Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 583. (Read 4671920 times)

Hey there it is my pc or the bitmonerod is too expensive in terms of resources?
It made my pc lag as hell, everything was freezed and took ages to get unstuck, I am on linux and i5 processor, so that looks weird to me.
Or it is only the blockchain download that makes it so laggy?

Good point. Was just going through the thread and answering questions. Will combine.

EDIT: fixed

If I remember correctly multiple posts in a row is a ban reason.
just sayin you might want to edit your posts into one post smooth.

Good suggestion. I created an issue for it here: https://github.com/monero-project/bitmonero/issues/864



Yes you only need that when sending to an exchange or other service that uses a shared wallet. Sending to your own wallet it is not required (this includes sending to a MyMonero wallet -- payid NOT required).



There is no halving. The block reward declines a tiny amount every block. The effect is to reduce it by half every 18 months or so. We passed the first 18 month cycle several months back.



All time high was something silly like $6, which was hit only for a very short time early on when the supply was tiny and volatility was huge. Ignoring that very early period I'm not sure of the exact USD ATH but the current price is reasonably close (in part due to BTC being worth more now). We also have a thread for speculation and price talk: https://bitcointalksearch.org/topic/xmr-monero-speculation-753252

Figured I would cross post this here in case anyone here is interested.

LINK: https://bitcointalksearch.org/topic/sales-open-lealana-physical-silver-monero-xmr-3-coin-sets-1499278

SALES OPEN AND ACCEPTING ORDERS

LEALANA PHYSICAL MONERO SILVER 3-COIN SET

As nioc says, you don't need one to withdraw to your wallet.  PaymentID's become useful for online stores/exchanges/etc where they have one XMR address and the PaymentID might be used to identify a product or a user.

That said, I have a stupid little tool on one of my sites that will autogenerate a dummy payment ID for you - should you be *required* to use one:
http://toolbox.monerobase.com/paymentid

You don't need a payment I'D to withdraw to your wallet.  You should be able to leave it blank.

Of course you need to use a payment IS when sending to polo because all deposits go to one adress and that is the only way to distinguish your deposit from someone else's. 

On another hand: poloniex asks me a payment ID to withdrawal XMR. How do I get it? I am using simplewallet.

edit: oh that's just a message you might attach to a payment.

I believe linux monero simplewallet should ask for a password confirmation when creating a wallet. It's not that hard to make a typo on a linux console!

You can send your XMR from your wallet (simplewallet, Android, MyMonero [web-based], etc.) to the xmr.to site. This will convert your XMR to BTC and send the BTC to the BTC address you specify. One use case for this is that the recipient of the BTC can't trace the transaction back to you. It's better than just mixing BTC because even the mixers aren't 100% untraceable. There are companies whose sole purpose is tracing Bitcoin transactions and they're getting better at it. One example: http://www.businessinsider.com/bitcoin-tracking-company-elliptic-raises-5-million-series-a-2016-3?r=UK&IR=T
Since all BTC transactions are public, and with these speciality companies getting better at what they do, a "virtually untraceable" mixed BTC transaction could be much more easily traced in the future. This also means that they could look back at any transaction in history and have the ability to make it less obscure. So, xmr.to is the way to go if you want to send BTC and remain private and untraceable.

Don't know. I have some but don't use them. See my answer below for why.

I'm not trying to FUD Dash or start a trolling war - I'm just going to honestly answer your question. Monero is 100% decentralized (and 100% fungible, private, and untraceable). Dash is semi-centralized. If the same entity owns the series of masternodes that are used to mix your Dash, then the transaction can be traced by the entity (individual, government, person with malicious intent...you don't know). That's impossible with Monero. My thoughts are that if you want a private coin, why would you use a coin that has the potential to not be private? XMR does not have this vulnerability.

Its good to see more people realizing how good a coin Monero is.   

I just realized DASH does not have an anonymizing layer for its MN owners...from what I understand XMR uses i2p to protect miners running nodes ? Also allows us to connect to i2p/tor from wallet?


That is DASH killer IMO....as a new comer to your community I see this as very valuable. The DASH team cant even get the MN owners to vote on implementing an anonymizing layer.

Dash offers an anonymous service to it's end users yet with very little protection to the identity and location of MN operators themselves. Because MNs operate over public IPs, they are potentially exposing themselves to complicity in any illegal activity occurring over the network. Very few MNs run through VPNs. In fact, more than 52% of MNs are operating on just four centralised cloud services. This creates potential liabilities that could stunt end user adoption.

Pump and dump

When Monero halving?

A fellow Higgins! I am not necessarily a short term investor but when something starts dropping rapidly, such as the Dao, I get out before I get burned.

Well I guess I will try to run the client on my own. Should not be hard (I hope).
Do you know how many resources does the client spend?

If you are a short term investor then maybe you will lose.  I'd hold all XMR right now as it is only going to increase over time. If I had had more funds available back when XMR was .20¢  US I would have bought more then.   I'm still buying now plus mining.  But in a years time it has gained plenty and a year is not that long a time for good growth.  Monero will continue to gain over the next few years IMO.  I'm no whale but have managed to build a good long term investment base.   This whole conversation is probably best talked about on the speculation thread.

https://bitcointalk.org/index.php?topic=753252.18580

Oops, you are right, I totally mis-read the post.  I'll remove that post above.  I've had bitsquare on the brain lately. :-)

Is this true that you can send XMR to a BTC address from XMR wallet?


Can DASH connect to TOR like XMR?

What are some benefits of XMR  over DASH?

Don't worry, it won't be.