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does mixin count 1 mean that there is one other participant in your ring signature? i.e. mixin count 1 means ring signature with 2 people and mixin count 2 means ring signature with 3 people ect...
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In the United States it is unconstitutional for congress to retroactively make something illegal, and you can't show someone's still using Monero if it ever were made illegal.
You cant possibly still be under the illusion that governments are actually constrained by constitutions. |
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If the state really wants to come down on our freedoms, it will, sorry.
Real life isnt a Hollywood movie with good cop ending. No it wont if you are clever enough. That being said i am sure Bitcoin is enough for your needs. Using Bitcoin wanting to protect your stash from prying is a real pain because you have to take extra precautions and use other services, while with Monero you can just have one address and use different levels of mixing when sending transactions to match the level of privacy you would like to ensure, this is what bitcoin had to be since day one, but they got most of the people saying its a plus for accountability, and it really is and thats why I think bitcoin and monero will co-exist. So let's say I get stinking rich with XMR next week, and move immediately to the Pacific coast of Mexico with the intention of sipping margaritas and watching whales from my beach hut with a chica at my side so hot I know it's only because I'm rich but I don't care because I'm just so stinking rich: will I have to wait for businesses to accept XMR directly before I can order refills (of the drinks, and possibly also the chica, if she misbehaves) online, or is there some way to tap into the already existing BTC marketplace while enjoying XMR anonymity? good question lol, and in the scenario you get rich from XMR, it will for sure be accepted in lots of places so in the ideal world you trade services directly with xmr, otherwise you'll have to deal with xmr->btc or even xmr->btc->cash transactions. This question and subsequent answer is one that has been rolling around my noodle for awhile now. While I think I agree with the answer in the immediate time frame, I don't think I do long term. Many are looking at current global economics and coming to the conclusion that our debt based economies are so severely overspent that their inertia will undoubtedly carry us over a horrendous cliff. When seems to be the only question. With that as my base outlook on the future, I don't see the future use of XMR in the same light. This is a total work in progress for me, so please understand I may change my pov at a moments notice  If we are indeed heading for not just an economic crash, but economic devastation, I make a few assumptions 1) Government controls will be applied in a way that can only be described as draconian, controlling and martial. They will be defended as necessary for protection of the state and it's people 2) Property seizures in the interest of the state will occur. We in the US saw this with gold seizure under Roosevelt. 401k's, pensions, savings, gold holdings , possibly personal property and even BTC may be demanded. Just look at Cyrpess for recent seizures 3) Considering the known current technical capabilities of organizations such as the NSA, I have no reason to doubt that if they turned their attention to asset gathering, deep blockchain analysis, federal warrants on data from companies such as Coinbase, Mintpal, mixers and the like will turn up many, many BTC holders. Simple threats of imprisonment or even accusations of treason would undoubtedly result in the handover of many wallets and passwords 4) A fully anonymous blockchain such as XMR's would be as close to the Swiss Bank of old as one could possibly get. This is all obviously ignoring those in the world that can right now, today, desperately use a means to safeguard their assets from a corrupt government. Now, if the above were true, then how one used XMR would not fall in line with the answer above. XMR transfers (or any other anonymous coin of any type) would categorically never be used to pay a business. You would never transfer XMR funds to an entity that already was deeply involved in government reporting (taxes) or would potentially have a address that could be associated with you (drop location? Sure there are no cameras around?). Fundamentally, XMR transfers would always be person to person with full anonymity in-place (anonymous contracts for instance) or complete trust of the recipient. In this scenario, since many or most transactions would be more public (buying groceries, paying for housing, everyday living), a suitable anonymous XMR->accepted fiat would need to be in place to usable on the small scale. If you think your local grocery could just accept XMR on the down-low, just look up and wave at the camera next time you're buying your tomatoes and milk. You would need a supply of daily money as well as a secure money store. It's the secure movement back and forth that has me pensive. Your economic/government view is too US-centric, the US is not the center of the world, they can have surveillance capabilities in the entire world but no ways of enforcing their domestic laws in other countries like China and Russia, that being said XMR doesnt depend on the US economy and the USG is incapable of seizing XMR unless you revel you have them and hand over your private keys and passwords. I2P (future) and transactions using ring signatures (now) is the death kiss to your NSA, as for using XMR for buying groceries, again, your address is never revealed to the recipient, they can't know the exact sum of your assets in XMR, and thats what make it special. This is what XMR brings, it doesn't make you literally invisible when you are transferring XMRs, it makes your transactions virtually impossible of being traced back to you. It's really like a Swiss Bank account, but better, only you can access or view it if you take the right steps to secure your private key. Even if the NSA was as weak as you describe, the USG can just beat the living shit out of you until you give them what they want... or they get bored and kill you. Yes but any group of relatively strong guys can beat the shit out of anyone. The distinguishing characteristic is their organization. And the glue, if you will, that gives this particular group of strong guys cohesion is the USD. If something happens to that glue than they just become a bunch of strong guys who are acting towards individual ends and not a unified purpose. In such a situation they are not any more or less threatening than any other group of random strong guys. They are no more likely to beat the shit out of anyone than anyone else is. Without that glue they are no longer divinely ordained "the state", they are just dudes. |
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This question and subsequent answer is one that has been rolling around my noodle for awhile now. While I think I agree with the answer in the immediate time frame, I don't think I do long term. Many are looking at current global economics and coming to the conclusion that our debt based economies are so severely overspent that their inertia will undoubtedly carry us over a horrendous cliff. When seems to be the only question. With that as my base outlook on the future, I don't see the future use of XMR in the same light. This is a total work in progress for me, so please understand I may change my pov at a moments notice If we are indeed heading for not just an economic crash, but economic devastation, I make a few assumptions 1) Government controls will be applied in a way that can only be described as draconian, controlling and martial. They will be defended as necessary for protection of the state and it's people 2) Property seizures in the interest of the state will occur. We in the US saw this with gold seizure under Roosevelt. 401k's, pensions, savings, gold holdings , possibly personal property and even BTC may be demanded. Just look at Cyrpess for recent seizures 3) Considering the known current technical capabilities of organizations such as the NSA, I have no reason to doubt that if they turned their attention to asset gathering, deep blockchain analysis, federal warrants on data from companies such as Coinbase, Mintpal, mixers and the like will turn up many, many BTC holders. Simple threats of imprisonment or even accusations of treason would undoubtedly result in the handover of many wallets and passwords 4) A fully anonymous blockchain such as XMR's would be as close to the Swiss Bank of old as one could possibly get. This is all obviously ignoring those in the world that can right now, today, desperately use a means to safeguard their assets from a corrupt government. Now, if the above were true, then how one used XMR would not fall in line with the answer above. XMR transfers (or any other anonymous coin of any type) would categorically never be used to pay a business. You would never transfer XMR funds to an entity that already was deeply involved in government reporting (taxes) or would potentially have a address that could be associated with you (drop location? Sure there are no cameras around?). Fundamentally, XMR transfers would always be person to person with full anonymity in-place (anonymous contracts for instance) or complete trust of the recipient. In this scenario, since many or most transactions would be more public (buying groceries, paying for housing, everyday living), a suitable anonymous XMR->accepted fiat would need to be in place to usable on the small scale. If you think your local grocery could just accept XMR on the down-low, just look up and wave at the camera next time you're buying your tomatoes and milk. You would need a supply of daily money as well as a secure money store. It's the secure movement back and forth that has me pensive. Im not saying you are. But i think that you may be severely overestimating the power of a bankrupt government. There will certainly be a lot of bullying and lawlessness, but i see it as being more at the local level. sheriffs deputies shaking down travellers in an even more brazen fashion than the way they do it now. Extracting funds from people is expensive. If they are going after small fish than they will be lucky to net a profit. if they are going after large fish it will at best fund them for a month or two. Large federal national (there i go using their crazy language, next ill be saying "we" invaded iraq) governments exist by virtue of their ability to borrow and print, take that away from them and they have nothing. |
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If the state really wants to come down on our freedoms, it will, sorry.
Real life isnt a Hollywood movie with good cop ending. No it wont if you are clever enough. That being said i am sure Bitcoin is enough for your needs. Using Bitcoin wanting to protect your stash from prying is a real pain because you have to take extra precautions and use other services, while with Monero you can just have one address and use different levels of mixing when sending transactions to match the level of privacy you would like to ensure, this is what bitcoin had to be since day one, but they got most of the people saying its a plus for accountability, and it really is and thats why I think bitcoin and monero will co-exist. So let's say I get stinking rich with XMR next week, and move immediately to the Pacific coast of Mexico with the intention of sipping margaritas and watching whales from my beach hut with a chica at my side so hot I know it's only because I'm rich but I don't care because I'm just so stinking rich: will I have to wait for businesses to accept XMR directly before I can order refills (of the drinks, and possibly also the chica, if she misbehaves) online, or is there some way to tap into the already existing BTC marketplace while enjoying XMR anonymity? good question lol, and in the scenario you get rich from XMR, it will for sure be accepted in lots of places so in the ideal world you trade services directly with xmr, otherwise you'll have to deal with xmr->btc or even xmr->btc->cash transactions. And if the latter, will my XMR anonymity be preserved? absolutely, no one will ever know the size of your original xmr stash, only possible to know is what was converted to btc and/or cash. But that's amazing! I'm in. What are people waiting for? people are crazy is all. xmr is so undervalued. i suppose it simply doesnt have a flashy advertisement campaign. i hope merit can overcome its lack of marketing. |
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If you're still running 32-bit, you probably are a senior or something and shouldn't be messing with magic internet money.
+1 lol The majority of internet-connected computers are 32-bit, no PAE. It is a serious freaking problem. Well i didn't say that but i still tend to agree with it. Who the heck runs a 32 bit machine any more? Like actually tell me someone you know who does and isnt >90 years old. Most smartphones? I dont think its reasonable to expect smartphones to run full nodes either way. |
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If you're still running 32-bit, you probably are a senior or something and shouldn't be messing with magic internet money.
+1 lol The majority of internet-connected computers are 32-bit, no PAE. It is a serious freaking problem. Well i didn't say that but i still tend to agree with it. Who the heck runs a 32 bit machine any more? Like actually tell me someone you know who does and isnt >90 years old. |
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Here is some antifud. I'm just so excited. This is the very first anonymous crypto (other than premine bytecoin). We have cryptos with anonymity (darkcoin) but a crypto with anonymity is not the same thing as a crypto that is anonymous. There is a huge difference. And so to commemorate this monumental event here is a exert from future imperfect by david d friedman. During World War II, George Orwell wrote regular articles for Partisan Review, an American magazine. Near the end of the war, he wrote a retrospective in which he discussed what he had gotten right and what wrong.9 One of his conclusions was that he was generally right about the way the world was moving, wrong about how fast it would get there. He correctly saw the logical pattern but failed to allow for the enormous inertia of human society.
Similarly here. David Chaum’s articles laying out the groundwork for fully anonymous electronic money were published in technical journals in the 1980s and summarized in a 1992 article in Scientific American. Ever since then various people, myself among them, have been predicting the rise of ecash along the lines he sketched. While pieces of his vision have become real in other contexts, there is as yet nothing close to a fully anonymous ecash available for general use. Chaum himself, working with the Mark Twain Bank of Saint Louis, attempted to get a semi-anonymous ecash into circulation – one that permitted one party to a transaction to be identified by joint action of the other party and the bank. The effort failed and was abandoned.10
One reason it has not happened is that online commerce has only very recently become large enough to justify it. A second reason, I suspect but cannot prove, is that national governments are unhappy with the idea of a widely used money that they cannot control and so are reluctant to permit (heavily regulated) private banks to create such a money. A third and closely related reason is that a truly anonymous ecash would eliminate a profitable form of law enforcement. There is no practical way to enforce money-laundering laws once it is possible to move arbitrarily large amounts of money anywhere in the world, untraceably, with the click of a mouse. A final reason is that ecash is only useful to me if many other people are using it, which raises a problem in getting it started.
These factors have slowed the introduction of ecash. I do not think they will stop it. It only takes one country willing to permit it and one issuing institution in that country willing to issue it, to bring ecash into existence. Once it exists, it will be politically difficult for other countries to forbid their citizens from using it and practically difficult, if it is forbidden, to enforce the ban. There are a lot of countries in the world, even if we limit ourselves to ones with sufficiently stable institutions so that people elsewhere will trust their money. Hence my best guess is that some version of one of the moneys I have described in this chapter will come into existence sometime in the next decade or so. ITS FINALLY HERE DAVID! |
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OK, so there is no such thing as a completely anonymous crypto coin. I get it. Also, like most people, I accept that if the US govt. really wants to find out what I am up to financially or otherwise, they will be able to do this. Call me a traitor to the crypto movement, but I really don't give a rat's ass about the NSA, wikileaks, Snowden, etc. If the state really wants to come down on our freedoms, it will, sorry. That said, would one of you crypto nerds please answer the following question: If I become stinking rich buying XMR at current prices and decide to retire down in good old Mexico in two years (or less - more likely) with chicas and tequila, will the anonymity it does provide at least protect me from Mexican gangsters? If you can assure me that it will, then of course I'm in.
Cryptonote does provide the promise of real anonymity. Its just a question of how high of a mixin count does the software force on everyone. Also you have to do some other things like smart ring signature matching and an alternative to payment ID's. If we do all of this and force a mixin count of something like 6 on everyone than transactions would be quite expensive, however no one, not even the nsa, could ever figure out what the heck was going on inside of our network. If you just want to protect against blanket spying but not targeted spying against specific individuals than everyone using a mixin count of 2 or 3 would probably be plenty. So its a trade off, true anonymity is possible just expensive. As for gangsters in mexico, no problem, the software in its current form could probably protect you from that. Any mixin greater than zero is enough to provide plausible deniability in the block chain, though larger mixins provide additional security by cripling the ability to rule out other parties as possible transactors. If everyone in the network is using a mixin count that is high enough, it can go way beyond the level of plausible deniability. It can get to the point where an outside observer cant even make an educated guess as to which coins belong to whom. |
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OK, so there is no such thing as a completely anonymous crypto coin. I get it. Also, like most people, I accept that if the US govt. really wants to find out what I am up to financially or otherwise, they will be able to do this. Call me a traitor to the crypto movement, but I really don't give a rat's ass about the NSA, wikileaks, Snowden, etc. If the state really wants to come down on our freedoms, it will, sorry. That said, would one of you crypto nerds please answer the following question: If I become stinking rich buying XMR at current prices and decide to retire down in good old Mexico in two years (or less - more likely) with chicas and tequila, will the anonymity it does provide at least protect me from Mexican gangsters? If you can assure me that it will, then of course I'm in.
Cryptonote does provide the promise of real anonymity. Its just a question of how high of a mixin count does the software force on everyone. Also you have to do some other things like smart ring signature matching and an alternative to payment ID's. If we do all of this and force a mixin count of something like 6 on everyone than transactions would be quite expensive, however no one, not even the nsa, could ever figure out what the heck was going on inside of our network. If you just want to protect against blanket spying but not targeted spying against specific individuals than everyone using a mixin count of 2 or 3 would probably be plenty. So its a trade off, true anonymity is possible just expensive. As for gangsters in mexico, no problem, the software in its current form could probably protect you from that. |
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And looks like possibility to use monero as is on 64 bit windows with 4 GB RAM will be over very soon.
Can you elaborate on this point. Why would you require more than 4GB of ram in the future to run monero? (i'm pretty sure the computer im using has 4gb of ram) because bitmonerod has to load the entire blockchain on the ram as of now, and its larger than the actual size on disk The devs obviously have some sort of idea how to deal with this right? I mean obviously that isnt sustainable. |
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And looks like possibility to use monero as is on 64 bit windows with 4 GB RAM will be over very soon.
Can you elaborate on this point. Why would you require more than 4GB of ram in the future to run monero? (i'm pretty sure the computer im using has 4gb of ram) |
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In regards to the question of payment id's leaking information.
What if, instead of the sender generating a 1 time address from the recievers public key, the receiver generated a 1 time address and sent it to the sender, then the sender sent the transaction to that 1 time address.
Along those same lines, but solving some problems that may arise from the previous proposal, what if instead of one side generating a single nonce, each side generated their own nonce, shared them with each other, then the sender concatenated both nonces to use to generate the 1 time address to be used in the payment. the receiver would only need to scan the block chain with his own single key, and when identifying a payment would be able to identify who had sent it by the 1 time address they agreed upon.
Try not to take this idea too literally, its not the specifics that matter, but rather the GENERAL idea.
Even simpler: Single-use addresses are already created at the time of transaction (for stealth addressing). Would it not be possible to create single-use receiving addresses on-the-fly based on your wallet address? Yes i think it would. Though, as the receiver, you would need to send a bundle of them to the sender. Not hard though. |
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In regards to the question of payment id's leaking information.
What if, instead of the sender generating a 1 time address from the recievers public key, the receiver generated a 1 time address and sent it to the sender, then the sender sent the transaction to that 1 time address.
Along those same lines, but solving some problems that may arise from the previous proposal, what if instead of one side generating a single nonce, each side generated their own nonce, shared them with each other, then the sender concatenated both nonces to use to generate the 1 time address to be used in the payment. the receiver would only need to scan the block chain with his own single key, and when identifying a payment would be able to identify who had sent it by the 1 time address they agreed upon.
Try not to take this idea too literally, its not the specifics that matter, but rather the general idea.
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wow so many names that i recognize from nxt. i had no idea so many of you cool cats were involved over here as well.
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What did they do that was scandalous?
Actually they did NOT. Did not remove link to 32-bit binary Monero executabes from 1st sticky page of this thread. Did not make sticky FAQ about typical end-user frustrations. DId not fix html markup errors at official site. Did not accept help except develope-related one. ... But they DID promise! I want to believe ... (c) JESUS! ARE YOU FREAKING SERIOUS!? SELLING EVERYTHING RIGHT NOW! |
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would you like a small donation? |
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trading 100,000 nxt /w OnlytheTruth @ 0.0000785
*edit* @ address 1JrRTBauRZoeSPeyokCh76ZxikzppUBhhA
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Guys, I don't understand why Monero has 1135 votes on Hitbtc, but it is available to exchange now. How did this happen?
That was easy. Creators of the Monero bought "the place"on the exchange for its coins Really? This is disgraceful! Although I'm not surprised because Monero team renowned for its scandalous behavior What did they do that was scandalous? IMO the success of the coin depends on the team of developers. And I don’t think that Monero team looks like a team of pros, because they look for faults of other coins instead of making their own coin better. Its not their fault that the competition sucks and yet somehow has 6 times the capitalization... |
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ah well it looks like the dev has decided to abandon escrow. since im pretty sure hes the only one who bought any shares anyway, no harm done i suppose.
Now that im no longer affiliated with this project ill go ahead and say that this reeks of scam. Please be very very careful.
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