/r/Monero Daily Discussion – November 09, 2018 - Use this thread for basic questions and if you're new to Monero

Index

1. General questions
2. Wallet: CLI & GUI
3. Wallet: Ledger
4. 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:

1. 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).
2. 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.

The usecases of implementing blockchain to the ad-space is rapidly being realized by the industry (articles by Forbes, The IAB and Adweek) which leads me to believe that ad-tech is the next "BOOM" of 2019 like supplychain was in 2018, here is why. BAT, ADB, TERN and ADX - the only viable contenders.

Last year we saw VEN (now VET), WTC, TRAC and others rise up, when supplychain management was recognized as a viable usecase for blockchain and crypto. We saw these companies launch products and partnerships and there was ALOT of speculation and hype surrounding them. Currently the recognition of blockchain implementation benefitting the advertising industry is sky high. There are several big players within the ad-industry who have condemned the whole space due to its high amounts of fraud (40-60% of internet traffic are bots) and markups by middlemen (everything form 20-80%) and many articles on main stream publications about how blockchain can solve the problem. Doesn't that sound like the perfect opportunity for blockchain and crypto to gain more legitimasy?

​

I will first go through the two companies which I think are the most viable and I believe can make the most difference in the space (Brave and Adbank) with a quick introduction and a Pros and Cons list. Be sure to research them more thoroughly than only looking at this post. I will be going over the projects only shortly so i can imagine there is a ton off stuff that's missing. I will also do quick descriptions of a few other advertising based projects, which seem to be good picks, but which i havent really had the time to check up on. I have looked into tother blockchain based ad-tech solutions aswell, but none really seemed to be very good. Theres BigBom, Ubex, KindAds which all ticked too many red flags for me tbh, sorry if i'm offending someone but they just aren't for me.

Afterwards im going to link a few articles from some players in the industry mentioning blockchain and other technologies in solving these issues.

One thing we have to realize before applying the tribalism that crypto suffers from, is that there will be no "winner takes it all". The ad industry is very big (230bn USD in 2017) and there are so many dfferent kinds of advertising and so many ways to chose how, where and when your ads are being placed / shown, that one single entity will not be dominating the whole space. There will be many different key players in the markets, both centralized and decentralzed, to provide solutions to the problems that exist and improvements upon the current legacy system.

​

​

https://i.redd.it/igckklcd23x11.png

First up we got the brave browser with their native token BAT.

The brave browser seeks to eliminate the industry standard that the consumer is the product, which is a pretty noble cause, giving "power back to the people". Brave aims to provide less intrusive ads, on the consumers terms while getting paid for watching the ads.

By giving the option to opt out of ads, Brave also takes away the ability to monetize the free content on the internet, but gives the consumer an easy way to contribute and "tip" their favourite content providers. Advertisers who use brave get more attention on their ads, which in turn should increase engagement and that is what all ads ultimatley aim for, engagement and that engaement leading to purchasing of a product or service. Although i can imagine Brave ads being very expensive to the advertiser, if they actually lead to more purchases instead of people just watching the ads for getting tokens. But i think the advertisers will happily pay more for the ads if that is the case.

The Bat token is used for transactions within the ecosystem, but i'm not sure if it can be replaced by for example BTC, is the token really needed? Mabye some of you can enlighten me in the comments on this.

One thing thats a bit conserning is the publishers revenue (The site that hosts the free content you consume) They need money aswell to keep the platform up, otherwise they will close shop, ask for a monthly fee to use the site or simply block the usage of brave on their sites, I'm not too sure that the current model that is being implemented by brave is sufficient to create the revenue they need / want.

I'm hearing content creators are having some problems with the 3rd party involved in "cashing out" the BAT tokens they have been tipped aswell. Not sure if the tips are enough for the content creators to live off of their content. I imagine that these issues will be solved and brave will find differnt kinds of tweaks and things they can implement. time will tell.

All in all, im optimistic of their future and brave is paving the way in being the most recognizable advertising token there is and im very eager to see whats next for them.

If you havent had the time to check it out, heres a link to braves website!

​

Pros:

• Vision
• Working product
• Established / known
• Already on most exchanges + coinbase
• Something very different to what we have today
• Capable team
• millions of users already
• Higher amounts of engagement from the consumer

​

Cons:

• Publisher revenue
• Content creator revenue
• Totally new system
• Can BAT be replaced by lets say BTC?
• Cashing out the tokens via a 3rd party

​

https://i.redd.it/bxkqntzh23x11.png

​

Next one is Adbank and their token, ADB:

I'm pretty sure not many of you have heard of it, since it sits around 2m USD marketcap, but ive been keeping my eye on them since their ICO last december.

Now, whats adbank? Adbank is a platform for existing adnetwroks aswell as advertisers and publishers seperatley, kind of a toolbox for them to use. With their open API they will enable transparency and anti fraud AI services for each and every advertiser and publisher that is willing to use it, big and small, lowering costs of ads and adding to the revenue of the publisher, great incentive for adoption. With adbank being adopted, they aren't trying to directly better the consumer experience with ads, but with an increase of money being saved for the enterprises wanting to advertise, there is more money to be used on the ads which would make them less annoying and some might actually be enjoyable. Lets face it, you don't hate ads, you hate bad advertising. Although, there is no guarantee this would happen.

The ADB token is a crucial part of the whole ecosystem and it wouldn't functon without it. The token is used by a smart contract created for each ad so that the payments flow form each view from advertiser to publisher. The anti fraud AI (On which they have a patent pending) needs the tokens to work aswell. in detecting fraud you need to "follow the money". If lets say ethereum would be used in the ecosystem, the AI would have to go through every ETH wallet to determine if its Adbank related or not with a whole other set of algorithms and code. By having it track the tokens only, it is so much easier to feed the data and implement the algorithm/code to the AI.

I'm pretty sure some one who has knowledge on how AI works thinks i murdered that sentence and over simplified it, but im not too tech savvy on that matter so i hope you guys let it slide.

I think this video by Adbank explains the whole consept alot better than what i can.

​

Here's why i think they will become a key player in the industry within a year or two:

• They have been working pretty diligently building the foundations to be a succesfull blockchain based ad-tech company. Adbank has launched their working product and pilots with Redbull and the austrian government + Adweek and flixxel. You can read more about it in a forbes article here.
• They recently presented at the Adweek elevate conference in october to the elites of the industry which resulted being in talks about pilots with 5 fortune 500 companies.
• Founded IAB (International Advertising Beurau) blockchain research commitee.
• Talked at the United Nations blockchain conferences and being awarded by the UN.

As you can see, they haven't been really hyping up all what they have been doing and worked closeley behind the scenes building up a reputation within the target industry. The risk / reward ratio on this company is pretty good IMO.

​

Pros:

• Incentivises enterprise adoption.
• Positioning themselves and making a name for themselves in the target industry.
• Very low marcetcap, high potential ROI.
• Competent team.
• working product.
• Interest from major players within the targetted industry.
• The token is a crucial part of the ecosystem.

Cons:

• Very hard to solve the problems they are aiming to solve.
• Low marketcap, which is off putting to some + low volume.
• Doesn't nessesarily improve the way we consume ads.
• not on many exchanges, kucoin only.

Be sure to check out the website here!

They also have a blog on medium which you can acces through this link.

​

​

​

A few viable players who provide blockchain based ad-tech

​

Adex: Is basically an ad-exchange, as their name implies. Their aim is to reduce adfraud, increase privacy and enable consent to receiving sponsored messages, etc. AdEx is completely transparent and built on top of Ethereum smart contracts. They have a strong team and advisory borad so defnetly keep an eye out for them. https://www.adex.network/

Ternio: Is a mix of stellars blockchain and hyperledger, claiming to be capable of 1 000 000 TPS, its tested on their testnet and audited by a 3rd party, but its yet to see if they actually can provide 1m TPS on a real live blockchain. Ternios initial targets are to provide instant publisher transactions and transparency + fraud prevention to the advertising industry. Although they are targetting the ad-industry first, their goal is to be the blockchain that "fits all". https://ternio.io/

​

All these companies mentioned have a different aproach to tackling the problems of the ad-industry. They might seem very similar at first but after you do some research into the industry and look at how the companies provide solutions, you will come to the conclusion that they don't nessesarily compete with eachother directly.

​

​

​

Now to the articles from some big names in the marketing industry.

Adweek is the nr.1 marketing and branding focused publication in the world. They recently had an "elevate blockchain conference", which you can read about here.

"At Adweek’s Elevate: Blockchain event earlier this week, we gathered some of the top minds in the ad-tech space to discuss and debate the promise of what blockchain will mean for the brand marketing ecosystem.

For one, the transparency it will bring means ad effectiveness will increase exponentially. How much? Watch above for a look at how much waste exists today, and how blockchain promises to fix it."

​

Adweek also has a few otehr articles, but the best one was here IMO. The article goes a bit deeper into how blockchain needs to be implemented and what is requiered of the companie doing it.

​

Forbes, everyone knows them, right? they have been publishing several articles on how blockchain and crypto will disrupt the ad-industry aswell.

Blockchain can and should be developed for digital advertising

" While eyes and investments have shifted to blockchain as digital currencies, like Bitcoin, have become popular, there are more ways to use blockchain technology than by financial firms, such as by advertisers and advertising agencies. In fact, investing in the use of blockchain technology for the digital advertising world could change the landscape as we know it."

​

whats coming? blockchain and advertising.

"Blockchain marketing is the buzzword for 2018. So much so that the Interactive Advertising Bureau (IAB) released their "Blockchain for Video Advertising" whitepaper detailing how this new technology will revolutionize the digital advertising supply chain and have ripple effects throughout the marketing industry. "

​

The IAB is an association for advertisers and publishers, which every single entity in this space is apart of. McDonalds, Google, Facebook, Proctor & Gamble, every single one. IAB has also recognized, that blockchain and adtech go hand in hand. They are so eager about it, they actually have attempted to everyone how it works!

​

​

I see so much potential when investing in the ad-tech space it's redicolous. DYOR and lets discuss things in the comments!

​

​

​

​

​

​

​

[Daily Discussion] Friday, November 09, 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

[Daily Discussion] Friday, November 09, 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

Trade Pharma Network

Trade Pharma Network is a EU-licensed brokerage platform and an international pharma-centric marketplace of choice for buyers & sellers performing routine transactions of medicines. Our Artificial Intelligence (AI) driven platform uses powerful AI algorithms to enable efficient search & digital matchmaking between our key stakeholders but also Blockchain as we envision a future where every physical medicine has a digital history, allowing our users to trace and verify its origins, attributes and ownership to fight efficiently against counterfeit medicines, in Europe & Worldwide. We are also providing a full suite of services that facilitate information exchange, communication and transactions between pharma and healthcare institutions.

Rather than be curious about a very profitable project, please read the article I wrote below:
The first time I heard about Bitcoin is in 2010, where the price of Bitcoin is still about 10 cents (US Dollar). At that time, I have not invested. Then I re-read about cryptocurrency in 2015, when Bitcoin price has reached about 200 US Dollars. Again I did not invest. At that time, it was very difficult to find a guide about cryptocurrency. None of my friends has or understands how Blockchain or cryptocurrency works. I decided to write this guide to help you start investing in the blockchain world.
Here I will introduce to you a platform that will help you to who want to invest in cryptocurrency, that is Trade Pharma Network. There are many people who do not know how to start investing in cryptocurrency, or simply do not have the time and energy to do it. Trade Pharma Network will handle all these needs for you who want to invest.
By utilizing Blockchain technology, Trade Pharma Network certainly wants to give full trust to users of this platform. Because with Blockchain technology, all transactions and data storage are secure because they are replicated across the blockchain network so that to change one data the hacker must also change the same data across all other user's computers at the same time. This is very unlikely to be done. Blockchain is like a big book where all transactions are transparent and can be checked by everyone so as to ensure credibility.

#Marketplace #Trading #Medicines  #ArtificialIntelligence #Blockchain #TokenSale #TradePharmaNetworkICO

A Quick Guide to Cryptocurrency Wallets

WHAT IS A CRYPTOCURRENCY WALLET?

The concept of a wallet is more than just “a flat pocket-sized case to hold paper currency” in today’s world. Taking into account the aspects of safety and progression in payment technology, wallets have evolved into a platform that have different services integrated within. With that being said, you will still need a wallet to hold your cryptocurrencies.A cryptocurrency wallet is a secure digital platform to store and access your digital assets, such as Bitcoin, Ethereum or EVR. It is a software-based program that helps you store your public and private keys, monitor your balance, and send and receive digital currency by connecting with other blockchain protocols.

HOW DOES IT WORK?

Cryptocurrency itself does not actually “exist” in a wallet. There is no physical form of storing or exchanging these currencies. To be able to send or receive your digital currency, a private key stored in your wallet must be compatible with the public key to prove your ownership. If the public and private keys match, your wallet will act as a personal ledger of transactions stored on the blockchain. The analogy is to think of the private key as being similar to a password that is confidential for your own use, and the public key as an email address which can be known by or shared with anyone.

Read the full article: https://media.everus.org/2018/11/09/a-quick-guide-to-cryptocurrency-wallets/

[Daily Discussion] Friday, November 09, 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