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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4625967 times)
florida.haunted
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July 26, 2018, 08:37:51 AM
Merited by iCEBREAKER (2)
 #39381

Anyone have any thoughts about the survival of privacy coins once crypto's like Coval/Emblem, Cardano, etc perfect the side chain transfers?  Seems like they are very close.  If you can transfer funds, files, etc and all the info is burnt ounce accepted, why would you need Verge, Monero, etc?

First I need to emphasize one more time, real world business is not possible without private transactions. You can prove it easily by taking a glance to the banks, merchants, etc and how they work in details. Today, virtually all the money transfers in the real world are private. Of course, you can easily discuss the Quality of that privacy and find it very poor. But you can't contradict the notion of the privacy itself being used in real world money transfers:

- When you pay by the paper bank notes or metal coins for a Big Mac in McDonalds, your transfer is private because nobody asks your citizen ID.
- When you pay by credit card for a car in Mercedes store, your transfer is private for all the world except store workers and bank workers that must keep your transaction the secret, unless special defined law conditions will be violated.
- Even huge merchants like Amazon don't upload their detailed transaction history to a public domain, they just need to generate reports to the narrow social institutes like tax department, club of shareholders, etc. Note Donald Trump hasn't declared his tax payments at all and he become the US president easily.
- And so on.

OPPOSITE TO THE REAL MONEY WORLD, MOST CRYPTOCURRENCY BLOCKCHAIN TECHNOLOGIES ARE NOT PRIVATE, BUT RATHER COMPLETELY TRANSPARENT! COMPLETELY!

How do you think, could most blockchain technologies be applied to transfer money in the real world?! Of course, No! They could be used for thousands of things, EXCEPT the money transfers! There are more and more people begin to undersand that real business aspect, for example:
https://themarketmogul.com/monero-cryptocurrency/

Monero, from the other hand, is THE ONLY cryptocurrency among large ones, that has BLOCKCHAIN COMPLETELY PRIVATE WITHOUT A BIT OF TRANSPARENCY. Other 'privacy' coins are just compromises that built around notion of privacy.

Even ZCash & zk-snark algorithm that relies on initial trust to generate genesis blockchain parameters that hide the rest of blockchain, it is the compromise. In other words, in ZCash you must trust the developers whether they generated initial parameters secretly, didn't say them to the side person, and burnt them out forever. Also ZCash is not private by default like Monero, and if you transfer money between ZCash's stealth and public addresses, you lost the anonymity quickly. That vulnerabilities of ZCash were discussed on the Internet widely and you'll google them easily. I don't even speak about other Monero "competitors" like Dash, because Dash is nothing more than a children sandbox, in terms of strict privacy. They just have famous PR team.

So you can see, Monero is the only transfer system that offers perfect privacy without you need to trust to anybody.

"...If you can transfer funds, files, etc and all the info is burnt ounce accepted..."

- I answer: side chains, lightning networks, etc. NEED YOU MUST TRUST to the side agents, so the quality of the privacy achieved is not greater than quality of bank workers that say they keep you money secrets.

Furthermore, in terms of side chains, assets trade, smart contracts, etc., Monero introduces Tari:
https://www.reddit.com/r/Monero/comments/8lgvw4/introducing_tari_a_decentralised_assets_protocol/


I hope, you, read my post, will see the transparent blockchains in the very, very different light that ever before.
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July 26, 2018, 11:58:58 AM
 #39382


  First XMR block found!!! Congratulations and Thankyou all!!

   https://xmr.minercountry.com/#pool_blocks

goldart
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July 26, 2018, 01:10:07 PM
 #39383

It's apparent XMR happens to be only thing here that suits anarcho-capitalist, so normally it draws people who have such inclination. I'd be surprised to see another thing. In fact, maybe it's even more extreme. I wouldn't dismiss even there have been not a big quantity of responders. Though I must say, I've a conservative inclination
I very confident with the future of XMR, for me this is one of the best coins. Monero is one of the last projects that is continuing the vision of decentralization.
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July 26, 2018, 03:40:43 PM
 #39384

Monero Mining Pool by HeroMiners


Pool Url: https://monero.herominers.com/


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Discord Channel: https://discord.gg/gvWSs84
Save your Hashrate!
dEBRUYNE
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July 26, 2018, 08:15:59 PM
Last edit: July 26, 2018, 08:30:20 PM by dEBRUYNE
 #39385

GUI v0.12.3.0 (with direct Ledger support) released!

https://reddit.com/r/Monero/comments/925q5m/gui_v01230_with_direct_ledger_support_released/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
Globb0
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July 27, 2018, 09:02:54 AM
 #39386

the side chain transfers?  Seems like they are very close.  If you can transfer funds, files, etc and all the info is burnt ounce accepted, why would you need Verge, Monero, etc?

- I answer: side chains, lightning networks, etc. NEED YOU MUST TRUST to the side agents

Further more when you realise your money is gone in a side chain, what evidence do you have to show it? nothing if the info has all been "burnt" as you put it


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Hueristic
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July 27, 2018, 11:47:35 AM
 #39387

Thanks for latest upgrade which has directly Ledger supports, and very detailed guides for upgrading wallets.
By the way, the historical price chart of XMR shows that the coin might bounce considerably back if it hits around $90.
Of course, I wish XMR will not drop deeply to that point. ^^
https://coinmarketcap.com/currencies/monero/

History tells me it will hit $500 again. Nothing has changed except TPTB taking profit from the scene, this will be replaced and all the caps of sound projects will return.
My guess is 1Q19.

Maybe you could give us a rundown of your crystal ball?

start the art
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July 27, 2018, 06:39:48 PM
Merited by bones261 (2)
 #39388

Dont be down on Monero,it is down for sure....but get yourself MONERO ATTACK and get up and enjoy




tflux99
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July 28, 2018, 07:41:37 PM
 #39389

anyone know of a guide for storing Monero on the nano s? what's wrong with my xmrig? "connection reset by peer"

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sysOS
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July 28, 2018, 07:53:17 PM
 #39390

finally managed to get daemon connected. synchronizing now. anyone have any links for CLI commands? want to receive xmr on ledger via CLI

tuandl
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July 29, 2018, 09:36:12 AM
 #39391

Monero will hit that point, at some day in the future. No one knows when it hit such high prices.
We all have to wait patiently to see it happened. Hope that it will occur this year, not in 2019.
When right time come, when growth period of the whole crypto market, especially altcoins, come; Monero will hit its new all time highs, not only reach $500.
It is mainly because the whole crypto ecosystem has been on the growth period

Eventually, Monero has had direct support for Ledger.
dEBRUYNE
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July 29, 2018, 09:36:33 AM
 #39392

finally managed to get daemon connected. synchronizing now. anyone have any links for CLI commands? want to receive xmr on ledger via CLI

See:

https://getmonero.org/resources/user-guides/monero-wallet-cli.html

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
Hueristic
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July 29, 2018, 03:34:33 PM
 #39393

rechecking:

Meh google failure to properly search monero.

works now

https://trends.google.com/trends/explore?q=monero#TIMESERIES


cryptonote-social
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July 30, 2018, 01:11:49 AM
 #39394

The goal of predictable solo mining is to provide an entire block's reward to a miner as soon as it computes a number of hashes equal to network difficulty. Of course it's impossible to provide any such guarantee given that mining is a random process: for pure solo mining the network difficulty reflects only the average number of hashes you might have to perform. The actual number can be 2x, 3x, 4x or even more, making solo mining far too risky for most.

The good news is that through leveraging the mining power of multiple miners, we can come pretty close to this ideal of awarding 1 full block's reward when number of hashes equals difficulty. Ethpool was the first pool to promote this concept, and it works quite well judging by its popularity: it contributes well over 2 TH/s of hashpower to the Ethereum network (see https://miningpoolstats.stream/ethereum).

Over at https://cryptonote.social we've been experimenting with predictable solo mining for both Monero and Wownero. In the process, we've identified room for improvement in Ethpool's PSOLO scheme, and have implemented an updated payment scheme we call PSOLO2. The main difference with PSOLO2 is a full block's reward always "costs" exactly the network difficulty value instead of the number of credits from the runner-up miner. This improves predictability of payouts and eliminates some of the known flaws in Ethpool's scheme.

Interested in giving predictable solo mining a shot without a big investment of hashpower? We recommend you check out our Wownero pool: https://cryptonote.social/wow

The network difficulty for Wownero is right around 80M, which means you can mine a full block's rewards in about 2 hours with 10 kh/s of hashpower. In fact as of right now there are 2 3 mined blocks already confirmed and sitting in the queue waiting for any miner to hit the network difficulty target and instantly earn their rewards.

Happy mining!
Scooby903
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July 30, 2018, 08:45:24 AM
 #39395

Someone know how much monero can I mine with Radeon XFX Rx 580 8GB and Asus Strix Rx 560 4gb.
mattcode
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July 30, 2018, 09:29:46 AM
 #39396

Someone know how much monero can I mine with Radeon XFX Rx 580 8GB and Asus Strix Rx 560 4gb.

Using hashrates from monerobenchmarks.info (700 H/s for the RX 580 and 300 H/s for the RX 560), and the current network difficulty, you can mine around 0.047 XMR per week. But this can vary a lot depending on pool luck and changes in the network difficulty/block reward.

Good luck mining Smiley
romeox6x
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July 30, 2018, 08:03:59 PM
 #39397

what I get while i don't possess my Ledger NanoS attached and looking to create/use a Ledger centered monero key. Shouldn't understand this if you your Ledger attached and the Monero application installed on the Ledger via the Ledger Live Supervisor, and authorize export of your type in the Ledger's Monero app.
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July 31, 2018, 01:06:25 AM
Last edit: July 31, 2018, 01:41:03 AM by Graglor
 #39398

Anyone have any thoughts about the survival of privacy coins once crypto's like Coval/Emblem, Cardano, etc perfect the side chain transfers?  Seems like they are very close.  If you can transfer funds, files, etc and all the info is burnt ounce accepted, why would you need Verge, Monero, etc?

First I need to emphasize one more time, real world business is not possible without private transactions. You can prove it easily by taking a glance to the banks, merchants, etc and how they work in details. Today, virtually all the money transfers in the real world are private. Of course, you can easily discuss the Quality of that privacy and find it very poor. But you can't contradict the notion of the privacy itself being used in real world money transfers:

- When you pay by the paper bank notes or metal coins for a Big Mac in McDonalds, your transfer is private because nobody asks your citizen ID.
- When you pay by credit card for a car in Mercedes store, your transfer is private for all the world except store workers and bank workers that must keep your transaction the secret, unless special defined law conditions will be violated.
- Even huge merchants like Amazon don't upload their detailed transaction history to a public domain, they just need to generate reports to the narrow social institutes like tax department, club of shareholders, etc. Note Donald Trump hasn't declared his tax payments at all and he become the US president easily.
- And so on.

OPPOSITE TO THE REAL MONEY WORLD, MOST CRYPTOCURRENCY BLOCKCHAIN TECHNOLOGIES ARE NOT PRIVATE, BUT RATHER COMPLETELY TRANSPARENT! COMPLETELY!

How do you think, could most blockchain technologies be applied to transfer money in the real world?! Of course, No! They could be used for thousands of things, EXCEPT the money transfers! There are more and more people begin to undersand that real business aspect, for example:
https://themarketmogul.com/monero-cryptocurrency/

Monero, from the other hand, is THE ONLY cryptocurrency among large ones, that has [Suspicious link removed]PLETELY PRIVATE WITHOUT A BIT OF TRANSPARENCY. Other 'privacy' coins are just compromises that built around notion of privacy.

Even ZCash & zk-snark algorithm that relies on initial trust to generate genesis blockchain parameters that hide the rest of blockchain, it is the compromise. In other words, in ZCash you must trust the developers whether they generated initial parameters secretly, didn't say them to the side person, and burnt them out forever. Also ZCash is not private by default like Monero, and if you transfer money between ZCash's stealth and public addresses, you lost the anonymity quickly. That vulnerabilities of ZCash were discussed on the Internet widely and you'll google them easily. I don't even speak about other Monero "competitors" like Dash, because Dash is nothing more than a children sandbox, in terms of strict privacy. They just have famous PR team.

So you can see, Monero is the only transfer system that offers perfect privacy without you need to trust to anybody.

"...If you can transfer funds, files, etc and all the info is burnt ounce accepted..."

- I answer: side chains, lightning networks, etc. NEED YOU MUST TRUST to the side agents, so the quality of the privacy achieved is not greater than quality of bank workers that say they keep you money secrets.

Furthermore, in terms of side chains, assets trade, smart contracts, etc., Monero introduces Tari:
https://www.reddit.com/r/Monero/comments/8lgvw4/introducing_tari_a_decentralised_assets_protocol/


I hope, you, read my post, will see the transparent blockchains in the very, very different light that ever before.


Thanx for the reply, and sorry to be so late replying myself.  Was out of town for a few weeks with spotty reception.
  You seem very educated with this coin.  Makes sense.  I didn't know how deep this went.  PM sent.
GayEddie
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July 31, 2018, 01:54:49 AM
 #39399

Where can i go to read the latest news and update please
Xantrax
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July 31, 2018, 11:44:28 AM
 #39400

do you connect via monero CLI client? my orders got filled and now i feel like an idiot unable to figure out how to move my xmr to the ledger
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