I tried to browse through this thread but it's just huge so sorry if I missed it if this has been discussed already - has there been (and if so, what kind of) improvements made to the original zerocoin wrt scaling/performance, fixed denominations (no change transactions), or hiding tx amounts?
Check the official wiki |
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I've appealed to this new exchange ColdCryptos from the founders of the Facebook Multicoin Tipping App in their forum about adding Faircoin. If anyone wants to add too or follow the thread. I've already had success in asking them to add Anoncoin. They've accepted to put the coin up for voting on whether to add it or not. The more exchanges the better even if they're new and small exchanges. As it helps to decentralise the trading of Faircoin and adds much needed redundancy to the likes of the current MintPal problem. They've added it for voting on. I think you vote by sending up to sixty different crytpocurrencies until it reaches a value of $120USD then it gets accepted on their exchange and across all their platforms AFAIK - http://community.coldcryptos.com/threads/faircoin.454/ I'll send a dollar if 119 other people will  Right I've sent $1 of crypto to the campagin and now we just need 119 like minded individuals to spare $1 each - http://community.coldcryptos.com/threads/faircoin.454 - if it gets added not only will we just have another exchange to help strengthen redundancy, but you'll also be able to tip fellow Facebook users in approved Facebook groups. WhitePuma will approve any Facebook group that requests for the tipping app as long as it's an open group. So I stashed a bit of BTC at ColdCryptos, however I cannot use it for voting. How does this thing work? Vote by sending as many coins as you want from your WhitePuma.net wallets by clicking on the button below.
I went to WhitePuma.net, but I can't find a wallet anywhere.. I think you just click on the voting link on this page - http://community.coldcryptos.com/threads/faircoin.454/ - that will take you to the UniDash wallet or set one up for you that you can top up and vote with. It should/may link the coins you've already sent there. If you're on Facebook you can ask for help here - https://www.facebook.com/whitepuma.net - just tag @whitepuma.net on your question |
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Here's a comparison to the current logo. This is not my final design. The one on the left looks good and I like how a bit of colour is brought in using the I2p and Tor symbols. |
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Those logo's look good I like the top one most I think it'd look better if it had some kind of robo or techie font instead of a gothic one.
*** Something like this. I like the current logo.. just submitting a couple of ideas. If it's up to me, keep the old logo with headless guy!  A darker font maybe but with bottom edge of the font flush with the top of the bar where they meet. So like the new dark font builds out of the triangle. Not sure how it'd look in a small size though might be hard to read? It may work better with just Anon rather than Anoncoin as you could do the letters bigger. I like the question mark though maybe that alone could be used for something. |
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Those logo's look good I like the top one most I think it'd look better if it had some kind of robo or techie font instead of a gothic one.
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I've appealed to this new exchange ColdCryptos from the founders of the Facebook Multicoin Tipping App in their forum about adding Faircoin. If anyone wants to add too or follow the thread. I've already had success in asking them to add Anoncoin. They've accepted to put the coin up for voting on whether to add it or not. The more exchanges the better even if they're new and small exchanges. As it helps to decentralise the trading of Faircoin and adds much needed redundancy to the likes of the current MintPal problem. They've added it for voting on. I think you vote by sending up to sixty different crytpocurrencies until it reaches a value of $120USD then it gets accepted on their exchange and across all their platforms AFAIK - http://community.coldcryptos.com/threads/faircoin.454/ I'll send a dollar if 119 other people will Right I've sent $1 of crypto to the campagin and now we just need 119 like minded individuals to spare $1 each - http://community.coldcryptos.com/threads/faircoin.454 - if it gets added not only will we just have another exchange to help strengthen redundancy, but you'll also be able to tip fellow Facebook users in approved Facebook groups. WhitePuma will approve any Facebook group that requests for the tipping app as long as it's an open group. |
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this means that currently someone controls nearly all of the hashpower of the network and earns all coins? i mean why should someone invest in this coin when another person earns all the mined coins to dump them when the price is high? as it seems this happend last night at cryptsy. dump from over 300k to 250k. i don't get why this isn't fixed before zerocoin is lunched. otherwise we end up with zerocoin in a few weeks with one person that mined 10 thousand of coins in a few weeks. i think this problem should be fixed as soon as possible.
after all the scams i have seen in crypto world i wouldn't be surprised if the dev owns the mining farm and therefore he has no interest to fix this problem as soon as possible as it would just shrink his earnings.
This current problem is being worked on and has been for at least over a month now. The solution is to implement either a three or five auxPoW chain myriad. Rather than take the risks of doing multiple hardforks the dev team has decided to bag all the changes into one hardfork. Which should be on the testnet for two weeks evaluation by next Wednesday. A hardfork is a very big change for a cryptocurrency and the less made the better. Anoncoin has been mined now for over a year and it started off GPU mining. While hopefully the myriad part of the hardfork will bring back the possibilty of GPU mining. AFAIK it will definitely implement CPU mining in the form of of either Primes or Cryptonight hashing and possibly even both of those hashing algorithms. |
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I've appealed to this new exchange ColdCryptos from the founders of the Facebook Multicoin Tipping App in their forum about adding Faircoin. If anyone wants to add too or follow the thread. I've already had success in asking them to add Anoncoin. They've accepted to put the coin up for voting on whether to add it or not. The more exchanges the better even if they're new and small exchanges. As it helps to decentralise the trading of Faircoin and adds much needed redundancy to the likes of the current MintPal problem. They've added it for voting on. I think you vote by sending up to sixty different crytpocurrencies until it reaches a value of $120USD then it gets accepted on their exchange and across all their platforms AFAIK - http://community.coldcryptos.com/threads/faircoin.454/ I'll send a dollar if 119 other people will |
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MazaCoin is a good pick IMO. You may also want to look at adding Anoncoin the way it's bubbling up. As Anoncoin aim to have Zerocoin on their testnet by next Wednesday. While a trustless implementation of Zerocoin has long been considered the true holy grail of transaction anonymity. FairCoin also looks another very interesting coin to add now that FairCoop are on board. I'd also say NHZ looks quite interesting even though it's just looks like a NXT clone. As all NXT coins were initially distributed amongst just only seventy-two 'founders'. While NHZ aim to improve on this by distributing all the coins via bounties towards development and promotion etcetera. |
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Is true that the more exchanges the better for altcoins, but i think the way Faircoin is going we should focus in Bittrex atm. Centralisation is not good, i agree with that, but for the time being is the best for Faircoin. And yeah, sadly you can only keep coins in any exchange if you can afford to loose them. Getting a major exchange on board like Bittrex would truly be amazing. Also the plus factor of having as many exchanges as possible be them large or small should not be overlooked. We should all be reaching out for as many exchanges as possible. Be them large or small as that's how true decentralization and redundancy works. Even Bittrex and/or MintPal could get hacked or just disappear potentially. So to aim to get several exchanges onboard is for the best. |
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There is clearly an urgent need for an exchange atm, but i am not sure about rushing into this small exchanges, just for security reasons.
With so many new or unknown exchanges out there we expose the risk of a hack or simply the exchange to close down and we will loose a bunch of coins.
Perhaps we should concentrate in Bittrex until Mintpal is back up and running, hoping there is no loss in faircoins @Mintpal.
Also i think we need just one exchange, that will give us better control on the value.
Just an idea.
Agreed that we should take security reasons into consideration. So I really want to recommend to focus on Bittrex (or Cryptsy) for that matter - especially for the funding! I feel that those (together with MintPal when they have put their machinery together again and fix this mess) are the exchanges that should be capable to handle the volume that FairCoin will cause. The more exchanges the better even if they're new and small exchanges. As it helps to decentralise the trading of Faircoin and adds much needed redundancy to the likes of the current MintPal problem.
I too don't see too much harm in small exchanges adding FairCoin to their portfolio. It's a free market and buyers should pay attention where they stash their money (preferably not in an exchange...). Looking at the future, I wonder what the role of exchanges will be. Eventually more and more FairCoin will leave the exchanges. The upcoming Android app is yet another example of that. People who want to get in or out of Faircoin need exchanges. So the more of them the better and you should never ever store your coins on an exchange long term. Apart from ones you plan on immediately trading or don't mind losing. Even on so called big and trusty exchanges. if you don't own your private keys then you don't really own your cryptocoins. |
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I've appealed to this new exchange ColdCryptos from the founders of the Facebook Multicoin Tipping App in their forum about adding Faircoin. If anyone wants to add too or follow the thread. I've already had success in asking them to add Anoncoin. They've accepted to put the coin up for voting on whether to add it or not. The more exchanges the better even if they're new and small exchanges. As it helps to decentralise the trading of Faircoin and adds much needed redundancy to the likes of the current MintPal problem. |
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I've appealed to this new exchange ColdCryptos from the founders of the Facebook Multicoin Tipping App in their forum about adding Faircoin. If anyone wants to add too or follow the thread. I've already had success in asking them to add Anoncoin. |
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You'll probably sell them a lot easier and for a higher price with eBay 'buy it now or best offer feature'. Yes they're eBay and PayPal fees but you'll probably get a higher price than here plus you could offer a discount for someone to settle in BTC.
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Yes as even using a myriad the network difficulty is set from the chain with the highest difficulty. So to pick chains with the biggest and steadiest hashrate to auxPoW with is the best solution.
Just to clarify, each myriad chain has its own difficulty that floats independent of the other chains. ie there would be no one "network difficulty" but 5 different difficulties that are each floating independent of each other. Also I don't think saying that there are 5 chains is accurate per se - there is still only 1 blockchain just five different ways of adding a block to the chain. Yeah but what I meant is the difficulty for finding Anoncoin blocks will be set by the auxPoW chain with the relatively highest difficulty. Which will be applied across all Anoncoin auxPoW chains in effect. So if there's a very high auxPoW scrypt hashrate and a relatively much smaller auxPoW NeoScrypt hashrate then more blocks will be found on the 'bigger' Scrypt chain. Or at least that's as far as I understand Myriadcoin. I'm pretty sure that's not how it works. Lets say we chose to do 5 algo myriad with a network (total) block time of 1 minute. Each algo would find a block on average every 5 minutes, and the difficulty of each algo would adjust independently to maintain this 5 minute block time. In aggregate a block would be found across all algos once every 1 minute. Hope this helps for those trying to wrap their mind around the concept... From http://myriadplatform.org/myriadcoin-mining/The most important concept to understand about Myriad mining is that each of its 5 algorithms will only find about 20% of all the Myriadcoins that will ever be created. In other words, all Myriadcoins get distributed equally among the 5 algorithms just like 5 fives sharing a pie by cutting it into 5 equal pieces. This means that no matter which algorithm you choose to mine Myriadcoins with you are only competing against the other miners using the same algorithm as you.
For example.... In our case substitute 'Myriadcoins' in the above text with zAnc as you read it.... GR ETA: Simcom has it right. & sure would like to see it added to bitcoinwisdom as well. Thanks for that link and quote. |
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Yes as even using a myriad the network difficulty is set from the chain with the highest difficulty. So to pick chains with the biggest and steadiest hashrate to auxPoW with is the best solution.
Just to clarify, each myriad chain has its own difficulty that floats independent of the other chains. ie there would be no one "network difficulty" but 5 different difficulties that are each floating independent of each other. Also I don't think saying that there are 5 chains is accurate per se - there is still only 1 blockchain just five different ways of adding a block to the chain. Yeah but what I meant is the difficulty for finding Anoncoin blocks will be set by the auxPoW chain with the relatively highest difficulty. Which will be applied across all Anoncoin auxPoW chains in effect. So if there's a very high auxPoW scrypt hashrate and a relatively much smaller auxPoW NeoScrypt hashrate then more blocks will be found on the 'bigger' Scrypt chain. Or at least that's as far as I understand Myriadcoin. |
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AuxPOW + Myraid sounds super complicated - has Meeh confirmed that this is what the plan is? I agree that this is definitely a good thing for the coin, as long as Meeh feels confident that it can be implemented without issue. Most important is maybe a switch from kgw to some other retargeting algo (I assume there are retargeting algos that might fix this issue of large difficulty spikes from block to block). Maybe dark gravity well?
I say the same thing as the last time, before we switched to KGW. Ther eis no susch thing that protects from high hashrate spikes and never will be... Alright fair enough - I guess auxPOW is the best solution then. Yes as even using a myriad the network difficulty is set from the chain with the highest difficulty. So to pick chains with the biggest and steadiest hashrate to auxPoW with is the best solution. |
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So it makes sense to set up the auxPoW with bigger chains as they already have lots of miners who'd potentially also mine Anoncoin for free. It makes sense to auxPoW on Scrypt as Anocoin is currently Scrypt plus the Litecoin chain is secure and the network large. So anyone who mines Litecoin and Dogecoin could then also mine Anoncoin for free. Then it makes sense to have a second chain focused on CPU mining. So either Primes or Cryptonight. Then a GPU chain also of which the upcoming NeoScrypt looks like it will be the largest GPU network chain. Although there is also Scrypt-N Vertcoin which is soon to change to Lyra2 algorithm to look at as well. So you could have a Scrypt ASIC chain plus a Cryptonight or Primes CPU chain and a NeoScrypt GPU chain for a three chain myriad. Or for a five chain myriad, Scrypt, Primes, Cryptonight, NeoScrypt and Lyra2 For one Scrypt ASIC chain, plus one or two CPU chains and either one or two GPU chains.
Just a quick correction - Cryptonight is largely GPU mined at the moment (google "Claymore GPU miner"). You can get over 56H/s on four threads of an eight threaded 20W TDP Atom CPU. That's probably as good as any GPU efficiency wise mining Cryptonight. Also there's no opensource or Linux ATI Cryptonight miner. While most large GPU miners use both ATI and Linux. GPU mining Cryptonight doesn't seem any more efficient on GPU than CPU it's probably about the same efficiency wise. Just that you tend to throw a lot more watts into a GPU than CPU. I'd argue that most of Monero's hashrate comes from botnets. |
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What is the meaning of "three of five chain myriad" , please?
Basically our current PoW system has a number of weaknesses as discussed in this thread. Here is an issue about how Dogecoin switched to AuxPow to address some of the problems we are having: http://www.coindesk.com/dogecoin-allow-litecoin-merge-mining/I think he means three or five chain myriad. Look at how Myriadcoin works having not one but many blockchains. Anoncoin is doing something similar except with merged-mine auxPoW chains. Similar to how Dogecoin is now merged-mined with Llitecoin and how Namecoin is merged-mined with Bitcoin. Using a three chain myriad an attacker would need to control two of the three chains to pull a 51% attack or similar control of the coins networks. Using a five chain myriad an attacker would need to control three of the five chains to pull a 51% attack or similar. Also by using multiple chains we avoid a lot other problems that are affecting Anoncoin now. Like multipools jumping on and off the only chain as they would either be two or four other chains hashing away. Depending on whether a three or five chain myriad is implemented. Using auxPoW merged-mine chains we'll poach a lot of miners off these large chains to also merged-mine Anoncoin at no extra costs. This is the explanation I wanted. Thanks a ton ! So it makes sense to set up the auxPoW with bigger chains as they already have lots of miners who'd potentially also mine Anoncoin for free. It makes sense to auxPoW on Scrypt as Anocoin is currently Scrypt plus the Litecoin chain is secure and the network large. So anyone who mines Litecoin and Dogecoin could then also mine Anoncoin for free. Then it makes sense to have a second chain focused on CPU mining. So either Primes or Cryptonight. Then a GPU chain also of which the upcoming NeoScrypt looks like it will be the largest GPU network chain. Although there is also Scrypt-N Vertcoin which is soon to change to Lyra2 algorithm to look at as well. So you could have a Scrypt ASIC chain plus a Cryptonight or Primes CPU chain and a NeoScrypt GPU chain for a three chain myriad. Or for a five chain myriad, Scrypt, Primes, Cryptonight, NeoScrypt and Lyra2 For one Scrypt ASIC chain, plus one or two CPU chains and either one or two GPU chains. Got it ! Only Vertcoin which is soon to change to Lyra2 is the only coin mentioned committed on sticking to GPU mining that's why I mentioned it in preference of Maxcoin Keyack chain. Which could easily have an ASIC designed for if the coin became valuable enough to do so. I also feel that Feathercoin with NeoScrypt would go ASIC if the economics made sense. While Monero the current largest Cryptonight coin seem pretty committed to CPU mining. I'm not too sure on Primecoin's commitment to staying only CPU as I think they'd welcome a Primes hashing ASIC. There is also SHA-256d auxPoW to work to look at but most of the Bitcoin pools only hash BTC and NMC while ignoring the rest of the SHA-256d auxPoW coins. With the exception of GHash.io, mmpool and some P2Pool miners. Who do mine all the SHA256d auxPoW coins that work well atleast. |
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What is the meaning of "three of five chain myriad" , please?
Basically our current PoW system has a number of weaknesses as discussed in this thread. Here is an issue about how Dogecoin switched to AuxPow to address some of the problems we are having: http://www.coindesk.com/dogecoin-allow-litecoin-merge-mining/I think he means three or five chain myriad. Look at how Myriadcoin works having not one but many blockchains. Anoncoin is doing something similar except with merged-mine auxPoW chains. Similar to how Dogecoin is now merged-mined with Llitecoin and how Namecoin is merged-mined with Bitcoin. Using a three chain myriad an attacker would need to control two of the three chains to pull a 51% attack or similar control of the coins networks. Using a five chain myriad an attacker would need to control three of the five chains to pull a 51% attack or similar. Also by using multiple chains we avoid a lot other problems that are affecting Anoncoin now. Like multipools jumping on and off the only chain as they would either be two or four other chains hashing away. Depending on whether a three or five chain myriad is implemented. Using auxPoW merged-mine chains we'll poach a lot of miners off these large chains to also merged-mine Anoncoin at no extra costs. This is the explanation I wanted. Thanks a ton ! So it makes sense to set up the auxPoW with bigger chains as they already have lots of miners who'd potentially also mine Anoncoin for free. It makes sense to auxPoW on Scrypt as Anocoin is currently Scrypt plus the Litecoin chain is secure and the network large. So anyone who mines Litecoin and Dogecoin could then also mine Anoncoin for free. Then it makes sense to have a second chain focused on CPU mining. So either Primes or Cryptonight. Then a GPU chain also of which the upcoming NeoScrypt looks like it will be the largest GPU network chain. Although there is also Scrypt-N Vertcoin which is soon to change to Lyra2 algorithm to look at as well. So you could have a Scrypt ASIC chain plus a Cryptonight or Primes CPU chain and a NeoScrypt GPU chain for a three chain myriad. Or for a five chain myriad, Scrypt, Primes, Cryptonight, NeoScrypt and Lyra2 For one Scrypt ASIC chain, plus one or two CPU chains and either one or two GPU chains. |
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