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

[fluffypony]

Hey guys, can someone explain me like I am five the differences between Bytecoin and Monero?

You can read my exhaustive post on the topic here: https://bitcointalk.org/index.php?topic=583449.msg6850085#msg6850085

[16888253]

Most people is talk about technology in this thread..Nobody care about what's the price with MRO
Just like DRK been there before..
potential stock!!

[kenboy]

a good cpu coin,but as we know,most of cpu coin that became gpu coin lastly,wish this coin not

[Keyboard-Mash]

The entire point of an anonymous currency is that you're mixing with the world helping break any linkage between coin movements. I can assure you they never intended to keep themselves closed forever, just long enough to build up their stacks.

I don't share the idea that these people which have provided so much to us are really evil. We have speculated that they wanted to screw us over, but that doesn't matter. They didn't make the thread here, DStrange did. I have read every single post in that thread, every single post in the cryptonote forum, the entire bytecoin.org page as well as every single hidden site they've given us, and took part in trying to solve every puzzle they put out.

I don't think this is a malicious group of people we're dealing with, and it doesn't matter. We have forced everything on them by putting them in the spotlight and praying for the worst. None of us had to add them to an exchange, or anything at all. In fact it's been repeated numerous times by both websites that it's a small community that wants to be left alone. The fact they don't communicate with any of us besides DStrange ever clearly means they want nothing to do with us. There was even an image of what they consider .001 bytecoin to be worth -- .1 BTC. We will never agree with that, but they have their own economy so it's time to leave it alone.

They want nothing to do with us, so we've moved on to Monero. I'm ready to move on, and they're welcome here if they ever decide not to be exclusive ... I just wish everyone else was ready to move on too. I'm tired of seeing it come up day after day.

[drawingthesun]

No worries.

I'll stop bringing it up.

[fluffypony]

a good cpu coin,but as we know,most of cpu coin that became gpu coin lastly,wish this coin not

Read the CryptoNote whitepaper - this coin is not claiming to be CPU only. Specifically: the PoW algorithm is not GPU / ASIC averse (a practical impossibility), it merely retards efficiency to the point where the gap between CPU and GPU miners (and, later on, the gap between GPU and ASIC miners) is so vastly reduced that GPU mining may not make much sense, and it may go straight from a CPU/GPU mix straight to ASICs. Either way, CPU mining will be relevant for a longer time than they were with SHA-256 or scrypt coins, and GPU miners will have to get used to not having the edge they normally have.

But hey, it's early days, maybe cbuchner1 will add CryptoNight to ccminer and blow us away with some algorithm cleverness:)

[sdersdf2]

Wow guys, what's up with all the hate?

Simple: it's because there's real money at stake. No one would care otherwise.

[twistelaar]

Is this coin already launched? How many is it worth? where can I get it ?

[illodin]

[1] Remember gmaxwell is talking about CryptoNote based technologies here, this includes Monero. Also I believe gmaxwell devised CoinJoin. If he says this then any argument Darkcoin fans have is now 100% void.

Except that darksend is coinjoin^2 or coinjoin on steroids; it's decentralized and trustless. And I'm not even mentioning the improvements on the roadmap. Centralized coinjoin requiring you to trust your coins to a 3rd party (what is possible with bitcoin) is not that great these days anymore.

Are you saying you did not know this? If you didn't, I wouldn't give any weight on any arguments coming from you. But if you did, then you're just trolling and the same applies.

[sammy007]

Is this coin already launched? How many is it worth? where can I get it ?

Wow. Yes, it launched, it worth 1.55 USD, you can get in on poloniex.

[AlexGR]

I'm not really sure about the Darknote defenders, it's a fact of life that new technology comes out often decimating the old.

This is that time.

Bytecoin could of had it sure, but greed ruined them, greed unravels all.

Monero's based on a technology that makes Darkcoin look like a toy, even the creator of CoinJoin (the tech Darkcoin is based on) has admitted this CryptoNote tech is far stronger than CoinJoin and works. [1]

The creator of the fundamental tech of Darkcoin admits the tech in Monero is superior.

I am unsure why there is even an argument in favour of Darkcoin at this point, except it's got great "pumping" power.

Yeah, let us build a future on top of it's ability to pump and pump.

Give me a break.

=>

Both Darkcoin and Bytecoin need work to become totally anonymous.

CryptoNote / Monero et al

CryptoNote's one-time ring signature as a way of obfuscating who is the payer (the spender), is optional and can only be used when there are other payees who have matching input amounts. In other words, it can't do any obfuscation for you on spending unless there are other coins that have the same balance as yours.

That very infrequent opportunity for use is coupled with constant use of elliptical curve cryptography which is known to be broken under quantum computing, as well is suspect to broken by the NSA[1] or could be broken since it is number theoretic public key cryptography.

And the use of one-time ring signatures mucks up the pruning of the block chain of spent addresses. There is a tweak to improve this over the current CryptoNote (one of the tweaks I alluded to upthread).

Bottom line is most of your anonymity will come from obfuscating your IP address with something more reliable than Tor and I2P, not from the block chain mixing of CryptoNote or Zerocash/coin, i.e. if your IP is correlated to your identity, then the one-time ring signature doesn't obscure your identity when you spend.

The case where the one-time ring signature is really useful is a transaction with multiple inputs wherein the spender is merging his coins, thus enabling tracing of those coins to the same entity (the current spender). And it is very unfortunate the one-time ring signature is optional in this case, because it is the identity of the upchain spenders who suffer from this action by the current spender, thus the motivation is not there.

So we can see as it is currently structured, CryptoNote doesn't really support anonymity much.

Sorry to blow holes in your enthusiasm. Reality sucks if you haven't taken the time to do some serious work before launching.

Note that the use of a separate payee address for each transaction is a very useful strategy. This is a positive aspect of CryptoNote that adds anonymity, but again it is not so effective without reliable IP obfuscation, as the payee will reveal himself on spending.

...competition is good. We'll get the best bang for our buck if bcn and drk devs make the best anon coin available.

[stompix]

Most people is talk about technology in this thread..Nobody care about what's the price with MRO
Just like DRK been there before..
potential stock!!

This is why the thread is interesting.
Talking only about prices makes you think only speculators are interested and present in a thread and you can suspect heavy manipulation of the coin at any time or rats fleeing the boat.

While I don't have that many coins (not enough funds on the exchange right now) I'm waiting to see how things evolve around here to maybe increase my stash.

Just to confirm , poloniex only?

[Coindacioius]

MRO is blatantly undervalued right now.

Look how un-innovative some of these coins are that have higher market caps:

http://coinmarketcap.com/#BTC


Monero is much more innovative than megacoin, zetacoin, feathercoin, quark, vertcoin, and blackcoin.

[fluffypony]

Most people is talk about technology in this thread..Nobody care about what's the price with MRO
Just like DRK been there before..
potential stock!!

This is why the thread is interesting.
Talking only about prices makes you think only speculators are interested and present in a thread and you can suspect heavy manipulation of the coin at any time or rats fleeing the boat.

While I don't have that many coins (not enough funds on the exchange right now) I'm waiting to see how things evolve around here to maybe increase my stash.

Just to confirm , poloniex only?

On 3 exchanges atm:

https://poloniex.com/exchange/btc_mro
http://cryptonote.exchange.to/
https://www.swaphole.com/#!market/MRO/BTC

[darlidada]

Zerocash will be announced soon (May 18 in Oakland? but open source may not be ready then?).

Here is a synopsis of the tradeoffs compared to CyptoNote:

1. Zerocash hides everything, even the money supply so if the master key was compromised or if the highly complex bleeding edge crypto is cracked, no one will know.

2. They will claim to generate the master key at a ceremony or devise a way to compute in parts, but nothing they can do will insure it isn't compromised. CPUs even have special firmware that allows the NSA to reprogram them remotely, and even computation can be intercepted wireless with RF signals. Whereas we have to place all trust in a single party with Zerocash, with CN the trusted parties are changing on each transaction. Compromising the master key doesn't compromise the anonymity, but does compromise the money supply which could be expanded invisibly. Cracking the highly complex bleeding edge crypto which has not been sufficiently vetted over years, could compromise the anonymity ex post facto (it is all on the block chain).

3. Both CN and Zerocash use a form of cryptography which is not immune to quantum computation attack, if that becomes a reality in the future.

4. Zerocash transactions add up to 3 minutes of additional transaction delay which is much worse than Zerocoin. Zerocash (full node computation and block chain) resource requirements are centralizing but much improved over Zerocoin.

5. Zerocash hides everything so it is not necessary to obscure your IP address.



Thus on balance I prefer CN, but I like to see it altered to use a quantum computer resistant algorithm. And then we need to add IP address obfuscation as well that is superior to Tor and I2P.

Darkcoin (CoinJoin innovation) is really not at the level of the two above. You can review my comments in the Darkcoin thread to see why.

@Alex, I dont know what you have quoted, but the message i just quoted was what AnonyMint REAlLLY said.

Lets hear it again:

Thus on balance I prefer CN, but I like to see it altered to use a quantum computer resistant algorithm. And then we need to add IP address obfuscation as well that is superior to Tor and I2P.

[dreamspark]

MRO is blatantly undervalued right now.

Look how un-innovative some of these coins are that have higher market caps:

http://coinmarketcap.com/#BTC


Monero is much more innovative than megacoin, zetacoin, feathercoin, quark, vertcoin, and blackcoin.

I agree its undervalued, one of the best things I believe with MRO is that its taken of fairly soon after release. That means a lot of peopel know about it before a large proportion of coins are mined, this gives more people a change to get some.

With the easy miner its even simpler to start mining.

[prophetx]

when using cryptonote miner how does one access the wallet address which the miner auto creates??

[AlexGR]

Lets hear it again:

Thus on balance I prefer CN, but I like to see it altered to use a quantum computer resistant algorithm. And then we need to add IP address obfuscation as well that is superior to Tor and I2P.

CN must take the steps necessary to upgrade itself and so must DRK. Having no serious anonymity without IP obfuscation or being able to be broken through a Quantum Computer is not funny. Scaleability issues must also be solved, both in blockchain size and cpu power required to verify stuff.

The question is: Can MRO do these things?

[MarcusCisero45]

Finally got my fx-8320 and am getting around 200H/s. Way better than the 40 I was getting with my phenom x4 840. Hopefully it helps me pay off the new processor now haha!

Please educate me.  What is the power consumption of this 200H/s rig?

Thanks.

The fx-8320 is a 125w 4 physical, 8 logical processor. I was getting 205H/s solo mining. I was only getting 40H/s on a phenom x4 95w.

I don't understand how you are getting so high values. I have a top of the line i7 and I'm only getting 36H/s. Maybe AMD works better on this coin for some reason?

[superresistant]

Finally got my fx-8320 and am getting around 200H/s. Way better than the 40 I was getting with my phenom x4 840. Hopefully it helps me pay off the new processor now haha!

Please educate me.  What is the power consumption of this 200H/s rig?
Thanks.

The fx-8320 is a 125w 4 physical, 8 logical processor. I was getting 205H/s solo mining. I was only getting 40H/s on a phenom x4 95w.

I don't understand how you are getting so high values. I have a top of the line i7 and I'm only getting 36H/s. Maybe AMD works better on this coin for some reason?

fx-8320 performance are better than i7 so it has a better hashing.
Why such a difference ? IDK