Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] RecoveryCoin - Generalized ECDSA attacks for Bitcoin key recovery
by
CjMapope
on 20/01/2017, 00:31:06 UTC
You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

ya haha its kinda hard to say WHAT they even need money for ;p

i am down for "Proof of Attack - Earn REC for only attempting to recover Bitcoin addresses"  -- but i still dont see why they will need funding to setup a server for people like at vanitypool where stuff can be posted for people to crack at. seems like that could be done out of pocket, maybe add a 1% fee to the "EDSCA Pool".
course on that note, we already have an open non profit at http://lbc.cryptoguru.org:5000/about that is as i understand it basically an "EDSCA Pool"  (tho not set up for incentives as this maybe could be)

idk, time will tell ;p


But they want to do more then attempt, they want to clean the address out. Correct?

the LBC collider? ya the funds will be claimed, AFAIK, yes. We only work on the "puzzle transaction" there tho, not a free market or service, like this could be

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

ya haha its kinda hard to say WHAT they even need money for ;p

i am down for "Proof of Attack - Earn REC for only attempting to recover Bitcoin addresses"  -- but i still dont see why they will need funding to setup a server for people like at vanitypool where stuff can be posted for people to crack at. seems like that could be done out of pocket, maybe add a 1% fee to the "EDSCA Pool".
course on that note, we already have an open non profit at http://lbc.cryptoguru.org:5000/about that is as i understand it basically an "EDSCA Pool"  (tho not set up for incentives as this maybe could be)

idk, time will tell ;p


1. We don't need the funds.
2. This pool you've shown is not decentralized, and it is not a cryptocurrency.

ya its not decentralized nor a cryptocurrency, true.

You want to do an ico to raise money to rob people of their btc, do I understand this correctly?

Wrong.

So then why?

my guess is they just want some financial comp for their idea and setting it up (what it seems like). Unfortunately most wont pay for an IDEA, but the service they might