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CryptoGretzky
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July 12, 2014, 04:40:44 PM |
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So, how do you bypass the block chain completely? How does the coins get moved from the original address into these newly created wallets?
Did you read what he wrote before you started asking questions? He never claimed he is bypassing the blockchain completely. He is disguising one large transaction into many smaller transactions. He wrote: "We are not attempting to disguise the original sender, but we are disguising the amount of coins sent to one receiver." He does bypass the blockchain when the wallets are sent to the receiver. Today I have a few announcements and some surprises!
The closed beta of the new BurnerCoin wallet begins today. I want to thank everyone who sent me a pm requesting to be part of the beta! I have selected 10 beta testers and they will received the new wallets shortly after this announcement.
In my announcement on Monday I wrote we have been working on new technologies and today I would like to announce our new feature BurnerConnect will be enabled in the beta. BurnerConnect is a separate feature than Tor and we are considering it an advanced option.
BurnerConnect is a new anonymity feature that allows a sender to send BurnerCoins to a receiver via a direct tcp/ip connection! This method bypasses the blockchain and sends a specially created wallet to the receiver. The connections are established directly and no central server is needed.
How BurnerConnect will work...
1. The receiver gives the sender his/hers special BurnerConnect address. This address is a specially formatted version of the receivers IP address. Example: 102.32.91.42 = cxy-sy-mt-ry
2. The sender enters the receiver's BurnerConnect address into the new wallet.
3. The sender enters the amount he/she is sending and clicks send.
4. A new Burner wallet is created and the BurnerCoins are transfered to the new wallet.
5. A secured connection is then established with the receiver. The sender does not have access to the receiver BurnerCoins.
6. The new wallet is then sent to the receiver via the BurnerConnect connection. The blockchain is bypassed completely!
7. The receiver's client opens the wallet automatically and the BurnerCoins are now added.
8. The connection is immediately disconnected once the wallet is received.
We felt sending wallets/coins in this manner have numerous benefits for both the sender and the receiver. There are no central servers and exchanges needed for this technology. It is as simple as sending an email, and there is no record of the transfer in the blockchain.
BurnerConnect is up and running, and the beta testers will be able to use BurnerConnect along with Tor today!
I may be a bit new to Crypt coins / currencies but it does not seem like a good idea to break a transaction outside of the blockchain. How is the transaction validated? If the coins are truly outside of the block chain and the owner goes to sell them on an exchange, how does the exchange validate them? If they are outside of the block chain, how do you tell if they are counterfeit or not. It also begs the question if a coin can be moved in and out of the block chain does that call into question the validity of the block chain itself. Seems to me that moving coins in and out of the block chain opens the block chain to all sorts of potential shenanigans. I don't see the anonymity in this. IP traffic is super easy to trace. So, I dont see where the anonymity comes in here. Matter of fact this seems less anonymous than if the transaction was simply left in the block chain. But what do I know. I'm a noob. But, sure would like to understand better. Thanks Ok... If you are really saying that it DOESN'T bypass blockchain completely, then WARNING BELL is completely ringing off the hook, because look at point #6 from yesterday announcement.... Let me repeat it here again for you... 6. The new wallet is then sent to the receiver via the BurnerConnect connection. The blockchain is bypassed completely!Do you know how the fundamental of blockchain work? How do you send coins from one address to another bypassing the blockchain? Please do explain... So... does it or does it not bypass the blockchain? I just found it interesting that not another one of you questioned the obvious non-answer to my question of this tech as a huge red flag. So many people came to defend the dev blindly. Makes me really wonder how many of the defenders are shill accounts for the dev.... |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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CryptoGretzky
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July 12, 2014, 04:43:33 PM |
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DONT LISTEN TO KRYTOGRETZKY HE ACCUSES EVERY COIN BEING A SCAM . GET LOST!
I think you owe me an apology... or were you in on this scam with the dev? |
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Pala_00
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July 13, 2014, 01:20:47 AM |
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New dev soon.
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CryptoPromotions
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July 13, 2014, 01:24:39 AM |
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New dev soon.
Who? very interested to know!  |
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nutildah
Legendary
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Activity: 2982
Merit: 7976
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July 13, 2014, 09:36:37 AM |
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AsiaCoin dev wants to make BurnerCoin 2.0 for you guys.
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gkv9
Legendary
Offline
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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July 13, 2014, 11:11:25 AM |
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AsiaCoin dev wants to make BurnerCoin 2.0 for you guys.
But, even if he makes BurnerCoin 2.0, will these coins still be sold? I mean can these coins be sold or we need to buy something different? |
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dance
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July 13, 2014, 12:02:17 PM |
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All you can do now, guys, is to report iconicexpert account on twitter. Maybe he will be banned after amount of such reports increase.
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Splatters
Legendary
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Activity: 1232
Merit: 1000
★YoBit.Net★ 1400+ Coins Exchange
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July 13, 2014, 02:23:18 PM |
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AsiaCoin dev wants to make BurnerCoin 2.0 for you guys.
But, even if he makes BurnerCoin 2.0, will these coins still be sold? I mean can these coins be sold or we need to buy something different? if the new dev does things good, you can use the same coin as nothing change. If you know the story of Korecoin, you should know that this is possible. Korecoin dev disappeared too, and a new dev take care of the coin, and the coin is still the same. You can trade it again, you can trade the coin you bought before the old dev left. |
I know why your pray will never be answered!
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louie6925
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July 13, 2014, 02:55:03 PM |
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All you can do now, guys, is to report iconicexpert account on twitter. Maybe he will be banned after amount of such reports increase.
Why report him? It wasn't his coin!! |
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Edraket31
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July 13, 2014, 03:07:01 PM |
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All you can do now, guys, is to report iconicexpert account on twitter. Maybe he will be banned after amount of such reports increase.
Why report him? It wasn't his coin!! I see you defending IE also in other threads. Stating, people whom think IE is a thief are noobs. No sir, lots of people here have been IE'ed and slowly, more people realise this. https://bitcointalk.org/index.php?topic=645899.0 |
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Splatters
Legendary
Offline
Activity: 1232
Merit: 1000
★YoBit.Net★ 1400+ Coins Exchange
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July 13, 2014, 03:17:52 PM |
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All you can do now, guys, is to report iconicexpert account on twitter. Maybe he will be banned after amount of such reports increase.
Why report him? It wasn't his coin!! I see you defending IE also in other threads. Stating, people whom think IE is a thief are noobs. No sir, lots of people here have been IE'ed and slowly, more people realise this. https://bitcointalk.org/index.php?topic=645899.0for what I know IE hired the dev to make Burnercoin. |
I know why your pray will never be answered!
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Dancingk
Member
Offline
Activity: 84
Merit: 10
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July 14, 2014, 05:51:03 AM |
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OMG, the dev disappeared for weeks, the coin dead?
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jaykoolzboy
Member
Offline
Activity: 92
Merit: 10
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July 14, 2014, 08:02:55 AM |
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Ya, coin dead, unless some other developer trying to take this over. Talking about a coin with massive potential
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SL1M
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July 14, 2014, 02:00:26 PM |
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guys, you still believe in this coin? it dont think there is any chance for a revival its dead.
i wonder how SW00P is doing, he was holding forever
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coolsaint99
Newbie
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Activity: 6
Merit: 0
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July 14, 2014, 02:03:53 PM |
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I didnt invested a lot in Burner. I had more investment in SUPER coin. Like BURNER, SUPER was about to die. Then, SUPER coin devs collaborated with Mammoth coin dev and added/improved some features of the coin. Now SUPER gained back a lot of his value. We may consider something like that.
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SL1M
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July 14, 2014, 02:09:34 PM |
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I didnt invested a lot in Burner. I had more investment in SUPER coin. Like BURNER, SUPER was about to die. Then, SUPER coin devs collaborated with Mammoth coin dev and added/improved some features of the coin. Now SUPER gained back a lot of his value. We may consider something like that.
that is possible, but a scenario like silkcoin and libertycoin is more likely, you can try whatever you want, burn will never go to 20k again. |
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walkermonday
Newbie
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Activity: 40
Merit: 0
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July 15, 2014, 07:48:39 AM |
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guys, you still believe in this coin? it dont think there is any chance for a revival its dead.
i wonder how SW00P is doing, he was holding forever
yes, the dev has dump his coin, the anno is a scam. |
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gkv9
Legendary
Offline
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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July 15, 2014, 08:57:33 AM |
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What the hell this developer wants to say in his post? He means that this coin's just dead??? And was it all a game just to get our monies? |
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