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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4625836 times)
Globb0
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Aint nobody got time for that


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December 15, 2017, 02:43:06 PM
 #36901

Bulletproofs sound awesome.

I'm glad we aren't having to wait a year before we can get something implemented.

The transaction reduction will be a good selling point.


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xs.over
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December 15, 2017, 03:55:13 PM
 #36902

Fckng shit. Diff is skyrocketing again. Fckng 50M. From where are comes these hashing power  Huh
Millionero
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December 15, 2017, 04:17:54 PM
 #36903

snip
If you're going to copy-paste a news story, at least provide a link.
And make clear what you're quoting.  Common practice is to format the quoted matter in italic text.
Aby Normal
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December 15, 2017, 04:22:02 PM
 #36904

Check out this fresh video from Andreas Antonopoulos, looks like Monero is going to do really well in 2018 Smiley

https://youtu.be/cO2UOhGEC_A?t=1070
digitalbarter
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December 15, 2017, 04:59:40 PM
 #36905

Monero IS A FAIL currency
which focuses on anonymity which a common person doesn't actually needs such anonymity there is nothing special all the coins offers anonymity this is just a nothing but a scam which monero users are making a hype towards it... This coin is just meant for criminals who wishes this sort of anonymity what you gonna do with such anonymity wack your butt in hell?
garytheasshole
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Chosŏn Minjujuŭi Inmin Konghwaguk


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December 15, 2017, 05:16:53 PM
 #36906

Monero IS A FAIL currency
which focuses on anonymity which a common person doesn't actually needs such anonymity there is nothing special all the coins offers anonymity this is just a nothing but a scam which monero users are making a hype towards it... This coin is just meant for criminals who wishes this sort of anonymity what you gonna do with such anonymity wack your butt in hell?

Real constructive criticism right here you guys, dump your moneros buy something transparent, transparency is the future!
What should I buy instead digitalbarter? What fine technology are you shilling today?

Isaaq.Almaguer
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December 15, 2017, 05:22:44 PM
 #36907

Monero IS A FAIL currency
which focuses on anonymity which a common person doesn't actually needs such anonymity there is nothing special all the coins offers anonymity this is just a nothing but a scam which monero users are making a hype towards it... This coin is just meant for criminals who wishes this sort of anonymity what you gonna do with such anonymity wack your butt in hell?

lol, do you know what the word scam means?
wizzard0
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December 15, 2017, 05:46:49 PM
 #36908

not sure this is the best place to ask, but... how long does monero full node currently take to sync? (given a SSD)
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December 15, 2017, 05:58:32 PM
 #36909

not sure this is the best place to ask, but... how long does monero full node currently take to sync? (given a SSD)
About a day, maybe less if you have a beefy CPU and decent bandwidth

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December 15, 2017, 06:01:57 PM
 #36910

I'm interested in Monero and love the concept but someone I respect objects to it for the following reasons:

- it uses eliptic curve cryptography, which is known to be a method of choice when the NSA wants you to use something they can break and others can't

- ECC can trivially be broken by a quantum computer

- It uses many constants in the crypto that aren't "nothing up my sleeve numbers”. This is one of the main ways to make crypto breakable by only the organization who chose the constants.

- the constants were created by an author that only goes by a pseudonym

- NSA has recently started trying to move federal systems away from ECC, ie they are likely aware of a weakness in it that may soon be exploitable by others

Can anyone please address these concerns? Thanks in advance.
garytheasshole
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December 15, 2017, 06:15:11 PM
 #36911

I'm interested in Monero and love the concept but someone I respect objects to it for the following reasons:

- it uses eliptic curve cryptography, which is known to be a method of choice when the NSA wants you to use something they can break and others can't

- ECC can trivially be broken by a quantum computer

- It uses many constants in the crypto that aren't "nothing up my sleeve numbers”. This is one of the main ways to make crypto breakable by only the organization who chose the constants.

- the constants were created by an author that only goes by a pseudonym

- NSA has recently started trying to move federal systems away from ECC, ie they are likely aware of a weakness in it that may soon be exploitable by others

Can anyone please address these concerns? Thanks in advance.

I'm no expert but as far as I know elliptic curve cryptography is used in pretty much most pub/priv key implementations for far more important stuff than Monero. If it's broken we'd be in a whole lot of trouble and Monero would be least of our concern.
If you can figure out an attack vector you're free to collect a hefty bounty. To my knowledge quantum computers do not exist and the fundamentals of quantum computing are still unknown.

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December 15, 2017, 06:31:55 PM
 #36912

Why does Dash have a higher market cap than Monero? It seems like an inferior solution that's much less elegant. Masternodes seem vulnerable and you have to take action to send Dash anonymously. Also, isn't Monero more widely used in commerce?
garytheasshole
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December 15, 2017, 06:36:05 PM
 #36913

Why does Dash have a higher market cap than Monero? It seems like an inferior solution that's much less elegant. Masternodes seem vulnerable and you have to take action to send Dash anonymously. Also, isn't Monero more widely used in commerce?
You pretty much answered your own question, masternodes freeze large portion of the coins which increases scarcity.

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December 15, 2017, 06:37:48 PM
 #36914

Just bought some monero,i hope im not too late to make some money.
Millionero
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December 15, 2017, 09:28:28 PM
 #36915

Just bought some monero,i hope im not too late to make some money.
What's your horizon?
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December 15, 2017, 09:46:18 PM
 #36916


You sir are a dedicated individual.  Yes, one of many, I know, but visible everywhere.  Your tireless efforts on many fronts over the years are greatly appreciated.  Cheers!
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December 15, 2017, 09:48:19 PM
 #36917

I just started mining monero few days back...lets see how much profit I will be in  Grin
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December 15, 2017, 09:52:28 PM
 #36918

I just started mining monero few days back...lets see how much profit I will be in  Grin
Hi BreadandButter, which hardware are you using?
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December 15, 2017, 11:59:14 PM
 #36919

I'd like to dip/anonymize my BTC holdings into Monero and then right back again to fresh BTC addresses into long-term cold storage no one can track from previous BTC addresses on the blockchain. I don't have a lot of experience with Monero and am wondering the best practices in doing this.
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December 16, 2017, 12:08:24 AM
 #36920

I'd like to dip/anonymize my BTC holdings into Monero and then right back again to fresh BTC addresses into long-term cold storage no one can track from previous BTC addresses on the blockchain. I don't have a lot of experience with Monero and am wondering the best practices in doing this.

Seems like washing your car in a dust storm, but you could do something like this:
  Deposit BTC to a high enough volume exchange that supports Monero.  Transfer Monero to alternate exchange (or just trade back on first exchange, if you are not sufficiently paranoid), withdraw BTC to chosen wallets.  Repeat each time you do a BTC transaction.  Or just use Monero.  You will eventually, so just get ahead of the curve. 
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