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Author Topic: [XMR] Monero Speculation  (Read 3196667 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 2 users deleted.)
vdo
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February 23, 2018, 08:49:35 AM
 #37001

THis could be huge if proven:
https://github.com/fireice-uk/cryptonote-speedup-demo

Quote
* Even faster x5 - x10 EC crypto based on new features in Broadwell+ and Ryzen CPUs
* 1 + Bulletproofs + 5 to enable truly anonymous ring signatures (sizes 100+), instead of plausible deniability (size 5)
* Cryptonote [Suspicious link removed]pression, down into below 1 GB sizes for Monero
* Combination of 1 and 3 and a specially tuned server to create Electrum-like wallets.
* Proper mathematical solution to Attack III described in here.
* Tracking of Monero using Attack III (their fix is fairly sub-par especially if some assumptions can be made about the wallet) and graph analysis.

And also solve the moneroV issue in one shot...
Let's see what the rest of the core team says.

This looks really interesting. Thanks for the share.

It should be noted that the idea with ring size 5 is not plausible deniability on any particular transaction but that when coupled with confidential transactions and stealth addresses the cumulative result is an entire network that is entirely private. Of course more is always better.

fireice-uk is not, how shall we say, very well regarded amongst many of the developers, afaik. I'd be surprised if anything came of this claim.

I know, it could also be plagiarism of the mentioned Pull Request. DYOR
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February 23, 2018, 08:52:03 AM
 #37002


Personally, I’ll wait for the open source HW wallet.

it seems very cheap, how much can you confidently store on it? will it have some recovery method for lost/damaged devices?


Don't complain about the floods, floods happen. Be a boatbuilder.
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February 23, 2018, 09:12:35 AM
 #37003

This crypt has everything necessary to gain a foothold in the market with good quotations and in the near future to break into the race for leadership, if not in the entire crypto industry, then at least become the third after Bitcoin and Ethereum.
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February 23, 2018, 09:42:20 AM
Last edit: February 23, 2018, 10:28:58 AM by solias
 #37004

Precisely. I'd love to know the year where infinite monero exist  Roll Eyes

Year ∞.  Which is ∞ years after the heat-death of the universe is posited. As to where, I would suggest the conformal point at  ∞.

How accurate is this youtube video's content on the debt-based money system and the enslavement of people?

https://www.youtube.com/watch?v=fKob3fGSm9o

Ok so at 3:42 he kinda has it wrong here. They wouldn't loan out 9 billion by using 1 of the 10 billion as reserve. The 10 billion would be the reserve and they would loan out 90 billion.

At 4:33 It's true that if everything works flawlessly they can rehypothecate base money deposits over and over again up to some theoretical limit but that never really happens. Eventually someone withdraws cash and it gets interrupted. That might explain another reason why certain people and groups hate cash so much. Cheesy

"Inflation is essentially a hidden tax on the public." Kinda. It's more a hidden tax on the subjects of our empire. It hides from the american public that the US empire is an empire by obfuscating the flow of funds. In the past empires would just go to foreign lands and say give us your gold or we'll cut ya. But that is politically untenable in the modern world. So the inflation of the dollar is the means by wich we transfer funds from our subjects to our homeland. If any of our vassal states interrupt this process in any way than we do send the military to fuck them up but the state tells the public that it's for humanitarian reasons. That's how modern empire works.

So then it might occur to you to ask how does inflation transfer funds from vassal states to the US homeland. Other countries are forced to hold USD reserves. As their purchasing power is inflated away they are forced to buy continually more. In order to get more they send us products and resources. Oil is the biggest thing. That's why we have such cheap gas in the us compared to other places and such an abundance of cheap chinese products. So yes some of our purchasing power is inflated away too but the american people are largely the beneficiaries of this also.

With regard to the question of the inability to create non interest bearing money to pay interest on previous debts. The fed has a tool called an "open market operation". The fed doesn't HAVE to buy t-bills with the money that it creates. It doesn't HAVE to buy debt instruments. It can buy what ever it wants. If it buys equities (stocks) for example than it is creating new money to buy an asset not a debt. There is no money owed on this newly created money. In theory this could be used to pay the interest on debt.

Truthiness 7/10. All the stuff about commercial banks rehypothecating money over and over again is true and important. And the fed does buy a lot of t-bills. There probably doesn't exist enough money in the system to pay all the debt, that is probably true. But the fed could create it if it wanted through open market operations. So it's not quite as dire as it makes it sound in some ways. It's right in that it is a giant purposely complex scheme designed to be unintelligible to all but the initiated and rob the world of it's prosperity. I would call it true enough.

Yes I can tie all that to a monero speculation thread. All that nonsense up there is part of why monero is such a great value proposition!

Is there any academic publication that analyses the debt-based monetary system critically, or is critic of it? If yes, can you link me to it?

I can't believe that no Piketty, Stiglitz, Krugman has delved into this. Is their eye closed?

Not even Chomsky ever blew a word on it and historically he's been all along critical of all wrongdoings and injustices perpetrated by U.S. government and its satellite institutions. Is this too a subtle phenomenon for him to see it in clear light perhaps? Perhaps you need to dive deep layers of maths with wild assumptions, and the people above are not academic risk-takers, so to say.

Anyone has collected data and built models? In other words, where can I find a neat collection of numbers and comments, hypothesis on this idea?
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February 23, 2018, 09:48:52 AM
Last edit: February 23, 2018, 10:00:42 AM by joroz
 #37005

Monero Ledger wallet integration is legit the longest winded most anticipated integration yet.

Will make many people happy

Yes, Q3 2019 when it will finally be released will be a historical event

 Grin

I say no more "beer & pizza" tips until they deliver. How often do you tip a waitress who comes to you after an hour and says "The chef has just finished putting pepperoni on your pizza. I will let you know when it's in the oven."?

it seems very cheap, how much can you confidently store on it? will it have some recovery method for lost/damaged devices?

I'll definitely buy one and put some spending cash on it.  But as a long-term solution you're right, I'll take cold storage over a hardware wallet any day.
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February 23, 2018, 01:37:31 PM
 #37006

Monero Ledger wallet integration is legit the longest winded most anticipated integration yet.

Will make many people happy
If a HW wallet was going to be released tomorrow, I would wait 4 to 6 months before moving anything to it...
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February 23, 2018, 02:04:56 PM
 #37007


Personally, I’ll wait for the open source HW wallet.

it seems very cheap, how much can you confidently store on it? will it have some recovery method for lost/damaged devices?



Typically the hardware wallet holds the key and signs the transactions.  So it can hold "all the coins".  Or is your questions how many wallets it would support?
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February 23, 2018, 02:29:11 PM
 #37008

I mean how much risk are you comfortable with 100xmr, 1000, 10?




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February 23, 2018, 02:38:24 PM
 #37009


Personally, I’ll wait for the open source HW wallet.

it seems very cheap, how much can you confidently store on it? will it have some recovery method for lost/damaged devices?



I assume you'd have a seed as backup, same as ledger or Trezor.
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February 23, 2018, 02:40:23 PM
 #37010

Can we expect some fireworks because of the fork? Or just same as last weeks...
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February 23, 2018, 02:50:41 PM
 #37011

monero is very durable. even in this environment did not fall. like a safe harbor. we need to keep it in the portfolio a little.
yes, we must have it because it is very good. and also Monero is one project that can be invested in the long journey. so in my opinion there is nothing wrong we have it.

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February 23, 2018, 02:56:29 PM
 #37012

I mean how much risk are you comfortable with 100xmr, 1000, 10?





That is a VERY good question.  


The way I see it currently we have two choices coming:

1.  Ledger:  Established company.  Hardware proven.  Track record of handling security issues well etc.
2.  Monero proprietary wallet.  Based on FOS design, specific to XMR.


I think BOTH devices share a common risk.  And that is you want to make sure there is no way for your funds to be stolen with some sort of attack.  Either on the hardware, or in between the HW and the SW on the computer.  

The ledger may incur a second twist, and that is they will most likely be changing the seed word format from 25 to 24 words to match the rest of the wallets they support.  The only concern here is there is a reliable way to either convert these wallets to the 25 word form or somehow else see their seed word format supported by other software (inc. the standard cli and GUI).

I bought a Ledger, and I have not decided how much I am willing to risk there.

  

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February 23, 2018, 03:26:43 PM
 #37013

I mean how much risk are you comfortable with 100xmr, 1000, 10?


That is a VERY good question.  


The way I see it currently we have two choices coming:

1.  Ledger:  Established company.  Hardware proven.  Track record of handling security issues well etc.
2.  Monero proprietary wallet.  Based on FOS design, specific to XMR.


I think BOTH devices share a common risk.  And that is you want to make sure there is no way for your funds to be stolen with some sort of attack.  Either on the hardware, or in between the HW and the SW on the computer.  

The ledger may incur a second twist, and that is they will most likely be changing the seed word format from 25 to 24 words to match the rest of the wallets they support.  The only concern here is there is a reliable way to either convert these wallets to the 25 word form or somehow else see their seed word format supported by other software (inc. the standard cli and GUI).

I bought a Ledger, and I have not decided how much I am willing to risk there.

  

I recently bought a Ledger as well - mainly in hopes of moving some xmr over.

However, now I'm leaning towards just putting linux on a usb stick with a wallet there? Is there really that great of a security benefit for ledger vs a wallet on a usb stick? I'm just going to throw both in the fire safe.
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February 23, 2018, 04:10:39 PM
 #37014

I mean how much risk are you comfortable with 100xmr, 1000, 10?


That is a VERY good question.  


The way I see it currently we have two choices coming:

1.  Ledger:  Established company.  Hardware proven.  Track record of handling security issues well etc.
2.  Monero proprietary wallet.  Based on FOS design, specific to XMR.


I think BOTH devices share a common risk.  And that is you want to make sure there is no way for your funds to be stolen with some sort of attack.  Either on the hardware, or in between the HW and the SW on the computer.  

The ledger may incur a second twist, and that is they will most likely be changing the seed word format from 25 to 24 words to match the rest of the wallets they support.  The only concern here is there is a reliable way to either convert these wallets to the 25 word form or somehow else see their seed word format supported by other software (inc. the standard cli and GUI).

I bought a Ledger, and I have not decided how much I am willing to risk there.

  

I recently bought a Ledger as well - mainly in hopes of moving some xmr over.

However, now I'm leaning towards just putting linux on a usb stick with a wallet there? Is there really that great of a security benefit for ledger vs a wallet on a usb stick? I'm just going to throw both in the fire safe.
For safekeeping you're probably better off just using paper wallets. Or if paper is too unreliable medium to store information for you, you can use cryptosteel.com

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February 23, 2018, 04:21:17 PM
 #37015

...
The ledger may incur a second twist, and that is they will most likely be changing the seed word format from 25 to 24 words to match the rest of the wallets they support.  The only concern here is there is a reliable way to either convert these wallets to the 25 word form or somehow else see their seed word format supported by other software (inc. the standard cli and GUI).
...

The 25th word is just a checksum and not actually a part of the seed itself - it's always one of the seed words and is calculated from the seed itself, so I don't think this is an issue at all.
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February 23, 2018, 04:48:46 PM
 #37016

...
The ledger may incur a second twist, and that is they will most likely be changing the seed word format from 25 to 24 words to match the rest of the wallets they support.  The only concern here is there is a reliable way to either convert these wallets to the 25 word form or somehow else see their seed word format supported by other software (inc. the standard cli and GUI).
...

The 25th word is just a checksum and not actually a part of the seed itself - it's always one of the seed words and is calculated from the seed itself, so I don't think this is an issue at all.

Then we would still want to know what the checksum word is.  Or to make sure the monero wallets can be restored from only 24 keys.

I agree it is likely trivial, but it will still have to be dealt with.  You have a 24 word seed and you need to get into a standard wallet...
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February 23, 2018, 04:57:24 PM
 #37017

For me after these 4 years monero is still a coin with everything to just rise up and never stop, i hope it will be doing so.


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February 23, 2018, 04:59:25 PM
 #37018

...
The ledger may incur a second twist, and that is they will most likely be changing the seed word format from 25 to 24 words to match the rest of the wallets they support.  The only concern here is there is a reliable way to either convert these wallets to the 25 word form or somehow else see their seed word format supported by other software (inc. the standard cli and GUI).
...

The 25th word is just a checksum and not actually a part of the seed itself - it's always one of the seed words and is calculated from the seed itself, so I don't think this is an issue at all.
forgive my ignorance, but what's that 25 word seed that you're referring to?

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February 23, 2018, 05:18:00 PM
 #37019


For safekeeping you're probably better off just using paper wallets. Or if paper is too unreliable medium to store information for you, you can use cryptosteel.com

oh they are a thing of beauty, although knowing my clumsy hands i would end up dropping it overboard like i did with my paperwallet
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February 23, 2018, 06:13:09 PM
 #37020


For safekeeping you're probably better off just using paper wallets. Or if paper is too unreliable medium to store information for you, you can use cryptosteel.com

oh they are a thing of beauty, although knowing my clumsy hands i would end up dropping it overboard like i did with my paperwallet

Then powder coat or galvanize it so it doesn't corrode to much while your retrieving it from the depths. Cheesy

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