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Topic: 2013-04-24: Zerocoin Video Presentation at Microsoft Research (Read 2651 times)

legendary
Activity: 1512
Merit: 1001
Bitcoin - Resistance is futile
I have understand on the video that is implemented into the bitcoin protocol, so miners can't see a single cent while computing this Zerocoins.
donator
Activity: 674
Merit: 523
Is there a possibility of integrating ZeroCoin into Bitcoin protocol?

If i remember correctly, Gavin was talking about future hard fork because of block size limit. Could something like ZeroCoin be also included at that time?
legendary
Activity: 1764
Merit: 1007
What would an Embrace, Extend, Extinguish strategy for Bitcoin look like?

Every wallet comes with extra features already.

BitPay or CoinBase let you send bitcoins to an email address (afaik). Guess that will also be a feature of the MS client then.

When you can't do the same with the free BitcoinQT, people won't understand it.

legendary
Activity: 1022
Merit: 1000
I'll just leave this here. https://en.wikipedia.org/wiki/Embrace,_extend_and_extinguish

Disclaimer: I have not seen the paper/presentation, but I think the link is relevant enough to serve as a warning for those less familiar with the 90's.  Wink

GatesCoins Grin
sr. member
Activity: 453
Merit: 250
I'll just leave this here. https://en.wikipedia.org/wiki/Embrace,_extend_and_extinguish

Disclaimer: I have not seen the paper/presentation, but I think the link is relevant enough to serve as a warning for those less familiar with the 90's.  Wink
legendary
Activity: 1736
Merit: 1006
Microsoft Research and Microsoft are of a...different atmosphere. Microsoft Research employs some of the world's best computer scientists, however thanks to the byzantine structure of M$, most of the achievements of the Research can never be turned into products.
I think we do not need final products definitely.

Microsoft's office politics ensure that anyone trying to do something interesting will either get usurped by their superiors (and robbed of all credit), or they'll be given a bad review and told to work on something more Micro-softian.

I'm amazed they even managed to get another OS out, although it is a trainwreck with all the GUI assumptions - having to cobble on the "start" button again is proof enough of that.


The start menu is the work of a dozen of their top men doing 14 hour shifts for ten years. Then they take it out??? What a crazy company.
member
Activity: 84
Merit: 10
Microsoft Research and Microsoft are of a...different atmosphere. Microsoft Research employs some of the world's best computer scientists, however thanks to the byzantine structure of M$, most of the achievements of the Research can never be turned into products.
I think we do not need final products definitely.

Microsoft's office politics ensure that anyone trying to do something interesting will either get usurped by their superiors (and robbed of all credit), or they'll be given a bad review and told to work on something more Micro-softian.

I'm amazed they even managed to get another OS out, although it is a trainwreck with all the GUI assumptions - having to cobble on the "start" button again is proof enough of that.


Maybe they'll update Microsoft Bob...
legendary
Activity: 2408
Merit: 1121
Microsoft Research and Microsoft are of a...different atmosphere. Microsoft Research employs some of the world's best computer scientists, however thanks to the byzantine structure of M$, most of the achievements of the Research can never be turned into products.
I think we do not need final products definitely.

Microsoft's office politics ensure that anyone trying to do something interesting will either get usurped by their superiors (and robbed of all credit), or they'll be given a bad review and told to work on something more Micro-softian.

I'm amazed they even managed to get another OS out, although it is a trainwreck with all the GUI assumptions - having to cobble on the "start" button again is proof enough of that.
legendary
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
Microsoft Research and Microsoft are of a...different atmosphere. Microsoft Research employs some of the world's best computer scientists, however thanks to the byzantine structure of M$, most of the achievements of the Research can never be turned into products.
I think we do not need final products definitely.
hero member
Activity: 784
Merit: 1000
Microsoft Research and Microsoft are of a...different atmosphere. Microsoft Research employs some of the world's best computer scientists, however thanks to the byzantine structure of M$, most of the achievements of the Research can never be turned into products.
legendary
Activity: 1470
Merit: 1006
Bringing Legendary Har® to you since 1952
MS employees researching Bitcoin and Zerocoin? Thanks, this is big.
Yeah, big for them. They will just plunder and pillage BTC and leave the remains to rot, like they always do.

Oh yeah, like they can.
This is not 1990's and Microsoft is not a monopoly in digital currencies. They will have to either produce something good or die. The open source/libertarian/cryptoanarchist world will quickly kick their asses if they try something funny.
legendary
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
Exciting news, but why call it zerocoin?
legendary
Activity: 1316
Merit: 1003
MS employees researching Bitcoin and Zerocoin? Thanks, this is big.
Yeah, big for them. They will just plunder and pillage BTC and leave the remains to rot, like they always do.
hero member
Activity: 588
Merit: 500
Wow, I finally understand Zerocoin. It sounds great to me. What are the main obstacles to implementing it?

My recollection of one of the main problems was that the parallel metadata requires orders of magnitude larger storage space per transaction and cannot therefore be included in the host blockchain.  They hope that it can eventually be optimized.

By the way, I think Zerocoin is bad name for this, because it makes it sound like an alt-coin.

Quite true, the "coin" namespace is far too crowded, and very few will get the obtuse reference to the zero-knowledge proofs used in the algorithm.  I'd just use common terminology and call it "Anonymity Add-On for Bitcoin" or some variant.
legendary
Activity: 1008
Merit: 1000
Wow, I finally understand Zerocoin. It sounds great to me. What are the main obstacles to implementing it?

By the way, I think Zerocoin is bad name for this, because it makes it sound like an alt-coin.

I think a better name for this idea is a "distributed bitcoin mixing" or some clever version of that.
sr. member
Activity: 358
Merit: 250
What is zerocoin?  Is that this week's new alt coin?

It's apparently a cryptographic extension to bitcoin which would provide truly anonymous transactions instead of the pseudonymous level of privacy bitcoin has today. Some kind of new protocol layer, still using bitcoin (not some new alt coin) if I understand it correctly.

Jon Matonis has mentioned it on a few occasions as a privacy enhancement, see the article below:

http://themonetaryfuture.blogspot.ca/2013/03/fincen-spying-plan-invites-privacy.html
full member
Activity: 216
Merit: 100
What is zerocoin?  Is that this week's new alt coin?

It's a proposed extension to Bitcoin that would make it anonymous.
legendary
Activity: 2114
Merit: 1031
What is zerocoin?  Is that this week's new alt coin?
full member
Activity: 216
Merit: 100
The transcript and slides are available from the same page.. didn't notice it at start. Anyone know any good tools to overlay the slides with the video? I could do that and upload it to youtube and see how long it takes for MS to take it down Wink
sr. member
Activity: 476
Merit: 250
moOo
sounds like a winner
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