Dreamcoin Revival 100% Proof Of Stake 15% Stake Rate [DRM]

[Mathgamain]

Hi u all folks! Great to see active and happy participation here. I will be soon updating our site (richlist, chat etc..)

- Tomi

ps. By following our beloved devs comments, it's easy to make the conclusion(about x11coin and others) that in fact - Dreamcoin is THE best crypto available

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[1714811226]

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[SecondsOld]

Hi u all folks! Great to see active and happy participation here. I will be soon updating our site (richlist, chat etc..)

- Tomi

ps. By following our beloved devs comments, it's easy to make the conclusion(about x11coin and others) that in fact - Dreamcoin is THE best crypto available

Woo hoo, looking forward to it Tomi.  Thanks for all your hard work.  I don't know what it is, but I LOVE Dreamcoin!

[johnny_non]

We'll make real leaps forward in the future, today is calm water. That doesn't means that it's still water.
There are developments taking place and we should have some progress soon.
First thing to come will be a multi pool. Other developments are being researched...
I thank you again for your patience dreamers. Some things just take time...

[drwoo]

Can't we just let dead coins die? I mean I was down with dream, but shit didn't work out. I dropped my bags and moved on.

[johnny_non]

Can't we just let dead coins die? I mean I was down with dream, but shit didn't work out. I dropped my bags and moved on.

This is not a dead coin.  If you moved on why are you commenting?

[STOPBEINGREEDY]

Hello dreamers...someone has been voting. Just found DRM with 117votes, wow, it was on 105 for sometime, now we have started. Just pushed it up to 118 votes. WOOHOO!! (Am happy cos a journey of a thousand miles begins with a single step) methinks only a true dreamer would take joy in each step. ETA to my purchase of some DRM...Friday!! YAAY!

[STOPBEINGREEDY]

No worries.
Things just aren't adding up for me on that front. Besides that I don't think that any node based system is a good idea. Whether it be Dark or XC either way I see them both open to exploitation and both depend on high volume traffic to be remotely effective on top of opening anybody on the network to federal investigation if by chance a transaction used for illegal purposes passed through their wallet. Just all around to messy for my liking...

Then you are going to love Cloakcoin's approach.  They launch in a little over an hour and are saying that they will utilize exchanges to anonymize their coin.  Not too much information on it yet though...the ANN was posted yesterday. 

Personally...I am not a huge proponent of anonymity.  I think that the next big things will be Maidsafe, Ethereum et cetera.  DAC's seem fun too...

That's the same thing mastiff is proposing with coin recycling That's an even worse idea than most That's to say they guarantee an exchange...
Too shady

Very good instincts johnny. Checked out the cloakcoin thread. Everyone with some experience of crypto is calling it a scam-shitcoin. For very good reasons which I won't go into, but if anyone wants to settle their minds on cloakcoin, just spend 10mins in their thread reading the variety of opinion from experienced people.

[MemoryShock]

Very good instincts johnny. Checked out the cloakcoin thread. Everyone with some experience of crypto is calling it a scam-shitcoin. For very good reasons which I won't go into, but if anyone wants to settle their minds on cloakcoin, just spend 10mins in their thread reading the variety of opinion from experienced people.

Yeah...I mentioned it before they launched.  10 minutes after they launched I was done with them...

[johnny_non]

ATCsecure can u plz explain how it is prevented from a mixer stealing coins during this beta wallet?  

a mixer on its own can't steal coins, but with out the REV2 trust system and multi-path there is a potential risk of loosing coins through a bad node.  I have setup "hardened" servers for testing, PM for details

So it may be in bad taste to quote the dev of another coin, but when you see so much floundering it's hard not to comment...
It looks like XC dev acknowledges my first concern. In which case I feel it is completely irresponsible to launch that feature in the first place after all you are dealing with REAL PEOPLE and REAL MONEY. If there is even the slightest chance that a bad actor could steal coins your system is flawed. Now yes many systems have flaws but a node based mixer is less than an intelligent design I'm still waiting to see what i will call "pirate nodes" to pop up and reroute transactions. Secondly hardened server? While certainly more secure to route traffic to specific hubs for laundering, it breaks the main principle of decentralization. It is an easy task to create a centralized method of pseudo anonymity.
I've seen a lot of back peddling and double speak from 100% decentralized anonymous to well it's not 100% anonymous it's not 100% secure and not it's not decentralized....

So that all being said. I am working on development we are trying to solve these types of dilemmas. In the coming weeks I will be building / growing a team to tackle these issues.
As previously stated releasing something that puts people's money in jeopardy like the above stated have is unforgivably irresponsible in my opinion. Also do not misconstrue my statements I am not making promises of immediate/ imminent release here. I am however investigating and attempting to resolve these conundrums.

Once again Dreamers I thank you for your patience.

johnny  

[cryptoholic11]

ATCsecure can u plz explain how it is prevented from a mixer stealing coins during this beta wallet?  

a mixer on its own can't steal coins, but with out the REV2 trust system and multi-path there is a potential risk of loosing coins through a bad node.  I have setup "hardened" servers for testing, PM for details

So it may be in bad taste to quote the dev of another coin, but when you see so much floundering it's hard not to comment...
It looks like XC dev acknowledges my first concern. In which case I feel it is completely irresponsible to launch that feature in the first place after all you are dealing with REAL PEOPLE and REAL MONEY. If there is even the slightest chance that a bad actor could steal coins your system is flawed. Now yes many systems have flaws but a node based mixer is less than an intelligent design I'm still waiting to see what i will call "pirate nodes" to pop up and reroute transactions. Secondly hardened server? While certainly more secure to route traffic to specific hubs for laundering, it breaks the main principle of decentralization. It is an easy task to create a centralized method of pseudo anonymity.
I've seen a lot of back peddling and double speak from 100% decentralized anonymous to well it's not 100% anonymous it's not 100% secure and not it's not decentralized....

So that all being said. I am working on development we are trying to solve these types of dilemmas. In the coming weeks I will be building / growing a team to tackle these issues.
As previously stated releasing something that puts people's money in jeopardy like the above stated have is unforgivably irresponsible in my opinion. Also do not misconstrue my statements I am not making promises of immediate/ imminent release here. I am however investigating and attempting to resolve these conundrums.

Once again Dreamers I thank you for your patience.

johnny  

The dev of CryptCoin has said that they're going anon through a totally different route, absent of masternodes. Let's see if its legit/fail proof. Whitepaper to be released soon.

[johnny_non]

I have had a couple of concepts that will be placed under great scrutiny in the coming weeks. I have recently reaching out to coders that i know outside of the crypto currency community. I will be heading  back to my home town in about two weeks and will be there for a few months. This will be an opportunity for me to accomplish a couple of directives and have face to face deliberation of code and concepts. As well as facilitate a grass roots on the ground public awareness movement.
Personally the concept i am most aligned with is the zerocoin method as it does not rely on or require a third party to facilitate a transaction.
Yes i know zerocoin is a project that is no longer being developed by the original development team and that they have moved on to the zerocash system. Which I am also highly interested in. But I do believe zerocoin to have a fair frame work of concept to work from or to the minimum is a reference point.

I have had a few discussions of methods with a few people in this past week. Ironing out details will take time as well as addressing and ironing out any bugs that may occur during development and testing.
The public will never see these bugs as I do not believe in half baked releases. Also if zerocash is a better option and released before I can get a product ready I will highly consider a fork of their code (if they are open sourced or willing to work with the dream team)

Once again all that being said it is up to me and my team to perform due diligence to shield our investors from as much risk as possible and our responsibility not to release flawed code. I personally take future viability seriously and will not take short cuts or hype any promised development for temporary gains. If / when a public beta is ready. (Not an alpha build posing as public beta) It will be released.

I will not pull the same tactics the likes of many other coins. In good taste I will not list names, though those of you who have been paying attention probably know of a few coins that have been making undelivered promises (or hastily rushed products) for months...

We will not play that game here. As it stands, we have a solid Proof Of Stake coin that works. We have no staking issues and transactions move smoothly. Our base is solid...
Our #1 priority needs to be that of working on marketing efforts and community building. As outlined above there are indeed future developments under investigation, and once we mitigate the underlying concerns we will push forward.

johnny

EDIT: The statements made are not meant to imply or propose a definitive timeline. As I wish to clarify any misinterpretations.

[lexusivan888]

still no sign of multipool ?

volume on polo is small,, im afraid we might be knocked out....

[johnny_non]

still no sign of multipool ?

volume on polo is small,, im afraid we might be knocked out....

I am going to try to get more information on the status of developments. I know that there are three pools in the works at the moment, but i do understand your concern as I as well am feeling frustration in the delays. I have only been the lead dev for a week and have reached out to a pool developer that i trust to build us a pool he said it would take approximately a couple weeks. The first multi pool that is/was being built i have little link to (other than it being legacy from the old dev) I do not know any true details behind it. We also have a community member working on one. I have agreed to let them disclose any details regarding that at/to their discretion.  I know it feels like slow movement and honestly I personally wouldn't have launched the coin without having these ducks lined up before hand. Being as this was an unplanned event (Taking lead on this coin) I am doing whatever is in my power to move things forward in as smooth of a method as possible. I do apologize for any delays in progress...

[incognito73]

Original Dev abandoned this coin too?
Too many of these coins lately...

[Mathgamain]

We don't mind. Our new Dev Johnny is way superior to the old one. Join us!

[johnny_non]

Original Dev abandoned this coin too?
Too many of these coins lately...

I agree too many fail coin launches and half hearted devs out there. It doesn't help that loljosh will make a coin for.7 BTC.
It's not good for altcoins as a whole that there are so many fly by nights poping up.
Dreamcoin was worth saving. I see great potential, and promise for it's future.

[Mathgamain]

There are many people who have Dreamcoins, but there can be only one king of Dreamcoins. Click on the crown and u shall see

http://dreamcoin.fi

- Tomi

ps. also added chat and block explorer, yeee!

[DREAMBiG]

Assume that a multipool was available today.  How many of you would be willing to mine on it right now, and what is your hash rate?  These are critical questions as it has direct bearing on what coins we are able to mine and exchange for DRM.  

[lexusivan888]

still no sign of multipool ?

volume on polo is small,, im afraid we might be knocked out....

I am going to try to get more information on the status of developments. I know that there are three pools in the works at the moment, but i do understand your concern as I as well am feeling frustration in the delays. I have only been the lead dev for a week and have reached out to a pool developer that i trust to build us a pool he said it would take approximately a couple weeks. The first multi pool that is/was being built i have little link to (other than it being legacy from the old dev) I do not know any true details behind it. We also have a community member working on one. I have agreed to let them disclose any details regarding that at/to their discretion.  I know it feels like slow movement and honestly I personally wouldn't have launched the coin without having these ducks lined up before hand. Being as this was an unplanned event (Taking lead on this coin) I am doing whatever is in my power to move things forward in as smooth of a method as possible. I do apologize for any delays in progress...

im not here for apology.  u r doing great.
just come to check in.

regarding latter post question,, i personally have a 5M blade ready for multipool,, and i can call on my friends hash to support,, which will be abt 20-23M.
what coins to mine in the multipool,, well, the most profitable coins for sure, therefore people will got more DRMs.

[johnny_non]

Other concerns a real world must watch http://www.totalwebcasting.com/view/?id=nysdfs  From New York Department of Financial Services Panel 1 Day 2- Law Enforcement and Virtual Currencies