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Author Topic: [ANN][SUPERCOIN]First P2p Decentralized Trustless Anonymous Wallet Coming Soon  (Read 468916 times)
strasboug
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July 13, 2014, 07:53:36 PM
 #7521

Price already 5x, lets hope 10x or 20x people just starting buying again so 10x or 20x not far.

yes go go super!
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July 13, 2014, 07:54:08 PM
 #7522

Hello, I want to give an update on our progress of phase-2 anonymous wallet. This work is a joint effort between
SuperCoin and MammothCoin dev teams.

Phase-2 of the anonymous wallet is to provide a trustless system, and a truely de-centralized p2p coinjoin system. Again the characteristics of the trustless system are:
-   Each party will do the best they can by gaining (e.g. coins).
-   Whenever possible, they will cheat to gain advantages.
-   They will not sacrifice their own benefits to do damages (e.g. cheat).
-   They will do damages even they don’t gain anything (make others lose, but they themselves will not lose, they may not gain either).

In phase-2, the sender of the coin will pick randomly any qualified peers as mixer and guarantor, to send the coins anonymously. This is a truely de-centralized p2p coinjoin system, which has no central authority at all in whatever format. Any qualified peers (eg holding enough coins in his wallet) can become the middle points of the transfer (of course if he wants, he can turn off the "service" from the config file).

This system is much more complex than the phase-1 mixer solution we already completed. It involves intensive usage of multisig addresses and transactions, with mini-escrows established so to constrian various parties involved and guarantee the smooth transfers of the fund.

I am glad to report that we've made significant progress on the phase-2 work.

First, we have defined a complex scheme that coordinate the anonymous send, and it guarantees that all different parties involved will behave correctly, because otherwise they will lose their own coins (mini-escrows in effect).

Second, we have fixed some significant bugs in the code that prevent some multisig features from working correctly. As some of you probably know, the Bitcoin codebase created the multisig system and it has some intensive testing there and many bugs fixed. Bitcoin uses protocol version of 700xx. All the PoW/PoS codebase, however, follows the NovaCoin codebase, which is currently at protocol codebase 60015. The multisig system is unfortunately not working in the 600xx codebase. And porting the whole 700xx to PoW/PoS is a siginicant of change, involves many complete code rewrites. We have successfully fixed the multisig address and transaction system in codebase 600xx without porting the whole new code over. This way it guaratees the smooth development/enhancement of SuperCoin and MammothCoin.

Now all basic building blocks especially the multisig addresses and transactions work great, we are in the process of implementing the whole phase-2 scheme. We can not reveal the details now, but we will publish whitepapers gradually on this and we will provide weekly updates to the community on our progress.

As you understand, devs all have their daily jobs and we are focusing on this whenever we have spare time. Our track record to deliver phase-1 is excellent. Our SuperSend mixer coinjoin solution is one of the best: intuitive, simple to use, fast and very reliable. This team knows exactly what it's doing and we are a very capable team, knowing all the details of the coin codebase, and is able to deliver as promised. So please understand that while we will do our best to communicate with community our progress, we can not be in the thread every day, and we need to focus to accomplish our implementation, there are a lot of work as you could imagine. Post your questions if any, we will try to answer as much as possible.

Supersend will be the best anonymous send, we have no doubt about it. SuperCoin and MammothCoin will become the best X11 and X13 coins. As we have the best devs, best technologies and best community here!



Very nice, Supercoin will be the 1st coin having completely de-centralized p2p coinjoin system, wonderful news!
So,I think we can look forward to something. Roll Eyes

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kopam
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July 13, 2014, 08:02:47 PM
 #7523

Good news but people keep on dumping, wonder why.
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July 13, 2014, 08:07:36 PM
 #7524

Good news but people keep on dumping, wonder why.

Because who bought high now thinking to out, It's not bad weak hand selling and whales mostly accumuating.


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July 13, 2014, 08:12:33 PM
 #7525

Good news but people keep on dumping, wonder why.



A little visual view of the volume of Super. Notice how in the past no coins were selling at 1k range, only a small amount at 2.5k range, and a significant amount at the 5k range.

The price goes up again and boom, volume comes back. This graph makes clear how the price around 1k range was unrealistic, you can't set a price without a real trading volume. Supercoin is at its max vitality when it's around 5k range (even though it's imo still undervalued at that range but that's my subjective opinion).

What i'm trying to say is: a lot of people seem to be selling now already because of fear. They don't realise and check the facts I just explained. The price of the past days was a 'fake' price, i couldn't call it better with any other word.

I'm not commanding people to keep till we set a better price with this though, but I hope people will take some time looking at the past volumes & prices and try to put some thinking into it themselves. It's not a bad thing to do, not only with Supercoin but with all altcoins. Don't let fake prices manipulate your trading behavior, be smarter than that. And good luck with your investment.
strasboug
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July 13, 2014, 08:13:12 PM
 #7526

Good news but people keep on dumping, wonder why.

Because who bought high now thinking to out, It's not bad weak hand selling and whales mostly accumuating.

yes someone took some profits... but the dev team of super is very strong, they will deliver what they promised. we'll see price go up once people realize what it means the new phase-2 tech.
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July 13, 2014, 08:15:22 PM
 #7527

profit takers after the shake and bake back up she goes
SxC
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July 13, 2014, 08:19:24 PM
 #7528

This is an unpopular opinion here but...

The volume today was 100%, without a doubt, fake.

For anyone watching, it was CLEAR that someone would open up two tabs / have two accounts, put up a buy order and IMMEDIATELY buy it in full.

This generates fake volume and looks like a buy.

So yeah, this is a great coin, but don't be fooled by this volume. It's not real.

not real you say well i alone bought 5 BTC of that volume

and ofc it drops because ppl take profit it did go over 300%
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July 13, 2014, 08:20:41 PM
 #7529

This is an unpopular opinion here but...

The volume today was 100%, without a doubt, fake.

For anyone watching, it was CLEAR that someone would open up two tabs / have two accounts, put up a buy order and IMMEDIATELY buy it in full.

This generates fake volume and looks like a buy.

So yeah, this is a great coin, but don't be fooled by this volume. It's not real.

not real you say well i alone bought 5 BTC of that volume

Price move upto 5x not easy for fake volume, when price went up people start selling and then who faking the volume will be in loss.


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July 13, 2014, 08:24:59 PM
 #7530

It is one man show Wink noone wants to sell him so he is creating situation. Believers bought in right time now let others buy with the upward current as it will come Smiley


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July 13, 2014, 08:28:17 PM
 #7531

This is an unpopular opinion here but...

The volume today was 100%, without a doubt, fake.

For anyone watching, it was CLEAR that someone would open up two tabs / have two accounts, put up a buy order and IMMEDIATELY buy it in full.

This generates fake volume and looks like a buy.

So yeah, this is a great coin, but don't be fooled by this volume. It's not real.
A 400% rise, please explain how that volume is fake Smiley

Ofcourse some of the large trades today were orders between same individuals (no shit). What can I say... welcome to the altcoin world ?  Roll Eyes

This happens with all vital coins my friend...
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July 13, 2014, 08:31:20 PM
 #7532

This is an unpopular opinion here but...

The volume today was 100%, without a doubt, fake.

For anyone watching, it was CLEAR that someone would open up two tabs / have two accounts, put up a buy order and IMMEDIATELY buy it in full.

This generates fake volume and looks like a buy.

So yeah, this is a great coin, but don't be fooled by this volume. It's not real.

not real you say well i alone bought 5 BTC of that volume

Price move upto 5x not easy for fake volume, when price went up people start selling and then who faking the volume will be in loss.

This isn't about the price.

I saw at least 2, 2 BTC sell buys, and 1 10 BTC sell buy.

I'm not saying there wasn't legitimate volume. There absolutely was. But people are being misled here.

Isn't normal these thing in trading, who want to buy put big sell order and who want to sell put big buy order.
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July 13, 2014, 08:37:13 PM
 #7533

more BTC went into the sell side than has gone back into the buy side

in other words more Super got bought than has been dumped
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July 13, 2014, 08:38:05 PM
 #7534

This is an unpopular opinion here but...

The volume today was 100%, without a doubt, fake.

For anyone watching, it was CLEAR that someone would open up two tabs / have two accounts, put up a buy order and IMMEDIATELY buy it in full.

This generates fake volume and looks like a buy.

So yeah, this is a great coin, but don't be fooled by this volume. It's not real.

not real you say well i alone bought 5 BTC of that volume

Price move upto 5x not easy for fake volume, when price went up people start selling and then who faking the volume will be in loss.

This isn't about the price.

I saw at least 2, 2 BTC sell buys, and 1 10 BTC sell buy.

I'm not saying there wasn't legitimate volume. There absolutely was. But people are being misled here.

Isn't normal these thing in trading, who want to buy put big sell order and who want to sell put big buy order.

Sorry, I made a typo, I meant 'self buys'. They are buying from themselves.

I'm not saying whether it's good or bad, but just don't point and say "We did 40 BTC of volume in 10 minutes!!" when in reality 20 BTC of that was just someone trading with himself.

+1 Yes they want again it cheap whales are very patient...but hey let`s buy cheap before them also:)

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July 13, 2014, 08:40:29 PM
 #7535

and dont forget the FUD starts when a coin starts gaining momentum
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July 13, 2014, 08:41:59 PM
 #7536

Who says FAKE volume?

3million plus SuperCoins changed hands from weak to whales, and i bought 1 btc below 1k sat before the dev posted new updates  Grin

Right now, i'm catching coins sold below 2k sat. Adding more coins on my portfolio, gonna sell it in a week or two Cheesy

Uptrend again, here we come Smiley
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July 13, 2014, 08:43:13 PM
 #7537

and dont forget the FUD starts when a coin starts gaining momentum

Very true, we can't stop FUD. Altcoin thread must be made moderated.
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July 13, 2014, 08:43:33 PM
 #7538

Who says FAKE volume?

3million plus SuperCoins changed hands from weak to whales, and i bought 1 btc below 1k sat before the dev posted new updates  Grin

Right now, i'm catching coins sold below 2k sat. Adding more coins on my portfolio, gonna sell it in a week or two Cheesy

Uptrend again, here we come Smiley

Yes we are thinking the same Smiley

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July 13, 2014, 08:47:07 PM
 #7539

This is an unpopular opinion here but...

The volume today was 100%, without a doubt, fake.

For anyone watching, it was CLEAR that someone would open up two tabs / have two accounts, put up a buy order and IMMEDIATELY buy it in full.

This generates fake volume and looks like a buy.

So yeah, this is a great coin, but don't be fooled by this volume. It's not real.

not real you say well i alone bought 5 BTC of that volume

Price move upto 5x not easy for fake volume, when price went up people start selling and then who faking the volume will be in loss.

This isn't about the price.

I saw at least 2, 2 BTC sell buys, and 1 10 BTC sell buy.

I'm not saying there wasn't legitimate volume. There absolutely was. But people are being misled here.

Isn't normal these thing in trading, who want to buy put big sell order and who want to sell put big buy order.

Sorry, I made a typo, I meant 'self buys'. They are buying from themselves.

I'm not saying whether it's good or bad, but just don't point and say "We did 40 BTC of volume in 10 minutes!!" when in reality 20 BTC of that was just someone trading with himself.
So 20 btc of 40 btc makes 100% of the trade ? Please, show us more of your great wisdom
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July 13, 2014, 08:52:01 PM
 #7540

i guess that 7 BTC buy at the top of the order book is fake aswell then ?
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