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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 911. (Read 4670673 times)

hero member
Activity: 794
Merit: 1000
Monero (XMR) - secure, private, untraceable
^Could this be a (temporary) solution for exchanges and services?
i tried it, worked well.
unfortunately they send with mixing 0, rest worked fine for me. sometimes the price they offer is not so good, sometimes its better than on the exchange.

Hmm, I haven't tried it myself, but I could've sworn that I read Shapeshift uses mixin 3 now. I thought it was on reddit, but not seeing it now. Did you try within the last week or two, or longer ago than that?

They set it back to zero because of some problems with dust outputs or something. I don't know who received that message, but if you read this, please come and elaborate more on this matter (or perhaps shapeshift itself could elaborate?).

Just fyi,
I just tried shapeshift, (I just can't say no to +500 xmr/btc) - the transaction was done with mixin = 1

Looks completely obfuscated to me, but I'm really only starting to experiment with Monero transactions.

I just looked through my IRC log, and I'm not entirely sure, but it looks like the lowered mixins have to do with too many support tickets cropping up because the wallet software gets messed up with random huge transactions due to "not enough outputs to mix". So, my interpretation is that for personal use, you could fix this kind of error just by retrying with different send amounts etc, but with an automated system (like shapeshift) it doesn't work as well.

In general, I think this phenomenon is on the to do list, wherein the codebase will be modified such that any output can be utilized for a ring signature, as opposed to just unspent outputs. This has the effect of increasing the total number of available outputs for inclusion in the ring signature. This was in one of our podcasts somewhere.
A workaround for shapeshift could be: 1) receive/send with two digits XMR precision + 2) regularly/automatically consolidating amounts between two hot wallets. 2) could help poloniex with the same issue, but I'm not sure they'll want to enforce 1) (one more mining directly to polo problem).  

You can't stricly enforce 1), people can make mistakes, or they can decide to "bloat" your wallet maliciously.
They could round down to the second digit and then also subtract 0.01 or 0.02 XMR (wallet consolidation fee) from each deposit. This way they'll be able to keep the withdraw fee the same or even lower it while increasing the mixin to 3-10 for withdraws. Wallet consolidation fee may also discourage mining directly to the exchange. Whoever decide to ""bloat" your wallet maliciously" would pay the fee to consolidate it again. Could they possibly (legally?) enforce that?

Edit: Note that the two hot wallets could send with mixin of 1 for consolidation. Only user withdraws have to be 3+.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
Mixin with a count greater than 1 needs also the breaking out of transactions into powers of 10 down the the lowest level of precision used. So for example 0.00012959874 gets broken down into 0.00010000000, 0.00002000000, 0.00000900000, 0.00000050000, 0.00000009000, 0.00000000800, 0.00000000070, and 0.00000000004. Otherwise these remainder amounts are unique and cannot be mixed. Furthermore for this to work this change needs to be implemented ahead of the mixin change to provide enough transactions in the blockchain for the actual mixing to work. This needs to be addressed at the protocol level.

Right now anything with more than 2 decimal places cannot be mixed with a mixin over 1 and this is the cause of these problems. Asking exchanges to use higher mixin levels is doomed to failure without addressing this mantissa issue at the protocol level.
hero member
Activity: 644
Merit: 502
Shapeshift may have implemented mixin of 3 for some period of time, but it appears that they are back to mixin of 1.

 Undecided

I just observed this with a BTC->XMR transaction.

So, I just sent this message to their Help Center.

Quote
I was in communication with a representative of shapeshift a few weeks ago, and I was told that Monero transactions were to be implemented with mixin count of 3.
However, I just made a BTC->XMR transaction and the mixin count for the receipt of my XMR is displayed as 1 on the Monero blockchain.

Please explain this.
Thank you.

EDIT:

Received a quick reply from a Shapeshift Rep:

Quote
We had to remove the mixin count of 3 because it was messing up all of our monero transactions. People were not receiving their funds.
We will work on re-adding this in the future when we have time to look into why it was messing up the other transactions but until then, we have to remove.
We have A LOT of feature updates that we are trying to push out this next month and so I don't have a timeline for this for you, but will will try our best to re-add in the future.
newbie
Activity: 55
Merit: 0
2 months ago I started working on making OpenAlias convenient for everyone. Today I’m happy to announce that CryptoName is finally ready! Check it out at cryptoname.co.

CryptoName allows you to register aliases on several domains: ibankmyself.com, nobank.in, coindojo.com, nobool.com. DNSSEC is enabled for all of the domains. (MyMonero has problems validating DNSSEC OpenAlias domains currently, which is due too aggressive time-limit it has set for the process to complete. Fluffypony promised to improve it when he has some free time.)

To celebrate the launch, here are a couple of coupons for early adopters:

  • L15BT30 - 30% discount on 1-3 year registrations. Valid for 10 redemptions.
  • L15BT60 - 60% discount on 2 year registrations. Valid for 5 redemptions.

I’ll also be giving away 3x single-use 80% discount coupons on the #monero IRC channel on Freenode throughout the day. Will give 15 minute notice before posting each of the coupons.

I’ll be happy to answer any questions anyone has. Though it might be better to post them in the Monero forum thread as they might get lost in this thread.

Wow, very impressive! Just signed up for one 2 year alias without any issues. Great work.

sr. member
Activity: 770
Merit: 250
Finally, bitcointalk is back up.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
legendary
Activity: 1512
Merit: 1012
Still wild and free
Hey,

we've been at Geneva's Bitcoin Meetup yesterday and gave the following presentation on Monero, privacy and fungibility:
http://www.slideshare.net/arnuschky/monero-geneva

We got quite positive feedback on it, and might team up with some guys here to build the first Monero ATM Smiley



Thanks for sharing

Three guys with 'a' Ph.D?  Grin

Yeah I noticed the ambiguity afterwards... Sounds like we're sharing it  Grin
legendary
Activity: 1512
Merit: 1012
Still wild and free
For those who missed it: Gerard Willing is a video producer and editor, and a long time crypto-supporter. He was present at the Monero meetup in Brussels, he got enthousiastic and proposed to make a video about "Marilyn Monero".  Smiley
Nobody expected he would make it real so quick...

#0 (teaser): https://www.youtube.com/watch?v=2m9J9QfcX9U
#1: https://www.youtube.com/watch?v=0Qu5Y9nIhC8
The best is probably to follow the youtube channel here: https://www.youtube.com/channel/UCF4qw2Fdq6l_UrhtWlQjxaw
Here is Gerard's twitter account: https://twitter.com/gerardwilling
legendary
Activity: 1834
Merit: 1019
Hey,

we've been at Geneva's Bitcoin Meetup yesterday and gave the following presentation on Monero, privacy and fungibility:
http://www.slideshare.net/arnuschky/monero-geneva

We got quite positive feedback on it, and might team up with some guys here to build the first Monero ATM Smiley



Thanks for sharing

Three guys with 'a' Ph.D?  Grin
legendary
Activity: 1512
Merit: 1012
Still wild and free
Vote for Monero to be added at Coinomat.com https://coinomat.com/coinvoting.php
Coinomat.com offers bank transfers, withdrawals to Visa/Master card, and custom debit card for all the cryptocurrencies on its platform.
On top of that instant exchanges to all supported cryptocurrencies and e-currencies are available.
Crypto to Fiat liquidity can provide a significant boost to Monero.
more program details here: https://bitcointalksearch.org/topic/new-coins-at-coinomatcom-add-your-coin-1053407

Quote
#1 - Auroracoin

Is this a joke?
hero member
Activity: 550
Merit: 500
VOTE FOR

Vote for Monero to be added at Coinomat.com https://coinomat.com/coinvoting.php
Coinomat.com offers bank transfers, withdrawals to Visa/Master cards, and custom debit cards for all the cryptocurrencies on its platform.
On top of that, instant exchanges to all supported cryptocurrencies and e-currencies are available.

Coinomat.com pioneered instant crypto to crypto exchange in 2013 and now also offers various crypto to fiat solutions to provide additional liquidity for supported cryptocurrencies. Coinomat was the first project to offer this and it will always remain our top priority.

Normally, to withdraw to a bank account you need someone to send you the funds from their local bank, so it can be a problem if there aren't many local exchanges happening. Traditionally, transfer costs are a hassle, can cost up to 3% of the amount and take 2-3 business days.

With Coinomat you can easily send funds to any Visa or Master card in the world instantly, with no wait time.

Various fiat exchange features:

- Instant exchanges to all other cryptos on our platform.

- Withdrawal to any Visa or Master card issued by any bank in the world.

*This is a great way to provide your coin with liquidity, especially for users who live in the countries with less crypto exposure.


Crypto purchasing and selling with bank transfer

If you need to buy altcoins with bank transfers it can be a real problem and there arn't a lot of providers out there. We enable our users to load their Coinomat account with a bank transfer and buy any coin we support. To mitigate volatility effects, first the account is credited and only after that, a user can purchase the crypto of his choice.
Transfers from most countries are accepted (except for US)


Withdrawal to a custom bank card

We offer custom debit cards which can be loaded with cryptocurrency and work in ATM's all over the world. Card costs $40 and are delivered within a week after successful order (users need to provide Personal ID and Proof of residence). The card is not tied to a personal bank account and works more like stored value card. After the card is delivered, a user is able to load it from their Coinomat account.

Offering these services, we cover basically all major ways to buy and sell your crypto. Liquidity is what the cryptocurrency scene is lacking at the moment, and providing more fiat liquidity can be a great popularity booster for Bitshares.

Head over to our voting page and get things started!

https://coinomat.com/coinvoting.php


*Exchange directions provided for supported coins

full member
Activity: 243
Merit: 125
Forgot to add - my travels have disrupted the Missive schedule, but we're trying to get everything back on track now:)

Your travels are important for Monero PR health, because of your meetups with Bitcoin society, so you can consider to talk about that travels as it were an authentic Monero missive. Smiley
full member
Activity: 243
Merit: 125
Can confirm I'm back, see GPG signed message below (my GPG key is in the Monero source tree):

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

This is to confirm I have recovered my Bitcointalk account.

Also we've had awesome and successful Monero meetups in Brussels, Paris, and Berlin. Tomorrow I talk in Berlin again at the Bitcoin meetup (but this time on the subject of OpenAlias), and then on the weekend I am presenting on Monero at Bitcoinference in Amsterdam.

Hopefully after that things go back to normal:)
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1

iQEcBAEBAgAGBQJVY4iIAAoJEFVDLfMczU/NunAH/A4pRLDQi/Hs57GlIvcMcbAO
qfFqHnFB54uPb2VHR/YrcpR1raYA77qozKqQl1ELSyHXcoALsrOT9LDlkL0uYlpj
1wNRVLOedAD210DfGIzW3uI1Az5+LRZ0fq5JkTApadxeotDc+4g4k7hA+/6j1Anw
2VCQNdsJwylXxlcph4cilTLWNDKjNIQ3s5bbscOS3BUAsugOKyRKUKPxDrD5D6yT
Q05dakuClvpJ/MSwiKneP1/kNVGbfH4LYoviGjHJbYw5maUxWzCV9gI3iVWTOBii
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=0PCz
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Elegantly! Smiley
sr. member
Activity: 462
Merit: 250
No problem... I just want shitcoin announcements. I mine them and I won 1-3 Monepoj a day.
If I put my processor and my graphics card to the task of mining directly Monero, I would only have 0.5.
I'm curious what coins do you mine with CPU / GPU to get 1-3 moneroj/day.

Those are mainly the newly announced coins. They had low difficulty and easy to mine at first.
newbie
Activity: 58
Merit: 0
No problem... I just want shitcoin announcements. I mine them and I won 1-3 Monepoj a day.
If I put my processor and my graphics card to the task of mining directly Monero, I would only have 0.5.
I'm curious what coins do you mine with CPU / GPU to get 1-3 moneroj/day.
newbie
Activity: 16
Merit: 0
2 months ago I started working on making OpenAlias convenient for everyone. Today I’m happy to announce that CryptoName is finally ready! Check it out at cryptoname.co.

CryptoName allows you to register aliases on several domains: ibankmyself.com, nobank.in, coindojo.com, nobool.com. DNSSEC is enabled for all of the domains. (MyMonero has problems validating DNSSEC OpenAlias domains currently, which is due too aggressive time-limit it has set for the process to complete. Fluffypony promised to improve it when he has some free time.)

To celebrate the launch, here are a couple of coupons for early adopters:

  • L15BT30 - 30% discount on 1-3 year registrations. Valid for 10 redemptions.
  • L15BT60 - 60% discount on 2 year registrations. Valid for 5 redemptions.

I’ll also be giving away 3x single-use 80% discount coupons on the #monero IRC channel on Freenode throughout the day. Will give 15 minute notice before posting each of the coupons.

I’ll be happy to answer any questions anyone has. Though it might be better to post them in the Monero forum thread as they might get lost in this thread.
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
this bullshitcoin is still alive? Cheesy
prepare your anus for sub 0.001 Wink

Why do you have a "VIP" picture as your profile pic? Fake it till you make it, eh?
legendary
Activity: 2282
Merit: 1050
Monero Core Team
this bullshitcoin is still alive? Cheesy
prepare your anus for sub 0.001 Wink

Just in case this is of interest. One can sell XMR short on Poloniex now.  Wink

Lol, Is it true?

Yes. https://www.poloniex.com/lending#XMR
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
this bullshitcoin is still alive? Cheesy
prepare your anus for sub 0.001 Wink

Just in case this is of interest. One can sell XMR short on Poloniex now.  Wink

Lol, Is it true?
legendary
Activity: 2282
Merit: 1050
Monero Core Team
this bullshitcoin is still alive? Cheesy
prepare your anus for sub 0.001 Wink

Just in case this is of interest. One can sell XMR short on Poloniex now.  Wink
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