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/ |
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[...]Monero [...] i like a lot of what I'm hearing/researched about the coin.
Did you research my thread speculating that the technologies in Monero are a waste of time: https://bitcointalk.org/index.php?topic=1211093.msg13143507#msg13143507Cryptonote (even RingCT) can't obscure your IP address. Zerocash can. That was painful for me to admit, given I had expended a lot of effort to design a technology similar to RingCT based on the more compact CCT. None of those can do microtransactions. Even Dash Evolution's instant transaction fee is afaics highly flawed and can be reverted by an orphaned chain (where orphans are a normal occurrence in a PoW coin). You raise a few valid points, but then again, there is currently nothing better out (yet). Better with respect to anonymity. Also, regarding bolded, you are saying this because you assume both I2P and Tor (Monero will have I2P integrated, but you can also run Monero over Tor) are "flawed" and don't protect your identity (IP). ----------------------------------------------------------------------------------------------------------------------- Btw, stop opening these kind of threads please. They are nonsense anyway. |
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Hey, So now Monero price is going up because of the long anticipated 0.09 release which took the developers over a year but I still don't get what is in their release? Also checked MoneroDice and like onemorexmr told me it's run by FluffyPony which is a main developer here and he takes 10% of all the Monero there I am guessing to fund the project BUT what about Othe he is a developer yet he won 21835.834259214586 Monero isn't this a bit fishy? I got these info form this forum page " https://bitcointalk.org/index.php?topic=720940 ". + the donation that Monero get's from it's community is "at least to me"is huge around 70,000 Monero's ! isn't this enough to motivate developers to work faster than a release per year? https://getmonero.org/getting-started/donate/hall-of-fame Please get that I am not here to put down Monero I am here to make sure my investment is in the right place  1. Either you can browse the commit logs from github (both master and development branches) or you can wait for the release announcement. 2. The operator of MoneroDice, fluffypony gets 10% of the winnings on the site, not 10% of "all the Monero there". That's a pretty standard operator fee for dice sites as far as I know. So far it hasn't added up to much. 3. I assume othe winning was fair, but it doesn't really matter if you are considering playing on the site because it is provably fair. You will always get a fair game guaranteed by math if you play. (Investing on the site is riskier; if you don't trust the operator, don't invest.) 4. The "one release a year" includes a massive amount of effort significantly reworking and refining nearly every major portion of the core code. The time it has taken is a function of the scope of the work done. Here is a comparison of the work done since the previous release. 780 commits changing 585 files with work from 8 developers. We do expect more frequent releases going forward. 5. 70K Moneros is about 35K USD currently. A little while back it was half that. If you think that pays for 8 developers working full time for a year (not counting work before the previous release, nor other project overhead), you are living in a fantasy world. Obviously the work is part time and volunteer. If you want it to go faster and have relevant skills you can volunteer, or help fund more development. Thank you for you're kind reply, 1. I didn't understand it so I hoped for a page showing me what's going on like a road map. 4. More releases more investors! 5. Still I would be super motivated as a developer 70k can be one day $10 each?P.S maybe developers get a more appropriate way of funding projects beside that gambling site it makes it look bad to me. Where are you getting that 70k number from? If you are summing up the donations of the community hall of fame, these are not only donations to the core team. For example, ArticMine donated 12k XMR to fund MoneroMooo. Also, the link you posted are donations in mBTC, as far as I can see fluffypony received 1,000 mBTC = 1 BTC and the same goes for davidlatapie (he is still on "awaiting decision" as well). |
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Monero 0.9 beta still consumes a lot of memory when I synchronize blockchain that wasn't updated for 15 days.
In Windows 7:
+ Working memory: 2114890Kb (~2GB)
+ Elapsed time: 2.5 hours (very slow I think)
Is that the first 0.9 Beta or the second? The second which is built on Nov 01, 2015 The good news is that once your blockchain is in sync then memory usage will decrease dramatically LMDB only takes what it can take (during syncing). If much of your RAM is already allocated, LMDB won't take it while syncing. In other words, it won't get stuck like for instance the old binaries. After syncing it only takes <100 MB. |
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Monero 0.9 beta still consumes a lot of memory when I synchronize blockchain that wasn't updated for 15 days.
In Windows 7:
+ Working memory: 2114890Kb (~2GB)
+ Elapsed time: 2.5 hours (very slow I think)
Is that the first 0.9 Beta or the second? There's a second beta? I'm upgrading then. The first was already a great improvement (I couldnt run before with 4GB of RAM). Yeah: https://www.reddit.com/r/Monero/comments/3r9rev/updated_monero_windows_09_beta/Be cautious, direct link in that thread! Also, always thread beta with the appropriate amount of caution. |
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All-time-low network difficulty: 491180295 Mega-botnet got disconnected, herders trying to pump before the mega-dump Ride it but beware.. Wouldn't it be positive if a botnet got disconnected? I mean, assuming the botnet just dumps all the XMR and the "normal" miners hodl a bit more it might result in less selling pressure. |
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Seems like someone already took the opportunity to short. See -> http://monerodice.pd.to/polo.phpBetween 04:10 & 04:25. You can observe at the chart that it was dumped into that little buy wall on 12. |
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So, I have been wondering... why does it seem like there is only interest in things like DASH and Ethereum on major bitcoin/crypto news sites? I don't think I've ever seen a Monero price/development analysis article, but I see it a lot with sites like newsBTC. I think I'm still confused in general about Ethereum/ripple and it's relationship with Microsoft, but DASH seems to be getting all the news coverage in the cryptonote scene.
They probably have a relationship with various (cryptocurreny) media outlets. In other words, they probably paid them to release/write articles about them. |
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On the contrary, I think, in some countries a lot of PC are starting to mine in working hours (you know, clever sysadmins install miners on office PCs etc.).
I don't see any reason for the mining to be stopped at nights? Also, the pattern on ChainRadar suggessts that there's a drop around 8-10 am (UTC+0). If we are talking about the office nights, then the timezone of these offices should be somewhere in the West of the NA (or East of SA). That's pure guessing of course. Perhaps it has something to do with the kWh price? There could be a difference between the price during working hours (8 AM-6 PM for instance) and the price during non-working hours. This graph also shows that the hashrate currently is kind of cyclical -> http://monero.net/network_stats.html |
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Maybe but if you could make that optional then you get the best of both worlds, entirely transparent public records when you want them and gone and forgotten when you don't.  No idea what's possible with the second tier though, could be its all there in plain sight but who owns what is hidden, it's essentially a proven rock solid security backbone to build on so all kinds of things could be possible. The only way you can hide the coin supply is by fully obscuring the coinbase transaction. In all other cases, you can still verify that the current supply is what it should be. Exactly this is the biggest caveat for a system like ZeroCash, it is so obscure that you can't verify the coin supply, so if someone created a bug somehow that generated 1 million additional coins, there would be no way of knowing that. |
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I think gui should be releases in summer. And mid next year there should be a hard fork of monero. But not sure if this is correct though.
Maybe not the best place to ask, but why does it take so much more time? Because nobody's working on one. Which is basically the same as Bassica's answer :-P I think gui should be releases in summer. And mid next year there should be a hard fork of monero. But not sure if this is correct though.
Maybe not the best place to ask, but why does it take so much more time? It's a matter of prioritization, really. Check out the dev roadmap on getmonero.org, and see what they've done instead. @Rias, I am curious, how would you improve the website? I think it is fairly OK at the moment. |
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Lol. I don't think oblox belongs on the list.. other than that great work OP
Nor does: G4q34q4qg47ww Signup: December 13, 2013 Rating: Sr. member I think he even made a statement he was sick of the status quo at DASH. |
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I think after a certain point a BTC increase will not result in a decline in the XMR/BTC price anymore, because most traders/investors that want to jump on the BTC rally have already done so. At this point the rally is most likely not a rally anymore. After the heavy retrace it looks to me like it is going for a second leg upwards, which actually already started. Bear in mind that we are up over 100$ from the lowest point of the retrace. |
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Or -> http://monerodice.pd.to/polo.php, for a summary over time. Regarding speculation, asks down to ~340k from ~420k. Also, unlike yesterday, we seem to be quite stable in XMR/BTC terms, even up a bit. Hopefully we can hold this range until 0.9 is out. I think after a certain point a BTC increase will not result in a decline in the XMR/BTC price anymore, because most traders/investors that want to jump on the BTC rally have already done so. |
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i did not know this about the viewkey. doesnt this take all the magic away? i mean maybe i misunderstood, but if you cant see outgoing transactions with the viewkey, how is it usefull at all? the information that something was there once is not enough for auditing. an example: monerodice funds get a public audit and a viewkey is posted so everyone can see the bankroll is still there. but...if we cant see outgoing transactions, how do we know? this picture: https://i.imgur.com/gQlj9Oy.pngis the first point really true? it does not sound possible..it sounds like there has to be some cooperation(using another way to create trx) by the spender so all the transactions are visible, is this correct? please explain to me, i was absent some time. Moneromooo and luigi1111 just discussed a few possible methods to accomplish this (on the top of this same page). MoneroMooo even said he had a patch for on of them. I think it's currently more a matter of figuring out which option is the best (also taking privacy into account). Also, what smooth said. |
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In case anyone missed it, a few updates from Shen Noether regarding Confidential Transactions (CT) for Monero: Edit 11/21/2015: things are slowly coming together - MLSAG's have been coded in python ( https://github.com/ShenNoether/MiniNero/blob/master/MLSAG.py) and then I need to get the RingCT code using these rather than the LWW sigs. After this I should be able to finish the size analysis in the paper and then hopefully get a really cleaned up copy available. edit 11/27/2015: demo version of RingCT using the MLSAG's is coded - next up is implementing 1. Diffie helman passing of masks and 2. implement a short representation of amounts
Most recent version: https://www.overleaf.com/read/qzgytbyyxvyfSome more updates: edit 11/27/2015: demo version of RingCT using the MLSAG's is coded - next up is implementing 1. Diffie helman passing of masks and 2. implement a short representation of amounts & edit 12/4/2015: demo version with ECDH passing and short reps is implemented and written up - next is to get this paper looking nicer Implementation: https://github.com/ShenNoether/MiniNero/commit/4c11983fffb8764837af6727052dc1f34b52c9e4Write up: https://www.overleaf.com/read/qzgytbyyxvyf |
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