this post was submitted on 26 May 2024
26 points (96.4% liked)

Monero

1662 readers
10 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Krugtron9000@monero.town 2 points 5 months ago (2 children)

Not objecting or disagreeing, but could we get more than a one-line explanation for breaking protocol changes? maker selects arbitrator (breaking change) does not inspire a whole lot of confidence. Is there a discussion somewhere I can read that spells out the options and why this one was selected?

[–] reto@monero.town 5 points 5 months ago* (last edited 5 months ago)

It's a change to how trades are done in the background.

Before, the taker client would select the arbitrator, now this is done by the maker. Before this change, a rouge arbitrator with a modified client could have taken all open trades, assign themself to them and pay them out to themself.

After this change, the maker-side selects the arbitrator, and a rouge one would lose a bunch of bond in the trades they weren't assigned to. The more arbitrators there are, the less likely it gets that one of them could go rouge and make a profit. For example: at 20 arbitrators, a rouge arbitrator would be expected to lose the 15% bond for 19 out of 20 trades. That is on average nearly 3 times higher than the expected return of the 1 trade they can actually drain.

This is why we will ask many trusted community members to become arbitrators once the software has become more stable and there aren't multiple updates per month anymore.

[–] HardenedSteel@monero.town 5 points 5 months ago* (last edited 5 months ago)

because this could've allow an arbitrator to exit scam whole network, now they can only scam the trades that are assigned by the maker or all arbitrators have to agree.