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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4554482 times)
Shrikez
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November 04, 2014, 09:41:42 AM
 #16601

veh vant zeh missives! Achtung!

 Grin

Hah - you and me both!

Internet has been a bit spotty whilst I've been travelling, but we are busy finalising the Missive and will push it out as soon as the new Monero builds are done with testing, so within the next 12 hours at the most;)

I was just jesting anyway. It's more curiosity than urgency.

Keep up the good work.


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November 04, 2014, 01:51:39 PM
 #16602

http://www.wired.com/2014/11/darkcoin-and-online-drug-dealers/
Quote
Over the last month, two of the dark web markets selling an anonymous, mail-order catalog of narcotics and other contraband have begun supporting darkcoin transactions. On a site called Nucleus, visitors can now use darkcoin to buy LSD, MDMA, and marijuana. On the competing market Diabolus, dealers accept it for cocaine, synthetic stimulants like ethylone and alpha-PVP, and even counterfeit Euros. Those two markets still represent only a tiny fraction of the growing dark web drug economy—most of which uses bitcoin exclusively.

We cannot wait too long before going full steam on marketing.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
dnaleor
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November 04, 2014, 02:11:01 PM
 #16603

http://www.wired.com/2014/11/darkcoin-and-online-drug-dealers/
Quote
Over the last month, two of the dark web markets selling an anonymous, mail-order catalog of narcotics and other contraband have begun supporting darkcoin transactions. On a site called Nucleus, visitors can now use darkcoin to buy LSD, MDMA, and marijuana. On the competing market Diabolus, dealers accept it for cocaine, synthetic stimulants like ethylone and alpha-PVP, and even counterfeit Euros. Those two markets still represent only a tiny fraction of the growing dark web drug economy—most of which uses bitcoin exclusively.

We cannot wait too long before going full steam on marketing.


indeed. I'm waiting for webwallet/GUI to start actively advertising on the darknet though... it just doesn't make sense to do it now.

Searching for a trusted escrow service? Check my trust. I use a Trezor device for my escrow services, so your coins are safe. Fee: 0.5% or 0.05 BTC, whichever is lower
I support the largest public transparent p2p ledger Bitcoin (16TwXyEmpz7xKHbyVufZECXGFmUH9wHUyW) and the best private fungible digital cash Monero (dnaleor.weuse.cash)
Cetere mi opinias ke Dasho estas detruenda.     |     1Credit - Fair emission, better than BTC > CLCqECaYpCahgKRsXJiVBzgsiz57ZHfr4u
superresistant
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November 04, 2014, 03:13:17 PM
 #16604

http://www.wired.com/2014/11/darkcoin-and-online-drug-dealers/
Quote
Over the last month, two of the dark web markets selling an anonymous, mail-order catalog of narcotics and other contraband have begun supporting darkcoin transactions. On a site called Nucleus, visitors can now use darkcoin to buy LSD, MDMA, and marijuana. On the competing market Diabolus, dealers accept it for cocaine, synthetic stimulants like ethylone and alpha-PVP, and even counterfeit Euros. Those two markets still represent only a tiny fraction of the growing dark web drug economy—most of which uses bitcoin exclusively.
We cannot wait too long before going full steam on marketing.
indeed. I'm waiting for webwallet/GUI to start actively advertising on the darknet though... it just doesn't make sense to do it now.

Agree, let's wait for a stable webwallet/GUI.
Be patient everyone, I feel that it's gonna get really big.
Darkcoin bring nothing new to anonymity, it is just Bitcoin with a paying coin-mixer and constant press spamming.
Do not fall for it.
BanditryAndLoot
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November 04, 2014, 03:14:48 PM
 #16605

Agree, let's wait for a stable webwallet/GUI.
Be patient everyone, I feel that it's gonna get really big.

And website

And it's only at the end of fall, that we discover it was naught but the wind that knew when one particular leaf was to fall from one particular tree, only to land in one distinct spot .. to be left for an eternity, and waste its time in a wait sublime. C0A2A1C4
binaryFate
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November 04, 2014, 03:21:01 PM
 #16606

http://www.wired.com/2014/11/darkcoin-and-online-drug-dealers/
Quote
Over the last month, two of the dark web markets selling an anonymous, mail-order catalog of narcotics and other contraband have begun supporting darkcoin transactions. On a site called Nucleus, visitors can now use darkcoin to buy LSD, MDMA, and marijuana. On the competing market Diabolus, dealers accept it for cocaine, synthetic stimulants like ethylone and alpha-PVP, and even counterfeit Euros. Those two markets still represent only a tiny fraction of the growing dark web drug economy—most of which uses bitcoin exclusively.
We cannot wait too long before going full steam on marketing.
indeed. I'm waiting for webwallet/GUI to start actively advertising on the darknet though... it just doesn't make sense to do it now.

Agree, let's wait for a stable webwallet/GUI.
Be patient everyone, I feel that it's gonna get really big.
Darkcoin bring nothing new to anonymity, it is just Bitcoin with a paying coin-mixer and constant press spamming.
Do not fall for it.



The danger is not that the average Joe on the bitcointalk forum falls for it, but that the black market websites operators do.
It's not always the superior technology that succeeds. Network effect is a bitch when it's against you.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
Come-In-Behind
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November 04, 2014, 04:37:25 PM
 #16607

http://www.wired.com/2014/11/darkcoin-and-online-drug-dealers/
Quote
Over the last month, two of the dark web markets selling an anonymous, mail-order catalog of narcotics and other contraband have begun supporting darkcoin transactions. On a site called Nucleus, visitors can now use darkcoin to buy LSD, MDMA, and marijuana. On the competing market Diabolus, dealers accept it for cocaine, synthetic stimulants like ethylone and alpha-PVP, and even counterfeit Euros. Those two markets still represent only a tiny fraction of the growing dark web drug economy—most of which uses bitcoin exclusively.
We cannot wait too long before going full steam on marketing.
indeed. I'm waiting for webwallet/GUI to start actively advertising on the darknet though... it just doesn't make sense to do it now.

Agree, let's wait for a stable webwallet/GUI.
Be patient everyone, I feel that it's gonna get really big.
Darkcoin bring nothing new to anonymity, it is just Bitcoin with a paying coin-mixer and constant press spamming.
Do not fall for it.



The danger is not that the average Joe on the bitcointalk forum falls for it, but that the black market websites operators do.
It's not always the superior technology that succeeds. Network effect is a bitch when it's against you.


Monero can still easily win favor on the Darknet markets but time is limited(probably within the next 6 months to a slightly more than a year). Darkcoin's only been accepted at a market that was specifically made to accept DRK(probably made by a drk holder/supporter etc).

I'm hoping the GUI would propel Monero to become accepted at the majority of the darknet markets(the ones that are already very popular and used like that agora one; No feds, I have never gone on the darknet markets, this all comes from simple research Tongue).
papa_lazzarou
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November 04, 2014, 04:42:41 PM
 #16608


indeed. I'm waiting for webwallet/GUI to start actively advertising on the darknet though... it just doesn't make sense to do it now.

The darknet guys value a GUI more than privacy? I would have thought that they'd jump in on a sniff of decentralized provable privacy.

|| Monero Blocks - The Monero Block Explorerdonate.moneroblocks.info ||
burnbabyburn71
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November 04, 2014, 05:07:01 PM
 #16609

http://www.altcointoday.com/xmr-monero-price-trending-downwards/

Good time to buy in I guess

Web Dev | General Graphics Design | Windows/Linux Wallet Compiles | Certified member of the BCs
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November 04, 2014, 05:55:14 PM
 #16610

http://www.wired.com/2014/11/darkcoin-and-online-drug-dealers/
Quote
Over the last month, two of the dark web markets selling an anonymous, mail-order catalog of narcotics and other contraband have begun supporting darkcoin transactions. On a site called Nucleus, visitors can now use darkcoin to buy LSD, MDMA, and marijuana. On the competing market Diabolus, dealers accept it for cocaine, synthetic stimulants like ethylone and alpha-PVP, and even counterfeit Euros. Those two markets still represent only a tiny fraction of the growing dark web drug economy—most of which uses bitcoin exclusively.
We cannot wait too long before going full steam on marketing.
indeed. I'm waiting for webwallet/GUI to start actively advertising on the darknet though... it just doesn't make sense to do it now.

Agree, let's wait for a stable webwallet/GUI.
Be patient everyone, I feel that it's gonna get really big.
Darkcoin bring nothing new to anonymity, it is just Bitcoin with a paying coin-mixer and constant press spamming.
Do not fall for it.


In every article I see, they state that Darkcoin is the world's first truly anonymous digital currency, or the world's first truly instantaneous and untraceable digital currency, or something of that nature. They are blatantly lying in their press materials. Even the title of their thread "First Anonymous Coin" is a lie. Tell me I'm wrong on this...
digicoin
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November 04, 2014, 05:56:59 PM
 #16611

http://www.wired.com/2014/11/darkcoin-and-online-drug-dealers/
Quote
Over the last month, two of the dark web markets selling an anonymous, mail-order catalog of narcotics and other contraband have begun supporting darkcoin transactions. On a site called Nucleus, visitors can now use darkcoin to buy LSD, MDMA, and marijuana. On the competing market Diabolus, dealers accept it for cocaine, synthetic stimulants like ethylone and alpha-PVP, and even counterfeit Euros. Those two markets still represent only a tiny fraction of the growing dark web drug economy—most of which uses bitcoin exclusively.
We cannot wait too long before going full steam on marketing.
indeed. I'm waiting for webwallet/GUI to start actively advertising on the darknet though... it just doesn't make sense to do it now.

Agree, let's wait for a stable webwallet/GUI.
Be patient everyone, I feel that it's gonna get really big.
Darkcoin bring nothing new to anonymity, it is just Bitcoin with a paying coin-mixer and constant press spamming.
Do not fall for it.



The danger is not that the average Joe on the bitcointalk forum falls for it, but that the black market websites operators do.
It's not always the superior technology that succeeds. Network effect is a bitch when it's against you.



It is too soon to say about network effect. Last time I checked XMR market volume is 126 BTC/day, DRK about 200. One month ago, XMR market volume is much higher than DRK. Let say about liquidity before network effect.
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November 04, 2014, 06:06:59 PM
 #16612

i agree, we need marketing soon. but slides and everything needed can already be produced now  Wink
i too feel this will be really huge. the tech is superior, dev team is honest, community is grown up and coin is fair.

I think that we have to do 3 things first

+ GUI: better usability shows that XMR tech is mature and easy for mass market (== user adoption == liquidity)
+ Database: amount of memory required for XMR wallet is not trivial any more
+ Multi-signature: some deep web merchants may need it to protect their buyers
Oscilson
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November 04, 2014, 06:12:29 PM
 #16613

i agree, we need marketing soon. but slides and everything needed can already be produced now  Wink
i too feel this will be really huge. the tech is superior, dev team is honest, community is grown up and coin is fair.

I think that we have to do 3 things first

+ GUI: better usability shows that XMR tech is mature and easy for mass market (== user adoption == liquidity)
+ Database: amount of memory required for XMR wallet is not trivial any more
+ Multi-signature: some deep web merchants may need it to protect their buyers
The first two is being addressed.

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November 04, 2014, 06:14:26 PM
 #16614

i agree, we need marketing soon. but slides and everything needed can already be produced now  Wink
i too feel this will be really huge. the tech is superior, dev team is honest, community is grown up and coin is fair.

I think that we have to do 3 things first

+ GUI: better usability shows that XMR tech is mature and easy for mass market (== user adoption == liquidity)
+ Database: amount of memory required for XMR wallet is not trivial any more
+ Multi-signature: some deep web merchants may need it to protect their buyers

Amen to that.

The first point is actually an important one. Bad usability and a lack of GUI wallet for the mass market make Monero look like a immature technology. This is true -for now- but progress continues. There is still plenty of time for Monero to grow into it's own.
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November 04, 2014, 06:34:35 PM
 #16615

http://www.wired.com/2014/11/darkcoin-and-online-drug-dealers/
Quote
Over the last month, two of the dark web markets selling an anonymous, mail-order catalog of narcotics and other contraband have begun supporting darkcoin transactions. On a site called Nucleus, visitors can now use darkcoin to buy LSD, MDMA, and marijuana. On the competing market Diabolus, dealers accept it for cocaine, synthetic stimulants like ethylone and alpha-PVP, and even counterfeit Euros. Those two markets still represent only a tiny fraction of the growing dark web drug economy—most of which uses bitcoin exclusively.
We cannot wait too long before going full steam on marketing.
indeed. I'm waiting for webwallet/GUI to start actively advertising on the darknet though... it just doesn't make sense to do it now.
Agree, let's wait for a stable webwallet/GUI.
Be patient everyone, I feel that it's gonna get really big.
Darkcoin bring nothing new to anonymity, it is just Bitcoin with a paying coin-mixer and constant press spamming.
Do not fall for it.
In every article I see, they state that Darkcoin is the world's first truly anonymous digital currency, or the world's first truly instantaneous and untraceable digital currency, or something of that nature. They are blatantly lying in their press materials. Even the title of their thread "First Anonymous Coin" is a lie. Tell me I'm wrong on this...

Every Darkcoin article is written by a big Darkcoin holder.
Darkcoin community is obsessed by the price, they talk about it day & night on the main thread and have no shame organizing pump.
Just to add my 2 duffs....... 
We are all in Crypto to make money.  Say whatever you want, but that is a core fact.
DRK community can only survive by spreading lies and myths to keep pumping the price.
Is is a short term strategy that will necessarily lead to either a crash or a very bad reputation.

Adding DRK to the darkmarket is totally irresponsible when you know the tech behind.
All masternodes are centralized on few VPS providers probably owned by few people.
All masternodes IP are public. All DRK addresses are visible with the amount of coins on it and the exact time of deposit.
You can mix transactions as much as you want, it doesn't make a cryptocurrency anonymous.
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November 04, 2014, 06:51:40 PM
 #16616

i agree, we need marketing soon. but slides and everything needed can already be produced now  Wink
i too feel this will be really huge. the tech is superior, dev team is honest, community is grown up and coin is fair.

I think that we have to do 3 things first

+ GUI: better usability shows that XMR tech is mature and easy for mass market (== user adoption == liquidity)
+ Database: amount of memory required for XMR wallet is not trivial any more
+ Multi-signature: some deep web merchants may need it to protect their buyers

Amen to that.

The first point is actually an important one.

it is crucial - crosspost from xmr economics

technology choice game

I want to share a different approach from the more or less empirical driven approach by risto why monero could be the special one. It is more in the tradition of evolutionary economics and game theory. I think it is quite a helpful approach to make sense of these uncertain markets and should be easy to understand even without an education as economist - I taught it to m.a. students which did not have a background in economics. probably even a guidance regarding development can be derived by it.

we need a few assumptions:

1.) the success of cryptoprotocols especially currencies is driven by network effects

2.) there is a niche for a decentralized private ledger and this niche cannot be filled by bitcoin (otherwise we could stop here)

3.) there is a competitors on the market, existent, or coming in the future

4.) the utility of a network grows with the number of participants



5.) we have two competing technologies, in this case monero and zerocash and three different agents

6.) we assume that zerocash is even superior to monero (zerocash is a placeholder for all coming superior private decentralized ledger)

7.) we assume that two agents coordinated on the inferior technology (in this case monero) get the same utility as the one coordinated on the superior technology, whereas three agents coordinated on the inferior technology get as much as two on the superior technology



8.)
T1 = Zerocash > T2= Monero

9.) utility: numerical example 1T1=2, 2T1=3 3T1=4; 1T2=1 2T2=2 3T2=3

10.) 3T1 with the utility of 4,4,4 is obviously a nash-equilibrium, what is more important is that 3T2 with 3,3,3 is a nash-equilibrium as well, in this case the utility of the network outweights the superiority of the technology


What is important to understand is that we should make very sure that we get the second agent, if we reached this stadium and the rest is relatively sound the war is won. The guidance is obviously that we need a gui to include more people of the agent 2 case. At this point there is no serious competitor, but this will probably change in the future. We do not need to be feared as long as we manage to get agent 2.

This illustration also shows why bitcoiners do not need to be feared of any altcoins - the war over the transparent ledger is won.

The weaknesses of this approach are obviously its simplifications - how do we measure utility of privacy etc. pp, but as an illustration, I guess it is sound

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November 04, 2014, 08:46:45 PM
 #16617

This http://www.reddit.com/r/DarkNetMarkets/comments/2jnkmg/can_someone_please_explain_how_blockchain_can_be/clde5cc

Agoramarket seems to be fairly confident that bitcoin exchanges can work as tumblers. I am not sure what happens when most of exchanges are required to register as Money Transmitter. I don't think Agoramarket's tactics can work in that case
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November 04, 2014, 08:57:54 PM
 #16618

It's here guys  Shocked

https://bitcointalk.org/index.php?topic=846378.new#new

Maybe now we can start to get a better picture on how the market will weigh different privacy applications in cryptocurrency?


And it's only at the end of fall, that we discover it was naught but the wind that knew when one particular leaf was to fall from one particular tree, only to land in one distinct spot .. to be left for an eternity, and waste its time in a wait sublime. C0A2A1C4
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November 04, 2014, 09:12:37 PM
 #16619

It's here guys  Shocked

https://bitcointalk.org/index.php?topic=846378.new#new

Maybe now we can start to get a better picture on how the market will weigh different privacy applications in cryptocurrency?



maybe too early to say - but I think no it is not a serious competitor
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November 04, 2014, 09:26:08 PM
 #16620

It's here guys  Shocked

What's here?

Zerocoin is old technology that was considered and rejected by the cryptocurrency community. The proofs are too large and too slow.

Zerocash is more interesting but is not here.

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