[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1776.

eizh

hero member

Activity: 560

Merit: 500

Quote from: devphp on June 20, 2014, 10:12:31 AM

Monero blockchain grew to 1 Gb in one month and it's a pain to sync, and only a few people use it now, imagine what would happen when/if it gets more popular. Do you think that Monero alone won't fly due to syncing and storing issues if everyone uses the same cryptonote currency?

Much of that is actually due to dust in the blockchain. It has nothing to do with CryptoNote v. Bitcoin, and it's being fixed.

Mumbles

newbie

Activity: 50

Merit: 0

Botnets shouldn't matter at all to a coin. They are just the same as "real" miners dumping coins. As long as there are reasons for the user base to grow and use the coin, then it doesn't matter the source of the mining at all. Unless you are a miner trying to compete with bots for short term profit of course.

Quote from: flower1024 on June 20, 2014, 06:28:43 AM

CPU mined coins are subject to botnets by definition. However, this is not what you want for the coin you're mining or investing in. Large botnet share means that the majority of the coins is obtained by the scammers and is likely to be dumped. This can't be good for the long term development because the coins are spread not among the devs or users, but are obtained by botnet holders.

How much is the case for Monero? I really believe that not all of the spikes are due to botnets, but at least some of them could be.

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: othe on June 20, 2014, 08:21:19 AM

Its friday and i have really better things todo than addressing your constant hate without a reason.

First of all, it was a hotfix and its was coordinated with pools and exchanges, there is absolutely no problem users just need to update their wallets... Polo and Bittrex both work pretty close with us and we coordinate everything with them.
There was nothing uncoordinated i have even discussed the fix with zoidberg and he sees no problem either. There was a compatibility window and still is - there are pools who mine the low fee transactions.

About the hashrate and your botnet paranoia - the hashincrease simply matches the price increase on exchanges, theres no vodoo or black magic - and whats the difference to BCN, they use the same Proof of work...
Then your other concern that the miner was crippled is just a joke because we were the ones who fixed it, you better ask bcn why they did make the pow so slow without a reason.
The dev progress speaks to itself, you just have to check our githubs (all monero people):

https://github.com/mikezackles/bitmonero/commits/daemonize
https://github.com/Neozaru/bitmonero/commits/master
https://github.com/wolf9466/bitmonero/commits/master
https://github.com/wolf9466/cpuminer-multi/commits/master
https://github.com/fluffypony/bitmonero/commits/master
https://github.com/tewinget/bitmonero/commits/master
https://github.com/zone117x/node-cryptonote-pool/commits/master
https://github.com/NoodleDoodleNoodleDoodleNoodleDoodleNoo/bitmonero/commits/master

This is an open source project with a great community and not a one man show, you should realize that.

There was a critical bug which allowed the blockchain to be replaced due to an error in their checkpoint system we found here: https://github.com/monero-project/bitmonero/commit/5ceffa8c8abb96bb8314939bf75c9b935ea7b5bc
and fixed here: https://github.com/monero-project/bitmonero/commit/e7171250739790a5e5040264c4c1356ddeeea241

This bug allowed it to replace the whole blockchain on CN coins, because it made it possible to fabricate a blockchain with a bigger cummulative difficulty due to non-checking of the block before the checkpointing. Just for your info.

Ultimately we should all work together but with the hatred from certain people here i doubt that will happen....

I have some comments on this.

There has never been a hardfork of Monero. We're still operating on the same blockchain that TFT started back in the day. The original Bitmonero software can still sorta connect to and sync to the network, although it will get stuck at certain times because the software originally evaluated block rewards incorrectly and couldn't handle tx_extra. So, unlike other blockchains like DOGE or DRK, we've had zero hardforks up to now (just softforks).

There are cases where the ByteCoin devs merged things in without review (seemingly), for instance a number of TFT's fixes. It's obvious that whoever owns the amjuarez ByteCoin repo trusts whatever TFT devs, which is unfortunate as he introduced a very severe mining bug into ByteCoin (which Monero fixed a while ago).

The bug othe speaks of was first bypassed here:
https://github.com/monero-project/bitmonero/commit/5ceffa8c8abb96bb8314939bf75c9b935ea7b5bc

I caught it originally when I added checkpoints to the code and noticed that the blocks before checkpoints weren't having their PoWs checked, This was very dangerous, because it allowed you to upload random blocks to anyone syncing the client that corrupted the block database. So, I disabled checkpoints and then fixed it properly.

https://github.com/monero-project/bitmonero/commit/3a3a8176782a4fa75b0607fba0393c9d4a1746be (blockchain_storage.cpp)
and checkpointing flagging was turned on here:
https://github.com/monero-project/bitmonero/commit/e7171250739790a5e5040264c4c1356ddeeea241

BoolBerry has 100% the same code, so either they fixed it the same way independently or they used our fix. In either case, it was a very severe bug.

deadmanwalking

full member

Activity: 210

Merit: 100

I'm an expert by no means whatsoever. That said, here's my 2 cents on Monero and why it will succeed: It isn't an altcoin! Monero and other cryptonote currencies are not bitcoin forks, they are a completely new, untraceable currency. That's it! Truly an alternative to bitcoin, not just a fork of bitcoin. Even a dummy( me ) can understand the potential.

strangewildthing

newbie

Activity: 28

Merit: 0

Quote from: 1qaz on June 20, 2014, 09:38:56 AM

Quote from: novag on June 20, 2014, 08:12:44 AM

Quote from: 1qaz on June 20, 2014, 07:43:04 AM

why "-" and not pay ?

Pool http://mro.extremehash.com/

http://i062.radikal.ru/1406/d2/8ed3c47a8a29.png

Maybe need waiting some time.

Why and what to expect?

Thanks for waiting and reporting! All payouts have been made out successfully

On the side note, the Extermehash XMR pool has been updated to newer hardware and tweaked with better code. We're getting blocks very consistently and with lots of luck. Feel free to drop by #extremehash on Freenode and hang out, my IRC nick is wildstrangething.

Support decentralization, pop by the Extremehash pool!

www.extremehash.com

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: Ed4252 on June 20, 2014, 12:27:50 PM

Quote from: superresistant on June 20, 2014, 12:21:24 PM

Quote from: xa4 on June 20, 2014, 12:17:02 PM

Some say XMR will rise when XMR/BTC market will open on Mintpal. What's the reasoning behind this (except from larger exposure) ... are there precedents ?
I'm under the impression last couple of days and certainly last couple of hours, XMR is being pumped on Polo in anticipation of the Mintpal notation and XMR will be dumped on Mintpal.
What's your opinion ?

Short term variations doesn't matter.

People will regret not having XMR in few months.

Monero doesn't have the community size to have potential imo.

It's just not growing compared to the other coins.

That's the way we'd prefer it at this stage. It's not ready for massive growth, not until we have all the tooling in place.

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: devphp on June 20, 2014, 10:16:31 AM

Quote from: darkota on June 20, 2014, 10:15:26 AM

Quote from: devphp on June 20, 2014, 10:12:31 AM

Monero blockchain grew to 1 Gb in one month and it's a pain to sync, and only a few people use it now, imagine what would happen when/if it gets more popular. Do you think that Monero alone won't fly due to syncing and storing issues if everyone uses the same cryptonote currency?

In my opinion, a few cryptonote currencies will become popular and interexchangeable, since the code is shared, and users would need to download only one of the blockchains. The userbase and transactions are thus split into a few smaller blockchains instead of one huge and everyone chooses their favorite flavor, like linux OSes, with every flavor taking 20-30% of total marketcap of cryptonote currencies.

It's just a pain to wait for it to be fully synced if you only open it once every few days and have to wait 20-30 mins before you can use it. For now it's just pumping at exchanges as many people don't even bother with withdrawing, especially since there is no GUI and they are only speculators. What do you think of this?

I was thinking of this as well. What if a multibit version of the monero qt wallet was made? Where only the important parts of the blockchain are stored, so much less space is needed for the monero multibit/lightweight wallet.

Is a thin client even possible with cryptonote currencies? Let the devs answer this.

Not an SPV client in the Bitcoin sense, but there is an idea we're playing with that will allow for very light clients. Practically speaking, though, it's quite a ways away. The general route to that is going to be QoS to fix bandwidth issues -> embedded database to fix RAM usage -> fat GUI client -> thin GUI client

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: BldSwtTrs on June 20, 2014, 10:51:19 AM

Hi guys, I wish to know if the limits of CoinJoin described in the following article apply also to Monero?
http://www.coindesk.com/blockchains-sharedcoin-users-can-identified-says-security-expert/

Not at all, it's a completely different approach. Mixing services (any altcoin that uses the word "nodes" in the description of their anonymity) and CoinJoin all suffer from the fatal flaws described in that article.

454420031

newbie

Activity: 9

Merit: 0

Or whether XMR can repair the wallet，Let me know. Let me have a try

sk00t3r

full member

Activity: 192

Merit: 100

Quote from: xa4 on June 20, 2014, 12:29:49 PM

Quote from: onemorebtc on June 20, 2014, 12:22:00 PM

Quote from: xa4 on June 20, 2014, 12:17:02 PM

Some say XMR will rise when XMR/BTC market will open on Mintpal. What's the reasoning behind this (except from larger exposure) ... are there precedents ?

I'm under the impression last couple of days and certainly last couple of hours, XMR is being pumped on Polo in anticipation of the Mintpal notation and XMR will be dumped on Mintpal.

What's your opinion ?

i've been relative new to alt-currencies but i recognized very fast how crappy polo is (eg you have to talk to support every third withdraw)

so polo wont ever get more than 0.25btc from me at a time.

i hope that mintpal works better (it certainly looks like). i dont know if there are more than me who thinks that way and i'd like to see some precedents too

No problems with polo for me so far. 5 deposits and 3 withdrawals without any problem.... I guess I'm lucky ?

I have moved over 150 XMR to and from Poloniex over many multiple transfers/withdrawals. Not one issue. I guess count me lucky as well.

onemorebtc

sr. member

Activity: 266

Merit: 250

Quote from: xa4 on June 20, 2014, 12:29:49 PM

Quote from: onemorebtc on June 20, 2014, 12:22:00 PM

Quote from: xa4 on June 20, 2014, 12:17:02 PM

Some say XMR will rise when XMR/BTC market will open on Mintpal. What's the reasoning behind this (except from larger exposure) ... are there precedents ?

I'm under the impression last couple of days and certainly last couple of hours, XMR is being pumped on Polo in anticipation of the Mintpal notation and XMR will be dumped on Mintpal.

What's your opinion ?

i've been relative new to alt-currencies but i recognized very fast how crappy polo is (eg you have to talk to support every third withdraw)

so polo wont ever get more than 0.25btc from me at a time.

i hope that mintpal works better (it certainly looks like). i dont know if there are more than me who thinks that way and i'd like to see some precedents too

edit: their support is nice and fast though Wink

No problems with polo for me so far. 5 deposits and 3 withdrawals without any problem.... I guess I'm lucky ?

dont know... it wasnt even big amounts... always around 5-30mro. about 7 seven withdraws and 3 support tickets...

xa4

member

Activity: 71

Merit: 10

Quote from: onemorebtc on June 20, 2014, 12:22:00 PM

Quote from: xa4 on June 20, 2014, 12:17:02 PM

Some say XMR will rise when XMR/BTC market will open on Mintpal. What's the reasoning behind this (except from larger exposure) ... are there precedents ?

I'm under the impression last couple of days and certainly last couple of hours, XMR is being pumped on Polo in anticipation of the Mintpal notation and XMR will be dumped on Mintpal.

What's your opinion ?

i've been relative new to alt-currencies but i recognized very fast how crappy polo is (eg you have to talk to support every third withdraw)

so polo wont ever get more than 0.25btc from me at a time.

i hope that mintpal works better (it certainly looks like). i dont know if there are more than me who thinks that way and i'd like to see some precedents too

No problems with polo for me so far. 5 deposits and 3 withdrawals without any problem.... I guess I'm lucky ?

Ed4252

full member

Activity: 204

Merit: 100

Quote from: superresistant on June 20, 2014, 12:21:24 PM

Quote from: xa4 on June 20, 2014, 12:17:02 PM

Some say XMR will rise when XMR/BTC market will open on Mintpal. What's the reasoning behind this (except from larger exposure) ... are there precedents ?
I'm under the impression last couple of days and certainly last couple of hours, XMR is being pumped on Polo in anticipation of the Mintpal notation and XMR will be dumped on Mintpal.
What's your opinion ?

Short term variations doesn't matter.

People will regret not having XMR in few months.

Monero doesn't have the community size to have potential imo.

It's just not growing compared to the other coins.

454420031

newbie

Activity: 9

Merit: 0

For help, my 26 XMR into the poloniex did not receive, for several days, how to do?

onemorebtc

sr. member

Activity: 266

Merit: 250

Quote from: xa4 on June 20, 2014, 12:17:02 PM

Some say XMR will rise when XMR/BTC market will open on Mintpal. What's the reasoning behind this (except from larger exposure) ... are there precedents ?

I'm under the impression last couple of days and certainly last couple of hours, XMR is being pumped on Polo in anticipation of the Mintpal notation and XMR will be dumped on Mintpal.

What's your opinion ?

i've been relative new to alt-currencies but i recognized very fast how crappy polo is (eg you have to talk to support every third withdraw)

so polo wont ever get more than 0.25btc from me at a time.

i hope that mintpal works better (it certainly looks like). i dont know if there are more than me who thinks that way and i'd like to see some precedents too

superresistant

legendary

Activity: 2142

Merit: 1131

Quote from: xa4 on June 20, 2014, 12:17:02 PM

Some say XMR will rise when XMR/BTC market will open on Mintpal. What's the reasoning behind this (except from larger exposure) ... are there precedents ?
I'm under the impression last couple of days and certainly last couple of hours, XMR is being pumped on Polo in anticipation of the Mintpal notation and XMR will be dumped on Mintpal.
What's your opinion ?

Short term variations doesn't matter.

People will regret not having XMR in few months.

xa4

member

Activity: 71

Merit: 10

Some say XMR will rise when XMR/BTC market will open on Mintpal. What's the reasoning behind this (except from larger exposure) ... are there precedents ?

I'm under the impression last couple of days and certainly last couple of hours, XMR is being pumped on Polo in anticipation of the Mintpal notation and XMR will be dumped on Mintpal.

What's your opinion ?

jwinterm

legendary

Activity: 3136

Merit: 1116

Quote from: trip96 on June 20, 2014, 12:01:58 PM

Hey everyone! I have a simple question. Or confirmation that what I plan to do will work.

I mine to a simplewallet and it's obviously got a ton of dust transaction in it.

I now am ready to buy a little XMR too and wanted to make a new wallet to transfer all my XMR to.

SO, I plan on just putting a new copy of simple wallet into another/different folder on my computer and generating a wallet with the commands.

This is how you do this correct? OR am I going to mess up my older wallet/blockchain?

If I am wrong with this procedure, how would you do it?

Thanks everyone, Have an awesome day

You don't even need to switch folders, really. You can just generate a new wallet (with a different name) in the same folder. If your first wallet was named wallet.bin, just call this one trip96.bin, or trip96.dat, or just trip96 (the extension isn't needed).

trip96

newbie

Activity: 55

Merit: 0

Hey everyone! I have a simple question. Or confirmation that what I plan to do will work.

I mine to a simplewallet and it's obviously got a ton of dust transaction in it.

I now am ready to buy a little XMR too and wanted to make a new wallet to transfer all my XMR to.

SO, I plan on just putting a new copy of simple wallet into another/different folder on my computer and generating a wallet with the commands.

This is how you do this correct? OR am I going to mess up my older wallet/blockchain?

If I am wrong with this procedure, how would you do it?

Thanks everyone, Have an awesome day

othe

hero member

Activity: 532

Merit: 500

Quote from: superresistant on June 20, 2014, 11:39:51 AM

Quote from: statdude on June 20, 2014, 10:38:06 AM

How soon will this "blockchain bloat" issue be addressed/corrected?

Boolberry team did it. Monero just need to adapt the fix.
No reason to not do it. It is just a matter of time.
No rush.

This needs _careful_ thinking first.

And the Btc/Ltc blockchain is far bigger than us currently..

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1776. (Read 4670606 times)