/biz/ - Business & Finance

I thought so for a time. Actually I was holding from 2018 until october 2020. But honestly they won't get this out to the masses. They've become desperate due to lack of partners.
I'm a keen believer in $ROSE instead now.

>>24782088
ROSE might also be good. But ROSE is not finished yet. ROSE is not live. So I think SCRT will win.

Bro, first rule of secret network...
BABYLIKE

>>24782393
are you not supposed to talk about it?

Secret will finally do what blockchains were always meant to do.

Rose is garbage

>>24781996
Yes.

Could be. 5% of my bags is SCRT.

>>24782088
At some point you'd have to have more than partnership to your network

>>24781996
this is bound to crash hard. The marketing guy keeps propping it up with meaningless news

none of the fancy new shitcoins have such a low supply or good team, scrt is OG smart. This is how you get a coin to go to $10+.

also, I wouldn't trust any network that depends on Intel TEE

https://arstechnica.com/information-technology/2020/06/new-exploits-plunder-crypto-keys-and-more-from-intels-ultrasecure-sgx/
https://www.theregister.com/2019/02/12/intel_sgx_hacked
https://www.bleepingcomputer.com/news/security/new-sgaxe-attack-steals-protected-data-from-intel-sgx-enclaves/
https://www.researchgate.net/publication/315914013_Cache_Attacks_on_Intel_SGX
https://www.csoonline.com/article/3489502/remote-hackers-can-modify-cpu-voltage-to-steal-secrets-from-intel-sgx-enclaves.html
https://www.cs1.tf.fau.de/research/system-security-group/sgx-timing/
https://www.securityfocus.com/bid/101919
https://core.ac.uk/download/pdf/129863707.pdf
https://www.usenix.org/system/files/conference/woot17/woot17-paper-brasser.pdf
https://www.securityweek.com/intel-chip-flaws-expose-millions-devices-attacks
https://twitter.com/themadstephan/status/1270403954946592769
https://arxiv.org/pdf/1802.09085.pdf
https://sgaxe.com/files/SGAxe.pdf

>>24783897
but chainlink depends on Intel TEE and they went to 5 billion market cap
SN is just 40 million or something

>>24783959
intel tee in chainlink is only a supplementary feature

>>24784061
their valuation certainly depends on it
they talk about sending your passwords and other stuff to the nodes
and to let the nodes perform swift payments
can't work the way it is supposed to without intel TEE
because it guarantees that the oracle fetches the correct source etc.

Rose claims to use tee but has no privacy

Scrt uses tee

Which is better scam?

they lost all of my trust when they doubled the supply.
and all their link fud makes them look like jealous faggots.

>>24783897
No one denies their vulnerabilities
But if you want to FUD, you should provide a real case of an exploit that would be practical
Don't forget that malicious nodes can be killed and lose their stake, and have to operate at a certain rate

these scumbags dealt behind everyones back hooking up their friends with SCRT printers during the SEC case

you are an absolute moron if you trust them

>>24784288
ROSE is not dependent solely on Intel TEE, they also support amd's TEE and some other TEE. Read their whitepaper.
>>24784313
>Don't forget that malicious nodes can be killed and lose their stake, and have to operate at a certain rate
you wouldn't know if a node is malicious, unless it modified the inputs/outputs. If it just reads the inputs and logs them, then you won't know and can't punish them.

>>24781996
Shill me Secret, i will buy for 20,000$

>>24784422
>you wouldn't know if a node is malicious, unless it modified the inputs/outputs. If it just reads the inputs and logs them, then you won't know and can't punish them.
But since it's a decentralized network, wouldn't random chunks of data be useless?

Rose doesn’t depend on tee but they also have absolutely nothing unique to offer without their privacy working. Why wouldn’t someone just use ethereum instead of rose? Eth is more private than rose with snarks.

So I ask again. Which is better scam? I want to only invest in the best scam

>>24784465
no, if you have say an "authenticate" function in your contract then it takes "login" and "password" as inputs and that's what a node will get. You can't split the computation.

>>24784473
SCRT has better marketing and will probably go beyond ROSE's market cap, so go with that

>>24784595
you know 3 years ago there were a lot of people shitting on link
you sound like those people
remember this old video?
https://youtu.be/gFmKlkhoOXY

>>24784783
It's not about shitting on stuff just for the sake of it
He brings interesting points which no one here is debunking

>>24784783
>remember this old video?
Also did you see his other videos?
That guy is either an hilarious troll or a nutcase

>>24784830
it has been debunked
yes there have been vulnerabilities in Intel SGX
we all aware of that
but that does not make secret network useless
and certainly not for DeFi
people are not going to use secret network just for tax evasion
but because the advantages you get from using a protocol where input and output can be hidden

so if a major vulnerability is discovered, a real major one that makes it possible to decrypt all data on the chain (THIS IS A BIG IF!!!)

well, who cares if months old DeFi data is revealed? the data is no longer relevant anyway

of course if you put medical records on secret network, then there is a problem (if the BIG IF ever happens), but that is not the kind of apps they are building right now anyway

how do you feel about that debunking?

>>24784915
>it has been debunked
Where?

>but because the advantages you get from using a protocol where input and output can be hidden
He just gave papers which claim otherwise
What's your counter argument?

>>24784874
he is a funny guy, yeah I watched some of his videos in the past

>>24784915
>how do you feel about that debunking?
You just claim stuff without proving anything or providing relevant sources
That's not debunking anything

>>24784945
what didn't you understand with my argument...
right now it is private.
all the shit he posted has been patched.
that was my point.
he is saying
> uh maybe something happens in the future
then I am saying, well, it wouldn't even matter for most of the defi stuff has a temporal property
it needs to be private when it occurs
if it is revealed a month later who cares?

>>24784995
do you know what a software patch is? an update?
you do know that all the nodes on secret network must have updated hardware and software right?

>>24785003
Don't take it as an attack against you or the network
I'm here to understand and want to build confidence because I'm very interested in the concept of privacy and I genuinely believe it would be top 5 IF it can prove to be secure

>>24781996
Secret is a rebrand of the Enigma scam. You have to be crazy to buy this.

>>24785026
>you do know that all the nodes on secret network must have updated hardware and software right?
But what prevents them to fake being "updated"? The other guy mentioned a paper which claims it can fake being a secure node

>>24785062
https://micky.com.au/45-million-ico-ordered-to-return-funds-to-investors/

>>24785045
It has been live since the summer (including testnets)
nobody has been able to break it yet
that might be some comfort to you

it is like bitcoin, nobody trusted it in the beginning

>>24785157
>nobody has been able to break it yet
How can you tell? Maybe they have and are just waiting for the right moment to make as much profit as they can out of it?
This is pure speculation of course but that statement for me doesn't really prove anything

>>24785091
they use this
https://software.intel.com/content/www/us/en/develop/topics/software-guard-extensions/attestation-services.html
just give intel a call and ask them how secure their remote attestation is
please record the call on post it here
I would like to hear as well

>>24785202
secret network give out bounties
+ you could also get bounty from Intel probably
if you are able to break SGX

>>24785218
>ask intel if intel is secure
kek
>https://software.intel.com/content/www/us/en/develop/topics/software-guard-extensions/attestation-services.html
this was broken recently, see pic related

>>24785245
Like what? $10000?
Imagine we wait for an exchange or DEX with leverage enabled and the hacker just happen to short x100 before revealing the big flaw which would render the network useless?

I understand what you're trying to say, but I'm just saying for something this big, I don't see it as an incentive


Anyway since you're not really giving me direction (again, don't take it as an insult ... you are not the first person who don't understand that I need all the details to make up my mind) I'm going to read all the links, papers and check on secret network website to see if I can build that confidence
Given the current volume, expect a big pump if I do

>>24784061
Didn't Ari Juels write a paper saying they were fine?

>>24785379
And that has not been patched?

>>24785491
of course it was, but you will never know if someone knew about the vulnerability before the white-hat hackers found it. It wouldn't even be possible to track the breach.
>>24785456
could you link it?

>>24785562
But they had not enabled secret contracts at that point. That happened in September.
So that particular vulnerability can’t be affecting the network

>>24785562
>of course it was, but you will never know if someone knew about the vulnerability before the white-hat hackers found it. It wouldn't even be possible to track the breach.
Wouldn't same go for sha256?
I mean ... there are no proofs that their doesn't exist an inverse function

>>24785435
Good luck. I don’t really care what you do to be honest. I’m not in this for some quick pump. I will hold for the next few years no matter what.

But I sincerely hope you find the right info. People like to shit on this project, so I’m just used to people talking shit, nothing personal towards you.

>>24785692
Can you choose which nodes you want to fulfill your request? Is there a marketplace?

>>24785689
That's not really comparable. You can't "reverse" a sha256 hash back into the data it was used to produce, mathematically at least. You can try to brute-force it for inputs like passwords, but that would take a very long time, especially if there was salt added to the password, which is the case with most applications.

>>24785869
All the nodes must verify the chain
Marketplace?
The leader gets selected based on tendermint pBFT

Projects like SCRT and ROSE will have it's time to shine when we get mainstream open-hardware TEE products. Until then, you have to trust that the node that takes your input is not malicious. With chainlink you can choose the nodes to fulfill your request, so they moved the responsibility to the user.

>>24785981
I don’t mind waiting for a few years.
If it goes 1000x from here.

>>24786058
any other projects you're looking forward to that use TEE?

>>24786130
LINK
I have been holding it since 2017