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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4540172 times)
forevernoob
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March 03, 2015, 02:34:00 AM
 #20581

Hey guys tried to register on the getmonero forums but it says I'm in the WoT and need to confirm ownership of my handle.
Is that the Bitcoin WoT? Because I can't rememberer registering at any Monero WoT.

Anyways might as well post my issue here:

Bitmonerod crashes, and I get this message after a few days running the LMDB version. (compiled from source on openSuse Linux)

Code:
[err] evsig_init: socketpair: Too many open files

I can start it up again but same thing happens again after like 2 - 3 days.

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March 03, 2015, 04:52:03 AM
 #20582

We try to fit it into three words. Secure. Private. Untraceable.

In reality, it's tens of thousands of lines of code.

It's tens of thousands of posts, all part of a recent living past.

It's thousands of people, each an individual beating heart.

All sitting down mashing buttons on a keyboard.

And it's so much more than that.

It's value.

It's the realization that when you wake up every new morning, there's an option to take the value you bring unto yourself through hard work and exchange value for value.

It doesn't force itself on you, you weren't born in its country of origin, but of its world.

It's a grand renouncement that security through third party is a choice of the past, a heralding trumpet that will signal a new age.

We no longer need to allow our value to sit in a vault - our minds have produced such fantastic technology that vaults are archaic.

Nobody can take it while you're on vacation in Puerto Rico, or even when you're in Prague, Vienna or Budapest.

Nobody can take it from you on the street after coming at you with an axe on a bungled cash job in some low class neighborhood.

You can't wear it on your neck, or fingers, without still being able to instantaneously transfer its value into some other asset.

Security has been replaced with portability. No matter where that hammer falls, it will move faster.

And if it can't, it can also be destroyed instantaneously. The value can be completely removed from this world in a matter of seconds. That's a very rare property - as if we're all trading Mona Lisa's or Guernica's.

It's value that doesn't have use for war, because it doesn't have guns - You have no need to conquer the Ukraine in order to maintain the validity of your war token. No, now the only reason for doing so would be to obtain more for yourself not in spite of my own war token.

It's the acknowledgement that state-sponsored currency, and state-sponsored laws don't really mix - because my town's police officer isn't gonna fine my town's fireman because they'd literally just be paying themselves and no money would be made for the town. You didn't think they gave these people a break because they were friends, did you?

But why would we simultaneously create a body that both passes laws, yet doesn't check themselves with these same laws - insanity. And the insanity is rooted in the fact that there's no profit in checking themselves.

Fact is - they're gonna run out of profits if they keep trying to profit regular people. If they want to eat their own tail, then why not feed it to them?

And it's more than that, still.

It's never having to stash some cash under your mattress, in the freezer, or buried in your lawn - because it's private, you can just as easily place it into multiple accounts. Because it's both fungible and infinitely divisible, as well as portable you can tattoo it on your skin, hide it in your memory.

Imagine a world where, at the very thought of it, one can recall into existence impossible sums of value through just human memory alone - this is where were at here! We have achieved the very pinnacle of security!

No minimum account balances, no running to the ATM's, no micro fees for using the gas station ATM's still running on abysmal dial-up. Now that same dial-up can afford one the absolute best in security - because that's what any value can afford in this day.

It's not having to rush to the bank on Friday to grab some traceable ATM cash, to go on a permanent record that's available for sale to the highest, and most dangerous bidder.

It's the resolute middle finger, saying nothing else other than "I've got this, I don't need you to manage my money, because I'm afraid you've been trying to manage me more than my money".

It's quitting that, yet still giving the exact same as before. Everything you're giving is valuable enough to live on, now .. right? So then why do we need to pay for money management in 2014? It's now free as in freedom.

Fractional reserves hardly need to exist to the extent that they do. I mean how much more do you really need to print if they were really working?

It's still more, though.

It's the knowledge that privacy is just that - your own personal privacy.

Not you and your account holders secrets. I mean when I find myself taking even a second out of my day to thank the good bank of america for not telling my family I happen to go to mcburgertown every few days well then all I can really think is "What the hell kind of reality is this? How did I get here?"

Why should I ever have that thought? Ideally, mcburgertown wouldn't even know my name. Yet there it is, all over both their and the banks records, yet none of my own - because I happen to throw away the receipts. I've given them control over the records without even thinking about it, and have released control over my own ability to keep a private record.

It's like I'm part of the situation, but not really necessary for the endgame. Really, what's stopping the bank from just throwing five bucks at mcburgertown because it's something I would be expected to do? And why is this public knowledge? The only person that should know I ate some mcburgers is myself, and the only information they should get out of that was that customer xxafngoawerngoawernhgoaeng4388g2394gn349qn4g934gn934h9349h3n9hn359nh935nh953 bought some mcburgers, and paid adequate value.

It's the freedom to not leave your identity as a reproachable vector for you to pay more than what you're getting, unless you give it to them and not some sort of 'fact' that everyone is just entitled to.

It's the halt of charity of information to otherwise totally unrelated groups and orginazations.

And that's just one twenty minute window of what it really is, which changes and grows every day.

Wind picked up: F4BC1F4BC0A2A1C4

banditryandloot goin2mars kbm keyboard-mash theusualstuff

probably a few more that don't matter for much.
5w00p
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March 03, 2015, 05:18:53 AM
 #20583

It was 50k not a 100k according to bitcoinwisdom charts.

With BTC's recent rise, actual XMR price in USD is pretty steady, despite the 100k dump in the video.

OK, Sherlock, but he had 100k and he soldit in two 50k chunks in the video here: https://vid.me/ima7
Maybe he canceled the second one.

Awesome post, G2M.
Anon136
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March 03, 2015, 06:18:34 AM
 #20584

It was 50k not a 100k according to bitcoinwisdom charts.

With BTC's recent rise, actual XMR price in USD is pretty steady, despite the 100k dump in the video.

OK, Sherlock, but he had 100k and he soldit in two 50k chunks in the video here: https://vid.me/ima7
Maybe he canceled the second one.

Awesome post, G2M.

It seems like, if anything, this video shows the surprising amount of liquidity in this market. I cant believe someone was able to dump 20,000 dollars worth of XMR in a single instant and only swing the price by 6.6%.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
smooth
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March 03, 2015, 06:19:43 AM
 #20585

It was 50k not a 100k according to bitcoinwisdom charts.

With BTC's recent rise, actual XMR price in USD is pretty steady, despite the 100k dump in the video.

OK, Sherlock, but he had 100k and he soldit in two 50k chunks in the video here: https://vid.me/ima7
Maybe he canceled the second one.

Awesome post, G2M.

It seems like, if anything, this video shows the surprising amount of liquidity in this market. I cant believe someone was able to dump 20,000 dollars worth of XMR in a single instant and only swing the price by 6.6%.

Excellent point
aminorex
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March 03, 2015, 06:33:03 AM
 #20586

It seems like, if anything, this video shows the surprising amount of liquidity in this market. I cant believe someone was able to dump 20,000 dollars worth of XMR in a single instant and only swing the price by 6.6%.

It works both ways.  You could buy 1% of the total emission right now, on a single exchange, and move the price maybe 10%.  Try doing that with AAPL shares or JPY.

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.
smooth
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March 03, 2015, 06:38:40 AM
 #20587

It seems like, if anything, this video shows the surprising amount of liquidity in this market. I cant believe someone was able to dump 20,000 dollars worth of XMR in a single instant and only swing the price by 6.6%.

It works both ways.  You could buy 1% of the total emission right now, on a single exchange, and move the price maybe 10%.  Try doing that with AAPL shares or JPY.

Its all about perspective. Liquidity of XMR is terrible compared to BTC which is terrible compared to JPY, but XMR is quite liquid compared to most small cryptocurrency projects.

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March 03, 2015, 07:06:19 AM
 #20588

It seems like, if anything, this video shows the surprising amount of liquidity in this market. I cant believe someone was able to dump 20,000 dollars worth of XMR in a single instant and only swing the price by 6.6%.

It works both ways.  You could buy 1% of the total emission right now, on a single exchange, and move the price maybe 10%.  Try doing that with AAPL shares or JPY.

Lol well yea. I'm comparing it to other altcoins.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
rpietila
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March 03, 2015, 09:07:46 AM
 #20589

It seems like, if anything, this video shows the surprising amount of liquidity in this market. I cant believe someone was able to dump 20,000 dollars worth of XMR in a single instant and only swing the price by 6.6%.

It works both ways.  You could buy 1% of the total emission right now, on a single exchange, and move the price maybe 10%.  Try doing that with AAPL shares or JPY.

Its all about perspective. Liquidity of XMR is terrible compared to BTC which is terrible compared to JPY, but XMR is quite liquid compared to most small cryptocurrency projects.

Relatively, the liquidity of XMR is quite good. Buying 1% of XMR can be accomplished in a week without moving the price more than 5-10%, even less if you are lucky.

Try the same with gold Wink

Or physical silver, buy 200,000,000 oz without moving the price!  Grin
nioc
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March 03, 2015, 09:43:07 AM
 #20590

We try to fit it into three words. Secure. Private. Untraceable.

In reality, it's tens of thousands of lines of code.

It's tens of thousands of posts, all part of a recent living past.

It's thousands of people, each an individual beating heart.

All sitting down mashing buttons on a keyboard.

And it's so much more than that.

[snip snip]

Much more than mashing the keyboard Wink

Thank you for being here.

If you don't know where you're going any road will get you there
acha
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March 03, 2015, 12:30:39 PM
 #20591

What's with lightWallet GUI? Not synchronized... As far as I understand, blockchain from  http://xmr1.coolmining.club:5012 may be not workinking, No daemon connection report me my wallet.. Is this true?
nioc
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March 03, 2015, 01:03:11 PM
 #20592

What's with lightWallet GUI? Not synchronized... As far as I understand, blockchain from  http://xmr1.coolmining.club:5012 may be not workinking, No daemon connection report me my wallet.. Is this true?

The following is what you get when you go to that pool...................................

This pool is closed, not enough miners who are dumb enough to concentrate hashrate on 2 or 3 big pools.
Too stupid and too bad.
I would like to thank all the miners who supported this pool so far, i can count them on my left hand



Also....  http://forkguard.com/




If you don't know where you're going any road will get you there
sp_
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March 03, 2015, 01:25:10 PM
 #20593

Cryptonight Miner for NVIDIA Maxwell for sale for a 0.2 BTC donation.  (currently around 10% faster than the TSIV miner)
You will also recieve a private and optimized Spreadminer (with source (linux compatible))

my BTC adress is in my signature.

The donators will recieve updates with faster hashrates later as well.
pc888
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https://bata.io


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March 03, 2015, 01:27:17 PM
 #20594

Hello everyone from Monero


A new Monero Community Down Under - http://cryptooz.com/group/xmr-monero-community-group

Join up to keep in touch share ideas and spread the word.

Members
Photos
Videos
Events
Forum

See you there!

The site is a working progress of more things will be added as we go, but if you have any suggestions or thoughts I would love to hear from you.

Thanks
Quicken
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March 03, 2015, 01:37:53 PM
 #20595

What's with lightWallet GUI? Not synchronized... As far as I understand, blockchain from  http://xmr1.coolmining.club:5012 may be not workinking, No daemon connection report me my wallet.. Is this true?

I posted about this yesterday, but had no responses:

https://bitcointalk.org/index.php?topic=583449.msg10630258#msg10630258
nikos64
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March 03, 2015, 02:24:31 PM
 #20596

What's with lightWallet GUI? Not synchronized... As far as I understand, blockchain from  http://xmr1.coolmining.club:5012 may be not workinking, No daemon connection report me my wallet.. Is this true?

I posted about this yesterday, but had no responses:

https://bitcointalk.org/index.php?topic=583449.msg10630258#msg10630258
Here, clear answers:
https://github.com/jwinterm/lightWallet
Short story (not really):
Go to the Documents\lightWallet folder, open the CONFIG.file file with notepad and change the node to:
Quote
Quicken
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March 03, 2015, 02:27:28 PM
 #20597

What's with lightWallet GUI? Not synchronized... As far as I understand, blockchain from  http://xmr1.coolmining.club:5012 may be not workinking, No daemon connection report me my wallet.. Is this true?

I posted about this yesterday, but had no responses:

https://bitcointalk.org/index.php?topic=583449.msg10630258#msg10630258
Here, clear answers:
https://github.com/jwinterm/lightWallet
Short story (not really):
Go to the Documents\lightWallet folder, open the CONFIG.file file with notepad and change the node to:
Quote

Or:
Quote
jwinterm
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March 03, 2015, 03:20:15 PM
 #20598

What's with lightWallet GUI? Not synchronized... As far as I understand, blockchain from  http://xmr1.coolmining.club:5012 may be not workinking, No daemon connection report me my wallet.. Is this true?

I posted about this yesterday, but had no responses:

https://bitcointalk.org/index.php?topic=583449.msg10630258#msg10630258
Here, clear answers:
https://github.com/jwinterm/lightWallet
Short story (not really):
Go to the Documents\lightWallet folder, open the CONFIG.file file with notepad and change the node to:
Quote

Yea, seems that coolmining node is not working anymore. I will do at least a minor update in the next few days so that it uses moneroclub by default (and add fluffypony's awesome new logo).
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March 03, 2015, 09:10:16 PM
 #20599

I sent an email to the Tails developers, on the news they are including Bitcoin in the distro, I ask them to give a look at Monero since its the best crypto for privacy, I have not thought before that it was really a problem but we do need an official repo for Monero someday: Smiley

Quote
the only way to add a software in Tails is to make sure there is an official debian package, well maintened, and it doesn't seems to be the case for monero...

cheers.

Electrum isn't a Debian package and is just a simple Python package afaik.  Does Monero have a very lightweight web wallet that can be generated with a deterministic seed only.  Until such a time it won't fit within the minimal TAILS distro.  The whole TAILS ISO is only 951.8 MB in size.  And needs to be able to run completely from permanente media like DVD-R's.

GingerAle
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March 03, 2015, 09:26:39 PM
 #20600

I sent an email to the Tails developers, on the news they are including Bitcoin in the distro, I ask them to give a look at Monero since its the best crypto for privacy, I have not thought before that it was really a problem but we do need an official repo for Monero someday: Smiley

Quote
the only way to add a software in Tails is to make sure there is an official debian package, well maintened, and it doesn't seems to be the case for monero...

cheers.

Electrum isn't a Debian package and is just a simple Python package afaik.  Does Monero have a very lightweight web wallet that can be generated with a deterministic seed only.  Until such a time it won't fit within the minimal TAILS distro.  The whole TAILS ISO is only 951.8 MB in size.  And needs to be able to run completely from permanente media like DVD-R's.

Correct me if im wrong, but I think you just described mymonero.com


< 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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