Re: [ANN] Zcoin (XZC) - Implementing Zerocoin technology for financial privacy
Look Reuben, you can try and selectively quote out of context from the dozens and dozens of posts I have made on Zcoin, I'm cool with that. People can search my postings, I've been consistent - in fact, for example my comments on incentivised nodes and Coinomi that you mentioned were based on what Zcoinofficial told everyone - and with nodes at least it turned out not to be exactly, well, true. I struggle to see how you impugn my credibility when I post something optimistic in reliance of Zcoin's not perfectly forthright public statements. I do think incentivised nodes might be good - but they're miles off because you spent all this time with MTP which I advised against and has turned out to be a turkey.
And I apologised for mentioning you by name in my Reddit post about the Zcoin hack, I didn't "take it back". I also didn't delete your post, I deleted my post which mentioned you by name, which I thought was unfair hence why I removed it. I certainly think it's probable that the hack was an inside job by one or more devs, I just think I was utterly wrong to mention your name, because I just think it was one or more Zcoin devs, no idea who. https://www.reddit.com/r/CryptoCurrency/comments/6379u9/zcoin_bug_a_deliberate_inside_job/?utm_content=title&utm_medium=user&utm_source=reddit&utm_name=frontpage
I can't spend my whole day here arguing. I'm just expressing my genuine belief. I am not even saying that Zcoin has no future, I'm saying that this news on MTP is massive, will massively weigh on prices, and is a very big setback and adds to reputational concerns around Zcoin.
And on what basis are you saying that MTP is not memory hard as Lyra2z? And it's not about memory hardness alone , if not we could have just stuck with our initial crazy PoW which was the most insane thing. Yes it was frickin undeniably memory hard. But it was a pain for verifiers.
I thought you had apologized to me on what you were implying on the Zcoin hack and now you're taking it back. Brilliant. At least post my response to it and the proof I provided. You deleted that post and that actually made my response LESS visible rather than just responding publicly. You also kept the original Reddit post without amending it.
Way to flip flop.
And I apologised for mentioning you by name in my Reddit post about the Zcoin hack, I didn't "take it back". I also didn't delete your post, I deleted my post which mentioned you by name, which I thought was unfair hence why I removed it. I certainly think it's probable that the hack was an inside job by one or more devs, I just think I was utterly wrong to mention your name, because I just think it was one or more Zcoin devs, no idea who. https://www.reddit.com/r/CryptoCurrency/comments/6379u9/zcoin_bug_a_deliberate_inside_job/?utm_content=title&utm_medium=user&utm_source=reddit&utm_name=frontpage
I can't spend my whole day here arguing. I'm just expressing my genuine belief. I am not even saying that Zcoin has no future, I'm saying that this news on MTP is massive, will massively weigh on prices, and is a very big setback and adds to reputational concerns around Zcoin.
Guess you need to read my post above - what I said was MTP appears to be less memory hard than the hash it replaced. I think your preoccupation with MTP as Zcoin's revolutionary development when in fact it's staring to look worse than the hash it replaces is a very big deal. The market's down 10%. I'm sure you've got a reserve to stem the flow and there will be a dead cat bounce, but not indefinitely and this will play out badly over a week.
Which is it Reuben, "We don't forsee any further changes on the MTP algorithm itself" that you wrote, or what you wrote in the post after that that you reserve the right to change the algorithm at any time so ASIC developers should be scared?
I did not say that MTP being flawed necessarily made the network insecure transactionally. Though given the lack of memory hardness supposedly now patched it poses theoretical risks of 51 per cent attacks by ASIC maker, but that's a side issue and not my point. My point is the last several months have all been about MTP, and now it turns out it could be worse than the existing Lyra2 in terms of memory hardness. That is a massive problem, spending months without fruitful result. Now you're working on functioning wallets? Like 10 months after launch or whatever we are?
I have previously posted about the Zcoin hack here https://www.reddit.com/r/CryptoCurrency/comments/6379u9/zcoin_bug_a_deliberate_inside_job/ which I believe was an inside job. I was willing to let sleeping dogs lie on the matter, it wouldn't be the first time it had happened, and the developers would still want the coin to go up as much as investors and miners. But I just see the reputational hits keep on coming. You guys are smart, but maybe not smart enough and too young?
Look I can't really guess which way Zcoin holders should jump, for goodness sake if you're not invested wait some weeks til the dust settled, especially if the devs run out of reserves to inject liquidity to try and hold Zcoin's price from tanking.
Which is it Reuben, "We don't forsee any further changes on the MTP algorithm itself" that you wrote, or what you wrote in the post after that that you reserve the right to change the algorithm at any time so ASIC developers should be scared?
I did not say that MTP being flawed necessarily made the network insecure transactionally. Though given the lack of memory hardness supposedly now patched it poses theoretical risks of 51 per cent attacks by ASIC maker, but that's a side issue and not my point. My point is the last several months have all been about MTP, and now it turns out it could be worse than the existing Lyra2 in terms of memory hardness. That is a massive problem, spending months without fruitful result. Now you're working on functioning wallets? Like 10 months after launch or whatever we are?
I have previously posted about the Zcoin hack here https://www.reddit.com/r/CryptoCurrency/comments/6379u9/zcoin_bug_a_deliberate_inside_job/ which I believe was an inside job. I was willing to let sleeping dogs lie on the matter, it wouldn't be the first time it had happened, and the developers would still want the coin to go up as much as investors and miners. But I just see the reputational hits keep on coming. You guys are smart, but maybe not smart enough and too young?
Look I can't really guess which way Zcoin holders should jump, for goodness sake if you're not invested wait some weeks til the dust settled, especially if the devs run out of reserves to inject liquidity to try and hold Zcoin's price from tanking.
And on what basis are you saying that MTP is not memory hard as Lyra2z? And it's not about memory hardness alone , if not we could have just stuck with our initial crazy PoW which was the most insane thing. Yes it was frickin undeniably memory hard. But it was a pain for verifiers.
I thought you had apologized to me on what you were implying on the Zcoin hack and now you're taking it back. Brilliant. At least post my response to it and the proof I provided. You deleted that post and that actually made my response LESS visible rather than just responding publicly. You also kept the original Reddit post without amending it.
Way to flip flop.