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Question: Is Spectrecoin a scam?
Yes - 13 (24.1%)
No - 32 (59.3%)
Maybe they magically found a way to make staking anonymous, but it can't be revealed until they're in the top 100 - 9 (16.7%)
Total Voters: 54

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Author Topic: Is spectrecoin a scam?  (Read 1300 times)
generalizethis (OP)
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January 15, 2018, 07:22:13 PM
Last edit: January 16, 2018, 12:15:45 PM by generalizethis
 #1

Spectrecoin claims to have it will have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.

sirsplashalot
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January 15, 2018, 07:30:21 PM
 #2

Spectrecoin claims to have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.

This was fuelled directly out of anger from this topic the OP and I had in this thread:

https://bitcointalk.org/index.php?topic=2381337.msg28204400#msg28204400

Spectecoin cannot be a scam as it already has the OBFS4 feature no other cryptocurrency has.

Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
generalizethis (OP)
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January 15, 2018, 07:36:09 PM
 #3

Spectrecoin claims to have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.

This was fuelled directly out of anger from this topic the OP and I had in this thread:

https://bitcointalk.org/index.php?topic=2381337.msg28204400#msg28204400

Spectecoin cannot be a scam as it already has the OBFS4 feature no other cryptocurrency has.

The question is if the means to make staking anonymous has been achieved--that's their claim to fame.

But thanks for getting a head start on a distraction.

spectre_jbg
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January 15, 2018, 07:36:30 PM
 #4

Hey generalizethis, we don't "claim to have anonymous staking". We've worked out a way to do it, and we will be launching it towards the end of Q2 this year. Nobody is asking you to believe it until we release the paper and source code, don't worry Smiley
generalizethis (OP)
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January 15, 2018, 07:38:21 PM
 #5

Hey generalizethis, we don't "claim to have anonymous staking". We've worked out a way to do it, and we will be launching it towards the end of Q2 this year. Nobody is asking you to believe it until we release the paper and source code, don't worry Smiley

So you don't know how to do it? Your shills have been saying otherwise.

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January 15, 2018, 07:39:02 PM
 #6

Hey generalizethis, we don't "claim to have anonymous staking". We've worked out a way to do it, and we will be launching it towards the end of Q2 this year. Nobody is asking you to believe it until we release the paper and source code, don't worry Smiley

Super exciting! Particularly the "we've worked out a way" part.
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January 15, 2018, 07:42:45 PM
 #7

Hey generalizethis, we don't "claim to have anonymous staking". We've worked out a way to do it, and we will be launching it towards the end of Q2 this year. Nobody is asking you to believe it until we release the paper and source code, don't worry Smiley

So you don't know how to do it? Your shills have been saying otherwise.

How is it that you quoted me and yet still managed to claim that I said the opposite of what I did?

We know exactly how to do it, but as I said, just wait for the paper and source code and you won't need to trust my or anyone else's word.
sirsplashalot
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January 15, 2018, 07:43:33 PM
 #8

Hey generalizethis, we don't "claim to have anonymous staking". We've worked out a way to do it, and we will be launching it towards the end of Q2 this year. Nobody is asking you to believe it until we release the paper and source code, don't worry Smiley

So you don't know how to do it? Your shills have been saying otherwise.


Read what your thread states. No one claimed we have anonymous staking. We claimed that there will be anonymous staking. Read the thread again:

https://bitcointalk.org/index.php?topic=2659097.msg27108855#msg27108855

Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
generalizethis (OP)
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January 15, 2018, 07:44:17 PM
 #9

Hey generalizethis, we don't "claim to have anonymous staking". We've worked out a way to do it, and we will be launching it towards the end of Q2 this year. Nobody is asking you to believe it until we release the paper and source code, don't worry Smiley

So you don't know how to do it? Your shills have been saying otherwise.

How is it that you quoted me and yet still managed to claim that I said the opposite of what I did?

We know exactly how to do it, but as I said, just wait for the paper and source code and you won't need to trust my or anyone else's word.

Sorry if I don't take you at your word. I believe anyone who does is getting ripped off.

generalizethis (OP)
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January 15, 2018, 07:45:18 PM
 #10

Hey generalizethis, we don't "claim to have anonymous staking". We've worked out a way to do it, and we will be launching it towards the end of Q2 this year. Nobody is asking you to believe it until we release the paper and source code, don't worry Smiley

So you don't know how to do it? Your shills have been saying otherwise.


Read what your thread states. No one claimed we have anonymous staking. We claimed that there will be anonymous staking. Read the thread again:

https://bitcointalk.org/index.php?topic=2659097.msg27108855#msg27108855

And I asked how this is achieved and no one has had an answer. This reeks of vaporware.

Also, you and some other shills have been taking it for granted and acting like there is a 100% chance that it will work--based on nothing.

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January 15, 2018, 07:46:45 PM
 #11

Hey generalizethis, we don't "claim to have anonymous staking". We've worked out a way to do it, and we will be launching it towards the end of Q2 this year. Nobody is asking you to believe it until we release the paper and source code, don't worry Smiley

So you don't know how to do it? Your shills have been saying otherwise.


Read what your thread states. No one claimed we have anonymous staking. We claimed that there will be anonymous staking. Read the thread again:

https://bitcointalk.org/index.php?topic=2659097.msg27108855#msg27108855

And I asked how this is achieved and no one has had an answer. This reeks of vaporware.

if you read carefuly you will see hint when will you get answer you are looking for
Gandalf86
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January 15, 2018, 07:56:11 PM
 #12

Well, what would you do if you had figured out a way to do this? Explain your idea to everybody and spread the news everywhere? In that case bigger coins, which have much more funding, could implement the technique in a fraction of the time our developers could. And then when we're finally done, everyone would just ask "ok but why are you doing what coin XY already implemented 2 months ago"? It's in our own interest as Spectrecoin investors that the devs will keep this secret until everything is ready to go.

Also, our software is already valuable on its own ... we're not an ICO any more that just wants to collect money. We have a working product and a coin that is valued around $100M USD, and a stealth transaction mechanism that works. Calling it a scam just because of one single feature that has been announced but not released yet, is a bit hypocritical. Wink

Discord: Gandalf86#5805 (#341695925166538796) // Maintainer of Titcoin // Work smarter, not harder!
BigBoy89
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January 15, 2018, 08:02:45 PM
 #13

Spectrecoin claims to have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.

I don't think they are a scam coin. But I will more about staking and privacy. I'm using it only for transactions.
IMO they are currently number one privacy coin around.

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mycryptostuff
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January 15, 2018, 08:22:31 PM
 #14

This thread is basically just OP hating on the fact that spectrecoin gonna have anonymous staking, which in his mind it's this ungodly impossible tech; good news man, nobody needs you to believe it's legit and nobody needs to prove anything to you - as you already saw in the replies yet refused to acknowledge, wait for the source code and for the tech to be implemented and if that wont satisfy you, then you can spam all you want about how bad this coin is
generalizethis (OP)
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January 15, 2018, 08:25:16 PM
Last edit: April 21, 2018, 09:42:57 AM by generalizethis
 #15

This thread is basically just OP hating on the fact that spectrecoin gonna have anonymous staking, which in his mind it's this ungodly impossible tech; good news man, nobody needs you to believe it's legit and nobody needs to prove anything to you - as you already saw in the replies yet refused to acknowledge, wait for the source code and for the tech to be implemented and if that wont satisfy you, then you can spam all you want about how bad this coin is

Hey noob. I just asked how it works--that should be an obvious question for any investor, but maybe you like losing money on vaporware. It was only escalated when specshills got mad that I kept asking and  they implored me to ask a dev--well the dev answered with a promise and no explanation how it works. If it smells like a scam, walks like a scam, it probably is. But keep making sock puppets to cover up the obvious.

generalizethis (OP)
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January 15, 2018, 08:29:59 PM
 #16

Spectrecoin claims to have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.
Oh man, did you see official site? Why do you want to lie?
https://spectreproject.io/roadmap/
Quote
Version 2.0
Target Launch: Q2 2018

Stealth addresses and transactions become the default
Innovative stealth staking
Further features and improvements to be announced
Ok man, this is my Spectrecoin (XSPEC) Stealth-Address: smYoRN5Kna3jo3eeAnrqoDECzG59WDajtsNZHMGZEaA9sxEYwtQDZUnGBCKM5BmXBVU4K6vKH7b6s4X oNiV7yJB8vDkhzq6HjsfMbp
I sent my money from this Stealth-Address to the non-Stealth-Address, did non-stealth-staking, and sent my money back to this Stealth-Address.
Just tell me something about me: my IP, amount of coins that participates in the non-stealth-staking, time when I did staking, just something  Grin
Do you want I tell you about users of other "privacy" coins? See below

Recently, you said that integrated Tor is unimportant: https://bitcointalk.org/index.php?topic=2471807.msg26774212#msg26774212
Quote
Then TOR integration is pointless for those that choose to bake it in, not sure what your point is.
Script to get IPs of peers in Monero: https://github.com/DotNetRussell/MoneroUserScraper
From which we can get IP of wallets: https://dotnetrussell.com/index.php/2017/10/21/locating-monero-users-via-transaction-broadcasts/
We can not relate Monero-addresses and IPs, monero is realy privacy: https://moneroexplorer.com/tx/84ea5936b2864709fe21ece3be8cb683d356f1f83cb5851ecbd4ee104012c583
But the Government will easily find the home addresses of those people who use the Monero for more intimate tax control.

For Verge: IP addresses, XVG-addresses and amounts:
- Electrum Verge Wallet: http://xvg.keff.org/
- Core Verge Wallet: http://xvg.keff.org/core.php
Now we can understand what your word is worth) Who wants to show their IP addresses - listen to "generalizethis" lol.

Exhanges that uses KYC/AML knows your personal information, and knows how many privacy coins you bought (Monero, ZCash, Spectrecoin, ...). So you should use decentralized exchanges such as BISQ (without KYC/AML) using Tor.
As soon as the money reaches the Stealth-Address and is sent to the next Stealth-Address using Ring-sig (Monero, Spectrecoin, ...) - the exchange does not know anything about it.

Just compare current state of different privacy coins:
Spectrecoin (XSPEC) with $100 M market cap at least much more privacy than PIVX (PoS) with $650 M.
https://hsto.org/webt/e-/nf/pj/e-nfpjo17hhfeqtw1mefig0mlci.png


IP data is not TX data. When you realize the difference you will know what keeps your funds from being tracked. This is like pointing out that I can see my neighbor login to TOR--you still can't see what sites they visited, which is the more important information.

GreatOrchid
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January 15, 2018, 08:40:06 PM
 #17

Spectrecoin claims to have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.

No one knows if this project is a real scam, but there are a lot of things that no one likes about them, as an example, they are always spamming the entire forum with fake answers, posts, and threads about their project.

That is the only thing that i do not like about them.

Why do they need to spam their project? If they are a shit, then just keep being shit forever.
generalizethis (OP)
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January 15, 2018, 08:48:18 PM
 #18

Spectrecoin claims to have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.
Oh man, did you see official site? Why do you want to lie?
https://spectreproject.io/roadmap/
Quote
Version 2.0
Target Launch: Q2 2018

Stealth addresses and transactions become the default
Innovative stealth staking
Further features and improvements to be announced
Ok man, this is my Spectrecoin (XSPEC) Stealth-Address: smYoRN5Kna3jo3eeAnrqoDECzG59WDajtsNZHMGZEaA9sxEYwtQDZUnGBCKM5BmXBVU4K6vKH7b6s4X oNiV7yJB8vDkhzq6HjsfMbp
I sent my money from this Stealth-Address to the non-Stealth-Address, did non-stealth-staking, and sent my money back to this Stealth-Address.
Just tell me something about me: my IP, amount of coins that participates in the non-stealth-staking, time when I did staking, just something  Grin
Do you want I tell you about users of other "privacy" coins? See below

Recently, you said that integrated Tor is unimportant: https://bitcointalk.org/index.php?topic=2471807.msg26774212#msg26774212
Quote
Then TOR integration is pointless for those that choose to bake it in, not sure what your point is.
Script to get IPs of peers in Monero: https://github.com/DotNetRussell/MoneroUserScraper
From which we can get IP of wallets: https://dotnetrussell.com/index.php/2017/10/21/locating-monero-users-via-transaction-broadcasts/
We can not relate Monero-addresses and IPs, monero is realy privacy: https://moneroexplorer.com/tx/84ea5936b2864709fe21ece3be8cb683d356f1f83cb5851ecbd4ee104012c583
But the Government will easily find the home addresses of those people who use the Monero for more intimate tax control.

For Verge: IP addresses, XVG-addresses and amounts:
- Electrum Verge Wallet: http://xvg.keff.org/
- Core Verge Wallet: http://xvg.keff.org/core.php
Now we can understand what your word is worth) Who wants to show their IP addresses - listen to "generalizethis" lol.

Exhanges that uses KYC/AML knows your personal information, and knows how many privacy coins you bought (Monero, ZCash, Spectrecoin, ...). So you should use decentralized exchanges such as BISQ (without KYC/AML) using Tor.
As soon as the money reaches the Stealth-Address and is sent to the next Stealth-Address using Ring-sig (Monero, Spectrecoin, ...) - the exchange does not know anything about it.

Just compare current state of different privacy coins:
Spectrecoin (XSPEC) with $100 M market cap at least much more privacy than PIVX (PoS) with $650 M.
https://hsto.org/webt/e-/nf/pj/e-nfpjo17hhfeqtw1mefig0mlci.png


IP data is not TX data. When you realize the difference you will know what keeps your funds from being tracked.
Oh man, do you can trace TX data that uses Ring-Signatures that used in the (Monero, Spectrecoin, ...)? You are much more brilliant than the developers who would sometime possibly invent the stealth staking, lol.

Ok man, this is my Spectrecoin (XSPEC) Stealth-Address: smYoRN5Kna3jo3eeAnrqoDECzG59WDajtsNZHMGZEaA9sxEYwtQDZUnGBCKM5BmXBVU4K6vKH7b6s4X oNiV7yJB8vDkhzq6HjsfMbp
Just tell me something about me - TX-data: my transactions, amount of coins that participates in the non-stealth-staking, time when I did staking, just something. You can not. You can only speak in general words.  Grin

What are you talking about? I was talking about the comment in reference to IP leakage--and yes it's unimportant if you use proper OPSEC (like not sending funds directly from an exchange to a wallet you don't want linked) and you are not in a country that bans Monero. I didn't mention OPSEC in the post that you linked--didn't think I needed to.

The rest of your staements are convoluted, but if you are asking me to unravel a spectrecoin anonymous staked tx, I cant as it hasn't even been implemented yet.

Not sure what you are on about honestly, but my contention is that the spectre dev isn't explaining how he plans to achive anonymous staking because it's a fake claim. Not sure why you want to take it down another road, but you can go down it alone.

sirsplashalot
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January 15, 2018, 08:56:42 PM
 #19

Spectrecoin claims to have anonymous staking, but no one has yet to explain how it achieves this miracle. I'm calling BS until someone can explain it.

There is a difference between claiming to have anonymous staking and claiming to implement anonymous staking. Monroe hasn't claimed to have implemented Kovri, they have just said they will implement Kovri.

Its the same thing. Change your name and stop generalizing every other privacy focused cryptocurrency aside from Monero as a scam. You are not giving Facts, you are spreading fud. Your name is contradictory to all your beliefs.

Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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January 15, 2018, 09:02:13 PM
 #20

Well, what would you do if you had figured out a way to do this? Explain your idea to everybody and spread the news everywhere? In that case bigger coins, which have much more funding, could implement the technique in a fraction of the time our developers could. And then when we're finally done, everyone would just ask "ok but why are you doing what coin XY already implemented 2 months ago"? It's in our own interest as Spectrecoin investors that the devs will keep this secret until everything is ready to go.

Also, our software is already valuable on its own ... we're not an ICO any more that just wants to collect money. We have a working product and a coin that is valued around $100M USD, and a stealth transaction mechanism that works. Calling it a scam just because of one single feature that has been announced but not released yet, is a bit hypocritical. Wink
Just wanted to write something like this.
Nobody will tell you in details how that or this feature works because it's business and it's competitive.
Even if they would like to tell you, how do you see this? Give you a bunch of code?
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