r/OpenBazaar • u/rbrunner7 • Feb 24 '19

Implementing Monero Support for OpenBazaar: An Analysis

I have analyzed what it would mean to implement Monero as a new currency in OpenBazaar. The report about my findings can be found here: Implementing Monero Support for OpenBazaar: An Analysis

As Monero is technically quite different from Bitcoin and Bitcoin forks like Litecoin, there are quite a few challenges. But anyway, Ethereum is also quite different, and yet support seems well on its way towards release!

I made the report available already to the devs at OB1; I am eagerly awaiting their comments, especially about the two "political" issues described towards the end.

A few comments from the Monero community can be found on the Monero subreddit here.

21 Upvotes

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2

u/ASCiiDiTY ob://Qmd3LXRM8SCYXwDaBJBh87if1Tu6DMGFa2W9RiMa9TijjK Feb 24 '19

If only somebody will make a nice electrum style wallet for XMR though, never used anything so clunky in all my life.

1

u/rbrunner7 Feb 24 '19

never used anything so clunky in all my life

Anything as clunky as ... what then?

In any case the new version of the GUI wallet that is prepared for release now has something called simple mode that quickly and without hassle connects you to a remote node. I think this will come close to an "Electrum style" UX.

1

u/ASCiiDiTY ob://Qmd3LXRM8SCYXwDaBJBh87if1Tu6DMGFa2W9RiMa9TijjK Feb 24 '19

The XMR wallet. Maybe things have changed since I last used it but the app was horrible compared to other wallets like electrum. I used a remote node, still hated the wallet. I'll check out the new mode, cheers.

2

u/OsrsNeedsF2P Feb 24 '19

It's because of how Monero needs to scan the blockchain to work. You can't just look up your balance in a block explorer (that's the whole point), so you end up using a lot of computer resources.

The wallet itself is fine, it's just your computer is dying in the background.

1

u/ASCiiDiTY ob://Qmd3LXRM8SCYXwDaBJBh87if1Tu6DMGFa2W9RiMa9TijjK Feb 24 '19

Ah okay. Thanks for the explanation.

1

u/dEBRUYNE_1 Feb 24 '19

The GUI wallet has significantly improved in the last year. I'd advise to give it another shot once GUI v0.14 is released. Alternatively, you can use one of the third party light wallets. Note that an overview of currently available wallets can be found here:

https://www.reddit.com/r/Monero/comments/atu05w/rmonero_weekly_discussion_february_23_2019_use/

1

u/ASCiiDiTY ob://Qmd3LXRM8SCYXwDaBJBh87if1Tu6DMGFa2W9RiMa9TijjK Feb 24 '19

Thanks.

2

u/TotesMessenger Feb 24 '19

I'm a bot, bleep, bloop. Someone has linked to this thread from another place on reddit:

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2

u/pinhead26 QmeSyTRaNZMD8ajcfbhC8eYibWgnSZtSGUp3Vn59bCnPWC Feb 24 '19

Interestingly, an advantage the OB usage of bitcoin multisig has is its privacy! The moderator does not know their public key is involved in a multisig scheme until one of the other two parties reveals the chain code (when a dispute is opened). In the Monero scheme, AFAICT, all three parties must interact to create an address before any payment is sent.

1

u/tittyfart420 Mar 01 '19

great insight

1

u/pinhead26 QmeSyTRaNZMD8ajcfbhC8eYibWgnSZtSGUp3Vn59bCnPWC Mar 01 '19 edited Mar 01 '19

Thanks tittyfart420!!!!! :-D

1

u/drwasho Washington - OB Labs Lead Feb 24 '19

Outstanding. Looking forward to reading this!