this post was submitted on 27 Jul 2024
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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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.

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[–] [email protected] 6 points 1 month ago

The site(s) should operate like Nodes in a peer to peer network over TOR, where it is impossible to trace it back. We need strong enough technology where bravery is not required, the same way that Monero has been designed, for a hostile environment.