You are confused by aliasing error, which can be ephemeral in my proposal.
The confirmations that matter are those in the chain that has the sustainable majority of the hashrate. The only way to differentiate aliasing error from signal, is for the width of the smoothing filter (i.e. the number of confirmations) to be greater than the period of the aliasing error (another way of stating the Nyquist-Shannon sampling theorem). That period is how long the attacker can sustain the hashrate to maintain the longest chain.
Your sampling analogy deals with effects of aliasing OUTSIDE of the frequency set where the errors occur, whereas the double spend problem occurs in alternate versions of the current set. In other words, the filter eliminates the audible aliasing by addressing it's consequences while a double spend happens at the exact same frequency as the actual (agreed upon) signal. Does this flaw in the analogy not point out a possible crack in the thinking here? |
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do i understand it right that for this coin cold storage for backup purpose is not really needed, since i can just delete the wallet files and keep my deterministic passphrase on paper?
sure, its not the same like signing transactions with offline computer and watch-only wallet, but its good enough to just keep it pretty well safe no ?
You can restore a wallet from the deterministic seed so yes. I would certainly suggest attempting the process in test a couple of time before deleting your wallet file with all your savings on  I would suggest keeping a copy of the old files in an encrypted archive. I personally archive -> SHA256 encrypt -> uuencode -> store as text in cloud. But one could be much less convoluted and still be safe. |
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2014-Jul-15 11:48:40.266031 [P2P1]tx with id: <dab6c0eb410d02a0efe4581e4415a96edcb53facdf793e58043317fca76f4a59> in block id: <803020170b65ad9a94f0bf02a6d35a88736a6b25528d317e2ce3a51764b18bce> already in blockchain
2014-Jul-15 11:48:40.288032 [P2P1]Block with id: <803020170b65ad9a94f0bf02a6d35a88736a6b25528d317e2ce3a51764b18bce> failed to add transaction to blockchain storage
2014-Jul-15 11:48:40.306033 [P2P1][54.193.101.172:34081 INC]Block verification failed, dropping connection
32bit wallet, 32bit win7
help!!!!
At this time monero requires a 64bit environment to run. |
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Please list some specific examples of that in this thread. Don't make claims without backing them up with specific examples.
There has been no clearer example of trolling in this thread that that crap. Racism. Lol. Please do not waste your time responding to that. |
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I have carefully read all 500 pages of this thread and I can't understand why so many people here hate members whose native language is not English?
Yeah, I’ve also noticed it. This indicates some "racism" here, although I always thought that digital currency should have no restrictions in this sense, as it is international. Funny enough i am not a native speaker myself, like most people here. The only reason you get treated like you are is that you are using fakeaccounts to troll - accept it. Doesnt matter what language you speak... that ^^^ is being owned. |
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May i join the club of stuck Mintpal withdrawals?
BTC withdrawals were immediate for me. Convert to BTC and gtfo of mintpal imo. Ughh i have them pending on withdrawal now...  If this precedent setting rollback actually goes through, mintpal will be (for the most part) saved and eventually our withdrawals will be processed. If the rollback doesn't go through we may be left with a Gox situation. It's a big bag of suck. |
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May i join the club of stuck Mintpal withdrawals?
It's a fairly nasty situation. A POS coin is stolen from an exchange via a direct SQL injection. (allegedly) The coin dev chooses to roll back the blockchain to avoid a single owner having 30% of coins. (Important ina POS scenario) Exchanges freeze the coin as the blockchain is rolled back and the coin forks. Nasty. Bad bad implications... |
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Anyone else having trouble withdrawing xmr from mintpal?
I know about the vrc issue, but I withdrew 3000 bc and .7 btc no problem but now my 266 xmr withdraw has been pending for almost 24 hours, I have opened 2 support tickets and gotten no reply.
Time to jump off a building or no?
Not time to jump off a building. But yes. I also have a stuck withdrawal at mintpal. I submitted a support ticket. I imagine they are busy there.  |
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I am sure everybody has heard the essential arguments by now; move on.
Yeas, please, amen and amen. |
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In Economics 101, the marginal price, not average price, is where supply and demand meet.
So the simple interpretation is that the marginal price is much higher than being reported on the exchanges, because most aren't willing to sell at any where near that price, thus the volume on the exchanges is insufficient to satiate actual demand. Thus the only way to meet demand is to mine at a much higher cost.
The price in the exchanges is a mirage. There's no way to buy anything at that price. 15 BTC is less than 7000 euros, and therefore peanuts, which supports my castle for about a week, and yet a market buy for that amount would take the price from 0.0028 to 0.0040. As is the case with BTC, currently the price is suppressed, but once any demand materializes, it'll go much higher. (From then on it's different, because XMR needs daily demand to absorb the inflation, whereas BTC's price rise is capped by existing holders selling.) How rare is it for upper echelon programmer to also be an astute economist, marketer, GUI designer, artistically adept, not lazy in the gym or sports, etc? I believe the rarity approaches unity with "has delusions of grandeur". |
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I think bytecoin has a better shot than tenebrix, but not enough to out-compete monero.
lol tenebrix |
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So many people (including bitcointalk hero members and btc whales) saying they are buyers at this price but not bid support on the exchanges. I find this curious.
Buy Orders Price XMR BTC 0.00240200 301.44639286 0.72407424 0.00240005 83.33159726 0.2 0.00240003 20.83307292 0.05 0.00240002 2054.5795685 4.93103206 0.00240001 500 1.200005 0.00240000 1658.80367081 3.98112881 |
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Guys, Monero has the potential to become a worthy competitor to Bitcoin or not? What do you think about it?
No! And XMR will never be able to become a competitor to Bitcoin because XMR is essentially a fork of Bitcoin, like other alternative cryptocurrencies. IMO, alternative cryptocurrencies has no future In fact Monero is one of the very few cryptos which is COMPLETELY NOT based on bitcoin's code. But your statement shows how little you know about the project. FUnDamentally wong. |
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Why don't you just put it in your signature and participate in the discussion ? Spamming is not effective for pool promotion. This is good advice trampk. For example superrisistant is not on ignore. But you are. |
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I already said botnet is exaggerated by DRK liars. My laptop Windows 64-bit 2 core i5 delivers 45-50 H/s when idle and 30 h/s if I am working on it.
My core i7 Linux PC 4 cores delivers 200 H/s using Wolf miner
It is just a simple example to see how slow a botnet-controlled computer is.
Wonder when the DRK bubble will poop while Monero naturally taking its spot .
Please don't mention other coins than those allowed, thanks. It's kinda funny. I think it's more about what is NOT on the list than what is on it. |
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Your digging xmr's grave. Nice Job!
Your posts try to be as neutral as possible, which would make sense if you werent a part of the monero core team and werent invested in any coins....being neutral when your apart of the monero core team makes no sense and seems rather stupid/childish....your suppose to support your own coin. Lmao. But whatever.
I would rather the devs develop as opposed to sell the coin. I would rather the core team be honest and professional and not like a running around the internet like a guy in a checkered suit selling timeshares. |
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regarding xmr - did someone expect that low prices? - I assumed that we find after ATH a new equilibria around 0.005 or at least 0.004
I never expected them to go this low. It is painful and discouraging. Such is the way with downswings. |
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It's a winner-takes-it-all situation
Why? Mainly because they are a shared codebase. Most (all?) code contributions can be shared across each coin. The fittest will crush the weaker players. |
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Plus that gives them a chance to try to stop someone from attempting to withdraw after hacking your account, or if they've been caught cheating in some way.
A long while back I had someone clean out my account after exploiting a bug to gain control over the sessionid from login. Seals fixed the bug, but the withdrawal delay mean not a single one of my satoshis made their way off site, and all of them were returned to me. Bitcoin puts the responsibility of security in the hands of the user and businesses who serve the user. One reason I trust seals is they are vigilant about security. Also having played at Stars, Tilt and the like, hearing people bitch about < 24hr poker withdrawals gives me a raging lolgasm. |
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