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2121  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 28, 2016, 12:16:04 PM
There is not yet a site for monero paper wallet generator. But we can have such a site by slightly modifying mymonero.com.

Try this site: https://moneroaddress.org/

You can save that page and use offline.



Well that is i great site. How long has it been alive? There is more words in mnemonic seed than mymonero.com creates. Is this a new feature of monero or the site?

It has been online for quite some time now, I think 6-8 months. Simplewallet and Moneroaddress both use 25 words mnemonic seeds, whereas MyMonero uses 13 words mnemonic seeds. You can read a bit more about it here -> http://xmrtests.llcoins.net/addresstests.html

See "How Cryptonote Addresses Are Created".
2122  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 28, 2016, 03:31:48 AM
...

[2] If I recall correctly, the creator of the genesis block holds some kind of masterkey. As a result, you have to trust this person. Even if this key was held by a group, you still have to trust that particular group. In addition, you have to trust the program they run to create the Genesis block (the masterkey could be in there)....

Thanks a ton DeBruyne! I've been doing too much skimming and really had no interest in it until just now. AND the bolded is all I need to know to stay FAR FAR away.

I think it is the latter now though. The trusted setup works such that you only have to trust that one person is honest. In other words, all participants of the initial setup have to collaborate with eachother. However, since this "masterkey" can create an unlimited amount of coins and there is no way to see if any additional coins were created in Zerocash, they got an incentive to do so.

What stops them from collaborating and creating additional coins for their own benefit?

No one would notice if they did so, but it would certainly dupe all other investors.
2123  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 28, 2016, 03:13:13 AM
...

If I recall correctly there will not be an ICO you will have to mine them or buy them. There is to be an 11% devtax on mined coins. Somewhat off topic here though.

I would like to hear a comparison of the z-cash and monero. what are the benefits and tradeoffs of the two? I have not spent any time looking into it but I'm sure others in this community have so can someone give us a synopsis if this is a threat as it sounds like it tries to fill the same market space as XMR.

I'll just quote myself again:

Relevant post of Monero vs Zcash. There was also a discussion on reddit, most of it is the same though.

https://www.reddit.com/r/Monero/comments/41vg68/monero_vs_zcash_eli5_fundamental_differences

Also, st0at check the last quote where IP obfuscation is mentioned.


I'll just copy my reddit comment here:

I've made this list earlier:

List of possible pitfalls wrt ZeroCash/ZeroCoin:

[1] If ZeroCash/ZeroCoin is launched on behalf of a company, which seems the case here, the company can be given a gag order (e.g. to add a line of malicious code).

[2] If I recall correctly, the creator of the genesis block holds some kind of masterkey. As a result, you have to trust this person. Even if this key was held by a group, you still have to trust that particular group. In addition, you have to trust the program they run to create the Genesis block (the masterkey could be in there).

[3] It's too opaque in my opinion. If a bug existed that would create additional coins, there is no way you would see it.

[4] The math and cryptography backing it isn't peer reviewed yet and in an infancy stage.

[1] seems to be confirmed. They will be launching as a for profit company, see:

Quote
For its first four years online, a portion of every mined Zcash coin will go directly to Wilcox’s Zcash company

This could also invoke some legal issues, since they are basically not a decentralid currency and bear in mind they are **US** based (http://www.bizapedia.com/de/THE-ZEROCOIN-ELECTRIC-COIN-COMPANY-LLC.html). Just remember what happened with Ripple.

Basically, with Ring Confidential Transactions included in Monero it's basically pepsi vs coke (thanks to u/smooth_xmr for this analogy), where both have their advantages and disadvantages.

P.S. They are currently only on testnet, the "real-version" is at least 6 months away.

P.P.S. It seems like they transactions are also quit inefficient compared to Monero's. See this description on how to get from the basecoins (the transparent ones) to the zerocoins (anonymous ones):

Quote
This operation (called a pour) might take a minute or two depending on your hardware. It is producing a zero-knowledge proof. (This operation's performance will be improved in the coming months.)

Shen Noether (aka NobleSir), who is obviously more knowledgeable about this subject than me, also made a comparison on reddit:

Quote
I've done a little bit of comparison in the Ring CT paper / you can also look here for some facts on zcash- there are a few I've seen so far

[1] Setup: Monero (Trustless) vs Zerocash (Must Trust zcash company)

[2] Proof Generation: Monero (100's second ) vs Zcash (1/minute)

[3] Algorithm auditability: Monero (a decent number of people seem to understand ring signatures and confidential transactions) vs Zerocash (I'm not sure how many people actually understand the proofs besides the small group of authors) - although this point is certainly subjective.

[4] Poison-pill attack vulnerability: Monero (attacker would need 51%) vs Zerocash Vulnerable, (see zerocash extended paper section 6.4

[5] Anonymity set: Monero (although the zcash proponents note that a ring signature is a "smaller" anonymity set, they usually don't mention that the stealth address factor actually means that each transaction is masked, whereas the ring signatures provide additional plausible liability, furthermore, since keys appear in different ring signatures in different blocks in time, the anonymity set for when a given key is spent grows infinitely, and could eventually grow larger than the zcash anonymity set at any fixed instant in time) vs Zcash (anonymity set is the entire blockchain )

[6]Anonymous Multisig: Monero (yes! see "written up" link on ring ct sticky, this could make things like lightning potentially possible ) vs Zerocash (?)

[7] Mining: Monero (has it's own strongly decentralized mining process) vs Zerocash protocol from the paper lacks it's own mining (it's essentially just a distributed anonymous database), so there must be another coin which is mined to convert to zerocash tokens

--note that point 4. is an actual potential compromise of anonymity, which contradicts some of the statements the zerocash team has made.
.
Other Differences are slight: Slight differences in transaction size - however Monero transactions should end up being a bit larger when transmitted, but cost less in terms of storage (their eventual block-chain cost will be approximately 32 bytes* (n+1) where n is mixin + epsilon, where epsilon is the current tx size - ring signatures (Note in the recent Ring CT drafts, there is pruning mentioned for the range proofs, see the "written up" link)


https://www.reddit.com/r/Monero/comments/41vg68/monero_vs_zcash_eli5_fundamental_differences/cz63pqw

And:

TPTB_need_war has repeatedly been stating that Zerocash does not need IP obfuscation and therefore is not subject to I2P/TOR, which are, in his opinion, flawed.

However, it seems like Zerocash actually needs IP obfuscation as well and they seem to go with TOR, see -> https://twitter.com/ioerror/status/689958030859960321

I took out this excerpt from the discussion in this thread -> https://bitcointalk.org/index.php?topic=1139756.msg13623846#msg13623846 (starting point).

Look way back in 2014 when you launched Monero, I told you smooth and fluffypony that IP address correlation was the weakness. Fluffypony proceed to try to integrate I2P. I warned you all many times that was not an adequate direction. But you wouldn't listen.

I2P, and even somewhat Tor, is perceived as adequate by 99% of the market. The remaining 1% may be smarter but isn't obviously much of a market at all. Very niche-y.

By the speculators because they are clueless.

But the corporations do not use darknets. They want privacy on the block chain, like we have disk encryption. Mention dark nets, illegal drug trade, etc, and they won't touch it with a 100 foot pole.

I would guess that many corporations do use Tor now for certain things. I2P will be integrated and invisible. No one will know or care how it works, except that the obvious network level vulnerabilities having to do with broadcasting transactions will be removed, and it will pass routine (though not intelligence agency level) technical muster for being private sufficient to satisfy most of the market. That's my opinion, and you are welcome to disagree.

Zerocash still needs IP obfuscation for a lot of private usages in practice too. They acknowledge it in the paper.

Zerocash does not need IP obfuscation when all the transactions are in the private zerocoins. Cite the section of the paper. I think you must be misunderstanding something. You are probably conflating the use of the regular non-anonymous coins mentioned in the paper.

Here you are making excuses again. Corporations are not going to trust unprovable shit. And moreover, mixnets are always vulnerable to flood attacks. They are very, very unreliable. Not only do I disagree, but I also think you are ignoring basic fundamental realities about the technologies.

Edit: arguing for Tor/I2P is akin to arguing for Dash's off chain mixing. Now look in the mirror and remember your arguments for End-to-End Principled ring sigs (versus off chain mixing) and realize the same logic applies to why Zerocash is superior to using off chain mixnets. Hypocrite.

Edit#2: okay I see the section you are referring to:

Quote
6.4 Additional anonymity considerations
Zerocash only anonymizes the transaction ledger. Network trac used to announce transactions,
retrieve blocks, and contact merchants still leaks identifying information (e.g., IP addresses). Thus
users need some anonymity network to safely use Zerocash. The most obvious way to do this is
via Tor [DMS04]. Given that Zerocash transactions are not low latency themselves, Mixnets (e.g.,
Mixminion [DDM03]) are also a viable way to add anonymity (and one that, unlike Tor, is not as
vulnerable to trac analysis). Using mixnets that provide email-like functionality has the added
bene t of providing an out-of-band noti cation mechanism that can replace
Receive
.
Additionally, although in theory all users have a single view of the block chain, a powerful
attacker could potentially fabricate an additional block
solely
for a targeted user. Spending any
coins with respect to the updated Merkle tree in this \poison-pill" block will uniquely identify the
targeted user. To mitigate such attacks, users should check with trusted peers their view of the
block chain and, for sensitive transactions, only spend coins relative to blocks further back in the
ledger (since creating the illusion for multiple blocks is far harder).

I will need to understand this attack better. Seems to me they are saying that you need to spend from a block where your pour transaction was the only transaction in the block. But the user would I think know this and thus not spend the coin any more. Thus I believe the anonymity remains provable without the use of any mixnet. I will need to understand this more deeply to be sure.

Bear in mind that I2P will be integrated in Monero, but you can always choose to run Monero over TOR if you want.
2124  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 28, 2016, 12:43:53 AM
@Arux, great job! Did you know the code for restoring a MyMonero seed was already up on Github? (not merged however)

Perhaps you could take a look at it and merge it with your code such that it becomes bugfree.

Quote
The code to add support for MyMonero derivation to simplewallet was already written a year ago: https://github.com/warptangent/bitmonero/commit/35b1500536a98e02ea459ca6ccb42e8248de43a8
2125  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 27, 2016, 10:43:42 PM
Hey guys, a bit of topic. But I was figuring out when Zcash will launch and how to get them, but couldn't find anything. Somebody maybe knows this? Thanks a lot!

There is no specific date yet, Zooko approximated a launch in 6 months from now. However, there is always a possibility that it gets postponed. Also, bear in mind that it's currently only available on testnet.
2126  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero Support on: January 27, 2016, 06:45:34 PM
Is there a bitmonerod command (Windows), like with Bitcoin Core, to have the Monero blockchain stored in a different file location?
I would like to store the Monero blockchain on my D drive instead of the C drive with limited space.

Quote
You can also store Bitcoin data files in any other drive or folder.

If you have already downloaded the data then you will have to move the data to the new folder. If you want to store them in D:\BitcoinData then click on "Properties" of a shortcut to bitcoin-qt.exe and add -datadir=D:\BitcoinData at the end as an example:

"C:\Program Files (x86)\Bitcoin\bitcoin-qt.exe" -datadir=d:\BitcoinData
Start Bitcoin, now you will see all the files are created in the new data directory.



From reddit: (someone asked something similiar a few days ago)

Quote
yes, bitmonerod does have this feature for specifying where you want the blockhain. i'm not sure on the default dir as i'm a osx/linux user. launch bitmonerod with --data-dir /path/to/whereyouwantblockchaintogo
2127  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: January 27, 2016, 04:58:45 PM

There is a more simple answer, namely Chinese pumping literally everything that is in their reach.

Check -> https://bitcointalk.org/index.php?topic=1341729.msg13684861#msg13684861

And compare on CMC with the gains.

Those piecharts will also show that DASH (and XMR as well) barely have any Chinese volume, so are kind of left out of the "pump".

Can those charts really be true? Look at Bitcoin. China has more than that percentage of BTC volume, hasn`t it?

Depends, I am not sure if he took zero-fee exchanges out. That could explain the difference.
2128  Alternate cryptocurrencies / Altcoin Discussion / Re: Thoughts on Zcash? on: January 27, 2016, 02:10:37 PM
Relevant post of Monero vs Zcash. There was also a discussion on reddit, most of it is the same though.

https://www.reddit.com/r/Monero/comments/41vg68/monero_vs_zcash_eli5_fundamental_differences

Also, st0at check the last quote where IP obfuscation is mentioned.


I'll just copy my reddit comment here:

I've made this list earlier:

List of possible pitfalls wrt ZeroCash/ZeroCoin:

[1] If ZeroCash/ZeroCoin is launched on behalf of a company, which seems the case here, the company can be given a gag order (e.g. to add a line of malicious code).

[2] If I recall correctly, the creator of the genesis block holds some kind of masterkey. As a result, you have to trust this person. Even if this key was held by a group, you still have to trust that particular group. In addition, you have to trust the program they run to create the Genesis block (the masterkey could be in there).

[3] It's too opaque in my opinion. If a bug existed that would create additional coins, there is no way you would see it.

[4] The math and cryptography backing it isn't peer reviewed yet and in an infancy stage.

[1] seems to be confirmed. They will be launching as a for profit company, see:

Quote
For its first four years online, a portion of every mined Zcash coin will go directly to Wilcox’s Zcash company

This could also invoke some legal issues, since they are basically not a decentralid currency and bear in mind they are **US** based (http://www.bizapedia.com/de/THE-ZEROCOIN-ELECTRIC-COIN-COMPANY-LLC.html). Just remember what happened with Ripple.

Basically, with Ring Confidential Transactions included in Monero it's basically pepsi vs coke (thanks to u/smooth_xmr for this analogy), where both have their advantages and disadvantages.

P.S. They are currently only on testnet, the "real-version" is at least 6 months away.

P.P.S. It seems like they transactions are also quit inefficient compared to Monero's. See this description on how to get from the basecoins (the transparent ones) to the zerocoins (anonymous ones):

Quote
This operation (called a pour) might take a minute or two depending on your hardware. It is producing a zero-knowledge proof. (This operation's performance will be improved in the coming months.)

Shen Noether (aka NobleSir), who is obviously more knowledgeable about this subject than me, also made a comparison on reddit:

Quote
I've done a little bit of comparison in the Ring CT paper / you can also look here for some facts on zcash- there are a few I've seen so far

[1] Setup: Monero (Trustless) vs Zerocash (Must Trust zcash company)

[2] Proof Generation: Monero (100's second ) vs Zcash (1/minute)

[3] Algorithm auditability: Monero (a decent number of people seem to understand ring signatures and confidential transactions) vs Zerocash (I'm not sure how many people actually understand the proofs besides the small group of authors) - although this point is certainly subjective.

[4] Poison-pill attack vulnerability: Monero (attacker would need 51%) vs Zerocash Vulnerable, (see zerocash extended paper section 6.4

[5] Anonymity set: Monero (although the zcash proponents note that a ring signature is a "smaller" anonymity set, they usually don't mention that the stealth address factor actually means that each transaction is masked, whereas the ring signatures provide additional plausible liability, furthermore, since keys appear in different ring signatures in different blocks in time, the anonymity set for when a given key is spent grows infinitely, and could eventually grow larger than the zcash anonymity set at any fixed instant in time) vs Zcash (anonymity set is the entire blockchain )

[6]Anonymous Multisig: Monero (yes! see "written up" link on ring ct sticky, this could make things like lightning potentially possible ) vs Zerocash (?)

[7] Mining: Monero (has it's own strongly decentralized mining process) vs Zerocash protocol from the paper lacks it's own mining (it's essentially just a distributed anonymous database), so there must be another coin which is mined to convert to zerocash tokens

--note that point 4. is an actual potential compromise of anonymity, which contradicts some of the statements the zerocash team has made.
.
Other Differences are slight: Slight differences in transaction size - however Monero transactions should end up being a bit larger when transmitted, but cost less in terms of storage (their eventual block-chain cost will be approximately 32 bytes* (n+1) where n is mixin + epsilon, where epsilon is the current tx size - ring signatures (Note in the recent Ring CT drafts, there is pruning mentioned for the range proofs, see the "written up" link)


https://www.reddit.com/r/Monero/comments/41vg68/monero_vs_zcash_eli5_fundamental_differences/cz63pqw

And:

TPTB_need_war has repeatedly been stating that Zerocash does not need IP obfuscation and therefore is not subject to I2P/TOR, which are, in his opinion, flawed.

However, it seems like Zerocash actually needs IP obfuscation as well and they seem to go with TOR, see -> https://twitter.com/ioerror/status/689958030859960321

I took out this excerpt from the discussion in this thread -> https://bitcointalk.org/index.php?topic=1139756.msg13623846#msg13623846 (starting point).

Look way back in 2014 when you launched Monero, I told you smooth and fluffypony that IP address correlation was the weakness. Fluffypony proceed to try to integrate I2P. I warned you all many times that was not an adequate direction. But you wouldn't listen.

I2P, and even somewhat Tor, is perceived as adequate by 99% of the market. The remaining 1% may be smarter but isn't obviously much of a market at all. Very niche-y.

By the speculators because they are clueless.

But the corporations do not use darknets. They want privacy on the block chain, like we have disk encryption. Mention dark nets, illegal drug trade, etc, and they won't touch it with a 100 foot pole.

I would guess that many corporations do use Tor now for certain things. I2P will be integrated and invisible. No one will know or care how it works, except that the obvious network level vulnerabilities having to do with broadcasting transactions will be removed, and it will pass routine (though not intelligence agency level) technical muster for being private sufficient to satisfy most of the market. That's my opinion, and you are welcome to disagree.

Zerocash still needs IP obfuscation for a lot of private usages in practice too. They acknowledge it in the paper.

Zerocash does not need IP obfuscation when all the transactions are in the private zerocoins. Cite the section of the paper. I think you must be misunderstanding something. You are probably conflating the use of the regular non-anonymous coins mentioned in the paper.

Here you are making excuses again. Corporations are not going to trust unprovable shit. And moreover, mixnets are always vulnerable to flood attacks. They are very, very unreliable. Not only do I disagree, but I also think you are ignoring basic fundamental realities about the technologies.

Edit: arguing for Tor/I2P is akin to arguing for Dash's off chain mixing. Now look in the mirror and remember your arguments for End-to-End Principled ring sigs (versus off chain mixing) and realize the same logic applies to why Zerocash is superior to using off chain mixnets. Hypocrite.

Edit#2: okay I see the section you are referring to:

Quote
6.4 Additional anonymity considerations
Zerocash only anonymizes the transaction ledger. Network trac used to announce transactions,
retrieve blocks, and contact merchants still leaks identifying information (e.g., IP addresses). Thus
users need some anonymity network to safely use Zerocash. The most obvious way to do this is
via Tor [DMS04]. Given that Zerocash transactions are not low latency themselves, Mixnets (e.g.,
Mixminion [DDM03]) are also a viable way to add anonymity (and one that, unlike Tor, is not as
vulnerable to trac analysis). Using mixnets that provide email-like functionality has the added
bene t of providing an out-of-band noti cation mechanism that can replace
Receive
.
Additionally, although in theory all users have a single view of the block chain, a powerful
attacker could potentially fabricate an additional block
solely
for a targeted user. Spending any
coins with respect to the updated Merkle tree in this \poison-pill" block will uniquely identify the
targeted user. To mitigate such attacks, users should check with trusted peers their view of the
block chain and, for sensitive transactions, only spend coins relative to blocks further back in the
ledger (since creating the illusion for multiple blocks is far harder).

I will need to understand this attack better. Seems to me they are saying that you need to spend from a block where your pour transaction was the only transaction in the block. But the user would I think know this and thus not spend the coin any more. Thus I believe the anonymity remains provable without the use of any mixnet. I will need to understand this more deeply to be sure.

Bear in mind that I2P will be integrated in Monero, but you can always choose to run Monero over TOR if you want.
2129  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: January 27, 2016, 12:59:22 PM

The whole altcoin market seems to be going through a shake-up.

Investment spilling into all kinds of nooks and crannies. Dogue market cap seems to have blown Dash away. It was behind and now suddenly it's double.

VPN coin's got £3M dollar volume. Factom's got $2M. Etherium a whopping $12M.

What's going on ? People run out of patience with Bitcoin's screwing around with blocksize ?



There is a more simple answer, namely Chinese pumping literally everything that is in their reach.

Check -> https://bitcointalk.org/index.php?topic=1341729.msg13684861#msg13684861

And compare on CMC with the gains.

Those piecharts will also show that DASH (and XMR as well) barely have any Chinese volume, so are kind of left out of the "pump".
2130  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 27, 2016, 12:39:48 PM
Shorts are out in force today.

They're borrowing about 3,000 XMR from me.  Probably the ones at 0.00144.

I'd guess a total of 12k are being lent ATM.

If anybody wants to squeeze them, LMK and I'll pull my the rest of my coins off the lending and Sell markets.   Cool

Looking at the 3 min, seems like a lot of dumping last night and a lot of asks placed lower. Bid side is a bit damaged, hopefully it will recover (perhaps some bids are riding on another pump). Thus far we managed to hold the support at the lower 140ks.
2131  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 26, 2016, 09:52:27 PM
Major announcement from NobleSir. RingCT library is ready for testing!

https://twitter.com/XMRpromotions/status/692096697493639169

Direct links:

Ring CT Crypto library ready for testing!

https://github.com/ShenNoether/RingCT

https://www.reddit.com/r/Monero/comments/42tpcd/ring_ct_crypto_library_ready_for_testing/
2132  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 26, 2016, 09:51:49 PM
Ring CT Crypto library ready for testing!

https://github.com/ShenNoether/RingCT

https://www.reddit.com/r/Monero/comments/42tpcd/ring_ct_crypto_library_ready_for_testing/
2133  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 26, 2016, 07:54:05 PM
Liquidity seems to drop.
At some point bids were around BTC 360 if I am not mistaken.
Now "mere" BTC 180.
No reason to worry of the size but the trend certainly is wrong. I hope there are more BTCs waiting in the shadows.

Some BTCs (bids) might be removed to jump on one of the alt rallies today, they might be back later.

Also, that 167-168k resistance is pretty tough, so it might take a few tries (and subsequent retraces) before we blow through it.
2134  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 26, 2016, 03:29:39 PM
Alright guys, time for someone to step up and blast us through the resistance at 167k. 22k xmr is all it takes Cheesy

See you at the next stop @ 175k.

If it manages to break through 167-168k I could see us going to 200k, nearly no resistance after that. Perhaps 180-185k.

Also, 4h and 6h MACDs are bound to flip to green.
2135  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 25, 2016, 09:43:45 PM
Am I missing something? How is cash digital?


Wire transfer, interact transfer, visa, etc.  You can transfer fiat electronically in many ways however none of them are decentralized.



Nor private.

IMO that diagram is confusing: Fiat money can't be digital and private at the same time, it can be private only in the form of cash, which is not digital.

It works fine if you just remove the dollar bills from the "digital" circle and only put them in the "private" circle.
2136  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 25, 2016, 09:28:49 PM
The longer it takes to get more btc chasing after Moneros the lower the price goes. Monero cannot sustain a stable price for a long period of time.
Monero has gravity towards 0 and it needs contantly external forces to give some speed to it if it is wanted to land on the Moon.

And no, I am not trading, I am only doing my best to lend some of my Moneros on the lending markets but it is hard job to do since there are very few people willing to take short positions. Shorters are good for Monero community and they help sustaining longer term growth because they need to cover their asses when the price starts falling like a hot potato.

Currently it is still a (healthy) retrace. It also retraced pretty sharp when we peaked at 145k initially. Thus, I would say give it a few days (might be somewhat longer) and make a new assesment.
2137  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: January 25, 2016, 11:25:34 AM
I'll be honest, I am embarrassed to read DASH had a bikini girl at the latest conference.
Who ever made that decision should think about perception. I did not invest in shooters coin.

Agreed, as much as I like hot bikini girls....it didn't fit.  Maybe she made a few people look though.  Smiley

I didn't see anything like that in any if the photos of the booth.  I can't imagine that being sanctioned by the development team. I would want to see proof of this.  I saw pictures of their spouses in respectable attire only.

Someone's twitter showed her.
It was definitely not official. A community member took it upon himself to get this girl and have her hang out by the booth. It was quickly dealt with by conference staff, and other team members. Dash doesn't need to do these things, our innovation will do the talking.

EDIT: Here's the tweet in question:

https://twitter.com/fintechtrader/status/690261399205986305



I don't buy your assessment of the situation, are you an official information source who speaks on behalf of the DASH team?
Please take this down Tao, You are essentially spreading the FUD by posting that.

Aw, come on, one of our community members who lives in the area, who I won't name, brought his friend in who wore the bathing suit.  If you knew him, it's perfectly within his character, LOL.  The conference people did not approve and had her leave.  I don't think it lasted very long at all, and he's had his ears full of scolding off threads, so that's the end of that, and it's not really that big a deal, other than we didn't get a good picture of her Tongue  (I'm an old lady, and I'm not offended) They've used pretty girls in bikinis all my life to sell cars, so what the heck is it with everyone getting so damn prude in Miami of all places?  Whatever...!

You are right,  I don't know him. But I'm not likely to invest off the back of something he says or does either. I may formulate opinions based on what Andreas Antonopoulos says however. Which is how in the case I found out about the Bikini by the DASH machine.

Heres a study showing the negative impact on perception based on sex in advertising.

http://www.apa.org/pubs/journals/releases/bul-bul0000018.pdf

I've said my piece now, keep fighting the good fight.

Emit


Regarding bolded, he means this tweet -> https://twitter.com/aantonop/status/690558193731244032
2138  Alternate cryptocurrencies / Altcoin Discussion / Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin? on: January 24, 2016, 11:05:24 PM

Now what is really fucking amazing is that the link quoted above worked correctly a few days ago when I issued it. Apparently someone in the Monero thread communicated to Bittorrent folks and had the entire archive of the Bittorrent forum removed from the archive.org. I am not joking and I am not hallucinating.

What possible basis could do you have for such an accusation and how does the allegation relate to the topic of technology vs marketing?

Because I viewed the linked archived content (and saw the existence of the Bittorrent forum archive going back many years even before 2008) when I made the post in the Monero Speculation thread, and now as you can see the entire archive is gone. And that was only a few days ago. So the probability that the sudden removal of that archive did not result from me pointing out that Bittorrent is in bed together with the corruption of the Net Neutrality movement is approximately Nil.

I am not saying necessarily that any particular Monero community member was responsible for the removal of the archive. I am saying that someone who reads the Monero thread and/or who reads all my posts was responsible. And it is very likely that TPTB are watching very closely all my posts, because they understand (as do many astute readers) that I am one of the brighter minds on the forum who is very truly anarcho-Libertarian oriented and that I have the marketing skills to actually make something happen on a large scale.

However, TPTB shouldn't fear me, because I am not going to do anything illegal.

The most important point to take from the post I made is that Bittorrent is a political gimick used to fool the masses into submitting to taxation of the internet bandwidth via Net Neutrality. Bittorrent was never economic. It is a fraud and those who are stealing content deserve their fate by buying into an uneconomic lie.

And this pertains to the Technology vs. Marketing thread in the context of we are discussing whether potential markets and technology are viable. It makes no sense to state marketing or technology are important, if we don't understand how delusions about each can be foisted upon us. Also I was responding to an upthread post claiming that we can replace centralized social media with decentralized variants. And to address that possibility, I must talk about the foundational issue of decentralized file storage. That should have been obvious from the post (and its context) that you are reacting to.

Also for those who don't fully grasp my economics point, the point is that if we try to force ISPs to give away bandwidth for free, then we in effect socialize ISPs. And then the government can step in with Net Neutrality taxation to make it "fair" by compensating some ISPs for others or what (but in essence what we have done is attempted to steal and thus the government is called upon to take over and steal from all of us). We are fucking idiots!

For those can't deduce the implications, without stealing bandwidth by doing file transfers P2P (taking the expensive upload bandwidth that ISPs have statistically allocated for client-server model paradigms) then we can't have file storage that is resistant to regulation and thus we can't steal copyrighted content (as I explained in my prior post that hosting content on servers will be regulated by the hosting provider's Terms of Service). Afaik, the reason upload bandwidth is expensive for ISPs, is because telcom "last mile" technology is focused on maximizing download bandwidth for the client-server model of HTTP. It is a natural law of physics that you would not run a main line water/gas pipe from the substation to each home, instead use multifurcation from the main to progressively smaller diameter pipes.

P2P can not be a bandwidth driven paradigm! Fuhgeddaboudit.

Seems to be working no?

https://web.archive.org/web/*/forum.bittorrent.com


He is talking about the specific link he quoted, that isn't working anymore.
2139  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 24, 2016, 10:51:48 PM
I believe there is no reason not to have the mandatory notice on the bct announce page OP.

Those type of notices used to be in the title of the thread.

I understand it says "We are moving away from Bitcointalk" in the OP but still this is critical info.  This type of info used to be in the title of this thread.


It's not a mandatory update from 0.9, but it is a mandatory update from 0.8.x. A fresh sync with 0.9 works just fine, a lot of 0.9 nodes aren't on the bad fork any longer (longest chain rule), and the 1 or 2 nodes that still seem to (bizarrely) be stuck will figure out they need to update.

Re: the thread title, with the mandatory hard fork policy every update is mandatory. We can put the latest version in the title, but I'm not sure it's necessary to use the word mandatory - thoughts?

On reddit the thread titled "MANDATORY UPGRADE for everyone that is running v0.9.0 - Hydrogen Helix" is stickied so I assumed something like that should be noted here.

As far as going forward, I assume our constant hardfork policy is unique and I think each time a new hardfork comes out that the proper action required should be communicated as hopefully we will have new users each hardfork.  

Thank you for everything fluffypony Smiley

BTW I didn't win the lottery today but I collected enough cans and bottles for the next drawing Grin



I added the mandatory part to the thread because on the day itself it was kind of necessary for everyone to upgrade. After that, fluffypony stickied the thread and I can't change the topic title.

More info about the hard fork schedule: https://forum.getmonero.org/4/academic-and-technical/303/a-formal-approach-towards-better-hard-fork-management

I agree with smooth here btw.
2140  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 24, 2016, 02:31:23 PM
i share TC's view. bids are not strong enough so we can absorb dumps like that for long time. if they dont show up as bids again, price wont be able to hold support.
as long as they trade inside a range like normal shorters do, its fine. what we dont want is people cashing out and walking away. shorters always buy back and therefore providing liquidity on the bids sooner or later, helping build up support once they re enter.

what he said is something bullish in the end.

I agree with your comment.

In case I interpreted his comment wrong, I stand corrected. Anyway, I think that 30k dump was more of a one-of-a-kind type than the usual. Bids seem to be regaining strength now, so hopefully we can stay in this area and continue the uptrend soon.
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