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Topic: [XMR] Monero Speculation - page 2117. (Read 3313076 times)

legendary
Activity: 2968
Merit: 1198
November 18, 2014, 02:40:12 PM
Another worry for DC Nodes. http://thehackernews.com/search/label/hacking%20news Basically anything(well most methods) that can attack tor can attack any node system.

Do you mean a Monero node that broadcasts a transaction can be easily unmasked? Sounds bad.  Huh

It reveals very little useful information other than that the the IP transmitting it is a Monero user. Neither inputs nor outputs of such a transaction can be identified in a useful way. The opaqueness of the blockchain and the flow of coins between users does not depend on hiding network traffic nor on nodes.

This puts Monero in a relatively good position given that enforcing privacy at the network level looks increasingly difficult to potentially impossible (outside of somewhat low tech measures such as wardriving).

Of course we have said we plan to integrate i2p and that will help somewhat (the goal being to not disclose that a particular IP is using Monero at all), but even if i2p is completely compromised the content of your transactions can still not be uncovered, only the fact that you are making them.
hero member
Activity: 966
Merit: 1003
November 18, 2014, 02:19:10 PM
Another worry for DC Nodes. http://thehackernews.com/search/label/hacking%20news Basically anything(well most methods) that can attack tor can attack any node system.

Do you mean a Monero node that broadcasts a transaction can be easily unmasked? Sounds bad.  Huh
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
November 18, 2014, 02:09:55 PM
I think dark market arrests are good for Monero.  Ideally, I would like to see someone arrested on the basis of unwinding DRK xns.  Any volunteers?

I'm sure the NSA already can.

With Amazon cooperation, that is indeed trivial to do.

Amazon doesn't run nearly enough masternodes.

Add other US based VPS services then. The anonymity relies on you saying "it's still not enough", it's a hell of a weak one.

You are correct. Darkcoin needs to educate its masternode owners about the importance of using independent service providers. I also heard that consumer connections are getting faster, so running one at home isn't out of a question. Right now, in the beginning, people are just using options that are most convenient to them. If the price (and therefor the reward of running one) gets high enough, I'll be running mine on my own datacenter. Cheesy

Another worry for DC Nodes. http://thehackernews.com/search/label/hacking%20news Basically anything(well most methods) that can attack tor can attack any node system.
hero member
Activity: 966
Merit: 1003
November 18, 2014, 01:57:49 PM
I think dark market arrests are good for Monero.  Ideally, I would like to see someone arrested on the basis of unwinding DRK xns.  Any volunteers?

I'm sure the NSA already can.

With Amazon cooperation, that is indeed trivial to do.

Amazon doesn't run nearly enough masternodes.

Add other US based VPS services then. The anonymity relies on you saying "it's still not enough", it's a hell of a weak one.

You are correct. Darkcoin needs to educate its masternode owners about the importance of using independent service providers. I also heard that consumer connections are getting faster, so running one at home isn't out of a question. Right now, in the beginning, people are just using options that are most convenient to them. If the price (and therefor the reward of running one) gets high enough, I'll be running mine on my own datacenter. Cheesy
legendary
Activity: 2968
Merit: 1198
November 18, 2014, 01:32:52 PM
Quote

can somone explain how fast this kind of supercomputer could rip us into pieces? based on my understanding, besides the checkpoints, most of the top 500 supercomputer could attack monero sucessfully, am i right?
i have seen a comment once about this but its months ago.

It could, but perhaps surprisingly, not so easily. XMR miners are about 3 hash/watt. The 10 megawatt supercomputer could do about 30 MH, and the net hash on XMR has been in the 10-20 MH range. These are all very rough numbers, of course, and depend on the exact hardware, whether performance is being optimized for raw speed vs. power efficiency, etc.

So this supercomputer, acting as an attacker with the rest of the net being honest, would have about 2/3-3/4 of the hash rate, clearly enough to pull off various forms of attacks.

In the recent past (at higher prices) we had a net hash that was more in the range of 20-25 MH, which gets fairly close to the point where even this supercomputer (which isn't even built yet) wouldn't even have >50%.

We need to grow a bit before we are secure against these forms of attacks, but a lot less than I expected before I did an actual estimate.

donator
Activity: 1722
Merit: 1036
November 18, 2014, 12:43:28 PM
Yeah, the "point of maximum pain" is already reached, and many have (not) taken it and sold. The others are seeing their old coins as a sunken cost and making new plans for new acquisitions at levels they previously could not imagine.

Like I did not think in June that the 0.0015 wall would ever be needed to rise, much less that it would fill.

I'm sorry ... I disagree.

I know you've been optimistic all the way down from .004 but I just think the emission, anon coin bear market, the large botnets who run the majority of the mining ... it could prop up for a month or two for current investors getting more.  But then continue downward to .001 or less.

I think what we're seeing is one whale buying other whales sell orders.  The miners will continue to overcome those small fry people who are accumulating with the emission curve for a few more months (IMO).  If / when they run out of ammo before getting more people on board I think we could see a massive dump down into the 0007 - 0009 range.

Maybe I'm dreaming ... but if that happens I'll be picking more up.  For now my real world fiat needs are getting taken care of.

Ah, actually we agree. I referred "the point of maximum pain" as emotionally, not that the lowest price had been reached. What I mean is that (imo) hardly anyone is emotionally attached to the uptrend anymore, and could not (and would not) feel any worse if it goes to 0.001, even though the (as big) slides from 0.0045->0.003, 0.003->0.002 or 0.00225->0.0015 felt very nasty. Now if it indeed drops to 0.00075, I don't believe people will feel like jumping the bridge, which they definitely would have felt at 0.004 if presented with 0.002 (and when it did happen).

When price is not going our way, we stick to the fundamentals. Everyone would like GUI, DB, and emission to be fixed, but while they aren't, there is still no viable alternative in the privacy coin segment. If there was, then Monero would have a hard time. Now that the price is having a hard time is just something we have to take as a fact, and act accordingly, buy, sell or hold.

Unlike in previous times, there is now great money to be made in Monero. Percentage moves are large and volume is there. Situation is good for those who have any assets outside their XMR bag currently.



legendary
Activity: 1256
Merit: 1009
November 18, 2014, 11:27:00 AM
Yeah, the "point of maximum pain" is already reached, and many have (not) taken it and sold. The others are seeing their old coins as a sunken cost and making new plans for new acquisitions at levels they previously could not imagine.

Like I did not think in June that the 0.0015 wall would ever be needed to rise, much less that it would fill.

I'm sorry ... I disagree.

I know you've been optimistic all the way down from .004 but I just think the emission, anon coin bear market, the large botnets who run the majority of the mining ... it could prop up for a month or two for current investors getting more.  But then continue downward to .001 or less.

I think what we're seeing is one whale buying other whales sell orders.  The miners will continue to overcome those small fry people who are accumulating with the emission curve for a few more months (IMO).  If / when they run out of ammo before getting more people on board I think we could see a massive dump down into the 0007 - 0009 range.

Maybe I'm dreaming ... but if that happens I'll be picking more up.  For now my real world fiat needs are getting taken care of.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
November 18, 2014, 11:00:15 AM
I think dark market arrests are good for Monero.  Ideally, I would like to see someone arrested on the basis of unwinding DRK xns.  Any volunteers?

I'm sure the NSA already can.

With Amazon cooperation, that is indeed trivial to do.

Amazon doesn't run nearly enough masternodes.

Add other US based VPS services then. The anonymity relies on you saying "it's still not enough", it's a hell of a weak one.


http://www.computerworld.com/article/2847865/us-sets-sights-on-300-petaflop-supercomputer.html
legendary
Activity: 1512
Merit: 1012
Still wild and free
November 18, 2014, 10:54:09 AM
I think dark market arrests are good for Monero.  Ideally, I would like to see someone arrested on the basis of unwinding DRK xns.  Any volunteers?

I'm sure the NSA already can.

With Amazon cooperation, that is indeed trivial to do.

Amazon doesn't run nearly enough masternodes.

Add other US based VPS services then. The anonymity relies on you saying "it's still not enough", it's a hell of a weak one.
hero member
Activity: 966
Merit: 1003
November 18, 2014, 10:52:43 AM
I think dark market arrests are good for Monero.  Ideally, I would like to see someone arrested on the basis of unwinding DRK xns.  Any volunteers?

I'm sure the NSA already can.

With Amazon cooperation, that is indeed trivial to do.

Amazon doesn't run nearly enough masternodes.
legendary
Activity: 1512
Merit: 1012
Still wild and free
November 18, 2014, 10:43:35 AM
I think dark market arrests are good for Monero.  Ideally, I would like to see someone arrested on the basis of unwinding DRK xns.  Any volunteers?

I'm sure the NSA already can.

With Amazon cooperation, that is indeed trivial to do.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
November 18, 2014, 10:40:57 AM
I think dark market arrests are good for Monero.  Ideally, I would like to see someone arrested on the basis of unwinding DRK xns.  Any volunteers?

I'm sure the NSA already can.
donator
Activity: 1722
Merit: 1036
November 18, 2014, 10:36:13 AM
Yeah, the "point of maximum pain" is already reached, and many have (not) taken it and sold. The others are seeing their old coins as a sunken cost and making new plans for new acquisitions at levels they previously could not imagine.

Like I did not think in June that the 0.0015 wall would ever be needed to rise, much less that it would fill.
legendary
Activity: 1092
Merit: 1000
November 18, 2014, 05:33:48 AM
there are plenty of bleep coins with beautiful wallets and their marketcaps are below 1 million usd.

A low market cap does not make a coin desirable. The contrary, actually. If any of the other CN coins would take over XMR marketcap, then it would be really bad.

I can't see it happening though since their community is smaller, and all the devs are in XMR. Just stated the fact.

Taking over DRK would indeed be a good thing.

Regardless of what is decided concerning the emission, I am staying with XMR. The fundamentals are still on its side, since there are no serious contenders in the true privacy niche.

The price is so cheap that buying more starts to be a real option Smiley Investing 1% more of my wealth to XMR at these prices is quite many coins  Grin

I am beginning to doubt that argument.
What if Monero's marketcap finds its bottom at - let's say - 800 000 USD, stabilizes there and after the wallets are released start a bull market.
The wallets currently will not give any positive push to the prices since it is already baked into the price (still).
A coin has to find the bottom first and then it is ready to start rising. Why should we keep it artificially too high? Only the botnetminers benefit from the inflated price. Botnets are dumping even if monero costs 0.0001-0.0005 btc and there is probably better time to start accumulating from the newly mined coins. Accumuluting at that level is almost free of charge and I am looking forward to it, patiently accumulating cheap coins that will push my average buying price through the floor.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
November 18, 2014, 12:30:50 AM
I think dark market arrests are good for Monero.  Ideally, I would like to see someone arrested on the basis of unwinding DRK xns.  Any volunteers?
hero member
Activity: 700
Merit: 500
November 17, 2014, 11:14:28 PM
Hope the price will stay under 0.0016 for a while, need a little more time to acquire.

Edit: Bought 3 BTC that will be fully spent on cheap XMR Smiley
legendary
Activity: 2968
Merit: 1198
November 17, 2014, 07:28:46 PM
reward is decreasing daily. it is going under 13 XMR soon.  daily emission is now 18.500 coins, by current price that is 27.7 BTC.

Daily emission at 13 XMR is 18720 so it is higher than that now. 18500 is incorrect.


I am not sure why then Monero Charts says that:
16th November at 0:06 was 4,644.515 coins and
17th November at 0:14 was 4,663.028 coins.

so 2 days ago was generated around 18.513 coins

There is always some random variation, but the average is 1440 blocks per day.
legendary
Activity: 2730
Merit: 1288
November 17, 2014, 07:26:48 PM
reward is decreasing daily. it is going under 13 XMR soon.  daily emission is now 18.500 coins, by current price that is 27.7 BTC.

Daily emission at 13 XMR is 18720 so it is higher than that now. 18500 is incorrect.


I am not sure why then Monero Charts says that:
16th November at 0:06 was 4,644.515 coins and
17th November at 0:14 was 4,663.028 coins.

so 2 days ago was generated around 18.513 coins
legendary
Activity: 1624
Merit: 1008
November 17, 2014, 06:43:09 PM
When can we expect new GUI wallet?

It's been said not before Christmas.  How much after Christmas??
donator
Activity: 1722
Merit: 1036
November 17, 2014, 06:41:27 PM
there are plenty of bleep coins with beautiful wallets and their marketcaps are below 1 million usd.

A low market cap does not make a coin desirable. The contrary, actually. If any of the other CN coins would take over XMR marketcap, then it would be really bad.

I can't see it happening though since their community is smaller, and all the devs are in XMR. Just stated the fact.

Taking over DRK would indeed be a good thing.

Regardless of what is decided concerning the emission, I am staying with XMR. The fundamentals are still on its side, since there are no serious contenders in the true privacy niche.

The price is so cheap that buying more starts to be a real option Smiley Investing 1% more of my wealth to XMR at these prices is quite many coins  Grin
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