Bitcoin Forum
December 15, 2017, 03:50:01 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 ... 91 »
  Print  
Author Topic: [ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE  (Read 179548 times)
drbanjo
Jr. Member
*
Offline Offline

Activity: 59



View Profile
December 06, 2013, 05:48:57 PM
 #481

Hi artos, this guy says 1.25 Million premined coins are still up ... is it true?  If true, are theses coins spendable ?

It seems a serious charge ...

https://bitcointalk.org/index.php?topic=359975.0


COMM: CUbZeGF4dNc4LUhmqVsvp28cY5mm6icdib
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513309801
Hero Member
*
Offline Offline

Posts: 1513309801

View Profile Personal Message (Offline)

Ignore
1513309801
Reply with quote  #2

1513309801
Report to moderator
Hazard
Legendary
*
Offline Offline

Activity: 994


Internet Celebrity


View Profile WWW
December 06, 2013, 05:52:57 PM
 #482

Hi artos, this guy says 1.25 Million premined coins are still up ... is it true?  If true, are theses coins spendable ?

It seems a serious charge ...

https://bitcointalk.org/index.php?topic=359975.0
FUD. Coins aren't spendable.

CoinGeneral
Full Member
***
Offline Offline

Activity: 182

The General


View Profile
December 06, 2013, 06:22:46 PM
 #483

Hi artos, this guy says 1.25 Million premined coins are still up ... is it true?  If true, are theses coins spendable ?

It seems a serious charge ...

https://bitcointalk.org/index.php?topic=359975.0
FUD. Coins aren't spendable.

Think about it though. The program can be updated easily. If it were so easily removed, it could just be as easily added back in, thus making the coins spendable again.

Who is to say he won't do that?

Hazard
Legendary
*
Offline Offline

Activity: 994


Internet Celebrity


View Profile WWW
December 06, 2013, 06:25:35 PM
 #484

It's a non issue. I could just as easily craft a client update that will create 50 billion coins and make them spendable only by me. This type of attack is possible on ANY coin.

dmbf
Jr. Member
*
Offline Offline

Activity: 39


View Profile
December 06, 2013, 06:37:11 PM
 #485

It's a non issue. I could just as easily craft a client update that will create 50 billion coins and make them spendable only by me. This type of attack is possible on ANY coin.

Well I wouldn't say it's a non-issue if someone can create a client update that devalues a coin in an instant, even if that is possible with any coin, particularly as most clients don't seem to be GPG signed (the liteclient is and I'd like to see all clients adopt this practice) to help prevent users downloading and installing a rogue client. More that it's an issue for all cryptocurrencies, rather than a non-issue. Sounds a bit worrying actually.
CoinGeneral
Full Member
***
Offline Offline

Activity: 182

The General


View Profile
December 06, 2013, 06:39:55 PM
 #486

It's a non issue. I could just as easily craft a client update that will create 50 billion coins and make them spendable only by me. This type of attack is possible on ANY coin.

Hey you can't help there being critics. I actually mine this coin and have quite a few, it's just that the users have to literally put all their trust in Artos that he won't do anything abusive such as making the coins spendable again or abusing the coin mixing service somehow.

Kane49
Member
**
Offline Offline

Activity: 84


View Profile
December 06, 2013, 06:41:08 PM
 #487

It's a non issue. I could just as easily craft a client update that will create 50 billion coins and make them spendable only by me. This type of attack is possible on ANY coin.

Hey you can't help there being critics. I actually mine this coin and have quite a few, it's just that the users have to literally put all their trust in Artos that he won't do anything abusive such as making the coins spendable again or abusing the coin mixing service somehow.

As of now we are still waiting for the big news he promised Tongue
Hazard
Legendary
*
Offline Offline

Activity: 994


Internet Celebrity


View Profile WWW
December 06, 2013, 06:45:22 PM
 #488

It's a non issue. I could just as easily craft a client update that will create 50 billion coins and make them spendable only by me. This type of attack is possible on ANY coin.
Hey you can't help there being critics. I actually mine this coin and have quite a few, it's just that the users have to literally put all their trust in Artos that he won't do anything abusive such as making the coins spendable again or abusing the coin mixing service somehow.
All coins require trust in the developer. I wouldn't have invested in this coin if there was even the slightest chance of the genesis block causing issues down the line.

All this FUD is stupid and uninformed.

shtako
Hero Member
*****
Offline Offline

Activity: 613


View Profile
December 06, 2013, 06:57:20 PM
 #489

I don't think it would even matter much if the 1,25 million coins were dumped. It all stands on the coin mixing service. Even with a 1,25 mill premine this coin would still be a lot more fair then coins with a lot bigger market caps.

         ▄███████████████▄
       ▄██▀             ▀██▄
    ▄▄██▀                 ▀██▄▄
█████▀▀       ▄▀▀▀▀▀▀▀▄▄    ▀▀█████
██          ▄▀ ▄▄▄▀▀▀▀▄▀█▄▄      ██
▐█▌       ▄▀ ▄▀ ▄▄▄▀▀▀▄▀▀▀███   ▐█▌
 ██      ▄▀▄▀▄▀▀▄▄▄▀▀▀▀▀█ ▄█▀   ██
 ▐█▌    █▄▀▄▀▄█▀▀▀ ▀█▀ ▄▀▄▀█   ▐█▌
  ██    █▄▀▄▀▄▄█▀ ▄▀ ▄▀▄▀▄▀█   ██
  ▐█▌ ▀▄█████▀▄▄▀▀▄▄▀▄▀▄▀▄▀█  ▐█▌
   ██▌▀████▀██▄▄▀▀▄▄▀▄▀▄▀▄█▀ ▐██
    ██▌▀█▀▀█▄▀▀▄▀▀▄▄▀▄█▄▄█▀ ▐██
     ██▌ ▀  ▀███▄▄▄█████▀  ▐██
      ██▄      ▀▀▀▀▀      ▄██
       ▀██▄             ▄██▀
         ▀██▄         ▄██▀
           ▀██▄     ▄██▀
             ▀███▄███▀
               ▀███▀
.DeepOnion.
★ ★ ★ ★ ★  .❱❱❱ JOIN AIRDROP NOW!.
TOR INTEGRATED & SECURED
★  Your Anonymity Guaranteed
★  Your Assets Secured by TOR
★  Guard Your Privacy!
|Bitcointalk
Reddit
Telegram
|                        ▄▄▀▄▄▀▄▄▀▄▀▀
                    ▄▄██▀█▀▄▀▀▀
                  ▄██▄█▄██▀
                ▄██████▀
              ▄██████▀
  ▄█▄▄▄▄▄▄▄▄▄██████▀
██████▀▀▀▀▀██████▀
 ▀█████  ▄███████
  ████████████▀██
  ██▀███████▀  ██
  ██ ▀████▀    ██
  ██   ▀▀      ██
  ▀█████████████▀
letta
Newbie
*
Offline Offline

Activity: 17


View Profile
December 06, 2013, 07:01:01 PM
 #490

It's a non issue. I could just as easily craft a client update that will create 50 billion coins and make them spendable only by me. This type of attack is possible on ANY coin.

Hey you can't help there being critics. I actually mine this coin and have quite a few, it's just that the users have to literally put all their trust in Artos that he won't do anything abusive such as making the coins spendable again or abusing the coin mixing service somehow.

As of now we are still waiting for the big news he promised Tongue

Yes! I was starting to go crazy thinking I had missed it or something Tongue

SBC: sPjbS1CvNe6PXYht1kPhTJsXVo8f1rXH68
cobrabyte
Member
**
Offline Offline

Activity: 70


View Profile
December 06, 2013, 07:02:51 PM
 #491

sbc.pnwminer.com is showing an untrusted certificate issued on 12/2013 when I open the page now, so I'm reluctant to login to it until that's explained or fixed.

The SSL certificate is a self-signed certificate. I emailed the pool admin and he's testing SSL with self-signed before purchasing a trusted cert from a certificate authority.

Basically, you're fine. Your connection is encrypted but you're getting a warning because the certificate isn't signed by a trusted certificate authority.

http://sbc.blockexplorer.io/ - saRcSpjGxGWk9mGwFSpNTRbwjDvwLmqSkz
tlewisx
Newbie
*
Offline Offline

Activity: 5


View Profile
December 06, 2013, 07:09:10 PM
 #492

I'm new around these parts, and I've a few questions if anyone would be willing to indulge me:

- Stablecoin does seem unique with the proposed mixing service - and I've started mining it after a lot of research, but aside from that, is there anything else which substantively differentiates it from other altcoints?

- i am a little confused by the pre-mine destruction conceptually.  I'm willing to believe that the coins are out of circulation, but having a still limited understanding of how this technology works under the covers, why is it FUD when others complain about this?

- I'm having a hard time figuring out what the value prop. is for the coin developer. What does someone like artos stand to gain as the creator of a unique digital currency?

- Let's say artos gets fed up with digital currencies and gets out of the game. What happens to Stablecoin?  It obviously (essentially) died after the initial disappearance, what is the required critical mass where that can't happen again?

Thanks,
TL
dmbf
Jr. Member
*
Offline Offline

Activity: 39


View Profile
December 06, 2013, 07:10:38 PM
 #493

sbc.pnwminer.com is showing an untrusted certificate issued on 12/2013 when I open the page now, so I'm reluctant to login to it until that's explained or fixed.

The SSL certificate is a self-signed certificate. I emailed the pool admin and he's testing SSL with self-signed before purchasing a trusted cert from a certificate authority.

Basically, you're fine. Your connection is encrypted but you're getting a warning because the certificate isn't signed by a trusted certificate authority.

Thanks. As the certificate had switched from being signed by a trusted CA, it could have been a MITM attack and I didn't want to take the risk until I'd heard something.

Mind you, it seems even with a proper certificate we can't be sure we aren't being spoofed, unless the site is using an Extended Validation cert and we're using a browser that supports them (Chrome, not IE), so we have to just try and be vigilant and hope for the best! https://www.grc.com/ssl/ev.htm
Cryddit
Legendary
*
Offline Offline

Activity: 840


View Profile
December 06, 2013, 07:11:28 PM
 #494

There's a simple protocol for destroying 1.5 million coins; simply transfer them to a provably unspendable address via pay-to-script hash, then reveal the script that always evaluates to false and let everyone see that the hash matches.  No client modification was necessary.  In fact I wondered *why* you had done a client modification to address this, because you can't prove that makes it unspendable; you can only prove you'd need to have most folks (and miners) using a different client in order to spend it.

At that point, even if the 1.5 million still show in the blockchain, no client no matter how old will honor an attempt to spend it.

But at this point, with everyone running the modified client, you can't do that without causing a fork.  
fitsbach
Member
**
Offline Offline

Activity: 112


View Profile WWW
December 06, 2013, 07:11:36 PM
 #495

AltMiners StableCoin Pool
PPS - VarDiff - Stratum Only - 1% Pool Fees

Hi Folks, we just launched our new StableCoin Pool using:

Pay Per Share Reward System
Variable Difficulty
STRATUM Pro
1% Pool Fees



Register Here:
http://sbc.altminers.com

And Point your favorite mining software here:
Code:
--scrypt  -o stratum+tcp://sbc.altminers.com:4443 -u [i]Weblogin.Worker[/i] -p [i]Worker password[/i]
Happy Mining!
Check out our BossCoin Pool as well on http://bss.altminers.com

BTC: 1PtRYbWnLi5ZW9dszZL6BvuZNCQjWDiKrm
MCL: MZA9Wv75SAXBvb9K3NcP8Dm7B3pFUsgYQx
zavtra
Member
**
Offline Offline

Activity: 112


View Profile WWW
December 06, 2013, 07:15:47 PM
 #496

I'm new around these parts, and I've a few questions if anyone would be willing to indulge me:

- Stablecoin does seem unique with the proposed mixing service - and I've started mining it after a lot of research, but aside from that, is there anything else which substantively differentiates it from other altcoints?

- i am a little confused by the pre-mine destruction conceptually.  I'm willing to believe that the coins are out of circulation, but having a still limited understanding of how this technology works under the covers, why is it FUD when others complain about this?

- I'm having a hard time figuring out what the value prop. is for the coin developer. What does someone like artos stand to gain as the creator of a unique digital currency?

- Let's say artos gets fed up with digital currencies and gets out of the game. What happens to Stablecoin?  It obviously (essentially) died after the initial disappearance, what is the required critical mass where that can't happen again?

Thanks,
TL

Stablecoin has chosen the ideal transaction time: 40 seconds, the best between speed and security. Its other difference, aside from the mixing service, is that its mining difficulty adjusts almost constantly, at a rate of once per 90 blocks, which ensures a very steady and stable coin supply.

In response to the premine:

Hi.

so how exactly was the premine destroyed. if blockexplorer can see them, they are not rmoved from the code. it would be impossible in my mind, because of all the blockchain is hashed using this tx'es . the where also not sent to impossible address like "sTHEPREMINEDESTROYERADDRESS4Ph48Nk2". if I understand ,they are not destroyed, but locked-down right?

Destroyed was chosen because it's a dramatic and exciting word. To be more accurate, the coins were removed from circulation. They can not be spent.

I'm not sure what artos stands to gain. What did the developer of Bitcoin stand to gain? We will never really know.

I'd say the required critical mass to prevent Stablecoin from dying is when the mixing service gets released and is fully functional, which is soon. After that point many more developers will wish to hop on board, and as interest grows thoughout the different communities I can only see this coin going up. It's not a clone coin by any means.

Cryptedge - The world's first operational Altcoin-hedgefund
www.cryptedge.com
dmbf
Jr. Member
*
Offline Offline

Activity: 39


View Profile
December 06, 2013, 07:22:20 PM
 #497

It's a non issue. I could just as easily craft a client update that will create 50 billion coins and make them spendable only by me. This type of attack is possible on ANY coin.
Hey you can't help there being critics. I actually mine this coin and have quite a few, it's just that the users have to literally put all their trust in Artos that he won't do anything abusive such as making the coins spendable again or abusing the coin mixing service somehow.
All coins require trust in the developer. I wouldn't have invested in this coin if there was even the slightest chance of the genesis block causing issues down the line.

All this FUD is stupid and uninformed.

You really don't do yourself, or this coin, any favours by reacting so arrogantly to any concerns people raise.

I can't really have "trust in the developer" as I don't know him. So I'm taking a chance on this coin and if something comes to my notice that seems at odds with what I'd read before, then I'm going to start having doubts and reacting by calling people "stupid and uninformed" just makes you sound defensive, like you're trying to hide something or bury discussion. Not saying that's what you're doing but you should know that it doesn't come across well.
Slimnuts
Jr. Member
*
Offline Offline

Activity: 40


View Profile
December 06, 2013, 07:32:53 PM
 #498

It would be nice if there hadn't been any premine in the first place. Even with it being provably unspendable it still is a target for a lot of FUD and people who just don't have a technical understanding are obviously going to be cautious as well. It definitely has an effect on the marketability.
tlewisx
Newbie
*
Offline Offline

Activity: 5


View Profile
December 06, 2013, 07:38:17 PM
 #499

zavtra,

Thanks; that's helpful.  

I suppose my question about artos is more general -- there are so many people who pop up on this site announcing their new currency, and I keep wondering what they're hoping to gain by doing so: the only path to wealth uniquely available to them, that I can tell, is to mine the currency before anyone else can, and then work really hard to market it and gain traction so it becomes "worth" something.  But that's not a practice the community here or elsewhere appears to support; quite the opposite.  Regardless, it's not important - just a nagging curiosity.

Thanks,

TL
letta
Newbie
*
Offline Offline

Activity: 17


View Profile
December 06, 2013, 07:38:45 PM
 #500

AltMiners StableCoin Pool
PPS - VarDiff - Stratum Only - 1% Pool Fees

Hi Folks, we just launched our new StableCoin Pool using:

Pay Per Share Reward System
Variable Difficulty
STRATUM Pro
1% Pool Fees



Register Here:
http://sbc.altminers.com

And Point your favorite mining software here:
Code:
--scrypt  -o stratum+tcp://sbc.altminers.com:4443 -u [i]Weblogin.Worker[/i] -p [i]Worker password[/i]
Happy Mining!
Check out our BossCoin Pool as well on http://bss.altminers.com


Your post said 1%, but your page says 3%. Trying to find a good SBC pool here, hard to do.

SBC: sPjbS1CvNe6PXYht1kPhTJsXVo8f1rXH68
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 ... 91 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!