Topic: [ANN] A New Coin! First Coin on Bitcoin Core v0.19+Dash MN(PoW/PoS hybrid) - page 6. (Read 2824 times)

I hope the Zentoshi team can clarify the above issues.
Also, since they mentioned that they are legally registered in the US, can they show us proof of that document?
And using the TM-symbol found on their whitepaper, is that authentic?

First of all I have to say I looked at the OP and read all of the 50 current posts in the thread at the time I posted this. I then I went to the website to look around.

In a nutshell, there are too many red flags for any investor to actually take this seriously. Maybe some bounty hunters would consider participating for some of those 7000 tokens up for grabs even if they know this project is not trustworthy because they might hope to sell as soon as they can providing they even receive their bounty in the first place.

So, here are some of the problems surrounding this project which makes me advise all potential investors and all potential bounty participants to stay well away from it.


RED FLAG #1 - The number of newbies attracted to this project
- There are a total of 50 posts in this thread excluding my one. Mine is post #51:

- Thread Page 1 posts: OP=5  Newbies=14  Full Member=1
- Thread Page 2 posts: OP=8  Newbies=6    Full Member=2  Member=2   Legendary=2
- Thread Page 3 posts: OP=3  Newbies=3    Full Member=1  Member=1   Hero Member=1  Snr Member=1

Of the posts made in this thread (excluding posts from the thread starter and those questioning its integrity necromastery x1, mine x1 and mosprognoz x1), it is dominated with newbies making around 72% (or 23 out of 32) posts.



RED FLAG #2 - The background of those newbies attracted to this project
- I will not focus on this aspect too much because there are too many newbies to list but picking up on just a handful from the first page of this thread.

User Pierre Dilecto in particular made laugh with an unbelievable amount of knowledge in this field compared to the other sock-puppets, just read his two posts.


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Name: WandererofCrypto
Posts: 6 (2 posts in this thread)
Activity: 6
Merit: 0
Position: Newbie
Date Registered: October 25, 2019, 02:42:17 PM

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Name: cryptotraveller
This user recently woke up from a long period of inactivity.
Posts: 5 (3 posts in this thread)
Activity: 5
Merit: 0
Position: Newbie
Date Registered: March 03, 2018, 11:57:48 PM

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Name: camelia_ena
Posts: 57
Activity: 57
Merit 0
Position: Newbie
Date Registered: January 10, 2017, 11:40:15 AM

Last posted on October 18, 2017, 09:25:56 PM then after over 2 years absence miraculously found this thread to make one post 3 days ago then went silent again  
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Name:    Pierre Dilecto
This user's password was reset recently.
Posts:    2 (both posts in this thread)
Activity:    2
Merit:    0
Position:    Newbie
Date Registered: October 25, 2019, 02:50:42 PM
Last Active:       October 30, 2019, 07:20:33 PM

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RED FLAG #3 - The website is unforgivably pathetic
https://www.zentoshi.com/about-us
- It tells us nothing about who the actual people are with full names behind this project are
- It tells us nothing about any LLC that might be owning this project such as location, name, incorporation number - nothing

- The links in the footer for the "Terms and Conditions" and the "Policy" do not work, they are diverted to:
(https://www.cips.org/Documents/Resources/Downloadable%20documents/CoreClausesBoilerPlate.pdf)

- the footer shows "© 2019 All rights reserved. Zentoshi Limited Liability Company" which allowed a quick search to bring this up: https://www.bizapedia.com/wy/zentoshi-limited-liability-company.html
This information should be available in the About Us pages and via the FAQ too but it is not there along with names. MICHAEL WEINRUB is listed as the Organiser.



I can add more red flags but will stop here as I made my point. As mentioned earlier I would advise all potential investors and all potential bounty participants to stay well away from this project.

As for the viability of this project along with the ethos, objectives and technology behind it, it requires more investigation but for now I will stop short of calling this project a scam because so far:

 - they have made ridiculous errors on their website which will most probably be blamed on an oversight
 - seem to have deliberately hidden real information about the team behind this project
 - they have some sort of sock-puppet paid shills service pumping this Announcement thread
 - Not linked directly on their website for visitors again not giving full Team information: https://www.zentoshi.com/media/Zentoshi-Whitepaper-SD.pdf

This is what happens if a team runs a project without clear information and only simply displays some team photos without any links. I hope the truth will soon be revealed behind this Zentoshi drama.

Please share the links to the team members social profiles and post the answer here

https://bitcointalksearch.org/topic/zentoshi-suspicious-team-solved-5197839

Thank you for the kind words! This is something I have been seeing and telling everyone I know within this marketplace. What people have forgotten is that this is software. Software can be used as we command it! MasterNodes are just a function of the network, and people in this market have gotten lost in seeing masternodes as investment vehicles when indeed they are tools for the network to succeed and create a layer of security. However, a cryptocurrency should be more than just a reiteration of the technologies that preceded it. A true coin and blockchain organization should be building new technologies that further the ideals that brought us here.

While we do use DASH technology in our stack, we only use it for its' function and base to further build out our technologies which enable our blockchain powered services and platforms. We are steering away from those ROI norms for anonymizing transactions through nodes, and providing utility payments based on their service rendered instead. Hence, our low emmitance rates. We also open our operators of such nodes to host our infrastructure where real money can be made by being compensated for utilization of a common server system. --Not too different to investing in mining hardware for your favorite coin.

The last couple of years in  masternode sector of crypo nothing new,original happened...hope you guys can bring to crypto community a breath of fresh air, I do not know how to say many beautiful and flattering words...
I just want to wish the team successful development, good partnerships and a lot of strength for long-term work )
I also want to note that I am honored to join the community team and will help as much as possible, keep in touch everyone  

We are using many avenues to get our services marketed for, namely for our blockchain infrastructure hosting vertical; we rely on coin partnerships like the one we have with coins like Strong Hands and PACGlobal. Two very awesome communities we assist with their hosting needs among others.

You talked about Service node tech, has it been developed yet? It appears you need a pretty good business plan, Marketing, and Sales departments in order to promote your business. You need a customer and an operator, in order for your operators (investors) to profit they need to run your services, they can only run services if there is a demand. I'm interested to know more about plans for creating demand for your products.

Join the Discord and Telegram yet?

I bet you should If you haven't. Lots of content plus new medium articles released.

Thanks will join the Discord and take part in the testing.

We have details of our testnet in both our telegram and Discord! If you would like to take part in it, please join either of those two community outlets.

Just finished reading up on this, sounds extremely promising. I have been wanting to get in on a project at the ground level so happy to see this when I did.

I see on the release schedule you have the Testnet scheduled to start tomorrow. Is that public and if so how can I join in?

Hello JC, I'd like to expand on the bounty funding that you have specified, the 7000, as listed for the whitepaper is for "bug bounty" this is a bounty ran for reporting security vulnerabilities. Getting people to participate in the bounties that you are generally referring to would fall under a combined categories of ZentoshiVIP which are benefits we provide to Zentopians and new members, Referral programs, and Community budget(Meaning a total budget of 119,000 ZenX).

In regards to the 2.5m pre-mine, we operate as a business, meaning logistically only the 700,000 operational capital would be used to operate the business and grow it. Afterwards, as planned revenue from the platforms will allow us to be self sustainable; the locked reserve is only opened through governance and complete transparency. This is purely used for investment opportunities while running the utmost optimal portfolio, meaning low risk (What is often called the Efficiency Frontier), and as a safety net much like how companies keep retained earnings. An example of this can be identified by taking a look at balance sheets from typical tech companies. Microsoft cash on hand is close to 250 million dollars; in contrast ours is 1.8 million ZenX. I want to reiterate that this will not be circulating, and will not be even up for discussion on touching for up to 2 years, at which point the community will have a chance to be a bigger part of our governance. Credibility is a standard we want to be known for, and the for the better most of a year and a half, we have been using our own savings and wallets to fund this project, we wanted to present it to the world not as a dream, but an accomplished company. Leading by example, investing our very own savings into it, we wanted to show others that we believe in it, and we're all in as well.
Please read more about our views:

https://medium.com/zentoshi/zentoshi-news-whitepaper-release-and-founder-interview-926aec2cce01


I'd like to begin by answering the first statement in regards to similar projects. Zentoshi's aim is to be in every popular market, we plan to grow the microcosm to enter every corner of a mix of Perfect Competition and Oligarchy type business spheres. However where we differ is the implementation of technology and the community we will be building. I promise you, there are no other coin on bitcoin core v0.18 using the latest Dash Evo implementations with use cases like ours. And if you do choose to become a Zentopian you'll be entering our universe. You won't be just one of millions of customers, queued up and ignored when you run into issues, having to go through some awful customer service, possibly not even helped. You'll have us at your fingertips and all of the community. And we'll be everywhere, our plan is 5 years to mass adoption, we started with SunnyNode because it makes sense to allow our members to run the technology we're creating at the lowest cost and most trustworthy source, the very own company they are running nodes for. 
Please take a look at our article "Utility Coins" detailing this even further:

https://medium.com/zentoshi/utility-coins-6e49f150bb15

So why choose Zentoshi over older hosting services? Day or night, we'll be there for you, we're not a bloated company like Vultr, that will raise prices at a whim because at the end of the day you are just one in a million. And we're certainly not a cryptocurrency ICO operating illegaly. We're a smaller company, that can offer you intimate customer service, when you email us, or reach out to us, you won't be forwarded and sent to many different departments and then a resolution center, you're a Zentopian, we will solve your problem like you are one of our own.

In a few words (tl;dr) You'll experience unparalleled customer service, at cheaper rates than older companies, without having to resort to utilizing cheaper hardware, with our cutting-edge technology and business ethic, you, the Zentopian, are our main focus.

The benefits  are unlimited,  after  going  through  the whitepaper i can see a future  in zentoshi. Good luck  team!

I think there would be a one Pager. Team would have to create a simplified version of the white paper to aid the not too geeky in comprehending the whole info about Zentoshi.

Ok thanks for the reply. On point 3 the amount for bounties is very low if it is 7000. You might need to up it to get people to participate in the program. Again compare this in line with the 2.5m pre-mine.

I’ll like to say, I admire the name Zentopians. Your project has quite a handful use case in the cryptocurrency world. Unfortunately, there’re other similar projects with the same use case. It’s good to see more competition, because with competition comes improved service.


I’m a few words, easy for any newbie to understand, why should I chose zentoshi over older hosting services? What Use case does your tokens, ZenX, have at the Moment (working product)?

Please do make this simple as possible!

Our game server provider will be utilizing containerized environments for each game server instance so as for the requirements per game the containers will have the ability to pull more resources as needed. When a game server uses more resources, our secondary nodes will be compensated for the additional usage.

Thanks for the reply. This is an incredibly cool concept (as far as the GSP goes, I'm not the smartest crypto cow in the herd so the technical details of the coin are above my head), based on the GSP industry in its current form, you would be able to handle an unlimited amount of customers compared to traditional GSPs, the only drawback would be if there weren't enough secondary operators for new clients to place an order.

Now that you've answered that, my final question is: Obviously online games have different requirements for each game, will the CloudGSP be determining the minimum required specs for Secondary Operators on a per-game basis (i.e. Battlefield 2 would have one set of min specs, Call of Duty Modern Warfare would have a different set of min specs)?

Balloon hashing uses existing cryptography technology and adds a layer on top to create a more secure encryption that is more efficient. Balloon hashing gets its name from the way it expands and deflates through its operation. First, the algorithm utilizes a large buffer of pseudo-random bytes based from the input and salted hash.The bytes in the memory buffer then go through a defined series of mixing in the memory buffer as if a stack of playing cards were laid out, shuffled around, and placed back into the deck. Finally after the mixing is processed and sampled, the algorithm is extracted and a new block is generated.

We have plenty of platforms unannounced which will be revealed as we launch our currently announced platforms. Tons of great things in the pipeline!