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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4592897 times)
Gaben.
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January 17, 2019, 07:59:49 PM
Last edit: January 17, 2019, 09:53:31 PM by Gaben.
 #40361

Heh I suppose it's out of the realm of supposition that a private cryptocurrency would necessarily draw a majority private mining base, like the kind not keen on packaging all their miners data and sending their mining data to one source or another, right?

I mean speculating on an 'unknown' mining base is the same as looking at the block explorer and trying to make a rich list without a public facing address/viewkey upload registry for the most part imo.

Sure it could be a lot of things, good and bad. Both nature of privacy and the lack of coin in the pocket more often than not inhibit the spread of information, which contrary to many beliefs does come at a cost.

Philosophically you are right. But I don't speak about Philosophy, but rather about a real "ground truth" treat like 51% attack on ETC done few days before.

Usage of unknown "hidden" pools is quite strange practice since there were a lot of ASICs and botnets in the XMR past that've used public "official" pools with great success. There is no need for someone to build "hidden" pool - EXCEPT he want to 51% attack us...



Hey what can I say .. I mean it would be a drop in the bucket if the mining algo wasn't changed and then we'd probably be talking about asics or something instead of 51% attacks but at least we kept our dignities!!1

Realistically I would prepare for the worst and expect a pretty nice re-org myself. But then again this thing forks every six months so worst case is we're down until then, after they unwind a bunch of things and we're all the more broke for it.

Either bend over for asics or get bent over by the people the asics are there to stop, kinda really only two choices when it comes to PoW and not having enough hash rate. I mean, what people are being empowered by a permanently vulnerable chain? But what do I know not enough I guess.

OK thought about it some more and:

Whereby Monero forks every six months, FPGA and ASIC miners have a direct monetary incentive to conceal their identities. Their discovery and persecution being within the scope of the current development teams initiative literally pushes them toward privacy.

This is, of course, making the assumption that they do indeed profit off of mining .. and is likely not the only assumption being made in order to come to this conclusion.

So rather than philosophically, there are tangible, real and measurable benefits to these 'non-approved' miners profiting off of the mining that would otherwise be taking place by the smaller miners.

In much the same way monero users would tend toward utilizing privacy in order to express their freedom to conduct business freely, asic and fpga miners are very likely utilizing privacy to exercise their freedom to mine profitably. Taking their mining nodes offline by [ddos, etc..] due to constant exposing of their personal data and ip addresses to the 'monero-approved network' risks for them a direct monetary penalty and a real thing that has happened before in eliminating the competition.

Still, methinks it's just the beginning of this type escalation if indeed it is FPGA's and ASIC's (which i suspect it is).

RealisticallyIdeally, the best case, in my own opinion, is to hope that it's just some hungry non-approved FPGA's and ASIC's looking for a meal.

Also the ethereum bleedover was a good point.
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bobabouey2
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January 18, 2019, 08:09:42 PM
 #40362

Checking back into this board after a long absence...

Anyone ever hear any update on rpietila?  Despite all the problems with cryptokingdom, he was a colorful guy and pretty important to the early days of Monero.
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January 18, 2019, 08:51:36 PM
 #40363

Checking back into this board after a long absence...

Anyone ever hear any update on rpietila?  Despite all the problems with cryptokingdom, he was a colorful guy and pretty important to the early days of Monero.

His castle burnt down - https://btcmanager.com/burning-long-term-holders-bitcoin-castle-marks-beginning-new-era/

I hear he's still insane. Other than that, IDK....  🤷

FYI - I am @owlcatz on Telegram, and I have NEVER traded there, and never will, so beware any imposters please. Roll Eyes
Hueristic
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January 18, 2019, 11:07:22 PM
 #40364

Checking back into this board after a long absence...

Anyone ever hear any update on rpietila?  Despite all the problems with cryptokingdom, he was a colorful guy and pretty important to the early days of Monero.

I think this was him.

https://www.youtube.com/watch?v=RHg8qIKJo1I

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January 19, 2019, 10:31:17 AM
 #40365

https://miningpoolstats.stream/monero

and for now - there are more 300 MH unknown hashrate, and this is almost 50% of all hashrate

it seems that bitmain testing new CN8 asics
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January 19, 2019, 10:59:18 AM
Last edit: January 19, 2019, 11:26:47 AM by florida.haunted
 #40366

https://miningpoolstats.stream/monero

and for now - there are more 300 MH unknown hashrate, and this is almost 50% of all hashrate

it seems that bitmain testing new CN8 asics

Right now : 614 - 311 unknown vs 313 known = 303 UNKNOWN vs 311 known.
-----------------------------------------------------------------------------------------
608..614..617 it is increasing every single minute...

51% ATTACK is ongoing. Summarizing all the discussion above:
Unknown hashrate ARE ASICs for almost SURE, because The Community fights against ASICs thus forces them to use hidden, unknown pools.

Honest miners are becoming bankrupts right now: The Ratio Hashrate / Price = 608 MH/s / $46 = 13.2 Mh/s/$,
BUT A YEAR AGO:
https://bitinfocharts.com/comparison/monero-hashrate.html#1y
https://bitinfocharts.com/comparison/monero-price.html#1y
The Ratio Hashrate / Price was ~650 MH/s / ~$350 =~ 1.8 Mh/s/$, and that time ASICs were NOT on the scene yet - they came in February 2018 increasing the hashrate by factor ~2 to 1GH/s (and now we observe the same factor ~2 from ~300 to ~600).

I VOTE FOR IMMEDIATE HARDFORK WITH ALTERED MINING ALGO LIKE THIS ONE:
https://github.com/SChernykh/CryptonightR

CryptonightR is normalized in hashrate as our current cn/2 and is efficient with GPUs (but much not as well with ASICs/FPGAs).

------------------

Alternative/additional way I proposed: each pool should register in XMR blockchain its signature. Each block mined should be signed by pool's signature. Unsigned or mal-signed blocks should be rejected by the XMR consensus.

This way can also count hashrate distribution among pools exactly, so the consensus may reject a block mined by a pool close to 51% hashrate.

This proposal doesn't violate an anonymity of a pool owner: just pool as web-site must be public, https certificates may be done by "Let's Encrypt" for example.
Gaben.
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January 19, 2019, 01:53:26 PM
Last edit: January 19, 2019, 02:11:45 PM by Gaben.
 #40367

Currently it's becoming more apparent by the day that there is a very well established and constantly growing movement within the community to 'keep the small miners in the mining game'. Specifically that this initiative appears to be growing faster socially than the initiative to cater toward a larger mining network is most concerning to me. This is because, while goals like keeping small miners in the game sound quite 'equalitiarian' .. or 'fair' .. in this particular instance extreme caution should be utilized. I am advising this because those who would work actively toward keeping Monero permanently vulnerable, would also share these exact same goals.

I see measures like: Only cerified pools should be allowed to submit blocks. But which pools are these? Doesn't this proposition in particular entirely ruin the prospect of an individual miner, why was this propsed?

Or like: Make a surprise fork. But using which algorithm for mining going forward? The one that appeared two months ago directly before the hashrate increase? They can't all be infinitely secure, and making too small of a change can be designed/accomodated well in advance.

Or even: Let the community vote for a surprise fork. But which community? And by which form of vote? Hashrate? The .. increasingly vociferous 'small miner' community of late?

Why, with an already aggressive forking schedule, are we hearing calls for more forks?

I just want to make the point that Monero can likely survive a (short-lived) 51% attack. But seeding the community with malicious actors speaking for the 'small miners' and having actual responses being made to protect these people by means of a social engineering attack is a very real and dangerous threat that will kill just about anything. (This applies from the top to the bottom of the 'community')

Just a few weeks ago I had to request coinmarketcap.com to change their main landing page to getmonero.org from monero.cc operating under this very hallucination.

Regardless, I don't have a miner in the game that I'd care to vouch for. Just wanted to state the obvious.

Look there's really just a few choices here that I see at this moment: Do nothing about the algorithm, Change the algorithm to avoid asics, Change the algorithm one final time. Whatever it is I don't necessarily care one way or the other just be very wary of ongoing social engineering attacks that appear to be taking root (yet again) in this community, IMO.
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January 19, 2019, 04:47:33 PM
 #40368

Off hand and on first thought a surprise fork does not sound like a bad idea as it will once again de-incentify asic development but forced registering of pools/miners is against all crypto stands for.

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January 19, 2019, 04:55:14 PM
 #40369

Off hand and on first thought a surprise fork does not sound like a bad idea as it will once again de-incentify asic development but forced registering of pools/miners is against all crypto stands for.

Surprise fork sounds like a cluster fuck for exchanges, pools, and users. Unless you tell everyone, but then it's not a surprise.
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January 19, 2019, 04:58:49 PM
 #40370

Off hand and on first thought a surprise fork does not sound like a bad idea as it will once again de-incentify asic development but forced registering of pools/miners is against all crypto stands for.

Surprise fork sounds like a cluster fuck for exchanges, pools, and users. Unless you tell everyone, but then it's not a surprise.

I argued this plan should have been in place years ago and if it isn't already then it should be. It's not like this is a surprise, there should be a dev with the assignment of notifying all those places for just such an occurrence. It's not a cluster fuck if you are prepared. Basic security shit here, be prepared. I think they teach that to kids somewhere, oh yeah, boy scouts.

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January 19, 2019, 08:22:15 PM
 #40371

Checking back into this board after a long absence...

Anyone ever hear any update on rpietila?  Despite all the problems with cryptokingdom, he was a colorful guy and pretty important to the early days of Monero.

His castle burnt down - https://btcmanager.com/burning-long-term-holders-bitcoin-castle-marks-beginning-new-era/

I hear he's still insane. Other than that, IDK....  🤷

Thanks.

Man, that castle went through a lot of drama, I recall an earlier robbery / water damage situation as well.  Surprised he didn't have a boat that sank as well ;-)

But I guess it is best to let sleeping dogs lie.
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January 20, 2019, 09:21:56 AM
 #40372

Checking back into this board after a long absence...

Anyone ever hear any update on rpietila?  Despite all the problems with cryptokingdom, he was a colorful guy and pretty important to the early days of Monero.

His castle burnt down - https://btcmanager.com/burning-long-term-holders-bitcoin-castle-marks-beginning-new-era/

I hear he's still insane. Other than that, IDK....  🤷

Thanks.

Man, that castle went through a lot of drama, I recall an earlier robbery / water damage situation as well.  Surprised he didn't have a boat that sank as well ;-)

But I guess it is best to let sleeping dogs lie.

Sad news if Rpietila is still insane... I remember his great contribution in the community life. There was a discussion when Rpietila want to make a Monero real-world meeting in his castle... or a meeting had been done indeed?.. my memories about that discussion are dim now...
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January 20, 2019, 09:48:23 AM
 #40373

Off hand and on first thought a surprise fork does not sound like a bad idea as it will once again de-incentify asic development but forced registering of pools/miners is against all crypto stands for.

I don't persist on the idea of forced registering of pools/miners. I accept any better idea with great enthusiasm.

What our practical experience show today:
1. Hard fork twice a year to alter the mining algo don't kill ASICs - they evolve faster than we think. Just 3 of 6 months passed since previous fork - and ASICs are on the scene again. Note cn/2 was designed ESPECIALLY to be ASIC-resistant compared to cn/1.
2. It is obviously a difficult task to distinguish CPU/GPUs and ASICs in terms of mining efficacy: new algo should preserve the CPU/GPU mining efficacy while be violent against ASIC mining efficacy.

I've just read about CryptonightR in more depth and I like it. It meets the 2. requirement above. Let's CryptonightR will be our first step to fight against ASICs:
https://github.com/SChernykh/CryptonightR

Any thoughts? May be somebody sees hidden disadvantages in CryptonightR?
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January 23, 2019, 08:31:30 AM
 #40374

I am not expert about privacy coins, but many people are talking about the revolutionary mimblewimble protocol. Is Monero going to support this protocol?

                               Whitepaper     E M R X Token   :   LEARN MORE   
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January 23, 2019, 08:57:41 AM
Merited by estenity (1)
 #40375

I am not expert about privacy coins, but many people are talking about the revolutionary mimblewimble protocol. Is Monero going to support this protocol?
Yes. MimbleWimble sidechain was confirmed to be a part of Monero by fluffy a year ago.
https://www.reddit.com/r/Mimblewimble/comments/7gqnth/confirmed_mimblewimble_coming_to_monero_as_a/

And recently it was confirmed once again.
https://twitter.com/fluffypony/status/1084524086741602304

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January 23, 2019, 10:50:08 AM
 #40376

I am not expert about privacy coins, but many people are talking about the revolutionary mimblewimble protocol. Is Monero going to support this protocol?
Yes. MimbleWimble sidechain was confirmed to be a part of Monero by fluffy a year ago.
https://www.reddit.com/r/Mimblewimble/comments/7gqnth/confirmed_mimblewimble_coming_to_monero_as_a/

And recently it was confirmed once again.
https://twitter.com/fluffypony/status/1084524086741602304

That is good news this coin will get more better features and it will make this more reliable in future. Monero is here to stay for long time with great use case.
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January 23, 2019, 11:16:09 AM
 #40377

I am not expert about privacy coins, but many people are talking about the revolutionary mimblewimble protocol. Is Monero going to support this protocol?
Yes. MimbleWimble sidechain was confirmed to be a part of Monero by fluffy a year ago.
https://www.reddit.com/r/Mimblewimble/comments/7gqnth/confirmed_mimblewimble_coming_to_monero_as_a/

And recently it was confirmed once again.
https://twitter.com/fluffypony/status/1084524086741602304
That is amazing! But really sidechains could help Monero to fight with Grin or Beam?
I know that Monero has other cool features, but if we think about the scalability.


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January 23, 2019, 09:33:23 PM
 #40378

https://github.com/noncesense-research-lab/Blockchain_big_bang/blob/master/models/Isthmus_Bx_big_bang_model.ipynb
Quote
Abstract:

The current bound on expansion of the Monero block(/chain) is that each block cannot be larger than the median size of the previous 100 blocks. Given the 2-minute block time, this means that the protocol has a few-hour memory, which performs well for most use cases and conditions.

However, it is prudent to consider edge cases as well, and the current absence of medium or long-term memory comes with a significant risk. Under the current protocol, sustained high transaction volume (due to rapid adoption or a well-funded spammer) induces a rapid exponential increase in resource requirements (disk space, bandwidth, etc) that would exceed the capacities of the extant Monero infrastructure on the scale of hours

This notebook quantifies the scale of damage in the worst-case-scenarios that could arise from overwhelming adpotion or a deliberate spam attack. The current system (short-term memory only) is compared to two proposed mitigation strategies: a two point long/short-term memory, and an additive limit.
You probably all saw this before? Posted without comment.

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January 25, 2019, 02:23:19 AM
Merited by owlcatz (1)
 #40379

Quote

To

        monero-announce@lists.getmonero.org

Message body
To whom it may concern,

The Monero researchers, developers, and community members would like to announce an important proposed change regarding Monero payment IDs. Many parts of the Monero ecosystem are reliant on some form of payment IDs. These are exciting changes that improve privacy and reduce user frustration with standalone payment IDs. Furthermore, it will remove headaches when users accidentally omit payment IDs.

The Monero community is proposing to remove support for sending transactions with standalone payment IDs in most wallets in April 2019. They also propose to remove support for sending transactions with payment IDs (including integrated addresses) on the consensus layer in October 2019. Exchanges, payment processors, and other services should upgrade to support Monero subaddresses as soon as possible.

We ask that you please review the attached resources on the background decision to move to subaddresses, the upgrade process, and the timeline.

If you have any questions and would like to participate in a discussion of the future of payment IDs, please participate in the Monero Community meeting Friday January 25 at 17:00 UTC (noon eastern US). We expect to make a final decision during the meeting.

You can join the chat using one of the following methods:

Freenode IRC using your favorite IRC client: #monero-community
Kiwi IRC web client: https://kiwiirc.com/nextclient/#irc://irc.freenode.net/#monero-community
Mattermost: https://mattermost.getmonero.org/monero/channels/monero-community

You can always join before the meeting to voice any comments, or leave them in the following GitHub issue: https://github.com/monero-project/meta/issues/299

Justin Ehrenhofer and the Monero Community

what is happening
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January 25, 2019, 09:55:47 AM
 #40380

I would pick ZEC instead of XMR because of better symbol
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