Author

Topic: Bitcoin & Fungibility, The relevance Of anon tech (Read 492 times)

newbie
Activity: 47
Merit: 0
https://i.imgur.com/4fsaswc.png



Hello everybody,

It’s good to see you all so actively supporting Shadow and staying positive as we work towards the release of our decentralized market. As some of you may have noticed, we’ve been a bit quiet on these forums lately when it comes to actively reaching out to all of you with development updates. This doesn’t mean we’ve been sitting still though, because we have a fun week ahead of us. We'll come back to that later.

First of all we are very happy to announce that both Tecnovert and I will be working full-time on Shadow from now on! We're setting our main jobs aside for the upcoming months so that we can really focus on the job at hand. This will obviously result in quicker progress when it comes to releasing new features. Going forward we are also going to post a lot more in terms of development reports. Our team has been working with Shadow community members who are setting up a new website with a development blog to keep you all up to date. So expect regular updates from now on - this one being the first.

The weeks ahead of us are all about ShadowMarket so we are pleased to announce that we have started integrating it into Shadowcore’s back end. We're currently switching from scrypt to SHA-256 so that staking requires less cpu cycles, updating to PoS v2 to improve network stability and working on BIP32 and BIP44 support so that we can support hierarchical / tree categories for the market. Once we are finished with these enhancements, things should start moving significantly faster. We will be making radical changes to the Secure Messaging (ShadowChat), to support Pub/Sub messages, so that people could subscribe to certain categories for the market, where we will then move towards our first round of public alpha/beta testing. We’ve noticed there are lots of questions about how ShadowMarket will work so we have begun gathering them and will answer them in an overview later this week. So much about the upcoming Shadowmarket for now.

We are all still waiting for Isidor Zeuner’s review of our ShadowSend anonymity system in comparison to other anonymous cryptocurrencies. It is still ongoing and we are currently writing more documentation, which is currently our weakest point. We’ve been in contact with Isidor and are trying to give him a helping hand where needed. Please note that it’s quite a task seeing as he will not only study our system but also compare it to the alternatives out there.

As said earlier, we have a fun week ahead of us. We will try to give more specific details on that later this week.

Thank you all for your support!


By the way, the ShadowCash dev' team and community is now using Slack, you folks better come here for the upcoming annoncements !
https://shadowproject.slack.com/messages/general/team/sdcdev/


legendary
Activity: 1722
Merit: 1217
Bitcoin will not be dominant as it could be because its not fungible.

Zerocash is the most important development that is going on in the bitcoin space.

I see the possibility in the meanwhile for anonymous coins such as monero, darkcoin and others creep up in value due to bitcoins lack of fungibility.

And no, stealth addresses and  coin mixing does not remove the coins transaction history.


Zerocash release date in around 6 months to 2 years in my opinion.


Nothing is perfectly fungable. Even with gold laboratory analysis can be done on the atoms to give clues about its origin. With cash anyone who wants can put a tiny little mark somewhere that only they could recognize. Its not a binary sort of question of fungable vs not. The question is whether it is fungable enough. Cryptonote, i believe, is. Suppose you stole some monero and everyone knew that transactions x y and z were stolen property. Mix those coins 6 times with 6 peoples each time and you will end up with thousands of tainted addresses. An exchange cant deny thousands of people because one is a criminal.
hero member
Activity: 826
Merit: 500
Zerocash is abject garbage. No matter how they set it up, you'll have to trust the developers to destroy a key that would otherwise allow for the creation of infinite coins. DOA even if turns out not to be vaporware.
hero member
Activity: 672
Merit: 500
lol zerocash doesnt even exist

similarly catcash doesnt exist but i think it is most anonymous
hero member
Activity: 644
Merit: 500
P2P The Planet!
Bitcoin will not be dominant as it could be because its not fungible.

Zerocash is the most important development that is going on in the bitcoin space.

I see the possibility in the meanwhile for anonymous coins such as monero, darkcoin and others creep up in value due to bitcoins lack of fungibility.

And no, stealth addresses and  coin mixing does not remove the coins transaction history.


Zerocash release date in around 6 months to 2 years in my opinion.




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