131–140 of 142 posts
What about ordinary people who had money/bitcoins/other cryptocurrency on btc-e? What will happen with money in btc-e's wallets?
It sounds like the US just got control of the domain, not the server(s). Some reports that their other domain may still be up (btc-e.nz), but it just hangs for me.
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Monero[1] was created, among other reasons, to solve the privacy problem. It uses something called a ring signature[2], which is composed of a group 'decoy' public keys, plus yours, as part of every transaction which makes it impossible for an outsider to trace. Monero is fungible, whereas Bitcoin is not. [1]: https://getmonero.org/ [2]: https://getmonero.org/resources/moneropedia/ringsignatures.h...
Monero and Dash are both making a play at the anonymous space, do you have an opinion about Monero vs Dash?
2. Dash is basically a coin join, working like a Bitcoin mixer. This means you can still gather some information from the mix given enough analysis. It's different compared to Monero where you cannot tell which of the possible inputs is the right one. The security is based on probability and cryptography instead of obfuscation.
3. Monero hides both the addresses of the transaction and the amount. In Dash the transaction amount is open and analysis could correlate the obfuscated sending and receiving addresses.
4. The mixing in Dash is performed by "masternodes", a subset of all nodes, and if compromised they can break the privacy. Particularly scary after the recent Bitcoin mixer shutdown. Monero contains no such third party weakness.
All in all the anonymity of Dash is a joke compared to what Monero gives you.
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You mean, what are legitimate uses for decentralized internet cash? Besides everything that physical cash is good for, plus many more uses made possible because you can send money without exchanging physical tokens? Come on...
Physical cash is great for tax evasion and criminal activity.
Computers can be used to watch child pornography. What point am I making with this phrase? None.
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Monero and Dash are both making a play at the anonymous space, do you have an opinion about Monero vs Dash?
1. Monero's transactions are private by default. In Dash it's optional (and slower). 2. Dash is basically a coin join, working like a Bitcoin mixer. This means you can still gather some information from the mix given enough analysis. It's different compared to Monero where you cannot tell which of the possible inputs is the right one. The security is based on probability and cryptography instead of obfuscation. 3. Mo…
What about ordinary people who had money/bitcoins/other cryptocurrency on btc-e? What will happen with money in btc-e's wallets?
It sounds like the US just got control of the domain, not the server(s). Some reports that their other domain may still be up (btc-e.nz), but it just hangs for me.
Earlier quoted context omitted.
1. Monero's transactions are private by default. In Dash it's optional (and slower). 2. Dash is basically a coin join, working like a Bitcoin mixer. This means you can still gather some information from the mix given enough analysis. It's different compared to Monero where you cannot tell which of the possible inputs is the right one. The security is based on probability and cryptography instead of obfuscation. 3. Mo…
Any idea why Monero as such low usage traction?
1. There are no mobile wallets, multisig or hardware wallets. Now all of these are in the works and hopefully ready this year.
2. Very little effort has been spent on marketing compared to other coins (for example Dash). The biggest reason is that Monero is community funded and it's not possible to use a share of the developers share of coins, as there isn't one. This is compared to the marketing in Dash which has been fueled by the instamine. Focus has instead been placed on developing the fundamentals.
In fact it's a bit surprising that Monero has had the popularity it has. The official GUI was only released relatively recently and before then you were sort of forced to use the command line client.
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Very bizarre to state the obvious use cases, then nullify it with handwaving. The current cost to move $10m of bitcoin across international borders is about $1. Attempt the same via conventional means and you'll quickly realise it's benefits go beyond monetary efficiency. As for current working use cases Factom[0] stores an auditable timestamped data trail in a merkle tree structure, which is then anchored into the b…
And, yet, it cost me eight bucks to move a few hundred bucks from Coinbase BTC into USD. Also, are BTC transaction fees really that low ($1 for a 10m transaction)? I've been hearing complaints for a while now about how long it takes to process minimum fee transactions. I don't have any experience with it, as I haven't messed around with BTC in a few years, but, it's definitely part of the argument for the changes hap…
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It sounds like the US just got control of the domain, not the server(s). Some reports that their other domain may still be up (btc-e.nz), but it just hangs for me.
Would their IP still work then?
So, you could put "104.23.131.83 btc-e.com" in your /etc/hosts file and try it. I did that, but cloudflare times out.
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Laundering isn't about traceability. It's about taking money that's been gotten illegally (and thus you can't spend without the IRS asking questions) and paying tax on it so it appears as if you earned it by legitimate means. Making traceable money untraceable doesn't mean it's now clean.
It seems to be about both taxes and making yourself not traceable to a crime (or the latter is a side effect of the former, since making money appear legitimately earned will of course unlink it from any crimes as a side effect/prerequisite). Look at the definition here and tell me it doesn't sounds like a mixer: https://www.fincen.gov/history-anti-money-laundering-laws Similarly there can be unusually high tax (like…
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And, yet, it cost me eight bucks to move a few hundred bucks from Coinbase BTC into USD. Also, are BTC transaction fees really that low ($1 for a 10m transaction)? I've been hearing complaints for a while now about how long it takes to process minimum fee transactions. I don't have any experience with it, as I haven't messed around with BTC in a few years, but, it's definitely part of the argument for the changes hap…
Stop using coinbase then? They double your transaction fee and take half as revenue.
So, what other reputable exchange is there that works for BTC->USD and vice-versa and doesn't have ridiculous fees (I agree that Coinbase fees are outrageously high).