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

[Wheatclove]

Assuming that the Shadowcash developers aren't already anonymously contributing to Monero code, would there be any support for a bounty to possibly lure some of them in to our side?  
  
I think others have confirmed that though they may be misguided about their POS/POW launch, they seem to be legitimate people who aren't outright trying to scam anyone.  Would their talents have any use, and if so, are we prepared to compensate them at all for the enormous financial hit they might take by abandoning their baby?  
  
The more legitimate talent we can bring into the Monero-sphere the better of the project (and the world) will be.  It's going to take a *lot* of momentum and force to catch up to bitcoin and we could use all the help we can get.  

https://bitcointalk.org/index.php?topic=999789.msg12570030#msg12570030

It would take a security exploit that renders Bitcoin useless to allow any altcoin to catch up to it.

Can't speak for any of the Shadow devs though. Would be interesting to see this anonymous mega coin dev team, but I'd like to think that the shadow devs enjoy the community they've created.

[americanpegasus]

It would take a security exploit that renders Bitcoin useless to allow any altcoin to catch up to it.

 
 
I disagree.  Bitcoin has a lot of fundamental problems and it's silly to artificially limit speculation by bitcoin price, especially as this endeavor moves forward.  If bitcoin stagnates at $250 forever because the network technology stagnates it's silly to say that no "altcoin" can ever eclipse a 3 billion dollar marketcap. 
 
I believe it will be difficult to catch up to bitcoin, but certainly not impossible, especially if it falls apart socially and development wise.  The implications might be hard to fathom, but so was a billion-dollar marketcap for bitcoin in the first place.  I currently see a future of two major blockchains with Bitcoin forming the public one and Monero the private one - and I think the private blockchain will actually carry more value inside of it because the value of global private money is greater than global public money.

[kazuki49]

Its not impossible, Monero is way ahead of Bitcoin in terms of e-cash properties, all Bitcoin has is what Bitcoin has, it just takes lots of money to surpass Bitcoin, there is no magic needed, just an enormous amount of cold hard cash. I believe this coin has the properties that will attract this kind of money in the future. No serious altcoin dared to try before, Litecoin capped itself as a Silver to Bitcoin's gold, most others tried to be something Bitcoin isn't. Monero is Bitcoin better and it won't cap itself, as much as some are hoping and trying to just shove it in a sidechain. I'm not really deluding myself, this is how I see the situation it may or not happen, it may or may not be Monero but one worthy 'altcoin' will surpass Bitcoin sooner or later, its a matter of time.

[newb4now]

Holy shit, 200 mixin?  Isn't it pretty unfeasible to ever trace a transaction even after just 3 mixin?  
  
200 is like breaking matter down to quarks and reassembling it.  

If there are many transactions, it is difficult to trace after 3 minxin.

I think the point is that a stress test (or blockchain parse to check for available mixins) is useful technical information. People should know what the maximum possible mixin is so they don't accidentally exceed it.

[smooth]

Holy shit, 200 mixin?  Isn't it pretty unfeasible to ever trace a transaction even after just 3 mixin?  
  
200 is like breaking matter down to quarks and reassembling it.  

If there are many transactions, it is difficult to trace after 3 minxin.

I think the point is that a stress test (or blockchain parse to check for available mixins) is useful technical information. People should know what the maximum possible mixin is so they don't accidentally exceed it.

There is no maximum (unless there is a bug, so as you say it is useful to test). It is limited only by physical size of the data.

[smoothie]

Its not impossible, Monero is way ahead of Bitcoin in terms of e-cash properties, all Bitcoin has is what Bitcoin has, it just takes lots of money to surpass Bitcoin, there is no magic needed, just an enormous amount of cold hard cash. I believe this coin has the properties that will attract this kind of money in the future. No serious altcoin dared to try before, Litecoin capped itself as a Silver to Bitcoin's gold, most others tried to be something Bitcoin isn't. Monero is Bitcoin better and it won't cap itself, as much as some are hoping and trying to just shove it in a sidechain. I'm not really deluding myself, this is how I see the situation it may or not happen, it may or may not be Monero but one worthy 'altcoin' will surpass Bitcoin sooner or later, its a matter of time.

So is Monero the Platinum to Bitcoin's gold? 

[smoothie]

Holy shit, 200 mixin?  Isn't it pretty unfeasible to ever trace a transaction even after just 3 mixin?  
  
200 is like breaking matter down to quarks and reassembling it.  

If there are many transactions, it is difficult to trace after 3 minxin.

I think the point is that a stress test (or blockchain parse to check for available mixins) is useful technical information. People should know what the maximum possible mixin is so they don't accidentally exceed it.

There is no maximum (unless there is a bug, so as you say it is useful to test). It is limited only by physical size of the data.

And is limited to the amount of outputs that already exist to mix with?

[smooth]

Holy shit, 200 mixin?  Isn't it pretty unfeasible to ever trace a transaction even after just 3 mixin?  
  
200 is like breaking matter down to quarks and reassembling it.  

If there are many transactions, it is difficult to trace after 3 minxin.

I think the point is that a stress test (or blockchain parse to check for available mixins) is useful technical information. People should know what the maximum possible mixin is so they don't accidentally exceed it.

There is no maximum (unless there is a bug, so as you say it is useful to test). It is limited only by physical size of the data.

And is limited to the amount of outputs that already exist to mix with?

True for any particular point on the chain. That is generally growing though.

[phishead]

Assuming that the Shadowcash developers aren't already anonymously contributing to Monero code, would there be any support for a bounty to possibly lure some of them in to our side?  
  
I think others have confirmed that though they may be misguided about their POS/POW launch, they seem to be legitimate people who aren't outright trying to scam anyone.  Would their talents have any use, and if so, are we prepared to compensate them at all for the enormous financial hit they might take by abandoning their baby?  
  
The more legitimate talent we can bring into the Monero-sphere the better of the project (and the world) will be.  It's going to take a *lot* of momentum and force to catch up to bitcoin and we could use all the help we can get.  

https://bitcointalk.org/index.php?topic=999789.msg12570030#msg12570030

https://i.imgur.com/CDJfMxP.png

What about this guy AP?  Seems like Charles is looking for a new home after Etherum kicked his ass, why not invite him in our comfy home?

https://bitcointalk.org/index.php?topic=1215122.msg12750323#msg12750323

[americanpegasus]

What about this guy AP?  Seems like Charles is looking for a new home after Etherum kicked his ass, why not invite him in our comfy home?

https://bitcointalk.org/index.php?topic=1215122.msg12750323#msg12750323

 
 
Shit. 
 
I'm listening to his podcast now.  He's obviously extraordinarily intelligent and well-spoken.  As someone who has worked on Bitshares and Ethereum, recruiting him into the Monero fold would be a massive win (both for him and the technology).  One issue would be convincing him to fold his individual efforts into our own, and I wouldn't be surprised if he has some hesitance to that idea; he may have a well-earned ego as a pioneer of some truly visionary crypto-projects.  To join Monero might not seem as glamorous as launching his own new currency, but it is the correct path forward.  After all, we don't all get to own our own internets - we need to agree on one protocol and build on top of it (see AOL vs. CompuServe vs. "just the internet").  The other challenge might be to correct any existing misconceptions he may have about Monero as "just another altcoin like Dash". 
 
Let me finish the podcast and formulate my thoughts.  I'm certain that he's heard of Monero already; I'm wondering what his current thoughts are on it.
 

[chennan]

What about this guy AP?  Seems like Charles is looking for a new home after Etherum kicked his ass, why not invite him in our comfy home?

https://bitcointalk.org/index.php?topic=1215122.msg12750323#msg12750323

 
 
Shit. 
 
I'm listening to his podcast now.  He's obviously extraordinarily intelligent and well-spoken.  As someone who has worked on Bitshares and Ethereum, recruiting him into the Monero fold would be a massive win (both for him and the technology).  One issue would be convincing him to fold his individual efforts into our own, and I wouldn't be surprised if he has some hesitance to that idea; he may have a well-earned ego as a pioneer of some truly visionary crypto-projects.  To join Monero might not seem as glamorous as launching his own new currency, but it is the correct path forward.  After all, we don't all get to own our own internets - we need to agree on one protocol and build on top of it (see AOL vs. CompuServe vs. "just the internet").  The other challenge might be to correct any existing misconceptions he may have about Monero as "just another altcoin like Dash". 
 
Let me finish the podcast and formulate my thoughts.  I'm certain that he's heard of Monero already; I'm wondering what his current thoughts are on it.
 

I've already listened to the whole thing, and he does hint at some new alt coins having the potential to posses better qualities which make it value... but if I heard everything correctly (went to the bathroom for a minute and came back) he didn't mention monero specifically... but he does talk about things like dash, ethereum, ripple, and other things of that nature.

[iCEBREAKER]

So is Monero the Platinum to Bitcoin's gold? 

Duh.  Welcome to one year ago!

Way to arrive at the party fashionably late.   

[americanpegasus]

So is Monero the Platinum to Bitcoin's gold?  

Duh.  Welcome to one year ago!

Way to arrive at the party fashionably late.    

I disagree.  
  
Bitcoin was never gold.  Bitcoin's closest analogue was Stonehenge.  It was a decentralized public resource, constructed at great cost, and used to transact debts.  Once a "cycle" everyone of import met and came to a consensus on who owned what, but as a consequence of this there could be no private transactions.  All transactions of who owned what "sacred stone" had to be declared and acknowledged by all other members of those who were transacting.  BTW, the concept that Stonehenge's purpose was to serve as a financial ledger is attributed to Reddit user /u/DonaldMcIntyre.  
  
In actuality, Monero is the first digital gold, not Bitcoin.  
  
I have posted this picture before, but it bears repeating that Bitcoin fulfilled all the requirements of being the first digital collectible (which was monumental - not to take anything away from it), but it was not the next true evolution of money.  That may be a bold statement, but it's true.  Cryptonote, and Monero by extension, is the next big evolution of money - and as a result will (imho) overtake bitcoin by value in time.  
  

[iCEBREAKER]

Bitcoin was never gold.  Bitcoin's closest analogue was Stonehenge.  It was a decentralized public resource, constructed at great cost, and used to transact debts.  Once a "cycle" everyone of import met and came to a consensus on who owned what, but as a consequence of this there could be no private transactions.  All transactions of who owned what "sacred stone" had to be declared and acknowledged by all other members of those who were transacting.  BTW, the concept that Stonehenge's purpose was to serve as a financial ledger is attributed to Reddit user /u/DonaldMcIntyre.  
  
In actuality, Monero is the first digital gold, not Bitcoin.  
  
I have posted this picture before, but it bears repeating that Bitcoin fulfilled all the requirements of being the first digital collectible (which was monumental - not to take anything away from it), but it was not the next true evolution of money.  That may be a bold statement, but it's true.  Cryptonote, and Monero by extension, is the next big evolution of money - and as a result will (imho) overtake bitcoin by value in time.  

Bitcoin is simply BitGold + HashCash + Reusable Proof of Work.  It's "mining" function was designed to be analogous to gold mining.

Stonehenge's purpose is to maintain a time rift, where the same actions are played out (with minor variations), over and over again, with the end result being that the power of the circle will eventually be released to the outside world. Whenever this is faulted, however, the time circle resets and the same events attempt again to unfold. However, since time is passing in the outside world in a normal way, that within the time circle must also progress matching the time period of the real world while still attempting to play out the events within.

The original stone circle was built during megalithic Great Britain and inhabited by a pagan folk led by a Druid priest. The village priest then witnessed the formation of a supernova and somehow deduced that a black hole had formed shortly thereafter. Using a variety of psychic powers, mixed with folk magic, the priest was able to harness the power of the stones (which were natural magnets) and focus negative energy, via a beam of light, through the centre of the circle towards the black hole.

Monero plays the role of platinum to Bitcoin's gold because while (immutable/serene) BTC/Au mostly just sits in vaults, XMR/Pt have far more industrial uses (thanks to higher reactivity, they are superior catalysts).

XMR is also significantly more rare than BTC, with 18 vs 21 million total coin emission.

[newb4now]

Can Monero do something like this?

https://dashtalk.org/threads/new-video-translations.6159/

Many people still cannot be reached by our current materials because of language barriers.

[GingerAle]

Can Monero do something like this?

https://dashtalk.org/threads/new-video-translations.6159/

Many people still cannot be reached by our current materials because of language barriers.

it could. I'm guessing that kind of material cost thousands of dollars to make. But first step to making such a thing would be a script.

[phishead]

Can Monero do something like this?

https://dashtalk.org/threads/new-video-translations.6159/

Many people still cannot be reached by our current materials because of language barriers.

it could. I'm guessing that kind of material cost thousands of dollars to make. But first step to making such a thing would be a script.

Well, when the time comes... Two of my buddies could possibly go about translating stuff.  One of them speaks Mandarin and the other Japanese.  I still have yet to have seen them for some time now... but I'm sure if I were to meet up with them for a couple of beers and talk to them a bit, they would be interested.  Though, they are currently living in the countries where those languages apply.

[aminorex]

Hello!

I am in favor of this post, but if the traffic were to get heavy (a good thing) we should have a separate XMR Marketplace thread, or sth.  Maybe it already exists?

(PM'd Zoran).

[phishead]

What about this guy AP?  Seems like Charles is looking for a new home after Etherum kicked his ass, why not invite him in our comfy home?

https://bitcointalk.org/index.php?topic=1215122.msg12750323#msg12750323

 
 
Shit. 
 
I'm listening to his podcast now.  He's obviously extraordinarily intelligent and well-spoken.  As someone who has worked on Bitshares and Ethereum, recruiting him into the Monero fold would be a massive win (both for him and the technology).  One issue would be convincing him to fold his individual efforts into our own, and I wouldn't be surprised if he has some hesitance to that idea; he may have a well-earned ego as a pioneer of some truly visionary crypto-projects.  To join Monero might not seem as glamorous as launching his own new currency, but it is the correct path forward.  After all, we don't all get to own our own internets - we need to agree on one protocol and build on top of it (see AOL vs. CompuServe vs. "just the internet").  The other challenge might be to correct any existing misconceptions he may have about Monero as "just another altcoin like Dash". 
 
Let me finish the podcast and formulate my thoughts.  I'm certain that he's heard of Monero already; I'm wondering what his current thoughts are on it.
 

Hey AP, saw you posted on the thread and am curious if he ever did respond to you... is there anything we can do to get him on board? Funding? Anything?

[XMRpromotions]

Can Monero do something like this?

https://dashtalk.org/threads/new-video-translations.6159/

Many people still cannot be reached by our current materials because of language barriers.

it could. I'm guessing that kind of material cost thousands of dollars to make. But first step to making such a thing would be a script.

Well, when the time comes... Two of my buddies could possibly go about translating stuff.  One of them speaks Mandarin and the other Japanese.  I still have yet to have seen them for some time now... but I'm sure if I were to meet up with them for a couple of beers and talk to them a bit, they would be interested.  Though, they are currently living in the countries where those languages apply.

I think the time has come already. We need marketing to grow our user base. More users can help fund more donations towards development.