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Author Topic: [XMR] Monero Speculation  (Read 3180818 times)
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Billy Bunter
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September 24, 2018, 05:35:29 PM
 #39441

Whats up with polo and other exchanges freezing xmr for the last couple days?

Rumours abound. I'm not sure anyone knows for sure.

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September 24, 2018, 05:38:25 PM
 #39442

Whats up with polo and other exchanges freezing xmr for the last couple days?

Rumours abound. I'm not sure anyone knows for sure.

To bad the devs don’t give any comment. I don’t now if I should be worried or not
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September 24, 2018, 06:13:16 PM
 #39443

....
To bad the devs don’t give any comment. I don’t now if I should be worried or not

As far as anyone can tell, it's BS.  It's been asked in the #monero-dev channel and no one is aware of anything.  If I had to make my own guess, someone sent a forged email to a bunch of exchanges... some of them took the bait.

Here's a transcript from IRC earlier today.  Times in US-Eastern:


11:19 AM <@fluffypony> ghpg: there's no special email list, there's the announce list that you can join
11:20 AM <@fluffypony> I have no idea why a block explorer would be down
11:20 AM <@fluffypony> we're pretty close to tagging 0.13
11:20 AM <+moneromooo> gingeropolous said he tried to pop blocks on a running monerod, and the importer started a format conersion -> hosed.
11:20 AM <vegasbaby> w00t
11:20 AM <kovri-slack> <woodser> woohoo!
11:20 AM <ghpg> fluffypony: this one https://lists.getmonero.org/hyperkitty/list/monero-announce@lists.getmonero.org/2018/7/ ? it has no history for july and I guess you (monero) contacted exchanges about the duplicate count bug?
11:21 AM <@fluffypony> yes that one
11:21 AM <+moneromooo> hyperkitty... now that's a software I wanna use.
11:21 AM <@fluffypony> lol
11:21 AM ⇐ xnbya quit  •  moneromooo → +hyperkitty 
11:21 AM <@fluffypony> ghpg: occasionally if there's something super sensitive we might just directly email list subscribers
11:23 AM <camthegeek> to clear it up, are the wallets down on most exchanges due to a bug similar to the last double count bug? too many threads on reddit without a clear answer on that Sad
11:23 AM <+hyperkitty> You'll find out if you subscribe to... hyperkitty!
11:24 AM <@fluffypony> camthegeek: Bitfinex and Kraken look just fine
11:24 AM <vegasbaby> camthegeek AFAIK no one knows
11:24 AM <vegasbaby> Its not due to a bug/issue
11:24 AM <vegasbaby> at least not one known by anyone here AFAIK
11:25 AM <ghpg> ok, thank you
11:25 AM <camthegeek> well then, someone has stirred the pot of BS. Tongue
11:25 AM <vegasbaby> Yeah
11:25 AM <vegasbaby> r/monero feels heavily brigaded lately
11:25 AM <camthegeek> hyperkitty, love the name. I'd support it.
11:25 AM <camthegeek> it is.
11:25 AM <vegasbaby> Lots of accounts I've never seen, spamming about wallet issues/the latest "bug"
11:25 AM <vegasbaby> That all sprang up at the same time
11:25 AM <camthegeek> I've drifted away from it lately. too much crap :|
11:25 AM → +hyc (voiced) joined 
11:25 AM <vegasbaby> Its normally not too bad
11:25 AM <vegasbaby> But this last week has been rough
11:25 AM <vegasbaby> Idk why
11:26 AM <vegasbaby> But we should take that convo elsewhere Smiley
11:26 AM <vegasbaby> Don't think any of the devs here know whats going on with the exchange wallets, and no exchange has posted about why
11:26 AM <vegasbaby> So for now... 🤷
11:27 AM → dog\ joined (~dog@gateway/tor-sasl/dog/x-12068491)
11:28 AM <camthegeek> but as fluffypony said, the larger volume exchanges are still kickin' just fine. I'll poke around with support emails and try to see whats up :p
11:28 AM → xnbya joined (~quassel@ec2-54-72-128-94.eu-west-1.compute.amazonaws.com)
11:28 AM <vegasbaby> Yeah its nothing to worry about I dont think
11:28 AM <vegasbaby> Just a coincidence that people are panicking over
11:33 AM → orbit33, cardboardoranges, p0nziph0ne and coppa joined 
11:41 AM <Mibka> Well, on cryptopia the status reads "24-SEP-2018 - XMR Wallet placed in maintenance at the request of the Coin Developer."  .. Maybe it's a bug the devs aren't willing to talk about before it's fixed
11:42 AM → ndorf joined (~nd@ob.noxio.us)
11:42 AM <vegasbaby> Don't know why no core dev would mention it though
11:43 AM <vegasbaby> They could announce there is a bug they are fixing etc, without announcing details
11:43 AM <Mibka> Yeah, strange :/
11:43 AM <vegasbaby> Could just be Cryptopia BSing
11:43 AM <vegasbaby> But Idk
11:43 AM <vegasbaby> Not sure if moneromooo or others want to comment on any of it
11:44 AM <vegasbaby> Think its all just brigading/trolls tbh
11:44 AM <vegasbaby> Which aren't worth devs time
11:44 AM <orbit33> I suspect it's actually another CN-coin
11:44 AM <orbit33> kraken is fine, bithumb is fine, hitbtc is fine, binance is fine
11:44 AM <vegasbaby> Thats the more probably solution, if there is a CN issue
11:45 AM <vegasbaby> An old, patched exploit some fork didn't account for maybe
11:45 AM <@fluffypony> we're busy with the 0.13 release candidate, which is very very close
11:45 AM <@fluffypony> so don't really have time to deal with it
11:45 AM <orbit33> I don't know, but it's def weird... as said before, to me kraken is (together with bitstamp) the most trustworthy exchange
11:45 AM <vegasbaby> Understandable fluffypony
11:46 AM <orbit33> they would def know if something was up, and they would certainly not take any risk
11:46 AM <vegasbaby> And thats exciting Cheesy
11:46 AM <vegasbaby> Yeah thats why I don't think its anything of importance orbit33
11:46 AM <Mibka> vegasbaby When I look at other CN coins on cryptopia many of them are in maintenance mode as of 24 sep. 2018 with the note "at the request of the coin developer" so you're probably right their message is bullshit
11:46 AM <orbit33> and indeed, probably devs have other things on their mind
11:46 AM <vegasbaby> Mibka ah nice find
11:46 AM <orbit33> than explaining why some exchange freezes xmr if they don't actually know why



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September 24, 2018, 10:34:24 PM
 #39444

Whats up with polo and other exchanges freezing xmr for the last couple days?

Updating wallets as they did it so many times in past. Always takes them days.


I'm not sure anyone knows for sure.

It is always same. So basically everyone knows.

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September 25, 2018, 01:43:17 AM
 #39445

I don’t now if I should be worried or not

It’s always good to be worried just in case. What if nothing happens and you missed a good opportunity to worry?
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September 25, 2018, 02:16:05 AM
 #39446

I believe in this coin, because it seems to me that similar anonymous coins have a great future. People want to be completely anonymous in crypto.
Something that then makes many people do not hesitate to invest in Monero. This is proven by a research data that Monero is ranked 10th as the most popular and most widely used crypto currency in the world. This fact makes Monero's prospects very promising.













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September 25, 2018, 02:10:22 PM
 #39447

Whats up with polo and other exchanges freezing xmr for the last couple days?

Maybe there's a surprise once it goes back up again...  Like a new release, or fluffypony popping out of a giant XXXL cake as a rainbow unicorn or something.  Grin

But the thing is, we wait and not worry about it too much.  It's pretty much all we can do.

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September 25, 2018, 02:37:34 PM
 #39448

A Post Mortem of The Burning Bug

https://getmonero.org/2018/09/25/a-post-mortum-of-the-burning-bug.html

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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September 25, 2018, 02:50:18 PM
 #39449


Well-written and informative. Thank you.

Baguette Holder.
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September 25, 2018, 07:14:37 PM
 #39450


That explains why all online services have been in maintenance mode the past days  Wink

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September 25, 2018, 08:55:19 PM
 #39451

LMAO
And this, ladies and gentlemen, is why you use DASH.
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September 25, 2018, 09:04:07 PM
 #39452

LMAO
And this, ladies and gentlemen, is why you use DASH.

So you can have a premine dumped on your ass? Oh wait you mean because a bug was fixed that could have hypothetically been exploited to destroy coins and never was exploited?

Lol Dash surely can't say that! Dash only forks away future coins to make the premine worth more. Well, back to gnore for you.

But they can say look we took out our masternodes because they don't work and you'll get busted using them and we will dump the coins from our premined masternodes on your ass as well.



That explains why all online services have been in maintenance mode the past days  Wink

I took the uncertainly time to buy. Smiley

Missed 175 but got some @.0176

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September 26, 2018, 02:22:08 AM
 #39453

Quote
https://thenextweb.com/hardfork/2018/09/25/monero-burning-vulnerability/
Monero developers have disclosed a major bug that could really have been nasty. Until now, attackers could have drained Monero from exchanges (or any organizational wallet), all for the cost of a few transaction fees.

“A bug in the wallet software allowed a determined attacker to cause significant damage to organizations present in the Monero ecosystem with minimal cost,” declares the official statement. “[…] A determined attacker could burn the funds of an organization’s wallet whilst merely losing network transaction fees.”

Without getting too technical – the Monero blockchain can actually “burn” XMR under certain circumstances, as can Bitcoin and Ethereum.

In Monero’s case, the blockchain assumes transactions between identical stealth addresses to be illegitimate transactions, and “burns” one of the them, allowing just a single “correct” transaction through.

Monero’s blockchain doesn’t remove or replace burned XMR – it just makes it unusable.

The Monero community has known about burning when transactions occur between identical stealth addresses for a while – but security researchers have only just discovered that it allows hackers to siphon XMR directly from external wallets.

The disclosure steps through this process. After modifying a Monero wallet to make transactions using the same stealth address as the target wallet, “[attackers] send, say, a thousand transactions of one XMR to an exchange.”

“Because the exchange’s wallet does not warn for this particular abnormality (i.e. funds being received on the same stealth address), the exchange will, as usual, credit the attacker with 1,000 XMR,” a Monero dev explains.

“The attacker then sells his XMR for BTC and lastly withdraws this BTC. The result of the hacker’s action(s) is that the exchange is left with 999 unspendable / burnt outputs of 1 XMR.”

Developers created a private fix to distribute (in secret) to major exchanges and merchants so as not to draw any attention during the patching process. Monero devs note that it appears no losses were incurred due to the bug.

The statement ends with a stern warning: “This event is again an effective reminder that cryptocurrency and the corresponding software are still in its infancy and thus quite prone to (critical) bugs.”

I think that last sentence is the most important of all. We are still in the beginning of a great change. Many bugs will occur. It is important to support projects that have the most developers who are passionate about the possibilities offered by cryptocurrencies.

Supporting projects that exist just as a money grab or as a copy and past can leave you with nothing on a 0-day. I'm looking at you Electroneum. Grin

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Hueristic
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September 26, 2018, 07:42:38 PM
 #39454

Quote
https://thenextweb.com/hardfork/2018/09/25/monero-burning-vulnerability/
Monero developers have disclosed a major bug that could really have been nasty. Until now, attackers could have drained Monero from exchanges (or any organizational wallet), all for the cost of a few transaction fees.

I think that last sentence is the most important of all. We are still in the beginning of a great change. Many bugs will occur. It is important to support projects that have the most developers who are passionate about the possibilities offered by cryptocurrencies.

Supporting projects that exist just as a money grab or as a copy and past can leave you with nothing on a 0-day. I'm looking at you Electroneum. Grin

Lol right, anyway it was not a bug that effected the chain and was more akin to a counting bug with the side effect of lowering the total coins so...

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September 26, 2018, 10:06:35 PM
 #39455

I believe in this coin. I am sure that anonymous coins will be in high demand in a few years. Monero can become the most popular coin among anonymous coins.
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September 29, 2018, 02:05:19 PM
 #39456

https://www.digifinex.com/  is apparently planing to list Monero. By saying planing I mean planing, they did nothing about it yet. So will probably take some time, but they plan to add it.  It is Singapore based exchange. And although you probably never heard of it, they are 15th exchange by volume in last 30 days.   Ahead of Kraken, Bittrex and Poloniex.

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September 29, 2018, 04:41:39 PM
 #39457

https://www.digifinex.com/  is apparently planing to list Monero. By saying planing I mean planing, they did nothing about it yet. So will probably take some time, but they plan to add it.  It is Singapore based exchange. And although you probably never heard of it, they are 15th exchange by volume in last 30 days.   Ahead of Kraken, Bittrex and Poloniex.

Good news, does it require KYC?

BTW the English version is accessible by clicking the Chinese flag on the top right.

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September 29, 2018, 08:13:54 PM
 #39458

https://www.digifinex.com/  is apparently planing to list Monero. By saying planing I mean planing, they did nothing about it yet. So will probably take some time, but they plan to add it.  It is Singapore based exchange. And although you probably never heard of it, they are 15th exchange by volume in last 30 days.   Ahead of Kraken, Bittrex and Poloniex.

Nice  Grin Wink

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September 29, 2018, 08:37:17 PM
 #39459

Just 3 months left in 2018. Anyone want to make predictions for the xmrusd price on 31 Dec 2018? I'm guessing $175.
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September 29, 2018, 09:21:46 PM
 #39460

Just 3 months left in 2018. Anyone want to make predictions for the xmrusd price on 31 Dec 2018? I'm guessing $175.

$131


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