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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548638 times)
bclcjunkie
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December 17, 2014, 07:32:00 AM
 #18201

sorry for off topic but couldn't resist... somehow i can't get this future vision out of my head where people will have to resort to smuggling in cheaper and equally effective generics using monero...  Cheesy

http://www.zerohedge.com/news/2014-12-16/great-generic-drug-rip
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kawa900jc
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December 17, 2014, 07:33:20 AM
 #18202

The 0.001 lever is broke. New low levels has to be discovered.
I invested 0.12 BTC @ 0.0012 but for now is was not a good choice.
Hopefully is was just a spike below 0.001 but the presure is to high I afraid.
Maybe I buy extra @ 0.0005?


For now strategy is holding and see where XMR hits the floor.
Never try to catch falling knives.

liteon
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December 17, 2014, 08:05:03 AM
 #18203

For now strategy is holding and see where XMR hits the floor.
Never try to catch falling knives.
Floor can be anywhere.
Now it is as is, tomorrow it might not be as now it is ... with crypto you never know.
You can just dont care about the price and keep holding.
For those who needs money, they sell no matter of price/value.

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generalizethis
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December 17, 2014, 08:23:42 AM
 #18204

The 0.001 lever is broke. New low levels has to be discovered.
I invested 0.12 BTC @ 0.0012 but for now is was not a good choice.
Hopefully is was just a spike below 0.001 but the presure is to high I afraid.
Maybe I buy extra @ 0.0005?


For now strategy is holding and see where XMR hits the floor.
Never try to catch falling knives.

"If you can't catch falling knives, you'll never make it as a juggler."  --juggler.

kawa900jc
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December 17, 2014, 08:51:56 AM
 #18205


"If you can't catch falling knives, you'll never make it as a juggler."  --juggler.
juggling with assets is not wise

generalizethis
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December 17, 2014, 08:58:10 AM
 #18206


"If you can't catch falling knives, you'll never make it as a juggler."  --juggler.
juggling with assets is not wise

Personally, I DCA, but the meme was for meme's sake(  Tongue )--now back to XMR talk on the XMR thread and speculation on the speculation thread.

drawingthesun
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December 17, 2014, 09:46:34 AM
 #18207

So we're under 0.001 now?

What a mess.
liteon
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December 17, 2014, 10:02:06 AM
 #18208

So we're under 0.001 now?

What a mess.
Yeah, and even a bit down from 0.001BTC.
Hold?

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florida.haunted
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December 17, 2014, 10:18:15 AM
 #18209

So we're under 0.001 now?

What a mess.
Yeah, and even a bit down from 0.001BTC.
Hold?

Don't hold - sell to me Wink

Currently Monero is the only cryptocurrency that is needed rather than Bitcoin due to its total conceptual anonymity.

No other cryptocurrency is needed because of Bitcoin does exist. Bitcoin is a monopolist in its own niche of 'White' transactions yet independent on Banks & Goverment.
If you want decentalized asset exchange - you can build it over Bitcoin blockchain. If you want juridical proof of existence - it has been already built over Bitcoin blockchain.
And so on.

100% I think Bitcoin *blockchain* is what you need for 'White' yet independent commerce. That why no other 'White' cryptocurrency based on another blockchain will survive.

Meanwhile Monero is the only monopolist in its niche of 'Trully Black' transtactions independent on Banks & Goverment too AND totally anonymous.

There are no other niches in cryptocurrency world, whatever people might speculate about.

Just Bitcoin & Monero. White & Black. Day & Night. Nothing else.
coinism
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December 17, 2014, 10:48:18 AM
 #18210

So we're under 0.001 now?

What a mess.
Yeah, and even a bit down from 0.001BTC.
Hold?

Don't hold - sell to me Wink

Currently Monero is the only cryptocurrency that is needed rather than Bitcoin due to its total conceptual anonymity.

No other cryptocurrency is needed because of Bitcoin does exist. Bitcoin is a monopolist in its own niche of 'White' transactions yet independent on Banks & Goverment.
If you want decentalized asset exchange - you can build it over Bitcoin blockchain. If you want juridical proof of existence - it has been already built over Bitcoin blockchain.
And so on.

100% I think Bitcoin *blockchain* is what you need for 'White' yet independent commerce. That why no other 'White' cryptocurrency based on another blockchain will survive.

Meanwhile Monero is the only monopolist in its niche of 'Trully Black' transtactions independent on Banks & Goverment too AND totally anonymous.

There are no other niches in cryptocurrency world, whatever people might speculate about.

Just Bitcoin & Monero. White & Black. Day & Night. Nothing else.



i do hold high expectations for btc and xmr, but : https://www.youtube.com/watch?v=BHqgHFcmAOc   Roll Eyes

"and i base my assumptions on absolutely nothing"
drawingthesun
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December 17, 2014, 10:56:14 AM
 #18211

So we're under 0.001 now?

What a mess.
Yeah, and even a bit down from 0.001BTC.
Hold?

My instinct says hold, however my experience with holding has destroyed whatever value was left.

Thus, it seems much more logical to dump it all.

I'm going to be stupid and hold until 0.0001 :p
drawingthesun
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December 17, 2014, 11:01:29 AM
 #18212

It's funny, here we are with a coin that can truly empower people and it's Ripple with their corporate control that will win.

People don't want anonymity, they want to be told what to use and when to use it.
netmonk
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December 17, 2014, 11:09:54 AM
 #18213

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 :

I think it is possible to mostly fix this model of light wallet by connecting to two nodes getting mixins from both. Then randomly choose have the mixins from each. Neither will be able to tell which is your coin source.

Snooping of transactions doesn't really matter -- they are public anyway --although snooping of the mixins could matter, and snooping of your IP could matter. Both issue can be largely fixed (granted not NSA-proof) by connecting to the nodes over Tor. A simple proxy setup should work.





Even over Tor, wouldn't it leak destination addresses and transactions amounts?

EDIT: Oh, OK, if the node is running as an .onion service then the channel would be secure, but would the node be able to get addresses and amounts?

No, the node sees the same transaction everyone else sees (e.g. by looking on chainexplorer.com, or the blockchain itself). That by itself doesn't include anything particularly useful (and can't).

With Tor the node could not correlate this with an IP address, which would be the only extra information it has if the mixins are blinded using multiple nodes as I described. The nodes would have to collude to identify the real source of the transaction.

Im the operator of public open node on which jwinterm based the wallet.

Also known as HegemoOn on irc.

For the moment there is only one instance running publicly, but if the wallet is widely adopted, i must run a reliable multiple instances service.

For the moment also, this service is sponsored only by my own pocket, and cost me more than what my pool generate.

So basically, new feature, better security, and more reliability is also an economical problem.
There is a donation button in this wallet, i really encourage peoples to use it, jwinterm and I need it to improve the code, and the service.

Note also that i don't trust TOR, as far as it is backed by US agency Smiley

Shrikez
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December 17, 2014, 11:11:44 AM
 #18214

It's funny, here we are with a coin that can truly empower people and it's Ripple with their corporate control that will win.

People don't want anonymity, they want to be told what to use and when to use it.

I just said something along these lines in Polo Trollbox. Can't change human nature I guess.

Die Würde des Menschen ist unantastbar
smooth
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December 17, 2014, 11:19:04 AM
 #18215

Note also that i don't trust TOR, as far as it is backed by US agency Smiley

I don't trust Tor either. However for the specific purpose for which I recommended it, I do consider it effective. The idea is to not disclose your own IP to the node operator. Tor does that, and connecting directly does not.

Sure it is certainly true that the US government or other powerful entities may well be able to defeat Tor and link up your transaction with your IP address, but without Tor the US government can still do that, your ISP can do it, and the node operator can do it. That is certainly worse.

bigj
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December 17, 2014, 11:23:47 AM
 #18216

It's funny, here we are with a coin that can truly empower people and it's Ripple with their corporate control that will win.

People don't want anonymity, they want to be told what to use and when to use it.

To me the race between XRP and STR is a 'marketing' race to the top. It's the prisoner's dilemma that keeps the price going up... the looser will die.
ray88
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December 17, 2014, 12:13:25 PM
 #18217

Damn i need help here,
i sent by mistake my xmr to a old wallet i created on May 19. I Dont know how i got to do this but oh well...

I can't find my old password...

so what can i do ?
Its Gone ?
Sad
smooth
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December 17, 2014, 12:22:19 PM
 #18218

Damn i need help here,
i sent by mistake my xmr to a old wallet i created on May 19. I Dont know how i got to do this but oh well...

I can't find my old password...

so what can i do ?
Its Gone ?
Sad

If you don't have your password or seed words, it's gone.

Keep trying to come up with your password.

You can always keep the encrypted wallet around even if you don't find the password. Perhaps in the future brute forcing it will become practical.
ray88
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December 17, 2014, 12:35:35 PM
 #18219

Damn i need help here,
i sent by mistake my xmr to a old wallet i created on May 19. I Dont know how i got to do this but oh well...

I can't find my old password...

so what can i do ?
Its Gone ?
Sad

If you don't have your password or seed words, it's gone.

Keep trying to come up with your password.

You can always keep the encrypted wallet around even if you don't find the password. Perhaps in the future brute forcing it will become practical.


thanks smooth, what a bad mistake i dont know why i keept this wallet around Sad mining since May and i lost everything F***
smooth
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December 17, 2014, 12:37:48 PM
 #18220

Damn i need help here,
i sent by mistake my xmr to a old wallet i created on May 19. I Dont know how i got to do this but oh well...

I can't find my old password...

so what can i do ?
Its Gone ?
Sad

If you don't have your password or seed words, it's gone.

Keep trying to come up with your password.

You can always keep the encrypted wallet around even if you don't find the password. Perhaps in the future brute forcing it will become practical.


thanks smooth, what a bad mistake i dont know why i keept this wallet around Sad mining since May and i lost everything F***

Not lost. Just come up with the password.  Or if not, keep it around. Maybe in 10 years you can brute force it and it will be worth an insane amount.

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