[XMR] Monero Community FAQ

[Majormax]

Q: Is Monero going to the moon this year or should we waite until next year?

Definitely wait until next year. Price needs to consolidate at a lower level : it will help distribution to more people.

[monero-extended]

Moved to https://moneroeconomy.com/faq-page#t9n44

[dewdeded]

Bumped and subbed.

[liteon]

Very nice explanations.

[Eugen123]

Why is an anonymous currency important?
I've heard that side-chains make altcoins redundant?

[Febo]

Why is an anonymous currency important?
I've heard that side-chains make altcoins redundant?

It is up to any user to decide if anonymous currency will be off any use to him or not.  Monero holders now speculate that there will be small part of crypocoin users that will prefer their wealth and their transactions to stay anonymous. I see that as a fact, speculation is how big will this niche be.

None alt coin that bringing something new will ever be redundant.

[Eugen123]

Why is an anonymous currency important?
I've heard that side-chains make altcoins redundant?

It is up to any user to decide if anonymous currency will be off any use to him or not.  Monero holders now speculate that there will be small part of crypocoin users that will prefer their wealth and their transactions to stay anonymous. I see that as a fact, speculation is how big will this niche be.

Potential users come to the FAQ to decide if anonymous currency will be of any use to her or others:

Bitcoin is a pseudonymous currency, where all transactions are public.  If someone knows your Bitcoin address, they can learn your past transactions.  Thus, Bitcoin is far less private than fiat, and unsatisfactory in many circumstances: anyone can potentially learn your past purchases or your Bitcoin wealth.  While there are approaches to increase privacy with Bitcoin, these have limitations.  Monero provides untraceable payments from the ground up, through the CryptoNote technology.

None alt coin that bringing something new will ever be redundant.

This is not true.  Many coins offering "something new" fail.  There are plans to implement Ring Sigs on side chains.  The question is whether there is a true benefit in doing this (e.g. security), and whether the need to park BTC reduces anonymity substantially.

BTW, I'd suggest reordering the FAQ somewhat so more basic questions about the coin are at the top, rather than more technical installing/using questions.  Ressources has one "s".

Thanks

[wachtwoord]

Why is an anonymous currency important?
I've heard that side-chains make altcoins redundant?

That's why the price is currently so depressed.

[superresistant]

I've heard that side-chains make altcoins redundant?

No.
Side-chains doesn't exist, it is a project and until the day it is proven to work, only a fool would make those kind of claims...

[pa]

How do I examine the log of past transactions in simplewallet? (I am using OS X.)

[smooth]

How do I examine the log of past transactions in simplewallet? (I am using OS X.)

A: In the file simplewallet.log

[pa]

How do I examine the log of past transactions in simplewallet? (I am using OS X.)

A: In the file simplewallet.log

Is a simplewallet.log file created by default or must it be enabled? I'm not finding it in my filesystem. (I used Homebrew to compile from source.)

[smooth]

How do I examine the log of past transactions in simplewallet? (I am using OS X.)

A: In the file simplewallet.log

Is a simplewallet.log file created by default or must it be enabled? I'm not finding it in my filesystem. (I used Homebrew to compile from source.)

By default, but I don''t know where it ends up on the mac

[smooth]

simplewallet seems to want to put its log file in the same place as the executable. If you have stored the executable in a non-writable location, you won''t get a log file at all. Work around it to link or put the executable in a writable directory/folder.

https://github.com/monero-project/bitmonero/issues/194

[pa]

simplewallet seems to want to put its log file in the same place as the executable. If you have stored the executable in a non-writable location, you won''t get a log file at all. Work around it to link or put the executable in a writable directory/folder.

https://github.com/monero-project/bitmonero/issues/194

Thanks for investigating--I really appreciate it.

[David Latapie]

BTW, I'd suggest reordering the FAQ somewhat so more basic questions about the coin are at the top, rather than more technical installing/using questions.  Ressources has one "s".

Please provide your suggested listing. Thanks for "resources".

[monero-extended]

Moved to https://moneroeconomy.com/faq-page#t6n25

[saddambitcoin]

Q: How do I check my simplewallet log file?
A:

• List of txid: In simplewallet, type incoming_transfers then enter, copy the output in a text file and use the search function of your editor
• List of transaction for a specific payment ID: in simplewallet, type payments <payment_ID> then enter

Wow this is a good one that I didn't know of! Very helpful.

[monero-extended]

Moved to https://moneroeconomy.com/faq-page#t13n65

[monero-extended]

Moved to https://moneroeconomy.com/faq-page#t9n42