Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Dreamcoin [DRM] - X11 - PoW/PoS - Poloniex - Bittrex ~ 15% PoS!
by
vipin.khatri20
on 13/05/2014, 10:08:23 UTC
To the trolls or dreamers with questions Smiley - I have already answered these questions about Ian's twitter and Zerocoin several times. I am (as in me) is implementing libzerocoin into Dreamcoin, It still has a lot of work to be done and Ian has a lot of work still to do for Zerocoin itself, he is obviously not working with us on Zerocoin, I had mentioned it would be cool if he would and that I would contact him, but of course, no reply and he has posted that on his twitter. Hope this clears things up, Zerocoin will be implemented, but as with anything great, it will take time as it isn't ready for primetime yet with the bugs and current issues it has. I have already begun working on the libzerocoin code, then it will be onto implementation if the code works out good and tests fine.

Once again the dev covered this and is working on it...


There is no need to continue to work on it.... Zerocoin dev discovered there was problem in the Zerocoin source code, and stopped working on it. Now they are developing Zerocash.

The real Zerocoin developer is not even finished with the code yet to create his coin release called "Zerocash".  Both of these new coins, Dreamcoin and Libertycoin, came out of nowhere at the same time, both having the words "Zerocoin" in their announcement titles.  I went investigating, wanting to invest in one of them if there was any hope of decent returns.  I went to Dreamcoin first and discovered the coin dev has already made something like 4-5 coins in the past year, Timecoin, Hashcoin, Matrixcoin, etc.  He's basically a serial coin cloner and his last coin was just released in April.

Some people managed to contact the Zerocoin anonymity function creator himself on twitter (lots of different posts and info there): https://twitter.com/secparam/status/465971947386720256

Both coins are advertised "Zerocoin" while having absolutely no Zerocoin functionality, or even close to it.  At best this is false advertising, at worst it's a scam.

Then there were claims of "working with the Zerocoin devs" to implement it in Dreamcoin, here is the Zerocoin developer's official response:



Code inspection of Dreamcoin:

http://pastebin.com/rknTJpWd

Let's say you want to invest in Dreamcoin anyway, fully knowing there is no Zerocoin functionality, and that the serial coin cloner dev is either trying to scam you or falsely advertise.

115 full block instamined, love it!

Next you have the problem that Zerocoin has EXTREMELY complex security vulnerabilities where you're basically required to have absolute trust in the coin creator or he can easily pull Asiacoin type frauds on you.  You do not want ANY kind of Zerocoin functionality except possibly from the Zerocash dev himself, and even then, it's still sketchy.  The only Zerocoin implementation that will ever be trusted is Zerocash, created by the Zerocoin dev, and even then, most security experts will still probably not trust it due to it's double spend security hazards.

Quote
Security Warning:  It is critical that the modulus N be generated properly and that the factors p, q and all related information be destroyed. These factors are not needed in the protocol. Moreover, any party who learns these factors will be able to double-spend zerocoins. Note however that knowledge of p, q does not jeopardize the anonymity of Zerocoin.


Why some people become so shameless just to earn some bucks. Can't you read "Dev is contacting the developer and the problem will be resolved.