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2741  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 25, 2015, 12:41:21 AM
Holy shit it broke $200. Panic sells inbound.
Where?

BTC-E
2742  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: August 24, 2015, 06:44:59 PM
Anyway, so, I am to understand that that weirdness I posted *was* an actual bug in the offline address generator?  

And now it's updated so's things *should* work the way I was expecting them to work now?  Yes?

Explained by luigi1111 below:

I can answer this.

It's due to the way the MyMonero code derives the viewkey, which is different than simplewallet. Now, for "MyMonero" 13 word seeds, this is correct as it's the established behavior. For 25 word seeds, things can get a bit wonky.

Without getting too technical, simplewallet only generates "seeds" that are valid private keys, but will accept *any* 25 word seed. Mooo's address generator currently produces random seeds, not ensuring they are valid private keys. Due to the way MyMonero creates the view key, it will come up different ("random seed" vs "valid private key seed").

If anyone is interested in the code, I wrote it up here a few days ago: http://pastebin.com/MHYZzWWz

Simple answer: if you send coins to either of those addresses, they'll be recoverable; you'll just have to pay attention (you can "properly" generate the view key from the seed and log into MyMonero with the "Login with Public Key" if you want).

Bonus: here's the seed for that address which will work for both simplewallet and MyMonero (will produce your first address):

Code:
hoisting sorry alerts sieve request stockpile eels bemused digit ivory acidic guru jobs people befit merger lending envy lectures sifting puzzled peeled maze mocked lectures

And now it's updated so's things *should* work the way I was expecting them to work now?  Yes?

Yes.


Unless I'm missing something, this means basically MyMonero web wallet for the near future, unless and until some day (soon?) the official Monero GUI will actually appear (hope hope?)

Quoting myself here from reddit:

Quote
GUI will probably be released after libraryzing is done (devs are currently working on it, see design goals -> https://getmonero.org/design-goals/), without libraryzing it makes no sense to "wire up" the GUI.

The design is already done, see following link for some sneak peaks -> http://imgur.com/a/ERheR

1. Buy XMR on Poloniex
2. Run Moo's program on offline secure computer
3. Get safe/clean Monero address from #2 and save/print mnemonic safely!
4. Send Monero out of Polo to address from #3 for long-term cold storage
5. Sit tight knowing my Monero is secure Smiley
6. If needed, enter mnemonic key saved from #3 into MyMonero log-in
7. Coins sent to this address at #4 SHOULD BE THERE???
8. If #7 is true (??) send Monero back to Poloniex or whatever...

So IS this how it'd work now?  Any problem or flaw in above?

This is correct as far as I know. If you want to be superduper safe, you could use this tutorial by GingerAle -> https://www.youtube.com/watch?v=GJQ5prfNfZQ

Regarding #6, this is possible but will cost you 10 XMR. Importing into simplewallet is free.
2743  Economy / Economics / Re: Economic Totalitarianism on: August 24, 2015, 05:07:37 PM
TPTB: do you have any thoughts on the "black monday" crash going on right now?  Is this the start to the 2015.75 financial crash?  A foreshadowing of things to come over the next couple months?

 Any steps to take in the immediate future?

As I explained in my post in the MA thread today, this is the false move that causes the peak in bonds by Oct. 1.

You should be selling gold, BTC, and bonds, and buying US dollar and US stocks on this low this week.

Hold tight in that until Spring 2016, then diversify some into gold and crypto coins (especially mine  Grin) as they will bottom (<$700 and <$100).

great, thanks for the response.

So are the calls for an all out "collapse" (of banks, society, outright chaos) overblown?  It seems like financial markets are getting much more volatile and risky, do you think those predictions are overblown?  Or are they just misdirection?


TPTB is right about the US dollar.  It went down hard today vs. the euro and the yen because foreigners are cashing in their "Carry Trades" and taking their money home.  The dollar should be pretty strong for the short to medium term, IMO.

Sell bonds.  The 10-Year now has a yield of just 1.99%.  1.99%?  Ahh, no thanks.

Moi?  I sold a bunch of stock about three weeks ago, so am HODLING all else. 

Everyone's situation is different.

In addition, this article is worth a read -> http://www.bloomberg.com/news/articles/2015-08-23/the-fed-is-looking-at-a-very-different-dollar-than-wall-street
2744  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 24, 2015, 03:34:38 PM
Bid support is down to 50btc. Can't remember when I last saw it this low. Looks like whoever wants to buy sub 200k will have this opportunity soon.

It's not been this low since it was introduced to Polo. Sad times and RIP the top longers. Not surprising while btc is sliding and I can see it sliding another $100 or so easily. Nobody wants to hold alts while the other side of the trade loses $ value.

When we dumped through 0.001 it was only around ~30 BTC if I recall correctly. I wouldn't be suprised if this dump was made in order to hunt stoplosses/margin calls. As long as 0.002 holds I am not really that worried.

Regarding the bolded part: This is certainly true for most alts, however XMR acts mostly as a hedge due to it's fundamentals so it might be different. I have to add though that a sliding BTC price decreases confidence in general in cryptocurrencies.
2745  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 24, 2015, 12:12:31 PM
In case you want to Short the S&P 500 today or short the USD:
It's the biggest Bitcoin only Broker:

https://1broker.com

Based in Austria & Since 2012.


Charting site for everythin:
https://www.tradingview.com/chart/
Good concept, trading stocks for bitcoin.
But it's hard to trust you and the site because you are a completely newbie telling people to send their bitcoins to a site nobody has heard about before. High scam probability factor...

1broker is the only kinda trustworthy bitcoin only broker... Unlike the Simplefx broker which is like 3-4 months old. 1broker was around even before the 1000$ bitcoin bubble...


I am pretty sure there are several people here trading on 1broker for quiet some time.

The UI is pretty nice, easy to understand and works like a charm. Didn't expierence lag when trading (although I only made a few trades). Furthermore, they have their own topic over here which excists since 2012 -> https://bitcointalk.org/index.php?topic=123492.new#new
2746  Economy / Economics / Re: Martin Armstrong Discussion on: August 24, 2015, 11:54:52 AM
Seems M.A. predicted more than one thing right:

China’s shares wiped out all of this year’s gains, setting Asian markets tumbling, as fears about the deepening effects of a slowdown in the world’s No. 2 economy rattle investors across the globe.

A number of currencies in the region fell to multiyear lows, with shares in China down more than 8%, and benchmarks in Japan and Australia both shedding more than 2%. The losses early Monday follow steep declines in U.S. and European stocks on Friday, and add to the pressure that has driven some commodities to multiyear lows and battered emerging markets.

At the heart of the selloff is the concern that the once-highflying Chinese economy may be slowing down dramatically. China’s surprise move to devalue its yuan two weeks ago—which would make its exports more competitive—and a string of weak economic data has tipped off worries that one of the world’s biggest drivers of growth may be slowing faster than expected.

Investors will be looking to China’s next move after The Wall Street Journal reported that the central bank is preparing to flood the banking system with liquidity to boost lending. Some economists say that China still has plenty of levers to pull to get its economy back into gear.

Still, the lack of official action over the weekend spooked investors Monday morning.

“There’s going to be plenty of red on the screens today,” said Auckland-based Macquarie Equities broker Brad Gordon.



http://www.marketwatch.com/story/china-shares-wipe-out-2015-gains-as-stocks-tumble-85-2015-08-24

Also from your article, Armstrong was/is spot on again:

Quote
The jitters have pushed investors to sell assets from stocks to emerging-market currencies and high-yield bonds, while scooping up haven assets such as U.S. government bonds.
2747  Economy / Economics / Re: Martin Armstrong Discussion on: August 24, 2015, 11:41:37 AM
This article might interest some of you:

http://www.bloomberg.com/news/articles/2015-08-23/the-fed-is-looking-at-a-very-different-dollar-than-wall-street

Credits to smooth for linking me to it.
2748  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 24, 2015, 08:55:50 AM
How do you keep your energy so high? I love crypto but this has been a brutal 1-2 years.

I took 16 years from the determination to become a millionaire to actually becoming one. So 1-2 years is not too bad.

You should have multiple energy sources - when one is consuming more energy than it produces at the moment, you can allocate it more energy from your other sectors. Crypto Kingdom is (again) good, because it has become an energy source for many, not just an energy sink.

Please tell us your 16 year story.

+1

It's somewhere in his posts. I know this for a fact because I've read it before, so if anyone is feeling like playing post-dig-up'er feel free to do so :-P
2749  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 23, 2015, 08:27:41 PM
Liquidity has come back. That is what I like to see. My general expectation is for USD Price floor to rise inversely as block reward declines, until DNM adoption increases currency use.  Being the most liquid privacy-enabled coin in the universe makes the selection of XMR a no-brainer.
DNM??

Darknetmarkets. Nice to see you back in the XMR topics btw :-)

I never left. I lurk from time to time.

 Grin

Good to hear!

XMR at the lower limits of its trend line?

I wouldn't be surprised to see a wick below 0022 but me thinks we're getting close to a change in trend

The trendline is currently sitting at 0.0022, perhaps 0.00224 will make a nice local bottom :-) Furthermore, the declining volume indicates less hefty selling.

EDIT: Channel visualized, lower line is at 0.0022, upper line at 0.00252

2750  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 23, 2015, 06:57:56 PM
Liquidity has come back. That is what I like to see. My general expectation is for USD Price floor to rise inversely as block reward declines, until DNM adoption increases currency use.  Being the most liquid privacy-enabled coin in the universe makes the selection of XMR a no-brainer.
DNM??

Darknetmarkets. Nice to see you back in the XMR topics btw :-)
2751  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: August 23, 2015, 06:28:10 PM
where is the source code for db branch ? I want to try it out on VM.
Found and compiled, didnt know that it is right in official branch. But I'm curious why can't we have new binaries why the new version is already on the git ?

Devs probably want to get all bugs out before tagging and releasing them.
2752  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: August 23, 2015, 02:56:09 PM
plan to make confidential transaction was pushed forward on bitcoin. Once bitcoin has that. What are still the benefits of monero / byte / dash ?

I dug up this comment from Fluffypony on reddit particulary for you:

Quote from: Fluffypony
Quote from: random reddit user
anonymity/privacy of this compare to that of ring signatures like those used in cryptonote
It's quite a bit less "anonymous", as it makes no attempt to hide the "metadata". So it hides the transaction amount, but you don't have untraceability (what /u/nullc refers to as "shaping the transaction graph"). The upshot of doing so is that it allows for pruning, which is a good thing. Currently if we had to enable pruning with Monero you'd need to retain the entire txoset (since there is no distinction for utxos, at least not once we've banned mixin 0 transactions) and the entire key image set. Whilst this pruning is quite aggressive, it's nowhere near as aggressive as the pruning available with Bitcoin (and, by extension, with this sidechain). We (nor anyone else) have been unable to come up with a scheme that allows both.

Maybe put differently: this can enhance Bitcoin's privacy, effectively ending the raison d'être for certain altcoins forked from Bitcoin desperately trying to wedge "anonymity" into it, but it cannot magically make Bitcoin fungible. The implementation (as a sidechain) still faces many unique challenges.

That said, I welcome this, and I think anything that can enhance Bitcoin's privacy is advantageous. I'm also a massive fan of the work that andytoshi, gmaxwell, and the Blockstream developers are doing, and I'm sure they will continue to enhance this functionality:)

http://www.reddit.com/r/Bitcoin/comments/394k1t/petertoddbtc_gregory_maxwells_confidental/cs0ngpa?context=3
2753  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: August 23, 2015, 10:13:33 AM
Can someone take a look at this post? https://forum.getmonero.org/1/news-announcements-and-editorials/252/monday-monero-missives-28-march-30th-2015?page=&noscroll=1#post-1627

I'd like for the missives to get on iTunes and it only requires a small RSS edit to get this to happen. Seeing this reddit post reminded me recently: https://www.reddit.com/r/Monero/comments/3hakv7/what_about_new_monero_missives/



At your service! -> https://itunes.apple.com/us/podcast/the-monero-missive-podcast/id1032156854
2754  Economy / Speculation / Re: KncMiner XBT: 285 BTC traded at 285.38$ ! on: August 22, 2015, 11:38:18 PM
Any updates? I think one update a month (including outstanding notes) would be sufficient.
Date______Volume(BTC)_USD/SEK_Price(USD)
21/07/2015
248
8.64
278.08
22/07/2015
250
8.62
274.36
23/07/2015
175
8.59
274.89
24/07/2015
529
8.58
280.89
27/07/2015
282
8.59
285.48
28/07/2015
845
8.56
292.01
29/07/2015
761
8.54
290.34
30/07/2015
285
8.57
288.57
31/07/2015
343
8.62
281.71
03/08/2015
566
8.63
282.44
04/08/2015
299
8.63
278.30
05/08/2015
203
8.65
282.92
06/08/2015
283
8.69
280.19
07/08/2015
174
8.72
277.94
10/08/2015
218
8.75
263.12
11/08/2015
355
8.75
262.10
12/08/2015
378
8.71
262.39
13/08/2015
260
8.64
260.28
14/08/2015
135
8.57
261.14
17/08/2015
690
8.52
256.04
18/08/2015
570
8.51
253.22
19/08/2015
647
8.53
231.71
20/08/2015
322
8.54
232.25


Sources:
http://www.nasdaqomxnordic.com/etp/etn/etn-historical?Instrument=SSE109538
https://www.quandl.com/data/CURRFX/USDSEK-Currency-Exchange-Rates-USD-vs-SEK

Much appreciated! Volume seems a bit low though in comparison with previous months.
2755  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: August 22, 2015, 09:29:34 PM
seems to me like there is some memory leak with 0.9 beta on win 7 x64.
after letting it run 24h something like 8 gb of ram was used, but not visible in the task manager. once i stopped it ram droped down to the usual levels. will try to retest so i can give better feedback.



Bear in mind that the memory usage is NOT constant. LMDB is greedy for free memory so it can cache aggressively, but it's also very willing to give that memory up to anything else that needs it. On an under-utilised system you can expect LMDB to suck up as much available memory as it can, whereas on a busy system you'll see it drop down to the <100mb mark for the most part.

Can confirm this, was working on my laptop yesterday whilst the daemon was open and it only used around 80 MB. Furthermore, it works like a charm. Big props to all the contributers for delivering this!
2756  Economy / Speculation / Re: KncMiner XBT: 285 BTC traded at 285.38$ ! on: August 21, 2015, 10:08:11 PM
Any updates? I think one update a month (including outstanding notes) would be sufficient.
2757  Economy / Economics / Re: Economic Totalitarianism on: August 20, 2015, 05:37:30 PM
You can't spend a $220 bill at a fast food drive-in in Belgium:

http://www.armstrongeconomics.com/archives/36159

I have to make a refutation regarding this. Mostly companies don't accept these kind of bills because they don't got enough change in store or they won't have enough change for the next customers. However, these prohibition signs are not new, most gas stations over here (the Netherlands) have them as well. Also, 200E and 500E are rarely used, people get some weird look on their face if they see them. This is probably due to the bank itself or the casino basically being the only places to obtain these kind of bills, since ATM's over here won't give you bills bigger than 50E.
2758  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: August 20, 2015, 03:50:05 PM
Cryptsy has added the following XMR (Monero) markets:

https://www.cryptsy.com/markets/view/XMR_LTC & https://www.cryptsy.com/markets/view/XMR_BTC

Could you add them to CoinMarketCap as well?

Thanks in advance!
2759  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: August 20, 2015, 03:09:14 PM
Looks like some people are questioning Bitcoins fixed blocks and considering adaptive blocks instead. No mention of Monero so far in the conversation, could be a good opportunity for one of our devs to show off one of Monero's best characteristics!

https://www.reddit.com/r/Bitcoin/comments/3hpbxm/could_the_block_size_be_dynamic_like_the/

And get banned for mentioning another coin on /r/Bitcoin?



Posted it anyway, see -> https://www.reddit.com/r/Bitcoin/comments/3hpbxm/could_the_block_size_be_dynamic_like_the/cu9j1t1

I sympathize with the child there. Freedom of speech is only ever a good thing when I am free to say whatever the fuck I want, and others can only say whatever the fuck pleases my ears. Smooth must not be allowed to express his opinion by means of post/trust/rating/whatever! Oh ... Wait ... I see what you did there  Roll Eyes

Guess you were spotted very early on, off you go back on ignore little Inquisitive Troll(TM).
Please stop posting off-topic nonsense on this thread.

I haven't followed developments as closely as I would like, do we have any up-to-date community built binaries so I could try out the DB version on my Windows box? I know of the cautionary notes and caveats, just wondering if anyone has published binaries yet.

I think luigi1111 has, you could send him a PM (https://bitcointalk.org/index.php?action=profile;u=171499) or try to contact him on IRC. Most of the time he's present in either #monero or #monero-dev.
2760  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: August 20, 2015, 10:38:53 AM
I've noticed that the bitmonerod on Windows that I just compiled yesterday wants to start downloading the lmdb blockchain from scratch, even when I already have an up-to-date lmdb blockchain copy, synced using a previously compiled version of bitmonerod from around May 5th. What changes since then are forcing a fresh download of the blockchain?

This pull request probably, see the comments -> https://github.com/monero-project/bitmonero/pull/364
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