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

[kbm]

Just say happy birthday to

http://en.wikipedia.org/wiki/Adi_Shamir , age 62,

the one of the creators of Ring signature concept, used in Monero to be totally anonymous.

http://en.wikipedia.org/wiki/Ring_signature

I like that plug in the references at the bottom of the ring signature page: 3: Untraceable payments, Cryptonote.org  


edit: Neat article here

Correctly chosen adaptive transaction fees would be something pretty cool to add to the adaptive parameters of CN. Didn't we have those at one point but they were too low?

[aminorex]

i jumped on the XMR party a few days ago.  looks like i didnt time it too well  !!

me too

we should form a support group

You could call it the BBC.  Congratulations on your ground floor entry.  No one buys at the bottom.  Everyone has a drawdown at some point.  Yours will be much less than most.  Key is to keep averaging in.   Never sell until the next ATH+20%.  Then sell a smallish fraction to recover funds for the next dip, slowly. 

You probably know my opinion: whoever wins the monopoly leadership for dark liquidity worldwide will rival bitcoin in the long run. We may just be owners of a significant fraction of global liquidity ten years hence.  Only time and hard work can prove it.  Do your best to build this economy.  Winning will make it worth the effort.

[Anon136]

i jumped on the XMR party a few days ago.  looks like i didnt time it too well  !!

me too

we should form a support group

You could call it the BBC.  Congratulations on your ground floor entry.  No one buys at the bottom.  Everyone has a drawdown at some point.  Yours will be much less than most.  Key is to keep averaging in.   Never sell until the next ATH+20%.  Then sell a smallish fraction to recover funds for the next dip, slowly.  

You probably know my opinion: whoever wins the monopoly leadership for dark liquidity worldwide will rival bitcoin in the long run. We may just be owners of a significant fraction of global liquidity ten years hence.  Only time and hard work can prove it.  Do your best to build this economy.  Winning will make it worth the effort.

I think people in this thread may be overcomplicating the issue a bit. The truth of the matter is that monero is sill just extraordinarily inflationary at this point.

But yes. Its clear that an anonymous crypto is going to be a big contender in the future and ive looked at the alternatives. None stack up. If ring signatures actually work that is. I'm willing to take the gamble.

[cAPSLOCK]

i jumped on the XMR party a few days ago.  looks like i didnt time it too well  !!

Meh.  I know the feeling,  but just remember hindsight doesn't help much until you zoom out enough for it to really matter.   And the data isn't there yet.   You didn't actually "jump the party" intending to leave after a couple free drinks right?  Let the sample size grow a little  bit and see how smart you actually were to get in anywhere close to the current price.

I can't tell the future.   No one can.   But the signs all point up from here.   And there's lots of them...

[eizh]

That's because Mumbles is doing what I call, "Fake-Friend-Trolling", where he trolls a coin and pretends to like it, while trolling it cleverly in an attempt to make it seem as thought there are no good features, only bad ones. He most likely represents a competitors of the coin he's trolling, hence his Newbies status, he's probably a sockpuppet account.

I'm a Alpha-Member Troll, Mumbles, I know all your tricks.

There's actually a Wikipedia section for this: http://en.wikipedia.org/wiki/Troll_(Internet)#Concern_troll 

Anyway, poor Mumbles here doesn't understand the concept of a Github repo or he'd see that XMR has a ton going on in other branches.

[Anon136]

But the signs all point up from here.   And there's lots of them...

Do tell.

[blaaaaacksuit]

But the signs all point up from here.   And there's lots of them...

Do tell.

Seriously, do tell.

[cAPSLOCK]

But the signs all point up from here.   And there's lots of them...

Do tell.

Seriously, do tell.

Current fundamental plusses:
Only coin offering true privacy with ring signatures.
One of very few coins to complement bitcoin rather than compete.
Impossible to examine block chain for tracking funds.
Serious candidate for crypto version of "Swiss account"
Serious contender for crypto with cash equivalence for privacy.
Smooth decreasing emission rate.
Active development.
Devs focusing on foundation not bling.
Major interest from BCT  "hero"  members and BTC whales.
POW  (proven value creation)
Active mining community.
Zero premine.
Zero ninja mine.
Cpu/gpu friendly.
Robust asic resistance.
Current state inflationary but coin holds value.
Smoothly rising difficulty.
Smoothly rising hash rate.
Relatively equitable distribution.
Low hype.
High signal to noise community here.
No evidence of any pump/dump.
Exchanges coming online.

Future fundamental plusses:
Gui imminent.
Database overhaul underway.
Website overhaul underway.
Possible mobile client.
Rpc wallet incoming.

Technical plusses: (weak area)
Consistent volume leader on exchanges.
Seems to be finding support at recent lows.

A real ta guy could fill that in.   Chart looks pretty shitty to me. But the fundamentals are damn strong with this coin.

[btcxyzzz]

Been mining Monero on monero.kippo.eu pool and it seems all of my withdrawals are lost because pool does not support "payment id" option. Are my coins lost? I can't contact anyone from that pool to give me the transaction IDs they possibly have. Here's what I received from Poloniex support where I deposit my mined coins:

Code:

It is not recommended to use a 3rd party wallet for deposits or withdrawal.

XMR is a cryptonote coin, it requires a payment id to be sent to Poloniex and you pool probably doesn't have that functionality implemented.

Here is instruction on how to deposit and withdraw crypto-note coins.

You will need a "deposit address" and the "payment id"  to withdraw from exchange to exchange. That will be available on the balances page on poloniex.com or the balances page of the exchange you want to send to.  

You cannot send from an exchange to an exchange or pool to an exchange, unless they have the option to add the "payment id".  If they do not have "Payment Id" option, you must send it to your wallet first and then to the exchange from your wallet.

Withdrawing From Exchange to Wallet
Please go to your balance page and put your wallet address to withdraw crypto-note.

Depositing Crypto-note to exchange from wallet
To deposit Crypto-note to exchange from your wallet You will need to use the format below:
transfer 0 DepositAddress amountofcoin PaymentID

This must be exact.  It is a good idea to copy and paste this from a notepad.  


To retrieve the transaction id (TxID) for crypto-note coins, you can access it from the logfile in the wallet directory.  Please copy and paste the information for us.  

It will look like this, example:
Money successfully sent, transaction <08d27cd721732ee49eac8a63334c65384407aa8c43d9606b862fc754c5d4e51b>

Sending crypto-note coins the wrong way, is a very easy way to permanently lose your coin.  When coins are sent incorrectly, and require recovery, there is never a guarantee that your coins will be recovered.

If you can find out all the transaction id's for the missing transactions it is possible that we can recover the coins.

[acebenson]

i jumped on the XMR party a few days ago.  looks like i didnt time it too well  !!

me too

we should form a support group

You could call it the BBC.  Congratulations on your ground floor entry.  No one buys at the bottom.  Everyone has a drawdown at some point.  Yours will be much less than most.  Key is to keep averaging in.   Never sell until the next ATH+20%.  Then sell a smallish fraction to recover funds for the next dip, slowly.  

You probably know my opinion: whoever wins the monopoly leadership for dark liquidity worldwide will rival bitcoin in the long run. We may just be owners of a significant fraction of global liquidity ten years hence.  Only time and hard work can prove it.  Do your best to build this economy.  Winning will make it worth the effort.

I think people in this thread may be overcomplicating the issue a bit. The truth of the matter is that monero is sill just extraordinarily inflationary at this point.

But yes. Its clear that an anonymous crypto is going to be a big contender in the future and ive looked at the alternatives. None stack up. If ring signatures actually work that is. I'm willing to take the gamble.

im no economist but how do you cure inflation?

[cAPSLOCK]

Monero will decrease emission and inflation with disappear.

[argentinx]

btcxyzzz
if you have entered the address of poloniex to mine
then it is your fault
because the pool can not send payments with payment id
as they do because if you do not provide the payment id?
you who must provide it to the pool not the other way
it is not possible to provide it with the current miner
it's your fault
you had to insert your address not to poloniex
and then transfer them from your address to poloniex address also using the id that tells you poloniex
however, it is useless to contact the owner of the pool
they have made the payment
and also with the transaction id "impossible for them to find it"
also because they are all micro-payments
so many transactions
it is not said
poloniex that is able to track your money

[drawingthesun]

i jumped on the XMR party a few days ago.  looks like i didnt time it too well  !!

me too

we should form a support group

You could call it the BBC.  Congratulations on your ground floor entry.  No one buys at the bottom.  Everyone has a drawdown at some point.  Yours will be much less than most.  Key is to keep averaging in.   Never sell until the next ATH+20%.  Then sell a smallish fraction to recover funds for the next dip, slowly.  

You probably know my opinion: whoever wins the monopoly leadership for dark liquidity worldwide will rival bitcoin in the long run. We may just be owners of a significant fraction of global liquidity ten years hence.  Only time and hard work can prove it.  Do your best to build this economy.  Winning will make it worth the effort.

I think people in this thread may be overcomplicating the issue a bit. The truth of the matter is that monero is sill just extraordinarily inflationary at this point.

But yes. Its clear that an anonymous crypto is going to be a big contender in the future and ive looked at the alternatives. None stack up. If ring signatures actually work that is. I'm willing to take the gamble.

im no economist but how do you cure inflation?

With time...

What are you really asking?

[supercoin434]

Been mining Monero on monero.kippo.eu pool and it seems all of my withdrawals are lost because pool does not support "payment id" option. Are my coins lost? I can't contact anyone from that pool to give me the transaction IDs they possibly have. Here's what I received from Poloniex support where I deposit my mined coins:

Yep, I'm in same boat, .03 in total gone into the ether, which is alot for the small time miner. Mining this coin is most frustrating (aka 'it sucks')

Peace

[binaryFate]

Been mining Monero on monero.kippo.eu pool and it seems all of my withdrawals are lost because pool does not support "payment id" option. Are my coins lost? I can't contact anyone from that pool to give me the transaction IDs they possibly have. Here's what I received from Poloniex support where I deposit my mined coins:

Yep, I'm in same boat, .03 in total gone into the ether, which is alot for the small time miner. Mining this coin is most frustrating (aka 'it sucks')

Chill out. Main cause is not pool not having that option. It's you not wondering about that, not paying attention to warning on poloniex.

[binaryFate]

But the signs all point up from here.   And there's lots of them...

Do tell.

Seriously, do tell.

Current fundamental plusses:
Only coin offering true privacy with ring signatures.
One of very few coins to compliment bitcoin rather than compete.
Impossible to examine block chain for tracking funds.
Serious candidate for crypto version of "Swiss account"
Serious contender for crypto with cash equivalence for privacy.
Smooth decreasing emission rate.
Active development.
Devs focusing on foundation not bling.
Major interest from BCT  "hero"  members and BTC whales.
POW  (proven value creation)
Active mining community.
Zero premine.
Zero ninja mine.
Cpu/gpu friendly.
Robust asic resistance.
Current state inflationary but coin holds value.
Smoothly rising difficulty.
Smoothly rising hash rate.
Relatively equitable distribution.
Low hype.
High signal to noise community here.
No evidence of any pump/dump.
Exchanges coming online.

Future fundamental plusses:
Gui imminent.
Database overhaul underway.
Website overhaul underway.
Possible mobile client.
Rpc wallet incoming.

Technical plusses: (weak area)
Consistent volume leader on exchanges.
Seems to be finding support at recent lows.

A real ta guy could fill that in.   Chart looks pretty shitty to me. But the fundamentals are damn strong with this coin.

Very well put together, thanks! This post shoulb be made mandatory for all bitcointalk users to read 

[dreamspark]

But the signs all point up from here.   And there's lots of them...

Do tell.

Seriously, do tell.

Perhaps you could tell us the signs that are pointing down from here then as your so sure they aren't pointing up ??

[Jojatekok]

Using payment IDs instead of multiple receiving addresses is a much smoother solution.

First of all, based on the amount of data requests and bandwidth taken, IDs are definitely the winner over multiple addresses (which are being used in Bitcoin). In long term, this will make Monero software perform much better than any other cryptocurrency variants.

Also, using payment IDs for anonymous transactions is a clever solution, because the only balance which has to be tracked is the main one for your one and only address. These kind of identifiers could be used in many scenarios - mostly for merchandising - and the ability to use them will definitely be available in the .NET-based Monero Client (which is a wallet GUI).

[mindless]

At http://pool.cryptoescrow.eu 2014.07.08 Significant Pool Updates were made:

• Updated to Freshest Pool Code
• Added port 443 for Corporate Mining

Zone117x is keeping the pool extremely efficient and always up to date.
If you are mining Monero and you want to have all the updates as soon as they are released our pool is your best choice!

[LeroyJenkens]

At http://pool.cryptoescrow.eu 2014.07.08 Significant Pool Updates were made:

• Updated to Freshest Pool Code
• Added port 443 for Corporate Mining

Zone117x is keeping the pool extremely efficient and always up to date.
If you are mining Monero and you want to have all the updates as soon as they are released our pool is your best choice!

I like your pool, never had a problem. Unfortunately I just make more merge mining with FCN. Please implement this so I can come back.

Thanks