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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548638 times)
numismatist
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December 03, 2014, 01:37:37 PM
 #17581

Monero's fungibility is higher than Bitcoin (fungibility: lack of way to tell one unit from another - dioxygen is fungible, for instance). Monero is even more fungible than coins, actually (DNA traces on coins, not on Monero) Smiley
(the last sentence, albeit true, is tongue-in-cheek)
You can wash up dna trails, and usually there is a fair amount of random dna background noise on any coin that travelled some way. I am more thinking about why Goldfinger had that laser cutter beam and was always melting up his gold after transport, something you cannot do to Bullion coins due to acute myocardial infarction risks. Especially true for the proof Krugerrands.
Probably due to the thread of marker dopant inside the material. (the last sentence, albeit true, is tongue-in-cheek because of rather absurd James Bond drama levels)
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In semiconductor production, doping intentionally introduces impurities into an extremely pure (also referred to as intrinsic) semiconductor for the purpose of modulating its electrical properties.

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December 03, 2014, 03:21:21 PM
 #17582

Nicely summarized.. imho masternode thing in itself is a horrendous idea.. the infrastructure will become so centralized that it will be so easy to undermine it. Possibilities are endless: buy up several nodes and inject harmful traffic, ddos, bloat the channels, become a trojan horse to snoop, confuse and etc.. Its going to be prone to so many issues in future that they will keep coming up with band aids.. either drk devs have genuine interests but living in ivory tower or this is a masterfully done project to milk average joe as much as possible..

I ask readers to embrace newcomers with patience. Put yourself in the position of one who never followed altcoins and never wanted anything to do with altcoins. Learning about the Cryptonote family alone and its long, varied history is almost overwhelming.
I tried to provide an useful comparison/explanation on the state of anon coins. I hope you'll have as much pleasure reading as I had writing it.
http://www.reddit.com/r/CryptoCurrency/comments/2nu9rg/darkcoin_anoncoin_shadowcash_monero/cmh5ekr
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December 03, 2014, 03:43:02 PM
 #17583

Nicely summarized.. imho masternode thing in itself is a horrendous idea.. the infrastructure will become so centralized that it will be so easy to undermine it. Possibilities are endless: buy up several nodes and inject harmful traffic, ddos, bloat the channels, become a trojan horse to snoop, confuse and etc.. Its going to be prone to so many issues in future that they will keep coming up with band aids.. either drk devs have genuine interests but living in ivory tower or this is a masterfully done project to milk average joe as much as possible..

I ask readers to embrace newcomers with patience. Put yourself in the position of one who never followed altcoins and never wanted anything to do with altcoins. Learning about the Cryptonote family alone and its long, varied history is almost overwhelming.
I tried to provide an useful comparison/explanation on the state of anon coins. I hope you'll have as much pleasure reading as I had writing it.
http://www.reddit.com/r/CryptoCurrency/comments/2nu9rg/darkcoin_anoncoin_shadowcash_monero/cmh5ekr

Ah yes, a person would willingly buy 7000 coins open market and try to destroy the coin (and their investment) in the process. Besides the fact the orderbook is thin as is (still a drop in the bucket for three letter agencies), your 7 masternodes would account for .005% of the network. Good luck getting selected round after round to do any sort of snooping. Further, I'd love to hear your theories on injecting harmful traffic, bloating channels, confusing the network etc on such a small percentage. I could easily go on about conspiracy theories as well--that what if the cryptonote stuff was designed by a three letter agency and they happen to have the key to unmasking each and every transaction on chain. Oh lordy.
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December 03, 2014, 03:46:22 PM
Last edit: December 03, 2014, 04:51:18 PM by othe
 #17584

3 letter agencies can just conficaste them from an exchange/orwherever or they just tell the hosters to give you access anyway. No need to buy coins.
It's the exact problem the most people here dislike proof of stake. It's so to say a PoS system.

Quote
I could easily go on about conspiracy theories as well--that what if the cryptonote stuff was designed by a three letter agency and they happen to have the key to unmasking each and every transaction on chain.

Thats why it got reviewed.




Now back to topic.


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December 03, 2014, 05:12:46 PM
 #17585

I think it's best to wait with marketing before we have all core features implemented and working.

I wonder if it's not overoptimistic: it seems we expect people to flock en masse just because "some marketing"...
The marketing that is synonym to education to a larger community shouldn't be increased by now?


What I meant is agressive marketing/promoting/advertising, we should wait with that till the core features are finished. We can't promote XMR to the darknetmarkets or betting sites without decent core features. I agree with your second point, that we should increase that and educate people about ringsignatures and the privacy monero provides.

In case you are waiting for the missives and missed fluffypony's statement, I will just leave it here again.

Hi guys - just a quick update, we had the Missive up earlier on forum.monero.cc, but pulled it down because of a breaking bug in the Windows 0.8.8.5 builds (OS X, Linux, and FreeBSD are all fine). We're diagnosing and fixing, and will be putting it back up as soon as it's fixed:)

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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December 03, 2014, 05:43:06 PM
 #17586

Or is it maybe login key (word sequence) enough to recover whole wallet ? Can I start simplewallet with those as starting arguments?

In theory the login (seed words) should be enough to recover the whole wallet (once the shorter seed format is fixed), but printing out the whole page and storing it in a safe place is a good idea anyway.



Just be sure to properly dispose of printers with HDD.



A video tutorial on how:
https://www.youtube.com/watch?v=fjsSr3z5nVk
Minotaur26
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December 03, 2014, 05:52:57 PM
 #17587

Nicely summarized.. imho masternode thing in itself is a horrendous idea.. the infrastructure will become so centralized that it will be so easy to undermine it. Possibilities are endless: buy up several nodes and inject harmful traffic, ddos, bloat the channels, become a trojan horse to snoop, confuse and etc.. Its going to be prone to so many issues in future that they will keep coming up with band aids.. either drk devs have genuine interests but living in ivory tower or this is a masterfully done project to milk average joe as much as possible..

I ask readers to embrace newcomers with patience. Put yourself in the position of one who never followed altcoins and never wanted anything to do with altcoins. Learning about the Cryptonote family alone and its long, varied history is almost overwhelming.
I tried to provide an useful comparison/explanation on the state of anon coins. I hope you'll have as much pleasure reading as I had writing it.
http://www.reddit.com/r/CryptoCurrency/comments/2nu9rg/darkcoin_anoncoin_shadowcash_monero/cmh5ekr

I think you should exercise a little humility, I don’t think underestimating other approaches to solving the same problem is the best way to go about it. What if the Masternode network grows to be strong and stable contrary to your assumptions? What if the Darkcoin developers are as talented as any Monero developer? What if a network effect is created by the concept of incentivized node operation that can provide multiple services to the network? Privacy is only one of the services provided by the masternode network, there is already instant transaction confirmations being tested.

I don’t think everybody in this community shares the aggressive attitude towards other projects that are not even competing with you. I have a very high opinion of Smooth and other Monero developers I like their professional approach maybe you guys should follow his example. With regards to marketing, a better approach would be to market XMR strengths rather than trying to project a negative perception of other projects. It would be more intelligent to hedge your investment and buy some DRK, just in case it surprises you, and the same applies the other way around.



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December 03, 2014, 05:54:43 PM
 #17588

I just saw this on reddit: https://www.reddit.com/r/Bitcoin/comments/2o5ghz/blockchaininfo_becomes_the_second_website_after/

I think its a good idea Monero get this certificate for mymonero and have it running on a Tor network, I know Tor is not perfect but still very used.
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December 03, 2014, 06:25:02 PM
 #17589

Quote
that what if the cryptonote stuff was designed by a three letter agency and they happen to have the key to unmasking each and every transaction on chain. Oh lordy.

Seeing as it's open source and uses a standard elliptic curve, no.
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December 03, 2014, 06:32:14 PM
 #17590

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that what if the cryptonote stuff was designed by a three letter agency and they happen to have the key to unmasking each and every transaction on chain. Oh lordy.

Seeing as it's open source and uses a standard elliptic curve, no.

It's so simple: just read the source code (it's an open book to everyone), learn the basics of cryptography (books available everywhere), and convince yourself that the source base is proper and does its anticipated job - to the best of my knowledge several people already did so.
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December 03, 2014, 07:21:29 PM
 #17591

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that what if the cryptonote stuff was designed by a three letter agency and they happen to have the key to unmasking each and every transaction on chain. Oh lordy.

Seeing as it's open source and uses a standard elliptic curve, no.

It was as stupid of an argument as the arguments brought up against the masternode network. I guess I probably should have framed it in sarcasm tags. This isn't a dick measuring contest. Each coin does their own job at anonymity. Whether you want offchain or onchain, take your pick.
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December 03, 2014, 07:30:35 PM
 #17592

I just saw this on reddit: https://www.reddit.com/r/Bitcoin/comments/2o5ghz/blockchaininfo_becomes_the_second_website_after/

I think its a good idea Monero get this certificate for mymonero and have it running on a Tor network, I know Tor is not perfect but still very used.

I'll quote the first comment (sorted by "best") which explains it all and which just happens to be from fluffypony:

Quote
Unfortunately it'll only last till Nov 1 2015, and has to be revoked by October 2016, as the requirements from the CA / Browser Forum don't allow for certificates for "internal names" like .onion (under the auspices that ICANN may in future approve an actual .onion TLD, for instance).
There was some talk of making an except for .onion domains, except there's one snag: the Tor Project don't want to ask for it, because SSL certificates for .onion addresses are redundant and unnecessary. Why? Because the Tor protocol / software already encrypts the traffic between the browser and the hidden service, and since the .onion address is a hash of the host's key the whole communication loop is authenticated. Thus, SSL certs for Tor are only handy when you leave via an exit node, which you wouldn't do for .onion addresses.
In short, the SSL cert is a cute marketing gimmick, but it's going to be revoked anyway and on the whole is unnecessary.

MoneroHash.com - U.S. Mining Pool
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December 03, 2014, 08:03:11 PM
 #17593

Unfortunately it'll only last till Nov 1 2015, and has to be revoked by October 2016, as the requirements from the CA / Browser Forum don't allow for certificates for "internal names" like .onion (under the auspices that ICANN may in future approve an actual .onion TLD, for instance).
There was some talk of making an except for .onion domains, except there's one snag: the Tor Project don't want to ask for it, because SSL certificates for .onion addresses are redundant and unnecessary. Why? Because the Tor protocol / software already encrypts the traffic between the browser and the hidden service, and since the .onion address is a hash of the host's key the whole communication loop is authenticated. Thus, SSL certs for Tor are only handy when you leave via an exit node, which you wouldn't do for .onion addresses.
In short, the SSL cert is a cute marketing gimmick, but it's going to be revoked anyway and on the whole is unnecessary.

Almost a year more?
Too long to hold.

Selling NordVPN account with premium sub - expires 2021! PM me to buy.
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December 03, 2014, 09:20:50 PM
 #17594

Quote
that what if the cryptonote stuff was designed by a three letter agency and they happen to have the key to unmasking each and every transaction on chain. Oh lordy.

Seeing as it's open source and uses a standard elliptic curve, no.

It was as stupid of an argument as the arguments brought up against the masternode network. I guess I probably should have framed it in sarcasm tags. This isn't a dick measuring contest. Each coin does their own job at anonymity. Whether you want offchain or onchain, take your pick.

If you're a darknet operator, this isn't a dick measuring contest, it's the difference between jail time and freedom. It'd be nice to hear from non-investors on the matter and have a legitimate discussion on which coin(s) is anonymous and which one(s) is just claiming to be anonymous--neutral territory, of course.

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December 03, 2014, 11:24:15 PM
 #17595

It'd be nice to hear from non-investors on the matter...

Several reasonable and competent cryptographic professionals have done so.  If you are unfamiliar with their opinions, and the merits thereof, you probably should not be an investor.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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December 03, 2014, 11:34:14 PM
 #17596

If you're a darknet operator, this isn't a dick measuring contest, it's the difference between jail time and freedom. It'd be nice to hear from non-investors on the matter and have a legitimate discussion on which coin(s) is anonymous and which one(s) is just claiming to be anonymous--neutral territory, of course.

That assumes (based on nothing as far as I can tell) an either-or structure to the question where one coin must "real anonymous" and one must be "fake anonymus".

Monero uses on-chain mixing and with stealth addresses and relies on cryptography. Darkcoin is off-chain mixing and relies on semi-trusted nodes to coordinate the mixing process (and soon for other features such as instant transactions). As such they each have a different set of different potential vulnerabilities. Against some hypothesized types of attacks one or the other or both or neither may be susceptible.

They both seem to be sincere efforts in terms of technology. That doesn't necessarily make them equal in terms of competence or quality or security or prospects for success but I don't see the need to use loaded words like "just claiming" in the discussion.

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December 04, 2014, 01:36:50 AM
 #17597

hi guys;

I'm the co owner of poolto.be; it seems like nobody's mining on our pool except us; and we're having a huge server bill to pay; + our fees are ridiculous (last time our sys admin checked we had like 10 xmr in fees total)

A bit of hashrate would help us a lot; because we won't be able to keep paying that big hetzner box for nothing forever.

So please help before our pool dies!

thanks a bunch!
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December 04, 2014, 02:18:19 AM
 #17598

hi guys;

I'm the co owner of poolto.be; it seems like nobody's mining on our pool except us; and we're having a huge server bill to pay; + our fees are ridiculous (last time our sys admin checked we had like 10 xmr in fees total)

A bit of hashrate would help us a lot; because we won't be able to keep paying that big hetzner box for nothing forever.

So please help before our pool dies!

thanks a bunch!
consider updating this:
Quote
2014-0901 - Soft fork changed XMR transfer fee to 0.1, thus we increased also minimum payout from 0.1 to 0.5 XMR!
some minimum helps to lower mining dust (miners will not like owning dust, anyways) but TX fees are on volume, meanwhiles.
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December 04, 2014, 02:50:29 AM
 #17599

ya

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December 04, 2014, 05:47:07 AM
 #17600

Then you can reactivate
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