[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1491.

netmonk

full member

Activity: 219

Merit: 100

Quote from: smooth on September 04, 2014, 08:25:25 AM

What's the big deal? Who really cares what code base we use. That's what open source is all about. Take the best from each project.
Improving the crap we inherited from Cryptonote has been one of our primary objectives. We will continue to move ahead with that.

Being opensource is not a quality proof !
Like any complex code, there is a high cost of time/effort to really enter into the code, understand it and develop it.

Look at openssl flaw. It is open source, everybody relyed on this fact to trust the level of security while in fact nobody was really competent except 2 or 3 folks on earth to really understand what the code was doing.

Until a smart devil guy wakes up and starts diving dephtly into the code to find beautifull germ of bug.

Same apply for 100% of opensource code.

And im not even talking about closed source code as far as nobody can read it

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: oda.krell on September 04, 2014, 08:03:54 AM

Quote from: Nekomata on September 04, 2014, 07:52:19 AM

Boolberry is now freaking suspicious, not only it has been pumped to top of polonix volume but the attack coincided with this.

No. No fucking way. Let's stop those insinuations right here!

There is no evidence that BBR has anything to do this, and you're doing XMR a huge disservice by implying this.

In addition, you completely lose the right to complain about anti-Monero FUD if you spread FUD yourself.

If you have any hard evidence, present it. If you don't, stop spreading FUD. It's really that simple.

It is extremely unlikely that BBR had anything to do with this if only because they have the same vulnerability, they helped us fix it, and it affects all of the cryptonotes, including some of the stupider ones who put out statements about how they weren't vulnerable because of "developer professionalism."

Furthermore I 100% agree with not putting out FUD when you have no evidence.

Skinnkavaj

sr. member

Activity: 469

Merit: 250

English Motherfucker do you speak it ?

Quote from: dnaleor on September 04, 2014, 08:13:53 AM

Quote from: bigj on September 04, 2014, 05:02:13 AM

Quote from: rpietila on September 04, 2014, 04:38:21 AM

Now I realize what was the reason for the mid-move turn back at 510 and the quite strong selling towards 400, which was not supported by fundamentals or anything.

The attackers have taken a short position during the decline (causing the decline), and when they run out of coins, the price also stopped declining. When it started going up, it was the time to attack.

Now if the holders sell their coins so that the price drops to below 400, without corresponding buyers except the attackers, then the attackers have won financially, fleecing the community. (The community has also won, because the bug was fixed and attack repelled.)

I pledge 1000 XMR to the devs for their ongoing good work, and BTC100 will be used to buy moneros in the exchange without further warning if I deem that the scamattackers are about to get too fat a profit from their attack.

I will use another ~BTC10 to buy XMR once the time has come (/ trading continues).

I'll put at least 5 BTC on the table for buying and I'll donate at least 25 XMR when problem is solved to the devs.

OK investors and traders. Let''s put up a buy wall at 0.004 and find a floor there. Anyone selling will have to buy back in more expensive if successful.
By putting your order at 0.004 you are supporting the floor.
I will chip in some myself.

Ultros

sr. member

Activity: 471

Merit: 250

Quote from: oda.krell on September 04, 2014, 08:03:54 AM

No. No fucking way. Let's stop those insinuations right here!

There is no evidence that BBR has anything to do this, and you're doing XMR a huge disservice by implying this.

In addition, you completely lose the right to complain about anti-Monero FUD if you spread FUD yourself.

If you have any hard evidence, present it. If you don't, stop spreading FUD. It's really that simple.

Agreed completely. Even though any attack that fails to bring the whole ship down will only make Monero's code stronger, it weakens the community by spreading hate and suspicion everywhere. We can't prove the superiority of XMR by attacking and accusing any other alt-coin's community without very good reasons and proofs. It's repellent and makes us looks weak. Whether we like it or not the community is the face of the coin. We have the power to promote or destroy it so please don't panic and don't make this place another Dallas.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: triplef on September 04, 2014, 08:22:13 AM

WTF is peter todd ?

He's a Bitcoin developer who has been hired to consult for Monero. His role will be explained in greater detail later.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: DogTheHunter on September 04, 2014, 08:18:58 AM

Creating an exodus option to move over to Bitcoin codebase would be the death of Monero.

What's the big deal? Who really cares what code base we use. That's what open source is all about. Take the best from each project.

Improving the crap we inherited from Cryptonote has been one of our primary objectives. We will continue to move ahead with that.

triplef

full member

Activity: 338

Merit: 100

https://eloncity.io/

WTF is peter todd ?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: oda.krell on September 04, 2014, 08:18:16 AM

Quote from: dnaleor on September 04, 2014, 08:13:53 AM

Quote from: bigj on September 04, 2014, 05:02:13 AM

Quote from: rpietila on September 04, 2014, 04:38:21 AM

Now I realize what was the reason for the mid-move turn back at 510 and the quite strong selling towards 400, which was not supported by fundamentals or anything.

The attackers have taken a short position during the decline (causing the decline), and when they run out of coins, the price also stopped declining. When it started going up, it was the time to attack.

Now if the holders sell their coins so that the price drops to below 400, without corresponding buyers except the attackers, then the attackers have won financially, fleecing the community. (The community has also won, because the bug was fixed and attack repelled.)

I pledge 1000 XMR to the devs for their ongoing good work, and BTC100 will be used to buy moneros in the exchange without further warning if I deem that the scamattackers are about to get too fat a profit from their attack.

I will use another ~BTC10 to buy XMR once the time has come (/ trading continues).

I'll put at least 5 BTC on the table for buying and I'll donate at least 25 XMR when problem is solved to the devs.

What's the dev's position on crowdfunding / public contributions / etc.? I think I remember some statement by fluffypony that he's not a big fan of bounties, as they encourage sloppy coding practices, but maybe I'm mistaken. Plus bounty =/= donations, I guess.

Is there a collective address that doesn't go to one dev alone, but is the publicly know default "Monero development donation" address? I'd be willing to contribute to that.

Donations are encouraged. There is a thread to track and encourage donations, perhaps someone has a link to it.

DogTheHunter

sr. member

Activity: 784

Merit: 272

Quote from: Peter Todd on September 04, 2014, 02:42:28 AM

Quote from: drawingthesun on September 04, 2014, 02:36:07 AM

Quote from: mrcashking on September 04, 2014, 02:32:33 AM

https://twitter.com/petertoddbtc/status/507427225927708672 uhhh ohhh

So what? The code base is brand new and needs work. Every Monero investor should know this.

Bitcoin was crap as a stack of cards at one point, it even had freaking goto loops in the code.

Lets keep the record straight: Bitcoin v1.0 had significantly better code quality than Cryptonote does from what I've seen; I just checked and there weren't any goto statements in the codebase. Cleaning up this mess isn't going to be easy, although it certainly is doable.

I'd strongly suggest taking the good part of Cryptonote - the ring signatures - and porting them over to the Satoshi codebase. Monero could be re-released based on that much better codebase and the UTXO set ported over at the same time so all coin owners on the old system were coin owners on the new system.

Creating an exodus option to move over to Bitcoin codebase would be the death of Monero.

There have been too many issues that have come to light recently.

The mining exploit that has been going on and has just been disclosed shocked me.

This attack, given Peter Todd's analysis, is just another major issue that I'm finding it hard to live with.

It's starting to sound like the original Cryptonote code was used to scam people by introducing something new and different. Those of us that have bought into its promise, in good faith, may just be at the tail end of the scam.

This looks like an unravelling of the problems, not a temporary blimp. At the back of my mind now is: 'what next?'

I'm an investor, Peter Todd is more competent to give a technical analysis. It doesn't look good.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: dnaleor on September 04, 2014, 08:13:53 AM

Quote from: bigj on September 04, 2014, 05:02:13 AM

Quote from: rpietila on September 04, 2014, 04:38:21 AM

Now I realize what was the reason for the mid-move turn back at 510 and the quite strong selling towards 400, which was not supported by fundamentals or anything.

The attackers have taken a short position during the decline (causing the decline), and when they run out of coins, the price also stopped declining. When it started going up, it was the time to attack.

Now if the holders sell their coins so that the price drops to below 400, without corresponding buyers except the attackers, then the attackers have won financially, fleecing the community. (The community has also won, because the bug was fixed and attack repelled.)

I pledge 1000 XMR to the devs for their ongoing good work, and BTC100 will be used to buy moneros in the exchange without further warning if I deem that the scamattackers are about to get too fat a profit from their attack.

I will use another ~BTC10 to buy XMR once the time has come (/ trading continues).

I'll put at least 5 BTC on the table for buying and I'll donate at least 25 XMR when problem is solved to the devs.

What's the dev's position on crowdfunding / public contributions / etc.? I think I remember some statement by fluffypony that he's not a big fan of bounties, as they encourage sloppy coding practices, but maybe I'm mistaken. Plus bounty =/= donations, I guess.

Is there a collective address that doesn't go to one dev alone, but is the publicly know default "Monero development donation" address? I'd be willing to contribute to that.

EDIT: Nevermind, found "Donations for general development" on page 1. Sorry for the lazyness Cheesy

Who's in control of that address? How are the proceeds split up?

smooth

legendary

Activity: 2968

Merit: 1198

Quick unofficial update.

The chain fork was confirmed to be a malicious attack using a subtle code exploit that is common to all cryptonotes.

We believe we know the underlying method of attack and have developed a fix, which is now in review and testing.

Further details to follow.

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

Quote from: bigj on September 04, 2014, 05:02:13 AM

Quote from: rpietila on September 04, 2014, 04:38:21 AM

Now I realize what was the reason for the mid-move turn back at 510 and the quite strong selling towards 400, which was not supported by fundamentals or anything.

The attackers have taken a short position during the decline (causing the decline), and when they run out of coins, the price also stopped declining. When it started going up, it was the time to attack.

Now if the holders sell their coins so that the price drops to below 400, without corresponding buyers except the attackers, then the attackers have won financially, fleecing the community. (The community has also won, because the bug was fixed and attack repelled.)

I pledge 1000 XMR to the devs for their ongoing good work, and BTC100 will be used to buy moneros in the exchange without further warning if I deem that the scamattackers are about to get too fat a profit from their attack.

I will use another ~BTC10 to buy XMR once the time has come (/ trading continues).

I'll put at least 5 BTC on the table for buying and I'll donate at least 25 XMR when problem is solved to the devs.

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

Quote from: ?? on ??

We should make a blacklist of all Senior and Hero Members who were promoting this shitcoin. Monero and Boolberry threads should be moved to the Trashcan.

I'll be proud to be on that list, do it!

Nekomata

member

Activity: 99

Merit: 10

XMR is the future.

Quicken

sr. member

Activity: 280

Merit: 250

@acha - it's gone flat... almost like it's frozen. Oh wait! Wink

@Nekomata - No need for paranoia. Both BBR and XMR were up overnight (I'm on European time), and down this morning since the attack came to light.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: Nekomata on September 04, 2014, 07:52:19 AM

Boolberry is now freaking suspicious, not only it has been pumped to top of polonix volume but the attack coincided with this.

No. No fucking way. Let's stop those insinuations right here!

There is no evidence that BBR has anything to do this, and you're doing XMR a huge disservice by implying this.

In addition, you completely lose the right to complain about anti-Monero FUD if you spread FUD yourself.

If you have any hard evidence, present it. If you don't, stop spreading FUD. It's really that simple.

Nekomata

member

Activity: 99

Merit: 10

XMR is the future.

acha

jr. member

Activity: 51

Merit: 10

Nekomata

member

Activity: 99

Merit: 10

XMR is the future.

Atrides

hero member

Activity: 658

Merit: 500

Admin of DwarfPool.com

Quote from: coinweaver on September 04, 2014, 07:16:48 AM

Quote from: Atrides on September 04, 2014, 07:02:22 AM

That's interesting.

All transactions after fork have been included in blocks on both blockchains.

As example TX ef7aba30ff92401067824d066cda071d885beda411d60df993b34e8af3804881

On the right blockchain:
http://chainradar.com/xmr/transaction/ef7aba30ff92401067824d066cda071d885beda411d60df993b34e8af3804881
Block # 202619 2014-09-04 04:29:05

And on the wrong:
http://monerochain.info/tx/ef7aba30ff92401067824d066cda071d885beda411d60df993b34e8af3804881
Block # 202615 2014-09-04 04:42:06

So, if you send coin, even on the wrong blockchain, you get payments on both forks )))

Yes, but in normal fork-situation (if bitcoin-altcoin were forked), you transaction CAN but not MUST be included in fork.
I have seen a lot of forks already ))) and normally transactions doesn't go afar

Sure, specially you can connect to both forked coin-networks and send this transaction.

But this situation is good. If you send coins to exchange, you get coins, even on wrong fork and after blockchain rebuild your coins will be on the exchange.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1491. (Read 4671660 times)