[ANN] Firo (FIRO) - Implementing ZKP privacy without trusted setup

[AizenSou]

aCAgTPgtYcA4EysU4UKC86EQd5cTtHtCcr - Received   19,994.0 XZC - Sent   0.0 XZC
aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR - Received   21,253.99 XZC - Sent   16,103.99 XZC
aQ18FBVFtnueucZKeVg4srhmzbpAeb1KoN - Received   19,994.0 XZC - Sent   5,908.0 XZC
a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3 - Received   37,669.7 XZC - Sent   32,537.7 XZC
a1kCCGddf5pMXSipLVD9hBG2MGGVNaJ15U - Received   24,526.5 XZC - Sent   5,094.0 XZC

So, close to block 10000, total dev/investor tax is about 100k XZC, or 20k per address. Of the five dev/investor addresses, one has moved nothing, two have sent 25%, and two have sent 75%, more or less (since some have obviously received funds besides those from the tax.

The founder' rewards is 20% per block, nothing more. If a founder' wallet got more than 20k XZC right now, then it doesn't come from founder' tax but their own money. U can't do the simple analysis by reading only the outgoing tx of a wallet and said they dumped that part.

AFAIK, 2 founder's wallets don't dump any. The one with heaviest dumping activity is aLrg41sXbXZc5MyEj7dts8upZKSAtJmRDR and a1HwTdCmQV3NspP2QqCGpehoFpi8NY4Zg3

I'm contacting the team to publish more infos about it. They will *have to* do it otherwise they will lose all the confidence of investors. The market price reflects that fact right now.

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[adaseb]

Yikes, didn't realize it was this bad

[lukax8]

I have just installed the wallet on a small pc arm cortex a8 (allwinner a10) and it works! 

[sanas]

I think that may be rebound from about 0,00035 BTC. And then further fall.

[derrend]

...Zeroknowledge coins require a "trusted set up". We need to be absolutely sure we can trust whoever set it up...

From the first paragraph of the Zcoin section:

Since monetary inflation of any kind would be detected immediately this also mitigates any trust issues during initial setup.

[drays]

...Zeroknowledge coins require a "trusted set up". We need to be absolutely sure we can trust whoever set it up...

From the first paragraph of the Zcoin section:

Since monetary inflation of any kind would be detected immediately this also mitigates any trust issues during initial setup.

Exactly!

Also see this (http://zerocoin.org/q_and_a)

Q.Could you put a backdoor in it?

A.Not covertly. The paper has a provably secure protocol in it which is anonymous (technical note: anonymity holds even if the trusted set up is screwed with, so no that’s not a backdoor), so absent modifications there is no way to track users. The software will be open source and so any attempt to modify the protocol by inserting a backdoor would be rather obvious.

Trusted setup is absolutely necessary in case of ZeroCash implementation, buy not in ZeroCoin. In this aspect ZCoin is superior to ZCash.

[adhitthana]

...Zeroknowledge coins require a "trusted set up". We need to be absolutely sure we can trust whoever set it up...

From the first paragraph of the Zcoin section:

Since monetary inflation of any kind would be detected immediately this also mitigates any trust issues during initial setup.

Thanks..I guess I am wrong about that then

[Gash]

Both zcoin and zcash have infinite room to plummet as theyre intercorrelated a bit and have a similar niche in these markets since most of the hype comes from the same loudly screaming folks who dont see a difference between both names.

[Daniko7]

New mtp updates has been pushed to github:   

https://github.com/zcoinofficial/mtp

[Zer0Sum]

New mtp updates has been pushed to github:  

https://github.com/zcoinofficial/mtp

Nice 50% move in XZC on tiny volume...
But I assume this still needs a hard fork down the line.

[zcoinofficial]

OCMiner, why did xzc confirmations slow down so much??

I had mined xzc on suprnova and the xzc confirmation was too low . it's over 24hours but no any confirmations.
Please check it now Ocminer. Thanks

Sorry there is nothing I can do about confirmations, they are set by the coin/network.

Thanks for the info. So we need an answer from the zcoin team.

This is just as a result of the miners dropping out and the network readjusting. It's using the same setup as Bitcoin.
Make sure u're using the right block explorer:
https://chainz.cryptoid.info/xzc/ which shows regular confirmations roughly every 10 minutes so the network is fine.

[zcoinofficial]

Hello all, i'm new to mining, i want to ask you something. If I want to mine with the built in wallet miner I must wait the wallet to get sync or I can start right now?

The other miners may be more optimized
https://github.com/Optiminer/cpuminer-xzc

[zcoinofficial]

New mtp updates has been pushed to github:   

https://github.com/zcoinofficial/mtp

Yup, Poramin is working super hard to get this done. Some of the issues that is holding back faster implementation is that Argon is written in C but Bitcoin is in C++.

[zcoinofficial]

Is the 20% dev tax activated now? Are the addresses where those funds go public (without looking into the source code)? Devs hodling or dumping with miners?

has been from the start.
these addresses are available to view in any zcoin block explorer.

zcoin is just a clone of moneta, which was a clone of zerovert.
i'm guessing the original dev of zerovert (who does deserve props for actually writing the first coin to utilize libzerocoin) wasn't happy with the profit so he triple dipped.

roger ver is across 95% of this too; search his name and moneta/zerovert on google.

i've got to say guys, all of this can be discovered by exercising your personal right to think for yourself.

Depends how you describe 'clone'. Zerovert, Moneta/Zcoin are all by Poramin anyway.

Zerovert (closed source and had huge performance issues) and was rejected by the Vertcoin community. This was not investor backed and as a result he did not want his work to be cloned but it was a chicken and egg scenario since to gain credibility you need to opensource it. (https://github.com/zcoinofficial/zcoin/wiki/FUD check here for more details)
Moneta (never launched, it was launched as Zcoin).

So it's basically Zerovert > Moneta/Zcoin.
Roger Ver invested when it was named Moneta. When Moneta was launched it was launched as Zcoin.

The priority right now is to finish MTP development and build up our team. Poramin is a very hard working core dev as can be evidenced from the github progress although he is facing some serious family health matters which required him to be away for a week or so but his focus has to be on core dev, rather than the other supplementary portions which are also very important such as GUI, pool software and mining software which is why we are trying to outsource this work while looking for more devs to join us on board. We suspect this would only happen when people recognize that we're not a Zcash fork, that we're here to stay and that our team is serious in making this a long term project which time will be the judge of that.

Note we're only 2+ months old and launched with our core features in a working condition which is more that can be said about many other projects with much more substantial investments so that I believe speaks for itself in deciding whether our launch was rushed.

[zcoinofficial]

5 December 2016
Poramin is now working on Step 5 out of 10 for implementation of MTP. Latest commit can be seen here (https://github.com/zcoinofficial/mtp/commit/28fb82a815f0e860957fd69a52f01b2b6d7c1220)

[ERossin]

5 December 2016
Poramin is now working on Step 5 out of 10 for implementation of MTP. Latest commit can be seen here (https://github.com/zcoinofficial/mtp/commit/28fb82a815f0e860957fd69a52f01b2b6d7c1220)

that is great to hear Dev working on MTP . we need more time to finish this algo.
I'm still waiting for news about MTP finishing and buy some xzc coins for cold storage

[tomsmith26]

5 December 2016
Poramin is now working on Step 5 out of 10 for implementation of MTP. Latest commit can be seen here (https://github.com/zcoinofficial/mtp/commit/28fb82a815f0e860957fd69a52f01b2b6d7c1220)

it sounds interesting, dev. I'm looking at price and will have a decision of buy wall.
Thanks Dev.

[zcoinofficial]

Thanks for the support. Do note that Step 6 is particularly tricky so just a little heads up on that it may take a longer time compared to the other steps.

Step 5 should be completed soon.

[*Sakura*]

Where can I see full tech parameters of XZC?

[ERossin]

Thanks for the support. Do note that Step 6 is particularly tricky so just a little heads up on that it may take a longer time compared to the other steps.

Step 5 should be completed soon.

yes, I see the price is rising up . That is good signal. I will buy some coins