[XMR] Monero Speculation - page 2109.

bobabouey2

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Activity: 248

Merit: 250

Quote from: smooth on December 01, 2014, 02:27:28 PM

Quote from: onemorebtc on December 01, 2014, 02:19:09 PM

if the server is down, is there any way to get the keys working with simplewallet?

Yes it uses the same keys.

Is this a new development. I asked the question of Fluffypony and he said no a week ago:

Quote from: fluffypony on November 25, 2014, 03:39:10 PM

Quote from: bobabouey2 on November 25, 2014, 03:23:12 PM

Just did my first transaction on mymonero, worked great!

Quick question. I see under account details you can get address, view key and spend key. Would it be possible to also get the seed words used for the "restore deterministic wallet." That way, if there was ever a glitch with the website, you could quickly replicate the entire wallet to a local machine.

Right now there isn't interioerability between simplewallet and MyMonero. We will be providing that capability later on.

https://bitcointalksearch.org/topic/m.9654716

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: fonzie on December 01, 2014, 09:30:10 PM

WOW

0.0011

NOT BAD Cheesy

Is the btc speculation thread too slow at the moment for trolling? Grin

Cyber Monday sale!!

Current price is 0.0014 I bought some below that and sold it above.

But mostly I hodl for the long term.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

WOW

0.0011

NOT BAD Cheesy

othe

hero member

Activity: 532

Merit: 500

You can also take a look at Whonix, its a debian based VM, its 2 parts, 1 is a tor router and 1 is the actual vm preinstalled with most security tools you need.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: smooth on December 01, 2014, 12:32:51 PM

Quote from: statdude on December 01, 2014, 12:20:16 PM

As the victim of losing most of my crypto to Mintpal and now blockchain.info's horrible security over the past few months, I am now a security-minded first person, which is why I ask.

Used carefully from a very secure computer (and only from the computer) the web wallet should be safe. A very secure computer is not necessarily easy to set up and maintain though.

Thanks to Cryptome, Snowden, etc. we know Windows_NSAKEY is insecure by design. And that goes double for crApple.

So what handy USB distro should we recommend to access MyMonero, for those of us who can't verify/compile/install/configure/maintain a hardened single-purpose OpenBSD machine?

Tails, Kali, and Qubes appear to be the top 3 choices:

http://lifehacker.com/linux-security-distros-compared-tails-vs-kali-vs-qub-1658139404

wpalczynski

legendary

Activity: 1456

Merit: 1000

nice

Quote from: smooth on December 01, 2014, 02:27:28 PM

Quote from: onemorebtc on December 01, 2014, 02:19:09 PM

if the server is down, is there any way to get the keys working with simplewallet?

Yes it uses the same keys.

onemorebtc

sr. member

Activity: 266

Merit: 250

Quote from: smooth on December 01, 2014, 02:27:28 PM

Quote from: onemorebtc on December 01, 2014, 02:19:09 PM

if the server is down, is there any way to get the keys working with simplewallet?

Yes it uses the same keys.

thank you!

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: onemorebtc on December 01, 2014, 02:19:09 PM

if the server is down, is there any way to get the keys working with simplewallet?

Yes it uses the same keys.

onemorebtc

sr. member

Activity: 266

Merit: 250

if the server is down, is there any way to get the keys working with simplewallet?

it would also be nice if mymonero could work as a bitpay bridge...
e.g. i order a pizza and enter the bitpay invoice number to mymonery which tells me how much xmr i need to pay...

wpalczynski

legendary

Activity: 1456

Merit: 1000

That's a pretty clever solution. Is it explained on the mymonero site anywhere? It probably should be.

Quote from: smooth on December 01, 2014, 12:44:31 PM

Quote from: dewdeded on December 01, 2014, 12:33:30 PM

I think mymonero operates trustless, they cant steal, lose, get hacked or otherwise destroy your coins, because they don't hold the private keys. (like blockchain.info webwallets)

That is true. However, the javascript is served from the site and if the site is hacked it could be substituted with a trojan (this is true of blockchain.info as well). I should have mentioned this in my previous post on risk factors but I forgot.

statdude: the way it works is most of the cryptography is done in your own browser via javascript, not on the server. So your spend key (equivalent of private key for the purposes of spending) is never sent to the server normally.

smooth

legendary

Activity: 2968

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Quote from: dewdeded on December 01, 2014, 12:33:30 PM

I think mymonero operates trustless, they cant steal, lose, get hacked or otherwise destroy your coins, because they don't hold the private keys. (like blockchain.info webwallets)

That is true. However, the javascript is served from the site and if the site is hacked it could be substituted with a trojan (this is true of blockchain.info as well). I should have mentioned this in my previous post on risk factors but I forgot.

statdude: the way it works is most of the cryptography is done in your own browser via javascript, not on the server. So your spend key (equivalent of private key for the purposes of spending) is never sent to the server normally.

statdude

legendary

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That's interesting, how do they operate trustless? A little beyond my comprehension.

dewdeded

legendary

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Monero Evangelist

I think mymonero operates trustless, they cant steal, lose, get hacked or otherwise destroy your coins, because they don't hold the private keys. (like blockchain.info webwallets)

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: statdude on December 01, 2014, 12:20:16 PM

As the victim of losing most of my crypto to Mintpal and now blockchain.info's horrible security over the past few months, I am now a security-minded first person, which is why I ask.

It has advantages and disadvantages compared to an exchange.

On the plus side, the server does not normally have access to your spend key so your coins can't be stolen if the exchange is hacked (or claims to have been hacked). On the negative side, you are typing (or pasting) in your seed words every time you log in, and those provide full access to your coins so any kind of malware on your computer could intercept that. Also, legitimate exchanges normally keep most of their coins in cold storage so even in the event of a hack, only a portion would be lost. (Poloniex was hacked, lost some coins, but was able to recover and eventually paid everyone back.)

Used carefully from a very secure computer (and only from the computer) the web wallet should be safe. A very secure computer is not necessarily easy to set up and maintain though.

statdude

legendary

Activity: 1498

Merit: 1000

You've gotta think we're at the bottom, otherwise Monero has less market cap / buy support even "fully mined" than DRK, Stellar, Maid, etc.

Many of these coins have hardly any trading at all. I guess the fact that Monero being created does drive the price down more regularly - as miners with free electricity have more incentive to sell than "premine" holders of other coins - but, by the same token, upside should be as easy to achieve as any coin, when the market is bullish.

I'm amazed the Web Wallet hasn't had more impact yet. Maybe the word hasn't really gotten out?

I saw DirectBet offering to add XMR soon - would be much more convenient to use with the Web Wallet. BTW, can anyone link me to where security with MyMonero is discussed? How secure is it compared to other methods of storage (on exchange, etc)?

As the victim of losing most of my crypto to Mintpal and now blockchain.info's horrible security over the past few months, I am now a security-minded first person, which is why I ask.

Dotto

legendary

Activity: 981

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No maps for these territories

Quote from: farfiman on December 01, 2014, 12:01:14 PM

Quote from: Dotto on December 01, 2014, 09:59:07 AM

We are on 18# in coinmarketcap. Cheers.

Still 8th when you take out all the nonminable-premined shit.
same place as has been for a very long time.

So 10 nonminable-premined shit have more marketcap than XMR, fantastic.

Pls note Im not blaming nobody. I just wanted to express some frustration... I guess it´s hoarding time, again.

To certain cabal calculations, BTC should be at least in 2-10k range and XMR around 120USD.

Reality is recognized in its improbability

farfiman

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Activity: 1449

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Quote from: Dotto on December 01, 2014, 09:59:07 AM

We are on 18# in coinmarketcap. Cheers.

Still 8th when you take out all the nonminable-premined shit.
same place as has been for a very long time.

rdnkjdi

legendary

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I was kinda wondering if that buy support was fake. It either was or he decided he could get it cheaper.

Wonder if we'll tumble down into the single digits?

Dotto

legendary

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No maps for these territories

We are on 18# in coinmarketcap. Cheers.

saddambitcoin

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Quote from: UnicornFarts on November 27, 2014, 01:17:53 PM

This is an amazing progress.

Any idea how hard it would be to implement multi sig that worked a little like 2fa?

So I registered the account from two devices & needed both keys/derived keys from words to withdraw?

For everyday use I could use both devices. Keep two paper backups? I once had my computer mega compromised and as much as exchanges scare me - a single controlling addresses scared me more (as I'm too lazy to secure it properly atm & it's my silent protest that crypto should be as easily securable as spent. I don't go to more trouble than the avg consumer to try and keep in touch with how consumer friendly it actually is.)

I would donate $100 (which is a lot for me) towards a bounty to incorporate multisiglike 2fa into online or local wallet. As far as I know no crypto has a real good solution to this so it would be great if xmr was the first

I read somewhere that the devs are already working on a multisig implementation for Monero. The multisig addresses will be indistinguishable from normal XMR addresses so you won't even be able to notice the difference. Either smooth or david latapie said this, iirc. Not sure how far out this is in the pipeline.

Topic: [XMR] Monero Speculation - page 2109. (Read 3314316 times)