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Author Topic: [ANN] Spectrecoin [SPEC] Untraceable Tx | Ring Signatures | Tor | Exchanges  (Read 22689 times)
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mandica
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December 04, 2016, 11:17:47 PM
 #1



The Spectreproject comprises the anonymous, untraceable and secure cryptocurrency Spectrecoin [SPEC].
The anonymous currency will be integrated with a mobile platform for small remittance, cash transfers, Spectre.Cash.
This is currently being developed for Android and later for iOS and other mobile platforms.

Spectrecoin [SPEC] is an anonymous, untraceable and un-linkable, energy efficient, Proof-of-Stake v3 cryptocurrency.
SPEC also has an advanced hierarchical deterministic wallet (HD wallet) with multiple functions and configuration options.
SPEC has native Tor integration* and the whole network will run under Tor only.
SPEC is the most private and anonymous cryptocurrency network today.



With the implementations we are making SPEC will surpass the anonymity of Monero, Zcash, Shadowcash and DASH and others.

20,000,000 SPEC was created in a 'genesis transaction' and 95% of the SPEC supply was sold through an initial investment round. The funding will be used to further the project and
to develop The Spectrecoin Alternative Remittance System which will bring value to SPEC. The team will also adapt and develop Spectrecoin to be the best anonymous cryptocurrency in the market today.

Specifications
Total number of coins: 20,000,000 SPEC
Ideal block time: 300 seconds (5 minutes)
Stake interest: 5% annual static inflation
Confirmations: 6 blocks
Maturity: 288 blocks (24 hours)
Min stake age: 8 hours

Technology
Ring Signatures for anonymous transactions
Dual key stealth addresses
‘Zero Knowledge’ proofs
Full decentralization
*Native Tor integration (in the next release)

Based on the Shadowcash code base (See FAQ below for details)













We are also building our own custom explorer that will be released soon.

SPEC on Coinhills
SPEC on CoinMarketCap
(the available supply is wrong and I have PMd @Gliss to update, marketcap should be around 140BTC)







We are working on implementing Bitsquare.








>> INVESTORS ONLY SLACK CHANNEL <<



People all over the globe use remittance (money transfer) services on a daily basis sending billions of dollars in value across borders and across the world.
Remittance services can be official channels, like banks, Western Union or other mainstream networks. This is all well and good if you have a bank accounts and you are able to use these services.
This is not the case for millions of people, in particular immigrants to western countries, and people from the Asian subcontinent and Africa.

For many wishing to send money home to family and friend in less developed countries, mainstream remittance is not an option. They may be immigrants with an uncertain status and without documents,
and will not have access to ‘normal’ banking services. They frequently make use of Hawala.

The money transfer tradition known as Hawala has been practiced throughout centuries and is assisting millions of people every day around the globe to send money to friends and family ‘back home’.
Hawala is particularly popular in areas where bank accounts are difficult to obtain or where people do not have ready access to identity documents or in territories where the authorities make it difficult
for individuals to use financial services. The practice normally involves two intermediaries who needs to know each other and who trusts each other who facilitates the transfer.

The client will seek out an intermediary who commonly posts ads in local papers or publications for his cash transfer services. The client will attend and hand over some cash to the intermediary and then
be given a ‘pass code’. The client will then call up his family or friends ‘back home’ and give them the ‘pass code’. The recipient will then attend the second intermediary who will pay out the cash when the
recipient give him the ‘pass code’. Both intermediaries will settle the balance later.

This is becoming increasingly more difficult for all parties to achieve and intrusive government regulation is imposing ever more stringent checks and requirements for any kind of money transfer and is
increasingly requiring agents to require their users to produce ID documents.

This project came about by the realization that cryptocurrency and mobile phones could solve the problems of many unbanked and people without ID documents who need money transfer services.
This project can take the principal of Hawala money transfer into the digital age and also provide a novel real-world use of cryptocurrency that we believe has not been done before.

We will develop and make the Android mobile app free for all and available for anyone with a mobile. The mobile system we have named Spectre.Cash can be used with no prior knowledge of crypto at all
by anyone who may want to transfer money in the way of old fashioned Hawala. This the background for the creation of Spectrecoin and Spectre.Cash. The app can also be used as a payment terminal,
or to simply buy and sell Spectrecoins for cash.

This is a real use scenario for anonymous cryptocurrency for real people and has the potential to help the so called un-banked to access certain financial services and to upset the status quo of the money transfer industry.
We will not incorporate this app but it will be released ‘into the wild’ for anyone to use. There is no revenue stream from the app and it is between individuals to use and arrange trades.

The Spectre.Cash app will only use Spectrecoin as a settlement currency.

White paper and alpha version of the mobile platform soon. Below is a short conceptual overview.



Spectre.cash is an Android app which will be able to act as a SPEC node(*) and the functioning of the app can be thought of in three layers that come together to create the ability to process anonymous cash transfers.
This can happen on a purely P2P basis and no server and no central database or register is needed.

We have a custom designed ‘zero-knowledge proof protocol’ that allows an instance of the app to reveal the number of successful trades it has been involved in, but without disclosing anything about those trades,
and also without the possibility of the number of successful trades being falsified. Hence, once an instance of the app has been involved in some number of successful trades the trust rating on the network will increase.
This will manifest for the user in the form of some value that we will set. This will be according to an algorithm that will consider a range of factors to counter any attempt to manipulate the trust rating.

This allows the intermediaries who facilitate the trade to prove their trustworthiness without revealing anything about their prior trades and without revealing who they are or where they are.
Crucially, no record of the trade will remain anywhere once a trade has been completed. Any record is transient and there is no history. If you are simply a client, there will be no trace on your phone that you have ever transacted.

Both a new trade request and available intermediaries ‘announce’ anonymously through a dynamic Distributed Hash Table (DHT) that will register details of the proposed trade so that clients can find intermediaries and vice-versa.
This allows the system to be totally decentralized and lets participants be totally anonymous until they mutually agree to trade within the parameters set in the app by the users.

The coins will be locked in escrow until the conditions of the sale has been met.

This makes the system extremely resilient to any kind of ‘take down’ attempt or control attempt. Once it’s out we don’t control it, you don’t control it, nobody does.

(*) Non-staking SPV (Simple Payment Verification) node also known as a thin node.



We are based in the UK and as you may or may not be aware, legislation was just passed, known as “The Investigatory Powers Act” that will give the UK government the powers to engage
in one of the most extreme surveillance practices in the world. We believe that the privacy of an individual is an absolute right and our philosophy is one of ‘Zero Knowledge’ and anonymity.
We are therefore making a two-pronged assault on surveillance and the increasing requirement to give up basic freedoms. Law abiding citizens should be free to express themselves and free to communicate and transact
with whomever they choose without having to worry about being listened in on or their actions recorded for posterity. We therefore intent to release the small remittance app as a free app and make sure it’s available to
anyone who wish to use. We will also focus on completing the Tor / I2P integration in Spectrecoin and work to increase the privacy and anonymity of the coin.








Native Tor integration: Tor will be integrated in the code base for SPEC and so you will not need to install,
or run Tor as a service on your computer to be protected. This also means that all the SPEC seed nodes will run under Tor only,
and so the whole of the SPEC network will run under Tor only. We suggest that this will make SPEC the most secure, the most private,
and the most anonymous cryptocurrency network available today. SPEC's ancestor, Shadowcash has yet to implement this.

Available in v.1.1 - expected last week of December 2016

Android Mobile Wallet: We are currently building a mobile wallet for Android that will be a stepping stone for the Spectre.Cash app.


Spectre.Cash: The Alpha version of the Android Spectre.Cash app will be out soon...
Details to follow







Please, before making any assumptions, click the above link and read the FAQ.
..OR CLICK HERE FOR FAQ

Wear Spectre SIGNATURES to promote the project!

Thank you for your support!

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Untraceable Transactions
End-To-End Encrypted Chat
Advanced HD Wallet
Fair Proof-of-Stake v3
Native Tor integration
Android Anon Cash Transfer

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December 04, 2016, 11:18:09 PM
 #2

I am providing escrow for Spectrecoin's ICO and every 24 hours (roughly).  I will receive the Bitcoin balance from the automated Spectrecoin ICO portal at the below address, which I will until until the Spectrecoins have been distributed.

Escrow Holding Account:
ICO PERIOD HAS ENDED.  ESCROW ADDRESS NO LONGER VALID.

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godin
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December 04, 2016, 11:25:07 PM
 #3

not good ico again  Lips sealed
mandica
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December 04, 2016, 11:28:23 PM
 #4

not good ico again  Lips sealed

Have a read through the blog and there will be further updates.

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Untraceable Transactions
End-To-End Encrypted Chat
Advanced HD Wallet
Fair Proof-of-Stake v3
Native Tor integration
Android Anon Cash Transfer

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December 04, 2016, 11:30:23 PM
 #5

Do you include a magnifying glass if I invest in this ico.

The only thing I can read is the big bct address  Huh Huh Huh
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December 04, 2016, 11:33:05 PM
 #6

full pos from the begining with ico   Grin

so you sell your genesis block ..
ok ..
good luck for your project ..
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December 04, 2016, 11:33:46 PM
 #7

Do you include a magnifying glass if I invest in this ico.

The only thing I can read is the big bct address  Huh Huh Huh

Whats unreadable and I will change it. I can do text instead of graphics

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Untraceable Transactions
End-To-End Encrypted Chat
Advanced HD Wallet
Fair Proof-of-Stake v3
Native Tor integration
Android Anon Cash Transfer

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mandica
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December 04, 2016, 11:35:10 PM
 #8

full pos from the begining with ico   Grin

so you sell your genesis block ..
ok ..
lol ..

No, not full PoS from the beginning, please read up a bit and you might understand. We are offering a stake in coins that will be useful in a mobile platform we are building. Further updates to follow. Read the blog for now to get an idea of what we are doing:

https://blog.spectreproject.io/

Thanks

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Untraceable Transactions
End-To-End Encrypted Chat
Advanced HD Wallet
Fair Proof-of-Stake v3
Native Tor integration
Android Anon Cash Transfer

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PCindy
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December 04, 2016, 11:40:49 PM
 #9

welcome ico sprectre good luck

mandica
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December 04, 2016, 11:43:05 PM
 #10

welcome ico sprectre good luck

Thanks, I think that it's a bit unusual but if you dig into it a bit it will become clear...

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Untraceable Transactions
End-To-End Encrypted Chat
Advanced HD Wallet
Fair Proof-of-Stake v3
Native Tor integration
Android Anon Cash Transfer

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rolings
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December 04, 2016, 11:50:40 PM
 #11


if you need a translation ?

cengsuwuei
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December 04, 2016, 11:59:26 PM
 #12

I think is ico selling is late
why spectracoin in ico selling in time not same is open signature campaign
signature campaign close, and then open ico selling
i think if want ico selling, promote must masive, but spectrecoin after promote is open ico selling

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December 05, 2016, 12:03:19 AM
 #13

so just a clone of shadow cash then innit bruv?

your USP is that APP you will do....

There's also a scam accusation against you mate.

What's that about?


https://bitcointalk.org/index.php?topic=1691989.0
smyslov
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December 05, 2016, 12:37:47 AM
 #14

I think is ico selling is late
why spectracoin in ico selling in time not same is open signature campaign
signature campaign close, and then open ico selling
i think if want ico selling, promote must masive, but spectrecoin after promote is open ico selling

You have a point but people are now aware of spectrecoin having run the campaign for 3 weeks already,anyway they can still open a campaign for the ico,the dev should have open the a moderated thread immediately after he close the last one unmoderated one ..

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December 05, 2016, 01:16:19 AM
 #15

Is there any coin launch without ico

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December 05, 2016, 01:50:18 AM
 #16

Look that nice logo i like it

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December 05, 2016, 03:09:45 AM
 #17

no bounty for translation?

█ DISTRICTS █ 3D Blockchain Platform ICO | Bounty
mandica
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December 05, 2016, 07:03:51 AM
 #18

so just a clone of shadow cash then innit bruv?

your USP is that APP you will do....

There's also a scam accusation against you mate.

What's that about?


https://bitcointalk.org/index.php?topic=1691989.0


This scam accusation is pure lies, there is an army of freshly created newbie accounts that is working hard for us to fail. These are just lies and it's difficult to deal with. Please read the following:
https://bitcointalk.org/index.php?topic=1691989.msg17085517#msg17085517

Where is Spectrecoin cloned from?
•   The code base for Spectrecoin is derived from the code base from Shadowcash [SDC] (https://shadowproject.io/en) and the code base has been modified with the parameters we feel are right for what we want to achieve. This is mainly the staking reward scheme and the block time. There will also be further functions added and further modifications to this base to integrate with The Spectreproject’s other parts.

Why clone from Shadowcash and not any other cryptocurrency?
•   We believe that Shadowcash has very strong privacy and extremely resilient anonymity features such as confidential transactions using ring signatures and also stealth addresses and is one of the top cryptocurrencies today. Privacy and anonymity is crucial for what we are aiming to achieve. In addition, Shadowcash has an HTML based wallet that will allow new features such as web-apps or advanced functions to be integrated.

Is it legal to copy Shadowcash and call it Spectrecoin?
•   Shadowcash is published under “The MIT License (MIT)” under the Open Source Initiative (https://opensource.org/licenses/MIT) that state: “Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions: The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.”

•   The Spectreproject and Spectrecoin is complying with the conditions set out in the MIT licence and Shadowcash is referenced in the code (https://github.com/spectrecoin/spectre) where it is needed and also in the splash screen for the Spectrecoin wallet and also the ‘About’ section from within the wallet.

Why not use Shadowcash then for your project?
•   Well, although Shadowcash is a brilliant cryptocurrency we want the freedom to change the code to facilitate the functions that we have in mind for Spectrecoin. It appears that Shadowcash is aiming to integrate a market function and to develop the currency with this in mind. We want to use Spectrecoin as an exclusive currency for a small remittance app and so we are aiming towards cash transfer as a main focus and not a market currency as such. Having the freedom to alter the code allows us to build an infrastructure and to integrate Spectrecoin in this.

So you are just trying to cash in on Shadowcash’s success?
•   No, not at all. The overriding focus for The Spectreproject is to deliver a mobile platform for uncensored, unmonitored and anonymous cash transfer. Spectrecoin is an integral part of this and the currency is not created for its own sake but to serve as a settlement medium in the small remittance transactions. By having our own code base, we can tweak this any way we want to make it work. The development team (4 members at present) will share 4/5 of 5% of the Spectrecoin supply as a stake in the project to ensure future participation. That means that each team member will hold a stake of 100,000 SPEC at the end of the ICO and 100,000 SPEC will be available for certain bounties and incentives geared towards PR. 19 million SPEC will be offered to you if you want to hold a stake.

Why do you need an ICO?
•   The small remittance app that will run on Spectrecoin will undergo an initial development until it can be released as an open source project and added to the app store for Android for a start. We envisage this app to be “released into the wild” as it were and we are not planning any revenue stream from this endeavour. We are hoping that as the app reaches the public it will certainly be controversial in some territories and that it will stoke up enough interest to gain a momentum of its own and entice developers to work on the code and keep it alive. We will also work on the app but will not ‘own’ it and not incorporate it and not directly benefit from it. This is because it would almost certainly require us to have a licence and this would be likely to fail. All we wish to do is to build this app that will enable people to transfer cash anywhere anonymously just like the Hawala system today. The team has one member working on the app right now and a ‘pre’-alpha version will be out for demo soon. To be able to bring this to life the way we intent it, we need to hire further developers and we need some solid PR once the app is out to make people aware that this product exists. So, the bulk of the ICO funds will go to hiring people to work on the app and to run a proper and sustained PR campaign once it’s all done. Some of the ICO funds will cover initial expenses and the running of servers and the like. This is a small fraction. It is not possible to fully develop this without any funding and so we seek to crowdfund this project and offer you a stake.

How do we know that you are serious about this?
•   Most ICOs make promises of some future network and functions that are not yet in existence and some are clearly more serious than others in this respect but a common feature is that you will not be able to use the finished product until sometime after the ICO ends. We have taken the unusual step now to release fully functioning wallets for you download. You will need to download the wallet anyway to take part in the ICO (https://blog.spectreproject.io/) and to generate a receiving SPEC address. We will start the network and the nodes and you will be able to sync your wallet and check the block-explorer. In addition, to show you that the network is viable we will deposit 1 SPEC to your receiving address as a ‘token’ payment to prove that we have received your investment. At the end of the ICO we will distribute the rest of the funds. The blockchain will be driven by zero value proof-of-work blocks whilst the ICO is running. In this way, you can see that we are serious and that we have a product ready at the very start. In addition, the ‘pre’-alpha app will also be out as demo with a white paper. As we are preparing to issue 1 SPEC as a ‘token’ proof of investment we will now set a minimum limit of investment to 0.01 BTC.

I don’t need an app like that, so why should I invest?
•   You are investing in Spectrecoin which will be the only currency to be used for the remittance app and as such you would expect value appreciation from a gradual increase in demand for Spectrecoin as a result of the increased use of the app. We will promote the app to areas where mobile use is high and the demand for cash transfer is high and where people are mostly unbanked. You do not need to download the app or use it or even have any interest in it as such. You should know however that this market is in need of anonymous ways to transfer cash as the governments are increasingly trying to regulate the traditional Hawala participants. This pegs Spectrecoin to real use by real people. Spectrecoin is of course also a fully-fledged anonymous cryptocurrency in its own right and can be used on the internet as any other cryptocurrency. We believe that this app is one of the first real-world usage of anonymous cryptocurrency and it will certainly be controversial when its done.

Why did you open a new thread?
•   When we announced the project, we were a bit naïve maybe as we have never attempted an ICO before. We also made a silly mistake in the code by overlooking or omitting the mention of Shadowcash in places. This drew some angry trolls to make some outrages allegations and effectively block the thread. This was not intentional on our part but maybe naïve as I said. In respect of this I have gone through the code and made sure that Shadowcash is credited where needed. We will welcome any sensible discussion of course but there is no point in making any allegations or just mindless trolling. So, in the interest of transparency:
•   (1) Yes, this is clone of Shadowcash which is open source.
•   (2) Yes, we did make mistakes in the first thread and release but we acknowledge that and seek to rectify the mistakes.
•   (3) Yes, we are using the same wallet layout as Shadowcash with a Spectrecoin logo and colour scheme as is common place in the cryptocurrency space.
•   (4) No, we will not include a marketplace and the marketplace tab will be taken out in the next version of Spectrecoin. We are rather in favour of a system like OpenBazaar or other P2P market places.
•   (5) No, we will not follow Shadowcash and their development as such but will diverge and focus on our own project.

Thank you for your support!

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mandica
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December 05, 2016, 07:19:08 AM
 #19

I know that some people have some concerns about what we are doing. I'm inviting everyone to Slack

https://slack.spectreproject.io/

To come and talk to us. We will answer any questions.

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Fair Proof-of-Stake v3
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Android Anon Cash Transfer

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Gandalf86
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December 05, 2016, 07:27:37 AM
 #20

So first off the text in the ANN picture (why do you even put TEXT in a PICTURE??) is completely unreadable! What is that, font size 3?!

So could you maybe explain to me first, what is the idea of this project? And how does it work?
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