[ANN] [MΣC] Megacoin.co.nz - Forum, Github, Website Now in 18 Languages

[vtr99]

Megacoin and Anoncoin can't provide these...check AnonyMint's posts.

If you're reading and belive in what the deluded person with only basic understandings of economics is writing, you're deluded and ignorant yourself.
+1 for him mostly talking to himself in his own thread.

Next up:

Or this:
https://bitcointalk.org/index.php?topic=279771.0

And btw ZC is not sufficient by itself for total anonymity/privacy.

You want at least combined features of Megacoin/Anoncoin (or zerocoin/anoncoin).

Anoncoin isn't anonymous. Who said that zerocoin is not sufficient by itself for total privacy?
Has anyone used a working zerocoin protocol in a coin to test this assumption? No.
It's all in theory.

https://bitcointalk.org/index.php?topic=279249.msg3009655#msg3009655

I am invalidating some of what I wrote in that post, there is a case where we need a laundry and don't want to use paypal or a credit card, i.e. we want to reveal our identity but not overtly to our bank (or the merchant can't accept paypal) yet we want to delink that back to our public key for our coin.

Anoncoin (over I2P not Tor) is anonymous against most privacy adversaries but potentially not against the traffic analysis (data mining) capabilities of an NSA adversary, since I2P isn't yet HIGH-latency enabled (to defeat timing analysis). Tor may already be a data mining operation of the NSA, because it only does 3 hops and the servers are not all the clients (thus handling a lot of traffic and have to be funded somehow, who do you think is funding the Tor servers? It only takes 1 or 2 or 3 in your onion route to give you away, especially when coupled with traffic timing analysis).

We need to be careful about summarizing at this point, because many issues are still being debated.

About my economics understanding, Moldbug is correct there can only be one cypto-currency remaining at the end, and the reason is the nature of unit-of-account versus store-of-value (specifically see linked point #2), i.e. only the majority will choose. Perhaps there could be others that exist not as the unit-of-account, e.g. ones that are more anonymous but shunned by the majority because they are, yet they will be outcasts/fringe.

Guys I need to stay focused on technical analysis (in technical threads) so I may not be able to follow the discussion here.

His reply is pointless.
Those 3 points.. I haven't done a single one of those. Modified ubuntu machine for bitcoin only, behind a vpn and additonal 2 proxies at the moment.

Those servers are linked back to your IP address, because the NSA can see all the traffic. Encrypting what is inside your packet doesn't always help, because of timing analysis. Also they can compel by court order the VPNs to turn over logs.

There is an awful lot of conjecture and paranoia here. When you say "Moldbug is correct there can only be one cypto-currency remaining at the end", it tells me you don't understand economics at all. It's like saying only gold, or diamonds are valuable, or there is only going to be one stock remaining in the NYSE! The reason Litecoin was developed is because people wanted alternatives to Bitcoin. It's just a matter of time until various governments propose their own digital currencies. Anyone who thinks everyone will settle on a single "World Currency" is living in a dream world. If they did, it would be the biggest reason not to use it, and to seek alternatives. When we talk about privacy and anonymity it's all relative, just like buying a gun safe. Not everyone needs a $12,000 Fort Knox safe. Alternatives will offer various levels of rarity, security, privacy, and features that determine their popularity and value. I believe these alternatives are already playing a part in pegging the value of Bitcoin and Litecoin.

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[Lauda]

Kimoto where are you? It's almost the 30th where I live 

[vtr99]

wheres the fork at?

i guess its almost here... 

As long as it happens before block 63k, and it is done right, I'm fine with waiting. This may be the best opportunity we have to grab some extra MΣC before people figure out Kimoto knows what he's doing.  

[AnonyMint]

It's like saying only gold, or diamonds are valuable, or there is only going to be one stock remaining in the NYSE! The reason Litecoin was developed is because people wanted alternatives to Bitcoin. It's just a matter of time until various governments propose their own digital currencies.

Perhaps you didn't read what I wrote, because you repeated what I wrote:

Perhaps there could be others that exist not as the unit-of-account, e.g...

Anyone who thinks everyone will settle on a single "World Currency" is living in a dream world. If they did, it would be the biggest reason not to use it, and to seek alternatives. When we talk about privacy and anonymity it's all relative, just like buying a gun safe. Not everyone needs a $12,000 Fort Knox safe. Alternatives will offer various levels of rarity, security, privacy, and features that determine their popularity and value. I believe these alternatives are already playing a part in pegging the value of Bitcoin and Litecoin.

Anyone who thinks TODAY we use only one search engine, only one reserve currency everywhere in the world, etc... is...

CORRECT!

[Lauda]

Please, less off topic. Waiting for Kimoto..

[AnonyMint]

Those servers are linked back to your IP address, because the NSA can see all the traffic. Encrypting what is inside your packet doesn't always help, because of timing analysis. Also they can compel by court order the VPNs to turn over logs.

What would the proposed solution to this be though?
You're somewhat right. Well afaik there are a few VPNs that don't release logs even in those situations.

Update: Missed a sentance. If you don't reply it's okay I guess.
Though zerocoin will bring MEC above the other alts pretty much?

HIGH-latency mix-net is really important because is immune to timing analysis. Tor and I2P are both LOW-latency, thus subject to timing analysis. Tor is worse because of reasons I gave in my prior post.

About laundries (coin mixers), I am studying that now. It will not substitute for the HIGH-latency mix-net. You need both, but the later is probably more crucial and it doesn't exist. I2P says it is coming in version 3?

P.S. I won't be back to this thread. Too busy. Wish all the best here.

[vtr99]

Please, less off topic. Waiting for Kimoto..

Agree... But things can get pretty quiet around here waiting for Kimoto. 

Honestly, I'm far more interested in Kimoto's post about "Strong opportunists" and "Megacoin services". I'd much rather see more of darkproton's humor than listen to this baloney about "There can be only one"... 

[Lauda]

Please, less off topic. Waiting for Kimoto..

Agree... But things can get pretty quiet around here waiting for Kimoto. 

Honestly, I'm far more interested in Kimoto's post about "Strong opportunists" and "Megacoin services". I'd much rather see more of darkproton's humor than listen to this baloney about "There can be only one"... 

Well yeah. Aside from zerocoin, which isn't coming in this fork I belive, we don't know much. What he brings to the table could very much suprise everyone right now.

[ethought]

Fork coming soon Dr?

[kimoto]

Yes! Of course! August 28, 2013!
That was the day I invented time-dilated difficulty gravitational wells. The black holes of difficulty formulas! I remember it vividly.
I was standing on the edge of my toilet about to upload a standard fork, the porcelain was wet, I slipped, hit my head on the sink, and when I came to I had a revelation!
A vision! A picture in my head! A picture of this!



This is what makes time-dilated difficulty formulas possible: the Kimoto Gravity Well! It's taken me nearly sixty six years and my entire family fortune to realize the vision of that day.
KGW = 1 + (0.7084 * pow((double(PastBlocksMass)/double(144)), -1.228));

Marty, we don't have much time, we must release it upon the universe today.
The future of Megacoin depends on it.

[Tequilablob]

Lol, That made me laugh.

[blarg]

This is what makes time-dilated difficulty formulas possible: the Kimoto Gravity Well! It's taken me nearly sixty six years and my entire family fortune to realize the vision of that day.
KGW = 2.7084 * ((BlocksEncounteredMass/144)^-2.428)

Marty, we don't have much time, we must release it upon the universe today.
The future of Megacoin depends on it.

sounds awesome   excited to see how it will work out!


Update: omg that updated graphic XD!

[Nordstern]

Marty, we don't have much time, we must release it upon the universe today.
The future of Megacoin depends on it.

haha... wasn't that "back to the future"?
things are getting crazy.... ;-)
so give me more of your cheap MECs!

[shellbunner]

Ha! That picture made me laugh out loud.
Looking forward to this adjustment!
Thx Kimoto.

[vtr99]

Outstanding!    I think we are seeing the beginning of an alternate Megacoin Universe!

Oh, and thanks Kimoto for the new desktop wallpaper! Love it!

[chup]

Less than one hour ago MEC disappeared from Cryptsy.    Any other exchange accepting MECs?

[Nordstern]

so what about our coins holding there?

[bholzer]

Am I the only one confused as hell?

[Nordstern]

Am I the only one confused as hell?

not only you...
maybe everything is right and the backend is installing the fork?
but a little more information would be good...

[chup]

 

so what about our coins holding there?

Gone?   I can still see MEC under my pending orders, but balances I had disappeared...