Topic: Stealthcoin price target is $5 per coin (Read 4455 times)

I think the Stealthsend is not decentralized

StealthCoin Mention on DeepDotWeb - the media hub for underground commerce!

Article Link: http://www.deepdotweb.com/2014/09/18/can-anoncoin-be-the-currency-of-the-deep-web/

A Dark Horse

Many question why ring signatures are not simply added to Bitcoin’s codebase. According to Bitcoin core developer gmaxwell, ring signatures are possible, but present challenges. A new arrival in the arena of anonymous crypto-currences, StealthCoin (XST), promises to add ring signatures to the Bitcoin codebase with StealthSend, which is still in development. According to the StealthSend whitepaper (https://www.dropbox.com/s/do4urdefwoungjz/Stealthsend-Whitepaper-Brief-201409.pdf?dl=0), StealthSend transactions using ring signatures of 100 keys will only require about one third the space of similar CryptoNote transactions, but give the same level of privacy protection. This savings is achieved through the use of the use of so-called “Chandran Signatures”, and innovations related to the selection of the keys used for the ring signatures. In StealthSend, key selection is based on four numbers: two random numbers (called “nonces”), one number that reduces the difficulty of selecting the keys by specifying a subset of all possible keys, and one number to specify the size of the ring. Thus, the nonce key selection specifies any set of randomly selected keys using only 32 bytes of storage.Applied to CryptoNotes, the nonce key selection proposed for StealthSend would lead to a space savings of about 30% for future transactions.

If successful, Stealthsend will have an obfuscated blockchain similar to CryptoNotes while utilizing the well established bitcoin protocol. Additionally, it will also offer a significant reduction in storage.
To avoid the memory-expensive proofs required by an anonymous proof-of-stake coin, StealthSend will be a proof-of-work coin. StealthSend coins will be created by rewarding holders of StealthCoin at a 1:1 ratio in a proof-of-burn conversion. In other words, to get one StealthSend coin, a StealthCoin holder would have to burn one StealthCoin. After the proof-of-burn conversion, the remaining 15% of the total money supply will be emitted via proof-of-work, using a smooth emission algorithm.
Website – http://stealth-coin.com
Wallet – https://drive.google.com/file/d/0B8rWObF4xz1YWHdhNlVHcWJ5dWM/edit?usp=sharing
Source Code – https://github.com/StealthSend/Stealth/

Decentralized Dark Markets

In addition to Stealthsend, the Stealthcoin team recently announced that they plan to support Open Bazaar, which is an anonymous, decentralized marketplace. With the closings of Silk Road and many other Bitcoin commerce sites, a decentralized solution to an anonymous marketplace would fill an important niche.

Open Bazaar promises to be such a solution. It is an open-source project touting many innovations that improve on traditional markets, including a reputation system based on proof-of-burn pledges, which allow users to burn Bitcoin in exchange for reputation. Released under the permissive open source MIT License, the Open Bazaar project plans to launch before the end of 2014.

.



https://www.youtube.com/watch?v=AUN4K72cv10&feature=youtu.be

Open Bazaar Update

Traders on underground “Dark” markets in the crypto-currency space face the constant risk of their marketplace of choice being shut down, and coins subsequently lost.

This risk is related to the centralization of these marketplaces. With this model, users face fees and regulations and must trust the platform itself. With abundant failed examples like Silk Road in the underground markets and Mt.Gox in the crypto-exchange sphere, it’s clear centralization is not the answer.

Fortunately, with peer-to-peer transactions made possible by cryptocurrencies, a truly decentralized platform is within reach.

Open Bazaar, an upcoming decentralized network for free commerce, is open-source and currently in beta. Sometime in December, we’re planning to launch our own iteration of Open Bazaar exclusive to StealthSend/StealthCoin.

Benefits of the Open Bazaar platform:

-Completely anonymous, if so desired (compatible with Tor and I2P)
-No fees
-”Reputation Pledges” based on proof-of-burn, a method by which crypto-currency is purposely destroyed to aid in establishing the one’s commitment to the platform.
-Trust Ratings
-Arbitration system & Ricardian Contracts Generator for special deals
-Encrypted messaging and chat

We’ve also been contacted about an upcoming article on one of the most prominent DarkNetMarkets media portals that will discuss StealthSend, and the future role of anonymous cryptocurrency in DarkNet marketplaces.

We look forward to serving our user’s interests in their privacy and their freedom to buy and sell goods online!

You're joking, right?  XST and SSD both share a lot.  If anyone was "dumping" XST into SSD you'd see more than 10btc volume/day.  I'd hardly consider that significant at this point.  Move along troll.

OP is delusional.

OP is delusional.

By this phrase we realized that the only dumper here is you and now you seem to be trying to spread fud to repurchases cheap coins.

I stop caring after sold my coin, because I am already on profit.
But I still like XST technology, but I decided I will not going to buy even single
coin doesn't matter how much it will pump.