Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1406. (Read 4671575 times)
September 23, 2014, 03:49:15 AM
Need good win Wallet!
September 23, 2014, 03:38:04 AM
It's not doomsday, just FUD 
September 23, 2014, 03:34:31 AM
Seriously though, I wish you guys well. I think this will be much ado about nothing.
Although, I expect the price to have a sudden spike back to around .004 and then probably come back to where it is now again in a few days. I think all the people trying to profit each way will wind up with minimal profits from all this.
If XMR survives in the next few days, it could go to 0.005 or even higher as the dev are tested, and proven to be able to face challenges.
September 23, 2014, 03:28:46 AM
Other than mining (preferably solo) and running bitmonerod, is there anything else that regular Monero users can do in the immediate future to help defend against the expected attack tomorrow, or allow faster repair of the damage if any?
If there is evidence of an attack or even when an attack seems likely the best thing to do is simply not engage in transactions. The old part of the blockchain will be fine regardless.
We don't find credible the claim of an attack against private keys (see mathematical analysis posted here). Of course we could be wrong, but we will cross that bridge if and when we come to it. No one can guarantee zero risk, but we believe this risk is very low.
You don't need to personally back up your blockchain, if there is an kind of attack against it there will be an update that will recover it just as there was with the last attack, which was likely far more sophisticated in terms of technical knowledge required than anything BCX has in mind, but that is just my guess. It can't hurt though.
Don't panic (ever). Wait for further updates.
Hmmm. I love popcorn.
Seriously though, I wish you guys well. I think this will be much ado about nothing.
Although, I expect the price to have a sudden spike back to around .004 and then probably come back to where it is now again in a few days. I think all the people trying to profit each way will wind up with minimal profits from all this.
September 23, 2014, 03:07:32 AM
I was talking about smooth response. Admitting the points of failure and how it deserved to go down if three points of failure (pools) was all it took under threat from bcx...He aknowled the weaknesses.
Risto is just buying at 310 what should be priced at 210 and saying shetoric. And u r just some dumb fanboy who is working at walmart ...
Risto is just buying at 310 what should be priced at 210 and saying shetoric. And u r just some dumb fanboy who is working at walmart ...
if you see the price of 210 let me know - I'll buy all my money
You can just insert a buy order at 210. That is much easier.
September 23, 2014, 02:58:47 AM
I was talking about smooth response. Admitting the points of failure and how it deserved to go down if three points of failure (pools) was all it took under threat from bcx...He aknowled the weaknesses.
Risto is just buying at 310 what should be priced at 210 and saying shetoric. And u r just some dumb fanboy who is working at walmart ...
Risto is just buying at 310 what should be priced at 210 and saying shetoric. And u r just some dumb fanboy who is working at walmart ...
if you see the price of 210 let me know - I'll buy all my money
September 23, 2014, 02:49:37 AM
XMR is the future.
September 23, 2014, 01:58:06 AM
Other than mining (preferably solo) and running bitmonerod, is there anything else that regular Monero users can do in the immediate future to help defend against the expected attack tomorrow, or allow faster repair of the damage if any?
If there is evidence of an attack or even when an attack seems likely the best thing to do is simply not engage in transactions. The old part of the blockchain will be fine regardless.
We don't find credible the claim of an attack against private keys (see mathematical analysis posted here). Of course we could be wrong, but we will cross that bridge if and when we come to it. No one can guarantee zero risk, but we believe this risk is very low.
You don't need to personally back up your blockchain, if there is an kind of attack against it there will be an update that will recover it just as there was with the last attack, which was likely far more sophisticated in terms of technical knowledge required than anything BCX has in mind, but that is just my guess. It can't hurt though.
Don't panic (ever). Wait for further updates.
September 23, 2014, 01:55:26 AM
I was talking about smooth response. Admitting the points of failure and how it deserved to go down if three points of failure (pools) was all it took under threat from bcx...He aknowled the weaknesses.
Risto is just buying at 310 what should be priced at 210 and saying shetoric. And u r just some dumb fanboy who is working at walmart ...
Risto is just buying at 310 what should be priced at 210 and saying shetoric. And u r just some dumb fanboy who is working at walmart ...
Have you seen any evidence of Risto buying the past day or so? I haven't. Usually I do. Personally, I think he's too risk averse to buy right
I on the otherhand have been buying, and will continue to buy. Not because I'm more clever, but because I have to have more risk tolerance than Risto needs to have.
September 23, 2014, 01:40:37 AM
I was talking about smooth response. Admitting the points of failure and how it deserved to go down if three points of failure (pools) was all it took under threat from bcx...He aknowled the weaknesses.
Risto is just buying at 310 what should be priced at 210 and saying shetoric. And u r just some dumb fanboy who is working at walmart ...
Risto is just buying at 310 what should be priced at 210 and saying shetoric. And u r just some dumb fanboy who is working at walmart ...
September 23, 2014, 01:39:05 AM
Other than mining (preferably solo) and running bitmonerod, is there anything else that regular Monero users can do in the immediate future to help defend against the expected attack tomorrow, or allow faster repair of the damage if any?
Rpietila said earlier today that the developers were already "implementing fixes". Should we expect a new release before the claimed attack time?
I assume backing up the blockchain now may save time in case another recovery from a fork is required?
Might the quantity and nature (e.g., mix level) of transactions in the near future have any relevance?
Rpietila said earlier today that the developers were already "implementing fixes". Should we expect a new release before the claimed attack time?
I assume backing up the blockchain now may save time in case another recovery from a fork is required?
Might the quantity and nature (e.g., mix level) of transactions in the near future have any relevance?
September 23, 2014, 12:14:25 AM
Well u guys are responding more/better than I thought u would ... I might buy if it goes low...good to see things in an aspiring coin becoming stronger not weaker with adversities.
I'm still throwing my whale party and buying popcorn tonight tho
I'm still throwing my whale party and buying popcorn tonight tho
September 23, 2014, 12:12:00 AM
And yes u have smooth. Pools are an inherant weakness ... esp to cpu coins ... they need to be eliminated for all coins for security reasons Imo fwiw
Concepts are under development. Of course it won't help with the immediate threat, but with every attack you become stronger.
Securing hash and pools might be a better resources spent for mew than trying to keep the price from crashing like they've been doing.
You can tell em I said so :p
Some pool operators are part of MEW I think and they are doing everything they can to secure their pools. Other MEW participants are not technical or in any position to do anything at all with respect to pools. As far as their trading activity I have no knowledge of it or particular interest in it so I can't comment. I will say that I have bought a few coins myself, but it wasn't to prop the price up, just because I think we will eventually come out stronger, so I'm speculating.
September 23, 2014, 12:09:17 AM
And yes u have smooth. Pools are an inherant weakness ... esp to cpu coins ... they need to be eliminated for all coins for security reasons Imo fwiw
Concepts are under development. Of course it won't help with the immediate threat, but with every attack you become stronger.
Securing hash and pools might be a better resources spent for mew than trying to keep the price from crashing like they've been doing.
You can tell em I said so :p
September 23, 2014, 12:06:08 AM
And yes u have smooth. Pools are an inherant weakness ... esp to cpu coins ... they need to be eliminated for all coins for security reasons Imo fwiw
Concepts are under development. Of course it won't help with the immediate threat, but with every attack you become stronger.
September 23, 2014, 12:05:58 AM
He ddosd polonex and overcame 200gbs ddos shield...isn't that enough to take down all three big pools and have peanuts of hash left?
It's scary that majority of the network hash is concentrated on these 3 pools ,we are in big trouble
I was saying this two days ago ... pool operators if they have not sold to bcx need to find a way to seamlessly spit the hash to multiple servers with ddos.
Only bad part is pools don't make much money ... like 200 each a day? So security of the network is really on three central sites makes 200 a day before expenses
Maybe MEW thought of this tho? And secretly secured the pools somehow???
September 23, 2014, 12:03:21 AM
He ddosd polonex and overcame 200gbs ddos shield...isn't that enough to take down all three big pools and have peanuts of hash left?
[/quote
It's scary that majority of the network hash is concentrated on these 3 pools ,we are in big trouble
[/quote
It's scary that majority of the network hash is concentrated on these 3 pools ,we are in big trouble
September 23, 2014, 12:03:07 AM
And yes u have smooth. Pools are an inherant weakness ... esp to cpu coins ... they need to be eliminated for all coins for security reasons Imo fwiw
September 23, 2014, 12:01:15 AM
He ddosd polonex and overcame 200gbs ddos shield...isn't that enough to take down all three big pools and have peanuts of hash left?
I've been telling people to move to small pools and solo mine for several days now. If they don't listen, I can't really do any more than that.
If this coin is attacked by DDoS of three pools then we deserve it. Sorry to say.
Is there anyway those pools could forward to different smaller subset pools? More targets? Big pools spit to many small ones???
Of course. These are all good suggestions.
September 23, 2014, 12:00:01 AM
He ddosd polonex and overcame 200gbs ddos shield...isn't that enough to take down all three big pools and have peanuts of hash left?
I've been telling people to move to small pools and solo mine for several days now. If they don't listen, I can't really do any more than that.
If this coin is attacked by DDoS of three pools then we deserve it. Sorry to say.
Is there anyway those pools could forward to different smaller subset pools? More targets? Big pools spit to many small ones???
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