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

[grendel25]

Is Monero anonymous? Why what pros/cons compared to the Darkcoin tech?

Monero endeavours to make privacy in transactions mandatory for ALL transactions, small or large. Unlike privacy forks built on top of Bitcoin, there will soon be no way to opt out of privacy for Monero. Privacy in Monero requires absolutely no external factors that are points of failure like DarkCoin, e.g. masternodes. Instead, the privacy is baked in by cryptographic mechanisms that are provably sound mathematically.

Ok. Whats your thought on this: http://www.cryptoarticles.com/crypto-news/researchers-trace-bitcoin-users-ip-addresses-by-looking-at-transactions
Is this the reason why Bitcoin has declined the past months? Would it be impossible to achieve an analysis like this on the Monero blockchain?

That would be the reason for a lot of people who want anonymity.  But people use credit cards all the time and the lack of anonymity doesn't stop them.  The fact is that many mainstream products are purchasable by bitcoin... well more so than other altcoins.  So the ability to purchase various goods still makes bitcoin superior despite it's lack of anonymity.  And besides that, there are ways around tracebacks.

[Volture]

Is Monero anonymous? Why what pros/cons compared to the Darkcoin tech?

Monero endeavours to make privacy in transactions mandatory for ALL transactions, small or large. Unlike privacy forks built on top of Bitcoin, there will soon be no way to opt out of privacy for Monero. Privacy in Monero requires absolutely no external factors that are points of failure like DarkCoin, e.g. masternodes. Instead, the privacy is baked in by cryptographic mechanisms that are provably sound mathematically.

Ok. Whats your thought on this: http://www.cryptoarticles.com/crypto-news/researchers-trace-bitcoin-users-ip-addresses-by-looking-at-transactions
Is this the reason why Bitcoin has declined the past months? Would it be impossible to achieve an analysis like this on the Monero blockchain?

That would be the reason for a lot of people who want anonymity.  But people use credit cards all the time and the lack of anonymity doesn't stop them.  The fact is that many mainstream products are purchasable by bitcoin... well more so than other altcoins.  So the ability to purchase various goods still makes bitcoin superior despite it's lack of anonymity.  And besides that, there are ways around tracebacks.

However, I don't see why crypto assets would ever replace the standard currencies. Even if we have seen some adoption, its still not very remarkable on the big scale. The small businesses and food stores will probably never have any use of crypto currency. Especially not when its so easy to exchange them for regular money.
Some even say its wrong to call them "crypto currencies", allthough they can be used as such. "Whatever it is, its not money"

This is not in any way a bad thing though, they are still a good resource, and could of course also work as a form of backup if our monetary system would collapse(God forbid).

[fluffypony]

Isn't' it better to have the flexibility to opt out?  Couldn't tell if you were citing this as a pro or a con.  I still think it's important to have other strong coins such as Monero in the marketplace but more fore the reason of having alternatives if bitcoin ever becomes too unattainable.  If they both have the same features and you can buy stuff with it then who cares if the feature you use was the result of a fork or add-on or whatever. 

Monero already has this, and has had it from the genesis block. You can opt-out globally (for a particular address) by publishing your view key, as we have done with the Monero donation address on the OP. We will also add the functionality to reveal the one-time key on a per-transaction basis in future.

[grendel25]

Isn't' it better to have the flexibility to opt out?  Couldn't tell if you were citing this as a pro or a con.  I still think it's important to have other strong coins such as Monero in the marketplace but more fore the reason of having alternatives if bitcoin ever becomes too unattainable.  If they both have the same features and you can buy stuff with it then who cares if the feature you use was the result of a fork or add-on or whatever. 

Monero already has this, and has had it from the genesis block. You can opt-out globally (for a particular address) by publishing your view key, as we have done with the Monero donation address on the OP. We will also add the functionality to reveal the one-time key on a per-transaction basis in future.

Well in that case it's just a matter of doing what Bitcoin has done in order for Monero to gain value.  Monero needs to be accepted as a payment method by more merchants just like Overstock, Newegg, TigerDirect, etc etc etc. 

[generalizethis]

Isn't' it better to have the flexibility to opt out?  Couldn't tell if you were citing this as a pro or a con.  I still think it's important to have other strong coins such as Monero in the marketplace but more fore the reason of having alternatives if bitcoin ever becomes too unattainable.  If they both have the same features and you can buy stuff with it then who cares if the feature you use was the result of a fork or add-on or whatever. 

Monero already has this, and has had it from the genesis block. You can opt-out globally (for a particular address) by publishing your view key, as we have done with the Monero donation address on the OP. We will also add the functionality to reveal the one-time key on a per-transaction basis in future.

Well in that case it's just a matter of doing what Bitcoin has done in order for Monero to gain value.  Monero needs to be accepted as a payment method by more merchants just like Overstock, Newegg, TigerDirect, etc etc etc. 

Bitcoin, for all the places you shop.

Monero, for all the places you don't.

 

[jwinterm]

Isn't' it better to have the flexibility to opt out?  Couldn't tell if you were citing this as a pro or a con.  I still think it's important to have other strong coins such as Monero in the marketplace but more fore the reason of having alternatives if bitcoin ever becomes too unattainable.  If they both have the same features and you can buy stuff with it then who cares if the feature you use was the result of a fork or add-on or whatever. 

Monero already has this, and has had it from the genesis block. You can opt-out globally (for a particular address) by publishing your view key, as we have done with the Monero donation address on the OP. We will also add the functionality to reveal the one-time key on a per-transaction basis in future.

Well in that case it's just a matter of doing what Bitcoin has done in order for Monero to gain value.  Monero needs to be accepted as a payment method by more merchants just like Overstock, Newegg, TigerDirect, etc etc etc. 

I'm not saying that it would be a bad thing for Monero to be accepted as a means of payment at large online retailers like Overstock, Newegg, and Tigerdirect, but during the time period that Bitcoin has been accepted at these retailers, it's value (related to the USD) has been pretty steadily decreasing. So, maybe, just be careful what you wish for...

[pa]

Isn't' it better to have the flexibility to opt out?  Couldn't tell if you were citing this as a pro or a con.  I still think it's important to have other strong coins such as Monero in the marketplace but more fore the reason of having alternatives if bitcoin ever becomes too unattainable.  If they both have the same features and you can buy stuff with it then who cares if the feature you use was the result of a fork or add-on or whatever. 

Monero already has this, and has had it from the genesis block. You can opt-out globally (for a particular address) by publishing your view key, as we have done with the Monero donation address on the OP. We will also add the functionality to reveal the one-time key on a per-transaction basis in future.

Well in that case it's just a matter of doing what Bitcoin has done in order for Monero to gain value.  Monero needs to be accepted as a payment method by more merchants just like Overstock, Newegg, TigerDirect, etc etc etc. 

I'm not saying that it would be a bad thing for Monero to be accepted as a means of payment at large online retailers like Overstock, Newegg, and Tigerdirect, but during the time period that Bitcoin has been accepted at these retailers, it's value (related to the USD) has been pretty steadily decreasing. So, maybe, just be careful what you wish for...

The first few merchants (alpaca socks, memorydealers) were very good for Bitcoin. We need a few dozen of those.

[btell]

fluffypony, tacotime, can you unveil new Monero Monday Missive politics? They will be on regular time basis or not?

[Hueristic]

fluffypony, tacotime, can you unveil new Monero Monday Missive politics? They will be on regular time basis or not?

It is NOT in written in stone. Just when there is something new to add. Read the last one a few times it is Massive! and will cover half this year! LOL

[wpalczynski]

Great academic lecture video on dynamics of Dark Markets on the TOR network.  Worth watching folks.
https://www.youtube.com/watch?v=tpXE-luuH1A

[CTTE]

fluffypony, tacotime, can you unveil new Monero Monday Missive politics? They will be on regular time basis or not?

It is NOT in written in stone. Just when there is something new to add. Read the last one a few times it is Massive! and will cover half this year! LOL

It was a great document about the past and what's coming up in the future, I personally found it very interesting and helpful. What's missing are timelines, of any kind for 2015. Even something by quarter would be helpful and a positive boost to those who need some justification for holding a coin that has had them "under water" for months now.

Otherwise, extremely well done.

[dEBRUYNE]

fluffypony, tacotime, can you unveil new Monero Monday Missive politics? They will be on regular time basis or not?

It is NOT in written in stone. Just when there is something new to add. Read the last one a few times it is Massive! and will cover half this year! LOL

It was a great document about the past and what's coming up in the future, I personally found it very interesting and helpful. What's missing are timelines, of any kind for 2015. Even something by quarter would be helpful and a positive boost to those who need some justification for holding a coin that has had them "under water" for months now.

Otherwise, extremely well done.

Quoting smooth on this topic:

What about new missive?

Do missives stay officially Monday's or core devs have changed Missives' schedule?

Let's be realistic about it. The Monday schedule has been the exception rather than the rule. Consider the "Monday Monero Missives" to be a bit of alliterary license from here on out.

Missives will be released when we have something ready to report, often weekly, but not always.

If I may give you a tip: You should idle in #monero-dev on freenode. In that way you will really see what kind of work is being done and what is being discussed.

[ArticMine]

...


Bitcoin, for all the places you shop.

Monero, for all the places you don't.

 

It is way more than this. The big issue here is fungibility https://en.wikipedia.org/wiki/Fungibility If I for example use cash to pay a tax to the state, I do not need to concern my with the issue that someone ten transactions back used the same coins or even same bills for some illegal activity. With XBT this can be an issue otherwise know as taint. With XMR it is like coin, perfectly fungible, even better than bills with serial numbers.

[generalizethis]

...



 

It is way more than this. The big issue here is fungibility https://en.wikipedia.org/wiki/Fungibility If I for example use cash to pay a tax to the state, I do not need to concern my with the issue that someone ten transactions back used the same coins or even same bills for some illegal activity. With XBT this can be an issue otherwise know as taint. With XMR it is like coin, perfectly fungible, even better than bills with serial numbers.

Bitcoin, for all the places you shop.

Monero, for all the places you don't.

And...

Monero, because you shouldn't need to explain where your money has been, where it is at, or where it will be.

Not quite so concise, yes?

[coinits]

I can not connect to wallet because of this error showing up in red:

Code:

bitmonero wallet v0.8.8.6-release
Error: wallet failed to connect to daemon (http://localhost:18081). Daemon either
is not started or passed wrong port. Please, make sure that daemon is running
or restart the wallet with correct daemon address.
**********************************************************************
Use "help" command to see the list of available commands.
**********************************************************************

What's going on? Worked fine two days ago.

[bclcjunkie]

very good points... this is one of the reasons i've diversified into monero, like it or not aside from speculative frenzy bitcoin is facing competition, in fact a lot of speculative money have recently shifted away from it to other cryptos (ripples, stellar and etc), there could've been some real investments too .. bitcoin was raced ahead too soon and too fast by hot money and mtgox fraud leaving destructive trail behind(mining operations that are now crumbling due to price correction, common people that are now in debt due to hype that willybot created and etc), not that it was bitcoin's fault just that it will take a while before it gains trust.. no doubt it leads the race but will it keep it up? in the foreseeable future i do expect a turn of events that will make native anonymous cryptos like monero much more valuable than they are now...

Bitcoin, for all the places you shop.

Monero, for all the places you don't.

And...

Monero, because you shouldn't need to explain where your money has been, where it is at, or where it will be.

Not quite so concise, yes?

[tempusr]

What happened on hitbtc?I can not sell xmr,I was notice that order placement timeout when I submitted a sell order

[Drhiggins]

Question?

Is there an easy tool to figure out the per KB fee?

[smooth]

Question?

Is there an easy tool to figure out the per KB fee?

Not before constructing a transaction, because it depends on the outputs that are chosen to use for it.

[Drhiggins]

Question?

Is there an easy tool to figure out the per KB fee?

Not before constructing a transaction, because it depends on the outputs that are chosen to use for it.

So the amount of data that is used for the transaction dictates the fee and that may vary from transaction to transaction.  Also does mixing factor into how much data is generated.  Trying to wrap my rookie level understanding around this.