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

[NeuroticFish]

Crossposting for info:

BCX' thread is fun to read from time to time, with some popcorn.

[Quicken]

Crossposting for info:

BCX' thread is fun to read from time to time, with some popcorn.

Can anyone remember him substantiating anything he has said about Monero. Sound and fury, signifying nothing?

[Globb0]

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

[nioc]

True that! I'll spread some Moneroj gifts this Christmas using the web wallet. Great timing.

I will be doing this for one person as it will be a perfect way of introducing them to Monero.  They will not go, WTF is this?  Instead they will understand and appreciate it.

[jehst]

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

Open source GPU mining will probably make botnets move on to more profitable CPU-only coins.

[liteon]

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

Open source GPU mining will probably make botnets move on to more profitable CPU-only coins.

Yeah?
And which one could that be?

[jehst]

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

Open source GPU mining will probably make botnets move on to more profitable CPU-only coins.

Yeah?
And which one could that be?

Always changing.

[parker928]

It's certainly not a detailed technical differentiation, but here is a gif I just finished for sylviaplathlikestobake's art contest that compares btc, drk, and xmr: https://i.imgur.com/evtcybH.gif

Here is the link to the art contest, which is practically over at now (I'm a bit of a procrastinator plus I've been busy): https://forum.monero.cc/16/art/81/25-xmr-prize-for-the-best-monero-art-meme

Please let me know if you think there are any factual errors in the gif.

That is pretty impressive. and actually up until I saw this GIF I did not even think about the fact that you can't see anyones balance with xmr., unless they give you their view key of course... I don't know how I never thought about that. I have been with this coin since the original crypto note exchange and never realized that lol...learn something new every day!

[novag]

When price is go up?

[silencesilence]

When price is go up?

When you invest 10 000 BTC 

those who know will not tell us for sure 

[shojayxt]

Crossposting for info:

BCX' thread is fun to read from time to time, with some popcorn.

Can anyone remember him substantiating anything he has said about Monero. Sound and fury, signifying nothing?

It would probably be best to let sleeping dogs lie.  No need to stir up trouble for XMR.

[mmortal03]

1. It is with great pride that we announce the very first Monero hosted account service (a web wallet for Monero, if you will), which we are certain will provide a level of accessibility that was previously unknown with Monero. My Monero is managed by Riccardo "fluffypony" Spagni, although it was created through the efforts and hard work of many people including members of the Monero Core Team, Lucas Jones, Matthew Little, and seed funding provided by Risto Pietila. All of the heavy lifting is done client-side, which means that My Monero can never spend your funds on your behalf or without your authorisation. However, there is a small compromise in that the server knows your view key, which is necessary in order for it to identify transactions belonging to you. Thus there is some reduction in transactional privacy when using My Monero, as if the service is compromised your view key would be revealed. That having been said, stealth addresses would still be in effect even if the server was compromised, and thus transactions can still be said to be unlinkable. If you are truly concerned about absolute transactional privacy, then running your own Monero node will always be the preferred route.

So, this means that the view key is functional now? When will we see watch-only wallets which can make use of the view key? Could the web wallet code not be applied to do this?

[smooth]

1. It is with great pride that we announce the very first Monero hosted account service (a web wallet for Monero, if you will), which we are certain will provide a level of accessibility that was previously unknown with Monero. My Monero is managed by Riccardo "fluffypony" Spagni, although it was created through the efforts and hard work of many people including members of the Monero Core Team, Lucas Jones, Matthew Little, and seed funding provided by Risto Pietila. All of the heavy lifting is done client-side, which means that My Monero can never spend your funds on your behalf or without your authorisation. However, there is a small compromise in that the server knows your view key, which is necessary in order for it to identify transactions belonging to you. Thus there is some reduction in transactional privacy when using My Monero, as if the service is compromised your view key would be revealed. That having been said, stealth addresses would still be in effect even if the server was compromised, and thus transactions can still be said to be unlinkable. If you are truly concerned about absolute transactional privacy, then running your own Monero node will always be the preferred route.

So, this means that the view key is functional now? When will we see watch-only wallets which can make use of the view key? Could the web wallet code not be applied to do this?

The view key has always been functional in that the blockchain has supported it. The web wallet has the only known implementation of code to use the view key, but anyone could do it.

[smooth]

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

Open source GPU mining will probably make botnets move on to more profitable CPU-only coins.

There is open source GPU mining, on nvidia, which is more power efficient than ATI anyway.

I doubt botnets are a threat at all. They are exactly what miners are supposed to be -- interested in making money, which encourages them to just mine honestly.

[smooth]

Crossposting for info:

BCX' thread is fun to read from time to time, with some popcorn.

Can anyone remember him substantiating anything he has said about Monero. Sound and fury, signifying nothing?

The was no substantiation whatsoever, just FUD and trolling.

[mmmaybe]

If mining eventualy becomes less worthwhile then a botnet could seem a bigger threat at that time

Open source GPU mining will probably make botnets move on to more profitable CPU-only coins.

There is open source GPU mining, on nvidia, which is more power efficient than ATI anyway.

I doubt botnets are a threat at all. They are exactly what miners are supposed to be -- interested in making money, which encourages them to just mine honestly.

It would be great if coders try to optimize the open source nvidia GPU miner. And keep the result open source.  

[liteon]

It would be great if coders try to optimize the open source nvidia GPU miner. And keep the result open source.  

Doing that, coin would lose hit value, as it would be mass mined and sold cheap.
Time: now, price: low. Adding more easyness to minning would not bring a good news. Not before value of it jumps like 20x from this price.
Then it could be reasonable to reduce it again.

[yeXIABC]

Locate it and can't seem

[sorryforthat]

The view key has always been functional in that the blockchain has supported it. The web wallet has the only known implementation of code to use the view key, but anyone could do it.

Does My Monero have the petential to import wallet.keys?

[yeXIABC]

Causing miners to leave to the point where nobody bothers anymore. Equilibriums