[ANN] [ZOI] Zoin - Zerocoin based privacy - CPU - No founder's reward - 0.8.7.4

[matejbilahora]

Wallet just decided to overwrite wallet.dat with empty one! Nice.. No backup.dat!
Also chain is reindexing all the time.
My coins are now lost forever.

What wallet version do you use?

https://github.com/zoin/zoin/releases/download/v0.8.7.2/zoin-0.8.7.2-win.zip

Strange, my wallet just sync and everything is just fine.

[kamikaza]

Dear Zoin team,

Good too see a new coin joining the market! Question will what are you future plans? Will there be a updated and more developed website in the future (including social media)?

[matejbilahora]

Dear Zoin team,

Good too see a new coin joining the market! Question will what are you future plans? Will there be a updated and more developed website in the future (including social media)?

Simple website in creation, also Slack will be created.

[kamikaza]

Hi,

I would gladly receive some free zoin coin. my adress is ZVQboJd5y3FUUYr3wEvA5PUz1zeRTV5itJ


Thanks,

Kamikaza

[robelneo]

Hello
I would like to mine Zerocoin but I'm getting error I have seen the post on #434 but it seems my file is not complete I don't have some of files mention on post #427

Can you send me to the right miner file.

[HoteiLife]

Hi,

I would gladly receive some free zoin coin. my adress is ZVQboJd5y3FUUYr3wEvA5PUz1zeRTV5itJ


Thanks,

Kamikaza

I sent you 0.9999 anonymous ZOI to test. Here is the transaction:
https://chainz.cryptoid.info/zoi/tx.dws?0920b5f1de6bc413da5c86f47d15729964c3bc65c83f82a486f2be62cb344d10.htm

If you trace it back to the previous one you find a transaction with a zerocoin source, no connection to any other ZOI. Brand new ZOI from nowhere:
https://chainz.cryptoid.info/zoi/tx.dws?238a508eb79e3f2fbb3841bc057787905fd5c7ec1b8bc60b95458f857ae79cb2.htm

If I didn't mention it here it would be unknown who that ZOI came from. Very cool feature.

Assumes of course that zerocoin mint and zerocoin spend really are unlinkable. Not sure how they work.

Does anyone know how this relates to quantum computing? At some point quantum computers will break much cryptography. Will zerocoin transactions remain unlinkable then or will they be breakable by quantum computers?

[dfox101]

Can someone explain to me what is the "Zerocoin" menu in the client for? Can we mint zerocoin, is it another coin?

[szachta]

Mint zerocoin is useles function, paying fee to send coin nowhere.

[marseille]

Also dev what's the difference between lyra2 and lyra2-zoin? why create a different flavor? When I check the Lyra2 code, I don't see any differences though.

[dfox101]

Mint zerocoin is useles function, paying fee to send coin nowhere.

then why it is there??

[matejbilahora]

Also dev what's the difference between lyra2 and lyra2-zoin? why create a different flavor? When I check the Lyra2 code, I don't see any differences though.

Well I have to ask if you people can read, and if yes can you think about what you see on monitor? This coin is based on Zcoin, which is using Lyra2rev2 algo, it is different than Lyra2, you can not mine it using Lyra2.

[alexa10]

73 hs profit a day?

[matejbilahora]

73 hs profit a day?

The calculation is difficult, better to try and see what results you get.

[marseille]

Also dev what's the difference between lyra2 and lyra2-zoin? why create a different flavor? When I check the Lyra2 code, I don't see any differences though.

Well I have to ask if you people can read, and if yes can you think about what you see on monitor? This coin is based on Zcoin, which is using Lyra2rev2 algo, it is different than Lyra2, you can not mine it using Lyra2.

Are you stupid or simply don't know how to talk?? I know this coin is based on Zcoin, my question is why Zoin don't use the same algo as Zcoin so that Zcoin's miner will work? Why we have to create a different miner for Zoin (cpuminer-zoin)?

[matejbilahora]

Also dev what's the difference between lyra2 and lyra2-zoin? why create a different flavor? When I check the Lyra2 code, I don't see any differences though.

Well I have to ask if you people can read, and if yes can you think about what you see on monitor? This coin is based on Zcoin, which is using Lyra2rev2 algo, it is different than Lyra2, you can not mine it using Lyra2.

Are you stupid or simply don't know how to talk?? I know this coin is based on Zcoin, my question is why Zoin don't use the same algo as Zcoin so that Zcoin's miner will work? Why we have to create a different miner for Zoin (cpuminer-zoin)?

Well first of all I did not attacked you as you attacked me. The second thing is if you read about Lyra2 and Lyra2rev2 and this algo you can not mine this coin with one and the same miner, each has its own settings. So there you need different miner.

[HoteiLife]

Can someone explain to me what is the "Zerocoin" menu in the client for? Can we mint zerocoin, is it another coin?

It's a financial privacy feature. Core feature of the zerocoin protocol zoin is based on. Someone described it here:

It will mint a new single coin that comes from nowhere. It's a 0. Transaction coin
It has a transaction fee of .001 and you have to have one to mint it...
It is how you make untraceable transactions

The idea is you can mint a zerocoin which costs some amount of the normal currency (here zoin). The later you spend that zerocoin and receive some normal currency back, to a brand new different address that has never been used before. The mint operation and the spend operation are supposed to be unlinkable. Meaning you end up with new currency that has no history. It's completely anonymous and not connected to any of your previous transactions. Normally all your spends are connected to previous receives and anyone can follow the whole chain.

If it works as advertised you can use it to keep your block chain transactions anonymous.

[dfox101]

Can someone explain to me what is the "Zerocoin" menu in the client for? Can we mint zerocoin, is it another coin?

It's a financial privacy feature. Core feature of the zerocoin protocol zoin is based on. Someone described it here:

It will mint a new single coin that comes from nowhere. It's a 0. Transaction coin
It has a transaction fee of .001 and you have to have one to mint it...
It is how you make untraceable transactions

The idea is you can mint a zerocoin which costs some amount of the normal currency (here zoin). The later you spend that zerocoin and receive some normal currency back, to a brand new different address that has never been used before. The mint operation and the spend operation are supposed to be unlinkable. Meaning you end up with new currency that has no history. It's completely anonymous and not connected to any of your previous transactions. Normally all your spends are connected to previous receives and anyone can follow the whole chain.

If it works as advertised you can use it to keep your block chain transactions anonymous.

This is cool, thanks a lot for the information.

[matejbilahora]

Can someone explain to me what is the "Zerocoin" menu in the client for? Can we mint zerocoin, is it another coin?

It's a financial privacy feature. Core feature of the zerocoin protocol zoin is based on. Someone described it here:

It will mint a new single coin that comes from nowhere. It's a 0. Transaction coin
It has a transaction fee of .001 and you have to have one to mint it...
It is how you make untraceable transactions

The idea is you can mint a zerocoin which costs some amount of the normal currency (here zoin). The later you spend that zerocoin and receive some normal currency back, to a brand new different address that has never been used before. The mint operation and the spend operation are supposed to be unlinkable. Meaning you end up with new currency that has no history. It's completely anonymous and not connected to any of your previous transactions. Normally all your spends are connected to previous receives and anyone can follow the whole chain.

If it works as advertised you can use it to keep your block chain transactions anonymous.

Well if this is really true, Zoin could get on darknet and there the price could climb high. Did anyone test it already?

[matejbilahora]

Can someone explain to me what is the "Zerocoin" menu in the client for? Can we mint zerocoin, is it another coin?

It's a financial privacy feature. Core feature of the zerocoin protocol zoin is based on. Someone described it here:

It will mint a new single coin that comes from nowhere. It's a 0. Transaction coin
It has a transaction fee of .001 and you have to have one to mint it...
It is how you make untraceable transactions

The idea is you can mint a zerocoin which costs some amount of the normal currency (here zoin). The later you spend that zerocoin and receive some normal currency back, to a brand  DO NOT POST SESC LINKS new different address that has never been used before. The mint operation and the spend operation are supposed to be unlinkable. Meaning you end up with new currency that has no history. It's completely anonymous and not connected to any of your previous transactions. Normally all your spends are connected to previous receives and anyone can follow the whole chain.

If it works as advertised you can use it to keep your block chain transactions anonymous.

Well if this is really true, Zoin could get on darknet and there the price could climb high. Did anyone test it already?

Tested.
Feeling the pain creating only 1 zerocoin at time.
Is there any solution for this?

So good thing is it works, can some other confirm it? Well dev could make new wallet with better minting solution.

[HoteiLife]

I tested above, sent one anonymous coin to kamikaza.
https://bitcointalk.org/index.php?topic=1671060.msg16869434#msg16869434

Feeling the pain creating only 1 zerocoin at time.
Is there any solution for this?

Didn't see a way in the GUI but it could be done through the RPC. Think you also have to use RPC right now for anonymous send, otherwise it can come from any of your addresses. You have to restrict it carefully to only the address you received back to after redeeming zerocoin. Other addresses are linked to your previous receives so not anonymous. I did it manually on command line in my test.

Probably these things will be added to GUI over time