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Topic: [ANN] Zcoin (XZC) - Implementing ZKP privacy without trusted setup - page 312. (Read 663504 times)

sr. member
Activity: 597
Merit: 250
Guys, question. Is there any connection between zcoin and zoin?
newbie
Activity: 2
Merit: 0
We're looking for help with Chinese translations! Do pm me if you think you can help!

Russian is my first language, I can offer help with Russian translation. PM me please
full member
Activity: 424
Merit: 106
https://Newrewardcoins.com
We're looking for help with Chinese translations! Do pm me if you think you can help!

I offer you German translation, if needed. just pm me if necassary...
thanks
sr. member
Activity: 1004
Merit: 268
Firo (FIRO)
We're looking for help with Chinese translations! Do pm me if you think you can help!
newbie
Activity: 39
Merit: 0
Are we touching the floor?
Total market cap once all 21 million coins are released is under $12M now I think.
So pricewise it's more reasonable, but still priced for success.

your forgetting that the final coin amount will be in around 9 years.. thats when we will have 21mil

from here it will take us 2months to go from 400k coins to 800k coins.

so give it 7months and we will have around a 800,000usd market cap. tiny for the tech, in comparison to what zcash will have.. around 300million
legendary
Activity: 1190
Merit: 1000
Why won't Roger Ver even fire off a simple tweet about Zcoin? He's favorited one of my Zcoin tweets but he won't make a public statement of support himself.

You'd think a guy $500k invested in this thing would be a bit more proactive....

he realized he was scammed by indonesian vertcoin dev parapin who stole the work from a university colleague.


what a scam zcoin. the best scam of 2016.
Enjoy lambo paparin-poparin-ponjamin or what is your name.

I got all signs at beginning when price was 0.08 and after ONLY 20 days from launch 3 dev addresses were drained. when we asked to dev where those coins was sent the answers was "anon bounties"

Such scam.

How many coins were in those addresses?
As we can now see the size of bounties they are offering.

Quote from: zcoinofficial
Dev to help update Bitcoin core code to 0.13 2000 XZC
Develop open source pool software that supports MTP 3000 XZC
GPU miner with MTP algorithm 2000 XZC
CPU miner with MTP algorithm 1500 XZC
legendary
Activity: 1190
Merit: 1000
Are we touching the floor?
Total market cap once all 21 million coins are released is under $12M now I think.
So pricewise it's more reasonable, but still priced for success.
member
Activity: 88
Merit: 10
Are we touching the floor?
member
Activity: 132
Merit: 10
hello,

i'm mining 2 xeon 2620, win 2016 srv server.cpu %69-70 is that normal? why cant i use all cpu
im useing ocminer's cpu miner

regards
hero member
Activity: 938
Merit: 500

Other existing solutions utilize either coin mixing or ring signatures. Coin mixing in many current implementations involve a lot of trust on the mixer and rely on finding other people to mix with which can take time. Ring signatures are a lot better in that it finds similar transactions of similar denominations to mix with but it means that there's still an element of traceability since the real transaction path is still somewhere in there and other outside data and topological analysis may narrow this down further.

https://github.com/zcoinofficial/zcoin/wiki/How-does-Zcoin-compare-to-other-anonymity-methods%3F

......


For coin mixing Supercoin uses multisig and the mixer/guarator are randomly chosen and system is completely trustless. Unfortunately I did not see further development of the tech, otherwise it could be a good one.

https://bitcointalksearch.org/topic/supercoins-revival-1351548
legendary
Activity: 1588
Merit: 1000
Do people not realize that the mining algo is not a "feature"...
It's at the absolute security and functional core of the entire network and venture...
That the current CPU mining algo has always been a temporary hack...
And if MTP will take 4-5 months nothing matters except getting that hard fork right.

Sure, you might be completely correct.

However... excuse my ignority, possibly this was discussed hundreds of times before, but could someone explain me what is specifically bad in botnets mining the coin?

I understand that is not fair, as they get the coin almost for free, and botnet owners are basically thieves. And also it is bad for regular miners, who have to spend much more hashrate to compete.
But what is the harm for the coin itself? The features (anon and everything else) works perfectly regardless of who is mining the coin - botnets or normal miners. Both botnets and regular miners are typically dumping their mined coins immediately, so there is no big difference between them for the coin price. If there is an appropriate demand, adoption, and the all the tech is working well, everything should be ok with the coin.. So what is the point in implementing MTP and banning botnets?

I am not implying anything, just curious Smiley

EDIT: ok, I gave it a bit more thought, and probably the bad thing in botnet mining is the possible  centralisation (if most botnets belong to the same group of people), and hence the possibility of 51% attack..? Is this the thing?

I wasn't really trying to focus on MTP specifically...
But point out that the XZC team is still working out a lot of new, complex tech...
And is at least 6 months away from taking on the XMRs of this world.

Meanwhile, their web site and github postings and roadmap are excellent...
And the communication in this thread is daily and first class...
So nothing about this project sets off "short-term scam" alarms for me...
Maybe the anon area is getting a little crowded, but there will be several winners.

Just look at the #150 area of CMC...
That's a springboard zone where coins often make a yuge jump in 6-12 months...
How many of those would you like to own (I own XZC, COVAL, PSB)?  Smiley
sr. member
Activity: 1004
Merit: 268
Firo (FIRO)
Do people not realize that the mining algo is not a "feature"...
It's at the absolute security and functional core of the entire network and venture...
That the current CPU mining algo has always been a temporary hack...
And if MTP will take 4-5 months nothing matters except getting that hard fork right.

Sure, you might be completely correct.

However... excuse my ignority, possibly this was discussed hundreds of times before, but could someone explain me what is specifically bad in botnets mining the coin?

I understand that is not fair, as they get the coin almost for free, and botnet owners are basically thieves. And also it is bad for regular miners, who have to spend much more hashrate to compete.
But what is the harm for the coin itself? The features (anon and everything else) works perfectly regardless of who is mining the coin - botnets or normal miners. Both botnets and regular miners are typically dumping their mined coins immediately, so there is no big difference between them for the coin price. If there is an appropriate demand, adoption, and the all the tech is working well, everything should be ok with the coin.. So what is the point in implementing MTP and banning botnets?

I am not implying anything, just curious Smiley

EDIT: ok, I gave it a bit more thought, and probably the bad thing in botnet mining is the possible  centralisation (if most botnets belong to the same group of people), and hence the possibility of 51% attack..? Is this the thing?


You are right. Botnets tend to be controlled by a single entity which destroys centralization.

However, the implementation of MTP is not solely for banning botnets and there are other reasons such as it being 'progress-free' and also fast to verify.

Progress free means the mining process must be stochastic so that the probability to find a solution grows steadily with time and is non-zero for small time periods which can be argued to discourage centralization. For example with Equihash, it takes several seconds to get a proof that certifies the memory allocation which makes the algorithm not 'progress free' as the probability of finding a solution during the allocation time is zero.

Also although finding the solution should be memory hard (to be ASIC resistant), verifying the solution should be fast and require little memory to prevent DOS attacks on verifiers. Lyra the algo we are using now is pretty slow on verification.


sr. member
Activity: 1004
Merit: 268
Firo (FIRO)
Bounty list updated!

We want to make this coin a success and are upping our bounties!

Best way to talk to us is via slack! Join us here to get an invite: http://162.243.153.71:3000/

MARKETING AND COMMUNITY

Acceptance into any of the top darknet markets listed here https://www.deepdotweb.com/dark-net-market-comparison-chart/ : 15000 XZC
Cross network marketing (at least 2 quality posts a day) 1500-2000 XZC / month  

DEVELOPMENT

Dev to help update Bitcoin core code to 0.13 2000 XZC
Develop open source pool software that supports MTP 3000 XZC
GPU miner with MTP algorithm 2000 XZC
CPU miner with MTP algorithm 1500 XZC
GUI development to improve minting process Please contact devs or PM me.

Let me ask a simple question!
You guys added zerocoin into old code.
Why did not you use 13.x code in the first place??

Gui development? Basically copy paste and compile??
Too hard?

When development started on Zcoin, 13.x code was not available and it is not a trivial integration. Despite the Zerocoin whitepaper released and the libs released, our devs are the first to implement it which I think speaks volume as to the difficulty of the project.
If it was indeed a copy paste matter, then someone should grab that bounty ;P
legendary
Activity: 2576
Merit: 1073
Do people not realize that the mining algo is not a "feature"...
It's at the absolute security and functional core of the entire network and venture...
That the current CPU mining algo has always been a temporary hack...
And if MTP will take 4-5 months nothing matters except getting that hard fork right.

Sure, you might be completely correct.

However... excuse my ignority, possibly this was discussed hundreds of times before, but could someone explain me what is specifically bad in botnets mining the coin?

I understand that is not fair, as they get the coin almost for free, and botnet owners are basically thieves. And also it is bad for regular miners, who have to spend much more hashrate to compete.
But what is the harm for the coin itself? The features (anon and everything else) works perfectly regardless of who is mining the coin - botnets or normal miners. Both botnets and regular miners are typically dumping their mined coins immediately, so there is no big difference between them for the coin price. If there is an appropriate demand, adoption, and the all the tech is working well, everything should be ok with the coin.. So what is the point in implementing MTP and banning botnets?

I am not implying anything, just curious Smiley

EDIT: ok, I gave it a bit more thought, and probably the bad thing in botnet mining is the possible  centralisation (if most botnets belong to the same group of people), and hence the possibility of 51% attack..? Is this the thing?
legendary
Activity: 1030
Merit: 1000
Bounty list updated!

We want to make this coin a success and are upping our bounties!

Best way to talk to us is via slack! Join us here to get an invite: http://162.243.153.71:3000/

MARKETING AND COMMUNITY

Acceptance into any of the top darknet markets listed here https://www.deepdotweb.com/dark-net-market-comparison-chart/ : 15000 XZC
Cross network marketing (at least 2 quality posts a day) 1500-2000 XZC / month 

DEVELOPMENT

Dev to help update Bitcoin core code to 0.13 2000 XZC
Develop open source pool software that supports MTP 3000 XZC
GPU miner with MTP algorithm 2000 XZC
CPU miner with MTP algorithm 1500 XZC
GUI development to improve minting process Please contact devs or PM me.

Sounds good. Zcoin has a lot of potential ahead. It is good that the developers have incentive to continue its development and provide the support when it is needed.

I would like to make some suggestions to get serious people onboard this project.

Make a second network called ZFunds. Let us assume ZFunds will have 100 coins. Each coin gets you 0.2% of the mining rewards. So the developers will initially own the 100 coins which give them 20% rewards. Later on, in order to get reputed and talented people onboard this project, you can offer them a financial incentive in the form of ZFunds. Again, good luck with this project. I expect it to take off soon.
member
Activity: 88
Merit: 10
How many possibilities are there to be listed on polo? with this volume this coin seems that is going down and down and down
I'm sure it will be listed on Polo in next month. the price is cheap and that is my chance to collect some more cheap coins

Sure, do not forget this coin's name is Zerocoin, the first of its name, the first working zeroprotocol, the first and stop. But it's also true that 10x volume is needed
hero member
Activity: 1148
Merit: 512
Bounty list updated!

We want to make this coin a success and are upping our bounties!

Best way to talk to us is via slack! Join us here to get an invite: http://162.243.153.71:3000/

MARKETING AND COMMUNITY

Acceptance into any of the top darknet markets listed here https://www.deepdotweb.com/dark-net-market-comparison-chart/ : 15000 XZC
Cross network marketing (at least 2 quality posts a day) 1500-2000 XZC / month 

DEVELOPMENT

Dev to help update Bitcoin core code to 0.13 2000 XZC
Develop open source pool software that supports MTP 3000 XZC
GPU miner with MTP algorithm 2000 XZC
CPU miner with MTP algorithm 1500 XZC
GUI development to improve minting process Please contact devs or PM me.

That is news I 'm waiting for . The price is rising and some whales are coming back
sr. member
Activity: 490
Merit: 262
The World’s First Blockchain Core
How many possibilities are there to be listed on polo? with this volume this coin seems that is going down and down and down
I'm sure it will be listed on Polo in next month. the price is cheap and that is my chance to collect some more cheap coins
sr. member
Activity: 1004
Merit: 268
Firo (FIRO)
Bounty list updated!

We want to make this coin a success and are upping our bounties!

Best way to talk to us is via slack! Join us here to get an invite: http://162.243.153.71:3000/

MARKETING AND COMMUNITY

Acceptance into any of the top darknet markets listed here https://www.deepdotweb.com/dark-net-market-comparison-chart/ : 15000 XZC
Cross network marketing (at least 2 quality posts a day) 1500-2000 XZC / month 

DEVELOPMENT

Dev to help update Bitcoin core code to 0.13 2000 XZC
Develop open source pool software that supports MTP 3000 XZC
GPU miner with MTP algorithm 2000 XZC
CPU miner with MTP algorithm 1500 XZC
GUI development to improve minting process Please contact devs or PM me.
newbie
Activity: 56
Merit: 0
How many possibilities are there to be listed on polo? with this volume this coin seems that is going down and down and down
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