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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548520 times)
Globb0
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November 17, 2017, 10:38:59 PM
 #36621

fonero.org
Phonero = Phony Monero
We have it all!  Premine, masternodes, the works!


Smiley


hat an idiot W
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Hueristic
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November 18, 2017, 12:21:57 AM
 #36622

fonero.org
Phonero = Phony Monero
We have it all!  Premine, masternodes, the works!


Smiley



Dammit, now I'm hungry. Tongue

bitebits
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November 18, 2017, 01:29:39 AM
 #36623

Smiley



Should Have Used Margin, especially when bubbles melt.

- 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!
notbatman
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November 18, 2017, 11:39:07 AM
 #36624

fonero.org
Phonero = Phony Monero
We have it all!  Premine, masternodes, the works!

ETN doesn't have MNs.  Cheesy
garytheasshole
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November 18, 2017, 11:51:59 AM
 #36625

fonero.org
Phonero = Phony Monero
We have it all!  Premine, masternodes, the works!

ETN doesn't have MNs.  Cheesy
Instead they have a single masternode that can revert transactions every time someone steals some ETH or they fuck up beyond repair.

notbatman
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November 18, 2017, 11:56:21 AM
 #36626

^^^ Electroneum (ETN) the mobile crypto... it's an XMR clone.
smooth
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November 18, 2017, 11:56:26 AM
 #36627

@Smooth, can you explain how effective this would be on BTC?

1. The report itself is quite misleading. Confidential Transactions was initially invented by gmaxwell for Bitcoin, not by or for Monero. Its concepts were incorporated along with ring signatures by shen to create RingCT, which we then deployed (in January 2017). So it is quite inaccurate to say that those considering adopting CT in Bitcoin are going to be adopting something from Monero. It is accurate to say the Monero is the first coin to actually deploy a CT-based system on a significant scale.

2. Bitcoin (and Litecoin) are only proposing to use CT, not RingCT, which means it will only hide amounts. Go look at a Bitcoin chain explorer and cover up the amounts. Everything else about the transaction (sender, recipient) will still visible as-is. Obviously that is a lot less privacy than Monero, but still an improvement over what Bitcoin does now.

3. As far as tx size, that is a significant obstacle for BTC since even with this new, more-efficient CT it would still increase typical tx size (and all that comes with that such as fees) by a significant factor, maybe 2-3x. I suspect there will be significant difficulty gaining consensus to do this, or if it is done it won't be used much and will therefore suffer also from chain analysis and fungibility issues (as do all optional privacy systems). In the short term LTC has less of an issue there since it is much less used and has no shortage of chain space and much lower fees. But longer term LTC would run into the same problems.
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November 18, 2017, 11:57:11 AM
 #36628

^^^ Electroneum (ETN) the mobile crypto... it's an XMR clone.
Sorry, my bad, I misread ETN for ETH, it's hard to keep track.

bitebits
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November 18, 2017, 12:19:19 PM
 #36629

@Smooth, can you explain how effective this [Confidential Transactions] would be on BTC?

1. The report itself is quite misleading. Confidential Transactions was initially invented by gmaxwell for Bitcoin, not by or for Monero. Its concepts were incorporated along with ring signatures by shen to create RingCT, which we then deployed (in January 2017). So it is quite inaccurate to say that those considering adopting CT in Bitcoin are going to be adopting something from Monero. It is accurate to say the Monero is the first coin to actually deploy a CT-based system on a significant scale.

2. Bitcoin (and Litecoin) are only proposing to use CT, not RingCT, which means it will only hide amounts. Go look at a Bitcoin chain explorer and cover up the amounts. Everything else about the transaction (sender, recipient) will still visible as-is. Obviously that is a lot less privacy than Monero, but still an improvement over what Bitcoin does now.

3. As far as tx size, that is a significant obstacle for BTC since even with this new, more-efficient CT it would still increase typical tx size (and all that comes with that such as fees) by a significant factor, maybe 2-3x. I suspect there will be significant difficulty gaining consensus to do this, or if it is done it won't be used much and will therefore suffer also from chain analysis and fungibility issues (as do all optional privacy systems). In the short term LTC has less of an issue there since it is much less used and has no shortage of chain space and much lower fees. But longer term LTC would run into the same problems.

Thanks for writing this down, in layman's terms. I understand the implications better now.

- 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!
Hueristic
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November 19, 2017, 12:25:19 AM
 #36630

@Smooth, can you explain how effective this would be on BTC?

1. The report itself is quite misleading. Confidential Transactions was initially invented by gmaxwell for Bitcoin, not by or for Monero. Its concepts were incorporated along with ring signatures by shen to create RingCT, which we then deployed (in January 2017). So it is quite inaccurate to say that those considering adopting CT in Bitcoin are going to be adopting something from Monero. It is accurate to say the Monero is the first coin to actually deploy a CT-based system on a significant scale.

2. Bitcoin (and Litecoin) are only proposing to use CT, not RingCT, which means it will only hide amounts. Go look at a Bitcoin chain explorer and cover up the amounts. Everything else about the transaction (sender, recipient) will still visible as-is. Obviously that is a lot less privacy than Monero, but still an improvement over what Bitcoin does now.

3. As far as tx size, that is a significant obstacle for BTC since even with this new, more-efficient CT it would still increase typical tx size (and all that comes with that such as fees) by a significant factor, maybe 2-3x. I suspect there will be significant difficulty gaining consensus to do this, or if it is done it won't be used much and will therefore suffer also from chain analysis and fungibility issues (as do all optional privacy systems). In the short term LTC has less of an issue there since it is much less used and has no shortage of chain space and much lower fees. But longer term LTC would run into the same problems.

Thanks as usual for the clear and concise explanation. Smiley
I hate my memory these days, once you said it I remembered Gmaxwell had proposed it as that had been mentioned in this thread when it was first discussed.

Coindgr
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November 19, 2017, 10:28:20 AM
 #36631

I believe Monero is slowly growing in traction and getting ready for another big pump I hope very soon it will reach $200. Current price is still very low as compare with it's competitor market than it has more superior tech and potentially it has room of growth to get more better position in coming days.
Infact it is still the best privacy coin maybe the only real privacy coin  Wink


I never really understood why other coins (competitor) got a higher price, I believe XMR failed in the marketing somewhere.

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DeepOnion
.Anonymous and Untraceable.
ANN  Whitepaper  Facebook  Twitter  Telegram  Discord 





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Globb0
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November 19, 2017, 12:07:16 PM
 #36632

Was willy bot a marketing tool ?


hat an idiot W
Franticcrypto
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November 19, 2017, 12:17:51 PM
 #36633

Interesting coin, been a hodler for a while, but I can agree with the above comments that as far as marketing is concerned that improvements can be made Smiley
BldSwtTrs
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November 19, 2017, 03:08:24 PM
 #36634

How can we check the balance of our cold storage?

I try with this http://xmr.llcoins.net/checktx.html but I get this message:

Failed to get transaction data! Perhaps MoneroBlocks is down?
LoveKamil
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November 19, 2017, 05:54:09 PM
 #36635

Hi! when Monero will be added multi-signature?
garytheasshole
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November 19, 2017, 06:14:32 PM
 #36636

Hi! when Monero will be added multi-signature?
Soon™

bitebits
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November 19, 2017, 06:23:03 PM
 #36637

Hi! when Monero will be added multi-signature?
Soon™

Not just soon, it lost the DO NOT MERGE tag two weeks ago. These guys doing such great work, not just for the value of Monero but for the safety and financial sovereignty of its users. Absolutely amazing, looking forward using it on the mainnet.

https://github.com/monero-project/monero/pull/2134#issuecomment-333191925

and

https://themerkle.com/moneros-multisignature-implementation-officially-enters-testing-phase/
https://www.reddit.com/r/Monero/comments/7ajdaj/the_multisig_branch_just_lost_its_do_not_merge_tag/


- 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!
rebal15
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November 19, 2017, 10:46:09 PM
 #36638

Any help if it is possible to mine monero with "Alienware AW15R3-7376SLV-PUS 15.6" Gaming Laptop (7th Generation Intel Core i7, 16GB RAM, 128SSD + 1 TB HDD, Silver) VR Ready with NVIDIA GTX 1070" and the approximate Hashing Power with GPU mining.

I will use the laptop at work during 6h/1day so I am not paying electricity cost. is it possible to pay back the laptop during 3 to 6 months.

Thank you

Hueristic
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November 20, 2017, 12:02:02 AM
 #36639

Any help if it is possible to mine monero with "Alienware AW15R3-7376SLV-PUS 15.6" Gaming Laptop (7th Generation Intel Core i7, 16GB RAM, 128SSD + 1 TB HDD, Silver) VR Ready with NVIDIA GTX 1070" and the approximate Hashing Power with GPU mining.

I will use the laptop at work during 6h/1day so I am not paying electricity cost. is it possible to pay back the laptop during 3 to 6 months.

Thank you



ROI in 6 months, I highly doubt that.

garytheasshole
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November 20, 2017, 12:24:48 AM
 #36640

Any help if it is possible to mine monero with "Alienware AW15R3-7376SLV-PUS 15.6" Gaming Laptop (7th Generation Intel Core i7, 16GB RAM, 128SSD + 1 TB HDD, Silver) VR Ready with NVIDIA GTX 1070" and the approximate Hashing Power with GPU mining.

I will use the laptop at work during 6h/1day so I am not paying electricity cost. is it possible to pay back the laptop during 3 to 6 months.

Thank you



ROI in 6 months, I highly doubt that.
I highly doubt he'll ROI in 6 years.

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