Topic: [PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency - page 66. (Read 42225 times)

and the trolls arrive! ready to attempt to ruin another project! get out of here   there's the scam-callers in every thread, my favourite current one is the scam-callers in the Raiblocks thread; Raiblocks is the most unscammiest coin out, yet we still have the trolls.

My suggestion: set the trolls to ignore in there profile.

and the trolls arrive! ready to attempt to ruin another project! get out of here   there's the scam-callers in every thread, my favourite current one is the scam-callers in the Raiblocks thread; Raiblocks is the most unscammiest coin out, yet we still have the trolls.

My suggestion: set the trolls to ignore in there profile.

and the trolls arrive! ready to attempt to ruin another project! get out of here   there's the scam-callers in every thread, my favourite current one is the scam-callers in the Raiblocks thread; Raiblocks is the most unscammiest coin out, yet we still have the trolls.

My suggestion: set the trolls to ignore in there profile.

and the trolls arrive! ready to attempt to ruin another project! get out of here  there's the scam-callers in every thread, my favourite current one is the scam-callers in the Raiblocks thread; Raiblocks is the most unscammiest coin out, yet we still have the trolls.

My suggestion: set the trolls to ignore in there profile.

People.

This is a scam.

There's a well known scammer who goes by the name of David Wilkinson who usually does this.

He will jump on the latest hype train and then always say he will implement privacy features into a clone of a successful coin.

He also asks for "donations"

One of his most well known scams was Zion.

Another one was Mentrio.

https://bitcointalksearch.org/topic/zion-scam-confirmed-1609701

https://bitcointalksearch.org/topic/please-delete-1508574

There are also countless others if you've been on bitcointalk long enough.

Just be wary.

If this is actually legit, then I'm happy to be proven wrong but be aware of this fact.

Don't let greed get the better of you.

PS: There will also never be any code. He will just copy ideas from other successful projects and pass them off as if he will be working on it. But you will never see any real implementation of his "code".

Sounds good to me.  Ouroboros research shows how crucial an honest staking community is to keeping the system functional.

My idea is to piggyback on existing patterns of well-distributed coins.  So Stone enjoys as long and fat a tail of initial stake hodlers as reasonably feasible.

20% Donators
20% XRB hodlers
20% BTC hodlers
20% LTC hodlers
20% DCR holders (well-executed airdrop, "8,793 entrants. 3,244 successful participants" https://forum.decred.org/threads/airdrop-rundown.313/ plus years of very cheap coins)

I usually just lurked, then when I tried to log in for the first time in years (must have been back in 2013) I guess my account was locked...so that's why I'm a newcomer despite being an..."old comer?" Anyway I remember feather coin and aurora coin and all those random alts lol. Funny how some survive and some don't.

Anyway, I was really impressed with raiblocks but my main concern was security. I'm glad this looks to be more privacy oriented than raiblocks however I'd strongly advocate for expanding the team somewhat. If I'm not mistaken you've received >50k+ in donations (and counting). Congratulations. This, if used properly, can speed development as well as increase your personal gain from this venture.

As far as distribution goes, airdrops are a horrible way to go. They manage to simultaneously raise 0 money for the actual project in question, and yet favor whales over people that actually grow the overall value of the coin by getting the word out. Whales aren't bad people or anything, but if you want marketshare you want more people with a vested interest in your coin, not 10 dudes with 50% of the coins.

A far better solution is to pre-sell coins. What about whales you say? Well, make a cap, and only sell to people that commented on this thread before a certain timeframe. Ex. max donation is 500 bucks (or half an ether or whatever), and you must have a bitcoin talk account associated with the donation or you get nothing.

Again, seriously consider expanding the team. The good news is you have a ton of interest because of the underlying tech + strong demand. The bad news is that you have a limited window of opportunity to capitalize on that hype.

Best of luck,
A long time lurker.

Watching this, OP said he could finish it in 2 months. RaiBlocks colin worked on the project on his own with no major exchanges look now. This is very promising, will be watching this.

would anyone like to suggest a fair method of distribution? I'm not interested in large holders gaining most of the supply, i don't approve of these pump schemes. I've been pondering around a multi-method distribution, similar to a bitcoin airdrop, but with using multi currency snapshot 70% to XRB/BTC, and with the remaining 30% to donators. This is just a thought, please don't be afraid to suggest idea's.

Hey Felix, I donated to you because I like what you are doing. Good luck on this.

But please consider trying very hard to make the entire system private. I know that you are thinking of doing off chain transactions as the zk portion, but I personally think if there's another method to implement full private transactions by default, this currency can give monero true competition. If not, it is not as interesting for real world usage.

Do you need any help? I am interested what you think the most difficult portion of the project is. My guess is probably trying to do a zk proof while keeping the RaiBlocks representative system in tact?

Also, distribution is fine, we can discuss.

But have you decided anything on how much you will keep for yourself or future development fund?

Look forward seeing the finished product. No ICO right?