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Risto, your original thread is currently prominently linked from the Monero reddit - you may want to edit the OP in your thread to link here.
roy
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Thank you, Risto, for starting the original thread, and thank you, cAPSLOCK, for offering to continue to maintain the Hall of Fame!
And of course, thank you to the Monero team for all the work they are doing!
roy
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25 XMR sent
Which makes me a first dan. I quite like that. As I understand it, in Japan first dan is traditionally considered to represent the level at which you understand the art well enough that you can understand and learn from watching others more skilled than you. EDIT TO ADD: Unlike in the West where many regard first dan ("black belt") in martial arts as a high achievement, AIUI in Japan it is regarded as kind of the baseline of competence, and the beginning of the process of learning rather than the ultimate end. By analogy, holding greater than 2,000 XMR should be considered to be just the beginning of my Monero journey... (Not that I'm currently accumulating further. Happy with my current exposure and intend to HODL for the long haul.) roy |
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Because of popular opinion, I don't  In the last conference, the people there voted in favor of a castle-like castle instead of a palatial one. So the conferences this august (8-18, thread in the appropriate event section), and late september, are still in candlelight. The outbuildings with their 11 hotel rooms, 4 living rooms, conference room, kitchen, sauna and altogether 9 bathrooms, are in very good condition as some of them were built last month, and some of them undergo a renovation this/next month. Question: do you still own that physical silver? I remember talking to you some time ago, I'm was not decided 100% but now I think I should buy some. What was the price you were selling at? I have the silver but it's a good % of my portfolio now. If you come to Malla, Estonia to take delivery, I can sell you 500oz in Maples. The price would be about 15% markup to the bulk Royal Canadian mint pricing (which I cannot find anywhere...  ) Do you Does your company in Estonia still sell physical silver VAT free and ship within the EU? Or is that no more? I know there are other places I can buy VAT free silver from Estonia (for fiat, at least) but I don't know much about them. Of course, the idea of a conference by candlelight suddenly encourages me to come to Malla :-) Although mainly, what little silver I have I mainly hold through https://www.bullionvault.com/ - and that's VAT free because it stays in LBMA vaults. I quite like SLW too (and hold a little) - would be interested to know your thoughts on it? roy |
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25 XMR sent: [wallet 4AQLBp]: transfer 1 46BeWrHpwXmHDpDEUmZBWZfoQpdc6HaERCNmx1pEYL2rAcuwufPN9rXHHtyUA4QVy66qeFQkn6sfK8aHYjA3jk3o1Bv16em 25
Money successfully sent, transaction <f1a139e992433f1bf2cb96fd6be594a7557743f28a91cc6b1253e9600277f040>
[wallet 4AQLBp]:
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no immediate urgency to deploy a database Most computers cannot use XMR without a database, because the chain doesn't fit in memory. I'd consider that urgent. Not urgent enough to do it wrong, however. I'm not sure I'd buy most. Runs fine on my over-three-years-old baby MacBook Air 11 inch. Admittedly 4GB RAM, but it wouldn't surprise me if most computers have that much these days... (Certainly you'd be hard pressed to buy one with less these days.) roy ETA: Maybe most Windows boxes are already struggling badly? For reasons I never really understood, back when Armory was storing the blockchain in memory Mac and Linux users seemed to survive much longer than Windows users did (I think even than 64-bit Windows users did). My aging Mac carried on running Armory fine right up until the RAM reduction code made it into a stable release; Windows users were IIRC having to upgrade to 8GB RAM to have any chance of accessing their coins. Would be interesting to know if that phenomenon is being repeated here... (Not disagreeing this needs to be fixed before it becomes a major issue, of course; just slightly surprised to learn that it might already be a major issue for some people). |
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For it to be officially mainstream, presumably some official needs to declare it such. Perhaps a civil servant in the Department of Mainstream Affairs might issue a press briefing?
roy
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Have you noticed all the Hero members in this thread voicing support for Monero? How many people with activity over 500 do you see in other alt threads?
It's not nothing that the people who saw the intellectual argument for bitcoin *early*, and bootstrapped it, are getting behind another coin....many of us for the first time.
Interesting. I hadn't noticed that was the case more widely. I'm not a hero member myself but I've been a Bitcoiner since mid-2012 and XMR is my first altcoin investment. Risto's support for XMR was a big factor in that. (I still don't know to what extent Risto's success with Bitcoin has been luck and what has been skill - I doubt anyone, even Risto himself, can know for sure - but I certainly read his opinions with interest.) I had considered diversifying a little into alts a while back (LTC, DOGE, PPC) but thought better of it. XMR is the first alt I actually bought (I also have some XRP, but I got that free in a giveaway). roy |
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Oh jeez isnt it interesting that MoneroPool.org is shutting down after I uncovered a keylogger malware attached to their software. I see they are blaming it on "DDOS attacks" I warned everyone how many listened? How many peoples bitcoins, litecoins, other coins will be stolen as a result of this?
Shame on members here for attempting to cover this up shame on you
I'm confused. I'm not mining MRO yet, but I thought pretty much everyone was using Wolf's and/or Claymore's miners, regardless of which pool they mined at? Why would there be pools with special software? That doesn't make a whole lot of sense to me.... |
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So I'm trying to transfer some XMR from Bittrex to Poloniex.
I didn't realize that this coin was going to be different than the others - I just want to make sure I'm doing this correctly.
For between exchanges, do I need to worry anything about this Payment ID?
Bittrex just asks me for the usual info: Wallet address & Quantity
I think you'll probably have to transfer it to your own wallet first and then to Poloniex roy EDIT: But whatever you do, you need to use your Poloniex payment ID otherwise Poloniex won't know whose account to credit. |
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Forgive me for saying this again, but using inflation as a means to pay miners (or anyone else) sounds a lot like a government "trick".
It is, in a way, except that it's exactly Satoshi's trick that makes these coins possible. Since the network has no access to resources from outside the network, it can only rely on internal resources to reward miners. Which basically comes down to issuing coins out of thin air. No one disputes that this is how PoW coins work. The only issue is what happens "in a long time" when the rewards diminish to near zero or zero. If you don't like issuing coins out of thin air, then you really can't like Satoshi-style PoW coins. You wouldn't be alone, BTW, there are plenty of critics. Obviously there is a difference between issuing coins until certain max cap is reached (or at least tending towards a limit - as in calculus -), and issuing coins forever at an ever growing rate (which is what happens when you set a % of inflation). One resembles the mining of gold, the other one is exactly like fiat. Well, actually, in reality there are always some more uneconomic gold reserves that would become economic if the price went up enough. And no one knows the number and size of the as-yet-undiscovered gold fields..... so the economics of gold as a currency is nowhere near as clear cut as you imply. That, and the big one is that there's really no way to know the amount of gold that's been mined already. There's a popular figure that's often bandied about, but it's really just an educated guess - and there's no way to confirm it. roy |
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I do however notice that, as the USD value of my BTC ... I should really stop using that acronym ... my XBT position increases, I'm becoming less tolerant of whatever low risk of total failure. I guess to fully specify an individual's risk profile you need to reserve a dimension for 'total value'. Or at least, my risk profile seems to work like that.
Right. "I could have been a millionaire, but I messed up" is just depressing. People start to cash out, in varying degrees, when their holdings reach life changing amounts (for varying definitions of 'life changing'). This is a good thing, because it means that bitcoin gets spread around more, rather than being concentrated solely with the early adopters. |
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When I first bought in, (just after the FINCEN regulations appearing on Mt. Gox for the first time (which they subsequently ignored)), I thought at that moment bitcoin had a 50% chance of failure. Today, I personally believe that number is around 10%-20%.
I think it depends on what you mean by failure. I'd put the chances of the crypto being broken, the technology otherwise failing, bitcoin being essentially banned worldwide - or some other form of total failure - in the 1-2% range. On the other hand, there is almost certainly already a rather big element of future adoption priced in by the markets. There is a possibility of Bitcoin failing to get any mainstream traction - and of the stores that are currently dabbling with it losing interest. And in that scenario bitcoin's fair value is probably a lot lower than right now. I'd put the probability of this scenario maybe in the 10-20% range. roy |
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Seen issues with EMC over the last hour, too. Wonder whether there is a DOS going on affecting multiple pools?
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Web site is down for me, and got an SMS alert for one of my miners. Still submitting shares though. (BFL forums down, too.)
DOS?
ETA: and ghash.io users reporting problems too - is there a widespread DDoS in progress?
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To say, you shouldn't care what your balance is as long as you can convince yourself that you haven't been the subject of the particular attacks you think likely is, well bizarre. That is a mischaracterization. Have fun. Well, I realise I must be misunderstanding your position. But you seemed to be repeatedly telling me that I shouldn't want to verify my balance. I'm sorry but I want to verify my balance. It's not the only thing I want, but it is one of the things I want. |
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Well, firstly, the ways of verifying that an address is correct have been much discussed, but this doesn't help me much retrospectively. I can't see any way of determining that I haven't been subject to such an attack in the past, except to audit my balance.
Secondly, for a savings wallet in which I pay small amounts in on a regular basis, the risk is that in 10 years time I will discover that the small amount of coins I thought I was paying into my savings wallet every month aren't there.
If I don't discover such an attack for 3 months, I really haven't lost much in the way of savings. So a regular audit woudl work for me. Sure, for someone who regularly receives payments of large numbers of coins, additional precautions are necessary. But that's a very small minority of users.
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The addresses could be checked in realtime. The QR code of the "receiving address" could be scanned by a second system (like say a cellphone) which would verify the address is valid. This could be done by either BIP32 public seed or for random keys signing the all addresses with a private key only know by the cold wallet. Still I do admit this is rather clunky but I don't see another solution.
All great, if you have been doing it since you started using the wallet. Kind of hard to do retrospectively. I can always audit my balance by using a watching-only wallet on a clean install of Armory. I was just trying to figure out if there could be any other way, but it appears not. |
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Ok, it's still not quite the entire blockchain that I need, although it's a lot more than I originally thought.
I do need to prove that I haven't been tricked into spending coins that I think I still have, but that only needs full blocks for those blocks newer than my oldest UTXO. I could deliberately move coins around to avoid any very old UTXO's although that would have privacy implications.
Still, you've convinced me that the only way to do an audit is with the entire blockchain.
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I don't know about you - but I actually want to know how many coins I own. That is the sole requirement here. Really? So if right now I injected my addresses into your wallet but you haven't used them YET and thus your balance is correct but you are in imminent danger of losing coins in the future you would not want to know that? You only want a system which can tell you AFTER you have already had coins stolen (potentially an irreplaceable amount) that they are definitely gone? No... I'm saying it is the requirement I'm asking about here. There are of course many other things one would want to assure oneself of. But auditing the balance of a wallet is a reasonable requirement, surely. To say, you shouldn't care what your balance is as long as you can convince yourself that you haven't been the subject of the particular attacks you think likely is, well bizarre. |
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