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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 362. (Read 4671575 times)

full member
Activity: 142
Merit: 100
cḿon guys! xmr is losing -.- lets break the 50$ wall and go to 100
member
Activity: 93
Merit: 12
I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check


... That bug, had it been exploited (as it was in some other cryptonote-based coins but not Monero), would been visible on the blockchain....


Kindly expand on this - how would one be able to identify which coins were "minted" as opposed to legitimately mined on the blockchain?

Because they would have had invalid key images. It's something vaguely analogous to if the amount was -100 instead of 100 but the code had been missing a check for negative numbers. Once the check is added the bogus key images are immediately detected and rejected. Those coins that actually got exploited (BCN, XDN, some others) need to disable the check for older blocks to avoid rejecting them.

Monero was never exploited and doesn't need such an exception.


Hi Smooth, and thanks for your reply

So to be clear, does this mean that we know the bug was not exploited because the Monero blockchain rejects invalid key images, and any rejected key images would be visible on the blockchain if they existed?

legendary
Activity: 2968
Merit: 1198
I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check


... That bug, had it been exploited (as it was in some other cryptonote-based coins but not Monero), would been visible on the blockchain....


Kindly expand on this - how would one be able to identify which coins were "minted" as opposed to legitimately mined on the blockchain?

Because they would have had invalid key images. It's something vaguely analogous to if the amount was -100 instead of 100 but the code had been missing a check for negative numbers. Once the check is added the bogus key images are immediately detected and rejected. Those coins that actually got exploited (BCN, XDN, some others) need to disable the check for older blocks to avoid rejecting them.

Monero was never exploited and doesn't need such an exception.


hero member
Activity: 615
Merit: 500
Good time to buy do you think?

XMR always seems to get back up to the 0.17 - 0.018 mark eventually.

Buy it 1 more good new and it grow up so fast...

Had ETH not just had a bit drop i would do. I hadn't expected my buy order to kick in. I guess it's good since I got a low price but it may have been sensible to keep some solvency so I could spread myself to XMR too. - Lesson learnt Smiley
member
Activity: 93
Merit: 12
I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check


... That bug, had it been exploited (as it was in some other cryptonote-based coins but not Monero), would been visible on the blockchain....


Kindly expand on this - how would one be able to identify which coins were "minted" as opposed to legitimately mined on the blockchain?
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
I'm Suprised this hasn't been posted here. Pretty cool that he called it way back when everyone was on AOL. Lol, you've got mail. Smiley

https://www.youtube.com/watch?v=errI-bKEKEQ
full member
Activity: 125
Merit: 100
What are the major differences between monero and zcash, both being developed towards anonymity. Long term?

I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check

Monero is better than Zcash in terms of privacy. Zcash transactions are visible on their blockchain, but in Monero, nobody is able to see your transactions. Monero is 100% private and secret.
full member
Activity: 142
Merit: 100
why we never jump the 50$ marker  Huh Huh Huh maybe the .onion guys make xmr stable on 50?
legendary
Activity: 2968
Merit: 1198
I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check

This is wrong or at least misleading. That bug, had it been exploited (as it was in some other cryptonote-based coins but not Monero), would been visible on the blockchain.

It is possible in theory that there could be bugs that are not detectable, but this was not one.
hero member
Activity: 850
Merit: 1000
What are the major differences between monero and zcash, both being developed towards anonymity. Long term?

I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check

https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php
jr. member
Activity: 48
Merit: 2
What are the major differences between monero and zcash, both being developed towards anonymity. Long term?

I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check

That bug was not only Monero's bug, all cryptonote coins had it until Monero devs got that fixed, and the XMR blockchain was not compromised, you can read the details here:

https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html

And that was just one of the obstacles Monero had to pass in order to survive in past 3 years. XMR path clearly follows BTC path - trustless, open source, community managed and funded, fair distribution PoW - ZEC doesn't have any of those characteristics, its a closed source trusted setup, has corporate management and 20% miner tax.
Monero is a battle hardened veteran with BTC fundamentals with tech that even fixes some BTC issues and has dev team with proven integrity.
ZEC yet has to prove itself when things get tough - do you trust ZEC devs that they won't secretly release more coins or expose your transactions to someone?
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Good time to buy do you think?

XMR always seems to get back up to the 0.17 - 0.018 mark eventually.

Buy it 1 more good new and it grow up so fast...

This is a great time to buy if you afford it, this market is being intentionally suppressed and we all know what happens when that stops. Wink
sr. member
Activity: 280
Merit: 250
Good time to buy do you think?

XMR always seems to get back up to the 0.17 - 0.018 mark eventually.

Buy it 1 more good new and it grow up so fast...
newbie
Activity: 28
Merit: 0
What are the major differences between monero and zcash, both being developed towards anonymity. Long term?

I remember hearing about a month ago monero had a bug in the software that allowed people to mint new coins, and that its a problem because it being anonymous you cant see how many coins there are to check
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
XMR is slipping farther and farther down cryptomarketcap.com list.   The price is holding up fine, but not a good sign to have it slide down too far and then it will be irrelevant and people will leave.

Filter tokenspam



Also, please use the speculation thread for price talk: https://bitcointalksearch.org/topic/xmr-monero-speculation-753252


Darkcoin still shows up, apparently exceptions can be bought.
legendary
Activity: 2968
Merit: 1198
XMR is slipping farther and farther down cryptomarketcap.com list.   The price is holding up fine, but not a good sign to have it slide down too far and then it will be irrelevant and people will leave.

Filter tokenspam



Also, please use the speculation thread for price talk: https://bitcointalksearch.org/topic/xmr-monero-speculation-753252
hero member
Activity: 615
Merit: 500
Good time to buy do you think?

XMR always seems to get back up to the 0.17 - 0.018 mark eventually.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
XMR is slipping farther and farther down cryptomarketcap.com list.   The price is holding up fine, but not a good sign to have it slide down too far and then it will be irrelevant and people will leave.

C'est la vie
hero member
Activity: 518
Merit: 500
XMR is slipping farther and farther down cryptomarketcap.com list.   The price is holding up fine, but not a good sign to have it slide down too far and then it will be irrelevant and people will leave.
legendary
Activity: 1260
Merit: 1008
Any new development or product releases around the corner?

There'll be new binaries for the GUI and CLI in advance of the hardfork.

is there a scheduled date for the hardfork? Sorry, but I'm on mobile atm... Tongue

Thank you! Cheesy

The ides of September, i do believe.

or according to this: https://github.com/monero-project/monero

2017-09-21 .

I make that table. Did I make that up? I wonder if thats real. hrmmm... to the irc
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