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

[CryptoRambler]

Can somebody explain why the founder address was swapped by a new one? Is poramin getting double the reward now?

I actually think Poramin deserves it! Lol

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[Gandalf86]

In fact this is a pretty interesting case of value making in cryptocurrencies. Theoretically, forking one chain into two would not significantly affect the value of either chain, so that the overall value has doubled, which is paradoxical! I love this.

The best way to profit from this situation is to keep your coins in your local wallet, and install both wallets - your private keys are the same, so you can just copy your wallet.dat. The fundamentals have not changed, except that we have two different developers now, one of which has a lot of skill, and the other has a lot of money from tricking people. Both factors can make each project successful, even if they are not working together.

Essentially, you will have your balance in both chains simultaneously, and independently after the fork happened. If you still have them on exchanges at that point, your coins will only belong to the chain the exchange chooses for you.

[jwinterm]

In fact this is a pretty interesting case of value making in cryptocurrencies. Theoretically, forking one chain into two would not significantly affect the value of either chain, so that the overall value has doubled, which is paradoxical! I love this.
...

I don't think this is the case at all. For a proof-of-work coin, much of the value is derived from the security of the network - i.e., the hashrate. Since these two forks can't be mined at the same time, I would expect each fork to keep value approximately in proportion to it's hashrate, which I expect will go overwhelmingly to the Poramin fork.

[Gandalf86]

In fact this is a pretty interesting case of value making in cryptocurrencies. Theoretically, forking one chain into two would not significantly affect the value of either chain, so that the overall value has doubled, which is paradoxical! I love this.
...

I don't think this is the case at all. For a proof-of-work coin, much of the value is derived from the security of the network - i.e., the hashrate. Since these two forks can't be mined at the same time, I would expect each fork to keep value approximately in proportion to it's hashrate, which I expect will go overwhelmingly to the Poramin fork.

Yes, much of the value, not everything - there are also other aspects of trust and speculation that make the price of a coin. Somehow the overall value has still increased.

Also, security cannot be measured in a floating number, it is binary - is there someone who can break it, or not? It does not make sense to talk about "better security" if the coin with the lower hash rate can still not be broken - why would this affect the price then?

Thirdly, if Gary would use his money cashed out from XZC partly to pay a decent developer, who is as good as Poramin, then there would still be no fundamental differences, so why would people prefer either one? Just thinking theoretically here, I'm not defending Gary at all.

[logictense]

Value of a product comes from the willingness of a buyer, be it an entity or independent person, to put money on it, to pay for it with the aim to acquire an ownership of that product. Value will fade away and vanish if no money wants to buy the said product. This will make a product worthless in a sense that it will stop being worthy to possess. If either of the forks fails to get a support from the buyer's side it wont hold any value.

[strasboug]

I was read here https://coinmarketcap.com/currencies/zcoin/#social.

Zcoin forkv1 coming block 14000, make sure to replace/clone the new repo here asap: http://github.com/zcoinproject/zcoin … @BittrexExchange @nova_exchange


This is new version XZC wallet?
https://github.com/zcoinproject/zcoin
This is Poramin's version?

No. That is Gary Le version.

Rule of thumb:
 zcoinofficial = Poramin version
 zcoinproject = Gary Le version

There are two versions now?? I thought they are from the same team? Is it mean the dead for Zcoin? what happened to MTP or some new protocol/algorithm?

[logictense]

I was read here https://coinmarketcap.com/currencies/zcoin/#social.

Zcoin forkv1 coming block 14000, make sure to replace/clone the new repo here asap: http://github.com/zcoinproject/zcoin … @BittrexExchange @nova_exchange


This is new version XZC wallet?
https://github.com/zcoinproject/zcoin
This is Poramin's version?

No. That is Gary Le version.

Rule of thumb:
 zcoinofficial = Poramin version
 zcoinproject = Gary Le version

There are two versions now?? I thought they are from the same team? Is it mean the dead for Zcoin? what happened to MTP or some new protocol/algorithm?

Forking has become a typical pattern in these waters. Too bad I cant short this shit.

[zcoinofficial]

I was read here https://coinmarketcap.com/currencies/zcoin/#social.

Zcoin forkv1 coming block 14000, make sure to replace/clone the new repo here asap: http://github.com/zcoinproject/zcoin … @BittrexExchange @nova_exchange


This is new version XZC wallet?
https://github.com/zcoinproject/zcoin
This is Poramin's version?

No. That is Gary Le version.

Rule of thumb:
 zcoinofficial = Poramin version
 zcoinproject = Gary Le version

There are two versions now?? I thought they are from the same team? Is it mean the dead for Zcoin? what happened to MTP or some new protocol/algorithm?

Poramin from the funding of the new investor has enough funding to continue Zcoin development and hire additional help.

MTP development is still ongoing but development is currently focused on reducing the wallet load times.

Technically speaking, if you keep your wallet.dat, all your coins before block height 14000 will be recognised in both Gary and Poramins version but practically, the one that retain its value is the one the community supports.

Feel free to join us on Slack! http://invite.zcoin.finance:3000

[Basimon]

I have some xzc coins on Bittrex exchange. So these coins will be ok if it is poramin or gary version?
should I leave it on bittrex, ok? Thanks.

[tomsmith26]

I have some xzc coins on Bittrex exchange. So these coins will be ok if it is poramin or gary version?
should I leave it on bittrex, ok? Thanks.

I also wonder if I should leave it on Bittrex exchange or move it to my personal wallet?
where can download link for zcoin the same as bittrex version?

[ecawyna]

a little confused over poramin's coin n gary's coin. Hopefully after this mess, zcoin will have a good future.

[Goruno]

I will support Poramin's version. Please give me the link Poramin's official wallet for downloading now.
Thank you.

[doktor83]

This means that we need to change the miner application again ?

[irukandji]

del

[irukandji]

The fundamentals have not changed, except that we have two different developers now, one of which has a lot of skill, and the other has a lot of money from tricking people. Both factors can make each project successful, even if they are not working together.
.

What evidence is there that either developer tricked anyone and made money from it?

[zcoinofficial]

I will support Poramin's version. Please give me the link Poramin's official wallet for downloading now.
Thank you.

Still using the same Github here:
https://github.com/zcoinofficial/zcoin/releases

Thanks for the support!

This means that we need to change the miner application again ?

Nope, the miner applications should be unaffected. Only pool software needs to be updated.

a little confused over poramin's coin n gary's coin. Hopefully after this mess, zcoin will have a good future.

We will make an announcement on this once the fork has taken place. One of the reasons why we have been silent is that there's a lot of things going on behind the scenes that we need to wrap up before making any conclusive statements. I know this is frustrating as it seems that we are keeping everyone in the dark but it will become clear later why this is necessary.

However, in short Poramin will continue development of Zcoin regardless, as a new investor has been brought in to fund Poramin's development while all existing investors are retained and are agreeable to the new founder's reward distribution in Poramin's version.

Gary will no longer be a part of the project but it appears he may continue his own Zcoin fork while pulling code from Poramin's Github. He is however in control of the Twitter and Reddit accounts.

[zcoinofficial]

This is a message from our new investor Tim Lee:

Dear Community Members,

I'm Tim Lee, the new investor for the Zcoin project and from China. I feel honored having the chance to join Roger Ver and the other existing investors and will contribute my best to inject fresh vigor into this undertaking.

As everybody may be aware of, our community just passed through a rather turbulent and painful time. During this period, I went on a special trip to Thailand to meet up with our lead developer and co-founder, Poramin Insom.

Despite these external factors, I've spent a very productive week with Poramin, discussing long-term prospects and near-term objectives, as well as some exciting matters that will be disclosed at a later point.

The Zcoin project actually already has two-years of development behind it, and we believe that in terms of innovation and functionality it can easily be compared or even surpass other anoncoins, such as Monero, Dash and Zcash.

I also believe that considering the project's potential and benefits, the present price is still heavily underrated. As an investor, I share the same goal with you, hoping that Zcoin can achieve its full potential and I will do my best to support it in all aspects.

Finally, I also want to formally introduce Sebastian (@Sebsebzen), who will act as my investor relations representative. He will be responsible for communications with other investors, help coordinating promotion activities as well as assisting with other matters within his capabilities.

I hope that everyone will unite behind Zcoin and let us all work together to make this project a great success.

Best wishes and a Happy New Year!

社区的各位成员，大家好。

我是Tim，zcoin项目的新投资者，来自中国。很荣幸，能够跟roger ver先生等其他两位著名投资人一起，为这个项目注入活力。

如大家所知，我们的社区，刚刚经历了一场动荡和阵痛。而我在此期间，特意飞往泰国，跟我们天才开发者，项目创始人poramin先生，共同度过了难忘的一周，此行还有来自德国的Sebas先生，和我的伙伴。

尽管外部风波不断，我和poramin先生，却度过了此生难忘的一段美好时光。我们谈了项目的远景，各种规划，一系列目标，和一些不方便公开透露的美好事项。真的是激动人心。

作为一个已经低调开发了两年多的项目，我们一致认为: 截至目前，zcoin所取得的原创性开发成果，是完全可以跟xmr，dash，还有zcash等侧重匿名性开发的项目，相互媲美的。zcoin目前的价格、项目的优势与潜力，确实严重被低估了。

作为一名投资者，我和你们一样，都希望这个项目能够获得最大的成功，我将尽我所能，各方面帮助zcoin。
最后，本人在此，正式委托Sebas先生，作为我的投资代表，他将留在社区进行与其他投资人的沟通，运营推广指导，提供力所能及的服务与帮助。

希望大家能够团结起来，共同为这个项目的成功，尽自己的一些努力。

祝福zcoin，祝福大家

[shecarlin]

I wonder which zcoin is depending on Poramin's , Dev? and bittrex version is using poramin's version?
Please let me know to download xzc wallet. thanks

[Sebsebzen]

Hi guys!

[zcoinofficial]

I wonder which zcoin is depending on Poramin's , Dev? and bittrex version is using poramin's version?
Please let me know to download xzc wallet. thanks

Use this version. https://github.com/zcoinofficial/zcoin/releases

Bittrex version we will see once they have made a decision but we are positive.