Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!! - page 287. (Read 2085654 times)

The working principles of these anon coins are really confusing. Sometimes I wonder whether these principles actually really work. For example, when you just do a mixing like Dash ... then you mix 3 transactions. But if I send 9.34313 Dash via a Masternode to B, then B will receive exactly 9.34313 Dash. How big are the odds that around that time someone else also sends this exact amount of Dash ? So it makes the mixing a useless operation. Or did I misunderstand something ?

Monero has a more complex scheme. I don't know the details for sure, but I remember it had something to do with a bunch of addresses that are generated and your money will be send in pieces over all those addresses and then from those addresses it will be send to the receiver. Take the encryption away, and then I still think you can find out who send the coins. If B receives 2.7 XMR from a 10 addresses ... then you know that this sum probably comes from the same source addresses. So if you trace back, you can easily find who sent the coins. Fortunately for XMR it uses encryption. And that's where its value can be found. Again ... did I misunderstand something ?

NAV uses a subchain. But if you take away the encryption then it is again possible to trace back who sent the coins. The decoupling via the subchain doesn't help much. You know that at 16.00 h 9.35 NAV has been sent to the subchain and that at 16.01 h someone received 9.35 NAV. So not difficult to trace back. But the strength lies in the encryption. So nobody can see how much you sent, which makes it impossible to trace back who sent the coins.

I openly admit I know nothing about these cryptostuff ... but following my logic I don't see why there is this mixing and subchain. At this moment with my limited knowledge, these things look rather useless. The strength comes only from the encryption schemes. Please, if I am not right, correct me. I am always happy to learn something. These anon coins are interesting 

It's sad for the noobs that got stuck with it at the top. I hate P&Ds.... They take advantage of new traders.

I'm one of these newb traders. New to the whole digital currency thing really. Started out just buying a bitcoin to hold in a wallet for the future. Then I discovered Poloniex. I should have spent a lot more time researching and watching the exchange scene before playing in it. I saw that one could make some extra coins here and there and got excited. Just recently figured out what FOMO meant lol. So I bought some ethers on Coinbase and sent them to Polo. Made every newb mistake there is. Traded in and out ETC/BTC, ETH/BTC, and XMR/BTC pairs and lost 1.5 BTC in panic selling. At one point, I had 231 XMRs bought at around .00734. If I had only held on to them and not sold them in a panic, I would have been doing pretty good. Desperate to make up the difference (my kids kept asking me how I was doing, they had me buy them a couple of ethers), I tried to ride the NAV pump at 12200 but got in too late and stayed in too long trying to cover. I don't want to make the same mistake I did with XMR so I guess I will be holding my NAVs until better times. I refuse to make the same mistake a 5th time.

After realizing I would be holding onto these NAV coins for awhile, I then looked more into this coin. Yes, I know I should have looked into it before trading in. From the sounds of all the info, it has a lot of promise, even more so than XMR. Hopefully development continues to move along and progress soon.

It's sad for the noobs that got stuck with it at the top. I hate P&Ds.... They take advantage of new traders.

1000% + FLDC, that is just crazy!

Many p&d coins today  .Here is real coin.