Topic: rpietila Altcoin Observer - page 9. (Read 387507 times)

What are you guys going to do when someone comes out with Triple Encryption? Then you're fucked.

Yes I tested it and it is 100% anon
the best coin of 2015 with
strong community and honest and hardworking dev team

Please take a look on it:
https://bitcointalksearch.org/topic/ann-nav-nav-coin-community-fund-live-679791
Why Navajocoin?
Because of this:
http://247cryptonews.com/navajo-cryptocurrency-decentralized-anonymity-through-double-encryption/
Please read carefully.
https://bitcointalksearch.org/topic/navajo-cryptocurrency-decentralized-anonymity-through-double-encryption-1001451

This is pretty much the only thing that matters.

Oh yes, if there is functioning privacy, it's nice to have. Or perhaps a wallet. But the former is impossible to ascertain for sure, and the latter is just a bonus (did both BTC and Monero for months without).

https://wiki.anoncoin.net/Zerocash

Cons
1. Whereas Zerocoin can be set up in a trustless manner using RSA UFOs, Zerocash can not. The initial setup of Zerocash will require trusted third parties.
- i am not sure if there was some progress on this

2. The total money supply of Zerocash can not be monitored. If there is a security flaw in Zerocash (either with the initial setup parameters being known or cracked, or with software bugs), this would go undetected, potentially resulting in massive inflation of the money supply.

I also think the blockchain could be smaller than cryptonote. Also the nodes need less bandwidth to operate? could be more decentralized?

I have seen zero update on this project and it was supposed to be released Q4 2014 based on some early "guess-stimates"

The way they release the coins is also important - if it is IPO or something, it might not be very interesting.

Also there are other coins claiming to work on zk-SNARKs (which is what zerocoin basically is from what I understood)

It's a new crypto with some risks and undeveloped infrastructure.

It's a threat to monero and darkcoin but I would be more worried about bitcoin zerocash sidechains or perhaps dark wallet than another (late-comer) altcoin.

Edit: btw, anoncoin dev (very possibly a scammer or some naive kid some scammer hired) tried to implement zerocoin but days before the announcement he claimed he miscalculated and it will take months... lol. i think those people now started with a another pump based on an increased activity in the thread.

Wasn't it the fact that there is a master private key or something that could mint money at will or something? Thus the need for a 'signing ceremony' or something where all the Zerocash is created and then that key destroyed? I actually don't think that's too much of a problem if it's done right.

there is (was) one great inherent flaw in the implementation of zerocash. I think the tech-savvy guys here can explain it properly. I am not even completely sure it is still worked on the project.

Holy shit. I knew there were a lot of good academic minds behind Zerocash, but that list of funders is insane. I wonder what the context of this funding is. Whether these are just general research grants or specific funding for the Zerocash project.

Also, just because the US government funds a project doesn't automatically mean that it's going to be compromised. DARPA specifically is pretty general in terms of what they'll support. They did give us the internet after all.

Yes... But on the other hand from investor's perspective this actually can be a good thing. If gov. is backing something up it might become something, too.
Wether you like it or not, the gov. are surprisingly strong.

From the link


    Amazon.com through an AWS in Education research grant
    Broadcom Foundation and Tel Aviv University Authentication Initiative
    Center for Science of Information (CSoI), an NSF Science and Technology Center, under grant agreement CCF-0939370
    Check Point Institute for Information Security
    U.S. Defense Advanced Research Projects Agency (DARPA) and the Air Force Research Laboratory (AFRL) under contract FA8750-11-2-0211
    European Community's Seventh Framework Programme (FP7/2007-2013) under grant agreement number 240258
    Israeli Centers of Research Excellence I-CORE program (center 4/11)
    Israeli Ministry of Science and Technology
    The Leona M. and Harry B. Helmsley Charitable Trust
    Office of Naval Research under contract N00014-11-1-0470
    Simons Foundation, with a Simons Award for Graduate Students in Theoretical Computer Science
    Skolkovo Foundation under grant agreement dated 10/26/2011

The government involvement in this tells me that there is no damn way that this is anonymous.

Can someone please explain about Zerocash, why it is a potential threath to Monero (currently considered the number one anon. coin by the most people on the forums)? Please, use layman's language...?
At least there are smart people in their team (prophessors). http://zerocash-project.org/about_us

So this is not launched yet?
What type of emission is planned for this?

Since you are read in a lot more than we noobs are, could you perhaps dig for us the botnet CPU mining history of Quora?
Thanks.

edit: Quora? Quarks? Sounds similar ... pure POS and botnet CPU mining now sounds silly if I reconsider. One of these was the coin employed just for that, seen as an additionally orderable module for a botnet. Stuff to avoid.

pp: What do we learn from all of this confusion? (besides geeks beeing silly, that is) Branding matters. Think advertising. You cannot advertise *bleep*coin with some considerable success. More of the opposite happens. Stay away from negative associations.

This is the second main thread, the first was not moderated and it was open to all trolls.

Ok, not reading it is your loss.

I dont feel good with 100% PoS coins especially when the main thread is a self-moderated topic. It just smells too fishy for my likes. So i dont even give some time to read about it. That is totally my subjective comment about it.

Regarding altcoin observation,

everyone should pay attention to Qora in my opinion.

There are plenty reasons for this, I'm just gonna mention some that come instantly on my mind:

1) Qora is now fully open source. You can find it on https://github.com/Qoracoin/  This brings an end to all rumors that it is a clone.

2) It has a ton of features and more are being constantly implemented. The new wallet release that is being built now, will have AT functionality inside the core, built by the CIYAM team. On top of the AT platform, many useful scenarios will take place like ACCT (Atomic Cross Chain Transfer) - the first worldwide complete decentralized exchange. It will be among Burst and Qora. That is huge for the whole crypto world! Smart contracts can also be built on top of AT platform and we all know what this means..  Relevant info on these here:

AT can be used to anonymize inter-blockchain transfers (who would have thought?) -> https://bitcointalksearch.org/topic/at-can-be-used-to-anonymize-inter-blockchain-transfers-who-would-have-thought-893271
Why blockchains might want to consider using AT "Turing complete" txs                 -> https://bitcointalksearch.org/topic/why-blockchains-might-want-to-consider-using-at-turing-complete-txs-822100
20 BTC bounty for first AT *atomic cross-chain transfer* with Script clone              -> https://bitcointalksearch.org/topic/20-btc-bounty-for-first-at-atomic-cross-chain-transfer-with-script-clone-826263
CIYAM AT                                                                                                     -> http://ciyam.org/at/

3) A team of developers has been formed and is being expanded. You can watch the relevant thread for updates https://bitcointalksearch.org/topic/qora-100-pos-assets-names-voting-open-source-881230 and also pay a visit in the slack channel https://qoracommunity.slack.com, where most of the communication takes place.

Ok you right about that Wpalczynski! Sorry for that. Will keep the thread clean.

Please don't spam this thread with Magi pumping.  However, the guys over at the DRK thread really like hearing about new coins with latest technology, let them know about it.

https://bitcointalk.org/index.php?topic=421615.89720

Or do you mean Magi XMG? (Coin of the Magi)
Magi launched own standalone payment short time ago.

like shapshift and xmr.to?

Something that allows people to spend any crypto anywhere that accepts crypto as payment?