Anybody considering purchasing any digital assets off of crypto::stocks needs to be made aware:
DVC, LTC, and BTC wallets are supposedly offline (preventing one from withdrawing) even though it seems to be accepting dividend payments from asset owners for shares held any attempt to withdraw your coins will currently fail.
I don't like CryptoStocks at all, but the two things you've mentioned are completely disparate and can run in isolation. In order to accept dividend payments all it needs to do is run a node and watch the blockchain ("watch only" style). To withdraw funds, though, that's a hot wallet and would normally be on separate infrastructure if they have any semblance of a clue. |
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I'm not terribly worried about the recent dumps, they're redistributing wealth.
Are you worried about competitors being just days behind Monero with their code? Including GUI wallet if it's open source? The worrying part is algorithms depending on L3 cache latency to deter gpu/asic use aren't effective, so that part should have been scrapped on day one for a real algo. All this current algo does is make it a botnet coin during it's prime distribution period. The smartest move would be to launch with a GPU algorithm so that you get good market penetration, which anyone knows is essential to a currency. It gets old listening to people claiming a CPU coin has some ridiculous "one man one vote" garbage when it's the exact opposite. CPU coins have the worst distribution and market penetration of any coin. Dogecoin probably has the best market penetration and used GPU, so there's actual real world data on this if it wasn't already blatantly obvious. Dogecoin has this whole "join the Dogecoin Navy" thing where people literally donate spare GPU cycles at a loss to support the network. It's incredibly altruistic and possibly the worst example you could've picked. The algorithm is not designed to prevent GPU mining; it's designed to close the gap between GPU and CPU mining so that 30-year-old SWMs with a 4 GPU rig don't cannibalise the coin and dump to cover their electricity. Someone mining with a botnet has less inclination to dump than GPU miners. At any rate, the PoW is literally the least interesting thing about Monero, and time will tell if the current PoW has any long-term value or not. |
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i am not in the irc chat - is there something fundamentally broken or other fud? or is this just market madness?
There is FUD at the moment going on about Bytecoin, that CryptoNote based coins have a backdoor. https://bitcointalk.org/index.php?topic=512747.msg7018325#msg7018325Personally I think this is a load of rubbish, many people here have read the entire codebase [1] of Monero (that is mostly the original CryptoNote implementation) and there seems to be no evidence of these special keys. [1] I am sure I heard that some of the Monero developers have been over the code. I wouldn't mind this being confirmed again.  Yeah - we haven't noticed anything even close to a remote kill switch, and I don't see that being practically possible. Even if it WERE practically possible, someone would just fork it and remove the relevant bits from the code to make sure they don't lose their money. I'm guessing this is just a play for legitimacy to try and cover up the 82% premine. |
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Hey guys,
I authorized a withdrawal from an exchange site to the GUI wallet (CryptoNoteWallet.exe). I used the address provided under the 'wallet' tab but I still have not received anything and it has been over 24 hours (the exchange has already approved of the withdrawal). The status is ready so it's synced. How could the money just disappear like that? Please help.
Your best bet is to check with the specific exchange that it has gone through and there wasn't a problem with it. |
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So if all thats required to authenticate your deposit into some exchange wallet is the publicly available tx ID, arent we just waiting for some scammers to claim deposits that never happened?
If a sender/buyer/exchanger doesnt send his/her MRO to your address but claims to have done it, then there is no recourse right? Any way to get around this?
You would have to reveal your 1-time private and public keys for that transaction. We are looking at tooling for this later on, but right now the exchanges wouldn't even know how to verify it if you gave them the data. Nonetheless, between the core team and monerochain.info we would be able to verify and prove the validity of a transaction, so even before that tooling exists it's unlikely anyone is going to be able to run that sort of scam. Plus it's unlikely an exchange would go "well, our balance syncs up with what we're expecting, so it's unlikely the transaction occurred...I guess we'll just conjure the Monero up out of thin air and credit this guy's balance", so scammers would have nothing to gain. |
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Yes - but remember: 1 address = 1 wallet. They'd have to manually balance funds between wallets for withdrawals etc. It could be done, but it would be massively inefficient and a PITA to code up. Payment IDs are the easiest / best way.
It is pretty common in bitcoin world to sweep payment wallets into master wallets (some in cold storage) anyway, so this is not necessarily a show stopper. I'd like to see the payment IDs removed from the block chain eventually and replaced with something else. That could be a payment protocol (i.e. off blockchain) or some other approach. I don't know that address-per-customer or address-per-transaction is necessarily the way to go with MRO but it isn't on its face unworkable. In any case it works for now. Once we have GUI wallets the UI issues should be reduced. Yeah - it definitely needs a bit of thought as to what can be done in future. Multiple addresses seem a less elegant solution given the untraceable nature of transactions, but the current payment IDs aren't amazing either. |
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Received my order today (giorgina stackable). I have to post this update. I contacted openrigs two weeks ago again complaining that my order still didn't arrive and the company told me unfortunately it was lost in the custom (I previosly chosen standard/slow shipping). They offered to send a substitute order by registered mail free of charge and it arrived today. I mounted the rig and seems fine (the instructions on their website are exhaustive).
Good to hear |
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Exchange usability is outside of our control. Payments will always require an address and a payment ID...you can't have real anonymity and still have traceability:)
A GUI wallet is something we're working on, and within the next 3-4 months I am certain it will be completed. However, that is a tool more geared towards mainstream adoption. In the meantime, there are extremely important internal aspects of the code (such as the incomplete RPC API) that have to be worked on as a matter of urgency.
Understood - thank you for the complete answer. I respect the solid professionalism and focus of the MRO team. It's a stark contrast to what's going on with other coins. Thanks - we're working as hard as we can, and we hope to continue to deliver awesomeness:) |
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Payments will always require an address and a payment ID...you can't have real anonymity and still have traceability:)
*I think this is incorrect* The exchange can make a new address for every user like it does with Bitcoin, then the user can send the MRO without the need for payment ID. However I do see that the payment ID might be a more efficient way of doing things. Yes - but remember: 1 address = 1 wallet. They'd have to manually balance funds between wallets for withdrawals etc. It could be done, but it would be massively inefficient and a PITA to code up. Payment IDs are the easiest / best way. That's not to say the current system cannot be improved upon. I can foresee us integrating something akin to the Bitcoin Payments Protocol (BIP 0070), but doing it sooner rather than later so that from the very first real merchant integration payments are easier. |
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Did you know about the impending dump before our off exchange transaction?  Smiley noted, but I feel I should respond. I have zero knowledge of what drives trading beyond my own activities and those have been very light since the OTC wrapped up. I think other than yours I've only done one other trade on this coin in the past week or so, possibly two. I'm not involved with any of the web exchanges either, other than trading on them. My response about polo withdrawal issues was from my own experience. Regarding the dump, I've always said that the coin value needs to find some equilibrium. That may be lower, even quite a bit lower. Right now the reality is this coin isn't useful for anything other than speculating on how it might be useful in the future. That doesn't necessarily anchor a lot of value. I'd also like to add that market forces are not predictable and are entirely outside of our control. Often on IRC people ask "why did the price jump" or "why did the price fall" when looking at it over a period of like 5 hours. Once you take a step back, however, you see that just before the Poloniex listing it was hovering around 0.0009 - 0.001, so if it settles between 0.002 and 0.003 that's more than double in the space of 2 weeks. Even so, obsessing over the price and market shifts has never done anyone any good;) |
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Whats going on with the prices? why such major dump? coin dead already? I had tons of hope and hype for this coin... Still mining.
lol coin is just beginning, don't dismiss such ingenuous approach because of a temporary volatility. A lot of people are in it for the money and could care less about what it offers a community. I suppose you're in it only to help mankind and for absolutely no other reason. Is it going to be an entire 3-4 months to a GUI wallet / easy-exchange-usability? Exchange usability is outside of our control. Payments will always require an address and a payment ID...you can't have real anonymity and still have traceability:) A GUI wallet is something we're working on, and within the next 3-4 months I am certain it will be completed. However, that is a tool more geared towards mainstream adoption. In the meantime, there are extremely important internal aspects of the code (such as the incomplete RPC API) that have to be worked on as a matter of urgency. |
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All the original posts are still up here: https://bitcointa.lk/threads/bmf-has-lost-access-to-its-wallet.321036/I'm quite confused as to whether this was a hot wallet for a webwallet, or a wallet used to receive funds from mining operations? In the case of the former, running a hot wallet on a VPS (shudder) or even on the same physical hardware is an architecturally terrible decision. Isolating the hot wallet is, like, step 1 in operating infrastructure that handles money for other people. In the case of the latter...well...why even bother to have it hosted anywhere at all? It could be operated in a VM on one's own laptop without issue. So either we have a case of ignorance, negligence, stupidity, or all 3. Were this a n00b with 4 posts it could be written off as "n00bs gonna n00b", but I think a certain level of expertise is expected from someone that has been here for 3 years and is a "VIP". |
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Are GPU's not as easily bot net'd?
It's more about the numbers. Everyone has a CPU; only a fraction of people have a decently performing GPU. So for coins where high-end GPU rigs make up the majority of hashrate, the effect of botnets is reduced. It won't make as much of a difference as you'd imagine - the whole point of the CryptoNight algorithm is to reduce the gap between GPUs and CPUs. You may find that even with a decent GPU miner, it is still more cost-effective to CPU mine at scale. Either way, I think we've still got a very microcosmic view - we're looking at 5 weeks of history, and we're particularly interested in they last, what, 10 days? All the downward pressure in the world isn't going to affect our ability to innovate and continue to improve Monero by adding utility instead of adding hype. If you're interested in Monero on a long-term basis, it's probably best to ignore the market for 3-6 months whilst some sort of equilibrium is sought and whilst innovation continues to come from us. We aren't trying to drive things hard for a bit and then disappear, so sweating the small stuff that happens in the market on a daily basis isn't going to have any long-term benefit for us as the core team:) |
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Well I guess this continues unabated: URGENTIt has come to my attention that "shares" of CoSign Coin are being offered for sale on bitcoinbourse.eu. CoSign Coin is NOT offering any such IPO or Shares. It has been requested that the fraudulent listing be removed as soon as possible. Please note that someone using the name of " Tauheed Epps" and using the email address of " cosignnamepay@gmail.com" is pretending to be an authoritative source for CoSign Coin - this is not the case. Please find valid contact information on the CoSign Coin website: http://cosign.co.in/helpThank You, Justin CoSign Coin Founder lol. |
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the buyback was for zero btc total. I guess it is a formality to strike it from havelock's books.
the complaint thing is way complicated and I am advised to actually telephone Australia for a bunch of stuff. I cant afford to call Australia as I'm in Canada.
still working on the complaint form even though I don't feel much like even thinking about it these days. I will try to get results emailing the various law enforcement over there, but it don't look good.
it was a dumb investment and i didn't put too much in, i hope nobody else did and judging by what goes on in this thread my guess is not many folks did.
the more I look at it I feel like these kenilworth asshats probably aren't even in Australia, so I'm kinda discouraged, but its on my to=do list.
fuuuu
 What's your Bitcoin address? I'll send you $5 worth of Bitcoin so you can have unlimited calls to Australia for a month. Also, you probably shouldn't be investing in anything if you can't afford $5. |
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When you contact them make sure you use the phrase "The eagle wishes to be saved from revolving under the maroon bridge after midnight", and indicate to them that you already know the password (which is Efjowa3rAWC#Rq3vAWERC#RXAQ#cq@Rwt).
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Is it possible to solomine with cpuminer-multi ?? which port to use??
It's not possible without running the daemon + pool software locally (or in your own private pool). |
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Could the dev team here let us know what's needed to accelerate development of a user-friendly GUI wallet and easy exchange transfers - the absence of this is apparently hurting the coin.
It's technically superior to DRK and anyone else's anon tech - shame for something as minor as this to be holding it back.
You can't accelerate it - with more people working on it you have diminishing returns (and, more likely, negative returns) as they need to communicate constantly with each other to ensure they are working on different parts of it. You need a very small, very tight-knit group of UI/UX/C/C++/Qt developers to attack this, and that is what we have. If this was my team and I were talking to a client I'd tell them that it's 3-4 months of work to do it properly. |
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I sent 0.00100416 BTC yesterday. The TX ID is fb4bb6a44d036696814f8e4498b595b7de07fc1a54f0cde6079028c192e343d9 from address 1JzvztC9HQGsHny5nYRzp6GsY4PP812pop. Since that's all you need to identify me, I guess I'll just wait for my dividends to roll in. You can use the address on my profile.
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