment violates money laundering rules

The charge is that Harmon deliberately violated the rules of the Bank Secrecy Act. He did not register as Money Services Business (MSB) and thereby violated the anti-money laundering rules. He should have reported suspicious activities.

This is the first sanction (a fine of $60 million) that FinCEN imposes on Bitcoin mixers. Harmon’s case is remarkable: it is the first time that the U.S. Department of Justice explicitly calls mixing bitcoin a ‚crime‘.

In addition, FinCEN also claims that „Harmon actively deleted the customer information he collected“, even when in contact with „drug traffickers, counterfeiters and fraudsters“.

Salient detail: Harmon is also founder of Dropbit, a mobile wallet to store and send Bitcoin (BTC). In February we already reported on the arrest of the American.

Industry on edge

While the CFTC put the stock markets on edge after the indictment against BitMEX, it is the FinCEN that puts both feet on the privacy side of Bitcoin.

Europol previously put the privacy wallets Samourai and Wasabi on the list of ‚top threats‘. But there are many more privacy tools and mixers that might get in trouble now. Stephend Palley even calls it the ’sword of Damocles‘ that hangs over the industry.

On the other hand, the banks aren’t such sweethearts either. Leaked documents from the same FinCEN, showed us a few weeks ago that the banks had forwarded $2000 billion in payments. The ING, among others, turned up several times in the investigation.

Bitcoin and Ether Market Update 10 de setembro de 2020

O limite total do mercado criptográfico acrescentou US$ 7,2 bilhões ao seu valor desde a manhã de segunda-feira e agora está em US$ 335,2 bilhões. As dez moedas mais importantes ficaram em verde nas últimas 24 horas com o éter (ETH) adicionando 6,7% a seu valor, enquanto o Bitcoin SV (BSV) perdeu 2,2%.

No momento de escrever o Bitcoin Evolution (BTC) está sendo negociado a $10.286 no gráfico diário Bitstamp, enquanto o éter (ETH) subiu para $363. O XRP do Ripple recuperou para $0,244.

BTC/USD

Bitcoin encerrou o pregão no domingo, 6 de setembro, subindo para $10.265. A principal moeda criptográfica atingiu o EMA de 100 dias no gráfico diário após testar o suporte horizontal de $10.000 pelo terceiro dia consecutivo. A mudança resultou em 12,3% de correção de preço para o período de sete dias anterior.

Na segunda-feira, 7 de setembro, o par BTC/USD continuou a subir e atingiu com sucesso $10.375. A marca de $10.360 foi a alta anterior de 2020, portanto pode ser considerada uma linha S/R importante. Nas primeiras horas de negociação, o bitcoin caiu temporariamente abaixo da mencionada linha de $10k, o que comprovou que a pressão ainda era significativa.

O dia de negociação na terça-feira confirmou essa afirmação, pois a moeda caiu para $10.127 perdendo 2,3% enquanto desenhava uma formação triangular descendente tanto no gráfico de 4 horas quanto no gráfico diário.

A sessão do meio da semana de quarta-feira, 9 de setembro, foi positiva para os compradores, pois o preço do BTC saiu do número mencionado e formou uma vela verde para $10.233 e também tocou $10.360 durante o intraday.

Os volumes de 24 horas foram diminuindo de US$ 28 para US$ 22 bilhões em média durante os três primeiros dias da semana de trabalho, saltando temporariamente para US$ 47 bilhões em várias ocasiões.

ETH/USD

O token ETH do Projeto Ethereum subiu para 353 dólares no domingo, 6 de setembro, após recuperar-se da zona de apoio semanal perto de 315 dólares. O éter cresceu 5,3% mas ainda assim fechou na semana anterior com uma perda de 18,4%.

O par ETH/USD estabilizou perto do nível acima mencionado na segunda-feira e permaneceu estável no final da sessão.

Na terça-feira, 8 de setembro, os vendedores conseguiram baixar o preço para $337, não permitindo que ele se rompesse acima da sólida zona S/R a $360. O altcoin líder foi agora pego na faixa de $360-$320, mais visível nos prazos mais baixos (4 horas para instâncias para quem procura um gatilho de preço para negociar no gráfico diário).

O terceiro dia da semana de trabalho trouxe outro movimento ascendente para a ETH, que subiu para 352 dólares. Embora possa marcar o início de uma recuperação de preços, a configuração atual também tem o potencial de evoluir para uma formação de cunha ascendente em baixa após a grande selloff em 5 de setembro.

O padrão poderia levar a outro re-teste do nível de 315 dólares nos próximos dias. Um recuo adicional pode ser apoiado pela onda vermelha que atinge os mercados legados.

Il Regno Unito vieta la vendita di derivati ​​crittografici agli investitori al dettaglio, afferma che si sposta per risparmiare $ 69 milioni in perdite

La Financial Conduct Authority (FCA) del Regno Unito ha vietato la vendita di prodotti derivati di criptovaluta agli investitori al dettaglio con una mossa che, secondo quanto afferma, farà risparmiare ai clienti target 53 milioni di sterline (68,9 milioni di dollari) in perdite ogni anno. Il divieto entrerà in vigore il 6 gennaio 2021.

In una dichiarazione del 6 ottobre, l’autorità di regolamentazione ha dichiarato che la vendita, la commercializzazione e la distribuzione di qualsiasi derivato, inclusi contratti per differenza, opzioni, futures e exchange-traded note (ETN) da parte di qualsiasi società locale o estera operante nel Regno Unito è vietata

L’Autorità ha affermato che i derivati basati su risorse digitali come bitcoin ( BTC ) o ethereum ( ETH ) sono „inadatti per i consumatori al dettaglio a causa del danno che rappresentano“. La FCA ha delineato una serie di rischi che ritiene derivino da tali prodotti. Includono la mancanza di una „base affidabile per la valutazione“ per l’attività sottostante, la manipolazione del mercato e la volatilità „estrema“ dei prezzi.

Affermava che i clienti al dettaglio non avevano una „legittima necessità di investimento per investire in questi prodotti“ e che inoltre non comprendevano appieno il commercio di derivati. Il divieto, proposto per la prima volta nel luglio 2019, non influisce sul trading di valute virtuali come bitcoin, che non sono regolamentate dalla FCA.

Gli investitori al dettaglio che attualmente detengono tali derivati crittografici potranno mantenerli per tutto il tempo che desiderano, ha riferito Bloomberg. Sheldon Mills, direttore esecutivo ad interim della strategia e della concorrenza della FCA, ha commentato:

La significativa volatilità dei prezzi, combinata con le difficoltà intrinseche di valutare in modo affidabile le criptovalute, espone i consumatori al dettaglio ad un alto rischio di subire perdite dal trading di cripto-derivati. Abbiamo le prove di ciò che sta accadendo su una scala significativa. Il divieto fornisce un livello di protezione adeguato.

Detta gör att Bitcoin verkar billig

Kryptovalutamarknaden har gått in i årets sista kvartal och förväntningarna på en prissvängning har varit höga. Ethereum-marknaden ville inte bara uppleva en ökning av priset utan krävde också en minskning av nätverkets transaktionskostnader. Men efter att ha tittat på den hype-driven ETH-marknaden föreslår forskare att efterfrågan kanske inte uppfylls. Eftersom höga transaktionsavgifter på Ethereum blir en norm gör det i sin tur Bitcoins transaktionskostnader ganska billiga.

Ethereums transaktionsavgift elendigheter

Kedjedataleverantören Glassnode noterade att Ethereum-gruvarbetare gjorde totalt 166 miljoner dollar från bara transaktionsavgifter i september. I diagrammet nedan noterades att avgiftsökningen var nära 47% jämfört med den tidigare rekordhöga nivån i augusti.

Nu är det uppenbart att decentraliserad finansiering [DeFi] har varit ansvarig för att driva upp transaktionsavgifterna, men den enda gynnande parten förblir ETH-gruvarbetarna och naturligtvis ETH-nätverket. Medan många förväntar sig att avgifterna återgår till det normala om / när den så kallade „Defi-bubblan“ dyker upp, enligt Nate Maddrey, en forskare med CoinMetrics, „blir höga gaspriser den nya normen.“

Lanseringen av få DeFi-projekt som UNI, SUSHI, YAM och YFI har lett till den dramatiska höjningen av nätverksavgifter. Maddrey noterade att höga avgifter gör det oöverkomligt dyrt för vissa användare att skicka transaktioner. Forskaren tillade:

”Avgifterna är inte proportionella mot mängden överfört värde – att skicka $ 100 eller $ 100K skulle kosta samma summa ETH i avgifter. Därför tippar höga avgifter skalan mot valar och användare som överför relativt stora belopp, samtidigt som det blir svårare att göra en vinst som investerar små summor. ”

Ethereum-avgifter vs Bitcoin-avgifter

De växande avgifterna har gjort att transaktioner på Bitcoin verkar billiga. Glassnode-diagrammet belyste också den stora skillnaden mellan avgifterna för de två tillgångarna. Medan BTC-gruvarbetarna gjorde i motsats till ETH-gruvarbetare 26 miljoner dollar från avgifter i september, vilket var en skillnad på mer än 6 gånger.

Detta var första gången de samlade avgifterna för ETH 2020 översteg Bitcoins, men småhandlare har knappt något att ta bort från detta. Med de växande avgifterna ifrågasätts användningen av Ethereum och det kan komma in i en annan liga än andra kryptor eftersom det blir lika dyrt som de centraliserade systemen.