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Author Topic: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments  (Read 774982 times)
xibeijan
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January 01, 2018, 10:11:11 PM
 #9521


Indeed. He starts by saying "If an attacker succeeds to put himself between a merchant and the RaiBlocks network he can ... ".
Well, I say : Hold your horses cow-boy, if you successfully performed a Mitm attack, then you have already won, no matter the crypto currency or bank. For example, you can just replace all bitcoin, xrb, eth, ... addresses where your victim wants to send funds by yours.


That's not true of contemporary cryptocurrencies like BTC and ETH.  A man in the middle does nothing to break the security as the signatures for a tx cannot be forged.  XRB has a weakness for MITM attacks that other cryptocurrencies do not.

Notable projects 2019: Semux, Dero, Wagerr, BEAM
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January 01, 2018, 10:32:13 PM
 #9522

Why do people feel the need to FUD a coin that much? Early holders were already expecting this, of course. But there are no rational arguments for bashing XRB like that. Devs are working full time and are aware of every flaw. They will all hopefully be fixed and the product will keep going forward.
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January 01, 2018, 10:39:07 PM
 #9523

Because alpha product, nonetheless, shouldn't have so big valuation.
I know you are all on "moon mission", and I'm "salty" for you, but truth to be told, in reality there must be something going on behind the scenes, cause nothing comes so fast, without major overhaules.
Case of BTG has ruined everything, so far, so on this basis, it ain't that broken. But alpha product without any parters or even real use-cases, for me is like Verge - wraith fail.

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January 01, 2018, 11:20:30 PM
 #9524

Hi There

I wanted to do all in on XRB so i made some research and i came accross all these posts

What are your thoughts please on this ?

It appears (from the writeup) that you are unaware of sybil attacks?

The graph of transactions in bitcoin already functions like what you describe (except 'accounts' are single use txouts); Bram Cohen likes to call Bitcoin without the blockchain "bitpeso".  In Bitcoin the blockchain is overlaid on top of "bitpeso" to resolve "complex forks" (using your language) in a manner that allows someone to join the network and know which resolution is authoritative in a way which is both robust to sybil attacks and does not require membership (because a membership process would create control over the system).

In your description you appears to liberally conflate forks and double-spending.  In Bitcoin, double spending a traditional txout requires malicious behavior, just as you describe.  Blockchain forking in the absence of double spending is benign and no different to the "multiple resolution rounds" you mention from your resolution protocol but fail to describe detail sufficient to permit any analysis.


afaics you have not definitively stated the frame-of-reference—employed by your ("every UTXO output has its own block chain")

Those words are in quotes though it is not factually a quotation.

Perhaps American English is not your native language? I did not quote you. If I did, I would have used the normal forum quoting as I always do. Placing a phrase between double quotes can also mean that the quoted description is an example of how someone might say it (not specifically any person, since the quote was not attributed to any person)

According to the writer's handbook https://writing.wisc.edu/Handbook/QPA_quoting.html  Quotations are literal quotations and should cite references, Adding Clarification, Comment, or Correction requires square brackets around what you're modifying.

http://www.apastyle.org/learn/faqs/use-double-quotes.aspx

Quote
Observe the following guidelines for uses of double quotation marks other than in material quoted directly from a source.
to introduce a word or phrase used as an ironic comment, as slang, or as an invented or coined expression. Use quotation marks the first time the word or phrase is used

http://www.scribendi.com/advice/when_to_use_double_or_single_quotation_marks.en.html

Quote
n much specialist writing, including linguistics, philosophy, and theology, terms with particular meanings that are unique to that subject are often enclosed in single quotation mark



I'm sure you'll have no problem writing up another post Wink

I warned you not to write condescendingly to me again. Now I will more forcefully state the facts.

I can see I am dealing with a pedantic Dunning-Kruger jackass who has too limited understanding of the technical field to discern technobabble from expertise.

Arguing with someone who is not knowledgeable enough in the field to know whey are acting as a Dunning-Kruger jackass, ends up being an enormous waste of time and effort for the expert.

When you are ready to come down from your ignorant high horse and learn, let me know.

Note most readers here are not knowledgeable enough to discern that you are not an expert. Thus you can probably convince them to invest in your project. The proof of failure will come down the line. No need for me to educate you beforehand, given your attitude.

I'm afraid I largely agree with TPTB_need_war; without a voting history, I find it hard to see how there can be a reliable, unforgeable consensus for 'now'.

That's not correct, the consensus now is all that matters.  For instance as humans we don't have a record of all governments and all decisions going back to the beginning of time yet we have a consensus about what we agree to at this moment.  A historical record can be interesting but the only thing that matters is consensus at this current point in time, only historians care about anything else and currency isn't about a history lesson.

This is true in the real world because time travel is impossible.  Cryptocurrencies must strive to make time travel, voting on past history, or presenting fraudulent histories very hard, or the 'now' won't be reliable or consistent.

As monsterer and I have been alluding to up thread

Monsterer and I have been having discussions and you may not be in as much agreement as you believe.

I will wait to see a public post from monsterer if he disagrees with my assessment. Are you referring to private discussions with him? Because in my quick perusal of his public posts in this thread, they seem to be congruent with my points. Feel free to point out a case where you think his points are not congruent with mine.

afaics you have not definitively stated the frame-of-reference—employed by your ("every UTXO output has its own block chain")

Those words are in quotes though it is not factually a quotation.

Perhaps American English is not your native language? I did not quote you. If I did, I would have used the normal forum quoting as I always do. Placing a phrase between double quotes can also mean that the quoted description is an example of how someone might say it (not specifically any person, since the quote was not attributed to any person).

design—for Byzantine fault tolerant consensus

There is no such thing as Byzantine fault tolerance since the byzantine problem is stated in terms of separation of communication a.k.a. network partitioning.  Only after partitions have been merged can a final conclusion be reached for instance bitcoin isn't tolerant against partitioning since if the network was partitioned and each separate segment was generate separate block chains, a conclusion as to which is the longest couldn't be reached until the partitions were merged and the results compared, hence it would no longer by a byzantine problem.  Please read up more on the topic before commenting on them.

Do NOT again write an absurd condescending remark that assumes I hadn't yet researched the fundamental concepts.

Try to remain respectful please (and leave the ad hominem diarrhea aside) as we had been up thread.

I have no idea what rational basis you have told yourself to justify assuming I don't understand the definition of Byzantine fault tolerance. How could I possibly be commenting with so much technical knowledge in your thread if I hadn't yet researched the fundamental concepts.

https://en.wikipedia.org/wiki/Byzantine_fault_tolerance

Quote
Byzantine fault
 Any fault presenting different symptoms to different observers
Byzantine failure
 The loss of a system service due to a Byzantine fault in systems that require consensus

Your understanding of Byzantine fault tolerance is incorrect. Per the definition above, Bitcoin delivers the same expectations (symptoms) for CAP (consistency, access, and partition tolerance) to all observers which are participants in the longest chain partition. The probability of a failure decreases probabilistically over time as the number of confirmations on the longest chain increases. There are degenerate cases such as the 51% attack where Byzantine failure occurs.

Note the double-spending on a minority chain is not a Byzantine failure, because by definition the minority chain is invalid.

There is no such thing as absolute anything in the universe, thus arguing that Byzantine fault tolerance is not universal is a vacuous assertion. Byzantine fault tolerance is defined for a system and the defined objectivity of the system, not for universal absolutism.

, so I have now expended the time to research, think, and hopefully correctly define it.  Your design's frame-of-reference for Byzantine fault tolerant consensus is majority of the vote by the "voters" which have locked a suitable amount of coins (value). We must determine the (game theory) objectivity of this frame-of-reference and the impacts within the CAP theorem.

Again, the CAP theorem states that all three states cannot simultaneously be achieved so by the nature that RaiBlocks, in addition to any crypto currency, does not claim it can operate while partitioned, this means at most we're claiming 2 out of 3 which by definition satisfies the CAP theorem and no cryptocurrency out there is violating it.  Please read more before commenting.

This ad hominem noise again.

Yet another vacuous argument demonstrating that you do not understand that Bitcoin is partition tolerant within its Byzantine fault tolerant objectivity. Byzantine fault tolerance doesn't mean that CAP has to be fulfilled for those observers who are ignoring the longest chain rule or who are unwilling to accept the probabilitistic nature of the expectations (and thus the fault tolerance). Within Bitcoin's objectivity of the longest chain, all three of the CAP attributes are attained. And my criticisms of your design are about its ill-defined objectivity.

Let this technical rebuttal be instructive to you on the fact that my skills/expertise/research in this area are higher than you apparently assume (given your condescending remarks and your continual unwillingness to accept that 3 experts gmaxwell, monsterer, and myself have come into your thread and graciously tried to explain that your design has serious flaws).

The rest of your reply really seemed to start going off the rails of rational logic. But I will try to find the desire to reply to it point-by-point after I cool down from the lashing of your condescending assumptions above.

Nodes take the first block they receive or which ever block is winning in votes as observed by vote traffic coming off the network compared against the set of stake holders currently in the ledger. 

So at the very least, nodes which are syncing would accept my fork as truth? Also possibly online nodes if my fork was presented within some window of time?

Sounds right I think, bootstrap poisoning is one attack vector.  One way to address this would be to bootstrap to your representative or whoever gave you your wallet code.  Presumably if you trust them enough to download and execute a program that manages your private keys, you can trust them to bootstrap you correctly.

Another option is to bootstrap to someone you're interested in sending to, a merchant perhaps, because in the end the only thing that matters is if they'll accept your payments as valid and they'll tell you what they're accepting through bootstrapping.

Another problem would be if almost everyone simultaneously changed their representative while forks were occurring. This would would require every account to be online and simultaneously signing a change to their representative; interesting but I don't see that actually happening.

But after reading all this i concluded that XRB is not finally secure and that i needed to stay away of it, that's why no exchanges is selling it, its because they understood that its gona be a big mess no ? I see multiple experts of this forum telling that its XRB is faulty so i do not understand why this hype...

Thank you for your help if maybe i am not understanding well the situation



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January 01, 2018, 11:25:32 PM
 #9525

any news on bigger exchanges? what about the voting contest on binance?

In current vote it is winning:
https://www.binance.com/vote.html

No RaiBlocks social is advertising it and they don't talk about exchanges until the moment they are already listed.

Currently just the usual three shity exchanges list XRB (Bitgrail, Mercatox, Bitflip).

In past times Cryptopia and Bittrex (just two days testing and then no listing) listed it and delisted after a while.

thanks you. Hopefully it really wins the binance vote

Voted  Cool

Get in and vote before 5th Jan
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January 01, 2018, 11:41:27 PM
Last edit: January 02, 2018, 01:06:55 AM by RayX12
 #9526

Oh my, oh my!

All of these nobs are now experts in blockchain security.  What a fucking laugh!

This baby is going places!  The buy pressure is incredible and will probably not stop right up the Binance Listing.

This is worth buying and watching with some popcorn.

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January 02, 2018, 12:34:27 AM
 #9527

Intresting coin but why it's not listed at main exchanges like bittrex, binance, bitfinex ect ? It will be more easy for investors to buy this coin. I'll buy some but for that i need to register at new exchanges Sad

https://www.binance.com/vote.html
vote for RaiBlocks (XRB) Wink
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January 02, 2018, 02:16:15 AM
 #9528

https://twitter.com/BitGrail/status/948013726833225728

For addresses (not accounts) created starting from December 16 new minimum deposit for XRB is 1 (Mrai). Minimum trade lowered to 1 XRB (Mrai). Minimum withdraw is now 1.

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January 02, 2018, 02:27:10 AM
 #9529

just a few days ago $XRB reached 2 billion marketcap
and now has reached 4 billion marketcap and $ 30 each XRB
oh my goodness  Shocked

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January 02, 2018, 02:32:10 AM
 #9530

Hello people, who can help me? Have made a payout of my Gitbrail account on my DesktopWallet (version 9.0). WALLET IS SYNCHRONIZED AND OPEN BUT'S written in explorer "Received, pending deposit to balance." What's going on? How can I get my coins?
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January 02, 2018, 02:48:21 AM
 #9531

I think the developers should team up with the Stone dev and combine great idea's, create two of the best DAG, zero fee based coins, Stone can be litecoin to Raiblock's Bitcoin. If your interested in supporting DAG based chains, jump over to the Stone thread and show your support: https://bitcointalk.org/index.php?topic=2581762.0
CyraxMax
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January 02, 2018, 03:42:01 AM
 #9532



All of these "concerns" have been addressed numerous times already - it is pure FUD. The same accounts keep posting it over and over again because they are super salty that the XRB price keeps going up and they missed the boat. Ignore them.

To all newcomers to Raiblocks

If you are new to Bitcointalk you may not realize how things work around here. Ask yourself this - why would someone who states that Raiblocks is crap/a pump and dump/full of flaws, etc. keep coming on here posting the same thing over and over again even though it has already been addressed numerous times before? Because they care about noobs and want to protect them from the big bad Raiblocks dev stealing their money? LOL, I think not.

There are 3 reasons for these FUD (Fear, Uncertainty, Doubt) posts:

1) Usually the person posting the FUD is actually holding the coin they are bashing - they make negative posts in an attempt to drive down the price so they can buy more.

2) They may also be holding a competing coin (IOTA for example) and they are angry that another coin has taken the spotlight away from them. You can spot people in this group as they will often have a signature advertising another coin or they will shill it directly in their post.

3) Pure saltiness. This forum has really gone downhill over the years and it is now filled with desperate, salty children who are angry that they missed the boat.

The world is full of toxic people who cannot accomplish anything on their own so they try to make themselves feel better by attacking other people's accomplishments. Ignore them and DO YOUR OWN RESEARCH!
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January 02, 2018, 04:46:09 AM
 #9533

here is my personal experience, desktop wallet does take a while to sync the first time which is normal, however on the forum there are ways to speed up the process by downloading the "history" and changing it for your wallet.  from desktop wallet to online wallet takes about 2 seconds to transfer,  from wallet or online wallet to bitgrail exchange takes about 1-2 minutes, i have used mercatox. but i like bigrail better. i have also taken out ltc and doge since btc and eth take time, everything working great on my end.  dont listen to people bashing it bc they didnt buy it when they first learn about it.. well happy new year and happy trading.
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January 02, 2018, 06:23:00 AM
 #9534

I've just bought a lot of XRB "RaiBlocks" and I am really happy with this honest trading https://bitgrail.com/en/   Cheesy   takes all the transactions in/out super fast and the "market" section within the account in real time gives you an excellent idea how this crypto will be in the top 5 before ends this January!...Open the account and transfer BTC to the wallet and then buy  raiblocks in minutes...low low fee to buy. Have fun!! Grin
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January 02, 2018, 06:36:01 AM
 #9535

XRB these two days frequent jumps on the first page, I guess its price increases, did not expect to have been close to 40 US dollars? My wealth is quietly growing again and I am looking forward to you for $ 100
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January 02, 2018, 06:37:34 AM
 #9536

trade Xrb on rightbtc [no fee]
https://www.rightbtc.com/#!/trade

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January 02, 2018, 06:54:06 AM
 #9537

I am sure it's a coincidence the only ones talking good about Bitgrail have just registered on the forum.

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January 02, 2018, 07:23:32 AM
 #9538

I think the developers should team up with the Stone dev and combine great idea's, create two of the best DAG, zero fee based coins, Stone can be litecoin to Raiblock's Bitcoin. If your interested in supporting DAG based chains, jump over to the Stone thread and show your support: https://bitcointalk.org/index.php?topic=2581762.0

I read that he already scam two times. please check there
I think better to support XRB
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January 02, 2018, 07:23:42 AM
 #9539

I am sure it's a coincidence the only ones talking good about Bitgrail have just registered on the forum.
I have sent Litecoin there to buy XRB for two days. Everything has been smooth so far. I plan to eventually sell XRB and withdraw funds as litecoin to buy XBR from better exchange.

Do you know if there are issues with Litecoin withdrawals in Bitgrail? I have lots of money there now.  Sad

As a tech enthusiast Im excited about the zero fees and instant transfer of XRB. Security is still a question but they did hire white hackers to find vulnerabilites and so Im confident it will be tested by the best.
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January 02, 2018, 07:30:43 AM
 #9540

trade Xrb on rightbtc [no fee]
https://www.rightbtc.com/#!/trade



Another scammy exchange, what a news:
- https://twitter.com/Rightbtc_/status/946656043534131200

As with other scammy exchanges there are problems with withdrawals.

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