delete

[CoinHumper]

delete

[El Dude]

where did she say that in a post ?

[Viper1]

where did she say that in a post ?

https://bitcointalk.org/index.php?topic=522235.msg7998410#msg7998410

And a core member of Monero responded here

https://bitcointalk.org/index.php?topic=522235.msg8007708#msg8007708

[poornamelessme]

The MRO devs are showing a bit more intelligence than the Auroracoin devs did. We all know how that ended for AUR. Anyone have any idea by what he means that Bitjohn will determine the outcome?

Actually if I recall correctly, the end result of that entire fiasco was that AUR fixed its security issues (gravity well related, if I remember right). What killed AUR had nothing at all to do with that flaw or forking, or anything like that. It was the entire airdrop model, which killed a lot of nation coins.

[Spoetnik]

airdrop LOL
every time i here that it make me laugh..

and i don't know what he meant by BitJohn (from Cryptsy) either..
i guess i could ask but i VERY rarely bother people with pm's or anything around here.
i have always had a "don't ask questions" attitude from my older Piracy days being in a cracking scene group and hanging out with hackers etc
when you spend all your time with people that are on the FBI's wanted list you don't pry for info lol
and you also don't have to ask if your somebody..
doors materialize in front of you and open !
if you have to ask you prob don't deserve to know (whatever that may be) LOL
there is always layers of subsets of people surrounding you online standing beside you face to face
whether they chose to show themselves to you is the question..
You never know who the hell is around.. kid talkin' shit after school or 35 yr experienced FBI veteran investigator running a stake out for 3.5 years straight ?

all i know is i butter my bread with butter  

[stealth923]

Glad I didn't invest. Goes to show crypto note tech is still so new and has a long way to come before mainstream. There are probably heaps of other unidentified exploits. That and the bigger issue of bloat.

[papa_lazzarou]

... That and the bigger issue of bloat.

There is no bloat:

To add to Risto's general price analysis it has also been interesting watching the general network over the last few days.

The hash rate dropped as low as ~9 m/h around 4-6 days ago and had been dwindling from the ATH of ~16 mh. Currently it is sitting at 14.3 m/h which is a nice ~50+% rise from the recent low, this is right in line with the increase in price and  as price stays this level or increases we can expect the net hash to increase as well. I havent run any figures against profitabilty compared to other coins but I would imagine that it has become slightly more profitable to mine XMR at this point while the hash rate catches up (if it does).

The blockchain bloat was a hot topic on IRC at the end of last week so I decided to start keeping exact blockchain size figures as the charts on monerochain.info can be misleading. I have been recording these at aroun 10:00 GMT and are as follows.

1,516,605 KB    13/7/14
1,544,024 KB    14/7/14
1,606,429 KB    15/7/14
1,628,828 KB    16/7/14
1,646,808 KB    17/7/14


As you can see the blockchain is growing at ~30 mb average a day which is fantastic news if you look back to how much bloat the dust transactions were causing on the chain so kudos to the core devs and pool devs for implementing those solutions. This current rate of growth is much more acceptable for the privacy afforded than the 10x the size of BTC's chain we were heading towards a month or two ago.

And the team is working to store the blockchain in an embbed database:

Monero Missives

July 20th, 2014

Hello, and welcome to our seventh Monero Missive!

Major Updates

...

3. A number of important and critical dev efforts are under way, most notably the embedded database work (to cut down on the RAM requirement), the daemonising work (to allow for a much more stable environment for exchanges, pools, merchants, and other automated systems), and the QoS work (to reduce and limit the bandwidth requirements). Technical updates on these are in the dev diary below.

...

Dev Diary

Blockchain: abstraction of the blockchain storage functions is basically complete, and the next step will be to start integrating LevelDB so that we have a baseline for our performance testing. A number of the key-value stores / embedded databases that we will be evaluating are forked from LevelDB, so it makes sense to start with that. This is moving out of "core" and into "blockchain" for categorisation going forward. The ongoing progress on this can be followed here: https://github.com/tewinget/bitmonero/tree/blockchain

...

- updated by fluffypony

See other details here:
Monero Missives #7

Hasta!

[stealth923]

You do realise that the number of transactions and users per day of Monero is MINIMAL (probably even less than 0.01% of bitcoin)- and even then the blockchain grows by 30mb a day and is already over 1.6gb for a 2 month old coin..insane

Now imagine if the number of transactions increased..you do the math.

[othe]

You do realise that the number of transactions and users per day of Monero is MINIMAL (probably even less than 0.01% of bitcoin)- and even then the blockchain grows by 30mb a day and is already over 1.6gb for a 2 month old coin..insane

Now imagine if the number of transactions increased..you do the math.

Thats non sense, the data in the blockchain is only 800 MB:
http://monerochain.info/charts/bcsize


The size is just a problem because of the way cryptonote currently stores the data using boost serialization in a big binary blob with tons of redundant stuff.

[Wulfcastle]

where did she say that in a post ?

BCX is a woman?

[flipme]

You do realise that the number of transactions and users per day of Monero is MINIMAL (probably even less than 0.01% of bitcoin)- and even then the blockchain grows by 30mb a day and is already over 1.6gb for a 2 month old coin..insane

Now imagine if the number of transactions increased..you do the math.

Thats non sense, the data in the blockchain is only 800 MB:
http://monerochain.info/charts/bcsize


The size is just a problem because of the way cryptonote currently stores the data using boost serialization in a big binary blob with tons of redundant stuff.

ONLY 800 MB. It almost doubled in one month, double it baby.
A bit more traffic and you'll have to nurse a monster.
Monero is such a hype shit coin. If the bloat is so easy to fix, why don't you just go ahead and do it?

And the wallet situation...

[othe]

Reading your post you are a darkcoin holder, i think we can stop the discussion than as it has already been outlined x times.
You guys prefer to pay 10k usd for a masternode and monthly servercosts but we just buy a 1tb hdd for 40 bucks for the next 10 years, or wait my smartphone sd card has even enough space to store it for the next years, ill just use that one.


And for the Wallet, feel free to use the QT Wallet or the Wallet from Jojokatek.

PS1: It doubled because of a poolproblem which is long fixed.
PS2: For everyone more technically inclined heres a great post by andytoshi: http://bitcoin.stackexchange.com/questions/29471/is-there-any-true-anonymous-cryptocurrencies

[flipme]

OK, you really convinced me.
Now lets see what BCX comes up with.

[uvt9]

Meh, i don't care what he said ? Why would i have to believe a Maxcoin bag holder ?

[flipme]

Meh, i don't care what he said ? Why would i have to believe a Maxcoin bag holder ?

He's perceived here for taking care of business.

[ihuntbtc]

MRO? I dont know.
XMR? All good.

[GTO911]

we just buy a 1tb hdd for 40 bucks for the next 10 years

Absolute horseshit, let me tell you - NOBODY will download a 100 GB blockchain to use a currency. What about countries where internet speeds are not very high?

[fluffypony]

we just buy a 1tb hdd for 40 bucks for the next 10 years

Absolute horseshit, let me tell you - NOBODY will download a 100 GB blockchain to use a currency. What about countries where internet speeds are not very high?

What do you think happens in those countries with Bitcoin's current 20gb blockchain?

Web wallets, SPV-style wallets, off-chain services, etc. etc.

[stealth923]

we just buy a 1tb hdd for 40 bucks for the next 10 years

Absolute horseshit, let me tell you - NOBODY will download a 100 GB blockchain to use a currency. What about countries where internet speeds are not very high?

What do you think happens in those countries with Bitcoin's current 20gb blockchain?

Web wallets, SPV-style wallets, off-chain services, etc. etc.

Monero is a different league to bloat. We are talking 100+gb in a very short timeframe. Long term 5+ years even worse

And web wallets etc promotes centralization. Everyone will depend on a minor few for the blockchain. DDoS it and watch the coin die.

The Monero bloat is fine for now when you have like 100 users. For mainstream, the cryptonote tech isn't anywhere close to being a viable solution.

[fluffypony]

Monero is a different league to bloat. We are talking 100+gb in a very short timeframe. Long term 5+ years even worse

And web wallets etc promotes centralization. Everyone will depend on a minor few for the blockchain. DDoS it and watch the coin die.

The Monero bloat is fine for now when you have like 100 users. For mainstream, the cryptonote tech isn't anywhere close to being a viable solution.

You're conflating - web wallets do not promote centralisation in and of themselves. Satoshi even theorised that there would be a reduction in the number of full nodes, and for convenience sake SPV would become more popular. At any rate, even if there were only a few non-mining full nodes it would largely be irrelevant - centralisation is only a concern on the mining side, hence the 51% pool problem that has plagued Bitcoin.

I'm quite unsure as to why you're talking about "mainstream". We have alpha-level software that requires some comfort with the command line to operate. We keep saying this, but everyone keeps talking about "adoption" and "mainstream use". We're solving fundamental, extremely low-level problems, and well after they are solved we can consider "adoption" and "mainstream use".

Thankfully, Bitcoin is also pretty impossible for "mainstream" use, so it's probably a good idea to either clearly define "mainstream" or get off the merry-go-round.

At any rate, let me make this as clear as mud to everyone: Monero is far from ready for general consumption. We don't need to be reminded of that, since we're the ones saying it! Of course, usability is a long-term goal, and finding a solution to "bloat" (such as it is) falls squarely in the "usability" camp.