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

[flinkonfloggin]

This is starting to get big hype, I'm currently starting the blockchain download. It'll never go anywhere unless it's mass adopted, first by criminals then by everyone else. It has to be truly anonymous.

care to share more?

Just voicing an opinion. No need to get upset lol

[equipoise]

Can anybody help me by the way with the Monero Wallet on OSX? I have downloaded Monero.Mac.x64.latest.

I have unzipped it. What to from here?

Thanks a lot

http://monero.cc/getting-started/index.html

Thanks. What are other peopl thinking of Monero on long term? with 1 year/ 2years?

Monero Economy: https://bitcointalk.org/index.php?topic=597878.0

[AlexGR]

ZeroCash could still go big (current project problems could be solved)

Implementation problems could be solved but trust issue remains: Who would trust for their anonymity a gov-funded coin with maths that nobody knows if they hold up or not and zero proofs that may one day be breakable by quantum computers? It will attract FUD that makes shitcoin warz look like kindergarten play.

[dewdeded]

Trust issue could be solved (in a later revision), I heard that is what they (some of them) are working on now.
On the quantum topic: (as you know) currently not everybody fears quantum computers, also post quantum cryptography could be used. Post quantum cryptography is a field of research that is over 10 years old now and has algorithms ready to use/review.

[GreekBitcoin]

Monero Missives

June 18th, 2014

Hello, and welcome to our third Monero Missive.

Major Updates

1. We've been stalling this week's Missive on purpose, because we were hoping it would happen...and it happened! We got to number 1 on the MintPal voting list in a week - which is quite an achievement. There was quite a stack of paid-for votes (more than normal for a cryptocurrency on the MintPal voting list), which is surprising, but it definitely helped catapult us up front.

   An interesting graph on CryptVote shows the meteoric climb (XMR is the blue line):
   
   

2. We are immensely grateful for the work the CryptoNote developers have put into the protocol, but their whitepaper is unfortunately lacking in peer reviews. To that end, we have taken it upon ourselves to peer review the whitepaper, and to release the peer review as an annotated whitepaper.

   The two primary peer reviewers are not part of the Monero core team, and are highly qualified academics in the fields of mathematics and cryptography. They are assisted by some of the Monero core team who have a similar computer science academic background. Due to the nature of the Monero project both of the primary peer reviewers have chosen to work under a pseudonym. In a later missive we'll introduce them more formally, but for the moment we wanted to release the current copy of the annotated whitepaper for everyone to take a look at. If you'd like to provide your input on the annotations, please feel free to email any comments to dev@monero.cc
   
   The latest annotated whitepaper can be downloaded here: http://monero.cc/downloads/whitepaper_annotated.pdf. Please bear in mind that it is only up to page 8 in the CryptoNote whitepaper at present, so the annotation does cut short there:)

3. We have completed initial work and testing on transaction auto-splitting (thanks to tewinget's tireless work). Now, if you have too many inputs for your transaction, simplewallet will automatically try to split your transfer up to as many as 30 transactions. It will prompt you first and let you know the total fees before just sending it, of course:

   
   
   This feature requires more testing, and is NOT in the main code base yet. If you're able to build Monero, please grab it from fluffypony's repo here, and build and test: https://github.com/fluffypony/bitmonero - you won't need to build tests or change the daemon, it's just simplewallet's operation that has changed. Please do not try this with the RPC API yet, this needs the CLI at the moment.

4. We have had a lot of people asking about the progress of the GUI wallet. We'd like to reiterate that there are a great number of core and fundamental things that need to be worked on before we can get lots and lots of users flocking in. Some of the core necessities that we're working on at breakneck pace are: QoS to reduce the bandwidth demand on full nodes (as everyone will be running a full node at this stage anyway), segregation of wallet functions in order to create a far more robust system for exchanges and merchants to use, Gitian-based builds for everyone's safety and to ensure binaries are safe (safer, really), moving blockchain storage to an embedded database, fixing the now-infamous "ABSTRACT_SERVER_SEND_QUE_MAX_COUNT" (in big red letters!) error that is quite harmless but everyone freaks out about, and so on.

   These are issues at Monero's core that we're working on, and we need to have these in place and fixed before a GUI wallet is widely dispersed, otherwise there will be massive resource constraints placed on user's systems. We're not here to win a race against other cryptocurrencies. We're here to to continue to push out great features and stable and reliable code, in a way that will make sure Monero is around for decades and not just a flash-in-the-pan.

Dev Diary

Core: Checkpoint added at block 80 000

Core: We've incorporated two changes from BBR - proper tx_pool handling, and a fix for the high number of orphans pool miners were experiencing. tx_pool handling is incomplete, as it is implemented by the daemon but the wallet is not, as yet, mempool aware.

Core: Initial tx auto-split commit, ready for testing

Build: Made changes to CMakeLists to allow for the project to build on Arch

Until next week!

- updated by fluffypony

Nice to see the updates I personally like auto-splitting very much!

[nioc]

^It seems you were using an old version of the source/binaries, so you didn't payed the right fees for the transactions. Download the latest one from the OP. Delete the poolstate.bin file (from %APPDATA%\bitmonero) and backup your wallet (the .keys file is the most important). Then delete the .bin file and run the wallet again to resync it with the network.

Am I correct to assume that if you have the deterministic wallet you don't have to back it up as it can be recreated from the seed?

[tacotime]

^It seems you were using an old version of the source/binaries, so you didn't payed the right fees for the transactions. Download the latest one from the OP. Delete the poolstate.bin file (from %APPDATA%\bitmonero) and backup your wallet (the .keys file is the most important). Then delete the .bin file and run the wallet again to resync it with the network.

Am I correct to assume that if you have the deterministic wallet you don't have to back it up as it can be recreated from the seed?

Yeah. Although you may want to test it to make sure you've got the seed correct.

[AceCobra1]

any ideas when monero will be added to cryptsy?

EDIT - sorry, I ment mintpal 

[LegendaryAnvil]

any ideas when monero will be added to cryptsy?

EDIT - sorry, I ment mintpal 

Currently, This coming up Monday as we are #1 on voting list.

[RentaMouse]

Apologies to anyone who mined at http://cryptonotepool.org.uk on the 17-18th, I managed to send a couple of payments with the wrong tx fee so they went missing for a while
I can confirm that equipoise's advice a couple of pages earlier works though, I was able to retrieve them and manually resend them so everything is up to date again.

cryptonotepool.org.uk - the tortoise of monero pools, plods along slowly but gets there reliably 

[shfc]

PUMP XMR

[trand]

i've try a couple time in some pool but why no one payment come to my account, i've synchronize my bitmonerod.exe anyone know why?

[RentaMouse]

i've try a couple time in some pool but why no one payment come to my account, i've synchronize my bitmonerod.exe anyone know why?

Does the pool show a payout on your wallet address? If so then the pool thinks it has paid you and something is probably wrong at your end, most of the pools are paying reliably now. If you have just got your bitmonerod synchronised dont forget that your simplewallet then has to sync with it, that can take an hour or two if it is the first time you run it - make sure you wait for bitmonerod to complete its sync before you start simplewallet, then you should see it scanning the blockchain for any XMR you have been sent.

If the pool shows your "Total Paid" as 0 XMR, then it may not have found a block yet and you need to keep mining for longer.

Patience is an important thing with Monero

[AceCobra1]

PUMP XMR

it about to burst though the 500k satoshi sound barrier!

[becker]

Pump it, I need to dump it. Goooo Mintpal...

[damiano]

I've picked up quite a bit over the past few hours.

[sammy007]

any ideas when monero will be added to cryptsy?

EDIT - sorry, I ment mintpal 

Craptsy is dying, at least I hope so. For me it's near impossible to trade there without punishing your nervous system. Place an order and bots will set dust orders in a few milliseconds in front of you. Deposits stuck, canceling does not work, negative balances, trolling dumb support, etc. Why you, guys so love craptsy? It's a grave for mineable coins.

[501026666]

Pump it, I need to dump it. Goooo Mintpal...

If all the people thinking like you ...XMR will dead when it add to Mintpal

[shfc]

Pump it, I need to dump it. Goooo Mintpal...

Pump, not dump

[damiano]

any ideas when monero will be added to cryptsy?

EDIT - sorry, I ment mintpal 

Craptsy is dying, at least I hope so. For me it's near impossible to trade there without punishing your nervous system. Place an order and bots will set dust orders in a few milliseconds in front of you. Deposits stuck, canceling does not work, negative balances, trolling dumb support, etc. Why you, guys so love craptsy? It's a grave for mineable coins.

It's terrible there.  Bittrex blows it away