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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SDC] Shadow | 1st OS Stealth Address | iOS+Android Staking | PoS-SPV | HTML5
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on: November 18, 2014, 04:58:51 AM
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how high can sdc go
How longs a piece of string? it can go high buddy this is nothing. I've seen this before, lol  so $1 per coin? Nah, it will climb another few cents and then probably be dumped into oblivion. Everyone coin's the same  Not every coin is testing zero knowledge.. let alone creating their own zk protocol. Traders can speculate swings and take their chances but their biggest mistake is believing this coin is in the same category as some random cartelcoin. That's OK though the coin isn't being made for traders it's being made for private commerce. There's a massive market for real anon and people are starting to realize that there is real development going on here. There's been too many broken anon promises in the past.. combine that with the recent failure of tor and potential bitcoin de-anonymization and you have the perfect conditions for market disruption. https://blog.torproject.org/blog/thoughts-and-concerns-about-operation-onymous Private commerce solutions have never been more in demand than right now. Deep web pockets are watching this project and waiting for delivery. When the anon tech is proven $50 a coin seems really low to me for instant anonymous zk transfers and peace of mind. Gram's helix charges what 5-10% and takes 8-12 hours? SDC is perfect anon and there's a reason why Evan from Darkcoin was trying to acquire Shadow's team. You can clone a project but you can't clone the team. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
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on: November 17, 2014, 05:28:39 PM
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No reason to start yet another troll war imo. SDC and CN coins have chosen different route than DRK, they rely on hiding the mixing in the blockchain encrypted, whereas DRK removes the mixing from the blockchain altogether. Because we don't know the future (possible math breakthroughs, quantum computers) we can't say with total confidence which approach is better. Both are very likely good enough for the foreseeable future. Some super smart people (like AnonyMint) claim that keeping the anonymity off the chain is the way to go though. So what we have left that will make a coin stand out (or sit down), is adoption, usability (how well it actually works), PoW vs PoS aspects, other features (like instant transactions), investment opportunities (like masternode rewards and other potential services running on top of them) and lots of other things. One good thing DRK has going for it is that it has had its pumps and dumps and distributions, and is quite mature already. Monero for example is generating so many coins every day that the market can't simply absorb that amount, hence the downtrend. And the young (compared to DRK) PoS coins have the distribution that you would imagine them to have. Eek, I just looked at SDC's distribution... out of 6,445,964 SDC, 6,130,331 is held by the top 72 addresses. I would assume address 1 is an exchange so excluding that, 83% is held by few. I'll pass. I would assume the top three addresses are Bittrex, Polo and Cryptsy and that would mean that the distribution is spread to much more than 72 different addresses. Look at the tech being developed at Shadow: Zk, mobile apps, lite wallet, html interface, sdk, decentralized marketplace.. Can you blame anyone for buying up as much as they can? I personally don't see it as a negative. If you're able to see the value in the project's development, then there's nothing negative about picking up a large stake in a promising privacy project. Darkcoin devs saw the value and wanted to pick up the entire stake  If anything it gives the project stability when privacy advocates are supporting the project vs pump and dump groups. Shadow, like DRK, is a long term project that shares similar privacy goals and is just getting started. The difference is that all generation for future coins happens from a select few vs DRK's POW miners. DRK is no savior with it's issues with the instamine, but it also had about 2 months of stagnant price action as those coins continued to be distributed. The distribution is no where near ideal in SDC for it to be a viable candidate for mass-adoption even with all the developments. Distribution could change over time (no argument there) but you will not see me throwing a penny at it with the overwhelming majority held by few and nearly all future coins being generated by the same few. SDC has been stable in price for the last 4 months.. with similar price stagnation to DRK. Take a look at the charts you'll see the early adopters dumped a long time ago and the coins have been changing hands since. The difference between the stagnant periods between the two projects is that Shadow has effectively had zero media attention outside of a few mentions. Only recently people have started to pay attention to it. It's safe to say that it's still in the stealth phase.  |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
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on: November 17, 2014, 05:10:46 PM
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No reason to start yet another troll war imo. SDC and CN coins have chosen different route than DRK, they rely on hiding the mixing in the blockchain encrypted, whereas DRK removes the mixing from the blockchain altogether. Because we don't know the future (possible math breakthroughs, quantum computers) we can't say with total confidence which approach is better. Both are very likely good enough for the foreseeable future. Some super smart people (like AnonyMint) claim that keeping the anonymity off the chain is the way to go though. So what we have left that will make a coin stand out (or sit down), is adoption, usability (how well it actually works), PoW vs PoS aspects, other features (like instant transactions), investment opportunities (like masternode rewards and other potential services running on top of them) and lots of other things. One good thing DRK has going for it is that it has had its pumps and dumps and distributions, and is quite mature already. Monero for example is generating so many coins every day that the market can't simply absorb that amount, hence the downtrend. And the young (compared to DRK) PoS coins have the distribution that you would imagine them to have. Eek, I just looked at SDC's distribution... out of 6,445,964 SDC, 6,130,331 is held by the top 72 addresses. I would assume address 1 is an exchange so excluding that, 83% is held by few. I'll pass. I would assume the top three addresses are Bittrex, Polo and Cryptsy and that would mean that the distribution is spread to much more than 72 different addresses. Look at the tech being developed at Shadow: Zk, mobile apps, lite wallet, html interface, sdk, decentralized marketplace.. Can you blame anyone for buying up as much as they can? I personally don't see it as a negative. If you're able to see the value in the project's development, then there's nothing negative about picking up a large stake in a promising privacy project. Darkcoin devs saw the value and wanted to pick up the entire stake  If anything it gives the project stability when privacy advocates are supporting the project vs pump and dump groups. Shadow, like DRK, is a long term project that shares similar privacy goals and is just getting started. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SDC] Shadow | 1st OS Stealth Address | iOS+Android Staking | PoS-SPV | HTML5
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on: November 17, 2014, 04:22:19 PM
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So, I just went through the web page, and read through twenty+ pages of this thread, and can not figure out what sdc is promising in terms of "zk". If you could excuse me for my laziness for not digging deeper, could someone respond to three quick questions?
1. With the beta that is being tested now, are the devs planning on implementing Zerocash, Zerocoin, or something else?
2. If Zerocash, how do you set up the security parameters? This requires trusted third parties.
3. If Zerocoin, how do you set up the security parameters? Do you use RSA UFOs? If so, how where these generated, and what is their bit length?
Thanks.
hi, shadow simply has zk-snarks and ring signatures and has its own built-in which doesnt need 3rd party and has nothing similar to zerocash, etc. A real (not vaporware), working, ZK implementation with ring signatures sdc dev and whitepaper will explain it in details... by the way...welcome on board guys....nice to have new bloods here Thanks for throwing out a clue on how SDC handles the zerocoin initial seeding parameters issue. This is the first and number one question to ask when a coin claims they are the first to implement zerocoin. SDC has done an excellent job with it's website and OP so it's a pity there aren't a couple lines of explanation to address the seeding issue on everyone's mind. There's plenty of discussion on Anoncoin's thread about Gnosis' approach. In contrast, there's no mention of handling the initial seed parameters with Zerovert and the info on this coin is so scant it smells like scam. Info is in the OP, there's plenty of infographics that break down the project. SDC has never claimed to implement zerocoin or zerocash. To answer the question: Shadow is not using zerocoin or zerocash.. its a unique approach to achieve anonymity that uses dual-key stealth addresses, unique ring signatures and non-interactive zero knowledge proofs. Not one line of code is shared with zerocoin/zerocash and shadowcash so it doesn't share the trust issues associated with ZC. One needs to look at Shadowcash as a unique protocol; a first of it's kind not associated with any prior work. A short explanation taken from IRC: "@SDCDev: only really SDC -> SDC is traceable.. SDC -> Shadow creates an anonymous output, and Shadow -> SDC redeems an anonymous output, but in order to make it anonymous, you need to use a certain number of rings.. we use ring signatures which are then turned into a proof (zk), so its similar to cryptonote, except without sending the whole signature." The attached graphic explains the function of each property related to the protocol. This is meant to be an brief infographic overview of the methods used to achieve anonymity. It's not a whitepaper and as stated in the infographic a detailed whitepaper is in the works that should be released shorty. The devs here are working their butts off to push the envelop of what's possible so excuse them while they make time to document everything correctly before releasing a whitepaper. Devs are already making improvements to the model to automate everything based on feedback from testing.  |
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