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61  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LGC] Logicoin | DGW | X11 | No Premine | Win 2100 LGC on: May 07, 2014, 01:23:22 PM
In order to attract investors, you must have clear plans for development of the coin. If there is a POS - you have to declare s about it in the first post.
Must be sounded clear development strategy. Must be unique services.

There is currently no POS. All I said was that it was an available option but one I personally would prefer to avoid, partly because I feel its more a flavour of the month thing and partly because it appears at this moment to have alot of design flaws and is being improperly implemented in alot of coins.

The only thing up in the air at the moment is what happens after 6 months (still over 5 months left) and that decision will in large part be left upto the community. As I've explained before, I and the rest of the team feel that we are in for some radical changes to Cryptocurrencies over the next 6 months and rather than just jump on the most popular bandwaggon at the time we would prefer to see how the landscape changes and then make an informed choice once we have some information to work with.

We have taken your advice under consideration but at this point in time we feel that indecision is the best course of action. With that being said we will likely open a poll in the coming week to gather up the opinion of the majority.



I'm not an expert on cryptography, but you can read some saying that any non PoW is not secure. PoS is highly insecure and can be attacked with much less than 51% hash.
62  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: May 05, 2014, 08:20:46 AM
Hardcoreminers are mining away: Current Block 81060. WTF?

Don't understand how node system works: if there are i.e. 10 QT running- so they can connect to each others coin network should work. And I don't get - how our QTs can't connect with hardcoreminers, that are online and mining?.. Or I don't understand how node network works?





No, actually, hardcoreminers has it's own node running. where all the miners are mining. Somehow those who are mining there probably have a peers.dat file that contains the hardcoreminer's node. So those with that node will be able to sync. We would need one node to sync our nodes.
Could they share their peer.dat?
63  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: May 04, 2014, 02:57:55 PM

Backup your wallet because Heartbleed Openssl Security Vulnerability has not been patched. Don't expose it on the net, could allow your CateDoges to be stolen.


the problem is not the patch. I have it patched, Had very slow internet connections for long time, And couldn't upload it. I will upload it.
Right now. I don't have any funds in my hot wallet.
So I could host a few nodes. if someone can buy a ubuntu vps from bitvps or any other node service. I will be glad to resurrect this coin.  Smiley Or we can wait a bit so I can get some funds

BitSSD 5, 15$/3 months? https://bitvps.com/openvz/

I can buy 15$ of CateDoges, shatoshi/CTD, for vps, plus 5$ as donation.

I didn't get what you meant. yes, bitssd is 15$ for 3 months.
I can buy catedoges from those aimed at bounties.
64  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: May 04, 2014, 11:39:37 AM

Backup your wallet because Heartbleed Openssl Security Vulnerability has not been patched. Don't expose it on the net, could allow your CateDoges to be stolen.


the problem is not the patch. I have it patched, Had very slow internet connections for long time, And couldn't upload it. I will upload it.
Right now. I don't have any funds in my hot wallet.
So I could host a few nodes. if someone can buy a ubuntu vps from bitvps or any other node service. I will be glad to resurrect this coin.  Smiley Or we can wait a bit so I can get some funds

BitSSD 5, 15$/3 months? https://bitvps.com/openvz/

I can buy 15$ of CateDoges, shatoshi/CTD, for vps, plus 5$ as donation.
65  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: May 04, 2014, 10:45:30 AM
A good coin without a good marketing plan. Now seems Dev has lost his faith.

Backup your wallet because Heartbleed Openssl Security Vulnerability has not been patched. Don't expose it on the net, could allow your CateDoges to be stolen. You never know, eventually the coin could be resurrected.

In case you want to try to sync, create a new wallet.

If comunity wants to resurrect CateDoge, first thing should be to patch wallet for OpenSSL vulnerability.
10 workers doesn't mean 10 wallets, much less 10 online wallets. I have one qt online but it is not updated so not useful for sync.
I don't know how the pool is configured and whether it can act as a node.
66  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: May 03, 2014, 09:25:59 AM
A good coin without a good marketing plan. Now seems Dev has lost his faith.

Backup your wallet because Heartbleed Openssl Security Vulnerability has not been patched. Don't expose it on the net, could allow your CateDoges to be stolen. You never know, eventually the coin could be resurrected.

In case you want to try to sync, create a new wallet.

If comunity wants to resurrect CateDoge, first thing should be to patch wallet for OpenSSL vulnerability.
67  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: May 01, 2014, 01:45:48 PM
Read this: CateDoge – A “just for fun” coin with some real innovations:

http://blog.gryfencryp.to/2014/04/29/catedoge/
68  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 24, 2014, 10:57:48 AM
How about considering future coin developments such as POS?


I am not convinced of the goodness of Proof Of Stake. Donīt you think it reduces/eliminates the privacy? Even I have read it is not secure.

"5) Other individuals may prefer the privacy associated with dropping out of participation. These individuals are still welcome to use the network, but must face a wealth tax of 5% per annum to compensate for the security risk created by their behavior. "https://en.bitcoin.it/wiki/Proof_of_Stake

And other problems could arise:
"I think Andrew Miller put it best: "The trouble with Proof-of-stake is that there is nothing at stake."

Consider the basic function of proof-of-work and the blockchain: together, they let the network come to a consensus when there are two (or more) different, competing chains.

Miners must decide to dedicate their hashing power to just one chain-- they cannot "bet on" more than one. So their best strategy is to work on the chain that they think most other miners are working on, and that quickly drives the system to a consensus on a single, best chain.

The trouble with proof-of-stake is there is no natural incentive stopping a miner from assigning their stake to multiple, competing chains. If you try to create such a system, you "go meta" -- you started by trying to solve the transaction double-spend problem (which proof-of-work and the blockchain handle nicely), and end up trying to solve a proof-of-stake double-spend problem."

http://www.reddit.com/r/Bitcoin/comments/1oi7su/criticisms_of_proofofstake/

I am not an expert on this matter but I don't like PoS.

There are some good criticisms and there is also evidence that POS combined with POW can make the blockchain more secure from such things as 51% attack.... however I take your point that there may be security and privacy issues with POS.

My comment was rather to prompt conversation and discussion about POS and if it is right to consider it for this coin. For example EBT has a combined POS / POW scheme and appears to be doing well out of it even though it is Scrypt. There, up to now, has been no issues with security etc.

I was just thinking that POW with POS should not be ruled out for the future.... but with correct discussion, research and evidence of security.

Proof of stake is actually a good way to prevent 51% attack. Plus it makes a coin more scarce and valuable in the long run. Even if it's down for sometime. Intensive work of hashing over years wastes a lot of electricity. Couldn't think about it before.



Read this, by Anonymint:

"The other attacks you describe all derive from the fundamental reason I declared all non-proof-of-work systems to be insecure back in April.

My logic was mathematically fundamental. The input entropy set is quite deterministic and well known and thus can be preimaged. For example, accumulating a lot of coin-days-destroyed and then targeting them in clever ways to subvert the security.

The randomness (entropy) of each proof-of-work is fundamental and mathematical and it can not be preimaged. It can only be surely defeated with > 50% of the network hash rate. Note I recently offered what I believe to a solution to the selfish-mining attack (the one at hackingdistributed.com that claims 25 - 35% attack).

I am skeptical that you can characterize all possible attack vectors of proof-of-stake in one coherent mathematical proof. Thus you will not know formally what the security is; instead a list of adhoc attacks and counter-measures."

https://bitcointalk.org/index.php?topic=354573.msg3805632#msg3805632

 
  
 
69  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 23, 2014, 08:44:03 PM
How about considering future coin developments such as POS?


I am not convinced of the goodness of Proof Of Stake. Donīt you think it reduces/eliminates the privacy? Even I have read it is not secure.

"5) Other individuals may prefer the privacy associated with dropping out of participation. These individuals are still welcome to use the network, but must face a wealth tax of 5% per annum to compensate for the security risk created by their behavior. "https://en.bitcoin.it/wiki/Proof_of_Stake

And other problems could arise:
"I think Andrew Miller put it best: "The trouble with Proof-of-stake is that there is nothing at stake."

Consider the basic function of proof-of-work and the blockchain: together, they let the network come to a consensus when there are two (or more) different, competing chains.

Miners must decide to dedicate their hashing power to just one chain-- they cannot "bet on" more than one. So their best strategy is to work on the chain that they think most other miners are working on, and that quickly drives the system to a consensus on a single, best chain.

The trouble with proof-of-stake is there is no natural incentive stopping a miner from assigning their stake to multiple, competing chains. If you try to create such a system, you "go meta" -- you started by trying to solve the transaction double-spend problem (which proof-of-work and the blockchain handle nicely), and end up trying to solve a proof-of-stake double-spend problem."

http://www.reddit.com/r/Bitcoin/comments/1oi7su/criticisms_of_proofofstake/

I am not an expert on this matter but I don't like PoS.
70  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 22, 2014, 06:48:40 AM


We need many things done for the coin.
Incl.
Block explorer.
online wallet.
A service or a donation to charity, which is only possible once we get our coin listed on a exchange. We'll surely see volume on bigger exchange.
Anyone with ideas?

Dev, for calcultator + stats this site could help:
http://cryptocointools.com/stats/

http://cryptocointools.com/voting/

http://cryptocointools.com/contact-us/
71  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | DarkSend Anonymous Technology Pre-Alpha Launch on: April 22, 2014, 05:16:07 AM
I wonder if other x11 currencies besides Darkcoin will benefit from Darksend?
72  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 21, 2014, 01:00:34 AM
There are other keccak based coins that people are still mining with "Time Warp" exploit not patched...
73  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 20, 2014, 09:07:27 PM

We need many things done for the coin.
Incl.
Block explorer.
online wallet.
A service or a donation to charity, which is only possible once we get our coin listed on a exchange. We'll surely see volume on bigger exchange.
Anyone with ideas?

Someone (Atrides), recommends sites of fun clubs (fantastic, sport...), you need to awake an interest to the owner in getting the donate in CateDoges. "You have to speak to ONE man, and he dustributes FOR YOU to ALL HIS FUNS your coin by himself, just because he has nothing to lose and it is also exciting and modern."


A page showing difficulty, total coins mined, current block number... i.e. (it has adds... casinos, dices, sports, etc. at its bottom):
http://max.cryptpool.eu/
74  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 20, 2014, 07:03:38 PM

so lets hear more ideas....


The first idea is that this CateDoge coin based on the Sha-3 Keccak algorithm is a very secure way to store value:

As I have read Keccak is even secure against hypothetical future quantum attacks!  

Futhermore, it is very energy eficient to mine it.

So CateDoge is an extremely safe, very energy eficient cryptocoin with rapid transactions. I think it has great potential. These are the reasons I am mining and holding CateDoge (not for fun).

keccak is still not widely accepted and making apps for it is difficult as well  Sad I haven't seen any help from the community either.

To replace SHA-2, the SHA-3 Keccak was selected as winner on October 2012, so Keccak is very new, though Keccak based coins are already a crytocoin class wich is significative.

By example, as of today, MaxCoin (keccak, 30sec/block, total 100,000,000coins) is 0.00022BTC and is being accepted by some services, so market for keccak does exist.
75  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 19, 2014, 10:35:33 PM

so lets hear more ideas....


The first idea is that this CateDoge coin based on the Sha-3 Keccak algorithm is a very secure way to store value:

As I have read Keccak is even secure against hypothetical future quantum attacks!  

Futhermore, it is very energy eficient to mine it.

So CateDoge is an extremely safe, very energy eficient cryptocoin with rapid transactions. I think it has great potential. These are the reasons I am mining and holding CateDoge (not for fun).
76  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 19, 2014, 06:33:01 PM
Update is coming soon to fix heartbleed bug with openssl.

When is it coming?
77  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 19, 2014, 05:53:52 PM

In that web page, the link to hardcoreminers is wrong (in Additional Resources section).
78  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 19, 2014, 05:41:54 PM
Dead   Huh

I hope it is not.
79  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 14, 2014, 09:43:12 PM
Update is coming soon to fix heartbleed bug with openssl.

Better get this coin marketed. It's going nowhere now.

To fix heartbleed is a must.
80  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CTD] [SHA-3] CateDoge!Time warp patched! v1.3, Rapid transactions on: April 12, 2014, 05:18:00 PM
Dev,  could OpenSSL bug afect CateDoge wallet?

"A bug in OpenSSL, used by Bitcoin-Qt/Bitcoin Core, could allow your bitcoins to be stolen. Immediately updating Bitcoin Core to 0.9.1 is required in some cases".
https://bitcointalk.org/index.php?topic=562400.0
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