These are great points. First let me say that I had absolutely no chance to work on that retreat because I couldn't get an internet connection most of the time. I couldn't even fix the syncronization problems with StealthCoin during that period. You'll notice that the day I got back to civilization, things started to improve. Since then, the StealthCoin network quickly became the healthiest network on bittrex and StealthCoin has consistently been in the coinmarketcap top 100.

Changing the plan for StealthSend was completely my idea based on what we wanted StealthSend to be and on the fact that I lost 10 days during the retreat. We've gone through three plans for StealthSend, each more ambitious than the previous. The first plan was to do a centralized mixer, but that idea was scrapped pretty quickly because mixing does not provide trustless cryptographic anonymity.

The second plan was cryptographic in nature, but we decided the problem of blockchain bloat would be crippling after a year or two. I personally investigated this problem of bloat for about one week until I found a solution in the cryptography literature, using a signature system that has only been outlined as a protocol and theoretical proofs. In other words, there is no implementation of the signature system we are going to use for StealthSend. I could show our hand by citing the paper here or even revealing the first author, but that's going to wait for the white paper.

But I believe I can say the following without revealing too much. I'll compare the StealthSend signature system to Cryptonote signatures, which is the only true cryptographic anonymity for cryptocurrencies presently available. A cryptonote signature of 100 keys means that a particular transaction only has a 1% chance of belonging to any one of the addresses in the ring (1/100 = 1%). However, the ring signature for a transaction of 100 keys requires about 64 kb of block chain storage. The StealthSend signature system provides the same level of cryptographic security (1% chance of ownership for the sender) but needs only 1/15th to 1/10th the the space (4 to 6.5 kb). That's a HUGE savings and has serious implications for the long term viability of a coin. Bear in mind that the theory of our signature system is fully supported by peer review and has been published in a reputable journal.

But why will implementing our signature system take so long? Well, there won't be much code in implementing the signature system, but the challenge is in determining what that code should be from the theoretical description of the protocol. That takes time, understanding, and testing. Two months is probably on the short side, but I believe I can do it.

In the mean time, we have been working on a mobile sending technology that I'm really excited about. But we plan to release details in a few days. This technology is no where near as difficult to implement as the new signature system. It's also completely practical. In my opinion, it's a far better mobile technology than other teams have offered.

We'll keep you posted.

--Hondo

Update:

We have decided on implementing a change to the POS %.

Through a community poll and chatting with various community members we have come to the decision to change it to 5% annually.

We are now discussing this with the Dev team & we will inform you what the ETA will be. The Dev team has already mentioned that it can be changed quite quickly, so stay tuned.

Thank you.

This isn't high school people, crypto is a lottery game half the time and the best coin doesn't always win. We have a 132 page thread with great information, unfortunately trolling is tarnishing that work.

Good luck to everyone and stop this nonsense.

i do think 1-2000sats is where this will be trading at and once anon imlplemented 10-20k

no one has sold into that  order see market history

early buyers supply will dry up and it will just move up. whale is trying to buy but order is not filling

Unlike your "dev" we don't over moderate and delete every post.

ARcoin - copy of XST
Wall St event - copy of IE's proposed publicity stunt
Switzerland ETF - copy what the Winklevoss twins are doing


You do realize your "dev" who does not even code can't come up with one original idea whatsoever.
He is also flat out lying to you guys, no way he pulls off the ETF thing.  Do you have any idea the time and cost to make that happen?

Hondo again, using my StealthSend address.

I'm checking in here at bitcointalk tonight.

First of all, sorry about that post with the big red letters directed at HunterS. That was me, but I wanted to get his attention because I don't want to see him lose his XST. I checked out Hunter's address and noticed that he had done a lot of work creating staking transactions. This effort really helps to secure the blockchain and get transactions processed. I live for stable networks and smooth transaction processing, so seeing all that stake really makes me happy.

Second (and related to Hunter's efforts), I calculated the growth of the money supply since StealthCoin went pure PoS. Because so many people keep coins on exchanges or offline, the money supply has been growing at about 4.8% per year since the switch. What follows is the calculation. (1) The money supply at the switch was 20716721.24 XST. (2) The money supply when I made the calculation about an hour ago was 20776246.37 XST. (3) The change in money was 0.287% during that time ([20776246.37 - 20716721.24] / 20716721.24). (4) The number of days since PoS has been about 21.8, or 0.0597 of a year. Therefore, the APR over that time is 0.287% / 0.0597 = 4.8%!

What's that mean to people who are staking continuously? Well, if you stake continuously, you'll earn interest at about 21% (compounded nominal 20%), meaning your money at the end of a year will be 1.21 times what it was at the beginning. However, the money supply will only be 1.048 times what it was at the beginning. That means your actual control of the money supply will grow at 15.46% ([1.21 - 1.048) / 1.048])! In other words, just by continuously staking, you will earn 15.46% of real money supply! That is, you won't just be keeping up with the money supply, you will be getting ahead of it!

Third, I'd like to ask the community what they think about postponing release of the white paper. In it, I discuss how StealthSend works, but I also include some necessary details that may help other teams duplicate our efforts. After much reflection, I feel like it would be better to release the whitepaper maybe 5 days before StealthSend (which is still scheduled for the end of September). What do you guys think?

Correct. I just sent some BTC to C-Cex and it worked flawlessly (took like 10-15 min).

If the transaction is not showing up then it has nothing to do with C-cex.

I think smartphones wallets (android/ios) can be good without tor