Just a crossposting here. I hope it's not too much clutter. beg ur indulgence
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I'm interested. Look for posts by hozer at hozed dot org on the cypherpunks mail list if you want to figure out if I know what I'm talking about or not.
Now, one very important question:
What is your threat model?
Are you just trying to have anonymous transactions that are reasonably cryptographically secure from sophisticated individuals and security researchers who post how easy it is to track bitcoin? If so, I think ring signatures and the bounty may be reasonable.
However, if you are trying to be anonymous from law enforcement, organized crime, or intelligence services (just another form of organized crime), then this is quite a different story.
Hey Hozer, sup man? This topic is a fork from 2 other threads. What I'd like to do is, I'd like to speed this process along. In case u haven't seen this post from MyFarm, let me quote it below:
BOUNTY
I will pay 10 BTC and 5000 DRM to any developer (including the OP) who successfully integrates
ring signatures into DRM. It must be committed to Github and on a testnet so we can test it by May 25nd. If by May 27th it is on mainnet, you get the 10 BTC. If you miss the deadline but successfully implement them by June 10th, I'll provide 2 BTC. You must accept the challenge by 10pm pacific on May 19th and update us with your progress no less than once every 18 hours. Failure to do so nullifies this offer.
I will pay an additional 10 BTC and 2000 DRM to any developer who integrates DarkSend Anonymous technology into DRM within 5 days of DarkCoin open sourcing it as long as the first bounty above was claimed. If ring signatures were not successfully implemented then this offer is null and void.
If DRM has ring signatures (BEFORE Darkcoin) and Darksend not long after, it will be an excellent competitor, especially as POS.
If these two technologies are successfully implemented, I will happily fund additional bounties to make DRM a top tier coin.
you could be just hyping the coin up to sell your bags, if your serious place your coins in escrow
I'll be completely transparent about what I am doing.
1. I am a large holder of DRK. It is one of my primary investments. In V2 of Darksend, the DRK developer plans to implement ring signatures. Putting a large bounty on the implementation of ring signatures into DRM helps me better gauge my DRK investment.
2. Putting a bounty on the copying of Darksend once it is open sourced helps me better gauge my DRK investment.
3. I hold a little over 50,000 DRM. If someone takes me up on my challenge and is successful, I'll make a decent return in time and have a nice hedge to my DRK investment. But truthfully, this is about DRK. I am happy to continue supporting DRM with additional bounties if the initial two are successful because it will continue to help me evaluate my DRK investment.
4. I have placed the initial 10btc in a private bounty address. You can see the transaction ID here: Transaction ID: ed6e45cf443527cf8ed8f5852594b183f8419a3b45999244745bcdddff0a81d8 -- I am not going to put it in escrow though. I have been on bitcointalk.com for a LONG time and am a trusted entity. If a developer isn't comfortable with that, they shouldn't take me up on my offer.
I figured you guys could use the help. Things weren't looking very hot for you guys and if someone successfully implements these technologies, you should profit nicely. And hopefully this results in a highly competent dev becoming passionate and taking over DRM.
i mean no offence to you but if you go round on bitcoin talk you will see users with more reputation than you have turned out to be scammers, so activity does not mean anything. you can always use btcrow or very well trusted members like tomatocage and vod
I understand your concern but I have also been around since 2011 so it's more than just my reputation.
You can verify the 10btc is there but if a dev isn't comfortable with all of this, then they shouldn't take me up on my offer.
He outlines his motives behind the bounty. From what I gather, his anonymity goals are specific to the implementation of Ring Signatures and the Darksend (when it becomes open sourced). I hope you are the man to help.
If u do, u get the BTCs of course. But the big lottery number here is the value of the 5000 and 2000 DRM u will recv as bounty -- they may well be equal to or more than the 20 BTCs on offer. I've read thru MyFarms recent posts, and I saw a gem that I want to share:
Well, during the 95 difficulty, almost everybody else bailed waiting for block 15200. I decided for the benefit of all to do what I can to push to 15200. I lost over $500 in lost revenues, but I figured we cant just be stranded for a week! Plus when we finally got there I would be able to recoup at least some of the lost revenues with more DRK.
I could have simply pointed my servers elsewhere during this drought, but I am a team player and I want to help DRK succeed. I only discovered it two days ago, but already I feel this community has great potential. With the exception of the whale and the Ddos'er.
If you feel that I have been wronged, please donate to: Xj4KK1vzBebvGrg8c5h4rr5C8kzXDojruK
I doubt I will ever recoup the $500, but if any large holders of DRK want to make a block sale at a friendly price, PM me
1000 DRK sent. Thanks for all your hard work. I hope others donate to you as well.
A trip down memory lane.
One day I suspect people will be pointing and laughing at me like they do the bitcoin pizza guy.
Heh.
So he sent a guy 1000 DRK for services rendered to community. In today's market price, 1000 DRK = 14.4 BTC.
Hold on to ur DRMS, folks