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

[Globb0]

Bulletproofs sound awesome.

I'm glad we aren't having to wait a year before we can get something implemented.

The transaction reduction will be a good selling point.

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[xs.over]

Fckng shit. Diff is skyrocketing again. Fckng 50M. From where are comes these hashing power 

[Millionero]

snip

If you're going to copy-paste a news story, at least provide a link.
And make clear what you're quoting.  Common practice is to format the quoted matter in italic text.

[Aby Normal]

Check out this fresh video from Andreas Antonopoulos, looks like Monero is going to do really well in 2018

https://youtu.be/cO2UOhGEC_A?t=1070

[digitalbarter]

Monero IS A FAIL currency
which focuses on anonymity which a common person doesn't actually needs such anonymity there is nothing special all the coins offers anonymity this is just a nothing but a scam which monero users are making a hype towards it... This coin is just meant for criminals who wishes this sort of anonymity what you gonna do with such anonymity wack your butt in hell?

[garytheasshole]

Monero IS A FAIL currency
which focuses on anonymity which a common person doesn't actually needs such anonymity there is nothing special all the coins offers anonymity this is just a nothing but a scam which monero users are making a hype towards it... This coin is just meant for criminals who wishes this sort of anonymity what you gonna do with such anonymity wack your butt in hell?

Real constructive criticism right here you guys, dump your moneros buy something transparent, transparency is the future!
What should I buy instead digitalbarter? What fine technology are you shilling today?

[Isaaq.Almaguer]

Monero IS A FAIL currency
which focuses on anonymity which a common person doesn't actually needs such anonymity there is nothing special all the coins offers anonymity this is just a nothing but a scam which monero users are making a hype towards it... This coin is just meant for criminals who wishes this sort of anonymity what you gonna do with such anonymity wack your butt in hell?

lol, do you know what the word scam means?

[wizzard0]

not sure this is the best place to ask, but... how long does monero full node currently take to sync? (given a SSD)

[garytheasshole]

not sure this is the best place to ask, but... how long does monero full node currently take to sync? (given a SSD)

About a day, maybe less if you have a beefy CPU and decent bandwidth

[ignitiondefect]

I'm interested in Monero and love the concept but someone I respect objects to it for the following reasons:

- it uses eliptic curve cryptography, which is known to be a method of choice when the NSA wants you to use something they can break and others can't

- ECC can trivially be broken by a quantum computer

- It uses many constants in the crypto that aren't "nothing up my sleeve numbers”. This is one of the main ways to make crypto breakable by only the organization who chose the constants.

- the constants were created by an author that only goes by a pseudonym

- NSA has recently started trying to move federal systems away from ECC, ie they are likely aware of a weakness in it that may soon be exploitable by others

Can anyone please address these concerns? Thanks in advance.

[garytheasshole]

I'm interested in Monero and love the concept but someone I respect objects to it for the following reasons:

- it uses eliptic curve cryptography, which is known to be a method of choice when the NSA wants you to use something they can break and others can't

- ECC can trivially be broken by a quantum computer

- It uses many constants in the crypto that aren't "nothing up my sleeve numbers”. This is one of the main ways to make crypto breakable by only the organization who chose the constants.

- the constants were created by an author that only goes by a pseudonym

- NSA has recently started trying to move federal systems away from ECC, ie they are likely aware of a weakness in it that may soon be exploitable by others

Can anyone please address these concerns? Thanks in advance.

I'm no expert but as far as I know elliptic curve cryptography is used in pretty much most pub/priv key implementations for far more important stuff than Monero. If it's broken we'd be in a whole lot of trouble and Monero would be least of our concern.
If you can figure out an attack vector you're free to collect a hefty bounty. To my knowledge quantum computers do not exist and the fundamentals of quantum computing are still unknown.

[ignitiondefect]

Why does Dash have a higher market cap than Monero? It seems like an inferior solution that's much less elegant. Masternodes seem vulnerable and you have to take action to send Dash anonymously. Also, isn't Monero more widely used in commerce?

[garytheasshole]

Why does Dash have a higher market cap than Monero? It seems like an inferior solution that's much less elegant. Masternodes seem vulnerable and you have to take action to send Dash anonymously. Also, isn't Monero more widely used in commerce?

You pretty much answered your own question, masternodes freeze large portion of the coins which increases scarcity.

[Tropwal]

Just bought some monero,i hope im not too late to make some money.

[Millionero]

Just bought some monero,i hope im not too late to make some money.

What's your horizon?

[explorer]

I found this very helpful, and well presented.

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

Thanks

You sir are a dedicated individual.  Yes, one of many, I know, but visible everywhere.  Your tireless efforts on many fronts over the years are greatly appreciated.  Cheers!

[BreadandButter]

I just started mining monero few days back...lets see how much profit I will be in 

[vertigo]

I just started mining monero few days back...lets see how much profit I will be in 

Hi BreadandButter, which hardware are you using?

[AdamT]

I'd like to dip/anonymize my BTC holdings into Monero and then right back again to fresh BTC addresses into long-term cold storage no one can track from previous BTC addresses on the blockchain. I don't have a lot of experience with Monero and am wondering the best practices in doing this.

[explorer]

I'd like to dip/anonymize my BTC holdings into Monero and then right back again to fresh BTC addresses into long-term cold storage no one can track from previous BTC addresses on the blockchain. I don't have a lot of experience with Monero and am wondering the best practices in doing this.

Seems like washing your car in a dust storm, but you could do something like this:
  Deposit BTC to a high enough volume exchange that supports Monero.  Transfer Monero to alternate exchange (or just trade back on first exchange, if you are not sufficiently paranoid), withdraw BTC to chosen wallets.  Repeat each time you do a BTC transaction.  Or just use Monero.  You will eventually, so just get ahead of the curve.