[ANN] Ebitz - 237 BTC in 8 days - POS - Zero Knowledge Proof - Deep Web

[calkob]

You lost me at "PREMINE"

[robelneo]

Great update,only four days to go before the ICO and this is a great development,Ebitz is indeed a long term development and project there have been so many anonymous crypto currency but Ebitz is the one crypto currency that will stand out.

[Acidx]

Glad to see this kind of progress with all this partners supporting the proyect, dark markets and china promotion.

You lost me at "PREMINE"

5% is a really low amount, all the actual big projects take a lot more than 10-15%.

Don't forget zcash's 20% for 4 years...

[HomoHenning]

when you will decide if you are taking an escrow?

[cohnhead]

interesting project.
not too concerned about premine.
would be nice if escrow was set up in such a way as to pay specific amounts when specific milestones are achieved.

[Fuserleer]

Plus that, we want to develop new features on top of ebitz like thezerg said, the decentralized debit cards looks like a killer feature. But this is only want user suggestions, we are open to receive more feedback.

Mmmm no opinion, for me its the same with limit or not. Maybe someone have another opinion. But I want to add one point, there is an "almost dead" project called emunie, they were going to make decentralized debit cards: https://www.youtube.com/watch?v=lqE-7R8liMU If you can make something like this plus the tech behind zerocash and, even, integration with deep web markets this will be the hottest coin of the year.

The tech that thezerg comment is really disruptive, if we can combine that with zerocash anon would be amazing. Currently there is no coin with this type of technology, not even with bitcoin. This kind of cards will works without any central finance service.

Someone brought this to my attention so I thought I'd comment to try and prevent another fiasco

First of all, eMunie is FAR from dead...I don't post about it on here much anymore as I tend to get heavily trolled because the tech has taken a long time and I don't have the time for the noise, nor to explain to said trolls that true innovative tech actually takes real resources to develop.

Secondly, let me save the devs some time, effort and investor money.  If you are simply creating a ZCash clone that is operating on a block chain, please don't waste your effort attempting to develop decentralized debit cards....you will fail as it can't be done.  To achieve it required that we developed completely new ledger and consensus technology that was designed to support it within the protocol itself.

Some might say, "Of course he's going to say that"...Take heed, another project recently announced that they were going to do the same thing, failed and burned a load of investors.

[extrabyte]

when you will decide if you are taking an escrow?

interesting project.
not too concerned about premine.
would be nice if escrow was set up in such a way as to pay specific amounts when specific milestones are achieved.

Hi,

This weekend we will announce our final decision, but as we said before, if we finally decide to use an escrow we will work with SebastianJu. But for the nature of our project we dont feel 100% comfortable working with an escrow, so in our group. There are different views on this but this weekend we will announce here our decision.


Thanks samuraijin, cienki7 and qiwoman2 for the words, we are doing our best to make alliances before the starts. We expect to announce a few more during the campaign.

Bye

[cebb]

OP, stop using

Hi,

and

Bye

in your posts. waste of words IMO.

other than that nice project if you don't run away with those 500 BTC you are going to collect in <24 hrs of ICO starting.

[extrabyte]

Plus that, we want to develop new features on top of ebitz like thezerg said, the decentralized debit cards looks like a killer feature. But this is only want user suggestions, we are open to receive more feedback.

Mmmm no opinion, for me its the same with limit or not. Maybe someone have another opinion. But I want to add one point, there is an "almost dead" project called emunie, they were going to make decentralized debit cards: https://www.youtube.com/watch?v=lqE-7R8liMU If you can make something like this plus the tech behind zerocash and, even, integration with deep web markets this will be the hottest coin of the year.

The tech that thezerg comment is really disruptive, if we can combine that with zerocash anon would be amazing. Currently there is no coin with this type of technology, not even with bitcoin. This kind of cards will works without any central finance service.

Someone brought this to my attention so I thought I'd comment to try and prevent another fiasco

First of all, eMunie is FAR from dead...I don't post about it on here much anymore as I tend to get heavily trolled because the tech has taken a long time and I don't have the time for the noise, nor to explain to said trolls that true innovative tech actually takes real resources to develop.

Secondly, let me save the devs some time, effort and investor money.  If you are simply creating a ZCash clone that is operating on a block chain, please don't waste your effort attempting to develop decentralized debit cards....you will fail as it can't be done.  To achieve it required that we developed completely new ledger and consensus technology that was designed to support it within the protocol itself.

Some might say, "Of course he's going to say that"...Take heed, another project recently announced that they were going to do the same thing, failed and burned a load of investors.

Hi,

Welcome Fuserleer!, its great to see you here. Forgive the confusion, that is not our official opinion. It's just a suggestion from an user, but I will delete it from the "More info" post to avoid any confusion. Its nice to see that your project is healthy. Clarifying this, we hope that we can live in harmony both projects. It would be great to have a chat with you. Regarding the possibility or not of obtaining it (decentralized debit cards), we are not debating it since it is not an official objective for the moment. Maybe in the future.

You are more than welcome to stay here and participate.

Good luck with your project.

[Fuserleer]

Plus that, we want to develop new features on top of ebitz like thezerg said, the decentralized debit cards looks like a killer feature. But this is only want user suggestions, we are open to receive more feedback.

Mmmm no opinion, for me its the same with limit or not. Maybe someone have another opinion. But I want to add one point, there is an "almost dead" project called emunie, they were going to make decentralized debit cards: https://www.youtube.com/watch?v=lqE-7R8liMU If you can make something like this plus the tech behind zerocash and, even, integration with deep web markets this will be the hottest coin of the year.

The tech that thezerg comment is really disruptive, if we can combine that with zerocash anon would be amazing. Currently there is no coin with this type of technology, not even with bitcoin. This kind of cards will works without any central finance service.

Someone brought this to my attention so I thought I'd comment to try and prevent another fiasco

First of all, eMunie is FAR from dead...I don't post about it on here much anymore as I tend to get heavily trolled because the tech has taken a long time and I don't have the time for the noise, nor to explain to said trolls that true innovative tech actually takes real resources to develop.

Secondly, let me save the devs some time, effort and investor money.  If you are simply creating a ZCash clone that is operating on a block chain, please don't waste your effort attempting to develop decentralized debit cards....you will fail as it can't be done.  To achieve it required that we developed completely new ledger and consensus technology that was designed to support it within the protocol itself.

Some might say, "Of course he's going to say that"...Take heed, another project recently announced that they were going to do the same thing, failed and burned a load of investors.

Hi,

Welcome Fuserleer!, its great to see you here. Forgive the confusion, that is not our official opinion. It's just a suggestion from an user, but I will delete it from the "More info" post to avoid any confusion. Its nice to see that your project is healthy. Clarifying this, we hope that we can live in harmony both projects. It would be great to have a chat with you. Regarding the possibility or not of obtaining it (decentralized debit cards), we are not debating it since it is not an official objective for the moment. Maybe in the future.

You are more than welcome to stay here and participate.

Good luck with your project.

Hey thanks for the warm welcome!

There is nothing to forgive, I just wanted to offer my advice and experience so that everyone had the full facts and hopefully prevent any future issues for either you or your ICO investors.

I'm more than happy to have that conversation, but alas, I see no way that it is possible to achieve on a block chain as there are multiple issues that I don't believe there are solutions for.  If there were I'm confident I would have solved it long ago and we would already have decentralized debit cards available across all cryptos.

Adding further to the prevalent block chain issues is the matter of the zkSNARKS required for ZCash anonymity.  Creating them on a JCOP card, even the latest v3 ones, is just impossible...orders of magnitude short in terms of processing power and memory. 

It may be possible to offload the generation of them to the merchant EFTPOS terminals as they generally operate some flavor of embedded linux and have more processing power and memory than the cards, but I haven't investigated that at all as its not relevant for our project.  However, I would still bet that the chances of success being very slim or it taking far longer than the 5-10 seconds that customers would deem acceptable to wait.

Anyway, I'll keep an eye on this thread for any posts that I can positively contribute to and good luck with the project

[Cryptotraider16]

real interested....what % is pos!?

[Cryptotraider16]

real real interestedc coin...good

[P4ndoraBox]

Interested.

[TheKB]

Add to iconews.org.
http://www.iconews.org/ebitz-pos-ico/

Thanks

Please come and like our facebook posts

https://www.facebook.com/ebitztoken/posts/376710792672226

https://www.facebook.com/ebitztoken/posts/376776335999005  

Thanks to help us to spread the word.

Did these pieces of shit, low-life scammers just replaced the Zcash "PREMINE" with another PREMINE ? Am i seeing correctly ?



 

I think it's fair and not just for the development team but also be given to bounty

i believe they are giving away bounties in bitcoin. then what part of pre-mine are they gonna use for bounty and how?

1Million EBZ is significant amount of pre-mine. so you guyz replaced Founder Reward with Pre-mine from which you are not giving away a single EBZ. and on top of that you are collecting 500 btc.

as you say that you guys already have connections with dark web and what you will deliver will be a replication of Zcash with minor changes. so how do you plan to spend 500 btc to be raised through ICO? secondly, all the articles linked in posts above have been obviously posted by you guys yourself. is there any genuine news of any collaboration?
Also, do you guys want to imply that we should invest in Ebitz just because you guys are "an european group of ethical hackers with enough notoriety.. etc.?"
Founder reward and POS are the only changes you will make to Zcash. and it will cost 500 btc?

EDIT: i can not find any information on Escrow arrangements being made or planned apart from that you will "look into it"

These questions are valid and dev should answer this it sums up all question and doubts by all would be investors and a good answer that can suffice them,will give investors their trust to Ebitz.

Hi,

These are legit questions. Please read below:

More Info/FAQ

All the personal info abous us we are going to release is in the ANN.

"We belong to a european group of ethical hackers with enough notoriety and because we believe that the technology behind Zcash is the future in anonymity, our obvious step is to make a new version but removing its corporate vestiges", to be used widely on deep web thanks to our contacts/influence.  

By the way, our group has a lot of contacts/influence, we are moving all our influences and making negotiations so that Ebitz will be available in the deep web from day 1, sponsored by a Dark Market with really high daily volume. We would be the only coin next to bitcoin to be used there.

To do that and working closely with the markets in the deep web we need to try to be anonymous, we dont want to be the next Ross Ulbricht. Our goals is to make this coin widely used, especially in the deep web because this is the sector that really needs this technology and can help to spread the adoption really fast. Remember that bitcoin in the early days progressed thanks to the volume and movement provided by the deep web.

Ebitz will be the project that brings the tech behind the Zerocash protocol to the deep web to fill the gap searched by the Dark Markets and finally bring complete anonymity.

About our difference with zcash:

We found two big problems: On the one hand, an excessive (more than 20% of the supply the first four years) "founder rewards" to private investors and on the other his disastrous mining solution, not only by the slow start but because a few private investors have access to exclusive gpu miners, which are to ensure them the vast majority of the coins created. While other users will be content with an underperforming CPU miner. So, the private investors are only attracted by quick profits and will be the first to dump his excessive amount of coins to investors attracted by the technology presented for Zcash.

These two issues affected and continue to affect the state of zcash. That is why we want to offer an overcoming proposal without these problems.

Our solutions: - Change the algo to PoS / - Destroy the founder rewards / - We are not an US company.

Plus that, we want to develop new features on top of ebitz like thezerg said, the decentralized debit cards looks like a killer feature. But this is only want user suggestions, we are open to receive more feedback.

Mmmm no opinion, for me its the same with limit or not. Maybe someone have another opinion. But I want to add one point, there is an "almost dead" project called emunie, they were going to make decentralized debit cards: https://www.youtube.com/watch?v=lqE-7R8liMU If you can make something like this plus the tech behind zerocash and, even, integration with deep web markets this will be the hottest coin of the year.

The tech that thezerg comment is really disruptive, if we can combine that with zerocash anon would be amazing. Currently there is no coin with this type of technology, not even with bitcoin. This kind of cards will works without any central finance service.


And we dont ask for 500 btc, we put a limit at 500 btc, so if we reach the goal before December 26 the sale will ends. Even though many investors have asked us to remove it.

We need the funds and the premine to develop our product and make the things happen. As you can see, we reach an agreement with two of the biggest sites in China about bitcoin and now they are our Media Partners in Asia. And please, wait a few minutes, in the next message we will announce two new partnertship with two amazing bitcoin companies.

We are not improvised. Our connections are real. We are making all our alliances public. Only, for security reasons, we can not announce in which deep web market will be available at the start (even, we are still talking with more people and there are possibilities to be available in more than one).

Bye

Thankyou for detailed response, however, my concerns are still intact and perhaps grown a bit!  

1. Roadmap: You want to develop "new features" but you guys have NO IDEA whatsoever about what you are gonna develop. There are no details of value addition to the Zcash. just putting "Add new features not included in Zcash using development fund" in a vague roadmap does not make sense. a suggestion by one person about Debit Card is not gonna work either as pointed out by @Fuserleer . so the value addition will be NONE!

2. Solution to Zcash Problems:
    a. change algo to POS.. OK.. your choice. doesn't matter
    b. Remove Founder Reward... and replace it with pre-mine? so you are not as patient as Zcash founder. 5% for you immediately instead of waiting and receiving 20%. on top of that there will be 3% (annual?) increase in total coin supply
    c. Not a US Company.. who cares, maybe you guys are lying. after all you are a "anonymous group of ethical hackers with enough notoriety"

3. Alliances: on what basis are you guys making alliances while staying anonymous and is there any way to know that these are not made up out of thin air? what value will these alliances bring to Ebitz and investors and how will these Big Sites benefit from alliance? how can we confirm that these sites/companies endorse Ebitz and dev team?


4. Escrow: So you guys are afraid that you will lose your anonymity if you contract SebastianJu  for Escrow. however, when you bought this account whith SebastianJu as Escrow, there was no problem. So one of the two statements is a LIE. Either you did not work with SebastianJu or you do not want to Escrow funds.

5. DarkWeb Connections: i am pretty sure that if you guys had DW connections and as you say at least one marketplace is on board, you would not have needed to crowdfund this project. everything about Zcash is already developed. changing a couple of algos and launching EBZ in collaboration with that market would have made you 5,000 btc instead of 500 instantly with maybe even 10% pre-mine

[BlockchainOS]

It might be better if you could give the exact amount of bounty.. at least percentage

[qiman]

There is a lot of action here and things are looking very good even before the crowdsale begins. I think the Chinese people will like this coin and it will be popular and it is all over the media, on twitter and other sites, so very nice start here, congratulations.

[extrabyte]

It might be better if you could give the exact amount of bounty.. at least percentage

Welcome!, Sorry i dont understand your question. The amount of each bounty (marketing, development, etc) are agreed with each individual user. We are using a lot of our own funds at this moments.

Interested.

real real interestedc coin...good

Thanks! and welcome aboard!

real interested....what % is pos!?

All the coins, we will distribute 95% with the ICO and as you can find in the specifications we have 3% annual interest.

1. Roadmap

2. Solution to Zcash Problems

3. Alliances

4. Escrow

5. DarkWeb Connections

TheKB, how are you?, let me answer you each point:

1) About our development roadmap, as we said we are using the zcash code with three changes. This changes are particularly important and will allow the expansion of our project and his extensive use in dw. Zcash weaknesses were detected to create a better version. Plus to fork each zcash updates, we will add our own features to our project, not included in Zcash. We are not thinking about that, because is not the most important right now. We are open to suggestions like thezerg did. His suggestion is still valid and we will study about that. By the way we are open to more suggestions.

2) Sorry but I don havet answer for this, what is your specific question? 5% is really low amount of premine (the majority of project take 10-20 % as premine) and will be in a public address, so everyone could see if we spend it or not. The founder rewards on Zcash generate a sales pressure hard to maintain.

3) The agreements reached with each particular company will not be disclosed as it is obvious. But if you doubt the legitimacy of them you can consult with any of the companies named for the moment. We made a tweet to announce it and as far I know will be RT or comment for this companies to give it legitimacy (EDIT: Check https://twitter.com/BitLox/status/801621601280258049 - https://twitter.com/CoolBitXCOO/status/801697785300992000). More agreements will be revealed in the coming weeks. This is to create an ecosystem for Ebitz from the first day and to have a real use (and not be another useless coin).

4) It does not make sense, they are two different things. For the move we made with SebastianJu we use our own private funds and was a pretty low amount. If we reach our goal and we continue with our plans we will make some enemies for the nature of our proposal and that can become a witch hunt that we want to avoid. As we said before in our group are different views about this. But we have not made our final decision yet. During the weekend will be published our final decision. If our decision does not convince you simply do not invest in our solution.

5) It is quite the opposite, it is precisely because we have the contacts and the agreements that we need to create a proposal open to the public to give legitimacy to Ebitz. We do not want to create a closed sale like it was the case of Zcash but an open proposal for any user, that is the nature of Ebitz. It would do no good to create a closed proposal, it would have no use. As you know, we established a limit of 500 btc that we expect to achieve but still that amount is not excessive for the nature of our project. And as we said, we will contribute with our own funds (as we have already done) for the development of Ebitz.

Its a pleasure answer your questions, this will help to other users too.

Bye

[Sharky444]

Mmmm no opinion, for me its the same with limit or not. Maybe someone have another opinion. But I want to add one point, there is an "almost dead" project called emunie, they were going to make decentralized debit cards: https://www.youtube.com/watch?v=lqE-7R8liMU If you can make something like this plus the tech behind zerocash and, even, integration with deep web markets this will be the hottest coin of the year.

First they ignore you, then they laugh at you, then they fight you, then you win. eMunie is far from dead.

[extrabyte]

Mmmm no opinion, for me its the same with limit or not. Maybe someone have another opinion. But I want to add one point, there is an "almost dead" project called emunie, they were going to make decentralized debit cards: https://www.youtube.com/watch?v=lqE-7R8liMU If you can make something like this plus the tech behind zerocash and, even, integration with deep web markets this will be the hottest coin of the year.

First they ignore you, then they laugh at you, then they fight you, then you win. eMunie is far from dead.

Yes, you are right. We look forward to hearing more announcements from Emunie. It looks like a really innovative project.

By the way, the users already clarified his mistake:

Fuserleer, I am the user who made that suggestion, sorry for the misinterpretation and thank you for the tech explanation. I am follower of Emunie too, but since I didnt see movement of your forum the last months I assumed that by mistake. 

I will continue to support both Emunie and Ebitz, both start with "E" haha, provide great solutions for the users and dont start the same month.

Good luck and welcome!

Will there be no Ebitz rewards? This coin will be very valuable! The subscription campaign will be paid in BTC, a high value until and so far no rewards for twitter that pay in ebitz, I will not be left out! Congratulations on the project sir.

You must know that the 90% of the users who claim for bounty rewards sell his coins for btc as soon as possible. That is why we are avoiding this step and directly paying much of our bounties with bitcoin. Those who are really interested, can use those bitcoin to buy ebitz.

Bye

[robelneo]

Will there be no Ebitz rewards? This coin will be very valuable! The subscription campaign will be paid in BTC, a high value until and so far no rewards for twitter that pay in ebitz, I will not be left out! Congratulations on the project sir.

People who participate on bounties are quick to dump the coin they promote for bitcoin.It solves two problems,bounty hunter will have his bitcoin if he is not interested in the coin he promote,the second one is there will be no dumping of Ebitz and the value will increase because there's not much sell order.