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

[Anon136]

all of the points that made me join the monero base a year ago. amazing project, great things ahead.
on a side note: i'm looking for ways to use monero directly to pay for my everyday activities. Was thinking of using a crypto credit card. Anyone here tried the uquid card?

Read from here.

https://bitcointalk.org/index.php?topic=1588857.msg26524457#msg26524457

Thank you for this information. You saved me from a mistake.

At the DASH conference in 2017, the DASH team introduced integration with the Bitcoin-Debit card provider, which will allow DASH to be used with any retail point of sale that accepts Visa cards, both online and directly in stores. This will ensure the possibility of accepting payments to DASH for more than 40 million traders around the world. Also, DASH owners will be able to exchange their funds for cash at any ATM in 210 countries.

Is Monero planning something like this? This greatly increased the price of the coin.

That was a bitcoin card I linked. So link this dash card.

Oh, wait I found it, It's the same card.

https://uquid.com/dash-debit-card

I thought visa stopped processing crypto currency related debit cards? I'm 99% sure I read that somewhere.

Only credit, not debit.

There were cards out there that lent people crypto currency when they used them that people then had to pay back at the end of the month? Or did it work differently? What is the difference between a crypto credit card and a crypto debit card?

[equipoise]

all of the points that made me join the monero base a year ago. amazing project, great things ahead.
on a side note: i'm looking for ways to use monero directly to pay for my everyday activities. Was thinking of using a crypto credit card. Anyone here tried the uquid card?

Read from here.

https://bitcointalk.org/index.php?topic=1588857.msg26524457#msg26524457

Thank you for this information. You saved me from a mistake.

At the DASH conference in 2017, the DASH team introduced integration with the Bitcoin-Debit card provider, which will allow DASH to be used with any retail point of sale that accepts Visa cards, both online and directly in stores. This will ensure the possibility of accepting payments to DASH for more than 40 million traders around the world. Also, DASH owners will be able to exchange their funds for cash at any ATM in 210 countries.

Is Monero planning something like this? This greatly increased the price of the coin.

That was a bitcoin card I linked. So link this dash card.

Oh, wait I found it, It's the same card.

https://uquid.com/dash-debit-card

I thought visa stopped processing crypto currency related debit cards? I'm 99% sure I read that somewhere.

Only credit, not debit.

There were cards out there that lent people crypto currency when they used them that people then had to pay back at the end of the month? Or did it work differently? What is the difference between a crypto credit card and a crypto debit card?

They won't let you buy crypto with a regular credit card, but you could use a debit card to buy from bitstamp, coinbase, etc. They just won't give you a loan (with a credit card) to buy crypto. This is the only thing they stopped. All other uses are generally allowed. Crypto connected cards are all debit cards too - you should send crypto first and multiply x current price = balance you could use with the card.

[Anon136]

At the DASH conference in 2017, the DASH team introduced integration with the Bitcoin-Debit card provider, which will allow DASH to be used with any retail point of sale that accepts Visa cards, both online and directly in stores. This will ensure the possibility of accepting payments to DASH for more than 40 million traders around the world. Also, DASH owners will be able to exchange their funds for cash at any ATM in 210 countries.

They won't let you buy crypto with a regular credit card, but you could use a debit card to buy from bitstamp, coinbase, etc. They just won't give you a loan (with a credit card) to buy crypto. This is the only thing they stopped. All other uses are generally allowed. Crypto connected cards are all debit cards too - you should send crypto first and multiply x current price = balance you could use with the card.

Oh no I was talking about that kinda crypto debit card. Not buying crypto using a debit card.

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[dEBRUYNE]

Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

[crypt0baws]

Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

In sum, we strongly believe that it's beneficial to preserve our ASIC resistance. Therefore, we will perform an emergency hard fork to curb any potential threat from ASICs if needed. Furthermore, in order to maintain its goal of decentralization and to provide a deterrent for ASIC development and to protect against unknown or undetectable ASIC development, the Monero team proposes modifying the Cryptonight PoW hash every scheduled fork, twice a year. The modifications will be light, and should not change performance profiles much. The first change is now being tested, and will happen in the coming March fork. Finally, we will continue to research alternative Proof of Work functions that may provide better ASIC resistance than Cryptonight.

Patches will be available for the following software: zone117x's pool, Snipa's pool, Lucas Jones' CPU miner, wolf0's CPU miner, ccminer-cryptonight, sgminer-gm, xmr-stak, xmrig-nvidia, wolf-xmr-miner.

Have any such PoW functions been mentioned, does anyone know?

[CK_Zephyrus]

Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

This is only second in this blog post, but this bears emphasis:

Do NOT reuse your Monero keys for any other purpose, including Monero forks.

Your Monero keys are *Monero* keys. Using them on another chain will destroy your privacy, as well as others'.

If you want to fork Monero, don't be lazy, start your own blockchain like others did before.

[crypt0baws]

Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

This is only second in this blog post, but this bears emphasis:

Do NOT reuse your Monero keys for any other purpose, including Monero forks.

Your Monero keys are *Monero* keys. Using them on another chain will destroy your privacy, as well as others'.

If you want to fork Monero, don't be lazy, start your own blockchain like others did before.

Should've mentioned that in my post, this is really important for users to know.

Thanks for highlighting this, let's spread the word!

[Anon136]

Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

considering slightly modifying the PoW at every hardfork.

I love this idea! And I love that we now have a public stance from the dev team on their position on modifying the proof of work algorithm. I called for this some time ago, I have no idea if that had any impact on this being written, I doubt it, either way I am very pleased to see it.

It will be interesting to see if the hash rate crashes after the first change thus providing compelling evidence that there is currently asic mining of monero. Personally I doubt it but I will be watching intently regardless.

[bitebits]

[...]
It will be interesting to see if the hash rate crashes after the first change thus providing compelling evidence that there is currently asic mining of monero. Personally I doubt it but I will be watching intently regardless.

Wouldn't a proof-of-work change affect the botnet computers who can't be easily upgraded?

[Millionero]

[...]
It will be interesting to see if the hash rate crashes after the first change thus providing compelling evidence that there is currently asic mining of monero. Personally I doubt it but I will be watching intently regardless.

Wouldn't a proof-of-work change affect the botnet computers who can't be easily upgraded?

The botnets have to upgrade for every fork anyway, right?  Like everybody.

[bitebits]

[...]
It will be interesting to see if the hash rate crashes after the first change thus providing compelling evidence that there is currently asic mining of monero. Personally I doubt it but I will be watching intently regardless.

Wouldn't a proof-of-work change affect the botnet computers who can't be easily upgraded?

The botnets have to upgrade for every fork anyway, right?  Like everybody.

A proof-of-work change requires an update of the mining software, which runs locally. Correct?
I assume the botnet computers are pointed at a mining pool, which only requires the mining pool to upgrade its software during a 'normal' hard fork without a PoW change. Correct?

[JesusCryptos]

I havn't trusted it [mymonero.com] since a few guys here got burned and really I only used it for a few coins which back then was pocket change, I think the most I ever had on there was 400 way back.

People have to get burned before they stop using web page based wallets I guess.  

!@$@#$ Binance still down was supposed to be up 10 minutes ago. Fuck

Ya, that was horrible (was it birr who lost 7k XMR wallet? I remember feeling sick about it at the time, and shortly thereafter removed the bulk of my stash), but IIRC it was resolved to be phishing or MIM, wasn't it?  A strike against the internet, not the integrity of the service.

Why would people leave coins in online wallets? Well, I guess I may have done it too in the past with what was then "pocket money", actually I had left coins in online exchanges which then got hacked. A handful of dollars in those days, tens or hundreds of thousands of $ now...

[huctalk]

It is going to be really interesting to see what this causes on the network. I predict at least 5% in gains over the week.

[explorer]

I havn't trusted it [mymonero.com] since a few guys here got burned and really I only used it for a few coins which back then was pocket change, I think the most I ever had on there was 400 way back.

People have to get burned before they stop using web page based wallets I guess.  

!@$@#$ Binance still down was supposed to be up 10 minutes ago. Fuck

Ya, that was horrible (was it birr who lost 7k XMR wallet? I remember feeling sick about it at the time, and shortly thereafter removed the bulk of my stash), but IIRC it was resolved to be phishing or MIM, wasn't it?  A strike against the internet, not the integrity of the service.

Why would people leave coins in online wallets? Well, I guess I may have done it too in the past with what was then "pocket money", actually I had left coins in online exchanges which then got hacked. A handful of dollars in those days, tens or hundreds of thousands of $ now...

A lot of us did, back in the day when you couldn't run a node on less than cutting edge hardware/connection.  Now it's no big deal, with LMDB etc.  It wasn't exactly pocket money, either, but it was seen as better than leaving it on an exchange.

[wudafuxup]

So is there any plan to mitigate the on going botnet problem XMR, BCN and now ETN are suffering from? It can't possibly be healthy to have such a large chunk of the block reward constantly taken by a few A-holes running bot nets on the network..



 In the last year we have seen standalone coin miners and coin mining modules in existing malware proliferate rapidly. I love the technology behind the coin, but the ongoing issues with cybercriminals swipping over 70% (will likely continue going up higher) of the reward is of huge concern to me.

[GingerAle]

^^ it would be great if you could prove they are actual botnets.

[primer-]

Monero is dead if PoW algo is changed now in March.

[Nathan047]

So is there any plan to mitigate the on going botnet problem XMR, BCN and now ETN are suffering from?
*image*

I don't know why everybody keeps there are massive botnets just because there are unknown pools. I'm sure that Monero miners value privacy too.

PS: I know that there are botnets, it's just I'm sure they're nowhere near 71% of the network.

[phishead]

Monero is dead if PoW algo is changed now in March.

Primer-, how are your shorts holding up from 2015 & 2016? Actually, how are you holding up?  I'm sure it gets tough when no one ever takes your seriously when you keep saying the sky is falling and it never does.