Zerovert - First Truly & Only Anonymous Coin with Zerocoin | Mandatory Upgrade ! - page 25.

rony_90

sr. member

Activity: 280

Merit: 250

Quote from: zerovert on November 05, 2014, 05:05:44 AM

Quote from: illodin on November 05, 2014, 04:59:19 AM

What is actually mined? Are they called ZeroVerts, or are the "zerocoins" ZeroVerts?

And when ZeroVert becomes a sidechain of VertCoin, and you want to use it, you will first convert VertCoins to ZeroVerts, and then to ZeroCoins, and then back to ZeroVerts, and then finally back to VertCoins?

It will be called "Zerovert", but you can "Mint" to change from Zerovert to Zerocoin, and "Spend" to redeem Zerovert from Zerocoin.
In the future, we will implement Sidechain with Vert, but currently we only do merge-mining.

So basically i will be mining vertcoin with merged mining enabled for zerovert?
or there will be whole new coin zerovert. I am mining vertcoin so how is this profitable ?

zerovert

newbie

Activity: 42

Merit: 0

Quote from: AdamWhite on November 05, 2014, 08:44:11 AM

Quote from: cryptohunter on November 05, 2014, 05:35:30 AM

? what happened to the old thread?

put the premine with escrows and have it released gradually to you over time

full ledger for the giveaway

2.5% of the coins being given over to trust is too much these days.

.5% giveaway, we will provide the address that you can track on the Abe explorer.

AdamWhite

hero member

Activity: 605

Merit: 500

Quote from: cryptohunter on November 05, 2014, 05:35:30 AM

? what happened to the old thread?

put the premine with escrows and have it released gradually to you over time

full ledger for the giveaway

2.5% of the coins being given over to trust is too much these days.

Lucky - Luciano

hero member

Activity: 711

Merit: 500

Quote from: dasource on November 05, 2014, 08:03:04 AM

I personally do not see what the big deal is with a premine at 2% .... the devs have to have an incentive to continue development and pay bounties for additional support.
I would rather they had a premine which is public knowledge than this be an ICO or Instamine

That's it. After all, 2% allocated to ZeroVert Foundation for future development and improvements, .5% for free giveaways . This is much better than ICO or instamine.

dasource

hero member

Activity: 821

Merit: 1000

I personally do not see what the big deal is with a premine at 2% .... the devs have to have an incentive to continue development and pay bounties for additional support.
I would rather they had a premine which is public knowledge than this be an ICO or Instamine

zerovert

newbie

Activity: 42

Merit: 0

Quote from: thelonecrouton on November 05, 2014, 07:52:40 AM

From the zerocoin.org FAQ:

Quote

Zerocash extensions can accommodate various choices of balance between accountability and privacy.

For instance, there are promising techniques for preventing money laundering without violating the privacy of legitimate users (e.g., CHL06). Roughly, the idea is to build the cryptographic protocol so that, once the total amount paid between any two users (over any number of payments) exceeds some public threshold, the payments are not private. Zerocash could incorporate such techniques (though the initial prototype does not do so).

More generally, the underlying zk-SNARK cryptographic proof machinery is flexible enough to enforce a wide range of policies. It can, for example, let users prove that they paid the taxes due on all transactions, without revealing those transactions, their amounts, or even the amount of taxes paid. As long as the policy can be specified by efficient “nondeterministic” computation, it can (in principle) be enforced using zk-SNARKs and added to Zerocash. This can help to verify and enforce a wide range of compliance and regulatory policies in manner that is non-invasive to privacy. Morever, once codified, policies will be enforced even in the presence of corrupt employees among the authorities.

http://zerocoin.org/q_and_a

This sounds like blatant centralised control to me. Does this apply to ZeroVert?

We don't implement Zerocash, We are implementing Zerocoin.

thelonecrouton

legendary

Activity: 966

Merit: 1000

From the zerocoin.org FAQ:

Quote

Zerocash extensions can accommodate various choices of balance between accountability and privacy.

For instance, there are promising techniques for preventing money laundering without violating the privacy of legitimate users (e.g., CHL06). Roughly, the idea is to build the cryptographic protocol so that, once the total amount paid between any two users (over any number of payments) exceeds some public threshold, the payments are not private. Zerocash could incorporate such techniques (though the initial prototype does not do so).

More generally, the underlying zk-SNARK cryptographic proof machinery is flexible enough to enforce a wide range of policies. It can, for example, let users prove that they paid the taxes due on all transactions, without revealing those transactions, their amounts, or even the amount of taxes paid. As long as the policy can be specified by efficient “nondeterministic” computation, it can (in principle) be enforced using zk-SNARKs and added to Zerocash. This can help to verify and enforce a wide range of compliance and regulatory policies in manner that is non-invasive to privacy. Morever, once codified, policies will be enforced even in the presence of corrupt employees among the authorities.

http://zerocoin.org/q_and_a

This sounds like blatant centralised control to me. Does this apply to ZeroVert?

zerovert

newbie

Activity: 42

Merit: 0

Quote from: SpainCoinDev on November 05, 2014, 06:35:48 AM

Quote from: zerovert on November 04, 2014, 11:27:21 PM

If you have spend transactions more than mint, which is impossible, we will know that they are double spending occur in the network.

And who watches you?
By the way, what about the other shortcomings of zerocoin?

Everyone can take a look at blockchain.

SpainCoinDev

sr. member

Activity: 364

Merit: 250

SpainCoin.org

Quote from: zerovert on November 04, 2014, 11:27:21 PM

If you have spend transactions more than mint, which is impossible, we will know that they are double spending occur in the network.

And who watches you?
By the way, what about the other shortcomings of zerocoin?

Lucky - Luciano

hero member

Activity: 711

Merit: 500

On which exchanges will be?

jk_14

legendary

Activity: 1292

Merit: 1000

Quote from: zerovert on November 05, 2014, 05:05:44 AM

Quote from: illodin on November 05, 2014, 04:59:19 AM

What is actually mined? Are they called ZeroVerts, or are the "zerocoins" ZeroVerts?

And when ZeroVert becomes a sidechain of VertCoin, and you want to use it, you will first convert VertCoins to ZeroVerts, and then to ZeroCoins, and then back to ZeroVerts, and then finally back to VertCoins?

It will be called "Zerovert", but you can "Mint" to change from Zerovert to Zerocoin, and "Spend" to redeem Zerovert from Zerocoin.
In the future, we will implement Sidechain with Vert, but currently we only do merge-mining.

Hi,

and what about inflation model? Monocle type or why not to test something brand new?

for example: 2x increase of daily reward in case of 4x increase of difficulty Wink

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

? what happened to the old thread?

put the premine with escrows and have it released gradually to you over time

full ledger for the giveaway

2.5% of the coins being given over to trust is too much these days.

zerovert

newbie

Activity: 42

Merit: 0

Quote from: illodin on November 05, 2014, 04:59:19 AM

What is actually mined? Are they called ZeroVerts, or are the "zerocoins" ZeroVerts?

And when ZeroVert becomes a sidechain of VertCoin, and you want to use it, you will first convert VertCoins to ZeroVerts, and then to ZeroCoins, and then back to ZeroVerts, and then finally back to VertCoins?

It will be called "Zerovert", but you can "Mint" to change from Zerovert to Zerocoin, and "Spend" to redeem Zerovert from Zerocoin.
In the future, we will implement Sidechain with Vert, but currently we only do merge-mining.

silencesilence

legendary

Activity: 1120

Merit: 1000

Quote from: Poramin Insom on November 05, 2014, 04:51:16 AM

Quote from: silencesilence on November 05, 2014, 04:35:31 AM

Doubtful it is. If they were a dev they would of made it for lyra2 not scrypt-N ? ? ?

wait for an official statement from the official VERTCOIN developer Poramin Insom

and 2% / 168 000 coin / pre mining ?

Hi silencesilence,

Lyra2 will come out soon, and Zerovert will change the algorithm to follow Vert as well. As you know that, Vertcoin team has made decisions that they don't want to implement Zerocoin at that time[1] because Vert doesn't want to be completely anonymous coin, but still maintain some privacy levels for users by become first coin that implemented Stealth Address. Zerovert will become a sidechain coin of Vert that focus on truly anonymity, which is our main goal.

[1] https://www.cryptocoinsnews.com/vertcoin-developer-paul-bradley-talks-zerocoin-asic-resistance/

Thanks for your answer!

I wish success to the new project!
I'm with you +1

illodin

hero member

Activity: 966

Merit: 1003

What is actually mined? Are they called ZeroVerts, or are the "zerocoins" ZeroVerts?

And when ZeroVert becomes a sidechain of VertCoin, and you want to use it, you will first convert VertCoins to ZeroVerts, and then to ZeroCoins, and then back to ZeroVerts, and then finally back to VertCoins?

Poramin Insom

newbie

Activity: 14

Merit: 0

Quote from: silencesilence on November 05, 2014, 04:35:31 AM

Doubtful it is. If they were a dev they would of made it for lyra2 not scrypt-N ? ? ?

wait for an official statement from the official VERTCOIN developer Poramin Insom

and 2% / 168 000 coin / pre mining ?

Hi silencesilence,

Lyra2 will come out soon, and Zerovert will change the algorithm to follow Vert as well. As you know that, Vertcoin team has made decisions that they don't want to implement Zerocoin at that time[1] because Vert doesn't want to be completely anonymous coin, but still maintain some privacy levels for users by become first coin that implemented Stealth Address. Zerovert will become a sidechain coin of Vert that focus on truly anonymity, which is our main goal.

[1] https://www.cryptocoinsnews.com/vertcoin-developer-paul-bradley-talks-zerocoin-asic-resistance/

ItsNotMe

full member

Activity: 238

Merit: 100

Quote from: ProfX on November 05, 2014, 03:08:16 AM

Quote from: zerovert on November 04, 2014, 11:51:31 PM

Quote from: TrangLee on November 04, 2014, 11:36:23 PM

Quote from: zerovert on November 04, 2014, 11:34:08 PM

We will launch with ZK enabled Tx's.

Congrats on being the worlds 1st coin to do it. I will buy big into this coin. It will be epic if in fact it works as stated!

Thank you, and for helping us against the trolls.

You're going to need a few active members on this forum, the SDC trolls WILL make this their new target. You heard it here first boys and girls

There will be no FUD from SDC if this is real development. Generally SDC investors are some of the most informed in crypto. The SDC guys call out copy/paste, vaporware and fluffware coins...the community should thank them for demanding real innovation in the crypto space.

silencesilence

legendary

Activity: 1120

Merit: 1000

Doubtful it is. If they were a dev they would of made it for lyra2 not scrypt-N ? ? ?

wait for an official statement from the official VERTCOIN developer Poramin Insom

and 2% / 168 000 coin / pre mining ?

LingPingChen

newbie

Activity: 46

Merit: 0

Shadow fud team move in now zerovert? Team hold peepee since conspiracy to destroy blocknet in proof of instant message? Cheesy

I eat popcorn.

volyova

legendary

Activity: 910

Merit: 1000

Quote from: zerovert on November 05, 2014, 02:42:34 AM

Quote from: volyova on November 05, 2014, 02:26:47 AM

Hello Zerovert. How can I get some free give-away coins?! Many thanks, Voly.

Hey Voly. For our first giveaway we're looking to give away free coins to people that share about us on twitter or facebook. Feel free to qualify by clicking the "share on twitter" button here: http://zerovert.org/

Note though: For twitter and facebook, we'll have some heuristics to tell if you're a real person (time account was created, posts, ect)

Cheers

@zerovert, Hey, thanks for your prompt response! Unfortunately, I don't "do" Fakebook, or Twitter. I don't wanna be part of the data heap, man...I prefer privacy and that's why I'm interested in this coin! Lol, the irony...I guess I'll just have to wait and mine some Zerovert with my rigs..ho-hum. Thanks anyway, though, zerovert. I wish you well. V.

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