How I’ve spent 3.5 years creating my own cryptocurrency (dcoin.me)

12 points by c-darwin 11y ago ↗ HN

12 comments

[ 3.0 ms ] story [ 35.4 ms ] thread

The "validation video" makes me very curious. I'm a transitioning trans-women and I'm expecting that my face will change a lot when I'm getting onto hormones.

How would it recognize my face again after massive changes? Have you looked at before/after hormone pictures of trans people?

c-darwin 11y ago ↗

Some parameters won’t change - interpupillary dissonance, distance between an eye and an ear, auricle constitution (which is as unique as fingerprints), etc. However, there certainly will be difficulties if hormonotherapy is involved.

mooneater 11y ago ↗

"there’s a security flow". Im no expert, but facial rec sounds like a very flimsy basis.

geoah 11y ago ↗

Can't seem to be able to find anything technical about the cryptoc.

What is the hashing algorithm? What is the difficulty, its retargetting? What is the block limit, reward etc?

Where is the mining software? On the wiki there is windows only executable and a link to the github repo of the pool's php codebase.

c-darwin 11y ago ↗

Blockchain use is the only similarity between DCoin and typical cryptocurrencies. As for the mining, more precisely, how exactly new coins are created, I’ve written in this article: - http://dcoin.me/en/story.html, you can also read more here - http://en.dcoinwiki.com/Promised_amount. You can learn more about how blockchain is constructed here: http://en.dcoinwiki.com/Block_Generating_Miner

skilesare 11y ago ↗

As someone has spent a significant amount of time and resources coming up with something with similar intentions, this is very interesting to me.

What I don't understand is exactly what you are going for. How is this better than what we have?

c-darwin 11y ago ↗

In DCoin anyone can make money on the growth of coin volume in his wallet, and exchange them for fiat money at the 1:1 rate. At that, there is no need whatsoever to buy coins (see article for more details). Any housewife can create new coins, thus ensuring support to the 1:1 exchange rate; all she needs to do is make a short video and take a couple of photos.

xkarga00 11y ago ↗

Your setup process [1] is rough, try to make it simpler.

[1] http://en.dcoinwiki.com/Setup

c-darwin 11y ago ↗

http://dcoin.me/en/#start

xkarga00 11y ago ↗

Oh, i just saw that you require people uploading their photos and stuff....

Password1234 11y ago ↗

Would it be possible for identical twins to access each other's accounts of the validation is facial recognition?

c-darwin 11y ago ↗

Access to the account is only possible using the private key. There is also the private key recovery function: http://en.dcoinwiki.com/Restoration_access. However, there is a problem with twins. Only one of the twins will be able to become a miner, another will have to use a regular anonymous account.