Monero Multisig: Why Isn’t It the Standard Yet? : CafeDread | Torhoo darknet markets

It's too complicated for most users. DarkMatter Market has it and says that very few vendors or users actually take the time to use it. Monero multisig isn't easy like btc multisig but one day, hopefully soon, someone will figure it out and it will become standard.

There's a good comment from Darkmatter staff mentioning that, after developing a web app for multisig, only one purchase was made in the market using it, across the span of a whole year.

Kid it's easy to say but hard to implement , it's easy to set btc multi sig . like europhia market etc .
the reason these guys don't implement that is , it's too much complicated comparing to btc . i one day checked if u start to research , u may think escrow or btc multi sig is far better .
it's not bcz they ignore . but it's very complicated and even if that thing implemented . it's bit overhelming to users sometimes. i just recommend u to check ur self or ask ai . yeah u can get better idea if u ask from ai .

that's the reason ...

We use btc and zcash only multisig! :)

personally I just FE... never understood what the multisig supposed to do or why it is good or how it works

Visit the official Monero downloads page
Choose the correct download for your os. Make sure to download the Command-line tools version.

2. Running monerod (Optional but Recommended):

While you can connect your CLI wallet to a remote node, running your own node (monerod) enhances your privacy and security. It also contributes to the Monero network. Let's start the daemon:

Linux: Open your terminal emulator (usually Ctrl+Alt+T or Ctrl+Shift+T).
Navigate to the directory where you extracted the Monero software using the cd command. For example:
Linux: cd ~/monero (assuming you extracted to your home directory in a folder named 'monero')
Start the Monero daemon by typing: ./monerod and pressing Enter.

You'll see monerod start syncing with the Monero blockchain. This process can take a considerable amount of time depending on your internet connection and computer speed, as it downloads the entire blockchain. You can let this run in the background while we set up the wallet, or you can connect to a remote node later if you prefer not to download the entire blockchain initially.

3. Creating a New Wallet:

Now, let's create your Monero CLI wallet. Open a new command line/terminal window (leave the monerod window running if you started it).

Navigate to the Monero software directory again, just like in the previous step.
Run the wallet creation command: ./monero-wallet-cli

Since we're creating a new wallet, simply press Enter when prompted with "Use wallet path: /home/[your username]/Monero/monero-wallet-cli" (or similar, the path might vary depending on your system).

You'll then be asked to enter a wallet name. Choose a name for your wallet file (e.g., mywallet). Press Enter.
Next, you'll be prompted to enter a password for your wallet. Choose a strong password and remember it! This password encrypts your wallet file. You'll need it every time you open your wallet. Enter your password and press Enter. You will be asked to confirm it.

After confirming your password, the Monero CLI will generate your wallet. Very importantly, you will see your 25-word mnemonic seed phrase displayed.

Write down this seed phrase and store it in a safe and secure place offline. This seed phrase is the backup of your wallet. If anything happens to your computer or wallet file, you can use this seed phrase to recover your wallet and funds. Do not store it on your computer or online.

The CLI will also display your wallet address. This is the public address you will share with others to receive Monero. You can also get this address later using a command within the wallet.

You are now inside your Monero CLI wallet! You'll see a command prompt that looks like this: [Your Wallet Address] <wallet_name>.
Sending Monero (XMR)

Now that your wallet is set up, let's learn how to send Monero. The command for sending is transfer.

1. Basic transfer Command:

The most basic form of the transfer command requires the recipient's address and the amount of Monero to send.

Syntax: transfer <address> <amount>
The CLI will ask you to confirm the transaction details: recipient address, amount, transaction fee, and anonymity level (ring size). Review these details carefully. Type y to confirm and send, or n to cancel.

Example: Let's say you want to send 1.5 XMR to the address 4AdkPJoxn7gKypnHryegCcn4vFDodg6x88M9dG6xrvzTvErg5qT8ybt3z1zH9o6vL4F2hFnJp5u6y5gYt3h4D1o5j7i8k9l. You would type:

transfer 4AdkPJoxn7gKypnHryegCcn4vFDodg6x88M9dG6xrvzTvErg5qT8ybt3z1zH9o6vL4F2hFnJp5u6y5gYt3h4D1o5j7i8k9l 1.5

Press Enter.

2. Adding a Payment ID (Optional but Recommended for Exchanges/Services):

Sometimes, when sending to exchanges or certain services, you need to include a Payment ID. This is a unique identifier that helps the recipient identify your deposit.

Syntax: transfer <address> <amount> <payment_id>
Again, confirm the transaction details before sending.

Example: If you need to include the payment ID 1234567890abcdef, the command would be:

transfer 4AdkPJoxn7gKypnHryegCcn4vFDodg6x88M9dG6xrvzTvErg5qT8ybt3z1zH9o6vL4F2hFnJp5u6y5gYt3h4D1o5j7i8k9l 1.5 1234567890abcdef

3. Using Integrated Addresses (Payment ID Embedded):

Monero also supports integrated addresses. These addresses have the payment ID embedded within them, simplifying the process. If you receive an integrated address, you can send to it just like a regular address, without needing to specify a separate payment ID.

Syntax: transfer <integrated_address> <amount>

Important Notes When Sending:

Transaction Fees: Monero transactions have fees to incentivize miners and secure the network. The CLI automatically calculates a reasonable fee. You can adjust the fee using advanced options if needed, but for most users, the default fee is sufficient.
Ring Size: Monero uses ring signatures to obscure transaction origins. The ring size determines the anonymity level. The default ring size is usually sufficient for privacy.
Confirmation Time: Monero transactions usually confirm within a few minutes, but it can sometimes take longer depending on network congestion.

Receiving Monero (XMR)

Receiving Monero is straightforward. You need to provide your wallet address to the sender.

1. Getting Your Wallet Address:

To find your wallet address, simply type address in the CLI wallet and press Enter.

address

The CLI will display your public address. This is the address you can share with anyone who wants to send you Monero.

2. Checking for Incoming Transactions:

To see if you have received any Monero, use the show_transfers command.

Syntax: show_transfers

By default, show_transfers will display all incoming and outgoing transactions.

To view only incoming transactions: show_transfers in
To view only outgoing transactions: show_transfers out
To view pending transactions: show_transfers pending

You can also specify a block range to check transactions within a certain period. For example, show_transfers in from_height=1000000 to_height=1200000.

3. Understanding Transaction Details:

When you use show_transfers, the CLI will display information about your transactions, including:

Direction: in for incoming, out for outgoing.
Amount: The amount of XMR involved.
Payment ID: If applicable.
Transaction Hash: A unique identifier for the transaction on the Monero blockchain.
Block Height: The block number where the transaction was included.
Confirmations: The number of blocks that have been mined since the transaction was included. More confirmations mean higher certainty of the transaction's finality.

ALL THIS was copy pasted from SE, found within couple clicks, there is plenty more of instructions EFFORTLESS AND FOR FREE

WITH ALL GIVEN RESPECT, IT IS VERY EASY AND KNOWN since AGES

WE ALL CAN DO THIS AND WE ALL ARE ARCHETYPE WITH OR WITHOUT MARKETPLACES

(maybe some HIGHER ranked peers here should use their talents for actual relevant stuff instead of skrippting nonsense allday)

ALSO WATCH OUT FOR ALL NEW VENDOR ACC's ACCEPTING BTC ONLY

and i still dont like your name jake but i will leave upvote for hamming on you couple days ago, you was right

but will you also act right?