What is Monero (XMR)? submitted by
Monero is a secure, private, untraceable (crypto-)currency. It is open-source and freely available to all. Don't believe us? Click here.
Monero is a tool that people can actually use. It makes receiving payments hassle-free, since merchants and individuals no longer need to fear the source of funds they are accepting
. With transparent systems like Bitcoin, Ethereum, Verge, or Dash, these people need to hope (or spend substantial resources verifying) the sender did not use the funds illicitly. Furthermore, merchants do not want all their vendors known, and individually do not want everyone to know how much they are spending. If I spend more than I should at Newegg (store), that's my own business.
Monero is different because every transaction
is always private
. There is no way for pools and exchanges to opt out of sending private transactions. Thus, Monero's anonymity set far exceeds any other coin's anonymity set. Over 86,000 transactions in the past month of August, 2017
hid the sender and receiver, and about 99.95% of them also hid the amount (will increase to 100% of all
new transactions in September)! There is no suspicion in using a private transaction, since all transactions are private. A single transaction does not stick out.*
This privacy is afforded with the best technology
. I implore you to take a few minutes to learn about the four main technologies that Monero uses to provide privacy:
- Ring signatures hide where the money comes from. Spent inputs in a transaction are hidden among several others that also appear to be spent. Thus, no one knows which source of money is actually being spent. Think of inputs as individual dollars or euros. View a video about this topic here. Note: this is NOT the same as mixing.
- RingCT hides the amount. Instead of spending a known value of an input, you can cryptographically commit to a certain value without revealing what the value actually is. This is a very complicated topic, so please view this video for more information.
- Kovri is a work-in-progress tool to hide the transaction broadcast. Kovri will make it easy for users to hide their IP address when telling the network that they would like to make a transaction. Kovri will work with other cryptocurrencies and other projects through a common API, and Kovri can be used in a way to hide that you are using Monero at all. Kovri adds additional layers of network security for miners and pools, and it allows for the highest level of censorship resistance possible. A video for this project is available, and you can also check out the Kovri website. In the meantime, there are several guides to using Monero with Tor that work today, including an unofficial Tails build.
- Stealth addresses hide where the money goes to. Instead of sending money to a specific address directly, certain outputs are allocated for addresses, but outside observers do not know which addresses these belong to. Even if ring signatures were compromised for some reason, then people would still not know the sending address in a transaction thanks to stealth addresses. View a video about this topic here.
There are several other things that make Monero great! It has a smooth tail emission, dynamic blocks and fees, and an accessible Proof of Work (mining) algorithm.
*You can optionally choose a very large, unusual ringsize to make the transaction stick out. This is not recommended, and normal users who leave the ringsize at the default setting will not experience any issues. Also, it's possible for a user to manually add identifying information to the tx_extra field, which is something that a user must seriously go out of their way to do. Now you know Monero (XMR) has the best technology. What else makes Monero (XMR) different than other cryptocurrencies?
- Fungible: Every Monero remains equal and identical to any other Monero. It is the property of a crypto asset whose units/value are capable of mutual substitution no matter what historical transactions occurred in the past.
- Value-Growth: Monero has a proven chart record of growth and will continue to grow. Don't believe us? August 2015: $0.45, August 2016: $12, August 2017: $100. Growing really fast right? The difference is that it is growing because it's being used appropriately for it's technology and the demand keeps increasing. Swiss banks and offshores management organizations are starting to move from physical assets to Monero (XMR). Monero is dedicated to continue growing.
- Development-Growth: Monero has the best team. Over 270 contributors have brought Monero to where it is today. The vast majority of people donate their time to help Monero, but a few get paid through the Forum Funding System (FFS). This is how Monero can be a strong project despite not taking a portion of the block rewards or launching with a premine.
P.S. Want a quick-start, simple your-grandma-could-do-it guide? Here's a great one! Am I a bad person to consider using this?
No, Monero is freedom money. You can do whatever you want with it, whenever you want, where ever you want. We make it clear that you should own your wealth 100%. What you do with it, is none of our concern. Where does the word Monero come from?
The word Monero comes from the language Esperanto. Monero means coin oand currency. The plural way of saying Monero in Esperanto and in our cryptocurrency is Moneroj.
How do I store Monero? Monero Core Monero Core GUI
(If you don't know how to use it, click here for instructions and tutorial
) Monero Web-Wallet Offline Wallet Generator
Is there a lightweight wallet for Monero?
Not yet, but you can use the official GUI with a remote node.
Are there any other ways to store Monero (XMR)?
Yes, there are many mobile wallets out there that allow you to store Monero (XMR). We do not
recommend them, because they are not official releases of Monero. If you do decide to use other wallets, please make sure to do your research first before storing any Moneroj in the wallet. Anything used for Monero outside of official releases, will be used at your own risk. Some may be used for scamming purposes. If you still decide to take the risk; do not use them for large amounts. Also keep in mind that there is a high chance that Monero support will not be able to help you if you bump into any problems from applications outside of official releases. Why should you not use non-official wallets? Well would you buy a house and give your only key you have to the buildemanagement and wait for him/her to open the door to the house you supposedly own? No. Same goes with cryptocurrencies. You should always have possession of your private keys, and your Moneroj. Most non-official releases own your private keys, therefore you do not own the Moneroj.
How do I buy Monero (XMR) with fiat? Kraken Bitfinex Monero For Cash Local Monero Other Options
Which exchanges support Monero (XMR)? Poloniex Bithumb Kraken Bitfinex Bittrex Bitsquare ShapeShift Livecoin BTER
How do I setup a offline cold paper wallet? Step-by-step guide for cold storage and offline transaction signing with optimal security Guide For Securely Generating An Offline Cold Paper Wallet USB Monero Cold Wallet Guide
Is there a Chinese translation so I can understand Monero? 是否有中文翻译，以便我能理解Monero？ Monero (XMR) Chinese Translation
Can I buy Monero (XMR) with CNY? 我可以用人民币买Monero吗？ BTER
*Can I buy Monero (XMR) with KRW? Bithumb
Where can I find a good mining pool? Monero Pools
What miner should I use? CPU: XMR-Stak (Windows-Linux) CpuMiner by tpruvot (Windows, Linux) CpuMiner By Wolf xmr-stak (MacOS) cpuminer(MacOS) By correcthorse GPU: XMR-stak (AMD) Ccminer (nVidia) by KlausT, psychocrypt, and fireice-uk Claymore's CryptoNote GPU Miner (AMD)
If you are a Windows user, click here.
Can I use a proxy for mining?
You can use XMR Proxy
. If you want to monitor your rigs you can use Monero Mining Monitor
How can I setup a local wallet while running node with little bandwidth?
You can use GUI, as a remote node as it uses very little bandwidth. Go to settings tab and change: "localhost:18089"
. If you are still having problems, then just use our Monero Web-Wallet
Can I run Monero through Tor or I2P? Guide to use Monero with Tor correctly Monero Safety Through Tor Monero I2P
My vendor only accepts bitcoin but I only have Monero, and I know bitcoin is not private/anonymous. What should I do?
, but you should also educate them about bitcoins lack of privacy. Tell them to visit this post.
How long does it take to sync to the blockchain?
It can take from a few hours (using SSD drive) or even 24 hours, depending on hard drive and connection speed.
How do I generate a QR-code for a Monero address? How to generate a QR code for a Monero address Moneroqrcode.com for a personalized code Guide to check balance
List of scams:
(Always do a background check / research for anything outside of official releases.)
- Freewallet (Mobile Wallet App)
Did you know over 50 high profile artists accept Monero on their online stores?
Check out Project Coral Reef
Are there any other sub-reddits that specialize in certain parts of Monero or just related to Monero?
Yes, there are a few. However, please keep in mind that this sub-reddit (/Monero
) is the official Monero sub-reddit. /xmrtrader
- Trading, and investing related discussions & inquires. /MoneroMining
- Mining related discussions & inquires. /MoneroCommunity
for those who want to help grow the community. /moonero
for shitposts and memes. /MoneroMarket
for buying and selling wares for Monero. /MoneroSupport
for, you guessed it, Monero support. Want to get involved? Click here for a list of sources.
How can I participate in the Monero community?
We welcome everyone to join us and help out. Check the "Community Info" section on our subreddit for our website, forum, stack exchange, github, twitter, and facebook. Anyway, we hope you stick around beyond the hype. Monero has a lot going for it, and we hope you agree! We really need your help, since this project is entirely driven by the community!
Nun vi spertis liberecon.
Note: you can read this on GitHub (link), Medium (link) or old Reddit (link). submitted by
Final version 1.3.0 of the core software was released bringing all the enhancements reported last month
to the rest of the community. The groundwork for SPV (simplified payment verification) is complete, another reduction of fees is being deployed, and performance stepped up once again with a 50% reduction in startup time, 20% increased sync speed and more than 3x faster peer delivery of block headers (a key update for SPV). Decrediton's integrations of SPV and Politeia are open for testing by experienced users. Read the full release notes and get the downloads on GitHub
. As always, don't forget to verify signatures. dcrd
: completed several steps towards multipeer downloads
introduction to the software in the main README
, continued porting cleanups and refactoring from upstream btcd
Currently in review are initial release
of smart fee estimator
and a change to UTXO set semantics
. The latter is a large and important change that provides simpler handling, and resolves various issues with the previous approach. A lot of testing and careful review is needed so help is welcome.
Educational series for new Decred developers by @matheusd added two episodes: 02 Simnet Setup
shows how to automate simnet management with tmux and 03 Miner Reward Invalidation
explains block validity rules.
Finally, a pull request template
with a list of checks was added to help guide the contributors to dcrd. dcrwallet
: bugfixes and RPC improvements to support desktop and mobile wallets.
Developers are welcome to comment on this idea
to derive stakepool keys from the HD wallet seed. This would eliminate the need to backup and restore redeem scripts, thus greatly improving wallet UX. (missed in July issue
: bugfixes, refactoring to make the sync process more robust, new loading animations
, design polishing. Politeia
: multiple improvements
to the CLI client (security conscious users with more funds at risk might prefer CLI) and security hardening. A feature
to deprecate or timeout proposals was identified as necessary for initial release and the work started. A privacy enhancement
to not leak metadata of ticket holders was merged
: update from @collins: "Second test release for dcrandroid is out. Major bugs have been fixed since last test. Latest code from SPV sync has been integrated. Once again, bug reports are welcome and issues can be opened on GitHub
". Ask in #dev room for the APK to join testing.
A new security page was added that allows one to validate addresses and to sign/verify messages, similar to Decrediton's Security Center. Work on translations is beginning.
Overall the app is quite stable and accepting more testers. Next milestone is getting the test app on the app store. iOS
: the app started accepting testers last week. @macsleven: "the test version of Decred Wallet for iOS is available, we have a link for installing the app but the builds currently require your UDID. Contact either @macsleven or @raedah with your UDID if you would like to help test.".
Nearest goal is to make the app crash free.
Both mobile apps received new design themes. dcrdata
: v3.0 was released for mainnet! Highlights: charts
, "merged debits" view, agendas
page, Insight API support, side chain tracking, Go 1.11 support with module builds, numerous backend improvements. Full release notes here
. This release featured 9 contributors
and development lead @chappjc noted
: "This collaboration with @raedahgroup on our own block explorer and web API for @decredproject has been super productive.".
Up next is supporting dynamic page widths site wide and deploying new visual blocks home page
Trezor: proof of concept implementation for Trezor Model T firmware is in the works
(previous work was for Model One). Ticket splitting
: updated to use Go modules and added simnet support, several fixes. docs
: beginner's guide overhaul
, multiple fixes and cleanups. decred.org
: added 3rd party wallets, removed inactive PoW pools and removed web wallet.
@Richard-Red is building a curated list
of Decred-related GitHub repositories.
Welcome to new people contributing for the first time: @klebe, @s_ben, @victorguedes, and PrimeDominus!
Dev activity stats for September: 219 active PRs, 197 commits, 28.7k added and 18.8k deleted lines spread across 6 repositories. Contributions came from 4-10 developers per repository. (chart
Hashrate: started and ended the month around 75 PH/s, hitting a low of 60.5 and a new high of 110 PH/s. BeePool is again the leader with their share varying between 23-54%, followed by F2Pool 13-30%, Coinmine 4-6% and Luxor 3-5%. As in previous months, there were multiple spikes of unidentified hashrate.
Staking: 30-day average ticket price is 98 DCR (+2.4). The price varied between 95.7 and 101.9 DCR. Locked DCR amount was 3.86-3.96 million DCR, or 45.7-46.5% of the supply.
Nodes: there are 201 public listening nodes and 325 normal nodes per dcred.eu
. Version distribution: 5% are v1.4.0(pre) dev builds (+3%), 30% on v1.3.0 (+25%), 42% on v1.2.0 (-20%), 15% on v1.1.2 (-7%), 6% on v1.1.0. More than 76% of nodes run v1.2.0 and higher and therefore support client filters. Data as of Oct 1.
Obelisk posted two updates on their mailing list
. 70% of Batch 1 units are shipped, an extensive user guide
is available, Obelisk Scanner application was released that allows one to automatically update firmware
. First firmware update was released and bumped SC1 hashrate by 10-20%, added new pools and fixed multiple bugs. Next update will focus on DCR1. It is worth a special mention that the firmware source code is now open
! Let us hope more manufacturers will follow this example.
A few details about Whatsminer surfaced
this month. The manufacturer is MicroBT, also known as Bitwei and commonly misspelled as Bitewei. Pangolinminer
is a reseller, and the model name is Whatsminer D1
Bitmain has finally entered
Decred ASIC space with their Antminer DR3
. Hash rate is 7.8 TH/s while pulling 1410 W, at the price of $673. These specs mean it has the best GH/W and GH/USD of currently sold miners until the Whatsminer or others come out, although its GH/USD of 11.6 already competes with Whatsminer's 10.5. Discussed on Reddit
, unboxing video here
Meet our 17th voting service provider: decredvoting.com
. It is operated by @david
, has 2% fee and supports ticket splitting
. Reddit thread is here
For a historical note, the first VSP to support ticket splitting was decredbrasil.com
@matheusd started tests on testnet several months ago. I contacted him so we could integrate with the pool in June this year. We set up the machine in July and bought the first split ticket on mainnet, using the decredbrasil pool, on July 19. It was voted on July 30. After this first vote on mainnet, we opened the tests to selected users (with more technical background) on the pool. In August we opened the tests to everyone, and would call people who want to join to the #ticket_splitting channel, or to our own Slack (in Portuguese, so mostly Brazilian users). We have 28 split tickets already voted, and 16 are live. So little more than 40 split tickets total were bought on decredbrasil pool. (@girino in #pos-voting) KuCoin
DCBTC and DCETH pairs. To celebrate their anniversary they had a 99% trading fees discount
on DCR pairs for 2 weeks.
Three more wallets integrated Decred in September:
- Atomic desktop wallet added Decred in version 0.1.31. The team answered many questions on Reddit.
- AnyBit wallet added Decred. It features built-in price and news tracking. Notably, the source code is open for their Android and iOS wallets.
- Cobo added Decred support into their Android and iOS wallets.
Decred addition to their Android app that allows accountless swaps between 150+ assets.
informational asset pages
for top 50 coins by market cap, including Decred. First the pages started showing
in the Coinbase app for a small group of testers, and later the web price dashboard
The birth of a Brazilian girl was registered on the Decred blockchain using OriginalMy, a blockchain proof of authenticity services provider. Read the full story in Portuguese
and in English
Advertising report for September is ready
. Next month the graphics for all the ads will be changing.
Marketing might seem quiet right now, but a ton is actually going on behind the scenes to put the right foundation in place for the future. Discovery data are being analyzed to generate a positioning strategy, as well as a messaging hierarchy that can guide how to talk about Decred. This will all be agreed upon via consensus of the community in the work channels, and materials will be distributed.
Next, work is being done to identify the right PR partner to help with media relations, media training, and coordination at events. While all of this is coming up to speed, we believe the website needs a refresher reflecting the soon to be agreed upon messaging, plus a more intuitive architecture to make it easier to navigate. (@Dustorf)
- Raedah Group went on the streets of Portland, USA with a pretty blue tent. (photos)
- Manual Blockchain in Sao Palo, Brazil.
- CryptoFacil Summit in Rio de Janeiro, Brazil. (photos)
- Meetup at Binzantin Cafe in Taipei, Taiwan. @morphymore: "There were 20-ish attendees, and about half of them have joined the Chinese FB group. Most of them don't hear about Decred before, but have expressed the interest in learning more about it after the event. Overall, it's a good exposure for Decred in the Taiwan community.". A report with photos was posted on Facebook, more photos are here and here.
- @joshuam made a Decred Jacket appearance at Singapore Grand Prix. (photos)
- NewTech PDX meetup in Portland, USA. Raedah Group presented Decred and reported "lots of new converts". (photos)
- North Shore Bitcoin & Blockchain in Glenview, USA. @dustorf gave a five minute overview of Decred and noted: "There were only about 25 people, but about 1/3 of them were aware of Decred prior. (...) Our simple presence and explanation of the project moved opinion from 'another shitcoin they sold after mining' to 'an interesting and viable project worthy of further investigation'.". (photos: 1 2)
- Ethfinex Governance Summit in Lugano, Switzerland. @Haon attended the event and posted a report on decred, in addition this and this Twitter threads. (video)
- Bitcoin Meetup CDMX in Mexico City on Oct 6. @elian will be talking about Decred at the oldest Bitcoin meetup in Mexico.
- SF Blockchain Week in San Francisco, USA on Oct 9. @lukebp will discuss DPoS vs PoS on a panel 9:30a-10:15a at the Titans of Tech Stage, Hilton Union Square.
- Decred Meetup in Casablanca, Morocco on Oct 27. @butterfly will host the event and talk about Decred in French.
- Texas Bitcoin Conference Austin, USA on Oct 27-28. @BAB: "The great thing about this is that it will also be a Decred Summit. We will have half of the conference dedicated to Decred topics, updates, etc."
- Websummit in Lisbon, Portugal on Nov 5-8. @moo31337 will be on a panel discussing "2018: A Rollercoaster Year for Cryptocurrencies"
We'll begin shortly reviewing conferences and events planned for the first half of 2019. Highlights are sure to include The North American Bitcoin Conference in Miami (Jan 16-18) and Consensus in NYC (May 14-16). If you have suggestions of events or conferences Decred should attend, please share them in #event_planning. In 2019, we would like to expand our presence in Europe, Asia, and South America, and we're looking for community members to help identify and staff those events. (@Dustorf)
August issue of Decred Journal was translated to Russian
. Many thanks to @DZ!
Rency cryptocurrency ratings published a report
on Decred and incorporated a lot of feedback from the community on Reddit
September issue of Chinese CCID ratings was published
), Decred is still at the bottom.
- The underbelly of blockchain Governance - fiat licensing and our code with Marco Peerboom and Chris DeRose (youtube, tweet, decred, missed in August issue)
Insightful dialogue about men's underwear, licenses, subtleties of GPL, BSD wars, tiling window managers and much more.
- Introduction to Decred (Korean, youtube)
@Killawhale collected a lot of feedback from the community and produced this video to spread the word in Korea.
- Perspectives on Governance from Nathan Wilcox, Jonathan Zeppettini, Vitalik Buterin (z.cash)
- Decred - an example of governance (Portuguese, youtube)
- Decred, the crypto that wants to compete with Bitcoin (French, youtube)
- Exodus.io Live with Marco from Decred! (youtube)
Marco joins Exodus.io to discuss what makes DCR an asset that will stand the test of time.
- Building Decred With Systems Development Lead Marco Peereboom - Governance, Politeia, Lightning (youtube)
Topics: early days, Politeia, the structure of Decred, dcrtime, Lightning Network, attracting users and developers, future plans (DEX, Schnorr signatures, privacy, DAEs).
- Decentralized autonomous funding of blockchain projects by @Richard-Red (medium, discussion on decred and dashpay)
- How to obtain Decred? by @mm (stakey.club, also in Portuguese)
- Digital certificates for RPC connections by @mm (stakey.club, also in Portuguese)
- An overview of the Politeia system architecture by @fernandoabolafio (medium)
- One of Investors' Favorite Governance Blockchains Is Handing Over $20 Million by Brady Dale (coindesk.com, discussion on decred)
- What is Decred? (qoinbook.com)
- Decred Cryptocurrency Gives Analysis of Dash (dashforcenews.com, ed: Good job, Decred Cryptocurrency!)
- Decred Price Analysis: Alterations to blockchain governance (bravenewcoin.com, snapshot for non-js readers)
- Decred: A Different Kind of Hybrid (cryptodetail.com)
- Decred Gets Listed on KuCoin as Asset Nears 4-Month Lows (cryptovest.com)
- From PoS to dBFT: A Brief Review of Consensus Protocols (cointelegraph.com, tweet, ed: Decred is mistakenly categorized as pure PoS)
- What is Decred? (Spanish, hardwareate.com)
- Decred Technical Analysis: Breakout Possible, but Which Way Will it Go? (cryptovest.com)
- What is Decred and is it a Credible Blockchain Project? (blockchainreporter.net)
- Governing Decentralization: How On-Chain Voting Protocols Operate and Vary (cointelegraph.com, Spanish version here)
- Decred: A virtual currency with a hybrid approval system combining PoW and PoS (Japanese, cryptocurrency.theater, ed: excellent domain name)
- What is Blockchain Governance? Complete Beginner's Guide (blockonomi.com, discussion on decred)
- Antminer DR3 - Bitmain's Next Target Is Decred (cryptodisrupt.com)
- Q4 2018 Bitcoin Mining Projections (theminersunion.com, snapshot for non-js readers)
- What is Decred? (cryptofinance24.com)
- Twitter followers 39,784 (+192)
- Reddit subscribers 8,784 (+153)
- Matrix users 187 (+24)
- Slack users 6,149 (+82)
- YouTube subscribers 3,718 (+51)
- Facebook 3,060 (+12) followers and 2,826 (+12) likes
- GitHub 419 (+2) stars and 1,073 (+52) forks of dcrd repository
Comm systems news: Several work channels were migrated to Matrix, #writers_room is finally bridged.
- Blockchains are not companies by Dean Eigenmann discussed in #governance
- How the DEX could benefit Decred:
The trouble with infrastructure, "thin" protocols in particular, is that someone has to build them at a cost. e.g. LN takes a ton of work, doesn't necessarily generate value itself, but it magnifies the value of BTC or whatever coin that uses it. I see the DEX in a similar light - whoever creates it is not going to make a bunch of money from it, but it will magnify the value of the underlying asset(s) that end up having a deep order book on the DEX. (@jy-p in #dex)
decentralized governance and funding are necessary for network survival and the power of controlling the narrative; learning
about governance more broadly by watching its evolution in cryptocurrency space, importance of community consensus and communications infrastructure.
Reddit: yet another strong pitch
by @solar; question
about buyer protections; dcrtime
internals; a proposal
to sponsor hoodies in the University of Cape Town; Lightning Network support
to operate a stakepool; voting details
: 2 of 3 votes can approve a block, what votes really approve are regular tx, etc; scriptless script atomic swaps
using Schnorr adaptor signatures; dev dashboard
, choosing work, people do best when working on what interests them most; opportunities
for governments and enterprise for anchoring legal data to blockchain; terminology
: DAO vs DAE; human-friendly payments
, sharing xpub vs payment protocols; funding
btcsuite development; Politeia vote types
: approval vote, sentiment vote and a defund vote, also linking proposals and financial statements; algo trading
and programming languages (yes, on #trading!); alternative implementation
, C/C++/Go/Rust; HFTs
, algo trading, fake volume and slippage; offline wallets
, usb/write-only media/optical scanners vs auditing traffic between dcrd and dcrwallet; Proof of Activity
did not inspire Decred but spurred Decred to get moving, Wikipedia page hurdles; how
stakeholders could veto blocks; how many
votes are needed to approve a proposal; why
Decrediton uses Electron; CVE-2018-17144
and over-dependence on single Bitcoin implementation, btcsuite, fuzz testing; tracking proposal progress
after voting and funding; why
the wallet does not store the seed at all; power connectors, electricity, wiring and fire safety
; reasonable spendings
from project fund; ways
to measure sync progress better than block height; using Politeia
without email address; concurrency in Go
, locks vs channels. #support
is not often mentioned, but it must be noted that every day
on this channel people get high quality support. (@bee: To my surprise, even those poor souls running Windows 10. My greatest respect to the support team!)
In September DCR was trading in the range of USD 34-45 / BTC 0.0054-0.0063. On Sep 6, DCR revisited the bottom of USD 34 / BTC 0.0054 when BTC quickly dropped from USD 7,300 to 6,400. On Sep 14, a small price rise coincided with both the start of KuCoin trading and hashrate spike to 104 PH/s. Looking at coinmarketcap
charts, the trading volume is a bit lower than in July and August.
As of Oct 4, Decred is #18 by the number of daily transactions with 3,200 tx, and #9 by the USD value of daily issuance with $230k. (source: onchainfx
: while we sit at 2018 price lows the amount locked in tickets is testing 2018 high.
ASIC for Lyra2REv2 was spotted
on the web. Vertcoin team is preparing a new PoW algorithm. This would be the 3rd fork after two previous forks
to change the algorithm in 2014 and 2015.
A report titled The Positive Externalities of Bitcoin Mining
discusses the benefits of PoW mining that are often overlooked by the critics of its energy use. A Brief Study of Cryptonetwork Forks
by Alex Evans of Placeholder studies the behavior of users, developers and miners after the fork, and makes the cases that it is hard for child chains to attract users and developers from their parent chains.
New research on private atomic swaps: the paper "Anonymous Atomic Swaps Using Homomorphic Hashing" attempts to break the public link between two transactions. (bitcointalk
On Sep 18 Poloniex announced
delisting of 8 more assets. That day they took a 12-80% dive showing their dependence on this one exchange.
USDC markets on Poloniex: "USDC is a fully collateralized US dollar stablecoin using the ERC-20 standard that provides detailed financial and operational transparency, operates within the regulated framework of US money transmission laws, and is reinforced by established banking partners and auditors.".
new asset listing process and is accepting submissions on their listing portal
The New York State Office of the Attorney General posted a study
of 13 exchanges that contains many insights.
A critical vulnerability
was discovered and fixed
in Bitcoin Core. Few days later a full disclosure
was posted revealing the severity of the bug. In a bitcointalk thread
btcd was called 'amateur' despite not being vulnerable, and some Core developers voiced their concerns about multiple implementations. The Bitcoin Unlimited developer who found the bug shared his perspective in a blog post
. Decred's vision so far is that more full node implementations is a strength, just like for any Internet protocol.
About This Issue
This is the 6th issue of Decred Journal. It is mirrored on GitHub
. Past issues are available here
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Feedback is appreciated: please comment on Reddit
or #writers_room on Matrix
Contributions are also welcome: some areas are adding content, pre-release review or translations to other languages.
Credits (Slack names, alphabetical order): bee, Dustorf, jz, Haon, oregonisaac, raedah and Richard-Red.
Wall of text incoming. May not be germane to the topic per se, but felt like writing it. submitted by
For me, it's my best friend who I originally met in sixth grade. I had been homeschooled up to that point and I was always a socially awkward kid with very fringe interests, and I got taken out of elementary in second grade because of bullying, so I was understandably reserved about starting middle school and reintegrating into the public school system. I still remember it, clear as day. It was my first day of sixth grade, and being myself I had shown up in full formal dress - button-down shirt, belt, tie, the works. (Don't ask.) After homeroom, I walked into my first class of the day, English, and sat where there didn't seem to be anyone else. Then he walks in, sits right next to me and starts a conversation, I think about video games. I mentioned some obscure game he didn't play (of course), but he played along and acted like he did and even BSed his way through a couple questions I ask him. We exchanged emails and before the end of the month we set up our first sleepover, and the rest just went. He was also an awkward kid who didn't have many friends - obviously not as bad as me, but it allowed us to establish a connection.
We had a ton in common from the get-go and it seems like we get more and more each day. He introduced me to Steam, convinced me to setup an account and talked my mom into allowing it, and got me into PC gaming; then I got into PC building and hardware, convinced his dad to let him build one and helped him build it, and then watched him build a second one completely independent of me about two years later. I taught him how to touch type and write well, and I'll still go back and incredulously read some of the stuff he would write one or two years back. He spurred me onto the idea of starting our own business when he was at my house one weekend, a business which has now grossed over $3k with us as pretty much the sole proprietors and employees. He got me into cryptocurrency back in early 2015 when Bitcoin was $300 and he had his own jerry rig of USB miners, a topic which I'm now very actively involved in and doing my science fair project on; we're also planning on divesting some of our business earnings into a legitimate mining venture. And so on, and so forth - anything he gets into, I get into, and vice versa ad infinitum. We have so many common interests and we know each other so well it's crazy.
Above all, he took me out of my shell. In the middle of eighth grade, he recalled that day we met in sixth, and said he noticed me sitting alone at the back of the class and decided he'd give me a chance. God fucking bless his soul, because I don't think there's been a single more pivotal point in my life. Talking, chilling, and doing stuff with him all the time gave me an actual practice base for social skills and convinced me that I was someone worth putting myself out there. I started sitting with the "cool kids" at lunch at one point, and now they all say I'm one of the best people they know and they're glad to talk and hang with me even though I don't necessarily align with their interests. I sent a Snap to everyone I felt grateful for this past Thanksgiving and nearly all of them had great positive stuff to say back. When I walked in the door for the first time at my day camp this summer, the whole room lit up, and everyone was glad to see me. It's fucking incredible how far I've actually come and I owe almost all of it to him and the chance he was willing to give me back then.
But most importantly, he's still the best friend I have, and I'm still the best friend he has. We still have more in common than any other two people I know, and likewise for how well we know each other. Every time I go over to his or he comes to mine I feel genuinely happy and glad to see him again, in a way that almost nothing else makes me feel. His mom died unexpectedly towards the end of eighth grade, and at the funeral I cried fucking uncontrollably because I truly do feel for him. We went on to different high schools, and we both have way more non-mutual friends now and do tons of things that aren't with each other, but our link is still the strongest of all. He lives on the nice side of town and I live in the ghetto, he's Jewish and I'm a Catholic-born agnostic, he doesn't give a shit about school and I have a 4.9 GPA, he's a die-hard Apple fanboy and I have an Android, and on and on - but none of that shit matters. We're friends, and we're great friends.
I felt compelled to write this because "Still the One" by Orleans came up in my playlist today and I noticed how many of the lyrics feel relevant to us, minus the romantic part. "Sometimes I never want to see you again...but I want you to know, after all these years, you're still the one I want whispering in my ear," "Changing, our love is going gold...even though we grow old, it grows new," etc. etc.
Thanks to anyone who read that. Who's someone like this in your life?
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