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 Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4281809 times)
Millionero
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 April 03, 2018, 06:34:39 PM

Thought I would just post this here for your delectation.  It reminds me of a certain habitué of this board; you'll know who I mean

"In order to close the theoretic gap between fiat money and private money, a generalized notion of demurrage is critical. The government (supposedly) protects property rights, just as does a precious metals bank protect its deposits from theft -- deposits that back its bearer certificates. In both cases it costs to secure the property. The way this cost gets billed is where things seem to go awry*. Fiat money decouples issuance (source) and taxes (sink) from the liquid value of the property rights the government is supposedly protecting. Banks loan out their deposits at interest to pay the protection costs. Put both of these shenanigans together and you have the Federal Reserve. All of the Fed's noise about adjusting the "money supply" in response to "the demand for liquidity" elides the question: What is the fundamental source of demand for liquidity?

The answer is in the risk-adjusted net present value formula which relates static to dynamic value: The liquid value of a property right is calculated from the risk-adjusted net present value of its profit stream.

*Cryptocurrency's equivalent of demurrage is the cost of securing the blockchain."

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mmortal03
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 April 03, 2018, 07:14:18 PM

Is there a way to completely disable the ZeroMQ RPC server functionality on 0.12.0.0.0? I'm on Windows and running into the following issue that crashes the daemon (trying to troubleshoot it): https://github.com/monero-project/monero/issues/3540
wudackprod
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 April 03, 2018, 07:20:41 PM

mmortal03
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 April 03, 2018, 07:31:33 PM

Hi folks, you can check this Great invention.. Just loving it to get monero here - -

The red and green bookmarks are a nice touch (representing red and green charting candles).
explorer
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 April 03, 2018, 09:43:21 PM

I look for potential cool ICO maybe many people would use this nowadays.

wat

Try the Antarctica ICO.  It's the Initial Cool Offering.  Definitely has potential.
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 April 03, 2018, 11:44:21 PM

Why does Monero not have a 32-bit visual client for Windows? Developers apparently forgot that in the yard of the 21st century and fuck with the command line no one will.

Who has a 32 bit machine in 2018?
i have now one netbook right now i use it in restoraunt it is very comfort for me, and i addicted to this small friend

Most netbooks have Intel Atom CPUs. If I remember correctly, except for a couple of early series models, Atoms are capable of supporting the 64-bit instruction set (depending on chipset, BIOS, etc.). Most if not all of these netbooks are shipped with a ridiculously watered-down version of Windows 7, namely Windows 7 Starter (32-bit).

I have a few of them that are upgraded with SSDs and maximum RAM (2 GB) to soup up performance. I then loaded them with a full version of Windows 7 64-bit and/or Linux Mint 64-bit. I use them as cold/offline/air-gapped wallets; its portability due to the SFF is ideal for this purpose.

Are you absolutely correct in your assumptions, which means that I can also install a 64-bit version on my netbook?

https://ark.intel.com/products/58916/Intel-Atom-Processor-N2600-1M-Cache-1_6-GHz

Code:
Intel® 64 ‡ Yes
Instruction Set 64-bit
Definitely a big thank you for this link. Actually, I already started glances in the direction of a new netbook with a 64 bit operating system and they are not expensive. I do not know what is better - to spend time and money on a new operating system or just order a new netbook in the online store.

Hueristic
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Doomed to see the future and unable to prevent it

 April 03, 2018, 11:45:56 PM

Thought I would just post this here for your delectation.  It reminds me of a certain habitué of this board; you'll know who I mean

"In order to close the theoretic gap between fiat money and private money, a generalized notion of demurrage is critical. The government (supposedly) protects property rights, just as does a precious metals bank protect its deposits from theft -- deposits that back its bearer certificates. In both cases it costs to secure the property. The way this cost gets billed is where things seem to go awry*. Fiat money decouples issuance (source) and taxes (sink) from the liquid value of the property rights the government is supposedly protecting. Banks loan out their deposits at interest to pay the protection costs. Put both of these shenanigans together and you have the Federal Reserve. All of the Fed's noise about adjusting the "money supply" in response to "the demand for liquidity" elides the question: What is the fundamental source of demand for liquidity?

The answer is in the risk-adjusted net present value formula which relates static to dynamic value: The liquid value of a property right is calculated from the risk-adjusted net present value of its profit stream.

*Cryptocurrency's equivalent of demurrage is the cost of securing the blockchain."

I went down this rabbit hole going through the comments and these links and after an hour asked myself WTF I was wasting my time on this shit for.

https://files.stlouisfed.org/files/htdocs/publications/page1-econ/2018/03/01/bitcoin-money-or-financial-investment_SE.pdf

http://scholarworks.sjsu.edu/cgi/viewcontent.cgi?article=1022&context=econ_pub

This is the comment I most agree with and I find the paper has an agenda.

Quote
Ramy11:41 PM

With all due respect, as a student of economics, law, and your writing that has been working on mass market adoption of blockchain, I believe you are overlooking a simple detail...

"The closest historical analog to the Bitcoin settlement layer is not to the bank notes, nor even to the coins (despite its name), it is to the monetary metal"

"One of the more common modern legal definitions of “money”, used for laws that facilitate and support financial interchange...is that money can only be an official government currency"

Fiat allowed the government to print off promises of the gold reserves that they no longer had. But while Bitcoin is finite in supply, fiat's variant annual inflation amount (decided by a centralized union of bank and government) is a manipulation of everything in the "governmental monetary system"...

Bitcoin's being finite yet the central financial medium between blockchain and fiat, does this not mean that the "perfect" finite product is being converted into an infinite fiat supply for every day use? This takes away from actual settlement into "metal money". Unless the total metal money supply was recorded from first block.

In a perfect world, that physical/fiat/infinitely printable money would come back into the blockchain. But governments are trying to ensure that fiat only goes into the blockchain for their ownership (centralizing) of it to the fullest possible degree.

To address the eco-blockchain legality conundrum, I believe the ideal possible comparison to equate a cryptocurrency's settlement layer with would be to use your Theory of the Collectibles...many ways it would provide global satisfaction if done with proper communal governance. Simplest being a revival of digital altruism to combat government suppression...

Would be honor to share my thoughts with you. Preparing a dissertation on this and more, much inspired by your past works. My hypothesis is seemingly in direct opposition of your part II. Hoping to hear criticisms on my theories.

On a side note, I finally got Lazerous form recovery working again on this site! I thought I lost this post when I meant to close some tabs and closed the browser DOH!

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Call_Me_Bambi
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 April 04, 2018, 01:19:55 AM

For those of you who use Claymore's Cryptonight miner, or even those who don't, it is now free of it's dev fee and will also support the Monero hard fork.

v11.3:
- removed devfee, miner is completely free now.
- added "-pow7" option to support Monero hardfork, use "-pow7 1" value to enable it.
- reduced CPU usage for systems with a lot of GPUs.

https://bitcointalk.org/index.php?topic=638915.0
nioc
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out of the blue and into the black

 April 04, 2018, 02:20:36 AMMerited by notbatman (1)

Does anyone knows what will happen with your coins on an exchage site like bittrex after the hardfork at april 06?
Will there be a new coin after changing to cryptonight v7?

Nothing will happen.  This is not a contentious HF but a network upgrade the result of which is that only those running the new software will be on the network.  The coins themselves don't change in anyway.  Monero forks every 6 months so it has gone through this process several times already without any problems.  Hard forks are done because Monero is still in very active development.  Please note that it is an entirely different code base than btc.  Most alts are just btc clones.  Monero is a leader.

If you don't know where you're going any road will get you there
StratisKing
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 April 04, 2018, 02:29:24 AM

Anon coins are extremely needed in dark market, therefore the market caps of XMR and Dash are always top 15, you have big community and large groups of users, which is awesome.
amktt
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 April 04, 2018, 05:40:05 AM

great job by doing fork to make xmr stay asic resistance, lets hope eth does the same thing but ethereum network is so big i wonder how much time do they need to do that

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visdude
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 April 04, 2018, 07:26:32 AM

GUI 0.12.0.0 Lithium Luna "Pre-release" (whatever that means).

https://github.com/monero-project/monero-gui/releases

visdude
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 April 04, 2018, 08:18:53 AM

Why does Monero not have a 32-bit visual client for Windows? Developers apparently forgot that in the yard of the 21st century and fuck with the command line no one will.

Who has a 32 bit machine in 2018?
i have now one netbook right now i use it in restoraunt it is very comfort for me, and i addicted to this small friend

Most netbooks have Intel Atom CPUs. If I remember correctly, except for a couple of early series models, Atoms are capable of supporting the 64-bit instruction set (depending on chipset, BIOS, etc.). Most if not all of these netbooks are shipped with a ridiculously watered-down version of Windows 7, namely Windows 7 Starter (32-bit).

I have a few of them that are upgraded with SSDs and maximum RAM (2 GB) to soup up performance. I then loaded them with a full version of Windows 7 64-bit and/or Linux Mint 64-bit. I use them as cold/offline/air-gapped wallets; its portability due to the SFF is ideal for this purpose.

Are you absolutely correct in your assumptions, which means that I can also install a 64-bit version on my netbook?

If you have a spinner, it's best to switch to SSD as it improves performance a bit especially with the 64-bit overhead (I see you already have max 2GB RAM).

Edt: It was not an assumption on my part. I've done it on a few netbooks in my possession.

dEBRUYNE
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 April 04, 2018, 08:38:03 AM

Monero GUI v0.12.0.0 "Lithium Luna" released!

https://github.com/monero-project/monero-gui/releases/tag/v0.12.0.0

Monero GUI 0.12.0.0 "Lithium Luna" Megathread - Download links, instructions for upgrading, guide on how to get started, and guides to resolve common issues (missing a transaction / zero balance, freezing / buggy GUI, transaction stuck as pending, and GUI using all bandwidth)

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
visdude
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 April 04, 2018, 08:38:45 AM

SHUM! No, not the variety associated with some kinda aroma but Should Have Used Monero. Hmmm...I wonder why he just didn't use his Monero. Maybe too preoccupied with disparaging other folks who haven't done anything wrong toward him at all behind a keyboard and additionally invoking the 1st to further justify the deed. Must be some very special kinda pusillanimity.

ingyenfrag
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 April 04, 2018, 08:40:05 AM

Does anyone knows what will happen with your coins on an exchage site like bittrex after the hardfork at april 06?
Will there be a new coin after changing to cryptonight v7?

Nothing will happen.  This is not a contentious HF but a network upgrade the result of which is that only those running the new software will be on the network.  The coins themselves don't change in anyway.  Monero forks every 6 months so it has gone through this process several times already without any problems.  Hard forks are done because Monero is still in very active development.  Please note that it is an entirely different code base than btc.  Most alts are just btc clones.  Monero is a leader.

Thank you very much.
I thought that a hardfork automatically means a brand new coin as well (and soft forks for smaller changes without a new currency).
dEBRUYNE
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 April 04, 2018, 09:03:18 AM

Monero GUI v0.12.0.0 "Lithium Luna" released!

https://github.com/monero-project/monero-gui/releases/tag/v0.12.0.0

Monero GUI 0.12.0.0 "Lithium Luna" Megathread - Download links, instructions for upgrading, guide on how to get started, and guides to resolve common issues (missing a transaction / zero balance, freezing / buggy GUI, transaction stuck as pending, and GUI using all bandwidth)

Please note that, to be sufficiently prepared for the scheduled network upgrade, you ought to run this version.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
thaoco.codai865
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 April 04, 2018, 11:59:11 AM

This looks impressive
nice job, guys!
mx100
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 April 04, 2018, 02:23:35 PM

Hi guys,
What software does NVidia use?
abdulaziz07
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 April 04, 2018, 03:17:44 PM

We heared xmr hard fork as monero classic on 6 april ...which exchange is supporting
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