I am considering getting a Trezor. I have little interest in BTC at the moment (though multi-coin capability may be handy), so this would be based on the expectation that XMR compatible Trezor firmware will be fully functional going forward. Reasonable assumption?
Q
It already works  http://weuse.cash/2016/03/07/trezor-for-monero-first-impressions/Just consider it beta until it's merged with the official Trezor firmware  Yeah, I guess I mean is it a good bet that this will get official. I would be looking to use this for more than testing. Not really sure how bg a deal the viewkey transmission is. Anyway, I prefer the idea of Trezor to paper wallets, so I hope it happens. Thanks to NoodleDoodle for doing the groundwork on this. Q There is a guide/example here: "Generate simplewallet based on MyMonero 13 word mnemonic seed"https://github.com/moneroexamples/mymonero-simplewallet |
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Destroying your printer is a little extreme in my opinion. As long as the printer is still in your possession, you can be comfortable. In fact the older the printer, probably the better. There's just a chance that on some newer printers, printed files are stored in memory or HD. So to be entirely sure, don't give the printer away if you still have funds stored on the wallets printed by it. If you get a new printer and want to dispose of the old one, then destroy it. Even better, don't use a printer at all. Just write out the mnemonic seed, that's what it's for. Plus I have no idea how many viruses/malware I might have on my computer because it's a pretty old one that has seen better days.. (2005-2006ish XP). This is the more important thing. If you boot from a live CD such as Tails to generate a cold storage wallet, you can be certain no malware is monitoring your activity, and no data is being stored on persistent media (HDD). Well I just bought a cheap USB that I was going to download Ubuntu too and upload that as my new operating system, but maybe if I just test it out first and the first thing I do is go on moneroaddress, disconnect from the Internet, then write down everything and store it away I'll be good? Going to quote myself again, but why not try this guide? https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/The guide ensures that the only way your coins can get stolen is physical access, which is extremely rare. It might take you a few hours to get familiar and comfortable with, but in the end it brings ease to the mind. |
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I have coins stored on wallets created with mymonero.com. Are they less secure than a paper wallet created with moneroaddress.org?
Unfortunately yes, fluffypony discourages storing any relatively large amounts there because webwallets always bring an additional layer of risk. Therefore, I would recommend to use https://moneroaddress.org to create a paper wallet. Alternatively, if you are fairly paranoid, use this guide: https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/The guide ensures that the only way your coins can get stolen is physical access, which is extremely rare. It might take you a few hours to get familiar and comfortable with, but in the end it brings ease to the mind. I took your advise on the paper wallet dEBUYNE. Said this before but thanks again. You've been very helpful on this forum and to the XMR community. Edit: Along with many others. My background is more finance based. Most of the technical crypto discussions goes way over my head. Really appreciate all of the knowledgable community members great advice You're welcome. I am glad I can help you and others out :-) |
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I have coins stored on wallets created with mymonero.com. Are they less secure than a paper wallet created with moneroaddress.org?
Unfortunately yes, fluffypony discourages storing any relatively large amounts there because webwallets always bring an additional layer of risk. Therefore, I would recommend to use https://moneroaddress.org to create a paper wallet. Alternatively, if you are fairly paranoid, use this guide: https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/The guide ensures that the only way your coins can get stolen is physical access, which is extremely rare. It might take you a few hours to get familiar and comfortable with, but in the end it brings ease to the mind. |
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I'm also waiting for a GUI before moving coins off exchange. If there's a gui integration with trezorwallet that would be even better.
Just do a paperwallet. Easy and secure, available now. How do I scan my paper wallet into a wallet to send coins directly from there like I do with Bitcoin paper wallets and mycelium? You can't do offline/cold wallet transaction signing like in Bitcoin yet. The code is there, but not finalized/merged yet. See: https://github.com/moneromooo-monero/bitmonero/commit/3c44e9fb6c1b57852d37780414ed6e42afc19afbHowever, you can restore your paper wallet with simplewallet or alternatively MyMonero. |
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I'm also waiting for a GUI before moving coins off exchange. If there's a gui integration with trezorwallet that would be even better.
Just do a paperwallet. Easy and secure, available now. But should you want to cash them in for whatever reason (e.g. trade), you need the wallet to do so? (Does the Android wallet allow for imports?) By the time you want to cash them in the GUI is probably already released :-P This guide might benefit you by the way: https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/ |
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Certainly there is interest here. I think XMR is looking like a solid alt in many early adopters minds. When the GUI is out I think more will step on board and then we will have a more reasonable valuation. The GUI could greatly serve traders (especially the Alt-agnostic ones) in at least easily and temporarily getting their XMR safely of the exchanges. That is I think one clear example of where the GUI really adds value to the adoption and usage of Monero. On top of that it provides storage for the ones who aren't comfortable with a CLI wallet. |
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bitjedi, as i posted a few pages back - should we actually go to something like .035 BTC (like ETH has done), these movements will barely be visible on the chart. They will be a pebble on the road. And I think we will eventually go to that level and higher.
On a log scale they will probably still be fairly visible. |
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bitjedi, as i posted a few pages back - should we actually go to something like .035 BTC (like ETH has done), these movements will barely be visible on the chart. They will be a pebble on the road. And I think we will eventually go to that level and higher.
Yes... baby steps. I actually don't want the market to go too high too fast. The volatility kills adoption. But, on the flip side. If XMR is worth more, maybe the community can pay the devs and fund more projects too. I just dipped my toes into XMR, and hold mostly XBT after selling my ETH in this rally. Depends on how that "worth more" is achieved. If it is mostly gradual it is a good thing. However, in ETH's case (which grew way to fast imo) the bubble will likely pop soon and there will be a boatload of new bagholders which results in a toxic community. Same happened at BTC after the 2013 bubble. |
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I've been paralyzed over the last week or more due to the lack of a USD/XMR pair.
Honestly, I don't want to buy XBT at $415 just to use it to buy XMR. It's stupid, I know, but I've been waiting for a dip to $390 or so to buy XBT, just so I can move it over to Polo to buy XMR.
What the hell is wrong with me? Shouldn't I just look at XBT as the medium through which I'd be buying XMR at $1.17? My $1000 still would buy me 855 XMR. I guess I have this notion of waiting to buy XBT at 390, then picking up XMR at .0027, thereby paying $1.05 per XMR. But that may not happen, right? RIGHT?
I mean, it doesn't REALLY matter if XBT goes up or down, I think, when considering this.
Somebody help me overcome my paralysis with some analysis. Please. My XMR holdings are also once again above-water, which is a mental change, as anytime I'd added in the last year, I was lowering my average. Now I'd be raising it.
If you merely want to buy XMR I wouldn't pay attention at all to the XBT price. The one thing I would look out for is the conversion fees (i.e. USD => XBT => XMR). The least fees will likely be incurred using Coinbase/Circle first and subsequently Poloniex. |
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So will the new GUI wallet have a feature that generates a payment ID and also will you be able to generate view keys?
I think it won't be that difficult to "visualize" the commands from simplewallet. |
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I'm thinking maybe a maximum of 7 more days sideways/down with a low between .0024 and .0020 and then another explosive wave up.
I think there are a lot of people here who would love to buy more XMR at prices between .0024 and .0020 There is a decent chance we may not go that low ever again. There is some serious competition for anything below .0025 I'm going to take my own advice, and stagger some bids down to that level, see what develops. Yeah the zone a bit below that is a strong support zone, see:  (screen is from a few days ago) |
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So will the new GUI wallet have a feature that generates a payment ID and also will you be able to generate view keys?
You mean a viewkey per transaction, so the concept of selective audibility is possible? Strictly speaking that would be called the tx-key :-P |
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Hello, Guys,
I'm looking for major XMR holders for the purpose of doing OTC(over the counter) deals to acquire this currency without moving market prices at exchanges.
I'll start buying April/May on behalf of my clients and continue to do so for at least a year.
If you are interested, send me a pm or an email, with these details:
Minimum amount i could buy from you, maximum amount i could buy in one operation, your preferred payment method and how to get in touch with you.
You probably have better luck asking in our speculation thread: https://bitcointalk.org/index.php?topic=753252.14840There is also #monero-otc on freenode. |
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Yes and yes. The guide I made (big thanks to GingerAle also for the vids + descriptions) basically ensures that the only way your coins could get stolen is physical access, which is extremely rare. I should clarify that I think it is only acceptable for holding a decent stash if you use the guide's method. This is my opinion though and the guide is kind of for extreme paranoia, but better safe than sorry. |
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Does monero have multisig? It will be implemented in the foreseeable future. See section 4.4 of this paper: https://lab.getmonero.org/pubs/MRL-0005.pdfAlso note that: An expanded writeup of the ring-multisignature is in the works. |
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