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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4553860 times)
visdude
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August 31, 2017, 08:03:00 PM
 #35661

Monero is getting its own version of localBitcoins. A team of monero enthusiasts based in Hong Kong have launched an alternative version of LocalBitcoins.com.
Called LocalMonero.co, the website will connect buyers and sellers of the cryptocurrency based on country of residence. Users can meet and exchange monero for cash, or buy it online from a local seller. Created in 2013, monero is a privacy-centric cryptocurrency that obscures user transactional data by use a cryptographic procedure called "ring signatures."
https://localmonero.co

LocalBitcoins.com used to be great when they first started. Back then, you were able to contact any buyer/seller directly (as it should be) and arrange a meetup to trade in person. When they got big, they got greedy. You now have to make a deposit on their site before being able to contact a buyer/seller. I guess they want their cut of the transaction.

I hope LocalMonero does not follow the same business model that LocalBitcoins has currently. If the idea is to find a buyer/seller in one's area, then he/she should be able to do so directly without any strings attached.

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August 31, 2017, 08:36:44 PM
 #35662


...and assuming one can contact a local buyer/seller to trade with in person through LocalMonero without any strings attached, how does one go about sending/receiving a Monero transaction in such a situation without lugging around a cumbersome laptop which requires a WiFi connection?

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August 31, 2017, 08:48:19 PM
 #35663


...and assuming one can contact a local buyer/seller to trade with in person through LocalMonero without any strings attached, how does one go about sending/receiving a Monero transaction in such a situation without lugging around a cumbersome laptop which requires a WiFi connection?
I have an android phone with GnuRoot Debian installed.  On it I run the monero wallet linux command line client.  I use a VPS I rent in Europe as the remote node, but users can take advantage of one of the nodes listed at moneroworld.com
GnuRoot does not require root.
In truth, I only keep that phone wallet as a backup.  I use my laptop when I actually want to send and receive XMR.  Typing in commands on a smartphone's tiny touch screen is too much of a PITA.  But you can run the command line wallet on an anrdoid phone, and it works.  
I'm not going to tell you that you can run a full node on a smartphone;  synching the blockchain on a smartphone is a tall order.  But you can have a working monero wallet.
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August 31, 2017, 09:46:45 PM
 #35664


...and assuming one can contact a local buyer/seller to trade with in person through LocalMonero without any strings attached, how does one go about sending/receiving a Monero transaction in such a situation without lugging around a cumbersome laptop which requires a WiFi connection?
I have an android phone with GnuRoot Debian installed.  On it I run the monero wallet linux command line client.  I use a VPS I rent in Europe as the remote node, but users can take advantage of one of the nodes listed at moneroworld.com
GnuRoot does not require root.
In truth, I only keep that phone wallet as a backup.  I use my laptop when I actually want to send and receive XMR.  Typing in commands on a smartphone's tiny touch screen is too much of a PITA.  But you can run the command line wallet on an anrdoid phone, and it works.  
I'm not going to tell you that you can run a full node on a smartphone;  synching the blockchain on a smartphone is a tall order.  But you can have a working monero wallet.

Though I have a CLI phobia or some sort of aversion to it like so many other average Joes, I did try it on two different phones out of curiosity but could not get it to work. As you implied, it's not a viable nor a practical method of transacting on the go anyway. I guess the point is that Monero has been around a long time yet there is still no working mobile wallet app available to date. In fact, they just recently rolled out the GUI wallet.

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August 31, 2017, 11:26:04 PM
Last edit: August 31, 2017, 11:36:36 PM by birr
 #35665

You mean you installed the GnuRoot Debian app and tried to set up Monero?  Did you use the ARM version?  Phone processors have a different architecture from computer cpu's.  There's a special version of Monero for the kind of cpu that android phones have.  Actually I think the Monero for ARM processors was built with Raspberry Pi users in mind, but the processors in android smart phones belong to the same family.
There's a learning curve to this kind of thing.  If you have negligible experience with the linux command line, navigating file systems and such, I would not expect you to be able to install Monero on your phone and get it working without a considerable effort.
Yeah, a nice android wallet would be a great thing to have.
Not that freewallet thing, which is probably a scam and ought to be taken off the Google Play Store.
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August 31, 2017, 11:42:40 PM
 #35666

Surae Noether's End of August Update!

https://www.reddit.com/r/Monero/comments/6xajr6/suraes_end_of_august_update/

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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September 01, 2017, 01:05:15 AM
 #35667

LocalBitcoins.com used to be great when they first started. Back then, you were able to contact any buyer/seller directly (as it should be) and arrange a meetup to trade in person. When they got big, they got greedy. You now have to make a deposit on their site before being able to contact a buyer/seller. I guess they want their cut of the transaction.

I hope LocalMonero does not follow the same business model that LocalBitcoins has currently. If the idea is to find a buyer/seller in one's area, then he/she should be able to do so directly without any strings attached.

This! I stopped using localbitcoins a long time because of this...
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September 01, 2017, 02:57:41 AM
 #35668

You mean you installed the GnuRoot Debian app and tried to set up Monero?  Did you use the ARM version?  Phone processors have a different architecture from computer cpu's.  There's a special version of Monero for the kind of cpu that android phones have.  Actually I think the Monero for ARM processors was built with Raspberry Pi users in mind, but the processors in android smart phones belong to the same family.
There's a learning curve to this kind of thing.  If you have negligible experience with the linux command line, navigating file systems and such, I would not expect you to be able to install Monero on your phone and get it working without a considerable effort.
Yeah, a nice android wallet would be a great thing to have.
Not that freewallet thing, which is probably a scam and ought to be taken off the Google Play Store.


Just because I expressed my aversion to CLI doesn't necessarily mean I don't know jack about hardware or more specifically, the difference between CPUs/SoCs of different platforms. I actually build rigs and therefore built my own little mining farm way back then before ASICs came into the scene. I also played around with RPi and have a half dozen Android devices that I also play around with. You and I probably read the same guide on the GnuRoot Debian/Monero Wallet CLI combo on Android whose links (from Reddit or Stack Exchange or both) had been posted on several occasions on this thread.

That said, you're still missing the point. Let's say that I was such a wizard of a tech geek as you are and succesfully got Wallet CLI running on one of my Android devices like you did. Is the other party that I'm gonna be transacting with in person as capable as I am in going through the intricacies of such a complex setup? There is no time to show off geek prowess when transacting on the go. One should have the ability to fire up the wallet, punch in the amount and hit send while the recipient would open up his/her mobile wallet and check to see if the transaction went through. That's an actual trading scenario in person. Same thing with making a purchase in person (primary use case) with cryptos. Punch in the amount and hit send. Showcasing geekness not necessary; in fact it's a hindrance and time-consuming in the real world. In other words, it's not viable nor it is practical/efficient.

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September 01, 2017, 08:47:00 AM
 #35669

Man I find this thread structure hard to use Huh, come on over to Reddit, it's way more organised over there Grin

https://www.reddit.com/r/Monero/
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September 01, 2017, 10:04:57 AM
 #35670

Can you run Monero miner through TOR? If yes, what change would need to made to the bat file on the opening page? I'm using Windows.
thanks

As far as i know there is no proxy support? Can someone advice on this.

you can bind other ips/ports as given above.  however, you should not use tor for mining as the latency is very high and you run the risk of your blocks being orphaned.  use a vpn/vps instead.
yes
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September 01, 2017, 02:06:07 PM
 #35671

Man I find this thread structure hard to use Huh, come on over to Reddit, it's way more organised over there Grin

https://www.reddit.com/r/Monero/

FYI most of us here find reddit structure difficult to use, I for one can never find my posts and replies and find it retarded that a bunch of shills can bump up crap while quality sinks to oblivion. I prefer a BBS top down structure where I can go back over a entire conversation just by clicking the hyperlink quotes and reading the posts around that quote for context. But I started in the 80's on BBS boards before the interwebs so that is just me. I also won't use fagbook or any other privacy invasive site. But It would be nice to see the new BCT software finally get completed.

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September 01, 2017, 05:33:01 PM
 #35672

Man I find this thread structure hard to use Huh, come on over to Reddit, it's way more organised over there Grin

https://www.reddit.com/r/Monero/

FYI most of us here find reddit structure difficult to use, I for one can never find my posts and replies and find it retarded that a bunch of shills can bump up crap while quality sinks to oblivion. I prefer a BBS top down structure where I can go back over a entire conversation just by clicking the hyperlink quotes and reading the posts around that quote for context. But I started in the 80's on BBS boards before the interwebs so that is just me. I also won't use fagbook or any other privacy invasive site. But It would be nice to see the new BCT software finally get completed.

I concur. I'm old school too so I definitely prefer the somewhat linear BBS format than the current fancy-schmancy conversation-type format (for a lack of a better description) prevalent in today's social media platforms that I think are less intuitive. It's one of the reasons why I don't do reddit, fecesbook, twit(ter), etc. but most of all, I am definitely not a social media ho. My dirty laundry is not for everyone in the world to witness  Wink ...but I digress.

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September 01, 2017, 07:08:28 PM
 #35673

Maybe this is old info, but I got in contact with a manager at Cryptopia today, via Discord app.

I don't get the impression that they will delist XMR any time soon, but what I learned was interesting.

It may all be old hat to most of you.

As usual, I blogged about it.

https://thecryptopapers.com/2017/09/01/poloniex-v-cryptopia/
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September 01, 2017, 07:55:54 PM
 #35674

Maybe this is old info, but I got in contact with a manager at Cryptopia today, via Discord app.

I don't get the impression that they will delist XMR any time soon, but what I learned was interesting.

It may all be old hat to most of you.

As usual, I blogged about it.

https://thecryptopapers.com/2017/09/01/poloniex-v-cryptopia/

TL;DR - Don’t use Poloniex, because..... (some vague reason about Bytecoin and payment id's).  Roll Eyes

Moving along now...
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September 02, 2017, 02:40:42 AM
 #35675

Maybe this is old info, but I got in contact with a manager at Cryptopia today, via Discord app.

I don't get the impression that they will delist XMR any time soon, but what I learned was interesting.

It may all be old hat to most of you.

As usual, I blogged about it.

https://thecryptopapers.com/2017/09/01/poloniex-v-cryptopia/

This doesn't make sense to me. Sorry if I have not kept up with Bytecoin development, but I was not aware that Bytecoin had the ability to do encrypted payment ids (such as the integrated address with Monero)? Is it true?

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September 02, 2017, 03:26:12 AM
 #35676

Maybe this is old info, but I got in contact with a manager at Cryptopia today, via Discord app.

I don't get the impression that they will delist XMR any time soon, but what I learned was interesting.

It may all be old hat to most of you.

As usual, I blogged about it.

https://thecryptopapers.com/2017/09/01/poloniex-v-cryptopia/

This doesn't make sense to me. Sorry if I have not kept up with Bytecoin development, but I was not aware that Bytecoin had the ability to do encrypted payment ids (such as the integrated address with Monero)? Is it true?

That doesn't seem like the case, as far as I can see from their simplewallet source code:
https://github.com/amjuarez/bytecoin/blob/master/src/SimpleWallet/SimpleWallet.cpp#L469
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September 02, 2017, 03:45:19 AM
 #35677

Here is the Cryptopia response to me, regarding BCN. Maybe I misunderstood. Please advise if it makes any sense. If not, I can ask for clarification. It's a bit raw. It seems to be important to me, if it can cause problems for XMR's (and Aeon) down the road.

"You've basically got the right idea. Polo sends about 90% of their cryptonote transactions to us just fine, but they encrypt the payment IDs of the other 10% with some password we've not yet figured out. We tried to contact their support to explain what they were doing but much like their users, we've been waiting for months with no reply. We have a working theory that like us, Polo has issues with Cryptonote wallets timing out calls, and thus it's probably only the manually reprocessed transactions that are going badly - when you google it, in many examples of how to send transactions for Cryptonote, the user is instructed to use a password to encrypt the paymentid - we assume that whoever is redoing their transactions doesn't know what they're doing.

"There is 2 major problems with this for us. The first being that many smarter users starting watching the blockchain for encrypted payment IDs arriving at our addresses, multiple users would then log support tickets claiming that the transaction was theirs and that they should be credited. A single transaction with an encrypted paymentid doesn't create a single support ticket, it creates many.
And so we just sent all the encrypted transactions back to Polo, we even paid the fees to do that, with the same encrypted payloadid hoping that Polo would figure out what we were doing and why, but, alas, nope. We then started getting user complaints that people were trying to move funds from Polo to Cryptopia, and that we were essentially rejecting their money and sending them to Polo's support to wait 3 months for shits and giggles.

"On one hand we get called thieves, and on the other we have users trying to leave Polo to come to us and having a very nasty first user experience which is out of our control. Either way, the support overhead makes us run at a massive loss to support Cryptonote coins, and the negative reputation we get for Polo's mistake made it a pretty clear cut "sorry, but this is why we can't have nice things", and is the reason that we don't accept new Cryptonote coins and are actively delisting the ones we do have. It's nothing to do with any KYC/AML requirements; it's nothing to do with the anonymity components of the coins/protocol; it's simply a bullshit sandwich being served up by Polo that we don't wanna eat anymore.
Worth noting is that for whatever reason, this issue doesn't happen nearly as much with XMR (like 0.5% of the transactions vs 10%), I dunno why."

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September 02, 2017, 06:18:52 AM
 #35678

Here is the Cryptopia response to me, regarding BCN. Maybe I misunderstood. Please advise if it makes any sense. If not, I can ask for clarification. It's a bit raw. It seems to be important to me, if it can cause problems for XMR's (and Aeon) down the road.

"You've basically got the right idea. Polo sends about 90% of their cryptonote transactions to us just fine, but they encrypt the payment IDs of the other 10% with some password we've not yet figured out. We tried to contact their support to explain what they were doing but much like their users, we've been waiting for months with no reply. We have a working theory that like us, Polo has issues with Cryptonote wallets timing out calls, and thus it's probably only the manually reprocessed transactions that are going badly - when you google it, in many examples of how to send transactions for Cryptonote, the user is instructed to use a password to encrypt the paymentid - we assume that whoever is redoing their transactions doesn't know what they're doing.

"There is 2 major problems with this for us. The first being that many smarter users starting watching the blockchain for encrypted payment IDs arriving at our addresses, multiple users would then log support tickets claiming that the transaction was theirs and that they should be credited. A single transaction with an encrypted paymentid doesn't create a single support ticket, it creates many.
And so we just sent all the encrypted transactions back to Polo, we even paid the fees to do that, with the same encrypted payloadid hoping that Polo would figure out what we were doing and why, but, alas, nope. We then started getting user complaints that people were trying to move funds from Polo to Cryptopia, and that we were essentially rejecting their money and sending them to Polo's support to wait 3 months for shits and giggles.

"On one hand we get called thieves, and on the other we have users trying to leave Polo to come to us and having a very nasty first user experience which is out of our control. Either way, the support overhead makes us run at a massive loss to support Cryptonote coins, and the negative reputation we get for Polo's mistake made it a pretty clear cut "sorry, but this is why we can't have nice things", and is the reason that we don't accept new Cryptonote coins and are actively delisting the ones we do have. It's nothing to do with any KYC/AML requirements; it's nothing to do with the anonymity components of the coins/protocol; it's simply a bullshit sandwich being served up by Polo that we don't wanna eat anymore.
Worth noting is that for whatever reason, this issue doesn't happen nearly as much with XMR (like 0.5% of the transactions vs 10%), I dunno why."



Polo is too big and fat to react quickly and smoothly  Huh Roll Eyes Shocked

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September 02, 2017, 02:26:02 PM
 #35679

Ready to get up to 0.03 BTC once again... guys? Smiley

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September 02, 2017, 02:30:57 PM
 #35680

Ready to get up to 0.03 BTC once again... guys? Smiley

ready to go back to 90 dollars again mate?
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