Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1706. (Read 4670972 times)

Sorry your right - i did mean Vertcoin. i have had a reply on Rpietelia's thread informing me that Vertcoin just uses a mixer, and is not anonymous, so i will ignore VRT from now on. It was just some clever PR on their part that made it sound like it was.

This is one concern I have for this platform.  The development community seems a bit on the slow side.  I don't say much as I am not a dev, but I hope code is being worked on faster than it seems.  We don't need flashy websites, or even a gui yet...  but I hope real progress is being made on core server improvements, the database etc...

Hey aminorex,

I follow your posts as they are a very high quality. We were just talking about them at Malla and everyone feels this way.

IIRC you were saying that you wouldn't trust something like zerocoin as if the initial accumulator values are not destroyed it breaks the anonymity set. It turns out that with zerocash, the initial values, if not destroyed, would only allow someone to create more of the coin rather than break the anonymity of the users.

I have not seen Monero developers since Sunday on this thread. May anybody know what are they doing? Still at Bitcoin conference in Estonia?
 

Hey aminorex,

I follow your posts as they are a very high quality. We were just talking about them at Malla and everyone feels this way.

IIRC you were saying that you wouldn't trust something like zerocoin as if the initial accumulator values are not destroyed it breaks the anonymity set. It turns out that with zerocash, the initial values, if not destroyed, would only allow someone to create more of the coin rather than break the anonymity of the users.

Sorry your right - i did mean Vertcoin. i have had a reply on Rpietelia's thread informing me that Vertcoin just uses a mixer, and is not anonymous, so i will ignore VRT from now on. It was just some clever PR on their part that made it sound like it was.

At the moment, we’re working on stealth addresses in Vertcoin. Those of you have been around a while may remember, in the early days of VTC, there was some discussion over zerocoin implementation, and we made clear that anonymous/untraceable payments were not the direction we wanted to go with VTC – we are of the opinion that mainstream adoption won’t come from these features, and that they will actually damage the currencies that go down that route. The fact is, people don’t care about anonymity – if they did, they wouldn’t use social media etc.

However, we do believe in transactional privacy akin to what you expect from your legacy payment/banking systems, such that it’s not trivially easy for anyone to see your entire financial history.

Stealth addresses strike a good balance – all the transactions are still on the blockchain to be seen, but the link between an address and an individual is obfuscated. One thing that not many people seem to consider when talking about anonymity systems in cryptocurrencies is that true anonymous payments make all the blockchain tools you’re used to useless.

Stealth addresses increase privacy for a recipient by allowing you to publish a stealth address, which is like a seed which the sender then uses to generate a unique one-use Vertcoin address for the transaction. All the transactions remain public on the blockchain, but knowing the entire transactional history of your stealth address is now no-longer possible except for you, the holder of the secret key.

I tried to transfer some money from one wallet to another but the coins did never arrive.

Monerochain.info does not know the transaction hash.

How can i find out what really happened?

that would be all technical analysis, especially for internet coins, since it's just hocus pocus

Thanks, I've regenerated the wallet but it say's balance 0.0  I have read this though -

4. We caught a bug where restoring a deterministic wallet would not find old transactions. This was due to the assumption that is made by simplewallet that a newly "created" wallet will never have old transactions in it. This has been patched, and will be merged up to master and included in updated binaries from the beginning of next week.

Is this why my balance shows 0 and is there a quick fix?

There's a branch that fixes restore here:
https://github.com/tewinget/bitmonero/tree/restore-fix

So you can restore wallets from mnemonic phrases properly if you compile that on whatever system.

I tried to transfer some money from one wallet to another but the coins did never arrive.

Monerochain.info does not know the transaction hash.

How can i find out what really happened?

Thanks, I've regenerated the wallet but it say's balance 0.0  I have read this though -

4. We caught a bug where restoring a deterministic wallet would not find old transactions. This was due to the assumption that is made by simplewallet that a newly "created" wallet will never have old transactions in it. This has been patched, and will be merged up to master and included in updated binaries from the beginning of next week.

Is this why my balance shows 0 and is there a quick fix?

Sorry your right - i did mean Vertcoin. i have had a reply on Rpietelia's thread informing me that Vertcoin just uses a mixer, and is not anonymous, so i will ignore VRT from now on. It was just some clever PR on their part that made it sound like it was.