[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1499.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: ol92 on September 04, 2014, 03:53:16 AM

Quote from: mrcashking on September 04, 2014, 03:41:36 AM

not just monero but all cryptonote coins are at risk.

How do you know?

did you read TacoTimes' preliminary explanation? It seems that the issue is with the cryptonote protocol that all cryptonote coins share.

However let's wait and see what happens. Most of us are speculating from a position of ignorance.

Peter Todd

legendary

Activity: 1120

Merit: 1152

Quote from: nioc on September 04, 2014, 04:00:55 AM

Quote from: Peter Todd on September 04, 2014, 03:55:45 AM

All new systems have bugs; based on the code I've looked at I fully expect we'll find an order of magnitude or three more serious bugs in the Cryptonote codebase than we found in the Bitcoin codebase.

Besides, by re-using the Bitcoin codebase you get the benefit of all the bugs that have been fixed over the past few years.

Are you offering help

Not quite - I've been hired as an advisor.

Quote from: nioc on September 04, 2014, 04:00:55 AM

There are other things besides ring signatures that are good and I have no idea how compatible they are. As always, tradeoffs.

I can't think of anything in Monero that would be fundementally incompatible with the Bitcoin codebase, although you'd certainly need to write some code. One good thing is that there's been a lot of recent work on the Bitcoin codebase to make it significantly more modular, to that reusing it for altcoins is easier than it used to be.

btcney

hero member

Activity: 588

Merit: 500

Should have bought Boolberry instead, lol Cheesy

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: Peter Todd on September 04, 2014, 03:55:45 AM

Quote from: dnaleor on September 04, 2014, 03:52:36 AM

Quote from: Peter Todd on September 04, 2014, 03:42:28 AM

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.

what about the bug that created billions of BTC?

All new systems have bugs; based on the code I've looked at I fully expect we'll find an order of magnitude or three more serious bugs in the Cryptonote codebase than we found in the Bitcoin codebase.

Besides, by re-using the Bitcoin codebase you get the benefit of all the bugs that have been fixed over the past few years.

Are you offering help

There are other things besides ring signatures that are good and I have no idea how compatible they are. As always, tradeoffs.

ShroomsKit_Disgrace

legendary

Activity: 952

Merit: 1000

Yeah! I hate ShroomsKit!

Quote from: ShroomsKit_Disgrace on September 04, 2014, 03:57:40 AM

omg XMR is doomed!

My investments.... Cry

ShroomsKit_Disgrace

legendary

Activity: 952

Merit: 1000

Yeah! I hate ShroomsKit!

omg XMR is doomed!

Kuriso

hero member

Activity: 532

Merit: 500

Looks like HitBTC just froze the deposits/withdraws and posted a warning

Peter Todd

legendary

Activity: 1120

Merit: 1152

Quote from: dnaleor on September 04, 2014, 03:52:36 AM

Quote from: Peter Todd on September 04, 2014, 03:42:28 AM

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.

what about the bug that created billions of BTC?

All new systems have bugs; based on the code I've looked at I fully expect we'll find an order of magnitude or three more serious bugs in the Cryptonote codebase than we found in the Bitcoin codebase.

Besides, by re-using the Bitcoin codebase you get the benefit of all the bugs that have been fixed over the past few years.

DemocraticRepublicOfDave

member

Activity: 77

Merit: 10

Ho hum.

BTC has suffered from many attacks and bugs in the past (fork of March 2013) and survived.

This sort of thing is to be expected for a young currency with a new algo and codebase.

Currently we have an attack. From this the details will be discovered, and code patched to mitigate against this attack vector in the future. Also once the attack is understood it may also lead to the discovery of other attack vectors, and the patching of those also. This is good for the long term future of the coin.

If XMR is to be adopted as people in this thread believe then we can expect to experience similar events in the future as well.

Cheers

Dave

ol92

sr. member

Activity: 445

Merit: 255

Quote from: mrcashking on September 04, 2014, 03:41:36 AM

not just monero but all cryptonote coins are at risk.

How do you know?

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

Quote from: Peter Todd on September 04, 2014, 03:42:28 AM

Quote from: drawingthesun on September 04, 2014, 03:36:07 AM

Quote from: mrcashking on September 04, 2014, 03:32:33 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.

what about the bug that created billions of BTC?

jpouza

legendary

Activity: 2716

Merit: 1116

Quote from: saddambitcoin on September 04, 2014, 01:04:59 AM

Don't panic!

Wow! Bittrex also disabled monero wallet and market as safe measure.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: smooth on September 04, 2014, 03:18:18 AM

Quote from: Kuriso on September 04, 2014, 03:09:56 AM

It looks like Mintpal and HitBTC are both still actively trading as well as withdraws and deposits are open.

Trading I can't do anything about. We've tried to contact those exchanges but haven't been able to.

However, I strongly recommend that you do not attempt to do deposits or withdraws

The block chain is a mess right now and there is no way to know what would happen to your coins.

Do not engage in any transactions at this time

I got in touch with freeworm and he says he froze XMR at bter
Let me know when it is all clear to resume

James

ExtremeFacials.com

member

Activity: 190

Merit: 10

Quote from: Peter Todd on September 04, 2014, 03:42:28 AM

Quote from: drawingthesun on September 04, 2014, 03:36:07 AM

Quote from: mrcashking on September 04, 2014, 03:32:33 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.

Cool idea, let's do that

Peter Todd

legendary

Activity: 1120

Merit: 1152

Quote from: drawingthesun on September 04, 2014, 03:36:07 AM

Quote from: mrcashking on September 04, 2014, 03:32:33 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.

mrcashking

hero member

Activity: 700

Merit: 500

not just monero but all cryptonote coins are at risk.

Labteck

sr. member

Activity: 311

Merit: 250

Seems that Monero is totally broken.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: mrcashking on September 04, 2014, 03:32:33 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.

bigj

full member

Activity: 198

Merit: 100

Quote from: Eleonore on September 04, 2014, 03:30:26 AM

Quote from: digicoin on September 04, 2014, 03:23:10 AM

Don't panic

It is just an accident

Yeah,don't be panic and don't sell your nodes for such low price.holders will win.we will see.

Agreed.

Funny thing: The price of BBR is not (yet?) going up -- in face of the XMR attack.

Sleepyx

member

Activity: 112

Merit: 10

gah so i cant even trade it... shit happens i guess.

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