Yes I really do think so. Monero is one of the only altocoins that people are buying not as a speculation on some imaginary future utopia but for real world use today. It fits a niche that the market is actually demanding right now. Namely safe secure private currency for darknet transactions. I even see monero as being one of the only ones that will be left standing if this whole sector turns out to be the biggest bubble in history and crashes in a huge way. Because, again, people need it as a tool to solve a real world problem that they are facing.

Monero is the go to coin for botnets for several reasons. The hashing algorithm is optimized for cpu's and a compromised computers will usually not have a gpu. Also your mining rewards are nice and private. We probably have most of the botnets in the world that are mining cryptocurrency mining monero. It wouldn't be surprising to see that manifest in a chart that looks like that. Not speaking authoritatively or anything. Just one possible explanation.

Seasons greetings... Are we in such a pc culture that nobody can just say happy kwanzaa any more?



Merry christmas bud.

The iota team changed their hashing algorithm in response to a critical security audit and people who were not closely following the project and didnt transition to the new algorithm got caught with their iota on addresses that were derived using the old algorithm. The dev team has promised to return these IOTA to their owners but have run into various hurdles that have pushed the time table back several times. That's about the long and short of it.

I think you meant later this afternoon.

I think it is supposed to come within a few days of the IRI release and the IRI just released today.

An iota whale can only really bring the price down. You would need a fiat or BTC whale to manipulate the price upwards.

So long as its below x-coin dark coin dash I remain ferociously bullish. The universe is in a state of unbalance. That level of unbalance just can not hold. Something will have to give.

I mean it was started by a scammer but taken over by a new developer.

But I am interested in who took part in an altcoin pump and dump and what the evidence for that is.

Similar to the situation with monero.

In order to produce a transaction you must validate two previous transactions by performing proof of work. Later someone will come along and do the same for yours.

indeed

IN THEORY it can scale infinitely because no one network participant needs to audit any more of the tangle than he is capable of auditing. It's like a volunteer thing. Every bit helps but you don't HAVE to help. But the software is still basically alpha proof of concept stage. Time will tell if we can really get there.

Does anyone know what day the snapshot is?

So I'm reading and trying to digest this bulletproofs whitepaper and It says here.


Which is amazing. So range-proofs account for almost all of the transaction size in monero transactions. You can functionally think of the size of a transaction as scaling linearly with the number of outputs. A typical rage-proof clocks in at 6.2Kb but when you scale that at log(m) it gets crazy. Look at this.

1 output = 1.8Kb
10 outputs = 4.1Kb
100 outputs = 6.4Kb
1000 outputs = 8.7Kb

Of course the 80% space savings of standard transactions is extremely welcome. But this is a whole different dimension of scaling. I wonder how people will be able to take advantage of this?

One thing I can think of is cheap micro transaction services. True there will be a custodial account involved and some risk that the service provider runs off with your monero. But its a custodial account for micro-payments. How much money are you realistically going to keep in there?

Very small transaction fees from exchanges.

Welcome back satoshi dice? I hope not this one.

I wonder what some more of the implications of this are. Or maybe it's not actually as cool as I'm thinking because the load on the network verifying all of these proofs is still real.

Sure of course. First of all make sure you have your seed written down and stored away safely. Next just back up the files [wallet_name] and [wallet_name].keys in the directory that you installed monero into. Then just move those 2 files right back where they came from after the fresh install.

That is all assuming the windows version isn't TOO different from the linux version. I have never used the windows wallet.

Interesting. Due to the opaque nature of our blockchain perhaps there is a need to adopt quantum resistant algorithms BEFORE anyone ever discovers a break. Since an intelligent and mallicious actor who learned how to break the cryptography might wisely quietly target an opaque blockchain first. Literally before doing ANYTHING else with his new tech. We might be ground zero.

Monero tends do well except when btc is rocketing. And btc is having something of a small correction right now. I suspect the 0.0164 that we are at right now IS your correction. It was a lot higher recently.

I did decide to go out on a limb yesterday and tell my moms boss that he should totally buy monero though. Cross fingers monero doesn't crash and mom finds herself out of a job.

If it was possible it would be a pretty wonky attack vector. The highest hanging fruit one might say. Almost everyone who gets hacked around here has it happen in one of two ways. First is phishing links. Possibly to malware but usually to fake web wallets that appear convincing. The second is crypto currency related software with malware hidden inside. Could be some sort of wallet for some dinky alt coin. Or mining software. You get the gist. Someone else chime in if you I'm missing something here but that probably accounts for 99% of it.