[XMR] Monero Speculation

[XMRpromotions]

If you have yet to set a New Years Resolution think about including becoming a Monero miner as one of your goals.

Smart mining will make this even easier but it is all of us to secure the network with our hashing power!

[1714050557]

1714050557

[1714050557]

1714050557

[1714050557]

1714050557

[smooth]

Interesting comment from Shen about multisig

yep - very likely will be implemented in conjunction with the ring ct stuff

Following the "written up" link in the Ring CT post, section 4.4 of the paper describes how to implement "Ring multisignature". Some of the other CryptoNote coins have multisig, but only with 0 mixin.

Very nice work being done on the crypto front.

[dewdeded]

https://www.reddit.com/r/Monero/comments/3z4248/monero_higher_exchange_volume_than_ltc_over_the/

Hyper, hyper

[Hueristic]

OK, so IIRC now multi sig then GUI correct?

[dnaleor]

OK, so IIRC now multi sig then GUI correct?

don't forget about RingCT which is very important for the privacy of your transactions!

[languagehasmeaning]

Interesting comment from Shen about multisig

yep - very likely will be implemented in conjunction with the ring ct stuff

Following the "written up" link in the Ring CT post, section 4.4 of the paper describes how to implement "Ring multisignature". Some of the other CryptoNote coins have multisig, but only with 0 mixin.

Very nice work being done on the crypto front.

That is a very encouraging post. Thank you Shen!

[americanpegasus]

I can't believe I learned about the Monero 0.9 release from my facking Facebook feed of all places.  
  
I'm a little ashamed.    
  
But I'm so proud of our programmers and everyone else who has worked so hard to keep the community going to reach this milestone.  We are the true digital money of the world.  Bitcoin is an amazing large public settlement system, but it is not true digital money.  
  

[TrueCryptonaire]

I can't believe I learned about the Monero 0.9 release from my facking Facebook feed of all places.  
  
I'm a little ashamed.    
  
But I'm so proud of our programmers and everyone else who has worked so hard to keep the community going to reach this milestone.  We are the true digital money of the world.  Bitcoin is an amazing large public settlement system, but it is not true digital money.  
  

I am still dreaming we are going to the moon.
After landing on the surface of Moon with Monero rocket probably we can see if planet Earh is round or flat.

[Hueristic]

OK, so IIRC now multi sig then GUI correct?

don't forget about RingCT which is very important for the privacy of your transactions!

Yup, I either forgot about that or missed it. Damn if I can remember. But is this a dependency or CAN/will it be addressed either in concert or after?

Edit: moving this to correct thread.

https://bitcointalk.org/index.php?topic=583449.msg13429434#msg13429434

[smooth]

OK, so IIRC now multi sig then GUI correct?

don't forget about RingCT which is very important for the privacy of your transactions!

Yup, I either forgot about that or missed it. Damn if I can remember. But is this a dependency or CAN/will it be addressed either in concert or after?

Edit: moving this to correct thread.

https://bitcointalk.org/index.php?topic=583449.msg13429434#msg13429434

The Ring CT work and the GUI work are completely independent. Multisig is likely getting combined with Ring CT at this point.

[Hueristic]

OK, so IIRC now multi sig then GUI correct?

don't forget about RingCT which is very important for the privacy of your transactions!

Yup, I either forgot about that or missed it. Damn if I can remember. But is this a dependency or CAN/will it be addressed either in concert or after?

Edit: moving this to correct thread.

https://bitcointalk.org/index.php?topic=583449.msg13429434#msg13429434

The Ring CT work and the GUI work are completely independent. Multisig is likely getting combined with Ring CT at this point.

https://bitcointalk.org/index.php?topic=583449.msg13429497#msg13429497

[smooth]

OK, so IIRC now multi sig then GUI correct?

don't forget about RingCT which is very important for the privacy of your transactions!

Yup, I either forgot about that or missed it. Damn if I can remember. But is this a dependency or CAN/will it be addressed either in concert or after?

Edit: moving this to correct thread.

https://bitcointalk.org/index.php?topic=583449.msg13429434#msg13429434

The Ring CT work and the GUI work are completely independent. Multisig is likely getting combined with Ring CT at this point.

https://bitcointalk.org/index.php?topic=583449.msg13429497#msg13429497

Answered there.

[vokain]

I can't believe I learned about the Monero 0.9 release from my facking Facebook feed of all places.  
  
I'm a little ashamed.    
  
But I'm so proud of our programmers and everyone else who has worked so hard to keep the community going to reach this milestone.  We are the true digital money of the world.  Bitcoin is an amazing large public settlement system, but it is not true digital money.  
  

I am still dreaming we are going to the moon.
After landing on the surface of Moon with Monero rocket probably we can see if planet Earh is round or flat.

I think I can see from here that it's flat rings overlapping!

[dEBRUYNE]

Section 4.4 can be found here -> https://www.overleaf.com/read/qzgytbyyxvyf

Interesting comment from Shen about multisig

yep - very likely will be implemented in conjunction with the ring ct stuff

Following the "written up" link in the Ring CT post, section 4.4 of the paper describes how to implement "Ring multisignature". Some of the other CryptoNote coins have multisig, but only with 0 mixin.

Very nice work being done on the crypto front.

[Hueristic]

OK, so IIRC now multi sig then GUI correct?

don't forget about RingCT which is very important for the privacy of your transactions!

Yup, I either forgot about that or missed it. Damn if I can remember. But is this a dependency or CAN/will it be addressed either in concert or after?

Edit: moving this to correct thread.

https://bitcointalk.org/index.php?topic=583449.msg13429434#msg13429434

The Ring CT work and the GUI work are completely independent. Multisig is likely getting combined with Ring CT at this point.

https://bitcointalk.org/index.php?topic=583449.msg13429497#msg13429497

Answered there.

thx smooth.

[SmoothCurves]

Great surprise! Awesome work!

[iCEBREAKER]

Interesting comment from Shen about multisig

yep - very likely will be implemented in conjunction with the ring ct stuff

Following the "written up" link in the Ring CT post, section 4.4 of the paper describes how to implement "Ring multisignature". Some of the other CryptoNote coins have multisig, but only with 0 mixin.

Very nice work being done on the crypto front.

Great news!  Multisig is a requirement for use by Open/FreeBazaar, DNM, etc.



I look forward to struggling to comprehend the crypto magic involved in "ring multisignature."   

[americanpegasus]

I look forward to struggling to comprehend the crypto magic involved in "ring multisignature."  

 
  
Don't worry, I drank too much Vanilla Latte earlier and solved this on a napkin.  
  
Basically, you need to stop thinking of it as a 'ring' multisignature, or else you would need multiple overlapping rings in a two-dimensional cryptospace.  That quickly causes infinite conflicts.  
  
What we will do is create a cryptographic 'sphere' signature scheme (vs ring), and then our multi-sig rings can freely rotate around in 3D cryptospace.  
  
 
  
At this point the collisions become desired multi-sig targets.  Basically what we will do is allow transactions to mix freely on a potentially infinite amount of rings, and if you wish to have a multisig on your address then the program will find (or force) a collision between rings.  It might seem impossible to force different rings to intersect if they don't naturally, but (and I don't mean to blow your mind) the different cryptographic rings are also rotating around the cryptocore simulataneously.  A collision might be impossible to find for a human, but for a powerful computing network it will be trivial (or at least possible).  
  
You might also say, "But what if Bob and Alice both want to do a multisig and need to move a shared-ring in opposing ways to have their transaction process?".  Well, this is where transaction fees come into play in the Monero economy.  Either Bob can bid more than Alice in the fee department, or get in line and wait for a fortunate collision that allows his multisig crypto transaction to process.  This video can help you visualize the mathemagic that will be involved: https://youtu.be/T2OnfBGkcyw  
  
Anyway, it's not like anyone is *forcing* him to use Cryptonote multisig.  He can just use a single key transaction and his transaction will happen much quicker.  
  
Bottom line: multisig is possible with Cryptonote but there will be potential speed tradeoffs.  Fortunately as the multisig multidimensional cryptospace grows the potential intersections of rotating cryptographic rings around the central sphere will increase and it will become easier and cheaper to execute multisig address actions.  
  
My napkin proved all this, and was going to serve as my white paper, but the fucking barista at Starbucks threw it away with my coffee and I don't really feel like writing it all down again.  
  
So the proof is left as a trivial exercise for the intrepid reader.  Now if you'll excuse me, I'm off to browse the clearance racks at Ross.

[digicoin]

Someone dumped 15 btc, then 3BTC, then 5BTC. Quite a strange move

[owm123]

Someone dumped 15 btc, then 3BTC, then 5BTC. Quite a strange move

Could be a group of people. They bough before the 0.9 release, waited a bit till price increase after the release, and they are dumping now.