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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 376. (Read 4671575 times)

hero member
Activity: 870
Merit: 585
I'm pleased to hear that subaddresses are on the roadmap.  Sounds like it might be a little clumsy to use them, however:

One slight caveat with this scheme is that when restoring a wallet from the seed, the wallet might miss transfers to subaddresses if they aren't stored in the hashtable yet. To mitigate this issue, for each account, the wallet generates 100 (a constant SUBADDRESS_LOOKAHEAD_MINOR defined in wallet2.h) subaddresses of indices beyond the "fresh" index. The wallet also generates 10 (a constant SUBADDRESS_LOOKAHEAD_MAJOR defined in wallet2.h) accounts beyond the current largest major index. This means that the wallet restoration process is guaranteed to find incoming transfers to subaddresses as long as the major and minor indices of the used subaddresses differ by less than those predefined numbers. Even if the differences are bigger than those, you can still make the wallet recognize the incoming transfers by just expanding the hashtable manually and rescanning the blockchain.
(from https://github.com/monero-project/monero/pull/2056)

It sounds a little bit like the way Bitcoin handled change addresses many years ago, before the advent of HD address generation.  Have a table of pre-generated addresses, and make sure you don't run out of them.  It would be nice to have a more elegant solution for monero subadresses, one that eliminates inconvenience and complication.
member
Activity: 107
Merit: 10
Update on current and future achievements regarding XMR adoption.
https://www.reddit.com/r/Monero/comments/6juluf/any_new_updates_on_xmr_adoption/

Summarized it seems that the devs are making Monero now quite easier to adopt. Also - the work on mobile wallets is very unique and great.
If the cryptoworld actually has some logic(which I from time to time doubt) and any financial/economic culture Monero should be at top 3 coins.

Good news!
I'm very proud for the monero team! Good development and marketing.
member
Activity: 79
Merit: 10
New original and unique MONERO abstract paintings-click to zoom,please use PM for any details
Original price  400 USD
Price now 180 USD

click to ZOOM


this true?
member
Activity: 60
Merit: 10
BitcoinCash Scrypt
wow  Shocked , price up
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Is there any benefit for the average user that simply hold Monero in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

Ofcorse it is. Noone can take it from you. It is yours. A fungible cryto currency you can send anywhere on the world.  What else do you want beside financial freedom?

Liberty to create value is not a get-rich-quick scheme.

Security against extortionists does not yeild a rentier's coupon.

In each of these dilemmas, Monero offers the former, but lacks appeal for those seeking the latter.

Personally, I wouldn't have it any other way.  It is only the uncertainty of woolier, more timid minds that creates a mispricing to be exploited by those whose vision is bold and clear.



newbie
Activity: 16
Merit: 2
Hi there miners community!

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Stay tuned, give us a try and join at https://minemonero.pro!
legendary
Activity: 2744
Merit: 1288
Is there any benefit for the average user that simply hold Monero in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

Ofcorse it is. Noone can take it from you. It is yours. A fungible cryto currency you can send anywhere on the world.  What else do you want beside financial freedom?
sr. member
Activity: 504
Merit: 250
Is monero still cheap to invest ?
It depends. If you're asking if the value of Monero will go up then I'd say yes, I believe there's some pump worthy things coming soon.
legendary
Activity: 1081
Merit: 1001
Is there any benefit for the average user that simply hold Monero in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

Traditional financial institutions (banks, investment houses, etc.) do that but not Monero.

legendary
Activity: 2268
Merit: 1141
Is there any benefit for the average user that simply hold Monero in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

Simple answer, no.
full member
Activity: 308
Merit: 100
Is there any benefit for the average user that simply hold Monero in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet
legendary
Activity: 1081
Merit: 1001
Why are you getting defensive instead of explaining this concept? Did I specifically say that "botnets are mining it"? Somebody else brought it up; don't shoot the messenger. I'm merely trying to understand how botnets help to decentralize the network since this subject is often brought up on here? If you can't explain it, why respond to my query in the first place?

I do not mine much and know little about it. I also never heard much that  botnets specially are helping decentralizing the network.

Botnets are just like an other miner securing the network. and I guess are decentralizing it the same way as any other miner. If they mine at smaller pools more then if they are mining at bigger pools.


But my question still stands. Why do you think that this last jump in hashing power is from botnets and not from people that google for Monero this week more then ever in past?



I think you have failed to comprehend the gist of my posts. You seem to keep putting words into my mouth. For the Nth time, I wasn't the one who brought it up and it's definitely not the first time it's been brought up in these forums. It's not my fault if you missed the rest of them. Since you've been defensive about this topic, perhaps you control these botnets yourself and are resorting to misdirection/distraction of my sincere inquiry to understand the concept (botnets help decentralize the network). If you don't have an objective explanation, then you don't. It's OK. Your assertion that the current spike is not caused by botnets is non sequitur. My question was very specific.



Ofcourse I dont have any objective explanations since I think that botnets decentralize network same way as any other miner.  
All botnets are under my control. And I mean it all , also your refrigerator. Your eggs will spoil soon, so better go make some pancakes.

Then STFU already and stop beating a dead horse!

legendary
Activity: 2744
Merit: 1288
Why are you getting defensive instead of explaining this concept? Did I specifically say that "botnets are mining it"? Somebody else brought it up; don't shoot the messenger. I'm merely trying to understand how botnets help to decentralize the network since this subject is often brought up on here? If you can't explain it, why respond to my query in the first place?

I do not mine much and know little about it. I also never heard much that  botnets specially are helping decentralizing the network.

Botnets are just like an other miner securing the network. and I guess are decentralizing it the same way as any other miner. If they mine at smaller pools more then if they are mining at bigger pools.


But my question still stands. Why do you think that this last jump in hashing power is from botnets and not from people that google for Monero this week more then ever in past?



I think you have failed to comprehend the gist of my posts. You seem to keep putting words into my mouth. For the Nth time, I wasn't the one who brought it up and it's definitely not the first time it's been brought up in these forums. It's not my fault if you missed the rest of them. Since you've been defensive about this topic, perhaps you control these botnets yourself and are resorting to misdirection/distraction of my sincere inquiry to understand the concept (botnets help decentralize the network). If you don't have an objective explanation, then you don't. It's OK. Your assertion that the current spike is not caused by botnets is non sequitur. My question was very specific.



Ofcourse I dont have any objective explanations since I think that botnets decentralize network same way as any other miner.  
All botnets are under my control. And I mean it all , also your refrigerator. Your eggs will spoil soon, so better go make some pancakes.
hero member
Activity: 850
Merit: 1000
Is monero still cheap to invest ?

IMO, yes. Kovri I2P, multisig, mobile wallets, and hardware wallets are all in the works and coming "soon." Any one of those will increase usability, which should also cause a rise in price. Here are some links to help you learn more so you can do more research and not just go on my opinion:

https://www.reddit.com/r/Monero/

https://monero.how

https://getmonero.org

https://monero.stackexchange.com/

https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php
hero member
Activity: 669
Merit: 500
Is monero still cheap to invest ?
newbie
Activity: 58
Merit: 0
What is your suggestion ?




Change the POW algorithm.
sr. member
Activity: 480
Merit: 250
Is there some way I can get an invite to the Slack channel?
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.

They banned discussion of Bitcoin for years, until they had to concede defeat by Honey Badger.

But now they love getting paid XMR to benchmark their 1337 rigz!   Cheesy

Huge increase in net hashrate, difficulty was from BOTNET. it's clearly seen on the graph of monero net hqashrate (A sharp increase in network hashrate by more than 10Mh within few hours). Same thing was in May, when was found another trojan. Or do you really think that 200K+ machines was connected to the monero network within a few hours and this is not botnet? LOL.
The sad side of all of this - the fallen profit by 18-20% due to the increased net difficulty on same amount.

It's not sad for hashrate to go up.

It is sad that some people don't understand the only things more fungible than Monero's coins are Monero's PoW hashes.   Cheesy

But hey, M04R CH33P C01NSZ 4 US iamirite?!?   Grin
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!

They banned discussion of Bitcoin for years, until they had to concede defeat by Honey Badger.

But now they love getting paid XMR to benchmark their 1337 rigz!   Cheesy

Huge increase in net hashrate, difficulty was from BOTNET. it's clearly seen on the graph of monero net hqashrate (A sharp increase in network hashrate by more than 10Mh within few hours). Same thing was in May, when was found another trojan. Or do you really think that 200K+ machines was connected to the monero network within a few hours and this is not botnet? LOL.
The sad side of all of this - the fallen profit by 18-20% due to the increased net difficulty on same amount.

It's not sad for hashrate to go up.
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