Topic: Official Anoncoin chat thread (including history) - page 130. (Read 530609 times)

Zerocoin mint transactions will be only slightly larger than normal transactions, with about 128 bytes per minted coin.
Zerocoin spend transactions will have a small part that lives in the blockchain, and then about 125 KB that does not get stored in the blockchain.

Using 8 cores on a 2.4GHz Core i7, Zerocoin spends would take about 3 seconds to generate, and 0.5 s to verify. It's not completely out of the question that a modern smartphone with an optimized libzerocoin could do this, with some battery drain.

Minting zerocoins, storing them, and using Anoncoin balances that were previously received from zerocoins could all be handled easily by a mobile app.

I don't think anybody knows a procedure for generating the zk-SNARK parameters in a manner that doesn't require trust from the users. There's no way for an outside party to prove that they destroyed the sensitive data used to generate the parameters; anybody who has access to this data would be able to create unlimited currency units, completely destroying the currency. Worse, it would go undetected until it hits the exchanges and the value plummets. This is why it's so important to have trustless parameter generation!

We have not modified our daemon at all. Anoncoind is allowing us to send theses transactions. We are doing nothing wrong here

There is an issue with the code somewhere as we are not the only ones experiencing the issue

That being said I did merge close to 100k inputs to reduce our tx sizes ( in kb )

Yes! Thanks, bro! It worked like a charm! 

I understand how it will all work from an intellectual standpoint.

With 50x fees I am just worried the Zerocoin solution will not be practical.... Kind of like an fancy private jet that is too much of a luxury to actually use because the fuel costs too much.

Who cares how cool Zerocoin is if the fees are too expensive to actually make practical use of it?

.... TO CLARIFY

Zerocoin and Zerocash
-https://wiki.anoncoin.net/Zerocoin
-https://wiki.anoncoin.net/Zerocash
-https://bitcointalksearch.org/topic/m.2983902 (scroll down a little further to read about Zerocoin)

Everybody asked about how big Transactions are going to be, no real answer has been given yet. Gnosis estimated it would cost more than 50x fees. However, why do you think this needs to be tested first?

Way too much Concerned
Most of you guys are too much concerned whether it might work or find more and more disadvantages. Why don't you invest a little and wait for a while. There is no way for you to find out much more about this tech if you are not a programmer or don't have a simple understanding of it.

What... don't you read btcseller2b's wisdoms?

Can someone respond to this:

http://zerocash-project.org/

"Zerocash improves on an earlier protocol, Zerocoin, developed by some of the same authors, both in functionality (Zerocoin only hides a payment's origin, but not its destination or amount) and in efficiency (Zerocash transactions are less than 1KB and take less than 6ms to verify)."

What will the size of our Zerocoin transactions be?

If the transactions are large and blockchain bloat is an issue, is there a way we can develop a "lite" wallet such as used by Shadowcoin (who is also working on zk-snarks btw). Spending Zerocoins from mobile devices (without a ton of storage space) would be a great feature!

Besides RSA UFO generation (to ensure Zerocoin can be minted in a trust free manner) does Zerocoin have any other advantages over Zerocash?

Yea probably. I own a lot of XMR so I'm kinda hoping its untrue.

its most likely a lie. Ive seen BitcoinExpress (BCX) on multiple threads. All he does is accusations and marketing shit. No proof nor good arguments.
Maybe he wants to buy some cheap monero? Who knows...

Looks like monero might be about to crash and burn

https://bitcointalksearch.org/topic/delete-786201

If true that would leave just DRK and ANC as the only two coins with real anon-tech.

huh?

Well, obviously you used a tool created by someone else for some other specific purpose.

This is unacceptable.

We really need a listing on Bittrex or Mintpal so we can stop trading on Cryptsy. This problem has been occurring for far too long!

What are github commits.  

I was graphing the coin supply vs. time today (for fun  ) and noticed something odd.

I used this description in the wiki to make the graph:

Coin details
Anoncoin was originally a fork of the Litecoin source code. The creation of new coins is by the reward to miners for processing transactions into blocks that are added to the block chain, where mining is performed by proof of work using the scrypt hashing function. A total of 4.2 million coins can be mined into existence, which is 5 times less than the maximum supply of Bitcoin, and transactions are processed, on average, every 3 minutes. The current block reward is 5 ANC, and this will be halved to 2.5 on approximately January 22, 2015. The block reward distribution schedule is the following: 4.2 ANC for blocks until 42,000; 7 ANC until block 77,777; 5 ANC until block 384,377; and then halving of block rewards every 306,600 blocks (which is approximately every two years).

block   coins   block reward
1           4           4.2
42,000   176,400   4.2
77,777   426,839   7
384,377   1,959,839   5
690,977   2,726,339   2.5
997,577   3,109,589   1.25
1,304,177   3,301,214   0.625
1,610,777   3,397,027   0.3125
1,917,377   3,444,933   0.15625
2,223,977   3,468,886   0.078125
2,530,577   3,480,862   0.0390625
2,837,177   3,486,851   0.01953125
3,143,777   3,489,845   0.009765625
3,450,377   3,491,342   0.004882813
3,756,977   3,492,090   0.002441406

As you can see the max supply converges on 3.492 million not 4.2 million.  Where did I go wrong here?



The red dot is where we are currently.

This is actually fairly entertaining.

So, to carry the idea into practical terms, you are saying that engineers who use calculus to solve
problems shouldn't be trusted because they haven't created their owns mathematical tools for solving
engineering problems, right?

btcseller3c brings some valid criticisms though, as in science you need to be able to independently replicate an experiment or, in the case of math, a peer review in order to have your work accepted by the community. ANC would benefit a lot from an independent review of the RSA UFO project and, at a later date, of its Zerocoin implementation.