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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4626636 times)
dEBRUYNE
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May 02, 2019, 10:41:48 AM
 #40661

Is it possible to store XMR on hardware wallets? How convenient is this for newbies?

Yes. I'd argue it is doable. It is a bit more complicated than other coins such as ETH, but with assistance of this guide you should be able to manage:

https://monero.stackexchange.com/questions/9901/how-do-i-generate-a-ledger-monero-wallet-with-the-gui-monero-wallet-gui

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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Globb0
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May 02, 2019, 01:29:14 PM
 #40662

I thought it was relatively straight forward. Nano S.

But you do need to run the gui wallet (and sync up a node) and use the hw wallet as your "secure key holder"

Watched a video, cryptodad or something on you tube for the main points.



Main take away point was virus software will delete MoneroD  is there anything that can be done about that?


Adding it to the exclusions in your virus software is the answer for now.


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Millionero
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May 02, 2019, 02:19:12 PM
 #40663

I haven't used antivirus software for many years.  Maybe I can get away with it because I don't use Windows.
I use linux pc and android phone.  Performing updates immediately is more important than antivirus, in my opinion.
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May 02, 2019, 03:17:28 PM
 #40664

Its these blasted malware miners of course, but after a fork can we get it reset as bug fixed or something?


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Don_Crypton
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May 02, 2019, 07:08:05 PM
 #40665

Is it possible to store XMR on hardware wallets? How convenient is this for newbies?
It is for advanced users, because you have to be responsible to secure your wallet, your backup, your private key. So, if you are newbies in crypto, you should stick to exchanges' address to store your money. Remember to choose reliable exchanges, like Binnance, Block chain, Coinbase, ask so on. Always should stay away from small exchanges because their security is worse than big exchanges, and in bad situation (attacks) they might not compensate for their users.

I am against storing crypto on exchanges, regardless of their size.

Is it possible to store XMR on hardware wallets? How convenient is this for newbies?

Yes. I'd argue it is doable. It is a bit more complicated than other coins such as ETH, but with assistance of this guide you should be able to manage:

https://monero.stackexchange.com/questions/9901/how-do-i-generate-a-ledger-monero-wallet-with-the-gui-monero-wallet-gui

I noticed that storing xmr is more difficult than eth  Wink
Thx for the link to guide. I will surely read it.

I thought it was relatively straight forward. Nano S.

But you do need to run the gui wallet (and sync up a node) and use the hw wallet as your "secure key holder"

Watched a video, cryptodad or something on you tube for the main points.



Main take away point was virus software will delete MoneroD  is there anything that can be done about that?


Adding it to the exclusions in your virus software is the answer for now.



Technically, this method of storing xmr on NanoC is possible only ?
Hueristic
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May 02, 2019, 07:58:42 PM
 #40666



I noticed that storing xmr is more difficult than eth  Wink
Thx for the link to guide. I will surely read it.


I've noticed it's really easy to get ETH stolen. Wink

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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May 07, 2019, 10:16:35 PM
Last edit: May 08, 2019, 10:05:41 PM by Kryptowerk
 #40667

Loaded Monero giftcards available now!



Limited to 128, funded with 0.25 XMR. Reservations now open.

||     Best crypto investment advice: Invest in your education. Watch Andreas Antonopoulos.     ||
||  My art projects: CRYPTO COSMOS: A Cryptocurrency Card Game  |  Monero XMR Postcards + more | Poster  | BTC postcardsThe 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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May 09, 2019, 12:52:32 PM
 #40668

Monero slowly rising towards $70. Read more in this TA:

https://coincodex.com/article/3569/monero-price-analysis-xmr-steadily-growing-towards-70/
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May 09, 2019, 09:41:47 PM
 #40669

As market start recovering and price increases, interest on monero start growing as google trends show: https://trends.google.com/trends/explore?q=%2Fm%2F0130q41b

Guess there is a possibility that Random X gets implemented on a very bullish market.

RandomX BENCHMARKS FOR MONERO MINING-> https://monerobenchmarks.info
Monero News & Overclocking-> https://news.monerobenchmarks.info
GPU & CPU CRYPTONIGHT BENCHMARKS -> https://cryptonight.monerobenchmarks.info/
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May 09, 2019, 10:27:33 PM
 #40670

As market start recovering and price increases, interest on monero start growing as google trends show: https://trends.google.com/trends/explore?q=%2Fm%2F0130q41b

Guess there is a possibility that Random X gets implemented on a very bullish market.

It's funny to compare interest by region before and after 2014. Smiley

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May 10, 2019, 05:12:08 AM
 #40671

why the price of Monroe falls in Bitcoin, while the dollar price is almost in place. With the rise in Bitcoin prices, one would expect that the Monero price at least remained constant, rather than falling.
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May 10, 2019, 05:22:54 AM
 #40672

why the price of Monero falls in Bitcoin, while the dollar price is almost in place. With the rise in Bitcoin prices, one would expect that the Monero price at least remained constant, rather than falling.

Normal when bitcoin is pumping.

We have a speculation thread for these questions btw. Wink

https://bitcointalk.org/index.php?topic=753252.0


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May 10, 2019, 01:29:57 PM
 #40673

As market start recovering and price increases, interest on monero start growing as google trends show: https://trends.google.com/trends/explore?q=%2Fm%2F0130q41b

Guess there is a possibility that Random X gets implemented on a very bullish market.

RandomX is set to be implemented in October (conditional on audits being completed successfully).

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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May 10, 2019, 10:45:05 PM
 #40674

As market start recovering and price increases, interest on monero start growing as google trends show: https://trends.google.com/trends/explore?q=%2Fm%2F0130q41b

Guess there is a possibility that Random X gets implemented on a very bullish market.

RandomX is set to be implemented in October (conditional on audits being completed successfully).

I like progress done on Random X so far, and last status update looks good: https://www.reddit.com/r/Monero/comments/bmybxn/randomx_status_update/
 

RandomX BENCHMARKS FOR MONERO MINING-> https://monerobenchmarks.info
Monero News & Overclocking-> https://news.monerobenchmarks.info
GPU & CPU CRYPTONIGHT BENCHMARKS -> https://cryptonight.monerobenchmarks.info/
dEBRUYNE
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May 11, 2019, 10:14:03 AM
 #40675

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:

Quote
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-recommendations

Arguably, this is long-term bullish for Monero.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
birr
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May 11, 2019, 03:19:45 PM
 #40676

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:

Quote
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-recommendations

Arguably, this is long-term bullish for Monero.
Now let's see if Coinbase is mensch enough to list our beloved Marilyn Monero.  Ha ha, if only.
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May 11, 2019, 07:44:56 PM
 #40677

Got a question regarding the monero-gui wallet:

My balance is higher than the unlocked balance.
However I am fully synced. Any idea how to access these locked funds? :\

||     Best crypto investment advice: Invest in your education. Watch Andreas Antonopoulos.     ||
||  My art projects: CRYPTO COSMOS: A Cryptocurrency Card Game  |  Monero XMR Postcards + more | Poster  | BTC postcardsThe Great Bitcoin Hatching: Massive artwork (limited metal plate print)  ||
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May 11, 2019, 09:04:00 PM
 #40678

Got a question regarding the monero-gui wallet:

My balance is higher than the unlocked balance.
However I am fully synced. Any idea how to access these locked funds? :\

You should just have to wait ten blocks or so and it will unlock. If it doesn't you need to rescan or restore wallet.
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May 11, 2019, 09:24:53 PM
Last edit: May 11, 2019, 10:17:06 PM by Kryptowerk
 #40679

Got a question regarding the monero-gui wallet:

My balance is higher than the unlocked balance.
However I am fully synced. Any idea how to access these locked funds? :\

You should just have to wait ten blocks or so and it will unlock. If it doesn't you need to rescan or restore wallet.

Oh boy, rescanning 1.8 mil blocks.. ugh. I guess I'll try restore wallet first.
I have two tx over a year old that have status FAILED, my guess is these funds are still locked somehow?

Thanks for the answer, though!

||     Best crypto investment advice: Invest in your education. Watch Andreas Antonopoulos.     ||
||  My art projects: CRYPTO COSMOS: A Cryptocurrency Card Game  |  Monero XMR Postcards + more | Poster  | BTC postcardsThe Great Bitcoin Hatching: Massive artwork (limited metal plate print)  ||
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May 11, 2019, 10:40:05 PM
 #40680

My PC synced up fairly fast. Now I have the key.


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