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Author Topic: Best anonymous transactions for a cryptocurrency?  (Read 2854 times)
Macrochip
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February 03, 2017, 07:09:20 AM
 #21

Nothing that uses CryptoBloat

PrivateSend is future proof. Masternode blinding (planned with the full release of DAPI) will make it bullet-proof as well

Explanation how PrivateSend works

Chances of running a successful timing attack on PrivateSend

Note that timing attacks will be completely useless with Masternode blinding.

Yes Dash hating loser: Masternode blinding is still going to be implemented. Only much better than you ding dongs ever thought.

deeplink
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February 03, 2017, 11:14:39 AM
 #22

Best anonymous transactions will very shortly become NO anonymous transactions.
At least if your project aims to become a commercial success, and not just a proof of concept.

Anonymous transactions will be banned from compliance with money laundering laws, by the CFTC/SEC very shortly.
Or at least would have to contain methods to enable law enforcement to de-anonymize transactions.
Laws for that are already in the making, Britain is pushing control of end-to-end encryption and will make it a felony to use software containing such features. If you want to be compliant and listed for trading on a noteworthy exchange, anonymous transactions will become a no-go, mark my words.

Very much like when RSA encryption fell under export control in the US, back in the days.

Terracoin is positioning itself as a world-wide currency.

Therefor I think it makes little sense to speculate about specific laws that may or may not be introduced in some countries in the future. At times the future looks bleak for personal privacy, I admit. It is an ongoing fight and we should remain vigilant.

But if it happens, for example in the US or Britain, there has to be a new discussion. There are many options ranging between comply and resist. People and groups will have to choose which side they want to be on. The value of Terracoin could go either way. Some people in the US and Britain may not want to touch it, while others may want to jump on it.

What I am arguing is, that the best way to do anything is to do what you think is right in your own conscience and to not ask for permission to innovate. If we did, Bitcoin wouldn't have existed and we wouldn't be here in the first place.
thepo1m
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February 03, 2017, 11:45:00 AM
 #23

Good idea want to add more tech to your project, but to be sinecre who is using this coin, project like Monero, Dash, Zcash and Shadow coins are all looking for adoption, I just don't see where this coin fits in
royalfestus
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February 03, 2017, 11:51:37 AM
 #24

Am also not adding to the list but suggesting that monero is the heart ache of anonymity of FBI in the recent time. And if FBI can voice out, I think is taking the lead in anonymity.

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clockuniverse (OP)
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March 05, 2017, 03:52:49 AM
 #25

Thanks for all the info everybody!

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  MASTERNODES, and Instant Send.
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dinofelis
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March 05, 2017, 07:32:25 AM
 #26

Best anonymous transactions will very shortly become NO anonymous transactions.
At least if your project aims to become a commercial success, and not just a proof of concept.

Why on earth would you want to compete with fiat on its own domain  ?   Fiat is unbeatable concerning compliance, rapidity, acceptance.   Crypto can never win from fiat if it wants to be compliant, fast, practical and generally accepted, because of the burden or decentralized consensus.  Fiat doesn't have this burden, and can use centralized authorities to be much more lean, swift, and compliant.

Quote
Anonymous transactions will be banned from compliance with money laundering laws, by the CFTC/SEC very shortly.
Or at least would have to contain methods to enable law enforcement to de-anonymize transactions.

Then use fiat.  Why would you need a block chain and a decentralized consensus, if an authority is to dictate what should be the "consensus" ?

dinofelis
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March 05, 2017, 07:40:50 AM
 #27

Nothing that uses CryptoBloat

PrivateSend is future proof. Masternode blinding (planned with the full release of DAPI) will make it bullet-proof as well

This is totally ridiculous.  The statement is essentially, that if ever the cryptography of, say, monero is broken, well, then it is broken and can be deanonymised.  Well, duh.  That's true with every cryptographic system: if it is broken, it doesn't work as expected.  If that is the "proof" that it WILL be broken, that's funny logic.

However, every coinjoin "anonymity", like the masternode mixing, is GIVING OUT the deanonymization information to the mixer owner.  Instead of being cryptographically protected, it is out in the clear for the mixer.  This is true for a bitcoin mixing service (the owner of the service has all the deanonymisation information and can decide to keep this record for ever), and is true for the master nodes in DASH, which are nothing else but smart contract mixing services.   With the master nodes, however, there are successive mxings, and so the master nodes have to COLLUDE for the deanonymisation of the whole chain.  With "4000 master nodes" that seems like an impossible task, to have them collude.  However, the failure of this scheme is that there are maybe a few tens of people owning the large majority of the master nodes.  A few tens of people colluding (by water hosing for instance, by bribing, by making offers that are hard to refuse) is much, much more probable than a cryptographic scheme grossly failing.

In fact, DASH's anonymity scheme is similar to using several bank accounts in different countries, to "mix fiat transactions".  The knowledge is in the banks, but the full path is only exposed when one has all the account transactions.  Which will take some time for a judge.   But the "anonymity" is only just as good as the quality of the banking secrets kept by banks.  The US government sometimes makes "offers (even Swiss) banks have difficulties refusing".

clockuniverse (OP)
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April 02, 2017, 12:46:58 AM
 #28

The Terracoin Foundation has decided to hold off on anonymous transactions for now.

We are instead concentrating on getting DASH's decentralized governance, masternodes and instant send implemented.

Since we are cloning over a bunch of DASH's capabilities it will be easy to add their anonymous transactions later.

We may also create our own version of anonymous transactions once we have a dedicated dev team working on TRC.

Thanks for everyone's input!


.    Implemented!    .
. DASH’s Decentralized Governance, 
  MASTERNODES, and Instant Send.
.
████
  ██

  ██
████

       ████
  ██

  ██
████

       WEBSITE
   REDDIT
   TWITTER

       ANN THREAD
   MATTERMOST
   BTC GARDEN

Marcboy123
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July 11, 2017, 05:12:30 AM
 #29

YOU SHOULD CREATE A SLACK CHANNEL SO YOU CAN START GROWING YOUR COMMUNITY.
Renji Abarai
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July 11, 2017, 05:25:10 AM
 #30

The Terracoin Foundation has decided to hold off on anonymous transactions for now.

We are instead concentrating on getting DASH's decentralized governance, masternodes and instant send implemented.

Since we are cloning over a bunch of DASH's capabilities it will be easy to add their anonymous transactions later.

We may also create our own version of anonymous transactions once we have a dedicated dev team working on TRC.

Thanks for everyone's input!



I am not updated with Terra or TRC but why hold off the project? I think they are reviving the project now. But for now, I agree with DASH and hopefully this innovation will be finish and implemented soon.

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darkenedsoul
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July 11, 2017, 05:53:36 AM
 #31

Has anyone considered XSPEC? Spectreproject.io

Even breaks down most of these coins listed in this topic by comparison

bjjobg55206
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July 11, 2017, 08:24:41 AM
 #32

are you copy other coin?
why not do a innovation by yourself
TheMuppet
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September 28, 2017, 05:59:46 PM
 #33

As far as huge potential returns, I don't think anything out there can match Deep Onion.

First of all: killer branding with the TOR angle.

It completely wipes your IP clean and gives you a code.

The team seems rock solid.

Super small market cap at the moment.

I can see this baby hitting 100 million in the next 12-24 months.

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