Author

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 876. (Read 4670673 times)

newbie
Activity: 56
Merit: 0
http://cointelegraph.com/news/114648/jon-matonis-the-bitcoin-ecosystem-will-soon-need-a-reference-interest-rate-similar-to-libor


Quote
Privacy, which means coins unlinked to identity, is a prerequisite for fungibility. And, fungibility is the cornerstone of any viable payment system. Therefore, governments that are proposing to regulate the way that their national currencies are bought and sold for bitcoin in their jurisdiction must take extra special care in preserving overall Bitcoin fungibility. It becomes incumbent upon them to play a role in maintaining, not harming, Bitcoin's fungibility.

Yes, Jon. I'm sure they will be upstanding stewards. He's doing some serious mental gymnastics here. If the fungibility can be so easily corrupted, then it's not really inherently fungible is it? And as we know
Quote
fungibility is the cornerstone of any viable payment system
.

Fungibility cannot be voluntary.


This is an astonishingly simple tautology, and yet people keep ignoring it.


That's Bitcoin FUD !!!

This petition will totally work:
"Government, please give us Bitcoin fungibility for our revolutionary cryptocurrency so we can make your fiat currency worthless."

The government will FOR SURE tm listen to us and happily ignore the public blockchain and promise to NEVER tm use any tool to analyse the data.
PROMISED tm

 Grin

I'm absolutely sure the fed's version of crypto won't allow them to fudge the numbers..... Total confidence. Governments much rather would create a banking system-proprietary blockchain. This really the only part of crypto they want. Lets get real and practical. The governments would collect taxes through crypto because it can require by law that employers record all wage payments. What it completely destroys is the banking system.
legendary
Activity: 2268
Merit: 1141
I need your help!

Please email [email protected] and ask them to add Monero

BTC38 is a very important altcoin exchange in China.

Chinese care about privacy but most are not aware of Monero yet.

BTC38 will like our volume. Someone from the dev team should also work with them to make sure they set things up correctly.  Perhaps they would be a good test case for the first exchange to use an integrated address and payment ID

Do you want us to email them in English? I think we would stand more of a chance if, for instance, you emailed them in Chinese.

Agree on the bolded part and I think the devs would certainly help with integrating as long as one of their devs speaks proper english.

PS: Monero is already on there, just not as trading pair -> http://www.btc38.com/altcoin/xmr/

It would be very beneficial if some Chinese people would start writing about Monero on Chinese crypto currency websites/forums.  Getting some of the more relevant materials on getmonero.org translated into Chinese would be great as well.

Its a huge market not to be underestimated.

I propose to make a bounty for translating getmonero.org into chinese and also make a bounty for forums to announce the translated getmonero.org website.
What do you think about that?
I would start with 100xmr


I will match your 100xmr.

Sounds like a good idea! Perhaps we could ask the person who translated the ANN to translate the website as well? https://bitcointalksearch.org/topic/xmr-monero-ring-signatures-604293 & https://bitcointalksearch.org/user/lisalee-253834
hero member
Activity: 714
Merit: 504
I need your help!

Please email [email protected] and ask them to add Monero

BTC38 is a very important altcoin exchange in China.

Chinese care about privacy but most are not aware of Monero yet.

BTC38 will like our volume. Someone from the dev team should also work with them to make sure they set things up correctly.  Perhaps they would be a good test case for the first exchange to use an integrated address and payment ID

Do you want us to email them in English? I think we would stand more of a chance if, for instance, you emailed them in Chinese.

Agree on the bolded part and I think the devs would certainly help with integrating as long as one of their devs speaks proper english.

PS: Monero is already on there, just not as trading pair -> http://www.btc38.com/altcoin/xmr/

It would be very beneficial if some Chinese people would start writing about Monero on Chinese crypto currency websites/forums.  Getting some of the more relevant materials on getmonero.org translated into Chinese would be great as well.

Its a huge market not to be underestimated.

I propose to make a bounty for translating getmonero.org into chinese and also make a bounty for forums to announce the translated getmonero.org website.
What do you think about that?
I would start with 100xmr


I will match your 100xmr.
legendary
Activity: 1008
Merit: 1001
I need your help!

Please email [email protected] and ask them to add Monero

BTC38 is a very important altcoin exchange in China.

Chinese care about privacy but most are not aware of Monero yet.

BTC38 will like our volume. Someone from the dev team should also work with them to make sure they set things up correctly.  Perhaps they would be a good test case for the first exchange to use an integrated address and payment ID

Do you want us to email them in English? I think we would stand more of a chance if, for instance, you emailed them in Chinese.

Agree on the bolded part and I think the devs would certainly help with integrating as long as one of their devs speaks proper english.

PS: Monero is already on there, just not as trading pair -> http://www.btc38.com/altcoin/xmr/

It would be very beneficial if some Chinese people would start writing about Monero on Chinese crypto currency websites/forums.  Getting some of the more relevant materials on getmonero.org translated into Chinese would be great as well.

Its a huge market not to be underestimated.

I propose to make a bounty for translating getmonero.org into chinese and also make a bounty for forums to announce the translated getmonero.org website.
What do you think about that?
I would start with 100xmr
legendary
Activity: 1456
Merit: 1000
I need your help!

Please email [email protected] and ask them to add Monero

BTC38 is a very important altcoin exchange in China.

Chinese care about privacy but most are not aware of Monero yet.

BTC38 will like our volume. Someone from the dev team should also work with them to make sure they set things up correctly.  Perhaps they would be a good test case for the first exchange to use an integrated address and payment ID

Do you want us to email them in English? I think we would stand more of a chance if, for instance, you emailed them in Chinese.

Agree on the bolded part and I think the devs would certainly help with integrating as long as one of their devs speaks proper english.

PS: Monero is already on there, just not as trading pair -> http://www.btc38.com/altcoin/xmr/

It would be very beneficial if some Chinese people would start writing about Monero on Chinese crypto currency websites/forums.  Getting some of the more relevant materials on getmonero.org translated into Chinese would be great as well.

Its a huge market not to be underestimated.
legendary
Activity: 2268
Merit: 1141
I need your help!

Please email [email protected] and ask them to add Monero

BTC38 is a very important altcoin exchange in China.

Chinese care about privacy but most are not aware of Monero yet.

BTC38 will like our volume. Someone from the dev team should also work with them to make sure they set things up correctly.  Perhaps they would be a good test case for the first exchange to use an integrated address and payment ID

Do you want us to email them in English? I think we would stand more of a chance if, for instance, you emailed them in Chinese.

Agree on the bolded part and I think the devs would certainly help with integrating as long as one of their devs speaks proper english.

PS: Monero is already on there, just not as trading pair -> http://www.btc38.com/altcoin/xmr/
full member
Activity: 122
Merit: 100
I need your help!

Please email [email protected] and ask them to add Monero

BTC38 is a very important altcoin exchange in China.

Chinese care about privacy but most are not aware of Monero yet.

BTC38 will like our volume. Someone from the dev team should also work with them to make sure they set things up correctly.  Perhaps they would be a good test case for the first exchange to use an integrated address and payment ID
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
http://cointelegraph.com/news/114648/jon-matonis-the-bitcoin-ecosystem-will-soon-need-a-reference-interest-rate-similar-to-libor


Quote
Privacy, which means coins unlinked to identity, is a prerequisite for fungibility. And, fungibility is the cornerstone of any viable payment system. Therefore, governments that are proposing to regulate the way that their national currencies are bought and sold for bitcoin in their jurisdiction must take extra special care in preserving overall Bitcoin fungibility. It becomes incumbent upon them to play a role in maintaining, not harming, Bitcoin's fungibility.

Yes, Jon. I'm sure they will be upstanding stewards. He's doing some serious mental gymnastics here. If the fungibility can be so easily corrupted, then it's not really inherently fungible is it? And as we know
Quote
fungibility is the cornerstone of any viable payment system
.

Fungibility cannot be voluntary.


This is an astonishingly simple tautology, and yet people keep ignoring it.


That's Bitcoin FUD !!!

This petition will totally work:
"Government, please give us Bitcoin fungibility for our revolutionary cryptocurrency so we can make your fiat currency worthless."

The government will FOR SURE tm listen to us and happily ignore the public blockchain and promise to NEVER tm use any tool to analyse the data.
PROMISED tm

 Grin
legendary
Activity: 1512
Merit: 1012
Still wild and free
http://cointelegraph.com/news/114648/jon-matonis-the-bitcoin-ecosystem-will-soon-need-a-reference-interest-rate-similar-to-libor


Quote
Privacy, which means coins unlinked to identity, is a prerequisite for fungibility. And, fungibility is the cornerstone of any viable payment system. Therefore, governments that are proposing to regulate the way that their national currencies are bought and sold for bitcoin in their jurisdiction must take extra special care in preserving overall Bitcoin fungibility. It becomes incumbent upon them to play a role in maintaining, not harming, Bitcoin's fungibility.

Yes, Jon. I'm sure they will be upstanding stewards. He's doing some serious mental gymnastics here. If the fungibility can be so easily corrupted, then it's not really inherently fungible is it? And as we know
Quote
fungibility is the cornerstone of any viable payment system
.

Fungibility cannot be voluntary.


This is an astonishingly simple tautology, and yet people keep ignoring it.
sr. member
Activity: 770
Merit: 250
But XMR has large stakeholders too.

Not compared to BCN. Only one or two XMR holders have more than 2% of the supply. That's nowhere close to 82%.

Are you shure....
I made a poll how much XMR you own and 6 hit more than 100000. That can also be a million or 2 for early holders  Shocked

good thing there are no trolls on the internet and people don't tend to lie online...

seriously dude, a poll? you might wanna check the richlist on moneroblocks for a more conclusive answer: http://moneroblocks.eu/richlist  Wink

For the record I picked over 100,000 for jokes. In actuality I own a little less than 200(And intend to buy more). So yea if anyone else did anything similar(I'm sure most did), then the poll obviously isn't accurate/doesn't represent anything.
hero member
Activity: 714
Merit: 504
Do we have a light weight SPV wallets for bitmonero so users can use 32-bit clients?

sdp

The general feeling I get is that full 32 bit node > SPV wallet, because decentralization. To that end, I understand that core effort is focused on 32 bit database version work.... if you have a 32 bit machine, take it for a spin. Hrm, maybe I'll make a VM this evening and see if it works. Oh bugguh. Then I'll have to find a raw blockchain or convert one. Blargh.

Although this type of effort is a good candidate for parallel development - as is the case with bitcoin, I assume some % of monero users won't bother with running full nodes. Independent of full client type (LMDB vs. in-RAM), SPV network can still extract block headers from blockchain.... what would we need to make this happen? From what I understand of these clients, we would have to extract block headers from the blockchain... some individuals would have to run some type of additional server to feed up these block headers or something...

i wonder how hackable electrum is to monero's end

https://github.com/spesmilo/electrum

I'm guessing possibly not, due to fundamental architecture difference between two systems? (separation of wallet and daemon in monero). Hrm... possibly clash in development pipeline though due to transition from RPC to 0MQ? I know that has something to do with how wallet communicates with daemon. BAH! I don't know enough.

Who wants to try the new forum funding system for this?

Instead of lowering 32 bit development priority why not just cancel it? It seems like a waste of time and the development team has many other important projects

I'd argue that 32-bit wallets are important. Private digital currencies are just as much about politics as they are about technology. There is a whole subculture out there of political anarchists, nomadic cyber-what-nots, travelling vagrants, hippies, libertarian survivalists, hedonistic nihilists... a global bunch of misfits who have little interest in the practicalities of expensive new technological equipment, while simultaneously having significant interest in technological concepts that are able to work in harmony with current lifestyles.
legendary
Activity: 2968
Merit: 1198
Do we have a light weight SPV wallets for bitmonero so users can use 32-bit clients?

sdp

The general feeling I get is that full 32 bit node > SPV wallet, because decentralization. To that end, I understand that core effort is focused on 32 bit database version work.... if you have a 32 bit machine, take it for a spin. Hrm, maybe I'll make a VM this evening and see if it works. Oh bugguh. Then I'll have to find a raw blockchain or convert one. Blargh.

Although this type of effort is a good candidate for parallel development - as is the case with bitcoin, I assume some % of monero users won't bother with running full nodes. Independent of full client type (LMDB vs. in-RAM), SPV network can still extract block headers from blockchain.... what would we need to make this happen? From what I understand of these clients, we would have to extract block headers from the blockchain... some individuals would have to run some type of additional server to feed up these block headers or something...

i wonder how hackable electrum is to monero's end

https://github.com/spesmilo/electrum

I'm guessing possibly not, due to fundamental architecture difference between two systems? (separation of wallet and daemon in monero). Hrm... possibly clash in development pipeline though due to transition from RPC to 0MQ? I know that has something to do with how wallet communicates with daemon. BAH! I don't know enough.

Who wants to try the new forum funding system for this?

Instead of lowering 32 bit development priority why not just cancel it? It seems like a waste of time and the development team has many other important projects

32 bit is intended to be able to run nodes on cheap (<$50) embedded platforms like raspberry pi, which is valuable for decentralization and privacy. There are 64 bit embedded devices but they are less readily available and more expensive.

32 bit desktop support is totally unimportant and I don't think any core development team effort is being put into it at all. I'm not sure any of us even have a 32 bit desktop system for testing. Now it may just work, and if we get reasonable pull requests to address issues there we'll merge them, but that would have to be some development contributor wanting to work on it.
full member
Activity: 122
Merit: 100
Do we have a light weight SPV wallets for bitmonero so users can use 32-bit clients?

sdp

The general feeling I get is that full 32 bit node > SPV wallet, because decentralization. To that end, I understand that core effort is focused on 32 bit database version work.... if you have a 32 bit machine, take it for a spin. Hrm, maybe I'll make a VM this evening and see if it works. Oh bugguh. Then I'll have to find a raw blockchain or convert one. Blargh.

Although this type of effort is a good candidate for parallel development - as is the case with bitcoin, I assume some % of monero users won't bother with running full nodes. Independent of full client type (LMDB vs. in-RAM), SPV network can still extract block headers from blockchain.... what would we need to make this happen? From what I understand of these clients, we would have to extract block headers from the blockchain... some individuals would have to run some type of additional server to feed up these block headers or something...

i wonder how hackable electrum is to monero's end

https://github.com/spesmilo/electrum

I'm guessing possibly not, due to fundamental architecture difference between two systems? (separation of wallet and daemon in monero). Hrm... possibly clash in development pipeline though due to transition from RPC to 0MQ? I know that has something to do with how wallet communicates with daemon. BAH! I don't know enough.

Who wants to try the new forum funding system for this?

Instead of lowering 32 bit development priority why not just cancel it? It seems like a waste of time and the development team has many other important projects
sr. member
Activity: 350
Merit: 250
http://cointelegraph.com/news/114648/jon-matonis-the-bitcoin-ecosystem-will-soon-need-a-reference-interest-rate-similar-to-libor


Quote
Privacy, which means coins unlinked to identity, is a prerequisite for fungibility. And, fungibility is the cornerstone of any viable payment system. Therefore, governments that are proposing to regulate the way that their national currencies are bought and sold for bitcoin in their jurisdiction must take extra special care in preserving overall Bitcoin fungibility. It becomes incumbent upon them to play a role in maintaining, not harming, Bitcoin's fungibility.

Yes, Jon. I'm sure they will be upstanding stewards. He's doing some serious mental gymnastics here. If the fungibility can be so easily corrupted, then it's not really inherently fungible is it? And as we know
Quote
fungibility is the cornerstone of any viable payment system
.

Yes, Bitcoin has no true fungibility, if it can be attacked it is not anti-fragile and can be disrupted, no amount of pretty please will make governments or corporations refrain from doing it, in fact they are already unmasking Bitcoin transactions in real time. flufflypony explained the dangers very well here: http://www.reddit.com/r/Monero/comments/3ayf7f/fungibility_arguments_re_bitcoin/csh3inn
hero member
Activity: 795
Merit: 514
But XMR has large stakeholders too.

Not compared to BCN. Only one or two XMR holders have more than 2% of the supply. That's nowhere close to 82%.

Are you shure....
I made a poll how much XMR you own and 6 hit more than 100000. That can also be a million or 2 for early holders  Shocked

100k is roughly 0.5%, so that kind of makes my point.

I believe Risto has said (but I can't find the reference) that he doesn't think anyone holds much more than 400k, because there's no good reason to at this point. A million is unlikely.
legendary
Activity: 2674
Merit: 2053
Free spirit

I'm not a f*cking troll!



Having said all that I have pushed the envelope with this one. trying to turn an 80% premine/privatemine scenario into a defence-of-anon argument is a reach, thats for sure. I just wanted to see how close I'd get.





what is a Troll again? oh yeah
legendary
Activity: 1260
Merit: 1008
The general feeling I get is that full 32 bit node > SPV wallet, because decentralization. To that end, I understand that core effort is focused on 32 bit database version work....

From those (few?) that are stuck with 32-bit pc's and want to use Monero, how many of them would run a full node anyway if they could run an SPV wallet instead? I'm guessing not that many. A 32-bit bitmonerod ain't worth the hassle from my point of view.

right, i agree.
legendary
Activity: 1008
Merit: 1001
But XMR has large stakeholders too.

Not compared to BCN. Only one or two XMR holders have more than 2% of the supply. That's nowhere close to 82%.

Are you shure....
I made a poll how much XMR you own and 6 hit more than 100000. That can also be a million or 2 for early holders  Shocked

good thing there are no trolls on the internet and people don't tend to lie online...

seriously dude, a poll? you might wanna check the richlist on moneroblocks for a more conclusive answer: http://moneroblocks.eu/richlist  Wink

Yeah that´s good, it is an public poll, but you can ask Risto of how much he holds  Shocked
Your richlist still states nothing, i told you so last time dude  Cool

…makes an attacker's job easier BUT ONLY IF the attacker shares info with the major BCN stakeholders or if the attacker is the major BCN stakeholders, correct?

No. Reread where I already explained it.


Really sorry I've lost it in the thread and still dont get this. Could u pls re-post or PM me? thx

I was also hoping for a response to the 2nd statement:

"with ALL CN coins we have to trust that large holders do not conspire to de-anon our tx's". this is true, yes?



But XMR has large stakeholders too.

Not compared to BCN. Only one or two XMR holders have more than 2% of the supply. That's nowhere close to 82%.

Are you shure....
I made a poll how much XMR you own and 6 hit more than 100000. That can also be a million or 2 for early holders  Shocked

2% of the base supply target would be 360k. 100k isn't even close to that. Maybe you could quibble with the numbers but its just realistically nowhere near 80%. (Of course 80% now is absolutely impossible since only about 40% total has been mined, but even 80% of the 40% is just flat out unrealistic.)




sounds good + agree XMR distro much better than BCN but there is no way of knowing and this seems like more educated guesswork.


Jope, it is, and will be  Wink
sr. member
Activity: 294
Merit: 260
The general feeling I get is that full 32 bit node > SPV wallet, because decentralization. To that end, I understand that core effort is focused on 32 bit database version work....

From those (few?) that are stuck with 32-bit pc's and want to use Monero, how many of them would run a full node anyway if they could run an SPV wallet instead? I'm guessing not that many. A 32-bit bitmonerod ain't worth the hassle from my point of view.
legendary
Activity: 1260
Merit: 1008
Do we have a light weight SPV wallets for bitmonero so users can use 32-bit clients?

sdp

The general feeling I get is that full 32 bit node > SPV wallet, because decentralization. To that end, I understand that core effort is focused on 32 bit database version work.... if you have a 32 bit machine, take it for a spin. Hrm, maybe I'll make a VM this evening and see if it works. Oh bugguh. Then I'll have to find a raw blockchain or convert one. Blargh.

Although this type of effort is a good candidate for parallel development - as is the case with bitcoin, I assume some % of monero users won't bother with running full nodes. Independent of full client type (LMDB vs. in-RAM), SPV network can still extract block headers from blockchain.... what would we need to make this happen? From what I understand of these clients, we would have to extract block headers from the blockchain... some individuals would have to run some type of additional server to feed up these block headers or something...

i wonder how hackable electrum is to monero's end

https://github.com/spesmilo/electrum

I'm guessing possibly not, due to fundamental architecture difference between two systems? (separation of wallet and daemon in monero). Hrm... possibly clash in development pipeline though due to transition from RPC to 0MQ? I know that has something to do with how wallet communicates with daemon. BAH! I don't know enough.

Who wants to try the new forum funding system for this?
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