Washington DC Field Office Cyber Crimes Unit analyzed the blockchain and de-anonymized bitcoin transactions allowing for the identification of two different hackers one of whom was a 17-year old suspect that was arrested for the recent Twitter hack
Hi all, there is an impressive new hardware wallet device called Lattice1 that was developed and built by the Grid+ project. It would be great if Monero support were added to it. The process is technically way way out of my league, but figured I’d put it out here for the community to see. Their reddit page says they are open to adding new coins in addition to bitcoin and eth. The more hardware wallet choices for Monero the better.
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My first time run monerod with IPV6 ，any ideas?
monerod startup arguments:
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I know it's on Sundays when we can present our skeptical arguments about the project, but in the recent months I've been consumed by "negative" thoughts about the cryptocurrency scene and I wanted to try to start a discussion about the real usefulness, in scale, of cryptocurrencies like Monero (or even Bitcoin). This thread is not intrinsically about the Monero protocol, but about the objective of the project which in the end is also the objective of other projects on the scene.
The scene sells the idea that with cryptocurrencies, you can be your own bank. The question is
Who really wants to be their own bank?
Look around you. Do you believe that people today, compared to one or two previous generations, have more or less financial responsibility? Do you believe that people save more or less money?
I have the impression that fewer and fewer people are looking for responsibility, both personally and financially. Most people in the West acclaim larger governments, with more tentacles, regardless of the ideological inclination of left or right. Generations of young adults and teenagers are growing up with the idea that their money in the bank is "guaranteed" by the government. There is no notion of risk. Socially, current adults are like big children, crying fault at every opportunity, requiring big entities both private and public to take action for them or protect them from literally anything, including protection from "bad feelings" and other ridiculous things.
With that in mind, how can the scene sell the idea of being your own bank? How can we convince ordinary citizens, who are often irresponsible with their finances, with basically no technological knowledge other than accessing Instagram and Facebook, to use cryptocurrencies? What's even the use case for them? The moment someone mismanages their keys and lose their money, the person will hate cryptocurrencies and won't look back. And this is no fault of any project, because as Uncle Ben told us before, with great power [to control your finances] comes great responsibility [to keep it safe], but in the mind of the average user, we're comparing a system where money is "protected" from malicious people (and from the user himself), against a system that doesn't hold the user's hands when something goes wrong. What system do you reasonably think the average user will choose?
The use case
I have great difficulty in seeing a version of the near future (~5-10 years) where cryptocurrencies have any kind of relevant use. The only real case where this new money is really useful is in international peer-to-peer transfers. I, who am an immigrant and have above-average technological knowledge, enjoy the potential that cryptocurrencies offer to transfer money to my family in my home country without having to pay the horrible fees that other traditional financial services offer. Of course, this is only possible because I have been able to structure a process and a plan for these transfers to take place successfully, because at the end of the day my family is not technologically literate and they can't buy virtually anything with cryptocurrencies (which in this case is converted immediately to fiat), and fiat money is still and will remain king for a long time to come.
What the future holds?
My fear is that projects like Monero will never cease to be a small niche project, where a few thousand people use it to protect their financial privacy, increase their freedom, and maybe even buy some drugs. And all right, this is not necessarily the end of the world, but it is an unfortunate attestation of how contemporary society assigns value and importance to superficial things, it is a testament to how contemporary society is more than willing to abandon most of its freedoms (and therefore responsibilities) in exchange for stupid convenience, which preys in the innocence of citizens who in turn live with an abundance of narcotics and endless entertainment.
That's it. I know my ideas about the project and the scene may be clouded by negative thoughts. I also know that no one is able to predict the future, but having access to the information I currently have, that is the best prediction I can make, and it doesn't look very good.
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Hey guys, so my friend just got into crypto trading and he is changing his 5th exchange. That got me thinking: how many trading platforms a typical trader tries when starting out? I guess I got lucky (or maybe brainwashed by the media) and kept trading on the same one.
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so I hesitated to post a newbie question here but I think I am the first to ever discuss this question on reddit, please bear with me...
so I try to send out some xmr on the GUI in simple mode and it asks to use sweep unmixable because of some strange output number. So I open the GUI wallet this time in advanced mode and connect to some remote node. I hit that sweep unmixable button and it says something like "this can't be done on a remote node, it's restricted in the API, run your own node".
so if I am stuck with some strange output and need to do sweep unmixable, do I have to run my own node? I can't do that at the moment. can I use some software like mymonero to handle this for me?
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I am a going to be starting my bachelors program in computer science within the next year because I want more than anything to really help the Monero community.
I am starting a little late as I am 27 but figured it is better to start at some point then never. I work for a University so the classes will be free but due to work the program will probably take 5 years.
I sincerely want to be able to help the Monero community and actually do the more deep dive technical stuff that you guys need help with.
What courses/code should I heavily look into learning and doing if I basically want to go to school to benefit our community?
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MONETOR WHITE PAPER DRAFT
I had an epiphany today what if the Monero project created a free speech open content sharing platform that was fully decentralized similar to LBRY but used Monero to fuel the content.
Why the name Monetor?
Monero + Monitor like your computer display == Monetor your window into your censorship free privacy blockchain content sharing platform. No more governance from tyrants who want to silence us the people of the world. The platform to end all knowledge suppression while keeping its creators in control and all incentives go back into the network for maintenance and strength. Lets make the WORLD great again. Speak free or die trying.
Creator could use small fractions of Monero to post content similar to what LBC is used for
Normal users can also opt in to be side nodes this will give them a small kickback for supporting the network as a P2P server and watching videos. They will not gain the same amount as a full Node because they are only supporting the network while using it but everyone gets a small piece since they become part of the mesh.
An app similar to LBRY's can be made and distributed open source for android and iOS, Also made available on the F-Droid for those whom despise using Google tracked phones.
This Monetor project could also be deployed as Monero Side chains with its own token that is directly connected to Monero so they can can be easily exchanged to one another on the fly if that makes it easier to manage the network.
I am not a programmer I wish I was I know this might be a pipe dream but maybe someone with the knowledge can start this project and make it a reality the world knows we need something like this in these times of dire need for freedom and privacy from the chains of big centralized platforms. Maybe a brilliant group of people see this and make it a reality that's good enough for me. If they want more ideas for inspiration on how I would approach this they can feel free to contact me here
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I've been wanting to build a small mining rig because I've gotten an interest in Monero. After doing my research, it turns out that not only is Monero ASIC resistant, but it's also GPU resistant as well, meaning that the only way to mine RandomX is by doing it through a CPU, and that would require having a low spec computer with a good CPU. I tried looking at CPU benchmarks for Monero, and it looks like there are no CPUs that are profitable to mine on, especially after considering hardware price. Does anyone know of a potential build that can be profitable, while not taking 5 years to pay off?
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A lot of improvements and changes in the last few weeks. Including some big speed ups, important SEO improvements and updated content.
These are the major changes since my last update:
Note that i only included in the list major changes that users can be interested to. Many more changes have been implemented, you can see a more complete overview and the complete list of commits on GitHub.
We need contributors!
Contributors willing to help with the website are always welcome. You are encouraged to join the
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CLSAG is a pretty sweet update for Monero, and it deserves a cool logo. Anyone want to take a stab at making the CLSAG logo? We have less than 24 hours before some blog posts go out, and now is our best change to create a logo that will stick.
CLSAGs make Monero's ring signatures faster and more efficient. They are replacing MLSAGs.
Here's a terrible example I came up with, so hopefully the community can save us with a better choice: https://usercontent.irccloud-cdn.com/file/bkba0UTQ/clsag
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Anyone who speaks legalese care to translate the new EU Travel Rule and its possible implications for Monero?
What is current CLSAG status? I maintain some code that needs to be tested once that change has been introduced.
Is CLSAG already present on the testnet? When is it expected to appear on stagenet?
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As we promised we've launched a dedicated instant Monero exchange. 0.4% of its total turnover will be donated to the Monero Project
Hey everyone recommend this interview with Vikrant Sharma (Founder of Cake Wallet App) about Monero and why he started Cake Wallet. Interviewed by Jason Willliams. Enjoy!
Hi, I have been reading about Monero and trying to understand how it works. When it comes to the wallet I understand that it needs to evaluate all the blockchain in order to get the actual balance of the account.
How does this works exactly? Does the wallet client requires to download all the blockchain and then try to decrypt block by block to collect transactions for the wallet’s address and subaddresses?
How is this efficient and how long does it takes? Would there be a moment when the whole blockchain is just too big to store in an embedded device or mobile phone? Is there an index or hash lookup of some sort?
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We take your security VERY seriously (Right after our first public breach)
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Hello everybody, just wanted to introduce myself, been involved in crypto currencies for several years now. My old account had some personal stuff in from years ago so did not want to mix my professional and personal life. That said, I am a great great fan of Monero, I am currently doing a SWOT(Strength, Weaknesses, Oppurtunities, Threats) Analysis on the project. I believe Monero is strongly undervalued and i have put my money where my mouth is and purchased a considerable amount of XMR. I may purchase substantially more or invest in mining monero in order to provide hashpower to secure the network. Thank you for having me in the group. I look forward to learning and sharing my ideas and thought and listening to yours. Especially you XMR Devs!
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During the last dev meeting was approved October 17th as the date for the next network upgrade. The software necessary to be part of the upgrade will be released one month before: September 17th.
Network upgrades are hard forks and require all members of the ecosystem to upgrade to the newest version of the Monero software (which, as said above, will be release September 17th) or they will find themselves outside the Monero network (forked away).
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