Good morning dear friends!
Just awakened by the call and findout news that Monero is under attack.
I'm started looking on it now, and, well, i have 2 news! Good one and bad one!
Bad news is that Boolbery also have this flaw. (Like every Cryptonote).
Good news - that this attack need pretty long period of preparation, because to achive big amount of transactions per block attackers need to move median, it's a day or more. That means that even if i see that attack is starting i have enought time to update network with workaround rule, that won't let grow transactions count per block too much to fail.
Exactly that's why we have alerts feature - in case of emergency i could update network pretty quickly!
Zoidberg
so this means BBR is safe as long as you see the attack preparation? do you think you can fix the flaw before an attack could be implemented?
my understanding is this attack takes days
and so it can be detected
I have a feeling CZ will be able to fix the code so even with this attack, it just pushes the excess tx into the next block
James
DTS: before you start saying that my statement is disrespecting the XMR devs, plz dont. I just said what I thought CZ could do, nothing more nothing less.
ok load off my mind.. i both love and hate waking up to big drama
that bter hack took it out of me.
at least this seems like a relatively minor issue for BBR. with monero in the shitter and BBR looking safe.. there could be massive influx of money flowing from xmr to BBR..
i dont see why.
this could have hit BBR just as easily, so the fact it was XMR was just cuz XMR is a bigger target
its in the common code, it is a shared problem
If you look at the market price, you will see BBR suffered right along for this.
both coins suffer short term from the fact there was this bug, but it is one less vulnerability
also, this is more like the GLEFU in NXT, not really a money thing, annoying, a pain, but I dont think they even need to rollback
so like the GLEFU in a few days it is as if it never happened
James
I agree with James, I'm tired of the negativity generated by this back and forth attack fest. Like many have said the XMR and BBR should be on the same side. As you said this could have happened to any CryptoNote currency. I've seen similar comments about how this might effect duckNote currency. I'd rather look at it in a positive light, what it means is now I can invest in XMR, because most likely it will be going for cheap the next few days. I prefer BBR think it's the better coin, but this is still very early in the game. In the end it makes all CryptoNote currencies better, it just unfortunate that XMR got hurt by this. You could say that XMR made the ultimate sacrifice to make CryptoNote live up to its promise of creating a way to exchange funds privately. I for one think we need to be there for the XMR crowd, and be offering support not attacks, because as James said this could have been us or any other CryptoNote based coin.
