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181  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 24, 2014, 06:30:12 PM
I/O Coin Mandatory wallet update to POS I/O V.3 Please download and install new wallet Now!

Please backup your wallet Files and Uninstall older wallet client before upgrading


182  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 24, 2014, 12:07:52 AM
When are the new releases coming? Im thinking to invest in this coin. Can somebody tell me shortly some more about the future etc. thanks

We are working to get our html5 wallet before Block 100k. Updated road map will release with it.

Thanks
183  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 23, 2014, 10:18:48 AM
POS I/O V.3
Announcement


We are transitioning to POS I/O Protocol V.3. Wallets may be disabled in exchanges while they re-synch blockchain.  
We will push an alert to all the wallets when its time to download new wallets. Make sure to backup your wallet file
and make 2 backups for extra safety.

Stay tune to our wallet alert
184  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 22, 2014, 08:53:06 AM
For all our friends from Indonesia, there is now a Indonesian translation for this announcement.

https://bitcointalk.org/index.php?topic=791993.0

I am sure it will be a very active forum with lots of great people.

Thank you to Bagus-io for creating the translation.
185  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 20, 2014, 11:44:23 PM
Official Announcement

We are releasing POS I/O with Protocol V.3 and our HTML5 Wallet This Week.

There will be a surprise with it.

Stay tuned
186  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 20, 2014, 04:06:33 AM

I/O Coin

The New POS I/O Protocol V 3.0

Introduction
whitepaper

Abstract

Make time required for generation of new blocks dependent on the number of transactions. Implement deflation mechanism to mitigate market volume volatility.

Motivation

Several problems that are observed in I/Ocoin and other digital currencies (including Bitcoin) could be solved, by using awaited transactions dependent on block time:

1. Abruptly decreasing mint-rates.
2. Occasional block time lag.
3. inflationary money supply that is independent of market demand.
4. Impossibility of early taking money from the minting deposit.

Specification

1. Difficulty target of minting block depends on transactions fee for this block exponentially with a minimal limit.
2. Transactions fee eliminated from rewards.
3. New type of blocks starts at block height 100 000.

Backward compatibility

Older clients need mandatory update.

Discussions

The mechanism of mitigating the difficulty barrier has both pros and cons. The primary advantage is the ability of the network to speed up desirable transactions. The primary disadvantage is the dangers of double spend attacks. Another possible attack is an attempt of a selfish node attempting to gain an unfair advantage in minting. The here proposed mechanism retains all the advantages and eliminates the disadvantages. In this system users can speed up their transactions not only by increasing the fee by promotion in order, but also by decreasing block time. A double spend attack in this system becomes too expensive. In addition an attempt to get unfair advantage becomes also increasingly expensive. This is an advantage: now any node can speed up PoS-minting by destruction fee (and loss of profit) in a private (not sent to network, until stacked into the block) transaction. Currently PoS-coins are inflationary. The proposed improvement allows a market-based mechanism of volume control.

In this new system we have two concurrent processes: inflation of coin volume by minting and deflation of coin volume by destruction of fees. When the volume becomes insufficient to ensure the demands on the market, each coin and accordingly each transaction fee become more expensive. Transactions rates and eventually coin destruction rates decrease, and full volume increases. In the opposite circumstance transaction rates and eventually coin destruction rates increase and full volume deflates further.

Proposed Implementation

Block height 100k

POS I/O Code Vetting by

Rat4 (BlackCoin Lead Dev, Creator of POS 2.0)

187  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 19, 2014, 09:29:20 PM
Special Announcement

September 19th

The New

I/O Coin POS I/O

WhitePaper

http://www.docdroid.net/hvjr/io-coin-pos-io.pdf.html


ps. POS I/O was vetted by Rat4 so we want to thank Rat4 from [BlackCoin] for his thorough review of the code.
188  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 18, 2014, 01:56:21 PM
Just a quick update about the #Facebook #iocoin competition.

What you will need to do.

1- Make sure you have the latest I/Ocoin wallet. Download from here: http://iocoin.io/

When you download your wallet. Please open it every day. This makes sure your wallet is up to date, fully synchronized wallets receive coins much faster!

2- Create your own unique user name #ions so people can easily send you payments. Video guide here:
https://www.youtube.com/watch?v=v7DFJV1nxI8  (note you will need 200 i/ocoins to pay for registering your name.

Once you have registered your name and liked us on facebook. Post your name here  (example: iofund-io)
and we will send you 200 coins to cover the costs.  (limited offer so act now)

That's all.   Very easy.   The winner from Facebook will have the prize sent to their username!

Many thanks from all the team.
189  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 17, 2014, 06:15:30 PM
Big News! September 17th

POS 3 WhitePaper will be released on Friday. We Will be the only Pos coin with POS 3. Implementation to come with HTML5 Wallet.
190  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 17, 2014, 11:58:15 AM
News Update September 17th

We are happy to announce that we've made it to the final short list on Mintpal V2 and they will be adding us this Sunday September 21st

191  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 14, 2014, 09:52:36 AM
Hello Fellow I/O Coin supporters,

Just want to remind you all of a few little things to do, that will really help this coin each day.

1 - If you have not done so already, please move all your I/O Coins from the exchanges and into your wallet!  
2 - Once you have all your coins in your wallet, make sure to stake your wallet every day,
     this help secure the network and also gives you a few extra coins each day.

Plus, if you have not done so already, please make sure to create your IONS name!

Also, we need to build our community following, also very important to help our coin grow!

Just one good mention a day on the following, this will help spread the good word and hard work being done by the IO Coin Dev team.

3- Official IO_Coin twitter page: https://twitter.com/IO_Coin
(we have 503 followers, when we reach 1,000 one of our followers will receive 1,000 IOcoins!)

4- Facebook - https://www.facebook.com/iocoindigitalcurrency New Address due to Facebook error.
Every month we will give one of our followers (people who liked us) 2,000 I/Ocoins!
We want to reach 100 likes soon, currently only at 21! So spread the word please.

By using social media, such as twitter and facebook this coin will be able to grow at a much faster rate.

Also please make sure to make people aware of our website, where you can download the official wallets.

http://iocoin.io/

Current Projects in Development

1- HTML5 Wallet - 85% Complete

2- POS 3.0 - 90% Complete

3- Mobile IOS Wallet - 100% Complete (Has been Submitted to Apple for the 2nd time (We tweaked it to meet apple's standards)

4- Full Rebrand (Logo, Website, Ann Page, Special Edition Wallet Skin)

5- We have top secret projects to announce once our current tasks are completed



Completed Projects

1- POS 2.0 - The current Proof of Stake protocol has several potential security issues: coin age can be abused by malicious
nodes to gain significant network weight to perform a successful double spend. Additionally, due to coin age, honest nodes can
abuse the system by staking only on a periodical basis. This does not secure the network. Lastly: in the current system all components of a stake of proof are predictable enough to allow pre-computation of future proof-of-stakes.

2- IONS - You can now Register for Usernames. We have made it possible for people to send coins via usernames. You can register in your wallets for a fee of 200 I/O Coins. All fees collected will are being held for charitable donations. As of today we have collected around 14k IO Coins. We will be holding a Poll as to what organization the community thinks we should donate the funds to or even if we want to host our own drive.

3- Android Mobile Wallet - Available Now! You can download our Mobile Wallet at the Google Play store and even register your username in the wallet. https://play.google.com/store/apps/details?id=org.coinlabs.iocoin&hl=en

4- Twitter Tip Bot - Tip anyone withing the twitter world http://iocoin.coinlabs.org/twitter/


Thank you to all our supporters and to all future supporters.
192  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 13, 2014, 02:39:02 AM
NEWS & DEV WALLET UPDATE

IO COIN HTML5 Wallet New ScreenShot Sept 12 2014 with Updated Address Book.
193  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 13, 2014, 12:57:08 AM
From the beginning we recognised that we were going in for the long haul. We also knew that for our digital currency to be lawful we had to purge anon. We are a serious team of devs with a long term strategy. Many may think we are some kind of scam coin but we have been working and communicating almost daily. We are happy with the direction that we have chosen and appreciate all of u who have invested in our currency. We will continue to deliver and always be on the side of the law. We know that major crypto currency exchanges will open in wall street in due time and we will pass with flying colors. We consider anon to be a scam and or unlawful

Below find an Excerpt from  Erik Barnett, HSI, U.S. Department of Homeland Security

Virtual currencies may offer decreased transaction costs and elimination of fees associated with normal bank accounts, practical benefits for most businesses and consumers.  But law enforcement also recognizes that virtual currencies must play by the same rules that create trust in financial institutions.  Because, ultimately to succeed, they will need to be seen by consumers and businesses as reliable and not as the backbone of an underground criminal economy.  

To accomplish this, virtual currencies need to engage in self-policing through industry-proven anti-money laundering controls.  They also need to eliminate anonymous transactions and should be regulated universally with harmonized rules.

Let me break these down briefly.  

Anti-Money Laundering Controls

Self-policing against money laundering is a hallmark of the financial industry worldwide.  Establishing appropriate anti-money laundering controls results in banking systems not plagued by criminal activity or terrorist financing.  

But the track record on self-policing of crypto-currencies is poor. Between 2009 and 2013, only 70 suspicious transactions within crypto-currency systems were reported to U.S. regulators.  Remember, in the same time period, all of the transactions of Silk Road used a crypto-currency.  Now, admittedly, utilization of anti-money laundering controls is not voluntary for certain industries.  In a case investigated by my agency last year, HSBC forfeited $1.25 billion dollars to the United States for failing to exercise due diligence and have in place appropriate anti-money laundering controls.  

But the standard anti-money laundering controls are not going to be burdensome for virtual currencies, at least not now.  A recent study found that since 2012, 40% of bitcoin transactions were for less than an entire coin and 20% were for a tenth of a bitcoin.  Even at today’s bitcoin value, most suspicious activity reports, and certainly cash transaction reports, would apply to far larger transactions.  

However, if the industry grows, as is anticipated, introducing these measures now will ensure proportionate efforts are in place later, when there may be significant, and potentially suspicious, transactions on a frequent basis.  

The good news here is that Mt. Gox and some other recent enforcement activities seem to have stimulated dialogue within the crypto-currency community that adoption of these measures may well be necessary.  Not to preclude government regulation, but as a means to establish greater public trust in the business model.  

Anonymity

Let me talk about the importance of purging anonymity from virtual currencies.  

There has already been a determination by our society that some level of transparency is appropriate in financial transactions to prevent misuse by criminals and terrorist organizations.  It is now common-place that you cannot spend more than $10,000 in cash, at a U.S. business for instance and in many other countries, and not have a report filed with the federal government.  

You cannot cross most borders without declaring currency of amounts similar to this.  Banks are regularly looking for suspicious activity as part of their obligations and making reports to law enforcement.

Now, let’s compare that to some crypto-currencies that have near complete anonymity during internal transactions within the system. Anonymity is not only built into the business model, but in some cases bragged about or sold as a feature.  

A disturbing trend already observed within crypto-currencies is what I call an “auto-launder” service, which takes funds and washes them, giving back something not linked to the person or the chain of transactions at all.  

Now, people can argue these virtual currencies are not truly anonymous because the transaction itself is visible to all users.

And further, they may argue that when the currency is removed from the system and exchanged into fiat currency, there may be an identity associated with that transaction.  

The first argument fails because knowing of a transaction, but not who conducted it, is not transparency.  

As to learning an identity when exchanged for value outside of the virtual currency system, we already know that some exchangers do not implement proper anti-money laundering controls or even register with regulators, who would evaluate these for reasonableness.

But even if the exchanges have the right controls in place, all law enforcement will see is the end of the chain, not the links in the middle or even the beginning.  The oft-used phrase by police to “Follow the Money,” will be a hollow call.

Without seeming alarmist, the stakes are high if we get this wrong.  If we’re not able to follow the money, criminal organizations will easily risk the loss of one conspirator and a certain sum of money to profit overall from a system that conceals their trail.  Public safety will be jeopardized, for very little benefit.

Certainly eliminating the anonymity in virtual currencies is an appropriate balance to that concern.

Regulation

As to regulation, the financial industry is already highly regulated.  FinCEN has recently made clear that virtual currencies fall under current regulations.  So, no one is proposing special regulations for the internet that do not apply to brick and mortar banking facilities.  
Now, innovators and entrepreneurs may recoil at the word regulation.  

But, importantly, we’re not talking about new social networks or even business to consumer innovations.  We’re watching fledgling companies engaging in significant financial transactions through a technology we have already seen exploited by criminals.

And with possibly large stakes.  On November 22, 2013, $147 million worth of bitcoins was transferred, without being cashed out for fiat currency.  This transaction, of only 1.6% of the bitcoins in existence, might have been an inter-company transfer by a bitcoin exchange as a housekeeping measure.  But the exchange reportedly refused comment, leaving commentators to claim that the largest ever bitcoin transfer was, as are all Bitcoin transactions, anonymous.  

And the cumulative value of bitcoins as of April 1 is around 4.36  billion euros or 6 billion dollars, quite a lure for organized crime.  

Let’s get away from Bitcoin and talk about Litecoin for a moment.  

Seemingly quiet in the shadow of its more well-known competitor, there were 11,593 separate Litecoin transactions last Wednesday.  Litecoin had a value yesterday of 9.75 euros, making the existing litecoins worth 263 million euros or 364 million dollars.

We have historically regulated financial industries to protect them from criminal misuse but also to protect the financial institutions from becoming victims of crime themselves.

To be clear, the regulations must be universal, or nearly so.  They should be harmonized with other countries so virtual currencies are not faced with contradictory guidelines that can harm international business development.  This would avoid gaps in regulatory oversight and ensure that law enforcement has reciprocal money laundering laws internationally when we pursue criminals across borders.

Now, I want to be very clear, I am discussing law enforcement type regulation.  I am not weighing in on whether crypto-currencies are even a “currency” by governmental standards, or  are subject to tax or whether they are legal or illegal or should be in any particular jurisdiction.   Those decisions are for other authorities and regulatory bodies.

I am also not opining at all whether crypto-currencies are practical or secure.  This seems to be a very legitimate question based upon findings by researchers and open source material. But the public will eventually determine the value of this payment system.  My point obviously is that trust and reliability will factor into the decision that is ultimately made.  

Conclusions

The French poet and philosopher Paul Valery wrote, and I am paraphrasing, “the future is no longer what it used to be.”  

Unfortunately, this is not true with the criminal’s exploitation of new technology.  Too often, we see how quickly something innovative is manipulated for illicit purposes and the future usually is what it used to be with criminal organizations.  

But that does not mean it has to be that way.  We have a unique opportunity to get ahead of this, to see, based upon the past year or two, what the next five years will likely look like if we do not make some changes in how we look at this new technology to eliminate the criminal exploitation that will undoubtedly occur.

And as importantly, with an appropriate level of private and public cooperation, we can see a robust industry in virtual currencies with a strong reputation as appropriate intermediaries of online commerce.

I am happy to answer questions or just field comments.  Thank you.



http://useu.usmission.gov/cryptocurrency.html
194  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 10, 2014, 04:56:41 PM
NEWS
September 10th

We are working on some big promotion with the urban music markets. We will be doing product placement on a music video to be shot in October 2014. We are hoping to attract the latino music markets, which by the way on youtube alone it accounts for millions of views for urban latin artist for the Likes of Daddy Yankee, Don Omar, Pitbull etc more news to come.

For now watch Latin signed to Money Making Music and BoschMusic. More Important info to come


195  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 10, 2014, 03:27:25 AM
Hello Folks we want to report that up until today we have gathered 14,300.999 I/O Coin in IONS Fees. These fees will go to charitable organizations, we will be holding a poll as to what organizations our community would like to donate too.  We will put a poll on our ann page to see what organizations we will send our donation too and the amount.  Thanks
196  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 09, 2014, 04:29:49 AM
HTML5 WEB WALLET ??

Will install on PC & Mac

 Grin

Remember guys this is just the beginning, this wallet will be fully customisable by any html5 dev. Api's can be added to it and we will be having a contest. We will be giving out 5K Coins to the best theme created by a community member, so stay tuned.  

Update on POS V.3

We created POS-blocks on testnet and activated posv3 period. Everything went well with our first test

 Grin Grin
197  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 09, 2014, 03:48:11 AM
NEWS HTML5 BETA WALLET Update!
September 8th


198  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 08, 2014, 12:58:24 AM
NEWS UPDATE Sept 7th 2014
A sneak preview of our commits to our private github, HTML5 Wallet soon from the I/O Coin Dream Team

199  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 05, 2014, 09:38:25 PM
News

September 5th
We are planning on releasing a video of our working HTMl5 wallet on Monday.
200  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [IOC] [I/O Coin] Bittrex,Cryptsy,C-Cex - I/O Name Server - Wallet Rebuild on: September 04, 2014, 04:31:06 PM
Special Announcement

September 4th
We have commenced work on POS 3.0 Over the next weeks we will be conducting testing, we will update ann with nice roadmap
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