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Topic: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast - page 202. (Read 542277 times)

sr. member
Activity: 288
Merit: 253
Hasn't even been a week, have patience.

Long-term investing.. Smiley   Shit I have been holding gold for a decade, still havent sold it all.
hero member
Activity: 938
Merit: 1001
Who thinks we should have an Orange H HeavyCoin logo on CoinMarketCap? Makes it way more visible and appealing.

i don't care what color it is. i just want to see increases.
newbie
Activity: 41
Merit: 0
I hope everyone reads this. It is perfectly feasible for HVC to hit 10k sat very quickly. Why not hold off for a day or two from dumping and let it reach 10k sat? People will remain hesitant to buy HVC if they keep seeing the huge dumps. pumps encourage buying but dumping this early on will only hurt the coin.
legendary
Activity: 1456
Merit: 1000
Congrats to all you dumpers ruining a run up to 8000. Just so you can satisfy small short term gains and rebuy. Shit like that makes me not want to support this community. I mean who fucks up the chances of their own coin skyrocketing for a couple $?

I'll give you a skyrocket princess
How bout keep you keep selling me more below 6500? I'm game.

A fast run up in such a short space of time will kill the coin for months.
sr. member
Activity: 420
Merit: 250
Bayern
Who thinks we should have an Orange H HeavyCoin logo on CoinMarketCap? Makes it way more visible and appealing.
newbie
Activity: 41
Merit: 0
Congrats to all you dumpers ruining a run up to 8000. Just so you can satisfy small short term gains and rebuy. Shit like that makes me not want to support this community. I mean who fucks up the chances of their own coin skyrocketing for a couple $?

I'll give you a skyrocket princess
How bout keep you keep selling me more below 6500? I'm game.
sr. member
Activity: 420
Merit: 250
Bayern
Hasn't even been a week, have patience.
newbie
Activity: 11
Merit: 0
Congrats to all you dumpers ruining a run up to 8000. Just so you can satisfy small short term gains and rebuy. Shit like that makes me not want to support this community. I mean who fucks up the chances of their own coin skyrocketing for a couple $?

I'll give you a skyrocket princess
newbie
Activity: 41
Merit: 0
Congrats to all you dumpers ruining a run up to 8000. Just so you can satisfy small short term gains and rebuy. Shit like that makes me not want to support this community. I mean who fucks up the chances of their own coin skyrocketing for a couple $?
hero member
Activity: 532
Merit: 500
well that was a nice little spike on mintpal, the madness is over now though, it will go down a bit for a while, the sell orders outnumber the buys now.

Set my sell at exactly the peak. Feelsgood.jpg , buying back lower.

Very nice.  Cool to see you around this thread also, normally on the Darkcoin thread Wink

Yeah well apart from the IPO, I thought this coin was worth something. Plus there is a logo competition and I like those. Still 99% in DRK - it's got that special something.
newbie
Activity: 11
Merit: 0
Oh my god my hashrate i'm so aroused right now I have an erection and i'm taking pics male 22 get in touch
member
Activity: 108
Merit: 10
Blocklancer - Freelance on the Blockchain
Moved over my 1MH/s from 1GH to hvc.nonce-pool.com, gaining a little speed increase as well.
-v 1 on all miners of course. Not planning to sell anything either. This one is a keeper.


newbie
Activity: 15
Merit: 0
Some stats @http://hvc.nonce-pool.com:
Intel Q6600 Windows ~64kh/s
Intel i3-2100 Windows ~86kh/s
Intel X3450 Linux ~72kh/s
Intel E3-1230v2 Linux ~184kh/s
member
Activity: 112
Merit: 10
Price trending upward on Mintpal.  With momentum gaining we could see decent gains today. I'm holding for .00007  Grin  loving HVC!

This is how I will be dancing soon: Grin

http://vimeo.com/6971656

incidentally this is how I will be dancing soon Smiley.

http://www.youtube.com/watch?v=ZPO6dOPxmr8
sr. member
Activity: 546
Merit: 250
well that was a nice little spike on mintpal, the madness is over now though, it will go down a bit for a while, the sell orders outnumber the buys now.

Set my sell at exactly the peak. Feelsgood.jpg , buying back lower.

Very nice.  Cool to see you around this thread also, normally on the Darkcoin thread Wink
hero member
Activity: 532
Merit: 500
well that was a nice little spike on mintpal, the madness is over now though, it will go down a bit for a while, the sell orders outnumber the buys now.

Set my sell at exactly the peak. Feelsgood.jpg , buying back lower.
member
Activity: 112
Merit: 10
well that was a nice little spike on mintpal, the madness is over now though, it will go down a bit for a while, the sell orders outnumber the buys now.
hero member
Activity: 784
Merit: 501
Price trending upward on Mintpal.  With momentum gaining we could see decent gains today. I'm holding for .00007  Grin  loving HVC!

This is how I will be dancing soon: Grin

http://vimeo.com/6971656
full member
Activity: 210
Merit: 100
Someone private messaged me to check out HeavyCoin.

Sorry I realize this post will make people angry at me. I am usually the messenger who brings technical reality which is usually bad news because most coin developers are not competent.

Thanks for your post.  It's actually very good to discuss these details.

Innovations and contributions

  • HEFTY1 - a cryptographic hash function for CPU-only proof-of-work with a small memory footprint

Insufficient technical details. From what I read about their claim of SIMD as an issue. I think they fail to understand the nature of the GPU advantage.

You've not given any details or reasons for coming to this conclusion.

  • Ultra-secure hashing - a secure strategy for using multiple cryptographic hash functions

From the Github page:

Quote
Q: Doesn't Quarkcoin already implement multiple cryptographic hash functions?

A: Yes, but without increasing security against collisions. Quarkcoin (and its many clones) actually implement multiple hash functions as a simple chain of function compositions
Quark(x) = ... SKEIN512(KECCAK512( ... BMW512(BLAKE512(x))))

where ... contains additional hash function compositions using JH-512, Keccak-512, BMW-512, BLAKE-512, SKEIN-512 or Grøestl-512, which are randomly selected based on the 4th bit of previous hash outputs.

The problem is that, due to Quarkcoin's simple use of function compositions, if BLAKE512(x) has collisions, then so does BMW512(BLAKE512(x)) and SKEIN512(KECCAK512(... and so on, until we reach Quark(x), which also has collisions. Similarly, if SKEIN-512 or Grøestl-512 have collisions, then so does Quark(x). Simply put, if there's a collision attack or second-preimage attack for BLAKE-512(x), then Quark(x) is cracked.

Bullshit. Changing even one input bit to a hash should randomize all the output bits. Cracking any combinations of the hashes in the chain of hashes does not increase the risk of collisions for those in the chain that were not cracked.

This kind of silly mistake proves the developers are technically incompetent.

Of course changing one bit should randomize the output of a cryptographic hash function.  That's a well known property of any secure cryptographic hash function, but your reference to this fact doesn't have anything to do with our statement.

Quark's multi-hashing strategy is to chain functions together.  It is known that chaining functions together, eg. H1(H2(...(Hn(x)))), does not improve collision resistance.  A collision in Hn(x) trivially leads to a collision in the entire chain.  This is algebraically visible in the definition of the chained function.

If this is still unclear, then consider a simple example.  Suppose we have a combined cryptographic hash function F composed of a chain of two cryptographic hash functions H1 and H2.

F(x) = H1(H2(x))

We will show that a collision in H2 leads to a collision in F.
First, assume we have a collision in H2.  Thus, by definition, we have two blocks w and x such that H2(w) = H2(x) = y.  Thus, we have

F(w) = H1(H2(w)) and F(x) = H1(H2(x)),

which is equal to

F(w) = H1(y) and F(x) = H1(y).

Uh-oh, H1(y) = H1(y) = z, so we have

F(w) = z and F(x) = z.

So

F(w) = F(x) = z.

Thus, for inputs w and x the chained function F also collides.  This is true for any collision in H2 and any length chain of functions.

So chaining functions together does nothing for collisions.  What else can be done?  One approach is to concatenate the outputs, interleave the bits and trim it down to 256-bits.  There's plenty of accessible info on this topic available, for example Guarding against cryptanalytic breakthroughs: combining multiple hash functions

Whereas their "improvement" is worse in the sense that it takes 3 cracks to make it very insecure and 2 cracks to make it perhaps insecure, whereas with Quark it takes 4 cracks.

Quote
Q: How does Heavycoin implement multiple cryptographic hash functions?

A: Heavycoin takes 64 bits from the output of each of 4 well-known cryptographic hash functions (SHA-256, Keccak-512, Grøestl-512 and BLAKE-512) and interleaves these bits into a combined 256-bit hash that is more resistant against collisions and second-preimage attacks.

Hope you realize that 2^64 is crackable with a server farm. If 3 of the 4 are cracked, then the 4th is useless in Heavy's design.

So if 192-bits of SHA256 are cracked, then SHA-256 is also useless.  What outcome is more likely due to advances in cryptanalysis over the next 10 years?  Will it be that SHA-256 is weakened OR will it be that 3 out of 4 of SHA-256, Keccak-512, Grøestl-512 and BLAKE-512 are weakened?  We think the prior is more likely.

As you know, there are often tradeoffs in security.  For example, if you desire resistance to preimage attacks, then you might trade some resistance to collision attacks, or vice versa.  Heavycoin's overall approach is "not to put all the eggs in the same basket" in terms of collisions and second-preimage resistance.  Other models could prioritize other security properties.

It's widely accepted that the collision resistance of cryptographic hash functions changes over time as cryptanalysis improves, the so-called Lifetime of cryptographic hash functions.  Also, some fear that entities (eg. NSA) could have more knowledge, control and influence over cryptographic advances than expected.  As an example, the US government certainly does fund quiet a bit of research carried out in academia.  Also, the Snowden leaks seem to indicate the NSA has acted to influence the design of weaker cryptography.  These point are debatable, and there are too many annoying conspiracy theorists.  Regardless, our philosophy is to treat everything with (a reasonable amount of) suspicion, even algorithms and practices that are currently considered to be "safe".  Thus, let's not rely on a single cryptographic hash function.

In terms of combining cryptographic hash functions, there doesn't seem to be perfect solution.  Nevertheless, Heavycoin tries to adopt a sensible method with the hope of "slowing down" the weakening of its hash algorithms over time (see Lifetime... above).  There is a prophetic post by Satoshi on this topic, where he speaks about what could be done if a "hash breakdown came gradually".   Heavycoin's philosophy is to try to increase the likelihood that such a "breakdown" would be as gradual as possible.  There are different ways to achieve this goal, but there is no perfect solution and each has different advantages and disadvantages.  Heavycoin has chosen a concatenation/interleaving approach, whereas Quark has selected a function chaining approach.
hero member
Activity: 938
Merit: 1001
how the devs solve the problem with 51% attack?
it is very possible in sustain stage, dont you think?

i think so. devs should release sw to more pools and ask people to existing pools.

nonce-pool is doing well and finding blocks regularly.
zhpool is gaining hashrate.

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