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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4623142 times)
gembitz
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June 06, 2018, 08:34:05 PM
 #38941

››› Windows 64-bitOS XLinuxFreeBSD •  Source code ‹‹‹

We are moving away from Bitcointalk. For latest information, check out News, announcements and editorials on the official forum


Website: getmonero.org
Official Forum: forum.getmonero.org

Monero Economy  •  Monero Support* •  Monero Mining  •  Monero Speculation*  •  Monero Dev*  •  Monero large OTC
* self-moderated

#monero  •  #monero-dev  •  #monero-otc  •  #monero-markets  •  #monero-pools  •  QQ Group: 272729907
(Freenode)



Monero (XMR) is a privacy-focused cryptocurrency that is not based on Bitcoin's code.

Monero aims to be a fungible and untraceable digital medium of exchange. It intrinsically has a higher degree of privacy than Bitcoin or any of its various forks. It was launched on April 18, 2014 (preannounced and no premine/ICO/etc.).

The official core team members are (in no particular order) - Riccardo "fluffypony" Spagni, luigi1111, NoodleDoodle, smooth, tacotime, Franciso "ArticMine" Cabañas, othe

Announcements
Please visit News, announcements and editorials on the Monero Forum for the latest news.
Visit our StackExchange site, where you can ask, answer, and view technical questions!

Features

  • Untraceable payments
  • Unlinkable transactions
  • Blockchain analysis resistance
  • Adaptive parameters

Academic and Theory

Monero's functionality is backed up by academic research and cryptographically proven schemes. Much of this research is done by the Monero Research Lab. Since Monero was initially based on the CryptoNote protocol, the CryptoNote whitepaper is also an invaluable reference for validating Monero's unlinkability and untraceability claims.


Specifications

  • PoW algorithm: CryptoNight [1]
  • Max supply: Infinite (see note below) [2]
  • Block reward: Smoothly varying [3]
  • Block time: 120 seconds
  • Difficulty: Retargets at every block

[1] CPU + GPU mining (about 1:1 performance for now). Memory-bound by design using AES encryption and several SHA-3 candidates.
[2] Initial number of atomic units is M = 264 - 1. However, once the block reward reaches 0.3 XMR per minute (sometime in 2022) that is treated as the minimum subsidy, which means that Monero's total emission will forever increase by ~157680 XMR annually.
[3] Uses a recurrence relation. Block reward = (M - A) * 2-20 * 10-12, where A = current circulation. Roughly 86% mined in 4 years (see graph).


Official downloads and links

Getting Started - Follow the guide to set up the software and start mining.

Official forum

Source and binaries
Also see below for optional GUI.

Latest release: 0.10.1.0 Wolfram Warptangent


Donations for general development

XMR:
Code:
address (OpenAlias) donate.getmonero.org
address (full) 44AFFq5kSiGBoZ4NMDwYtN18obc8AemS33DBLWs3H7otXft3XjrpDtQGv7SqSsaBYBb98uNbr2VBBEt7f2wfn3RVGQBEP3A
viewkey: f359631075708155cc3d92a32b75a7d02a5dcf27756707b47a2b31b21c389501

BTC:
Code:
1KTexdemPdxSBcG55heUuTjDRYqbC5ZL8H

Monero Community Hall of Fame

Alternative Clients

Please visit: How to choose a Monero client

Miners

Blockchain explorer


Exchanges, Services, and Related Projects

Please visit Merchants and services directory

Pools

For an up-to-date list of pools, go to http://moneropools.com

FAQ
For a longer FAQ, check Community FAQ

What is CryptoNote?
CryptoNote is the technology that allows creation of privacy-centric cryptocurrencies. You can visit their website here. The level of anonymity provided by CryptoNote isn't possible with Bitcoin code base by design. Bytecoin (BCN) was the CryptoNote reference implementation, and XMR is based on BCN's code.

Two of the main features of CryptoNote are ring signatures that mask sender identities by mixing and one-time keys that make transactions unlinkable. Their combined effect gives a high degree of anonymity without any extra effort on the part of the user.

Unlike Bitcoin, your funds are not held in the address you give out to others. Instead, every time you receive a payment it goes to an unlinkable address generated with random numbers. When you decide to spend the funds in that one-time address, the amount will be broken down and the components will be indistinguishable from identical outputs in the blockchain.

For example if 556.44 XMR are sent, the protocol will break it down into 500 + 50 + 6 + 0.4 + 0.04 and a ring signature will be performed with other 500's, 50's, 6's, 0.4's, and 0.04's in the blockchain. Unlike the "CoinJoin" mixing method, CryptoNote mixes outputs not transactions. This means no other senders need to be participating with you at the same time or with the same amounts. Any arbitrary amount sent at any time can always be rendered fundamentally indistinguishable (a mathematical proof is given in the white paper).

The degree of anonymity is also a choice rather than decided by the protocol: do you want to be hidden as one among five or one among fifty? The size of the signature grows linearly as O(n+1) with the ambiguity so greater anonymity is paid for with higher fees to miners.

Ring signatures are explained below. Reproduced from CryptoNote:

A normal signature looks like this. There's only one participant, which allows one-to-one mapping.



A ring signature obscures identities because it only proves that a signer belongs to a group.



This allows a high level of anonymity in cryptocurrency transactions. You can think of it as decentralized and trustless mixing.



How does this compare to other anonymous solutions?
Ring signatures originate from the work of Rivest et al. in 2001 and the implementation in CryptoNote relies in particular on Fujisaki and Suzuki's work on traceable ring signatures. There are two other anonymity implementations currently available or in development. One is ZeroCoin/ZeroCash's use of zero-knowledge proofs. The others are based on gmaxwell's CoinJoin idea (such as mixing services for Bitcoin or the altcoin Darkcoin).

1. Comparison with ZeroCoin and ZKP-based approaches:
You can read about ZeroCoin and zero-knowledge proofs (ZKP) here. The ZK environment allows an anonymity set that includes everyone in the network because the validity of an output can be proven without knowing the corresponding public key until it is spent. The largest risk is that this is recent research-level cryptography that hasn't been subjected to years of cryptanalysis, so exploits may emerge down the road. Ring signatures are much simpler and more mature, with many peer-reviewed papers published over more than a decade.

Other issues with ZKP include the RSA private key used to initiate the accumulator, which must be trusted to be destroyed by the generating party. It also obscures the entire economy, not just sender/receiver identities. If the ZK system is compromised, then an attacker can continuously spend coins that don't exist using false proofs. This damage is hidden from everybody due to total blinding and consequently at any given time it's not possible to know if the network has already been compromised. There is a tradeoff between these inherent risks and the maximal anonymity set provided by ZKP. CryptoNote aims for a different balance through the dual layers of privacy provided by one-time keys and ring signatures.

2. Comparison with CoinJoin-based approaches:
XMR is more qualitatively similar to mixing implementations like CoinJoin. The differences arise in the departure from the Bitcoin protocol, which allows XMR to use new cryptography to provide decentralized and trustless mixing of superior quality. The critical problem with mixing services is the need to trust the operators. As an example, blockchain.info's mixer gives the following disclaimer: "However if the server was compromised or under subpoena it could be force to keep logs. If this were to happen although you haven't gained any privacy you haven't lost any either."

The CoinJoin-inspired Darkcoin performs mixing with selected "masternodes" since it still uses ordinary signatures that can be mapped one-to-one. The motivation is that a randomly selected node is less likely than a single service to exhibit bad faith (such as keeping logs) . In practice, a few VPS companies host the vast majority of nodes and this approach relies on the integrity and good behavior of these nodes. XMR's more fundamental cryptographic approach doesn't have these vulnerabilities and the quality of anonymity is much higher.

XMR's ring signatures are also far more secure and convenient than CoinJoin because they mix outputs not transactions. This means a transaction doesn't involve waiting around for other senders to mix with. Nor is a user restricted to mixing only if others are sending the same amount. Arbitrary amounts can be sent at any time without anyone else's participation. This feature makes a timing analysis of the blockchain useless.

Overview of a transaction
Bob decides to spend an output, which was sent to the one-time public key. He needs Extra (1), TxOutNumber (2), and his Account private key (3) to recover his one-time private key (4).

When sending a transaction to Carol, Bob generates its Extra value by random (5). He uses Extra (6), TxOutNumber (7) and Carol's Account public key (8) to get her Output public key (9).

In the input Bob hides the link to his output among the foreign keys (10). To prevent double-spending he also packs the Key image, derived from his One-time private key (11).

Finally, Bob signs the transaction, using his One-time private key (12), all the public keys (13) and Key Image (14). He appends the resulting Ring Signature to the end of the transaction (15).



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what happened to you OP?  Roll Eyes  when gitlab?


#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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florida.haunted
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June 06, 2018, 08:36:21 PM
 #38942

What is guaranteed to be better than Bitcoin?

Non-anonymous blockchains are Total Huge Vulnerabilities in the financial systems. See my full post on this subject:
https://bitcointalk.org/index.php?topic=583449.msg39238948#msg39238948

So, Monero should be compared with other anonymous blockchains, like ZCash for example. Look at my another post on this subject:
https://bitcointalk.org/index.php?topic=583449.msg39490737#msg39490737
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June 06, 2018, 08:46:36 PM
 #38943


Did you try to restart GUI & daemon? It may help... Sorry I don't use GUI (always prefer CLI) so can't help you in deep.

What is appear 100% clear: since you (and me) can't find your txId on the blockchain:
https://moneroblocks.info/search/0997e50717d9d023834e79defde9dbd70f34dbbea0b6211e43c1760ae33f3139
- your transaction doesn't exist in Mainnet.

What to do? Read this, it may help:
https://monero.stackexchange.com/questions/4298/how-can-i-delete-the-last-x-blocks-from-my-local-copy-of-the-blockchain-and-retr
- typical number of blocks to pop out from your local copy of the blockchain is 1440 (mean 2 latest days).
gembitz
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June 06, 2018, 09:20:28 PM
 #38944

What is guaranteed to be better than Bitcoin?

<boilerplate>


fluffypony - A secure, private, untraceable developer?  :-D  ~hmmm i don't think so!

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
gembitz
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June 06, 2018, 09:25:49 PM
 #38945

Some days ago I posted my thoughts to Monero speculation thread, but I suppose they much more fundamental, so I re-phrase them here and may be somewhere else. May be you guys help me in ideas where that thoughts should be posted else.

I think people are crazy if they don't respect anonymity or further fight against anonymity, like Japan's FSA that want to ban anonymous cryptocurrencies.

I assert that absence of anonymity is One Huge Vulnerability to the national security of any country. As we know most blockchains are transparent and there is just one tiny line that separates a person that stores his financial info on blockchain from total fiasco - the link between wallet address and person email, photo, address, etc.

As we can see, governments of many countries fight against anonymity (KYS etc.). Also they centralize all the personal info in one hand. But this is fatal fundamental error. As we can see, if personal data may leak it does leak in short finite time at 100% sure. Because info is a super-liquid substance like liquid helium at sub-critical temperature below ~2 kelvins.

Now transparent blockchains come to the scene. WTF???!!! Each gangster for the near future will know ALL the info about you!!! And, if you are rich enough, you will be robbed. Police is just bought or are share-holders or just have been leaked...

Look what Chinese HQ create on the days:
https://en.wikipedia.org/wiki/Social_Credit_System

Is not it fucking heavens holly shit 1984?!

There is a niche for transparent blockchains, for sure. For example, they may control social things and relations in public domain.

BUT MOST OF REAL-WORLD BLOCKCHAINS MUST BE ANONYMOUS! See above...

I am very glad when I saw Ricardo Spagni introduction of Tari:
https://cryptorecorder.com/2018/05/25/monero-xmr-riccardo-spagni-to-introduce-tari-the-new-ethereum-killer/

Also I am very glad that Ricardo Spagni itself introduced his fading participation in Monero developing itself, MAKING DEVELOPING MORE DECENTRALIZED.

And the last drop that overflows my patience to be silent, is just found words of
https://en.wikipedia.org/wiki/Frank_Abagnale
HE, BEING FBI CONSULTANT, SAID:
https://www.youtube.com/watch?v=0AHHo9OXiwE&feature=youtu.be&t=40m35s

Blockchain is the best way to secure the information. I think you will see all banks to come to the blockchain. Keeping records through blockchain, because it will become the best way to do so. You cant break the blockchain, you cant change anything on the blockchain. So that bring us to last thing. You cant change anything on blockchain. To some little things that have to be worked out, like example we have many witness programs. So if we know who the person is and we cant change who the person is, then that become the jeopardy to that witness. So the privacy issue comes into play about. Those are the things that has to be tweaked out.

SO PLEASE OPEN EYES YOUR NEIGHBORS: ABSENCE OF ANONYMITY IS HUGE VULNERABILITY TO ALL THE COUNTRIES, not anonymity!



WAIT WAT FLUFFYPONY TOKENS WHEN? =)

https://cryptorecorder.com/2018/05/25/monero-xmr-riccardo-spagni-to-introduce-tari-the-new-ethereum-killer/


===>

Monero (XMR) lead developer, Riccardo Spagni has announced that he and other industry experts are working on launching a new protocol. The protocol is going to be built on Monero network and will have some of the latest “never seen before” features. Tari will allow the creation of decentralized applications and tokens.

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
gembitz
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June 06, 2018, 10:21:01 PM
 #38946

There is no "dev team".  There is a community of people working on various aspects of the coin.

I've been keeping the repo up to date.
NoodleDoodle likes to optimise his miner.
TFT started the fork and also assists when things break.
othe's been working on a GUI.
zone117x has been working on a pool.

It's a decentralized effort to maintain the fork, not a strawman team of leet hackers who dwell in the underbellies of the internet and conspire for instamines.

not anymore ~ looks like monero got hijacked by a proprietary code loving douchebag  Roll Eyes  pfft




#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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June 07, 2018, 04:49:00 AM
Last edit: June 07, 2018, 05:06:17 AM by birr
 #38947

Is there is a link to the official forum (forum.getmonero.org) from the getmonero.org homepage?  I can't seem to find one.  The Community tab shows slack, irc channels etc. but not the forum.    There needs to be a link to the forum, too.  People new to Monero will see an abundance of choices to peruse but never the main forum.
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June 07, 2018, 05:10:34 AM
 #38948

Why do people continue to buy a coin that is being banned? I think bitcoin private offers a better brand and optional privacy features, far less likely to be banned and actually scalable for mass adoption.
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June 07, 2018, 07:50:57 AM
 #38949

DEV when downloading the file * downloads.getmonero.org / gui / win64 * download version: monero-gui-win-x64-v0.12.0.0 Correct. I hope in version 0.12.2.0 fixed the errors of rings and the hang of the sound in win. It's sad that everything went so irresponsibly in your affairs .... two months of absence of a full-fledged purse.
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June 07, 2018, 09:41:06 AM
 #38950

DEV when downloading the file * downloads.getmonero.org / gui / win64 * download version: monero-gui-win-x64-v0.12.0.0 Correct. I hope in version 0.12.2.0 fixed the errors of rings and the hang of the sound in win. It's sad that everything went so irresponsibly in your affairs .... two months of absence of a full-fledged purse.

GUI v0.12.2.0 has not been released yet.

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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June 07, 2018, 09:57:55 AM
 #38951

Why do people continue to buy a coin that is being banned? I think bitcoin private offers a better brand and optional privacy features, far less likely to be banned and actually scalable for mass adoption.

Obviously you are all the same person. Bitcrap private, you came to the wrong thread. Or the one you feel most threatened by anyway.


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.PLAY NOW.
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June 07, 2018, 10:50:11 AM
 #38952

DEV when downloading the file * downloads.getmonero.org / gui / win64 * download version: monero-gui-win-x64-v0.12.0.0 Correct. I hope in version 0.12.2.0 fixed the errors of rings and the hang of the sound in win. It's sad that everything went so irresponsibly in your affairs .... two months of absence of a full-fledged purse.

GUI v0.12.2.0 has not been released yet.

Before answering, go to the official site *getmonero.org/downloads/* and see the information provided ...
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June 07, 2018, 12:51:56 PM
 #38953

DEV when downloading the file * downloads.getmonero.org / gui / win64 * download version: monero-gui-win-x64-v0.12.0.0 Correct. I hope in version 0.12.2.0 fixed the errors of rings and the hang of the sound in win. It's sad that everything went so irresponsibly in your affairs .... two months of absence of a full-fledged purse.

GUI v0.12.2.0 has not been released yet.

Before answering, go to the official site *getmonero.org/downloads/* and see the information provided ...

The structure of the downloads page may be a bit misleading. If you click on the Windows GUI download link you'll notice that it actually downloads v0.12.0.0 (logically because GUI v0.12.2.0 isn't released yet).

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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June 07, 2018, 01:08:43 PM
 #38954

Why do people continue to buy a coin that is being banned? I think bitcoin private offers a better brand and optional privacy features, far less likely to be banned and actually scalable for mass adoption.

you cant be serious.
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June 07, 2018, 03:03:37 PM
 #38955

Why do people continue to buy a coin that is being banned? I think bitcoin private offers a better brand and optional privacy features, far less likely to be banned and actually scalable for mass adoption.

you cant be serious.

Shills and scammers are never serious they are just trying to spam their shitcoin in legitimate threads to get fools to bite.

Just put these accounts on ignore.

DEV when downloading the file * downloads.getmonero.org / gui / win64 * download version: monero-gui-win-x64-v0.12.0.0 Correct. I hope in version 0.12.2.0 fixed the errors of rings and the hang of the sound in win. It's sad that everything went so irresponsibly in your affairs .... two months of absence of a full-fledged purse.

GUI v0.12.2.0 has not been released yet.

Before answering, go to the official site *getmonero.org/downloads/* and see the information provided ...

That is extremely misleading and I would be pretty pissed if I was trying to upgrade to get rid of a bug and didn't notice the damn file was the same version I was trying to get away from. That is a good waste of time bandwidth and energy.

On the bright side the downloads are really fast now. Smiley

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June 07, 2018, 04:07:53 PM
 #38956

Hello, my name is Victor. I work for FanVictor.com - A premiere white label Fantasy Sports platform.
We build fantasy sports websites for companies.

If you are interested in a white label solution where you can brand your own fantasy sports site and integrate your coin,  our prices start at $3497.
Please visit this page for more info:

https://fanvictor.com/white-label-solution/


Alternatively, with the recent rise in crypto currency activity, we have decided to also start a retail site called
FanLucci.com - This is the only Fantasy Sports site accepting multiple crypto currencies. 

If you would like your like your coin listed as a supported coin, we can integrate your coin into our platform. 

For this, it is only a one time fee of $500 US.  You can also pay by Cyrpto Currency of course. 
All we need is an API to validate a transaction on the blockchain. 
 

Please let me know if you have any questions - I would really like to work with you and your organization.

Thank you
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June 07, 2018, 04:28:59 PM
 #38957

Monero World Cup Fantasy League Ultimate Super Critical Challenge

Details here:
https://bitcointalk.org/index.php?topic=4433018.msg39582222#msg39582222

Ultimate winner will receive prize pot (of course) as well as two Monero branded bottles of Barolo (in yours and the devs honor).

Buy in b42l8.
Lontonbit
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June 07, 2018, 04:37:02 PM
 #38958

Is this a cult? Fluffy pony is manipulating you in beliving this scam coin but the government is stepping in to ban it! I hereby release from his spell...now open your eyes!

It’s gold for nerds
Anon136
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June 07, 2018, 04:56:57 PM
Merited by Globb0 (2)
 #38959

Is this a cult? Fluffy pony is manipulating you in beliving this scam coin but the government is stepping in to ban it! I hereby release from his spell...now open your eyes!

The code speaks for it's self. This project and it's forks are the only ones that actually deliver on privacy on the block chain and this is the main project where real development is taking place, not the forks.  Privacy among being useful for many other things is necessary for fungibility and fungibility is necessary for a function currency. It is really that simple. I don't give 2 shits what fluffypony is doing. I don't have a twitter or a facebook or a what ever people use follow the lives of other people. Don't need 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?
fluffypony
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June 07, 2018, 05:11:03 PM
 #38960

Is this a cult? Fluffy pony is manipulating you in beliving this scam coin but the government is stepping in to ban it! I hereby release from his spell...now open your eyes!

so Monero is Proof of Faith?

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