[XMR] Monero - A secure, private, untraceable cryptocurrency

[BitMarshall]

Why the hell does Monero align itself with the retarded small blocker camp? The more I research it, the more obvious it is to me that the small blockers in Bitcoin, Bitcoin Core, have just done horrible damage to Bitcoin's scalability and adoption (literally over 80% of the world earns less daily income than your BTC tx fee).

I know this isn't really the right place for it but I just really want to respond to this. I'm a small blocker myself. Let me explain why.

Increasing the block size IS NOT A SOLUTION to the scaling problem. We would run into unacceptable centralization pressures before we even began to approach blocks large enough to facilitate any acceptable level for a global currency. What it is is the illusion of a solution. What is so dangerous about the illusion of a solution is that it marginalizes the urgency of this problem. 1MB blocks is a very useful fire underneath everyone's asses. Once real solutions are developed than I'm all for safe increases in block size that parallel increases in network and data storage improvements if they work hand in hand with said real solutions. Until then I don't think it behooves us to remove that fire. Not if our main concern is the long term prospects of the crypto currency movement.

This position may very well be wrong. I am certainly wrong sometimes. But i'm confident that it is not immediately obvious that it is "retarded" and I think anyone who would claim that it is has not really been open minded to the arguments of their opposition.

I agree, you are completely right.

[7jaka7]

But there is 1 issue with Monero, a big one: SCALING

I think this is general problem with blockchain currencies. But a lot of devs are working on this, daily. Many approaches have been found (Segwit, increasing block limit, lightning network and probably many others). And most of them are being tested. Time will tell what is best and then best solution will be implemented in most blockchains.

Technology must evolve, everything can't be solved in one day.

[dEBRUYNE]

Anyone compiles it successfully on Mac OS?

Could you be more specific about your issue(s)?

[Globb0]

Just another day in you data is not safe land, here's one for all you guys who want to use android wallets and run your Linux boxes over WPA2.

As a proof-of-concept we executed a key reinstallation attack against an Android smartphone. In this demonstration, the attacker is able to decrypt all data that the victim transmits. For an attacker this is easy to accomplish, because our key reinstallation attack is exceptionally devastating against Linux and Android 6.0 or higher. This is because Android and Linux can be tricked into (re)installing an all-zero encryption key (see below for more info). When attacking other devices, it is harder to decrypt all packets, although a large number of packets can nevertheless be decrypted. In any case, the following demonstration highlights the type of information that an attacker can obtain when performing key reinstallation attacks against protected Wi-Fi networks:

https://www.krackattacks.com/

Summary of the exploit is: its a man in the middle attack. They can smell your wireless network and then impersonate it on a different channel with a stronger signal. The vulnerable devices don't check properly to see if its still the same network.

Then you are happily plugging away at your computer, believing you are on your usual network nothing to see here.

Its the same reason I have never used public internet in café's etc., you never know what is the real hotspot and what is a guy with a powerful laptop.

[walllaceee]

Alright so I hate to disrupt the flow of higher-level information being exchanged, however, I have a few basic/starter questions about Monero and crypto-currency trading in general.

Before I fully start investing a lot of time into this arena, monero specifically, what are the most important and most helpful concepts to learn about early on before high volume trading? I would like to have a decent understanding of Monero before getting too involved.

Additionally, my immediate attraction towards Monero is it relationship with successes in dark-web marketplaces. I believe strongly in their future successes and with Monero being a true anonymous cryptocurrency, as well as being used more I hope to see this as a great opportunity. Also does anyone have any opinions on the timing of getting into Monero now, has the major surges already happened, or is there plenty of room for growth in the next year or two.

Any helpful replies/opinions are greatly appreciated.

[KleinerMiner]

Hi!

Pretty sure this is a ridiculous question for you guys but i´m pretty new in mining (especially in monero mining).
I´m using claymore  Miner and everything is working stable and fine.
Also the rigs Performance is (i think) okay... 8x sapphire nitro rx 580 8gb with roundabout 5700-5800h/s with sucking ~940W from wall.

The only weird Thing is that the miner shows me lots (i mean really lots) of "Dev Fee Share Found" Messages.
I mean nearly every line says Dev Fee. wtf!?

Is this normal? On the other side nanopool.org tells me roundabout "correct" hash power.
Are there any hints regarding this question?

https://imgur.com/a/3blma

tia, KleinerMeiner

[garytheasshole]

Hi!

Pretty sure this is a ridiculous question for you guys but i´m pretty new in mining (especially in monero mining).
I´m using claymore  Miner and everything is working stable and fine.
Also the rigs Performance is (i think) okay... 8x sapphire nitro rx 580 8gb with roundabout 5700-5800h/s with sucking ~940W from wall.

The only weird Thing is that the miner shows me lots (i mean really lots) of "Dev Fee Share Found" Messages.
I mean nearly every line says Dev Fee. wtf!?

Is this normal? On the other side nanopool.org tells me roundabout "correct" hash power.
Are there any hints regarding this question?



tia, KleinerMeiner

Try this thread instead https://asktom.cf/index.php?topic=638915.4840;topicseen
You can disable the fee as a trade off to allegedly slower miner with -nofee 1 but I really don't notice any difference on pool side. Or you can be a dick about it and use something like netsed to replace the dev's address with your own as shares are submitted

[KleinerMiner]

gnaaa, dont wanna be a dick, just finding it weird that "Dev Fee" Pops up that much...

thanks, will try the ther thread.

 

[NrX]

Anonymous coins demand will not increase but we will see them usage more in future. These one two well established and trusted coins like Monero will be big winners. Tighten regulations and institutional attacks on cryptocoins will cause of this trend very soon.

[BurntSnow]

I lost some money when I trade with Monero. However, I still trust it, because the team works hard for the developments and also I can not make a relationship between my fault and the project.

[Millionero]

Alright so I hate to disrupt the flow of higher-level information being exchanged, however, I have a few basic/starter questions about Monero and crypto-currency trading in general.

Before I fully start investing a lot of time into this arena, monero specifically, what are the most important and most helpful concepts to learn about early on before high volume trading? I would like to have a decent understanding of Monero before getting too involved.

Additionally, my immediate attraction towards Monero is it relationship with successes in dark-web marketplaces. I believe strongly in their future successes and with Monero being a true anonymous cryptocurrency, as well as being used more I hope to see this as a great opportunity. Also does anyone have any opinions on the timing of getting into Monero now, has the major surges already happened, or is there plenty of room for growth in the next year or two.

Any helpful replies/opinions are greatly appreciated.

How about a variant of dollar cost averaging.
In conventional dca, you put the same amount of dollars into an investment per unit time.  Say you have 63 thousand dollars to invest.  You could invest 10.5 thousand dollars per month for 6 months.
But you could use an exponentially decaying function to set the buy amounts, say

32,000      October
16,000      November
  8,000      December
  4,000      January
  2,000      February
  1,000      March

63,000      total

or instead of having each monthly contribution decline by half, we might specify a decrease of thirty percent

21,420      October
15,000      November
10,500      December
  7,350      January
  5,130      February
  3,600      March

63,000      total

The above strategy isn't for the market timer or day trader, it's for the prospective hodler.

[7jaka7]

Alright so I hate to disrupt the flow of higher-level information being exchanged, however, I have a few basic/starter questions about Monero and crypto-currency trading in general.

Before I fully start investing a lot of time into this arena, monero specifically, what are the most important and most helpful concepts to learn about early on before high volume trading? I would like to have a decent understanding of Monero before getting too involved.

Additionally, my immediate attraction towards Monero is it relationship with successes in dark-web marketplaces. I believe strongly in their future successes and with Monero being a true anonymous cryptocurrency, as well as being used more I hope to see this as a great opportunity. Also does anyone have any opinions on the timing of getting into Monero now, has the major surges already happened, or is there plenty of room for growth in the next year or two.

Any helpful replies/opinions are greatly appreciated.

https://www.monero.how/ , http://monero-observer.com/ , https://getmonero.org/ , https://forum.getmonero.org Here, 4 links with tons of informations. I believe it will be enough.

IMO if you don't have any Monero you should buy some pretty fast, you never know when big rise in price will come. I believe that Monero has plenty of room for growth in next year or two. But you never know in crypto world, so be carefull!

[Hueristic]

Received this email, not even sure if it's true as I stopped using Mintpal as soon as it started looking scammy which was pretty quickly after Moolah got a hold of it. Moolah was an obvious scan from the get go.

Avon and Somerset Police Mintpal Investigation




Dear Sir/Madam,

 

Operation Sparrow is an ongoing UK fraud investigation into the activities of Moolah and its former CEO Ryan Kennedy, also known as Alex Green.

 

The investigation focuses on Kennedy’s acquisition of Mintpal in 2014 and the subsequent disappearance and dispersal of customers’ funds from the exchange.

 

Kennedy has been charged with a number of fraud offences in relation to these matters and is due to face trial at Bristol Crown Court.

 

I am writing to you as you have been identified through your email address as a possible victim of this fraud and may have incurred a financial loss. You are one of almost fourteen thousand people that have been affected by this case so please accept my apologies that it is not practical for me to respond to individual queries at this time. I would urge you not to reply directly to this email, nor to phone Avon and Somerset Constabulary regarding the case. Updates will be published as and when available.

 

At this stage of the investigation I am unable to confirm whether there will be any possibility of financial compensation.

 

I should be grateful if you would take a few minutes to complete the attached survey that will assist us in identifying potential victims more quickly and efficiently.

 

https://www.surveymonkey.co.uk/r/8GSBZJP

 

Please submit your completed questionnaire by 31st January 2018. Responses received after this date will not be processed.

 

Thank you for your time.

 

Yours faithfully,

 

Detective Constable Charlotte Suter

Economic Crime Team

Avon and Somerset Constabulary

 

 

Note: Survey Monkey is not affiliated to Avon and Somerset Constabulary.

Attached privacy policy explains how SurveyMonkey handles your personal information and data.

 

https://www.surveymonkey.net/mp/policy/privacy-policy/

 

 

 

 

 

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Internet e-mail is not secure. Therefore Avon and Somerset Constabulary does not accept legal responsibility for the contents or distribution of this message including file attachments. Any views or opinions presented are solely those of the author and do not necessarily represent those of Avon and Somerset Constabulary. All reasonable efforts have been made to check that any attached software or other material is/are free of computer viruses, but Avon and Somerset Constabulary accepts no responsibility for any damage, howsoever arising, as a result of their transmission to the recipient's computer or network.
Avon and Somerset Constabulary
Working to make the communities of Avon and Somerset feel safe and be safe

[garytheasshole]

Received this email, not even sure if it's true as I stopped using Mintpal as soon as it started looking scammy which was pretty quickly after Moolah got a hold of it. Moolah was an obvious scan from the get go.

Avon and Somerset Police Mintpal Investigation




Dear Sir/Madam,

 

Operation Sparrow is an ongoing UK fraud investigation into the activities of Moolah and its former CEO Ryan Kennedy, also known as Alex Green.

 

The investigation focuses on Kennedy’s acquisition of Mintpal in 2014 and the subsequent disappearance and dispersal of customers’ funds from the exchange.

 

Kennedy has been charged with a number of fraud offences in relation to these matters and is due to face trial at Bristol Crown Court.

 

I am writing to you as you have been identified through your email address as a possible victim of this fraud and may have incurred a financial loss. You are one of almost fourteen thousand people that have been affected by this case so please accept my apologies that it is not practical for me to respond to individual queries at this time. I would urge you not to reply directly to this email, nor to phone Avon and Somerset Constabulary regarding the case. Updates will be published as and when available.

 

At this stage of the investigation I am unable to confirm whether there will be any possibility of financial compensation.

 

I should be grateful if you would take a few minutes to complete the attached survey that will assist us in identifying potential victims more quickly and efficiently.

 

https://www.surveymonkey.co.uk/r/8GSBZJP

 

Please submit your completed questionnaire by 31st January 2018. Responses received after this date will not be processed.

 

Thank you for your time.

 

Yours faithfully,

 

Detective Constable Charlotte Suter

Economic Crime Team

Avon and Somerset Constabulary

 

 

Note: Survey Monkey is not affiliated to Avon and Somerset Constabulary.

Attached privacy policy explains how SurveyMonkey handles your personal information and data.

 

https://www.surveymonkey.net/mp/policy/privacy-policy/

 

 

 

 

 

**********************************************************************
This e-mail is intended for the named individual(s) only and may contain information which is protected in law. If you have received this e-mail in error, you may not read, copy, disseminate or otherwise deal with it. In this case, please delete the e-mail and contact the sender immediately.
Internet e-mail is not secure. Therefore Avon and Somerset Constabulary does not accept legal responsibility for the contents or distribution of this message including file attachments. Any views or opinions presented are solely those of the author and do not necessarily represent those of Avon and Somerset Constabulary. All reasonable efforts have been made to check that any attached software or other material is/are free of computer viruses, but Avon and Somerset Constabulary accepts no responsibility for any damage, howsoever arising, as a result of their transmission to the recipient's computer or network.
Avon and Somerset Constabulary
Working to make the communities of Avon and Somerset feel safe and be safe

Quite obvious that it is fake, the surveymonkey ref link is a dead giveaway.

[Hueristic]

...

Quite obvious that it is fake, the surveymonkey ref link is a dead giveaway.

Well the funny part is that Gov organizations use retarded software all the time.

[garytheasshole]

...

Quite obvious that it is fake, the surveymonkey ref link is a dead giveaway.

Well the funny part is that Gov organizations use retarded software all the time.

Got a good point there, it may be I'm just bit too paranoid and I think this is data harvesting operation.

[Hueristic]

...

Quite obvious that it is fake, the surveymonkey ref link is a dead giveaway.

Well the funny part is that Gov organizations use retarded software all the time.

Got a good point there, it may be I'm just bit too paranoid and I think this is data harvesting operation.

There's a very good chance your right, I just don't care enough to even google it but I figured whether it's phishing or true either way I'd let you guys know that I got one.

[iCEBREAKER]

there is 1 issue with Monero, a big one: SCALING

All decentralized cryptocurrency has this problem.  It is entailed by the massive trade-off Satoshi made of performance and efficiency for security.

But Monero is socially self-scaling just like Bitcoin in that as it grows in fiat value each tx can perform more economic work.

The ZOMG ALLCAPS SCAAAALING1! FUD was used by Chicken Littles to push famously failed projects like BitcoinXT.

The sky is not falling.  If you really want privacy to buy coffee, perhaps Aeon or PIVX will provide a substitute good until Monero's Layer 2 is ready.

Trust in marginalism and markets; the substitution effect and pricing mechanism ensure the supply of Monero tx is effectively infinite.

[nick1492]

Hi Guys, how come Monero coin, dips further and further? When you look at the graph, its trend is going down since the last pump of August 28? It has been 50 days and it still going down?

[explorer]

Hi Guys, how come Monero coin, dips further and further? When you look at the graph, its trend is going down since the last pump of August 28? It has been 50 days and it still going down?

  You think 8 red weekly candles isn't normal?  Where have you been?     Monero always drops on good news, and there is a lot of good news lately, that's all.