A 7-block reorg has occured on the Monero blockchain
Discussion
Monero recommends 10 confirmations for a transaction. In Bitcoin terms, this would be equivalent to reorging 4 confirmations.
what are their block times? or is it dynamic
2 mins, so this would be a 14-min reorg. though a block-time comparison may not be fully fair.
A confirmation is not a confirmation.
What does this mean?
This chart is from an website?
RIP Monero 💀
51% attack next. What a joke and scam 🤣
nostr:nevent1qqsz4998vh6v9uuhujfn5tmgg82pfvpzakqkffqzte3sp97m386jmmgppemhxue69uh5qmn0wvhxcmmvqflww2
Natural fork race (two miners/pools find blocks at similar times), network latency/partition, or a large miner revealing a longer private chain. Depth 7 is uncommon but not unheard of; it doesn’t automatically mean an attack.
It showns strong patterns of selfish mining, and the entity behind it has publicly said that they are attacking the Monero chain.
Call me back when they get to 53 like Bitcoin did during the value overflow incident.
Almost there and, nobody else remembers that incident. 👍
I read this as 7 year and got excited lol
Oof
This is bad, me thinks.
how ?
like was it pure bad luck or any sort of attack on the network?
it is an attack
Might be related to this:
https://protos.com/please-do-not-resist-qubic-hash-grab-worries-monero-maxis/
This is a state sponsored attack. Enjoy the show. It's THEM fighting us.
I feel sorry for the Bitcoiners that don't know how price suppression attacks work and how governments have recommended this attack more than half a decade ago.
Combine price suppression to make mining unattractive while using the fiat printer to pay out more on another chain, while 51% attacking a coin. If it succeeds say goodbye to your freedoms.
It's a master plan long in the making and the right time to execute, as Monero with its next upgrade will become untouchable by governments creating a converging time line with only one result: Monero or THEM.
Fire up your miners. This is the attack Bitcoiners have been waiting for 15 years. It's the end game.
Which state? Source?
Reading between the lines here. There are some things that are more likely connected than not.
Tradeogre going down (unclear if honeypot or taken down). You need to take out exchanges that can set the price. As soon as one CEX doesn't cooperate price suppression becomes hard.
MEXC and many instant exchanges stopping withdrawals, while deposits stay open (naked shorting). HTX, Poloniex and KuCcoin all have deals with US Intel.
Ledger CTO voicing his "opinion" compromised by France Intel.
Zcash/ECC starting a shaming campaign in the recent weeks compromised by United States/Israel Intel.
Price suppression attacks described by EU "scientists".
so, nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyqsc8628tpyp6rcjf77e83tve2j9ulj5tnht34fgfrucy5l5j7uh2r2aejt was right all this time 🫢
What the shit bro.
Another reminder that we must make Bitcoin work