Topic: TiPS (aka FedoraCoin) already has working anonymous transactions. Why no fuss? (Read 2696 times)
February 24, 2014, 08:35:26 AM
Looks like there is some fuss now.
February 22, 2014, 01:01:56 AM
Glad the OP started this thread.
I've been watching Tips for a few days now wondering why there is little trading activity. Everything about the coin is attractive and the community is involved. What's not to like?
Certainly is a hidden gem. Could it be the new Doge?
I don't own any yet but I do see a lot of potential.
I've been watching Tips for a few days now wondering why there is little trading activity. Everything about the coin is attractive and the community is involved. What's not to like?
Certainly is a hidden gem. Could it be the new Doge?
I don't own any yet but I do see a lot of potential.
February 22, 2014, 12:18:08 AM
who is this third party that does this anonymous transactions?
Someone who set's up a mixing node, which consist of 2 different servers that talk to each other (preferably in separate countries). There is a transaction fee for using anonymous transactions, the node gets these transaction fees. People say its centralized, however once you get numerous people using the anonymous transaction feature you are going to have a lot of people that setup nodes to collect fees as an alternative to mining.
Same as TOR with entrance and exit nodes, only that unfortunately in this case entrance and exit nodes are the same?
Couldnt they just mimic TOR's system where one mixing node sends the coins to the next and so forth in order to get a couple of them between you and your destination?
February 21, 2014, 05:22:47 PM
who is this third party that does this anonymous transactions?
Someone who set's up a mixing node, which consist of 2 different servers that talk to each other (preferably in separate countries). There is a transaction fee for using anonymous transactions, the node gets these transaction fees. People say its centralized, however once you get numerous people using the anonymous transaction feature you are going to have a lot of people that setup nodes to collect fees as an alternative to mining.
February 21, 2014, 03:41:22 PM
The problem is that fedora just sounds way too old already. Any coin over 3 weeks old is just game over. Even DOGE with all its might is slowly losing steam.
Another problem is that the name of the coin is tips which implies you can only tip using this coin in other words you can't use it for your daily purchases. I don't understand why some coins have a theme or subject. Much useless. Very coin.
Another problem is that the name of the coin is tips which implies you can only tip using this coin in other words you can't use it for your daily purchases. I don't understand why some coins have a theme or subject. Much useless. Very coin.
The coin has only been out a couple months. Most people want long-term profits, not pump and dump schemes where they end up being the bag holder. The new coins hit the exchanges and are dumped for a quick profit.
TiPS is a micro-payment option, which is desperately needed in the crypto world. Judge the coin on its features. Don't contribute hyperbole. I think a coin with innovative technology and solid foundation is far more important than a cool name.
got the same thoughts!
February 21, 2014, 03:40:58 PM
Besides the 3rd party issue, I also question whether anonymous transactions are actually a big deal to begin with. Sure, it's nice, but for a currency meant to be used for micro-transactions, is it really a big deal for someone to know (or not know) who sent 1/10th of a penny? Due to so many billions of coins out there, it's also not like Tips will ever be worth much, so from an investor standpoint, it's sort of... bleh...
February 21, 2014, 03:21:26 PM
who is this third party that does this anonymous transactions?
February 21, 2014, 02:58:59 PM
Because fedoracoin's anonymous feature is very simplistic and relies on a third party. It's basically no different than those bitcoin services where you send them your coins and the pass them on so there is no direct link between you and the other party. So by clicking that box you are sending your coins to a centralized third party that you must trust, because they could just as easily keep your coins and they'd never reach their destination.
This. The kind of anonymous transactions that the community are looking for don't rely on a central authority. In fact, having a central authority for anything goes against one of the main points of cryptocurrency.
That said, TiPS is a much better coin since the community takeover, and I expect the value to rise accordingly, once the investors and crypto community get up to speed.
February 21, 2014, 11:28:16 AM
Because fedoracoin's anonymous feature is very simplistic and relies on a third party. It's basically no different than those bitcoin services where you send them your coins and the pass them on so there is no direct link between you and the other party. So by clicking that box you are sending your coins to a centralized third party that you must trust, because they could just as easily keep your coins and they'd never reach their destination.
February 21, 2014, 11:04:12 AM
The problem is that fedora just sounds way too old already. Any coin over 3 weeks old is just game over. Even DOGE with all its might is slowly losing steam.
Another problem is that the name of the coin is tips which implies you can only tip using this coin in other words you can't use it for your daily purchases. I don't understand why some coins have a theme or subject. Much useless. Very coin.
Another problem is that the name of the coin is tips which implies you can only tip using this coin in other words you can't use it for your daily purchases. I don't understand why some coins have a theme or subject. Much useless. Very coin.
The coin has only been out a couple months. Most people want long-term profits, not pump and dump schemes where they end up being the bag holder. The new coins hit the exchanges and are dumped for a quick profit.
TiPS is a micro-payment option, which is desperately needed in the crypto world. Judge the coin on its features. Don't contribute hyperbole. I think a coin with innovative technology and solid foundation is far more important than a cool name.
February 21, 2014, 10:57:04 AM
The problem is that fedora just sounds way too old already. Any coin over 3 weeks old is just game over. Even DOGE with all its might is slowly losing steam.
Another problem is that the name of the coin is tips which implies you can only tip using this coin in other words you can't use it for your daily purchases. I don't understand why some coins have a theme or subject. Much useless. Very coin.
Another problem is that the name of the coin is tips which implies you can only tip using this coin in other words you can't use it for your daily purchases. I don't understand why some coins have a theme or subject. Much useless. Very coin.
February 21, 2014, 10:53:52 AM
Diamond in the rough!
February 21, 2014, 10:48:05 AM
Isn't this thing forked beyond repair? The pools I were using were resulting in orphaned blocks about 4 weeks back and I stopped mining them.
Few pools owners did not care to upgrade, but they are minority.
We got pools with couple hundreds of miners, and you will be most welcome to join us.
Just to give you idea: chickenstrips pool, and fedora coin pool.
February 21, 2014, 10:46:14 AM
Isn't this thing forked beyond repair? The pools I were using were resulting in orphaned blocks about 4 weeks back and I stopped mining them.
No.
This issue was fixed using kimoto's gravity well. TiPS has always been a profitable coin to mine, so multi-pools would jump in all of the time introducing 7-10 GH/s to a normal 1 GH/s network which would drive up the diff. The next 10 blocks would take a long time for the 1 GH/s of dedicated miners to complete, then the diff would reset and the multi-pools would jump in again and eat up those 10 blocks fast then leave once the diff got high again.
The gravity well was introduced at block 51000, part of the 0.56 update. Once the gravity well was in place, this issue became resolved and the transaction times became much faster as well.
Also, it could of been the fault of the pool operator for not updating the wallet.
February 21, 2014, 10:15:47 AM
thanks everyone for the replies!
February 21, 2014, 09:18:36 AM
Isn't this thing forked beyond repair? The pools I were using were resulting in orphaned blocks about 4 weeks back and I stopped mining them.
February 21, 2014, 08:13:53 AM
can someone explain what's this mixing function?
I had same question earlier but found this:
https://bitcointalksearch.org/topic/ann-world-first-tips-built-in-coin-mixinganonymity-service-just-launched-471660
Explains it well.
February 21, 2014, 08:12:42 AM
can someone explain what's this mixing function?
We will have a good infographics on this soon, but to answer your question:
when you send your coins with anonymize option, they are directed to a mixing node (one of many),
where coins from other transactions are coming too, and also there is a lot of spare ones.
Your coins are mixed with others, and send forward. Only constant is the amount of coins you sent,
but all the coins all not the same you send, so it's impossible to track you back.
February 21, 2014, 08:07:41 AM
can someone explain what's this mixing function?
February 21, 2014, 08:05:34 AM
I noticed the same. This is a very good currency and it is super stable for a while now. Even when they announced that anonymous function, NOTHING happened to the price. In fact, it even went down a little bit. I bought a lot of them and I am sure this will get noticed sooner or later. Buy now or miss out i'd say.
It is because a bag holder of 2.5 billion sold his coins and now all buy walls are going down.
For me it looks like big players are dumping this coin.
>2.5 billion
>big players
>implying
You must be fucking joking, mang.
2.5 billion is about 15k$.
If you call this big players, I do feel pity for you. Your worldview must be very small.
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