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Topic: [SDC] ShadowCash | Welcome to the UMBRA - page 97. (Read 1289635 times)

hero member
Activity: 527
Merit: 500
February 16, 2016, 01:18:24 PM
Hello Shadowers!

Any news lately?

Good to see you all active last days  Roll Eyes
legendary
Activity: 1456
Merit: 1000
February 15, 2016, 09:33:18 PM
I managed 2 rice jokes in the space of as minutes, and both got fucked up. I'm off to Doge.

Pm when zerocash is implemented. No, wait. PM just before the setup to make sure you've nailed the no trust-trust part.
hero member
Activity: 725
Merit: 501
Boycott Qatar 2022
February 15, 2016, 09:16:05 PM
crap

How dare you to come in here and have a go at the community for so called outrageous behavior.  The only outrageous behavior being exhibited around here is from the Monero camp.  The last few pages on this forum is mainly Monero puppet accounts insulting the community and devs.  I am pretty sure most of those puppet acc are yours.  You have zero cred around here so why don't you just do us all a favour and disappear you sleazeball scammer. 
legendary
Activity: 1078
Merit: 1050
February 15, 2016, 09:05:37 PM
...For completeness  Smiley

..

Dude, you completely fucked up my rice joke.

Never make enemies of people on the internet with rice jokes. You're in shit load of hot water now.

True, i did haha sorry.

Look, ill pay your bounty out of the kindness of my heart. 20k sdt?, has to be this week only and has to be completely anonymous  Shocked
legendary
Activity: 868
Merit: 1006
February 15, 2016, 09:04:09 PM

«blablabla»

Please don't post here. You're a known troll (even to moneroers I talked too), and to add to that I still remember well your Front National avatar in november ... you are a disgusting troll

Apart from that, thanks again to Shen for that finding !

I hope the community clashes will stop, and that this event will lead to more cooperation, which is what should prevail in open source communities.
legendary
Activity: 1456
Merit: 1000
February 15, 2016, 09:01:40 PM
...For completeness  Smiley

..

Dude, you completely fucked up my rice joke.

Never make enemies of people on the internet with rice jokes. You're in shit load of hot water now.
legendary
Activity: 1078
Merit: 1050
February 15, 2016, 08:51:44 PM
....We need a full zk release, voice file and video support, a code cleanup, an update to the mobile range, updated pos system ect ect the list goes on.


You went back and faked that. I'm not having it.

And don't bother with mirrors. I can get a guy in India to fake those for a weeks supply of rice.

For completeness  Smiley

I picked up some SDC on the dips  Smiley  but don't have the time to
follow the thread as I would like to.

Could someone inform me of what the next releases will be
and if there is any time line for them the Dev's mentioned.

Much Thanks!

Sincerely,

MM

next release will be zk-snarks (zero knowledge with ring signatures for now)

right now, zk-snarks release is on public test

Sorry mate but this is the fith time i've tried saying this to you lol Its not snarks! Its a zero knowledge proof with a ring signature commitment scheme. Rings are slightly, bloat like. But nothing more then a cryptonote and it can also be pruned later Untill the snark guys, specifically, the killian, micali theory, when it materialises or ryno, techno put in the hard work to realise it first. The solution/refinement to their scheme to remove trusted setup. Currently snarks is a massive compiler with 896mb+  fixed system parameters, a trusted setup. Zerocash use a merkle tree over coin commitment "cm" and zerocoin unusable! ( Zeroverts  implementation still not working properly https://bitcointalksearch.org/topic/m.9628078 Coins going missing!) (Write about that jdebunt!)  As far as i can tell zerovert is pinocchio coin, zerocoin variant using ZK proofs, 344B/spend, but retains other problems. Also spend time grows linearly with number of coins nor will it handle variable denomination, in its current state.

Snarks is nothing short of very very very very very cool. You can search for "pouring" if you can wrap your head around that, you will start to understand just how epic it is. Once the snark or Shadow guys figure out how to set it up without trust it will basically change the way we do a lot of things! And i mean A lot. I MEAN A LOT (mind the dumb and dumber pun)... Depending on what route is taken the chain..ugh.. hard to explain, could be extremely compact only having the coins not spent yet in it. Highly compact wallets. You could even transact off the chain (without having to download it... Once people wrap their head around zk proofs then we will start opening the minds for snarks Smiley

Thanks,... in every sense of saying it Sarcastically!
 Shocked

I appreciate the primer into the tech and now will be looking for the "Dummies" version.
Wish I had some time but this is going to be a tough 2-weeks.

MM


Basically, when polished, things will be closer to instant, more compact, more secure and with less limitations then anything, currently on the market, in development, in this nich. It is also not restricted by its anonymity, there are ways to work with regulation if someone needs it.
sr. member
Activity: 624
Merit: 250
February 15, 2016, 08:49:33 PM
wheatclove: dude nobody cares what you have to say
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
February 15, 2016, 08:34:17 PM
"We would like to say thank you to @ShenNoether for finding the flaw, and the bounty will be paid in SDC at the SDC price before the flaw was revealed to the public. This is the reason we set up the bounty program in the first place, to improve shadow's privacy, usability, etc."

Nice to see Team ShadowCash is doing the right thing and rewarding Shen for his incredibly valuable, fortuitous insight.

The bug bounty is a pittance compared to the actual value of what Shen discovered, but I see it more as an honorarium than an economically competitive motivation.

If Shen wanted to go black hat, he could have made a lot more than the trivial, borderline insulting ~5 BTC being proffered.

Now let's address the outrageous behavior recently exhibited by a segment of the SDC community.

Rather than graciously accept the bug report, too many of them went into knee jerk spams of hand-waving denial.

The excuses for denying Shen his bounty were especially atrocious, as were the attempts to deflect onto Monero responsibility for the unfortunate disclosure (and predictably negative market reaction).

The rude, ignorant people who denied there is a problem (in stark contrast to consensus reality) and sought to heap opprobrium upon Shen for daring to find the issue need to be made persona non grata, or SDC will never recover from the self-inflicted damage that has been done.
legendary
Activity: 1456
Merit: 1000
February 15, 2016, 08:19:26 PM
....We need a full zk release, voice file and video support, a code cleanup, an update to the mobile range, updated pos system ect ect the list goes on.


You went back and faked that. I'm not having it.

And don't bother with mirrors. I can get a guy in India to fake those for a weeks supply of rice.
legendary
Activity: 1078
Merit: 1050
February 15, 2016, 08:11:15 PM
@smooth : Is a quote from 2 years ago still worth something now ?

@coins101 : To answer coins101 on zerocash implementation, it looks the good way to go yes.

From start it has been announced that shadow would prefer a zerocoin implementation over ring signs when that tech will be ready.



I'll accept that as an official bounty award. I'm happy to wait until formal confirmation of the swtich before expecting to collect  Grin

Not that I need the bounty award within the next few days; but, you know  Undecided   My drug dealer is hassling me to pay my bills, so can I tell him he can expect a bunch of SDC from my bounty award, say next Thursday?

Quite a few of us beat you to that one bud.  Wink

So is it true that there is a shadow marketplace coming? I have heard a few things here and there and wanted to know if its true Huh Or just heresay/rumors

Its certainly on the cards and would make a lot of sense but its a MASSIVE undertaking and its down the priority list thats for sure. Its certainly not something you will see before the end of the first quarter of 2016. But you just never know.

We need a full zk release, voice file and video support, a code cleanup, an update to the mobile range, updated pos system ect ect the list goes on.
newbie
Activity: 25
Merit: 0
February 15, 2016, 06:56:02 PM
"We would like to say thank you to @ShenNoether for finding the flaw, and the bounty will be paid in SDC at the SDC price before the flaw was revealed to the public.

So if the price was 0.00025 and is now 0.00014, then he gets paid like 20.000 SDC @ 0.00025 = 5 BTC

That's great, well done.


You've read https://blog.shadowproject.io/2016/02/14/all-is-not-lost. Good for you. Now GTFOH.

This is great too.

Onwards & upwards Smiley
legendary
Activity: 1456
Merit: 1000
February 15, 2016, 06:41:07 PM
@smooth : Is a quote from 2 years ago still worth something now ?

@coins101 : To answer coins101 on zerocash implementation, it looks the good way to go yes.

From start it has been announced that shadow would prefer a zerocoin implementation over ring signs when that tech will be ready.



I'll accept that as an official bounty award. I'm happy to wait until formal confirmation of the swtich before expecting to collect  Grin

Not that I need the bounty award within the next few days; but, you know  Undecided   My drug dealer is hassling me to pay my bills, so can I tell him he can expect a bunch of SDC from my bounty award, say next Thursday?
sr. member
Activity: 498
Merit: 252
Life failures Stealthcoin, Ark coin and Safemoon
February 15, 2016, 10:49:17 AM
stealthcoin anyone?  Grin
it is the only way to recoup your money back. coming soon, stealthsend is solid!
hondo is not picking a fight with you guys for a reason.

You've read https://blog.shadowproject.io/2016/02/14/all-is-not-lost. Good for you. Now GTFOH.

You should think again mate , he was just trying to give you a good advice so please be chill .

oh please, not stealthcoin ... -_-'. I recognize that Monero doing some advertisement here make sense, it's a real project (even if it's not a good way of doing things), but that XST coin, seriously nobody could be THAT panicked to buy that thing ...

nb : The next puppet account that post on stealth will be added to the delete bot.

are you using that stealthcoin delete bot? good for you.
newbie
Activity: 24
Merit: 0
February 15, 2016, 09:42:07 AM

I 'll be waiting at the price of 5000 Wink Wink
legendary
Activity: 868
Merit: 1006
February 15, 2016, 08:56:03 AM
stealthcoin anyone?  Grin
it is the only way to recoup your money back. coming soon, stealthsend is solid!
hondo is not picking a fight with you guys for a reason.

You've read https://blog.shadowproject.io/2016/02/14/all-is-not-lost. Good for you. Now GTFOH.

You should think again mate , he was just trying to give you a good advice so please be chill .

oh please, not stealthcoin ... -_-'. I recognize that Monero doing some advertisement here make sense, it's a real project (even if it's not a good way of doing things), but that XST coin, seriously nobody could be THAT panicked to buy that thing ...

nb : The next puppet account that post on stealth will be added to the delete bot.
legendary
Activity: 3304
Merit: 1202
February 15, 2016, 08:45:19 AM
stealthcoin anyone?  Grin
it is the only way to recoup your money back. coming soon, stealthsend is solid!
hondo is not picking a fight with you guys for a reason.

You've read https://blog.shadowproject.io/2016/02/14/all-is-not-lost. Good for you. Now GTFOH.

You should think again mate , he was just trying to give you a good advice so please be chill .
sr. member
Activity: 624
Merit: 250
February 15, 2016, 07:09:47 AM
code: The incentive of selling bugs to the blackmarket is always bigger and I know that because I've seen the markets for 0day exploits. You're a fool for trying to make the "insider trade" case. Even if it is publicly disclosed, the developers are often the first ones to analyze and debug the case and would still have that "insider trade" edge you're speaking of. Developing a coin needs an incentive, that is often owning an amount of coins themselves. It's a double-edged blade, but if anyone out of this whole project should not end up in-debt it are the developers in my opinion, they deserve a certain degree of risk-free investment because they are the ones actually putting their time into creating it.

I'd also like to say that we feel like we're on good grounds with Shen, and we're not going to combat trolls trying to find yet another thing to fud on. The bounty negotiation is between the team and Shen and answering these crazy accusations of your people is not worth our time. If Shen doesn't agree with our payout then he can speak up for himself.
legendary
Activity: 1708
Merit: 1049
February 15, 2016, 05:29:29 AM
"We would like to say thank you to @ShenNoether for finding the flaw, and the bounty will be paid in SDC at the SDC price before the flaw was revealed to the public. This is the reason we set up the bounty program in the first place, to improve shadow's privacy, usability, etc."

So if the price was 0.00025 and is now 0.00014, then he gets paid like 20.000 SDC @ 0.00025 = 5 BTC which if dumped now, cost 20k SDC x 0.00014 (which it might go down to 0.00010 due to the dumping) = 2.8 to 2 BTC actual reward.

Thats minus -2.2 to -3 BTC for the reward.

Now, I understand that some level of responsibility must be demonstrated in these things, but on the other hand if such information is first received by a core team which may also be SDC holders then this could result in SDC dumps by the core-team holders first to preempt the public investor dumping. In a sense the bounty, in that case, is the cost of an inside info on when to dump.

Plus if a bug finder has to lose money if he reports a bug, then that's a disincentive to report it and more incentive to sell it in a black market... "hey, SDC deanonymization key only 10 BTC for the whole chain". That should not be the first option of a bug finder.
hero member
Activity: 671
Merit: 505
February 15, 2016, 02:18:11 AM
stealthcoin anyone?  Grin
it is the only way to recoup your money back. coming soon, stealthsend is solid!
hondo is not picking a fight with you guys for a reason.

You've read https://blog.shadowproject.io/2016/02/14/all-is-not-lost. Good for you. Now GTFOH.
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