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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4625778 times)
volyova
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May 05, 2018, 01:05:30 PM
 #38661

In order to prevent money laundering and other criminal activity, Japan’s Financial Services Agency, is quietly pressuring cryptocurrency exchanges to give up handling Monero (XMR), Zcash (ZEC), and Dash (DASH) and other cryptocurrencies favored by criminals and hackers. Sources close to the FSA confirmed that they were taking all available steps to discourage the use of certain alternative virtual currencies that have become attractive to the underworld because they are difficult to track. In September of last year, the European Union’s law enforcement agency, Europol, released a report that warned “other cryptocurrencies such as Monero, Ethereum and Zcash are gaining popularity within the digital underground.” Criminals, who were some of the earliest adopters of Bitcoin, have increasingly dropped that cryptocurrency for transactions in favor of Monero and other less traceable "altcoins."
According to the Japanese authorities, it is very difficult, if not impossible, to identify the recipients of currencies like Monero via a blockchain or any other public ledger. The anonymity makes the coins ideal for money laundering. The blockchain (public ledger) for bitcoin, makes it possible for seasoned investigators to follow the money. Increasingly, cyber criminals choose these new "privacy coins" when they demand ransom payments or engage in sales of illegal goods.
The FSA is particularly adverse to Monero, especially after it was reported in January that North Korea may be mining the currency to raise funds.
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garytheasshole
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May 05, 2018, 01:42:34 PM
 #38662

In order to prevent money laundering and other criminal activity, Japan’s Financial Services Agency, is quietly pressuring cryptocurrency exchanges to give up handling Monero (XMR), Zcash (ZEC), and Dash (DASH) and other cryptocurrencies favored by criminals and hackers. Sources close to the FSA confirmed that they were taking all available steps to discourage the use of certain alternative virtual currencies that have become attractive to the underworld because they are difficult to track. In September of last year, the European Union’s law enforcement agency, Europol, released a report that warned “other cryptocurrencies such as Monero, Ethereum and Zcash are gaining popularity within the digital underground.” Criminals, who were some of the earliest adopters of Bitcoin, have increasingly dropped that cryptocurrency for transactions in favor of Monero and other less traceable "altcoins."
According to the Japanese authorities, it is very difficult, if not impossible, to identify the recipients of currencies like Monero via a blockchain or any other public ledger. The anonymity makes the coins ideal for money laundering. The blockchain (public ledger) for bitcoin, makes it possible for seasoned investigators to follow the money. Increasingly, cyber criminals choose these new "privacy coins" when they demand ransom payments or engage in sales of illegal goods.
The FSA is particularly adverse to Monero, especially after it was reported in January that North Korea may be mining the currency to raise funds.

Long live North Korea, down with Japan, those imperialist pigs!

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May 05, 2018, 04:34:30 PM
 #38663


https://www.reddit.com/r/CryptoCurrency/comments/8h0qza/childhood_toy_reimagined_for_crypto/

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May 05, 2018, 05:16:03 PM
 #38664

https://crypto.stanford.edu/bulletproofs/

So Monero devs are the first one, to implement this protocol in production code?

Since it will be open source, it can be ported to Bitcoin, Litecoin's confidential transaction?

Thank you
Wownero currently uses bulletproofs on its mainnet Smiley
You mean there are devs out there who are capable and willing to take code that is made by our devs that is still undergoing testing and push it to their main net before it is fully vetted!? Now that's a project I want to get behind!


According to the Japanese authorities, it is very difficult, if not impossible, to identify the recipients of currencies like Monero via a blockchain or any other public ledger... The FSA is particularly adverse to Monero...
What a nice endorsement.

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?
jwinterm
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May 05, 2018, 05:37:58 PM
 #38665

https://crypto.stanford.edu/bulletproofs/

So Monero devs are the first one, to implement this protocol in production code?

Since it will be open source, it can be ported to Bitcoin, Litecoin's confidential transaction?

Thank you
Wownero currently uses bulletproofs on its mainnet Smiley
You mean there are devs out there who are capable and willing to take code that is made by our devs that is still undergoing testing and push it to their main net before it is fully vetted!? Now that's a project I want to get behind!


According to the Japanese authorities, it is very difficult, if not impossible, to identify the recipients of currencies like Monero via a blockchain or any other public ledger... The FSA is particularly adverse to Monero...
What a nice endorsement.

"devs"

Anyway, Wownero is basically worthless so why not? If it works, then it will exist as probably the most fairly launched Cryptonote with ringCT and enforced min mixin from block 0, and bulletproofs from block 6969, and what I think is reasonable five min block time. If it blows up, then ohwell.

Edit: Gingeropolous made this relevant commit to readme file the other day:
https://github.com/wownero/wownero/commit/c0245860d8dffdfa22da742dce7c5895282308a5

Quote
All pull requests will be considered safe until the US dollar valuation of 1 Wownero equals $1000. After this valuation has been reached, more reseach will be needed to introduce experimental cryptography and/or code into the codebase. 
bitcoinfuck
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May 05, 2018, 05:39:27 PM
 #38666

Now that's a project I want to get behind!


excatly

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May 05, 2018, 05:40:37 PM
 #38667

https://crypto.stanford.edu/bulletproofs/

So Monero devs are the first one, to implement this protocol in production code?

Since it will be open source, it can be ported to Bitcoin, Litecoin's confidential transaction?

Thank you
Wownero currently uses bulletproofs on its mainnet Smiley
You mean there are devs out there who are capable and willing to take code that is made by our devs that is still undergoing testing and push it to their main net before it is fully vetted!? Now that's a project I want to get behind!


According to the Japanese authorities, it is very difficult, if not impossible, to identify the recipients of currencies like Monero via a blockchain or any other public ledger... The FSA is particularly adverse to Monero...
What a nice endorsement.

"devs"

Haha yeaaa... That may have been a strong word.

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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May 05, 2018, 06:59:59 PM
 #38668

https://crypto.stanford.edu/bulletproofs/

So Monero devs are the first one, to implement this protocol in production code?

Since it will be open source, it can be ported to Bitcoin, Litecoin's confidential transaction?

Thank you
Wownero currently uses bulletproofs on its mainnet Smiley
You mean there are devs out there who are capable and willing to take code that is made by our devs that is still undergoing testing and push it to their main net before it is fully vetted!? Now that's a project I want to get behind!


According to the Japanese authorities, it is very difficult, if not impossible, to identify the recipients of currencies like Monero via a blockchain or any other public ledger... The FSA is particularly adverse to Monero...
What a nice endorsement.

Yeah it's cool that small cap coins will test our tech for us free of charge before we roll it out. Works for them as marketing and Monero as a second testbed, best of both worlds! Smiley

And yes, thank you Japan, squeeze your fist and see how many of your people flock to Monero.


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May 05, 2018, 07:49:06 PM
 #38669

I think we just got it with bullet proofs. Buy the rumour.


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May 05, 2018, 07:49:19 PM
 #38670

There are many rumors that our coin will be removed from poloniex. However. There is not a clear message coming from dev. I could think that it was a force majeure that reduced the value of XMR coin, a shark's trap, maybe.
I have never heard of such news. There are many false news. Monero is the latest rising king and poloniex has no reason to remove it.We do not have to worry about this.

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May 06, 2018, 01:50:42 AM
 #38671

There are many rumors that our coin will be removed from poloniex. However. There is not a clear message coming from dev. I could think that it was a force majeure that reduced the value of XMR coin, a shark's trap, maybe.
I have never heard of such news. There are many false news. Monero is the latest rising king and poloniex has no reason to remove it.We do not have to worry about this.

It's a bcn shill all worried they might delist the scam coin... Roll Eyes

.

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kamaljit.singh
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May 06, 2018, 02:53:28 AM
 #38672

This authentic Italian restaurant in Vienna (Austria) now accepts #Monero!
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May 06, 2018, 03:32:20 AM
 #38673

This authentic Italian restaurant in Vienna (Austria) now accepts #Monero!

Did you mean to add a link to this post?

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May 06, 2018, 03:34:30 AM
 #38674

I'm aware of but not concerned about the FUD, I just bought more XMR. The technicals were too good to deny.
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May 06, 2018, 03:37:53 AM
 #38675

I'm aware of but not concerned about the FUD, I just bought more XMR. The technicals were too good to deny.

So did I and when I placed the order the suppression bot almost switched direction.

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May 06, 2018, 04:38:30 AM
 #38676

I'm aware of but not concerned about the FUD, I just bought more XMR. The technicals were too good to deny.

So did I and when I placed the order the suppression bot almost switched direction.
Huzzah!
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May 06, 2018, 07:52:46 AM
 #38677

The last message here
https://github.com/monero-project/monero-gui/issues/1261

gives a link to a working GUI
https://build.getmonero.org/downloads/monero-gui-db5e71c-linux-amd64.tar.gz

This to the getmonero.org with sha256sum and rest of the files.

I copied those files to a folder with contains rest of the files of the official release. Now it connects to daemon. The syncronization anyway was first syncing to some node with old blocks. Finally it synced to the latest block.
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May 06, 2018, 08:43:51 AM
 #38678

is it true that governments will ban all the private coin like monero? what can we do to stop them?

The funny thing is, that they cannot stop anyone from using Monero  Grin Wink

what is happening
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May 06, 2018, 09:59:21 AM
 #38679

I tried to run a local node on IMAC fusion drive.

I get out of space because apple morons stores the blockchain on the SSD wich is just 25GB.

Anyone knows how I can get the IMAAC storing the chain on the hdd?
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May 06, 2018, 10:08:50 AM
 #38680

how can I long monero with leverage? I trust the team and the coin and I want to increase the gains in the short term

Poloniex offers leverage. But I believe the margin is only 2.5x. Unfortunately, Bitmex discontinued listing XMR contracts.

Edit: It appears Kraken offers 5X leverage for Monero.
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