In fact Karbo was patched BEFORE the disclosure


I dont want to be distrustful but if Karbo team patched its coin BEFORE the disclosure it could have theoretically been able to exploit this insider knowledge, issnt it? Or did the Karbo team detected the bug, patched the bug with its own coin and reported the bug instantly to the Bytecoin-team?

Or did the Bytecoin-team knew from the bug BEFORE disclosure, told other CryptoNote-protocol based currencies from it and disclosed the bug only later?

What happened exactly and why it did happen this way?

And who is able to fix a bug? Who has the power to change CryptoNote-protocol or was it the CryptoNote algorithm? (protocol = algorithm? I dont know. I am not a programmer)? Was this made by voting system? Who is able to change the code? And why it is so? Not that I as a holder of Karbowanec want to decide in programming decisions because I do not have the required knowlege nor the skills but I as a stupid prospective buyer want to know how everything works more or less respectively is connected with each other. Just to be sure not to own something which could be worthless over night.

As a holder of Karbowanec I just ask myself: "How big or better low is my actual influence and power on the coin?"

Could you say that indeed the blockchain itself which contains the transactions is stored dezentralised and is therefore highly invulnerable and fraud resistent but the properties of the coin itself I am mining, buying, holding and transfering are managed centralized? (by the one or team who is able to change any source code like a bug? if there is no voting system where majority is deciding about major programming decisions)

And thx for the hint for the Karbo-white paper, I will read it. Maybe Karbo-website could link to this essential white paper below "documentation" or so?


I found it (hopefully its the proper paper  ) here: https://cryptonote.org/whitepaper.pdf

Regards