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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548056 times)
dEBRUYNE
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March 03, 2019, 08:18:46 PM
 #40641

Monero is now supported on Coinomi. A smartphone (and desktop) multi-currency wallet. https://www.coinomi.com/en/

Wow - they sure took their time with that, but better late than never I guess.

Anyone here know if wallets can be affected by the upcoming hardfork on March 9th?

Affected as in?

As in errors or quit working.

Edit - also wondering how anonymous Monero is coming from a Coinomi wallet?

I don't blame you for being concerned about the fork.
But it's not the wallet software that's at risk.
If something bad happens at the fork, it won't be a glitch with your wallet software.
If something bad happens at the fork, it could be much worse than that.  It could be a 51% attack, with double spends.
Your concern about the wallet not working is misplaced.  If that's all you're worried about, you can put your mind at rest.
By the way, linux CLI 14.0.0 daemon and wallet work great.  I'm using it now.

I still remember the problems I had upgrading my Linux wallet when Monero forked to v.7. Also I find the frequent forks tiresome, since they are only treating symptoms temporarily instead of curing the disease (ASIC vulnerability). The tech behind Monero is still cool, but not an end in itself, and I don't see the price going anywhere long as it remains "eclectic", and mainly useful on the darknet.

I think the Coinomi Monero integration is a mixed bag -
on one hand it's positive since it makes Monero more useful by providing more mainstream access to more people,
on the other hand accessibility is a big minus if the wallet isn't secure (https://www.reddit.com/r/reddCoin/comments/avb43d/crosspost_warning_coinomi_wallet_critical/).

The competition is not standing idle. I don't really see Grin as a serious threat to Monero, but I DO see Litecoin as one, since it has a better image, does not have the same issues with ASICS, and looks soon ready for MimbleWimble protocol integration. XMR still has cheaper fees than LTC (ASICS could change this for LTC..), and XMR may still win if the DEV's manage to maintain tech lead by salvaging Kovri before it's too late.


Any privacy feature addition to LTC will most likely be optional. As such, the following will apply:

https://www.reddit.com/r/Monero/comments/akq1q5/with_the_scaling_debate_behind_us_the_next/ef6xyq9/

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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elrippos friend
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March 03, 2019, 09:23:33 PM
 #40642

Monero is now supported on Coinomi. A smartphone (and desktop) multi-currency wallet. https://www.coinomi.com/en/

Wow - they sure took their time with that, but better late than never I guess.

Anyone here know if wallets can be affected by the upcoming hardfork on March 9th?

Affected as in?

As in errors or quit working.

Edit - also wondering how anonymous Monero is coming from a Coinomi wallet?

I don't blame you for being concerned about the fork.
But it's not the wallet software that's at risk.
If something bad happens at the fork, it won't be a glitch with your wallet software.
If something bad happens at the fork, it could be much worse than that.  It could be a 51% attack, with double spends.
Your concern about the wallet not working is misplaced.  If that's all you're worried about, you can put your mind at rest.
By the way, linux CLI 14.0.0 daemon and wallet work great.  I'm using it now.

I still remember the problems I had upgrading my Linux wallet when Monero forked to v.7. Also I find the frequent forks tiresome, since they are only treating symptoms temporarily instead of curing the disease (ASIC vulnerability). The tech behind Monero is still cool, but not an end in itself, and I don't see the price going anywhere long as it remains "eclectic", and mainly useful on the darknet.

I think the Coinomi Monero integration is a mixed bag -
on one hand it's positive since it makes Monero more useful by providing more mainstream access to more people,
on the other hand accessibility is a big minus if the wallet isn't secure (https://www.reddit.com/r/reddCoin/comments/avb43d/crosspost_warning_coinomi_wallet_critical/).

The competition is not standing idle. I don't really see Grin as a serious threat to Monero, but I DO see Litecoin as one, since it has a better image, does not have the same issues with ASICS, and looks soon ready for MimbleWimble protocol integration. XMR still has cheaper fees than LTC (ASICS could change this for LTC..), and XMR may still win if the DEV's manage to maintain tech lead by salvaging Kovri before it's too late.


Any privacy feature addition to LTC will most likely be optional. As such, the following will apply:

https://www.reddit.com/r/Monero/comments/akq1q5/with_the_scaling_debate_behind_us_the_next/ef6xyq9/

The game is on  Wink

mattcode
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March 03, 2019, 10:09:13 PM
 #40643

Quote
We have a wallet exploit related to coinbase transactions. There will be a patch released on github on the 6th at 4pm GMT, so in about 4 days. In the meantime, you can be safe against any exploits by running "set refresh-type no-coinbase" in monero-wallet-cli. This should be set for every wallet you're running. This is a persistent flag, so once you quit monero-wallet-cli and start monero-wallet-rpc on that same wallet, the setting will persist.
This is not a consensus bug, no double spend, no coins created out of thin air, etc.

Arbitrary code execution? Wallet DoS?

edit not as fun as that. it's like the double counting wallet bug from before

Looks like the patch came early.

https://patch-diff.githubusercontent.com/raw/monero-project/monero/pull/5216.patch
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March 04, 2019, 03:16:51 AM
 #40644

Quote
We have a wallet exploit related to coinbase transactions. There will be a patch released on github on the 6th at 4pm GMT, so in about 4 days. In the meantime, you can be safe against any exploits by running "set refresh-type no-coinbase" in monero-wallet-cli. This should be set for every wallet you're running. This is a persistent flag, so once you quit monero-wallet-cli and start monero-wallet-rpc on that same wallet, the setting will persist.
This is not a consensus bug, no double spend, no coins created out of thin air, etc.

Arbitrary code execution? Wallet DoS?

edit not as fun as that. it's like the double counting wallet bug from before

Looks like the patch came early.

https://patch-diff.githubusercontent.com/raw/monero-project/monero/pull/5216.patch
Quote
Riccardo Spagni   to monero-announce   (6 hours ago) show details create a rule
To update this: since the bug has been irresponsibly, publicly
disclosed by a third-party unrelated to original discloser
to the
Vulnerability Response workgroup, the Monero developer community has
decided to fast-forward the update to today. If you are running a
wallet on an exchange, payment gateway, or service, then you can
update to 0.14.0.1 using the appropriate tag, as in 'git checkout
v0.14.0.1'. Binaries for this release should be completed and uploaded
in the next 24 hours.

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March 04, 2019, 12:07:28 PM
 #40645

Guys?
What is the name of the new algo after the fork next week?
Is there AMD miner for it atm?
If so, which platforms does it use (the miner)?
Thank you!

I think you are looking for this thread:

https://www.reddit.com/r/MoneroMining/comments/awx4jg/you_must_update_your_miners_for_the_march_9/

Thanks brother!
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March 04, 2019, 04:07:45 PM
 #40646

Very strange solution  Huh - Monero (XMR) mining tool Coinhive decides to shut down after Hard Fork

Coinhive announced that it will go out of service on March 9th before the hard fork, but it unclear why the hard fork influenced their decision because after the hard fork ASICs will no longer dominate mining which should actually be more profitable to Coinhive.

https://blockmanity.com/news/monero-xmr-mining-tool-coinhive-decides-to-shut-down-after-hard-fork/
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March 04, 2019, 06:44:50 PM
 #40647

In the last version of monero client 0.14 with application 1.1.3, it seems there is a bug with the change address: The change seems to not be correctly send.

Do not use Ledger Nano S with client 0.14 until more information is provided.

Source and discussion about it: https://www.reddit.com/r/Monero/comments/ax0pqt/alert_stop_using_ledger_with_014_client/

Very strange solution  Huh - Monero (XMR) mining tool Coinhive decides to shut down after Hard Fork

Coinhive announced that it will go out of service on March 9th before the hard fork, but it unclear why the hard fork influenced their decision because after the hard fork ASICs will no longer dominate mining which should actually be more profitable to Coinhive.

https://blockmanity.com/news/monero-xmr-mining-tool-coinhive-decides-to-shut-down-after-hard-fork/
Maybe there just wasn't enough users to continue with this. And isn't Coinhive open-sourced? If so, I assume you will still be able to use it.

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March 05, 2019, 01:49:25 AM
 #40648

what is "application 1.1.3"?
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March 05, 2019, 01:52:13 AM
 #40649

what's the main difference between mimble wimble and ring signature?


running farm worldwide
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March 05, 2019, 04:34:19 AM
Last edit: March 05, 2019, 11:44:54 AM by Andretti83
 #40650

what is "application 1.1.3"?
I think 1.1.3 refers to Ledger app version.

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March 05, 2019, 10:44:16 AM
 #40651

what is "application 1.1.3"?

Version of the Ledger Monero app.

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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March 05, 2019, 10:46:02 AM
 #40652

what's the main difference between mimble wimble and ring signature?



Grin is basically Monero minus ring signatures though, which thus allows for construction of transaction graphs and tracing. Put differently, it doesn't have particularly strong privacy properties. In addition, Grin is currently interactive, which is quite detrimental to user experience.




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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March 05, 2019, 11:24:11 AM
 #40653


 interactive


?


hat an idiot W
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March 05, 2019, 11:48:12 AM
 #40654

Receiver must be online. You can't send coins if receiving wallet (daemon) is offline.

By the way, everywhere both parties (sender and receiver) always mentioned, but I think it is redundant in case of sender. Sure you must be online to send.

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March 05, 2019, 11:54:48 AM
 #40655

Thanks for explaining

hat an idiot W
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March 05, 2019, 01:50:59 PM
 #40656

09 March 2019 (or earlier)
Monero (XMR)
Monero Hard Fork

The upcoming scheduled protocol upgrade of March 9 is intended to fork at block height of 1788000.




info: https://tothemoon.live/?IsPast=False&Page=1&Month=0&Year=0&CoinTypes=Monero+%28XMR%29&SortBy=0
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March 08, 2019, 03:11:53 PM
 #40657

Hello,
simple question: How is current Monero DIFFICULTY calculated?

I can't find or Google any suitable answer (forum, web, official web/form...). Question is about figuring out how is diff. balance made on Monero. I guess that there isnt any gravity algo. More or less it seems to scenerio like: take 2000 block, cut 20% from both sides, calculate average, estamine next diff. to target 2 minutes per block.

Is there any article covering this question? It is kinda essential for tomorrows fork. When some hash power will vanish, then how long it will take for network (how many time or block) to adapt back with lower amount of miners.

Thanks.
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March 08, 2019, 03:58:39 PM
 #40658

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Tuesday, February 5, the Zcash Company, the for-profit company in charge of maintaining the cryptocurrency Zcash, made a shocking revelation: It had acted in secret to fix a software bug that would have given an attacker the means to create “fake” Zcash.


https://medium.com/mit-technology-review/a-cryptocurrency-companys-covert-bug-fix-has-confusing-legal-implications-e9b4432e23d7?source=email-1e154d444ca3-1551698073815-digest.reader------0-49------------------d9831d41_765c_46b3_966f_bb807573b228-11&sectionName=topic

http://fortune.com/2019/02/05/zcash-vulnerability-cryptocurrency/

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March 08, 2019, 05:41:21 PM
 #40659

Hello,
simple question: How is current Monero DIFFICULTY calculated?

I can't find or Google any suitable answer (forum, web, official web/form...). Question is about figuring out how is diff. balance made on Monero. I guess that there isnt any gravity algo. More or less it seems to scenerio like: take 2000 block, cut 20% from both sides, calculate average, estamine next diff. to target 2 minutes per block.

Is there any article covering this question? It is kinda essential for tomorrows fork. When some hash power will vanish, then how long it will take for network (how many time or block) to adapt back with lower amount of miners.

Thanks.

https://github.com/monero-project/monero/blob/16dc6900fb556b61edaba5e323497e9b8c677ae2/src/cryptonote_basic/difficulty.cpp

Also this:
https://monero.stackexchange.com/questions/7975/how-does-the-difficulty-adjustment-for-monero-work

It's basically just a simple moving average of the last 720 blocks with 120 most outlying values discarded I think.
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March 08, 2019, 06:52:14 PM
 #40660

Monero is the only project with no escrow , no premine,  no thing..  The reason i bought monero cuz of the genuine team.. unlike zcash which looks more centralized and a greedy team called electric company lol they are trying to look like ripple now  Grin
Monero surely deserves #1 Spot its truly decentralized crypto.
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