[XMR] Monero - A secure, private, untraceable cryptocurrency - page 3.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: 2Q9acN on June 07, 2024, 05:39:04 AM

Quote from: MeGold666 on June 07, 2024, 05:17:34 AM

Tail emission ensures security and what you're saying makes no sense my friend.

The only thing it ensures is the refund of the cost of the majority hashpower attack. Reward for your censor, for your oppressor - that's what it ensures.

Reference:
https://voskuil.org/cryptoeconomics/cryptoeconomics.pdf

This is all I need to know about Voskuil.

Quote

Both BeyondTrust and the employees from DesktopStandard who will now work within Microsoft's Windows Enterprise Management Division will remain in offices in Portsmouth, New Hampshire, Voskuil said. Prior to the acquisition, DesktopStandard had two offices in Portsmouth; Microsoft will take over one, and BeyondTrust will occupy the other.

MeGold666

jr. member

Activity: 28

Merit: 37

Quote from: 2Q9acN on June 07, 2024, 05:39:04 AM

The only thing it ensures is the refund of the cost of the majority hashpower attack. Reward for your censor, for your oppressor - that's what it ensures.

Reference:
https://voskuil.org/cryptoeconomics/cryptoeconomics.pdf

You are missing the point by a mile, listen to some ArticMine interviews about scalability.

2Q9acN

newbie

Activity: 65

Merit: 0

Quote from: MeGold666 on June 07, 2024, 05:17:34 AM

Tail emission ensures security and what you're saying makes no sense my friend.

The only thing it ensures is the refund of the cost of the majority hashpower attack. Reward for your censor, for your oppressor - that's what it ensures.

Reference:
https://voskuil.org/cryptoeconomics/cryptoeconomics.pdf

MeGold666

jr. member

Activity: 28

Merit: 37

Quote from: 2Q9acN on June 07, 2024, 05:09:29 AM

If the US government obtains 70% of hashpower and use it to mine mine empty blocks, effectively censoring
the users of Monero. Would you like to pay the government 0.6 XMR for every block in which you were not able
to transact? I think that the majority of users wouldn't like to pay a dime for censorship.

Emission of new coins should only be the means of permissionless distribution of coins and thus should last for a limited
number of months / years. It is a fallacy to claim that it ensures security.

Tail emission ensures security and what you're saying makes no sense my friend.

Before you continue with your train of thought, please watch this:
https://www.youtube.com/watch?v=sRwSqM0YBto

2Q9acN

newbie

Activity: 65

Merit: 0

Quote from: MeGold666 on June 07, 2024, 03:05:44 AM

Tail-emission is one of the best features of Monero, what you're saying is pure nonsense.

If the US government obtains 70% of hashpower and use it to mine mine empty blocks, effectively censoring
the users of Monero. Would you like to pay the government 0.6 XMR for every block in which you were not able
to transact? I think that the majority of users wouldn't like to pay a dime for censorship.

Emission of new coins should only be the means of permissionless distribution of coins and thus should last for a limited
number of months / years. It is a fallacy to claim that it ensures security.

MeGold666

jr. member

Activity: 28

Merit: 37

Quote from: 2Q9acN on June 07, 2024, 12:56:08 AM

It is the best choice among existing coins that already have significant adoption. That said, after Monero becomes delisted and perhaps banned in the future by governments, some governments may be interested in co-opting it by mining it in a pool in order to gain majority hashpower. As the emission part of the block reward does not contribute to the censorship resistance, an upgrade that cap / stop the emission of new xmr would make Monero more censorship-resistant and would make dealing with hostile miner attacks easier. Recall the attack on Grin). The developers of the coins like Kaspa or Wownero understand this threat - there is no tail emission of these coins.

Tail-emission is one of the best features of Monero, what you're saying is pure nonsense.

2Q9acN

newbie

Activity: 65

Merit: 0

Quote from: devil-soul on June 06, 2024, 01:01:43 PM

For those who want a high degree of privacy, monero is the best choice but it is not completely anonymous if you use centralized channels, slowly the large exchanges are starting to delist it under pressure from various governments but it still remains a good alternative for those who don't want to show their financial movements

It is the best choice among existing coins that already have significant adoption. That said, after Monero becomes delisted and perhaps banned in the future by governments, some governments may be interested in co-opting it by mining it in a pool in order to gain majority hashpower. As the emission part of the block reward does not contribute to the censorship resistance, an upgrade that cap / stop the emission of new xmr would make Monero more censorship-resistant and would make dealing with hostile miner attacks easier. Recall the attack on Grin). The developers of the coins like Kaspa or Wownero understand this threat - there is no tail emission of these coins.

devil-soul

member

Activity: 224

Merit: 15

For Rent

For those who want a high degree of privacy, monero is the best choice but it is not completely anonymous if you use centralized channels, slowly the large exchanges are starting to delist it under pressure from various governments but it still remains a good alternative for those who don't want to show their financial movements

MeGold666

jr. member

Activity: 28

Merit: 37

Quote from: jwinterm on May 08, 2024, 07:11:41 AM

Quote from: Mek on May 08, 2024, 06:18:32 AM

What about other EU countries, will XMR still be available on kraken?

It's already gone in Spain, UK, and some other countries.

It's not gone, it's just not listed Grin

It is still being used at large as it cannot be banned.

In order to actually ban Monero you would need to:

Ban all the other coins on CEX that are interchangeable with Monero on DEX, including Bitcoin.
Close possibility of making and receiving wire transfers in FIAT banks as there is no way to know if it's not being used to pay for XMR on DEX.
Ban physical cash to prevent "cash by mail" payment for XMR on DEX or other P2P exchanges like in person.

And.... Monero would only get stronger because now XMR would be used without exchanging to FIAT (circular economy).
So the only way would be to close the Internet and I'm not that sure about it either as other dark networks would emerge.

Government trying to "regulate" AKA control it, is pathetic Cheesy

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Mek on June 05, 2024, 01:41:04 AM

Monero's price has risen pretty dramatically last few days, what could be the reason, are there any news in development or new exchange listings?

Binance delisting helped us due to them not being able to sell fake coins and stop the Rehypothecation, now if we can only get off Poloniex.

The market has been artificially depressed due to these exchanges creating fake books because Monero cannot be traced.

johnfoss

full member

Activity: 142

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THE MONERO MOON (ISSUE 68) NEWSLETTER IS OUT NOW!

https://www.themoneromoon.com/p/the-monero-moon-issue-68

2Q9acN

newbie

Activity: 65

Merit: 0

Quote from: Mek on June 05, 2024, 01:41:04 AM

Monero's price has risen pretty dramatically last few days, what could be the reason, are there any news in development or new exchange listings?

This black market exchange seems to be the reason, it launched some weeks ago:
https://github.com/retoaccess1/haveno-reto
https://haveno.exchange/

More info and guides on this blog: https://blog.nihilism.network/servers/anon.html

Mek

jr. member

Activity: 72

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mtc.mekweb.eu - mega transistor clock

Monero's price has risen pretty dramatically last few days, what could be the reason, are there any news in development or new exchange listings?

acme89

newbie

Activity: 17

Merit: 1

Quote from: paid2 on May 28, 2024, 05:21:56 PM

Quote from: acme89 on May 28, 2024, 03:24:30 PM

Excuse me my ignorance. But I must ask this.

Are all transactions on Monero chain private? And if I would send XMR from one cex to another cex, would these two addresses be visible in the transaction hash?

Yeap XMR is an efficient privacy coin. If you don't use a P2P service but a regulated/KYCed CEX; it would be better to buy BTC or LTC (or any coin listed almost everywhere you like) and swap it for XMR via a privacy friendly service (like the one I have in my signature for example or some other DEX). There is no point to buy or use XMR on a plateform which does have your identity. You can use Feather to store XMR outside your CEX if you want, which is an open source electrum-like wallet for XMR.

If you want to learn more about how XMR works:
How does Monero's privacy work?
Introduction to Monero and how it’s different

Thank you all for the replies. I will take look at this eXch exchange.

d5000

legendary

Activity: 3906

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Decentralization Maximalist

Quote from: acme89 on May 28, 2024, 03:24:30 PM

Are all transactions on Monero chain private? And if I would send XMR from one cex to another cex, would these two addresses be visible in the transaction hash?

If you want to really commit to privacy, then please do not send XMR directly from exchange to exchange. Google the EAE or EABE attack, here is a short description. This is something that can happen if you often transfer money directly from one CEX to another CEX, even with a single intermediate step: Using statistics, if both exchanges are cooperating in some way (for example, due to regulatory requirements, or if a chain analysis service knows deposit/withdrawal addresses from these two exchanges) then they can, in some cases, detect that it was the same person who has withdrawn the Monero from the first CEX and deposited it to the second CEX. And if they have your KYC data then they can know that's you.

However, you will have to do several transactions between the same two CEXes for this to work and even then there can be false positives/negatives. In addition, this will probably not be possible if you make more intermediate transactions.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: paid2 on May 28, 2024, 05:21:56 PM

Quote from: acme89 on May 28, 2024, 03:24:30 PM

Excuse me my ignorance. But I must ask this.

Are all transactions on Monero chain private? And if I would send XMR from one cex to another cex, would these two addresses be visible in the transaction hash?

Yeap XMR is an efficient privacy coin. If you don't use a P2P service but a regulated/KYCed CEX; it would be better to buy BTC or LTC (or any coin listed almost everywhere you like) and swap it for XMR via a privacy friendly service (like the one I have in my signature for example or some other DEX). There is no point to buy or use XMR on a plateform which does have your identity. You can use Feather to store XMR outside your CEX if you want, which is an open source electrum-like wallet for XMR.

If you want to learn more about how XMR works:
How does Monero's privacy work?
Introduction to Monero and how it’s different

Actually that point is debatable, if you buy monero from kyc locations then you never have to explain where it came from. Wink

paid2

hero member

Activity: 504

Merit: 1065

Crypto Swap Exchange

Quote from: acme89 on May 28, 2024, 03:24:30 PM

Excuse me my ignorance. But I must ask this.

Are all transactions on Monero chain private? And if I would send XMR from one cex to another cex, would these two addresses be visible in the transaction hash?

Yeap XMR is an efficient privacy coin. If you don't use a P2P service but a regulated/KYCed CEX; it would be better to buy BTC or LTC (or any coin listed almost everywhere you like) and swap it for XMR via a privacy friendly service (like the one I have in my signature for example or some other DEX). There is no point to buy or use XMR on a plateform which does have your identity. You can use Feather to store XMR outside your CEX if you want, which is an open source electrum-like wallet for XMR.

If you want to learn more about how XMR works:
How does Monero's privacy work?
Introduction to Monero and how it’s different

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Mate2237 on May 28, 2024, 04:08:45 PM

Quote from: acme89 on May 28, 2024, 03:24:30 PM

Excuse me my ignorance. But I must ask this.

Are all transactions on Monero chain private? And if I would send XMR from one cex to another cex, would these two addresses be visible in the transaction hash?

If Monero network is a decentralized project then all it transactions must be private but if you are using centralized exchanges to make transaction with themselves then the privacy is no more because the CEX third party most see the transaction and can even freeze the coin if their is any suspicious movement of the coins. And I think the two addresses would be visible because and that is where people can track the location of the transaction.

Ahh, I think I know what your trying to say.

You mean if you use a service to buy say 100 monero with coins that are being traced and then immediately send the same amount from that service to a kyc exchange then they are going to connect those coins even though they cannot be traced on the chain, correct?

Mate2237

hero member

Activity: 700

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: acme89 on May 28, 2024, 03:24:30 PM

Excuse me my ignorance. But I must ask this.

Are all transactions on Monero chain private? And if I would send XMR from one cex to another cex, would these two addresses be visible in the transaction hash?

If Monero network is a decentralized project then all it transactions must be private but if you are using centralized exchanges to make transaction with themselves then the privacy is no more because the CEX third party most see the transaction and can even freeze the coin if their is any suspicious movement of the coins. And I think the two addresses would be visible because and that is where people can track the location of the transaction.

acme89

newbie

Activity: 17

Merit: 1

Excuse me my ignorance. But I must ask this.

Are all transactions on Monero chain private? And if I would send XMR from one cex to another cex, would these two addresses be visible in the transaction hash?

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