Ninjastic
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Board Announcements (Altcoins)
Re: [PRE-ANN] RecoveryCoin - Generalized ECDSA attacks for Bitcoin key recovery
by
mvl
on 23/01/2017, 11:06:26 UTC
Quote from: bitalchemists on January 23, 2017, 10:45:47 AM
Quote from: mvl on January 23, 2017, 10:16:45 AM
BE CAREFUL PEOPLE, THERE ARE A LOT OF RED FLAGS HERE:

  • Anon dev
  • No Escrow
Promises things that are to good to be true: it walks and talks like a duck.
  • Github user is new and anon as well
  • Source code on Github is just C# and lacks a LOT
  • Source code on Github is C#, but OP mentions OSX and Linux as targets as well
  • This is dead wrong:
    Quote
    Deposit any amount in BTC to 19vVPuzXPBUiNdnr6KZwYP9rAtdtWkDjqi until 2017/03/01
    Get x150 to your parallel REC address
    (using the same private key of the BTC address you've sent from; funds will be hardcoded into the genesis block).
    Launch is expected in September 2017.
    Private keys are private keys. They should never be available for anyone but you. The person who has your private keys, controls your Bitcoin. So if the dev states that he uses your private keys to create REC coins in a "parallel" address, that alone should be enough to abandon this coin/project.

Keep your private keys safe. Make sure nobody gets your private keys. If someone is after your private keys, he is after your bitcoin!


1. Satoshi nakamoto was anon dev
He did not beg for gifts or investments.
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2. You can have anon escrow and still be legit
You don't have Escrow. There is a BTC address and the rest is a matter of trust. That is not Escrow.
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3. This is not the best proverb you could come up with
4. Everything has a starting point
5. What exactly is the code lacking in your opinion?
6. Have you ever heard about mono
Yes, but the thing is you are asking for funds based on just promises
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7. The private keys are just used to demonstrate the PoW address
Bullshit. In your OP you tell people that they get REC coins in some sort of "parallel" address using the private keys of the Bitcoin addresses they used for sending. Literally. It is in the OP. Your own words.

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8. You lack intelligence
Usually, people get personal only when they don't have real arguments, because real arguments are much stronger. Your personal attack is therefore a sign of weakness, and another indication that this project cannot be trusted.