What are Monero devs going to do to protect their investments from the imminent 51% attack? Can they fork out the qubic blocks to protect the network or is it over for the future of private finance?

>>60726094 (OP)
If they're smart, they would just change the mining algorithm at random intervals to disrupt the botnets. That way there won't be as much spare hashrate floating around for 51% attacks on Monero. Raising the memory requirement would also eliminate some of the botnets that mine using less capable systems.

>>60726094 (OP)
Pump the price to get more economically rational miners.

>>60726204
Higher price would help but that's a problem since Monero has been delisted from so many mainstream exchanges. It's much harder for a coin to pump if it doesn't trade on Binance unless it's a low market cap shitcoin which Monero is not.

>>60726260
>An attacker can only try to change one of his own transactions to take back
money he recently spent.
But in Monero nobody knows CFB's wallet. The panic could spread wider.

New possible lore just dropped, what if tradeogre (a popular exchange for monero) shut down operations because it's scared of being used to launder the 51% attack coins? CFB might already be having effects on the economy even if his attack is not real. The visibility of a real threat might be enough for the price to drop and thus security to become actually cheaper as a result.

>>60726223
The devs need to form a strategic council for price increase. I get it that lower price is good for buying up the coin and gaining more profit later but that wouldn't matter if security is also dirt cheap.

>>60726287
lmao qubic kys

>>60726287
The risk from feds isn't a double spend. It's them drowning the network in junk blocks, slowly cranking up the max block size, or filling them with infinity zero fee txs to deanonymize everyone else

>>60726094 (OP)
if they're not retards, they will introduce asics in monero in order for it to have a chance to be actually secure and not be randomly attacked

>>60726094 (OP)
>imminent 51% attack

You're clearly retarded if you actually believe it's more than a nothingburger.

>>60726094 (OP)
51% attack does not "attack the chain"
it's an attack on whoever receives the doublespend

>>60726287
>panic
you can literally just wait a longer confirmation window
also, if he is attacking an exchange, people will just call the cops on him

>>60726733
>>60726729
it still creates hindrances and distrust for the main use case of monero - p2p cash.
Either we need to switch narratives to something else like BTC and ultimately cuck out, or we need a task force funded by the devs to increase price. How can this be done? The question needs to be researched immediately.

>262 800 * 0.6 = 157680 xmr generated per year
>157 680 * 300 = 47304000 USD as per current low price of XMR

We need whales to start buying out every mined coin and causing a supply shock. It's only 3 942 000 USD a month to start causing serious price increases and XMR supply shortage.

>>60726094 (OP)
>>60726287
>>60726302
>>60726310
>>60726873
>>60726903
Kill yourself

Is there a website or something that breaks down where the monero mining hashrate originates from?

So whats the shit all about? Is there a mining pool thats getting close to 51% of the hash rate? We've had that a couple of times for many coins, and it never to my knowledge actually resulted in a 51% attack because mining POOL isn't a single person. Or is it just all theoretical and its not even close that?

>>60726094 (OP)
There is no attack, it's just Qubit trying to make the news.

>>60726918
Hello Sergey.

>>60726925
>miningpoolstats.stream/monero
This one is okay but keep in mind that individual hashrates are self-reported by each pool

where are the stats? this is the last one i know which points to nothing burger kinda:
https://gist.github.com/Rucknium/0873b10b6d36ff6c9d6f8f54107d16f7

this is not the first time monero (or bitcoin for that matter) had 51% scares. the last one was even worse because there actually was a pool with 51% for a moment if i remember correctly. there was no evidence of abuse though.

if you want to help:
1. Install Monero GUI wallet for an address.
2. Install Gupax for easy mod GUI miner:
https://gupax.io/

or if you're a linux autist the stack is monerod+p2pool+xmrig.

My monero is going to zero

>>60726094 (OP)
Didn't this faggot's pool have 20% of the hashrate on last report? That's a long way from 51%

Can someone in the EU make a petition like the recent Stop Killing Games thing? It might raise awareness in institutions and possibly even have sanctions applies to Qubic for being a disruptive actor in the economy.

>>60727152
He claims that some pools are not on our side. This is a serious threat.

>>60726918
how do you quote more than 5 people

>>60726918

WHAT KIND OF BULLSHIT IS THIS??

WHY CAN YOU DO IT BUT NOT ME?!?!?!?!

>>60727372
Also I just had an idea, can Monero devs petition the SEC to consider Qubic a security? It's acting like an organized entity with a CEO that's attacking other coins, surely Project Crypto would have something to say about such hostile actions in the new crypto environment they're trying to build?

>>60726903
Another possible way for whales to increase the price is to provide proof of reserves for large amounts of XMR that they publicly promise not to spend, thus locking it for some time and increasing scarcity. Whales that have a lot of it and are in the coin for long term profits lose nothing, but the perceived value should go up in the short term.

We need to increase the price, it's not even about the moon mission at this point but about securing the mars mission.

Is this bullshit the reason monero is getting destroyed lately?

>>60727428
Must be because normies on reddit are panic selling or whales/pools actually know what's up and have insider knowledge about the takeover. Monero devs needs to petition SEC/EU to stop this.

>>60727434
>petition SEC/EU
How fucking old are you? You need to be 18 to post here.

I agree that XMR needs to moon soon though.

>>60728126
fuck you i'm just about to get a real job. i need to acoomoolate. i had to watch like a cuck when monero was $180.

>>60726094 (OP)
>What are Monero devs going to do to protect their investments from the imminent 51% attack?
probably nothing. the sperg retard attempting the 51% attack broadcasted it to the world. the cartels that push monero will track him down and torture him to death.

>>60728286
tards shit talk monero not being pos or whatever when in reality, monero has the most advanced consensus algorithm: when a threat to the network is detected, the system deploys agents who will track down the threats and disconnect them from the matrix by a liberal application of a baseball bat

>>60726873
>it still creates hindrances and distrust
my nigger
blockchain does not rely on trust
you don't understand what cfb is trying to do and you don't understand this space

>>60728358
Uh I thought monerochan was nice

>The bad pool has currently mined 31 of the last 100 blocks.
Not good. So they currently have 31% of the hashrate but can they do more?

>>60726094 (OP)
It will go higher once compromised.

>>60730494
This is the highest they've had all day. They just have gotten lucky but still have nowhere near enough to cause damage. This whole thing is a nothing burger.

>>60730516
Also they don't have 31. The average of unknown blocks has always been 1.5. So that needs to be subtracted from the total.

>>60730494
again
that's not the question here
the question is: who are they double spending?
an exchange? a bridge? a liquidity pool? an atomic swap?

also, if gigachud thinks "code is law" is gonna save his ass from the police, he's very mistaken

also, the irony of getting charged with attempted robbery while using monero would be hilarious

why did qubic go into stealth mode on the mining lists? wouldn't it have been more sensible to flex with a mh/s comparison? or does cfb want to cover something up? (e.g. a failed experiment) and wasn't there supposed to be a 51% attack this weekend that "surprisingly" broke because according to cfb, qubic is being DDoSed, is there any evidence for this either?

i don't know but someone in this business stinks, everything is too good to be true. of course i hope there will be at least 50-9999x prices but all this that is happening is somehow strange.

but anyway, its very fun to watch moneropedotransexuals whining..

moneropedotransexuals whining in plebbit, in twitter... lmaooo

>>60726094 (OP)
the time of crypto is over. now its all about ai slop like clore and salad. these things come and go, first it was the mlm referral schemes then crypto now this ai stuff

>>60731992
what do you mean? The "attack" was a giant nothingburger. Qubic only mined 20% of the blocks and are complaining of a ddos attack kek.
NOTHING BURGER and retards like you and other anons in this thread fell for it.
Thanks for the cheap XMR.

>>60727152
you however have two pools holding half of the hashrate. why do so many use supportxmr anyway

Hopefully the founder of Qubic deletes himself from his minecraft server instead.

>>60732050
it wasnt attack like cfb himself described on a tweet not long ago, dyor.

he also tweeted, that he's bloodline got enough money to do anything he wants for 1000 years and his mission is more than money.

what i've learned is that he's after dogecoin and other pow coins next.

xmr bullrun target = zero

>>60732145
what if he's an ns A guy

this whole drama is quite entertaining not gonna complain.

>>60732382
pajeet hands typed this

>>60732029
delusional
ai can't use your bank
ai can use defi

>>60732382
>he's bloodline got enough money to do anything he wants for 1000 years
do not redeem the bloodline bloody

>>60732382
but why? why does this man hate privacy so much

>>60732382
uh uh

>>60732849
>why do scammers and grifters do things

>>60732849
>>60732861
endgame of crypto... what happens if they go after 'bigger fish' like he tweeted, kaspa, doge...

eventually btc?

maybe he is satoshi and xmr creator and maybe he is also one of the guys behind dogecoin.. ltc...

however i will ride this qubic train to the moon and beyond

>>60726094 (OP)
I figured this was a nothing burger.
You don't see anything about qubic anywhere on the internet except on XMR threads.

I actually loaded up yesterday at 293. Figured the qubic thing was too good to be true (for them). Qubic is also giga dumping so that's evident they've failed.

It was never going to work though. This was always qubic PR. XMR sub 300 is acquiring generational wealth now that the world is focusing on crypto. Also, exchanges are going to have to list XMR eventually. It's an inevitability. At most they'll do what kraken has done and make it so countries that ban it simply can't trade it, end of.

I have 140 XMR now, pretty happy with my bag. I say I'll sell at $1000 but realistically if this goes to $1000 it's going to $10,000