Hueristic
Legendary
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Activity: 4522
Merit: 7051
Doomed to see the future and unable to prevent it
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May 23, 2019, 02:12:36 AM |
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This interested me. https://youtu.be/O5AjdlBMm1w?t=520After checking this out. https://www.abra.com/cryptocurrency/monero/https://www.abra.com/blog/2019-mit-bitcoin-expo/At first glance it looked sketchy btu this guy has been around. https://hackernoon.com/bill-barhydt-on-how-abra-is-building-a-global-bank-with-bitcoin-ef5f66d9b787?gi=cc99fc93f080https://www.finextra.com/pressarticle/75455/abra-adds-monero-to-platformRiccardo "fluffypony" Spagni, the South African-based Lead Maintainer of the Monero Project, said Monero's inclusion on the Abra platform would further boost the ability of investors in emerging markets across Africa and the world to unlock new markets and opportunities.
"Together with Abra, we share a common goal of creating a system of global financial services that have no centralised authorities involved in their creation, distribution, enforcement or usage," said Spagni. "Beyond that, the increased liquidity and awareness for Monero that Abra will generate is an incredibly exciting development for the Monero community." |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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btcsmlcmnr
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May 23, 2019, 03:25:39 AM |
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It is a big pleasure of Monero to be mentioned publicly by theymos on its anonymity. The guide of admin on decent mixing methods and Monero is one of the best two options with cheap fees to use is a good recognition on the anonymous transaction of Monero. However, the key is to maintain anonymity totally depends on each person in the way of using internet and moving funds. Monero, Wasabi, or any other kinds of mixer services are not able to guarentee 100% of anonymity. Most "tumblers", like the now-defunct bestmixer.io or even ChipMixer, aren't great because they are needlessly expensive, you're trusting the service not to run away with your coins, and you're trusting the service not to keep logs. Maybe they're the best current solution for small amounts where lasting anonymity isn't mission-critical, but in most cases you shouldn't use them.
Anonymity is very difficult, especially with blockchain-based systems where so much data has to be public, but also in other areas (eg. there are several known weaknesses with Tor). You should always operate with the expectation that any anonymity system you use will eventually fail you. If you're ever confident in your anonymity, then you're wrong.
That said, there are two halfway-decent mixing methods currently:
----snip-----
#2 - Monero
Monero is not a magic black box which provides perfect anonymity! If you use eg. flyp.me to buy XMR and then quickly sell this XMR on flyp.me again, it is blatantly obvious to flyp.me what you've done (if they keep logs), both due to the amounts and the specific Monero inputs used. In order to get decent privacy, you have to do something like this:
1. Convert BTC to XMR (using your own Monero wallet, not a hosted wallet).
2. In two or more transactions of random amounts, move XMR from that wallet to a different wallet/account.
3. Optionally, you can repeat the above step with additional wallets/accounts for greater anonymity.
4. Preferably in two or more transactions of random amounts, convert the XMR in your last wallet in the chain to BTC.
Ideally, all of the above should be performed over as long a period of time as you can tolerate.
- Pros: Possibly the best anonymity, especially if you're able to stay within the XMR ecosystem to some extent
- Cons: You should use Tor with Monero, but you have to set this up manually; it's all more difficult; you're exposed to exchange rate risk; transaction fees may be significant
Anonymity comparison between the two
Both Wasabi and Monero can be thought of in terms of "anonymity sets". If you're spending some BTC with an anonymity set of 50, this means that an observer can see that the sender is one of 50 people, but they can't tell which. So someone investigating a particular transaction you sent would have you "in their sights" to a certain extent from the start since you're among the 50, but in order to prove that you sent it, they'd have to either eliminate 49 other people from consideration or find some other evidence linking you to it.
Wasabi always aims for an anonymity set of 50 when mixing. Monero has an anonymity set of 11 per transaction. If you cascade transactions as I suggest above, then this multiplies, so after two transactions you have an anonymity set of 11*11=121, and after a cascade of three you'd have an anonymity set of 1331.
The quality of each member in the anonymity set isn't quite comparable, though. Monero is able to hide transaction amounts, which is helpful, but I tend to consider the quality of Monero anonymity-set-members to be lower on average, since many are probably owned by hosted wallets or other possible global adversaries.
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deksa
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Activity: 94
Merit: 0
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May 23, 2019, 06:50:02 AM |
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Yeah I get your point, but the thing is in my country is kinda hard to order something from the net, the customs are high and so on..... So those prices I have mentioned are local  |
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bigslimvdub
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May 24, 2019, 04:19:09 AM |
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lol. convert to BTC, withdraw to trade ogre, buy xmr. done
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dEBRUYNE
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Activity: 2268
Merit: 1141
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May 24, 2019, 05:13:57 PM |
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A few things: - I couldn't find any news on BitOasis' twitter account -> https://twitter.com/bitoasis- Nor any other sources on Twitter that report this 'news'. - There is thus a possibility this screenshot is doctored. - They aren't listed on Coinmarketcap nor on Coingecko, which kind of indicates their volume is relatively insubstantial. - The FinCEN just released guidance that is inconsistent with this action: People often like to purport that Monero will inevitably get banned. However, the new FinCEN guidance is basically inconsistent with that notion. From the CoinCenter article: Section 4.5.3 states that exchanges are not per se banned from using privacy-preserving cryptocurrencies but will need to comply with the same BSA regulations they comply with for typical cryptocurrencies. We believe that this is possible. Exchanges need to know their customers but they do not have a black letter law requirement to know the customers of their customers. In other words, a bank needs to know who you are but they are not obligated to know the name and address of people that you pay using cash you withdraw from your account. https://coincenter.org/entry/fincen-s-new-cryptocurrency-guidance-matches-coin-center-recommendationsArguably, this is long-term bullish for Monero. |
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dEBRUYNE
Legendary
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Activity: 2268
Merit: 1141
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May 24, 2019, 05:25:37 PM |
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What is the current Monero DAG size? Any link to follow that info?
I was planing on getting used XFX black edition 570 4gb for $80 while the used 8gb is x2 times of the price $150-160.
So I was wondering for how long I can use those 4 gigs cards.
The current size of the Monero blockchain is approximately 70 GB. Pruning will be enabled soon, which will allow the end user to drastically reduce the size on disk (i.e. from ~70 GB to ~25 GB). |
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dEBRUYNE
Legendary
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Activity: 2268
Merit: 1141
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May 24, 2019, 05:30:40 PM |
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Love it, sorry out of merit right now, sure deserves some! Also, I got an important question: - I want to verify a balance of a certain address WITHOUT exposing the private (spend) key. Using this tool, I managed to verify balances in the past, using the public address, tx-id and spend-key: https://xmr.llcoins.net/checktx.htmlHowever, when I try with these three right now, it doesn't work. I am wondering, if the tool is somehow "down", or if there is a problem on my end? Can someone check this? Tried with Firefox and in Chrome, same "result", when I put in all three parameters and press CHECK, *nothing* happens. Thanks PS: Also would appreciate if someone could guide me to an other method (maybe using the GUI wallet?) on how to easily prove a XMR balance without private spend key import. That tool uses MoneroBlocks to fetch transactions. MoneroBlocks may have been temporarily offline and/or stuck. With respect to a guide, have you looked at? https://monero.stackexchange.com/questions/2868/is-there-any-way-to-construct-a-transaction-manually/The first steps of that guide allow one to set up a proper view only wallet that shows incoming transactions, outgoing transactions, as well as a proper balance. |
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Hueristic
Legendary
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Activity: 4522
Merit: 7051
Doomed to see the future and unable to prevent it
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May 25, 2019, 03:57:29 AM |
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Who the fuck is BitOasis and who the fuck cares? Bad new for the retards who use an exchange in a dictatorship and use an exchange to store their coins but otherwise Meh. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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deksa
Newbie
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Activity: 94
Merit: 0
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May 25, 2019, 05:12:48 AM |
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What is the current Monero DAG size? Any link to follow that info?
I was planing on getting used XFX black edition 570 4gb for $80 while the used 8gb is x2 times of the price $150-160.
So I was wondering for how long I can use those 4 gigs cards.
The current size of the Monero blockchain is approximately 70 GB. Pruning will be enabled soon, which will allow the end user to drastically reduce the size on disk (i.e. from ~70 GB to ~25 GB). But that doesn't affect the graphic cards memory right? |
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Iamtutut
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May 25, 2019, 05:27:22 AM |
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What is the current Monero DAG size? Any link to follow that info?
I was planing on getting used XFX black edition 570 4gb for $80 while the used 8gb is x2 times of the price $150-160.
So I was wondering for how long I can use those 4 gigs cards.
The current size of the Monero blockchain is approximately 70 GB. Pruning will be enabled soon, which will allow the end user to drastically reduce the size on disk (i.e. from ~70 GB to ~25 GB). But that doesn't affect the graphic cards memory right?  ? The blockchain is the "database" that you store on your HDD / SSD. Your GPU memory is totally indifferent to that. |
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deksa
Newbie
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Activity: 94
Merit: 0
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May 25, 2019, 05:34:07 AM |
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What is the current Monero DAG size? Any link to follow that info?
I was planing on getting used XFX black edition 570 4gb for $80 while the used 8gb is x2 times of the price $150-160.
So I was wondering for how long I can use those 4 gigs cards.
The current size of the Monero blockchain is approximately 70 GB. Pruning will be enabled soon, which will allow the end user to drastically reduce the size on disk (i.e. from ~70 GB to ~25 GB). But that doesn't affect the graphic cards memory right? ? The blockchain is the "database" that you store on your HDD / SSD. Your GPU memory is totally indifferent to that. Except in Ether coins (idk much about Cryptonight sorry)  |
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Globb0
Legendary
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Activity: 2716
Merit: 2053
Free spirit
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May 25, 2019, 09:28:28 AM |
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Who the fuck is BitOasis and who the fuck cares? Bad new for the retards who use an exchange in a dictatorship and use an exchange to store their coins but otherwise Meh. Still in the unlikely event its not just faked? they will in that case seem to be suggesting a coin burn. Great. (or maybe they gonna disappear it?) |
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Last of the V8s
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Activity: 1652
Merit: 4402
Be a bank
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May 25, 2019, 09:38:28 AM |
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My apologies for fudding y'all with that  Seems the guy ari_whatever is some shitcoin supporter. 'Craig's coming for you...' seems to be the message. |
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Globb0
Legendary
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Activity: 2716
Merit: 2053
Free spirit
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May 25, 2019, 10:22:59 AM |
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Oh shit, having seen the elegance of his takedown of BTC I am terrified!
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Iamtutut
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May 25, 2019, 10:37:13 AM |
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My apologies for fudding y'all with that Seems the guy ari_whatever is some shitcoin supporter. 'Craig's coming for you...' seems to be the message.  |
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Febo
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Activity: 2758
Merit: 1288
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May 25, 2019, 11:18:57 AM |
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What I remember of ABRA, but my info could be old they dont allow for you to withdraw Monero . Just Bitcoin. You can buy Monero there and hold it, but when you want to withdraw you need to change into Bitcoin. |
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Hueristic
Legendary
Offline
Activity: 4522
Merit: 7051
Doomed to see the future and unable to prevent it
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May 25, 2019, 01:49:20 PM |
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Who the fuck is BitOasis and who the fuck cares? Bad new for the retards who use an exchange in a dictatorship and use an exchange to store their coins but otherwise Meh. Still in the unlikely event its not just faked? they will in that case seem to be suggesting a coin burn. Great. (or maybe they gonna disappear it?) Meh, who knows what those rag heads are gonna do, they have too much lead in their environment and are mentally retarded. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Hueristic
Legendary
Offline
Activity: 4522
Merit: 7051
Doomed to see the future and unable to prevent it
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May 25, 2019, 01:53:21 PM |
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What I remember of ABRA, but my info could be old they dont allow for you to withdraw Monero . Just Bitcoin. You can buy Monero there and hold it, but when you want to withdraw you need to change into Bitcoin. It's a wallet isn't it? Why wouldn't you be able to spend coins from a wallet? The entire original design was initially based on transferring money for migrant workers like western union does. If I get the drive I'll open an account and give it a go. I started the other day but they wanted a phone number so I'll have to setup a temp one to use. I was hoping someone already did this, its been almost a year. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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