Is it time to buy Monero?
U can read an analysis here.
http://bitcoinbcn.blogspot.com.es/2015/10/es-el-momento-de-comprar-monero-xmr.html
Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 779. (Read 4671575 times)
October 12, 2015, 10:11:29 PM
October 12, 2015, 04:20:55 PM
Ring Confidential Transactions (CT) for Monero: A work in progress, comments welcome
https://github.com/ShenNoether/MiniNero/blob/master/RingCT0.1_copy.pdf
https://www.reddit.com/r/Monero/comments/3oi16k/ring_ct_for_monero_a_work_in_progress_comments/
https://github.com/ShenNoether/MiniNero/blob/master/RingCT0.1_copy.pdf
https://www.reddit.com/r/Monero/comments/3oi16k/ring_ct_for_monero_a_work_in_progress_comments/
October 12, 2015, 03:04:56 PM
thx for your answers guys! I will check it out.
I'm learning a lot. Trying to understand instantX, masternodes and darksend works (DASH)
and now I need to learn about monero too. It seems a lot more complicated, but will try to understand it.
good to hear that there are at least active developers. if I have any questions regarding monero, I'll return here.
I'm learning a lot. Trying to understand instantX, masternodes and darksend works (DASH)
and now I need to learn about monero too. It seems a lot more complicated, but will try to understand it.
good to hear that there are at least active developers. if I have any questions regarding monero, I'll return here.
October 12, 2015, 02:53:29 PM
What about we tone it down and remain respectful to one another?
One of the reasons I don't participate much. Trolling and flame wars stopped being interesting to me in the usenet days.
YOU KEEP QUIET...YOU LETTER ON A KEYBOARD!
(I jest, I'm in agreement that we should just mellow out, no use in getting uppity)
October 12, 2015, 02:37:14 PM
What about we tone it down and remain respectful to one another?
One of the reasons I don't participate much. Trolling and flame wars stopped being interesting to me in the usenet days.
October 12, 2015, 02:10:09 PM
Hi guys, I have a question...
I'm new to crypto (I always dismissed BTC due to its public nature) and was introduced to DASH by a friend.
I discovered something called "cryptonote" and over at the DASH topic. I just started researching monero/cryptonote, because it was mentioned that it has private balances, something DASH doesn't have.
They are saying however, that the monero blockchain is bloated and that transacting could become very slow in the future because of the large database of transaction information.
this is what I read in that topic:
Can you guys give me a little bit more information? please, no trolling, I noticed that there is a bit of back and forth trolling between DASH and monero, i'm just here for some information...
I'm new to crypto (I always dismissed BTC due to its public nature) and was introduced to DASH by a friend.
I discovered something called "cryptonote" and over at the DASH topic. I just started researching monero/cryptonote, because it was mentioned that it has private balances, something DASH doesn't have.
They are saying however, that the monero blockchain is bloated and that transacting could become very slow in the future because of the large database of transaction information.
this is what I read in that topic:
Quote
I decided above all else, that cryptonote will likely never work because the amount of information each transaction has to be run through is going to become such a large database, it will slow down so badly that it will become a slug. I can't see how they can possibly trim any of it. They say they can, but I have other issues I can't figure out, and I've tried. Still, no gui, a bloated block chain and no real developers working on it makes me think that if it's ever workable, it'll be 20 years in the future.
Being about 3/4 the age of Dash, almost 5 times the size blockchain, and far far fewer people using it (meaning not nearly as many transactions going through as Dash), their blockchain issues are massive.
Being about 3/4 the age of Dash, almost 5 times the size blockchain, and far far fewer people using it (meaning not nearly as many transactions going through as Dash), their blockchain issues are massive.
Can you guys give me a little bit more information? please, no trolling, I noticed that there is a bit of back and forth trolling between DASH and monero, i'm just here for some information...
the amount of information each transaction has to be run through is going to become such a large database, it will slow down so badly that it will become a slug
This is false. Perhaps if you created a transaction with 1000000 mixins you might encounter this slugishness. In all real world purposes, this is simply a database lookup (in an indexed database, mind you!) if I understand correctly, and I may not. This is a non issue. People are running monero on raspberry pi's. If a raspberry pi can handle these database lookups, this is not an issue.
I can't see how they can possibly trim any of it. They say they can, but I have other issues I can't figure out, and I've tried. The blockchain actually can be trimmed. Aeon is another cryptonote that has succesfuly integrated trimming, and there's been some talk of further trimming, though ultimately these are also non issues. Any cryptocurrency that uses a blockchain concept will have blockchain bloat. Monero's will simply be larger. But 18 years ago i had to worry about my Mp3's using all the space on my 100 MB hard drive that took me 8-10 hours to download over napster.
re: the second part "I have other issues I can't figure out"... Thats definitely not a monero problem.
no real developers is offensive and indicates a lack of knowledge regarding how open source development works. For an animation of all the developers that have contributed, check this out: https://www.youtube.com/watch?v=o4xpmbu49d8
And thats just since april 2015!
Regarding performance, try it out on your own (the 0.9 beta binaries in my sig. The old release binaries on the website are not so great. This new version has been in development for some time, and will be amazing).
As for the underlying technology, it is the best out there. Here is my slide show of monero in action
http://imgur.com/a/Oe0l1
October 12, 2015, 02:03:32 PM
They are saying however, that the monero blockchain is bloated and that transacting could become very slow in the future because of the large database of transaction information.
Sure, it's an absolutely valid concern.
I think the important thing is not to compare Monero's block size with Dash, but firstly with Bitcoin so that we have a baseline. Monero's transactions are smaller than Bitcoin's, like-for-like. So if Monero were a "transparent blockchain" like Bitcoin's we would have a smaller blockchain than Bitcoin for the same transactions! But since part of Monero's "opaqueness" involves hiding the origin of transactions by making inputs appear to come from multiple transactions, this incurs an additional size penalty. This means that, for the same number of transactions, Monero's blockchain is about 4-5 times bigger than Bitcoin's.
It is important to note, though, that any privacy feature will have a similar impact. Dash's DarkSend, centralised Bitcoin mixing services, or even decentralised initiatives like JoinMarket (which is built on the CoinJoin scheme) all have an increased transaction size. If they are enforced on every transaction (ie. on a protocol level) it means the entire blockchain is significantly larger - and that applies to Bitcoin too!
The reality when it comes to blockchain sizes is that linear blockchain bloat is largely insignificant. What I mean when I say that is this: which is more convenient to host, a 350gb blockchain, or a 1.58tb blockchain? Well they're both inconveniently large, and whilst you could argue that a 350gb blockchain fits on a 512gb SSD today (where a 1.58gb blockchain doesn't) it's obviously growing so fast it'll outstrip that storage space in a matter of months. Basically any blockchain above, like, 20gb is a complete pain in the posterior.
The solution to this problem is not to try incremental, linear decreases in blockchain size. If you have a useful cryptocurrency that people are using the blockchain is going to be large. Suck it up, embrace it, accept it right now. Rather, the long-term solution can be found in blockchain pruning, whereby we cut off all the historical data and only keep a subset (the utxoset for Bitcoin, and the txoset + key image set for Monero). In this Bitcoin has a slightly different approach to Monero, where nodes are either "archival" (keeping the entire blockchain) or "current" (keeping a small portion). With Monero we will be implementing pruning in a per-node configurable basis, where node operators can choose to either keep the whole chain (default), keep only the last M blocks, or keep everything from block N. This will mean that, as a node syncs up, it will find progressively more nodes that have the blocks it is requesting, until it reaches the top block in the network, and every node has that available:)
October 12, 2015, 01:41:57 PM
Hi guys, I have a question...
I'm new to crypto (I always dismissed BTC due to its public nature) and was introduced to DASH by a friend.
I discovered something called "cryptonote" and over at the DASH topic. I just started researching monero/cryptonote, because it was mentioned that it has private balances, something DASH doesn't have.
They are saying however, that the monero blockchain is bloated and that transacting could become very slow in the future because of the large database of transaction information.
this is what I read in that topic:
Can you guys give me a little bit more information? please, no trolling, I noticed that there is a bit of back and forth trolling between DASH and monero, i'm just here for some information...
I'm new to crypto (I always dismissed BTC due to its public nature) and was introduced to DASH by a friend.
I discovered something called "cryptonote" and over at the DASH topic. I just started researching monero/cryptonote, because it was mentioned that it has private balances, something DASH doesn't have.
They are saying however, that the monero blockchain is bloated and that transacting could become very slow in the future because of the large database of transaction information.
this is what I read in that topic:
Quote
I decided above all else, that cryptonote will likely never work because the amount of information each transaction has to be run through is going to become such a large database, it will slow down so badly that it will become a slug. I can't see how they can possibly trim any of it. They say they can, but I have other issues I can't figure out, and I've tried. Still, no gui, a bloated block chain and no real developers working on it makes me think that if it's ever workable, it'll be 20 years in the future.
Being about 3/4 the age of Dash, almost 5 times the size blockchain, and far far fewer people using it (meaning not nearly as many transactions going through as Dash), their blockchain issues are massive.
Being about 3/4 the age of Dash, almost 5 times the size blockchain, and far far fewer people using it (meaning not nearly as many transactions going through as Dash), their blockchain issues are massive.
Can you guys give me a little bit more information? please, no trolling, I noticed that there is a bit of back and forth trolling between DASH and monero, i'm just here for some information...
October 12, 2015, 12:22:31 PM
in other news, the new default mixin value was bumped to 4 https://github.com/monero-project/bitmonero/commit/79c95c1748da8981aa8042db4cc316242a9f90fb 
And just merged into both the master and development branches.
As well as being default, is it an enforced minimum?
The default is enabled immediately, along with some of the other changes (if you build the code yourself, or once there is a binary to download otherwise). The enforced minimums will happen in six months or so once the fork goes into effect.
October 12, 2015, 12:07:41 PM
in other news, the new default mixin value was bumped to 4 https://github.com/monero-project/bitmonero/commit/79c95c1748da8981aa8042db4cc316242a9f90fb
And just merged into both the master and development branches.
As well as being default, is it an enforced minimum?
Read the following link and it will probably be crystal clear for you -> https://www.reddit.com/r/Monero/comments/3n06qw/there_seems_to_be_some_confusion_around_the/
October 12, 2015, 12:03:16 PM
in other news, the new default mixin value was bumped to 4 https://github.com/monero-project/bitmonero/commit/79c95c1748da8981aa8042db4cc316242a9f90fb
And just merged into both the master and development branches.
As well as being default, is it an enforced minimum?
October 12, 2015, 08:06:34 AM
in other news, the new default mixin value was bumped to 4 https://github.com/monero-project/bitmonero/commit/79c95c1748da8981aa8042db4cc316242a9f90fb
And just merged into both the master and development branches.
October 12, 2015, 04:49:06 AM
Given this projects' goals, people using it may assume that if it's Monero, its anonymity is not in question. Actually, based on your own words (in bold in the quoted material above) maybe the slogan on the MyMonero front page very well shouldn't be "Send and receive Monero safely and securely, anywhere and any time", and should, instead, be a warning that makes an effort to explain to people that their view keys are being sent to the server, that they're using a JavaScript-based wallet that is never going to be safe, and that this is only a stopgap solution. That would seem to better fit the principles of this project.
It's one of those situations where we can't qualify every statement that is made.
It's like saying that we should change the Monero slogan from "secure, private, untraceable" to "secure (as long as you don't leak your private keys and no exploit or bug exists which lets someone steal your funds), private (as long as you're using i2p, coming soon, and the counterparties you deal with don't reveal your details), untraceable (as long as everyone is using mixin >0 and no systematic reveal of inputs leaks the real one)"...which is not quite as catchy;)
October 11, 2015, 07:02:26 PM
What about we tone it down and remain respectful to one another?
Agree with you here, can't really comprehend the hostile tone here kazuki49. Illodin just stated a few things he thought would be relevant, there was no trolling or whatsoever involved.
I'm not really being hostile I'm sorry if it is being perceveid as this (except to Illodin because he will keep assuming things to fit his narrative).
I was pointing at the hostile behaviour towards Illodin. I prefer that you argue normally with eachother. Like I said, he did nothing wrong, why the ad hominem attacks then?
October 11, 2015, 06:53:20 PM
What about we tone it down and remain respectful to one another?
Agree with you here, can't really comprehend the hostile tone here kazuki49. Illodin just stated a few things he thought would be relevant, there was no trolling or whatsoever involved.
I'm not really being hostile I'm sorry if it is being perceveid as this (except to Illodin because he will keep assuming things to fit his narrative).
October 11, 2015, 06:50:31 PM
What about we tone it down and remain respectful to one another?
Agree with you here, can't really comprehend the hostile tone here kazuki49. Illodin just stated a few things he thought would be relevant, there was no trolling or whatsoever involved.
October 11, 2015, 06:15:50 PM
What about we tone it down and remain respectful to one another?
October 11, 2015, 06:14:16 PM
dual boot
very safe
very safe
If you get spyware infection while booted on the Windows, it can read the Linux partition and copy itself there.
Not if you encrypt the partition.
Which partition? You'll still have your boot partition unencrypted.
You are not very smart, I knew you were going to say that, lil butthurt dash troll
...which is why I use https://wiki.archlinux.org/index.php/Dm-crypt/Specialties#chkboot that check for modifications of the /boot partition every new boot. I expect people involved in crypto to be able to secure themselves.
Ok, so why it took you so long to google that up then lol.
I use this for years already, I was just waiting you fall in your own web like every troll.
I believe your little brother syndrome has really messed up your head. How was I trolling? Just because I've made money and you haven't doesn't make anything I post "trolling".
October 11, 2015, 06:11:10 PM
dual boot
very safe
very safe
If you get spyware infection while booted on the Windows, it can read the Linux partition and copy itself there.
Not if you encrypt the partition.
Which partition? You'll still have your boot partition unencrypted.
You are not very smart, I knew you were going to say that, lil butthurt dash troll
...which is why I use https://wiki.archlinux.org/index.php/Dm-crypt/Specialties#chkboot that check for modifications of the /boot partition every new boot. I expect people involved in crypto to be able to secure themselves.
Ok, so why it took you so long to google that up then lol.
I use this for years already, was just waiting you fall in your own web like every troll.
October 11, 2015, 06:09:07 PM
dual boot
very safe
very safe
If you get spyware infection while booted on the Windows, it can read the Linux partition and copy itself there.
Not if you encrypt the partition.
Which partition? You'll still have your boot partition unencrypted.
You are not very smart, I knew you were going to say that, lil butthurt dash troll
...which is why I use https://wiki.archlinux.org/index.php/Dm-crypt/Specialties#chkboot that check for modifications of the /boot partition every new boot. I expect people involved in crypto to be able to secure themselves.
Ok, so why it took you so long to google that up then lol.
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