I've witnessed accounts first bashing Majestic Bank, then a few weeks later saying "I just lost hundreds of dollars in an exchange there, I got scammed". I'm refering to localnoderunner, but there are many on Twitter, and some more on Dread I've witnessed are in this behavior. Who is behind these accounts? I'll tell you who gets hurt, the Monero user.

Also, someone posted about Majestic in this forum and a day later you get an article with mostly speculative criticism. Someone is being paid to divide the community. Keep your eyes open.

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[–] blake@monero.town 1 points 5 months ago (1 children)

must have mixed up your site with another that had online privacy guides

sounds a bit paranoid to be fair

once again i don't know majestic and have no interest.

but I know Tux is a solid guy, I trust his opinion. he's also a busy guy - I don't think there's an international conspiracy paying random small-time accounts to occasionally bash the reputation of a dodgy exchange. or that the exchange is so good and unique that it attracts the ire of bigger powers, it seems very unlikely to me.

are you pro-majestic? if so, can you make an iron man case for the exchange?

once again, I don't actually care about majestic but I'm interested that good info is being passed around the community - particularly at this pivotal era where exchanges are key

[–] freedomtools@monero.town 1 points 5 months ago

I'm not pro anything, I use it often and once I had an exchange stuck, I reached out and support helped me with no issues. What I like about it since you asked, is its low profile, the litecoin you send gets MWEBd, and you get sent mwed ltc, and if I had to bet on which exchange would never ask you for kyc, it's those dudes.
Hope you found this helpful. I just got into this rabbit hole because I saw something I didn't like in XMR in reddit and dread.