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

[gaba]

I mining in moneropool.com,  pool dispaly Total Paid: 3053.306690000000 XMR, but I only received about 2830 XMR, this is normal?

Wow. Every day. You are proud owner of Sequoia - BlueGene/Q supercomputer or?
Obviously price of MRO is too high right now.

Not any close to supercomputer. He once stated in another thread he has 50 or more Xeon CPU. So no surprise here, A lot of admins with plenty of CPUs are mining Monero right now.

Now I'am sure that price of MRO will be much lower. They are getting MRO for free. Good job.

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[rpietila]

Now I'am sure that price of MRO will be much lower. They are getting MRO for free. Good job.

The price will anyway be whatever the market will bear, and the marginal miner will mine at a loss. The reason why "illegitimate mining" (stolen resources in a way or another) is bad, is the reduced legitimacy of the product.

PoS-coins are all generated without any burn of capital ("free coins"). In my eyes they are illegitimate AND economically unfunctional. Monero at least is economically functional, even if a large % of the coins were generated with stolen resources. Economically it does not make a difference.

[fluffypony]

Now I'am sure that price of MRO will be much lower. They are getting MRO for free. Good job.

The price will anyway be whatever the market will bear, and the marginal miner will mine at a loss. The reason why "illegitimate mining" (stolen resources in a way or another) is bad, is the reduced legitimacy of the product.

PoS-coins are all generated without any burn of capital ("free coins"). In my eyes they are illegitimate AND economically unfunctional. Monero at least is economically functional, even if a large % of the coins were generated with stolen resources. Economically it does not make a difference.

Too true. Also, Monero's relatively high emission rate means that a large portion of the cryptocurrency will be pushed into the market over the next 8-ish years. This means that Monero's price, as determined by the market, hinges heavily on its utility. Right now it has virtually no utility, and I suspect it would be premature to try and force utility when we lack stable and reliable merchant tooling as well as an intuitive and friendly user interface.

In the coming months all of those things will come, though, and with an increase in utility will come an increase in market demand. The worst thing we can do now is rush unfinished, untested and, insecure code out the gate because everyone is price-watching:-P

[gaba]

I would like to donate 100 XMR for mobile wallet. Can we add bounty for that on first page.

[Bitcoin++]

An idea for the GUI Wallet:

Why not implement a chat / message service? It can have one-on-one chats, chatrooms, and email-like messaging. Everything will be encrypted of course. I don't know if this can be done within CryptoNote or if a workaround is better?

Reason I suggest this is that this will really, really set Monero apart. Right now CryptNote coins have the best privacy, and Monero has the best momentum among these, but it's easier said than done to attract an entire community. So I mean, if there's a chat & transfer combined GUI wallet, you'll attract all those thousands of people looking for a safer alternative to emails. Being able to transact comes as a bonus to most, something they'll learn to value but perhaps don't see the point in quite yet.

[drawingthesun]

An idea for the GUI Wallet:

Why not implement a chat / message service? It can have one-on-one chats, chatrooms, and email-like messaging. Everything will be encrypted of course. I don't know if this can be done within CryptoNote or if a workaround is better?

Reason I suggest this is that this will really, really set Monero apart. Right now CryptNote coins have the best privacy, and Monero has the best momentum among these, but it's easier said than done to attract an entire community. So I mean, if there's a chat & transfer combined GUI wallet, you'll attract all those thousands of people looking for a safer alternative to emails. Being able to transact comes as a bonus to most, something they'll learn to value but perhaps don't see the point in quite yet.

I've been reading the source and trying to see if such functionality is possible. I have a way it could be done without causing issue to the core blockchain or code but I need to do a lot more research. So if I can say anything it's this; don't write off us adding such features at some point.

However, right now there are fundamental issues that need to be fixed and better understood, the CryptoNote blockchain is a new beast and we really need to hammer out the core first.

I'm all for setting Monero apart, but first we need to make it as easy to use Monero as it is to use Bitcoin. Don't worry though, many of us are trying to figure out possible ways we can get these features. But they will have to be done in a different way. For example I am against the Nxt method, I am against storing things like messages in the blockchain. I find that people add these features without really thinking them through. I support Nxt but I believe certain things need to be planned and done differently. If I can formalise my ideas into a concept I'll likely try to apply it to Monero.

But this is a ways off, we need an effortless wallet and a GUI first. We need to stop getting in the users way even if they have too many dust payments, we need to wallet to take care of many things that should be behind the scene (of course the advanced user can always push the transactions are we are doing now)

[rpietila]

Now I'am sure that price of MRO will be much lower. They are getting MRO for free. Good job.

The price will anyway be whatever the market will bear, and the marginal miner will mine at a loss. The reason why "illegitimate mining" (stolen resources in a way or another) is bad, is the reduced legitimacy of the product.

PoS-coins are all generated without any burn of capital ("free coins"). In my eyes they are illegitimate AND economically unfunctional. Monero at least is economically functional, even if a large % of the coins were generated with stolen resources. Economically it does not make a difference.

Too true. Also, Monero's relatively high emission rate means that a large portion of the cryptocurrency will be pushed into the market over the next 8-ish years. This means that Monero's price, as determined by the market, hinges heavily on its utility. Right now it has virtually no utility, and I suspect it would be premature to try and force utility when we lack stable and reliable merchant tooling as well as an intuitive and friendly user interface.

In the coming months all of those things will come, though, and with an increase in utility will come an increase in market demand. The worst thing we can do now is rush unfinished, untested and, insecure code out the gate because everyone is price-watching:-P

I fully support this kind of thinking. Instead of planning the coin to live 2 weeks for a premine&pump or 2 months for a quickmine&pump, the plan to have a steady and slow emission (the slowness absurdly enough translates to "high inflation" when all the competition is instamined and has therefore a "low inflation" at the time when the coin is actually buyable by the users & investors) over 2 years is preferable to me, with the time well spent in developing functional and secure resources how to use it, and distribute it to the hands of BTC powerhouses.

I am not interested in jumping in to anything that does not have a realistic long-term chance of success. Monero has it, so it does not matter a squat what the price is during the following 6 months (except that if it goes down, I will buy more). When I started with BTC, the first thing it did after I bought at $3 was a drop to $2. No problem, I first sold at $200+

[fluffypony]

An idea for the GUI Wallet:

Why not implement a chat / message service? It can have one-on-one chats, chatrooms, and email-like messaging. Everything will be encrypted of course. I don't know if this can be done within CryptoNote or if a workaround is better?

Reason I suggest this is that this will really, really set Monero apart. Right now CryptNote coins have the best privacy, and Monero has the best momentum among these, but it's easier said than done to attract an entire community. So I mean, if there's a chat & transfer combined GUI wallet, you'll attract all those thousands of people looking for a safer alternative to emails. Being able to transact comes as a bonus to most, something they'll learn to value but perhaps don't see the point in quite yet.

IF anything like that is added as a feature it will only happen in the distant future once the more important and fundamental functions have been completed.

[fluffypony]

I've been reading the source and trying to see if such functionality is possible. I have a way it could be done without causing issue to the core blockchain or code but I need to do a lot more research. So if I can say anything it's this; don't write off us adding such features at some point.

However, right now there are fundamental issues that need to be fixed and better understood, the CryptoNote blockchain is a new beast and we really need to hammer out the core first.

I'm all for setting Monero apart, but first we need to make it as easy to use Monero as it is to use Bitcoin. Don't worry though, many of us are trying to figure out possible ways we can get these features. But they will have to be done in a different way. For example I am against the Nxt method, I am against storing things like messages in the blockchain. I find that people add these features without really thinking them through. I support Nxt but I believe certain things need to be planned and done differently. If I can formalise my ideas into a concept I'll likely try to apply it to Monero.

But this is a ways off, we need an effortless wallet and a GUI first. We need to stop getting in the users way even if they have too many dust payments, we need to wallet to take care of many things that should be behind the scene (of course the advanced user can always push the transactions are we are doing now)

Agreed. The idea of secure messaging is nice, and maaaaaybe when I2P integration is feature-complete we can look at bolting the I2P-Bote email system into the client and have a specific identity prefix or suffix for Monero users.

[cindereynolds]

I don't mind this low price at all. i just hope it stays low for a while, while I sell my other cryptos to stock up.

[jimhuang]

I don't mind this low price at all. i just hope it stays low for a while, while I sell my other cryptos to stock up.

I don't sell them at 650000 and watch them drop to 200000 ..You don't mind..but. I do mind

[kalisto]

I don't mind this low price at all. i just hope it stays low for a while, while I sell my other cryptos to stock up.

Exactly my thinking. I keep stacking Monero with small buys over time. This coin will succeed.

[armcoin]

why change the coin name?

[rpietila]

I don't mind this low price at all. i just hope it stays low for a while, while I sell my other cryptos to stock up.

I don't sell them at 650000 and watch them drop to 200000 ..You don't mind..but. I do mind

If you thought that they were worth having at 650000, why don't you buy more as at 200000 they are a bargain?

[teamcryptonator]

Hey guys!

We have just added XMR to Cryptonator so now you can use all its free features

• Convert it to any other crypto or fiat using converter
• Check progress with Winners & Losers
• Track value of all owned coins using Portfolio
• Find exchanges which trades Monero on Exchanges
• Place fully customizable price tickers on your website

Should you own an iPhone or an Android device, we also have all these in our free mobile apps for iOS / Android

Cheers

[David Latapie]

Convert it to any other crypto or fiat using converter

Broken link

[dreamspark]

why change the coin name?

You mean from Bitmonero or the ticket to XMR?

[Alpharisc]

Are there any instructions for getting monero working on Debian Wheezy?

[David Latapie]

Are there any instructions for getting monero working on Debian Wheezy?

https://bitcointalk.org/index.php?topic=583449.msg6945897#msg6945897

Please mention any oversight

[jimhuang]

I don't mind this low price at all. i just hope it stays low for a while, while I sell my other cryptos to stock up.

I don't sell them at 650000 and watch them drop to 200000 ..You don't mind..but. I do mind

If you thought that they were worth having at 650000, why don't you buy more as at 200000 they are a bargain?

Maybe you are right..Buy I have no more BTC...