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No technical information? You have the whole github infront of you. I meant to write provide, dunno why I wrote prove o.O For the rest of the info, I'm pretty sure you'll get a satisfactory answer from TheTorcoin when he gets online  @btvGainer It's not loading for me either, but I see the link says Carsen so it might have been taken down, since he's our old dev Thanks.I hope torcoin get listed to bittrex.I will do my bit by tweeting but we need all supporters to do it so a new tweet to retewwt might help. another market-guy; maybe tell all of us. what is the relation of this coin with Tor project?;] with onion routing? come one you must have some logical explanation  what does " TorCoin rewards people for running a TOR node" mean? maybe I'm completely wrong and you do not even aim to reward for data exchange;P MAYBE I've misjudged you:P MAYBE all you do is route transactions trhough a Tor network and that's it;] MAYBE. that's why I've asked. |
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He's a newbie account created for the sole purpose of FUDing Torcoin
I'm just wondering who has interest in this?
oh see my degree in the field of crypto and security is worth much more than the status on this forum.
who benefits? oh well. I'll tell you:D me and my team have been developing a similar project for the past 2 years.
and we are laughing at this peace of crap. now you know why? we want everyone to know it is crap, because it is:)
And it just makes me angry to see that someone took source code of an onion router mixed it with another altcoin and markets it as aidining anonymous data exchange. markets it as something having to do anything with a Tor project by including 'Tor' in the name of an altcoin. wtf?
I've asked simple questions no-one is able to answer. none of you marketing-guys have anything technical to say? oh well.
so I will repeat once again. who in this SCAM-scheme is being rewarded? and for what?
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It is not my fault that the name of your scam is the same as an old attempt:P still no luck to describe how this peace of junk operates?  we already know it is a mix of two projects with no relation to the Tor project. what else. enlighten me I can see you've mixed source code a Tor-relay node with another open-source cryptocurrency. It is clear that your relay-node has nothing todo with the rest of Tor network. It is clear that you will not be able to reward in any way official Tor relay nodes. My question a constructive one is..........who is rewarded with cryptocurrency and for what. |
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Does anyone know precisely how you might claim the rewards for running a TOR node? And I mean the browser, of course. I see it being mentioned in the ANN and several queries relating to it, but how might one specifically claim this reward?
The Tor relay-node is not a browser. These guys here mixed source of a TOR-relay-node with a coin. Why should you get rewards for using a browser in the first place? when you run a browser your reward is the ability to surf the web through relay nodes. |
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The project is interesting  This project is not only interesting but also well managed and seems like it will be a good one for investment. The Name Tor itself has a history as we all are well aware of a TOR browser I see good prospects here in this coin. sure; it is a pitty Tor project has nothing to do with this coin don't you think? oh wait. If you see IBMCoin you gonna buy right? lucky me you do not invest my money:P guys? time to jump:P water is still not so cold:P thank me later and you judge how well it is managed by a source code (a mix of two known projects) someone uploaded a month ago. GIVE HIM A BEER:P I see you've got an advert of TorCoin in your footer. oh well:P oh well. I'm with you all my heart.honestly. It is obvious the main programmer jumped ship as soon as he could:P that is exactly what you get when you hire someone to do something for you and hoping to sell it using 'Tor' sign. before you fire up-your scam-engines fix-up the sign it is 'Tor' not 'TOR' |
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I am awating a response on what is the relation of this coin with Tor network:P I was unable to find any whitepaper, and the couple of users around here saying it is attractive is at least strange while taking into account that there is no technical information dont you think? No technical information? You have the whole github infront of you. I meant to write provide, dunno why I wrote prove o.O For the rest of the info, I'm pretty sure you'll get a satisfactory answer from TheTorcoin when he gets online hehe yeah I thought so it was supposed to be 'provide'. I have no time to look through the implementation, I'm too busy implementing stuff of my own. Op has written this coin is to reward Tor node operators, there is no info on how Tor node operators are rewarded and for what; Update:haha.. now I see that the source code includes source of an onion router; is that a joke? LOL? Those guys literally took source of an onion router mixed with a source of other cryptocurrency and now what. Tor network operators are rewarded? WoW. so now only those are rewarded who use your onion router right? and exactly for what are they rewarded? for time period, for packets, or maybe for just being?;] what a scam;P and there is no documentation, no white-paper. and I pitty those of you who say it is a good coin while you even can not answer simple questions related to the very basics of the coin's operation principles. were you paid or something? boys and girls? time to sell. |
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I am awating a response on what is the relation of this coin with Tor network:P I was unable to find any whitepaper, and the couple of users around here saying it is attractive is at least strange while taking into account that there is no technical information dont you think? |
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amazing, today torcoin price incraese to 80k satoshi in c-cex
The price will soon be 100k satoshi plus ! hopefully. since i saw the signature thread i tried to search a bit about torcoin and its a good coin, probably this coin will be noticed and that 100k sats price will be easy to reach or maybe 200k or 300k in the near future how can you know if it is a good coin, if the very nature of its existance=> rewarding Tor network nodes remains unclear? Let me make this clear. The very purpose of existance of this coin is supposed to be rewarding Tor nodes. HOW? for what? where is the whitepaper? How does the mechanism look like? based on what? What are you talking about The purpose of the coin is to prove fast transcations and anonymity, which it does very well. Tor nodes are "rewarded" with users I'll tell you what I'm talking about. What you said does not make sense " prove fast transcations and anonymity". Now. In the first post OP wrote: " TorCoin rewards people for running a TOR node". I guess it should be spelled Tor if he or she refers to the Tor project (onion routing), this coin seems to reassemble their logo so I think I might be right. What does this 'coin', this project, have to do with Tor node operators. Be precise please. And why would a Tor node WANT to have more users? Every new user brings a burden to a Tor relay node. do you have any knowledge on how Tor network operates? |
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amazing, today torcoin price incraese to 80k satoshi in c-cex
The price will soon be 100k satoshi plus ! hopefully. since i saw the signature thread i tried to search a bit about torcoin and its a good coin, probably this coin will be noticed and that 100k sats price will be easy to reach or maybe 200k or 300k in the near future how can you know if it is a good coin, if the very nature of its existance=> rewarding Tor network nodes remains unclear? Let me make this clear. The very purpose of existance of this coin is supposed to be rewarding Tor nodes. HOW? for what? where is the whitepaper? How does the mechanism look like? based on what? |
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I had no time to look through all of the posts, however, I have a question. A very crucial and basic one and I've found no information related to it neither on your website nor in here. I've been working on incentivising data exchange using cryptocurrencies for past 3 years. We will be presenting an implementation here soon. Would you please describe to me, how do you incentivise the data exchange in Tor network. How do you reward TOR node operators? do you reward them for the ammount of data they help to disseminate or for what. thank you. Let me allow for a short intro: I've found this post due to a periodic check of what is going on in the field. As you seem to be touching on the subjects of what we've been working on for the last couple of years I got excited:P right now I'll be sort of mysterious but here's the link www.gridnet.org; for those of you familiar with academia; you shall be able to find first article related to the technology:) In short: It will wipe away TOR:P so no point in having fun with TOR, let TOR-related coins alone. And we are not doing crowd-funding for development; we are not concerned with patents(look at Safe Net scam) what we do is completely covered during IEEE official conferences with detailed white papers; backed by science. That is all for now:) You will know when we hit. |
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Hello every one !:) I was assigned a job of investigating various cryptocurrencies, I specialise in cryptography, reverse engineering and low level stuff, I've also got a degree in Economics. I come from a research community I am related to an university which I wouldn't like to mention right now. We are to come up with our own cryptocurrency, I mean.. the project will be using cryptocurrency and blockchain technelogy it will be sort of innovative, there is a whitepaper ready. BUT... we are now heading towards the implementation stage and I am researching various altcoins in the wild. I believe that we first do reseach whitepapers see what is around and what is criticised. I've been invesigating DASH for a couple of hours today, I have opened a seperate thread. If some members would like to point me in a couple of facts why do they believe DASH to be scam - I'm all ears facts please. |
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I will analyze the whole source code etc. just warming up and looking for some sparks of light. I need to do to research that's my job xd
the idea and internal workings of Bitcoin are totaly clear to me. will take me a couple of days to get my head around these few concepts.
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@qwizzie no problem. I WILL post also at your forums asap, I was to send you an email... to the authors I mean. BUT I also want to have an objective opinion from many people.. I come from research community and doing some research. thank you for an invitation.
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Masternodes are originally formed by sending 1000 DASH to a specific address in a wallet
that will “activate” the node making it capable of being propagated across the network. what is that address.how is it computed who owns the private key A cold mode is made possible by utilizing the secondary private key on two separate
machines. what is a "cold mode". I will skil this section untill it becomes clear. reading.. If a miner is noncompliant their blocks must
be rejected by the network, otherwise cheating will be incentivized.
noncompliant - in what sense? We propose a strategy where Masternodes form quorums, select a winning Masternode and
broadcast their message. I thought that all of the masternodes form a single quorums... what do they mean by sub-quorums? I will read on when these questions are resolved:D |
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Masternodes can provide any number of extra services to the network. As a proofofconcept,
our first implementation included Darksend and InstantX. By utilizing what we call
proofofservice, we can require that these nodes are online, responding and even at the
correct block height.
Darksend...InstantX... naming conventions remind me of sam Sci-Fi movies. anyways. the concept of proof-of-service, well.. I will check how it is implemented but I don't really see how the fact that a host is online would be a reliable proof of anything. I'm not a fan of proof-of-stake as I think that nodes can be 'bought'. and what about the privacy of IP adresses of the full nodes etc. just thinking loud. reading.. To reduce the possibility of people using the system to
their advantage nodes must ping the rest of the network to ensure they remain active. well ok. does the fact that a node is online impose any fact of their reliability honesty, etc? reading.. All work done to check the network to prove that nodes are active is done by the Masternode
network itself. Approximately 1% of the network will be checked each block. This results in the
entire network being checked about six times per day. In order to keep this system trustless,
we select nodes randomly via the Quorum system, then we also require a minimum of six
violations in order to deactivate a node ok so they ping one another...I still do not get how the rank of each full node is computed |
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"With the addition of the Masternode network and the collateral requirements, we can use this
secondary network to do highly sensitive tasks in a trustless way, where no single entity can
control the outcome. By selecting N pseudo random Masternodes from the total pool to
perform the same task, these nodes can act as an oracle, without having the whole network
do the task.
"
ok, why do they consider the possibility of a whole network doing something a con? highly sensitive tasks? I mean I really don't get it. It could translated like some secret club is doing something. only those able to afford the 1000DASH deposit. Another example use for trustless quorums can include utilizing the masternode network as a
decentralized oracle for financial markets, making secure decentralized contracts a possibility.
As an example contract, if AAPL is over $300 on Dec 31, 2016 pay public key A, otherwise
pay public key B.
trustless quorums.. what If I call the whole bitcoin network of full nodes a trusted quorum? what is so special about the ones who got 1000DASH deposit bisides limiting the number of possible full nodes? i can see that the fact of STAKE bound to each node allows them to make some sort of voting. well.. what if we bind the voting power to a number of sacrificed currency for example? that wouldn't limit the number of full nodes so much. would be more flexible |
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Hello, I'm reading their whitepaper I've got some doubts and questions. I'll update my questions as I read along. Return on investment for running a Masternode can be calculated as
((n/t) * r * b * a * 365) / 1000 why do they say that there is a lack of incentive for running a bitcoin full node? the rewards for mining will dmininish in time true but then there will be returns from higher transaction fees , bitcoin system seems to be able to handle such a scenario even when block rewards are fully gone. why to require a deposit of 1000 dash from full node operators? what is the point? doesn't it create a centralization? where only the ones who can affor the deposit are able to mine? in bitcoin everyone is able to mine. what's the point. as far as I can see there is no point of creating a stake IF the difficulty of proof of work is high enough. "The cost associated with running a Masternode creates a hard and soft limit of active nodes
on the network. Currently with 5.3 million DASH in circulation, only 5300 nodes could possibly
be running on the network. The soft limit is imposed by the price it costs to acquire a node
and the limited liquidity on exchanges due to usage of Dash as a currency and not merely an
investment" Why would one want to limit the number of full nodes? what is the point. pseudo code for selecting a master node: "For(mastenode in masternodes){
n = masternode.CalculateScore();
if(n > best_score){
best_score = n;
winning_node = masternode;
}" this code seems to promote full nodes with a higher stake. if the CalculateScore function takes into account the ammount of desposit? doesn't it push the system towards centralization? here I can see the function :CMasterNode::CalculateScore(){
n1 = GetProofOfWorkHash(nBlockHeight); // get the hash of this block
n2 = Hash(n1); //hash the POW hash to increase the entropy
n3 = abs(n2 masternode_vin);
return n3;
} so the function depends on proof of work of a given block I don't fully get the third line. the function seems only to rely on the proof of work of a given block height, so, where is the dependancy on a given node. please explain. it is supposed to rank the nodes. "Currently the Dash network has ~2400 active Masternodes[8]. By requiring 1000 DASH
collateral to become an active Masternode, we create a system in which no one can control
the entire network of Masternodes. For example, if someone wants to control 50% of the
Masternode network, they would have to buy 2,300,000 DASH from the open market. This
would raise the price substantially and it would become impossible to acquire the needed
DASH.
" ok I see the idea of proof-of-stake here, though you dont call it as such here. 2m dash for a government to buy would be easy money wouoldn't it? considering the current price. of aorund 13usd /coin. |
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