Topic: [ANN] MITOSYS: New Encrypted Communications Cryptocurrency - page 2. (Read 11556 times)

Dear bitfreak!

Please read this and you will get a full picture of what this is all about, a draft on the concept, design and an implementation proposal for this system/cryptocurrency decentralized market of encrypted communications.

DRAFT FOR AN OPTIMAL DESIGN AND IMPLEMENTATION FOR A DECENTRALIZED/DISTRIBUTED ENCRYPTED DATA TRANSMISSION RIGHTS CRYPTOCURRENCY (EDC) AND DERIVED BUSINESS APPLICATIONS
https://bitcointalksearch.org/topic/concept-distributed-encrypted-data-transmission-rights-cryptocurrency-327186


This is correct.

You're right, point 1 is obvious but I hadn't really thought about point 2 until I read this thread. The mini-blockchain scheme probably would be a great way to store encrypted messages in a decentralized fashion. Bitmessage also uses a type of dynamic blockchain doesn't it? So the difference between Bitmessage and this idea is that it will also function as a crypto-currency and not just a messaging service, which will enable more advanced messaging functionality like paid services?

Well Rosenfeld's answer was acceptable because it mentions how archive nodes can be used in times of emergency, but he didn't mention the most important point about new nodes refusing the join the network if they detect that a "secret chain attack" like that is happening, that is what really makes it difficult for the attack to succeed.

At this stage I'm quite satisfied with the defenses against such a secret chain attack. The only thing which really needs to be discussed in more detail is the exact structure and design of the account tree and how script can be replaced with a simpler type of transaction mechanism which only allows a limited set of hard-coded transaction types.

Dear bitfreak!

Good to see you here and thank you for your interest.

Hopefully, this bounty will be collected soon by any bright mind(s) out there due to two new incentives:

1- Bitcoin has reached new all time highs
2- There is an actual concept for an application in which this tool can be used.

This won't be much of a problem provided that we join forces and spread the word to people that can solve this involved, plus generate interest in the idea, which will also drive skilled people to produce ideas, solutions and code.

Promotion of this concept is crucial for its implementation.

Best regards

Yeah, I remember now.
Well I didn't accept it at the time and it didn't get a lot of votes.
Perhaps it's time to kick up that discussion as well.
(I won't participate, too fricking busy)

Yah, if you scroll down you'll see I provided an answer which expands on Rosenfeld's answer.

Glad to see you involved bitfreak!

Did you review get a chance to review http://bitcoin.stackexchange.com/questions/12014/is-the-finite-blockchain-idea-secure  ?

Would I be correct to assume you are going to use concepts from the mini-blockchain project? Please be aware that I have a 28BTC bounty for anyone who can provide a basic proof-of-concept client which uses a mini-blockchain and account tree (doesn't need all the extra messaging functionality).

Everyone,

If this doesn't ring an alarm bell in your head, then I don't know what else will.

They make us buy cellphones and internet service to produce and harvest the same data that is used not only to restrict our freedoms but to get into our minds and know how we can pay even more for what they are selling.
And no, we don't get a penny on it.

Enter the age of Digital Slavery (whether willing or unwillingly doing so)

Since when is a device that quickly goes into record-fast obsolescence like a smartphone can be worth half an ounce of Gold?! 
(USD 600)

We are living in the Matrix. Now more than ever.

Take the red pill.

http://online.wsj.com/news/articles/SB10001424052702304682504579157780178992984

Web Giants Threaten End to Cookie Tracking
Balance of Power in Ad Industry at Stake as Google, Microsoft Seek to Control Web Tracking

"In the past month, Microsoft Corp. MSFT +0.75% , Google Inc. and Facebook Inc. FB -0.06% have said they are developing systems to plug into and control this river of data in ways that bypass the more than a thousand software companies that place cookies on websites.

The moves could radically shift the balance of power in the $120 billion global digital advertising industry—and have ad technology companies scrambling to figure out their next play.

The Silicon Valley trio, which produce browsers, email services and operating systems used by billions across many devices, are positioned to potentially learn far more about people's activities than cookies ever could. Today, a diverse ecosystem of companies places cookies on websites to track people through browsers; now the giants see an opportunity to get into tracking themselves."

This sounds really interesting!

what news about this 

"As the Americans learned so painfully in Earth's final century, free flow of information is the only safeguard against tyranny. The once-chained people whose leaders at last lose their grip on information flow will soon burst with freedom and vitality, but the free nation gradually constricting its grip on public discourse has begun its rapid slide into despotism. Beware of he who would deny you access to information, for in his heart he dreams himself your master"

    Commissioner Pravin Lal, "U.N. Declaration of Rights"

Glad to hear ... I hope this will take off soon.
Together all these projects will bring about the singularity soon ... the rate of changes is accelerating

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Thank you for your kind help Ron! Appreciate it!

I would like to inform that Bitcoin Magazine has shown interest and we are in preliminary talks to get the word out.

Hopefully, if this project is plausible and has the potential to become very successful, others will also join it.
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I sent this to Jon, I don't know anyone at the EFF. Try approaching them via their regular channels.

Gli.ph is very cool however I do agree that there are many fundamental differences with Mitosys:

Gliph is an anonymizing business which enables users to do many things, for example send an already existing crypto currency (Bitcoin) to other users without revealing your identity, connect with others without revealing your email and personal information until you are ready to do so.

It is a central entity, which is also a central point of failure, and connects with other centralized entities such as Coinbase or BIPS. Whether if encrypted or not, their information is not distributed and could be subject to government attacks/seizures (they are a visible registered business entities under the laws of a state)

Mitosys business model is that of building a decentralized autonomous corporation (featured in Bitcoin Magazine by Vitalik Buterin) and not of old concept of government sanctioned corporations. With the current recent technology, specially the one Satoshi enabled, we don't need the permission of governments to start a corporation.

Moreover, Gliph doesn not want to create its own cryptocurrency. Bitcoin's underlying asset, or the backing as to say, is the need for people to store financial information (debits and credits) between anony-pseudonymous parties and coins are the right to store that information in a decentralized indestructible database (the blockchain), created by solving crypto puzzles and/or relaying transactions.

Albeit all the opression and persecution going on in the world, I believe the need for decentralized/distributed encrypted and affordable communications is bigger than that of storing financial information off the government-sanctioned financial grid.

Because we have reached a point in history where people cannot afford to save, we live in a state of perpetual global financial crisis because governments force, induce and train people to use currency based on debt, which can be inflated at will by only one party, and is not a store of value.

And I believe Mitosys and its backing can act both as a much needed service stored in a form of cryptocoin, which is fungible, durable, divisible, portable and  a store of value.

Would be interested to getting this into the hands of Jon Matonis, EFF and other prominent individuals who share this vision, if you can help me out

On our Facebook group someone mentioned gli.ph as a potential competitor.
I don't know them well enough, but I doubt they have the same vision ... but worth checking them out in more detail anyway.

BTW I will be muting this thread for a few days due to lack of time. I'll check back later...

Ron

This is not going to work.

You can retain your privacy through various means ... but if you setup a dedicated Google account for this purpose and only use it for stuff that are public anyway, you are not really relinquishing any privacy.

I think you need to learn to be private about private things, but public about public things, and let Google have your TOR IP and public docs ... it doesn't really constitute a loss of privacy as long as you don't use it for anything important.

Not relying on cloud infrastructure would be a hinderance. In the future you can disentangle yourself and Mitosys from these sort of services, but for now adopting them will just speed you up tremendously.

Dear ripper234:

Thank you for your continued support and mentoring. You are a big help to us.

Regarding Mitosys and Bitmessage:

The most obvious comparison that is not related to technical, but fundamental issues, is that people relay encrypted messages for free in Bitmessage, while paying for electricity, hardware and internet service.

I would like to ask someone to copy and paste the whole text in a Google Doc because since I believe privacy is an underrated asset, that will help me keep mine in the meantime until this goes past mainstream.


Dear Brandon1000:

1) In the draft that I wrote I described that its essential to have a limited supply and a difficulty curve to control emission, in order to have a currency which is a store of value.
What is the optimal way of designing an emission rate/difficulty curve? We don't know yet but collective brainstorming will bring the answer

2) Regarding the information being on a public ledger: The information is encrypted (much like PGP garble you see before decrypting it) and only the intended recipient will hold the private key to decrypt data, either the sender or the recipient could pay Mitosys coins in order to get the message through.

That extra suggestion regarding a CPU/RAM market is great, most likely better to implement it after the secure communication protocol is done, since its the most urgent need for billions of people worldwide. Thanks!

Everything even the concepts are in alpha mode and most probably there are things which are not logical however this is why this is being shared with all the community, in order to perfect it.

We look forward to further feedback from you all!