[ANN] RootCoin [ROOT] - rootEX™ announced - ANON-tx using BitKey™- PoW/PoS/PoI

[TrollboxChamp]

how about X11?

x11 offers attackers simple "vulns".

then scrypt is better.

I know you have some nice scrypt asics prov

[1714887363]

1714887363

[1714887363]

1714887363

[1714887363]

1714887363

[1714887363]

1714887363

[bitsta]

how about X11?

x11 offers attackers simple "vulns".

then scrypt is better.

as for now we only have scrypt votes. looks like
thats the will of the community. well, we gonna see
what the final result will be.

[minerpools]

http://root.minerpools.com/

Pre-registration open!

NEW SERVER 99.9% UPTIME!

- Dedicated server 512 SSD, 32GB RAM, 12 Core Processor
- 24/7 support at #minerpools freenode channel https://kiwiirc.com/client/irc.freenode.net/minerpools
- Block finder bonus -
- 1% Fees
- PPLNS

Stratum for RootCoin stratum+tcp://192.155.89.136:4124  -u Weblogin.WorkerName -p WorkerPassword

Come join us!

NOTE: Pool's setup for Scrypt, but in case any other algo is chosen for launch, we will change the algo, as of now, the pool is up for pre-registration.

[ocminer]

Use NeoScrypt !

I'd love to add a pool for that !

[Coinler]

how about X11?

x11 offers attackers simple "vulns".

yeah thats why i suggested groestl if you want have an allocation for gpu miners. it'll help with distribution and bringing higher value to the coin imo.

[hash77away]

Use NeoScrypt !

I'd love to add a pool for that !

+1

[bitsta]

Use NeoScrypt !

I'd love to add a pool for that !

this might really be an option. i ll extend the voting and add neoscrypt to this poll.

[sudoelefant]

NeoScrypt has my vote

[TrollboxChamp]

What is neoscrypt?

[bitsta]

What is neoscrypt?

neoscrypts hashing algo has an adapted mixing-engine and it s whitepaper
describes it as more secure and faster. [http://www.feathercoin.com/neo-scrypt-press-release.pdf]

imo negative: users will not be able to rent ASIC-rigs which could possibly reduce the range of users.
i think there are a lot of scrypt-asic owners who would like to join th PoW stage of ROOT.

[Collegestudent]

I want to buy 3.3Btcs worth of more Rootcoin. Please update thread with my name. Totalling me to 5BTC

[bitsta]

I want to buy 3.3Btcs worth of more Rootcoin. Please update thread with my name. Totalling me to 5BTC

allright. i ll add you to the list.

[TrollboxChamp]

What is neoscrypt?

neoscrypts hashing algo has an adapted mixing-engine and it s whitepaper
describes it as more secure and faster. [http://www.feathercoin.com/neo-scrypt-press-release.pdf]

imo negative: users will not be able to rent ASIC-rigs which could possibly reduce the range of users.
i think there are a lot of scrypt-asic owners who would like to join th PoW stage of ROOT.

Yeah. This way people can rent as well.

[KryptoFoo]

...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?

Bump. I am on the edge with investing in the pre-stage; hoping to get some answers about the above before pulling the trigger.

[bitsta]

...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?

Bump. I am on the edge with investing in the pre-stage; hoping to get some answers about the above before pulling the trigger.

no BitKey transactions will be realized over tcp socket implementation. the sent key will be redeemed to an locally
privkey once it arrives at the destination. there will be no chance of double spending it.

[KryptoFoo]

...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?

Bump. I am on the edge with investing in the pre-stage; hoping to get some answers about the above before pulling the trigger.

no BitKey transactions will be realized over tcp socket implementation. the sent key will be redeemed to an locally
privkey once it arrives at the destination. there will be no chance of double spending it.

OK that's good news on the 2nd point, but what about the first? Is't it possible that when the recipient later spends the coins that they received anonymously, one could look at the txins for that spend transaction and find a matching amount on the blockchain from the original sender's txout? Trying to get enough info about how your system works to decide how strong this anonymity is going to be...

[bitsta]

...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?

Bump. I am on the edge with investing in the pre-stage; hoping to get some answers about the above before pulling the trigger.

no BitKey transactions will be realized over tcp socket implementation. the sent key will be redeemed to an locally
privkey once it arrives at the destination. there will be no chance of double spending it.

OK that's good news on the 2nd point, but what about the first? Is't it possible that when the recipient later spends the coins that they received anonymously, one could look at the txins for that spend transaction and find a matching amount on the blockchain from the original sender's txout? Trying to get enough info about how your system works to decide how strong this anonymity is going to be...

yes correct. once they are spent it will be kinda possibly traceable like every other anon-tx.
BitKey ensures an anonymous transaction (from A --> B).


#EDIT: i ll add a more detailed version of the whitepaper in the next few days to clarify some points.

[TrollboxChamp]

...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?

Bump. I am on the edge with investing in the pre-stage; hoping to get some answers about the above before pulling the trigger.

no BitKey transactions will be realized over tcp socket implementation. the sent key will be redeemed to an locally
privkey once it arrives at the destination. there will be no chance of double spending it.

OK that's good news on the 2nd point, but what about the first? Is't it possible that when the recipient later spends the coins that they received anonymously, one could look at the txins for that spend transaction and find a matching amount on the blockchain from the original sender's txout? Trying to get enough info about how your system works to decide how strong this anonymity is going to be...

yes correct. once they are spent it will be kinda possibly traceable like every other anon-tx.
BitKey ensures an anonymous transaction (from A --> B).


#EDIT: i ll add a more detailed version of the whitepaper in the next few days to clarify some points.

Maybe add an in wallet mixer or ability to choose which wallet address sends coins. This will address the 100% anon cypherpunks...

Just some ideas for future releases.

I personally feel bitkey is anonymous enough if used diligently.

[DonQuijote]

SHA256 OR SCRYPT?

No asic, please
Nist5

[provenceday]

what's relationship between IncogCoin [ICG] and root coin?

Thanks

which one will be the first coin completed bitkey technology?


https://bitcointalk.org/index.php?topic=714716.0