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

[smooth]

I would like to invest in some of these coins but have tried to download and install the wallet by using the new binaries link but I don't get a wallet as such just some files.

Is there an idiots guide to creating a wallet so I can buy some coins to put in it or is there far more to it than that?

https://bitcointalk.org/index.php?topic=583449.msg6586737#msg6586737

This might help.

This coin is not a bitcoin clone and so it hasnt yet a graphics interface. Its command line for now. But there is a bounty for GUI and soon there must be one...


Remember to backup your wallet once you create it!

Are you on windows or linux btw?

Thanks for your reply and the link. I've already looked through that and it doesn't make much sense to me I'm afraid, perhaps if I spend some time on it later after work it might.

Yes its the graphics interface part that I'm not used to. Must have been spoiled with all the other coins I've tinkered with .

I'm running Windows 7 64 bit.

I dont have Windows unfortunately but i think that all you have to do is:

1. Create a text file on the folder with the files
2. Put the following in the text file:

@echo off

tasklist /FI "IMAGENAME eq bitmonerod.exe" 2>NUL | find /I /N "bitmonerod.exe">NUL
if not %ERRORLEVEL% == 0 (
  echo Starting node...
  start /MIN bitmonerod.exe
) else (
  echo Node already started.
)

tasklist /FI "IMAGENAME eq simplewallet.exe" 2>NUL | find /I /N "simplewallet.exe">NUL
if not %ERRORLEVEL% == 0 (
  if exist wallet.bin.keys (
    echo Starting previous wallet...
    start simplewallet.exe --wallet wallet.bin
  ) else (
    echo Starting new wallet...
    start simplewallet.exe --generate-new-wallet wallet.bin
  )
) else (
  echo Wallet already started.
)



3. Save as the file and where it asks you about name write start.bat
4. Then in the folder a file named start.bat will appear. Just double click it. It will ask you for a password. Put a strong one and remember it! It will be your wallets password.

That's great thank you very much.

I've now got 2 command windows open, the first one (bitmonerod.exe) looks like its downloading the blockchain (black background with yellow scrolling text) and the second window (simplewallet.exe) has my wallet info at the top and a command prompt ([wallet ******].

I assume that I now just have to wait for the blockchain to download?

Also, once you have the daemon synced you can start mining right from the wallet. Here's the mining guide (you've already done most of the first setup steps).

https://bitcointalk.org/index.php?topic=583449.msg6586737#msg6586737

Be patient when mining! You might not get anything right away.

[Johnny Mnemonic]

Someone (C++ skilled) did private optimized miner a few days ago, he got 74H/s for i5 haswell. He pointed that mining code was very unoptimized and he did essential improvements for yourself. So, high H/S is possible yet.
Can the dev's core review code for that?

Let me explain a bit about how open source works. Anyone is free to contribute. The lead developer and core team reviews the proposed changes and either adopts them or not. There is at least one of the core team who does work on optimization, and posted some optimizations. I would not be surprised if he develops further optimizations as well.

So if you have proposed code changes, please submit them. Some sort of statement -- backed up by zero evidence -- about a unicorn miner that someone has is not helpful. Every altcoin has these "Kaiser Soze" miners who supposedly have much faster mining code than everybody else. Sometimes it's true and sometimes it isn't. We can't force anyone to contribute their code.

The PoW algorithm needs to be highly optimized from public launch.

Also IMHO, closed source on the PoW algorithm would be best until several weeks of ramp up is complete so clones are too far behind.

Open source is a very effective paradigm for refining (because of the Linus law, "given enough eyeballs, every bug or refinement is shallow"), but it is not as effective at innovation because innovation requires pride+ownership (in one's work), investment of effort, and most of all leadership. Eric Raymond (the creator of the term "open source") opened a discussion on this last year (see the comments):

http://esr.ibiblio.org/?p=4946 (Adobe in cloud-cuckoo land)

For example, how do you plan to decentralize pools? You will need some innovative leadership on an algorithm for that, lest you end up same as Bitcoin with two pools controlling greater than 50% of the network hash power.

Ditto making mining easy enough for grandma to do. Etc.

Does anyone know of any innovative project (created many new killer features) that was created by open source (and not open sourced after those innovative features were completed)?

Btw, Russians are very astute at algorithmic optimization:

http://esr.ibiblio.org/?p=4901 (National styles in hacking)

Unfortunately, I fear you're preaching to deaf ears.  I don't believe many of the folks here understand the importance of the features you're speaking of.  I've stated more than once upthread that mining should be so easy grandma can do it. Pool sizes need to be limited or pools made unnecessary altogether. Transaction fees need to disappear. A fixed money supply won't work long term. I've been saying it. Few listen.

Anonymint, a truly anonymous cpu-only-forever coin would be great, but such features are useless if the community can't even create a currency capable of sustaining itself, let alone remaining decentralized. "One foot before the other" I suppose is what I'm trying to say.

[Keyboard-Mash]

Hey guys, with all the confusion that's been about recently I think it's time to consider settling on a logo that we can use to easily identify ourselves. This would be a major step in sustainability.

I've made a whole lot of comments in the logo thread, and with the current submissions so far I'd like to vote for this one:

http://s25.postimg.org/nsap3qqjz/monero242.png

[jeepyey]

 When out of the trading platform？

[smooth]

When out of the trading platform？

It is going to be a little while. This is not a bitcoin clone so its not just a matter of adding yet one more cookie cutter coin with the same API. It is real work for exchanges to support. Work is being done, be patient.

Meanwhile, we do have a trading thread. Come check it out. https://bitcointalk.org/index.php?topic=578192.0

[Keyboard-Mash]

When out of the trading platform？

Yes, Smooth has been running a very trustworthy OTC forum exchange that I highly recommend. If you check his trust ratings, you will see a comment from me for how much BTC he held in escrow for me.

[yshuifejng]

I accidentally browse to this thread, found a very attractive item. wow..., what a coincidence, today just also released wallet, I want to download.

[Buratino]

I decided to tidy up bitmonero GitHub rep tonight, so now there is all valuable things from latest BCN commits & Win32. Faster hash from quazarcoin is also there. So BMR rep is the freshest one.

You may check it: https://github.com/bitmonero-project/bitmonero

Latest update of binaries are available at www.bitmonero.org now.
Win64
Win32
Ubuntu
MacOS

I'm working on another good feature now, so stay tuned.

How can we understand this?
BMR is revamped as individual coin? I think we don't need two the same coins.
Site http://bitmonero.org/ lives now and there is a new binaries. Seems thankful_for_today is working very actively.
What does it mean?
Is it unable to reach agreement between thankful_for_today and Monero core team?
Please clarify the situation.

[Keyboard-Mash]

I accidentally browse to this thread, found a very attractive item. wow..., what a coincidence, today just also released wallet, I want to download.

Awesome! Welcome! I hope you enjoy your time in this thread

It means a lot to have new people come in.

When you have everything downloaded and ready to go, feel free to send me a PM with your wallet address. I will send you 2 MRO.

The same goes for up to the first five people per day reading this who would like to send me a message. I'll do this for the next 7 days.

[Keyboard-Mash]

What does it mean?
Is it unable to reach agreement between Thankful_fot_Today and Monero core team?
Please clarify the situation.

I'm unaware of TFT's intentions. I do know that I chose to trust the binaries only in the OP of this thread, and any other link that surfaces there.

I'm comfortable not knowing the answer to your question, but hope people continue to file into this thread as there seems to be many great folks here.

Actually, I'd like to quote Gavin Anderson here:

1) Can it possibly work (do the ideas for how it works make sense)?
2) Is it a scam?
3) If it is not a scam, could it open my computer up to viruses/trojans if I run it?

I answered those questions by:

1) Reading and understanding Satoshi's whitepaper.  Then thinking about it for a day or two and reading it again.
2) Finding out everything I could about the project.  I read every forum thread here (there were probably under a hundred threads back then) and read Satoshi's initial postings on the crypto mailing list.
3) Downloaded and skimmed the source code to see if it looked vulnerable to buffer overflow or other remotely exploitable attacks.

If I were going to experiment with an alternative block-chain, I'd go through the same process again. But I'm an old conservative fuddy-duddy.

I'm sure, if you need to have your question answered it can be done by following those steps.

[randomlygenerated]

I accidentally browse to this thread, found a very attractive item. wow..., what a coincidence, today just also released wallet, I want to download.

Awesome! Welcome! I hope you enjoy your time in this thread

It means a lot to have new people come in.

When you have everything downloaded and ready to go, feel free to send me a PM with your wallet address. I will send you 2 MRO.

The same goes for up to the first five people per day reading this who would like to send me a message. I'll do this for the next 7 days.

Just want to say thanks to Keyboard-Mash for my first Monero transaction - definitely a good guy here! Look forward to being part of this community with you all as the coin grows.

[Sy]

I decided to tidy up bitmonero GitHub rep tonight, so now there is all valuable things from latest BCN commits & Win32. Faster hash from quazarcoin is also there. So BMR rep is the freshest one.

You may check it: https://github.com/bitmonero-project/bitmonero

Latest update of binaries are available at www.bitmonero.org now.
Win64
Win32
Ubuntu
MacOS

I'm working on another good feature now, so stay tuned.

Hashrate went from 24 to 12... i7-4770k @4GHz, 7 threads, win8.1 x64

Switching back to 0.8.5 for now

[alphacenturion]

Can anyone point me to a guide to compile monero wallet on osx?

[David Latapie]

What was the command line to upgrade the linux version ?

http://monero.cc/blog/security-announcement-update/

[David Latapie]

This coin sounds pretty cool.
Can someone explain ring signatures to me?

Thanks

eizh made quite an interesting answer on reddit:

http://www.reddit.com/r/Monero/comments/24u04w/how_does_this_compare_to_other_anonymous_and/

I wrote a bit about this in the main post on bitcointalk. Reproduced below. It's mildly technical. If you have questions just ask here and I'll answer.
Ring signatures originate from the work of Rivest et al. in 2001 and the implementation in CryptoNote relies in particular on Fujisaki and Suzuki's work on traceable ring signatures. There are two other anonymity implementations currently available or in development. One is ZeroCoin/ZeroCash's use of zero-knowledge proofs. The others are based on gmaxwell's CoinJoin idea (such as mixing services for Bitcoin or the altcoin DarkCoin).
You can read about zero-knowledge proofs here. This is research-level cryptography that hasn't been subjected to years of cryptanalysis, so exploits may emerge down the road. Other issues include the RSA private key used to initiate the accumulator, which must be trusted to be destroyed by the generating party. It also obscures the entire economy, not just sender/receiver identities. This can be problematic if there are bugs that lead to inflation or manipulation because the damage is hidden from everybody.
MRO is more qualitatively similar to mixing implementations like CoinJoin. The differences arise in the departure from the Bitcoin protocol, which allows MRO to use new cryptography to provide decentralized and trustless mixing. The critical problem with mixing services is the need to trust the operators. As an example, blockchain.info's mixer gives the following disclaimer: "However if the server was compromised or under subpoena it could be force to keep logs. If this were to happen although you haven't gained any privacy you haven't lost any either."
The CoinJoin-inspired DarkCoin performs mixing with selected "masternodes" since it still uses ordinary signatures that can be mapped one-to-one. This is an improvement over a more centralized mixing service since a randomly-selected node is less likely to exhibit bad faith (such as keeping logs). However, this approach still relies on the health and good behavior of the nodes, which MRO's more fundamental approach is not vulnerable to.
MRO's ring signatures are also vastly more secure and convenient than CoinJoin because they mix outputs not transactions. This means a transaction doesn't involve waiting around to mix with others. Nor is a user restricted to mixing only if others are spending exactly the same amount. Arbitrary amounts can be sent at any time without the participation of others. This feature makes a timing analysis of the blockchain useless for mapping identities. The degree of anonymity is also a choice rather than decided by the protocol: do you want to be hidden as one among five or one among fifty? The size of the signature grows linearly with the ambiguity so greater anonymity is paid for with higher fees to miners.

Also see the ANN

How does this compare to other anonymous solutions?

Ring signatures originate from the work of Rivest et al. in 2001 and the implementation in CryptoNote relies in particular on Fujisaki and Suzuki's work on traceable ring signatures. There are two other anonymity implementations currently available or in development. One is ZeroCoin/ZeroCash's use of zero-knowledge proofs. The others are based on gmaxwell's CoinJoin idea (such as mixing services for Bitcoin or the altcoin DarkCoin).

You can read about zero-knowledge proofs here. This is research-level cryptography that hasn't been subjected to years of cryptanalysis, so exploits may emerge down the road. Other issues include the RSA private key used to initiate the accumulator, which must be trusted to be destroyed by the generating party. It also obscures the entire economy, not just sender/receiver identities. This can be problematic if there are bugs or exploits that lead to inflation or manipulation because the damage is hidden from everybody.

MRO is more qualitatively similar to mixing implementations like CoinJoin. The differences arise in the departure from the Bitcoin protocol, which allows MRO to use new cryptography to provide decentralized and trustless mixing. The critical problem with mixing services is the need to trust the operators. As an example, blockchain.info's mixer gives the following disclaimer: "However if the server was compromised or under subpoena it could be force to keep logs. If this were to happen although you haven't gained any privacy you haven't lost any either."

The CoinJoin-inspired DarkCoin performs mixing with selected "masternodes" since it still uses ordinary signatures that can be mapped one-to-one. This is an improvement over a more centralized mixing service since a randomly-selected node is less likely to exhibit bad faith (such as keeping logs). However, this approach still relies on the health and good behavior of the nodes, which MRO's more fundamental approach is not vulnerable to.

MRO's ring signatures are also far more secure and convenient than CoinJoin because they mix outputs not transactions. This means a transaction doesn't involve waiting around for other senders to mix with. Nor is a user restricted to mixing only if others are sending the same amount. Arbitrary amounts can be sent at any time without anyone else's participation. This feature makes a timing analysis of the blockchain useless for mapping identities. The degree of anonymity is also a choice rather than decided by the protocol: do you want to be hidden as one among five or one among fifty? The size of the signature grows linearly as O(n+1) with the ambiguity so greater anonymity is paid for with higher fees to miners.

[David Latapie]

I accidentally browse to this thread, found a very attractive item. wow..., what a coincidence, today just also released wallet, I want to download.

If you have Ubuntu, this is fairly easy http://monero.cc/getting-started/#debian-based-linux

[David Latapie]

I accidentally browse to this thread, found a very attractive item. wow..., what a coincidence, today just also released wallet, I want to download.

If you have Ubuntu, this is fairly easy http://monero.cc/getting-started/#debian-based-linux

Depends on your version, can't compile it on my ubuntu server since it uses lboost-atomic which isn't available in 1.53

The script is supposed to make a manual install, not to use apt-get. Could you confirm you actually ran the oneliner and it did not work? In that case, I would ask Quanttek to try to improve his own script (the oneliner calls upon a script).

[fluffypony]

Do we need to copy/store the key displayed during the new wallet creation or is all that information contained in the .keys files?

thnx  

It's all in the keys file. You need to backup the .bin *and* the .keys file, as the two rely on each other if you're restoring from a backup.

EDIT: this seemed to be the case when we were trying to restore a deleted wallet when someone ran "make clean" before the warning was added. In testing now I see you can just backup the .keys file, in which case your restore would go like this:

Code:

root@fp-n:~/tmp# cp main.bin.keys test.bin.keys
root@fp-n:~/tmp# ./simplewallet
bitmonero wallet v0.8.6.295()
Specify wallet file name (e.g., wallet.bin). If the wallet doesn't exist, it will be created.
Wallet file name: test.bin
password: *********
Opened wallet: XXXXX
Starting refresh...

We didn't make the connection during our restore attempts as we restored the .bin file before restoring the .keys file.

[tacotime]

Do we need to copy/store the key displayed during the new wallet creation or is all that information contained in the .keys files?

thnx   

Keys file contains the seed keys for identifying pubkeys and recovering privkeys. The other binary file contains a list of recovered keys that exist in the block chain. Backup both, but the most important is the keys file.

[Quanttek]

I accidentally browse to this thread, found a very attractive item. wow..., what a coincidence, today just also released wallet, I want to download.

If you have Ubuntu, this is fairly easy http://monero.cc/getting-started/#debian-based-linux

Depends on your version, can't compile it on my ubuntu server since it uses lboost-atomic which isn't available in 1.53

Could you please provide some additional information? What means it? Did the script required it(which I doubt) or wasn't atomic installed by the script?

Could you retry pls. The script only sets everything up for a boost installation, which should install atomic