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jd1959
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March 15, 2017, 10:18:32 PM |
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So if the hacker was able to mine block after block... does that indicate the hacker is running a notary node?...... as Notary Nodes get to mine most blocks......I'm asking this as I have not seen this conspiracy theory raised yet..... I struggle with lets run decentralized coin by centralizing most of the mining power, sounds a little oxymoronic to me.......Anyway if someone can explain how someone could mine block after block I for one would love to know how....AFAIK this is the real question Cheers Jon  I understand notary nodes sign each block they mine attacker used GPU to mine and when he was the only one left mining on his chain, he was getting all the blocks. you can do that with any coin, even bitcoin. Just disconnect from all peers and start mining. When you go on a fork, you often end up mining many blocks, its just not anything others will recognize. 64 nodes is a bit of a distance away from being centralized. Many coins have about that many total nodes. KMD has all the notary nodes, plus mining pools and independent miners, all able to mine blocks. Current balance is about 70% notary nodes, 30% others, but some of the big mining pools are not back online yet, I think we will end up in the 40/60 to 60/40 range. By dividing the blocks in to roughly equal halves, neither population can get any confidence to conduct an attack and this provides more security Thank you for your reply. I understand mining your own fork...... I don't understand how could they then move them onto exchange if they were not recognized on real blockchain. Surely the transaction should never have been confirmed during deposit to exchange. As for centralization...... being ether one of 64 who get to mine 50% or one of millions who get to mine 50%, your correct very little difference Cheers Jon  |
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KomodoPlatform
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March 16, 2017, 01:46:04 AM |
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So if the hacker was able to mine block after block... does that indicate the hacker is running a notary node?...... as Notary Nodes get to mine most blocks......I'm asking this as I have not seen this conspiracy theory raised yet..... I struggle with lets run decentralized coin by centralizing most of the mining power, sounds a little oxymoronic to me.......Anyway if someone can explain how someone could mine block after block I for one would love to know how....AFAIK this is the real question Cheers Jon I understand notary nodes sign each block they mine attacker used GPU to mine and when he was the only one left mining on his chain, he was getting all the blocks. you can do that with any coin, even bitcoin. Just disconnect from all peers and start mining. When you go on a fork, you often end up mining many blocks, its just not anything others will recognize. 64 nodes is a bit of a distance away from being centralized. Many coins have about that many total nodes. KMD has all the notary nodes, plus mining pools and independent miners, all able to mine blocks. Current balance is about 70% notary nodes, 30% others, but some of the big mining pools are not back online yet, I think we will end up in the 40/60 to 60/40 range. By dividing the blocks in to roughly equal halves, neither population can get any confidence to conduct an attack and this provides more security Thank you for your reply. I understand mining your own fork...... I don't understand how could they then move them onto exchange if they were not recognized on real blockchain. Surely the transaction should never have been confirmed during deposit to exchange. As for centralization...... being ether one of 64 who get to mine 50% or one of millions who get to mine 50%, your correct very little difference Cheers Jon There was a bug that allowed him to create more coins each time he found a block. The bug was similar to the bug Bitcoin had in its early days. More info here: https://supernet.org/en/resources/updates/komodo-bug-found-how-we-defeated-an-attackAny updates on a bug free wallet?
Yes, A lot better version can be downloaded from here: github.com/SuperNETorg/iguana/releases We are going to make installers, and after that it will be available on supernet.org too. |
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royalfestus
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March 16, 2017, 01:59:10 AM |
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So if the hacker was able to mine block after block... does that indicate the hacker is running a notary node?...... as Notary Nodes get to mine most blocks......I'm asking this as I have not seen this conspiracy theory raised yet..... I struggle with lets run decentralized coin by centralizing most of the mining power, sounds a little oxymoronic to me.......Anyway if someone can explain how someone could mine block after block I for one would love to know how....AFAIK this is the real question Cheers Jon I understand notary nodes sign each block they mine attacker used GPU to mine and when he was the only one left mining on his chain, he was getting all the blocks. you can do that with any coin, even bitcoin. Just disconnect from all peers and start mining. When you go on a fork, you often end up mining many blocks, its just not anything others will recognize. 64 nodes is a bit of a distance away from being centralized. Many coins have about that many total nodes. KMD has all the notary nodes, plus mining pools and independent miners, all able to mine blocks. Current balance is about 70% notary nodes, 30% others, but some of the big mining pools are not back online yet, I think we will end up in the 40/60 to 60/40 range. By dividing the blocks in to roughly equal halves, neither population can get any confidence to conduct an attack and this provides more security Thank you for your reply. I understand mining your own fork...... I don't understand how could they then move them onto exchange if they were not recognized on real blockchain. Surely the transaction should never have been confirmed during deposit to exchange. As for centralization...... being ether one of 64 who get to mine 50% or one of millions who get to mine 50%, your correct very little difference Cheers Jon There was a bug that allowed him to create more coins each time he found a block. The bug was similar to the bug Bitcoin had in its early days. More info here: https://supernet.org/en/resources/updates/komodo-bug-found-how-we-defeated-an-attackAny updates on a bug free wallet?
Yes, A lot better version can be downloaded from here: github.com/SuperNETorg/iguana/releases We are going to make installers, and after that it will be available on supernet.org too. Reaction to the threat is impressive, just need assurance it wont happen again, a promise for a future rally. provide more trade in poloniex to impress and improve the demand. |
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Scrotum
Member
 Offline
Activity: 119
Merit: 11
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March 16, 2017, 02:10:21 AM |
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Reaction to the threat is impressive, just need assurance it wont happen again, a promise for a future rally. provide more trade in poloniex to impress and improve the demand.
No one can ever give assurances like that, 'it wont happen again', all the dev team can do is give promises on how they will approach fixing problems when they inevitably happen, and what steps will be taken to mitigate losses, and protect users from unintended consequences. In this latest incident komodo devs showed they can fix problem fast, and will take steps to compensate those negatively effected. They get full marks for the response, but they would be foolish to promise there will be no more bugs in the software, and the devs are not fools, so I don't expect them to promise bugs will never happen again. |
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zx9r
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March 16, 2017, 03:19:54 AM |
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Anybody knows when cryptox is going to list Komodo again ?
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daylox
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March 16, 2017, 07:07:42 AM |
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Anybody knows when cryptox is going to list Komodo again ?
I think so, why not? KMD has good volume there, after all things are solved, they will list KMD very soon. |
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barbierir
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March 16, 2017, 07:46:06 AM |
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Anybody knows when cryptox is going to list Komodo again ?
I think so, why not? KMD has good volume there, after all things are solved, they will list KMD very soon. It depends on them but that exchange needs a lot of improvements. The lack of 24h support and huge backend flaws contributed to the losses for the bug exploit. The other exchanges were able to stop trading as soon as they were asked to. |
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Drai
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March 16, 2017, 08:01:31 AM |
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A small tip for frustrated users/investors:
Expectation is everything. I used to be pretty frustrated due to all the delays and issues that have arise thus far, but I now realize that was because I expected perfection from the start.
This is a very big, complex, and unique project that tries to solve to a lot of things in the cryptocurrency and fiat world and therefore, will have a lot of issues/bugs starting out. The team is not perfect, but they haven't given up and are still working. So it will require a lot of patience to see things get done correctly. Definitely much more patience required compared to other projects out there. So just keep this in mind and you'll be much happier.
I think the only surest way to lose money is to sell now. So I would hold on for awhile. If the current rise of some other alt coins are any indication, then KMD has a pretty bright future ahead of it.
to Yeah, that's it. Nice speak. How long you hold on? Let us know  |
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veneg
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March 16, 2017, 08:30:25 AM |
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I don't prefer KMD will be listed on Cryptox again,lack of support
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daylox
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March 16, 2017, 08:36:14 AM |
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I don't prefer KMD will be listed on Cryptox again,lack of support
The more exchanges, the better, at least this exchange is better than scam yobit, right?  |
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jwiz168
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March 16, 2017, 08:39:01 AM |
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I don't prefer KMD will be listed on Cryptox again,lack of support
Lack of support and dont listen to Komodo dev . I dont understand what were the people behind this 3rd rate exchange thinking. There was an exploit and dev specifically requested to halt operation until further notice. But simply ignored. |
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milonite
Member
Offline
Activity: 160
Merit: 10
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March 16, 2017, 09:05:17 AM |
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tried the last beta of the wallet, works fine for me (mac os)
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grzem
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March 16, 2017, 12:51:36 PM |
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Anybody knows when cryptox is going to list Komodo again ?
I know, after Komodo team comes with solution which they are since 3 days working on. |
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grzem
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March 16, 2017, 12:53:48 PM |
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I don't prefer KMD will be listed on Cryptox again,lack of support
Lack of support and dont listen to Komodo dev . I dont understand what were the people behind this 3rd rate exchange thinking. There was an exploit and dev specifically requested to halt operation until further notice. But simply ignored. Noone of you talked to support. |
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milonite
Member
Offline
Activity: 160
Merit: 10
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March 16, 2017, 01:05:47 PM |
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why on bittrex the wallet is stil on maintenance?
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ERossin
Sr. Member
Offline
Activity: 490
Merit: 262
The World’s First Blockchain Core
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March 16, 2017, 01:36:54 PM |
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why on bittrex the wallet is stil on maintenance?
The maintenance is on bittrex exchange for long time? When is it available for deposit? Dev should give more information about the fixed issue so big investors will have much confidence for holding coins . |
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tclo
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March 16, 2017, 01:47:31 PM |
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Price is still rising on Bittrex, yet they haven't re-activated KMD deposit and withdrawl again yet.
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MMysterious
Sr. Member
Offline
Activity: 972
Merit: 255
Bear season or just the beginning
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March 16, 2017, 02:37:29 PM |
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$0.65 or bust! I am becoming a fan of yours sir.  |
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RichardT
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March 16, 2017, 02:40:33 PM |
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A small tip for frustrated users/investors:
Expectation is everything. I used to be pretty frustrated due to all the delays and issues that have arise thus far, but I now realize that was because I expected perfection from the start.
This is a very big, complex, and unique project that tries to solve to a lot of things in the cryptocurrency and fiat world and therefore, will have a lot of issues/bugs starting out. The team is not perfect, but they haven't given up and are still working. So it will require a lot of patience to see things get done correctly. Definitely much more patience required compared to other projects out there. So just keep this in mind and you'll be much happier.
I think the only surest way to lose money is to sell now. So I would hold on for awhile. If the current rise of some other alt coins are any indication, then KMD has a pretty bright future ahead of it.
to Yeah, that's it. Nice speak. How long you hold on? Let us know That's really a matter of individual preference. Hold until whatever the your set profit point is. I certainly wouldn't be selling at a loss right now due to fear of losing even more money. Personally, I don't plan to take any short term profits until price is at least 2-3x ICO. |
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