The bitcoin clones always fall into the same: they are useless, beyond serving as tools for speculation and for the enrichment of their pseudo-developers. Let's stop this plague, which is rapidly decimating the credibility of digital currencies. The new generation of crypto currencies need to jump out of the digital wallets: be easily usable in the real world.

The real innovation of Kreditz was being developed to overcome this barrier. To do this, we(expect)  include two main design issues: control over the price and tools to use in the real world.

More to come...

Holidays are over and now we have less time to work on kreditz.

This is an screeshot as how it looks until now.



Needless to say that it is extremely complex to develop a new crypto that must be secure, stable, full functional and open source. Also, as we program we find bugs and have new ideas to implement, so the project becomes bigger and bigger.

We are including the debug console in the alpha so if testers have some issues to fix, they could do it themselves.

Thanks for your interest.

PS the SSL lock will not be shown in the release

UPDATE:

Lets keep this thread clear and honest; we are having multiple issues with Kreditz:

- the system becomes out of memory when we try to hash (SHA-512) the messages ()
- sometimes the RSA keys are not working properly. Probably there is something wrong in our own application.
- We want use only 16Kbits RSA keys, but it looks difcicult since they are hard to generate for most CPUs.

In the other hand, there are some good news too:

- Many bugs in the block generation fixed.
- RSA + ECDSA + 3DES security.
 
An pseudo-smart scrypt able to detect hack connections could be implemented if we finally can fix it.

Once again, thanks to everyone interested in Kreditz. Some one sent us a prototyoe logo, but we really dont liked it, and there are many other prioritys right now.

Keep tuned.

REAL Freeware programmers never ask for money. If the people use our software and they are happy with it, we of course will accept donations.


Kreditz = Credits, the name of the money in many, many futurists books and movies. Also, to avoid possible future copyright claims.

UPDATE: Welcome to the weekend! We will work as hard as we can to get the alpha version. We really want some opnions outside us, maybe we are going in the bad direction and someone else could let us know the way to follow.

PoP seems to be a good thing, maybe even better than PoS. If we could get a good-balanced relation for the algorithm itself then our coin will have its sustainability guaranteed, so we are studying it carefully.

Well, we are having some issues generating the blockchain, but hopefully it will be fixed on time so the next week we could begin the alpha-testing. To be honest, we are surprised for the ammount of job required but more enthusiastic than ever because that all difficulties are overcome.

Here are the first two screenshots.

This shows the on-start window.



Here the main GUI. Since this is an alpha release, most features are not implemented yet.



Just few days to start the alpha test. Thanks to the people who showed interest to help via PM, we will let you all know when the test will begin.

We will need some testers for alpha release.

Since we are not working over a (many times) copied platform (bitcoin) we want test the network and secure conections all over the world.

Please note the following:
- Alpha release will not have PoW mining.
- PoP and PoS are implemented.
- A Totally new and INNOVATIVE feature is added; it was added just in the last days and will probably change the world of the cryptocurrencyes.
- Windows EXE only; Kreditz will be cross platform only for beta and final release.

Test network is only for development improvements. Coins earned will not have any value since the release itself will contain an instruction to stop generating blocks after some days (if (NewBlock.GetNumber > 2880) Delete)

If you want help testing, please, PM us. We will send you the EXE and the source code in plain text (to avoid piracy) The software is totally secure and free-malicious spyware. You can ever run it in the cloud if you prefer so.

Testers and (future) investors will receive the coins mined in the genesis block of the oficial release (This will be done to incentive the PoS from the first day)

We sent them everything, including screenshots of the transactions pending, but their operators just dont answer now to us. YACoins value was 0.00007900 BTC 10 days ago, now it drop to 0.00004400! SCAMERS!

BTER.COM = SCAM!

Software Report:

- P2P Network : Working Stable
- SSL Encryptation: Working Stable.
- Algorithm: Working, some issues to fix yet.
- BlockChain generation: Working, begining tests.
- Wallet features:
   - Show/Hide Balance: Done
   - Change password: Done
   - Show transactions history: Pending
   - Pin verification: Pending
   - Sounds: Pending
   - Filters: Pending

Estimate release date: Febraury first week hopefully.

There are so many mistakes from people due to the ammount of decimal zeros in bitcoin. Kreditz (this is the definitive name) is user-friendly designed. You will be able to read and understand how much you own. Using a pre-formated wallet you never will see this:
Balance: 15689765.34 KDT
Do you own one and a half million... or fifteen millions? IT is fixed as follows:
Balance: 15,689,765.34 KDT

There will be also an option to set manually the KDT value (in any other currency, crypto or fiat), so you will see something like this (release version)

Balance: 15,689,765.34 KDT
Estimate: 313.80 US$

(In this example, 1 KDT = 0.00002 US$)

Including an autoupdate for the KDT value from (Where?) is in study, but is not really a priority right now. Anyway, it will be optional for the user if it is finally added.

We do not agree with autopayments; after all, you will need to have your wallet online anyway, and we prefer to keep a high security profile: all payments will require user confirmation manually.
But we talk today about the posibility to include something very similar. As we mature the alternative i will post it here.

I still have +3000 BQCs and almost 2000 YACs stucked there. Support in QQ told me yesterday that they were working on it, but today BQC deposits are available again and my BQCs do not appears.
They are scamming us and threating us like donkeys. Support in QQ do not connect today, i guess they will be offline the entire weekend, so they let the deposits available to get some more free extra coins. Do not allow them to do that! Add to your signature that bter.com is a scam!

BTER.COM = SCAM!

It is hard to say; we expect early febraury, but it is not sure yet since there is still a lot of job. We dont want start with a beta-version that could be not stable enough. We want see Nxt source code to check if there is anything helpfull for us (Dont worry, we will not use Java at all)


The algorithm itself is helpfull. Also, including PoP* inside it is under study to globalize our currency.

*PoP = Proof of Participation

Thanks for the feedback.

This is the first critcism? Glad it is refered to the logo. It make us think that we are in the good direction.
Anyway, you could send us a beutiful logo if you have time to work on it.

Kreditz will be CPU-only mined. I will add it to the first post.

As for the number of coins, we expect that eack KDT will reach 0.00000100 BTC. If so, one mont only after the launch, there will be +-108,000,000,000.00 KDT mined, 108,000 BTC market cap! The 6th higher market cap between cryptocurrencyes.

Yes, it could be implemented for later versions since it is not really priority


If you want create a Bitcoin-clone, you can do it in 1 week with some knoweledge of programing.
And email confirmation for transfer funds is under study to be implemented (as an extra security option)


The only goal for all this coins is avoid transactions like +0.00000156 When you earn one BTC, you really earns 100,000,000 satoshis and every blocks generates 2,500,000,000 satoshis! Every Kreditz block will generate 1,200,000,000 centz, less than the half but two times faster!!

Next step into Kreditz promotion is upload the web and share screenshots and videos. (soon)


Difficulty will be recalculated every two blocks (in all pair blocks) This will be not a problem (hopefully)

Kreditz could be minned from your wallet from the first block.


We prefer keep the wallet without it. Thanks for your colaboration.



The algorithm itself its the most important part of Kreditz. We will keep it hide as long we can, probably until the same day of the release. Obviously, it will be know in the same moment we release the source code.


Good idea, even is not new. Thanks for your time.


The amount is the same that Bitcoin. Think on that and will be easy to understand.

A totally new cryptocurrency, developed from scratch in Dev C++ just following the bitcoin main idea. The official release will include many new features:

- New algorithm, usefull for scientific purposes (like Primecoin): This is the main idea to desigh this coin. Why do not use all the hash power for something really usefull? How it will be used? We will announce it with the oficial release.
- New and more user-friendly wallet, auto-installation package and autoupdate system (everyone could use it): Forget to create manually the conf file or/and add peers. Just install and go!
- Only 2 decimal digits: More user-friendly for worldwide understanding of the real holdings.
- Advanced security by default: Password settings required at installation and a screen keyboard pin when sending money.
- Bitcoin compatible for exchange from your wallet: You will be able to trade your Kreditz for Bitcoins with another Kreditz user, directly from your wallet: Secure, No exchange server needed, no fees, no scam!
- Wallet full customization: set limits, filters, sound alerts, etc: More ideas about this are more than welcome. If you give us a good new idea and we implement it in the oficial release, we will reward you with 0.1 BTC.
- Fully translated into English, Chinese, Russian, German, French, Spanish and more as we go incorporating new languages

Status:
Software: Version 0.1.0 Under development: 65-70% done.
Web page: Under development. 50% Done.

We lost our money but we can avoid that others falls in the same scam.

Help me with this campaign.

BTER.COM = SCAM

Starting my campaing to let all know the true.

BTER.COM = SCAM

Read This:

https://bitcointalk.org/index.php?topic=389591.0

BTER.COM -> SCAMMERS!!