Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 302. (Read 4671575 times)

How can we check the balance of our cold storage?

I try with this http://xmr.llcoins.net/checktx.html but I get this message:

Failed to get transaction data! Perhaps MoneroBlocks is down?

Interesting coin, been a hodler for a while, but I can agree with the above comments that as far as marketing is concerned that improvements can be made

Was willy bot a marketing tool ?

I never really understood why other coins (competitor) got a higher price, I believe XMR failed in the marketing somewhere.

Thanks as usual for the clear and concise explanation.
I hate my memory these days, once you said it I remembered Gmaxwell had proposed it as that had been mentioned in this thread when it was first discussed.

Thanks for writing this down, in layman's terms. I understand the implications better now.

Sorry, my bad, I misread ETN for ETH, it's hard to keep track.

1. The report itself is quite misleading. Confidential Transactions was initially invented by gmaxwell for Bitcoin, not by or for Monero. Its concepts were incorporated along with ring signatures by shen to create RingCT, which we then deployed (in January 2017). So it is quite inaccurate to say that those considering adopting CT in Bitcoin are going to be adopting something from Monero. It is accurate to say the Monero is the first coin to actually deploy a CT-based system on a significant scale.

2. Bitcoin (and Litecoin) are only proposing to use CT, not RingCT, which means it will only hide amounts. Go look at a Bitcoin chain explorer and cover up the amounts. Everything else about the transaction (sender, recipient) will still visible as-is. Obviously that is a lot less privacy than Monero, but still an improvement over what Bitcoin does now.

3. As far as tx size, that is a significant obstacle for BTC since even with this new, more-efficient CT it would still increase typical tx size (and all that comes with that such as fees) by a significant factor, maybe 2-3x. I suspect there will be significant difficulty gaining consensus to do this, or if it is done it won't be used much and will therefore suffer also from chain analysis and fungibility issues (as do all optional privacy systems). In the short term LTC has less of an issue there since it is much less used and has no shortage of chain space and much lower fees. But longer term LTC would run into the same problems.

^^^ Electroneum (ETN) the mobile crypto... it's an XMR clone.

Instead they have a single masternode that can revert transactions every time someone steals some ETH or they fuck up beyond repair.

ETN doesn't have MNs.  

Should Have Used Margin, especially when bubbles melt.

Dammit, now I'm hungry.

Bitcoin runs on drama, Monero runs on comedy 

fonero.org
Phonero = Phony Monero
We have it all!  Premine, masternodes, the works!

https://bitcointalk.org/index.php?topic=2413943.0;topicseen

They get less and less creative with naming these charades.

Any news regarding monero?

Implementing the cutting edge technology and updates is what makes a crypto great so monero should also have some updates and new features as other coins are implementing its anonymous transaction features

Well it looks like the drooling masses will be catching on now.


We have been yelling Fungability from the rooftops for years but no your going to be told from every n00b that shows up in the scene all about it like it's some new idea. Lol

I'm not sure how it will work out though being added to such established chains?

@Smooth, can you explain how effective this would be on BTC?

Does anyone know if it would be mandatory or what mixing level they would enforce and how they would deal with the massive bloat it would add? Do they see the new block reduction (forgot the name dammit) thats being discussed as an offset?