901
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XST] Stealth-Coin.com | Tor | StealthText, World's first anonymous SMS Tx!
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on: October 14, 2014, 08:44:44 PM
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When StealthSend is implemented will this coin go back to PoW?
stealthsend will be another coin exchanged 1 to 1 for stealthcoin this two coins will exist simultaneously for a while and the exchange will be directly in wallet by what I understood. Yes, stealthsend will be POW and will be worth a lot How much it will be worth guess? 10k 50k 200k 500k? Please answer You want an honest answer? Check the distribution list for xst. Here is the link: http://www.richlist.eu/stealthcoin47.8% to the top10 holders. None of them sells his position in the top10 not even now that the price is droping. If they continue to hold their xst coins the sell market will be very low and the price will sky rocket when a big announcement will me made. So think a function like this, many buy orders + few sell orders = price to the moon. This coin will definetly see at list 20k sat. Who do you think are the big holders? The XST devs team? Note as well that the main holders of XST accumulated their XST coins in August-September - when the coin`s value was around 1K satoshi. So at this stage, they have nothing to loose.
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906
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XST] Stealth-Coin.com | Tor | StealthText, World's first anonymous SMS Tx!
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on: October 14, 2014, 01:40:04 PM
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This coin focuses its crosshair on anonymity and I believe Hondo can get us there.
Hondo is really intelligent developer but problem with pumping group. I knew when they will start move their coin price will drop drastically. All the pumping/dumping + fudding can/could be interpreted positively. At the end of the day it's about the tech and I believe Hondo will provide. What first grabbed my attention about XST was the focus on anon and the anon sms solution. I thought of a better version of Kenya's official M-Pesa sms currency which is being used every day by millions of Kenya's citizens. http://en.wikipedia.org/wiki/M-PesaXST sms service has a great potential to be implemented in the countries which are accustomed to M-Pesa mobile payments. XST sms money transfer service must be aggressively promoted in these countries.
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909
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XST] Stealth-Coin.com | Tor | StealthText, World's first anonymous SMS Tx!
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on: October 14, 2014, 12:12:35 PM
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I dont see the problem if it picks back up i will be back in XST, one deciding factor for me last night was the news and i also thought the fudsters might still be dishing out inane hype,and also the canncoin thread and news, so what would of just been sitting here went into canncoin and have made nice tidy sum from it so far and its still climbing.
I don`t think it`s a good time to invest in CANN today. Its price has already risen x5, so the rising will not last long. U have to invest in a coin when it is down and not when it rose already 5 times its previous value.
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917
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XST] Stealth-Coin.com | Tor | StealthText, World's first anonymous SMS Tx!
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on: October 13, 2014, 07:27:40 AM
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Again I would like to thank those who have pointed out publicly a critical deficiency in Chandran signatures as they apply to crypto-currencies [1]. Namely, the deficiency is that Chandran signatures are untraceable. I would especially like to mention that LongAndShort's relentless research into the matter was impressive and genuinely helpful. Most wonder exactly how the deficiency in traceability may be addressed for sub-linear ring signatures. Fortunately, work by Eiichrio Fujisaki shows that sub-linear ring signatures may be constructed such that they are traceable [2]. Thus, despite references to Chandran signatures in the the whitepaper brief, Chandran signatures will not be used in their original form. Recognize that Fujisaki's work builds on Chandran signatures, so it is a matter of semantics whether one uses the term "Chandran signatures" to refer to the proposed signature system for StealthSend. Some may wonder if I was aware of the lack of untraceability in Chandran signatures when I wrote the whitepaper brief. I was aware of this deficiency. However, I was not aware at that time that traceability must be an integral part of the signature scheme. I believed that I could add this property ad hoc. This misconception was a result of my own lack of knowledge about cryptography. In retrospect, I would not have proposed Chandran signatures, per se, had I known then what I know now. Instead, I would have proposed the system by Fujisaki. A misconception about the whitepaper brief is that it was somehow a perfect blueprint for StealthSend. It was not. At the time, it was suggested to me to make a technical proposal for StealthSend, so I wrote down my thoughts--unfinished and infused with my own imperfect knowledge of cryptography. At this moment I feel compelled to advise anyone that unless a product has been implemented, a whitepaper describing the product is simply a proposal and subject to revision. This advice pertains to any product of any crypto-currency. One question that has seemed to arise in this thread is whether or not I know what I am doing when it comes to implementing the cryptography I propose. I believe that remains to be seen. I am not a cryptographer by training. It is still difficult for me to work my way through cryptography literature although I am getting better. However, keep in mind that I am a scientist by training. I am extremely comfortable at the edge not only of my own knowledge, but also that of humanity. I have always found a way to learn what I need to know in order to achieve the objectives I set out for myself. I have no reason to believe that my plans for StealthSend will be any different. Finally, I should address the timeline. At this moment, I am behind on the roadmap. We have not been able to procure the help that we need for the wallet upgrades, despite advertising and active recruitment of developers. This could be a reflection of low bitcoin prices right now. StealthSend is behind as well. I have tried to make frequent updates with the wallet, but these updates have come at the expense of working on StealthSend. At this moment, I can't make a projection for how long it will require. Additionally, I am hesitant to make a projection because I have come to realize that any delay may be interpreted later with suspicion. So at this point, I'll say only that it may take months to produce StealthSend. -- Hondo [1] http://link.springer.com/chapter/10.1007%2F978-3-540-73420-8_38[2] http://link.springer.com/chapter/10.1007%2F978-3-642-19074-2_25Hondo, you must do your best to make a revolution in anonymous crypto coin world !
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