Colin said implementation of privacy will be complicated for dPoS coins; I realise OP didnt post code yet, but is his idea to implement it solid and feasible? Keeping an eye open for this project.
Cheers,
Tal
Thats very true, Colin knows best! please see this post for a more in-depth draft on how this will be achieved: https://bitcointalk.org/index.php?topic=2581762.msg27320586#msg27320586felixando |
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Hi all, feel free to ask any questions via PM, i should be available to reply a couple of times per day.
Taking some time to focus on the project at hand, rather than spending too much time on the forums.
By request i have added a Cardano (ADA) wallet address for donations: DdzFFzCqrhsjZUErFNMenUo52ahMKvHnqjzfXWzrbZhjxqAozaNbgcXrBqmHmAGATnKAUupSKAmnEgh 8kQuYP4Gst78yBGr4hrg4xWGs
felixando
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So the deletion of posts by the OP has started to happen?  Hi CyraxMax, that's incorrect, i will however delete troll posts with extremely large red text which takes up 80% of the forum page, i think any creator would do the same. felixando |
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Also, distribution is fine, we can discuss.
But have you decided anything on how much you will keep for yourself or future development fund?
Hi, the community can decide if i need a long term development fund, i do not wish to upset anyone, i'm happy having 0%, i can purchase Stone with my personal savings.
Look forward seeing the finished product. No ICO right?
Thank you for your support, no ICO, there is however an optional donation fund, however that is not necessary for a share, as a community we have not finalized a method for the remaining 70% of distribution, however i can assure you it will be fair, and be something that the community chooses.
felixando |
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In Raiblocks, when there is a fork, balance-weighted vote is used to determine the outcome through use of representatives.
How would balance-weighted vote work in Stone? cos certain amount of balances will be shielded if zsnarks are used
Requoting as I would definitely donate if you can answer this question.
OFF-CHAIN
Bob -> Alice
(zStone) Transactions -> (zStone) Received
SWAP
Alice -> Ted (Node) -> Alice
(zStone) Swap 1:1 -> Receive/Send -> (Stone) Received
Alice receives a private transaction from Bob via zStone, Alice now has 100 zStone, Alice now wants standard Stone, she swaps the 100 zStone for Stone 1:1 via a Stone node. The end result is Alice successfully has completed a private transaction with Bob, and swapped back into the base currency, all within the wallet, this method allows the DAG protocol to still function with its representative method.
Apologies in advance for the rough draft schematics, this is not anywhere near complete and is subject to change.
zStone would not be a separate currency and not tradable on an exchange, its simply the channel to achieve completely private transactions, with a swap 1:1 with Stone, they would not be worth anymore or any less.
felixando |
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Do you have any estimation for a launch date?
I have no experience in coding or anything alike, so I'm just wondering how time consuming sth like this usually is.
Hi coinnoob12, i cant be accurate with a precise time-frame, however since the codebase is already complete (RaiBlocks codebase) and its an unparalleled implementation of zk-SNARK's to implement privacy features, my aim from the start was 1-2 months, providing there are no extreme technical hurdles which hinder myself from being able to implement these features.
felixando |
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just as a side-note i have recently in the last hours updated the original post with the latest list of donators, thank you.
Please all- note that this is a pre-announcement, nothing is yet being announced, there is no wallet at present, no functional codebase and no fully functional zk-SNARK's with a DAG blockchain, for those asking for evidence & testimony. The donation interpretation was just originally a way to fund my development, which then i felt they should receive a contribution in return, so i have offered a stake of Stone. This is not a crowdsale, if your hesitant about the legitimacy, please wait until a stable release has been delivered before you consider donating to the project, even once i finalize acceptance of donations, there will still be a way to receive a small complimentary share of Stone. 
That being said, itrust you all had a phenomenal 2017, and wish you a wondrous 2018!
felixando
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I respectfully disagree with any snapshot or another oligarchal distribution. Why fatten the Whales? We have a rare opportunity to be an everlasting currency for the World. Let’s make it as accessible to the working class as it is to the wealthy. If we don’t, Stone will just be another nichecoin. If we don’t do it, someone else wil. Only a matter of time. A vast amount of a currency’s utility resides in the trust people have in it. Let’s build that trust by distributing it to more people from all around the planet.
Yeah, absurd thing to make riches richer.
You are somewhat correct in saying that a) this method makes the rich richer, which should not be performed in this manner and b) It should be accessible to the working class, those were my vision and my two values from the start. The airdrop was just an idea brought forward to me by a community member, which i relayed onto the community without deep thought. I'm still pondering ideas for equal & fair distribution, the community is welcome to assist, if anyone has any idea's, please do not be reluctant, deliver them! for myself and the community to assess
felixando |
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Another note: all the latest donators have now been entered into the official donators list in the OP - my apologies for not being able to confirm and reply back to you one by one, bitcointalk has its limitations!
For those who are asking when will donations finish? When you don't see the donation addresses in the OP anymore
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dag is the next blockchain revolution. is blockchain 3.0. i am acctually very bullish on all early dag projects
I concur! When faucet ready?
I'm sorry but as discussed in a previous post, faucets place too much stress on the community, for that reason i have decided against it.Now I suddenly understand the reason of the huuuuge rise in price of RAIBLOCKS recently - people want to catch 2 coins with one buy.
Hi there, we have not yet finalized the method of distribution, whether it will be a bitcoin snapshot, raiblocks snapshot, airdrop or some other method, i'm aiming towards even and fair distribution, if you have suggestions you are welcome to post your idea! i noted that another user mentioned it would be a good idea to do a similar process to what the ZClassic team are doing, which is merging ZCL and bitcoin snapshot together, there is a possibility i could do this combined with the donators fund, although it leaves the question of, is it fair? still very open to discussion.
I have a great idea for distribution, leave 30% to donators, then the other 70% do a bitcoin airdrop/merge, the same thing which zclassic is doing right now.
Please get back to me with your thoughts, i'm sure the rest of the community would support this.
From here on, Its all about what kind of "coin" you want to "be" in this world. If what fuels the developer passion for the project is quick personal economic growth, then yes distribute it using methods that already favor the able, rich and wealthy. In that case, the only semblance to raiblocks its the fact it was forked from it. He has one chance to fairly decentralize a coin. What he will choose will steer the project. Possible to reserve Dutch translation?
I'm sorry i wont be needing translations as of yet - we are still in PRE-ANN stage, perhaps when the first wallet is released and distribution has commenced.raiblocks 2.0 ? are you one of raiblocks core team ? or this thread is just to gain more exposure / new money comes into raiblocks  btw DAG with privacy features will be very interesting this project will be hype as what raiblocks gained till today I bet this to be much better than RaiBlocks, avoiding their mistakes (very bad exchange, pump based on low volume and exchange bug) and possible price manipulation too.
In other news - development is going to plan, i have been playing with in-line transactions with great results with the added weight of zk-SNARK's, currently receiving 7s round trip response times for anonymous transactions, but with a alot of tuning i should be able to bring that right down to at least 3s - 600ms. I will also be creating a github in the very near future, id advise not to donate until then, if your slightly worried about the legitimacy of my project.
Thank you to the supporters so far. |
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Hi community, just checking in to say ill be replying to the next wave of PM's and posts over the next couple of hours, apologies for the lack of responses, but as everybody knows its quite busy over the new years period.
Thanks to all those who are supporting and waiting patiently.
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If STONE is Private, Instant, Feeless, Secure, with Quantum Resistance & Smart Contracts it will be the Holy GRAIL of currency. Lots of potential.
I appreciate your enthusiasm and support, for now i am just working towards privacy, after that milestone has been completed i will reevaluate the project and add new ideas in the roadmap as myself and the community see fit.Iota is still beta. The Iota Tangle is not stand alone, the Tangle is controlled by coordinators, and the coordinators are controlled by the Iota foundation. Who will control the coordinator of your project? You alone, a community, foundation or a company?
Can you please answer my question?
felixandoThe dev speaks!  I usually reply once a day, to all PM's and posts.This is definitely on my watchlist. Care to give more details about yourself (or dev team) before I can donate?
Hi there, there is just myself working on this project, there is a little bio a few pages back i can tell you i'm dedicated to the project and will deliver a working product, i recommend you wait until something substantial before you decide to donate, if you feel uneasy.
interesting Update us from Twitter. @felixando Too many newbie and brand new accounts in this thread.. The dev hasn't answered any technical questions.. I would never donate in something like that. My feeling is this is a scam.
Don't be biased. Newbie accounts doesn't mean nothing. Also it's not compulsory you date just sit back and watch the project unfold. Don't call it a scam yet. If the Dev is serious and dedicated I'm sure you will be glad being here at the end. Well, are you single Dev, if yes, full time or side project. Any timeline when this will launch?
This is a full-time project, being worked on by only myself, projected completion date would be ~2 months away, at that stage it would still not be a 100% finalized product.If STONE is Private, Instant, Feeless, Secure, with Quantum Resistance & Smart Contracts it will be the Holy GRAIL of currency. Lots of potential.
I appreciate your enthusiasm and support, for now i am just working towards privacy, after that milestone has been completed i will reevaluate the project and add new ideas in the roadmap as myself and the community see fit.Iota is still beta. The Iota Tangle is not stand alone, the Tangle is controlled by coordinators, and the coordinators are controlled by the Iota foundation. Who will control the coordinator of your project? You alone, a community, foundation or a company?
Can you please answer my question?
felixandoThe dev speaks! He always answers most of the questions at least once a day. This is not the first time he answered questions. launching a website soon or anything like that?
Hi, not just yet! the community is welcome to assist, but for now ill focus on the main feature, the code, the release.He always answers most of the questions at least once a day. This is not the first time he answered questions.
That is correct, i'm on usually once per day to answer as many PM's and posts as possible. Apologies if i'm short, there are alot of PM's!He hasn't answered even a single one of my questions. Mainly regarding the fact that zkSNARKs is resource-heavy and will remove the speed of rai from the characteristics. He would have have to use recursive zkSNARKs. I am sure progress will come. Dev cannot always be here to answer. He is preparing the coin! Anyway I am with you guys: - no airdrops to XRBs older and not to donors too (it would become unfair or an ICO). Faucet is still a fair system.Moreover in setting up exchange or make other exchanges to support the coin i suggest this approach: - "Computing hash on client side for exchanges" - https://www.reddit.com/r/RaiBlocks/comments/7k0tmc/computing_hash_on_client_side_for_exchanges/This would dramatically decrease downtimes or overloads and exchange wouldn't have to invest in GPUs to keep STONE market up. This would be better also for privacy procedures computing. I like the idea. I'll donate once there is some proof this isn't a scam.
Thank you, please wait for the first release! DEV,
You have a great idea, myself, and many others in this thread are eagerly awaiting a chance to participate in the STONE project, especially coming off the back of the recent XRB hype and recognition as the top contender for a p2p currency. HOWEVER, I've read through the entire thread and you haven't addressed a single person with regards to a safe way to donate so we can participate with peace of mind that we aren't getting scammed.
I understand you are potentially working on the code, but you are addressing the same questions by different people but leaving the important ones out.
PLEASE give us a response regarding escrow. Give us the final leg of confidence we need to feel comfortable in helping this awesome idea. IF you really cared about bringing a true decentralized anon currency that helps your every day person, it would show that you want to do something meaningful with your talents, and help benefit the world, so start here by giving your future users what they want. At least respond.
With your 13 years exp for fortune 200 companies you should have better communication skills.
Think i speak on behalf of the entire thread here when I say I look forward to your (hopefully) positive response.
Your opinion is respected, and i understand your frustration, however donations are not mandatory, they are donations, no one needs to donate, and if you are unsure of the project i urge you to please wait until the first release.Looks like the idea of a privacy oriented XRB is interesting a lot of people. OP looks like he's not serious. How about we find devs to create the coin ? I am pretty sure some people on this thread or in the crypto community have the necessary skills to do what OP is saying he wants to do. my mouse is ready to click some captchas!
Sorry not this time!If STONE is Private, Instant, Feeless, Secure, with Quantum Resistance & Smart Contracts it will be the Holy GRAIL of currency. Lots of potential.
Not really. Smart contracts would just add bloat that is by no means necessary. The holy grail of currency is private, instant, feeless and quantum resistant. Leave smart contracts to other coins that are built for those. Too many newbie and brand new accounts in this thread.. The dev hasn't answered any technical questions.. I would never donate in something like that. My feeling is this is a scam.
Don't be biased. Newbie accounts doesn't mean nothing. Also it's not compulsory you date just sit back and watch the project unfold. Don't call it a scam yet. If the Dev is serious and dedicated I'm sure you will be glad being here at the end. let's see how the project will develop further, but there are some suspicions due to the fact that there are really many newcomers who are ready to invest and support the project right from the first message on the forum.  if you look further into these accounts you will realize this is not the only thread they have commented on. Thank you for your support anyhow.Social media bounties have a tendency to turn into unnecessary and unwanted spam. It has been my experience that his type of campaign may in fact be detrimental to its success. If the project is good, it will be picked up by social media on its own merit.
You are correct sir, which is why i have been racking my brain to figure out a a fair, spam-less, community friendly method of distribution.Thats impressive, thank you for linking me with that. will do my best!
Thank you all who have supported and commented, i will say one thing; please try to stay non-fixated on only distribution, distribution is only one small part of this project, have faith that i will sort it out in a fair and equal manner, with confirmation of the community. For now the code is closed source. If anyone is feeling uneasy about the project, but wish to be a part, please wait until i have a alpha wallet up and running for you to use on the testnet.
In other news i will eventually need a splash screen for the wallet (not that i'm saying the wallet is near ready) so if any graphic designers would like to try there luck at a Stone logo as a splash screen, please be my guest! |
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If STONE is Private, Instant, Feeless, Secure, with Quantum Resistance & Smart Contracts it will be the Holy GRAIL of currency. Lots of potential.
I appreciate your enthusiasm and support, for now i am just working towards privacy, after that milestone has been completed i will reevaluate the project and add new ideas in the roadmap as myself and the community see fit.Iota is still beta. The Iota Tangle is not stand alone, the Tangle is controlled by coordinators, and the coordinators are controlled by the Iota foundation. Who will control the coordinator of your project? You alone, a community, foundation or a company?
Can you please answer my question?
felixando |
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Why fork from raiblocks? don't know much that, so can someone explain benefits?
The introduction already summarized it all up Aside being fee less, what other advantage does Stone have over other anonymous transactions coins out there? Following the project closely.
Instant, fee-less, over 7000tx per second. This alone is a great feat over traditional blockchain tech, i think this is a good starting point!Why won't you contribute to XRB instead of forking it? If you have the proper capabilities, I'm sure they'll be happy to board you on. XRB's lead dev also said in a Reddit AMA that privacy might be coming in the future.
For the same reasons there is a Monero, Dash & a ZCash, we all have different starting points and end goals, i truly respect the effort and work put into RaiBlocks, and respect Colin more than anything, i do not wish to compete, i wish for stone to be the little brother of RaiBlocks, with privacy.Any Update?
The code is being worked on, for those eagerly waiting, there will be no significant update until the beta wallet is released so myself and the community can start testing, i recommend bookmarking and coming back in 1-2months.Interested in project. Distributing through captcha best solution now that more people are aware.
It will create a strong community.
I dislike the stress this places on the community and exchanges, although im not ruling it out and will have more of a brainstorm about distribution over the next few days.A new promising project, i loved this.
I think Stone coins can be distributed to BitGrail users equally.
Good Luck!
i appreciate your support, thank you! |
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I think that the best way to do the distribution, is with faucets, like XRB.
After seeing all the issues RaiBlocks had i don't think i can do catchpa faucet distribution, it places too much stress on the community. felixando |
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This is really an ambitious project, wish all the best for you and I'll will check the post for develop. By the way are there some timings in your mind for a roadmap?
I appreciate the support, no sorry no substantial fancy as yet, well there is a draft roadmap, its very short:
- implement zkSNARK's into a DAG based RaiBlocks clone.
- Distribute Coins
Time duration ~2months +/-
After this is complete i will go back to the drawing board and figure out what other implementations we need to create a fundamentally dominant chain, smart contracts would be interesting, but quite complex.Are you willing to post a LINKEDIN?
I don't use linkedin, sorry.woo, i like both tech dag and zkSnake, do you have a roadmap? i will keep followup.
zkSnake.. now that could be branding  No fancy roadmap, sorry.
My appologies to not being able to reply to every post or every message straight away, after all it is the Christmas period, and I've been spending time with family. |
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Hello all, I appreciate the technical conversation going back and forward in this thread, its good to see some conversation which is not just about details, release dates or how to acquire coins. I appreciate all the PM's, however i am limited to 10 per hour, so its taking longer than expected to reply to them all! but i will respond to the majority. Not really sure about the name STONE.
Stones sink and can't fly to the moon. Stones are dead.
Thanks for your input, the name Stone was derived from RaiStones. Not all Stones sink Hi,
I did a (small-ish) donation before the announcement of 30% and tbh I don't really like it. I think it's a bit too much and it will weight too much towards buying the coins/ an ico where 30% goes to developer instead of doing a donation for the sake of the project and helping the dev.
Anyways best of luck, looking forward to it and curious how this will develop.
I appreciate your input, if people are unhappy with the 30% we can modify this, i am not 100% of everything so far, adjustments can be made if the community feels they may be unfair or unreliable. A fair amount of how XRB works depends on being able to see balances of accounts and their respective chains. How can delegates vote on whether a anonymous transfer was valid if they cannot see the amounts?
Please let the developer proposing this project answer.
That's correct, however they only realistically need to communicate to each other, not the network as a whole, i will make this work. very interested in this idea and happy I found this project so early. I made an account just to show my appreciation for this idea. Love the name too. I wish you could join up with raiblocks and switch the whole name and branding over to stone, haha. They recently mentioned they are open to rebranding in an ama, Wishful thinking I know.
As far as distribution goes instead of a percentage to donors or an air drop to XRB holders or both, why not go with the Raiblocks capcha faucet distribution method? It seems like the fairest way to do a coin distribution where everyone begins on the same foot and bots or whales cant manipulate the market to get bigger stakes. If you wanted to give preferential treatment to early donors (which would probably encourage more as well) you could open up the capcha to donors first for a period (or up to a percentage of max coins is reached) before doing the public faucet. Just an idea.
Do you need any logo work done? I like your current stone logo/name quite a bit but I mean something that can become the logo representation of the coin.
Thanks! ah i dislike the faucet method, it creates too much monetary stress around the community, and bases the whole project around earning money, id prefer if this project was about the tech, and about the community. You are welcome to create a logo if you have the time, i feel i should deliver a test release before any design work should be done. DD time
How much development experience do you have?
What languages and libraries will you use to build it?
I cannot see this project being much of a success without smart contracts. Do you have a plan to add this functionality?
My questions have gone unanswered. I was going to ask the same thing. What experience you have and on what languages? I've only been a qualified software engineer for the last 13 years for a forbes top 200 company, ill let the code speak for itself. I have a question about the free transaction aspect. I see this as a danger to the network. If it's free you can do two nasty things:
- easy to manipulate the price up by making fake transactions to your self
- easy to crash the market by flooding it with millions of transactions to stop all processing
How are you going to address this, and do you think it's worth addressing considering there are already 2 DAG coins that are "free"?
I cannot manage the exchange side of things, i assume exchanges will have some kind of fee for buys/sells to prevent fake volume. Correct there are 2 other DAG coins, possibly 3, Stone is based around anonymity, think Monero, in the very start. I'm kinda interested with this idea. Gonna watch this thread and see how it goes. Also, good luck Felix Thankyou! On a side note; to my knowledge there is a Discord: https://discord.gg/auFsMSD - i do not have time to be in there at all times and answer all questions but i will pop in from time to time. |
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What's the max cap of the contribution? When will it end?
For donations? there is no cap, i do not really have a use for hundreds of thousands of dollars, so just donate what you can if you wish to be a part of birthing the project.
After a little brainstorming last night i have decided to reward the STONE's supporters with 30% of the STONE supply, as donations will be the legs of this project, 30% will be spread between all donators, with percentages based on donation size. I cannot stress enough how really appreciative of the donator's i am so far, they show a sense of high respect to myself and the project, thank you. The other 70% of the supply is still undecided on distribution model, i would like it to preferably be extremely fair with no chance for small numbers of holders to gain a large percentage, as i'm against planned pump groups as it brings no value to any project, i'm still working on that part, i will propose/advise when i come up with a solution.
I have updated the OP with a list of current donator's. |
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why you can't promise for Exchange listings and Price increase?? it shows that you are pesimist for this project
I don't like to make promises for things which are not in my control, i am not able to increase the price or insert it on an exchange, what i can do is code, ill create the foundations and the community will act accordingly. |
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