Could Monero replace Bitcoin soon? - page 21.

owm123

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Quote from: LucyLovesCrypto on October 05, 2015, 05:51:07 AM

Quote from: darkagentx on October 05, 2015, 02:39:04 AM

Bitcoin could not be replaced by Monero, not soon nor any years in the future. Maybe in a different timeline! Wink

Most of the world has not yet realized the importance of privacy. When that happens Monero has as good of a chance to replace bitcoin as any alternative in assistance today. Of course other alternatives could come along before the masses rush to privacy tech. It will be fun to wait and see what happens!

"Every week or two, from now on, will see new privacy disasters, each worse than the last. Every week or two, from now on, will see millions of people who suddenly wish there was more they could do to protect their privacy."http://www.theguardian.com/technology/2015/oct/02/why-is-it-so-hard-to-convince-people-to-care-about-privacy

CoinThug

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Quote from: blacky90 on July 16, 2015, 07:54:27 AM

Nah don't worry about it.

LucyLovesCrypto

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Quote from: darkagentx on October 05, 2015, 02:39:04 AM

Bitcoin could not be replaced by Monero, not soon nor any years in the future. Maybe in a different timeline! Wink

Most of the world has not yet realized the importance of privacy. When that happens Monero has as good of a chance to replace bitcoin as any alternative in assistance today. Of course other alternatives could come along before the masses rush to privacy tech. It will be fun to wait and see what happens!

darkagentx

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Bitcoin could not be replaced by Monero, not soon nor any years in the future. Maybe in a different timeline! Wink

owm123

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Nope.

Andrelvogue

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Quote from: blacky90 on July 16, 2015, 07:54:27 AM

what do you guys think about these cryptonote technology, should we worry about it? Huh

Maybe in the future but till then bitcoin will still be bigger

newb4now

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Similar discussion is happening on Reddit now:

http://www.reddit.com/r/Monero/comments/3eqk9s/question_about_monero_vs_bitcoin/

g3rszpi

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Quote from: psomas2 on July 27, 2015, 05:04:39 AM

Nah i dont think so.
Millions of people have invested on bitcoin.
Hardly an other coin will replace it.

Yeah, you are right.Until even bitcoin can't hit a stabile price with stabil crowd, we cant even dream about replacing btc.

smooth

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Quote from: RealBitcoin on July 27, 2015, 04:59:39 AM

Quote from: smooth on July 27, 2015, 04:40:50 AM

Good suggestion. Noted.

https://github.com/monero-project/bitmonero/issues/354

Yes also add there that it should be a lightweight wallet, because i`m sure , for the sake of usuability, not many people like to hold 20-30 GB blockchains on their PC.

So if a lightweight version becomes possible that would be the holy grail

Other than that, yes monero is a really privacy friendly coin, with very demanded features, that could replace bitcoin, one distant day in the future, if these minor thing could be fixed.

Lightweight wallets are already a well-known requirement no need to log that. Thanks for the input either way though.

pandher

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Stagnation is Death

Quote from: psomas2 on July 27, 2015, 05:04:39 AM

Nah i dont think so.
Millions of people have invested on bitcoin.
Hardly an other coin will replace it.

Although i dont share the idea that Monero will replace Bitcoin but talking about millions investing in Bitcoin, that could change as easy as clicking SELL

psomas2

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Nah i dont think so.
Millions of people have invested on bitcoin.
Hardly an other coin will replace it.

Ale

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Could malware add itself into the QR-code?

RealBitcoin

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JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: smooth on July 27, 2015, 04:40:50 AM

Good suggestion. Noted.

https://github.com/monero-project/bitmonero/issues/354

Yes also add there that it should be a lightweight wallet, because i`m sure , for the sake of usuability, not many people like to hold 20-30 GB blockchains on their PC.

So if a lightweight version becomes possible that would be the holy grail

Other than that, yes monero is a really privacy friendly coin, with very demanded features, that could replace bitcoin, one distant day in the future, if these minor thing could be fixed.

smooth

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Good suggestion. Noted.

https://github.com/monero-project/bitmonero/issues/354

RealBitcoin

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JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: smooth on July 26, 2015, 03:56:06 PM

So you want you would like is the ability to create transaction offline and write it to a file (or print on paper), which you could then import to another computer and transmit? Seems doable.

Yes, i want to create a transaction safely from cold storage offline PC, sign it offline with private key, then transfer that signed TX via QR code scanner, air gapped, to the online PC where I can broadcast it.

So far I dont know of Monero being able to do that, or atleast not in user friendly way, you can do sorcery with the core client but i`m not a very techy person.

And also there is no lightweight client for Monero. I`ll stop using Armory for bitcoin soon because the blockchain is getting big, and i see that electrum is becoming the new thing.

Electrum let's you create,sign TX offline, then import it online, and broadcast it online, but without blockchain, because its lightweight!

Unless Electrum for Monero becomes available, i`ll just say that Monero is not a currency until then

newrad

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Nobody knows what any of these altcoins are but people on this forum.... Think about it.

People in the real world BARELY know what bitcoin is....... And most people who have heard of bitcoin disregard it as something unimportant.

There needs to be Dev & investment in a altcoin for it to succeed.

I don't think that will happen until Bitcoin has reached the mainstream fully.

I like Monero. Wink

smooth

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Quote from: GingerAle on July 26, 2015, 04:36:15 PM

Quote from: medusa13 on July 26, 2015, 04:10:14 PM

yes please do this, much less hassle with cold storages i agree.

still, blockchain on the offline computer would need to be updated from time to time, no ?

makes sense to me, 'cause you'd need to make sure you have enough transactions to ring sig with.

This type of transaction will probably be easier when the MRL suggestion (forget which one) where it won't matter whether a certain output is spent or not.

Sure, but it doesn't have to be live or even close. Updating it once a year should be fine. It doesn't need to be the full blockchain either -- a small random sample of outputs to mix with would be sufficient. You'd probably want to update the wallet software too, in case of bugs, etc.

GingerAle

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Quote from: medusa13 on July 26, 2015, 04:10:14 PM

yes please do this, much less hassle with cold storages i agree.

still, blockchain on the offline computer would need to be updated from time to time, no ?

makes sense to me, 'cause you'd need to make sure you have enough transactions to ring sig with.

This type of transaction will probably be easier when the MRL suggestion (forget which one) where it won't matter whether a certain output is spent or not.

medusa13

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hello world

yes please do this, much less hassle with cold storages i agree.

still, blockchain on the offline computer would need to be updated from time to time, no ?

smooth

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Quote from: RealBitcoin on July 26, 2015, 10:10:31 AM

Quote from: generalizethis on July 26, 2015, 06:17:35 AM

Quote from: RealBitcoin on July 21, 2015, 11:54:07 PM

Quote from: 25hashcoin on July 21, 2015, 05:34:38 PM

Bitcoin is experiment. Litecoin and Monero are real future of crypto.

Litecoin is a joke.

Monero could replace Bitcoin, but only if it develops an offline transaction signature platform.

NR 1 DEMAND IS SECURITY, YOU NEED TO HAVE COLD STORAGE TRANSACTION CAPABILITY

Otherwise your altcoin is worth shit.

Here's a start:

https://bitcointalksearch.org/topic/m.11626658

That is offline wallet generator.

I`m talking about offline transaction with watch only wallet like ELECTRUM and ARMORY provides with bitcoin.

Its worthless to create the address offline, when you need to connect it to the online PC to perform a transaction. ELECTRUM & ARMORY for bitcoin solves that problem.

So you want you would like is the ability to create transaction offline and write it to a file (or print on paper), which you could then import to another computer and transmit? Seems doable.

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