[PRE-ANN] RecoveryCoin - ECDSA-based cryptocurrency with fair mining - page 3.

bitalchemists

newbie

Activity: 14

Merit: 0

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

logictense

hero member

Activity: 2147

Merit: 518

Quote from: MirkoIta on January 20, 2017, 04:38:15 AM

These are my favourite ICOs. Send me money to this bitcoin address and I send you back some shitcoins X1000. Is Lino Marshall the trusted escrow which owns the BTC address?

See the name? Recovery means the dude is looking to recover from loss on a dumb trade and may need money to settle down. Its clearer than ever that he came up with this name after holding a thought about possible recovery from predicament.

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

Quote from: dolores13 on January 20, 2017, 11:10:54 AM

Proof of Robbery POR

proof of attack, rob money from ppls, Instead of that why not use your high programming skills to make new unique coin from scratch with new algo, maybe this coin will be the next zerocash, dash, eth , monero.......
Sad to see some gifted persons waste their skills in nosense things.

I like that! POR!

This dev wants to rob everyone. ICO participants, early miners, early holders. Fuck him.

Anyone who supports this scam on top of a robbery is filth.

HmmMAA

hero member

Activity: 1111

Merit: 588

Recoverycoin hits one of Satoshi's account , he gets furious , dumps all his coins till zero value and everyone's happy . Science fiction scenario , i should write a script about that .

dolores13

sr. member

Activity: 299

Merit: 271

Proof of Robbery POR

proof of attack, rob money from ppls, Instead of that why not use your high programming skills to make new unique coin from scratch with new algo, maybe this coin will be the next zerocash, dash, eth , monero.......
Sad to see some gifted persons waste their skills in nosense things.

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: MirkoIta on January 20, 2017, 04:38:15 AM

These are my favourite ICOs. Send me money to this bitcoin address and I send you back some shitcoins X1000. Is Lino Marshall the trusted escrow which owns the BTC address?

haha, ya for me ill be participating with what i have in hardware, once it hits exchange if it still looks good by then ill be buying in some maybe ;p

theres just a bit too much, "give me money" nowadays, better to own hardware to mine and take your risk there ;p

Quote from: Bitdonator on January 20, 2017, 04:39:16 AM

You are totaly wrong if you think that BTC from first 100,000
blocks are "abandoned"

oo, you have peaked my interest, now im looking deeper into that haha, thx! Cheesy

it stands to reason some of those addresses could be early believers that are in "ultimate HODL-Mode"

YourMom420

sr. member

Activity: 430

Merit: 250

I'm ready to mine

Bitdonator

legendary

Activity: 1223

Merit: 1002

You are totaly wrong if you think that BTC from first 100,000
blocks are "abandoned"

MirkoIta

legendary

Activity: 1667

Merit: 1008

Stoned & Stranged

These are my favourite ICOs. Send me money to this bitcoin address and I send you back some shitcoins X1000. Is Lino Marshall the trusted escrow which owns the BTC address?

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: kamiyama on January 19, 2017, 07:41:58 PM

Is there a mining method other than Amazon EC2 F1?

CPU, GPU, FPGA or ASIC

litecoinricky

jr. member

Activity: 171

Merit: 3

I need a break!

I like the sound of this, cant wait to mine some Grin

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: bitalchemists on January 19, 2017, 07:37:48 PM

Quote from: CjMapope on January 19, 2017, 07:31:06 PM

Quote from: Sourgummies on January 19, 2017, 06:38:38 PM

Quote from: CjMapope on January 19, 2017, 06:37:25 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

ya haha its kinda hard to say WHAT they even need money for ;p

i am down for "Proof of Attack - Earn REC for only attempting to recover Bitcoin addresses" -- but i still dont see why they will need funding to setup a server for people like at vanitypool where stuff can be posted for people to crack at. seems like that could be done out of pocket, maybe add a 1% fee to the "EDSCA Pool".
course on that note, we already have an open non profit at http://lbc.cryptoguru.org:5000/about that is as i understand it basically an "EDSCA Pool" (tho not set up for incentives as this maybe could be)

idk, time will tell ;p

But they want to do more then attempt, they want to clean the address out. Correct?

the LBC collider? ya the funds will be claimed, AFAIK, yes. We only work on the "puzzle transaction" there tho, not a free market or service, like this could be

Quote from: bitalchemists on January 19, 2017, 07:09:49 PM

Quote from: CjMapope on January 19, 2017, 06:37:25 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

ya haha its kinda hard to say WHAT they even need money for ;p

i am down for "Proof of Attack - Earn REC for only attempting to recover Bitcoin addresses" -- but i still dont see why they will need funding to setup a server for people like at vanitypool where stuff can be posted for people to crack at. seems like that could be done out of pocket, maybe add a 1% fee to the "EDSCA Pool".
course on that note, we already have an open non profit at http://lbc.cryptoguru.org:5000/about that is as i understand it basically an "EDSCA Pool" (tho not set up for incentives as this maybe could be)

idk, time will tell ;p

1. We don't need the funds.
2. This pool you've shown is not decentralized, and it is not a cryptocurrency.

ya its not decentralized nor a cryptocurrency, true.

Quote from: Sourgummies on January 19, 2017, 07:04:46 PM

Quote from: bitalchemists on January 19, 2017, 07:02:37 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

Wrong.

So then why?

my guess is they just want some financial comp for their idea and setting it up (what it seems like). Unfortunately most wont pay for an IDEA, but the service they might

Actually we would prefer to have no funds raised, and to start the blockchain in a completely neutral state.

ooo, now THAT i like! Cheesy

truth be told a good service, even just one thats fun for a while that EVERYONE can participate in some way, MAKES money, so there is not always need to raise funds, a good service like this could definitally end up profitable if you manage it right like Nicehash but for bruteforcing BTC addys, and maybe even other algos offered in future?

kamiyama

sr. member

Activity: 742

Merit: 251

Is there a mining method other than Amazon EC2 F1?

ICOcountdown.com

hero member

Activity: 1008

Merit: 500

Great concept, I am looking to add this to http://icocountdown.com

Could the developer team please contact me? Thank you.

Email: [email protected]

rekcahxfb_foundation

sr. member

Activity: 350

Merit: 250

CrowdWiz

wow is it possible? or a scam coin. Brutal force is very hard concept.

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: CjMapope on January 19, 2017, 07:31:06 PM

Quote from: Sourgummies on January 19, 2017, 06:38:38 PM

Quote from: CjMapope on January 19, 2017, 06:37:25 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

ya haha its kinda hard to say WHAT they even need money for ;p

i am down for "Proof of Attack - Earn REC for only attempting to recover Bitcoin addresses" -- but i still dont see why they will need funding to setup a server for people like at vanitypool where stuff can be posted for people to crack at. seems like that could be done out of pocket, maybe add a 1% fee to the "EDSCA Pool".
course on that note, we already have an open non profit at http://lbc.cryptoguru.org:5000/about that is as i understand it basically an "EDSCA Pool" (tho not set up for incentives as this maybe could be)

idk, time will tell ;p

But they want to do more then attempt, they want to clean the address out. Correct?

the LBC collider? ya the funds will be claimed, AFAIK, yes. We only work on the "puzzle transaction" there tho, not a free market or service, like this could be

Quote from: bitalchemists on January 19, 2017, 07:09:49 PM

Quote from: CjMapope on January 19, 2017, 06:37:25 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

ya haha its kinda hard to say WHAT they even need money for ;p

i am down for "Proof of Attack - Earn REC for only attempting to recover Bitcoin addresses" -- but i still dont see why they will need funding to setup a server for people like at vanitypool where stuff can be posted for people to crack at. seems like that could be done out of pocket, maybe add a 1% fee to the "EDSCA Pool".
course on that note, we already have an open non profit at http://lbc.cryptoguru.org:5000/about that is as i understand it basically an "EDSCA Pool" (tho not set up for incentives as this maybe could be)

idk, time will tell ;p

1. We don't need the funds.
2. This pool you've shown is not decentralized, and it is not a cryptocurrency.

ya its not decentralized nor a cryptocurrency, true.

Quote from: Sourgummies on January 19, 2017, 07:04:46 PM

Quote from: bitalchemists on January 19, 2017, 07:02:37 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

Wrong.

So then why?

my guess is they just want some financial comp for their idea and setting it up (what it seems like). Unfortunately most wont pay for an IDEA, but the service they might

Actually we would prefer to have no funds raised, and to start the blockchain in a completely neutral state.

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: Sourgummies on January 19, 2017, 06:38:38 PM

Quote from: CjMapope on January 19, 2017, 06:37:25 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

ya haha its kinda hard to say WHAT they even need money for ;p

i am down for "Proof of Attack - Earn REC for only attempting to recover Bitcoin addresses" -- but i still dont see why they will need funding to setup a server for people like at vanitypool where stuff can be posted for people to crack at. seems like that could be done out of pocket, maybe add a 1% fee to the "EDSCA Pool".
course on that note, we already have an open non profit at http://lbc.cryptoguru.org:5000/about that is as i understand it basically an "EDSCA Pool" (tho not set up for incentives as this maybe could be)

idk, time will tell ;p

But they want to do more then attempt, they want to clean the address out. Correct?

the LBC collider? ya the funds will be claimed, AFAIK, yes. We only work on the "puzzle transaction" there tho, not a free market or service, like this could be

Quote from: bitalchemists on January 19, 2017, 07:09:49 PM

Quote from: CjMapope on January 19, 2017, 06:37:25 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

ya haha its kinda hard to say WHAT they even need money for ;p

i am down for "Proof of Attack - Earn REC for only attempting to recover Bitcoin addresses" -- but i still dont see why they will need funding to setup a server for people like at vanitypool where stuff can be posted for people to crack at. seems like that could be done out of pocket, maybe add a 1% fee to the "EDSCA Pool".
course on that note, we already have an open non profit at http://lbc.cryptoguru.org:5000/about that is as i understand it basically an "EDSCA Pool" (tho not set up for incentives as this maybe could be)

idk, time will tell ;p

1. We don't need the funds.
2. This pool you've shown is not decentralized, and it is not a cryptocurrency.

ya its not decentralized nor a cryptocurrency, true.

Quote from: Sourgummies on January 19, 2017, 07:04:46 PM

Quote from: bitalchemists on January 19, 2017, 07:02:37 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

Wrong.

So then why?

my guess is they just want some financial comp for their idea and setting it up (what it seems like). Unfortunately most wont pay for an IDEA, but the service they might

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

Quote from: Sourgummies on January 19, 2017, 07:04:46 PM

Quote from: bitalchemists on January 19, 2017, 07:02:37 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

Wrong.

So then why?

Still waiting.

bitalchemists

newbie

Activity: 14

Merit: 0

Quote from: CjMapope on January 19, 2017, 06:37:25 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

ya haha its kinda hard to say WHAT they even need money for ;p

i am down for "Proof of Attack - Earn REC for only attempting to recover Bitcoin addresses" -- but i still dont see why they will need funding to setup a server for people like at vanitypool where stuff can be posted for people to crack at. seems like that could be done out of pocket, maybe add a 1% fee to the "EDSCA Pool".
course on that note, we already have an open non profit at http://lbc.cryptoguru.org:5000/about that is as i understand it basically an "EDSCA Pool" (tho not set up for incentives as this maybe could be)

idk, time will tell ;p

1. We don't need the funds.
2. This pool you've shown is not decentralized, and it is not a cryptocurrency.

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

Quote from: bitalchemists on January 19, 2017, 07:02:37 PM

Quote from: Sourgummies on January 19, 2017, 06:29:22 PM

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

Wrong.

So then why?

Topic: [PRE-ANN] RecoveryCoin - ECDSA-based cryptocurrency with fair mining - page 3. (Read 3085 times)