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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 648. (Read 4670673 times)

legendary
Activity: 1148
Merit: 1000
Nice to see XMR price rising. Is it because of the BTC news?

Is there also an 1 click install wallet for mac? thanks!

btc news?

light wallet, at bottom of this pg, ure best bet for 1 click install

https://getmonero.org/getting-started/choose

I heard there a some issues with BTC development what causes price rices for coins like XMR, ETH, FCT.

Is there also a wallet you can install, and open it with 1 click?



I'm not a mac user, so I don't know what is involved for jwinterm's wallet. In general, Monero is the most user-unfriendly cryptocurrency, because a majority of the effort is spent on the fundamentals of the coin - making the code better. But honestly it doesn't take that long to learn to use the software. The thing that takes the longest is syncing up with the network, as any of the "light clients" that exist are really just connecting to someone elses node, so you are sacrificing some privacy for the convenience of .... well I don't really know what.

edited to add, the core GUI is coming, jwinterms works fine, and mymonero is a useful way to use monero as of now.

Well it would be nice if the team or somebody else can develop an user friendly 1 click wallet right? Would also gain more people and attention...

There is also a simple web wallet I see, is it safe option as well?
legendary
Activity: 3136
Merit: 1116
It isn't quite one click atm, you have to put it in a folder with your own simplewallet binary, so at least several clicks.
legendary
Activity: 1260
Merit: 1008
Nice to see XMR price rising. Is it because of the BTC news?

Is there also an 1 click install wallet for mac? thanks!

btc news?

light wallet, at bottom of this pg, ure best bet for 1 click install

https://getmonero.org/getting-started/choose

I heard there a some issues with BTC development what causes price rices for coins like XMR, ETH, FCT.

Is there also a wallet you can install, and open it with 1 click?



I'm not a mac user, so I don't know what is involved for jwinterm's wallet. In general, Monero is the most user-unfriendly cryptocurrency, because a majority of the effort is spent on the fundamentals of the coin - making the code better. But honestly it doesn't take that long to learn to use the software. The thing that takes the longest is syncing up with the network, as any of the "light clients" that exist are really just connecting to someone elses node, so you are sacrificing some privacy for the convenience of .... well I don't really know what.

edited to add, the core GUI is coming, jwinterms works fine, and mymonero is a useful way to use monero as of now.
legendary
Activity: 1148
Merit: 1000
Nice to see XMR price rising. Is it because of the BTC news?

Is there also an 1 click install wallet for mac? thanks!

btc news?

light wallet, at bottom of this pg, ure best bet for 1 click install

https://getmonero.org/getting-started/choose

I heard there a some issues with BTC development what causes price rices for coins like XMR, ETH, FCT.

Is there also a wallet you can install, and open it with 1 click?

legendary
Activity: 2268
Merit: 1141
Logs for the dev meeting held on 2016-03-05 (summary will be posted as soon as possible):

https://getmonero.org/2016/03/05/overview-and-logs-for-the-dev-meeting-held-on-2016-03-05.html

Thanks for keeping us up-to-date!

Indeed maybe not a dev-meeting decision, but I do as well hope we get rid of the term 'mixin' in version 1.0:

It sounds shady, is associated with 'mixing' but it isn't, and the term 'mixin' does not cover what is actually stands for: number of ring signatures. So thanks for bringing up the reminder and lets decide on an alternative word (at least 'ring size' is understandable for me as a not so technical user, but of course open for better suggestions).

Fully agree, there is a thread for discussion here:

https://forum.getmonero.org/20/general-discussion/2501/changing-the-term-mixin-to-something-more-useful
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Logs for the dev meeting held on 2016-03-05 (summary will be posted as soon as possible):

https://getmonero.org/2016/03/05/overview-and-logs-for-the-dev-meeting-held-on-2016-03-05.html

Thanks for keeping us up-to-date!

Indeed maybe not a dev-meeting decision, but I do as well hope we get rid of the term 'mixin' in version 1.0:

It sounds shady, is associated with 'mixing' but it isn't, and the term 'mixin' does not cover what is actually stands for: number of ring signatures. So thanks for bringing up the reminder and lets decide on an alternative word (at least 'ring size' is understandable for me as a not so technical user, but of course open for better suggestions).
legendary
Activity: 1260
Merit: 1008
Nice to see XMR price rising. Is it because of the BTC news?

Is there also an 1 click install wallet for mac? thanks!

btc news?

light wallet, at bottom of this pg, ure best bet for 1 click install

https://getmonero.org/getting-started/choose
hero member
Activity: 850
Merit: 1000
Has there been discussion on adding "fungible" as a fourth pillar of Monero (secure, private, untraceable, fungible)? True fungibility is a valuable property of Monero that BTC lacks. For those of us who have been with Monero for a long time, this is not news to you, but Monero is attracting more attention and I think it would benefit from showcasing its fungibility property and why it's so important/valuable (no coins can be blacklisted, blocked, etc.).

I think it's a key property that many don't know about, and they don't know about it because it's not showcased like the other properties/pillars. I think it would only benefit XMR to showcase this property. Has this topic been discussed?
legendary
Activity: 1148
Merit: 1000
Nice to see XMR price rising. Is it because of the BTC news?

Is there also an 1 click install wallet for mac? thanks!
legendary
Activity: 2268
Merit: 1141
Logs for the dev meeting held on 2016-03-05 (summary will be posted as soon as possible):

https://getmonero.org/2016/03/05/overview-and-logs-for-the-dev-meeting-held-on-2016-03-05.html
legendary
Activity: 2268
Merit: 1141
Third dev meeting in approximately 2 hours (17:00 UTC). Dev meeting will be held at #monero-dev on freenode.

Quote
If you have an IRC client, just make sure you are on the freenode server and you can subsequently join #monero-dev

If you don't have an IRC client, you can follow the dev meeting using:

http://webchat.freenode.net/

Set the channel to -> #monero-dev

And pick a nickname you like. Everyone is welcome to follow the dev meeting!

http://www.timeanddate.com/worldclock/converted.html?iso=20160305T17&p1=0&p2=179&p3=37&p4=166&p5=102&p6=240&p7=137&p8=70&p9=56&p10=103&p11=136&p12=195
legendary
Activity: 1750
Merit: 1101
karbo.io
Since Monero is fungible (nice!) it can't have colored coins, correct? One XMR = one XMR.

Lets say as a business I would like to make a 10 million USD (Monero market cap), international, private and instant transaction with another company. Monero would be perfect for this. But since Monero is fungible, I can't just color a coin and say it represents our 10 million USD transaction.

How can such a thing currently be solved without moving the price too much?
Use Payment ID ? This will allow you to confirm that the money were sent.
sr. member
Activity: 308
Merit: 250
Monero is one of the few old coins I still have in my crypto portfolio. Keep it up guys.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Since Monero is fungible (nice!) it can't have colored coins, correct? One XMR = one XMR.
Not in the same way as Bitcoin. We are looking at how best to approach assets as a research goal.

Thanks for your reply and lead. Coincidentally I just listened to fluffypony talking about Monero Assets (storing metadata in the 'TX_EXTRA' field, Bitcoin's OP_RETURN) during the 'Bitcoinference Monero Talk' (uploaded 2015.06.10). I can by the way recommend to watch the whole video, very informative.

https://www.youtube.com/watch?v=GEVm1dMn5Ks&feature=youtu.be&t=2142
hero member
Activity: 794
Merit: 1000
Monero (XMR) - secure, private, untraceable
My blockchain got corrupted when the electricity stopped. I resynced from scratch and it took about 24 hours. Previously I resynced from scratch a few times on the same machine on the same USB3 external hdd and on the same internet connection for 1-3 hours (it was on bitmonerod 0.9.0 tagged and before tagged, not 0.9.1). What could be the issue with the slow sync this time?

I'm not sure I'm understanding. Are you using the same version as before?

What CPU do you have?
I'm using 0.9.1 now. Previous times I was using 0.9.0 tagged and previous version (0.9.0 before tagged). Windows 7 64x. Mobile Core I7 (4 cores, 8 logical cores, 6 MB cash, with AES-NI).

Thank you for clarifying. We are looking into it.

I ran 0.9.1 again and it got to block 135000 in 43 minutes and block 270000 in 2 hours and 25 minutes. Then i checked my .bat file and the "--db-sync-mode fastest:async:10000" option was missing (fastest:async:1000 is the default and I'm using 10000, but it seems I deleted it by mistake). Then I started it again with the option added and it got to 135000 in 17 minutes and to 646069 in 2 hours and 25 minutes. That was the speed I experienced with 0.9 beta2. I hope I didn't alerted all the dev team. Great missive and great dev team. Congratulations to the new members. Keep the good work going.

Thank you for the follow up. We're going to take a look at whether there is a better default for the parameter, although higher numbers increase memory usage, so it may not be best for everyone to increase it.
That's what I expected too, but trying with 1000, 10000, 25000 and 100000 I can't see overall difference in RAM usage on my 16GB RAM system. It's using about 1 GB RAM on my system during sync with each option and most of it is shareable. After sync it's using 500 MB. The private working set (not shareable) is just 36-50 MB on my system. Also on my system there is a good speed improvement between 1000 and 10000, but going to 25000 and 100000 doesn't improve the speed more and it stays the same.
Your observations are exactly what is expected; smooth misspoke about increased memory usage. Increasing the sync interval just controls how much unwritten data is allowed to accumulate in the FS cache, but that doesn't affect program RAM usage. (He was probably thinking about batch size, which *does* increase memory usage.)
And yes, there's a practical threshold above which there's no longer any performance difference, because when the cache flush hits, there's enough unwritten data in cache to keep the storage device 100% busy until the sync/flush finishes. (It's also possible that your system's default settings have automatically started flushing the cache before your specified interval hits.)

Thank you for the clarification. I'll test if increasing the --batch-size helps the sync speed on my system - there's plenty of free RAM I'm not using most of the time.
Finally I have some time to test this more; however, there's no --batch-size option for birmonerod. There's such an option only for blockchain_import.
hero member
Activity: 770
Merit: 504

Quote
This use case does not really work. Let's say you could send a colored coin that was "worth" 10 million USD. What is the recipient supposed to do with with this colored coin? They can't spend it, at least not unless they can find someone who also trusts you to owe them 10 million USD. It represents an IOU, but in order for the recipient to actually get their money you would need to send a wire transfer or something, so why not just do that in the first place. Or if you really want an IOU, you can send a digitally signed email (and store a hash of it in a blockchain if you think that is useful).

This is what I have been saying for a while.  Since Bitcoin cannot be fungible at a protocol level, they should go the other way and try to deliberately be the most non-fungible coin possible.  Or, perhaps that could be handled by another blockchain entirely.... as in, colored coins by default.  Perhaps you could even store a small piece of data with each coin, the access to which is controlled by owning that token.
legendary
Activity: 2968
Merit: 1198
Since Monero is fungible (nice!) it can't have colored coins, correct? One XMR = one XMR.

Not in the same way as Bitcoin. We are looking at how best to approach assets as a research goal.

Quote
Lets say as a business I would like to make a 10 million USD (Monero market cap), international, private and instant transaction with another company. Monero would be perfect for this. But since Monero is fungible, I can't just color a coin and say it represents our 10 million USD transaction.

This use case does not really work. Let's say you could send a colored coin that was "worth" 10 million USD. What is the recipient supposed to do with with this colored coin? They can't spend it, at least not unless they can find someone who also trusts you to owe them 10 million USD. It represents an IOU, but in order for the recipient to actually get their money you would need to send a wire transfer or something, so why not just do that in the first place. Or if you really want an IOU, you can send a digitally signed email (and store a hash of it in a blockchain if you think that is useful).

Quote
How can such a thing currently be solved without moving the price too much?

Increase the market cap and liquidity so that 10 million USD can easily be accommodated.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Since Monero is fungible (nice!) it can't have colored coins, correct? One XMR = one XMR.

Lets say as a business I would like to make a 10 million USD (Monero market cap), international, private and instant transaction with another company. Monero would be perfect for this. But since Monero is fungible, I can't just color a coin and say it represents our 10 million USD transaction.

How can such a thing currently be solved without moving the price too much?
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
Found this on 4chan.  Might make a good signature!

Quote
Monero is only trying to be one thing: true digital cash, with all the privacy and fungibility that comes with that. It isn't just trying - it is wildly succeeding.

I can send $100,000 worth of Monero across the world instantly and nearly for free... but so could Bitcoin. But with Monero I can do it and no one can trace the transaction or see that I did it.

It is the holy grail of digital money.

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