Syscoin vs Bitbay, SYS winz 
The battle has not even begun yet.
Topic: Syscoin vs Bitbay - page 3. (Read 13082 times)
The battle has not even begun yet.
Syscoin vs Bitbay, SYS winz
The battle has not even begun yet.
Syscoin vs Bitbay, SYS winz
The battle has not even begun yet.
Syscoin vs Bitbay, SYS winz
@dzimbeck
Thank you for continuing your work in this crypto cesspool of bullshit.
It takes a strong man to stand up to all the crap that was thrown your way and it would have been easy for you to give up and walk away, but you didn't. I really hope your work pays off for you one day because you deserve it. Good luck.
Thank you for continuing your work in this crypto cesspool of bullshit.
It takes a strong man to stand up to all the crap that was thrown your way and it would have been easy for you to give up and walk away, but you didn't. I really hope your work pays off for you one day because you deserve it. Good luck.
Thanks that means a lot.
Its a lot of work but in the end it could very well be worth it.
@dzimbeck
Thank you for continuing your work in this crypto cesspool of bullshit.
It takes a strong man to stand up to all the crap that was thrown your way and it would have been easy for you to give up and walk away, but you didn't. I really hope your work pays off for you one day because you deserve it. Good luck.
Thank you for continuing your work in this crypto cesspool of bullshit.
It takes a strong man to stand up to all the crap that was thrown your way and it would have been easy for you to give up and walk away, but you didn't. I really hope your work pays off for you one day because you deserve it. Good luck.
I'm going to stand by my convictions that to be anonymous you need mesh networks. Using a custom dish to get nearby wifi would certainly help.
It's already clear that with surveillance peoples first response is to hide. Personally I think people should fight back. We have been reduced to a nation of cowards. People should start doing mesh and forgoing the ridiculous IP protocol. Or maybe millions should storm the Whitehouse haha
By the way all Cisco routers have back doors. And unless you are on a super secure Linux.
And there is no guarantee that the hardware isn't designed with back doors making Linux unsafe. Paranoia has no limits therefore perhaps people should defiantly resist.
It's already clear that with surveillance peoples first response is to hide. Personally I think people should fight back. We have been reduced to a nation of cowards. People should start doing mesh and forgoing the ridiculous IP protocol. Or maybe millions should storm the Whitehouse haha
By the way all Cisco routers have back doors. And unless you are on a super secure Linux.
And there is no guarantee that the hardware isn't designed with back doors making Linux unsafe. Paranoia has no limits therefore perhaps people should defiantly resist.
Can you explain how you would do it? So first you would mandate a service like imgur to give up the IP's of visitors going to some image... ok so you got a visitors IP... now how would you relate that to some person who accepts an offer? What if that person uses another computer at another time to accept the offer that doesnt visit the image URL? So you have an IP, you are going to track this person who may be sitting in a public setting say Starbucks to do business? the messages are still encrypted and can point to a meeting place or a destination for cargo that an eavesdropper can't read.
Like I said its very far fetched... and something you should not be worrying about at this point. That's assuming no TOR... and with TOR improving in the future it makes it even more far fetched... bottom line is.. if you are doing something frisky and your not supposed to, use a public computer! why would you use your personal computer at home for doing such a thing anyway? The key is to send encrypted syscoin messages for actual instructions.
In software there is a standard golden rule called "seperation of concerns" and by imposing privacy measures which are aggegrated and not needed for 99% of the use-cases you are not only complicating things where they don't need to be but are making things less efficient and more prone to vulnerabilities to your system as a result because of more moving parts. SDC has already been hacked once, maybe it will be hacked again. Once you claim your 100% anon, it just takes one example to turn the whole project on its head and for what 1% of the use-case? Doesn't make sense. I already know what you are thinking now, and like I said to you before we have clearly different goals. Your goal is to become the defacto ANON decentralized marketplace, and ours is to become the defacto decentralized marketplace... you are targeting a subset of users while we are leveraging blockchain technology to reach out to an exponentially larger audience.
Like I said its very far fetched... and something you should not be worrying about at this point. That's assuming no TOR... and with TOR improving in the future it makes it even more far fetched... bottom line is.. if you are doing something frisky and your not supposed to, use a public computer! why would you use your personal computer at home for doing such a thing anyway? The key is to send encrypted syscoin messages for actual instructions.
In software there is a standard golden rule called "seperation of concerns" and by imposing privacy measures which are aggegrated and not needed for 99% of the use-cases you are not only complicating things where they don't need to be but are making things less efficient and more prone to vulnerabilities to your system as a result because of more moving parts. SDC has already been hacked once, maybe it will be hacked again. Once you claim your 100% anon, it just takes one example to turn the whole project on its head and for what 1% of the use-case? Doesn't make sense. I already know what you are thinking now, and like I said to you before we have clearly different goals. Your goal is to become the defacto ANON decentralized marketplace, and ours is to become the defacto decentralized marketplace... you are targeting a subset of users while we are leveraging blockchain technology to reach out to an exponentially larger audience.
So first you would mandate a service like imgur to give up the IP's of visitors going to some image
LOL, you're seriously thinking that a mandate is needed to get that information? Quite a few agencies around the world are participating in mass surveillance, they collect EVERYTHING.
now how would you relate that to some person who accepts an offer?
You would look up the node in the syscoin network and hijack its peer list by sending out a bunch of IPs ran by malicious nodes.
Anything that goes in and out of that node, you know it. Filter out the escrow transactions and link it to the offer.
you are going to track this person who may be sitting in a public setting say Starbucks to do business?
Well if he uses his own computer the above mentioned attack would persist on his system unless he deletes the peer.dat file.
The only way to prevent it is by using a new computer, and are you REALLY going to download the whole sys blockchain on a public computer? Are you really thinking any sane person would do that?
why would you use your personal computer at home for doing such a thing anyway?
Because people are lazy, stupid or tricked by false promises that sys protects their privacy.
I agree, the attack is far fetched and the chances that at this very moment anyone caring about transactions happening on sys is close to 0.
But some governments collect everything and the blockchain does that for you too. Makes it easy for correlating things, sys is doing mass surveillance a pleasure by timestamping and authenticating everything so neatly
There are other attacks that I have in the back of my mind, but I have given you enough of my time and advice. You should start paying me for this to be honest!
imposing privacy measures which are aggegrated and not needed for 99% of the use-cases you are not only complicating things
A human without privacy is a powerless entity. The world is full of sheep putting every piece of their life on facebook, basically doing the things spies used to do 30 years ago.
History has worked so well for us because we as the people had privacy and thus power to change things. Now we're trusting the internet with our data like there is no harm to it, even with the recent snowden leaks.
We had a bug in our key image, which is a pretty important part in ring signatures. That has been fixed, the bug bounty program was there for a reason, to motivate researchers to attack our system to help us harden it. We're not going to act like we didn't expect things like this to happen. I have reviewed the ring signature cryptography and it is now fully compliant with the scheme proposed by Adam Back. I'm fairly confident that in terms of cryptography it is secure to modern standards.
We have our bugs and flaws, just like any open source project. If you think sys is free of those then you're being arrogant. I don't see sys having a bug bountry program in place? There is nobody on the world inspecting your code.
Don't forget, your project is still young and fragile. It only takes one clone and a ton of marketing money to destroy sys at once.
So you would get an IP for someone who clicked a link and then spam his node to see if he's running syscoin (you have to hope hes on a default port which is probably isn't) and then basically watch for a relay message that is for an offeraccept of the item in question... that way you can track the BUYER.. you can't get the seller. So you solve only half the problem and you can't prove that the person isn't just sending coins and not getting delivery because that happens outside the system and communication done through encrypted messages. I still find it very unlikely any agency will be able to find out who's who to track these people to their location. Those that will conduct business in this way have to take simple measures to make it increasingly difficult to track....
We actually had a bug bounty program i think it was $5k (obviously wasn't broken) and we also got a code review done by Bryce Weiner who said "it looks very awesome" with some semantics like variable naming as things to update. Sebastien Schepis who created the initial design for Syscoin also reviewed the code and thinks it looks great. Saying nobody in the world is inspecting your code is arrogant of yourself especially coming from someone who keeps things private and closed source lol! I'm developing in the open and im sure there are other people reading it especially since my commits are logged in slack every time I push. The design was reviewed by Vitalik Buterin who I am in contact with regularily.. actually hes the one who pushed me for AE instead of DDE and we are on the same wave-length... I may do DDE still for 2.1 depends on timeline.
Again Syscoin is not condoning darkmarkets and not saying your IP is private just like Bitcoin is not saying that... we provide a tool built-in called TOR and if you know how to use it you can do your best to hold your anonymity but we don't guarantee it... something you are claiming with your technology that has been broken already. It's a problem i'm not willing to take on to target 1% of the audience especially because you need a full on cryptographer to really understand what's happening on the lowest level, I think to be taken seriously as anon you will need to have one or a team of actually cryptographers who know what they are doing instead of copying from other projects. Again its a business decision that doesn't make much sense currently.
You can correlate all you want, the core benefit of a decentralized marketplace is being able to open your trade to a wider audience with little to no fees and not have to worry about backups and/or hosting of that data. A subset of users will care about evading taxes and darknet offers but when technology exists that lets you plug in to bitcoin to do that (a better TOR) then we will easily migrate it over to Syscoin because of the way I developed Syscoin 2 keeping portability in mind.
Cloning is encouraged! take a look at the unit tests and you can extend functionality pretty easily... I tend not to think like you because I'm open source while your stuff is not... you're scared of a "first-to-market" hit while I know that if someone clones it will benefit Syscoin. Any marketing they do will indirectly benefit marketcap for Sys.
I never said Sys is free of bugs.. take a look at the open issues theres tons... but I am not a cryptographer so I don't have to worry about bugs in the core related to cryptography. I know if I just copied that stuff I won't be able to support it or make it flexible enough for what I wanted to do in Sys. You do have to wrry about these things.. its your core goal. So your project requires intensive cryptographic knowledge and anyone not trained formally in the area will i'm afraid be developing something that will most likely be compromised (it already has). Sure it's been fixed, but how can we be sure it won't break again (coming from someone who doesn't know or doesn't care about anon as much as you?). You can't. It's one less thing to worry about for me.. when the time to care for it arrives, I will look for things already developed like Tor to solve the problem.
For me, I only have to worry about the layer above which is crypto agnostic for the most part but blockchain oriented, so I gotta pay attention to security but in the mindset of not allowing services to be used in an unintentional manner ie: taking money from an offer that's not yours, or sending a message to an alias impersonating someone else. This is the value add im bringing to the blockchain world and I can say I'm trained to do such work because its not specialized in a field I do not know. Sure you can learn it, but you can only learn so much from the internet unless your IQ is 160 like Vitalik.
Can you explain how you would do it? So first you would mandate a service like imgur to give up the IP's of visitors going to some image... ok so you got a visitors IP... now how would you relate that to some person who accepts an offer? What if that person uses another computer at another time to accept the offer that doesnt visit the image URL? So you have an IP, you are going to track this person who may be sitting in a public setting say Starbucks to do business? the messages are still encrypted and can point to a meeting place or a destination for cargo that an eavesdropper can't read.
Like I said its very far fetched... and something you should not be worrying about at this point. That's assuming no TOR... and with TOR improving in the future it makes it even more far fetched... bottom line is.. if you are doing something frisky and your not supposed to, use a public computer! why would you use your personal computer at home for doing such a thing anyway? The key is to send encrypted syscoin messages for actual instructions.
In software there is a standard golden rule called "seperation of concerns" and by imposing privacy measures which are aggegrated and not needed for 99% of the use-cases you are not only complicating things where they don't need to be but are making things less efficient and more prone to vulnerabilities to your system as a result because of more moving parts. SDC has already been hacked once, maybe it will be hacked again. Once you claim your 100% anon, it just takes one example to turn the whole project on its head and for what 1% of the use-case? Doesn't make sense. I already know what you are thinking now, and like I said to you before we have clearly different goals. Your goal is to become the defacto ANON decentralized marketplace, and ours is to become the defacto decentralized marketplace... you are targeting a subset of users while we are leveraging blockchain technology to reach out to an exponentially larger audience.
Like I said its very far fetched... and something you should not be worrying about at this point. That's assuming no TOR... and with TOR improving in the future it makes it even more far fetched... bottom line is.. if you are doing something frisky and your not supposed to, use a public computer! why would you use your personal computer at home for doing such a thing anyway? The key is to send encrypted syscoin messages for actual instructions.
In software there is a standard golden rule called "seperation of concerns" and by imposing privacy measures which are aggegrated and not needed for 99% of the use-cases you are not only complicating things where they don't need to be but are making things less efficient and more prone to vulnerabilities to your system as a result because of more moving parts. SDC has already been hacked once, maybe it will be hacked again. Once you claim your 100% anon, it just takes one example to turn the whole project on its head and for what 1% of the use-case? Doesn't make sense. I already know what you are thinking now, and like I said to you before we have clearly different goals. Your goal is to become the defacto ANON decentralized marketplace, and ours is to become the defacto decentralized marketplace... you are targeting a subset of users while we are leveraging blockchain technology to reach out to an exponentially larger audience.
So first you would mandate a service like imgur to give up the IP's of visitors going to some image
LOL, you're seriously thinking that a mandate is needed to get that information? Quite a few agencies around the world are participating in mass surveillance, they collect EVERYTHING.
now how would you relate that to some person who accepts an offer?
You would look up the node in the syscoin network and hijack its peer list by sending out a bunch of IPs ran by malicious nodes.
Anything that goes in and out of that node, you know it. Filter out the escrow transactions and link it to the offer.
you are going to track this person who may be sitting in a public setting say Starbucks to do business?
Well if he uses his own computer the above mentioned attack would persist on his system unless he deletes the peer.dat file.
The only way to prevent it is by using a new computer, and are you REALLY going to download the whole sys blockchain on a public computer? Are you really thinking any sane person would do that?
why would you use your personal computer at home for doing such a thing anyway?
Because people are lazy, stupid or tricked by false promises that sys protects their privacy.
I agree, the attack is far fetched and the chances that at this very moment anyone caring about transactions happening on sys is close to 0.
But some governments collect everything and the blockchain does that for you too. Makes it easy for correlating things, sys is doing mass surveillance a pleasure by timestamping and authenticating everything so neatly
There are other attacks that I have in the back of my mind, but I have given you enough of my time and advice. You should start paying me for this to be honest!
imposing privacy measures which are aggegrated and not needed for 99% of the use-cases you are not only complicating things
A human without privacy is a powerless entity. The world is full of sheep putting every piece of their life on facebook, basically doing the things spies used to do 30 years ago.
History has worked so well for us because we as the people had privacy and thus power to change things. Now we're trusting the internet with our data like there is no harm to it, even with the recent snowden leaks.
We had a bug in our key image, which is a pretty important part in ring signatures. That has been fixed, the bug bounty program was there for a reason, to motivate researchers to attack our system to help us harden it. We're not going to act like we didn't expect things like this to happen. I have reviewed the ring signature cryptography and it is now fully compliant with the scheme proposed by Adam Back. I'm fairly confident that in terms of cryptography it is secure to modern standards.
We have our bugs and flaws, just like any open source project. If you think sys is free of those then you're being arrogant. I don't see sys having a bug bountry program in place? There is nobody on the world inspecting your code.
Don't forget, your project is still young and fragile. It only takes one clone and a ton of marketing money to destroy sys at once.
I dont use centralized servers for anything how many times do i need to repeat that? I only use one for images fpaste which is optional.
So that is total fud. (if its not then explain where ip leaks in BitBay)
So that is total fud. (if its not then explain where ip leaks in BitBay)
I was referencing to the images being hosted on centralized servers which leaks the ip addesses of visitors to an offer.
All that data is collected and stored and thus an infringement on privacy in my opinion.
I evaluate other systems on the standards we've set for designing ours. We might be paranoid in that field, but it's a healthy one.
sickandtired is one of those mentally ill fudsters, trying to start fires where there aren't any to be found.
Like I said its very far fetched... and something you should not be worrying about at this point. That's assuming no TOR... and with TOR improving in the future it makes it even more far fetched... bottom line is.. if you are doing something frisky and your not supposed to, use a public computer! why would you use your personal computer at home for doing such a thing anyway? The key is to send encrypted syscoin messages for actual instructions.
In software there is a standard golden rule called "seperation of concerns" and by imposing privacy measures which are aggegrated and not needed for 99% of the use-cases you are not only complicating things where they don't need to be but are making things less efficient and more prone to vulnerabilities to your system as a result because of more moving parts. SDC has already been hacked once, maybe it will be hacked again. Once you claim your 100% anon, it just takes one example to turn the whole project on its head and for what 1% of the use-case? Doesn't make sense. I already know what you are thinking now, and like I said to you before we have clearly different goals. Your goal is to become the defacto ANON decentralized marketplace, and ours is to become the defacto decentralized marketplace... you are targeting a subset of users while we are leveraging blockchain technology to reach out to an exponentially larger audience.
I dont use centralized servers for anything how many times do i need to repeat that? I only use one for images fpaste which is optional.
So that is total fud. (if its not then explain where ip leaks in BitBay)
So that is total fud. (if its not then explain where ip leaks in BitBay)
I was referencing to the images being hosted on centralized servers which leaks the ip addesses of visitors to an offer.
All that data is collected and stored and thus an infringement on privacy in my opinion.
I evaluate other systems on the standards we've set for designing ours. We might be paranoid in that field, but it's a healthy one.
sickandtired is one of those mentally ill fudsters, trying to start fires where there aren't any to be found.
I dont use centralized servers for anything how many times do i need to repeat that? I only use one for images fpaste which is optional.
So that is total fud. (if its not then explain where ip leaks in BitBay)
So that is total fud. (if its not then explain where ip leaks in BitBay)
Shadow fights every other project they see, only shows they have the time and nothing going on
They just keep throwing dirt to any other project just to try get some pr and attention.
https://i.imgur.com/6rCZEPI.png
They just keep throwing dirt to any other project just to try get some pr and attention.
https://i.imgur.com/6rCZEPI.png
And omg that chart ha-ha wow.
Yeah binary options similar to barter in style.
Deposits serve as insurance in a sense disincentive. It should exceed the value of the bet by double since sore losers won't wanna pay out.
Like munti said this is the perfect use case for Python contracts so the option is automated.
Yeah binary options similar to barter in style.
Deposits serve as insurance in a sense disincentive. It should exceed the value of the bet by double since sore losers won't wanna pay out.
Like munti said this is the perfect use case for Python contracts so the option is automated.
Interesting! Btw, I used to be a goldbug...
Gold is great but the supply is artificially limited. Govt has 99.99999%. Of the gold.
Best that people find new gold or invest in food and water
And omg that chart ha-ha wow.
Yeah binary options similar to barter in style.
Deposits serve as insurance in a sense disincentive. It should exceed the value of the bet by double since sore losers won't wanna pay out.
Like munti said this is the perfect use case for Python contracts so the option is automated.
Yeah binary options similar to barter in style.
Deposits serve as insurance in a sense disincentive. It should exceed the value of the bet by double since sore losers won't wanna pay out.
Like munti said this is the perfect use case for Python contracts so the option is automated.
Interesting! Btw, I used to be a goldbug...
And omg that chart ha-ha wow.
Yeah binary options similar to barter in style.
Deposits serve as insurance in a sense disincentive. It should exceed the value of the bet by double since sore losers won't wanna pay out.
Like munti said this is the perfect use case for Python contracts so the option is automated.
Yeah binary options similar to barter in style.
Deposits serve as insurance in a sense disincentive. It should exceed the value of the bet by double since sore losers won't wanna pay out.
Like munti said this is the perfect use case for Python contracts so the option is automated.
And with my example EURUSD contract bet above. I have the ability to create a 100% guaranteed stop loss trigger.
No brokerage house can do that!
Trust me! It didn't happen in this example!
No brokerage house can do that!
Trust me! It didn't happen in this example!
Damn it! I lost my EURUSD bet. 
If i don't pay up the difference I risk losing 99% more.
Oh well. No way to renege now.
My counterparty just earned price difference of .7% from escrow negotiated starting price based on a 15000 Bay deposit. So I own him 105 BitBays and since I lost I cover the anti-dust fee.
So should I pay him the 105 Bays or should I renege and lose 15,000 Bays?
I think I'll pay.
Up next... wanting to go hot and heavy on a "long" position based on a Cisco hunch and backed by DDE tech....
If i don't pay up the difference I risk losing 99% more.Oh well. No way to renege now.
My counterparty just earned price difference of .7% from escrow negotiated starting price based on a 15000 Bay deposit. So I own him 105 BitBays and since I lost I cover the anti-dust fee.
So should I pay him the 105 Bays or should I renege and lose 15,000 Bays?
I think I'll pay.
Up next... wanting to go hot and heavy on a "long" position based on a Cisco hunch and backed by DDE tech....
Are you planning to set up a Website so that others can place bets like you're doing?
I'm very serious about this question. You've just tapped into a potentially huge use case for Bitbay: binary options in a more-or-less trustless environment.
Glad someone else sees the potential as well. Yeah, this is just the beginning! DDE could give a whole new outlook to binary options trading. It's got a bad track record plagued with fraud and scams.
Yet this will work with almost anything investors currently trade in.
The best part about it is that it's flexible. I understand the concept to want it integrated into a website, yet that would have to be backed by servers; I have no problem with that. Yet with the client and it's built-in IRC chat, there always a peer2peer alternative that can't be shut down. As such a community grows it would link up traders with the ability to set-up private trade contracts delivered directly to their counterparty's client via their bitbay address, bitmessage address, or email address.
So for example if you wish to be private, you could lurk the irc chat box. If someone posts they want to short gold, yet you think it's going to go up, you could send that person your contract direct and he'd have the ability to counteroffer (if you give him that option) or just deny you all together; he might not like your reputation for that matter, or is waiting for a better deal to show up.
The best part about it is:
1) There's no middleman commission fee to deal with. With BitBay's antidust fee and automated adjustable tx fee for miners, a 10,000 coin DDE contract and if for example BitBay was post peg and worth 1 cent, you'd have to pay a total fee to the miners of .000405 Bays or .0000041 cents to post.
2) The more DDE is used by merchants and investors, the more coins are locked in escrow. If investors jumped on board with this, the hardest part we'd have with the decentralized peg is trying to stabilize the price from going up too high too fast because of the lack of liquid coins on the market!
Are you planning to set up a Website so that others can place bets like you're doing?
I'm very serious about this question. You've just tapped into a potentially huge use case for Bitbay: binary options in a more-or-less trustless environment.
I'm very serious about this question. You've just tapped into a potentially huge use case for Bitbay: binary options in a more-or-less trustless environment.
I'm not familiar with the binary options market. How fast does a trading platform need to be for it to work there?
Essentially, binary "options" are bets on a future market price. For example, "Will Gold Be US$1275 or above on May 21 at 1500 GMT?" If it is, then the "Yes" wins; if not, the "No" wins.
Speed of the trading platform wouldn't be an issue because the bet would have to be closed off some time before the deadline, else it's too easy for one side to win.
Well, then I guess that is a perfect use case for BitBay. It is as you have seen already possible to do today. However, we have two things on roadmap that can improve it a lot.
1. API. With that in place it's easy to build web based solutions.
2. Phyton contracts. You will be able to write your own p2p phyton contracts automating the whole process. You could use inputs from markets to autoclose etc.
Are you planning to set up a Website so that others can place bets like you're doing?
I'm very serious about this question. You've just tapped into a potentially huge use case for Bitbay: binary options in a more-or-less trustless environment.
I'm very serious about this question. You've just tapped into a potentially huge use case for Bitbay: binary options in a more-or-less trustless environment.
I'm not familiar with the binary options market. How fast does a trading platform need to be for it to work there?
Essentially, binary "options" are bets on a future market price. For example, "Will Gold Be US$1275 or above on May 21 at 1500 GMT?" If it is, then the "Yes" wins; if not, the "No" wins.
Speed of the trading platform wouldn't be an issue because the bet would have to be closed off some time before the deadline, else it's too easy for one side to win.
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