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Monero: the secure, private, untraceable currency
r/Monero
Been observing r/darknet for many years as a means to track Moneros adoption.
It’s incredible how Monero has risen to the top as a money and people within the cryptocurrency market and legacy market are sleeping on this fact.
Anyone defending Bitcoin is either uneducated or lying for personal gain.
Monero is money supreme until proven otherwise.
Note: More complete work was done by u\ph4r05 here
Ran across an XMR Trezor user that was frustrated at the lack of account verification utilities for that environment. Across the entire CryptoCurrency spectrum, the lion's share of marketcap is using the secp256k1
elliptic curve, but Monero is using the ed25519
curve. This is fine, but it creates some challenges when using some of the broader BIPs (aka Bitcoin Standards).
In this vein, many multi-coin wallets will use something called BIP39 which is similar, but different, from the 25 word Monero mnemonics. Often this BIP39 mnemonic is used to derive many different coins using BIP44. This is where things derail since BIP44 relies on BIP32 and cannot be computed on the ed25519
curve.
Well every wallet chose to solve this problem independently. Trezor proposed a new standard called SLIP10 to do BIP44 type operations for coins that did not use secp256k1
. Problem is, there are very few utilities I've found that will do SLIP10 derivations.
This makes losing a Trezor with Monero rather maddening since the only way to recover the derivation is to buy another Trezor. With other coins there are a host of recovery tools that will break your seed for you such as Ian's BIP39 tool, but which doesn't support SLIP10
To help elevate this problem, I ported some of the old Python2 code in the SLIP10 spec to work with Python3 as well as incorporating the monero
python library. As always you should assume that I'm a thief working for a state agency intent on stealing your coins. This code would break your seed and should not be used, but rather referenced. But for those wanting a modern reference here's the code:
For the curious, the way Trezor does the derivations is as follows.
BIP39 Mnemonic and passphrase is used to generate a BIP39 Seed
SLIP10 Derivation is used over
ed25519
to generate a child keySLIP10 child-key is your "standard" Monero key and produces a Monero mnemonic
Given the success of the previous MAAMs (see here), let's keep this rolling.
The principle is simple: ask anything you'd like to know about Monero, especially the dumb questions that you've been keeping for you every other days, may the community clarify it all!
Finally, credits to binaryFate for starting the concept!
THIS WEEK ON MONERO TALK w/ u/chowbungaman: Crypto Law Prof J.W. Verret on Zcash, Monero & Privacy Coin Regulations
Watch Here: https://youtu.be/ujPpS_LI27s Watch Here: https://odysee.com/@MoneroTalk:8/j.w.-verret-on-zcash%2C-monero-privacy:1 Listen Here: https://www.monerotalk.live/j-w-verret-on-zcash-monero-privacy-coin-regulations
Do you love coffee and Monero as much as we do? Pay with Monero for premium fresh beans and if you like what you taste, send a digital cash tip directly To the Guatemalan farmers that made it possible. Proceeds help us grow this channel, Gratuitas and Monero!
Special thanks to our sponsors, u/cakewallet, r/stealthas well as u/sunchakr for making these interviews possible! And of course our listeners and supporters for making Monero Talk possible!
Listen to all the podcasts here: iTunes: https://podcasts.apple.com/us/podcast/monero-talk/id1445930212 Spotify: https://open.spotify.com/show/60lQ05X8lcuXv71fhi6hl7?si=SL2rlvDPS0q68169NlCrtQ Stitcher: https://www.stitcher.com/podcast/monero-talk?refid=stpr
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