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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4242416 times)
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May 25, 2018, 04:31:22 AM
 #39281

I wonder if Monero will launch a Masternode?

Look at the limited amount of coins being supported by SetupMasternodes.com
and they're looking to support Quality Masternode based coins.

XMR team is solid, and hopes it can get it going with a MN

Why would XMR really need Masternodes? XMR certainly doesn't need to attempt to make this coin more anonymous by mixing them like Dash does.

yeah, good point on that part. I guess it wouldn't only be the purpose of mixing but an option for people to use the mixing feature? just curious

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May 25, 2018, 04:42:33 AM
Merited by bones261 (1)
 #39282

I wonder if Monero will launch a Masternode?

Look at the limited amount of coins being supported by SetupMasternodes.com
and they're looking to support Quality Masternode based coins.

XMR team is solid, and hopes it can get it going with a MN

Why would XMR really need Masternodes? XMR certainly doesn't need to attempt to make this coin more anonymous by mixing them like Dash does.

yeah, good point on that part. I guess it wouldn't only be the purpose of mixing but an option for people to use the mixing feature? just curious

Adding Masternodes would compromise Monero's anonymity not increase it so you are extolling the virtues of a poor idea thats only reason for being is to increase holders coins and facilitate P&D's.

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May 25, 2018, 04:55:38 AM
 #39283

I see now. That's because of the current structure, right?
I wonder if Monero will launch a Masternode?

Look at the limited amount of coins being supported by SetupMasternodes.com
and they're looking to support Quality Masternode based coins.

XMR team is solid, and hopes it can get it going with a MN

Why would XMR really need Masternodes? XMR certainly doesn't need to attempt to make this coin more anonymous by mixing them like Dash does.

yeah, good point on that part. I guess it wouldn't only be the purpose of mixing but an option for people to use the mixing feature? just curious

Adding Masternodes would compromise Monero's anonymity not increase it so you are extolling the virtues of a poor idea thats only reason for being is to increase holders coins and facilitate P&D's.

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May 25, 2018, 05:44:55 AM
 #39284

I wonder if Monero will launch a Masternode?

Look at the limited amount of coins being supported by SetupMasternodes.com
and they're looking to support Quality Masternode based coins.

XMR team is solid, and hopes it can get it going with a MN

Why would XMR really need Masternodes? XMR certainly doesn't need to attempt to make this coin more anonymous by mixing them like Dash does.

yeah, good point on that part. I guess it wouldn't only be the purpose of mixing but an option for people to use the mixing feature? just curious

Adding Masternodes would compromise Monero's anonymity not increase it so you are extolling the virtues of a poor idea thats only reason for being is to increase holders coins and facilitate P&D's.
I see now. That's because of the current structure, right?

Yes, in order for a Masternode to work, it needs to somehow relay to the network that a certain input indeed has enough collateral. The network also needs to know the IP or Onion routing address of your Masternode. The ring signatures and the cryptonote protocol basically makes it impossible to determine exactly where the outputs/inputs belong unless you have the viewing key. I suppose that it is possible to somehow get Masternodes or any other proof of stake scheme to work without having to reveal to the entire network that this input/output belongs to a certain address. I'm sure there are a few shitcoins out there that have tried. I must admit that I haven't done enough research to know if their work around truly leaves the stake holder's/ Masternode holder's inputs/outputs anonymous.

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May 25, 2018, 08:14:45 AM
 #39285

I wonder if Monero will launch a Masternode?

Look at the limited amount of coins being supported by SetupMasternodes.com
and they're looking to support Quality Masternode based coins.

XMR team is solid, and hopes it can get it going with a MN

Why would XMR really need Masternodes? XMR certainly doesn't need to attempt to make this coin more anonymous by mixing them like Dash does.

yeah, good point on that part. I guess it wouldn't only be the purpose of mixing but an option for people to use the mixing feature? just curious

Adding Masternodes would compromise Monero's anonymity not increase it so you are extolling the virtues of a poor idea thats only reason for being is to increase holders coins and facilitate P&D's.

I think the current mixing process is very good. NO need for the master nodes.
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May 25, 2018, 08:56:50 AM
 #39286

Hello Monero believers,

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It would be really great help from your side if you can spend 60 seconds of your time and give us your valuable feedback for our two recent updates 1) Snapshot and 2) Colourful interface of Monero at: https://cointopper.com/coin/monero

Constructive criticisms are always welcome at CoinTopper.  Thank you!!
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May 25, 2018, 10:23:40 AM
 #39287

I wonder if Monero will launch a Masternode?

Look at the limited amount of coins being supported by SetupMasternodes.com
and they're looking to support Quality Masternode based coins.

XMR team is solid, and hopes it can get it going with a MN

Why would XMR really need Masternodes? XMR certainly doesn't need to attempt to make this coin more anonymous by mixing them like Dash does.

yeah, good point on that part. I guess it wouldn't only be the purpose of mixing but an option for people to use the mixing feature? just curious

Adding Masternodes would compromise Monero's anonymity not increase it so you are extolling the virtues of a poor idea thats only reason for being is to increase holders coins and facilitate P&D's.

I think the current mixing process is very good. NO need for the master nodes.

But but, masternodes increase the value of the coin, it is what monero needs these days!

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May 25, 2018, 08:14:34 PM
 #39288

I wonder if Monero will launch a Masternode?

Look at the limited amount of coins being supported by SetupMasternodes.com
and they're looking to support Quality Masternode based coins.

XMR team is solid, and hopes it can get it going with a MN

Why would XMR really need Masternodes? XMR certainly doesn't need to attempt to make this coin more anonymous by mixing them like Dash does.

yeah, good point on that part. I guess it wouldn't only be the purpose of mixing but an option for people to use the mixing feature? just curious

You can always mix your monero any time by sending to your own address. Set mixin to the number of mix partners that you want.

To the experts out there who just stuck their fingers in the air, I know that there are distinctions but it's true enough for government work.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
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May 25, 2018, 08:47:57 PM
 #39289

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.
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May 25, 2018, 10:52:44 PM
 #39290

Will Monero use a separate seed on Ledger? Or will it share the seed that the ledger uses by default

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May 26, 2018, 12:53:40 AM
 #39291

Will Monero use a separate seed on Ledger? Or will it share the seed that the ledger uses by default

It uses the Ledger seed.
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May 26, 2018, 02:16:45 AM
 #39292

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Is that the reason why XMR price dropped in recent days? In my knowledge, almost of MN coins often drastically drop in the long-run.

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May 26, 2018, 02:38:58 AM
 #39293

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Is that the reason why XMR price dropped in recent days? In my knowledge, almost of MN coins often drastically drop in the long-run.

Please use the Monero Speculation thread https://bitcointalk.org/index.php?topic=753252.msg38573503#msg38573503 for price discussions. I will respond there.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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May 26, 2018, 03:38:45 AM
 #39294

The good thing about Monero is that the privacy of the sender and the receiver in case of Monero blockchain is maintained by ring signatures. The role of the ring signatures is to combine the user’s account keys with the public keys received from the Monero blockchain. This way the outsiders cannot link a user to a signature.
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May 26, 2018, 05:54:50 AM
 #39295

The good thing about Monero is that the privacy of the sender and the receiver in case of Monero blockchain is maintained by ring signatures. The role of the ring signatures is to combine the user’s account keys with the public keys received from the Monero blockchain. This way the outsiders cannot link a user to a signature.

by default, monero offer superior privacy compared to other coins, like verge,zcash, etc...and the team backing monero vow to take privacy very seriously, thus building their creditability

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May 26, 2018, 12:46:31 PM
 #39296

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Actually no, I would rather hold Eth than a XMR that had Masternodes. Lol at least I would have no qualms about dumping it. Smiley


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raoulsergia
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May 26, 2018, 05:18:09 PM
 #39297

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Actually no, I would rather hold Eth than a XMR that had Masternodes. Lol at least I would have no qualms about dumping it. Smiley



LOL why will XMR implement master nodes? Thats the oddest discussion
I dont think any masternode coin has been successful (not just a pump but real adoption)... its just some cool thingy but not so much anymore lol

Auponef
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May 26, 2018, 08:10:21 PM
 #39298

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Actually no, I would rather hold Eth than a XMR that had Masternodes. Lol at least I would have no qualms about dumping it. Smiley



LOL why will XMR implement master nodes? Thats the oddest discussion
I dont think any masternode coin has been successful (not just a pump but real adoption)... its just some cool thingy but not so much anymore lol

At least Monero should wait and see other coins master node scheme working or not.
Hueristic
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May 26, 2018, 08:55:50 PM
 #39299

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Actually no, I would rather hold Eth than a XMR that had Masternodes. Lol at least I would have no qualms about dumping it. Smiley



LOL why will XMR implement master nodes? Thats the oddest discussion
I dont think any masternode coin has been successful (not just a pump but real adoption)... its just some cool thingy but not so much anymore lol

At least Monero should wait and see other coins master node scheme working or not.

MONERO will NEVER have MAsternodes. Just to make that clear. Unless of course somone forks it (and then it would not be Monero anymore) and adds them which I think happened.

So I'm reiterating this just so the n00bs don't think anyone is seriously talking about it.

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cryptofoundry
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May 27, 2018, 12:12:05 AM
 #39300

Monero Mobile/Desktop Light Wallet

https://t.me/monerowalletbot



Donate XMR 4Hud7WwRP23bUjUGaiyMzyTL4taPQqziLE8phpS4dq2BThAGKMZA2SpUegJtYkbjWd2FGLqXinvYk1R XSAJB4xCVajWskc7zLdBAUXit9x

[XSF][Monero7] Fair Launch https://bitcointalk.org/index.php?topic=3249137
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