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Topic: [XMR] Monero Speculation - page 2110. (Read 3313076 times)

hero member
Activity: 504
Merit: 500
Moderator
December 01, 2014, 09:30:10 PM
WOW

0.0011

NOT BAD  Cheesy
hero member
Activity: 532
Merit: 500
December 01, 2014, 03:41:04 PM
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.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
December 01, 2014, 03:32:42 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
legendary
Activity: 1456
Merit: 1000
December 01, 2014, 02:39:34 PM
nice

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

Yes it uses the same keys.
sr. member
Activity: 266
Merit: 250
December 01, 2014, 02:29:57 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!
legendary
Activity: 2968
Merit: 1198
December 01, 2014, 02:27:28 PM
if the server is down, is there any way to get the keys working with simplewallet?

Yes it uses the same keys.
sr. member
Activity: 266
Merit: 250
December 01, 2014, 02:19:09 PM
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...
legendary
Activity: 1456
Merit: 1000
December 01, 2014, 02:17:47 PM
That's a pretty clever solution.  Is it explained on the mymonero site anywhere?  It probably should be.

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.
legendary
Activity: 2968
Merit: 1198
December 01, 2014, 12:44:31 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.
legendary
Activity: 1498
Merit: 1000
December 01, 2014, 12:42:38 PM
That's interesting, how do they operate trustless? A little beyond my comprehension.
legendary
Activity: 1232
Merit: 1011
Monero Evangelist
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)
legendary
Activity: 2968
Merit: 1198
December 01, 2014, 12:32:51 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.
legendary
Activity: 1498
Merit: 1000
December 01, 2014, 12:20:16 PM
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.

legendary
Activity: 981
Merit: 1005
No maps for these territories
December 01, 2014, 12:15:32 PM
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
legendary
Activity: 1449
Merit: 1001
December 01, 2014, 12:01:14 PM
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.
legendary
Activity: 1256
Merit: 1009
December 01, 2014, 11:31:29 AM
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?
legendary
Activity: 981
Merit: 1005
No maps for these territories
December 01, 2014, 09:59:07 AM
We are on 18# in coinmarketcap. Cheers.
legendary
Activity: 1610
Merit: 1004
November 27, 2014, 09:04:51 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.
full member
Activity: 154
Merit: 100
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
donator
Activity: 1722
Merit: 1036
November 27, 2014, 11:39:42 AM
Would be nice if fluffypony could post the number of wallets created at my monero (if this is possible). Although number of wallets =! number of users, it would give a nice insight in adoption.

Such information will not be released at this point of development, as is obvious for a commercial service.
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