Topic: [SDC] ShadowCash | Welcome to the UMBRA - page 394. (Read 1289636 times)

Hey child_harold, did you see this part of the thread?  Coolstoryteller, along with the slide presentation on the new website seem to suggest that leaving your coins in Shadow may not be the total best thing for the network, although its still helpful.  Actually it seems if you change from SDC to Shadow and then back to SDC, those anonymous outputs remain forever.  So it seems the most help we can do for the network is transfer back and forth between Shadow and SDC many times.  Every time we do it, it makes more anonymous outputs that remain forever.

Also good on the tweet.  I will light Craptsy up in the trollbox later too, starting Monday when I know user Mullick will be in there.

Respect your style.

You know what? Im a'gonna give Craptsy a piece of my mind too**…
FAO: CRYPTSY. Sort ur shit out

Tweet incoming………  

p/s ultimately its their loss…

**EDIT: Done ; RT if u feel… https://twitter.com/streamuse1/status/559459231251042304

p.p.s


LOL. There is no precedent to determine the MAX value for a unit of Shadow: Lets's take BTC's ATH as a start. I call $1000/sdc = $7 billion market cap.

Am I crazy? perhaps…

And yet SDC/Shadow answers al the current probs of BTC:

namely;

1) low inflation (less than ~2%, BTC currently at ~10%)
2) anon transactions (shadowsend)
3) a pos network (pow networks are IMO more prone to disaster)
4) secure comms (shadowchat)


+++ more

Yeah I would stay away from Craptsy.  Even if they get it fixed, I am too scared to add any volume there for SDC and risk getting my coins locked up for months.  As for the price, FULL potential would mean being on the moon my friend, LOL.

I just had words with those fools. what a joke of an exchange anyways. I will take my money to Bittrex much more professional. Where do you see the MAX possible price of 1 SDC being if this project reaches its FULL potential ?

Yeah Cryptsy is aweful.  Their wallet has been broken all year long.  User Mullick there is supposed to fix the wallet but they just ignore.  There was a fork or something a while back and some people had syncing issues including me.  To fix it you can just go to the wallet click on help, then debug window.  Then click console and type rewindchain 249000.  Then press enter and wait, and it will re-sync.  This worked for me.  I think Cryptsy just doesn't realize that Shadow has decent volume on other exchanges like Bittrex. They told me Shadow is not a priority.  Its pretty annoying, I wish they would just de-list the coin.  Maybe if others e-mail them too, then they will get their act together, but they just seem to ignore me.  Cryptsy is turning a lot of investors away from Shadow, who think the coin is broken because its in constant maintenance.  I bet if Cryptsy worked, the price would be over 30K satoshi right now.

there is nothing wrong with the wallet cryptsy has and always will be a usless fucking exchange and more fool you for leaving it on there

WHAT IS GOING ON WITH THE WALLET ? WILL NOT SYNC! I HAVE SDC ON CRYPSY AND I CANNOT REMOVE IT FROM THE EXCHANGE? WHAT IS GOING ON? This needs to be FIXED ASAP. This kind of shit drives people away from these coins. Get your asses to work and lets get shit rolling before we are left in the dust.

 

+1
There is top-notch technologies with very talented lead-dev and team
Great and strong community
Impressive achievements to this date and there is a big way to grow ahead.

Shadow-siders will only grow up to the big army

all I can say is I am thoroughly impressed with this coin so far...great vision...and seems like a great community behind it so far...im surprised more people haven't caught on yet.

theres a lot going on in shadowland atm… a lot to catch up with… nice
saw this above:


certainly one reason for this is for use with shadowchat, Shadow's P2P end-to-end encrypted messaging platform. An exchange of public keys is required to setup shadowchat sessions. see the shadowchat whitepaper (in the OP) for more info.

Good questions.  I am not sure exactly how the devs are preparing to solve these problems, and I am interested in the answers as well.  I know Open Bazaar had some interesting solutions to this. I heard something before about how some people would act as escrow agents.  A buyer and seller could if they wish, select an escrow from the free market based on their feedback.  Then if there were a problem with the transaction the escrow agent would decide who gets the money.  I think the main difference between markets like evolution and agora are those markets are centralized.  This means they are located and held on a single server somewhere, or bounced around on different servers.  They are also run and maintained by centralized individuals.  This gives governments and hackers a central point to attack and cause failure.  However with a decentralized marketplace like ShadyBay, it is much more resilient and resistant to attack.  ShadyBay will not be run by 1 or a few people, it will be run by all of the nodes on the network.  If the network grows large enough, it can be essentially impossible for any adversary to shut it down.  

Also fees might be lower in a decentralized marketplace.  Also there may be less of a risk of the owners of the marketplace taking the money and running or getting hacked and losing all coins like with centralized markets.  With a centralized marketplace you have one entity holding all the coins and acting as escrow, which is a giant target for thieves and hackers.  With a decentralized market the coins are spread out among different users, so there can never be one large hack or theft where everything gets stolen.

I'm also curious as to why the public key is shown in the wallet as well.  The address is derived from this public key.  I'm not sure if you can send to a public key, but probably you need to send to an address with the correct format instead. Bitcoin works the same way, but usually you only see the public address, and not the actual public key.

When ShadyBay launches how will people be able to send stuff to each other and guarantee the other party will receive the goods and the other the payment? How does this type of thing work? What if someone sends something to a client and doesn't get paid ...or a buyer Pays and doesn't get anything? Also how is this different from things like the evolution marketplace on tor or agora? What will make users from those marketplaces want to use Shadowcash?

My final question is in regards to the wallet. When I hit receive payments it shows my address and my shadow public key...what is the difference ? can I send SDC to either address ?

Anybody know if Isidor Zeuner will also be auditing ShadowChat along with the currency and Shadow Send features?

It can be used for anything.  Soon they will have a decentralized marketplace in the wallet finished called ShadyBay where you will be able to buy or sell anything with complete privacy.  If you want completely anonymous coins, just be wise with how you send them around.  You would probably want to send your coins from coinbase to an exchange, then purchase the SDC.  Then send it from the exchange to your own SDC address.  Once in your own SDC address, you will want to send the coins from SDC to Shadow using that option in your wallet.  SDC is the transparent side of the coin and can be tracked on the blockchain.  But once you convert to Shadow you are basically anonymous.  You may not want to send all the coins to Shadow at once, just send a portion at a time.  You can keep them there or you can turn them back into SDC by sending to a SDC stealth address.  The new SDC will be unlinkable to your original SDC.  You will see the options in the wallet.  You can send from SDC to SDC, or from SDC to Shadow, or from Shadow to Shadow, or from Shadow back to SDC.  When creating an address to make a stealth address just click new address, then click the box that says "stealth address", then click ok.

What will SDC be used for exactly ? What is the most effective way of getting 100% anon shadowcash from the BTC sitting in my Coinbase wallet.

I think that the coins never run out, and the staking just continues at 2% per year forever, if I understand correctly.  The 2% is a reward for helping to secure the network.  When you stake your coins you help the network.  Its true that the inflation will be 2%, which may seem bad to have constant inflation.  But this is kind of different than other inflation that we are used to, because you yourself can stake your coins and receive the 2% as well.  So you are not really losing anything to inflation as long as you stake your coins.

what happens when the coins run out? how does staking work? Also when will SDC dry up

No, you will just get more SDC over time for your staked coins.  Instead of miners minting new coins, they are minted through the staking process.  So say for example if you have 1000 SDC and you stake them in your wallet for 1 year.  Well as I understand by the end of the year you will have about 1020 coins from the staking process, receiving about 2% per year.

Waiiit a min...youre saying by saving my SDC they could potentially DECREASE in value over time if some jackass decides to start hording shitloads as well...is there any incentive to hold these at all...?