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

[smooth]

Please, be aware that using a remote daemon compromises your privacy, as it leaks your transactions data. Someone in the middle sniffing your connection would be able to take a look at it, as well as the people operating the remote daemon. So basically you are trusting the person running the daemon and that no one is snooping your connection .

Quoting smooth from https://forum.monero.cc/4/academic-and-technical/10/remote-monero-deamon :

I think it is possible to mostly fix this model of light wallet by connecting to two nodes getting mixins from both. Then randomly choose have the mixins from each. Neither will be able to tell which is your coin source.

Snooping of transactions doesn't really matter -- they are public anyway --although snooping of the mixins could matter, and snooping of your IP could matter. Both issue can be largely fixed (granted not NSA-proof) by connecting to the nodes over Tor. A simple proxy setup should work.

Even over Tor, wouldn't it leak destination addresses and transactions amounts?

If the remote node is trusted, in the light wallet user's opinion, would it be possible to eliminate snooping by using https?

Sure. The node operator can even do this without modifying the node with stunnel.

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[smooth]

Please, be aware that using a remote daemon compromises your privacy, as it leaks your transactions data. Someone in the middle sniffing your connection would be able to take a look at it, as well as the people operating the remote daemon. So basically you are trusting the person running the daemon and that no one is snooping your connection .

Quoting smooth from https://forum.monero.cc/4/academic-and-technical/10/remote-monero-deamon :

I think it is possible to mostly fix this model of light wallet by connecting to two nodes getting mixins from both. Then randomly choose have the mixins from each. Neither will be able to tell which is your coin source.

Snooping of transactions doesn't really matter -- they are public anyway --although snooping of the mixins could matter, and snooping of your IP could matter. Both issue can be largely fixed (granted not NSA-proof) by connecting to the nodes over Tor. A simple proxy setup should work.

Even over Tor, wouldn't it leak destination addresses and transactions amounts?

EDIT: Oh, OK, if the node is running as an .onion service then the channel would be secure, but would the node be able to get addresses and amounts?

No, the node sees the same transaction everyone else sees (e.g. by looking on chainexplorer.com, or the blockchain itself). That by itself doesn't include anything particularly useful (and can't).

With Tor the node could not correlate this with an IP address, which would be the only extra information it has if the mixins are blinded using multiple nodes as I described. The nodes would have to collude to identify the real source of the transaction.

[smooth]

Right now one needs PAE  https://en.wikipedia.org/wiki/Physical_Address_Extension to run Monero on 32 bit systems making them effectively 36 bit. This is because Monero needs to address more than 4GB of memory (bitmonerod takes approximately 4.8GB on 64bit Kubuntu). This can work on GNU/Linux. On 32 bit Windows however, Microsoft cripples the desktop versions to 4GB RAM (that is the nature of a propriety OS) so even though they support PAE it still will not work.

So in theory you should just be able to compile a 32 bit version of simplewallet, and then run simplewallet using a remote 64 bit version of bitmonerod? Or this is impossible because of some incompatibility between 32 bit simplewallet and 64 bit bitmonerod?

Possibly. It depends if anything in the encoding of the .bin http requests is architecture specific. I don't know either way.

[kawa900jc]

The 0.001 lever is broke. New low levels has to be discovered.
I invested 0.12 BTC @ 0.0012 but for now is was not a good choice.
Hopefully is was just a spike below 0.001 but the presure is to high I afraid.
Maybe I buy extra @ 0.0005?

[e-coinomist]

what kind of hopes did you have? get rich overnight? if you're in this for speculative trading then this sort of outcome is expected of any volatile cryptocurrency, including bitcoin but if you have long term plans for xmr and know its potential then you shouldn't be seeing it as a loss...

what kind of hopes ... and if it means "had" or "have" not sure, either. I am watching market numbers, naturaly, and they show me a change in the 2nd and 3rd top trade positions. LTC got replaced, sunken onto 3rd position today which is a first timer.

And then I have Hopes, meaning any crypto based technology could break out of the monetary system as we experience it on our everyday use cases. I still buy grocery using classical paper bills. Dont own credit card.

That newcomer on 2nd position worries me. It feels like monetary system with it's centralized banking is invading the crypto sphere. Only 65.77 % or $ 30,000,000 had been Bitcoin trades the last day, Ripple is now up to 16.80 % market share on the trades. They pushed almost $ 8,000,000 into this and I have a feeling this is not all gunpowder available.

[generalizethis]

The 0.001 lever is broke. New low levels has to be discovered.
I invested 0.12 BTC @ 0.0012 but for now is was not a good choice.
Hopefully is was just a spike below 0.001 but the presure is to high I afraid.
Maybe I buy extra @ 0.0005?

[bclcjunkie]

sorry for off topic but couldn't resist... somehow i can't get this future vision out of my head where people will have to resort to smuggling in cheaper and equally effective generics using monero... 

http://www.zerohedge.com/news/2014-12-16/great-generic-drug-rip

[kawa900jc]

The 0.001 lever is broke. New low levels has to be discovered.
I invested 0.12 BTC @ 0.0012 but for now is was not a good choice.
Hopefully is was just a spike below 0.001 but the presure is to high I afraid.
Maybe I buy extra @ 0.0005?

For now strategy is holding and see where XMR hits the floor.
Never try to catch falling knives.

[liteon]

For now strategy is holding and see where XMR hits the floor.
Never try to catch falling knives.

Floor can be anywhere.
Now it is as is, tomorrow it might not be as now it is ... with crypto you never know.
You can just dont care about the price and keep holding.
For those who needs money, they sell no matter of price/value.

[generalizethis]

The 0.001 lever is broke. New low levels has to be discovered.
I invested 0.12 BTC @ 0.0012 but for now is was not a good choice.
Hopefully is was just a spike below 0.001 but the presure is to high I afraid.
Maybe I buy extra @ 0.0005?

For now strategy is holding and see where XMR hits the floor.
Never try to catch falling knives.

"If you can't catch falling knives, you'll never make it as a juggler."  --juggler.

[kawa900jc]

"If you can't catch falling knives, you'll never make it as a juggler."  --juggler.

juggling with assets is not wise

[generalizethis]

"If you can't catch falling knives, you'll never make it as a juggler."  --juggler.

juggling with assets is not wise

Personally, I DCA, but the meme was for meme's sake(  )--now back to XMR talk on the XMR thread and speculation on the speculation thread.

[drawingthesun]

So we're under 0.001 now?

What a mess.

[liteon]

So we're under 0.001 now?

What a mess.

Yeah, and even a bit down from 0.001BTC.
Hold?

[florida.haunted]

So we're under 0.001 now?

What a mess.

Yeah, and even a bit down from 0.001BTC.
Hold?

Don't hold - sell to me

Currently Monero is the only cryptocurrency that is needed rather than Bitcoin due to its total conceptual anonymity.

No other cryptocurrency is needed because of Bitcoin does exist. Bitcoin is a monopolist in its own niche of 'White' transactions yet independent on Banks & Goverment.
If you want decentalized asset exchange - you can build it over Bitcoin blockchain. If you want juridical proof of existence - it has been already built over Bitcoin blockchain.
And so on.

100% I think Bitcoin *blockchain* is what you need for 'White' yet independent commerce. That why no other 'White' cryptocurrency based on another blockchain will survive.

Meanwhile Monero is the only monopolist in its niche of 'Trully Black' transtactions independent on Banks & Goverment too AND totally anonymous.

There are no other niches in cryptocurrency world, whatever people might speculate about.

Just Bitcoin & Monero. White & Black. Day & Night. Nothing else.

[coinism]

So we're under 0.001 now?

What a mess.

Yeah, and even a bit down from 0.001BTC.
Hold?

Don't hold - sell to me

Currently Monero is the only cryptocurrency that is needed rather than Bitcoin due to its total conceptual anonymity.

No other cryptocurrency is needed because of Bitcoin does exist. Bitcoin is a monopolist in its own niche of 'White' transactions yet independent on Banks & Goverment.
If you want decentalized asset exchange - you can build it over Bitcoin blockchain. If you want juridical proof of existence - it has been already built over Bitcoin blockchain.
And so on.

100% I think Bitcoin *blockchain* is what you need for 'White' yet independent commerce. That why no other 'White' cryptocurrency based on another blockchain will survive.

Meanwhile Monero is the only monopolist in its niche of 'Trully Black' transtactions independent on Banks & Goverment too AND totally anonymous.

There are no other niches in cryptocurrency world, whatever people might speculate about.

Just Bitcoin & Monero. White & Black. Day & Night. Nothing else.

i do hold high expectations for btc and xmr, but : https://www.youtube.com/watch?v=BHqgHFcmAOc   

[drawingthesun]

So we're under 0.001 now?

What a mess.

Yeah, and even a bit down from 0.001BTC.
Hold?

My instinct says hold, however my experience with holding has destroyed whatever value was left.

Thus, it seems much more logical to dump it all.

I'm going to be stupid and hold until 0.0001 :p

[drawingthesun]

It's funny, here we are with a coin that can truly empower people and it's Ripple with their corporate control that will win.

People don't want anonymity, they want to be told what to use and when to use it.

[netmonk]

Please, be aware that using a remote daemon compromises your privacy, as it leaks your transactions data. Someone in the middle sniffing your connection would be able to take a look at it, as well as the people operating the remote daemon. So basically you are trusting the person running the daemon and that no one is snooping your connection .

Quoting smooth from https://forum.monero.cc/4/academic-and-technical/10/remote-monero-deamon :

I think it is possible to mostly fix this model of light wallet by connecting to two nodes getting mixins from both. Then randomly choose have the mixins from each. Neither will be able to tell which is your coin source.

Snooping of transactions doesn't really matter -- they are public anyway --although snooping of the mixins could matter, and snooping of your IP could matter. Both issue can be largely fixed (granted not NSA-proof) by connecting to the nodes over Tor. A simple proxy setup should work.

Even over Tor, wouldn't it leak destination addresses and transactions amounts?

EDIT: Oh, OK, if the node is running as an .onion service then the channel would be secure, but would the node be able to get addresses and amounts?

No, the node sees the same transaction everyone else sees (e.g. by looking on chainexplorer.com, or the blockchain itself). That by itself doesn't include anything particularly useful (and can't).

With Tor the node could not correlate this with an IP address, which would be the only extra information it has if the mixins are blinded using multiple nodes as I described. The nodes would have to collude to identify the real source of the transaction.

Im the operator of public open node on which jwinterm based the wallet.

Also known as HegemoOn on irc.

For the moment there is only one instance running publicly, but if the wallet is widely adopted, i must run a reliable multiple instances service.

For the moment also, this service is sponsored only by my own pocket, and cost me more than what my pool generate.

So basically, new feature, better security, and more reliability is also an economical problem.
There is a donation button in this wallet, i really encourage peoples to use it, jwinterm and I need it to improve the code, and the service.

Note also that i don't trust TOR, as far as it is backed by US agency

[Shrikez]

It's funny, here we are with a coin that can truly empower people and it's Ripple with their corporate control that will win.

People don't want anonymity, they want to be told what to use and when to use it.

I just said something along these lines in Polo Trollbox. Can't change human nature I guess.