Re: [ANN][LIBERTYCOIN][XLB] X11 | POS/POW | 5 Days of Mining | Zerocoin
I have a little warning for the people who use any coin that implementing Zerocoin 
Zerocoin's technology require the generation of "initial parameter", this parameter need to be deleted right after it was used and nobody should know about it. Technically, whole security of the currency depend on this "initial parameter". Anyone who gained access to it would have ability to control double spend (i.e. he can create infinite amount of coin, another kind of premine).
The creation and destruction of this initial parameter need to be performed in a trusted way to make sure that nobody can know it, include the developer.
So, if you guy believe that dev is honest, you can use the coin. If you don't trust him, stay away from that.
That's my warning, i'm not trying to spread FUD, but this is some technical information people should know about Zerocoin
Zerocoin's technology require the generation of "initial parameter", this parameter need to be deleted right after it was used and nobody should know about it. Technically, whole security of the currency depend on this "initial parameter". Anyone who gained access to it would have ability to control double spend (i.e. he can create infinite amount of coin, another kind of premine).
The creation and destruction of this initial parameter need to be performed in a trusted way to make sure that nobody can know it, include the developer.
So, if you guy believe that dev is honest, you can use the coin. If you don't trust him, stay away from that.
That's my warning, i'm not trying to spread FUD, but this is some technical information people should know about Zerocoin
I've checked the source and there is no hidden pre-mine code like asiacoin or some other scam coins. I will make sure of that initian parameter too. I hope the devp is honest.
It's not in the source. You'll never know if dev really destroyed this "master key" or not.
Libertycoin, any comment?
Can we get an update on this please