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

[macsga]

Bitcoin regulations incoming in the UK. Interesting times:

http://www.coindesk.com/breaking-uk-treasury-issues-landmark-digital-currencies-report/

The United Kingdom's Treasury has published its report on digital currencies in conjunction with the Chancellor of the Exchequer's budget speech today.

The report recommends that anti-money laundering regulation be applied to digital currency exchanges in the UK and that HM Treasury will consult on the regulatory approach in Parliament.

From the report:

3.3 Almost all respondents to the call for information commented that digital currencies can offer a degree of anonymity to users, and that this factor could be a driver of criminal activity. Contributions also noted that the use of specific digital currencies, and anonymising services can increase the degree of user anonymity. However, stakeholders diverged in their assessment of the overall significance of the risks here. Some banks and payment scheme companies characterised digital currencies as anonymous and untraceable, but many of the submissions from users, digital currency firms and consultancies challenged this view and termed the technology ‘pseudonymous’ rather than anonymous. They noted that the publically visible ledger (or blockchain) of historical transactions makes digital currency payments less opaque than traditional payment methods, especially cash. Stakeholders saw that this ledger of historical transactions could potentially prove helpful for regulators and law enforcement.

This is great news for BTC (posted it also to Wall observer). But here's some food for thought... Anyone else sees this as "bad news" for XMR due to its anonymity? I mean, if I'd want to be "visible" to the network for regulation reasons, could I persuade the government that I actually am?

You could give them your viewkey?

Much like there are plenty of completely legitimate reasons to be private, there are also plenty of completely legitimate reasons to be transparent, be it to anyone or just selected parties. Monero achieves all of this with a mechanism called the view key.

If this doesn't suffice, know that it is completely in a State's reach to kill a crypto (even Bitcoin) if it really wants to. Right now. So, there are two options: to hope no State will care, or to make sure it is not in its best interest. We choose the latter.

I love this stuff. I didn't know that there was such a thing as a "view" key... Thanks dEBRUYNE!

[Anon136]

Btc is a trojen horse with monero inside waiting to pounce the moment society lets it through the gates. I saw all this coming this almost right away when I first learned about bitcoin and how it worked. You couldn't have planned it better if it was planned. If satoshi had created monero governments all over the world would have out right outlawed it and it would have been extremely difficult to get capital into and out of it. But he created bitcoin not monero. And when TPTB saw bitcoin, they were overcome with greed. They saw the potential to track everyone's financial activity and so they let it slide. But now monero is a thing, so even if they do outlaw monero, bitcoin provides a sort of gateway or conduit to get into and out of it even in a world where monero is outlawed. Even if the government leans on businesses to prevent them from accepting monero, we can use gateways like https://shapeshift.io/ to make payments using monero even in a world where its illegal to accept monero as payment.

Its so exciting. Nothing will stop this trend. I wish more libertarians understood this trend and what I just described, if they did than there would be a great deal more optimism in our movement i think.

[SmoothCurves]

Btc is a trojen horse with monero inside waiting to pounce the moment society lets it through the gates. I saw all this coming this almost right away when I first learned about bitcoin and how it worked. You couldn't have planned it better if it was planned. If satoshi had created monero governments all over the world would have out right outlawed it and it would have been extremely difficult to get capital into and out of it. But he created bitcoin not monero. And when TPTB saw bitcoin, they were overcome with greed. They saw the potential to track everyone's financial activity and so they let it slide. But now monero is a thing, so even if they do outlaw monero, bitcoin provides a sort of gateway or conduit to get into and out of it even in a world where monero is outlawed. Even if the government leans on businesses to prevent them from accepting monero, we can use gateways like https://shapeshift.io/ to make payments using monero even in a world where its illegal to accept monero as payment.

Its so exciting. Nothing will stop this trend. I wish more libertarians understood this trend and what I just described, if they did than there would be a great deal more optimism in our movement i think.

Yes exactly.

Worth pointing out that in the early days, it was Satoshi's writings on how Bitcoin's anonymity could be improved that laid the groundwork for Monero.

[papa_lazzarou]

we can use gateways like https://shapeshift.io/ to make payments using monero even in a world where its illegal to accept monero as payment.

Just to check if https://xmr.to did not pass under your radar.

[Anon136]

we can use gateways like https://shapeshift.io/ to make payments using monero even in a world where its illegal to accept monero as payment.

Just to check if https://xmr.to did not pass under your radar.

It didn't but i completely forgot what it was called and was looking for it. I actually came here to ask the question that you just answered .

Does anyone know if there are any plans to get that gateway working both ways rather than just the one? Or if im just missing how to use it to convert btc into xmr than please tell.

[pa]

we can use gateways like https://shapeshift.io/ to make payments using monero even in a world where its illegal to accept monero as payment.

Just to check if https://xmr.to did not pass under your radar.

It didn't but i completely forgot what it was called and was looking for it. I actually came here to ask the question that you just answered .

Does anyone know if there are any plans to get that gateway working both ways rather than just the one? Or if im just missing how to use it to convert btc into xmr than please tell.

ShapeShift.io should be adding Monero soon.

[Anon136]

we can use gateways like https://shapeshift.io/ to make payments using monero even in a world where its illegal to accept monero as payment.

Just to check if https://xmr.to did not pass under your radar.

It didn't but i completely forgot what it was called and was looking for it. I actually came here to ask the question that you just answered .

Does anyone know if there are any plans to get that gateway working both ways rather than just the one? Or if im just missing how to use it to convert btc into xmr than please tell.

ShapeShift.io should be adding Monero soon.

Well that is exciting.

*edit* Does anyone have a source for this?

[GingerAle]

we can use gateways like https://shapeshift.io/ to make payments using monero even in a world where its illegal to accept monero as payment.

Just to check if https://xmr.to did not pass under your radar.

It didn't but i completely forgot what it was called and was looking for it. I actually came here to ask the question that you just answered .

Does anyone know if there are any plans to get that gateway working both ways rather than just the one? Or if im just missing how to use it to convert btc into xmr than please tell.

when we talked to them ( the xmr.to devs) for the podcast, they didn't seem too excited in developing in that direction, but might consider it at some point.

Why are u interested in the other direction? Just an easy way to buy more XMR?

[Anon136]

we can use gateways like https://shapeshift.io/ to make payments using monero even in a world where its illegal to accept monero as payment.

Just to check if https://xmr.to did not pass under your radar.

It didn't but i completely forgot what it was called and was looking for it. I actually came here to ask the question that you just answered .

Does anyone know if there are any plans to get that gateway working both ways rather than just the one? Or if im just missing how to use it to convert btc into xmr than please tell.

when we talked to them ( the xmr.to devs) for the podcast, they didn't seem too excited in developing in that direction, but might consider it at some point.

Why are u interested in the other direction? Just an easy way to buy more XMR?

Yes. If the premiums were reasonable I would definitely prefer to use a service like shapeshift to buy xmr rather than dealing with an exchange.

[BlockchainBoss]

Found this.

[CommunityDiscussion] Why Building a New Marketplace that Uses Monero (XMR) is a Good Thing

http://www.reddit.com/r/DarkNetMarkets/comments/2zivq8/communitydiscussion_why_building_a_new/

[5w00p]

As someone who tries to observe history, albeit through the often distortional viewing lenses that are available to me, I fathom that the discussions that revolve around and are brought about by the emerging technology that is digital cryptocurrencies are not too distinctly different from those that were argued about and mulled over in the past. In other words, even though Bitcoin is quite new, and Monero even newer, these types of issues have been discussed and legislated about many times in the past. To piggyback upon what Anon136 described; Bitcoin made it into the view of those who would prefer that personal liberty and privacy are only available to themselves and those who can afford its exorbitant costs in a society that is brainwashed to fear what these bastards want them to fear. And these bastards salivated heavily and their drool ran down the sides of their mouths and landed on a seed, watering it enough that it could sprout...

[GingerAle]

MoneroWorld Weekly Digest

https://forum.getmonero.org/20/general-discussion/230/moneroworld-digest-6-3-18-2015

[Anon136]

Is it true that the devs have no plan to develop an "official" gui? I think i remember reading that some where or hearing someone say something to this effect but i don't remember where.

Editorial: why is the official GUI wallet not released yet

Just as an idea. Perhaps in the interim the devs could "officialize" one of the existing wrappers. So that not particularly technically inclined newcomers could just have a simple means of getting involved without having to do a bunch of research and be worried about getting their moneroj stolen from malicious code in the wrapper. Just you know to lower those barriers to entry for new and non tech people, that way we can have better distribution.

[Hueristic]

MoneroWorld Weekly Digest

https://forum.getmonero.org/20/general-discussion/230/moneroworld-digest-6-3-18-2015

Great Job as usual. Well I got the old 4 R9-270 Rig up and running today but I'm only going to run off peak hours.

[Anon136]

wanna hear something funny? of course you do. i dont actually know how much monero i own. i dont remember how much it was, and i don't have enough ram on my computer to run the client and see, and i cant just look up the address on the explorer. ha! I do know that its less than i wish i had.

[Hueristic]

wanna hear something funny? of course you do. i dont actually know how much monero i own. i dont remember how much it was, and i don't have enough ram on my computer to run the client and see, and i cant just look up the address on the explorer. ha! I do know that its less than i wish i had.

https://mymonero.com/#/

Import it.

[dreamspark]

wanna hear something funny? of course you do. i dont actually know how much monero i own. i dont remember how much it was, and i don't have enough ram on my computer to run the client and see, and i cant just look up the address on the explorer. ha! I do know that its less than i wish i had.

Only one solution to that then, buy some more gawd damn it!

[smooth]

wanna hear something funny? of course you do. i dont actually know how much monero i own. i dont remember how much it was, and i don't have enough ram on my computer to run the client and see, and i cant just look up the address on the explorer. ha! I do know that its less than i wish i had.

https://mymonero.com/#/

Import it.

Remote node also works fine for looking at your balance. There is really no disadvantage to it at all other than that you can't 100% trust the balance you see, but realistically you can. Sending transactions via a remote node has a bit of a privacy hit, but checking a balance (and/or checking for received payments) doesn't even have that issue.

[Anon136]

wanna hear something funny? of course you do. i dont actually know how much monero i own. i dont remember how much it was, and i don't have enough ram on my computer to run the client and see, and i cant just look up the address on the explorer. ha! I do know that its less than i wish i had.

https://mymonero.com/#/

Import it.

Yea i know i could do that. I just dont really care how much i have. Its not a big deal. I have a general idea. I know to the nearest thousand. If it was as easy as looking it up on the explorer than i would, but since it requires some effort i dont care enough to put in effort to find out. I just wanted to tell you guys that story because i thought it would be entertaining. Im not "looking for a solution" per say.

[Hueristic]

...I just wanted to tell you guys that story because i thought it would be entertaining.

It was, thx for sharing.