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Author Topic: [XMR] Monero Community FAQ  (Read 27764 times)
monero-extended
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August 02, 2014, 12:24:31 PM
 #41

Moved to https://moneroeconomy.com/faq-page#t13n59
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August 02, 2014, 12:24:48 PM
 #42

Moved to https://moneroeconomy.com/faq-page#t13n55
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August 02, 2014, 12:25:16 PM
 #43

(obsolete)
Q: Why Monero matters?
A: Read Prove me that Monero is not yet-another-shitcoin
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August 02, 2014, 02:56:55 PM
 #44

Soon Monero will conquer the world! And this FAQ will lead us to the Moon!
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August 02, 2014, 06:24:37 PM
 #45

Moved to https://moneroeconomy.com/faq-page#t13n60
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August 07, 2014, 09:11:21 AM
 #46

Hi Smiley I have question, if someone would be kind enough to answer Smiley

Is it possible to have totally open transactions with XMR (as open as BTC)....or do all transactions necessarily get obscured by ring-sig?
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August 07, 2014, 09:22:57 AM
 #47

Hi Smiley I have question, if someone would be kind enough to answer Smiley

Is it possible to have totally open transactions with XMR (as open as BTC)....or do all transactions necessarily get obscured by ring-sig?

This was answered in this FAQ here: https://bitcointalk.org/index.php?topic=721045.msg8148948#msg8148948

It might have not been clear. This isn't something that's even similar to you comparing your transaction records with someone. This method involves using data that is constant in your wallet, the view-key, that you can use to reveal, with absolute proof, that your transaction occurred on the blockchain. With this, yes, totally open transactions are possible. They can be as open as BTC, if everyone were to share every single view-key that they use with every wallet they use and make them accessible to everyone. I don't know why people would do that though.

Again, as of this moment, there is no automatic tooling in the wallet to do the reveal. Devs are adding it in an upcoming release.

Thanks Smiley
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August 07, 2014, 11:23:39 AM
 #48

Hi Smiley I have question, if someone would be kind enough to answer Smiley

Is it possible to have totally open transactions with XMR (as open as BTC)....or do all transactions necessarily get obscured by ring-sig?

This was answered in this FAQ here: https://bitcointalk.org/index.php?topic=721045.msg8148948#msg8148948

It might have not been clear. This isn't something that's even similar to you comparing your transaction records with someone. This method involves using data that is constant in your wallet, the view-key, that you can use to reveal, with absolute proof, that your transaction occurred on the blockchain. With this, yes, totally open transactions are possible. They can be as open as BTC, if everyone were to share every single view-key that they use with every wallet they use and make them accessible to everyone. I don't know why people would do that though.
Well I was reading about black and white bitcoins today, and the possibility that regulators may try to identify addresses. Now if that were to happen, it may happen in some places but not others. It may happen for a while and then be abandoned. We don't know. But, in some places it may be useful to be a coin that is not necessarily "private", but has the option for more a more open ledger.

This is an interesting discussion, but not really fitting with a FAQ format at this point, right?
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August 07, 2014, 11:25:38 AM
 #49


Edit: smooth's right, I'll respond in the main thread here: https://bitcointalk.org/index.php?topic=583449.msg8229760#msg8229760

Thanks Smiley
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August 21, 2014, 11:59:58 PM
 #50

Moved to https://moneroeconomy.com/faq-page#t13n61
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August 22, 2014, 12:00:46 AM
 #51

  • Adaptive limits. No artificial 1MB blocksize limit
  • Fast 60 second block confirmations

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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August 22, 2014, 12:02:17 AM
 #52

Q: Prove me that Monero is not yet-another-shitcoin

It's a fork of BYTECOIN so it must have some redeeming attributes? Surely?  Cheesy
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August 22, 2014, 12:39:52 AM
 #53

Q: What is the plural of Monero?
A: Since Monero is an Esperanto word, it should be "Moneroj" (as in viceroy). But a lot of people use "Moneros".
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August 22, 2014, 11:08:43 AM
 #54

Q: Prove me that Monero is not yet-another-shitcoin
It's a fork of BYTECOIN so it must have some redeeming attributes? Surely?
Litecoin is a fork as well, it's not like anyone even cares that it is.
Your argument is invalid and you know it. It's open source for a reason and anyone has right to fork as many times as one wanted to.

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smooth
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August 22, 2014, 03:02:21 PM
 #55

Q: Prove me that Monero is not yet-another-shitcoin
It's a fork of BYTECOIN so it must have some redeeming attributes? Surely?
Litecoin is a fork as well, it's not like anyone even cares that it is.
Your argument is invalid and you know it. It's open source for a reason and anyone has right to fork as many times as one wanted to.

Lack of an 80% hidden premine and not being run by a coin mill that operates by fraud and scams is a "redeeming attribute."

But I could be wrong, maybe an open and wide early distribution, transparency, and integrity are overrated.

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August 24, 2014, 10:21:07 AM
 #56

Moved to https://moneroeconomy.com/faq-page#t13n63
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August 26, 2014, 09:54:49 PM
 #57

Moved to https://moneroeconomy.com/faq-page#t13n64
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August 28, 2014, 09:51:48 AM
 #58

Moved to https://moneroeconomy.com/faq-page#t8n38
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August 29, 2014, 11:57:51 AM
 #59

maybe we should add "how to create a paper wallet" from the 10th june missives (https://bitcointalk.org/index.php?topic=583449.msg7241339#msg7241339) as part of the faq.

Q: How do I set up a paper wallet/cold storage?
A: create a wallet on a computer disconnected from the Internet, write the 24 words and the address and the view key down, and then remove all the files created by the wallet.

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August 29, 2014, 12:13:24 PM
 #60

If the Bytecoin/CryptoNote devs were scammers, how can we trust that the elliptic curve constants in Monero were not chosen maliciously?
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