Topic: [ANN][CRYPT] CryptCoin x11 + PoS | P2P Anonymity | 0% Premine | Commander - page 157. (Read 512674 times)

why would they have to release an updated whitepaper ? so you can copy the idea ?

pbremen01 is a liar
Read the announcement 

I really don't understand this cryptcoin community.

MindFox may have some ideas for working anonymity solution (although he calls it "hard to trace system" instead of anonymity, but ok). I don't deny that.

This community decided to publish whitepaper which describes some solution for anonymity. The proposed anonymity solution won't work at all. And then this community creates a great hype around this non workable anonymity solution.

But when the anonymity issues are exposed by some reddit post and this reddit post starts to influence the price, no one with knowledge provides any actual technical explanation. Instead the mods (probably MoosaNYC) simply decide to remove post from reddit.

Why is so hard for pumpers, "founders" or community to publish any kind of updated whitepaper? They don't have to include any technical details in it, they can just write general description and concept behind this idea (zero knowledge proofs etc.). And - of course - they can also throw in some marketing buzzwords.

I think that more open and transparent development would be very beneficial to cryptcoin.

I can't speak for Moosa.  He is an investor, not sure how much.  I'm not too familiar with some of the new 2013 names in Crypto since I come from more of an old-school Bitcoin mining background.

I won't disclose my investment but some of us have been given demonstrations because of that investment.  Other coins that have implemented a non-coinjoin method away from the masternode still had an element of centralization to it.  This is a completely decentralized solution that is something new and not dependent on anything.  They have re-engineered something that I think even Satoshi would be proud of.

I've signed an NDA so I won't be leaking technicals.  If that causes you to lose confidence then please dump.  I wish I was around when Fattious pulled his little scam.  35K was fricken cheap considering what is coming.  60K is still hella cheap.

Who is funding this? MoosaNYC admitted paying about 20 BTC to the dev team. 20 BTC is clearly not enough for any serious development. MindFox denied that he received any money for the development of anonymity feature.



I doubt that anybody from cryptcoin community will be able to prove (in more or less strict mathematical sense) that the proposed anonymity method will work (that it actually provides any anonymity at all).

It seems that (besides MindFox and maybe some other devs) there are no people in cryptcoin community that have enough knowledge or experience to critically review any proposed solution.

You're mixing this new anonymity method with DRK which implements CoinJoin. CoinJoin is much more general concept and with this concept it is fairly clear what kind of anonymity it provides (it is more clear against which attacks is resistant).

Many other coins have already created their own anonymity solution but it seems that no one of them received any serious media coverage.

 

100% agreed on this... I just bough another 5btc worth around 65k today.. can't beat that deal 

mindfox (costas) is working hard and the non-masternode linking solution is real.  They aren't revealing until it is ready because lots of copy cats out there.  There is a giant anti-NSA crowd of investors funding this.

People dumping this coin are going to wish they hadn't.  when anon is unveiled it will easily be newsworthy.  DRK never got anon working yet they got an article on Wired.  Imagine a new method that actually works and the news that generates?

Please, dump it down to Attious fud levels again for all I care...lol  People are throwing away an opportunity.  Not many rise the way DRK did and even a fraction of that rise is still easily on the table.

Interesting opinions.

I think (but I don't have any proof whatsoever) that the whales have almost completely abandoned this coin. It is much easier for them to create completely new coin than to just trying to revive this coin. They may jump in when some extremely good news happens (this Commander news obviously wasn't "good" enough) for jump & dump and that's all. At the moment this coins has nothing. The only "innovative" thing is Commander, but this seems to be just web interface to wallet api functions. This feature can be quite trivially implemented in new coins also and is nothing special IMHO.

MindFox is also just hired freelancer and he could easily implement his anonymity feature on a completely new coin (or maybe even on bitcoin itself).

About anonymity. Anonymity may be implemented. But will it work? Will it provide any kind of real anonymity? I'm not so sure. It seems that this anonymity was abused for marketing purposes. MindFox doesn't talk about anonymity (anymore?). He is talking about "hard to trace system". He also thinks that any kind of real anonymity is not possible in the coin that is based currently implemented blockchain technology.

Take into consideration that the anonymity feature of this coin may receive heavy attack if it won't be implemented properly:

http://www.reddit.com/r/CryptoCurrency/comments/28hqu3/warning_to_all_anonymous_coins_promoters_and/

I really really doubt that solution that is developed in secrecy by one single dev (who might not even be mathematician or cryptographer) can withstand an attack from mathematicians and cryptographers.

The anonymity of this coin has already been abused by promoters. This coin was marketed as being "anonymous" but somebody found that solution - as described in current whitepaper - won't work at all:
 
http://www.reddit.com/r/CryptCoin/comments/28e8be/security_analysis_of_cryptcoins_cryptcast_feature/

I can't say anything about the price. I think that technical analysis can't be really used when you have no volume and you have whales that can considerably change price with almost no effort at all (because of market depth). For technical analysis to work you must have enough market players which believe that it works. But in this case - when several whales/pumpers represent more than 90% of volume - this may not be the case.

It was probably written by that guy who also spread FUD from the accounts of the admins, devs.

I think there is some truth in it, but the way it was written and formulated shows that it has been conceived by someone on the rush with a low level of intelligence. Attious , is that you? LOL

Look for future announcements from ccryptcoin. A test version of the ANON protocol was initially due to release by the end of June.

1.From the leaked chat logs I've seen that the team behind CRYPT is composed of guys like Prom, Moosa which made fortunes in alts and trading or God knows where. Even Koolio and other whales are investing in it. This guys are capable of pushing the coin to the moon and even on btc-e. IMO the coin would have been already listed on btc-e if not for the major FUD  due to some greedy dude who wanted to crash the market with false accusations so he can buy cheap coins. That idiot is gone now, probably hit by a black car or something LOL. Also the leaked chat logs seem to be fake. No one can be that stupid to accumulate a lot of coins and then post a discussion between Mossa and Dmitri which clearly puts btc-e's boss in some awkward situation to possibly not list the coin anymore. Is like burning your own bank, Jesus!  

2.Regarding the communication with the public, you might be missing out. Don't know where you guys trade, but if you get on exchanges where Crypt is traded(Bittrex, Poloniex, Cryptsy, Mintpal) you will definitely see one of the team members at some point. Besides that I think they are now in Silentio Stampa letting the dust settle after the FUD before making some new announcements. What is important to note is that if you read the previous posts, you will find that Mindfox is CLEARLY working on this project and ccryptcoin admin is posting regularly new developments. Check out the commander, it is awesome. It will be available on mobile as well apparently. Thumbs up!

3.Anon functionality will be implemented I am 99% sure of this. The 1% accounts for the chance that the Internet might go down forever. It will put the coin where it belongs right along with DRK.

4.Some analysis of the price:If you watch the pattern  you will see that the current level of 60-70k is very close to the previous ATH of 100k. So the coin found a floor at approximately the last peak. After that 100k peak in 4th June, we had 1 week of calm and then a jump to 250k , new ATH without any new releases.Next ATH will be to 2.5 x 250=550k? Nobody knows for sure right now but I don't wanna miss such an opportunity so I am accumulating as much as I can now. When the coin was valuated at 40k and not yet on Mintpal I told people to buy it because it will be added thanks to its volume and it will skyrocket. Personally I lost a couple of BTC because of the unpredicted drop, but I hope to make it back in the following days when ANON is released and the whales which got out of DRK will want a piece of this baby.

that's exactly what I mean.

People investing in Cryptcoin are just waiting for a Gini to appear out of the nowhere and make their wishes come true.

Fact is there is nothing, not even a sign that Cryptcoin could creat anything that would make it valuable.

How do you know what will CRYPT offer to the market?

There is no published plan for anonymity, it is not clear whether people that were paying for development of this coin (Moosa) are still interested, nobody from the coin team communicates with the community etc.


 

Crypt has so much potential and when ANON is released it will rise again in value, much like DRK did. No other coin offers what CRYPT will offer to the market.

Current price fluctuations are just market dynamics and a good opportunity to buy.

If CRYPT would not have been FUD-ed so hard we still would have probably been at 150-200k.

Only that.

Bitcoin was the first to be popular, now in 2014 bitcoin suck compared to altcoins

You are not a dev and you don't know anything about the programming, that's why you are talking bullshit.

You think to know all about all but you are just a student, without any skills  

Ignore list... said welcome.

no most are not.

Bitcoin offers public attention and is generally known by a lot of people. It has a lot of hashing power backing it up. Many merchants already accept BTC also major ones..

while crypt is just another altcoin without anything.
But this discussion is useless anyway. Fanboys and hodlers will always exist.

Because bitcoin have something new to offer compared to cryptcoin? no. All the new altcoins are better than Bitcoin  

 

Do you guys really still believe BTC-e would add a fork coin that has nothing to offer?

Do you think that btc-e will give any info at all if they decide that they won't add cryptcoin?