[XMR] Monero - A secure, private, untraceable cryptocurrency - page 989.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: aminorex on April 09, 2015, 05:16:51 PM

Quote from: othe on April 09, 2015, 10:32:02 AM

use an unlock_time=9999999999 (seconds - 317 years or so) - for example, or even higher.

That's not quite burn, but close. The 317 year time-capsule has a value, and is transferrable. It destroys XMR for most functional purposes, yes, but it creates a new security, the XMR time-capsule. The effect on the float would be, probably measurably, different from the effect of a classic burn.

~~The highest I believe is around 1000 years; 500m blocks.~~ As an unsigned 64 bit number the highest would be 2⁶⁴-1 seconds. Something in the neighborhood of 600 billion years.

And it isn't so readily transferable because that would require private keys to be transferred and the buyer can't be sure of getting the only copy.

Anyway, I think you can just set the output key to be something chosen as obviously not real, like all 7s. Possibly you can set it to something that is positively invalid, too, but I'm not sure.

aminorex

legendary

Activity: 1596

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Sine secretum non libertas

Quote from: Nassim Taleb

If you see fraud and don't shout fraud, you are a fraud.

Some caution is advisable in application. "If you see mind-controlled zombies who have replaced your coworkers..." you're probably just a paranoid schizophrenic.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: othe on April 09, 2015, 10:32:02 AM

use an unlock_time=9999999999 (seconds - 317 years or so) - for example, or even higher.

That's not quite burn, but close. The 317 year time-capsule has a value, and is transferrable. It destroys XMR for most functional purposes, yes, but it creates a new security, the XMR time-capsule. The effect on the float would be, probably measurably, different from the effect of a classic burn.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Ullo on April 09, 2015, 02:37:13 PM

There's no need spreading fud in the roadmap thread.

Calling out lying scammers for who and what they are not "fud", it is the duty of any person of integrity. Something you would know nothing about.

Quote: "If you see fraud and don't shout fraud, you are a fraud"
-- Nassim Taleb (author or Black Swan and Anti-fragility; credit to opennux for the quote).

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: fluffypony on April 09, 2015, 02:26:54 PM

Quote from: ?? on ??

crossposting because it was posted in a moderated thread and 99% certain it will be deleted

Quote from: ?? on ??

Quote from: Nxtblg on April 04, 2015, 10:59:49 AM

Quote from: ?? on ??

CryptoNote assets would be amazing!! If only there wasn't the bad 'smell' around the ~80% premine.

That premine could be a blessing in disguise if it were used to subsidize people who issue and maintain Assets like Bitshares': Assets tied to others.

The 82% premine is indeed a blessing in disguise - they own so many of the outputs in the txoset that they can trivially deanonymise everyone's transactions.

Let me say that again: as 82% of Bytecoin's outputs are controlled by persons unknown to the cryptocurrency community, those unknown entities (or entity) can deanonymise every transaction you make with Bytecoin.

There is no way around this, there is nothing they can do to reduce the attack surface. Even if 1000 sock puppets come forward and claim to own a portion of those outputs it is still impossible for anyone to independently verify.

Technical details of why such massive output ownership is a death knoll can be found in MRL-0001: A Note on Chain Reactions in Traceability in CryptoNote 2.0

Aaaaaand it's gone.

Should you be new to the internet and do not understand the above reference, please take a minute of your time to acquaint yourself with this worthy meme:

https://www.youtube.com/watch?v=-DT7bX-B1Mg

Globb0

legendary

Activity: 2674

Merit: 2053

Free spirit

Arux

hero member

Activity: 500

Merit: 500

Quote from: osensei on April 09, 2015, 01:03:08 PM

Quote from: dEBRUYNE on April 09, 2015, 12:04:01 PM

Quote from: binaryFate on April 09, 2015, 11:53:36 AM

Quote from: tyz on April 09, 2015, 11:51:38 AM

Hello,
I consider to buy some Monero for the first time and took a look for a good wallet. I am wondering how secure MyMonero.com is? Is it like an exchange where all coin could be stolen without having the private key?

No, it's more like blockchain.info, the private key is only on the client side and never ever known to the website.

In addition:

Quote from: fluffypony on April 08, 2015, 12:40:34 PM

MyMonero only has your view key, not your spend key, so no way to touch your funds without your involvement:)

PS: MyMonero is run by core developer Fluffypony

Also, not possible right now, but I believe that at some point you will be able to use your mnemonic seed (or your keys, not sure which) from MyMonero on simplewallet. So in the case that MyMonero ceased to exist, you could still have access to your funds.

meanwhile you can also create your seed with simplewallet (25 words with --generate-new-wallet) and use it on mymonero and/or simplewallet
just be aware of : your login key will be twice as long (25 words vs 13), transactions previous your first login are not visible (will cost you 10 xmr if you want to import them but if it's a new wallet, you don't need to do it), working with english seed but not sure for other languages

Globb0

legendary

Activity: 2674

Merit: 2053

Free spirit

Quote from: fluffypony on April 09, 2015, 02:26:54 PM

Quote from: ?? on ??

crossposting because it was posted in a moderated thread and 99% certain it will be deleted

Quote from: ?? on ??

Quote from: Nxtblg on April 04, 2015, 10:59:49 AM

Quote from: ?? on ??

CryptoNote assets would be amazing!! If only there wasn't the bad 'smell' around the ~80% premine.

That premine could be a blessing in disguise if it were used to subsidize people who issue and maintain Assets like Bitshares': Assets tied to others.

The 82% premine is indeed a blessing in disguise - they own so many of the outputs in the txoset that they can trivially deanonymise everyone's transactions.

Let me say that again: as 82% of Bytecoin's outputs are controlled by persons unknown to the cryptocurrency community, those unknown entities (or entity) can deanonymise every transaction you make with Bytecoin.

There is no way around this, there is nothing they can do to reduce the attack surface. Even if 1000 sock puppets come forward and claim to own a portion of those outputs it is still impossible for anyone to independently verify.

Technical details of why such massive output ownership is a death knoll can be found in MRL-0001: A Note on Chain Reactions in Traceability in CryptoNote 2.0

Aaaaaand it's gone.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: Ullo on April 09, 2015, 02:37:13 PM

Quote from: ArticMine on April 09, 2015, 02:29:33 PM

We will see how long this one lasts

Quote from: ?? on ??

"A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations."

I'd do it, but you're not worth the effort.

My post lives on in perpetuity: https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449

There's no need spreading fud in the roadmap thread.

The point you're making is a good take on the CryptoNote technology itself. I've forwarded MRL-0001 to the team to let them do the review of Monero's research. I'll provide you with our conclusions.

Mouahahahaha Cheesy

Since you claim to discover the MRL articles now, you should forward all of them, you'll save time.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: Ullo on April 09, 2015, 02:37:13 PM

Quote from: ArticMine on April 09, 2015, 02:29:33 PM

We will see how long this one lasts

Quote from: ?? on ??

"A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations."

I'd do it, but you're not worth the effort.

My post lives on in perpetuity: https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449

There's no need spreading fud in the roadmap thread.

The point you're making is a good take on the CryptoNote technology itself. I've forwarded MRL-0001 to the team to let them do the review of Monero's research. I'll provide you with our conclusions.

I found a more appropriate thread https://bitcointalksearch.org/topic/m.11034887 since the vulnerability is directly related to the premine / ninjamine of Bytecoin.

Ullo

member

Activity: 108

Merit: 10

Quote from: ArticMine on April 09, 2015, 02:29:33 PM

We will see how long this one lasts

Quote from: ?? on ??

"A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations."

I'd do it, but you're not worth the effort.

My post lives on in perpetuity: https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449

There's no need spreading fud in the roadmap thread.

The point you're making is a good take on the CryptoNote technology itself. I've forwarded MRL-0001 to the team to let them do the review of Monero's research. I'll provide you with our conclusions.

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: cAPSLOCK on April 09, 2015, 02:35:25 PM

Quote from: fluffypony on April 09, 2015, 02:26:54 PM

Aaaaaand it's gone.

It's deletey around here recently...

As an OT aside. Although there is a famous "death knoll" near where I live here in Dallas TX, I think you may have meant "death knell"

Whoops, I did indeed!

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Whimsical Pants

Quote from: fluffypony on April 09, 2015, 02:26:54 PM

Aaaaaand it's gone.

It's deletey around here recently...

As an OT aside: Although there is a famous "death knoll" near where I live here in Dallas TX, I think you may have meant "death knell"

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

We will see how long this one lasts

Quote from: ?? on ??

"A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations."

I'd do it, but you're not worth the effort.

My post lives on in perpetuity: https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: ?? on ??

crossposting because it was posted in a moderated thread and 99% certain it will be deleted

Quote from: ?? on ??

Quote from: Nxtblg on April 04, 2015, 10:59:49 AM

Quote from: ?? on ??

CryptoNote assets would be amazing!! If only there wasn't the bad 'smell' around the ~80% premine.

That premine could be a blessing in disguise if it were used to subsidize people who issue and maintain Assets like Bitshares': Assets tied to others.

The 82% premine is indeed a blessing in disguise - they own so many of the outputs in the txoset that they can trivially deanonymise everyone's transactions.

Let me say that again: as 82% of Bytecoin's outputs are controlled by persons unknown to the cryptocurrency community, those unknown entities (or entity) can deanonymise every transaction you make with Bytecoin.

There is no way around this, there is nothing they can do to reduce the attack surface. Even if 1000 sock puppets come forward and claim to own a portion of those outputs it is still impossible for anyone to independently verify.

Technical details of why such massive output ownership is a death knoll can be found in MRL-0001: A Note on Chain Reactions in Traceability in CryptoNote 2.0

Aaaaaand it's gone.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: ?? on ??

crossposting because it was posted in a moderated thread and 99% certain it will be deleted

Quote from: ?? on ??

Quote from: Nxtblg on April 04, 2015, 10:59:49 AM

Quote from: ?? on ??

CryptoNote assets would be amazing!! If only there wasn't the bad 'smell' around the ~80% premine.

That premine could be a blessing in disguise if it were used to subsidize people who issue and maintain Assets like Bitshares': Assets tied to others.

The 82% premine is indeed a blessing in disguise - they own so many of the outputs in the txoset that they can trivially deanonymise everyone's transactions.

Let me say that again: as 82% of Bytecoin's outputs are controlled by persons unknown to the cryptocurrency community, those unknown entities (or entity) can deanonymise every transaction you make with Bytecoin.

There is no way around this, there is nothing they can do to reduce the attack surface. Even if 1000 sock puppets come forward and claim to own a portion of those outputs it is still impossible for anyone to independently verify.

Technical details of why such massive output ownership is a death knoll can be found in MRL-0001: A Note on Chain Reactions in Traceability in CryptoNote 2.0

You crazy Monero developers / supporters with your facts and logic and science.

Good call on the xpost!!

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: Moria843 on April 09, 2015, 01:29:42 PM

I created a wallet on MyMonero and was hoping I would be able to buy XMR there also. Is that something that may be available in the future? Until then where's the best place to buy XMR?

Poloniex.

Moria843

sr. member

Activity: 442

Merit: 250

Found Lost beach - quiet now

I created a wallet on MyMonero and was hoping I would be able to buy XMR there also. Is that something that may be available in the future? Until then where's the best place to buy XMR?

osensei

member

Activity: 70

Merit: 10

https://monerohash.com

Quote from: dEBRUYNE on April 09, 2015, 12:04:01 PM

Quote from: binaryFate on April 09, 2015, 11:53:36 AM

Quote from: tyz on April 09, 2015, 11:51:38 AM

Hello,
I consider to buy some Monero for the first time and took a look for a good wallet. I am wondering how secure MyMonero.com is? Is it like an exchange where all coin could be stolen without having the private key?

No, it's more like blockchain.info, the private key is only on the client side and never ever known to the website.

In addition:

Quote from: fluffypony on April 08, 2015, 12:40:34 PM

MyMonero only has your view key, not your spend key, so no way to touch your funds without your involvement:)

PS: MyMonero is run by core developer Fluffypony

Also, not possible right now, but I believe that at some point you will be able to use your mnemonic seed (or your keys, not sure which) from MyMonero on simplewallet. So in the case that MyMonero ceased to exist, you could still have access to your funds.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: binaryFate on April 09, 2015, 11:53:36 AM

Quote from: tyz on April 09, 2015, 11:51:38 AM

Hello,
I consider to buy some Monero for the first time and took a look for a good wallet. I am wondering how secure MyMonero.com is? Is it like an exchange where all coin could be stolen without having the private key?

No, it's more like blockchain.info, the private key is only on the client side and never ever known to the website.

In addition:

Quote from: fluffypony on April 08, 2015, 12:40:34 PM

MyMonero only has your view key, not your spend key, so no way to touch your funds without your involvement:)

PS: MyMonero is run by core developer Fluffypony

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 989. (Read 4670673 times)