Topic: BTCD is no more - page 359. (Read 1328490 times)

I had a fragmented day with trying to get a second server stable. some strange things going on, anyway still ongoing and I hate to have an unproductive day, so I finished up the ciphers encrypting/decrypting of files. I now have debugged the ability to nest any of the 18 ciphers, in any order, to any depth (literally limited by memory) and these ciphers will use the privkeys for the addresses you specify.

"ciphers":[{"skipjack":"RUHAPSpJDHeFgFd1J34WHJ69TpkMBsWtBt"},{"aes":"RUFrkuGAUuv8wsoiNwCvXenjxAfAgsTdAt"},{"aes":"RVHigwQquJR9cA6R6M143H6ZiPep7S9Udt"}]

so something like the above will apply skipjack, then aes and another aes. Without knowing which addresses were used to encrypt seems pretty safe from being cracked. with a possible 18 different ciphers and N levels deep, there is 18 ^ Nth possible cipher sequences, and each one linked to some address. Even if the attacker got a hold of your wallet and knows all the possible addresses you used, toss in another dimension of to multiply the 18 ^ Nth power.

So this is probably way overkill and the default aes using your pubaddr is probably just fine for most people most of the time. Again all this info is only protected by your wallet password, so make sure to make it strong and have good backups.

Now I have brute force verified functions:

uint8_t *save_encrypted(char *fname,struct coin_info *cp,uint8_t *data,int32_t *lenp);
uint8_t *load_encrypted(int32_t *lenp,char *fname,struct coin_info *cp);

So I still have to actually use these to save and load telepods, but those are all in one nice place and it shouldnt take so long. Cross off one of the things left on the todo list. Now the extra layer of onion routing and randomly picking a peer to bounce M of N fragments is about the last "big" thing left and that is pretty much just using the existing tools that are already working.

So, now that I made some tangible progress, back to battling painful build issues. It seems there is some system dependency in my code so it works on my Mac and my server, but having a hard time on a different older version of Ubuntu. Have a debug setup so painful it might be, I have to slog through it. Now that I dont have to deal with fees for other coins, that saves some days of dealing with changepods and the big potential for contamination. It is possible to solve, just messy and time consuming, so I am glad it can be skipped for a while

James

Well I'm sure it does create some obfuscation when exchange of funds and bitcoins are done within exchange. Althou it is totally centralized and there are real risks of thefts (gox?) and information leaks.

What I'm saying is that we can't really see what each player are doing inside exchange from blockchain point of view. Teleport however utilizes decentralized exchange (instadex) that hides transactions between sender and receiver. When comparing to centralized exchange outsiders can't even see that company has sent or received bitcoins from exchange. They can only see balance increasing or decreasing.

Can someone correct if I misunderstood something.

edit: James was faster again

I think closer to 7500

does coinbase use the bitcoin blockchain?
if so, over time a statistical correlation between wiley ltd's big expenditures and big payments on the blockchain will be correlated. Remember the bitcoin address space is actively being deanonymized and so it is just a matter of time before it is all like having your name attached to a bitcoin address.

Also, how much do you estimate it would cost to bribe a coinbase employee to divulge acct info? If not money, other means can be used to get this data. It is a centralization point that wiley ltd does not control at all.

Any company like coinbase is also subject to arbitrary govt search and seizure, but if all this is acceptable to wiley coyote ltd, then he doesnt have to use teleporting, which will cost him a whopping, nothing for the first year.

James

What's the current rough estimate to mine 1 BTCD / day? Is it still around ~5000? I guess it fluctuates depending on the net.

well, i would guess the question applies to any off blockchain intermediary. wiley coyote biodev ltd wants to use 50000 btc on a nanotech push lasting 3 months and doesn't want elmer fudd labs to see the r&d expenditures, plankton wafer purchases, etc.  If it all moves through a couple coinbase wallets, how do outside eyes see it?

Don't those companies just do btc -> fiat though?

what if you want btcd->btcd? (or crypto->crypto in general)

I have noticed that BTCD wallet is consuming a lot of bandwidth, I'm using more that a gig a day way more than any other wallet I'm running or have run.......is this normal?

Jon

I was discussing the teleporting with someone and their point was that for a large corporation, doing payments through an off-blockchain intermediary like coinbase or bitpay essentially performs the same obfuscating function as teleporting. To what extent is this argument flawed?

I have been thinking about why this coin and thread are fairly fud-free so far, and realized that one must expend a meaningful amount of brainpower to understand teleporting and the associated ideas. And it's like Mark Twain said, thinking is hard work, that's why so few people do it.

On another note I think announcing on the bitcoin thread was a little premature

I understand the excitement of creating something new and wonderful

the BTC crowd don't want to be told about anything......They need to find it for themselves

I think your cooking now......so many "anon coins" everybody is getting tired of new this one is better argument.

Anon network free for trial period that's gotta get a lot of attention ....... even from the BTC crowd that dismiss all other coins

Build it and they will come

You know that 4) Darkpaper is 35 pages long technical paper? I'm sure it will satisfy all your information needs about teleport

If you think that is cool try this.

I recently moved servers and created a new wallet with 12 addresses. Then I sent 2% of my coins from wallet 1 to wallet 12 then over again. Now I have lots of micro stakes all the time lol .

Holy crap.  Woke up this morning to discover that I had 'mined' ~0.0175BTCD after turning stake mechanism on my local bitcoindark-qt wallet on.  I'm seriously starting to fall in love with this alt!  Keep up the good work

Thank you for all the answers especially to jl777 intersting view.


@Azeh:

I know not much about BitcoinDark. The things I know I don't like. You may see them as more marginal points: The Name, sha256, the 2 week pow, the pos all this specs  things and there was talk abnout a premine where i haven't figured out how much it was.  It's a bit a personal taste but so I never cared to look deeper into it. I observe the markets and if I see something interesting like this price stability THAN this wakes me for a coin. I don't have to like a coin to invest in it. If a coin is fundamental good i will do. But thats what i am trying to  figure out now you see.

So thank's for the links. Some of them I have already read a bit. My head is full of pirates of the caribians...
Is there a more technical paper too?

How much do people pay to use Gmail, Facebook, Twitter and Google search?  Nothing

These companies get a huge user base then work out ways to earn income. By the time users get charged some form of minimal fee, they are so used to using it that they don't change. And the product is so good, they are happy to pay a small fee or look at advertisements.

You want to hold BTCD because of the current and future income earning opportunities.

LOL wrong thread dude. Nobody from BTCD is coming into ARCoin's thread. Says a lot!

Wow, using PoS with 5% staking and if you use the Tor network (that exists for anybody to use and for govts to infiltrate) you get this fantastic thing called anonymity. And you guys are willing to conquer wall street!  Why didnt I think of this? Would have saved me so much time

I think you are lost. Maybe you need to go to some other thread? I am laughing so hard now, it is distracting

James

I aim for 100,000 pockets
with so few BTCD, the supply/demand will create artificial shortage and I dont want to have such things distort the price. Short term it will look fine, but look at AUR. prime example of artificial shortage. I think ~10,000 coins were traded back and forth all the way to > 0.1 BTC. It has lost 99.9%+ of its price. Now of course AUR is no BTCD, but whenever there is an overpricing, that means some people are benefiting (sellers) and others are overpaying (buyers), so you cannot have an overpricing without creating a group of people who will have a hard time to not get a negative experience with BTCD.

That is not good. The price should always be as close to its actual value as possible and artificial shortage by its nature is changing the available supply. It is part of the coin, so some could say it is "natural", but it helps to think about such things using extreme endpoints. What if the deposit required was 1000 BTCD? See, that is such a big amount that it will severely limit the people that could use Teleport, which goes against the entire point.

So, I want the price to be so low that thousands of people wont even bother to think about it, maybe they just get 254 so they can have the option of M of 254. So even with 1 BTCD as the minimum, the premium deposits are still possible, but for most people most of the time, 1 BTCD is all that is required.

Once we get to 100,000 teleporters, the deposit would need to be reduced to 0.1 BTCD. Will this create an avalanche of people selling 0.9 BTCD? I think no.

James