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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: June 21, 2018, 10:35:01 PM
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Devs are not even working on this project any more. Even fluffy pony left.
I wrote about that too. Here is original link by Fluffypony himself: https://www.reddit.com/r/Monero/comments/8lgvw4/introducing_tari_a_decentralised_assets_protocol/Fluffypony is slowly switching from Monero to Tari developing. Tari is an our future platform for anonymous assets & contracts on top of Monero. It will compete with ETH, EOS or NEM for example. Please read the full link. And I have to say, it is VERY GOOD sign, Fluffypony left to be the LEADER DEVELOPER of Monero. It does significantly decrease the centralization of developing process of Monero itself, meaning Monero has reached a MATURE state and can survive without Fluffypony or any other single core developer. Apart with Tari, later this year we get 1) Bullet Proofs that compress the blockchain size growing per unit time up to 80%. 2) Kovri alpha release that allows for the first time to flow all the Monero net traffic over I2P.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: June 18, 2018, 12:36:08 PM
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hey guys i have been following monero for a long time now and i can see that its the top privacy coin however im seeing a lot of strong competition popping up which seam to have a lot of scaling solutions. what does monero have planned to address the scaling issues ? i think in this current era that being able to handle a high amount of transactions per second would be extremely important.
i appreciate any answers and replies in advance. Thanks
Bullet proofs are developed and in testing, they will bring an 80+% space savings on chain. Just have to emphasize, Monero does already have an adaptive bock size, being recalculated every day. So even before bullet proofs are implemented, Monero has much more scalability than Bitcoin (without Lightning Network that needs a kind of extra-trust) and many other coins with fixed block size (Bitcoin Cash, Litecoin, Zcash, etc.).
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84
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: June 14, 2018, 09:00:45 PM
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Heard this news too. I did estimate ~25% botnets/viruses and ~25% ASICs in this year beginning. As we can see since April 6, after anti-ASIC hard fork to CryptoNight variant 1, total hash rate became ~1/2 of the previous one. So, actually I did over-estimate botnets/viruses hashrate and under-estimate ASIC hash rate. Now it is evident, ASIC was THE MOST VIOLENT disaster of Monero's hashrate, ~50% of total one! Now consider botnets/viruses. Most of them might update their mining algo since April 6, or even find new vulnerabilities to inject new mining algo. But total hashrate does not increase, furthermore it does slightly decrease since last Monero price fall at ~June 13. Note, ~2.5 months have been passed since April 6 hard fork. Enough time to improve/upgrade botnets/viruses! So, we CAN NEGLECT botnets/viruses hashrate at all. And this assertion fits with Josh Grunzweig result ~2% (of total hash rate) from the article you mentioned exactly. From the other hand, essentially the fact that Monero CAN BE mined by viruses does confirm its superior anonymity and decentralization at once. Smart people don't run suspicious software or run them inside a virtual machine jail. Just said.
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85
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: June 12, 2018, 07:36:03 PM
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It's clear that no body want's to participate in this criminal coin any more. XMR free fall has begun!
The great criminal adoption does prove Monero is the most anonymous coin, even more than fiat money: for example, fiat money note does have serial number, Monero coin doesn't have it: see the fungibility property and why it is important. https://monero.stackexchange.com/questions/1967/what-is-fungibility-and-why-does-it-matterAlso see my post why ABSENCE of anonymity is HUGE SOCIAL SECURITY VULNERABILITY, not anonymity. https://bitcointalk.org/index.php?topic=583449.msg39238948#msg39238948Criminals and governments are both equal predators if you leave them into free fly. Only balance in the world, where there exist both transparency and anonymity, can preserve it from self-damage.
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87
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: June 12, 2018, 09:57:10 AM
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How closely is the Monero development team pursuing Bulletproofs? I reckon they are on Kovri's development, but is the research group looking at Bulletproofs closely and initial planning for it starting?
Just to say, Bulletproofs and Kovri are developed by two separate teams, so they getting progress simultaneously. According to Monero roadmap, both Bulletproofs and Kovri are scheduled this year, I suppose between fall and xmas.
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89
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: June 09, 2018, 09:31:48 AM
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Advice me please, what is coin more private? Monero or zcash? I don't know what is coin I need to buy at long time... and what is potential of coin better among these coins.
I just leave here a fragment from my full post that I recommend to read too (prelude: Bitcoin Private & Zcash both use "zk-snarks"-based privacy, while Monero uses CryptoNote-based privacy): -- Bitcoin Private uses previously unknown to science, so called "zk-snarks" algorithm to hide payments on the blockchain. For decades there were no scientific publications in peer-reviewed journals that analyze, verify or proof this algorithm. Also "zk-snarks" need to rely on some kind of "initialization trust" - that's exactly because ZCash devs team (uses "zk-snarks" too) made a PR meeting "to fire off initial private keys". There were pictures, videos etc. from the meeting to show ZCash devs are honest.. Are they in fact?.. From the other hand, Monero relies on well-proven CryptoNote algorithm that is known to scientific society since year 2000, when first CriptoNote articles in peer-reviewed scientific journals come to the scene. Furthermore, Monero team goes up and created "Monero Research Lab" to study scientific aspects of Monero blockchain and its privacy. https://getmonero.org/resources/research-lab/-- https://bitcointalk.org/index.php?topic=583449.msg39490737#msg39490737Just add a bit more: Monero is the only currency (from well known top market leaders) that supplies strong anonymity by default, to force end-users do the special steps to downgrade the anonymity level if they want - for example, a view-key feature is widely used by exchanges to deposit and to observe how the deposits flow over blockchain. Zcash is NOT anonymous by default. It forces end-users to do the special steps to UPgrade the anonymity level. Furthermore, there are many articles and discussions show, that transfers between non-anonymous and anonymous ZCash addresses can destroy the anonymity at all. https://bitcoinexchangeguide.com/zcash-anonymity-protocol-vulnerability-exposed-what-to-know-now/
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92
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: June 06, 2018, 11:14:39 AM
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I have a problem. 2 days ago i sent some monero to binance and they didnt arrived. Binance couldnt help.
Tx ID: 0997e50717d9d023834e79defde9dbd70f34dbbea0b6211e43c1760ae33f3139
Payment ID: 5f710cb360f1a9fb73c0a2c29f38964bcdebe361d4a44649aadddbcd26910650
Tx key: 7e33be05b635548342e5c720e6a67e274060694c305763d884d5f5d09153c60e
Tx note: Binance xmr deposit
44tLjmXrQNrWJ5NBsEj2R77ZBEgDa3fEe9GLpSf2FRmhexPvfYDUAB7EXX1Hdb3aMQ9FLqdJ56yaAhi XoRsceGJCRS3Jxkn
It seems like you was not sync with Mainnet during transaction sending. Did you know about April 6 hardfork? If no, you have to read info about it, unwind your blockchain copy to any pre-April 6 date, and start sync with Mainnet using the latest tools found at https://getmonero.org/downloads/.
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93
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: June 06, 2018, 09:21:32 AM
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Isn’t it better to buy private bitcoin since it’s the real crypto? I think monero is just a scam and used by bad guys? Just my opinion.
1. Bitcoin Private is much newer project than Monero, their people are not time-verified, so Bitcoin Private has most chance to be scam. Monero devs team has been proven they work very accurately since 2012. Furthermore, unlike other cryptocurrency teams, Monero devs don't promise anything, even more, Fluffypony, the Monero devs leader once said like "consider Monero is a scientific experiment and it has been already failed". Never else I have met such a self-criticism in pair with excellent quality job. 2. Bitcoin Private uses previously unknown to science, so called "zk-snarks" algorithm to hide payments on the blockchain. For decades there were no scientific publications in peer-reviewed journals that analyze, verify or proof this algorithm. Also "zk-snarks" need to rely on some kind of "initialization trust" - that's exactly because ZCash devs team (uses "zk-snarks" too) made a PR meeting "to fire off initial private keys". There were pictures, videos etc. from the meeting to show ZCash devs are honest.. Are they in fact?.. From the other hand, Monero relies on well-proven CryptoNote algorithm that is known to scientific society since year 2000, when first CriptoNote articles in peer-reviewed scientific journals come to the scene. Furthermore, Monero team goes up and created "Monero Research Lab" to study scientific aspects of Monero blockchain and its privacy. https://getmonero.org/resources/research-lab/3. This year we wait for Kovri alpha release according to the roadmap, and first mass tests of Monero over i2p (Kovri is C++ i2p implementation from scratch). https://getmonero.org/resources/roadmap/4. Find my HUGE post few days ago where I argue why absence of anonymity is Total Huge Vulnerability for world's financial system. Transparent blockchains like Ethereum offer smart contracts on a public blockchain, adding one more layer of Total Huge Vulnerability. Opposite that, Monero devs introduces Tari, the Private Smart Contracts. Fluffypony will lead Tari, decentralizing Monero development itself from himself. https://www.reddit.com/r/Monero/comments/8lgvw4/introducing_tari_a_decentralised_assets_protocol/
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95
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: June 02, 2018, 08:56:33 PM
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Some days ago I posted my thoughts to Monero speculation thread, but I suppose they much more fundamental, so I re-phrase them here and may be somewhere else. May be you guys help me in ideas where that thoughts should be posted else. I think people are crazy if they don't respect anonymity or further fight against anonymity, like Japan's FSA that want to ban anonymous cryptocurrencies. I assert that absence of anonymity is One Huge Vulnerability to the national security of any country. As we know most blockchains are transparent and there is just one tiny line that separates a person that stores his financial info on blockchain from total fiasco - the link between wallet address and person email, photo, address, etc. As we can see, governments of many countries fight against anonymity (KYS etc.). Also they centralize all the personal info in one hand. But this is fatal fundamental error. As we can see, if personal data may leak it does leak in short finite time at 100% sure. Because info is a super-liquid substance like liquid helium at sub-critical temperature below ~2 kelvins. Now transparent blockchains come to the scene. WTF???!!! Each gangster for the near future will know ALL the info about you!!! And, if you are rich enough, you will be robbed. Police is just bought or are share-holders or just have been leaked... Look what Chinese HQ create on the days: https://en.wikipedia.org/wiki/Social_Credit_SystemIs not it fucking heavens holly shit 1984?! There is a niche for transparent blockchains, for sure. For example, they may control social things and relations in public domain. BUT MOST OF REAL-WORLD BLOCKCHAINS MUST BE ANONYMOUS! See above... I am very glad when I saw Ricardo Spagni introduction of Tari: https://cryptorecorder.com/2018/05/25/monero-xmr-riccardo-spagni-to-introduce-tari-the-new-ethereum-killer/Also I am very glad that Ricardo Spagni itself introduced his fading participation in Monero developing itself, MAKING DEVELOPING MORE DECENTRALIZED. And the last drop that overflows my patience to be silent, is just found words of https://en.wikipedia.org/wiki/Frank_AbagnaleHE, BEING FBI CONSULTANT, SAID: https://www.youtube.com/watch?v=0AHHo9OXiwE&feature=youtu.be&t=40m35sBlockchain is the best way to secure the information. I think you will see all banks to come to the blockchain. Keeping records through blockchain, because it will become the best way to do so. You cant break the blockchain, you cant change anything on the blockchain. So that bring us to last thing. You cant change anything on blockchain. To some little things that have to be worked out, like example we have many witness programs. So if we know who the person is and we cant change who the person is, then that become the jeopardy to that witness. So the privacy issue comes into play about. Those are the things that has to be tweaked out.SO PLEASE OPEN EYES YOUR NEIGHBORS: ABSENCE OF ANONYMITY IS HUGE VULNERABILITY TO ALL THE COUNTRIES, not anonymity!
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97
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: May 31, 2018, 07:26:22 AM
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I'm not a big fan of forking away from ASICs, but I think it's the only option while Bitmain has a monopoly.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
"egalitarian" is a fundamental philosophical principal. Monero must be ASIC-resistant forever. I have to ask devs - whether it is possible to include timestamp dependencies directly into PoW algorithm? Or in general, could PoW entangle some bits from the outer world, that ASIC to stay impossible without regular forks (typically twice a year) to make ASIC impossible?
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99
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: May 23, 2018, 08:46:08 PM
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This opens incredible perspectives. Tari is 1) Monero atomic swaps between Litecoin => anonymity defense: Japan's Coincheck sucks delisting Monero. We will just 'atomic swap' it to Litecoin. 2) Anonymous tokens => rules forever! Many people think anonymity is just about terrorists, drugs and money-laundering. NO! Anonymity is a Fundamental Financial Base, because otherwise, financial system is One Huge Vulnerability. If any street gangster KNOWS (via blockchain) WHO owns HUGE money, he will just come to the vulnerable person with anal crypto-analysis, and the person just says the wallet secret key to a gangster under wild anal pine. Cops?! They sucks. they have been already bought by a gangster for profit percent. So, to avoid that One Huge Vulnerability, the financial system MUST be Totally Anonymous. Other "anonymous" coins suck. Even ZCash fully depends on the initial secret parameters generation trust. Also ZCash is very vulnerable to transactions between "normal" and "private" addresses. Only Monero based on deep science research made on ring signatures since 2000, i.e. 18 years of test in both mathematical papers and "war" practice, is THE ONLY TRUE cryptocurrency.
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