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

[Hueristic]

I really think Monero has one of the best shots to become the top crypto currency in the next year or two.

After that?  I think DeepOnion can take over.

You Sir are properly named. FTFY

[explorer]

Yep.  bullet proofs on the testnet already   Sounds to me as though both are progressing well thus far.   To the best of my knowledge (admittedly not the best) both are likely to be in the next protocol upgrade, barring catastrophic testing issues.  
It feels like a few weeks ago that I first heard about Bullet Proofs.  Now they are likely weeks from release.  The Monero Team is Fast.  Spaceship Fast.  Never thought I'd say that  

Slow down there buddy.  The release for the March HF code is scheduled for mid Jan. so that does not give much time for testing BulletProofs.  At the dev meeting 2 weeks ago there was no consensus as to when BPs would be released.  I imagine they are keeping an open mind but my guess is it will probably not make it.  I must say that more people are involved in development these days so things do move faster but nothing will be released unless it is thoroughly tested and reviewed.  Like everyone I hope it makes it.  It is a rather easy replacement to our current range proofs but it is new tech.  It would be the first implementation where money is involved so..............

Multisig has been tested and is ready for the March HF.  Being a wallet change it actually doesn't need a HF.  It is already on master and will be there and ready to use in the Jan release.  If BPs are ready for the Jan code they will not be used until March as they do need a HF.

Sigh.  Enthusiasm Crushed.

Reduced to level:  Uber Bullish.  

Maybe I'm wrong to be so influenced by some troll on twitter, but but but...

single-output Bulletproofs code is merged and will be live as part of the March hard fork.

[cAPSLOCK]

Yep.  bullet proofs on the testnet already   Sounds to me as though both are progressing well thus far.   To the best of my knowledge (admittedly not the best) both are likely to be in the next protocol upgrade, barring catastrophic testing issues.  
It feels like a few weeks ago that I first heard about Bullet Proofs.  Now they are likely weeks from release.  The Monero Team is Fast.  Spaceship Fast.  Never thought I'd say that  

Slow down there buddy.  The release for the March HF code is scheduled for mid Jan. so that does not give much time for testing BulletProofs.  At the dev meeting 2 weeks ago there was no consensus as to when BPs would be released.  I imagine they are keeping an open mind but my guess is it will probably not make it.  I must say that more people are involved in development these days so things do move faster but nothing will be released unless it is thoroughly tested and reviewed.  Like everyone I hope it makes it.  It is a rather easy replacement to our current range proofs but it is new tech.  It would be the first implementation where money is involved so..............

Multisig has been tested and is ready for the March HF.  Being a wallet change it actually doesn't need a HF.  It is already on master and will be there and ready to use in the Jan release.  If BPs are ready for the Jan code they will not be used until March as they do need a HF.

Sigh.  Enthusiasm Crushed.

Reduced to level:  Uber Bullish.  

Maybe I'm wrong to be so influenced by some troll on twitter, but but but...

single-output Bulletproofs code is merged and will be live as part of the March hard fork.

Cthulhu help us... another "announcement". 

[Globb0]

The March code is scheduled for release in mid Jan, who says we move slow.


Soon(er)Tm


Can we get an upturn with it ?

[pönde]

The GUI could be updated the way, that is will show on transaction history details also the integrated address, if such is used when sending. Now when using integrated address the GUI creates a standard address and shows only it on the transaction details.

[nioc]

Yep.  bullet proofs on the testnet already   Sounds to me as though both are progressing well thus far.   To the best of my knowledge (admittedly not the best) both are likely to be in the next protocol upgrade, barring catastrophic testing issues.  
It feels like a few weeks ago that I first heard about Bullet Proofs.  Now they are likely weeks from release.  The Monero Team is Fast.  Spaceship Fast.  Never thought I'd say that  

Slow down there buddy.  The release for the March HF code is scheduled for mid Jan. so that does not give much time for testing BulletProofs.  At the dev meeting 2 weeks ago there was no consensus as to when BPs would be released.  I imagine they are keeping an open mind but my guess is it will probably not make it.  I must say that more people are involved in development these days so things do move faster but nothing will be released unless it is thoroughly tested and reviewed.  Like everyone I hope it makes it.  It is a rather easy replacement to our current range proofs but it is new tech.  It would be the first implementation where money is involved so..............

Multisig has been tested and is ready for the March HF.  Being a wallet change it actually doesn't need a HF.  It is already on master and will be there and ready to use in the Jan release.  If BPs are ready for the Jan code they will not be used until March as they do need a HF.

Sigh.  Enthusiasm Crushed.

Reduced to level:  Uber Bullish.  

Maybe I'm wrong to be so influenced by some troll on twitter, but but but...

single-output Bulletproofs code is merged and will be live as part of the March hard fork.

Yes he is a self professed troll.

Yes it is live...................on test net........and has been.........for a short while 

No decision has yet been made.  Yesterday there was discussion by many of the  core team, devs, researchers and contributors about how to release BPs properly while taking into account everybody's desire that it be done yesterday 

I will be satisfied with whatever is the outcome as I know the decision will be made with proper perspective.

As the timing is tight and many would really like this to be included in the next HF, we may well not know if it will actually fly till the March HF arrives.........or whenever the HF arrives 

[djpitagora]

how does monero compare to deep onion in terms of pros and cons?

[Globb0]

Is there a way we can agree to delay the fork for it to be fully ready

[explorer]

Is there a way we can agree to delay the fork for it to be fully ready

OR a second release closer to (delayed as required) protocol upgrade season.  Importance of BP at this juncture is huge.  No telling what the space will look like in a few months, but waiting longer for the spring upgrade would be preferable to waiting all the way until the fall upgrade, should BP have insufficient testing in the near term.  Biggest question, I guess, is how much lead do we need for software implementation before the network shift.  For individuals, it is the work of a couple minutes.  Some pools and exchanges are slow to begin with though, and the massive load they are all under currently isn't likely to improve things.  OTOH, nothing like necessity as a spur to action.  And may they all reduce fees at the same time!

[explorer]

how does monero compare to deep onion in terms of pros and cons?

It doesn't.  Read back a few pages, this question is answered several times per week.  Monero is fair, secure, private and fungible.  It is not a bitcoin clone with lipstick.  Monero is alone in this category.

[Anon136]

how does monero compare to deep onion in terms of pros and cons?

Monero has an opaque block-chain. Deeponion masks IP traffic. Which you can also do with monero anyway by downloading the necissary dependancies and running it like this

Code:

DNS_PUBLIC=tcp TORSOCKS_ALLOW_INBOUND=1 torsocks monerod --p2p-bind-ip 127.0.0.1 --no-igd

But even that is just a temporary stopgap measure. Kovri, our own network level privacy tool has its development fully funded and is actively being worked on here. https://github.com/monero-project/kovri

Monero is the real deal. It was what you were probably actually looking for when you found your way to deeponion.

[SafeCoins]

Hi there,

I'm putting together an evaluation matrix of all notable Anonymous/Private cryptocurrencies, and could use your help clarifyiing Monero.    Feedback including reference to something official (website, whitepaper etc) or Dev comments (or devs themselves) would be very much appreciated.

Thank you!

https://bitcointalk.org/index.php?topic=2669844.0

[takamouri]

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[explorer]

Coinsquare.io  is adding Monero.  A Canadian fiat pairing. Finally. (GBP, Euro, USD, Au & Ag as well, looks like)

https://www.help.coinsquare.io/knowledgebase/supported-currencies/

Trading fees look to be in line with the usual suspects, plus an OTC facilitation.

Add:

Fiat withdrawal fees are high.  Even with their 'Diamond service' ($100k + executions) the fees are more than 2.5x what bitstamp charges, and QuadrigaCX is free.

  Not sure paying them up to $1000's (0.25% - 0.5%) to send me a wire transfer is as good a deal as they claim, especially if you're going to take a hit on slippage just to get that fiat 

Bitstamp needs to add Monero already.

[Hueristic]

Hi there,

I'm putting together an evaluation matrix of all notable Anonymous/Private cryptocurrencies, and could use your help clarifyiing Monero.    Feedback including reference to something official (website, whitepaper etc) or Dev comments (or devs themselves) would be very much appreciated.

Thank you!

https://bitcointalk.org/index.php?topic=2669844.0

Don't take anyone's word, especially Random Devs or fanbois of any camp, verify everything from the reference links. And if there is no proof then it doesn't exist. I would add a column for scammy starts like hidden premines, instamine, ninjamines or whatever else they are calling them now.

I don't like the Security column at all, POW is the most secure period and your chart makes it look like the others have added security which is false. AFA Quantum resistance there is no algorithms that can be proven to be secure from QC. It should be assumed all current crypto will be broken with a large enough Q-bit system. anyway thats my take on your chart from a cursory glance.

[smooth]

Sarang Noether Provides Decemeber Update On Monero

https://www.cryptocurrencyfreak.com/2017/12/29/sarang-noether-provides-decemeber-update-monero/


The latest update from Sarang Noether is out and its full of interesting information on Bulletproofs, Multisig and discusses whether or not zk-SNARKs would benefit Monero. Read the entire post below or at the Monero forums.

Hello there! Sarang Noether here with my monthly report for December. I’m pleased to report good progress on several important projects, and want to start by thanking the Monero community for your support.

The primary task this month has been a continuation of Bulletproofs. As you’ve probably read elsewhere (like this blog post), range proofs are an important component of Monero’s confidential transactions that allow us to keep amounts secret. Bulletproofs are a replacement for our existing range proofs that used Borromean ring signatures and took up a substantial amount of space on the blockchain. I used the recent Bulletproof white paper to work up Java code, perform testing on correctness and efficiency, and work with moneromooo to get the test code ported for eventual inclusion into the Monero codebase. Single-output Bulletproofs are currently undergoing testing on testnet and will be included in a future release when ready. Multi-output Bulletproofs, which offer even more space savings that scale to larger transactions, are being tested separately since they necessitate a change to the way we handle fee scaling in order to avoid denial-of-service attacks from transaction packing. Releasing Bulletproofs in stages will provide an immediate reduction in transaction size and continue to offer further benefits once the rollout is complete.........

Thanks a Ton, Reading now but got to this and it makes me quite concerned.

SPECTRE’s underlying model falls into the category of partial synchronous networks: its
security  depends  on  the  existence  of  some  bound  on  the  delivery  time  of  messages  between honest participants

I don't like anything that is not trustless nor do I trust encapsulated Israeli security researchers.

Sarang seems to talk pretty fast and loose about changing underlying protocols with off the comments like this.

I wouldn't read too much into exploratory research.

Because it uses a more complex consensus algorithm than the Nakamoto longest-chain consensus method, there is a lot of testing and analysis that needs to be done. The benefits, however, are intriguing: an implementation could increase the block rate substantially without compromising the security of the network.

I See compromising security written all over that quote I placed above. I'm starting to think this project needs a chief Security Officer. These are the exact actions that a three letter agency would be doing to place compromised positions in the codebase.

I (also) see compromising security in "a more complex consensus algorithm". A Chief Security Officer is not really the solution. How do you know such a person isn't compromised, or such a hire used to inject a rat into the project. The best approach IMO is to continue with transparency and wide participation.

I would also like to know why we should care about ZK-Snarks when ZK-Starks which from what I understand is already Trustless is available.

ZK-Starks are resource-impractical at this time. Something like a megabyte per transaction.

All of these are directions to explore for the future.

[pönde]

SPECTRE’s underlying model falls into the category of partial synchronous networks: its
security  depends  on  the  existence  of  some  bound  on  the  delivery  time  of  messages  between honest participants

I don't like anything that is not trustless nor do I trust encapsulated Israeli security researchers.

Sarang seems to talk pretty fast and loose about changing underlying protocols with off the comments like this.

Thats right. Monero has to stay decentralized and trustles. If Fluffy disagree I will blackmail him by threaten to establish some trusted food supply system.

[Rokidjinn]

Hi there,

I'm putting together an evaluation matrix of all notable Anonymous/Private cryptocurrencies, and could use your help clarifyiing Monero.    Feedback including reference to something official (website, whitepaper etc) or Dev comments (or devs themselves) would be very much appreciated.

Thank you!

https://bitcointalk.org/index.php?topic=2669844.0


https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FAHuCzTV.png&t=584&c=IWxEgH3WCBa33w

Hi

The table does not reflect Bytecoin accurately, other than the fact it was the first Cryptonote which Monero forked from. Transaction privacy is protected by secure cryptographic algorithms. whereby no one can identify who sent the money, who the receiver was, and what amount of money was transferred. It utilises all the methods in your table: https://wiki.bytecoin.org/wiki/Main_Page

Monero is inflationary and is already vulnerable to intense network shocks which could lead to an economic crash. BCN is close to its emission limit and priced at $0.006 - This is the time to pull out of XMR while the going is good and reinvest into its ancestor: Bytecoin precisely when the market supply will restrict "dumping" of coins. 

[pönde]

Does Fluffy talk here about to implement lightning network for Monero? If so, how is the project progressing?

Yes - that’s why we’re both working to get Lightning 100% working on both Monero and Litecoin
https://twitter.com/fluffypony/status/913667796025921536

It is not on the roadmap.
https://getmonero.org/resources/roadmap/

[ui_zakharchenko]

In future it's going to grow alot. Most stable with maximum privacy among all the cryptos. I'm backing it and gonna HODL it !