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

[johnfoss]

The MONERO MOON (Issue 18) is OUT NOW! After a short break we are back with all your Monero news to keep you up to date with what's been happening in the Monero community.

https://medium.com/themoneromoon/the-monero-moon-issue-18-a5db3bed9279


Be sure to share, like, and spread the word or Monero.

[Hueristic]

The law enforcement success intensifies speculation that Colonial Pipeline paid the ransom not to gain access to a decryptor it knew was buggy but rather to help the FBI track DarkSide and its mechanism for obtaining and laundering ransoms.

The speculation is reinforced by the fact that Colonial Pipeline paid in bitcoin, despite that option requiring an additional 10 percent added to the ransom. Bitcoin is pseudo-anonymous, meaning that while names aren't attached to digital wallets, the wallets and the coins they store can still be tracked.

It's possible that Colonial Pipeline chose to pay the higher ransom at the behest of law enforcement because bitcoin could be tracked and monero—the other currency accepted by DarkSide—is completely untraceable.

https://arstechnica.com/gadgets/2021/06/us-seizes-2-3-million-colonial-pipeline-paid-to-ransomware-attackers/

[giammangiato]

I'm sorry that monero is only mentioned when there are ransoms to be paid, in reality it is a very good project that helps protect your privacy

at the moment bitcoin is less respectful, you have to use tricks like coinjoin to be more safe

[Hueristic]

I'm sorry that monero is only mentioned when there are ransoms to be paid, in reality it is a very good project that helps protect your privacy

at the moment bitcoin is less respectful, you have to use tricks like coinjoin to be more safe

It is proof that it passes the litmus test.

[MoneyJ]

Privacy still matters and still Monero is just a mile away to be recognized and develop to a strong candidate for store of value. Developers keep on feeding ideas as to how blockchains can be taken advantage with its wide range of decentralized finance and applications.

[baro77]

Hi guys!

I want to share my third cheatsheet about Monero's crypto efforts towards confidentiality: this one is about Ring Confidential Transactions (the Type 5, CLSAG based ones):

    https://baro77.medium.com/monero-ringct-cheatsheet-8a9fcf580600?source=friends_link&sk=4504b16263b3beb4152498662bd4b9ae

Hope it will be useful and interesting for you to check it out at least as much as it was for me to create it!

[bitebits]

https://www.qubes-os.org/news/2021/06/11/qubes-os-project-now-accepting-donations-in-monero/

[EuSouBitcoin]

Why some cyber criminals are ditching bitcoin for a cryptocurrency called monero

https://www.cnbc.com/2021/06/13/what-is-monero-new-cryptocurrency-of-choice-for-cyber-criminals.html

[johnfoss]

The Monero Moon (Issue 19) is out now!

The Monero Moon is a curated weekly newsletter regarding all things Monero.

Feel free to share it around to help spread the word of Monero!

https://medium.com/themoneromoon/the-monero-moon-issue-19-53046f499e7e

[Hueristic]

https://arstechnica.com/information-technology/2021/06/monero-emerges-as-crypto-of-choice-for-cybercriminals/?comments=1

Russia-linked REvil, the notorious ransomware group believed to be behind the attack this month on meatpacker JBS, has removed the option of paying in bitcoin this year, demanding monero only, according to Brett Callow, threat analyst at Emsisoft.

Meanwhile, both DarkSide, the group blamed for the Colonial Pipeline hack, and Babuk, which was behind the attack on Washington DC police this year, allow payments in either cryptocurrency, but charge a 10 to 20 percent premium to victims paying in riskier bitcoin, experts say.

Damn, those commenters are morons, I wonder if they are shills.

[Hueristic]

Jameson Lopp discusses Bitcoin's unorthodox governance (or lack thereof), the utility of privacy wallets, the benefits of privacy coins like Monero

https://www.youtube.com/watch?v=686w0AGSGjI

[hd49728]

Jameson Lopp discusses Bitcoin's unorthodox governance (or lack thereof), the utility of privacy wallets, the benefits of privacy coins like Monero

https://www.youtube.com/watch?v=686w0AGSGjI

It is another confirmation from a prestigious crypto-enthusiast about Monero.

Monero: A good long-term investment?
Will Monero come back after the community realize the fact that no one can break the privacy of Monero transaction so far.

theymos mentioned about Monero in [Guide] Decent mixing methods

#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

[developeron29]

Real time Monero(XMR) price trend chart

https://everycoinprice.com/?symbol=XMR

[primer-]

Hello people, what did i miss in the last 5 years?

[Hueristic]

Hello people, what did i miss in the last 5 years?

Globee proposal leaked on irc, #monero-pools:

<dr-mike> Dr. Mike Maltas Globee 'secret' proposal details are now here :  https://expirebox.com/download/6b629792384ed9ddd492e3c6cc40ed99.html

Fluffy shills have been reporting the file so it has been deleted. Here's another link : https://my.mixtape.moe/aulury.pdf

Just coming out of ignoring you for a brief moment to say this.

You are, and always have been, a greasy little tool.

Ok.. back to ignoring you.

My damn memory! So when primer shows up is is bullish or bearish sign?

[fastlight]

17m txs soon...

#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

Monero isn't mixing, it's just fungible (the consequence of fungible, is private). By the way the bold part is very important.  

Did you try : https://xmr.poker/en/join

Will see if you really have those diamond hands .

Furthermore, what should be critical for XMR is

1) the work on haveno/commit.
2) an openbazaar based on xmr (something not super upper dark net)
3) a zeronet clone based on xmr addys (without udp leaks).

with all those 3 + poker (once they add onion.v3)... we have a solid "ecosystem".

[Hueristic]

Did you try : https://xmr.poker/en/join

I don't see anything on the provability of the random seed on this site, IE provably fair game check.

[johnfoss]

The Monero Moon (Issue 22) is now available for your reading pleasure. Grab a cup of coffee or a bottle of beer and kick back for a read. Like, share, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://medium.com/themoneromoon/the-monero-moon-issue-22-e37d7f4bbe5a

[Hueristic]

The Monero Moon (Issue 22) is now available for your reading pleasure. Grab a cup of coffee or a bottle of beer and kick back for a read. Like, share, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://medium.com/themoneromoon/the-monero-moon-issue-22-e37d7f4bbe5a

@johnfoss
No mention of Diego “rehrar” Salazar I see, so your taking your journalistic integrity ques from mainstream media?

[baro77]

[...]
@johnfoss
No mention of Diego “rehrar” Salazar I see, so your taking your journalistic integrity ques from mainstream media?

@Heuristic
Monero Moon dealt with it in issues 20 and 21

(disclaimer I don't personally know @johnfoss and I think he doesn't need my "defense", this post of mines just for the sake of information)