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

[novag]

Monero RIP?

[1715155528]

1715155528

[iCEBREAKER]

It's been known from day one what Monero intends to be. A very good working anonymous CryptoCurrency.

This means secure, stable, having a GUI, being efficient. There is a long way to go.

However it does not mean becoming an apps platform (nxt, ethereum), it does not mean being a game (huc), it does not mean being some chat program (xc). It means being an anonymous CryptoCurrency.

What is it that you don't understand iCEBREAKER, or are you just being a lame troll once more?

In fact, do you ever have anything worthwhile to say on these forums?

We know what Monero's goal is, my question was a request to clarify how we get there from here.

As to your last question...

I had something worthwhile to say, that you ignored, along the lines of "drawingthesun, you are an idiot for investing in an obvious scam like Active Virtual IntelliHash Mining." 
You called me a lame troll back then too.   How much did that mistake cost you?
I had something worthwhile to say, that you ignored, along the lines of "drawingthesun, you are an idiot for investing in an obvious scam like LabCoin." 
You called me a lame troll back then too.   How much did that mistake cost you?
I had something worthwhile to say, that you ignored, along the lines of "drawingthesun, you are an idiot for investing in an obvious scam like BTCgarden." 
You called me a lame troll back then too.   How much did that mistake cost you?

 

[Oscilson]

Another day of CHEAP Monero at Poloniex :-)

added: Does anyone thinks this is related to the fact that the three biggest Chinese BTC exchanges currently produce 75% of the daily BTC trading volume? (They charge 0% transaction fee on BTC/CNY trades...)

The volume from exchanges charging  0% transaction fee does not count.

[smooth]

It's been known from day one what Monero intends to be. A very good working anonymous CryptoCurrency.

This means secure, stable, having a GUI, being efficient. There is a long way to go.

However it does not mean becoming an apps platform (nxt, ethereum), it does not mean being a game (huc), it does not mean being some chat program (xc). It means being an anonymous CryptoCurrency.

What is it that you don't understand iCEBREAKER, or are you just being a lame troll once more?

In fact, do you ever have anything worthwhile to say on these forums?

That is a bit unfair. iCEBREAKER was asking about the short term project model. My answer, though a bit terse, was that we aren't constrained to a specific precedent, and will make our own model. At the moment I would say a combination of a hobby project, a sponsored project (with the individual core team members being significant sponsors) and a community-funded project through both individual donations and MEW membership fee-based donations.

[smooth]

MoneroPool.com is fluctuating close to 50% of the total network hashrate (sometimes goes even above 50%).
Could the devs post here and in the unmoderated thread to urge miners to spread the hashrate around a bit? (It wouldn't hurt to mention cryptonotepool.org.uk as a pool donating 100% of fees to development, and also updated with the latest patch)
I know you have done this many times, but apparently it wasn't enough.

^ Important.

If you are mining on moneropool.com, please spread out to other pools. There is a list of pools here: https://bitcointalk.org/index.php?topic=583449.0

If possible please allocate some of your hash to solo mining. One way to do that is to solo mine on your CPU while you pool mine on your GPUs. You will get steady payments from your pool mining with maximum contribution to the security of the network and sporadic but bigger rewards from your solo mining. Likewise, if you are running a wallet/node/client, please activate mining in the node using the start_mining command. Every bit of hash rate helps.

In all cases with pool mining please make sure you have backup pools configured, especially with smaller pools as backups, since DDoS against larger pools is always a serious threat to any coin.

[bigj]

Another day of CHEAP Monero at Poloniex :-)

added: Does anyone thinks this is related to the fact that the three biggest Chinese BTC exchanges currently produce 75% of the daily BTC trading volume? (They charge 0% transaction fee on BTC/CNY trades...)

The volume from exchanges charging  0% transaction fee does not count.

Why do you think so? Don't they have an impact on the price like all the other exchanges?

[Oscilson]

Another day of CHEAP Monero at Poloniex :-)

added: Does anyone thinks this is related to the fact that the three biggest Chinese BTC exchanges currently produce 75% of the daily BTC trading volume? (They charge 0% transaction fee on BTC/CNY trades...)

The volume from exchanges charging  0% transaction fee does not count.

Why do you think so? Don't they have an impact on the price like all the other exchanges?

Some (maybe most) trades are done by the exchange itself to bloat the volume.

[bigj]

Another day of CHEAP Monero at Poloniex :-)

added: Does anyone thinks this is related to the fact that the three biggest Chinese BTC exchanges currently produce 75% of the daily BTC trading volume? (They charge 0% transaction fee on BTC/CNY trades...)

The volume from exchanges charging  0% transaction fee does not count.

Why do you think so? Don't they have an impact on the price like all the other exchanges?

Some (maybe most) trades are done by the exchange itself to bloat the volume.

That would still affect the price, no?

[e-coinomist]

The volume from exchanges charging  0% transaction fee does not count.

Why do you think so? Don't they have an impact on the price like all the other exchanges?

Some (maybe most) trades are done by the exchange itself to bloat the volume.

Some (maybe most) trades are done by the exchange itself to bloat the volume AND it doesn't matter if they pay fees for doing so ... to themselfes! Here's the part with the logic, you missed that one out.

So if >xy% of all trades are done in country Z, that means that most of the trade happens there, not elsewhere. I think they have that ASIC mining monopoly, too.

[oda.krell]

Question for the devs:

What are complications to implement a lightweight client, similar to, say, Electrum, for Monero? Possible / impossible / difficult but possible?


In my experience, one of the easiest ways to get people involved in Bitcoin is getting them set up with Electrum: They avoid the hassle of running the full client, but they are in absolute control of their private keys (as opposed to web based wallets services.)

If I could submit only one missive after "official GUI client", it would be that: Electrum (or similar) for Monero.

[Febo]

I'm curious as to how the original bitcoin devs got funding in their early days. How were they able to perform such an amazing service to the world by maintaining such bad original code, and steering the ship among many of the early catastrophes? Perhaps angel investors gave them hundreds of thousands of dollars.

They mined huge amount of BTC, before other people know about it. This was not only  the case with bitcoin but with 90% of other coins or better 99%. If you own 30% of coins you know you basically work for yourself. if you own 1% coins, you mainly work for others. And not just work. but also pay bills for them.


@novag
Monero price is always low at beginning of month. in 2 weeks time will go up again. unless dramaquen team will bring another soap opera.

[fluffypony]

Question for the devs:

What are complications to implement a lightweight client, similar to, say, Electrum, for Monero? Possible / impossible / difficult but possible?


In my experience, one of the easiest ways to get people involved in Bitcoin is getting them set up with Electrum: They avoid the hassle of running the full client, but they are in absolute control of their private keys (as opposed to web based wallets services.)

If I could submit only one missive after "official GUI client", it would be that: Electrum (or similar) for Monero.

Difficult but possible. We are thinking about ways of doing this (besides the obvious hand-your-viewkey-to-a-server), so it is on the cards:)

[smooth]

I'm curious as to how the original bitcoin devs got funding in their early days. How were they able to perform such an amazing service to the world by maintaining such bad original code, and steering the ship among many of the early catastrophes? Perhaps angel investors gave them hundreds of thousands of dollars.

They mined huge amount of BTC, before other people know about it.

At the time, there was absolutely no assurance it would ever be worth anything, and indeed it took years to be worth anything. Without the benefit of hindsight we can't even really say that the effort and electricity they put into mining was even a good investment.

They mined it because it was easy and they believed it might someday be worth something, but it certainly wasn't a direct funding method for the project.

This was not only  the case with bitcoin but with 90% of other coins or better 99%. If you own 30% of coins you know you basically work for yourself. if you own 1% coins, you mainly work for others. And not just work. but also pay bills for them.

I consider most of those to be very, very different because market and value (at least some value, even if the amount might be unknown in advance) for such coins had already been established. In the case of Bitcoin it was a complete leap of faith.

[TooDumbForBitcoin]

Saw this today in the BBR thread

Sorry if it looks shady.

If the question was about CN developers, then yes, we do.
Whatever value we get in each 720s block we pay 10% of this to CN founders.

Zoidberg

Question for the XMR developers:  Do CN founders receive, by contract or automation, any proceeds from XMR mining that they (CN founders) don't  mine themselves?

Apologies if this has been recently addressed.

[smooth]

Saw this today in the BBR thread

Sorry if it looks shady.

If the question was about CN developers, then yes, we do.
Whatever value we get in each 720s block we pay 10% of this to CN founders.

Zoidberg

Question for the XMR developers:  Do CN founders receive, by contract or automation, any proceeds from XMR mining that they (CN founders) don't  mine themselves?

No.

We don't even have any idea who the Cryptonote founders are, but there is so much scam surrounding the whole Cryptonote story that I would likely resign the project if we started giving them anything.

Hope that is clear.

[e-coinomist]

oh my did just the last posting of http://coinblab.com/ and my reply on it got deleted?

Taletelling 

[Nekomata]

XMR is the future.

[smooth]

oh my did just the last posting of http://coinblab.com/ and my reply on it got deleted?

Taletelling 

If it did, it was by forum mods, not us. This is not a self-moderated thread.

[e-coinomist]

If it did, it was by forum mods, not us. This is not a self-moderated thread.

I know. They had been advertising a different forum. Not that much XMR related. This statement is contradicting myself, since I would not mind a dedicated Monero forum. New coin, new social environment.

[DStefanov]

Does anyone know when it will open Mintpal?