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

[aminorex]

I bought into XMR for security reason. These guys can't keep my money safe from themselves. Fuck it.  Stealthcoin it is then and thank god there's still time.

Did somebody put up a bounty for trolls from other coins?

I will pay 1 XMR for each troll scalp delivered to my private office in NYC.

[blaaaaacksuit]

I bought into XMR for security reason. These guys can't keep my money safe from themselves. Fuck it.  Stealthcoin it is then and thank god there's still time.

Did somebody put up a bounty for trolls from other coins?

I will pay 1 XMR for each troll scalp delivered to my private office in NYC.

I don't think there are enough xmr out there.

[illodin]

You might wanna do some research on me before you start calling me out.

Just a thought.

This post could be a good starting point for such research:
https://bitcointalk.org/index.php?topic=421615.msg8075339#msg8075339

[aminorex]

Ring signature and multiple one-time addresses is a good solution to a complete anonymity. But how scalable is it? After a certain amount of users and transactions it should be increasingly hard for the system to deal with all these complicated inputs and outputs. Should it be a problem after a certain level of user adoption?


From the Moore's law perspective CN is shouldn't face any significant problems. However, if network growth would absolutely sky-rocket this might pose a threat to the system. There are some bypasses in this case, which can be tested.

Ring signatures have a cost.  The benefit is provable, well-defined privacy.  Other schemes for provable, well-defined privacy pay even larger costs.  Ring signatures remain the only provable, well-defined privacy assurance available with present cryptographic technology which offers the level of usability which is achievable with ring signatures.  Other schemes make trade-offs which reduce significant usability factors.  Among those are size of the blockchain, transaction latency, and bandwidth consumption.

If you find something better, please bring it to my attention.  Thanks.

[aminorex]

I will pay 1 XMR for each troll scalp delivered to my private office in NYC.

I don't think there are enough xmr out there.

I'm more concerned about the plastic smell.

[aminorex]

You can't argue logically with shills (and expect to get anywhere). They're just doing their job.

True, that.  Still, unless they are addressed, the naive may take them seriously.  Unfortunately many lose their temper/humor due to the constant drip, drip, drip.

[smooth]

You can't argue logically with shills (and expect to get anywhere). They're just doing their job.

This is a very true point. I'm not really expecting to make any headway with people who have their opinions set in stone (due to allegiances with competing cryptocurrencies, due to paid shilling, or just misplaced hate & vitriol). It's more to provide some counterbalance for the sake of other, rational people who may be reading this thread.

Fair point, and thank you for your well thought out responses to that end.

[btell]

Hi to all!

I've read latest monero missive and some recent posts... I see no serious conceptual problems to Monero. It develops, may be a bit slowly, but there were reasons for that. Now, Monero is on the right rails, is not it?

From the other hand, I observe quite deep depression of XMR/BTC exchange rate on Poloniex. Also I observe deep depression of BTC/USD itself on BTC-e.

How do you think, guys, do both that depressions have the same reason? Or they are independent? Are they just speculations? Or there are fundamental problems I 've omitted from sight?

[5w00p]

Hi to all!

I've read latest monero missive and some recent posts... I see no serious conceptual problems to Monero. It develops, may be a bit slowly, but there were reasons for that. Now, Monero is on the right rails, is not it?

From the other hand, I observe quite deep depression of XMR/BTC exchange rate on Poloniex. Also I observe deep depression of BTC/USD itself on BTC-e.

How do you think, guys, do both that depressions have the same reason? Or they are independent? Are they just speculations? Or there are fundamental problems I 've omitted from sight?

I would file this under Rhetorical.

Too many variables.  I could ramble, maybe others will provide good insight, but the scope of your questions is just too great to be answered with any decency right here & now, imho.

[smooth]

Hi to all!

I've read latest monero missive and some recent posts... I see no serious conceptual problems to Monero. It develops, may be a bit slowly, but there were reasons for that. Now, Monero is on the right rails, is not it?

From the other hand, I observe quite deep depression of XMR/BTC exchange rate on Poloniex. Also I observe deep depression of BTC/USD itself on BTC-e.

How do you think, guys, do both that depressions have the same reason? Or they are independent? Are they just speculations? Or there are fundamental problems I 've omitted from sight?

The Monero Speculation thread is a better place for this. Not saying it is necessarily off topic here, but the people active on that thread will likely have more interesting things to say in response.

https://bitcointalk.org/index.php?topic=753252.0

[dEBRUYNE]

MEW - Monero Economy Workgroup communication

A taskforce is set up to address the issue of a possible "BCX exploit", and an ultimatum by BCX to find and fix it in 72 hours lest a serious attack is launched upon Monero.

The taskforce consists of several Monero developers, AnonyMint, CZ, jl777 and me.

There are differing opinions in the taskforce concerning the severity of the threat. No coinkiller is yet found and several avenues are probed. The members who have technical competence are talking about their views themselves.

Regardless of the outcome in the technical side, this is a serious economic attack on Monero - about 15% of the pre-ultimatum value is lost, and there is a great information asymmetry plaguing traders currently. It is notable that nobody has offered to borrow XMR for shorting (which I could provide against full guarantee deposit of BTC). Neither has anyone bought the PUT options. This means that the downside speculation has so far been limited to selling out from a trader's own stash. An economically motivated player who knows for sure about a lethal attack might decide to take leverage for personal gain.

I believe that the Monero devs are up to their task and can mitigate the potential exploit, and fix the code in preparation of the announced attack. I further believe that Monero will rise even stronger. Since I am not in possession of any knowledge that indicates that a realistic attack could take place, I can only estimate the probability that it exists unnoticed, and my estimate is 4-8%.

The MEW will be inaugurated on Tuesday, and also the devteam has important announcements (not related to the attack). Provided that our coin still exists, I am sure we have a great future ahead of us as a community with these new methods of organizing our activities for the mutual benefit.

Quoting for info

[UseTheFax]

Hi all,

I spent a few hours doing some research on BitcoinEXpress yesterday and posted my results here - https://bitcointalk.org/index.php?topic=790462

I could only find evidence that BCX was hired to demonstrate a GeistGeld flaw back in 2011, and had a genuine exploit for the Aurora KGW difficulty algo, but maybe someone else will find some evidence of these other coins he has apparently "killed".

From the available facts I can only reach two possible conclusions:

a) BCX is operating alone, in which case there is no exploit as he doesnt have the necessary skills, so this is just self promotion and market manipulation.

b) BCX is fronting for another person/people, who may think they have found an exploit. If it did indeed allow them to steal money from private wallets this seems to be a strange way of profiting from it - publicizing the threat in advance.


I have an alternate hypothesis for (b), which is that BCX's crypto-expert contact told him they had found some possible flaws in the Monero code, then his ego took that and ran with it. Does fit in with most of his previous "coin killing" exploits and its then perfect material for all the anti-Monero posters, whereby the magic of the BCX effect turns an unsubstantiated exploit claim into a verified doomsday device.

[Hueristic]

I never said I was leaving, just that in 2 days I would be back.

Like a lingering bad smell. The putrid stench of rotten advice coming from the fetid mind of a spiteful man.

LOL, people should be taking your advice???

The only advice I have to offer is that people shouldn't blindly trust unsubstantiated and unproven internet rumours, and should do their own due diligence and make their own assessment of risk. Whereas your advice seems to be 'OMG SOME BAD STUFF GOING DOWN, DUMP MONERO AND BUY STEALTHCOIN'.

I wonder which of those two pieces of advice an impartial external party would consider to be the most sensible?

StealthCoin? I thought he was Cloakcoin shill?

[Brilliantrocket]

I have an alternate hypothesis for (b), which is that BCX's crypto-expert contact told him they had found some possible flaws in the Monero code, then his ego took that and ran with it. Does fit in with most of his previous "coin killing" exploits and its then perfect material for all the anti-Monero posters, whereby the magic of the BCX effect turns an unsubstantiated exploit claim into a verified doomsday device.

If this is the case, good job to whoever baited him.

[btell]

Hi to all!

I've read latest monero missive and some recent posts... I see no serious conceptual problems to Monero. It develops, may be a bit slowly, but there were reasons for that. Now, Monero is on the right rails, is not it?

From the other hand, I observe quite deep depression of XMR/BTC exchange rate on Poloniex. Also I observe deep depression of BTC/USD itself on BTC-e.

How do you think, guys, do both that depressions have the same reason? Or they are independent? Are they just speculations? Or there are fundamental problems I 've omitted from sight?

The Monero Speculation thread is a better place for this. Not saying it is necessarily off topic here, but the people active on that thread will likely have more interesting things to say in response.

https://bitcointalk.org/index.php?topic=753252.0

Thank you very much. I did not know about that very interesting thread.

[infofront]

Moneroman88, while being an obvious and not particularly bright troll, ended up being one of the most effective trolls I've ever seen.

[generalizethis]

Are you joking... So if bitcoin was deemed to be flawed and was going to die would you call the first guys to sell panic sellers?

I'd call them smart money.

Deemed to be flawed by nobody important.

Don't you have another thread to go be annoying in?

You mean everyone important. Stop running your mouth and go try to fix your fucking coin.

What a dumbass you are. Sitting here arguing with investors while your other team members and yourself dump.

Fuckoff!

How about you follow your own advice and fuck off out of this thread? I'm sure they could use your 'expertise' back in the stealthcoin thread. You've clearly made your point here and as far as I can tell you're only still in this thread trying to scare Monero supporters into your waiting stealthcoin arms.

At the moment, there has been no confirmed exploit in Monero. And there won't be a confirmed exploit until someone either provides specific technical details or actually carries it out either on the main Monero blockchain or the testnet block chain. Even then, the impact of such an attack is uncertain. Given the XMR dev team's track record of dealing with blockchain attacks, it's entirely possible they'll quickly catch it, perform remedial action, and then put in place measures to prevent it from happening in the future.

It's not smart money to be shaken out of the tree by unsubstantiated and unproven rumours. Specially not if you end up wrong after following the rumour and end up having to buy back in for higher than you cashed out at.

Good luck with all that. In 2 days I'll be back to see how that fix is coming along.

HAHAHA

If it's dead, you have no reason to be here. It's dead and that's that. You should be busy attacking a coin that isn't dead and stealing investors from the coin you represent. Right now, all you are doing is annoying people who don't want your coin and want it even less with every vitriolic word you type on the screen.

[barwizi]

This coin has been tagged for participation in Project XUC :- Project XUC

[drawingthesun]

This coin has been tagged for participation in Project XUC :- Project XUC

Interesting, so if we agree, each Monero holders gets some XUC, but the development team do not have to make any changes at all to the network?

Is this correct?

[Bobsurplus]

XUC??? WTF is that???

I thought this was XMR... Oh wait.. Its dying.. I get it......

#Stealthcoin for the win.