Bitcoin Forum
January 20, 2025, 05:00:35 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 [1990] 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 ... 2126 »
  Print  
Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4671940 times)
florida.haunted
Full Member
***
Offline Offline

Activity: 243
Merit: 125


View Profile
October 02, 2018, 08:49:53 PM
 #39781

This conversation says many things and I for one like what I'm reading. Smiley

Quote
[08:27:03] <hyc> I thought this randomJS PoW idea was pretty cool when I came up with it, but rrol makes it sound 100x cooler
[08:27:32] <-- sgp_1 (~justi@50-202-180-242-static.hfc.comcastbusiness.net) has left #monero-research-lab
[08:28:32] --> sgp_ (~justi@50-202-180-242-static.hfc.comcastbusiness.net) has joined #monero-research-lab
[08:30:01] <gmaxwell> hyc: that kind of approach has been totally busted whenever I've seen it suggested before (going back to 2012 at least).  To mine it you can just throw out any nonces that choose code which isn't super trivial to execute.
[08:30:40] <gmaxwell> generally one of the needed properties for a good POW is that every instance is equivlently hard to execute under the most optimized execution model.
[08:30:51] <-- muff1nman (~irccc@75-166-29-132.hlrn.qwest.net) has quit (Quit: No Ping reply in 180 seconds.)
[08:32:14] <hyc> yes but - how complex is the code that determines "super trivial" ?
[08:33:06] <hyc> the code generator is being fine tuned to keep all the generated code within X +/- 10ms execution time
[08:33:14] <endogenic> hyc: what changes could be made to randomjs if it turns out some aspects of it have been implemented in hardware?
[08:33:20] <andytoshi> i'd expect it to do template-matching and to take single-digit numbers of nanoseconds
[08:33:24] --> muff1nman (~irccc@75-166-29-132.hlrn.qwest.net) has joined #monero-research-lab
[08:34:26] <hyc> andytoshi: I doubt that very much. particularly since the generated code includes exec("") invocations with more randomly generated code.
[08:34:46] <hyc> it will require actually executing JS, there is no getting around that.
[08:34:53] <gmaxwell> famous last words
[08:36:08] <hyc> the number of permutations is astronomical. template matching for all of that?
[08:36:23] <hyc> no matter what optimizations, the required circuitry will be a lot bigger than a cryptonight ASIC
[08:36:42] <hyc> larger chip area, higher power, lower efficiency ratio.
[08:39:34] <hyc> how are you going to optimize the instruction pointer? you'll need a CPU-style branch predictor
[08:40:01] <endogenic> not sure that reasoning holds when we have big industry players with an incentive and the facilities to produce a JS chip
[08:40:12] <hyc> endogenic: that's still a win.
[08:40:14] <endogenic> but i'm no expert of this..
[08:40:16] <andytoshi> hyc: this really really sounds like something people could find shortcuts for
[08:40:24] <endogenic> it's not necessarily a win if we don't have as much flexibility to change it later
[08:40:26] <hyc> if a JS chip becomes commoditized, everyone wins
[08:40:26] <andytoshi> and cheaply-identifiable weak subsets
[08:41:18] <hyc> andytoshi: I don't see how the code analysis could be significantly cheaper
[08:42:16] <hyc> look at the state of the art in code analysis tools today, like Coverity or Veracode. totally riddled with false positives and bogus results.
[08:42:37] <hyc> and that's for a language like C with just a small set of keywords and semantics
[08:43:09] --> doubletwist25 (~doubletwi@41.218.203.121) has joined #monero-research-lab
[08:44:51] <andytoshi> right, so critically you don't care about false negatives here (within reason), nor do you care about the depth of analysis you'd need to do useful static analysis for logic bugs
[08:45:04] <andytoshi> also C is mostly UB
[08:45:22] <andytoshi> so it's not immediately obvious to me that it'd be easier to reason about than js
[08:47:04] <hyc> essentially you're talking about writing a decompiler to turn the generated syntax tree into macro-ops
[08:47:36] <hyc> and somehow setting up a lookup table that can direct flow to various template handlers
[08:48:06] <-- valentinbuza_ (~valentinb@unaffiliated/valentinbuza) has quit (Ping timeout: 252 seconds)
[08:48:12] <hyc> it would still be an interpreter for a tokenized language, you're just saying some of the tokens can be macro scale
[08:48:16] <andytoshi> yes. and if you can do that in .1% the time it takes to actually execute the code, but this only works .1% of the time, then you're set
[08:48:28] <andytoshi> and the other 99.9% of the time you just reject the nonce
[08:49:00] <hyc> that's self-defeating, since the winning nonce is 99.9% more likely to be in the code sequences you rejected.
[08:49:36] <gmaxwell> andytoshi: thats exactly how I broke the first proshares pow. several orders of magitude speedup.
[08:50:00] <andytoshi> hyc: there is no "the winning nonce", just some proportion of nonces that lead to a valid pow
[08:50:01] <gmaxwell> hyc: "the winning nonce" sounds like a common fundimental misunderstanding of POW.
[08:50:42] <-- doubletwist25 (~doubletwi@41.218.203.121) has quit (Ping timeout: 272 seconds)
[08:50:43] <hyc> eh? the final result must have bytes XXXX lower than difficulty.
[08:50:45] <gmaxwell> Mining is a 'find the needled in a haystack problem' it's a 'find a shorter than usual straw in a pile of straw' problem.
[08:51:07] <gmaxwell> hyc: there are an effectively infinite number of such solutions.
[08:51:21] <andytoshi> there will be 999 times as many winning nonces that i skip than there are nonces that i don't skip, sure (assuming a uniform distribution)
[08:51:36] <andytoshi> but that's fine because i spend so much less time on skipped nonces than non-skipped ones
[08:52:27] <gmaxwell> I'd suggest reading the equihash paper on the description of what it takes to be a good POW.  (not that equihash is particularly good, but the authors had a good understanding of what was required-- they just had incorrect beliefs about how hardware worked)
[08:52:53] <hyc> for a given block hash there is only a small number of valid nonces
[08:53:24] <hyc> hm, I've read the equihash paper, yes.
[08:53:38] <gmaxwell> hyc: the mining process doesn't just change the small nonce field, if it did, it would be unacceptably likely to be stuck and never be able to find a solution.
[08:53:56] <gmaxwell> If you don't find a solution in your nonce field search you just move on to a larger space.
[08:54:08] <hyc> for a given block hash, it is true that there may be no solution.
[08:54:25] <andytoshi> you mean, "for a given blockheader sans nonce"
[08:54:30] <hyc> yes
[08:54:39] <andytoshi> but you can change other parts of the block header
[08:54:51] <gmaxwell> right, so it's wrong to think in trms of "only a small number of valid nonces".
[08:54:51] <andytoshi> and you have to in e.g. bitcoin where the actual "nonce" field is only 32 bits
[08:55:09] <hyc> you can change the timestamp and you can change the mix of txns used to generate the header
[08:55:42] <moneromooo> I think you can just handwave and not care what changes, and just call it the "nonce". Close enough and doesn't change the theory.
[08:55:53] <gmaxwell> moneromooo: exactly.
[08:55:55] <hyc> but you don't know that you need to change anything unless you've already exhausted the nonce space
[08:56:03] <gmaxwell> hyc: sure, and?
[08:56:45] <gmaxwell> hyc: moneromooo's point is that because you can change other stuff, the nonce space is effectively unlimited. Yes, you compute it in two parts, but from an analysis perspective that doesn't really matter much.
[08:57:24] <moneromooo> Oh, the generated program depends on the actual nonce, right ? So you could keep the same nonce, then iterate through other stuff (like non-nonce tx_extra garbage).
[08:57:28] <gmaxwell> other than updating one part is somewhat more expensive, but since you'll do a huge number of checks on the fast to update part, the more costly part is amortized.
[08:57:36] <moneromooo> So you get to do the program analysis once.
[08:58:08] <hyc> moneromooo: the generated program depends on the entire header including nonce
[08:58:18] <hyc> you don't get to reuse any analysis
[08:58:18] <moneromooo> OK, ignore me ^_^
[08:59:02] <hyc> the header with nonce is hashed, hash result feeds PRNG.
[08:59:06] <hyc> seeds
[09:07:12] <hyc> Equihash also claims memory hardness, which again is a fast moving target. memory tech advances far more quickly than CPU speeds
[09:07:26] <hyc> It's a doomed approach from the get-go
[09:08:58] <gmaxwell> I agree it's a bad idea, but the reason you give is kinda bonkers, "memory tech advances far more quickly than CPU speeds" is just not historically true... memory has advanced much much much much much slower than cpu speeds.
[09:09:21] <hyc> capacity doubles faster than CPU speeds double.
[09:09:35] <gmaxwell> these functions are not 'capacity hard', they're bandwidth hard.
[09:09:39] <hyc> actually CPU speeds have been flat for the past few years, and are regressing now due to Meltdown
[09:10:07] <hyc> they are both - if you shrink the memory space used, the work accelerates by more than 2x
[09:10:27] <hyc> if you shrink the space *required*...
[09:11:02] <gmaxwell> also, (xkcd386) memory per dollar has advanced very slowly as well...
[09:11:35] <gmaxwell> (in recent years at least)
[09:15:17] <gmaxwell> https://people.xiph.org/~greg/temp/memoryprices.png  < I made you a graph.
[09:15:25] <gmaxwell> thats the last decade.
[09:16:58] --> valentinbuza_ (~valentinb@unaffiliated/valentinbuza) has joined #monero-research-lab
[09:17:14] --> sfhi (~sfhi@1e.94.7a9f.ip4.static.sl-reverse.com) has joined #monero-research-lab
[09:18:32] <hyc> hmmm. I think that's a result of physically destroyed fabs, not the technology trend
[09:19:30] <gmaxwell> progress on compute/$ have been MUCH better. ... as in looks kind of similar if you give the compute/$ a log scale instead of linear like in that chart.
[09:20:19] <andytoshi> fwiw memory _speed_ has still improved over the time period where $/mbyte has been stagnant
[09:20:58] <gmaxwell> andytoshi: yes, but the bandwidth improvement is still a joke compared to computing improvements.
[09:21:25] <hyc> computing cost http://image.slidesharecdn.com/jsu-feb6-2016-160206014218/95/big-data-hpc-convergence-and-a-bunch-of-other-things-18-638.jpg?cb=1454723352
[09:21:38] <hyc> storage cost http://image.slidesharecdn.com/jsu-feb6-2016-160206014218/95/big-data-hpc-convergence-and-a-bunch-of-other-things-19-638.jpg?cb=1454723352
[09:21:41] <andytoshi> i believe that, i'm more trying to justify to myself all the money i've spent on RAM, than i am trying to contribute to the conversation Wink
[09:21:48] <hyc> lol
[09:21:58] <gmaxwell> the big thing equihash authors misunderstood is that memory bandwidth limits aren't as much a fundimental property of memory as they were a fundimental property of external to chip IO.. put the memory on chip and the bandwidth goes up 100x with no other tech improvements.
[09:22:07] <hyc> storage cost declining 38%/yr, vs compute at 33%/yr.
[09:22:35] <hyc> I guess nobody told those guys about HBM
[09:22:36] <gmaxwell> storage != ram though, yes bulk storage cost overtime has historically improved better than compute.
[09:23:02] <-- muff1nman (~irccc@75-166-29-132.hlrn.qwest.net) has quit (Quit: No Ping reply in 180 seconds.)
[09:23:25] --> el00ruobuob_[m] (~el00ruobu@blabour.fr) has joined #monero-research-lab
[09:23:34] --> thelinuxguy7 (~thelinuxg@174-17-128-182.phnx.qwest.net) has joined #monero-research-lab
[09:23:37] <gmaxwell> hyc: eldyentyrell posted on the zcash github, basically pointing out package attached ram, tsvs etc... they ignored him.
[09:24:14] <hyc> such a surprising response ... ...
[09:24:22] <gmaxwell> but thats what you get when you have self appointed narrow field experts design something like that, without input from the very people who would be most responsible for optimizing it (hardware engineers).
[09:24:46] <gmaxwell> the comment has since been deleted, or I'd link to it.
[09:25:21] --> muff1nman (~irccc@75-166-29-132.hlrn.qwest.net) has joined #monero-research-lab
[09:25:27] <hyc> btw andytoshi, might be time to splurge on some more DRAM again soon https://press.trendforce.com/press/20180926-3163.html
[09:25:28] --> midipoet (uid316937@gateway/web/irccloud.com/x-phbbtmjglhzxrinb) has joined #monero-research-lab
[09:25:43] <gmaxwell> in any case, equihash guys appeared to understand what was needed, but misunderstood what hardware provided. ... still better than most altcoin pow designs, that failed in both domains.
[09:26:04] --> jwheare10 (~jwheare@85.97.10.51) has joined #monero-research-lab
[09:26:13] <andytoshi> hyc: my real struggle is that the 14in thinkpads have had motherboards capped at 32Gb for like 6 years
[09:26:33] <hyc> ah I noticed that. was looking at picking up an A485 myself
[09:26:40] <gmaxwell> andytoshi: the xeon based luggable computers will take 64. Tongue
[09:26:46] <-- thelinuxguy7 (~thelinuxg@174-17-128-182.phnx.qwest.net) has quit (Remote host closed the connection)
[09:27:09] <knaccc> Lenovo’s ThinkPad X1 Extreme: Hex-core, GTX 1050 Ti, 64GB RAM under 4 pounds
[09:27:09] <hyc> gmaxwell: so you believe memory-hardness is still a viable approach? taking on-chip memory into account?
[09:28:11] <gmaxwell> hyc: I think no one really knows. In general you can see memory hardness as a speific instance of "upfront cost hardness", and I think there are good arguments as to why "upfront cost hardness" is bad, both for POW-consensus and for password security (though for different reasons).
[09:29:09] <gmaxwell> Basically, with upfront cost hardness, you pay a lot to buy in to attack, but the amoritized cost after that is low.  So this favors first movers and parties that can run the stuff the longest before throwing it out.
[09:29:31] <gmaxwell> Proof of Purchase, instead of Proof of Work. Tongue
[09:29:36] <-- jwheare10 (~jwheare@85.97.10.51) has quit (Remote host closed the connection)
[09:29:37] <hyc> that would seem to be true even if we were in a CPU-only world
[09:29:46] <hyc> first movers just buy up the most CPUs
[09:31:51] <gmaxwell> I think trying to be cpu only, mostly, is a lost cause... for one, it's a massive subsidy for patent rights for fancy cpus rather than a fundimental cost, meaning some cpu pirate would perhaps have the best advantage.   Also no matter how 'cpu only' your function is, someone could make a mining specific cpu that strips the useless parts (like pcie busses) and uses a fair bit less power and
[09:31:51] <gmaxwell> silicon area.  maybe at best you could make the optmized hardware only 2x power efficient and 10x area efficient,  but in mining (at least) that kind of small gap guarentees the generic hardware will be driven out of business eventually.
[09:32:17] <gmaxwell> (cpu pirates, or cpu companies themselves, of course)
[09:35:29] <knaccc> don't economies of scale factor into things?
[09:35:31] <hyc> I think that's overly pessimistic. on a headless server, dedicated to mining, the ALUs will be busy 100% of the time, and external buses will be mostly idle
[09:35:43] <gmaxwell> I'm much more hopeful of the utility of fancy work functions for password security than for mining. I think for mining making specialized stuff 'merely' 2x/10x more efficient is basically useless in the long run,  but for password security, it's fine
[09:35:53] <hyc> a special purpose mining chip will still need a communications channel to get data in and out.
[09:36:09] <gmaxwell> hyc: I dunno about other things, but idle the pci-e controllers in epyc draw about 4 watts. (just as an example)
[09:36:09] <hyc> this comms channel would have about the same utilization as the buses in the server.
[09:36:55] <gmaxwell> a mining chip needs a tin can and string to get data in and out. it's just not compariable to a gbytes per second bus. Smiley
[09:37:22] <hyc> sure, but that gbytes/sec bus only blips on for a microsecond
[09:37:26] <knaccc> what's the worst that can happen if we try hyc's idea for a few Monero release cycles just to see what happens? it seems like it has so much potential
[09:37:47] <hyc> the worst thing that can happen is a few months later an ASIC shows up
[09:38:08] <knaccc> yeah and so we fork back to something else, no real damage
[09:38:48] <knaccc> or make it hybrid, so it's every 4th block or something that requires hyc's idea, and then ramp up depending on the response
[09:38:50] <hyc> the damage is if we have no fallback algorithm for the fork after that
[09:39:03] <moneromooo> The worst is that someone finds a way to speed up massively by shortcut, and 99%s the network and keeps mum.
[09:39:35] <hyc> to get 99% of the network they'd have a huge visible impact on network hashrate
[09:39:57] <gmaxwell> knaccc: it's kind of an embarassingly unsound design.
[09:40:23] <gmaxwell> so one disadvantages is that people like me start thinking monero is more like ethereum in terms of yolo design.
[09:40:28] <moneromooo> Yes, we'd certainly see. My point is that an ASIC manufacturer would have an incentive to keep the network "unaffected".
[09:40:59] <knaccc> haha yolo design, nice term
[09:41:15] <gmaxwell> (and FWIW, ethereum had proposed a similar POW,  with a RNG selecting a random circuit, and they abandoned it after it was shown to be broken by the same kind of optimizations I described)
[09:41:42] <hyc> are you talking about something before ProgPoW?
[09:42:03] <gmaxwell> yes, long before they launched.
[09:42:24] <hyc> can you point me to the discussion?
[09:42:25] <gmaxwell> the original eth hash constructed a random arithmetic circuit over 256 bit integers.
[09:43:26] --> Trieste24 (~Trieste@mx-ll-180.183.136-35.dynamic.3bb.co.th) has joined #monero-research-lab
[09:43:34] <-- Trieste24 (~Trieste@mx-ll-180.183.136-35.dynamic.3bb.co.th) has quit (Remote host closed the connection)
[09:43:51] <gmaxwell> they seem to have vanished a lot of the docs, you can see it described on this page: http://nbviewer.jupyter.org/gist/anonymous/cb53d06b837be97ebe32
[09:44:01] <hyc> thanks
[09:44:19] <gmaxwell> (hm that shows 64 bit, but I am pretty darn confident that it was 256 bit at one point, they changed it a lot)
[09:45:08] <gmaxwell> yea, that must be a later version. the first version had instructions like div and mod too.
[09:45:45] <endogenic> "the worst thing that can happen is a few months later an ASIC shows up" < you also lose however many months towards developing the old mining algo's asic resistance while miners are going to be hedging for a future switch back
[09:46:32] <hyc> the current algo is not asic-resistant at all. it is simply being changed, to break existing ASICs
[09:47:41] <hyc> this "Random Circuit" is pretty trivial
[09:48:52] <gmaxwell> It's general for all computation, so I don't think you can say it is any less 'trivial' than anything else. Additional complexity may just be obfscuation.
[09:49:23] <knaccc> Eventually, I predict all of the world's governments will issue every citizen with a unique asymmetric keypair, publish a list of all issued public keys so that the number issued is known, and then we don't need proof of work any more
[09:49:32] <gmaxwell> obfuscation*
[09:49:38] <hyc> difference between theory and practice. in theory algos X and Y may be comparable, while in practice one is far more easily implementable than another
[09:49:41] <gmaxwell> knaccc: hi, mike hearn.
[09:50:01] <knaccc> haha oh is that what he is hoping for too
[09:50:13] <gmaxwell> knaccc: "proof of passport" was a thing he wanted.
[09:50:30] <hyc> is he an book-of-revelations/mark-of-the-beast bible thumper?
[09:50:46] <knaccc> ha interesting, thanks i'll google it
[09:51:26] <hyc> that would kind of defeat the purpose of a permissionless anonymous cryptocurrency
[09:51:40] <gmaxwell> hyc: If you look at X and say it's trivial, but then we look at Y and can that Y is provably reducably to X, shouldn't that at least worry you that Y is also similarly trivial?
[09:52:02] <knaccc> hyc: the keypair would only be used for "mining", not as wallet public keys
[09:52:05] <hyc> yes, that's a valid point
[09:52:51] <hyc> I would say that since the inputs are ultimately the same, the range of permutations may also be the same.
[09:53:05] <endogenic> the monero project would have had the opportunity to learn something more about asic resistance through having the problem of having to manually tweak the algorithm..
[09:53:49] <hyc> I mean, we know that PRNGs can't create entropy. so it may all just turn out to be pointless window dressing
[09:54:28] <hyc> but the flip side of the argument is that the existing algos haven't squeezed out as many permutations as they could have
[09:56:29] <hyc> if we can say these 2^256 permutations can only be reduced to 2^32 unique templates, we've still created a problem that's much harder for an ASIC implementer
[09:58:18] <endogenic> how much harder is it for us?
[09:59:33] <hyc> with a CPU? it would be no particular disadvantage
[10:06:55] <endogenic> what changes can be made to it though?
[10:07:57] <gmaxwell> hyc: I don't agree at all.
[10:08:47] <gmaxwell> the asic implemter would look at those 2^32 unique templates, find a large subclass that a stupidly cheap to implement, implement only those, and then just make their chip reconize and abort on the others.
[10:11:24] <hyc> we could simulate this right now. modify a randomJS impl and make it abort on 90% of its inputs
[10:11:50] <gmaxwell> hyc: and be 1000x faster on the remaining 10%...
[10:12:10] <endogenic> ^
[10:12:23] <hyc> sure, we can replace it with a 10ns sleep or whatnot
[10:14:04] <hyc> hm, no, we still need it to produce a valid output for the cases it actually executes.
[10:14:14] <hyc> we'd have to slow down the regular impl isntead.
[10:16:11] <hyc> but that'd work fine. we can also vary the delay factor, and see where the breakeven point is

Hmm. What is most interesting to you? Do you have some conclusions?
elrippos friend
Full Member
***
Offline Offline

Activity: 1179
Merit: 210


only hodl what you understand and love!


View Profile
October 03, 2018, 05:13:30 AM
 #39782


I am getting a 404 on that  Shocked

Cryptomania12
Full Member
***
Offline Offline

Activity: 490
Merit: 103



View Profile
October 03, 2018, 06:05:01 AM
 #39783

For long-term investments, monero is even better than bitcoin. If cryptocurrencies go into the shadows, then Monero will be more popular than Bitcoin
Freewallet
Member
**
Offline Offline

Activity: 554
Merit: 11


View Profile WWW
October 03, 2018, 11:39:32 AM
 #39784

For some reason, I started to find much value and potential for XMR! Until then I did not have the slightest interest in this coin, but after a few weeks, everything changed suddenly! I'll be around in this thread as soon as possible to find discussions and discussions, and so on. What is the best wallet to keep XMR?
Linux CLI is best.
For android, I use monerujo (it's in the Google Play Store).
There's a shady android wallet called freewallet, or something like that.  Stay away from it.

If you have an issue with Freewallet, share more details, please, and we'll be glad to assist you in the resolution.

Freewallet, The Mobile-First Cryptowallet Developer
Learn more about Freewallet and our apps: freewallet.org
Freewallet 24/7 assistance: https://bit.ly/2rgGdRw or reach out to us directly on Facebook or by PM.
Bamsed
Member
**
Offline Offline

Activity: 120
Merit: 10


View Profile
October 03, 2018, 05:21:26 PM
 #39785

For long-term investments, monero is even better than bitcoin. If cryptocurrencies go into the shadows, then Monero will be more popular than Bitcoin

It seems the Monero will be more popular than ever for the private conscious users.
Hueristic
Legendary
*
Offline Offline

Activity: 4060
Merit: 5671


Doomed to see the future and unable to prevent it


View Profile
October 03, 2018, 06:33:23 PM
Last edit: October 03, 2018, 07:02:52 PM by Hueristic
 #39786

...

As I've stated in the past the most dangerous attack vector for monero is from the inside.

I have learned 3 things from this conversation, I will let others draw their own conclusions.

Altruistically speaking, complacency kills is a beneficent analogy.

For long-term investments, monero is even better than bitcoin. If cryptocurrencies go into the shadows, then Monero will be more popular than Bitcoin

It seems the Monero will be more popular than ever for the private conscious users.

This is an inevitability which we all adhere to but the real question is what is the timeframe going to be? Smiley




“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
Simss
Sr. Member
****
Offline Offline

Activity: 616
Merit: 250


View Profile
October 04, 2018, 01:47:23 AM
 #39787

Most of us here buy monero to use it (either to spend, o so safely store funds) not really to make money. I'm sure on certain timeframes you would make money, and on other timeframes you will lose money. I'd suggest asking questions about the project itself in order to learn about it, and not to  view it as a get rich quick scheme.
dEBRUYNE
Legendary
*
Offline Offline

Activity: 2268
Merit: 1141


View Profile
October 04, 2018, 03:05:36 PM
Merited by Globb0 (5)
 #39788

Preliminary information thread regarding the scheduled protocol upgrade of October 18

https://www.reddit.com/r/Monero/comments/9lcdme/preliminary_information_thread_regarding_the/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
Hueristic
Legendary
*
Offline Offline

Activity: 4060
Merit: 5671


Doomed to see the future and unable to prevent it


View Profile
October 04, 2018, 04:21:29 PM
 #39789

Crosspost as this really should be in this thread.

Articmine of Core on the Architecture of Monero

https://www.youtube.com/watch?v=ECqcf-Nyjmw

It seems Monero Talk took the torch from Monero Monitor now.  

When listening this podcast made me think why almost no new coin nowadays pick tail emission although thy can be totally sure they will have huge problems get consensus adding in the future.

ArcticMine makes great points and really knocked this interview out and I loved how all his answers were spot on to the core issues and he didn't mince words.


Preliminary information thread regarding the scheduled protocol upgrade of October 18

https://www.reddit.com/r/Monero/comments/9lcdme/preliminary_information_thread_regarding_the/

Thanks for this Debruyne. Smiley

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
elrippos friend
Full Member
***
Offline Offline

Activity: 1179
Merit: 210


only hodl what you understand and love!


View Profile
October 05, 2018, 04:31:17 AM
 #39790

Preliminary information thread regarding the scheduled protocol upgrade of October 18

https://www.reddit.com/r/Monero/comments/9lcdme/preliminary_information_thread_regarding_the/

Thank you  Roll Eyes Cheesy Wink

bloodchow
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
October 05, 2018, 12:27:50 PM
 #39791

Monero (XMR) could pump hard next week! 18th oct hardfork  Roll Eyes
7jaka7
Sr. Member
****
Offline Offline

Activity: 628
Merit: 276

BTC, ETH, XMR, LTC


View Profile
October 05, 2018, 01:53:09 PM
 #39792

Monero (XMR) could pump hard next week! 18th oct hardfork  Roll Eyes
Hardfork again, really?
which sort of main purposes of the coming hardfork (18th of Oct)?
If I remembered exactly, the XMR had forked months ago.
Yes, Monero community has agreed to make hardforks regularly. But they are all expected and collectively accepted by community. If you want to evolve you need to make changes.
With this fork Bulletproofs will be added which should result in lower fees and other new features. Read this https://www.reddit.com/r/Monero/comments/9igfub/what_does_the_hard_fork_on_the_18th_of_october/ to get more info.

SECURE YOUR CRYPTO ASSETS | GET SOME FREE SATOSHI'S | TRADE ON BINANCE 
Disclaimer: All links are affiliate/refferal! Thank you for using them! Smiley
Hueristic
Legendary
*
Offline Offline

Activity: 4060
Merit: 5671


Doomed to see the future and unable to prevent it


View Profile
October 05, 2018, 05:19:28 PM
 #39793

For some reason, I started to find much value and potential for XMR! Until then I did not have the slightest interest in this coin, but after a few weeks, everything changed suddenly! I'll be around in this thread as soon as possible to find discussions and discussions, and so on. What is the best wallet to keep XMR?
Linux CLI is best.
For android, I use monerujo (it's in the Google Play Store).
There's a shady android wallet called freewallet, or something like that.  Stay away from it.

If you have an issue with Freewallet, share more details, please, and we'll be glad to assist you in the resolution.


IIRC the issue is that freewallet was stealing peoples coins.

ahh here we go, RIGHT ON THE FRONT PAGE OF THE MONERO SUBREDDIT.

Quote
Warning

Did you know? Freewallet is a scam. Read more here!

I fucking hate that site BTW, GET that removed and maybe we can talk. Until then we consider FreeWallet Is A Scam.

https://www.reddit.com/r/monero
https://www.reddit.com/r/Monero/wiki/avoid

And a simple google search for freewallet scam gets more hits than linda lovelace gave bj's.

Monero (XMR) could pump hard next week! 18th oct hardfork  Roll Eyes
Hardfork again, really?
which sort of main purposes of the coming hardfork (18th of Oct)?
If I remembered exactly, the XMR had forked months ago.

Monero has a regular schedule of updates that are code forks, none of them are chain forks.

It is a vernacular distinction where as people have become afraid of the term fork in all its uses.

Monero forks are good things bringing Great improvements to the protocol level of the code.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
owlcatz
Legendary
*
Offline Offline

Activity: 3892
Merit: 2009


https://icarus-cards.eu


View Profile WWW
October 06, 2018, 03:49:39 AM
 #39794

Yes, Monero community has agreed to make hardforks regularly. But they are all expected and collectively accepted by community. If you want to evolve you need to make changes.
With this fork Bulletproofs will be added which should result in lower fees and other new features. Read this https://www.reddit.com/r/Monero/comments/9igfub/what_does_the_hard_fork_on_the_18th_of_october/ to get more info.
Bulletproofs, sounds good because this one can bring lower fees and several new features for Monero users.
So, what should I do to keep my coins safely during the forking period to come?

Keep reading backwards, ffs.....

You don't have to do anything but keep up to the latest code base basically:

https://getmonero.org/downloads/


 
 BETFURY .....
██████▄██▄███████████▄█▄
█████▄█████▄████▄▄▄█
███████████████████
████▐███████████████████
███████████▀▀▄▄▄▄███████
██▄███████▄▀███▀█▀▀█▄▄▄█
▀██████████▄█████▄▄█████▀██
██████████▄████▀██▄▀▀▀█████▄
█████████████▐█▄▀▄███▀██▄
███████▄▄▄███▌▌█▄▀▀███████▄
▀▀▀███████████▌██▀▀▀▀▀█▄▄▄████▀
███████▀▀██████▄▄██▄▄▄▄███▀▀
████████████▀▀▀██████████
 
..... UP TO 60% APR BTC STAKING .....

 
 Exclusive 200% APR in USDT
& Extra Bonus
▬▬▬▬▬ ◤◤
█▀▀











█▄▄
CODE: BTSTAKE
 
...STAKE NOW...
▀▀█











▄▄█
GingerAle
Legendary
*
Offline Offline

Activity: 1260
Merit: 1008


View Profile WWW
October 06, 2018, 04:16:57 AM
 #39795

Yes, Monero community has agreed to make hardforks regularly. But they are all expected and collectively accepted by community. If you want to evolve you need to make changes.
With this fork Bulletproofs will be added which should result in lower fees and other new features. Read this https://www.reddit.com/r/Monero/comments/9igfub/what_does_the_hard_fork_on_the_18th_of_october/ to get more info.
Bulletproofs, sounds good because this one can bring lower fees and several new features for Monero users.
So, what should I do to keep my coins safely during the forking period to come?

Keep reading backwards, ffs.....

You don't have to do anything but keep up to the latest code base basically:

https://getmonero.org/downloads/



well actually you don't have to do anything. If you are just holding coins... you can just forget about them. For a decade. And then at the end of that decade, figure out which monero client is the one that everyone uses and then access your coins.

i mean, unless you want to support the network and help make sure that the chain survives.


< Track your bitcoins! > < Track them again! > <<< [url=https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/] What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! @@@@ FUCK ALL THE PROFITEERS! PROOF OF WORK OR ITS A SCAM !!! @@@@
Millionero
Sr. Member
****
Offline Offline

Activity: 807
Merit: 423


View Profile
October 06, 2018, 12:07:58 PM
 #39796


more hits than linda lovelace gave bj's.




Direct descendant of Ada Lovelace.  You can see the resemblance.

elrippos friend
Full Member
***
Offline Offline

Activity: 1179
Merit: 210


only hodl what you understand and love!


View Profile
October 07, 2018, 05:03:16 PM
 #39797


more hits than linda lovelace gave bj's.




Direct descendant of Ada Lovelace.  You can see the resemblance.



 Grin Grin Grin Grin Grin Grin

Hueristic
Legendary
*
Offline Offline

Activity: 4060
Merit: 5671


Doomed to see the future and unable to prevent it


View Profile
October 08, 2018, 01:59:31 PM
 #39798


Good read, thx.
Looks like everything is on track.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
start the art
Sr. Member
****
Offline Offline

Activity: 395
Merit: 408

Bitcoin OG artworks collection


View Profile WWW
October 08, 2018, 02:19:14 PM
Merited by bones261 (2)
 #39799

PRICE 400 USD






johnfoss
Full Member
***
Offline Offline

Activity: 144
Merit: 131


View Profile
October 08, 2018, 03:07:56 PM
 #39800

It's that time of the week again!

The Monero Moon (Issue 5) is now out for your reading pleasure.

If you enjoy reading it then give it a like and share it with your friends.

https://medium.com/@johnfoss/the-monero-moon-issue-5-a475d0568071


Pages: « 1 ... 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 [1990] 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 ... 2126 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!