[ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast

[keccak512]

Well I actually wanted to wait for a response of keccak when I told him about my Dice site a couple of days ago but I got no response yet so I'm just gonna release it here now anyway.

House Edge: 1%.
www.heavydice.com

I will raise the limits as soon as I get ahold of more HVC.

What's your HVC address?

HPprVuuY26BkhuBkoXCoGjH29XNFSJLCTw is the bank account

Sent something for you.

[1715284024]

1715284024

[Robert Lewandowski]

Stop spamming that lol

[CoinGirl]

Stop spamming that lol

This is not spam... My website accept HVC and I want to let people know about that...
everybody promote their pools, dice site etc. so whats the problem?  

This is actualy good news for HeavyCoin. Coin cant get value if no one use it

[incin]

So it seems to me that value of coin is most directly correlated with interest which again is closely related to awareness. It would follow then, that creating an extremely simplified and user-friendly wallet that even non-mining community people could use to at least get a taste for the coin would be a really good thing for the community.

Would anyone be willing to build such a wallet? I don't have enough HVC right now for any meaningful bounty, but if you guys think it's a good idea I'm sure we can rope something together!

This is one of the biggest hurdles with crypto and mass adoption. The majority of people out there have no clue what they are doing on a comp let alone expecting them to setup their own coin wallet, and on top of that expecting them to know how to keep it safe. Crypto can tote all about security this and that but if the end user is clueless it will never work out.

[reorder]

If the same algorithm for Quark is broken, you do not win anything.

This is not exactly true, as Quark uses different superpositions depending on intermediate hashes, and having broken one hash, you win calculation performance for some hashes at least. However, hashes chaining is obviously more 'secure' than bit-wise composition, Quark is a clear winner here.

[gouda]

price is dropping

[Robert Lewandowski]

price is dropping

If you actually believe in the Coin don't check price every hour.

[deadthings]

price is dropping

Selling high is only half the battle.

[Stratobitz]

Good time to buy. There is a large buy up that will be happening soon. I called it yesterday, before Fontas. Check my posts. When I hear its about to happen I will post as you should buy in before. May not drop to these levels again considering the quantity I hear my contact is planning on acquiring.

[Stratobitz]

PM me I'll likely send the info out (provided I'm up) before it happens by message. You can tip me some HVC after I say I told you so!!

[Stratobitz]

price is dropping

Selling high is only half the battle.

A large chunk of coins was also lost due to a corrupt wallet PW so the float is less than what people think.

[delusiona1]

price is dropping

Selling high is only half the battle.

A large chunk of coins was also lost due to a corrupt wallet PW so the float is less than what people think.

Define float ?

[Stratobitz]

Number of coins in market.

[Stratobitz]

Volume on Mintpal is CRAZY for a coin this new. Good job Devs!

[zoobidoo]

hi guys
my wallet tells me i'm in a wrong fork
i've been running 1.0 since beginning
any idea ?

[dimshadow]

That's already complete nonsense. The developers are just full of crap. Let's say there is a second-preimage attack for BLAKE-512. So am able to compute an input value X, so that BLAKE-512(X) = Y, where Y matches the difficulty and finds a block. If Keccac runs before Blake, I still need to find a l need to find an input Z, so that Keccak(Z) = X.

Furthermore, they claim:


LMFAO. These kids have no clue what they are talking about. In fact, the opposite is true. If one hash function is broken, it's possible to freely choose the corresponding 64 bit in the output. Oh guys, just quit this coin. It's pathetic and an insult to anyone capable of adding 1 and 1.

Did you miss the 'interleaved' word somehow? You need all 4 hashes to have last 4 bits zero to match the target 0x0000FFFF.. I'd suggest just reading the code.

However, using only last 64 bits of each of 4 hashes (and effectively only last 8-10 bits for PoW at current difficulty) kills the math behind their cryptographic security proofs.

The bit interleave part actually has the opposite effect in been ASIC resist. It literally takes zero cost do to fixed bit interleave in ASIC. Been an ASIC designer myself for almost 10 years,I would say this is less effective than dark/quark algorithm in terms of ASIC resist.
The worst part of bit interleave is that the difficulty target is directly mapped to each hash function, which makes parallel calculation possible and simple. If one of hashes result is less than partial target, the rest calc can be skipped.
If I were to implement this in Fpga, I would do it in 4 stages: hefty1+keccak, sha256, Blake, and groestl. The overall hash-per-sec is determined by hefty1+keccak. Reviewing the source code, my estimation is that complexity of hefty1 is in the same magnitude of sha256. So overall throughput would be similar to sha256. Considering cost of all hashes, 1/10 hash throughput of existing bitcoin Fpga miner is very easy to achieve.

[bradmurmz]

The major innovation here is the voting... We can forget all the hash function debates, because this is obviously more "secure" than SHA256/Bitcoin, so we can forget quark which is a major overkill anyways. Most importantly there is a decentralized mechanism for control of supply. which is a major innovation and valuable contribution to the crypto world.

Im still buying..

[keccak512]

That's already complete nonsense. The developers are just full of crap. Let's say there is a second-preimage attack for BLAKE-512. So am able to compute an input value X, so that BLAKE-512(X) = Y, where Y matches the difficulty and finds a block. If Keccac runs before Blake, I still need to find a l need to find an input Z, so that Keccak(Z) = X.

Furthermore, they claim:


LMFAO. These kids have no clue what they are talking about. In fact, the opposite is true. If one hash function is broken, it's possible to freely choose the corresponding 64 bit in the output. Oh guys, just quit this coin. It's pathetic and an insult to anyone capable of adding 1 and 1.

Did you miss the 'interleaved' word somehow? You need all 4 hashes to have last 4 bits zero to match the target 0x0000FFFF.. I'd suggest just reading the code.

However, using only last 64 bits of each of 4 hashes (and effectively only last 8-10 bits for PoW at current difficulty) kills the math behind their cryptographic security proofs.

The bit interleave part actually has the opposite effect in been ASIC resist. It literally takes zero cost do to fixed bit interleave in ASIC. Been an ASIC designer myself for almost 10 years,I would say this is less effective than dark/quark algorithm in terms of ASIC resist.

Bit interleaving is not used for ASIC nor GPU resistance.

The worst part of bit interleave is that the difficulty target is directly mapped to each hash function, which makes parallel calculation possible and simple. If one of hashes result is less than partial target, the rest calc can be skipped.
If I were to implement this in Fpga, I would do it in 4 stages: hefty1+keccak, sha256, Blake, and groestl. The overall hash-per-sec is determined by hefty1+keccak. Reviewing the source code, my estimation is that complexity of hefty1 is in the same magnitude of sha256. So overall throughput would be similar to sha256. Considering cost of all hashes, 1/10 hash throughput of existing bitcoin Fpga miner is very easy to achieve.

HEFTY1 should account for ~95% of the runtime, so doing the 4 secure hashes in parallel will only reduce the remaining 5% of the runtime.

[keccak512]

Volume on Mintpal is CRAZY for a coin this new. Good job Devs!

The major innovation here is the voting... We can forget all the hash function debates, because this is obviously more ASIC resistant than SHA256/Bitcoin, so we can forget quark which is a major overkill anyways. Most importantly there is a decentralized mechanism for control of supply. which is a major innovation and valuable contribution to the crypto world.

Im still buying..

Thanks to both.

[niothor]

price is dropping

Selling high is only half the battle.

Buying low is the other half.
And to win the battle you'll have to not be dreaming when doing the trades.