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First quantum secure..... What a crap.

Quantum computer is still in theory.... It doesn´t exist yet. (in real reality)

 

Come on guys, 40k BTC is impossible. Why don't you relaunch the presale over koinfy with less ambitious targets?

Thanks, I had to read that before asking

The lightweight client performs SSV against the Maximally Vetted Delegate Chain, which is a weakly subjective consensus heuristic that only requires block headers.

Simplified State Verification and the blockchain compression are the most promising parts IMO (since they solve problems we have today, not hypothetical ones).

However, after reading the SSV description, the lighweight SSV client seems like a simple frontend to the SSV-providing node, which puts the question how will the lighweight client "know" that the SSV-providing node is trustful?

Fancy wallpapers AND "federally incorporated"... It must be legit.

this coin is very promising, really nice coin!

Yes, we just received a positive response from our local securities commission (BCSC). Crowdfunding by pledging Bitcoins for a reward of Qoins does not violate any security laws because virtual currencies including Bitcoin are not regulated, so we are going to proceed with our Crowdfunding Campaign.

Refer to our Qoin Distribution section for crowdfunding details.

A blockchain that is secured by some kind of POS and where the VC has the whole stake (plus your stake). Is that in line with the security concept of QOINTUM? 

There is some code taken from Bitcoin, code from Python as an interpreter is embedded, and code from existing implementations of our post-quantum cryptography which we'll reveal later.


It's just myself right now.


Take a look at our SSL certificate, it's from StartSSL.com which requires proof of personal identity. Also our company is federally incorporated in Canada which also requires proof of personal identity.

I'm interested in this project. A few questions:
How will the ICO be structured: More "coins" if one invests at the start compared to an investment at the end of the ICO period?
Did you do your research on whether you violate any security laws by doing the ICO?
Do you develope all of the software form scratch? If not what project did you make use of?
Did you develope everything by yourself or do you have a team?
Will you publish information about your identity and the identities of your team before the ICO (a must for me if you want any money)?
Thanks for taking the time!

wow

*bump* still in development =)

Ach, never mind.

I'd failed to spot the design document's note: “This document describes inventions by NewGamePlus Inc. that are patent-pending with the USPTO.”


Cheers

Graham

Thanks for responding, I'm keen to see how you get on with developing a brand identity, values, story, etc.

My main objection is that you're replacing reasonably straightforwardly recognisable labels with labels that must first be decoded as puns. This adds to the mental load rather than reducing it.

Just for clarity, I'm not questioning the approach (of attending to branding) but the implementation. Unless you've got support from either desk research or quantitative work, then you're merely guessing at the effectiveness of the linguistic differentiation that you're proposing will somehow play into your branding. How will it translate across languages? (Hint: not at all).

Also, (largely because I think you've actually got something substantial and could with real support to keep you on the straight and narrow), I'm going to call your bluff on “... using on a daily basis, so a developer can search ...” I reckon that's just a guess on your part because you have no evidence for its pertinence to this context. Sounds as if there's little to no current MR support to drive this aspect of the development of a brand identity.

You're not the first person to have had the notion; all previous attempts to rope in punning linguistic markers to promote brand identity have basically sunk without trace because the proponents ignored the fact that what's humorously quirky to one is pretty much guaranteed to be irritatingly unfunny to another. It's not as effective a tactic as you seem to believe and its inability to cross alphabets is likely to prove a major disadvantage in a global market.

It also has the penalty that if the project is in any way successful, the IP in the brand naming will need to be protected proactively --- which means enforcing “Qointract™” (or whatever) in every usage.

From a branding perspective, it promises to be way more trouble that it's demonstrably worth.

Cheers

Graham

You're killing me.

For marketable high-level concepts I believe it's more important to focus on branding to differentiate our ideas from those of our competitors. The puns are of course part of the branding -- Qoinapps (Blockchain Applications), Qointracts (Smart Contracts), Transaqoins (Smart Transactions?), Entangled Chains (Multi-Chains). These are things users and developers will be using on a daily basis, so a developer can search for say "qointracts" instead of "smart contracts" and find a relevant answer pertaining to Qointum.

We have more sensible names for technical concepts -- Maximally Vetted Delegate Chain, etc.

As a pun, it's rather twee and I predict that you will regret deeply the expense of the indulgence. Successfully expressing complex concepts clearly and concisely is difficult enough as it is without gratuitous distractions, however humorously intended.

Cheers

Graham

Yeah it was too tempting of a pun.

Qointracts

I hope to see you guys recognized for your hard work and innovation.

Good Luck,
Viz.

Quantum computers are well understood, their capabilities have been studied for the past 20 years and yet no one has figured out a method to attack Merkle signatures or McEliece encryption which have been known for even longer, and now we even have mathematical evidence of quantum resistance (mentioned in my post above).

Over the last 10 years cryptographers have worked to reduce key sizes and improve efficiency to the point that these quantum-secure crypto schemes are now ready for practical use.

For some reason I highly doubt you can guarantee that a quantum pc would not be able to crack this. I hope you will prove me wrong though.

The reason why we chose Python is right on the front page, and also there is a section dedicated to it in the design document.

Good to see Developers that know what they are doing 

Thanks for the Information,
Viz.

There is some mathematical evidence that the encryption system we're using is in fact quantum-resistant, so we only need enough bits in the key to thwart a quantum search (Grover's algorithm). Also, we use merkle hash trees for signatures, and although there is no proof yet, there are no known quantum algorithms that can attack hashes other than a quantum search. To brute force a 256-bit hash would usually take 2²⁵⁶ operations, but Grover's algorithm only takes O(√N) time, so that's 2^256/2 = 2¹²⁸ quantum operations = 128-bit level quantum security.

You've got the right idea 

Curious though, how do you calculate the security to a Quantum Computer; are you just assuming multiplicity of the power from the available quantum states; then dividing hash security by this number?
I ask by your claims of 128 bit quantum security, curious as to how this is implemented.

Thank You,
Viz.

Thanks, yeah we're really trying to innovate on every front here to create a true crypto 2.0, not only fully programmable, but also cryptographically future-proofed and scalable to the whole web.

Looks like some noble effort here guys, keep up the good work. I know how long it can take to build something and do it right. 

Best of Luck,
Viz.

Thanks for the feedback! Your skepticism is warranted.

Thanks Graham, this is good feedback.


I'm the founder of Qointum. The email address associated with this account is the same as in our trademark info -- you can see it in my profile now. I use this pseudonym instead of my real name because it's short, memorable and most importantly unique so it's internet-searchable. We're still a long ways from launch so I'll re-create this thread under the username "Qointum" at a later date.

I suggest you follow Bittrex' lead and use the term “crowdfunding campaign” unless you feel strongly (and can successfully demonstrate) that the documentary support for your offer meets the standards currently mandated for public offerings of stocks/shares.

Is this offer being made by an authorised employee or director of NewGamePlus Inc., the operators of qointum.com and owners of the QOIN trademark?

https://wiki.qointum.com/legal/terms/:

http://www.markhound.com/trademark/search/mv9DpinEu

The coin operators would appear to have the benefit of legally-limited liability (pace my very limited understanding of CA corporation law). Posting this offer from a pseudonymous a/c merely raises the obvious question - “why would a legally-constituted Canadian corporation post this offer under a pseudonym?”

Personally, I find the plausible answers less than reassuring, can you help?


Cheers

Graham

you can keep them all , no thanks, too many gimicks, no code,

if you have something to release (that actually exists)  release it, on github , send it out into the world

I think this sounds interesting, but maybe re-word it a bit from everything being "vetted".

When is the launch date (or did I miss it)? And if its using DPoS as well as having 100% of the coins distributed, then what is this ASIC-Resistant algorithm for (as its not a PoW coin it seems).

Also, why did you choose Python for the contracts, and can you link to the whitepapers that discuss the technologies you are referring to.

Finally, background about the development team behind this - a 20% premine for such a project with a 3 month ICO needs identifiability.

What is this ?


what does it offer other that makes it different?


What measures are you taking to prove that is not a scam project?  

Edit :


so you solved this...

what a load of crap. Together with the pun name and how your basically have all the features of top 10 coins really proves that your out to scam the eff out of people here.

I should mention the largest and most successful crypto launch to date reserved a similar amount for their developers, 17%.

ico , no thanks, next!

Yes, and the dev also gets to keep 19.9% of the coins

*bump*

glad to have you aboard

signed up 

Yeah the 2160p versions on the site took quite a while to render. Enjoy

Thanks

Ok nevermind.. I got it. I will wait till March, no problem 

It's there in the wallpaper, don't you see it? I forgot to mention the ICO, I'll put that in.

Ok i signed up.. Wheres the money? 

Good luck.

is it going to be an ICO?

nice looking wallpapers btw 

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