[PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency - page 48.

cryptopathshala

jr. member

Activity: 80

Merit: 2

Your True Helping Hand in Crypto World- Join Slack

Quote from: mcall on January 22, 2018, 03:27:58 AM

How to allocate it about 30% donators? According to the price of the dollar at the time of donation,or others?

Yeah, we have same question, as donation was done in multiple cryptocurrencies, so how one common denominator will be used for calculation?

kerafym

full member

Activity: 224

Merit: 100

THE GAME OF CHANCE. CHANGED.

Is it even possible to have zero fees for transactions? I mean there are lot of trolls outside...

racka

newbie

Activity: 2

Merit: 0

Quote from: Alohaboy?! on January 22, 2018, 03:46:05 AM

I think for this kind of distribution it would be fair to have it capped or something. Like maximal redeemable amount is at 100 XRB or 1 BTC or something like that. It doesn't make any sense in linking to BTC balance since the ICO projects will claim their stake and just dump it because they don't care.

An amount cap sound like the right compromise. It can be further restricted by looking at amounts from a specific historical date, though I'm not sure how fair that is.

I'm guessing the coin distribution needs to ensure a (somewhat) fair distribution as well as introduce new users to the technology.

A captcha controller faucet, similar to XRB sounds nice, but seeing as XRB already did that, we could just look at the distribution from when the faucet stopped.

Taking into account that this is a DAG Privacy coin, besides airdropping XRB holders (as a thank you for the fork) perhaps we can also airdrop privacy coin holders (Monero, Dash, Zcash)? Users that already value privacy seem like the most likely to accept Stone and be part of the community.

Overall, a 55% airdrop distribution sounds like a reasonable amount.

zaycc

newbie

Activity: 16

Merit: 0

Relax guys, let things flow, and let's have constructive discussion instead of shooting down ideas immediately. (If you read the thread) He asked at the very beginning on ideas for distribution. If you did not impart your idea before, what weight should your new solution be given? Let's be civil guys

August1106

newbie

Activity: 97

Merit: 0

Do you have a further and detailed XSN allocation plan? This small update and recap cannot explain many things.

Alohaboy?!

hero member

Activity: 1050

Merit: 506

Quote from: iCEBREAKER on January 21, 2018, 03:08:55 PM

Quote from: felixando on January 21, 2018, 11:19:20 AM

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

I hope this distribution is not set is stone (sorry for bad pun Grin

).

Why grant paid spammers twice as much as allocated to development? Do you really want to emphasize Astroturf marketing over development and wind up like Dash?

According to Cardano's Ouroboros research, an honest initial distribution pattern is critical to maintaining the integrity of a Proof-of-Stake system going forward.

Your schema could be tweaked to allow a much longer, fatter tail by expanding the airdrop to LTC and DCR. That would bring in vastly more participants than BTC and XRB alone, which enhances the probability of achieving an honest staking voter base which cannot be compromised by a handful of BTC and XRB whales.

I think for this kind of distribution it would be fair to have it capped or something. Like maximal redeemable amount is at 100 XRB or 1 BTC or something like that. It doesn't make any sense in linking to BTC balance since the ICO projects will claim their stake and just dump it because they don't care.

mcall

full member

Activity: 292

Merit: 100

How to allocate it about 30% donators? According to the price of the dollar at the time of donation,or others?

ella007

newbie

Activity: 15

Merit: 0

Hello DEV, i'm XRB holders. how can i get Stone Coin? Please tell me the step. thank you so much.

Great job dev.

moneroguru

newbie

Activity: 36

Merit: 0

So the balances are not private? That doesn't sound good.

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: iCEBREAKER on January 21, 2018, 03:08:55 PM

Quote from: felixando on January 21, 2018, 11:19:20 AM

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

I hope this distribution is not set is stone (sorry for bad pun Grin

).

Why grant paid spammers twice as much as allocated to development? Do you really want to emphasize Astroturf marketing over development and wind up like Dash?

According to Cardano's Ouroboros research, an honest initial distribution pattern is critical to maintaining the integrity of a Proof-of-Stake system going forward.

Your schema could be tweaked to allow a much longer, fatter tail by expanding the airdrop to LTC and DCR. That would bring in vastly more participants than BTC and XRB alone, which enhances the probability of achieving an honest staking voter base which cannot be compromised by a handful of BTC and XRB whales.

RaiBlocks and Stone isn't PoS though (no inflation after the initial distribution), it uses a voting mechanism to deal with malicious forks, but every account with any amount of coins count and it also takes uptime and history into consideration. There is some weighting done according to balance, but overall it takes every account with any balance into the equation. Also there is a PoW needed both with sending and recieving blocks as every account is it's own chain, so putting small ballances on every account in itself isn't enough to vote manipulate, you have to do some heavy work aswell.

I agree though that an airdrop to different coin holders could work better with the voting mechanism. BTC, LTC, DCR, XMR, XRB, STRATIS to name a few could work well with even % distro.

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: fracas on January 21, 2018, 05:03:58 PM

Quote from: Nomad_1 on January 21, 2018, 02:28:47 PM

Assuming this thing can take off, the distribution scheme is possibly the worst idea and is as far as possible from your initial posts of wanting a fair distribution.

Whales will form pretty quick - and then this market will be manipulated like just about every other crypto at the moment.

Must quote. Worst distribution scheme ever seen.

Faucet would have been much better.

Disagree. Faucet was the sole reason for xrb not making it to bigger exchanges and the community was toxic. Captcha workers didn't transition to community members and most of them were employed by farmers anyway who paid them less money for their coins. It was a good temporary income for them, but overall it hurt the project way more than it helped and fucked the people who spent money on those coins.

Also you probably think that the difficulty curve for farming coins will be the same as with xrb, that you will be able to gain a good stash early. Truth is that after xrb took off so heavily recently you wouldn't be able to farm proper quantities as that huge number of people who farmed in the end will be here on start.

A small % allocated to a faucet and bounties are okay, but that's about it.

Also to felixando: The Semux (java based crypto) project's bitcointalk thread got closed by the global modes, because people got way too high rewards for the signature bounty and they were spamming heavily on the board.

fracas

full member

Activity: 392

Merit: 100

$Profile photo of fracas$

Multiversum

Quote from: Nomad_1 on January 21, 2018, 02:28:47 PM

Assuming this thing can take off, the distribution scheme is possibly the worst idea and is as far as possible from your initial posts of wanting a fair distribution.

Whales will form pretty quick - and then this market will be manipulated like just about every other crypto at the moment.

Must quote. Worst distribution scheme ever seen.

Faucet would have been much better.

Rio47

newbie

Activity: 2

Merit: 0

Can anyone know this telegram channel @Stoneplatform ? We should talk there?

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: felixando on January 21, 2018, 11:19:20 AM

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

I hope this distribution is not set is stone (sorry for bad pun Grin

).

Why grant paid spammers twice as much as allocated to development? Do you really want to emphasize Astroturf marketing over development and wind up like Dash?

According to Cardano's Ouroboros research, an honest initial distribution pattern is critical to maintaining the integrity of a Proof-of-Stake system going forward.

Your schema could be tweaked to allow a much longer, fatter tail by expanding the airdrop to LTC and DCR. That would bring in vastly more participants than BTC and XRB alone, which enhances the probability of achieving an honest staking voter base which cannot be compromised by a handful of BTC and XRB whales.

Nomad_1

newbie

Activity: 12

Merit: 0

Assuming this thing can take off, the distribution scheme is possibly the worst idea and is as far as possible from your initial posts of wanting a fair distribution.

Whales will form pretty quick - and then this market will be manipulated like just about every other crypto at the moment.

fracas

full member

Activity: 392

Merit: 100

$Profile photo of fracas$

Multiversum

Quote from: felixando on January 21, 2018, 11:19:20 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

I would like to partecipate in Testnet or to see a video.

Can you show us a video of a transaction test?

Yodax

newbie

Activity: 32

Merit: 0

Quote from: felixando on January 21, 2018, 11:19:20 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

https://i.imgur.com/a4TPGFL.png

felixando

except the '"32.5% Airdrop to BTC holders", i think the distribution is cool. you should have increased Giveaway and development found imo

monerofort

newbie

Activity: 12

Merit: 0

FRIKKIN BOOM!

so tempting to donate more, this is looking real good.

Neversettle

member

Activity: 308

Merit: 13

ZetoChain - ACCELERATING BLOCKCHAIN FOR THE SUPPLY

Quote from: felixando on January 21, 2018, 11:19:20 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

thanks for the heads up. I hope the people from the testnet will give some updates here

felixando

copper member

Activity: 137

Merit: 31

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

Topic: [PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency - page 48. (Read 42181 times)