i like the intention, but simple encryption is not going to cut it, you need to be able to deny the existance of the encrypted volume: https://blog.nihilism.network/servers/encryption/index.html what you're looking for is plausible deniability. in short, hide your mnemonic seed into a veracrypt hidden volume
nihilist
probably meant "monero is what bitcoin was meant to be"
yea as mentionned, there are a ton of difficult possible arbitration scenarios, i think there is a clear need to :
- list the payment options (like bisq did on this page here https://bisq.wiki/Payment_methods)
- detail each payment option with the correct trade protocol (which includes the precautions to PROVE that you conducted the trade correctly for the arbitrators (see localmonero's tips on cash by mail for example https://localmonero.co/cash-by-mail-tips )), the risks of the trade going wrong, and what to do in each case.
I opened up https://github.com/haveno-dex/haveno/issues/944 just now for the same
yea but if all the arbitrators are corrupt on the network side, no matter how many you put on the arbitration the outcome wouldnt really change right ?
to that i would reply, that the arbitrators better be honest and behave correctly because the reputation of their network (ex:reto) is at stake, and yea definitely could be a good idea to have an external rating service, so that over time the scammy haveno networks are called out, and people avoid them
thanks for linking my tutorial in there ;)
It's on my todolist yes, i'll try to showcase a dispute with abitrator resolution, a SEPA instant transaction, and also the popular cash in mail
yeah that's the chicken in egg problem that got ported over from bisq. Thing is that initial monero is required to make sure there's an incentive to not scam the other peer and same from their end.
how is it no longer plausible ? pls let me know who managed to prove the existance of a hidden volume and how, as up until now i didnt find anyone that managed to. If there is no proof that the hidden volume exists, you can keep claiming that there is no hidden volume.