Notice:: PROJECT X, Come Join the Movement - page 5.

barwizi

legendary

Activity: 882

Merit: 1000

The premise is not based on what if and hypotheticals, it is simply a mapping of as many blockchains as i can onto one. The fact that i will hold one percent means nothing. And attempting to use a distribution model that leaves coins in my hands or even on a bot is just asking for trouble and very inefficient.

If the community feels that this is a valuable coin we will see many people redeeming, if not, then it will just die. But i cannot make my decisions based on ifs and whens.

Funny how people are fixated on the 1% i hold over the fact that these are free coins, no IPO , ICO or mining involved, you just get coins no strings attached. So i should give away free coins and not take some free 1% for myself of said free coins? Huh

barwizi

legendary

Activity: 882

Merit: 1000

Quote from: theprofileth on September 22, 2014, 07:58:40 PM

Quote from: barwizi on September 22, 2014, 07:08:41 AM

Quote from: picchio on September 22, 2014, 06:56:49 AM

Quote from: barwizi on September 22, 2014, 06:52:15 AM

Quote from: picchio on September 22, 2014, 06:44:57 AM

Quote from: barwizi on September 21, 2014, 01:09:01 PM

...
How to get your Coins
--------------------------

...
type dumpprivkey "insertyouraddresshere" and copy the result.

Then in the XUC wallet

HELP--> DEBUG WINDOW --> CONSOLE

type importprivkey "yourprivatekeyhere",

Why do not use signmessage?
signmessage
Sign a message with the private key of an address

You can prove ownership of an address using signmessage yes...but how will you redeem them?

Little english ... sorry,
if I understand, you can sign a message that assign coin to new one in your coin with new private key and new address.

You are talking about Ownership, i am saying that you cannot use sign message to redeem your coins.

You could have a script where you give your address you want to redeem and then it asks for a random message to be signed within like lets say 5 minutes and if that signature can be verified correctly then you just send the correctly allocated funds to their payout account that the user specifies, problem solved. However this whole system is dead in the water if there is a 1% premine of EVERY COIN INCLUDED especially when many coins have years and years of distrobution required normally. I mean think of it this way, barwizi is going to have 1% of ALL BTC ever to be created alone in this system meaning he probably will hold the lion's share of the coins which is the equivalent to 210,000 BTC
edit: no longer oversized

That requires that all coins be mined in advance and i will end up with way more than the 1% intended as not everyone will redeem.

It's not 1% of every coin, it's 1% of this coin, i dont see how the two connect.

Quote

barwizi is going to have 1% of ALL BTC ever to be created alone

lol, wut? So my having 1% of this coin equates to having 1 % of all BTC , how?

Quote

he probably will hold the lion's share of the coins which is the equivalent to 210,000

Unless i am mistaken, there are only ~13 million BTC to date and i see no issue in my holding 1% of my idea. Keep in mind these tokens onlyh have the value awarded by the community, they do not have an actual set price.

And please explain to me why it is a problem that i am giving away free coins and decide to keep 1% for myself?

edit: if you really know the crypto world then you'd lknow that me holding 1% is nothing, there are people who just import BTC and LTC can own up to 10 % of the chain.

theprofileth

full member

Activity: 239

Merit: 100

Socialist Cryptocurrency Devote

Quote from: barwizi on September 22, 2014, 07:08:41 AM

Quote from: picchio on September 22, 2014, 06:56:49 AM

Quote from: barwizi on September 22, 2014, 06:52:15 AM

Quote from: picchio on September 22, 2014, 06:44:57 AM

Quote from: barwizi on September 21, 2014, 01:09:01 PM

...
How to get your Coins
--------------------------

...
type dumpprivkey "insertyouraddresshere" and copy the result.

Then in the XUC wallet

HELP--> DEBUG WINDOW --> CONSOLE

type importprivkey "yourprivatekeyhere",

Why do not use signmessage?
signmessage
Sign a message with the private key of an address

You can prove ownership of an address using signmessage yes...but how will you redeem them?

Little english ... sorry,
if I understand, you can sign a message that assign coin to new one in your coin with new private key and new address.

You are talking about Ownership, i am saying that you cannot use sign message to redeem your coins.

You could have a script where you give your address you want to redeem and then it asks for a random message to be signed within like lets say 5 minutes and if that signature can be verified correctly then you just send the correctly allocated funds to their payout account that the user specifies, problem solved. However this whole system is dead in the water if there is a 1% premine of EVERY COIN INCLUDED especially when many coins have years and years of distrobution required normally. I mean think of it this way, barwizi is going to have 1% of ALL BTC ever to be created alone in this system meaning he probably will hold the lion's share of the coins which is the equivalent to 210,000 BTC
edit: no longer oversized

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Pointless coins need to die so useful ones can thrive... so it's a reverse Darwinian coin.

In the Alt Zero Sum Game...
This is a wealth transfer from successful coins to failed coins...
With all the usual middlemen taking a massive cut.

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: barwizi on September 22, 2014, 11:36:36 AM

Quote from: JakeThePanda on September 22, 2014, 11:25:53 AM

How much of the 1% pre-mine will go to the General Fund of Noir Group?

Probably a good share, why?

edit: maybe half or more depending

No reason, just curious.

SuperClam

hero member

Activity: 784

Merit: 1002

CLAM Developer

Quote from: ?? on ??

Quote from: SuperClam on September 22, 2014, 12:47:05 PM

Great Idea Grin

So great, in fact, that we implemented it back in MAY

CLAMS -> Proof-of-Chain
Our code has already been vetted Cheesy

Glad to have another Proof-Of-Chain coin aboard.
For God's sake, please be respectful and trustworthy of your users information.

For those interested, CLAMS distributed to every single address on the BTC, LTC, DOGE block chains in the middle of May.
Distributions were not based on balance, but instead evenly disbursed.
If you owned BTC, LTC, DOGE in the middle of May, you already own CLAMS.
You can claim from within the wallet via the convenient "Import Wallet" dialog.
In addition, the network is 100% PoS through a fair non-interest based Lottery.
The size of your pile does NOT decide the size of the stake reward.
Cheers from the CLAMS team Grin

Any questions and please feel free to come say hello in freenode IRC @ #clams http://www.clamclient.com/irc/

+1

Thanks, we thought it was pretty cool too Cheesy

[edit for spelling]

SuperClam

hero member

Activity: 784

Merit: 1002

CLAM Developer

Great Idea Grin

So great, in fact, that we implemented it back in MAY

CLAMS -> Proof-of-Chain
Our code has already been vetted Cheesy

Glad to have another Proof-Of-Chain coin aboard.

For God's sake, please be respectful and trustworthy of your users information.

For those interested, CLAMS distributed to every single address on the BTC, LTC, DOGE block chains in the middle of May.
Distributions were not based on balance, but instead evenly disbursed.

If you owned BTC, LTC, DOGE in the middle of May, you already own CLAMS.
You can claim from within the wallet via the convenient "Import Wallet" dialog.

In addition, the network is 100% PoS through a fair non-interest based Lottery.
The size of your pile does NOT decide the size of the stake reward.

Cheers from the CLAMS team Grin

Any questions and please feel free to come say hello in freenode IRC @ #clams http://www.clamclient.com/irc/

barwizi

legendary

Activity: 882

Merit: 1000

Quote from: mitache365 on September 22, 2014, 12:41:21 PM

lol another scam by barwizi Cool

Yes, He's given away free coins!!! It just has to be a scam !! Roll Eyes

mitache365

hero member

Activity: 732

Merit: 500

lol another scam by barwizi Cool

barwizi

legendary

Activity: 882

Merit: 1000

Quote from: JakeThePanda on September 22, 2014, 11:25:53 AM

How much of the 1% pre-mine will go to the General Fund of Noir Group?

Probably a good share, why?

edit: maybe half or more depending

Majormax

legendary

Activity: 2534

Merit: 1129

Quote from: barwizi on September 22, 2014, 08:12:02 AM

Quote from: ethought on September 22, 2014, 08:09:03 AM

Quote from: URSAY on September 21, 2014, 08:44:38 PM

Quote from: theprofileth on September 21, 2014, 08:32:21 PM

Quote from: MisO69 on September 21, 2014, 08:22:54 PM

I don't know if this has been said or not. Tired, long day and don't want to read every sentence.

1) Snapshot is taken.
2) Move your coins to another wallet.
3) Use private keys from original wallet that had your coins during the snapshot.

Problem solved. Wink

Yeah I already figured out that this was a decent solution however I am unclear whether or not every address is being implemented from all included coins because having to do something like that poses its own problems not to mention the inconvience of having to move coins that would otherwise receive PoS and now resetting your coin age

You wouldn't be moving coins by inputing your private key into his wallet. You'd be showing him that you own the coins and you'd also be exposing those coins to security risks. You could move your coins to a new wallet after the snapshot, yes. But when the snapshot is taken would be decided by barwizi or his people while they potentially control your keys thru their software. This leaves enough time for your keys to be exposed and your coins to be stolen. If the pillage process is automated then it only takes a few seconds.

Problem NOT solved. Wink

Problem is solved.

1. Snapshot is taken of your BTC address XYZ with 100BTC balance
2. Move your BTC to new address ABC from XYZ -> essentially moving any coins from your original private key to new private key.
3. Input your private key from bitcoin wallet for XYZ (which now has 0 balance) into project X wallet.

That way even if the project x wallet has bad intentions (which I don't believe it would) by the time you input your original XYZ private key there would be no balance to steal anyway.

Totally fail safe. Just quite a hassle to move all your coins from all the various wallets to new private keys after the snapshot....

Thanks

For the issue you raise, i guess it's up to the user to decide if they want all their coins

Of course its a snapshot at a selected date. The date needs to be set for each coin, or globally.

How many coins are you intending to incorporate ? There are scores of big communities (by length of BTCtalk thread) where the coins have low market cap.

JakeThePanda

hero member

Activity: 644

Merit: 500

How much of the 1% pre-mine will go to the General Fund of Noir Group?

biophil

member

Activity: 66

Merit: 10

Quote from: URSAY on September 21, 2014, 01:22:19 PM

Giving up private keys for multiple coins to one untrusted source? Shocked

Just transfer all your funds to a new address before you import your key, and then make sure you never use that private key again.

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: barwizi on September 22, 2014, 09:39:56 AM

Quote from: gjhiggins on September 22, 2014, 09:16:53 AM

Oooh, can I bug you for a list off've the top of your head? (or anyone).

NRS - NoirShares
BTSX - BitSharesX
MMC 2.0 Memorycoin
Clams
Lotto shares
ADT

That's most useful, many thanks for taking the time to respond.

Cheers

Graham

barwizi

legendary

Activity: 882

Merit: 1000

Quote from: gjhiggins on September 22, 2014, 09:16:53 AM

Quote from: barwizi on September 22, 2014, 09:06:49 AM

Yes there are lots of examples of this method being used successfully.

Oooh, can I bug you for a list off've the top of your head? (or anyone).

I'm keen to update the relevant DOACC entries to accurately record the distribution scheme.

Cheers

Graham

NRS - NoirShares

BTSX - BitSharesX

MMC 2.0 Memorycoin

Clams

Lotto shares

ADT

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: barwizi on September 22, 2014, 09:06:49 AM

Yes there are lots of examples of this method being used successfully.

Oooh, can I bug you for a list off've the top of your head? (or anyone).

I'm keen to update the relevant DOACC entries to accurately record the distribution scheme.

Cheers

Graham

barwizi

legendary

Activity: 882

Merit: 1000

in order to make the snapshot process fast an painless, i am already download all accepted blockchains, creating relevant databases and writing the update scripts, meaning on the actual snapshot date, it will take less than 10 minutes to get all the data.

barwizi

legendary

Activity: 882

Merit: 1000

Quote from: gjhiggins on September 22, 2014, 08:32:17 AM

Quote from: ethought on September 22, 2014, 08:09:03 AM

Problem is solved.

1. Snapshot is taken of your BTC address XYZ with 100BTC balance
2. Move your BTC to new address ABC from XYZ -> essentially moving any coins from your original private key to new private key.
3. Input your private key from bitcoin wallet for XYZ (which now has 0 balance) into project X wallet.

Exactly the instructions that accompanied the CLAMS launch: https://bitcointalksearch.org/topic/annclam-clams-proof-of-chain-proof-of-working-stake-aka-clamcoin-623147

If you had a non-zero balance in a BTC/LTC/DOGE wallet earlier this year there may be CLAMS awaiting you. You then have the opportunity to trial the process with a coin of known integrity and satisfy yourself that the process works as described.

Just a thought.

Cheers

Graham

Yes there are lots of examples of this method being used successfully.

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: ethought on September 22, 2014, 08:09:03 AM

Problem is solved.

1. Snapshot is taken of your BTC address XYZ with 100BTC balance
2. Move your BTC to new address ABC from XYZ -> essentially moving any coins from your original private key to new private key.
3. Input your private key from bitcoin wallet for XYZ (which now has 0 balance) into project X wallet.

Exactly the instructions that accompanied the CLAMS launch: https://bitcointalksearch.org/topic/annclam-clams-proof-of-chain-proof-of-working-stake-aka-clamcoin-623147

If you had a non-zero balance in a BTC/LTC/DOGE wallet earlier this year there may be CLAMS awaiting you. You then have the opportunity to trial the process with a coin of known integrity and satisfy yourself that the process works as described.

Just a thought.

Cheers

Graham

barwizi

legendary

Activity: 882

Merit: 1000

Quote from: ethought on September 22, 2014, 08:19:16 AM

The only issue I have is how the list of coins are selected.

To make this truly all encompassing wouldn't you need to add quite a large percentage, if not all, of the 1000+ coins already in existence?

Can anyone suggest coins they would like to add?

Yes, all are welcome, the one main limitation is that it needs to be traded, that way valuing it is easier. Do you have any coins in mind?

That is also another issue i am struggling with, how to value it based on BTC with ending up giving more than half the coins to BTC.

I think i may end up just valuing based on BTC then not map BTC balances, this will effectively mean its an alts only alt.

edit: i am hoping we'll only need to add a max of 200 , hopefully anyone and everyone involved with cryptos will be able to claim some

Topic: Notice:: PROJECT X, Come Join the Movement - page 5. (Read 12582 times)