Quote from: Gash on February 02, 2019, 02:35:25 PM

Quote from: Cryptotourist on February 02, 2019, 02:01:00 PM

Quote from: Cryptoneze on February 02, 2019, 01:46:15 PM

I am not speaking of Double spending. Many coins have been exploited by the creation of false coins and caught by the community via the explorer showing an obscene amount of coins directed to a single address. How can we be sure that is not occurring as we speak? This is a glaring issue that requires far too much trust when cryptocurrency is meant to be trustless. This is the exact opposite of the purpose of cryptocurrency.

As for proof I have none, because it is impossible to know, that being the issue. We have to entrust that everyone is playing by the rules, when we know that everyone playing by the rules is very unlikely. This is the Schrodinger's cat of cryptocurrency. Grin is neither exploited or un-exploited because we can not see inside the box, this is virtually us entrusting in the government all over. Funny how things come full circle, eh.

Thank you for the detailed answer.
An obscene amount of Grin moving to a single address doesn't mean much though. Could be just a whale swimming.
Other than that, I tend to agree with your view point.

What are you wailing about? Obscene coins lol?? is there a pretext with hidden sexual meaning about these coins' nastyness? Look what that idiot says: Schrodinger's cat of cryptodumbency sits inside the blockchain and scratches its undergrid while uncertainty principle prohibits the existence of malign transaction cause these transactions and coins generated from unknown origins collapse into the possibility of multi-outcome function.

Just because you don't agree doesn't make it any less true. There is always the possibility of an exploit, this is the reason why a public traceable ledger was implemented for bitcoin. Grin requires you to TRUST that it isn't being exploited when the purpose of cryptocurrency is to be trust-less.