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Topic: ArenaCoin [ARN] --ZeroCoin implementation-- ---500% annual interest--- (Read 6426 times)

jr. member
Activity: 51
Merit: 1
Arenacoin,

need a french translation by any chance?
legendary
Activity: 1232
Merit: 1001
Another day another ICO scam coin goes down in flames.

Remember 'Don't invest in ICO shit, idiots...'

https://bitcointalksearch.org/topic/dont-invest-in-ico-shit-idiots-746191



+1
hero member
Activity: 490
Merit: 500
0_0
this looks like a nice coin but go ahead and try snowballs 5000% pos stake 13% daily
and down by 60% daily  Roll Eyes
hero member
Activity: 490
Merit: 500
0_0
legendary
Activity: 1764
Merit: 1022
Another day another ICO scam coin goes down in flames.

Remember 'Don't invest in ICO shit, idiots...'

https://bitcointalksearch.org/topic/dont-invest-in-ico-shit-idiots-746191

full member
Activity: 224
Merit: 100
keymaker

Sorry everyone but the ArenaCoin project will be canceled and Escrow will proceed shortly the refunds



I am tired of you n00b-devs coming on here creating shit you know nothing about, promising shit you cannot create, wasting everyones time.

My team is a real coin-team, we make real innovation from the top of our head to the end of our fingers, but scammers like you and the other cannot-code-for-shit-devs out there are draining everyone for money.

Get lost, be gone - experiment on testnet - there is no real use for you here.

Clone a sheep or a kid instead.

full member
Activity: 167
Merit: 100
PoS 500% ?! This means it's not a long-term project. Half a month after ICO?
legendary
Activity: 1302
Merit: 1001
did u read guys


Sorry everyone but the ArenaCoin project will be canceled and Escrow will proceed shortly the refunds


i just changed the height and the color^^
sr. member
Activity: 280
Merit: 250
this looks like a nice coin but go ahead and try snowballs 5000% pos stake 13% daily
legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
Then why not do a short pow, with a fair premine? The trend now is high pos. So, you have that part right, but no price until the deal is done?!?! What idiot will buy into that!?!? SO, Im going to sell you a car, sight unseen, you wont know the price until you hand me a blank check, and I fill in the amount and cash it?!?!! LOL

Vegas
legendary
Activity: 1404
Merit: 1001
I'm sending BTC back to investors shortly.
newbie
Activity: 5
Merit: 0

Sorry everyone but the ArenaCoin project will be canceled and Escrow will proceed shortly the refunds
hero member
Activity: 966
Merit: 1003
To be honest I've never been convinced by ZeroCoin.

The whole system seems quite academic to me: it got someone a paper published, but beyond that it's pretty useless... The scalability issues, plus the requirement for a trusted entity to conduct a one-time setup of the parameters of the system and they "throw away the keys".  These kind of security assumptions are laughable.

What are you doing to address these so that you actually have a viable system?

As stated before , the proofs could be stored outside the block chain for  scalability issue , and concerning the assumptions about security issues this could be easily verified as the code is open source

"could" by some magic?  Do you have a solution or not?

The assumptions cannot be verified in the code as they require you to know a secret on which all anonymity is built.  This is the flaw.  You could not possibly include it in the source code.  It must be kept secret.  The fact that you must know the secret (or never look at throw it away) really unravels the whole ZeroCoin idea, since we all must trust in you, which is not decentralised nor trustless.

Looks like he doesn't have it yet. "Investors" just have to hope that he will at least try though. I wouldn't bet too much on it based on his posts so far.
legendary
Activity: 1404
Merit: 1001

The held BTC investment will only be released to the developer, "ArenaCoin" after the ArenaCoin has been distributed, and there's an overall stability of the wallets, and blockchain and a working block explorer.

If any issues arise with the distribution I will provide mediation and release the Bitcoin to the party with the most compelling evidence.

I'm excited to work with each of you!

** Please do not send BTC from a shared wallet, if there's an issue with the distribution it will be harder to process refunds

Thanks!
Brian Nguyen



Shouldn't be here:

"After the ArenaCoin has been distributed, and there's an overall stability of the wallets, and blockchain and a working block explorer,
and zerocoin implementation is onboard, and is working fine (i.e. anonymous transactions are working)"

?


And second question:
wallet will be released as opensource?

I'm here to provide escrow service with the stated terms and I'll not change or ask Dev to change terms in the middle of the ICO process.
legendary
Activity: 1404
Merit: 1001
sr. member
Activity: 353
Merit: 250
I love the high interest rate. That is the way it should be. I will def get some of these. Love the name too, good idea!
legendary
Activity: 1421
Merit: 1001
Hello, at what time ICO end on Tuesday 11 / 11 / 2014 ?

Thanks
newbie
Activity: 46
Merit: 0
Paid investments of a coin, the 11th you will communicate? how there will be in general a support of communication and distribution of coins to investors?
legendary
Activity: 1292
Merit: 1000

The held BTC investment will only be released to the developer, "ArenaCoin" after the ArenaCoin has been distributed, and there's an overall stability of the wallets, and blockchain and a working block explorer.

If any issues arise with the distribution I will provide mediation and release the Bitcoin to the party with the most compelling evidence.

I'm excited to work with each of you!

** Please do not send BTC from a shared wallet, if there's an issue with the distribution it will be harder to process refunds

Thanks!
Brian Nguyen



Shouldn't be here:

"After the ArenaCoin has been distributed, and there's an overall stability of the wallets, and blockchain and a working block explorer,
and zerocoin implementation is onboard, and is working fine (i.e. anonymous transactions are working)"

?


And second question:
wallet will be released as opensource?
newbie
Activity: 5
Merit: 0

that's it , it's a good opportunity for mid and long term holders , so just the fact that you are keeping your coins will increase naturally  the value of your stake
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