On the issue regarding Monero's upcoming fork to MoneroV.

lizardbtc

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Quote from: JuniAiko on April 13, 2018, 08:42:59 AM

A freecoin is a freecoin. I will take it..

As it goes for most people, they don't care about the privacy much, they care more about their coins and money. But please do note to transfer moveros coins to totally new address before claiming any forks, just security mesure.

Crypto_C12

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MoneroV (XMV) recently delivered an announcement promising they would open source their code, and take the necessary safeguards to minimize their impact on one aspect of Monero’s fungibility, ring signatures, if users decide to claim XMV.

https://btcmanager.com/28037-2/?utm_source=Twitter&utm_medium=socialpush&utm_campaign=SNAP

JuniAiko

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A freecoin is a freecoin. I will take it..

KondraT

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Quote from: JuniAiko on March 30, 2018, 03:46:07 AM

There is a concern by the Monero team that the fork can compromise the privacy of its user.
See: https://monero.stackexchange.com/questions/7608/what-is-monerov-and-how-is-it-different-than-monero

Privacy isn't an issue to me, since I am only investing into XMR as a speculative coin to hopefully make some profit to pay off my student debt when the cryptos market become bullish again! XD

But if it is such a big issue for them couldn't Monero consider making their code/network unforkable like how NEO do?
Perhaps MoneroV should consider a strategy to upgrade how the ring-signature work such that even if it is being forked, the privacy wouldn't become compromised? That would then put XMV a further step above Monero! Wink

And secondly, the MoneroV team should modify the code in such a way that replay attacks (e.g. sending coin in one network could trigger the sending of coins in the other, just like the problem BTC/BCH and ETH/ETC has) is avoided (perhaps by appending an additional character/indicator in front of the addresses sent out from the MoneroV network, like adding a V at the end of every address, etc).

I really hope this project will succeed, and I am looking forward to the lite-wallet where I do NOT have to download the whole blockchain!

XMR: 47V5Xx9YbFMccUuShaMebV6hSjeFVaEGJFAeW2P5Us58QYZEvS3sEVE8iY59pbpavCDhoqDEvnKhtjP escRgvqZW4cCC2kG

I think Nomerov is already on the banality like? Already have bitcoin and cash bitcoin, Ethereum and Ethereum Classic, and now the Montero and Montero V. Are people ended fantasy? Yes the basis is taken codes of Monero, Yes they have changed but there are similarities, but the idea translates into another idea, but with EA that changing the logo is one letter, people think that it is possible to make brand and you can make good money? I think that gradually all the crypto currency, which is similar to what we call it so "father" will be some good and will become a top blockchain in the whole cryptocurrency world. I think the name should be changed, but in General the idea of MoneroV good, and the developers have tried their best.

JuniAiko

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Also if MoneroV is to implement a built-in miner for their wallet, hopefully they could do something different from the other PoWs cryptos, where the payout is base on the work put in (i.e. total hashing power contributed) rather than finding a block. That way everyone is part of a single mega-pool where so long as you participate to contribute your CPU/GPU resources to securing the network, you will get a % of the pie. A further upgrade would be to disable GPU mining, and rely on a much wider number of people participating in low-hash rate CPU mining, so as to do away with any centralised entity talking over as a mining whale dominating the whole network.

XMR: 47V5Xx9YbFMccUuShaMebV6hSjeFVaEGJFAeW2P5Us58QYZEvS3sEVE8iY59pbpavCDhoqDEvnKhtjP escRgvqZW4cCC2kG

JuniAiko

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Activity: 126

Merit: 10

DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh

There is a concern by the Monero team that the fork can compromise the privacy of its user.
See: https://monero.stackexchange.com/questions/7608/what-is-monerov-and-how-is-it-different-than-monero

Privacy isn't an issue to me, since I am only investing into XMR as a speculative coin to hopefully make some profit to pay off my student debt when the cryptos market become bullish again! XD

But if it is such a big issue for them couldn't Monero consider making their code/network unforkable like how NEO do?
Perhaps MoneroV should consider a strategy to upgrade how the ring-signature work such that even if it is being forked, the privacy wouldn't become compromised? That would then put XMV a further step above Monero! Wink

And secondly, the MoneroV team should modify the code in such a way that replay attacks (e.g. sending coin in one network could trigger the sending of coins in the other, just like the problem BTC/BCH and ETH/ETC has) is avoided (perhaps by appending an additional character/indicator in front of the addresses sent out from the MoneroV network, like adding a V at the end of every address, etc).

I really hope this project will succeed, and I am looking forward to the lite-wallet where I do NOT have to download the whole blockchain!

XMR: 47V5Xx9YbFMccUuShaMebV6hSjeFVaEGJFAeW2P5Us58QYZEvS3sEVE8iY59pbpavCDhoqDEvnKhtjP escRgvqZW4cCC2kG

Topic: On the issue regarding Monero's upcoming fork to MoneroV. (Read 85 times)