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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4574883 times)
CK_Zephyrus
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February 12, 2018, 07:57:16 PM
 #37501

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

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

This is only second in this blog post, but this bears emphasis:

Do NOT reuse your Monero keys for any other purpose, including Monero forks.

Your Monero keys are *Monero* keys. Using them on another chain will destroy your privacy, as well as others'.

If you want to fork Monero, don't be lazy, start your own blockchain like others did before.
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crypt0baws
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February 12, 2018, 08:38:06 PM
 #37502

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

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

This is only second in this blog post, but this bears emphasis:

Do NOT reuse your Monero keys for any other purpose, including Monero forks.

Your Monero keys are *Monero* keys. Using them on another chain will destroy your privacy, as well as others'.

If you want to fork Monero, don't be lazy, start your own blockchain like others did before.


Should've mentioned that in my post, this is really important for users to know.

Thanks for highlighting this, let's spread the word!

Ælf; the 3rd gen Blockchain Network. Sign up & earn Ælf! (https://candy.aelf.io/account/register?invitationCode=0L0Y0V0H3F2M)
Anon136
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February 12, 2018, 08:39:08 PM
Last edit: February 12, 2018, 08:53:49 PM by Anon136
 #37503

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

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html
Quote
considering slightly modifying the PoW at every hardfork.

I love this idea! And I love that we now have a public stance from the dev team on their position on modifying the proof of work algorithm. I called for this some time ago, I have no idea if that had any impact on this being written, I doubt it, either way I am very pleased to see it.

It will be interesting to see if the hash rate crashes after the first change thus providing compelling evidence that there is currently asic mining of monero. Personally I doubt it but I will be watching intently regardless.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
bitebits
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February 12, 2018, 09:10:39 PM
 #37504

[...]
It will be interesting to see if the hash rate crashes after the first change thus providing compelling evidence that there is currently asic mining of monero. Personally I doubt it but I will be watching intently regardless.

Wouldn't a proof-of-work change affect the botnet computers who can't be easily upgraded?

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero:
 on.your.mark, get set, go!
Millionero
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February 12, 2018, 09:38:22 PM
 #37505

[...]
It will be interesting to see if the hash rate crashes after the first change thus providing compelling evidence that there is currently asic mining of monero. Personally I doubt it but I will be watching intently regardless.

Wouldn't a proof-of-work change affect the botnet computers who can't be easily upgraded?
The botnets have to upgrade for every fork anyway, right?  Like everybody.
bitebits
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February 12, 2018, 10:04:39 PM
 #37506

[...]
It will be interesting to see if the hash rate crashes after the first change thus providing compelling evidence that there is currently asic mining of monero. Personally I doubt it but I will be watching intently regardless.

Wouldn't a proof-of-work change affect the botnet computers who can't be easily upgraded?
The botnets have to upgrade for every fork anyway, right?  Like everybody.

A proof-of-work change requires an update of the mining software, which runs locally. Correct?
I assume the botnet computers are pointed at a mining pool, which only requires the mining pool to upgrade its software during a 'normal' hard fork without a PoW change. Correct?

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero:
 on.your.mark, get set, go!
JesusCryptos
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February 12, 2018, 11:09:38 PM
 #37507


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.  Huh

!@$@#$ 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
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February 12, 2018, 11:13:48 PM
 #37508

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.

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explorer
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February 13, 2018, 12:04:53 AM
 #37509


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.  Huh

!@$@#$ 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
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February 13, 2018, 12:52:45 PM
Last edit: February 13, 2018, 01:05:18 PM by wudafuxup
 #37510

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.

I like crypto
GingerAle
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February 13, 2018, 01:17:51 PM
 #37511

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

< Track your bitcoins! > < Track them again! > <<< [url=https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/] What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! @@@@ FUCK ALL THE PROFITEERS! PROOF OF WORK OR ITS A SCAM !!! @@@@
primer-
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February 13, 2018, 01:22:05 PM
 #37512

Monero is dead if PoW algo is changed now in March.
Nathan047
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February 13, 2018, 02:41:42 PM
 #37513

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.

I'm starting a technology blog T4CH.top, check it out!
phishead
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February 13, 2018, 02:42:24 PM
 #37514

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.


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Monero
"I just opened a 2004 barolo in your and all the devs honour"  eyejay:  Decemeber 22nd, 2016

"Don't buy Monero, join our new ICO: 'The Monero Enterprise Alliance"  fluffypony:  May 24th, 2017
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February 13, 2018, 02:51:17 PM
 #37515

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
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February 13, 2018, 03:21:59 PM
 #37516

This project privacy make me crazy.
Hope this still keep going !!! 
Aby Normal
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February 13, 2018, 03:27:34 PM
 #37517

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 ...
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Doomed to see the future and unable to prevent it


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February 13, 2018, 04:03:49 PM
 #37518

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. Smiley

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. Smiley

Quote
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
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February 13, 2018, 06:42:31 PM
 #37519

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.

I like crypto
Anon136
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February 13, 2018, 07:03:50 PM
 #37520

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

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


Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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