Topic: [ANN][ANC] Anoncoin (anoncoin.net) | Privacy-centric currency | I2P darknet - page 6. (Read 40653 times)

ANONCOIN EXPLORER is syncing, BUT it is still many years behind:
https://chainz.cryptoid.info/anc/

This explorer is NOT READY yet - it is still over 4 years behind !!!!

Yeah though more pairs for ANC is good either way.

Lol. Bch is a scam and its not going anywhere. It will pump and dump for å few months and eventually fade away. The only reason it exist is for people to make money scamming those who are misinformed enought to believe in it.

Perhaps this coin will fare better in the upcoming BCH dominate trade ecosystem. ANC/BCH might gain traction better than ANC/BTC.

P.S. BCH is going to win because it is more profitable for the dominant traders if it wins.

This coin should not die. It is one of the oldest coins that is surviving the test of time.

It was posted on this thread June 04, 2017, 10:48:58 PM.

https://bitcointalk.org/index.php?topic=1481693.320

I don't have that much involvement with the coin, I have just traded it a few times and turned decent profit on them.
I just quote ZCOIN because I thought ZCOIN and ANONCOIN are both zerocoin iterations, but it seems that ANC is different in the trustless setup.
I am not yet technical enough to testify any truth in what Cryptoslave has said - but when I get into contact with him I can understand better.
But according to what he says ANC does seem to be a better choice than zcoin or zcash given the trustless setup.

When did cryptoslave say this?

THIS WAS POSTED ON THE OLD THREAD

woogod - do you have much involvement with zcoin? This is what Cryptoslave wrote about Zcoin:

The zcoin implementation of zerocoin is done using a trusted source for accumulator namely RSA-2048. The RSA-2048 number was created by RSA Laboratories in March 1991 to encourage research into computational number theory and the practical difficulty of factoring large integers. It was thus created by a company incorporated in USA and this company is thus to be trusted to not have kept the original two prime factors. Because we cannot trust this company to not have kept the factors, it is to be assumed this company or employees can forge fake zcoins at will, which can be done easily when the factor are known. Furthermore they badly coded their zerocoin implementation with a typo that allowed to reuse spent zerocoin. Zcoin by this way in February suffered a heist of  370000 zcoin worth about 2600000$ now.

The Anoncoin implementation of zerocoin aim to use RSA-UFO as trustless accumulators. In contrast, RSA-2048 or a multiparty computation both involve different degrees of trust. In a similar way that what happened with zcoin, if some entity known the prime factors they can then generate infinite amount of zerocoin with fake Zero knowledge proof.

Hoppefully, Sander gave a way to generate semiprime number with a certain degree of certainty in a trustless way using an algorithm. Those numbers are called RSA-UFO for generalised RSA moduli of Unknown complete Factorisation. It is important to note that this work by Sander is superior to secure multiparty computation protocols. Indeed, if MPC are employed during system setup colluding member could recover P and Q and thus the problem of someone who known the trapdoor also remain in the distributed setting. In contrast nobody know the complete factorisation of the RSA-UFO thus the problem of trapdoor is resolved with this setup for the accumulator.

Gnosis implemented a function that on startup all Anoncoin wallet software deterministically generates the same 16 raw UFOs using SHA-256 hashing of the numbers 0-15. This being done, people from the Anoncoin community brute forced those numbers for 75 days using the Elliptic Curve Method of factorization to remove the small factors up to 165 bits. If the RSA-UFO bit length after division by small factors is lower than 3456, the RSA-UFO was unfit for the security level we wanted because it would have been possible to use the General Number Field Sieve (GNFS) to factor it. It was shown by Monte-Carlo simulation that with this minimum number of 3456 bits the RSA-UFO was unfactorable with a certainty of 80%. By using 13 such RSA-UFO, and with only one of them needed to be secure, and the zerocoin having to be accumulated in all of them, the probability of all of them to be unsecure is 0.2^13=0.0000000008192 ~ 1 out of 1 billion.

So the procedure to generate the complete RSA UFOs is 1) create the 13 "raw" UFOs by hashing, and 2) divide out the small factors found in the UFO project. This is performed not only by the UFO clients and server, but also will be performed on startup by all Anoncoin wallet software. This is the trustless way to zerocoin we want to finalize in Anoncoin. In this way, the security will resist extremely powerful attackers able to remove factors by the Elliptic Curve Method (ECM) up to 768 bits and able to factor numbers up to 2048 bits using the Generalized Number Field Sieve (GNFS). This is far beyond what anybody is likely to be able to do for many decades.

To summarize, the difference between zerocoin-in-Anoncoin and zerocoin-in-Zcoin is that the latter is using a trusted accumulator. For Zcoin and Zcash, even using MPC, no amount of studying the source code will tell you if the master key was destroyed as it's supposed to be. Nobody can be sure. In contrast, studying the source of Anoncoin (and relevant papers on the crypto, and the RSA-UFO wiki page) enables people to verify that there are no backdoors. This is why Anoncoin aim for using such a trustless solution. This, combined with the only implementation of I2P-SAM in the wallet of all coin, development of the C++ i2p router i2pd with orignal, and cooperation with services such as exchanged.i2p lead us to be the best trustless anonymous coin on the market.

BTC38 delisting threw off the markets,
But if this coin can be developed to have zerocoin integration and possible even incentivised nodes - the way ZCOIN is going. Then I think this coin can be worth even more than what it was before.

I still haven't sold my Anoncoin, I think it has potential to re-attain those heights. BTC38 delisting anoncoin crashed the market, which is dumb if you ask me.

I hate when exchanges delist coins, it makes the market move downward in an artificial way. People sell for no reason other than that. Sure, it wasn't a huge volume coin for them but do they really need to delist it? Does it really consume that many resources?

I bought a few more, Hodling in hopes of zerocoin integration.

People have been posting more comments on the old thread here:
https://bitcointalksearch.org/topic/official-anoncoin-chat-thread-including-history-227287

Anyway, I posted this thread link in my last comment over there.

thats ok ill continue to buy more this coin is rare so why not

BTC38 has made the decision to cancel the listing of ANC and other small coins due to what they said was low volume, little development etc. They gave me IFNChain in exchange yesterday for all my ANC's (2000+) which I sold for CNY and got most of the value I had prior to the suspension. Overall the deal is actually very good compared to what has happened to ANC on Nova. If I had my coins on nova today, I would have lost around 80% of the value ANC had prior to the suspension on BTC38.

Moreover, we haven't heard anything from Cryptoslave for a while or Yobit for that matter and now we are only on two exchanges with very low volume. I have to admit that it is looking grim for ANC. The CNY I was able to salvage from this mess (22k) I have on BTC38, will be converted to BTC so I can transfer to BITTREX and buy BCC, Monero and Decred.

All explained here.

https://www.coindesk.com/coindesk-explainer-bitcoin-cash-forking-blockchain/

so I set an account with btc38 and yeah they stop everything no trading for the weekend I guess fuck LOL   

wow thats major can you share some info about that any news or article on this thanks

BTC38 suspended trading ANC and other coins due to the upcoming introduction of BCC (Bitcoin Cash) trading on BTC38. Asian miners, exchanges and investors are going ahead with the BTC split.

I just checked the blockchain and it looks fine don't see why would they suspend it can you check again I don't have a btc38 account

Does anybody know what is happening with BTC38? Trading seems to be suspended!