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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4626612 times)
bigj
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September 04, 2014, 07:34:24 AM
 #12541

Don't panic  Smiley It is just an accident
Yeah,don't be panic and don't sell your nodes for such low price.holders will win.we will see.

Agreed.

Funny thing: The price of BBR is not (yet?) going up -- in face of the XMR attack.
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September 04, 2014, 07:36:07 AM
 #12542


So what? The code base is brand new and needs work. Every Monero investor should know this.

Bitcoin was crap as a stack of cards at one point, it even had freaking goto loops in the code.
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September 04, 2014, 07:40:35 AM
 #12543

Seems that Monero is totally broken.

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mrcashking
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September 04, 2014, 07:41:36 AM
 #12544

not just monero but all cryptonote coins are at risk.
Peter Todd
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September 04, 2014, 07:42:28 AM
 #12545


So what? The code base is brand new and needs work. Every Monero investor should know this.

Bitcoin was crap as a stack of cards at one point, it even had freaking goto loops in the code.

Lets keep the record straight: Bitcoin v1.0 had significantly better code quality than Cryptonote does from what I've seen; I just checked and there weren't any goto statements in the codebase. Cleaning up this mess isn't going to be easy, although it certainly is doable.

I'd strongly suggest taking the good part of Cryptonote - the ring signatures - and porting them over to the Satoshi codebase. Monero could be re-released based on that much better codebase and the UTXO set ported over at the same time so all coin owners on the old system were coin owners on the new system.

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September 04, 2014, 07:49:17 AM
 #12546


So what? The code base is brand new and needs work. Every Monero investor should know this.

Bitcoin was crap as a stack of cards at one point, it even had freaking goto loops in the code.

Lets keep the record straight: Bitcoin v1.0 had significantly better code quality than Cryptonote does from what I've seen; I just checked and there weren't any goto statements in the codebase. Cleaning up this mess isn't going to be easy, although it certainly is doable.

I'd strongly suggest taking the good part of Cryptonote - the ring signatures - and porting them over to the Satoshi codebase. Monero could be re-released based on that much better codebase and the UTXO set ported over at the same time so all coin owners on the old system were coin owners on the new system.

Cool idea, let's do that
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September 04, 2014, 07:49:33 AM
 #12547

It looks like Mintpal and HitBTC are both still actively trading as well as withdraws and deposits are open.

Trading I can't do anything about. We've tried to contact those exchanges but haven't been able to.

However, I strongly recommend that you do not attempt to do deposits or withdraws

The block chain is a mess right now and there is no way to know what would happen to your coins.

Do not engage in any transactions at this time

I got in touch with freeworm and he says he froze XMR at bter
Let me know when it is all clear to resume

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jpouza
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September 04, 2014, 07:51:19 AM
 #12548

Don't panic!

Wow! Bittrex also disabled monero wallet and market as safe measure.
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September 04, 2014, 07:52:36 AM
 #12549


So what? The code base is brand new and needs work. Every Monero investor should know this.

Bitcoin was crap as a stack of cards at one point, it even had freaking goto loops in the code.

Lets keep the record straight: Bitcoin v1.0 had significantly better code quality than Cryptonote does from what I've seen; I just checked and there weren't any goto statements in the codebase. Cleaning up this mess isn't going to be easy, although it certainly is doable.

I'd strongly suggest taking the good part of Cryptonote - the ring signatures - and porting them over to the Satoshi codebase. Monero could be re-released based on that much better codebase and the UTXO set ported over at the same time so all coin owners on the old system were coin owners on the new system.

what about the bug that created billions of BTC?

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ol92
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September 04, 2014, 07:53:16 AM
 #12550

not just monero but all cryptonote coins are at risk.
How do you know?
DemocraticRepublicOfDave
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September 04, 2014, 07:54:46 AM
 #12551

Ho hum.

BTC has suffered from many attacks and bugs in the past (fork of March 2013) and survived.

This sort of thing is to be expected for a young currency with a new algo and codebase.

Currently we have an attack.  From this the details will be discovered, and code patched to mitigate against this attack vector in the future.  Also once the attack is understood it may also lead to the discovery of other attack vectors, and the patching of those also.  This is good for the long term future of the coin.

If XMR is to be adopted as people in this thread believe then we can expect to experience similar events in the future as well.

Cheers

Dave
Peter Todd
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September 04, 2014, 07:55:45 AM
 #12552

Lets keep the record straight: Bitcoin v1.0 had significantly better code quality than Cryptonote does from what I've seen; I just checked and there weren't any goto statements in the codebase. Cleaning up this mess isn't going to be easy, although it certainly is doable.

I'd strongly suggest taking the good part of Cryptonote - the ring signatures - and porting them over to the Satoshi codebase. Monero could be re-released based on that much better codebase and the UTXO set ported over at the same time so all coin owners on the old system were coin owners on the new system.

what about the bug that created billions of BTC?

All new systems have bugs; based on the code I've looked at I fully expect we'll find an order of magnitude or three more serious bugs in the Cryptonote codebase than we found in the Bitcoin codebase.

Besides, by re-using the Bitcoin codebase you get the benefit of all the bugs that have been fixed over the past few years.

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September 04, 2014, 07:56:09 AM
 #12553

Looks like HitBTC just froze the deposits/withdraws and posted a warning
ShroomsKit_Disgrace
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September 04, 2014, 07:57:40 AM
 #12554

omg XMR is doomed!
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September 04, 2014, 07:57:58 AM
 #12555

omg XMR is doomed!

My investments....  Cry
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September 04, 2014, 08:00:55 AM
 #12556

Lets keep the record straight: Bitcoin v1.0 had significantly better code quality than Cryptonote does from what I've seen; I just checked and there weren't any goto statements in the codebase. Cleaning up this mess isn't going to be easy, although it certainly is doable.

I'd strongly suggest taking the good part of Cryptonote - the ring signatures - and porting them over to the Satoshi codebase. Monero could be re-released based on that much better codebase and the UTXO set ported over at the same time so all coin owners on the old system were coin owners on the new system.

what about the bug that created billions of BTC?

All new systems have bugs; based on the code I've looked at I fully expect we'll find an order of magnitude or three more serious bugs in the Cryptonote codebase than we found in the Bitcoin codebase.

Besides, by re-using the Bitcoin codebase you get the benefit of all the bugs that have been fixed over the past few years.

Are you offering help Smiley

There are other things besides ring signatures that are good and I have no idea how compatible they are.  As always, tradeoffs.
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September 04, 2014, 08:03:18 AM
 #12557

Should have bought Boolberry instead, lol  Cheesy
Peter Todd
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September 04, 2014, 08:06:02 AM
 #12558

All new systems have bugs; based on the code I've looked at I fully expect we'll find an order of magnitude or three more serious bugs in the Cryptonote codebase than we found in the Bitcoin codebase.

Besides, by re-using the Bitcoin codebase you get the benefit of all the bugs that have been fixed over the past few years.

Are you offering help Smiley

Not quite - I've been hired as an advisor.

There are other things besides ring signatures that are good and I have no idea how compatible they are.  As always, tradeoffs.

I can't think of anything in Monero that would be fundementally incompatible with the Bitcoin codebase, although you'd certainly need to write some code. One good thing is that there's been a lot of recent work on the Bitcoin codebase to make it significantly more modular, to that reusing it for altcoins is easier than it used to be.

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September 04, 2014, 08:07:55 AM
 #12559

not just monero but all cryptonote coins are at risk.
How do you know?

did you read TacoTimes' preliminary explanation?  It seems that the issue is with the cryptonote protocol that all cryptonote coins share.

However let's wait and see what happens.  Most of us are speculating from a position of ignorance.  
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September 04, 2014, 08:08:21 AM
 #12560

It looks like Mintpal and HitBTC are both still actively trading as well as withdraws and deposits are open.

Trading I can't do anything about. We've tried to contact those exchanges but haven't been able to.

However, I strongly recommend that you do not attempt to do deposits or withdraws

The block chain is a mess right now and there is no way to know what would happen to your coins.

Do not engage in any transactions at this time

I got in touch with freeworm and he says he froze XMR at bter
Let me know when it is all clear to resume

James

Signed:
James, the concerned, helpful helper!

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