Topic: [XMR] Monero Speculation - page 859. (Read 3314350 times)

They seem to consider the real threat being anonymous transactions and not mixers neither tumblers per se. Monero, being anonymous, will consequently also be considered a threat, and if mixers/tumblers are targeted, Monero will probably be too at some point.

It's talking about mixers and companies that run them.  Monero is not mentioned, so it's not an explicit threat at all.  It's about BTC being laundered through mixers and tumblers.  Monero doesn't need them.

The eyebrow raising bit is the suggestion that 'unexplained wealth' should become a crime.

We aren't far off that in some places in the world already - but I suspect this is good for Monero in the long run as Bitcoin is easily followed, Monero not so.  Which is why when I lost most of my Monero in a boating accident there was nothing much I, or anyone else in the world could do about it. Or will be able to do about it in the foreseeable future.

No country could stop Monero. And btw Monero doesn't need third party mixers like every other coin. It has an integrated mixer which means it is a self sustainable ecosystem.

"All countries are advised to take action against Digital Currencies Mixers/Tumblers. Such services are designed exclusively to anonymize transactions and to make it impossible for Law Enforcement Agencies to detect and trace suspicious transactions. The existence of such companies should not continue to be tolerated"

Didn't see this discussed. Sounds like an explicit call to outlaw Monero.

According to that thread there is also a quite trivial fix that pools can implement to avoid this exploit until it the mining software is patched, and it seems all relevant parties have been notified, so personally, not concerned, and grateful that it has been spotted now.

If someone tried this now that it is in the public domain, it would be very clear to all what was happening as the blocksize would be necessarily be increasing at an abnormally fast rate to get to a level at which it was profitable. With as many eyes on this project as there are, I trust that a short-term solution would be found before the attack got this far.

In short, most likely anyone attempting this now would likely be giving away money.

So yeh, I'm with Nano on this   ... less  

you seem overly

"If you only own Monero - don't panic. The attack has nothing to do with Monero code. It can't be fixed by the Monero devs because they don't write the miners, but even a 51% attacker won't be able to steal your coins. Worst risk for you is disruption to Monero.
If you mine Monero - do panic. Nearly every miner out there is vulnerable. For open source miners 'grep -r 76' will tell you if they are using a magic number to determine the work length. If you see that number, the code likely to be vulnerable."

So, I wouldn't too much

How much you predict monero will drop before next pump? under 11$??

Is there any news about monero latest exploit https://www.reddit.com/r/Monero/comments/5ptm2y/security_avisory_common_exploit_in_monero_miners/

i wonder what this means to monero future with all the botnet in the wild which might be affected by this exploit  i wonder if this was intentional exploit right from the start to undermine monero's anonimity

and... back to topic, what would monero do to fix this exploit ? assuming that botnet miner which affected by this could do 51% attack on the network  should monero change algo ? anyone?

This sounds like a decent speech

Many people made their money the old fashioned way...by inheriting it.  

Nothing wrong with that, unless you are a SJW or other kind of Marxist.

OTOH, turning $1k into $100k during your first and only foray into the esoteric world of cattle future trading?  That's a "1-in-a-zillion" chance of happening legitimately.

It's almost as improbable as "accidentally" gaining millions of USD in a massive, lucky Instamine....

Yes. Crypto is the first thing, in over 30 years observing this illusion, which has got me truly excited. Short of widespread armed rebellion which I cant really morally support. Henchmen are people too...(;-)
But crypto is smarter than that. It is as subversive as the written word and quite mighty because it is powered by the very control grid it subverts. Brilliant. A word much overused but not in this instance.

All it needs is a large enough group of people to trust it as a store of value and agree on it. Once it is secure and anonymous and gets critical mass it cant be stopped. We are just about there.

Bitcoin however could result in the ultimate control grid for the sheep so I am wary of it going deeply mainstream. An almighty self auditing administrator of finance & property with many secondary layers which can all be nullified at the source. Pretty good virtualisation of the self governing sheep and sowjet russia's wet dream. So it worries me on some level.
 
Ergo:
We need Monero or the like. Its not a massive scope in terms of functionality required, so first mover advantage is distinct as long as the quality is there. Defining quality as fit for the intended purpose here, which is private financial activity to the level I choose and which I take responsibility for.

Not belittling efforts here at all but it is a 'simple' problem where any elegant solution is simple by necessity. There is no need to become the eierlegende Wollmilchsau (look it up - some lol images too) a la ETH  by trying to be everything to all people. That place is occupied by Microsoft ,need I say more.

2017 will be the year the btc blockchain will be reigned in and domesticated imho. It might well go moon after that but under strict supervision and only then.

So the the time to shine is soon for the project which protects the original vision and defends an absolute human right in this world. That of financial privacy and protection of wealth.

Clearly Monero is in a great position to be best out of the block.

First mover advantage is distinct as long as the quality is there. It will be quite a scramble to move the 1000 rupiah coins to safe haven once the collective light comes on.

At the moment Monero is head and shoulders above current offerings and with the future vision of Kovri and so on I can see a mostly bright future with only the odd terror thrown in.

In my opinion Monero is the natural progression of the original vision of crypto. For me this means responsible people being sovereign administrator over their finances and private lives. This does not ever imply illegality nor tax evasion. All dues can be paid well and proper. \
But my wealth, my habits, my whereabouts is only the business of myself and those that I choose to let know. End of story.

I wonder if "my dad gave me a loan" is going to be an acceptable explanation.

Sadly this is absolutely true.

That's the line that made me choke on my tea.

It's as terrifying as it is hilarious that The Powers That Be possess no sense of irony at the utter hypocrisy of making unexplained wealth a crime.

That crime is only reserved for the non-elite.

We live in a broken world where the rules only apply to those that don't own 95% of the world's wealth.

"All countries are advised to consider the creation of the crime of unexplained wealth."

whoa!

"You will never find a more wretched hive of scum and villainy."

interesting read:

https://www.baselgovernance.org/news/global-conference-countering-money-laundering-and-digital-currencies

The average joe doesn't care about Monero, just like the average joe didn't care about the internet 30 years ago.

Did the internet market itself? No. It was businesses like CompuServe and AOL that brought it to the mainstream.

What about the internal combustion engine? Blah. You get the point.

Monero is the tech. Entrepreneurship and clever marketing is for third parties.