[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1259.

smooth

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Quote from: jehst on November 27, 2014, 01:27:09 PM

Quote from: Globb0 on November 27, 2014, 12:08:39 PM

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

Open source GPU mining will probably make botnets move on to more profitable CPU-only coins.

There is open source GPU mining, on nvidia, which is more power efficient than ATI anyway.

I doubt botnets are a threat at all. They are exactly what miners are supposed to be -- interested in making money, which encourages them to just mine honestly.

smooth

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Quote from: mmortal03 on November 27, 2014, 05:17:26 PM

Quote from: monero on November 25, 2014, 07:18:55 AM

1. It is with great pride that we announce the very first Monero hosted account service (a web wallet for Monero, if you will), which we are certain will provide a level of accessibility that was previously unknown with Monero. My Monero is managed by Riccardo "fluffypony" Spagni, although it was created through the efforts and hard work of many people including members of the Monero Core Team, Lucas Jones, Matthew Little, and seed funding provided by Risto Pietila. All of the heavy lifting is done client-side, which means that My Monero can never spend your funds on your behalf or without your authorisation. However, there is a small compromise in that the server knows your view key, which is necessary in order for it to identify transactions belonging to you. Thus there is some reduction in transactional privacy when using My Monero, as if the service is compromised your view key would be revealed. That having been said, stealth addresses would still be in effect even if the server was compromised, and thus transactions can still be said to be unlinkable. If you are truly concerned about absolute transactional privacy, then running your own Monero node will always be the preferred route.

So, this means that the view key is functional now? When will we see watch-only wallets which can make use of the view key? Could the web wallet code not be applied to do this?

The view key has always been functional in that the blockchain has supported it. The web wallet has the only known implementation of code to use the view key, but anyone could do it.

mmortal03

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Quote from: monero on November 25, 2014, 07:18:55 AM

1. It is with great pride that we announce the very first Monero hosted account service (a web wallet for Monero, if you will), which we are certain will provide a level of accessibility that was previously unknown with Monero. My Monero is managed by Riccardo "fluffypony" Spagni, although it was created through the efforts and hard work of many people including members of the Monero Core Team, Lucas Jones, Matthew Little, and seed funding provided by Risto Pietila. All of the heavy lifting is done client-side, which means that My Monero can never spend your funds on your behalf or without your authorisation. However, there is a small compromise in that the server knows your view key, which is necessary in order for it to identify transactions belonging to you. Thus there is some reduction in transactional privacy when using My Monero, as if the service is compromised your view key would be revealed. That having been said, stealth addresses would still be in effect even if the server was compromised, and thus transactions can still be said to be unlinkable. If you are truly concerned about absolute transactional privacy, then running your own Monero node will always be the preferred route.

So, this means that the view key is functional now? When will we see watch-only wallets which can make use of the view key? Could the web wallet code not be applied to do this?

shojayxt

legendary

Activity: 896

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Quote from: Quicken on November 27, 2014, 12:00:37 PM

Quote from: NeuroticFish on November 27, 2014, 11:43:40 AM

Quote from: dEBRUYNE on November 27, 2014, 11:30:56 AM

Crossposting for info:

BCX' thread is fun to read from time to time, with some popcorn.

Can anyone remember him substantiating anything he has said about Monero. Sound and fury, signifying nothing?

It would probably be best to let sleeping dogs lie. No need to stir up trouble for XMR.

silencesilence

legendary

Activity: 1120

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Quote from: novag on November 27, 2014, 04:17:29 PM

When price is go up?

When you invest 10 000 BTC Grin

those who know will not tell us for sure Grin

novag

hero member

Activity: 687

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novag

When price is go up?

parker928

sr. member

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Quote from: jwinterm on November 26, 2014, 10:30:15 PM

It's certainly not a detailed technical differentiation, but here is a gif I just finished for sylviaplathlikestobake's art contest that compares btc, drk, and xmr: https://i.imgur.com/evtcybH.gif

Here is the link to the art contest, which is practically over at now (I'm a bit of a procrastinator plus I've been busy): https://forum.monero.cc/16/art/81/25-xmr-prize-for-the-best-monero-art-meme

Please let me know if you think there are any factual errors in the gif.

That is pretty impressive. and actually up until I saw this GIF I did not even think about the fact that you can't see anyones balance with xmr., unless they give you their view key of course... I don't know how I never thought about that. I have been with this coin since the original crypto note exchange and never realized that lol...learn something new every day!

jehst

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21 million. I want them all.

Quote from: liteon on November 27, 2014, 01:38:03 PM

Quote from: jehst on November 27, 2014, 01:27:09 PM

Quote from: Globb0 on November 27, 2014, 12:08:39 PM

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

Open source GPU mining will probably make botnets move on to more profitable CPU-only coins.

Yeah?
And which one could that be?

Always changing.

liteon

legendary

Activity: 1092

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I'm a Firestarter!

Quote from: jehst on November 27, 2014, 01:27:09 PM

Quote from: Globb0 on November 27, 2014, 12:08:39 PM

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

Open source GPU mining will probably make botnets move on to more profitable CPU-only coins.

Yeah?
And which one could that be?

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: Globb0 on November 27, 2014, 12:08:39 PM

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

Open source GPU mining will probably make botnets move on to more profitable CPU-only coins.

nioc

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Activity: 1624

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Quote from: equipoise on November 27, 2014, 09:52:07 AM

True that! I'll spread some Moneroj gifts this Christmas using the web wallet. Great timing.

I will be doing this for one person as it will be a perfect way of introducing them to Monero. They will not go, WTF is this? Instead they will understand and appreciate it.

Globb0

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Free spirit

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

Quicken

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Quote from: NeuroticFish on November 27, 2014, 11:43:40 AM

Quote from: dEBRUYNE on November 27, 2014, 11:30:56 AM

Crossposting for info:

BCX' thread is fun to read from time to time, with some popcorn.

Can anyone remember him substantiating anything he has said about Monero. Sound and fury, signifying nothing?

NeuroticFish

legendary

Activity: 3668

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Looking for campaign manager? Contact icopress!

Quote from: dEBRUYNE on November 27, 2014, 11:30:56 AM

Crossposting for info:

BCX' thread is fun to read from time to time, with some popcorn.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Crossposting for info:

Quote from: fluffypony on November 27, 2014, 10:08:11 AM

Quote from: ?? on ??

Quote from: crowning on November 27, 2014, 06:39:37 AM

Quote from: ?? on ??

Why is DRK a scam and why do the Monero crew want to take it down?
~BCX~

It's not a scam and it's Monero's closest competitor functionality wise.

I'll never understand why people like to bring/take down other currencies. There's enough space for all of them.

My current deal with Monero ends on December 20th as we came to an agreement for 60 days of BCX free Monero.

Where we go from there, who knows?

They have however offered a proposition for DRK but I wanted to find out about it first.

I think they feel that DRK is why they are steadily falling week over week.

If a coin is good I have no interest in bothering it but if it is a scam, shit is on.

Let's hear the good, bad and ugly!

~BCX~

I'd like to officially state, for and on behalf to the Monero core team, that this is the biggest load of rubbish we've ever read.

We have no deal with BCX, nor have we ever had a deal with him. In fact, our many attempts at engaging him have come up empty.

We also have not ever, and will not ever, "offer a proposition for DRK" to BCX or any other trolls. What an absurd notion, we're not even in "competition" with Darkcoin, much less able to waste money on a petty spat.

othe

hero member

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Quote from: illodin on November 27, 2014, 09:00:13 AM

What do you mean obvious, were you aware of the deal?

You are obviously as full of sh.. as BCX.

We should ask Theymos to check his PMs and uncover the truth; i wouldn't be surprised if the account is bought by one of you guys.

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

Quote from: myagui on November 27, 2014, 09:02:55 AM

Quote from: illodin on November 27, 2014, 08:34:15 AM

[...] words [...]

I really enjoyed the pleasant break from constant FUD and random noise.
Shame that good times never last long enough! Cheesy

Btw, awesome job with MyMonero guys!
While I'm happy to use the current CLI release, I firmly believe the webwallet will help boost adoption at least to small'ish holders that would otherwise not feel comfortable using the CLI or holding their balance on exchanges. I created an account and moved some Monero over to test it out, everything worked like a charm!

Looking forward to all the many Missives ahead! Wink

True that! I'll spread some Moneroj gifts this Christmas using the web wallet. Great timing.

Febo

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@illodin

I think reason why Monero price is 0.0015 instead of 0.003-0.005 as was few months ago is that huge BTC or fiat bag holding Monero supporters connected more together. Might be in MEW or however and they see there is enough Moneros for all of them and they dont need to fight among himself and buy Monero, but just place offer at 0.0015 and pro miners will sell to them.

If you would monitor cautiously BCX actions toward Monero lately you would realize he is not really serious about what he says.

myagui

legendary

Activity: 1154

Merit: 1001

Quote from: illodin on November 27, 2014, 08:34:15 AM

[...] words [...]

I really enjoyed the pleasant break from constant FUD and random noise.
Shame that good times never last long enough! Cheesy

Btw, awesome job with MyMonero guys!
While I'm happy to use the current CLI release, I firmly believe the webwallet will help boost adoption at least to small'ish holders that would otherwise not feel comfortable using the CLI or holding their balance on exchanges. I created an account and moved some Monero over to test it out, everything worked like a charm!

Looking forward to all the many Missives ahead! Wink

illodin

hero member

Activity: 966

Merit: 1003

What do you mean obvious, were you aware of the deal?

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1259. (Read 4670643 times)