Topic: [ANN] Zcoin (XZC) - Implementing ZKP privacy without trusted setup - page 321. (Read 663504 times)

I have no problem Devs getting 20% as long as it's clearly stated (and has been)...
And I have absolutely no problem with it going straight into their pockets...
Right now we are talking about $100,000 split many ways...
Hardly Lambo/Jacuzzi money... probably closer to market rate for skilled Devs.

The real money is listing on Polo and moving this baby +1000%...
And a lot of that comes down to building a strong, vocal community here and Reddit.

If it's just another PnD, well gee wiz by golly... someone will fork it and do better.

BTW, very undervaluated coin. At this stage price should be 0.005 as floor, considering zero know tech behind, not 0.0025
There are fake zero know coins out that got x10 price without working zero know tech.

Zcoin is here and is working

I was also asking for a ban on him after he made up stories how he talked to Polo admins and that the Polo admins called Zcoin shady and that they won't add it ever. After asking him for proof to back up such claims on a public slack channel he went afk.

I would ban people like him after the first second of entering crypto channels if I would be a slack owner/admin. People like him have no reputation to defend and troll all day.

Great job on the update guys, I'm buying some more here

No one is forcing no one to mine this or any other coin.

He was banned because he came in every day spouting the same FUD talking points and if you challenged him on it, he'd refuse to back up or defend his statements with proof.

There is a difference between a debate and a rant.

Agree.
There was a guy on slack talking about same stuff like you, and zcoin community banned him.

gary is one dodgy mofo.....

Would like to see a statement from Gary here - if he is not to busy kitting out his Lambo -  on exactly what the 20% founder's reward is actually being used for.

So far his answers are total bullshit - "that will remain anonymous, protect investors, etc."

Meanwhile, coin price has tanked, and every piece of evidence suggests:

1) Original "investors" ( maybe just gary?) are just dumping and pocketing the 20% and laughing all the way to the bank.

2) No marketing funds exist. No marketing plan exists.

3) Roger Ver (who everybody keeps pointing to as the Cheeto Jesus behind this coin) is either not involved at all, or was periphially involved at the start. Either way, that he currently would be involved in the fucking clown show that this coin has become strains credulity.

Now Gary, if you can spare some time from the lambo shopping, and if you can reach your pc  from the Jacuzzi, maybe you can answer these points honestly and directly. If you are going to trot out more of your "anon / i can't say" bullshit, don't fucking bother. Your credibility - like zcoin price - is approaching zero. How fitting.

It's a ridiculous price atm considering the tech the coin uses and the roadmap planned! But ZCash gets all the hype! I'm holding my xzc for a long time as I think this one has a good future.

Market cap of $500k is insanely low for a zcash and monero competitor!

lest chance to buy now at bottom price.

Hi Guys

Zcoin price is currently down due to BTC price rise, this is the same as many other alts who have dumped due to BTC pump.

Zcoin is currently around 260k sats on Bittrex https://bittrex.com/Market/Index?MarketName=BTC-XZC

This is a great time to buy low and sell high as there are several developments happening you may not be aware of.

1) The Zcoin website is getting a complete redesign
2) Devs are currently working on upgrading BTC codebase to 0.13.1
3) Zcoin algorithm is being changed form Lyra2 to MTP
4) Talks are underway by the team so that Zcoin can get added to Poloniex
5) Talks are ongoing with Zcoin Team and Coinpayments.net to get this web payments function added

So as you can see there is a a lot of development happening and at this low price of around 270k sats it is a great time to buy and hold.

I am also updating my thread on reddit with all the new developments and new links. Check it out as well:

https://www.reddit.com/r/ZCoinProject/comments/5aceal/zcoin_xzc_news_updates_and_links_updated_regularly/


Cheers
CryptoDove
BTC TIPS 1GrQvuMiyRbGXGUja6SCShrcrbC8uNdjpD
https://twitter.com/CryptoDove
https://CryptoDove.weebly.com

stupid miners dumping this sweet coin at this price.. what will be above 0.01 soon.. but let them.. so you can buy more..

block time ? 10 min like btc ?

max block size ?

Thank you, for me it is not a question that ZCoin is very solid project.

buying back here..

For a layman's explanation of how it works. Taken from our Wiki.

Most cryptocurrencies including Bitcoin rely on public ledgers. This means that all transactions are public, and the history of a coin can be traced from its inception, and all the transactions that it has been involved in.

Although the ownership of addresses are not known, through advances in statistical analysis and other meta-data (such as IP, time, use of exchanges), researchers have managed to reasonably accurately tie ownership of addresses to a real life identity.

As the blockchain forms a permanent record, they can be endlessly analyzed and once the identity is revealed, all the history of the coin is also tied to the identity.

This can be problematic for example if someone used Bitcoin to do some illegal activity and that particular Bitcoin somehow ended up in your hands, you may be implicated just by virtue of being in possession of that Bitcoin. Furthermore, if you are business or merchant, you may not want competitors to have knowledge of your transactions. With a public and transparent blockchain like Bitcoin's, this may be problematic to achieve.

Some have tried to make it harder to do this by using coin mixers/tumblers. However, this involves trusting that the mixer/tumbler will not steal your money and also is not secretly recording how the coins are being mixed.

Zerocoin technology, which Zcoin uses allows the anonymization of coins that doesn't require you to put your trust in a mixer.

The easiest way to visualize Zerocoin tech is a black box, where everyone who wants to anonymize their coins places their coins in it. When they are ready to spend the coin, they produce a proof that they did place coins in the box, but the proof does not state which coin they placed. The proof could refer to any of the millions of coins in the box, and nobody knows which coin the proof is referring to. The proof simply states that the creator of the proof has placed a coin in the box, without giving any specific information about which coin it is. When other people see this proof, they have no idea who created this proof but are mathematically convinced that it is a valid proof. If the proof is valid, the proof entitles the proof creator to create a new coin with no transaction history and not related to any of the coins in the box, provided that it is of the same value. This means there is no linkage between the deposit transaction into the box and the redemption transaction whereby a coin is taken from the box.

The innovative part of Zerocoin is how this proof is generated where although you deposited the money into the box (and this transaction is recorded in the blockchain), you are somehow able to prove that you deposited into the box, without revealing which 'deposit' transaction was originally yours, hence the term 'zero knowledge proof'.

Hi

Just to keep you updated on what's going on behind the scenes:

The current mining algorithm is Lyra2 with T=2, R=Block_Height_Number and C=256. This was meant to be a stop gap solution to make the coin ASIC resistant until a better mining hashing algorithm is found.

We believe we have found that in the form of MTP (Merkle tree based proof of work): https://arxiv.org/pdf/1606.03588v1.pdf

MTP was devised by the same guys who came up with Equihash (used in Zcash) but offers some benefits over Equihash.

First if solves the 'progress-free' issue on Equihash:

Extract from the paper:


Secondly, we believe it has a faster verification than Equihash based on this paper
https://www.usenix.org/system/files/conference/usenixsecurity16/sec16_paper_biryukov.pdf

This is of the utmost importance now especially for pool operators which require a lot of memory to run it successfully hence the frequent crashes on mining pools. This doesn't affect exchanges or users.

Today we overcame a technical difficulty that was holding development back a bit on MTP but are now back in full swing in implementing this and hope to complete before our estimated time of 4-5 months barring unforseen difficulties.

For further details, visit our Roadmap which will be updated from time to time.

I think that you cannot understand the nature of the things. If you are talking about anonymity and privacy from the point of you of academic, it is right - ZCoin and ZCash are the best. But do you think that bulk of ordinary people do need snobbish papers on cryptography they can understand zero? You can say that your paper is the most cited in academia world and it is very good if you are in the territory of university. But if you enter the market the rules are changing. I have experience in academia and, believe me, the best university papers are not the most cited ones in media. Stephen Hawking with his backward theories are the most popular publisher for ordinary people. That's weird.

My position is like this: XMR, SDC and NAV have strong communities they built over the years. Who cares about the code, if you are not a cryptographer? Even for less advanced specialist in cryptography it is not easy to understand full technological aspects of ZCash and Zcoin, not to mention pizza seller or drug dealer, for example. So, what is left to us? Only media and marketing pushing huge hype. Believe me, most of the buyers of ZCash cannot explain how it works but they are buying like crazy because of media hype. Do the same with XZC and you could expect similar results, especially, if you have only ~3000 coins supply on the market. 

Finally, could you trace XMR, SDC and NAV transactions if they are not anonymous?