[ANN][MSK]MaskNetwork - the decentralized social network that pay users to post

[windjc]

As we have promised we came back with a revised and functional version of MaskNetwork.

After 6 more months of developing / testing we have are happy to announce that MaskNetwork is stable and ready to be launched in 5-6 weeks. We have also launched the official ICO. Check www.masknetwork.com fro more info.

Those who participated in the pre-sale pls. send me a message. The network addresses format has changed and we have to send you new public / private key pairs. We will also launch a 10.000 MSK bounty campaign.

What we have done in the last 6 months :

- Rewrite almost 20% of core code
- Added the missing features like data feed, binary options, margin markets. Right now 100% of features are implemented and ready to be tested.
- Tested the consensus / wallet stability
- Fixed a lot of issues  / bugs reported by testers

Those who bought MaskCoins using maskexchange, pls send me a PM.

I sent you a PM. No response.

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[Drobek]

Exciting project. Interested in translation into two languages, want to be actively involved!

[themasknetwork]

As we have promised we came back with a revised and functional version of MaskNetwork.

After 6 more months of developing / testing we have are happy to announce that MaskNetwork is stable and ready to be launched in 5-6 weeks. We have also launched the official ICO. Check www.masknetwork.com fro more info.

Those who participated in the pre-sale pls. send me a message. The network addresses format has changed and we have to send you new public / private key pairs. We will also launch a 10.000 MSK bounty campaign.

What we have done in the last 6 months :

- Rewrite almost 20% of core code
- Added the missing features like data feed, binary options, margin markets. Right now 100% of features are implemented and ready to be tested.
- Tested the consensus / wallet stability
- Fixed a lot of issues  / bugs reported by testers

Those who bought MaskCoins using maskexchange, pls send me a PM.

I sent you a PM. No response.

PM Sent.

[Bimmerhead]

I'm trying to wrap my non-techie head around this project. Seems like there is so much going on in it.

So if I issue a binary option, do I put up X amount of funds and the buyer puts up X amount of funds and the network delivers the funds to the winner based on the data from the feed?

[themasknetwork]

I'm trying to wrap my non-techie head around this project. Seems like there is so much going on in it.

So if I issue a binary option, do I put up X amount of funds and the buyer puts up X amount of funds and the network delivers the funds to the winner based on the data from the feed?

Step 1 : you create a binary option and setup all details

Step 2 : The collateral is frozen by network. The funds are taken from your address.

Step 3 : Another user buys a percent / all your option. His funds are also frozen by network.

Right after you create the option, the network checks the associated data feed after each block.

Possible outcomes :

If the winning conditions are met the network will pay the buyers using a part / all your collateral. You will receive back the unused collateral.

If the option expire and the conditions are not met, you will receive the collateral + all investments.

Rewards
When a user buys your option he will automatically up vote both your option and associated data feed. Based on those votes you get rewarded every 24 hours. Popular option = big rewards even if you loose it. Sometimes, you could even make more money if you loose the option than if you win it, because of rewards.

Risks
Because the whole process is managed by network, the only risk is the data feed. This could be mitigated by using multiple data feeds for the same option, but data feeds are heavily rewarded to provide accurate data. In 5-6 months, well established data feeds providers will emerge.

[Raizou]

I didn't know that this project was thought in 2015 or the name is the same and different ideas? Why did you give up, Dev? On the first page are SCAM charges, was that the reason? Or was it on the roadmap from the beginning?

[BITCOINDENMARK]

I joined the ico, after payment it says; "you will receive an email after 6 hours with privkey+pubkey". This is 18 hours ago and no mail  ?

[themasknetwork]

I joined the ico, after payment it says; "you will receive an email after 6 hours with privkey+pubkey". This is 18 hours ago and no mail  ?

In the next 24 hours we will send all public / private keys pairs to ICO investors.

[themasknetwork]

While all cryptocoins are in red, there is only one place where you can short them at x100 leverage and make a profit. MaskNetwork test net
http://coincenter.info/pages/assets/margin_mkts/index.php

It's only a test net until July, 1. But in the future when everything falls, you know where to go and place your shorts....

[Bimmerhead]

I joined the ico, after payment it says; "you will receive an email after 6 hours with privkey+pubkey". This is 18 hours ago and no mail  ?

In the next 24 hours we will send all public / private keys pairs to ICO investors.

Here are a couple tips to developers who are trying to make a success of their projects:

1. do what you say you will do

2. under-promise and over-deliver

Especially when there are prior allegations of scam.

[sammrheza]

really scam ?

[vprf]

I am one of the first ICO investors of MSK.  December 2015.  I still have my private and public key from the 1st ICO promising more than the 40 Coins issued that it says on your timeline.  4.1833 Bitcoins was my investment Dec. 2015.  I have sent a PM to you with my public key.  Please reply my PM.
It seems last time this MSK launched some of the nodes were stealing peoples coins?  How can this be prevented this time?  Thank you for answering my questions.

[themasknetwork]

I am one of the first ICO investors of MSK.  December 2015.  I still have my private and public key from the 1st ICO promising more than the 40 Coins issued that it says on your timeline.  4.1833 Bitcoins was my investment Dec. 2015.  I have sent a PM to you with my public key.  Please reply my PM.
It seems last time this MSK launched some of the nodes were stealing peoples coins?  How can this be prevented this time?  Thank you for answering my questions.

PM send. All those who participated in the pre-sale, will receive their coins in July after the real net starts.

[vprf]

I am one of the first ICO investors of MSK.  December 2015.  I still have my private and public key from the 1st ICO promising more than the 40 Coins issued that it says on your timeline.  4.1833 Bitcoins was my investment Dec. 2015.  I have sent a PM to you with my public key.  Please reply my PM.
It seems last time this MSK launched some of the nodes were stealing peoples coins?  How can this be prevented this time?  Thank you for answering my questions.

PM send. All those who participated in the pre-sale, will receive their coins in July after the real net starts.

The real net  started one time before is this the real, real start?

[FandangledGizmo]

The real net  started one time before is this the real, real start?

Looks like this has been released multiple times, each time with major delays and less functionality than users were expecting. After three years the features are 'ready to be tested' so don't hold your breath.

100% of features are implemented and ready to be tested.

As far as I can tell the nodes can still steal users private keys? unless the user implements additional security procedures which means it's unlikely to be adopted by the average joe imo.

Couldn't node operators steal users private keys?

Of course they can. And in many cases they will, if users don't protect their addresses. This is why we have implemented a lot of double factor authentication methods :

Frozen Addresses - You can freeze an address for a period. From a frozen address one cannot spend funds.
Restricted Recipients - By activating this option you will be able to send funds from the address only to a group of up to five other addresses. If an attacker takes control of the address, he/she can only send funds to a specified group of addresses.
Multisignatures - A multi-signature address is an address that is associated with more than one private key. Spending funds from a multisig address requires signatures from up to 5 other addresses.
One Time Passwords - A one-time password (OTP) is a password that is valid for only one transaction, on a computer system or other digital device. Spending funds from an OTP address requires an unique password.

For example, you have a wallet with hiddenwallet.org and you want your coins safe. You follow the steps :
- You open an account to maskplace.net
- Attach your main address on  hiddenwallet a security option like Restricted Recipients pointing to your maskplace address.
An that's it. Even if the owner of hiddenwallet web node OWNS your private keys he / she will be able to send funds only to your address at maskplace.
And of course you could attach the same security option to your maskplace address to point to even another address on another wallet and so on...
It's trivial for a user to setup a really complex security scheme for his / her addresses.

Having said that, pretty low valuation, so good upside, if it turns out to be good.

[PatioCrasher]

I lost a ton of money on this one last time both on the nodes and trying to buy and sell on mask exchange. :/

I invested quite a bit into this one last time they launched and even tried to sell all on the last days of the maskexchange.  I did not get my BTC back and support did not reply.

[rabbitcoffee]

Can this coin be mined/staked?  Are there maternodes?

[CryptoWinner]

I lost a ton of money on this one last time both on the nodes and trying to buy and sell on mask exchange. :/

I invested quite a bit into this one last time they launched and even tried to sell all on the last days of the maskexchange.  I did not get my BTC back and support did not reply.

Is this a scam? Any progress in development and does dev post updates?

[PatioCrasher]

I lost a ton of money on this one last time both on the nodes and trying to buy and sell on mask exchange. :/

I invested quite a bit into this one last time they launched and even tried to sell all on the last days of the maskexchange.  I did not get my BTC back and support did not reply.

Is this a scam? Any progress in development and does dev post updates?

No update. no reply.

Last time I said it was a scam op deleted my posts. most likely will happen to this post too.

[Bimmerhead]

ICO is over.

Anyone know how much was collected?