What is the max supply of this coin? I didn't see it in the OP. And is there only one exchange?
It's 18.4 million (given in the OP), but a minimum subsidy will likely implemented so that there's a very slow inflation starting in about 8 years. Yes, there's only one exchange because this is not based on Bitcoin so it takes some effort to integrate. |
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great logo's  This bounty is insanely large BTW, for a logo  600 MRO equals > 1 BTC When this topic was created, the value of 600 MRO was around 0.15 BTC. Now it's around 1 BTC - a 6x increase! So yeah, the total bounty is unintentionally very high. I guess this is the problem with a contest that doesn't end in a short time. One of the pledgers is actually thankful_for_today (from back in mid-April), and I don't know where he disappeared off to. So that leaves the collectible payment at 300 MRO, which is probably a fairer price anyway. If thankful_for_today shows up, of course the +300 can be paid as well. The main post should reflect this, though. |
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by the way like the ideas here, looks interesting - the Anon aspect is way over played in my opinion , when i say that i think:
1.people don't care (anyone done a poll here?)
2. there are other economic and political factors that weigh in that actually degrade the idea but i won't go into them.
but the new PoW looks interesting. read the white paper.
great to see the small spark of innovation on this forum rare indeed these days., after all that's what it for?
An altcoin needs to justify its existence -- it needs to do more than what Bitcoin can do. Much more. Most coins don't, but that's because they're pump-and-dump nonsense, even to their creators. Monero is going places because it has something that Bitcoin doesn't -- that thing being privacy. Other things like the PoW are bonuses, but they're minor details in the long run. Eventually it'll probably get GPU'd and then ASIC'd and become like Bitcoin. But the privacy stays. |
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DStrange, you should add https://cryptonote.exchange.to/market/bcn/btc under exchanges. It's basic but very much functional. By the way, did C-Cex confirm that they would add BCN? I've only seen official mentions from Comkort. |
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TFT is still maintaining the Bitmonero thread and the Github. TFT commited several changes on May 8. The clients are moving are further away.
Those were catch-up changes that were already on the Monero github (and all the other CryptoNote coins). In fact, TFT's repository is outdated even with those changes. |
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Automatic. But the wallet was frozen, I have just reset it and it seems all BCN balances are now up to date. Let me know if it did not appear.
Also all pending withdraws has just been processed.
Yup, my deposit was credited. Thanks. |
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a ring signature coin should employ its mix net to supply ephemeral tunnels so that all transactors disappear into the crowd.
to avoid taint, privacy cannot be optional. ideally it should be impossible to reuse an address.
monero is technically evolvable to deal with these points.
The one-time address is generated with using a hash that takes a random number as part of its input. That random number can be anything between 1 and a prime number near 2^252. Of course, "random" = pseudorandom, but I don't think it's realistically possible to generate the same key twice. So this feature is already enforced. Another thing to make privacy mandatory is to force a minimum ambiguity factor, but I don't think that's a good idea. Ring signatures increase block size and most of the time an average user doesn't care about privacy beyond what's already provided by stealth addressing. And sometimes users deliberately want traceable payments. I do think built-in (optional) I2P/Tor is desirable. |
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As much as I'd love to wade through all the pages of this post  would someone mind explaining to me the difference between Bytecoin's protocol and DarkSend? Is anonymity fully implemented, or in beta? It is fully implemented. Bytecoin (as with all the cryptonote coins) does not rely on a third party mixer. Mixing uses a cryptographic primitive called a ring signature. You choose from other coins on the block chain to mix and a third party observer can't tell which of those coins is being spent. To put this in context, the effect of ring signatures is something that DarkSend can only approach without ever actually attaining -- and even that's only if it were very well implemented and there are no bad actors involved. CryptoNote renders CoinJoin-based altcoins obsolete, although CoinJoin itself is still useful for the fact that you can stay within Bitcoin. |
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Until now it's working fine. I have no time pressure on withdrawing money, up to 24 hours is ok. I prefer the money is secure. What I miss is a better overview over my own orders.
I knew withdrawals were manual and I'm more than fine with that. In my case, it's (BCN) deposits that aren't appearing. Are those manual or automatic? |
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I like this coin because you can get coins to for free and the wallet works great!
how can i get free coins?  The giveaway hasn't started yet, but will soon. |
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Are BCN deposits working? My BCN balance is still 0 a few hours after two 100 BCN test deposits.
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Unusually long time to find the latest block, that's all. |
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Seems like we went from walking to sprinting over just the last 2 days.  Network hashrate agrees. |
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I've messaged those who already translate. Russian, Portugese, Chinese. And will provide 100 MRO to each as a bounty. Spanish and other translation is needed. I'll start translation bounty with a 300 MRO donation if setup like pool/gui bounty That could be made 100 MRO for translation for beginning. Donations after that would be split at later date equal between translators so first translators get same as later.
I am against bounty for Portugese translation while it is very outdated. I asked anonimus to update the Portuguese page and it looks like he's in the process. |
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CryptoNote / Monero et al
CryptoNote's one-time ring signature as a way of obfuscating who is the payer (the spender), is optional and can only be used when there are other payees who have the inputs amounts. In other words, it can't do any obfuscation for you on spending unless there are other coins that have the same balance as yours.
That very infrequent opportunity for use is coupled with constant use of elliptical curve cryptography which is known to be broken under quantum computing, as well is suspect to broken by the NSA or could be broken since it is number theoretic public key cryptography.
This is actually pretty easy to solve and CryptoNote already implements it: every transaction is broken up. There will always be outputs in the blockchain matching the broken-down components. Unlike CoinJoin, this is done without any participation from anyone else. The other matching amounts are not being spent at the same time; in fact they can be used as many times as needed as an ambiguity factor without actually being spent. This means the opportunity to use ring signatures isn't infrequent at all -- you can send any amount you want and it will be appropriately matched and mixed. (See section 4.5 in the white paper.) No comment on the NSA/quantum resistance/etc. |
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Sounds fair to me. Monero/CryptoNote has both an immediate need for a functioning pool as well as a long term need for something scalable and high-performance.
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TheKoziTwo's exchange testing went well. GUI+pool+exchange in the works. Big day for MRO. |
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TheKoziTwo on IRC just announced he's beta testing an online exchange for MRO and BCN: Announcement: The monero exchange will be going online for beta testing today. Interested parties please send a pm. We expect to be open for beta testing within 1 hour.
I will be funding your accounts with virtual money to facilitate trading, balances will be reset after launch. |
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