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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4554479 times)
guesswhat
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August 13, 2017, 01:48:36 AM
 #35341

What are the major differences between monero and zcash, both being developed towards anonymity. Long term?

I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check

Monero is better than Zcash in terms of privacy. Zcash transactions are visible on their blockchain, but in Monero, nobody is able to see your transactions. Monero is 100% private and secret.
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August 13, 2017, 04:53:39 AM
 #35342

I'm Suprised this hasn't been posted here. Pretty cool that he called it way back when everyone was on AOL. Lol, you've got mail. Smiley

https://www.youtube.com/watch?v=errI-bKEKEQ

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August 13, 2017, 06:09:32 AM
 #35343

I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check


... That bug, had it been exploited (as it was in some other cryptonote-based coins but not Monero), would been visible on the blockchain....


Kindly expand on this - how would one be able to identify which coins were "minted" as opposed to legitimately mined on the blockchain?
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August 13, 2017, 07:12:08 AM
 #35344

Good time to buy do you think?

XMR always seems to get back up to the 0.17 - 0.018 mark eventually.

Buy it 1 more good new and it grow up so fast...

Had ETH not just had a bit drop i would do. I hadn't expected my buy order to kick in. I guess it's good since I got a low price but it may have been sensible to keep some solvency so I could spread myself to XMR too. - Lesson learnt Smiley

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August 13, 2017, 07:35:12 AM
 #35345

I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check


... That bug, had it been exploited (as it was in some other cryptonote-based coins but not Monero), would been visible on the blockchain....


Kindly expand on this - how would one be able to identify which coins were "minted" as opposed to legitimately mined on the blockchain?

Because they would have had invalid key images. It's something vaguely analogous to if the amount was -100 instead of 100 but the code had been missing a check for negative numbers. Once the check is added the bogus key images are immediately detected and rejected. Those coins that actually got exploited (BCN, XDN, some others) need to disable the check for older blocks to avoid rejecting them.

Monero was never exploited and doesn't need such an exception.


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August 13, 2017, 11:51:51 AM
 #35346

I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check


... That bug, had it been exploited (as it was in some other cryptonote-based coins but not Monero), would been visible on the blockchain....


Kindly expand on this - how would one be able to identify which coins were "minted" as opposed to legitimately mined on the blockchain?

Because they would have had invalid key images. It's something vaguely analogous to if the amount was -100 instead of 100 but the code had been missing a check for negative numbers. Once the check is added the bogus key images are immediately detected and rejected. Those coins that actually got exploited (BCN, XDN, some others) need to disable the check for older blocks to avoid rejecting them.

Monero was never exploited and doesn't need such an exception.


Hi Smooth, and thanks for your reply

So to be clear, does this mean that we know the bug was not exploited because the Monero blockchain rejects invalid key images, and any rejected key images would be visible on the blockchain if they existed?

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August 13, 2017, 01:18:48 PM
 #35347

cḿon guys! xmr is losing -.- lets break the 50$ wall and go to 100
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August 13, 2017, 05:00:58 PM
 #35348

cḿon guys! xmr is losing -.- lets break the 50$ wall and go to 100

Soon*

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August 13, 2017, 11:32:17 PM
 #35349

Ledger & Monero update

https://www.reddit.com/r/Monero/comments/6thv8j/ledger_hardware_wallet_monero_integration/



"First Monero Exchange in India, Now Trade Monero (XMR) directly with Indian Rupees (INR) 24x7 at buyUcoin.com"

https://www.buyucoin.com/

https://www.reddit.com/r/Monero/comments/6thc1j/first_monero_exchange_in_india_now_trade_monero/



"Monero Integrations Updates #7"

https://www.reddit.com/r/Monero/comments/6tgxng/monero_integrations_updates_7/



"Wikileaks has added support for Monero"

https://shop.wikileaks.org/donate

https://www.reddit.com/r/Monero/comments/6thzig/wikileaks_has_added_support_for_monero/


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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August 14, 2017, 02:48:30 AM
 #35350

Hey guys, what's the best miner for CPU right now? I've come across a few, but they're all old. No recent updates to cpu miners?

Grow the Dividend Snek! (pm me if you have questions)
https://powh.io/?masternode=0x1f9b145fdaef2b82aef29c2f3c9b875a8b017512
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August 14, 2017, 08:59:32 AM
 #35351


Good news! That's are updates we need now!
Thank you dEBRUYNE!

Monero to the MOOOOOOOOON!  Grin

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August 14, 2017, 10:41:37 AM
 #35352


monero to the moon? do u still believe in that? i am waiting for month to see any movement in monero while most other cryptos go and and up and up .....

What? Cheesy
80% of coins on poloniex is red! All of them are going down from two weeks..
News like this strengthen Monero position, and later the price will be skyrocketing! You will see Wink


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dEBRUYNE
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August 14, 2017, 12:22:44 PM
 #35353

"RingCT 2.0: A Compact Linkable Ring Signature Based Protocol for Blockchain Cryptocurrency Monero" - by Sun et al. (2017)

https://www.docdroid.net/8eLcBMr/ringct.pdf

https://www.reddit.com/r/Monero/comments/6tlxpp/ringct_20_a_compact_linkable_ring_signature_based/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
bitebits
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August 14, 2017, 12:34:07 PM
 #35354

"RingCT 2.0: A Compact Linkable Ring Signature Based Protocol for Blockchain Cryptocurrency Monero" - by Sun et al. (2017)

https://www.docdroid.net/8eLcBMr/ringct.pdf

https://www.reddit.com/r/Monero/comments/6tlxpp/ringct_20_a_compact_linkable_ring_signature_based/

Thanks for sharing dEBRUYNE. It is incredible how hard Monero is being worked on and improved over the years.
Long live planned protocol updates (hard forks).

Quote
Abstract. In this work, we initially study the necessary properties and
security requirements of Ring Con dential Transaction (RingCT) proto-
col deployed in the popular anonymous cryptocurrency Monero. Firstly,
we formalize the syntax of RingCT protocol and present several formal
security de nitions according to its application in Monero. Based on our
observations on the underlying (linkable) ring signature and commitment
schemes, we then put forward a new efficient RingCT protocol (RingCT
2.0), which is built upon the well-known Pedersen commitment, accu-
mulator with one-way domain and signature of knowledge (which alto-
gether perform the functions of a linkable ring signature). Besides, we
show that it satis es the security requirements if the underlying build-
ing blocks are secure in the random oracle model. In comparison with
the original RingCT protocol, our RingCT 2.0 protocol presents a sig-
ni cant space saving
, namely, the transaction size is independent of the
number of groups of input accounts included in the generalized ring while
the original RingCT suffers a linear growth with the number of groups,
which would allow each block to process more transactions.

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero:
 on.your.mark, get set, go!
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August 14, 2017, 02:20:38 PM
 #35355

Its an interesting read, but it really kind of just says more mixins = better.
Seems like common sense but I'm sleepy.
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August 14, 2017, 02:23:54 PM
 #35356

Impressive updates!
Great project, great plan and great development team!
It must work out!

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August 14, 2017, 04:16:07 PM
 #35357

Impressive updates!
Great project, great plan and great development team!
It must work out!

Looking forward to the next six months..
smooth
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August 14, 2017, 11:13:23 PM
 #35358

I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check


... That bug, had it been exploited (as it was in some other cryptonote-based coins but not Monero), would been visible on the blockchain....


Kindly expand on this - how would one be able to identify which coins were "minted" as opposed to legitimately mined on the blockchain?

Because they would have had invalid key images. It's something vaguely analogous to if the amount was -100 instead of 100 but the code had been missing a check for negative numbers. Once the check is added the bogus key images are immediately detected and rejected. Those coins that actually got exploited (BCN, XDN, some others) need to disable the check for older blocks to avoid rejecting them.

Monero was never exploited and doesn't need such an exception.


Hi Smooth, and thanks for your reply

So to be clear, does this mean that we know the bug was not exploited because the Monero blockchain rejects invalid key images, and any rejected key images would be visible on the blockchain if they existed?

Correct
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August 15, 2017, 05:14:15 AM
Last edit: August 15, 2017, 05:31:54 AM by pookielax31
 #35359

any formal updates on this wallet?? Looks like they have been plugging away on github . https://github.com/mymonero/mymonero-app-js/commits/master

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August 16, 2017, 10:05:47 AM
 #35360

cḿon guys! xmr is losing -.- lets break the 50$ wall and go to 100

Soon*

*Soon™
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