Thanks for the feedback and support. That's one big thing I've noticed. Limits. We don't like those around here.

Even though that site appears to be trustless, the highest limit I could find is .1 BTC. I don't think that is very acceptable. Other than that- I have no comment on their product. Like I said, I'm developing something I would want to use myself.

We will definitely let the community know when beta is live. I expect this to be fairly soon.

We are talking about super extreme scenarios here. There will be no KYC, thus we will not have a place to store it. I don't care if you run 100BTC 100x through my site, we won't stop you. Ever.

I have personally been KYC'd multiple times on Exodus. The ridiculous part is that their exchange partner asked for proof of where the funds CAME from. Someone sent the crypto to me, thus I was not capable of such an action. They then told me to ask that person for proof. Total privacy violation.

No, we haven't seen that project. To be honest, we aren't really looking at other projects. I am implementing what I WOULD want as a user experience, coming from someone who has exchanged millions of dollars in Monero over the past year.

The real question is whether or not world governments would allow for such a scenario. Kleptocracy is more common than one might think, and sometimes comes in tandem with plutocracy. What's unique about the most powerful government, the United States, is that it is a very different form of kleptocracy than history has ever seen. Look at every store of value/means of transacting and we see that governments have always seized the predominant technology for this at one point or another. Think the 1930s, the US gov't seized mass amount of gold and silver, also Prodrazvyorstka in the Soviet Union.

In theory BTC could exist without fiat, but then government would lose control. Unless they owned a 51% interest in mining that is, which is technically feasible given the resources available although not likely because they know what would happen in that case.

Technically speaking, BTC would be better off as an underlying store of value for a much speedier system layered on top. Kind of how gold backed the paper dollar, even though most of it was in vaults in New York/Kentucky, not in hand. BTC is digitally "heavy", just how gold is physically heavy and not easily moved en masse. The problem is, that requires trusting a third party. So someone would have to come up with a trustless way to implement that scenario. Ideally, this system would be cryptographically secure, but so speedy that the security of payment is as fast as a Visa transaction, or even better, me handing you cash.

So the answer is yes. But would it be allowed?

For escrow purposes, I don't think multisig is the correct solution. Users may lose/mishandle keys. At the end of the day, the site needs to sign the tx anyways. So you could prevent the transaction from ever taking place anyways. Also, many users may be deterred by the additional complexity. You need to garner trust through reliable, logic action.

As for general security, I can't imagine multisig being a practical solution for regular operation/facilitating transactions. For a cold wallet of unused coin, maybe. As long as you handle site security properly, you needn't worry about a malicious actor compromising funds.

Hey everybody,

Founder of your favorite future BTC-XMR swap site here! (Name to be revealed soon, we think it's catchy). A little about me: I have a background in traditional finance, but took an interest in crypto around 2015. I've been enamored by technology my whole life, and I am fluent in most things needed to venture into such a project, always learning though. I have been using crypto ever since, but have never felt the need to get involved and build something. Until now.

Now that XMR.to has shut down, we feel a need to fill the gap. As the title states, I am looking for candidates who feel they have something to add/have experience in the relevant fields that find this project interesting. We are working on an instant, no KYC (under 99.99% of circumstances) swap site for BTC to Monero, and vice versa. Thus far, everything has been done among the initial team of 3 people that I chose, I've been stalking this forum for a while and feel there may be individuals on here who could greatly contribute.

The primary concept of the website is complete, and we have been working hard on our backend. We are using an API to source liquidity from our accounts to facilitate the trade/transfer upon sufficient network confirmation. This will make it one of the fastest swap sites, if not the fastest, because the withdrawal would be initiated within 15~ or less mins in most cases.

The way things are set up, I think we should be able to manage up to $10m~ a day in volume as of now. We hope to grow to the point where I'll have to accomodate for more. I've also decided that the max transaction size will be 100BTC. I think this limit is super important because it will give financial freedom and privacy to those who seek it. We will be able to fulfill anything larger with a white glove, OTC solution. There's really no good options for no-kyc instant swaps (especially large ones) for the pair anymore. Now that Binance has restricted unverified accounts to 0.6BTC in withdrawals a day, things have become worse.

I am are looking for a designer to execute our vision aesthetically, and someone who has experience in web development/blockchain.
The designer should have experience creating web design that fit a modern aesthetic that is simple yet functional. We will be needing graphics, but not many. Possibly some animated buttons.

On the development end, I am looking for someone familiar with BTC/XMR. This includes blockchain, programmatic access in order to interface with our back end, key management, Monero CLI, Bitcoin Core RPC, and more.

We will also be seeking feedback from the community in the future regarding any fees that will be charged, features, and such other things.

-PB