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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548436 times)
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December 16, 2014, 08:10:06 AM
 #18161

Official Monero Forum Link

Quote from: forum.monero.cc
Monero Monday Missives

December 15th, 2014

Hello, and welcome to our twenty-first Monero Monday Missive!

Major Updates

1. We're aware of the 0.8.8.6 slow startup issues on some Windows environments (over an hour for the daemon to startup for some people). We believe we've identified the problem, and will be rolling out a test fix in the next couple of days, for inclusion in 0.8.8.7

2. There have been a number of patches merged over the past week to fix issues with simplewallet's new multi-language mnemonics

External Projects

MyMonero: due to a very broad DDoS attack at the data center in which MyMonero is hosted (not targeted at MyMonero) the service was offline on Sunday for a 12 hour stretch. We are putting some effort in place to ensure this does not happen again in future. New features added this past week: a "copy to clipboard" helper is now available on the right of your Monero address on your dashboard, as well as on the login key review screen and account details screen. In addition, clicking on a transaction in the dashboard or your transaction history screens will show additional details, such as the payment ID used.

ForkGuard: added MyMonero.com and MoneroClub.com

I2PD: massive progress was made this week adding support for the su3 router update format (the previous .sud / .su2 format being deprecated), which is used to deliver updates to all routers on the i2p network, including: router update alerts, plugin update alerts, reseed data, and news feed items. Details on the su3 format can be found here: https://geti2p.net/en/docs/spec/updates

Dev Diary

Account: still more fixes to the restore paths and multi-lang mnemonics, known issues with UTF-8 on Windows remain

Core: libunbound lookups moved to a thread in order to trap for failing / slow DNS lookups

Until next week!

updated by fluffypony
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December 16, 2014, 08:11:30 AM
 #18162

Official Monero Forum Link

Quote from: forum.monero.cc
Monero Monday Missives

December 15th, 2014

Hello, and welcome to our twenty-first Monero Monday Missive!

Major Updates

1. We're aware of the 0.8.8.6 slow startup issues on some Windows environments (over an hour for the daemon to startup for some people). We believe we've identified the problem, and will be rolling out a test fix in the next couple of days, for inclusion in 0.8.8.7

2. There have been a number of patches merged over the past week to fix issues with simplewallet's new multi-language mnemonics

External Projects

MyMonero: due to a very broad DDoS attack at the data center in which MyMonero is hosted (not targeted at MyMonero) the service was offline on Sunday for a 12 hour stretch. We are putting some effort in place to ensure this does not happen again in future. New features added this past week: a "copy to clipboard" helper is now available on the right of your Monero address on your dashboard, as well as on the login key review screen and account details screen. In addition, clicking on a transaction in the dashboard or your transaction history screens will show additional details, such as the payment ID used.

ForkGuard: added MyMonero.com and MoneroClub.com

I2PD: massive progress was made this week adding support for the su3 router update format (the previous .sud / .su2 format being deprecated), which is used to deliver updates to all routers on the i2p network, including: router update alerts, plugin update alerts, reseed data, and news feed items. Details on the su3 format can be found here: https://geti2p.net/en/docs/spec/updates

Dev Diary

Account: still more fixes to the restore paths and multi-lang mnemonics, known issues with UTF-8 on Windows remain

Core: libunbound lookups moved to a thread in order to trap for failing / slow DNS lookups

Until next week!

updated by fluffypony
wow,catchy catchy
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December 16, 2014, 10:24:26 AM
 #18163

A Monday missive that came in time, ho-ho-ho very good, very very good! Thanks for posting and nice to see the things are moving!



Now, 2 newbish questions:

1. If I want to create a new wallet, do I have to start and sync the daemon, or it is fine to just start simplewallet.exe on an offline computer?
Yeah, I want to start putting a couple monero somewhere safe, for when they'll get to 1000$ Wink

2. The concept of viewkey is not working yet, right? I didn't pay attention to all the news here, sorry about that.

Thanks!

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December 16, 2014, 10:57:41 AM
 #18164

A Monday missive that came in time, ho-ho-ho very good, very very good! Thanks for posting and nice to see the things are moving!



Now, 2 newbish questions:

1. If I want to create a new wallet, do I have to start and sync the daemon, or it is fine to just start simplewallet.exe on an offline computer?
Yeah, I want to start putting a couple monero somewhere safe, for when they'll get to 1000$ Wink

2. The concept of viewkey is not working yet, right? I didn't pay attention to all the news here, sorry about that.

Thanks!


If you just want to create a wallet (AKA monero account)  you just need to run simplewallet.

I thought I might dig this up:

 - Fluffypony's Step-by-step Cold Storage Account Creation Guide for the Paranoid Android -


My suggestion is as follows:

1. Take any machine you have lying around, even your normal workstation. You may find it easier to use an older computer that has no wifi or bluetooth if you're particularly paranoid.
2. Create a Linux or Windows bootable disk, and make sure you have the Monero binaries on the same disk or on a second disk (for Linux make sure you have also downloaded copies of the dependencies you will need, libboost1.55 and miniupnpc for instance).
3. Disconnect the network and/or Internet cables from your machine, physically remove the wifi card or switch the wifi/bluetooth off on a laptop if possible.
4. Boot into your bootable OS, install the dependencies if necessary.
5. Copy the Monero binaries to to a RAM disk (/dev/shm in Linux, Windows bootable ISOs normally have a Z: drive or something)
6. Don't run the Monero daemon. Instead, using the command line, use simplewallet to create a new wallet.
7. When prompted for a name, give it any name, it doesn't really matter.
8. When prompted for a password, type in like 50 - 100 random characters. Don't worry that you don't know the password, just make it LONG.
9. Write down (on paper) your 24 word mnemonic seed.
10. Write down (on your phone, on paper, on another computer, wherever you want) your address and view key.
11. Switch off the computer, remove the battery if there is one, and leave it physically off for a few hours.

There you go - the wallet you've created was created in RAM, and the digital files are now lost forever. If some magical hacker manages to somehow get the data, they will lack the long password to open it. If you need to receive payments, you have the address, and you have the view key if needed. If you need access to it, you have your 24 word seed, and you can now write out several copies of it so that you have an offsite copy (eg. a bank deposit box). Due to the nature of the key you can write it as part of something else - eg. write a fake love letter to your wife so that the 24 words on the left hand side are your key or whatever. Then write a bunch of extra love letters. That way, if your deposit box is ever discovered, it'll be disregarded as unimportant love letters.

|| Monero Blocks - The Monero Block Explorerdonate.moneroblocks.info ||
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December 16, 2014, 12:25:02 PM
 #18165

Dear devs, thank you for new Missive! It comes in bounds of schedule concept 'Monday Missives'. That fact you keep this schedule is very respective.

In this new missive I note the following point to be most interesting from my glance:

Quote
I2PD: massive progress was made this week adding support for the su3 router update format (the previous .sud / .su2 format being deprecated), which is used to deliver updates to all routers on the i2p network, including: router update alerts, plugin update alerts, reseed data, and news feed items. Details on the su3 format can be found here: https://geti2p.net/en/docs/spec/updates

Monero + i2p = back to the stars!
Smiley
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December 16, 2014, 12:29:15 PM
 #18166

Wallet working very well. Thank you very much, jwinterm, good work! Smiley Syncing very fast, change existing wallets, import it in lightWallet very easy! Very important - use only 1.3 Gb of RAM, none 4 Gb!
But  Wink what's the red rounds when right click on the wallet))


lol acha, thanks for the lovely artwork Cheesy

I'm not sure exactly what the little red dots are. I'm using kivy as the GUI library, which is designed for multitouch (phone and tablet) as well as desktop use, so I'm thinking it's related to some multitouch feature. I will try to read up and ask in #kivy on freenode if I can't figure it out.

edit: (from kivy.org)
Quote
Using multitouch interaction with the mouse

New in version 1.3.0.

By default, the middle and right mouse buttons, as well as a combination of ctrl + left mouse button are used for multitouch emulation. If you want to use them for other purposes, you can disable this behavior by activating the “disable_multitouch” token:

[input]
Code:
mouse = mouse,disable_multitouch


so I'll try and remember to turn this off next time...
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December 16, 2014, 01:23:41 PM
 #18167

I'm sure this info is somewhere but I couldn't easily find it.  When is the first block reward reduction for Monero and how much will it reduce by.  I'm guessing at the end of Q2 next year but I'm not sure how big the reduction will be.  I know that ~84% of all XMR will be hashed within four years or probably within three and half years from now.

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December 16, 2014, 01:35:43 PM
 #18168

If you just want to create a wallet (AKA monero account)  you just need to run simplewallet.

I thought I might dig this up:
 - Fluffypony's Step-by-step Cold Storage Account Creation Guide for the Paranoid Android -
My suggestion is as follows:

1. Take any machine you have lying around, even your normal workstation. You may find it easier to use an older computer that has no wifi or bluetooth if you're particularly paranoid.


I can has some paper, pencil & dice method to dice out some wordlist mnemonic?

Lol no, not a particularly paranoid android speaking ... just a former table top role player  Cheesy
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December 16, 2014, 01:46:06 PM
 #18169

I'm sure this info is somewhere but I couldn't easily find it.  When is the first block reward reduction for Monero and how much will it reduce by.  I'm guessing at the end of Q2 next year but I'm not sure how big the reduction will be.  I know that ~84% of all XMR will be hashed within four years or probably within three and half years from now.

There's no halving, like in traditional bitcoin and clones, but a constant exponential decrease in the block reward; there's a new, typically lower, reward every block.
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December 16, 2014, 02:00:04 PM
 #18170

I'm sure this info is somewhere but I couldn't easily find it.  When is the first block reward reduction for Monero and how much will it reduce by.  I'm guessing at the end of Q2 next year but I'm not sure how big the reduction will be.  I know that ~84% of all XMR will be hashed within four years or probably within three and half years from now.

There's no halving, like in traditional bitcoin and clones, but a constant exponential decrease in the block reward; there's a new, typically lower, reward every block.

Indeed jwinterm, below I will post some additional info on the emission schedule.

Emission schedule / daily number of coins in numbers can be found here: https://bitcointalk.org/index.php?topic=702140.msg8106443#msg8106443

Additional graphs here: https://bitcointalk.org/index.php?topic=597878.msg7202538#msg7202538

Comment by smooth on the emission curve:

Keep in mind the chart shows, I think, the highest possible numbers.

The effect of any block penalty (reduction of reward when miners include more the the normal amount of transaction data) is to slow down the curve a bit. Since there have definitely been periods when the penalty applied (at least during spam attacks, but occasionally other times too), the curve is already somewhat slower than the base calculation.

If there is a period of rapid adoption, then there will also likely be rapid growth in transactions and many penalties, perhaps continuing for an extended period of time. So we may end up with a curve quite a bit slower than projected even under he original parameters (credit to ArticMine for this observation).

Quote from: TrueCryptonaire
Monero is a marathon - not 100 meter sprint.

Well said

I hope this is enough info for you.

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 16, 2014, 03:01:50 PM
 #18171

I'm sure this info is somewhere but I couldn't easily find it.  When is the first block reward reduction for Monero and how much will it reduce by.  I'm guessing at the end of Q2 next year but I'm not sure how big the reduction will be.  I know that ~84% of all XMR will be hashed within four years or probably within three and half years from now.

The first block reward reduction happened on block 2.

Genesis block reward: 17.592169267200
Block 2 block reward: 17.592152490000

It decreases every block (with an additional penalty that could affect it on a per-block basis if that block is > 20% from the block size median at that time).

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December 16, 2014, 03:30:28 PM
 #18172

increasing in value 100X.  It isn't going to happen anytime soon so don't get your hopes up.  People need to be realistic and realize that things could get much worse than they are now. 
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December 16, 2014, 03:57:05 PM
 #18173

increasing in value 100X.  It isn't going to happen anytime soon so don't get your hopes up.  People need to be realistic and realize that things could get much worse than they are now. 

For those with a long-term plan, things could hardly get better than they are now.

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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21 million. I want them all.


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December 16, 2014, 04:15:27 PM
 #18174

Price talk might be better in the Speculation thread

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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December 16, 2014, 05:54:47 PM
 #18175

does the new wallet still require 64-bit system?
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December 16, 2014, 05:59:13 PM
 #18176

does the new wallet still require 64-bit system?

Yea, because it still uses simplewallet, it's really just a wrapper. If someone could compile a 32 bit version of simplewallet for windows though, then it would work (I'm not sure if the daemon is the limiting factor keeping things 64-bit at the moment, but I think it is).
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December 16, 2014, 06:23:29 PM
 #18177

does the new wallet still require 64-bit system?

Yea, because it still uses simplewallet, it's really just a wrapper. If someone could compile a 32 bit version of simplewallet for windows though, then it would work (I'm not sure if the daemon is the limiting factor keeping things 64-bit at the moment, but I think it is).

Last week I was trying to compile a 32-bits linux version of the daemon and the wallet. I had to tweak the code a little bit for the compilation to go through and complete without complains.
But after that I got a seg fault at execution. I checked for bitmonerod, gdb tells me it fails on an AES instruction (called from slowhash() if I remember well). Pretty sure it's an issue with a memory alignement that is not as assumed on 32-bits systems. Didn't check further after that, and didn't check where was the simplewallet error (it fails on wallet creation, after asking for the language) but I presume it is the same origin.


 

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 16, 2014, 06:28:02 PM
 #18178

Wallet working very well. Thank you very much, jwinterm, good work! Smiley Syncing very fast, change existing wallets, import it in lightWallet very easy! Very important - use only 1.3 Gb of RAM, none 4 Gb!
But  Wink what's the red rounds when right click on the wallet))

yes, me too finally have an usable gui for monero on my laptop, and my 4gb ram is more than enough  Smiley

Please, be aware that using a remote daemon compromises your privacy, as it leaks your transactions data. Someone in the middle sniffing your connection would be able to take a look at it, as well as the people operating the remote daemon. So basically you are trusting the person running the daemon and that no one is snooping your connection .

Quoting smooth from https://forum.monero.cc/4/academic-and-technical/10/remote-monero-deamon :
Quote
It will leak literally everything you do except receiving transactions (since that does not involve sending any information to the network) and your actual private keys. All of the transactions you submit will be visible and the wallet uses the daemon to choose mixins, so those will be visible as well, revealing (by elimination) your actual outputs spent. This will in turn reveal transactions you have previously received (since otherwise you wouldn't be spending those outputs).

The RPC was clearly designed to be used between multiple processes on the same system and this is really can't be recommended as a general solution for remote wallets.

There will eventually be sound designs for lightweight wallets, but this is not one of them.

The only situation where this would be safe to use would be on a secured network to support wallets on multiple computers within that local network.

A good scenario would be you running your own remote daemon and using a secure channel to connect to it. Mapping a local port to the daemon over SSH is an easy option. A VPN is another.

You can run your own monero daemon for $5/month at either DigitalOcean or Vultr. I've tested it myself on their minimal plans and it works. You'll need enough space for a swapfile and the blockchain (+ the temporary blockchain file that is created when saving). It takes a few minutes to load and a few minutes to save the blockchain, but I would say it's a pretty acceptable option if you don't want to put your privacy at risk and don't mind spending $5/month. Vultr even accepts BTC.

MoneroHash.com - U.S. Mining Pool
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December 16, 2014, 06:56:07 PM
 #18179


Thanks for the links, was the infaltion idea of charts B in the graphs in the above link chosen.  Or has it yet to still be decided.

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December 16, 2014, 06:59:50 PM
 #18180


Thanks for the links, was the infaltion idea of charts B in the graphs in the above link chosen.  Or has it yet to still be decided.

Nothing was decided yet for the "tail emission". Should be in the next few months.

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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