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

[GreekBitcoin]

Also, any ideas why everytime I open my bitmonerod.exe, even though I synced last night, it resyncs blocks from like 2 or 3 days ago everytime? I thought it would have updated the blockchain already which will be saved to my computer ?

Close bitmonerod by typing "save"

[HardwarePal]

I have been checking the coins in circulation charts here : http://monerochain.info/charts/coins

It seems the past few days from 23K+- production a day, yesterday was slightly under 11K.

The total BTC equivalent of 11000XMR is 57.5BTC at 525K sat (current price when posting) which will not ofcourse all be sold on the market as many people will be holding for mid-long term.

If this continues we will have very interesting results in terms of how the price moves when more people mine as the Block reward is Smoothly varying [3]

I think someone else can probably do analytics graphs on this and "predict" what will happen when the GUI wallet will be released aswell as more people hear about XMR.

Yesterday can be confusing when looking from different time zones. ~23k/day is the standard that should be created every single 24 hour period right now. If the graph at monerchain.info/minergate shows less than 23k/day it's because the day isn't over and it's still summing coins for that 24 hour period. Maximum deviation from that 23k is 9%, which is 20930 coins.

What kind of graphs could you see being made modeling adoption? Most anything to compare it to already has a GUI wallet due to being based on a BTC protocol. I think nxt launched without one (someone correct me if wrong), so maybe modeling the number of wallets created after that day compared to before that day could be used to show an adoption model?

My error is due to the timezone , thanks for the input.

Im no genious in math and economies but here is my view :

Having a maximum deviation of 9% (20930 - 25XXX~) would have an effect in the short term.

The tech savvy enough would hoard most of the coins (this might sound funny to a few as the wallet+mining is relatively easy), I even feel kind of guilty as its one of the most profitable coins to mine and I haven't been in XMR for more than a week.

I know there are many issues with the code that need to be fixed and its not something you can put an ETA on.

I feel we need to reach more people (smart people at least) even with the simplewallet.

I am currently preparing a clone parallax website of monero.cc that can probably help newcomers slightly better and instead of them coming in here go there and get setup faster and easier without all the clutter in this thread.

Maybe someone might consider it to be the official website  

[mindless]

 2014.06.19 Significant Pool Updates were made at Monero pool: http://pool.cryptoescrow.eu :

• We are now DDOS protected.
• Running smoothly and fully set up.
• 0% Orphans after changing servers.
• Added port 80 and 8080 for mining through HTTP ports.
• Updated to the newest daemon.

[AceCobra1]

Also, any ideas why everytime I open my bitmonerod.exe, even though I synced last night, it resyncs blocks from like 2 or 3 days ago everytime? I thought it would have updated the blockchain already which will be saved to my computer ?

Close bitmonerod by typing "save"

lol... thanks... makes me so noob

[AceCobra1]

4 coins I am watching like a hawk at.

1. Monero
2. Cloakcoin
3. Boostcoin
4. Talkcoin

I held 13k boostcoin but sold pretty much all of it due to the lack of progress by Dev

[shoggot]

Anybody know what happened to my deposit to poloniex. This is in my log and the money is gone but doesnt show up in the blockchain explorer:
transfer 0 47sghzufGhJJDQEbScMCwVBimTuq6L5JiRixD8VeGbpjCTA12noXmi4ZyBZLc99e66NtnKff34fHsGR oyZk3ES1s1V4QVcB 33 5e4f6b638dfd3b195e1bf88f2892db3f24d69ad05f52a2e17f24c5d45c02bfb9

2014-Jun-19 15:40:11.391690 Transaction successfully sent. <<f00af5cbcc06f138117e8f678f4e5cbbf957dcd9f0321905f3a78c51f1183896>>
Commission: 0.000001021866 (dust: 0.000000021866)
Balance: xx
Unlocked: xx
Please, wait for confirmation for your balance to be unlocked.
2014-Jun-19 15:40:11.391690 Money successfully sent, transaction <f00af5cbcc06f138117e8f678f4e5cbbf957dcd9f0321905f3a78c51f1183896>

[fox19891989]

  We will be listed at MP next Mondat

[Keyboard-Mash]

P.S. Ask about more features and tell us about bugs!

Cool update!

Any chance you could get him to put HR in the widget?

What do you think about difficulty derived from the monerochain data also?

Sending a couple xmr for the update

edit: sent - Money successfully sent, transaction <2d8a6997dfd831cc18b9752191072867bdf70177d611ece7e33f96dcce602a40>

[magalhanze]

OP bittrex market link is broken. Heres the correct one: https://www.bittrex.com/Market/Index?MarketName=BTC-XMR

[fluffypony]

OP bittrex market link is broken. Heres the correct one: https://www.bittrex.com/Market/Index?MarketName=BTC-XMR

Fixed - thanks!

[fluffypony]

I've been playing with simplewallet.exe. Sometimes when I try to transfer monero from one wallet to another the client complains that the transaction is too large. When I try again it works. Is the transaction building logic not deterministic? I guess this comes down to the RNG? Why not try a few more in the event of the transaction being too large?

It's not deterministic, it's random and depending on the mixin count it will use other *random* inputs, so it's never going to be the same. What you're experiencing is definitely an interesting edge-case given your mix of inputs, most of the time no amount of fiddling with different inputs will get a transaction to fit:)

If you haven't already, read this week's Monero Missive, as we show off transaction auto-splitting (which is also available for testing if you're able to compile Monero).

Sending xmr for that peer review:

Such speed, much wow

 

Edit: Sent - Money successfully sent, transaction <db663dfc4e1e9e4ec4f78822ea7e13bee267bbdc118fd87b7c69b6acdd1cfd73>

lol - glad you enjoyed that:) Thanks!

[fluffypony]

[...]

This is actually not their fault. The wallet is not mempool aware at the moment, so if a tx falls out the mempool (no miners mine it because maybe it's malformed or has the wrong fee or whatever) then the wallet doesn't know that those outputs are now unspent. It's on our list of things to fix ASAP!

Good to hear you're on it, because it can be very confusing to anyone who doesn't know how things work, and annoying in any case!

Today I got a lot of "COMPLETE: ERROR" from poloniex, even when sending in smaller chunks. I guess their wallet is too dusty because of small deposits.

Fixing these two things is very important, as having something rock solid *at least for an exchange operator* is pretty much mandatory.

For the second problem, is it the "auto split" of too big transactions that is going to help?

Yes - the auto-split will make sure that the chance of a failed tx is minimal:)

[aminorex]

Long term Monero price can be 200$ ore even more if Bitcoin keep rising.

If Bitcoin keeps rising the sky's the limit!

And if bitcoin falls, prepare for interstellar space.

[cAPSLOCK]

Long term Monero price can be 200$ ore even more if Bitcoin keep rising.

If Bitcoin keeps rising the sky's the limit!

And if bitcoin falls, prepare for interstellar space.

Does this imply you think XMR to be the most likely used hedge against a falling BTC or are you just noodling around?

[mitsarasss]

We will be listed at MP next Mondat

Yes we will!!! Just keep on voting....
https://www.mintpal.com/voting

[AceCobra1]

Does mintpal list coins that either get voted or PAY to be listed?? Does it list the 2nd coin on the list ?

[aminorex]

Long term Monero price can be 200$ ore even more if Bitcoin keep rising.

If Bitcoin keeps rising the sky's the limit!

And if bitcoin falls, prepare for interstellar space.

Does this imply you think XMR to be the most likely used hedge against a falling BTC or are you just noodling around?

Almost none of the failure modes of bitcoin apply to monero because the code base and algorithms and development teams are about as close to non-overlapping as you can get.
Also, they are best suited to distinct markets, bitcoin to the transparent instant global liquidity market, and monero to the dark instant global liquidity market. 
Monero is capable of fulfilling almost all use-cases for bitcoin qua currency.  If bitcoin fails, I imagine most of that usage would move to monero, if monero were the clear runner-up at that time.

I don't see it as a very efficient hedge right now, because speculative activity will correlate highly, but it is definitely a diversification in the portfolio-effect sense, and in some scenarios it could become a nearly perfect hedge.

[AceCobra1]

How different is monero to cloak other than cloak having a GUI ?

[statdude]

We will be listed at MP next Mondat

Is this confirmed?

[surfer43]

How different is monero to cloak other than cloak having a GUI ?

Cloak uses centralized mixing to achieve nothing, whereas XMR uses trustless ring signatures to achieve anonymity.