Topic: [XMR] Monero Speculation - page 1706. (Read 3313576 times)

The author of the paper, Shen Noether (pseudonym) is one of the researchers of Monero Research Lab


You and me buddy

Any 3rd party can see amounts on the block chain. This is to remove this visibility thus making the blockchain even more opaque.

Ever heard of the saying "follow the money"?

Large transactions of XMR are going to be a target at some point.

Being able to hide the amount makes it like someone walking around in the dark with no ability to feel, see, taste, hear, touch, smell without the magic key(s).

They dont know what is in the room, how much of it is there, what it feels like, what it tastes like, what it smells like, what it sounds like, or what it looks like unless you give them the:

Secret_key_goggles
View_key_sunglasses
Amount_key_magnifying_glass

That's the way I understood it.

Sender can see amounts and receiver can as well. But something about the sender allowing the receiver to see the amount is in there somewhere.

I really don't understand the reasoning behind the CT papers... why would you need to hide the amount of money each transaction is worth, if you're going to have to give the key to the merchant you're dealing with so he can see if he gets paid in full?  Doesn't it just add one more step to transactions for no reason?

Let me check if I understand. Currently, if I go to http://moneroblocks.eu/ I can see transactions amounts for in each block. So if this white paper is finished and changes implement, I wont be able to see the amounts anymore? Only with amount key it will be possible?

The author says its a work in progress. So not ready for prime time yet.

Edit: Also, I believe stuff like this has to pass a lot of scrutiny before it is implemented. This is not your regular lets-add-it-and-then-we-will-see-if-it-works snake oil stuff.

Don't forget stealth addresses for each output -> Hide the receiver.

So SA+RS+CT = Hidden Sender, Hidden Amount and Hidden Receiver.

Edit: Looks like its even more than that. As the author (ShenNoether) put it:


and

I tried to read that paper and it was above above my head. 
 
I had a vague grasp of the first couple of pages where he discusses running points on the Cryptonote elliptic curve through a new special function.... then he goes in summations of transactions and I got lost.  I understood the tl;dr as making Monero privacy better than ever by way of mixing transactions with hidden amounts, but the details are beyond my education. 
 
I'm also following a little of what you guys are saying about the 'amount' key.  Would this also allow people to show individual transactions vs. the history of an entire address?

Right the receiver would need to be able to see the amount sent to them.

In theory that is what I believe makes sense.

I'm on page 6 of CT for Monero and I'm lost... anyone care to explain what is going on in detail on page 6. It is a proof but damn it is super wordy and lots of symbols being thrown left and right. 

But realistically, if you wanted to make a purchase from someone, you would have to provide the retailer the view/amount key right? Or atleast the amount key so he knows he's getting paid in full for his product or service right?

The TL;DR is - CT will add a "Amount Key" for viewing amounts being sent in transactions.


So you would have a view key, spend key, amount key.

Who made the CT paper for monero? Was it smooth or someone else in relation to the core dev team? I haven't even bothered to try reading it because there's no chance I would be able to comprehend it... Is there a dumbed down version?

That CT monero paper is pretty intense. I got to page 5 and had to slow down. Lots of symbols, subscripts/super scripts, variables.

Even some of the terminology of "commitments" I had to look up in relation to cryptography.

Yes, no meta connections is better than possible meta connections. 

People are talking about CT being great for bitcoin privacy. Think about how much better it will be when combined with CryptoNote!

Is it doable? Should we raise fund to implement it?

Aww, poor Otoh.  I feel so bad for him.

If only he had some kind of warning CrapSea is a scam exchange focused on scamcoins like Dash...

Oh wait...




#R3KT

I cant wait for true decentralized blockchain based exchanges with liquidity.  The have been far too many hacks at various exchanges to trust them with a large amount.

i heard about Gox the main problem was they ran a custom back end wallet which was problematic
and eventually they started fudging the books toying with things then when guys got spooked
they didn't have the capital to pay out so many withdrawls and eventually Mark threw a story out about hackers
when in reality he had the coins and knew exactly what the problem was..
NOTE: He had his lawyer admit he found something like 200,000 Bitcoins or something on a USB drive he said he "found in his couch"
AFTER he claimed hackers stole the coins (back around when Gox closed)

cryptsy ?
i think they have had similar problems over the last few years.. i have seen many times that BTC withdrawls will
end up frozen on people when it rocketed up in price.. this got so notorious before i started predicting it..
i would pull my coins out then tell others and then say i told you so afterwards.
i have also seen other fishy account freezing going on before..
what happened only they know but many warning signs point to them not being as honest as they claim to be
I stopped using them and never went back when i was fed some bs excuses when my coins vanished before while i was arb'ing
as soon as some coin exploded in value.. bam ! transfer problems and when i asked i was told their was a fork
and i went to every other exchange and all the other users and not 1 person on the internet so much as hinted at a fork..
BitJohn lied to me i think on Cryptsy chat about it and only after i badgered him about it..
I was on chat for hours and every once in a while i would ask if anyone else was waiting for coins too.. (they were ignoring me on chat playing dumb)
Eventually i was threatened to shut up about it or i'd be booted (they wanted the problem to be quiet)
I am certain they were simply freezing access to peoples coins so they could take advantage of the pump on the coin
by doing their own arb'ing.. with MY coins !
I came here and complained about it and said hey Cryptsy.. that is OUR money not yours your holding
Don't you god damn ever forget that !
so.. i left and i never did trust them and i have seen them pull a lot of shady sketchy shit over the years.
Holding large amounts of coins on there is very dumb i figure.

Cryptsy's breath is shallow