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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1046. (Read 4671660 times)

hero member
Activity: 649
Merit: 500

Lol, this is the first time I've been called a shill.

I own some Bitcoin and Monero, never been in the Darkcoin forums, I'm what you could call a Monero supporter (look at my history if it helps). I think you assumed incorrect things about me.  

Hey,

don't let this scare you away. I don't know what happened there, but we usually are friendly guys (and gals ). Please ask more questions!

@everyone
In my view we should all try and answer everyone's questions in the most civil manner, even if the way those questions are asked comes across a little trollish. Because there are real people out there that are not geeks, nor even technically inclined, and that sincerely desire of understanding all of this. We, as in all the honest cryptopeople, can't afford to let all the scammers and trolls get under our skin.

Pax!
sr. member
Activity: 371
Merit: 250
Within a few years the entire MasterNode network can be controlled by a handful of operators

How many operators are there now?


Unknown, this lists 2119 MasterNodes but there's no way to tell if someone owns multiple MNs.

I hope you don't think im trolling you, its not my intend.
But you as a respected person, who seems to be here for a while, even with developer skills should know it better.

Yeah im a "DRK-Shill" or what you people like me to call.

But if i read such thinks, i realy have to think that you have not thought about it, or you don't care. - Both ways you should not talk about DRK. It will backfire to you and xmr in the end.

I know perhaps the argument that you cant tell if someone owns multiple masternodes is pro DRK, but i just wan't to correct you because its not right.
For the most you can't tell who owns them, and if its a single entity.

BUT sometimes you can, and its very easy to spot, and you should have spotted that, too!

Look the DRK-Blockchain, and just wait, from time to time you will see masternode profits cashed out, and because of people are lazy they do the cashout in just one transaction, so they bundle all the profits from there masternodes in one transaction. E voila you can be sure these masternodes are owened by the same person (at least the person has access to the private keys of all these masternodes - and as we all know - the one who owns the private key is the owner of the address.)

so and now hate me for posting in your thread sry
legendary
Activity: 1449
Merit: 1001
Within a few years the entire MasterNode network can be controlled by a handful of operators

How many operators are there now?


Unknown, this lists 2119 MasterNodes but there's no way to tell if someone owns multiple MNs.

Wow- So over 2 Million coins (1000 per node) are set aside and off market.
legendary
Activity: 1442
Merit: 1000
Antifragile
And so (once again) centralization breeds corruption.
Very intersting Fluffpony, thx for sharing.

Better to lay all the possibilities out there and they are many...
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
Within a few years the entire MasterNode network can be controlled by a handful of operators

How many operators are there now?


Unknown, this lists 2119 MasterNodes but there's no way to tell if someone owns multiple MNs.
legendary
Activity: 2968
Merit: 1198
Within a few years the entire MasterNode network can be controlled by a handful of operators

How many operators are there now?
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
Resources as in deep pockets. You have to buy a lot of DASH/DRK to secure a good percentage of the 2300 masternodes in operation (it's about $5k per masternode today), and you'll drive up the price almost surely. Then, while you attack the network as a nefarious masternode (presumably by analyzing traffic and exposing Dashsend mixes or perhaps trying to DDoS other masternodes to get more than your fair share of payments, etc.) you'll sacrifice your investment, if only for a while. To what end? Most likely, just to demonstrate a vulnerability. Since it's software that runs on a 2-tiered network, you'll just cripple the features provided by the second tier (Dashsend and Instant-X) while the Bitcoin-based blockchain keeps humming along. Meanwhile the developers fix the software and roll it out to the network, which typically reaches supermajority with the latest version within about 6 hours. Note that this has already happened a few times when masternode authentication and payment enforcement had some vulnerabilities that were corrected.  

So please, I relish the thought of someone doing this, because in the long run it will serve to harden the DASH network.  

The trick is not to sacrifice your investment.



So obviously you want to double your ROI, which means you have to take half of the MasterNodes out of commission. You don't want to take down all or even most of them, you just want the total number of MasterNodes reduces to 1000. So you do this through a variety of tactics:

1. Report US-based and/or US-owned MasterNodes to FinCEN, the FBI, and the SEC, assist them in shutting them down and seizing the coins held by their operators.

2. Repeatedly DDoS MasterNodes at a particular ISP / datacenter until they change their ToS to not allow MasterNodes.

3. Hack into a portion of the remaining MasterNodes and install a rootkit that watches for Darkcoin source code and modifies it when compiled (or just randomly crashes the daemon if they aren't compiling it themselves). This ensures that these daemons appear to be working to the operator, but they receive so few payments they may as well be offline.

This is all very surreptitious, because 1. looks like The Man has got it in for Darkcoin, 2. looks like the ISP is just being problematic, and 3. is mostly undetectable. You can keep doing this ad infinitum to keep half the MasterNodes offline, and nobody will realise what you're doing. It'll look like the sort of attacks the community expects to come, and they'll rationalise it for you by loudly claiming that 1000 MasterNodes is good enough.

At that stage, since you're earning so much you can begin to collude with a handful of other MasterNode holders to start attacking small blocks of the remaining 1000 MasterNodes, replacing them with nodes you control, so the number of MasterNodes doesn't drop below 1000. You can even setup sockpuppet accounts right now in preparation for this, so that there appears to be legitimacy to the ownership. Within a few years the entire MasterNode network can be controlled by a handful of operators who are profiteering from it. You can then relax on the beach whilst your paid staff reinforce propaganda that running a MasterNode is difficult and expensive, discouraging and attacking any new MN operators.
legendary
Activity: 2968
Merit: 1198
Reddit post about Adam Back's recent work to cut the (asymptotic) size of ring signatures in half:

http://www.reddit.com/r/Bitcoin/comments/301r4e/crypto_primitive_shorter_than_current_monero_ring/
legendary
Activity: 2282
Merit: 1050
Monero Core Team
I really don't get this argument. 2300 * 5k = $11.5 million. Woopity friggin doo.
That's a naive calculation. If you want to enter the market now to run 2300 masternodes, you simply cannot obtain 2.3 million coins on the open market. The money required to obtain a sizable fraction of the masternode network is exponentially higher than $11.5 million.

And don't bring the black helicopters into this. By your same 'drop in the bucket' argument, unlimited hashing power can be bought and manufactured. Therefore, Bitcoin mining (or the mining of any other crypto) can be owned by a sufficiently determined nation state. Once they control what's written into the blockchain, it's curtains.

It's patently obvious from history that governments are not keen on relinquishing the power of the purse. I doubt they will build the hashes to pwn Bitcoin, so TPTB will just keep changing the laws to tame the public's interest.



You don't buy the Darkcoins you borrow them.

Edit: Hint: The Dashing pirateat40.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
I really don't get this argument. 2300 * 5k = $11.5 million. Woopity friggin doo.
That's a naive calculation. If you want to enter the market now to run 2300 masternodes, you simply cannot obtain 2.3 million coins on the open market. The money required to obtain a sizable fraction of the masternode network is exponentially higher than $11.5 million.

And don't bring the black helicopters into this. By your same 'drop in the bucket' argument, unlimited hashing power can be bought and manufactured. Therefore, Bitcoin mining (or the mining of any other crypto) can be owned by a sufficiently determined nation state. Once they control what's written into the blockchain, it's curtains.

It's patently obvious from history that governments are not keen on relinquishing the power of the purse. I doubt they will build the hashes to pwn Bitcoin, so TPTB will just keep changing the laws to tame the public's interest.



LOL, why would you want to attack a public blockchain with permanent links? Bitcoin is good for surveillance.

*Also, pretty naive to think that governments would just buy nodes--intimidation, threats, ect, are all part of the bureaucratic arsenal. They got to Microsoft and other companies with billions in resources and you don't think they can get a node operator? The problem is having a system that has a human element, like masternode operators, that can leak information in the first place.
hero member
Activity: 826
Merit: 500
Can someone explain whether Peter Todd's concerns from the Reddit post a few days ago are valid? What is the plan as far as mixins go?

The plan for mixins was discussed here: https://getmonero.org/2015/02/23/monero-missive-for-the-week-of-2015-02-23.html Could you provide a link to the Reddit post?
This is the one I was referring to http://www.reddit.com/r/Bitcoin/comments/2zrdxz/withdrawals_halted_as_stolen_evolution_coins_make/cplofn1
legendary
Activity: 2282
Merit: 1050
Monero Core Team
Can someone explain whether Peter Todd's concerns from the Reddit post a few days ago are valid? What is the plan as far as mixins go?

The plan for mixins was discussed here: https://getmonero.org/2015/02/23/monero-missive-for-the-week-of-2015-02-23.html Could you provide a link to the Reddit post?
legendary
Activity: 1918
Merit: 1001
The only thing that DRK has that no other coin currently has is a cult following...
Nuff said.
hero member
Activity: 525
Merit: 500
I really don't get this argument. 2300 * 5k = $11.5 million. Woopity friggin doo.
That's a naive calculation. If you want to enter the market now to run 2300 masternodes, you simply cannot obtain 2.3 million coins on the open market. The money required to obtain a sizable fraction of the masternode network is exponentially higher than $11.5 million.

And don't bring the black helicopters into this. By your same 'drop in the bucket' argument, unlimited hashing power can be bought and manufactured. Therefore, Bitcoin mining (or the mining of any other crypto) can be owned by a sufficiently determined nation state. Once they control what's written into the blockchain, it's curtains.

It's patently obvious from history that governments are not keen on relinquishing the power of the purse. I doubt they will build the hashes to pwn Bitcoin, so TPTB will just keep changing the laws to tame the public's interest.

full member
Activity: 231
Merit: 100

I seriously doubt that he is really concerned, but if so then those papers are no good because they aren't independent.


If I was interested in some kind of attack like your puppets I would do it ..

Your puppets? Sorry I didn't follow that.

Quote
You probably not aware but I was mined your coin during the summer of 2014 with my farm and already hold some coins ..
I'll look over the documentation to see what are you already improved.

Ok then. We're certainly interested in your feedback on the reports. If you also are looking for code improvements and work in progress as opposed to review and analysis you should also check the extended github (the monero-project master and also the various developer and contributor forks).

The year-in-review thing might be helpful, though of course that only covers 2014



Smooth, are these all your Monero commits or are there more? https://github.com/iamsmooth/bitmonero/commits/master?author=iamsmooth



this guy really loves you smooth: https://twitter.com/BlockaFett/status/580102058365362177

Cheesy

Well, that's what he gets paid for.
legendary
Activity: 1232
Merit: 1011
Monero Evangelist
Can someone explain whether Peter Todd's concerns from the Reddit post a few days ago are valid? What is the plan as far as mixins go?
https://twitter.com/petertoddbtc/status/579092073875308545
sr. member
Activity: 350
Merit: 250
Aren't most of Darkcoin's MasterNodes running on Amazon servers?

http://www.zdnet.com/article/amazon-dot-com-the-tech-master-of-secrecy/



nothing with 2nd-tier or 3rd-party can be trusted over the Internet, thats what Bitcoin & Monero is all about.
full member
Activity: 201
Merit: 100
Aren't most of Darkcoin's MasterNodes running on Amazon servers?

http://www.zdnet.com/article/amazon-dot-com-the-tech-master-of-secrecy/

hero member
Activity: 826
Merit: 500
Can someone explain whether Peter Todd's concerns from the Reddit post a few days ago are valid? What is the plan as far as mixins go?

You have to first understand his concerns correctly. He said that you can decode mixes with the cooperation of the other mix members. How are you going to do that in practice? It an important concept to understanding in analyzing how mixes work, but it doesn't get you to anything like an exploit, deanonymizing, tracing, etc.

As far as our own analysis of mixing and plans for improvements you should review MRL-0001 and MRL-0004 at lab.getmonero.org.
Thanks
legendary
Activity: 2968
Merit: 1198

Irony dude.

Is there some Monaro-related topic you'd like to discuss here, or are you here just to post off-topic about who is or isn't posting on the darkcoin/dash thread?


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