Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1019. (Read 4671497 times)

Quote from: pookielax31 on April 02, 2015, 09:10:20 AM

With XMR.TO we can send to a btc address privately. What needs to be done in order to receive privately from a btc address?

Create new Bitcoin address and never spend that coins/ use mixer/ exchange them back to monero

Bribe us to implement the other direction! Wink

No, seriously: if there's considerable interest, we might consider implementing BTC->XMR.
It's not on the dev schedule as of yet, as we weren't sure about its usefulness.

Opinions?

Think its a great Idea.... New to Monero but so far loving everything I have been researching...Could do with out seeing the devs/faces of the project plastered everywhere arguing with every god dam thread but hey, ..this is crypto Wink

................ I think making it BTC->XMR could be a big help to drive user adoption and reduce friction in the XMR purchase process. Having away to seamlessly go from Mass adoption (BTC) to Monero can be nothing but helpful. Its basically a Monero tailored ShapeShift.io (Which if I read correctly erik will be adding Monero to shapeshift in the near future!!)

Did I really start a meaningful discussion? How novel.

My original thought was that btc coming from let's say a poker or sportsbook site could be tracked. Given the restrictions recently implemented by coinbase it seemed there was a need to receive privately from a btc address. I'm sure there are other examples.

It seems that there is more to it than I originally thought.

As far as shapeshift, it has been soon for a while now and I have no expectations.

@arnuschky, I don't have much to bribe you with.

Except a good idea?? Grin

nikos64

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nioc

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Quote from: arnuschky on April 02, 2015, 07:26:51 AM

Quote from: child_harold on April 02, 2015, 09:16:29 AM

With XMR.TO we can send to a btc address privately. What needs to be done in order to receive privately from a btc address?

Create new Bitcoin address and never spend that coins/ use mixer/ exchange them back to monero

Bribe us to implement the other direction! Wink

No, seriously: if there's considerable interest, we might consider implementing BTC->XMR.
It's not on the dev schedule as of yet, as we weren't sure about its usefulness.

Opinions?

Think its a great Idea.... New to Monero but so far loving everything I have been researching...Could do with out seeing the devs/faces of the project plastered everywhere arguing with every god dam thread but hey, ..this is crypto Wink

................ I think making it BTC->XMR could be a big help to drive user adoption and reduce friction in the XMR purchase process. Having away to seamlessly go from Mass adoption (BTC) to Monero can be nothing but helpful. Its basically a Monero tailored ShapeShift.io (Which if I read correctly erik will be adding Monero to shapeshift in the near future!!)

Did I really start a meaningful discussion? How novel.

My original thought was that btc coming from let's say a poker or sportsbook site could be tracked. Given the restrictions recently implemented by coinbase it seemed there was a need to receive privately from a btc address. I'm sure there are other examples.

It seems that there is more to it than I originally thought.

As far as shapeshift, it has been soon for a while now and I have no expectations.

@arnuschky, I don't have much to bribe you with.

vokain

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Quote from: vokain on April 02, 2015, 08:55:48 AM

Quote from: child_harold on April 02, 2015, 08:39:36 AM

Quote from: child_harold on April 01, 2015, 09:30:46 PM

Quote from: child_harold on April 01, 2015, 09:18:16 PM

Quote from: fluffypony on April 01, 2015, 11:27:49 AM

… there are no XMR "investors". Monero is a medium of exchange and a store of value. If individuals purchase units of Monero they do not directly enrich me or the rest of the core team.

really?

Of course they don't. They don't even necessarily increase the price if they don't buy at higher prices than previous investors did. Some new investors showed up during the low period, they bought slowly and cautiously, not bidding up the price.

Either way the money from investors doesn't go into the project the way selling stock in a company does. Currency "investors" are always speculators; they are not buying a productive asset of any kind.

ok. got it.

lol!

anyway I think what smooth might mean is that Monero as a currency won't find a productive use like say, gold has, past what it already does since inception. One monero will always be that entry in a private ledger, ultimately. The only thing that changes is how we interact with the protocol ruleset that allows as such.

Let's hope so! Does having a public ledger (BTC) changes this? i.e. more like gold/ a "productive asset"?

BTC and Monero are both public ledgers in the sense that anyone and everyone can verify that the information coming from the blockchain is valid. However, the structure of the two technologies differ in their manner of encrypting the link between transactions, where with Bitcoin you can link one transaction to another quite easily, and Monero you can't, thus making Monero both a private and public ledger. That this is how Monero simply is doesn't change anything about it.

Fair enough. Although I wonder if (at least psychologically) the increased visibilty of BTC token on the blcokchain and the ability to take a god-like glance at the distributin of wealth and the balance in any address makes it SEEM more of asset

For example, let us say the kings of BTC and XMR both have bejeweled crowns, but the XMR kings's is invisible. How do we know he's king?
Plesae forgive the bizarre metaphor, thanks.

By his having the keys to his kingdom?

In Monero, when you have the private key of an address you can reveal a viewkey that also shows that n XMR really do belong to X public key. You can flaunt your wealth as you wish!

aminorex

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Sine secretum non libertas

Quote from: vokain on April 02, 2015, 08:55:48 AM

Currency "investors" are always speculators; they are not buying a productive asset of any kind.

This is misleading, in the sense that currency is a very productive asset. It doesn't produce more currency (unless it is a staking vehicle) perhaps, but that is almost a tautology, content-free. It enables the whole economy of that currency. Calling that non-productive would imply that all economic activity was non-productive.

Were there no efficiency and growth-enabling features in a new technology (currency or otherwise) it would fail to thrive in a competitive landscape. An investment in a novel currency is an investment in the whole economy of that currency. It adds capital to the economy, which helps it to achieve a productive critical mass, and the growth of that overall network is what the investor is betting on. Because it is an investment in the totality of the economy, it is maximally diversified, relative to that economy - sort of like indexing on steroids. The whole world becomes your productive asset.

child_harold

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Quote from: child_harold on April 02, 2015, 08:39:36 AM

Quote from: child_harold on April 01, 2015, 09:30:46 PM

Quote from: child_harold on April 01, 2015, 09:18:16 PM

Quote from: fluffypony on April 01, 2015, 11:27:49 AM

… there are no XMR "investors". Monero is a medium of exchange and a store of value. If individuals purchase units of Monero they do not directly enrich me or the rest of the core team.

really?

Of course they don't. They don't even necessarily increase the price if they don't buy at higher prices than previous investors did. Some new investors showed up during the low period, they bought slowly and cautiously, not bidding up the price.

Either way the money from investors doesn't go into the project the way selling stock in a company does. Currency "investors" are always speculators; they are not buying a productive asset of any kind.

ok. got it.

lol!

anyway I think what smooth might mean is that Monero as a currency won't find a productive use like say, gold has, past what it already does since inception. One monero will always be that entry in a private ledger, ultimately. The only thing that changes is how we interact with the protocol ruleset that allows as such.

Let's hope so! Does having a public ledger (BTC) changes this? i.e. more like gold/ a "productive asset"?

BTC and Monero are both public ledgers in the sense that anyone and everyone can verify that the information coming from the blockchain is valid. However, the structure of the two technologies differ in their manner of encrypting the link between transactions, where with Bitcoin you can link one transaction to another quite easily, and Monero you can't, thus making Monero both a private and public ledger. That this is how Monero simply is doesn't change anything about it.

Fair enough. Although I wonder if (at least psychologically) the increased visibility of BTC tokens on the blockchain and the ability to take a god-like glance at the distribution of wealth and the balance in any address makes it SEEM more of an asset?

For example, let us say the kings of BTC and XMR both have bejeweled crowns, but the XMR kings's is invisible. How do we know he's king?
Please forgive the bizarre metaphor, thanks.

vokain

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Quote from: pookielax31 on April 02, 2015, 09:10:20 AM

Quote from: arnuschky on April 02, 2015, 07:26:51 AM

Quote from: arnuschky on April 02, 2015, 07:26:51 AM

With XMR.TO we can send to a btc address privately. What needs to be done in order to receive privately from a btc address?

Create new Bitcoin address and never spend that coins/ use mixer/ exchange them back to monero

Bribe us to implement the other direction! Wink

No, seriously: if there's considerable interest, we might consider implementing BTC->XMR.
It's not on the dev schedule as of yet, as we weren't sure about its usefulness.

Opinions?

Think its a great Idea.... New to Monero but so far loving everything I have been researching...Could do with out seeing the devs/faces of the project plastered everywhere arguing with every god dam thread but hey, ..this is crypto Wink

................ I think making it BTC->XMR could be a big help to drive user adoption and reduce friction in the XMR purchase process. Having away to seamlessly go from Mass adoption (BTC) to Monero can be nothing but helpful. Its basically a Monero tailored ShapeShift.io (Which if I read correctly erik will be adding Monero to shapeshift in the near future!!)

XMR.me!

pookielax31

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Quote from: child_harold on April 02, 2015, 08:39:36 AM

With XMR.TO we can send to a btc address privately. What needs to be done in order to receive privately from a btc address?

Create new Bitcoin address and never spend that coins/ use mixer/ exchange them back to monero

Bribe us to implement the other direction! Wink

No, seriously: if there's considerable interest, we might consider implementing BTC->XMR.
It's not on the dev schedule as of yet, as we weren't sure about its usefulness.

Opinions?

Think its a great Idea.... New to Monero but so far loving everything I have been researching...Could do with out seeing the devs/faces of the project plastered everywhere arguing with every god dam thread but hey, ..this is crypto Wink

................ I think making it BTC->XMR could be a big help to drive user adoption and reduce friction in the XMR purchase process. Having away to seamlessly go from Mass adoption (BTC) to Monero can be nothing but helpful. Its basically a Monero tailored ShapeShift.io (Which if I read correctly erik will be adding Monero to shapeshift in the near future!!)

vokain

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Quote from: child_harold on April 01, 2015, 09:30:46 PM

Quote from: child_harold on April 01, 2015, 09:18:16 PM

Quote from: fluffypony on April 01, 2015, 11:27:49 AM

… there are no XMR "investors". Monero is a medium of exchange and a store of value. If individuals purchase units of Monero they do not directly enrich me or the rest of the core team.

really?

Of course they don't. They don't even necessarily increase the price if they don't buy at higher prices than previous investors did. Some new investors showed up during the low period, they bought slowly and cautiously, not bidding up the price.

Either way the money from investors doesn't go into the project the way selling stock in a company does. Currency "investors" are always speculators; they are not buying a productive asset of any kind.

ok. got it.

lol!

anyway I think what smooth might mean is that Monero as a currency won't find a productive use like say, gold has, past what it already does since inception. One monero will always be that entry in a private ledger, ultimately. The only thing that changes is how we interact with the protocol ruleset that allows as such.

Let's hope so! Does having a public ledger (BTC) changes this? i.e. more like gold/ a "productive asset"?

BTC and Monero are both public ledgers in the sense that anyone and everyone can verify that the information coming from the blockchain is valid. However, the structure of the two technologies differ in their manner of encrypting the link between transactions, where with Bitcoin you can link one transaction to another quite easily, and Monero you can't, thus making Monero both a private and public ledger. That this is how Monero simply is doesn't change anything about it.

child_harold

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Quote from: child_harold on April 01, 2015, 09:30:46 PM

Quote from: child_harold on April 01, 2015, 09:18:16 PM

Quote from: fluffypony on April 01, 2015, 11:27:49 AM

… there are no XMR "investors". Monero is a medium of exchange and a store of value. If individuals purchase units of Monero they do not directly enrich me or the rest of the core team.

really?

Of course they don't. They don't even necessarily increase the price if they don't buy at higher prices than previous investors did. Some new investors showed up during the low period, they bought slowly and cautiously, not bidding up the price.

Either way the money from investors doesn't go into the project the way selling stock in a company does. Currency "investors" are always speculators; they are not buying a productive asset of any kind.

ok. got it.

lol!

anyway I think what smooth might mean is that Monero as a currency won't find a productive use like say, gold has, past what it already does since inception. One monero will always be that entry in a private ledger, ultimately. The only thing that changes is how we interact with the protocol ruleset that allows as such.

Let's hope so! Does having a public ledger (BTC) changes this? i.e. more like gold/ a "productive asset"?

vokain

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Activity: 1834

Merit: 1019

Quote from: child_harold on April 01, 2015, 09:30:46 PM

Quote from: child_harold on April 01, 2015, 09:18:16 PM

Quote from: fluffypony on April 01, 2015, 11:27:49 AM

… there are no XMR "investors". Monero is a medium of exchange and a store of value. If individuals purchase units of Monero they do not directly enrich me or the rest of the core team.

really?

Of course they don't. They don't even necessarily increase the price if they don't buy at higher prices than previous investors did. Some new investors showed up during the low period, they bought slowly and cautiously, not bidding up the price.

Either way the money from investors doesn't go into the project the way selling stock in a company does. Currency "investors" are always speculators; they are not buying a productive asset of any kind.

ok. got it.

lol!

anyway I think what smooth might mean is that Monero as a currency won't find a productive use like say, gold has, past what it already does since inception. One monero will always be that entry in a private ledger, ultimately. The only thing that changes is how we interact with the protocol ruleset that allows as such.

Globb0

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Free spirit

Quote from: arnuschky on April 02, 2015, 07:26:51 AM

Quote from: arnuschky on April 02, 2015, 07:26:51 AM

With XMR.TO we can send to a btc address privately. What needs to be done in order to receive privately from a btc address?

Create new Bitcoin address and never spend that coins/ use mixer/ exchange them back to monero

Bribe us to implement the other direction! Wink

No, seriously: if there's considerable interest, we might consider implementing BTC->XMR.
It's not on the dev schedule as of yet, as we weren't sure about its usefulness.

Opinions?

Your service is amazing! great job.

dEBRUYNE

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A new missive is out! #27

Quote

EXTERN PROJECTS FOR THE WEEK OF 2015-03-30

To download the podcast directly please use this link to the MP3, or this link to the AAC/MP4, or this link to the FLAC.

A brief summary of the points discussed follows, a full transcription of the podcast is outstanding (can be submitted via Github Issues ).

In this week's podcast we interview Jojatekok, the 17 year old creator of the MoneroX GUI, and discuss his switch to cross-platform support for MoneroX, as well as some of his future plans. We also spend some time musing over his youth, and wondering where ours went to!

Until next week!

dEBRUYNE

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With XMR.TO we can send to a btc address privately. What needs to be done in order to receive privately from a btc address?

Create new Bitcoin address and never spend that coins/ use mixer/ exchange them back to monero

Bribe us to implement the other direction! Wink

No, seriously: if there's considerable interest, we might consider implementing BTC->XMR.
It's not on the dev schedule as of yet, as we weren't sure about its usefulness.

Opinions?

There is probably some interest from people that want to buy small amounts, but rather not use exchanges. So if it's not to much work for you guys, I would certainly implement it. Implementing could also boost the XMR -> BTC traffic and give the website in general more attention.

arnuschky

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With XMR.TO we can send to a btc address privately. What needs to be done in order to receive privately from a btc address?

Create new Bitcoin address and never spend that coins/ use mixer/ exchange them back to monero

Bribe us to implement the other direction! Wink

No, seriously: if there's considerable interest, we might consider implementing BTC->XMR.
It's not on the dev schedule as of yet, as we weren't sure about its usefulness.

Opinions?

wangx024

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i used yam minerd xmr.
After performing frequently abnormal exit (Error: No such node (result)), there is no argument may be able to proceed after abnormal exit?
thanks

child_harold

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