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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4657602 times)
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February 13, 2018, 10:55:55 PM
 #37501

Bot nets secure the network, whether you agree or not.  Secure your systems if you don't like them?  I lock my doors because I don't want anyone walking in and taking my shit.  But but locks are expensive and need keys and stuff!  Life sucks, get a helmet.  If there's an easy way to steal with minimal chance of repercussions, someone will always do it.  They are not stealing the block reward, they are stealing the hashes from those who don't care enough to prevent it.  No worse than mining at school or work (or Russian nuclear plant Tongue ), or stealing the electricity for your mining farm or grow-op.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Neo.Prometheus
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February 13, 2018, 10:56:55 PM
 #37502

Great Progress Team! Keep it up!  Wink
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February 14, 2018, 06:50:37 PM
 #37503

Bot nets secure the network, whether you agree or not.  Secure your systems if you don't like them?  I lock my doors because I don't want anyone walking in and taking my shit.  But but locks are expensive and need keys and stuff!  Life sucks, get a helmet.  If there's an easy way to steal with minimal chance of repercussions, someone will always do it.  They are not stealing the block reward, they are stealing the hashes from those who don't care enough to prevent it.  No worse than mining at school or work (or Russian nuclear plant Tongue ), or stealing the electricity for your mining farm or grow-op.

botnets are the problem and not the botnet mining
we should be making an effort to increase awareness of the device vulnerabilities wherever possible
and not trying to change the algorithm to make it better for our own mining efforts

personally I would rather know that botnets are securing Monero instead of conducting a DDOS attack
(and yes I will grant you the premise that they might be doing both)

a higher hash rate is better for the network
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February 14, 2018, 10:29:57 PM
 #37504

suffering from?

In what way specifically are you suffering?

I also found it weird that, despite explanation, you continue to assert 70%+ regardless.

Quote
cybercriminals swipping over 70% (will likely continue going up higher) of the reward

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February 14, 2018, 11:43:19 PM
Last edit: February 15, 2018, 01:29:08 AM by Anon136
 #37505

So I've been thinking about this MoneroV fork problem. I saw the suggestion in a reddit thread about a tool that would allow monero users to specify ring signature inputs thus allowing us to sign with the same ring signature inputs that we used on the MoneroV blockchain.

I was wondering if anyone has given thought to a two pronged approach? We could additionally utilize a blacklist of ring sig inputs used on the forked chain. Some trusted team member could produce and update this blacklist. It could be a basic text file that we drag and drop into our monero directory. I know it would harm privacy to shrink the pool of available ring sig participants but we would only be blacklisting the ones used to produce the initial transaction on the MoneroV chain. So it would be a tiny tiny fraction of the ring signatures out there. Additionally new ring signature candidates are being produced constantly every 2 minutes every day.

It's a partial solution and an imperfect solution to a difficult problem but maybe worth considering.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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February 15, 2018, 12:51:06 AM
 #37506

So I've been thinking about this MoneroV fork problem. I saw the suggestion in a reddit thread about a tool that would allow monero users to specify ring signature inputs thus allowing us to sign with the same ring signature inputs that we used on the MoneroV blockchain.

I was wondering if anyone has given thought to a two pronged approach? We could additionally utilize a blacklist of ring sig inputs used on the forked chain. Some trusted team member could produce and update this blacklist. It could be a basic text file that we drag and drop into our monero directory. I know it would harm privacy to shrink the pool of available ring sig participants but we would only be blacklisting the ones used to produce the initial transaction on the MoneroV chain. So it would be a tiny tiny fraction of the ring signatures out there. Additionally new ring signature candidates are being produced constantly every 2 minutes every day.

It's a partial solution and an imperfect solution to a difficult problem but maybe worth considering.

Do you have a link to that thread? I don't know enough about this to have an opinion.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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February 15, 2018, 01:28:31 AM
 #37507

So I've been thinking about this MoneroV fork problem. I saw the suggestion in a reddit thread about a tool that would allow monero users to specify ring signature inputs thus allowing us to sign with the same ring signature inputs that we used on the MoneroV blockchain.

I was wondering if anyone has given thought to a two pronged approach? We could additionally utilize a blacklist of ring sig inputs used on the forked chain. Some trusted team member could produce and update this blacklist. It could be a basic text file that we drag and drop into our monero directory. I know it would harm privacy to shrink the pool of available ring sig participants but we would only be blacklisting the ones used to produce the initial transaction on the MoneroV chain. So it would be a tiny tiny fraction of the ring signatures out there. Additionally new ring signature candidates are being produced constantly every 2 minutes every day.

It's a partial solution and an imperfect solution to a difficult problem but maybe worth considering.

Do you have a link to that thread? I don't know enough about this to have an opinion.

Here you go. https://www.reddit.com/r/Monero/comments/7x297t/careful_with_monero_forks_with_airdrops/du537ij/ It's a pretty simple to understand issue.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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February 15, 2018, 02:05:18 AM
 #37508

So I've been thinking about this MoneroV fork problem. I saw the suggestion in a reddit thread about a tool that would allow monero users to specify ring signature inputs thus allowing us to sign with the same ring signature inputs that we used on the MoneroV blockchain.

I was wondering if anyone has given thought to a two pronged approach? We could additionally utilize a blacklist of ring sig inputs used on the forked chain. Some trusted team member could produce and update this blacklist. It could be a basic text file that we drag and drop into our monero directory. I know it would harm privacy to shrink the pool of available ring sig participants but we would only be blacklisting the ones used to produce the initial transaction on the MoneroV chain. So it would be a tiny tiny fraction of the ring signatures out there. Additionally new ring signature candidates are being produced constantly every 2 minutes every day.

It's a partial solution and an imperfect solution to a difficult problem but maybe worth considering.

Do you have a link to that thread? I don't know enough about this to have an opinion.

Here you go. https://www.reddit.com/r/Monero/comments/7x297t/careful_with_monero_forks_with_airdrops/du537ij/ It's a pretty simple to understand issue.

Thanks, reading it now. Smiley

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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February 15, 2018, 10:40:42 AM
 #37509

So I've been thinking about this MoneroV fork problem. I saw the suggestion in a reddit thread about a tool that would allow monero users to specify ring signature inputs thus allowing us to sign with the same ring signature inputs that we used on the MoneroV blockchain.

I was wondering if anyone has given thought to a two pronged approach? We could additionally utilize a blacklist of ring sig inputs used on the forked chain. Some trusted team member could produce and update this blacklist. It could be a basic text file that we drag and drop into our monero directory. I know it would harm privacy to shrink the pool of available ring sig participants but we would only be blacklisting the ones used to produce the initial transaction on the MoneroV chain. So it would be a tiny tiny fraction of the ring signatures out there. Additionally new ring signature candidates are being produced constantly every 2 minutes every day.

It's a partial solution and an imperfect solution to a difficult problem but maybe worth considering.

Do you have a link to that thread? I don't know enough about this to have an opinion.

Here you go. https://www.reddit.com/r/Monero/comments/7x297t/careful_with_monero_forks_with_airdrops/du537ij/ It's a pretty simple to understand issue.

Thanks, reading it now. Smiley

so if all of us move their coins at the right time (t block) and then donate their old seed to the ffs / funding to claim the MnnnV with purpose of dump. would this alleviate some of the threat? Just dunno how many would play as it will reveal their prefork holdings to the donated to entity plus greed of course....anyhow ... thinking to find an advantage in the issue

Monero - Wir sind die Leute vor denen uns unsere Eltern gewarnt haben!
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February 15, 2018, 05:54:52 PM
 #37510

txs fees are a joke! what are you doing it about it? how will ever small time miners be able to afford just the exit fee from their pools?

When the people of the world will get that covid was intentionally released to frame china, steal the election from trump, assure massive bail outs and foster the forced vaccination agendas...they will forget, like 911, wmds in irak, uss liberty or pedogate.
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February 15, 2018, 06:04:45 PM
Last edit: February 15, 2018, 07:40:28 PM by Anon136
 #37511

txs fees are a joke! what are you doing it about it? how will ever small time miners be able to afford just the exit fee from their pools?

I did a transaction last night and it was about 85 cents. That isn't THAT bad and bullet proofs are being worked on right now that will reduce fees by 80% or more.

When you make a transaction do it like this:
Code:
transfer unimportant [address] [amount] [transaction id]
It will then tell you how many blocks you can expect until your transaction is included. For me it's always 1. But make sure that what ever it tell you is acceptable for you.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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February 15, 2018, 07:06:06 PM
 #37512

txs fees are a joke! what are you doing it about it? how will ever small time miners be able to afford just the exit fee from their pools?

See:

https://getmonero.org/2017/12/11/A-note-on-fees.html

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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February 15, 2018, 08:36:39 PM
 #37513

This thread is insanely long. Is monero superior compared to dash and zcash?
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February 15, 2018, 08:48:13 PM
 #37514

Long time since I've posted here.  Have been busy running my mining rigs and other crypto projects.  Can someone give me a State of the Union run down on Monero and what has been going on and what is coming up for the year?

Links or replies will work for me.  Hope everyone is well here.  This has always been my go to place for Monero news and problem solving. 

Monerohash.com   U.S. Mining Pool
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February 15, 2018, 09:19:36 PM
Merited by notbatman (2), explorer (1), LennyCarl (1)
 #37515

This thread is insanely long. Is monero superior compared to dash and zcash?

Dash has cheaper transaction fees right now so if you just wanna pay someone who accepts dash and you dont care about privacy than perhaps there are some situations where dash would be superior. However if privacy is your concern than yes it isn't even a comparison.

Dash just has a coin join style mixing. It has been shown to be broken. I cant seem to find that research paper right now can someone in this thread help me out? Additionally "privacy" is optional on dash meaning if you use it it looks suspicious making the currency not necissarily fungible in all cases. Oh also its a premine scam. It was released as X-Coin. At its inception the devs of X-Coin said they wouldnt start mining till the next day but actually started in secret before everyone else and additionally it mined some huge percentage of the currency supply in that first night. It then re-branded to DarkCoin a couple of days later to try to escape this debacle. And re-branded AGAIN to dash to presumably further distance its self. I don't remember all the specific figures but that's enough info to go on if you want to research it.

ZCash requires a trusted set up. Meaning if everyone involved in the innitial setup was reliable and trustworthy than it is safe (*edit* it uses really cutting edge modern not very well tested cryptography so maybe not even then). But if one of them was a bad actor than all supposedly "private" transactions can be discovered by him or who ever he gave the private information to. Additionally producing a private transaction is EXTREMELY computationally intensive. As I understand it it takes some peoples computer up to an hour to crunch all the numbers. Also the transactions are huge and so clog up the blockchain and are expensive to get included. This means the feature is rarely used and so again like I said with dash, has negative implications for fungibility.

So now for monero. Being as unbiased as possible I will try to critique it as well. Monero was pretty fairly distributed but there was a time in the early days when a guy had personally developed mining software that was more optimized than what anyone else had. It wasn't like with dash where he mined a third of the damned currency supply in a day. I think he had like 50% efficiency advantage over everyone else for like a month. Someone correct me with the specifics if you remember. It was nothing catastrophic but hes probably pretty rich now. Also we are currently facing the first real threat to our privacy right now in the form of an issue with ring signature input reuse on an up coming fork chain called MoneroV. If someone wanted to criticize us for having an issue there they wouldn't be wrong. Another criticism is that our transactions are rather large. I think around 13kb instead of like 250 bytes for a bitcoin transaction. This is actively being addressed though with a proposal called bullet proofs which will have probably about an 85% space savings. Maybe a great deal more more if implemented with batched transactions and people widely adopt and use batched transactions. Other than those issues monero has very strong privacy through the combination of several core features.

1) All transactions are forced to be private. This has an externalizing effect of improving everyone's privacy. Imagine it this way, if you have very well mixed coins, no one can trace them back to you, but then you send them to a known address that is a huge information leak on your end. It undermines a lot of the privacy that you gained by your therough mixing. On the extreme end, someone can go to the guy you sent to and use the 5 dollar wrench technique to find out who you are.

2) All amounts that are sent are unknown. Look at this random transaction from the block explorer https://moneroexplorer.com/tx/ec14e0f6c91966a5b899c49297a23f8e21e02716b517938c69740892d46e1990 Look at anywhere that it says ammount. It's just a "?".

3) All monero addresses are untraceable. That is to say there is no way to know who is receiving a given transaction.

4) All monero sending addresses are unlinkable. Ring signatures are used for this. A transaction is signed by several separate inputs. It is possible to know that one of those inputs is the true signatory and is valid but it is not possible to know WHICH of the inputs is the true signatory.

That was a lot of work so I hope you really care and weren't just exploiting some signature campaign. Or if you are than hopefully SOMEONE gets some value from it.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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February 15, 2018, 09:24:45 PM
 #37516

This thread is insanely long. Is monero superior compared to dash and zcash?
If you're looking for anonymity, then yes,
Edit: Read the post above mine

I'm starting a technology blog T4CH.top, check it out!
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February 15, 2018, 09:26:02 PM
 #37517

Long time since I've posted here.  Have been busy running my mining rigs and other crypto projects.  Can someone give me a State of the Union run down on Monero and what has been going on and what is coming up for the year?

Links or replies will work for me.  Hope everyone is well here.  This has always been my go to place for Monero news and problem solving. 

Multisig, sub-addresses, default fee reduction (what else?) in next month's fork.  Bulletproofs next fork after (massive reduction in tx size and fees)

monero hardware wallet soon, ledger nano s soon.

Our very own premine scam fork, moneroV soon.

network hash rate + GH/s

tons of media on web browser miners and 'crypto jacking' bot nets

That's a quick rundown off the top of my head.
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February 15, 2018, 09:44:17 PM
 #37518

Long time since I've posted here.  Have been busy running my mining rigs and other crypto projects.  Can someone give me a State of the Union run down on Monero and what has been going on and what is coming up for the year?

Links or replies will work for me.  Hope everyone is well here.  This has always been my go to place for Monero news and problem solving. 

Multisig, sub-addresses, default fee reduction (what else?) in next month's fork.  Bulletproofs next fork after (massive reduction in tx size and fees)

monero hardware wallet soon, ledger nano s soon.

Our very own premine scam fork, moneroV soon.

network hash rate + GH/s

tons of media on web browser miners and 'crypto jacking' bot nets

That's a quick rundown off the top of my head.

Thank you. 

Monerohash.com   U.S. Mining Pool
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February 16, 2018, 08:18:20 AM
 #37519

Long time since I've posted here.  Have been busy running my mining rigs and other crypto projects.  Can someone give me a State of the Union run down on Monero and what has been going on and what is coming up for the year?

Links or replies will work for me.  Hope everyone is well here.  This has always been my go to place for Monero news and problem solving.  

Multisig, sub-addresses, default fee reduction (what else?) in next month's fork.  Bulletproofs next fork after (massive reduction in tx size and fees)

monero hardware wallet soon, ledger nano s soon.

Our very own premine scam fork, moneroV soon.

network hash rate + GH/s

tons of media on web browser miners and 'crypto jacking' bot nets

That's a quick rundown off the top of my head.

Thank you.  

globee payment processor / merchands some time ago
xmr.to
android wallet

probably more

ah yeah: FluffyGate ....

Monero - Wir sind die Leute vor denen uns unsere Eltern gewarnt haben!
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February 16, 2018, 08:26:45 AM
 #37520

Long time since I've posted here.  Have been busy running my mining rigs and other crypto projects.  Can someone give me a State of the Union run down on Monero and what has been going on and what is coming up for the year?

Links or replies will work for me.  Hope everyone is well here.  This has always been my go to place for Monero news and problem solving.  

Multisig, sub-addresses, default fee reduction (what else?) in next month's fork.  Bulletproofs next fork after (massive reduction in tx size and fees)

monero hardware wallet soon, ledger nano s soon.

Our very own premine scam fork, moneroV soon.

network hash rate + GH/s

tons of media on web browser miners and 'crypto jacking' bot nets

That's a quick rundown off the top of my head.

Thank you.  

globee payment processor / merchands some time ago
xmr.to
android wallet

probably more

ah yeah: FluffyGate ....

Of course! The integration of XMR.to into the Monerujo Android wallet was epic!  Monero usability grows and grows!
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