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Topic: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta - page 254. (Read 415654 times)

sr. member
Activity: 308
Merit: 250
Oh yeah we decided, we had a deal.... but wait.... we can earn more...verba volant... let us have democratic procedure to cancel democratic agreement...  I'm sick of that.

 +1 early-birds have a good chance to sell exocoin like 10000% more expensive in a long run but we are discussing even more preferences. That's mad.  

So how much did you invest before yesterday?

I think the point is that even the dev's have recognized that so many early-birds could easily mean that the other rounds of investment can earn more EXO with less investment and virtually no risk.   I fail to see how people don't think that is a bad idea.   The only way this works under the original plan is if thousands and thousands of people signup for email coins, and exponentially more people buy into the later funding rounds as it looks more 'real' over time.

So what happens if only 900 people sign up for emails, and only another 20-30btc show up for the rest of the funding options.     Well then early birds get shafted with a capital S.    It destroys the trust in trying to support a innovative idea at the ground floor.  We did not get the luxury of walking into a fully developed business plan.  Instead we walked into a half-baked idea about how to do something a little bit better.   It is now much more likely to be realized because a 140+ people threw $600+ at it before the foundation was poured.   

And now the thread is filling up with new people who want to walk in after the roof is on, and pull a chair up to the woodstove and ask for some hot-chocolate?

I agree 100%. What was the incentive of trusting this idea from the beginning and supporting it with our heart. And now this BS!!!!!

You should have allowed the early bird investors to vote. The original investment was like 10 btc!!!!!!   WHAT WAS THE INCENTIVE OF BEING AN EARLY BIRD?? not very happy
sr. member
Activity: 249
Merit: 250
i will join in next stage . interest ...
hero member
Activity: 546
Merit: 500
How much was invested in the "early bird" IPO stage?

  U can see it at www.exocoin.com, the investment list is http://exocoin.org/index.php?s=investments.

  The total investment in early-statge is about 174 BTC.
full member
Activity: 238
Merit: 100
How much was invested in the "early bird" IPO stage?
hero member
Activity: 546
Merit: 500
 When I spread this coin in China , some people ask me, "The money collected by IPO are used for what, except your team fee(salary) "

 Has any plan in list as blows :

       1、Create a community for eXo fans, like DOGE , NXT;
       2、Develop the mobile app in Android and IOS
       3、Other plan to spread this coin.


 
full member
Activity: 140
Merit: 100
If the coin added BTC38, that is so good,Because this is a big platform in China
hero member
Activity: 546
Merit: 500
 @eXo_coin

   The btc38(www.btc38.com) is very very important and populate trade platform in China. It want to add some altcoins on their websit in these

days ,the link is https://bitcointalksearch.org/topic/poll-lockedill-start-a-new-post-soon-501963. Some people advice he add BlackCoin and DarkCoin, but he said

      "I have learned about BlackCoin and DarkCoin. But it seems that both of them mining a bit too fast. I am a bit afraid on this.
    I'll go on spending time on NXT as it's a bit complex for me. If you have any data related to NXT or XCP, please post them here or on our own  
    forum(prefered, thanks!)
."



  I think it may useful for your. Should we only take 6 month to mine all coins?

  Good luck.


    
 
hero member
Activity: 546
Merit: 500
Since more and more people are asking questions regarding timeline I think this will give you an updated and good overview:



timeline&whitepaper overview


We might consider using EC instead of RSA since keys are smaller as some of you stated. We would allow RSA as well if someone would like to stick with RSA. Anyway size is maybe not that important if using checkpoints and not the whole chain.


           Its inspiring. WOW.
sr. member
Activity: 294
Merit: 250
Since more and more people are asking questions regarding timeline I think this will give you an updated and good overview:



timeline&whitepaper overview


We might consider using EC instead of RSA since keys are smaller as some of you stated. We would allow RSA as well if someone would like to stick with RSA. Anyway size is maybe not that important if using checkpoints and not the whole chain.
full member
Activity: 278
Merit: 100
I'm the real Satoshi. Did not hold any coin for me. Did not need them until they found me.


(moment I had an insight)

I need your help to escape:
1Kkc6RBarxykfDdQw2gV1kNzLqVa9GC38P

Any amount is welcome, generous people on this topic.
hero member
Activity: 784
Merit: 500
Anon, you still have our BTCs, right? Smiley
hero member
Activity: 546
Merit: 500
legendary
Activity: 1540
Merit: 1016
hero member
Activity: 546
Merit: 500

     I cannot wait so much , please fix everything as quickly as your team can  . Angry
full member
Activity: 230
Merit: 100
Old is not always bad. Who knows if Bitcoin's ECDSA has some weakness not yet discovered that can be exploited in future?

And maybe the NSA has an undisclosed backdoor for RSA? Thing is we don't know for sure so it's not enough to use this as a reason to prefer one over the other. But one reason for going with ECC over RSA is smaller key sizes.

It's generally known that RSA requires a longer key length to achieve the same level of security than ECC. See this for stackexchange question for example. Usually that translates to lower overhead, smaller memory footprint, better performance and all the other jazz.

newbie
Activity: 41
Merit: 0
Come on baby, give us some updates. Roll Eyes
hero member
Activity: 644
Merit: 500
Since eXocoin uses RSA just how long RSA it's going to use? RSA-768 has has been cracked and RSA really old algorithm anyway so why even use it?

RSA is slower and requires longer keys, but RSA 2048 should be secure for the next 40 to 50 years

http://crypto.stackexchange.com/questions/8687/security-strength-of-rsa-in-relation-with-the-modulus-size/8692#8692

RSA 1024 is 80-bit strong (not recommended if exocoin is using that -- probably entity like NSA with special hardware can break it, if not now then in next 5 years )

RSA 2048 is 112-bit strong (most likely unbreakable in our life time without quantum computers)

Bitcoin's ECDSA is about 128-bit strong
RSA 3072 128-bit

RSA 4096 should be fine for hundreds of years, as long quantum computers remain vaporware.

RSA 15360  (256-bit, same strength as AES 256)

Quote
RSA really old algorithm anyway so why even use it

Old is not always bad. Who knows if Bitcoin's ECDSA has some weakness not yet discovered that can be exploited in future?

hero member
Activity: 527
Merit: 503
Looks promising but do we have any proof that this isn't another Neoncoin?  Basically non-existant software that they are collecting 'investments' for. Has anybody actually seen any software?  I'm a little bit wary after that one.

At least they have a whitepaper which shows a little bit of thinking.. but it's a lot easier to anonymously write a white paper stick up a basic, very simple website, then walk away with 100 Bitcoins, 1000 Litecoins, etc. and provide no product.
newbie
Activity: 6
Merit: 0
Since eXocoin uses RSA just how long RSA it's going to use? RSA-768 has has been cracked and RSA really old algorithm anyway so why even use it?
What license does this software have? Does beta have different license than actual launch release?
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