[XMR] Monero Speculation

[Hueristic]

Not to mention seized gold, oh wait I did.

[phishead]

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.

[Febo]

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.

[Johnny Mnemonic]

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

[Hueristic]

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.

[tokeweed]

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.

[kurious]

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

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.

[gembitz]

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

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 ha

[Johnny Mnemonic]

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.

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?

[Hueristic]

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.

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?

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

[Febo]

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.

[Bassica]

Come on guys, pamp her. This is the time 

[EuSouBitcoin]

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.

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

[tokeweed]

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.

Lol.  Cos he's too far out...  Amir Taaki could be more likely to be Monero's founder, thankful_for_today.  IMHO.

[Febo]

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.

Lol.  Cos he's too far out...  Amir Taaki could be more likely to be Monero's founder, thankful_for_today.  IMHO.

Oh, so you are saying not thankful for today but Nicolas van Saberhagen. Yes that makes sense Nick Szabo , Nakamoto Satoshi, Nicolas van Saberhagen.  Picture got way more clear now.

[kurious]

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.

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

I just lost most of today reading all that thread.  Amazing stuff - Bytecoin? What a scam!

[vdo]

Lol.  Cos he's too far out...  Amir Taaki could be more likely to be Monero's founder, thankful_for_today.  IMHO.

Big respect to Amir, but I don't think he's the man behind Monero. Even the Dark Wallet was abandoned and incomplete back then, let alone something like the Cyptonote wallpaper.

[KeyJockey]

I always kind of thought "Thankful For Today" meant Hal Finney, being as how he was dying and knew he'd not have many more "todays" left.

Hal being the force behind TfT wouldn't surprise me too much even without this "pointer" to it being him.

Or, maybe not.  Who knows.

Just a dumb random speculation ima throwin' out here on the thread today just so's you guyz knowz ima still hangin' around herez ;-)

[tokeweed]

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.

Lol.  Cos he's too far out...  Amir Taaki could be more likely to be Monero's founder, thankful_for_today.  IMHO.

Oh, so you are saying not thankful for today but Nicolas van Saberhagen. Yes that makes sense Nick Szabo , Nakamoto Satoshi, Nicolas van Saberhagen.  Picture got way more clear now.

Nah..  Don't think so.  Too obvious.  Lol.  And I was talking about Monero, not Cryptonote.

Lol.  Cos he's too far out...  Amir Taaki could be more likely to be Monero's founder, thankful_for_today.  IMHO.

Big respect to Amir, but I don't think he's the man behind Monero. Even the Dark Wallet was abandoned and incomplete back then, let alone something like the Cyptonote wallpaper.

Yeah...  I was just having fun putting out his name out there since we're just throwing darts at the dart board.  But Taaki speaks Esperanto and into protecting privacy and activism.

Was there any hints about thankful_for_today being a poker player at one point or went back packing around the Middle East?

[Febo]

Why there will never be any critical bug in Monero protocol? Because things are done as they should be. This was 4th audit of RandomX  this time by Quarkslab.  Before it was allready auditeted by Kudelski, X41 and TrailOfBits. Some may say it is overkill, but it is just to prevent wet dreams of "minting bugs" article writers.
 

Quarkslab has studied the security of the Monero Research Lab’s new Proof-of-Work algorithm called RandomX. The evaluation was spread over about three weeks for a total of 32 days with three engineers. It took over from three other security audits, all four made possible thanks to the Open Source Technology Improvement Fund.

Therefore, to maximize the value of a fourth review, Quarkslab focused part of its efforts on:

• the analysis of a few areas less covered by the previous reports,

• the analysis of the previous reports, the responses of Monero Research Lab, and the subsequent changes in the code and in the specifications.

Despite a highly complex and radically new subject, the documentation and code of RandomX were of very high quality. All the attack paths we could think of had already been taken into account or at least studied in the previous audits. Then we reviewed the previous reports, the Monero Research Lab replies and their subsequent code changes. We agree with them.

Moreover, we didn’t find any significant optimization of the proof-of-work algorithm, even with approximations.