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

[fluffypony]

Request for comments: https://forum.getmonero.org/4/academic-and-technical/303/a-formal-approach-towards-better-hard-fork-management

[waterpile]

It "doesnt look good" because useless shitcoins are being pumped while Monero is ignored by major exchanges and builds a real foundation with useful services by many different people with real goals.

Yup, Its a pump and dump week.. I hope XMR will be pumped to .01BTC

[dEBRUYNE]

Crosspost from reddit:

http://monero.today/post/116657529706/milton-friedman-predicts-bitcoin-monero-in-1999

I think that the Internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing, but that will soon be developed, is a reliable eCash, a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A. The way I can take a $20 bill hand it over to you and then there’s no record of where it came from.

[NeuroticFish]

What services or offerings you guys currently miss in the Monero ecosystem?

What needs to be build to improve Monero today (a bit)?

Name everything

I wish to have an easily working viewkey, at least for current amount and maybe last few transactions.

Why?

1. People used with Bitcoin and its clones feel safer if they keep their bigger amounts of money in cold storage or on "paper wallets". Paper wallets are actually achievable with the mnemonic seed. But if you want to check from time to time how much you have there, how much did you save there lately or other bigger operations that may be needed for bigger sites (tipbot, exchange).. really.. I may not be great on explaining, but viewkey would be great.

2. Legitimacy. I can bet that quite a lot of people feel like Monero would be more "legit" with viewkey. It will not be seen anymore as an attempt to hide from authorities (unless you want to).


Easily working could even be a website (mymonero.com?) where you can do some sort of "read-only" login, using the public key and viewkey and check "a few things". But in wallet would also be fine.

[kazuki49]

It "doesnt look good" because useless shitcoins are being pumped while Monero is ignored by major exchanges and builds a real foundation with useful services by many different people with real goals.

Yup, Its a pump and dump week.. I hope XMR will be pumped to .01BTC

thanks for quoting the post disappeared maybe I accidentally deleted, oh well.

Crosspost from reddit:

Yeah, Monero is the most reliable e-cash so far, and people wonder why some of us are "fanatics"

[equipoise]

What services or offerings you guys currently miss in the Monero ecosystem?

What needs to be build to improve Monero today (a bit)?

Name everything:

- doesn't matter if for profit or non-profit typ of organization
- doesn't matter if only a small fraction of Moneros users would benefit from it (maybe only you?) or bigger party up to the whole community
- doesn't matter if such type of service exist or not exist in other cryptocurrency ecosystems (bitcoin)
[obvious what has shown to be useful in other cryptocurrencys and is still missing in XMR, could be benefitial (as it has a shown proof-of-concept), but even what not exists elsewhere should be named, so it can be developed/discussed]


The people who want to help develop Monero ecosystem need to know, what is asked for by the community.

The ecosystem must be activally developed by the whole community. Users must express their wishes, feedback, needs and suggestions.

This is important and should be addressed accordingly.

Its a difficult task/struggle as showm by all other old altcoins (ounce big & popular) altcoins. They all failed building an ecosystem. (besides Doge and Bitcoin, but both their cases cant be generalized)

From my perspective the main problems were e.g. the "endlessness waitings" for the next XYZ:

- "lets wait with development the ecosystem, until the price moves up"
- "lets wait with development the ecosystem, until the next release with blahblablah superfeature x123"
- "lets wait with development the ecosystem, until we have more users"
- "lets wait with development the ecosystem, until we get added at random_payment_processor or random_big_merchant"
- "lets wait with development the ecosystem, until we have trezor support"
- "lets wait with development the ecosystem, until we have multisig/deterministic wallets/2FA/big boobs ......"
- "you dont need to develop/offer this service, there will be no users ..." (from random idiots ...)
- "you dont need to develop/offer this service, this is already in development by TZR since 40 months, but will be ready soon"
- "your service/idea is useful, but it sucks because it doesn't have random_paranoia_request"
- "we are in the hoarding/acquirement-stage of the coin, we just hodl and buy more coins, spending and ecommerce-usage will be done in 5 years, so no need for services/merchanttools/acceptance today"
- "your products are to expensive" (from random idiots to every small merchant who started accepting the own coin)

this coin will only succeed, if we start using it today
if we dont start, it will never take off
every bootstraped operation/networks needs a start and activityness
if we dont build useful services with monero price at 0,5$ today, there will NEVER be a golden future
if people (esp. smart people) who support Monero and want to contribute cant find opportunities (no ideas, no users, no feedback, no appreciation), they will move on and find other projects, were there contribution is rewarded, welcomed and leading to something
momentum can be lost, if community gets to inactive (shown by many coins and other projects), today alot of people want to support Monero (don't disappoint them or drive them away, great negative examples: Litecoin, others: Darkcoin and DarkWallet)

bonus: services and usage today in this early stage, will also help to develop, gain expierence and hardening Monero

That’s a great post. Here’s an idea:
Let’s say you are a researcher and have to do a big simulation or you have hard computational problems, which could be split to smaller tasks and parallel distributed. Let’s say it’ll take years on your CPUs and/or GPUs to deal with it. If you want it distributed to a lot of people you have a great tool for this (google Boinc); however, there is a problem – someone is paying for the electricity/amortization so not many people would help you for free and with x1000 your computer power you’ll get the results needed in a day instead of years. Now comes the good part – you have a big budget and someone just created a service paid in Monero to distribute your tasks (for a fee) to Boinc users and those users are also paid in Monero. The guys behind the service should create an easy to install encapsulated (in a virtual machine) environment for those with the computing power - this way malicious researcher can’t get users data outside of the encapsulated environment. Those needing the power will compete for it, so smaller tasks with a bigger pay would be distributed first. Users could also chose on which projects they want to participate. I hope you get the idea. I’m not sure how many real world users such a service will have. For example I rarely deal with computations which take more than a day or two on a PC, but there are a lot of computations, which would take thousands of years or even hundreds of thousands of years if not massively distributed. This may not be very easy service to do, but you have almost all of it already tested and working (Boinc, Monero, processors with virtualization, etc.).

[mightgetlucky]

It "doesnt look good" because useless shitcoins are being pumped while Monero is ignored by major exchanges and builds a real foundation with useful services by many different people with real goals.

Yup, Its a pump and dump week.. I hope XMR will be pumped to .01BTC

thanks for quoting the post disappeared maybe I accidentally deleted, oh well.

Crosspost from reddit:

Yeah, Monero is the most reliable e-cash so far, and people wonder why some of us are "fanatics"

Didn't see anybody protecting the topic with a bomb strapped to their chest.... yet...

[binaryFate]

That’s a great post. Here’s an idea:
Let’s say you are a researcher and have to do a big simulation or you have hard computational problems, which could be split to smaller tasks and parallel distributed. Let’s say it’ll take years on your CPUs and/or GPUs to deal with it. If you want it distributed to a lot of people you have a great tool for this (google Boinc); however, there is a problem – someone is paying for the electricity/amortization so not many people would help you for free and with x1000 your computer power you’ll get the results needed in a day instead of years. Now comes the good part – you have a big budget and someone just created a service paid in Monero to distribute your tasks (for a fee) to Boinc users and those users are also paid in Monero. The guys behind the service should create an easy to install encapsulated (in a virtual machine) environment for those with the computing power - this way malicious researcher can’t get users data outside of the encapsulated environment. Those needing the power will compete for it, so smaller tasks with a bigger pay would be distributed first. Users could also chose on which projects they want to participate. I hope you get the idea. I’m not sure how many real world users such a service will have. For example I rarely deal with computations which take more than a day or two on a PC, but there are a lot of computations, which would take thousands of years or even hundreds of thousands of years if not massively distributed. This may not be very easy service to do, but you have almost all of it already tested and working (Boinc, Monero, processors with virtualization, etc.).

http://www.gridcoin.us/ ?

[equipoise]

^Isn't it a POS coin with no other possible world uses than that? Why do we need a different coin for that single purpose?

[GingerAle]

^Isn't it a POS coin with no other possible world uses than that? Why do we need a different coin for that single purpose?

Yeah, gridcoin exists, but I kinda get what you're saying and may want to expand on it.

One interesting option for Monero (because its one of the few (if not the only) CPU + GPU mineable coins thats worth a damn right now), would be for mining software to switch from Monero to Boinc... and yes, this hybrid BOINC client would be coupled with some type of Monero payment.

So, say you have a rig that pulls in 10 kh/s. You normally mine monero, and there's an estimated rate of return Y (based on hashrate and network diff). However, your Monero-Boinc hybrid client detects that there's a paying job on the Boinc network, with a guaranteed payout of X Monero. In your hybrid mining client, you have a setting somewhere that says "switch to BOINC if X > Y" or one that says " if X / Y >= 1.3". If the job satisfies these requirements, your hardware switches to folding some protein or running a Monte Carlo sandwich. When the jobs done, you switch back to Monero.

Interesting. Could get BOINCers into Monero, and could get scientists into Monero. You know how long it takes things on ROBETTA to run? The damn cue is over a month right now. And it has a cap of 1000 amino acids. WTF?

[mrkavasaki]

That’s a great post. Here’s an idea:
Let’s say you are a researcher and have to do a big simulation or you have hard computational problems, which could be split to smaller tasks and parallel distributed. Let’s say it’ll take years on your CPUs and/or GPUs to deal with it. If you want it distributed to a lot of people you have a great tool for this (google Boinc); however, there is a problem – someone is paying for the electricity/amortization so not many people would help you for free and with x1000 your computer power you’ll get the results needed in a day instead of years. Now comes the good part – you have a big budget and someone just created a service paid in Monero to distribute your tasks (for a fee) to Boinc users and those users are also paid in Monero. The guys behind the service should create an easy to install encapsulated (in a virtual machine) environment for those with the computing power - this way malicious researcher can’t get users data outside of the encapsulated environment. Those needing the power will compete for it, so smaller tasks with a bigger pay would be distributed first. Users could also chose on which projects they want to participate. I hope you get the idea. I’m not sure how many real world users such a service will have. For example I rarely deal with computations which take more than a day or two on a PC, but there are a lot of computations, which would take thousands of years or even hundreds of thousands of years if not massively distributed. This may not be very easy service to do, but you have almost all of it already tested and working (Boinc, Monero, processors with virtualization, etc.).

http://www.gridcoin.us/ ?

you mean zennet

https://bitcointalk.org/index.php?topic=736447.0

[SafeDice]

A dice site added XMR

I hope its a good venture for me with XMR

it is true https://safedice.com/

Is it true it's actually safe?  

I would say it is not safe.  Very likely another scam.  Owner wants to remain anonymous, ask yourself why?

Its normal, if i lauch an service like that i wanted to be anonymous too... what if some autorities want to arrest the owner for money landry? or for no propper taxation... i dont even opened the site, but if you wish to test it, test it with low ammounts...

Its normal for the owner to be anonymous, as long as he shows the cold wallet address which he did. I invested my bitcoin in safedice from 2014 and have no problems. That said, everyone is entitled to their respective views

Thank you for backing us up guys. I have the same reason with most of the dice sites for being anonymous, as MalMen has explained it well.

We've been around since late 2014 and processed almost 15k bitcoin and 35 million bets. Not a single deposit, withdrawal, or fairness issue goes unresolved. We did our best, but of course everyone is entitled to their own views. We all have different risk aversion level.

regarding use case - there was this brilliant post by prophetx in btc speculation why venturecapital fails to see the best use cases for cryptos, unfortunately search is disabled. the proposals he gave are also true for monero. in general it is all about niching.

but what would be short term helpful

1.) more exchanges - it is still better to trade a coin than to do nothing with it
2.) more gambling - besides dice games there are new games in town; they look promising. dice games could also be a niche which is better filled by a private coin than by bitcoin. no one should see if you lose or win in gambling
3.) more services and markets, there are several idas where a private cryptocurrency is more useful than a transparent one.
4.) the sickest use case and probably the reason I immediately fell in love with monero is unluckily the last one achievable: it is a 12 random word offshore haven in your brain: nobody can touch it, nobody can see it, nobody knows how big it is; except you - all embedded in a  cryptographically proven system. - we should make every effort to let this become reality.

Let us help with the number 2

[Hueristic]

That’s a great post. Here’s an idea:
Let’s say you are a researcher and have to do a big simulation or you have hard computational problems, which could be split to smaller tasks and parallel distributed. Let’s say it’ll take years on your CPUs and/or GPUs to deal with it. If you want it distributed to a lot of people you have a great tool for this (google Boinc); however, there is a problem – someone is paying for the electricity/amortization so not many people would help you for free and with x1000 your computer power you’ll get the results needed in a day instead of years. Now comes the good part – you have a big budget and someone just created a service paid in Monero to distribute your tasks (for a fee) to Boinc users and those users are also paid in Monero. The guys behind the service should create an easy to install encapsulated (in a virtual machine) environment for those with the computing power - this way malicious researcher can’t get users data outside of the encapsulated environment. Those needing the power will compete for it, so smaller tasks with a bigger pay would be distributed first. Users could also chose on which projects they want to participate. I hope you get the idea. I’m not sure how many real world users such a service will have. For example I rarely deal with computations which take more than a day or two on a PC, but there are a lot of computations, which would take thousands of years or even hundreds of thousands of years if not massively distributed. This may not be very easy service to do, but you have almost all of it already tested and working (Boinc, Monero, processors with virtualization, etc.).

http://www.gridcoin.us/ ?

also zennet

https://bitcointalk.org/index.php?topic=736447.0

I watched this since the beginning and do not trust Ohad to deliver.
https://bitcointalk.org/index.php?topic=736447.msg10403838#msg10403838

[Hueristic]

This is VERY bad.

https://www.cryptocoinsnews.com/cryptography-researchers-users-face-jail-time-australia/

[vokain]

This is VERY bad.

https://www.cryptocoinsnews.com/cryptography-researchers-users-face-jail-time-australia/

Only until they find they can't contain the animus/a in Man through fear anymore.

[nioc]

This is VERY bad.

https://www.cryptocoinsnews.com/cryptography-researchers-users-face-jail-time-australia/

I was catching up here while waiting for someone. The tv was on with a news report of 2 high school students that created a way organizing passwords which among other things used military grade encryption 

[Anon136]

This is VERY bad.

https://www.cryptocoinsnews.com/cryptography-researchers-users-face-jail-time-australia/

I sort of think its great when governments do this sort of thing. It truly would be a disparaging development if this meant that cryptographers were going to stop communicating with each other. But that would be akin to believing that if the government repealed the laws of gravity than we would all float away.

This will get cryptography researchers heads out of the clouds and back down to earth. They will stop pontificating about abstract notions and instead start thinking about security in a very practical way.

Additionally all the most important minds in the fight against the state will now develop a culture of anti statism. Meaning they will now be applying their discipline towards practical ways of combating and undermining the state.

Also i love the way my wife thinks about these things. Most people would be tempted to despair of this. But i showed her this story and the very first thing she said was "wow the powers that be must be terrified in australia". Instead of seeing this as a depressing development she instantly saw it as a sign that the good guys are winning. And we are. Thanks to communities just like this one.

Just another example of a government shooting its self in the foot. I couldn't be more delighted.

[medusa13]

Also i love the way my wife thinks about these things. Most people would be tempted to despair of this. But i showed her this story and the very first thing she said was "wow the powers that be must be terrified in australia". Instead of seeing this as a depressing development she instantly saw it as a sign that the good guys are winning. And we are. Thanks to communities just like this one.

i thougth exactly the same. also TPTB sometimes try a new law in one country, see if there are reactions. if everything goes well and no revolution breaks out it will be implemented globally
cryptography is a gift, we must use it wisely. it really works and thats why they hate it

[Anon136]

i thougth exactly the same. also TPTB sometimes try a new law in one country, see if there are reactions. if everything goes well and no revolution breaks out it will be implemented globally
cryptography is a gift, we must use it wisely. it really works and thats why they hate it

Great minds aye.

Just so you know, I said "the powers that be" because I was quoting. I am head of the action committee to replace this awkward phrase with the actual real word that means the same thing. Cryptarchy. Its a powerful idea wrapped up in a powerful word. Use it. Spread it.

[5w00p]

This is VERY bad.

https://www.cryptocoinsnews.com/cryptography-researchers-users-face-jail-time-australia/

I was catching up here while waiting for someone. The tv was on with a news report of 2 high school students that created a way organizing passwords which among other things used military grade encryption 

Wow, them Aussies really want to be at the forefront of fascism.

Considering Australia's history as a penal colony, I find this quote from the article to be ironic:

“Serious and organised criminals have,” the report warns, “proven themselves adept at identifying and exploiting new and emerging technologies to facilitate their crime, to expand their reach, and to provide them with the anonymity and distance from their crime which makes it difficult for law enforcement to detect and identify them.”

Funny how the most serious and organized criminals are usually the Authorities themselves. And we know how they hate competition.