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Author Topic: Shadowcash and Umbra platform are the future of DM's  (Read 247 times)
dadon
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September 18, 2016, 06:55:58 AM
 #1

monero is added by a few centralised DM's that could exit scam anytime, and it explodes in price and now people talk like its BTC 2.0..If the DM's that accept XMR now exit scam or are taken down by Law enforcement what will happen to XMR price? will it be accepted at the next market to step up and fill the gap?
who know, but one thing i do know is as fast as DM's go down they go up the market is growing yet it has a lot of strain on it to contract, this says one thing, that the future of DM trade is massive... then along comes  the shadow project with SDC and the umbra platform https://blog.shadowproject.io/2016/09/06/sept-2016-welcome-to-the-umbra/
very soon Umbra's Decentralised  market will be complete just look at the design of the current umbra platform in the link above to get a idea of the design of the market.
Umbra platform brings together traceable or untraceable transactions, end to end encrypted chat/group chat, and decentralised commerce into one slick easy to use package and to top it off pre configured i2p/tor support and much more planned.
Umbra platform will be the eBay of DM's and that "D" will soon stand for Decentralised not dark.

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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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September 18, 2016, 07:50:49 AM
 #2

Is the code of Umbra peer reviewed and security audited? This should be the question that should be asked by the community starting now. We have seen that even a security audited code will also have bugs like the DAO. It very hard to trust a system in these times.

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dadon
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September 18, 2016, 08:16:59 AM
 #3

Is the code of Umbra peer reviewed and security audited? This should be the question that should be asked by the community starting now. We have seen that even a security audited code will also have bugs like the DAO. It very hard to trust a system in these times.
Peer reviews are expensive and we learnt the hard way that not just anyone can be trusted to complete one, until recently this project was very underfunded with little donation support, and since SDC was not pre-mined nor did it have any IPO, ICO etc we had little funds to go towards this. we did have a cryptographer as a core member at one point but personal issues made it difficult for him to participate in the project anymore.
but the recent price rise has has given our team a big boost in that area as community members have donated towards completing this phase of the project quickly, as you can see we have achieved a lot unfunded so you can imagine the progress we will be making from now on.
The peer review is being organised as we speak and has been in the works for a few weeks.
It was one of the first priorities on the Dev teams to do list that required more funding.
believe it or not SDC devs hold very very few SDC, some people find this discouraging assuming this will mean the Devs are not as motivated to work, to the contrary they are in this for the right reasons that is obvious as they have worked for over 2 years unfunded.

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.SEMUX
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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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