Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1141. (Read 4671920 times)

I'm pretty sure that if you expose your viewkey for a Monero address/account, then in theory anyone can see all transactions associated with that address/account

Right, but thats the point if one were to create this bond / certificate of deposit device.

You create a bond / CD by plopping a certain amount of monero into a new address. People then reward you for keeping it in there over time, and they validate that its in there by using the viewkey.

where the hell is the dude that proposed the bond measure in the first place?

(edited twice because I can't use "there/their" correctly)

Link to Fluffy's explanation on reddit:

https://www.reddit.com/r/Bitcoin/comments/2tea5t/a_reminder_to_those_who_dont_want_a_bitcoin_that/cnygl3q

I'm pretty sure that if you expose your viewkey for a Monero address/account, then in theory anyone can see all transactions associated with that address/account. As has been said many times, the tooling for this doesn't exist in simplewallet yet, but from what I understand by exposing your viewkey you are essentially making a public account.

You ask valid questions.

I hope a Monguru  can answer them.

Right. But if you use a viewkey, you can see addresses? I guess I haven't gotten my head around viewkeys (i've never used one)

Word. Transaction hash. Thanks!!! But yesh, I'm referring to payment ID - the thing you include in a transaction in case you want someone to be able to single out a transaction.
Yes, they are different, but I mean in their architecture / composition - as in, does a payment ID have a specific nature compared to a viewkey. So if I sent someone my viewkey as a payment ID, could an algorithm search the blockchain and find a viewkey amongst the payment IDs?

My only 0.02 XMR:

You seem to confuse yourself here (and you definitely confused me):


So now the database (the monero blockchain) contains the address of the bond account..
It does? I have yet to see an address in the Monero blockchain. Pardon me, but I was under the impression that that's what makes an opaque blockchain an opaque blockchain.

I think you mean Payment ID when you typed Transaction ID, or did you? Transaction hash is the correct nomenclature.

Are viewkeys different than transaction IDs?
You must know that they are different. How could they possibly be the same?

Hrm, well it seems the best incentive for people to hoard cryptocurrencies is the ability to earn more cryptocurrency.... which is of course, artificial. This doesn't spawn anything outside of the currency's economy.

what sort of thing can we create where people want to privately store things of value with the ability to get a return on that store without losing those things or the ability to use those things whenever they want to......

The first that comes to mind is "hey, send me 1000 XMR and I'll just sit on it and send you 2 XMR a month and you can pull out whenever" and this is sort of like the bond that someone proposed weeks ago. Problem is, without multisig, this is a total trust thing.

However, we could use viewkeys - you create a second XMR account, deposit 1000 XMR there. YOu publish the viewkey, or enter the viewkey into a database. Some algorithm reads the database, reads the viewkey, checks the address, if the address holds greater than 1000 XMR, the algorithm sends 2 XMR to that address.

OH WAIT DID SOMEONE SAY DATABASE?

right. So, you create the new XMR account (bond account). From your personal account, you send a transaction to bond account, with the viewkey as the payment ID. So now the database (the monero blockchain) contains the address of the bond account and the viewkey (is the viewkey the same hexlength as a transaction ID? Are viewkeys different than transaction IDs? Would an algorithm be able to parse out a viewkey amidst a sea of transactions IDs?)

The Backer runs a BackerWallet software. This software scans the blockchain and identifies viewkeys, pops the account, measures amount of XMR, if > 1000 sends n XMR. Perhaps somehow the software can measure how long the XMRs been there (totally possible because the viewkey allows analysis of transactions from that account).

this possible?

incentive for Backer - create demand for holding XMR, so the rest of their holdings go up. Say a whale has 10,000k XMR. For 24 XMR, they could sure up 1,000 XMR for a year, so its like they have 11,000 XMR for the price of 10,024 XMR.

monero-economy.com is first choice for me; unhyphenated second choice.

A VC about the price (of Bitcoin, but applies to Monero too if we manage to get VC on boards)

http://www.quora.com/Do-the-VC-investments-in-the-Bitcoin-space-indicate-that-VCs-are-bullish-on-Bitcoins-price-or-that-they-mainly-value-the-technology

Updated the list (ANN - MEW)

moneroeconomy.com is first (5 voices), xmrmonero.com and monero-economy.com are second (4 voices each)

Sounds good. I'll join in a toast to the Dev's, and donate a chunk from my smart wallet if it's available by then.

Handbag? 

How about smart wallet, by analogy with smart phone?

the masternode incentive scheme is why evan did not change to ring signatures.

For me it will be buying more XMR and drinking a good Beer in celibration.  Also a toast to the Dev team for all the work that has to be done and future milestones that will happen.

We've got crypto kingdom for this, you can basicly earn XMR by "investing" your XMR into it -> https://bitcointalksearch.org/topic/crypto-kingdom-1991-retro-virtual-worldcity-819073

EDIT: This is ofcourse not optimal, but we should think about getting some same incentives the DRK masternodes have. It's a great way to take supply off the market.

I hope not. I've never seen a neat, clean, tidy, efficient purse. The only purses I've seen are bottomless pits of fuckit, because my wife just throws shit in there. That could just be my wife though.

Perhaps briefcase.

I'll celebrate Moneromass by acquiring additional Moneros equal to 1 BTC.  With the Grand 20MB Schism looming, anything could happen.  It's the last chance to get a few more cheap 1st year coins, especially if BTC's civil war gets bloody and is headline news.

"Account portal" is too wordy and nerdy.

Because it contains so many more remarkable things than a wallet, we're calling the new client a "purse."   

Adding them, thanks.

This plus that.

Aren't Spanish and Portuguese already implemented too?