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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 653. (Read 4670673 times)

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
With the recent DDOS attack on specifically the bitcoin classic nodes, I wonder how much of a weak spot such an attack is on Monero.

Monero currently has +/- 150 nodes. So significantly less in numbers. Would such an attack be feasible? And what would happen if such an attack would last for some time?

I can as well imagine a scenario that most nodes are under attack, except the potential malicious one of the attacker.

Let's try to get high-availability, high-performance Monero nodes spread as widely as possible.

Ideally, we'd have one or two in every data center (and behind every anti-ddos specialist) on the planet.  Not that AWS is anything great, but the concept/execution here is pretty slick: https://classic-cloud.net/

But how about first filling in the largest holes in global/political/demographic coverage, as according to https://monerohash.com/nodes-distribution.html?

We could start 'adopting' countries and putting up nodes in their capitals.

I propose prioritizing Australia, Bangladesh, Brazil, Colombia, Costa Rica, Chile, Egypt, Iceland, India, Indonesia, Iran, Israel, Kuwait, Mexico, New Zealand, Nigeria, Pakistan, Philippines, Thailand, Turkey, UAE, and Vietnam because their local nodes-per-citizen ratio is zero and for several international bandwidth is at a premium.

The list is partially based on https://en.wikipedia.org/wiki/List_of_metropolitan_areas_by_population
hero member
Activity: 799
Merit: 1000
Twitter: @CrowdWhale
I've always believed, and if I were more businessman and less trader or coder I would have started it, that eventually you will have companies that guarantee transactions. If you go to a coffee shop and buy a latte, you run your "card", the company approves the transaction, you go on your way, and later the BTC actually arrives.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
Potential Monero service - Money Mover.

Would this be possible? During times of transaction delay in first-generation currency networks (fixed block sizes), could a bitcoin user submit a transaction for X bitcoin, and then have X worth of Monero sent to them? Eventually, the bitcoin transaction will clear and be deposited to the Monero sender's account.

Of course, this would depend on the bitcoin user's intended receiving party being able to accept monero.

Did replace by fee get integrated into bitcoin? RBF would negate this service. Although multisig could be used to prevent that.

I doubt this could work. since this leaves the sender of the XMR vulnerable to a zero confirmation Bitcoin transaction. Of course one can introduce some external source of trust for zero confirmation transactions via multi signatures.  

Edit: This is the kind of thing the Bitcoin Lightning Network is trying to develop, but even there one eventually has to confirm on the main Bitcoin chain.
sr. member
Activity: 306
Merit: 251

Nice, If I had a Trezor I'd help out.  Hope the work testing pans out.
legendary
Activity: 2268
Merit: 1141
sr. member
Activity: 306
Merit: 251
correct me if i am wrong

is it possible to see the balance of any monero address on the online explorer  Huh

No


This question with the answer smooth gave is exactly why I love Monero.

Monero the best privacy in the game, that is why it has been a winner from day one.
legendary
Activity: 1260
Merit: 1008
With the recent DDOS attack on specifically the bitcoin classic nodes, I wonder how much of a weak spot such an attack is on Monero.

Monero currently has +/- 150 nodes. So significantly less in numbers. Would such an attack be feasible? And what would happen if such an attack would last for some time?

I can as well imagine a scenario that most nodes are under attack, except the potential malicious one of the attacker.

If its as simple as sending many transactions, the blocksize would increase, miners would receive more fees, and life would continue on as normal. This is not an attack vector on the Monero network.

The only type of attack currently possible in Monero is finding an exploit that makes the network fork, which is an attack possible with all cryptocurrencies, hence why everything is done so carefully.

That is not really what I mean, or I don't understand the DDOS attacks on the bitcoin classic nodes.

What I mean is no attack from inside-out flooding the network with spam transactions, but just constant hammering the Monero nodes with requests for data. You read stories about people running their bitcoin classic node from home or even VPS, and get completely shut down.

Oh sorry - its my lack of understanding on the bitcoin classic DDOS. I can't comment on that.
legendary
Activity: 1260
Merit: 1008
Potential Monero service - Money Mover.

Would this be possible? During times of transaction delay in first-generation currency networks (fixed block sizes), could a bitcoin user submit a transaction for X bitcoin, and then have X worth of Monero sent to them? Eventually, the bitcoin transaction will clear and be deposited to the Monero sender's account.

Of course, this would depend on the bitcoin user's intended receiving party being able to accept monero.

Did replace by fee get integrated into bitcoin? RBF would negate this service. Although multisig could be used to prevent that.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
With the recent DDOS attack on specifically the bitcoin classic nodes, I wonder how much of a weak spot such an attack is on Monero.

Monero currently has +/- 150 nodes. So significantly less in numbers. Would such an attack be feasible? And what would happen if such an attack would last for some time?

I can as well imagine a scenario that most nodes are under attack, except the potential malicious one of the attacker.

If its as simple as sending many transactions, the blocksize would increase, miners would receive more fees, and life would continue on as normal. This is not an attack vector on the Monero network.

The only type of attack currently possible in Monero is finding an exploit that makes the network fork, which is an attack possible with all cryptocurrencies, hence why everything is done so carefully.

That is not really what I mean, or I don't understand the DDOS attacks on the bitcoin classic nodes.

What I mean is no attack from inside-out flooding the network with spam transactions, but just constant hammering the Monero nodes with requests for data. You read stories about people running their bitcoin classic node from home or even VPS, and get completely shut down.
legendary
Activity: 1260
Merit: 1008
With the recent DDOS attack on specifically the bitcoin classic nodes, I wonder how much of a weak spot such an attack is on Monero.

Monero currently has +/- 150 nodes. So significantly less in numbers. Would such an attack be feasible? And what would happen if such an attack would last for some time?

I can as well imagine a scenario that most nodes are under attack, except the potential malicious one of the attacker.

If its as simple as sending many transactions, the blocksize would increase, miners would receive more fees, and life would continue on as normal. This is not an attack vector on the Monero network.

The only type of attack currently possible in Monero is finding an exploit that makes the network fork, which is an attack possible with all cryptocurrencies, hence why everything is done so carefully.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
With the recent DDOS attack on specifically the bitcoin classic nodes, I wonder how much of a weak spot such an attack is on Monero.

Monero currently has +/- 150 nodes. So significantly less in numbers. Would such an attack be feasible? And what would happen if such an attack would last for some time?

I can as well imagine a scenario that most nodes are under attack, except the potential malicious one of the attacker.
legendary
Activity: 2268
Merit: 1141

Here he is, being interviewed there on Bitcoin Uncensored (still live, so go back to about 6 minutes in from the beginning):

https://youtu.be/PKd7F-10lxM

Fluffypony mentioned that in March they are planning to change block time from one minute to two minutes. Will block reward change as well?

Yes, block reward will be adjusted accordingly. For example, the block reward is currently ~7 XMR per block, with 2 minute blocks it will be ~14 XMR per block. In other words, the reward per minute will stay the same.
legendary
Activity: 1512
Merit: 1012
Still wild and free

Here he is, being interviewed there on Bitcoin Uncensored (still live, so go back to about 6 minutes in from the beginning):

https://youtu.be/PKd7F-10lxM

Fluffypony mentioned that in March they are planning to change block time from one minute to two minutes. Will block reward change as well?

Yes of course, it will be multiplied by two, so that the issuance rate will not change.
newbie
Activity: 74
Merit: 0

Here he is, being interviewed there on Bitcoin Uncensored (still live, so go back to about 6 minutes in from the beginning):

https://youtu.be/PKd7F-10lxM

Fluffypony mentioned that in March they are planning to change block time from one minute to two minutes. Will block reward change as well?
legendary
Activity: 1260
Merit: 1008
Download the early preview today!

http://www.exodus.io/releases/

Video too:

https://vimeo.com/156468628

Monero is still coming soon, not yet supported today, right? Is this a full node wallet or some hybrid SPV?

Did not download any blockchain when I installed on my iMac..worked straight away just like Bitcoin Electrum wallet

Their website say summer 2016 and Monero support  too  Grin

So it connects to a remote node?
full member
Activity: 297
Merit: 112
PRIVATE AND NOT PREMINED: MONERO, AEON, KARBO
Somebody mentioned Monero dynamic block on /r/Bitcoin with link to fluffypony video and how it should/could be used in BTC.
https://www.reddit.com/r/Bitcoin/comments/48gfm9/lets_implement_this_on_bitcoin_dynamic_block/
legendary
Activity: 1457
Merit: 1001
Download the early preview today!

http://www.exodus.io/releases/

Video too:

https://vimeo.com/156468628

Monero is still coming soon, not yet supported today, right? Is this a full node wallet or some hybrid SPV?

Did not download any blockchain when I installed on my iMac..worked straight away just like Bitcoin Electrum wallet

Their website say summer 2016 and Monero support  too  Grin
legendary
Activity: 1442
Merit: 1001
Download the early preview today!

http://www.exodus.io/releases/

Video too:

https://vimeo.com/156468628

Monero is still coming soon, not yet supported today, right? Is this a full node wallet or some hybrid SPV?
legendary
Activity: 1457
Merit: 1001
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