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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 662. (Read 4671660 times)

legendary
Activity: 2968
Merit: 1198
There are ways around this, such as out-of-band signaling, or recipient-provided keys. There are different trade-offs, though, and I haven't yet found the "perfect" one.

I figured you could just scan the blockchain without saving it. So basically find a way to get the daemon to synchronize with the network without saving the blockchain, and get simplewallet to scan those dloaded blocks as the daemon synchronizes.

Of course you can do that but (with some recognition of MKN's laws) does it really make sense to expect someone on a cell phone to receive and scan every transaction being generated by millions or billions of people? Probably not.

My personal favorite for in-person transactions is that the sender signs the transaction, transmits it locally to the recipient via QR/NFC/BT/etc., and the recipient transmits it to the blockchain. In doing so the recipient now knows which transactions require confirmation and scanning. The rest can be ignored. As luigi said though, there are multiple approaches that can work for different use cases.



legendary
Activity: 1260
Merit: 1008
Well thats gonna be the case for *any* cryptocurrency. With this line of logic, the next major effort should be electrum style infrastructure.

That's what I'm hinting at. I edited my previous post:

That said, what will a future XMR wallet look like for the "average joe" Monero user in, say, 2020?

Monero has a hurdle in that Electrum style wallets come with a significant privacy cost. Will this be a scalability bottleneck?

I don't think so... and I do believe you and I have hashed this out before Smiley . Again, I think all thats necessary is a subset of the blockchain to provide adequate ring partners. So regardless of how large the whole blockchain is, you can maintain simply 2 gigs of random blockchain data and your wallet can select from those outputs. This 2 gig subset will refresh and change on some schedule.

Trust me, if I knew how to code this is what I would figure out.

Well, that and remote transaction pushing. Stupid work eating my time.

But you need the entire blockchain at some point in order to know your balance. Are you suggesting using a remote chain for that while also storing the chain "fragment" locally?

There are ways around this, such as out-of-band signaling, or recipient-provided keys. There are different trade-offs, though, and I haven't yet found the "perfect" one.

I figured you could just scan the blockchain without saving it. So basically find a way to get the daemon to synchronize with the network without saving the blockchain, and get simplewallet to scan those dloaded blocks as the daemon synchronizes.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
I really fail to comprehend how Dash (or darkcoin or w/e crap name they come up with next week) has any value at all in a market that also has Monero. I guess the market will correct at some point.

Dash aims to create real cash that everyone can use not only some coder geeks selling each other pot in between coding sessions from a wallet command prompt. There's a big focus on user adoption, ease of use, viable funding method and so on. This is the only way the project can grow and become a real alternative to cash.

Monero thinks small time and still entrenched in this niche bullshit mindset.

Dash's boundless ambitions greatly exceed its limited abilities.  It's trying to be all things to all people.  Ain't gonna happen.

Monero does one thing and does it better than anyone else.

We're starting in that niche and will grow from there.  Focused bottom-up grassroots will beat overreaching top-down centralization every single time.

EG:  http://motherboard.vice.com/blog/the-first-thing-to-be-bought-and-sold-on-the-internet-was-some-weed

According to Herp's Derp Logic, nobody is using e-commerce because back in the day it was limited to Stanford AI nerds and MIT ARPAnet geeks.
sr. member
Activity: 294
Merit: 250
I've heard ZCash had some very ugly things to say about Monero lately. Any comments on that?
legendary
Activity: 1105
Merit: 1000
Well thats gonna be the case for *any* cryptocurrency. With this line of logic, the next major effort should be electrum style infrastructure.

That's what I'm hinting at. I edited my previous post:

That said, what will a future XMR wallet look like for the "average joe" Monero user in, say, 2020?

Monero has a hurdle in that Electrum style wallets come with a significant privacy cost. Will this be a scalability bottleneck?

I don't think so... and I do believe you and I have hashed this out before Smiley . Again, I think all thats necessary is a subset of the blockchain to provide adequate ring partners. So regardless of how large the whole blockchain is, you can maintain simply 2 gigs of random blockchain data and your wallet can select from those outputs. This 2 gig subset will refresh and change on some schedule.

Trust me, if I knew how to code this is what I would figure out.

Well, that and remote transaction pushing. Stupid work eating my time.

But you need the entire blockchain at some point in order to know your balance. Are you suggesting using a remote chain for that while also storing the chain "fragment" locally?

There are ways around this, such as out-of-band signaling, or recipient-provided keys. There are different trade-offs, though, and I haven't yet found the "perfect" one.
hero member
Activity: 870
Merit: 585
mobile wallet in the works too?
There is one mobile wallet for android, works with www.monerowallet.com. Though not as sexy as for example Jaxx.
What I badly want it's that moneroaddress.org could develop into something like myetherwallet.com. I am not sure it's possible, just an idea.

I'd like to try monerowallet.com.  Can you download it from github?  I couldn't find it there.
hero member
Activity: 795
Merit: 514
Well thats gonna be the case for *any* cryptocurrency. With this line of logic, the next major effort should be electrum style infrastructure.

That's what I'm hinting at. I edited my previous post:

That said, what will a future XMR wallet look like for the "average joe" Monero user in, say, 2020?

Monero has a hurdle in that Electrum style wallets come with a significant privacy cost. Will this be a scalability bottleneck?

I don't think so... and I do believe you and I have hashed this out before Smiley . Again, I think all thats necessary is a subset of the blockchain to provide adequate ring partners. So regardless of how large the whole blockchain is, you can maintain simply 2 gigs of random blockchain data and your wallet can select from those outputs. This 2 gig subset will refresh and change on some schedule.

Trust me, if I knew how to code this is what I would figure out.

Well, that and remote transaction pushing. Stupid work eating my time.

But you need the entire blockchain at some point in order to know your balance. Are you suggesting using a remote chain for that while also storing the chain "fragment" locally?
legendary
Activity: 1260
Merit: 1008
Well thats gonna be the case for *any* cryptocurrency. With this line of logic, the next major effort should be electrum style infrastructure.

That's what I'm hinting at. I edited my previous post:

That said, what will a future XMR wallet look like for the "average joe" Monero user in, say, 2020?

Monero has a hurdle in that Electrum style wallets come with a significant privacy cost. Will this be a scalability bottleneck?

I don't think so... and I do believe you and I have hashed this out before Smiley . Again, I think all thats necessary is a subset of the blockchain to provide adequate ring partners. So regardless of how large the whole blockchain is, you can maintain simply 2 gigs of random blockchain data and your wallet can select from those outputs. This 2 gig subset will refresh and change on some schedule.

Trust me, if I knew how to code this is what I would figure out.

Well, that and remote transaction pushing. Stupid work eating my time.
legendary
Activity: 2268
Merit: 1141
Well thats gonna be the case for *any* cryptocurrency. With this line of logic, the next major effort should be electrum style infrastructure.

That's what I'm hinting at. I edited my previous post:

That said, what will a future XMR wallet look like for the "average joe" Monero user in, say, 2020?

Monero has a hurdle in that Electrum style wallets come with a significant privacy cost. Will this be a scalability bottleneck?

EDIT: Not to mention the "electrum style" wallets that we're used to aren't really possible with Monero, as you need the private key (or viewkey) and have to scan the entire blockchain in order to get an address balance.

Perhaps by the time it will become a scalability bottleneck there is a solution already.
legendary
Activity: 1750
Merit: 1101
karbo.io
What I badly want it's that moneroaddress.org could develop into something like myetherwallet.com. I am not sure it's possible, just an idea.
I don't see what the difference is? myetherwallet.com provides a QR code for the wallet address and private key... ?
Well, it's possible to enter seed and check balance, even send ether from opened wallet, see 'Send transaction' tab.
EDIT: I suspect that in case of Monero it is more complicated as we can't just look at the block explorer to check balance, so trusted node load for such a thing can be big.
hero member
Activity: 795
Merit: 514
Well thats gonna be the case for *any* cryptocurrency. With this line of logic, the next major effort should be electrum style infrastructure.

That's what I'm hinting at. I edited my previous post:

That said, what will a future XMR wallet look like for the "average joe" Monero user in, say, 2020?

Monero has a hurdle in that Electrum style wallets come with a significant privacy cost. Will this be a scalability bottleneck?

EDIT: Not to mention the "electrum style" wallets that we're used to aren't really possible with Monero, as you need the private key (or viewkey) and have to scan the entire blockchain in order to get an address balance.
legendary
Activity: 1260
Merit: 1008
mobile wallet in the works too?

There is one mobile wallet for android, works with www.monerowallet.com. Though not as sexy as for example Jaxx.
What I badly want it's that moneroaddress.org could develop into something like myetherwallet.com. I am not sure it's possible, just an idea.



I don't see what the difference is? myetherwallet.com provides a QR code for the wallet address and private key... ?


While I agree that a packaged GUI would benefit XMR, usability at this point should generally be a third-party concern. Does anyone still use Bitcoin QT?

I'm more interested in seeing new third-party projects like XMR.TO or MyMonero that make the currency accessible to people unwilling or unable to run full nodes.

Have you seen how ugly and inconvenient it is? That might be the reason.

Perhaps, but I suspect the most common reason is that it's simply not practical for the average user to host a 20gb blockchain and run a full node in order to make transactions.

Well thats gonna be the case for *any* cryptocurrency. With this line of logic, the next major effort should be electrum style infrastructure.
hero member
Activity: 795
Merit: 514
While I agree that a packaged GUI would benefit XMR, usability at this point should generally be a third-party concern. Does anyone still use Bitcoin QT?

I'm more interested in seeing new third-party projects like XMR.TO or MyMonero that make the currency accessible to people unwilling or unable to run full nodes.

Have you seen how ugly and inconvenient it is? That might be the reason.

Perhaps, but I suspect the most common reason is that it's simply not practical for the average user to host a 20gb blockchain and run a full node in order to make transactions.

That said, what will a future XMR wallet look like for the "average joe" Monero user in, say, 2020?
legendary
Activity: 1750
Merit: 1101
karbo.io
mobile wallet in the works too?

There is one mobile wallet for android, works with www.monerowallet.com. Though not as sexy as for example Jaxx.
What I badly want it's that moneroaddress.org could develop into something like myetherwallet.com. I am not sure it's possible, just an idea.

sr. member
Activity: 462
Merit: 500
I really fail to comprehend how Dash (or darkcoin or w/e crap name they come up with next week) has any value at all in a market that also has Monero. I guess the market will correct at some point.

Dash aims to create real cash that everyone can use not only some coder geeks selling each other pot in between coding sessions from a wallet command prompt. There's a big focus on user adoption, ease of use, viable funding method and so on. This is the only way the project can grow and become a real alternative to cash.

Monero thinks small time and still entrenched in this niche bullshit mindset.

Lulz "Monero thinks small time and still entrenched in this niche bullshit mindset." Look at all the brain power that has gone into this project, ( some of that brain power just recently de-anonymized all of the shadowcash chain... tech that your leader Evan wanted to acquire) they are focusing on the core development which has turned some heads in the crypto space to begin with. Has dash survived an actual attack on their network? I think not. Did you know that one of the main reasons Dashs price is where it is? Ottoh the whale. Do you know who strong armed Evan to change the name to Dash? Ottoh did. You have two central points of failure Evan who like someone pointed out controls the spork key... then you have an enormous whale named Ottoh who strong arms the other central point of failure to do what he sees best...... dont forget the instamine evan added in at the very beginning!  XMR has no premine and no instamine, (Though it may have had its own problems with mining in early days to be fair, but this wasn't something that was blatantly added much like the ENORMOUS instamine Evan willing added in)  Darksend is an absolute joke... run along now and pump your dying coin somewhere else...
legendary
Activity: 2268
Merit: 1141
the gui wallet sure looks sexy, cant wait for it to come out

mobile wallet in the works too?

There is an android wallet already:

https://play.google.com/store/apps/details?id=com.ionicframework.monerowallet116498
legendary
Activity: 2268
Merit: 1141
While I agree that a packaged GUI would benefit XMR, usability at this point should generally be a third-party concern. Does anyone still use Bitcoin QT?

I'm more interested in seeing new third-party projects like XMR.TO or MyMonero that make the currency accessible to people unwilling or unable to run full nodes.

Have you seen how ugly and inconvenient it is? That might be the reason.
legendary
Activity: 1457
Merit: 1001
the gui wallet sure looks sexy, cant wait for it to come out

mobile wallet in the works too?
hero member
Activity: 795
Merit: 514
While I agree that a packaged GUI would benefit XMR, usability at this point should generally be a third-party concern. Does anyone still use Bitcoin QT?

I'm more interested in seeing new third-party projects like XMR.TO or MyMonero that make the currency accessible to people unwilling or unable to run full nodes.
hero member
Activity: 870
Merit: 585
Be careful what you wish for.
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