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team details? credibilities?
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Anything different from other CryptoNote coins?
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this seems an interesting coin.
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Also dev what's the difference between lyra2 and lyra2-zoin? why create a different flavor? When I check the Lyra2 code, I don't see any differences though.
The Lyra algorithm is the same, it just uses different parameters. Originally ZCoin had unsustainable parameters for Lyra, as explained here: https://bitcointalk.org/index.php?topic=1671060.msg16863305#msg16863305If ZCoin didn't change the algo, it would have needed more and more memory and got slower and slower until most machines would not be able to do the hash. Zoin had to change the original ZCoin algo for this reason. It's nice that Zoin improved ZCoin. Why do we use Lyra2 here at all? Any adavantages? Would it be the same to use scrypt or X11 etc as PoW while still keeping the zerocoin features? |
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Can someone explain to me what is the "Zerocoin" menu in the client for? Can we mint zerocoin, is it another coin?
It's a financial privacy feature. Core feature of the zerocoin protocol zoin is based on. Someone described it here: It will mint a new single coin that comes from nowhere. It's a 0. Transaction coin
It has a transaction fee of .001 and you have to have one to mint it...
It is how you make untraceable transactions
The idea is you can mint a zerocoin which costs some amount of the normal currency (here zoin). The later you spend that zerocoin and receive some normal currency back, to a brand new different address that has never been used before. The mint operation and the spend operation are supposed to be unlinkable. Meaning you end up with new currency that has no history. It's completely anonymous and not connected to any of your previous transactions. Normally all your spends are connected to previous receives and anyone can follow the whole chain. If it works as advertised you can use it to keep your block chain transactions anonymous. This is cool, thanks a lot for the information. |
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Mint zerocoin is useles function, paying fee to send coin nowhere.
then why it is there?? |
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Can someone explain to me what is the "Zerocoin" menu in the client for? Can we mint zerocoin, is it another coin?
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I would certainly think that you better keep the coins yourself for safety. No exchange can guarantee the safety of your coins. Just look at MtGox, cryptsy etc.
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how do you do "proof of identity"? a pure advertisement word, or otherwise do you care to publish the algorithm?
The special algorithm is just require a unique phone number and send 1000 JCS if the user can verify its theirs. This is the only way JCS are created after the initial 8.7 trillion So if I understand this, people have to submit their phone number (through the wallet??) to you and you may send a verification number or string, if the user enters this verification number or string through his wallet then they will receive 1000 coins? Possibly that's what they plan to do, but just think what small percentage people on earth will claim their coins. With that huge amount of premine (>99%) this coin becomes useless. |
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how do you do "proof of identity"? a pure advertisement word, or otherwise do you care to publish the algorithm?
The special algorithm is just require a unique phone number and send 1000 JCS if the user can verify its theirs. This is the only way JCS are created after the initial 8.7 trillion Trade my phone number with 1000 possibly useless coins? No thanks.  Also less than 0.01% of the people on earth will claim your coin, so the majority amount you will keep as a hidden premine for yourself, right?  |
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it is an interesting idea. but is there anything implemented for the subchain or other fancy concept? for now it looks like a normal pos coin only.
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Insane looks like a "conventional" pos coin with no new innovation. There are many copy-paste type coins there, lol.
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This looks like a convoluted ICO. A lot of promises, need to see how the first real technical development going. There are too many so called platform or framework, many are not really deserve investing, but hey who knows, this is wild west and something will be good eventually.
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sounds like a cool system... It would be helpful to provide some consistent data for the bot. I am sure it will win for some cases, I am more concerned how consistent it is.
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YEs if you list those created via your service, and have some (no need great) success, it will certainly attract more people. But my guess is that these coins will go no where...
I think most should be shitcoins. Doing copy/paste of a coin should be cheap... |
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how do you do "proof of identity"? a pure advertisement word, or otherwise do you care to publish the algorithm?
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need more details: coin spec, details on premine etc...
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Hello again! Your current linked Bitcoin address is 2MsYNtcpSzcbMMFD24mMmyDiQkP8AtaUp8C. Please make sure that 2MsYNtcpSzcbMMFD24mMmyDiQkP8AtaUp8C is indeed your address and move all your coins to this address. The amount of bytes you receive will be proportional to the total balance of this Bitcoin address on December 25. Current balance of this address is 2.37 BTC. ***************************************************** pls can u kindly confirm the steps ( japanese style "step by step" easy instructions...... ================================================= 1/ send micro payement 2/ get see the btc adress 3/ send micro payment to adress 4/ check balance is updating & at same avoid risk of hacker robing btc 5/ send full amt btc to safe adress 6/ normally BTC just moved around inside the same wallet is this correct  ? 7/ balance of btc will update inside byteball system until a cut off date & time 8/ receive byteball & blackbytes what's the difference between step1 and step3? I think you just need to send one micro payment... |
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lol, trumpcoin, this should be a good one... President elect Trump will be happy. Did you guys send him some? |
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for global marketing to matter, you need China and India!!!
Above diagram shows China is empty, lol, I think that diagram is definitely wrong. It basically shows all traffic from US and Russia, I am sure many should from China. I agree, the map is wrong |
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