this post was submitted on 31 Oct 2024
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The ongoing Russian conflict has caused Euro Union and other political powers to heavily sanction Russia. Some of these sanctions involve blocking bank transfers between the eurozone and Russia.

Now I do not want to enter a political discussion here, but I think most of these sanctions are actually hurting the individual citizens more than the government to whom they should be targeted.

This has caused that a lot of people that live abroad cannot for instance send money to their loved ones in the country, spend money whenever they go there for a visit, or for people who live and earn money in Russia to spend that money abroad.

Additionally, many banks have seized Russian-owned bank accounts in Europe, essentially stealing their money without them being able to do anything to prevent this.

Of course we could get in the argument here that you do not really own your hard-earned fiat money. After all, if I cannot spend my fiat money in a bakery in Russia, do I really own my money?

This is where Monero shines (or should be shining) in my opinion. Monero should give Russians the ability to break free from these sanctions and actually spend their money however they want.

However, looking into Haveno, there are 0 offers in Russian Rubles (RUB), and historically there have been zero trades with RUB. Also trying to find information on Russian forums about Haveno, no one seems to talk about it at all.

However, before Haveno came out officially, I used another centralized P2P exchange called bitpapa, which I do not promote or recommend, as even though I used it without problems on some occasions, I do not know if it can be fully trusted.

My experience is that (maybe just a coincidence) all trades I did there were done with Russians. So it seems that that platform might be the one preferred by them.

And here is where I want to open a discussion:

Why do you guys think is the reason that there are so little trades in a currency so heavily sanctioned, when Monero is supposed to fight exactly against this kind of issue?

Perhaps there is some failure in our communication methods, and the information about Haveno is not reaching the relevant forums or circles?

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[–] Horixon@monero.town 3 points 1 week ago* (last edited 1 week ago)

As a P2P trader from localmonero;

Every single offer requires me to lock 115% XMR so If I want to accept multiple payment methods or currency I have to make separate offers.

For an example If I have 100 XMR to sell I have to split my coins to smaller amounts. (For an example 50 XMR for bank transfer 50 XMR for international bank transfer)

As a person who had like 20-30 different offer on localmonero: 100XMR/30 offer = <3.3 XMR max per offer which is very small for me. Instead i just make big offers that is very popular such as Euro and USD & SEPA. Sometimes i don't use haveno at all...

This causing to small markets never grow.