Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1679. (Read 4670614 times)

yea unfortunately some amount of immoral things will come with this. it will help to facilitate kidnappings for ransom for example . Its very sad indeed, unfortunately life is all about trade-offs and sometimes you have to make hard choices.

In that case, I should rephrase.

Maybe immoral would be better instead of illegal, since all the things you've listed are immoral by the governments themselves.

But anyway, you guys are right. I was too quick to judge.

Heck yes i want people to be able to do "illegal" things. If the government says that all jews must report to the camps and that people are not allowed to hide them in their attic, hell yes i want people to be able to break that law. If the government says that saudi woman are not allowed to own private property than hell yes i want saudi woman to be able to break that law. If the government says that joe must fund some immoral war of aggression hell yes i want joe to have the tools necessary to break that law. Im not going to be coy about the fact that i want people to have the tools necessary to avoid exploitation at the hands of well armed tyrants. Im not ashamed of that. I'm not going to apologize for that. And i dont give a damn what other people think of me, or the technology that i use, because of it. But i assure you, it has nothing to do with me personally wanting to be able to buy drugs and get away with it.

Unfortunately, it is the only way to identify payments at this point. And I don't believe a better alternative is even a priority.

I think so. Thanks for pointing it out. I already raised the concern to BoolBerry dev crypto_zoidberg few days ago. He said payment ID is for exchanges only. It should not be used in other contexts

I agree. I forgot the meaning of the word private. What you do in your private time is for you to know only, whether you wish to share it or not.

Spoken like a true politician. "Why do you want privacy if you have nothing to hide?"

My reasons for privacy, legal or not, are none of your fucking business. And that's the point of Monero. All transactions should be private, without anyone having to justify themselves to anyone else.

I was just getting ready to fire back a heavy worded, not well thought out, assault.

But, it seems you guys are right. Monero should aim to be as private/anonymous as possible. Anything less is "giving in".

However, I got Very irritated seeing Anon136's response, it seemed like he only wanted the coin to do "illegal" things, that shouldn't be in the public eye. I believe in privacy centric coins, simply because we need them. In an ever growing, transparent world, were the government(NSA etc), are spying on every civilian in America, and in many parts around the world, we need things that would remind us that we are in control over our lives and our selves.



"than ill just take my capital elsewhere", Hehe I may seem like a immature noob, but I also contemplate investing a sizable amount in Cryptonote coins, well over 300k, much contemplation, little time.

What would "ruin it" is a coin that attempts to do it all. Monero is a coin for private transactions. If you want to make a "non-private" transaction, use bitcoin (or fiat, for that matter).

What stops governments from forcing businesses to require Pay IDs when accepting monero? What stops governments from forcing exchanges to use Pay IDs when users withdraw monero? Once anonymity can be circumvented, regulators will find a way to make it always so.

If we want anonymity to be protected, then every transaction on the block chain must be private.

You know what. The beauty of it is that we dont have to agree. If the devs of this project sacrifice the anonymity of users who need anonymity just so that it can have the flexability to do the things that we already have other cryptos for, than ill just take my capital elsewhere . We can both get what we want. Though i would posit that if you are willing to sacrafice the anonymity of everyone so that this network can be used like bitcoin, why not just go use bitcoin, it already isnt anonymous and it already works like bitcoin.

hear hear. this is not going to far. we dont need to fill the market niche of more transparent coins like bitcoin. we dont need to allow people the option to do things transparently. if they want that than they can go to bitcoin. we should be focusing on MAXIMUM anonymity and we should recognize that this will necissarily make transactions more expensive on our network than on bitcoin. but thats ok! this network isnt for average joe to buy his popcorn and dish soap. this is for people who need protection and are willing to pay for it. if you want to buy popcorn and hand soap, use bitcoin. anything that one user can do that might harm the anonymity of another user MUST be stopped.

Some people mine to sell it after few years when will be worth to sell, some mine to sell now. And those will mine such coins, that bring them at this moment most profit. So if price is as it is they will stop mining and go mine other coin. Network hash rate lowered for like 10-15% in last few days. More miners that immediately dump will see better profit elsewhere and will leave mining Monero, less Moneros will be on sale on exchanges and will slowly push price higher. that will bring more miners, and it will circle like this forever. Well until something else dont happen. Like was listing XMR on Poloniex and on Mintpal. That makes people speculate what will happen.

Good question.

Devs do you confirm Payment IDs reduce anonymity of THE SENDER, someway?

To whoever praised the Payment ID as a better alternative than multiple receiving addresses:

Multiple receiving addresses keeps anonymity intact in the blockchain, and thus will always be superior to Pay IDs. Payment IDs defeat the purpose of ring signatures and open doors for future regulation (businesses being required by law to collect Payment IDs for every transaction, etc.).

This is why I've said in the past that transactions should force mixin levels greater than 0. Any "features" that reduce anonymity in the block chain can be used against us in the future.

Payment IDs should be treated as a temporary solution until wallets are capable of creating multiple receiving addresses. At that point they should be removed entirely to prevent future abuse.

I just offer you two new points of view:

1. Real world economics grows as e^t or t^n, where t being historical time. So it's derivative is roughly e^t or t^(n-1). Physical sense of this derivative is the supply per unit time. So real world economics supply per unit time is exponential or polynomial too.

Bitcoin & monero supply per unit time FADES DRAMMATICALLY as e^(-t) or t^(-n). Consider most 'dangerious' time intervals, dt << t, that exactly that intervals you are afraid of. One can see coin supply is roughly constant at such small time intervals. So overall coins volume is just t^1, t <-[t0, t0+dt].

What does all that mean? FORGET coin inflation completely, even on short-term future! It does not matter at all!

2. Instead of mining, consider how to introduce Monero to wider masses of people. Imagine, think about services around Monero, what can you deliver to people to be useful for them?

p.s.

Given that, you make Monero growing as e^t or t^n. It's much easier to achive, because Monero grows inside a population, no need for the whole polulation to grow! If you consider deeper, such a growing may actualy be explosive - that exactly what we observe with Bitcoin worth margin call exploded to 80000:1 since 2009 to 2014.

p.s.2. So I attract all the people to test rpcwallet, see welcome at Monero missive, Jul 6.

user needs to have privilege to allocate pagelocked memory, application must run with administrator privileges. Worked for me in my test application.

... so that's actually a good sign :-)

villabacho asdddddddddd
even without the 5% to the dev
the hashrate dont change

Certain types of mining become unprofitable at current prices.

What do you think about the difficulty drop? Is it because people now run Claymore's miner without the dev fee at a hashrate penalty?