[XMR] Monero - A secure, private, untraceable cryptocurrency

[JesusCryptos]

I havn't trusted it [mymonero.com] since a few guys here got burned and really I only used it for a few coins which back then was pocket change, I think the most I ever had on there was 400 way back.

People have to get burned before they stop using web page based wallets I guess.  

!@$@#$ Binance still down was supposed to be up 10 minutes ago. Fuck

Ya, that was horrible (was it birr who lost 7k XMR wallet? I remember feeling sick about it at the time, and shortly thereafter removed the bulk of my stash), but IIRC it was resolved to be phishing or MIM, wasn't it?  A strike against the internet, not the integrity of the service.

Why would people leave coins in online wallets? Well, I guess I may have done it too in the past with what was then "pocket money", actually I had left coins in online exchanges which then got hacked. A handful of dollars in those days, tens or hundreds of thousands of $ now...

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[huctalk]

It is going to be really interesting to see what this causes on the network. I predict at least 5% in gains over the week.

[explorer]

I havn't trusted it [mymonero.com] since a few guys here got burned and really I only used it for a few coins which back then was pocket change, I think the most I ever had on there was 400 way back.

People have to get burned before they stop using web page based wallets I guess.  

!@$@#$ Binance still down was supposed to be up 10 minutes ago. Fuck

Ya, that was horrible (was it birr who lost 7k XMR wallet? I remember feeling sick about it at the time, and shortly thereafter removed the bulk of my stash), but IIRC it was resolved to be phishing or MIM, wasn't it?  A strike against the internet, not the integrity of the service.

Why would people leave coins in online wallets? Well, I guess I may have done it too in the past with what was then "pocket money", actually I had left coins in online exchanges which then got hacked. A handful of dollars in those days, tens or hundreds of thousands of $ now...

A lot of us did, back in the day when you couldn't run a node on less than cutting edge hardware/connection.  Now it's no big deal, with LMDB etc.  It wasn't exactly pocket money, either, but it was seen as better than leaving it on an exchange.

[wudafuxup]

So is there any plan to mitigate the on going botnet problem XMR, BCN and now ETN are suffering from? It can't possibly be healthy to have such a large chunk of the block reward constantly taken by a few A-holes running bot nets on the network..



 In the last year we have seen standalone coin miners and coin mining modules in existing malware proliferate rapidly. I love the technology behind the coin, but the ongoing issues with cybercriminals swipping over 70% (will likely continue going up higher) of the reward is of huge concern to me.

[GingerAle]

^^ it would be great if you could prove they are actual botnets.

[primer-]

Monero is dead if PoW algo is changed now in March.

[Nathan047]

So is there any plan to mitigate the on going botnet problem XMR, BCN and now ETN are suffering from?
*image*

I don't know why everybody keeps there are massive botnets just because there are unknown pools. I'm sure that Monero miners value privacy too.

PS: I know that there are botnets, it's just I'm sure they're nowhere near 71% of the network.

[phishead]

Monero is dead if PoW algo is changed now in March.

Primer-, how are your shorts holding up from 2015 & 2016? Actually, how are you holding up?  I'm sure it gets tough when no one ever takes your seriously when you keep saying the sky is falling and it never does.

[primer-]

I never shorted XMR but I did sell back in 2016 a huge chunk and bought Ethereum. Made a little less than $50MM, thank you ETH!

You guys really need to stop a handful of retarded devs (fat spaghetti) to force major changes without community consensus.
Monero has little time left anyway, Ethereum is about to launch ringCT and zK-Snarks, use the time you have left wisely.

[byte.sumsum]

This project privacy make me crazy.
Hope this still keep going !!! 

[Aby Normal]

I never shorted XMR but I did sell back in 2016 a huge chunk and bought Ethereum. Made a little less than $50MM, thank you ETH!

You guys really need to stop a handful of retarded devs (fat spaghetti) to force major changes without community consensus.
Monero has little time left anyway, Ethereum is about to launch ringCT and zK-Snarks, use the time you have left wisely.

Now do yourself a favor and change those ETH to Monero while you can still get 3XMR for each ETH, especially if you care about community consensus so much, we all know how ETH goverment cares about community consensus and what usually happens to ETH when they implement new stuff ...

[Hueristic]

Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

Thanks for posting this in the barrens of BCT.

Years ago I was recommending having patch in algo's on hand for this exact purpose I'm glad to see it is being done.

I really liked to see this.

Key reuse

It is important to realize that the security of the Monero network and your own Monero is dependent on the security of your Monero keys. Your Monero keys are MONERO keys. Do NOT use them for any other purpose, including claiming coins from a Monero fork. Using your keys to spend the same outputs twice on different forked blockchains will damage your privacy, and others', as both spends will bear the same key image, but different rings, with only your spent output in common (this does not impact stealth addresses nor confidential transactions, just ring signatures). Moreover, by using such a "same keys" fork, the security of your Monero private keys now depends on those third parties.

    Forkers, if you're forking Monero, DO NOT ask users to reuse their Monero keys, but have them create new keys for your fork.

    Users, if a forker asks you to use your Monero keys for their fork (after this notification is published), they're trying to manipulate you into being part of a large scale attack on Monero.

Be safe, and don't reuse your Monero keys for any other purpose than using Monero.

Have any such PoW functions been mentioned, does anyone know?

There have quite a few of these discussions over the years, many of those pertaining to Quantum resistance as well.

Monero is dead if PoW algo is changed now in March.

LOL, Bullish sign!!!

Wars the matter primer afraid your bot nets going down?

[wudafuxup]

So is there any plan to mitigate the on going botnet problem XMR, BCN and now ETN are suffering from?
*image*

I don't know why everybody keeps there are massive botnets just because there are unknown pools. I'm sure that Monero miners value privacy too.

PS: I know that there are botnets, it's just I'm sure they're nowhere near 71% of the network.

Yea it's likely not that high, but it's definitely a very large number. There have been a lot of people who have done studies on monero and it's botnets... You would have to be naive to pretend it's not a big deal. I understand many of you are invested and will shill to not make the coin look bad but still, have some sense. Am I the only one that thinks it's BS that a few A-hole criminals out there are amassing more coins than likely anyone mining nowadays.

For what it's worth I think the techonology behind monero is fantastic, but can't help but think it will be it's downfall someday at the same time.

BTW I rarely post anything in this thread anymore since the mods love to delete anything that doesn't make the coin look good.

[Anon136]

Monero is dead if PoW algo is changed now in March.

Well will you look at who it is boys! Troll indicator flashing red!

[ozkraut]

Monero is dead if PoW algo is changed now in March.

Well will you look at who it is boys! Troll indicator flashing red!

Yep - bullish methinks

[explorer]

Bot nets secure the network, whether you agree or not.  Secure your systems if you don't like them?  I lock my doors because I don't want anyone walking in and taking my shit.  But but locks are expensive and need keys and stuff!  Life sucks, get a helmet.  If there's an easy way to steal with minimal chance of repercussions, someone will always do it.  They are not stealing the block reward, they are stealing the hashes from those who don't care enough to prevent it.  No worse than mining at school or work (or Russian nuclear plant ), or stealing the electricity for your mining farm or grow-op.

[Neo.Prometheus]

Great Progress Team! Keep it up! 

[ctya]

Bot nets secure the network, whether you agree or not.  Secure your systems if you don't like them?  I lock my doors because I don't want anyone walking in and taking my shit.  But but locks are expensive and need keys and stuff!  Life sucks, get a helmet.  If there's an easy way to steal with minimal chance of repercussions, someone will always do it.  They are not stealing the block reward, they are stealing the hashes from those who don't care enough to prevent it.  No worse than mining at school or work (or Russian nuclear plant ), or stealing the electricity for your mining farm or grow-op.

botnets are the problem and not the botnet mining
we should be making an effort to increase awareness of the device vulnerabilities wherever possible
and not trying to change the algorithm to make it better for our own mining efforts

personally I would rather know that botnets are securing Monero instead of conducting a DDOS attack
(and yes I will grant you the premise that they might be doing both)

a higher hash rate is better for the network

[Globb0]

suffering from?

In what way specifically are you suffering?

I also found it weird that, despite explanation, you continue to assert 70%+ regardless.

cybercriminals swipping over 70% (will likely continue going up higher) of the reward

[Anon136]

So I've been thinking about this MoneroV fork problem. I saw the suggestion in a reddit thread about a tool that would allow monero users to specify ring signature inputs thus allowing us to sign with the same ring signature inputs that we used on the MoneroV blockchain.

I was wondering if anyone has given thought to a two pronged approach? We could additionally utilize a blacklist of ring sig inputs used on the forked chain. Some trusted team member could produce and update this blacklist. It could be a basic text file that we drag and drop into our monero directory. I know it would harm privacy to shrink the pool of available ring sig participants but we would only be blacklisting the ones used to produce the initial transaction on the MoneroV chain. So it would be a tiny tiny fraction of the ring signatures out there. Additionally new ring signature candidates are being produced constantly every 2 minutes every day.

It's a partial solution and an imperfect solution to a difficult problem but maybe worth considering.