I always said the cex cartel isnt to be trusted.
Firo was on monitoring tag on binance eventho it fully complied to their requests and even kept the transparent adress update.
The guys at monero had more balls. Thats why its 200usd / monero
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Could we get an active pair on DCRDEX?
Why DCR ?
Wallet integration is already done and need someone within FIRO community to get the pair active.
Protect against money laundering, or attack private currency?
Money laundering is the excuse used by regulators. The real goal is to destroy non-CBDC privacy options.
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Was told that itāll be enabled soon. FIRO/USDC
If anyone wants to try providing liquidity to Bison wallet dex and needs a bond, Iām sure it can be arranged.
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Since my first post in this topic (2 days ago), the masternodes number is falling from 4621 to 4576, 45 masternodes less (with an 2ā30" blocktime, iy is almost 2 hours less between 2 rewards).
It is not alarming for the moment, but I think we have to monitor this data for the Firo ecosystem health.
In April 6, 4 days ago (the day before the Binance announce for the Firo delisting), masternodes number was 4669 (source : masternodes.online) : the fall is 93 masternodes.
@reuben Bison says on github
Important Stuff to Know
Trades settle on-chain and require block confirmations. Trades do not settle instantly. In some cases, they may take hours to settle. The client software should not be shut down until you are absolutely certain that your trades have settled.
The client has to stay connected for the full duration of trade settlement. Losses of connectivity of a couple minutes are fine, but donāt push it. A loss of internet connectivity for more than 20 hours during trade settlement has the potential to result in lost funds. Simply losing your connection to the DEX server does not put funds at risk. You would have to lose connection to an entire blockchain network.
Who would wait for the trades to finish hours and hours? Donāt get me wrong great to have more alternative almost no swap providers allow native Firo anymore only Firo BSC but to fund option with such requirementā¦ hard to adopt. Bisq at least didnāt require constant connection I didnāt believe Iād see a worse approach.
Itās not āhours and hoursā to wait for a trade to finish. Most trades between FIRO and USDC takes about 10-20 minutes.
But there is a requirement to keep the computer on. What happens if the connection breaks or the internet in your local area goes down for long periods?
No one is going to adopt this approach seriously at least not people who would trade large amounts. I love DEXs but this isnāt the way to go. Firo team should be looking at practical solutions and if Bison improves and the always-on requirement isnāt needed (and they add XMR) then Iām sure lots more people would take an interest in it.
I understand DEX trade mechanics differ from CEX convenience. Any prolong connection interruption automatically triggers a cancellation of the active trade. Crucially, your coins remain fully under your control throughout the process - thereās no risk of funds being lost or stuck in limbo. This self-custody model ensures you always maintain ownership of your assets, unlike centralized exchanges where you relinquish control.
I decided to give it a go.
I purchased a VPS because with normal connection isnāt very usable despite what Alexander is saying. Started syncing okay so far.
It syncs. I get messages create your wallet save your seed the usual. Okay.
Suddenly a bond is needed. LTC or Decred. I choose LTC. Now have to sync wallet of LTC, great.
I sync the LTC wallet and already have deposited for the bond. I click post bond andā¦ keeps timing out. Keeps trying to send bond over and over and till now it keeps doing the same. I get spammed with hundreds of notifications from the client. Mind you the client got stuck at 2 places so far.
While waiting for endless bond posting I try to look at the pairs. No Firo/USDT. Annoying but there is Firo/USDC. Yay!!!..??? USDC but on Polygon chain not on Ethereum. Technically Firo/USDC-Polygon. More unpleasant but fine would be doable. Market candles loading forever too canāt see buy or sell orders.
Create USDC polygon wallet, go to Firo/USDC pair and behold now you need to āApprove USDC.Polygonā. Click Approve now it wants you to send approval by having Polygon coinā¦ seriously? Nowhere did it say Iāll need LTC or Decred token now all of a sudden I need Polygon coin to confirm whatever.
No possibility to swap LTC to Polygon. But once you go through all hoops you can swap your Firo to USDC on Polygon and nowā¦ youāre stuck with USDC on Polygon. Canāt swap it to anything else on Decred. Woow genius guys! No possibility to swap LTC to Decred either (another genius move).
Letās not ignore the elephant in the room many of the DEXs have very high AML rating so the coin you receive from swapping Firo to say USDT or USDC is possible to be ādirtyā. Good luck exchanging that.
@Alexander_Picho you call this a solution? Why suggest it at all? I wasted time and money on nothing. I go back to my initial comment @reuben and team shouldnāt waste time on this. Decred is absolute trash much less for Firo trading.
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I agree with this conclusion: we need to stop trying non-solutions.
What Firo needs is a DEX with a Firo<->Bitcoin pair, and thatās it.
Iām taking advantage of this post to provide an update on the Frio market:
Firo = $0.41 and masternodeās number: 4,653
The price is a disaster, but masternodeās number is holding steady. I still fear a significant drop in the masternodeās number as people start paying their monthly bills (one masternode earns $6.70 per month and costs $10 at AllNodes).
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Other users might like using Bison wallet for FIRO. Shame you think Decred is ātrashā as both community loves and values privacy.
Hey, I hear your frustration, and some of your points about the clunky experience with Decredās DEX, syncing issues, unexpected token requirements, and limited trading pairs are definitely pain points.
That said, we donāt want to push Decred supporters away. While FiroDEX is currently smoother, they have a loyal community thatās aligned with us, and they put in a lot of effort to add Firo when we got delisted.
Many Decred users reached out to support us during that time. Plus, all the work was done by Devwarior, which helped us save cost and time we canāt let his efforts go to waste either.
Burning that bridge wouldnāt be wise.
I donāt dispute the privacy angle. Decred has the right idea as many other DEX softwares have but the execution isnāt what it should be. Would you disagree with any part of my review? Why isnāt there any Tor support for Decred either given its privacy friendly?
Lets say the connecting gets better, syncing, the token requirements. What about the limited trading pairs? How many people would want to be stuck on the Polygon chain? At least give us Ethereum? How about how much volume would there be? Some think having $30k in available swaps is alot but not if youāre trying to grow the ecosystem and adoption.
FIRO<->BTC FIRO<->USDT (ethereum chain) FIRO<->XMR that is what we need @Zen confirmed it and I agree with him. @reuben
@Lil-King Isnāt about burning bridges. We should help support each other absolutely! But we should have a functioning solution then we can tap each other and other projects on the shoulder reassuringly. Quite scary we donāt and I did alert the community to it before the Binance delisting happened. I donāt deny the Firo team were proactive no you all definitely sped things up in a better way I applaud you for it but currently we need a viable solution.
Iām sorry if I wrote it in harsh way but to resolve things we need to be realistic and pragmatic.
Decred fits the DEX checklist but syncing (I canāt yet see any buy/sell orders, the LTC bond got through somehow after notification 183) and no good pairs isnāt a fit. If Decred fixes the syncing and allows ability to swap LTC to their native token to actually use it to activate stuff (duh) we can then look to supplying liquidity. I canāt stress enough how important it is to be able to go in and out of Firo without relying on scummy swap sites who decide theyāve detected something between two chains who have essentially no AML tools to monitor them. Iād love to see a Haveno type software for Firo.
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I donāt disagree or argue that youre wrong.
That said, my point is a ton of effort has gone into this. The Decred community stepped up when we got delisted, and Devwarior put in significant time and work to save us cost and resources we canāt just discard those contributions.
We can only take note of these shortcomings you pointed out and see if we can have a work around them.
Again thanks for trying it and pointing these out
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I for one greatly appreciate and value Decredās community support and its role in privacy and decentralized governance. Decred is one of the good ones.
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