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3161  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 07, 2015, 04:07:50 PM
Since these are official accounts, it is a bit different from the Monero Digest you are making.

indeed, point taken.

re: facebook

well one idea, which could be viewed as unscrupulous, is free monero for likes! direct people to get mymonero accounts and post the addresses on the page after they "like". Essentially is a form of faucet. Though this would be best if coincided with cryptokingdom - somewhere for peeps to play with their monero.

I like this idea and will certainly discuss it.

PS: We try to get our twitter more active as well and we will try to post articles, mentionings of Monero etc. on a regular pace.
3162  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 07, 2015, 03:37:09 PM
I think smooth is reasoning in vain with darkfans in other threads. These people are a different breed, described here - https://bitcointalk.org/index.php?topic=979562.0

We should direct our energy on making Monero useful to average people, i cannot stress much. On getting the DB and an official GUI( I know, but it is a weak point for us) out soon. I personally assure, ill make Monero be seen and heard everywhere( Not spam) once we have these out.

Actions speak louder than words. When Monero starts getting noob friendly, Dark will fade out itself

Apparently the GUI is no longer a priority as third party GUI's are "Good enough".

Someone want to link me to a video of these third party gui's in action. I've never seen one and the one I tried was so buggy I gave up. Albeit that was 6 months ago.

I think this is a big misunderstanding. Since it is an official GUI, the devs just don't want to release some half-baked thing with a lot of bugs. On top of that, the official GUI wallet will not be some simplistic thing which can only send and receive, but more like an account that has a wide variety of other options as well.
3163  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 07, 2015, 03:34:56 PM
Yeah, dEBRUYNE go. Maybe the project leadership can even name you as FB official or FB project manager, because the other guys you mentioned already have alot of things to do. And so you can could lead & develop this sub fraction of the XMR community.
(Obvious meaning leading in consultation with the core team, the general XMR community and XMRs FB community).

I generally think the core team (or the community as a whole) should name qualified non core team members as "person in charge"/manager/"person responsible" for (important) community related tasks/jobs/projects.
This helps alot in community development. Like sub-section only (non global) moderators, on BCT or other web boards.
Or global communities/organisations naming local contact persons for cities/countries or domestic ambassadors.

Naming offically named responsible people (that are non core members) keeps the community/project development process organised & structured and keeps the influence of core team.
(And avoid self proclaimed "(sub-)leaders", fakes & scammers get ahold in XMRs community.)

It's really a good, cost- & risk-free strategy. If some "official responsible person" - for whatever XMR job/task/subproject he was assigned to - turns out the be incompetent or inactive, he can just be changed/replaced by a better candidate.

Ehh...... sure, you could go at it this way, but somewhere up in the thread, something else came up and the response from an established Monerian was "just do it". In my opinion, you don't need to wait for "project leadership" approval. This is our coin. Self reliance. Self initiative. I didn't wait for approval to write my first Monero Digest, I just did it, with the stated fact that if the community thought it wasn't good, that I would take it down. And I got feedback (that it wasn't digestable Smiley ), and I changed it. This is an open community, and every piece of evidence towards this point, regardless of its potential lack of aesthetic value (orginal monero.cc site, i'm lookin at you), is positive.

And I may be feeling manic because I'm drinking coffee, but there are three pillars of Monero. These three pillars are the core. The core can only rise as high as the scaffolding permits. Be the scaffold.

Since these are official accounts, it is a bit different from the Monero Digest you are making.

@dewdeded, we already had some deliberation and the core team was fine with Quanttek passing it over to the new team and us handling it. I personally don't have to be officialy named, but I like your arguments in favour of it. So I will discuss this and see what fits best.
3164  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 07, 2015, 03:25:37 PM
Bytecoin at Facebook: two community pages now

Facebook recently changed their Pages Terms. That is the reason why nowadays there are two different pages about Bytecoin BCN there. But don't worry! New Bytecoin page is supported by BCN community as well as the oldest one. So we would post news, important information and funny pics on both pages.

You are welcomed to join, like and share at Bytecoin Community and Bytecoiner Community pages.
I just saw this in another thread. So, I asked myself, does Monero has an Facebook community?
Can't check myself, I don't own an FB account.
Obvious Monero would need and maybe benefit from an (good managed) FB community.


Sorry if Monero already has FB. I can't read and process all altcoin & XMR news and developments anymore. (Working an 10 hours non crypto office job, fuck my life.)

This is the official Monero Facebook: https://www.facebook.com/monerocurrency

It currently isn't actively managed, because Quanttek had not enough much time on his hands to do this. To make sure the FB is actively managed again we (davidlatapie, dnaleor, greekbitcoin, wpalczysnki, quanttek and me) have set up a team and we will make sure there will be regular posts on the page again. Posts will include the missives, digest, old and new articles which spoke nicely about Monero and some bitcointalk posts which we think are very informing.

Fantastic work guys. Looking forward to the updates and hopefully more activity. Have you considered ideas how to encourage people to like the pages? That is one of the things that gets tracked by say coingecko.




We haven't put much thought in this yet, but will certainly put this up for discussion in the next couple of days. If other community members have some good ideas about how to do this, please post them here and we will discuss them.
3165  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 07, 2015, 12:31:10 PM
Bytecoin at Facebook: two community pages now

Facebook recently changed their Pages Terms. That is the reason why nowadays there are two different pages about Bytecoin BCN there. But don't worry! New Bytecoin page is supported by BCN community as well as the oldest one. So we would post news, important information and funny pics on both pages.

You are welcomed to join, like and share at Bytecoin Community and Bytecoiner Community pages.
I just saw this in another thread. So, I asked myself, does Monero has an Facebook community?
Can't check myself, I don't own an FB account.
Obvious Monero would need and maybe benefit from an (good managed) FB community.


Sorry if Monero already has FB. I can't read and process all altcoin & XMR news and developments anymore. (Working an 10 hours non crypto office job, fuck my life.)

This is the official Monero Facebook: https://www.facebook.com/monerocurrency

It currently isn't actively managed, because Quanttek had not enough much time on his hands to do this. To make sure the FB is actively managed again we (davidlatapie, dnaleor, greekbitcoin, wpalczysnki, quanttek and me) have set up a team and we will make sure there will be regular posts on the page again. Posts will include the missives, digest, old and new articles which spoke nicely about Monero and some bitcointalk posts which we think are very informing.
3166  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 06, 2015, 09:28:23 AM
There is a wall of 200 btc wall at 0.00194....

Aaaaand... it's gone.

Instead, there is 200 btc buy support above the yesterday's low  Grin

It is divived into two pieaces.
The first one is at 192'ish and the rest is on 194.
This might be for real since it has been broken into pieces. Manipulative walls are in one piece, real walls are cut into pieces.

What would a manipulator stop from breaking his wall into pieces so it looks less manipulative?
3167  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 05, 2015, 05:55:01 PM
ok thanks.

that was a long time i didn't use that forum Smiley great to see the xmr thread is still friendly; gg guys Smiley

now i'll hope that those precious xmr are still mine somewhere Cheesy

cheers

Btw, you could also try the #monero or #monero-dev channel on freenode. You'll probably get a faster response there. Just state your question there and most of the time someone will respond very fast.

If you are not familiar with IRC, just use this -> http://webchat.freenode.net/ , set your nickname and set the channel to #monero and/or #monero-dev
3168  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 05, 2015, 05:17:58 PM
I stumbled upon this comment from tacotime in another topic and found it cross-postworthy:

We need a review of this technology. Something brilliant and clever like this should not be ignored. Even satoshi made some comments on the essence of Cryptonote. Maybe he contributed in some way or another towards its development

Apparently it was in development since a few years and was intended to be a step ahead in the right direction, that is transaction privacy. Cryptonote is the tech which should have been bitcoin in the first place. If it had surfaced a year later after bitcoin, things could have been different

Um. What do you want to know? I'll talk about Monero since that's the CN chain I've worked on the most.

(1) It uses a different elliptic curve than Bitcoin for signing (EdDSA, which uses Schnorr signatures on a Twisted Edwards curve).
(2) It uses a different hashing algorithm than Bitcoin for PoW, which is AES heavy and currently performs similarly on GPUs and CPUs. One of the main downsides to this is that sidechains are currently impossible (validation takes too long), however as sidechains don't actually exist right now we've been ignoring this. If we want to add sidechain support in the future, the hashing algorithm can be change to something simple. In the meantime, the algorithm is relatively "egalitarian" in that no specialized hardware is required.
(3) One time use addresses ("stealth addressing") is mandatory for all transactions. This makes light clients very difficult to secure or create in general, but it dramatically enhances privacy because it's impossible to ever reuse an address.
(4) All transactions are denominated in base 10, and fractionated by mantissa.
(5) Ring signatures obfuscate spending of outputs by allowing you to do a 1-of-N input for a transaction where you spend funds from Bob OR Alice OR Michael OR Claire OR et cetera. Like one time use addresses, this is a passive privacy technology that doesn't require any active participation of anyone in the network (unlike DarkCoin, CoinJoin, and so on).
(6) A single pair of private keys is used for the recovery of all outputs owned by a wallet, but with a different type of data structure than BIP32 has (viewkey/secretkey).
(7) An implicit, silent multisig implementation centered around Schnorr signatures is being researched and developed (thanks andytoshi/gmaxwell).
( 8 ) Research is ongoing into ways to break our privacy technology and improve it. See: https://lab.monero.cc/
(9) Monero is readily auditable from a regulatory perspective (you can easily prove your ownership of funds if you need to, for example to tax agencies).
(10) It has a much faster emissions (subsidy/reward) curve than Bitcoin. 80% is mined within 4 years. The emissions curve is also much smoother than for Bitcoin, with reward decreasing every block.
(11) Unlike Bitcoin, Monero will have long term perpetual inflation. Subsidy will become fixed in about 10 years time at a flat rate of less than 1%, to keep the chain from becoming fully deflationary and to better incentivize miners. This makes it more likely to be useful as a currency than Bitcoin, in my opinion.

Props to tacotime for explaining everything in detail.
3169  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 04, 2015, 09:48:02 PM
All of the "shield" looking logos were rejected not only for being cliche but also because Monero's privacy aspects should not be viewed as a "feature," but as an inherent property that should be fundamental in any

Monero is not a shitcoin because it has superior privacy than Bitcoin. It is ONLY the privacy feature that sets Monero apart from bitcoin. Otherwise nobody would be talking about it here. Everybody came here for this feature

Monero has a number of improvements over bitcoin that have nothing to do with privacy. Adaptable size limits, per-block reward adjustments (as opposed to "halving"), minimum block subsidies for network security, are a few examples.

Monero is just one of many coins that "features" privacy (in some form)... privacy is fundamental, and Monero's not a one-trick pony that's gonna jump on the bandwagon and slap on some stupid shield logo so everybody can see that's what makes it special.

But again, if you disagree, then whip something up that knocks everyone's socks off.

I would like to add the viewkey feature Monero has. To get some information on this feature, just have a look at the beautiful slides that davidlatapie presented (I should also credit fluffypony for helping them design).

Page 9:

http://david.latapie.name/static/cryptos/XMR/moneropres-coinfest-estonia-2015.pdf
3170  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 02, 2015, 11:27:56 PM

It is, quoting the previous missive:

Quote
We are moving to a new Missive format, it is now in the form of a podcast!

To download the podcast directly please use this link to the MP3, or use the HTML5 player on the blog post.

Community members are encouraged to transcribe it so that non-English speakers can benefit as well. A brief summary of the points discussed is:

1. The release of the new website, and the move to the getmonero.org domain

2. The publication of MRL-0004, Improving Obfuscation in the CryptoNote Protocol

3. Monero's design and development goals

Dev Diaries and External Projects will resume being covered from next week. Until then!
3171  Alternate cryptocurrencies / Altcoin Discussion / Re: [XMR] rpietila Monero Economics thread on: March 02, 2015, 07:50:56 PM
Hmm... if only I had time to present them, I have many nice charts Smiley
Who is dumping all this xmr, I sold only 5000 xmr to take the price down to .00161. Will hold or buy more to my stash if the price falls below .0013 but we'll see. Let's see some graphs Risto.

I guess you missed this -> https://vid.me/ima7
3172  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 02, 2015, 01:43:06 PM
Don't know if someone already find it, but it seems to me that this thread

ring signature efficiency
https://bitcointalk.org/index.php?topic=972541.msg10619684#msg10619684

is worth sharing here.

To make a long story short Adam Back is speculating on how reducing ring signature used in cryptonote:

This alternate linkable ring signature tends to 1/2 the size of the crypto note ring signature as the signature is 3+n values vs 2+2n values.

I haven't the skill to validate his claims but I thought than monero devs would be interested in such a claim.

What are the implications of this? Could we use this research to make Monero more efficient?

Quoting smooth to give you some answers:

Yes it could be incorporated but its not something to jump into, especially given the modest gain. Any cryptographic scheme, even small modifications to one, needs a lot of peer review and scrutiny before being ready for adoption.

Now by contrast something that made ring signatures fixed (modest) size, that would be quite something. You still wouldn't want to rush into it, but studying it and carefully reviewing it would be a matter of more urgency.

Is this something that could be implemented in XMR and would it be beneficial overall (due to smaller rings being larger)?

Anyone have a tl;dr for Adam Back's post on ring-signatures: https://bitcointalk.org/index.php?topic=972541.msg10619684#msg10619684

He came up with a way to make cryptonote ring signatures about half the size (for larger rings; for smaller rings it is larger) and twice as fast to verify.

3173  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 01, 2015, 09:27:51 PM
Well, another 100k of previously presumed lost supply is now available not exactly bullish. How much of that gets sold depends on whether the owners had written the loss off and thus would be happy to dump for anything to recover their $/BTC or how many of them are real investors in the coin and are happy to have added to their XMR stash.

On the other hand it could raise more confidence in XMR itself (because the devs helped with the recovery) and people might buy more to average down. Unfortunately, we will never know for sure.
3174  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 01, 2015, 03:01:52 PM
Agreed.

bull market maybe just started, i do not expect it to go straight up. pull back to 140 is possible, but we wont see any tripple bottom, this time is over now i think.
the double bottom looks very impressive on the 3d chart. 100k is gone forever
i would welcome some small correction, bulls also need to rest and reload if they should go for 190 next week. looking at the bigger charts one can easlily guess this might just be the beginning of a much bigger move. shorting here is only for people who really know what they are doing, all others are better of just buying at the dips or dont buy at all(assuming you allready got some).
way up will be very hard, no question.



Unfortunately there is no proof of bull market. Only short term perhaps (1-2 mo term).
It even did not touch the highs we had on Xmas not to mention the high before that high. I wonder how do you define a bull market but IMO bull market is when there is ATH broken. Now even local highs are not broken thus the bear market continues.

In my opinion we certainly broke the longterm downtrend (and bearmarket), so we are currently in a bullmarket. I am not saying this is a longterm bulltrend (time will tell and tides can turn), but it is certainly a short term one.

To quote myself:

The break of the long downtrend:



Note: this is drawn from the 0.01 top, if you drew it from 0.0051 it broke as well.

Also some definitions of bullmarket:

Quote from: Investopedia
A financial market of a group of securities in which prices are rising or are expected to rise. The term "bull market" is most often used to refer to the stock market, but can be applied to anything that is traded, such as bonds, currencies and commodities.

Quote from: Wikipedia
A bull market is a period of generally rising prices. The start of a bull market is marked by widespread pessimism. This point is when the "crowd" is the most "bearish".[5] The feeling of despondency changes to hope, "optimism", and eventually euphoria.[6] This is often leading the economic cycle, for example in a full recession, or earlier.
3175  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 28, 2015, 01:36:16 PM
I think smooth's point regarding off-chain/on-chain privacy leads to an important question: if you're going to depend entirely on off-chain privacy, why not just use bitcoin?

Because with bitcoin you can't do it trustlessly and decentralized.


Bitcoin plus dark wallet is probably better than DRK, assuming it gets popular enough, and maybe already. For one thing it has stealth addresses and DRK does not.

Except that Darkwallet transactions can be deanonymized, and there's likely nothing they can do to fix it.


Wrt instamine - in the big picture, we are all still instamining. When/if the mass adoption and wall street level investing occur, it doesn't matter much whether the instamine lasted for 2 days or 2 years. Smiley

Everyone with just a little bit of brain will see that this argument is utter bullshit.
3176  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 26, 2015, 03:48:09 PM
Monday's Missive Transcript has been completed and added to the blog post.

Quoting for the lazy ones:

Quote
(snip)
methinks the decision to not post the missive transcription here was to encourage monerians to move to the official forum.

but I understand.

Now that you've stated it, it indeed rings a bell. Will leave it out next time. Props for the transcribers btw!
3177  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 26, 2015, 01:44:22 PM

LOL I made it into the missive digest. Monero will never be the same Smiley

EDIT: Not once but twice  Grin

Same here! Thanks for mentioning me as someone with excellent forum archive skills  Grin

PS: Nice work GingerAle, keep up  the good work!
3178  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 26, 2015, 01:42:34 PM
Monday's Missive Transcript has been completed and added to the blog post.

Quoting for the lazy ones:

Quote
Podcast Transcription
Riccardo "fluffypony" Spagni

Hello and good morning or evening to you wherever you are I am Riccardo, fluffypony, and with me today I have Gingeropolous…say hi!

Gingeropolous

Hello everyone!

Riccardo

And this is the start of a new type of Monero Missive, because we realized as a core team that preparing a full Monero Missive with all its bits and pieces was taking up a lot of time and soaking up a lot of effort that would have been spent elsewhere. And more importantly we also realized that a lot of people just weren't getting through the content of the Missives that we were putting out, hence this new format.

So, Gingeropolous you are reasonably well known already, why don't you tell us a little bit about you and your involvement in the Monero community.

Gingeropolous

Oh sure, I watch the Monero community on the forums and as there was no Missives coming out people were like "hey, why aren't there any Missives," and I was like all right I will go ahead and make a version of them to sort of sum up what I saw happen in the community. So that's where that whole digest came from and I guess that digest caught the eye of the actual core developers, and they contacted me like "hey, do you want to do this podcast?" And I guess my sort of role or function is to bridge the gap between those that actually know what Jason is doing and those that either don't know what Jason is doing, cause Jason is very popular.

Riccardo

Yeah and you've never even met him!

Gingeropolous

No I haven't, you know he always calls a lot. His buddy RPC, and API, API is a good guy.

Riccardo

So you're the community liaison let's call it that. So today were going to forego the normal bits that we do at the end of the Missive, we're going to skip the Dev Diary and skip External Projects, because there are 3 major things we need to talk about. Now for our listeners who are not English-speaking and may struggle to understand this, we are asking the community in their own time when they get a chance to transcribe some of the podcast content into written form so that it can be understood better and eventually translated. But obviously that's not high priority, and at your earliest convenience if you have some time and feel like transcribing it the first one out the gate is always a winner.

So what we'd like to concentrate on are 3 things and the first thing were going to talk about is the new website which has only been like a year in production. There's been a great deal of effort that we've put into this and as everyone knows we started with a design that we built quite early on which is been available in the forum for quite some time. But one of the things we wanted to do is really create a website that was accessible not just a hard-core Monero fans or existing users, but to new people that wanted to know what is Monero; what does it do; how can I use it; how can I do simple things…how can I accept payments with Monero; how can I use Monero; how can I run a node…once I eventually understand what a node is. And so we created this website, and along with the creation of the website we also felt it prudent to move away from the monero.cc domain, which has served us well, but it's time for us to move to something that is a little better suited. So we are moving to getmonero.org which has a long-standing tradition in open source community, Firefox when it first launched also didn't have firefox.org, and so they ran with getfirefox.org for very long time before they eventually started to get other domains that were donated to them. So it's the same with this: the monero.cc domain will forward to getmonero.org, so nothing will change if you have old links or subdomains that are on monero.cc, carry on using them, it will automatically forward you through.

Gingeropolous

Fantastic

Riccardo

There are a couple of things that we've done in this website I'd like to just point out. The first thing is where we use terms that are confusing or technical, or perhaps what's the word I'm looking for terms that are unfamiliar to new users…

Gingeropolous

Like jargon.

Riccardo

Ja jargon, something like blockchain or transaction. Transaction has a familiarity to us because we use cryptocurrency, but a transaction like a credit card transaction is very different to a transaction in digital or cryptocurrency terms. So you can't, we can't make assumptions about what people know. So part of this is we've created something called a Moneropedia, which obviously is like Wikipedia but for Monero. There are still a lot of room to grow in terms of content, there's a lot of continent needs to be added, but you'll notice that certain things like even on the front page, those 3 green blocks that explain the secure, private, and untraceable nature of Monero, you'll notice that there are some words that have got slightly darker text, and when you hover over them or if you're on a mobile device when you tap on them it actually gives you little summary of that term. So hover over "consensus" or "accounts" or "mnemonic seed" or "blockchain" or "transactions", it explains the term to you. So we are trying to create something that is accessible and that people don't get overwhelmed with tons of information.

We've created a lot of content especially in the getting started section that's pretty much done, which means that people who would want to accept Monero payments, either by hand or programmatically, there is plenty of information there. And in the knowledge base there is still a lot of stuff we are working on in terms of content, but Moneropedia we've already started filling in a lot of that. And the source code for the website is in a Github repository so you can take a look at it, you can look at the way everything is put together. It's all Markdown, processed through a system called Jekyll, which is what Github pages uses. So you can take a look at the existing Moneropedia entries, and you can take a look at the Moneropedia entry for account and see how we structured everything in the Markdown. And if you want to contribute content, by adding entries or correcting mistakes we've made, please, please do so.

Gingeropolous

So there's a way for the community to contribute to this, that's awesome.

Riccardo

Exactly, so along with that there's also we haven't forgotten about internationalization, you notice that when we hit the website for the first time you have to choose a language and at the moment the only language is English. And the reason that we haven't bolted another language just yet is we want to first flesh out the English content, and everything is pretty much ready for us to start adding other languages, but we just want to get English sorted of first and then we will do a call for translations, and will have strings up on Transifex so that people can translate.

So on the monero-project Github there is a monero-site repository, and if you notice any issues, if you notice dead links or anything like that, you can open an issue on Github. If there's anything you want to change or add or whatever, then you can clone the repository and fix it on your side and then submit a pull request, which is the same way we work with all of the other projects.

So one of the reasons that we went this road instead of going for more traditional wiki where anyone can edit it and so on is because the git, and github by extension, format for dealing with changes is just a lot more geared toward consensus, at least that's what we feel. So, for example, if somebody wanted to make a change to an article in Moneropedia, they would make the change and submitted it as a Pull Request, and then in the comments section the community can back and forward and say "I think this sentence should be done that way," or "you forgot to highlight the word here so it gets flagged and linked to its definition in Moneropedia," and so on. And there can be a general feeling that the change is good or bad. So it just sort of lends itself more towards a community driven project than the one where, like with Wikipedia where it just ends up being refined purely by brute force almost.

Let's go on to MRL 4!

Gingeropolous

We're done with the website?

Riccardo

We're done with the website. So the Monero Research Lab may have seemed quiet for the past few months and that's because MRL 4 has been quite a hefty thing to put together. Basically it has been an exercise in trying to pick magic numbers which normally ends badly. But as everyone is aware, or should be aware, our very first Monero Research Lab bulletin revealed a weakness in the CryptoNote protocol.

Obviously Monero is very grateful for the effort that CryptoNote put into the initial cryptography, we are taking this further. And one of the key things we are doing is fixing this massive gaping hole in the CryptoNote protocol. So Gingeropolous, you've read MRL 4, why don't you tell us a little bit about what you understood and what your take aways were.

Gingeropolous

Well I did read it a week ago, from what I recall the main sort of meat of MRL 4 was the whole concept of how anonymous is the actual CryptoNote protocol, and the main thing I think was the take-home was it has to do with the amount of mixins that you put in your transfers. I'm sort of rambling here.

Riccardo

You are spot on…there are two different aspects to privacy in Monero and that is the unlinkability and the untraceability of transactions. Now when we say unlinkability we are talking about the dual-key stealth addressing that addresses that component; but untraceability is another thing entirely. So, the untraceability is dealt with by ring signatures. As MRL 1 pointed out there is a potential compromise, and a cascading compromise, to the ununtraceable nature of CryptoNote transactions.

Just to sort-of explain it quite simply: if I create a bunch of transactions, and in each transaction I have my signature along with your signature…so just by chance I happen to mix with your signature, and it's the same denomination I put every single time. And then in 6 months' time you go and spend that output at a mixin 0. Suddenly what you're effectively doing is you are invalidating all of the times that output was used previously. Which means that all of the transactions where you and I, where I used your signature as a ring signature on it, is suddenly like…well, anybody looking can go "hey, this ring signature is part of an output that was spent, and so therefore the other one must be the correct one." So that revelation becomes dangerous especially when owning a certain number of outputs, and the knowing that you control those outputs leads to a cascade or a snowball.

So what we're really trying to move away from his instead of having "unspent" outputs that we mix with, just having outputs that we mixed with and they should always be unspent; it should be impossible to tell if an output has actually been spent on the blockchain or not.

Now the reason that we might need 0 mix transactions, or mixin 0 transactions, is because traditionally in Monero there is dust. And dust, when you are using it as an input, will never have anything, or will most likely, not have anything it can mix with. So it presented an interesting problem for us and for the rest of the members of the Monero Research Lab. Because not only did we have to devise a scheme that just disallowed mixin 0 transactions, but we also needed to figure out a way to get dust out the system, to maybe do this in a way that dust eventually comes of the system instead of having some sort of magical destroyer of dust go through the blockchain, which is impossible.

So MRL 4 is something that people can read in their own time, but basically the long and the short of it is that we're going to be moving quite soon to a minimum mixin of 2, and we are going to programmatically lock in that within the next 3 to 5 years that minimum mixing is going to move to 4.

Gingeropolous

And by minimum mixin you mean something that is hardcoded into the actual protocol, or is this in the wallet, or payment…?

Riccardo

This will be a hardfork, and it will mean that anyone trying to send anything with a mixin of 0 or 1, their transaction is going to be rejected by the network.

Gingeropolous

Okay I got you.

Riccardo

And obviously any miner that mines a block with mixin 0 transactions, their block is going to be rejected by the network. The one key, or little thing at the end, which is how to deal with dust, is the way it is proposed in MRL 4, and this is the way were going to be implementing, it is to allow mixin 0 transactions only under a special set of circumstances. So the protocol will allow mixin 0 transactions if it uses an input that has nothing else it can mix with, so a dust input essentially, and in its' output it does not create new outputs that cannot be mixed with. So the idea is the wallet software already picks dust up as it creates transactions, and what we might do is try and prioritize that a little bit to try and flush dust out faster. But over time, and I don't think it's going to take too long, but over a period of time there will be a smattering of a mixin 0 transactions that will be taking dust out of the system but not creating new dust, so eventually they'll be no more dust.

Gingeropolous

Just so any completely new people to cryptocurrency are wondering, dust is like when you have like 0.0013…a bunch of random numbers out of Monero that you are trying to send, and so it has to break apart your transaction into pieces and that little 0.00-whatever is very unique and it can't mix with anything so that's why the dust is the problem. Did I get that right?

Riccardo

That's correct.

So there are a couple other text that are detailed in the paper, things like association by use attacks and so on, and so one of the small things we are going to be adding is every 6 to 8 weeks, if you are using the wallet regularly…every 6 to 8 weeks if there is a certain number of blocks that are being added to the block chain, 6 to 8 weeks' worth since you last received any transfers to your Monero wallet, it is going to flash you a little warning, and it's going to encourage you to send some funds to yourself. Just send it out and back to yourself, which means you are sending it back to yourself as the recipient. And some of the changes like that, it's not hardfork changes, it is just encouraging certain behaviors. It is really just to prevent certain attacks, and the reality is a lot of these attacks are edge cases. Some of them do require a certain level of skill, prowess, money, power, whatever of an attacker, but it is just a really trim down those edge cases so that the risks, the edge case risks, are reduced even more with the Monero.

Gingeropolous

And so is there going to be like a recommendation from your wallet software, or just sort of hardcoded in there like "oh you haven't done anything in 2 months…I'm going to send half of your wallet to yourself?"

Riccardo

Well one of the reasons that we can't do that is because we can't force people to spend the money in fees, that's the first thing. So we can't have a protocol that's living on the blockchain or living on nodes that spends money or spends funds without the user's involvement because they control the fees. Now the nature of things is that not everyone keeps their wallet open all the time even if they are running a full node and that node is connected to the network. So it's not really suitable to doing stuff in an automated fashion. It is just something where thre would have to be some cognizance on the user side where they will see the warning and they will go "oh dear, I've got to send out to myself," and on the GUI side maybe we'll add a big fat button that they can just click on and off it goes. And a lot of it is to reduce things like association by usage problems and so on.

And one of the things is age-based association as well, which is something which, quite literally, the Monero Research Lab spend about 3 or 4 weeks discussing at length. Now the age-based association problem is quite simple. If, and I will use Bitcoin is an example, if Satoshi suddenly reappeared and touched some of the early blocks, some of the Bitcoins that were generated in the very early blocks, there would be this mass panic because people would be like "oh…why is he moving his Bitcoin, is a suddenly cashing out?" Now that sort of thing is a product of knowing exactly what happens within that very obvious and transparent blockchain. Now in Monero there is kind of a similar thing that can happen and it's not quite, I mean the consequences are a little bit different.

Let's say you receive funds today…you received 100 Monero and that's an output that gets created. Now in 20 years' time you haven't touched that, and you suddenly decide to go and spend it. Now there is a temporal association problem because, over time, the 100 Monero has been chosen by, or should be chosen by, people to mix with. And in 20 years' time when you go along and actually spend it, because of the nature of how outputs are chosen to mix with it could be that your spend becomes obvious. Because, for the most part, maybe by virtue of the way outputs are chosen, the distribution of outputs, that statistically that output would not likely be selected for ring signature. And so now there can be an analysis that happens where somebody can say with reasonable certainty that of the signatures in this 100 Monero input in this transaction, they are fairly certain this 20 year old output is used to sign with it is the real one.

So this is something, this age-based association problem, is something that is really tricky to deal with, and is not something that were going to deal with on a protocol level. We are not going to prevent people or force people to mix in a certain way. Instead what we're going to be doing is we are going to be monitoring the way the way outputs are selected of a period of time, and monitoring the distribution. And we're going to sort-of get a feel for it, and get some data, and then we are going to be able to say "okay, based on that we are going to recommend this sort of distribution…Poisson distribution," or whatever it is, in order to reduce the risk of age-based or temporal associations.

So that's something that's not quite as critical as the minimum mixin thing; the minimum mixin thing is really like ground zero for fixing the CryptoNote protocol at its rawest level, and then everything else is bolting on top of that to reduce very low-risk, very edge case issues.

Gingeropolous

Gotcha.

Riccardo

So that's basically…the long and short of it is that minimum mixin is going to be implemented on a wallet level quite quickly, and the hard fork will be planned and will happen later.

Okay, so we spoke about the new website, we've spoken about MRL 4, and now we're going to kinda jump back just to something on the website. Now if you are on getmonero.org and you go to the Knowledge Base menu you will see the section called Design and Development Goals. Now design and developing goals is something will be updating from time to time, but of particular interest to people, and of particular interest to us as well because we created it, are really the things that were going to be doing in the future.

Now we are not what to discuss it in this Missive, because otherwise it really would end up being a 4, 5, 6 hour missive, and frankly…who's got the time for that, ain't nobody got time for that! But there's some key things that were going to be doing, and I think what is quite nice, especially on the development side, is it does show the flow to important things like what needs to be done before we get to the GUI, what needs to be done before we get to IPC. That's not to say this is the absolute order of things, it's just to show some of the fundamentals that need to be put in place.

Same with the research goals, there are some fundamentals and need to be put into place, there are some things we are working on, but there's some next-level, next-generation stuff that we think will blow people out of the water and we think will really put Monero in a position where it is eminently useful and usable.

Gingeropolous

You mean there's more things that have to happen before the GUI comes out?

Riccardo

Yip…there's a lot of stuff that's "almost there", but there are some essential components and…there's a lot of stuff, I'll give you just one example: refactoring everything out into library form so that we have common libraries for Monero accounts and @wallets, we have a library for the daemon…the connection to the network, we have a library for consensus, so verifying and checking validity of transactions and blocks and signatures and ring signatures, and we also have a library for RPC interfaces.

Having that, and having those library functions and library APIs documented and available, might seem like stuff that we don't need to do to get the GUI out, but it is important because it means that from a QT side we will be able to plug into that library quite easily. And the other up-shot is once we have that done it will open the way to really good third-party implementations, so being able to use those libraries on an iOS or Android wallet means that there's just really cool stuff that can be done without needing to reimplement stuff, you know.

Gingeropolous

Well I don't know…when you say refactoring things into libraries I'm sort of…I'm putting together like right now…the Monero code exists as this big old chunk of stuff and re-factoring into libraries means you've got to break it up so you can call things and say "hey…let's do this stuff together!" I don't know.

Riccardo

Kind of…I mean, I think that over the next while we will take some time in future Missives, especially when it's been a quieter week, when we can do some of the stuff and talk about why it's necessary, what it does, and why we did it at all. It's not a matter of us being perfectionists, as has being mentioned, or us wanting Monero to be enterprise grade. It's true, we are working very slowly on making Monero incredibly robust and incredibly extensible, but a lot of the stuff it's kind of like…if we don't do it now it's never going to be done or it will be done…maybe…in like 10 years.

So…that's our first Missive podcast: new website; MRL 4; design and development goals.

Gingeropolous

For those tuning in I think that, at the end of that, the sense was that fluffypony and I will have a lot more to talk about, so stay tuned…tune your dial back to wherever this is going to end up…because I have a lot to learn about all these inter-workings, and if you are interested in hearing me question fluffypony incessantly about random things then you can tune in and hear about it.

Riccardo

Thanks very much for the chat…and back to Fred with the weather!
3179  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 25, 2015, 11:04:04 PM
Nice to see 50%-60% (please correct me if i am wrong) in hashrate in so few days Cheesy

It was around 10-11 when the price was around 0.0010, so a 30-40% is more suitable  Tongue
3180  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 25, 2015, 02:50:38 PM
first and foremost, I would like to thank Risto (rpietila) for providing the liquidity that myself and my group of investors needed to dump at good prices. His spiel about low prices - even though the same logic has been applicable for 7 months or 210 days - gave us the liquidity catalyst to liquidate holdings near our cost basis.

can everyone with buy orders in the .0010 range move your bid orders up a bit higher, I'm trying to form a syndicate bid with a bigger buy wall closer to the International Best Bid Best Offer

I can take out the order at .0017 if someone else fills the order at .00161 , judging conviction before I start filling heavily. I can take out the higher ask because this is still below my cost basis.

no comment needed

fifth I would like to thank the syndicate bidders for their patience, everyone that actually replied (via PM) to my numerous posts about forming syndicate bid knows who they are.

a) none of them were taken out

b) I was forming that before Risto's pump and before missive rumors started. Go look, that wasn't my first post about the syndicate bid

doesnt change the fact that you are a lier.
so no thanks: not interested in you "syndicate"

How? Nobody filled .00161 , that wasn't my order, I sold deep into the bids, you probably got a partial fill from me.

I judged the strength of Risto's pump, set a target, saw that there wasn't any strength. Some people use charts to see their arbitrary breakout patterns, I look specifically at the orders. Anybody can print a higher price on a chart, take a screenshot and say look my technical analysis is coming true. But to judge continuation in the trend you have to see how the orders are acting.

The missive had nothing to help with the rally or with Monero's potentially new found attention, and I decided that there isn't a reason holding this right now. When Risto disappear's I can't sell.

If someone did fill that order at .00161 I would have still filled the order at .0017 and kept the rally going. But it fizzled because it was bullshit, just Risto

so ultimately, my group is getting better returns in other assets in more established markets (not crypto!). Monero is still on the radar but it turns out that we can unlink our transactions whenever we want without needing to hold thousands of monero in the meantime. When we want to do that, we'll pick up some more Monero , no matter where it is in development or exchange rate.

Can you elaborate a bit more on the bolded part? I don't really get what you are saying here.

I'm saying that the database bullshit isn't going to be available for a long time , a GUI isn't going to be available for a long time, many people don't want to use mymonero.com as a web wallet. MyMonero and other projects simply sidetrack the core developers

and so if I actually want to USE monero for financial privacy, I can still do that whenever I want to, but I don't need to speculate on it.

A lot of people had hoped this rally would coincide with a missive that contained software updates making monero more usable, but it did not.

You must've missed this comment then:

I had the same problem with my Windows machine. It seems this is a "normal" behavior, it maintains the blockchain running at RAM. I do'nt know why this still wasn't fixed, DarkNote already claims to fixed this.

There is a "quick and dirty" way to reduce the memory usage without a database that some other cyptonote coins have adopted. We're not using it. The database code is available for testing now though, and should hit a release fairly soon.


Can't make statements about the other things you said, only that MyMonero is in my opinion actually a great addition for Monero.
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