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

[owlcatz]

Plan B?  
  
Well, Plan B is to piss off the bitcoiners, the computer scientists, the Bytecoiners, and pretty much everyone at once while making Monero easy to understand for the average person.  
  
People are familiar with hard-drives, right?  
  
Oh fuck, you guys are going to love this one.  
  
Well let's just call 1 trillionth of a Monero (the smallest possible unit) a "byte".  Then we can call a million of them a megabyte, a billion a gigabyte, and a trillion a Monero.  
  
 
  
Plan C?  
  
Same as plan B except we keep "gen" as the smallest units and use hard drive prefixes all the way up to 1 Monero.  
  
"gen" = 1/1,000,000,000,000th of a Monero  
"kilogen" = 1/1,000,000,000th of a Monero  
"megagen" = 1,000,000th of a Monero  
"gigagen" = 1,000th of a Monero  
"teragen" = "Monero"  
  
   
  
I expect these plans to be wildly popular and meet with wild support, and no opposition whatsoever.  

LOL... I certainly didn't expect this but it's funny and cool at the same time.

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[drawingthesun]

I'm not sure if we're allowed to talk about exchanges here....

Just wondering why https://www.kraken.com/charts already has Ethereum but has not even considered Monero?

I have this feeling that whilst experiments like Ethereum are being taken seriously the cryptocoin community are ignoring Monero, which is a total shame because Monero has a very real differentiator.

Bitcoin - The main one.
Monero - Anonymous and private cryptocurrency.
Ethereum - experimental computational contracts coin.

I see no reason why these three coins can't all exist in places 1,2 and 3.

Ethereum will soon get there, but what about Monero? Why are coins like Ripple, Litecoin, Banxshares, Stellar and Bytecoin being valued so much more than Monero?

I still can't believe that Bytecoin is worth so much, I honestly thought that it was going to die last year.

[smooth]

I'm not sure if we're allowed to talk about exchanges here....

It's fine as long as it doesn't take over the thread.

Just wondering why https://www.kraken.com/charts already has Ethereum but has not even considered Monero?

Because Ethereum is a very high profile project as reflected in its first day market cap of 160 million USD as opposed XMR at <10 million.

I still can't believe that Bytecoin is worth so much, I honestly thought that it was going to die last year.

That is 100% fake manipulated trading IMO.

I just created a coin called smoothcoin with a premined coin supply (or maybe it was mined for two years in the darknet, who can say?) of one billion coins. My friend GingerAle bought one of them for 1 USD (nice guy huh?). Instant 1 billion USD market cap.

[americanpegasus]

That is 100% fake manipulated trading IMO.

I just created a coin called smoothcoin with a premined coin supply (or maybe it was mined for two  years in the darknet, who can say?) of one billion coins. My friend GingerAle bought one of them for 1 USD (nice guy huh?). Instant 1 billion USD market cap.

 
  
smoothcoin?  Forget Monero!  I'll take 5 for $15!  The marketcap just tripled!  $3 billion and about to overtake bitcoin itself!

[GingerAle]

I'm not sure if we're allowed to talk about exchanges here....

Just wondering why https://www.kraken.com/charts already has Ethereum but has not even considered Monero?

My vote is that its more of a technical hurdle to implement cryptonote / Monero. I'm assuming Ethereum is bitcoin-based.  I remember reading something about it somewhere, and it sounded like scope bloat / creep to me. But who knows. In 10 years someone could find this post and go "wow that idiot had no imagination"

I have this feeling that whilst experiments like Ethereum are being taken seriously the cryptocoin community are ignoring Monero, which is a total shame because Monero has a very real differentiator.

Bitcoin - The main one.
Monero - Anonymous and private cryptocurrency.
Ethereum - experimental computational contracts coin.

I see no reason why these three coins can't all exist in places 1,2 and 3.

Ethereum will soon get there, but what about Monero? Why are coins like Ripple, Litecoin, Banxshares, Stellar and Bytecoin being valued so much more than Monero?

Ripple - not a currency. Some centralized payment network.

Litecoin - secondary cryptocurrency market to bitcoin. I see the value in a faster secondary market. 2 blockchains better than one. Redundancy. Different POW, different distribution, etc.

Banxshares - i have no idea what this is.

Stellar - i can't figure out what this is.

bytecoin - scam.

I still can't believe that Bytecoin is worth so much, I honestly thought that it was going to die last year.

Well, when you own the main website that people refer to for a particular coin's worth (coinmarketcap), then its pretty easy to keep your coin in the lime lite.

[smooth]

Stellar - i can't figure out what this is.

It is a clone of Ripple that, as far as I can tell, only exists because the inventor of Ripple didn't get along with the management, so he went off and did another one.

[bitcoin carpenter]

Other than bit coin I'd say monero will be crowned as the best alt soon.   I have been quietly hoarding and mining for a while now.

[americanpegasus]

Other than bit coin I'd say monero will be crowned as the best alt soon.   I have been quietly hoarding and mining for a while now.

 
 
There is an outside chance we may not be an "alt" coin at all. 
 
Bitcoin will do well at #2 marketcap of 6 trillion USD equivalent.   

[kazuki49]

EDIT: Why not call the smallest Monero denomination... a Nero.

its.... perfect!

Bitcoin - The main one.
Monero - Anonymous and private cryptocurrency.
Ethereum - experimental computational contracts coin.

Is there an actual market for computacional contracts? Before Monero I was only on Bitcoin because it could work as that as well, I have no problems with a multi-crypto world, I just like Monero key features and simplicity better and how it accomplishes the electronic cash role beautifully like nothing before, even the name is perfect. I'll not be owning Ethereum btw, even knowing the hype could create a bubble... no thanks.

[americanpegasus]

EDIT: Why not call the smallest Monero denomination... a Nero.

 
 
It's too simple.  Let's fuck that up a bit. 
 
How about we call the smallest unit a "ro". 
 
Then 1,000,000 "ro" is a "nero". 
 
Then 1,000,000 "nero" is a "monero". 
 
That way we can break things down into millionths at least.

[dreamspark]

Just wondering why https://www.kraken.com/charts already has Ethereum but has not even considered Monero?

Because Ethereum is a very high profile project as reflected in its first day market cap of 160 million USD as opposed XMR at <10 million.

Eth is gonna dump so badly once this little bit fo hypes over and all the coins start moving around. Can't wait to short it.

Kinda of like how being able to short XMR on the back of the mintpal pump would have been heavenly.

[dEBRUYNE]

There's been some discussion on this somewhere in the past, I thought it became a "tacoshi" in reference to the dev tacotime.

edit: found this https://moneroeconomy.com/news/submultiples-monero

Some additional info here -> https://forum.getmonero.org/1/news-announcements-and-editorials/196/editorial-submultiples-of-monero

@drawingthesun: Also, Jesse Powell (CEO Kraken) seems to be very fond of Ethereum -> https://www.reddit.com/r/ethereum/comments/3g4bzf/kraken_started_trading_already/ctuqytt

[dEBRUYNE]

Quite relevant, so worth a crosspost:

...
Whether Monero exists as a test bed for features that will be assimilated into bitcoin, or Monero will simply live as a parallel, opaque option to the transparent bitcoin chain, or perhaps just take over and leave bitcoin in the dust. All this will play out.
...

One of my favorite things about Monero is how it can exist as both opaque and transparent.  If I wish for an account to be transparent, I can simply expose my viewkey.

The view key is well known, but it can be a blunt instrument, since it reveals all payments for the entire lifetime of an account (including past and future). It is less known that you can disclose individual payments on a case by case basis, as needed:

In case Alice wants to prove she sent a transaction to Bob’s address she can either disclose r or use any kind of zero-knowledge protocol to prove she knows r (for example by signing the transaction with r)

[markm]

I came across https://antanst.com/blog/2015/05/22/how-to-set-up-a-monero-node-in-ubuntu-14.04/ and noticed it wants me to tell it my IP address, it looks like maybe that could be because it has I2P included in it and I2P needs it?

But back before I started using no-ip.org for dynamic DNS I used to run I2P precisely because it did NOT need to know my IP address, it gave me a way of reaching my machine without it or me having to know its IP address as long as I could use I2P to reach out to it.

So what is the deal with Monero needing a hard-coded IP address in its invocation?

Does this mean only people with static IP can run it?

I really prefer to run things that involve private keys at home, not out on the net on some third party hardware that happens to have a static IP address...

Days ago I figured I should set up a Monero node to check it out, but this has been a stumbling block as I want to run it at home not on someone else's machine in a datacentre.

-MarkM-

[smooth]

@markm You do not need to specify your own IP address. I have no idea why those instructions are telling you do to that.

[dEBRUYNE]

@markm You do not need to specify your own IP address. I have no idea why those instructions are telling you do to that.

It's in antast's blog under "Set up supervisor to make bitmonerod start during system boot" -> https://antanst.com/blog/2015/05/22/how-to-set-up-a-monero-node-in-ubuntu-14.04/

You should enter your real IP address in the second line, and also replace the "1024" limit values, depending on your available bandwidth. These values correspond to kB/s, so the above example specifies a one megabyte per second bandwidth limit.

But as you can see the blog is from may, so it's a bit outdated I think.

@MarkM, perhaps try the more simplified instructions GingerAle posted? https://bitcointalk.org/index.php?topic=652305.msg12033096#msg12033096

I've never heart of this before either.

[markm]

Thanks. So onward to next potential problem:

sudo apt-get install git gcc-4.9 cmake libunbound2 libevent-2.0-5 libgtest-dev libboost1.55-all-dev libevent-dev

Why boost 1.55 ?

(I am on Ubuntu 14.04 with libboost-all-dev (notice lack of insistence on a particular version) installed.)

I vaguely recall something I was thinking of trying wanted that version, not sure if it was Monero or some other thing. But normally this version of Ubuntu, and all the coins I have built so far (and I have built lots of them) are still back on an earlier version of boost, maybe 1.54 or somesuch.

Whatever it was that I previously ran into that wanted 1.55 I did not bother with, I think maybe I also ran into some warning somewhere not to.

What happens to all my normal builds if I install this new boost? Will they get compiled against it and maybe break?

Its possible one of them even specifically warned me not to go to 1.55, I can't recall quite what it was that led to me not bothering with whatever it was I saw before that was wanting to use boost 1.55.

I can't even recall if there was supposed to be a bug in 1.54 that necessitated using 1.55, or a bug in 1.55 that necessitated not moving forward to that version yet, or both.

Though everythign so far seems to be working normally while I have NOT gone ahead to this newfangled 1.55 thing...

-MarkM-

[medusa13]

Days ago I figured I should set up a Monero node to check it out, but this has been a stumbling block as I want to run it at home not on someone else's machine in a datacentre.

-MarkM-

welcome! glad to have you here.
post your address, i send you some. you can just send them back to the adress they came from if you dont want to keep them

if i manage to run it you sure do too!

[luigi1111]

Thanks. So onward to next potential problem:

sudo apt-get install git gcc-4.9 cmake libunbound2 libevent-2.0-5 libgtest-dev libboost1.55-all-dev libevent-dev

Why boost 1.55 ?

(I am on Ubuntu 14.04 with libboost-all-dev (notice lack of insistence on a particular version) installed.)

I vaguely recall something I was thinking of trying wanted that version, not sure if it was Monero or some other thing. But normally this version of Ubuntu, and all the coins I have built so far (and I have built lots of them) are still back on an earlier version of boost, maybe 1.54 or somesuch.

Whatever it was that I previously ran into that wanted 1.55 I did not bother with, I think maybe I also ran into some warning somewhere not to.

What happens to all my normal builds if I install this new boost? Will they get compiled against it and maybe break?

Its possible one of them even specifically warned me not to go to 1.55, I can't recall quite what it was that led to me not bothering with whatever it was I saw before that was wanting to use boost 1.55.

I can't even recall if there was supposed to be a bug in 1.54 that necessitated using 1.55, or a bug in 1.55 that necessitated not moving forward to that version yet, or both.

Though everythign so far seems to be working normally while I have NOT gone ahead to this newfangled 1.55 thing...

-MarkM-

I'm fairly certain the bug was with 1.54, which happened to be the one in the standard Ubuntu 14.04 repository.

Ok, I did a bit of searching: from the first page of this thread, we find: https://bitcointalk.org/index.php?topic=583449.msg6382457#msg6382457 which links here: http://goo.gl/RrCFmA

This was quite some time ago, so I don't know if it's still relevant.

[fluffypony]

I'm fairly certain the bug was with 1.54, which happened to be the one in the standard Ubuntu 14.04 repository.

Ok, I did a bit of searching: from the first page of this thread, we find: https://bitcointalk.org/index.php?topic=583449.msg6382457#msg6382457 which links here: http://goo.gl/RrCFmA

This was quite some time ago, so I don't know if it's still relevant.

It is still relevant - 1.54 chokes, and we're already well past that in terms of Boost versions, so no need to touch 1.54