Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1555. (Read 4670622 times)

For those who havent heard yet, we are running a Monero Giveaway!

Learn how you can earn 0.4 XMR here: https://bitcointalksearch.org/topic/petitioning-cryptsy-btc-e-and-others-for-moneroxmr-731365

Your English is fine:) Let's take Proof of Stake out the picture, as PoS is flawed in many respects, and that is a discussion for another time. The rest of what you're saying is spot on, and it is both how Monero works and will work in the future. The higher your mixin level, the more signatures you mix with for your transaction. But then your transaction is also physically bigger (in terms of the kb size of your transaction). When we move to per-kb fees, this will mean that the higher your mixin, the higher the privacy (more ring signatures), and the more costly that transaction will be to you.

Hi!
Today i was thinking about an old affirmation of the dev about the fixed transaction cost amn how they will implement a "dynamic" fee based on the "weight" in kB of the transaction.
I had an idea, that probably will never work or is totally incorrect, but maybe someone smarter then me will have some usefull inspiration:

Monero is an anoncoin with possible multiple encription layer, you can choose, while sending the transaction, how much you want it to be encripted and, obviusly, more is encripted, more it weight and more it will cost.
I was wondering about an option who let people do not encrypt their transaction and then send it without transaction fee (or with really low fees). Plus, we can use both the current algo plus Proof of Stake; all the client will become node and they'll prioritize these "free" transaction while miners will prioritize encrypted transaction (that with their fees will help ghe network keep running). Client of the PoS, if i recall correctly, will act as a torrent client, sendind and receiving transaction with little power and bandwith consumption, but they'll not receive any payment (or a really small one, like an equal [not proportional] distribution of the low fees).
I think this could be a really good feature!

Please do not kill me for this tought and sorry for my bad English!

Damn right it would interest us (at least me ). Thanks for the link meeh!

I'll be in-line waiting to try out the browser bundle for sure .. I didn't even know that was a thing.

I guess this would interest you guys as much as the Anoncoin people/fans

https://geti2p.net/en/blog/post/2014/08/15/The-privacy-solutions-project

this is not a nonsense that is like the bitcoin as they have the same gbs of blockchain

Also interesting:  CZ has yet to comment on whether he is Andrei.  Not that it would impugn his code in any way.  As far as I can tell Andrei is quite competent.  Having committed many similar youthful indiscretions, I would not hold the past authorship of a botnet against him.

Is this CZ?  http://krebsonsecurity.com/wp-content/uploads/2012/01/Andrey-Sabelnikov.png

How does the Wild Keccak code compare to epee stylistically?

The pdf signatures being so out of whack are the most interesting part of that. I don't think those were looked into so heavily before. It's crazy to see that v1 paper was made after the v2 paper.

Worth a look:

"Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero)"

https://bitcointalksearch.org/topic/blowing-the-lid-off-the-cryptonotebytecoin-scam-with-the-exception-of-monero-740112

Yes you are right. 3/8*2=0.75 and 5/8*2=1.25. The point, however, still remains exactly the same.

#monero-de would make more sense. Principle of least astonishment, ISO 639.

We will solve this, or it will be a non-issue, before the blockchain reaches 20gb.

Most of that comes from a brief period when pools were generating a huge number of huge transactions to do tiny payouts. At the present time the rate of growth is about 5 MB per day or <2 GB per year. I would show a graph of this but monerochain is down right now.

There are two threats for the kryptoworld.

1. De-decentralization
When the hardware has to be updated all the time to more powerfull, there will be mostly left those few who have money to invest in. That means less decentralization. The solution is I guess to keep some way or other, mining by low-cost low-prower hardware competitive. ASIC-resistance and PoS-principle could be some of the solutions.

2. Ever expanding blockchain
Loading a full blockchain will take more time. Storing-capasity is not free either. This will decrease the amount of full-nodes. Again less decentralization. The solution could be taking from the existing blockchain all addresses and coins inside them, and copying them to just created new genesis-block. Then lets start the system and forget the old blockchain. Are there any principle-level problem to do this? There are for sure some practical ones, but they can be solved.


Bitcoin has been running now for more than five years, it has 45 000 000 transactions and the blockchain size is now 20GB. Monero just four moths, has about 170 000 transations and has blockchain sized of almost 1GB.

Something must be done. Or we will have a problem.

Does it have to be a volcano? I dont think there are any in the UK

Of course the actual numbers are $1.25 and $0.75 wealthier (for the numbers to add up to $10). Otherwise your example would prove his point and not yours

Well that's not terribly useful of them, with half of the coins life missing from the picture. Thanks for letting me know. I think I'll ask if they can do anything about it.

Wow. You and I have very different standards of what good customer service turn around times are. More than a day is terrible IMO.

There are 10 dollars in existence.

It's not you it's bitcoinwisdom.  They are using the data from when they started tracking XMR and didn't put in historical data.  I believe that's the way they do it with all alts.