[ANN] Lava - Zcoin POS fork - Planned Avalanche implementation

[privacymattersnow]

Lava - Lelantus + Avalanche proposed protocols

Join Discord group: https://discord.gg/YV2tNb5
Join telegram group: https://t.me/LavaANN

Giveaways
Get free Lava Here: https://t.me/LavaMoney_Airdrop_Bot
20 Lava for tasks + 20 per referral

Also, you can register at the official Lava faucet and get 25% total referral comission at https://lava.money/

Bounties:
Check Discord: https://discord.gg/YV2tNb5

Lava Forum and Updates: http://lava.money/forum

Lava is Private, Scalable Money - A customized Proof of stake fork of Zcoin that will implement the novel Avalanche protocol to enable Mastercard and Visa level Transactions per second and 1 second settlement.

Lava's Potential and some of it's history: https://lava.money/forum/showthread.php?tid=26

Lava Github repository: https://github.com/Lavacoreteam/Lava

Coin specs
Name: Lava
Ticker: LAVA
Blockchain: Custom Cryptocurrency, forked from Zcoin
Consensus: POSv3
Privacy Protocol: Sigma Protocol (by Zcoin)
Total supply: 1,000,000,000 Lava
Utility: Private, secure and scalable money
Premine: 100,000,000 Lava (10% of total supply),
of which 50,000,000 Lava (5% of total supply go to seed investors)
Block reward: 50 LAVA
Block time: 2 minutes
Block size: 10 MB
Inflation: 9.52 times lower than Bitcoin's (For example bitcoin had about 100% inflation it's first year while we have 13%)
POS block reward: 15 per block (30%)
Lava DAO Treasury block reward: 35 per block (70%) Due our low inflation this is equivalent to a ~7% development
on other projects which decreases each year. Your holdings get inflated ~7% the first year but the return on capital gains and value is exponentially higher then the 7% you get diluted.

Planned implementations:
Avalanche consensus: 1 second transactions, attack resistance, doublespend proof (attackers lose their coins if unsuccessful), scalability (thousands of transactions per second).
Lelantus (from Zcoin): Direct Anonymous payments. Requirement: hire specialized cryptographers and pay for code audits.
Lease Proof of Stake: Let someone else stake for you and split the rewards. Allows smaller stakers to join their stake with others trustlessly, or can allow one to stake safer by leasing your coins to a VPS.
On-Chain Governance: On-chain Lava DAO with voting according to stake
Exodus (from Zcoin): Digital Private Assets

Exchanges:

Southxchange:
https://www.southxchange.com/Market/Book/LAVA/BTC

Altmarkets.io
https://altmarkets.io/trading/lavaeth#
https://altmarkets.io/trading/lavabtc

Coinpaprika:
https://coinpaprika.com/coin/lava-lava/


Register at https://lava.money/
Verify your account with your email.




***OFFICIAL LAUNCH***

Lava launched on May 21th, 2020 at 8PM EST.

[1715055746]

1715055746

[1715055746]

1715055746

[Febo]

according to our calculation POW attacks costs about a couple billion dollars to attack and destroy bitcoin. The future is POS. POW is used as an extremely expensive and destructive way to distribute coins, which always end up in centralized CPU, GPU or ASIC mining farms anyway.

What you are saying makes no sense. Attacks cost billions. To gain little. That sounds quite secure.  You can also attack PoS with 51% attack and then is game over for that coin. 
ASIC mining is dangerous if there are secret ASIC producers that dont sell their ASIC and mine on it. Yes a lot of coins is such, I dont think Bitcoin at this point of time is such, but was in past.   You can mine Monero with your CPU and help to its decentralization.

[privacymattersnow]

It costs about 500k per hour plus about 1-2% of marketcap in mining hardware. You can short and recover the cost. Paying 2-5 billion $ to protect your monopoly is a small price to pay. They pay that probably bail banks with REPO agreements per day. FED balance sheet has expanded 300B since September i believe.

Now what will happen the first hour bitcoin is attacked. people panic, price goes down and cost to attack becomes cheaper, this happens in a loop or spiral of death. Trust will be permanently destroyed in bitcoin and attacks become about 10k an hour like smaller altcoins. Miners only need to recover the cost of their miners and a extra margin. They dont have huge skin in the game, whales, staker, holders do.

[shinratensei_]

Just support the faucet distribution and i think you must try to see how raiblock was using that method to distribute the tokens and that is getting a huge demand.
I thought that try to use POW is not always become the best solution. Some people may argue if that was a fully decentralized consensus but we must think about another alternative way to distribute the token.
So far only a few projects that used faucet distribution and that's a good idea to try.

[0xcosmos]

according to our calculation POW attacks costs about a couple billion dollars to attack and destroy bitcoin. The future is POS. POW is used as an extremely expensive and destructive way to distribute coins, which always end up in centralized CPU, GPU or ASIC mining farms anyway.

expensive mining to generate new coins has a big impact on value of the coin
you want to make the coin decentralized by faucet distribution but its value will be next to nothing when all it does is same as zcoin
also the prices will never be stable because of the sell off from people as soon as they have received a good amt from faucet

[Febo]

FED balance sheet has expanded 300B since September i believe.

Oh so you believe FED will fake Bitcoin transactions and mine this fake block and scam people they trade with?  Who they trade with? And you think they will those people that trade with FED will not make charges against FED?  Do you think when public finds out for this fraud FED director will not lose job before he will go to prison for fraud?

I would suggest you to google what 51% attack does and how you can profit with it.  I would also suggest you to google why 51% attacks on PoS chains are lethal.

[privacymattersnow]

Just support the faucet distribution and i think you must try to see how raiblock was using that method to distribute the tokens and that is getting a huge demand.
I thought that try to use POW is not always become the best solution. Some people may argue if that was a fully decentralized consensus but we must think about another alternative way to distribute the token.
So far only a few projects that used faucet distribution and that's a good idea to try.

 Faucets are subject to CAPTCHA farm attacks while ICO are seasonal and may be less popular than faucet distribution.

[lemonandfriesonetwo]

Faucet works. It's good for distribution. 

[meanwords]

Basically you just want to make a POS coin with faucet distribution? I mean what's new? You don't have your starting developers? Why would they interest in this? What's your plan? Your road map? There's too little information. I bet you are just going to make things along the way without any proper long term plan. You don't even have a proper ANN and just asking developers. Please don't make another shitcoin.

[Aabcde]

Faucet includes a simple and efficient way of distribution. But dev has to think of a way to prevent cheaters from rooting the total coins. If this is not anticipated, I think later this coin will only become shitcoin because cheaters will dump it on a large scale and from here dev also looks unconcerned with cheater issues so I assume that dev will also dump the coins themselves.

[privacymattersnow]

FED balance sheet has expanded 300B since September i believe.

Oh so you believe FED will fake Bitcoin transactions and mine this fake block and scam people they trade with?  Who they trade with? And you think they will those people that trade with FED will not make charges against FED?  Do you think when public finds out for this fraud FED director will not lose job before he will go to prison for fraud?

I would suggest you to google what 51% attack does and how you can profit with it.  I would also suggest you to google why 51% attacks on PoS chains are lethal.

no they wont double spend, They will simply reject all other miners blocks, forever. and every hour they suspend the network, the cost becomes cheaper and cheaper. I can garentee not a single miner will risk their capital mining at a loss to try to "outhash" the attacker. they will jump ship even if it means losing their miners. No POW project has a future. The bitcoin POW system only survives by wasting 5B a year, it means users have to subsidize 5B a year or more.

[privacymattersnow]

***UPDATE 2***
Hi. id like the community feedback on funding and governance. As an intermediate solution I'd like to copy Nix off chain governance model, for public voting of all the treasury fund. I don't know how to code it. but if voter can sign their blocks that would work too. This will allow for multiple teams, decentralization of development and transparency. https://nixplatform.io/wp-content/uploads/2019/02/NixGovernance.pdf. Also id like feedback on what you consider a fair development fee for bootstrapping the project. Think about things you would like to change in other coins and incorporate them here.

[privacymattersnow]

***UPDATE 4***

22/4/20

10-15 days until launch. Website is being developed. Lava blockchain development is finished. Go to telegram for updates.

[privacymattersnow]

Lava will officially launch on May 21th, 2020 at 8pm EST. (Unless some issue pops up). Once we launch, claim your free Lava on our website https://lava.money/

[miner987]

Page seems to be inaccessible? 

[privacymattersnow]

Page seems to be inaccessible? 

Landing page working fine. https://lava.money/

Airdrop/faucet registration is currently suspended for an update.

[Altmarkets]

LAVA is listed at Altmarkets

Deposits: https://altmarkets.io/funds#/deposits/lava

https://altmarkets.io/trading/lavabtc
https://altmarkets.io/trading/lavaeth

https://lava.money/

[privacymattersnow]

Currently Have a Giveaway Going on

Get free Lava Here: https://t.me/LavaMoney_Airdrop_Bot
20 Lava for tasks + 20 per referral

[privacymattersnow]

Lava listing on http://southxchange.com/ coming soon! A top 50 exchange in South America (located in Argentina), where you can buy crypto with your credit card. No KYC.

If you don't want to wait you can buy now at https://altmarkets.io/trading/lavaeth

[privacymattersnow]

Working with Crypto Masters to get Lava listed on the best exchanges for the lowest fees. Southxchange now, and many more to come!