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

[zechiel]

Guys.
Guys, moneropool.com is hashing at 56% of the network.

Stop mining at moneropool.com!

At the moment it would be just as secure (and better for the environment) if we forgot about all that proof-of-work thing and let the pool owner just sign the damn blocks directly...

[Keyboard-Mash]

Exchange adoption should be based on merit of the coin.  Paying for inclusion is shady at best.

I totally agree, in a perfect world, adoption should be based on merit.

In this world, that would be called favoritism and easily lead to bribery and accusations of shadiness anyways.

I can't expect an exchange to become a part of every single coin community (over 600 now) and then figure out the merits for themselves. That's selfish .. especially when they have an exchange to run. In order to keep a relatively impartial stance on favorites, they have given us the chance to prove ourselves. How are they wrong for that?

There's no way an exchange could figure out all the merits of a coin correctly in only a day. That takes time. When you're dealing with over 600 coins, that just too much time. I couldn't ask them to spend weeks in our thread watching our community and merits develop .. they just don't have the resources for that. I wish they did, but voting is what we have .. and I can't say they're wrong for doing it.

It's not a big deal though, soon enough we'll be on Mintpal and I'm excited to trade there again .. been messing around with Poloniex so long that I forgot how much I liked Mintpal

[surfer43]

Stop worrying about Mintpal, let's get BTC-e to add it! 

[David Latapie]

There's no way an exchange could figure out all the merits of a coin correctly in only a day.

What about pure voting, without bribery?
Plus, one coin over two at mintpal is based on mintpal's choice. They implemented it hours after I mentionned an interesting coin (of which I don't even remember the name now, so it must not have been that interesting). That was back in first part of February when Mintpal was still young and unknown, before even the MINT pump.

[celestio]

Stop worrying about Mintpal, let's get BTC-e to add it! 

Mintpal first, then BTC-e  

[RentaMouse]

Guys.
Guys, moneropool.com is hashing at 56% of the network.

Stop mining at moneropool.com!

At the moment it would be just as secure (and better for the environment) if we forgot about all that proof-of-work thing and let the pool owner just sign the damn blocks directly...

It seems to be a vicious circle at the moment, the more of the hashpower they get the lower their orphan rate and the higher it is for the rest of the pools, so its hard to convince miners to move. I've been away for a few days but the more I look at it the more I agree with Surfer43 that the "send queue size is more than.." error in the daemon isnt helping the network propagation. I will go and speak to devs who know more about these things than me before I say that anything is broken though

[celestio]

There's no way an exchange could figure out all the merits of a coin correctly in only a day.

What about pure voting, without bribery?
Plus, one coin over two at mintpal is based on mintpal's choice. They implemented it hours after I mentionned an interesting coin (of which I don't even remember the name now, so it must not have been that interesting). That was back in first part of February when Mintpal was still young and unknown, before even the MINT pump.

Pure Voting would probably be a way for spammers to get their coin on an exchange. They'd make multiple accounts over and over, and vote until their coin is at the top which imo is worse than paying for votes. Also, you can still vote for free on Mintpal, just very limited to 1 free vote per day.

[GreekBitcoin]

There's no way an exchange could figure out all the merits of a coin correctly in only a day.

What about pure voting, without bribery?
Plus, one coin over two at mintpal is based on mintpal's choice. They implemented it hours after I mentionned an interesting coin (of which I don't even remember the name now, so it must not have been that interesting). That was back in first part of February when Mintpal was still young and unknown, before even the MINT pump.

Pure Voting would probably be a way for spammers to get their coin on an exchange. They'd make multiple accounts over and over, and vote until their coin is at the top which imo is worse than paying for votes. Also, you can still vote for free on Mintpal, just very limited to 1 free vote per day.

You need to have some trading volume to vote now so thats a good thing for mintpal. you cant have many votes from double accounts...But i agree. 1 vote per hour is stupid. 1 vote per day is better...

[smoothie]

is there a dumpprivkey command equivalent that I am not aware of? I don't see anything in the help menu that suggests this type of option.

[Jshank]

Not sure if this is a duplicate post, but....

"Significant expansion of the scratchpad would require an increase in iterations, which in turn implies an overall time increase. "Heavy" calls in a trustless p2p network may lead to serious vulnerabilities, because nodes are obliged to check every new block's proof-of-work. If a node spends a considerable amount of time on each hash evaluation, it can be easily DDoSed by a flood of fake objects with arbitrary work data (nonce values). "

-https://en.bitcoin.it/wiki/CryptoNight

Anybody care to elaborate? Is this a realistic current/future concern? Isn't the most flattering description of CryptoNight.

[Keyboard-Mash]

There's no way an exchange could figure out all the merits of a coin correctly in only a day.

What about pure voting, without bribery?
Plus, one coin over two at mintpal is based on mintpal's choice. They implemented it hours after I mentionned an interesting coin (of which I don't even remember the name now, so it must not have been that interesting). That was back in first part of February when Mintpal was still young and unknown, before even the MINT pump.

Pure Voting would probably be a way for spammers to get their coin on an exchange. They'd make multiple accounts over and over, and vote until their coin is at the top which imo is worse than paying for votes. Also, you can still vote for free on Mintpal, just very limited to 1 free vote per day.

You need to have some trading volume to vote now so thats a good thing for mintpal. you cant have many votes from double accounts...But i agree. 1 vote per hour is stupid. 1 vote per day is better...

1 vote per day with trade history would be a nice idea, but it would only make services like this more viable, expensive and desirable:

https://bitcointalk.org/index.php?topic=639308.0

I can see merits of pure voting without taking money for votes, but without competition the cost for the service listed above would just escalate toward infinity.

[Keyboard-Mash]

Not sure if this is a duplicate post, but....

"Significant expansion of the scratchpad would require an increase in iterations, which in turn implies an overall time increase. "Heavy" calls in a trustless p2p network may lead to serious vulnerabilities, because nodes are obliged to check every new block's proof-of-work. If a node spends a considerable amount of time on each hash evaluation, it can be easily DDoSed by a flood of fake objects with arbitrary work data (nonce values). "

-https://en.bitcoin.it/wiki/CryptoNight

Anybody care to elaborate? Is this a realistic current/future concern? Isn't the most flattering description of CryptoNight.

Pretty sure this refers to just spamming a blockchainnetwork with low difficulty blocks.

As the node does not know immediately if a block is fake/valid or not, it must spend processing time on verifying against the current blockchain.

The idea is that there must be a balance between the rate at which a node can receive new hashes to check being outpaced by its capacity to verify hashes.

If the new hashes sent to the node outpace the capacity to verify it, it will be stuck in a verification loop, and effectively no longer functions as a node through which the network is based on.

The limitation of a 2Mb scratchpad for cryptonight was the maximum size they felt was necessary in order to "outpace" the rate at which blocks come into a node, (while maintaining a memory-hard proof of work function.)

Someone correct me if im wrong?

[prophetx]

Exchange adoption should be based on merit of the coin.  Paying for inclusion is shady at best.

Think about it from an exchange perspective.

The new coin's software needs to be security audited, they have to understand potential edge cases that could result in robbery, there are new operations to set up if the coin is not a straight up btc clone, the software might be riddled with bugs or difficult to integrate.  All of that does not come for free... one can say based on merit but to the exchange operator they would rather just take a new btc clone then promises of possible new trading volume and users.  As the old saying goes... a bird in the hand is worth two in the bush.

From the developer's perspective getting input from exchange operators early on can accelerate adoption by other exchanges, as well as reveal key deficiencies that can be holding back adoption.

So paying an exchange to integrate a new type of coin is not shady it actually can lead to faster information discovery and accelerate the development of the software into something that the community can trust.

Just my two cents from prior experiences.

[surfer43]

is there a dumpprivkey command equivalent that I am not aware of? I don't see anything in the help menu that suggests this type of option.

Nope, but there is this tool:

Made a little script for converting wallet keys to a printable string and back: https://cryptonote.exchange.to/paper_wallet.php

maybe someone will find it useful, should work with all cryptonote currencies..

[WilliamLie2]

Made a little script for converting wallet keys to a printable string and back: https://cryptonote.exchange.to/paper_wallet.php

maybe someone will find it useful, should work with all cryptonote currencies..

Sending private keys to internet? No, thanks.

[othe]

Made a little script for converting wallet keys to a printable string and back: https://cryptonote.exchange.to/paper_wallet.php

maybe someone will find it useful, should work with all cryptonote currencies..

Sending private keys to internet? No, thanks.

Before you criticize something, read carefully please.

its opensource and the sourcecode is linked, just download and run it yourself.

[emontmon]

any one updating blockchain in op

[smoothie]

Made a little script for converting wallet keys to a printable string and back: https://cryptonote.exchange.to/paper_wallet.php

maybe someone will find it useful, should work with all cryptonote currencies..

Sending private keys to internet? No, thanks.

I know right? lol 

[smoothie]

Made a little script for converting wallet keys to a printable string and back: https://cryptonote.exchange.to/paper_wallet.php

maybe someone will find it useful, should work with all cryptonote currencies..

Sending private keys to internet? No, thanks.

Before you criticize something, read carefully please.

its opensource and the sourcecode is linked, just download and run it yourself.

Having the option to upload your wallet.dat file is retarded. lol

[WilliamLie2]

Made a little script for converting wallet keys to a printable string and back: https://cryptonote.exchange.to/paper_wallet.php

maybe someone will find it useful, should work with all cryptonote currencies..

Sending private keys to internet? No, thanks.

Before you criticize something, read carefully please.

its opensource and the sourcecode is linked, just download and run it yourself.

And there is no guaranty that linked source is the one that is actually executed on the server.