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Topic: Is spectrecoin a scam? - page 3. (Read 1300 times)

newbie
Activity: 23
Merit: 0
January 16, 2018, 08:53:33 AM
#75
jbg,

there is no point arguing with this paid Monero troll generalizethis.

The paid trolls must be losing their minds over losing their income due to the market meltdown. He has no arguments other than offending the members of the XSPEC community, which grows by the hour.

Please keep up the good work and ignore the paid whores
 Wink

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
January 16, 2018, 08:47:57 AM
#74
As for spectrecoin's other features, who cares? That is not what the thread is asking--though I wonder how any coin calls itself private and has a richlist. See "RICH LIST" "LARGEST WALLETS" https://chainz.cryptoid.info/xspec/
Also all addresses are visible in a truly privacy Monero, and these addresses can be sorted by making a rich list, only it will not give you anything in Monero or Sepctrecoin: https://moneroexplorer.com/tx/84ea5936b2864709fe21ece3be8cb683d356f1f83cb5851ecbd4ee104012c583
Quote
stealth address: b5ada231ffb6e1a83430e038847e91e6d734d6bc58287b4e693f12823732f947
amount: 5.532506139280 XMR
Do you really do not know how stealth addresses work? You can not relate (Monero or Spectrecoin) stealth-addresses in the wallet and addresses in the block-explorer, learn at least something about it, you look like this dude who saw the addresses and the amount of money in the Monero-block-explorer and believes that Monero is not a privacy cryptocurrency: https://www.reddit.com/r/Monero/comments/70v9d7/if_monero_is_private_then_what_is_this_someone/

Is Monero mentioned in the OP? Thanks for trying to get offtopic.


Optional privacy is the difference and why there can be linkage with spectrecoin--remove that before you claim to be a privacy coin. I understand that ALL addresses should be stealth addresses and the ones that aren't private create richlists and limit the anonymity set. But thanks for trying to read my mind.

Back on topic:

Does spectrecoin have a solution for anonymous staking?

I'm betting, no,  when they can't even figure out that all wallets should be stealth if your goal is privacy.
member
Activity: 169
Merit: 17
January 16, 2018, 08:44:07 AM
#73
As for spectrecoin's other features, who cares? That is not what the thread is asking--though I wonder how any coin calls itself private and has a richlist. See "RICH LIST" "LARGEST WALLETS" https://chainz.cryptoid.info/xspec/
Also all addresses are visible in a truly privacy Monero, and these addresses can be sorted by making a rich list, only it will not give you anything in Monero or Sepctrecoin: https://moneroexplorer.com/tx/84ea5936b2864709fe21ece3be8cb683d356f1f83cb5851ecbd4ee104012c583
Quote
stealth address: b5ada231ffb6e1a83430e038847e91e6d734d6bc58287b4e693f12823732f947
amount: 5.532506139280 XMR
Do you really do not know how stealth addresses work? You can not relate (Monero or Spectrecoin) stealth-addresses in the wallet and addresses in the block-explorer, learn at least something about it, you look like this dude who saw the addresses and the amount of money in the Monero-block-explorer and believes that Monero is not a privacy cryptocurrency: https://www.reddit.com/r/Monero/comments/70v9d7/if_monero_is_private_then_what_is_this_someone/
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
January 16, 2018, 08:42:06 AM
#72
As for spectrecoin's other features, who cares? That is not what the thread is asking--though I wonder how any coin calls itself private and has a richlist. See "RICH LIST" "LARGEST WALLETS" https://chainz.cryptoid.info/xspec/

off the topic of the thread, but as I mentioned already (and as a tiny bit of research could have told you) xspec has both private and public balances. the largest wallets are definitely not accurate, as for any blockchain, and the richlist isn't either as it's impossible to determine private balances to take them into account. just because an (unofficial) block explorer decides to display something, doesn't make it accurate.

Optional privacy isn't optimal privacy--even zcash figured that out...eventually.


No offense, but if you couldn't figure that out to begin with, I really doubt that you are offering best in class privacy anytime soon. And especially not a major find like anonymous staking.

Is there any cryptographer attached to the project? And is there proof they exist and are working with you? I don't trust anything you say atm, so pointless to just make another claim without evidence.
newbie
Activity: 27
Merit: 0
January 16, 2018, 08:39:33 AM
#71
You never needed to say it--it's implied when you complain about it. If you don't like me calling it a scam, post proof and shut me up.

I know enough to know anonymous staking is something only a genius could build, and the more you complain about scam accusations and the inability to control your shills, the less genius you sound.

Not sure what "genius" has to do with being able to stop idiots from shilling, but suit yourself. I'm out. See you in a few months Smiley
newbie
Activity: 27
Merit: 0
January 16, 2018, 08:36:16 AM
#70
As for spectrecoin's other features, who cares? That is not what the thread is asking--though I wonder how any coin calls itself private and has a richlist. See "RICH LIST" "LARGEST WALLETS" https://chainz.cryptoid.info/xspec/

off the topic of the thread, but as I mentioned already (and as a tiny bit of research could have told you) xspec has both private and public balances. the largest wallets are definitely not accurate, as for any blockchain, and the richlist isn't either as it's impossible to determine private balances to take them into account. just because an (unofficial) block explorer decides to display something, doesn't make it accurate.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
January 16, 2018, 08:28:16 AM
#69
@spectre_jbg

You have a major claim (anonymous staking) either back it up or continue to get scrutinized. I'm calling scam until your remove the claim or back it up. If what you say is true, then just remove it and get the benefit when you release it. Right now it looks like you want the investors without the scrutiny--sorry, that's not how it works. Big claims come with a lot of eyes watching you.

We're not going to remove a major feature that we're working on from the roadmap just because it makes people ask questions. It would be hard to explain to people what we're spending all our time doing, for one thing. The questions are no problem, neither are the eyes watching. They can keep watching for a few months and then have their questions answered; I don't see any problem with that.

Incidentally, when did I ever say I wanted the investors without the scrutiny? If I were in your position, I'd certainly wait until I read the whitepaper before investing. But I wouldn't go around swinging wild accusations of "scam" at a coin that I know very little about.

You never needed to say it--it's implied when you complain about it. If you don't like me calling it a scam, post proof and shut me up.

I know enough to know anonymous staking is something only a genius could build, and the more you complain about scam accusations and the inability to control your shills, the less genius you sound.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
January 16, 2018, 08:23:26 AM
#68
It is interesting to see that the defenders of Spectrecoin vary in the claim that:
1. Spectrecoin has already its anonymity features.
2. Spectrecoin will implement its anonymity features in Q2 2018.
Here are people who are not related to the Spectrecoin community, such as generalizethis, they say lies and then they themselves refute their lie Grin https://bitcointalksearch.org/topic/is-spectrecoin-a-scam-2760432

What has already been implemented, and what will be implemented clearly visible on the official website: https://spectreproject.io/roadmap/
1. Spectrecoin has already its anonymity features: Ring-signatures, Stealth-addresses, Tor, OBFS4
2. Spectrecoin will implement its anonymity Innovative features that hasn't any other coins in Q2 2018: Stealth-staking


I lied? Or you misread?

I'm pretty sure you have a tenuous grasp of the English language.

Anyway, my point in the OP stands. Whether you like it or not, the dev is promising moon-features without outlining how that moon-feature will work--that's vaporware. And if he's aware that he can't build it (and not just stupid or arogant) that's a scam.

You lied that stealth staking is implemented: https://bitcointalksearch.org/topic/m.28204155
you could not even go to the site and see the roadmap, your just anthoughtless and emotional hater: https://spectreproject.io/roadmap/
Spectrecoin already has features (Ring-signatures, Stealth-addresses, Tor, OBFS4) that much better than in other much more expensive coins. When the factory already produces a Mercedes S-class $150 K (analogy Ring-sig, Stealth-address, Tor, OBFS4), and promises in the future to release a Mercedes-Maybach S600 Pullman $1 Million (analogy Stealth-staking), following your logic a Mercedes S-class is scam - only very stupid people will listen to you.
Why do you want stealth-staking if you can't even get any IP or TX data when I do conventional staking? I wrote you my address: https://bitcointalksearch.org/topic/m.28208865 It is obvious that you do not possess the technical knowledge.

I changed the OP--but thought that it would be read as a claim and not an implementation, but I can see how you misread it--though wonder why I would be questioning its existence, if it already existed? Seems a dumb thing to have to point out, but there you go--good luck misreading it and using that as an attack vector.

As for spectrecoin's other features, who cares? That is not what the thread is asking--though I wonder how any coin calls itself private and has a richlist. See "RICH LIST" "LARGEST WALLETS" https://chainz.cryptoid.info/xspec/

Meanwhile, the major point in all this, no one being able to explain how anonymous staking works, gets buried by shills talking around it.
newbie
Activity: 27
Merit: 0
January 16, 2018, 08:21:53 AM
#67
@spectre_jbg

You have a major claim (anonymous staking) either back it up or continue to get scrutinized. I'm calling scam until your remove the claim or back it up. If what you say is true, then just remove it and get the benefit when you release it. Right now it looks like you want the investors without the scrutiny--sorry, that's not how it works. Big claims come with a lot of eyes watching you.

We're not going to remove a major feature that we're working on from the roadmap just because it makes people ask questions. It would be hard to explain to people what we're spending all our time doing, for one thing. The questions are no problem, neither are the eyes watching. They can keep watching for a few months and then have their questions answered; I don't see any problem with that.

Incidentally, when did I ever say I wanted the investors without the scrutiny? If I were in your position, I'd certainly wait until I read the whitepaper before investing. But I wouldn't go around swinging wild accusations of "scam" at a coin that I know very little about.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
January 16, 2018, 07:56:53 AM
#66
@spectre_jbg

You have a major claim (anonymous staking) either back it up or continue to get scrutinized. I'm calling scam until your remove the claim or back it up. If what you say is true, then just remove it and get the benefit when you release it. Right now it looks like you want the investors without the scrutiny--sorry, that's not how it works. Big claims come with a lot of eyes watching you.
newbie
Activity: 27
Merit: 0
January 16, 2018, 07:52:44 AM
#65
How am I misrepresenting the situation?

By talking about proof and claiming that I "won't" explain as if it's a permanent state.

There's a claim that anonymous staking is possible. yes/no

Yes.

There's no math or white paper outlining how that is possible? yes/no

Not yet, but it will be released just before launch, when we can safely do it without losing the advantage to better-funded coins.

You don't get a delay when your shills are advertising the feature as if it's a 100% certainty. Either remove it or continue to get asked about how it works--there's no middleground here.

Sure, no problem. I have no problem with being asked how it works, and calmly explaining the (pretty understandable IMO) reason why we're not discussing that yet.

What I do have a problem with is accusations, claims that you have some "proof" that the coin we're working hard on is a "scam", and being held responsible for the actions of idiot shills that don't even understand the coin they're shilling about. These people care about nothing but price, whereas us two developers don't even hold much XSPEC, are funded by donations, and gain very little if the price goes up. Our interests (developing good technology) are not aligned with the shills at all, and we wish they would STFU, but there's not much we can do.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
January 16, 2018, 07:44:08 AM
#64
The dev said he won't explain how anonymous staking is supposed to work, so yeah, that's all the proof I need--this looks like another scam.

I guess we have different definitions of "proof". Once again you are casually claiming that I said things that I didn't. People only need to read the thread above to see me saying that not only will a paper be released describing the method, but the source code will be open just like the rest of XSPEC's source code, allowing anybody to see the implementation of the method. Until then, feel free to have all the skepticism you want, but talking about "proof" is a bit extreme.

"won't explain right now because it would hand over the solution to much better-funded teams who can beat us to implementation" is a very different thing from "won't explain".


How am I misrepresenting the situation?

There's a claim that anonymous staking is possible. yes/no

There's no math or white paper outlining how that is possible? yes/no

You don't get a delay when your shills are advertising the feature as if it's a 100% certainty. Either remove it or continue to get asked about how it works--there's no middleground here.
newbie
Activity: 27
Merit: 0
January 16, 2018, 07:40:46 AM
#63
The dev said he won't explain how anonymous staking is supposed to work, so yeah, that's all the proof I need--this looks like another scam.

I guess we have different definitions of "proof". Once again you are casually claiming that I said things that I didn't. People only need to read the thread above to see me saying that not only will a paper be released describing the method, but the source code will be open just like the rest of XSPEC's source code, allowing anybody to see the implementation of the method. Until then, feel free to have all the skepticism you want, but talking about "proof" is a bit extreme.

"won't explain right now because it would hand over the solution to much better-funded teams who can beat us to implementation" is a very different thing from "won't explain".
newbie
Activity: 27
Merit: 0
January 16, 2018, 07:37:40 AM
#62
It is interesting to see that the defenders of Spectrecoin vary in the claim that:
1. Spectrecoin has already its anonymity features.
2. Spectrecoin will implement its anonymity features in Q2 2018.

While there are (unfortunately) a lot of uninformed people that I wish would stop shilling, I think you might just be missing some subtlety here.

1. We already have transaction privacy enabled by ring signatures, and network privacy enabled by Tor+OBFS4.
2. We will gain stealth staking in Q2 2018. At present if one wishes to stake, one's coins must be held in public balances (XSPEC has both public and private balances).

If you have seen claims that contradict these facts, links would be appreciated so that I can set the record straight.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
January 16, 2018, 07:32:20 AM
#61
It is interesting to see that the defenders of Spectrecoin vary in the claim that:
1. Spectrecoin has already its anonymity features.
2. Spectrecoin will implement its anonymity features in Q2 2018.
Here are people who are not related to the Spectrecoin community, such as generalizethis, they say lies and then they themselves refute their lie Grin https://bitcointalksearch.org/topic/is-spectrecoin-a-scam-2760432

What has already been implemented, and what will be implemented clearly visible on the official website: https://spectreproject.io/roadmap/
1. Spectrecoin has already its anonymity features: Ring-signatures, Stealth-addresses, Tor, OBFS4
2. Spectrecoin will implement its anonymity Innovative features that hasn't any other coins in Q2 2018: Stealth-staking


I lied? Or you misread?

I'm pretty sure you have a tenuous grasp of the English language.

Anyway, my point in the OP stands. Whether you like it or not, the dev is promising moon-features without outlining how that moon-feature will work--that's vaporware. And if he's aware that he can't build it (and not just stupid or arogant) that's a scam.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
January 16, 2018, 07:26:20 AM
#60
How can it be a scam? A scam means that the devs plan on taking off with the money or that the entire project is just air. It's clearly a real project. Perhaps there's doubt, legitimate or not, about whether they can deliver 100% on their plans. But that's pretty far away from it being a scam.

If they say they have a solution for anonymous staking and they don't, it's a scam.

By using your logic, if you say that they don't have a solution but they do, you are a scam!

Do you have the proof that they don't have a solution? If not, you shouldn't be accusing anyone. Everybody can make their own choice whether to believe them or not.

The fact that that they don't have any of the premined coins as they took over this project and only rely on donations from staking already distinguishes the project from aĺl the other scam going on here. If they wanted to cheat, they could.have created a new ICO, take the profit and run.

The dev said he won't explain how anonymous staking is supposed to work, so yeah, that's all the proof I need--this looks like another scam.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
January 16, 2018, 07:24:01 AM
#59
It is interesting to see that the defenders of Spectrecoin vary in the claim that:
1. Spectrecoin has already its anonymity features.
2. Spectrecoin will implement its anonymity features in Q2 2018.

The fact that most defenders are having the banners of Spectrecoin and that they can't agree within themselves on the status brings some clear conclusions:

a. Bad communication of Spectrecoin.
b. Most of them are unable unable to understand what they are speaking about.
c. Probably one of them is right and we will now know for now.

Therefor, no information on wherever it is a scam but a negative outlook is clearly marking the behavior of its defending community.

generalizethis, there was no need to register new account to attack the coin again Grin

Obviously, 99% of the crypto world is a scam. And obviously, everyone is entitled to their opinion. But lets keep it civilized and argue based on facts, not on what other coins we hodl to try to bring the competition down.

As for the people who claim 100x, maybe their posts are taken out of context? I guess what they are trying to say that the market cap it low for such a coin, and if the devs deliver, it can easily grow 100x. But yes, it won't happen tomorrow. And actually it might never happen they the market is melting now - it might be the end of the crypro world as well.

Why would I need to create a new account? Or are you projecting? Seems there are only noob supporters for xspec, so....

Anyway, if people want to invest based on a feature that doesn't exist, doesn't have a whitepaper, and the dev refuses to ID what projects he worked on before, that's there problem. I only wanted an answer to the question and I got it--good luck with your hopium based investment.
newbie
Activity: 23
Merit: 0
January 16, 2018, 07:02:25 AM
#58
It is interesting to see that the defenders of Spectrecoin vary in the claim that:
1. Spectrecoin has already its anonymity features.
2. Spectrecoin will implement its anonymity features in Q2 2018.

The fact that most defenders are having the banners of Spectrecoin and that they can't agree within themselves on the status brings some clear conclusions:

a. Bad communication of Spectrecoin.
b. Most of them are unable unable to understand what they are speaking about.
c. Probably one of them is right and we will now know for now.

Therefor, no information on wherever it is a scam but a negative outlook is clearly marking the behavior of its defending community.

generalizethis, there was no need to register new account to attack the coin again Grin

Obviously, 99% of the crypto world is a scam. And obviously, everyone is entitled to their opinion. But lets keep it civilized and argue based on facts, not on what other coins we hodl to try to bring the competition down.

As for the people who claim 100x, maybe their posts are taken out of context? I guess what they are trying to say that the market cap it low for such a coin, and if the devs deliver, it can easily grow 100x. But yes, it won't happen tomorrow. And actually it might never happen they the market is melting now - it might be the end of the crypro world as well.
newbie
Activity: 107
Merit: 0
January 16, 2018, 06:33:07 AM
#57
It is interesting to see that the defenders of Spectrecoin vary in the claim that:
1. Spectrecoin has already its anonymity features.
2. Spectrecoin will implement its anonymity features in Q2 2018.

The fact that most defenders are having the banners of Spectrecoin and that they can't agree within themselves on the status brings some clear conclusions:

a. Bad communication of Spectrecoin.
b. Most of them are unable unable to understand what they are speaking about.
c. Probably one of them is right and we will now know for now.

Therefor, no information on wherever it is a scam but a negative outlook is clearly marking the behavior of its defending community.
yes i agree with you.
my concern with this is a lot of newcomers who want to make quick buck is just spamming forum with "easy fast x100" and they put some thing in their post which is not true but its planned to be integrated in coin,which makes us look like we pay people to spam like deep onion does.
looking longterm, project will shine I am sure of that,will take some time but hey great things don't come over night.
as for shillers like lead developer said, you can't forbid someone spamming and posting copy paste posts,they are here to make quick buck which in short term can hurt price a bit but long-term won't affect a bit
jr. member
Activity: 38
Merit: 1
January 16, 2018, 06:16:42 AM
#56
It is interesting to see that the defenders of Spectrecoin vary in the claim that:
1. Spectrecoin has already its anonymity features.
2. Spectrecoin will implement its anonymity features in Q2 2018.

The fact that most defenders are having the banners of Spectrecoin and that they can't agree within themselves on the status brings some clear conclusions:

a. Bad communication of Spectrecoin.
b. Most of them are unable unable to understand what they are speaking about.
c. Probably one of them is right and we will now know for now.

Therefor, no information on wherever it is a scam but a negative outlook is clearly marking the behavior of its defending community.
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