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Author Topic: ZCoin Launching Soon: Promises Full, Untraceable Anonymity  (Read 3847 times)
bbc.reporter
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September 20, 2016, 03:05:21 AM
 #21

Yea, why not. Buy coins from a for profit company in the united states

Did i also mention that the angel investors keep a large share of coins

Its getting stupid now, is this what we were here for?

Is a company going to start a decentralized currency now?

I think you may have confused Zcoin with Zcash. Both are different projects and Zcoin is only a clone.

So a fair warning to everyone. Zcoin is not Zcash.

Here is a quote of something I said in another thread.

Quote
I also find the Zcoin website funny. It is posing as if they are the ones who developed the Zerocoin protocol as you can read here http://zcoin.tech/index.html

But when you see who the people are behind Zcoin it is 2 asians http://zcoin.tech/about.html

I would be very careful in touching this coin. Have their developers or founders been on developer conferences and made talks? Also remember that they have the golden key in the trusted set up.

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September 20, 2016, 03:58:43 AM
 #22

"A fool and his money are soon parted." - Thomas Tusser

"There's a sucker born every minute." - PT Barnum

Don't be a fool or a sucker.

Comparison of Privacy-Centric Coins: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php also includes Verge and Pivx
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September 20, 2016, 06:55:51 PM
 #23

Yea, why not. Buy coins from a for profit company in the united states

Did i also mention that the angel investors keep a large share of coins

Its getting stupid now, is this what we were here for?

Is a company going to start a decentralized currency now?

I think you may have confused Zcoin with Zcash. Both are different projects and Zcoin is only a clone.

So a fair warning to everyone. Zcoin is not Zcash.

Here is a quote of something I said in another thread.

Quote
I also find the Zcoin website funny. It is posing as if they are the ones who developed the Zerocoin protocol as you can read here http://zcoin.tech/index.html

But when you see who the people are behind Zcoin it is 2 asians http://zcoin.tech/about.html

I would be very careful in touching this coin. Have their developers or founders been on developer conferences and made talks? Also remember that they have the golden key in the trusted set up.

I will need to do more homework before I invest any BTC on this ICO. Thanks for your advice bbc.reporter

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bbc.reporter
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September 21, 2016, 02:36:55 AM
 #24

Yea, why not. Buy coins from a for profit company in the united states

Did i also mention that the angel investors keep a large share of coins

Its getting stupid now, is this what we were here for?

Is a company going to start a decentralized currency now?

I think you may have confused Zcoin with Zcash. Both are different projects and Zcoin is only a clone.

So a fair warning to everyone. Zcoin is not Zcash.

Here is a quote of something I said in another thread.

Quote
I also find the Zcoin website funny. It is posing as if they are the ones who developed the Zerocoin protocol as you can read here http://zcoin.tech/index.html

But when you see who the people are behind Zcoin it is 2 asians http://zcoin.tech/about.html

I would be very careful in touching this coin. Have their developers or founders been on developer conferences and made talks? Also remember that they have the golden key in the trusted set up.

I will need to do more homework before I invest any BTC on this ICO. Thanks for your advice bbc.reporter

No problem. We as a community should take care of each other by sharing information and research even if it is as simple as reading a piece of new or article to discovering something new.

I bet some of the people here were tricked into thinking that zcoin is zcash. The questionable thing that the zcoin founders did is they are posing as if they have created the zcoin protocol by posting the testimonials of the known people of the cryptosphere. That is very clever of them and that makes it look fishy for me.

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September 22, 2016, 08:04:04 AM
 #25

I'm confused.
I can't find any note, that there will be an ICO for Zcoin.
Zcoin will launch the mainnet on september 28.
no word about any ICO.

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September 22, 2016, 10:09:03 AM
 #26

Warning : their presentation is deceiving :
they replaced zerocash by zerocoin in the publications papers from zerocash team:
Proof:
the counterfeited one :

http://zerocoin.org/media/pdf/ZerocoinOakland.pdf

to be compared to the original one:
https://cs.jhu.edu/~cgarman/files/ZerocashOakland14.pdf
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September 22, 2016, 01:56:35 PM
 #27

And here is the next scam!
Welcome to the next pump and dump party!
How many anonymous coins do we need by the way?
I think there more than enough available people can choose from.
This here is just another get rich quick scheme for the issuer and devs.
So beware!

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September 23, 2016, 01:36:33 AM
 #28

I'm confused.
I can't find any note, that there will be an ICO for Zcoin.
Zcoin will launch the mainnet on september 28.
no word about any ICO.



There is no ICO for this coin but you should still be careful because zcoin uses the "trusted set up". There is already a debate going on about how bad this is for the coin, zcash where it is cloned from. Please do your research on the "trusted set up" before attempting to be involved with this coin. With the trusted set up, it means the people who hold the keys could connive and play the role of central bank.

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September 23, 2016, 05:07:18 AM
 #29

This guy thegenesisblock sure does love zcoin. Funny how he goes from "just discovering it" to having pagefuls of text to say about it. A shame that the pagefuls are always the exact same text.
 








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September 23, 2016, 05:48:53 AM
 #30

any information on mining zcoin? 5 days left till its launch and I can't see any cpu/gpu miner out there..
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September 24, 2016, 12:30:39 AM
 #31

The miner is built into the wallet, from what I understand.
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September 24, 2016, 02:24:52 AM
 #32

The miner is built into the wallet, from what I understand.

It's good if you understand what you have built.

Now gtfo scammer.
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September 24, 2016, 06:53:45 AM
 #33

When I saw Zcoin what I have in my brain was Zcash, even before Zcash was launch we already have a lookalike, alot of us are expecting Zcash too what differentiate Zcoin from Zcash

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Amitabh S
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October 03, 2016, 08:07:18 AM
 #34

Interesting.. Is this related to Zcash? Who is behind this project? Which exchanges have decided to offer it (if any)?


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October 03, 2016, 08:33:41 AM
 #35

Warning : their presentation is deceiving :
they replaced zerocash by zerocoin in the publications papers from zerocash team:
Proof:
the counterfeited one :

http://zerocoin.org/media/pdf/ZerocoinOakland.pdf

to be compared to the original one:
https://cs.jhu.edu/~cgarman/files/ZerocashOakland14.pdf

How can you say this is a proof. Do you think they are copy and paste?

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October 03, 2016, 01:40:00 PM
 #36

Interesting.. Is this related to Zcash? Who is behind this project? Which exchanges have decided to offer it (if any)?



https://letstalkbitcoin.com/blog/post/the-crypto-show-with-gary-le-of-zcoin


Here is interview with lead developer.

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October 03, 2016, 01:56:16 PM
 #37

I'm confused.
I can't find any note, that there will be an ICO for Zcoin.
Zcoin will launch the mainnet on september 28.
no word about any ICO.



There is no ICO for this coin but you should still be careful because zcoin uses the "trusted set up". There is already a debate going on about how bad this is for the coin, zcash where it is cloned from. Please do your research on the "trusted set up" before attempting to be involved with this coin. With the trusted set up, it means the people who hold the keys could connive and play the role of central bank.

what is trusted set up?, the only concern i have is the huge premine they have for this coin, and that the coin is heavily centralized from what ic an tell other than that i like the algo and everything else
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October 03, 2016, 03:09:07 PM
 #38

If ZCoin will offer full anonymity, then it can have future. Currently only Monero offers something similar, so no strong competition in fact.  Grin
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October 03, 2016, 05:48:45 PM
 #39

Interesting.. Is this related to Zcash?

No.


Who is behind this project?

The same people that were behind this P&D:
https://bitcointalk.org/index.php?topic=846471.0
https://bitcointalk.org/index.php?topic=847586.0;all
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November 01, 2016, 10:27:20 AM
 #40

I'm confused.
I can't find any note, that there will be an ICO for Zcoin.
Zcoin will launch the mainnet on september 28.
no word about any ICO.



There is no ICO for this coin but you should still be careful because zcoin uses the "trusted set up". There is already a debate going on about how bad this is for the coin, zcash where it is cloned from. Please do your research on the "trusted set up" before attempting to be involved with this coin. With the trusted set up, it means the people who hold the keys could connive and play the role of central bank.

what is trusted set up?, the only concern i have is the huge premine they have for this coin, and that the coin is heavily centralized from what ic an tell other than that i like the algo and everything else

Zcoin is NOT a clone of Zcash. This has been explained countless times and based on different papers altogether and being promoted by people who don't know what they're talking about. The trusted setup in Zcoin and Zcash are also different and a trustless mechanism is being worked on.
https://github.com/zcoinofficial/zcoin/wiki/Parameters-in-set-up-phase-for-Zerocoin-in-ZCoin

There is also further no premine, just a founder's reward spread over 4 years. These are very different.

Zcoin uses Zerocoin technology from the Zerocoin paper. This is a very well peer reviewed paper with over 200 citations.

Zcash instead uses the Zerocash paper.

Although Zerocash is a development from Zerocoin meant to address certain perceived shortcomings of Zerocoin, they are not simple forks of each other and rely on different protocols.

Zerocash was meant to improve on Zerocoin on these issues:
a) Zerocoin still requires a basecoin to convert back before being allowed to spend. Zerocash has no more basecoin
b) Zerocash's proofs are much more efficient and smaller than Zerocoin's
c) Zerocoin uses fixed denominations to mint (1, 25, 50, 100) while Zerocash is not subject to such limitations
d) Greater privacy with Zerocash since sender/receiver/amount are all obscured.

However Zerocoin's advantage over Zerocash are as follows:
a) While still retaining the basecoin and a lot of the Bitcoin core code, it is a lot easier to integrate to existing Bitcoin merchants/etc.
b) Although Zerocoin's proofs are larger and occupies more storage space, the computational requirements to generate a private transaction are many times faster. Zcash requires large amounts of RAM and minutes of computational time. Zerocoin requires seconds to use and is not memory intensive. Basically Zerocoin uses more storage space but is computationally much less intensive.
c) Parameter generation for both Zcoin and Zcash requires a trusted setup but Zcoin's parameters are arguably less controversial. (https://github.com/zcoinofficial/zcoin/wiki/Parameters-in-set-up-phase-for-Zerocoin-in-ZCoin). A zero trust parameter setup is also within our roadmap.
d) Most importantly is that in Zcoin, total supply is still visible so if there's a flaw and someone is secretly creating coins for themselves, this can be much more easily detected. With Zcash, if a flaw is exploited, it may be almost impossible to detect as someone can mint coins for themselves without being detected.
e) Zerocoin's tech is much more reviewed and better understood than Zcash's. Zcash's use of zero knowledge proofs uses ZK-Snarks is much more experimental and only a handful of people understand it.

You may also read more at the blog post here http://blog.zcoin.tech/zcoin-and-zcash/

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