Thinking about getting a Cryptosteel (anyone experience using it?). When you backup your seed, there is only space for the first four letters per word. Is the below quoted text applicable to Monero as well? you only need to assemble the first 4 letters of each word. Those 4 letters are unique and sufficient to recover the sentence and the entire bitcoin wallet. We did a frequency analysis and determined the minimum set of letters that are needed [is four] You only need the first 3 letters of each word to restore the Monero seed, so there is more than enough space on a Cryptosteel. |
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That's most likely a problem on ShapeShift's end. If you are exchanging XMR for BTC I'd advise to use XMR.to. Note that, if I recall correctly, Shapeshift has stated that they now recognize unconfirmed transactions too, but looking at your issue apparently they don't yet. Regarding your other issue, see: https://github.com/monero-project/monero/issues/1630Thanks for your reply. ShapeShift did eventually fix this issue (recognizing unconfirmed txs) on their end the last time I had this problem several months ago, but it appears to be broken again. I've traditionally used them rather than XMR.to because XMR.to's limit used to be so much smaller, but I see now they are more comparable. As for that other issue, it seems pretty serious. Am I understanding git correctly that this issue has been found and fixed but not pushed out in a new release yet? For the two txs of mine that were stuck last night when I posted this, it took HOURS to get confirmed into a block and the unconfirmed pool was up to around 75 txs, also for hours, until it eventually worked itself out. I contacted them about this a week ago, and told them how to fix the problem. They said they have been prioritizing XMR issues this week, so if it is not yet fixed it should be soon. In the past, they solved this issue by parsing the payment ID out of the tx_extra in the daemon (a hacky method but there was not a way to get incoming unconfirmed transactions to your wallet via RPC until v10.1 - XMR.to was able to because they had customized their wallet). This parsing method did not work for them after the hard fork. Now it is possible to get unconfirmed transactions to your wallet by calling the 'get_transfers' method via RPC with the params {pool: true}. In monero-wallet-cli the command is 'show_transfers pool'. |
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The daemon communicates with the network.
The command line wallet does interact with the daemon but it has it's own commands, does not invoke commands on the daemon.
Both of these are standalone applications.
A wrapper would be an abstraction of some sort that invokes the commands on a parent application through a secondary interface.
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I disagree that DNM usage is what is *really needed*. All usage is good, but DNM users have so many (arguably more important) OPSEC vectors to close that their choice of currency is just one of these factors.
Instead, I predict a possible big usage of Monero could be in crypto locker ransoms. There have been reports of people running these operations being traced via their acceptance of BTC. (can't find source offhand but I've seen it somewhere). These operators are leaking the most data through their usage of BTC so it would stand that they benefit the most from closing up that gap.
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and now i need to download 12GB of data to be able sync my wallet.
i have limited data connection..
can someone buy from me my 5 XMR
i will give address, spend, view keys.
i want 0.049 BTC for it.
i would send keys first to person i deem trusted
Hi, I can help if you're still looking. Please PM with the private keys and I will send 0.049 BTC. |
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Monero is trading on Bitfinex now.
Someone needs to update bitcoin wisdom wit the extra chart Bitcoinwisdom is not maintained anymore as far as I know. What? It's the number 1 site to track Bitcoin prices right? Updates are very infrequent. I still visit the site out of habit, but I think cryptowat.ch is now better. |
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Serious question: How do those of you who support the Monero project, i.e. want it to succeed, justify selling moneroj at this embryonic stage of the ecosystem's development? Doesn't selling moneroj weaken the Monero project by demoralizing and disincentivizing the entire ecosystem?
I'm not judging anyone here, just curious how traders who are also supporters of the Monero project (and not just profiteers) think. I'm a hodler by temperament.
I don't sell Monero, I spend it. Of course I have a holding stash and a spending stash, you might say. It makes me feel good to do at least one Monero transaction per day. Buying, selling, just keep the funds moving! Using Monero is what makes the economy grow. It's fantastic. I am curious to know what are you buying with Monero? I suppose I'm not necessarily buying things every single day, but 1-5 times a week would be more like it. Often the occasional purchase on Amazon via Purse.io (you can get 10%-15% discounts reliably on your orders). I keep a significant portion of my income coming in as BTC (via Bitwage), so for various bills that require fiat payment only, I can cashout quickly via the Bitpay visa. Yes, one could nitpick and say I am not really using XMR because I'm using a third-party (XMR.to or Shapeshift) to convert XMR->BTC, but I would disagree. If someone buys something with Paypal or just uses their debit/credit card, would they not be using fiat because it's going through a third party? As more directly accepting XMR merchants appear, I'll be happy to support them. |
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Serious question: How do those of you who support the Monero project, i.e. want it to succeed, justify selling moneroj at this embryonic stage of the ecosystem's development? Doesn't selling moneroj weaken the Monero project by demoralizing and disincentivizing the entire ecosystem?
I'm not judging anyone here, just curious how traders who are also supporters of the Monero project (and not just profiteers) think. I'm a hodler by temperament.
I don't sell Monero, I spend it. Of course I have a holding stash and a spending stash, you might say. It makes me feel good to do at least one Monero transaction per day. Buying, selling, just keep the funds moving! Using Monero is what makes the economy grow. It's fantastic. |
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You can just hodl but that's pretty boring sitting on a stack of coins waiting for the value to appreciate ...
that's why you hodl but also invest your time and efforts in improving the community, with whatever skills you have. whether that is developing, accepting monero in your business, selling alpaca socks, raising awareness writing blogs or something, educating others on how to use it, etc. if your skill is a trader then you trade too. |
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First everyone should read wolong's book  - 9 pages XMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH. 9 pages? May I suggest you read this thread, 1262 pages. You might get a better perspective on things. I read the entire thread and it's great. Wow, time flies. Just jumped back to page 1 and thread was only created on August 2014, and I apparently posted on the first page. So I've probably read all / most of those 1262 pages as well. Amazing I still have any friends and my wife... Don't forget there was another (unmoderated) XMR Speculation thread before this one, before it was overrun by trolls leading up to the BCX fiasco. It's amazing how little XMR trolling there is these days. Even the reverse trolling is comparatively non-existent, I guess because whoever was behind it has given up. Not complaining. |
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@Saddam @KeyJockey
How do you know Monero is excluded from the data set / which coins are included?
In this article: http://woobull.com/data-visualisation-alt-coins-that-achieved-5m-market-cap-vs-bitcoin/ He directly states: The coins plotted are: XRP, LTC, OMNI, NXT, PPC, NMC, QRK, DOGE, XPY, BTS, AUR, DASH, MAID, XCP, XLM, BLK, ETH and BCN
In the comments from that blog post, he explains that XMR was not included because it does not have a 365 day marketcap average above $5m. This appears to be true (times change quickly), although XMR has been above $5m every single day of 2016. |
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Yes, interesting BUT seems to me like this guy is deliberately leaving MONERO out of his analysis. Wonder why... If somebody bought XMR two years ago for about $0.70 seventy cents each when bitcoin average was about $500 each, and now bitcoin is about $700 but Monero spiked up over $12 and has now fallen back to about $5 five bucks range...? Well, that’s XMR doubling FOUR times in the interim and settling down to "only" having doubled TWO or THREE times (0.70 to 1.40 to 2.80 to about $5.60-ish). If Bitcoin had done the same we'd have seen it hit about $8000 and settle back to $2500 today. Not sure how that doesn't count as "outperform" in his analysis…  P.S. {Edit} I copied this post from a comment on his site, which he's now replied to saying that XMR didn't qualify due to not being over $5 Million market cap long enough or something like that. But other alts like MAID made this cut? Hm, srsly? Seems to me like some sketchy pick and choosing of the data set, what's that they say about "Liars, Damn Liars, and Statisticians...?" LOL He seems to have something against XMR or is just a BTC maximalist: https://twitter.com/dangermouse117/status/793075939483668482But cool charts anyway. I think if XMR was added to the 2014 data set, you'd see some even better results vs BTC. |
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Missing the "Click here to Contribute now" part  ? The funding process starts with a proposal. When it has gathered enough positive feedback, and any further questions clarified, then it is opened for donations. |
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Unfortunately, its not an entirely wrong train of thought.
Who needs to buy things anonymously? People buying drugs or weapons on the darknet.
Most average people will just pay for things with a credit card.
Until you give people the ease of use that a nice GUI, the ability to change fiat back and forth to a currency, and things like this,
you have to think- what are the reasons people will use this currency?
For now Monero, and even Bitcoin, haven't given us much reason to adopt them other than to invest, sit on your coins, and hope they accumulate value.
Those reasons are but a small example. Some people like to spend their XMR on completely legal items and services because they don't want their transactions and address balance being public for all to see. Consider also people living under oppressive regimes that need to transfer money for whatever reason, without disclosing their identity. Journalists, whistleblowers, etc. Businesses that don't want to have competitors analyzing their moves. I'm tired of catering to the average person. Let's be great, better than average. A GUI is an important tool, I agree. When the average person is ready, they will come. |
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I transfered hours ago and i still haven't received funds yet  Could you give a bit more details on what exactly happened? I tried to transfer 13 monero from my command wallet to bittrex. The transfer said successful but it's been 3 days and it still hasn't shown up in my bittrex wallet Did you send it with the payment ID bittrex gave you? no but i didn't last time either and it did go through by giving them my command wallet transaction id for that transaction, they will be able to push it through to Bittrex? Not sure how that would be possible. The payment id is how they distinguish your account/wallet from others. You need to open a support ticket and give them the txid. Thanks. Bittrex already has the 13 XMR, they haven't credited your account with the balance because without a payment ID, they don't know who to give it to. That's the reason for the payment ID. You will need to contact their support and provide the transaction ID and the amount you sent, then they can manually check their wallet and see that they received the XMR and then credit your balance. |
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If you believe Monero needs Marketing™ now is the time to show your support! The videos will make for good assets to help explain Monero to new users in a easy to understand way. |
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...
ZEC will not even have full rewards for 30+ days. I think trying to price it currently is impossible. Give it a few weeks and I bet it has a pretty large market cap (not that I really judge coins by that).
In a few months maybe. My initial thought was 6 - 9 months. What I did not take into account was the horrid combination of a very sophisticated marketing campaign with the ultra slow initial emission. What this has done is hurt Zcash; however it has not changed the reality that ZCash is not a real competitor to Monero until it can muster a valid market capitalization based upon a realistic valuation of the individual tokens. In the meantime a lot can happen with Monero. All that matters is the hype and marketing. No one really uses alt coins for anything other than speculation. It will be interesting to watch either way! I use Monero in just about every instance that I can (spend it using XMR.to), because I value the additional privacy benefits. I don't like the spying that banks and BTC companies do on your purchasing habits. This is a real world use case, right now. I agree there are a lot of people just speculating, but it's not everyone. |
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My short term outlook is negative. There is a somewhat likely scenario that XMR does not have positive news, 0.01 is tested and fails, and BTC continues to look good. In this case, nothing is preventing testing 0.004. That one will hold Risto, Can you clarify "XMR does not have positive news"? Is the bad news that XMR is in a downward trend looking for its floor or is the bad news more sinister such a security breach or major delay in releasing new code? I agree that I see no reason for XMR to not drop back to 0.004. Thanks, I don't think he implied any "bad news", rather that there may be a short term lack of "good news" - you know, stuff that makes people with short attention span buy and then post the news links in the trollbox. Personally I disagree, there is so much good news that could happen any day. |
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I hate to say it but I think monero may actually be better than zcash but I still have a few questions. My problem is with the zcash trusted setup, but back to that later. First a question about monero. So monero has a invisible blockchain as do all cryptonote coins. But what if Alice sends bob $100 in monero and bob claims he never got it? Since xmr does not have a transparent blockchain (btc, etc) to publicly audit I guess Alice would send bob the wallet viewkey right? What if a 3rd party (ebay, etc) needed to review the dispute, Alice would just send them the viewkey too, right? What if bob or the 3rd party published the viewkey on the internet, Wouldn't everyone be able to see the transaction and wouldn't everyone be able to see all the wallet addresses or transactions? Thanks If so, is the same true of zcash? There is a viewkey for your wallet and individual viewkeys for each transaction. If Alice sends Bob 100 XMR and Bob says he never got it, Alice can prove it using the transaction id, the transaction viewkey, and the public XMR address of Bob. Here is a tool to do so: http://xmr.llcoins.net/checktx.html(somebody correct me if i am wrong) |
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