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

[iCEBREAKER]

Monero doesn't "halve", every single block has less monero than the previous block.

There is still a point when half the base supply has been created and the block subsidy is half the original value. It's similar in effect to the bitcoin halving in many ways except not being so abrupt.

but these are not events, miners get to price this in along the way every block


if the antiquated bitcoin-core code didn't have this in it, nobody here would be talking about halvings. This is much more advanced cryptonote protocol and there are no halvings. If this was debuted first, nobody would be talking about halvings

"Halving" is an idea from Bitcon which we have metaphorically imported into Monero, referring to the day in Sept when half the XMR coinbase has been emitted.  It's more psychological than strictly algorithmic.  So lighten up Francis.

Miners may price it in, as can markets.  But 'no more cheap coins' is still a great excuse for a party!   

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[stslimited]

can everyone with buy orders in the .0010 range move your bid orders up a bit higher, I'm trying to form a syndicate bid with a bigger buy wall closer to the International Best Bid Best Offer


I can take out the order at .0017 if someone else fills the order at .00161 , judging conviction before I start filling heavily. I can take out the higher ask because this is still below my cost basis.

[Arux]

why attack now the 0.0017?
protect xmr against unexpected price declines is already a great task.

[jehst]

why attack now the 0.0017?
protect xmr against unexpected price declines is already a great task.

If there's ongoing discussion of how people are teaming up to manipulate the price in the main discussion thread, people won't think highly of this coin.

[Shrikez]

why attack now the 0.0017?
protect xmr against unexpected price declines is already a great task.

If there's ongoing discussion of how people are teaming up to manipulate the price in the main discussion thread, people won't think highly of this coin.

being loaded to the hilt with XMR I obviously don't mind higher prices but I very much agree with you here.

[rpietila]

why attack now the 0.0017?
protect xmr against unexpected price declines is already a great task.

If there's ongoing discussion of how people are teaming up to manipulate the price in the main discussion thread, people won't think highly of this coin.

It is called openness. It is very precious(expensive), and hopefully appreciated by the "people".

I will start buying 24 hours from my announcement to do so, but the price is already up 20% and 24 hours have not even passed yet 

[onemorebtc]

It is called openness. It is very precious(expensive), and hopefully appreciated by the "people".

I will start buying 24 hours from my announcement to do so, but the price is already up 20% and 24 hours have not even passed yet 

this should answer this:

The announcement is important, because it adds to my glory as a person who can predict market movements, and starts a playful competition about how long the sellers can keep the price down.

not sure why you put people in hyphons. i do appreciate it though - its a welcome difference to all the pumps behind close doors and tastes honest

next weeks / months will get interesting

[monero]

Missive for 2015-02-23 is out.

Missive Blog Post

Discussion Thread on the Official Forum

Cross-posted below:

We are moving to a new Missive format, it is now in the form of a podcast!

To download the podcast directly please use this link to the MP3, or use the HTML5 player on the blog post.

Community members are encouraged to transcribe it so that non-English speakers can benefit as well. A brief summary of the points discussed is:

1. The release of the new website, and the move to the getmonero.org domain

2. The publication of MRL-0004, Improving Obfuscation in the CryptoNote Protocol

3. Monero's design and development goals

Dev Diaries and External Projects will resume being covered from next week. Until then!

updated by fluffypony

[jehst]

Nice new missives.

Cliffnotes:

 - NEW WEBSITE! www.getmonero.org (monero.cc redirects to it)

- MRL-0004 (Improving Obfuscation in the Cryptonote Protocol) (http://lab.monero.cc/pubs/MRL-0004.pdf):
Mixins: low-mixins can result in a cascading reduction in privacy. XMR will be moving very soon to a minimum mixin of 2. the reason mixin-0 is allowed in the first place is because mixin-0 is useful for sending dust. the solution in MRL-0004 is for mixin-0  to be allowed under special circumstances. these circumstances include a) when the transaction is dust, and b) when the transaction won't create new dust. thus, these specially-allowed transactions will gradually remove dust from the system. eventually the minimum mixin will be mixin-4. increasing the minimum mixin is considered critical in improving cryptonote.

temporal-association: in XMR, there's an age-based association problem where observers can tell how old coins are when they're spent due to the way that outputs are chosen for mixing. ideally, it should not be easy to do this. people might panic if very old coins are moving, as would be the case if satoshi started moving coins from 2009. this is not critical but being worked on as well.

- design and research goals: http://getmonero.org/design-goals/
not a timeline, but it shows what must come before what.

[David Latapie]

That, and people will pick their own favorite wallet anyway. Bitcoin has Electrum, Multibit, blockchain.info, etc. We have Lightwallet, .NET wallet, MyMonero, and maybe some others I'm forgetting.

Qt GUI.

Wallet             Official       Graphical                       Binaries                   Notes
                                                Windows       Mac       Linux    FreeBSD
simplewallet          ✔              ✘          ✔ (d/l)    ✔ (d/l)     ✔ (d/l)    ✔ (d/l)    source
Monero Client .NET    ✘              ✔          ✔ (d/l)    ✘           ✘          ✘          full node or remote node
Qt GUI                ✘              ✔          ✘          ✘           ✘          ✘          source. Full node only
lightWallet           ✘              ✔          ✔ (d/l)    ✘           ✘          ✘          source. Full node or remote node. Torrent with binaries + blockchain
mymonero.com          ✘              ✔          ✔          ✔           ✔          ✔          author is a core dev
CryptoNoteWallet      ✘              ✔          ✘          ✘           ✘          ✘

So, let this be the official announcement that the price of monero will now start rising.

I understand "official" here as a figure of speech because:

• Monero Core Team did not decide on making this official
• No MEW vote had been proposed on this matter
• I do not see any other Monero body that could emit such a statement

I'm sure trollers will delight to reuse this announcement. The core team and the community as a whole pride itself in not succumbing to the price drama - I'd like it to continue that way.

[smooth]

Wallet            Official        Graphical                          Binaries                Notes
                                                Windows       Mac       Linux    FreeBSD
lightWallet           ✘              ✔          ✔ (d/l)    ✘           ✘          ✘          source. Remote node only

lightWallet can work with a full node. In fact it is distributed together with the node and blockchain bootstrap as a convenient single-download torrent

[dEBRUYNE]

why attack now the 0.0017?
protect xmr against unexpected price declines is already a great task.

If there's ongoing discussion of how people are teaming up to manipulate the price in the main discussion thread, people won't think highly of this coin.

In my opinion taking out sell orders (read buying) isn't really price manipulation.

[David Latapie]

lightWallet can work with a full node. In fact it is distributed together with the node and blockchain bootstrap as a convenient single-download torrent

Updated, thanks. What is in the torrent? Source only, Windows binaries, other binaries, all binaries + sources, other?

[smooth]

lightWallet can work with a full node. In fact it is distributed together with the node and blockchain bootstrap as a convenient single-download torrent

Updated, thanks. What is in the torrent? Source only, Windows binaries, other binaries, all binaries + sources, other?

Windows binaries. There are currently no other binaries for lightWallet, although it is a python program so it could likely be packaged for other platforms if someone does the work.

[GreekBitcoin]

Guys, excellent missive and excellent website! Well done!

I liked very much the podcast style!
I also liked that you asked from the community to help in tasks. This should be continued in the missives. Asking about things that need to be done.
Finally its nice to see explaining crypto stuff and how actually things works with monero, problems and solutions.

I should continue checking the new website


P.S. Fluffy, i make a complaint about the website and 1 week afterwards that a beautiful website pops out?  <3   

[coinits]

Missive for 2015-02-23 is out.

Missive Blog Post

Discussion Thread on the Official Forum

Cross-posted below:

We are moving to a new Missive format, it is now in the form of a podcast!

To download the podcast directly please use this link to the MP3, or use the HTML5 player on the blog post.

Community members are encouraged to transcribe it so that non-English speakers can benefit as well. A brief summary of the points discussed is:

1. The release of the new website, and the move to the getmonero.org domain

2. The publication of MRL-0004, Improving Obfuscation in the CryptoNote Protocol

3. Monero's design and development goals

Dev Diaries and External Projects will resume being covered from next week. Until then!

updated by fluffypony

Great. I love this new format. I can continue to work, while listening to the Missive. Thank you for this. +1000

[GingerAle]

Great. I love this new format. I can continue to work, while listening to the Missive. Thank you for this. +1000

Yes, but now you can't read it when your on the crapper. Unless your taking headphones into the stall. Which is just weird.

[rpietila]

Very good stuff from the core team. +1  

So, let this be the official announcement that the price of monero will now start rising.

I understand "official" here as a figure of speech because:

• Monero Core Team did not decide on making this official
• No MEW vote had been proposed on this matter
• I do not see any other Monero body that could emit such a statement

I'm sure trollers will delight to reuse this announcement. The core team and the community as a whole pride itself in not succumbing to the price drama - I'd like it to continue that way.

Okay, first:
- I had no explicit knowledge of the massive release you were about to make the hours following my statement.
Second:
- The MEW (where both you and I are officials), is not working on the paradigm of voting. We have had very few votes or control of any kind, yet have been able to accomplish a lot on the paradigm of empowerment. I don't even know how much, and none of it has required my approval to get it going. I do take pride of developing the structure that allows things to happen without my approval, because the structure was my design. In CK we are struggling with this issue still..

If I have the resources to make XMR price go up, and the intention to (commit actions that will lead to) do so, I can officially make any announcement I feel right. Until now I haven't even taken advantage of low price myself, due to a self-imposed 24 hour delay from the announcement to action.

The trolls are accusing me of manipulating the price, and they are absolutely correct. I am one of the approximately 1 million people on the planet who have enough funds to (currently) do it (and unless others of the same caliber actively step in). There is no denying this fact. The least I can do before starting to buy en masse due to these wonderful new developments, and before allocating my carte blanche wealth management clients' funds to it, and promote it to the larger circles that I advice concerning wealth management, and before reactivating my gold/silver/BTC/XMR/fiat dealership enabling XMR to be bought with fiat, etc. is to announce all of it beforehand.

At face value, it looks like I am massively shooting at my own foot here, after all my stash has been bought many times higher than the price now, and buying more just became almost impossible with the supply drying up. But I have the understanding that the value of the currency is in the network of people who use it, and right now is the time to start getting back those people who were burning for Monero last summer but have since sold due to the depressing market and development taking time. The longer we wait until revaluation, the more violent it will be and again people will get burned. Abrupt and spectacular surges always happen with the coins, let's see if we can avoid it this time.

Everybody is invited to prove me wrong in the field. To fire a bullet, enter any amount in the box and click SELL. That'll teach me    I also have a kitty of customer funds for buying OTC, contact me.

[Quicken]

Wallet            Official        Graphical                          Binaries                Notes
                                                Windows       Mac       Linux    FreeBSD
lightWallet           ✘              ✔          ✔ (d/l)    ✘           ✘          ✘          source. Remote node only

lightWallet can work with a full node. In fact it is distributed together with the node and blockchain bootstrap as a convenient single-download torrent

There is also CryptoNoteWallet by Bitkoot:
https://github.com/BitKoot/CryptoNoteWallet

[NeuroticFish]

If I have the resources to make XMR price go up, and the intention to (commit actions that will lead to) do so, I can officially make any announcement I feel right. Until now I haven't even taken advantage of low price myself, due to a self-imposed 24 hour delay from the announcement to action.

To the moon!

You could have waited a couple more days to get the payment for the sig campaign and double my XMR "stash". *sigh*
However, if this will indeed go to the moon, then ... let's do it!