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.
Yeah that’s Haveno. It uses TOR by default if you’re more paranoid than normal
Just use Haveno to buy XMR directly, way cheaper and quicker than dealing with bisq and BTC transactions.
Anything that you “can access on your browser” can and will be shut down.
Browsers and WebPKI are designed to guarantee this.
You’re gonna have to let go of your browser obsession. Or just not get what you want. One or the other.
I was thinking that the federated structure of the fediverse is perfect for something like localmonero. No single point of failure, and naturally server admins will host their sites in jurisdictions more lax “money transmitter” laws
I do not have a browser obsession FYI. I’m thinking more of the normies. Localmonero was the perfect place to get some non-KYC monero & fiat. We gotta stop gatekeeping in monero land and think about the normies lol. We’re doing this for them.
The criminal bankers that control the state will label you as facilitating “unlicensed money transmission” or some other made up term and will put you in a cage.
A service allowing human rights such as free exchange cannot have an admin. Enter Haveno.
I’m thinking, only the prosecutors in america will go for this. Other jurisdictions have different laws and are more lax with the money transmission laws. Allowing localmomero to federate means people in america can still make trades in european servers.
All other countries will do anything america tells them to do since they have the power to turn off their financial system.
Going forward any activity that threatens the bankers should be done on unstoppable decentralized services that use tor and or I2p. There should be no IP address associated with any server that they can go after.
The world is a large place and there are places which Uncle Sam’s grubby hands cannot grasp.
Yes, a federated localmonero instance can have i2p & tor mirrors.
Since you’re not asking about Haveno, the key question is, what are you trying to federate and what do you mean by localmonero?
This is what I liked about localmonero: (1) It had an easy to use web site – this can be federated over onion; (2) it had many options (especially necessary if you’re not using USD or EUR) – federation reduces liquidity per mistance; (3) It had a reputation system for sellers – this is hard to federate; (4) The arbiters have been proven over time to be trustworthy – this may be impossible to federate without a reputation system.
So, IMO, your first task is to come up with a federated trust system for both arbiters and sellers. Once you have that, listings and trading can happen on any platform, even lemmy or nostr or Simplex or Haveno or something like robosats.
In my simpleminded approach, a wallet public key could have multiple reputations associated with it (e.g. seller, buyer, arbiter). There would have to be a way to confirm that sellers actually “sold” and “buyers” actually bought and arbiters actually arbitrated…I’m sure this could be done in a hidden ZK way by adding transaction IDs to the reputation . Could this be abused since a person can create multiple wallets and trade with himself? Sure, but that could also be done in localmonero and it did fall apart.
I think we have that already. It’s called ‘Haveno’.
This is like complaining that your new EV doesn’t have a large enough gasoline tank.
Haveno is something much better than federated: it is decentralized.
Isn’t there also a blockchain on which files and websites can be hosted? ipfs or something?