Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1673. (Read 4671953 times)

But that's amazing!  I'm in.  What are people waiting for?

But that's amazing!  I'm in.  What are people waiting for?

absolutely, no one will ever know the size of your original xmr stash, only possible to know is what was converted to btc and/or cash.

Most smartphones?

good question lol, and in the scenario you get rich from XMR, it will for sure be accepted in lots of places so in the ideal world you trade services directly with xmr, otherwise you'll have to deal with xmr->btc or even xmr->btc->cash transactions.

Well i didn't say that but i still tend to agree with it. Who the heck runs a 32 bit machine any more? Like actually tell me someone you know who does and isnt >90 years old.

Well i didn't say that but i still tend to agree with it. Who the heck runs a 32 bit machine any more? Like actually tell me someone you know who does and isnt >90 years old.

The majority of internet-connected computers are 32-bit, no PAE.

It is a serious freaking problem.

+1 lol

During World War II, George Orwell wrote regular articles for Partisan Review, an American magazine. Near the end of the war, he wrote a retrospective in which he discussed what he had gotten right and what wrong.9 One of his conclusions was that he was generally right about the way the world was moving, wrong about how fast it would get there. He correctly saw the logical pattern but failed to allow for the enormous inertia of human society.

Similarly here. David Chaum’s articles laying out the groundwork for fully anonymous electronic money were published in technical journals in the 1980s and summarized in a 1992 article in Scientific American. Ever since then various people, myself among them, have been predicting the rise of ecash along the lines he sketched. While pieces of his vision have become real in other contexts, there is as yet nothing close to a fully anonymous ecash available for general use. Chaum himself, working with the Mark Twain Bank of Saint Louis, attempted to get a semi-anonymous ecash into circulation – one that permitted one party to a transaction to be identified by joint action of the other party and the bank. The effort failed and was abandoned.10

One reason it has not happened is that online commerce has only very recently become large enough to justify it. A second reason, I suspect but cannot prove, is that national governments are unhappy with the idea of a widely used money that they cannot control and so are reluctant to permit (heavily regulated) private banks to create such a money. A third and closely related reason is that a truly anonymous ecash would eliminate a profitable form of law enforcement. There is no practical way to enforce money-laundering laws once it is possible to move arbitrarily large amounts of money anywhere in the world, untraceably, with the click of a mouse. A final reason is that ecash is only useful to me if many other people are using it, which raises a problem in getting it started.

These factors have slowed the introduction of ecash. I do not think they will stop it. It only takes one country willing to permit it and one issuing institution in that country willing to issue it, to bring ecash into existence. Once it exists, it will be politically difficult for other countries to forbid their citizens from using it and practically difficult, if it is forbidden, to enforce the ban. There are a lot of countries in the world, even if we limit ourselves to ones with sufficiently stable institutions so that people elsewhere will trust their money. Hence my best guess is that some version of one of the moneys I have described in this chapter will come into existence sometime in the next decade or so.

go to github and see for yourself, no one has to prove anything to you or anyone here, first you need to learn how opensource works, anyway, keep crying your fud, it wont chance anything.

Using Bitcoin wanting to protect your stash from prying is a real pain because you have to take extra precautions and use other services, while with Monero you can just have one address and use different levels of mixing when sending transactions to match the level of privacy you would like to ensure, this is what bitcoin had to be since day one, but they got most of the people saying its a plus for accountability, and it really is and thats why I think bitcoin and monero will co-exist.

TFT is a "founding father" for using CN open source code.
XMR Devs are "thieves" for using CN open source code.

Double standard much?

Also look up open source: http://en.wikipedia.org/wiki/Open_source

Any mixin greater than zero is enough to provide plausible deniability in the block chain, though larger mixins provide additional security by cripling the ability to rule out other parties as possible transactors.

Cryptonote does provide the promise of real anonymity. Its just a question of how high of a mixin count does the software force on everyone. Also you have to do some other things like smart ring signature matching and an alternative to payment ID's. If we do all of this and force a mixin count of something like 6 on everyone than transactions would be quite expensive, however no one, not even the nsa, could ever figure out what the heck was going on inside of our network. If you just want to protect against blanket spying but not targeted spying against specific individuals than everyone using a mixin count of 2 or 3 would probably be plenty. So its a trade off, true anonymity is possible just expensive. As for gangsters in mexico, no problem, the software in its current form could probably protect you from that.

OK, so there is no such thing as a completely anonymous crypto coin.  I get it.  Also, like most people, I accept that if the US govt. really wants to find out what I am up to financially or otherwise, they will be able to do this.  Call me a traitor to the crypto movement, but I really don't give a rat's ass about the NSA, wikileaks, Snowden, etc.  If the state really wants to come down on our freedoms, it will, sorry. That said, would one of you crypto nerds please answer the following question: If I become stinking rich buying XMR at current prices and decide to retire down in good old Mexico in two years (or less - more likely) with chicas and tequila, will the anonymity it does provide at least protect me from Mexican gangsters?  If you can assure me that it will, then of course I'm in.

  If the state really wants to come down on our freedoms, it will, sorry.

If you're still running 32-bit, you probably are a senior or something and shouldn't be messing with magic internet money.