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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548637 times)
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December 11, 2014, 05:58:55 PM
 #17981

Considering all the valuable projects going on, I believe that 2015 will be the Year of the Crypto

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December 11, 2014, 06:19:20 PM
 #17982

...
I'm not usually interested in altcoins myself, but I can see how people can enjoy them. Most altcoin "investing" is a lot like gambling. I can see how trying to navigate and manipulate these tiny markets could be fun for a lot of people. These pump-and-dump altcoins aren't really competitors to Bitcoin: they're really a way of using your bitcoins to gamble. There are also a handful of technologically interesting altcoins like Monero, which I think are very useful for testing new ideas that might one day be incorporated into Bitcoin.

Even theymos finds Monero interesting Tongue

Totally deluding himself if he thinks that Bitcoin even has a chance of integrating CN tech. Tongue
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December 11, 2014, 06:23:15 PM
 #17983

Considering all the valuable projects going on, I believe that 2015 will be the Year of the Crypto
same thing people said about 2014

Own, Track
───────────  and 

Pay

with

ARAX
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December 11, 2014, 06:28:13 PM
 #17984

Considering all the valuable projects going on, I believe that 2015 will be the Year of the Crypto
same thing people said about 2014

Yeah but I've got a feeling  Cheesy

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FULLY
ANONYMOUS

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INSTANT
TRANSFER

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     ▄████▄
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▄██████████████▄
▀██▀ ▀█  ▀█ ███▀
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▄██▄█▄█▄███▄███▄
▀██████████████▀
 ▀▀▀████████▀▀▀
     ▀████▀
API FOR YOUR
PROJECTS

━━━━

  █
  █
  █
████
  █
████
  █
████
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sammy007
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December 11, 2014, 06:37:34 PM
 #17985

Considering all the valuable projects going on, I believe that 2015 will be the Year of the Crypto
same thing people said about 2014

Yeah but I've got a feeling  Cheesy

My nose smell something too, good sign. Wane can't last forever.
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December 11, 2014, 07:05:23 PM
 #17986

...
I'm not usually interested in altcoins myself, but I can see how people can enjoy them. Most altcoin "investing" is a lot like gambling. I can see how trying to navigate and manipulate these tiny markets could be fun for a lot of people. These pump-and-dump altcoins aren't really competitors to Bitcoin: they're really a way of using your bitcoins to gamble. There are also a handful of technologically interesting altcoins like Monero, which I think are very useful for testing new ideas that might one day be incorporated into Bitcoin.

Even theymos finds Monero interesting Tongue

Totally deluding himself if he thinks that Bitcoin even has a chance of integrating CN tech. Tongue

Gmaxwell/Andytoshi are planning to implement it as a Bitcoin sidechain, although that would have to wait until sidechains in general exist. Right now they're in their infancy.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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out of the blue and into the black


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December 11, 2014, 07:24:40 PM
 #17987

Upgraded to 0.8.8.6  and when exiting the daemon, well it just doesn't.  It gives the proper messages as to what it is doing but the blockchain doesn't get stored.  The second time I exited I came back over an our later and I had to just close it. 

I just tried again and same thing.  This time I checked to see if the HDD was active as if it was writing and it was for the entire time.
windows 8.1

If the hard disk is active then it is likely saving but just taking a very long time. You are probably a bit short of RAM.



I synced the daemon just before I updated and it worked.

Update.  I tried again last night and it worked.  I don't know how long it took as I feel asleep for a bit over an hour.  RAM usage during writing to disk totaled 75%, I have 4GB.

Hopefully not too long from now I will once again have a real computer.  It will of course have a SSD.  How much space will the blockchain need now, in a year, in 3 years?

If you don't know where you're going any road will get you there
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December 11, 2014, 07:26:09 PM
 #17988

Totally deluding himself if he thinks that Bitcoin even has a chance of integrating CN tech. Tongue

Gmaxwell/Andytoshi are planning to implement it as a Bitcoin sidechain, although that would have to wait until sidechains in general exist. Right now they're in their infancy.

too much centralization in one coin Cheesy

I'll reiterate my thoughts from Reddit on this -

Quote
The biggest issue I have with sidechains is not the technical merits or lack thereof, but rather that we will be indelibly linked (economically speaking) to Bitcoin, and thus to Bitcoin's price.

In other words, any XMR - USD market will have to go via Bitcoin.

The economic consequences alone make it important for us not to become a sidechain.

The same reason is why anyone shoehorning the tech into a sidechain won't magically give that sidechain an audience or a reason for existence.

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December 11, 2014, 07:30:07 PM
 #17989

Considering all the valuable projects going on, I believe that 2015 will be the Year of the Crypto
same thing people said about 2014

Yeah but I've got a feeling  Cheesy

That's what she said Wink

Hot time, summer in the city, back of my mine getting hot & gritty!!!
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December 11, 2014, 07:36:28 PM
 #17990

Inflation is a serious issue, I am afraid it may kill XMR

We've designed Monero to be slightly inflationary and not deflationary (see OP).

A massive increase in Monero's value will not come from us tweaking magical numbers to create fake scarcity so that "investors" are artificially rewarded. It will come from Monero being useful and usable (in time) to an ever larger potential number of users (which right now it isn't, the barrier to entry is still high from a technical perspective) and there being services built around Monero or that accept Monero with whom privacy is an essential aspect (and there are many use-cases for this beyond the Silk Road...what about a younger person who wants to pay for access to a dating site without his parents knowing his sexual orientation from the credit card bill?)

A dating site is just one of huge number of projects that can be done for Monero usage.

- VPN
- web hosting
- domain names
- porn? (why not - everyone likes a bit of it and everyone likes privacy)

and so on ... only those I mentioned are a large spectrum of wide web of the world.


In my cursory investigation of sites that already accept bitcoin that should accept monero (due to desire for privacy... such as adult toy sites) I came across the fact that BitPay is everywhere.

Any idea how to build a BitPay for Monero? Payero?

< Track your bitcoins! > < Track them again! > <<< [url=https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/] What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! @@@@ FUCK ALL THE PROFITEERS! PROOF OF WORK OR ITS A SCAM !!! @@@@
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December 11, 2014, 07:46:58 PM
 #17991


Any idea how to build a BitPay for Monero? Payero?

It's not so simple.
You need quite alot, like:

- Monero database have to be finished and tested first.
- It's required to have a dedicated server at the first place.
- Nice domain name.
- A good skills to program something unique and nice
- Nice, but simple design
- A bit of marketing to make it alive...

and so on.

Selling NordVPN account with premium sub - expires 2021! PM me to buy.
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December 11, 2014, 07:49:10 PM
 #17992


Any idea how to build a BitPay for Monero? Payero?

It's not so simple.
You need quite alot, like:

- Monero database have to be finished and tested first.
- It's required to have a dedicated server at the first place.
- Nice domain name.
- A good skills to program something unique and nice
- Nice, but simple design
- A bit of marketing to make it alive...

and so on.

Hardest part (for most of us here) and largest cost is the legal side.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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December 11, 2014, 07:52:23 PM
 #17993


Any idea how to build a BitPay for Monero? Payero?

It's not so simple.
You need quite alot, like:

- Monero database have to be finished and tested first.
- It's required to have a dedicated server at the first place.
- Nice domain name.
- A good skills to program something unique and nice
- Nice, but simple design
- A bit of marketing to make it alive...

and so on.

Not to mention a MSB license for dealing with fiat currency.

In the near term, hopefully Shapeshift.io will begin Monero support soon. They said they were going to when I emailed them about a month ago but I haven't followed up yet.


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December 11, 2014, 08:42:14 PM
 #17994

Considering all the valuable projects going on, I believe that 2015 will be the Year of the Crypto
same thing people said about 2014

And they were right. But it seems will be 2015 also year of Crypto and 2016 again. Maybe will last many years before there will be year of something new.

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December 11, 2014, 09:06:27 PM
 #17995

Considering all the valuable projects going on, I believe that 2015 will be the Year of the Crypto
same thing people said about 2014

And they were right. But it seems will be 2015 also year of Crypto and 2016 again. Maybe will last many years before there will be year of something new.

They were right too, you're right about that. Bitcoin has had an incredible year now topped off with the Microsoft thing. And then we have all these interesting projects going on in the alt world too.

The only thing that didn't happen for Bitcoin is the price. But other than that things are pretty good. It's just a question of how people are going to generate demand for things like BTC and XMR.
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December 11, 2014, 09:14:52 PM
 #17996

Hi all - just to let you know that we've fixed the MyMonero modal dialog issue, and you can now use it 100% on your mobile device.

If you come across any other issues using it on a mobile device, please let me know or email info@mymonero.com

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December 11, 2014, 09:51:26 PM
 #17997

Upgraded to 0.8.8.6  and when exiting the daemon, well it just doesn't.  It gives the proper messages as to what it is doing but the blockchain doesn't get stored.  The second time I exited I came back over an our later and I had to just close it. 

I just tried again and same thing.  This time I checked to see if the HDD was active as if it was writing and it was for the entire time.
windows 8.1


If the hard disk is active then it is likely saving but just taking a very long time. You are probably a bit short of RAM.



I synced the daemon just before I updated and it worked.


Update.  I tried again last night and it worked. [/color] I don't know how long it took as I feel asleep for a bit over an hour.  RAM usage during writing to disk totaled 75%, I have 4GB.

Hopefully not too long from now I will once again have a real computer.  It will of course have a SSD.  How much space will the blockchain need now, in a year, in 3 years?

2014-Dec-10 14:30:49.486350 [SRV_MAIN]Storing blockchain...
2014-Dec-10 15:35:07.872327 [SRV_MAIN]Blockchain stored OK.

1h05 on a win7/64, core2duo, 4GB, hdd machine (and yes i know i'm a bit of a masochist)

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December 12, 2014, 12:02:10 AM
 #17998

talking about markets and monero - is anybody working on multisigs? can somebody say some words about this?
that is a crucial thing to have with a proper wallet (and i2p integration).
multisigs might make a big difference, new p2p markets are starting and this is a must have feature


The Monero Research Lab is working through the academic and research portion of this. There's literally no point in implementing multisig without full ring signature support, and so this requires some careful thought to get it right (cryptographically speaking). Just like with everything we do that is integral and deeply tied into Monero, we have to apply the appropriate amount of care, as people's lives and their livelihood can depend on it later on.

I would seriously recommend keeping this closed source if possible when implemented. Maybe 2 versions where the paranoid can use wallets without multi-sig. The first that gets here and can keep it to themselves will be the clear winner.

Added: Thinking more on this and is there any reason this could not be implemented in a wrapper? Just for security reasons that may be a eloquent way to address.

I wish I could still program this would be a great project to work on.

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December 12, 2014, 12:04:06 AM
 #17999

Upgraded to 0.8.8.6  and when exiting the daemon, well it just doesn't.  It gives the proper messages as to what it is doing but the blockchain doesn't get stored.  The second time I exited I came back over an our later and I had to just close it. 

I just tried again and same thing.  This time I checked to see if the HDD was active as if it was writing and it was for the entire time.
windows 8.1


If the hard disk is active then it is likely saving but just taking a very long time. You are probably a bit short of RAM.



I synced the daemon just before I updated and it worked.


Update.  I tried again last night and it worked. [/color] I don't know how long it took as I feel asleep for a bit over an hour.  RAM usage during writing to disk totaled 75%, I have 4GB.

Hopefully not too long from now I will once again have a real computer.  It will of course have a SSD.  How much space will the blockchain need now, in a year, in 3 years?

2014-Dec-10 14:30:49.486350 [SRV_MAIN]Storing blockchain...
2014-Dec-10 15:35:07.872327 [SRV_MAIN]Blockchain stored OK.

1h05 on a win7/64, core2duo, 4GB, hdd machine (and yes i know i'm a bit of a masochist)

When you get a real computer, it will be about 60x faster.

2014-Dec-11 15:57:17.945610 [SRV_MAIN]Storing blockchain...
2014-Dec-11 15:58:20.322671 [SRV_MAIN]Blockchain stored OK.

1m03 on a win8.1, i7, 16GB, hdd machine (with debian VM running a BTC node & yam miner hashing for XMR also utilizing the CPU at the same time)
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December 12, 2014, 01:19:03 AM
 #18000

As a geneticist, I can tell you this would be difficult to pull off - "interpret your genome" is the crux of the problem here.
Yeah, this is it. 23 and me (and others) give unreliable data, because in order to give accurate data, one needs to sequence a person's whole genome and we are very far from it. And that's the difference between genetics and genomics (I'm quoting Laurent Alexandre here, who you must at least have heard of).

I can just imagine some cigar smoking wine twirling upper eschelon type smugly thinking to himself "I'm enjoying this MP3 of which there are only 15 copies in the world." Of course, this would depend on the artist community adhering to a limited edition pressing of their works... and I imagine the artists would be the ones invested in whatever the "mining" component of this network would be.
Heard of webscrapping, or memory leaking? If you can output it, you can copy it - that's why pictures have a visible watermark. Since this is digital, there won't be any loss of information, contrary to analog.

And that's why preventing decentralised double-spend is so huge - it goes against the very basic of digital technology, which is that that copy is identical to the original. Breaking such a fundamental rule of information theory is awesome.

Lets set up a company in Estonia.
e-residency may be quite a useful feature.

what about a younger person who wants to pay for access to a dating site without his parents knowing his sexual orientation from the credit card bill?)
A dating site is just one of huge number of projects that can be done for Monero usage.

- VPN
- web hosting
- domain names
- porn? (why not - everyone likes a bit of it and everyone likes privacy)

and so on ... only those I mentioned are a large spectrum of wide web of the world.
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