Topic: [ANN] Zcoin (XZC) - Implementing ZKP privacy without trusted setup - page 300. (Read 663504 times)
December 04, 2016, 06:08:26 PM
Nice 50% move in XZC on tiny volume...
But I assume this still needs a hard fork down the line.
December 04, 2016, 11:43:28 AM
December 04, 2016, 10:44:53 AM
Both zcoin and zcash have infinite room to plummet as theyre intercorrelated a bit and have a similar niche in these markets since most of the hype comes from the same loudly screaming folks who dont see a difference between both names.
December 04, 2016, 10:23:15 AM
...Zeroknowledge coins require a "trusted set up". We need to be absolutely sure we can trust whoever set it up...
From the first paragraph of the Zcoin section:
Quote
Since monetary inflation of any kind would be detected immediately this also mitigates any trust issues during initial setup.
Thanks..I guess I am wrong about that then
December 03, 2016, 05:44:58 PM
...Zeroknowledge coins require a "trusted set up". We need to be absolutely sure we can trust whoever set it up...
From the first paragraph of the Zcoin section:
Quote
Since monetary inflation of any kind would be detected immediately this also mitigates any trust issues during initial setup.
Exactly!
Also see this (http://zerocoin.org/q_and_a)
Quote
Q.Could you put a backdoor in it?
A.Not covertly. The paper has a provably secure protocol in it which is anonymous (technical note: anonymity holds even if the trusted set up is screwed with, so no that’s not a backdoor), so absent modifications there is no way to track users. The software will be open source and so any attempt to modify the protocol by inserting a backdoor would be rather obvious.
A.Not covertly. The paper has a provably secure protocol in it which is anonymous (technical note: anonymity holds even if the trusted set up is screwed with, so no that’s not a backdoor), so absent modifications there is no way to track users. The software will be open source and so any attempt to modify the protocol by inserting a backdoor would be rather obvious.
Trusted setup is absolutely necessary in case of ZeroCash implementation, buy not in ZeroCoin. In this aspect ZCoin is superior to ZCash.
December 03, 2016, 05:21:04 PM
...Zeroknowledge coins require a "trusted set up". We need to be absolutely sure we can trust whoever set it up...
From the first paragraph of the Zcoin section:
Quote
Since monetary inflation of any kind would be detected immediately this also mitigates any trust issues during initial setup.
December 03, 2016, 03:52:06 PM
I think that may be rebound from about 0,00035 BTC. And then further fall.
December 03, 2016, 08:19:33 AM
I have just installed the wallet on a small pc arm cortex a8 (allwinner a10) and it works! 
December 03, 2016, 05:19:46 AM
Yikes, didn't realize it was this bad
December 03, 2016, 04:59:04 AM
aCAgTPgtYcA4EysU4UKC86EQd5cTtHtCcr - Received 19,994.0 XZC - Sent 0.0 XZC
aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR - Received 21,253.99 XZC - Sent 16,103.99 XZC
aQ18FBVFtnueucZKeVg4srhmzbpAeb1KoN - Received 19,994.0 XZC - Sent 5,908.0 XZC
a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3 - Received 37,669.7 XZC - Sent 32,537.7 XZC
a1kCCGddf5pMXSipLVD9hBG2MGGVNaJ15U - Received 24,526.5 XZC - Sent 5,094.0 XZC
So, close to block 10000, total dev/investor tax is about 100k XZC, or 20k per address. Of the five dev/investor addresses, one has moved nothing, two have sent 25%, and two have sent 75%, more or less (since some have obviously received funds besides those from the tax.
aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR - Received 21,253.99 XZC - Sent 16,103.99 XZC
aQ18FBVFtnueucZKeVg4srhmzbpAeb1KoN - Received 19,994.0 XZC - Sent 5,908.0 XZC
a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3 - Received 37,669.7 XZC - Sent 32,537.7 XZC
a1kCCGddf5pMXSipLVD9hBG2MGGVNaJ15U - Received 24,526.5 XZC - Sent 5,094.0 XZC
So, close to block 10000, total dev/investor tax is about 100k XZC, or 20k per address. Of the five dev/investor addresses, one has moved nothing, two have sent 25%, and two have sent 75%, more or less (since some have obviously received funds besides those from the tax.
The founder' rewards is 20% per block, nothing more. If a founder' wallet got more than 20k XZC right now, then it doesn't come from founder' tax but their own money. U can't do the simple analysis by reading only the outgoing tx of a wallet and said they dumped that part.
AFAIK, 2 founder's wallets don't dump any. The one with heaviest dumping activity is aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR and a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3
I'm contacting the team to publish more infos about it. They will *have to* do it otherwise they will lose all the confidence of investors. The market price reflects that fact right now.
December 03, 2016, 04:53:43 AM
Just setup a ZCoin mining pool. If there are problems, let me know.
https://gflare.io/coin/zcoin
https://gflare.io/coin/zcoin
Stratum is not working.
December 03, 2016, 03:17:32 AM
price dropping, confirmations slowing.
No reason to mine anymore.
No reason to mine anymore.
December 03, 2016, 02:26:52 AM
Right. I was asking for the addresses, they're not in the OP and I thought someone might know them already so I didn't have to use the source, Luke. If no one posts them I'll try to dig them up tonight or tomorrow.
zcoin block explorer.
block 1 (https://zcoin.rocks/block/c0c53331e3d96dbe4a20976196c0a214124bef9a7829df574f00f4e5a1b7ae52).
by opening the link, we see:
aCAgTPgtYcA4EysU4UKC86EQd5cTtHtCcr
aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR
aQ18FBVFtnueucZKeVg4srhmzbpAeb1KoN
a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3
a1kCCGddf5pMXSipLVD9hBG2MGGVNaJ15U
are the dev addresses
December 03, 2016, 12:28:10 AM
OK thanks guys, I have mined some, using a pool ~1,5 xzc/24h and I want to give it a try with solo mining.
@nonny12 what do you mean with large amount of hash power?
@nonny12 what do you mean with large amount of hash power?
December 03, 2016, 12:17:44 AM
Hello all, i'm new to mining, i want to ask you something. If I want to mine with the built in wallet miner I must wait the wallet to get sync or I can start right now?
Yes, I think you will have to wait for the wallet to get Synced to the network and wait until the entire blockchain is downloaded. Only then you account address will shown the balance amount and you should be able to mine with the built in miner.
December 03, 2016, 12:17:40 AM
Hello all, i'm new to mining, i want to ask you something. If I want to mine with the built in wallet miner I must wait the wallet to get sync or I can start right now?
You need to wait for the wallet to sync. Also, unless you have a large amount of hash power, it's suggested to use mining pools instead.
December 02, 2016, 11:58:57 PM
Hello all, i'm new to mining, i want to ask you something. If I want to mine with the built in wallet miner I must wait the wallet to get sync or I can start right now?
December 02, 2016, 11:56:18 PM
Why Zcoin could be the trade of the year.
Newcomers to Zcoin wondering what the fuss is about, please check out this article:
https://cryptoblogposts.wordpress.com/2016/12/01/why-zcoin-could-be-the-trade-of-the-year/
I agree with everything you wrote there Zcoin does look cheap compared to other anon coins and the devs look competent.
But there is one huge problem I see. Zeroknowledge coins require a "trusted set up". We need to be absolutely sure we can trust whoever set it up.
But the developers wont even tell us the truth about the "bounties"
December 02, 2016, 11:53:59 PM
Miners are not wrong, and the price decline is expected
December 02, 2016, 10:18:30 PM
Is the 20% dev tax activated now?
yesQuote
Are the addresses where those funds go public (without looking into the source code)? Devs hodling or dumping with miners?
I don't know, but something very suspicious occurred early on. Some coins were claimed to have been paid out as bounties but the developers refused to disclose how many coins were paid out. Draw your own conclusions..
I think that is why this coin will die. For the next 4 years the developers will pull out 20% of all mining. But they admitted that they covered up the truth about the "bounties". So this will always taint the coin.
And in the next 4 years a better zero knowledge coin will arise no doubt. One where the developers don't hide what happened with so many coins
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