[ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 165.

petr87

newbie

Activity: 54

Merit: 0

Quote from: CyraxMax on January 01, 2018, 12:18:43 PM

Quote from: percocet on January 01, 2018, 06:47:34 AM

To all newcomers to Raiblocks

If you are new to Bitcointalk you may not realize how things work around here. Ask yourself this - why would someone who states that Raiblocks is crap/a pump and dump/full of flaws, etc. keep coming on here posting the same thing over and over again even though it has already been addressed numerous times before? Because they care about noobs and want to protect them from the big bad Raiblocks dev stealing their money? LOL, I think not.

There are 3 reasons for these FUD (Fear, Uncertainty, Doubt) posts:

1) Usually the person posting the FUD is actually holding the coin they are bashing - they make negative posts in an attempt to drive down the price so they can buy more.

2) They may also be holding a competing coin (IOTA for example) and they are angry that another coin has taken the spotlight away from them. You can spot people in this group as they will often have a signature advertising another coin or they will shill it directly in their post.

3) Pure saltiness. This forum has really gone downhill over the years and it is now filled with desperate, salty children who are angry that they missed the boat.

The world is full of toxic people who cannot accomplish anything on their own so they try to make themselves feel better by attacking other people's accomplishments. Ignore them and DO YOUR OWN RESEARCH!

CyraxMax

member

Activity: 139

Merit: 10

Quote from: percocet on January 01, 2018, 06:47:34 AM

To all newcomers to Raiblocks

If you are new to Bitcointalk you may not realize how things work around here. Ask yourself this - why would someone who states that Raiblocks is crap/a pump and dump/full of flaws, etc. keep coming on here posting the same thing over and over again even though it has already been addressed numerous times before? Because they care about noobs and want to protect them from the big bad Raiblocks dev stealing their money? LOL, I think not.

There are 3 reasons for these FUD (Fear, Uncertainty, Doubt) posts:

1) Usually the person posting the FUD is actually holding the coin they are bashing - they make negative posts in an attempt to drive down the price so they can buy more.

2) They may also be holding a competing coin (IOTA for example) and they are angry that another coin has taken the spotlight away from them. You can spot people in this group as they will often have a signature advertising another coin or they will shill it directly in their post.

3) Pure saltiness. This forum has really gone downhill over the years and it is now filled with desperate, salty children who are angry that they missed the boat.

The world is full of toxic people who cannot accomplish anything on their own so they try to make themselves feel better by attacking other people's accomplishments. Ignore them and DO YOUR OWN RESEARCH!

fracas

full member

Activity: 392

Merit: 100

$Profile photo of fracas$

Multiversum

Quote from: xibeijan on January 01, 2018, 12:03:14 PM

Quote from: cr1pton00b on January 01, 2018, 11:56:07 AM

Actually it took me a single read of the paper and some reading in the source code to notice the flaw. Some people in the development section of discord proposed to store a trusted set of nodes hardcoded in the client. This makes the voting system useless, since you need the approval of only the trusted nodes. I repeat, this is just bitcoin without the bitcoin secure algorithm, you are believing in a false god.

Percocet and Cyra, i bet you are one of those few people who own more than 1M coins and could potentially ezploit the network : >

+1 XRB isn't decentralized and can join the ranks of the USD and Ripple.

True story. Trusting representatives is the same as trusting central banksters.

Moreover it has been premined 100% and for most given to developers\creators (with coin burn they have an absolute power) and the part not given to few people was given trough flawed-hacked faucets (thousands of videos on youtube proving working BOTs\hacks to obtain XRBs) that all pointed to the same 4-5 addresses (so oligarchy at its worst).

Quote from: cr1pton00b on January 01, 2018, 11:56:07 AM

Actually it took me a single read of the paper and some reading in the source code to notice the flaw. Some people in the development section of discord proposed to store a trusted set of nodes hardcoded in the client. This makes the voting system useless, since you need the approval of only the trusted nodes. I repeat, this is just bitcoin without the bitcoin secure algorithm, you are believing in a false god.

Percocet and Cyra, i bet you are one of those few people who own more than 1M coins and could potentially ezploit the network : >

People doesn't care about reality, for example the fact that this coin is here since years and not a single serious exchange noticed its potentiality (not existent because of the lack in security) and the only one who did (Cryptopia, not serious anyway) delisted it after just few weeks of trading.

They couldn't code a decent wallet, neither website, they had the worst budget-bugged exchange (after years of trading they hadn't noticed the flaws or they used it maybe). Many people have become rich, sure, but that's all.

It seems this is the time of not serious coins, like Verge and this.

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: cr1pton00b on January 01, 2018, 11:56:07 AM

Actually it took me a single read of the paper and some reading in the source code to notice the flaw. Some people in the development section of discord proposed to store a trusted set of nodes hardcoded in the client. This makes the voting system useless, since you need the approval of only the trusted nodes. I repeat, this is just bitcoin without the bitcoin secure algorithm, you are believing in a false god.

Percocet and Cyra, i bet you are one of those few people who own more than 1M coins and could potentially ezploit the network : >

+1 XRB isn't decentralized and can join the ranks of the USD and Ripple.

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: percocet on January 01, 2018, 10:22:51 AM

Quote from: xibeijan on January 01, 2018, 10:15:13 AM

Quote from: kynaz on January 01, 2018, 10:08:34 AM

XRB is the most worthy investment altcoin at the moment because I am sure the XRB will soon be listed on Binance and I am keeping a lot of XRB from 6 months ago. I hope the XRB could soon reach $ 50 in 2018 because big investors are very interested in this altcoin

You are dreaming. Here we have a thread where gmaxwell and other inveterate cryptocurrency developers point out that XRB in inherently insecure. https://bitcointalksearch.org/topic/block-lattice-1219264 These problems cannot be ignored and no serious exchange can list a coin like this (suicide).

You better let Kucoin and Binance know your findings since they are about to list XRB. Hopefully your garbage dumpster still has internet access.

These are not serious exchanges.

cr1pton00b

newbie

Activity: 12

Merit: 0

Actually it took me a single read of the paper and some reading in the source code to notice the flaw. Some people in the development section of discord proposed to store a trusted set of nodes hardcoded in the client. This makes the voting system useless, since you need the approval of only the trusted nodes. I repeat, this is just bitcoin without the bitcoin secure algorithm, you are believing in a false god.

Percocet and Cyra, i bet you are one of those few people who own more than 1M coins and could potentially ezploit the network : >

percocet

full member

Activity: 222

Merit: 102

Quote from: ex-nihilo on January 01, 2018, 10:57:26 AM

Quote from: cr1pton00b on December 31, 2017, 07:37:54 PM

Why RaiBlocks is not secure.

[...]
5. The Man in the Middle attack.

If an attacker succeeds to put himself between a merchant and the RaiBlocks network he can just filter the double spending payment packets, and the merchant will never know that he is receiving a double spending. The Raiblocks network will discard that payment while the merchant will accept it.

[...]

This kind of FUD can be done to every cryptocurrency. So once and for all :
Every cryptocurrency, every online bank is vulnerable to Mitm attacks, if such attack successfully happens.
Example for bitcoin: If a hacker successfully performs a Mitm attack between a buyer and seller, he can just give to the buyer his own bitcoin address instead of the seller's. End of the story. And there are a myriad of more sophisticated attacks depending on whether you have a temporary or persistant Mitm attack.
Fortunately, Mitm attacks (over ssh) are rare, difficult and simply not accessible to the vast majority. They can still happen though and countermeasures (such as ssl pinning) are outside of the scope of crypto currencies underlying technology.
Basically if you are afraid of Mitm attacks, don't open a bank account, don't use any crypto currency, or better, don't use internet (or LANs) and make payments only in cash.

This is 100% correct. It is a common FUD technique to state extreme "edge cases" like they are common occurrences so you have posts like "this coin is not secure - all an attacker has to do is gain control of the majority of the voting delegates". LMFAO

If it is so easy, why hasn't it happened yet? It would be much easier for this kind of attack to occur early on in a coin's life before more nodes come online. Raiblocks has been running for over 2 years straight - why hasn't anyone exploited these "flaws" yet?

Because the time, money and resources required to do so make it impossible.

Imagine you are storing money in one of those Swiss vaults deep inside a mountain. The idiots on this thread trying to scare people with their FUD would make an argument such as:

"Your money is at great risk! All someone has to do is pay off every single guard inside the mountain, circumvent the alarm system and walk straight out the door with your funds". Their arguments are laughable. In fact, they aren't even arguments at all, they are just straight up talking out their asses Grin

CyraxMax

member

Activity: 139

Merit: 10

Quote from: XCNP on January 01, 2018, 11:00:11 AM

I also saw many people are referring XRB as recommendation for this new year. I was watching the last few days performance it went just sky rockets within days. This is first time I am here and will start reading what is all about in previous pages to understand the basics of this coin.

Quote from: percocet on January 01, 2018, 06:47:34 AM

To all newcomers to Raiblocks

If you are new to Bitcointalk you may not realize how things work around here. Ask yourself this - why would someone who states that Raiblocks is crap/a pump and dump/full of flaws, etc. keep coming on here posting the same thing over and over again even though it has already been addressed numerous times before? Because they care about noobs and want to protect them from the big bad Raiblocks dev stealing their money? LOL, I think not.

There are 3 reasons for these FUD (Fear, Uncertainty, Doubt) posts:

1) Usually the person posting the FUD is actually holding the coin they are bashing - they make negative posts in an attempt to drive down the price so they can buy more.

2) They may also be holding a competing coin (IOTA for example) and they are angry that another coin has taken the spotlight away from them. You can spot people in this group as they will often have a signature advertising another coin or they will shill it directly in their post.

3) Pure saltiness. This forum has really gone downhill over the years and it is now filled with desperate, salty children who are angry that they missed the boat.

The world is full of toxic people who cannot accomplish anything on their own so they try to make themselves feel better by attacking other people's accomplishments. Ignore them and DO YOUR OWN RESEARCH!

start with the above.

Cryptagoras

newbie

Activity: 9

Merit: 0

Quote from: XCNP on January 01, 2018, 11:00:11 AM

I also saw many people are referring XRB as recommendation for this new year. I was watching the last few days performance it went just sky rockets within days. This is first time I am here and will start reading what is all about in previous pages to understand the basics of this coin.

XRB is very good coin Wink

Looking to see where it goes.

petr87

newbie

Activity: 54

Merit: 0

Quote from: fracas on January 01, 2018, 10:41:37 AM

Quote from: percocet on January 01, 2018, 10:22:51 AM

Quote from: xibeijan on January 01, 2018, 10:15:13 AM

Quote from: kynaz on January 01, 2018, 10:08:34 AM

XRB is the most worthy investment altcoin at the moment because I am sure the XRB will soon be listed on Binance and I am keeping a lot of XRB from 6 months ago. I hope the XRB could soon reach $ 50 in 2018 because big investors are very interested in this altcoin

You are dreaming. Here we have a thread where gmaxwell and other inveterate cryptocurrency developers point out that XRB in inherently insecure. https://bitcointalksearch.org/topic/block-lattice-1219264 These problems cannot be ignored and no serious exchange can list a coin like this (suicide).

You better let Kucoin and Binance know your findings since they are about to list XRB. Hopefully your garbage dumpster still has internet access.

It will be very funny when Kucoin and Binance collapse in result of adding $XRB.

Quickly save the Binance from the collapse. They do not know about the vulnerability. Only you can save them from collapse Grin

XCNP

sr. member

Activity: 728

Merit: 250

I also saw many people are referring XRB as recommendation for this new year. I was watching the last few days performance it went just sky rockets within days. This is first time I am here and will start reading what is all about in previous pages to understand the basics of this coin.

TalRasha

newbie

Activity: 48

Merit: 0

Quote from: xibeijan on January 01, 2018, 10:15:13 AM

Quote from: kynaz on January 01, 2018, 10:08:34 AM

XRB is the most worthy investment altcoin at the moment because I am sure the XRB will soon be listed on Binance and I am keeping a lot of XRB from 6 months ago. I hope the XRB could soon reach $ 50 in 2018 because big investors are very interested in this altcoin

You are dreaming. Here we have a thread where gmaxwell and other inveterate cryptocurrency developers point out that XRB in inherently insecure. https://bitcointalksearch.org/topic/block-lattice-1219264 These problems cannot be ignored and no serious exchange can list a coin like this (suicide).

So why would Binance even list XRB for voting Huh

If they didnt consider XRB viable for listing, they would not put them on the voting list right?

So looks like Binance is not considering XRB insecure...

ex-nihilo

newbie

Activity: 12

Merit: 0

Quote from: cr1pton00b on December 31, 2017, 07:37:54 PM

Why RaiBlocks is not secure.

[...]
5. The Man in the Middle attack.

If an attacker succeeds to put himself between a merchant and the RaiBlocks network he can just filter the double spending payment packets, and the merchant will never know that he is receiving a double spending. The Raiblocks network will discard that payment while the merchant will accept it.

https://s18.postimg.org/7pnm6yweh/doublespend.png
[...]

This kind of FUD can be done to every cryptocurrency. So once and for all :
Every cryptocurrency, every online bank is vulnerable to Mitm attacks, if such attack successfully happens.
Example for bitcoin: If a hacker successfully performs a Mitm attack between a buyer and seller, he can just give to the buyer his own bitcoin address instead of the seller's. End of the story. And there are a myriad of more sophisticated attacks depending on whether you have a temporary or persistant Mitm attack.
Fortunately, Mitm attacks (over ssh) are rare, difficult and simply not accessible to the vast majority. They can still happen though and countermeasures (such as ssl pinning) are outside of the scope of crypto currencies underlying technology.
Basically if you are afraid of Mitm attacks, don't open a bank account, don't use any crypto currency, or better, don't use internet (or LANs) and make payments only in cash.

nkarm1

full member

Activity: 306

Merit: 100

Quote from: fracas on January 01, 2018, 10:42:59 AM

Quote from: nkarm1 on January 01, 2018, 10:41:15 AM

I'm dying with regret AF. I didn't expected RaiBlocks will grow up like this. Back @ 2016 I was selling thousands of this coins for only less than 1000sats ( check my sent trust and recent posts ) and now it worths almost $25! Didn't expect all of this, because right then before dev sucks, community sucks, wallet sucks! But now. WTH. Now I only got 600 XRB and it's killing me with regrets for selling almost 80k XRB for cheap price. Cry

ROTFL but it is still like that: it's the same. You forgot exchange sucks (worst ever). The only thing different now is that whales are having fun.

Indeed they are. Obviously all of the exchanges are controlled by them. We need a high volume exchange to lessen their control.

CyraxMax

member

Activity: 139

Merit: 10

Quote from: fracas on January 01, 2018, 10:41:37 AM

Quote from: percocet on January 01, 2018, 10:22:51 AM

Quote from: xibeijan on January 01, 2018, 10:15:13 AM

Quote from: kynaz on January 01, 2018, 10:08:34 AM

XRB is the most worthy investment altcoin at the moment because I am sure the XRB will soon be listed on Binance and I am keeping a lot of XRB from 6 months ago. I hope the XRB could soon reach $ 50 in 2018 because big investors are very interested in this altcoin

You are dreaming. Here we have a thread where gmaxwell and other inveterate cryptocurrency developers point out that XRB in inherently insecure. https://bitcointalksearch.org/topic/block-lattice-1219264 These problems cannot be ignored and no serious exchange can list a coin like this (suicide).

You better let Kucoin and Binance know your findings since they are about to list XRB. Hopefully your garbage dumpster still has internet access.

It will be very funny when Kucoin and Binance collapse in result of adding $XRB.

This thread is pure comedy Cheesy

fracas

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Activity: 392

Merit: 100

$Profile photo of fracas$

Multiversum

Quote from: nkarm1 on January 01, 2018, 10:41:15 AM

I'm dying with regret AF. I didn't expected RaiBlocks will grow up like this. Back @ 2016 I was selling thousands of this coins for only less than 1000sats ( check my sent trust and recent posts ) and now it worths almost $25! Didn't expect all of this, because right then before dev sucks, community sucks, wallet sucks! But now. WTH. Now I only got 600 XRB and it's killing me with regrets for selling almost 80k XRB for cheap price. Cry

ROTFL but it is still like that: it's the same. You forgot exchange sucks (worst ever). The only thing different now is that whales are having fun.

fracas

full member

Activity: 392

Merit: 100

$Profile photo of fracas$

Multiversum

Quote from: percocet on January 01, 2018, 10:22:51 AM

Quote from: xibeijan on January 01, 2018, 10:15:13 AM

Quote from: kynaz on January 01, 2018, 10:08:34 AM

XRB is the most worthy investment altcoin at the moment because I am sure the XRB will soon be listed on Binance and I am keeping a lot of XRB from 6 months ago. I hope the XRB could soon reach $ 50 in 2018 because big investors are very interested in this altcoin

You are dreaming. Here we have a thread where gmaxwell and other inveterate cryptocurrency developers point out that XRB in inherently insecure. https://bitcointalksearch.org/topic/block-lattice-1219264 These problems cannot be ignored and no serious exchange can list a coin like this (suicide).

You better let Kucoin and Binance know your findings since they are about to list XRB. Hopefully your garbage dumpster still has internet access.

It will be very funny when Kucoin and Binance collapse in result of adding $XRB.

nkarm1

full member

Activity: 306

Merit: 100

I'm dying with regret AF. I didn't expected RaiBlocks will grow up like this. Back @ 2016 I was selling thousands of this coins for only less than 1000sats ( check my sent trust and recent posts ) and now it worths almost $25! Didn't expect all of this, because right then before dev sucks, community sucks, wallet sucks! But now. WTH. Now I only got 600 XRB and it's killing me with regrets for selling almost 80k XRB for cheap price. Cry

oleksii777

sr. member

Activity: 560

Merit: 256

The coin is very interesting and promising, the acquaintance took 6000 coins, a year ago, now he is shocked that so the coin has grown in price. That means a good investment!
----------

Quote from: kynaz on January 01, 2018, 10:08:34 AM

XRB is the most worthy investment altcoin at the moment because I am sure the XRB will soon be listed on Binance and I am keeping a lot of XRB from 6 months ago. I hope the XRB could soon reach $ 50 in 2018 because big investors are very interested in this altcoin

percocet

full member

Activity: 222

Merit: 102

Quote from: xibeijan on January 01, 2018, 10:15:13 AM

Quote from: kynaz on January 01, 2018, 10:08:34 AM

XRB is the most worthy investment altcoin at the moment because I am sure the XRB will soon be listed on Binance and I am keeping a lot of XRB from 6 months ago. I hope the XRB could soon reach $ 50 in 2018 because big investors are very interested in this altcoin

You are dreaming. Here we have a thread where gmaxwell and other inveterate cryptocurrency developers point out that XRB in inherently insecure. https://bitcointalksearch.org/topic/block-lattice-1219264 These problems cannot be ignored and no serious exchange can list a coin like this (suicide).

You better let Kucoin and Binance know your findings since they are about to list XRB. Hopefully your garbage dumpster still has internet access.

Topic: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 165. (Read 775179 times)