We're at $2.46 ... can we please not talk about $1000?
The most likely scenario is that XMR will fail.
How?
It looks to me like there will be a replacement as the development progress has slowed to a crawl.
This is kind of an insult to everyone working on Monero currently. I'd argue that with the RingCT development, 0MQ development, GUI development, the conventional adding of features, and fixing bugs, the development is way more active than last summer.
And I'm still waiting on the log files for the dev discussion of the reasoning and vetting of Zmtp. Not to mention fluffy offhandedly syted that zmpt would be replacing json on remote calls and i've not seen that discussed anywhere, Has this just become the cult of fluffy and what he says goes? 0mq and gui are crowdfunded right? What is dev fund going to? I've never had anything but praise for NobleSir and ringCT is a great boon. And I don't think Noblesir gets funds from the dev fund does he? But a global remark can have exceptions so don't focus on one and try to disprove by that outlier.
Popularity
Curve25519 was first released by Daniel J. Bernstein in 2005,[7] but interest increased considerably after 2013 when it was discovered that the NSA had implemented a backdoor into Dual EC DRBG. While not directly related,[8] suspicious aspects of the NIST's P curve constants[9] led to concerns[10] that the NSA had chosen values that gave them an advantage in factoring[11] public keys.[12]
I no longer trust the constants. I believe the NSA has manipulated them through their relationships with industry
— Bruce Schneier, The NSA Is Breaking Most Encryption on the Internet (2013)
Since then, Curve25519 has become the de facto alternative to P-256, and is used in a wide variety of applications.[13] In 2014 OpenSSH[14] defaults to Curve25519-based ECDH.
https://en.wikipedia.org/wiki/Curve25519I agree that Wikipedia article isn't as clear as it could be - in that the context of the Bruce Schneier quote isn't particularly clear to readers not familliar with the history of the curves being discussed here. But I assure you that Bruce was
not talking about Curve25519 there.
The reason for the inclusion of that particular quote in the article is to explain why Curve25519 has become popular in recent years: there are concerns about the choice of constants in
other curves, which has resulted in many more people using Curve25519 precisely because there are no such concerns with Curve25519.
Curve25519 is generally considered to be safe. That said, there are those who worry (Bruce Schneier included) that the NSA may have made advances in the cryptanalysis of ECC in general - but if that's the case then any attacks might affect
all curves - or at least, we have no way of knowing which curves are vulnerable. If that
were to be the case, it would be a concern for pretty much all cyrptocurrencies, though - potentially necessitating a move to larger keys (depending on how bad the attack is).
Actually, using a different curve to the one used by Bitcoin and most other coins is a
good thing because it gives the market an opportunity to hedge the risk by holding coins that use different curves. If an attack on ECC is found (by the NSA or someone else) it's quite possible (although by no means a given) that the attack might work better against some curves than others - although there's no real way to know which curves are safer in advance of the attack being found.
Concern for that common seed attack is the reason eds adds entropy correct?
Is now a good time to buy XMR or do you guys think it will come down some and offer a better entry.
I suggest you seek professional financial advice from someone licensed to do such a thing.
With all the experience on this thread I thought that's what I was doing.
Picked up a few k though. Hope it pays off.
Experienced != Legally Licensed to give financial advice.
Nor non-agenda!
Can you stop wasting everyone's time ?
Pretty much every post you make is you crying wolf over something you found by keyword matching, and expecting people to reply to your huge sense of entitlement. That's why people ignore you.
Aren't you the one who said who had the skills to help out, but wouldn't do it because we didn't have a map of the code or something ?
Nope, I said I used to have those skills and they have deteriorated and I can no longer function in that area. I really wish I could. If your lucky you'll never have to deal with loss of skills. Anyway nothing is perfect and XMR is the best ALT (actually better than BTC in my mind still) but I do see flaws specifically in the development not being transparent enough.
How are we as a community supposed to monitor the security of the project from the outside without the simple things I've asked for? You guys try to lynch me when I ask FOR FUCKING LOGS!!!!!!!!!!!!!!!
If they don't exist say so. I'd rather see shoddy development then have my questions skirted. Scammers don't answer questions. I never thought I'd see that attitude here.