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

[dEBRUYNE]

"LE36: Roger Ver and Erik Voorhees – Scaling Debate and the Future of Bitcoin" - Monero Mentioned at 29:20:

https://www.youtube.com/watch?v=EiePk91w6pM#t=29m20s

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[dEBRUYNE]

"On Fungibility, Bitcoin, Monero and why ZCash is a bad idea."

http://weuse.cash/2016/06/09/btc-xmr-zcash/

https://www.reddit.com/r/btc/comments/4nai1r/on_fungibility_bitcoin_monero_and_why_zcash_is_a/

https://www.reddit.com/r/Monero/comments/4nag3w/on_fungibility_bitcoin_monero_and_why_zcash_is_a/

[GingerAle]

weird.

The wave pattern theoretically caused by the 1 minute blocktime seems to have disappeared, but now difficulty seems anything but smooth after the fork.

http://chainradar.com/xmr/chart

as you click through the different coins on chainradar, this seems to be related to the network hashrate - at least the magnitude of the swings.

I ponder if "difficulty sniping" will become a thing at some point. Or difficulty manipulation. Imagine you have a lot of hashpower, like 10 MH.

2.04 - Mon, Jun 6th peak 1:50
1.64 - Mon, Jun 6th bottom 18:33

The delta of those 2 is considerable. I don't feel like doing the math right now, but theoretically your more likely to have a dice roll result that meets the 1.64 difficulty than the 2.04 difficulty, just due to the change in the volume of the "winning" results space, right?

So ultimately, if you have considerable hashrate available that can be switched on and off, you would monitor the network till it dips, slam on your MH machine, and then find a bunch of blocks until the algorithm adjusts to your hashpower. Then you'd switch off, saving money by not using electricity, and wait for it to die down again.

This would wreak havoc on blocktimes.

In other news, a brief glance at the timestamps on moneroblocks.info suggests that the backwards time stamping pool is offline. YAY.

clearly a slow day at work.

[c789]

...
In other news, a brief glance at the timestamps on moneroblocks.info suggests that the backwards time stamping pool is offline. YAY.

clearly a slow day at work.

I just checked my node. Looks like the future timestamp node went offline June 7th. Nice!

Slow work days are a rarity - enjoy!

[Hueristic]

weird.

The wave pattern theoretically caused by the 1 minute blocktime seems to have disappeared, but now difficulty seems anything but smooth after the fork.

http://chainradar.com/xmr/chart

as you click through the different coins on chainradar, this seems to be related to the network hashrate - at least the magnitude of the swings.

I ponder if "difficulty sniping" will become a thing at some point. Or difficulty manipulation. Imagine you have a lot of hashpower, like 10 MH.

2.04 - Mon, Jun 6th peak 1:50
1.64 - Mon, Jun 6th bottom 18:33

The delta of those 2 is considerable. I don't feel like doing the math right now, but theoretically your more likely to have a dice roll result that meets the 1.64 difficulty than the 2.04 difficulty, just due to the change in the volume of the "winning" results space, right?

So ultimately, if you have considerable hashrate available that can be switched on and off, you would monitor the network till it dips, slam on your MH machine, and then find a bunch of blocks until the algorithm adjusts to your hashpower. Then you'd switch off, saving money by not using electricity, and wait for it to die down again.

This would wreak havoc on blocktimes.

In other news, a brief glance at the timestamps on moneroblocks.info suggests that the backwards time stamping pool is offline. YAY.

clearly a slow day at work.

We've seen this for awhile now, throw in a pull request. There's no reason (that I can think of) that the addition of a algorithm check cannot be thrown in to que/skip miners to not receive blocks that are low diff (in comparison) if they have not worked on previous higher diff one's within a set timeframe. Sounds like a trivial addition for a hardfork and one that should alleviate gamers of the system.

[crypto44]

 Dear Monero Community,

I have a quick question: I want to send monero form mymonero website wallet.
I have received as deposit address a hexadecimal string. But the problem is: The online Mymonero wallet just allows to enter in the "receiving address" field some kind of email address or user name instead of a hexadecimal number.

How can I send my moneros to a monero address when I only have the deposit address in the form of hexadecimals?

Many thanks I hope you answer shortly.

[jwinterm]

Dear Monero Community,

I have a quick question: I want to send monero form mymonero website wallet.
I have received as deposit address a hexadecimal string. But the problem is: The online Mymonero wallet just allows to enter in the "receiving address" field some kind of email address or user name instead of a hexadecimal number.

How can I send my moneros to a monero address when I only have the deposit address in the form of hexadecimals?

Many thanks I hope you answer shortly.

Hexadecimal sounds like a payment id. Addresses have additional characters. If you're sending coins to an exchange you need to send them to an address, but also include the payment id in the TX.

[lalala123456]

Just invested 2000$ in Monero, IT HAS POTENTIAL TO GO TO THE MOON!

[owlcatz]

Just invested 2000$ in Monero, IT HAS POTENTIAL TO GO TO THE MOON!

Indeed. But, had you invested that 2k last week, you would have saved roughly 40 cents usd per coin! ... IOTW, this coin is not for people who think it will just always rise... This coin moves ... A LOT... Just strap in for the ride. I too dumped 1k into it again last night @ 1USD per coin!

[phishead]

Just invested 2000$ in Monero, IT HAS POTENTIAL TO GO TO THE MOON!

Indeed. But, had you invested that 2k last week, you would have saved roughly 40 cents usd per coin! ... IOTW, this coin is not for people who think it will just always rise... This coin moves ... A LOT... Just strap in for the ride. I too dumped 1k into it again last night @ 1USD per coin!

God, sometimes investors on here make me cringe... That's a lot of money all at one time, and you should be concerned about the risks. 

What I tend to do is to continuously invest small amounts as time goes on to asses the risks/reward scenario as time goes on... but I guess different people have their "way" of investing... I just couldn't imagine dropping that much money off the rip though.

[owlcatz]

God, sometimes investors on here make me cringe... That's a lot of money all at one time, and you should be concerned about the risks.  

What I tend to do is to continuously invest small amounts as time goes on to asses the risks/reward scenario as time goes on... but I guess different people have their "way" of investing... I just couldn't imagine dropping that much money off the rip though.

Yes, you are correct. Speaking as someone who once held over 8K XMR, I can see & realize your skepticism!!  

You really have to know the coin and what is going on for development to make intelligent investments.

Like, right now, XMR is sort of rallying because of news in the media... it will die down and drop back to ~.84 USD again maybe when no new interest comes about for a few weeks like usual - but who knows. maybe not. Smoothie has certainly ignited interest, and let's face it, it's a lot  harder to buy XMR than to sell it on Poloniex the past few days.

The fact that the official GUI wallet is not even done yet, provides more future incentive in being long on this coin. I didn't buy 1K USD worth for nothing. I don't plan to dump it, in fact, I may win an auction of smoothies so I will need them to buy and fund the coin set, or I will just hodl and dump much later at a higher profit. This coin has already hit 1.80 USD at a few points I believe, but I may be wrong.  

[saddambitcoin]

Just invested 2000$ in Monero, IT HAS POTENTIAL TO GO TO THE MOON!

Indeed. But, had you invested that 2k last week, you would have saved roughly 40 cents usd per coin! ... IOTW, this coin is not for people who think it will just always rise... This coin moves ... A LOT... Just strap in for the ride. I too dumped 1k into it again last night @ 1USD per coin!

It is hard to do but I think the best way of accumulating Monero is to have a disciplined approach of buying X amount every week or month, whatever is best for you. This way it is possible to have buys at the lowest of the low morale times if you stick to your plan while everyone is waiting for lower prices.

[Hueristic]

Buddy just emailed this figured i'd share Lol

https://www.youtube.com/watch?v=m8273HGqxEc

[Globb0]

Just invested 2000$ in Monero, IT HAS POTENTIAL TO GO TO THE MOON!

Indeed. But, had you invested that 2k last week, you would have saved roughly 40 cents usd per coin! ... IOTW, this coin is not for people who think it will just always rise... This coin moves ... A LOT... Just strap in for the ride. I too dumped 1k into it again last night @ 1USD per coin!

Should I be flipping them then? just sitting on my stash from about the first few weeks. I am underwater I guess because people would probably sell where I brought  *doh   lol

[TheKoziTwo]

I will pay 1 BTC or equivalent in Monero to whoever provides a script for installing bitsquare on raspberry pi.

More info here:
https://forum.bitsquare.io/t/1-btc-bounty-for-bitsquare-on-raspberry-pi/209

[XMRpromotions]

I will pay 1 BTC or equivalent in Monero to whoever provides a script for installing bitsquare on raspberry pi.

More info here:
https://forum.bitsquare.io/t/1-btc-bounty-for-bitsquare-on-raspberry-pi/209

I am told the bounty has now doubled:
https://twitter.com/meapistol/status/741414370429788160

[jwinterm]

I will pay 1 BTC or equivalent in Monero to whoever provides a script for installing bitsquare on raspberry pi.

More info here:
https://forum.bitsquare.io/t/1-btc-bounty-for-bitsquare-on-raspberry-pi/209

I am told the bounty has now doubled:
https://twitter.com/meapistol/status/741414370429788160

Now I'm feeling kind of like I should have bought a raspberry pi at some point 

[WaffleMaster]

I will pay 1 BTC or equivalent in Monero to whoever provides a script for installing bitsquare on raspberry pi.

More info here:
https://forum.bitsquare.io/t/1-btc-bounty-for-bitsquare-on-raspberry-pi/209

I am told the bounty has now doubled:
https://twitter.com/meapistol/status/741414370429788160

Now I'm feeling kind of like I should have bought a raspberry pi at some point 

Booting up my raspberry pi and trying to claim that 2 Bitcoin bounty That's awesome somebody is offering that high of a bounty. Must be valuable to them well good luck in the race looks like I have a head start mwuahaha

[target]

So when exactly does monero's ICO start? If the team will.

[jwinterm]

Cheesus so much ICO sig spam drivel lately. I should start an ICO to make a sig spam blocking token that requires participation in the ICO sig campaign in order to receive sig spam blocking tokens...or something