Author

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1662. (Read 4670972 times)

full member
Activity: 259
Merit: 100
I have to point out that Cryptonite would scale to that point <...>

Sorry, what difference between Cryptonote & Cryptonite? Few times saw this note->nite, trying to understand ... Is it typo error [I/O is near], or what? I just learning English everyday, but then i comes to crypto o0

P.S.
Was ashamed, then i found now my hackable(was)->unhackable(corrected) earlear posted today.  :|
legendary
Activity: 3570
Merit: 1959
Above post reminded me of something I meant to post earlier:

Apparently part of the proposed new Monero website will be a subsite which will allow for crowdfunding of dev projects, including setting bounties, voting on priorities and so forth. Sounds like the new platform which AnarchyStar is sponsoring to replace the BTC Foundation could be ideal for adaptation, cant remember the name of it right now but I'm pretty sure it was going to be opensourced?


EDIT - after a quick Google my powers of recall are immeasurably enhanced:

Reddit post announcing the winner = http://www.reddit.com/r/Bitcoin/comments/29n8o0/100000_bounty_winner_announcement/

Brief summary of main features to save busy ppl some reading:

Winner: Lighthouse (Mike Hearn)

    Crowdfunding platform, running completely on the Blockchain. Assurance contracts which send money back automatically if goals are not met.

    Will be able to fund Bitcoin core devs directly. They propose their schedule and goals, and they can set extra bonus features when they get extra funds (such as with Kickstarter).

    Will allow lobbyists to make proposals and be directly funded by the community, according to their capabilities

    Will allow many other community initiatives, such as supporting adoption in Africa by sponsoring ATMs, etc


yeah this was news last week in reddit/r/bitcoin. but.. what.. does it have to do with monero exactly, im missing that part, sorry. Smiley
sr. member
Activity: 252
Merit: 250
Above post reminded me of something I meant to post earlier:

Apparently part of the proposed new Monero website will be a subsite which will allow for crowdfunding of dev projects, including setting bounties, voting on priorities and so forth. Sounds like the new platform which AnarchyStar is sponsoring to replace the BTC Foundation could be ideal for adaptation, cant remember the name of it right now but I'm pretty sure it was going to be opensourced?


EDIT - after a quick Google my powers of recall are immeasurably enhanced:

Reddit post announcing the winner = http://www.reddit.com/r/Bitcoin/comments/29n8o0/100000_bounty_winner_announcement/

Brief summary of main features to save busy ppl some reading:

Winner: Lighthouse (Mike Hearn)

    Crowdfunding platform, running completely on the Blockchain. Assurance contracts which send money back automatically if goals are not met.

    Will be able to fund Bitcoin core devs directly. They propose their schedule and goals, and they can set extra bonus features when they get extra funds (such as with Kickstarter).

    Will allow lobbyists to make proposals and be directly funded by the community, according to their capabilities

    Will allow many other community initiatives, such as supporting adoption in Africa by sponsoring ATMs, etc
newbie
Activity: 50
Merit: 0
I think the point is still valid. Getting $5k or $10k each is not going to drastically change the amount of time you can spend on XMR over a six month or one year period, and given the donation amounts posted so far, its unlikely to even reach that much.

Perhaps it might be beneficial to publically state a commitment goal for the various devs. Something like:

Dev 1: if donations > x, then time spent on XMR will be >= t
Dev 2: if donations > x, then time spent on XMR will be >= z,

etc...

That will let the community know how much they need to raise to achieve a certain level of time or commitment or feature set. Its usually much easier to raise money for a set goal than an amorphous one.


None of us have full-time day jobs - all of us have companies or we work for ourselves or we work as freelancers.
sr. member
Activity: 560
Merit: 250
"Trading Platform of The Future!"
It can work for 99% of people, if those people just use it as a form of savings account, a tax haven in the cloud if you will. Obviously not if they are trying to use it for all of their expenditures. But no blockchain will ever scale to that point. Certainly bitcoin will never be able to be used by average joe for day to day transactions. Atleast not in a reasonably decentralized form.
I have to point out that Cryptonite would scale to that point with its "mini-blockchain", but it doesn't help much if you want anonymity. Maybe next there will be a scalable currency with anonymity. I doubt there will be one cryptocurrency for all uses...
hero member
Activity: 518
Merit: 521
It can work for 99% of people, if those people just use it as a form of savings account, a tax haven in the cloud if you will. Obviously not if they are trying to use it for all of their expenditures. But no blockchain will ever scale to that point. Certainly bitcoin will never be able to be used by average joe for day to day transactions. Atleast not in a reasonably decentralized form.

the point is that monero is perfect for "survive the coming global police state" Large amounts in and large amounts in and large amounts out. Put 10,000 dollars in, and when ever you need some cash, withdraw atleast 1000 of it at a time.

You are conflating two orthogonal issues:

1. Whether Monero's ring signatures can scale.

2. Whether the I2P+ring is secure against the global police state.

Even if you are correct that limited transactions would allow #1 to scale, it doesn't diminish the fact that #2 is not secure against the global police state.

Personally I want an anonymous coin that I can also transact in, not just a saving account. Because without transactions, the coin won't survive or have network effects value. Again see the mathematical analysis of valuations that we did.
legendary
Activity: 1722
Merit: 1217
I mean, you are the same guy who said Bitcoin is a ponzi sheme...

Reading through your posts, i see a lot of flaming...

I am also the guy who correctly predicted BTC to drop to $350 and predicted the price rise to slow down due to a mathematical analysis.

Theres simply nothing better than TOR or I2P we have, absolutely nothing, if you can create a better solution...

Correct there is nothing better at the moment for obfuscating the IP address.

Please understand that analysis is orthogonal from inventing new solutions. I am providing analysis.


This is useless against the hunt for wealth coming from the bankrupt socialism in the G20 countries:


 Shocked Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

May be too late to wait to add real protection that I2P and Tor don't provide. ETA for global sovereign debt collapse starts Oct. 2015.

P.S. note I edited my post to change "useless" to "not sufficient".

Oh, I think that I2P+Ring Sigs would offer be more than the perfect anonymous combo for 99.99% of people. And of course, any NSA proof anonymity/what you suggested, should be done, but IMO, after the I2P is already done.

Besides the analysis that ring signatures (at least in the way they are employed in Monero and CryptoNote) are not scalable and thus can't target a large ("99%" of) population, they are not going to provide anonymity for those who want to protect their wealth from the coming global confiscation by the bankrupted western society.

Yes they can provide anonymity against hackers who don't have a backdoor on all traffic passing over the internet, but that is not the point at all for me as to why I wanted an anonymous coin. The entire point all along for me has been how to survive the coming global police state.

It can work for 99% of people, if those people just use it as a form of savings account, a tax haven in the cloud if you will. Obviously not if they are trying to use it for all of their expenditures. But no blockchain will ever scale to that point. Certainly bitcoin will never be able to be used by average joe for day to day transactions. Atleast not in a reasonably decentralized form.

the point is that monero is perfect for "survive the coming global police state" Large amounts in and large amounts in and large amounts out. Put 10,000 dollars in, and when ever you need some cash, withdraw atleast 1000 of it at a time. People who use swiss bank accounts right now arnt using them for every day transactions, they put large sums in, and take large sums out.

*edit* also you can have 1 cryptonote currency for each city, and then one for trading between them. a local currency that you can do smaller trades in and a global currency for moving back and forth between the local ones
hero member
Activity: 518
Merit: 521
I mean, you are the same guy who said Bitcoin is a ponzi sheme...

Reading through your posts, i see a lot of flaming...

I am also the guy who correctly predicted BTC to drop to $350 and predicted the price rise to slow down due to a mathematical analysis.

Theres simply nothing better than TOR or I2P we have, absolutely nothing, if you can create a better solution...

Correct there is nothing better at the moment for obfuscating the IP address.

Please understand. Analysis is orthogonal to inventing new solutions. I am providing analysis.


This is useless against the hunt for wealth coming from the bankrupt socialism in the G20 countries:


 Shocked Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

May be too late to wait to add real protection that I2P and Tor don't provide. ETA for global sovereign debt collapse starts Oct. 2015.

P.S. note I edited my post to change "useless" to "not sufficient".

Oh, I think that I2P+Ring Sigs would offer be more than the perfect anonymous combo for 99.99% of people. And of course, any NSA proof anonymity/what you suggested, should be done, but IMO, after the I2P is already done.

Besides the analysis that ring signatures (at least in the way they are employed in Monero and CryptoNote) are not scalable and thus can't target a large ("99%" of) population, they are not going to provide anonymity for those who want to protect their wealth from the coming global confiscation by the bankrupted western society.

Yes they can perhaps provide anonymity against hackers who don't have a backdoor on all traffic passing over the internet, but that is not the point at all for me as to why I wanted an anonymous coin. The entire point all along for me has been how to survive the coming global police state.
sr. member
Activity: 252
Merit: 250
DarkWallet (which uses CoinJoin but has nothing to do with Darkcoin) gets a nice PR piece by Wired here - http://www.wired.com/2014/07/inside-dark-wallet/

Trouble is, when I read it I can't help thinking they are going to all this effort to reverse engineer a level of anonymity onto Bitcoin which will always be questionable. If Monero can get to a similar level of user friendliness within a sensible timeframe then it has all those questions answered and no doubt Wired will be publishing articles like "Monero - the currency of liberty?". At least I hope that will happen....
hero member
Activity: 532
Merit: 500
This is useless against the hunt for wealth coming from the bankrupt socialism in the G20 countries:


 Shocked Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

May be too late to wait to add real protection that I2P and Tor don't provide. ETA for global sovereign debt collapse starts Oct. 2015.

P.S. note I edited my post to change "useless" to "not sufficient".

Did you ever do something except talking? Serious question.

I mean, you are the same guy who said Bitcoin is a ponzi sheme - and we are here in the Bitcoin forum... (https://bitcointalksearch.org/topic/m.1668999)

Reading through your posts, i see a lot of flaming, dissing of bitcoin and everything else and claiming there are "better" ways, but - absolutely no concrete solutions.

Theres simply nothing better than TOR or I2P we have, absolutely nothing, if you can create a better solution - feel free to make a pull request to our github, i will even pay you for it.
hero member
Activity: 770
Merit: 500
This is useless against the hunt for wealth coming from the bankrupt socialism in the G20 countries:


 Shocked Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

May be too late to wait to add real protection that I2P and Tor don't provide. ETA for global sovereign debt collapse starts Oct. 2015.

P.S. note I edited my post to change "useless" to "not sufficient".

Oh, I think that I2P+Ring Sigs would offer be more than the perfect anonymous combo for 99.99% of people. And of course, any NSA proof anonymity/what you suggested, should be done, but IMO, after the I2P is already done.
hero member
Activity: 518
Merit: 521
This is useless against the hunt for wealth coming from the bankrupt socialism in the G20 countries:


 Shocked Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

May be too late to wait to add real protection that I2P and Tor don't provide. ETA for global sovereign debt collapse starts Oct. 2015.

P.S. note I edited my post to change "useless" to "not sufficient".
hero member
Activity: 770
Merit: 500
Update: 2014/05/25

The Monero team is happy to announce that we will be sponsoring development on the I2P project with a view to baking I2P support in to Monero!

What is I2P?

I2P is the Invisible Internet Project. Its design goals are somewhat similar to projects such as Tor and Freenet - allowing people to use the Internet in a completely private fashion, without fear of anyone looking over their proverbial shoulder. Tor is currently usable as a communications layer for Monero merely by using the Tor tools to reroute traffic over the Tor network. However, I2P presents a challenge, as the current router software is written in Java, and the Monero project would not like to add Java as a dependency, neither would it make sense to add is as an attack surface.

What does this mean?

As work progresses on this, the Monero project will be able to include I2P as an optional communications layer without requiring the running of a full Java router. Monero users that choose not to use I2P will, of course, be able to use the open web for communication, but it is our aim that I2P will be the default communication method for many (or most) Monero nodes. And all of this will be done without compromising our user's privacy or overcomplicating core requirements!

When will this be available?...


This is not sufficient against the hunt for wealth coming from the bankrupt socialism in the G20 countries:


 Shocked Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....
hero member
Activity: 518
Merit: 521
Update: 2014/05/25

The Monero team is happy to announce that we will be sponsoring development on the I2P project with a view to baking I2P support in to Monero!

What is I2P?

I2P is the Invisible Internet Project. Its design goals are somewhat similar to projects such as Tor and Freenet - allowing people to use the Internet in a completely private fashion, without fear of anyone looking over their proverbial shoulder. Tor is currently usable as a communications layer for Monero merely by using the Tor tools to reroute traffic over the Tor network. However, I2P presents a challenge, as the current router software is written in Java, and the Monero project would not like to add Java as a dependency, neither would it make sense to add is as an attack surface.

What does this mean?

As work progresses on this, the Monero project will be able to include I2P as an optional communications layer without requiring the running of a full Java router. Monero users that choose not to use I2P will, of course, be able to use the open web for communication, but it is our aim that I2P will be the default communication method for many (or most) Monero nodes. And all of this will be done without compromising our user's privacy or overcomplicating core requirements!

When will this be available?...


This is not sufficient against the hunt for wealth coming from the bankrupt socialism in the G20 countries:
legendary
Activity: 2968
Merit: 1198
Hey dont follow the coin that much, but can somebody explain me why the price is down from 0.008 to 0.0028?

And will it go back up?

Thanks

Actual question is why the price was up from 0.0028 to 0.008 at Jun 22. Finding answer that, you win a prize.

Say about Monero your friends, donate dev team, don't mine, create a service for Monero, and you'll for sure price will go up.


Extreme hype about being listed on mintpal when the coin was already very heavily traded (as in most heavily traded coin in the history of the exchange I believe) on poloniex. One more exchange was really not a big enough of a liquidity event to account for a 3x increase in value, so once the hype and mania was over, the price returned to normal.



legendary
Activity: 2968
Merit: 1198
Hey dont follow the coin that much, but can somebody explain me why the price is down from 0.008 to 0.0028?

And will it go back up?

Thanks

Actual question is why the price was up from 0.0028 to 0.008 at Jun 22. Finding answer that, you win a prize.

Say about Monero your friends, donate dev team, don't mine, create a service for Monero, and you'll for sure price will go up.


Well actually its probably better if you do mine if you are intending on holding the coins, means less for the people who intend to mine&sell. Obviously that only works so far, if too many mine and hold then the price goes up and attracts more to mine&sell Smiley

There is no real difference between mining and holding on the one hand and buying and holding on the other hand. The latter is easier and cheaper to do at scale for many people who aren't expert miners, and has the exact same effect on the price. So it is likely the better approach for most.

Small scale mining where you just turn on mining in the wallet on a computer you already own ("start_mining" command) and are already running a wallet would be an exception. Everyone who wants to support this coin (and perhaps get lucky and receive a nice block of free coins) should do that. 

legendary
Activity: 3570
Merit: 1959
Hey dont follow the coin that much, but can somebody explain me why the price is down from 0.008 to 0.0028?

And will it go back up?

Thanks

Actual question is why the price was up from 0.0028 to 0.008 at Jun 22. Finding answer that, you win a prize.

Say about Monero your friends, donate dev team, don't mine, create a service for Monero, and you'll for sure price will go up.


Well actually its probably better if you do mine if you are intending on holding the coins, means less for the people who intend to mine&sell. Obviously that only works so far, if too many mine and hold then the price goes up and attracts more to mine&sell Smiley

For me, I'm able to mine a whopping .5 xmr a day using claymores miner and one  amd r9 270 card per day. I can only make about .78 USD per day or two on other sites. Or, maybe its because moneropool.com just rocks, I dunno, but I'm mining, sorry!
hero member
Activity: 658
Merit: 500
Admin of DwarfPool.com

On Dwarfpool you can determine your rigs SEPARATELY for better vardiff, lower rejects and detailed statistic.

You can also mine direct to any exchange. more details on http://dwarfpool.com/xmr


1% fee forever for members who will come within next 4 days! From Wednesday 16.07 fee will increase to 2%  



hero member
Activity: 658
Merit: 500
Admin of DwarfPool.com
Reliable DwarfPool for Monero

http://dwarfpool.com/xmr

* The most profitable and fair RBPPS.
  True round based payment system, proportional your shares
  
* Maxmimum transparent and detailed statistic

* Monitoring of every rig via email

* Anonymous, no registration required

* No transaction fee, no stealing shares, no hidden fees

* Autopayouts from 0.1 XMR once an hour

* Powerful dedicated servers worldwide.
  Choose the closest one as a main server, the others as backup or use them at once.
  All your shares will be calculated from all servers!

* 100% failover-infrastructure uptime

* DDoS protection by different providers

* Excellent Support 24/7 in english, pyccкий, deutsch

http://dwarfpool.com/xmr


DwarfPool Quality you can trust!
legendary
Activity: 3570
Merit: 1959
Jump to: