Topic: Is Monero, Dash and all anon coins fucked? - page 5. (Read 8124 times)
It's something to be cautious about.
Purpose of any article/news/story is to make you believe in the content and make you flow with it.
But how many times have we seen such articles about btc/eth or any currency etc.
If you will see such stores about btc back in 2012/13/14 era, people will be shocked to see the negativity about it.
But all negativity carries some positive charge also.
But how many times have we seen such articles about btc/eth or any currency etc.
If you will see such stores about btc back in 2012/13/14 era, people will be shocked to see the negativity about it.
But all negativity carries some positive charge also.
The point is, if the headlines read "Bitmain steals Segwit coins!" rational people are not going to move into another Chinese coin.
He rebutted you:
Quote from: @AnonyMint
In further rebuttal of @sus_generis, as I have quoted from others who have explained that the likely first attack against BTC-SegWit is the slow difficulty readjustment of Bitcoin. Thus as BTC peaks then declines in price and then BCH rebounds in price, it will be much more profitable to mine BCH than BTC-SegWit. This in theory results in a spiral that collapses the price of BTC and drives the price of BCH up.
The theft of SegWit probably comes if ever, perhaps some months later, perhaps around the time of the November fork. Those who create the chaos profit by shorting everything and again you are trying to argue that all ASIC-mined blockchains will crater yet it was already explained to you that the lowest-cost miners remain just as profitable as they were before and continue to accumulate all the tokens for the next pump. And NEO is positioned with PoS to take that inflow that gets scared as shit of PoW with what is coming down the pike to discredit PoW. Maybe Vitalik will get his PoS crapola activated in time, but Ethereum is owned by the same TPTB behind the scenes who are the customers of Bitmain. Jihan is just the front man. The power brokers are unnamed as always.
Cryptocurrency as it stands now is a raping system. Bend over greater fools.
The theft of SegWit probably comes if ever, perhaps some months later, perhaps around the time of the November fork. Those who create the chaos profit by shorting everything and again you are trying to argue that all ASIC-mined blockchains will crater yet it was already explained to you that the lowest-cost miners remain just as profitable as they were before and continue to accumulate all the tokens for the next pump. And NEO is positioned with PoS to take that inflow that gets scared as shit of PoW with what is coming down the pike to discredit PoW. Maybe Vitalik will get his PoS crapola activated in time, but Ethereum is owned by the same TPTB behind the scenes who are the customers of Bitmain. Jihan is just the front man. The power brokers are unnamed as always.
Cryptocurrency as it stands now is a raping system. Bend over greater fools.
One article on Steemit and all alts are worthless? Few days ago i've withdrawn btc,thay have been confirmed after 4 houres than used dash,thay were in my accounts afer 5 min.If Seawitt will b not succesfoul yu will see how btc is fucked
I skimmed through the article and I believe it might be true. And yet this doesn't mean it's the end for these coins, just like you say. Firstly, not many people are going to trust this info and believe there are some unsolvable security problems with these coins. Secondly, other projects in which these coins will be involved will help to maintain the price. For instance, a chain of cafes in my country is planning to accept dash as a payment. This may lead people who have very limited understanding of cryptocurrencies and don't care about anonymity use it.
I like Zcoin.
What does the author mean when he says Tor is a honeypot too?
I know Tor was originally developed by the US Navy.
What does the author mean when he says Tor is a honeypot too?
I know Tor was originally developed by the US Navy.
Yes, montero is going down. Listen to Shelby, and everyone else. Sell all your xrm to them.
Like like I said with bcx, the only flaw with monero wrt to Shelby this time around is that he doesn't have enough in his pocket.
Like like I said with bcx, the only flaw with monero wrt to Shelby this time around is that he doesn't have enough in his pocket.
Is this for real or what??
Well written article. Monero has staying power, and even the author states it will likely be medium-term before Monero runs into issues. IMO, medium term isn't something to worry too much about
Hard to not see Monero having a place at the table when the dust has settled. It will be the derided as the sketchy/black-market coin, but that kind of thing will never go away
Don’t you see Bitmain creating alternatives such as Litecoin, Bitcoin Cash, and NEO? Jihan has all his balls in play to capture all the outflow and using relativity to extract our money from us.
Interesting that you exclude Ethereum, which would likely be the primary recipient of outflow in the event of such an attack. Currently POW, but with all the adderall that Vitalik is chugging, he's bound to jury rig something at least mostly functional. The point is, if the headlines read "Bitmain steals Segwit coins!" rational people are not going to move into another Chinese coin.
So they would throw away their money, destroy Bitcoin, and by doing so empower alternatives that don't use POW?
Can’t you read the link I provided to you?
Quote from: AnonyMint
…so let’s safely presume the miners are offloading their mined tokens as soon as the 600 block (~100 hours) holdback period is completed…
…
It was always assumed that miners had no incentive to destroy Bitcoin because of their hardware investment, but this doesn’t factor in that cratering the price mostly impacts only the marginal miners, because the network difficulty and hashrate adjusts down to the new lower price level. Those who have the control over the only two 14nm fabs in the world, thus remain profitable even with a cratered price. Add the conspiracy theory on top of that, which is TPTB which control those ASIC fabs have absolute power/control as their primary objective, not profit.
…
It was always assumed that miners had no incentive to destroy Bitcoin because of their hardware investment, but this doesn’t factor in that cratering the price mostly impacts only the marginal miners, because the network difficulty and hashrate adjusts down to the new lower price level. Those who have the control over the only two 14nm fabs in the world, thus remain profitable even with a cratered price. Add the conspiracy theory on top of that, which is TPTB which control those ASIC fabs have absolute power/control as their primary objective, not profit.
Don’t you see Bitmain creating alternatives such as Litecoin, Bitcoin Cash, and NEO? Jihan has all his balls in play to capture all the outflow and using relativity to extract our money from us.
You’re a simpleton thinker who doesn’t understand relativity and the Economics 101 concept of that supply meets demand at the marginal cost producer. Also you fail to understand who controls the only two ASIC fabs i in the world and what their objective is (not profit, but absolute power).
One article on Steemit and all alts are worthless? Few days ago i've withdrawn btc,thay have been confirmed after 4 houres than used dash,thay were in my accounts afer 5 min.If Seawitt will b not succesfoul yu will see how btc is fucked
For me I wouldn't that ways either because everything was now turned back to normal situations. Alts has a great help for many who participated om different campaigns as well and yet monero, dash or whatsoever I thinks it's so promising in the future.
One article on Steemit and all alts are worthless?
That Steemit article is not likely the cause of alts being down. Rather it is Bitcoin’s vertical move up that sucked money out of altcoins—perhaps temporarily.
I see you continue editing your posts:
P.S. If you need confirmation of that guy's separation from reality, read about the latest imaginary attack he came up with. Apparently, he thinks that miners would nuke the value of their own hardware to steal coins from Segwit transactions.
You’re a simpleton thinker who doesn’t understand relativity and the Economics 101 concept of that supply meets demand at the marginal cost producer. Also you fail to understand who controls the only two ASIC fabs i in the world and what their objective is (not profit, but absolute power).
All dead soon, with lightning et segwit... welcome to MimbleNimble, and welcome to bitcoin to 10K ( look at Grin )
Optional anonymity generally means your anonymity set is abysmal. There are some ZK type solutions for this, but those have other tradeoffs. You do realize that MimbleWimble provides more benefit to Monero than it does to Bitcoin right? Bitcoin will have a transparent base layer, with second layer privacy, while Monero will have a private base layer, and the exact same second layer privacy. So Monero will have its place.
Bitcoin will go to 10k, but you're delusional if you think altcoins are going away. Even in the case where altcoins offered absolutely no meaningful advantage over Bitcoin, there would still be altcoins, just because people like to gamble.
One article on Steemit and all alts are worthless? Few days ago i've withdrawn btc,thay have been confirmed after 4 houres than used dash,thay were in my accounts afer 5 min.If Seawitt will b not succesfoul yu will see how btc is fucked
All dead soon, with lightning et segwit... welcome to MimbleNimble, and welcome to bitcoin to 10K ( look at Grin )
It's sad but it's like that, all thes laboratories will disappear. Only one true king on the throne.
It's sad but it's like that, all thes laboratories will disappear. Only one true king on the throne.
I don't think Monero ever claimed to have a perfect system. I would be extremely skeptical of anyone who claims they do. At the end of the day, it's probably impossible to be totally private from a highly motivated adversary who has significant (state level) resources.
Anyone who has half a brain knows that all cryptocurrencies are highly experimental, and thus prone to failure. If anyone was lied to in 2015 or 2016, it was self delusion. I don't recall Fluffypony, Smooth, Arcticmine or any other high level Monero contributor ever making unrealistic guarantees. If anything, Monero is one of the best cryptocurrencies in regard to maintaining realistic expectations.
Anyone who has half a brain knows that all cryptocurrencies are highly experimental, and thus prone to failure. If anyone was lied to in 2015 or 2016, it was self delusion. I don't recall Fluffypony, Smooth, Arcticmine or any other high level Monero contributor ever making unrealistic guarantees. If anything, Monero is one of the best cryptocurrencies in regard to maintaining realistic expectations.
I'm a liar? Ok, I have great news for you then. Why not use your fake news Monerolink tool to win the bounty in this challenge: www.monerotrackingchallenge.com/
Please claim the prize.
Please claim the prize.
The vulnerabilities that @AnonyMint detailed requires a powerful adversary that is invested in mining.
Also he has called out Monero to do rigorous math on what level of mixins would be required to counter those vulnerabilities. Zooko-Wilcox has now concurred that he would like to see that work done.
So thus you guys go mix the hell out of 23 Easter eggs (perhaps you mixed them 1000 UTXO or more) and then claim that as refutation of anything, just goes to show what devious liars you are.
The monerolink (by Andrew Miller, a highly respected cryptographer) clearly shows that those who trusted Monero’s lies back in 2015 and 2016 are likely fucked. And now you pile on more lies.
Then he has the audacity to make grandiose claims on subjects which he does not fully comprehend.
You do not comprehend the subject matter, that is why you mistakenly think he does not comprehend.
Send your experts to debate him. He has been waiting. He refuted @smooth, @ArticMine, etc on Reddit.
Shitpost. Although the article does make valid points I'm surprised it was censored on reddit if that is true.
Monerolink only applies to very old transactions that intentionally turned off privacy by setting mixin to zero.
Liar. Readers click the monerolink and you can see for yourselves.
The "vulnerabilities" that blowhard detailed exist only in his head. For his vulnerabilities to work, an attacker would have to own over 80% of all outputs on the blockchain
Liar. That has already been refuted in the comment section where the MNL-001 research report was discussed and refuted by him.
Lying will not help you.
I'm a liar? Ok, I have great news for you then. Why not use your fake news Monerolink tool to win the bounty in this challenge: www.monerotrackingchallenge.com/
Please claim the prize.
It seems you're the only liar here. Most likely a shill hired by Zooko to promote his honeypot coin.
As to your comment about snobbishness, sorry, but the guy has no credentials, little or no relevant work in the field of cryptography, zero published papers, where's his credibility? Then he has the audacity to make grandiose claims on subjects which he does not fully comprehend. Thanks, but I'll take the word of the PhDs over some internet rando.
P.S. If you need confirmation of that guy's separation from reality, read about the latest imaginary attack he came up with. Apparently, he thinks that miners would nuke the value of their own hardware to steal coins from Segwit transactions. Coins which would immediately drop in value to zero. So is the attack theoretically possible? Yeah, on a testnet you can simulate it. But in the real world, the one that has rational actors and economic incentives, the attack will never transpire.
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