[PRE-ANN] RecoveryCoin - ECDSA-based cryptocurrency with fair mining - page 2.

JimmyRecard

member

Activity: 98

Merit: 10

Quote from: bitalchemists on January 22, 2017, 10:22:48 PM

Quote from: JariKriting on January 22, 2017, 10:14:09 PM

youre write
in launch coin and create coin is expected in September 2017.
but this now month january youre open ico selling, collect bitcoin investor and without escrow because coin still not ready

All smartass traders, including you are welcome to get off this thread at once.

You have another thing coming bitalchemists Grin

or should I say Triswardhani, loljosh, mintodev, templar77, Carlos RT Ferguson, nite69, Thewolfofcrypto Wink

You ain't fooling anyone Cheesy

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: Wolf Rainer on January 22, 2017, 10:52:35 PM

Any bounty available or to be announced? I would like to translate ann to spanish.

Please private message.

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

Any bounty available or to be announced? I would like to translate ann to spanish.

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: JariKriting on January 22, 2017, 10:14:09 PM

youre write
in launch coin and create coin is expected in September 2017.
but this now month january youre open ico selling, collect bitcoin investor and without escrow because coin still not ready

All smartass traders, including you are welcome to get off this thread at once.

JariKriting

hero member

Activity: 1008

Merit: 518

Undeads.com - P2E Runner Gamem

youre write
in launch coin and create coin is expected in September 2017.
but this now month january youre open ico selling, collect bitcoin investor and without escrow because coin still not ready

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: adaseb on January 22, 2017, 08:48:11 PM

Its just not possible what you are trying to do.

To crack a private key with brute force will make millions of years even on Bitcoin ASICs.

This wont achieve anything except wasted electricity.

It's not the purpose of this coin, please read the website at www.recoverycoin.info and the whitepaper. Also, without incentive there's no effort.

adaseb

legendary

Activity: 3808

Merit: 1723

Up to 300% + 200 FS deposit bonuses

Its just not possible what you are trying to do.

To crack a private key with brute force will make millions of years even on Bitcoin ASICs.

This wont achieve anything except wasted electricity.

bitalchemists

newbie

Activity: 14

Merit: 0

Address generator and ECDSA hash demonstration now available on github: https://github.com/bit-alchemists/RecoveryCoin

For any help on how to build and run, or if you have any question about the code or the architecture please ask in this thread and you will be answered. Also we would appreciate your insights and comments. Why use PoW addresses? Harder to crack, saves space on the blockchain and keeps the coin away from mass trading. Also, while generating the address the targets may be hit (rewards are generated at transaction level and not at block level).

menace.bit

sr. member

Activity: 457

Merit: 250

Generation Blockchain.

Put this to good use to recover coins from ICO scams. Any recovered BTC should be donated to the foundation. Grin

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: Sourgummies on January 20, 2017, 10:42:32 PM

If you cant even explain what your doing and why your doing it and how it helps ect in more then a few sentences you don't deserve my time.

Good bye.

An explanation was already given, assuming that you have general knowledge of cryptocurrency technology.

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

If you cant even explain what your doing and why your doing it and how it helps ect in more then a few sentences you don't deserve my time.

Good bye.

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: Sourgummies on January 20, 2017, 10:13:46 PM

Quote from: bitalchemists on January 20, 2017, 09:53:41 PM

Quote from: Sourgummies on January 20, 2017, 09:48:10 PM

Quote from: bitalchemists on January 20, 2017, 09:41:52 PM

Quote from: Sourgummies on January 20, 2017, 09:39:28 PM

Quote from: bitalchemists on January 20, 2017, 08:26:36 PM

Dear everyone,
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be e full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly. Kiss

Then what's the point. I don't get why you would want the first 8 bytes? What can you do with that?

You can measure how probable it is to crack a Bitcoin address. This is similar to "shares" in pooled mining.

But how does that make money for you or anyone else unless you take the btc in the address.

You serve the Bitcoin community by telling them when they have to switch to a bigger key size. So without RecoveryCoin, BTC holders might be at risk some day.

Still not following. Spell it out for me please.

Please be more specific.

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

Quote from: bitalchemists on January 20, 2017, 09:53:41 PM

Quote from: Sourgummies on January 20, 2017, 09:48:10 PM

Quote from: bitalchemists on January 20, 2017, 09:41:52 PM

Quote from: Sourgummies on January 20, 2017, 09:39:28 PM

Quote from: bitalchemists on January 20, 2017, 08:26:36 PM

Dear everyone,
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be e full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly. Kiss

Then what's the point. I don't get why you would want the first 8 bytes? What can you do with that?

You can measure how probable it is to crack a Bitcoin address. This is similar to "shares" in pooled mining.

But how does that make money for you or anyone else unless you take the btc in the address.

You serve the Bitcoin community by telling them when they have to switch to a bigger key size. So without RecoveryCoin, BTC holders might be at risk some day.

Still not following. Spell it out for me please.

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: MostlyGhostly on January 20, 2017, 10:02:43 PM

Quote from: Sourgummies on January 20, 2017, 09:48:10 PM

Quote from: bitalchemists on January 20, 2017, 09:41:52 PM

Quote from: Sourgummies on January 20, 2017, 09:39:28 PM

Quote from: bitalchemists on January 20, 2017, 08:26:36 PM

Dear everyone,
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be e full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly. Kiss

Then what's the point. I don't get why you would want the first 8 bytes? What can you do with that?

You can measure how probable it is to crack a Bitcoin address. This is similar to "shares" in pooled mining.

But how does that make money for you or anyone else unless you take the btc in the address.

Big changes are coming and Im prepared fro them. U will invest 300 million dollars in ecdsa attacks and will be rewarded with a small payment coming from a private key retrieved from btc address u control, but don't hope to see more payments coming in because the sending address will be vanished by greedy sharks and brave scavengers.

Rubbish.

MostlyGhostly

full member

Activity: 398

Merit: 109

Quote from: Sourgummies on January 20, 2017, 09:48:10 PM

Quote from: bitalchemists on January 20, 2017, 09:41:52 PM

Quote from: Sourgummies on January 20, 2017, 09:39:28 PM

Quote from: bitalchemists on January 20, 2017, 08:26:36 PM

Dear everyone,
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be e full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly. Kiss

Then what's the point. I don't get why you would want the first 8 bytes? What can you do with that?

You can measure how probable it is to crack a Bitcoin address. This is similar to "shares" in pooled mining.

But how does that make money for you or anyone else unless you take the btc in the address.

Big changes are coming and Im prepared fro them. U will invest 300 million dollars in ecdsa attacks and will be rewarded with a small payment coming from a private key retrieved from btc address u control, but don't hope to see more payments coming in because the sending address will be vanished by greedy sharks and brave scavengers.

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: bitalchemists on January 20, 2017, 08:26:36 PM

Dear everyone,
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be the full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly. Kiss

well thats a bit better, im coming to realize this might be interesting in my head, as i also take part in the LBC, but on paper (and to other people) probably really is a terrible idea :/

i await seeing how this evolves

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: Sourgummies on January 20, 2017, 09:48:10 PM

Quote from: bitalchemists on January 20, 2017, 09:41:52 PM

Quote from: Sourgummies on January 20, 2017, 09:39:28 PM

Quote from: bitalchemists on January 20, 2017, 08:26:36 PM

Dear everyone,
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be e full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly. Kiss

Then what's the point. I don't get why you would want the first 8 bytes? What can you do with that?

You can measure how probable it is to crack a Bitcoin address. This is similar to "shares" in pooled mining.

But how does that make money for you or anyone else unless you take the btc in the address.

You serve the Bitcoin community by telling them when they have to switch to a bigger key size. So without RecoveryCoin, BTC holders might be at risk some day.

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

Quote from: bitalchemists on January 20, 2017, 09:41:52 PM

Quote from: Sourgummies on January 20, 2017, 09:39:28 PM

Quote from: bitalchemists on January 20, 2017, 08:26:36 PM

Dear everyone,
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be e full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly. Kiss

Then what's the point. I don't get why you would want the first 8 bytes? What can you do with that?

You can measure how probable it is to crack a Bitcoin address. This is similar to "shares" in pooled mining.

But how does that make money for you or anyone else unless you take the btc in the address.

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: Sourgummies on January 20, 2017, 09:39:28 PM

Quote from: bitalchemists on January 20, 2017, 08:26:36 PM

Dear everyone,
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be e full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly. Kiss

Then what's the point. I don't get why you would want the first 8 bytes? What can you do with that?

You can measure how probable it is to crack a Bitcoin address. This is similar to "shares" in pooled mining.

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

Quote from: bitalchemists on January 20, 2017, 08:26:36 PM

Dear everyone,
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be e full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly. Kiss

Then what's the point. I don't get why you would want the first 8 bytes? What can you do with that?

Topic: [PRE-ANN] RecoveryCoin - ECDSA-based cryptocurrency with fair mining - page 2. (Read 3052 times)