Topic: BTCD is no more - page 358. (Read 1328490 times)

Updated OP with much more information regarding BTCD features!

If anyone sees any issues please let me know so I can make the appropriate changes.

Thanks!

**edited to reflect latest changes





Development of features are now well underway( https://github.com/jl777/libjl777) by the core BTCD developer jl777 (James) and will include the following:

*Teleport Technology
*BTCD Core included NXT features (MGW, Asset Exchange, InstantDEX, Privatebet)
*Collaborative Cryptocurrency Supernetwork
*Turing Complete Scripting in C
*Dividends in BTC for BTCD Holders
*Anonymous BTCD Debit Cards for Fiat Withdrawal

For more information about each feature, please continue reading below
 

Anonymous teleporting of funds occurs off the blockchain but is verified using the blockchain - utilizing the benefits of a public record without leaking any personal information. BitcoinDark uses an implementation of the Teleport idea to enable trustless private transactions; teleport transmits funds via telepods by transporters. All information needed to spend funds is included in the telepod and sent via the encrypted network to the destination - the telepods are then cloned and passed around to ensure that commerce can be conducted in private.

The above is made possible because all BTCD nodes automatically become a privacyServer: the optimal decentralized solution to the problem of information leakage. The privacyServer sends the encrypted data to the destination - bouncing between jump servers making it impossible to track. This unique system makes BTCD a secure option for private and corporate use.

**Teleport has received attention from Ivy league Mathematics Professor (mthcl) who wrote the math behind the NXT paper http://www.docdroid.net/ecmz/forging0-5-2.pdf.html


For Technical Aspects of Teleport Please Read the Darkpaper: http://www.flipgorilla.com/p/23023990364728535/show#/23023990364728535/0


Planned NXT features will be implemented into the core of BTCD.  BTCD will be an entire platform,  and act as a cryptocurrency supernetwork and the following NXT features will be integrated:

MultiGateway

Multigateway (MGW) is a third party service developed on top of the NXT network that allows you to move cryptocurrencies in and out of the NXT Asset Exchange,the peer-to-peer exchange that offers decentralized trading with no trading fees.

Asset Exchange

Asset Exchange is a decentralized marketplace. It is where any any asset, digital or physical, can be traded peer to peer without the need for a centralized third party. The Asset Exchange concept is often generally referred to as Coloured Coins in the cryptocurrency world.

InstantDEX

The goal of InstantDEX is to provide a fully decentralized peer-to-peer realtime trustless trading environment.  InstantDEX will allow for trading of any NXT asset, BTCD, bitcoind-crypto against each other.

Privatebet

Privatebet will allow people to make bets directly with each other in a decentralized way. It will let people create their own personal bet with a designated arbiter in addition to automatically supporting a range of standard events with betting interest, like sports betting. Privatebet will only accept crypto and no personal information will be required from its customers.  In addition, when combined with BTCD Teleport Privacy Tech, personal bets and transactions will remain completely private.


If Ethereum has been labeled the destroyer of Bitcoin and Altcoins, then Bitcoindark will be labeled as the savior.

The BTCD team is building the infrastructure to support other coins.  This isn't vaporware or empty promises, anyone can check the code for themselves and see that progress is being made daily.  

The network will give coin developers access to all of BitcoinDark's cutting edge tools such as the being able to trade on decentralized exchange InstantDEX, run tradebots for their coin, auto convert bridges to get their coin accepted anywhere BTC is accepted, and earn dividends from InstantDEX.


BitcoinDark is a cryptocurrency with a Turing complete scripting that has the largest base of developers. As the tradebot is coded in C, millions of programmers know the tradebot language and can easily utilize this tool.

Consequently, this allows cryptocurrency developers and enthusiasts to write node specific tradebots, encrypted communications, access to website APIs and any coin's RPC interface.


BitcoinDark will be the first cryptocurrency to pay regular dividends in a form other than itself, in a game-changing new development that will shift the way investors view different currencies.

A percentage of revenues generated from InstantDEX and Teleport fees will be paid to BTCD holders. Payments can be made in any currency or asset, to the associated address in the BTCD wallet’s built-in asset exchange.

BitcoinDark is the only cryptocurrency that will reward holders with income denominated in Bitcoin.


Crypto ⇒ Cash! An Anon Card is similar to a traditional pre-paid debit MasterCard but will allow BitcoinDark users the ability to anonymously transfer BTCD to fiat.

Anon cards will enable users to bridge the divide between Crypto and the Traditional Banking system. What this means is that you will be able to load your Anon card with BTCD and convert to fiat to make purchases or withdrawals.

However, Anon cards allow users to keep personal information private. Traditional debit cards are directly linked to users through personal information that is required in order to receive them, but with Anon Cards, no personal information is required to receive a card so your personal information will remain private, and your use of the card anonymous.

IMO, mine BTC and trade at bittrex.com for BTCD now

Welcome on board! 

I also implement bitmessage like broadcasting, but it doesnt mean it is bitmessage network
I actually didnt know the details of bitmessage and independently came up with the same idea. I guess I need to do more research

Been reading up in this thread about this coin and i think this is solid stuff.
Pointed 2TH towards the xpool and are considering adding another 4TH.
Only downside seems to be i missed the release

ah, good. I read this and thought teleport is using it. "Independently I will progress on finalizing the onion routing"

Teleport does not use the Tor network
I wrote my own custom network

Will that be safe for teleport?

We all know it is monitored. Anybody that uses it gets added scrutiny

I think TOR is monitored

Solved the pesky build issue!

Now we can resume adding features to the integrated BTCD/libjl777 and continue with windows and mac QT builds. Independently I will progress on finalizing the onion routing, network stuff and of course getting teleport 100% solid
the really good news about the deposit plan is that BTC teleport is almost ready for testing

James

OK, I will ask a friend to help me install it on a rpi and let you know, but, I am not sure when. Probably within this week.

no

there are a few rogue nodes that somehow got a hold of a test version that had debug packet sending and this is probably causing higher load
so if anybody downloaded from the dev repository, that is bad version, please get new one or just run the official release

thanks

Do you own a rpi ?

not sure the specs, probably needs something a bit more powerful after my enhancements
for the current version it might fit, not sure
only way to know for sure is to try it

James, is it possible to run the wallet on a raspberry pi for staking?
I am not a linux guy, so, if it's possible I don't know how to do it.

If it's possible, this will run on 5 watts.

No, it is not.

maybe in next release devs can add traffic monitor
https://github.com/dogecoin/dogecoin/blob/master/src/qt/trafficgraphwidget.cpp

Actually there is a lot of difficulty to even know who controls a telepod. Of course when it is first created, the creator is known. Unless it is created by withdrawing directly from an offshore exchange or mixing service. Let us assume it is known that you created a telepod.

Now, especially in a big company where trusted teleports can be used, what division has the telepod after a week and ZERO cloning events on the blockchain? The finance division funds the telepods using the publicly known address. Now telepods scatter internally throughout the company (not using instantDEX, just using the privacy servers built into BTCD core). Or is it all in the control of the super secret R+D group, or was it used to pay a vendor who trusts the company, at least until the end of the month when they tally up the accounts receivable, or did the CFO lose it all in a poker game?

There is really no way to know where telepods transfered via trusted teleports are and even the normal teleports that are cloned, who did the cloning? In fact, which cloning is linked to wiley coyote's original set of telepods? Assuming there are hundreds of other companies/people teleporting at the same time, it all gets mixed up and being a company they can take a week to transfer the amount so one weeks worth of clonings provides the anon set for the company's funds.

No govt agency, no private detective agency, or bribery will be able to trace back the telepods if they cannot even tell who is controlling the telepod! Assuming the telepods were transmitted using M of N multisend, then even an attacker with enormous Internet packet monitoring abilities will just get a close to random noise chance of guessing where the funds were sent.

So, while using human weaknesses like bribery could chip away at the privacy, realistically the amount of effort has gone up by orders of magnitude, you might as well try to mine BTC on your PC. Unlike ring signatures whose anon set is set to around 10 and is already causing large blockchain bloat, Teleport anon set grows as the usage grows. Without limit. If

James

P.S. Oh, and all this privacy will only require some minimal deposit of BTCD that is staking. Not sure what the objection is once the risk of software bugs is eliminated.

Ok James & Mufaza, thanks for the replies : -)