[XMR] Monero Speculation

[TPTB_need_war]

Not this again.....

Facts don't have an ego. Study the facts, so you don't need to create needless drama spam posts.

If the facts are incomprehensible to you, then you will be inclined to post drama bullshit.

I ask you again, have you coded anything yet?

Yes. And probably before you were an adult. And yes again on crypto code (there is more private code hiding at BitBucket).

And a fact is that you are moving the goal posts. My post was about facts concerning what problems Monero does not solve. My post was not about who coded useless software.

More B-lister female bitch slapping drama posts coming?

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[smooth]

Please do not engage in petty back and forth on this thread. Disagreements and different perspectives are fine but please make sure each post is substantive (i.e. new content)

[smooth]

Both posts were continued back-and-forth attacks and were deleted. Without commenting on the merits of the statements made they are off topic for the thread. Please take it elsewhere

Please refrain from posting about how wonderful your crypto currency solution is until such a time as you have working code.  You spam various threads with your delusional attempts at promoting yourself with nothing tangible to back up your claims.  Anyone who gave any credence to your musings in the past has by now figured out you are full of hot air and nothing else.  Your constant criticism of everyone else along with your delusions of grandeur are getting old and boring.

Smooth asked you to please stop posting drama. I complied but you didn't, thus forcing me to respond to your pumping attempt drama.

Discussing the facts of technological designs is new information and is absolutely necessary so as to not waste time creating useless software. ArticMine sent me a PM and said he was looking at my posts and he would post later.

You however are just a pumper and creating useless noise posts. I don't care how you deal with your insecurities by convincing yourself that more useless code is irrelevant. Coding smart is more important than coding stupid.

[bitebits]

Since I am a little disappointed in Monero's RAM usage since version 0.9 (it is so low that my VPS is way overkill with it's meager 512mb RAM), I think that running a Monero node on a cheap Raspberry Pi 2 model B gets really interesting again. On https://getmonero.org/downloads/ the status is soon^tm.

However the recent Hydrogen Helix, Point Release 1 (0.9.1.0) has some interesting release notes, next to the urgent fix for the 'block 913193 attack' of course. Someone with more insight than me can shine some light on the status of development for building on ARM?

- Bug fix for the block 913193 attack, plus checkpoints
- Restored CMake 2.9 support
- Added --password-file option to simplewallet
- Various fixes for building on ARM
- Fixed importing with verify off

[nakaone]

monerodice is not working properly is it?

[dEBRUYNE]

monerodice is not working properly is it?

What is the issue / problem?

[dEBRUYNE]

Since I am a little disappointed in Monero's RAM usage since version 0.9 (it is so low that my VPS is way overkill with it's meager 512mb RAM), I think that running a Monero node on a cheap Raspberry Pi 2 model B gets really interesting again. On https://getmonero.org/downloads/ the status is soon^tm.

However the recent Hydrogen Helix, Point Release 1 (0.9.1.0) has some interesting release notes, next to the urgent fix for the 'block 913193 attack' of course. Someone with more insight than me can shine some light on the status of development for building on ARM?

- Bug fix for the block 913193 attack, plus checkpoints
- Restored CMake 2.9 support
- Added --password-file option to simplewallet
- Various fixes for building on ARM
- Fixed importing with verify off

[1] It should be working on your VPS, even with such a low amount of RAM. Bear in mind that LMDB only takes what it can get during syncing and after it completes it only takes around 50-100 MB of RAM. Perhaps your VPS host is killing your process due to high CPU load?

[2] You can try this guide for Raspberry Pi 2 -> https://forum.getmonero.org/5/support/360/bitmonerod-node-on-rpi2-working

[3] I'll let someone with more knowledge elaborate on ARM.

[primer-]

DASH : 0.011
XMR : 0.0011

Its over...

[dEBRUYNE]

It seems like Shen is going full steam ahead! Some updates regarding Ring Confidential Transactions for Monero:

edit 1/9/2016: Looks like its fully funded! Thanks to everyone who funded - I've started the work (https://github.com/ShenNoether/MiniNero/commit/9ede58897808bee784dab296654b99899a58c109), and I will be posting updates here for the next two weeks as I work on this, rather than updating both here and the stickied reddit post.

edit 1/13/2016: MG sigs + demo are done (git clone https://github.com/ShenNoether/MiniNero.git, cd brief, make, a.exe (or a.out depending on system)). Most of the helper functions are there, so the rest should go a little bit quicker. Also fixed a tiny bug in Monero's keccak function.

edit 1/14/2016: ASNL + demo are done. (https://github.com/ShenNoether/MiniNero/commit/88b2d93e137bd5a2e2a2700ac11136705bd463c5) I will probably do some additional checks on these and the MG sigs once I get everything finished, however they are working as expected now.

edit 1/15/2016: spent an all nighter getting a rough version of all the code finished - I will most likely clean it up, and then make it available early next week.

https://forum.getmonero.org/8/funding-required/2450/ring-ct-c-crypto

Primer, you make it sound like a battle.

[saddambitcoin]

monerodice is not working properly is it?

What is the issue / problem?

The invest page has not been loading for many users, myself included. Also, the site has been somewhat slow in general. From what I've heard, these issues have been fixed and are being tested currently, should be deployed soon.

[saddambitcoin]

Since I am a little disappointed in Monero's RAM usage since version 0.9 (it is so low that my VPS is way overkill with it's meager 512mb RAM), I think that running a Monero node on a cheap Raspberry Pi 2 model B gets really interesting again. On https://getmonero.org/downloads/ the status is soon^tm.

However the recent Hydrogen Helix, Point Release 1 (0.9.1.0) has some interesting release notes, next to the urgent fix for the 'block 913193 attack' of course. Someone with more insight than me can shine some light on the status of development for building on ARM?

- Bug fix for the block 913193 attack, plus checkpoints
- Restored CMake 2.9 support
- Added --password-file option to simplewallet
- Various fixes for building on ARM
- Fixed importing with verify off

Bitebits, you may want to give this version a try in addition to the guide that was posted. This is from the LMDB guy, so you can use LMDB on a RPi, which should make it sync much faster.

https://www.reddit.com/r/Monero/comments/414qpq/monero_on_32_bit_debian_jessie/

[bitebits]

Since I am a little disappointed in Monero's RAM usage since version 0.9 (it is so low that my VPS is way overkill with it's meager 512mb RAM), I think that running a Monero node on a cheap Raspberry Pi 2 model B gets really interesting again.

[1] It should be working on your VPS, even with such a low amount of RAM. Bear in mind that LMDB only takes what it can get during syncing and after it completes it only takes around 50-100 MB of RAM. Perhaps your VPS host is killing your process due to high CPU load?

[2] You can try this guide for Raspberry Pi 2 -> https://forum.getmonero.org/5/support/360/bitmonerod-node-on-rpi2-working

I was trying to be funny, Bitmonerod 0.9.1.0 runs great on my humble specs VPS. I am amazed with the low RAM usage (the whole VPS uses only 40 MB at the moment being a full non-mining node).

But thanks for the link. I will try it when my PI arrived, in addition to the link saddambitcoin gave (because the LMDB database is absolutely a great improvement):

Bitebits, you may want to give this version a try in addition to the guide that was posted. This is from the LMDB guy, so you can use LMDB on a RPi, which should make it sync much faster.

https://www.reddit.com/r/Monero/comments/414qpq/monero_on_32_bit_debian_jessie/

[Bassica]

I'm excited to see what will happen if we break 0.00125 on decent volume. Should be a real possibility in the coming days. I guess it will be an easy ride till 0.00145 where we run into some new resistance. Hopefully we've gathered some momentum by then, attracting more speculators into the long-boat .

Weekly MACD has now flipped positive, so seemingly good days ahead for the monero bulls!

[bclcjunkie]

imho slowly but surely fundamentals are getting stronger for monero's future importance...i couldn't have said it any better myself in regards to bitcoin centralization. if only he was interested in privacy part he would've definitely taken a look at monero as alternative to bitcoin.

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.hpiy3zuut

you can ignore the obituary part and read the cream of the post.

++Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people. Worse still, the network is on the brink of technical collapse. The mechanisms that should have prevented this outcome have broken down, and as a result there’s no longer much reason to think Bitcoin can actually be better than the existing financial system.++

[bitebits]

Even though I really like some features Monero has that Bitcoin simply can't have on a protocol level, you can't trust Mike Hearn is sincere anymore. He likely has a hidden agenda, why would you backstab Bitcoin like this? Bitcoin needs to proof it is anti-fragile (and it does!) and that it can deal with any kind of attack, political as well.

https://www.reddit.com/r/btc/comments/4171u6/mike_hearn_did_you_knowingly_write_your_leaving/

[vokain]

Even though I really like some features Monero has that Bitcoin simply can't have on a protocol level, you can't trust Mike Hearn is sincere anymore. He likely has a hidden agenda, why would you backstab Bitcoin like this? Bitcoin needs to proof it is anti-fragile (and it does!) and that it can deal with any kind of attack, political as well.

https://www.reddit.com/r/btc/comments/4171u6/mike_hearn_did_you_knowingly_write_your_leaving/

Was that Satoshi email in 2015 ever proven a hoax?

[dnaleor]

He likely has a hidden agenda, why would you backstab Bitcoin like this? Bitcoin needs to proof it is anti-fragile (and it does!) and that it can deal with any kind of attack, political as well.

It doesn't.

Fungibility attacks through regulation are pretty easy. Let me give you some examples:

*Forcing mining farms and mining pools to filter certain transactions. If you don't comply,you are in violation of AML laws.
*Force exchanges and payment processors to hand over their customer data. integrate that with blockchain analysis, crate a blacklist
*Enforce this blacklist through regulated payment processors and exchanges. Incoming blacklisted money need to be send immediately to the government wallet (civil asset forfeiture). You may have the chance to claim some of it back if you can prove that you received the BTC in a legitimate way.
*Automatically blacklist coins if you do a multi-input/multi-output transaction. only transactions allowed are "1 in, 2 out" (a spending transaction) and "multiple in, 1 out" (a grouping transaction). Businesses can get a license to be allowed to do other kinds of as well.
*If you have blacklisted coins, no worries. You can get them whitelisted if you pass them through some "government whitelisting agency" where you need to provide ID, proof of residence and of course a proof you got the funds in a legitimate way. (and maybe pay a fee for this service)
*If you want to avoid all this blacklisting/whitelisting hassle, just use a wallet provided by your favorite payment processor that already contains your identity information and your address. it's very convenient and you don't need to bother with the different kind of allowed transactions. your wallet just complies automatically

When government can regulate something, they eventually will.

[americanpegasus]

Reddit cross post since perhaps not all of you visit there: 
 

Sometimes it can be easy to lose sight of the inevitable: a private and global financial network does already exist.

You're part of it.  There is literally no better technology on Earth... So the question is - what level will it need to balloon to in order to function properly? Because the path of least resistance is for it to inflate in value, not for it to stagnate or collapse.

The answer even laymen give me is, "In the trillions."

Ok, well what about $5 trillion? That's a nice reasonable number, right?  Then that means we are looking at a reality where every Monero is worth $300,000 each (in today's USD).

Remember: either we continue to use technologically inferior money (unlikely), something drastically better is invented very soon (unlikely), or Cryptonote networks like Monero become titanic financial juggernauts (most likely outcome).

The stock market is down... Bitcoin is down... But our future is still quite rosy. Let's get excited for a great 2016 - possibly the year we broach a new level of mainstream awareness. 
 

[aeoncurrency]

Reddit cross post since perhaps not all of you visit there: 
 

Remember: either we continue to use technologically inferior money (unlikely), something drastically better is invented very soon (unlikely), or Cryptonote networks like Monero become titanic financial juggernauts (most likely outcome). 

I am not sure if I agree with this logic. Monero may be the best candidate to fill this market at this very moment but I hardly think that "something drastically better" needs to be "invented very soon" to avoid making Monero domination the "most likely outcome".

I don't think the very soon requirement is necessarily required (we are probably many years away from that much wealth being moved to the blockchain)

I am also not sure if "drastically better" is a requirement to surpass Monero either. Better marketing could be enough for an inferior technology to become the market leader if it is deemed "good enough" and gains critical mass before Monero.

I am optimistic about Monero but I try to temper that optimism.

[binaryFate]

Even though I really like some features Monero has that Bitcoin simply can't have on a protocol level, you can't trust Mike Hearn is sincere anymore. He likely has a hidden agenda, why would you backstab Bitcoin like this? Bitcoin needs to proof it is anti-fragile (and it does!) and that it can deal with any kind of attack, political as well.

https://www.reddit.com/r/btc/comments/4171u6/mike_hearn_did_you_knowingly_write_your_leaving/

Was that Satoshi email in 2015 ever proven a hoax?

It was not signed. The burden of proof is first to prove it's legit, not the opposite.
Satoshi knows perfectly that if it's not signed, it's no better than goat shit. He would have never bother to send something unsigned.