[ANN][SFC] SafeCoin - The Real Safecoin. May Launch

[jjgallow]

Well, it's May 1st Somewhere!

Here is the Concept and Feature release for SafeCoin:

The concept of SafeCoin, is to stay true to its name.  Simple, yet extremely challenging.

SafeCoin will be released as the safest Cryptocurrency Ever.

I expect a lot of skepticism at the feature list.   Anyone who knows anything about cryptocurrency would be.

But here it is anyway:

1.  The world's first Quantum Computer - Proof coin.   Safecoin will be theoretically and practically un-crackable.  By Any amount of computing power.
    
      Current bitcoin and altcoin economies are based on the concept that it is not economically worthwhile to expend the necessary computing power to hack, fork, or otherwise compromise them.

      This is a very interesting, but ultimately problematic concept to base the world's next currency on.  

      SafeCoin simply eliminates the possibility of hacks, cracks, forks, or compromises.

   Limitations:   Only theoretical proof can be given.  First of all, I don't have a Quantum Computer handy.   That being said, there is already existing evidence that Bitcoin and other currencies CAN be seriously compromised by far less than a quantum computer.   SafeCoin addresses all known weak points, and considerably enhances the overall security of the coin.

  Methods:   SafeCoin replaces the central algorithm of all currently existing cryptocurrencies...which actually has nothing to do with SHA-256 (it replaces this too).    It replaces ECC, which is truly the core of what keeps these coins safe.   Mining aside, when this digital currency is actually USED as currency, the most important protection it has is ECC.   ECC is fantastic, but may not actually be Open Source, and more importantly, can be compromised by Quantum Computing.   Safecoin combines Two New algorithms, embedded within each other, to replace ECC with protection which is not only Quantum Computing resistant, but Quantum-Computing Proof.  This method is not only unique to cryptocurrency, but is an entirely unique encryption method altogether, and the first implementation of its kind.

2.   The fastest transaction speeds...ever (without cheating, that is).     More benchmarking is needed here.   All I want to say at this stage is that the transactions are fast.  Real fast.

3.    You've all heard this one before:    This is a "CPU Only" coin.

       I promise that this will work better for CPU Mining than any other coin previously released.  I Do NOT promise that it will be forever.  It could, but I can't make that promise.  CPU miners are encouraged to get in early, and often.

       Many intuitive countermeasures will be taken.   For instance, this Feature release is a massive wall of text with not a single piece of eye candy or crowd sourcing.  The marketing will come After, not Before, we all have our stakes.

       Concepts and code have been borrowed from HeavyCoin, ByteCoin (Monero), and Securecoin (Quark).  All of which were initially successful CPU-only currencies (which eventually failed)

       A new algorithm is being introduced which should ward off most GPU mining, for some time to come.  

       GPU mining has its place.   I expect that at Some point GPU miners will successfully take over the mining of this coin, like All coins.  
            One big difference:   They may actually want to consider keeping this coin.  A lot of GPU miners have lost their shirts by losing their coins.   SafeCoin is written to provide the security needed for large investments.

4.    You Haven't heard this one yet:   This is a "BOTNET PROOF" coin.

       What?

       Yes, this is a BotNet proof coin.   It will be for quite a while, at any rate.  

       Really?

       Yes.

       How?

       I can't divulge all of that quite yet for obvious reasons.   But I will mention one thing:   Windows Users won't be happy.


5.    Pump and Dump Protection:

       Wallet Addresses which show a 50% or greater loss of coins (ie., a dump) will experience a greater difficulty level when mining.

       Wallet Addresses which show an accumulation of coins (good for the community) will experience a lesser difficulty level.

       I am still WORKING on a contract implementation which allows users to lock their coins in long term (and possibly convert to leaps).  If implemented on launch, this will also strongly decrease mining difficulty.


6.   Coin Loss Protection.   A distributed Escrow and Exchange system designed to prevent Mt. Gox incidents.

      
7.    Anonymity.  The coin currently has anonymity features similar to Darkcoin.    I am still debating this implementation.  


8.    Many other features (as indicated by the hint to contracts, options, leaps etc).      It's not that this coin Can't have gimmicks.  But the focus is definitely on Safety, and Simplicity.   Additional features may be announced as they are found appropriate and deemed safe.



Coin Economy:   Bitcoin economy

No Premine
21 Million coins.  No more, no less.

Rewards per block, etc:   still to be determined.  I have more benchmarking to do.



Thanks for your time!!!  More info available shortly.   pls msg me for more details  

http://safecoin.org

Welcome to the Real Safecoin, first announced here on Jan 27, 2014:
https://bitcointalk.org/index.php?topic=434072.msg4765975#msg4765975

Concept and Feature Debut on May 1st, Law Day (to celebrate SafeCoin's Pending trademark)

Pre-Launch on Mother's Day, 2014. The Birth of SafeCoin.

Launching on Memorial Day, 2014. (Source Code Release)

Reserve set aside for the sacrifices of those who keep us safe.


Safecoin is unlike any other coin ever conceived.    

This is not a MaidSafe closed-source pump and dump.

This is the Actual SafeCoin,

Without giving anything more away until May 1st, the great name will not dissapoint.   This is the coin that will restore and affirm coinfidence in cryptocurrency.   It has been a long time in the making.

[1714967540]

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[1714967540]

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[webbson]

This might be interesting.

[Mr-zhang]

i want join.but i know it's too late 

[platorin]

So what's new in this project what I haven't seen already?

[TheMightyX]

you dont want to always be known as "the real safecoin".

do yourself a favor and choose a new name. if all this coin had going for it was the name then you should probably quit right now.

how hard is it to come up with a name?
if you dont move the fuck on you are going to start looking like a whiny bitch.

this happened, deal with it and dont end up calling your project RealSafeCoin because thats just asking to fail

[jjgallow]

Just to clarify, as per the subject heading, the name of this coin continues to be "SafeCoin", the same as it has since January 2014 on first announcement.

I believe this is very clear in the subject.  I do not believe that it can be more clear.

It started as "SafeCoin".  It will continue to be called SafeCoin.  And if another 5 projects also decide to call themselves SafeCoin, this will Still be called SafeCoin.

And that is just how it is.  I realize some people will have invested in other projects that copied the name.   I can appreciate the concern, but the name is not changing.

[jjgallow]

So what's new in this project what I haven't seen already?

    May 1st, as per posted timelines, this will be clarified (and I can't wait!)

There are a number of new features and a lot of work to do between now and announcing them.

There are one or two features which I expect to have a considerable impact, and you will not have seen them before.   

All I will say is that they are both aimed at making the currency Much Safer, as the name suggests. 

[luneng]

So what's new in this project what I haven't seen already?

   May 1st, as per posted timelines, this will be clarified (and I can't wait!)

There are a number of new features and a lot of work to do between now and announcing them.

There are one or two features which I expect to have a considerable impact, and you will not have seen them before.  

All I will say is that they are both aimed at making the currency Much Safer, as the name suggests.  

I am in .I think it will be better.

[hualehua]

I think it will be better.

[meiguo]

http://safecoin.org

Welcome to the Real Safecoin, first announced here on Jan 27, 2014:
https://bitcointalk.org/index.php?topic=434072.msg4765975#msg4765975

Launching on Memorial Day, 2014. (Source Code Release)

Concept and Feature Debut on May 1st, Law Day (to celebrate SafeCoin's Pending trademark)

Pre-Launch on Mother's Day, 2014. The Birth of SafeCoin.

Reserve set aside for the sacrifices of those who keep us safe.


Safecoin is unlike any other coin ever conceived.    

This is not a MaidSafe closed-source pump and dump.

This is the Actual SafeCoin,

Without giving anything more away until May 1st, the great name will not dissapoint.   This is the coin that will restore and affirm coinfidence in cryptocurrency.   It has been a long time in the making.

I can not open your websit...

[roserose]

first safecoin?

very good ,I'm in.

good work.

[jjgallow]

May 1st Feature and Concept release has been edited into the first post, as per timelines provided.

[stoneone]

What's the difference safecoin and maidsafe?

[jjgallow]

SafeCoin has literally nothing in common with MaidSafeCoin.


MaidSafe copied this name for their IPO launch, as MaidSafeCoin was not as appealing.

It is unfortunate, but I will explain this as many times as needed.

[stoneone]

I know. thank you.

[Jocuserious]

SafeCoin has literally nothing in common with MaidSafeCoin.

So., erm, Maidsafe is working on a decentralized internet.  If your Safecoin has literally nothing in common with them then what benefits over that are we talking?  

And I am not sure Monero (Which is not Bytecoin) has failed just yet as stated in the OP. It started less than a week ago.

I am not sure about anything else as you say that there is much more 'benchmarking' and 'debating' to be done.

I'm not trying to bust chops but there is some information that seems not true or not accurate or however you might want to put it...

[jjgallow]

SafeCoin has literally nothing in common with MaidSafeCoin.

So., erm, Maidsafe is working on a decentralized internet.  If your Safecoin has literally nothing in common with them then what benefits over that are we talking?  

And I am not sure Monero (Which is not Bytecoin) has failed just yet as stated in the OP. It started less than a week ago.

I am not sure about anything else as you say that there is much more 'benchmarking' and 'debating' to be done.

I'm not trying to bust chops but there is some information that seems not true or not accurate or however you might want to put it...

My question would be, what benefits does maidsafe provide?   Unless laundering Mt Gox coins is considered a benefit, I don't see any.  We already have a dozen different decentralized internet coins, none of which are as good as the already existing TOR network, or the TOR network's competitors.   And, maidsafe isn't decentralized.  If you look at its structure, it's actually centralized.  So.....a better question might be what advantages maidsafe has over the existing internet.  I don't see any.

My second question would be how any of that has any relevance to Safe Currency.  Maidsafe does not actually provide any additional security measures.  In fact it is far less secure than bitcoin.   I realize that SafeCoin is a catchy name.  I understand it helped their IPO.  But .... they have nothing at all to do with Safe Coins.  And they're not the originators of the Safecoin name either.  They didn't even have a safecoin domain name until 4 weeks before their launch.

Monero is awesome.  I only mean that it failed in being a CPU-only coin.  And to be fair, you are correct that it hasn't.  But BYTECOIN did fail.  Last night.  And Monero is a cloned fork of BYTECOIN.  So, it is inevitable now.  The belief is that it was Botnets.  I do NOT mean that MOnero has failed as a currency.  I have high hopes for it.

With regards to your concerns about lack of information, or untrueness...that's fair.  I expect that from anyone who knows what they're doing.  

The trust and the belief won't be there until after the launch and the code release.  And rightfully so.   There is no IPO, I'm not selling a promise, like so many others have done.  

The features either interest you, or they don't.   If they do interest you, proof and code and all that good stuff will come.   I just want awareness at this stage, not allegiance or investment.

[illiki23]

I will return to this thread when you post actual details about your innovations.  You are making some big claims here so get working on a real whitepaper and we will see where you go.

[jjgallow]

I will return to this thread when you post actual details about your innovations.  You are making some big claims here so get working on a real whitepaper and we will see where you go.

Thank you, I appreciate it.   I have already had my name copied once before getting out of the gate, so please understand that I'm not in a rush to release the source and whitepaper.  Because as good as the name is, the source is better.

You can Expect both on Memorial day.   But Im aiming to make this coin mineable on mother's day.

[atleticofa]

© 2014 safecoin, All rights reserved.

http://www.safecoin.io/



Good luck, you will need with that name haha

[jjgallow]

© 2014 safecoin, All rights reserved.

http://www.safecoin.io/



Good luck, you will need with that name haha

http://www.markhound.com/trademark/search/8rvsaeGwV

[jjgallow]

"Safecoin will be theoretically and practically un-crackable."

What you're claiming is theoretically impossible, waiting for the whitepaper... but it looks like one of the more transparent scams, the same name as hyped up maidsafe, unrealistic claims, no proof, not even conceptual (I believe you came up with the name, and its unfortunate that they took it... but cmmon, its just a name, not even a good one at that). This makes it look like you just have the name and want to capitalize on it. Hope I'm wrong...

If you know its impossible...why are you waiting for the whitepaper???

How is this the same as maidsafe?   There is no IPO.  My marketing is next to none.   What do we share in common other than fhe name they copied?

Maidsafe wanted an investment on a highly marketed, poorly thought idea.

I want no investment, on a well thought out currency with no marketing and a great concept.

The names sound the same, because they are the same.   This is true.   You will need to get your head around this because that's where the similarities end.

[damei]

 "The world's first Quantum Computer - Proof coin."

good .I'm in

let it lauch!

[wuhaitq]

Pow? of Pos?

I think real Safecoin better than safecoin

 

[caisheng]

Do not quite understand, and the other does not have what difference. Don't look very smart appearance, a closer look no characteristics.

[jjgallow]

Your skepticism is warranted and understandable.   I am satisfied just that you see the value in the claims.   Truthfully....it will take a lot more than a whitepaper to satisfy most skeptics.   All in good time.

[jdun]

5.    Pump and Dump Protection:

       Wallet Addresses which show a 50% or greater loss of coins (ie., a dump) will experience a greater difficulty level when mining.

       Wallet Addresses which show an accumulation of coins (good for the community) will experience a lesser difficulty level.

       I am still WORKING on a contract implementation which allows users to lock their coins in long term (and possibly convert to leaps).  If implemented on launch, this will also strongly decrease mining difficulty.

I appreciate your attempt to prevent PnD, but practically speaking, once I had collected a sufficient quantity that I was ready to sell, then I might also be ready to stop mining, and thus I wouldn't care about "increased difficulty" that would come with dumping. Just a thought.

[jjgallow]

5.    Pump and Dump Protection:

       Wallet Addresses which show a 50% or greater loss of coins (ie., a dump) will experience a greater difficulty level when mining.

       Wallet Addresses which show an accumulation of coins (good for the community) will experience a lesser difficulty level.

       I am still WORKING on a contract implementation which allows users to lock their coins in long term (and possibly convert to leaps).  If implemented on launch, this will also strongly decrease mining difficulty.

I appreciate your attempt to prevent PnD, but practically speaking, once I had collected a sufficient quantity that I was ready to sell, then I might also be ready to stop mining, and thus I wouldn't care about "increased difficulty" that would come with dumping. Just a thought.

It's a really valid concern.  I've put a lot of thought into it, with regards to contract and derivative solutions.  I am still thinking about it.

The method does not prevent dumping the coin.   It Does mean, however, that miners who have a long term investment interest in the coin will also have a long-term competitive advantage in mining it.

It means that miners with a long-term interest in the coin should be able to gain a greater market share of the coin.

It means that miners with strictly short-term goals will be almost completely cut out of the market for this coin, and ultimately have little interest in it.

I could take the concept further, because you are right that it is not 100% pump and dump prevention.   I am just not sure if I should.  My feelling is that this measure is adequate at the stage for the coin.  For a mature coin like bitcoin, on the other hand, contracts and derivatives are needed.   I would almost rather let others iron this out, and fork it in a few years from now when it's necessary, perfected, and secure.

[simonfromtheuk]

I'm in if its ok with u guys.

[TheMightyX]

Just to clarify, as per the subject heading, the name of this coin continues to be "SafeCoin", the same as it has since January 2014 on first announcement.

I believe this is very clear in the subject.  I do not believe that it can be more clear.

It started as "SafeCoin".  It will continue to be called SafeCoin.  And if another 5 projects also decide to call themselves SafeCoin, this will Still be called SafeCoin.

And that is just how it is.  I realize some people will have invested in other projects that copied the name.   I can appreciate the concern, but the name is not changing.

That seems a bit immature; to stifle the adoption of your project because you don't want to change a simple name.
From a business perspective this is quite limiting.

5.    Pump and Dump Protection:

       Wallet Addresses which show a 50% or greater loss of coins (ie., a dump) will experience a greater difficulty level when mining.

       Wallet Addresses which show an accumulation of coins (good for the community) will experience a lesser difficulty level.

       I am still WORKING on a contract implementation which allows users to lock their coins in long term (and possibly convert to leaps).  If implemented on launch, this will also strongly decrease mining difficulty.

How will these calculations be made? Once per day? per block? Couldn't I just reduce my wallet size (withdraw) 49% of my coins per day until most of them are gone (4 days).
Will these adjustments happen client-side?
Is this to be a closed source project then?

[jjgallow]

I'm in if its ok with u guys.

It is, if course 

[jjgallow]

TheMightyX,   the name is staying.  Maidsafecoin is yesterday's news.  Exchanges only recognise it as Maidsafecoin.   And the dump is underway.

Your idea to beat the system is creative, and you are welcome to try it  

But no, I have no plans to give people a step by step guide on how to beat it.

As per the posted timelines, the Source Code will be released on Memorial Day.  You should be able to mine the coin successfully then, even on a personal computer or laptop, right from full source code, and do nicely.

If you don't run a GPU or botnet farm, CPU mining will be available on mother's day to you.

I am prepared for a backlash when the coin is mineable in four days, but the source code is still a few days out.

However, I know that backlash will mostly be from GPU miners and botnet operators.   And I know why.

Even the most hardcore Open Source Enthusiast can handle a few short days delay of the source code release.

If you are concerned that I may implant a keylogger,  etc in the code, that is fair.  But you should be concerned about that with every coin, not just this one.  Releasing the source code has absolutely no impact on a DEV's ability to Scam you or deceive you on what is running on your computer.   Same with Whitepapers.   Asiacoin is the most recent of dozens of examples.

I am not asking for money or bitcoins.

I have trademarked the name, and made no attempt to hide my identity.   I would prefer that it not be splashed on these boards.    But I am a real person, and if you know what you are doing, you can find me.

Not many coins can say the same.   I have done my part to separate myself from the scams.

You are of course welcome to wait until Memorial Day.

[jjgallow]

Just a note, as the aim was to launch today:

There are still a few details to work out and it may be a bit longer before I generate the official genesis block and issue the coin.

I am Not premining it, this is just a small delay to make sure this is done right on launch.

cheers

[wukelan]

wait wait
 i am in.

[flanker782]

Just a note, as the aim was to launch today:

There are still a few details to work out and it may be a bit longer before I generate the official genesis block and issue the coin.

I am Not premining it, this is just a small delay to make sure this is done right on launch.

cheers

Is there a specific second launch date?

[jjgallow]

Just a note, as the aim was to launch today:

There are still a few details to work out and it may be a bit longer before I generate the official genesis block and issue the coin.

I am Not premining it, this is just a small delay to make sure this is done right on launch.

cheers

Is there a specific second launch date?

There will be, yes.   The launch date will be fair.   

I'll announce it shortly.  I intend to keep the complete source launch on Memorial day and it will be no later than then.

[asdlolciterquit]

what happened? any news?

[jjgallow]

what happened? any news?

The project has been delayed but not stopped.

Life pulled me away from it for a while, and when I came back, cryptocurrency had evolved.   

I'm currently hard at work re-writing some code, and working to ensure that I launch cutting-edge, as well as groundbreaking software.

More to come soon

[safecoin]

Safecoin has launched!  

Cryptocurrency has come come to advance so quickly, that the concept behind this coin is now one of collaboration.

Safecoin starts off as a fork of Bytecoin.  However, this is done in a sustainable manner using forknote.  This ensures that the development of Safecoin constantly matches that of Bytecoin.

Will it always be a clone?  No.  Launching is just the first step on the roadmap.  I will be extending this coin past bytecoin, while still remaining compatible with their development, and updating the coin with their updates.   It will have everything bytecoin has, and more.

The economy around this coin is also safer, with a guarantee that one Safecoin will always have the value of one Bitcoin.

More to come...of course.

http://safecoin.org

[BlackPanda]

Safecoin has launched!   

Cryptocurrency has come come to advance so quickly, that the concept behind this coin is now one of collaboration.

Safecoin starts off as a fork of Bytecoin.  However, this is done in a sustainable manner using forknote.  This ensures that the development of Safecoin constantly matches that of Bytecoin.

Will it always be a clone?  No.  Launching is just the first step on the roadmap.  I will be extending this coin past bytecoin, while still remaining compatible with their development, and updating the coin with their updates.   It will have everything bytecoin has, and more.

The economy around this coin is also safer, with a guarantee that one Safecoin will always have the value of one Bitcoin.

More to come...of course.

http://safecoin.org

This new coin or coins that had existed before?

[safecoin]

This new coin or coins that had existed before?

"relaunch" might be the proper term.  It has existed for a long time, but not heavily advertised (yet)

[Jocuserious]

Safecoin has launched!  

Cryptocurrency has come come to advance so quickly, that the concept behind this coin is now one of collaboration.

Safecoin starts off as a fork of Bytecoin.  However, this is done in a sustainable manner using forknote.  This ensures that the development of Safecoin constantly matches that of Bytecoin.

Will it always be a clone?  No.  Launching is just the first step on the roadmap.  I will be extending this coin past bytecoin, while still remaining compatible with their development, and updating the coin with their updates.   It will have everything bytecoin has, and more.

The economy around this coin is also safer, with a guarantee that one Safecoin will always have the value of one Bitcoin.

More to come...of course.

http://safecoin.org

You can't guarantee parity with BTC.  And despite the argument from a year and a half ago, the name Safecoin isn't going to stick here.

This is an obvious scam. 

[xorlogic]

Indeed this http://safecoin.org/ is a scam; just ask on http://forum.safenetwork.io 100 people familiar with the real maidsafe.net safe network safecoin project would confirm with that safecoin.org is not true.

[ironbit]

Has the coin already been released because i do not see a wallet link or some essential informaton :/

[SafeCoins]

Has the coin already been released because i do not see a wallet link or some essential informaton :/

It has been, although very basic, but a new web wallet will be out shortly.

http://safecoin.org


Many new things are coming for this coin in 2018


FYI:    All remaining holders, please PM me for your choice of refund or token.    Safecoin will be re-launching shortly as its own coin on its own merit.    An Asset-backed coin will be created to replace this existing functionality.    Existing holders may have their choice of the new token (equivalent backed value), or fiat (100% reimbursement).    



NEW UPDATE:    Happy Data Privacy Day!    To Celebrate, SafeCoin is relaunching with an truly innovative new coin!   

New thread here:  https://bitcointalk.org/index.php?topic=2838370.0

[Jabbawa]

Has the coin already been released because i do not see a wallet link or some essential informaton :/

It has been, although very basic, but a new web wallet will be out shortly.

http://safecoin.org


Many new things are coming for this coin in 2018


FYI:    All remaining holders, please PM me for your choice of refund or token.    Safecoin will be re-launching shortly as its own coin on its own merit.    An Asset-backed coin will be created to replace this existing functionality.    Existing holders may have their choice of the new token (equivalent backed value), or fiat (100% reimbursement).    



NEW UPDATE:    Happy Data Privacy Day!    To Celebrate, SafeCoin is relaunching with an truly innovative new coin!  

New thread here:  https://bitcointalk.org/index.php?topic=2838370.0

SCAM ALERT!

This shit still isn't going to fly. MaidSafe is the real deal with a £50M+ company and a holder asset with a $160m+ marketcap. SAFE = Secure Access For Everyone.... and it has done since early 2014, long before you 'came up with the name'.

There's no one in crypto from 2015+ who doesn't know about MaidSafe and SafeCoin. There's also no one from any period who knows about this dog-shit scam.... because it is not worth knowing about, apart from as a warning to others. This scam will only rip off confused noobs or idiots.

If you are newer to crypto then be warned. This project is scamming off the name, trying to adsorb some of the marketing from MaidSafe and con some people who don't know any better.

SCAM SCAM SCAM!