[ANN] RootCoin [ROOT] - rootEX™ announced - ANON-tx using BitKey™- PoW/PoS/PoI - page 118.

TrollboxChamp

sr. member

Activity: 462

Merit: 250

Quote from: bitsta on July 29, 2014, 09:52:15 AM

Quote from: tracemoon on July 29, 2014, 09:46:03 AM

Scrypt is dead?
Want to learn LTC?

well scrypt is alive. but you re right. a lot of scrypt-based coins are dead.

as for this coin i think a lot of users from this community own scrypt hardware
and would be happy to use that hardware. And a lot of scrypt mining rentals
are available. so i think as for the pow-distribution its a good decision.

regards,
bitsta

I agree with this. Scrypt has my vote

tracemoon

member

Activity: 64

Merit: 10

Quote from: bitsta on July 29, 2014, 09:52:15 AM

Quote from: tracemoon on July 29, 2014, 09:46:03 AM

Scrypt is dead?
Want to learn LTC?

well scrypt is alive. but you re right. a lot of scrypt-based coins are dead.

as for this coin i think a lot of users from this community own scrypt hardware
and would be happy to use that hardware. And a lot of scrypt mining rentals
are available. so i think as for the pow-distribution its a good decision.

regards,
bitsta

how about BTCD?

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: provenceday on July 29, 2014, 09:50:35 AM

how about X11?

x11 offers attackers simple "vulns".

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: tracemoon on July 29, 2014, 09:46:03 AM

Scrypt is dead?
Want to learn LTC?

well scrypt is alive. but you re right. a lot of scrypt-based coins are dead.

as for this coin i think a lot of users from this community own scrypt hardware
and would be happy to use that hardware. And a lot of scrypt mining rentals
are available. so i think as for the pow-distribution its a good decision.

regards,
bitsta

provenceday

legendary

Activity: 1148

Merit: 1000

how about X11?

tracemoon

member

Activity: 64

Merit: 10

Scrypt is dead?
Want to learn LTC?

delta_26

newbie

Activity: 4

Merit: 0

+1 for Scrypt Cool

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: studio1one on July 29, 2014, 09:29:56 AM

I'm in.

welcome onboard!

studio1one

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Activity: 1218

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BintexFutures

I'm in.

bitsta

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Merit: 500

r00t-dev

Quote from: powersup on July 29, 2014, 09:11:56 AM

Interesting coin, my only comment would be all investors exercise due diligence. Bitsta is a competent developer, however i would suggest reading up on his history and coins he has been involved in before investing BTC into this project.

hi powersup.

hope you re doing good.

well i d also like to add a comment. true that i was involved in a lot of other projects. but none of them
was initially launched by me. so this is my first official coin i am standing behind with my name.

have a nice day.
bitsta

KryptoFoo

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Activity: 350

Merit: 250

Quote from: bitsta on July 29, 2014, 07:56:28 AM

Quote from: KryptoFoo on July 29, 2014, 07:51:29 AM

2. if the sender's client is creating the private key, what is to prevent a double spend if the receiver does not sweep the key and transfer funds to their own address immediately?

thats also correct. i am the only person which will have access to the private-keys. means every investor should
transfer them to an own key to really make sure no risk is given.
and as i already posted in the OP. i am also able to transfer the coins AFTER the launch to a provided ROOT-addr.

hope it s clear. if you still have questions just drop me a note.

thanks for the responses.

Regarding question 2 I was asking about the normal transactions sent on the rootcoin network, not the investor's transactions that you will send out to investors. I am trying to understand the "encrypted private key" anonymity concept that BitKey is using. From your white paper it seems that a sender's client is generating a private key containing access to desired amount of rootcoin, which is encrypted and then transferred to the recipient. So this means the transfer of funds is done off the blockchain? But won't the blockchain record the transaction between addresses, when the recipient spends those coins again? confused...

And what prevents the sender from double spending the coins if they are the ones generating the priv key?

powersup

sr. member

Activity: 406

Merit: 250

Interesting coin, my only comment would be all investors exercise due diligence. Bitsta is a competent developer, however i would suggest reading up on his history and coins he has been involved in before investing BTC into this project.

Nutzfleisch

member

Activity: 70

Merit: 10

Also send 0.25 btc right now. Glad to enjoy the club. Let´s rock it.

and i also would prefer scrypt. Wink

bitsta

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r00t-dev

Quote from: xinweiwei on July 29, 2014, 07:34:51 AM

vote the scrypt

the sha-256 hash too big Angry

Quote from: valvalis on July 29, 2014, 08:56:15 AM

Scrypt sound good for me. Cool

Quote from: pigheadbig on July 29, 2014, 07:49:04 AM

also vote for scrypt.
like via

alright. 3 votes counted towards scrypt.
(looks like we are going in that direction - got only scrypt votes for now)

Collegestudent

hero member

Activity: 518

Merit: 500

The blockchain is the future

Bitsta i want to invest 1.7BTC can you reserve me as my own name for the 1st batch of rootcoins?

ocminer

legendary

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Merit: 1240

Quote from: bathrobehero on July 28, 2014, 06:08:06 PM

Quote from: bitsta on July 28, 2014, 06:06:08 PM

SHA256 OR SCRYPT? Huh

Self moderated.

looool

)

bitsta

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Merit: 500

r00t-dev

Quote from: crimealone on July 29, 2014, 08:55:24 AM

1.What if the sender redeems coins right after he sends the private key?
2. About the new multipool, if someone choose the second option, what will he get? It seems that he just sacrifices his own interests....

1. i am the sender. for those who have concerns about the risk
that the keys get reused i also offered to send the coins to an provided address after the launch.

2. well if you own a lot of coins and could minimize the cap to ensure a stable market and minimize the cap, your interests may be the opposite. but i guess it just depends on the point of view.

valvalis

hero member

Activity: 784

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DeFixy.com - The future of Decentralization

Scrypt sound good for me. Cool

crimealone

sr. member

Activity: 644

Merit: 251

1.What if the sender redeems coins right after he sends the private key?
2. About the new multipool, if someone choose the second option, what will he get? It seems that he just sacrifices his own interests....

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: hash77away on July 29, 2014, 08:43:01 AM

Dev, will you also include X13/X15 in the vote?

no sorry. only sha256 or scrypt.
regards

Topic: [ANN] RootCoin [ROOT] - rootEX™ announced - ANON-tx using BitKey™- PoW/PoS/PoI - page 118. (Read 271864 times)