[MIL]* MillenniumCoin DAAE * TOR * Anon * Escrow "NEW GROUND FOR CRYPTO"

[Anon136]

YarkoL,you are a thief,you steal the NUD's technologys!!!

Do you have the permission from the NUD devteam??

ideas aren't property

[1714754783]

1714754783

[1714754783]

1714754783

[1714754783]

1714754783

[YarkoL]

YarkoL,you are a thief,you steal the NUD's technologys!!!

Do you have the permission from the NUD devteam??

You registered a new account just to say hello to me? Aww I'm touched.

Now, if you re-read the NUD thread, you'll see that I never
made secret of my intention to implement a working delegate system
in some other coin. And NUD devteam never voiced any negative
opinion on that.

Indeed why should they? I'm carrying on the legacy of
NUD, and should the dev one day return I'll be back there also.

For the present, I think MIL is to NUD as Monero is to Bytecoin.

[Coin-Moron]

Well color me intrigued. You just might be onto something here.

So looking at this we can tell that the owner of the address is using a delegate. But we can't know about the ultimate recipient.

Cant we look at the owner of the address and the delegate and look for a transaction authored by the delegate from around the same time frame for around the same amount and make a pretty good educated guess from this information that the owner and the recipient are connected?

What does the dev got to say for this?

This is where i believe the splitting of coins aka coinjoin technique has to be implemented.

[ihong]

YarkoL,you are a thief,you steal the NUD's technologys!!!

Do you have the permission from the NUD devteam??

You registered a new account just to say hello to me? Aww I'm touched.

Now, if you re-read the NUD thread, you'll see that I never
made secret of my intention to implement a working delegate system
in some other coin. And NUD devteam never voiced any negative
opinion on that.

Indeed why should they? I'm carrying on the legacy of
NUD, and should the dev one day return I'll be back there also.

For the present, I think MIL is to NUD as Monero is to Bytecoin.

I am Julian Sheen.

[YarkoL]

Well color me intrigued. You just might be onto something here.

So looking at this we can tell that the owner of the address is using a delegate. But we can't know about the ultimate recipient.

Cant we look at the owner of the address and the delegate and look for a transaction authored by the delegate from around the same time frame for around the same amount and make a pretty good educated guess from this information that the owner and the recipient are connected?

What does the dev got to say for this?

This is where i believe the splitting of coins aka coinjoin technique has to be implemented.

That is a possibility right now, but becomes increasingly
harder as the number of delegate transactions increase.

And yes, the splitting and chaining-up are one way to deal
with the issue.

[Coin-Moron]

Well color me intrigued. You just might be onto something here.

So looking at this we can tell that the owner of the address is using a delegate. But we can't know about the ultimate recipient.

Cant we look at the owner of the address and the delegate and look for a transaction authored by the delegate from around the same time frame for around the same amount and make a pretty good educated guess from this information that the owner and the recipient are connected?

What does the dev got to say for this?

This is where i believe the splitting of coins aka coinjoin technique has to be implemented.

That is a possibility right now, but becomes increasingly
harder as the number of delegate transactions increase.

And yes, the splitting and chaining-up are one way to deal
with the issue.

Though the number of transaction increases, the particular amount of coins being transacted will get us caught.

Only way to avaoid this is splitting of coins in small round numbers, imean 0.1, 1, 10 sort of.

Edit: Taking into account the time the transaction being made will also let us down.

[bathrobehero]

Bootstrap until about 342k blocks (it is basically blk0001.dat renamed since there isn't more blk*.dat files to merge them):

https://mega.co.nz/#!qFtElKja!zyqjCRshRORHP7tmTyvEPBAj7t_-xB-9iXa9kMh9YTw

http://www.mediafire.com/download/t5ffsly2fsmyral/MillenniumCoin_bootstrap.7z

By my estimation it roughly takes 25 minutes to extract the blocks from it (depending on disk I/O and CPU).

[Anon136]

Well color me intrigued. You just might be onto something here.

So looking at this we can tell that the owner of the address is using a delegate. But we can't know about the ultimate recipient.

Cant we look at the owner of the address and the delegate and look for a transaction authored by the delegate from around the same time frame for around the same amount and make a pretty good educated guess from this information that the owner and the recipient are connected?

What does the dev got to say for this?

This is where i believe the splitting of coins aka coinjoin technique has to be implemented.

That is a possibility right now, but becomes increasingly
harder as the number of delegate transactions increase.

And yes, the splitting and chaining-up are one way to deal
with the issue.

You should consider using the proposal I described. I believe it would be superior to what you are using for a couple of reasons. Delegated transactions would appear the same as any other transactions. And delegated transactions would take up less space on the block-chain. With this proposal you could certainly chain delegates too. You would almost certainly want to break units into standard denominations and use delegates to "tumble" coins in the back ground sort of like darkcoin. Then use "mixed" coins to make payments in an ordinary transaction. It would have a lot of the advantages and functionality of darkcoin without the centralization of masternodes.

[Anon136]

Ok so lets talk distribution. Is it already completed? When? How? Where? Do we have any records of who is holding? Do we have a thread where people are trading?

[bathrobehero]

Ok so lets talk distribution. Is it already completed? When? How? Where? Do we have any records of who is holding? Do we have a thread where people are trading?

There is a basic block explorer (http://explorer.millenniumcoin.pw/chain/MillenniumCoin) but the rich list part doesn't work and it is currently traded on poloniex. I really want to see a decent block explorer with rich list though.

[bathrobehero]

Ok so lets talk distribution. Is it already completed? When? How? Where? Do we have any records of who is holding? Do we have a thread where people are trading?

There is a basic block explorer (http://explorer.millenniumcoin.pw/chain/MillenniumCoin) but the rich list part doesn't work and it is currently traded on poloniex. I really want to see a decent block explorer with rich list though.

But like how was the distribution done? Is there a distribution thread somewhere?

I'm as new to this coin as you are and this is all I could find on their site:

Algorithm: POS Only
Max coins 1,000,000
POS: 12% Annually
Min Stake Age: 3 Days
Max Stake Age: 180 Days
Coin Maturity: 50 Blocks Minimum
Transaction Fee: 0.00005 MIL
Millennium Coin Specifications

Millennium Coin was announced May 31, 2014. MIL began as Millionaire Coin, an IPO hosted on the Poloniex Exchange. Investors purchased more than 45 BTC believing MIL a good investment due to backing by Poloniex. Less than 2 months after the announcement MIL was abandoned by it's developer. Since the MIL IPO Poloniex has put in place requirements to insure this type of fraud does not happen again. After abandonment of MIL community members immediately began a takeover. Today MIL is a Community Managed Coin where everyone has a voice. Investing in MIL gives you the chance to voice your opinion and help design usable currency for the future.

[roadbits]

alice says to bob that she would like for bob to pay charlie and she will pay bob. [/li][/list]
<snip>
So this is the idea in a nutshell right?

You're on the right track..
The escrow transactions have a conditional scriptPubKey.
The other path of execution corresponds to the finalization of delegate tx,
the other one to the retrieval. Both ways consume the input of the escrow.

So it's a bit more like, Alice sends a transaction A to Dave that says
If I see you pay to Bob this amount, these funds can be spent by you,
else they return to me. And Dave sends a transaction B to Alice that
says if I have sent the amount to Bob then I can get the funds in your
transaction.

The wallets also exchange info that allows them, and them only to
construct the claim to the coins in the escrow. The escrow transactions are
made in several steps, where each party adds info to them. When they're
ready they are relayed to the network.

To give credit to where it's due, I did not invent this procedure. It was
already present in a now defunct coin called New Universal Dollar (NUD), but in an
unfinished, unuseable form. I liked the approach, as it mirrors the privacy model
of TOR, where the anonymity does not derive so much from an algorithm, but
from the community of users themselves.

Sounds interesting ...

[E9800]

We are working on a better explorer and rich list. Has anyone tried the Mac Wallet yet? If so, please provide some feedback.

[Marcin21]

Trex,Cryptsy soon ?

[annad]

We are working on a better explorer and rich list. Has anyone tried the Mac Wallet yet? If so, please provide some feedback.

Looks like I screwed up.

Will report back later, using the mac wallet and built source on an ubuntu box, bother were giving me problems but I found the error of my ways.

You really need to trash everything from the directory except the wallet.dat and the conf file.

[YarkoL]

You really need to trash everything from the directory except the wallet.dat and the conf file.

Also on mac/linux I recommend adding to the configuration file

Code:

paytxfee=0.01

The tx fee is not enforced by the wallet in this release , but still you need it
to ensure that your transactions get confirmed in reasonable time.

[bathrobehero]

How can I know if there are any delegates online?

Use console command showadvertisedbalances

That doesn't seem to work for me (Method not found (code -32601)).

[YarkoL]

How can I know if there are any delegates online?

Use console command showadvertisedbalances

That doesn't seem to work for me (Method not found (code -32601)).

ahh my bad.

listadvertisedbalances

[Anon136]

yarkol are you a dev?

[CryptoDustin]

I like this project. Please keep us informed dev.