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Author Topic: [ANN] Zcoin (XZC) - Implementing Zerocoin technology for financial privacy  (Read 250249 times)
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October 10, 2016, 11:34:21 AM
 #261

After sync, wallet always stuck on the same number of blocks. What to do?
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October 10, 2016, 12:46:43 PM
 #262

Can someone write what is the best processor / server for mining this coin?
apurvslam
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October 10, 2016, 01:36:29 PM
 #263

READ THIS CAREFULLY BEFORE HOPPING ON BOARD THE HYPE.


If you don't know already Gary and Poramin are the two devs leading this project. There is some good momentum building up as more and more people are become interested.
I too have been quite enthusiastic about the coin. Hell, I have been spreading the word days before it even launched, as seen here.
https://bitcointalk.org/index.php?topic=895020.msg16331329#msg16331329

But a reply from a dev in the vertcoin thread which he later deleted made me look into it a bit deeper.
https://bitcointalk.org/index.php?topic=895020.msg16332895#msg16332895


I wonder how many of you know that Vertcoin creator Poramin Insom is coming up with a Zerocash competitor which is going to be launched very soon.

https://news.bitcoin.com/zero-knowledge-zcoin-launching-soon/    
http://zcoin.tech/about.html

There is a possibility of zerocoin implementation on vertcoin via sidechains as hinted by him earlier.
https://bitcointalk.org/index.php?topic=404364.msg9632734#msg9632734

No wonder this coin has been under accumulation for so long!

In before polo troll box gets a whiff of this. Wink




Poramin did create vertcoin, but he also created a few other coins that had huge premines and we're deemed scams . He also was caught doing so pretty shady stuff . He was more or less asked to leave vertcoin or pushed out



As you can see etang6000, who is leading the vertcoin project now had this to say about Poramin :
"Poramin did create vertcoin, but he also created a few other coins that had huge premines and we're deemed scams . He also was caught doing so pretty shady stuff . He was more or less asked to leave vertcoin or pushed out"



This worried me and I started to dig up further and came aross this AMA from Gary from 2015

https://forum.bitcoin.com/ama-ask-me-anything/i-m-gary-le-co-founder-of-moneta-the-world-s-first-implementation-of-zerocoin-ama-t2408.html
I highly recommend going through the entire AMA.


There has been a lot of accusations floating around them.



They created Zerovert coin back in late 2014 and just when it hit some major exchanges a huge premine dumping took place and the devs never replied in that thread ever again.

https://forum.bitcoin.com/ama-ask-me-anything/i-m-gary-le-co-founder-of-moneta-the-world-s-first-implementation-of-zerocoin-ama-t2408.html#p7037

https://bitcointalk.org/index.php?topic=846471.0














Zcoin is just rebranding for their other project by the name of Moneta.

https://news.bitcoin.com/first-implementation-zerocoin-released-introducing-moneta/

They took their old code just renamed it as close as possible to Zcash and launched exactly a month before Zcash's launch to get the most juice out of their rusting project.

There has been zero github activity for moneta in over a year
https://github.com/zebbra2014/moneta/graphs/contributors

Github activity as compared to Zcash https://twitter.com/dmfay89/status/779368584086626304
For those saying the devs will correct the faulty codebase in due time ,well they had over a year to fix it and they did nothing
.








Gary has had some other serious accusations thrown at him to which he never gave a clear reply.

https://web.archive.org/web/20141016203212/http://blog.kevinzhang.me/posts/tracking-down-gary-le-the-thiel-fellow-and-dartmouth-dropout-who-tried-to-impersonate-me-an-encore.html
https://forum.bitcoin.com/ama-ask-me-anything/i-m-gary-le-co-founder-of-moneta-the-world-s-first-implementation-of-zerocoin-ama-t2408.html#p7140








So basically the devs have had a history of dumping and abandoning projects and nefarious behavior.
Bittrex and other major exchanges are well aware of it and would be hesitant to list it anytime soon
.



Sincerely hope Zcoin is going to be different than their other coins and it works out for all of it's supporters but due diligence is warranted.

“First they ignore you, then they ridicule you, then they fight you, and then you win.” -Mahatma Gandhi
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October 10, 2016, 01:52:01 PM
 #264

READ THIS CAREFULLY BEFORE HOPPING ON BOARD THE HYPE.


If you don't know already Gary and Poramin are the two devs leading this project. There is some good momentum building up as more and more people are become interested.
I too have been quite enthusiastic about the coin. Hell, I have been spreading the word days before it even launched, as seen here.
https://bitcointalk.org/index.php?topic=895020.msg16331329#msg16331329

But a reply from a dev in the vertcoin thread which he later deleted made me look into it a bit deeper.
https://bitcointalk.org/index.php?topic=895020.msg16332895#msg16332895


I wonder how many of you know that Vertcoin creator Poramin Insom is coming up with a Zerocash competitor which is going to be launched very soon.

https://news.bitcoin.com/zero-knowledge-zcoin-launching-soon/    
http://zcoin.tech/about.html

There is a possibility of zerocoin implementation on vertcoin via sidechains as hinted by him earlier.
https://bitcointalk.org/index.php?topic=404364.msg9632734#msg9632734

No wonder this coin has been under accumulation for so long!

In before polo troll box gets a whiff of this. Wink




Poramin did create vertcoin, but he also created a few other coins that had huge premines and we're deemed scams . He also was caught doing so pretty shady stuff . He was more or less asked to leave vertcoin or pushed out



As you can see etang6000, who is leading the vertcoin project now had this to say about Poramin :
"Poramin did create vertcoin, but he also created a few other coins that had huge premines and we're deemed scams . He also was caught doing so pretty shady stuff . He was more or less asked to leave vertcoin or pushed out"



This worried me and I started to dig up further and came aross this AMA from Gary from 2015

https://forum.bitcoin.com/ama-ask-me-anything/i-m-gary-le-co-founder-of-moneta-the-world-s-first-implementation-of-zerocoin-ama-t2408.html
I highly recommend going through the entire AMA.


There has been a lot of accusations floating around them.



They created Zerovert coin back in late 2014 and just when it hit some major exchanges a huge premine dumping took place and the devs never replied in that thread ever again.

https://forum.bitcoin.com/ama-ask-me-anything/i-m-gary-le-co-founder-of-moneta-the-world-s-first-implementation-of-zerocoin-ama-t2408.html#p7037

https://bitcointalk.org/index.php?topic=846471.0














Zcoin is just rebranding for their other project by the name of Moneta.

https://news.bitcoin.com/first-implementation-zerocoin-released-introducing-moneta/

They took their old code just renamed it as close as possible to Zcash and launched exactly a month before Zcash's launch to get the most juice out of their rusting project.

There has been zero github activity for moneta in over a year
https://github.com/zebbra2014/moneta/graphs/contributors

Github activity as compared to Zcash https://twitter.com/dmfay89/status/779368584086626304
For those saying the devs will correct the faulty codebase in due time ,well they had over a year to fix it and they did nothing
.








Gary has had some other serious accusations thrown at him to which he never gave a clear reply.

https://web.archive.org/web/20141016203212/http://blog.kevinzhang.me/posts/tracking-down-gary-le-the-thiel-fellow-and-dartmouth-dropout-who-tried-to-impersonate-me-an-encore.html
https://forum.bitcoin.com/ama-ask-me-anything/i-m-gary-le-co-founder-of-moneta-the-world-s-first-implementation-of-zerocoin-ama-t2408.html#p7140








So basically the devs have had a history of dumping and abandoning projects and nefarious behavior.
Bittrex and other major exchanges are well aware of it and would be hesitant to list it anytime soon
.



Sincerely hope Zcoin is going to be different than their other coins and it works out for all of it's supporters but due diligence is warranted.

I see it as a SHOCKING POST!
I preffer ZCash.
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October 10, 2016, 02:14:09 PM
 #265


Hey that's me! Cheesy

Seriously though, based on that web archive article Gary Le seems like a pretty scummy bag, and Poramin was too busy launching closed source pump and dump scam coins to keep working on Vertcoin (which according to devtome article was instamined pretty badly too). Not sure why anyone would trust this dynamic duo with a coin that requires a trusted setup.

Plus they're using the first iteration of the technology, zerocoin, that was developed in part by Poramin's former professor Matthew Green, while zerocash will use the more recent iteration, zerocash (and has Matthew Green listed as a contributor, who actually has a reputation to be put on the line, not too mention Zooko et al.). I wouldn't use zcash either, for issues related to trusted setup and opt-in privacy features, but given a choice between zcash and zcoin, there doesn't seem to be much choice at all.

I've saw a very better coin there in the forums, but I don't remember the name.
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October 10, 2016, 02:23:34 PM
 #266

inbefore "fuds for cheap coinz" "but but, but Roger posted"    Kiss
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October 10, 2016, 02:35:05 PM
 #267

Zcoin is just rebranding for their other project by the name of Moneta.

So? What's the deal with that? Dash is a rebrandig of DarkCoin, Monero is a rebranding of Bitmonero...

There has been zero github activity for moneta in over a year

And now it is active. Where is the problem?

The fact is that the coin works quite well.

FairCoin Faucet @ https://faircoin.xyz/
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October 10, 2016, 02:36:13 PM
 #268

And fud begin. lol.  Tongue
No more cheap zcoin, sorry.

EDIT: I bought a new car with vertcoin, so thanks poramin. and good luck with zcoin.
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October 10, 2016, 02:39:05 PM
 #269

Just FYI Poramin already responded to the allegations in Slack:



Concerning Moneta at least what he says is true, Moneta isn't a different project, it's the same project as ZCoin. Moneta was a testnet, not a live currency. It was renamed before launch.
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October 10, 2016, 02:44:16 PM
 #270

Regarding Zerovert:

Poramin from Slack:

when I released zerovert, at that time, we didn't have investor backup, so only our choice is closed source to make sure no other competitors at that time copy our code and create new coin. as a result, in cryptocurrency world, no one want to take close source software serious as you know. It doesn't go well, and we cannot publish the code either. another reason is the name zerovert, when I decided to use that name because I want the zerovert becomes part of Vertcoin's ecosystem. Turned out the Vert community itself, also doesn't buy that idea. last but not least, we found huge perfomance issue in zerovert for using zerocoin, if you think ZCoin slows during verify zerocoin spen transaction, zerovert event worse. That all the reasons, why we don't pursue zerovert, and looked for investor so we can opensource and use new name doesn't tight to any coins, and fixed performance problem.
PS: Someone said we dump our coin in exchanges, this is FUD, we are pretty sure that if you look at blockchain explorer at that time, we didn't event send that coins to exchange, and didn't sell to anyone, the amount is the same, we spent some to giveaway and translation, which is only small proportion.

Zcoin: Implementing Zerocoin technology for financial privacy
zcoin.io
BCT | Slack | Twitter | Reddit
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October 10, 2016, 02:44:18 PM
 #271

Zcoin is just rebranding for their other project by the name of Moneta.

So? What's the deal with that? Dash is a rebrandig of DarkCoin, Monero is a rebranding of Bitmonero...

There has been zero github activity for moneta in over a year

And now it is active. Where is the problem?

The fact is that the coin works quite well.


I think its a wrong quote, I don't remember I've said it.
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October 10, 2016, 02:54:38 PM
 #272

Quote
I think its a wrong quote, I don't remember I've said it.

Sorry, it was @apurvslam. Wrong quotation code Wink

FairCoin Faucet @ https://faircoin.xyz/
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October 10, 2016, 02:54:48 PM
 #273

https://xzc.suprnova.cc/ is out .

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October 10, 2016, 02:55:35 PM
 #274

People asking about major problems with the wallet .............................. crickets
pool operators reporting major problems with the algo implementation .............................. crickets
miner devs reporting a time bomb where mining will stop .............................. crickets

alleged fud citing sources and prior shady projects .............................. crickets I HERE I LEGIT I LOVE YOU LONG TIME
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October 10, 2016, 02:57:15 PM
 #275


The stratum is up. Only the web site is down

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October 10, 2016, 02:58:53 PM
 #276


The stratum is up. Only the web site is down
yes,stratum is up.
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October 10, 2016, 02:59:26 PM
 #277

In SHORT, this is a scam coin.
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October 10, 2016, 03:07:01 PM
 #278


And the web is up now too. No downtime for miners.

FairCoin Faucet @ https://faircoin.xyz/
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October 10, 2016, 03:08:08 PM
 #279

At pool last block 2394, miner show 2417 Huh
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October 10, 2016, 03:10:47 PM
 #280

I thought Moneta used ring signatures...  Zcoin is different, yes?

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