Topic: [XMR] Monero Speculation - page 1587. (Read 3313576 times)

Sorry that won't solve the problem, which as smooth pointed out in my vaporcoin thread recently is the generlized ability to move profit to externalities (where I was already mentioning shorting as an attack on PoS coins).

Checkmate.

Rewrite Monero, is not necessary at all but some documentation on how the Cryptonote adaptive blocksize limits actually work is needed, especially given the formula in section 6.2.3 of the Cryptonote Whitepaper is wrong. https://cryptonote.org/whitepaper.pdf. My response will come in time.

Typical overreaching of bagholders as the ship sinks.

Delusional nonsense that is ignorant of the technological realities of anonymity.

Also it is bordering on insanity in terms of understanding of marketing and market needs for anonymity, even if your technology wasn't mostly inadequate to the point of being nearly entirely useless.

As you all may know, I now consider this to be useless development. So please do continue!

https://bitcointalksearch.org/topic/m.13514814
https://bitcointalksearch.org/topic/m.13575205

ArticMine PMed me after I wrote that flaming post, and said he would reply after studying my posts. He has not yet replied. Does that mean I am correct and there is no solution for Monero. I think so.

It is fundamental. Afaics, you'd have to completely rewrite Moaneuro.

It was not signed. The burden of proof is first to prove it's legit, not the opposite.
Satoshi knows perfectly that if it's not signed, it's no better than goat shit. He would have never bother to send something unsigned.

I am not sure if I agree with this logic. Monero may be the best candidate to fill this market at this very moment but I hardly think that "something drastically better" needs to be "invented very soon" to avoid making Monero domination the "most likely outcome".

I don't think the very soon requirement is necessarily required (we are probably many years away from that much wealth being moved to the blockchain)

I am also not sure if "drastically better" is a requirement to surpass Monero either. Better marketing could be enough for an inferior technology to become the market leader if it is deemed "good enough" and gains critical mass before Monero.

I am optimistic about Monero but I try to temper that optimism.

Reddit cross post since perhaps not all of you visit there: 
 

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It doesn't.

Fungibility attacks through regulation are pretty easy. Let me give you some examples:

*Forcing mining farms and mining pools to filter certain transactions. If you don't comply,you are in violation of AML laws.
*Force exchanges and payment processors to hand over their customer data. integrate that with blockchain analysis, crate a blacklist
*Enforce this blacklist through regulated payment processors and exchanges. Incoming blacklisted money need to be send immediately to the government wallet (civil asset forfeiture). You may have the chance to claim some of it back if you can prove that you received the BTC in a legitimate way.
*Automatically blacklist coins if you do a multi-input/multi-output transaction. only transactions allowed are "1 in, 2 out" (a spending transaction) and "multiple in, 1 out" (a grouping transaction). Businesses can get a license to be allowed to do other kinds of as well.
*If you have blacklisted coins, no worries. You can get them whitelisted if you pass them through some "government whitelisting agency" where you need to provide ID, proof of residence and of course a proof you got the funds in a legitimate way. (and maybe pay a fee for this service)
*If you want to avoid all this blacklisting/whitelisting hassle, just use a wallet provided by your favorite payment processor that already contains your identity information and your address. it's very convenient and you don't need to bother with the different kind of allowed transactions. your wallet just complies automatically

When government can regulate something, they eventually will.

Was that Satoshi email in 2015 ever proven a hoax?

Even though I really like some features Monero has that Bitcoin simply can't have on a protocol level, you can't trust Mike Hearn is sincere anymore. He likely has a hidden agenda, why would you backstab Bitcoin like this? Bitcoin needs to proof it is anti-fragile (and it does!) and that it can deal with any kind of attack, political as well.

https://www.reddit.com/r/btc/comments/4171u6/mike_hearn_did_you_knowingly_write_your_leaving/

imho slowly but surely fundamentals are getting stronger for monero's future importance...i couldn't have said it any better myself in regards to bitcoin centralization. if only he was interested in privacy part he would've definitely taken a look at monero as alternative to bitcoin.

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.hpiy3zuut

you can ignore the obituary part and read the cream of the post.

++Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people. Worse still, the network is on the brink of technical collapse. The mechanisms that should have prevented this outcome have broken down, and as a result there’s no longer much reason to think Bitcoin can actually be better than the existing financial system.++

I'm excited to see what will happen if we break 0.00125 on decent volume. Should be a real possibility in the coming days. I guess it will be an easy ride till 0.00145 where we run into some new resistance. Hopefully we've gathered some momentum by then, attracting more speculators into the long-boat .

Weekly MACD has now flipped positive, so seemingly good days ahead for the monero bulls!

I was trying to be funny, Bitmonerod 0.9.1.0 runs great on my humble specs VPS. I am amazed with the low RAM usage (the whole VPS uses only 40 MB at the moment being a full non-mining node).

But thanks for the link. I will try it when my PI arrived, in addition to the link saddambitcoin gave (because the LMDB database is absolutely a great improvement):

Bitebits, you may want to give this version a try in addition to the guide that was posted. This is from the LMDB guy, so you can use LMDB on a RPi, which should make it sync much faster.

https://www.reddit.com/r/Monero/comments/414qpq/monero_on_32_bit_debian_jessie/

The invest page has not been loading for many users, myself included. Also, the site has been somewhat slow in general. From what I've heard, these issues have been fixed and are being tested currently, should be deployed soon.

It seems like Shen is going full steam ahead! Some updates regarding Ring Confidential Transactions for Monero:


https://forum.getmonero.org/8/funding-required/2450/ring-ct-c-crypto

Primer, you make it sound like a battle.

DASH : 0.011
XMR : 0.0011

Its over...

[1] It should be working on your VPS, even with such a low amount of RAM. Bear in mind that LMDB only takes what it can get during syncing and after it completes it only takes around 50-100 MB of RAM. Perhaps your VPS host is killing your process due to high CPU load?

[2] You can try this guide for Raspberry Pi 2 -> https://forum.getmonero.org/5/support/360/bitmonerod-node-on-rpi2-working

[3] I'll let someone with more knowledge elaborate on ARM.

What is the issue / problem?