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Monero Under Attack | MONERO MONTHLY 08

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Manage episode 498208020 series 2613291
Content provided by Max BBB and Ungovernable Misfits. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Max BBB and Ungovernable Misfits or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
A monthly show where Max and Seth take a trip down memory lane to see what happened in the last 4 weeks of Monero.
What to know
  • Supposedly launching a 51% attack on August 2nd
  • Theoretically have shown the ability to deploy ~30% of the network hashrate for a 6h period, and only peaking at 20% over a 24h period as of July 28th
  • Founder has been doxxing Monero community members and slandering many others
  • Clearly a marketing ploy of a dying coin IMO, but a good test of Monero's PoW decentralization and resistance
  • Their goal, quote by Luke Parker:
Fear-mongering and promoting a project which aims to remove Monero's decentralized block building, and appears to be the same as any other centralized mining pool (even if shares are submitted over some centralized network), don't contribute though. Don't get manipulated into it.
What you can do
  • Mine Monero via p2pool to do your part securing Monero
  • If the attack actually happens, be wary of accepting Monero without sufficient confirmations for goods and services
    • The more confirmations, the more hashrate required to re-org the chain and double spend
    • If running BTCPay, you can easily change the number of confirmations required in the "XMR Wallet" settings on the left side bar
Call out Selsta's tireless efforts
Software updates
Cake Wallet released v5.2.0
  • BIP 353 proof support for hardware wallets
  • Improved support for Cupcake
    • Monero and Bitcoin view-only support
  • Ledger for desktop
    • macOS and Windows
  • Automatic node switching
  • Minor Silent Payment enhancements and fixes
Cake Wallet released v5.1.0, 5.1.1, 5.1.2
Monero v0.18.4.1 released
p2pool v4.9 released
Eigenwallet v3.0.0-beta released
Cuprate v0.0.5 released

IMPORTANT LINKS

VALUE FOR VALUE
Thanks for listening you Ungovernable Misfits, we appreciate your continued support and hope you enjoy the shows.
You can support this episode using your time, talent or treasure.
TIME:
- create fountain clips for the show
- create a meetup
- help boost the signal on social media
TALENT:
- create ungovernable misfit inspired art, animation or music
- design or implement some software that can make the podcast better
- use whatever talents you have to make a contribution to the show!
TREASURE:
- BOOST IT OR STREAM SATS on the Podcasting 2.0 apps @ https://podcastapps.com
- DONATE via Monero @ https://xmrchat.com/ugmf
- BUY SOME STICKERS @ https://www.ungovernablemisfits.com/shop/


FOUNDATION
https://foundation.xyz/ungovernable
Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.
As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil”.
Thank you Foundation Devices for sponsoring the show!
Use code: Ungovernable for $10 off of your purchase


CAKE WALLET
https://cakewallet.com
Cake Wallet is an open-source, non-custodial wallet available on Android, iOS, macOS, and Linux.
Features:
- Built-in Exchange: Swap easily between Bitcoin and Monero.
- User-Friendly: Simple interface for all users.
Monero Users:
- Batch Transactions: Send multiple payments at once.
- Faster Syncing: Optimized syncing via specified restore heights
- Proxy Support: Enhance privacy with proxy node options.
Bitcoin Users:
- Coin Control: Manage your transactions effectively.
- Silent Payments: Static bitcoin addresses
- Batch Transactions: Streamline your payment process.
Thank you Cake Wallet for sponsoring the show!


MYNYMBOX
https://mynymbox.io
Your go-to for anonymous server hosting solutions, featuring: virtual private & dedicated servers, domain registration and DNS parking. We don't require any of your personal information, and you can purchase using Bitcoin, Lightning, Monero and many other cryptos.
Explore benefits such as No KYC, complete privacy & security, and human support.

  continue reading

384 episodes

Artwork
iconShare
 
Manage episode 498208020 series 2613291
Content provided by Max BBB and Ungovernable Misfits. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Max BBB and Ungovernable Misfits or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
A monthly show where Max and Seth take a trip down memory lane to see what happened in the last 4 weeks of Monero.
What to know
  • Supposedly launching a 51% attack on August 2nd
  • Theoretically have shown the ability to deploy ~30% of the network hashrate for a 6h period, and only peaking at 20% over a 24h period as of July 28th
  • Founder has been doxxing Monero community members and slandering many others
  • Clearly a marketing ploy of a dying coin IMO, but a good test of Monero's PoW decentralization and resistance
  • Their goal, quote by Luke Parker:
Fear-mongering and promoting a project which aims to remove Monero's decentralized block building, and appears to be the same as any other centralized mining pool (even if shares are submitted over some centralized network), don't contribute though. Don't get manipulated into it.
What you can do
  • Mine Monero via p2pool to do your part securing Monero
  • If the attack actually happens, be wary of accepting Monero without sufficient confirmations for goods and services
    • The more confirmations, the more hashrate required to re-org the chain and double spend
    • If running BTCPay, you can easily change the number of confirmations required in the "XMR Wallet" settings on the left side bar
Call out Selsta's tireless efforts
Software updates
Cake Wallet released v5.2.0
  • BIP 353 proof support for hardware wallets
  • Improved support for Cupcake
    • Monero and Bitcoin view-only support
  • Ledger for desktop
    • macOS and Windows
  • Automatic node switching
  • Minor Silent Payment enhancements and fixes
Cake Wallet released v5.1.0, 5.1.1, 5.1.2
Monero v0.18.4.1 released
p2pool v4.9 released
Eigenwallet v3.0.0-beta released
Cuprate v0.0.5 released

IMPORTANT LINKS

VALUE FOR VALUE
Thanks for listening you Ungovernable Misfits, we appreciate your continued support and hope you enjoy the shows.
You can support this episode using your time, talent or treasure.
TIME:
- create fountain clips for the show
- create a meetup
- help boost the signal on social media
TALENT:
- create ungovernable misfit inspired art, animation or music
- design or implement some software that can make the podcast better
- use whatever talents you have to make a contribution to the show!
TREASURE:
- BOOST IT OR STREAM SATS on the Podcasting 2.0 apps @ https://podcastapps.com
- DONATE via Monero @ https://xmrchat.com/ugmf
- BUY SOME STICKERS @ https://www.ungovernablemisfits.com/shop/


FOUNDATION
https://foundation.xyz/ungovernable
Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.
As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil”.
Thank you Foundation Devices for sponsoring the show!
Use code: Ungovernable for $10 off of your purchase


CAKE WALLET
https://cakewallet.com
Cake Wallet is an open-source, non-custodial wallet available on Android, iOS, macOS, and Linux.
Features:
- Built-in Exchange: Swap easily between Bitcoin and Monero.
- User-Friendly: Simple interface for all users.
Monero Users:
- Batch Transactions: Send multiple payments at once.
- Faster Syncing: Optimized syncing via specified restore heights
- Proxy Support: Enhance privacy with proxy node options.
Bitcoin Users:
- Coin Control: Manage your transactions effectively.
- Silent Payments: Static bitcoin addresses
- Batch Transactions: Streamline your payment process.
Thank you Cake Wallet for sponsoring the show!


MYNYMBOX
https://mynymbox.io
Your go-to for anonymous server hosting solutions, featuring: virtual private & dedicated servers, domain registration and DNS parking. We don't require any of your personal information, and you can purchase using Bitcoin, Lightning, Monero and many other cryptos.
Explore benefits such as No KYC, complete privacy & security, and human support.

  continue reading

384 episodes

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