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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 271. (Read 1276789 times)

legendary
Activity: 1106
Merit: 1026
Simply sending tokens to another address seems less obvious than trading tokens for the same tokens.
hero member
Activity: 700
Merit: 500
Apparently, we have darksend before darkcoin, we just did not turn it on.

Coin Mixing within Counterparty

Well, it's not quite darksend (because as far as I can tell, your sending address ends up with the same amount of XCP that it put in; you can't have the mixed XCP end up in an arbitrary address, right?); but it is decentralized, trustless coinmixing.  Although it only works between two parties, right?  And they both have to contribute the same amount, and they both receive the same amount.... So it's not a huge win for anonymity/privacy, although it is a tool that can be used for greater obfuscation.

You certainly can have mixed XCP (or any asset) end up in different addresses by placing multiple orders on the exchange simultaneously.


I place an order, I want to exchange 20 XCP for 20 XCP.  Somebody else comes along and matches the order.  Their 20 XCP go to me, my 20 XCP go to them.  Unless I am able to redirect the resultant 20 XCP to a 2nd address instead of my original address?  In other words, can there be a third party involved in an exchange transaction?  (Even if there were, it would be pretty transparent.... the redirect address / third party would be directly linked to the first party, as the third party would receive the proceeds from the exchange rather than the first party.)

Quote
Also, it works between more than two parties because the network matches partial orders too. So, for example, you can place an order of 100XCP for 100XCP and you can place another order from a different address of 50XCP for 50XCP. You get the 50XCP match (swap) and other users can match the rest of the 100XCP order. In this simple example you have mixed the coins a little bit with yourself (your pseudonyms) and a little bit with others. This all comes with the plausible deniabliity of the trades verifiably having gone through the decentralized exchange. You have now broken any chain of deanonymized transactions at that address. Feel free to simply send the balance to any arbitrary address of your choice at that stage to start from a clean slate.

Best practice must now be established for mixing within Counterparty.

But each one of the trades will be shown atomically on the blockchain, right?  So the partial match, 50XCP from you to somebody else, and 50XCP from them to you.  The 50XCP from the original 100XCP order still remain outstanding, but there's no disguising the 50XCP that are actually exchanged.  It doesn't happen like a multisig situation where all of the matching orders (totaling 100XCP) go through in one large transaction, right?
member
Activity: 118
Merit: 10
A difference which makes a difference
Apparently, we have darksend before darkcoin, we just did not turn it on.

Coin Mixing within Counterparty

Well, it's not quite darksend (because as far as I can tell, your sending address ends up with the same amount of XCP that it put in; you can't have the mixed XCP end up in an arbitrary address, right?); but it is decentralized, trustless coinmixing.  Although it only works between two parties, right?  And they both have to contribute the same amount, and they both receive the same amount.... So it's not a huge win for anonymity/privacy, although it is a tool that can be used for greater obfuscation.

You certainly can have mixed XCP (or any asset) end up in different addresses by placing multiple orders on the exchange simultaneously. Also, it works between more than two parties because the network matches partial orders too. So, for example, you can place an order of 100XCP for 100XCP and you can place another order from a different address of 50XCP for 50XCP. You get the 50XCP match (swap) and other users can match the rest of the 100XCP order. In this simple example you have mixed the coins a little bit with yourself (your pseudonyms) and a little bit with others. This all comes with the plausible deniabliity of the trades verifiably having gone through the decentralized exchange. You have now broken any chain of deanonymized transactions at that address. Feel free to simply send the balance to any arbitrary address of your choice at that stage to start from a clean slate.

Best practice must now be established for mixing within Counterparty.
hero member
Activity: 700
Merit: 500
Apparently, we have darksend before darkcoin, we just did not turn it on.

Coin Mixing within Counterparty

Well, it's not quite darksend (because as far as I can tell, your sending address ends up with the same amount of XCP that it put in; you can't have the mixed XCP end up in an arbitrary address, right?); but it is decentralized, trustless coinmixing.  Although it only works between two parties, right?  And they both have to contribute the same amount, and they both receive the same amount.... So it's not a huge win for anonymity/privacy, although it is a tool that can be used for greater obfuscation.
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
Apparently, we have darksend before darkcoin, we just did not turn it on.

Coin Mixing within Counterparty
sr. member
Activity: 390
Merit: 254
Counterparty Developer
Delighted to announce that SyRenity will be running our Israel Meetup group.

Who else wants to step-up and provide leadership in their local city?

You'll position yourself as the "go-to" person in your area for Counterparty, and make some great connections over a few drinks.

Please PM me.

I'd also like to note that Evan, Adam and I (and anyone else from the Counterparty team) would be more than happy to Skype in for any of these meetups. As Niki stated, getting these meetups going is a big priority for us, and we can offer whatever support people need.
newbie
Activity: 39
Merit: 0
Delighted to announce that SyRenity will be running our Israel Meetup group.

Who else wants to step-up and provide leadership in their local city?

You'll position yourself as the "go-to" person in your area for Counterparty, and make some great connections over a few drinks.

Please PM me.
newbie
Activity: 39
Merit: 0
Guys,

We're urgently looking for people to run Counterparty meetup groups in towns and cities all over the world. So far, we have two groups that are just starting up (London, and Silicon Valley) but we'd like at least ten times as many.

Ethereum, for example, have 35 meetup groups running. The founders and I need your help to bridge this gap.

These groups (and associated hackathons) are a central part of our strategy for getting people involved with Counterparty, and getting innovative new projects developing on the platform.  

https://forums.counterparty.co/index.php/topic,361.msg2461/topicseen.html#msg2461

Want to put yourself at the heart of the Counterparty movement in your local area?

Please PM me, or respond in the thread above.

Niki
legendary
Activity: 1588
Merit: 1000
Be a part of history! Bet on the first sport event using 2.0 platform (XCP).
Bet on the Champions League Final:
http://test.countersports.com/index.php/match/0000000308/Real%20Madrid%20vs%20Atl.%20Madrid%20at%202014-05-24%2018:40:00
Use testnet XCP for free!
PM us your XCP testnet address and get some free testnet XCP to bet.


Make sure you have the NBA Finals... I would be betting.
full member
Activity: 192
Merit: 100
I want to do Proof of Burn and trade my XCP for PHC! Any takers? I'll create a thread for this..  I am looking to buy PHC for my XCP once it launches tonight. I'll sell 5 XCP for your offer of PHC... let me know!
sure i will sell you PHC for XCP  Cheesy

Alright, I created a thread see that post, made my edit with the link: https://bitcointalksearch.org/topic/wts-counterparty-xcp-for-your-phcoin-phc-626148
Too bad I cannot be online when PHC launch takes place, so I want to reserve if people want to make some quick trades for it.
lol 5 xcp - go away with your spam please.  Angry



How much you want to trade for??  I have more than that, but I am open to doing larger trades for this coin.

We can use an escrow service also
legendary
Activity: 882
Merit: 1002
I want to do Proof of Burn and trade my XCP for PHC! Any takers? I'll create a thread for this..  I am looking to buy PHC for my XCP once it launches tonight. I'll sell 5 XCP for your offer of PHC... let me know!
sure i will sell you PHC for XCP  Cheesy

Alright, I created a thread see that post, made my edit with the link: https://bitcointalksearch.org/topic/wts-counterparty-xcp-for-your-phcoin-phc-626148
Too bad I cannot be online when PHC launch takes place, so I want to reserve if people want to make some quick trades for it.
lol 5 xcp - go away with your spam please.  Angry

full member
Activity: 192
Merit: 100
I want to do Proof of Burn and trade my XCP for PHC! Any takers? I'll create a thread for this..  I am looking to buy PHC for my XCP once it launches tonight. I'll sell 5 XCP for your offer of PHC... let me know!
sure i will sell you PHC for XCP  Cheesy

Alright, I created a thread see that post, made my edit with the link: https://bitcointalksearch.org/topic/wts-counterparty-xcp-for-your-phcoin-phc-626148
Too bad I cannot be online when PHC launch takes place, so I want to reserve if people want to make some quick trades for it.
legendary
Activity: 882
Merit: 1002
I want to do Proof of Burn and trade my XCP for PHC! Any takers? I'll create a thread for this..  I am looking to buy PHC for my XCP once it launches tonight. I'll sell 5 XCP for your offer of PHC... let me know!
sure i will sell you PHC for XCP  Cheesy
full member
Activity: 192
Merit: 100
I want to do Proof of Burn and trade my XCP for PHC! Any takers?
I am looking to buy PHC for my XCP once it launches tonight. I'll sell 5 XCP for your offer of PHC...

 Edit: I cannot mine PHC today, so I want to offer some of my XCP for it.. I started the trading thread here: https://bitcointalk.org/index.php?topic=626148.new#new
newbie
Activity: 31
Merit: 0
Lol, my bets on mastercoin nabbing overstock

We should increase the intensity of mining
We will have a beautiful tomorrow
Come on
newbie
Activity: 39
Merit: 0
This is an article about what seems to be fraudulent trading during the MT gOX days that may have been the real cause for BTC to go over $1000 at the time.

http://www.cryptocoinsnews.com/news/report-mtgox-fraud-led-to-1200-bitcoin-price/2014/05/25

It ends with an important paragraph that should be made part of our marketing message.

Can We Trust Centralized Exchanges?

This is not the first time that claims of fake trading data have been thrown at a Bitcoin exchange, but this possible fraud by MtGox would definitely have had an extremely large impact on the bitcoin price over the course of 2013. The impact could have been large enough to be the very basis for the boom, bust, consolidation, and repeat cycle that so many bitcoiners have come to know and understand over the years. BTC China CEO Bobby Lee has taken shots at other Chinese Bitcoin exchanges for possibly faking trading data, which points to the need for honest, transparent exchanges more than ever. After all, how is anyone supposed to know the real price of bitcoin if the data being used to create that price is completely fabricated?

I posted this to our Social Media Alerts thread. This is definitely a key message that we need to communicate.
sr. member
Activity: 602
Merit: 252
A user friend wallet is very important, that is why DRK price pumps. If XCP have a user friend wallet, that will let ordinary people use this platform.
full member
Activity: 210
Merit: 100
This is an article about what seems to be fraudulent trading during the MT gOX days that may have been the real cause for BTC to go over $1000 at the time.

http://www.cryptocoinsnews.com/news/report-mtgox-fraud-led-to-1200-bitcoin-price/2014/05/25

It ends with an important paragraph that should be made part of our marketing message.

Can We Trust Centralized Exchanges?

This is not the first time that claims of fake trading data have been thrown at a Bitcoin exchange, but this possible fraud by MtGox would definitely have had an extremely large impact on the bitcoin price over the course of 2013. The impact could have been large enough to be the very basis for the boom, bust, consolidation, and repeat cycle that so many bitcoiners have come to know and understand over the years. BTC China CEO Bobby Lee has taken shots at other Chinese Bitcoin exchanges for possibly faking trading data, which points to the need for honest, transparent exchanges more than ever. After all, how is anyone supposed to know the real price of bitcoin if the data being used to create that price is completely fabricated?
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