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

[David Latapie]

Status: implemented

• English
• Japanese

Aren't Spanish and Portuguese already implemented too?

Adding them, thanks.

[1715072742]

1715072742

[1715072742]

1715072742

[1715072742]

1715072742

[iCEBREAKER]

Monero's 1 year birthday is approaching on April 18, 2015. How do you guys want to celebrate?

Still waiting for 'magic' wallet with tears and bootle of cheap brandy.

Dude, this thing aint gonna be a wallet. Its gonna be an account portal. I remember hearing (fireside chat maybe?) or maybe reading about the concept that "wallet" kinda doesn't make sense. But indeed, you're really just accessing your account thats cryptographically stored in the blockchain.

And this account portal is gonna blow any conventional wallet away. It's gonna be like logging into your standard bank account online, except this account is now your monero account!

I'll celebrate Moneromass by acquiring additional Moneros equal to 1 BTC.  With the Grand 20MB Schism looming, anything could happen.  It's the last chance to get a few more cheap 1st year coins, especially if BTC's civil war gets bloody and is headline news.

"Account portal" is too wordy and nerdy.

Because it contains so many more remarkable things than a wallet, we're calling the new client a "purse."   

[GingerAle]

Monero's 1 year birthday is approaching on April 18, 2015. How do you guys want to celebrate?

Still waiting for 'magic' wallet with tears and bootle of cheap brandy.

Dude, this thing aint gonna be a wallet. Its gonna be an account portal. I remember hearing (fireside chat maybe?) or maybe reading about the concept that "wallet" kinda doesn't make sense. But indeed, you're really just accessing your account thats cryptographically stored in the blockchain.

And this account portal is gonna blow any conventional wallet away. It's gonna be like logging into your standard bank account online, except this account is now your monero account!

I'll celebrate Moneromass by acquiring additional Moneros equal to 1 BTC.  With the Grand 20MB Schism looming, anything could happen.  It's the last chance to get a few more cheap 1st year coins, especially if BTC's civil war gets bloody and is headline news.

"Account portal" is too wordy and nerdy.

Because it contains so many more remarkable things than a wallet, we're calling the new client a "purse."   

I hope not. I've never seen a neat, clean, tidy, efficient purse. The only purses I've seen are bottomless pits of fuckit, because my wife just throws shit in there. That could just be my wife though.

Perhaps briefcase.

[dEBRUYNE]

When Monero is really better than Darkcoin why is then Monero at 23 cent´s??

Marketing plus reuse of the Bitcoin architecture.

and the masternode demand. We should come up with something to artificially create demand for monero - "Now you have to hold 1000 XMR in order to get block rewards!!!"

but not really.

proof of stake nonsense.

moneros a long game.

We've got crypto kingdom for this, you can basicly earn XMR by "investing" your XMR into it -> https://bitcointalk.org/index.php?topic=819073.0

EDIT: This is ofcourse not optimal, but we should think about getting some same incentives the DRK masternodes have. It's a great way to take supply off the market.

[Drhiggins]

Monero's 1 year birthday is approaching on April 18, 2015. How do you guys want to celebrate?

For me it will be buying more XMR and drinking a good Beer in celibration.  Also a toast to the Dev team for all the work that has to be done and future milestones that will happen.

[nakaone]

When Monero is really better than Darkcoin why is then Monero at 23 cent´s??

Marketing plus reuse of the Bitcoin architecture.

and the masternode demand. We should come up with something to artificially create demand for monero - "Now you have to hold 1000 XMR in order to get block rewards!!!"

but not really.

proof of stake nonsense.

moneros a long game.

We've got crypto kingdom for this, you can basicly earn XMR by "investing" your XMR into it -> https://bitcointalk.org/index.php?topic=819073.0

EDIT: This is ofcourse not optimal, but we should think about getting some same incentives the DRK masternodes have. It's a great way to take supply off the market.

the masternode incentive scheme is why evan did not change to ring signatures.

[Quicken]

Monero's 1 year birthday is approaching on April 18, 2015. How do you guys want to celebrate?

Still waiting for 'magic' wallet with tears and bootle of cheap brandy.

Dude, this thing aint gonna be a wallet. Its gonna be an account portal. I remember hearing (fireside chat maybe?) or maybe reading about the concept that "wallet" kinda doesn't make sense. But indeed, you're really just accessing your account thats cryptographically stored in the blockchain.

And this account portal is gonna blow any conventional wallet away. It's gonna be like logging into your standard bank account online, except this account is now your monero account!

I'll celebrate Moneromass by acquiring additional Moneros equal to 1 BTC.  With the Grand 20MB Schism looming, anything could happen.  It's the last chance to get a few more cheap 1st year coins, especially if BTC's civil war gets bloody and is headline news.

"Account portal" is too wordy and nerdy.

Because it contains so many more remarkable things than a wallet, we're calling the new client a "purse."   

I hope not. I've never seen a neat, clean, tidy, efficient purse. The only purses I've seen are bottomless pits of fuckit, because my wife just throws shit in there. That could just be my wife though.

Perhaps briefcase.

Handbag? 

How about smart wallet, by analogy with smart phone?

[Quicken]

Monero's 1 year birthday is approaching on April 18, 2015. How do you guys want to celebrate?

For me it will be buying more XMR and drinking a good Beer in celibration.  Also a toast to the Dev team for all the work that has to be done and future milestones that will happen.

Sounds good. I'll join in a toast to the Dev's, and donate a chunk from my smart wallet if it's available by then.

[David Latapie]

Updated the list (ANN - MEW)

moneroeconomy.com is first (5 voices), xmrmonero.com and monero-economy.com are second (4 voices each)

[David Latapie]

A VC about the price (of Bitcoin, but applies to Monero too if we manage to get VC on boards)

http://www.quora.com/Do-the-VC-investments-in-the-Bitcoin-space-indicate-that-VCs-are-bullish-on-Bitcoins-price-or-that-they-mainly-value-the-technology

"I offer a cliche as an answer to your question - Do you know who made the most money in the California Gold Rush? The people selling the shovels and the pans.

I can speak only for ourselves, but we take a long view on the technology and no view on the price."

[Quicken]

Updated the list (ANN - MEW)

moneroeconomy.com is first (5 voices), xmrmonero.com and monero-economy.com are second (4 voices each)

monero-economy.com is first choice for me; unhyphenated second choice.

[GingerAle]

(snip)

We've got crypto kingdom for this, you can basicly earn XMR by "investing" your XMR into it -> https://bitcointalk.org/index.php?topic=819073.0

EDIT: This is ofcourse not optimal, but we should think about getting some same incentives the DRK masternodes have. It's a great way to take supply off the market.

Hrm, well it seems the best incentive for people to hoard cryptocurrencies is the ability to earn more cryptocurrency.... which is of course, artificial. This doesn't spawn anything outside of the currency's economy.

what sort of thing can we create where people want to privately store things of value with the ability to get a return on that store without losing those things or the ability to use those things whenever they want to......

The first that comes to mind is "hey, send me 1000 XMR and I'll just sit on it and send you 2 XMR a month and you can pull out whenever" and this is sort of like the bond that someone proposed weeks ago. Problem is, without multisig, this is a total trust thing.

However, we could use viewkeys - you create a second XMR account, deposit 1000 XMR there. YOu publish the viewkey, or enter the viewkey into a database. Some algorithm reads the database, reads the viewkey, checks the address, if the address holds greater than 1000 XMR, the algorithm sends 2 XMR to that address.

OH WAIT DID SOMEONE SAY DATABASE?

right. So, you create the new XMR account (bond account). From your personal account, you send a transaction to bond account, with the viewkey as the payment ID. So now the database (the monero blockchain) contains the address of the bond account and the viewkey (is the viewkey the same hexlength as a transaction ID? Are viewkeys different than transaction IDs? Would an algorithm be able to parse out a viewkey amidst a sea of transactions IDs?)

The Backer runs a BackerWallet software. This software scans the blockchain and identifies viewkeys, pops the account, measures amount of XMR, if > 1000 sends n XMR. Perhaps somehow the software can measure how long the XMRs been there (totally possible because the viewkey allows analysis of transactions from that account).

this possible?

incentive for Backer - create demand for holding XMR, so the rest of their holdings go up. Say a whale has 10,000k XMR. For 24 XMR, they could sure up 1,000 XMR for a year, so its like they have 11,000 XMR for the price of 10,024 XMR.

[5w00p]

My only 0.02 XMR:

You seem to confuse yourself here (and you definitely confused me):

So, you create the new XMR account (bond account). From your personal account, you send a transaction to bond account, with the viewkey as the payment ID. So now the database (the monero blockchain) contains the address of the bond account and the viewkey (is the viewkey the same hexlength as a transaction ID? Are viewkeys different than transaction IDs? Would an algorithm be able to parse out a viewkey amidst a sea of transactions IDs?)

So now the database (the monero blockchain) contains the address of the bond account..
It does? I have yet to see an address in the Monero blockchain. Pardon me, but I was under the impression that that's what makes an opaque blockchain an opaque blockchain.

I think you mean Payment ID when you typed Transaction ID, or did you? Transaction hash is the correct nomenclature.

Are viewkeys different than transaction IDs?
You must know that they are different. How could they possibly be the same?

[GingerAle]

My only 0.02 XMR:

You seem to confuse yourself here (and you definitely confused me):

So, you create the new XMR account (bond account). From your personal account, you send a transaction to bond account, with the viewkey as the payment ID. So now the database (the monero blockchain) contains the address of the bond account and the viewkey (is the viewkey the same hexlength as a transaction ID? Are viewkeys different than transaction IDs? Would an algorithm be able to parse out a viewkey amidst a sea of transactions IDs?)

So now the database (the monero blockchain) contains the address of the bond account..
It does? I have yet to see an address in the Monero blockchain. Pardon me, but I was under the impression that that's what makes an opaque blockchain an opaque blockchain.

Right. But if you use a viewkey, you can see addresses? I guess I haven't gotten my head around viewkeys (i've never used one)

I think you mean Payment ID when you typed Transaction ID, or did you? Transaction hash is the correct nomenclature.

Word. Transaction hash. Thanks!!! But yesh, I'm referring to payment ID - the thing you include in a transaction in case you want someone to be able to single out a transaction.

Are viewkeys different than transaction IDs?
You must know that they are different. How could they possibly be the same?

Yes, they are different, but I mean in their architecture / composition - as in, does a payment ID have a specific nature compared to a viewkey. So if I sent someone my viewkey as a payment ID, could an algorithm search the blockchain and find a viewkey amongst the payment IDs?

[5w00p]

You ask valid questions.

I hope a Monguru  can answer them.

[jwinterm]

...
Yes, they are different, but I mean in their architecture / composition - as in, does a payment ID have a specific nature compared to a viewkey. So if I sent someone my viewkey as a payment ID, could an algorithm search the blockchain and find a viewkey amongst the payment IDs?

I'm pretty sure that if you expose your viewkey for a Monero address/account, then in theory anyone can see all transactions associated with that address/account. As has been said many times, the tooling for this doesn't exist in simplewallet yet, but from what I understand by exposing your viewkey you are essentially making a public account.

[generalizethis]

...
Yes, they are different, but I mean in their architecture / composition - as in, does a payment ID have a specific nature compared to a viewkey. So if I sent someone my viewkey as a payment ID, could an algorithm search the blockchain and find a viewkey amongst the payment IDs?

I'm pretty sure that if you expose your viewkey for a Monero address/account, then in theory anyone can see all transactions associated with that address/account. As has been said many times, the tooling for this doesn't exist in simplewallet yet, but from what I understand by exposing your viewkey you are essentially making a public account.

Link to Fluffy's explanation on reddit:

https://www.reddit.com/r/Bitcoin/comments/2tea5t/a_reminder_to_those_who_dont_want_a_bitcoin_that/cnygl3q

[GingerAle]

...
Yes, they are different, but I mean in their architecture / composition - as in, does a payment ID have a specific nature compared to a viewkey. So if I sent someone my viewkey as a payment ID, could an algorithm search the blockchain and find a viewkey amongst the payment IDs?

I'm pretty sure that if you expose your viewkey for a Monero address/account, then in theory anyone can see all transactions associated with that address/account. As has been said many times, the tooling for this doesn't exist in simplewallet yet, but from what I understand by exposing your viewkey you are essentially making a public account.

I'm pretty sure that if you expose your viewkey for a Monero address/account, then in theory anyone can see all transactions associated with that address/account

Right, but thats the point if one were to create this bond / certificate of deposit device.

You create a bond / CD by plopping a certain amount of monero into a new address. People then reward you for keeping it in there over time, and they validate that its in there by using the viewkey.

where the hell is the dude that proposed the bond measure in the first place?

(edited twice because I can't use "there/their" correctly)

[generalizethis]

...
Yes, they are different, but I mean in their architecture / composition - as in, does a payment ID have a specific nature compared to a viewkey. So if I sent someone my viewkey as a payment ID, could an algorithm search the blockchain and find a viewkey amongst the payment IDs?

I'm pretty sure that if you expose your viewkey for a Monero address/account, then in theory anyone can see all transactions associated with that address/account. As has been said many times, the tooling for this doesn't exist in simplewallet yet, but from what I understand by exposing your viewkey you are essentially making a public account.

I'm pretty sure that if you expose your viewkey for a Monero address/account, then in theory anyone can see all transactions associated with that address/account

Right, but thats the point if one were to create this bond / certificate of deposit device.

You create a bond / CD by plopping a certain amount of monero into a new address. People then reward you for keeping it in there over time, and they validate that its in there by using the viewkey.

where the hell is the dude that proposed the bond measure in the first place?

(edited twice because I can't use "there/their" correctly)

There is here with a t, both are places

Their is heir with a t, both show ownership (though one is future ownership in most cases).

[saddambitcoin]

where the hell is the dude that proposed the bond measure in the first place?

(edited twice because I can't use "there/their" correctly)

aminorex proposed the bond, but i think there was not enough XMR pledged to make it worthwhile for him.

Until then, you can be your own "Monero Masternode" by buying and holding. 

In other news, I noticed the Monero subreddit just gained about ~150 new subscribers in the past few days. It has been stagnant around 700 for months. Perhaps some new users are noticing the great potential of Monero.