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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4251450 times)
rapidtech
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January 09, 2018, 04:06:57 PM
 #37561

People are getting too emotional about scam/hype coins "overtaking" Monero. Marketcap is easily game-able and will eventually become meaningless. Those hype coins will be forgotten in a few weeks or months. Monero, on the other hand, will stand the test of time. Building for the long term always entails short term sacrifices.

What makes Monero better than other privacy coins? It sure is expensive at around $400. Sure, the people who got in early are happy no doubt about it, but not too many people can afford it right now. Wouldn't it be a good idea to use multiple privacy coins in order to diversify?

Monero is expensive because many wants it and  the supply is also limited. Monero has been tested and proven already throughout the years. It had its ups and downs. Every misstep it made, the devs made Monero even stronger. The new privacy coins are untested. Their faults are yet to be discovered. They reason they always compare to Monero is because Monero is one of the flagship coins they have to measure themselves to.

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Anon136
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January 09, 2018, 05:39:07 PM
 #37562

Wouldn't it be a good idea to use multiple privacy coins in order to diversify?

Maybe if there were other privacy coins. Monero doesn't have any competition. Yes I am aware of dark coin and verge and zcash ect... and I repeat, Monero doesn't have any competition.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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January 09, 2018, 06:52:54 PM
 #37563

When will a new Monero wallet be released, it seems like the HH release is pretty old.

No new bugfixes and patches since then?

I would like to see more security bugfixes, there is no way that Monero is perfect security wise. Are we going to see updates soon?

You can build from master whenever you want. Any critical security issues would get a point release. Next major release in a couple of months I think.

Master doesn't always compile does it. I avoid running in-development branches, since they always have some slight bugs in them. I wait for a normal release.



Well if there is no way there is not security flaws then find them and point them out and claim the bounty.


I don't know I am not a professional programmer. But I bet there are plenty of security flaws.

I would guess some of the encryption stuff should be more verified and looked into. Monero already had an encryption based vulnerability in the past, it could weaken anonymity, so that is a massive risk point. I would look into that if I would be a developer.
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January 09, 2018, 07:05:44 PM
 #37564


I would guess

I think that's where you are going wrong.



Higher for the hardcore
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January 09, 2018, 07:08:51 PM
 #37565

Monero already had an encryption based vulnerability in the past.

Source?

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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January 09, 2018, 08:16:58 PM
 #37566

Monero already had an encryption based vulnerability in the past.

Source?

https://steemit.com/vulnerability/@bitcoinparadise/mwr-labs-xmr-monero-advisory-statement-from-the-monero-core-team

https://www.bitcoinisle.com/2017/10/23/moneros-ip-address-leak-isnt-an-exploit-and-doesnt-affect-anonymity/

https://ipfs.io/ipfs/QmWYTeggKeL8xBitA8uQWAaNDWfFrUHXAxBXkvmnisdDw7  (PDF)


And this is just the smaller bugs, who knows what kind of backdoors or vulnerabilities the encryption scheme might have. It's very new technology so it hasn't been researched a lot by many scientists.

I'd not be surprized if Monero would be totally broken in the next 5 years by a cyptographic research group.




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January 10, 2018, 12:41:17 AM
 #37567

Monero already had an encryption based vulnerability in the past.

Source?

https://steemit.com/vulnerability/@bitcoinparadise/mwr-labs-xmr-monero-advisory-statement-from-the-monero-core-team

https://www.bitcoinisle.com/2017/10/23/moneros-ip-address-leak-isnt-an-exploit-and-doesnt-affect-anonymity/

https://ipfs.io/ipfs/QmWYTeggKeL8xBitA8uQWAaNDWfFrUHXAxBXkvmnisdDw7  (PDF)


And this is just the smaller bugs, who knows what kind of backdoors or vulnerabilities the encryption scheme might have. It's very new technology so it hasn't been researched a lot by many scientists.

I'd not be surprized if Monero would be totally broken in the next 5 years by a cyptographic research group.







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January 10, 2018, 01:09:52 AM
 #37568

Monero already had an encryption based vulnerability in the past.

Source?

https://steemit.com/vulnerability/@bitcoinparadise/mwr-labs-xmr-monero-advisory-statement-from-the-monero-core-team

https://www.bitcoinisle.com/2017/10/23/moneros-ip-address-leak-isnt-an-exploit-and-doesnt-affect-anonymity/

https://ipfs.io/ipfs/QmWYTeggKeL8xBitA8uQWAaNDWfFrUHXAxBXkvmnisdDw7  (PDF)


And this is just the smaller bugs, who knows what kind of backdoors or vulnerabilities the encryption scheme might have. It's very new technology so it hasn't been researched a lot by many scientists.

I'd not be surprized if Monero would be totally broken in the next 5 years by a cyptographic research group.



I agree.  We should all panic dump and nobody should ever buy Monnero again!

The Monerro Enterprise Alliance is worse than if the Ethereum Foundation and Dash Core mated and produced a scam-baby.


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January 10, 2018, 02:15:28 AM
 #37569


I suspected you might be talking about the second link there. And as it says in the title it wasn't an exploit and it doesn't count.

The third one is also something we all knew about and was the reason I was advocating for minimum mixin levels since I first read the first whitepaper.

The first link however is interesting. I wasn't aware of that. Thank you for bringing it to my attention.

It's very new technology so it hasn't been researched a lot by many scientists.

I'd not be surprized if Monero would be totally broken in the next 5 years by a cyptographic research group.

This is actually a common misconception. Monero's security model is built upon making very basic assumptions about how very well tested and long vetted cryptographic schemes will interact with each other. There is the possibility that these basic assumptions could be wrong. That is always the case with all assumption. But this risk is kept to a minimum by making the fewest and smallest assumptions possible. It's not new tech. It's old tech put togather in a new way but in such a way as to make the fewest assumptions possible. This criticism makes it sound like you are talking about ZCash not Monero.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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January 10, 2018, 06:54:33 AM
 #37570


So what's the deal, did the patch get enabled or do I have to use the --user-agent argument?  I use cli exclusively.
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January 10, 2018, 07:24:40 AM
 #37571


It isn't going to take the dev team more than a few days to patch any vulnerability that has been detected and made public. I wouldn't worry about it. I certainly am not.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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January 10, 2018, 08:31:23 AM
 #37572


That post is from last year. This issue has long since been addressed, and only applied to people running RPC wallets (generally exchanges, etc.) and even then only in an insecure setting (no isolated VM/container, same system as a browser, etc.)

Also this was not any sort of "encryption" or cryptography bug, and arguably not a bug at all. If you tell the wallet to open up a port to listen for commands (is not, and never was the default behavior), then you better secure access to the port.
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January 10, 2018, 09:47:46 AM
 #37573

Does XMR have block explorer?I'd like to check my wallet balance.But I don't want to update my wallet.

You can't look up wallet balances on a Monero block explorer.


Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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January 10, 2018, 09:48:27 AM
 #37574

Do we have a date yet for when transaction fees are supposed to be reduced?

Once Bulletproofs go live. That's either March or September. In addition, you might be interested in reading:

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

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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January 10, 2018, 09:50:59 AM
 #37575

Hello monero comunity,
seems like deeponion is going to climb up the ladder, i hope it will be soon next to you guys.
This year is the year of the anon coins! keep up!
regards

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January 10, 2018, 03:54:47 PM
 #37576

Hello monero comunity,
seems like deeponion is going to climb up the ladder, i hope it will be soon next to you guys.
This year is the year of the anon coins! keep up!
regards
Onions will eventually make you cry.

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January 10, 2018, 04:04:59 PM
 #37577

Hi guys im doing some calculations to rebalance my Portfolio at the Moment. Can anyone of you maybe tell me the number of currently mined Moneros? Because coinmarket cap is not correct with most of their numbers about the market cap Smiley
Thanks a lot!

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January 10, 2018, 04:40:00 PM
 #37578

Somebody was talking that there will be xmr hard fork already on 15th january. Is there any link for that?
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January 10, 2018, 05:34:38 PM
 #37579

Somebody was talking that there will be xmr hard fork already on 15th january. Is there any link for that?

That was last year.

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January 10, 2018, 06:12:18 PM
 #37580

Somebody was talking that there will be xmr hard fork already on 15th january. Is there any link for that?

There is a routine hard fork every 6 months though.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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