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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4454851 times)
jehst
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February 23, 2015, 02:15:09 PM
 #20321

Very good stuff from the core team. +1  Smiley

Quote
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  Cheesy  I also have a kitty of customer funds for buying OTC, contact me.

look everyone here appreciates what you are doing for monero. I think everyone, except the guys who are waiting to get in cheaper, think that higher prices are better than lower prices. but what is important is that we get a sustainable level.

I would prefer a level of 0.0025 which is sustainable to an epic pump to 0.01 with 5 months of declining prices - even though I would be better of with the second case.

But if there really is that much demand (you will be quoted for this), let us see where the ship is moving Wink

Markets always overshoot, and often correct 50 or 60% to stable levels. Gold and silver tend to crash even harder. Cryptocurrencies tend to crash even harder still.  The next time XMR booms, we can probably expect it to reach double or triple the price at which it stabilizes.  (e.g. reaching a local high of .012 followed by a crash to .004)

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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February 23, 2015, 02:16:19 PM
 #20322

summary of the missive? I don't want to listen to some people drone on and on unprofessionally about some mundane esoteric mess

I need a succinct outline. don't like surprises.

For 10 monero I will provide you with a summary.

41nAXFnYwhyDgWt2KAy1XFeZyDUWktkhGDA774NyY9qc1jg4MPH33oLD4tBMnQwVmMcktaUFMcKdJTW dkqRyrVXHNh88QUa
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February 23, 2015, 02:16:49 PM
 #20323

summary of the missive? I don't want to listen to some people drone on and on unprofessionally about some mundane esoteric mess

I need a succinct outline. don't like surprises.

1. A new website is out.

2. Devteam is motivated, hard-working and doing important techie stuff.
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February 23, 2015, 02:18:07 PM
 #20324

summary of the missive? I don't want to listen to some people drone on and on unprofessionally about some mundane esoteric mess

I need a succinct outline. don't like surprises.

I like Ginger and Fluffy's chemistry, but anyway....

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.



So you can't be bothered to peruse ONE PAGE and see the thing you are asking for. You're like my dad yelling for the hat that's on his head. "Where's my hat! ARRRRR!"

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February 23, 2015, 02:18:19 PM
 #20325

Great work by the core team! Updating that broken website was long overdue. Thanks. Smiley

And now it also become much clearer which forum is the main one.

Regarding the missives: great that this is continuing - good idea to "outsource" it. Personally, I am not such a fan of the podcast format, as it doesn't allow me to quickly scan over the news but forces me to focus for a long time (I am a crap multitasker Wink) However this problem is nicely fixed by the on-page summary, and, as I said, just a personal opinion on the format. Overall, great!

edit: you no look?
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February 23, 2015, 02:19:28 PM
 #20326

summary of the missive? I don't want to listen to some people drone on and on unprofessionally about some mundane esoteric mess

I need a succinct outline. don't like surprises.

For 10 monero I will provide you with a summary.

41nAXFnYwhyDgWt2KAy1XFeZyDUWktkhGDA774NyY9qc1jg4MPH33oLD4tBMnQwVmMcktaUFMcKdJTW dkqRyrVXHNh88QUa

failed to decode address

also invalid payment id, both simplewallet and mymonero said this

try again?
stslimited
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February 23, 2015, 02:20:31 PM
 #20327

summary of the missive? I don't want to listen to some people drone on and on unprofessionally about some mundane esoteric mess

I need a succinct outline. don't like surprises.

I like Ginger and Fluffy's chemistry, but anyway....

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.



So you can't be bothered to peruse ONE PAGE and see the thing you are asking for. You're like my dad yelling for the hat that's on his head. "Where's my hat! ARRRRR!"



I saw that, is that really it? I needed to confirm that the price is going up over this inconsequential stuff?
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February 23, 2015, 02:23:54 PM
 #20328

summary of the missive? I don't want to listen to some people drone on and on unprofessionally about some mundane esoteric mess

I need a succinct outline. don't like surprises.

For 10 monero I will provide you with a summary.

41nAXFnYwhyDgWt2KAy1XFeZyDUWktkhGDA774NyY9qc1jg4MPH33oLD4tBMnQwVmMcktaUFMcKdJTW dkqRyrVXHNh88QUa

failed to decode address

also invalid payment id, both simplewallet and mymonero said this

try again?

He should have posted in code, so that copy pasting works.
Same addy as above, but in code:

Code:
41nAXFnYwhyDgWt2KAy1XFeZyDUWktkhGDA774NyY9qc1jg4MPH33oLD4tBMnQwVmMcktaUFMcKdJTWdkqRyrVXHNh88QUa

Thank you Fluffy & Co for this update (even though I'm not much of a fan of the format, I understand why it makes a difference to you).

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February 23, 2015, 02:25:13 PM
 #20329

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                                                            


Great overview! Should go on the monero.cc website, I guess? Some small corrections:

  • if not open-source, I would maybe indicate "closed source", as this is a critical thing in crypto currencies (Monero Client .NET and mymonero.com as well, strictly speaking)
  • mymonero.com should maybe have dashes for all "binary" flags
  • an API/RPC column would be really helpful (only simplewallet, I think?)
  • BitKoot's CryptoNoteWallet is graphical
  • What makes BitKoot's CryptoNoteWallet "official"?
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February 23, 2015, 02:25:49 PM
 #20330

the missive in audio is ok
but who dont talk english?Huh
you can make a summary???
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February 23, 2015, 02:27:08 PM
 #20331

Im sure someone will make a summary soon and post it.

the missive in audio is ok
but who dont talk english?Huh
you can make a summary???
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February 23, 2015, 02:29:23 PM
 #20332

summary of the missive? I don't want to listen to some people drone on and on unprofessionally about some mundane esoteric mess

I need a succinct outline. don't like surprises.

For 10 monero I will provide you with a summary.

41nAXFnYwhyDgWt2KAy1XFeZyDUWktkhGDA774NyY9qc1jg4MPH33oLD4tBMnQwVmMcktaUFMcKdJTW dkqRyrVXHNh88QUa

ok sent.
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February 23, 2015, 02:30:29 PM
 #20333

the missive in audio is ok
but who dont talk english?Huh
you can make a summary???

The first thing said in the missive is actually asking the community to contribute by writing down what is said in the missive. So I'm sure you'll be soon able to read a version of it.
 

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
generalizethis
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February 23, 2015, 02:34:13 PM
 #20334




I saw that, is that really it? I needed to confirm that the price is going up over this ?


Everyone has their own view-key of "inconsequential stuff," but the price is Risto's endeavor, not a reaction to any great breakthrough in the DB or a shiny new GUI or any other major announcement. But I thought you knew that, so I'm confused as to why you are confused. But maybe you'll be confused why I'm confused to as why you're confused and we'll create a really confused rip in space-time--which would be pretty kick ass if you ask me.

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February 23, 2015, 02:42:30 PM
 #20335

summary of the missive? I don't want to listen to some people drone on and on unprofessionally about some mundane esoteric mess

I need a succinct outline. don't like surprises.
Volunteers needed to create subtitles and summary. Effort go here: https://forum.monero.cc/1/news-and-announcements/161/monday-monero-missives-23-february-23rd-2015 (let's make this "moving away from bitcointalk" a reality)

Quote
Bitcointalk is not a good environment if we want serious discussion about Monero. That much should be obvious. At some point we have to start cutting the apron strings and disconnecting from Bitcoin, especially since we share few common goals and no common code. It would be unfair of us to force newcomers interested in Monero to dig through thousands of scamcoin, shill, and troll posts on bitcointalk to find the occasional gem of information.

Additionally, you cannot possibly convince me that people needing help in running and using Monero should all gather in a single thread on a Bitcoin forum?? Nah, we've done our time here, there's no value in maintaining all the Monero threads on Bitcointalk. Anyone here who needs to know about Monero already does know about Monero;)

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
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February 23, 2015, 02:49:49 PM
 #20336




I saw that, is that really it? I needed to confirm that the price is going up over this ?


Everyone has their own view-key of "inconsequential stuff," but the price is Risto's endeavor, not a reaction to any great breakthrough in the DB or a shiny new GUI or any other major announcement. But I thought you knew that, so I'm confused as to why you are confused. But maybe you'll be confused why I'm confused to as why you're confused and we'll create a really confused rip in space-time--which would be pretty kick ass if you ask me.

Not DB related and Not GUI related? Then no rational price rise.

my conclusion exactly.
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February 23, 2015, 02:52:39 PM
 #20337

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                                                            


Great overview! Should go on the monero.cc website, I guess? Some small corrections:

  • if not open-source, I would maybe indicate "closed source", as this is a critical thing in crypto currencies (Monero Client .NET and mymonero.com as well, strictly speaking)
  • mymonero.com should maybe have dashes for all "binary" flags
  • an API/RPC column would be really helpful (only simplewallet, I think?)
  • BitKoot's CryptoNoteWallet is graphical
  • What makes BitKoot's CryptoNoteWallet "official"?

A bug on the forum prevents me to add it, I already created a bug report

For closed-source, I will add a column (this is only for mymonero so far and I will add a mention that it will ultimately be open-sourced). I won't do it with the present BBCode, because this is horrible to edit, Markdown is much better (essentially because you can insert HTML in Markdown)

API/RPC column: it would require more than a yes/no, right? Because not every software would accept any API/RPC

Similarly, I will add an OpenAlias column

Since this is a lot of colum, I will pivot the table, with one column per wallet (instead of one row, presently)

I will correct for cryptonote - mere oversight, when copying/pasting, thanks

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February 23, 2015, 02:54:14 PM
 #20338


I think forum.monero.cc just went down...  Huh

On other news: this thread is exploding! Smiley
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February 23, 2015, 02:54:58 PM
 #20339

I think forum.monero.cc just went down...  Huh

Nevermind, it's back.
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February 23, 2015, 02:56:01 PM
 #20340

summary of the missive? I don't want to listen to some people drone on and on unprofessionally about some mundane esoteric mess

same here, i personally doesn't like audio missive. I'm not good at listening English, i had to come here in seeking for a detailed text.
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