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Topic: [PRE-ANN] Manta - DAG & zkSNARKs - Fast, Fee-less, Private Cryptocurrency - page 19. (Read 14222 times)

copper member
Activity: 42
Merit: 1
you have not update the donation list in the link? you said it will be updated frequently?

We've just updated it  Smiley
newbie
Activity: 2
Merit: 0
you have not update the donation list in the link? you said it will be updated frequently?
copper member
Activity: 42
Merit: 1
How does Faucet distribution work exactly?


We plan on it being done through Captcha's, similar to the distribution of RaiBlocks.

This is now the third or fourth privacy focused fork off RaiBlocks. And just like all that came before this one, there's no information about the developers, no white paper, no anything really. I'm all for announcing a coin before it's released, but common practice in the industry now is releasing the white paper with the announcement, and also listing all people working on the project along with their past work history and experience. Without this it just comes across a bit shady, especially when your're asking for donations right out of the gate.

I'd gladly make a donation here, but you need to release your identities, and I'm urging everyone that's donating regardless to proceed with extreme caution here. Many people donated to Stone, only to have nothing come from it and no communication from the developers.

If you release your identities, and drop a white paper, I'll have my donation in your XRB wallet immediately. Release a beta wallet and open the faucet to start actually collecting the coins and I'll go HEAVY. But until then this just feels like smoke and mirrors and projects like these are really starting to put a damper on RaiBlocks core.

For the sake of being optimistic here, you guys should consider releasing a newsletter of some sort. One where you can provide progress as you go.. Show us your work, don't tell. Consider creating an open Github repository so people can actually see the progress you're making with the code. If you release your id's and open the faucet, you can notify your followers through the newsletter. Or even a Medium account with regular updates... Just more information is needed in general.

Hey Cawfee, we appreciate the constructive criticism and look to answer your questions properly.

As for why we made a PRE-ANN post, we initially weren't going to make our initial post till mid-February, though seeing other projects pop up (though their legitimacy is questionable), we decided to just get our name out there as seniority is incredibly value within the crypto community, with Bitcoin itself being a prime example. The reason we added the option to donate was to allow early adopters to get in while allowing us to achieve some capital to expand our dev team and such.

In regards to identities, we do plan on revealing ourselves at the time of MANTA being fully released. We do hope to impress people such as yourself with the release of our whitepaper in mid-February and look forward to releasing our game-changing currency.

Sincerely,

Brian



You don't want to release initial draft of the Whitepaper
You don't want to release any source code
You don't want release your identity 
But at least use Escrow
Thanks





We have our timeline set for releasing our whitepaper, code, and identities, and certainly want to do so when the timing is appropriate. As for the question of Escrow, the funds are being used exclusively for development which is why we opted for direct contributions.
hero member
Activity: 980
Merit: 502
This is now the third or fourth privacy focused fork off RaiBlocks. And just like all that came before this one, there's no information about the developers, no white paper, no anything really. I'm all for announcing a coin before it's released, but common practice in the industry now is releasing the white paper with the announcement, and also listing all people working on the project along with their past work history and experience. Without this it just comes across a bit shady, especially when your're asking for donations right out of the gate.

I'd gladly make a donation here, but you need to release your identities, and I'm urging everyone that's donating regardless to proceed with extreme caution here. Many people donated to Stone, only to have nothing come from it and no communication from the developers.

If you release your identities, and drop a white paper, I'll have my donation in your XRB wallet immediately. Release a beta wallet and open the faucet to start actually collecting the coins and I'll go HEAVY. But until then this just feels like smoke and mirrors and projects like these are really starting to put a damper on RaiBlocks core.

For the sake of being optimistic here, you guys should consider releasing a newsletter of some sort. One where you can provide progress as you go.. Show us your work, don't tell. Consider creating an open Github repository so people can actually see the progress you're making with the code. If you release your id's and open the faucet, you can notify your followers through the newsletter. Or even a Medium account with regular updates... Just more information is needed in general.

Hey Cawfee, we appreciate the constructive criticism and look to answer your questions properly.

As for why we made a PRE-ANN post, we initially weren't going to make our initial post till mid-February, though seeing other projects pop up (though their legitimacy is questionable), we decided to just get our name out there as seniority is incredibly value within the crypto community, with Bitcoin itself being a prime example. The reason we added the option to donate was to allow early adopters to get in while allowing us to achieve some capital to expand our dev team and such.

In regards to identities, we do plan on revealing ourselves at the time of MANTA being fully released. We do hope to impress people such as yourself with the release of our whitepaper in mid-February and look forward to releasing our game-changing currency.

Sincerely,

Brian



You don't want to release initial draft of the Whitepaper
You don't want to release any source code
You don't want release your identity  
But at least use Escrow
Thanks



hero member
Activity: 838
Merit: 500
How does Faucet distribution work exactly?
newbie
Activity: 28
Merit: 0
May suggest a different mechanism for distribution, instead of captchas?

The idea is to make the distribution as balanced as possible relative to the number of people who are going to want to get free coins, and to their physical ability to solve captchas. This would also make irrelevant the automatic captcha solvers.

Make a small desktop / web application which does some proof of work based on a lot of RAM (like 2...4 GB). The idea is to make CPUs as efficient or more efficient than videocards and ASICs.

The result of a day of work (on an average computer) of this application would be a string which is sent to you through a website. This string contains the necessary information to validate the proof of work (in the same application).

For the valid proofs of work, you can then manually (or automatically) distribute the coins to the participants.

You allow this for a limited time, like a month, or whatever.

What you need for the proof of work:
* A (random) seed which you generate only immediately before you make the final build and release the application to the public. This will prevent precomputation.
* An address for the account which will receive the coins.
* A timestamp. This is used to generate different proofs of work for the same address.
* Possibly a counter, depending on the proof of work algorithm.

As you can see this is a like mining, but very limited in time (and therefore energy) and without the immense complexity of implementing one into the coin itself.


Distribution through faucets is much more fair.
member
Activity: 76
Merit: 10
This sounds promising but I'd like to know more about the team behind it, especially before I would consider donating.
newbie
Activity: 6
Merit: 0
May suggest a different mechanism for distribution, instead of captchas?

The idea is to make the distribution as balanced as possible relative to the number of people who are going to want to get free coins, and to their physical ability to solve captchas. This would also make irrelevant the automatic captcha solvers.

Make a small desktop / web application which does some proof of work based on a lot of RAM (like 2...4 GB). The idea is to make CPUs as efficient or more efficient than videocards and ASICs.

The result of a day of work (on an average computer) of this application would be a string which is sent to you through a website. This string contains the necessary information to validate the proof of work (in the same application).

For the valid proofs of work, you can then manually (or automatically) distribute the coins to the participants.

You allow this for a limited time, like a month, or whatever.

What you need for the proof of work:
* A (random) seed which you generate only immediately before you make the final build and release the application to the public. This will prevent precomputation.
* An address for the account which will receive the coins.
* A timestamp. This is used to generate different proofs of work for the same address.
* Possibly a counter, depending on the proof of work algorithm.

As you can see this is a like mining, but very limited in time (and therefore energy) and without the immense complexity of implementing one into the coin itself.
newbie
Activity: 2
Merit: 0
I'm very interested in this project. The whitepaper is due to be released next month? If so, I would like to strongly consider donating to the project.
sr. member
Activity: 702
Merit: 251
This is now the third or fourth privacy focused fork off RaiBlocks. And just like all that came before this one, there's no information about the developers, no white paper, no anything really. I'm all for announcing a coin before it's released, but common practice in the industry now is releasing the white paper with the announcement, and also listing all people working on the project along with their past work history and experience. Without this it just comes across a bit shady, especially when your're asking for donations right out of the gate.

I'd gladly make a donation here, but you need to release your identities, and I'm urging everyone that's donating regardless to proceed with extreme caution here. Many people donated to Stone, only to have nothing come from it and no communication from the developers.

If you release your identities, and drop a white paper, I'll have my donation in your XRB wallet immediately. Release a beta wallet and open the faucet to start actually collecting the coins and I'll go HEAVY. But until then this just feels like smoke and mirrors and projects like these are really starting to put a damper on RaiBlocks core.

For the sake of being optimistic here, you guys should consider releasing a newsletter of some sort. One where you can provide progress as you go.. Show us your work, don't tell. Consider creating an open Github repository so people can actually see the progress you're making with the code. If you release your id's and open the faucet, you can notify your followers through the newsletter. Or even a Medium account with regular updates... Just more information is needed in general.

Hey Cawfee, we appreciate the constructive criticism and look to answer your questions properly.

As for why we made a PRE-ANN post, we initially weren't going to make our initial post till mid-February, though seeing other projects pop up (though their legitimacy is questionable), we decided to just get our name out there as seniority is incredibly value within the crypto community, with Bitcoin itself being a prime example. The reason we added the option to donate was to allow early adopters to get in while allowing us to achieve some capital to expand our dev team and such.

In regards to identities, we do plan on revealing ourselves at the time of MANTA being fully released. We do hope to impress people such as yourself with the release of our whitepaper in mid-February and look forward to releasing our game-changing currency.

Sincerely,

Brian



What I find weird is all these "projects" including yours have moderated threads.
Imo real projects have freedom of speech, not someone who moderates what can and can't be said.
newbie
Activity: 6
Merit: 0
What limits would there be to the number of coins that someone can get through the faucet?

Number of solved captchas, IP address, email address, phone number / SMS...?
copper member
Activity: 42
Merit: 1
Very interested in this project, will be watching closely, but like others have stated - it would be great to see who the team behind the currency is?

To answer the common question, we're a Dev team of 3 experienced Software Engineers with Brian (me) and Jason working on the project for the last ~6 months, while Nikhil has just joined us this week.

In regards to a personal reveal, we plan on releasing our LinkedIn's as well as hosting a YouTube Livestream when we officially release MANTA to introduce ourselves fully and talk about the future of it.
hero member
Activity: 867
Merit: 1000
Watching for public release... faucet sounds good
newbie
Activity: 5
Merit: 0
Very interested in this project, will be watching closely, but like others have stated - it would be great to see who the team behind the currency is?
copper member
Activity: 42
Merit: 1
This is now the third or fourth privacy focused fork off RaiBlocks. And just like all that came before this one, there's no information about the developers, no white paper, no anything really. I'm all for announcing a coin before it's released, but common practice in the industry now is releasing the white paper with the announcement, and also listing all people working on the project along with their past work history and experience. Without this it just comes across a bit shady, especially when your're asking for donations right out of the gate.

I'd gladly make a donation here, but you need to release your identities, and I'm urging everyone that's donating regardless to proceed with extreme caution here. Many people donated to Stone, only to have nothing come from it and no communication from the developers.

If you release your identities, and drop a white paper, I'll have my donation in your XRB wallet immediately. Release a beta wallet and open the faucet to start actually collecting the coins and I'll go HEAVY. But until then this just feels like smoke and mirrors and projects like these are really starting to put a damper on RaiBlocks core.

For the sake of being optimistic here, you guys should consider releasing a newsletter of some sort. One where you can provide progress as you go.. Show us your work, don't tell. Consider creating an open Github repository so people can actually see the progress you're making with the code. If you release your id's and open the faucet, you can notify your followers through the newsletter. Or even a Medium account with regular updates... Just more information is needed in general.

Hey Cawfee, we appreciate the constructive criticism and look to answer your questions properly.

As for why we made a PRE-ANN post, we initially weren't going to make our initial post till mid-February, though seeing other projects pop up (though their legitimacy is questionable), we decided to just get our name out there as seniority is incredibly value within the crypto community, with Bitcoin itself being a prime example. The reason we added the option to donate was to allow early adopters to get in while allowing us to achieve some capital to expand our dev team and such.

In regards to identities, we do plan on revealing ourselves at the time of MANTA being fully released. We do hope to impress people such as yourself with the release of our whitepaper in mid-February and look forward to releasing our game-changing currency.

Sincerely,

Brian

newbie
Activity: 3
Merit: 0
This is now the third or fourth privacy focused fork off RaiBlocks. And just like all that came before this one, there's no information about the developers, no white paper, no anything really. I'm all for announcing a coin before it's released, but common practice in the industry now is releasing the white paper with the announcement, and also listing all people working on the project along with their past work history and experience. Without this it just comes across a bit shady, especially when your're asking for donations right out of the gate.

I'd gladly make a donation here, but you need to release your identities, and I'm urging everyone that's donating regardless to proceed with extreme caution here. Many people donated to Stone, only to have nothing come from it and no communication from the developers.

If you release your identities, and drop a white paper, I'll have my donation in your XRB wallet immediately. Release a beta wallet and open the faucet to start actually collecting the coins and I'll go HEAVY. But until then this just feels like smoke and mirrors and projects like these are really starting to put a damper on RaiBlocks core.

For the sake of being optimistic here, you guys should consider releasing a newsletter of some sort. One where you can provide progress as you go.. Show us your work, don't tell. Consider creating an open Github repository so people can actually see the progress you're making with the code. If you release your id's and open the faucet, you can notify your followers through the newsletter. Or even a Medium account with regular updates... Just more information is needed in general.
legendary
Activity: 1098
Merit: 1000
Angel investor.
May I ask who is behind this coin?
jr. member
Activity: 126
Merit: 3
Looking forward to more information on this project. If the whitepaper is release, then I'll donate some to help with development and receive some Manta.

Exactly, I would also like to see the website and the whitepaper of the project before taking further action. For now, I'll keep on following this because it looks really promising.
full member
Activity: 171
Merit: 105
Looking forward to more information on this project. If the whitepaper is release, then I'll donate some to help with development and receive some Manta.
newbie
Activity: 2
Merit: 0
Interesting!! Are u guys planning to make a Telegram group?
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