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1641  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: September 03, 2015, 03:49:30 AM
xmr has a serious monster under the hood. Cryptonote sorta dropped out of the sky as far as XMR is concerned, but these upgrades and reworks using what is as far as I can tell is the absolute cutting edge in technology that would be applicable to crypto-currency.... . I've been migrating to 'the gui can wait' camp slowly for a bit now, but with 0mq dropping and this lmdb hot fire, i really think the dev-camp is right on target. Sorry for the pure hype! But I feel it is deserved.

1642  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: September 03, 2015, 03:39:51 AM
What is this 0MQ? I haven't really been following crypto for quite a few months now.
1643  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: August 29, 2015, 05:25:31 AM
Sorry guys, I have my tinfoil hat firmly on for Bitcoin XT and that's why I don't comment on it much:  
  
Create what you fear the most.  
  
What could be more damaging to Bitcoin than a hostile fork that goes against the wishes of the community?  
  
Why not create it early, and have it fail spectacularly?  This sets a very powerful precedent: hostile alt-forks that go against the will of the major players are doomed to fail.  
  
My two pegacents.

I think its entirely reasonable to put on that hat. After all satoshi left because gavin began rubbing elbows with an alphabet and gavin is leading the charge on this. If gavin is well intentioned, than its unfortunate that he does not understand that there is something so much bigger at stake here than the block size. I find it hard to belive that he cant see that so that's another reason why im inclined to entertain if not outright support your metallic hat.
1644  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: August 29, 2015, 05:15:54 AM
dunno if this has been posted before - gmaxwell discussing his privacy approach:

https://www.youtube.com/watch?v=9pyVvq-vrrM&feature=youtu.be&t=35m5s



sorry for offtopic but does anyone know gmaxwells position on the fork? which fork will he be taking?

I have not seen him state a position explicitly but I'm almost certain he would not support XT


That's my thinking. I really hope xt fails. They tried to get consensus and they failed, due to resistance from some really smart people (adam back ie). Now they are trying to coupe de ta? They are beginning to appear fanatical.
1645  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: August 29, 2015, 05:10:32 AM
dunno if this has been posted before - gmaxwell discussing his privacy approach:

https://www.youtube.com/watch?v=9pyVvq-vrrM&feature=youtu.be&t=35m5s



sorry for offtopic but does anyone know gmaxwells position on the fork? which tine(?) will he be taking?
1646  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: August 29, 2015, 04:58:17 AM
Am I correct in assuming that the reason the trezor is so derpy these days when it used to be fast as lighting is the result of patching some power analysis attack vectors?
1647  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 03, 2015, 03:34:18 AM
A bit of a break out after a long flat consolidation period looks pretty bullish to me.
1648  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 23, 2015, 04:05:57 AM
The first tendrils of a Monero based economy need to start now.  We need to have ideas for Monero only goods and services, and start offering things only for Monero.    

I acquired my original bitcoin position (ages ago) by selling silver (i miss bitmit). I would be happy to do the same thing for monero if there is any interest.
1649  Economy / Speculation / Re: I AM HODLING on: July 12, 2015, 04:20:09 PM


1650  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: July 10, 2015, 09:42:57 PM
About brain wallets are not so secure after all, and its all your fault:
http://www.wired.com/2015/07/brainflayer-password-cracker-steals-bitcoins-brain/

Fortunately, the implementation of electrum style seeds in monero wallets gives us (kinda) the same ease of use and much stronger security.

Brain wallets are fine. All you have to do is make it a combination of randomly generated string that's short enough to be memorized, a more traditional pass-phrase (your mothers maiden name + your fathers birthday + your favorite candy, or how ever normal people make passwords), and then something public domain tacked on the end to add some entropy almost for free. Ezpz and no "brainflayer" is going to ever crack that.
1651  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: July 10, 2015, 05:06:56 AM
Quote
but I think most users would appreciate a GUI endorsed by the dev team

It would really really help our cause if the dev team would "officialize" one of the third party gui clients, even if just temporarily until the dev team produces its own gui client, and put it on the front page in the "Where can I download Monero" section. Just label one command line interface and the other gui. Please devs.
1652  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 07, 2015, 03:05:56 PM
I don't hate LTC, I know stating how useless it is makes me sound like I'm a hater or jelly but I don't care, it was useless compared to BTC at 0.007 and still useless at 0.02. Most cryptonote coins beats LTC any day in my book.

I don't think that it has to do with hate, or direct/indirect usability compare of any alt to the other(s). I think it's about maturity. LTC has had its time for quite a long time now. It has fast transactions (compared to BTC), high volume, relatively easier to buy and distribute vs the XMR. OTOH, XMR is superior tech-wise, but that doesn't render LTC useless. Plus the fact that every single exchange out there supports it! So there you have it. Maturity is something we have to wait to happen with XMR. After that happens, it will reach its righteous place.

Kazuki49 sounds like a jelly hater with an inferiority complex when he, in contradiction to the market and my 'best hedge' analysis, emphasizes LTC's supposed uselessness, while ignoring the reality that XMR/CN have (at present) even less utility.

You can't usefully compare a one year old baby with a four year old.  The former just cries and poops, while the latter can walk, talk, and use the Amazon Fire stick to stream Simpsons and Gravity Falls (cartoons that old Uncle iCEBREAKER also enjoys).

I've actually bought stuff with LTC.  I've yet to do the same with XMR.  That's partly because of remorse from selling too early/cheap, but still...   Cheesy

xmr.to works well to buy things from anyone that takes btc

Sure, if I wanted to part with any of my precious XMR.  But I don't.    Cool

If you don't spend it, what use is it? It doesn't matter if it's anonymous. It doesn't matter if it becomes more valuable. All it does is takes up space on your hard drive if you don't use it..

It's supposed to be a currency. Use it as a currency or it will die.

All you have to do in order to prevent it from dying is bid on it. If a sufficient number of people bid a sufficient amount for it at a reasonable price than it will stay alive indefinitely.
1653  Other / Off-topic / Re: TV Series Recommendations... on: July 05, 2015, 05:53:18 AM
If yoy guys haven't checked out Mr. Robot, definitely check that out. So far id give it 9/10

Thanks. I'll check it out. Though I'm wary when the corporate media attempts portray anarchists. Would be very interesting if they treated us fairly for once.
1654  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: July 03, 2015, 03:47:46 AM
well that's a novel "attack vector"
1655  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: July 02, 2015, 03:55:24 AM
I don't find it that exciting. Anyway because of the part I bolded, it's doomed to fail. It relies on being closed source to work? It's like having security by obscurity only. It will work until it won't work because a kid disassemble it and tweak something to get a version that doesn't erase the private keys after handing them to another person. This will happen *very* fast.

Yes of course. Its not as if I haven't thought through all of this myself already. But there are reasons why I said what i said after the bolded part.

The most important thing to understand is that "can it be hacked?" is the wrong question. The important question is how costly will hacking it be and how great will the benefits be. (or for the more economically minded among you, technically the question is closer to, when the market reacts to hackers by lowering the amount of money people are willing to accept on one of these chips to the point where the marginal hacker finds it no longer worth his time, will that amount be too low for this technology to be sufficiently useful).

You are not going to be using this thing to buy a car or a house. Transactions like that will be done on the blockchain. You will be using it to buy a soda or a tank of gas or a game from the steam store. Sure there is a risk that some kid will dig into it with a microscope. Of course. But we have a perfect analog for this already with blockchains exactly the way they work now. People will accept 0 confirmation transactions on small purchases even though they could be reversed by a dedicated attacker. So what? Is the solution to force someone who is buying a soda to wait for 3 confirmations? As a market actor you just weigh the risks against the benefits and you decide for yourself what is your preferred trade off. If you are risk averse you have a lower threshold for amounts that you are willing to accept off chain, for the sorts of people you are willing to accept certain types of transactions from, and how often you settle up on the blockchain.

Understand what we are talking about here. Understand the promise. Understand what is at stake. What we are talking about here is a measure of unlinkability for all crypto users, instantaneous transactions, offline transactions, free transactions, the massive reduction of blockchain bloat, and the solution to the scalability problem. These things collectively, in their totality, ARE HUGE! When you dismiss it out of hand its tantamount to saying this medicine that will save my life tastes bad and gives me a tummy ache, so forget it.

This "solution" to doublespending could never be a replacement to satoshi's solution. It could never act as an alternative to blockchains. But it definitely can act as an amazing complement by leverage up satoshi's amazing invention to help make up for some of the shortcomings of this type of doublespend "solution". Togather, and only togather, they could make something beautiful.

Of course all of this this depends on how difficult it is to hack. If its too easy or too expensive to stay ahead of the curve in the arms race than it will be a footnote in history. If not it could take crypto to who new places. Only time will tell that but the chance that it will work is exciting as hell.

*edit* and i should add. this is the first time in my life that i have ever been excited about a closed source project. (excluding things like video games). So I definitely feel your concern. Its not as if im some closed source fan boy.
1656  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: July 01, 2015, 10:18:27 PM
So I don't know if you guys have seen the news about this proposal called "offcoin" http://www.coindesk.com/netopia-internet-free-bitcoin-transactions/ but it looks really cool and really exciting. It's rare that I will forgive a project for being closed source, but this one has to be closed source by it's nature, and still can be sufficiently trustworthy even considering.

Anyway one beautiful thing about it is that it will have a really significant positive externality on the privacy of everyone including people who never even use the product. Essentially it will make it so that there is no way for a third party observing the blockchain to know if the person who is in control of an address when it receives funds is the same person who is in control of it when funds are sent from that address. In essence it will give bitcoin an, admittedly imperfect, measure of unlinkability or at least link plausible deniability (though i think it would definitively go beyond plausible deniability).

So the point of all of this is not to say "sell all moneros bitcoin going to be anonymous soon". Clearly this is at best a partial solution. But if monero were to leverage up this technology it would make our privacy features only that much more robust. We could pay the same as we are paying now for privacy and get even more of it, or we could pay less for the same amount.

Since the code is closed source it will have to be entirely rewritten, so that's a bummer. But one nice thing is that none of the things that make monero different from bitcoin make implementing this idea within monero one iota more difficult than implementing it with bitcoin.

Some stuff worth thinking and talking about I think.
1657  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 30, 2015, 03:33:19 PM
Quote
Bitcoins—a highly traceable digital currency

Bitcoin - a trojan horse with monero inside

Just let it past the gates and see what happens.
1658  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Exchange.I2P Darknet CryptoCurrency Exchange on: June 27, 2015, 04:14:11 PM
if you guys do this just act under the assumption that he is trying to steal your money. if you just do lots of small trades and never keep very much in the way of funds on the exchange at any given time it could still prove to be a useful service even if he were a scammer.
1659  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: June 23, 2015, 03:22:19 PM

I've gotten #2 before but never yet #1. Did you have allies or did you manage that solo?
1660  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: June 23, 2015, 05:50:53 AM
Right now there's a lot of wait-and-see.

I don't think Bitcoin will rise much higher than it has - at least not sustainably - until mainstream investment places and fund managers are satisfied that Bitcoin is able to scale to at least thousands of tx per second. 

Meaning, we not only need to make the block sizes bigger, but we also need to develop new technology.  Side Chains, Fractalized blocks, or ... whatever.  But right now it's not taken very seriously because, five transactions a second?  And with a 20Mbyte block it'll go up to maybe a hundred?  Don't make an investor (or a broker) laugh, that's not even a good attempt at a payment system that could get off the ground in a serious way.  And so it gets dismissed.

Bitcoin could go above its current value, and stay there, only if the scalability issue gets addressed in a credible way.



lightning network looks promising
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