If you guys, read my last posts and try to understand my allegations, you will see that I'm not here to troll but to help Anoncoin for the long run. I don't care about PumpnDump.
The greatest paradox is that you all want an anonymous currency because you don't trust the current banking system but at the same time you give your complete trust in Gnosis.
The RSA-UFO is a nonsense and I will explain you why in two different kind of views.
1) In simple words, the RSA problem is the possibility of reversing the encryption function. Source:
http://en.wikipedia.org/wiki/RSA_problemTo make things more difficult, Gnosis removed the small factors with the RSA-UFO project to increase the probability to have two large prime numbers but all is based on probabilities and actual computational capabilities. It will be just a question of time to someone break these 13 RSA UFOs and generate infinite ANC. Source:
https://wiki.anoncoin.net/RSA_UFOI know Gnosis alleged that he will generate long RSA-UFOs to avoid this problem but the computational capabilities evolve very fast and we can't create a strong system based on
probabilities and
assumptions.
2) Ok, now I consider that you trust the RSA encryption and you believe it would take decades to break. But what if Gnosis genereate these 13 RSA-UFOs by himself to know the two prime factors P and Q?
There is no way to setup the accumulators without trusting someone (in our case Gnosis). Gnosis can tell us he will use the trustless RSA-UFO system to generate the 13 RSA-UFOs but we can't be sure that he will really use it. If he generate them by himself, he will be able to create infinite ANC from nothing. I don't think it's necessary to explain the consequences of such an event.
Even if you trust in the good faith of Gnosis, there is an high risk to let an inexperienced person do this work. If there is any mistake or if he don't destroy correctly and physically all datas about this generation, someone could use it against ANC in the future and totally discredit or destroy ANC.
In conclusion, the implementation of zerocoin is doomed to failure because of the problems I described.
For a strong future, ANC have much more to improve than implement Zerocoin like I said in my last post:
https://bitcointalksearch.org/topic/official-anoncoin-chat-thread-including-history-227287Now, if the only things sheep care is the PumpnDump to make dollars, then good luck and be fast because when people will realize, the dump will be hard.
EDIT: @ WDL: Yes I'm concerned to the ANC project because I hold still a big quantity of ANC.
RSA_UFO ... the zk_Snark parameters require trust from the users... that's why gnosis tries to implement the trustless parameter gen ... with rsa ufos ... which can be generated in a trustless manner. So it would be just as hard to generate the private key for the issuer.
You don't address the problem of RSA UFOs correctly... there are issues with it but you don't mention the real issues in detail.
I'm sorry but what you are saying is just not entirely true
