[XMR] Monero - A secure, private, untraceable cryptocurrency

[BanditryAndLoot]

Poloniex trollbox has been flooded with claims OpenBazaar is about to add XMR. If it turns out to be true ... to the moon..

It's not true, OB devs said "Alts suck". Also, I asked them about it a few months ago, they said in the future they may add altcoins, but for a while they will be sticking with BTC.

It's just rumors to try to pump.

Additionally, I thought I also read them saying "Submit a PR"?

[1714212253]

1714212253

[parker928]

Wisdom from cAPSLOCK here:

It would be foolish not to consider the competitive danger of an "anonymous" cryptocurrency with both a network effect advantage as well as a sable codebase, a working disk based database and a user friendly front end at a time when dark markets are learning they are once again vulnerable because of public blockchains.

100% true.  The NSA et all were momentarily confused by the tech behind Bitcoin, but that moment is way past over.

I am not condoning the dark markets in any way, shape, or form..but XMR has a unique opportunity to be "that coin" due to the legitimacy of  its devs.

I agree but dark coin has a terrible distribution compared to xmr, with half of the currency controlled by duff. And the master nodes are a point of centralization.

[papa_lazzarou]

I've been reading for quote a while and can't find any answers... has anyone figured out why the bitmonrod is eating up so much bandwidth? 
Its completely tieing up my network. My average download is 1.8 MB/s for hours (even after the bloackchain is caught up) and the upload isn't looking good either.
This is ridiculous.  I could stream Full HD movies all day and not use this much bandwidth...
I'm not using the wallet until this is fixed for sure.
I like the idea but can't justify the cost. Hope you guys figure it out.

I don't know if you're trolling or not but that is being addressed:

You're not just syncing downstream, you're receiving blocks from multiple peers to establish consensus and you're sending blocks to connected peers. The daemon has no understanding of "bandwidth", it works as fast as it can (which typically means maxing out your line). We are looking at adding a low-level QoS solution in the future, but in the interim you can use the bootstrap blockchain to get you going. As with anything, if you find it to be a major problem please do feel free to fix it and submit a pull request to the main github repo.

Monero Missives

August 16th, 2014

Hello, and welcome to our eleventh Monero Missive!

[...]

7. This week we have been working on finalising the QoS bandwidth control, finalising the mingw64 Windows build system (thus removing the need for Microsoft Visual Studio on Windows builds), and an effort has begun to refactor the wallet code so that integration with the GUI will be much easier later on (and to make things ready for the wallet -> account terminology change).

Dev Diary

[...]

Core: QoS will need to be rebased by rfree once the mingw branch is pushed to the development branch. Subsequent to rebasing, it will also be merged in to development, so barring any breaking issues it should be available for general testing within the next week.

- updated by fluffypony

However I don't know the current status of this development.

[Come-In-Behind]

Wisdom from cAPSLOCK here:

It would be foolish not to consider the competitive danger of an "anonymous" cryptocurrency with both a network effect advantage as well as a sable codebase, a working disk based database and a user friendly front end at a time when dark markets are learning they are once again vulnerable because of public blockchains.

100% true.  The NSA et all were momentarily confused by the tech behind Bitcoin, but that moment is way past over.

I am not condoning the dark markets in any way, shape, or form..but XMR has a unique opportunity to be "that coin" due to the legitimacy of  its devs.

I agree but dark coin has a terrible distribution compared to xmr, with half of the currency controlled by duff. And the master nodes are a point of centralization.

Both true. But Darkcoin excels on their marketing. As does Dogecoin. Shows that marketing plays a huge role in the success of cryptos, this goes for commercial products as well.

Not speaking crypto here: Ever heard of the product, nono?, Well it's practically a "scam", being that it doesn't take your hair off at all, has a 2/5 star rating, and occasional burns it's users. But the marketing of that product has make it's owners millions.

[mik_druid]

Can you estimate how much of the network hashrate is made by botnets?

[mik_druid]

Not speaking crypto here: Ever heard of the product, nono?, Well it's practically a "scam", being that it doesn't take your hair off at all, has a 2/5 star rating, and occasional burns it's users. But the marketing of that product has make it's owners millions.

[/quote]

This has been stated many times. The questino is: what should be done to  make this coin more popular.
The answer is - Make this coin more usable, add markets so one can buy goods for it
                      Make it more user  friendly ( GUI wallet )
                      Make it visible: youtube facebook cryptocurrency news
Any other ideas?
                     

[illodin]

Any other ideas?                     

Start more threads?

j/k

 

[generalizethis]

Any other ideas?                     

Start more threads?

j/k

 

Monero Changetip? I'd like some anonymous tips 

[jwinterm]

Any other ideas?                     

Start more threads?

j/k

 

Monero Changetip? I'd like some anonymous tips 

This would be nice. Even just IRC or reddit tipbots would be nice, but they would be a pretty big departure from the open source bots that are out there, since I think all of the open source bots use the accounts feature in the bitcoin clone type wallets.

[BanditryAndLoot]

Not speaking crypto here: Ever heard of the product, nono?, Well it's practically a "scam", being that it doesn't take your hair off at all, has a 2/5 star rating, and occasional burns it's users. But the marketing of that product has make it's owners millions.



This has been stated many times. The questino is: what should be done to  make this coin more popular.
The answer is - Make this coin more usable, add markets so one can buy goods for it
                      Make it more user  friendly ( GUI wallet )
                      Make it visible: youtube facebook cryptocurrency news
Any other ideas?
                      

Get people in this community to become part of other alternative currency communities. That would be #1 on my list.

[smooth]

Can you estimate how much of the network hashrate is made by botnets?

Not with any real confidence, and anyone who claims they can is mistaken or (more likely) lying to you with an agenda (could be for or against Monero).

My opinion is that it is pretty significant, but not as much as some claim ("all botnets"). But I will be the first to tell you that I really have no idea and I'm just guessing. That is all you can do in a decentralized network where miners come and go independently.

[smooth]

Its completely tieing up my network. My average download is 1.8 MB/s for hours (even after the bloackchain is caught up) and the upload isn't looking good either.
This is ridiculous.  I could stream Full HD movies all day and not use this much bandwidth...

I seriously doubt this is happening after your blockchain is caught up. Most likely something else on your computer is using the bandwidth (maybe a background update downloader). Otherwise something is wrong with your node and we would appreciate your help in debugging it by turning on logging and uploading your log files somewhere.

But most likely it is just not the case. Download bandwidth can be high during syncing and upload bandwidth can be high any time you are providing blocks to someone else who is syncing (usually this happens the most during periods of rapid network growth, so not so much recently). Otherwise I see almost no bandwidth usage on my nodes.

[Hueristic]

Can you estimate how much of the network hashrate is made by botnets?

1.58KB

[bclcjunkie]

i find this event quite bullish for xmr... truly a good opportunity for this coin to step up in areas where people might finally realize importance of privacy and witness how easy NSA or governments can confiscate your wealth under pretext of all kinds of bullshit: terrorism, drugs and etc... and i'm not advocating drugs or some other destructive uses but looking at other possibilities like being able to hedge and move or store wealth wherever i am. Case in point: Russia banning foreign currencies and things like that..   

Wisdom from cAPSLOCK here:

It would be foolish not to consider the competitive danger of an "anonymous" cryptocurrency with both a network effect advantage as well as a sable codebase, a working disk based database and a user friendly front end at a time when dark markets are learning they are once again vulnerable because of public blockchains.

100% true.  The NSA et all were momentarily confused by the tech behind Bitcoin, but that moment is way past over.

I am not condoning the dark markets in any way, shape, or form..but XMR has a unique opportunity to be "that coin" due to the legitimacy of  its devs.

[Quicken]

I am very much looking forward to M3 #18. Especially keen to see the (lower) per-kb transaction fees, as this should encourage greater trading volume/liquidity.

Further news on LMDB progress would be a bonus. 

[tacotime]

I am very much looking forward to M3 #18. Especially keen to see the (lower) per-kb transaction fees, as this should encourage greater trading volume/liquidity.

Further news on LMDB progress would be a bonus.  

The DB works, you can compile the branch and play with it. I'm pretty sure the one below is the correct branch (I haven't been working personally on it).

https://github.com/tewinget/bitmonero/tree/blockchain

[Quicken]

The DB works, you can compile the branch and play with it. I'm pretty sure the one below is the correct branch (I haven't been working personally on it).

https://github.com/tewinget/bitmonero/tree/blockchain

Great. These are two foundation stones for building broader adoption IMHO. Efficiency (in terms of resources and costs) first, then usability.

[ACAB]

You can't expect the raise of public usage unless you show people the official GUI. I don't know why is it so late, more than 6 months passed.

[tacotime]

You can't expect the raise of public usage unless you show people the official GUI. I don't know why is it so late, more than 6 months passed.

We're working on making the software more functional for payment processors and web wallets rather than concentrating on a GUI for the wallet that is attached to the daemon. The vast majority of Bitcoin users do not use full nodes anymore. In fact, only about 700 full nodes even exist on the Bitcoin network anymore.

[onemorebtc]

You can't expect the raise of public usage unless you show people the official GUI. I don't know why is it so late, more than 6 months passed.

We're working on making the software more functional for payment processors and web wallets rather than concentrating on a GUI for the wallet that is attached to the daemon. The vast majority of Bitcoin users do not use full nodes anymore. In fact, only about 700 full nodes even exist on the Bitcoin network anymore.

https://getaddr.bitnodes.io/
http://bitcoinstatus.rowit.co.uk/

^ 7000.... you shocked me