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/g/ - Technology
Nanonymity = Anonymity + Privacy + Security
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Sounds like the annual bitcoin proof of keys thing. It's bad practice to store cryptocurrency on exchanges. Your own wallet with your own private keys is the right place.
There is no particular reason why it will be delisted though.
There is no particular reason why it will be delisted though.
Thank you for this PSA. Of course you can't buy a privacy coin on exchanges. If you can, you can't withdraw it. You must acquire it the same way you buy illegal drugs: in-person p2p.
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>Monero is going to get delisted
>>61153
I just bought all my moneroj off kraken a couple months ago. Withdrew just fine... until now
I just bought all my moneroj off kraken a couple months ago. Withdrew just fine... until now
>>61133
The interesting twist here is that Monero's privacy techniques allows the exchanges to hide their monero.
The interesting twist here is that Monero's privacy techniques allows the exchanges to hide their monero.
>>61222
Not necessarily. There is support for separate "View Keys" which the exchanges have not published
Not necessarily. There is support for separate "View Keys" which the exchanges have not published
So OP, the monero run happened. What were the specific impacts it had?
Thoughts on what's happening with Monero at the moment? It doesn't look like an organic increase in real transaction volume to me or almost anyone else in the community who's seen it. The minimum fee is too low and the next hardfork should increase it.
It would be nice to see if the spread of previous blocks from which decoy ring inputs are taken looks the same as it normally does. At least the fees don't look the same, they're cheaper. Has anyone done this?
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>>63098
I hate to be negative, but I just don't see the appeal of this coin. What good is it if I can't even buy my morning coffee with it? The whole point of crypto - at least in my view - is to move away from fiat banking and its issues. Yeah, I get that some people see cryptocurrency as "digital gold" or whatever, but come on... what's the actual benefit if it just sits there?
And let's talk about that privacy feature - the anonymity set is tiny.
I've been using Monero for a while now, and it just works. Low transaction fees, easy to trade, and there's a real community actually using it day-to-day. Trust me, I learned this lesson the expensive way - having a wallet full of coins that you can't actually spend anywhere is pretty frustrating. Better to go with something practical that you can actually use.
I hate to be negative, but I just don't see the appeal of this coin. What good is it if I can't even buy my morning coffee with it? The whole point of crypto - at least in my view - is to move away from fiat banking and its issues. Yeah, I get that some people see cryptocurrency as "digital gold" or whatever, but come on... what's the actual benefit if it just sits there?
And let's talk about that privacy feature - the anonymity set is tiny.
I've been using Monero for a while now, and it just works. Low transaction fees, easy to trade, and there's a real community actually using it day-to-day. Trust me, I learned this lesson the expensive way - having a wallet full of coins that you can't actually spend anywhere is pretty frustrating. Better to go with something practical that you can actually use.
>>63104
Yeah but why not support another privacy coin?
Privacy coins are good and hopefully more people will catch on with to Firo as another tool like i2p is to Tor.
https://firo.org/guide/privacy-coin-comparison.html
The current blockchain size is 8GB unlike 80GB for Monero and also has Dandelion++ with full node use like Monero.
>What good is it if I can't even buy my morning coffee with it? The whole point of crypto - at least in my view - is to move away from fiat banking and its issues.
The whole point of crypto is to not have to ask for permission from payment processors, banks, or governments to send funds. The big problem is most cyrpto doesn't hide your transactions or the amount of funds in a wallet from people. Thats where Monero and other privacy coins come in. Unlike others Firo has been around a long time just like Monero. They aren't larpers like other projects that the focus is just fancy looking website or a GUI and no real features or technology implementations.
Yeah but why not support another privacy coin?
Privacy coins are good and hopefully more people will catch on with to Firo as another tool like i2p is to Tor.
https://firo.org/guide/privacy-coin-comparison.html
The current blockchain size is 8GB unlike 80GB for Monero and also has Dandelion++ with full node use like Monero.
>What good is it if I can't even buy my morning coffee with it? The whole point of crypto - at least in my view - is to move away from fiat banking and its issues.
The whole point of crypto is to not have to ask for permission from payment processors, banks, or governments to send funds. The big problem is most cyrpto doesn't hide your transactions or the amount of funds in a wallet from people. Thats where Monero and other privacy coins come in. Unlike others Firo has been around a long time just like Monero. They aren't larpers like other projects that the focus is just fancy looking website or a GUI and no real features or technology implementations.
I'm looking forward to increased anon set that is planned for Monero, but my biggest criticism of Monero is that it may be over engineered instead of more simple, in engineering aspect its better to not over complicate things. I'm a long time Monero person but here are some criticisms.
1. Miners make no money mining so are the only people mining it feds or people that have an incentive to have multiple miners (e.g think feds running mutiple TOR nodes). Miners and users are what make a crypto network strong.
2. The fees should be increased to incentive mining not like Bitcoin or ASIC Miners but not 0.1 cent that it is currently. It should be $0.50-1 realistically.
3. People only focus on this coin (all in one basket) rather then diversify. Yeah don't hold scam coins but hold and use Monero and hold other privacy coins for you social credit score portfolio.
1. Miners make no money mining so are the only people mining it feds or people that have an incentive to have multiple miners (e.g think feds running mutiple TOR nodes). Miners and users are what make a crypto network strong.
2. The fees should be increased to incentive mining not like Bitcoin or ASIC Miners but not 0.1 cent that it is currently. It should be $0.50-1 realistically.
3. People only focus on this coin (all in one basket) rather then diversify. Yeah don't hold scam coins but hold and use Monero and hold other privacy coins for you social credit score portfolio.
>>63115
I can understand where you're coming from, but I have to disagree with your points.
Monero may seem "over-engineered" to some, but the complex parts of its design are necessary for privacy and security. For example in Bitcoin you can build a transaction without live access to the blockchain. Other than the amount(s) and address(es) you're sending to, you (or the code in your Bitcoin wallet app) just need the transaction ID(s) you are spending from, which output(s) you want to spend, and to be able to unlock the output(s) in question, normally by knowledge of the private key of the address it was sent to. And it's simple in Bitcoin to verify that you're not spending more than you have. In Monero it involves non-interactive zero-knowledge range proofs known as bulletproofs, to keep transaction amounts private. In Monero, you need to choose other users' outputs from the blockchain to create a ring of decoys that hides your spent output among them, and, so that your transactions blend in with the rest, you must sample outputs in the same way as other users.
But in some ways Monero is actually simpler than other coins; notably Monero doesn't have a script interpreter to unlock outputs like Bitcoin - that's why I said "normally" by knowledge of the private key, though the possibilities such as multisig transactions that this enables in Bitcoin are not as complex as in Ethereum's EVM.
Mining doesn't give you special insights or control over the network. It's profitable in many parts of the world, and even if it isn't, people mine for various reasons beyond just selling for a quick profit. Some use mining as a safe and private way to acquire XMR in exchange for electricity, for instance.
Your point about fees is also a bit misguided. Monero fees are denominated in XMR rather than fiat, and like most coins, they're unrelated to the amount transacted. This is a privacy feature, and makes logical sense as network costs don't depend on transaction amounts. Higher fees could become an issue if the fiat price increases significantly, leading to excessive fees relative to typical transaction values. It would require another network upgrade to lower them again. $1 per transaction would already be pretty steep for many people worldwide. That being said, they could probably increase a little from what they are now.
I'm not sure what you mean by "for you social credit score portfolio." That doesn't really make sense in this context.
I can understand where you're coming from, but I have to disagree with your points.
Monero may seem "over-engineered" to some, but the complex parts of its design are necessary for privacy and security. For example in Bitcoin you can build a transaction without live access to the blockchain. Other than the amount(s) and address(es) you're sending to, you (or the code in your Bitcoin wallet app) just need the transaction ID(s) you are spending from, which output(s) you want to spend, and to be able to unlock the output(s) in question, normally by knowledge of the private key of the address it was sent to. And it's simple in Bitcoin to verify that you're not spending more than you have. In Monero it involves non-interactive zero-knowledge range proofs known as bulletproofs, to keep transaction amounts private. In Monero, you need to choose other users' outputs from the blockchain to create a ring of decoys that hides your spent output among them, and, so that your transactions blend in with the rest, you must sample outputs in the same way as other users.
But in some ways Monero is actually simpler than other coins; notably Monero doesn't have a script interpreter to unlock outputs like Bitcoin - that's why I said "normally" by knowledge of the private key, though the possibilities such as multisig transactions that this enables in Bitcoin are not as complex as in Ethereum's EVM.
Mining doesn't give you special insights or control over the network. It's profitable in many parts of the world, and even if it isn't, people mine for various reasons beyond just selling for a quick profit. Some use mining as a safe and private way to acquire XMR in exchange for electricity, for instance.
Your point about fees is also a bit misguided. Monero fees are denominated in XMR rather than fiat, and like most coins, they're unrelated to the amount transacted. This is a privacy feature, and makes logical sense as network costs don't depend on transaction amounts. Higher fees could become an issue if the fiat price increases significantly, leading to excessive fees relative to typical transaction values. It would require another network upgrade to lower them again. $1 per transaction would already be pretty steep for many people worldwide. That being said, they could probably increase a little from what they are now.
I'm not sure what you mean by "for you social credit score portfolio." That doesn't really make sense in this context.
What I said in >>61133 in spring 2022 is still true. It's a bad idea to store your money on an exchange, or in any way that involves another entity actually owning it, and you having to ask them nicely to act on your behalf (aka custodial wallets).
Exchanges Currently up:
* Kraken
* TradeOgre (Coin-to-coin)
* Bisq (Coin-to-coin)
Exchanges Currently BTFO:
* Binance
4/biz/ thread: https://boards.4channel.org/biz/thread/47946471
reddit thread: https://old.reddit.com/r/CryptoCurrency/comments/u3jozd/the_monerun/
This is it boys, the sheeple are waking up.