Topic: PnF TA - page 73. (Read 190664 times)
I don't mind discussing this but this info should be copied elsewhere IMO because it will be lost.
I am an absolute beginner when it comes to cryptography, but shouldn't it be enough for an anonymous currency to hide the amount of coins that are being moved the same way that bitcoin is derivating a hash from the private key, which then is the public key.
Thus we only see the public hash, but we trust the cryptography that a correct amount of coins was moved. No need for clumsy ring signatures. Mhh but at the same time I already see problems, for exampe same hashes for identical transactions. Maybe combine the hash with the input and ouput address to make it more unique?.. I have to learn more about cryptography.
This is brutally offtopic, sorry klee. Remove my post if you wish to.
Edit: This is just an extremely interesting topic.
Thus we only see the public hash, but we trust the cryptography that a correct amount of coins was moved. No need for clumsy ring signatures. Mhh but at the same time I already see problems, for exampe same hashes for identical transactions. Maybe combine the hash with the input and ouput address to make it more unique?.. I have to learn more about cryptography.
This is brutally offtopic, sorry klee. Remove my post if you wish to.
Edit: This is just an extremely interesting topic.
I should have clarified that I will invest only because of the hype, I am not impressed anymore by the solution!
I am somewhat impressed but the complexity of the crypto, lack of provable trust, and "all or nothing" unwinding and the ramifications of that on decentralizing the scaling of the block chain make it IMO uncompetitive with what I have. But again, very difficult for one man to implement an entirely new code base.
Edit: there are always faults, but the faults are much narrowed compared to everything else, at least in terms of my analysis. Always helps to have peer review though. We know more if it ever makes it to market. So I shut up now. Just wanted to say zerocash is not the only way to hide everything that matters.
Also zerocash (if they ever deliver).
Zerocash hides everything but needs a trusted setup. I figured out how to hide everything that matters (more than Cryptonote hides) with no trusted setup and not relying on any new esoteric cryptography. Also zerocash has a problem in that it can't unwind from orphaned chains selectively, because you can't know which transactions are in the trail of which transactions.
I have so many innovations it makes the head spin. The problem is nobody is helping me implement. Its insane.
EDIT: This is a whole subject that needs discussion on it's own, you have to admit there are probably faults on your side too..
Also zerocash (if they ever deliver).
Zerocash hides everything but needs a trusted setup which can never be provably trusted (just probabilistically trusted). I figured out how to hide everything that matters (more than Cryptonote hides) with no trusted setup and not relying on any new esoteric cryptography that might be broken by latter peer review. Zerocash was broken recently but quickly fixed. Also zerocash has a problem in that it can't unwind from orphaned chains selectively, because you can't know which transactions are in the trail of which transactions.
I have so many innovations it makes the head spin. The problem is nobody is helping me implement. Its insane.
Next year we will bottom and see the interest in private assets grow again, but it will be driven more by anti-government sentiment (due to expropriation in the EU) and thus anonymous coins will receive much more interest than Bitcoin.
Klee, out of curiosity, and by no means wanting to get out of subject, do you own any of this?ATM is the 2nd best in town (1st is Zoidberg's BBR but not so successful for various reasons). I wait for someone to implement TPTB's proposal and I will invest long term.
Also zerocash (if they ever deliver).
Well I sort of replied to macgsa again. Sorry this is getting off topic of this thread.
Wexlike in theory you can mix your coins after purchase through the exchange, then obscure which coins are yours. Hopefully you'll be selling in the future to a buyer who is handing you physical gold, cash, or physical/virtual goods & services. For example xmr.to shapeshift.io allow you to pay in XMR to a BTC merchant.
However you do raise one issue which is that authorities can force you to reveal your private keys if they know you ever purchased coins. So then the mixes become useless. Also by unmasking others, the anonymity sets for all reduce and everyone's anonymity suffers.
So yes there needs to be a way for people to obtain anonymous currency anonymously via mining and selling their services anonymously. You could in theory rent compute time on Amazon AWS to mine coins anonymous, but then again can you trust that your code uploaded to AWS isn't tracked?
You see without an anonymous internet, the entire thing is hopeless. So the current crop of anonymous coins are incomplete.
Wexlike in theory you can mix your coins after purchase through the exchange, then obscure which coins are yours. Hopefully you'll be selling in the future to a buyer who is handing you physical gold, cash, or physical/virtual goods & services. For example xmr.to shapeshift.io allow you to pay in XMR to a BTC merchant.
However you do raise one issue which is that authorities can force you to reveal your private keys if they know you ever purchased coins. So then the mixes become useless. Also by unmasking others, the anonymity sets for all reduce and everyone's anonymity suffers.
So yes there needs to be a way for people to obtain anonymous currency anonymously via mining and selling their services anonymously. You could in theory rent compute time on Amazon AWS to mine coins anonymous, but then again can you trust that your code uploaded to AWS isn't tracked?
You see without an anonymous internet, the entire thing is hopeless. So the current crop of anonymous coins are incomplete.
I really like monero and it's good to see it rallying, I just don't see the point with an anonymous digital currency when the only active market place uses KYC. Currently I would only buy it directly from a person and skipping the middle man.
Sorry if this was offtopic.
Sorry if this was offtopic.
I don't know if XMR fulfills your anonymity needs, but this time around, seems to be the best there is for most people. Besides, it seems to enjoy the warmth of the pockets of some of the strongest players within the BTC infrastructure.
Hey that is all good. I have no complaint. I don't think it entirely fills my needs, but it is better than nothing.
Next year we will bottom and see the interest in private assets grow again, but it will be driven more by anti-government sentiment (due to expropriation in the EU) and thus anonymous coins will receive much more interest than Bitcoin.
Oh, they already are, if you ask me:
I don't know if XMR fulfills your anonymity needs, but this time around, seems to be the best there is for most people. Besides, it seems to enjoy the warmth of the pockets of some of the strongest players within the BTC infrastructure.
Klee, out of curiosity, and by no means wanting to get out of subject, do you own any of this?
But only 250.000(sic!) adresses are active ... https://blockchain.info/charts/n-unique-addresses. In january the number dropped to 116.000.
I don't understand why upthread comments say that you are only quoting data for one wallet. The above data is for all addresses on the block chain. Duh!
I think it is very likely that Bitcoin adoption has stalled.
And it is very likely that active use is much less than a million users.
There are likely a million+ users who hold balances though.
I wouldn't worry about it. We are heading into a low price below $100 for Spring 2016, because the $usd is coming so strong due to the contagion in Europe, China, and developing markets. Commodities are declining.
Next year we will bottom and see the interest in private assets grow again, but it will be driven more by anti-government sentiment (due to expropriation in the EU) and thus anonymous coins will receive much more interest than Bitcoin.
Hi klee. Thanks for that.
however, i was hoping for a chart resembling this, with gold charted in.
however, i was hoping for a chart resembling this, with gold charted in.
Bought up to about 279.5$. Stop 270.
2015 tells a different story. Orange line is XAUUSD
Approximately a week ago I calculated the correlation of GOLD/BTC.
Results:
Last year (29-07-2014 - 28-07-2014): 0,519572846
YTD (01-01-2015 - 28-07-2014): -0,562651161
Quite interesting I have to say. Unfortunately I was not able to produce a correlation chart over time. I would love to see such a graph!
GOLD/BTC PnF:
Clearly sell GLD for BTC.
Not exactly what you asked though Afrikoin.
Clearly sell GLD for BTC.
Not exactly what you asked though Afrikoin.
that long term bull trend line really added some colour. Might be the line to watch now.
TPTB so you see gold stay low tilll March next year?
I'm inlcined to see it your way. Can't see bitcoin go up massively if gold is going down.
Great discussion everyone!
TPTB so you see gold stay low tilll March next year?
I'm inlcined to see it your way. Can't see bitcoin go up massively if gold is going down.
Great discussion everyone!
this is a curious thing to say
2015 tells a different story. Orange line is XAUUSD
[img]https://www.tradingview.com/x/e31MoqlO/[img]
[img]https://www.tradingview.com/x/e31MoqlO/[img]
Hi there.
Can you put up a similar chart to one above BUT on a longer timeframe?
OR anyone else, please?
Ok, so as long as BTC is in a bullish trend, we have to find ways of increasing our BTC without risking losing them for USD.
We can do this with alt pairs.
So here is BTCLTC:
We should be on LTC now and sell them when we reach the support at 61-62. If we double bottom break at 59 buy back LTC until next support at 54-55.
Below 54 (especially <=50) we are in LTC! Target is double bottom at 30 (not visible here).
We can do this with alt pairs.
So here is BTCLTC:
We should be on LTC now and sell them when we reach the support at 61-62. If we double bottom break at 59 buy back LTC until next support at 54-55.
Below 54 (especially <=50) we are in LTC! Target is double bottom at 30 (not visible here).
if DXY heads to 120 which I think it can, while destroying other currencies in emerging markets I just see BTC rising or steady
Gold just looks like a shiny rock now, and with diamonds at 5 year low the Mrs. Might be getting some new bling.
Gold just looks like a shiny rock now, and with diamonds at 5 year low the Mrs. Might be getting some new bling.
i've noticed that too. But it seems to change. At time both are correlated, at time, inversely correlated.
He is saying that the two are now inversely correlated.
The chart showed they are highly correlated. It showed their prices always return to agreement. Short-term opposite moves are negated and they move back into sync in their mutual downtrend.
Exactly!
They are certainly correlated and a dip down for gold should bring btc along for the ride. Eventually though btc should break lose and head its own show since golds role is fading more and more. Of course this could take years. There is also the possibility of btc failing and that would also break the correlation. But for now pretty much in sync with each others moves.
No worries, post as you like...
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