[PRE-ANN] RootCoin [ROOT] - ANON-tx using BitKey™- PoW/PoS + Proof of Investment

[bitsta_2]

NEW THREAD DUE TO LOCK OF THE OLD ONE.

ACCOUNT GOT LOCKED/BANNED BECAUSE OF TX-IDs beeing posted in the original thread.
MY ACCOUNT IS BANNED FOR 7 DAYS. please contact me at bitsta@continuumtalk.com or @ cryptocointalk and http://forum.rootcoin.co/! i am not allowed to post anything here for the time beeing banned

Launchdate: 15th august 2014 - 02:00 PM  (UTC)
Voting!!! - PLEASE POST WHAT ALGO YOU WOULD LIKE TO SEE: SHA256 OR SCRYPT?

https://i.imgur.com/Y1VWSyL.png

Voting!!! - PLEASE POST WHAT ALGO YOU WOULD LIKE TO SEE: SHA256 OR SCRYPT?

I am announcing my cryptocurrency project named "RootCoin" [ROOT]. This is just an (my) economic/technical project/experiment. 
Please inform yourself about cryptocurrencies and their risks before making any investment (money, time, hashingpower,..).

RootCoin is in final development stage. This is my first own cryptocurrency-project and
i am going to do this as a fulltimeproject by myself. I ve been involved in a couple of altcoins and
also did/am doing a lot of contract based work within the cryptocommunity.

IRC: #rootcoin
Chinese QQ Group: 385168018   |   310988665
http://forum.rootcoin.co/
https://twitter.com/Root_Coin

RootCoin will be an oldschool SHA256 OR scrypt PoW/PoS/PoI coin with a 4-stage-distribution model: 

Stage 1: Proof of Investment
Stage 2: pure PoW -> first 10 days will be pure PoW
Stage 3: hybrid PoW/PoS -> 2 weeks will be a hybrid PoW/PoS stage
Stage 4: 100+ PoS  -> after that the PoS system will be generating blocks for +100 years


Specifications:
algorithm: scrypt or sha256 (community voting)
blockreward: 5 ROOT
total coins: 3 million coins
blocktime: 5 minutes
PoS reward: 3%
rpcport: 27377
p2pport:28388
qrcode support



i will reserve 33.3 % of the total coincap for an 1st preinvestment-stage which we call Proof of Investment. 
200 investment packages, containing 5000 ROOT will be sold for 0.25 BTC each, representing 0.1665%
of the total coincap per package and generating a total amount of +50 BTC. The last 50 packages will be 
sold for +50% of the initial price to provide a benefit for early investors.
90% of this funds will be transfered into an public wallet and only used for project-related investments.
10% will be used for the dev-team.
The Proof of Investment stage is performed public in this thread (escrow accepted). 
If you want to join the initial distribution of ROOTCOIN please drop me a message in this forum or through e-mail. 
Anonymous investment also possible. The rootcoins will be delivered as a private-key or wallet.dat a couple of hours
before official release. I can also transfer the coins AFTER the official launch to a provided ROOT-address.

Due to high demand and multiple requests we decided to launch a 
2nd Proof of Investment stage with 100 packages.
The final specification is: 50% PoI, 30% PoW and 20% PoS

UPDATE: 2nd PoI stage launched: 14/100 packages available for 0.5 BTC each

Reserved:   85.3 packages =  426335 ROOT =  42.6335 BTC
Available:  14.7 packages =   73665 ROOT =   7.3665 BTC

investors list: (2nd PoI stage)

zan1,        1.50 BTC
anonymous,   3.00 BTC
MaxOnBit,    0.7574 BTC (f68d6079ead038a76c0929e52ee5f3bf57116c706d38fe50270c6141fc5a03ef)
Saberu,      0.58 BTC (489acd3b6f9ee487ff65fa15436fd6cc2bee09b60f530512b36889d5422be4ad)
anonymous,   0.50 BTC
enunrom,     0.25 BTC (0e59aa2f33a1c059b2420650bdd3ee773218ce64342801dcb000d798b81452a7)
anonymous,   7.00 BTC 
anonymous,   5.00 BTC 
anonymous,   8.00 BTC 
anonymous  , 0.50 BTC (85e5e2d8669fbda670208ea63dd17220287215fd30c91d28b865b654f291f061)
MixPioneer,  1.00 BTC (d7e03de67f37ba268211e854e8bf7c1a17b6d5462b6d4d1f1a244b0e59b6ba32)
BTCspace,    6.00 BTC (61b011c2818fcb292ac06f4c7d9eb834ac35d8e8e952bd8d4abdbd8e5f7be6c9)
enunrom,     0.25 BTC (878fc53f6d4fbec5967f970eb197f23d49a4117ebceb4d7e0eb8da2ef7990ec1)
damiano,     1.00 BTC
saberu,      0.22 BTC (aa4ebfa036846c72332b5fde46b6378cb0658ce125f8d361b62515541698bc85)
qtgwith,     4.00 BTC (0f3c91651c7f14ae385986848ddf723246522b79244c7cd0c84c5f7a89879372)
anderson705, 0.7021 BTC (ea99ed03e833fb8eb780ace9d3993961b7b06a74853ac5b53d88f19c5e1a2616)
tobeaj2mer01,1.00 BTC (a433c510705173500d43fa1e25b822ef99f7f79e0001cbf8113a18379c7e5773)      
Primitive,   1.00 BTC (32981796fb238141daa1f7a7b736ccdb0ef404469e12108480f16dde6d1c8378)
anderson705, 0.374 BTC (cf51fb9f9f2c93d825ba28910cb6bfd85d963d4665d4ae688ba7746d2b775fa2)

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

this is the BTC address for the investment payments:  

1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

regards,
bitsta
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Version: GnuPG v2.0.25 (FreeBSD)

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SL1Iw5FI64ESU7Ct2NDeqP/yxUtFO1Tx4kFOXgtleZQCxzMevRjZbjJzjUtKTE+X
HZhFgIcxF81InvrLnL0VUMLr3MWWhhii0VQIW6FaD8cc472+UEHWMdLoWVS1+aV7
xeab2NKVnMamUcQ9H2yXlKIY/uCNoFRO26Z0wBxefmXfOM7jdj2BlJb+uISNfwK1
1RmqbxL265ym77dS3NXDPYvHUPl1eass1x5a4sFYGsRULOZEWMcoR6496htXQ/4=
=NPwo
-----END PGP SIGNATURE-----


investors list: (1st PoI stage)

TrollboxChamp, 4.00 BTC (69b483af810459edf2d106e94e60526110177ea86e549f2c46d7885e670886f2)
t95,           1.00 BTC (d43e551fec5dc836713ffdc805054a980b5b78c221a3f056a103b9e6c47c5045)
Vampiro4L,     0.50 BTC (c8c0d93efbebbc714c0db0518034142cbf3093fd41108e8f6f9846ebf925cbdf)
anonymous,     5.00 BTC (7f1529273daec35ddb97d89081e8f7cd44a2af734fff5d5f0ac07f4f89345e0c)
anonymous,     1.00 BTC (18d086a12de11cb461df158f06c85ac3b135461b98dcd979c7d6a71bd13b5398)
xinweiwei,     0.25 BTC (a7954d062b607b14c7db91da3385402766fda8d3401def1f79c252370c7295fc)
Cornett,       1.00 BTC
anonymous,     2.00 BTC
jonni21,       0.25 BTC (62ad2990194e79e0740a05077b641ce83f761e6d6c044dbd9cf98a75539c199b)
Eleonore,      0.25 BTC (e9373c65a18016c4b13f5167b436ac5843cc8e76ccab075341ba8992c16cafe7)
deceit,        1.00 BTC (5a0b1e2786cccb90e3708981507d76131e443f8d7e56ce5bb60192009ba6b1b3)
btminer8,      1.00 BTC (283723ce502a4a4cbac3e6f80e3b7d68887b3136871018881526863d7935988f)
anonymous,     0.50 BTC (5fd32adb08e86b9429f0c54ee564dd8e05d01fdc917e4a6bdb14b826c5c85863)
eastwind_ja,   0.25 BTC (7ec00187ee073f8a42843076d2119ae3a056b53987d87bf3ebfe5f853ae16fb7)
studio1one,    2.00 BTC (ccaef5cd8ff630bc9de55b2bf64ce9e79270b2813eb6cdd9b993b9f65acbf74c)
Nutzfleisch,   0.25 BTC (b0dda5a4bf90f409fef4a957762031c4849f62fd04e0d218d6950728dbdb369c)
jonni21,       0.25 BTC (f9849f934487eb6d371cb14020ff1fcf3b4512d4c5f8ba7a138b587c2ed81d18)
anonymous,     0.25 BTC (eb49cf9df30d09d3f567ffb17501a5977b57972d134d9c7f5376f036f73046bb)
TrollboxChamp, 1.00 BTC (859f03be9c763410b5d35b2974cf5f5b0636de1ac04ad8da91ea7c864dcbd48e)
Collegestudent,0.93 BTC (9e7381920913c11ecbebb298845ebb9bcc57eeda5bd75b60ece38c52e9d94a0d)
Collegestudent,4.07 BTC (c08237ac37b0af19dd1ffd23a85e9f1af05ac49bce11e72029a263ec96179be4)
drippx,        1.25 BTC (910b5a4cd982014ebaa702da0c0f5af7d2baa1ad00e08b2fbd64466d41fa1e3b)
viperbite,     0.50 BTC (9cb1b61c27c9c45bab2e48f50ac50e6628449dfb5762adc0102bcd7c0ee1727f)
shadowduck,    2.00 BTC (3ed521df5ea3103e525707a22be402075a93008b67ed55b3f376ddad5c451a7f)
pigheadbig,    1.00 BTC (677e1d1ed61af40b0b91cebe955c98c1473d8993690493e839e33f390734c8e9)
daxiake,       0.25 BTC (897b91ee62c9028986e7d4436a5155febb29b7b9ae793abf83b503603faeec21)
daxiake,       0.25 BTC (c0dc13480f45e978d426b4a85e2e1574cf5f4837a3b1ce0422f7435f9abe0823)
r95222,        0.50 BTC (3e1475f50178013f8530df923022f203a801622daab036e2c2963a2b8bb0e916)
saberu,        0.25 BTC (2296817b7df8b8ddb3b978330ca6073451420d678553e130502cb3fe70a16ae0)
leozhenping,   0.50 BTC (2f1d29c75bf7a6ef4565f460bcbd1598ae3f210e1a29ba297133f21e7bd34f9e)
iZzZ,          0.50 BTC (f9c4c90886c6693d22da91033678c42738e5523f4ed5bfe4870542ab78a5ea90)
leetrump,      1.00 BTC (c2bb2653476a3544d2640a7de48b1f853457b41513dcb49837bced57d03d8aa7)
cyberhacker,   3.00 BTC (9449e9dfdfb6b41fb1021dfa8b4d12f350da9618e77945eabbd41f63f6795653)
aa417444103,   1.09 BTC (45927bd28740581bbaf0a61220f15dea3544a1ddadc894f06d452ce6452aa2c8)
cawson,        1.30 BTC (7db7618fb20a7083a1c8e1331ba887edd5383166552154fe1925a43c65af43fb)
cawson,        0.20 BTC (b9351fa12483fb690ece13508c5aa1c6b0ee33f1b97ae83bab0b0c387ce4df05)
huanghao2008,  1.00 BTC (b6ea23370c883a81761bd9c500d87094fd79644681b3434d6043922efeae69b9)
huanghao2008,  1.05 BTC (ff35338347a137ad2f4f16790b208b5c0bf23bbb05437a077d74d834b086aa28)
oilgoose,      4.00 BTC (f93be73ff44911adb1d0972d06bd1ffd634121ff3a8cd0f70cbe5ee0637f507b)
liyuxuanfc,    0.25 BTC (83f2ee198649d7173c14d630b2ed77feaa82745b7d05d1e4890538a21011afb8)
zifcom,        1.00 BTC (f8c4f8535b1dce1542a7e03078614f11ce77cf1e87c3461faf76305a0455878e)
crimealone,    0.50 BTC (0590dc0a3c7fc32841496f738e1e17e778781448a290187fc9e53e4a36c670e2)
mingzi1521,    0.50 BTC (8ba61abb47f3f064053102b7495091046221eb95e72c7f112a678005663da80d)
robinf,        0.50 BTC (6709a49caa2ad957d9a545ac84064312469ca946a8ea412dde80de7de0282617)
Lpingui,       1.50 BTC (55be29f4b0efdfd88334226ccc4c6ff02096729dea2cd0743256422ccde60eee)
a7594li,       0.50 BTC (e1bed57b12380134d853acda7dff3c5ecb67275964cd74ddb1f73929f7332184)
aigareth,      0.50 BTC (d4d2ca03e7aaddb0eb04437a278f4ee7758469aa9a48920920195061aaecb630)
stoneone,      0.25 BTC (1a94fbf420c6971c42c0568347cf653d5c0b20e25eb2e38abb4bda987a0289d6)
spring.yu,     2.00 BTC (7815981d99dcac9918b54cd6dbb5d9d85b852e984da57ac68e11a9a0316e152b)
ning_aric,     1.00 BTC (389bb45e6261fcc81f65b958c19cb5d87944c431dbfbcaeb255b6b96716a5344)
mydearvoice,   0.50 BTC (c1644bbef79fb347121931cb38caad74e6ee1e563665d94e19f1ae05c100706e)
qwerty923,     0.40 BTC (30ea3dc7d82966b0e6d0acc2e06ee1880cea88963ac405412c39fd2b43f0d917)
jioy,          0.50 BTC (becd695d307fa7e43bd36e24299fccbc2c721150141b44c4f821d5ec0bdb9918)
U,             0.50 BTC (ff87abe033ce95a0a5fddf401a4c4e03c9a1aac75fd0ababbbe42e05a3abfba7)
tobeaj2mer01,  0.75 BTC (cb57c6812c6257a9b4b09d0facf4eaa13ef056667e62aa400435388032ea060c)
loveyouforever,0.50 BTC (142ef3fb8ac7ded2e4db330138537eba9d3587efd9a78a9905734c1869c7e9de)
jioy,          0.0098 BTC (91b499638527e9bc8148cc36b518d5588f428b6810895cb8707ad8146f7bfc7f)
wwdz99,        0.2500 BTC (8918ff4a52678353a4450be4e009ee2065e7bc117683e6e4a33c2ffe0b57cc74)



-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

this is the BTC address for the investment payments:  

1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

regards,
bitsta
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Version: GnuPG v2.0.25 (FreeBSD)

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SL1Iw5FI64ESU7Ct2NDeqP/yxUtFO1Tx4kFOXgtleZQCxzMevRjZbjJzjUtKTE+X
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=NPwo
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Launch: On the launchdate ROOT will be ready with wallets for OSX, LINUX, WINDOWS. ANDROID coming soon.
Blockexplorer and official mining-pool will also be provided at launch.



innovative anon-tx feature: BitKey™
RootCoin will provide a totally new and unseen anonymization technology. The new RootCash™ system
is in final testing stage and it's wallet implementation (beta-version) will be released 2-3 weeks after launch.
BitKey™ is going to be an secondary channel for transactions. The idea behind it is that an anoymous transaction
won't be an transaction which is traceable through the blockchain. Example: you want to transfer 100 ROOT from A to B.
Client A will automatically transfer the coins to an public address and then send it's encrypted private key with the 
100 ROOTs to client B. Finally client B will have received the coins from client A without making an real transaction. 
Users will be "identified" through a public key and a boradcasted RootCash-index with all clients/keys. 

https://i.imgur.com/RDv1a4K.png

WHITEPAPER:
http://fresnostate.edu/webresources/images/128x128/128x128-pdf.png

economical feature: BurnPool™
BurnPool™ will be a new kind of multipool. Users will be able to choose between two mining-options.
First option will be payout in RootCoins. Second and NEW option will be to multimine RootCoins
which get "burned" automatically by transferring them to an "proofen unspendable" public-key. 
So with this step coins get burned, the coincap minimized and the value higher. 
 

BOUNTIES:
Translations: 0.01 BTC per translation (translation has to meet our basic requirements)
Articles: 0.02 BTC per article (article has to meet our basic requirements)
Website: 1 BTC (incl. domain, hosting, unique content) - [work in progress]

We are hiring a JAVA/JS/AJAX developer with min. 3 years work experience.
Please contact me for more informaitons. (This is a fulltime position)

future plans:

    rootEX™ - p2p exchange [85% progress]
    rootBay™ - marketplace  [15% progress]
    rootOS™ - CryptOSystem  [15% progress]

[1715370176]

1715370176

[1715370176]

1715370176

[1715370176]

1715370176

[1715370176]

1715370176

[damiano]

Why is the original thread locked? 

[bitsta_2]

EDIT2: MODERATOR just wrote me: they banned and locked me because of the tx-ids beeing posted etc. that are things which have to be done via PMs or other communication layer. NOT on the thread. MY ACCOUNT IS BANNED FOR 7 DAYS. please contact me at bitsta@continuumtalk.com or @ cryptocointalk! i am not allowed to post anything here for the time beeing banned

Why is the original thread locked?  

EDIT: my account is locked too. So i can log in, and i can read
your messages. but i won't be able to answer them.
Just send me a alphanumeric sign if you want to confirm its the real
bitsta.

cheers,
bitsta

[provenceday]

Thanks for the new thread.

dev, you should tell people not to post txid in the thread.


Thanks

[Monkeys]

That's a bit of a shame about the previous thread getting locked but oh well.

Bitsta have you decided on a new POW schedule yet? What's the new block time etc?

[aa]

Oh good, another one.

[crimealone]

Obviously, it was banned because of the second stage IPO. I don't understand why you did this.
Some Chinese suckers persuaded you started another ipo, right? Why don't you put more proportion into pow stage? What you have done makes it looks like scam!!
Now, I'm really worried about my investing.
顺便说一句，我操尼玛，木能煞笔

[shogun47]

Bitsta is a top guy. He has been around long and has risked his long standing name with a new coin. If just a scam I'm sure he could have had another account made post for a while and "not be  newb" then launch a coin. Don't worry he has always backed up has word and work.

[dongle]

You are a lovely funny guy. no zuo no die,LOL

[deceit]

he cant delete them. the thread is locked for 7 days.

[eastwind_ja]

No address, NO txID,,,, Please protect this thread and our coin

[TrollboxChamp]

he cant delete them. the thread is locked for 7 days.

Theyre in this thread tho. Its on accident

[provenceday]

Translations: 0.01 BTC per translation (translation has to meet our basic requirements)


will translate this later.

[cyberhacker]

Translations: 0.01 BTC per translation (translation has to meet our basic requirements)


will translate this later.

well done. mate

[provenceday]

any update from dev?

[shogun47]

Bitsta our DEV is online 24/7 on IRC and http://forum.rootcoin.co/. He is not allowed to post on bitcointalk for 6 days so he will be back here but you can post and talk on the rootcoin forum in the link provided in the mean time.

[anderson705]

only 4.3 bitcoin left for second poi, would dev consider to launch early?

[provenceday]

Bitsta our DEV is online 24/7 on IRC and http://forum.rootcoin.co/. He is not allowed to post on bitcointalk for 6 days so he will be back here but you can post and talk on the rootcoin forum in the link provided in the mean time.

join the channel now.  nice to see everything moving smoothly.

if everything is ok with this new technology, then root coin will have at least 1500BTC coinmarketcap.

[provenceday]

only 4.3 bitcoin left for second poi, would dev consider to launch early?

no need to rush a launch, maybe dev want to keep sure everything is perfectly before launch.

[TrangLee]

I'm liking this coin a lot. It shouldn't be dumped out as a lot of people actually spent BTC on it. Looks pretty solid to me. 

[baby222]

https://bitcointalk.org/index.php?topic=722363.new#new

Chinese translation done. please add

[signingoff]

What is the cost of per ROOTCoin?

[bitcoinwonders010]

+1

[lin0sspice]

SHA-256

[Monkeys]

Hey Bitsta,

What will the new POW schedule be?

Also, scrypt =)

[damiano]

SHA-256

[provenceday]

Here is a quick update from dev, about the second phase IPO states:


http://rootcoin.co/board/index.php?topic=4.msg4#msg4


UPDATE: 2nd PoI stage launched: 12/100 packages available for 0.5 BTC each

Reserved:   87.3 packages =  436335 ROOT =  43.6335 BTC
Available:  12.7 packages =   63665 ROOT =   6.3665 BTC


Dev is available in ROOT IRC Channel , you can contact him through IRC Channel or rootcoin forum.

 

[provenceday]

Here is the white paper link Posted in the ANN:

https://www.dropbox.com/s/m5nop0ev0jn16t6/whitepaper.pdf

[dandruff1138]

Here is a quick update from dev, about the second phase IPO states:


http://rootcoin.co/board/index.php?topic=4.msg4#msg4


UPDATE: 2nd PoI stage launched: 12/100 packages available for 0.5 BTC each

Reserved:   87.3 packages =  436335 ROOT =  43.6335 BTC
Available:  12.7 packages =   63665 ROOT =   6.3665 BTC


Dev is available in ROOT IRC Channel , you can contact him through IRC Channel or rootcoin forum.

 

I want one but 0.5 is a bit steep for me. I'll keep watching.

[provenceday]

maybe 0.25 BTC is also accepted, you can pm dev for more info.

[dandruff1138]

maybe 0.25 BTC is also accepted, you can pm dev for more info.

Awesome! I will see where this goes, but I am liking what we see.

[tobeaj2mer01]

@bitsta_2, when ROOT launches, how can we claim our coins?

[provenceday]

@bitsta_2, when ROOT launches, how can we claim our coins?

you can ask him in the irc channel

freenode： rootcoin.

[provenceday]

UPDATE: 2nd PoI stage launched: 12/100 packages available for 0.5 BTC each

Reserved:   87.3 packages =  436335 ROOT =  43.6335 BTC
Available:  12.7 packages =   63665 ROOT =   6.3665 BTC


Here is the link: http://rootcoin.co/board/index.php?topic=4.0

[andreasy]

X11

[realthe]

UPDATE: 2nd PoI stage launched: 12/100 packages available for 0.5 BTC each

Reserved:   87.3 packages =  436335 ROOT =  43.6335 BTC
Available:  12.7 packages =   63665 ROOT =   6.3665 BTC


Here is the link: http://rootcoin.co/board/index.php?topic=4.0

You are wrong. You should see here. http://rootcoin.co/board/index.php?topic=3.0

Actually only 1.2BTC are left to finish the 2nd PoI stage.

https://blockchain.info/address/1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

[digitalgrow]

i wish to take the last 1.2 btc of the IPO
what do i do?

[mycryptocoin]

I don't want to spread FUD, but I would be very cautious with coins that promise to deliver features weeks after launch. Launching any sha256 or scrypt wallet is easy, before making any investments in this coin I would request a demonstration of the alpha version of the BitKey technology. Anyone can write up cool features, but implementing them is another thing.

Quote from ANN
"The new RootCash™ system is in final testing stage and it's wallet implementation (beta-version) will be released 2-3 weeks after launch."

[dandruff1138]

I don't want to spread FUD, but I would be very cautious with coins that promise to deliver features weeks after launch. Launching any sha256 or scrypt wallet is easy, before making any investments in this coin I would request a demonstration of the alpha version of the BitKey technology. Anyone can write up cool features, but implementing them is another thing.

Quote from ANN
"The new RootCash™ system is in final testing stage and it's wallet implementation (beta-version) will be released 2-3 weeks after launch."

I don;t think your post was FUD, it was posted in a very mature way and is great advice for ANY coin. In fact I wish there was some kind of post like this in every thread so people understand there are scams out there.

[provenceday]

UPDATE: 2nd PoI stage launched: 12/100 packages available for 0.5 BTC each

Reserved:   87.3 packages =  436335 ROOT =  43.6335 BTC
Available:  12.7 packages =   63665 ROOT =   6.3665 BTC


Here is the link: http://rootcoin.co/board/index.php?topic=4.0

You are wrong. You should see here. http://rootcoin.co/board/index.php?topic=3.0

Actually only 1.2BTC are left to finish the 2nd PoI stage.

https://blockchain.info/address/1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

will talk to dev in the irc Channel later to check this.

[provenceday]

I don't want to spread FUD, but I would be very cautious with coins that promise to deliver features weeks after launch. Launching any sha256 or scrypt wallet is easy, before making any investments in this coin I would request a demonstration of the alpha version of the BitKey technology. Anyone can write up cool features, but implementing them is another thing.

Quote from ANN
"The new RootCash™ system is in final testing stage and it's wallet implementation (beta-version) will be released 2-3 weeks after launch."

you are right. you can check dev's history, his real bitcointalk account is bitsta.

you can also talk to him in the irc channel.

but he is forbidden to post new reply within 7 days  by moderator because the original thread been locked.

The reason is that: somebody post TXID and address in that thread which has been forbiddened by bitcointalk forum.

[vpeer]

Why is the original thread locked? 

scam coin

[provenceday]

Why is the original thread locked? 

scam coin

because somebody post TXID and address in that thread which has been forbiddened by bitcointalk forum.

[casacup]

I'm trying to get in touch with... well... "someone". But no response so far. Both via pm and irc.

[provenceday]

I'm trying to get in touch with... well... "someone". But no response so far. Both via pm and irc.

dev is online all day. he will reply you later.

[bitcoinwonders010]

I don't want to spread FUD, but I would be very cautious with coins that promise to deliver features weeks after launch. Launching any sha256 or scrypt wallet is easy, before making any investments in this coin I would request a demonstration of the alpha version of the BitKey technology. Anyone can write up cool features, but implementing them is another thing.

Quote from ANN
"The new RootCash™ system is in final testing stage and it's wallet implementation (beta-version) will be released 2-3 weeks after launch."

you are right. you can check dev's history, his real bitcointalk account is bitsta.

you can also talk to him in the irc channel.

but he is forbidden to post new reply within 7 days  by moderator because the original thread been locked.

The reason is that: somebody post TXID and address in that thread which has been forbiddened by bitcointalk forum.

coins are in escrow and are not to be released to dev until anon tech is out.

[provenceday]

I don't want to spread FUD, but I would be very cautious with coins that promise to deliver features weeks after launch. Launching any sha256 or scrypt wallet is easy, before making any investments in this coin I would request a demonstration of the alpha version of the BitKey technology. Anyone can write up cool features, but implementing them is another thing.

Quote from ANN
"The new RootCash™ system is in final testing stage and it's wallet implementation (beta-version) will be released 2-3 weeks after launch."

you are right. you can check dev's history, his real bitcointalk account is bitsta.

you can also talk to him in the irc channel.

but he is forbidden to post new reply within 7 days  by moderator because the original thread been locked.

The reason is that: somebody post TXID and address in that thread which has been forbiddened by bitcointalk forum.

coins are in escrow and are not to be released to dev until anon tech is out.

That's nice.

[Primitive]

http://forum.rootcoin.co/   seems to be broken.

also, the PoI ledger is not up to date in the OP of this thread.

[damiano]

http://forum.rootcoin.co/   seems to be broken.

also, the PoI ledger is not up to date in the OP of this thread.

https://cryptocointalk.com/topic/13892-pre-ann-rootcoin-root-anon-tx-using-bitkey%E2%84%A2-powpos-proof-of-investment/?p=115630

try there and see if its better on the ledger.  my update is on there, but not here

[Primitive]

http://forum.rootcoin.co/   seems to be broken.

also, the PoI ledger is not up to date in the OP of this thread.

https://cryptocointalk.com/topic/13892-pre-ann-rootcoin-root-anon-tx-using-bitkey%E2%84%A2-powpos-proof-of-investment/?p=115630

try there and see if its better on the ledger.  my update is on there, but not here

yes i see updated list there

PS - once i logged into the Rootcoin forum, the links worked.  strange, but seems to work so long as you are logged in.

[PondSea]

purchased 1 package, please confirm.

[IGFU]

Why  I sent  message  on  the http://rootcoin.co/board/index.php and  you  didn't  reply？

And  the  bitsta account  you  didn‘t   online？

May  someone   have questions to ask you .
If  you  were  the  real  bitsta.

 
You can  know  what  i say.

  :-*This is a test

[damiano]

This ICO went pretty fast. 

[xx63245613]

why the last page is banned?

[cwnt]

why the last page is banned?

NEW THREAD DUE TO LOCK OF THE OLD ONE.

ACCOUNT GOT LOCKED/BANNED BECAUSE OF TX-IDs beeing posted in the original thread.
MY ACCOUNT IS BANNED FOR 7 DAYS. please contact me at bitsta@continuumtalk.com or @ cryptocointalk and http://forum.rootcoin.co/! i am not allowed to post anything here for the time beeing banned

It is at the top of the first post in this topic. From what I understand, his account will be reactivated by the weekend.

[MaxOnBit]

why the last page is banned?

NEW THREAD DUE TO LOCK OF THE OLD ONE.

ACCOUNT GOT LOCKED/BANNED BECAUSE OF TX-IDs beeing posted in the original thread.
MY ACCOUNT IS BANNED FOR 7 DAYS. please contact me at bitsta@continuumtalk.com or @ cryptocointalk and http://forum.rootcoin.co/! i am not allowed to post anything here for the time beeing banned

It is at the top of the first post in this topic. From what I understand, his account will be reactivated by the weekend.

I do not understand...If the first main thread was locked and bitsta was banned because of  'TX-IDs beeing posted in the original thread" then why this thread is not locked ? Original thread and this thread are the same, TX-IDs posted here too...
And what rules prohibits it?

[drippx]

I do not understand...If the first main thread was locked and bitsta was banned because of  'TX-IDs beeing posted in the original thread" then why this thread is not locked ? Original thread and this thread are the same, TX-IDs posted here too...
And what rules prohibits it?
[/quote]

People were posting it on the thread which counts as spam

[MaxOnBit]

I do not understand...If the first main thread was locked and bitsta was banned because of  'TX-IDs beeing posted in the original thread" then why this thread is not locked ? Original thread and this thread are the same, TX-IDs posted here too...
And what rules prohibits it?

People were posting it on the thread which counts as spam
[/quote]
Thx, now I understand

[provenceday]

why the last page is banned?

NEW THREAD DUE TO LOCK OF THE OLD ONE.

ACCOUNT GOT LOCKED/BANNED BECAUSE OF TX-IDs beeing posted in the original thread.
MY ACCOUNT IS BANNED FOR 7 DAYS. please contact me at bitsta@continuumtalk.com or @ cryptocointalk and http://forum.rootcoin.co/! i am not allowed to post anything here for the time beeing banned

It is at the top of the first post in this topic. From what I understand, his account will be reactivated by the weekend.

I do not understand...If the first main thread was locked and bitsta was banned because of  'TX-IDs beeing posted in the original thread" then why this thread is not locked ? Original thread and this thread are the same, TX-IDs posted here too...
And what rules prohibits it?

you can not reply TXID or address in this forum.

[mightname]

Accroding to the blockchain.

https://blockchain.info/address/1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

It has reached 50BTC in the 2nd PoI stage. Why don't the dev stop the IPO!!??  A scam!!??

[drippx]

Accroding to the blockchain.

https://blockchain.info/address/1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

It has reached 50BTC in the 2nd PoI stage. Why don't the dev stop the IPO!!??  

It includes both the first and second poi stages...

[mightname]

Accroding to the blockchain.

https://blockchain.info/address/1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

It has reached 50BTC in the 2nd PoI stage. Why don't the dev stop the IPO!!??  

It includes both the first and second poi stages...

I know. I just calculate the 2nd PoI stage. It has reached 50BTC!!! A scam!!??

[Coingrab]

Why a scam? It was announced as a two stage ipo.

[drippx]

Accroding to the blockchain.

https://blockchain.info/address/1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

It has reached 50BTC in the 2nd PoI stage. Why don't the dev stop the IPO!!??  

It includes both the first and second poi stages...

I know. I just calculate the 2nd PoI stage. It has reached 50BTC!!! A scam!!??

no nono!!!! u A troll!!!???

[mightname]

Why a scam? It was announced as a two stage ipo.

The dev don't stop the IPO after the finish of stage 2. He is still receiveing BTCs.

[shogun47]

From our one who knows: More than 20 BTC are still available from unpaid reservations + in the first PoI stage the last 50 blocks were sold for 0.375 BTC. If check the address that address is for BOTH PoI stages!!

The address 1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa is used for BOTH PoI stages. Total amount of 100 BTC to be invested.

[xucc2012]

OK,you are still there,i have tought you run away.Good job!

[shogun47]

OK,you are still there,i have tought you run away.Good job!

I'm a friend of Bitsta. I know for a fact he hasn't run away. He is waiting out his bantime but is always reading this thread and has links posted up a few posts above this to another place you can contact him if you need to.

[PondSea]

can we still invest in ipo 1 then?

[mightname]

From our one who knows: More than 20 BTC are still available from unpaid reservations + in the first PoI stage the last 50 blocks were sold for 0.375 BTC. If check the address that address is for BOTH PoI stages!!

The address 1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa is used for BOTH PoI stages. Total amount of 100 BTC to be invested.

You should see here  
http://rootcoin.co/board/index.php?topic=3.0

and

https://blockchain.info/address/1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

It has exceed about 3BTC in POI stage 2 while the dev still don't stop receiving the BTCs. Wish the dev won't run away!

[zrunfeng]

am i can invested the 2nd stage?

[saberu]

[provenceday]

do not post TXID in this thread!

[noobkilla101]

When can we expect PoW phase to begin and what algorithm will be used? I cannot take part of the IPO unfortunately and I'm pretty interested in the coin.

[mightname]

Dev bitsta announced PoI 1+2 SOLD OUT!!  Here

http://rootcoin.co/board/index.php?topic=3.0

[Monkeys]

When can we expect PoW phase to begin and what algorithm will be used? I cannot take part of the IPO unfortunately and I'm pretty interested in the coin.

From speaking with Bitsta on IRC a couple of days ago, he said he will be announcing the full POW schedule here (or most likely in the original thread) once his van has been lifted.

From what I could gather though, it will be scrypt, roughly 30 days, and 30% of the coin supply. Not sure what sort of block reward or if there will be any block halving it anything. I'll wait for Bitstas announcement to clear this up =)

[damiano]

Anyone have any speculations on pricing once trading begins?

[dandruff1138]

Anyone have any speculations on pricing once trading begins?

A dump to 500-ish then a slow climb into 1500ish range in the first two weeks. Then a pump/dump and leveling aaround 2000's, from there it depends on development.

[provenceday]

From dev：  
http://rootcoin.co/board/index.php?topic=3.0

PoI 1+2 SOLD OUT!!
UPDATE: 2nd PoI stage launched: 0/100 packages available for 0.5 BTC each.

[provenceday]

“seems sudden heated interest in P2P exchange, and fierce competition out there.

hope all these features are planned long before the release”


bitsta：

“we have been working long on our p2p solution
for an decentralized cryptoexchange.

and we are also working on new and unnamed features which
are going to be announced in the future.

keep checking this thread as i am not allowed to post anything on bitcointalk for 6 DAYS.”

regards,
bitsta
« Last Edit: August 02, 2014, 06:51:52 PM by bitsta »


http://rootcoin.co/board/index.php?topic=5.0

[provenceday]

Anyone have any speculations on pricing once trading begins?

A dump to 500-ish then a slow climb into 1500ish range in the first two weeks. Then a pump/dump and leveling aaround 2000's, from there it depends on development.

total coins: 3 million coins.

coin are rare and bitkey is a innovative technology, so the price will higher.

innovative anon-tx feature: BitKey™
RootCoin will provide a totally new and unseen anonymization technology. The new RootCash™ system
is in final testing stage and it's wallet implementation (beta-version) will be released 2-3 weeks after launch.
BitKey™ is going to be an secondary channel for transactions. The idea behind it is that an anoymous transaction
won't be an transaction which is traceable through the blockchain. Example: you want to transfer 100 ROOT from A to B.
Client A will automatically transfer the coins to an public address and then send it's encrypted private key with the
100 ROOTs to client B. Finally client B will have received the coins from client A without making an real transaction.
Users will be "identified" through a public key and a boradcasted RootCash-index with all clients/keys.

future plans:

    rootEX™ - p2p exchange [85% progress]
    rootBay™ - marketplace  [15% progress]
    rootOS™ - CryptOSystem  [15% progress]


so you can compare this with keycoin or shadowcoin

32      KeyCoin        1,873 BTC   0.00205040 BTC    913,670 KEY *   146 BTC   2.34 %
33    ShadowCoin   1,781 BTC   0.00027689 BTC    6,431,291 SDC *   287 BTC   15.26 %

[megashira1]

add me to waiting list pls thx.

[MaxOnBit]

If this news first
PoI 1+2 SOLD OUT!!
then how could it be the second
UPDATE: 2nd PoI stage launched: 0/100 packages available for 0.5 BTC each
Or what ? 2nd PoI stage launched again ?

[dandruff1138]

If this news first
PoI 1+2 SOLD OUT!!
then how could it be the second
UPDATE: 2nd PoI stage launched: 0/100 packages available for 0.5 BTC each
Or what ? 2nd PoI stage launched again ?

  I was looking to buy to.... hopefully a typo?

[baby222]

i translate this thread https://bitcointalk.org/index.php?topic=722363.0

but dev no reply So far 

[XNext]

From dev：  
http://rootcoin.co/board/index.php?topic=3.0

PoI 1+2 SOLD OUT!!
UPDATE: 2nd PoI stage launched: 0/100 packages available for 0.5 BTC each.

Twice as 1st POI.

[cyberhacker]

from Dev!   http://rootcoin.co/board/index.php?topic=5.0

we have been working long on our p2p solution
for an decentralized cryptoexchange.

and we are also working on new and unnamed features which
are going to be announced in the future.

keep checking this thread as i am not allowed to post anything on bitcointalk for 6 DAYS.

regards,
bitsta

[provenceday]

If this news first
PoI 1+2 SOLD OUT!!
then how could it be the second
UPDATE: 2nd PoI stage launched: 0/100 packages available for 0.5 BTC each
Or what ? 2nd PoI stage launched again ?

NO,All PoI 1+2 has been SOLD OUT

[ButtCrack]

I guess try to grab your coins when some will dump theirs.

[lovedd]

VOTE THE SCRYPT。

[provenceday]

Vote for X11   

[provenceday]

 

hope rootcoin be the best altcoin of this month.

[magcoin-crypto]

Anyone have any speculations on pricing once trading begins?

A dump to 500-ish then a slow climb into 1500ish range in the first two weeks. Then a pump/dump and leveling aaround 2000's, from there it depends on development.

I was thinking more along the lines of: a dump would happen earlier in the 300s range, climb to maybe higher 7 or 8 hundreds, then drop sharply. I don't know, haha, maybe you're just more optimistic than I am.

[qawzsx]

Lol, bitsta, you joined the scamming side, sadly

[provenceday]

Quote from: provenceday on August 05, 2014, 06:35:42 PM
Please post something in Bitcointalk thread??

People are confused about investment states and future develop plan?

hi provenceday,

i am not able to post in bitcointalk for 2 more days. i will be unlocked on friday.
i will publish an official statement with informations for the investors once i am unbanned.

regards,
bitsta

[Monkeys]

Lol, bitsta, you joined the scamming side, sadly

What makes you say this is a scam?

Bitsta has been completely transparent about everything with this coin thus far. He has also been receptive to the community about their desires for this coin.

As far as I can see this is an honest and fair coin with some new technology and future developments planned.

[XNext]

Where is the DEV?

[heavyrain]

Ok,i think the presale stage is over,Dev,give us news

[eastwind_ja]

Lol, bitsta, you joined the scamming side, sadly

What makes you say this is a scam?

Bitsta has been completely transparent about everything with this coin thus far. He has also been receptive to the community about their desires for this coin.

As far as I can see this is an honest and fair coin with some new technology and future developments planned.

yes ,root will have a tuture

[qawzsx]

Lol, bitsta, you joined the scamming side, sadly

What makes you say this is a scam?

Bitsta has been completely transparent about everything with this coin thus far. He has also been receptive to the community about their desires for this coin.

As far as I can see this is an honest and fair coin with some new technology and future developments planned.

good luck... that's all that is ... "feature plans..."
I know that bitsta is a good guy...but I also know that he is not capable of developing even 10% of what he is announcing here

[Monkeys]

Lol, bitsta, you joined the scamming side, sadly

What makes you say this is a scam?

Bitsta has been completely transparent about everything with this coin thus far. He has also been receptive to the community about their desires for this coin.

As far as I can see this is an honest and fair coin with some new technology and future developments planned.

good luck... that's all that is ... "feature plans..."
I know that bitsta is a good guy...but I also know that he is not capable of developing even 10% of what he is announcing here

How do you know this? If you know him so well and think that he is a good guy, then why would you publicly defame his abilities?

From what I have seen, Bitsta is genuinely having a go at developing an innovative coin. Far more than most coin developers are doing these days.

Unless you have any solid evidence to support your allegations, then please move along..

[qawzsx]

Lol, bitsta, you joined the scamming side, sadly

What makes you say this is a scam?

Bitsta has been completely transparent about everything with this coin thus far. He has also been receptive to the community about their desires for this coin.

As far as I can see this is an honest and fair coin with some new technology and future developments planned.

good luck... that's all that is ... "feature plans..."
I know that bitsta is a good guy...but I also know that he is not capable of developing even 10% of what he is announcing here

How do you know this? If you know him so well and think that he is a good guy, then why would you publicly defame his abilities?

From what I have seen, Bitsta is genuinely having a go at developing an innovative coin. Far more than most coin developers are doing these days.

Unless you have any solid evidence to support your allegations, then please move along..

Don't worry, I'll move along, my message was for bitsta, not for a bunch of "investors"...
I love seeing ppl get scammed anyway

[Cornett]

Lol, bitsta, you joined the scamming side, sadly

What makes you say this is a scam?

Bitsta has been completely transparent about everything with this coin thus far. He has also been receptive to the community about their desires for this coin.

As far as I can see this is an honest and fair coin with some new technology and future developments planned.

good luck... that's all that is ... "feature plans..."
I know that bitsta is a good guy...but I also know that he is not capable of developing even 10% of what he is announcing here

How do you know this? If you know him so well and think that he is a good guy, then why would you publicly defame his abilities?

From what I have seen, Bitsta is genuinely having a go at developing an innovative coin. Far more than most coin developers are doing these days.

Unless you have any solid evidence to support your allegations, then please move along..

Don't worry, I'll move along, my message was for bitsta, not for a bunch of "investors"...
I love seeing ppl get scammed anyway

What are you talking about? Just LOL.
I know Bitsta personally. He is the great and very talented developer in the real life. He is among 1% of high professionals here

[cyberhacker]

Lol, bitsta, you joined the scamming side, sadly

What makes you say this is a scam?

Bitsta has been completely transparent about everything with this coin thus far. He has also been receptive to the community about their desires for this coin.

As far as I can see this is an honest and fair coin with some new technology and future developments planned.

good luck... that's all that is ... "feature plans..."
I know that bitsta is a good guy...but I also know that he is not capable of developing even 10% of what he is announcing here

How do you know this? If you know him so well and think that he is a good guy, then why would you publicly defame his abilities?

From what I have seen, Bitsta is genuinely having a go at developing an innovative coin. Far more than most coin developers are doing these days.

Unless you have any solid evidence to support your allegations, then please move along..

Don't worry, I'll move along, my message was for bitsta, not for a bunch of "investors"...
I love seeing ppl get scammed anyway

What are you talking about? Just LOL.
I know Bitsta personally. He is the great and very talented developer in the real life. He is among 1% of high professionals here

awesome!  nice to see you around

[enunrom]

I can not believe how people discredit a very good DEV. 
Thanks bitsta.

[dandruff1138]

Any packages remain?

[provenceday]

Any packages remain?

it seems all package has been sold out.

will wait for the dev back to Bitcointalk now.

 

[Monkeys]

Qawzsx - Far out, do you ever stop complaining!?

Take a look through your post history, all you do is whinge whinge whinge.. Never offering up anything constructive, just one useless negative statement after another.

I think you need a new hobby..

[bitsta]

I am back!

i ll post more informations shortly.


(i have about 120 PMs..)

[enunrom]

I am back!

i ll post more informations shortly.


(i have about 120 PMs..)

Welcome back bitsta

[anderson705]

I am back!

i ll post more informations shortly.


(i have about 120 PMs..)

Welcome back bitsta

so we use the old or new one

[bitsta]

I am back!

i ll post more informations shortly.


(i have about 120 PMs..)

Welcome back bitsta

so we use the old or new one

the old one will hopefully get unlocked tomorrow.
so we ll use that one and this one will be locked and archived.

[Monkeys]

The old thread is now unlocked. I vote we lock this one and take the announcement back to the original thread:

https://bitcointalk.org/index.php?topic=714793.300

[bitsta]

OLD THREAD IS BACK : https://bitcointalk.org/index.php?topic=714793