Bitcoin Forum

Lebix

Website
http://lebix.net/

About
Lebix is the first CryptoNote based cryptocurrency implementing proof-of-stake (pos) instead of the classic proof-of-work (pow) system to generate blocks and protect the blockchain.

That makes Lebix the First Truly Anonymous Proof-of-Stake cyptocurrency. Solutions such as mixing servers [nodes] require complete trust in the system and the people behind the Mixers. Real and complete Blockchain anonymity needs to be decentralized and trustless.

Lebix uses ring signatures to anonymize transactions and make untraceable payments for is the only anonymity system that has proven to be completely decentralized and trustless.

Technical Specificatios
CryptoNote based
Proof-of-Stake
Not mineable
Total Coins: 10,000,000 [10 Million]
Block Time: 1 Minute
Annual Interest: 3%
Maturity: 200 Blocks

Distribution

Lebix is a 100% proof-of-stake (pos) cryptocurrency, which means it cannot be mined and the coins need to be initially distributed.

We have seen how other pos coins struggle and are offten called "scams" because of the lack of fairness in the initial distribution. For example NXT was distributed among 70* investors through and initial public offering (IPO).

We do not want that to happen to Lebix for that reason we have taken the following measures to make a fair distribution:

    No Initial Public Offering (No IPO)
    Free Distribution
    The distribution will be done through our system to detect repeated ips, spam, TOR.
    The distribution will begin in 2 weeks or when we reach 1,500 valid registered users.
    We ask for email verification to discourage spammers.
    We cosider invalid users the ones we detect registering more than 1 account from the same ip and TOR ips
    We will only keep 0.5% (50,000) coins

"Premine"?
Yes, we will keep 50,000 coins (0.5%) that will be used to pay for the development costs. Even though we coded the majority of things to make this coin a reality, we had to pay around $5,000 USD for consulting expenses.
We will sell these coins at a rate of 0.0001 BTC to raise 5 BTC in total. And the 5 BTC will be used to pay for future projects. If these coins are not sold we will keep them to pay for bounties.

FAQ

Distribution? When?
-Distribution begins in 2 weeks (August 11th) or when we reach 1,500 valid registed users.

How can I participate?
-Just create an account in our website. When the distribution begins your will have an option to withdraw the coins to your wallet.

Why 1,500 users or 2 weeks?
We don't want people calling us scammers because the coin was "ninja launched" or because we distributed the coins among a small group of people. We want the distribution to be fair.

Why do we need to register?
We ask you to register so we can detect people making multiple accounts. We will delist multiple accounts created from the same ip or TOR ips.

Why do you ask for email verification?
We do it just to discourage spammers and people trying to create many accounts.

"Other CryptoNote-based coins will be able to copy your code. You should keep the wallet closed source for a while."
No, Lebix will be entirely open source. We believe the entire ecosystem benefits from this kind of development, so we encourage other coins to copy us. The Gibhut repository will contain all the commits to do it.

Where do we register for the free POS giveaway?

play this game ,buy youself  ;D

CN + PoS? Hell, I'm in!

How about a GUI? Is there going to be one? I guess with the premine you'll be holding it'll be enough to provide a nice GUI for the client?


NOTE TO EVERYONE:

Regarding:
If you're going to register in another forum, for God's sake, do not use same ID/PWD as here on BCTalk.

distribute to me

This is a great idea. I'm in!

This seems like a really good one!

E-Mail is not comming to my address. Can I reregister with other one (gmail)?

Free Distribution yeah  ;D

1500 in two weeks will require mass marketing, do you have this in place?

Ooops, luckily it just asked for email and not username.

registration isn't working for me. i keep getting this error: "Your password must be at least 8 characters long and contain an uppercase letter, lowercase letter, and a number" even though i am satisfying those requirements.

this could be a fishing scam.

Oh crap.

What's the point to steal account? Here is no balance etc.
Also I'm always using different long passwords like x364whUtQ1V7C8mHd4XZM with any account.

Try to steal my accounts lol.  ;D

Fix your password validator. I registered, but it was amazing quest.

Hint: guys, your first letter must be Uppercase, then lowercase, then numbers.

brand new dev?

welcome. and fuck u  ;D

Same thing here, but i make up new passwords for everything online, yeah good luck phishing you filthy scammers. Fuck you by the way

Such distribution is not fair, remember "Fair"coin. I can register tons of accounts. Please review your stupid distribution scheme. Sharecoin was a scam, but with good distribution model. And please don't demand signatures, we are using paid signatures.

Wow another one in same day!! How many of these coins have you made newbie!?

You registered?!?! You must be the only one that has lol

Remember Honor coin scam?

Lots of people lost their BCTalk accounts, including 2 friends of mine.

Best post of the day! This shouldn't be so funny, but it sure is.

I support this coin.  How did you manage to get PoS working, given the CN addresses are randomised?

I'm in! Let's see source when you release the coin, could be interesting and it seems to be a great coin!

 
Guys, stop with the unfair Nxt distribution myth. Please stop.
You can't make a coin for the sole purpose of having a fair distribution.
Lebix distribution has nothing fair.
The first who setup a bot will get 95% of coins.

i think you pointed out the main thing...

There is also a problem.
Building a real anon PoS is nearly impossible. Some exist but have huge flaws that make them unusable.

This could be just a fishing scam to get email/username/password of users. Most people use the same data everywhere.

I'd like to think that most people here are wise enough to use a throwaway email/pw for stuff like this...meh, who am I kidding? Probably just myself.

I do not think so.
Password system is absolutely ridiculous (Only one capital, only one number and others limitations).
That uses password ridiculously simple these days?

90% of people use the same very basic password EVERYWHERE. That's why there are so many fishing scam these days. It works.
1 Capital + 1 number is considered an advanced password.

Sounds good!

is 100% a fishing scam, nothing to prevent bot registration

CN + POS? Really interesting stuff.

What is the actual PoS algorithm? How did you merge anonymous CryptoNote with PoS? At the moment I highly doubt that it could be that easy (if possible).

To be honest, it is almost impossible unless the dev is a true genius of crypto.

so it seems a scam  :o

no replies

What's the cryptographic reason that PoS is impossible with anon?

Translated to Portuguese (https://bitcointalk.org/index.php?topic=715673.msg8084075#msg8084075)

 Any bounties? XD (https://bitcointalk.org/index.php?topic=589835.msg6641918#msg6641918)

bounties?  ;D

Passwords giveaway!

I am interested in this " Even though we coded the majority of things to make this coin a reality"...what exactly did you code in the already present CN implementation? I mean you are asking for a consulting fees so I think we should know, isnt?

oh yeah!! mark..hope can be another FAC

Dude hasn't responded for three pages...pretty sure it's a scam.

of course, scam for sure..

Be careful!

it's free,calm down.

same problem here

A PoS network rely on transparency to secure the network.
You must know where are the coins and from where it come.

The only way to have (partial) anonymity with a secure network is the ring signature (with PoW) :
https://cryptonote.org/inside.php




Understand that it is the Proof of Work that make it impossible to cheat the system in cryptonote.

I'm not buying that argument. It may well be true that PoS is incompatible with CN, but it'll take another argument to convince me. After all, there are various "unintuitive" things that are possible with crypto, due to the "easy in one direction, hard in the other" properties. It could be theoretically plausible that one could prove a certain amount of coins is somewhere staking, without actually giving any other information, and that this proof could only be made if the coins are not yet spent. Again, to make things clear, I am not claiming it IS possible to do this, just that it was not (yet ?) proven to be wrong AFAIK.

I think POS might also be possible for an anonymous coin.  Perhaps the miners would be pseudoanonymous, but the rest of the network could be fully anonymous.

Wish the dev would say more about this coin.

Seems to be a scam to capture our passwords with the form.

If you filled it with the same pass as on other places or forums, the best thing you can do is change it.
(Just a recommendation).

Fair warning, but you never know...

I feel bad for having fallen so easily for this scam. Good thing I use a password generator for every new account that I make, so none of my passwords are reused.

They only have my email address, I'll be expecting some spam.

Can the mods just delete the thread?

Dev is not responding anything...

Just 1 comment so IMAO this is another officially dead scam coin.
Please, don't lose your time with it.  ;)

Last call, guys ;)

What happened?? Just one single post from dev and deadline has passed already for launch

:D because he tought: fak they know now i'm a scammer, a dumper, a lozer.
This must come some rules for people who wanne launch a coin, not people who create an account, post an coin, earn shit and go to a other new account with same coin, other name + logo

Come on, guys ;D

I still think there could be something here.  Watching this space.

Also think that where are no reasons to make this tread just to collect user's pwd or emails type-in attempts. It is stupid, as keepass or lastpass exist.
Anybody tried to register at lebix.net within last hours? It should be closed.
 If it is still available, so seems it is very-very strange scam joke ;D

I have asked my friend from Germany (he doesn't know any about crypto) to create an account at lebix.net. It's still available. So it is 99% scam JOKE. ;D

If this is a joke then it somehow reminds me of this

https://www.youtube.com/watch?v=NUHk2RSMCS8

Another joke,why people always so stupid!

What i don't like is that maybe the OP obtained all the people passwords from the form.
(That's why I've registered using a different password from all my other websites, exchanges or accounts.

Hope you and others did the same!

If scammers do this, it works.
Few people must have used their password.
They now lost all their coins + email hacked + facebook hacked
If they don't come back, they probably committed suicide.
I call this "natural selection".