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

[smooth]

Whats up with this?
http://www.slideshare.net/boolberry/boolberry-solves-cryptonoteflaws-37055246

It refers to a well known privacy issue on CN coins. We've had a fix for this in the development for weeks now after corresponding with a Bitcoin core devs that should be more effective than the solution for Boolberry, we're just waiting until the core of the software is more mature before we roll it out.

tacotime, it's very important to put this answer sticky this thread or somewhere std. FAQ location!

Otherwise, newbies are coming and asking it again and again, to test our patience.

Dear newbies, read tacotime's answer twice, Monero devs are much more academic guys than you suppose, so they do know what things to go when.

Added to FAQ thread https://bitcointalk.org/index.php?topic=686086.0

[smooth]

This may have already been covered, but has anyone addressed the problem that AnonyMint has brought up? He seems like a very smart guy, and this should be worth looking into.

This is very preliminary, but it appears to me that all anonymous coins based on unlinkability will not be able to solve the very serious double-spend threat.

If am correct, this is both a major and fundamental solution for longest chain rule of proof-of-work, but it also eliminates unlinkability as a anonymity solution.

Sorry to say. Again this is preliminary, and needs more peer review.

Dear Monero devs, please answer this stuff.

My English is not well to understand what does AnonyMint speak about. I just feel, he sheds light on possible fundamental vulnerability that says unlinkability is not compatible with longest chain rule of proof-of-work. I may mistake.

He's referring to the fact that private transactions are not compatible with one particular tweak he has come up with for how blockchains work. His tweak is not a generally accepted method at all, nor it is generally accepted that such a tweak is needed to address the issues raised (though this does not necessarily imply the opposite), and is not implemented in any coin whatsoever.

tldr: not relevant to any existing coin

[fluffypony]

Dear Monero devs, please answer this stuff.

My English is not well to understand what does AnonyMint speak about. I just feel, he sheds light on possible fundamental vulnerability that says unlinkability is not compatible with longest chain rule of proof-of-work. I may mistake.

Key images are a unique property of the CryptoNote protocol that prevent double spends.

To quote gmaxwell and andytoshi, one of which is a core Bitcoin developer and the other is someone who truly understands both mathematics and cryptography:

Double-spending is prevented using a so-called "key image", a novel feature of BRS. The key image is a component of a BRS signature which is determined entirely by the private key used to produce the signature. This means that two signatures which use the same private key, i.e. which try to spend the same coin twice, will have the same key image. Thus preventing double-spending is as easy as ensuring that the same key image never appears twice. (On the other hand, the key image cannot be inverted to obtain the original private key; thus in the absense of double-spending attempts it cannot be used to deanonymize the signature.)

That is the end of this discussion, and I would suggest we not get caught up in random and nonsensical panic attacks just because someone claims a particular flaw exists when it doesn't.

[btell]

Dear Monero devs, please answer this stuff.

My English is not well to understand what does AnonyMint speak about. I just feel, he sheds light on possible fundamental vulnerability that says unlinkability is not compatible with longest chain rule of proof-of-work. I may mistake.

Key images are a unique property of the CryptoNote protocol that prevent double spends.

To quote gmaxwell and andytoshi, one of which is a core Bitcoin developer and the other is someone who truly understands both mathematics and cryptography:

Double-spending is prevented using a so-called "key image", a novel feature of BRS. The key image is a component of a BRS signature which is determined entirely by the private key used to produce the signature. This means that two signatures which use the same private key, i.e. which try to spend the same coin twice, will have the same key image. Thus preventing double-spending is as easy as ensuring that the same key image never appears twice. (On the other hand, the key image cannot be inverted to obtain the original private key; thus in the absense of double-spending attempts it cannot be used to deanonymize the signature.)

That is the end of this discussion, and I would suggest we not get caught up in random and nonsensical panic attacks just because someone claims a particular flaw exists when it doesn't.

Thank you very much for answer, fluffypony;
smooth, could you add this to FAQ too, as you are likely a thread owner?

[Luschtiha]

Poloniex is considering to add a XMR market.

Just some Trollbox news.

coinup: busoni@poloniex, XMR and poloniex... it's a love story now. Why don't you drop LTC parity for XMR one?

busoni@poloniex: coinup, it's definitely an idea I'm considering.

[Luschtiha]

Poloniex is considering to add a XMR market.

Poloniex is experiencing problems right now. I have been unable to access in the last 20 minutes.

I have no problems, trollbox and trading works like it should.

[thefunkybits]

After taking a good look at this coin I'm really wondering why this hasn't been picked up by Cryptsy yet...

[Patel]

After taking a good look at this coin I'm really wondering why this hasn't been picked up by Cryptsy yet...

They probably don't know how to implement it

[cAPSLOCK]

After taking a good look at this coin I'm really wondering why this hasn't been picked up by Cryptsy yet...

They probably don't know how to implement it

It is most certainly the fact the CN coins require implementation as well as the fact they are currently a support drain.

Seems Poloniex and HitBTC are battling it out in the CN space.  HitBTC added ALL the other CN coins.

[binaryFate]

Poloniex is considering to add a XMR market.

Just some Trollbox news.

coinup: busoni@poloniex, XMR and poloniex... it's a love story now. Why don't you drop LTC parity for XMR one?

busoni@poloniex: coinup, it's definitely an idea I'm considering.

coinup was me. Busoni said the LTC market is currently pretty useless to them. From a very practical perspective, they would make more money by switching to XMR.
This is kind of "boom" event if it happens I think, as many newcomers would realize XMR is indeed something big.

[AceCobra1]

Why is the coin suddenly rebounding back today ?

[fluffypony]

Why is the coin suddenly rebounding back today ?

Because of the news. Didn't you read the news? The market only ever moves on the news.

/thread

[pookielax31]

Why is the coin suddenly rebounding back today ?

Because of the news. Didn't you read the news? The market only ever moves on the news.

/thread

Get ready for ....(INSERT FUD HERE)

[rpietila]

Why is the coin suddenly rebounding back today ?

Because of the news. Didn't you read the news? The market only ever moves on the news.

/thread

Get ready for ....(INSERT FUD HERE)

Wtf are you even talking about? It's up +27.4% from yesterday.

[owlcatz]

Why is the coin suddenly rebounding back today ?

Because of the news. Didn't you read the news? The market only ever moves on the news.

/thread

Get ready for ....(INSERT FUD HERE)

Wtf are you even talking about? It's up +27.4% from yesterday.

http://www.coinssource.com/monero-interview/

[Nathonas]

Why is the coin suddenly rebounding back today ?

No particular reason, it's always been a solid coin, it just has pump/dump periods like any other popular coin.

[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  

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

warmer 

[Primitive]

doesnt it make ya'll a little uneasy when it goes up THIS fast?

XMR owner, not troll

[TeeBone]

Where are the rocket/train pics ? I demand some NOW !  

[twistelaar]

My feeling is that Monero will hit 100$+ next year, Bitcoin will be at least around 2000$ so 100$ for Monero is defintly realistic