ocminer
Legendary
 Offline
Activity: 2660
Merit: 1240
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July 29, 2014, 01:02:17 PM |
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SHA256 OR SCRYPT?  Self moderated.  looool  ) |
suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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Collegestudent
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July 29, 2014, 01:02:23 PM |
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Bitsta i want to invest 1.7BTC can you reserve me as my own name for the 1st batch of rootcoins?
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bitsta (OP)
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July 29, 2014, 01:04:01 PM |
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vote the scrypt the sha-256 hash too big  Scrypt sound good for me.  also vote for scrypt.
like via
alright. 3 votes counted towards scrypt. (looks like we are going in that direction - got only scrypt votes for now) |
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Nutzfleisch
Member
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Activity: 70
Merit: 10
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July 29, 2014, 01:10:11 PM |
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Also send 0.25 btc right now. Glad to enjoy the club. Let´s rock it. and i also would prefer scrypt.  |
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powersup
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July 29, 2014, 01:11:56 PM |
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Interesting coin, my only comment would be all investors exercise due diligence. Bitsta is a competent developer, however i would suggest reading up on his history and coins he has been involved in before investing BTC into this project.
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KryptoFoo
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July 29, 2014, 01:20:23 PM |
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2. if the sender's client is creating the private key, what is to prevent a double spend if the receiver does not sweep the key and transfer funds to their own address immediately?
thats also correct. i am the only person which will have access to the private-keys. means every investor should transfer them to an own key to really make sure no risk is given. and as i already posted in the OP. i am also able to transfer the coins AFTER the launch to a provided ROOT-addr. hope it s clear. if you still have questions just drop me a note. thanks for the responses. Regarding question 2 I was asking about the normal transactions sent on the rootcoin network, not the investor's transactions that you will send out to investors. I am trying to understand the "encrypted private key" anonymity concept that BitKey is using. From your white paper it seems that a sender's client is generating a private key containing access to desired amount of rootcoin, which is encrypted and then transferred to the recipient. So this means the transfer of funds is done off the blockchain? But won't the blockchain record the transaction between addresses, when the recipient spends those coins again? confused... And what prevents the sender from double spending the coins if they are the ones generating the priv key? |
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bitsta (OP)
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July 29, 2014, 01:26:14 PM |
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Interesting coin, my only comment would be all investors exercise due diligence. Bitsta is a competent developer, however i would suggest reading up on his history and coins he has been involved in before investing BTC into this project.
hi powersup. hope you re doing good. well i d also like to add a comment. true that i was involved in a lot of other projects. but none of them was initially launched by me. so this is my first official coin i am standing behind with my name. have a nice day. bitsta |
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studio1one
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July 29, 2014, 01:29:56 PM |
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I'm in.
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bitsta (OP)
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July 29, 2014, 01:32:02 PM |
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delta_26
Newbie
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Activity: 4
Merit: 0
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July 29, 2014, 01:33:00 PM |
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+1 for Scrypt |
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tracemoon
Member
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Activity: 64
Merit: 10
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July 29, 2014, 01:46:03 PM |
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Scrypt is dead?
Want to learn LTC?
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provenceday
Legendary
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Activity: 1148
Merit: 1000
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July 29, 2014, 01:50:35 PM |
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how about X11?
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bitsta (OP)
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July 29, 2014, 01:52:15 PM |
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Scrypt is dead?
Want to learn LTC?
well scrypt is alive. but you re right. a lot of scrypt-based coins are dead. as for this coin i think a lot of users from this community own scrypt hardware and would be happy to use that hardware. And a lot of scrypt mining rentals are available. so i think as for the pow-distribution its a good decision. regards, bitsta |
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bitsta (OP)
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July 29, 2014, 02:03:54 PM |
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how about X11?
x11 offers attackers simple "vulns". |
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tracemoon
Member
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Activity: 64
Merit: 10
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July 29, 2014, 02:25:58 PM |
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Scrypt is dead?
Want to learn LTC?
well scrypt is alive. but you re right. a lot of scrypt-based coins are dead. as for this coin i think a lot of users from this community own scrypt hardware and would be happy to use that hardware. And a lot of scrypt mining rentals are available. so i think as for the pow-distribution its a good decision. regards, bitsta how about BTCD? |
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TrollboxChamp
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July 29, 2014, 02:34:33 PM |
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Scrypt is dead?
Want to learn LTC?
well scrypt is alive. but you re right. a lot of scrypt-based coins are dead. as for this coin i think a lot of users from this community own scrypt hardware and would be happy to use that hardware. And a lot of scrypt mining rentals are available. so i think as for the pow-distribution its a good decision. regards, bitsta I agree with this. Scrypt has my vote |
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enunrom
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July 29, 2014, 02:48:44 PM |
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Scrypt would be the best option in my opinion.
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studio1one
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July 29, 2014, 02:50:56 PM |
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Scrypt is dead?
Want to learn LTC?
really? Via RZR SYS BTCD Actually most of the good coins lately have been Scrypt. |
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provenceday
Legendary
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Activity: 1148
Merit: 1000
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July 29, 2014, 03:36:12 PM |
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how about X11?
x11 offers attackers simple "vulns". then scrypt is better. |
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