/biz/ - Business & Finance

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Anonymous Mon Jul 15 12:33:21 2019 No.14797776 [Reply] [Original]

>there are likely hundreds, maybe thousands, of organizations that control more cpu than the entire network
>just one needs to be breached to reorg the chain and demolish the price
explain to a brainlet why this isn't talked about more? Moneristas seem like the type that would care.

>>	Anonymous Mon Jul 15 12:34:57 2019 No.14797800 >>14797776 yeah that is not a problem there are bigger problems with monero like you can denial of service it

>>	Anonymous Mon Jul 15 12:35:18 2019 No.14797807 >>14797776 And all hundreds of those organizations are going to collude ? Seems far fetched

>>	Anonymous Mon Jul 15 12:35:56 2019 No.14797814 >>14797807 I have no numbers but there are tons of server farms. Monero isn't that big. Prove me wrong. >protip

>>	Anonymous Mon Jul 15 12:36:13 2019 No.14797817 >>14797776 I was thinking about that: how many hash power does a supercomputer have? Not one from the top 10 worldwide, but a regular one used by all universities. ASICs in Monero would have keep it up both in price and network security.

>>	Anonymous Mon Jul 15 12:36:21 2019 No.14797818 File: 31 KB, 645x729, A99063B1-E38C-4645-9B89-DD491671B735.jpg [View same] [iqdb] [saucenao] [google] >>14797800 >You can denial of service it

>>	Anonymous Mon Jul 15 12:36:59 2019 No.14797829 >>14797807 >>14797814 I'm saying they can do it alone, no collusion.

>>	Anonymous Mon Jul 15 12:37:01 2019 No.14797831 >>14797818 get you some fud bro https://medium.com/@crypto_ryo/exchange-denial-of-service-in-monero-2b6f63454ac0

>>	Anonymous Mon Jul 15 12:37:23 2019 No.14797836 >>14797814 >I have no numbers >prove me wrong The burden of proof is on you

>>	Anonymous Mon Jul 15 12:38:02 2019 No.14797843 >>14797836 You're the one with the bags. Now shill.

>>	Anonymous Mon Jul 15 12:38:28 2019 No.14797849 >>14797829 You think one organiation has more cpu power than the entire global user base of Monero? Wow that’s some level of retardation I didn’t think possible

Anonymous Mon Jul 15 12:39:10 2019 No.14797859

>>14797776
>explain to a brainlet why this isn't talked about more?
If an attacker would mine a secret chain starting on block X, wait for the network to broadcast the very last block where a reorg is still possible (say block A at height X+9) and broadcast then immediately an alternate chain ending with block B at height X+9. Every nodes, some receiving A first and other receiving B first, will keep going on their own A or B chain and never switch to the other as the reorg would now be too long. Yet nobody knows which side should "--accept-reorg" as there is no ground truth, and the network is effectively split.

>>	Anonymous Mon Jul 15 12:40:42 2019 No.14797872 >>14797831 Kek, literally a non issue that affects no one made by some literal who shitcoin trying to be the next monero

>>	Anonymous Mon Jul 15 12:41:18 2019 No.14797880 >>14797849 Ok say I'm two orders of magnitude off. ~10 organizations. Comfortable with that? >>14797859 >very last block where a reorg is still possible Alright so it's like BCH and BSV, sacrifice convergence for reorg protection? Thanks

Anonymous Mon Jul 15 12:43:38 2019 No.14797901

>>14797880
I don’t think you understand how many people will be mining Monero with randomX. Even 10 organizations colluding couldn’t buy enough cpu power to compete with the worlds cpu power, especially as adoption grows it will get exponentially more difficult

>>	Anonymous Mon Jul 15 12:45:18 2019 No.14797922 >actually look it up >300MH/s >divided by 1kH/s for a 1080i >300k GPUs to 51% Am I wrong? Does not seem like something only google and the NSA could get. Especially for a short period of time with rented hashes, cpus, gpus, botnets.

>>	Anonymous Mon Jul 15 12:46:34 2019 No.14797939 >>14797922 I don’t even think they have that many in stock to buy

>>	Anonymous Mon Jul 15 12:49:26 2019 No.14797984 >>14797922 reorgs don't work like that you need like 70% + to really make it you cannot reliably create the longest chain with only 1% more

>>	Anonymous Mon Jul 15 12:51:07 2019 No.14798009 >>14797939 >rented >existing farms doing other shit >botnets >>14797984 Rusty on stats but assuming I start a shadow fork right now 51% should be plenty in, say, 1k blocks? Point is moot anyway since there is reorg "protection" aka not PoW

Anonymous Mon Jul 15 12:55:17 2019 No.14798051

>>14798009
you can have all the tricks in the world
once it is found out
it can be audited and a proper fork executed, and all false transaction nullified
....
but then you need to be able to also go after the new fixed chain, and if you still have the dominant hash you will destroy the cone

>>	Anonymous Mon Jul 15 12:56:57 2019 No.14798074 >>14798051 Yeah as I said the point is moot with the reorg cap. Social consensus model. I dig it, maybe it really is that easy once you have demonstrated the ability to hard fork often.

>>	Anonymous Mon Jul 15 12:58:16 2019 No.14798091 >>14797922 >>14797776 I am not going to tell you where you are wrong, but you are. Infact I just go and buy more now. Maybe you will find out sometimes but I actually hope you just don't get it, stay poor and kys when it moons.

>>	Anonymous Mon Jul 15 12:59:38 2019 No.14798104 >>14798091 dumb people like you show me that we are still early, when I came into crypto all the 130 iq people fomoes, not that you fomoed we are at about 90, right? plenty of room to go, the whole of africa is still about to fomo lmao

>>	Anonymous Mon Jul 15 13:00:49 2019 No.14798127 >>14798104 also my Id is greener than you take that as a sign

Anonymous Mon Jul 15 13:04:25 2019 No.14798181

>>14797880
>>>14797859 (You)
>>very last block where a reorg is still possible
>Alright so it's like BCH and BSV, sacrifice convergence for reorg protection? Thanks

no, BCH and BSV reorg protection is a engineering joke, like if 15 year old script kids play with the bash and think they are hackers.

XMR has a algo based natural reorg protection

>>	Anonymous Mon Jul 15 13:05:34 2019 No.14798205 File: 19 KB, 466x466, 1548645854162.jpg [View same] [iqdb] [saucenao] [google] >>14798091 >im buying more/filling up my bags pic related, always a good sign >>14798181 Thanks

>>	Anonymous Mon Jul 15 13:09:08 2019 No.14798267 XMR - The only coin that really matters.

>>	Anonymous Mon Jul 15 13:10:43 2019 No.14798295 >>14798267 It's the BSD of crypto

>>	Anonymous Mon Jul 15 13:28:26 2019 No.14798559 I just buy, it's the currency of the future. If it goes up in price now it'll just be more expensive for me. I'll never sell.

>>	Anonymous Mon Jul 15 13:31:37 2019 No.14798613 criminal shitcoin

>>	Anonymous Mon Jul 15 13:42:14 2019 No.14798766 >>14797776 Waiting for the faggot who spam every monero thread with 50+ replies. WHO could possibly be against financial privacy?

>>	Anonymous Mon Jul 15 13:45:31 2019 No.14798815 >>14798766 he arrived >>14798613

>>	Anonymous Mon Jul 15 14:13:10 2019 No.14799264 >>14798766 IT'S THE KIKES

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