Post
Topic
Board Service Discussion
Re: GAW / Josh Garza discussion. Paycoin XPY CoinStand Mineral. ALWAYS MAKE MONEY :)
by
Biomech
on 26/04/2015, 16:36:46 UTC
I thought you worked at the paycoin foundation

No.

Ah, I see.  I thought the same.  The cast of characters has grown so large at this point it's like Day of Our Lives.

Shouldn't there be built in protection to prevent more than one wallet from staking with the same prime key?

There should be, you would think.  Remember that this is Paycoin though.  It was conceived by an illeterate scam muggle who fucks up everything he touches.

Isn't the key way too long to be for an address?

Dooglus?  Wanna chime in here?

Haven't caught up yet, but even if I'm late to the party...
Addresses and private keys are not the same thing in any coin. The private keys are why you lock down wallet.dat like fort knox. With them, you can take possession of any coins assigned to that account. Most exploits that have been successful involved stealing wallet.dat (or it's equivalent) and plugging it in to a new client. They are not the same length or format as the public key address.

That's general. I think these keys just alter the staking rate, if I understood correctly on other posts.