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

[dnaleor]

Monero is doing quite well lately. Slow growth... that is what we need. I hope we stay above 3 mBTC now

[RentaMouse]

And is it me or does the quality of discussion in this thread seem to improve between about 10:00 and 17:00 UTC each day? I've only bothered to check this "statistic" for the last few days' worth of posts but so far it holds up, at least on weekdays.

[statdude]

Reacting to recent comments and in order to support the monero devs and community, we have decided to donate 20% from our pools fee to the core-dev team.

At http://pool.cryptoescrow.eu July 12th: We started donating 20% to Core-dev team. Now 40% of pool fee goes to donations:
20% to core-dev team;
20% to pool development;
60% to support the pool;
Total Fee - 1%

Join our pool and start supporting Monero development!

I have also decided to donate a bottle of wine from my cellars to all core developers who show up in my castle.

This announcement is not intended to attach an elitist image to XMR or its devs, but to ensure the community that the devs are well connected and marketing in working as planned...

...because some people have doubted it.

 

has there been any kind of "friends of Monero" build as I've been hearing about for donations/bounty fund?
I'd be interested on my more modest level.

Also I never realized that paid signatures can be quite generous. Adds up quite fast guys. Let's all consider taking one for the core team and monero's development

I'd also like to suggest a bounty for the first monero dice/wheel reaching 10,000 in monero wagered, first binary options site, etc.

[btell]

I havent been on IRC all day like I usually am, missed a few hours, but apart from moneropool.org being down I didnt hear anyone else complaining about pool connectivity troubles. Possible you had some bad packet loss on your Internet connection? You wouldnt notice it really when browsing the web but it can be enough to interrupt stratum connections.

May be... I am also trying 443 port as well as 9999 etc.

Now miner's log says:
"
Stratum authentication failed.
... retry after 30 seconds
"

then, just as if nothing had happened,
"
Stratum detected new block
... yay!!!
"

And so on, the whole day, from two independent city places, internet providers, & both GPU & CPU miners...

Yesterday all was fine

[DogTheHunter]

Monero is doing quite well lately. Slow growth... that is what we need. I hope we stay above 3 mBTC now

feels nice and warm all of a sudden 

[dnaleor]

Monero is doing quite well lately. Slow growth... that is what we need. I hope we stay above 3 mBTC now

feels nice and warm all of a sudden  

Warm like our plush version of Luke the Moonshot? ;-)

[Fredericolitch]

Sorry for the question, did not find any answer, i'd just like to change my wallet password, is anyone could give me the command line to do so ?
I guess, when you use the .net gui, it is in the debog windows, right ?

[mindless]

Hello guys,

I observe that connections to the XMR pools are unstable today world-wide, I tried them from two independent geographical places with both Wolf's & Nvidia miners. Does anybody know, are most XMR pools under DDOS today?

There was a botnet set up to hop between pools. It makes too many connections and the pool stops working normally.

Zone117x has updated the pool code and set up some protection.

Stable mining at: http://pool.cryptoescrow.eu: Updated to new code w/ payment history & automatic donations to Monero development

[iloveny161]

Dev team, could you guys give some more info on who wrote the whitepaper review? http://monero.cc/downloads/whitepaper_review.pdf

It just says that he is a mathematician, but that's pretty vague and it would be great if we could look at some of his research/other papers.

I can't find anything about him on google either.

[fluffypony]

Sorry for the question, did not find any answer, i'd just like to change my wallet password, is anyone could give me the command line to do so ?
I guess, when you use the .net gui, it is in the debog windows, right ?

It's not possible at present, we will add this functionality in future:) If you want to change your password right now you have to restore your wallet from the 24 word deterministic seed, or you have to create a new wallet and move your funds over.

[fluffypony]

Dev team, could you guys give some more info on who wrote the whitepaper review? http://monero.cc/downloads/whitepaper_review.pdf

It just says that he is a mathematician, but that's pretty vague and it would be great if we could look at some of his research/other papers.

I can't find anything about him on google either.

It's a pseudonym (hence the shout out to Emmy Noether), same as Satoshi Nakamoto, same as Nicolas van Saberhagen. If he chooses to identify himself in future that is his prerogative, but he has asked to remain under the guise of a pseudonym at this stage.

[smooth]

For miner that will be widely accessible to the general public, this problem could already be solved for Bitcoin ...

Which has nothing to do with Monero.

Again I ask to please keep posts on this thread directly related to Monero. Some of the comments you have posted are directly related, but many are clearly not. Please post the rest elsewhere.

[Fredericolitch]

Sorry for the question, did not find any answer, i'd just like to change my wallet password, is anyone could give me the command line to do so ?
I guess, when you use the .net gui, it is in the debog windows, right ?

It's not possible at present, we will add this functionality in future:) If you want to change your password right now you have to restore your wallet from the 24 word deterministic seed, or you have to create a new wallet and move your funds over.

Oh ok, thx for the fast answer
Will have to resign to create another wallet so

[tacotime]

Ok so im reading the mini blockchain whitepaper. It appears to be a marginal improvement in some ways but it doesnt address the fundemental difficulty in scaling blockchains. The scalability problem doesn’t have anything to do with the size of the blockchain. It comes from the fact that each actor's transactions must be verified by all other network participants. Its the same math as network effects, except its a negative network effect.

Suppose actors make 1 transaction per minute.

1 actors = 0 verifications because he doesnt need to verify his own transactions.
2 actors = 2 transactions per minute. 2 * 2 actors = 4 transactions verifications. They dont need to verify their own so 4 - 2 = 2.  
3 actors = 3 transactions per minute. 3 * 3 = 9 verifications. they dont need to verify their own so 9 - 3 = 6.
4 actors = (4*4)-4=12
5 actors = (5*5)-5=20
ect...

0,2,6,12,20,30,42,56,72

This very quickly gets out of hand when you consider that there is a cost associated with verifying a transaction. even if that cost is infinitesimal.

Maybe the miniblockchain addresses this criticism and I just missed it though.

I've been perpetually confused as to how the finite miniblockchain scheme can possibly be used to enforce data consensus in a byzantine generals problem-like network. I'd appreciate it if someone could ELI5 it to me.

[RentaMouse]

Please excuse me a bit of advertising, I try and keep 95% of my posts intelligent/helpful so hopefully people will allow me the odd diversion

http://cryptonotepool.org.uk/ has decided to donate all of our 1% pool fee to the XMR dev fund for at least the next two weeks of mining!

Just about to hit our 700th mined block so the pool is tried and tested over several weeks, added more cpu cores recently to cope with 40k connections from a rogue botnet attack.

If you're mining XMR then maybe consider pointing 1 cpu/gpu our way, or add us to your backup pools list - you'll still be earning the same and investing in the future of Monero at the same time

Our Information for Miners page has all details, for experienced miners and new starters

[Anon136]

Ok so im reading the mini blockchain whitepaper. It appears to be a marginal improvement in some ways but it doesnt address the fundemental difficulty in scaling blockchains. The scalability problem doesn’t have anything to do with the size of the blockchain. It comes from the fact that each actor's transactions must be verified by all other network participants. Its the same math as network effects, except its a negative network effect.

Suppose actors make 1 transaction per minute.

1 actors = 0 verifications because he doesnt need to verify his own transactions.
2 actors = 2 transactions per minute. 2 * 2 actors = 4 transactions verifications. They dont need to verify their own so 4 - 2 = 2.  
3 actors = 3 transactions per minute. 3 * 3 = 9 verifications. they dont need to verify their own so 9 - 3 = 6.
4 actors = (4*4)-4=12
5 actors = (5*5)-5=20
ect...

0,2,6,12,20,30,42,56,72

This very quickly gets out of hand when you consider that there is a cost associated with verifying a transaction. even if that cost is infinitesimal.

Maybe the miniblockchain addresses this criticism and I just missed it though.

I've been perpetually confused as to how the finite miniblockchain scheme can possibly be used to enforce data consensus in a byzantine generals problem-like network. I'd appreciate it if someone could ELI5 it to me.

It does it by having a blockchain and in that blockchain they store a merkel root hash of the database of all active addresses and their balances. In essense it solves it exactly the way bitcoin does, just at its core its being used to enforce consensus on a record of account balances rather than a record of transactions.

[Anon136]

So I've been trying to think what I could do to help the community. My last idea didn't work out. So I was thinking, what if I made it super easy for people to acquire monero.

1) Send bitcoin to address through blockchain.info with a note attached containing your monero address. (or alternatively digitally sign your monero address with what ever bitcoin address you send from)
2) I use that much bitcoin to perform a market order on the exchange
3) I send how ever much monero I am able to buy to your monero address

Would anyone be interested in this service. You benefit because you don't have to make an account a poloniex or find people in the otc. I benefit because people buying pushes up the price and i hold a monero or two myself.

The only thing is that maybe going onto the exchange and buying yourself is easy enough that this isnt worth it but im curious what you guys think. if this sounds like a service that would be super valuable to you than who am I to judge.

[binaryFate]

So I've been trying to think what I could do to help the community. My last idea didn't work out. So I was thinking, what if I made it super easy for people to acquire monero.

1) Send bitcoin to address through blockchain.info with a note attached containing your monero address. (or alternatively digitally sign your monero address with what ever bitcoin address you send from)
2) I use that much bitcoin to perform a market order on the exchange
3) I send how ever much monero I am able to buy to your monero address

Would anyone be interested in this service. You benefit because you don't have to make an account a poloniex or find people in the otc. I benefit because people buying pushes up the price and i hold a monero or two myself.

The only thing is that maybe going onto the exchange and buying yourself is easy enough that this isnt worth it but im curious what you guys think. if this sounds like a service that would be super valuable to you than who am I to judge.

Would probably be more interesting if you make it as automatic as possible (ie, immediate) with a fixed price. Fixed price not being absolute of course, but something like poloniex + N%.
Not knowing how much XMR you'll get when sending your BTC would be very hard to most people, I think.

[Anon136]

So I've been trying to think what I could do to help the community. My last idea didn't work out. So I was thinking, what if I made it super easy for people to acquire monero.

1) Send bitcoin to address through blockchain.info with a note attached containing your monero address. (or alternatively digitally sign your monero address with what ever bitcoin address you send from)
2) I use that much bitcoin to perform a market order on the exchange
3) I send how ever much monero I am able to buy to your monero address

Would anyone be interested in this service. You benefit because you don't have to make an account a poloniex or find people in the otc. I benefit because people buying pushes up the price and i hold a monero or two myself.

The only thing is that maybe going onto the exchange and buying yourself is easy enough that this isnt worth it but im curious what you guys think. if this sounds like a service that would be super valuable to you than who am I to judge.

Would probably be more interesting if you make it as automatic as possible (ie, immediate) with a fixed price. Fixed price not being absolute of course, but something like poloniex + N%.
Not knowing how much XMR you'll get when sending your BTC would be very hard to most people, I think.

I don't know enough about security to make something like this and not get hacked.

[statdude]

So I've been trying to think what I could do to help the community. My last idea didn't work out. So I was thinking, what if I made it super easy for people to acquire monero.

1) Send bitcoin to address through blockchain.info with a note attached containing your monero address. (or alternatively digitally sign your monero address with what ever bitcoin address you send from)
2) I use that much bitcoin to perform a market order on the exchange
3) I send how ever much monero I am able to buy to your monero address

Would anyone be interested in this service. You benefit because you don't have to make an account a poloniex or find people in the otc. I benefit because people buying pushes up the price and i hold a monero or two myself.

The only thing is that maybe going onto the exchange and buying yourself is easy enough that this isnt worth it but im curious what you guys think. if this sounds like a service that would be super valuable to you than who am I to judge.

Would probably be more interesting if you make it as automatic as possible (ie, immediate) with a fixed price. Fixed price not being absolute of course, but something like poloniex + N%.
Not knowing how much XMR you'll get when sending your BTC would be very hard to most people, I think.

I don't know enough about security to make something liek this and not get hacked.

Ive been pinged more than once buy buyers not willing to use exchange.