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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4559646 times)
Nathan047
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March 16, 2017, 12:50:50 AM
 #34261

Is https://mymonero.com/ legit? Thanks in advance.
Yup, it's run by one of the  Monero developers. I also heard (but can't verify) that only you can access your funds when you use them.

I'm starting a technology blog T4CH.top, check it out!
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March 16, 2017, 01:04:18 AM
Last edit: March 16, 2017, 01:19:01 AM by owlcatz
 #34262

Is https://mymonero.com/ legit? Thanks in advance.
Yup, it's run by one of the  Monero developers. I also heard (but can't verify) that only you can access your funds when you use them.

Fluffypony runs the site - he's one of the leading XMR devs. Sure, many thousands of dollars have been stolen using MITM attacks due to crappy vpns and poor openssl updates... A user here named Birr lost a LOT of money there, so be wary, i'm quite sure he will chime in.

Edit - Shameless plug for physical original Monero coins here - https://bitcointalk.org/index.php?topic=1828463.msg18204098#msg18204098

Thanks! Cheesy
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March 16, 2017, 03:49:29 AM
 #34263

Is https://mymonero.com/ legit? Thanks in advance.
Yup, it's run by one of the  Monero developers. I also heard (but can't verify) that only you can access your funds when you use them.

Fluffypony runs the site - he's one of the leading XMR devs. Sure, many thousands of dollars have been stolen using MITM attacks due to crappy vpns and poor openssl updates... A user here named Birr lost a LOT of money there, so be wary, i'm quite sure he will chime in.

Edit - Shameless plug for physical original Monero coins here - https://bitcointalk.org/index.php?topic=1828463.msg18204098#msg18204098

Thanks! Cheesy

I may have stumbled across that guys reddit post. When I made my first transaction this morning and my balance went to zero and almost broke something beautiful. Couple that with taking FOR-fucking-ever to confirm...30 confirmations are a drag. I'm synching my own wallet now, also taking forever.

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  25X FASTER THAN BITCOIN, LIGHTNING NETWORK & ATOMIC SWAPS  
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Geekphazm
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March 16, 2017, 03:57:09 AM
 #34264

Monero and Dash competition is fierce again, let us watch the result, will Monero's surge will stop Dash's bullish market? If yes, We will see XMR no.3.
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March 16, 2017, 04:10:46 AM
Last edit: March 16, 2017, 04:21:00 AM by birr
 #34265

Is https://mymonero.com/ legit? Thanks in advance.
Yup, it's run by one of the  Monero developers. I also heard (but can't verify) that only you can access your funds when you use them.

Fluffypony runs the site - he's one of the leading XMR devs. Sure, many thousands of dollars have been stolen using MITM attacks due to crappy vpns and poor openssl updates... A user here named Birr lost a LOT of money there, so be wary, i'm quite sure he will chime in.

Edit - Shameless plug for physical original Monero coins here - https://bitcointalk.org/index.php?topic=1828463.msg18204098#msg18204098

Thanks! Cheesy

A bit over 7k xmr, worth about ninety three thousand dollars at the time of theft.
Your humble correspondent is bloodied but unbowed, as the expression goes.
Been using command line daemon and wallet on linux ever since.
At least one other person lost a significant amount, but I don't remember how much.
Fluffy would have done well to require 2FA on that site, instead he had a laser focus on being user friendly to promote monero use and make it easy for newbs to get in... well, newbs make mistakes.  Mistakes like using Fluffy's web wallet.
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March 16, 2017, 09:40:27 AM
 #34266

Monero and Dash competition is fierce again, let us watch the result, will Monero's surge will stop Dash's bullish market? If yes, We will see XMR no.3.

There's a hell of lot more money supply involved in DASH, so when Monero hits its tail emission (an ever decreasing money supply inflation rate) it is quite possible that its market cap will surpass dash.
The GUI application will open up XMR to less technically minded people.
The anonymity technology is much better in XMR than DASH.
DASH as gone on such a thin market astronomical pump it going to take quite a constipated squeeze to get that dump out. Then it will plop with a big splash.  Cheesy

Scaling and transaction rate: https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
Do not allow demand to exceed capacity. Do not allow mempools to forget transactions. Relay all transactions. Eventually confirm all transactions.
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March 16, 2017, 10:01:08 AM
 #34267

Monero and Dash competition is fierce again, let us watch the result, will Monero's surge will stop Dash's bullish market? If yes, We will see XMR no.3.

There's a hell of lot more money supply involved in DASH, so when Monero hits its tail emission (an ever decreasing money supply inflation rate) it is quite possible that its market cap will surpass dash.
The GUI application will open up XMR to less technically minded people.
The anonymity technology is much better in XMR than DASH.
DASH as gone on such a thin market astronomical pump it going to take quite a constipated squeeze to get that dump out. Then it will plop with a big splash.  Cheesy

XMR had huge volume over 100000 BTC in last ATH, but Dash has less, maybe more small investors have Dash, so they can pump so high, if whales have many Dash, they will dump crazily to cash out.
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March 16, 2017, 10:34:05 AM
 #34268

Concentrate on the technology and real world application use, and the market cap will look after itself. Speculation is the overwhelming dictator of price at the moment, that will eventually reduce with real supply and demand.

Scaling and transaction rate: https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
Do not allow demand to exceed capacity. Do not allow mempools to forget transactions. Relay all transactions. Eventually confirm all transactions.
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March 16, 2017, 12:02:32 PM
 #34269

Proposal - Monero Bounty for HackerOne

https://forum.getmonero.org/6/ideas/87597/monero-bounty-for-hackerone

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
JosNekoKopa
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March 16, 2017, 12:18:44 PM
Last edit: March 16, 2017, 12:37:57 PM by JosNekoKopa
 #34270

No and No. And yup your right this should be debated in another thread, why don't you start one?
Does Bob Surplus still hold a bag of cloak?
He is out of Cloak for a long time! He probably already forget for this project, which has entirely different development team and plans. New tech has entirely new approach, we can discuss about it, if you are interested in new topic.

https://bitcointalk.org/index.php?topic=1829362.new#new
Hueristic
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March 16, 2017, 03:10:30 PM
 #34271

No and No. And yup your right this should be debated in another thread, why don't you start one?
Does Bob Surplus still hold a bag of cloak?
He is out of Cloak for a long time! He probably already forget for this project, which has entirely different development team and plans. New tech has entirely new approach, we can discuss about it, if you are interested in new topic.

https://bitcointalk.org/index.php?topic=1829362.new#new

Nah, I warned all the cloak holders what he was going to do to them and they followed him to the slaughter anyway. I watched it all and that community was just too low brow for my taste, but thx. Toss the link to your new thread and I'll lurk it but I can't conceive of any way I'd get involved.

Edit: I see the links in your sig, subbed.

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March 16, 2017, 05:14:17 PM
 #34272

When I send 1 XMR, 100 XMR is sent and 99 XMR comes back.

How can I limit or lower the amount for sending coin?
It's quite annoying that I can't send next payout immediately because all coins are sent temporarily.

Is a bug from wallet daemon? Or intended?
I'm using v0.10.1.0-release.

Mining Pool Hub - https://miningpoolhub.com
Nik4691
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March 16, 2017, 05:25:25 PM
 #34273

When I send 1 XMR, 100 XMR is sent and 99 XMR comes back.

How can I limit or lower the amount for sending coin?
It's quite annoying that I can't send next payout immediately because all coins are sent temporarily.

Is a bug from wallet daemon? Or intended?
I'm using v0.10.1.0-release.
You must have many small chunks of XMR if you want to send small amounts.
Else, if you have, say, chunks of 50 or 100 the mixin will select them and then you must wait for the balance to mature (become spendable) again.
It's not a bug.
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March 16, 2017, 05:26:02 PM
 #34274

When I send 1 XMR, 100 XMR is sent and 99 XMR comes back.

How can I limit or lower the amount for sending coin?
It's quite annoying that I can't send next payout immediately because all coins are sent temporarily.

Is a bug from wallet daemon? Or intended?
I'm using v0.10.1.0-release.

That entirely depends on the kind of inputs your wallet owns. Think of inputs as bills. If you only have a $100 bill and try to buy something worth 1$ you'd need to use the $100 bill and you'll receive $99 as change. Monero works similiarly. If your wallet only has a 100 XMR input it will use this input to transfer 1 XMR to the recipient. The change will then be 99 XMR minus the fee. Thus, this is simply how Monero works and intended.

I presume you are running a mining pool. Therefore, over time, you should receive a lot of (relatively) smaller inputs from the coinbase transactions (block rewards + fees of transactions included in the block). I'd advise the simply be patient. Your situation will eventually resolve itself and you'll be able to make quicker payments.

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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March 16, 2017, 07:34:47 PM
Last edit: March 16, 2017, 09:00:01 PM by dEBRUYNE
 #34275

It's taking 12 hours now to get transactions processed? It seems the block size adjustment algorithm wasn't designed with these sorts of massive swings in public interest in mind.

It isn't working properly and will be adjusted to address this. A quick fix will come with the upcoming hardfork (April 15 most likely) where the minimum blocksize limit will be raised to 300 kB as far as I know. In addition, see:

https://github.com/JollyMort/monero-research/blob/master/Monero%20Dynamic%20Block%20Size%20and%20Dynamic%20Minimum%20Fee/Monero%20Dynamic%20Block%20Size%20and%20Dynamic%20Minimum%20Fee%20-%20DRAFT.md

https://www.reddit.com/r/Monero/comments/5zoadt/new_fork_around_april_15th_fixes_high_fees_and/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
agario
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March 16, 2017, 08:00:24 PM
 #34276

Monero is great and I've heavily invested into it, however I don't see it getting enough pace of developement, enough funds (giving incentive) for developement and dealing with the scaling problems when the network actually gets big in a few years. In a way it is not Bitcoin 2.0 it is Bitcoin 1.5...

User friendliness, marketing, scaling. Monero's governance needs to deal with these and it can't cause' it's poor as it is. Get some models going to get those funded and governated please. The code is law, but it's not artificial intelligence, thus cannot solve real world implementation problems by itself.

The way Monero is today, if community does not act before it gets full of retards, a day will come this will be nothing different than anon bitcoin, which is sad. Because an anon bitcoin can only hope to make it to a slightly better level than bitcoin. And we already see other cryptos flying by with inovation in government and fundraising for developement.

I'm drunk, so sorry for typos...
Cheers
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March 16, 2017, 09:46:23 PM
 #34277

It's taking 12 hours now to get transactions processed? It seems the block size adjustment algorithm wasn't designed with these sorts of massive swings in public interest in mind.

It isn't working properly and will be adjusted to address this. A quick fix will come with the upcoming hardfork (April 15 most likely) where the minimum blocksize limit will be raised to 300 kB as far as I know. In addition, see:

https://github.com/JollyMort/monero-research/blob/master/Monero%20Dynamic%20Block%20Size%20and%20Dynamic%20Minimum%20Fee/Monero%20Dynamic%20Block%20Size%20and%20Dynamic%20Minimum%20Fee%20-%20DRAFT.md

https://www.reddit.com/r/Monero/comments/5zoadt/new_fork_around_april_15th_fixes_high_fees_and/

This issue is the ratio of the min RingCT tx size ~13000 bytes to the min effective blocksize 60000 bytes. This forces a very high penalty for an additional tx and causes the backlog. The hardfork addresses this  by increasing the min blocksize to 300000 bytes which will allow a RingCT tx ~13000 bytes to pay its penalty if the tx is added at just over the new 300000 byte min effective blocksize  provided this tx uses the new 4x default fee or a higher fee. The new default fee at 4x when the median blocksize is below 300000 bytes is 80% of the old default fee at 1x when the median blocksize was below 60000 bytes. This should allow for smooth blocksize scaling for txs that pay the default or higher fee.

The result is that a tx paying the default fee (4x) should under normal circumstances have no problems getting mined. There is a now a cheaper option (1x) where in exchange for the lower fee the sender accepts the risk of delay and under certain rare circumstances the possibility it may not get mined at all.

I should point out that if there is a very sudden sharp increase in tx demand and a fast confirmation is important then paying the higher 20x fee or even 166x fee may be appropriate. That is after all the purpose of the higher fee levels.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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March 16, 2017, 09:49:33 PM
 #34278

You must have many small chunks of XMR if you want to send small amounts.
Else, if you have, say, chunks of 50 or 100 the mixin will select them and then you must wait for the balance to mature (become spendable) again.
It's not a bug.

Yeah, thanks.
Is there any way to have more small chunks?
Maybe changing mixin parameter would do some similar effect?

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miningpoolhub
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March 16, 2017, 10:04:36 PM
 #34279

When I send 1 XMR, 100 XMR is sent and 99 XMR comes back.

How can I limit or lower the amount for sending coin?
It's quite annoying that I can't send next payout immediately because all coins are sent temporarily.

Is a bug from wallet daemon? Or intended?
I'm using v0.10.1.0-release.

That entirely depends on the kind of inputs your wallet owns. Think of inputs as bills. If you only have a $100 bill and try to buy something worth 1$ you'd need to use the $100 bill and you'll receive $99 as change. Monero works similiarly. If your wallet only has a 100 XMR input it will use this input to transfer 1 XMR to the recipient. The change will then be 99 XMR minus the fee. Thus, this is simply how Monero works and intended.

I presume you are running a mining pool. Therefore, over time, you should receive a lot of (relatively) smaller inputs from the coinbase transactions (block rewards + fees of transactions included in the block). I'd advise the simply be patient. Your situation will eventually resolve itself and you'll be able to make quicker payments.


Yeah you are right. This is pool's wallet.
I also thought like your answer before because I've experienced with other similar coins.

Monero pool was launched at last december, ran about less than 3 months, found 1892 blocks currently.

What I don't understand is that pool was able to send coins frequently at pool launch.
But now I see more and more bigger chunks as time passes. Almost all coins are sent and came back for just 1~3 payouts. So I have to wait for them to arrive.

Problem is getting bigger, not smaller. This is weird from my perspective.
So I assumed that maybe I configured something wrongly.

Maybe some recommended parameters for sending coin?
mixin? unlock_time?
And is it recommended to use "sweep_dust" method? or not?


FYI, I used v0.10.2.0 and downgraded to v0.10.1.0 due to fork issue some days ago.
Maybe problem started after that.

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March 16, 2017, 10:18:31 PM
 #34280

With regard to the question of scaling, as it stands right now I have websites requesting values like 0.1232827374 XMR and it makes the transaction have so many senseless inputs. It makes me wonder. Has there been any thought on the part of the development team of restricting the denominations? If it were restricted down to around the value of a penny or a dime or some smallish but not too small denomination, and permanently ratcheted up one decimal place every time the minimum resolution became to course, it would help with scaling a great deal I think.

This may have been a tall order in the past, due to the friction associated with rolling out forks, but monero has pioneered a relatively smooth method for rolling out forks so maybe we should consider?
Please bring it to the attention of Fluffypony.
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