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

[iCEBREAKER]

A USD/XMR pair is great but how can we trust this exchange that got hacked because of retardedly stupid security setup.

So what have they done to improve on their security? How can we trust them when they lied about the hot/cold ratio in the first place? Are they still using that rubber stamp company for the third key that can be used to bypass legitimate users keys?

You don't have to keep coins on Finex.  The advantage to Monero is that now people may buy XMR directly with fiat (and then withdraw them ASAP).

As for your other questions, https://bitcointalk.org/index.php?topic=229438.0

Yeah so there is no way I'm reading that whole thread. they lost 119,756 BTC which was far greater than what should have been in their hot wallet, they lied about their fund dispersal.

So my question once again is why should we trust them now???

FYI stated not to leave funds on an exchange is nothing but a red herring. Why you think you would have to tell me that is laughable.

LOL I dunno.  Why do "we" trust Polo?  Maybe because after suffering a hack, Polo paid everyone back and seemed to learn their lesson?

Why do "we" trust Coinbase, after they lost everyone's ETC (and pushed silly ideas like XT and Classic)?

Maybe "we" don't trust exchanges (or any 3rd parties) but make risk/reward calculations and take measures to minimize exposure?

You don't need to read "that whole thread."  All you have to do is post your questions about Finex-specific questions/concerns there, where they are more likely to be answered than on this non-Finex topic thead.

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[Hueristic]

A USD/XMR pair is great but how can we trust this exchange that got hacked because of retardedly stupid security setup.

So what have they done to improve on their security? How can we trust them when they lied about the hot/cold ratio in the first place? Are they still using that rubber stamp company for the third key that can be used to bypass legitimate users keys?

You don't have to keep coins on Finex.  The advantage to Monero is that now people may buy XMR directly with fiat (and then withdraw them ASAP).

As for your other questions, https://bitcointalk.org/index.php?topic=229438.0

Yeah so there is no way I'm reading that whole thread. they lost 119,756 BTC which was far greater than what should have been in their hot wallet, they lied about their fund dispersal.

So my question once again is why should we trust them now???

FYI stated not to leave funds on an exchange is nothing but a red herring. Why you think you would have to tell me that is laughable.

LOL I dunno.  Why do "we" trust Polo?  Maybe because after suffering a hack, Polo paid everyone back and seemed to learn their lesson?

Why do "we" trust Coinbase, after they lost everyone's ETC (and pushed silly ideas like XT and Classic)?

Maybe "we" don't trust exchanges (or any 3rd parties) but make risk/reward calculations and take measures to minimize exposure?

You don't need to read "that whole thread."  All you have to do is post your questions about Finex-specific questions/concerns there, where they are more likely to be answered than on this non-Finex topic thead.

Polo never lied though and that is a massive difference. As was the amount, the two cannot be compared.
Polo only lost 12% IE 97btc and repaid that amount in 3 just months.

This was a nice blurb as well. http://www.coindesk.com/poloniex-claims-customers-repaid-following-march-bitcoin-hack/

"If any coin should be singled out for helping to provide the boost in volume that enabled us to pay back customers quickly, it is Monero (XMR). Being a supporter of innovative cryptocurrencies, we were the first major exchange to list CryptoNotes, and Monero is still traded primarily on Poloniex."

BTW why no XMR here?
https://www.bfxdata.com/#

[Andretti83]

It's nice to finally look at things like this. Not only in btc, but in usd also.

[grzem]

Since yesterday, there is Monero on
https://cryptox.pl
Cryptox is quite new Polish exchange, you will be surprised liquidity it offers. Of course, liquidity for rather smaller needs, but transfers are also cheap. Worth to consider for little diversification.

[malcovixeffect]

Since yesterday, there is Monero on
https://cryptox.pl
Cryptox is quite new Polish exchange, you will be surprised liquidity it offers. Of course, liquidity for rather smaller needs, but transfers are also cheap. Worth to consider for little diversification.

Why would i use a new website if there are reliable and bigger exchanges to trade XMR at..

[grzem]

Why would i use a new website if there are reliable and bigger exchanges to trade XMR at..

I do not like to send the selfie on request.
I like if transfer is made in half a second.
I do no not like high fees.
I like if can exchange and forget about login credentials.
I remember many big and reliable exchanges fail, especially the biggest.

[canth]

Bitfinex to add Monero (XMR/USD & XMR/BTC)

https://twitter.com/bitfinex/status/804031556729896960

https://www.bitfinex.com/posts/173

I should have responded here and not the speculation thread so I'll drop this here and add to it.

A USD/XMR pair is great but how can we trust this exchange that got hacked because of retardedly stupid security setup.

So what have they done to improve on their security? How can we trust them when they lied about the hot/cold ratio in the first place? Are they still using that rubber stamp company for the third key that can be used to bypass legitimate users keys?

a) Don't trust any exchanges. They aren't wallet services, so if you aren't trading then don't keep your funds there.
b) I'm actually more confident that Bitfinex won't allow a repeat problem due to the fact that the hack looms in the rearview mirror. I cannot and will not vouch for them other than to say that I believe they'll stick with cold storage from here on out.

Again, don't trust exchanges with storing the majority of your funds. However, if you are a trader it makes sense to split funds between Polo and Bitfinex since it does reduce the chance of a total loss by a single exchange.

[CryptoRambler]

Bitfinex to add Monero (XMR/USD & XMR/BTC)

https://twitter.com/bitfinex/status/804031556729896960

https://www.bitfinex.com/posts/173

I should have responded here and not the speculation thread so I'll drop this here and add to it.

A USD/XMR pair is great but how can we trust this exchange that got hacked because of retardedly stupid security setup.

So what have they done to improve on their security? How can we trust them when they lied about the hot/cold ratio in the first place? Are they still using that rubber stamp company for the third key that can be used to bypass legitimate users keys?

We cannot trust BotFinex, it's that simple. They are Hong Kong based, unauditable b/c of lack of regulations, and they force their users to socialize losses due to lack of security infrastructure and consensus mechanism.

Having your coins at BotFinex is like having them on the counter in the bank. Why the XMR hype about this obvious money pit?

[rapazev]

We cannot trust BotFinex,

we cannot trust exchanges. yet, be added by one more exchange is always a good thing.
I really hate bfx but they still have a good volume so why would that be a bad thing? just dont keep your coins there(same as if you bought at poloniex, dont keep it there).

to an exchange be hacked is a matter of "when".

[mikethedikevanegan]

Whats supposed to happen Jan 5?

[nioc]

Whats supposed to happen Jan 5?

The next scheduled hardfork when RingCT is enabled which will strengthen the privacy of Monero.  The amount sent will not be able to be determined

[Febo]

Whats supposed to happen Jan 5?

The next scheduled hardfork when RingCT is enabled which will strengthen the privacy of Monero.  The amount sent will not be able to be determined

lol I had no ideas it will be on my bd.  5th January is usually a really dull cold day when no one wants to party anymore after December and a New year so I would definitely vote against choosing that day if had chance.

[Motivator]

.

[Globb0]

and monero uploads itself to skynet

[fedoros]

Good day time, dear miners, developers and others. I am a newbie Monero using, was able to install and sync wallet at my PC. What version and which miner do you guys use for mining Monero ? Wolf's miner has broken links in the discussion. I wonder what is the best choice for CPU mining ? Is it Linux or Windows OS, and what is the fastest one ?

[NeuroticFish]

Hello and welcome!
It all depends on the CPU you actually have. If yours is new enough and has AES_NI capabilities, Joblo's miner may be a good choice (and you can actually discuss with the developer in case of troubles) : https://bitcointalk.org/index.php?topic=1326803.0

I have an old CPU and when I mine XMR I use an older miner (Tsiv's). It all depends on your CPU.

Also the pools use to link a few miners, you can try those out too. You will need to do a couple of tests by yourself to see what goes better for your configuration.

I don't know if linux or windows is better though... whatever x64 should do, linux is considered to be safer.

[GingerAle]

Good day time, dear miners, developers and others. I am a newbie Monero using, was able to install and sync wallet at my PC. What version and which miner do you guys use for mining Monero ? Wolf's miner has broken links in the discussion. I wonder what is the best choice for CPU mining ? Is it Linux or Windows OS, and what is the fastest one ?

Thanks for mining! You can mine in the daemon - simply open your monero-wallet-cli and type start_mining.

Linux is usually the best for Monero all around, as everything is developed in linux.

If you have AES-NI, wolf's miner is usually the best. THere's another one called YAM, but you need to have a better sense of what your CPU architecture is. Easy enough to figure out, but still.

[Gash]

Have jaxx clowns released their wallet finally?

[Gash]

@Monero team / community

Please consider checking out my new project which can potentially help spread new discussion for Monero! Today it was launched into Beta. You can claim your invite codes here:
https://bitcointalk.org/index.php?topic=1699338.0

When I purchase advertisements from a range of crypto websites, this will bring in new traffic to my forum from different sources rather than just bitcointalk.
Monero are eligible to claim a featured category on my forum if they wish. (More info can be found on the thread/forum).

My budget for this project is 30-btc. Thanks for reading.

Plenty of recognized forums out there, no need. What would help the adoption is the DNM utilizing multisig as a part of escrow service. One last-ditch effort to build the one ended with preliminary closure of marketplace and reddit thread saying poor holders cant afford to transact via new "trustless" dark market platform. Darn marketplace with no customers.

[CryptoRambler]

@Monero team / community

Please consider checking out my new project which can potentially help spread new discussion for Monero! Today it was launched into Beta. You can claim your invite codes here:
https://bitcointalk.org/index.php?topic=1699338.0

When I purchase advertisements from a range of crypto websites, this will bring in new traffic to my forum from different sources rather than just bitcointalk.
Monero are eligible to claim a featured category on my forum if they wish. (More info can be found on the thread/forum).

My budget for this project is 30-btc. Thanks for reading.

Plenty of recognized forums out there, no need. What would help the adoption is the DNM utilizing multisig as a part of escrow service. One last-ditch effort to build the one ended with preliminary closure of marketplace and reddit thread saying poor holders cant afford to transact via new "trustless" dark market platform. Darn marketplace with no customers.

Check out Bitbay for multisig implement in marketplace soon