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20686577 No.20686577 [Reply] [Original]

FIRST FULLY ANONYMOUS ZERO-KNOWLEDGE PROOF COIN
it fixes zcash traceability problem
only private / shielded transactions are allowed
no public / transparent transactions
no dev tax
no masternodes or mixers are needed, transactions are fully private because of math
no chain analysis is possible, it means it solves this problem:
https://cointelegraph.com/news/researchers-claim-999-of-zcash-transactions-are-traceable
monero and zcash are both suffering from chain analysis
YOU HAVE BEEN WARNED, DON'T SLEEP ON THIS

genesis block will be on jan 2021, we want a stable well-tested bug free release, so listing will comes after
but pre-allocations will start in august (so price floor can start building up)
from jan 2021, all the remaining supply (9X%, depending on pre-allocations) will be mined with a much slower inflation rate than zcash (to avoid flooding the market with new minted coins, otherwise people will have less incentive to participate in the pre-allocation)
the coin is technically sound
but we still accept suggestions about the pumpamentals and tokeconomics
our idea is to spend the minimum necessary just to deliver (current cost is estimated at around 900ETH per year as of now, just to pay for salaries, anonymous skilled developers are welcome) and the rest should be mined to have a more fair distribution
if you have any suggestion please write it down, we want to deliver a fair and sustainable project
NOTE: VC are NOT welcome, fuck VC exit scamming and dumping on people

>> No.20686645
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20686645

>>20686577
go ahead and post the eth contract anon... I know you want to.

>> No.20686685

>>20686645
it's not an ERC20
we are testing an early version of full node and still doing customizations to keypairs to avoid confusion with zcash
once we freeze the specifications, we will release an offline wallet generator to create your keypair and then you can participate in the pre-allocation
not earlier

>> No.20686746

>>20686685
Is there a discord or telegram

>> No.20686774

>>20686685
refreshing. mining algo? same as zcash? equihash?

>> No.20686798

>>20686685
what about the setup and seed? How are you going to avoid the trusted setup questions ZCASH suffers from

>> No.20686942

>>20686577
White paper/Github?
Bug if true, will load bags if makes sense to me.

>> No.20687052

>>20686577
Also, Im moderately competent in cryptology, and very competent in c/c++ and c# development. Ive been looking for a project to join, are you guys looking for new people?

>> No.20687082

>>20686577
Can I use it right now to cash out 1 million dollars :)? no? then Monero and Doge are still king.

>> No.20687153

>>20686746
do not expect a lot of discussion for now, we accept suggestions anyway
n7eVZW7
>>20686774
modified equihash to avoid getting smashed by existing asics
>>20686798
sapling MPC was quite nice (way better than first multi-party computation), so we plan using the same parameters
there should be no issue with these parameters, 90 participants is a safe threshold
https://z.cash/technology/paramgen/
https://electriccoin.co/blog/completion-of-the-sapling-mpc/
https://github.com/zcash-hackworks/sapling-mpc/wiki
https://electriccoin.co/blog/sapling-mpc/
but we can also run one...we are open

>> No.20687283

>>20686942
not yet, we need to do some choices first
>>20687052
sure, drop an email to nullcash@protonmail.com
we will be posting development tasks and relative ETH payouts
if pre-allocations are enough, we can do an interview and also provide longer grants (e.g. 6 month / 1y year, full time, with weekly progress and payouts)

>> No.20687820

>>20687153
Kys scammer you have no idea how much deviance for “unit party” is a safe threshold, protip - go make Wordpress websites, you are not fooling anybody with copy pasting zcash


SAGE

>> No.20688061

>>20687820
>Kys scammer you have no idea how much deviance for “unit party” is a safe threshold
90 participants have to collude all together and dump their private key in the process and regenerate the toxic waste
if only 1 out of 90 did not collude, the params are safe
that's it
we are not doing another ERC20 clones or a DeFi ponzi scheme, we are trying to fix shit here
we can agree to have a new MPC with 1000 participants, fine, but the only way to avoid trusted setup is ZK-STARKs which is way way harder to achieve mathematically and the proof will be in any case too big for a blockchain (we are talking about hundreds of kb per proof so good luck using it for a decentralized project)
kys retard, there are only two types of people, the ones complaining and the ones doing the job
do you have a better idea? come on board, get your grants and code for us

>> No.20688474

>>20686577
Piratechain works better and actually has a legit team

>> No.20688553

>>20686577
you just literally just rotated the zcash logo by 90°. really cant think of anything original? good grieve

>> No.20688552

>>20686577
is that the zcash symbol just rotated? How low effort is this shit?

>> No.20688590

>>20688553
>>20688552
who fucking cares about the logo?
is it clear or not that we are trying to fix this problem?
https://cointelegraph.com/news/researchers-claim-999-of-zcash-transactions-are-traceable