12:40:14 If I have no idea about how monero works where should I ask? 12:42:48 Is this place the right place or there is any youtube video? 12:43:22 "how monero works" is a bit too broad question 12:43:54 maybe read https://masteringmonero.com/book/Mastering%20Monero%20First%20Edition%20by%20SerHack%20and%20Monero%20Community.pdf first 12:46:52 Ok, I will narrow my question :) 12:47:10 I have few questions, let's see if you guys could help me. 12:48:05 1. Is monero a wallet? a coin? or a system to trasnfer money from A to B, for A & B to don't know about ach other? 12:50:48 It is a cryptorrency. Basically Bitoin with some flaws fixed, and some differences. A wallet allows one to interact with the monero blockchain to transfer to another wallet. 12:51:12 Your questions have basically hte same answers as in Bitcoin. 13:00:54 To be able to maintain the confidentiality of Monero.. what wallet do you recommend? Do you loose the cofidentiallity whn using the wallet? 13:05:26 I do not understnad your second question. In turn, I'm not sure what to say to the first. 13:05:40 But you can't go wrong by using monero-wallet-cli. 13:06:29 ok, so I open a monero-wallet-cli, and I can receive money from others in th shape of money coins? 13:11:50 Very roughly, yes. 13:12:18 Create a wallet, give your address (or a subaddress) to whoever you want to send you monero. 13:12:24 have you been to getmonero.org melissa? 13:13:02 yes, I'm in this chat because it looks this is the source of understanding 13:13:09 I'm new to crytos, wallets etc etc 13:14:01 I'm checking https://www.reddit.com/r/monero/wiki/avoid 13:14:23 It tells only to open wallets in mymonero.com? 13:16:47 That's a separate thing - mymonero is kind of a "web wallet" based on a third-party service. Unfortunately, there are many clone/scam sites of that service that will steal your coins if you accidentally use them instead of the real one 13:17:57 And they pick very similar names to prey on people who made a typo when entering the url of the website, and they pollute search results so you can end up on a fake clone if you're not careful 13:18:31 But if you are new to this, I would suggest sticking with the official wallets from getmonero.org 13:19:00 If you're new to also btcoin, then: 13:19:16 - the monero blockchain is a shared repository of transactions 13:19:37 - these transactions send money from A to B, but are encrypted 13:20:09 The monero blockchain is a record of all the transactions that are made using Monero. The "node" software will download a copy of the chain from other people and verify it, and the wallet software will allow you to scan the chain and look for transactions that belong to you 13:20:11 - a wallet is basically a secret key which allows you to encrypt new transactions, and decrypt transactions sent you you (close enough) 13:20:23 (And also make new transactions) 13:20:45 Thanks both, this is starting to make sense for me :) 13:20:48 - other people can verify no transaction creates money out of thin air, but cannot otherwise see where it's coming from, going to, or how much monero is moved 13:22:15 As suggested earlier, you might want to read "Mastering Monero" for a more thorough explanation of how things work and why 13:22:30 I guess you can see it like a large grid of letterboxes, without names, but numbers. People have a key to a letterbox (or several). They can tell others "send me money by putting cash in letterbox N". 13:23:00 Ok. So I open a wallet. I give my wallet address to a customer that wants to pay for a service and he dos need to have a monero wallet too, or he can pay using his debit card to my monero wallet? 13:23:07 There are no CCTV near the letterboxes, and the letterbox lobby can only fit one person so nobody spies on you seeing how much you put in which letterbox. 13:23:23 (or which letterbox you open to get money others sent you) 13:23:58 No, they cannot use a debit card directly because debit cards do not support Monero 13:24:01 A wallet is the equivalent of a key. 13:24:16 The customer will have their own Monero wallet 13:24:25 aha 13:24:27 creating a wallet = adding a new letterbox to the grid, for which you have the key. 13:24:27 ok 13:25:26 Is it difficult to create a wallet? Wht details do you need? Can you create a wallet from any place? For instance India? 13:25:40 and you can pay from India to UK? 13:25:53 No, it's very easy, and there are no restrictio 13:26:14 A wallet is basically a secret key. You roll 256 random bits, that makes you a new address. 13:26:14 You can generate as many wallets as you like, on however many devices you want, anywhere in the world 13:26:39 If you send monero to aonther wallet, whoever has the matching secret key now has the monero. 13:26:53 That's actually one of the main points: anyone can use the system 13:26:59 "has" here means "is able to add a transaction to the blockchain that makes use of that monero". 13:28:33 You can send money from anywhere to anyone, because the blockchain is shared globally and can be accessed from anywhere (provided you run the Monero software) 13:29:34 Umm, you guys make it really asy :) 13:29:36 Thanks 13:29:49 I think I will try tonight to open one 13:30:43 Then , once I have few coins if I want to use them, How can I use them? 13:31:18 The same way you would use "regular" money/cash 13:31:21 Is there Monero debt cards? Do I sell the moneros? 13:31:41 No debt cards 13:32:07 I suggest you start by using the testnet blockchain. It's not real monero so if you make a mistake you've not lost anything. 13:32:50 You can ask someone here to send you some (whoever runs a testnet currently). 13:33:17 Obtaining real monero will need you to use an exchange with fiat money most likely. 13:33:26 If you want to buy/sell Monero coins, there are plenty of exchanges and trading platforms. The popular recommendations are Kraken and localmonero.co 13:34:53 "using the testnet blockchain. It's not real monero so if you make a mistake you've not lost anything." good point thanks 13:35:36 "If you want to buy/sell Monero coins, there are plenty of exchanges and trading platforms. The popular recommendations are Kraken and localmonero.co" Thanks too 13:37:08 What fees apply if I receive or sell moneros? 13:37:59 Sending costs you... not much. Receiving costs nothing. 13:39:39 Sweet 13:39:57 Ok so thanks a lot for your help both, I will give a go toight 13:40:04 Is thre any limit of transactions? 13:40:20 Not any that'll be a problem for beginners. 13:40:46 The easiest one to hit is you can send to only 15 people at once. 13:41:31 If you have lots of outputs (similar to having lots of one penny coins), you can hit the max transaction size, but wallets auto split this in several transactions. 13:42:17 Let's say somebody wants to pay me 2000 pounds (I doubt it) hahahaha will that be a problem? 13:42:34 If they have that money, it's fine. 13:43:42 The amount limit is... something like... 18 million monero or something. 13:43:55 And nobody has as much :) 13:44:05 18 million monero wow sounds like a lot 13:44:30 Sure does. That's about the current total number of monero in existence. 13:44:53 Aha. Thanks for all the info, I'm going for lunch now, have a good evening 13:45:57 they grow up so quick nowerdays.. already fled the nest