Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1694. (Read 4670972 times)

On the latter, as the resident fan of both XMR and BBR (but with more of a financial interest in BBR, full disclosure):

BBR is a good hedge against XMR in isolation, because it's the only other non-BCN cryptonote with an independent and active developer.  There are not a lot of developers in general out there yet who are capable of fixing bugs and improving upon the Bytecoin source.  Hopefully, with some success, that will change, but for now, the XMR and BBR teams are the only serious games in town.  It also has some advantages as a hedge in the way it's departing from BCN/XMR in its blockchain management -- *if* blockchain size becomes one of the biggest limiting factors (unknown, and betting against moore's law has not been a historically great idea), for example, it has a head start.

But, of course, BBR is a poor hedge against risks from outside the cryptonote family, such as one of the bitcoin carbon-copies actually managing a strong anonymity solution in a way that can easily integrate to the existing bitcoin ecosystem.  While I don't think it's likely in the short term (the existing mixer solutions are relatively poor compared to the CN ring signature mixins), such an event would hurt both XMR and BBR.

So, as with all hedges -- it depends what you're hedging against.

(Re #2:  HitBTC offers market maker contracts with fee redemptions and cash incentives for maintaing particular spreads, but I don't know of other markets that do this.)

Curious to see if this coin can handle Bitcoin level transaction volumes.

Ok but it isnt 500 mb per day is it? i mean it doesnt take me long at all to get caught up when i run my client after its been down for a day so i cant imagine that im downloading 500 mb in a minute or two.

How does some degree of knowledge change that there is almost 500MB/day of network traffic required even when tx volume is negligible. Also I am seriously confused as to why the blockchain.bin files seem to be so much smaller than the P2P counterpart.
At this rate, by the end of one year the chain will be so large that it will exceed by 250GB monthly cap just to download it. Sounds like dangerous territory for the coin.

Judging by your post yesterday ;



I don't think we have too much to worry about you being "slowed down temporarily"...

Its a brand new project that is completely different to BTC, in some environments that aren't standard 64 bit windows some degree of knowledge is required.

Don't think for a second that I will be stopped by this. Merely slowed down temporarily. I'm not sure what kind of high tech knowledge you need to have your system nearly destroyed and the life sucked out of your internet.

Posts like this just make me want to buy more and more XMR..thank you 

All those other coins you are mining are just forks of bitcoin. They come built in with years of professional development and polishing. This is a new project with new code. Polish and user friendliness will come. Right now the devs are more focused on developing a solid core before making it accessible to every joe dick and harry.

Wow this is the worst coin. There are not enough expletives to describe my experience fully. All I want to do is mine and dump, but oh so hard. First I get miner, check, seems to work but pool wants an address. No online wallets available so try to use exchange address but they all need payment ID. Uh oh, so here comes the wallet.  Stupid mother %^&* website. Go to downloads, says "Links for the binaries, source and other are available on getting started." which is like not a huge puzzle, but wtf is wrong with the people making this thing. Better believe those linux binary links at the top dont work. Dynamically linked against some strange ass glibc and boost. Try to go to "compilation instructions" link, well that doesn't work either. Amateur hour!. So I try to download that script. Which gives no warning to the fact that it is about to modify your apt-sources and try to hard upgrade your system libraries to incompatible versions. Like guess what folks, I use my computer to run other programs other than Monero!

Eventually I got the boost source installed and built, but monero never built fully. Suffering from some linker errors. I tried many different git revisions with same trouble. Finally give up and decide to use win32 binary inside of VM. Fairly painless to get an address using simplewallet. But now I want to send this crap coin to the exchange to drop it like it's hot. Not so fast in Monero land. Seems a blockchain.bin cannot be downloaded for 32bit windows for some reason. Which is nominally fine since even if i had it there seems to be no explanation of where to put the stupid file, so I decide to do the old fashioned sync. Well this has been going on for some time now, and my VM has downloaded over 40GB!!!! of data for 78 days of history. It already filled up the disk and I had to start deleting things. Although deleting the actual blockchain when this nightmare is over seems unlikely as I can't %^&* find it.

Please blow up this coin so I don't have to mine it anymore.

Because Bitcoin is traceable and only quasi anonymous, with mass surveillance a real thing it makes sense if you want to transact privately. Dont forget with good blockchain forensics by just paying for a small thing p2p someone can identify your general wealth etc. Dont get me wrong there are plenty of ways to mitigate the problem but from a general ease of use POV if its anon by default its generally just better.

Thats the great thing, I agree that it will be great for private transactions and in a P2P world without banks a lot of day to day transaction will become private. But it can do both, it can be great as an anon day to day currency lending the general population a modicum of privacy and well suited to the private transactions you speak of.

XMR Pool / Monero Pool *REVIEW* Article released: http://bitcoinfeeds.com/monero-xmr-pool-review-cooltys-cool


^^ QUOTED FROM THE ARTICLE REVIEW:  http://bitcoinfeeds.com/monero-xmr-pool-review-cooltys-cool

Using the gui wallet that is some have been using - I have my address where is my private code?

I think this is the one reason why so many bitcoin early adopters are comfortable investing in XMR, precisely because it's so complementary and not like other shitcoins that often implicitly aim at being superior to bitcoin while in fact they are fundamentally the same.

 

I do agree it can be useful for transactions, but I think it will shine for use in private transactions primarily.  Why would you not just use bitcoin otherwise?  What percentage of transactions will this be?  I do not know.

Don't get me wrong.  I am very bullish on XMR, and am just thinking out loud.

I personally see Monero (or it's conqueror) as a compliment of bitcoin... each owning a specific utility in the marketplace of payments and wealth storage.

OP. please, put archived blockchain files for faster download in future. Thanks in advance.

Another great day at http://pool.cryptoescrow.eu
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Our custom Daemon hasn't got stuck even once in 6 days - didn't need a restart, which means that maximum mining efficiency is guaranteed.

Done! Thx for the learnings.  Still a XMR newbie here. It is quite different to BTC 

xmr.farm fast and reliable monero pool !