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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4539510 times)
jwinterm
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January 31, 2019, 12:10:24 PM
 #40581

^This is a terrible idea that completely centralizes the network. You can't avoid FPGAs or ASICs forever, they're just another form of computer, albeit a bit less generalized. You can't keep hard forking every six months forever, it introduces centralization and uncertainty in the network/protocol. At some point, hopefully soon, Monero will stop running from this issue and just switch to a proof of work that isn't a pita to verify on low end general purpose consumer hardware and live with FPGAs and/or ASICs.
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January 31, 2019, 04:47:21 PM
 #40582

Hey guys and gals, I created a limited Monero artwork poster with special gold colouring "Needs No Slogan - Privacy. Security. Fungibility."



Available here: https://bitcointalk.org/index.php?topic=5102596.0

||     Best crypto investment advice: Invest in your education. Watch Andreas Antonopoulos.     ||
||  My art projects: CRYPTO COSMOS: A Cryptocurrency Card Game  |  Monero XMR Postcards | Poster  |  The Great Bitcoin Hatching: Massive artwork (limited metal plate print)  ||
||  Community Crypto Project: Bitcore BTX - hybrid fork with SegWit support and 10 MB blocks  ||
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January 31, 2019, 11:11:51 PM
 #40583

The regulations will arrive soon, can this affect #anonymous #currencies like Monero? Come and help #forecast the #XMR price #prediction for February 28:

http://bit.ly/2HGyRkM
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February 01, 2019, 08:44:23 AM
Last edit: February 01, 2019, 09:03:12 AM by florida.haunted
 #40584

^This is a terrible idea that completely centralizes the network. You can't avoid FPGAs or ASICs forever, they're just another form of computer, albeit a bit less generalized. You can't keep hard forking every six months forever, it introduces centralization and uncertainty in the network/protocol. At some point, hopefully soon, Monero will stop running from this issue and just switch to a proof of work that isn't a pita to verify on low end general purpose consumer hardware and live with FPGAs and/or ASICs.

Official position of Monero Community is to keep entrance threshold level for new miners LOW, furthermore Monero Community does declare, apparently and specially, to resist ASICs, FPGA and any type of NON-COMMON hardware, i.e. hardware that is not available in the local stores of most countries.

Recently, Ethereum Community join to Monero Community's fundamental principals to be ASICs, FPGA and NON-COMMON hardware resistant.

The situation with ASICs in Bitcoin world is much more centralized, because ASICs are very specific hardware. Currently only one company produces most of Bitcoin ASICs. And of course there is no company that manufactures ASICs or FPGA (specially designed for crypto-mining like http://squirrelsresearch.com/cvp-13/) that will start to sell its NON-COMMON hardware while it is profitable for mining. Any company ALWAYS mines silently by its chips to its own profit and sell them when only they become UNPROFITABLE for mining.

(PoS had been recognized by Monero Community as a strong unacceptable centralization too)

If you disagree with official Monero Community, feel free to use a lot of Monero forks that are unresistant to ASICs & FPGA.

P.S. What about the idea of formal pool registration on the Monero blockchain & sign each mined block by pool's signature. It does not violate the anonymity of a pool ownner. It PREVENTs centralization by rejecting a block candidate mined by a pool close to 51% in hashrate of total network. Any volunteer CAN register new pool by automatic payment a fee to the blockchain and meet formal verification like pool is publically available and has good enough formal rating voted on the blockchain too.

P.P.S. the idea of formal pool registration has unique new attribute that is unavailable for any other crypto: Formal Trusted Mining Infrastructure, 51%-Resistant, Entirely Resides On Blockchain.
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February 01, 2019, 01:58:49 PM
 #40585

^This is a terrible idea that completely centralizes the network. You can't avoid FPGAs or ASICs forever, they're just another form of computer, albeit a bit less generalized. You can't keep hard forking every six months forever, it introduces centralization and uncertainty in the network/protocol. At some point, hopefully soon, Monero will stop running from this issue and just switch to a proof of work that isn't a pita to verify on low end general purpose consumer hardware and live with FPGAs and/or ASICs.

Official position of Monero Community is to keep entrance threshold level for new miners LOW, furthermore Monero Community does declare, apparently and specially, to resist ASICs, FPGA and any type of NON-COMMON hardware, i.e. hardware that is not available in the local stores of most countries.

Recently, Ethereum Community join to Monero Community's fundamental principals to be ASICs, FPGA and NON-COMMON hardware resistant.

The situation with ASICs in Bitcoin world is much more centralized, because ASICs are very specific hardware. Currently only one company produces most of Bitcoin ASICs. And of course there is no company that manufactures ASICs or FPGA (specially designed for crypto-mining like http://squirrelsresearch.com/cvp-13/) that will start to sell its NON-COMMON hardware while it is profitable for mining. Any company ALWAYS mines silently by its chips to its own profit and sell them when only they become UNPROFITABLE for mining.

(PoS had been recognized by Monero Community as a strong unacceptable centralization too)

If you disagree with official Monero Community, feel free to use a lot of Monero forks that are unresistant to ASICs & FPGA.

P.S. What about the idea of formal pool registration on the Monero blockchain & sign each mined block by pool's signature. It does not violate the anonymity of a pool ownner. It PREVENTs centralization by rejecting a block candidate mined by a pool close to 51% in hashrate of total network. Any volunteer CAN register new pool by automatic payment a fee to the blockchain and meet formal verification like pool is publically available and has good enough formal rating voted on the blockchain too.

P.P.S. the idea of formal pool registration has unique new attribute that is unavailable for any other crypto: Formal Trusted Mining Infrastructure, 51%-Resistant, Entirely Resides On Blockchain.

What part of "formal" and "official" do you not see as completely centralized? Cause it seems totally centralized to me.

I do disagree with "official Monero Community". Am I going to be officially excommunicated and blacklisted from using the network into perpetuity now?

Also, as to your idea - why couldn't a pool with 51+% of total hash just register multiple addresses and divide it's hashrate among them? Then it could do whatever it was going to do as an apparent single entity but split its hash among its own multiple pools/addresses. Maybe if there was also some component of neural networks with blockchain AI they could recognize this and ban all the offending pools and miners from the network forever.
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February 01, 2019, 02:25:01 PM
 #40586

New Monero Forum Funding System is expected to go live in a few days, check tweet for more
https://twitter.com/JEhrenhofer/status/1089600244021686277?fbclid=IwAR1aPws2IHOVG70VQjJZegh-NpOAXYLYsOsRSlTDvKTVuV0EDD5lsewwqqc

SECURE YOUR CRYPTO ASSETS | GET SOME FREE SATOSHI'S | TRADE ON BINANCE  Disclaimer: All links are affiliate/refferal! Thank you for using them! Smiley
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February 01, 2019, 03:55:00 PM
 #40587

Also, as to your idea - why couldn't a pool with 51+% of total hash just register multiple addresses and divide it's hashrate among them? Then it could do whatever it was going to do as an apparent single entity but split its hash among its own multiple pools/addresses. Maybe if there was also some component of neural networks with blockchain AI they could recognize this and ban all the offending pools and miners from the network forever.

We do continually hear these half baked type ideas thrown about and not just from the uniformed. It should be recognized that this is also a social attack vector that needs to be safe guarded, continual change opens the chance of slipping in seeemingly innocuous poisoned code.

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Globb0
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February 01, 2019, 04:26:50 PM
 #40588

ASICS are diversifying in the daddy coin, with the maturity.

No longer a 1 player monopoly of mining.

If you keep it working on home architecture instead, you don't really change much.

It will still be the one who can spend the most on computer equipment that will win most.





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February 01, 2019, 04:34:37 PM
 #40589

ASICS are diversifying in the daddy coin, with the maturity.

No longer a 1 player monopoly of mining.

If you keep it working on home architecture instead, you don't really change much.

It will still be the one who can spend the most on computer equipment that will win most.

It's all about the security of the chain.

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February 02, 2019, 01:18:30 PM
Last edit: February 02, 2019, 03:00:58 PM by dEBRUYNE
 #40590

Monero added to Exodus Eden version 19.2.2

https://www.reddit.com/r/Monero/comments/amcemx/youve_been_asking_we_finally_delivered_xmr_is/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
forevernoob
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February 02, 2019, 10:20:11 PM
 #40591

Will there be a Super Bowl betting pool like last year?

I'm down. Anyone else up for it? 1 XMR buy in?

You know I am Cheesy

Whoever wants to set up something can, if I get a break from work I’ll create a thread for it.  Just to clarify... we are talking about squares, right?

Did you create a thread? We still have some time before the game..

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February 03, 2019, 05:13:12 AM
 #40592

Did you create a thread? We still have some time before the game..

https://bitcointalk.org/index.php?topic=5103532.msg49476986#msg49476986
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February 03, 2019, 06:14:32 AM
 #40593

with monero being anonymous, do they get in trouble from governments? How have they not shut it down? i'm all for it but i'm just curious how they have circumvented that?
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February 03, 2019, 07:56:21 AM
 #40594

What shall "they" (who?) do?

Shut down the earths electricity?


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February 03, 2019, 09:08:17 AM
 #40595

What shall "they" (who?) do?

Shut down the earths electricity?


Stop providing electricity supply to households/ farms which mine crypto currencies, including Monero.
I am not sure, but it is likely what that guys waited for.
It is a unrealistic thing, in my opinion.
And, if someday, Monero network switchs to PoS/ Masternodes or service nodes, it's become harder to restrict / shut down Monero network.

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February 03, 2019, 06:20:02 PM
 #40596

What shall "they" (who?) do?

Shut down the earths electricity?



not neccesarily that, i mean they (goverments) could do that to certain jurisdictions if they wanted to, I just wasn't sure if they could go after the team if they really wanted to? I'm all for anonymous transactions, I just wasn't sure if there is a chance that governments turn against it?
Globb0
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February 03, 2019, 07:38:53 PM
 #40597

We are all satoshi


Lord Bumhead
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February 04, 2019, 04:40:04 AM
 #40598

they could go after the team
If you mean law enforcement, then no.  The "team" hasn't committed any crimes, so far as I'm aware.
Unless being a fluffypony is a crime.  Hmm...  maybe you're onto something after all.
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February 04, 2019, 06:42:30 AM
 #40599

https://www.prlog.org/12735136-monero-confirms-xtend-onlines-hyperminers-are-berylium-bulletproof.html

What do you think about this? Scam or new technology? Smiley
florida.haunted
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February 05, 2019, 05:10:01 PM
 #40600


Apart of being this one engine scam or not, there are some new mining equipment on the XMR network obviously:

https://miningpoolstats.stream/monero

They removed auto-calculator to avoid panic, but now Total Network Hashrate = 712 MH/s, Known Pools' Hashrate = 328 MH/s,
so UNKNOWN Hashrate = 384 MH/s = 54% of Total Network Hashrate.

Remember, miner equipment manufacturer NEVER starts to sell miners to public UNTIL they'll become UNPROFITABLE to mine by themselves. So when they start to sell them, you do always lose if buy.

I think their equipment is indeed FPGA-like.

---

I propose new idea to XMR mining algo: to emulate floating point computations of higher precision that is not common in any hardware. We should imagine how to involve a true random NOISE into computations. The way we involve NOISE should meet some requirements, for example, if one doesn't add NOISE, their results should be worse in metrics of hash mined. So FPGA manufacturer must add NOISE in EACH node of its FPGA logic. If so, FPGA will be as effective as GPU, CPU, etc...

I may mistake... above are just free imagines...
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