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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4648790 times)
Bitcoin Miners
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July 13, 2018, 05:38:14 PM
 #39301

I have a theoretical question.Suppose a coin (could be Monero, or could be something else) requires 20 confirmations everywhere (exchanges, merchants, whatever).  Suppose this coin also had an update that refused to accept alternate chains deeper than 19 blocks ago.  That would, in theory, kill the 51% issue, right?  What would the downsides be?
I would prefer to experience my transactions with longer confirmations because the transactional procedures will become more secure and can better prevent Replay Attacks, Double Spend Attacks.


Faster transaction speeds are not always means it's better and can bring more secured transactional services for users.

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July 14, 2018, 12:40:02 AM
 #39302

I have a theoretical question.Suppose a coin (could be Monero, or could be something else) requires 20 confirmations everywhere (exchanges, merchants, whatever).  Suppose this coin also had an update that refused to accept alternate chains deeper than 19 blocks ago.  That would, in theory, kill the 51% issue, right?  What would the downsides be?

Which scam fork you asking this for? Smiley


thx, any critical reason to update or is this a scheduled one?

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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July 14, 2018, 03:54:53 AM
 #39303

I brought some XMR on April, which is nearly the highest price of it. Since than, the price keep drop and it ready drop like nearly 33%. Now I have been waiting for like 4 months and the surge of XMR still haven't come.....
Now price of XMR now hitting near the lowest, should I buy some or just wait for the price tol drop?

We're nowhere near "the lowest". Just last year, Monero was trading at $37.

I know what you mean, but I don't think the Monero can go back to $37 as the bitcoin price still have $6xxx. To me, I really wish the price will go up, so I can sell my Monero and earn some money....

Patience is a virtue man, as i can see on the chart the price of monero haggles from $0.5 to $2 for over two years! maybe the same thing will happen, it will have a sideways for a year or two between $50 - $200 before breaking out again.
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July 14, 2018, 08:30:31 AM
 #39304

I have a theoretical question.Suppose a coin (could be Monero, or could be something else) requires 20 confirmations everywhere (exchanges, merchants, whatever).  Suppose this coin also had an update that refused to accept alternate chains deeper than 19 blocks ago.  That would, in theory, kill the 51% issue, right?  What would the downsides be?

Which scam fork you asking this for? Smiley


thx, any critical reason to update or is this a scheduled one?

I guess it would be prudent to upgrade if you're affected by the time-out issue.

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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July 14, 2018, 01:53:54 PM
 #39305

I have a theoretical question.Suppose a coin (could be Monero, or could be something else) requires 20 confirmations everywhere (exchanges, merchants, whatever).  Suppose this coin also had an update that refused to accept alternate chains deeper than 19 blocks ago.  That would, in theory, kill the 51% issue, right?  What would the downsides be?

20 confirmations is 40 minutes. That seems a lot for a payment.

What is an alternative chain and what is real chain? Both are real and both are alternative. Miners will decide which is real.  I see only a problems if you limit that they need to decide in less then 19 blocks.  Basically you take final decision out of their hands.

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July 14, 2018, 02:45:41 PM
 #39306

I have a theoretical question.Suppose a coin (could be Monero, or could be something else) requires 20 confirmations everywhere (exchanges, merchants, whatever).  Suppose this coin also had an update that refused to accept alternate chains deeper than 19 blocks ago.  That would, in theory, kill the 51% issue, right?  What would the downsides be?

Which scam fork you asking this for? Smiley


thx, any critical reason to update or is this a scheduled one?

I guess it would be prudent to upgrade if you're affected by the time-out issue.

thx, I wasn't sure if it was just this. I noticed it didn't happen if I kept focus on the console itself. Just wanted to make sure there wasn't and DB breaking issues as I had a corruption issue I dealt with for awhile but didn't see a bug fix on that. Just bad timing for me on that I guess.

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The following critical bugs that were present in CLI v0.12.2.0 are fixed in CLI v0.12.3.0:

    The time-out issue (i.e. wallet not able to connect to daemon upon creating a transaction or wallet disconnecting during wallet refresh (with either a remote node or a local node))

In addition to aforementioned salient bug fixes, there are a lot of small bug fixes and improvements.

Quote
20 confirmations is 40 minutes. That seems a lot for a payment.

What is an alternative chain and what is real chain? Both are real and both are alternative. Miners will decide which is real.  I see only a problems if you limit that they need to decide in less then 19 blocks.  Basically you take final decision out of their hands.

Or you could fork ASICs back in because you cannot figure out your dif adjustment, theoretically. Smiley

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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July 14, 2018, 03:36:50 PM
 #39307

Gratz on heroing, Hairy! I've missed the exact post - too much going on too fast here.

Thanks Eddie.  I need to acknowledge Bones, Infofront and JJG for pushing me through the 500 merit barrier.

In other news the Chinese police have cracked a $1 billion World Cup crypto gambling ring.

https://www.theverge.com/2018/7/13/17569006/world-cup-gambling-ring-china-police-cryptocurrency

SHUM

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July 15, 2018, 07:40:29 AM
 #39308

I have a theoretical question.Suppose a coin (could be Monero, or could be something else) requires 20 confirmations everywhere (exchanges, merchants, whatever).  Suppose this coin also had an update that refused to accept alternate chains deeper than 19 blocks ago.  That would, in theory, kill the 51% issue, right?  What would the downsides be?

Which scam fork you asking this for? Smiley


thx, any critical reason to update or is this a scheduled one?

I guess it would be prudent to upgrade if you're affected by the time-out issue.

thx, I wasn't sure if it was just this. I noticed it didn't happen if I kept focus on the console itself. Just wanted to make sure there wasn't and DB breaking issues as I had a corruption issue I dealt with for awhile but didn't see a bug fix on that. Just bad timing for me on that I guess.

Quote
The following critical bugs that were present in CLI v0.12.2.0 are fixed in CLI v0.12.3.0:

    The time-out issue (i.e. wallet not able to connect to daemon upon creating a transaction or wallet disconnecting during wallet refresh (with either a remote node or a local node))

In addition to aforementioned salient bug fixes, there are a lot of small bug fixes and improvements.

Quote
20 confirmations is 40 minutes. That seems a lot for a payment.

What is an alternative chain and what is real chain? Both are real and both are alternative. Miners will decide which is real.  I see only a problems if you limit that they need to decide in less then 19 blocks.  Basically you take final decision out of their hands.

Or you could fork ASICs back in because you cannot figure out your dif adjustment, theoretically. Smiley

There was a bug that resulted in the daemon not syncing in "safe-mode" (which hardens against blockchain corruptions) once it was fully synced. I am not entirely sure in which v0.12 version it was fixed though.

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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July 15, 2018, 04:54:31 PM
 #39309

Monero is rolling out new updates like christmas presents, love it!
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July 15, 2018, 05:04:18 PM
 #39310


There was a bug that resulted in the daemon not syncing in "safe-mode" (which hardens against blockchain corruptions) once it was fully synced. I am not entirely sure in which v0.12 version it was fixed though.

Thx. Smiley

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July 15, 2018, 06:03:23 PM
 #39311

"The first audit (by Kudelski Security) of Monero compatible Bulletproofs has, bearing a few minor issues, been successfully completed!"

https://twitter.com/monero/status/1018523174881890306

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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July 15, 2018, 09:01:24 PM
 #39312

"The first audit (by Kudelski Security) of Monero compatible Bulletproofs has, bearing a few minor issues, been successfully completed!"

https://twitter.com/monero/status/1018523174881890306

Doing everything right way the bulletproofs will barely catch Septembers Monero protocol upgrade. That is why it was so silly to me personally to keep postponing Aprils upgrade with hopes to include bulletproofs back then.

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July 16, 2018, 01:01:19 AM
 #39313

https://www.zerohedge.com/news/2018-07-14/bitcoiners-slam-calls-crypto-crackdown-after-latest-russia-probe-indictments

SHUM

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July 16, 2018, 01:42:44 AM
 #39314


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the crypto industry needs to step their game up.

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A surprising amount of space in the legal document was dedicated to recounting how the subjects of the indictment made their bitcoin payments and even mined bitcoin to help finance the operation.

Do you suppose if a terrorist found a lump of gold on the ground, picked it up, and used it to buy weapons, the government would tell gold users and gold miners the world over that they need to "step up their game"?

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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July 16, 2018, 02:52:32 AM
Last edit: July 17, 2018, 10:21:21 AM by Hueristic
 #39315


Quote
the crypto industry needs to step their game up.

Quote
A surprising amount of space in the legal document was dedicated to recounting how the subjects of the indictment made their bitcoin payments and even mined bitcoin to help finance the operation.

Do you suppose if a terrorist found a lump of gold on the ground, picked it up, and used it to buy weapons, the government would tell gold users and gold miners the world over that they need to "step up their game"?

[FUCK everything I typed got deleted dammit. Had Lazarus disabled. So lets type this again with Lazarus Addon enabled...]

It is obvious to anyone that has half a brain that they are using this and anything else they can drum up to make a case against something they cannot control. Once they have control they will be extolling the virtues of crypto (that track you and will be tied to you), and I doubt that day is far off. That is why the masses need to realize they need a fungible currency to truly be free from their own Governments shackles. I see the day your SSN/government issued ID and wallet are all the same and it will be illegal to use anything other than that.


The Gov is interested in one thing and that is Control and to keep it they will use any argument to get to that end. All else is secondary and if they need to use a save the children spectacle to do it they will.

ADDED: I support the kinderguardians program LOL

https://youtu.be/QkXeMoBPSDk?t=86

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July 17, 2018, 09:10:05 AM
 #39316

Privacy Coin Monero Successfully Completes First “Bulletproofs” Audit
https://www.ccn.com/privacy-coin-monero-successfully-completes-first-bulletproofs-audit/
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July 17, 2018, 09:28:19 PM
 #39317

Privacy Coin Monero Successfully Completes First “Bulletproofs” Audit
https://www.ccn.com/privacy-coin-monero-successfully-completes-first-bulletproofs-audit/

Great News!!!   "Monero’s developers have been working on various new features meant to improve the privacy-oriented currency. One of the developments to keep an eye on goes by the name of Bulletproofs. This particular feature has proven difficult to integrate, although an initial security audit byKudelski Security shows the implementation is going according to plan."
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July 18, 2018, 08:49:51 AM
Last edit: July 18, 2018, 09:15:00 AM by pönde
 #39318

Is there any anynomous xmr/btc exchange?
This is not running at the moment https://xmr.to/.
When will it be back on?

Shapeshift used to have https://shapeshift.io/legacy/?pair=BTC_XMR
but it is out of order also.
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July 18, 2018, 10:45:26 AM
 #39319

Is there any anynomous xmr/btc exchange?
This is not running at the moment https://xmr.to/.
When will it be back on?

Shapeshift used to have https://shapeshift.io/legacy/?pair=BTC_XMR
but it is out of order also.

We have anonymous xmr/btc exchange.
Even anonymous usd/xmr, or usd/btc is possible.
We do also EURO but only to 50,000 EUR per account.
USD exchange have no limits in money and no KYC.
No questions asked.
And anonymous BTC Visa ATM card of course.

https://exba.se
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July 18, 2018, 11:05:56 AM
 #39320

Is there any anynomous xmr/btc exchange?
This is not running at the moment https://xmr.to/.
When will it be back on?

Shapeshift used to have https://shapeshift.io/legacy/?pair=BTC_XMR
but it is out of order also.

We have anonymous xmr/btc exchange.
Even anonymous usd/xmr, or usd/btc is possible.
We do also EURO but only to 50,000 EUR per account.
USD exchange have no limits in money and no KYC.
No questions asked.
And anonymous BTC Visa ATM card of course.

https://exba.se


That looks good.

Is there any list of the fees for each transaction/exchange? I guess they are a little higher since you have such a demanded service?

About the BTC ATM card. Who delivers it to me? You? Or I has to have it from my bank? I just transact some XMR, BTC or LTC to exba.se to fund my card, then I can use card on some local ATM to withdraw EURO, or use the card on a some local store to buy some stuff and food?
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