Author

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 722. (Read 4671660 times)

pa
hero member
Activity: 528
Merit: 501
I'm working on a cross-platform Monero GUI, codenamed Mono (esperanto for "Money"). It's essentially a Node.js app built with the Electron platform: http://electron.atom.io/

Sounds like a great project. . . thanks for doing this!
legendary
Activity: 1610
Merit: 1004
Calling all graphic designers!

I'm working on a cross-platform Monero GUI, codenamed Mono (esperanto for "Money"). It's essentially a Node.js app built with the Electron platform: http://electron.atom.io/

I had an idea of a logo that incorporates the well-known Monero "M" design with the "Electron" atoms imposed on top, if anyone has the skills to make that look good I would love to incorporate it as an icon.

Development is still in the very early stages, so there is plenty of time if you are interested. Thanks!


legendary
Activity: 2268
Merit: 1141
After this attack (14 months ago) the Monero core devs refocused their efforts to strengthening the Monero protocol. Now we are close to reaping the full benefits of this in the 0.9 release, and anyone can compile the source now and see how much better it is.

Bitcoin also endured many attacks in its infancy, far worse than this one, it serves to make the network stronger. If you don't like it, that's fine. This is not something to invest in, it's an experiment. I find it to be a fun open source project with a great community that I like participating in and contributing my skills.


You all may turn me to the dark side (monero side?) after all  Smiley  Really, we need more than one secure, private coin, right?  We need a pepsi for the coke.  Think of me like that mean ol school marm, I just want you to succeed and grow like a purty flower Wink

In addition, nearly all of the codebase has been rewritten, cleaned-up and documented. Monero is really moving away from the original Bytecoin code which it forked from.
newbie
Activity: 53
Merit: 0
After this attack (14 months ago) the Monero core devs refocused their efforts to strengthening the Monero protocol. Now we are close to reaping the full benefits of this in the 0.9 release, and anyone can compile the source now and see how much better it is.

Bitcoin also endured many attacks in its infancy, far worse than this one, it serves to make the network stronger. If you don't like it, that's fine. This is not something to invest in, it's an experiment. I find it to be a fun open source project with a great community that I like participating in and contributing my skills.


You all may turn me to the dark side (monero side?) after all  Smiley  Really, we need more than one secure, private coin, right?  We need a pepsi for the coke.  Think of me like that mean ol school marm, I just want you to succeed and grow like a purty flower Wink
legendary
Activity: 1610
Merit: 1004
After this attack (14 months ago) the Monero core devs refocused their efforts to strengthening the Monero protocol. Now we are close to reaping the full benefits of this in the 0.9 release, and anyone can compile the source now and see how much better it is.

Bitcoin also endured many attacks in its infancy, far worse than this one, it serves to make the network stronger. If you don't like it, that's fine. This is not something to invest in, it's an experiment. I find it to be a fun open source project with a great community that I like participating in and contributing my skills.
newbie
Activity: 53
Merit: 0


many people lost coins due to a security vulnerability already.  

Read about it here: https://forum.cryptonote.org/viewtopic.php?p=909

edit to add: i remember when this attack happened, nobody lost any coins. so while there was an attack, this statement is untrue.

one more thing: are you familiar with these research papers? https://lab.getmonero.org/

Actually his link even though not supporting his trollish lies does show how well the community and Devs responded. Smiley

It appears the articles states

"Fortunately, the large majority of the Monero network had remained on the chain A, which helped to avoid larger negative consequences for the currency."


That proves that at least there were some negative consequences, and they could have been larger.
newbie
Activity: 53
Merit: 0
The scope of this attack clearly makes it an organized effort. While it is possible that some lone guy is figuring out the flaw and how to take advantage of it, the fact we are needing more than one skillset and resources more indicates a team is involved.

Theoretically if you guys didnt notice the strange stuff on the blockchain and polo went on a fork, could they have just made many small withdraws over a week and drained the polo acct? The timeframe and resources required for this doesnt seem like some statment attack to cause a fork and go "ha ha", but where financial gain is involved.

If so, the list if suspects as being involved in this would be polo accts that were involved in accumulating recently (which I remember seeing talked about) and probably these were also trying to do the double spend while on the fork.

So, maybe the attack was against polo?

James

Nope - bear in mind that basically without any action from us the "bad" fork died after 35 minutes. It still exists, it's just stuck at block 202647 and won't proceed. This would have happened even if we hadn't noticed it, so there's little they could have done to have any long-lived attack.

So no coins were mined in this 35 minutes on the "bad" fork?  Really?
newbie
Activity: 53
Merit: 0
By the way, at the moment DASH has a market cap of $16.3 million and monero is $4.7.  Seems quite a few people agree with me.

While I think some sort of security audit surely would not hurt, I disagree that this is the only reason for the disparity in marketcap. Why?

There are currently 3,441 DASH masternodes visibly removing 3,441,000 DASH from the existing money supply. If i'm not mistaken that's ~55% of the current emission!

Less supply = higher price = easier to maintain a 'bigger marketcap'. Do you disagree?

edit to add: i remember when this attack happened, nobody lost any coins. so while there was an attack, this statement is untrue.

many people lost coins due to a security vulnerability already. 

Read about it here: https://forum.cryptonote.org/viewtopic.php?p=909

Well, the fact that this did happen does make one wonder about the security of the coin going forward. I still find it a bit hard to believe that no miner was working on a block and then when the problem was fixed no coins were lost.

quote from article:

The attacker had likely sent the transactions of the block 202612-B to mining pools on the sub-network A. These transactions had been included in the blockchain on height 202614 by one of the pools.

The sub-network A daemons accepted that block since they didn't have the 2a58f802202db09cbd1377630ae73becff1eaff52e8969980672496dc39a5f6f and 57ce3aab446d75726221c908a4bf6ac2f67485cab80a2e2bedfe5519cabd8848 transactions on the blockchain.

The sub-network B deamons rejected the block since those transactions had already been included in block 202612-B. Accepting these transactions a second time would imply double-spending.

Therefore, the network had been split on height 202614 when the two sub-networks turned into two different chains. Fortunately, the large majority of the Monero network had remained on the chain A, which helped to avoid larger negative consequences for the currency.


I agree somewhat with your masternode comments.  It is an effect of the design to have people "buy in" to the technology by buying and setting up masternodes, thus removing coins from the supply.  Relatively speaking, if the technology is not supported by users, they will dump the masternodes and flood the supply. But anytime anything implodes, that happens anyway doesn't it?  Another way to look at it is this: By having coins in the masternodes is actually good for sellers and bad for buyers, so that should be considered. Another point is the masternodes do supply a service, and make money for the owner.  It's a design decision, but at this point as a coin holder, it's better for them right? It's kind of a way to reduce supply because the coin is popular and being used in a masternode, and popular items always cost more, right?

I am a tad angry that there are possible bad actors writing the monero code.  That is why you see some ire in my posts.

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it


many people lost coins due to a security vulnerability already.  

Read about it here: https://forum.cryptonote.org/viewtopic.php?p=909

edit to add: i remember when this attack happened, nobody lost any coins. so while there was an attack, this statement is untrue.

one more thing: are you familiar with these research papers? https://lab.getmonero.org/

Actually his link even though not supporting his trollish lies does show how well the community and Devs responded. Smiley
legendary
Activity: 1610
Merit: 1004
By the way, at the moment DASH has a market cap of $16.3 million and monero is $4.7.  Seems quite a few people agree with me.

While I think some sort of security audit surely would not hurt, I disagree that this is the only reason for the disparity in marketcap. Why?

There are currently 3,441 DASH masternodes visibly removing 3,441,000 DASH from the existing money supply. If i'm not mistaken that's ~55% of the current emission!

Less supply = higher price = easier to maintain a 'bigger marketcap'. Do you disagree?

many people lost coins due to a security vulnerability already.  

Read about it here: https://forum.cryptonote.org/viewtopic.php?p=909

edit to add: i remember when this attack happened, nobody lost any coins. so while there was an attack, this statement is untrue.

one more thing: are you familiar with these research papers? https://lab.getmonero.org/
legendary
Activity: 2968
Merit: 1198
I applaud your work in crytominers. On this particular subject, I have to respectfully disagree.  Monero needs a security audit. Until an audit gets funded and completed, the coin will have a serious disadvantage. Currently this is showing in 1/4 the market cap of DASH.  Just answer my challenge of auditing it, and I go away.  Your choice.  Have a good 'un.

Maybe you are right. Please post the link to the security audit of the current Dash code so I can review it. Thanks!
newbie
Activity: 53
Merit: 0
Any monero devs like to comment on this article?  Come on, show us how this is totally wrong.  Make sure to use facts.  Uhh ohh....

What NSA created Cryptonote for:

https://criticl.me/post/what-nsa-created-cryptonote-2292

"...me and a few of my fellow researchers looked at ..."

They did not look at a 5th-grade English grammar text.

Credibility broken.

Do you think their native tongue is maybe another language than English?  Also one small error does not invalidate all their claims.  As I have said many times already, get someone to review the code, and prove it doesn't have backdoors.  Stop grasping at anything you can to defend monero.  When that is done, I'll agree it is secure.  Until then, I'll continue to question, as any intelligent human would. If it is secure, then prove it.  DASH has been audited by experts, and has been shown to have a good security model.

HAHAHA, you just lost all credibility with this post.

By the way, at the moment DASH has a market cap of $16.3 million and monero is $4.7.  Seems quite a few people agree with me.

XMR is a project in early development with real value and innovative technology backing it - whatever DASH may be, it focuses one HELL of a lot more on marketing itself than any actual development.

I applaud your work in crytominers. On this particular subject, I have to respectfully disagree.  Monero needs a security audit. Until an audit gets funded and completed, the coin will have a serious disadvantage. Currently this is showing in 1/4 the market cap of DASH.  Just answer my challenge of auditing it, and I go away.  Your choice.  Have a good 'un.

I agree it needs auditing! I disagree that's the reason for the difference in marketcap, however.

Ok, here is my logic.  People research.  They find this thread where I ask for an audit and am told give us the money and we'll do it.  No one steps up.  Looks bad for monero.  Market cap can't grow and will probably erode.  I gave all you monero supporters a way to defeat me, and you don't use it.  We will see how this turns out. I am out to spread light, truth, and expose lies.  Nothing can hide in the dark forever. Anyone that does research will find out about the security problems. 

Here's mine: XMR is in its infancy - it didn't inherit a nice, well-functioning codebase to work from. It's far from production ready - and while audits need to happen - they should happen in due time, on a product that resembles what it should be. No point in auditing a half-done system.

Now, about saying we don't use the audit as a way to shut you up - they tend to cost money for experienced people to do it. Doing it for the sole purpose of satisfying critics would be wasteful - why not do it when it's actually done and ready to be presented?

Well, then it is architected wrong and people should run screaming.  Your argument is like saying "This car will totally be done and safe at some point in the future, but for now go ahead and drive it, hope you don't die."

I don't run around saying XMR should be considered absolutely safe right now - it's a work in progress! It needs review, and more importantly, time - like any cryptographic system. Only time will tell - you don't fault early BTC users for using BTC, do you?

One flaw in your logic, anyone that researches knows bitcoin is not even attempting to say it's secure.  Buyer beware.
newbie
Activity: 53
Merit: 0
Any monero devs like to comment on this article?  Come on, show us how this is totally wrong.  Make sure to use facts.  Uhh ohh....

What NSA created Cryptonote for:

https://criticl.me/post/what-nsa-created-cryptonote-2292

"...me and a few of my fellow researchers looked at ..."

They did not look at a 5th-grade English grammar text.

Credibility broken.

Do you think their native tongue is maybe another language than English?  Also one small error does not invalidate all their claims.  As I have said many times already, get someone to review the code, and prove it doesn't have backdoors.  Stop grasping at anything you can to defend monero.  When that is done, I'll agree it is secure.  Until then, I'll continue to question, as any intelligent human would. If it is secure, then prove it.  DASH has been audited by experts, and has been shown to have a good security model.

HAHAHA, you just lost all credibility with this post.

By the way, at the moment DASH has a market cap of $16.3 million and monero is $4.7.  Seems quite a few people agree with me.

XMR is a project in early development with real value and innovative technology backing it - whatever DASH may be, it focuses one HELL of a lot more on marketing itself than any actual development.

I applaud your work in crytominers. On this particular subject, I have to respectfully disagree.  Monero needs a security audit. Until an audit gets funded and completed, the coin will have a serious disadvantage. Currently this is showing in 1/4 the market cap of DASH.  Just answer my challenge of auditing it, and I go away.  Your choice.  Have a good 'un.

I agree it needs auditing! I disagree that's the reason for the difference in marketcap, however.

Ok, here is my logic.  People research.  They find this thread where I ask for an audit and am told give us the money and we'll do it.  No one steps up.  Looks bad for monero.  Market cap can't grow and will probably erode.  I gave all you monero supporters a way to defeat me, and you don't use it.  We will see how this turns out. I am out to spread light, truth, and expose lies.  Nothing can hide in the dark forever. Anyone that does research will find out about the security problems. 

Here's mine: XMR is in its infancy - it didn't inherit a nice, well-functioning codebase to work from. It's far from production ready - and while audits need to happen - they should happen in due time, on a product that resembles what it should be. No point in auditing a half-done system.

Now, about saying we don't use the audit as a way to shut you up - they tend to cost money for experienced people to do it. Doing it for the sole purpose of satisfying critics would be wasteful - why not do it when it's actually done and ready to be presented?

Well, then it is architected wrong and people should run screaming.  Your argument is like saying "This car will totally be done and safe at some point in the future, but for now go ahead and drive it, hope you don't die."

By the way, with you saying everything is just fine, and it will be audited and super secure at some point leaves out the fact that the coin has been compromised and many people lost coins due to a security vulnerability already. 

Read about it here: https://forum.cryptonote.org/viewtopic.php?p=909
newbie
Activity: 53
Merit: 0
Any monero devs like to comment on this article?  Come on, show us how this is totally wrong.  Make sure to use facts.  Uhh ohh....

What NSA created Cryptonote for:

https://criticl.me/post/what-nsa-created-cryptonote-2292

"...me and a few of my fellow researchers looked at ..."

They did not look at a 5th-grade English grammar text.

Credibility broken.

Do you think their native tongue is maybe another language than English?  Also one small error does not invalidate all their claims.  As I have said many times already, get someone to review the code, and prove it doesn't have backdoors.  Stop grasping at anything you can to defend monero.  When that is done, I'll agree it is secure.  Until then, I'll continue to question, as any intelligent human would. If it is secure, then prove it.  DASH has been audited by experts, and has been shown to have a good security model.

HAHAHA, you just lost all credibility with this post.

By the way, at the moment DASH has a market cap of $16.3 million and monero is $4.7.  Seems quite a few people agree with me.

XMR is a project in early development with real value and innovative technology backing it - whatever DASH may be, it focuses one HELL of a lot more on marketing itself than any actual development.

I applaud your work in crytominers. On this particular subject, I have to respectfully disagree.  Monero needs a security audit. Until an audit gets funded and completed, the coin will have a serious disadvantage. Currently this is showing in 1/4 the market cap of DASH.  Just answer my challenge of auditing it, and I go away.  Your choice.  Have a good 'un.

I agree it needs auditing! I disagree that's the reason for the difference in marketcap, however.

Ok, here is my logic.  People research.  They find this thread where I ask for an audit and am told give us the money and we'll do it.  No one steps up.  Looks bad for monero.  Market cap can't grow and will probably erode.  I gave all you monero supporters a way to defeat me, and you don't use it.  We will see how this turns out. I am out to spread light, truth, and expose lies.  Nothing can hide in the dark forever. Anyone that does research will find out about the security problems. 

Here's mine: XMR is in its infancy - it didn't inherit a nice, well-functioning codebase to work from. It's far from production ready - and while audits need to happen - they should happen in due time, on a product that resembles what it should be. No point in auditing a half-done system.

Now, about saying we don't use the audit as a way to shut you up - they tend to cost money for experienced people to do it. Doing it for the sole purpose of satisfying critics would be wasteful - why not do it when it's actually done and ready to be presented?

Well, then it is architected wrong and people should run screaming.  Your argument is like saying "This car will totally be done and safe at some point in the future, but for now go ahead and drive it, hope you don't die."
newbie
Activity: 53
Merit: 0
Any monero devs like to comment on this article?  Come on, show us how this is totally wrong.  Make sure to use facts.  Uhh ohh....

What NSA created Cryptonote for:

https://criticl.me/post/what-nsa-created-cryptonote-2292

"...me and a few of my fellow researchers looked at ..."

They did not look at a 5th-grade English grammar text.

Credibility broken.

Do you think their native tongue is maybe another language than English?  Also one small error does not invalidate all their claims.  As I have said many times already, get someone to review the code, and prove it doesn't have backdoors.  Stop grasping at anything you can to defend monero.  When that is done, I'll agree it is secure.  Until then, I'll continue to question, as any intelligent human would. If it is secure, then prove it.  DASH has been audited by experts, and has been shown to have a good security model.

HAHAHA, you just lost all credibility with this post.

By the way, at the moment DASH has a market cap of $16.3 million and monero is $4.7.  Seems quite a few people agree with me.

XMR is a project in early development with real value and innovative technology backing it - whatever DASH may be, it focuses one HELL of a lot more on marketing itself than any actual development.

I applaud your work in crytominers. On this particular subject, I have to respectfully disagree.  Monero needs a security audit. Until an audit gets funded and completed, the coin will have a serious disadvantage. Currently this is showing in 1/4 the market cap of DASH.  Just answer my challenge of auditing it, and I go away.  Your choice.  Have a good 'un.

I agree it needs auditing! I disagree that's the reason for the difference in marketcap, however.

Ok, here is my logic.  People research.  They find this thread where I ask for an audit and am told give us the money and we'll do it.  No one steps up.  Looks bad for monero.  Market cap can't grow and will probably erode.  I gave all you monero supporters a way to defeat me, and you don't use it.  We will see how this turns out. I am out to spread light, truth, and expose lies.  Nothing can hide in the dark forever. Anyone that does research will find out about the security problems. 
newbie
Activity: 53
Merit: 0
Any monero devs like to comment on this article?  Come on, show us how this is totally wrong.  Make sure to use facts.  Uhh ohh....

What NSA created Cryptonote for:

https://criticl.me/post/what-nsa-created-cryptonote-2292

"...me and a few of my fellow researchers looked at ..."

They did not look at a 5th-grade English grammar text.

Credibility broken.

Do you think their native tongue is maybe another language than English?  Also one small error does not invalidate all their claims.  As I have said many times already, get someone to review the code, and prove it doesn't have backdoors.  Stop grasping at anything you can to defend monero.  When that is done, I'll agree it is secure.  Until then, I'll continue to question, as any intelligent human would. If it is secure, then prove it.  DASH has been audited by experts, and has been shown to have a good security model.

HAHAHA, you just lost all credibility with this post.

By the way, at the moment DASH has a market cap of $16.3 million and monero is $4.7.  Seems quite a few people agree with me.

XMR is a project in early development with real value and innovative technology backing it - whatever DASH may be, it focuses one HELL of a lot more on marketing itself than any actual development.

I applaud your work in crytominers. On this particular subject, I have to respectfully disagree.  Monero needs a security audit. Until an audit gets funded and completed, the coin will have a serious disadvantage. Currently this is showing in 1/4 the market cap of DASH.  Just answer my challenge of auditing it, and I go away.  Your choice.  Have a good 'un.
newbie
Activity: 53
Merit: 0
Any monero devs like to comment on this article?  Come on, show us how this is totally wrong.  Make sure to use facts.  Uhh ohh....

What NSA created Cryptonote for:

https://criticl.me/post/what-nsa-created-cryptonote-2292

"...me and a few of my fellow researchers looked at ..."

They did not look at a 5th-grade English grammar text.

Credibility broken.

Do you think their native tongue is maybe another language than English?  Also one small error does not invalidate all their claims.  As I have said many times already, get someone to review the code, and prove it doesn't have backdoors.  Stop grasping at anything you can to defend monero.  When that is done, I'll agree it is secure.  Until then, I'll continue to question, as any intelligent human would. If it is secure, then prove it.  DASH has been audited by experts, and has been shown to have a good security model.

HAHAHA, you just lost all credibility with this post.

By the way, at the moment DASH has a market cap of $16.3 million and monero is $4.7.  Seems quite a few people agree with me.
newbie
Activity: 53
Merit: 0
Any monero devs like to comment on this article?  Come on, show us how this is totally wrong.  Make sure to use facts.  Uhh ohh....

What NSA created Cryptonote for:

https://criticl.me/post/what-nsa-created-cryptonote-2292

"...me and a few of my fellow researchers looked at ..."

They did not look at a 5th-grade English grammar text.

Credibility broken.

Do you think their native tongue is maybe another language than English?  Also one small error does not invalidate all their claims.  As I have said many times already, get someone to review the code, and prove it doesn't have backdoors.  Stop grasping at anything you can to defend monero.  When that is done, I'll agree it is secure.  Until then, I'll continue to question, as any intelligent human would. If it is secure, then prove it.  DASH has been audited by experts, and has been shown to have a good security model.

HAHAHA, you just lost all credibility with this post.

HAHAHA, I care not for your opinion, thanks for voicing it though.  Go ahead and get to proving monero is secure.  Have a nice day.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Any monero devs like to comment on this article?  Come on, show us how this is totally wrong.  Make sure to use facts.  Uhh ohh....

What NSA created Cryptonote for:

https://criticl.me/post/what-nsa-created-cryptonote-2292

"...me and a few of my fellow researchers looked at ..."

They did not look at a 5th-grade English grammar text.

Credibility broken.

Do you think their native tongue is maybe another language than English?  Also one small error does not invalidate all their claims.  As I have said many times already, get someone to review the code, and prove it doesn't have backdoors.  Stop grasping at anything you can to defend monero.  When that is done, I'll agree it is secure.  Until then, I'll continue to question, as any intelligent human would. If it is secure, then prove it.  DASH has been audited by experts, and has been shown to have a good security model.

HAHAHA, you just lost all credibility with this post.
newbie
Activity: 53
Merit: 0
Any monero devs like to comment on this article?  Come on, show us how this is totally wrong.  Make sure to use facts.  Uhh ohh....

What NSA created Cryptonote for:

https://criticl.me/post/what-nsa-created-cryptonote-2292

"...me and a few of my fellow researchers looked at ..."

They did not look at a 5th-grade English grammar text.

Credibility broken.

Do you think their native tongue is maybe another language than English?  Also one small error does not invalidate all their claims.  As I have said many times already, get someone to review the code, and prove it doesn't have backdoors.  Stop grasping at anything you can to defend monero.  When that is done, I'll agree it is secure.  Until then, I'll continue to question, as any intelligent human would. If it is secure, then prove it.  DASH has been audited by experts, and has been shown to have a good security model.
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