[ANN] Zcoin (XZC) - Implementing ZKP privacy without trusted setup - page 288.

zcoinofficial

sr. member

Activity: 1004

Merit: 268

Firo (FIRO)

Quote from: Goruno on December 25, 2016, 11:49:02 PM

I will support Poramin's version. Please give me the link Poramin's official wallet for downloading now.
Thank you.

Still using the same Github here:
https://github.com/zcoinofficial/zcoin/releases

Thanks for the support!

Quote from: doktor83 on December 26, 2016, 02:22:05 AM

This means that we need to change the miner application again ?

Nope, the miner applications should be unaffected. Only pool software needs to be updated.

Quote from: ecawyna on December 25, 2016, 11:31:11 PM

a little confused over poramin's coin n gary's coin. Hopefully after this mess, zcoin will have a good future.

We will make an announcement on this once the fork has taken place. One of the reasons why we have been silent is that there's a lot of things going on behind the scenes that we need to wrap up before making any conclusive statements. I know this is frustrating as it seems that we are keeping everyone in the dark but it will become clear later why this is necessary.

However, in short Poramin will continue development of Zcoin regardless, as a new investor has been brought in to fund Poramin's development while all existing investors are retained and are agreeable to the new founder's reward distribution in Poramin's version.

Gary will no longer be a part of the project but it appears he may continue his own Zcoin fork while pulling code from Poramin's Github. He is however in control of the Twitter and Reddit accounts.

irukandji

sr. member

Activity: 631

Merit: 258

Quote from: Gandalf86 on December 25, 2016, 05:01:10 PM

The fundamentals have not changed, except that we have two different developers now, one of which has a lot of skill, and the other has a lot of money from tricking people. Both factors can make each project successful, even if they are not working together.
.

What evidence is there that either developer tricked anyone and made money from it?

irukandji

sr. member

Activity: 631

Merit: 258

del

doktor83

hero member

Activity: 2548

Merit: 626

This means that we need to change the miner application again ?

Goruno

sr. member

Activity: 401

Merit: 257

I will support Poramin's version. Please give me the link Poramin's official wallet for downloading now.
Thank you.

ecawyna

sr. member

Activity: 294

Merit: 250

🌟 æternity🌟 blockchain🌟

a little confused over poramin's coin n gary's coin. Hopefully after this mess, zcoin will have a good future.

tomsmith26

hero member

Activity: 1148

Merit: 512

Quote from: Basimon on December 25, 2016, 10:59:30 PM

I have some xzc coins on Bittrex exchange. So these coins will be ok if it is poramin or gary version?
should I leave it on bittrex, ok? Thanks.

I also wonder if I should leave it on Bittrex exchange or move it to my personal wallet?
where can download link for zcoin the same as bittrex version?

Basimon

newbie

Activity: 33

Merit: 0

I have some xzc coins on Bittrex exchange. So these coins will be ok if it is poramin or gary version?
should I leave it on bittrex, ok? Thanks.

zcoinofficial

sr. member

Activity: 1004

Merit: 268

Firo (FIRO)

Quote from: strasboug on December 25, 2016, 06:11:52 PM

Quote from: drays on December 25, 2016, 09:04:44 AM

Quote from: torig on December 25, 2016, 07:22:13 AM

I was read here https://coinmarketcap.com/currencies/zcoin/#social.

Zcoin forkv1 coming block 14000, make sure to replace/clone the new repo here asap: http://github.com/zcoinproject/zcoin … @BittrexExchange @nova_exchange

This is new version XZC wallet?
https://github.com/zcoinproject/zcoin
This is Poramin's version?

No. That is Gary Le version.

Rule of thumb:
zcoinofficial = Poramin version
zcoinproject = Gary Le version

There are two versions now?? I thought they are from the same team? Is it mean the dead for Zcoin? what happened to MTP or some new protocol/algorithm?

Poramin from the funding of the new investor has enough funding to continue Zcoin development and hire additional help.

MTP development is still ongoing but development is currently focused on reducing the wallet load times.

Technically speaking, if you keep your wallet.dat, all your coins before block height 14000 will be recognised in both Gary and Poramins version but practically, the one that retain its value is the one the community supports.

Feel free to join us on Slack!

http://invite.zcoin.finance:3000

logictense

hero member

Activity: 2147

Merit: 518

Quote from: strasboug on December 25, 2016, 06:11:52 PM

Quote from: drays on December 25, 2016, 09:04:44 AM

Quote from: torig on December 25, 2016, 07:22:13 AM

I was read here https://coinmarketcap.com/currencies/zcoin/#social.

Zcoin forkv1 coming block 14000, make sure to replace/clone the new repo here asap: http://github.com/zcoinproject/zcoin … @BittrexExchange @nova_exchange

This is new version XZC wallet?
https://github.com/zcoinproject/zcoin
This is Poramin's version?

No. That is Gary Le version.

Rule of thumb:
zcoinofficial = Poramin version
zcoinproject = Gary Le version

There are two versions now?? I thought they are from the same team? Is it mean the dead for Zcoin? what happened to MTP or some new protocol/algorithm?

Forking has become a typical pattern in these waters. Too bad I cant short this shit.

strasboug

sr. member

Activity: 504

Merit: 250

Quote from: drays on December 25, 2016, 09:04:44 AM

Quote from: torig on December 25, 2016, 07:22:13 AM

I was read here https://coinmarketcap.com/currencies/zcoin/#social.

Zcoin forkv1 coming block 14000, make sure to replace/clone the new repo here asap: http://github.com/zcoinproject/zcoin … @BittrexExchange @nova_exchange

This is new version XZC wallet?
https://github.com/zcoinproject/zcoin
This is Poramin's version?

No. That is Gary Le version.

Rule of thumb:
zcoinofficial = Poramin version
zcoinproject = Gary Le version

There are two versions now?? I thought they are from the same team? Is it mean the dead for Zcoin? what happened to MTP or some new protocol/algorithm?

logictense

hero member

Activity: 2147

Merit: 518

Value of a product comes from the willingness of a buyer, be it an entity or independent person, to put money on it, to pay for it with the aim to acquire an ownership of that product. Value will fade away and vanish if no money wants to buy the said product. This will make a product worthless in a sense that it will stop being worthy to possess. If either of the forks fails to get a support from the buyer's side it wont hold any value.

Gandalf86

hero member

Activity: 1330

Merit: 515

Coin Mage

Quote from: jwinterm on December 25, 2016, 05:20:52 PM

Quote from: Gandalf86 on December 25, 2016, 05:01:10 PM

In fact this is a pretty interesting case of value making in cryptocurrencies. Theoretically, forking one chain into two would not significantly affect the value of either chain, so that the overall value has doubled, which is paradoxical! I love this.
...

I don't think this is the case at all. For a proof-of-work coin, much of the value is derived from the security of the network - i.e., the hashrate. Since these two forks can't be mined at the same time, I would expect each fork to keep value approximately in proportion to it's hashrate, which I expect will go overwhelmingly to the Poramin fork.

Yes, much of the value, not everything - there are also other aspects of trust and speculation that make the price of a coin. Somehow the overall value has still increased.

Also, security cannot be measured in a floating number, it is binary - is there someone who can break it, or not? It does not make sense to talk about "better security" if the coin with the lower hash rate can still not be broken - why would this affect the price then?

Thirdly, if Gary would use his money cashed out from XZC partly to pay a decent developer, who is as good as Poramin, then there would still be no fundamental differences, so why would people prefer either one? Just thinking theoretically here, I'm not defending Gary at all.

jwinterm

legendary

Activity: 3136

Merit: 1116

Quote from: Gandalf86 on December 25, 2016, 05:01:10 PM

In fact this is a pretty interesting case of value making in cryptocurrencies. Theoretically, forking one chain into two would not significantly affect the value of either chain, so that the overall value has doubled, which is paradoxical! I love this.
...

I don't think this is the case at all. For a proof-of-work coin, much of the value is derived from the security of the network - i.e., the hashrate. Since these two forks can't be mined at the same time, I would expect each fork to keep value approximately in proportion to it's hashrate, which I expect will go overwhelmingly to the Poramin fork.

Gandalf86

hero member

Activity: 1330

Merit: 515

Coin Mage

In fact this is a pretty interesting case of value making in cryptocurrencies. Theoretically, forking one chain into two would not significantly affect the value of either chain, so that the overall value has doubled, which is paradoxical! I love this.

The best way to profit from this situation is to keep your coins in your local wallet, and install both wallets - your private keys are the same, so you can just copy your wallet.dat. The fundamentals have not changed, except that we have two different developers now, one of which has a lot of skill, and the other has a lot of money from tricking people. Both factors can make each project successful, even if they are not working together.

Essentially, you will have your balance in both chains simultaneously, and independently after the fork happened. If you still have them on exchanges at that point, your coins will only belong to the chain the exchange chooses for you.

CryptoRambler

full member

Activity: 168

Merit: 100

Quote from: DeCrypterManiac on December 25, 2016, 07:48:51 AM

Can somebody explain why the founder address was swapped by a new one? Is poramin getting double the reward now?

I actually think Poramin deserves it! Lol

torig

full member

Activity: 242

Merit: 100

Quote from: drays on December 25, 2016, 09:04:44 AM

Quote from: torig on December 25, 2016, 07:22:13 AM

I was read here https://coinmarketcap.com/currencies/zcoin/#social.

Zcoin forkv1 coming block 14000, make sure to replace/clone the new repo here asap: http://github.com/zcoinproject/zcoin … @BittrexExchange @nova_exchange

This is new version XZC wallet?
https://github.com/zcoinproject/zcoin
This is Poramin's version?

No. That is Gary Le version.

Rule of thumb:
zcoinofficial = Poramin version
zcoinproject = Gary Le version

Thanx.
But that will with my XZC after 14000 block? I use Poramin wallet version...

ocminer

legendary

Activity: 2688

Merit: 1240

Please vote here :

https://bitcointalksearch.org/topic/suprnovas-xzc-zcoin-pool-which-fork-do-you-want-to-mine-1728414

I'll just leave it up to the miners

ocminer

legendary

Activity: 2688

Merit: 1240

Quote from: zcoinofficial on December 25, 2016, 10:33:13 AM

Quote from: DeCrypterManiac on December 25, 2016, 07:48:51 AM

Can somebody explain why the founder address was swapped by a new one? Is poramin getting double the reward now?

New investor. Existing investors are aware of it.

Poramins share remains the same.

I'd like to update too, can you talk with bittrex so they adapt to your source as well?

zcoinofficial

sr. member

Activity: 1004

Merit: 268

Firo (FIRO)

Quote from: DeCrypterManiac on December 25, 2016, 07:48:51 AM

Can somebody explain why the founder address was swapped by a new one? Is poramin getting double the reward now?

New investor. Existing investors are aware of it.

Poramins share remains the same.

Topic: [ANN] Zcoin (XZC) - Implementing ZKP privacy without trusted setup - page 288. (Read 663312 times)