[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1638.

Brilliantrocket

hero member

Activity: 826

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Quote from: ?? on ??

Quote from: Brilliantrocket on July 15, 2014, 08:14:41 PM

If you don't have perpetual emission of coins, the cost of mounting an attack will drop to the point that it becomes trivial. Not sure why everyone fears a low perpetual inflation.

hahaha and here we have the proof I wanted, a know troll and monero basher wanting perpetual emission of coins because, of course, it will kill the coin for investors instantly, well I'm not worried, I dumped doge at 250 when I saw this coming and many will do the same if Monero chose this route.

That's rather shortsighted.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

I absolutely abhor fixed % inflation. It serves no useful purpose and creates great danger. Fixed reward is ideal because the value of the reward increases with the value of the coin, which is insured to happen because of economic growth. Thus securing the network does not depend on xn fee inflation. It is the most stable and sustainable scenario possible. Since it is a fixed quantity, it does not lead to supply inflation.

Exponential growth is never sustainable, ever.

Brilliantrocket

hero member

Activity: 826

Merit: 500

If you don't have perpetual emission of coins, the cost of mounting an attack will drop to the point that it becomes trivial. Not sure why everyone fears a low perpetual inflation.

dga

hero member

Activity: 737

Merit: 511

Quote from: AnonyMint on July 15, 2014, 01:13:31 PM

Quote from: AnonyMint on July 15, 2014, 12:32:30 PM

Btw, there is no way to prevent ASICs. But the problem with ASICs is not their existence, but rather that they are not readily available on time to everyone in the same efficiencies. So if you want to defeat this problem, you've got to think about it a totally different way.

You think I haven't been working eh. Wink

Hint: does every user in the world need the most power efficient implementation of SHA-2 such that Intel would make it happen in every PC? No. This is why there is an ASICs problem for Bitcoin, wherein there isn't anymore equal access to efficiencies in mining.

Funny you'd say that, because the answer is: Yes.

http://en.wikipedia.org/wiki/Intel_SHA_extensions

They'll probably be available some time in 2015.

But if I were to make a *completely* wild guess based upon the relative speed of AES, it won't bring CPUs into anything near parity with ASICs -- but it might just narrow the gap with GPUs to a factor of two.

statdude

legendary

Activity: 1498

Merit: 1000

Quote from: Anon136 on July 15, 2014, 07:23:29 PM

Quote from: binaryFate on July 15, 2014, 07:21:50 PM

Quote from: Anon136 on July 15, 2014, 07:15:49 PM

So I've been trying to think what I could do to help the community. My last idea didn't work out. So I was thinking, what if I made it super easy for people to acquire monero.

1) Send bitcoin to address through blockchain.info with a note attached containing your monero address. (or alternatively digitally sign your monero address with what ever bitcoin address you send from)
2) I use that much bitcoin to perform a market order on the exchange
3) I send how ever much monero I am able to buy to your monero address

Would anyone be interested in this service. You benefit because you don't have to make an account a poloniex or find people in the otc. I benefit because people buying pushes up the price and i hold a monero or two myself.

The only thing is that maybe going onto the exchange and buying yourself is easy enough that this isnt worth it but im curious what you guys think. if this sounds like a service that would be super valuable to you than who am I to judge.

Would probably be more interesting if you make it as automatic as possible (ie, immediate) with a fixed price. Fixed price not being absolute of course, but something like poloniex + N%.
Not knowing how much XMR you'll get when sending your BTC would be very hard to most people, I think.

I don't know enough about security to make something liek this and not get hacked.

Ive been pinged more than once buy buyers not willing to use exchange.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: binaryFate on July 15, 2014, 07:21:50 PM

Quote from: Anon136 on July 15, 2014, 07:15:49 PM

So I've been trying to think what I could do to help the community. My last idea didn't work out. So I was thinking, what if I made it super easy for people to acquire monero.

1) Send bitcoin to address through blockchain.info with a note attached containing your monero address. (or alternatively digitally sign your monero address with what ever bitcoin address you send from)
2) I use that much bitcoin to perform a market order on the exchange
3) I send how ever much monero I am able to buy to your monero address

Would anyone be interested in this service. You benefit because you don't have to make an account a poloniex or find people in the otc. I benefit because people buying pushes up the price and i hold a monero or two myself.

The only thing is that maybe going onto the exchange and buying yourself is easy enough that this isnt worth it but im curious what you guys think. if this sounds like a service that would be super valuable to you than who am I to judge.

Would probably be more interesting if you make it as automatic as possible (ie, immediate) with a fixed price. Fixed price not being absolute of course, but something like poloniex + N%.
Not knowing how much XMR you'll get when sending your BTC would be very hard to most people, I think.

I don't know enough about security to make something like this and not get hacked.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: Anon136 on July 15, 2014, 07:15:49 PM

So I've been trying to think what I could do to help the community. My last idea didn't work out. So I was thinking, what if I made it super easy for people to acquire monero.

1) Send bitcoin to address through blockchain.info with a note attached containing your monero address. (or alternatively digitally sign your monero address with what ever bitcoin address you send from)
2) I use that much bitcoin to perform a market order on the exchange
3) I send how ever much monero I am able to buy to your monero address

Would anyone be interested in this service. You benefit because you don't have to make an account a poloniex or find people in the otc. I benefit because people buying pushes up the price and i hold a monero or two myself.

The only thing is that maybe going onto the exchange and buying yourself is easy enough that this isnt worth it but im curious what you guys think. if this sounds like a service that would be super valuable to you than who am I to judge.

Would probably be more interesting if you make it as automatic as possible (ie, immediate) with a fixed price. Fixed price not being absolute of course, but something like poloniex + N%.
Not knowing how much XMR you'll get when sending your BTC would be very hard to most people, I think.

Anon136

legendary

Activity: 1722

Merit: 1217

So I've been trying to think what I could do to help the community. My last idea didn't work out. So I was thinking, what if I made it super easy for people to acquire monero.

1) Send bitcoin to address through blockchain.info with a note attached containing your monero address. (or alternatively digitally sign your monero address with what ever bitcoin address you send from)
2) I use that much bitcoin to perform a market order on the exchange
3) I send how ever much monero I am able to buy to your monero address

Would anyone be interested in this service. You benefit because you don't have to make an account a poloniex or find people in the otc. I benefit because people buying pushes up the price and i hold a monero or two myself.

The only thing is that maybe going onto the exchange and buying yourself is easy enough that this isnt worth it but im curious what you guys think. if this sounds like a service that would be super valuable to you than who am I to judge.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: tacotime on July 15, 2014, 05:04:45 PM

Quote from: Anon136 on July 15, 2014, 03:07:35 PM

Ok so im reading the mini blockchain whitepaper. It appears to be a marginal improvement in some ways but it doesnt address the fundemental difficulty in scaling blockchains. The scalability problem doesn’t have anything to do with the size of the blockchain. It comes from the fact that each actor's transactions must be verified by all other network participants. Its the same math as network effects, except its a negative network effect.

Suppose actors make 1 transaction per minute.

1 actors = 0 verifications because he doesnt need to verify his own transactions.
2 actors = 2 transactions per minute. 2 * 2 actors = 4 transactions verifications. They dont need to verify their own so 4 - 2 = 2.
3 actors = 3 transactions per minute. 3 * 3 = 9 verifications. they dont need to verify their own so 9 - 3 = 6.
4 actors = (4*4)-4=12
5 actors = (5*5)-5=20
ect...

0,2,6,12,20,30,42,56,72

This very quickly gets out of hand when you consider that there is a cost associated with verifying a transaction. even if that cost is infinitesimal.

Maybe the miniblockchain addresses this criticism and I just missed it though.

I've been perpetually confused as to how the finite miniblockchain scheme can possibly be used to enforce data consensus in a byzantine generals problem-like network. I'd appreciate it if someone could ELI5 it to me.

It does it by having a blockchain and in that blockchain they store a merkel root hash of the database of all active addresses and their balances. In essense it solves it exactly the way bitcoin does, just at its core its being used to enforce consensus on a record of account balances rather than a record of transactions.

RentaMouse

sr. member

Activity: 252

Merit: 250

Please excuse me a bit of advertising, I try and keep 95% of my posts intelligent/helpful so hopefully people will allow me the odd diversion

http://cryptonotepool.org.uk/ has decided to donate all of our 1% pool fee to the XMR dev fund for at least the next two weeks of mining!

Just about to hit our 700th mined block so the pool is tried and tested over several weeks, added more cpu cores recently to cope with 40k connections from a rogue botnet attack.

If you're mining XMR then maybe consider pointing 1 cpu/gpu our way, or add us to your backup pools list - you'll still be earning the same and investing in the future of Monero at the same time

Our Information for Miners page has all details, for experienced miners and new starters

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: Anon136 on July 15, 2014, 03:07:35 PM

Ok so im reading the mini blockchain whitepaper. It appears to be a marginal improvement in some ways but it doesnt address the fundemental difficulty in scaling blockchains. The scalability problem doesn’t have anything to do with the size of the blockchain. It comes from the fact that each actor's transactions must be verified by all other network participants. Its the same math as network effects, except its a negative network effect.

Suppose actors make 1 transaction per minute.

1 actors = 0 verifications because he doesnt need to verify his own transactions.
2 actors = 2 transactions per minute. 2 * 2 actors = 4 transactions verifications. They dont need to verify their own so 4 - 2 = 2.
3 actors = 3 transactions per minute. 3 * 3 = 9 verifications. they dont need to verify their own so 9 - 3 = 6.
4 actors = (4*4)-4=12
5 actors = (5*5)-5=20
ect...

0,2,6,12,20,30,42,56,72

This very quickly gets out of hand when you consider that there is a cost associated with verifying a transaction. even if that cost is infinitesimal.

Maybe the miniblockchain addresses this criticism and I just missed it though.

I've been perpetually confused as to how the finite miniblockchain scheme can possibly be used to enforce data consensus in a byzantine generals problem-like network. I'd appreciate it if someone could ELI5 it to me.

Fredericolitch

member

Activity: 82

Merit: 10

Quote from: fluffypony on July 15, 2014, 04:51:48 PM

Quote from: Fredericolitch on July 15, 2014, 04:41:52 PM

Sorry for the question, did not find any answer, i'd just like to change my wallet password, is anyone could give me the command line to do so ?

I guess, when you use the .net gui, it is in the debog windows, right ?

It's not possible at present, we will add this functionality in future:) If you want to change your password right now you have to restore your wallet from the 24 word deterministic seed, or you have to create a new wallet and move your funds over.

Oh ok, thx for the fast answer

Will have to resign to create another wallet so

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: AnonyMint on July 15, 2014, 02:32:47 PM

For miner that will be widely accessible to the general public, this problem could already be solved for Bitcoin ...

Which has nothing to do with Monero.

Again I ask to please keep posts on this thread directly related to Monero. Some of the comments you have posted are directly related, but many are clearly not. Please post the rest elsewhere.

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: iloveny161 on July 15, 2014, 04:50:01 PM

Dev team, could you guys give some more info on who wrote the whitepaper review? http://monero.cc/downloads/whitepaper_review.pdf

It just says that he is a mathematician, but that's pretty vague and it would be great if we could look at some of his research/other papers.

I can't find anything about him on google either.

It's a pseudonym (hence the shout out to Emmy Noether), same as Satoshi Nakamoto, same as Nicolas van Saberhagen. If he chooses to identify himself in future that is his prerogative, but he has asked to remain under the guise of a pseudonym at this stage.

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: Fredericolitch on July 15, 2014, 04:41:52 PM

Sorry for the question, did not find any answer, i'd just like to change my wallet password, is anyone could give me the command line to do so ?

I guess, when you use the .net gui, it is in the debog windows, right ?

It's not possible at present, we will add this functionality in future:) If you want to change your password right now you have to restore your wallet from the 24 word deterministic seed, or you have to create a new wallet and move your funds over.

iloveny161

newbie

Activity: 15

Merit: 0

Dev team, could you guys give some more info on who wrote the whitepaper review? http://monero.cc/downloads/whitepaper_review.pdf

It just says that he is a mathematician, but that's pretty vague and it would be great if we could look at some of his research/other papers.

I can't find anything about him on google either.

mindless

member

Activity: 94

Merit: 10

Quote from: btell on July 15, 2014, 02:46:17 PM

Hello guys,

I observe that connections to the XMR pools are unstable today world-wide, I tried them from two independent geographical places with both Wolf's & Nvidia miners. Does anybody know, are most XMR pools under DDOS today?

There was a botnet set up to hop between pools. It makes too many connections and the pool stops working normally.

Zone117x has updated the pool code and set up some protection.

Stable mining at: http://pool.cryptoescrow.eu: Updated to new code w/ payment history & automatic donations to Monero development

Fredericolitch

member

Activity: 82

Merit: 10