[XMR] Monero Speculation

[jehst]

I think think knowing something about monero adoption metrics can help us speculate better.

Some examples are:

1.  How many transactions per day are there? I'm not sure if this is possible to know.

2. How many times has the client been downloaded? rpietila seemed to have this information in the monero economics thread.

3. How many full nodes, listening clients, and miners are there? I can see there are 338 people connected to moneropool.com

Is anyone charting this stuff over time? I can do some investigation myself, but if someone else has already done it, I'd like to see what they've come up with.

[smooth]

I think think knowing something about monero adoption metrics can help us speculate better.

Some examples are:

1.  How many transactions per day are there? I'm not sure if this is possible to know.

2. How many times has the client been downloaded? rpietila seemed to have this information in the monero economics thread.

3. How many full nodes, listening clients, and miners are there? I can see there are 338 people connected to moneropool.com

Is anyone charting this stuff over time? I can do some investigation myself, but if someone else has already done it, I'd like to see what they've come up with.

1. I don't know of an easy source for this. Monerochain.info used to have a convenient chart but has been down for some time now. You would have to write code the analyze the blockchain itself. My guess is under 2000 but I think the number will increase now that per-kb fees are being rolled out.

2 Some stats on this were given some time back. We haven't released this recently but I'll see if we can release some updated numbers.

3. I'm not sure it is possible to know this. Someone would have to write a program to try to find as many nodes as it could and connect to them, but even that would only tell you about listening nodes. There are no lightweight clients, so all p2p clients are full nodes.

[dEBRUYNE]

I think think knowing something about monero adoption metrics can help us speculate better.

Some examples are:

1.  How many transactions per day are there? I'm not sure if this is possible to know.

2. How many times has the client been downloaded? rpietila seemed to have this information in the monero economics thread.

3. How many full nodes, listening clients, and miners are there? I can see there are 338 people connected to moneropool.com

Is anyone charting this stuff over time? I can do some investigation myself, but if someone else has already done it, I'd like to see what they've come up with.

1. I don't know of an easy source for this. Monerochain.info used to have a convenient chart but has been down for some time now. You would have to write code the analyze the blockchain itself. My guess is under 2000 but I think the number will increase now that per-kb fees are being rolled out.

2 Some stats on this were given some time back. We haven't released this recently but I'll see if we can release some updated numbers.

3. I'm not sure it is possible to know this. Someone would have to write a program to try to find as many nodes as it could and connect to them, but even that would only tell you about listening nodes. There are no lightweight clients, so all p2p clients are full nodes.

Would be nice if fluffypony could post the number of wallets created at my monero (if this is possible). Although number of wallets =! number of users, it would give a nice insight in adoption.

[mmortal03]

I don't even like the monero community.  I think they're kinda stuck up pricks.

Ignored.

[rpietila]

Would be nice if fluffypony could post the number of wallets created at my monero (if this is possible). Although number of wallets =! number of users, it would give a nice insight in adoption.

Such information will not be released at this point of development, as is obvious for a commercial service.

[UnicornFarts]

This is an amazing progress.

Any idea how hard it would be to implement multi sig that worked a little like 2fa?

So I registered the account from two devices & needed both keys/derived keys from words to withdraw?

For everyday use I could use both devices.  Keep two paper backups?  I once had my computer mega compromised and as much as exchanges scare me - a single controlling addresses scared me more (as I'm too lazy to secure it properly atm & it's my silent protest that crypto should be as easily securable as spent.  I don't go to more trouble than the avg consumer to try and keep in touch with how consumer friendly it actually is.)

I would donate $100 (which is a lot for me) towards a bounty to incorporate multisiglike 2fa into online or local wallet.  As far as I know no crypto has a real good solution to this so it would be great if xmr was the first

[saddambitcoin]

This is an amazing progress.

Any idea how hard it would be to implement multi sig that worked a little like 2fa?

So I registered the account from two devices & needed both keys/derived keys from words to withdraw?

For everyday use I could use both devices.  Keep two paper backups?  I once had my computer mega compromised and as much as exchanges scare me - a single controlling addresses scared me more (as I'm too lazy to secure it properly atm & it's my silent protest that crypto should be as easily securable as spent.  I don't go to more trouble than the avg consumer to try and keep in touch with how consumer friendly it actually is.)

I would donate $100 (which is a lot for me) towards a bounty to incorporate multisiglike 2fa into online or local wallet.  As far as I know no crypto has a real good solution to this so it would be great if xmr was the first

I read somewhere that the devs are already working on a multisig implementation for Monero. The multisig addresses will be indistinguishable from normal XMR addresses so you won't even be able to notice the difference. Either smooth or david latapie said this, iirc. Not sure how far out this is in the pipeline.

[Dotto]

We are on 18# in coinmarketcap. Cheers.

[rdnkjdi]

I was kinda wondering if that buy support was fake.  It either was or he decided he could get it cheaper.

Wonder if we'll tumble down into the single digits?

[farfiman]

We are on 18# in coinmarketcap. Cheers.

Still 8th when you take out all the nonminable-premined shit.
same place as has been for a very long time.

[Dotto]

We are on 18# in coinmarketcap. Cheers.

Still 8th when you take out all the nonminable-premined shit.
same place as has been for a very long time.

So 10 nonminable-premined shit have more marketcap than XMR, fantastic.

Pls note Im not blaming nobody. I just wanted to express some frustration... I guess it´s hoarding time, again.

To certain cabal calculations, BTC should be at least in 2-10k range and XMR around 120USD.

Reality is recognized in its improbability

[statdude]

You've gotta think we're at the bottom, otherwise Monero has less market cap / buy support even "fully mined" than DRK, Stellar, Maid, etc.

Many of these coins have hardly any trading at all. I guess the fact that Monero being created does drive the price down more regularly - as miners with free electricity have more incentive to sell than "premine" holders of other coins - but, by the same token, upside should be as easy to achieve as any coin, when the market is bullish.

I'm amazed the Web Wallet hasn't had more impact yet. Maybe the word hasn't really gotten out?

I saw DirectBet offering to add XMR soon - would be much more convenient to use with the Web Wallet. BTW, can anyone link me to where security with MyMonero is discussed? How secure is it compared to other methods of storage (on exchange, etc)?

As the victim of losing most of my crypto to Mintpal and now blockchain.info's horrible security over the past few months, I am now a security-minded first person, which is why I ask.

[smooth]

As the victim of losing most of my crypto to Mintpal and now blockchain.info's horrible security over the past few months, I am now a security-minded first person, which is why I ask.

It has advantages and disadvantages compared to an exchange.

On the plus side, the server does not normally have access to your spend key so your coins can't be stolen if the exchange is hacked (or claims to have been hacked). On the negative side, you are typing (or pasting) in your seed words every time you log in, and those provide full access to your coins so any kind of malware on your computer could intercept that. Also, legitimate exchanges normally keep most of their coins in cold storage so even in the event of a hack, only a portion would be lost. (Poloniex was hacked, lost some coins, but was able to recover and eventually paid everyone back.)

Used carefully from a very secure computer (and only from the computer) the web wallet should be safe. A very secure computer is not necessarily easy to set up and maintain though.

[dewdeded]

I think mymonero operates trustless, they cant steal, lose, get hacked or otherwise destroy your coins, because they don't hold the private keys. (like blockchain.info webwallets)

[statdude]

That's interesting, how do they operate trustless? A little beyond my comprehension.

[smooth]

I think mymonero operates trustless, they cant steal, lose, get hacked or otherwise destroy your coins, because they don't hold the private keys. (like blockchain.info webwallets)

That is true. However, the javascript is served from the site and if the site is hacked it could be substituted with a trojan (this is true of blockchain.info as well). I should have mentioned this in my previous post on risk factors but I forgot.

statdude: the way it works is most of the cryptography is done in your own browser via javascript, not on the server. So your spend key (equivalent of private key for the purposes of spending) is never sent to the server normally.

[wpalczynski]

That's a pretty clever solution.  Is it explained on the mymonero site anywhere?  It probably should be.

I think mymonero operates trustless, they cant steal, lose, get hacked or otherwise destroy your coins, because they don't hold the private keys. (like blockchain.info webwallets)

That is true. However, the javascript is served from the site and if the site is hacked it could be substituted with a trojan (this is true of blockchain.info as well). I should have mentioned this in my previous post on risk factors but I forgot.

statdude: the way it works is most of the cryptography is done in your own browser via javascript, not on the server. So your spend key (equivalent of private key for the purposes of spending) is never sent to the server normally.

[onemorebtc]

if the server is down, is there any way to get the keys working with simplewallet?

it would also be nice if mymonero could work as a bitpay bridge...
e.g. i order a pizza and enter the bitpay invoice number to mymonery which tells me how much xmr i need to pay...

[smooth]

if the server is down, is there any way to get the keys working with simplewallet?

Yes it uses the same keys.

[onemorebtc]

if the server is down, is there any way to get the keys working with simplewallet?

Yes it uses the same keys.

thank you!