What is Monero

File: 17 KB, 1200x632, logo.png [View same] [iqdb] [saucenao] [google]

What is Monero Anonymous Sun Jul 30 06:22:58 2017 No.2909259 [Reply] [Original]

What is Monero (XMR)?

Monero is a secure, private, untraceable Crypto Currency.

What makes Monero (XMR) different than other cryptocurrencies?

Private:
Monero uses a cryptographically sound system that allows you to send and receive funds without your transactions being publicly visible on the blockchain. This ensures that your purchases, receipts, and other transfers remain private by default.

Untraceable:
By taking advantage of ring signatures, Monero enables untraceable transactions. This means it's ambiguous which funds have been spent, and thus extremely unlikely that a transaction could be linked to particular user.

Unlinkable:
To accompany and enhance the ring signatures/ untraceability, monero uses ring confidential transactions (RingCT) to hide transaction amounts as well.

Fungible:
Every Monero remains equal and identical to any other Monero. It is the property of a digital asset whose units/value are capable of mutual substitution no matter what historical transactions occurred in the past.

>>	Anonymous Sun Jul 30 06:23:31 2017 No.2909263 https://imgur.com/a/GWcXb

>>	Anonymous Sun Jul 30 06:23:41 2017 No.2909266 >>2909259 Upvote

>>	Anonymous Sun Jul 30 07:06:42 2017 No.2909441 >>2909259 Two questions, what is stopping other shit coins from adopting the security tech? And if it's so secure and all the darknet markets use it why is it not valued higher?

Anonymous Sun Jul 30 07:29:49 2017 No.2909509

>>2909441
>what is stopping other shit coins from adopting the security tech?
Because other shitcoins were not built from the ground up with mandatory privacy. They will never be private by default.
>And if it's so secure and all the darknet markets use it why is it not valued higher?
Because not all darknet makets use it. Even in the markets that do, only a small minority of vendors accept it. It will take a while before it becomes the standard currency over bitcoin.

>>	Anonymous Sun Jul 30 07:29:51 2017 No.2909511 >>2909441 Because everyone has its eyes focused on BTC and ETH atm Which is a good thing if you believe monero has potential and want to invest

>>	Anonymous Sun Jul 30 08:02:23 2017 No.2909596 >>2909509 Alphabay got busted because of Bitcoin. The dark net is almost unanimous, monero is the new standard

>>	Anonymous Sun Jul 30 08:25:03 2017 No.2909661 >>2909596 It's the new standard, yes, but it will take some time for it to be widely adopted and take over Bitcoin in the dark net. It's just that though; a matter of time and nothing more.

>>	Anonymous Sun Jul 30 08:57:26 2017 No.2909797 >>2909511 nah it boomed recently and people chased it

>>	Anonymous Sun Jul 30 09:06:46 2017 No.2909823 File: 592 KB, 1200x628, reasons002.png [View same] [iqdb] [saucenao] [google] I heard that Monero won't be allowed to rise over $60. Do you think that is true?

>>	Anonymous Sun Jul 30 12:56:35 2017 No.2910849 >>2909823 Bump

>>	Anonymous Sun Jul 30 13:41:05 2017 No.2911039 >>2909823 Who could prevent that from happening?

>>	Anonymous Sun Jul 30 13:46:01 2017 No.2911054 >>2911039 Only the market.

>>	Anonymous Sun Jul 30 14:21:21 2017 No.2911229 >>2909823 Bump this shit

>>	Anonymous Sun Jul 30 14:24:40 2017 No.2911254 What do you guys think of Digital Note?

>>	Anonymous Sun Jul 30 14:28:46 2017 No.2911283 Wait until the latin american drug cartels find out about it. Could MONERO unravel big government? Can't tax it. Could government make Monero illegal on exchanges inside the U.S???

>>	Anonymous Sun Jul 30 14:35:02 2017 No.2911331 Monero cost 80 fucking cents last year.... I tried buying it on shapeshift but gave up. I want to fucking neck myself

>>	Anonymous Sun Jul 30 14:41:40 2017 No.2911375 >>2911283 Yes, Monero it's a ridiculously powerful weapon against the government

>>	Anonymous Sun Jul 30 14:58:28 2017 No.2911490 >>2911254 >What do you guys think of Digital Note? Abandoned shitcoin and delisted, just another alt zombie

>>	Anonymous Sun Jul 30 15:07:18 2017 No.2911539 I heard if we pump it we get free poniezzzzz

Anonymous Sun Jul 30 15:15:53 2017 No.2911579

>>2911283
just wait for street nigs to start using QR codes on their cellphones. how will (((they))) prove you sold drugs? oh you're a drug dealer huh? where's all your money? not a big deal when you have to serve 5 years and you know you wallet is safe and your money is waiting for you when you get out. crypto changes everything.

>>	Anonymous Sun Jul 30 15:19:11 2017 No.2911595 >>2911579 Oh shit you are right. I'm planning to buy 19 Monero anyway.

Anonymous Sun Jul 30 15:22:24 2017 No.2911610

You guys are being mislead. There were holes regarding the anonymity of monero in their whitepaper. Zcash and it's associated zkSNARKS protocol is the only protocol on the market that would effectively protect your meta. Monero has no future, it's promise will be stolen by Zcash as it continues to develop.

>>	Anonymous Sun Jul 30 15:23:30 2017 No.2911618 >>2911610 Sources please?

Anonymous Sun Jul 30 15:24:50 2017 No.2911628

>>2911610
>a coin that the devs themselves want to be too traceable for criminals
>optional privacy that's off by default
>FUD non peer reviewer paper made by a researcher with clear conflicts of interest
>funded by governments and bankers that hate anonymity for the masses
Try shilling harder good goy

>>	Anonymous Sun Jul 30 15:25:14 2017 No.2911631 >>2911618 http://www.trustnodes.com/2017/04/15/monero-transactions-usually-not-anonymous-says-new-study Perhaps if you want to consider Monero to Zcash as Litecoin is to Bitcoin then stick to your guns on Monero. However, it's days are numbered.

>>	Anonymous Sun Jul 30 15:25:49 2017 No.2911635 Inb4 asshurt zcash holders.... >>2911610 Damn too late

>>	Anonymous Sun Jul 30 15:27:03 2017 No.2911641 >>2909263 When you link an image in an imageboard xd

Anonymous Sun Jul 30 15:27:42 2017 No.2911643
File: 12 KB, 480x360, 1498683422753.jpg [View same] [iqdb] [saucenao] [google]

>>2911610
That's been proven to be unfounded FUD. Zcash is a scam. 20% mined goes directly to devs pockets. Confirmed backdoored by one of the devs or at least suggested that there is some way they can prevent illegal activity.

>>2911631
The Miller paper is not legit. Miller was/is an adviser to Zcash and his paper was not peer reviewed and held under any scrutiny because it's bullshit and he knows it. 0-mixin transactions were not something Monero devs were unaware of but because the currency was not being used for anything other than mining it they were allowed to take place. This has all been addressed.

tl;dr it's a Zcash hitpiece, plain and simple.

>>	Anonymous Sun Jul 30 15:32:01 2017 No.2911664 File: 437 KB, 730x604, 1500861093737.png [View same] [iqdb] [saucenao] [google] >>2911643 I hope you are right Sir

Anonymous Sun Jul 30 15:32:20 2017 No.2911666

>>2911643

Thanks for the counterpoints. Are you able to provide details on how they addressed the obvious unmasking in regard to the mixing? If they havn't actually addressed it then it's not better than litecoin (which is fine coin but it doesn't make unsubstantiated complete privacy claims)

>>	Anonymous Sun Jul 30 16:20:02 2017 No.2911932 >>2911283 how would they spend it tho?

>>	Anonymous Sun Jul 30 16:26:34 2017 No.2911972 Im banking on Zcoin. Its a bit different than Zcash and the devs have a decent roadmap. Plus it seems Cryptonote has an exploit that is technically possible to still do even though it would be pretty damn hard

>>	Anonymous Sun Jul 30 16:28:10 2017 No.2911983 >>2911666 Here's an unofficial response from one of the devs that addresses the concerns brought up in the paper. https://getmonero.org/2017/04/19/an-unofficial-response-to-an-empirical-analysis-of-linkability.html

>>	Anonymous Sun Jul 30 17:20:09 2017 No.2912281 File: 77 KB, 944x670, 1500727287280.jpg [View same] [iqdb] [saucenao] [google] >>2911610 FUD.

Anonymous Sun Jul 30 17:22:26 2017 No.2912293

>>2909259
How can you call Monero secure? You telling me that the NSA, FBI or NYPD couldn't trace your transaction even if they wanted to? They could because Monero's security has flaws that allow them to, flaws your investors dare not even think about themselves.

>>	Anonymous Sun Jul 30 17:23:24 2017 No.2912301 File: 254 KB, 787x543, 15108993465242.png [View same] [iqdb] [saucenao] [google] >>2912293 Speaking from experience, Zooko?

>>	Anonymous Sun Jul 30 17:51:02 2017 No.2912504 File: 120 KB, 280x291, 1501223479822.png [View same] [iqdb] [saucenao] [google] >>2909259 FUCKING WHY DOES MONERO KEEP GOING DOWN???? I BOUGHT IN AT 165K REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Anonymous Sun Jul 30 18:02:33 2017 No.2912581

>>2911331
I hear you. In 2016 because I'm a DIY'er I said, "I'm not going to buy Ethereum when I can mine it myself." Instead I spent $30,000 on vending machines. If I'd just simply spent a day spending that same money buying Ethereum I would never have to work again. As it is I'm 64 and I'm going to be working into my 70s at least.

>>	Anonymous Sun Jul 30 18:03:24 2017 No.2912587 >>2911579 Thank God for capitalism and crypto!

>>	Anonymous Sun Jul 30 18:05:19 2017 No.2912601 >>2911664 He is, I know for sure from my own sources.

>>	Anonymous Sun Jul 30 18:35:39 2017 No.2912774 >>2909596 AlphaBay got busted because the admin leaked his email address. All we really learned about Bitcoin is that mixing doesn't work.

Anonymous Sun Jul 30 18:37:41 2017 No.2912782

Call my bullshit if you won't, I'm not trying to argue the point but I have a friend works Micro$hit DCU and they have cracked XMR. It's fully traceable if you use M$ to move it.

Again, don't believe me if you want. I'm still invested in XMR. Just throwing it out there.

>>	Anonymous Sun Jul 30 18:38:31 2017 No.2912788 >>2912504 did you ask yourself the same thing when it was going up? because btc-e was clearly buying it to launder money, and now theyre dumping to cash out

>>	Anonymous Sun Jul 30 18:40:10 2017 No.2912796 >>2912788 Correction: The american gouverment is cashing out MY FUCKING MONEY. Thanks. At least I can buy some cheap XMR -.-

>>	Anonymous Sun Jul 30 18:41:18 2017 No.2912802 >>2912504 Everyone has been telling you to not buy it for mooning in the short term dumb pink woojak >>2912782 My dad works at Nintendo too, but yeah of your system it's backdoored of course they will have your keys and be able to see your transactions

>>	Anonymous Sun Jul 30 19:00:45 2017 No.2912900 What's the easiest way to buy XMR? I'm trying to get in before all this BTC volatility

>>	Anonymous Sun Jul 30 19:35:31 2017 No.2913126 >>2912900 Kraken makes it pretty easy.

>>	Anonymous Sun Jul 30 20:35:37 2017 No.2913494 File: 441 KB, 1709x983, zcash_backdoor.png [View same] [iqdb] [saucenao] [google] >>2912774 thats right goy, it wasnt the backdoor!

>>	Anonymous Sun Jul 30 20:53:14 2017 No.2913573 File: 661 KB, 1704x1289, 1501461337730.png [View same] [iqdb] [saucenao] [google]

Anonymous Sun Jul 30 20:54:01 2017 No.2913574
File: 534 KB, 1161x430, PPP.png [View same] [iqdb] [saucenao] [google]

PivX is better

literally stands for Private Instant Verified Transaction. Coin mixing, and the Zerocoin protocol
Also: Monero will never moon, the devs are very against it, sorry xmr shills

>>	Anonymous Sun Jul 30 21:50:27 2017 No.2913856 >>2913574 >optional coinjoin >masternodes >not fungible literally dashJr

>>	Anonymous Sun Jul 30 22:23:34 2017 No.2913981 File: 21 KB, 271x274, reallynigga2.jpg [View same] [iqdb] [saucenao] [google] >>2911610 I was waiting for this guy to get here

>>	Anonymous Sun Jul 30 23:37:28 2017 No.2914290 >>2913573 Linking AlphaBay shutdown to Ztrash is a bit of a stretch. It was still a terrible idea to implement it of course.

>>	Anonymous Sun Jul 30 23:41:35 2017 No.2914307 File: 181 KB, 1080x1350, 18095306_129544870924456_7723403649879113728_n.jpg [View same] [iqdb] [saucenao] [google] Is it unhackable though?

>>	Anonymous Mon Jul 31 00:05:01 2017 No.2914411 >>2912504 its actually been relatively stable recently

>>	Anonymous Mon Jul 31 00:12:15 2017 No.2914451 >>2914307 Hackers wouldn't know which wallets to target

>>	Anonymous Mon Jul 31 01:02:55 2017 No.2914696 File: 375 KB, 1538x2048, DF7m3biW0AQ5uhp.jpg [View same] [iqdb] [saucenao] [google] wheh the ecnomy crashes will monera save us>?

>>	Anonymous Mon Jul 31 01:04:22 2017 No.2914703 stop shilling this coin already

>>	Anonymous Mon Jul 31 01:10:12 2017 No.2914721 >>2914703 Exactly. DeepOnion is where it's at. No. Google it yourself.

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance