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

[luckygenough56]

what the current block reward appromarively ? It's kind of foggy to me with that math formula...

[Zosergag]

Apparently all those who were unhappy with this coin gone minig Quazar coin

[forevernoob]

So if I understand this correctly you cannot compile the Linux source because of the security issues?

[BoscoMurray]

what the current block reward appromarively ? It's kind of foggy to me with that math formula...

17.x coins per block

[digitalindustry]

I have asked about the bloat on the chain before, and the consensus was that with the visible competition enforcing a 10% tax on mining to afford some privacy, then the storage space used to hold the blockchain would be a much less cost. I would like to know much more about this though, because the blockchain is noticeably larger in this protocol by a lot.

The issue is not only the cost of the storage. There is the download speed also. And other complex factors. A tax is probably also going to have Tragedy of the Commons effects, as I explained in my numerous discussions of why transaction fees will never work for Bitcoin in the long-run. There are other articles out now about these by others. Such discussion will take us off on tangents I don't feel like having right now.

Someone from your group private messaged me and ask I provide references.

Here is the recent article I was referring to:

http://radar.oreilly.com/2014/04/bitcoin-what-happens-when-the-miners-pack-up-their-gear.html

I raised similar issues last year as follows.

Transactions Withholding Attack

"Spiraling Transaction Fees Destruction" of bitcoin (Transactions fees are a Tragedy of the Commons)

I've been trying to raise awareness of this issue. The typical response seems to be, "when Bitcoin addresses the problem, so will we." To me this means it will never be addressed.  The obvious solution is to perpetually increase the money supply, always rewarding miners with new coins.

Tacotime mentioned a hard fork proposal to never let the block reward drop below 1 coin:

Code:

if (blockReward < 1){
blockReward = 1;
}

I assume this is merely delaying the problem, however. I proposed a fixed annual debasement (say 2%) with a tx fee cap of like 0.001% of the current block reward (or whatever sounds reasonable). That way we still get the spam protection without worrying about fee escalation down the road.

Any solution involving debasement, however, will be met with harsh criticism, because "inflation is bad" and stuff.

the simple EQ reward was a economic revolution in Crypto, not mathematics..

[digitalindustry]

by the way like the ideas here, looks interesting - the Anon aspect is way over played in my opinion , when i say that i think:

1.people don't care (anyone done a poll here?)

2. there are other economic and political factors that weigh in that actually degrade the idea but i won't go into them.



but the new PoW looks interesting. read the white paper.


great to see the small spark of innovation on this forum rare indeed these days., after all that's what it for?

[Katherine Uyue]

Great job MRO Team! your hard work is reflected in the recent price hike. Keep up the good

work!

[MadridReal]

Apparently all those who were unhappy with this coin gone minig Quazar coin

right decision! I also want to understand deeply what are Quazar coin like

[GreekBitcoin]

by the way like the ideas here, looks interesting - the Anon aspect is way over played in my opinion , when i say that i think:

1.people don't care (anyone done a poll here?)

2. there are other economic and political factors that weigh in that actually degrade the idea but i won't go into them.



but the new PoW looks interesting. read the white paper.


great to see the small spark of innovation on this forum rare indeed these days., after all that's what it for?

I believe that people DO care for anonymity. Especially these times when goverments seem to be against cryptos and talk about taxes... And now that deep web services are under attack...

[seek4dream]

I am newbie about this, it is quite different from other wallets.
Can someone walk me through the wallet set up?  step by step please
I just downloaded from https://mega.co.nz/#!LZIGlI7Z!poO1z7XIFIYkMLLH9Y82Uo055Ov-IgEVVdrItHR5h78
double click simplewallet.exe
it ask me about " wallet file name"
what should I do? Thanks,

[dreamspark]

I am newbie about this, it is quite different from other wallets.
Can someone walk me through the wallet set up?  step by step please
I just downloaded from https://mega.co.nz/#!LZIGlI7Z!poO1z7XIFIYkMLLH9Y82Uo055Ov-IgEVVdrItHR5h78
double click simplewallet.exe
it ask me about " wallet file name"
what should I do? Thanks,

You want to start it with the batch file.

Basically open a notepad document and copy and paste this into it :

@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.
)





Then click save as.

Save it in the same folder you have simplewallet.exe etc but save it as a .bat.

eg. start.bat

You should then be able to double click that batch file and it will open the wallet and ask for a password. Enter this and remember it and your done.

[seek4dream]

I am newbie about this, it is quite different from other wallets.
Can someone walk me through the wallet set up?  step by step please
I just downloaded from https://mega.co.nz/#!LZIGlI7Z!poO1z7XIFIYkMLLH9Y82Uo055Ov-IgEVVdrItHR5h78
double click simplewallet.exe
it ask me about " wallet file name"
what should I do? Thanks,

You want to start it with the batch file.

Basically open a notepad document and copy and paste this into it :

@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.
)





Then click save as.

Save it in the same folder you have simplewallet.exe etc but save it as a .bat.

eg. start.bat

You should then be able to double click that batch file and it will open the wallet and ask for a password. Enter this and remember it and your done.

Ok, It worked.
When I enter refresh, it says refresh failed, daemon is busy.
What should I do?

[GreekBitcoin]

I am newbie about this, it is quite different from other wallets.
Can someone walk me through the wallet set up?  step by step please
I just downloaded from https://mega.co.nz/#!LZIGlI7Z!poO1z7XIFIYkMLLH9Y82Uo055Ov-IgEVVdrItHR5h78
double click simplewallet.exe
it ask me about " wallet file name"
what should I do? Thanks,

You want to start it with the batch file.

Basically open a notepad document and copy and paste this into it :

@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.
)





Then click save as.

Save it in the same folder you have simplewallet.exe etc but save it as a .bat.

eg. start.bat

You should then be able to double click that batch file and it will open the wallet and ask for a password. Enter this and remember it and your done.

Ok, It worked.
When I enter refresh, it says refresh failed, daemon is busy.
What should I do?

when your deamon has synced, type save to store the blockchain, then refresh in the wallet should work

[Ivan166]

Ok, It worked.
When I enter refresh, it says refresh failed, daemon is busy.
What should I do?

Wait for blockchain sync a little bit. Size of blockchain.bin is 118M.
Or you can download recent blockchain.bin on the OP and make it faster.

[seek4dream]

Ok, It worked.
When I enter refresh, it says refresh failed, daemon is busy.
What should I do?

Wait for blockchain sync a little bit. Size of blockchain.bin is 118M.
Or you can download recent blockchain.bin on the OP and make it faster.

How do i know it finished syncing?
And how can I copy my wallet address?

[Ivan166]

Ok, It worked.
When I enter refresh, it says refresh failed, daemon is busy.
What should I do?

Wait for blockchain sync a little bit. Size of blockchain.bin is 118M.
Or you can download recent blockchain.bin on the OP and make it faster.

How do i know it finished syncing?
And how can I copy my wallet address?

If 'refresh' command is working and returning actual balance then you are synced.
Your wallet address is located in wallet.bin.address.txt file.

[zeetak]

You know how I know this coin will go places? Compared to all the new altcoin drivel out there, this one is:

   a) based upon a non-bitcoin codebase
   b) using a completely foreign mining system that encourages users to try and optimize for efficiency
   c) a code structure so different that no other exchange except https://cryptonote.exchange.to has actually been able to get the coin up for trading
   d) has an irregularly high amount of hero members actively contributing to this thread

I've been mining it all night (after reading about it last night) and I still haven't hit a block. Oh well, I will keep trying. In the meantime, I think I may buy a few on the exchange.

[emontmon]

I am newbie about this, it is quite different from other wallets.
Can someone walk me through the wallet set up?  step by step please
I just downloaded from https://mega.co.nz/#!LZIGlI7Z!poO1z7XIFIYkMLLH9Y82Uo055Ov-IgEVVdrItHR5h78
double click simplewallet.exe
it ask me about " wallet file name"
what should I do? Thanks,

You want to start it with the batch file.

Basically open a notepad document and copy and paste this into it :

@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.
)



Then click save as.

Save it in the same folder you have simplewallet.exe etc but save it as a .bat.

eg. start.bat

You should then be able to double click that batch file and it will open the wallet and ask for a password. Enter this and remember it and your done.

to devs/moderators

can this batch be included in the dropbox download.
can you copy paste the readme file from bytecoin

[emontmon]

You know how I know this coin will go places? Compared to all the new altcoin drivel out there, this one is:

   a) based upon a non-bitcoin codebase
   b) using a completely foreign mining system that encourages users to try and optimize for efficiency
   c) a code structure so different that no other exchange except https://cryptonote.exchange.to has actually been able to get the coin up for trading
   d) has an irregularly high amount of hero members actively contributing to this thread

I've been mining it all night (after reading about it last night) and I still haven't hit a block. Oh well, I will keep trying. In the meantime, I think I may buy a few on the exchange.

its now taking me 1 week to find a block at a 28 h. smooth says be patient and he is right. We live in a modern world however, and we pace infront of the microwave so, we are exercising attributes not stressed in modern society.

[GreekBitcoin]

I am newbie about this, it is quite different from other wallets.
Can someone walk me through the wallet set up?  step by step please
I just downloaded from https://mega.co.nz/#!LZIGlI7Z!poO1z7XIFIYkMLLH9Y82Uo055Ov-IgEVVdrItHR5h78
double click simplewallet.exe
it ask me about " wallet file name"
what should I do? Thanks,

You want to start it with the batch file.

Basically open a notepad document and copy and paste this into it :

@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.
)



Then click save as.

Save it in the same folder you have simplewallet.exe etc but save it as a .bat.

eg. start.bat

You should then be able to double click that batch file and it will open the wallet and ask for a password. Enter this and remember it and your done.

to devs/moderators

can this batch be included in the dropbox download.
can you copy paste the readme file from bytecoin

yeah i also asked for this to be added