/biz/ - Business & Finance

>>30407639
>Monero is pretty useless and can't do shit with it. Can't audit supply.
>
>The fatass founder probably has a inflation bug and mints endless coins for himself.

Ancient FUD. You can verify the integrity of the supply by:

>Summing up all the coinbase outputs, which are unmasked (i.e. in the clear). Pic related.
>Verifying the underlying cryptography (mathematics) of the confidential amounts implementation.
>Verifying the correctness of the implementation in the code.

Those essentially guarantee that the supply has not been maliciously inflated (i.e. unintended inflation has occurred). Note that a similar procedure has to be followed for transparent chains. Furthermore, a hypothetical inflation bug can go unnoticed even on a transparent chain.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

>>30397451
>Also the inflation bug

Ancient FUD. You can verify the integrity of the supply by:

>Summing up all the coinbase outputs, which are unmasked (i.e. in the clear). Pic related.
>Verifying the underlying cryptography (mathematics) of the confidential amounts implementation.
>Verifying the correctness of the implementation in the code.

Those essentially guarantee that the supply has not been maliciously inflated (i.e. unintended inflation has occurred). Note that a similar procedure has to be followed for transparent chains. Furthermore, a hypothetical inflation bug can go unnoticed even on a transparent chain.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

>>30161541
>I'm not really sure about this but to my knowledge supply isn't auditable

You can verify the integrity of the supply by:

>Summing up all the coinbase outputs, which are unmasked (i.e. in the clear). Pic related.
>Verifying the underlying cryptography (mathematics) of the confidential amounts implementation.
>Verifying the correctness of the implementation in the code.

Those essentially guarantee that the supply has not been maliciously inflated (i.e. unintended inflation has occurred). Note that a similar procedure has to be followed for transparent chains. Furthermore, a hypothetical inflation bug can go unnoticed even on a transparent chain.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

>>29299634
>How does this thing always mysteriously bleed out. It's almost like there isn't a set number of tokens.

You can verify the integrity of the supply by:

>Summing up all the coinbase outputs, which are unmasked (i.e. in the clear).
>Verifying the underlying cryptography (mathematics) of the confidential amounts implementation.
>Verifying the correctness of the implementation in the code.

Those essentially guarantee that the supply has not been maliciously inflated (i.e. unintended inflation has occurred). Note that a similar procedure has to be followed for transparent chains. Furthermore, a hypothetical inflation bug can go unnoticed even on a transparent chain.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

>>29053441
>The problem with XMR is that it could have an inflation bug and no one would ever know. There's speculation that that's why the price has been so terrible during this bull cycle. There's also the issue of it being a much bigger target for governments to regulate/ban.

You can verify the integrity of the supply by:

>Summing up all the coinbase outputs, which are unmasked (i.e. in the clear). Pic related.
>Verifying the underlying cryptography (mathematics) of the confidential amounts implementation.
>Verifying the correctness of the implementation in the code.

Those essentially guarantee that the supply has not been maliciously inflated (i.e. unintended inflation has occurred). Note that a similar procedure has to be followed for transparent chains. Furthermore, a hypothetical inflation bug can go unnoticed even on a transparent chain.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret