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

[Drhiggins]

So I saw this today for the first time.  The message came from the daemon.  Any ideas what it means?

2016-Aug-07 09:03:36.615102 [P2P6]WARNING: no two valid MoneroPulse DNS checkpoi
nt records were received

[1715527480]

1715527480

[1715527480]

1715527480

[1715527480]

1715527480

[mmortal03]

So I saw this today for the first time.  The message came from the daemon.  Any ideas what it means?

2016-Aug-07 09:03:36.615102 [P2P6]WARNING: no two valid MoneroPulse DNS checkpoi
nt records were received

https://www.reddit.com/r/Monero/comments/419qdd/p2p4warning_no_two_valid_moneropulse_dns/

[sammy007]

Hi there.

If someone wanna try easy solo monero mining feel free to give a try to my pet project https://steemit.com/cryptocurrency/@sammy007/solo-mining-monero-for-fun-and-for-the-greater-good

[smoothie]

http://www.zerohedge.com/news/2016-08-07/first-bitcoin-bail-all-bitfinex-users-lose-36-shared-loss-after-historic-hack

demonstrated once again the biggest risk with digital currencies: despite claims to the contrary, outside hacks remain a key threat and risk to anyone holding

WHAT FUD on all CC this statement is!

Even over 5 years later after MTGOX original hack, people still dont understand that holding bitcoin and storing it on a centralized exchange are not the same.

[mmortal03]

I posted this over in Monero Support, but after further testing, I figure it'd be appropriate to post here.

Was simplewallet --restore-deterministic-wallet, or something related to the following problem, broken in the master as of at least a month ago? I happened to build from the master back on July 10th and I just tried using it to restore a paper wallet, and it detected no inputs or outputs and gave me a balance of zero. I refreshed, but it still showed a zero balance. I did a rescan_bc, and I noticed it scanned absurdly quickly compared to what I'm used to, but still displayed a zero balance. So, I went back to simplewallet from 0.9.4.0, and after letting it scan from scratch, the correct inputs and outputs were detected, and the correct balance was shown.

I've just compiled from the latest master, and the problem persists. The scanning from scratch simply doesn't seem to detect any inputs or outputs, whereas 0.9.4.0 works as expected.

[antanst]

I posted this over in Monero Support, but after further testing, I figure it'd be appropriate to post here.

Was simplewallet --restore-deterministic-wallet, or something related to the following problem, broken in the master as of at least a month ago? I happened to build from the master back on July 10th and I just tried using it to restore a paper wallet, and it detected no inputs or outputs and gave me a balance of zero. I refreshed, but it still showed a zero balance. I did a rescan_bc, and I noticed it scanned absurdly quickly compared to what I'm used to, but still displayed a zero balance. So, I went back to simplewallet from 0.9.4.0, and after letting it scan from scratch, the correct inputs and outputs were detected, and the correct balance was shown.

I've just compiled from the latest master, and the problem persists. The scanning from scratch simply doesn't seem to detect any inputs or outputs, whereas 0.9.4.0 works as expected.

Are you using the same versions of bitmonerod and simplewallet? There are some incompabitilities between -master versions of simplewallet and bitmonerod v0.9.4, for example.

[MoneroMooo]

Was simplewallet --restore-deterministic-wallet, or something related to the following problem, broken in the master as of at least a month ago? I happened to build from the master back on July 10th and I just tried using it to restore a paper wallet, and it detected no inputs or outputs and gave me a balance of zero. I refreshed, but it still showed a zero balance. I did a rescan_bc, and I noticed it scanned absurdly quickly compared to what I'm used to, but still displayed a zero balance. So, I went back to simplewallet from 0.9.4.0, and after letting it scan from scratch, the correct inputs and outputs were detected, and the correct balance was shown.

I've just compiled from the latest master, and the problem persists. The scanning from scratch simply doesn't seem to detect any inputs or outputs, whereas 0.9.4.0 works as expected.

simplewallet now skips refresh till the block the wallet was created, so there must be a bug that makes it think it doesn't need to refresh those early blocks. File a bug on https://github.com/monero-project/bitmonero with the exact command line you use (placeholders are ok for addresses etc) and we'll fix soon.

[dEBRUYNE]

In case anyone hadn't seen it yet, an update from moneromooo:

The last milestone's reached!

• A lot of ringCT integration - almost ready now
• a version check between daemon and simplewallet (to avoid compatibility issues)
• some RPC fixes (integrated address transfers missing payment id, set/get ban having a missing _ in name)
• port of my old cold storage patch to ringCT (partway through)
• better output selection (to avoid using related inputs if possible)
• new commands to export/import signed key images (for optional auditability)
• plus the never ending random fixes

Thanks

Source: https://forum.getmonero.org/9/work-in-progress/2410/a-continuation-for-all-purpose-programming-of-what-needs-to-get-done-in-monero?page=&noscroll=1#post-5141

I suppose it will be time for a new FFS thread for him soon™.

P.S. The Ring CT branch can be followed here:

https://github.com/moneromooo-monero/bitmonero/tree/rct-private-fork

P.P.S. "Old cold storage patch" is the offline signing code as far as I know, which was previously listed here:

https://github.com/moneromooo-monero/bitmonero/commit/3c44e9fb6c1b57852d37780414ed6e42afc19afb

[TheKoziTwo]

I suppose it will be time for a new FFS thread for him soon™.

I think we should do it now. Let's fund the completion of RingCT, beta test and release.

[dEBRUYNE]

I suppose it will be time for a new FFS thread for him soon™.

I think we should do it now. Let's fund the completion of RingCT, beta test and release.

I'd support it, but I guess it also depends on how MoneroMooo wants to continue.


MAAM #26 Monero Ask Anything Monday

https://www.reddit.com/r/Monero/comments/4wppcc/maam_26_monero_ask_anything_monday/

[mmortal03]

Are you using the same versions of bitmonerod and simplewallet? There are some incompabitilities between -master versions of simplewallet and bitmonerod v0.9.4, for example.

Yep, I was, but this is still good to know.

simplewallet now skips refresh till the block the wallet was created, so there must be a bug that makes it think it doesn't need to refresh those early blocks. File a bug on https://github.com/monero-project/bitmonero with the exact command line you use (placeholders are ok for addresses etc) and we'll fix soon.

Will do.

[Bassica]

I suppose it will be time for a new FFS thread for him soon™.

I think we should do it now. Let's fund the completion of RingCT, beta test and release.

Very happy to make another donation.

[aerbax]

Looks like the Monero StackExchange "site" may open to the public tomorrow!

(This will probably only work for those of you in the private beta)
Link: http://meta.monero.stackexchange.com/questions/42/where-can-we-check-how-long-until-monero-is-in-private-beta/44#44

If you're NOT in the beta, I've got a screenshot available:
https://hellomonero.com/article/could-monero-stackexchange-site-open-public-tomorrow

Congrats to all who participated!

[dEBRUYNE]

The Monero StackExchange is now in Public Beta!

https://monero.stackexchange.com/

[mmortal03]

simplewallet now skips refresh till the block the wallet was created, so there must be a bug that makes it think it doesn't need to refresh those early blocks. File a bug on https://github.com/monero-project/bitmonero with the exact command line you use (placeholders are ok for addresses etc) and we'll fix soon.

Will do.

Done: https://github.com/monero-project/bitmonero/issues/950

[TechorMarketing]

Share this press release with any media contacts you may have

Blockchain, Aug. 9, 2016 /PRNewswire/ Monero joins Bitcoin and Ethereum as the 3rd blockchain based currency or consensus network on Stack Exchange. Stack Exchange is the largest network of websites for software developers and users to find, ask, and answer their technical questions. Stack Overflow alone serves tens of millions professional and novice programmers each month. The entire Stack Exchange Network has expanded to cover 150+ topics including Cryptography, Economics, Open Source and Project Management.

Monero is a crypto currency that is not based on the Bitcoin codebase and seeks to be the leader in privacy, security, and scalability. All Monero transactions are cryptographically untraceable and unlinkable, and there is no separate "clear" token. This enables end users to trust Monero as a private store of value and as a medium of exchange that is impervious to blockchain analysis or miner censorship.

Developers building privacy-aware or privacy-centric applications will benefit from Monero's private-by-default approach and will appreciate the small and simple metadata storage area (tx_extra) available in every transaction. Additionally, they will benefit from the standard and uncomplicated cryptography based on Daniel J. Bernstein's Curve25519 EC curve as well as EdDSA signatures.

Those building pegged off-chain or sidechain systems needn't worry about on-chain limitations, as Monero's dynamic block size algorithm grows and shrinks the block size limit based on the on-chain demand. Peg as much back to the Monero blockchain as you need!

Monero Stack Exchange is a community-run question and answer site for developers and users of the secure, private and untraceable cryptocurrency Monero. Experts available to answer questions will include PhD mathematicians from Monero Research Lab and many of the developers who have directly contributed to the Monero source-code repository.

Learn more by joining the open beta of Monero Stack Exchange.

[luigi1111]

Ok thanks.
And why isn't this the same issue for other coins ?

I think Polo is just lazy WRT XMR; they don't sweep their wallet's dust and allow large withdrawals, and at the same time use a pretty hefty fee (higher than the average network fee for sure).

XMR itself has higher than average fees. This is mostly due to (1). disincentivizing spam/paying for block space, (2). anonymity not being free, and (3). Monero's price in fiat being at the upper end of its recent range. If its price continues higher, fees will be adjusted downward (measured in XMR).

[smooth]

Ok thanks.
And why isn't this the same issue for other coins ?

I think Polo is just lazy WRT XMR; they don't sweep their wallet's dust and allow large withdrawals, and at the same time use a pretty hefty fee (higher than the average network fee for sure).

Sweeping wouldn't reduce the actual costs though. As long as people make many small deposits and Poloniex doesn't impose any kind of fees on the deposit side (which aren't a standard in the industry so might be a tough sell) then those costs are going to be shifted to Poloniex or its trading and withdrawing customers. Guess which one Poloniex chooses?

Paying higher than average network fees are another matter though. I have no idea why they do that.

[birr]

High fee per withdrawal and a withdrawal cap of 1000 xmr really discourages heavy trading.  You can't move coins on and off the exchange.

[smooth]

High fee and a withdrawal cap of 1000 xmr really discourages heavy trading.

It discourages withdrawals more directly, and encourages keeping balances on the site. That's actually a bit of a red flag. When Cryptsy was hiding its insolvency it introduced higher withdrawal fees.