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

[Eastbay]

so there is / was a confirmed flaws / possible exploits ?

countdown timer for attack is still wasting away, about 18 hours to go now i guess we'll see if its legit or not...

[robinwilliams]

He ddosd polonex and overcame 200gbs ddos shield...isn't that enough to take down all three big pools and have peanuts of hash left?

[smooth]

He ddosd polonex and overcame 200gbs ddos shield...isn't that enough to take down all three big pools and have peanuts of hash left?

I've been telling people to move to small pools and solo mine for several days now. If they don't listen, I can't really do any more than that.

If this coin is attacked by DDoS of three pools then we deserve it. Sorry to say.

[robinwilliams]

He ddosd polonex and overcame 200gbs ddos shield...isn't that enough to take down all three big pools and have peanuts of hash left?

I've been telling people to move to small pools and solo mine for several days now. If they don't listen, I can't really do any more than that.

If this coin is attacked by DDoS of three pools then we deserve it. Sorry to say.

 

Is there anyway those pools could forward to different smaller subset pools?  More targets?  Big pools spit to many small ones???

[smooth]

He ddosd polonex and overcame 200gbs ddos shield...isn't that enough to take down all three big pools and have peanuts of hash left?

I've been telling people to move to small pools and solo mine for several days now. If they don't listen, I can't really do any more than that.

If this coin is attacked by DDoS of three pools then we deserve it. Sorry to say.

 

Is there anyway those pools could forward to different smaller subset pools?  More targets?  Big pools spit to many small ones???

Of course. These are all good suggestions.

[robinwilliams]

And yes u have smooth.  Pools are an inherant weakness ... esp to cpu coins ... they need to be eliminated for all coins for security reasons Imo fwiw

[albert3]

He ddosd polonex and overcame 200gbs ddos shield...isn't that enough to take down all three big pools and have peanuts of hash left?
[/quote


It's scary that majority of the network hash is concentrated on these 3 pools ,we are in big trouble  

[robinwilliams]

He ddosd polonex and overcame 200gbs ddos shield...isn't that enough to take down all three big pools and have peanuts of hash left?

It's scary that majority of the network hash is concentrated on these 3 pools ,we are in big trouble  

I was saying this two days ago ... pool operators if they have not sold to bcx need to find a way to seamlessly spit the hash to multiple servers with ddos.

Only bad part is pools don't make much money ... like 200 each a day?  So security of the network is really on three central sites makes 200 a day before expenses

Maybe MEW thought of this tho?  And secretly secured the pools somehow???

[smooth]

And yes u have smooth.  Pools are an inherant weakness ... esp to cpu coins ... they need to be eliminated for all coins for security reasons Imo fwiw

Concepts are under development. Of course it won't help with the immediate threat, but with every attack you become stronger.

[robinwilliams]

And yes u have smooth.  Pools are an inherant weakness ... esp to cpu coins ... they need to be eliminated for all coins for security reasons Imo fwiw

Concepts are under development. Of course it won't help with the immediate threat, but with every attack you become stronger.

Securing hash and pools might be a better resources spent for mew than trying to keep the price from crashing like they've been doing.

You can tell em I said so :p

[smooth]

And yes u have smooth.  Pools are an inherant weakness ... esp to cpu coins ... they need to be eliminated for all coins for security reasons Imo fwiw

Concepts are under development. Of course it won't help with the immediate threat, but with every attack you become stronger.

Securing hash and pools might be a better resources spent for mew than trying to keep the price from crashing like they've been doing.

You can tell em I said so :p

Some pool operators are part of MEW I think and they are doing everything they can to secure their pools. Other MEW participants are not technical or in any position to do anything at all with respect to pools. As far as their trading activity I have no knowledge of it or particular interest in it so I can't comment. I will say that I have bought a few coins myself, but it wasn't to prop the price up, just because I think we will eventually come out stronger, so I'm speculating.

[robinwilliams]

Well u guys are responding more/better than I thought u would ... I might buy if it goes low...good to see things in an aspiring coin becoming stronger not weaker with adversities.   

I'm still throwing my whale party and buying popcorn tonight tho

[smfuser]

Other than mining (preferably solo) and running bitmonerod, is there anything else that regular Monero users can do in the immediate future to help defend against the expected attack tomorrow, or allow faster repair of the damage if any?

Rpietila said earlier today that the developers were already "implementing fixes".  Should we expect a new release before the claimed attack time?

I assume backing up the blockchain now may save time in case another recovery from a fork is required?

Might the quantity and nature (e.g., mix level) of transactions in the near future have any relevance?

[robinwilliams]

I was talking about smooth response.  Admitting the points of failure and how it deserved to go down if three points of failure (pools) was all it took under threat from bcx...He aknowled the weaknesses.

Risto is just buying at 310 what should be priced at 210 and saying shetoric.  And u r just some dumb fanboy who is working at walmart ...

[aminorex]

I was talking about smooth response.  Admitting the points of failure and how it deserved to go down if three points of failure (pools) was all it took under threat from bcx...He aknowled the weaknesses.

Risto is just buying at 310 what should be priced at 210 and saying shetoric.  And u r just some dumb fanboy who is working at walmart ...

Have you seen any evidence of Risto buying the past day or so?  I haven't.  Usually I do.  Personally, I think he's too risk averse to buy right here now.  I know he has repriced his options.  If you think it should be at 210, maybe you should buy some of his super-cheap puts - you would make a bundle.  If not I can only infer that you are talking smack.  Not that there's anything wrong with that.  I do it myself sometimes.  I generally regret it later, however.

I on the otherhand have been buying, and will continue to buy.  Not because I'm more clever, but because I have to have more risk tolerance than Risto needs to have.

[smooth]

Other than mining (preferably solo) and running bitmonerod, is there anything else that regular Monero users can do in the immediate future to help defend against the expected attack tomorrow, or allow faster repair of the damage if any?

If there is evidence of an attack or even when an attack seems likely the best thing to do is simply not engage in transactions. The old part of the blockchain will be fine regardless.

We don't find credible the claim of an attack against private keys (see mathematical analysis posted here). Of course we could be wrong, but we will cross that bridge if and when we come to it. No one can guarantee zero risk, but we believe this risk is very low.

You don't need to personally back up your blockchain, if there is an kind of attack against it there will be an update that will recover it just as there was with the last attack, which was likely far more sophisticated in terms of technical knowledge required than anything BCX has in mind, but that is just my guess. It can't hurt though.

Don't panic (ever). Wait for further updates.

[Nekomata]

XMR is the future.

[ZPserge]

I was talking about smooth response.  Admitting the points of failure and how it deserved to go down if three points of failure (pools) was all it took under threat from bcx...He aknowled the weaknesses.

Risto is just buying at 310 what should be priced at 210 and saying shetoric.  And u r just some dumb fanboy who is working at walmart ...

if you see the price of 210 let me know - I'll buy all my money

[Oscilson]

I was talking about smooth response.  Admitting the points of failure and how it deserved to go down if three points of failure (pools) was all it took under threat from bcx...He aknowled the weaknesses.

Risto is just buying at 310 what should be priced at 210 and saying shetoric.  And u r just some dumb fanboy who is working at walmart ...

if you see the price of 210 let me know - I'll buy all my money

You can just insert a buy order at 210. That is much easier.

[windjc]

Other than mining (preferably solo) and running bitmonerod, is there anything else that regular Monero users can do in the immediate future to help defend against the expected attack tomorrow, or allow faster repair of the damage if any?

If there is evidence of an attack or even when an attack seems likely the best thing to do is simply not engage in transactions. The old part of the blockchain will be fine regardless.

We don't find credible the claim of an attack against private keys (see mathematical analysis posted here). Of course we could be wrong, but we will cross that bridge if and when we come to it. No one can guarantee zero risk, but we believe this risk is very low.

You don't need to personally back up your blockchain, if there is an kind of attack against it there will be an update that will recover it just as there was with the last attack, which was likely far more sophisticated in terms of technical knowledge required than anything BCX has in mind, but that is just my guess. It can't hurt though.

Don't panic (ever). Wait for further updates.

Hmmm. I love popcorn.

Seriously though, I wish you guys well. I think this will be much ado about nothing.

Although, I expect the price to have a sudden spike back to around .004 and then probably come back to where it is now again in a few days. I think all the people trying to profit each way will wind up with minimal profits from all this.