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1241  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero (XMR) Speculation thread on: August 10, 2014, 07:17:30 PM
Quote from: rpietila
I have been doing the downloads vs. users analysis with Bitcoin in the past, and found a rough estimate that adoption is 1/3 of the downloads of a mandatory update. (I don't know where the 2/3 go but this is what the data has suggested in the past Smiley).

This part might actually partly assuage one of my earlier points. It would, if there were two mandatory updates in the time frame considered, with download numbers for both.

As for where they go, I'd guess part of it is people trying out, and not sticking with it. I have a few wallets here that I likely won't ever use anymore.

Once mirrors start popping up, it'll become harder to keep track of downloads btw. I don't think there are any yet.

The last mandatory update was on June 10, we only started tracking downloads on July 15. The binaries that everyone is downloading are not nightlies, they are the last stable release, which is the June 10 one. Also, if it was mandatory updates people were downloading, we'd be seeing a lot fewer blockchain bootstrap downloads.

That having been said, we are moving to a distributed download cluster, and will be using a more feature-complete logging platform (since we'll have multiple, geographically distributed instances of nginx), so we'll be able to weed out things that are skewing the stats once we've rolled over to that.
1242  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 10, 2014, 06:45:18 PM
Well, there are two different things you are trying to solve here.

1) Ease of use

2) Not having all transactions at the same mixin level

I don't think pushing the burden of 2 on to the average user is the way to solve it. Its a highly technical detail that 95% of users (or more) are not going to understand or want to think about, and it will constantly make them wonder if they are "doing the right thing" or if their transaction is secure enough. Could even discourage use.

The average user is completely ignorant and scared of technology. They know how to turn on their PCs, click the email icons, and that's about it. Thats not an insult to them. They are experts at their day job being doctors, lawyers, etc... but they just don't have any desire or understanding of tech in general. Given that the GUI wallet's purpose is to remove the complexity and make Monero accessible to the masses (if that's possible), then I would really focus on removing any "cognitive load" on the user. Don't force them to think about things that they can't possible understand anyway.

Perhaps a good solution would be to automatically randomize the mix in value between an upper and lower bound and not expose it at all to the end user. Advanced users that want to specifiy a certain value can do so in their preferences or an advanced options screen.

Once we have the entire interface completed we'll do interface testing with testing groups made up of people in multiple countries from all sorts of backgrounds, so we'll have a good cross-section. Typically they have a series of tasks to perform with no education or training on how to use the product or even what it is. We film them over their shoulder to see how they react and where they get frustrated. During this process we can do A/B testing with the privacy bar on/off between two groups, and then we'll have some tangible feedback as to what works and what doesn't. Should give us some direction as to what to do with that:)
1243  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 10, 2014, 05:55:10 PM
Would it be smart to place some "smart" restrictions around high mixin? To help the blockchain size?

Like- Prevent it on "Dust" sized tx.

When we move to per-kb tx fees then there will be a linear relationship between the mixin level and the fee you pay, so that will discourage that. Ultimately, though, if someone makes a bunch of high mixin transactions, all they're doing is adding to the utxoset, and thus widening the anonymityset (which is a good thing:)
1244  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero (XMR) Speculation thread on: August 10, 2014, 05:19:27 PM
Does anyone know how to use i2p and is active on there? are there are any forums similar to this with interesting info? Since Monero is in touch with i2p network there should be someone that knows how to do it keeping track of anything interesting said there just in case.

We have #monero and #monero-dev on irc2p. It was being mirrored to and from Freenode, but rfree's bot is hiccuping at the moment. He said he'll fix it when he gets a moment:)
1245  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 10, 2014, 02:28:44 PM
Is anyone willing to sell me a small amount of monero? Maybe like 20-ish?

Why not use an exchange?
Because I'm only registered to 1 for altcoins and 1 for Bitcoin.
Registering then transferring the BTC there, buying monero transferring it back is just too much work wasted for a small amount.


If you hop on to IRC on Freenode, then there's a channel for OTC trades - #monero-otc
1246  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 10, 2014, 01:38:20 PM
...The other is for writing an online article that describes how I2P and Tor are a necessary part of keeping cryptocurrency transactions anonymous....

I thought I2P has a zero day vulnerability that gives up user IP's. Has it been patched? I doubt we want to push out articles on a flawed protocol touting how it protects . I haven't kept up so If it's been address then disregard.

Here's what you're referring to (I think) - http://gigaom.com/2014/07/24/researchers-find-serious-flaw-in-i2p-an-anonymizing-layer-used-in-amnesic-os-tails/

Basically the attack was a Javascript-based cross-site scripting (XSS) attack that could deanonymise i2p users who have JS enabled in their browser and visit a malicious website. It would not have affected AnonCoin or Monero users, as neither cryptocurrency uses an in-browser interface. As we all know due to the many exploits that anyone that have followed a similar strategy, anyone using Tor or i2p for web browsing with JS enabled is looking for trouble;) Either way, this has been patched in i2p.
1247  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 10, 2014, 10:53:51 AM
there was a 5620 XMR dumped on bittrex right down to .003 this morning


I have bought some when the value was about .0045, do you think it will recover or I should sell now and take the loss?

I'm not sure, I'm not selling, but it is disappointing to see a strong coin like Monero fall like this. What does it say? That the market is not interested in strong coins at all? But the market is more interested in fluff?

It seems the folly of man is going to be our downside, not any issue with Monero itself.

Dark times.

I'm no good at TA or anything like that, but I can tell you that price movements are part of the market, and so is market manipulation. It only takes a kitty of a couple of hundred BTC to control the XMR trading market right now, so you can't take price shifts as indicative of anything. I mean, let's not forget that Bitcoin's flash crashes have typically settled at 50% of the high before the crash, with the worse taking Bitcoin's value down by 80% in seconds in February of this year.

The only time one should pronounce Monero as dead is if we (the core team) suspend development and walk away. The price genuinely doesn't matter to the core team, and it shouldn't matter to anyone who views Monero as having long-term potential. That long-term potential will take many months to be realised, and it will require a lot of the current efforts to fall into place before utility and usefulness can grow.
1248  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: August 10, 2014, 09:24:50 AM
https://github.com/jl777/privateNXT

So is this just a vanilla CryptoNote fork? What does it have to do with NXT? How is this implementing ring signatures in to NXT?

Or is it just the same type of thing that's happening with "BitcoinDark"? Name the product after something established to imply association?

It's a stock CN fork. If you look his commits: https://github.com/jl777/privateNXT/commits/master he's created the genesis block hash on July 3 and nothing else. It's completely stock, unchanged from the CryptoNote "starter kit".
1249  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Petitioning Major outlets and Exchanges for Monero (XMR) on: August 10, 2014, 07:50:55 AM
No

You're still not demonstrating even the slightest understanding of Monero's technical underpinnings. If you want to have a discussion, tell us about our technical shortcomings, not the actions of users. That sort of butthurt strategy hasn't stopped Apple from being successful (in spite of anyone who uses an Apple product being labelled a "fanboi"), and it won't stop Monero from being useful and useable.
1250  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: August 10, 2014, 07:44:38 AM
Not using cryptonote and not hot air. Read the paper before commenting please.

I read the whitepaper, although I struggled to get through the ridiculous analogies that seem shoe-horned to fit with the "pirate" metaphor instead of being suited to task. Oh, and the lack of references by footnote is extremely frustrating (an appendix of reading material is not a footnote).

He acknowledges that the ring signature implementation in Monero "'is absolutely spectacular’ and the advances it offers groundbreaking". I do think he misses the point when he claims that "weak correlations are still possible", as ring signatures in Monero are combined with always-on stealth addresses. Thus, practically speaking, his example of 1.23 RingCoins if sent with a mixin of 15 would not actually just have 15 ring signatures. It would be 15 for each output, thus a total group for that transaction of 45 signatures, and unless you can crack the stealth addresses (ie. brute-force a 256-bit hash, which would take more energy than exists in the universe to crack just 1) for at least 42 of the signatures you simply have no way of knowing which of those signatures is real and which are fake. Even if you did know which was real by some miracle, you still only have the stealthed destination and not the actual address. Those outputs will be used in future both in ring signatures and in an actual transaction, but since there is no way of knowing if an output is real or not it will forever be considered unspent (spends at mixin=0 notwithstanding). Therefore, even weak correlations are not possible due to the combination of stealth addresses and ring signatures.

His main criticism of CryptoNote is that the blockchain bloat causes the Monero blockchain to be "an order of magnitude" larger than Bitcoin's. The first problem with the criticism is that it he uses completely incorrect numbers. He uses the actual Bitcoin blockchain data, but then for Monero he uses it's current on-disk size. Currently, the Monero blockchain is stored in an inefficient, duplicated, flat format. It is vaguely analogous to storing your holiday snaps in BMP instead of high quality JPG - the BMPs will take up a significantly larger amount of storage space for no appreciable advantage. We are moving Monero's blockchain to an embedded database precisely to solve this. If you use the actual blockchain data then you will find that, on average, excluding the dust transactions that came from pools earlier in Monero's history, the blockchain is 5.5x linearly larger than Bitcoin's (10x larger, or a single order of magnitude, only occurs if you include the early dust transactions). That means that in 3-5 years, ostensibly, if Monero has the same reach as Bitcoin and has achieved the same level of traction we should see the blockchain at around 110gb, hardly a figure to write home about when you consider that the majority of users will use web wallets and thin clients, and those that choose to run full nodes will most assuredly have 110gb of free space.

Beyond that, the lack of commonly accepted cryptographic terms makes it exceedingly difficult to understand what he's trying to achieve. There is no problem with making a term up, as long as it is thoroughly explained before use in the rest of the paper, but using the term "hyperspace" in a technical paper that has nothing to do with space travel just makes it illegible. Finally, anything that relies on "privacy servers" operated by amateurs volunteers will end up relying on a ridiculously small group of servers to not be compromised. That these servers are meant to be run by "anyone" on a VPS shows a distinct lack of understanding of the threat model. If Tor's exit nodes can be similarly attacked to find the location of SR's server (which they did, and then they compelled data centres in Latvia, Sweden, and Romania to hand over a copy of the data on the server - and since they had physical access to the server on-disk encryption would be irrelevant since they can just access data that is unencrypted in-memory) then you can bet that anything reliant on a group of servers for privacy is doomed to failure. Relying on a group of servers for convenience (eg. Electrum) is a vastly different exercise, this should never be relied upon for privacy.
1251  Alternate cryptocurrencies / Altcoin Discussion / Re: Anonymity on: August 10, 2014, 06:55:48 AM
I'm learning a lot from you. I think it's a good trade off, bigger hard disk space but un-linkable and untraceable transaction. I don't know anything about how blockchain works, but I'm thinking about a wallet which deletes the data which is, for example, a month old and can be used just for send/receive. Another wallet for the network. I haven't read the last posts here, and I guess I will find my answer there.

Wallets themselves don't take up sufficiently large amounts of space, the issue is that the blockchain contains the transactions for EVERY wallet (including mixing transactions in the case of other anonymous coins). As smooth explained, most Bitcoin users are using web wallets (Coinbase, Blockchain.info, GreenAddress, etc.) or SPV-style wallets (Electrum, Multibit, etc.) where you don't store the whole blockchain, only the info relevant to your wallet (which is tiny). All of the backends to those services, though, are running full nodes with the full blockchain by necessity.
1252  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Petitioning Major outlets and Exchanges for Monero (XMR) on: August 09, 2014, 10:36:08 PM
Maybe you're not shills after all, it could be a cult .... maybe you should move to Guyana and build Monerotown.  

Worth a shot!

So let me get this straight. A group of people work to improve something from a reference implementation to a point where it actually has utility and value. Along the way they garner attention from people of all sorts with all levels of intelligence, education, and background. Those people express - sometimes quite vocally - their enthusiasm for the work that the budding group are doing.

You label their enthusiasm "shilling" and "a cult".

Don't you think that's a bit disrespectful to those people genuinely trapped in religious cults today? Don't you think your overly liberal use of terms that are clearly not applicable does nothing to prove your point, and only serves to reduce your own credibility?

If you want to tackle Monero, tackle us on a technical level. Point out where we are abjectly and unequivocally wrong on some technical approach. Show us the fundamental errors we've made with regards to implementation or cryptographic primitives or user threat modes or attack surfaces. Beyond that? Let the cryptocurrency live or die on its own merit if it is not fundamentally technically broken.
1253  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero (XMR) Speculation thread on: August 09, 2014, 10:30:23 PM
A lot of noise is made about this coin, especially on the Trollbox at Poloniex.

Poloniex just happens to be the place where people trade it.

In terms of whether it will be a success, I can only say it won't, or at least it won't last long into the future.

I have not seen a coin with more shills.

Plus, DRK captured the high-end of that particular market. Before anyone says DRK is not really anonymous, I would like to pre-empt you by saying most people don't care about anonymous transactions. BTC is pretty anonymous anyway. I used it for a year on SR, never got a problem, even when my last payment ended up in the hands of the authoirties when SR was jumped.

Maybe the owners of it watch a lot of James Bond, but for most people there is no reason to buy into something that carries such a risk. When you shill and shill and shill, then you tell me that your product is not really worth my time.
DRK provides enough privacy for 99.9% of people. If you're trying to fund a terrorist movement or buy weapons of mass destruction ( the cases where you would need "bulletproof" anonymity), no solution will ever be perfect. That's why I just don't understand who Monero is targeting. They won't get the privacy market, there will be tens of coins offering privacy by the time Monero achieves decent usability. The only reasons I can think of for wanting to cross the bridge from privacy to complete anonymity all involve breaking the law. So criminals? Dissidents in totalitarian countries?

What you're not understanding is that transaction privacy is just ONE of the features Monero has and will have.

It is not our sole reason for existence, it is not the only feature we have.

If you want a one-trick pony, pick any of the scamcoins that exist and will exist. As for Monero? We're just making something useful, something useable. No more and no less.
1254  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 09, 2014, 09:53:35 PM
Maybe dumb question, but what are the effects of higher vs lower mixins on

-blockchain size
-transaction speed

blockchain size

The higher the mixin the greater the physical transaction size, so if everyone is using a mixin of 100 it would increase tx size (and thus block size) linearly with the mixin amount.

transaction speed

Zero impact. Unlike a coin that uses multiple stages of mixing, onion mixing, or CoinJoin (even with multiple mixing stages) a tx is the same speed whether it has a mixin of 2, 20, or 200.
1255  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero (XMR) Speculation thread on: August 09, 2014, 09:44:07 PM
Nutildah, these are obviously from someone trying to dilute the quality of posts in the Monero thread in order to make the coin look spammy.
They are annoying posts even though the message is pro-Monero.

Your reverse psychology has no effect on me Mr. Hussein. The agency has already prepped me for your sneaky maneuvers.

Can we get GPG signed confirmation from both of you of the bet?

:-P
1256  Alternate cryptocurrencies / Altcoin Discussion / Re: Creating revolutionary new alt-coin.. Need people to bounce ideas off of on: August 09, 2014, 08:42:08 PM
rg...dude...the people in #bitcoin-otc you lent money from want a word with you.

Maybe pay back the money you owe them first before you seek funding for this idea or pursue it in any way, people talk about you every few days in the room as they wait for you to reappear and sort out your loan repayments.
1257  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 09, 2014, 08:37:31 PM
You guys did a fantastic job with the GUI wallet. A big step forward in usability and professionalism.

One comment on the "privacy level" display issue. I think that will confuse most users who are not crypto geeks. I would recommend hiding that in an advanced tab or settings somewhere and just use a good default value. The average person who sends money will not understand or want to worry about that, and in fact, it may make them feel nervous or unsure of what they are doing.

Don't you think this is a knowledge transfer / user education thing? I mean, after the first start wizard new users will see the tutorial screen (I'll show that off when completed), so before they see the privacy slider in the natural course of things they'll learn what it is.

Not showing the privacy slider effectively locks 90% of future transactions in at a single mixin (or even a random selection from a group), so this is something we need to keep loose so that the anonymityset isn't slightly reduced by a fixed mixin level.
1258  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 09, 2014, 05:52:42 PM
Another thing you might consider is to switch the font sizes on locked and available balance. When sending money I would be interested in how much money are available for sending, and not how much are not available, hence the bigger font for the available. Alternatively, you can use a different color for the locked balance like orange, red, etc. to denote unavailability of funds.

Probably in addition to that it's more logical to move available balance on top of locked.

This is something already changed in the next sprint, but didn't reflect in the one I showed off:)
1259  Alternate cryptocurrencies / Altcoin Discussion / Re: ducknote vs monero - what does the future hold? on: August 09, 2014, 05:26:14 PM
Monero has no cons while other altcoins have the same number of pros! So the right answer is obvious.

How can you compare this stupid altcoins with God blessed Monero?!

Never compare XMR with others coins. You know why? Because it is ridiculous.

Whoever is running this newbie-shill-train...this is getting more than a little tiring.
1260  Alternate cryptocurrencies / Altcoin Discussion / Re: [Poll] What anonymous coin will succed? on: August 09, 2014, 05:23:18 PM
btw, XMR is a coin with ninjamine still it works fine for many miners.

lol. Just because a coin is currently profitable to mine doesn't mean it has a "ninjamine".

To quote this: http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#monero

Quote
There are no instantmines or premines in Monero. The smooth block subsidy scheme could be a little bit more tapered towards a slower distribution than it is, but ultimately this coin passes the smell test.
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