[ANN] official NovaCoin thread - the original PoS+scrypt coin.

[kha0S]

We have passed block 40.000

[Balthazar]

 

I think about block #50000... Bets on the last byte of hash would be funny.

[kha0S]

What's the prize?

I think about block #50000... Bets on the last byte of hash would be funny.

[Balthazar]

What's the prize?

I haven't decided yet.

Interesting article:

https://bitslog.wordpress.com/2013/07/18/buggy-cve-2013-4627-patch-open-new-vectors-of-attack/

recommended for reading.  

P.S. This issue already fixed in NovaCoin source tree, see this commit.

[ryanb]

i installed the Mac wallet and i password encrypted my wallet do i need special command for POS minting?

[Balthazar]

i installed the Mac wallet and i password encrypted my wallet do i need special command for POS minting?

You can't generate blocks with encrypted wallet in locked state. If you wish to generate blocks, then you need to unlock your wallet.

Help -> Debug Window



Then switch to RPC console tab and run this command:

Code:

walletpassphrase VeryStrongPasswordDoNotUseMe123 86400 true

86400 is unlock time in seconds

[ryanb]

i installed the Mac wallet and i password encrypted my wallet do i need special command for POS minting?

You can't generate blocks with encrypted wallet in locked state. If you wish to generate blocks, then you need to unlock your wallet.

Help -> Debug Window



Then switch to RPC console tab and run this command:

Code:

walletpassphrase VeryStrongPasswordDoNotUseMe123 86400 true

86400 is unlock time in seconds

Thank you so much

[Bitinvestor]

P.S. Thinking about the ZeroCoin integration.  

That would be awesome. The lack of built-in anonymity is probably the biggest shortcoming of Novacoin.

http://zerocoin.org/

[Balthazar]

P.S. Thinking about the ZeroCoin integration.  

That would be awesome. The lack of built-in anonymity is probably the biggest shortcoming of Novacoin.

http://zerocoin.org/

Pseudonimity could be enough, but I partially agree with this sentence. ZeroCoin is a big leap and needs a lot of testing, so it will be implemented for the testnet only... For the first time, at least.

[Bitinvestor]

ZeroCoin is a big leap and needs a lot of testing, so it will be implemented for the testnet only

That's great. Let us know when it's ready and I'll help with testing. I'll read the ZeroCoin paper in the meantime, it looks like it will keep me busy for a while...

[Balthazar]

P.S. Thinking about the ZeroCoin integration.  

That would be awesome. The lack of built-in anonymity is probably the biggest shortcoming of Novacoin.

http://zerocoin.org/

Pseudonimity could be enough, but I partially agree with this sentence. ZeroCoin is a big leap and needs a lot of testing, so it will be implemented for the testnet only... For the first time, at least.

https://github.com/CryptoManiac/novacoin/commit/c0f84a8b255f8c22fa8dae4da335830e71e8d0ca#commitcomment-4040799

The work just begun.

[Balthazar]

https://github.com/CryptoManiac/novacoin/wiki/Zerocoin-transactions

[Bitinvestor]

https://github.com/CryptoManiac/novacoin/wiki/Zerocoin-transactions

5) Only Proof-of-Work miners will be allowed to include ZeroCoin mint/spend transactions.

Why?

At your rate of progress you'll have ZeroCoin integrated before I'm finished reading the paper.
Are you working with the ZeroCoin developers or are you doing this independently?

[xchrix]

zerocoin implementation in NVC? great this will drive the price much higher. unfortunately i dont have much of them because they are so "expensive"

[Balthazar]

Why?

Because I don't want to complicate Proof-of-Stake signatures format. Also there are a few ideological reasons, eventually Proof-of-Work will be reserved as a tool for ZeroCoin transactions handling.

Are you working with the ZeroCoin developers or are you doing this independently?

I'm doing this myself, without connections with ZeroCoin and the rest of NVC developers.

unfortunately i dont have much of them because they are so "expensive"

Buying isn't necessary to get some coins. You can mine or set up your own pool with a small %.  

[Bitinvestor]

I'm doing this myself, without connections with ZeroCoin and the rest of NVC developers.

You're not the only one:

Zerocoin implementation begins. We have finally obtained contact with the zercoin creators and are now  likely to be the first coin to get zercoin implemented. Their, as well as our developer teams are eager to get a working proof-of-concept running as soon as possible.

https://anoncoin.net//

[Balthazar]

You're not the only one:

It doesn't matter

[mercSuey]

I'm doing this myself, without connections with ZeroCoin and the rest of NVC developers.

You're not the only one:

Zerocoin implementation begins. We have finally obtained contact with the zercoin creators and are now  likely to be the first coin to get zercoin implemented. Their, as well as our developer teams are eager to get a working proof-of-concept running as soon as possible.

https://anoncoin.net//

People need to wake up and realize zerocoin implementation will invite increased legal scrutiny, especially from the US.  And that there is a chance some businesses, and most likely in the financial services industry, will close their doors to a digital currency with full anonymity.  Zerocoin is not all a good thing.  There are risks...

-Merc

[Bitinvestor]

There are risks...

Absolutely, but it's a matter of principle. Anonymity should have been built into Bitcoin from the very beginning, just like e-mail should have been encrypted from the very beginning. I'm not a criminal, I just don't want everybody to be able to read my emails and scrutinize my finances. Criminals already know how to maintain their anonymity with cryptocoins, and the biggest of them even use the banking system to launder their money. Anonymity should be the norm, a human right, not something to be afraid about. If ZeroCoin scares you then sell your NVC.

[Balthazar]

People need to wake up and realize zerocoin implementation will invite increased legal scrutiny, especially from the US.  And that there is a chance some businesses, and most likely in the financial services industry, will close their doors to a digital currency with full anonymity.  Zerocoin is not all a good thing.  There are risks...

-Merc

You are killing the main idea of decentralized cryptocurrency. People need to wake up and remember why Bitcoin was created. It's created to take down "regulatory measures" and another shitty things. If you are disagree, then USD would be much simpler to use.