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

[GingerAle]

I was switched my cpus to DASH mining but now i again switch to XMR.. I fell in love with Monero.

I want to write a post about Monero. I have personal blog (https://mehti.net) and tutorial blog (https://uzmanlarim.com). i writing in turkish language, however i can translate english into turkish. Can someone give me unique words about monero to introduce to the turkish folks. I can write guide for mining, create & download wallets etc, i just need description about monero.

Please PM me.

Try getmonero.org.  Lots of material there.

And Welcome!!

Welcome!

Specifically, David Latapie has written a lot of good editorials on Monero. Here's one "What's so special about Monero"
https://forum.getmonero.org/1/news-announcements-and-editorials/209/editorial-what-s-so-special-about-monero

they can be found in this general thread.
https://forum.getmonero.org/1/news-announcements-and-editorials

[DirtyUniverse]

I was switched my cpus to DASH mining but now i again switch to XMR.. I fell in love with Monero.

I want to write a post about Monero. I have personal blog (https://mehti.net) and tutorial blog (https://uzmanlarim.com). i writing in turkish language, however i can translate english into turkish. Can someone give me unique words about monero to introduce to the turkish folks. I can write guide for mining, create & download wallets etc, i just need description about monero.

Please PM me.

Try getmonero.org.  Lots of material there.

And Welcome!!

Welcome!

Specifically, David Latapie has written a lot of good editorials on Monero. Here's one "What's so special about Monero"
https://forum.getmonero.org/1/news-announcements-and-editorials/209/editorial-what-s-so-special-about-monero

they can be found in this general thread.
https://forum.getmonero.org/1/news-announcements-and-editorials

@wpalczynski, i like your links on your signature! i will use first and second links.

@GingerAle, thank you! i will check it.

[wpalczynski]

I was switched my cpus to DASH mining but now i again switch to XMR.. I fell in love with Monero.

I want to write a post about Monero. I have personal blog (https://mehti.net) and tutorial blog (https://uzmanlarim.com). i writing in turkish language, however i can translate english into turkish. Can someone give me unique words about monero to introduce to the turkish folks. I can write guide for mining, create & download wallets etc, i just need description about monero.

Please PM me.

Try getmonero.org.  Lots of material there.

And Welcome!!

Welcome!

Specifically, David Latapie has written a lot of good editorials on Monero. Here's one "What's so special about Monero"
https://forum.getmonero.org/1/news-announcements-and-editorials/209/editorial-what-s-so-special-about-monero

they can be found in this general thread.
https://forum.getmonero.org/1/news-announcements-and-editorials

@wpalczynski, i like your links on your signature! i will use first and second links.

@GingerAle, thank you! i will check it.

Please feel free to use whatever links you want!

[bigj]

FYI, the newbies at CYBER.FUND mark Monero (along with other coins) as garbage, see page 17 of their current report: http://cyber.fund/cyberep

A new job for Monero's PR team ;-)

[cAPSLOCK]

FYI, the newbies at CYBER.FUND mark Monero (along with other coins) as garbage, see page 17 of their current report: http://cyber.fund/cyberep

A new job for Monero's PR team ;-)

Bah...  That "analysis" looks like a junior high school project.

Make sure to donate to the author with Doge.  A coin he considers to be highly innovative.

[binaryFate]

FYI, the newbies at CYBER.FUND mark Monero (along with other coins) as garbage, see page 17 of their current report: http://cyber.fund/cyberep

A new job for Monero's PR team ;-)

Bah...  That "analysis" looks like a junior high school project.

Make sure to donate to the author with Doge.  A coin he considers to be highly innovative.

My eyes....
Much buzzy words! Such professionals! Wow!

[GreekBitcoin]

Why don't use the BCN implementation ? Isn't Monero originating from the same codebase ? I have not followed Monero development.

I want to say that cryptrol is a serious and skillful guy so a good answer would be nice. I am just saying that cause i think noone replied him. I would but i dont understand all the differences...

On another note good to see those GUI pictures.

Is https://www.bitcoin.co.id/ a well known exchange in the region? And are they finally going to list monero?

I heard a rumor that soon you will be able to run a full node on a raspberry pi. So I went to Adafruit.com and ordered a Raspberry Pi 2.
 
Adafruit accepts bitcoin, so I was able to pay with Monero using XMR.to. With a case, that comes to about 73 moneroj.

Damn, that's a good service! Now that I am spending moneroj I need to start buying more. 

Oh, thats interesting! I will go for one of those too! Thanks!

Primer- is more a fan of Andreas Antonopoulos and wants David to be like him. As he said multiple times on our IRC.
But i prefer our David - he doesn't spread Mac Malware: https://twitter.com/aantonop/status/433080081179611136

Jesus....


Nice LTB interview
I see shapeshift is on
Nice to see BuyMonero.net!Will probably use it soon.
Seriously, were we number 10 in coinmarketcap ever again? 
Who are the CYBER.FUND?

Finally, is the general consensus that atrides is just slow or a scammer?

[vokain]

Will the Monero Project be able to address any of these considerations?

...

But now we can improve upon that. With a crypto-currency, in theory[1] we have much greater transparency so that the banks can't hide how great their fractional reserves are (market won't accept it because it is too easy to provide the information digitally as contrasted against physical verification of gold on deposit in the 1800s), and the free market can anneal sooner so that banking crisises are less egregious (less volatile and more subdued impacts).

You see the Knowledge Age is advancing mankind. Armstrong is a dinosaur that wants to stay with the old system of a government regulating the banks' leverage. Nah fuck that! Let's move forward with the new technology of money.

[1] Serious problems haven't been resolved yet, such as reliable anonymity (i.e. Tor/I2P is probably a honeypot and Monero relies on either Tor or I2P to obscure your IP), decentralization of mining (Bitcoin being controlled by 1 - 4 pools), real-time transactions, fragmentation of the internet or power outages, etc..

[GingerAle]

Why don't use the BCN implementation ? Isn't Monero originating from the same codebase ? I have not followed Monero development.

I want to say that cryptrol is a serious and skillful guy so a good answer would be nice. I am just saying that cause i think noone replied him. I would but i dont understand all the differences...

http://getmonero.org/2015/03/02/monero-missive-for-the-week-of-2015-03-02.html

about a quarter of the way through I ask that exact question, because I'm a serious feet to the fire journalist!

http://getmonero.org/2015/03/23/monero-missive-for-the-week-of-2015-03-23.html

latest update on DB.

Finally, is the general consensus that atrides is just slow or a scammer?

I don't know about general consensus, but I think the progress is just slow. I get the github updates, and they happen.

Will the Monero Project be able to address any of these considerations?

...

But now we can improve upon that. With a crypto-currency, in theory[1] we have much greater transparency so that the banks can't hide how great their fractional reserves are (market won't accept it because it is too easy to provide the information digitally as contrasted against physical verification of gold on deposit in the 1800s), and the free market can anneal sooner so that banking crisises are less egregious (less volatile and more subdued impacts).

You see the Knowledge Age is advancing mankind. Armstrong is a dinosaur that wants to stay with the old system of a government regulating the banks' leverage. Nah fuck that! Let's move forward with the new technology of money.

[1] Serious problems haven't been resolved yet, such as reliable anonymity (i.e. Tor/I2P is probably a honeypot and Monero relies on either Tor or I2P to obscure your IP), decentralization of mining (Bitcoin being controlled by 1 - 4 pools), real-time transactions, fragmentation of the internet or power outages, etc..

I think that depends on the development of Monero! I mean, its an open source project, so anything can happen, right?

I don't know the Tor/I2P thing. I mean, couldn't the privacy thing (at least with monero) just be achieved with a VPN?

decentralization of mining - the project map has "new algorithm" on it at somepoint, so who knows. I also concur that this is something that needs focus.

real time transactions - i ultimately think most point of sale transactions will just use a cloaked account check. So the merchant software queries the blockchain to see if theres enough in your account, and then executes the transaction. Realistically, any double spend attack requires more coordination than someone buying groceries, doesn't it?

fragmentation of internet - This is particularly interesting, because theoretically if the internet becomes fragmented, individuals making transactions will be segregated into two unique blockchain forks. However, there might/could/should be a way for the two forks to merge if the daemon can verify that all of the transactions on each unique fork were indeed unique. The only possible exploit would be if you could manage to get your private key from one segregated net to the other, so you can have activity on both forks. Yeah, because the longest chain rule would pick one fragmented net over the other, voiding all transactions during the fragment.

[fluffypony]

Will the Monero Project be able to address any of these considerations?

...

But now we can improve upon that. With a crypto-currency, in theory[1] we have much greater transparency so that the banks can't hide how great their fractional reserves are (market won't accept it because it is too easy to provide the information digitally as contrasted against physical verification of gold on deposit in the 1800s), and the free market can anneal sooner so that banking crisises are less egregious (less volatile and more subdued impacts).

You see the Knowledge Age is advancing mankind. Armstrong is a dinosaur that wants to stay with the old system of a government regulating the banks' leverage. Nah fuck that! Let's move forward with the new technology of money.

[1] Serious problems haven't been resolved yet, such as reliable anonymity (i.e. Tor/I2P is probably a honeypot and Monero relies on either Tor or I2P to obscure your IP), decentralization of mining (Bitcoin being controlled by 1 - 4 pools), real-time transactions, fragmentation of the internet or power outages, etc..

We've specifically rejected Tor for a number of reasons, but he claims I2P is a honeypot based on what evidence? The weaknesses and attack vectors of I2P are well known and well understood, and the I2P network would massively benefit from the increased number peers Monero will bring. It's also important to understand that no technology is perfect, and if an attacker is sophisticated enough to control peers in such a large quantity that they can figure out the originating IP of a transaction...with Monero it does not give them any additional information about where the funds are coming from or where they are going to. The IP address thing is a Bitcoin weakness, and (arguably) Monero doesn't even need to address it. We only address it to close some of the "last mile" privacy gaps.

Decentralisation of mining we address through smart mining.

"Real-time" transactions are impossible if you still want to achieve consensus on top of that. For some levels of risk accepting 0-conf transactions is ok, and for some it is not. We do plan on addressing the impact of a large number of transactions on the blockchain by implementing a hub-and-spoke style system (see the Design and Development Goals, Research Goals, Initial Sidechains) which will also reduce initial confirmation time, we don't plan on faking "instant" transactions beyond that at this stage. If research comes out of the MoneroTrust work that lets us posit a trust path for instant transactions then we could perhaps implement that.

Fragmentation of the internet is irrespective - with Monero, as with Bitcoin, you only need one honest peer in your peer group to be able to successfully maintain a connection to the network. Blocks can be received via shortwave radio, and transactions can be signed and transmitted via carrier pigeon, so I struggle to see a scenario where we could do more to address it than is already done.

[Arux]

FYI, the newbies at CYBER.FUND mark Monero (along with other coins) as garbage, see page 17 of their current report: http://cyber.fund/cyberep

A new job for Monero's PR team ;-)

Bah...  That "analysis" looks like a junior high school project.

Make sure to donate to the author with Doge.  A coin he considers to be highly innovative.

first thanks for the giggle! diapositive 17 is hilarious.

but i learned a thing that I did not know (diapositive 2):

I think that the Internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A. The way I can take a $20 bill hand it over to you and then there’s no record of where it came from.

Milton Friedman in 1999 interview.

i'm sure that a lot of people already know this citation and afterwards think about btc but it wasn't a prediction of btc. he describes monero!

[tyz]

When will this new database be released? Further, is there a roadmap of Monero development somewhere? Thanks!

Why don't use the BCN implementation ? Isn't Monero originating from the same codebase ? I have not followed Monero development.

I want to say that cryptrol is a serious and skillful guy so a good answer would be nice. I am just saying that cause i think noone replied him. I would but i dont understand all the differences...

Because Monero new DB will be much better and actually scalable to many different systems: https://bitcointalk.org/index.php?topic=583449.msg10571550#msg10571550

[dEBRUYNE]

When will this new database be released? Further, is there a roadmap of Monero development somewhere? Thanks!

Why don't use the BCN implementation ? Isn't Monero originating from the same codebase ? I have not followed Monero development.

I want to say that cryptrol is a serious and skillful guy so a good answer would be nice. I am just saying that cause i think noone replied him. I would but i dont understand all the differences...

Because Monero new DB will be much better and actually scalable to many different systems: https://bitcointalk.org/index.php?topic=583449.msg10571550#msg10571550

Regarding the DB: They are finalizing it currently (I guess there are still some bugs left) and it should be out soon. (Most of it is already merged into master)

Regarding the Roadmap: Just check the beautiful pictures in this link -> https://getmonero.org/design-goals/

[arnuschky]

FYI, the newbies at CYBER.FUND mark Monero (along with other coins) as garbage, see page 17 of their current report: http://cyber.fund/cyberep

A new job for Monero's PR team ;-)

Bah...  That "analysis" looks like a junior high school project.

Make sure to donate to the author with Doge.  A coin he considers to be highly innovative.

My eyes....
Much buzzy words! Such professionals! Wow!

Yep. The guy even has the nerve to quote himself in the opening slides... 
Gotta love the picture on slide #47 of the "cyber fund creat0r", though 

[cryptrol]

Why don't use the BCN implementation ? Isn't Monero originating from the same codebase ? I have not followed Monero development.

I want to say that cryptrol is a serious and skillful guy so a good answer would be nice. I am just saying that cause i think noone replied him. I would but i dont understand all the differences...

http://getmonero.org/2015/03/02/monero-missive-for-the-week-of-2015-03-02.html

about a quarter of the way through I ask that exact question, because I'm a serious feet to the fire journalist!

That answers my question pretty well, thanks.

Will LMDB significally increase the amount of disk space needed for the full blockchain ?

[smooth]

Why don't use the BCN implementation ? Isn't Monero originating from the same codebase ? I have not followed Monero development.

I want to say that cryptrol is a serious and skillful guy so a good answer would be nice. I am just saying that cause i think noone replied him. I would but i dont understand all the differences...

http://getmonero.org/2015/03/02/monero-missive-for-the-week-of-2015-03-02.html

about a quarter of the way through I ask that exact question, because I'm a serious feet to the fire journalist!

That answers my question pretty well, thanks.

Will LMDB significally increase the amount of disk space needed for the full blockchain ?

No.
It reduces both the drive space usage and the RAM usage.

On Windows (and probably Mac) there is currently an issue of increased space because LMDB preallocates its data area. We're looking at making that dynamic though, so the situation may improve (eventually will improve one way or another, but the question is one of timing).

[smooth]

1. When it is ready

2. http://getmonero.org/design-goals/

When will this new database be released? Further, is there a roadmap of Monero development somewhere? Thanks!

Why don't use the BCN implementation ? Isn't Monero originating from the same codebase ? I have not followed Monero development.

I want to say that cryptrol is a serious and skillful guy so a good answer would be nice. I am just saying that cause i think noone replied him. I would but i dont understand all the differences...

Because Monero new DB will be much better and actually scalable to many different systems: https://bitcointalk.org/index.php?topic=583449.msg10571550#msg10571550

[e-coinomist]

Will LMDB significally increase the amount of disk space needed for the full blockchain ?

About two times and more, from observation. Not sure if Berkeley would be prefereable over LMDB, from storage efficiency. Again here you want to talk to core devs on IRC, for quicker and more precise response.

[aminorex]

crypto.fund likes bytecoin.  likelihood of relationships between bytecoin scammers and crypto.fund principals is non-negligible.

[opennux]

Will the Monero Project be able to address any of these considerations?

...

But now we can improve upon that. With a crypto-currency, in theory[1] we have much greater transparency so that the banks can't hide how great their fractional reserves are (market won't accept it because it is too easy to provide the information digitally as contrasted against physical verification of gold on deposit in the 1800s), and the free market can anneal sooner so that banking crisises are less egregious (less volatile and more subdued impacts).

You see the Knowledge Age is advancing mankind. Armstrong is a dinosaur that wants to stay with the old system of a government regulating the banks' leverage. Nah fuck that! Let's move forward with the new technology of money.

[1] Serious problems haven't been resolved yet, such as reliable anonymity (i.e. Tor/I2P is probably a honeypot and Monero relies on either Tor or I2P to obscure your IP), decentralization of mining (Bitcoin being controlled by 1 - 4 pools), real-time transactions, fragmentation of the internet or power outages, etc..

I think that depends on the development of Monero! I mean, its an open source project, so anything can happen, right?

I don't know the Tor/I2P thing. I mean, couldn't the privacy thing (at least with monero) just be achieved with a VPN?

decentralization of mining - the project map has "new algorithm" on it at somepoint, so who knows. I also concur that this is something that needs focus.

real time transactions - i ultimately think most point of sale transactions will just use a cloaked account check. So the merchant software queries the blockchain to see if theres enough in your account, and then executes the transaction. Realistically, any double spend attack requires more coordination than someone buying groceries, doesn't it?

fragmentation of internet - This is particularly interesting, because theoretically if the internet becomes fragmented, individuals making transactions will be segregated into two unique blockchain forks. However, there might/could/should be a way for the two forks to merge if the daemon can verify that all of the transactions on each unique fork were indeed unique. The only possible exploit would be if you could manage to get your private key from one segregated net to the other, so you can have activity on both forks. Yeah, because the longest chain rule would pick one fragmented net over the other, voiding all transactions during the fragment.

VPN's are and can be a honeypot, back-doored or just be handed a warrant.

In regards to I2p there are plenty well described attack vectors. https://geti2p.net/nl/docs/how/threat-model