The Wildest Blockchain Rodeo: Monero’s 18-Block Whoopsie-Daisy!

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Well now, Monero (XMR), that secretive money of the internet, done went and threw itself into quite the hullabaloo. On the fourteenth day of September, the blockchain saw an 18-block reorganization that up and canceled 118 transactions as if they were never even born. Some feller named Xenu, who claims to be an independent thinker (or maybe just a busybody with a fancy title), says it’s the biggest reorg Monero’s ever had. That’s like finding out your trusty steamboat’s got a leak bigger’n a catfish’s mouth – mighty unsettling.

For the uninitiated, a blockchain reorganization is kind of like when a bunch of miners can’t agree if it’s pie or cake for dessert. So the ledger – that big ol’ book of truth – just goes with whoever’s telling the longest story and tosses the shorter yarns out the window, along with your carefully logged transactions.

Now, in Monero’s case, the miners had to pick their favorite chain, so some transactions that folks were banking on ended up vanished into thin air. That leaves you with double-spending gremlins, transactions moving slower than molasses in January, and a whole lotta confusion for anybody trying to spend their XMR.

Qubic: The Mining Big Cheese

Enter Qubic, that rival mining outfit that’s grabbing a good chunk of Monero’s pie – about 2.11 GH/s outta the total 6.00 GH/s hash power. That’s a pecan pie slice worthy of a showdown. Earlier this year, some complainers claimed Qubic tried to pull a 51% attack, which is blockchain speak for “I’m the boss now,” or something close to it.

Sergey Ivancheglo, Qubic’s head honcho, then goes and fans the flames, declaring on social media that Monero will stay put only “because Qubic wanted it to stay.” Well, that’s a mighty peculiar way to say “we run this here show” without saying much at all.

Xenu (our suspicious friend) quotes a Monero guy named Sech1, who says Qubic plays dirty with what they call “selfish mining.” This here trick leads to a 43% orphan rate-no, that’s not baby miners, just blocks rejected like bad jokes at a family dinner-causing miners to earn less while Qubic rakes in the spoils.

Words of Worry from the Wise

The folks who keep an eye on security ain’t too pleased. The co-founder of SlowMist sounded a warning: if the Monero gang don’t start taking these block ‘reorgs’ serious-like, then a big ol’ Sword of Damocles will be swinging over their heads. And no, they might not double-spend right off the bat, but the mere power to do so is like having a rattlesnake in your boot-all danger, no comfort.

Trading houses like Kraken got spooked and put a halt on Monero deposits, then raised the bar real high – demanding 720 confirmations instead of just ten before you can touch your money. That’s like waiting for your dinner to cook just long enough for the cows to come home and grow up.

All this ruckus has shaken Monero’s market too, with prices dropping more than 5% in a single day before, and over 14% in a week during these blockchain slapfests. The experts say if this sort of thing keeps up-if too much mining power stays in too few hands and the folks don’t patch up their security holes-Monero’s sparkle might just dull faster than a butter knife in a steakhouse.

So there you have it, folks: a tale of tech wobbles, power plays, and digital double-crosses. Grab your popcorn 🍿 and keep your wallets close – this blockchain drama sure ain’t over yet. 🤠

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2025-09-14 22:39