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Author Topic: [XMR] Monero Speculation  (Read 3296642 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
smooth
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July 21, 2019, 02:08:13 AM
 #41081

It is true that these fake minting bugs only affect  exchanges, but what is to say hackers did not locate a (smaller) exchange / exchanges already
and were abusing them this way untill Monero patched up these bugs ? Whats to say these exchanges can even identify such problem occurring or having ocurred
on their exchange ?

Then the exchange has incurred a normal business risk for running risky semi-experimental software (all cryptocurrencies, including Bitcoin), partially as a result of the bug, and partially as a result of lacking strict controls and audits on their own operations.

But in any case, no new coins were minted as a result of these bugs.

Quote
Also the article mentions 9 security bugs of which 8 have been patched. Does this mean 1 is still open ?

Math would suggest such (although my confidence in the accuracy of cointelegraph 'reporting' is extremely low, for good reasons, so I wouldn't reach any conclusions without a better source). I don't personally know but I would imagine the established process for vulnerability reporting is being carried out.
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July 21, 2019, 02:08:55 AM
 #41082

Interesting, it made me look up the mentioned bug and i found this article :

https://cointelegraph.com/news/monero-reports-on-resolving-fake-xmr-minting-bugs-a-month-after-fix

Quote
they cannot guarantee no new coins were minted


No new coins were minted. Guaranteed.


Having a closed blockchain like that of Monero + existance of critical bugs for some time + the increased number of Monero mining malware out in the open
makes it difficult for me to accept any ultimate guarantee on this matter.

It is true that these fake minting bugs only affect  exchanges, but what is to say hackers did not locate a (smaller) exchange / exchanges already
and were abusing them this way untill Monero patched up these bugs ? Whats to say these exchanges can even identify such problem occurring or having ocurred
on their exchange ?

Also the article mentions 9 security bugs of which 8 have been patched. Does this mean 1 is still open ?

The article is a hit piece written so sloppily that i am not even bothering to read it to see what bugs you are mentioning as the lie that new coins can be minted shows right there they are incompetent or scamming fudders. So dyOr if you want to believe whatever that site prints.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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July 21, 2019, 05:08:15 AM
 #41083

Is monero worth a buy now? 
Millionero
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July 21, 2019, 06:02:06 AM
 #41084

Is monero worth a buy now? 
If you're a beginner investing in crypto, it might be better to not to start with an altcoin.
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July 21, 2019, 06:35:16 AM
 #41085

Is monero worth a buy now? 
If you believe in future of privacy coins - yes.
McAfee is shilling it for example

Nick Szabo is shilling it too.
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July 21, 2019, 01:03:08 PM
 #41086

I think fungibility will be the next big thing in the space starting 2020.  Almost everybody hasn't realized it yet.  They will and hopefully it isn't too late.

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July 21, 2019, 02:53:36 PM
 #41087

I think fungibility will be the next big thing in the space starting 2020.  Almost everybody hasn't realized it yet.  They will and hopefully it isn't too late.
I agree. The more regulation there is, the more exchanges and other services be picky about coins they will or will not accept.

And the more stories peoples hear about declined or "frozen" bitcoins, the more they will start to look what can be done about it. That's where fungibility will chime in and lead most to Monero.

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July 21, 2019, 03:06:39 PM
 #41088

Not to mention seized gold, oh wait I did. Smiley

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July 21, 2019, 03:12:22 PM
Merited by mr_random (1)
 #41089

I think fungibility will be the next big thing in the space starting 2020.  Almost everybody hasn't realized it yet.  They will and hopefully it isn't too late.
I agree. The more regulation there is, the more exchanges and other services be picky about coins they will or will not accept.

And the more stories peoples hear about declined or "frozen" bitcoins, the more they will start to look what can be done about it. That's where fungibility will chime in and lead most to Monero.

If we would imagine the more and public exposure Bitcoin gets during the bull runs, the US Congressional debates, the regulations governments put on exchanges; while also a huge global economical recession/depression coming up in the near future (1-2 years)... the more people with massive wealth are going to look/get their feet wet with reallocating their assets to Bitcoin & gold, probably.

Only then will it be more public knowledge of the issues of storing wealth in something that is not fungible, because surely there will be a time when one of those people who bought Bitcoin off of someone else (not a central exchange) and put those coins on a centralized exchange, and will be denied for whatever reason due to their level of taint.

... word amongst the elite class travels fast after that I would think.


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Monero
XMR Open Alias: phishead@xmr.id
"I just opened a 2004 barolo in your and all the devs honour"  eyejay:  Decemeber 22nd, 2016
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July 21, 2019, 05:28:07 PM
Last edit: July 21, 2019, 11:47:29 PM by Febo
Merited by Hueristic (1)
 #41090

The article on itself is an interesting read and not something i consider specificly a FUD article.

It is when you write something in article and write something else in conclusion and the title. That is FUD for me. Also this is not the first article. They started with it about a month ago. And as I said you cant be sure if authors dont have will and knowledge and just copy/paste them or they deliberately want to curve the truth.  My concern is because things are so clear. Everyone that at least few weeks read about Bitcoin could understand what a minting bug is. How can you not understand that. This guy here still mention bug in a wallet even one month after HackerOne bugs were announced and 4 months after it was fixed. If it would be minting bug he would write about it 4 months ago.  Minting bug happened to Bitcoin and few millions BTC were printed and they forked it back then.  It is also simple that bounty programs are there to find bugs that latter gets fixed and latter on if project is normal, those bugs also gets announced. This two are reasons why I believe a month ago this story was brought out as a FUD. That was a time when Bitcoin made a jump to $13k.
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July 22, 2019, 02:40:27 AM
 #41091

We already know that Cointelegraph is owned by the Bytecoin/Minergate/Changelly/CoinMarketCap people. Why entertain their drivel?
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July 22, 2019, 01:07:58 PM
 #41092

We already know that Cointelegraph is owned by the Bytecoin/Minergate/Changelly/CoinMarketCap people. Why entertain their drivel?

To be honest, I tend to forget which interest owns which popup faux news sites now, there are just too many. i need a easy to referance chart. That would be a nice thread i would think.
So is there a thread on Bytecoin/Minergate/Changelly/CoinMarketCap connections. i remember Bytecoin/Cointelegraph and Minergate/Bytecoin being connected in a thread somewhere but I didn't know about the others, is this conjecture or do you have some links. Aren't these same russians connected to coinhive.

My memory just keeps getting worse. Smiley

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July 22, 2019, 01:45:11 PM
 #41093

I think fungibility will be the next big thing in the space starting 2020.  Almost everybody hasn't realized it yet.  They will and hopefully it isn't too late.
I agree. The more regulation there is, the more exchanges and other services be picky about coins they will or will not accept.

And the more stories peoples hear about declined or "frozen" bitcoins, the more they will start to look what can be done about it. That's where fungibility will chime in and lead most to Monero.

If we would imagine the more and public exposure Bitcoin gets during the bull runs, the US Congressional debates, the regulations governments put on exchanges; while also a huge global economical recession/depression coming up in the near future (1-2 years)... the more people with massive wealth are going to look/get their feet wet with reallocating their assets to Bitcoin & gold, probably.

Only then will it be more public knowledge of the issues of storing wealth in something that is not fungible, because surely there will be a time when one of those people who bought Bitcoin off of someone else (not a central exchange) and put those coins on a centralized exchange, and will be denied for whatever reason due to their level of taint.

... word amongst the elite class travels fast after that I would think.

The more BTC gets to be more adopted by the mainstream, the more the establishment would crave to control it.  And the BTC blockchain's transparency won't be any help...  That's where XMR comes in.

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.
●/
●/
●/
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GAME SHOW
LIVE CASINO
●/
●/
ROULETTE
BLACKJACK
▄▄▄▄▄▄▄▄▄▄ ▄▄ ▄
|████████████████████████
.
ROLLBIT NFT
.
████████████████████████
ROLLBOT
ROLLBOXES
MARKETPLACE
|
   BONUS BATTLES   
.....WINNER TAKES ALL.....
TWITTER     |     DISCORD
..PLAY NOW..
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July 22, 2019, 10:09:46 PM
 #41094

Interesting, it made me look up the mentioned bug and i found this article :

https://cointelegraph.com/news/monero-reports-on-resolving-fake-xmr-minting-bugs-a-month-after-fix

Quote
they cannot guarantee no new coins were minted


No new coins were minted. Guaranteed.


Having a closed blockchain like that of Monero + existance of critical bugs for some time + the increased number of Monero mining malware out in the open
makes it difficult for me to accept any ultimate guarantee on this matter.

It is true that these fake minting bugs only affect  exchanges, but what is to say hackers did not locate a (smaller) exchange / exchanges already
and were abusing them this way untill Monero patched up these bugs ? Whats to say these exchanges can even identify such problem occurring or having ocurred
on their exchange ?

Also the article mentions 9 security bugs of which 8 have been patched. Does this mean 1 is still open ?

Note Darkcoin sig on this one.  Don't take it too seriously if it's from the Evan cult.  It's just bruised D-heads in the rear view mirror.  They will only tempt Icebreaker to fire back, and he will not be as reasonable or nice as smooth.

我想要火箭和火车
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July 23, 2019, 01:16:22 AM
 #41095

Interesting, it made me look up the mentioned bug and i found this article :

https://cointelegraph.com/news/monero-reports-on-resolving-fake-xmr-minting-bugs-a-month-after-fix

Quote
they cannot guarantee no new coins were minted


No new coins were minted. Guaranteed.


Having a closed blockchain like that of Monero + existance of critical bugs for some time + the increased number of Monero mining malware out in the open
makes it difficult for me to accept any ultimate guarantee on this matter.

It is true that these fake minting bugs only affect  exchanges, but what is to say hackers did not locate a (smaller) exchange / exchanges already
and were abusing them this way untill Monero patched up these bugs ? Whats to say these exchanges can even identify such problem occurring or having ocurred
on their exchange ?

Also the article mentions 9 security bugs of which 8 have been patched. Does this mean 1 is still open ?

just beacuse its centralized doesnt make it bad just look at libra another millennial "privacy" coin lol Wink ha

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July 23, 2019, 02:40:21 AM
Merited by Hueristic (1)
 #41096

We already know that Cointelegraph is owned by the Bytecoin/Minergate/Changelly/CoinMarketCap people. Why entertain their drivel?

To be honest, I tend to forget which interest owns which popup faux news sites now, there are just too many. i need a easy to referance chart. That would be a nice thread i would think.
So is there a thread on Bytecoin/Minergate/Changelly/CoinMarketCap connections. i remember Bytecoin/Cointelegraph and Minergate/Bytecoin being connected in a thread somewhere but I didn't know about the others, is this conjecture or do you have some links. Aren't these same russians connected to coinhive.

My memory just keeps getting worse. Smiley

I'm not sure if there was ever a thread on it, but for a while the connections were explicitly advertised on sites themselves ("brought to you by Minergate"). I never could figure out why it seemed they wanted you to know who was behind it. There were other instances on reddit where service developers (Freewallet maybe) claimed to "know" the Minergate people, which in my mind is a dead giveaway because nobody knows them but them. Eventually they realized the association is bad for business, because both Changelly and HitBTC removed all mentions of affiliation with Minergate.

A few other connections were made obvious through the use of blatant cross promotion (Chainradar, Freewallet), or by reusing the same HTML boilerplate on landing pages. In the case of Cointelegraph, one of its authors came forward talked about the sites connections with Bytecoin.

Needless to say, there's never been a shortage of clues. Shortly after Monero.how was sold, Changelly advertisements began appearing on the front page. Coincidence? Smiley
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July 23, 2019, 03:22:43 AM
 #41097

We already know that Cointelegraph is owned by the Bytecoin/Minergate/Changelly/CoinMarketCap people. Why entertain their drivel?

To be honest, I tend to forget which interest owns which popup faux news sites now, there are just too many. i need a easy to referance chart. That would be a nice thread i would think.
So is there a thread on Bytecoin/Minergate/Changelly/CoinMarketCap connections. i remember Bytecoin/Cointelegraph and Minergate/Bytecoin being connected in a thread somewhere but I didn't know about the others, is this conjecture or do you have some links. Aren't these same russians connected to coinhive.

My memory just keeps getting worse. Smiley

I'm not sure if there was ever a thread on it, but for a while the connections were explicitly advertised on sites themselves ("brought to you by Minergate"). I never could figure out why it seemed they wanted you to know who was behind it. There were other instances on reddit where service developers (Freewallet maybe) claimed to "know" the Minergate people, which in my mind is a dead giveaway because nobody knows them but them. Eventually they realized the association is bad for business, because both Changelly and HitBTC removed all mentions of affiliation with Minergate.

A few other connections were made obvious through the use of blatant cross promotion (Chainradar, Freewallet), or by reusing the same HTML boilerplate on landing pages. In the case of Cointelegraph, one of its authors came forward talked about the sites connections with Bytecoin.

Needless to say, there's never been a shortage of clues. Shortly after Monero.how was sold, Changelly advertisements began appearing on the front page. Coincidence? Smiley

Thanks for the recap, I either forgot or never knew Monero.how was sold.

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July 23, 2019, 10:55:23 PM
 #41098

Is monero worth a buy now? 
If you believe in future of privacy coins - yes.
McAfee is shilling it for example

Nick Szabo is shilling it too.


Was there any article yet that Nick Szabo made Monero?   Strange how article writers can make a bug stories, but they cant make Monero creator story when Nick Szabo shill Monero.
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July 24, 2019, 03:20:12 PM
 #41099

Come on guys, pamp her. This is the time  Grin
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July 28, 2019, 07:06:47 AM
Merited by Hueristic (1)
 #41100

We already know that Cointelegraph is owned by the Bytecoin/Minergate/Changelly/CoinMarketCap people. Why entertain their drivel?

To be honest, I tend to forget which interest owns which popup faux news sites now, there are just too many. i need a easy to referance chart. That would be a nice thread i would think.
So is there a thread on Bytecoin/Minergate/Changelly/CoinMarketCap connections. i remember Bytecoin/Cointelegraph and Minergate/Bytecoin being connected in a thread somewhere but I didn't know about the others, is this conjecture or do you have some links. Aren't these same russians connected to coinhive.

My memory just keeps getting worse. Smiley

Is this the thread you are thinking about?
https://bitcointalk.org/index.php?topic=740112.0

You can't win if you don't play. But you can't play if you lose all your chips. First I found bitcoin (BTC). Then I found something better, Monero (XMR). See GetMonero.org
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