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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4251319 times)
dzkrb1966
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December 14, 2017, 02:18:21 PM
 #37321

I wanted to buy this coin, while it fell in price, but there is no certainty that this coin will be in demand in the future. But, one can not ignore the successful growth of litecoin. What is the next coin?

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garytheasshole
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December 14, 2017, 06:01:44 PM
 #37322

I wanted to buy this coin, while it fell in price, but there is no certainty that this coin will be in demand in the future. But, one can not ignore the successful growth of litecoin. What is the next coin?
Not sure what kind of drugs you have been smoking (I want some of that), but if you think that fungible coins won't be in demand in the future I'm afraid you're suffering from supreme stupid. Comparing litecoin to Monero is like comparing winnie the pooh with hardcore pornography.

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December 15, 2017, 03:10:59 AM
 #37323

Comparing litecoin to Monero is like comparing winnie the pooh with hardcore pornography.
Don't tell me you never fapped to Winnie.
alko89
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December 15, 2017, 10:07:21 AM
 #37324

I bought myself 2 moneros Cheesy Love the project.

I'm just posting here, to get new replies to my post, so I'll be able to track the discusion.

Good luck with the project and rock on!

❍ E M M A R E S (http://emmares.io/)  ❍
Email as you know it, will never be the same.
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December 15, 2017, 10:09:26 AM
 #37325

At least one Starbucks location was discovered to be using the computing power of customer’s machines connected to its Wi-Fi network to mine for the cryptocurrency Monero without their knowledge.

The hidden miner was found in a Starbucks coffee shop located in Buenos Aires, Argentina. The wireless network provided by the company was injecting the mining code onto customer computers in order to generate digital currency.

Noah Dinkin, the CEO of email marketing firm Stensul, first brought the mining behavior to public attention on Twitter on Dec. 2 after visiting the Starbucks shop and examining the source code produced while connected to the Wi-Fi network.

Dinkin tweeted at Starbucks after identifying the mining code. “Did you know that your in-store wifi provider in Buenos Aires forces a 10 second delay when you first connect to the wifi so it can mine bitcoin using a customer's laptop?” Dinkin wrote. “Feels a little off-brand.”



While Dinkin said the injected code, placed by the company providing the Starbucks location with its public internet connection, was mining for Bitcoin. However the code was provided by CoinHive, a cryptocurrency miner that only mines for Monero.

Regardless of what the code was mining for, it was doing so without the permission of the customer. When a person would connect to the Starbucks network, the code would be injected into the user’s browser and would siphon resources from the computer’s processor to mine for the digital tokens.

Starbucks acknowledged Dinkin’s tweet on Dec.11 and confirmed the incident had indeed happened. According to the company, the issue has been addressed and the Wi-Fi network in Buenos Aires will no longer hijack customer computers to generate the virtual currency.

“As soon as we were alerted of the situation in this specific store last week, we took swift action to ensure our internet provider resolved the issue and made the changes needed in order to ensure our customers could use Wi-Fi in our store safely,” the official Starbucks account  wrote in response to the incident.



The issue is not believed to be widespread across Starbucks locations and appears to be an isolated incident. The miner also does not appear to have been injected by the order of Starbucks itself.

While the incident with Starbucks may be a one-off for the time being, hidden cryptocurrency miners are becoming more and more common. A number of sites and services have been discovered to have mining code embedded that makes use of visitor resources without informing them.

The process is known as cryptojacking and while it is relatively harmless for the victims—at its worst, it makes the user’s machine run slower as it eats at resources—it is still a dishonest practice that takes advantage of users who have no knowledge of how their machine is being used.

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December 15, 2017, 11:51:34 AM
 #37326

Monero Planning To Release BulletProofs In March 2018

https://blockchaind.net/monero-planning-release-bulletproofs-march-2018/


What are BulletProofs?
Adam back first proposed confidential transactions in 2013 as a way of bringing private transactions to the bitcoin network but the transactions were consuming 16 times the space of the normal transactions. Due to the bulky size of the transactions, the proposal was dismissed.

A new paper was proposed recently by Benedikt Bunz, Jonathan Bootle and Andrew Poelstra which reduced the size of the transactions to 3 times instead of 16 times which makes the proposal much more attractive now. Still bitcoin has a lot of scaling issues that needs to addressed first and it is still far away from being implemented on bitcoin.

This is where Monero is taking advantage of this opportunity and has already implemented bulletproofs on its testnet.

Benefits of BulletProofs for Monero
Monero currently uses rangeproofs to ensure that all commitments made in the transactions is within a specific range without revealing the particular amount involved. But rangeproofs scale linearly in size and make the bulk of the transactions. Also if there are multiple outputs in the transaction, they need separate range proofs which increases the size further more.Using bulletproofs, the size of the transactions only increases logarithmically with increase in the size of the range and the number of outputs.

Currently if someone sends a transactions with single input and two outputs, the size of the transactions is around 13.2kb. Using bulletproofs, this size is reduced to just 2.5kb which is around 80% improvement. The size improvement is further more in multiple output transactions. Also, the testing found out that validating bulletproof transactions is much more speedier than rangeproof transactions.

BulletProof Release Timeline
According the Fluffypony’s recent talk with Jimmy song, the code for bulletproofs has already been merged into the master branch and anyone can compile and run it on testnet. They are planning on releasing the testnet in a week and if everything goes right, we will have bulletproofs in the upcoming monero hard fork in march next year.

Conclusion
Bulletproofs is an amazing development for both monero and bitcoin community and it will help both the chains in the long run. Let us know how you feel about this amazing upgrade for the monero community.




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Globb0
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December 15, 2017, 02:43:06 PM
 #37327

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.


Higher for the hardcore
xs.over
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December 15, 2017, 03:55:13 PM
 #37328

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
 #37329

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.
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December 15, 2017, 04:22:02 PM
 #37330

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
 #37331

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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December 15, 2017, 05:16:53 PM
 #37332

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
 #37333

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?
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December 15, 2017, 05:46:49 PM
 #37334

not sure this is the best place to ask, but... how long does monero full node currently take to sync? (given a SSD)
garytheasshole
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December 15, 2017, 05:58:32 PM
 #37335

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
 #37336

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
 #37337

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.

ignitiondefect
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December 15, 2017, 06:31:55 PM
 #37338

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
 #37339

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
 #37340

Just bought some monero,i hope im not too late to make some money.
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