Topic: eMunie (Read 6629 times)

In a few years, everybody will have his own coin. All having a coin=no coins to trade.

I've had a general overlook at this and it seems like an interesting currency attempt. If it can deliver on what it says I'm interested in adding it to mcxNOW when it launches.

lol the guy who bases currency creation on gambling has arrived

ecoinomist, fuserleer has been online, is he going to respond to my fairly simple question here: http://forum.emunie.com/threads/how-do-hatchers-choose-transactions.194/ ?

lolol. (Also, if an AI is going to be controlling the economy somehow... isn't that a centralized control? Why even attempt the bitcoin model if you're going to have explicit controls like this?)

Don't be so silly Agent, artificial intelligence will detect and stop you.

The 1% who understand it could also abuse it to look like more than the rest of the 99%. Whatever metrics depend on it could be gamed for profit or just to break the system. It doesn't matter if 99% of the legitimate users don't understand how to game it, if the 1% can pretend to look like ten times the legitimate network.

How many times do I have to explain to your straight-forward-simple-thinking that even if you successfully pretend to be 99% of the network, the pure fact is that 99% of all EMU still belong to the rest 1% honest nodes, so your 99% of nodes effort went out of the window, it has no weight or hope on influencing anything. This is just pure and simple example, not taken into consideration about relationship between accounts, trading history, aged vs new EMU, hatcher's trust, etc. - the list goes on.


Yes, hilariously easy to exploit AND hilariously easy to discount!

I'm sorry, your criticism isn't anything new either, all of your wicked hacking ideas have already been asked and answered in our forum.

The 1% who understand it could also abuse it to look like more than the rest of the 99%. Whatever metrics depend on it could be gamed for profit or just to break the system. It doesn't matter if 99% of the legitimate users don't understand how to game it, if the 1% can pretend to look like ten times the legitimate network.

Are all of the pieces just as hilariously easy to exploit? This isn't promising at all.

Are all of the pieces just as hilariously easy to exploit? This isn't promising at all.

Using MAC address is just ONE of the many ways to collect stats on the network. It is not being used just by itself, its a very small piece of the puzzle.

Same thing, you don't even understand that it is used to determine supply/demand, nothing to do with your proiftability!

And as long as 99% of the people using eMunie don't know how to spoof Mac Addresses, your own tiny network counts towards nothing and it's not even tired to profitability, not sure how you can even profit by successfully spoofing mac addresses, as far I'm concerned.

Go ahead and cheat, but unless you manage to convince everyone else to do the same (which is not possible) your action literally has zero effect on manipulating the network.

I shall emphasize again:

As far as security concerned, none of my above 8 ideas suggested are in any way related to security!
And I never talked about security in this thread because I never claimed to understand how it works, so dump assumptions regarding security based on my posts can be totally ignored .

Economics is irrelevant.

I said MAC addresses are not transmitted, not can not. As in, it is not part of the TCP/IP protocol, as in, anyone with the slightest bit of networking background should realize that any "MAC address" received by a peer can not be verified as valid in any way, shape, or form other than it is a 6-byte string. Ergo, it is a completely meaningless metric. "Here are 1 billion 6-byte strings, award me lots of emunie pls"--"prove it"--"here are 1 billion 6-byte strings"...

I picked up on MAC addresses again and again because it is an easy one to poke holes in and show that you are not qualified to be making suggestions of this nature.

I shall go line by line quickly if you want:

1) Total balance of hatchers. -- Relies on a small, unpredictable subset of people who can collude, likely not even on purpose, to create more money for themselves. The basis of new money creation is one where hatchers are paid significantly more of the new money than the rest of the network as a reward for service. How hatchers come to be and how they acquire transactions and how they prove work are all completely unanswered questions, so there is little to do but grossly speculate on how those systems can be abused to put nefarious people in control of the hatchers and collude on purpose.
2-5) Are all essentially based on the "emugraph" concept which is likely unscalable to any reasonable degree (how much information must be kept, how often must this information be accessed, how is a consensus on what this information is reached, etc.) -- and again there is no information at all as to how it works so specific attacks can't be easily surmised at this point. But as I have already stated to your head which seems to be firmly planted in the sand--this will be easily manipulated in an open source protocol. If emunie is to remain closed source, it would be significantly more difficult to game (but far from impossible), but also completely untrustworthy.
6) Is irrelevant
7-8) Both rely on clients reporting honest information in a distributed network. It is a complete failure of design that ignores any notion of a sybil attack. It also somehow presumes that this information can be transmitted and agreed upon by a multitude of nodes who have no way of proving whatsoever that the information is reliable. It is ridiculously easy to game. No cost other than the small amount of time required to reverse engineer a very small part of the network protocol in the case of closed source, or compile in a few extra lines in open source.

Sigh, I don't know where your understanding level is at, read the article, MAC addresses are never going to be used for "Security" and stop making false security claim when you don't even understand a bit how it works.