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

[coins101]

That's interesting.
All transactions after fork have been included in blocks on both blockchains.

I started using Dwarfpool soon after it launched Maxcoin (thanks Atrides, made some decent returns on that one).

Excellent pool operator.

I have been wondering if this means double spends are possible. But that doesn't look likely given that people are able to sync back to the correct fork and no coins are lost. Also, the problem was uncovered quite quickly from what I can tell.

FUD #Fail.

[tungfa]

That's interesting.

All transactions after fork have been included in blocks on both blockchains.

As example TX ef7aba30ff92401067824d066cda071d885beda411d60df993b34e8af3804881

On the right blockchain:
http://chainradar.com/xmr/transaction/ef7aba30ff92401067824d066cda071d885beda411d60df993b34e8af3804881
Block # 202619   2014-09-04 04:29:05

And on the wrong:
http://monerochain.info/tx/ef7aba30ff92401067824d066cda071d885beda411d60df993b34e8af3804881
Block # 202615   2014-09-04 04:42:06

So, if you send coin, even on the wrong blockchain, you get payments on both forks )))

OMG
you guys are hilarious !

[mafostedu]

Well, I don't understand why trades have been frozen because of this ! As far as I know, this only affects the incoming or outgoing transactions & it has nothing to do with trades which is only the changes in ledger book of the internal exchange site only.

P.S. I am eagerly waiting to get some cheap XMR actually  

[Atrides]

That's interesting.

All transactions after fork have been included in blocks on both blockchains.

As example TX ef7aba30ff92401067824d066cda071d885beda411d60df993b34e8af3804881

On the right blockchain:
http://chainradar.com/xmr/transaction/ef7aba30ff92401067824d066cda071d885beda411d60df993b34e8af3804881
Block # 202619   2014-09-04 04:29:05

And on the wrong:
http://monerochain.info/tx/ef7aba30ff92401067824d066cda071d885beda411d60df993b34e8af3804881
Block # 202615   2014-09-04 04:42:06

So, if you send coin, even on the wrong blockchain, you get payments on both forks )))

Yes, but in normal fork-situation (if bitcoin-altcoin were forked), you transaction CAN but not MUST be included in fork.
I have seen a lot of forks already ))) and normally transactions doesn't go afar

Sure, specially you can connect to both forked coin-networks and send this transaction.

But this situation is good. If you send coins to exchange, you get coins, even on wrong fork and after blockchain rebuild your coins will be on the exchange.

[Nekomata]

XMR is the future.

[acha]

[Nekomata]

XMR is the future.

[oda.krell]

Boolberry is now freaking suspicious, not only it has been pumped to top of polonix volume but the attack coincided with this.

No. No fucking way. Let's stop those insinuations right here!

There is no evidence that BBR has anything to do this, and you're doing XMR a huge disservice by implying this.

In addition, you completely lose the right to complain about anti-Monero FUD if you spread FUD yourself.

If you have any hard evidence, present it. If you don't, stop spreading FUD. It's really that simple.

[Quicken]

@acha - it's gone flat... almost like it's frozen. Oh wait!  

@Nekomata - No need for paranoia. Both BBR and XMR were up overnight (I'm on European time), and down this morning since the attack came to light.

[Nekomata]

XMR is the future.

[dnaleor]

We should make a blacklist of all Senior and Hero Members who were promoting this shitcoin. Monero and Boolberry threads should be moved to the Trashcan.

I'll be proud to be on that list, do it!

[dnaleor]

Now I realize what was the reason for the mid-move turn back at 510 and the quite strong selling towards 400, which was not supported by fundamentals or anything.

The attackers have taken a short position during the decline (causing the decline), and when they run out of coins, the price also stopped declining. When it started going up, it was the time to attack.

Now if the holders sell their coins so that the price drops to below 400, without corresponding buyers except the attackers, then the attackers have won financially, fleecing the community. (The community has also won, because the bug was fixed and attack repelled.)

I pledge 1000 XMR to the devs for their ongoing good work, and BTC100 will be used to buy moneros in the exchange without further warning if I deem that the scamattackers are about to get too fat a profit from their attack.

I will use another ~BTC10 to buy XMR once the time has come (/ trading continues).

I'll put at least 5 BTC on the table for buying and I'll donate at least 25 XMR when problem is solved to the devs.

[smooth]

Quick unofficial update.

The chain fork was confirmed to be a malicious attack using a subtle code exploit that is common to all cryptonotes.

We believe we know the underlying method of attack and have developed a fix, which is now in review and testing.

Further details to follow.

[oda.krell]

Now I realize what was the reason for the mid-move turn back at 510 and the quite strong selling towards 400, which was not supported by fundamentals or anything.

The attackers have taken a short position during the decline (causing the decline), and when they run out of coins, the price also stopped declining. When it started going up, it was the time to attack.

Now if the holders sell their coins so that the price drops to below 400, without corresponding buyers except the attackers, then the attackers have won financially, fleecing the community. (The community has also won, because the bug was fixed and attack repelled.)

I pledge 1000 XMR to the devs for their ongoing good work, and BTC100 will be used to buy moneros in the exchange without further warning if I deem that the scamattackers are about to get too fat a profit from their attack.

I will use another ~BTC10 to buy XMR once the time has come (/ trading continues).

I'll put at least 5 BTC on the table for buying and I'll donate at least 25 XMR when problem is solved to the devs.

What's the dev's position on crowdfunding / public contributions / etc.? I think I remember some statement by fluffypony that he's not a big fan of bounties, as they encourage sloppy coding practices, but maybe I'm mistaken. Plus bounty =/= donations, I guess.

Is there a collective address that doesn't go to one dev alone, but is the publicly know default "Monero development donation" address? I'd be willing to contribute to that.


EDIT: Nevermind, found "Donations for general development" on page 1. Sorry for the lazyness

Who's in control of that address? How are the proceeds split up?

[DogTheHunter]

https://twitter.com/petertoddbtc/status/507427225927708672   uhhh ohhh

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.

Creating an exodus option to move over to Bitcoin codebase would be the death of Monero.



There have been too many issues that have come to light recently.

The mining exploit that has been going on and has just been disclosed shocked me.

This attack, given Peter Todd's analysis, is just another major issue that I'm finding it hard to live with.

It's starting to sound like the original Cryptonote code was used to scam people by introducing something new and different. Those of us that have bought into its promise, in good faith, may just be at the tail end of the scam.

This looks like an unravelling of the problems, not a temporary blimp. At the back of my mind now is: 'what next?'

I'm an investor, Peter Todd is more competent to give a technical analysis. It doesn't look good.

[smooth]

Now I realize what was the reason for the mid-move turn back at 510 and the quite strong selling towards 400, which was not supported by fundamentals or anything.

The attackers have taken a short position during the decline (causing the decline), and when they run out of coins, the price also stopped declining. When it started going up, it was the time to attack.

Now if the holders sell their coins so that the price drops to below 400, without corresponding buyers except the attackers, then the attackers have won financially, fleecing the community. (The community has also won, because the bug was fixed and attack repelled.)

I pledge 1000 XMR to the devs for their ongoing good work, and BTC100 will be used to buy moneros in the exchange without further warning if I deem that the scamattackers are about to get too fat a profit from their attack.

I will use another ~BTC10 to buy XMR once the time has come (/ trading continues).

I'll put at least 5 BTC on the table for buying and I'll donate at least 25 XMR when problem is solved to the devs.

What's the dev's position on crowdfunding / public contributions / etc.? I think I remember some statement by fluffypony that he's not a big fan of bounties, as they encourage sloppy coding practices, but maybe I'm mistaken. Plus bounty =/= donations, I guess.

Is there a collective address that doesn't go to one dev alone, but is the publicly know default "Monero development donation" address? I'd be willing to contribute to that.

Donations are encouraged. There is a thread to track and encourage donations, perhaps someone has a link to it.

[triplef]

WTF is peter todd ?

[smooth]

Creating an exodus option to move over to Bitcoin codebase would be the death of Monero.

What's the big deal? Who really cares what code base we use. That's what open source is all about. Take the best from each project.

Improving the crap we inherited from Cryptonote has been one of our primary objectives. We will continue to move ahead with that.

[smooth]

WTF is peter todd ?

He's a Bitcoin developer who has been hired to consult for Monero. His role will be explained in greater detail later.

[Ultros]

No. No fucking way. Let's stop those insinuations right here!

There is no evidence that BBR has anything to do this, and you're doing XMR a huge disservice by implying this.

In addition, you completely lose the right to complain about anti-Monero FUD if you spread FUD yourself.

If you have any hard evidence, present it. If you don't, stop spreading FUD. It's really that simple.

Agreed completely. Even though any attack that fails to bring the whole ship down will only make Monero's code stronger, it weakens the community by spreading hate and suspicion everywhere. We can't prove the superiority of XMR by attacking and accusing any other alt-coin's community without very good reasons and proofs. It's repellent and makes us looks weak. Whether we like it or not the community is the face of the coin. We have the power to promote or destroy it so please don't panic and don't make this place another Dallas.