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

[giveBTCpls]

Why the heck is MRO cheaper than DRK?

DRK is older, has a cool logo, has a big community... basically hype.
It's a matter of time MRO surpases DRK as the to-go anonymous currency because it's technically better, be in a month or a in a year. Working with i2p is huge news, most whales are clueless about actual technology so it will take time for the money to flow into the MRO economy.

[wizzardTim]

Thank you all for the answers. In time people will realise MRO is so much more than DRK.

[fluffypony]

Yes - but remember: 1 address = 1 wallet. They'd have to manually balance funds between wallets for withdrawals etc. It could be done, but it would be massively inefficient and a PITA to code up. Payment IDs are the easiest / best way.

It is pretty common in bitcoin world to sweep payment wallets into master wallets (some in cold storage) anyway, so this is not necessarily a show stopper.

I'd like to see the payment IDs removed from the block chain eventually and replaced with something else. That could be a payment protocol (i.e. off blockchain) or some other approach. I don't know that address-per-customer or address-per-transaction is necessarily the way to go with MRO but it isn't on its face unworkable.

In any case it works for now. Once we have GUI wallets the UI issues should be reduced.

Yeah - it definitely needs a bit of thought as to what can be done in future. Multiple addresses seem a less elegant solution given the untraceable nature of transactions, but the current payment IDs aren't amazing either.

[Whylolzz]

Hey guys,

I authorized a withdrawal from an exchange site to the GUI wallet (CryptoNoteWallet.exe). I used the address provided under the 'wallet' tab but I still have not received anything and it has been over 24 hours (the exchange has already approved of the withdrawal). The status is ready so it's synced. How could the money just disappear like that? Please help. 

[fluffypony]

So if all thats required to authenticate your deposit into some exchange wallet is the publicly available tx ID, arent we just waiting for some scammers to claim deposits that never happened?

If a sender/buyer/exchanger doesnt send his/her MRO to your address but claims to have done it, then there is no recourse right? Any way to get around this?

You would have to reveal your 1-time private and public keys for that transaction. We are looking at tooling for this later on, but right now the exchanges wouldn't even know how to verify it if you gave them the data. Nonetheless, between the core team and monerochain.info we would be able to verify and prove the validity of a transaction, so even before that tooling exists it's unlikely anyone is going to be able to run that sort of scam. Plus it's unlikely an exchange would go "well, our balance syncs up with what we're expecting, so it's unlikely the transaction occurred...I guess we'll just conjure the Monero up out of thin air and credit this guy's balance", so scammers would have nothing to gain.

[fluffypony]

Hey guys,

I authorized a withdrawal from an exchange site to the GUI wallet (CryptoNoteWallet.exe). I used the address provided under the 'wallet' tab but I still have not received anything and it has been over 24 hours (the exchange has already approved of the withdrawal). The status is ready so it's synced. How could the money just disappear like that? Please help. 

Your best bet is to check with the specific exchange that it has gone through and there wasn't a problem with it.

[devphp]

Hey guys,

I authorized a withdrawal from an exchange site to the GUI wallet (CryptoNoteWallet.exe). I used the address provided under the 'wallet' tab but I still have not received anything and it has been over 24 hours (the exchange has already approved of the withdrawal). The status is ready so it's synced. How could the money just disappear like that? Please help. 

The exchange provides the tx hash, which you can look up in the blockchain explorer.

[mr_random]

Why the heck is MRO cheaper than DRK?

Too many coins get produced per day to sustain a high price. Until the market interest is higher I don't see the down trend stopping.

[Whylolzz]

Hey guys,

I authorized a withdrawal from an exchange site to the GUI wallet (CryptoNoteWallet.exe). I used the address provided under the 'wallet' tab but I still have not received anything and it has been over 24 hours (the exchange has already approved of the withdrawal). The status is ready so it's synced. How could the money just disappear like that? Please help. 

The exchange provides the tx hash, which you can look up in the blockchain explorer.

I used cryptonote-exchange. Is this something I have to ask the support in order to obtain the tx hash?

[Ivan166]

Russian thread updated. It has been exceeded limit of words quantity, so I have been forced to move FAQ section into separate post and have made reference to that.

[aeiry82]

it's cus people are cloud mining monero and dumping it just chill they can only push it down to the point where it is not profitable...which i think happened in the low 20's. price seems to be coming back up just fine.

The price can very well fall below the 20's. If this should be the price where MRO cannot be mined with profit any more, the miners will abandon mining MRO and the net hash rate will drop, too.

[godwits]

Wonder when Monero dev's will make a wallet more easier to use. For the general mass, this wallet is terrible.

Should be as easy as one click to open.

[GreekBitcoin]

Wonder when Monero dev's will make a wallet more easier to use. For the general mass, this wallet is terrible.

Should be as easy as one click to open.

This coin is not a bitcoin clone and  it isnt that easy to create a wallet. However its not that difficult to use current wallet. Its like 2-3 strings you need to know...If masses want to invest on crypto should already how to do a few things...

that being said devs are working on that and there is a quite big bounty for a complete wallet...

[followtheboss]

+1 for a nice GUI wallet

It's would be so good for acceptation of Monero

cheers

[devphp]

Will the GUI wallet be open source? Won't competitors just copy it?

[dga]

Will the GUI wallet be open source? Won't competitors just copy it?

Competitors copying bitcoin-qt has not hurt bitcoin.

The value in an altcoin comes from its perceived future utility.  The fact that the development in CN is coming from MRO is good for MRO, even if other coins copy the software that results from it.

[GreekBitcoin]

Will the GUI wallet be open source? Won't competitors just copy it?

Competitors might copy it as they copy anything else. But that doesnt mean anything. Why would anyone choose competitors that only copy MRO? They will always lag in updating and copying stuff from MRO and will probably have nothing new to offer. If they have something better MRO can also copy it. Right now most development on CN coins is being done for MRO...

[devphp]

Bitcoin was a few years before others.
Most competitors of MRO were all born +/- a few days.

[GreekBitcoin]

Bitcoin was a few years before others.
Most competitors of MRO were all born +/- a few days.

and what did the bring with them? Only boolberry seems to have innovation.

[devphp]

and what did the bring with them? Only boolberry seems to have innovation.

In this days and age maketing is more than 50% of success, don't forget that please. I am all for the most technically advanced coin with the best team behind it to win the race, but we all know how real life works. Besides competitors have the inflation advantage.