Re: [ANN] [GEO] GeoCoin | GIS & GeoTechnologies

There is no calculation that is perfect. Qubit appears to be sufficiently uncommon that it is alright for the present and very suggested by this network. It will be less inclined to be abused at the beginning.Looking forward to the launch!!!

The Qubit POW chain is now developer abandoned. In early January, GeoCoin migrated over to the Ubiq Network as an ERC20 token.

Once our new interface launches, the only way to 'mine' the remaining GEO supply will be through Proof-of-Location where users collect GEO right off the map using their smartphone GPS.

Just wanted to help clear up your confusion.

I heard there are applications that allow you to fake your geolocations. In how far is that a problem for GeoCoin and how do you make sure that that can't happen?

We use GIS analyses to detect if users spoof their GPS location. Anyone who spoofs their position is banned instantly.

And is that GIS analysis tool totally safe or could it also be fooled by some sophisticated attempt to fake the geo location?

There have been 128 users banned to date who attempted to spoof their GPS locations. That being said no system is ever 100% fool proof but we are aware of it and actively trying to manage any risks associated with GPS spoofing.

Interesting because if there are financial motives involved there will probably be a lot of tries to crack the system and spoof the location.