Topic: Is spectrecoin a scam? - page 5. (Read 1300 times)
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.
I think that yes, it is a scam, but only due to the stupid marketing almost everywhere on bitcointalk where I can see posts "xspec is best!!!!111!" and subjective ads. When we think about idea it seems ok, but let's see if this really delivers
No, you shouldn't advertise it until there is something to validate the claim. Right now, it's your word and a claim--that's about as sketchy as it gets.
As a project, we just put something on our roadmap that we're working on. That's the extent of the "advertising" that we've done. (Please don't confuse random community members shilling on bitcointalk with something controlled or condoned by the project.)
I think Gandalf86 put it quite well as to why we didn't simultaneously publish the full details of how it works when we listed it on our roadmap. To put things in perspective, we have many orders of magnitude less funding than Monero. If we publish the solution to a problem that everyone is interested in, we're almost certainly not going to be the first to successfully implement it in our currency.
It's trivial to use TOR or I2p with most cryptocurrencies, so baking it in is not needed--I believe Monero is waiting for Kovri because of some concern with network security. Apparently baking-in TOR or I2p has an effect on Monero's network security that Kovri doesn't have--you will have to pm one of the Monero devs for an in-depth answer.
This is a really common misconception, but it's not true. It is not trivial to just use Tor/I2P with any cryptocurrency, if you care at all about your privacy and security. If you're not using onion addresses (or the I2P equivalent) then your traffic is traveling unencrypted across exit nodes, who can view and even censor your transactions. It's well known that some of these exit nodes are operated by governments with an interest in doing exactly that sort of thing.
The integration of Tor or I2P with a cryptocurrency requires thought and care, which is no doubt exactly why Monero is pursuing Kovri, and is also why Spectre integrates Tor and uses only onion addresses, rather than just pointing the SOCKS proxy at Tor like people suggest you can just do with any cryptocurrency.
Pretty standard to release a whitepaper before you make a claim so other devs can look over the design. Something so big should have waited until there is an actual release (which would have likely been a quick rise into the top 20 if true), so it's very suspicious that they didn't and are making the claim months before they can let anyone look it over.
They should have waited or released a whitepaper with the anouncement if they didn't want the claim scrutinized--it's as simple as that. TBH.there's nothing in this coin's history to make me take such a claim at face value. Even if GMaxwell had made this claim, I'd want to see documentation and the required math.
They should have waited or released a whitepaper with the anouncement if they didn't want the claim scrutinized--it's as simple as that. TBH.there's nothing in this coin's history to make me take such a claim at face value. Even if GMaxwell had made this claim, I'd want to see documentation and the required math.
I don't mind the claim being scrutinised - as I have already said, I am not asking you to believe anything until the design is public. I am very strongly against the shilling that I see on Bitcointalk but it's not as if I can prevent people from doing what they want. We don't pay for or incentivise this stuff at all (even if we wanted to, which we definitely don't, we have no budget to do so). If it were up to me, we would keep relatively quiet about the stealth staking until it was ready to go. But people want to know what we have planned to release in the future, and we've already worked out the math and validated it, so we put it on the roadmap, and then half the community wants to tell everyone on bitcointalk
TBH, it would be better if they had made some less outrageous claim as it probably would fly under the radar.
So, you're saying we should lie?
No, you shouldn't advertise it until there is something to validate the claim. Right now, it's your word and a claim--that's about as sketchy as it gets.
IP data is not TX data. When you realize the difference you will know what keeps your funds from being tracked. This is like pointing out that I can see my neighbor login to TOR--you still can't see what sites they visited, which is the more important information.
If I'm a government with the ability to do dragnet-style surveillance, I simply need to find the peer that first relayed a given transaction. It's not a particularly difficult challenge once I'm already collecting all the data. As long as the transactions are being relayed over clearnet this vulnerability exists. This is why Spectre integrates Tor and only exchanges traffic between onion addresses. I understand that Monero is integrating I2P for a similar reason?
It's trivial to use TOR or I2p with most cryptocurrencies, so baking it in is not needed--I believe Monero is waiting for Kovri because of some concern with network security. Apparently baking-in TOR or I2p has an effect on Monero's network security that Kovri doesn't have--you will have to pm one of the Monero devs for an in-depth answer.
Pretty standard to release a whitepaper before you make a claim so other devs can look over the design. Something so big should have waited until there is an actual release (which would have likely been a quick rise into the top 20 if true), so it's very suspicious that they didn't and are making the claim months before they can let anyone look it over.
They should have waited or released a whitepaper with the anouncement if they didn't want the claim scrutinized--it's as simple as that. TBH.there's nothing in this coin's history to make me take such a claim at face value. Even if GMaxwell had made this claim, I'd want to see documentation and the required math.
They should have waited or released a whitepaper with the anouncement if they didn't want the claim scrutinized--it's as simple as that. TBH.there's nothing in this coin's history to make me take such a claim at face value. Even if GMaxwell had made this claim, I'd want to see documentation and the required math.
I don't mind the claim being scrutinised - as I have already said, I am not asking you to believe anything until the design is public. I am very strongly against the shilling that I see on Bitcointalk but it's not as if I can prevent people from doing what they want. We don't pay for or incentivise this stuff at all (even if we wanted to, which we definitely don't, we have no budget to do so). If it were up to me, we would keep relatively quiet about the stealth staking until it was ready to go. But people want to know what we have planned to release in the future, and we've already worked out the math and validated it, so we put it on the roadmap, and then half the community wants to tell everyone on bitcointalk
TBH, it would be better if they had made some less outrageous claim as it probably would fly under the radar.
So, you're saying we should lie?
It's just strange seeing it mentioned so often here...especially when compared to other crypto communities that I'm looking at.
IP data is not TX data. When you realize the difference you will know what keeps your funds from being tracked. This is like pointing out that I can see my neighbor login to TOR--you still can't see what sites they visited, which is the more important information.
If I'm a government with the ability to do dragnet-style surveillance, I simply need to find the peer that first relayed a given transaction. It's not a particularly difficult challenge once I'm already collecting all the data. As long as the transactions are being relayed over clearnet this vulnerability exists. This is why Spectre integrates Tor and only exchanges traffic between onion addresses. I understand that Monero is integrating I2P for a similar reason?
I think, SPECTRE is one best upcoming ICO’s from every aspect. I have read an article on SPECTRE, as I feel people overlook big opportunities in the early stage and regret later.and SPECTRE is uniquely different from any other blockchain projects that may have similar names such as ‘spectrecoin’ which are in no way associated or compete with SPECTRE.
Good example of how a currency lets cryptographers study its design BEFORE they release it. The Monero cryptographers are actually studying it and speaking to the SPECTRE team to see how secure it is--the results have been positive. This working across projects and sharing information is how opensource is supposed to work and is a benefit for everyone involved.
Now spectrecoin is an entirely different story. Apparently were supposed to trust an unknown design and buy-in on ignorance.
'Spectre' is not a currency, its a trading platform, and I have no idea why someone would give monetary value to a trading platform as if it were a cryptocurrency.
I think, SPECTRE is one best upcoming ICO’s from every aspect. I have read an article on SPECTRE, as I feel people overlook big opportunities in the early stage and regret later.and SPECTRE is uniquely different from any other blockchain projects that may have similar names such as ‘spectrecoin’ which are in no way associated or compete with SPECTRE.
Good example of how a currency lets cryptographers study its design BEFORE they release it. The Monero cryptographers are actually studying it and speaking to the SPECTRE team to see how secure it is--the results have been positive. This working across projects and sharing information is how opensource is supposed to work and is a benefit for everyone involved.
Now spectrecoin is an entirely different story. Apparently were supposed to trust an unknown design and buy-in on ignorance.
I think, SPECTRE is one best upcoming ICO’s from every aspect. I have read an article on SPECTRE, as I feel people overlook big opportunities in the early stage and regret later.and SPECTRE is uniquely different from any other blockchain projects that may have similar names such as ‘spectrecoin’ which are in no way associated or compete with SPECTRE.
The thread title says Spectrecoin lol.
I think, SPECTRE is one best upcoming ICO’s from every aspect. I have read an article on SPECTRE, as I feel people overlook big opportunities in the early stage and regret later.and SPECTRE is uniquely different from any other blockchain projects that may have similar names such as ‘spectrecoin’ which are in no way associated or compete with SPECTRE.
wrong thread
I think, SPECTRE is one best upcoming ICO’s from every aspect. I have read an article on SPECTRE, as I feel people overlook big opportunities in the early stage and regret later.and SPECTRE is uniquely different from any other blockchain projects that may have similar names such as ‘spectrecoin’ which are in no way associated or compete with SPECTRE.
Well, what would you do if you had figured out a way to do this? Explain your idea to everybody and spread the news everywhere? In that case bigger coins, which have much more funding, could implement the technique in a fraction of the time our developers could. And then when we're finally done, everyone would just ask "ok but why are you doing what coin XY already implemented 2 months ago"? It's in our own interest as Spectrecoin investors that the devs will keep this secret until everything is ready to go.
Also, our software is already valuable on its own ... we're not an ICO any more that just wants to collect money. We have a working product and a coin that is valued around $100M USD, and a stealth transaction mechanism that works. Calling it a scam just because of one single feature that has been announced but not released yet, is a bit hypocritical.
Just wanted to write something like this. Also, our software is already valuable on its own ... we're not an ICO any more that just wants to collect money. We have a working product and a coin that is valued around $100M USD, and a stealth transaction mechanism that works. Calling it a scam just because of one single feature that has been announced but not released yet, is a bit hypocritical.
Nobody will tell you in details how that or this feature works because it's business and it's competitive.
Even if they would like to tell you, how do you see this? Give you a bunch of code?
Pretty standard to release a whitepaper before you make a claim so other devs can look over the design. Something so big should have waited until there is an actual release (which would have likely been a quick rise into the top 20 if true), so it's very suspicious that they didn't and are making the claim months before they can let anyone look it over.
They should have waited or released a whitepaper with the anouncement if they didn't want the claim scrutinized--it's as simple as that. TBH.there's nothing in this coin's history to make me take such a claim at face value. Even if GMaxwell had made this claim, I'd want to see documentation and the required math.
TBH, it would be better if they had made some less outrageous claim as it probably would fly under the radar.
Well, what would you do if you had figured out a way to do this? Explain your idea to everybody and spread the news everywhere? In that case bigger coins, which have much more funding, could implement the technique in a fraction of the time our developers could. And then when we're finally done, everyone would just ask "ok but why are you doing what coin XY already implemented 2 months ago"? It's in our own interest as Spectrecoin investors that the devs will keep this secret until everything is ready to go.
Also, our software is already valuable on its own ... we're not an ICO any more that just wants to collect money. We have a working product and a coin that is valued around $100M USD, and a stealth transaction mechanism that works. Calling it a scam just because of one single feature that has been announced but not released yet, is a bit hypocritical.
Just wanted to write something like this. Also, our software is already valuable on its own ... we're not an ICO any more that just wants to collect money. We have a working product and a coin that is valued around $100M USD, and a stealth transaction mechanism that works. Calling it a scam just because of one single feature that has been announced but not released yet, is a bit hypocritical.
Nobody will tell you in details how that or this feature works because it's business and it's competitive.
Even if they would like to tell you, how do you see this? Give you a bunch of code?
Spectrecoin claims to have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.
There is a difference between claiming to have anonymous staking and claiming to implement anonymous staking. Monroe hasn't claimed to have implemented Kovri, they have just said they will implement Kovri.
Its the same thing. Change your name and stop generalizing every other privacy focused cryptocurrency aside from Monero as a scam. You are not giving Facts, you are spreading fud. Your name is contradictory to all your beliefs.
Spectrecoin claims to have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.
Oh man, did you see official site? Why do you want to lie?https://spectreproject.io/roadmap/
Then TOR integration is pointless for those that choose to bake it in, not sure what your point is.
Script to get IPs of peers in Monero: https://github.com/DotNetRussell/MoneroUserScraperFrom which we can get IP of wallets: https://dotnetrussell.com/index.php/2017/10/21/locating-monero-users-via-transaction-broadcasts/
We can not relate Monero-addresses and IPs, monero is realy privacy: https://moneroexplorer.com/tx/84ea5936b2864709fe21ece3be8cb683d356f1f83cb5851ecbd4ee104012c583
But the Government will easily find the home addresses of those people who use the Monero for more intimate tax control.
For Verge: IP addresses, XVG-addresses and amounts:
- Electrum Verge Wallet: http://xvg.keff.org/
- Core Verge Wallet: http://xvg.keff.org/core.php
Now we can understand what your word is worth) Who wants to show their IP addresses - listen to "generalizethis" lol.
Exhanges that uses KYC/AML knows your personal information, and knows how many privacy coins you bought (Monero, ZCash, Spectrecoin, ...). So you should use decentralized exchanges such as BISQ (without KYC/AML) using Tor.
As soon as the money reaches the Stealth-Address and is sent to the next Stealth-Address using Ring-sig (Monero, Spectrecoin, ...) - the exchange does not know anything about it.
Just compare current state of different privacy coins:
Spectrecoin (XSPEC) with $100 M market cap at least much more privacy than PIVX (PoS) with $650 M.
https://hsto.org/webt/e-/nf/pj/e-nfpjo17hhfeqtw1mefig0mlci.png
IP data is not TX data. When you realize the difference you will know what keeps your funds from being tracked.
Ok man, this is my Spectrecoin (XSPEC) Stealth-Address: smYoRN5Kna3jo3eeAnrqoDECzG59WDajtsNZHMGZEaA9sxEYwtQDZUnGBCKM5BmXBVU4K6vKH7b6s4X oNiV7yJB8vDkhzq6HjsfMbp
Just tell me something about me - TX-data: my transactions, amount of coins that participates in the non-stealth-staking, time when I did staking, just something. You can not. You can only speak in general words.
What are you talking about? I was talking about the comment in reference to IP leakage--and yes it's unimportant if you use proper OPSEC (like not sending funds directly from an exchange to a wallet you don't want linked) and you are not in a country that bans Monero. I didn't mention OPSEC in the post that you linked--didn't think I needed to.
The rest of your staements are convoluted, but if you are asking me to unravel a spectrecoin anonymous staked tx, I cant as it hasn't even been implemented yet.
Not sure what you are on about honestly, but my contention is that the spectre dev isn't explaining how he plans to achive anonymous staking because it's a fake claim. Not sure why you want to take it down another road, but you can go down it alone.
Spectrecoin claims to have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.
No one knows if this project is a real scam, but there are a lot of things that no one likes about them, as an example, they are always spamming the entire forum with fake answers, posts, and threads about their project.
That is the only thing that i do not like about them.
Why do they need to spam their project? If they are a shit, then just keep being shit forever.
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