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

[twistelaar]

Hey dont follow the coin that much, but can somebody explain me why the price is down from 0.008 to 0.0028?

And will it go back up?

Thanks

Actual question is why the price was up from 0.0028 to 0.008 at Jun 22. Finding answer that, you win a prize.

Say about Monero your friends, donate dev team, don't mine, create a service for Monero, and you'll for sure price will go up.

thanks. I hear real good things about Monero, maybe 100$ in a year or something?!!

[RentaMouse]

Hey dont follow the coin that much, but can somebody explain me why the price is down from 0.008 to 0.0028?

And will it go back up?

Thanks

Actual question is why the price was up from 0.0028 to 0.008 at Jun 22. Finding answer that, you win a prize.

Say about Monero your friends, donate dev team, don't mine, create a service for Monero, and you'll for sure price will go up.

Well actually its probably better if you do mine if you are intending on holding the coins, means less for the people who intend to mine&sell. Obviously that only works so far, if too many mine and hold then the price goes up and attracts more to mine&sell

[blaaaaacksuit]

Hey dont follow the coin that much, but can somebody explain me why the price is down from 0.008 to 0.0028?

And will it go back up?

Thanks

Actual question is why the price was up from 0.0028 to 0.008 at Jun 22. Finding answer that, you win a prize.

Say about Monero your friends, donate dev team, don't mine, create a service for Monero, and you'll for sure price will go up.

thanks. I hear real good things about Monero, maybe 100$ in a year or something?!!

Sometimes I wonder if bitcoin will be worth 100$ in a year.  

[Giovanni__]

Shoutout to Monero

https://bitcointalk.org/index.php?topic=687047.0

[owlcatz]

Shoutout to Monero

https://bitcointalk.org/index.php?topic=687047.0

Great post .. weird how so many newbie accounts post such in-depth articles these days.... /s

[Atrides]

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[Atrides]

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[owlcatz]

Hey dont follow the coin that much, but can somebody explain me why the price is down from 0.008 to 0.0028?

And will it go back up?

Thanks

Actual question is why the price was up from 0.0028 to 0.008 at Jun 22. Finding answer that, you win a prize.

Say about Monero your friends, donate dev team, don't mine, create a service for Monero, and you'll for sure price will go up.

Well actually its probably better if you do mine if you are intending on holding the coins, means less for the people who intend to mine&sell. Obviously that only works so far, if too many mine and hold then the price goes up and attracts more to mine&sell

For me, I'm able to mine a whopping .5 xmr a day using claymores miner and one  amd r9 270 card per day. I can only make about .78 USD per day or two on other sites. Or, maybe its because moneropool.com just rocks, I dunno, but I'm mining, sorry!

[smooth]

Hey dont follow the coin that much, but can somebody explain me why the price is down from 0.008 to 0.0028?

And will it go back up?

Thanks

Actual question is why the price was up from 0.0028 to 0.008 at Jun 22. Finding answer that, you win a prize.

Say about Monero your friends, donate dev team, don't mine, create a service for Monero, and you'll for sure price will go up.

Well actually its probably better if you do mine if you are intending on holding the coins, means less for the people who intend to mine&sell. Obviously that only works so far, if too many mine and hold then the price goes up and attracts more to mine&sell

There is no real difference between mining and holding on the one hand and buying and holding on the other hand. The latter is easier and cheaper to do at scale for many people who aren't expert miners, and has the exact same effect on the price. So it is likely the better approach for most.

Small scale mining where you just turn on mining in the wallet on a computer you already own ("start_mining" command) and are already running a wallet would be an exception. Everyone who wants to support this coin (and perhaps get lucky and receive a nice block of free coins) should do that. 

[smooth]

Hey dont follow the coin that much, but can somebody explain me why the price is down from 0.008 to 0.0028?

And will it go back up?

Thanks

Actual question is why the price was up from 0.0028 to 0.008 at Jun 22. Finding answer that, you win a prize.

Say about Monero your friends, donate dev team, don't mine, create a service for Monero, and you'll for sure price will go up.

Extreme hype about being listed on mintpal when the coin was already very heavily traded (as in most heavily traded coin in the history of the exchange I believe) on poloniex. One more exchange was really not a big enough of a liquidity event to account for a 3x increase in value, so once the hype and mania was over, the price returned to normal.

[AnonyMint]

Update: 2014/05/25

The Monero team is happy to announce that we will be sponsoring development on the I2P project with a view to baking I2P support in to Monero!

What is I2P?

I2P is the Invisible Internet Project. Its design goals are somewhat similar to projects such as Tor and Freenet - allowing people to use the Internet in a completely private fashion, without fear of anyone looking over their proverbial shoulder. Tor is currently usable as a communications layer for Monero merely by using the Tor tools to reroute traffic over the Tor network. However, I2P presents a challenge, as the current router software is written in Java, and the Monero project would not like to add Java as a dependency, neither would it make sense to add is as an attack surface.

What does this mean?

As work progresses on this, the Monero project will be able to include I2P as an optional communications layer without requiring the running of a full Java router. Monero users that choose not to use I2P will, of course, be able to use the open web for communication, but it is our aim that I2P will be the default communication method for many (or most) Monero nodes. And all of this will be done without compromising our user's privacy or overcomplicating core requirements!

When will this be available?...

This is not sufficient against the hunt for wealth coming from the bankrupt socialism in the G20 countries:

[darkota]

Update: 2014/05/25

The Monero team is happy to announce that we will be sponsoring development on the I2P project with a view to baking I2P support in to Monero!

What is I2P?

I2P is the Invisible Internet Project. Its design goals are somewhat similar to projects such as Tor and Freenet - allowing people to use the Internet in a completely private fashion, without fear of anyone looking over their proverbial shoulder. Tor is currently usable as a communications layer for Monero merely by using the Tor tools to reroute traffic over the Tor network. However, I2P presents a challenge, as the current router software is written in Java, and the Monero project would not like to add Java as a dependency, neither would it make sense to add is as an attack surface.

What does this mean?

As work progresses on this, the Monero project will be able to include I2P as an optional communications layer without requiring the running of a full Java router. Monero users that choose not to use I2P will, of course, be able to use the open web for communication, but it is our aim that I2P will be the default communication method for many (or most) Monero nodes. And all of this will be done without compromising our user's privacy or overcomplicating core requirements!

When will this be available?...

This is not sufficient against the hunt for wealth coming from the bankrupt socialism in the G20 countries:

  Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

[AnonyMint]

This is useless against the hunt for wealth coming from the bankrupt socialism in the G20 countries:

  Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

May be too late to wait to add real protection that I2P and Tor don't provide. ETA for global sovereign debt collapse starts Oct. 2015.

P.S. note I edited my post to change "useless" to "not sufficient".

[darkota]

This is useless against the hunt for wealth coming from the bankrupt socialism in the G20 countries:

  Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

May be too late to wait to add real protection that I2P and Tor don't provide. ETA for global sovereign debt collapse starts Oct. 2015.

P.S. note I edited my post to change "useless" to "not sufficient".

Oh, I think that I2P+Ring Sigs would offer be more than the perfect anonymous combo for 99.99% of people. And of course, any NSA proof anonymity/what you suggested, should be done, but IMO, after the I2P is already done.

[othe]

This is useless against the hunt for wealth coming from the bankrupt socialism in the G20 countries:

  Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

May be too late to wait to add real protection that I2P and Tor don't provide. ETA for global sovereign debt collapse starts Oct. 2015.

P.S. note I edited my post to change "useless" to "not sufficient".

Did you ever do something except talking? Serious question.

I mean, you are the same guy who said Bitcoin is a ponzi sheme - and we are here in the Bitcoin forum... (https://bitcointalk.org/index.php?topic=156993.msg1668999#msg1668999)

Reading through your posts, i see a lot of flaming, dissing of bitcoin and everything else and claiming there are "better" ways, but - absolutely no concrete solutions.

Theres simply nothing better than TOR or I2P we have, absolutely nothing, if you can create a better solution - feel free to make a pull request to our github, i will even pay you for it.

[RentaMouse]

DarkWallet (which uses CoinJoin but has nothing to do with Darkcoin) gets a nice PR piece by Wired here - http://www.wired.com/2014/07/inside-dark-wallet/

Trouble is, when I read it I can't help thinking they are going to all this effort to reverse engineer a level of anonymity onto Bitcoin which will always be questionable. If Monero can get to a similar level of user friendliness within a sensible timeframe then it has all those questions answered and no doubt Wired will be publishing articles like "Monero - the currency of liberty?". At least I hope that will happen....

[AnonyMint]

I mean, you are the same guy who said Bitcoin is a ponzi sheme...

Reading through your posts, i see a lot of flaming...

I am also the guy who correctly predicted BTC to drop to $350 and predicted the price rise to slow down due to a mathematical analysis.

Theres simply nothing better than TOR or I2P we have, absolutely nothing, if you can create a better solution...

Correct there is nothing better at the moment for obfuscating the IP address.

Please understand. Analysis is orthogonal to inventing new solutions. I am providing analysis.

This is useless against the hunt for wealth coming from the bankrupt socialism in the G20 countries:

  Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

May be too late to wait to add real protection that I2P and Tor don't provide. ETA for global sovereign debt collapse starts Oct. 2015.

P.S. note I edited my post to change "useless" to "not sufficient".

Oh, I think that I2P+Ring Sigs would offer be more than the perfect anonymous combo for 99.99% of people. And of course, any NSA proof anonymity/what you suggested, should be done, but IMO, after the I2P is already done.

Besides the analysis that ring signatures (at least in the way they are employed in Monero and CryptoNote) are not scalable and thus can't target a large ("99%" of) population, they are not going to provide anonymity for those who want to protect their wealth from the coming global confiscation by the bankrupted western society.

Yes they can perhaps provide anonymity against hackers who don't have a backdoor on all traffic passing over the internet, but that is not the point at all for me as to why I wanted an anonymous coin. The entire point all along for me has been how to survive the coming global police state.

[Anon136]

I mean, you are the same guy who said Bitcoin is a ponzi sheme...

Reading through your posts, i see a lot of flaming...

I am also the guy who correctly predicted BTC to drop to $350 and predicted the price rise to slow down due to a mathematical analysis.

Theres simply nothing better than TOR or I2P we have, absolutely nothing, if you can create a better solution...

Correct there is nothing better at the moment for obfuscating the IP address.

Please understand that analysis is orthogonal from inventing new solutions. I am providing analysis.

This is useless against the hunt for wealth coming from the bankrupt socialism in the G20 countries:

  Dude..Even bitcoin is not immune to the NSA. thats too far fetched now imo....NSA and Quantam Compute immunity that so many people want, comes with time, implementing I2P is still a great start for any coin, NSA immunity and such can come after.....

May be too late to wait to add real protection that I2P and Tor don't provide. ETA for global sovereign debt collapse starts Oct. 2015.

P.S. note I edited my post to change "useless" to "not sufficient".

Oh, I think that I2P+Ring Sigs would offer be more than the perfect anonymous combo for 99.99% of people. And of course, any NSA proof anonymity/what you suggested, should be done, but IMO, after the I2P is already done.

Besides the analysis that ring signatures (at least in the way they are employed in Monero and CryptoNote) are not scalable and thus can't target a large ("99%" of) population, they are not going to provide anonymity for those who want to protect their wealth from the coming global confiscation by the bankrupted western society.

Yes they can provide anonymity against hackers who don't have a backdoor on all traffic passing over the internet, but that is not the point at all for me as to why I wanted an anonymous coin. The entire point all along for me has been how to survive the coming global police state.

It can work for 99% of people, if those people just use it as a form of savings account, a tax haven in the cloud if you will. Obviously not if they are trying to use it for all of their expenditures. But no blockchain will ever scale to that point. Certainly bitcoin will never be able to be used by average joe for day to day transactions. Atleast not in a reasonably decentralized form.

the point is that monero is perfect for "survive the coming global police state" Large amounts in and large amounts in and large amounts out. Put 10,000 dollars in, and when ever you need some cash, withdraw atleast 1000 of it at a time. People who use swiss bank accounts right now arnt using them for every day transactions, they put large sums in, and take large sums out.

*edit* also you can have 1 cryptonote currency for each city, and then one for trading between them. a local currency that you can do smaller trades in and a global currency for moving back and forth between the local ones

[AnonyMint]

It can work for 99% of people, if those people just use it as a form of savings account, a tax haven in the cloud if you will. Obviously not if they are trying to use it for all of their expenditures. But no blockchain will ever scale to that point. Certainly bitcoin will never be able to be used by average joe for day to day transactions. Atleast not in a reasonably decentralized form.

the point is that monero is perfect for "survive the coming global police state" Large amounts in and large amounts in and large amounts out. Put 10,000 dollars in, and when ever you need some cash, withdraw atleast 1000 of it at a time.

You are conflating two orthogonal issues:

1. Whether Monero's ring signatures can scale.

2. Whether the I2P+ring is secure against the global police state.

Even if you are correct that limited transactions would allow #1 to scale, it doesn't diminish the fact that #2 is not secure against the global police state.

Personally I want an anonymous coin that I can also transact in, not just a saving account. Because without transactions, the coin won't survive or have network effects value. Again see the mathematical analysis of valuations that we did.

[surfer43]

It can work for 99% of people, if those people just use it as a form of savings account, a tax haven in the cloud if you will. Obviously not if they are trying to use it for all of their expenditures. But no blockchain will ever scale to that point. Certainly bitcoin will never be able to be used by average joe for day to day transactions. Atleast not in a reasonably decentralized form.

I have to point out that Cryptonite would scale to that point with its "mini-blockchain", but it doesn't help much if you want anonymity. Maybe next there will be a scalable currency with anonymity. I doubt there will be one cryptocurrency for all uses...