Thread 60779738

Is it over?

>>60779738 (OP)
yeah, the 51% attack was successful — trust is shattered

>>60779738 (OP)
Did anything happen?

>>60779738 (OP)
not yet, qubic hasn't fucked it up too hard yet. if worst comes to worst. it goes under and somebody makes a new coin from it's ashes.

>>60779738 (OP)
PayPal and CBDC won

>>60779738 (OP)
qrd?

>>60779738 (OP)
wownero won.

>>60779738 (OP)
That is why I use ether

it's over

I’m not a crypto bro but there was a time a couple years back that I was intrigued by the technical aspects of XMR (at a high level; I’m not a programmer). Wasn’t there supposed to be a forthcoming major overhaul of Monero with Seraphis and Jamtis? Whatever happened to that? Has development in general just slowed way down since 2023? If so, why?

I fucking hate vague posters, I'll visit /biz/ for more information

>>60779749
>>60779742
>>60779740
not sure but probably this
https://www.ainvest.com/news/qubic-temporarily-controls-52-72-monero-hashrate-security-test-2508/

>>60779738 (OP)
>A group has 51% of the hashrate
>This is supposed to scare me because ??

Glowies have 100% control of BTC and other crypto at all times dues to being able to view all fiat transactions and follow the money easily through every other chain.

All it takes to make Monero secure is hosting my own private node which I can do on a mini PC, I could even use my old raspberry pi if I wanted to, its still extremely fucking hard to impossible to actually accurately trace transactions all the way back to source even if they had 75% control.
Its still fine, this does need to be addressed but you'd still have to be committing fraud worth tens of millions to be worth the effort to track through this.

>>60779742
if someone can obtain a majority hashrate for any duration then the network becomes centralized. a centralized network means someone is controlling it. the controller can manipulate transactions. they could block transaction from ever reaching the ledger or fork the entire network to double spend transactions. former coins that became centralized died, faith gets shattered (see ETH). the idea someone now or in the future could just come along and take control triggers extreme paranoia in cryptobros.

>>60779751
>All it takes to make Monero secure is hosting my own private node which I can do on a mini PC, I could even use my old raspberry pi if I wanted to
Got any docker?

>>60779750
What a pathetic bunch

>>60779738 (OP)
yes, that's what they get for being cultist retards disregarding game theory

>>60779751
using l2 leaves no traces so no

>make mining unprofitable
>wonder why anyone isn't joining mining efforts

>>60779756
>Make mining profitable
>More profitable coin comes along
>You're in shambles

>>60779757
decentralized money is a winner take all thing

Once again, it was a scam all along.

>>60779751
No, you need hash rate. Not just own node

>>60779751
>impossible to actually accurately trace transactions all the way back
they needn't that, only deny any transaction not coming from qubic

>>60779739
Is that from that silicon valley show?

>>60779738 (OP)
Yep. Hosting the monero blockchain takes up a shitload of space. Not worth it. I'll just buy my shit with cash.

>>60779744
some NSA sponsored shitcoin called qubic was able to gain a little over 40% hashrate and rearrange 6 blocks. they then wewnt on to claim "we did a successfull 51%, we control monero now lololol", then they got DDoSed, pissed and shat themselves, and that's pretty much where we are today

>>60779764
they reached 52%

>>60779764
>>60779744

The only thing I can find about their shitcoin is that actual bots on twitter keep reposting about it. Are they just trying to find people to dump their bags on?

Deepbit's mining pool also reached 50% on Bitcoin back in the day.
So, uh...did Bitcoin die?
People being stupid about not spreading hash around pools has happened many times over the years.
It's really a nothing burger.
Someone is just farming engagement.

usa, EU, ... they are being more and more friendly toward bitcoin meanwhile they want to ban monero. ask yourself why. monero is the true danger to the elites, banks, intelligence services...

>>60779738 (OP)
Literal fake news.

>>60778980
>>60778985

>>60779739
>>60779738 (OP)
QRD fellas?

>>60779770
>QRD fellas?
It's bullshit. See the XMR General on /biz/

>>60779738 (OP)
>pedocoin
rope on neck, quick

>>60779770
Apparently its a load of horseshit, however that's not gonna stop news sites from repeating the same thing over and over about "monero got 51% attacked its over!". They are literally marketing their shitcoin which is valued at less than a cent right now talking about "using AI in crypto".

https://miningpoolstats.stream/monero
Even if all of unknown was owned by Qubic, they at most would have 23% of the hashrate, which is no where near the 51% attack threshold.

tl;dr start mining monero

>>60779771
I think I'll take your suggestion

>>60779773
No one is even close to 51% what the fuck are these niggers smoking?

>>60779771
Some retard is apparently spreading completely made up bullshit to push their own shitcoin.

>>60779776
>>60779775
>>60779771
>>60779770

Anyone notice how when xmr hits the $400 range suddenly some news drops it back down to $200? First it was news about how the IRS found a way to track transactions, and now its news about how the network isn't secure.

I'm not pointing fingers but it's extremely odd.

>>60779764
ok, yeah, but that issue that "everyone" is talking about: "trust was shattered"... to me, that means that now monero is just like any other crypto, a shitcoin not worth anything if what i really seek is keeping the alphabet boys out of my finances. if its main use case and reason to exist is shattered, then i'll be better sticking with cash, precious metals, and old-school agorism/counter-economics for the time being

>>60779778
>that means that now monero is just like any other crypto
If it's like any other crypto then why do exchanges keep delisting it?
>then i'll be better sticking with cash, precious metals, and old-school agorism/counter-economics for the time being
lol. lmao even.

>>60779779
>my funny-mone's special, exchanges keep delisting it because it can be used to avoid control/laws/taxes, I'm such a anti-system!
>...
>lol, lmao why do you like avoiding control/laws/taxes?

kid, you're a brainwashed retard cultist and a dogmatic tool.

>>60779771
>trust 4chan
>trust /biz/

>>60779766
>The only thing I can find about their shitcoin is that actual bots on twitter keep reposting about it. Are they just trying to find people to dump their bags on?
Pretty much.

>>60779778
>literally nothing happened
>my trust is shattered
>i'll be better sticking with serial numbers, precious paper gold, and bullshit buzzwords
Yeah let me just """anonymously""" send 0.54 grams of gold across the world in a paper fucking envelope to pay my server hoster each month.
>>60779780
>you're a brainwashed retard cultist and a dogmatic tool
>shills magic boomer rocks as a solution to modern anonymous payments

>>60779780
>kid, you're a brainwashed retard cultist and a dogmatic tool.

Says the guy collecting rocks...

>>60779777
>they don't like when my coin goes MOOOOOON AAAHHHHHHHHH
didn't monerochuds hated moonfags and maxiparrots?

>>60779784
>>60779783
>no defense
I accept your concession.

>>60779785
>didn't monerochuds hated moonfags
Can confirm.

>>60779765
sure buddy, you did :)

>>60779778
>monero is just like any other crypto
and it always has bee. whatchu gonna do about it? cry? cum and shit your pants? Please, go ahead; and keep us posted

>>60779786
>babbles incoherent bullshit
>gets completely annihilated
>doesn't even attempt to explain how to use gold for anonymous payments
>i-i a-aacccept yy-your concession! i-i w-won!
yeah buddy you won a free and immediate trip back where you came from >>>/r/eddit

Lets say I host my own nodenin ordee to transfer
How fucked am I?

>>60779738 (OP)
>Talking about TECHNOLOGY on the TECHNOLOGY BOARD
>Gets moved to /biz/ because ???

Mods are niggers.

criminals BTFO HAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAAHHAHAAHAHAHAHHAHAHAAH
we told you

>>60779800
>Mods are niggers.
The sky is blue and water is wet. Thanks for stating the obvious

>>60779800
>/g/ - literally anything but technology
I genuinely don't know why we even have that board, might as well rename it to what it is, twitter screenshots and ragebait.

>>60779790
you're pretty stupid and unaware of what's happening around (you)
I don't need to explain shit, I'm not preaching gold as a medium for regular transactions, much less anonymous payments. You're a fucking retard and missed the point.
Also, far more relevant, given the 51% attack *may* be pure FUD, the fact that your beloved shitcoin's stability relies on a "decentralized pool" that shits the bed whenever literal twitter memes spark a bit fear, sorry, but that doesn't speak well of the reliability of a project whose main use case is anonymous payments. Please, change your diapers.
>back where you came from >>>/r/eddit
you don't even read /xmr/? They are preaching r/Monero as a trustworthy source. Fuck! a literal r*dditor is telling me to go back to r*ddit.

>>60779771
cope
they were literally able to double spend

>>60779898
You type like a schizophrenic.

>>60779741
Similar code but pos, could it work? Pos was superior after all

>>60779738 (OP)
ZKP based privacy systems are superior and should take over anyways

>>60779898
>yet more incoherent babbling
>nufag painfully overcompensating towards the end
uh huh >>>/r/eddit

>>60779898
>yeah it's fud but xmr is finished! FINISHED! AND REDDIT
I'm genuinely asking does anyone understand what this aids riddled faggot is trying to say?

>>60780254
No fucking clue I'm still trying to decipher his newfag tantrum.

>>60779751
why not just use tornado cash

>>60779942
>>60780235
>>60780254
>>60780262
all me btw

>>60779738 (OP)
once they reach 51% they will be able to double spend, then confidence in monero is done it's going to 0

>>60779777
this and chainlink. both /biz/ coins are being kept down to prevent anons from getting rich even though we deserve the money for cracking the code of the matrix

>>60779751
>follow the money easily
hahahahhahaahaahahahahahaha
we have seen their expert traces on the tornado case LMAOOO

>>60779739
>the 51% attack was successful
he didn't rob anyone

>>60779778
>trust was shattered
you don't even know what's happening lol
a 51% does not attack the chain, it double spends an address
you are literally a NPC retard

>>60779769
>>>/g/106237238
>broken links got fixed by the move

>>60779766
hacker-san?

>>60779762
they put that in the show because its a real thing