[PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency - page 38.

felixando

copper member

Activity: 137

Merit: 31

Quote from: Lucasgabd on January 30, 2018, 01:25:34 PM

impressive concept here.. from what i understand zStone is something similar to byteball blackbytes? that’s really intriguing, i’m inverested in taking part in the testnet if possible.

- devx

Quote

do you have any info already on how the giveaways will happen?

Hi Lucasgabd, this is something which is still in the works.

felixando

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: ?? on ??

Quote from: felixando on January 21, 2018, 10:19:20 AM

Good morning to you all, today will be a small update and recap on recent events/posts, hopefully one of many if i acquire the time to do so. Id like to take this time to earnestly thank my supporters and the people who have been sending supportive and appreciative private messages, also to the donators, development could not continue without you, Thank you.

Distribution

As expressed by a few supporters we have come to the result that we would like to see a substantial plan ahead, which will persist as follows;

30% donators (ending shortly - exact date yet to be announced)
32.5% Airdrop to BTC holders
22.5% Airdrop to existing XRB holders.
10% Givaway (Thread Posters/Twitter Enhancers)
5% Development fund

Stodes (Nodes)

From my findings with the balanced-weighted vote the implementation will not transact in-line in the manner i originally set out to achieve, therefor i have played with the idea of off-chain addresses, t-addresses (Stone) for standard transactions & (zStone) z-addresses, with an exact exchange between paired wallets for an untraceable transaction .My idea further extends to to have Stodes (Nodes), which act as a direct atomic swap 1:1 with Stone & zStone, anyone would be able to see the the swap 1:1 between the two, but no one would be able to see where you have recieved the zStone as it was transacted off-chain.

zStone would not be a seperate currency and not tradable on an exchange, its simply the channel to achieve completely private transactions, with a swap 1:1 with Stone, they would not be worth anymore or any less.

Schematics

   OFF-CHAIN
   Bob -> Alice
(zStone) Transactions -> (zStone) Received

   SWAP
   Alice -> Ted (Node) -> Alice
(zStone) Swap 1:1 -> Receive/Send -> (Stone) Received

Alice receives a private transaction from Bob via zStone, Alice now has 100 zStone, Alice now wants standard Stone, she swaps the 100 zStone for Stone 1:1 via a Stone node. The end result is Alice successfully has completed a private transaction with Bob, and swapped back into the base currency, all within the wallet, this method allows the DAG protocol to still function with its representative method.

Tests

I've been testing the functionality with zkSNARK transactions in a closed server, with positive results, sub ten-second transactions, with privacy.

The following members will take part in testnet, at this stage i do not need any more participants.

Code:

Mate2Mate
PerfectCoinSeeker
no_advance
njoroge
Bamauth
bitcoinuserz
w******t
Nomad_1
Mucamo_35
hoolio
Mckonery
ICOGuide
bitcoinuserz
fedmahnkassad
Dagmen
Worldtokenindex
xibeijan
racka
njoroge
witzowitz
mgpf
Phantomtrader
kaar
jinhwanlazy

felixando

impressive concept here.. from what i understand zStone is something similar to byteball blackbytes? that’s really intriguing, i’m inverested in taking part in the testnet if possible.

- devx

do you have any info already on how the giveaways will happen?

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: BKCCI on January 29, 2018, 09:48:07 PM

For Felixando and everyone in this thread - I just gathered some info on this other cryptocurrency which just got released under the name Stone / StoneCoin / StoneCrypto.
It seems to be not related since it is a minable (Proof-of-Work) cryptocurrency.

Links for this other project:

Bitcointalk: https://bitcointalksearch.org/topic/mineablecoin-stonecoin-dynamic-masternode-rewards-high-roi-2799957
Website (mentioned in GitHub - not developed yet): https://stoneco.in/
GitHub: https://github.com/stonecrypto/stonecoin
Discord: https://discordapp.com/channels/404684235350343692/404917644119113728
Twitter: https://twitter.com/StoneCryptOrg

This is purely to add this information to the thread and to everyone interested.

Edit: I want to add, their Bitcointalk thread looks very suspicious, the listed team members all signed up to Bitcointalk just a few days ago, but they already have exchange listing and all sorts of media channels. Watch with caution as well as any other project.

thanks a lot for the heads up.

MrAhab

newbie

Activity: 45

Merit: 0

Slate sounds like a good rebrand or we can piggy back of off Raiblocks rebrand to NANO

And do NANO-Privacy or NANO- Stealth

Or... SNANO etc...

felixando

copper member

Activity: 137

Merit: 31

Quote from: PerfectCoinSeeker on January 30, 2018, 08:18:48 AM

Quote from: fracas on January 26, 2018, 10:35:06 AM

Quote from: StoneSoup on January 26, 2018, 09:52:03 AM

Quote from: fracas on January 26, 2018, 09:06:41 AM

Quote from: MrAhab on January 26, 2018, 09:04:47 AM

Quote from: fracas on January 26, 2018, 08:59:41 AM

Quote from: PerfectCoinSeeker on January 26, 2018, 03:48:24 AM

We should really try to distribute this more equally for humanity. This is the whole purpose. To distribute a quick, feeless, private & secure currency to as wide a diversity of humanity as possible. We can save human lives through this. Let's try our best to seize this opportunity for humanity.

Also, I have an Earn.com account and we may be able to distribute Stone more equally through their new Airdrop program. They have over 100,000+ users and it's free for anyone to sign up. We can launch a campaign to distribute a majority of Stone only to those who "invite other users, perform labor for the project, or give back in other ways." You may view more details here: https://news.earn.com/launch-your-token-with-an-earn-com-airdrop-97715970f8c7

Would love to hear the community's thoughts on this.

+1

Don't make rich people (BTC\XRB holders) richer...

The point is for STONE to succeed, not be a do gooder and make poor people more well off.

Fair distribution is a very important point.

I honestly believe the people holding XRB and BTC are more likely to make this coin succeed. I think either this is a charity coin or it is a currency. Nothing stopping people getting a few RaiBlocks while they are cheap and getting in on this or just donating a small amount to the donations page. Lets not involve a 3rd party and make things more complicated. If posters want to give to charity later, then they are welcome to but don't ruin this coin over it.

Edit to add: I think if required, identity verification can be done to ensure that people are not double dipping. I just did just that for another coin and it works just fine.

LOL

And for XRB it's the same:
https://www.raiblocks.club/representatives

TOP 1%
128,690,105 XRB
99.05%

Seems fair...

Indeed, which is why we should try programming Stone to truly be The People's World Currency and set whale limits, so the working class aren't eventually exploited by whales for cheap labor.

Top wallets which are owned by the team/development funds will be removed and not included in the Stone distribution, so we may end up with less supply than intended.

Official donators list has been updated! 30/1/2018

felixando

Kencha77

sr. member

Activity: 574

Merit: 251

Quote from: Alohaboy?! on January 30, 2018, 02:33:33 AM

Quote from: fracas on January 30, 2018, 02:27:54 AM

Quote from: StoneSoup on January 30, 2018, 12:54:22 AM

Here is another link to the other Stone coin:

https://bitcointalksearch.org/topic/mineablecoin-stonecoin-dynamic-masternode-rewards-high-roi-2799957

This is a totally different project. StoneCoin is a blockchain Bitcoin-based with masternode coin. Stone is a DAG based coin + privacy. Just the name is similar.

Either way might lead to confusion. Maybe a rebranding will be needed in the future

Felix also considered rebranding the coin's name before. I haven't read any post regarding that matter after the initial one

PerfectCoinSeeker

newbie

Activity: 31

Merit: 0

Quote from: fracas on January 26, 2018, 10:35:06 AM

Quote from: StoneSoup on January 26, 2018, 09:52:03 AM

Quote from: fracas on January 26, 2018, 09:06:41 AM

Quote from: MrAhab on January 26, 2018, 09:04:47 AM

Quote from: fracas on January 26, 2018, 08:59:41 AM

Quote from: PerfectCoinSeeker on January 26, 2018, 03:48:24 AM

We should really try to distribute this more equally for humanity. This is the whole purpose. To distribute a quick, feeless, private & secure currency to as wide a diversity of humanity as possible. We can save human lives through this. Let's try our best to seize this opportunity for humanity.

Also, I have an Earn.com account and we may be able to distribute Stone more equally through their new Airdrop program. They have over 100,000+ users and it's free for anyone to sign up. We can launch a campaign to distribute a majority of Stone only to those who "invite other users, perform labor for the project, or give back in other ways." You may view more details here: https://news.earn.com/launch-your-token-with-an-earn-com-airdrop-97715970f8c7

Would love to hear the community's thoughts on this.

+1

Don't make rich people (BTC\XRB holders) richer...

The point is for STONE to succeed, not be a do gooder and make poor people more well off.

Fair distribution is a very important point.

I honestly believe the people holding XRB and BTC are more likely to make this coin succeed. I think either this is a charity coin or it is a currency. Nothing stopping people getting a few RaiBlocks while they are cheap and getting in on this or just donating a small amount to the donations page. Lets not involve a 3rd party and make things more complicated. If posters want to give to charity later, then they are welcome to but don't ruin this coin over it.

Edit to add: I think if required, identity verification can be done to ensure that people are not double dipping. I just did just that for another coin and it works just fine.

https://cdn.howmuch.net/content/images/voronoi-bitcoin_2-7b4d.png

LOL

And for XRB it's the same:
https://www.raiblocks.club/representatives

TOP 1%
128,690,105 XRB
99.05%

Seems fair...

Indeed, which is why we should try programming Stone to truly be The People's World Currency and set whale limits, so the working class aren't eventually exploited by whales for cheap labor.

carvenn

newbie

Activity: 5

Merit: 0

Hello. I left you a donation of ETH. Good luck with your project, I will be watching thread.

Alohaboy?!

hero member

Activity: 1050

Merit: 506

Quote from: fracas on January 30, 2018, 02:27:54 AM

Quote from: StoneSoup on January 30, 2018, 12:54:22 AM

Here is another link to the other Stone coin:

https://bitcointalksearch.org/topic/mineablecoin-stonecoin-dynamic-masternode-rewards-high-roi-2799957

This is a totally different project. StoneCoin is a blockchain Bitcoin-based with masternode coin. Stone is a DAG based coin + privacy. Just the name is similar.

Either way might lead to confusion. Maybe a rebranding will be needed in the future

fracas

full member

Activity: 392

Merit: 100

$Profile photo of fracas$

Multiversum

Quote from: StoneSoup on January 30, 2018, 12:54:22 AM

Here is another link to the other Stone coin:

https://bitcointalksearch.org/topic/mineablecoin-stonecoin-dynamic-masternode-rewards-high-roi-2799957

This is a totally different project. StoneCoin is a blockchain Bitcoin-based with masternode coin. Stone is a DAG based coin + privacy. Just the name is similar.

StoneSoup

newbie

Activity: 225

Merit: 0

Here is another link to the other Stone coin:

https://bitcointalksearch.org/topic/mineablecoin-stonecoin-dynamic-masternode-rewards-high-roi-2799957

xxxgoodgirls

legendary

Activity: 1092

Merit: 1001

Just noticed this announcement, has anyone joined you during the development process or are you working as a standalone dev?
Also, there are popping up a lot of projects without a prototype to show, can you please show us a video at least? It would be nice to have some insight.

BKCCI

newbie

Activity: 29

Merit: 0

For Felixando and everyone in this thread - I just gathered some info on this other cryptocurrency which just got released under the name Stone / StoneCoin / StoneCrypto.
It seems to be not related since it is a minable (Proof-of-Work) cryptocurrency.

Links for this other project:

Bitcointalk: https://bitcointalksearch.org/topic/mineablecoin-stonecoin-dynamic-masternode-rewards-high-roi-2799957
Website (mentioned in GitHub - not developed yet): https://stoneco.in/
GitHub: https://github.com/stonecrypto/stonecoin
Discord: https://discordapp.com/channels/404684235350343692/404917644119113728
Twitter: https://twitter.com/StoneCryptOrg

This is purely to add this information to the thread and to everyone interested.

Edit: I want to add, their Bitcointalk thread looks very suspicious, the listed team members all signed up to Bitcointalk just a few days ago, but they already have exchange listing and all sorts of media channels. Watch with caution as well as any other project.

MrAhab

newbie

Activity: 45

Merit: 0

Quote from: StoneSoup on January 29, 2018, 07:17:03 PM

Quote from: diab0lus on January 29, 2018, 06:54:06 PM

Quote from: StoneSoup on January 29, 2018, 05:55:57 PM

Quote from: diab0lus on January 29, 2018, 05:15:37 PM

Quote from: Jones2020 on January 29, 2018, 04:59:13 PM

Can someone explain me the distribution ? How would it work, lets say I donate 5 ETH, how much will I get sort of speak ?

Also I can cover for dutch translation

Check the first post. Everything you donate at this point should be considered a donation with potentially no return for you. This is not an ICO. I think there is some uncertainty about how the coins will be distributed. It is stated that 30% will be distributed to donors. At times it seems like they will be evenly distributed among donors, and at other times it seems like it might be based on how much you donate. Maybe that is still being decided, unless I've missed something.

I would seem patently unfair to give the same amount to someone who donated $1 as to someone who donated $20 000. There would be a massive outcry. Maybe we should all make fake accounts and make multiple small donations then? The point here is fairness.

I agree. I would be in favor of setting a date (the last day for donations) and using the price for those currencies used to donate for that date to determine btc value for each donation, then proportionally dividing up the 30% that is being sent to donors. For example, if the price of ETH = 0.1 BTC, the person who donated 1 ETH would get 1/10 as much stone as the person who donated 1 BTC.

Yeah, that is pretty much what I had in mind. Some guy donated 13 ETH, that kind of generosity should be rewarded more than someone who donates 0.01ETH. I think as you say, at a set date snapshot value of the currencies and then user dollar value as a way to determine percentage of available Stone coins. So 45 million Stone divided by $x total donation value gives amount of stone for every dollar donated.

This makes sense

StoneSoup

newbie

Activity: 225

Merit: 0

Quote from: diab0lus on January 29, 2018, 06:54:06 PM

Quote from: StoneSoup on January 29, 2018, 05:55:57 PM

Quote from: diab0lus on January 29, 2018, 05:15:37 PM

Quote from: Jones2020 on January 29, 2018, 04:59:13 PM

Can someone explain me the distribution ? How would it work, lets say I donate 5 ETH, how much will I get sort of speak ?

Also I can cover for dutch translation

Check the first post. Everything you donate at this point should be considered a donation with potentially no return for you. This is not an ICO. I think there is some uncertainty about how the coins will be distributed. It is stated that 30% will be distributed to donors. At times it seems like they will be evenly distributed among donors, and at other times it seems like it might be based on how much you donate. Maybe that is still being decided, unless I've missed something.

I would seem patently unfair to give the same amount to someone who donated $1 as to someone who donated $20 000. There would be a massive outcry. Maybe we should all make fake accounts and make multiple small donations then? The point here is fairness.

I agree. I would be in favor of setting a date (the last day for donations) and using the price for those currencies used to donate for that date to determine btc value for each donation, then proportionally dividing up the 30% that is being sent to donors. For example, if the price of ETH = 0.1 BTC, the person who donated 1 ETH would get 1/10 as much stone as the person who donated 1 BTC.

Yeah, that is pretty much what I had in mind. Some guy donated 13 ETH, that kind of generosity should be rewarded more than someone who donates 0.01ETH. I think as you say, at a set date snapshot value of the currencies and then user dollar value as a way to determine percentage of available Stone coins. So 45 million Stone divided by $x total donation value gives amount of stone for every dollar donated.

diab0lus

newbie

Activity: 7

Merit: 0

Quote from: StoneSoup on January 29, 2018, 05:55:57 PM

Quote from: diab0lus on January 29, 2018, 05:15:37 PM

Quote from: Jones2020 on January 29, 2018, 04:59:13 PM

Can someone explain me the distribution ? How would it work, lets say I donate 5 ETH, how much will I get sort of speak ?

Also I can cover for dutch translation

Check the first post. Everything you donate at this point should be considered a donation with potentially no return for you. This is not an ICO. I think there is some uncertainty about how the coins will be distributed. It is stated that 30% will be distributed to donors. At times it seems like they will be evenly distributed among donors, and at other times it seems like it might be based on how much you donate. Maybe that is still being decided, unless I've missed something.

I would seem patently unfair to give the same amount to someone who donated $1 as to someone who donated $20 000. There would be a massive outcry. Maybe we should all make fake accounts and make multiple small donations then? The point here is fairness.

I agree. I would be in favor of setting a date (the last day for donations) and using the price for those currencies used to donate for that date to determine btc value for each donation, then proportionally dividing up the 30% that is being sent to donors. For example, if the price of ETH = 0.1 BTC, the person who donated 1 ETH would get 1/10 as much stone as the person who donated 1 BTC.

StoneSoup

newbie

Activity: 225

Merit: 0

Quote from: diab0lus on January 29, 2018, 05:15:37 PM

Quote from: Jones2020 on January 29, 2018, 04:59:13 PM

Can someone explain me the distribution ? How would it work, lets say I donate 5 ETH, how much will I get sort of speak ?

Also I can cover for dutch translation

Check the first post. Everything you donate at this point should be considered a donation with potentially no return for you. This is not an ICO. I think there is some uncertainty about how the coins will be distributed. It is stated that 30% will be distributed to donors. At times it seems like they will be evenly distributed among donors, and at other times it seems like it might be based on how much you donate. Maybe that is still being decided, unless I've missed something.

I would seem patently unfair to give the same amount to someone who donated $1 as to someone who donated $20 000. There would be a massive outcry. Maybe we should all make fake accounts and make multiple small donations then? The point here is fairness.

It would seem that each RaiBlock will only get you around 0.26 stone and each bitcoin will get you about 3 or so. I think it would be far better to focus on one or the other and I think since most people don't have lots of bitcoin (mostly held by rich people like McAfee), it would be best to go with Rai but that is just my personal point of view. That would give 0.62 stone for every Rai. Another option is to limit it to X Rai per address so anyone with 3 million Rai at a certain date, only get a max of say 10000 Stone. I doubt people would split their 3 million Rai just to get extra Stone.

diab0lus

newbie

Activity: 7

Merit: 0

Quote from: StoneSoup on January 29, 2018, 05:30:40 PM

Quote from: rdnkjdi on January 29, 2018, 12:19:47 PM

Quote from: Lucasgabd on January 29, 2018, 06:57:55 AM

Quote from: rdnkjdi on January 28, 2018, 04:51:28 PM

Quote from: Lucasgabd on January 28, 2018, 12:58:31 PM

interesting project, congrats on cryptobridge listing
you plan on creating a bounty campaign?
would love to produce an article about STONE to steemit.

is there an active twitter and/or discord already?

thanks.

Where did you see it would be listed on CryptoBridge?

they just listed STONE coin
is it the same project or a different one?

This seems odd. It only has a supply of 2,287 and no trades. But it seems to be an official listing / cryptobridge listing.

There is actually another coin called stone. I read about it on another thread. I think we might have to have a name change or there will be nothing but confusion. Anyone got any suggestions? Maybe pebble?

I like Slate.. A slate is quickly wiped clean. The name conveys secrecy and speed. These are the main features of the currency. SLA and STE are available, as is SLATE.

Amicus

newbie

Activity: 13

Merit: 0

Quote from: felixando on December 14, 2017, 02:34:28 AM

Work Ethics

What i can promise you

Dedication
Constant updates
a finished product
a quality product delivered in a timely manner

Felixando, I have sent some support for you, in eth. Looking forward to seeing the quality product.

StoneSoup

newbie

Activity: 225

Merit: 0

Quote from: rdnkjdi on January 29, 2018, 12:19:47 PM

Quote from: Lucasgabd on January 29, 2018, 06:57:55 AM

Quote from: rdnkjdi on January 28, 2018, 04:51:28 PM

Quote from: Lucasgabd on January 28, 2018, 12:58:31 PM

interesting project, congrats on cryptobridge listing
you plan on creating a bounty campaign?
would love to produce an article about STONE to steemit.

is there an active twitter and/or discord already?

thanks.

Where did you see it would be listed on CryptoBridge?

they just listed STONE coin
is it the same project or a different one?

This seems odd. It only has a supply of 2,287 and no trades. But it seems to be an official listing / cryptobridge listing.

There is actually another coin called stone. I read about it on another thread. I think we might have to have a name change or there will be nothing but confusion. Anyone got any suggestions? Maybe pebble?

Topic: [PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency - page 38. (Read 42231 times)