i`M really annoyed of this fungibility problem that bitcoin has, we should resolve this fast or bitcoin can become an instrument of tyrrany in the future. It is what is is. Bitcoin is first generation blockchain ledger technology that both by design and by culture and precedent is highly resistant to change. Maybe that will be good enough to maintain its lead in the market or maybe not. One thing we can be almost certain will not happen is that it won't be resolved fast. Just look at how slow this blocksize issue is progressing. In my opinion, fungibility is a way bigger issue in comparison with blocksize. I'd rather have a fungible blockchain that is constraint by blocksize than vice versa. If you think the blocksize issue sparked a heated debate, you are in for a surpise once this issue will spark a debate. |
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Another update from ShenNoether (NobleSir) regarding Confidential Transactions (CT) for Monero: edit 12/15/2015: I'm starting to play around with some c/c++ stuff that will help me implement this thing for real - I'll probably take a couple weeks off for xmas holidays though starting next week, so expect no updates dec 17-jan 4 All updates & links are in this thread: https://www.reddit.com/r/Monero/comments/3pw30d/ringct_for_monero_updated_versions/Another one: edit 12/17/2015: I have updated the draft on eprint.iacr.org in response to some knock-off versions of this math showing up without citation. Link: http://eprint.iacr.org/2015/1098And another update: edit 1/6/2016: Coded a version of the MG sigs with improved readability. Next up is the c++ version. Link: https://github.com/ShenNoether/MiniNero/commit/a761fbf2bda5a4bf135ad4d48266aa9857c1e11bWe also had this interesting update last week: Section 4.4 can be found here -> https://www.overleaf.com/read/qzgytbyyxvyfInteresting comment from Shen about multisig yep - very likely will be implemented in conjunction with the ring ct stuff
Following the "written up" link in the Ring CT post, section 4.4 of the paper describes how to implement "Ring multisignature". Some of the other CryptoNote coins have multisig, but only with 0 mixin. Very nice work being done on the crypto front. So soon™ I guess? :-P |
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Another update from ShenNoether (NobleSir) regarding Confidential Transactions (CT) for Monero: edit 12/15/2015: I'm starting to play around with some c/c++ stuff that will help me implement this thing for real - I'll probably take a couple weeks off for xmas holidays though starting next week, so expect no updates dec 17-jan 4 All updates & links are in this thread: https://www.reddit.com/r/Monero/comments/3pw30d/ringct_for_monero_updated_versions/Another one: edit 12/17/2015: I have updated the draft on eprint.iacr.org in response to some knock-off versions of this math showing up without citation. Link: http://eprint.iacr.org/2015/1098And another update: edit 1/6/2016: Coded a version of the MG sigs with improved readability. Next up is the c++ version. Link: https://github.com/ShenNoether/MiniNero/commit/a761fbf2bda5a4bf135ad4d48266aa9857c1e11bWe also had this interesting update last week: Section 4.4 can be found here -> https://www.overleaf.com/read/qzgytbyyxvyfInteresting comment from Shen about multisig yep - very likely will be implemented in conjunction with the ring ct stuff
Following the "written up" link in the Ring CT post, section 4.4 of the paper describes how to implement "Ring multisignature". Some of the other CryptoNote coins have multisig, but only with 0 mixin. Very nice work being done on the crypto front. So soon™ I guess? :-P |
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100 votes, supporting ArticMine's proposal Also personally in favor of this one: Any remaining unclaimed funds after the 15 day period has elapsed shall be credited as follows:
Crypto Kingdom account MoneroHouse 50%
Crypto Kingdom account Town 50% Therefore, I shall not provide a withdrawal address nor a CK character. |
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I have to agree with smooth, that before we all start voting we should lay out some guidelines again (to refresh people's memory) and set a number of options. I am in favor of whatever is best for Monero's economy.
Rpietila, what about something donating a part of it to the Monero House character in CK?
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Before it is too late. If it is not too late already.
Unless Crypto Kingdom goes bust, XMR cannot go bust. Instead of going bust, CK has a target of 10,000 players by the end of 2016. Sir, what are the means/strategy to achieve this goal? I hope it is a legitimate goal, not a dream (without a good strategy and marketing it indeed is just a dream). I believe this is absolutely a legitimate goal but also interested in hearing more about the marketing plan. How will more users outside of the Monero community be introduced to the game? Until the GUI is done, the Official marketing schedule is limited to scoping and planning. Of course informal word-of-mouth stuff shall proceed apace, especially now the DB is done and the RAM req is reduced to <100MB. Who says so and why? With 0.9 unofficial GUIs should be quite alright - is there any problem I don't know about that is addressed by the official fancy GUI? I expect marketing an altcoin among those thousand altcoins to be a tough job anyway and it could see it's results only gradually. People not familiar with Bitcointalk would hardly invest anyway. No need to be hasty but be reasonable, keeping momentum. Waiting for perfection and a big pump seems fishy. Steep emission of coins and slow code development (improving a bad code is a though job) made quite a big damage already. Btw, the website still sucks big time if we strive for perfection.. Simply because people prefer an official fancy GUI over a third party GUI in the altcoin atmosphere. Also agree that keeping momentum is important. You know it is open source right? You can make a pull-request to adjust it to the way you like. I agree the website could be better and Rias also gave some proper feedback on how to improve it. However, most contributers don't have that much time and voluntary spend their spare time on working on Monero and I rather have them doing that on more important stuff than the website currently. |
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@medusa13, have you tried this already? (Doing both steps!) It may well be that your wallet's idea of what outputs are spent got out of sync with the blockchain. I believe there is a bug there. One thing you can try that's pretty fast (assuming you're running your own daemon):
- run simplewallet with --trusted-daemon
- in simplewallet, run: rescan_spent
You can also run this in the daemon:
print_pool_sh
If you see your tx, it means it's not being mined. In this case, the likely reason is that it's a double spend caused by the sync problem above.
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hi guys, still haveing some troubles with 0.9. after deleting .bin, the balance shown in simplewallet is now correct. but if i try to send funds, i get : 2016-Jan-03 23:26:54.722493 [RPC1]transaction with hash aab282164e86b322823fe99e9595fecce2505d0e322ad4dacfcaa24331f36bbd not found in db
2016-Jan-03 23:26:54.722493 [RPC1]Transaction with id= <aab282164e86b322823fe99e9595fecce2505d0e322ad4dacfcaa24331f36bbd> used already spent key images
2016-Jan-03 23:26:54.722493 [RPC1]Transaction verification failed: <aab282164e86b322823fe99e9595fecce2505d0e322ad4dacfcaa24331f36bbd> dont know what it is..is a trx of mine stuck in mempool? Doesn't appear to be in a block yet: http://moneroblocks.eu/search/aab282164e86b322823fe99e9595fecce2505d0e322ad4dacfcaa24331f36bbdthe trxid is just an example.. the problem is it says that its allready used..but its not. i want to empty this wallet but i can not make any transactions. sometimes i have success making small trx, but the big part is not moveable because of this. any ideas? I suggest contacting MoneroMooo or one of the other core-team members on IRC (#monero at freenode), they will probably be able to help you faster. |
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Regarding the quote. I'm not cryptographer, but Andersen said that this quote does not really make sense from the cryptographic point of view, and rather proves that Satoshi was not a cryptographer and had only high level knowledge of cryptography. Real cryptographers would never say something like this Source: https://www.youtube.com/watch?v=rQ3e1Pzu7iI&feature=youtu.be&t=748So not sure if this is really a quote that Monero want to use this quote from Satoshi, as apparently it has no sense. Indeed, to Gavin credit he doesn't say this quote does not make sense, but that this is the 101 of crypto. My understanding is that Gavin refers to the vague "informal" formulation in the quote, not to the meaning of it. The conclusion of Gavin just based on this poor formulation is really stretched though. The quote was actually a forum post so of course it's not formulated as a science paper. Worth mentioning that the post of Satoshi with that quote also mentions stealth addresses. In a way, all Monero is in there  https://bitcointalk.org/index.php?topic=770.msg9074#msg9074Please correct me if I am wrong, but this part of the post perfectly describes ring signatures: As an example, say some unpopular military attack has to be ordered, but nobody wants to go down in history as the one who ordered it. If 10 leaders have private keys, one of them could sign the order and you wouldn't know who did it. I think fluffypony used a somewhat similiar example in the LTB podcast about a company that had to make a controversial decision (something with the CEO, can't remember exactly). |
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And unfortunately, monero is not a store of value, it is transactional. Unless you think a perpetual emission magically prevents dilution. In 114 years there will be 36 million monero. And in 228 years there will be 54 million.
There will be no long term dilution because of lost coins. Eventually some equilibrium will be reached, probably around 35 million coins. Anyway, store of value doesn't mean a perfect store of value with no fluctuations or erosions in value whatsoever, and for Monero to function as any sort of store of value at all in a significant sense, or even to function transactionally, the value will need to increase a lot. 5 million USD market cap (or even 15 million if you project out to my estimate of long term supply) isn't going to cut it. The incentives for investing are there, as well as the risk that it doesn't function, interest is lost, and goes to zero. There will also be no long term dilution because of the extremely slow and tapering supply expansion. If this network somehow did survive 200 more years, how many people do you think would be using it? Do you think 58 million XMR would be nearly enough to support an economy of such scale? This is why I believe a fixed block reward was a poor decision vs exponential growth of the money supply. Our money supply isn't fixed like Bitcoin's, but we're still dying a slow death. The good news is it probably won't matter anyway, because better tech will most likely replace Monero long before then. However, if the average cryptouser starts caring about this minutia, we may see Monero fall out of favor to it's little brother, where last I heard, the plan was to incorporate an exponential rate of inflation. Regarding bolded, this may sound controversial, but we could always fork it to a higher amount if there is consensus on that it is too low. |
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Once I lost (luckily small amount of) Bintoin from address generated by some paperwallet site using 'brain wallet' shit option - custom phrase entered. So, in seconds after change from transaction went to that address it was withdrawn bo some clever bastard owner of 1LdUHTEVxWJhrhKfy4H3VuYDnTHQVjsdBn.
Therefore my question: is it safe to use custom entropy?
I'm afraid, human brain is not good at providing uncrackable one.
Upd.: Shit it was not small, - I could bought ONE monero for those satoshies. And they were stolen..
Generally not, just use the normal one. Custom entropies are risky and should only be used if you know what you are doing. |
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I have just re-synced from scratch the blockchain by new 0.9 release Win64 binaries. All things seem to be SUCCESS. Below I leave some number facts:
Total time to re-sync from scratch = 2h 25m
Maximum memory usage visible in standard Windows 7 task manager during re-sync = 60Mb
Overall Monero database files under c:\ProgramData\bitmonero = 7.6Gb
Simplewallet.exe have requested to import my wallet from old format - done instantly.
Note, 'refresh' command must be typed in simplewallet console to see up-to-date balance!
!!! MONERO DEVS CONGRATULATIONS !!!
I agree, the DEVS KICK ASS. I have also just synced the blockchain from scratch using ver0.9 binaries released for Win64. All seems to be a SUCCESS for me as well. Total time to re-sync from scratch = ~50mins Very fast! Unfortunately, it does not work happen as such in my PC (Windows 7 64bit). It took me 2 hour sync-ing 128k block (out of ~900k block) Probably because you have an HDD, syncing is way faster with an SSD than an HDD. |
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With 0.9, it is ready to be marketed now. GUI is finally useable with the new bitmonerod. Website should be improved and perhaps talk about the color scheme is good at this point, before the official GUI is finished. I think the main obstacles have been overcome (except multisig which is a big deal and is crucial to have it for some application). Now it is just an incremental easy path of getting better and better with each mini-release Guess you missed this: Interesting comment from Shen about multisig yep - very likely will be implemented in conjunction with the ring ct stuff
Following the "written up" link in the Ring CT post, section 4.4 of the paper describes how to implement "Ring multisignature". Some of the other CryptoNote coins have multisig, but only with 0 mixin. Very nice work being done on the crypto front. |
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Section 4.4 can be found here -> https://www.overleaf.com/read/qzgytbyyxvyfInteresting comment from Shen about multisig yep - very likely will be implemented in conjunction with the ring ct stuff
Following the "written up" link in the Ring CT post, section 4.4 of the paper describes how to implement "Ring multisignature". Some of the other CryptoNote coins have multisig, but only with 0 mixin. Very nice work being done on the crypto front. |
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Btw, you can find section 4.4 here -> https://www.overleaf.com/read/qzgytbyyxvyfCrosspost: Interesting comment from Shen about multisig yep - very likely will be implemented in conjunction with the ring ct stuff
Following the "written up" link in the Ring CT post, section 4.4 of the paper describes how to implement "Ring multisignature". Some of the other CryptoNote coins have multisig, but only with 0 mixin. Very nice work being done on the crypto front. |
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Resident idiot here. 0.9 is synced and I tried to restore a wallet from seed which after difficulties I was able to do in Oct. after updating to the windows beta. I tried the instructions on getmonero.org>knowledge base but when I try any commands it thinks it's a wallet name so obviously I'm at the wrong spot but don't know where the correct place is. I looked at my postings from Oct. as I was successful then but it was no help  Maybe I do need a GUI after all  This will help you hopefully: You can import it with simplewallet, you basically have to restore it with the seed that was given by MoneroAddress. That can be done as follows: It's fairly straight forward, you have to make use of the command prompt to restore a wallet. So, you can either open up the command prompt, navigate to the folder simplewallet.exe is located and subsequently use the following command: simplewallet --restore-deterministic-wallet It will prompt you for your mnemonic seed. Or, the more easy way, just navigate to the folder simplewallet.exe is located (without using the command prompt). When you are in the folder, use shift + right click (make sure you are not standing on any file). The context menu will contain an entry, ‘Open command window here.” It will open the command prompt and you can proceed to enter your mnemonic seed. |
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