Probably yes. But mining the coin is also important in order to decentralize the hash rate and improve security. The current situation with low concentrated hash rate is a negative that probably weights on the value and makes the future uncertain.

So if you are investing or otherwise supporting the coin please consider mining to a lower-hash rate pool (not minergate) and/or solo mining.

Not exactly. It does include verifying transaction inclusion via merkle proofs, which is the essence of SPV but it doesn't work the exact same way as described in the white paper.

Multibit is somewhat closer, and is also open source and could be forked, but most alts seem to stick with Electrum.

In point of fact there are NO pure SPV wallets because SPV as described in the white paper also includes the network having a warning system against attacks, which doesn't exist, and the original description doesn't include any practical or privacy-preserving method for querying your transactions either.

I don't see Ng4 as that dangerous (we can just move the queen) but I'm going to vote for h3 because I don't like having to go on the defensive.

I think we have a tie now so this move will lose to O-O unless someone else votes for it.

h3

What in the world does this have to do with "the NSA designed cryptonote" that people on this thread are now repeating?


The reason that paper focuses on tokens issued by a bank is that it was written in the 90s, when electronic cash was being developed based on the David Chaum's model of tokens issued by a bank. That was superseded (after failing on its own to gain any traction, though recently there is been somewhat of a rekindling of interest) in Bitcoin and its successors -- including both Dash and Monero -- by satoshi's approach of using a decentralized consensus instead. There is no other connection. Stop spouting ignorance.

Correct (and on the reddit post it says "work in progress"!)

Yes moneromooo was the one who did that, as part of his work crowd funded by the forum funding system. Also, he recently added a check_tx command to simplewallet: https://github.com/monero-project/bitmonero/pull/429

The main advantage is for unusual amounts (very high or very low). For moderate amounts like 100 there are already a huge number of potential mixing partners. But it is an incremental improvement, and perhaps a very significant improvement for high value transactions.


Both parties to a transaction would always be able to see the amounts of course. The idea of CT with or without ring sigs is to hide the amounts from third parties, while retaining visibility to the third parties of the soundness of the transactions (that sum of inputs = sum of outputs).


Yup, this makes them indistinguishable from the more routine smaller transactions.

I thought the Monero devs were secretly the Bytecoin and CryptoNote devs. Do we work for the NSA too?

It is hard to keep track of the Dash conspiracy theories.

1. Definitely not going to be in 0.9. The math isn't even done yet (as you pointed out).

2. The idea is to still have ring signatures, and allow the amounts to be hidden but cryptographically commit to sum(out)=sum(in).

The target supply for the first 8 years will be 18.4 million. The planned maintenance reward for mining incentives of <1% was not implemented in the Monero code when AEON was forked from it but will get remerged along with other subsequent Monero changes that don't conflict with AEON's own modifications. So from that point forward (about 8 years after launch) the total supply will very grow slowly, in a disinflationary model.

EDIT: some people (for example on reddit, and maybe once or twice here) have discussed making a proposal to do something more experimental like a larger maintenance reward or a fixed inflation rate (something <1%, but a constant percentage rather than a constant amount, wouldn't clearly contradict the original wording imo). No such specific proposal has been made yet though.

There is an Electrum fork for Litecoin: https://electrum-ltc.org

Someone here claims their fork support a bunch of other coins: https://cryptocointalk.com/topic/23210-ann-electrum-lightweight-client-for-doge-drk-dvc-ftc-ixc-ppc/

I don't think it is that difficult but verification of a PoS coin might require more code changes.

Monero trades on cryptsy, bittrex, bter, and probably others I'm forgetting. It can also be exchanged via shapeshift and xmr.to (the latter, one direction). Where people choose to do business is up to them. I guess the exchanges that provide the best service will get the most business.

As a project we are neutral, and we help anyone who wants to support Monero. I've personally helped bter with their Monero stuff and cryptsy and shapeshift have also been on irc getting help from core team members and other knowledgable developers and community members.

I can't speak for anyone else but my part of the original bounty is still good, so once some people with AMD mining gear have successfuly tested it for regular cryptonight (monero)  I will pay that out to wolf.

Thanks for the clear instructions Arux!

Hopefully folks with the right equipment can reproduce and we'll get some test reports soon.

The default is enabled immediately, along with some of the other changes (if you build the code yourself, or once there is a binary to download otherwise). The enforced minimums will happen in six months or so once the fork goes into effect.

You can't withdraw the borrowed coins, only trade them. However, it is theoretically possible for a market to go horribly bad such that the loans can't be repaid, and if that does happen the lender takes the loss. That is explained in the Poloniex terms.

Good point.

Google "daily fantasy sports cheating allegations" for some current events. I don't know why crypto exchanges would want to invite that kind of trouble.

Yeah the whole margin trading thing is a bit of a joke on these assets with limited liquidity but if people want to play the game and generate commissions you can't really blame the exchanges for offering it.

What a bizarre non sequitur. Why even mention "lost value" and "odd margin traded pumps", when you going to disregard the market and substitute your own conclusion instead, because it turns out that Dash has fared far worse in the market?

The blue lines are market cap:

Yeah its pro-rated on some pretty frequent basis. In that example you've earned 0.15 already