Monero: the secure, private, untraceable currency

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The original was posted on /r/monero by /u/Lumpy-Initiative-779 on 2024-10-05 23:20:33+00:00.

The State's Attack on Monero

By: MoneroMavrick, on X

Suppress Price as the darkweb ditches bitcoin for Monero

Slowly start to have exchanges one by one de list spread months apart as to not garner much if any attention besides monero community

Start to Silence anybody talking about Monero (Shadow-ban, Perma ban)

Once De-Listed on everything making sure people cant do a mass exodus from the public bank accounts they've been using. Ban it and make it illegal

Release CBDC

Retain control knowing that the crypto that shall not be named was not used as an escape from the control of the state

Profit

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The original was posted on /r/monero by /u/vicanonymous on 2024-10-05 15:20:49+00:00.

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The original was posted on /r/monero by /u/RINOwallet on 2024-10-05 09:21:47+00:00.

Hello everyone,

It is with a heavy heart that we announce the upcoming winding-down of RINO.

A few years ago we realised Monero was missing critical bits of professional tooling for teams, be it companies, NGOs or fluid groups of individuals. One missing tool we identified was a wallet software that allows multiple users to deal with shared funds in a secure way. Professional principles such as splitting roles among transaction preparers and approvers, hierarchical transaction limits within an organisation etc were not just available for every other large blockchain project, they are the de-facto standard used in the industry.

And so we embarked on a mission to offer similar tooling for Monero, aiming to boost its adoption by the industry at large. This was and remains a worthy and exciting goal, especially as the Monero project is too often delisted or unsupported, often out of regulatory concerns but also because the usual tools expected by the industry are still largely absent.

While we attempted to monetize the platform via paying businesses, we’ve also always offered a free version of RINO so the community benefit from its features. It was not just the main RINO wallet product: many of you will remember using our “community tools” over the years, such as nodes, explorers, faucets, docker images etc. We are very proud of this and grateful to all community members for the nice words over the years.

Ultimately though, our attempts to monetize the product never bore fruit to a point where the product could sustain itself, and at some point we have to cut our losses. As a consequence, we decided to discontinue the RINO product.

We will shut down the platform on October 31st, 2024. If you want to withdraw your funds via the RINO platform, please do so until that date. After that date, you will have to use your recovery document, allowing you to access your funds locally.

Long live Monero, and a big thank you to everyone who supported us. We hope to build more cool things with Monero in the future :)

The RINO team

PS: Note that there is a known bug affecting wallets that haven’t been accessed for a long time, due to a synchronisation issue. If you connect for the first time since many months, it is possible your wallet will hang when attempting to send a transaction. If it is the case, just wait ~1h (your wallet will automatically resync on our servers), after which it will be fully functional. This only affects old wallets not accessed for a while, and will only affect them once.

PPS: Unfortunately there is no “sweep” feature on RINO. If you want to empty your wallet via the RINO platform it is possible some picoxmr dust remains on your wallet if you do not take exactly into account the transaction fees. Use your recovery document if you want to access remaining dust.

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The original was posted on /r/monero by /u/Lumpy-Initiative-779 on 2024-10-04 19:59:35+00:00.

Feds throw in the towel admitting that Monero is untraceable

Forces exchanges to delist

People sell

???

The govement has admitted that it’s truly private and you fucking sell it? FOR WHAT

a public bank account?

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The original was posted on /r/monero by /u/perfectedinterests on 2024-10-04 17:01:35+00:00.

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The original was posted on /r/monero by /u/Lumpy-Initiative-779 on 2024-10-04 15:44:28+00:00.

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The original was posted on /r/monero by /u/unsanctionedf on 2024-10-03 21:20:59+00:00.

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The original was posted on /r/monero by /u/sk420_ on 2024-10-04 04:53:15+00:00.

So there's that thread posted here that yet again trynna shill the use of centralized pool, was happey to see that top voted comment there was instead recommending P2Pool, which reminded me of a post I came across which is a good reminder or why P2Pool actual matters

My believes (and I could be wrong) is that 2008 - 2011 satoshi was a shared acc between Hal Finney and Adam Back

Rest In Peace Hal... good dude, very sadly passed away on August 28, 2014, 4 months after monero's launch (XMR genesis block at timestamp: 2014-04-18 10:49:53 UTC) and I think he would have been proud of what the project became after those years ...

That, before his passing, he gave away the bitcoins he got under his real identity to his family and gave away the satoshi identity to Adam Back (that the voices in my head likes to refer as "Dark Satoshi")

So my believes is that the 2015 mailing list message as satoshi came from Adam

Some more background..

Original satoshi was a big blocker wanting to compete with Visa/PayPal/MasterCard straight from bitcoin's layer 1

While Adam Back was a small blocker wanting to create layer 2 solutions to bitcoin which he became a sellout and created blockstream in 2014 to hijack bitcoin's development under his corporate interest rather than being a community project, he effectively ruined bitcoin from the inside

So him "declaring bitcoin a failed project" because of someone's influence on a fork is peak irony as blockstream pretty much did even worse the following years

Couple other things wanted to point out from Dark Satoshi 2015 mailing list message:

(full message at: )

However I acknowledge that a lot has changed since that time, and new knowledge has been gained that contradicts some of my early opinions. For example I didn't anticipate pooled mining and its effects on the security of the network

P2Pool would have solved that which existed for bitcoin but unfortunately never got the adoption it deserved...

Past couple years ago an implementation of P2Pool was adapted to monero and grew quite nicely

I suspect we need a better incentive for users to run nodes instead of relying solely on altruism.

wownero is forcing "solo-mining only" directly from the protocol which is great since it's back to the original design of bitcoin "everyone is a node" (would be way too controversial for today's bitcoin tho)

while for monero, P2Pool helps on that end (which is less extreme than just straight up forcing solo-mining)

alongside with educating people on how to properly use cryptocoins through self-custody of their funds and running their own node

Which on that latter point is a lost cause to do with bitcoiners nowadays due to the switch over "moonlambo wallstreet massadoption number go up laser eyes to the moon non-tech savvy getting rich quick not gonna learn about bitcoin's tech" widespread mentality

For context on how bad it got:

• bitcoin: 19k active nodes
• monero: 13k active nodes (was at 11k almost 2 years ago)
• ethereum: 5k active nodes (was at 11k almost 2 years ago)

(numbers may vary as they are per few weeks ago)

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The original was posted on /r/monero by /u/IcyEstablishment261 on 2024-10-04 03:06:20+00:00.

"To tackle privacy shortcomings with ring signatures, there is a consensus protocol update planned for Monero called FCMP++, which allows for an "anonymity set" of the entire chain. This protocol leverages a primitive for set membership called Curve Trees. Curve Trees allows one to efficiently prove that a "rerandomized" curve point exists in some set without revealing the element. In Monero, this set is defined as all "spendable" (i.e. unlocked and valid) transaction outputs on-chain. This randomization transformation is similar to "blinding" coin amounts in Pederson Commitments, and as a side effect, transaction output public keys themselves can be rerandomized on-chain. This fact opens the door for addressing protocols to add long-desired features, namely forward secrecy and outgoing view keys."

Idk most of this jargon

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The original was posted on /r/monero by /u/dMartian-official on 2024-10-03 23:47:07+00:00.

There's many political offices. I think lower level is better for influence and effectiveness and less selling out. Less awful.

What I'm here to try to figure out is how much support would I get? I know this isn't a perfect indicator. Everything is with salt.

I promise I won't make things in life worse. I will make things better for monero.

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The original was posted on /r/monero by /u/Germonero on 2024-10-03 21:50:08+00:00.

Hello Monero Community,

I am a passionate software developer with a strong focus on privacy and decentralization. Given the current challenges facing Monero, I want to create a decentralized P2P trading platform with your help, providing a secure, anonymous, and user-friendly trading experience for Monero users worldwide.

What makes this platform special?

• User-Friendly Interface: We are committed to developing an intuitive and easy-to-use interface that allows anyone to trade Monero effortlessly. The platform will feature a clean design with straightforward navigation and helpful tooltips to guide users through the trading process.
• Decentralized Architecture: By leveraging distributed ledger technology, the platform will operate without a central authority, reducing the risk of censorship and single points of failure. This ensures that the platform remains resilient and accessible, even in restrictive environments.
• Enhanced Privacy and Anonymity: Utilizing the Onion network (Tor) for access, the platform will provide an additional layer of privacy, masking user IP addresses and ensuring that transactions cannot be easily traced. Combined with Monero's inherent privacy features like RingCT and stealth addresses, users can trade with confidence that their financial activities remain private.
• Smart Contracts for Secure Trading: The platform will implement smart contracts to automate and secure trades, ensuring that both parties fulfill their obligations before funds are released. This reduces the need for intermediaries and enhances trust between users.
• Open-Source and Transparent: All platform code will be open-source, allowing the community to review, contribute, and audit for security vulnerabilities. This transparency fosters trust and encourages collaborative development.
• Community Governance: The platform will incorporate decentralized governance mechanisms, enabling users to participate in decision-making processes. This could include voting on new features, updates, or changes to platform policies, ensuring that the community's voice is heard and valued.

How can you be part of the project?

1. Development: Help us in coding and designing the platform. We're looking for developers skilled in blockchain technology, front-end design, and security protocols.
2. Testing: Participate in our alpha and beta tests to help optimize the platform. Your feedback will be crucial in identifying bugs and improving the user experience.
3. Security: Assist in developing and reviewing our security protocols. We need experts in cryptography and network security to ensure the platform is robust against attacks.
4. Community Building: Contribute to building a strong and engaged community. Help us spread the word, gather feedback, and foster an inclusive environment for all Monero enthusiasts.

Let’s create a platform together that not only ensures security and anonymity but also reflects Monero's values and is easy to use. If you’re interested, please comment here or send me a message to learn more and get involved.

I am looking forward to collaborating with you and hearing your support and ideas!

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The original was posted on /r/monero by /u/CryptiSwap on 2024-10-03 12:05:45+00:00.

When withdrawing 1 big amount, after waiting for the funds to become spendable, I can only make 1 XMR transaction and then I have to wait for the funds to become spendable again. I know that if I send multiple smaller amounts, this solves this issue, but sometimes it's annoying making several small withdrawals on an exchange because it takes a long time having to do 2FA for each small withdrawal. A withdrawal of 100 XMR split up into 20 separate withdrawals can take a long time.

Is there a wallet that splits up a large amount of XMR into smaller transactions going to the same destination?

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The original was posted on /r/monero by /u/IcyEstablishment261 on 2024-09-30 19:10:20+00:00.

The IRS obviously doesn't like it, but how big does this go? Are companies like BlackRock, Vanguard, etc. trying to suppress this? Does the UN care about Monero for example? How big or small is this conspiracy?

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The original was posted on /r/monero by /u/Lumpy-Initiative-779 on 2024-10-03 17:01:51+00:00.

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The original was posted on /r/monero by /u/MoneroFox on 2024-10-03 15:49:37+00:00.

1. Blockchain analysis companies (like Chainalysis)

It is almost impossible track Monero transactions or extract something useful from Monero blockchain. Analysis does not give clear answers to the asked questions. If Monero (an its ideas) fully succeeds, then these companies can close their business - because no one will pay for their (incomplete) services.

2. ASIC manufacturers and miners

RandomX confirms, that it is powerful idea. If this idea succeeds, what will ASIC miners do with all that useless hardware? Every ordinary person with computer can mine Monero. Specialized mines and factories can be closed.

3. State institutions (tax offices, police, ...)

It is difficult to track (or control) Monero movements (... so easier tax avoidance, hiding property from seizure, DNM usability, ... ). In contrast - transparent blockchains (like BTC) are fine - everything is obvious and clear

4. Crypto market manipulators

Now they can see how many wallets there are and how long they are holding their transparent coins. Also they can see where people are sending (holding) their coins (wallets, exchanges, defi ...). They see what miners are doing with their fresh coins. They can react fast, when Satoshi is sending his Bitcoins to an exchange. How will they control the market, when Monero succeeds and how will they earn their money without these information?

5. Crypto fans of transparent coins (like BTC)

For the usual reasons and ... "Decent person has nothing to hide."

6. ... ?

Exchanges, on the other hand, are in love with Monero (see my recent post).

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The original was posted on /r/monero by /u/Nervous-Resource-791 on 2024-10-02 16:59:50+00:00.

SPECIAL SALE: As Monero is delisted from Kraken (for the EU),

Simplified Privacy jumps into the fray, to buy XMR, by selling discounted hardware & services

We’re offering $10 off your Phone or VPS combo purchase, to offer stability to the market and defy oppression.

First, if new exchanges aren't listing it, then basic logic would tell us that there's only so many times they can delist XMR to cause a price-propaganda event, and eventually the bad news is priced in. So just hold and ignore it for a week.

And the Kraken insiders sold prior to the announcement, that’s why XMR fell more than other coins in the general market. So if you sell now, you’re essentially letting them urinate on your wallet and manipulate your emotions.

Second, to prove my first point, if you don't want to hold your XMR, I will accept it right now today for a Phone or Email setups at a discount. You want to get rid of it? Come on down, and get a completely off-the-radar DeGoogled Pixel or an awesome VPS setup to be self-sovereign with all your communications (email, xmpp, docs, ect)

The invasion of your privacy is only first beginning, if you do nothing and sit by, it’s only getting worse. Stop just liking memes and complaining, and start taking action.

I’m here to hold your hand through the process,

Email, XMPP, Cryptpad:

DeGoogled Phones:

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The original was posted on /r/monero by /u/kwadoss on 2024-10-02 06:39:44+00:00.

Hi,

Does anyone have any idea about Seraphis development stage, is there any estimated release date?

Have a great day!

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The original was posted on /r/monero by /u/siddharta0 on 2024-10-01 06:58:45+00:00.

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The original was posted on /r/monero by /u/MoneroFox on 2024-10-01 16:15:53+00:00.

Kraken continuously reviews listed tokens to determine the impact from regulatory changes on our offerings.

As one of the world’s largest cryptocurrency platforms, we are constantly working to support the most comprehensive set of digital assets possible in alignment with applicable regulatory and compliance obligations.

After thorough consideration, and exploration of all viable alternatives, we concluded we have no choice but to delist Monero (XMR) in the European Economic Area (EEA) due to regulatory changes.

We did not take this decision lightly and remain committed to providing our European clients with an exceptional trading experience.

On October 31st 2024 at 15:00 PM UTC, we will halt trading and deposits of all XMR markets (XMR/USD, XMR/EUR, XMR/BTC, XMR/USDT) for clients registered in the EEA. Any open XMR orders will also be automatically closed at this time.

Note: Clients will remain able to withdraw XMR on Kraken until December 31st, 2024.

December 31st 2024 at 15:00 PM UTC is the deadline for withdrawing XMR. Any clients still holding an XMR balance after this date will have their XMR automatically converted to BTC by Kraken at the going market rate.

EDIT: Confirmation that Chainalysis knows nothing.

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The original was posted on /r/monero by /u/niklaswik on 2024-10-01 16:08:47+00:00.

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The original was posted on /r/monero by /u/Germonero on 2024-10-01 15:53:30+00:00.

Hello everyone,

I just wanted to warn you about a phishing site that looks similar to LocalMonero. I got an invitation for their group on a specific messenger. It almost looks like LocalMonero.co and claims to offer the possibility to import old LocalMonero Feedback etc. It is not even https encrypted though. Also, at some points it is just copied pretty badly from old LocalMonero. Anyway, stay away from that site if you should ever get an invitation or anything.

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The original was posted on /r/monero by /u/Lumpy-Initiative-779 on 2024-09-30 17:55:31+00:00.

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The original was posted on /r/monero by /u/ScienceTraining9052 on 2024-09-29 23:37:02+00:00.

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The original was posted on /r/monero by /u/gr8ful4 on 2024-09-26 09:17:06+00:00.

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The original was posted on /r/monero by /u/Ok_Measurement_2466 on 2024-09-25 21:42:29+00:00.

I can find very little information regarding this exploit or how to protect against it. The internet says running your own node with a VPN isn't enough. Can anyone explain this attack to me like I was a 3 year old and how it may impact the future of the coin? Does anyone have a reason to believe Monero has a future? I have been holding Monero for a while, but the speculation I find online is making me worried and thinking about selling

Thank you all!