I'm working all day today (took the day off work) on finishing the wiki specifications and moving back to the whitepaper (_ingsoc wants it done by Monday for some potential developers), so, probably it will be moving to development pretty soon.

When you make sweeping changes to the Bitcoin protocol, there's quite a lot that can go wrong.  I identify new vulnerabilities (and potential solutions) every time I sit down to work, I feel like.

Well, I didn't want the tickets/lottery hashes to be completely known before they were able to be used (especially the lottery winner hashes).  To manipulate the ticket/lottery winner hash if you made the final bit from a block 64 blocks behind, you would only have to manipulate that block from 64 blocks ago.  In any case, manipulation of that block only allows you to select from 2 potential ticket/lottery numbers.  To completely manipulate ticket generation, you would have to manipulate the 16 last blocks in the chain.

I think it's likely that I should do away with the pulling of bits and then hashing completely and simply pull 15 bits from the last 65535 blocks and 1 bit from the current one (and something similar for ticket generation) and make that the ticket.  In order to pull off such an attack, the attacker would need to have 51% hash power during each of these 16 blocks, which is extremely unlikely given the timespan over which they occur.

I think it's easier if you choose a different entropy source; I'm going to update the wiki later today with a more recent (and interesting) idea.

Hmm....just to confirm, so around 2.6 million coins will be issued via the kickstarter?

Ahh. I see. Thanks for the correction

Not only is that wiki page written atrociously, you should not be drawing any conclusion that the kickstarter has anything to do with the value of the coin. What the hell

So are those rates firm? Any chance to lower the initial $50000 to 0.02? Also is there any way to pay in Bitcoin or Litecoin?

I think you are doing a great job, the kickstarter scheme is just brilliant.
This is the first coin that I know of that fully uses the potential of PoS from the start.

BTW, a link to the wiki in the first post would be very useful. It is getting harder and harder to find things in this thread, and just FYI the netcoin forums are down ATM.

Thanks!

I added the wiki to the main page.  The forum will be back up around when the kickstarter launches (and I can get my hands out of this and leave it to the people implementing it to move forward with the project, so hopefully we will see less delays).

This is all an important part of the cryptocurrency's design, but beyond what I can supply right now in terms of time.  _ingsoc has largely been handling this aspect up until now.

Awesome! Sounds good. Thanks so much for taking the time to do this!

Lastly, do you have a number specified for the cap of the coin? Or is there no cap