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Author Topic: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin  (Read 704353 times)
iCEBREAKER
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September 17, 2016, 01:47:43 AM
 #741

Monero's privacy is based on ring signatures....it is a feasible to brute force which keys are whose  thereby breaking the privacy.

Please elaborate on exactly what definition of "feasible" you are using.

Or are you just parroting what ICOscam777 told you, with no understanding cryptanalysis involved?

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
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Fungibility provides privacy as a side effect.  Adam Back 2014

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004
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September 17, 2016, 02:36:27 AM
 #742

https://eprint.iacr.org/2005/304.pdf

end of page 4, beginning of page 5.  then continue on to page 8

section on adversarially-generated keys.

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September 17, 2016, 07:43:46 AM
 #743

Hi all!

I have read the thread and you guys seems to have good package with Komodo and there was lot of things that I liked. Although few concerns came up to my mind. I know the whitepaper is not ready yet, but maybe somebody have info already.

- Scalability
If thinking about further, and larger adoption of Komodo usage, how it will handle the rising transaction amounts?
Is it dependent to Bitcoin scalability? Everybody knows it's going to be slow process to scale that platform up.

Dependency with zcash:
So if something goes wrong with the zcash development, and it don't get ready any time soon, it's going to delay the release of Komodo mainnet also, right? In my view, there's discussions about zcash platform and will it be the right thing to do.

Question about BTCD swap:
I understood that all of those 90% of KMD will be sold for BTC/BTCD investors, but how do you guys know how much KMD:s will be given to BTC investors, since you don't know how many BTCD owners will swap in 1 year swapping period? Or do you plan to wait 1 year and then share the percents, when we know how much to give BTC investors and how many to BTCD swappers?


James I have another question.
There are going to be 100 million KMD for ICO
Let's say (in simple way) there are 1000 people who give 1 BTC each. Will they get 100,000 KMD each (100 million / 1000)
and if there are 30000 people who give 1 BTC each they get 3333 KMD each?

In other words all of those 100 million will go to those who buy?

90 % of the Komodo coins are distributed to investors (BTC+BTCD)
10 % will be reserved for development, advisers and bounties

So yes, you got the basic idea! The supply is fixed, but we don't know yet how much money Komodo raises.

I have factored in bitcoin scalability issues by budgeting significantly increased txfees. So if bitcoin cant manage to increase to 2MB blocksize, then we just pay higher fees. Since komodo will then be doing the bitcoin notarization, other chains/users of dPoW via komodo wont have to worry about the bitcoin side. So komodo should actually moderate the bitcoin scaling problem.

zcash has a beta release now and the other day I made a komodo testnet based on it. Of course if zcash team decides to delay for whatever reason, I would defer to their judgement. They are one very sharp team. While this does create a bit of uncertainity as to when the mainnet can be released, it does justify the early bird bonuses.

We will assume all the BTCD will be redeemed. If after a year it isnt, it would just go into working capital


i expect - but yet for a simple c programmer... are you ready to step into another playground.

Zcash and even NXT protocol is not your usual playground...

Java seems not to be so much an issue, i get it you are impressed with the POS..

are you porting anything to c? zcash also is not C pure.

Lots of new peer2peer tech is coming out is in functional programming.

I am looking forward to Komodo, I am in 1/3 my portfolio.

JL777 always has great ideas. this maybe the actual end product .

Between you and Dirk i am excited...


http://heatledger.com LIVE ICO 3.0 GENERATION CRYPTO WITH COMPANY STOCK IPO OPTIONS
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September 17, 2016, 08:12:40 AM
 #744

Thanks!!
Tweeted!! https://twitter.com/KomodoPlatform/status/777057482892054528 Smiley

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September 17, 2016, 09:26:36 AM
 #745

How are the public SNARK properties being generated?

More info here: https://z.cash/blog/snark-parameters.html
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September 17, 2016, 09:27:15 AM
 #746

How are the public SNARK properties being generated?

More info here: https://z.cash/blog/snark-parameters.html
The same snark parameters as zcash is used.

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September 17, 2016, 09:32:22 AM
 #747

1.- Isn´t that unfair for BTC investors, who will get the bonus only if they risk investing during the ICO, and on top of that they will be the ones financing the project with real cash (BTC), and not some illiquid coin with no volume nor demand not to talk about future?

BTCD investors have already invested, even before the ICO has started. The earlier you invest, the more risk there is and thus we have the bonus system.

What people consider fair and unfair is quite subjective, we have tried to make it as fair as possible for everyone.


3.- Is then the real limit of BTC collected 36818 BTC or is it 23182 BTC ? (30k - 6818  = 23182 BTC)

It is the 36818 BTC. The 30 000 cap is for BTC investments.


4.- Why is that real limit not especified in the OP?[/b]
It is not really a limit. There is only one limit, and that is for the bitcoin: 30 000 BTC

We know that the BTCD's are worth ~6800 BTC in the ICO, and that info is of course relevant. We now included that calculation in the announcement!


5.- Isn´t that a sneaky way to dilute BTC investors stake (!) and having more working capital than the 10% stated?

The amount of KMD not redeemed should stay at a very negligible level compared to the total funds raised. Redistributing those KMD's would make things overly complicated. We have to also remember, that those unredeemed KMD coins are there only after one full year.


6.- Why not limit the amount of KMD available to swap for BTCD and the time to do the actual swap as is done with BTC investors? Wouldn´t be that more fair?

There are some investors who might not follow developments that closely, so it would be very unfair towards them if we just announce a new ICO with a couple month timewindow to swap ... or else they lose their investment.

We want to honor our investors: current and future ones.

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September 17, 2016, 01:26:14 PM
 #748


Our signature and avatar campaign has begun!



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September 17, 2016, 01:37:39 PM
 #749

nice project.
is there any other bounty except signature and translation bounty?
any social bounty? facebook, twitter etc? I want to earn some komodo.

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September 17, 2016, 01:42:50 PM
 #750

nice project.
is there any other bounty except signature and translation bounty?
any social bounty? facebook, twitter etc? I want to earn some komodo.

Unfortunately we will only have the signature campaign.

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September 17, 2016, 01:53:30 PM
 #751

Joined the signature campaign. Komodo will be way better than Monero.

BTCD swap is fair in my opinion. Will be scooping up some btcd for the swap to KMD.

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September 17, 2016, 01:58:24 PM
 #752

Joined the signature campaign. Komodo will be way better than Monero.
Welcome my friend!!  Cool

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September 17, 2016, 02:39:24 PM
 #753

nice project.
is there any other bounty except signature and translation bounty?
any social bounty? facebook, twitter etc? I want to earn some komodo.

No komodo, they pay btc, not in komodo. And i don't think they will only accept your avatar. They say it is 25% bonus on sig payment. So no signature payment, no bonus.
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September 17, 2016, 03:23:59 PM
 #754

nice project.
is there any other bounty except signature and translation bounty?
any social bounty? facebook, twitter etc? I want to earn some komodo.

No komodo, they pay btc, not in komodo. And i don't think they will only accept your avatar. They say it is 25% bonus on sig payment. So no signature payment, no bonus.
   
Komodo Signature
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The rewards will be paid in KMD coins after the ICO has ended.
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September 17, 2016, 03:28:00 PM
 #755

nice project.
is there any other bounty except signature and translation bounty?
any social bounty? facebook, twitter etc? I want to earn some komodo.

No komodo, they pay btc, not in komodo. And i don't think they will only accept your avatar. They say it is 25% bonus on sig payment. So no signature payment, no bonus.
   
Komodo Signature
Quote
The rewards will be paid in KMD coins after the ICO has ended.

hoops, thanks for correction, dude. I saw their OP says 0.00X btc/week, so i considered they pay in btc.
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September 17, 2016, 09:35:50 PM
 #756

nice project.
is there any other bounty except signature and translation bounty?
any social bounty? facebook, twitter etc? I want to earn some komodo.

No komodo, they pay btc, not in komodo. And i don't think they will only accept your avatar. They say it is 25% bonus on sig payment. So no signature payment, no bonus.
   
Komodo Signature
Quote
The rewards will be paid in KMD coins after the ICO has ended.

hoops, thanks for correction, dude. I saw their OP says 0.00X btc/week, so i considered they pay in btc.

My understanding is either BTC or KMD.

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September 17, 2016, 11:41:20 PM
 #757

Joined the signature campaign. Komodo  will be  way better than Monero.

It's shady and irresponsible to advertise as fact an assertion regarding future events, for which zero evidence exists.

What typical shitcoin marketing to pump up the sig spam before even releasing a whitepaper, much less code working in production.

Anyone who gives ICOscam777 their BTC deserves to lose every satoshi.

After stringing his True Believers along for two years, he imposed his choice of arbitrary conditions on BTCD speculators and abandoned the project, and will do the same with Kodomo.

He's done the same with dozens of other vaporware campaigns.  The pattern is the same.  Promise the moon -> make excuses for delays -> more on to next ICO scam Because Reasons -> profit.

Should I let you go on, you will ruin fifty thousand moonchildren, and that would be my sin! You are a den of vipers and thieves.

You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out.

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange  |  Buy XMR with fiat
Fungibility provides privacy as a side effect.  Adam Back 2014

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004
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September 18, 2016, 03:46:08 AM
 #758

Many devs in crypto world leave their project for some reason or another. But jl777 is starting another ICO and he still supporting BTCD investors.
I don't hold any BTCD but I will be investing in Komodo. jl777 good luck

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September 18, 2016, 06:15:04 AM
 #759



Should I let you go on, you will ruin fifty thousand moonchildren, and that would be my sin! You are a den of vipers and thieves.

You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out.


you are far less significant than you think. mental midget entertaining delusions of grandeur.

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September 18, 2016, 10:40:16 AM
 #760

https://forum.z.cash/t/what-does-the-zcash-team-think-of-monero/1465

with ring sigs you have a specific set of 3 to 10 possible sources of funds, which is certainly better than having just 1. if you make a ring sig tx, then your signature is one of the possibles, since it is your transaction.

So for a tx with mixin of 3 this is what an external party sees:

[yours] [otherB] [otherC]
[otherA] [yours] [otherC]
[otherA] [otherB] [yours]

So while it is true there is no certainity that it is yours, one third probability says that it is.

For zcash this is what the external party sees:

[X]

All that is known is that somebody did a zcash transaction.

So for anybody that says that ring sigs and zcash are even in the same league of privacy, they are missing the simple fact that each ring sig tx you do, your sig is part of the tx. Maybe there is another layer on top that tries to hide this correlation, but on the blockchain, there is this finite and positive correlation.


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