[ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE - page 25.

zavtra

member

Activity: 112

Merit: 10

Quote from: samo on January 09, 2014, 04:42:10 PM

Good assessment, that seems the logical next step as ppl need to at the very least cover the cost of running a node and this would also be an incentive to do so.

So basically a reward system for setting up a node?

Maybe we should allow people to collect a 2% monthly interest on their wallet for running a mixing node, or something along these lines?

GröBkAz

hero member

Activity: 854

Merit: 500

I'm really glad that the development of this project is going well. Every time I take a look, something is happening.

samo

newbie

Activity: 46

Merit: 0

Quote from: bravestar on January 09, 2014, 03:38:00 PM

Quote from: samo on January 09, 2014, 01:39:02 PM

Quote from: Ximp on January 09, 2014, 01:19:07 PM

Quote from: CryptoAddict on January 09, 2014, 09:23:05 AM

Is the coin mixing process in SBC currently active? Or in development? If i understand correctly how the SBC coinmixer works it basically means this currency wont be decentralized.

This project called Zerocoin http://zerocoin.org/ seems to aim to provide what Stablecoin is providing in terms of anonymity but they can accomplish it without a centralization. However, they are not a coin but rather a protocol that gets added ontop of another coin (like Mastercoin) so they need a partner it seems.

Maybe SBC & Zerocoin could work together considering how they have similar(identical?) goals? If this could make SBC anonymous AND truly decentralized then I think we would have a winner.

Zerocoin actually is a bit less secure, as all that needs is somebody to figure out the private key, which at least one person will know at launch. Stablecoin, if I'm not mistaken, mixes up the private key regularly, and an attacker would need physical access to the key nodes.

Also to that point, if i'm understanding correctly it will still be decentralized inherently, as anyone can setup there own nodes to faciliate the mixing, so you dont have to use sbc's official nodes if you dont want to, similar to mining as your not forced to use btcguild or ghash.io you use w/e pool you feel like or make your own if you want.

Lastly to answer your question the mixing service is in the development stage, and recently artos has requested beta testers for this service so you'll be able to see for youself once we get an announcement for when closed beta opens up.

Signup- https://bitcointalksearch.org/topic/annsbc-stablecoin-mixing-service-beta-tester-signup-402095

So, is there a chance we would see mining where you get coins to run a mixing service node? Perhaps adding transaction fees to mixing to pay whoever is running the mixing node and to place priority over those with higher transaction fees?

That'd be a very good way to cope with what will happen when all coins are minted. I have been skeptical of how the transaction fee to cost to mine ratio will play out and I've been thinking that transaction fees would have to go up significantly higher.

Good assessment, that seems the logical next step as ppl need to at the very least cover the cost of running a node and this would also be an incentive to do so.

bravestar

newbie

Activity: 2

Merit: 0

Quote from: samo on January 09, 2014, 01:39:02 PM

Quote from: Ximp on January 09, 2014, 01:19:07 PM

Quote from: CryptoAddict on January 09, 2014, 09:23:05 AM

Is the coin mixing process in SBC currently active? Or in development? If i understand correctly how the SBC coinmixer works it basically means this currency wont be decentralized.

This project called Zerocoin http://zerocoin.org/ seems to aim to provide what Stablecoin is providing in terms of anonymity but they can accomplish it without a centralization. However, they are not a coin but rather a protocol that gets added ontop of another coin (like Mastercoin) so they need a partner it seems.

Maybe SBC & Zerocoin could work together considering how they have similar(identical?) goals? If this could make SBC anonymous AND truly decentralized then I think we would have a winner.

Zerocoin actually is a bit less secure, as all that needs is somebody to figure out the private key, which at least one person will know at launch. Stablecoin, if I'm not mistaken, mixes up the private key regularly, and an attacker would need physical access to the key nodes.

Also to that point, if i'm understanding correctly it will still be decentralized inherently, as anyone can setup there own nodes to faciliate the mixing, so you dont have to use sbc's official nodes if you dont want to, similar to mining as your not forced to use btcguild or ghash.io you use w/e pool you feel like or make your own if you want.

Lastly to answer your question the mixing service is in the development stage, and recently artos has requested beta testers for this service so you'll be able to see for youself once we get an announcement for when closed beta opens up.

Signup- https://bitcointalksearch.org/topic/annsbc-stablecoin-mixing-service-beta-tester-signup-402095

So, is there a chance we would see mining where you get coins to run a mixing service node? Perhaps adding transaction fees to mixing to pay whoever is running the mixing node and to place priority over those with higher transaction fees?

That'd be a very good way to cope with what will happen when all coins are minted. I have been skeptical of how the transaction fee to cost to mine ratio will play out and I've been thinking that transaction fees would have to go up significantly higher.

JohnyCrypt

newbie

Activity: 56

Merit: 0

Had a few nice jumps on Cryptsy's SBC/BTC market late yesterday. Seems like we're making slow but steady progress!

samo

newbie

Activity: 46

Merit: 0

Quote from: Ximp on January 09, 2014, 01:19:07 PM

Quote from: CryptoAddict on January 09, 2014, 09:23:05 AM

Is the coin mixing process in SBC currently active? Or in development? If i understand correctly how the SBC coinmixer works it basically means this currency wont be decentralized.

This project called Zerocoin http://zerocoin.org/ seems to aim to provide what Stablecoin is providing in terms of anonymity but they can accomplish it without a centralization. However, they are not a coin but rather a protocol that gets added ontop of another coin (like Mastercoin) so they need a partner it seems.

Maybe SBC & Zerocoin could work together considering how they have similar(identical?) goals? If this could make SBC anonymous AND truly decentralized then I think we would have a winner.

Zerocoin actually is a bit less secure, as all that needs is somebody to figure out the private key, which at least one person will know at launch. Stablecoin, if I'm not mistaken, mixes up the private key regularly, and an attacker would need physical access to the key nodes.

Also to that point, if i'm understanding correctly it will still be decentralized inherently, as anyone can setup there own nodes to faciliate the mixing, so you dont have to use sbc's official nodes if you dont want to, similar to mining as your not forced to use btcguild or ghash.io you use w/e pool you feel like or make your own if you want.

Lastly to answer your question the mixing service is in the development stage, and recently artos has requested beta testers for this service so you'll be able to see for youself once we get an announcement for when closed beta opens up.

Signup- https://bitcointalksearch.org/topic/annsbc-stablecoin-mixing-service-beta-tester-signup-402095

Ximp

sr. member

Activity: 336

Merit: 250

CS Student - BC Logo Guy

Quote from: CryptoAddict on January 09, 2014, 09:23:05 AM

Is the coin mixing process in SBC currently active? Or in development? If i understand correctly how the SBC coinmixer works it basically means this currency wont be decentralized.

This project called Zerocoin http://zerocoin.org/ seems to aim to provide what Stablecoin is providing in terms of anonymity but they can accomplish it without a centralization. However, they are not a coin but rather a protocol that gets added ontop of another coin (like Mastercoin) so they need a partner it seems.

Maybe SBC & Zerocoin could work together considering how they have similar(identical?) goals? If this could make SBC anonymous AND truly decentralized then I think we would have a winner.

Zerocoin actually is a bit less secure, as all that needs is somebody to figure out the private key, which at least one person will know at launch. Stablecoin, if I'm not mistaken, mixes up the private key regularly, and an attacker would need physical access to the key nodes.

shtako

hero member

Activity: 779

Merit: 502

Quote from: CryptoAddict on January 09, 2014, 09:23:05 AM

Is the coin mixing process in SBC currently active? Or in development? If i understand correctly how the SBC coinmixer works it basically means this currency wont be decentralized.

This project called Zerocoin http://zerocoin.org/ seems to aim to provide what Stablecoin is providing in terms of anonymity but they can accomplish it without a centralization. However, they are not a coin but rather a protocol that gets added ontop of another coin (like Mastercoin) so they need a partner it seems.

Maybe SBC & Zerocoin could work together considering how they have similar(identical?) goals? If this could make SBC anonymous AND truly decentralized then I think we would have a winner.

You should read this: http://www.cryptocoinsnews.com/2013/12/12/anoncoin-interview-lead-developer/

If anoncoin can integrate zerocoin other coins should also be able to do so. But anoncoin seems to be miles ahead.

CryptoAddict

member

Activity: 115

Merit: 10

Is the coin mixing process in SBC currently active? Or in development? If i understand correctly how the SBC coinmixer works it basically means this currency wont be decentralized.

This project called Zerocoin http://zerocoin.org/ seems to aim to provide what Stablecoin is providing in terms of anonymity but they can accomplish it without a centralization. However, they are not a coin but rather a protocol that gets added ontop of another coin (like Mastercoin) so they need a partner it seems.

Maybe SBC & Zerocoin could work together considering how they have similar(identical?) goals? If this could make SBC anonymous AND truly decentralized then I think we would have a winner.

allwelder

legendary

Activity: 1512

Merit: 1004

Quote from: Ch3rub on January 09, 2014, 06:55:28 AM

Quote from: allwelder on January 09, 2014, 04:34:10 AM

Quote from: usr on January 09, 2014, 04:16:41 AM

Quote from: allwelder on January 09, 2014, 04:04:01 AM

Download the latest client,but out of sync,how to deal with it?
TKS.

Check connection.
Add blockexplorer as node:
addnode=66.228.60.13

(Edit file: stablecoin.conf)

Sorry for my stupid question.
What to type in stablecoin.conf file and how to addnode? any detailed infor?
Thank you

No stupid questions, we all need to learn Wink

Just create the stablecoin.conf file (if you don't have one, if you do just add the extra line in the file) and in the file add the line posted above, exactly as it is:

Quote

addnode=66.228.60.13

Adding this line of text will do all you need. Make sure to restart the wallet after you've modified the conf file.

Many thanks,it is sycning now.

Ch3rub

member

Activity: 64

Merit: 10

Quote from: allwelder on January 09, 2014, 04:34:10 AM

Quote from: usr on January 09, 2014, 04:16:41 AM

Quote from: allwelder on January 09, 2014, 04:04:01 AM

Download the latest client,but out of sync,how to deal with it?
TKS.

Check connection.
Add blockexplorer as node:
addnode=66.228.60.13

(Edit file: stablecoin.conf)

Sorry for my stupid question.
What to type in stablecoin.conf file and how to addnode? any detailed infor?
Thank you

No stupid questions, we all need to learn Wink

Just create the stablecoin.conf file (if you don't have one, if you do just add the extra line in the file) and in the file add the line posted above, exactly as it is:

Quote

addnode=66.228.60.13

Adding this line of text will do all you need. Make sure to restart the wallet after you've modified the conf file.

allwelder

legendary

Activity: 1512

Merit: 1004

Quote from: usr on January 09, 2014, 04:16:41 AM

Quote from: allwelder on January 09, 2014, 04:04:01 AM

Download the latest client,but out of sync,how to deal with it?
TKS.

Check connection.
Add blockexplorer as node:
addnode=66.228.60.13

(Edit file: stablecoin.conf)

Sorry for my stupid question.
What to type in stablecoin.conf file and how to addnode? any detailed infor?
Thank you

usr

newbie

Activity: 9

Merit: 0

Quote from: allwelder on January 09, 2014, 04:04:01 AM

Download the latest client,but out of sync,how to deal with it?
TKS.

Check connection.
Add blockexplorer as node:
addnode=66.228.60.13

(Edit file: stablecoin.conf)

allwelder

legendary

Activity: 1512

Merit: 1004

Download the latest client,but out of sync,how to deal with it?
TKS.

RENDERING

sr. member

Activity: 353

Merit: 250

Fee's are now 0% http://sbc.coinarmy.com

pnoch

full member

Activity: 127

Merit: 100

Missing a lot of SBC from coins-e too. No reply from them yet over 2 days now Cry

allwelder

legendary

Activity: 1512

Merit: 1004

Quote from: artos on January 06, 2014, 05:48:53 PM

Disappear for a week and everybody is ready to tar and feather you... I just returned from a business trip to Japan. Found some free time to climb Mt Fuji and relax in the Hakone hot spring. Sometimes it's nice to disconnect yourself from everything. Anyway... StableCoin 1.5 Mac and Ubuntu wallets are now available.

Mac: https://mega.co.nz/#!0AY3FQbb!T5wdjVvp3oDfr9Ucun4Dw2JaF0wePwP5xy50meuwn9k
Ubuntu: https://mega.co.nz/#!zZEzHTzA!CvWvM1c32nmOb6yNU_YI1XqfrN83l2Mz7X_k5D6_Yfk

As a bonus, either later today or tomorrow I will be making a post to collect a list of individuals interested in beta testing the mixing service.

Count me in if need.
Thanks.

Scooby903

hero member

Activity: 896

Merit: 500

Revised difficulty algo appears to be working beautifully - Kudos to artos Grin

GröBkAz

hero member

Activity: 854

Merit: 500

Quote from: mudshark79 on January 07, 2014, 01:08:22 PM

Da spricht er die Wahrheit - wäre allerdings die Frage, an wen der Brief dann rausginge Roll Eyes

Probably to the person who registered the .de domain. I hope he earned a lot of money with stablecoin. He will probably need it for the lawyers. Wink

Tommo_Aus

sr. member

Activity: 420

Merit: 250

Could http://tompool.org please be added to the pool list?

Topic: [ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE - page 25. (Read 198682 times)