Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 740. (Read 4671575 times)

Cool painting.

5 more pull requests just merged 

Soon™

Yes it was. There will need to be some more testing of the "version 2" state now that the fork is over but the forking process itself went perfectly.

The test run sounds like it was a resounding success!

See beneath:

So I was traveling all day today and couldn't really follow what happened on the test run... Can anyone give me a TLDR version of everything that happened? I think everything went smoothly but don't really know. So glad I don't really have to know how to run these types of things and know that monero is in good hands with active devs and experts in the crypto world.

Congratulations on your successful testnet run. I will continue to follow your development efforts.

to clarify, mainnet is 18080, testnet is 28080. And make sure the port is forwarded all the way through your intranet - your modem sometimes has a firewall, your router has a firewall, and your OS probably has a firewall.

Yes
http://moneronodes.i2p.xyz/

Do I need to do port forwarding in my router to set up a full node as in Bitcoin 0.11?

Wrt payment IDs, I think luigi1111 developed "stealth" payment IDs, which are serialised into the designation address. He can probably elaborate on it better, but bottom line is that this will also hide the payment ID. I think the feature is included in 0.9.

FYI: testnet hard fork in a few hours

https://forum.getmonero.org/1/news-announcements-and-editorials/2429/testnet-hard-fork-23rd-november-2015-block-624634

Not all scammers think about usability as their focus. Focus is usually on lining their pockets.

It doesn't need to be hinted. It is documented on github that they were added after the Bytecoin release, once people actually started using it and realized there was no good way to send funds to an exchange or merchant. You would think they might have figured that out in two years on the darknet, but I guess not.

Yup, that's a good non-technical summary of how it works.

If you need reassurance, then yes.

However, in the whole process there's also a transaction ID. Basically, its an identifier for the whole transaction, and this transaction ID is public. So, if you were to send some monero to someone, your wallet software would say "yay you've sent money. Your transaction ID is (somestringofnumbers). So, if you go and paste this transaction ID on the blockchain, you can find your transaction. Of course, the transaction information is all cryptographically garbled nonsense thanks to ring signatures + stealth addresses.

The primary reason now for leaving out a payment ID is that its not encrypted / hidden / etc - its all public information (bitcoin style - whatever you push to the blockchain is whats recorded on the blockchain in more or less plain text... well, plain hex). So, this could create the same kind of information leak that can occur in bitcoin. Say, for instance, you constantly use a payment ID of s230909hfkhsdfs. Lets say you use this payment ID for years, for whatever reason. If it was ever leaked that this was your payment ID, then boom - now anyone can look at the blockchain and find which transactions are yours, ala bitcoin style. All of the ring signatures and stealth addressing is wasted.

It has been pointed out that the sloppy nature of payment IDs hints that these were tacked on in the final stages of cryptonote development when the original developers realized that their system was so good that it would be impossible to identify that a particular incoming transaction was from bob, if bob is sending money to a store or an exchange.

The only reason I've ever used a EDIT: transaction payment ID was to be able to prove that I was the sender of the transaction. If you don't need proof that you sent the transaction (such as from your online exchange wallet to your home wallet), then you don't need to use it. It's not always necessary. Of course you could always use it if you want.

I guess I'm a little slow when learning these things, but wouldn't you always want to include a payment ID when conducting business with someone in that case?  Even in regards to sending a payment to yourself from an exchange... if you don't include the payment ID when transacting XMR to your wallet, regardless of where it's coming from, wouldn't you always want to include it so you can be able to see it on the blockchain just for reassurance purposes?  Is there an advantage for leaving out the payment ID in some cases? Etc.

nioc is correct but I want to clarify the purpose of the payment id so you understand why some use it (like exchanges) while others do not.  If two people owe you exactly 100xmr and both claim they paid you but you only received one transaction for 100xmr how do you know which person paid you?

Asking someone to include a payment ID (like an exchange requests for deposits) allows you to easily connect the payment with the person you provided that payment ID.

When you are sending xmr to yourself from an exchange you know where the xmr came from and probably don't need a payment ID.

Your wallet address is the same, but how its recorded on the blockchain is totally random. If you take your wallet address and paste it into the search bar on moneroblocks.eu or chainradar, you won't get any results. The way I understand it, each time you make a transaction, your keys are used to generate a totally random address just for recording in the blockchain. Now, only your keys can let you know which totally random address is yours.