I have been struggling from 5 days to understand monero. Was totally surprised to see a notification on my phone that said “Siraj Raval has uploaded a video - how does monero work” ... awesome content ... this has helped me a lot in understanding it... thanks Siraj :)
Governments are now developing and using software to track Bitcoin's transactions and users for tax evasion and so on. Monero is the ultimate answer to this problem. 2018 will be Monero's year.
I thought the silk road guy was caught because they found a post discussing the silk road, on the clear web, by him using an email with his real name in it.
hahaha you're right Kyle. im aware of the influence my videos can have. its a big responsibility for one dude but i asked for it. i dont want metaphorical blood on my hands. ring signatures are such a cool idea though
Just wanted to say thanks for actually mentioning the technologies involved like ring signatures rather than just saying “monero is private” like the other videos do
Siraj you should look closer at the story of Ross before you repeat lies like "he was ordering hits on people" - it was a smear piece used against him during the early days of his arrest to ensure he was viewed as a bad person and the authorities never were able to substantiate any of those claims. How would you feel if you were wrongly accused and called a murderer but nobody had to provide any evidence?
Siraj, you're awesome. Whenever I get interested in some cool technology, you already have a video covering it. Always on the top of the things. Keep it up buddy!
Imagine you life in a country where Things are illegal you do in your country everyday you start a Political campaign and need Money for that. Which One you will prefer? the One the gov Has the ability to Check that who spend money to you and where you will spend it on or the One that is completely private? Edit: XMR to Nibiru!
wow Siraj, your notes look to be quite an extensive study as well, is that part of the repository (couldn't find it) or part of public monero resources ? thanks for your amazing content and energy that you put into organising your content!!
This technology is amazing, Monero's ability to be transparent through the one time key I think is the key point in its ability to scale and be more viable for everybody, while still honoring individuals privacy. Brilliant.
What an amazing content, we feel the passion you have for the topic you've chosen, you've worked it, and made it understandable for crypto newbies. Thanks a lot
This is a breath of fresh air! Everyone talks about cryptocurrency in terms of prices and how to make money with it. Understanding the tech and how it translates to the real world is exactly what I'm looking for!
1. it's never too late to get into in Monero, the best privacy coin out there. 2. Theres an upcoming hard fork & Airdrop with MoneroV. You get 10 XMV for each 1 XMR. 3. This will probabaly drive Monero up like crazy in 2018. 4. Hold for long, believe in true privacy!
Luigi Tecnologo Bitcoin wasn't meant to be an anonymous form of money, it was made to be a "Peer to peer system of electronic cash", according to the white paper. I don't see " Privacy" or "Anonymous" in there.
If you really want secured transactions why being fast, you guys really need to be up to speed. Lookup the technology HashGraph; the days of Blockchains and any versions are coming to an end, but not anytime soon. They are no coins yet established with this new tech means you have a heads up. What you do with the information is up to you. :)
I think our value is in what we do - period. And I think the blockchain represents the ability to both companies AND us to capitalize on that our use of their products alone.
Monero, Zcash, Dash ... these private coins are interesting for many people but especially for finacial institutes. Zcash has the advantage that it has an addressed institution, while Monero is complete decentralised ... states, banks and so on will never accept a private currency that is complete decentral ... this works only if all countries in the world would unite ... and I can`t see this für the next 300 years.
‘I am here to give you knowledge so that you can do Good in the World’ Saraj, you are nominated top human! Thanks again for providing these wonderful videos. Do you have any books or swag I can purchase?
Great video bro! Thanks! Also thanks for showing that PRIVACY DOES NOT EQUAL things that are illlegal... Have heard that those who are serious about criminal activity prefer diamonds. This is more for a private individual! Question, if a person purchases MONERO on someplace like Binance, would it not be connected that you purchased it from BINANCE. Private after that but a record that you purchased MONERO from Binance?
JavaScript is a high-level* scripting language, good for writing nice looking web applications, or even some desktop/mobile ones when speed isn't a priority C/C++ on the other hand are compiled lower lever programming languages, and that means the following: Once compiled , C/C++ code can run directly on the processor (or GPU for that matter), hence leveraging its full raw power, while JavaScript requires other layers of software between it and the processor (Chrome V8 for instance, which is written in C++), that adds latency and wastes a lot of processing power. When it comes to mining, that could be the difference between making revenue or paying in electricity more than you manage to mine Why does this JavaScript miner exist in the first place you may ask? Simply because websites can embed it on their pages to mine on your device when you visit them: arstechnica.com/information-technology/2017/10/a-surge-of-sites-and-apps-are-exhausting-your-cpu-to-mine-cryptocurrency/ * The higher level you go, the more readable the language is to a human. The lower you go, the closer it is to machine byte-code, i.e. 1s and 0s
#HASHGRAPH #HASHGRAPH #HASHGRAPH #HASHGRAPH Siraj, biggest fan here... Could you talk about Hashgraph by Swirlds? next generation of blockchain tech. People who want to hear about it, like this comment and perhaps Mr. Raval will do it!!
I've been wanting to understand crypto for a long time but it really confuses me....especially because of the limits on purchasing as far as payment method goes...I don't have a bank account. This video is very easy to understand as a beginner and I just wanted to say thanks.
Good video, but you are referring to Ross Ulbricht. And he never ordered hits on people, or sold drugs. He simply created a bitcoin marketplace, what people decided to sell in the form of goods and services he had no control over.
Thanks for all the videos Siraj, you are a Great educator. Hope Elon can find the time to talk to you. Is there a big difference between Zcash and Monero? I know they are pursuing similar goals
I don't understand the third way to anonymize bitcoin? How do you purchase an asset than convert back into bitcoin? Won't just at that time you could be revealed?
2 questions left unanswered for me: 1. How does the sender being anonymous translate into them getting paid for their "data"? 2. Is it even possible to audit this blockchain while keep the anonymity completely uncompromised?
Is sending XMR from one exchange to another traceable? Does it have to go through a Monero wallet to break the trace-ability? What about Exchange to Trezor to another Exchange? (I'm new to xmr, and trying to learn)
That would be awesome! My thought goes like this: Monero has recorded a 400% increase in price over the last month, and has a long-term bullish setup, as well as a steeper short-term trend line from technical analysis. Targets for Monero if it breaks out of the current resistance zoom of $420 would be $500, $550, and $600. Projection for Monero in Janurary of 2018 would be $600.
Marcelo this is not really a classifier. This is a comparison in a loop. In fact if you buy every time the price is higher you will basically buy higher every time. Maybe you meant to describe it differently?
Its still has the scalability and centralization issues associated with blockchain DLTs. Combine this with IOTA while making the IOTA guys nice people and we could have a winner.
Ross Ulbricht, the founder of the Silk Road had a vision of creating a marketplace where most everything can be bought and sold with some moral exceptions. He didn't ordered hits on people.
Ok... I see a potential vulnerability here. If you know which users in a given ring are nodes, then you can deduce which one is the actual transaction. Am I right, or am I missing something?
This project will be one of the hits of this and subsequent years. After all, this platform simply has no analogues in the world, in the market of cryptocurrencies. Therefore, the reasonable ambitions of the team cause an excellent growth of fans of this project. Tokengo project will help to transfer your business to blockchain technology. We are waiting for everyone who is interested. ICO is active until April 30.
At first glance a thought that comes to mind is that there could be DOS vulnerability if someone wanted to slow down the network by posing ringCT transactions with no real inputs/output (all blue inputs with no “real” red one) especially since the transaction fees are fixed a motivated bad actor could create a lot of activity (as a portion of the block / whole blockchain capacity) without any real activity at all
