LOL

stop replying to coinpredator(return) he is the last of the trolls left from the previous thread, just ignore him

Can rat4 link this topic in the first post of the previous topic, it's almost unfindable for new people. 

Bitcoin is often promoted as being somewhat anonymous, but the main problem is that if I know your address, I can literally tell everyone you've ever paid. Imagine everyone you met, was able to see everything you bought in your checking account. That's pretty much the situation Bitcoin and other alt-coins are currently in. We need to move quickly to a anonymity-by-default approach.

There are many solutions out there for fixing this and we know how to implement them. But, the developers are very scared of implementing these fixes, with the possibility of bringing down a 10+ billion dollar economy.  So it will take years at the very minimum to do this.

So, that's where XCoin comes into play. I want solve many of these problems that Bitcoin and other alt-coins experience, making XCoin the beta to Bitcoin. The goal is to be years ahead in development, with cutting edge features that would be insanely difficult to pull off in their codebase.

So what progress was made this morning? I implemented a rough version of CoinJoin. The idea behind what I'm working on was originally put forward by Gregory Maxwell  and it's a great idea (if you want to read more, the original post is here: https://bitcointalk.org/index.php?topic=279249.0).

In short, transactions in the Bitcoin Blockchain are stored like this:

"User1 paid User12 the amount 1.2BTC"
"User4 paid User2 the amount 1.2BTC"
"User11 paid User3 the amount 1.2BTC"

In XCoin they'll look like this:

"Debit User1 the amount 1.2XCO, Debit User4 the amount 1.2XCO, Debit User11 the amount 1.2XCO"
and
"Credit User12 the amount 1.2XCO, Credit User2 the amount 1.2XCO, Credit User3 the amount 1.2XCO"

Notice, in the XCoin you can't tell who paid who. But in Bitcoin the parties are linked together. This will be a large step forward to providing anonymity by default.

Yes, you could still use the transaction amounts to track money through the system. This combined with some logic to use common transaction amounts or some other logic like that in the wallet could definitely help. Even with the problems, having coinjoin implemented directly into the client is a huge step in the right direction.

With self moderation added imo. If the board won't allow it, maybe emailing a moderator could get it done for us in the back end.

That thread gets a lot of hits on google still and is top of my search results when I google for blackcoin on bitcointalk.

Bytecoin will also have to fix it's own issues to become NSA-proof. As it is right now, it is not. And the extremely low transaction volume in its network doesn't allow for much mixing (same applies for clones). Mixing without volume = problem. Darkcoin has a tremendous advantage in that department.

I dumped this coin yesterday for 40% profit as soon as it became clear the encrypted addresses only apply to the web block explorer.

I'll wait until there is something working as a lot of coins are promising anonymous but only DRK, MRO AND BCN have it working.

- Basically what BlackCoin needs is a coinbase like service but just for Blackcoin. So your average joe in the street can easily buy a small amount of them and store them in that service online. So they don't need to worry with the hassle of downloading blackcoin qt and the blockchain etc. This should be a trustless service.

- We can then market this service in conjunction with the PR campaign.

- A bonus would be having a dev working on some anonymity feature.

^ What I describe is a dream scenario. With those three things combined the price would go up x10.

I told Evan to reconsider the use of ring signature due to their scaling / bloat issue a bit prior to his post: https://bitcointalk.org/index.php?topic=421615.msg6862900#msg6862900

If he can do it without ring signatures+bloat, we're great.

What we are actually discussing right now is this:

99.99% of transactions are already private/anonymous to all but a bad actor that has access to all the network. Otherwise if someone sees a DarkSend they don't know who sent what to who. (provided they'll also have IP obfuscation / TOR etc)

So, we are not talking about achieving privacy or anonymity right now. We're trying to be NSA-proof, or close to that so that the theoretical event of someone knowing what goes on is eradicated. As far as I understand, Evan has an idea on how to improve the way masternodes conduct their transactions so that even the nodes don't know what they are transacting. When that happens, even controlling all the nodes will be futile as an attack vector and almost total anonymity can be achieved - at least as far as coin mixing goes (Bytecoin is also coin-mixing, Zerocoin is in another league but has other drawbacks).