Topic: [SDC] ShadowCash | Welcome to the UMBRA - page 56. (Read 1289635 times)

Im still here

code: Hi Automatic Monkey,

I swiftly looked for your idea and quickly realized what you were aiming for. The golden standard for asynchronous encrypted messaging solutions is Signal's protocol, which provides both future secrecy and forward secrecy. In general you could say that it's combination of OTR's ratchet and SCIMP (Silent Circles Instant Messaging Protocol). I can provide you with more information about that, I've studied it for some time now.. The hardest part is integrating it securely, you don't want to constantly write temporary keys to persistent storage And Bitcoin is more like: 'write all keys to storage so we never lose one'..

I had a crazy idea last night about how to make Shadowsend messages invulnerable to future decryption by other than the recipient.

The weakness is that all nodes on the network receive all messages. So the spy could be receiving and recording all of them, unable to decrypt them now, but in 10 or 1000 years from now, maybe.

A one-time pad is a very old, low-tech, and unbreakable for of encryption, unbreakable because the key is longer than the message and using any of the possible pads can make the coded message decrypt to any clear message you want. The weakness there is that the OTP is a private key and both parties have to have prior contact to exchange the key.

So what if... when one wallet sends a Shadowsend message to another, it also send a OTP (also encrypted with Shadowsend), to the recipient along with a few hundred other random nodes, and the OTP is used in addition to the public-key encryption to encrypt and decrypt the message? Nodes other than the intended recipient would ignore it just like any other Shadowsend message. The chances of the spy intercepting both the message and the OTP are low, and he would need to defeat the public-key encryption on both to read the message.

In addition to this, all online wallets would randomly send out random OTP's to random nodes on the network, so most of the pads the spy would be intercepting would be garbage but he would have to decrypt them all anyway, not knowing which ones are garbage and which can be used to decrypt a real message.

Of course users exchanging very sensitive information are already able to send each other a pad ahead of time using Shadowsend, but having random wallets also doing it randomly would add a twist that makes it much more complicated to defeat.

Hey guys, you're probably going to get more from the Shadowcash Twitter than you are here. Its good to see enthusiastic tweets https://twitter.com/SDCoin


The longer the silence, the bigger the news.

I'm sure he won't until it is as good as he can make it. I would expect nothing less.

Great time to buy up more SDC...

Still here, just had a lot going on. Patiently waiting for the big event. 

So quiet in here....

Where are you, Aphrodite? 

code: One of the major advantages is our API, it's a very powerful way conmect custom software to our marketplace, creating a way to easily automate digital content delivery, helpdesks and even secure IoT devices.

The communication through the wallet is very important. I consider one of the biggest flaws of Bitcoin to be the inability to communicate with your trading partner or attach information to a transaction. It makes retail use cumbersome.

Of course we are going to have to wait to see Aphrodite to determine what it can actually do, and then there is the process of testing it in the real world, lots of independent observers who can see how powerful the anonymity really is, just like what we went through with the coin itself. But if the API is there, I foresee a lot of people writing their own applications to do their own thing with it.

I think that when the new GUI is released, the PR team should really get the message out about the shadow chat option. It's really awesome as a standalone but coupled with the eventual marketplace, it's nice to have truly anonymous transactions with truly anonymous communications. One of the more popular anonymous crypto currencies devs even proposed a merger with Shadowcash because of the innovation and talent. Google it. In my opinion, Shadowcash devs are very meticulous about giving people all their desires and tools in one neat package. It's going to be the Swiss Army knife of crypto. Ive been part of the sdc community for a year now and nothing happens fast enough for me. Then I went to the Shadowcash website and looked at the body of work that has been accomplished in 2 years. Including fixing a devastating de-anonymizing bug and a bug bounty was paid to the finder, and rightly so. The devs are passionate, talented and know this long process is necessary and worth it. I hardly ever get on here as my stats might show, but it's hard for me to believe that people aren't seeing the future potential here. It's like I have insider trade information but I'm really just looking at the sneak peeks, reading the blogs and talking to the sdc community.

W

edu-online: Anyone ever realize that Aphrodite will already bring exactly what people have been waiting for? A secure and easy to use platform to transact and communicate anonymously. The MP will finish things but Aphrodite alone is more then enough to run a business without any outside interference. It's all about being able to communicate and transact. Having a trustless and anon MP is nice, but if you communicate trough whatsapp or slack its worthless. That is why sdc devs have chosen to finish and implement a secure and easy to use chat system first, together with ShadowSend, it will be a finished product. Even without the marketplace. Food for thought...

I really like where this conversation is going. I also have followed SDC from near inception. I've always thought the idea and style were amazing. Plus new features like Aphrodite are going to have a massive impact because people are sick of centralized message boards and ultra insecure slack.

This is not a day trading project. The coin is intended for a future where SDC is the standard for confidential transactions, with a market built into the wallet which uses only SDC and allows users to bypass standalone dark markets, which have put a few people in prison.

I assume the devs have as much holdings as anyone and want as much as anyone to realize that future. I'll ride with them, in the back seat, and we get there when we get there.

I say starting with the next update in the coming weeks people will see this is one of the more legitimate projects out there.  The dev team has been devoted to it for over 2 years now, which is a claim to fame in this industry, and will continue to be into perpetuity -- along with new devs that come and pick up the ropes as well.

I've been following this project for over a year now and can already begin to see the momentum picking up with it.  The upcoming plans and roadmap for the next few months are impressive to say the least.  I'm invested in over 10 other projects that i've poured countless hours and bitcoin into researching and following and this one I believe is among the top 2, easily, as far as potential and future expected growth.  This is what I do for a living, finding high potential projects and assets to invest in, so i'm not just blowing smoke.  

When do you expect the market to start treating it that way? right now, it looks awfully dead.

I've made more money in crypto currency than I ever made in stocks. I got in very early on most of them. From a technical standpoint SDC outshines them all. It is still an undiscovered gem, and has given many of us an opportunity to accumulate at bargain prices for an extended period. I also like that this is a very rare coin.
I'm still amazed that SDC is as cheap as it is. I have advised my family and friends to own some, because in my opinion a few hundred bucks isn't much of a risk. As long as Ryno loves what he is doing, I have great faith in our future.

Yeah, I remember my broker telling me gold and silver were risky back in 2004. Glad I didn't listen.  

Oh, and I would never call long term investors freeloaders. In fact it is just the opposite. I just don't like to hear people complain that someone else isn't working hard enough, or won't give them a concrete deadline.

And I do understand what you're saying about the risk in crypto currency. Equally you can't make big money without extreme volatility. With Bitcoin and most of the better alt-coins that volatility has been upward for the long term.

Trust me you don't have to convince me it's a good play.  I run a wealth management firm and a hedge fund, I eat sleep and breath this stuff. SDC is my favorite project i've come across; if you look at wallet #1 on that list, you'll see yours truly.  When I see an investment I believe in, I put my (and investors') money behind it. I'm very excited for where things are headed with Shadow, and i'll be involved in the community into perpetuity.

Everyone's risk tolerances are different, but to the general investing world alt coins are still seen as extremely high risk -- they're not something Edward Jones is going to put their clients in.   

I agree with your assertions on penny stocks vs cryptocurrencies.  There's a reason I traded penny stocks in my dorm room years ago and haven't touched them since; cryptocurrencies on the other hand, I will play in all day. Regardless, when someone chooses to invest in a project for the long run they're risking capital and possible opportunity cost (ETH, NXT, NEM, etc, etc.), so in my mind it's certainly no free lunch.  I gladly welcome people to support Shadow in any way they can, but investing long term is not being a freeloader, in my opinion. 

I have traded stocks, bonds, mutual funds, stock options, gold, silver, and many other stores of value. I have had more free lunches in this realm than any of them, and it is my guess we are still far closer to the beginning of the crypto scene than anyone imagines. I might also mention the amounts of money generally risked in crypto are closer to penny stocks at this point. The entire market cap for all crypto currencies is dwarfed by penny stocks.

There are very few penny stocks in my opinion that offer the same possible risk to reward ratio of SDC with similar stability. With a current price of around a quarter, I would like to see a list of similar penny stocks with as much stability as SDC. The average investor isn't risking much. That can be proven here. https://chainz.cryptoid.info/sdc/#!rich
If you take into account the value of all wallets, you come up with about $282 risked on average. Not exactly what I would call extremely high risk. 

I would also mention that I made over 30% today on HTBX, but that was after holding a loss of 50% for many weeks.