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Topic: TITAN Infographic - Transfer invisibly to any name (BitShares feature) - page 2. (Read 4400 times)

legendary
Activity: 1182
Merit: 1000
thanks for the info.
so are there transaction hashes so i can prove i sent the money/btsx.
if dan buys something from stans shop and then stan says he did not receive the money how can you verify stan received it without blockchain transaction hashes?
legendary
Activity: 1764
Merit: 1018
Daniel also talks about it @ 42:00-44:00 & 46:00-48:00 (more technical)  in the latest episode of lets talk Bitcoin http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stake
I'll take a look at these this weekend. I'm curious if there's a new solution to the problems that have prevented the use of this type of scheme by others.

As I know TITAN it's proposed long time ago Stealth Addresses (http://www.coindesk.com/stealth-addresses-secret-bitcoin-privacy) but in BitShares it's has very elegant implementation because BitShares introduce account which is stored at blockchain.
legendary
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
It's obviously in use at the moment if you download the BitShares X wallet and is working fine.
A system can have scalability or security limitations and still work fine in limited deployment, in cases where you're willing to distribute your private keys, or with the scalability problems tolerated.

Quote
I think it's just an implementation of stealth addresses or something that is more user friendly.
My recollection is that these kinds of scalability and security issues are the reason that similar schemes haven't been used by Bitcoin to date.

Quote
There is a brief video overview - https://www.youtube.com/watch?v=MDvXZMQNnhE&feature=youtu.be - does that help?


Daniel also talks about it @ 42:00-44:00 & 46:00-48:00 (more technical)  in the latest episode of lets talk Bitcoin http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stake
I'll take a look at these this weekend. I'm curious if there's a new solution to the problems that have prevented the use of this type of scheme by others.
legendary
Activity: 1138
Merit: 1001
Maybe I'm missing something, but I don't quite get how TITAN works. As I understand it, the sender performs a bunch of computations and produces a broadcast message that permits the recipient, and only the recipient, to know that the funds are theirs. And this is the default transfer mechanism used, that is, such transfers are expected to be as common as the transfer volume of the system. But how does the recipient know that broadcast is for them without performing a crypto operation? Are we expecting every wallet to trial decrypt every broadcast (one per transfer) with every key it holds? Does this scale?

Since the public can't tell the recipient, that means the recipient also cannot tell they're the recipient, at least until they perform some kind of operation the public cannot perform. That necessarily means at least one crypto operation for every possible recipient for every transfer.

I also don't see any separation between message and transfer keys. That means that everyone who wants to receive payments will need to perform a large number of continuous crypto operations using the same key that has the capability to transfer their funds. I don't see how such a system can be kept secure without significant effort on the part of each potential recipient.


Hi, sorry I just posted the graphic, hopefully someone more technical can answer your question. It's obviously in use at the moment if you download the BitShares X wallet and is working fine. I think it's just an implementation of stealth addresses or something that is more user friendly.

There is a brief video overview - https://www.youtube.com/watch?v=MDvXZMQNnhE&feature=youtu.be - does that help?


Daniel also talks about it @ 42:00-44:00 & 46:00-48:00 (more technical)  in the latest episode of lets talk Bitcoin http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stake
legendary
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
Maybe I'm missing something, but I don't quite get how TITAN works. As I understand it, the sender performs a bunch of computations and produces a broadcast message that permits the recipient, and only the recipient, to know that the funds are theirs. And this is the default transfer mechanism used, that is, such transfers are expected to be as common as the transfer volume of the system. But how does the recipient know that broadcast is for them without performing a crypto operation? Are we expecting every wallet to trial decrypt every broadcast (one per transfer) with every key it holds? Does this scale?

Since the public can't tell the recipient, that means the recipient also cannot tell they're the recipient, at least until they perform some kind of operation the public cannot perform. That necessarily means at least one crypto operation for every possible recipient for every transfer.

I also don't see any separation between message and transfer keys. That means that everyone who wants to receive payments will need to perform a large number of continuous crypto operations using the same key that has the capability to transfer their funds. I don't see how such a system can be kept secure without significant effort on the part of each potential recipient.
full member
Activity: 216
Merit: 100
Does it means that the public dunno how much bitcoin Dan transfer to Stan?

Yup, and can't know how much you transfer to me  Smiley
newbie
Activity: 28
Merit: 0
Does it means that the public dunno how much bitcoin Dan transfer to Stan?
full member
Activity: 216
Merit: 100
Titan works! It is so cool to send to a name and skip the long address thing.
legendary
Activity: 1330
Merit: 1000
bitshares is revolutionary.

ppl hasn't realized its potential.

what etherum offer is still vague, but bitshares is delivering soon
newbie
Activity: 53
Merit: 0
Seems very promising !
legendary
Activity: 1138
Merit: 1001
hero member
Activity: 547
Merit: 502
Official launch site.  From reading over at bitsharestalk, DacSunLimited launched the BTS chain for legal and business reasons in Hong Kong.

http://www.dacsunlimited.com/index_en.html
legendary
Activity: 1138
Merit: 1001
https://bitsharestalk.org/index.php?topic=5747.0

BTS X has officially released. Anonymous characteristic of TITAN, will exceed all altcoin

English version here: https://bitsharestalk.org/index.php?topic=5750.0

The account name thing is a cool, apparently there's a gold rush for cool account names already...

https://bitsharestalk.org/index.php?topic=5753.0
legendary
Activity: 1764
Merit: 1018
full member
Activity: 154
Merit: 100
https://bitsharestalk.org/index.php?topic=5747.0

BTS X has officially released. Anonymous characteristic of TITAN, will exceed all altcoin
full member
Activity: 229
Merit: 100
hero member
Activity: 547
Merit: 502
They are up test net # 10 now which added market positions.  Quite exciting once this gets hammered out and launched.
hero member
Activity: 546
Merit: 500
Quick question, will holding BitShares-PTS have any disadvantage over BitShares-AGS?

No, 1 for 1, PTS is better as it's liquid so you can buy & sell it on exchanges.

However even now, for the last 7 days of BitShares-AGS donations, you still seem to get >3 AGS for the price of 1 PTS. So AGS is better value despite being illiquid in my opinion.

http://www1.agsexplorer.com/

Okay last question, will BitShares-AGS and BitShares-PTS remain separate currencies or will they be merged into one BitShares-X or something similar to that effect?

They will remain seperate. Holders of AGS & PTS at the time of a 'snapshot' will each be awarded at least a 10% stake of any future DAC BitShares is involved with.

For example the shares in BitShares X which is a DAC, were allocated to people who had AGS or were holding PTS on 28/02/2014.

There will be new snapshots announced soon that owning AGS or holding PTS at the time of snapshot will get you a stake in - BitShares Music, BitShares.p2p & BitShares Lotto to name a few...

Thanks, will check it out Smiley
legendary
Activity: 1138
Merit: 1001
Quick question, will holding BitShares-PTS have any disadvantage over BitShares-AGS?

No, 1 for 1, PTS is better as it's liquid so you can buy & sell it on exchanges.

However even now, for the last 7 days of BitShares-AGS donations, you still seem to get >3 AGS for the price of 1 PTS. So AGS is better value despite being illiquid in my opinion.

http://www1.agsexplorer.com/

Okay last question, will BitShares-AGS and BitShares-PTS remain separate currencies or will they be merged into one BitShares-X or something similar to that effect?

They will remain seperate. Holders of AGS & PTS at the time of 'snapshots' will each be awarded at least a 10% stake of any future DAC BitShares is involved with.

For example the shares in BitShares X which is a DAC, were allocated to people who had AGS or were holding PTS on 28/02/2014. (You can now buy them from people who were allocated shares in Feb on bter under 'BTSX' symbol.)

There will be new snapshots announced soon that owning AGS or holding PTS at the time of snapshot will get you a stake in - BitShares Music, BitShares.p2p & BitShares Lotto to name a few...
hero member
Activity: 546
Merit: 500
Quick question, will holding BitShares-PTS have any disadvantage over BitShares-AGS?

No, 1 for 1, PTS is better as it's liquid so you can buy & sell it on exchanges.

However even now, for the last 7 days of BitShares-AGS donations, you still seem to get >3 AGS for the price of 1 PTS. So AGS is better value despite being illiquid in my opinion.

http://www1.agsexplorer.com/

Okay last question, will BitShares-AGS and BitShares-PTS remain separate currencies or will they be merged into one BitShares-X or something similar to that effect?
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