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

[saddambitcoin]

they will have to kill me before they shut off my monero node !!!

Raspberry Pi's are cool, but it would be really cool to embed some sort of computer in your body.

anybody with me?

[jwinterm]

they will have to kill me before they shut off my monero node !!!

Raspberry Pi's are cool, but it would be really cool to embed some sort of computer in your body.

anybody with me?

This guy is: http://www.geek.com/chips/man-implants-smartphone-sized-computer-in-arm-to-become-diy-cyborg-1575915/

[Drhiggins]

So now that we are into March when exactly is the fork coming?

[smooth]

So now that we are into March when exactly is the fork coming?

Block 1009827

https://github.com/monero-project/bitmonero/blob/master/src/cryptonote_core/blockchain.cpp#L82

[saddambitcoin]

Hm, I might wait until the body ASICs get smaller. That looks painful.

[japerry]

Experimental Trezor Firmware Testing (testers needed):

https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing

If you want to try a Ledger version I have a Ledger I can throw at it.

[bitebits]

I think once Monero gets a better following then perhaps a bounty could be put up for setting up some basic node guidelines and maybe 6 initial nodes around the world could be set up. Strict guidelines for how they should be set up and updated should be established by the core dev team.  Question is who is going to pay for it.  Perhaps once more transaction fees are generated on the network then a small portion of that could be used to set up, establish and maintain some nodes around the world.

I don't think this is required, because for Monero there is a clear incentive to run your own node: privacy.

[electronicash]

I'd like to move my moneros some online wallet and get it right back when i'm done reinstalling my system and install monero wallet. thats what i'm looking for now but which monero web wallet do you guys trust the most? i only have few though but i don't wanna lose them. 

[Drhiggins]

So now that we are into March when exactly is the fork coming?

Block 1009827

https://github.com/monero-project/bitmonero/blob/master/src/cryptonote_core/blockchain.cpp#L82

Ok thanks for that info, we are not far off.
Will there be any updates that need to be installed on the users end?

[dEBRUYNE]

I'd like to move my moneros some online wallet and get it right back when i'm done reinstalling my system and install monero wallet. thats what i'm looking for now but which monero web wallet do you guys trust the most? i only have few though but i don't wanna lose them. 

Use MyMonero -> https://MyMonero.com, run by fluffypony, who is one of the core-team members of Monero.

[dEBRUYNE]

So now that we are into March when exactly is the fork coming?

Block 1009827

https://github.com/monero-project/bitmonero/blob/master/src/cryptonote_core/blockchain.cpp#L82

Ok thanks for that info, we are not far off.
Will there be any updates that need to be installed on the users end?

There will be a point release soon with some important bug fixes (mentioned in the dev-meeting and a few days back on IRC as well). Furthermore, you should be running any 0.9.x version (preferably 0.9.2 when it's out).

[bitebits]

https://en.wikipedia.org/wiki/Monero_(cryptocurrency):

History[edit]
Monero was launched on 18 April 2014[5] originally under the name BitMonero, which is a compound of Bit (as in Bitcoin) and Monero (literally meaning coin in Esperanto). Five days later the community opted for the name to be shortened just to Monero.[6][7] It was launched as the first fork of CryptoNote-based currency Bytecoin, however was released with two major differences. Firstly, the target block time was decreased from 120 to 60 seconds, and secondly, the emission speed was decelerated by 50%. In addition, the Monero developers found numerous incidents of poor quality code that was subsequently cleaned and re-constituted.[citation needed]

Was reading the Monero Wikipedia website. Can anybody of the early guys / developers remember why at the time it was decided to change the block time to one minute? I think this is interesting since we are soon changing back to two minutes.

[dEBRUYNE]

https://en.wikipedia.org/wiki/Monero_(cryptocurrency):

History[edit]
Monero was launched on 18 April 2014[5] originally under the name BitMonero, which is a compound of Bit (as in Bitcoin) and Monero (literally meaning coin in Esperanto). Five days later the community opted for the name to be shortened just to Monero.[6][7] It was launched as the first fork of CryptoNote-based currency Bytecoin, however was released with two major differences. Firstly, the target block time was decreased from 120 to 60 seconds, and secondly, the emission speed was decelerated by 50%. In addition, the Monero developers found numerous incidents of poor quality code that was subsequently cleaned and re-constituted.[citation needed]

Was reading the Monero Wikipedia website. Can anybody of the early guys / developers remember why at the time it was decided to change the block time to one minute? I think this is interesting since we are soon changing back to two minutes.

Because the original launcher thankful-for-today thought it was a good idea, even when the community strongly opposed to it.

[dEBRUYNE]

The Zcash catch

https://blog.okturtles.com/2016/03/the-zcash-catch/

Monero mentioned.

[GingerAle]

https://en.wikipedia.org/wiki/Monero_(cryptocurrency):

History[edit]
Monero was launched on 18 April 2014[5] originally under the name BitMonero, which is a compound of Bit (as in Bitcoin) and Monero (literally meaning coin in Esperanto). Five days later the community opted for the name to be shortened just to Monero.[6][7] It was launched as the first fork of CryptoNote-based currency Bytecoin, however was released with two major differences. Firstly, the target block time was decreased from 120 to 60 seconds, and secondly, the emission speed was decelerated by 50%. In addition, the Monero developers found numerous incidents of poor quality code that was subsequently cleaned and re-constituted.[citation needed]

Was reading the Monero Wikipedia website. Can anybody of the early guys / developers remember why at the time it was decided to change the block time to one minute? I think this is interesting since we are soon changing back to two minutes.

Because the original launcher thankful-for-today thought it was a good idea, even when the community strongly opposed against it.

One slow weekend night long ago I read through the entirety of Monero's bitcointalk historical ANN thread(s). The logic provided by TFT was that 1 minute blocktimes would increase the distribution of money in the initial emission phase when the frequency of solo mining would be highest (1 block finder every 1 minute vs every 2, so twice as many lottery drawings per day). There was no real agreement by the community that it was a good idea (due to increase orphan rate), but a post-hoc (after the fact) rationale ... or perhaps appeasement.... was that the blocktime would eventually move back to 2 minutes, after the primary emission phase was over. It was thought that the low transaction volume during the initial phase (as would be expected with a young currency) would prevent a high frequency of orphans caused by the 1 minute blocktime. So, the move back to 2 minutes, for those that have been here, is all going to plan.

Or I could have this wrong. Feel free to read the old threads

[bitebits]

Thanks dEBRUYNE and GingerAle, very interesting. I actually will read through the old ANN threads a bit, interesting to read how things were discussed and eventually turned out. And maybe I can find some gems

[Johnny Mnemonic]

One slow weekend night long ago I read through the entirety of Monero's bitcointalk historical ANN thread(s). The logic provided by TFT was that 1 minute blocktimes would increase the distribution of money in the initial emission phase when the frequency of solo mining would be highest (1 block finder every 1 minute vs every 2, so twice as many lottery drawings per day). There was no real agreement by the community that it was a good idea (due to increase orphan rate), but a post-hoc (after the fact) rationale ... or perhaps appeasement.... was that the blocktime would eventually move back to 2 minutes, after the primary emission phase was over. It was thought that the low transaction volume during the initial phase (as would be expected with a young currency) would prevent a high frequency of orphans caused by the 1 minute blocktime. So, the move back to 2 minutes, for those that have been here, is all going to plan.

Or I could have this wrong. Feel free to read the old threads

This was just his bullshit justification for slapping a 60 second block target onto bitmonero. Fast block times were all the rage in early 2014, and he was trying to capitalize on that.

[smooth]

Pretty much agree with Johnny Mnemonic although we can't prove it was a bullshit justification. I'm pretty sure the justification was only give after getting pushback from the community though.

It is certainly true that fast block times were all the rage, and many of the clone shitcoins were being launched with 30 second or one minute block times.

[americanpegasus]

It is certainly true that fast block times were all the rage, and many of the clone shitcoins were being launched with 30 second or one minute block times.

 

Unrelated question: 
 
Do you foresee any demand for an Ethereum like smart contract system built on top of ring signatures?  Will this be the inevitable next step?

[dEBRUYNE]

Experimental Trezor Firmware Testing (testers needed):

https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing

First test report, thanks to ferritinjapan!

Ta. It looks pretty good so far. Wallet loads up after initialisation in chrome on mytrezor.com, loaded up with simplewallet no problem, made a watching wallet from the viewkey which is synched on the 9.1 version of simplewallet. Looks like the watchonly wallet see all the transactions it is supposed to. Sent a Monero to the Trezor address and recognised the transaction on the network. Once it unlocked I sent some of it back after confirming it on the Trezor. Recognised by the network no problem. So far so good! Fantastic work getting this up and going BTW, I thought we'd be waiting more than a year for something even close to a Monero hardware wallet.

Also, general remark:

Question:

It runs, but I have no idea how to input the pin properly when it is requested. How does that work on the command line?

Answer:

Please use the numeric keypad to input the corresponding box.

https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing