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

[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.

[tacotime]

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

http://ismyprivatekeystolen.com/

Seems legit.

[georgehuang]

Hmm strange, not long ago Mintpal repeatly denied to have XMR on voting list just because of totally new protocol. Does this mean their platform is technically ready for CryptoNote now ?

Btw i don't like the part "Vote on Mintpal" of new title, it sounds like a random pump and dump coin. I love the old title "A anonymous currency based on ring signatures" - it look more professional and unique.

All the coins add to Mintpal by voted have no future!! Just see enc

[Keyboard-Mash]

All the coins add to Mintpal by voted have no future!! Just see enc

You mean this coin?

Questionable Cryptocurrency Alternatives

The following coins do not have obvious scam signals like the ones above do. But they still raise a questionable flag to investors. Read below to see why.
EntropyCoin

    type of algorithm- formerly scrypt, currently scrypt N

    PoW only

EntropyCoin receives a questionable rating because of its hefty premine. Described in the typical fashion, a reference to the total number of mined coins (150 million) and a percentage (“less than” 1%). The blockchain shows that they premined 1.45 million coins 114) with a plan to have 96 coins mined per block. As one might expect, that is going to take a while to make that premine insignificant.

Currently (June 2014) Entropycoin has 10.8 million coins in existence, making this premine effetively “just” less than 14% of current totals. Sure, this ugly percentage will drop over time, but quite slowly.

A big thing that keeps this coin from being in the extreme caution section is the fact that the block subsidy only halves every year 115). Bitcoin set the gold standard at every 4 years and at least this isn't too far off in comparison to most of this lot here.

I would imagine they're still shaking the effects of that off .. takes time.

[ange1981]

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.

push! the coin should spread & let more people join.

[hbadger]

Hi guys. I need some help if you don't mind.

1. I just followed Linux 64bit binaries to download the wallet. Why binaries if it's open source, Is this legit?

2. I'm running chakra (arch based / kde) no will to change to something else. So hopefully it'll work. I see I have 4 files: bitmonerod, connectivity_tool, simpleminer, simplewallet. What do I start? Is it enough to just execute:

./simplewallet --generate-new-wallet wallet.bin

??

3. Once I generate new wallet what do I need / do to backup it  ?

Thanks.

3. You only need to back up the keys file, and you only need to do that once.

[aminorex]

http://cve.mitre.org/cgi-bin/cvekey.cgi?keyword=java

Does this explain why people dont like Java? (Besides other valid reasons.)

If you added up all the C++ vulnerabilities you would quickly swamp that little list.

[aminorex]

Back to the point -- how can we "market" the idea that a c++ I2P router is something to be thrilled over (rather than a Java one) to people who are not security specialists. ...what can a c++ one do that a Java one couldn't?

Adding i2p is defense in depth.  Defense of end-user privacy.

The C++ i2p is desirable because it simplifies deployment:  It allows the IP anonymization to be embedded in the monero app.  It also means you don't have local network traffic in plaintext which is easier for malware to snoop.