Quote from: newcn on April 16, 2014, 11:52:56 PM

Quote from: DontPanic_42 on April 16, 2014, 09:55:49 PM

Quote from: Philll90 on April 16, 2014, 07:13:12 PM

Okay, thanks

But what advantage have the hashes for the distribution?

I presume its like this.
You have posted your second hash. Its like a public key.
You will keep the secret phrase your secret the hole process. Thats your private key.
Later, when the dev plans to distributes the coins, he asks you to send him your first hash.
With that he can generate your second hash and confirm you are the owner of the hash you postet before.
So nobody else can claim your coins.

Please correct me if I am completly wrong

And please excuse my probably bad english Grin

do not send your first hash to anyone, that's your private key!

He means the first 1hash!

Passwort - 1hash - 2hash

You ve post 2hash in forum. Dev ask you later for 1hash.
Have a look to step 2 and 3 in OP