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

[myagui]

Oh, perhaps you missed the Monero pizza auction?
I have a score to settle with fluffy since then  

[jwinterm]

Oh, perhaps you missed the Monero pizza auction?
I have a score to settle with fluffy since then  

I do remember...guess I didn't read that carefully tho

[btell]

For newbies, Monero devs core team is working on to embed a database, such as rocksdb,

http://rocksdb.org/

to fix blockchain bloating issue. It is one of the tasks, see github repo for all details,

https://github.com/monero-project/bitmonero/network

As for now hot fix is simply switching to 64-bit executables, migration instructions were posted earlier this thread bold font by florida.haunted.

[dga]

Re: payment id

Even if the merchant never changes your payment ID at all (or does so in an insecure manner) you can protect you own privacy by designating a single wallet for all transactions to the merchant and then funding that wallet from your "real" wallet using suitable mixing.

I've never been a fan of the pid feature especially in the half baked manner it is currently implemented but privacy-wise effective work arounds exist.

Careful there.  You'd be surprised how much can be leaked by even this.  PIDs are pretty bad.

A non-rolling PID gives away the distribution of customer payments to the merchant, and the number of customers.  An adversary with many nodes could, over time, learn the likely originating node for a particular payment ID (based upon where it sees it first).  If that per-merchant ID is hosted on the same machine as your normal wallet, you're leaking quite a bit.

Even a rolling PID eliminates the benefit of shattering the transaction into fixed-sized pieces for the purposes of mixing.  Nervous nervous.

[PocketCrypto]

Hello Monero Community!

We've just released PocketCrypto, a new Cryptocurrency Management App that will allow you to easily manage your Monero investment. I'm a Monero investor myself and am excited to see what the future holds for this coin.  The coin has lots of potential. Hope you guys will check out the app and Good Luck to All!

We currently support all coins on Mintpal and Cryptsy. Polo and Bittrex will be added in approximately a week.



Pro Version (super awesome!) (no ads) (earlier updates)(no coin limit) (just because you love us )

Free Version (still awesome!)(10 coin limit)

Please check out our main post for additional info, Thanks!
https://bitcointalk.org/index.php?topic=660696.0

Thanks to everyone that has supported our app.   Bittrex is now live on the newest update!

[Johnny Mnemonic]

Re: payment id

Even if the merchant never changes your payment ID at all (or does so in an insecure manner) you can protect you own privacy by designating a single wallet for all transactions to the merchant and then funding that wallet from your "real" wallet using suitable mixing.

I've never been a fan of the pid feature especially in the half baked manner it is currently implemented but privacy-wise effective work arounds exist.

Careful there.  You'd be surprised how much can be leaked by even this.  PIDs are pretty bad.

A non-rolling PID gives away the distribution of customer payments to the merchant, and the number of customers.  An adversary with many nodes could, over time, learn the likely originating node for a particular payment ID (based upon where it sees it first).  If that per-merchant ID is hosted on the same machine as your normal wallet, you're leaking quite a bit.

Even a rolling PID eliminates the benefit of shattering the transaction into fixed-sized pieces for the purposes of mixing.  Nervous nervous.

Yup. Rolling PIDs are non-solutions anyway because an anonymous currency can't rely on third parties to maintain the privacy of the network.

My fear is that adoption and dependence of PIDs will grow too quickly before more robust wallet addressing ever gets implemented. At that point removing the Payment ID "feature" may be too costly.

[Anon136]

Re: payment id

Even if the merchant never changes your payment ID at all (or does so in an insecure manner) you can protect you own privacy by designating a single wallet for all transactions to the merchant and then funding that wallet from your "real" wallet using suitable mixing.

I've never been a fan of the pid feature especially in the half baked manner it is currently implemented but privacy-wise effective work arounds exist.

Careful there.  You'd be surprised how much can be leaked by even this.  PIDs are pretty bad.

A non-rolling PID gives away the distribution of customer payments to the merchant, and the number of customers.  An adversary with many nodes could, over time, learn the likely originating node for a particular payment ID (based upon where it sees it first).  If that per-merchant ID is hosted on the same machine as your normal wallet, you're leaking quite a bit.

Even a rolling PID eliminates the benefit of shattering the transaction into fixed-sized pieces for the purposes of mixing.  Nervous nervous.

Yup. Rolling PIDs are non-solutions anyway because an anonymous currency can't rely on third parties to maintain the privacy of the network.

My fear is that adoption and dependence of PIDs will grow too quickly before more robust wallet addressing ever gets implemented. At that point removing the Payment ID "feature" may be too costly.

I dont think we have to worry about it being too costly because unless we fix problems like this at some point than the coin its self will not have very much value to begin with.

And you know. You could always make a new address, send the funds there, and then send the receiver the private key. EZPZ problem solved.

better yet, why cant the service providers just make a unique address for each transaction. even easier.

[RentaMouse]

Bear in mind the reason that payment IDs were introduced in the first place - exchanges found it impractical to use their previous Bitcoin based practice of generating unique wallet addresses for each user. This is because you cannot derive the balance of each wallet by simply scanning the blockchain for txes using that wallet address, with Monero the wallet has to attempt to decrypt every tx on the blockchain to see if it "belongs" to that wallet, which requires exponentially more processing power.

It is not impractical for a user to generate as many wallet addresses as they wish, especially if they are "disposable" for short term use so they can be forgotten and not kept updated. I don't currently know how much processing power is required to keep an XMR wallet in sync with the blockchain so I can't hazard a guess at whether the "average" user PC could maintain unique wallets to the order of 10/100/1000 - if you were asking me to pull a figure out of thin air I would estimate it to be in the low hundreds at most. You can see how that presents a scaling problem for exchanges/merchants, as simply maintaining wallets for users would incur an extra cost for the computing resources required to maintain them.

On a slightly related note, the "exchange XMR wallet" is indicative to me of how fundamentally different Cryptonote coins are to Bitcoin derivatives; exchanges have always said "dont mine to your exchange coin address" and yet many people seem to do so anyway. Then they decide to start mining XMR because its profitability is rather attractive and they see instructions like "don't mine to your exchange address as you will lose all your coins - you must create your own wallet", but decide that's just another silly warning they can ignore like they did before. I dont think that's because its too complicated to setup the daemon and wallet, its on a par with setting up a new miner for a new coin, its just that a lot of people will do the minimum amount of reading/research they think necessary to get where they want.

[saddambitcoin]

anybody else have a feeling monero is about to explode?

[aminorex]

Just put a time box around the traversal, and suddenly it becomes pretty cheap.

[b00mbastic]

Does anyone know - is it possible to recover wallet info if I lost my wallet password? wallet.[bin+keys+txt] files is present.

[Anon136]

Does anyone know - is it possible to recover wallet info if I lost my wallet password? wallet.[bin+keys+txt] files is present.

sure just use that mnemonic passphrase that you wrote down when you first created your wallet.

[jwinterm]

Does anyone know - is it possible to recover wallet info if I lost my wallet password? wallet.[bin+keys+txt] files is present.

sure just use that mnemonic passphrase that you wrote down when you first created your wallet.

I dunno about that, I think you'd still need to know your wallet pw after you recreate it to unlock it, not 100% sure tho...

[Anon136]

Does anyone know - is it possible to recover wallet info if I lost my wallet password? wallet.[bin+keys+txt] files is present.

sure just use that mnemonic passphrase that you wrote down when you first created your wallet.

I dunno about that, I think you'd still need to know your wallet pw after you recreate it unlock it, not 100% sure tho...

Cant say I personally tried it myself so I'm not sure either.

[aminorex]

The seed phrase suffices to recover a wallet.  Remember to delete simplewallet.log once you have recorded it.

[blaaaaacksuit]

anybody else have a feeling monero is about to explode?

No, but I wish it was.

[Anon136]

anybody else have a feeling monero is about to explode?

It has more merit than almost any of the cryptos ahead of it (except maybe nxt and bitcoin). Unfortunately though with out some flashy advertising campaign or some such this will only, at best, translate into slow and steady growth over time. Well see though. If andreas antonopoulos or someone big like that drops the M bomb infront of the right people it certainly could happen.

[sammy007]

anybody else have a feeling monero is about to explode?

I believe it will really 'explode' when the emission rate diminishing kicks in heavily and the market realizes that monero is now as rare as bitcoin, it'll take time.

And new coin will be launched.

[Anon136]

anybody else have a feeling monero is about to explode?

I believe it will really 'explode' when the emission rate diminishing kicks in heavily and the market realizes that monero is now as rare as bitcoin, it'll take time.

And new coin will be launched.

Naturally but http://en.wikipedia.org/wiki/Network_effect

This is the only reason any crypto has value. Without the network effect open source crypto currencies would be non scarce and things that are non scarce have a price of 0, but because of the network effect bitcoin clone != bitcoin original.

[amysun]

anybody else have a feeling monero is about to explode?

It reaches a new low after every pump.