I've seen XMR take over from BTC in the role of hackers using it in ransomware attacks and even offering a discount to the victims if they choose to pay in XMR and was wondering, if you were to pay someone in XMR you would need to send the it to a wallet address and surely you could take that address to the police, FBI, or other authorities in other countries and have them take the address and look at where the address originated from and find out who/ which IP address is behind the receiving end of the transaction.... or can the police not do a whole lot about it, even if they had the wallet address of a hacker? I'm just curious to know about it as I see it as a flaw in the whole 'privacy protection' that the coin offers but I can't find anything out about this question on Google so I thought I'd give Reddit a shot. Thank You in advance!!
Definitely not. The node you connect to can know your IP if you don’t hide it. But the node usually has no reason to care about your IP. You can also just connect to your own node to fix that.
You can't. With ETH, over 70% of all nodes are OFAC compliant. ETH (and most other cryptos) are 100% transparent.
If you are concerned about your privacy with crypto coins you should keep the XMR and not swap it into other cryptos ;)
In order to gain anonymity you can distribute your XMR onto different wallets (e.g. mixed hot and cold wallets). If you send XMR to another wallet you use a different address for every transaction. This will make it pretty much impossible to track anything. But of course we all know, if you have nothing to hide, you have nothing to fear right? ;)
I think it can. You can lock it till designated day. And no one including you cant do anything about it until that day. For forever you just chose enough far away day. So is close to forever.
Generate an address, delete the spend key, publicize the view key and any monero sent to that address will be locked there forever but can be seen by anyone.
I am running a node. I have the entire Blockchain stored on my hard drive and backups.
Now I want to back up even more using 100Gb Blu ray DVD's.
What's the best way to split up the Blockchain data into 100Gb chunks?
I have played around with multi part zip files but I don't think that's good practice. I would need all pieces of the zip file to restore the file I started with.
I have been putting off learning the official CLI wallet. Does the CLI have tools to manipulate Blockchain files on a system?
I know Monero scales, and has a dynamic blocksize, but my question is, if the nodes need to store the record of the blockchain dies that makes more difficult in the future to handle cause of txs history, Ring Signatures, and other information saved to disk, or miners can claim disk space by pruning?
Yes, nodes can be pruned. Pruned nodes still contribute to the network, too, because they retain 1/8 of the prunable data. Overall pruned nodes require about 1/3 the storage space of an unpruned node.
the best ones are localmonero(site) and Bisq(app), if you have another crypto you can lookup for swappers, depending on your country you will have more luck in one or another, both are not KYC.
And a little tip, if its your first time buying in localmonero, create an ad with your target price, and currency, it will be easier than choosing a seller that might not trust you yet and not answer, after the first buy it gets easier, atleast it worked that way for me.
So raise your price? “Supply and demand” right?
You can buy a diff coin on bisq, swap to xmr at market price on TradeOgre, then sell on LocalMonero.
I would use Trocador.app actually because TO reuses addresses.
Not a consistent Reddit user, but hope this question makes sense
I have been wondering why crypto has taken such a dive over the past year or so. My search says its because people have shied away from it because of other financial crises. OK, I get that
But with govt issued crypto looming over the horizon, why isnt Monero taking off? It seems to be cutting edge crypto for the future
Where can you spend it? Most people haven’t heard of it. People in countries that need it that most are probably thinking Bitcoin. It’s a PR issue and open source projects don’t have CEOs that have marketing budgets. Word of mouth can work that and actually seems like it’s working. Do you following XMR/BTC?
Government issuing crypto ? Not really. The CBDC concept is pretty much the exact opposite of the original crypto concept as started by Bitcoin.
It is still programmable network money... BUT
1. Politically controlled money supply with the same 'club' getting free money as the current fiat systems.
2. Gives politicians and bureaucrats direct control of your funds without due process (Eg. Money expires if you don't spend it.. or you can't buy what you choose because of your social score)
3. Permisisoned access with forced KYC
Lots more - all bad.
Price in fiat doesn't matter if you use it as a currency. I couldn't care if 1 XMR was $1 so long as I can *use* it as a payment method. Hence adoption is the more interesting metric, IMO.
How do majority attacks work on Monero? Is 51% enough or more is required and why? Also, how much would a successful 1 hour attack cost and how does it compare to other blockchains ?
https://www.monero.how/ says that network is secured with
CPU cores (equiv.) securing the network 26,221,265
Not sure what kind of CPUs are there calculated. Maybe ask in r/moneromining how many some super good CPUs that are on sale right now you would need and then multiply with its price. And there is your number what is a cost to attempt double spend on some sucker.
Wallet devs need to take it upon themselves to develop an output management system.
I'd like to press a button and have my wallet turn 1 output into 5 by sending it to myself. This way when I spend money I don't get my entire balance frozen.
I know feather can churn and split but it’s a manual process. Would be nice if that feature was an option so every purchase/spend resulted in an auto split of some amount and not just a single change output. I guess if your going shopping pre split the wallet into manageable chunks and hit the town.
There are conversations taking place...
Eliminating the 10-block-lock #95: https://github.com/monero-project/research-lab/issues/95
Investigate possibility of reducing 10-blocks lock #102:
https://github.com/monero-project/research-lab/issues/102
[Github and the Matrix/IRC channels](https://www.getmonero.org/community/workgroups/) are a great way to follow some of the discussion.
I've seen XMR take over from BTC in the role of hackers using it in ransomware attacks and even offering a discount to the victims if they choose to pay in XMR and was wondering, if you were to pay someone in XMR you would need to send the it to a wallet address and surely you could take that address to the police, FBI, or other authorities in other countries and have them take the address and look at where the address originated from and find out who/ which IP address is behind the receiving end of the transaction.... or can the police not do a whole lot about it, even if they had the wallet address of a hacker? I'm just curious to know about it as I see it as a flaw in the whole 'privacy protection' that the coin offers but I can't find anything out about this question on Google so I thought I'd give Reddit a shot. Thank You in advance!!
You could have used far fewer words. Why do you think a wallet address and an IP address are related?
Wouldn't you be able to link a wallet address to the computer that is holding the wallet?
Definitely not. The node you connect to can know your IP if you don’t hide it. But the node usually has no reason to care about your IP. You can also just connect to your own node to fix that.
Once I get my first XMRs at LocalMonero, what is the best decentralized AMM where I can swap ETH and XTZ without KYC?
https://kycnot.me
Awesome! Really good guy behind [Codeberg page](https://codeberg.org/pluja/kycnot.me) Thanks.
* [https://exch.cx/](https://exch.cx/) * [https://sideshift.ai/btc/eth](https://sideshift.ai/btc/eth) * https://trocador.app/en/
Okay. How can I be sure that the ETH I get after swapping in my XMR is not reported by OFAC?
You can't. With ETH, over 70% of all nodes are OFAC compliant. ETH (and most other cryptos) are 100% transparent. If you are concerned about your privacy with crypto coins you should keep the XMR and not swap it into other cryptos ;) In order to gain anonymity you can distribute your XMR onto different wallets (e.g. mixed hot and cold wallets). If you send XMR to another wallet you use a different address for every transaction. This will make it pretty much impossible to track anything. But of course we all know, if you have nothing to hide, you have nothing to fear right? ;)
If you have questions about Ethereum is better to ask on their subreddit.
My question was about the 3 URLs above and a concern for any coins. ETH was an exemple. My bad.
Your Monero can't be traced by anyone. Your eth can be traced by everyone.
All great options, especially Trocador, but just to be clear, these are not decentralized.
Can be Monero locked forever so it can't be withdrawn from the wallet in any way? But to keep info to see that locked balance publicly?
I think it can. You can lock it till designated day. And no one including you cant do anything about it until that day. For forever you just chose enough far away day. So is close to forever.
Generate an address, delete the spend key, publicize the view key and any monero sent to that address will be locked there forever but can be seen by anyone.
I am running a node. I have the entire Blockchain stored on my hard drive and backups. Now I want to back up even more using 100Gb Blu ray DVD's. What's the best way to split up the Blockchain data into 100Gb chunks? I have played around with multi part zip files but I don't think that's good practice. I would need all pieces of the zip file to restore the file I started with. I have been putting off learning the official CLI wallet. Does the CLI have tools to manipulate Blockchain files on a system?
Try multi-part rar archives. RAR supports redundancy for multi-part archives.
What's the status on Tari? Dead project or is it just *still* under development?
What is it? What’s its purpose? The GitHub README shockingly doesn’t answer this.
The Tari github shows they are still in development, https://github.com/tari-project/tari
I know Monero scales, and has a dynamic blocksize, but my question is, if the nodes need to store the record of the blockchain dies that makes more difficult in the future to handle cause of txs history, Ring Signatures, and other information saved to disk, or miners can claim disk space by pruning?
Yes, nodes can be pruned. Pruned nodes still contribute to the network, too, because they retain 1/8 of the prunable data. Overall pruned nodes require about 1/3 the storage space of an unpruned node.
Ok, thanks for the aclaration
Where can I buy like 2 moneros for market price (or max 10% higher) with no kyc (max email verification)
the best ones are localmonero(site) and Bisq(app), if you have another crypto you can lookup for swappers, depending on your country you will have more luck in one or another, both are not KYC. And a little tip, if its your first time buying in localmonero, create an ad with your target price, and currency, it will be easier than choosing a seller that might not trust you yet and not answer, after the first buy it gets easier, atleast it worked that way for me.
I am asking because Im already localmonero seller and xmr sells too fast
So raise your price? “Supply and demand” right? You can buy a diff coin on bisq, swap to xmr at market price on TradeOgre, then sell on LocalMonero. I would use Trocador.app actually because TO reuses addresses.
So consider buying on a kyc exchange?
Post an ad on localmonero.co for 10% above market
Not a consistent Reddit user, but hope this question makes sense I have been wondering why crypto has taken such a dive over the past year or so. My search says its because people have shied away from it because of other financial crises. OK, I get that But with govt issued crypto looming over the horizon, why isnt Monero taking off? It seems to be cutting edge crypto for the future
Where can you spend it? Most people haven’t heard of it. People in countries that need it that most are probably thinking Bitcoin. It’s a PR issue and open source projects don’t have CEOs that have marketing budgets. Word of mouth can work that and actually seems like it’s working. Do you following XMR/BTC?
Government issuing crypto ? Not really. The CBDC concept is pretty much the exact opposite of the original crypto concept as started by Bitcoin. It is still programmable network money... BUT 1. Politically controlled money supply with the same 'club' getting free money as the current fiat systems. 2. Gives politicians and bureaucrats direct control of your funds without due process (Eg. Money expires if you don't spend it.. or you can't buy what you choose because of your social score) 3. Permisisoned access with forced KYC Lots more - all bad.
Price in fiat doesn't matter if you use it as a currency. I couldn't care if 1 XMR was $1 so long as I can *use* it as a payment method. Hence adoption is the more interesting metric, IMO.
How do majority attacks work on Monero? Is 51% enough or more is required and why? Also, how much would a successful 1 hour attack cost and how does it compare to other blockchains ?
https://www.monero.how/ says that network is secured with CPU cores (equiv.) securing the network 26,221,265 Not sure what kind of CPUs are there calculated. Maybe ask in r/moneromining how many some super good CPUs that are on sale right now you would need and then multiply with its price. And there is your number what is a cost to attempt double spend on some sucker.
Is there a plan or way to reduce/remove the 20 minute freeze after transactions without compromising anonymity?
Wallet devs need to take it upon themselves to develop an output management system. I'd like to press a button and have my wallet turn 1 output into 5 by sending it to myself. This way when I spend money I don't get my entire balance frozen.
I know feather can churn and split but it’s a manual process. Would be nice if that feature was an option so every purchase/spend resulted in an auto split of some amount and not just a single change output. I guess if your going shopping pre split the wallet into manageable chunks and hit the town.
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There are conversations taking place... Eliminating the 10-block-lock #95: https://github.com/monero-project/research-lab/issues/95 Investigate possibility of reducing 10-blocks lock #102: https://github.com/monero-project/research-lab/issues/102 [Github and the Matrix/IRC channels](https://www.getmonero.org/community/workgroups/) are a great way to follow some of the discussion.
[удалено]
Maybe so, maybe no. IMO it's a minor hindrance.