Topic: BTCD is no more - page 422. (Read 1328490 times)

God damn pump and dumpers on bittrex and cryptsy.  the sooner they leave this coin alone to naturally rise the better.

If I had any more BTC left to put into BTCD I would put up buy walls, but I'm afraid I don't.

Can't wait to receive some telepods! The whole idea is very catchy, if you ask me. 

You say this idea "flashed"......  I'd really like to know what leads up to these flashes you have; I assume this isn't a super rare occasion for you.  Can you delve into the way in which you receive this intelligent energy at all?  It's interesting to me because many brilliant minds have explained such instances in the same way.

tbh it sounds a bit too simple but i think people get the basic idea l0l

I see the wall that's been chillin @ 100k is now gone too.  Wonder if that 26btc wall @ 135k is the same person?  It's 40 btc to get to 100k now  

I seem to have many quite a few people some significant money and there seem to be some of them that closely follow my posts.

I need some feedback on usability, since I am very weak in that area.

I want to use some familiar metaphor, so I chose the transporter from Star Trek

You would need to make a label in your wallet (Receive coins -> New address -> label) and call it "transporter"
This will be the source of funds if you dont have already teleported coins.

So to Teleport to someone else, you need to have enough funds in the "transporter". You can send funds here using any means, it is normal space. Though if you funded it via withdraw from an exchange, that is one additional barrier for attacker to deanonymize.

When you Teleport to someone else, they will receive a telepod with the funds, but this wont be visible in the wallet without rescanning and that takes forever and we cant be doing that for each telepod, so I am making API that the GUI can call to display the amount you have in telepods. Also, you dont want to accidentally spending any telepods using normal wallet send as that will contaminate hyperspace and lead to spacetime continuum discontinuities, and we certainly dont want that!

The software will automatically deal with things, so you just need to make sure the transporter has enough funds to begin with. I am sure even creating this label can be automated by GUI, but for now I think its best for people to make this themselves so they can be sure to fund the transporter

Is that OK? Too complicated?

James

Seriously lol. Remove that 25btc wall a little lower, so we can get cheaper coins damn it.

Crazy how the btcd price started moving immediately after James posted about his "significant breakthrough".......  You can really move the needle James!  I was hoping for a few more of my cheaper orders to execute....  Can't complain about a bump in price though, either.  Cool stuff, I'm excited to hear more....

Peace

[Back to techtalk mode]
Currently MGW is limited to 64 coins and I have to make any changes manually and since I am lazy for stuff like that I changed all the coin handling code so there are no limits and any coin can be added to the .conf file
Of course not all coins can be teleported, but I will minimize the number of functions their RPC API needs to support, so if they pass the test of these functions, they can be teleported
Actually I think I will make it so that a special tradebot can be created to deal with nonstandard coins!

James

Teleport to be integrated into the core of BTCD and BTCD will be able to be Teleported without anything more than normal tx fees. I will try to eliminate any NXT dependencies from the core Teleport feature, but for things like Privatebet and InstantDEX, NXT will of course be needed.

Now, I am sure the following will generate complaints from some people as being too "complicated", I believe privacy is something that everybody should have, so I do not want to limit the Teleport to BTCD. This tech is under the NXTprivacy charter so, that asset will get a 0.1% fee for Teleporting BTC, NXT, etc. In that sense it will be coin-agnostic. The list of coins that can be supported will be quite large, but each will need testing by community. Just adding lines to the jl777.conf file will be enough to be able to test a new coin. I will make sure BTC and NXT teleporting will work.

Most anon coins try to replace bitcoin, but that is not realistic. So, BTCD will help turn BTC itself dark!
and NXTprivacy gets a small percentage for its troubles and similar to InstantDEX revenue sharing, NXTprivacy will share revenues with BTCD stakers

I think of way to explain the side effects of Teleport.
The initial transition into "hyperspace" and transition out of hyperspace needs special care, but that will all be automated. Each teleport transfer within hyperspace will be much simpler and this will work out very well for Privatebet

I try to make it simple, but I am not smart enough to make this simple, since the problem I am solving is quite a bit larger than a single feature. It is privacy weaved into an entire system of trading and betting, etc. Plus to be practical and compatible with the current day reality of BTC dominance.

So, I think the community can start to plan nice marketing with this

James

Just checked, NXT is used for account authentication, so while it wont be involved in the actual Teleport, it is needed to make sure somebody else cant spoof you

Best of luck and happy coding! Your excitement is contagious

Would Teleport be bound up by NXT/BCTD somehow, or would it be coin-agnostic?

I visited MIT once and there were guys MUCH smarter than me. In an instant they solve what I struggle for many hours. So, I realized that in order to succeed I had to work hard, since there are always these really smart guys out there.

Anyway, I couldnt sleep last night after this idea flashed.
Fully decentralized, no blockchain bloat, no record on the blockchain but protected by blockchain, no long delays

Yes, it sounds like magic, but I call it Teleport

Still thinking whether to allow arbitrary denominations, there is some chance for real world intel gathering to make some correlations, but with proper automated precautions I think this is not such an issue.
http://people.csail.mit.edu/spillai/data/papers/bitcoin-transaction-graph-analysis.pdf shows the type of extent an attacker will go to deanonymize and since the data is (usually) on the blockchain forever, any small leak of info can come back to haunt you.

Now it will most likely take longer than 2 weeks to get a GUI to properly display things, but the fundamental Teleport of funds should be in testing in about two weeks, say mid August.

I think that there will be several levels of privacy that users can select, but even the most basic level will have significant advantages over other solutions. Now keep in mind that with any anon tech, if the person you are sending to is careless/malicious, then information about you is leaked. Using privacyServer can make even the person you send to not aware of who you are, but then maybe that is too private?

I have an idea using tradebots to allow for safe transition back to normal space. Of course, if you purchase something and give them your identity, then all this privacy is lost, but this is up to each user to use basic common sense.

Anyway, all these other issues are relatively minor compared to core Teleport
When the funds are Teleported, they are of a slightly new form and you can continue to Teleport it to others without any additional step, but if you want it back to normal space, then I think best to use special tradebot for this.

I hope this post not too technical.

James

Guys that are smarter than you?

Impossible!

I am excited about the breakthrough keep working your magic man.

forum will be done anyway, but there are some priorities that have to be done faster

Both bounties look like great ideas on bitcoindark.net


Looks like someone really wants to buy 25 BTC worth of BitcoinDark on Bittrex right now.

OK, I have confirmation I didnt miss anything obvious and thus I hope to get this working in about two weeks. Due to magnitude of this, maybe tradebots go on hold for a bit.

It will be fully decentralized, meaning every node will be able to directly do this and obtain what I call business level privacy. The privacyServers would enhance the privacy level to where only people that can compromise the privacyServer can reduce the privacy level back to business level. In other words, still very good.

James

P.S. I even have a great name for this feature

I cannot be sure yet, but I think I made a significant breakthrough.
Need about two weeks
More as I get confirmation from some guys that are smarter than me

James

P.S. This is not about any trading, but about core feature

I'm sure you would understand that releasing timelines for totally new projects (no copypasterino) are hard or near impossible to do. Those schedules are only for pumping purposes IMO.

Features are released when they are done

@everyone that send donations for the anon cards development please send me a PM after so we can keep records of who donated, thank you for the donations we already have 1100 BTCD

This is exactly the issue I posted about two days ago. Unfortunately my post was deleted. So I deleted the rest of my posts. I stated that a feature release or updated schedule was needed more than confusing posts. I took this as a bad sign.

thanks!