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

[bigj]

Hey dga,
big thank you for your blog post

http://da-data.blogspot.de/2014/08/minting-money-with-monero-and-cpu.html

and congrats for being the lucky guy (right time, right spot, this is a Hollywood blueprint).

It was my pleasure to have read it! Looking forward to read more from you!

[daWallet]

To their credit, the Monero devs have always been up-front that there's a lot of work to be done with respect to auditing, both in cryptography and design, and in implementation, and they've made credible progress at doing so.  One hopes that any baggage from the cryptonote/bytecoin fork has been priced in and is well understood by the community, given that the coin's been around for months and the developers have been very up front about these things and their plans for addressing those risks.

Well, it was late at night, my english is not the best and I'm not really into it.
I misinterpret it - it was actually made on purpose by the bytecoin devs or cryptonote or whatever. Sorry for that.

Still don't understand all the insults and hostility here. WTF?

[fluffypony]

Still don't understand all the insults and hostility here. WTF?

The hostility is because you came onto this thread and said "I read that the dev made that on purpose. Just wanted to inform you. I'm not and will Not be invested in your monero." That's pretty aggressive, I'm not surprised it invited hostility.

To quip the Godfather: "You don't ask with respect. You don't offer friendship. You don't even think to call us the core team. Instead, you come into our house on the day dga is to post his blog article, and you insult us about Monero."

[saddambitcoin]

Having some trouble getting bitmonerod v0.8.8.3 to run on Linux.  It starts up looking fine but when I get to "Loading blockchain..." the whole computer freezes up for about 5 minutes, then eventually I get the message "Killed". Any ideas?

[hologram]

Not enough RAM ?

[saddambitcoin]

Not enough RAM ?

Aha. I have 4GB of RAM on the computer in question but maybe that is the issue. The last time I ran bitmonerod on this computer was 2 months ago. Went to upgrade to the new version and haven't been able to get it working. No big deal though I can still run simplewallet and use it as an offline address generator.

[aminorex]

Not enough RAM ?

Aha. I have 4GB of RAM on the computer in question...

And so it begins.

I smell a buying opportunity coming up.

[Majormax]

I must say that I am impressed with the dev team.  Obviously more money pouring in would help things roll out faster but finding open palms is somewhat hard with all the scams brought onto the forums.

I remember the BTC infancy days and all the problems.  Monero seems to be BTC2.0 but in a hyperaccelerated state.

+1

The fog of scams and pump/dump schemes has made it harder to indentify real utility. Some currencies have real advances and will succeed, but some also will not survive, even if they are better.

The correct sort of development with promotion and funding will make the difference.

[superresistant]

Not enough RAM ?

Aha. I have 4GB of RAM on the computer in question but maybe that is the issue. The last time I ran bitmonerod on this computer was 2 months ago. Went to upgrade to the new version and haven't been able to get it working. No big deal though I can still run simplewallet and use it as an offline address generator.

I know that on Linux, it comes from the swap size.
To fix it, increase the swap size.

[Mumbles]

i would not say it's "horrifically user unfriendly", but it's not like most wallets for sure - I'm sorry that most people today are petrified/scared/turned off by CLI, but as an old school dude, i love it to be honest. i don't care about the gui wallet, it will just inflate the price once it comes, making them harder/more expensive to buy.

Unfortunately the fact that you have that view makes you unsuitable to comment on the user friendliness required for a successful coin. Think about the process of using CoinBase to buy and sell and send BTCs. Then compare that to Monero's process.

Monero needs to have that level of simplicity and elegance for ease of use in order to get the non technical masses to adopt. No one other than technical geeks is going to be even attempting to use a command line. And that population is about 1% or less of the potential base.

I think everyone on here pretty much understands this at this point. Design for Grandma and you win. Design for Linus Torvalds and you lose.

The good news is that the new GUI looks excellent, and will be a nice step forward. The pace of development in other areas like the database, etc... is horribly slow though, so it remains to be seen whether some other BCN clone or other coin ends up leapfrogging XMR and winning in the marketplace. The hard part with new paradigms is that the best technology doesn't always win. Its the one that is "good enough" and gets the most attention/network effect that will win.

[georgehosterguy]

Unfortunately the fact that you have that view makes you unsuitable to comment on the user friendliness required for a successful coin. Think about the process of using CoinBase to buy and sell and send BTCs. Then compare that to Monero's process.

Monero needs to have that level of simplicity and elegance for ease of use in order to get the non technical masses to adopt. No one other than technical geeks is going to be even attempting to use a command line. And that population is about 1% or less of the potential base.

Haha ya "i love to use command lines to move money around in a dos prompt with different colored text ... it makes me feel smart"

don't think that makes you qualified to use "user friendly" in the same sentence there guy

"Hey grandma ... see you just type send and use copy / pase ... no grandma don't type it out the address ... it will take too long.  No grandma .. no no ...

   

"Please quit yelling at me grandma   it's user friendly for cli plus it makes you feel smart.  It will help your brain stay agile grandma  

awww grandma ... why did you erase me from your will?  I was just trying to support my favorite coin "

Ya I'd say OFFICIAL GUI ASAP so grandma doesn't get upset 

[5w00p]

GUI wallet talk = beatdown of a deceased equine

[Triffin]

Monero is purposely not easy at this point in time ..
A gambit that may backfire .. time will tell  ..

Triff ..

[cAPSLOCK]

Monero is purposely not easy at this point in time ..
A gambit that may backfire .. time will tell  ..

Triff ..

I'm not sure I'd call it entirely a gambit.  Perhaps it is parlaying the situation.

I believe the devs when they say:

1.  They want to do the work deliberately and carefully.
2.  They have some fundamental changes to make (database, clean up etc.) first.
3.  They all have limited time as they are not getting rich from a premine and therefore work.

Then the idea that "slow to bring features" which will allow the less tech adept to enter is a side effect of the current focus and pace.

I agree with you though it could backfire.  And the longer they take to get some fundamental coding finished the more likely the failure.

I don't think we are in danger yet, but I'd still like to see some notable progress soon.

[smooth]

Monero is purposely not easy at this point in time ..
A gambit that may backfire .. time will tell  ..

Triff ..

I'm not sure I'd call it entirely a gambit.  Perhaps it is parlaying the situation.

I believe the devs when they say:

1.  They want to do the work deliberately and carefully.
2.  They have some fundamental changes to make (database, clean up etc.) first.
3.  They all have limited time as they are not getting rich from a premine and therefore work.

Then the idea that "slow to bring features" which will allow the less tech adept to enter is a side effect of the current focus and pace.

I agree with you though it could backfire.  And the longer they take to get some fundamental coding finished the more likely the failure.

I don't think we are in danger yet, but I'd still like to see some notable progress soon.

There is most certainly no gambit. We have provided temporary solutions while we do important work on the foundation:

1. Memory/database: Increase swap space, this is reported to work fine for storing the blockchain in virtual memory (most of the blockchain is never accessed so it can safely stay in swap with acceptable performance).

2. GUI: Use one of the third party GUIs, the development of which we sponsored and supported (and continue to support, if unofficially).

[nioc]

Me and my Misses are missing the Missive.

We are however patient.

[wachtwoord]

The risk of not holding monero is infinitely bigger than that of holding it.

With not holding, you can lose a sum equal to 1000x your net worth.

With holding, you can maximum lose the amount invested.

Sounds like Pascal's wager. That can never be the reason to do it.

[owlcatz]

i would not say it's "horrifically user unfriendly", but it's not like most wallets for sure - I'm sorry that most people today are petrified/scared/turned off by CLI, but as an old school dude, i love it to be honest. i don't care about the gui wallet, it will just inflate the price once it comes, making them harder/more expensive to buy.

Unfortunately the fact that you have that view makes you unsuitable to comment on the user friendliness required for a successful coin. Think about the process of using CoinBase to buy and sell and send BTCs. Then compare that to Monero's process.

Monero needs to have that level of simplicity and elegance for ease of use in order to get the non technical masses to adopt. No one other than technical geeks is going to be even attempting to use a command line. And that population is about 1% or less of the potential base.

I think everyone on here pretty much understands this at this point. Design for Grandma and you win. Design for Linus Torvalds and you lose.

The good news is that the new GUI looks excellent, and will be a nice step forward. The pace of development in other areas like the database, etc... is horribly slow though, so it remains to be seen whether some other BCN clone or other coin ends up leapfrogging XMR and winning in the marketplace. The hard part with new paradigms is that the best technology doesn't always win. Its the one that is "good enough" and gets the most attention/network effect that will win.

Ok, i can take that bit of criticism no problem, and I guess you have a valid point there, i may not be the best to evaluate that part, but again, I disagree with the "Horrifically user unfriendly" part - Why?? 1 reason - if that were truly the case, this coin would have been DOA, but.. it's... not... so... ... meh, sorry.. you get my point i think.  

The wallet will come. until then. I'll continue to feel "Smart" because i can type in a dos box and move thousands of dollars around quite easily and safely ... (LMFAO at sock puppet #2 below your post .. good grief)...

[rpietila]

The risk of not holding monero is infinitely bigger than that of holding it.

With not holding, you can lose a sum equal to 1000x your net worth.

With holding, you can maximum lose the amount invested.

Sounds like Pascal's wager. That can never be the reason to do it.

I may be strange in that it seems perfectly valid to me. I pay taxes, because by paying, I lose only the sum invested, but by not paying, I risk unforeseen consequences. With Monero there is at least some upside, unlike in paying taxes which is a genuine lose-lose...

[owlcatz]

GUI wallet talk = beatdown of a deceased equine

+100 , omg, so sick of it... Here's the deal people - If you are afraid or not technically smart enough to understand or use "simplewallet.exe"'s EXTREMELY SIMPLE CLI interface, then XMR "may" not be right for you at present time.

If that is the case, but you still wish to use the coin, go use the official unofficial guis.

Or, simply... just go.

- peace out!