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Author Topic: [PREANN] SMOKE - SMOKE-4 ALGORITHM - New algos (BMW + X) - BETA WALLET NEAR.  (Read 24598 times)
Jiggy0001
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June 29, 2014, 12:01:18 PM
 #81

Yeah... the new Logo is nice. Really minimalistic!
MysticalCockFungus
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June 29, 2014, 12:09:19 PM
 #82

Yes, because all the other algos are so unsafe and at risk of being cracked... there is no need for this coin what so ever, even the shittest of shit coins are beyond extremely secure, the only security threat to the general coin is the 51% attack, which only happens to dying crap coins that have very few people mining it.

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diks
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June 29, 2014, 12:19:48 PM
 #83

interesting to follow the new coins )
new algo - ok
but how to mine ?

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June 29, 2014, 12:31:08 PM
 #84

interested.
but we really need code verification in one form or another.
Also, what's the advantage of using these new algorithms? as per above, the mainstream cryptocurrency algorithms are already safe.
SMOKEPROJECT (OP)
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June 30, 2014, 09:35:33 AM
 #85

http://people.item.ntnu.no/~danilog/Hash/BMW-SecondRound/Supporting_Documentation/BlueMidnightWishDocumentation.pdf

This is the first algorithm we have integrated:

Blue Midnight Wish

It is more efficient than SHA-2 functions.
It has improved security than SHA-2 functions.

It is resilient to length extension attacks.
It is resilient to multi-collision attacks.

There is a distinct possibility that SHA-256 will be cracked or has deep weaknesses much like a large amount of other algorithms. This is why we are combining BMW with a large range of other algorithms.
SMOKEPROJECT (OP)
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June 30, 2014, 10:21:17 PM
 #86

Escrow is still needed for this project, if anyone is interested in this project and can provide an escrow please contact us. We are near release so we will know start to contact known reputable escrowers.
SMOKEPROJECT (OP)
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July 01, 2014, 12:26:32 PM
 #87

We have just confirmed a verified escrow agent. IPO will be available soon.
thevampireskilledit
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July 01, 2014, 01:19:49 PM
 #88

We have just confirmed a verified escrow agent. IPO will be available soon.
niceness
testadimerlo
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July 01, 2014, 02:04:04 PM
 #89

Ehi dev, how long the POW phase will be? thanks for the reply
dminer69
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July 01, 2014, 03:14:32 PM
 #90

LETS DO THIS!
SMOKEPROJECT (OP)
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July 01, 2014, 03:16:48 PM
 #91

Ehi dev, how long the POW phase will be? thanks for the reply

Around 4 Months.
timmyd
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July 01, 2014, 04:22:26 PM
 #92

Who have you chosen for escrow? Considored anon136?

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July 01, 2014, 04:37:30 PM
 #93

We have just confirmed a verified escrow agent. IPO will be available soon.

+1, would like to see IPO on Nxt AE, would be nice to buy and sell Smoke Shares while you are in development for next 3 months.
SMOKEPROJECT (OP)
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July 01, 2014, 05:55:09 PM
 #94

We have just confirmed a verified escrow agent. IPO will be available soon.

+1, would like to see IPO on Nxt AE, would be nice to buy and sell Smoke Shares while you are in development for next 3 months.

We will take a look at this seems like a great idea.
SMOKEPROJECT (OP)
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July 01, 2014, 05:57:35 PM
 #95

Who have you chosen for escrow? Considored anon136?

escrow.ms should be doing the escrow service.

https://bitcointalk.org/index.php?action=profile;u=76380
testadimerlo
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July 01, 2014, 06:53:09 PM
 #96

We have just confirmed a verified escrow agent. IPO will be available soon.

+1, would like to see IPO on Nxt AE, would be nice to buy and sell Smoke Shares while you are in development for next 3 months.

1) what? will this coin released in september?  Huh

2) Dev, why there is not a max cap on BTC for IPO? If you collect a lot of btc, who buys could be penalized ( don't forget that miners will dump continuously).
BlackShibe1
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July 01, 2014, 07:04:14 PM
 #97

It´s a new source code?


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July 01, 2014, 07:05:21 PM
 #98

It´s a new source code?



yes

it wil be unique
BlackShibe1
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July 01, 2014, 07:11:25 PM
 #99

How many dev are you?

Is it your first coin?

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SMOKEPROJECT (OP)
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July 01, 2014, 07:30:10 PM
 #100

We have just confirmed a verified escrow agent. IPO will be available soon.

+1, would like to see IPO on Nxt AE, would be nice to buy and sell Smoke Shares while you are in development for next 3 months.

1) what? will this coin released in september?  Huh

2) Dev, why there is not a max cap on BTC for IPO? If you collect a lot of btc, who buys could be penalized ( don't forget that miners will dump continuously).

This coin will not be released in September. The beta test eta is 9 days away

Initially we were going to set a BTC cap we are still open to the idea of it but then there are people who do group buys also, the mining period has not yet been set so all options are still on the table (current stance is 4 months). We are open to positive discussion about it. Mining period could be extended or POS initial distribution can be lengthened etc. There is a strong set stance currently gauged around the 50/50 mark in relation to the POS and POW distribution. There will always be problems with any distribution so the floor is open to response from the community.
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