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

[iluvbitcoins]

I literally had a dream today that Monero was 2000$.
Dunno why, but I wanted to share this.

[wizzard0]

not sure this is the best place to ask, but... how long does monero full node currently take to sync? (given a SSD)

About a day, maybe less if you have a beefy CPU and decent bandwidth

Thanks, turned out the problem was high wifi packet loss, synced beautifully after I switched to wired LAN

[semiwylson]

as for me it is the most private coin!

[Shotz]

I literally had a dream today that Monero was 2000$.
Dunno why, but I wanted to share this.

The space is growing fast, anon coins are going to become very in demand soon.

[OWZ1337]

Thanks for the confirmation.  I hope mymonero.com site being down is just temporary.   If the site comes up, I might try to get my XMR out of that site and into another wallet.  These web wallets make me nervous. 

You can always use your seed from mymonero in the regular wallet. I'm not sure exactly how to do that, but I know it's possible.

trusting third partys to hodl your coins will get you rekt ~ lots of scams popping up now ..i'm going all into XMR :-D $500-$1000 easy//^$$$ weee

[xs.over]

WTF is going on with monero network hashrate 
From where are came these 100MH just in past 24 hours and almost 200Mh in past 2 weeks?

[explorer]

WTF is going on with monero network hashrate  
From where are came these 100MH just in past 24 hours and almost 200Mh in past 2 weeks?

Same place as price doubling and the thousands of new reddit users?  Mining questions have been much much higher as well.  As was once said (more than once?), It's Happening!

Add- also increasing reports of website miners.  As a concept, I have no problem if it is done ethically.  If it puts google ads out of business, so much the better.

[revelacaogr]

Introducing Stamp Monero! A Guerilla Monero Marketing Campaign
by Monerooby_Doo
https://www.reddit.com/r/Monero/comments/7kaztm/introducing_stamp_monero_a_guerilla_monero/


Hello all,
Join us and the Monero community in our mission to spread the Monero revolution world-wide!
After weeks of planning and putting this together, another user and I are happy to launch Stamp Monero, a guerrilla marketing campaign to bring awareness to Monero. We believe stamping physical fiat currency is an efficient and legal way to spread the word about Monero. According to Federal Reserve estimates and our assumptions, each one dollar bill you stamp may be seen by 438 other people (see FAQ to learn more). And yes, it's legal (in the U.S.).

Recently, there has been a lot of discussion regarding how we as a community can increase donations to the Monero fund. We are hoping this serves to further this goal of giving back to the Monero fund and helps get more users involved in promoting and contributing directly to the success of Monero. We are donating 10% of our proceeds to the general Monero fund and various Monero FFS projects.

We encourage everyone to not only Stamp Monero, but to also spread awareness on social media (Twitter and Instagram) by posting a image of your stamped bill with the hashtag #stampmonero. For bonus points, include your current location as well to let everyone know that this is a global phenomenon.

Additionally, if we don’t ship to you, or you would like to create your own Monero stamp, we offer the source file for free.

Thanks and looking forward to spreading Monero awareness with everyone!
P.S. And of course, thanks to Globee, we accept cryptocurrencies (including Monero) as payment.

[xs.over]

Same place as price doubling and the thousands of new reddit users?  Mining questions have been much much higher as well.  As was once said (more than once?), It's Happening!

Add- also increasing reports of website miners.  As a concept, I have no problem if it is done ethically.  If it puts google ads out of business, so much the better.

Where have you seen doubled price at past few days? Where have you seen at least hundreds of new users on ann thread or even reddit? Nothing. All is what we got it's insane jump in nethash on 100+Mh just within one day/few hours (hashing power of about 100K GPUs like rx 580 with top OC).

[explorer]

WTF is going on with monero network hashrate  
From where are came these 100MH just in past 24 hours and almost 200Mh in past 2 weeks?

Same place as price doubling and the thousands of new reddit users?  Mining questions have been much much higher as well.  As was once said (more than once?), It's Happening!

Read closer.  YOU said 2 weeks.

Reddit metrics say a thousand+ new subs per day

Bitcointalk is dead for Monero.  A forgotten outpost, where info is relayed last.  Just the old guard and a few stragglers here.

[TheMuppet]

Monero is one of the few tokens that has a LEGITIMATE chance to overtake BTC for overall dominance.

I don't think a lot of people are realizing how broken BTC is.  And how much Monero has superior tech.

[c789]

Multisignature has been merged: https://www.reddit.com/r/Monero/comments/7kfuqy/multisignature_just_got_merged/

Thank you, devs! Another great accomplishment!

[Anabetsi]

How many threads does this coin need?  Huh

[owlcatz]

How many threads does this coin need?  Huh

I don't know because this and speculation are all I  follow. What's your point I guess? People are mostly on reddit from what I have heard?

[Hueristic]

I'm interested in Monero and love the concept but someone I respect objects to it for the following reasons:

- it uses eliptic curve cryptography, which is known to be a method of choice when the NSA wants you to use something they can break and others can't

WRONG, NSA backdoored Dual_EC_DRBG random number generator library, which just so happens to be elliptic curve. It was added as a default library in some of the most secure programs and was pushed into the NIST release. Also by being in this library release on systems (like winblows) that did not use it as default left an attack vector that all they had to do was change the library being used (simple regkey in winblows) and you would never know you were using a compromised library. Actually eliptic curve is used to defeat various attack vectors the NSA uses so you should get your facts straight.

As estimated by the authors behind the Logjam attack, the much more difficult precomputation needed to solve the discrete log problem for a 1024-bit prime would cost on the order of $100 million, well within the budget of large national intelligence agency such as the U.S. National Security Agency (NSA). The Logjam authors speculate that precomputation against widely reused 1024-bit DH primes is behind claims in leaked NSA documents that NSA is able to break much of current cryptography.[3]

To avoid these vulnerabilities, authors recommend use of elliptic curve cryptography, for which no similar attack is known. Failing that, they recommend that the order, p, of the Diffie–Hellman group should be at least 2048 bits. They estimate that the pre-computation required for a 2048-bit prime is 109 more difficult than for 1024-bit primes.[3]

If NSA is breaking Diffie–Hellman, but has not pushed for US sites to upgrade to longer keys, then it would be an example of NSA's NOBUS policy of not closing security holes that NSA believes only they can exploit.

- ECC can trivially be broken by a quantum computer

This is just so much of a joke of a statement it doesn't warrant a response. A sufficiently large qubit QC will break any cryptography period.

- It uses many constants in the crypto that aren't "nothing up my sleeve numbers”. This is one of the main ways to make crypto breakable by only the organization who chose the constants.

By selectively omitting commonly selected numbers you can increase the randomness strength of elliptic curve.

- the constants were created by an author that only goes by a pseudonym

So what? Kinda like Satoshi Nagasaki?

- NSA has recently started trying to move federal systems away from ECC, ie they are likely aware of a weakness in it that may soon be exploitable by others

They are preparing for QC realities and have admitted that Suite B is inadequate to the task, why this is in your argument against Monero is anyones guess.

Can anyone please address these concerns? Thanks in advance.

READ THIS, You can tell you friend a little knowledge is a dangerous thing.

https://blog.cryptographyengineering.com/2015/01/14/hopefully-last-post-ill-ever-write-on/

[revelacaogr]

Multisig

https://github.com/monero-project/monero/pull/2134

[garytheasshole]

I'm interested in Monero and love the concept but someone I respect objects to it for the following reasons:

- it uses eliptic curve cryptography, which is known to be a method of choice when the NSA wants you to use something they can break and others can't

WRONG, NSA backdoored Dual_EC_DRBG random number generator library, which just so happens to be elliptic curve. It was added as a default library in some of the most secure programs and was pushed into the NIST release. Also by being in this library release on systems (like winblows) that did not use it as default left an attack vector that all they had to do was change the library being used (simple regkey in winblows) and you would never know you were using a compromised library. Actually eliptic curve is used to defeat various attack vectors the NSA uses so you should get your facts straight.

As estimated by the authors behind the Logjam attack, the much more difficult precomputation needed to solve the discrete log problem for a 1024-bit prime would cost on the order of $100 million, well within the budget of large national intelligence agency such as the U.S. National Security Agency (NSA). The Logjam authors speculate that precomputation against widely reused 1024-bit DH primes is behind claims in leaked NSA documents that NSA is able to break much of current cryptography.[3]

To avoid these vulnerabilities, authors recommend use of elliptic curve cryptography, for which no similar attack is known. Failing that, they recommend that the order, p, of the Diffie–Hellman group should be at least 2048 bits. They estimate that the pre-computation required for a 2048-bit prime is 109 more difficult than for 1024-bit primes.[3]

If NSA is breaking Diffie–Hellman, but has not pushed for US sites to upgrade to longer keys, then it would be an example of NSA's NOBUS policy of not closing security holes that NSA believes only they can exploit.

- ECC can trivially be broken by a quantum computer

This is just so much of a joke of a statement it doesn't warrant a response. A sufficiently large qubit QC will break any cryptography period.

- It uses many constants in the crypto that aren't "nothing up my sleeve numbers”. This is one of the main ways to make crypto breakable by only the organization who chose the constants.

By selectively omitting commonly selected numbers you can increase the randomness strength of elliptic curve.

- the constants were created by an author that only goes by a pseudonym

So what? Kinda like Satoshi Nagasaki?

- NSA has recently started trying to move federal systems away from ECC, ie they are likely aware of a weakness in it that may soon be exploitable by others

They are preparing for QC realities and have admitted that Suite B is inadequate to the task, why this is in your argument against Monero is anyones guess.

Can anyone please address these concerns? Thanks in advance.

READ THIS, You can tell you friend a little knowledge is a dangerous thing.

https://blog.cryptographyengineering.com/2015/01/14/hopefully-last-post-ill-ever-write-on/

We're beyond FUCKED if ECC is broken, Monero is not a concern at all https://ianix.com/pub/curve25519-deployment.html

[jgkolt]

I am a new to Monero and running into some issues syncing the blockchain for the first time. 

I downloaded and ran monero-gui-v0.11.1.0 . The sync was taking over a day and still had a lot left so I looked for ways to speed this up. I read you can download the raw blockchain (https://www.monero.how/tutorial-how-to-speed-up-initial-blockchain-sync) imported and finished the sync. Once it finishes I save and shut down the daemon.  I launched the gui and it tries to start syncing all over again.  Am I doing something wrong? I thought the blockchain was fully synced and downloaded and I don't know if it will ever finish syncing through the Gui. Any suggestions on getting the blockchain to sync faster through the gui? Thank you for your help!

[comicbook125]

It starts to get less profit for me in mining XMR, perhaps switching to trading only.

[explorer]

I am a new to Monero and running into some issues syncing the blockchain for the first time. 

I downloaded and ran monero-gui-v0.11.1.0 . The sync was taking over a day and still had a lot left so I looked for ways to speed this up. I read you can download the raw blockchain (https://www.monero.how/tutorial-how-to-speed-up-initial-blockchain-sync) imported and finished the sync. Once it finishes I save and shut down the daemon.  I launched the gui and it tries to start syncing all over again.  Am I doing something wrong? I thought the blockchain was fully synced and downloaded and I don't know if it will ever finish syncing through the Gui. Any suggestions on getting the blockchain to sync faster through the gui? Thank you for your help!

On what system?  Was it syncing the blockchain, or the wallet to the blockchain? You can connect to a remote node for use until your own copy of the blockchain is ready to go.

I find that starting the daemon, and not starting GUI until after it is up to speed works best is the only way to make it work on my old windows setup.  I put this entirely down to old hardware that was not fast even new, and of course, windows.  As has been posted before, cutting edge software works best on cutting edge hardware.