Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 120. (Read 4671114 times)

According to your link, situation is strange as well funny. The bug you mentioned is not classic critical bug. It looks like a small transient bug appeared on a short time period, possibly due to protocol changes (hint: simple x10 amounts). Monero devs seem to be correct - they emphasize in the reply to Livecoin, one MUST NOT ignore software updates.

Another funny thing is that the bug appeared around April 6 hard fork, the article mentioned some Monero online web block explorers stopped to update the block height. How could Livecoin omit the whole hard fork?..

Sure, if the bug were critical, MOST of exchanges should be affected. But they aren't. So, make your own conclusions about Livecoin.

Just to add: if a bug is CRITICAL, devs should NOT broadcast it BEFORE FIX to the whole Internet as Livecoin considers.

Additional article from that site says Monero devs did fix several vulnerabilities during HackerOne event very quickly:
https://forklog.com/v-kode-kriptovalyuty-monero-obnaruzheno-neskolko-uyazvimostej/

those days are finally over I think.  Thank god, only the fools that still can;t smell the coffee would attempt the mega fkn new fork with evangelical dev routine now. Gone. Like Cryptsy and Mintpal and bobsurplus......

Thanks Monero Diamond is the new silver to Diamonds gold!!one!!1!

Monero Diamond is completely irrelevant and nobody of value cares about it.


Currently Monero hard forks every 6 months to include new features.

Good day. Please tell me if the XMD (monero diamond) project is relevant to you and will you have hard forks?

livecoin.net clarified the situation, which I don't like and disagree.
but I don't want to swear until I hear a version of the conflict from the developers Monero.

I have already begun to withdraw Monero from the exchange through another currency, but I try with a profitable rate for self.

They still have Monero listed on the exchange. So to me s strange to have it but no withdrawals for half year. Are you sure that is the case?

Man. Whatever Monero you have on that exchange is your Monero. You should demand it from them. If I would be you would just exchange your Monero into Bitcoin and withdraw the hell out of there. And never look back. It is not your fault for their mistakes. Why are you trading on such shitty exchanges?

The Goose and Its Golden Egg!... He wanted all the golden eggs at the same time. So, he took a knife and cut the goose but found only one egg inside it. Thus the greedy farmer lost both the goose and golden eggs and became poor again.
Moral of the story -Don't make the mistake as the farmer..

the vulnerability was that due to a bug in the Monero code was credited 100 times more than pending

details can be read here (on russian only):
forklog.com/kriptobirzha-livecoin-poteryala-svyshe-1-8-mln-iz-za-uyazvimosti-v-kode-monero

I thought it was decentralised.

If its centralised then they can do a haircut for everyone.

I agree.

It sucks that they lost money, but it is LiveCoin's responsibility to compensate users that lost funds, not anybody the Monero Core Team or anyone else. Site funds should have been held in a cold wallet to prevent things like this from happening.

ROTFLMFAO!!! They got double spent because they cannot do their own checks.

tough shit, they got caught in a bug.

There is no Premine to save them.

If you are waiting for them to get coins from no-where then you are SOL.

Maybe they should learn OpSec before opening an exchange.

find more information about this situation:
in luly 2018, the livecoin.net lost $ 1.8 million due to the vulnerability in the monero code.
after they froze the withdrawal, as I understand, until the issue of compensation is resolved.

I would like to hear developers Monero, about this situation.

There is no reason why they should not send you your coins.   

Monero is good for developing and investing.I also see that MOnero has a lot of support because Monero is widely available in the market, including Binance and Bithumb.

Monero is the only 100% trustless anonymous currency. It relies on Cryptonote algo that has nearly 20 years of scientific research published in peer-reviewed mathematical journals. Cryptonote is stable, mature technology and all its weakness have been studied very well. Furthermore, Monero is designed from the scratch to be anonymous by default, so end-user can violate anonymity only if he wants to do that apparently. To violate anonymity, end-user can either use payment-ids to make his payments publically available, or stealth sub-addresses to make his payments transparent for his payment's counterpart only. So Monero even being anonymous by default is 100% ready to public and legal business solutions too.

The nearest competitor of Monero is ZCash. But ZCash is trojan by nature: its zk-snarks algo relies on so called "initial blockchain secret key" or "Zcash trusted setup" that must be fired off by developers. See how they did it:
"
For this particular hard fork upgrade, it’ll have to go through a new trusted setup, and if someone is able to compromise the “randomness” input into the system by developers, they’ll theoretically be able to exploit the system, possibly printing themselves as much zcash (currently valued at $316 per token) as they’ve ever dreamed of.
"
https://www.coindesk.com/devs-destruction-inside-zcashs-second-crypto-ceremony

Do you trust in ZCash developers? I don't trust them as well as in Monero devs, Bitcoin devs, etc: I prefer 100% complete trust-less solutions, and Monero is the only such a solution relies on mathematics only.

Speaking about other anonymous competitors is completely unserious: Dash? You must trust in Dash masternode each time you send "anonymous" payment.

I was observing Monero and its development by my own eyes for a long time since 2014. Monero is the direct Bitcoin replacement because it fixes all the Bitcoin drawbacks:
- Monero has no pre-mine and insta-mine like Bitcoin has when Satoshi mined it alone.
- Monero has adaptive block size so we found very "wild" and "terrifying" when Bitcoin splitted down to Bitcoin Cash that is splitted to Bitcoin Cash ABC & Bitcoin Cash SV just because of block size limitations. Stupid people: all the Bitcoin Cash variants are 100% scam coins.
- Monero has the Community that proved it can develop the source code even without its famous leader Riccardo Spagni aka Fluffypony: the amazing Bulletproofs algo that reduced transaction fees from typical 0.01XMR to <0.0005XMR has been implemented and released after Fluffypony has switched to the Tari project (Ethereum-like ecosystem on top of Monero blockchain - https://www.tari.com).
- Monero community has strong anti-ASIC politics and tweak mining algo twice a year to be 100% ASIC-resistant forever. Furthermore, in the last months Monero officially fights against virus-mining too: for example, mining pool's source code detect "low-difficulty shares with multiple connections"-like behavior and rejects such suspicious connections to a pool.

Summarize that, among large and well-studied cryptocurrencies, Monero is The Only Anonymous and one among the most advanced top-level cryptos.

Why wouldn't it be? It still has a brilliant group of developers and researchers that are always contributing and making it better

YOU GUYS ---- Is Monero Still Considered A Top-Tier Crypto? Not a Troll Question, I've Just Been Away for Quite a While

Beyond Binance.com I use Tradeogre.com & Tokens.net. Just don't put all your eggs into one bracket, and pre-think about ANY exchange as scam - you will wonder each time they appear honest

this is the only thing I've been able to find so why don't you link to this so called conflict.

https://www.reddit.com/r/Monero/comments/84q0z6/beware_of_livecoinnet/