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

[Drhiggins]

So I'm thinking of setting up a small site to sell some goods.  I would want to integrate Monero but my question is this.  Is there an automated script or process that would adjust the value of XMR to U.S. dollars say like every 15 minutes?

I would probably need some support from the true techs here if I go with this project.   

[GingerAle]

More projects needed.
It's the rite time to start, and that start have to be rapid.

What kind of projects?

I was thinking of starting a hosting reseller dealing exclusively in monero using innohost. Truly private hosting. Can't develop a web page for crap though.

stslimited talked about colored coins in the xmr blockchain, which could be interesting - you could verify ownership of assets only if you wanted to, by providing your view key.

I still think a custom version of ubuntu with a GUI monero wallet that could be put on a 64 gig USB stick to create a monero vault for the inexperienced would be good too.

[David Latapie]

So I'm thinking of setting up a small site to sell some goods.  I would want to integrate Monero but my question is this.  Is there an automated script or process that would adjust the value of XMR to U.S. dollars say like every 15 minutes?

I would probably need some support from the true techs here if I go with this project.  

xmrmonero.com offers any project, product or service a page to promote itself. Drhiggins, Ginger Ale, your projects could be the next entrants.

Below the three first entrants (once a critical mass will be reached, we will change the menu):




Latest entrant is Moneroblok: https://xmrmonero.com/page/en/moneroblock

How it works:
1. Submit you project (or someone else's project) with the "contact us" link
2. If your project is accepted, a page will be created and you will be given editing right for this page only (guest editing).

You can have your content translated in as many languages as you want (go to the "translate" page and start editing - if your language is not available, contact me). You can see for instance that Moneroblocks already has a Portuguese translation (I'm still working on some minor but annoying technical issues.

Since you have full editing rights, you can update the content as often as you want and as you see fit. Eventually, some limitations regarding what can be written will have to be enforced, but for the moment, this is pretty free-form.



Do you part to make the Monero ecosystem grow!

[Drhiggins]

Well thank you all.  My site would be selling firearm ammunition in the U.S.  It would have a fiat prossessing but I want to incorporate XMR maybe BTC.  Most transaction interfaces (A.K.A. Shopping Cart Software) are not going to be set up to integrate Monero but some might integrate BTC. Its a good way off to get it rolling but I have sold many things online over the years and know how to get a site up.  Gonna start playing around with it very soon.  My main thing to help Monero out, is to offer it as a payment option.  Anyway I'll ask and look at the Monero resources and people within the Monero community when the time comes.

I can't work for the Government much longer, its killing my soul. LOL
  

[papa_lazzarou]

moneroblocks.eu guy: (i forget who you were, and don't feel like digging through this thread):

Hello Dave!

Do you have any other plans for moneroblocks.eu?

Yes. As I said initially its a little crude. I happen to share David's view. If it works put it out there. Worry about perfection later.

Most changes in the near term won't be visible.

I think it'd be awesome if you could essentially clone all of the stuff thats provided on blockchain.info for the bitcoin network.

Me too!  But that could take a while.

specifically, I think it'd be awesome to have a list of active peers. or the globe representation of that would be even awesomer.

That is a nice idea. I'll put it in the todo list.

I'll throw 5 xmr your way to make this happen.

Thanks. I'll hold you to it!!!

I just think it'd be great to see the actual depth of the network. I know there is a boatload of hash, but how many copies of the ledger are out there?

And this should reaallly be integrated into mymonero as a tab or something. I.e., how secure are my transactions if I work with monero? Oh great, here is everything on this fancy web wallet.

even cooler if this stuff is in the GUI. God I can't wait to see that. Seriously, anybody got anything I can debug (that I can actually build? dependencies are a pain if your a guy who just broke the habit of trying to ctrl+c to copy code from terminal)

And now you're just ranting... lol

[GingerAle]

^^ word, well, when I get home I'll send it and PM u a payment ID

[papa_lazzarou]

^^ word, well, when I get home I'll send it and PM u a payment ID

I was thinking you'd want to escrow that. To be released on completion.

[bobabouey2]

Prosecutors Trace $13.4M in Bitcoins From the Silk Road to Ulbricht’s Laptop

http://www.wired.com/2015/01/prosecutors-trace-13-4-million-bitcoins-silk-road-ulbrichts-laptop/

And: http://www1.icsi.berkeley.edu/~nweaver/ulbricht_direct.html

[AnonCoinTwitter]

DRK founder replied to this issue today. Sounds like he thought about it when designing the masternodes

Anyone care to address the implications of this question? If registration of Masternodes is required, the penalties for not doing so could be significant.

The real question in my mind in the Monero vs Darkcoin debate is:

Are Darkcoin masternodes Money Transmitters under FinCEN regulations? This is significant given that a significant number of Darkcoin masternodes are under US jurisdiction.

This is far from clear from reading the FinCEN rulings http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R001.pdf and http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R012.pdf. The situation for Monero is on the other hand clear given the existing rulings involving Bitcoin above, since there is no masternode equivalent in Monero that a regulator can regulate.

"FinCEN understands that Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another. Instead, the user is free to use the mined virtual currency or its equivalent for the user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use. To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations,"

Sounds very clear to me, Masternodes are not MSBs. (I'm not a lawyer, take it for what it's worth)

Thank you for your response on this!

Based on the amount of money involved, at this point do you think talking to a lawyer would be a good idea? Should the community be raising some funds for that purpose?  Perhaps if there was more clarity on the issue, more people would consider starting masternodes (assuming they are permissible under the current regulatory environment).

[bobabouey2]

"FinCEN understands that Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another. Instead, the user is free to use the mined virtual currency or its equivalent for the user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use. To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations,"

Sounds very clear to me, Masternodes are not MSBs. (I'm not a lawyer, take it for what it's worth)

"Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another."

Isn't that exactly what a Masternode does. You are taking other people's coins, mixing it up, and sending it to other people, for the benefit of other people.

[smooth]

"FinCEN understands that Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another. Instead, the user is free to use the mined virtual currency or its equivalent for the user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use. To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations,"

Sounds very clear to me, Masternodes are not MSBs. (I'm not a lawyer, take it for what it's worth)

"Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another."

Isn't that exactly what a Masternode does. You are taking other people's coins, mixing it up, and sending it to other people, for the benefit of other people.

No that isn't what masternodes do. They mix up addressing information but the masternodes don't take possession of the coins.

[bobabouey2]

"FinCEN understands that Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another. Instead, the user is free to use the mined virtual currency or its equivalent for the user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use. To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations,"

Sounds very clear to me, Masternodes are not MSBs. (I'm not a lawyer, take it for what it's worth)

"Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another."

Isn't that exactly what a Masternode does. You are taking other people's coins, mixing it up, and sending it to other people, for the benefit of other people.

No that isn't what masternodes do. They mix up addressing information but the masternodes don't take possession of the coins.

Fair point.  Can I rephrase it to say that they are assisting others in sending their coins to other persons for the benefit of others?

[dewdeded]

Bitcoin users are called "Bitcoiner(s)".
Litecoin users are called "Litecoiner(s)".
etc.

How are Monero users called?

Is there already a cool name/term? Or do we need to create/find one? Obvious best via a community decision.

[GingerAle]

Bitcoin users are called "Bitcoiner(s)".
Litecoin users are called "Litecoiner(s)".
etc.

How are Monero users called?

Is there already a cool name/term? Or do we need to create/find one? Obvious best via a community decision.

Monerian.

or if there's Esperanto rules regarding this, that would pertinent. Monerita?

[dewdeded]

Are u guessing or do you know that for sure, like this being the (semi) offical term?

Kinda hope it's not. IMHO, Monerian sounds pretty lame and seems bad marketing-wise.

I am interested in hearing more opinions.

[luigi1111]

"FinCEN understands that Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another. Instead, the user is free to use the mined virtual currency or its equivalent for the user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use. To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations,"

Sounds very clear to me, Masternodes are not MSBs. (I'm not a lawyer, take it for what it's worth)

"Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another."

Isn't that exactly what a Masternode does. You are taking other people's coins, mixing it up, and sending it to other people, for the benefit of other people.

No that isn't what masternodes do. They mix up addressing information but the masternodes don't take possession of the coins.

Fair point.  Can I rephrase it to say that they are assisting others in sending their coins to other persons for the benefit of others?

I'm not sure.

They just coordinate a group signature with multiple inputs and outputs. However, the design of it presently is that no one is actually transacting money; the matching inputs and outputs always belong to the same person. That makes it seem pretty unlikely to me that they'd be classified as MSBs, though how the old version (where they coordinated on-the-fly mixing for actual transactions (sender and receiver were different)) would be treated is murkier.

Bitcoin users are called "Bitcoiner(s)".
Litecoin users are called "Litecoiner(s)".
etc.

How are Monero users called?

Is there already a cool name/term? Or do we need to create/find one? Obvious best via a community decision.

My vote is on "Mooners". 

[papa_lazzarou]

Are u guessing or do you know that for sure, like this being the (semi) offical term?

Kinda hope it's not. IMHO, Monerian sounds pretty lame and seems bad marketing-wise.

I am interested in hearing more opinions.

Monerator


EDIT:

My vote is on "Mooners". 

+1

[LiteBit]

I like Monos it plays well with anonymity

[Come-In-Behind]

"FinCEN understands that Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another. Instead, the user is free to use the mined virtual currency or its equivalent for the user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use. To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations,"

Sounds very clear to me, Masternodes are not MSBs. (I'm not a lawyer, take it for what it's worth)

"Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another."

Isn't that exactly what a Masternode does. You are taking other people's coins, mixing it up, and sending it to other people, for the benefit of other people.

No that isn't what masternodes do. They mix up addressing information but the masternodes don't take possession of the coins.

Fair point.  Can I rephrase it to say that they are assisting others in sending their coins to other persons for the benefit of others?

I was thinking that, the masternodes are still assisting in providing services to others.

[dewdeded]

I was thinking that, the masternodes are still assisting in providing services to others.

You are right, they do more services to the network then assisting the TX obfuscating process.