Topic: [ANN][MAMM] MammothCoin | TRUSTLESS WALLET UPDATED! V.3.1 (Mandatory) - page 8. (Read 181584 times)

I also think an interest taking foundation could be smart. Such a small premine, the dev didn't have much bounty to work with and if he's bought, its coming out of pocket. A small randomly given interest into a wallet held by multiple users who poney up a fee to join the foundation - that sort of thing. Multiple passwords from all foundation members needed to release the collected bounty...It could also be synced to coin price. So while the price is still very low, more interest is generated, but as the price goes up, the foundation receives less coins per interest payment.

Just a thought, it'd be nice if we had some sort of foundation to support various needs.

Not to borrow too much from SUPER, but I think their Rich list idea coming soon is pretty great. If you stake a lot of coins 100000+ I think, and get them the hell out of Bittrex, you can earn an extra %50 from POS....The more coins taken out of the market the better.

Thanks so much, and please know that I'm not accusing you of trickery. I just want to know how we can know for sure that trickery is impossible in regards to your coin. When you rule something out, it helps people trust this system you've created.

1)The whitepaper and video excellently describe the theory behind the process, I understand it well, and the 'getlastanontxinfo' command certainly shows the processes in action. What I don't understand is IF the info listed by 'getlastanontxinfo' can be faked? If another team wanted to created a coin that looks like it does what your coin does, could they do that through trickery? Could they make a coin that lists processes that didn't actually happen?...Who knows maybe that would be even more difficult that writing an escrow that works, but is it possible? Again this is my lack of technical knowledge speaking.

2)I know we don't rely on you now and you can't change the system. I'm more concerned with unforeseen problems. Many coins have desperately needed a fork down the road because something happened in the system that made it unusable/unstable. If no one can provide a fork once you've died, unforeseen problems can't be repaired.

Thanks again!

Yea i get that, i mean more like tech wise whats the next step?

Our website still under development. We look for currently a good promo partner, last one was not really good. We made last time twitter promos.

If you know anyone or any suggestion welcome.

1) You can read the whitepaper  here http://www.mammothcoin.org/SuperSend_Trustless.pdf and for example run after each anonymous send special command. "getlastanontxinfo" (in help console). Trustless systems is not unknown thing but it requires really competent people
to apply.

It lists all processes or whats happening during the transfer. It is trust-less system you do not need to trust us, dev team or somewhat any central guarantor or mixer. System also does not trust anyone. In other anonymous coins you must trust dev team.

 Our system creates one multisig address out of nothing and you can find this  in getlastanontxinfo and confirm in block explorer. If anything not ok, transfer automatically rejects everyone gets its money back. You can see how system works in schemes in whitepaper.

2) when i am or all dev team die, but if people still uses mammothcoin wallets, they can keep using trustless system as long as there are alive nodes. I cant just shut it down it. I can close my own trusltess QT. If you mean this. But people will provide still some alive wallets. Because they make money. We give %1 or min 0.25 MAMM rewards randomly in the network for each mixer wallet plays role in the anonymous transfer.

So I have no control over mixers or guarantor wallets. This risk is currently exists in other anonymous solutions, actually they can do alot worse things with your anonymous transfers. You basically sending coins to dev team pocket and they may send it to other party or may not. They can keep master nodes (mixer wallets) open today but close tomorrow. Their master nodes may be hacked and they lose wallet coins like anyone can have.

Openbazaar video explains this very goodly.

Dev, what's after when the website is finished and promotions started? Roadmap plz

True, BTC technology sucks and it's sloooooow and don't forget about the huge premine.

Copycats are publicity, great publicity. It proves your tech is worth copying. It proves its worth.

Every coin out there with a good new tech - its the first one to do it that usually holds the highest value (unless something goes wrong). This is what keeps bitcoin way above all else. It isn't a superior code, it was the first.

Let devs everywhere copy you and spread the good word.

Thank you, your response is very much appreciated. I apologize if its simply my lack of technical knowledge, but I still don't understand.

Isn't it possible that someone could write a code that allows the wallets to visually depict something fake? A trick. For instance the "guarantor" was really just the usual transaction verifier and didn't actually hold any funds in escrow...or maybe a central node that is invisible to the standard wallet? I'm very skeptical of a new technology that no one is allowed to rip open and scrutinize. Couldn't this just be smoke and mirrors?

So my concerns are:
1) If the code isn't released how can we be sure of everything in it?

2) What happens if and when you die? The code is then lost completely forever? How can this currency have a future when its a guarantee one day it will not be possible to adjust/add to it?

I'm in.. I think we will see nice rally next week..

MAMM is awesome coin...

we need much promotion to get attention of big investors,
MAMM is awesome coin...

Except for promo and new website, what is the next thing you're going to do?

@Kuriso well done.

@remistevens it's very legit & respected by authorities, it's best possible tech for anonymity currently we have in altcoin industry. It's something new.  It's used at OpenBaazar and many other trustless products. Our design little different than OpenBazaar as concepts but it works and deliver performance.

You can see it works, just try it. You can see every step actually happens and works.  The problem is when we release the codes many other copy cats will occur. We have already enough hype, they try to sell their very trust based systems as trustless. For users like you have no chance to see the job here done unless you are really a good tech person. That's why we need do videos, promotions and websites.

Finally something that makes sense. The protections and safeguards from the real stockmarket are not that bad. Allows you to make the same money, but be protected.

This would be a good way to get rid of people thinking they are gordon gecko

Thought I would share this http://iconicexpert.newsvine.com/_news/2014/09/06/25897631-cryptocurrency-exchange-guiding-principle for those of you that can read. Kidding of course...who reads anymore?

Don't mind the author, it's the ideas that make sense.

What did he say about POD's? Shocking revelation..

Can't agree more. Show something, it doesn't have to be the recipe for the secret sauce, and both coins will moon

Definitely, they could do a release on the same day again - like what they did with the phase 2 wallets.