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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4238163 times)
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December 29, 2017, 12:22:49 AM
 #37481

50% exactly. not bad.

~50% botnets and ~50% legit miners would have probably been my guess if you had asked me to take a wild guess. I don't think it really bespeaks rogue ASICS. Which is the only real concern I think.
It's very bad things, especially for legit miners
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December 29, 2017, 12:28:50 AM
 #37482

XMR best for Anonymous coin but what is differences with XVG, DeepOnion and seems

Don't know anything about XVG but from what I understand DeepOnion just adds onion routing to the wallet software. The same thing could be done with a tor wrapper to any crypto-currency. The blockchain is visable to all. So even if you are hiding your network activity you can still be compromised through blockchain analysis. Monero doesn't provide network level security at this time. It is in development. But there are instructions for running monero over tor which makes it equivalent to DeepOnion in that respect. But monero has the added, and very critical, advantage of having an opaque blockchain. It is more or less impossible to determine anything from the monero blockchain except that no one has double spent. Which is the only thing you really want your blockchain to do anyway. Unless its something like eithereum with smart contracts or something.
Exactly, and that feature was implemented in other currencies years ago, I can not understand why xvg is pumping

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December 29, 2017, 03:26:51 PM
 #37483

Sarang Noether Provides Decemeber Update On Monero

https://www.cryptocurrencyfreak.com/2017/12/29/sarang-noether-provides-decemeber-update-monero/


The latest update from Sarang Noether is out and its full of interesting information on Bulletproofs, Multisig and discusses whether or not zk-SNARKs would benefit Monero. Read the entire post below or at the Monero forums.

Hello there! Sarang Noether here with my monthly report for December. I’m pleased to report good progress on several important projects, and want to start by thanking the Monero community for your support.

The primary task this month has been a continuation of Bulletproofs. As you’ve probably read elsewhere (like this blog post), range proofs are an important component of Monero’s confidential transactions that allow us to keep amounts secret. Bulletproofs are a replacement for our existing range proofs that used Borromean ring signatures and took up a substantial amount of space on the blockchain. I used the recent Bulletproof white paper to work up Java code, perform testing on correctness and efficiency, and work with moneromooo to get the test code ported for eventual inclusion into the Monero codebase. Single-output Bulletproofs are currently undergoing testing on testnet and will be included in a future release when ready. Multi-output Bulletproofs, which offer even more space savings that scale to larger transactions, are being tested separately since they necessitate a change to the way we handle fee scaling in order to avoid denial-of-service attacks from transaction packing. Releasing Bulletproofs in stages will provide an immediate reduction in transaction size and continue to offer further benefits once the rollout is complete.........




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December 29, 2017, 05:39:35 PM
 #37484

Interesting project Smiley

The CryptoHawk ICO is currently LIVE.
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December 29, 2017, 07:00:47 PM
 #37485

Sarang Noether Provides Decemeber Update On Monero

https://www.cryptocurrencyfreak.com/2017/12/29/sarang-noether-provides-decemeber-update-monero/


The latest update from Sarang Noether is out and its full of interesting information on Bulletproofs, Multisig and discusses whether or not zk-SNARKs would benefit Monero. Read the entire post below or at the Monero forums.

Hello there! Sarang Noether here with my monthly report for December. I’m pleased to report good progress on several important projects, and want to start by thanking the Monero community for your support.

The primary task this month has been a continuation of Bulletproofs. As you’ve probably read elsewhere (like this blog post), range proofs are an important component of Monero’s confidential transactions that allow us to keep amounts secret. Bulletproofs are a replacement for our existing range proofs that used Borromean ring signatures and took up a substantial amount of space on the blockchain. I used the recent Bulletproof white paper to work up Java code, perform testing on correctness and efficiency, and work with moneromooo to get the test code ported for eventual inclusion into the Monero codebase. Single-output Bulletproofs are currently undergoing testing on testnet and will be included in a future release when ready. Multi-output Bulletproofs, which offer even more space savings that scale to larger transactions, are being tested separately since they necessitate a change to the way we handle fee scaling in order to avoid denial-of-service attacks from transaction packing. Releasing Bulletproofs in stages will provide an immediate reduction in transaction size and continue to offer further benefits once the rollout is complete.........






Thanks a Ton, Reading now but got to this and it makes me quite concerned.

Quote
SPECTRE’s underlying model falls into the category of partial synchronous networks: its
security  depends  on  the  existence  of  some  bound  on  the  delivery  time  of  messages  between honest participants

I don't like anything that is not trustless nor do I trust encapsulated Israeli security researchers.

Sarang seems to talk pretty fast and loose about changing underlying protocols with off the comments like this.

Quote
Because it uses a more complex consensus algorithm than the Nakamoto longest-chain consensus method, there is a lot of testing and analysis that needs to be done. The benefits, however, are intriguing: an implementation could increase the block rate substantially without compromising the security of the network.

I See compromising security written all over that quote I placed above. I'm starting to think this project needs a chief Security Officer. These are the exact actions that a three letter agency would be doing to place compromised positions in the codebase.

I would also like to know why we should care about ZK-Snarks when ZK-Starks which from what I understand is already Trustless is available.

Quote
Finally, a new paper was released on efficient zk-SNARKs without trusted setup. Earlier work on zk-SNARKs required trusted parties, and some coins already use this.

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[]
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December 29, 2017, 07:33:52 PM
 #37486

How likely do you think coinbase will add monero next yr?
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December 29, 2017, 07:45:29 PM
 #37487

One of the best projects in the crypto space  Smiley

The CryptoHawk ICO is currently LIVE.
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December 29, 2017, 09:06:34 PM
 #37488

Sarang Noether Provides Decemeber Update On Monero

https://www.cryptocurrencyfreak.com/2017/12/29/sarang-noether-provides-decemeber-update-monero/


The latest update from Sarang Noether is out and its full of interesting information on Bulletproofs, Multisig and discusses whether or not zk-SNARKs would benefit Monero. Read the entire post below or at the Monero forums.

Hello there! Sarang Noether here with my monthly report for December. I’m pleased to report good progress on several important projects, and want to start by thanking the Monero community for your support.

The primary task this month has been a continuation of Bulletproofs. As you’ve probably read elsewhere (like this blog post), range proofs are an important component of Monero’s confidential transactions that allow us to keep amounts secret. Bulletproofs are a replacement for our existing range proofs that used Borromean ring signatures and took up a substantial amount of space on the blockchain. I used the recent Bulletproof white paper to work up Java code, perform testing on correctness and efficiency, and work with moneromooo to get the test code ported for eventual inclusion into the Monero codebase. Single-output Bulletproofs are currently undergoing testing on testnet and will be included in a future release when ready. Multi-output Bulletproofs, which offer even more space savings that scale to larger transactions, are being tested separately since they necessitate a change to the way we handle fee scaling in order to avoid denial-of-service attacks from transaction packing. Releasing Bulletproofs in stages will provide an immediate reduction in transaction size and continue to offer further benefits once the rollout is complete.........






Thanks a Ton, Reading now but got to this and it makes me quite concerned.

Quote
SPECTRE’s underlying model falls into the category of partial synchronous networks: its
security  depends  on  the  existence  of  some  bound  on  the  delivery  time  of  messages  between honest participants

I don't like anything that is not trustless nor do I trust encapsulated Israeli security researchers.

Sarang seems to talk pretty fast and loose about changing underlying protocols with off the comments like this.

Quote
Because it uses a more complex consensus algorithm than the Nakamoto longest-chain consensus method, there is a lot of testing and analysis that needs to be done. The benefits, however, are intriguing: an implementation could increase the block rate substantially without compromising the security of the network.

I See compromising security written all over that quote I placed above. I'm starting to think this project needs a chief Security Officer. These are the exact actions that a three letter agency would be doing to place compromised positions in the codebase.

I would also like to know why we should care about ZK-Snarks when ZK-Starks which from what I understand is already Trustless is available.

Quote
Finally, a new paper was released on efficient zk-SNARKs without trusted setup. Earlier work on zk-SNARKs required trusted parties, and some coins already use this.
Do we have an established procedure for how stuff like this gets into the codebase?  Or more to the point, doesn't.
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December 30, 2017, 03:10:50 AM
 #37489

Sarang Noether Provides Decemeber Update On Monero

https://www.cryptocurrencyfreak.com/2017/12/29/sarang-noether-provides-decemeber-update-monero/


The latest update from Sarang Noether is out and its full of interesting information on Bulletproofs, Multisig and discusses whether or not zk-SNARKs would benefit Monero. Read the entire post below or at the Monero forums.

Hello there! Sarang Noether here with my monthly report for December. I’m pleased to report good progress on several important projects, and want to start by thanking the Monero community for your support.

The primary task this month has been a continuation of Bulletproofs. As you’ve probably read elsewhere (like this blog post), range proofs are an important component of Monero’s confidential transactions that allow us to keep amounts secret. Bulletproofs are a replacement for our existing range proofs that used Borromean ring signatures and took up a substantial amount of space on the blockchain. I used the recent Bulletproof white paper to work up Java code, perform testing on correctness and efficiency, and work with moneromooo to get the test code ported for eventual inclusion into the Monero codebase. Single-output Bulletproofs are currently undergoing testing on testnet and will be included in a future release when ready. Multi-output Bulletproofs, which offer even more space savings that scale to larger transactions, are being tested separately since they necessitate a change to the way we handle fee scaling in order to avoid denial-of-service attacks from transaction packing. Releasing Bulletproofs in stages will provide an immediate reduction in transaction size and continue to offer further benefits once the rollout is complete.........






Thanks a Ton, Reading now but got to this and it makes me quite concerned.

Quote
SPECTRE’s underlying model falls into the category of partial synchronous networks: its
security  depends  on  the  existence  of  some  bound  on  the  delivery  time  of  messages  between honest participants

I don't like anything that is not trustless nor do I trust encapsulated Israeli security researchers.

Sarang seems to talk pretty fast and loose about changing underlying protocols with off the comments like this.

Quote
Because it uses a more complex consensus algorithm than the Nakamoto longest-chain consensus method, there is a lot of testing and analysis that needs to be done. The benefits, however, are intriguing: an implementation could increase the block rate substantially without compromising the security of the network.

I See compromising security written all over that quote I placed above. I'm starting to think this project needs a chief Security Officer. These are the exact actions that a three letter agency would be doing to place compromised positions in the codebase.

I would also like to know why we should care about ZK-Snarks when ZK-Starks which from what I understand is already Trustless is available.

Quote
Finally, a new paper was released on efficient zk-SNARKs without trusted setup. Earlier work on zk-SNARKs required trusted parties, and some coins already use this.
Do we have an established procedure for how stuff like this gets into the codebase?  Or more to the point, doesn't.

From what I've seen Devs seem to bring up things and if there is no decent then they get recommended, I tried to find out about how things are vetted and never got a clear answer.

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[]
LibertValance
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December 30, 2017, 09:56:31 AM
 #37490

Hey there,

i want to get heavy into XMR in 2018.
Maybe you can help me a bit with the timing?
Are there any remarkable dates/events in the early year, which could influence the price?

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tt365
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December 30, 2017, 10:10:56 AM
 #37491

Monero creates a unique address for each transaction and generates a private viewkey (read key). Only the recipient and the person who receives the key can see the complete transaction information.
tt365
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December 30, 2017, 10:16:49 AM
 #37492

Monero creates a unique address for each transaction and generates a private viewkey (read key). Only the recipient and the person who receives the key can see the complete transaction information.
In theory, the government can not spy on any information. Monero also automatically pulls a deal with other mix coins of the same size, adding a layer of protection that keeps people from following the blockchain
gauchbit
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December 30, 2017, 01:11:05 PM
 #37493

Monero All Day Long !
I wasnt a fun at the begining, thought it just another coin but the support it gain from community is awesome.
Will buy some just in case. Smiley
nioc
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December 30, 2017, 02:51:55 PM
 #37494


Yep.  bullet proofs on the testnet already Smiley   Sounds to me as though both are progressing well thus far.   To the best of my knowledge (admittedly not the best) both are likely to be in the next protocol upgrade, barring catastrophic testing issues. 
It feels like a few weeks ago that I first heard about Bullet Proofs.  Now they are likely weeks from release.  The Monero Team is Fast.  Spaceship Fast.  Never thought I'd say that  Cheesy

Slow down there buddy.  The release for the March HF code is scheduled for mid Jan. so that does not give much time for testing BulletProofs.  At the dev meeting 2 weeks ago there was no consensus as to when BPs would be released.  I imagine they are keeping an open mind but my guess is it will probably not make it.  I must say that more people are involved in development these days so things do move faster but nothing will be released unless it is thoroughly tested and reviewed.  Like everyone I hope it makes it.  It is a rather easy replacement to our current range proofs but it is new tech.  It would be the first implementation where money is involved so..............

Multisig has been tested and is ready for the March HF.  Being a wallet change it actually doesn't need a HF.  It is already on master and will be there and ready to use in the Jan release.  If BPs are ready for the Jan code they will not be used until March as they do need a HF.

If you don't know where you're going any road will get you there
Millionero
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December 30, 2017, 03:15:27 PM
 #37495

Monero All Day Long !

HODL!  MADL!
TheMuppet
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December 30, 2017, 05:20:32 PM
 #37496

I really think Monero has one of the best shots to become the top crypto currency in the next year or two.

After that?  I think DeepOnion can take over.

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dewdeded
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December 30, 2017, 06:44:20 PM
 #37497

I really think Monero has one of the best shots to become the top crypto currency in the next year or two.

After that?  I think DeepOnion can take over.
I THINK DEEPONION WILL BE THE TOP CRYPTO CURRENCY FOR THE NEXT 10.000 YEARS!!!!!11
Karodozo
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December 30, 2017, 06:51:28 PM
 #37498

I really think Monero has one of the best shots to become the top crypto currency in the next year or two.

After that?  I think DeepOnion can take over.
I THINK DEEPONION WILL BE THE TOP CRYPTO CURRENCY FOR THE NEXT 10.000 YEARS!!!!!11
DeepOnion appears to be a good coin, but it will hardly take the place of Monero as coin anonima, inclusive, countless coins had pump, I'm anxiously waiting for this to happen with XMR! Monero below $500 is nonsense that needs to be repaired urgently. Grin


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Hash



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ard










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December 30, 2017, 11:44:00 PM
 #37499

I really think Monero has one of the best shots to become the top crypto currency in the next year or two.

After that?  I think DeepOnion can take over.

You Sir are properly named. FTFY Smiley

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December 31, 2017, 04:57:44 AM
 #37500


Yep.  bullet proofs on the testnet already Smiley   Sounds to me as though both are progressing well thus far.   To the best of my knowledge (admittedly not the best) both are likely to be in the next protocol upgrade, barring catastrophic testing issues.  
It feels like a few weeks ago that I first heard about Bullet Proofs.  Now they are likely weeks from release.  The Monero Team is Fast.  Spaceship Fast.  Never thought I'd say that  Cheesy

Slow down there buddy.  The release for the March HF code is scheduled for mid Jan. so that does not give much time for testing BulletProofs.  At the dev meeting 2 weeks ago there was no consensus as to when BPs would be released.  I imagine they are keeping an open mind but my guess is it will probably not make it.  I must say that more people are involved in development these days so things do move faster but nothing will be released unless it is thoroughly tested and reviewed.  Like everyone I hope it makes it.  It is a rather easy replacement to our current range proofs but it is new tech.  It would be the first implementation where money is involved so..............

Multisig has been tested and is ready for the March HF.  Being a wallet change it actually doesn't need a HF.  It is already on master and will be there and ready to use in the Jan release.  If BPs are ready for the Jan code they will not be used until March as they do need a HF.

Sigh.  Enthusiasm Crushed.

Reduced to level:  Uber Bullish.  

Maybe I'm wrong to be so influenced by some troll on twitter, but but but...

single-output Bulletproofs code is merged and will be live as part of the March hard fork.

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