Topic: rpietila Altcoin Observer - page 71. (Read 387552 times)

That doesn't sound like a plausible explanation for this at all. Sounds much more likely that it's about getting all the pumpers on board early.

It also assumes a fair launch and a distribution mechanism that is transparent and resistant to insider manipulation is unimportant. That is demonstrably false.

Although I will say that given the IPO, premine, instamine, insta-PoW-to-PoS, and other such questionable schemes that are well represented among the top tier coins now, one might reasonably question it.

Also, if you want to be the first to use it, you are already too late by a wide margin.

+1

That is a big if though.

You can't lag behind the competition. If PoS is the future you have to be the first to use it.

This was posted in the Monero ANN thread for some reason.  Oh wait it was a response to your post there.


The link includes a video from bitshares where they say that "bitcoin was the first digital company that calls it's shares coins."  WTF  
Other than that the rest of the video made no sense to me whatsoever.  

Interesting criticisms.  I need me some Marmot assets.  

Renting at Betarigs is too expensive for that timeframe to secure a large percent of coins.

It´s even more absurd to think someone would implement the most important features of a coin directly when it launches or while its mineable at least.

My question about the PoW-to-PoS coins is what's the hurry. Even if you are convinced that PoS is the future and your coin should transition to PoS (I'm not, but let's assume that for now), why not make the PoW period longer, like a year or two (or five) and then transition to PoS? That would reduce concerns about the legitimacy of the launch or distribution while still resulting in the same long term "benefit" (if you want to believe) of PoS. So why not?

TITAN uses just Stealth Addresses combined with an Alias system, i dislike those simple alias systems as they are open for abuse, best example is domain grabbing.
SX alone doesn´t anonymize much.



Well, you were talking about privacy servers and a general user doesn´t want to use something that bounces payments around even if you call them telepods, simply because its dangerous, so those will prolly be hosted in datacentres, different cup of tea compared to a local wallet that no one knows exists.

If you have access to a CN wallet, you see which amounts have been sent around or got received and at what time of course, but thats about it. No it wasn´t a joke, a passive system in this case is far superior and way more elegant then everything involving nodes that have to bounce coins around.



There have been already a lot of those proposals been made, most broken, like PoS. Please don´t use the world revolutionary without any proof. You already have a fully mined coin and a lot of imho unjustified hype, my question remains, why is BTCD needed if the "teleport" stuff works with Bitcoin?
The way you guys try to do cryptography is simply not how it should be done, i would call it dangerous at least for users if you promise certain things without a thorough analysis before.

I think that you should start a separate OP for this innovation because the potential here is revolutionary, and the amount of discussion around your work could quickly take over this OP.

Just my 2 Satohsis worth.

TLA's have access globally? Not a pleasant thought...
anyway, if you had access to a person's cryptonote wallet, clearly you can deanonymize all the transactions he did. so i am assuming your smiley on that is meant as a joke

James

bitshares has aggressive marketing
tonyk admitted that their TITAN is basically an alias system and offers no protection against timing attacks
weak personal level privacy is where I would categorize it, I think DRK is offering better anon than TITAN

Can someone please have a look at this link and analyse it for us?

I recently came across this on the exchange poloniex chatbox because many users are saying how Bitshares has real anonymity and this does away with any need for Monero.

https://bitcointalksearch.org/topic/titan-infographic-transfer-invisibly-to-any-name-bitshares-feature-687251

Yeah with autonomous passive mixing shemes like ringsignatures

There´s no need to seize servers as the 3 letter agencies have access to them anyway.

I had a good chat with the DRK devs on IRC, the teleport system needs to have as clean of telepod creators as possible and I am thinking that seeding it with other anon coins will really make things difficult for any attacker. Once in the teleport system, I am fairly confident that users divulging their ownership of specific telepods is the weakest link. Not sure there is any defense against that with any coin. Nor of simultaneous govt seizure of a significant portion of the teleporting nodes.

Maybe somebody here knows how to defend against this?
So, for the most sensitive transactions, it is probably best to use a totally fresh acct with no links at all to yourself, then even if the other side is careless/hostile/confiscated, it only leads back to nothing.

There are just so many ways for info to leak, it has been a lot of work to identify them and scrub it clean. Of course most users will only use the personal privacy level where they are running their privacyserver on the same computer they use and talk to it via localhost. This wont shield your IP address, but if you arent worried about an attacker that is packet sniffing to attempt to determine who you are messaging, then this personal privacy level is adequate. For those that want "corporate level" privacy, I am advising to have a separate privacyServer (that you control) with a public IP address (the equivalent of Post office box), if people find out this IP address (mine is 209.126.70.170) then they might find you have a server in St louis. Maybe they can then send some infiltration operation to snoop on this server. Then they will see fully encrypted packets and only the source and destination, which might be the original source and ultimate destination, or maybe just random hops along the onion routing. The design is that only your privacyserver even knows your IP address. I havent yet added a mode where all the packets you send are identical size so the size of the packets you send/receive wont leak any info about the type of comms you are having.

To protect against packet sniffing and statistical correlation of the UDP packets between source and destination, I have added M of N shared secret fragmenting of the telepods. By setting M to ~40% of N, each receiving node can randomly decide whether to route the packet or not. So if there are 4 hops, we want the expected number of packets reaching the destination to be comfortable over 50%, I think fourth root of .5 = .84, so each node randomly dropping 16% of these M of N fragments would have half of them arrive at the destination and through a statistical path through the onion network

I think this will give giant headaches to the attacker.

James

Also BitsharesX seem to be gaining ground, they are now number three on coinmarketcap, so someone is making money.

Ok, that's good to know (I didn't see that)! Hopefully your 'crazy ideas' are being dissected and analysed now. If teleporting coins turns out to be possible then it'll change everything, so we really need the best brains looking into this asap.

thanks for the link! I contacted jutarul and hope he can do a proper review of the BTCD staking. While it wont affect the teleporting of other coins, I certainly want BTCD to be as secure as possible.

James

hey kennyP, aminorex did apologize, it was just an understandable misunderstanding in the fast paced crypto world.
He meant no harm and I think we can just ignore this incident. I am new here and so it is normal for some suspicion, especially toward someone with some crazy ideas like me

James