Bitcoin Forum

Zerocoin and DarkCoin is making a big deal about their anonymous transactions/coin mixers coming out that are in the works. Cool and all but...

Looks like this coin TiPS (aka FedoraCoin) already has a working version that is live since early this week. Like, it works flawlessly. Looks like this small operation beat all these big guys to the punch. Just a simple checkbox to anonymize your transaction. Check it out, worth a shot. The developers seem like they are doing good work, gravity well implemented as well. Seems like the community is having an indentity crisis with the logo and stuff though.

I really think this is a diamond hiding in a bunch of bad alt coin clones.

Heres their website:
http://fedoraco.in

Announcement thread:
https://bitcointalk.org/index.php?topic=391192.0

i like very much the ideal mixer payments. ihope they spread it and one day bitcoin includes it.

hi and thanks for the post. Indeed, TiPS (aka FedoraCoin) is the first cryptocurrency (ever!) to implement the anonymity feature, it works perfectly, and it's just a simple tick of a box away on your wallet. The devs are very talented and are working on amazing things to come, I guess this is the beginning of something really great. We haven't been having an identity crisis, but rather new structuring and rebranding and a new organization for better marketing strategies. Now we reached consensus in the community and the work has started to get TiPS to the next level!
Please check out the website http://fedoraco.in
join us on Reddit: http://www.reddit.com/r/FedoraCoin
on irc: http://webchat.freenode.net/?channels=tips
and start tipping :) http://www.reddit.com/r/fedoratips/wiki/gettingstarted

Ladies and Gentlemen, a new exciting adventure has just began, I welcome you on board, and salute you with a Tip Of The Hat ;)

Edit: rebranding was the wrong word since TiPS has always been the symbol of FedoraCoin, but rather more focus on the TiPS aspect.

the name is just very bad, every time i hear people say hat tips it reminds me of neck beards

I think that is why they are moving from FedoraCoin to TiPS. TiPS is just less meme, not a big fan of the hat tip atheist stuff either. I hope the goal is TiPS for tipping artists and stuff like that.

Edit:

Reading into the thread more it looks like TiPS stands for "The Internet Payment System". Not a bad name at all.

TiPS - The Internet Payment System

Yeah! It is coming. Buy in while it's cheap!  8)

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.

The coin has just launched the Mixing function.
We need to wait a couple of weeks / months. But I think it will get a higher market cap.

>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.

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.

I had same question earlier but found this:
https://bitcointalk.org/index.php?topic=471660.0

Explains it well.

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.

thanks everyone for the replies!

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.

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.

Diamond in the rough!

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.

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.

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.

who is this third party that does this anonymous transactions?

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...

got the same thoughts!

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?

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.

Looks like there is some fuss now. :o