Re: [ANN][LIBERTYCOIN][XLB] X11 | POS/POW | 5 Days of Mining | Zerocoin
I repost my warning here:
Beside that, people in Summercoin thread believe that developer of both coin is same person:
I have a little warning for the people who use any coin that implementing Zerocoin 
Zerocoin's technology require generation of "initial parameter", you can think about it as a "master key". This master key need to be deleted right after it was used and nobody should know about it. Technically, whole security of the currency depend on this "master key". 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 generation of "initial parameter", you can think about it as a "master key". This master key need to be deleted right after it was used and nobody should know about it. Technically, whole security of the currency depend on this "master key". 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
Beside that, people in Summercoin thread believe that developer of both coin is same person:
you are very right.the same dev!
both wallet have the word "黑币"! which means blackcoin in english.
both wallet have the word "黑币"! which means blackcoin in english.
There's not such masterkey in the Libzerocoin v0.1alpha implementation done on libertycoin. I kindly invite you to review it yourself:
https://github.com/Zerocoin/libzerocoin
If you don't even know C please stop spreading FUD