That's a good approach. If one node gets stuck or fails it should usually switch to another one. Depending on the network of the chosen peer, it might be slow, but should retain the bandwidth-efficiency of picking a specific node while being more reliable (good for unattended syncing).

I don't ever recommend limit-rate-down unless you are trying to reserve some of your own connection for some reason (video streaming, VOIP, etc.). It won't reduce your bandwidth usage, only make things take longer.

ETH as a platform can be used to build currencies. Currencies require, at their core, a global consensus on the distribution of the money supply, and that is the function that ETH aims to offer in a general-purpose platform. It maybe an expensive, complex, and in some ways undesirable way to do it, but it certainly can be done. If something becomes dominant enough, it will be used regardless of its structural weakness and costs. A lot of computing is still done in Windows. This is all an extreme long shot though, but since we are all about speculation here, that's a long term one with >0 probability.

Please work out the details of the trade between you and PM me.

I disagree on that point. What has been 'cloned' is a cryptographic primitive. Monero does not have a "mixer", so the design is entirely different. If anything what was created for ETH is closer to SDC than XMR (doubly-so once ETH switches to proof-of-stake).

However, I will agree on your broader point that if ETH grows sufficiently (say two orders of magnitude from where is now) then it will become the de facto blockchain platform on which everything else is built, and that will include privacy-preserving systems such as Monero.

That's a "big if" though. While ETH appears to be gaining momentum at the moment, the vast majority of systems that attempt to grow by two orders of magnitude stumble and fail at some point.


The hash rate on Monero has not been "dwindling" (and the other "cryptonote chains" don't matter), it has been quite stable. While there is a lag, if the price holds up where it is now the Monero hash rate will certainly increase a lot.

Yes I'm still doing it. If it is not in bold (and that one is not) then you need to contact the seller ('proletariat' in this case) directly and work out a trade. I can escrow if both contact me and agree to it.

More specifically there have been successful thefts. Fluffypony explicitly recommends not storing too large an amount there, and instead using it for convenient access to smaller amounts.

Yeah that is definitely a consideration. BTW, although my OP states that I keep interest on escrowed coins for my fee in practice I've given at least some of it back to the coin owners when sending refunds (based on a guesstimated amount). The main reason I stated it that way in the OP is not wanting to have to track all the interest separately.

That means your outgoing connection to the exclusive node did not work. Either the node you chose isn't working any more or your node is having trouble with outgoing connections (firewall issue, etc.)

Your syncing appears to be happening on multiple incoming connections, which aren't so easily limited, but are easily blocked (using the above option):

Yes:

1. Download the blockchain.raw bootstrap and import it using blockchain_import

or

2. Pick one peer and use --add-exclusive-node peer --p2p-bind-ip 127.0.0.1 for initial sync, then restart normally.

There is a certain amount of redundant downloading from multiple peers (specific depend on network conditions, your node performance, etc.). Either of the above will eliminate it.


That is absolutely not normal, especially with an SSD. Are you sure you don't have something else using up CPU/RAM. I can sync almost the whole chain in 40 minutes on a mobile i7.

Not in the same way as Bitcoin. We are looking at how best to approach assets as a research goal.


This use case does not really work. Let's say you could send a colored coin that was "worth" 10 million USD. What is the recipient supposed to do with with this colored coin? They can't spend it, at least not unless they can find someone who also trusts you to owe them 10 million USD. It represents an IOU, but in order for the recipient to actually get their money you would need to send a wire transfer or something, so why not just do that in the first place. Or if you really want an IOU, you can send a digitally signed email (and store a hash of it in a blockchain if you think that is useful).


Increase the market cap and liquidity so that 10 million USD can easily be accommodated.

I think 0.01 is the fee from the network (which depends on the size of the transaction) and MyMonero adds 0.005, but I'm not sure. You should ask MyMonero support.

It was on topic because of this claim:

"Don't forget its all over for XMR once ring signature dapp comes out (Vitalik personally working on it!)"

A reminder: Comments that express a negative trading or technological opinion on XMR, if supported by some sort of reasoning or evidence, are absolutely on-topic. Whether positive or negative, that comments are on-topic does not make them correct (or incorrect). Readers should evaluate all opinions carefully.

Regardless of whether one alienates ETH investors or not it is certainly the case that ETH has brought a lot of money (and margin buying power) into the market and I do agree with TC that some of that money is spilling over to other markets (including XMR but also unfortunately including a new crop of pure scamcoin that are being launched at an increased rate).

Sorry, it turns out that the blockchain utilities are currently hard coded to use the old memory format as an input. If you want to create a .raw file from a database you will have to change this line:


to this:


And then recompile.

If you aren't prepared to recompile, you will have to wait until this gets addressed in a new release.

You can also sync the new computer exclusively from the old one (won't use any external bandwidth if they are both on the same network) by launching it with:

bitmonerod --add-exclusive-node ip-address-of-old-computer:18080 --p2p-bind-port 127.0.0.1

Once it syncs you can exit and relaunch normally.

I'm not sure it is a shilling vehicle, though it might be. Zcash appears to have paid PR going on which gets it a lot of coverage in places like Wired (along with grossly unethical pumping from bitcoin.com, owned by Roger Ver, an investor in Zcash), while Monero does not. Thus it is quite plausible that people might just want to respond to the aggressive Zcash shilling and point out some less rosy perspectives on it that you certainly won't hear from the paid PR and pumpers.

It doesn't necessarily bother me if Bitcoin wants to force out low value transactions. If it wants to become digital gold or fedwire, that's perfectly fine. Just do a good job with the implementation and the transition. That it isn't doing so is my criticism.

Their poor execution is making life easier for other solutions like Dash, no question about that.

The best way is to use the blockchain_export utility to create a .raw file, copy that to the new computer, then use the blockchain_import utility on the new computer.

It might be possible copy the database files (I don't remember if they are portable between 32 bit and 64 bit) but the above will double check everything and make sure everything is properly validated on the new computer. It will take some processing time (let it run overnight), but not bandwidth.