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

[dEBRUYNE]

I just downloaded the monero desktop wallet.  can i deposit to the address given to me while the blockchain is still syncing, or do i need to wait for the syncing to complete? thanks

Yes, but you won't see the funds until you're fully synced.

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[dEBRUYNE]

Is this normal? Help a newbie here.

I created a monero wallet 2 months ago to start mining.

Now that I am almost being paid, I checked wallet adress, and it isn't what entered on pool miner configurations.

After some googling, I went to https://xmr.llcoins.net/addresstests.html both are valid monero adresses, but suposedly "Netbyte + 10" should be the same and it isn't.

What am I missing?

Thanks.

Which wallet did you use to generate an address?

AFAIK, the only wallet I created 2 months ago...


EDIT: no wait, I did create another wallet on my laptop. I really don't know why. I just restored the original wallet from backup.

People, do backup your wallets. I was already sweating trying to understand this.

Good to hear you managed to resolve your issue.

[Hueristic]

Lead Kovri Dev for Monero gives overview of cryptographic tech behind Kovri


https://www.youtube.com/watch?v=b0k5lTMFXBA&feature=youtu.be&t=46m41s

So he mentions using Diffie–Hellman key exchange, I thought that that was weak and easily attacked by large actors as well as MITM and easily backdoored as well. I really liked Anonimals competency of the principals involved though. It would ge interesting to have lunch with him to just gat a grip on what he's doing. I have not followed korvie at all.

[owlcatz]

Shameless plug - anyone into physical coin collecting  may be interested in this auction for a 2017 cryptonic .999 silver coin:

https://bitcointalk.org/index.php?topic=2575607.msg26232225#msg26232225

[Nadika]

guys
any price prediction before end of the year?

[TheFuzzStone]

guys
any price prediction before end of the year?

Speculation thread is here

[explorer]

I found this very helpful, and well presented.

https://getmonero.org/2017/12/11/A-note-on-fees.html

[nikita3004]

i can not start the monero-wallet-gui.exe. Windows says "It doesnt working anymore, solution finding" So it ist my first touch with Monero Wallet i can not install. What could i do to solve this problem?

[mobilazy]

Trying to download linux and macos wallets 2 days in a row! Speed is 7-30 kB/s, and it is not my ISP! All other downloads is just fine. It is like an analogy you have premium and free downloads and free one just soooo slow.

[wgq1981]

Looking at Dash recently, this year has been a good growth. Now everything looks good, I don't know when it will last.

[revelacaogr]

The Ultimate Intro to Monero [Part 1] - What is Monero?

https://www.youtube.com/watch?v=UzicC0dybA4

[dEBRUYNE]

Trying to download linux and macos wallets 2 days in a row! Speed is 7-30 kB/s, and it is not my ISP! All other downloads is just fine. It is like an analogy you have premium and free downloads and free one just soooo slow.

Use the Github links:

https://github.com/monero-project/monero/releases/tag/v0.11.1.0

https://github.com/monero-project/monero-gui/releases/tag/v0.11.1.0

[dEBRUYNE]

i can not start the monero-wallet-gui.exe. Windows says "It doesnt working anymore, solution finding" So it ist my first touch with Monero Wallet i can not install. What could i do to solve this problem?

Try this:

If the GUI doesn't start on Windows, or starts with a blank screen, then try launch it using the start-low-graphics-mode.bat batch file.

[dEBRUYNE]

I found this very helpful, and well presented.

https://getmonero.org/2017/12/11/A-note-on-fees.html

Thanks

[dzkrb1966]

I wanted to buy this coin, while it fell in price, but there is no certainty that this coin will be in demand in the future. But, one can not ignore the successful growth of litecoin. What is the next coin?

[garytheasshole]

I wanted to buy this coin, while it fell in price, but there is no certainty that this coin will be in demand in the future. But, one can not ignore the successful growth of litecoin. What is the next coin?

Not sure what kind of drugs you have been smoking (I want some of that), but if you think that fungible coins won't be in demand in the future I'm afraid you're suffering from supreme stupid. Comparing litecoin to Monero is like comparing winnie the pooh with hardcore pornography.

[Millionero]

Comparing litecoin to Monero is like comparing winnie the pooh with hardcore pornography.

Don't tell me you never fapped to Winnie.

[alko89]

I bought myself 2 moneros Love the project.

I'm just posting here, to get new replies to my post, so I'll be able to track the discusion.

Good luck with the project and rock on!

[TomiJerry]

At least one Starbucks location was discovered to be using the computing power of customer’s machines connected to its Wi-Fi network to mine for the cryptocurrency Monero without their knowledge.

The hidden miner was found in a Starbucks coffee shop located in Buenos Aires, Argentina. The wireless network provided by the company was injecting the mining code onto customer computers in order to generate digital currency.

Noah Dinkin, the CEO of email marketing firm Stensul, first brought the mining behavior to public attention on Twitter on Dec. 2 after visiting the Starbucks shop and examining the source code produced while connected to the Wi-Fi network.

Dinkin tweeted at Starbucks after identifying the mining code. “Did you know that your in-store wifi provider in Buenos Aires forces a 10 second delay when you first connect to the wifi so it can mine bitcoin using a customer's laptop?” Dinkin wrote. “Feels a little off-brand.”



While Dinkin said the injected code, placed by the company providing the Starbucks location with its public internet connection, was mining for Bitcoin. However the code was provided by CoinHive, a cryptocurrency miner that only mines for Monero.

Regardless of what the code was mining for, it was doing so without the permission of the customer. When a person would connect to the Starbucks network, the code would be injected into the user’s browser and would siphon resources from the computer’s processor to mine for the digital tokens.

Starbucks acknowledged Dinkin’s tweet on Dec.11 and confirmed the incident had indeed happened. According to the company, the issue has been addressed and the Wi-Fi network in Buenos Aires will no longer hijack customer computers to generate the virtual currency.

“As soon as we were alerted of the situation in this specific store last week, we took swift action to ensure our internet provider resolved the issue and made the changes needed in order to ensure our customers could use Wi-Fi in our store safely,” the official Starbucks account  wrote in response to the incident.



The issue is not believed to be widespread across Starbucks locations and appears to be an isolated incident. The miner also does not appear to have been injected by the order of Starbucks itself.

While the incident with Starbucks may be a one-off for the time being, hidden cryptocurrency miners are becoming more and more common. A number of sites and services have been discovered to have mining code embedded that makes use of visitor resources without informing them.

The process is known as cryptojacking and while it is relatively harmless for the victims—at its worst, it makes the user’s machine run slower as it eats at resources—it is still a dishonest practice that takes advantage of users who have no knowledge of how their machine is being used.

[revelacaogr]

Monero Planning To Release BulletProofs In March 2018

https://blockchaind.net/monero-planning-release-bulletproofs-march-2018/


What are BulletProofs?
Adam back first proposed confidential transactions in 2013 as a way of bringing private transactions to the bitcoin network but the transactions were consuming 16 times the space of the normal transactions. Due to the bulky size of the transactions, the proposal was dismissed.

A new paper was proposed recently by Benedikt Bunz, Jonathan Bootle and Andrew Poelstra which reduced the size of the transactions to 3 times instead of 16 times which makes the proposal much more attractive now. Still bitcoin has a lot of scaling issues that needs to addressed first and it is still far away from being implemented on bitcoin.

This is where Monero is taking advantage of this opportunity and has already implemented bulletproofs on its testnet.

Benefits of BulletProofs for Monero
Monero currently uses rangeproofs to ensure that all commitments made in the transactions is within a specific range without revealing the particular amount involved. But rangeproofs scale linearly in size and make the bulk of the transactions. Also if there are multiple outputs in the transaction, they need separate range proofs which increases the size further more.Using bulletproofs, the size of the transactions only increases logarithmically with increase in the size of the range and the number of outputs.

Currently if someone sends a transactions with single input and two outputs, the size of the transactions is around 13.2kb. Using bulletproofs, this size is reduced to just 2.5kb which is around 80% improvement. The size improvement is further more in multiple output transactions. Also, the testing found out that validating bulletproof transactions is much more speedier than rangeproof transactions.

BulletProof Release Timeline
According the Fluffypony’s recent talk with Jimmy song, the code for bulletproofs has already been merged into the master branch and anyone can compile and run it on testnet. They are planning on releasing the testnet in a week and if everything goes right, we will have bulletproofs in the upcoming monero hard fork in march next year.

Conclusion
Bulletproofs is an amazing development for both monero and bitcoin community and it will help both the chains in the long run. Let us know how you feel about this amazing upgrade for the monero community.