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

[Hueristic]

http://www.businessinsider.com/intel-just-challenged-ibm-for-the-future-of-quantum-computing-2017-10

Intel’s director of quantum hardware, Jim Clarke, holds the new 17-qubit superconducting test chip

Surprised this hasn't been posted yet. I've been catching up with the last weeks tech news and this is worth keeping an eye on, it seems to be developing faster than anyone predicted.

[adamvp]

how long does is take to start using monero on average computer..
inter core i3 8gb ram 10mbps bandwidth. .
Do we have to download full blockchain or there's a option to prune?

[Anarchy101]

Today is the first time I withdrew my XMR from an exchange to my wallet but it's still saying unconfirmed Can someone tell me when I can again transfer my XMR token to a new address?

Thanks

[bitcoin2daMoon]

how long does is take to start using monero on average computer..
inter core i3 8gb ram 10mbps bandwidth. .
Do we have to download full blockchain or there's a option to prune?

Which OS and wallet do you have?

Anyway, Monero wallets, Windows, Linux, OSX and Android cli and gui, they all support remote node/daemon which gets you going faster, but you give up privacy (your IP address) to the remote node/daemon owner, so maybe use a VPN.

[dEBRUYNE]

how long does is take to start using monero on average computer..
inter core i3 8gb ram 10mbps bandwidth. .
Do we have to download full blockchain or there's a option to prune?

Depends, if you have an SSD it's generally quite fast. However, an HDD might significantly slow things down. There's no option to prune yet. However, you can use a remote node:

https://moneroworld.com/#nodes

Trade-offs:

https://monero.stackexchange.com/questions/1134/is-it-safe-to-share-a-daemon-with-a-roommate

[dEBRUYNE]

Today is the first time I withdrew my XMR from an exchange to my wallet but it's still saying unconfirmed Can someone tell me when I can again transfer my XMR token to a new address?

Thanks

Try searching the transaction ID / hash on a block explorer (e.g. https://xmrchain.net).

[spunkybd]

I am CPU mining with 3 computers and GPU mining with one. What a great coin.

[Hueristic]

Just another day in you data is not safe land, here's one for all you guys who want to use android wallets and run your Linux boxes over WPA2.

As a proof-of-concept we executed a key reinstallation attack against an Android smartphone. In this demonstration, the attacker is able to decrypt all data that the victim transmits. For an attacker this is easy to accomplish, because our key reinstallation attack is exceptionally devastating against Linux and Android 6.0 or higher. This is because Android and Linux can be tricked into (re)installing an all-zero encryption key (see below for more info). When attacking other devices, it is harder to decrypt all packets, although a large number of packets can nevertheless be decrypted. In any case, the following demonstration highlights the type of information that an attacker can obtain when performing key reinstallation attacks against protected Wi-Fi networks:

https://www.krackattacks.com/

[N1ceManx]

I am CPU mining with 3 computers and GPU mining with one. What a great coin.

What profitability it has? I got old GPU mining farm but didn't turn on it for years))) Price of electricity just grow up...

[jwinterm]

Article on North Korea cyber capabilities mentions them hacking crypto exchanges and converting BTC to XMR:
https://www.boston.com/news/world-news/2017/10/16/the-world-once-laughed-at-north-korean-cyber-power-no-more

More recently, North Koreans seemed to have changed tack once again. North Korean hackers’ fingerprints showed up in a series of attempted attacks on cryptocurrency exchanges in South Korea, and were successful in at least one case, according to researchers at FireEye.

The attacks on Bitcoin exchanges, which see hundreds of millions of dollars worth of Bitcoin exchanged a day, offered Pyongyang a potentially very lucrative source of new funds. And, researchers say, there is evidence they have been exchanging Bitcoin gathered from their heists for Monero, a highly anonymous version of cryptocurrency that is far harder for global authorities to trace.

[Cryptobaton]

R is a next mega capacity currency

[jemura]

Article on North Korea cyber capabilities mentions them having crypto exchanges and converting BTC to XMR:
https://www.boston.com/news/world-news/2017/10/16/the-world-once-laughed-at-north-korean-cyber-power-no-more

More recently, North Koreans seemed to have changed tack once again. North Korean hackers’ fingerprints showed up in a series of attempted attacks on cryptocurrency exchanges in South Korea, and were successful in at least one case, according to researchers at FireEye.

The attacks on Bitcoin exchanges, which see hundreds of millions of dollars worth of Bitcoin exchanged a day, offered Pyongyang a potentially very lucrative source of new funds. And, researchers say, there is evidence they have been exchanging Bitcoin gathered from their heists for Monero, a highly anonymous version of cryptocurrency that is far harder for global authorities to trace.

Yea, even North Koreans are using XMR because monero is only one really untraceable coin on the market.

[Hueristic]

Article on North Korea cyber capabilities mentions them hacking crypto exchanges and converting BTC to XMR:
https://www.boston.com/news/world-news/2017/10/16/the-world-once-laughed-at-north-korean-cyber-power-no-more

More recently, North Koreans seemed to have changed tack once again. North Korean hackers’ fingerprints showed up in a series of attempted attacks on cryptocurrency exchanges in South Korea, and were successful in at least one case, according to researchers at FireEye.

The attacks on Bitcoin exchanges, which see hundreds of millions of dollars worth of Bitcoin exchanged a day, offered Pyongyang a potentially very lucrative source of new funds. And, researchers say, there is evidence they have been exchanging Bitcoin gathered from their heists for Monero, a highly anonymous version of cryptocurrency that is far harder for global authorities to trace.

I guess all news is good news. Lol

[Millionero]

Just another day in you data is not safe land, here's one for all you guys who want to use android wallets and run your Linux boxes over WPA2.

As a proof-of-concept we executed a key reinstallation attack against an Android smartphone. In this demonstration, the attacker is able to decrypt all data that the victim transmits. For an attacker this is easy to accomplish, because our key reinstallation attack is exceptionally devastating against Linux and Android 6.0 or higher. This is because Android and Linux can be tricked into (re)installing an all-zero encryption key (see below for more info). When attacking other devices, it is harder to decrypt all packets, although a large number of packets can nevertheless be decrypted. In any case, the following demonstration highlights the type of information that an attacker can obtain when performing key reinstallation attacks against protected Wi-Fi networks:

https://www.krackattacks.com/

some relevant information
http://www.kb.cert.org/vuls/id/228519
http://www.zdnet.com/article/here-is-every-patch-for-krack-wi-fi-attack-available-right-now/

[profitgenerator212]

Hey I have a serious question to the Monero community.

So after I realized that Dash is potentially inferior in every aspect, perhaps except the community aspect, but Monero is getting more mainstream too nowadays. And we know Zcash and others are bad too.

So Monero has all the cool features, privacy, anonymity, decent community (not full of shills and trolls) and a pretty good research and development team.

But there is 1 issue with Monero, a big one: SCALING


Why the hell does Monero align itself with the retarded small blocker camp? The more I research it, the more obvious it is to me that the small blockers in Bitcoin, Bitcoin Core, have just done horrible damage to Bitcoin's scalability and adoption (literally over 80% of the world earns less daily income than your BTC tx fee). In fact I think some Core developers have worked in Monero, so there is some tight alliance there.

I have heard some rumors about adding Segwit or something similar to Monero, when if you do any research on it, it clearly shows how inferior it is the soft fork segwit, it creates this colored coin environment controlled by the miners. We do bash Dash for it's masternode setup, but for some reason Segwit controlled by the miners is not a big deal.

Look I am no technical expert but every evidence points towards big blocks being the good scaling solution.

Can somebody, an expert, explain to me clearly and honestly why Monero does not go with the big block strategy?

[jwinterm]

...
Can somebody, an expert, explain to me clearly and honestly why Monero does not go with the big block strategy?[/b]

Monero has a dynamic block size. Blocks will increase in maximum capacity automagically as more transactions are included on a consistent basis. Of course, on chain scaling has limitations, so off-chain stuff like some kind of lightning implementation are being looked at as well I think.

[elrippos friend]

Just another day in you data is not safe land, here's one for all you guys who want to use android wallets and run your Linux boxes over WPA2.

As a proof-of-concept we executed a key reinstallation attack against an Android smartphone. In this demonstration, the attacker is able to decrypt all data that the victim transmits. For an attacker this is easy to accomplish, because our key reinstallation attack is exceptionally devastating against Linux and Android 6.0 or higher. This is because Android and Linux can be tricked into (re)installing an all-zero encryption key (see below for more info). When attacking other devices, it is harder to decrypt all packets, although a large number of packets can nevertheless be decrypted. In any case, the following demonstration highlights the type of information that an attacker can obtain when performing key reinstallation attacks against protected Wi-Fi networks:

https://www.krackattacks.com/

Nice to read, thanks 

[Hueristic]

Hey I have a serious question to the Monero community.

So after I realized that Dash is potentially inferior in every aspect, perhaps except the community aspect, but Monero is getting more mainstream too nowadays. And we know Zcash and others are bad too.

So Monero has all the cool features, privacy, anonymity, decent community (not full of shills and trolls) and a pretty good research and development team.

But there is 1 issue with Monero, a big one: SCALING


Why the hell does Monero align itself with the retarded small blocker camp? The more I research it, the more obvious it is to me that the small blockers in Bitcoin, Bitcoin Core, have just done horrible damage to Bitcoin's scalability and adoption (literally over 80% of the world earns less daily income than your BTC tx fee). In fact I think some Core developers have worked in Monero, so there is some tight alliance there.

I have heard some rumors about adding Segwit or something similar to Monero, when if you do any research on it, it clearly shows how inferior it is the soft fork segwit, it creates this colored coin environment controlled by the miners. We do bash Dash for it's masternode setup, but for some reason Segwit controlled by the miners is not a big deal.

Look I am no technical expert but every evidence points towards big blocks being the good scaling solution.

Can somebody, an expert, explain to me clearly and honestly why Monero does not go with the big block strategy?

As JW pointed out Monero has Dynamic Scaling so we have no clue what your talking about when you say aligning ourselves with a small block "Side". Monero Devs may work with core Devs but thats because out of most alts Monero Devs are the ones that Core Devs take serious.

Monero takes no position on BTC it is it's own coin.

Just another day in you data is not safe land, here's one for all you guys who want to use android wallets and run your Linux boxes over WPA2.

As a proof-of-concept we executed a key reinstallation attack against an Android smartphone. In this demonstration, the attacker is able to decrypt all data that the victim transmits. For an attacker this is easy to accomplish, because our key reinstallation attack is exceptionally devastating against Linux and Android 6.0 or higher. This is because Android and Linux can be tricked into (re)installing an all-zero encryption key (see below for more info). When attacking other devices, it is harder to decrypt all packets, although a large number of packets can nevertheless be decrypted. In any case, the following demonstration highlights the type of information that an attacker can obtain when performing key reinstallation attacks against protected Wi-Fi networks:

https://www.krackattacks.com/

Nice to read, thanks  

List of Firmware & Driver Updates for KRACK WPA2 Vulnerability

https://www.bleepingcomputer.com/news/security/list-of-firmware-and-driver-updates-for-krack-wpa2-vulnerability/

[raygchannel]

Anyone compiles it successfully on Mac OS?

[Anon136]

Why the hell does Monero align itself with the retarded small blocker camp? The more I research it, the more obvious it is to me that the small blockers in Bitcoin, Bitcoin Core, have just done horrible damage to Bitcoin's scalability and adoption (literally over 80% of the world earns less daily income than your BTC tx fee).

I know this isn't really the right place for it but I just really want to respond to this. I'm a small blocker myself. Let me explain why.

Increasing the block size IS NOT A SOLUTION to the scaling problem. We would run into unacceptable centralization pressures before we even began to approach blocks large enough to facilitate any acceptable level for a global currency. What it is is the illusion of a solution. What is so dangerous about the illusion of a solution is that it marginalizes the urgency of this problem. 1MB blocks is a very useful fire underneath everyone's asses. Once real solutions are developed than I'm all for safe increases in block size that parallel increases in network and data storage improvements if they work hand in hand with said real solutions. Until then I don't think it behooves us to remove that fire. Not if our main concern is the long term prospects of the crypto currency movement.

This position may very well be wrong. I am certainly wrong sometimes. But i'm confident that it is not immediately obvious that it is "retarded" and I think anyone who would claim that it is has not really been open minded to the arguments of their opposition.