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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4238163 times)
primer-
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February 13, 2018, 02:51:17 PM
 #37941

I never shorted XMR but I did sell back in 2016 a huge chunk and bought Ethereum. Made a little less than $50MM, thank you ETH!

You guys really need to stop a handful of retarded devs (fat spaghetti) to force major changes without community consensus.
Monero has little time left anyway, Ethereum is about to launch ringCT and zK-Snarks, use the time you have left wisely.
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February 13, 2018, 03:21:59 PM
 #37942

This project privacy make me crazy.
Hope this still keep going !!! 
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February 13, 2018, 03:27:34 PM
 #37943

I never shorted XMR but I did sell back in 2016 a huge chunk and bought Ethereum. Made a little less than $50MM, thank you ETH!

You guys really need to stop a handful of retarded devs (fat spaghetti) to force major changes without community consensus.
Monero has little time left anyway, Ethereum is about to launch ringCT and zK-Snarks, use the time you have left wisely.

Now do yourself a favor and change those ETH to Monero while you can still get 3XMR for each ETH, especially if you care about community consensus so much, we all know how ETH goverment cares about community consensus and what usually happens to ETH when they implement new stuff ...
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February 13, 2018, 04:03:49 PM
 #37944

Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

Thanks for posting this in the barrens of BCT. Smiley

Years ago I was recommending having patch in algo's on hand for this exact purpose I'm glad to see it is being done.

I really liked to see this. Smiley

Quote
Key reuse

It is important to realize that the security of the Monero network and your own Monero is dependent on the security of your Monero keys. Your Monero keys are MONERO keys. Do NOT use them for any other purpose, including claiming coins from a Monero fork. Using your keys to spend the same outputs twice on different forked blockchains will damage your privacy, and others', as both spends will bear the same key image, but different rings, with only your spent output in common (this does not impact stealth addresses nor confidential transactions, just ring signatures). Moreover, by using such a "same keys" fork, the security of your Monero private keys now depends on those third parties.

    Forkers, if you're forking Monero, DO NOT ask users to reuse their Monero keys, but have them create new keys for your fork.

    Users, if a forker asks you to use your Monero keys for their fork (after this notification is published), they're trying to manipulate you into being part of a large scale attack on Monero.

Be safe, and don't reuse your Monero keys for any other purpose than using Monero.




Have any such PoW functions been mentioned, does anyone know?

There have quite a few of these discussions over the years, many of those pertaining to Quantum resistance as well.

Monero is dead if PoW algo is changed now in March.

LOL, Bullish sign!!!

Wars the matter primer afraid your bot nets going down?

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February 13, 2018, 06:42:31 PM
 #37945

So is there any plan to mitigate the on going botnet problem XMR, BCN and now ETN are suffering from?
*image*
I don't know why everybody keeps there are massive botnets just because there are unknown pools. I'm sure that Monero miners value privacy too.

PS: I know that there are botnets, it's just I'm sure they're nowhere near 71% of the network.

Yea it's likely not that high, but it's definitely a very large number. There have been a lot of people who have done studies on monero and it's botnets... You would have to be naive to pretend it's not a big deal. I understand many of you are invested and will shill to not make the coin look bad but still, have some sense. Am I the only one that thinks it's BS that a few A-hole criminals out there are amassing more coins than likely anyone mining nowadays.

For what it's worth I think the techonology behind monero is fantastic, but can't help but think it will be it's downfall someday at the same time.

BTW I rarely post anything in this thread anymore since the mods love to delete anything that doesn't make the coin look good.
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February 13, 2018, 07:03:50 PM
 #37946

Monero is dead if PoW algo is changed now in March.

Well will you look at who it is boys! Troll indicator flashing red!


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 13, 2018, 07:47:43 PM
 #37947

Monero is dead if PoW algo is changed now in March.

Well will you look at who it is boys! Troll indicator flashing red!



Yep - bullish methinks

Monero - Wir sind die Leute vor denen uns unsere Eltern gewarnt haben!
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February 13, 2018, 10:55:55 PM
 #37948

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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February 13, 2018, 10:56:55 PM
 #37949

Great Progress Team! Keep it up!  Wink
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February 14, 2018, 06:50:37 PM
 #37950

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
 #37951

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


On your journey across the wilderness, from the desert to the well, you have strayed upon the motorway to hell.
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February 14, 2018, 11:43:19 PM
 #37952

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
 #37953

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.

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February 15, 2018, 01:28:31 AM
 #37954

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
 #37955

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

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ozkraut
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February 15, 2018, 10:40:42 AM
 #37956

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

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February 15, 2018, 05:54:52 PM
 #37957

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?

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February 15, 2018, 06:04:45 PM
 #37958

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
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February 15, 2018, 07:06:06 PM
 #37959

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
 #37960

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

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