Topic: [XMR] Monero Speculation - page 1602. (Read 3313576 times)

It's a fake out...  It happens.  If you like trading breakouts and momentum, you get whipsawed and stopped out almost everytime.  Currently XRP, NXT and now XMR all the same.

With 0.9, it is ready to be marketed now. GUI is finally useable with the new bitmonerod.
Website should be improved and perhaps talk about the color scheme is good at this point, before the official GUI is finished.
I think the main obstacles have been overcome (except multisig which is a big deal and is crucial to have it for some application).
Now it is just an incremental easy path of getting better and better with each mini-release

Marketing is the weakness of Monero currently.
There is no marketing taking place (I am not counting it as marketing to have trolls like me or someone else writing on btc talk forums).
By marketing I mean reaching out the people who are not even bitcoin holders but using conventional money.
To become successful Monero need to be absorbed by as many people as possible on planet earth and hopefully a few aliens also when we reach the moon. 

Pretty expected. Now that the release is out and just about everyone is aware of it, the immediate pump is over. Some short term traders are certainly going to bail out.

Longer term we will see how the improved maturity and functionality of the software (and of course looking forward to next steps) can attract more demand to absorb the supply. That's the only way we can maintain higher prices going forward.

What I see in XMR price is stability. The average for the time Crypto Kingdom has existed (Oct 2014-present) is 0.44 EUR, currently 0.46 EUR.

Could be a group of people. They bough before the 0.9 release, waited a bit till price increase after the release, and they are dumping now.

Someone dumped 15 btc, then 3BTC, then 5BTC. Quite a strange move

 
  
Don't worry, I drank too much Vanilla Latte earlier and solved this on a napkin.  
  
Basically, you need to stop thinking of it as a 'ring' multisignature, or else you would need multiple overlapping rings in a two-dimensional cryptospace.  That quickly causes infinite conflicts.  
  
What we will do is create a cryptographic 'sphere' signature scheme (vs ring), and then our multi-sig rings can freely rotate around in 3D cryptospace.  
  
 
  
At this point the collisions become desired multi-sig targets.  Basically what we will do is allow transactions to mix freely on a potentially infinite amount of rings, and if you wish to have a multisig on your address then the program will find (or force) a collision between rings.  It might seem impossible to force different rings to intersect if they don't naturally, but (and I don't mean to blow your mind) the different cryptographic rings are also rotating around the cryptocore simulataneously.  A collision might be impossible to find for a human, but for a powerful computing network it will be trivial (or at least possible).  
  
You might also say, "But what if Bob and Alice both want to do a multisig and need to move a shared-ring in opposing ways to have their transaction process?".  Well, this is where transaction fees come into play in the Monero economy.  Either Bob can bid more than Alice in the fee department, or get in line and wait for a fortunate collision that allows his multisig crypto transaction to process.  This video can help you visualize the mathemagic that will be involved: https://youtu.be/T2OnfBGkcyw  
  
Anyway, it's not like anyone is *forcing* him to use Cryptonote multisig.  He can just use a single key transaction and his transaction will happen much quicker.  
  
Bottom line: multisig is possible with Cryptonote but there will be potential speed tradeoffs.  Fortunately as the multisig multidimensional cryptospace grows the potential intersections of rotating cryptographic rings around the central sphere will increase and it will become easier and cheaper to execute multisig address actions.  
  
My napkin proved all this, and was going to serve as my white paper, but the fucking barista at Starbucks threw it away with my coffee and I don't really feel like writing it all down again.  
  
So the proof is left as a trivial exercise for the intrepid reader.  Now if you'll excuse me, I'm off to browse the clearance racks at Ross.

Great news!  Multisig is a requirement for use by Open/FreeBazaar, DNM, etc.



I look forward to struggling to comprehend the crypto magic involved in "ring multisignature."   

Great surprise! Awesome work!

thx smooth.

Section 4.4 can be found here -> https://www.overleaf.com/read/qzgytbyyxvyf

I think I can see from here that it's flat rings overlapping!

Answered there.

https://bitcointalksearch.org/topic/m.13429497

The Ring CT work and the GUI work are completely independent. Multisig is likely getting combined with Ring CT at this point.

Yup, I either forgot about that or missed it. Damn if I can remember. But is this a dependency or CAN/will it be addressed either in concert or after?

Edit: moving this to correct thread.

https://bitcointalksearch.org/topic/m.13429434

I am still dreaming we are going to the moon.
After landing on the surface of Moon with Monero rocket probably we can see if planet Earh is round or flat.

I can't believe I learned about the Monero 0.9 release from my facking Facebook feed of all places.  
  
I'm a little ashamed.    
  
But I'm so proud of our programmers and everyone else who has worked so hard to keep the community going to reach this milestone.  We are the true digital money of the world.  Bitcoin is an amazing large public settlement system, but it is not true digital money.  
  

That is a very encouraging post. Thank you Shen!