RE: Suggested to not buy Bytecoin, DashCoin, DigitalNote (Bug in CryptoNote found)
Create unlimited free coins on all coins forked from CryptoNote before the fix?
The exploit allows double-spends. It allows anyone to create an infinite amount of coins in a way that is impossible to detect (unless you write special code to look for it)
Monero claims their chain is safe and they've already checked it.
Who has checked Monero's test? How can you look for these inflated coins?
Basically it means you could use your wallet to "pump up" other wallet balances with double spends. You could then sell these fake created coins on exchanges or stock pile them.
You basically have to edit every transaction on the entire chain.
I personally will not be buying any CryptoNote forked coin including Monero until more information is available. :(
This is a massive problem.
The detection is built into the standard node (and the code for that is in github, in case you want to check it). If you are using any recent version and you have synced from scratch then you have checked that the entire chain is devoid of any use of the exploit.
EXCELLENT. This info needs to be on the Monero website. Makes a lot of sense.
The method is core::check_tx_inputs_keyimages_domain(const transaction& tx) const. If you do hack and dump, send a tip my way. :)
let's try bytecoin