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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4650916 times)
Hueristic
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July 26, 2018, 03:23:02 AM
 #39361

Anyone have any thoughts about the survival of privacy coins once crypto's like Coval/Emblem, Cardano, etc perfect the side chain transfers?  Seems like they are very close.  If you can transfer funds, files, etc and all the info is burnt ounce accepted, why would you need Verge, Monero, etc?

You would never ever need verge so there is that, as for the rest of your answer just read the definition of Plausible deniability.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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July 26, 2018, 03:31:56 AM
 #39362

Ok.  Thanx for the reply.  Just seems like it be nice to not have to even use Plausible deniability.
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July 26, 2018, 03:42:06 AM
 #39363

Ok.  Thanx for the reply.  Just seems like it be nice to not have to even use Plausible deniability.
The world is not nice. Sad

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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July 26, 2018, 05:09:32 AM
 #39364

based on what factors , monero was added as base pair exclusive to poloniex ? believe no other exchange has this as base pair

Factor One: XMR is the only 100% fungible, 100% PoW cryptocurrency with decentralized governance and mining (sorry Bitcoin I still love you too)

Factor Two: XMR volume helped Poloniex pay back user funds lost in a security breach

Factor Three: Monero Enterprise Alliance Cool


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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July 26, 2018, 07:23:18 AM
 #39365

The theory is to focus the initiatives of liberty activists in a single place. Many if us are active in rolling back again legislation. Some are energetic in secession efforts. Some are anarchists, some will be the  libertarians, se Democrats and some Republicans. All attempting to decrease the size and range of the federal government
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July 26, 2018, 08:34:30 AM
 #39366

It's apparent XMR happens to be only thing here that suits anarcho-capitalist, so normally it draws people who have such inclination. I'd be surprised to see another thing. In fact, maybe it's even more extreme. I wouldn't dismiss even there have been not a big quantity of responders. Though I must say, I've a conservative inclination

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July 26, 2018, 08:37:51 AM
Merited by iCEBREAKER (2)
 #39367

Anyone have any thoughts about the survival of privacy coins once crypto's like Coval/Emblem, Cardano, etc perfect the side chain transfers?  Seems like they are very close.  If you can transfer funds, files, etc and all the info is burnt ounce accepted, why would you need Verge, Monero, etc?

First I need to emphasize one more time, real world business is not possible without private transactions. You can prove it easily by taking a glance to the banks, merchants, etc and how they work in details. Today, virtually all the money transfers in the real world are private. Of course, you can easily discuss the Quality of that privacy and find it very poor. But you can't contradict the notion of the privacy itself being used in real world money transfers:

- When you pay by the paper bank notes or metal coins for a Big Mac in McDonalds, your transfer is private because nobody asks your citizen ID.
- When you pay by credit card for a car in Mercedes store, your transfer is private for all the world except store workers and bank workers that must keep your transaction the secret, unless special defined law conditions will be violated.
- Even huge merchants like Amazon don't upload their detailed transaction history to a public domain, they just need to generate reports to the narrow social institutes like tax department, club of shareholders, etc. Note Donald Trump hasn't declared his tax payments at all and he become the US president easily.
- And so on.

OPPOSITE TO THE REAL MONEY WORLD, MOST CRYPTOCURRENCY BLOCKCHAIN TECHNOLOGIES ARE NOT PRIVATE, BUT RATHER COMPLETELY TRANSPARENT! COMPLETELY!

How do you think, could most blockchain technologies be applied to transfer money in the real world?! Of course, No! They could be used for thousands of things, EXCEPT the money transfers! There are more and more people begin to undersand that real business aspect, for example:
https://themarketmogul.com/monero-cryptocurrency/

Monero, from the other hand, is THE ONLY cryptocurrency among large ones, that has BLOCKCHAIN COMPLETELY PRIVATE WITHOUT A BIT OF TRANSPARENCY. Other 'privacy' coins are just compromises that built around notion of privacy.

Even ZCash & zk-snark algorithm that relies on initial trust to generate genesis blockchain parameters that hide the rest of blockchain, it is the compromise. In other words, in ZCash you must trust the developers whether they generated initial parameters secretly, didn't say them to the side person, and burnt them out forever. Also ZCash is not private by default like Monero, and if you transfer money between ZCash's stealth and public addresses, you lost the anonymity quickly. That vulnerabilities of ZCash were discussed on the Internet widely and you'll google them easily. I don't even speak about other Monero "competitors" like Dash, because Dash is nothing more than a children sandbox, in terms of strict privacy. They just have famous PR team.

So you can see, Monero is the only transfer system that offers perfect privacy without you need to trust to anybody.

"...If you can transfer funds, files, etc and all the info is burnt ounce accepted..."

- I answer: side chains, lightning networks, etc. NEED YOU MUST TRUST to the side agents, so the quality of the privacy achieved is not greater than quality of bank workers that say they keep you money secrets.

Furthermore, in terms of side chains, assets trade, smart contracts, etc., Monero introduces Tari:
https://www.reddit.com/r/Monero/comments/8lgvw4/introducing_tari_a_decentralised_assets_protocol/


I hope, you, read my post, will see the transparent blockchains in the very, very different light that ever before.
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July 26, 2018, 11:58:58 AM
 #39368


  First XMR block found!!! Congratulations and Thankyou all!!

   https://xmr.minercountry.com/#pool_blocks

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July 26, 2018, 01:10:07 PM
 #39369

It's apparent XMR happens to be only thing here that suits anarcho-capitalist, so normally it draws people who have such inclination. I'd be surprised to see another thing. In fact, maybe it's even more extreme. I wouldn't dismiss even there have been not a big quantity of responders. Though I must say, I've a conservative inclination
I very confident with the future of XMR, for me this is one of the best coins. Monero is one of the last projects that is continuing the vision of decentralization.
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July 26, 2018, 03:40:43 PM
 #39370

Monero Mining Pool by HeroMiners


Pool Url: https://monero.herominers.com/


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Payout threshold 0.3 XMR
Denomination Unit: 0.001 XMR
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dEBRUYNE
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July 26, 2018, 08:15:59 PM
Last edit: July 26, 2018, 08:30:20 PM by dEBRUYNE
 #39371

GUI v0.12.3.0 (with direct Ledger support) released!

https://reddit.com/r/Monero/comments/925q5m/gui_v01230_with_direct_ledger_support_released/

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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July 27, 2018, 09:02:54 AM
 #39372

the side chain transfers?  Seems like they are very close.  If you can transfer funds, files, etc and all the info is burnt ounce accepted, why would you need Verge, Monero, etc?

- I answer: side chains, lightning networks, etc. NEED YOU MUST TRUST to the side agents

Further more when you realise your money is gone in a side chain, what evidence do you have to show it? nothing if the info has all been "burnt" as you put it

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July 27, 2018, 11:47:35 AM
 #39373

Thanks for latest upgrade which has directly Ledger supports, and very detailed guides for upgrading wallets.
By the way, the historical price chart of XMR shows that the coin might bounce considerably back if it hits around $90.
Of course, I wish XMR will not drop deeply to that point. ^^
https://coinmarketcap.com/currencies/monero/

History tells me it will hit $500 again. Nothing has changed except TPTB taking profit from the scene, this will be replaced and all the caps of sound projects will return.
My guess is 1Q19.

Maybe you could give us a rundown of your crystal ball?

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July 27, 2018, 06:39:48 PM
Merited by bones261 (2)
 #39374

Dont be down on Monero,it is down for sure....but get yourself MONERO ATTACK and get up and enjoy




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July 28, 2018, 07:41:37 PM
 #39375

anyone know of a guide for storing Monero on the nano s? what's wrong with my xmrig? "connection reset by peer"

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July 28, 2018, 07:53:17 PM
 #39376

finally managed to get daemon connected. synchronizing now. anyone have any links for CLI commands? want to receive xmr on ledger via CLI

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July 29, 2018, 09:36:12 AM
 #39377

Monero will hit that point, at some day in the future. No one knows when it hit such high prices.
We all have to wait patiently to see it happened. Hope that it will occur this year, not in 2019.
When right time come, when growth period of the whole crypto market, especially altcoins, come; Monero will hit its new all time highs, not only reach $500.
It is mainly because the whole crypto ecosystem has been on the growth period

Eventually, Monero has had direct support for Ledger.
dEBRUYNE
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July 29, 2018, 09:36:33 AM
 #39378

finally managed to get daemon connected. synchronizing now. anyone have any links for CLI commands? want to receive xmr on ledger via CLI

See:

https://getmonero.org/resources/user-guides/monero-wallet-cli.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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July 29, 2018, 03:34:33 PM
 #39379

rechecking:

Meh google failure to properly search monero.

works now

https://trends.google.com/trends/explore?q=monero#TIMESERIES


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July 30, 2018, 01:11:49 AM
 #39380

The goal of predictable solo mining is to provide an entire block's reward to a miner as soon as it computes a number of hashes equal to network difficulty. Of course it's impossible to provide any such guarantee given that mining is a random process: for pure solo mining the network difficulty reflects only the average number of hashes you might have to perform. The actual number can be 2x, 3x, 4x or even more, making solo mining far too risky for most.

The good news is that through leveraging the mining power of multiple miners, we can come pretty close to this ideal of awarding 1 full block's reward when number of hashes equals difficulty. Ethpool was the first pool to promote this concept, and it works quite well judging by its popularity: it contributes well over 2 TH/s of hashpower to the Ethereum network (see https://miningpoolstats.stream/ethereum).

Over at https://cryptonote.social we've been experimenting with predictable solo mining for both Monero and Wownero. In the process, we've identified room for improvement in Ethpool's PSOLO scheme, and have implemented an updated payment scheme we call PSOLO2. The main difference with PSOLO2 is a full block's reward always "costs" exactly the network difficulty value instead of the number of credits from the runner-up miner. This improves predictability of payouts and eliminates some of the known flaws in Ethpool's scheme.

Interested in giving predictable solo mining a shot without a big investment of hashpower? We recommend you check out our Wownero pool: https://cryptonote.social/wow

The network difficulty for Wownero is right around 80M, which means you can mine a full block's rewards in about 2 hours with 10 kh/s of hashpower. In fact as of right now there are 2 3 mined blocks already confirmed and sitting in the queue waiting for any miner to hit the network difficulty target and instantly earn their rewards.

Happy mining!
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