[ANN][MCN] Moneta Verde - CryptoNote coin with difficulty-BR (lnch at 15:00 GMT) - page 16.

titan86

newbie

Activity: 46

Merit: 0

Quote from: sabreezie on June 17, 2014, 08:34:34 AM

Quote from: titan86 on June 17, 2014, 08:27:25 AM

I hope zero knowledge proofs can come in handy here.

No, this particular situation is much worse in cryptonight currencies. The economy is totally blinded and you can't prove anything. This is by design.

Maybe in how BCN/Monero/cash is proposed in the white paper (not sure), but isnt "cryptonight knowledge proof" the concept of prooving that computation (or part thereof) has happened or that some information is included in a particular data set, whithout revealing any other part of information, pertaining to this computation/data set. Like being able to proof your Nationality with your digitized and encrypted passport that you run through a cryptonight knowledge script which produces this proof, while keeping all other information in it secret. Think of it like showing your Nationality in your real passport to someone, while covering all other fields with your fingers.

sabreezie

newbie

Activity: 39

Merit: 0

Quote from: titan86 on June 17, 2014, 08:27:25 AM

I hope zero knowledge proofs can come in handy here.

No, this particular situation is much worse in cryptonight currencies. The economy is totally blinded and you can't prove anything. This is by design.

titan86

newbie

Activity: 46

Merit: 0

Quote from: cccarnation on June 17, 2014, 03:14:58 AM

Quote from: professorXY on June 17, 2014, 03:04:56 AM

A primary feature of Bitcoin is that a payer can prove via the blockchain that a payment was sent. With all this CryptoNote shit ring signatures, how can I prove that I sent you Verde or Monero or Bytecoin or what in the event of a dispute?

Something similar was raised for BCN as well. I'd say one practical way to overcome this is through additional avenues of trust between yourself and the party you're sending to. I can see the full anonymous coins like DRK and BCN work best when they are transacted in person, so both parties can verify each other and walk away. Someone also raised the possibility of using darksend to send to a new wallet, then transact without darksend and do the same in reverse on the other side. Not sure whether this could apply for Verde as well.

I hope cryptonight knowledge proofs can come in handy here.

cccarnation

member

Activity: 146

Merit: 10

One Token to Move Anything Anywhere

Quote from: professorXY on June 17, 2014, 03:04:56 AM

A primary feature of Bitcoin is that a payer can prove via the blockchain that a payment was sent. With all this CryptoNote shit ring signatures, how can I prove that I sent you Verde or Monero or Bytecoin or what in the event of a dispute?

Something similar was raised for BCN as well. I'd say one practical way to overcome this is through additional avenues of trust between yourself and the party you're sending to. I can see the full anonymous coins like DRK and BCN work best when they are transacted in person, so both parties can verify each other and walk away. Someone also raised the possibility of using darksend to send to a new wallet, then transact without darksend and do the same in reverse on the other side. Not sure whether this could apply for Verde as well.

professorXY

newbie

Activity: 166

Merit: 0

Quote from: Italian Technology on June 15, 2014, 07:46:31 PM

Btw nice coin name, are u Italian?

What's nice in repeating already existing coin names in different languages. Btw how "green" this coin really is?

professorXY

newbie

Activity: 166

Merit: 0

A primary feature of Bitcoin is that a payer can prove via the blockchain that a payment was sent. With all this CryptoNote shit ring signatures, how can I prove that I sent you Verde or Monero or Bytecoin or what in the event of a dispute?

NotAtOld

member

Activity: 200

Merit: 10

Quote from: unexecuted on June 16, 2014, 03:22:26 PM

I too think there could be a place for merged mining in our future, but I don't see the advantages right now. A merge would not require Verde miners to participate on the other coins' block chain, and that seems like a dealbreaker to me. All of the proposed benefits for BCN, Monero etc. go right out the window without this - some Verde miners will might be on board with dogecoin but I feel that not all of them, and that's what really matters.

You'd be surprised how strong a motivating factor greed is. They can't afford to not also mine other coins. If people are doing it, the difficulty will go up. They would be stupid to stick to their guns. No one dislikes BCN or Monero that much to give up half the mining revenue.

unexecuted

member

Activity: 175

Merit: 10

I too think there could be a place for merged mining in our future, but I don't see the advantages right now. A merge would not require Verde miners to participate on the other coins' block chain, and that seems like a dealbreaker to me. All of the proposed benefits for BCN, Monero etc. go right out the window without this - some Verde miners will might be on board with dogecoin but I feel that not all of them, and that's what really matters.

xsmoffx

newbie

Activity: 37

Merit: 0

Quote from: platorin on June 16, 2014, 06:02:38 AM

There's nothing new that this coin offers, moreover you lack many information.

why? and what about ITALIAN NAME?

xsmoffx

newbie

Activity: 37

Merit: 0

ya'll guyz have real problems with naming you new coins. there was one bytecoin already and now we have the second one. we have already one greencoin and now this one 'means "green coin" '

c'mon wheres your imagination?

RepublicSpace

member

Activity: 145

Merit: 10

Quote from: cryptomidnight on June 15, 2014, 11:43:35 AM

- merged mining with Monero, QuazarCoin, Bytecoin or any other CryptoNight-based coin

The only problem with merged mining is that it may peg the two coin's price together since the supply would be linked. But on this stage price doesn't matter that much for these ones, I think merged mining is the prefect solution.

polz

full member

Activity: 133

Merit: 100

Need exchange to spirit this coin

RepublicSpace

member

Activity: 145

Merit: 10

Quote from: Shadow_Runner on June 15, 2014, 11:57:12 AM

Again wallet with cmd interface?

... and 8bit music on the back Wink

platorin

sr. member

Activity: 392

Merit: 250

There's nothing new that this coin offers, moreover you lack many information.

Italian Technology

newbie

Activity: 51

Merit: 0

Very interesting, can u give use more info? Btw nice coin name, are u Italian?

33zer0w0lf

full member

Activity: 224

Merit: 100

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TheCoinFinder

legendary

Activity: 938

Merit: 1001

Hashharder will provide a pool.

cryptomidnight

member

Activity: 84

Merit: 10

Quote from: loewen.brad on June 15, 2014, 11:50:42 AM

It might help to mention which algo you're using

Mining algo - CryptoNight (like Bytecoin and Monero).

Cloudpost

hero member

Activity: 742

Merit: 500

it looks like they plan to use cryptonight algo (bytecoins/monero)

BUT why do you use "green" as coin name? Do you know there is already a green coin - Vertcoin?

Shadow_Runner

hero member

Activity: 574

Merit: 500

Again wallet with cmd interface?

Topic: [ANN][MCN] Moneta Verde - CryptoNote coin with difficulty-BR (lnch at 15:00 GMT) - page 16. (Read 62456 times)