Wednesday, November 7, 2018

/r/Monero Daily Discussion – November 07, 2018 - Use this thread for basic questions and if you're new to Monero

Index

General questions
Wallet: CLI & GUI
Wallet: Ledger
Nodes

1. General questions

Where can I download the Monero wallet?

There are multiple Monero wallets for a wide range of devices at your disposal. Check the table below for details and download links. All wallets listed below are open source. Attention: for extra security make sure to calculate and compare the checksum of your downloaded files.

Desktop wallets

Wallet	Device	Description	Download link
"Official" GUI / CLI	Windows, Mac OS X, Linux	The default implementation that is maintained by the core team. Use this one to run a full node and obtain maximum privacy.Has Ledger (hardware wallet) integration. Current version: 0.13.0.3 / 0.13.0.2.	GetMonero.org
MyMonero	Windows, Mac OS X, Linux	MyMonero is a lightweight wallet, which means you don't need to download the blockchain and run a node. MyMonero was developed with the assistance of the core team. They also have web-based and iOS versions.	GitHub

Mobile wallets

Wallet	Device	Description	Download link
Monerujo	Android	Popular Android lightweight wallet that has very cool features, like integration with xmr.to which lets you send payments in BTC using your XMR. It also has Ledger (hardware wallet) integration. Website: https://www.monerujo.io/.	Google Play / F-Droid / GitHub
MyMonero	iOS	iOS version of the MyMonero wallet. All versions have interoperability.	App Store
Cake Wallet	iOS	Popular iOS lightweight wallet that has integration with MorphToken, which means you can instantly exchange your XMR to other coins and tokens. Website: https://cakewallet.io/	App Store
X Wallet	iOS	Another iOS lightweight wallet. Website: https://xwallet.tech/	App Store
Edge Wallet	Android / iOS	This is a multi-assets wallet, meaning you can store Monero, Bitcoin, Ethereum and other tokens in one single app. https://edge.app/ ⚠️ Relatively new - use with caution! ⚠️	Google Play / App Store

Web-based wallets

Wallet	Description	Link
MyMonero	Web version of the MyMonero wallet. All versions have interoperability.	Web
XMRWallet	Web wallet with TOR support. ⚠️ Relatively new - use with caution! ⚠️	Web / Onion URL

How long does it take for my balance to unlock?

Your balance is unlocked after 10 confirmations (which means 10 mined blocks). A block is mined approximately every two minutes on the Monero network, so that would be around 20 minutes.

How can I prove that I sent a payment?

The fastest and most direct way is by using the ExploreMonero blockchain explorer. You will need to recover the transaction key from your wallet (complete guide for GUI / CLI).

How do I buy Monero (XMR) with Bitcoin (BTC)?

There are dozens of exchanges that trade Monero against Bitcoin and other cryptocurrencies. Check out the list on CoinMarketCap and choose the option that suits you best.

How do I buy Monero (XMR) with fiat?

Kraken (USD and EUR): old-school, decent exchange. They might require your documents for verification and approval of your account.
LocalMonero: peer-to-peer exchange. They have pretty much everything as a payment method and they support hundreds of fiat options.

How do I mine Monero? And other mining questions.

The correct place to ask questions and discuss the Monero mining scene is in the dedicated subreddit r/MoneroMining. That being said, you can find a list of pools and available mining software in the GetMonero.org website.

2. Wallet: CLI & GUI

Why I can't see my balance? Where is my XMR?

Before any action there are two things to check:

Are you using the latest available version of the wallet? A new version is released roughly every 6 months, so make sure you're using the current release (compare the release on GetMonero.org with your wallet's version on Settings, under Debug info).
Is your wallet fully synchronized? If it isn't, wait the sync to complete.

Because Monero is different from Bitcoin, wallet synchronization is not instant. The software needs to synchronize the blockchain and use your private keys to identify your transactions. Check in the lower left corner (GUI) if the wallet is synchronized.

You can't send transactions and your balance might be wrong or unavailable if the wallet is not synced with the network. So please wait.

If this is not a sufficient answer for your case and you're looking for more information, please see this answer on StackExchange.

How do I upgrade my wallet to the newest version?

This question is beautifully answered on StackExchange.

Why does it take so long to sync the wallet [for the first time]?

You have decided to use Monero's wallet and run a local node. Congratulations! You have chosen the safest and most secure option for your privacy, but unfortunately this has an initial cost. The first reason for the slowness is that you will need to download the entire blockchain, which is considerably heavy (+70 GB) and constantly growing. There are technologies being implemented in Monero to slow this growth, however it is inevitable to make this initial download to run a full node. Consider syncing to a device that has an SSD instead of an HDD, as this greatly impacts the speed of synchronization.

Now that the blockchain is on your computer, the next time you run the wallet you only need to download new blocks, which should take seconds or minutes (depending on how often you use the wallet).

I don't want to download the blockchain, how can I skip that?

The way to skip downloading the blockchain is connecting your wallet to a public remote node. You can follow this guide on how to set it up. You can find a list of public remote nodes on MoneroWorld.

Be advised that when using a public remote node you lose some of your privacy. A public remote node is able to identify your IP and opens up a range for certain attacks that further diminish your privacy. A remote node can't see your balance and it can't spend your XMR.

How do I restore my wallet from the mnemonic seed or from the keys?

To restore your wallet with the 25 word mnemonic seed, please see this guide.

To restore your wallet with your keys, please see this guide.

3. Wallet: Ledger

How do I generate a Ledger Monero Wallet with the GUI or CLI?

This question is beautifully answered on StackExchange. Check this page for the GUI instructions, and this page for the CLI instructions.

4. Nodes

How can my local node become a public remote node?

If you want to support other Monero users by making your node public, you can follow the instructions on MoneroWorld, under the section "How To Include Your Node On Moneroworld".

How can I connect my node via Tor?

This question is beautifully answered on StackExchange.

Gwyneth Paltrow Goes All Crypto: Promotes Bitcoin Investing Guide on Twitter

https://all-stocks.net/gwyneth-paltrow-goes-all-crypto-promotes-bitcoin-investing-guide-on-twitter/

Tuesday, November 6, 2018

[Daily Discussion] Wednesday, November 07, 2018

Thread topics include, but are not limited to:

General discussion related to the day's events
Technical analysis, trading ideas & strategies
Quick questions that do not warrant a separate post

Thread guidelines:

Be excellent to each other.
Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

VNT WEEKLY | VNT Chain Project Progress VNT WEEKLY, November 4

This is the weekly report of VNT Chain in which you will find about the latest project updates, community news and development progress. It would be a great honor for us to share exciting news and build the ecology with you!

Project Updates

https://i.redd.it/7y2lfg82vuw11.jpg

On November 1, Tsinghua University, National University of Singapore and Southampton University jointly held the third NExT++ Academic Conference in Nanjing. The founder of Yunphant Blockchain and co-founder of VNT Chain, Dr. Huang Butian, was invited to the conference and made a report on “Blockchain Technology and New Trends in Its Applications”, discussing blockchain technology and new trends in applications with more than 50 experts, teachers and students from Tsinghua University, the National University of Singapore, and the University of Southampton. In this report, Dr. Huang Butian first gave a detailed introduction to the current development trend of blockchain technology. He believes that with the continuous development of blockchain technology, the future blockchain will be more closely integrated with artificial intelligence, Internet of Things, cloud computing technology, etc., and will show a trend of coordinated management of on-chain and off-chain, while at the same time to meet a wide range of commercial applications. And he holds that the construction of the underlying infrastructure of blockchain will gradually move towards the integration of the public chain and consortium chain.

Recently, the “Blockchain Forfeiting Trading Platform” based on “Distributed Architecture, Full Link of Business Links and Fully Automatic System Connection” designed and developed by Bank of China, China Minsheng Bank and China CITIC Bank was successfully launched and completed the first cross-bank asset transaction on the same day. As of October 26, the “platform” transaction volume reached 30 million yuan. This is the extended practical application of blockchain technology in the banking industry after the first cross-bank blockchain project “letter of credit” which was launched in June 2017. The “platform” adopts the form of consortium chain, and its blockchain infrastructure is supported by the technical service provider of VNT Chain –Yunphant Blockchain. Three banks jointly developed the platform based on the current industry-wide business processes, embodying the principles of equality, mutual trust and openness.

On October 29, VNT Chain co-founder Zhou Feng was invited to the Intersekt Annual Financial Technology Summit by the Australian government. He conducted an in-depth communication with Australian government officials on the topic of the combination of blockchain technology and financial technology. The Australian government expressed the hope that VNT Chain could further expand its industrial ecology to Australia and Australia will help VNT continue to expand its ecosystem all around the world.

Community News

https://i.redd.it/ehsfexo3vuw11.jpg

1.On October 30th, the event of “10th Anniversary of Bitcoin, Salute Satoshi Nakamoto” was officially opened. The top 100 successful decoding participants will receive 1031 VNT rewards.

Development Progress

Consensus Module

Witness management function completed, debugging – 100% Completed
BFT message pool and message encapsulation – 75% Completed
BFT message processing logic implementation – 75% Completed
BFT messaging interface and message interaction development – 75% Completed
Non-witness investigation and design of verification scheme for BFT process – 90% Completed

Smart Contract Module

Implement the Turing Completion of the Contract Language Compiler, load / store mechanism repaired – 100% Completed
Contract language compiler code refactoring – 80% Completed
The development of compiler test framework—65% Completed
The optimization of Intelligent contract formalization proof design – 40% Completed
Scheme design of contract secondary compilation – 100% Completed
Strip virtual machine core library and support contract offline debugging--75% Completed
Contract sample development—35% Completed
Gas injection in WAVM – 35% Completed
Fix bug in compiler virtual call.
Optimize the implementation mechanism of virtual machine event.
Update virtual machine design documentation.

P2P Module

Support Swarm file service protocol –80% Completed
Repair the bug of Whisper protocol receiver’s failure on recognizing the massage, test passed – 100% Completed
Multi-node communication test and defect repair—60% Completed
Network environment and fault-tolerant testing, repairing disconnection reconnection bugs—20% Completed

Cross Chain

Notary schemes pre-research – 100% Completed
Side chain technology pre-research – 85% Completed
Combination of ring signature technology and notary schemes—85% Completed
Design of cross-chain interaction scheme based on Hash Lock – 100% Completed
Design of cross-chain interaction scheme based on notary – 10% Completed

Consortium Chain

Consortium chain V1.1 stability test. Memory leak in the node is under debugging – 75% Completed
Third round of functional testing consortium chain v1.1 – 100% Completed
Consortium Chain V1.1 performance test – 40% Completed
Demand analysis of Consortium Chain V1.2 –30% Completed
BaaS platform V1.1 stability test – 15% Completed
The PRD development of BaaS Platform V1.2 – 60% Completed
Research of monitoring platform design—75% Completed
Research on the technical design of zero-knowledge proof – 90% Completed

Wednesday Inferno market overview

https://i.redd.it/hck3d3d81vw11.gif

With the new month, bitcoin has still been trading within that very tight range. Just this morning, however, we may – may – have seen the first signs of green shoots as the price breaks out of its holding pattern. We will know more later.

November has historically been a bullish month for BTC and there’s some expectation that will happen again – but remember, we’re contrarians here at Inferno and when the herd thinks something is going to happen, the opposite is likely. Now we don’t know whether ‘the majority’ think things are bullish at this point – the evidence suggests not – but take what ‘everyone’ says with a grain of salt. In a market, nothing is definite.

Volumes are still low, but appear to be rising slightly, which will be a critical factor in determining the strength of any given move and how likely it is to follow through into the next stage of the cycle. Analysts are split on whether we are consolidating here ahead of a recovery in the final two months of the year – as we’ve said, bitcoin’s traditional Christmas rally – or whether we will break support at $5,700 and head into a long crypto winter. Remember, with low volumes, it’s easier for large players to push the market around, so a pick-up in volume is critical for the health of the ecosystem.

Right now, it’s still unclear which way things will go. Sunday saw a $100 leg up but BTC still sits within the established $200 range. We’ve just pulled above $6,500 at the time of writing, but there’s no telling whether that will be sustainable or whether it’s a fakeout. There’s support at the $6,200 zone, resistance around $6,500. If we close above that the scenario becomes more bullish.

As we suggested on Monday, the outcome of the midterms could have some bearing on what happens next, since this will impact the US financial markets – and those wider market conditions will likely play into whether bitcoin breaks up or down out of its nine month descending triangle pattern. If traders feel wealthy (due to a rally in the Dow, for example), they will be more prepared to put money into BTC. So it will be worth watching the stock markets and taking some cues from them. However, this is just one factor of many.

In the alts, there are signs of life. BCash has posted significant gains ahead of its fork mid-month. In previous such forks and similar events these rallies end before the fork itself as traders look to front-run each other ultimately selling the news. The same will almost certainly happen here – expect blood for BCash soon.

https://i.redd.it/1q7ekh761vw11.jpg

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