[XMR] Monero - A secure, private, untraceable cryptocurrency

[sorryforthat]

Block rewards looking better.

Block rewards looking better.

What is happening here, are we that strapped for comments guys

[blaaaaacksuit]

Block rewards looking better.

Block rewards looking better.

What is happening here, are we that strapped for comments guys

I wasnt gunna say anything but, lol

[bitcoinwonders010]

if mro wants to win the race against XC its gonna need to hurry  up

[sorryforthat]

if mro wants to win the race against XC its gonna need to hurry  up

Race? What are you talking about, the point of the coin isnt to get people rich, its to offer something much more.

[blaaaaacksuit]

if mro wants to win the race against XC its gonna need to hurry  up

XC is a pump and dump.  Nobody will be touching it 2 weeks from now.

[Ed4252]

I'm using http://moneropool.org/ and it says total paid, but nothing has shown up in mywallet for simplewallet.exe

why?

[bitcoinwonders010]

if mro wants to win the race against XC its gonna need to hurry  up

XC is a pump and dump.  Nobody will be touching it 2 weeks from now.

why will no one be touching it 2 weeks from now. what does monero need to get the lift. as much as im enjoying hoovering up the coins cheap, i would also like to see it progress.

have we got a wallet that is user friendly

[surfer43]

I'm using http://moneropool.org/ and it says total paid, but nothing has shown up in mywallet for simplewallet.exe

why?

What is your address? I can send you a test amount to see if you're receiving transactions properly.

[Zer0Sum]

I'm using http://moneropool.org/ and it says total paid, but nothing has shown up in mywallet for simplewallet.exe

why?

what happens when you type "refresh"?

[Scratch]

This keeps happening and diff resets. Is that a problem? Mining on minemro.com.

Code:

[2014-05-28 02:31:10] thread 3: 770 hashes, 22.09 H/s
[2014-05-28 02:31:10] thread 2: 770 hashes, 22.06 H/s
[2014-05-28 02:31:10] accepted: 47/47 (100.00%), 84.96 H/s at diff 8200.01 (yay!!!)
[2014-05-28 02:31:49] thread 0: 1102 hashes, 27.92 H/s
[2014-05-28 02:31:58] thread 3: 1327 hashes, 27.77 H/s
[2014-05-28 02:31:58] thread 1: 1349 hashes, 27.80 H/s
[2014-05-28 02:31:59] thread 2: 1325 hashes, 27.01 H/s
[2014-05-28 02:32:49] thread 0: 1677 hashes, 27.92 H/s
[2014-05-28 02:32:58] thread 2: 1622 hashes, 27.71 H/s
[2014-05-28 02:32:58] thread 1: 1669 hashes, 27.80 H/s
[2014-05-28 02:32:59] thread 3: 1668 hashes, 27.01 H/s
[2014-05-28 02:33:10] Stratum connection timed out
[2014-05-28 02:33:10] Stratum connection interrupted
[2014-05-28 02:33:10] thread 2: 350 hashes, 27.79 H/s
[2014-05-28 02:33:10] thread 0: 578 hashes, 27.88 H/s
[2014-05-28 02:33:10] thread 3: 291 hashes, 27.23 H/s
[2014-05-28 02:33:10] thread 1: 323 hashes, 27.63 H/s
[2014-05-28 02:33:10] Pool set diff to 200
[2014-05-28 02:33:10] Stratum detected new block
[2014-05-28 02:33:10] thread 3: 7 hashes, 26.22 H/s
[2014-05-28 02:33:10] thread 0: 7 hashes, 25.64 H/s
[2014-05-28 02:33:10] thread 2: 8 hashes, 26.49 H/s
[2014-05-28 02:33:10] thread 1: 7 hashes, 24.14 H/s
[2014-05-28 02:33:17] thread 1: 167 hashes, 27.32 H/s
[2014-05-28 02:33:17] accepted: 48/48 (100.00%), 105.66 H/s at diff 200 (yay!!!)

[aerbax]

I'm using http://moneropool.org/ and it says total paid, but nothing has shown up in mywallet for simplewallet.exe

why?

Type "refresh" in your wallet.

[Ed4252]

I'm using http://moneropool.org/ and it says total paid, but nothing has shown up in mywallet for simplewallet.exe

why?

Type "refresh" in your wallet.

wallet failed to connect o daemon

[huhliki.k]

Just in case anyone missed it amidst the flurry of activity, the I2P team as also posted about our partnership here:

https://geti2p.net/en/blog/post/2014/05/25/Monero-partnership

We look forward to continuing to bring about real innovation and improvements for our users in a way that doesn't risk their privacy and security by adding bloated dependencies, potential insecurities, and additional attack surfaces.

- updated by fluffypony

And what makes for coins partnership with I2P?

[aminorex]

Wealth centralization occurs in currencies with very large inflation.  Wealth is Zipf distributed.  Live with it.  If you want a coin amenable to progressive taxation, starting with privacy enhanced monero is the wrong place.  States will tax bitcoin and redistribute.  They are unlikely to redistribute monero.  I have respect for the view that better distribution leads to a healthier economy, lifting all boats.  I have no respect for confiscation by inflation.  Building a bully, a robber, into the coin will not win you friends.

Constant reward solves the problem of mining incentives quite adequately because a non-exponential growth in supply will never exceed the growth of the economy, and thus the reward will appreciate at roughly the same rate as the growth of the economy.  It is perfectly balanced, by its very nature.   An exponential reward just creates bifurcated dangers:  Either it devalues the coin, or else it over-incentivizes miners, resulting in a huge waste of hash (electrical) power.  The probability of reward value tracking the growth of the economy is approximately zero in an exponentially growing reward system.

Personally, I would not invest in a currency with exponential supply, period.  It has no future because it will not be adopted by the majority of users.  It will fail to attain monopoly control if its niche. Since I am not going to be invested in such a currency, I will never use it: I have a disincentive to use it because that detracts from the currency in which I am invested.  I think this is a majority view, among cryptocurrency early adopters.  Thus it would be ill-advised to invest time, energy, creativity, or funds into such a currency.

Constant reward is superior to bitcoin.  And that's a very favorable thing to have said about a fledgling crypto. The history of exponential money supply growth on the other hand is a history of disaster and tragedy.

[cava]

Monero (MRO) added to whatmine.com

Please verify in calculations are ok ! Contact form is available

[AlexGR]

if mro wants to win the race against XC its gonna need to hurry  up

XC is a pump and dump.  Nobody will be touching it 2 weeks from now.

why will no one be touching it 2 weeks from now. what does monero need to get the lift.

Less inflation. There are too many BTCs required per day just to keep the price steady.

[aminorex]

Personally I don't see much value in a PC GUI wallet.  In order to make in-person transactions possible, in order to reach the many unbanked who have no PCs or have PCs with no Internet, you need a mobile wallet.  The main value of a PC GUI wallet is (1) online shoppers stuck in the 1990s, and (2) forcing trolls to be more creative.

It is remarkably easy to make an Android wallet if you accept that it will be an RPC client.   I think that's perfectly acceptable, since you can run your own bitmonerod if you don't want to trust a public server.  Obviously it will need to use a client ssl cert.  The only bit I'm not personally familiar with is dealing with QR codes, but there are plenty of examples.  A simplewallet work-alike with automated certificate installation, QR read and write, balance readout, send and request, based on dyking out unused bits of mycelium and just showing the bare minimum should be a days work for a practiced ADK user, or a week's work for a good coder who is an ADK neophyte.  Then the local market features of mycelium would be easy to integrate.  

Actually, I think keeping all of Mycelium, and just adding Monero as a new tab would be very cool, now that I think about it.  You could later on add local market with automated escrow quite easily, which would make it very easy to get monero p2p via advertisements, or do monero<->fiat in the same manner as bitcoin.

In fact, I made inquiries with the company to see if they would be interested in supporting MRO markets (and taking their fees) if I supplied client code of suitable quality.

[Zer0Sum]

I'm using http://moneropool.org/ and it says total paid, but nothing has shown up in mywallet for simplewallet.exe

why?

Type "refresh" in your wallet.

wallet failed to connect o daemon

Here's the excellent readme.txt that comes with QCN...
MRO works exactly the same... follow these instructions carefully.

http://textuploader.com/9f0y!

[cebb]

Personally I don't see much value in a PC GUI wallet.  In order to make in-person transactions possible, in order to reach the many unbanked who have no PCs or have PCs with no Internet, you need a mobile wallet.  The main value of a PC GUI wallet is (1) online shoppers stuck in the 1990s, and (2) forcing trolls to be more creative.

There is a lot of value in a PC GUI wallet if we want to attract new users. There are lot of traders/investors out there who want to buy monero for its disruptive ring sig technology but are not willing to keep the coins on an exchange. These investors are not proficient in using command line wallet. and the .NET wallet is not reliable as well. Even transfer from one exchange to another is still not possible. Also we need to make it easier for new exchanges to list MRO. currently only poloniex is the only well known exchange to list it. we need BTER, Mintpal and Cryptsy as well.

Now why do we need new investors and exchanges who cannot even operate a command line wallet? Because we need MROs price to rise. MRO market cap may not fall much from its current value in USD/BTC but with every day passing, value of each MRO gets diluted because of majority of newly minted 24K new coins dumped everyday. This cause coins price to decline steadily.


I have seen a lot of posts in here saying that price of MRO does not matter and we are not after making a quick profit but to develop something new from scratch that will change the world. Similar posts were prevalent in Dogecoin. I am not comparing MRO with Dogecoin by any means but still there are lessons to be learned from failure the of Dogecoin.

A) No matter how involved the community is price of coin will not rise unless there is something done to absorb all the new coins in market.

B) If speculators/investors don't see value of coin rising, they simply will not buy it and without them price of coin will not rise.

Why do we need MRO price to rise? because there is little motivation to donate to bounties if the coins price falls. Lets say I buy 1000 MRO today for 4 BTC. After a week if they are worth only 3 BTC I will either hold them and forget about it or in worse case sell them at loss. But if it worth 5 BTC after a week and 6 BTC after 2 weeks. I have vested interest in coin and i would be happy to contribute 10 MRO to the bounties hoping it will further raise MRO price. Also more coders/devs will want to get involved if MRO price is on rise.

[surfer43]

looks like the logo was decided 

https://99designs.com/logo-design/contests/monero-mro-cryptocurrency-logo-design-contest-382486