I agree with you, and I'm not being misquoted here.

But let's be real here, the entire market cap is like 5.5 million USD. That just isn't "large sums of money" when divided among a large number of participants. Its a very low speculative value fairly consistent with the risks involved balanced against what might be significant upside if the risks can be overcome.

Of course what is large to one person is small to another. Certainly no one should invest more than he or she can afford to lose in any speculative investment, and that includes not only any altcoin but any cryptocoin at all, in my view.

In a way there is. He could write up a description (or use some existing one he probably already has) and post a hash of it. After it is discovered by someone else, he can disclose his original writeup, and the hash can be verified.

BCX, most people that are interested in crypto know absolutely nothing about the underlying technology. We can read white papers and nod our heads in agreement.... feigning a sliver of understanding, then those tiny bits of knowledge are deleted from all thought almost immediately. We are fundamentally helpless to evaluate the true stability and safety of any coin we own.

The reason I say this, is because it is a waste of time for the crypto community and for individual investors to bother with coins that are flawed. They should be exploited and destroyed the moment they are proven vulnerable. Coins would be much more careful about launching, there would be a cost to launching a coin that is weak, today there is no such cost and the investor is left to simply gamble.

I would call upon you and your similarly capable friends to take it upon yourself to ALWAYS destroy a coin that is vulnerable, this includes low-hash coins, because 51% is a vulnerability that cannot be ignored. Someone has to be the police, we have police for a reason, to protect the innocent.

Please destroy Monero and any other coin that cannot withstand the force of your hashing resources, a two week notice should be all you provide, then execution, quick and painless. Slowly you can change this landscape full of scamming and thievery and lies.

@BCX (and or AnonyMint)

Regarding #1 and #3, is the BBR code base with its different PoW and other core changes already resistant to the same exploit?

Edit: https://github.com/cryptozoidberg/boolberry

I think there are other coins with foundations or similar groups? (I don't really know.)

I like you am too busy to pursue this. And if my hunch is correct, one needs significant hashing power to exploit it, which I don't have. Plus I don't want to create animosity with the developers, because I am hoping they will work with me in the future. I do appreciate your efforts and hope to be the beneficiary of your audit in the future.

Note he didn't confirm my hunch. There is also a possible antithetical meaning to the above post.


I intended to leave the forum for a while to get some work done, so the AnonyMint account was closed and I am happy for that. Because talk is cheap. And the silly arguing we were doing wasn't productive or had reached diminishing returns, especially compared to possible value I could create by coding and not talking. Or at least I wanted to not throw my reputation around because I am in support of the notion that the best code should win, not the best control over public opinion (yeah I wee bit annoyed that Monero tries to win with control over public opinion rather than not bashing the other CN coins and simply out innovating them and let their code speak for itself. And also a little bit annoyed that animorex and rpietila annoint the winner of altcoin innovation without seeing all the innovation and also with their limited understanding of the detailed issues involved. I am also guilty somewhat which is another reason to terminate AnonyMint. At the end of the day, we all need any innovations any one can do, and simply buying or earning bounties on that coin which is the most innovative will make us all rich so we don't need to get too overly aggressive on the public opinion battles.). I am in full support of any innovation that any altcoins can accomplish because I believe there are ominous threats to our human freedom on the near-term horizon which outweigh any of my personal desires for gain. For example, I am very interested in any exploit against one-time ring signatures, since I contemplated using them in an anonymity toolset. Notwithstanding though I would also like to make some money in this space and I trust myself to bring about the necessary innovations more than I trust any other developer or group of developers that I am aware of in this space. But if another development group leaps forward and proves me wrong, I might just have to join them. However, honestly I don't know too well TacoTime's (at al) capabilities or what they have in mind for the near-term future.  I am enticed back to this thread because some people who I think would be my angel investors (even if they don't know it) are also investors in XMR and BBR, thus I don't want them to lose the money that I am hoping they will invest on my efforts if ever I get there. Thus I want to try to ascertain whether there is any risk here on BCX's allegation. In short, if something is really important for the future of altcoins, I am drawn back to post.

Note I continue to get further evidence that jl777 doesn't have a deep grasp of the technology. Or at least some areas are not within his realm of expertise. I haven't looked at his code, and prolific coders can be extremely helpful if you keep them away from core things they don't understand well. Note I don't claim to be omniscient or to not make mistakes. And I don't claim to be better at cryptography than gmaxell and other core Bitcoin developers. I am a recent autodidact on cryptography and I am a generalist. So I have some distinct disadvantages, but I also have some creative freedom they may not have.

I learned in this thread that gmaxell (and Adam Beck?) semi-regularly communicate with the Monero developers. Well he thinks I am an idiot, so you have a strong ally I would probably never attain. Closing AnonyMint and stop fighting with the smart developers is a wise step on my part.

Apparently you have- your words were attack enough- no need to actually do anything.

No- he shouldn't not say anything. But he can't say in the same breath that he isn't attacking it . I know he means actually using the flaw- but if people believe he is right then he doesn't have to actually do it- it's the same result.

Okay sorry.