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Author Topic: [XMR] Monero Speculation  (Read 3312335 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 1+ user deleted.)
cAPSLOCK
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May 03, 2018, 03:51:09 PM
 #38021

where is the ledger integration? It was "very very soon" two weeks ago
It cant officially happen before there is 0.12.1  Should happen this month for sure. Probably first half.

Read somewhere reddit/twitter that 0.12.1 is one to two weeks out.
Still expecting cli only. Would be a great surprise to see gui integration but I really doubt it.

You can use Ledger with the GUI. There is, however, one caveat. That is, you can only generate the wallet with the CLI.

Why is that? Are there potential security issues with generating through the GUI, or just something else entirely?

Wallet creation in the command line requires a different argument and will interact with the existing 24 word seed in your ledger.  I think that functionality will just need to be mirrored in the gui.  A button for wallet creation from Ledger and such...
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May 03, 2018, 06:18:42 PM
 #38022

where is the ledger integration? It was "very very soon" two weeks ago
It cant officially happen before there is 0.12.1  Should happen this month for sure. Probably first half.

Read somewhere reddit/twitter that 0.12.1 is one to two weeks out.
Still expecting cli only. Would be a great surprise to see gui integration but I really doubt it.

You can use Ledger with the GUI. There is, however, one caveat. That is, you can only generate the wallet with the CLI.

Why is that? Are there potential security issues with generating through the GUI, or just something else entirely?

Wallet creation in the command line requires a different argument and will interact with the existing 24 word seed in your ledger.  I think that functionality will just need to be mirrored in the gui.  A button for wallet creation from Ledger and such...

Correct.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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May 03, 2018, 06:26:00 PM
 #38023

where is the ledger integration? It was "very very soon" two weeks ago
It cant officially happen before there is 0.12.1  Should happen this month for sure. Probably first half.

Read somewhere reddit/twitter that 0.12.1 is one to two weeks out.
Still expecting cli only. Would be a great surprise to see gui integration but I really doubt it.

You can use Ledger with the GUI. There is, however, one caveat. That is, you can only generate the wallet with the CLI.

Why is that? Are there potential security issues with generating through the GUI, or just something else entirely?

Wallet creation in the command line requires a different argument and will interact with the existing 24 word seed in your ledger.  I think that functionality will just need to be mirrored in the gui.  A button for wallet creation from Ledger and such...

Correct.

When could this button be ready? Smiley
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May 03, 2018, 11:24:43 PM
Last edit: May 03, 2018, 11:35:34 PM by birr
 #38024

In this case I find the "short", selling XMV from the air drop, even more appealing since MoneroV goes against something I hold very dear in Monero.  

So, claiming the MoneroVs in order to dump them is not potentially reducing the privacy of Monero anymore?

One has to use the mitigations provided in version 0.12.x of Monero.  https://monero.stackexchange.com/questions/7826/how-can-individuals-safeguard-themselves-and-the-community-against-a-key-reusing/ The objective in both cases is to have at least 6 identical pre fork fake outputs when spending on both chains.  There are two cases here.

1) MoneroV  XMV
MoneroV will, according to the Monerov developers be supporting the mitigations and  have replay protection. So to claim the MoneroV one first spends one Monero to another Monero Wallet one controls, and this is very important, using
Quote
segregate-pre-fork-outputs in monero-wallet-cli or "I will spend on a key reusing fork" in monero-wallet-gui, ensures that spending a pre-fork output only uses pre-fork fake outputs, since spending on both blockchains will moot post-fork outputs.
One should verify the that rings are using pre fork fake outputs before making the spend.  Make sure to set the MoneroV fork block to 1564965. Now if one installs the MoneroV software over the now empty Monero wallet it should recognize the shared RingDB; however since the MoneroV software is not available at this point this cannot be verified. There is no rush at this point with claiming the MoneroV.  I would wait until one understands how the MoneroV software works before claiming the MoneroV.

2) Monero Original / Classic  XMO / XMC
This does not support the mitigation nor does it have replay protection. There is a limited replay protection on the Monero side because of the increase in ring size from 5 to 7. On the other hand because it used the existing version 0.11.x of Monero there is no risk of a malicious back door introduced by the XMO / XMC developers. In this case one has to spend the Monero Original / Classic first. It is imperative that this be done only to a wallet one controls because of the risk of a replay attack on the Monero chain. Furthermore in order to generate the minimum common pre fork outputs I ended up using a large ring size on the Monero Original / Classic. One then has to enter the rings by hand in to the V0.12.x version of Monero and then spend the Monero to a wallet one controls. This locks out the replay attack. One can then spend the Monero Original / Classic.
Thanks for the stackexchange link.  Just started reading it, will take time to digest.
I'm getting ready to send some xmr to an exchange.  In the event that I decide to claim the monerov later, are there precautions I need to take now with this transaction?  My initial impression is that I can go ahead and make the transaction, and that if I need to deal with print_ring and so forth, that comes later.
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May 04, 2018, 12:23:19 AM
 #38025

where is the ledger integration? It was "very very soon" two weeks ago
It cant officially happen before there is 0.12.1  Should happen this month for sure. Probably first half.

Read somewhere reddit/twitter that 0.12.1 is one to two weeks out.
Still expecting cli only. Would be a great surprise to see gui integration but I really doubt it.

You can use Ledger with the GUI. There is, however, one caveat. That is, you can only generate the wallet with the CLI.

Why is that? Are there potential security issues with generating through the GUI, or just something else entirely?

Wallet creation in the command line requires a different argument and will interact with the existing 24 word seed in your ledger.  I think that functionality will just need to be mirrored in the gui.  A button for wallet creation from Ledger and such...

Correct.

When could this button be ready? Smiley

with 0.12.1 maybe?
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May 04, 2018, 12:31:17 AM
 #38026

...
Thanks for the stackexchange link.  Just started reading it, will take time to digest.
I'm getting ready to send some xmr to an exchange.  In the event that I decide to claim the monerov later, are there precautions I need to take now with this transaction?  My initial impression is that I can go ahead and make the transaction, and that if I need to deal with print_ring and so forth, that comes later.


The is a very important precaution that you need to take now. When you spend your XMR You need to make use of the mitigation I quoted above in order to ensure that the fake outputs used by a pre fork output are all before the fork, since only pre fork outputs can be identical on both chains.

Edit: It is also best if the XMR spends to empty the wallet, be to a wallet you control, and then from that wallet make a spend to a third party such as an exchange.

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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May 04, 2018, 01:04:04 AM
 #38027

...
Thanks for the stackexchange link.  Just started reading it, will take time to digest.
I'm getting ready to send some xmr to an exchange.  In the event that I decide to claim the monerov later, are there precautions I need to take now with this transaction?  My initial impression is that I can go ahead and make the transaction, and that if I need to deal with print_ring and so forth, that comes later.


The is a very important precaution that you need to take now. When you spend your XMR You need to make use of the mitigation I quoted above in order to ensure that the fake outputs used by a pre fork output are all before the fork, since only pre fork outputs can be identical on both chains.

Edit: It is also best if the XMR spends to empty the wallet, be to a wallet you control, and then from that wallet make a spend to a third party such as an exchange.

I don't get it, why would an exchange have to freeze the wallets for a goddamn snapshot???

Quote
XMR is currently under maintenance or experiencing wallet issues. Deposits and withdrawals will remain disabled as we work to find, test, and audit a solution. Thank you for your patience in the meantime.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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May 04, 2018, 04:36:08 AM
 #38028

Filling up @ 0.025  Grin
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May 04, 2018, 08:15:52 AM
 #38029

Brutal couple of weeks for Monero, has virtually been left behind on the run up.

Maybe now its rid of the forks it can make some moves.
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May 04, 2018, 02:30:00 PM
 #38030

Brutal couple of weeks for Monero, has virtually been left behind on the run up.

Maybe now its rid of the forks it can make some moves.

Monero has a bit of a tradition of being more stable during both alt bulls and alt bears. 

Until it decides to take a quantum leap.

At least this is the way things have gone for XMR in the past.

It's pretty common to feel like you are missing out on the party when you hold Monero.  Monero throws it's own parties.
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May 04, 2018, 02:39:35 PM
 #38031

...
Thanks for the stackexchange link.  Just started reading it, will take time to digest.
I'm getting ready to send some xmr to an exchange.  In the event that I decide to claim the monerov later, are there precautions I need to take now with this transaction?  My initial impression is that I can go ahead and make the transaction, and that if I need to deal with print_ring and so forth, that comes later.


The is a very important precaution that you need to take now. When you spend your XMR You need to make use of the mitigation I quoted above in order to ensure that the fake outputs used by a pre fork output are all before the fork, since only pre fork outputs can be identical on both chains.

Edit: It is also best if the XMR spends to empty the wallet, be to a wallet you control, and then from that wallet make a spend to a third party such as an exchange.

Actually, I know this is a suggestion that is always recommended, but why not just wait it out and leave the XMR in your wallet, be patient and claim your fork coins after the dust has settled on all the possible vulnerabilities and threats? I am actually not claiming the forks for Monero but I did that with Bitcoin last year and faced no issues. Maybe you lose some money after the spike, but in fact I made more selling my Bcash long after the fork when it shot up in price later on.

.
..........
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.....I AM BLACKJACK.FUN.....
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..........
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May 04, 2018, 02:43:03 PM
 #38032

the mitigation I quoted above
presumably refers to segregate-pre-fork-outputs.
That isn't a command, so it must be a flag or an option that one appends to the transfer command, is that right?  I use cli.
So the syntax is to type a transfer command with segregate-pre-fork-outputs (no preceding hyphen) at the end of the line?
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May 04, 2018, 04:11:00 PM
 #38033

Brutal couple of weeks for Monero, has virtually been left behind on the run up.

Maybe now its rid of the forks it can make some moves.

Monero has a bit of a tradition of being more stable during both alt bulls and alt bears. 

Until it decides to take a quantum leap.

At least this is the way things have gone for XMR in the past.

It's pretty common to feel like you are missing out on the party when you hold Monero.  Monero throws it's own parties.

Yep it throws its own late and not as big parties.

Hence its steady slide down the rankings from being a top 5 coin to where it is now
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May 04, 2018, 06:36:43 PM
 #38034

Brutal couple of weeks for Monero, has virtually been left behind on the run up.

Maybe now its rid of the forks it can make some moves.

Monero has a bit of a tradition of being more stable during both alt bulls and alt bears. 

Until it decides to take a quantum leap.

At least this is the way things have gone for XMR in the past.

It's pretty common to feel like you are missing out on the party when you hold Monero.  Monero throws it's own parties.


Still one of my favourite posts in this thread:

It's not about HW wallets or anything, XMR is being price suppressed because big players are accumulating it big time. As someone said smart money is well aware of monero and they want to keep it as much as they can for themselves until inflation is low and they can mark the price way up

Didn't you guys notice we always are the last to pump ? its because pump happen in hierarchical orders, first you get the shittest of the the shitcoins with the wierd names like GROESTLECOIN and so on, then you got noob coins and strange coins and semi good coins, and when smart money has taken dumb money for as much as they can they pump XMR because they need to store their accumulated wealth somewhere, and whats the better place than monero?

Next year, we'll be at 4% inflation, this is bitcoin level now, and then quickly we'll be under bitcoin yearly inflation... this will be the time to mark up the price BIG TIME, I'm talking BTC current level

This is a slow play, this is like poker when you got quad aces and you want to take as much as you can from the noobs, you take your time, you let dumb money bids and buy DRAGONCHAIN and then you put your profit back into XMR.

RINSE and REPEAT until we're at 2-3% inflation and price is above 10K and doesn't come back.
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May 05, 2018, 05:42:08 AM
 #38035

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...
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May 05, 2018, 05:55:11 AM
 #38036

I've seen some tweets and news about Japan will ban some "privacy" cryptocurrencies like XMR.

Do you guys think is that possible? yes, the governments may ban some exchanges but nothing else. Filled up @0.025, hope to sell @0.03
20% of profit would be nice to me  Grin

buy me a beer with ETH : 0x71b959c89ca613cce3d7b3270149d919143c1dff
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May 05, 2018, 06:33:14 AM
 #38037

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that  Roll Eyes

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May 05, 2018, 06:36:01 AM
 #38038

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that  Roll Eyes

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/
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May 05, 2018, 06:37:21 AM
 #38039

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that  Roll Eyes

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/

Just Japan, well that's not enough for a significant drop  Grin

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May 05, 2018, 07:30:21 AM
Last edit: May 05, 2018, 10:53:20 AM by mnemonicsoup
 #38040

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that  Roll Eyes

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/

There is no ban in Japan, just a recommendation by the FSA(Financial Services Agency) and so far no one has followed it. From your linked article:

“Unfortunately, Coincheck and Monex already delisted all three currencies a while ago. So far, they are the only companies to do so.”

So, two exchanges delisted XMR (and others) but not related to this FSA recommendation because it was before that.
So, writing “XMR banned on more and more exchanges” is clearly exaggerated for dramatic effect. Smiley

Also the coincheck (and perhaps Monex) delisting is probably related to the coincheck hack (as I’ve read somewhere). Something about them being afraid that the privacycoins could be used to obfuscate the stolen NEM. Perhaps that decision even influenced the FSA in their recommendation.
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