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

[elrippo]

Quite funny, i noticed that i am a Senior Member by now and secondly i just found out that i am the only full node in my country  
Both findings make me kind of proud yeeeaaahhhhh  

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[GingerAle]

Quite funny, i noticed that i am a Senior Member by now and secondly i just found out that i am the only full node in my country  
Both findings make me kind of proud yeeeaaahhhhh  

reminded by that graph that there's no presence in south america.

[elrippo]

Quite funny, i noticed that i am a Senior Member by now and secondly i just found out that i am the only full node in my country  
Both findings make me kind of proud yeeeaaahhhhh  

reminded by that graph that there's no presence in south america.

Well that's kind of sad if you take in consideration the naming of MONERO. Maybe we should host a VPS there....

[GingerAle]

Quite funny, i noticed that i am a Senior Member by now and secondly i just found out that i am the only full node in my country  
Both findings make me kind of proud yeeeaaahhhhh  

reminded by that graph that there's no presence in south america.

Well that's kind of sad if you take in consideration the naming of MONERO. Maybe we should host a VPS there....

It's ALSO kind of sad considering that south america is home to many countries where a truly private digital currency would benefit many people.

True to form, perhaps we should really work on creating an esperanto version of EVERYTHING in the moneroverse. Granted, it all might be google-translate esperanto, but its better than nothing.

[elrippo]

Quite funny, i noticed that i am a Senior Member by now and secondly i just found out that i am the only full node in my country  
Both findings make me kind of proud yeeeaaahhhhh  

reminded by that graph that there's no presence in south america.

Well that's kind of sad if you take in consideration the naming of MONERO. Maybe we should host a VPS there....

It's ALSO kind of sad considering that south america is home to many countries where a truly private digital currency would benefit many people.

True to form, perhaps we should really work on creating an esperanto version of EVERYTHING in the moneroverse. Granted, it all might be google-translate esperanto, but its better than nothing.

Well the strategy should be presence in south america, so we would need a native translation to esperanto and we also would need at least a full node there, better would be a mining pool.
For the translation i would chip in 

[binaryFate]

Well the strategy should be presence in south america, so we would need a native translation to esperanto

Huh... maybe Spanish would be more useful than Esperanto? 

[elrippo]

Well the strategy should be presence in south america, so we would need a native translation to esperanto

Huh... maybe Spanish would be more useful than Esperanto? 

Portuguese and spanish if you want to cover the southern continent of america 

[GingerAle]

Well the strategy should be presence in south america, so we would need a native translation to esperanto

Huh... maybe Spanish would be more useful than Esperanto? 

Portuguese and spanish if you want to cover the southern continent of america 

i thought someone did do a portugese translation .....

[elrippo]

Well the strategy should be presence in south america, so we would need a native translation to esperanto

Huh... maybe Spanish would be more useful than Esperanto? 

Portuguese and spanish if you want to cover the southern continent of america 

i thought someone did do a portugese translation .....

Well i am not quite up to date regarding our translations in identitiy and quantity....

[myagui]

<- That guy volunteered for the PT translation, atm just waiting for the multi-language backend to be ready.

[jwinterm]

Quite funny, i noticed that i am a Senior Member by now and secondly i just found out that i am the only full node in my country  
Both findings make me kind of proud yeeeaaahhhhh  

reminded by that graph that there's no presence in south america.

Well that's kind of sad if you take in consideration the naming of MONERO. Maybe we should host a VPS there....

There is a node in Brazil now. I'm surprised there's not at least a few between Mexico and South America. It seems like the most frequent visitors to #monero-pools on IRC are spanish speaking people looking for help. Maybe they all just mine straight to exchange though...or they're all actually the same person...or something.

[equipoise]

Quite funny, i noticed that i am a Senior Member by now and secondly i just found out that i am the only full node in my country  
Both findings make me kind of proud yeeeaaahhhhh  

reminded by that graph that there's no presence in south america.

Well that's kind of sad if you take in consideration the naming of MONERO. Maybe we should host a VPS there....

There is a node in Brazil now. I'm surprised there's not at least a few between Mexico and South America. It seems like the most frequent visitors to #monero-pools on IRC are spanish speaking people looking for help. Maybe they all just mine straight to exchange though...or they're all actually the same person...or something.

There are more nodes counted here: http://moneronodes.i2p.xyz/

[cryptonewb]

Just checking in to want to let you guys know I managed to set up an Monero node. I'm testing out the mixing transactions. Still need to learn a lot though.

Some questions:
1) Is it possible to have instant confirmations ever added to monero?
2) How many darksend "mixing rounds" are comparable to the "mixing number" of monero

thanks in advance!

[dnaleor]

Just checking in to want to let you guys know I managed to set up an Monero node. I'm testing out the mixing transactions. Still need to learn a lot though.

Some questions:
1) Is it possible to have instant confirmations ever added to monero?
2) How many darksend "mixing rounds" are comparable to the "mixing number" of monero

thanks in advance!

congratz!

1) probably not, because instant confirmations aren't safe. instantX seems to have a lot of flaws, so we are not messing with that.
2) monero mixing is superior to dash mixing because it adds plausible deniability to every mixing transaction. In the next version, this will be enforced across the network. A darksend transaction only gives you a limited anonimity set, while the monero mixing set is much bigger. (also, it seems the 6 "liquidity providers" are doing most of the darksend mixing, making it very unsecure)

[c789]

Just checking in to want to let you guys know I managed to set up an Monero node. I'm testing out the mixing transactions. Still need to learn a lot though.

Some questions:
1) Is it possible to have instant confirmations ever added to monero?
2) How many darksend "mixing rounds" are comparable to the "mixing number" of monero

thanks in advance!

Congrats! As for instant confirmations, Monero uses 60-second blocks, so any transaction should confirm in 60 seconds or less. That's pretty fast. Someone else may be working on making faster confirmations. If so, someone else will pipe in with that info.

As for Monero mixin compared to darksend mixing rounds, all Monero "mixing" is completely decentralized and there are no master nodes on which to rely. I like Dash and have a good deal of respect for their devs but I'd rather not be dependent on master nodes since they are semi-centralized. What if a govt or entity sets up tons of masternodes and all of your transactions are routed through them? It's kind of like how Tor's privacy can be undermined if one entity controls all of the nodes in your route. Plus, all of Monero is open source so you know exactly what is going on in the system.  All of that to me means I can trust it more.

The Monero mixin count refers to the number of other signatures (aside from yours) in the ring-signature that authorizes the transaction. So a mixin of 4 means that there are a total of 5 signatures. This means that someone looking at the Monero blockchain has no way of knowing which of the five signers is the true sender. (from https://monerobase.com/Mixin)

[binaryFate]

A darksend transaction only gives you a limited anonimity set, while the monero mixing set is much bigger.

Additionally to the centralization in dash explained in the post above, and to the sole difference of anonymity set sizes (we're talking ~5 against dozens or hundreds of thousands), in dash only active people at the same time mix together. Monero mixes across time.

(also, it seems the 6 "liquidity providers" are doing most of the darksend mixing, making it very unsecure)

Exactly, and you can't dismiss these 6 peoples (what a laughable number!) are the same entity.


Edit: "dozens of hundreds" -> "dozens or hundreds of thousands"

[MasterMined710]

Just checking in to want to let you guys know I managed to set up an Monero node. I'm testing out the mixing transactions. Still need to learn a lot though.

Some questions:
1) Is it possible to have instant confirmations ever added to monero?
2) How many darksend "mixing rounds" are comparable to the "mixing number" of monero

thanks in advance!

congratz!

1) probably not, because instant confirmations aren't safe. instantX seems to have a lot of flaws, so we are not messing with that.
2) monero mixing is superior to dash mixing because it adds plausible deniability to every mixing transaction. In the next version, this will be enforced across the network. A darksend transaction only gives you a limited anonimity set, while the monero mixing set is much bigger. (also, it seems the 6 "liquidity providers" are doing most of the darksend mixing, making it very unsecure)

1) lol, do tell

2) "6 "liquidity providers" are doing most of the darksend mixing"
lol, you just made that up. proof or stfu!

[MasterMined710]

snip...
As for Monero mixin compared to darksend mixing rounds, all Monero "mixing" is completely decentralized and there are no master nodes on which to rely.

semantics. DASH is just as decentralized as monero probably a lot more.
 how many nodes does monero currently have?

I like Dash and have a good deal of respect for their devs but I'd rather not be dependent on master nodes since they are semi-centralized.

"semi-centralized". again, semantics that don't really mean anything.

What if a govt or entity sets up tons of masternodes and all of your transactions are routed through them?

lol, it does not work like that now. do some research or wait for v13 evolution which will change everything again.

Plus, all of Monero is open source so you know exactly what is going on in the system.  All of that to me means I can trust it more.

it's actually just the opposite. read toknormal's highly detailed post on this subject.

[iCEBREAKER]

As for Monero mixin compared to darksend mixing rounds, all Monero "mixing" is completely decentralized and there are no master nodes on which to rely.

semantics. DASH is just as decentralized as monero probably a lot more.
 how many nodes does monero currently have?

You have been confused by cargo cult brainwashing and stressful bag-holding.

Here, read this: http://www.truthcoin.info/blog/measuring-decentralization/.

The measure of decentralization is the cost of running a full contributing (access+verify+amplify) node.

A full Dash node costs 1000 Dash plus the other costs.  That's ~$2500, and terrible for decentralization as you approach Pareto convergence.

A full Monero node costs about $100 for an old laptop.  Excellent for decentralization out on the fat, heavy tail!

[aerbax]

In MasterMined710's post history, you can see where they're anxious to get their hands on additional Dash Masternodes via price fluctuations...

Doesn't that sort of go against the notion of decentralization?  It would seem that a legitimate Dash proponent that advocates decentralization would want to stick with owning just one Masternode.  Mathematically speaking, owning more than one masternode violates the idea of decentralization.  At it's very best, it's diluted decentralization.

Masternodes are what does the heavy lifting.  But yet they encourage owning as many as you can through financial incentives.  How can you not see that at some point it's going to come crumbling down?  That's a huge security flaw.