THE RISE AND RISE OF MONERO

in bitcoin •  8 years ago  (edited)

Satoshi brought us Digital Gold. He intentionally gave it a public ledger. Knowing the big banking cartels and wall st goons would pick it up. It was designed for the future. A future that keeps the super rich/wealthy honest. - maybe in the future you will prefer to store your family savings in BTC vs XMR. However, day to day currency may end up being something else. - would you want your employer knowing where the BTC they send you goes? - XMR solves those small issues and other larger ones. Actually, the cryptonote whitepaper is a great read and I do recommend anyone interested in good cryptography to give this a read. This is exactly what we needed. Also, I think the word "Monero" fits great. Esperanto could very well be a key language to know in the future. Like crypto, Esperanto is not only a "structured thing" created by us, it also creates a level playing field for everyone. Imagine going to a different country and not having to worry about learning a new language? Esperanto could be the default language of the universe. Think about the advantages there and I suggest you google and research what the benefits of Esperanto could create for the world. I am not saying forget your culture and your language, I am simply saying this could be a great extra language to help create better relationships and business ties across the globe.

CRYPTONOTE WHITEPAPER: https://cryptonote.org/whitepaper.pdf

CryptoNote is based on many early works and protocols and takes into consideration several issues raised among the Bitcoin community. Below is the list of most important papers and events that have influenced CryptoNote:

1983 – Blind signatures described by David Chaum
1997 – HashCash (an instance of a proof-of-work system) invented by Adam Back
2001 – Ron Rivest, Adi Shamir, and Yael Tauman proposed ring signatures to the cryptographic community
2004 – Patrick P. Tsang and Victor K. proposed using the ring signature system for voting and electronic cash
2008 – Bitcoin whitepaper published by Satoshi Nakamoto
2011 – An Analysis of Anonymity in the Bitcoin System, Fergal Reid and Martin Harrigan
2012 – Destination Address Anonymity in Bitcoin (one-time addresses in CryptoNote).

2014 - Monero is born

ROGER VER ON XMR:
https://www.reddit.com/r/Monero/comments/4n5tlo/le36_roger_ver_and_erik_voorhees_scaling_debate/d435o3d

PETER TODD ON XMR:
http://bitcoin-development.narkive.com/mH0GrHuE/libconsensus-and-bitcoin-development-process#post7

Quote from Theymos the great:
(https://bitcointalk.org/index.php?topic=1505938.msg15496844#msg15496844)
Quote from: theymos on July 07, 2016, 04:21:58 AM
I do think that Monero is probably the best altcoin right now, since it actually does something major that Bitcoin doesn't, even if its scaling is terrible and it'll probably be replaced by a Bitcoin sidechain someday. Achieving Monero-style anonymity for everyone should be a long-term goal of Bitcoin.

BLAST FROM THE PAST: Is the future finally here?

  1. http://www.wired.com/1994/12/emoney/

  2. http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

  3. http://www.nytimes.com/1994/12/31/us/computer-jokes-and-threats-ignite-debate-on-anonymity.html?pagewanted=all

  4. http://osaka.law.miami.edu/~froomkin/articles/cfp97.htm

  5. http://www.cs.utah.edu/~kmay/look/digital/Laundry.htm

  6. http://www.forbes.com/forbes/1997/0908/6005172a.html -"There is another dimension to the spread of crypto. The same mathematical tricks used to encode a message can be run in reverse, to generate a so-called digital signature. This is a computer stamp of authenticity. It can be used to prove that an electronic document originated with a particular sender, such as a bank depositor or a bank officer. Assemble a few digital signatures in a clever fashion and you have created a mechanism for digital cash;a system of electronic payments akin to Visa or MasterCard but with the added feature that it can be made anonymous." - FORBES 1997

POSTS ON BITCOIN + ANONYMITY BY SATOSHI:

  1. https://bitcointalk.org/index.php?topic=8
  2. https://bitcointalk.org/index.php?topic=13.msg15997365#msg15997365
  3. https://bitcointalk.org/index.php?topic=7.new#new
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nice post

I'm more DASH fan than Monero - I love the DASH PrivateSend feature.