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

[wpalczynski]

What would be really nice in terms of the simplewallet functionality is if there was a way to change your simplewallet password.  Is such a feature planned at all?

more unprofitable for the botnet dumpers.

Surely they are at 100% profit, others hashing doesnt affect that right?

It is a myth that botnets are 100% profit. It is well documented that botnet nodes have a market price. If mining brings in less than that, it is better to sell the node (or do something else with it).

Our primary concern though is creating the most secure and private coin and that means (among other things) decentralization of mining. If that includes botnets, well, we can't solve every problem in the world. As fluffypony said it can a relatively small part of the system, assuming a large number of users. But without users, none of this actually matters.

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[jwinterm]

What would be really nice in terms of the simplewallet functionality is if there was a way to change your simplewallet password.  Is such a feature planned at all?

more unprofitable for the botnet dumpers.

Surely they are at 100% profit, others hashing doesnt affect that right?

It is a myth that botnets are 100% profit. It is well documented that botnet nodes have a market price. If mining brings in less than that, it is better to sell the node (or do something else with it).

Our primary concern though is creating the most secure and private coin and that means (among other things) decentralization of mining. If that includes botnets, well, we can't solve every problem in the world. As fluffypony said it can a relatively small part of the system, assuming a large number of users. But without users, none of this actually matters.

I think you can change your password when you recover from the mnemonic seed.

[liteon]

When the Monero database will be ready (and tested)?

[Hueristic]

Any decent projections on BTC price in next month, I've been waiting for it to dip again but it's holding pretty steady last week or so. I want to invest this months income in xmr but want to grab the btc as low as possible obviously.

[wpalczynski]

Whats a decent projection?  If you are asking for an accurate one there doesnt seem to be such a thing in these markets.

Any decent projections on BTC price in next month, I've been waiting for it to dip again but it's holding pretty steady last week or so. I want to invest this months income in xmr but want to grab the btc as low as possible obviously.

[xulescu]

I'm having trouble with bitmonerod on Win7/64 - it hangs on initializing the P2P server. From bitmonerod.log:

Code:

2014-Dec-09 09:45:42.550851 bitmonero v0.8.8.6-release
2014-Dec-09 09:45:42.550851 Module folder: C:\Users\****\AppData\Roaming\bitmonero\bitmonerod.exe
2014-Dec-09 09:45:42.551851 Initializing P2P server...

It stayed like this for about 15 minutes before I gave up waiting. In this meanwhile, bitmonerod uses about 4 MB of RAM and has no CPU usage. Any clues?

Seems it does start at some point, after two long delays. Here's some logging:

2014-Dec-09 09:53:43.764375 bitmonero v0.8.8.6-release
2014-Dec-09 09:53:43.765375 Module folder: C:\Users\****\AppData\Roaming\bitmonero\bitmonerod.exe
2014-Dec-09 09:53:43.765375 Initializing P2P server...
2014-Dec-09 10:11:32.114481 Binding on 0.0.0.0:18080
2014-Dec-09 10:11:32.115481 Net service bound to 0.0.0.0:18080
2014-Dec-09 10:11:32.116481 Attempting to add IGD port mapping.
2014-Dec-09 10:11:36.124710 No IGD was found.
2014-Dec-09 10:11:36.124710 P2P server initialized OK
2014-Dec-09 10:11:36.125710 Initializing protocol...
2014-Dec-09 10:11:36.125710 Protocol initialized OK
2014-Dec-09 10:11:36.125710 Initializing core RPC server...
2014-Dec-09 10:11:36.125710 Binding on 127.0.0.1:18081
2014-Dec-09 10:11:36.125710 Core RPC server initialized OK on port: 18081
2014-Dec-09 10:11:36.126710 Initializing core...
2014-Dec-09 10:11:36.126710 Loading blockchain...
2014-Dec-09 10:11:36.126710 Can't load blockchain storage from file, generating genesis block.
2014-Dec-09 10:11:36.275719 Blockchain initialized. last block: 0, d888.h10.m11.s36 time ago, current difficulty: 1
2014-Dec-09 10:31:49.936136 Core initialized OK
2014-Dec-09 10:31:49.937136 Starting core RPC server...
2014-Dec-09 10:31:49.938136 Run net_service loop( 2 threads)...
2014-Dec-09 10:31:49.939136 [SRV_MAIN]Core RPC server started ok
2014-Dec-09 10:31:49.939136 [SRV_MAIN]Starting P2P net loop...
2014-Dec-09 10:31:49.940137 [SRV_MAIN]Run net_service loop( 10 threads)...
2014-Dec-09 10:31:50.940194 [P2P7] .......... started syncing ..........

[BoscoMurray]

I'm having trouble with bitmonerod on Win7/64 - it hangs on initializing the P2P server. From bitmonerod.log:

Code:

2014-Dec-09 09:45:42.550851 bitmonero v0.8.8.6-release
2014-Dec-09 09:45:42.550851 Module folder: C:\Users\****\AppData\Roaming\bitmonero\bitmonerod.exe
2014-Dec-09 09:45:42.551851 Initializing P2P server...

It stayed like this for about 15 minutes before I gave up waiting. In this meanwhile, bitmonerod uses about 4 MB of RAM and has no CPU usage. Any clues?

Seems it does start at some point, after two long delays. Here's some logging:

2014-Dec-09 09:53:43.764375 bitmonero v0.8.8.6-release
2014-Dec-09 09:53:43.765375 Module folder: C:\Users\****\AppData\Roaming\bitmonero\bitmonerod.exe
2014-Dec-09 09:53:43.765375 Initializing P2P server...
2014-Dec-09 10:11:32.114481 Binding on 0.0.0.0:18080
2014-Dec-09 10:11:32.115481 Net service bound to 0.0.0.0:18080
2014-Dec-09 10:11:32.116481 Attempting to add IGD port mapping.
2014-Dec-09 10:11:36.124710 No IGD was found.
2014-Dec-09 10:11:36.124710 P2P server initialized OK
2014-Dec-09 10:11:36.125710 Initializing protocol...
2014-Dec-09 10:11:36.125710 Protocol initialized OK
2014-Dec-09 10:11:36.125710 Initializing core RPC server...
2014-Dec-09 10:11:36.125710 Binding on 127.0.0.1:18081
2014-Dec-09 10:11:36.125710 Core RPC server initialized OK on port: 18081
2014-Dec-09 10:11:36.126710 Initializing core...
2014-Dec-09 10:11:36.126710 Loading blockchain...
2014-Dec-09 10:11:36.126710 Can't load blockchain storage from file, generating genesis block.
2014-Dec-09 10:11:36.275719 Blockchain initialized. last block: 0, d888.h10.m11.s36 time ago, current difficulty: 1
2014-Dec-09 10:31:49.936136 Core initialized OK
2014-Dec-09 10:31:49.937136 Starting core RPC server...
2014-Dec-09 10:31:49.938136 Run net_service loop( 2 threads)...
2014-Dec-09 10:31:49.939136 [SRV_MAIN]Core RPC server started ok
2014-Dec-09 10:31:49.939136 [SRV_MAIN]Starting P2P net loop...
2014-Dec-09 10:31:49.940137 [SRV_MAIN]Run net_service loop( 10 threads)...
2014-Dec-09 10:31:50.940194 [P2P7] .......... started syncing ..........

Same problem here

[kazuki49]

here is syncing fine, maybe because i started from the beginning?

[infofront]

Any decent projections on BTC price in next month, I've been waiting for it to dip again but it's holding pretty steady last week or so. I want to invest this months income in xmr but want to grab the btc as low as possible obviously.

It will go lower. 

[xulescu]

here is syncing fine, maybe because i started from the beginning?

I started from the beginning too. Right now I'm fully synced and saving the blockchain for the first time.

[bigj]

I just tried the new Monero 0.8.8.6-release. Maybe it's a stupid question but those "25 words" that can be used to recover access to my wallet seems to be generated from some predefined dictionary... so I'm wondering

(i) if I can choose my own set of 25 (imaginary) words, and
(ii) if a brute-force wordbook attack would be feasible in order to crack my wallet given that the predefined dictionary is surely finite.

In short, can I somehow turn this recovery-feature off to feel safer?

[aminorex]

At the exchange peak daily emission was 106 kUSD.  Today it is (instantaneously) 6.4k, > 16x smaller.  

[kazuki49]

At the exchange peak daily emission was 106 kUSD.  Today it is (instantaneously) 6.4k, > 16x smaller. 

and its getting lower and lower each day and will never go back up

[fluffypony]

I just tried the new Monero 0.8.8.6-release. Maybe it's a stupid question but those "25 words" that can be used to recover access to my wallet seems to be generated from some predefined dictionary... so I'm wondering

(i) if I can choose my own set of 25 (imaginary) words, and
(ii) if a brute-force wordbook attack would be feasible in order to crack my wallet given that the predefined dictionary is surely finite.

In short, can I somehow turn this recovery-feature off to feel safer?

1. No

2. It's a 24 word seed + a single word checksum. This gives you a 256-byte key generated from a 1626-word word list (position relative to the previous word is important, and they're generated in sets of 3 - i.e. 32 bits per set). You'd need the world's computational power and then more time than our sun will exist.

[aminorex]

At the exchange peak daily emission was 106 kUSD.  Today it is (instantaneously) 6.4k, > 16x smaller. 

and its getting lower and lower each day and will never go back up

That remains to be seen.  It is contrary to my own expectation:  At this point, a dozen middle-class enthusiasts could buy all of the emission, forever.  The potential value will only be unlocked by network effects when an economy develops.  Meanwhile, the number and conviction of the hard-core buyers will make the long-term minimum support level clear very very soon.  Actually building an economy will require further improvements in the software situation.

[thefunkybits]

Anyone else thinking we've hit the bottom for Monero?

I know I took this oppurtunity load the boat!

[liteon]

Anyone else thinking we've hit the bottom for Monero?

I know I took this oppurtunity load the boat!

Who knows?
Yesterday (price was 10% higher) i thought that THAT was the bottom.

[primer-]

Its only going to get worse... IMO, its dead...

[saddambitcoin]

Well, we can keep talking about the price or we can do something about it. Perhaps the price looks "dead" but I have never seen development so alive. As you can see with some recent unexpected price surges like CLAM, all a coin needs is for someone to have a good reason to use it. There are many speculators here with deep pockets, but the smart ones will only wait for lower prices to buy.

If you believe in Monero, right now it costs *nothing* to join the top XMR yielding game in the world - Crypto Kingdom. Yes, it only lives on databases right now but a "GUI" is underway. In game assets ("Gold") are at an all time low price (87,000 moneritos/CKG).

My characters currently make at least 8 XMR per diem in total with very minimal work on my part! Other players have done nothing and amassed 185+ XMR (of in-game value) with no effort.  

One can assume that although the developers do not intend this, in the future someone will create an aftermarket for selling in-game CKG and moneritos for actual XMR. So by playing now, you are earning real money by just having fun and playing a game. It is in your best interest to join now while the game is progressing at 2 years per real day.  

If anyone wants to join the game, but maybe they don't have the time to learn all the rules - I am offering a character management service. I will advise on getting your player started and in the game for a small fee. Please PM me if interested.

[smooth]

When the Monero database will be ready (and tested)?

When it is ready. You can help by testing it.