Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
antw081
on 21/07/2017, 07:38:35 UTC
People seem to have forgotten that the Monero devs discovered a critical bug in CryptoNote not too long ago that if exploited could allow double spending to occur. Thankfully our devs spotted it before anyone else and patched it before it could be exploited in Monero.

For those who were here back in 2014(?), an attacker successfully caused a network fork in Monero by exploiting a bug again in CryptoNote.

Software is hard. One single typo in a line of code could potentially cause catastrophic failure. Monero exist in an adversarial environment with attacker looking for bugs / weaknesses to exploit. This is the risk we are dealing with. If you are going into buy into Monero or any other crypto, you should be aware of this risk.

I don't know what is the real intent of Fluffypony when he says "don't buy Monero", but I half suspect he ain't entirely joking.

P.S. Ultimately, action speaks louder than words. Our devs have worked largely unpaid and mostly unappreciated for many years to protect and enhance the privacy & financial wealth of the users and holders of Monero. So at least from me, I tip my hat off to Fluffypony, Smooth, Moneromooo and many more Monero devs / contributors for their hard work.