[XMR] Monero Speculation

[wpalczynski]

nice

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

Yes it uses the same keys.

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[iCEBREAKER]

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.

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.

Thanks to Cryptome, Snowden, etc. we know Windows_NSAKEY is insecure by design.  And that goes double for crApple.

So what handy USB distro should we recommend to access MyMonero, for those of us who can't verify/compile/install/configure/maintain a hardened single-purpose OpenBSD machine?

Tails, Kali, and Qubes appear to be the top 3 choices:

http://lifehacker.com/linux-security-distros-compared-tails-vs-kali-vs-qub-1658139404

[othe]

You can also take a look at Whonix, its a debian based VM, its 2 parts, 1 is a tor router and 1 is the actual vm preinstalled with most security tools you need.

[fonzie]

WOW

0.0011

NOT BAD 

[nioc]

WOW

0.0011

NOT BAD 

Is the btc speculation thread too slow at the moment for trolling?

Cyber Monday sale!!

Current price is 0.0014  I bought some below that and sold it above.

But mostly I hodl for the long term.

[bobabouey2]

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

Yes it uses the same keys.

Is this a new development.  I asked the question of Fluffypony and he said no a week ago:

Just did my first transaction on mymonero, worked great!

Quick question.  I see under account details you can get address, view key and spend key.  Would it be possible to also get the seed words used for the "restore deterministic wallet."  That way, if there was ever a glitch with the website, you could quickly replicate the entire wallet to a local machine.

Right now there isn't interioerability between simplewallet and MyMonero. We will be providing that capability later on.

https://bitcointalk.org/index.php?topic=583449.msg9654716#msg9654716

[Hueristic]

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...

don't buy Pizza! you could be wasting millions.

[binaryFate]

Since I've been into bitcoin I took pretty much all kind of possible bad decisions when "investing" further. I got badly burned on my way to today. Still I believe I learned few things on this bumpy road, one of which is that everything gets largely priced in way before being actually confirmed/delivered.
For this reason I don't eat the "it will bump once the DB/GUI/<insert other stuff> is here". I think it will bump once it's clear in many people the DB/GUI/<insert other stuff> is getting both highly likely to be delivered, and close to be delivered.

So I think we might actually switch to a bullish sentiment sooner than what seem typically expected when reading here and there.

[smooth]

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

Yes it uses the same keys.

Is this a new development.  I asked the question of Fluffypony and he said no a week ago:

There was a bug but its fixed in github now and should be in the upcoming binaries.

[wachtwoord]

WOW

0.0011

NOT BAD 

Is the btc speculation thread too slow at the moment for trolling?

Cyber Monday sale!!

Current price is 0.0014  I bought some below that and sold it above.

But mostly I hodl for the long term.

0.0014 is still extremely low. Moment of maximum despair?

[rangedriver]

Still I believe I learned few things on this bumpy road, one of which is that everything gets largely priced in way before being actually confirmed/delivered.

Unfortunately (or fortunately) the market isn't able to see the completed sudoku puzzle - rather only one number at a time.

For example, you and the markets probably won't be aware of a particular media spotlight on Monero that could conceivably quadruple its price, at minimum. Such a media spotlight has been been deliberately postponed by the developers until such time as the DB/GUI is ready - a strategy made in order to avoid inevitable 'not quite ready for the mainstream yet' pandemonium.

That's just one example. There are loads others.

 

[ArticMine]

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

Yes it uses the same keys.

Is this a new development.  I asked the question of Fluffypony and he said no a week ago:

There was a bug but its fixed in github now and should be in the upcoming binaries.

This is actually very significant since it directly impacts making MyMonero.com trust less.

[smooth]

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

Yes it uses the same keys.

Is this a new development.  I asked the question of Fluffypony and he said no a week ago:

There was a bug but its fixed in github now and should be in the upcoming binaries.

This is actually very significant since it directly impacts making MyMonero.com trust less.

You could always rely on the fact that if you printed out the actual (hex) keys from the backup page you could recover a wallet from that (since that really all a wallet is in monero -- that's all that is in the .keys file). It would require writing a very small program to do it but if anything happened to the site you can be sure someone would come up with that quickly. Wouldn't even need to be one of the original developers.

[bobabouey2]

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

Yes it uses the same keys.

Is this a new development.  I asked the question of Fluffypony and he said no a week ago:

There was a bug but its fixed in github now and should be in the upcoming binaries.

This is actually very significant since it directly impacts making MyMonero.com trust less.

You could always rely on the fact that if you printed out the actual (hex) keys from the backup page you could recover a wallet from that (since that really all a wallet is in monero -- that's all that is in the .keys file). It would require writing a very small program to do it but if anything happened to the site you can be sure someone would come up with that quickly. Wouldn't even need to be one of the original developers.

Ok, so if you have the hex keys from the backup wallet, you can restore from that - BUT, it may require a program.

But I assume you still can't use the restore deterministic wallet approach (which was my question), as the Mymonero login uses 13 words, vs 24 for simplewallet?

And is there any difference in the two restore approaches? 

Also, by the use of the phrase "deterministic wallet", I figured simplewallet worked similarly to Electrum, and thus multiple keys / addresses could be generated and used by the wallet, and the restore deterministic wallet would mean all of those would be restored by the same 24 words.  If this is the case, does the Mymonero wallet use the same approach, or for simplicity, does it just use one key / address?

[smooth]

But I assume you still can't use the restore deterministic wallet approach (which was my question), as the Mymonero login uses 13 words, vs 24 for simplewallet?

One word is a checksum. The other 12 words are supported by this:

https://github.com/monero-project/bitmonero/commit/2e11eb150444086dd936b10680bf354b548cc1f5

And is there any difference in the two restore approaches?  

No a wallet is just the keys file, and the words are just a mechanism for getting the keys.

Also, by the use of the phrase "deterministic wallet", I figured simplewallet worked similarly to Electrum, and thus multiple keys / addresses could be generated and used by the wallet, and the restore deterministic wallet would mean all of those would be restored by the same 24 words.  If this is the case, does the Mymonero wallet use the same approach, or for simplicity, does it just use one key / address?

The generation of one-time keys for each transaction using the original (wallet) keys is an inherent part of cryptonote ("unlinkable" i.e. stealth addresses), and is described in the white paper (section 4.3).

The word deterministic here refers to whether the keys (wallet keys, not one time keys) themselves are created using a RNG or from seed words. Using seed words allows the key generation process to be repeated by providing the same words, resulting in the same keys.

[bobabouey2]

The generation of one-time keys for each transaction using the original (wallet) keys is an inherent part of cryptonote ("unlinkable" i.e. stealth addresses), and is described in the white paper (section 4.3).

The word deterministic here refers to whether the keys (wallet keys, not one time keys) themselves are created using a RNG or from seed words. Using seed words allows the key generation process to be repeated by providing the same words, resulting in the same keys.

Thanks, just reread 4.3 and it makes sense.

Still, what about if I wanted to use different addresses / public keys, does the wallet manage that?  Even if the actual transaction is confidential, I can see situations where you would not want someone to be able to link the same receive address.  I.e. a vendor might want to have different addresses for different stores so they aren't linked?  Or would you have to have two wallets for that at this point?

[smooth]

The generation of one-time keys for each transaction using the original (wallet) keys is an inherent part of cryptonote ("unlinkable" i.e. stealth addresses), and is described in the white paper (section 4.3).

The word deterministic here refers to whether the keys (wallet keys, not one time keys) themselves are created using a RNG or from seed words. Using seed words allows the key generation process to be repeated by providing the same words, resulting in the same keys.

Thanks, just reread 4.3 and it makes sense.

Still, what about if I wanted to use different addresses / public keys, does the wallet manage that?  Even if the actual transaction is confidential, I can see situations where you would not want someone to be able to link the same receive address.  I.e. a vendor might want to have different addresses for different stores so they aren't linked?  Or would you have to have two wallets for that at this point?

Right now you have to use two wallets. It is possible at some point in the future someone will create a multiaddress wallet.

[saddambitcoin]

Seems more simple to just generate separate wallets. Much like you would have a separate bank account for business, personal, or savings use.

[nioc]

WOW

0.0011

NOT BAD 

Is the btc speculation thread too slow at the moment for trolling?

Cyber Monday sale!!

Current price is 0.0014  I bought some below that and sold it above.

But mostly I hodl for the long term.

0.0014 is still extremely low. Moment of maximum despair?

As a moment is a very short lived thing I don't know which one you are referring to.  And not just despair but maximum despair, oh my.  I guess different people react differently to different events.

If all my Monero would vanish this moment there would be no despair even though it would be a significant event.

I speculate that the chances of Monero's success are significant. 

[bclcjunkie]

absolutely spot on... monero hasn't been in media spotlight yet and for a good reason. Instead of ending up media hyped, pretty shrink wrapped confetti it's better developers take time to strengthen underlying engine and iron out bugs. In terms of other privacy centric coins this reminds me a poker game where monero is going to be the last to open its winning cards. Meanwhile dark is firing up on all media cylinders while pushing a tech with inherent flaws such as masternodes yes there are some encryption based routes and blah blah which is nothing but hyped up tech jargons, there'll be more band aids because the inherent flaw is the more they centralize their infrastructure based on masternodes the easier it will be to take it down... anyway drk pump and dump shills will tell me other pretty things because they have their sell orders to fill... One thing for sure by the time a lot of people realize how vulnerable drk is, monero won't have to do heavy lifting in marketing as by then dark would've already paved the way for monero...  

Still I believe I learned few things on this bumpy road, one of which is that everything gets largely priced in way before being actually confirmed/delivered.

Unfortunately (or fortunately) the market isn't able to see the completed sudoku puzzle - rather only one number at a time.

For example, you and the markets probably won't be aware of a particular media spotlight on Monero that could conceivably quadruple its price, at minimum. Such a media spotlight has been been deliberately postponed by the developers until such time as the DB/GUI is ready - a strategy made in order to avoid inevitable 'not quite ready for the mainstream yet' pandemonium.

That's just one example. There are loads others.